-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RvqGLJoYXVIt8aWDpRBOmytccfWh24bknnj57B9q2haPiP7EGgM6f4Tv2Z1GGugc uYnGKv5jhIhiZ1Vz0/st8Q== 0001056404-05-001061.txt : 20050208 0001056404-05-001061.hdr.sgml : 20050208 20050208081112 ACCESSION NUMBER: 0001056404-05-001061 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040825 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050208 DATE AS OF CHANGE: 20050208 FILER: COMPANY DATA: COMPANY CONFORMED NAME: First Franklin Mortgage Loan Trust 2004-FF4 CENTRAL INDEX KEY: 0001294271 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 333-108395-03 FILM NUMBER: 05582147 BUSINESS ADDRESS: STREET 1: 200 PARK AVE. CITY: NEW YORK STATE: NY ZIP: 10166 8-K/A 1 ffm04ff4_10408.txt AUGUST 8K/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 FORM 8-K/A CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 25, 2004 FIRST FRANKLIN MORTGAGE LOAN TRUST Mortgage Pass-Through Certificates, Series 2004-FF4 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-108395-03 54-2155129 Pooling and Servicing Agreement) (Commission 54-2155130 (State or other File Number) 54-6621652 jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events Subsequent to filing the 8-K relating to the payment date on August 25, 2004, a revision was made to the FIRST FRANKLIN MORTGAGE LOAN TRUST, Mortgage Pass- Through Certificates, Series 2004-FF4 which was not included in the original8-K filed. The 8-K is being amended due to changes to the original cap payments. This revision was not previously disclosed in a 1934 Act filing. The revised data has been and will continue to be available on the Wells Fargo Bank, website at www.ctslink.com. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Amended monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-FF4 Trust, relating to the August 25, 2004 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FIRST FRANKLIN MORTGAGE LOAN TRUST Mortgage Pass-Through Certificates, Series 2004-FF4 Trust (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 1/31/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Amended monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-FF4 Trust, relating to the August 25, 2004 distribution. EX-99.1
First Franklin Mortgage Loan Trust Mortgage Pass-Through Certificates Record Date: 7/31/2004 Distribution Date: 8/25/2004 First Franklin Mortgage Loan Trust Mortgage Pass-Through Certificates Series 2004-FF4 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A-1 32027NJS1 SEN 1.82500% 308,571,605.69 469,285.98 3,881,713.03 A-2 32027NJK8 SEN 1.74000% 222,601,624.40 322,772.36 2,324,305.27 M-1 32027NJL6 MEZ 2.02000% 34,358,000.00 57,835.97 0.00 M-2 32027NJM4 MEZ 2.70000% 30,793,000.00 69,284.25 0.00 M-3 32027NJN2 MEZ 2.95000% 9,724,000.00 23,904.83 0.00 B-1 32027NJP7 SUB 3.40000% 6,483,000.00 18,368.50 0.00 B-2 32027NJQ5 SUB 3.70000% 8,103,000.00 24,984.25 0.00 B-3 32027NJR3 SUB 5.20000% 8,104,000.00 35,117.33 0.00 X FFM04FF4X SEN 0.00000% 12,641,310.47 2,151,404.22 0.00 P FFM04FF4P SEN 0.00000% 0.00 120,754.70 0.00 R FFM4FF4R1 SEN 0.00000% 0.00 0.00 0.00 Totals 641,379,540.56 3,293,712.39 6,206,018.30
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 304,689,892.66 4,350,999.01 0.00 A-2 0.00 220,277,319.13 2,647,077.63 0.00 M-1 0.00 34,358,000.00 57,835.97 0.00 M-2 0.00 30,793,000.00 69,284.25 0.00 M-3 0.00 9,724,000.00 23,904.83 0.00 B-1 0.00 6,483,000.00 18,368.50 0.00 B-2 0.00 8,103,000.00 24,984.25 0.00 B-3 0.00 8,104,000.00 35,117.33 0.00 X 0.00 12,641,310.47 2,151,404.22 0.00 P 0.00 0.00 120,754.70 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 635,173,522.26 9,499,730.69 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.
Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A-1 310,523,000.00 308,571,605.69 164,767.59 3,716,945.44 0.00 0.00 A-2 227,543,000.00 222,601,624.40 97,270.93 2,227,034.34 0.00 0.00 M-1 34,358,000.00 34,358,000.00 0.00 0.00 0.00 0.00 M-2 30,793,000.00 30,793,000.00 0.00 0.00 0.00 0.00 M-3 9,724,000.00 9,724,000.00 0.00 0.00 0.00 0.00 B-1 6,483,000.00 6,483,000.00 0.00 0.00 0.00 0.00 B-2 8,103,000.00 8,103,000.00 0.00 0.00 0.00 0.00 B-3 8,104,000.00 8,104,000.00 0.00 0.00 0.00 0.00 X 12,641,331.77 12,641,310.47 0.00 0.00 0.00 0.00 P 0.00 0.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 648,272,331.77 641,379,540.56 262,038.52 5,943,979.78 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A-1 3,881,713.03 304,689,892.66 0.98121522 3,881,713.03 A-2 2,324,305.27 220,277,319.13 0.96806898 2,324,305.27 M-1 0.00 34,358,000.00 1.00000000 0.00 M-2 0.00 30,793,000.00 1.00000000 0.00 M-3 0.00 9,724,000.00 1.00000000 0.00 B-1 0.00 6,483,000.00 1.00000000 0.00 B-2 0.00 8,103,000.00 1.00000000 0.00 B-3 0.00 8,104,000.00 1.00000000 0.00 X 0.00 12,641,310.47 0.99999832 0.00 P 0.00 0.00 0.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 6,206,018.30 635,173,522.26 0.97979428 6,206,018.30
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 310,523,000.00 993.71578173 0.53061316 11.96995211 0.00000000 A-2 227,543,000.00 978.28377230 0.42748373 9.78731202 0.00000000 M-1 34,358,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 30,793,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 9,724,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 6,483,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 8,103,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 8,104,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 12,641,331.77 999.99831505 0.00000000 0.00000000 0.00000000 P 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 All Classes per $25,000 denomination.
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-1 0.00000000 12.50056527 981.21521646 0.98121522 12.50056527 A-2 0.00000000 10.21479575 968.06897655 0.96806898 10.21479575 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 999.99831505 0.99999832 0.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A-1 310,523,000.00 1.82500% 308,571,605.69 469,285.98 0.00 0.00 A-2 227,543,000.00 1.74000% 222,601,624.40 322,772.36 0.00 0.00 M-1 34,358,000.00 2.02000% 34,358,000.00 57,835.97 0.00 0.00 M-2 30,793,000.00 2.70000% 30,793,000.00 69,284.25 0.00 0.00 M-3 9,724,000.00 2.95000% 9,724,000.00 23,904.83 0.00 0.00 B-1 6,483,000.00 3.40000% 6,483,000.00 18,368.50 0.00 0.00 B-2 8,103,000.00 3.70000% 8,103,000.00 24,984.25 0.00 0.00 B-3 8,104,000.00 5.20000% 8,104,000.00 35,117.33 0.00 0.00 X 12,641,331.77 0.00000% 12,641,310.47 0.00 0.00 0.00 P 0.00 0.00000% 0.00 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 648,272,331.77 1,021,553.47 0.00 0.00
Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A-1 0.00 0.00 469,285.98 0.00 304,689,892.66 A-2 0.00 0.00 322,772.36 0.00 220,277,319.13 M-1 0.00 0.00 57,835.97 0.00 34,358,000.00 M-2 0.00 0.00 69,284.25 0.00 30,793,000.00 M-3 0.00 0.00 23,904.83 0.00 9,724,000.00 B-1 0.00 0.00 18,368.50 0.00 6,483,000.00 B-2 0.00 0.00 24,984.25 0.00 8,103,000.00 B-3 0.00 0.00 35,117.33 0.00 8,104,000.00 X 0.00 0.00 2,151,404.22 0.00 12,641,310.47 P 0.00 0.00 120,754.70 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 3,293,712.39 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A-1 310,523,000.00 1.82500% 993.71578173 1.51127607 0.00000000 0.00000000 A-2 227,543,000.00 1.74000% 978.28377230 1.41851149 0.00000000 0.00000000 M-1 34,358,000.00 2.02000% 1000.00000000 1.68333343 0.00000000 0.00000000 M-2 30,793,000.00 2.70000% 1000.00000000 2.25000000 0.00000000 0.00000000 M-3 9,724,000.00 2.95000% 1000.00000000 2.45833299 0.00000000 0.00000000 B-1 6,483,000.00 3.40000% 1000.00000000 2.83333333 0.00000000 0.00000000 B-2 8,103,000.00 3.70000% 1000.00000000 3.08333333 0.00000000 0.00000000 B-3 8,104,000.00 5.20000% 1000.00000000 4.33333292 0.00000000 0.00000000 X 12,641,331.77 0.00000% 999.99831505 0.00000000 0.00000000 0.00000000 P 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 All Classes are per $25,000 denomination.
Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A-1 0.00000000 0.00000000 1.51127607 0.00000000 981.21521646 A-2 0.00000000 0.00000000 1.41851149 0.00000000 968.06897655 M-1 0.00000000 0.00000000 1.68333343 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.25000000 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 2.45833299 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 2.83333333 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 3.08333333 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 4.33333292 0.00000000 1000.00000000 X 0.00000000 0.00000000 170.18809878 0.00000000 999.99831505 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 9,707,098.56 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 120,754.70 Total Deposits 9,827,853.26 Withdrawals Reimbursement for Servicer Advances 59,812.13 Payment of Service Fee 268,310.44 Payment of Interest and Principal 9,499,730.69 Total Withdrawals (Pool Distribution Amount) 9,827,853.26 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES Gross Servicing Fee 267,241.47 Trustee Fee 1,068.97 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 268,310.44
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Financial Guaranty 0.00 16.00 0.00 0.00 Reserve Fund 16.00 0.00 16.00 32.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 64 0 0 0 64 11,923,802.31 0.00 0.00 0.00 11,923,802.31 60 Days 26 0 0 0 26 3,941,201.65 0.00 0.00 0.00 3,941,201.65 90 Days 1 0 0 0 1 133,907.37 0.00 0.00 0.00 133,907.37 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 91 0 0 0 91 15,998,911.33 0.00 0.00 0.00 15,998,911.33 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.084012% 0.000000% 0.000000% 0.000000% 2.084012% 1.877251% 0.000000% 0.000000% 0.000000% 1.877251% 60 Days 0.846630% 0.000000% 0.000000% 0.000000% 0.846630% 0.620492% 0.000000% 0.000000% 0.000000% 0.620492% 90 Days 0.032563% 0.000000% 0.000000% 0.000000% 0.032563% 0.021082% 0.000000% 0.000000% 0.000000% 0.021082% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 2.963204% 0.000000% 0.000000% 0.000000% 2.963204% 2.518825% 0.000000% 0.000000% 0.000000% 2.518825%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 6.440319% Weighted Average Net Coupon 5.940319% Weighted Average Pass-Through Rate 5.938319% Weighted Average Maturity(Stepdown Calculation ) 353 Beginning Scheduled Collateral Loan Count 3,095 Number Of Loans Paid In Full 24 Ending Scheduled Collateral Loan Count 3,071 Beginning Scheduled Collateral Balance 641,379,540.57 Ending Scheduled Collateral Balance 635,173,522.26 Ending Actual Collateral Balance at 31-Jul-2004 635,173,522.26 Monthly P &I Constant 3,704,279.11 Special Servicing Fee 0.00 Prepayment Penalties 120,754.70 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 262,038.52 Unscheduled Principal 5,943,979.79
Miscellaneous Reporting Extra Principal Distribution 0.00 Overcollateralized Amount 12,641,310.47 Overcollateralized Target Amount 12,641,310.47 Overcollateralized Deficiency Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized Reduction Amount 0.00 Trigger Event Not in Trigger Stepdown Date Not in Stepdown Cap Payment 16
Group Level Collateral Statement Group Group 1 Group 2 Total Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 6.478540 6.387478 6.440319 Weighted Average Net Rate 5.978540 5.887478 5.940319 Weighted Average Maturity 352 354 353 Beginning Loan Count 2,195 900 3,095 Loans Paid In Full 19 5 24 Ending Loan Count 2,176 895 3,071 Beginning Scheduled Balance 372,172,209.84 269,207,330.73 641,379,540.57 Ending scheduled Balance 368,290,496.80 266,883,025.46 635,173,522.26 Record Date 07/31/2004 07/31/2004 07/31/2004 Principal And Interest Constant 2,174,044.86 1,530,234.25 3,704,279.11 Scheduled Principal 164,767.59 97,270.93 262,038.52 Unscheduled Principal 3,716,945.45 2,227,034.34 5,943,979.79 Scheduled Interest 2,009,277.27 1,432,963.32 3,442,240.59 Servicing Fees 155,071.75 112,169.72 267,241.47 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 620.29 448.68 1,068.97 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 1,853,585.23 1,320,344.92 3,173,930.15 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 5.976540 5.885478 5.938319
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