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First Franklin Mortgage Loan Trust 2005-FF4 | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | | | | |
| | | | | | | |
2005-FF4 | | | | | |
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September 26, 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 | 23 | | | | | |
| | | | | | | | 11. Realized Loss Detail Report | 26 | | | | | |
| | Servicer(s) | | | | | | | |
| | | | 12. Triggers and Adj. Cert. Report | 27 | | | | | |
| | National City Home Loan | | | | | |
| | 13. Additional Certificate Report | 28 | | | | | |
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| | Underwriter(s) | | | | | | | | | | | | | | |
| | Greenwich Capital Markets | | | | | | | | | | | |
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| | | | | | | | Total Number of Pages | | 28 | | | | | |
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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: | September 26, 2005 | | | | | | | | | | | |
| | | | | | | | Factor Information: | (800) 735-7777 | | | | | |
| | Record Date: | August 31, 2005 | | | | | |
| | Main Phone Number: | (714) 247-6000 | | | | | |
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| | | | | September 23, 2005 | | | | | |
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| | | | | | | | https://www.tss.db.com/invr | | | | | |
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Page 1 of 28 | | | | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | | | | |
| | | | | | | |
2005-FF4 | | | | |
| | | | | | | | | | | | | | | | | | | | |
September 26, 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 | 692,481,202.41 | 2,364,438.59 | 13,524,073.86 | 15,888,512.45 | 0.00 | 0.00 | 678,957,128.55 | | |
| |
II-A-1 | FLT/STEP | $ | 91,800,000.00 | 73,135,115.32 | 241,914.71 | 6,113,479.13 | 6,355,393.84 | 0.00 | 0.00 | 67,021,636.19 | | |
II-A-2 | FLT/STEP | $ | 85,330,000.00 | 85,330,000.00 | 286,803.61 | 0.00 | 286,803.61 | 0.00 | 0.00 | 85,330,000.00 | | |
II-A-3 | FLT/STEP | $ | 92,580,000.00 | 92,580,000.00 | 317,755.13 | 0.00 | 317,755.13 | 0.00 | 0.00 | 92,580,000.00 | | |
II-A-4 | FLT/STEP | $ | 35,513,000.00 | 35,513,000.00 | 124,413.88 | 0.00 | 124,413.88 | 0.00 | 0.00 | 35,513,000.00 | | |
M-1 | FLT/STEP | $ | 66,938,000.00 | 66,938,000.00 | 242,241.18 | 0.00 | 242,241.18 | 0.00 | 0.00 | 66,938,000.00 | | |
M-2 | FLT/STEP | $ | 33,788,000.00 | 33,788,000.00 | 123,776.71 | 0.00 | 123,776.71 | 0.00 | 0.00 | 33,788,000.00 | | |
M-3 | FLT/STEP | $ | 23,588,000.00 | 23,588,000.00 | 88,507.42 | 0.00 | 88,507.42 | 0.00 | 0.00 | 23,588,000.00 | | |
M-4 | FLT/STEP | $ | 22,950,000.00 | 22,950,000.00 | 87,541.50 | 0.00 | 87,541.50 | 0.00 | 0.00 | 22,950,000.00 | | |
M-5 | FLT/STEP | $ | 23,588,000.00 | 23,588,000.00 | 90,604.13 | 0.00 | 90,604.13 | 0.00 | 0.00 | 23,588,000.00 | | |
M-6 | FLT/STEP | $ | 16,575,000.00 | 16,575,000.00 | 71,327.75 | 0.00 | 71,327.75 | 0.00 | 0.00 | 16,575,000.00 | | |
M-7 | FLT/STEP | $ | 15,300,000.00 | 15,300,000.00 | 67,201.00 | 0.00 | 67,201.00 | 0.00 | 0.00 | 15,300,000.00 | | |
M-8 | FLT/STEP | $ | 14,663,000.00 | 14,663,000.00 | 70,268.35 | 0.00 | 70,268.35 | 0.00 | 0.00 | 14,663,000.00 | | |
M-9 | FLT/STEP | $ | 12,113,000.00 | 12,113,000.00 | 71,507.08 | 0.00 | 71,507.08 | 0.00 | 0.00 | 12,113,000.00 | | |
B-1 | FLT/STEP | $ | 9,563,000.00 | 9,563,000.00 | 56,453.58 | 0.00 | 56,453.58 | 0.00 | 0.00 | 9,563,000.00 | | |
B-2 | FLT/STEP | $ | 10,834,000.00 | 10,834,000.00 | 59,141.60 | 0.00 | 59,141.60 | 0.00 | 0.00 | 10,834,000.00 | | |
C | EXE | $ | 6,374,900.00 | 6,375,000.00 | 2,116,971.89 | 0.00 | 2,116,971.89 | 0.00 | 0.00 | 6,375,000.00 | | |
P | EXE | $ | 100.00 | 100.00 | 271,032.81 | 0.00 | 271,032.81 | 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 | 1,235,314,417.73 | 6,751,900.92 | 19,637,552.99 | 26,389,453.91 | 0.00 | 0.00 | 1,215,676,864.74 | | |
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Page 2 of 28 | | | | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | | | | |
| | | | | | | |
2005-FF4 | | | | |
| | | | | | | | | | | | | | | | | | | | |
September 26, 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 | 08/25/05 | 09/25/05 | A-Act/360 | 32027NQX2 | 713,502,000.00 | 970.538558 | 3.313850 | 18.954500 | 22.268350 | 951.584058 |
II-A-1 | 08/25/05 | 09/25/05 | A-Act/360 | 32027NQY0 | 91,800,000.00 | 796.678816 | 2.635236 | 66.595633 | 69.230870 | 730.083183 |
II-A-2 | 08/25/05 | 09/25/05 | A-Act/360 | 32027NQZ7 | 85,330,000.00 | 1,000.000000 | 3.361111 | 0.000000 | 3.361111 | 1,000.000000 |
II-A-3 | 08/25/05 | 09/25/05 | A-Act/360 | 32027NRA1 | 92,580,000.00 | 1,000.000000 | 3.432222 | 0.000000 | 3.432222 | 1,000.000000 |
II-A-4 | 08/25/05 | 09/25/05 | A-Act/360 | 32027NRB9 | 35,513,000.00 | 1,000.000000 | 3.503333 | 0.000000 | 3.503333 | 1,000.000000 |
M-1 | 08/25/05 | 09/25/05 | A-Act/360 | 32027NRC7 | 66,938,000.00 | 1,000.000000 | 3.618889 | 0.000000 | 3.618889 | 1,000.000000 |
M-2 | 08/25/05 | 09/25/05 | A-Act/360 | 32027NRD5 | 33,788,000.00 | 1,000.000000 | 3.663333 | 0.000000 | 3.663333 | 1,000.000000 |
M-3 | 08/25/05 | 09/25/05 | A-Act/360 | 32027NRE3 | 23,588,000.00 | 1,000.000000 | 3.752222 | 0.000000 | 3.752222 | 1,000.000000 |
M-4 | 08/25/05 | 09/25/05 | A-Act/360 | 32027NRF0 | 22,950,000.00 | 1,000.000000 | 3.814444 | 0.000000 | 3.814444 | 1,000.000000 |
M-5 | 08/25/05 | 09/25/05 | A-Act/360 | 32027NRG8 | 23,588,000.00 | 1,000.000000 | 3.841111 | 0.000000 | 3.841111 | 1,000.000000 |
M-6 | 08/25/05 | 09/25/05 | A-Act/360 | 32027NRH6 | 16,575,000.00 | 1,000.000000 | 4.303333 | 0.000000 | 4.303333 | 1,000.000000 |
M-7 | 08/25/05 | 09/25/05 | A-Act/360 | 32027NRJ2 | 15,300,000.00 | 1,000.000000 | 4.392222 | 0.000000 | 4.392222 | 1,000.000000 |
M-8 | 08/25/05 | 09/25/05 | A-Act/360 | 32027NRK9 | 14,663,000.00 | 1,000.000000 | 4.792222 | 0.000000 | 4.792222 | 1,000.000000 |
M-9 | 08/25/05 | 09/25/05 | A-Act/360 | 32027NRL7 | 12,113,000.00 | 1,000.000000 | 5.903334 | 0.000000 | 5.903334 | 1,000.000000 |
B-1 | 08/25/05 | 09/25/05 | A-Act/360 | 32027NRM5 | 9,563,000.00 | 1,000.000000 | 5.903334 | 0.000000 | 5.903334 | 1,000.000000 |
B-2 | 08/25/05 | 09/25/05 | A-Act/360 | 32027NRN3 | 10,834,000.00 | 1,000.000000 | 5.458889 | 0.000000 | 5.458889 | 1,000.000000 |
C | 08/01/05 | 08/30/05 | A-30/360 | | 6,374,900.00 | 1,000.015687 | 332.079231 | 0.000000 | 332.079231 | 1,000.015687 |
