EX-99.1 2 ffml7ffa_200702ex991.htm FIRST FRANKLIN 2007-FFA MONTHLY INVESTOR REPORT - FEBRUARY 2007 Unassociated Document
Content:
Pages
Contact Information:
2/26/2007
Statement to Certificate Holders
2
Analyst:
Orasio Becerra
714.259.6243
Statement to Certificate Holders (Factors)
3
orasio.becerra@abnamro.com
Pool/Non-Pool Funds Cash Reconciliation
4
Administrator:
Robert Waddell
312.904.6257
Cash Reconciliation Summary
5
robert.waddell@abnamro.com
Pool Detail and Performance Indicators
6
LaSalle Website:
www.etrustee.net
Bond Interest Reconciliation Part I
7
3/26/2007
Bond Interest Reconciliation Part II
8
Bond Principal Reconciliation
9
Outside Parties To The Transaction
Rating Information
10
1/31/2007
15 Month Loan Status Summary Part I
11
15 Month Loan Status Summary Part II
12
15 Month Historical Payoff Summary
13
Prepayment Summary
14
Mortgage Loan Characteristics Part I
15
Mortgage Loan Characteristics Part II
16-18
Geographic Concentration
19
2/8/2007
Current Period Realized Loss Detail
20
Historical Realized Loss Summary
21
Realized Loss Summary
22
2/26/2007
Servicemembers Civil Relief Act
23
Material Breaches Detail
24
Modified Loan Detail
25
Collateral Asset Changes
26
1/25/2028
Historical Collateral Level REO Report
27
Substitution Detail History
28
Substitution Detail History Summary
29
2/15/2007
First Franklin Mortgage Loan Trust
Mortgage Loan Asset-Backed Certificates
Series 2007-FFA
Distribution Date: 26-Feb-07
ABN AMRO Acct : 724465.1
Payment Date:
26-Feb-07
Prior Payment:
N/A
Next Payment:
26-Mar-07
Record Date:
8-Feb-07
Distribution Count:
Depositor: Merrill Lynch Mortgage Investors, Inc.
1
Underwriter: Merrill Lynch, Pierce, Fenner & Smith, Inc.
Closing Date:
8-Feb-07
Master Servicer: Home Loan Services
First Pay. Date:
Rating Agency: Moody's Investors Service, Inc./Standard & Poor's Rating Services
26-Feb-07
Rated Final
Payment Date:
25-Jan-28
Determination Date:
15-Feb-07
Delinq Method:
OTS
26-Feb-2007 11:55
(c) 2006 LaSalle Bank N.A.
A-1
32027AAA7
347,014,000.00
347,014,000.00
6,887,767.62
0.00
0.00
340,126,232.38
947,348.22
0.00
5.4600000000%
M-1
32027AAB5
22,984,000.00
22,984,000.00
0.00
0.00
0.00
22,984,000.00
65,274.56
0.00
5.6800000000%
M-2
32027AAC3
25,732,000.00
25,732,000.00
0.00
0.00
0.00
25,732,000.00
73,336.20
0.00
5.7000000000%
M-3
32027AAD1
10,992,000.00
10,992,000.00
0.00
0.00
0.00
10,992,000.00
31,437.12
0.00
5.7200000000%
M-4
32027AAE9
10,742,000.00
10,742,000.00
0.00
0.00
0.00
10,742,000.00
31,527.77
0.00
5.8700000000%
M-5
32027AAF6
9,493,000.00
9,493,000.00
0.00
0.00
0.00
9,493,000.00
28,336.61
0.00
5.9700000000%
M-6
32027AAG4
8,744,000.00
8,744,000.00
0.00
0.00
0.00
8,744,000.00
26,975.24
0.00
6.1700000000%
B-1
32027AAH2
7,245,000.00
7,245,000.00
0.00
0.00
0.00
7,245,000.00
25,611.08
0.00
7.0700000000%
B-2
32027AAJ8
6,745,000.00
6,745,000.00
0.00
0.00
0.00
6,745,000.00
26,372.95
0.00
7.8200000000%
B-3
32027AAK5
7,994,000.00
7,994,000.00
0.00
0.00
0.00
7,994,000.00
31,256.54
0.00
7.8200000000%
B-4
32027AAL3/U32019AA6
9,243,000.00
9,243,000.00
0.00
0.00
0.00
9,243,000.00
37,295.51
0.00
8.0700000000%
B-5
32027AAM1/U32019AB4
19,236,000.00
19,236,000.00
0.00
0.00
0.00
19,236,000.00
80,021.76
0.00
8.3200000000%
C
32027AAN9
499,661,412.30 N
499,661,412.30
0.00
0.00
0.00
495,585,274.16
0.00
(2,811,856.87)
N/A
P
32027AAP4
0.00
0.00
0.00
0.00
0.00
0.00
6,000.00
6,000.00
N/A
R
32027AAQ2
100.00
100.00
100.00
0.00
0.00
0.00
0.27
0.00
5.4600000000%
Total
486,164,100.00
486,164,100.00
6,887,867.62
0.00
0.00
479,276,232.38
1,410,793.82
(2,805,856.87)
Total P&I Payment
8,298,661.44
Principal
Adjustment or Loss
Class
CUSIP
Beginning
Certificate Balance
Principal Payment
Original Face Value
(1)
(1)
N denotes notional balance not included in total
(2)
Accrued Interest plus/minus Interest Adjustment minus Deferred Interest equals Interest Payment
Interest
Adjustment
Bond Payment
First Franklin Mortgage Loan Trust
Mortgage Loan Asset-Backed Certificates
Series 2007-FFA
Distribution Date: 26-Feb-07
Pass-Through
Rate
Deferred Interest
Ending Certificate
Balance
Interest Payment
(2)
26-Feb-2007 11:55
Page 2 of 29
(c) 2006 LaSalle Bank N.A.
