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


                                        FORM 8-K


                     Current Report Pursuant To Section 13 or 15(d) of
                            the Securities Exchange Act of 1934

           Date of Report (Date of earliest event reported):  May 25, 2005
                          (Date of earliest event reported)

           GS Mortgage Securities Corp (as Depositor under the Pooling
        and Servicing Agreement, dated as April 1, 2005, providing for the
          issuance of FFMLT Trust 2005-FF2 Mortgage Pass-Through
                        Certificates, Series 2005-FF2)
                 (Exact name of registrant as specified in charter)


                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-120274-17                          13-6357101
          (Commission File Number)        (I.R.S. Employer Identification No.)


               85 Broad Street
               New York, New York                        10004
          (Address of principal executive offices)     (Zip Code)


          Registrant's Telephone Number, Including Area Code:  (203) 625-2700


          (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(b) under the Exchange Act
(17 CFR 240.14a-12(b))

[  ] 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

     Attached hereto is a copy of the Monthly Remittance Statements to the
     Certificateholders which was derived from the monthly information
     submitted by the Master Servicer of the Trust to the Trustee.


     Item 9.01 Financial Statements and Exhibits

     (c) Exhibits:

     Exhibit No. Description

     99.1 Monthly Remittance Statement to the Certificateholders dated as of
     May 25, 2005.

                                    Signatures

               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.


                                  Deutsche Bank National Trust Company,
                                  in its capacity as Trustee under the
                                  Pooling and Servicing Agreement on
                                  behalf of GS Mortgage Securities Corp,
                                  Registrant


          Date:  Jun 02, 2005               By:  /s/  Katherine M. Wannenmacher
                                            Katherine M. Wannenmacher
                                            Vice President


                                   EXHIBIT INDEX

          DOCUMENT

          99.1 Monthly Remittance Statement to the Certificateholders
          dated as of May 25, 2005.



FFMLT Trust 2005-FF2

Asset Backed Certificates
Asset Backed Certificates
2005-FF2

May 25, 2005 Distribution

				External Parties						Table of Contents

													Page
				Seller									Page
				Seller						1. Certificate Payment Report					2
				Goldman Sachs Mortgage Securities						1. Certificate Payment Report					2
				Goldman Sachs Mortgage Securities						2. Collection Account Report					6
										2. Collection Account Report					6
										3. Collateral Report					8
										4. Delinquency Report					11
				Certificate Insurer(s)						5. REO Report					14
				Certificate Insurer(s)						5. REO Report					14
										6. Foreclosure Report					15

										7. Prepayment Report					16
										8. Prepayment Detail Report					19
										9. Realized Loss Report					22
										9. Realized Loss Report					22
										10. Realized Loss Detail Report					25
										11. Triggers and Adj. Cert. Report					26
				Servicer(s)						11. Triggers and Adj. Cert. Report					26
				Servicer(s)						12. Additional Certificate Report					27
				Countrywide Funding Corporation						12. Additional Certificate Report					27
				Countrywide Funding Corporation


				Underwriter(s)
				Goldman Sachs & Co.
				National City Mortgage


										Total Number of Pages					27
										Total Number of Pages

				Dates						Contacts

				Cut-Off Date:			April 01, 2005			Hang Luu
				Close Date:			April 28, 2005			Administrator
				First Distribution Date:			May 25, 2005			(714) 247-6000
										hang-thai.luu@db.com
										hang-thai.luu@db.com
										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92705
				Distribution Date:			May 25, 2005
										Factor Information:			(800) 735-7777
				Record Date:			April 29, 2005			Factor Information:			(800) 735-7777
										Main Phone Number:			(714) 247-6000

							May 24, 2005
							May 24, 2005

										https://www.tss.db.com/invr






Page 1 of 27
FFMLT Trust 2005-FF2

Asset Backed Certificates
Asset Backed Certificates
2005-FF2

May 25, 2005 Distribution
Certificate Payment Report
Current Period Distribution - REMIC V
					Prior												Current
	Class		Original		Principal						Total		Realized		Deferred		Principal
	Class		Original		Principal						Total		Realized		Deferred		Principal
Class	Type	Cur	Face Value		Balance		Interest		Principal		Distribution		Loss		Interest		Balance


					(1)		(2)		(3)		(4)=(2)+(3)		(5)		(6)		(7)=(1)-(3)-(5)+(6)

A-1	FLT/STEP/AF	$	783,060,000.00		783,060,000.00		1,926,327.60		12,517,931.07		14,444,258.67		0.00		0.00		770,542,068.93
A-1	FLT/STEP/AF	$	783,060,000.00		783,060,000.00		1,926,327.60		12,517,931.07		14,444,258.67		0.00		0.00		770,542,068.93
A-2A	FLT/STEP/AF	$	329,624,000.00		329,624,000.00		778,736.70		13,502,560.45		14,281,297.15		0.00		0.00		316,121,439.55
A-2B	FLT/STEP/AF	$	174,940,000.00		174,940,000.00		425,104.20		0.00		425,104.20		0.00		0.00		174,940,000.00
A-2C	FLT/STEP/AF	$	91,981,000.00		91,981,000.00		232,481.98		0.00		232,481.98		0.00		0.00		91,981,000.00
M-1	FLT/STEP/AF	$	65,240,000.00		65,240,000.00		169,297.80		0.00		169,297.80		0.00		0.00		65,240,000.00
M-2	FLT/STEP/AF	$	59,151,000.00		59,151,000.00		155,271.38		0.00		155,271.38		0.00		0.00		59,151,000.00
M-3	FLT/STEP/AF	$	34,794,000.00		34,794,000.00		92,378.07		0.00		92,378.07		0.00		0.00		34,794,000.00
M-4	FLT/STEP/AF	$	29,576,000.00		29,576,000.00		80,964.30		0.00		80,964.30		0.00		0.00		29,576,000.00
M-5	FLT/STEP/AF	$	28,705,000.00		28,705,000.00		79,441.09		0.00		79,441.09		0.00		0.00		28,705,000.00
M-6	FLT/STEP/AF	$	25,226,000.00		25,226,000.00		71,137.32		0.00		71,137.32		0.00		0.00		25,226,000.00
B-1	FLT/STEP/AF	$	22,617,000.00		22,617,000.00		73,957.59		0.00		73,957.59		0.00		0.00		22,617,000.00
B-2	FLT/STEP/AF	$	20,007,000.00		20,007,000.00		65,422.89		0.00		65,422.89		0.00		0.00		20,007,000.00
B-3	FLT/STEP/AF	$	14,788,000.00		14,788,000.00		56,675.01		0.00		56,675.01		0.00		0.00		14,788,000.00
B-4	FLT/STEP/AF	$	13,048,000.00		13,048,000.00		54,410.16		0.00		54,410.16		0.00		0.00		13,048,000.00
B-5	FLT/STEP/AF	$	17,397,000.00		17,397,000.00		72,545.49		0.00		72,545.49		0.00		0.00		17,397,000.00
X	EXE	$	29,575,586.80		29,575,586.80		2,823,186.39		180.42		2,823,366.81		0.00		0.00		29,575,406.38
P	EXE	$	0.00		0.00		420,529.27		0.00		420,529.27		0.00		0.00		0.00
R-1	EXE	$	100.00		100.00		0.00		100.00		100.00		0.00		0.00		0.00
R-2	EXE	$	100.00		100.00		0.00		100.00		100.00		0.00		0.00		0.00