P | 08/01/05 | 08/30/05 | A-30/360 | | 100.00 | 1,000.000000 | 2,710,328.100000 | 0.000000 | 2,710,328.100000 | 1,000.000000 |
R | 08/01/05 | 08/30/05 | A-30/360 | | 0.00 | 0.000000 | 0.000000 | 0.000000 | 0.000000 | 0.000000 |
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Page 3 of 28 | | | | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | | | | |
| | | | | | | |
2005-FF4 | | | | |
| | | | | | | | | | | | | | | | | | | | |
September 26, 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 | 10,397,046.42 | 33,566,078.47 | 978,792.98 | 34,544,871.45 | 44,941,917.87 | 0.00 | 0.00 | 678,957,128.55 | | |
II-A-1 | 91,800,000.00 | 1,181,537.93 | 24,027,710.24 | 750,653.57 | 24,778,363.81 | 25,959,901.74 | 0.00 | 0.00 | 67,021,636.19 | | |
II-A-2 | 85,330,000.00 | 1,238,026.04 | 0.00 | 0.00 | 0.00 | 1,238,026.04 | 0.00 | 0.00 | 85,330,000.00 | | |
II-A-3 | 92,580,000.00 | 1,374,279.73 | 0.00 | 0.00 | 0.00 | 1,374,279.73 | 0.00 | 0.00 | 92,580,000.00 | | |
II-A-4 | 35,513,000.00 | 539,080.08 | 0.00 | 0.00 | 0.00 | 539,080.08 | 0.00 | 0.00 | 35,513,000.00 | | |
M-1 | 66,938,000.00 | 1,052,604.96 | 0.00 | 0.00 | 0.00 | 1,052,604.96 | 0.00 | 0.00 | 66,938,000.00 | | |
M-2 | 33,788,000.00 | 538,404.88 | 0.00 | 0.00 | 0.00 | 538,404.88 | 0.00 | 0.00 | 33,788,000.00 | | |
M-3 | 23,588,000.00 | 385,763.81 | 0.00 | 0.00 | 0.00 | 385,763.81 | 0.00 | 0.00 | 23,588,000.00 | | |
M-4 | 22,950,000.00 | 382,068.19 | 0.00 | 0.00 | 0.00 | 382,068.19 | 0.00 | 0.00 | 22,950,000.00 | | |
M-5 | 23,588,000.00 | 395,657.67 | 0.00 | 0.00 | 0.00 | 395,657.67 | 0.00 | 0.00 | 23,588,000.00 | | |
M-6 | 16,575,000.00 | 314,175.74 | 0.00 | 0.00 | 0.00 | 314,175.74 | 0.00 | 0.00 | 16,575,000.00 | | |
M-7 | 15,300,000.00 | 296,425.87 | 0.00 | 0.00 | 0.00 | 296,425.87 | 0.00 | 0.00 | 15,300,000.00 | | |
M-8 | 14,663,000.00 | 311,760.88 | 0.00 | 0.00 | 0.00 | 311,760.88 | 0.00 | 0.00 | 14,663,000.00 | | |
M-9 | 12,113,000.00 | 321,052.60 | 0.00 | 0.00 | 0.00 | 321,052.60 | 0.00 | 0.00 | 12,113,000.00 | | |
B-1 | 9,563,000.00 | 253,465.37 | 0.00 | 0.00 | 0.00 | 253,465.37 | 0.00 | 0.00 | 9,563,000.00 | | |
B-2 | 10,834,000.00 | 264,431.65 | 0.00 | 0.00 | 0.00 | 264,431.65 | 0.00 | 0.00 | 10,834,000.00 | | |
C | 6,374,900.00 | 8,705,827.11 | 0.00 | 0.00 | 0.00 | 8,705,827.11 | 0.00 | 100.00 | 6,375,000.00 | | |
P | 100.00 | 690,796.55 | 0.00 | 0.00 | 0.00 | 690,796.55 | 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 | 28,642,405.48 | 57,593,788.71 | 1,729,446.55 | 59,323,235.26 | 87,965,640.74 | 0.00 | 100.00 | 1,215,676,864.74 | | |
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Page 4 of 28 | | | | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | | | | |
| | | | | | | |
2005-FF4 | | | | |
| | | | | | | | | | | | | | | | | | | | |
September 26, 2005 Distribution | | | | |
| | | | | | | | | | | | | | | | | | | | |
Interest Detail - | | |
| Pass | Prior Principal | | Non- | Prior | Unscheduled | | Paid or | Current |
|
| | | | | | | | | | | | | | | | |
| 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 | 3.84125% | 692,481,202.41 | 2,364,438.59 | 0.00 | 0.00 | 0.00 | 2,364,438.59 | 2,364,438.59 | 0.00 | | |
II-A-1 | 3.72125% | 73,135,115.32 | 241,914.71 | 0.00 | 0.00 | 0.00 | 241,914.71 | 241,914.71 | 0.00 | | |
II-A-2 | 3.78125% | 85,330,000.00 | 286,803.61 | 0.00 | 0.00 | 0.00 | 286,803.61 | 286,803.61 | 0.00 | | |
II-A-3 | 3.86125% | 92,580,000.00 | 317,755.13 | 0.00 | 0.00 | 0.00 | 317,755.13 | 317,755.13 | 0.00 | | |
II-A-4 | 3.94125% | 35,513,000.00 | 124,413.88 | 0.00 | 0.00 | 0.00 | 124,413.88 | 124,413.88 | 0.00 | | |
M-1 | 4.07125% | 66,938,000.00 | 242,241.18 | 0.00 | 0.00 | 0.00 | 242,241.18 | 242,241.18 | 0.00 | | |
M-2 | 4.12125% | 33,788,000.00 | 123,776.71 | 0.00 | 0.00 | 0.00 | 123,776.71 | 123,776.71 | 0.00 | | |
M-3 | 4.22125% | 23,588,000.00 | 88,507.42 | 0.00 | 0.00 | 0.00 | 88,507.42 | 88,507.42 | 0.00 | | |
M-4 | 4.29125% | 22,950,000.00 | 87,541.50 | 0.00 | 0.00 | 0.00 | 87,541.50 | 87,541.50 | 0.00 | | |
M-5 | 4.32125% | 23,588,000.00 | 90,604.13 | 0.00 | 0.00 | 0.00 | 90,604.13 | 90,604.13 | 0.00 | | |
M-6 | 4.84125% | 16,575,000.00 | 71,327.75 | 0.00 | 0.00 | 0.00 | 71,327.75 | 71,327.75 | 0.00 | | |
M-7 | 4.94125% | 15,300,000.00 | 67,201.00 | 0.00 | 0.00 | 0.00 | 67,201.00 | 67,201.00 | 0.00 | | |
M-8 | 5.39125% | 14,663,000.00 | 70,268.35 | 0.00 | 0.00 | 0.00 | 70,268.35 | 70,268.35 | 0.00 | | |
M-9 | 5.90212% | 12,113,000.00 | 63,548.81 | 0.00 | 0.00 | 0.00 | 63,548.81 | 71,507.08 | 0.00 | | |
B-1 | 5.90212% | 9,563,000.00 | 50,170.66 | 0.00 | 0.00 | 0.00 | 50,170.66 | 56,453.58 | 0.00 | | |
B-2 | 5.90212% | 10,834,000.00 | 56,838.75 | 0.00 | 0.00 | 0.00 | 56,838.75 | 59,141.60 | 0.00 | | |
C | 398.48883% | 6,375,000.00 | 2,116,971.89 | 0.00 | 0.00 | 0.00 | 2,116,971.89 | 2,116,971.89 | 0.00 | | |
P | 0.00000% | 100.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 271,032.81 | 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 | | 1,235,314,417.73 | 6,464,324.07 | 0.00 | 0.00 | 0.00 | 6,464,324.07 | 6,751,900.92 | 0.00 | | |
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Page 5 of 28 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
| | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
| | | | | | | | | | | | | | | | | |
September 26, 2005 Distribution | |
Collection Account Report | |
SUMMARY | | |
| |
| | | | | | | | | | Group 2 | Group 1 | Total | | |
Principal Collections | | | | | 6,113,479.13 | 13,524,073.86 | 19,637,552.99 | | |
Principal Withrawals | | | | | 0.00 | 0.00 | 0.00 | | |
Principal Other Accounts | | | | | 0.00 | 0.00 | 0.00 | | |
TOTAL NET PRINCIPAL | | | | | 6,113,479.13 | 13,524,073.86 | 19,637,552.99 | | |
Interest Collections | | | | | 1,921,001.24 | 4,958,379.94 | 6,879,381.18 | | |
Interest Withdrawals | | | | | -0.00 | -0.00 | -0.00 | | |
Interest Other Accounts | | | | | 0.00 | 0.00 | 271,032.81 | | |
Interest Fees | | | | | -121,800.98 | -276,712.09 | -398,513.07 | | |
TOTAL NET INTEREST | | | | | 1,799,200.26 | 4,681,667.85 | 6,751,900.92 | | |
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION | | | | | 7,912,679.39 | 18,205,741.71 | 26,389,453.91 | | |
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PRINCIPAL - COLLECTIONS | | |
| |
| | | | | | | | | | | Group 2 | Group 1 | Total | |
Scheduled Principal Received | | | | | 76,561.39 | 354,846.20 | 431,407.59 | |