A-1
32027AAA7
347,014,000.00
1000.000000000
19.848673598
0.000000000
0.000000000
980.151326402
2.730000000
0.000000000
5.46000000%
M-1
32027AAB5
22,984,000.00
1000.000000000
0.000000000
0.000000000
0.000000000
1000.000000000
2.840000000
0.000000000
5.68000000%
M-2
32027AAC3
25,732,000.00
1000.000000000
0.000000000
0.000000000
0.000000000
1000.000000000
2.850000000
0.000000000
5.70000000%
M-3
32027AAD1
10,992,000.00
1000.000000000
0.000000000
0.000000000
0.000000000
1000.000000000
2.860000000
0.000000000
5.72000000%
M-4
32027AAE9
10,742,000.00
1000.000000000
0.000000000
0.000000000
0.000000000
1000.000000000
2.935000000
0.000000000
5.87000000%
M-5
32027AAF6
9,493,000.00
1000.000000000
0.000000000
0.000000000
0.000000000
1000.000000000
2.985000000
0.000000000
5.97000000%
M-6
32027AAG4
8,744,000.00
1000.000000000
0.000000000
0.000000000
0.000000000
1000.000000000
3.085000000
0.000000000
6.17000000%
B-1
32027AAH2
7,245,000.00
1000.000000000
0.000000000
0.000000000
0.000000000
1000.000000000
3.535000000
0.000000000
7.07000000%
B-2
32027AAJ8
6,745,000.00
1000.000000000
0.000000000
0.000000000
0.000000000
1000.000000000
3.910000000
0.000000000
7.82000000%
B-3
32027AAK5
7,994,000.00
1000.000000000
0.000000000
0.000000000
0.000000000
1000.000000000
3.910000000
0.000000000
7.82000000%
B-4
32027AAL3/U32019AA6
9,243,000.00
1000.000000000
0.000000000
0.000000000
0.000000000
1000.000000000
4.035000000
0.000000000
8.07000000%
B-5
32027AAM1/U32019AB4
19,236,000.00
1000.000000000
0.000000000
0.000000000
0.000000000
1000.000000000
4.160000000
0.000000000
8.32000000%
C
32027AAN9
499,661,412.30 N
1000.000000000
0.000000000
0.000000000
0.000000000
991.842199458
0.000000000
(5.627524565)
N/A
P
32027AAP4
0.00
0.000000000
0.000000000
0.000000000
0.000000000
0.000000000
0.000000000
0.000000000
N/A
R
32027AAQ2
100.00
1000.000000000
1000.000000000
0.000000000
0.000000000
0.000000000
2.730000000
0.000000000
N/A
* Per $1,000 of Original Face Value ** Estimated
First Franklin Mortgage Loan Trust
Next Rate **
Deferred Interest *
Ending Certificate
Balance *
Interest Payment *
Interest Adjustment*
Statement to Certificate Holders (FACTORS)
Distribution Date: 26-Feb-07
Series 2007-FFA
Mortgage Loan Asset-Backed Certificates
Bond Payment
Principal
Adjustment or
Loss
Original Face
Value
Class
CUSIP
Beginning Certificate
Balance *
Principal Payment
*
26-Feb-2007 11:55
Page 3 of 29
(c) 2006 LaSalle Bank N.A.
Interest Summary
Principal Summary
Supplemental Interest Trust
Interest Summary
Principal Summary
Net Swap Payments received
0.00
Scheduled Interest
4,424,842.72
Scheduled Prin Distribution
178,142.60
Net Swap Payments paid
0.00
Fees
208,192.03
Curtailments
53,433.17
Remittance Interest
4,216,650.69
Prepayments in Full
3,844,562.37
Swap Termination Payments received
0.00
Other Interest Proceeds/Shortfalls
Liquidation Proceeds
0.00
Swap Termination Payments paid
0.00
Prepayment Penalties
6,000.00
Repurchase Proceeds
0.00
Other Interest Loss
0.00
Other Principal Proceeds
0.00
Defaulted Swap Termination Payments
0.00
Other Interest Proceeds
0.00
Remittance Principal
4,076,138.14
Non-advancing Interest
0.00
Non-Supported Interest Shortfall
0.00
Cap Contract Payment
0.00
Relief Act Shortfall
(127.38)
Modification Shortfall
0.00
Corridor Contract Payment
0.00
Other Interest Proceeds/Shortfalls
5,872.62
Interest Adjusted
4,222,523.31
Fee Summary
Total Servicing Fees
208,192.03
Total Trustee Fees
0.00
LPMI Fees
0.00
Credit Manager's Fees
0.00
Unpaid Serv Fees (Charged-off Loans)
0.00
Misc. Fees / Trust Expense
0.00
Insurance Premium
0.00
Total Fees
208,192.03
Advances (Principal & Interest)
Prior Month's Outstanding Advances
N/A
Current Advances
N/A
Reimbursement of Prior Advances
N/A
Outstanding Advances
N/A
P&I Due Certificate Holders
8,298,661.45
First Franklin Mortgage Loan Trust
Mortgage Loan Asset-Backed Certificates
Series 2007-FFA
Pool Source of Funds
Non-Pool Source of Funds
P&I Advances as of the end of the Due Period do not reflect the amount of advances remitted by the Servicer on the Servicer Remittance Date due to additional proceeds received between the end of the Due Period and the Servicer Remittance Date and netted from the P&I Advances stated as of the end
of the Due Period.
Distribution Date: 26-Feb-07
Cash Reconciliation Summary
26-Feb-2007 11:55
Page 4 of 29
(c) 2006 LaSalle Bank N.A.
Total
Interest Summary
Scheduled Interest
4,424,842.72
4,424,842.72
Fees
208,192.03
208,192.03
Remittance Interest
4,216,650.69
4,216,650.69
Other Interest Proceeds/Shortfalls
Prepayment Penalties
6,000.00
6,000.00
Other Interest Loss
(127.38)
(127.38)
Other Interest Proceeds
0.00
0.00
Non-advancing Interest
0.00
0.00
Net PPIS/Relief Act Shortfall
0.00
0.00
Modification Shortfall
0.00
0.00
Other Interest Proceeds/Shortfalls
5,872.62
5,872.62
Interest Adjusted
4,222,523.31
4,222,523.31
Principal Summary
Scheduled Principal Distribution
178,142.60
178,142.60
Curtailments
53,433.17
53,433.17
Prepayments in Full
3,844,562.37
3,844,562.37
Liquidation Proceeds
0.00
0.00
Repurchase Proceeds
0.00
0.00
Other Principal Proceeds
0.00
0.00
Less Mod Losses
0.00
0.00
Remittance Principal
4,076,138.14
4,076,138.14
Fee Summary
Total Servicing Fees
208,192.03
208,192.03
Total Trustee Fees
0.00
0.00
LPMI Fees
0.00
0.00
Misc. Fees
0.00
0.00
Total Fees
208,192.03
208,192.03
Beginning Principal Balance
499,661,412.30
499,661,412.30
Ending Principal Balance
495,585,274.16
495,585,274.16
First Franklin Mortgage Loan Trust
Mortgage Loan Asset-Backed Certificates
Series 2007-FFA
Distribution Date: 26-Feb-07
Cash Reconciliation Summary
26-Feb-2007 11:55
Page 5 of 29
(c) 2006 LaSalle Bank N.A.