Total			1,739,729,786.80		1,739,729,786.80		7,577,867.24		26,020,871.94		33,598,739.18		0.00		0.00		1,713,708,914.86
Total





Page 2 of 27
FFMLT Trust 2005-FF2

Asset Backed Certificates
Asset Backed Certificates
2005-FF2

May 25, 2005 Distribution

Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face-
									Orig. Principal		Prior							Current
									Orig. Principal		Prior							Current
	Period		Period						(with Notional)		Principal						Total	Principal
	Period		Period
Class	Starting		Ending		Method		Cusip		Balance		Balance		Interest		Principal		Distribution	Balance

									(1)		(1)		(2)		(3)		(4)=(2)+(3)	(5)
A-1	04/28/05		05/24/05		A-Act/360		36242DM67		783,060,000.00		1,000.000000		2.460000		15.985916		18.445916	984.014084
A-2A	04/28/05		05/24/05		A-Act/360		36242DM75		329,624,000.00		1,000.000000		2.362500		40.963523		43.326023	959.036477
A-2B	04/28/05		05/24/05		A-Act/360		36242DM83		174,940,000.00		1,000.000000		2.430000		0.000000		2.430000	1,000.000000
A-2C	04/28/05		05/24/05		A-Act/360		36242DM91		91,981,000.00		1,000.000000		2.527500		0.000000		2.527500	1,000.000000
M-1	04/28/05		05/24/05		A-Act/360		36242DN25		65,240,000.00		1,000.000000		2.595000		0.000000		2.595000	1,000.000000
M-2	04/28/05		05/24/05		A-Act/360		36242DN33		59,151,000.00		1,000.000000		2.625000		0.000000		2.625000	1,000.000000
M-3	04/28/05		05/24/05		A-Act/360		36242DN41		34,794,000.00		1,000.000000		2.655000		0.000000		2.655000	1,000.000000
M-4	04/28/05		05/24/05		A-Act/360		36242DN58		29,576,000.00		1,000.000000		2.737500		0.000000		2.737500	1,000.000000
M-5	04/28/05		05/24/05		A-Act/360		36242DN66		28,705,000.00		1,000.000000		2.767500		0.000000		2.767500	1,000.000000
M-6	04/28/05		05/24/05		A-Act/360		36242DN74		25,226,000.00		1,000.000000		2.820000		0.000000		2.820000	1,000.000000
B-1	04/28/05		05/24/05		A-Act/360		36242DN82		22,617,000.00		1,000.000000		3.270000		0.000000		3.270000	1,000.000000
B-2	04/28/05		05/24/05		A-Act/360		36242DN90		20,007,000.00		1,000.000000		3.270000		0.000000		3.270000	1,000.000000
B-3	04/28/05		05/24/05		A-Act/360		36242DP23		14,788,000.00		1,000.000000		3.832500		0.000000		3.832500	1,000.000000
B-4	04/28/05		05/24/05		A-Act/360		36242DQ89		13,048,000.00		1,000.000000		4.170000		0.000000		4.170000	1,000.000000
B-5	04/28/05		05/24/05		A-Act/360		36242DQ97		17,397,000.00		1,000.000000		4.170000		0.000000		4.170000	1,000.000000
X	04/01/05		04/30/05		A-30/360		36242D2Z5		29,575,586.80		1,000.000000		95.456648		0.006100		95.462749	999.993900
P	04/01/05		04/30/05		A-30/360		36242D2Y8		0.00		0.000000		0.000000		0.000000		0.000000	0.000000
R-1	04/01/05		04/30/05		A-30/360		36242D2U6		100.00		1,000.000000		0.000000		1,000.000000		1,000.000000	0.000000
R-2	04/01/05		04/30/05		A-30/360		36242D2V4		100.00		1,000.000000		0.000000		1,000.000000		1,000.000000	0.000000




Page 3 of 27
FFMLT Trust 2005-FF2

Asset Backed Certificates
Asset Backed Certificates
2005-FF2

May 25, 2005 Distribution

Distribution to Date - REMIC V
																	Current


	Original				Unscheduled		Scheduled		Total		Total		Realized		Deferred		Principal

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)
A-1	783,060,000.00		1,926,327.60		12,265,815.80		252,115.27		12,517,931.07		14,444,258.67		0.00		0.00		770,542,068.93
A-2A	329,624,000.00		778,736.70		13,230,614.42		271,946.03		13,502,560.45		14,281,297.15		0.00		0.00		316,121,439.55
A-2B	174,940,000.00		425,104.20		0.00		0.00		0.00		425,104.20		0.00		0.00		174,940,000.00
A-2C	91,981,000.00		232,481.98		0.00		0.00		0.00		232,481.98		0.00		0.00		91,981,000.00
M-1	65,240,000.00		169,297.80		0.00		0.00		0.00		169,297.80		0.00		0.00		65,240,000.00
M-2	59,151,000.00		155,271.38		0.00		0.00		0.00		155,271.38		0.00		0.00		59,151,000.00
M-3	34,794,000.00		92,378.07		0.00		0.00		0.00		92,378.07		0.00		0.00		34,794,000.00
M-4	29,576,000.00		80,964.30		0.00		0.00		0.00		80,964.30		0.00		0.00		29,576,000.00
M-5	28,705,000.00		79,441.09		0.00		0.00		0.00		79,441.09		0.00		0.00		28,705,000.00
M-6	25,226,000.00		71,137.32		0.00		0.00		0.00		71,137.32		0.00		0.00		25,226,000.00
B-1	22,617,000.00		73,957.59		0.00		0.00		0.00		73,957.59		0.00		0.00		22,617,000.00
B-2	20,007,000.00		65,422.89		0.00		0.00		0.00		65,422.89		0.00		0.00		20,007,000.00
B-3	14,788,000.00		56,675.01		0.00		0.00		0.00		56,675.01		0.00		0.00		14,788,000.00
B-4	13,048,000.00		54,410.16		0.00		0.00		0.00		54,410.16		0.00		0.00		13,048,000.00
B-5	17,397,000.00		72,545.49		0.00		0.00		0.00		72,545.49		0.00		0.00		17,397,000.00
X	29,575,586.80		2,823,186.39		176.79		3.63		180.42		2,823,366.81		0.00		0.00		29,575,406.38
P	0.00		420,529.27		0.00		0.00		0.00		420,529.27		0.00		0.00		0.00
R-1	100.00		0.00		97.99		2.01		100.00		100.00		0.00		0.00		0.00
R-2	100.00		0.00		97.99		2.01		100.00		100.00		0.00		0.00		0.00