Curtailments | | | | | 15,092.61 | 117,149.07 | 132,241.68 | |
Prepayments In Full | | | | | 6,021,825.13 | 13,052,078.59 | ####### | | |
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 | | | | | -14,661.97 | -85,272.01 | -99,933.98 | |
Realized Losses | | | | | -0.00 | -0.00 | -0.00 | |
Advanced Principal | | | | | 14,661.97 | 85,272.01 | 99,933.98 | |
TOTAL PRINCIPAL COLLECTED | | | | | 6,113,479.13 | 13,524,073.86 | 19,637,552.99 | |
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PRINCIPAL - WITHDRAWALS | | |
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SPACE INTENTIONALLY LEFT BLANK | | |
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PRINCIPAL - OTHER ACCOUNTS | | |
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| | | | | | | | | | Group 2 | Group 1 | Total | | |
TOTAL PRINCIPAL OTHER ACCOUNTS | | | | | 0.00 | 0.00 | 0.00 | | |
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Page 6 of 28 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
| | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
| | | | | | | | | | | | | | | | | |
September 26, 2005 Distribution | |
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INTEREST - COLLECTIONS | | |
| |
| | | | | | | | | | Group 2 | Group 1 | Total | | |
Scheduled Interest | | | | | 1,950,592.66 | 5,044,989.80 | 6,995,582.46 | | |
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 | | | | | -3,617.68 | -10,453.07 | -14,070.75 | | |
Delinquent Interest | | | | | -391,647.63 | -1,234,561.65 | -1,626,209.28 | | |
Compensating Interest | | | | | 3,617.68 | 10,453.07 | 14,070.75 | | |
Civil Relief Act Shortfalls | | | | | -0.00 | -0.00 | -0.00 | | |
Interest Advanced | | | | | 362,056.22 | 1,147,951.79 | 1,510,008.01 | | |
TOTAL INTEREST COLLECTED | | | | | 1,921,001.24 | 4,958,379.94 | 6,879,381.18 | | |
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INTEREST - WITHDRAWALS | | |
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| | | | | | | | | | Group 2 | Group 1 | Total | | |
TOTAL INTEREST WITHDRAWALS | | | | | 0.00 | 0.00 | 0.00 | | |
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INTEREST - OTHER ACCOUNTS | | |
| |
| | | | | | | | | | Group 2 | Group 1 | Total | | |
Interest from Interest Coverage Account | | | | | 0.00 | 0.00 | 0.00 | | |
Prepayment Charges | | | | | | | | | 271,032.81 | | |
TOTAL INTEREST OTHER ACCOUNTS | | | | | 0.00 | 0.00 | 271,032.81 | | |
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INTEREST - FEES | | |
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| | | | | | | | | | Group 2 | Group 1 | Total | | |
Current Servicing Fees | | | | | 121,800.98 | 276,712.09 | 398,513.07 | | |
Trustee Fees | | | | | 0.00 | 0.00 | 0.00 | | |
TOTAL INTEREST FEES | | | | | 121,800.98 | 276,712.09 | 398,513.07 | | |
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Page 7 of 28 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
| | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
| | | | | | | | | | | | | | | | | |
September 26, 2005 Distribution | |
Credit Enhancement Report | |
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ACCOUNTS | | |
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RESERVE | | | | | | |
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Amount Deposited in the Account | 16,544.04 | | |
Amount Withdrawn | 16,544.04 | | |
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 28 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
| | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
| | | | | | | | | | | | | | | | | |
September 26, 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 | | | | | 794 | 5,542 | 6,336 | | |
Prefunding | | | | | 0 | 0 | 0 | | |
Scheduled Paid Offs | | | | | -0 | -0 | -0 | | |
Full Voluntary Prepayments | | | | | -11 | -68 | -79 | | |
Repurchases | | | | | -0 | -0 | -0 | | |
Liquidations | | | | | -0 | -0 | -0 | | |
Current | | | | | 783 | 5,474 | 6,257 | | |
Principal Balance: | | | | | | | | | | | | | | |
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Original | | | | | 202,276,785.92 | 557,412,462.56 | 759,689,248.48 | | |
Prior | | | | | 363,341,750.08 | 871,972,667.65 | 1,235,314,417.73 | | |
Prefunding | | | | | 0.00 | 0.00 | 0.00 | | |
Scheduled Principal | | | | | -76,561.39 | -354,846.20 | -431,407.59 | | |
Partial Prepayments | | | | | -15,092.61 | -117,149.07 | -132,241.68 | | |
Full Voluntary Prepayments | | | | | -6,021,825.13 | -13,052,078.59 | -19,073,903.72 | | |
Repurchases | | | | | -0.00 | -0.00 | -0.00 | | |
Liquidations | | | | | -0.00 | -0.00 | -0.00 | | |
Current | | | | | 357,228,270.95 | 858,448,593.79 | 1,215,676,864.74 | | |
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PREFUNDING | | |
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| | | | | | | | | | Group 2 | Group 1 | Total | | |
Prefunding Account Original Balance | | | | | 179,729,808.00 | 335,580,943.00 | 515,310,751.00 | | |
Prefunding Account Beginning Balance | | | | | 0.00 | 0.00 | 0.00 | | |
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 | | | | | 0.00 | 0.00 | 0.00 | | |
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Page 9 of 28 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
| | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
| | | | | | | | | | | | | | | | | |
September 26, 2005 Distribution | |
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CHARACTERISTICS | | |
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| | | | | | | | | | Group 2 | Group 1 | Total | | |
Weighted Average Coupon Original | | | | | 6.53900% | 6.88491% | 6.79281% | | |
Weighted Average Coupon Prior | | | | | 6.44468% | 6.94593% | 6.79794% | | |
Weighted Average Coupon Current | | | | | 6.44218% | 6.94286% | 6.79560% | | |
Weighted Average Months to Maturity Original | | | | | 358 | 356 | 357 | | |
Weighted Average Months to Maturity Prior | | | | | 356 | 354 | 355 | | |
Weighted Average Months to Maturity Current | | | | | 355 | 353 | 353 | | |
Weighted Avg Remaining Amortization Term Original | | | | | 358 | 356 | 357 | | |
Weighted Avg Remaining Amortization Term Prior | | | | | 356 | 354 | 355 | | |
Weighted Avg Remaining Amortization Term Current | | | | | 355 | 353 | 354 | | |
Weighted Average Seasoning Original | | | | | 2.19 | 2.19 | 2.19 | | |
Weighted Average Seasoning Prior | | | | | 3.73 | 4.05 | 3.95 | | |