Pool Detail
Performance Indicators
Factors Impacting Principal Payment Rules
WA Rates/Life
Historical
Amount
Count
Delinquency Levels
Num
Den
%
Fixed
Adj
Overall
Cut-off Pool Balance
499,661,412.30
9,262
3 mo. Rolling Average
0
499,661,412
0.00%
WAC - Remit Current
10.13%
N/A
10.13%
Cum Scheduled Principal
178,142.60
6 mo. Rolling Average
0
499,661,412
0.00%
WAC - Remit Original
10.13%
N/A
10.13%
Cum Unscheduled Principal
3,897,995.54
12 mo. Rolling Average
0
499,661,412
0.00%
WAC - Current
10.63%
N/A
10.63%
Cum Liquidations
0.00
Loss Levels
Amount
Count
WAC - Original
10.63%
N/A
10.63%
Cum Repurchases
0.00
3 mo. Cum Loss
0.00
0
WAL - Current
195.77
N/A
195.77
6 mo. Cum loss
0.00
0
WAL - Original
195.77
N/A
195.77
Current
Amount
Count
%
12 mo. Cum Loss
0.00
0
Beginning Pool
499,661,412.30
9,262
100.00%
Current Index Rate
Scheduled Principal
178,142.60
0.04%
Triggers
Next Index Rate
Unscheduled Principal
3,897,995.54
48
0.78%
Liquidations
0.00
0
0.00%
> Delinquency Trigger Event
(2)
NO
Prepayment Charges
Repurchases
0.00
0
0.00%
Delinquency Event Calc
(1)
0.00
499,661,412
0.00%
Amount
Count
Ending Pool
495,585,274.16
9,214
99.18%
Current
12
> Loss Trigger Event?
(3)
NO
Cumulative
12
Ending Actual Balance
495,725,874.86
Cumulative Loss
0
0.00%
Average Loan Balance
53,786.12
> Overall Trigger Event?
NO
Pool Composition
Current Loss Detail
Amount
Step Down Date
Liquidation
0.00
Distribution Count
1
Properties
%/Score
Realized Loss
0.00
Required Percentage
(4)
N/A
Cut-off LTV
99.49%
Realized Loss Adjustment
0.00
Step Down %
(5)
36.20%
Cash Out/Refinance
7.73%
Net Liquidation
0.00
% of Required Percentage
(6)
13.10%
SFR
63.94%
Credit Enhancement
Amount
%
> Step Down Date?
NO
Min
Max
WA
Original OC
13,497,312.30
2.70%
Extra Principal
2,811,729.48
FICO
600
814
666.55
Target OC
20,236,287.20
4.05%
Cumulative Extra Principal
2,811,729.48
Beginning OC
13,497,312.30
OC Release
N/A
Ending OC
16,309,041.78
Most Senior Certificates
347,014,100.00
First Franklin Mortgage Loan Trust
Mortgage Loan Asset-Backed Certificates
Series 2007-FFA
Distribution Date: 26-Feb-07
Pool Detail and Performance Indicators Total (All Loans)
Misc/Additional Information
Pool Level Information
5.320000%
5.320000%
6,000.00
6,000.00
Balance
497,136,990.78
100.00%
Legend: (1) 60 Days+, REO, BK, F/C % (3) Condn: Cum Loss > specified thresholds (5) Defined Benchmark
(2) (1) > (6) * (4), then TRUE (4) (Ending Pool Bal - Most Senior Certs) / Ending Pool Bal (6) Defined Benchmark (Used in Delinq Event Calc)
Note: Delinquency and Loss Event Triggers may be flagged as "Yes" prior to the Step Down Date on account of the percentage thresholds being breached.
38,631,795.59
319,464,167.76
Owner Occupied
499,661,412.30
26-Feb-2007 11:55
Page 6 of 29
(c) 2006 LaSalle Bank N.A.
A-1
Act/360
18
347,014,000.00
5.460000000%
947,348.22
0.00
0.00
947,348.22
947,348.22
0.00
0.00
0.00
0.00
No
M-1
Act/360
18
22,984,000.00
5.680000000%
65,274.56
0.00
0.00
65,274.56
65,274.56
0.00
0.00
0.00
0.00
No
M-2
Act/360
18
25,732,000.00
5.700000000%
73,336.20
0.00
0.00
73,336.20
73,336.20
0.00
0.00
0.00
0.00
No
M-3
Act/360
18
10,992,000.00
5.720000000%
31,437.12
0.00
0.00
31,437.12
31,437.12
0.00
0.00
0.00
0.00
No
M-4
Act/360
18
10,742,000.00
5.870000000%
31,527.77
0.00
0.00
31,527.77
31,527.77
0.00
0.00
0.00
0.00
No
M-5
Act/360
18
9,493,000.00
5.970000000%
28,336.61
0.00
0.00
28,336.61
28,336.61
0.00
0.00
0.00
0.00
No
M-6
Act/360
18
8,744,000.00
6.170000000%
26,975.24
0.00
0.00
26,975.24
26,975.24
0.00
0.00
0.00
0.00
No
B-1
Act/360
18
7,245,000.00
7.070000000%
25,611.08
0.00
0.00
25,611.08
25,611.08
0.00
0.00
0.00
0.00
No
B-2
Act/360
18
6,745,000.00
7.820000000%
26,372.95
0.00
0.00
26,372.95
26,372.95
0.00
0.00
0.00
0.00
No
B-3
Act/360
18
7,994,000.00
7.820000000%
31,256.54
0.00
0.00
31,256.54
31,256.54
0.00
0.00
0.00
0.00
No
B-4
Act/360
18
9,243,000.00
8.070000000%
37,295.51
0.00
0.00
37,295.51
37,295.51
0.00
0.00
0.00
0.00
No
B-5
Act/360
18
19,236,000.00
8.320000000%
80,021.76
0.00
0.00
80,021.76
80,021.76
0.00
0.00
0.00
0.00
No
C
499,661,412.30
N/A
2,811,856.87
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
No
P
0.00
N/A
0.00
6,000.00
0.00
6,000.00
6,000.00
0.00
0.00
0.00
0.00
N/A
R
Act/360
18
100.00
N/A
0.27
0.00
0.00
0.27
0.27
0.00
0.00
0.00
0.00
No
Total
486,164,100.00
4,216,650.69
6,000.00
0.02
1,410,793.82
1,410,793.82
0.00
0.00
0.02
0.00
Interest Payment
Amount
Interest Carry-
Forward Amount
Interest Carry-
Forward Amount
Net Cap
Rate in
Effect Y/N
Total Interest
Deductions
Method
Days
Floating Rate
Certficate Carry-
Over
Floating Rate
Certficate Carry-
Over
Class
Accrual
Certificate
Interest
Distribution Date: 26-Feb-07
Pass-Thru Rate
Total Interest
Additions
Distributable
Certificate Interest
Bond Interest Reconciliation
Opening Balance
- - Accrual - -
First Franklin Mortgage Loan Trust
Mortgage Loan Asset-Backed Certificates
Series 2007-FFA
- - - - - Outstanding - - - -
- - - - - - Recovered - - - - - -
26-Feb-2007 11:55
Page 7 of 29
(c) 2006 LaSalle Bank N.A.