Total	1,739,729,786.80		7,577,867.24		25,496,802.99		524,068.95		26,020,871.94		33,598,739.18		0.00		0.00		1,713,708,914.86



Page 4 of 27
FFMLT Trust 2005-FF2

Asset Backed Certificates
Asset Backed Certificates
2005-FF2

May 25, 2005 Distribution

Interest Detail - REMIC V
	Pass		Prior Principal				Non-		Prior		Unscheduled				Paid or		Current
	Pass		Prior Principal				Non-		Prior		Unscheduled				Paid or

	Through		(with Notional)		Accrued		Supported		Unpaid		Interest		Optimal		Deferred		Unpaid

Class	Rate		Balance		Interest		Interest SF		Interest		Adjustment		Interest		Interest		Interest
					(1)		(2)		(3)		(4)		(5)=(1)-(2)+(3)+(4)		(6)		(7)=(5)-(6)
A-1	3.28000%		783,060,000.00		1,926,327.60		0.00		0.00		0.00		1,926,327.60		1,926,327.60		0.00
A-2A	3.15000%		329,624,000.00		778,736.70		0.00		0.00		0.00		778,736.70		778,736.70		0.00
A-2B	3.24000%		174,940,000.00		425,104.20		0.00		0.00		0.00		425,104.20		425,104.20		0.00
A-2C	3.37000%		91,981,000.00		232,481.98		0.00		0.00		0.00		232,481.98		232,481.98		0.00
M-1	3.46000%		65,240,000.00		169,297.80		0.00		0.00		0.00		169,297.80		169,297.80		0.00
M-2	3.50000%		59,151,000.00		155,271.38		0.00		0.00		0.00		155,271.38		155,271.38		0.00
M-3	3.54000%		34,794,000.00		92,378.07		0.00		0.00		0.00		92,378.07		92,378.07		0.00
M-4	3.65000%		29,576,000.00		80,964.30		0.00		0.00		0.00		80,964.30		80,964.30		0.00
M-5	3.69000%		28,705,000.00		79,441.09		0.00		0.00		0.00		79,441.09		79,441.09		0.00
M-6	3.76000%		25,226,000.00		71,137.32		0.00		0.00		0.00		71,137.32		71,137.32		0.00
B-1	4.36000%		22,617,000.00		73,957.59		0.00		0.00		0.00		73,957.59		73,957.59		0.00
B-2	4.36000%		20,007,000.00		65,422.89		0.00		0.00		0.00		65,422.89		65,422.89		0.00
B-3	5.11000%		14,788,000.00		56,675.01		0.00		0.00		0.00		56,675.01		56,675.01		0.00
B-4	5.56000%		13,048,000.00		54,410.16		0.00		0.00		0.00		54,410.16		54,410.16		0.00
B-5	5.56000%		17,397,000.00		72,545.49		0.00		0.00		0.00		72,545.49		72,545.49		0.00
X	114.54798%		29,575,586.80		0.00		-4,334,151.57		0.00		0.00		4,334,151.57		2,823,186.39		1,510,965.18
P	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		420,529.27		0.00
R-1	0.00000%		100.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
R-2	0.00000%		100.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			1,739,729,786.80		4,334,151.58		-4,334,151.57		0.00		0.00		8,668,303.15		7,577,867.24		1,510,965.18



Page 5 of 27
FFMLT Trust 2005-FF2

Asset Backed Certificates
Asset Backed Certificates
2005-FF2

May 25, 2005 Distribution
Collection Account Report
SUMMARY
SUMMARY
										Group 2		Group 1		Total
Principal Collections										13,502,757.86		12,518,114.08		26,020,871.94
Principal Withrawals										0.00		0.00		0.00
Principal Other Accounts										0.00		0.00		0.00
TOTAL NET PRINCIPAL										13,502,757.86		12,518,114.08		26,020,871.94
Interest Collections										3,899,625.89		5,126,790.95		9,026,416.84
Interest Withdrawals										-0.00		-0.00		-0.00
Interest Other Accounts										0.00		420,529.27		-1,300,751.27
Interest Fees										-64,433.29		-83,365.14		-147,798.42
TOTAL NET INTEREST										3,835,192.61		5,463,955.08		9,299,147.69
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION										17,337,950.47		17,982,069.16		33,598,739.18



PRINCIPAL - COLLECTIONS
PRINCIPAL - COLLECTIONS
											Group 2		Group 1		Total
Scheduled Principal Received											195,628.22		328,440.75		524,068.97
Prepayments In Full											13,278,096.70		12,128,606.89		25,406,703.59
Curtailments											29,032.94		61,066.44		90,099.38
Liquidations											0.00		0.00		0.00
Insurance Principal													0.00		0.00
Repurchased Principal Amounts											0.00		0.00		0.00
Other Principal													0.00		0.00
Total Realized Loss Of Principal											-0.00		-0.00		-0.00
Delinquent Principal											-165,319.69		-268,639.76		-433,959.45
Advanced Principal											165,319.69		268,639.76		433,959.45
TOTAL PRINCIPAL COLLECTED											13,502,757.86		12,518,114.08		26,020,871.94


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



PRINCIPAL - OTHER ACCOUNTS
PRINCIPAL - OTHER ACCOUNTS
										Group 2		Group 1		Total
TOTAL OTHER ACCOUNTS PRINCIPAL										0.00		0.00		0.00





Page 6 of 27
FFMLT Trust 2005-FF2

Asset Backed Certificates
Asset Backed Certificates
2005-FF2

May 25, 2005 Distribution

INTEREST - COLLECTIONS
INTEREST - COLLECTIONS
										Group 2		Group 1		Total
Scheduled Interest										4,150,328.44		5,457,091.77		9,607,420.21
Liquidation Interest										0.00		0.00		0.00
Repurchased Interest										0.00		0.00		0.00
Insurance Interest										0.00		0.00		0.00
Other Interest										0.00		0.00		0.00
Relief Act Interest Shortfalls										-0.00		-0.00		-0.00
Prepayment Interest Shortfalls										-9,564.07		-13,256.76		-22,820.83
Compensating Interest										9,564.07		13,256.77		22,820.84
Delinquent Interest										-3,337,053.82		-4,392,769.65		-7,729,823.47
Interest Advanced										3,086,351.27		4,062,468.82		7,148,820.09
TOTAL INTEREST COLLECTED										3,899,625.89		5,126,790.95		9,026,416.84


INTEREST - WITHDRAWALS
INTEREST - WITHDRAWALS
										Group 2		Group 1		Total
Nonrecoverable Advances
TOTAL INTEREST WITHDRAWALS										0.00		0.00		0.00



INTEREST - OTHER ACCOUNTS
INTEREST - OTHER ACCOUNTS
										Group 2		Group 1		Total
Prepayment Charges														420,529.27
SWAP Payment Received from GSMS														4,322,883.37
SWAP Amount Paid to GSMS														-6,044,163.91
TOTAL INTEREST OTHER ACCOUNTS										0.00		420,529.27		-1,300,751.27