Weighted Average Seasoning Current | | | | | 4.71 | 5.04 | 4.94 | | |
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Page 10 of 28 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
| | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
| | | | | | | | | | | | | | | | | |
September 26, 2005 Distribution | |
| | | | | | | | | | | | | | | | | |
ARM CHARACTERISTICS | | |
| |
| | | | | | | | | | Group 2 | Group 1 | Total | | |
Weighted Average Margin Original | | | | | 5.55112% | 5.78001% | 5.71611% | | |
Weighted Average Margin Prior | | | | | 5.53137% | 5.78263% | 5.70479% | | |
Weighted Average Margin Current | | | | | 5.53108% | 5.78075% | 5.70373% | | |
Weighted Average Max Rate Original | | | | | 12.52761% | 12.82550% | 12.74234% | | |
Weighted Average Max Rate Prior | | | | | 12.43546% | 12.88484% | 12.74563% | | |
Weighted Average Max Rate Current | | | | | 12.43262% | 12.88141% | 12.74298% | | |
Weighted Average Min Rate Original | | | | | 6.52761% | 6.82550% | 6.74234% | | |
Weighted Average Min Rate Prior | | | | | 6.43546% | 6.88484% | 6.74563% | | |
Weighted Average Min Rate Current | | | | | 6.43262% | 6.88141% | 6.74298% | | |
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 | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | Group 2 | Group 1 | Total | |
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Current Servicing Fees | | | | | 121,800.98 | 276,712.09 | 398,513.07 | | |
Delinquent Servicing Fees | | | | | 29,591.42 | 86,609.86 | 116,201.28 | | |
TOTAL SERVICING FEES | | | | | 151,392.40 | 363,321.95 | 514,714.35 | | |
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Total Servicing Fees | | | | | 151,392.40 | 363,321.95 | 514,714.35 | | |
Compensating Interest | | | | | -3,617.68 | -10,453.07 | -14,070.75 | | |
Delinquent Servicing Fees | | | | | -29,591.42 | -86,609.86 | -116,201.28 | | |
COLLECTED SERVICING FEES | | | | | 118,183.30 | 266,259.03 | 384,442.33 | | |
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Total Advaced Interest | | | | | 362,056.22 | 1,147,951.79 | 1,510,008.01 | | |
Total Advaced Principal | | | | | 14,661.97 | 85,272.01 | 99,933.98 | | |
Aggregate Advances with respect to this Distribution | | | | | 376,718.18 | 1,233,223.80 | 1,609,941.98 | | |
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ADDITIONAL COLLATERAL INFORMATION | | |
| | | | | | | | | | Group 2 | Group 1 | Total | | |
Prepayment Interest Shortfall (PPIS) | | | | | 3,617.68 | 10,453.07 | 14,070.75 | | |
Compensating Interest | | | | | -3,617.68 | -10,453.07 | -14,070.75 | | |
Net Prepayment Interest Shortfall (PPIS) | | | | | 0.00 | 0.00 | 0.00 | | |
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Weighted Average Net Mortgage Rate | | | | | 5.942175% | 6.442864% | 6.558882% | | |
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Libor For Current Period | | | | | | | | | 3.641250% | | |
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Libor For Next Period | | | | | | | | | 3.8300% | | |
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Page 11 of 28 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
| | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
| | | | | | | | | | | | | | | | | |
September 26, 2005 Distribution | |
Delinquency Report | |
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| TOTAL | | | | | | | | | | | | |
| | | | | < 1 PAYMENT | 1 PAYMENT | 2 PAYMENTS | 3+ PAYMENTS | TOTAL | | | |
| DELINQUENT | Balance | | | 6,574,133.15 | 195,936.13 | 1,147,182.22 | 7,917,251.50 | | | |
| % Balance | | | 0.54% | 0.02% | 0.09% | 0.65% | | | |
| # Loans | | | 37 | 3 | 3 | 43 | | | |
| % # Loans | | | 0.59% | 0.05% | 0.05% | 0.69% | | | |
| FORECLOSURE | Balance | 224,325.08 | 0.00 | 1,191,376.79 | 2,036,108.92 | 3,451,810.79 | | | |
| % Balance | 0.02% | 0.00% | 0.10% | 0.17% | 0.28% | | | |
| # Loans | 3 | 0 | 8 | 10 | 21 | | | |
| % # Loans | 0.05% | 0.00% | 0.13% | 0.16% | 0.34% | | | |
| BANKRUPTCY | Balance | 1,751,688.80 | 160,000.00 | 0.00 | 320,738.55 | 2,232,427.35 | | | |
| % Balance | 0.14% | 0.01% | 0.00% | 0.03% | 0.18% | | | |
| # Loans | 12 | 1 | 0 | 3 | 16 | | | |
| % # Loans | 0.19% | 0.02% | 0.00% | 0.05% | 0.26% | | | |
| REO | Balance | 0.00 | 0.00 | 0.00 | 278,701.86 | 278,701.86 | | | |
| % Balance | 0.00% | 0.00% | 0.00% | 0.02% | 0.02% | | | |
| # Loans | 0 | 0 | 0 | 1 | 1 | | | |
| % # Loans | 0.00% | 0.00% | 0.00% | 0.02% | 0.02% | | | |
| TOTAL | Balance | 1,976,013.88 | 6,734,133.15 | 1,387,312.92 | 3,782,731.55 | 13,880,191.50 | | | |
| % Balance | 0.16% | 0.55% | 0.11% | 0.31% | 1.14% | | | |
| # Loans | 15 | 38 | 11 | 17 | 81 | | | |
| % # Loans | 0.24% | 0.61% | 0.18% | 0.27% | 1.29% | | | |
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Page 12 of 28 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
| | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
| | | | | | | | | | | | | | | | | |
September 26, 2005 Distribution | |
| | | | | | | | | | | | | | | | | |
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| GROUP 1 | | | | | | | | | | | | |
| | | | | < 1 PAYMENT | 1 PAYMENT | 2 PAYMENTS | 3+ PAYMENTS | TOTAL | | | |
| DELINQUENT | Balance | | | 4,745,311.50 | 195,936.13 | 174,883.01 | 5,116,130.64 | | | |
| % Balance | | | 0.55% | 0.02% | 0.02% | 0.60% | | | |
| # Loans | | | 32 | 3 | 1 | 36 | | | |
| % # Loans | | | 0.58% | 0.05% | 0.02% | 0.66% | | | |
| FORECLOSURE | Balance | 224,325.08 | 0.00 | 755,169.79 | 1,002,262.17 | 1,981,757.04 | | | |
| % Balance | 0.03% | 0.00% | 0.09% | 0.12% | 0.23% | | | |
| # Loans | 3 | 0 | 7 | 8 | 18 | | | |
| % # Loans | 0.05% | 0.00% | 0.13% | 0.15% | 0.33% | | | |
| BANKRUPTCY | Balance | 1,751,688.80 | 160,000.00 | 0.00 | 320,738.55 | 2,232,427.35 | | | |
| % Balance | 0.20% | 0.02% | 0.00% | 0.04% | 0.26% | | | |
| # Loans | 12 | 1 | 0 | 3 | 16 | | | |
| % # Loans | 0.22% | 0.02% | 0.00% | 0.05% | 0.29% | | | |
| REO | Balance | 0.00 | 0.00 | 0.00 | 278,701.86 | 278,701.86 | | | |
| % Balance | 0.00% | 0.00% | 0.00% | 0.03% | 0.03% | | | |
| # Loans | 0 | 0 | 0 | 1 | 1 | | | |
| % # Loans | 0.00% | 0.00% | 0.00% | 0.02% | 0.02% | | | |
| TOTAL | Balance | 1,976,013.88 | 4,905,311.50 | 951,105.92 | 1,776,585.59 | 9,609,016.89 | | | |
| % Balance | 0.23% | 0.57% | 0.11% | 0.21% | 1.12% | | | |
| # Loans | 15 | 33 | 10 | 13 | 71 | | | |
| % # Loans | 0.27% | 0.60% | 0.18% | 0.24% | 1.30% | | | |