A-1
8-Feb-07
8-Feb-07
26-Feb-07
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
M-1
8-Feb-07
8-Feb-07
26-Feb-07
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
M-2
8-Feb-07
8-Feb-07
26-Feb-07
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
M-3
8-Feb-07
8-Feb-07
26-Feb-07
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
M-4
8-Feb-07
8-Feb-07
26-Feb-07
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
M-5
8-Feb-07
8-Feb-07
26-Feb-07
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
M-6
8-Feb-07
8-Feb-07
26-Feb-07
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
B-1
8-Feb-07
8-Feb-07
26-Feb-07
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
B-2
8-Feb-07
8-Feb-07
26-Feb-07
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
B-3
8-Feb-07
8-Feb-07
26-Feb-07
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
B-4
8-Feb-07
8-Feb-07
26-Feb-07
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
B-5
8-Feb-07
8-Feb-07
26-Feb-07
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
C
8-Feb-07
1-Jan-07
31-Jan-07
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
P
8-Feb-07
1-Jan-07
31-Jan-07
0.00
0.00
0.00
6,000.00
0.00
0.00
0.00
0.00
0.00
0.00
R
8-Feb-07
8-Feb-07
26-Feb-07
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Total
0.00
0.00
0.00
6,000.00
0.00
0.00
0.00
0.00
0.02
0.00
First Franklin Mortgage Loan Trust
Interest Carry-
Forward
(2)
Floating Rate
Cartificate Carry-
Over
(1)
Other Interest Proceeds are additional interest amounts specifically allocated to the bond(s) and used in determining the bonds Distributable Interest.
(2)
Interest Carry-Forward Shortfall is unpaid interest with interest thereon.
- - - - - - - - - - - - - - - - - - - - - - - - - - - Additions - - - - - - - - - - - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - Deductions - - - - - - - - - -
Bond Interest Reconciliation - Part II
Non-Supported
Interest Shortfall
Prepayment
Premiums
Record Date
Class
Supplemental
Interest Trust
Payments From
Cap Contracts
Interest Carry-
Forward
Distribution Date: 26-Feb-07
Mortgage Loan Asset-Backed Certificates
Series 2007-FFA
Prior Interest Due
Date
Current Interest
Due Date
Floating Rate
Cartificate Carry-
Over
Other Interest
Proceeds
(1)
Payment from
Corridor Contracts
26-Feb-2007 11:55
Page 8 of 29
(c) 2006 LaSalle Bank N.A.
A-1
347,014,000.00
347,014,000.00
178,042.60
1,086,266.06
2,811,729.48
0.00
0.00
0.00
0.00
340,126,232.38
25-Jan-28
30.55%
31.37%
M-1
22,984,000.00
22,984,000.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
22,984,000.00
25-Jan-28
25.95%
26.73%
M-2
25,732,000.00
25,732,000.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
25,732,000.00
25-Jan-28
20.80%
21.54%
M-3
10,992,000.00
10,992,000.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
10,992,000.00
25-Jan-28
18.60%
19.32%
M-4
10,742,000.00
10,742,000.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
10,742,000.00
25-Jan-28
16.45%
17.15%
M-5
9,493,000.00
9,493,000.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
9,493,000.00
25-Jan-28
14.55%
15.24%
M-6
8,744,000.00
8,744,000.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
8,744,000.00
25-Jan-28
12.80%
13.47%
B-1
7,245,000.00
7,245,000.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
7,245,000.00
25-Jan-28
11.35%
12.01%
B-2
6,745,000.00
6,745,000.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
6,745,000.00
25-Jan-28
10.00%
10.65%
B-3
7,994,000.00
7,994,000.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
7,994,000.00
25-Jan-28
8.40%
9.04%
B-4
9,243,000.00
9,243,000.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
9,243,000.00
25-Jan-28
6.55%
7.17%
B-5
19,236,000.00
19,236,000.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
19,236,000.00
25-Jan-28
2.70%
3.29%
C
499,661,412.30
499,661,412.30
0.00
0.00
0.00
0.00
0.00
0.00
0.00
495,585,274.16
25-Jan-28
N/A
N/A
P
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
25-Jan-28
N/A
N/A
R
100.00
100.00
100.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
25-Jan-28
30.55%
N/A
Total
486,164,100.00
486,164,100.00
178,142.60
1,086,266.06
2,811,729.48
0.00
0.00
0.00
0.00
479,276,232.38
Scheduled Principal
Payment
Cumulative
Losses
- - - - - - - - - - - - - - - - Losses - - - - - - - - - - - - - - -
Extra
Principal
Payment
Prior
Loss
Reimburs.
Distribution Date: 26-Feb-07
Bond Principal Reconciliation
Unscheduled
Principal
Payment
First Franklin Mortgage Loan Trust
Mortgage Loan Asset-Backed Certificates
Series 2007-FFA
Current
Original
Interest on
Losses
Ending
Class Balance
Rated
Final
Maturity
- Credit Support -
Class
Original Class
Balance
Beginning Class
Balance
Current
Losses
26-Feb-2007 11:55
Page 9 of 29
(c) 2006 LaSalle Bank N.A.