INTEREST - FEES
INTEREST - FEES
										Group 2		Group 1		Total
Current Servicing Fees										62,740.69		81,143.34		143,884.03
Current Trustee Fees										1,692.59		2,221.80		3,914.39
TOTAL INTEREST OTHER FEES										64,433.29		83,365.14		147,798.42




Page 7 of 27
FFMLT Trust 2005-FF2

Asset Backed Certificates
Asset Backed Certificates
2005-FF2

May 25, 2005 Distribution
Collateral Report


COLLATERAL



											Group 2		Group 1		Total



Loan Count:


Original										2,327		5,589		7,916
Prior										2,327		5,589		7,916
Prefunding										0		0		0
Scheduled Paid Offs										-0		-0		-0
Full Voluntary Prepayments										-36		-62		-98
Repurchases										-0		-0		-0
Liquidations										-0		-0		-0
Current										2,291		5,527		7,818
Principal Balance:


Original										752,263,789.79		987,465,997.01		1,739,729,786.80
Prior										752,263,789.79		987,465,997.01		1,739,729,786.80
Prefunding										0.00		0.00		0.00
Scheduled Principal										-195,628.22		-328,440.75		-524,068.97
Partial Prepayments										-29,032.94		-61,066.44		-90,099.38
Full Voluntary Prepayments										-13,278,096.70		-12,128,606.89		-25,406,703.59
Repurchases										-0.00		-0.00		-0.00
Liquidations										-0.00		-0.00		-0.00
Current										738,761,031.93		974,947,882.93		1,713,708,914.86





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 8 of 27
FFMLT Trust 2005-FF2

Asset Backed Certificates
Asset Backed Certificates
2005-FF2

May 25, 2005 Distribution

CHARACTERISTICS
CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Coupon Original										6.62054%		6.63163%		6.62684%
Weighted Average Coupon Prior										6.62054%		6.63163%		6.62684%
Weighted Average Coupon Current										6.62054%		6.63163%		6.62684%
Weighted Average Months to Maturity Original										354		353		354
Weighted Average Months to Maturity Prior										354		353		354
Weighted Average Months to Maturity Current										354		353		354
Weighted Avg Remaining Amortization Term Original										354		353		354
Weighted Avg Remaining Amortization Term Prior										354		353		354
Weighted Avg Remaining Amortization Term Current										354		353		354
Weighted Average Seasoning Original										4.89		4.88		4.88
Weighted Average Seasoning Prior										4.89		4.88		4.88
Weighted Average Seasoning Current										4.89		4.88		4.88









Page 9 of 27
FFMLT Trust 2005-FF2

Asset Backed Certificates
Asset Backed Certificates
2005-FF2

May 25, 2005 Distribution

ARM CHARACTERISTICS
ARM CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Margin Original										4.72795%		4.80544%		4.77087%
Weighted Average Margin Prior										4.72795%		4.80544%		4.77087%
Weighted Average Margin Current										4.72795%		4.80544%		4.77087%
Weighted Average Max Rate Original										12.58995%		12.53968%		12.56210%
Weighted Average Max Rate Prior										12.58995%		12.53968%		12.56210%
Weighted Average Max Rate Current										12.58995%		12.53968%		12.56210%
Weighted Average Min Rate Original										6.58995%		6.54456%		6.56481%
Weighted Average Min Rate Prior										6.58995%		6.54456%		6.56481%
Weighted Average Min Rate Current										6.58995%		6.54456%		6.56481%
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%




SERVICING FEES & ADVANCES

											Group 2		Group 1		Total




Current Servicing Fees										62,740.69		81,143.34		143,884.03
Delinquent Servicing Fees										250,702.55		330,300.82		581,003.37
TOTAL SERVICING FEES										313,443.25		411,444.17		724,887.42


Compensating Interest										-9,564.07		-13,256.77		-22,820.84
Delinquent Servicing Fees										-250,702.55		-330,300.82		-581,003.37
COLLECTED SERVICING FEES										53,176.62		67,886.58		121,063.20


Aggregate Advances with respect to this Distribution										3,251,670.96		4,331,108.58		7,582,779.54





ADDITIONAL COLLATERAL INFORMATION
										Group 2		Group 1		Total
Net Prepayment Interest Shortfall										0.00		0.00		0.00

Current LIBOR Rate														3.060000%

Next LIBOR Rate														3.090000%




Page 10 of 27
FFMLT Trust 2005-FF2

Asset Backed Certificates
Asset Backed Certificates
2005-FF2

May 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				11,130,733.48		2,559,576.20		0.00		13,690,309.68
			% Balance				0.65%		0.15%		0.00%		0.80%
			# Loans				52		12		0		64
			% # Loans				0.67%		0.15%		0.00%		0.82%
	FORECLOSURE		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%
	BANKRUPTCY		Balance		438,356.56		0.00		298,400.00		0.00		736,756.56
			% Balance		0.03%		0.00%		0.02%		0.00%		0.04%
			# Loans		2		0		1		0		3
			% # Loans		0.03%		0.00%		0.01%		0.00%		0.04%
	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		438,356.56		11,130,733.48		2,857,976.20		0.00		14,427,066.24
			% Balance		0.03%		0.65%		0.17%		0.00%		0.84%
			# Loans		2		52		13		0		67
			% # Loans		0.03%		0.67%		0.17%		0.00%		0.86%









Page 11 of 27
FFMLT Trust 2005-FF2

Asset Backed Certificates
Asset Backed Certificates
2005-FF2

May 25, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				5,566,057.41		908,004.54		0.00		6,474,061.95
			% Balance				0.57%		0.09%		0.00%		0.66%
			# Loans				33		5		0		38
			% # Loans				0.60%		0.09%		0.00%		0.69%
	FORECLOSURE		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%
	BANKRUPTCY		Balance		438,356.56		0.00		298,400.00		0.00		736,756.56
			% Balance		0.04%		0.00%		0.03%		0.00%		0.08%
			# Loans		2		0		1		0		3
			% # Loans		0.04%		0.00%		0.02%		0.00%		0.05%
	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		438,356.56		5,566,057.41		1,206,404.54		0.00		7,210,818.51
			% Balance		0.04%		0.57%		0.12%		0.00%		0.74%
			# Loans		2		33		6		0		41
			% # Loans		0.04%		0.60%		0.11%		0.00%		0.74%










Page 12 of 27
FFMLT Trust 2005-FF2

Asset Backed Certificates
Asset Backed Certificates
2005-FF2

May 25, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				5,564,676.07		1,651,571.66		0.00		7,216,247.73
			% Balance				0.75%		0.22%		0.00%		0.98%
			# Loans				19		7		0		26
			% # Loans				0.83%		0.31%		0.00%		1.13%
	FORECLOSURE		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%
	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		5,564,676.07		1,651,571.66		0.00		7,216,247.73
			% Balance		0.00%		0.75%		0.22%		0.00%		0.98%
			# Loans		0		19		7		0		26
			% # Loans		0.00%		0.83%		0.31%		0.00%		1.13%









