		First Franklin Mortgage Loan Trust							Contact:
		Mortgage Pass-Through Certificates, Series 2005-FF3							Diana Kenneally
									Account Administrator
		STATEMENT TO CERTIFICATEHOLDERS							617-603-6406
		Section 5.02 of the Trust Agreement, dated April 1, 2005							diana.kenneally@usbank.com

Distribution Date:

25-Jul-05

		Original	Beginning				Interest		Ending
		Certificate	Certificate	Principal	Interest	Realized Loss	Shortfall	Total	Certificate
Class	Cusip	Face Value	Balance (1)	Distribution	Distribution	of Principal	Amount	Distribution	Balance (1)
A-1	86359DBF3	$177,181,000.00	$169,032,009.28	$5,105,014.15	$446,256.90	N/A	$0.00	$5,551,271.05	$163,926,995.13
A-2	86359DBG1	$81,761,000.00	$81,761,000.00	$0.00	$222,214.22	N/A	$0.00	$222,214.22	$81,761,000.00
A-3	86359DBH9	$41,000,000.00	$41,000,000.00	$0.00	$115,258.56	N/A	$0.00	$115,258.56	$41,000,000.00
A-4	86359DBJ5	$314,348,000.00	$307,640,580.52	$7,108,674.66	$840,906.81	N/A	$0.00	$7,949,581.47	$300,531,905.86
M-1	86359DBK2	$27,730,000.00	$27,730,000.00	$0.00	$80,110.92	$0.00	$0.00	$80,110.92	$27,730,000.00
M-2	86359DBL0	$25,419,000.00	$25,419,000.00	$0.00	$74,225.34	$0.00	$0.00	$74,225.34	$25,419,000.00
M-3	86359DBM8	$15,020,000.00	$15,020,000.00	$0.00	$44,326.79	$0.00	$0.00	$44,326.79	$15,020,000.00
M-4	86359DBN6	$13,865,000.00	$13,865,000.00	$0.00	$42,212.24	$0.00	$0.00	$42,212.24	$13,865,000.00
M-5	86359DBP1	$12,709,000.00	$12,709,000.00	$0.00	$39,187.02	$0.00	$0.00	$39,187.02	$12,709,000.00
M-6	86359DBQ9	$11,939,000.00	$11,939,000.00	$0.00	$37,462.80	$0.00	$0.00	$37,462.80	$11,939,000.00
M-7	86359DBR7	$10,014,000.00	$10,014,000.00	$0.00	$35,550.43	$0.00	$0.00	$35,550.43	$10,014,000.00
M-8	86359DBS5	$9,243,000.00	$9,243,000.00	$0.00	$33,532.23	$0.00	$0.00	$33,532.23	$9,243,000.00
M-9	86359DBT3	$7,703,000.00	$7,703,000.00	$0.00	$31,839.63	$0.00	$0.00	$31,839.63	$7,703,000.00
B-1	86359DBU0	$4,622,000.00	$4,622,000.00	$0.00	$20,542.56	$0.00	$0.00	$20,542.56	$4,622,000.00
B-2	86359DBV8	$3,080,000.00	$3,080,000.00	$0.00	$13,928.67	$0.00	$0.00	$13,928.67	$3,080,000.00
P	86359DHY6	$100.00	$100.00	$0.00	$186,328.74	N/A	$0.00	$186,328.74	$100.00
X	86359DHX8	$770,270,703.75	$755,414,293.75	$0.00	$1,735,453.87	N/A	$0.00	$1,735,453.87	$743,200,604.94
R	None	$0.00	$0.00	$0.00	$0.00	N/A	$0.00	$0.00	$0.00
Total		$755,634,000.00	$740,777,589.80	$12,213,688.81	$3,999,337.73	$0.00	$0.00	$16,213,026.54	$728,563,900.99

			Interest		Ending		Current
	Principal	Interest	Carry-forward	Total	Certificate		Pass-Through
Class	Distribution	Distribution	Amount	Distribution	Balance	Class	Interest Rate
A-1	$28.81242430	$2.51864986	$0.00000000	$31.33107416	$925.19511195	A-1	3.39438%
A-2	$0.00000000	$2.71785105	$0.00000000	$2.71785105	$1,000.00000000	A-2	3.49438%
A-3	$0.00000000	$2.81118439	$0.00000000	$2.81118439	$1,000.00000000	A-3	3.61438%
A-4	$22.61402859	$2.67508242	$0.00000000	$25.28911102	$956.04841087	A-4	3.51438%
M-1	$0.00000000	$2.88896213	$0.00000000	$2.88896213	$1,000.00000000	M-1	3.71438%
M-2	$0.00000000	$2.92007317	$0.00000000	$2.92007317	$1,000.00000000	M-2	3.75438%
M-3	$0.00000000	$2.95118442	$0.00000000	$2.95118442	$1,000.00000000	M-3	3.79438%
M-4	$0.00000000	$3.04451785	$0.00000000	$3.04451785	$1,000.00000000	M-4	3.91438%
M-5	$0.00000000	$3.08340703	$0.00000000	$3.08340703	$1,000.00000000	M-5	3.96438%
M-6	$0.00000000	$3.13785074	$0.00000000	$3.13785074	$1,000.00000000	M-6	4.03438%
M-7	$0.00000000	$3.55007290	$0.00000000	$3.55007290	$1,000.00000000	M-7	4.56438%
M-8	$0.00000000	$3.62785135	$0.00000000	$3.62785135	$1,000.00000000	M-8	4.66438%
M-9	$0.00000000	$4.13340647	$0.00000000	$4.13340647	$1,000.00000000	M-9	5.31438%
B-1	$0.00000000	$4.44451752	$0.00000000	$4.44451752	$1,000.00000000	B-1	5.71438%
B-2	$0.00000000	$4.52229545	$0.00000000	$4.52229545	$1,000.00000000	B-2	5.81438%
P	$0.00000000	$1,863,287.40000000	$0.00000000	$1,863,287.40000000	$1,000.00000000	P	0.00000%
X	$0.00000000	$2.25304411	$0.00000000	$2.25304411	$964.85638273	X	2.75682%
R	$0.00000000	$0.00000000	$0.00000000	$0.00000000	$0.00000000	R	0.00000%
	***The Class X factor is for the Notional Balance					LIBOR	3.31438%