Class
CUSIP
Fitch
Moody's
DBRS
S&P
A-1
32027AAA7
NR
Aaa
NR
AAA
M-1
32027AAB5
NR
Aa1
NR
AA+
M-2
32027AAC3
NR
Aa2
NR
AA
M-3
32027AAD1
NR
Aa3
NR
AA-
M-4
32027AAE9
NR
A1
NR
A+
M-5
32027AAF6
NR
A2
NR
A
M-6
32027AAG4
NR
A3
NR
A-
B-1
32027AAH2
NR
Baa1
NR
BBB+
B-2
32027AAJ8
NR
Baa2
NR
BBB
B-3
32027AAK5
NR
Baa3
NR
BBB-
B-4
32027AAL3
NR
Ba1
NR
BB+
B-5
32027AAM1
NR
NR
NR
BB
C
32027AAN9
NR
NR
NR
NR
P
32027AAP4
NR
NR
NR
NR
R
32027AAQ2
NR
NR
NR
AAA
DBRS
NR - Designates that the class was not rated by the rating agency.
(1)
Changed ratings provided on this report are based on information provided by the applicable rating agency via electronic transmission. It shall be understood that this transmission will generally have been provided to LaSalle within 30 days of the payment
date listed on this statement. Because ratings may have changed during the 30 day window, or may not be being provided by the rating agency in an electronic format and therefore not being updated on this report, LaSalle recommends that investors obtain
current rating information directly from the rating agency.
- - - - - - - - - - - - Original Ratings - - - - - - - - - -
Fitch
Moody's
S&P
- - - - - - - - - - - - - - - - Ratings Change / Change Date
(1)
- - - - - - - - - - - - - - - -
Distribution Date: 26-Feb-07
Ratings Information
First Franklin Mortgage Loan Trust
Mortgage Loan Asset-Backed Certificates
Series 2007-FFA
26-Feb-2007 11:55
Page 10 of 29
(c) 2006 LaSalle Bank N.A.
Count
Balance
Count
Balance
Count
Balance
Count
Balance
Count
Balance
Count
Balance
Count
Balance
26-Feb-07
9,201
494,266,170
13
1,319,104
0
0
0
0
0
0
0
0
0
0
26-Feb-07
99.86%
99.73%
0.14%
0.27%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
First Franklin Mortgage Loan Trust
Mortgage Loan Asset-Backed Certificates
Series 2007-FFA
Distribution Date: 26-Feb-07
Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I (as of Cut-Off)
Distribution
Date
Current
Delinq 1 Month
Delinq 2 Months
Delinq 3+ Months
Bankruptcy
Foreclosure
REO
Total (All Loans)
Total (All Loans)
Delinquency Balances are Exclusive of REO, Foreclosures and Bankruptcies.
26-Feb-2007 11:55
Page 11 of 29
(c) 2006 LaSalle Bank N.A.
#
Balance
#
Balance
#
Balance
#
Balance
#
Balance
#
Balance
#
Balance
#
Balance
#
Balance
#
Balance
#
Balance
#
Balance
26-Feb-07
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
26-Feb-07
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
First Franklin Mortgage Loan Trust
Mortgage Loan Asset-Backed Certificates
Series 2007-FFA
Distribution Date: 26-Feb-07
Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II (as of Cut-Off)
- - - - - - - - - - - In Foreclosure and Delinquent - - - - - - - - - - - - -
- - - - - - - - - - - - - - - In REO and Delinquent - - - - - - - - - - - - - -
- - - - - - - - - - - - - In Bankruptcy and Delinquent - - - - - - - - - - - - -
Distribution
Date
Current
31-60 Days
61-90 Days
90 + Days
Current
31-60 Days
61-90 Days
90 + Days
Total (All Loans)
Total (All Loans)
61-90 Days
90 + Days
Current
31-60 Days
26-Feb-2007 11:55
Page 12 of 29
(c) 2006 LaSalle Bank N.A.
Insurance
Substitution
Liquidation
Remaining Term
#
Balance
#
Balance
Proceeds
Proceeds
Proceeds
#
Amount
Life
Coupon
Remit
26-Feb-07
9,214
495,585,274
48
3,844,562
0.00
0.00
0.00
0
0
196
10.63%
10.13%
First Franklin Mortgage Loan Trust
Mortgage Loan Asset-Backed Certificates
Series 2007-FFA
Distribution Date: 26-Feb-07
Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary
Curr Weighted Avg.
Total (All Loans)
Distribution
Date
Ending Pool
Payoffs
Realized Losses
26-Feb-2007 11:55
Page 13 of 29
(c) 2006 LaSalle Bank N.A.
SMM (Single Monthly Mortality)
Total
Current Period
0.78%
3-Month Average
0.78%
6-Month Average
0.78%
12-Month Average
0.78%
Average Since Cut-Off
0.78%
CPR (Conditional Prepayment Rate)
Total
Current Period
8.97%
3-Month Average
8.97%
6-Month Average
8.97%
12-Month Average
8.97%
Average Since Cut-Off
8.97%
PSA (Public Securities Association)
Total
Current Period
150%
3-Month Average
150%
6-Month Average
150%
12-Month Average
150%
Average Since Cut-Off
150%
SMM
Single Monthly Mortality
(Partial and Full Prepayments + Repurchases + Curtailments + Liquidations + Other Prin Proceeds) / (Beginning Collateral Bal - Scheduled Prin)
CPR
Conditional Prepayment Rate
1 - (1 - SMM)^12)
PSA
Public Securities Association
100 * CPR / (0.2 * MIN(30,WAS))
WAS
Weighted Average Seasoning
(Original Term - Remaining Term) * (Current Scheduled Balance / Deal Scheduled Principal Balance)
First Franklin Mortgage Loan Trust
Mortgage Loan Asset-Backed Certificates
Series 2007-FFA
Distribution Date: 26-Feb-07
Prepayment Summary
0.00%
2.43%
4.86%
7.29%
9.71%
12.14%
14.57%
17.00%
Mar-06
Apr-06
May-06
Jun-06
Jul-06
Aug-06
Sep-06
Oct-06
Nov-06
Dec-06
Jan-07
Feb-07
0.00%
14.29%
28.57%
42.86%
57.14%
71.43%
85.71%
100.00%
Mar-06
Apr-06
May-06
Jun-06
Jul-06
Aug-06
Sep-06
Oct-06
Nov-06
Dec-06
Jan-07
Feb-07
0%
229%
457%
686%
914%
1143%
1371%
1600%
Mar-06
Apr-06
May-06
Jun-06
Jul-06
Aug-06
Sep-06
Oct-06
Nov-06
Dec-06
Jan-07
Feb-07
26-Feb-2007 11:55
Page 14 of 29
(c) 2006 LaSalle Bank N.A.