Page 13 of 27
FFMLT Trust 2005-FF2

Asset Backed Certificates
Asset Backed Certificates
2005-FF2

May 25, 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




TOTAL



Page 14 of 27
FFMLT Trust 2005-FF2

Asset Backed Certificates
Asset Backed Certificates
2005-FF2

May 25, 2005 Distribution
Foreclosure 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




TOTAL



Page 15 of 27
FFMLT Trust 2005-FF2

Asset Backed Certificates
Asset Backed Certificates
2005-FF2

May 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS
VOLUNTARY PREPAYMENTS

											Group 2		Group 1		Total




Current


Number of Paid in Full Loans										36		62		98
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										36		62		98
Curtailments Amount										29,032.94		61,066.44		90,099.38
Paid in Full Balance										13,278,096.70		12,128,606.89		25,406,703.59
Repurchased Loans Balance										0.00		0.00		0.00
Total Prepayment Amount										13,307,129.64		12,189,673.33		25,496,802.97

Cumulative


Number of Paid in Full Loans										36		62		98
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										36		62		98
Paid in Full Balance										13,278,096.70		12,128,606.89		25,406,703.59
Repurchased Loans Balance										0.00		0.00		0.00
Curtailments Amount										29,032.94		61,066.44		90,099.38
Total Prepayment Amount										13,307,129.64		12,189,673.33		25,496,802.97










Page 16 of 27
FFMLT Trust 2005-FF2

Asset Backed Certificates
Asset Backed Certificates
2005-FF2

May 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES
VOLUNTARY PREPAYMENTS RATES

											Group 2		Group 1		Total



SMM										1.77%		1.23%		1.47%
3 Months Avg SMM										1.77%		1.23%		1.47%
12 Months Avg SMM										1.77%		1.23%		1.47%
Avg SMM Since Cut-off										1.77%		1.23%		1.47%


CPR										19.28%		13.85%		16.24%
3 Months Avg CPR										19.28%		13.85%		16.24%
12 Months Avg CPR										19.28%		13.85%		16.24%
Avg CPR Since Cut-off										19.28%		13.85%		16.24%


PSA										1,972.84%		1,419.60%		1,663.15%
3 Months Avg PSA Approximation										1,972.84%		1,419.60%		1,663.15%
12 Months Avg PSA Approximation										1,972.84%		1,419.60%		1,663.15%
Avg PSA Since Cut-off Approximation										1,972.84%		1,419.60%		1,663.15%










Page 17 of 27
FFMLT Trust 2005-FF2

Asset Backed Certificates
Asset Backed Certificates
2005-FF2

May 25, 2005 Distribution






PREPAYMENT CALCULATION METHODOLOGY

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/(0.002min(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.













Page 18 of 27
FFMLT Trust 2005-FF2

Asset Backed Certificates
Asset Backed Certificates
2005-FF2

May 25, 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 Number			Original							Current		State &		Type Prepayment

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

33995762 1			276,300.00		273,232.37			29-Apr-2005		6.625%		FL - 90.00%		Paid Off - 360		01-Jul-2004
			276,300.00