Page 1

		First Franklin Mortgage Loan Trust							Contact:
		Mortgage Pass-Through Certificates, Series 2005-FF3							Diana Kenneally
									Account Administrator
		STATEMENT TO CERTIFICATEHOLDERS							617-603-6406
		Section 5.02 of the Trust Agreement, dated April 1, 2005							diana.kenneally@usbank.com

Distribution Date:

25-Jul-05

(i)	Principal Distributions:	Group 1	Group 2	Total
	Beginning Balance	367,954,330.71	387,459,963.04	755,414,293.75
	Scheduled Principal	106,591.19	118,864.75	225,455.94
	Prepayments (Includes Curtailments)	4,998,422.96	6,989,809.91	11,988,232.87
	Net Liquidation Proceeds	0.00	0.00	0.00
	Loan Purchase Prices	0.00	0.00	0.00
	Total Principal Remittance	5,105,014.15	7,108,674.66	12,213,688.81
	Net Realized Losses	0.00	0.00	0.00
	Ending Balance	362,849,316.56	380,351,288.38	743,200,604.94
	Ending Count	1,165	2,175	3,340

(ii)

Aggregate Ending Collateral Balance

362,849,316.56

380,351,288.38

743,200,604.94

(iii)	Ending Overcollateralization Amount							14,636,703.95
	Ending Overcollateralization Deficiency Amount							0.00

(iv)	Interest Distributions:
	Scheduled Interest - Net of Serv Fee	1,847,614.43	2,037,463.31	3,885,077.74
	Less Relief Act Interest Shortfall	0.00	(298.18)	(298.18)
	Less Net Prepayment Interest Shortfall	0.00	0.00	0.00
		1,847,614.43	2,037,165.13	3,884,779.56

(v)	Servicing Fee					153,314.61	161,441.94	314,756.55
	Credit Risk Manager Fee					3,372.91	3,551.72	6,924.63

(vi)	Advances	Amount of Advances required by the Servicer	1,724,581.80	1,881,528.83	3,606,110.63
		Amount of Advances actually made	1,724,581.80	1,881,528.83	3,606,110.63
		Excess of Advances required over Advances actually made	0.00	0.00	0.00

(vii)

Current amount of Prepayment Premiums distributed to Class P Certificate

47,363.12

138,965.62

186,328.74

(viii)	Realized Losses incurred during the related Due Period					0.00	0.00	0.00
	Cumulative Realized Losses since Startup Day					0.00	0.00	0.00

Page 2

		First Franklin Mortgage Loan Trust							Contact:
		Mortgage Pass-Through Certificates, Series 2005-FF3							Diana Kenneally
									Account Administrator
		STATEMENT TO CERTIFICATEHOLDERS							617-603-6406
		Section 5.02 of the Trust Agreement, dated April 1, 2005							diana.kenneally@usbank.com

Distribution Date:

25-Jul-05

(ix)

Delinquency Information

	30-59 days delinquent		60-89 days delinquent		90 or more days delinquent
	Count	Balance	Count	Balance	Count	Balance
Group 1	7	1,486,738.21	4	459,478.10	2	784,800.00
Group 2	28	3,794,330.52	2	162,531.96	2	261,954.11
Total	35	5,281,068.73	6	622,010.06	4	1,046,754.11
*Note: The above statistics do not include loans in foreclosure or bankruptcy proceedings or REO properties.

	Outstanding Loans		Foreclosure		Bankruptcy		REO
	Count	Balance	Count	Balance	Count	Balance	Count	Balance	Market Value
Group 1	1,165	362,849,316.56	0	0.00	0	0.00	0	0.00	0.00
Group 2	2,175	380,351,288.38	0	0.00	0	0.00	0	0.00	0.00
Total	3,340	743,200,604.94	0	0.00	0	0.00	0	0.00	0.00

(x)

Scheduled Balance of Deleted Mortgage Loan

Loan

Group 1

Group 2

Total

(x)

Scheduled Balance of Qualifying Substitute Mortgage Loan

Loan

Group 1

Group 2

Total

(xi)	Outstanding Carryforward Interest							0.00
	Outstanding Net Prepayment Interest Shortfalls							0.00
	Outstanding Basis Risk Shortfalls							0.00
	Outstanding Unpaid Basis Risk Shortfalls							0.00

(xii)	Net Swap Payment to the Supplemental Interest Trust	0.00
	Net Swap Payment to the Swap Counterparty	64,845.94
	Swap Termination Payment to the Supplemental Interest Trust	0.00
	Swap Termination Payment to the Swap Counterparty	0.00

Page 3

First Franklin Mortgage Loan Trust 2005-FF3 8-K