Min
Max
Count
% of Total
Balance
% of Total
Min
Max
Count
% of Total
Balance
% of Total
0
to
21,000
912
9.90%
15,566,307
3.14%
0
to
21,000
914
9.87%
15,615,176
3.13%
21,000
to
25,000
657
7.13%
15,285,329
3.08%
21,000
to
25,000
656
7.08%
15,269,281
3.06%
25,000
to
29,000
815
8.85%
22,070,361
4.45%
25,000
to
29,000
817
8.82%
22,136,202
4.43%
29,000
to
33,000
763
8.28%
23,733,334
4.79%
29,000
to
33,000
765
8.26%
23,805,148
4.76%
33,000
to
37,000
738
8.01%
25,932,072
5.23%
33,000
to
37,000
743
8.02%
26,119,151
5.23%
37,000
to
42,000
720
7.81%
28,424,640
5.74%
37,000
to
42,000
723
7.81%
28,553,082
5.71%
42,000
to
54,000
1,413
15.34%
67,657,561
13.65%
42,000
to
54,000
1,419
15.32%
67,970,802
13.60%
54,000
to
66,000
853
9.26%
50,950,086
10.28%
54,000
to
66,000
860
9.29%
51,388,817
10.28%
66,000
to
78,000
597
6.48%
42,912,446
8.66%
66,000
to
78,000
599
6.47%
43,071,001
8.62%
78,000
to
90,000
483
5.24%
40,563,032
8.18%
78,000
to
90,000
486
5.25%
40,814,680
8.17%
90,000
to
103,000
351
3.81%
33,836,970
6.83%
90,000
to
103,000
357
3.85%
34,414,093
6.89%
103,000
to
339,000
912
9.90%
128,653,136
25.96%
103,000
to
339,000
923
9.97%
130,503,979
26.12%
9,214
100.00%
495,585,274
100.00%
9,262
100.00%
499,661,412
100.00%
Min
Max
Count
% of Total
Balance
% of Total
Min
Max
Count
% of Total
Balance
% of Total
7.38%
to
9.19%
816
8.86%
37,395,498
7.55%
7.38%
to
9.19%
816
8.81%
37,423,161
7.49%
9.19%
to
9.47%
436
4.73%
25,429,134
5.13%
9.19%
to
9.47%
439
4.74%
25,670,265
5.14%
9.47%
to
9.75%
645
7.00%
44,036,438
8.89%
9.47%
to
9.75%
648
7.00%
44,613,565
8.93%
9.75%
to
10.03%
1,406
15.26%
66,542,508
13.43%
9.75%
to
10.03%
1,410
15.22%
67,017,716
13.41%
10.03%
to
10.31%
619
6.72%
42,314,110
8.54%
10.03%
to
10.31%
622
6.72%
42,550,416
8.52%
10.31%
to
10.60%
795
8.63%
41,279,252
8.33%
10.31%
to
10.60%
806
8.70%
41,926,635
8.39%
10.60%
to
10.91%
744
8.07%
41,725,036
8.42%
10.60%
to
10.91%
746
8.05%
41,949,557
8.40%
10.91%
to
11.20%
606
6.58%
35,713,466
7.21%
10.91%
to
11.20%
609
6.58%
35,980,437
7.20%
11.20%
to
11.50%
996
10.81%
48,392,140
9.76%
11.20%
to
11.50%
1,000
10.80%
48,742,317
9.76%
11.50%
to
11.80%
630
6.84%
34,477,349
6.96%
11.50%
to
11.80%
635
6.86%
34,869,830
6.98%
11.80%
to
12.14%
574
6.23%
33,185,499
6.70%
11.80%
to
12.14%
580
6.26%
33,525,418
6.71%
12.14%
to
13.66%
947
10.28%
45,094,844
9.10%
12.14%
to
13.66%
951
10.27%
45,392,093
9.08%
9,214
100.00%
495,585,274
100.00%
9,262
100.00%
499,661,412
100.00%
Distribution Date: 26-Feb-07
Mortgage Loan Characteristics Part I
Distribution by Current Ending Principal Balance
Distribution by Current Mortgage Rate
Distribution by Cut-off Principal Balance
Distribution by Original Mortgage Rate
First Franklin Mortgage Loan Trust
Mortgage Loan Asset-Backed Certificates
Series 2007-FFA
26-Feb-2007 11:55
Page 15 of 29
(c) 2006 LaSalle Bank N.A.
9,214
495,585,274
100.00%
195.77
10.63%
9,262
499,661,412
100.00%
198.50
10.63%
9,214
495,585,274
100.00%
9,262
499,661,412
100.00%
6,168
317,542,605
64.07%
195.94
10.64%
6,197
319,464,168
63.94%
198.61
10.64%
1,936
113,459,825
22.89%
196.53
10.55%
1,949
114,978,469
23.01%
199.43
10.55%
750
37,505,336
7.57%
196.97
10.67%
753
37,773,075
7.56%
199.57
10.67%
307
23,782,419
4.80%
188.82
10.78%
309
23,953,569
4.79%
191.43
10.78%
53
3,295,088
0.66%
189.20
10.48%
54
3,492,133
0.70%
194.62
10.44%
9,214
495,585,274
100.00%
9,262
499,661,412
100.00%
Total
Distribution by Property Types (Cut-off)
Fixed 2nd Lien
Product Type
Distribution by Property Types (Current)
Total
WAMM
WAC
Distribution by Product Characteristics (Cut-off)
Product Type
# of Loans
Original Principal
Balance
% of
Balance
Distribution by Product Characteristics (Current)
Mortgage Loan Characteristics Part II
First Franklin Mortgage Loan Trust
Mortgage Loan Asset-Backed Certificates
Series 2007-FFA
Distribution Date: 26-Feb-07
WAMM
WAC
# of
Loans
Ending Balance
% of
Balance
WAMM
WAC
Property Type
# of
Loans
Ending Balance
% of
Balance
Property Type
# of Loans
Ending Balance
% of
Balance
WAMM
WAC
Fixed 2nd Lien
Total
SF Unattached Dwelling
PUD
Condo - Low Facility
Multifamily
Condo - High Facility
Total
Condo - High Facility
SF Unattached Dwelling
PUD
Condo - Low Facility
Multifamily
26-Feb-2007 11:55
Page 16 of 29
(c) 2006 LaSalle Bank N.A.
