UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 10-K/A

Amendment No. 1

(Mark one)

/X/ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2002

/ / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934

Commission File Number: 333-84929-11

First Franklin Mortgage Loan Trust
Asset Backed Certificates
Series 2002-FFA Trust

(Exact name of registrant as specified in its charter)

New York 52-2365745
52-2365746
52-2365747
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)

c/o Wells Fargo Bank Minnesota, N.A.
9062 Old Annapolis Road
Columbia, Maryland 21045
(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (410) 884-2000

Securities registered pursuant to Section 12(b) of the Act:

NONE.

Securities registered pursuant to Section 12(g) of the Act:

NONE.

Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period
that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.

Yes X No ___

Indicate by check mark if disclosure of delinquent filers pursuant to
Item 405 of Regulation S-K ( 229.405 of this chapter) is not contained
herein, and will not be contained, to the best of registrant's knowledge,
in definitive proxy or information statements incorporated by reference
in Part III of this Form 10-K or any amendment to this Form 10-K.

Not applicable.

State the aggregate market value of the voting and non-voting common
equity held by non-affiliates of the registrant. The aggregate market
value shall be computed by reference to the price at which the common
equity was sold, or the average bid and asked prices of such common
equity, as of a specified date within 60 days prior to the date of
filing. (See definition of affiliate in Rule 405, 17 CFR 230.405.)

Not applicable.

Indicate the number of shares outstanding of each of the registrant's
classes of common stock, as of the latest practicable date.

Not applicable.

List hereunder the following documents if incorporated by reference and
the Part of the Form 10-K (e.g. Part I, Part II, etc..) into which the
document is incorporated: (1)Any annual report to security holders; (2)
Any proxy or information statement; and (3)Any prospectus filed pursuant
to Rule 424(b) or (c) under the Securities Act of 1933. The listed
documents should be clearly described for identification purposes (e.g.
annual report to security holders for fiscal year ended December 24, 1980).

Not applicable.

PART I

Item 1. Business.

Omitted.

Item 2. Properties.

See Item 14(a), Exhibits 99.1, 99.2, and 99.3, for information
provided in lieu of information required by Item 102 of
Regulation S-K.

Item 3. Legal Proceedings.

The registrant knows of no material pending legal proceedings
involving the trusts created under the Pooling and Servicing
Agreement (the Trusts), the Trustee, the Servicer or the
registrant with respect to the Trusts other than routine
litigation incidental to the duties of the respective parties.

Item 4. Submission of Matters to a Vote of Security Holders.

None.

PART II

Item 5. Market for registrant's Common Equity and Related Stockholder
Matters.

No established public trading market for the Certificates exists.

Records provided to the Trust by the DTC and the Trustee
indicate that as of December 31, 2002, the number of holders of
record for each class of Certificate were as follows:

Class A 8
Class C 1
Class M-1 2
Class M-2 2
Class M-3 2
Class P 1
Class R-1 1
Class S-1 1
Class S-2 1

Total: 19

Item 6. Selected Financial Data.

Omitted.

Item 7. Management's Discussion and Analysis of Financial Condition and
Results of Operation.

Omitted.

Item 7A. Quantitative and Qualitative Disclosures about Market Risk.

Not applicable.

Item 8. Financial Statements and Supplementary Data.

See Item 14(a), Exhibits 99.1, 99.2, 99.3, for information
provided in lieu of information required by Item 302 of
Regulation S-K.

Item 9. Changes in and Disagreements with Accountants on Accounting and
Financial Disclosure.

None.

PART III

Item 10. Directors and Executive Officers of the Registrant.

Not applicable.

Item 11. Executive Compensation.

Not applicable.

Item 12. Security Ownership of Certain Beneficial Owners and Management.

Not applicable.

Item 13. Certain Relationships and Related Transactions.

Not applicable.

Item 14. Controls and Procedures.

Not applicable.

PART IV

Item 15. Exhibits, Financial Statement Schedules, and Reports on Form 8-K.

(a) Exhibits

(99.1) Annual Independent Accountants' Servicing Reports concerning
servicing activities for the year ended December 31, 2002.

<s> <c>
a) Fairbankscapital Corp, as Servicer <F1>

(99.2) Report of Management as to Compliance with Minimum Servicing
Standards for the year ended December 31, 2002.