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Page 13 of 28 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
| | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
| | | | | | | | | | | | | | | | | |
September 26, 2005 Distribution | |
| | | | | | | | | | | | | | | | | |
| GROUP 2 | | | | | | | | | | | | |
| | | | | < 1 PAYMENT | 1 PAYMENT | 2 PAYMENTS | 3+ PAYMENTS | TOTAL | | | |
| DELINQUENT | Balance | | | 1,828,821.65 | 0.00 | 972,299.21 | 2,801,120.86 | | | |
| % Balance | | | 0.51% | 0.00% | 0.27% | 0.78% | | | |
| # Loans | | | 5 | 0 | 2 | 7 | | | |
| % # Loans | | | 0.64% | 0.00% | 0.26% | 0.89% | | | |
| FORECLOSURE | Balance | 0.00 | 0.00 | 436,207.00 | 1,033,846.75 | 1,470,053.75 | | | |
| % Balance | 0.00% | 0.00% | 0.12% | 0.29% | 0.41% | | | |
| # Loans | 0 | 0 | 1 | 2 | 3 | | | |
| % # Loans | 0.00% | 0.00% | 0.13% | 0.26% | 0.38% | | | |
| 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 | 1,828,821.65 | 436,207.00 | 2,006,145.96 | 4,271,174.61 | | | |
| % Balance | 0.00% | 0.51% | 0.12% | 0.56% | 1.20% | | | |
| # Loans | 0 | 5 | 1 | 4 | 10 | | | |
| % # Loans | 0.00% | 0.64% | 0.13% | 0.51% | 1.28% | | | |
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Page 14 of 28 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
| | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
| | | | | | | | | | | | | | | | | |
September 26, 2005 Distribution | |
REO Report | |
Loan Number | Original | Stated | | Current | State & | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | First | | |
& | Principal | Principal | Paid to | Note | LTV at | Original | Payment | |
| | | | | | | | | | | | | | | | | |
Loan Group | Balance | Balance | Date | Rate | Origination | Term | Date | |
4000250689 1 | |
280,000.00 | 278,701.86 | 01-Apr-2005 | 7.375% | MI - 99.92% | 360 | | 01-Apr-2005 | |
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TOTAL | 280,000.00 | 278,701.86 | | | | | | | | | | | |
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Page 15 of 28 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
| | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
| | | | | | | | | | | | | | | | | |
September 26, 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 | |
35808534 1 | |
172,000.00 | 171,259.76 | 01-Apr-2005 | 7.750% | SC - 99.93% | 360 | | 01-Apr-2005 | |
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35912047 1 | 61,875.00 | 61,875.00 | 01-Apr-2005 | 7.750% | IL - 90.00% | 360 | | 01-Apr-2005 | |
4000163283 1 | 158,100.00 | 156,538.53 | 01-Apr-2005 | 7.625% | MI - 84.49% | 360 | | 01-Sep-2004 | |
4000215192 1 | 68,000.00 | 68,000.00 | 01-Apr-2005 | 8.125% | MI - 85.00% | 360 | | 01-Jan-2005 | |
4000246459 1 | 35,200.00 | 35,079.36 | 01-May-2005 | 8.875% | OH - 79.96% | 360 | | 01-Apr-2005 | |
4000249946 1 | 69,600.00 | 69,600.00 | 01-Apr-2005 | 6.500% | ME - 80.00% | 360 | | 01-Apr-2005 | |
4000251659 1 | 51,200.00 | 50,931.77 | 01-May-2005 | 6.750% | AL - 79.93% | 360 | | 01-Apr-2005 | |
4000253009 1 | 60,000.00 | 59,677.12 | 01-May-2005 | 6.625% | OH - 79.93% | 360 | | 01-Apr-2005 | |
4000256531 1 | 33,300.00 | 33,300.00 | 01-Jul-2005 | 8.250% | IN - 90.00% | 360 | | 01-Jun-2005 | |
4000261883 1 | 172,000.00 | 172,000.00 | 01-Apr-2005 | 7.625% | LA - 80.00% | 360 | | 01-Apr-2005 | |
4000263844 1 | 101,900.00 | 101,899.95 | 01-May-2005 | 8.125% | TX - 100.00% | 360 | | 01-Mar-2005 | |
4000264227 1 | 155,200.00 | 154,238.88 | 01-Mar-2005 | 5.875% | OH - 79.92% | 360 | | 01-Apr-2005 | |
4000266983 1 | 346,750.00 | 344,796.99 | 01-May-2005 | 6.375% | NY - 94.91% | 360 | | 01-Apr-2005 | |
4000267826 1 | 66,000.00 | 65,736.51 | 01-May-2005 | 8.125% | TN - 99.93% | 360 | | 01-Apr-2005 | |
4000268624 1 | | | 97,600.00 | 97,048.09 | 01-May-2005 | 6.375% | TX - 79.93% | 360 | | 01-Apr-2005 | |
4000270286 1 | 148,750.00 | 148,750.00 | 01-Apr-2005 | 8.375% | CO - 85.00% | 360 | | 01-Apr-2005 | |
4000298558 1 | 127,600.00 | 127,177.88 | 01-Jul-2005 | 6.999% | MI - 82.19% | 360 | | 01-Jun-2005 | |
4000316144 1 | 64,000.00 | 63,847.20 | 01-Jul-2005 | 8.625% | MO - 79.91% | 360 | | 01-Jun-2005 | |
35830801 2 | 464,000.00 | 461,848.75 | 01-Apr-2005 | 7.375% | IL - 79.94% | 360 | | 01-Apr-2005 | |
4000260671 2 | 572,000.00 | 571,998.00 | 01-Apr-2005 | 6.999% | CA - 80.00% | 360 | | 01-Apr-2005 | |
4000267574 2 | 438,000.00 | 436,207.00 | 01-May-2005 | 8.000% | NJ - 99.93% | 360 | | 01-Apr-2005 | |
| | | | | | | | | | | | | | | | | |
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TOTAL | 3,463,075.00 | 3,451,810.79 | | | | | | | | | | | |
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Page 16 of 28 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
| | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
| | | | | | | | | | | | | | | | | |
September 26, 2005 Distribution | |
Prepayment Report | |
| | | | | | | | | | | | | | | | | |
VOLUNTARY PREPAYMENTS | | |
| |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | Group 2 | Group 1 | Total | |
| | | | | | | | | | | | | | | | | |
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Current | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
Number of Paid in Full Loans | | | | | 11 | 68 | 79 | | |
Number of Repurchased Loans | | | | | 0 | 0 | 0 | | |
Total Number of Loans Prepaid in Full | | | | | 11 | 68 | 79 | | |
Curtailments Amount | | | | | 15,092.61 | 117,149.07 | 132,241.68 | | |
Paid in Full Balance | | | | | 6,021,825.13 | 13,052,078.59 | 19,073,903.72 | | |
Repurchased Loans Balance | | | | | 0.00 | 0.00 | 0.00 | | |
Total Prepayment Amount | | | | | 6,036,917.74 | 13,169,227.66 | 19,206,145.40 | | |
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Cumulative | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
Number of Paid in Full Loans | | | | | 46 | 178 | 224 | | |
Number of Repurchased Loans | | | | | 0 | 0 | 0 | | |
Total Number of Loans Prepaid in Full | | | | | 46 | 178 | 224 | | |
Paid in Full Balance | | | | | 24,344,912.90 | 32,473,231.28 | 56,818,144.18 | | |
Repurchased Loans Balance | | | | | 0.00 | 0.00 | 0.00 | | |
Curtailments Amount | | | | | 145,765.04 | 629,778.26 | 775,543.30 | | |
Total Prepayment Amount | | | | | 24,490,677.94 | 33,103,009.54 | 57,593,687.48 | | |
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Page 17 of 28 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
| | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
| | | | | | | | | | | | | | | | | |
September 26, 2005 Distribution | |
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VOLUNTARY PREPAYMENTS RATES | | |
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| | | | | | | | | | | Group 2 | Group 1 | Total | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
SMM | | | | | 1.66% | 1.51% | 1.56% | | |
3 Months Avg SMM | | | | | 1.96% | 1.18% | 1.39% | | |
12 Months Avg SMM | | | | | 1.92% | 0.90% | 1.17% | | |
Avg SMM Since Cut-off | | | | | 1.92% | 0.90% | 1.17% | | |
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CPR | | | | | 18.22% | 16.70% | 17.15% | | |
3 Months Avg CPR | | | | | 21.16% | 13.26% | 15.47% | | |
12 Months Avg CPR | | | | | 20.79% | 10.30% | 13.22% | | |
Avg CPR Since Cut-off | | | | | 20.79% | 10.30% | 13.22% | | |
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PSA | | | | | 1,934.02% | 1,657.01% | 1,734.90% | | |
3 Months Avg PSA Approximation | | | | | 2,514.81% | 1,499.40% | 1,774.24% | | |
12 Months Avg PSA Approximation | | | | | 2,887.20% | 1,380.76% | 1,791.19% | | |
Avg PSA Since Cut-off Approximation | | | | | 2,887.20% | 1,380.77% | 1,791.19% | | |
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Page 18 of 28 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
| | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
| | | | | | | | | | | | | | | | | |
September 26, 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 28 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
| | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
| | | | | | | | | | | | | | | | | |
September 26, 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 |
| | |
35824580 1 | | 166,500.00 | 165,904.77 | | 25-Aug-2005 | 7.750% | IL - 89.94% | Paid Off - 360 | 01-Apr-2005 |
|
| | |
35831387 1 | | 144,500.00 | 143,970.34 | | 29-Aug-2005 | 7.625% | IL - 82.99% | Paid Off - 360 | 01-Apr-2005 |
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35831627 1 | | 100,000.00 | 99,654.28 | | 30-Aug-2005 | 7.990% | IL - 74.02% | Paid Off - 360 | 01-Apr-2005 |
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35863208 1 | | 295,000.00 | 293,619.25 | | 16-Aug-2005 | 6.375% | MN - 81.87% | Paid Off - 360 | 01-Apr-2005 |
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35878008 1 | | 190,000.00 | 189,097.11 | | 06-Sep-2005 | 7.250% | CA - 94.85% | Paid Off - 360 | 01-Mar-2005 |
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4000118414 1 | | 192,550.00 | 192,550.00 | | 31-Aug-2005 | 6.375% | AZ - 79.99% | Paid Off - 360 | 01-Apr-2005 |
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4000193611 1 | | 247,500.00 | 247,500.00 | | 08-Sep-2005 | 7.375% | CA - 90.00% | Paid Off - 360 | 01-Dec-2004 |
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4000229967 1 | | 88,500.00 | 87,933.07 | | 08-Sep-2005 | 7.500% | TX - 68.71% | Paid Off - 360 | 01-Feb-2005 |
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4000232413 1 | | 210,800.00 | 210,740.00 | | 12-Sep-2005 | 6.999% | NM - 99.95% | Paid Off - 360 | 01-Feb-2005 |
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4000236037 2 | | 460,000.00 | 457,704.41 | | 19-Aug-2005 | 7.000% | NY - 99.84% | Paid Off - 360 | 01-Mar-2005 |
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4000239397 1 | | 91,750.00 | 91,350.54 | | 24-Aug-2005 | 6.750% | IN - 79.92% | Paid Off - 360 | 01-Apr-2005 |
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4000250357 1 | | 256,500.00 | 256,500.00 | | 31-Aug-2005 | 6.999% | CA - 100.00% | Paid Off - 360 | 01-Mar-2005 |
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4000250425 1 | | 256,000.00 | 254,277.20 | | 23-Aug-2005 | 5.875% | NJ - 79.89% | Paid Off - 360 | 01-Apr-2005 |
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4000250438 1 | | 57,500.00 | 56,975.56 | | 17-Aug-2005 | 7.625% | PA - 90.87% | Paid Off - 360 | 01-Mar-2005 |
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4000253014 2 | | 800,000.00 | 800,000.00 | | 09-Sep-2005 | 5.625% | CA - 74.42% | Paid Off - 360 | 01-Apr-2005 |
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4000254178 1 | | 87,000.00 | 86,677.40 | | 06-Sep-2005 | 7.750% | OR - 99.93% | Paid Off - 360 | 01-Apr-2005 |
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4000255424 1 | | 274,500.00 | 273,333.66 | | 29-Aug-2005 | 6.875% | NJ - 89.92% | Paid Off - 360 | 01-Apr-2005 |
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4000255518 1 | | 124,000.00 | 123,405.08 | | 08-Sep-2005 | 6.250% | MI - 79.92% | Paid Off - 360 | 01-Apr-2005 |
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4000255774 1 | | 160,000.00 | 158,987.42 | | 09-Sep-2005 | 7.500% | OK - 99.88% | Paid Off - 360 | 01-Apr-2005 |
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4000256419 1 | | 200,000.00 | 98,482.69 | | 17-Aug-2005 | 6.250% | MA - 79.91% | Paid Off - 360 | 01-Apr-2005 |
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4000256902 1 | | 150,000.00 | 150,000.00 | | 15-Sep-2005 | 6.500% | MA - 75.00% | Paid Off - 360 | 01-Mar-2005 |
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4000256968 2 | | 502,000.00 | 502,000.00 | | 31-Aug-2005 | 7.375% | GA - 89.64% | Paid Off - 360 | 01-Mar-2005 |
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4000257702 1 | | 94,500.00 | 94,153.49 | | 22-Aug-2005 | 7.625% | FL - 89.93% | Paid Off - 360 | 01-Apr-2005 |
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4000258072 1 | | 265,000.00 | 265,000.00 | | 30-Aug-2005 | 6.375% | CA - 84.13% | Paid Off - 360 | 01-Apr-2005 |
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4000258456 1 | | 196,000.00 | 196,000.00 | | 14-Sep-2005 | 6.625% | WA - 80.00% | Paid Off - 360 | 01-Apr-2005 |
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4000258789 1 | | 200,000.00 | 200,000.00 | | 01-Sep-2005 | 6.500% | MN - 80.00% | Paid Off - 360 | 01-Apr-2005 |
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4000259020 1 | | 232,000.00 | 232,000.00 | | 25-Aug-2005 | 7.125% | CA - 80.00% | Paid Off - 360 | 01-Apr-2005 |
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4000259182 1 | | 338,350.00 | 337,140.46 | | 15-Sep-2005 | 7.750% | MA - 79.93% | Paid Off - 360 | 01-Apr-2005 |
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4000259761 1 | | 233,200.00 | 233,200.00 | | 06-Sep-2005 | 6.250% | NY - 80.00% | Paid Off - 360 | 01-Apr-2005 |