Mortgage Loan Characteristics Part II
First Franklin Mortgage Loan Trust
Mortgage Loan Asset-Backed Certificates
Series 2007-FFA
Distribution Date: 26-Feb-07
9,214
495,585,274
100.00%
195.77
10.63%
9,262
499,661,412
100.00%
198.50
10.63%
9,214
495,585,274
100.00%
9,262
499,661,412
100.00%
8,446
457,375,898
92.29%
195.16
10.64%
8,488
461,029,617
92.27%
197.87
10.64%
628
32,993,204
6.66%
202.93
10.40%
633
33,376,588
6.68%
205.88
10.41%
140
5,216,172
1.05%
203.73
10.47%
141
5,255,207
1.05%
206.72
10.47%
9,214
495,585,274
100.00%
9,262
499,661,412
100.00%
Distribution by Occupancy Type (Current)
Occupancy Type
# of
Loans
Ending Balance
% of
Balance
WAMM
WAC
Owner Occupied - Primary Residence
Owner Occupied - Primary Residence
Distribution by Occupancy Type (Cut-off)
Occupancy Type
# of Loans
Ending Balance
% of
Balance
WAMM
WAC
Total
Distribution by Loan Purpose (Current)
Total
WAMM
WAC
Purchase
Refinance/Equity Takeout
Loan Purpose
# of
Loans
Ending Balance
% of
Balance
Refinance/No Cash Out
Total
Distribution by Loan Purpose (Cut-off)
Loan Purpose
# of Loans
Ending Balance
% of
Balance
WAMM
WAC
Purchase
Refinance/Equity Takeout
Refinance/No Cash Out
Total
26-Feb-2007 11:55
Page 17 of 29
(c) 2006 LaSalle Bank N.A.
Mortgage Loan Characteristics Part II
First Franklin Mortgage Loan Trust
Mortgage Loan Asset-Backed Certificates
Series 2007-FFA
Distribution Date: 26-Feb-07
9,214
495,585,274
100.00%
195.77
10.63%
9,262
499,661,412
100.00%
198.50
10.63%
Ending Balance
% of
Balance
WAMM
WAC
Distribution by Originator Concentration > 10% (Current)
Distribution by Originator Concentration > 10% (Cut-off)
Originator
# of
Loans
Ending Balance
% of
Balance
WAMM
WAC
Originator
# of Loans
First Franklin
First Franklin
26-Feb-2007 11:55
Page 18 of 29
(c) 2006 LaSalle Bank N.A.
WAMM
WAC
California
1,683
160,696,607
32.43%
208
10.43%
Florida
1,008
54,456,694
10.99%
185
10.70%
Texas
838
25,970,909
5.24%
191
9.88%
New York
348
25,741,914
5.19%
187
11.10%
Maryland
264
19,276,314
3.89%
181
11.20%
Georgia
417
16,839,848
3.40%
186
10.96%
Illinois
343
16,771,417
3.38%
209
11.00%
Oregon
292
13,723,911
2.77%
200
10.21%
Utah
298
12,173,008
2.46%
180
10.99%
Nevada
185
11,726,846
2.37%
196
10.68%
Remaining
3,538
138,207,807
27.89%
191
10.72%
WAMM
WAC
California
1,699
162,826,553
32.59%
211
10.43%
Florida
1,009
54,581,559
10.92%
187
10.70%
Texas
839
26,026,532
5.21%
193
9.88%
New York
351
25,949,480
5.19%
190
11.10%
Maryland
267
19,478,540
3.90%
184
11.19%
Illinois
346
16,945,996
3.39%
211
10.99%
Georgia
420
16,915,656
3.39%
188
10.96%
Oregon
294
13,825,391
2.77%
202
10.22%
Utah
300
12,269,357
2.46%
183
11.00%
Nevada
187
11,952,074
2.39%
198
10.70%
Remaining
3,550
138,890,274
27.80%
194
10.72%
First Franklin Mortgage Loan Trust
Mortgage Loan Asset-Backed Certificates
Series 2007-FFA
Distribution Date: 26-Feb-07
Geographic Concentration
Top 10 Current State Concentration
Geographic Distribution
# of
Loans
Balance
(1)
% of
Balance
(1)
Based on Current Period Ending Principal Balance
Top 10 Original State Concentration
Geographic Distribution
# of
Loans
Balance
(1)
% of
Balance
Top 10 Current State Concentration
California
New York
Texas
Florida
Nevada
Utah
Oregon
Illinois
Georgia
Maryland
Remaining
26-Feb-2007 11:55
Page 19 of 29
(c) 2006 LaSalle Bank N.A.
B
C
L
O
P
REO
Settled
Third Party
R
X
T

1
2
3
Loan-to-Value
Net Liquidation
Proceeds
Disclosure Control #
Subsequent
Recov/(Exp)
Loss-Certs Non-
adjusted
Occ Type Code - Legend
Primary
Secondary
Investment
Liq. Type Code - Legend
BK Discharged
Charge-off
Retain Lien
Loan Sale
Paid in Full
Current Period Realized Loss Detail
Loss-Certs Adjusted
Loss Severity
Original Liquidation
Balance
Occ Type
Liq Type
Lien Position
Distribution Date: 26-Feb-07
First Franklin Mortgage Loan Trust
Mortgage Loan Asset-Backed Certificates
Series 2007-FFA
FICO
26-Feb-2007 11:55
Page 20 of 29
(c) 2006 LaSalle Bank N.A.
Distribution Date
Beginning Scheduled
Balance
Net Liquidation
Proceeds
Realized Loss
Loan Count
Realized Loss
Adjusted
Cumulative
Realized Loss
Amount
Count
Amount
Count
Amount
Count
26-Feb-07
0.00
0.00
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0.00
Total
0.00
0.00
0.00
0
0.00
0
0.00
0
0.00
0
0.00
Distribution Date: 26-Feb-07
Historical Realized Loss Summary
First Franklin Mortgage Loan Trust
Mortgage Loan Asset-Backed Certificates
Series 2007-FFA
- - - - - - - - - - - - - - - - - Current Realized Loss - - - - - - - - - - - - - - - - -
Total (All Loans)
Recovery on Prior
Liquidations
Claims on Prior Liquidations
(Claims)/Recoveries on
Prior Payoffs
- - - - - - - - - - - - - - Previous Liquidations/Payoffs - - - - - - - - - - - - - -
26-Feb-2007 11:55
Page 21 of 29
(c) 2006 LaSalle Bank N.A.