<s> <c>
a) Fairbankscapital Corp, as Servicer <F1>

(99.3) Annual Statements of Compliance under the Pooling and Servicing
Agreements for the year ended December 31, 2002.

<s> <c>
a) Fairbankscapital Corp, as Servicer <F1>

(99.4) Aggregate Statement of Principal and Interest Distributions to
Certificate Holders.

(b) On November 14, 2002, a report on Form 8-K was filed in order to
provide the Pooling and Servicing Agreement for the Certificates.

On November 07, 2002, December 09, 2002 and January 09, 2003 reports on
Form 8-K were filed by the Company in order to provide the statements
for the monthly distributions to holders of the Certificates. No other
reports on Form 8-K have been filed during the last quarter of the
period covered by this report.

(d) Omitted.

<F1> Filed Herewith.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized:

First Franklin Mortgage Loan Trust
Asset Backed Certificates
Series 2002-FFA Trust
(Registrant)

Signed: Financial Asset Securities Corp. as Depositor

By: Joseph N. Walsh III, Managing Director

By: /s/ Joseph N. Walsh III

Dated: July 24, 2003

Sarbanes-Oxley Certification

Re: First Franklin Mortgage Loan Trust 2002-FFA
Mortgage Pass-Through Certificates, Series 2002-FFA

I, Joseph N. Walsh III, certify that:

1. I have reviewed this annual report on Form 10-K, and all reports on Form
8-K containing distribution or servicing reports filed in respect of
periods included in the year covered by this annual report, of Financial
Asset Securities Corp. (the "Registrant");

2. Based on my knowledge, the information in these reports, taken as a whole,
does not contain any untrue statement of a material fact or omit to state a
material fact necessary to make the statements made, in light of the
circumstances under which such statements were made, not misleading as of
the last day of the period covered by this annual report;

3. Based on my knowledge, the distribution information and servicing
information required to be provided to the Trustee by the Servicer under
the Pooling and Servicing Agreement is included in these reports;

4. Based on my knowledge and upon the annual compliance statement included in
the report and required to be delivered to the trustee in accordance with
the terms of the pooling and servicing, or similar, agreement, and except
as disclosed in the reports, the servicer has fulfilled its obligations
under the servicing agreement; and

5. The reports disclose all significant deficiencies relating to the
servicer's compliance with the minimum servicing standards based upon the
report provided by an independent public accountant, after conducting a
review in compliance with the Uniform Single Attestation Program for
Mortgage Bankers or similar procedure, as set forth in the pooling and
servicing, or similar, agreement, that is included in these reports.

In giving the certifications above, I have reasonably relied on
information provided to me by the following unaffiliated parties:
Fairbanks Capital Corporation and Wells Fargo Bank Minnesota, National
Association.

Capitalized terms used but not defined herein have the meanings ascribed
to them in the Pooling and Servicing Agreement, dated September 1, 2002
(the "Pooling and Servicing Agreement"), among the Registrant as Depositor,
Fairbanks Capital Corporation as servicer and Wells Fargo Bank Minnesota,
National Association as trustee.

Date: July 24, 2003

/s/ Joseph N. Walsh III
Signature

Managing Director

Title

SUPPLEMENTAL INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO
SECTION 15(d) OF THE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED
SECURITIES PURSUANT TO SECTION 12 OF THE ACT.

(a)(i) No annual report is provided to the Certificateholders other than
with respect to aggregate principal and interest distributions.

(a)(ii) No proxy statement, form of proxy or other proxy soliciting
material has been sent to any Certificateholder with respect to any
annual or other meeting of Certificateholders.

Ex-99.1 (a)

Ernst & Young

Ernst & Young LLP
725 South Figueroa Street
Los Angeles, California 90017

Phone: (213) 977-3200
www.ey.com

Report on Management's Assertion on Compliance with the Minimum
Servicing Standards Set Forth in the Uniform Single Attestation
Program for Mortgage Bankers

Report of Independent Accountants

Board of Directors
Fairbanks Capital Corp.

We have examined management's assertion, included in the accompanying
report titled Report of Management, that Fairbanks Capital Corp., a
wholly owned subsidiary of Fairbanks Capital Holding Corp., (the
"Company") complied with the minimum servicing standards set forth
in the Mortgage Bankers Association of America's Uniform Single
Attestation Program for Mortgage Bankers ("USAP") during the year
ended December 31, 2002. Management is responsible for the Company's
compliance with those requirements. Our responsibility is to express
an opinion on management's assertion about the Company's compliance
based on our examination.