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4000259945 1 | | 108,800.00 | 108,800.00 | | 13-Sep-2005 | 7.250% | FL - 80.00% | Paid Off - 360 | 01-Apr-2005 |
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4000260043 2 | | 400,000.00 | 400,000.00 | | 26-Aug-2005 | 6.625% | CA - 89.09% | Paid Off - 360 | 01-Apr-2005 |
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4000260228 1 | | 162,500.00 | 162,500.00 | | 17-Aug-2005 | 6.875% | MI - 92.86% | Paid Off - 360 | 01-Apr-2005 |
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4000260880 2 | | 522,000.00 | 522,000.00 | | 26-Aug-2005 | 6.375% | GA - 72.00% | Paid Off - 360 | 01-Apr-2005 |
| | |
4000260933 1 | | 180,000.00 | 179,235.18 | | 31-Aug-2005 | 6.875% | RI - 79.93% | Paid Off - 360 | 01-Apr-2005 |
| | |
4000261517 1 | | 157,500.00 | 156,838.92 | | 09-Sep-2005 | 7.875% | FL - 89.88% | Paid Off - 360 | 01-Mar-2005 |
| | |
4000261684 1 | | 156,000.00 | 156,000.00 | | 01-Sep-2005 | 6.999% | MD - 80.00% | Paid Off - 360 | 01-Apr-2005 |
| | |
4000262307 1 | | 337,000.00 | 335,733.77 | | 22-Aug-2005 | 7.500% | NY - 89.80% | Paid Off - 360 | 01-Apr-2005 |
| | | | | | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
Page 20 of 28 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
| | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
| | | | | | | | | | | | | | | | | |
September 26, 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 |
| | |
4000262449 1 | | 164,700.00 | 164,111.24 | | 16-Aug-2005 | 7.750% | WI - 89.94% | Paid Off - 360 | 01-Apr-2005 |
|
| | |
4000262490 1 | | 227,000.00 | 226,884.63 | | 13-Sep-2005 | 6.875% | CA - 70.94% | Paid Off - 360 | 01-Apr-2005 |
| | |
4000262628 1 | | 205,000.00 | 205,000.00 | | 01-Sep-2005 | 8.500% | CA - 100.00% | Paid Off - 360 | 01-Apr-2005 |
| | |
4000262824 1 | | 324,000.00 | 323,999.90 | | 24-Aug-2005 | 6.999% | CA - 90.00% | Paid Off - 360 | 01-Apr-2005 |
| | |
4000263092 1 | | 196,000.00 | 196,000.00 | | 17-Aug-2005 | 6.875% | CA - 80.00% | Paid Off - 360 | 01-Apr-2005 |
| | |
4000263214 1 | | 82,400.00 | 81,997.16 | | 08-Sep-2005 | 6.500% | VA - 79.93% | Paid Off - 360 | 01-Apr-2005 |
| | |
4000264175 1 | | 209,900.00 | 209,900.00 | | 16-Aug-2005 | 8.750% | FL - 100.00% | Paid Off - 360 | 01-Apr-2005 |
| | |
4000265407 2 | | 600,000.00 | 600,000.00 | | 13-Sep-2005 | 6.500% | CA - 80.00% | Paid Off - 360 | 01-Apr-2005 |
| | |
4000265428 1 | | 150,000.00 | 149,515.12 | | 12-Sep-2005 | 8.250% | NY - 99.94% | Paid Off - 360 | 01-Apr-2005 |
| | |
4000265730 1 | | 154,250.00 | 154,192.97 | | 18-Aug-2005 | 7.375% | AZ - 94.95% | Paid Off - 360 | 01-Jun-2005 |
| | |
4000266772 1 | | 116,000.00 | 115,507.09 | | 29-Aug-2005 | 6.875% | OH - 79.93% | Paid Off - 360 | 01-Apr-2005 |
| | |
4000267749 1 | | 315,000.00 | 313,693.59 | | 31-Aug-2005 | 6.999% | MA - 99.92% | Paid Off - 360 | 01-Apr-2005 |
| | |
4000267831 2 | | 580,000.00 | 577,710.23 | | 01-Sep-2005 | 7.250% | MA - 93.48% | Paid Off - 360 | 01-Apr-2005 |
| | |
4000268378 1 | | 175,000.00 | 174,120.19 | | 31-Aug-2005 | 6.000% | MN - 79.47% | Paid Off - 360 | 01-Apr-2005 |
| | |
4000268557 1 | | 246,650.00 | 246,650.00 | | 08-Sep-2005 | 5.750% | FL - 79.98% | Paid Off - 360 | 01-Apr-2005 |
| | |
4000268730 1 | | 318,750.00 | 318,750.00 | | 16-Aug-2005 | 6.250% | CA - 85.00% | Paid Off - 360 | 01-Apr-2005 |
| | |
4000268811 2 | | 570,000.00 | 570,000.00 | | 31-Aug-2005 | 7.500% | MA - 74.51% | Paid Off - 360 | 01-Apr-2005 |
| | |
4000269354 2 | | 416,000.00 | 416,000.00 | | 01-Sep-2005 | 6.375% | CA - 75.64% | Paid Off - 360 | 01-Apr-2005 |
| | |
4000270095 1 | | 194,000.00 | 194,000.00 | | 17-Aug-2005 | 7.375% | MD - 80.00% | Paid Off - 360 | 01-Apr-2005 |
| | |
4000270936 2 | | 600,000.00 | 597,387.82 | | 19-Aug-2005 | 6.750% | CA - 69.30% | Paid Off - 360 | 01-Apr-2005 |
| | |
4000270952 1 | | 51,000.00 | 50,793.63 | | 06-Sep-2005 | 7.125% | MI - 31.65% | Paid Off - 360 | 01-Apr-2005 |
| | |
4000272737 1 | | 224,000.00 | 223,935.20 | | 29-Aug-2005 | 6.875% | CA - 79.98% | Paid Off - 360 | 01-Apr-2005 |
| | |
4000274970 1 | | 138,700.00 | 138,324.68 | | 29-Aug-2005 | 9.125% | IN - 94.95% | Paid Off - 360 | 01-Apr-2005 |
| | |
4000275590 1 | | 213,000.00 | 213,000.00 | | 22-Aug-2005 | 6.625% | CA - 64.55% | Paid Off - 360 | 01-Apr-2005 |
| | |
4000277838 1 | | 91,436.00 | 91,056.84 | | 16-Aug-2005 | 7.000% | GA - 79.93% | Paid Off - 360 | 01-Apr-2005 |
| | |
4000278188 1 | | 212,600.00 | 212,600.00 | | 31-Aug-2005 | 6.500% | CA - 73.31% | Paid Off - 360 | 01-Apr-2005 |
| | |
4000283119 1 | | 300,000.00 | 298,786.12 | | 23-Aug-2005 | 7.125% | MA - 79.94% | Paid Off - 360 | 01-Apr-2005 |
| | |
4000315151 1 | | 358,800.00 | 358,800.00 | | 17-Aug-2005 | 6.750% | CA - 86.46% | Paid Off - 360 | 01-Jul-2005 |
| | |
4000328951 1 | | 100,000.00 | 99,827.32 | | 07-Sep-2005 | 6.750% | IL - 71.37% | Paid Off - 360 | 01-Jul-2005 |
| | |
4000329353 1 | | 324,000.00 | 324,000.00 | | 30-Aug-2005 | 8.375% | CA - 100.00% | Paid Off - 360 | 01-Jul-2005 |
| | |
4000331435 1 | | 137,900.00 | 137,655.99 | | 15-Sep-2005 | 6.625% | MN - 50.84% | Paid Off - 360 | 01-Jul-2005 |
| | |
4000333766 1 | | 174,400.00 | 173,958.86 | | 02-Sep-2005 | 7.125% | NV - 77.38% | Paid Off - 360 | 01-Jun-2005 |
| | |
4000335311 1 | | 189,000.00 | 189,000.00 | | 31-Aug-2005 | 8.750% | IL - 90.00% | Paid Off - 360 | 01-Jul-2005 |
| | |
4000336524 1 | | 67,500.00 | 67,500.00 | | 01-Sep-2005 | 6.750% | MN - 49.27% | Paid Off - 360 | 01-Jul-2005 |
| | |
4000336820 1 | | 199,800.00 | 199,800.00 | | 31-Aug-2005 | 7.999% | OR - 90.00% | Paid Off - 360 | 01-Jul-2005 |
| | |
4000336874 1 | | 315,000.00 | 314,565.01 | | 01-Sep-2005 | 7.875% | IL - 89.94% | Paid Off - 360 | 01-Jul-2005 |
| | |
4000337350 1 | | 132,800.00 | 132,572.47 | | 01-Sep-2005 | 8.000% | FL - 79.95% | Paid Off - 360 | 01-Jul-2005 |
| | |
4000343101 1 | | 170,000.00 | 170,000.00 | | 17-Aug-2005 | 7.000% | VA - 79.81% | Paid Off - 360 | 01-Jul-2005 |
| | | | | | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
Page 21 of 28 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
| | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
| | | | | | | | | | | | | | | | | |
September 26, 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 |
| | |
4000343390 1 | | 209,950.00 | 209,637.40 | | 15-Sep-2005 | 7.500% | IL - 84.94% | Paid Off - 360 | 01-Jul-2005 |