MDR (monthly Default Rate)
Total
Current Period
0.00%
3-Month Average
0.00%
6-Month Average
0.00%
12-Month Average
0.00%
Average Since Cut-Off
0.00%
CDR (Conditional Default Rate)
Total
Current Period
0.00%
3-Month Average
0.00%
6-Month Average
0.00%
12-Month Average
0.00%
Average Since Cut-Off
0.00%
SDA (Standard Default Assumption)
Total
Current Period
0.00%
3-Month Average
0.00%
6-Month Average
0.00%
12-Month Average
0.00%
Average Since Cut-Off
0.00%
MDR
Monthly Default Rate
(Beginning Principal Balance of Liquidated Loans) / (Total Beginning Principal Balance)
CDR
Conditional Default Rate
1 - (1 - MDR)^
12
SDA
Standard Default Assumption
If WAS=30 then CDR/(WAS*0.02) else if 30<WAS=60 then CDR/0.6 else if 60<WAS=120 then CDR/(0.6-((WAS-60)*0.0095)) else if WAS>120 then CDR/0.03
WAS
Weighted Average Seasoning
(Original Term - Remaining Term) * (Current Scheduled Balance / Deal Scheduled Principal Balance)
First Franklin Mortgage Loan Trust
Mortgage Loan Asset-Backed Certificates
Series 2007-FFA
Distribution Date: 26-Feb-07
Realized Loss Summary
0.00%
0.86%
1.71%
2.57%
3.43%
4.29%
5.14%
6.00%
Mar-06
Apr-06
May-06
Jun-06
Jul-06
Aug-06
Sep-06
Oct-06
Nov-06
Dec-06
Jan-07
Feb-07
0.00%
7.14%
14.29%
21.43%
28.57%
35.71%
42.86%
50.00%
Mar-06
Apr-06
May-06
Jun-06
Jul-06
Aug-06
Sep-06
Oct-06
Nov-06
Dec-06
Jan-07
Feb-07
0%
286%
571%
857%
1143%
1429%
1714%
2000%
Mar-06
Apr-06
May-06
Jun-06
Jul-06
Aug-06
Sep-06
Oct-06
Nov-06
Dec-06
Jan-07
Feb-07
26-Feb-2007 11:55
Page 22 of 29
(c) 2006 LaSalle Bank N.A.
4001132744
28,570.56
28.59
0.00
28,413.77
11.35%
298.82
270.23
142.85
127.38
Total
28,570.56
28.59
0.00
28,413.77
298.82
270.23
142.85
127.38
Disclosure Control #
Scheduled
Principal
Beginning
Balance
Unscheduled
Principal
Interest Received
Relief Act Interest
Shortfall
Ending balance
Loan Rate
P&I Amount
Scheduled Interest
Servicemembers Civil Relief Act
First Franklin Mortgage Loan Trust
Mortgage Loan Asset-Backed Certificates
Series 2007-FFA
Distribution Date: 26-Feb-07
26-Feb-2007 11:55
Page 23 of 29
(c) 2006 LaSalle Bank N.A.
Material Breaches Detail
First Franklin Mortgage Loan Trust
Mortgage Loan Asset-Backed Certificates
Series 2007-FFA
Distribution Date: 26-Feb-07
Material Breach Description
Disclosure Control
#
Ending Principal
Balance
Loan Group #
Material Breach
Date
Material breaches of pool asset representation or warranties or transaction covenants.
26-Feb-2007 11:55
Page 24 of 29
(c) 2006 LaSalle Bank N.A.
Modified Loan Detail
First Franklin Mortgage Loan Trust
Mortgage Loan Asset-Backed Certificates
Series 2007-FFA
Distribution Date: 26-Feb-07
Modifications include any extensions or waivers to the mortgage loan terms, fees, penalties or payments during the preceding calendar month or that have become material over time.
Modification Description
Disclosure Control
#
Modified Maturity
Date
Loan Group #
Cutoff Maturity
Date
26-Feb-2007 11:55
Page 25 of 29
(c) 2006 LaSalle Bank N.A.
Beginning Principal Balance
Description
Disclosure Control
#
Collateral Asset Changes
First Franklin Mortgage Loan Trust
Mortgage Loan Asset-Backed Certificates
Series 2007-FFA
Distribution Date: 26-Feb-07
26-Feb-2007 11:55
Page 26 of 29
(c) 2006 LaSalle Bank N.A.
Total
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Total (All Loans)
Appraisal
Date
Disclosure
Control #
REO Date
Recent
Appraisal Value
Scheduled
Balance
City
State
Property Type
Actual Balance
First Franklin Mortgage Loan Trust
Mortgage Loan Asset-Backed Certificates
Series 2007-FFA
Distribution Date: 26-Feb-07
Realized Loss
Appraisal
Reduction
Amount
Date
Liquidated
Liquidation
Proceeds
Liquidation
Expenses
Historical Collateral Level REO Report
26-Feb-2007 11:55
Page 27 of 29
(c) 2006 LaSalle Bank N.A.
Substitution Code
Distribution Date: 26-Feb-07
Substitution Detail History
First Franklin Mortgage Loan Trust
Mortgage Loan Asset-Backed Certificates
Series 2007-FFA
- - - Loans Substituted Into Pool - - -
- - - - - - - - - - Loans Substituted Out of Pool - - - - - - - - - -
Beginning Principal
Balance
Adjusted for Principal
Investor #
Period
Beginning Principal Balance
Investor #
Period
26-Feb-2007 11:55
Page 28 of 29
(c) 2006 LaSalle Bank N.A.
Total
Difference Into vs. Out
Period
Count
- - - Loans Substituted Into Pool - - -
- - - Loans Substituted Out of Pool - - -
Beginning Principal Balance
Adjusted for Principal
Count
Beginning Principal Balance
Distribution Date: 26-Feb-07
Substitution Detail History Summary
First Franklin Mortgage Loan Trust
Mortgage Loan Asset-Backed Certificates
Series 2007-FFA
26-Feb-2007 11:55
Page 29 of 29
(c) 2006 LaSalle Bank N.A.