34856450 2			650,000.00		646,640.67				7.500%		IL - 92.86%		Paid Off - 360		01-Dec-2004
34856450 2					646,640.67				7.500%		IL - 92.86%		Paid Off - 360		01-Dec-2004
35018415 1			171,000.00		171,000.00				7.625%		CO - 90.00%		Paid Off - 360		01-Dec-2004
35018415 1					171,000.00				7.625%		CO - 90.00%		Paid Off - 360		01-Dec-2004
35095793 1			50,800.00		50,622.87				7.875%		OH - 80.00%		Paid Off - 360		01-Dec-2004
35095793 1					50,622.87				7.875%		OH - 80.00%		Paid Off - 360		01-Dec-2004
35270503 1			176,000.00		175,111.50				5.990%		CA - 84.62%		Paid Off - 360		01-Dec-2004
35270503 1					175,111.50				5.990%		CA - 84.62%		Paid Off - 360		01-Dec-2004
35278530 1			170,000.00		169,177.97				7.250%		CA - 73.12%		Paid Off - 360		01-Nov-2004
35278530 1					169,177.97				7.250%		CA - 73.12%		Paid Off - 360		01-Nov-2004
35310002 2			244,000.00		244,000.00				8.000%		NV - 78.71%		Paid Off - 360		01-Dec-2004
35310002 2					244,000.00				8.000%		NV - 78.71%		Paid Off - 360		01-Dec-2004
35352814 2			319,500.00		318,543.17				8.625%		DC - 90.00%		Paid Off - 360		01-Dec-2004
35352814 2					318,543.17				8.625%		DC - 90.00%		Paid Off - 360		01-Dec-2004
35379114 1			242,000.00		242,000.00				6.625%		UT - 84.91%		Paid Off - 360		01-Dec-2004
35379114 1					242,000.00				6.625%		UT - 84.91%		Paid Off - 360		01-Dec-2004
35387109 1			131,600.00		131,600.00				6.750%		AZ - 79.99%		Paid Off - 360		01-Nov-2004
35387109 1					131,600.00				6.750%		AZ - 79.99%		Paid Off - 360		01-Nov-2004
35388149 1			148,750.00		148,117.92				6.875%		AZ - 85.00%		Paid Off - 360		01-Dec-2004
35388149 1					148,117.92				6.875%		AZ - 85.00%		Paid Off - 360		01-Dec-2004
35394154 1			94,000.00		94,000.00				6.250%		AZ - 81.74%		Paid Off - 360		01-Jan-2005
35394154 1					94,000.00				6.250%		AZ - 81.74%		Paid Off - 360		01-Jan-2005
35396498 1			123,000.00		122,999.99				7.750%		AZ - 84.83%		Paid Off - 360		01-Jan-2005
35396498 1					122,999.99				7.750%		AZ - 84.83%		Paid Off - 360		01-Jan-2005
35426303 2			600,000.00		597,387.82				6.750%		IL - 94.94%		Paid Off - 360		01-Dec-2004
35426303 2					597,387.82				6.750%		IL - 94.94%		Paid Off - 360		01-Dec-2004
35440031 1			141,000.00		140,533.63				7.000%		IL - 72.57%		Paid Off - 360		01-Jan-2005
35440031 1					140,533.63				7.000%		IL - 72.57%		Paid Off - 360		01-Jan-2005
35460682 2			234,000.00		234,000.00				8.375%		MN - 90.00%		Paid Off - 360		01-Jan-2005
35460682 2					234,000.00				8.375%		MN - 90.00%		Paid Off - 360		01-Jan-2005
35461821 2			575,000.00		573,393.78			21-Apr-2005		6.375%		MN - 88.46%		Paid Off - 360		01-Feb-2005
35461821 2					573,393.78			21-Apr-2005		6.375%		MN - 88.46%		Paid Off - 360		01-Feb-2005
35475227 1			44,000.00		43,876.92				7.875%		WI - 60.27%		Paid Off - 360		01-Jan-2005
35475227 1					43,876.92				7.875%		WI - 60.27%		Paid Off - 360		01-Jan-2005
35499250 1			236,000.00		236,000.00				5.375%		CA - 80.00%		Paid Off - 360		01-Dec-2004
35499250 1					236,000.00				5.375%		CA - 80.00%		Paid Off - 360		01-Dec-2004
35504125 1			165,000.00		165,000.00				7.125%		CA - 62.98%		Paid Off - 360		01-Dec-2004
35504125 1					165,000.00				7.125%		CA - 62.98%		Paid Off - 360		01-Dec-2004
35505262 1			180,000.00		179,287.26				7.250%		CA - 64.29%		Paid Off - 360		01-Dec-2004
35505262 1					179,287.26				7.250%		CA - 64.29%		Paid Off - 360		01-Dec-2004
35506369 1			246,000.00		245,280.97				7.625%		CA - 83.39%		Paid Off - 360		01-Jan-2005
35506369 1					245,280.97				7.625%		CA - 83.39%		Paid Off - 360		01-Jan-2005
35533397 1			119,000.00		118,487.79				7.750%		IN - 85.00%		Paid Off - 360		01-Nov-2004
35533397 1					118,487.79				7.750%		IN - 85.00%		Paid Off - 360		01-Nov-2004
35558592 1			292,500.00		292,500.00				6.875%		CA - 90.00%		Paid Off - 360		01-Dec-2004
35558592 1					292,500.00				6.875%		CA - 90.00%		Paid Off - 360		01-Dec-2004
35566231 2			620,000.00		620,000.00				6.125%		CA - 65.26%		Paid Off - 360		01-Jan-2005
35566231 2					620,000.00				6.125%		CA - 65.26%		Paid Off - 360		01-Jan-2005
35569813 2			150,000.00		149,743.44			22-Apr-2005		8.990%		CA - 81.97%		Paid Off - 360		01-Feb-2005
35569813 2					149,743.44			22-Apr-2005		8.990%		CA - 81.97%		Paid Off - 360		01-Feb-2005
35585504 2			76,500.00		76,264.97				8.500%		AL - 85.00%		Paid Off - 360		01-Dec-2004
35585504 2					76,264.97				8.500%		AL - 85.00%		Paid Off - 360		01-Dec-2004
35666395 2			369,000.00		369,000.00				7.625%		GA - 90.00%		Paid Off - 360		01-Jan-2005
35666395 2					369,000.00				7.625%		GA - 90.00%		Paid Off - 360		01-Jan-2005
35717974 2			650,000.00		650,000.00			27-Apr-2005		5.990%		CA - 74.29%		Paid Off - 360		01-Feb-2005
35717974 2					650,000.00			27-Apr-2005		5.990%		CA - 74.29%		Paid Off - 360		01-Feb-2005
35722958 2			448,000.00		448,000.00				6.625%		CA - 86.15%		Paid Off - 360		01-Jan-2005
35722958 2					448,000.00				6.625%		CA - 86.15%		Paid Off - 360		01-Jan-2005
35727635 2			663,200.00		660,952.06			28-Apr-2005		6.875%		CA - 80.00%		Paid Off - 360		01-Jan-2005
35727635 2					660,952.06			28-Apr-2005		6.875%		CA - 80.00%		Paid Off - 360		01-Jan-2005
35733336 2			407,000.00		405,580.99				7.875%		IL - 93.35%		Paid Off - 360		01-Dec-2004
35733336 2					405,580.99				7.875%		IL - 93.35%		Paid Off - 360		01-Dec-2004
35740380 1			380,000.00		378,861.30				7.500%		IL - 93.83%		Paid Off - 360		01-Jan-2005
35740380 1					378,861.30				7.500%		IL - 93.83%		Paid Off - 360		01-Jan-2005
35741487 2			455,600.00		454,234.75				7.500%		IL - 85.00%		Paid Off - 360		01-Jan-2005
35741487 2					454,234.75				7.500%		IL - 85.00%		Paid Off - 360		01-Jan-2005
35744481 1			170,000.00		169,451.33				7.125%		IL - 85.00%		Paid Off - 360		01-Jan-2005
35744481 1					169,451.33				7.125%		IL - 85.00%		Paid Off - 360		01-Jan-2005
35797372 2			190,000.00		190,000.00			19-Apr-2005		8.375%		NC - 95.00%		Paid Off - 360		01-Feb-2005
35797372 2					190,000.00			19-Apr-2005		8.375%		NC - 95.00%		Paid Off - 360		01-Feb-2005
35802073 2			428,800.00		428,800.00			20-Apr-2005		6.625%		NC - 94.99%		Paid Off - 360		01-Feb-2005
35802073 2					428,800.00					6.625%		NC - 94.99%		Paid Off - 360



Page 19 of 27
FFMLT Trust 2005-FF2

Asset Backed Certificates
Asset Backed Certificates
2005-FF2

May 25, 2005 Distribution

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
Loan Number			Original							Current		State &		Type Prepayment

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

35812486 1			230,000.00		229,416.78			18-Apr-2005		6.875%		IL - 63.89%		Paid Off - 360		01-Feb-2005
			230,000.00