Our examination was made in accordance with standards established
by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence about
the Company's compliance with those requirements and performing
such other procedures as we considered necessary in the
circumstances. We believe that our examination provides a
reasonable basis for our opinion. Our examination does not provide
a legal determination on the Company's compliance with specified
requirements.

In our opinion, management's assertion that the Company complied
with the aforementioned requirements during the year ended
December 31, 2002, is fairly stated, in all material respects.

/s/ Ernst & Young LLP

January, 20 2003

Ernst & Young LLP is a member of Ernst & Young International, Ltd.

Ex-99.2 (a)

Fairbanks Capital Corp.

Management's Assertion on Compliance with the Minimum
Servicing Standards Set Forth in the Uniform Single
Attestation Program for Mortgage Bankers

Report of Management

We, as members of management of Fairbanks Capital Corp.
(the "Company"), are responsible for complying with the
minimum servicing standards as set forth in the Mortgage
Bankers Association of America's Uniform Single Attestation
Program for Mortgage Bankers ("USAP"). We are also
responsible for establishing and maintaining effective
internal control over compliance with these standards. We
have performed an evaluation of the Bank's compliance with the
minimum servicing standards as set forth in the USAP as of
December 31, 2002 and for the year then ended. Based on
this evaluation, we assert that during the year ended
December, 31 2002, the Company complied, in all material
respects, with the minimum servicing standards set forth in
the USAP.

As of and for the same period, the Bank had in effect a fidelity
bond in the amount of $38,000,000 and an errors and omissions
policy in the amount of $10,000,000.

/s/ Thomas D. Basmajian
Thomas D. Basmajian
Chief Executive Officer

/s/ Anthony O'Boyle Beirne
Anthony O'Boyle Beirne
Executive Vice President and
Chief Financial Officer

/s/ Barbara K. Wing
Barbara K. Wing
Controller

January, 20 2003

3815 South West Temple * Salt Lake City, Utah 84115-4417
P.O. Box 65250 * Salt Lake City, Utah 84165-0250
Telephone (801) 293-1883 * Fax (801) 293-1297

Ex-99.3 (a)

FAIRBANKS CAPITAL CORP.

Agreement: Financial Asset Securities Corp., Depositor Fairbanks Capital Corp.,
Servicer and Wells Fargo Bank Minnesota, National Association,
Trustee - Pooling and Servicing Agreement - First Franklin Mortgage
Loan Trust 2002-FFA

Dated: 09/01/2002

ANNUAL OFFICER'S CERTIFICATION AS TO COMPLIANCE

I, William P. Garland, certify that Fairbanks Capital Corp. has performed and
fulfilled its duties, responsibilities and obligations contained in the above
referenced agreement, in all material respects throughout the year ended
12/31/2002. I also certify that to the best of my knowledge, based on my
review, the Fairbanks Capital Corp. has fulfilled all its obligations under the
above referenced Agreement and complied with the minimum standards set forth in
the Uniform Single Attestation Program for Mortgage Bankers in all material
respects for such year,

February 7, 2003

/s/ William P. Garland
William P. Garland
President
Fairbanks Capital Corp.

3815 South West Temple * Salt Lake City, Utah 84115-4412
P.O. Box 65250 * Salt Lake City, Utah 84165-0250
Telephone (801) 293-1883 * Facsimile (801) 293-1297

Ex-99.4
Schedule of Year-To-Date Principal and Interest Distributions to
Certificateholders

Class Interest Principal Losses Ending Balance
<s> <c> <c> <c> <c>
A 1,183,619.22 12,619,181.49 0.00 222,638,818.50
AMBAC 57,872.04 0.00 0.00 0.00
C 0.00 0.00 0.00 6,086,673.12
M-1 145,250.67 0.00 0.00 21,517,000.00
M-2 126,459.16 0.00 0.00 15,779,000.00
M-3 143,965.25 0.00 0.00 14,344,000.00
P 160,968.36 0.00 0.00 100.00
R-1 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00
R-3 0.00 0.00 0.00 0.00
S-1 143,445.00 0.00 0.00 0.00
S-2 143,445.00 0.00 0.00 0.00
SPREAD 0.00 0.00 0.00 0.00
X 0.00 0.00 0.00 0.00