|
| | |
4000357018 1 | | 250,750.00 | 250,367.22 | | 13-Sep-2005 | 7.375% | IL - 84.94% | Paid Off - 360 | 01-Jul-2005 |
| | |
4000362726 2 | | 580,000.00 | 579,022.67 | | 25-Aug-2005 | 6.875% | IL - 79.93% | Paid Off - 360 | 01-Jul-2005 |
| | |
4000368329 1 | | 284,450.00 | 284,015.77 | | 17-Aug-2005 | 7.375% | FL - 79.93% | Paid Off - 360 | 01-Jul-2005 |
| | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
TOTAL | | 19,207,186.00 | 19,073,903.72 | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
Page 22 of 28 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
| | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
| | | | | | | | | | | | | | | | | |
September 26, 2005 Distribution | |
Realized Loss Report | |
| | | | | | | | | | | | | | | | | |
COLLATERAL REALIZED LOSSES | | |
| |
| |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | Group 2 | Group 1 | Total | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
Current | | | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
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 | | |
| | | | | | | | | | | | | | | | | |
Cumulative | | | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
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 | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
Page 23 of 28 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
| | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
| | | | | | | | | | | | | | | | | |
September 26, 2005 Distribution | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
DEFAULT SPEEDS | | |
| |
| |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | Group 2 | Group 1 | Total | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
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% | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
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% | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
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% | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
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% | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
Page 24 of 28 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
| | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
| | | | | | | | | | | | | | | | | |
September 26, 2005 Distribution | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY | | |
| Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance) | |
| |
| |
| |
| Conditional Default Rate (CDR): 1-((1-MDR)^12) | |
| | | | | | | | | | | | | | | | | |
| 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))) | |
| |
| 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))) | | |
| | |
| 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) | |
| |
| Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m) | |
| | | | | | | | | | | | | | | | | |
| 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 25 of 28 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
| | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
| | | | | | | | | | | | | | | | | |
September 26, 2005 Distribution | |
Realized Loss Detail Report | |
Loan Number | | Current | State & | | Prior | Realized | | Cumulative | |
| | | | | | | | | | | | | | | |
& | Loan | Note | LTV at | Original | Principal | Loss/(Gain) | Realized | Realized | |
| | | | | | | | | | | | | | | | | |
Loan Group | Status | Rate | Origination | Term | Balance | Revision | Loss/(Gain) | Loss/(Gain) | |
|
| | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
TOTAL | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
Page 26 of 28 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
| | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
| | | | | | | | | | | | | | | | | |
September 26, 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 | | |
| | | | | | | | | | | | | | | | | |
| | | | | | 60+ days Delinqueny Balance | | | | | | | 5,394,369.55 | | |
| | | | | | Ending Collateral Balance | | | | | | | 1,215,676,864.74 | | |
| | | | | | Delinquency Percentage | | | | | | | 0.4437% | | |
| | | | | | | | | | | | | | | | | |
| | | | | | Senior Enhancement Percentage | | | | | | | 20.7457% | | |
| | | | | | | | | | | | | | | | | |
| | | | | | Cumulative Loss Percentage | | | | | | | 0.0000% | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
ADJUSTABLE RATE CERTIFICATE INFORMATION | | |
| | | | | | | | | | | | | | | | | |
SPACE INTENTIONALLY LEFT BLANK | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
ADDITIONAL INFORMATION | | |
| | | | | | | | | | | | | | | | | |
SPACE INTENTIONALLY LEFT BLANK | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
Page 27 of 28 | | | | | | | | | | | | | | |
First Franklin Mortgage Loan Trust 2005-FF4 | | | | | |
| | | | | | | | | | | | | | | | | |
Mortgage Pass-Through Certificates | | | | | |
| | | | |
2005-FF4 | |
| | | | | | | | | | | | | | | | | |
September 26, 2005 Distribution | |
Additional Certificate Report | |
| | | | | | | | | | | | | | | | | |
ADDITIONAL CERTIFICATE REPORT | | |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | NET WAC Shortfall CarryOver | | NET WAC Shortfall Paid | | |
CLASS | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | I-A-1 | | | | | | | | | | $0.00 | | $0.00 | | |
| | | | | | | | | | | | | | | |
| | | II-A-1 | | | | | | | | | | $0.00 | | $0.00 | | |
| | | | | | | | | | | | | | | |
| | | II-A-2 | | | | | | | | | | $0.00 | | $0.00 | | |
| | | | | | | | | | | | | | | |
| | | II-A-3 | | | | | | | | | | $0.00 | | $0.00 | | |
| | | | | | | | | | | | | | | |
| | | II-A-4 | | | | | | | | | | $0.00 | | $0.00 | | |
| | | | | | | | | | | | | | | |
| | | M-1 | | | | | | | | | | $0.00 | | $0.00 | | |
| | | | | | | | | | | | | | | |
| | | M-2 | | | | | | | | | | $0.00 | | $0.00 | | |
| | | | | | | | | | | | | | | |
| | | M-3 | | | | | | | | | | $0.00 | | $0.00 | | |
| | | | | | | | | | | | | | | |
| | | M-4 | | | | | | | | | | $0.00 | | $0.00 | | |
| | | | | | | | | | | | | | | |
| | | 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 | | ####### | | |
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| | | B-1 | | | | | | | | | | $0.00 | | ####### | | |
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| | | B-2 | | | | | | | | | | $0.00 | | ####### | | |
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