35813328 1			171,000.00		170,999.98			01-Apr-2005		7.750%		IL - 90.00%		Paid Off - 360		01-Feb-2005
35813328 1					170,999.98			01-Apr-2005		7.750%		IL - 90.00%		Paid Off - 360		01-Feb-2005
35853654 1			237,500.00		236,926.81			06-Apr-2005		7.125%		MN - 95.00%		Paid Off - 360		01-Feb-2005
35853654 1					236,926.81			06-Apr-2005		7.125%		MN - 95.00%		Paid Off - 360		01-Feb-2005
35872308 1			292,600.00		291,839.97			01-Apr-2005		6.750%		CA - 95.00%		Paid Off - 360		01-Feb-2005
35872308 1					291,839.97			01-Apr-2005		6.750%		CA - 95.00%		Paid Off - 360		01-Feb-2005
35876010 1			286,000.00		285,343.09			21-Apr-2005		7.375%		CA - 93.77%		Paid Off - 360		01-Feb-2005
35876010 1					285,343.09			21-Apr-2005		7.375%		CA - 93.77%		Paid Off - 360		01-Feb-2005
35895085 2			450,000.00		450,000.00			27-Apr-2005		8.625%		CA - 84.91%		Paid Off - 360		01-Feb-2005
35895085 2					450,000.00			27-Apr-2005		8.625%		CA - 84.91%		Paid Off - 360		01-Feb-2005
4000178436 1			270,000.00		270,000.00			18-Apr-2005		7.750%		CA - 90.00%		Paid Off - 360		01-Feb-2005
4000178436 1					270,000.00			18-Apr-2005		7.750%		CA - 90.00%		Paid Off - 360		01-Feb-2005
4000187184 1			345,000.00		343,913.67				7.250%		CA - 70.41%		Paid Off - 360		01-Jan-2005
4000187184 1					343,913.67				7.250%		CA - 70.41%		Paid Off - 360		01-Jan-2005
4000188716 2			220,000.00		219,278.25				8.375%		MD - 80.00%		Paid Off - 360		01-Dec-2004
4000188716 2					219,278.25				8.375%		MD - 80.00%		Paid Off - 360		01-Dec-2004
4000189174 2			41,000.00		40,889.23				9.125%		OH - 80.00%		Paid Off - 360		01-Dec-2004
4000189174 2					40,889.23				9.125%		OH - 80.00%		Paid Off - 360		01-Dec-2004
4000190140 1			279,000.00		279,000.00				6.750%		CA - 90.00%		Paid Off - 360		01-Dec-2004
4000190140 1					279,000.00				6.750%		CA - 90.00%		Paid Off - 360		01-Dec-2004
4000192107 2			444,000.00		444,000.00				5.999%		CA - 80.00%		Paid Off - 360		01-Dec-2004
4000192107 2					444,000.00				5.999%		CA - 80.00%		Paid Off - 360		01-Dec-2004
4000193361 1			145,600.00		145,600.00				6.125%		MD - 65.00%		Paid Off - 360		01-Dec-2004
4000193361 1					145,600.00				6.125%		MD - 65.00%		Paid Off - 360		01-Dec-2004
4000193990 1			195,000.00		195,000.00				6.875%		CA - 75.00%		Paid Off - 360		01-Dec-2004
4000193990 1					195,000.00				6.875%		CA - 75.00%		Paid Off - 360		01-Dec-2004
4000194741 2			549,000.00		548,996.91				7.250%		CA - 79.79%		Paid Off - 360		01-Dec-2004
4000194741 2					548,996.91				7.250%		CA - 79.79%		Paid Off - 360		01-Dec-2004
4000195163 2			204,500.00		203,751.81				8.875%		CA - 99.75%		Paid Off - 360		01-Dec-2004
4000195163 2					203,751.81				8.875%		CA - 99.75%		Paid Off - 360		01-Dec-2004
4000196974 1			352,000.00		350,467.49				6.750%		CA - 73.57%		Paid Off - 360		01-Dec-2004
4000196974 1					350,467.49				6.750%		CA - 73.57%		Paid Off - 360		01-Dec-2004
4000197910 2			149,600.00		149,162.93				8.750%		MD - 85.00%		Paid Off - 360		01-Dec-2004
4000197910 2					149,162.93				8.750%		MD - 85.00%		Paid Off - 360		01-Dec-2004
4000198519 1			161,000.00		161,000.00				6.500%		NV - 82.57%		Paid Off - 360		01-Jan-2005
4000198519 1					161,000.00				6.500%		NV - 82.57%		Paid Off - 360		01-Jan-2005
4000198591 1			273,000.00		272,999.99				6.250%		CA - 91.00%		Paid Off - 360		01-Jan-2005
4000198591 1					272,999.99				6.250%		CA - 91.00%		Paid Off - 360		01-Jan-2005
4000199029 1			297,500.00		297,500.00				7.250%		CA - 64.68%		Paid Off - 360		01-Jan-2005
4000199029 1					297,500.00				7.250%		CA - 64.68%		Paid Off - 360		01-Jan-2005
4000199209 2			382,500.00		382,500.00				5.750%		CA - 90.00%		Paid Off - 360		01-Dec-2004
4000199209 2					382,500.00				5.750%		CA - 90.00%		Paid Off - 360		01-Dec-2004
4000199353 2			447,950.00		447,950.00				6.750%		CA - 85.00%		Paid Off - 360		01-Jan-2005
4000199353 2					447,950.00				6.750%		CA - 85.00%		Paid Off - 360		01-Jan-2005
4000200534 1			75,600.00		75,600.00				7.625%		FL - 90.00%		Paid Off - 360		01-Dec-2004
4000200534 1					75,600.00				7.625%		FL - 90.00%		Paid Off - 360		01-Dec-2004
4000201947 2			114,000.00		114,000.00			06-Apr-2005		9.250%		LA - 83.21%		Paid Off - 360		01-Jan-2005
4000201947 2					114,000.00			06-Apr-2005		9.250%		LA - 83.21%		Paid Off - 360		01-Jan-2005
4000204467 1			304,000.00		303,018.90				7.125%		NJ - 95.00%		Paid Off - 360		01-Jan-2005
4000204467 1					303,018.90				7.125%		NJ - 95.00%		Paid Off - 360		01-Jan-2005
4000204969 1			102,000.00		102,000.00			04-Apr-2005		5.999%		AL - 85.00%		Paid Off - 360		01-Feb-2005
4000204969 1					102,000.00			04-Apr-2005		5.999%		AL - 85.00%		Paid Off - 360		01-Feb-2005
4000205404 2			444,800.00		444,800.00				6.750%		CA - 80.00%		Paid Off - 360		01-Jan-2005
4000205404 2					444,800.00				6.750%		CA - 80.00%		Paid Off - 360		01-Jan-2005
4000207021 1			258,550.00		258,550.00			21-Apr-2005		6.375%		CA - 80.00%		Paid Off - 360		01-Feb-2005
4000207021 1					258,550.00			21-Apr-2005		6.375%		CA - 80.00%		Paid Off - 360		01-Feb-2005
4000207639 1			70,000.00		69,754.05				6.999%		OH - 64.82%		Paid Off - 360		01-Jan-2005
4000207639 1					69,754.05				6.999%		OH - 64.82%		Paid Off - 360		01-Jan-2005
4000207766 1			179,250.00		178,645.54				7.375%		NV - 75.00%		Paid Off - 360		01-Jan-2005
4000207766 1					178,645.54				7.375%		NV - 75.00%		Paid Off - 360		01-Jan-2005
4000212397 1			298,400.00		298,400.00				6.500%		WA - 80.00%		Paid Off - 360		01-Jan-2005
4000212397 1					298,400.00				6.500%		WA - 80.00%		Paid Off - 360		01-Jan-2005
4000213547 2			427,000.00		427,000.00				5.875%		ME - 37.14%		Paid Off - 360		01-Jan-2005
4000213547 2					427,000.00				5.875%		ME - 37.14%		Paid Off - 360		01-Jan-2005
4000214078 1			104,500.00		104,253.97			12-Apr-2005		7.250%		WI - 95.00%		Paid Off - 360		01-Feb-2005
4000214078 1					104,253.97			12-Apr-2005		7.250%		WI - 95.00%		Paid Off - 360		01-Feb-2005
4000214586 1			195,000.00		194,355.03				7.000%		NJ - 75.00%		Paid Off - 360		01-Jan-2005
4000214586 1					194,355.03				7.000%		NJ - 75.00%		Paid Off - 360		01-Jan-2005
4000214660 2			425,000.00		425,000.00				8.000%		CA - 78.71%		Paid Off - 360		01-Jan-2005
4000214660 2					425,000.00				8.000%		CA - 78.71%		Paid Off - 360		01-Jan-2005
4000215373 1			335,000.00		335,000.00				6.625%		NV - 85.90%		Paid Off - 360		01-Jan-2005
4000215373 1					335,000.00				6.625%		NV - 85.90%		Paid Off - 360		01-Jan-2005
4000215863 1			240,000.00		240,000.00				6.250%		CA - 80.00%		Paid Off - 360		01-Jan-2005
4000215863 1					240,000.00				6.250%		CA - 80.00%		Paid Off - 360



Page 20 of 27
FFMLT Trust 2005-FF2

Asset Backed Certificates
Asset Backed Certificates
2005-FF2

May 25, 2005 Distribution

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
Loan Number			Original							Current		State &		Type Prepayment

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

4000215890 1			160,000.00		159,632.51			20-Apr-2005		7.375%		NV - 61.54%		Paid Off - 360		01-Feb-2005
			160,000.00

4000218139 1			140,000.00		139,664.64			29-Apr-2005		7.375%		MD - 80.00%		Paid Off - 360		01-Feb-2005
4000218139 1					139,664.64			29-Apr-2005		7.375%		MD - 80.00%		Paid Off - 360		01-Feb-2005
4000219196 2			583,200.00		583,200.00				5.875%		CA - 80.00%		Paid Off - 360		01-Jan-2005
4000219196 2					583,200.00				5.875%		CA - 80.00%		Paid Off - 360		01-Jan-2005
4000219334 1			160,200.00		159,807.65				8.500%		TX - 90.00%		Paid Off - 360		01-Jan-2005
4000219334 1					159,807.65				8.500%		TX - 90.00%		Paid Off - 360		01-Jan-2005
4000219686 1			110,000.00		109,653.80			04-Apr-2005		5.750%		FL - 74.33%		Paid Off - 360		01-Feb-2005
4000219686 1					109,653.80			04-Apr-2005		5.750%		FL - 74.33%		Paid Off - 360		01-Feb-2005
4000221107 2			140,000.00		139,730.35			25-Apr-2005		8.250%		FL - 80.00%		Paid Off - 360		01-Feb-2005
4000221107 2					139,730.35			25-Apr-2005		8.250%		FL - 80.00%		Paid Off - 360		01-Feb-2005
4000223513 1			141,450.00		141,150.93			06-Apr-2005		7.999%		NV - 60.20%		Paid Off - 360		01-Feb-2005
4000223513 1					141,150.93			06-Apr-2005		7.999%		NV - 60.20%		Paid Off - 360		01-Feb-2005
4000224371 1			139,500.00		139,110.32			12-Apr-2005		6.375%		MD - 65.50%		Paid Off - 360		01-Feb-2005
4000224371 1					139,110.32			12-Apr-2005		6.375%		MD - 65.50%		Paid Off - 360		01-Feb-2005
4000225232 1			355,700.00		355,700.00			22-Apr-2005		6.875%		CA - 80.00%		Paid Off - 360		01-Feb-2005
4000225232 1					355,700.00			22-Apr-2005		6.875%		CA - 80.00%		Paid Off - 360		01-Feb-2005
4000225827 1			186,200.00		186,200.00			25-Apr-2005		7.875%		MD - 59.30%		Paid Off - 360		01-Feb-2005
4000225827 1					186,200.00			25-Apr-2005		7.875%		MD - 59.30%		Paid Off - 360		01-Feb-2005
4000226812 2			200,000.00		200,000.00			13-Apr-2005		8.625%		MD - 80.00%		Paid Off - 360		01-Feb-2005
4000226812 2					200,000.00			13-Apr-2005		8.625%		MD - 80.00%		Paid Off - 360		01-Feb-2005
4000227686 1			250,000.00		250,000.00			06-Apr-2005		6.625%		CA - 62.50%		Paid Off - 360		01-Feb-2005
4000227686 1					250,000.00			06-Apr-2005		6.625%		CA - 62.50%		Paid Off - 360		01-Feb-2005
4000227781 1			168,150.00		167,723.76			28-Apr-2005		6.875%		WA - 95.00%		Paid Off - 360		01-Feb-2005
4000227781 1					167,723.76			28-Apr-2005		6.875%		WA - 95.00%		Paid Off - 360		01-Feb-2005
4000228159 1			135,000.00		134,674.20			22-Apr-2005		7.125%		MD - 79.42%		Paid Off - 360		01-Feb-2005
4000228159 1					134,674.20			22-Apr-2005		7.125%		MD - 79.42%		Paid Off - 360		01-Feb-2005
4000228948 1			131,200.00		130,842.26			08-Apr-2005		6.500%		OH - 89.87%		Paid Off - 360		01-Feb-2005
4000228948 1					130,842.26			08-Apr-2005		6.500%		OH - 89.87%		Paid Off - 360		01-Feb-2005
4000229953 2			548,000.00		548,000.00			06-Apr-2005		6.000%		CA - 80.00%		Paid Off - 360		01-Feb-2005
4000229953 2					548,000.00			06-Apr-2005		6.000%		CA - 80.00%		Paid Off - 360		01-Feb-2005
4000233942 2			284,500.00		284,030.18			07-Apr-2005		8.999%		RI - 100.00%		Paid Off - 360		01-Feb-2005
4000233942 2					284,030.18			07-Apr-2005		8.999%		RI - 100.00%		Paid Off - 360		01-Feb-2005
4000233983 1			124,000.00		123,978.09			29-Apr-2005		7.375%		CA - 80.00%		Paid Off - 360		01-Feb-2005
4000233983 1					123,978.09			29-Apr-2005		7.375%		CA - 80.00%		Paid Off - 360		01-Feb-2005
4000234548 1			148,500.00		148,167.32			04-Apr-2005		7.500%		WI - 91.67%		Paid Off - 360		01-Feb-2005
4000234548 1					148,167.32			04-Apr-2005		7.500%		WI - 91.67%		Paid Off - 360		01-Feb-2005
4000235542 2			159,550.00		159,265.39			18-Apr-2005		8.625%		FL - 100.00%		Paid Off - 360		01-Feb-2005
4000235542 2					159,265.39			18-Apr-2005		8.625%		FL - 100.00%		Paid Off - 360		01-Feb-2005
4000235555 1			190,000.00		189,574.32			28-Apr-2005		7.500%		OH - 100.00%		Paid Off - 360		01-Feb-2005
4000235555 1					189,574.32			28-Apr-2005		7.500%		OH - 100.00%		Paid Off - 360		01-Feb-2005
4000239616 1			204,000.00		204,000.00			27-Apr-2005		6.375%		FL - 85.00%		Paid Off - 360		01-Feb-2005
4000239616 1					204,000.00			27-Apr-2005		6.375%		FL - 85.00%		Paid Off - 360		01-Feb-2005
4000242102 1			152,000.00		152,000.00			04-Apr-2005		7.500%		FL - 90.00%		Paid Off - 360		01-Feb-2005
4000242102 1					152,000.00			04-Apr-2005		7.500%		FL - 90.00%		Paid Off - 360		01-Feb-2005


TOTAL			25,445,550.00		25,406,703.59
TOTAL


Page 21 of 27
FFMLT Trust 2005-FF2

Asset Backed Certificates
Asset Backed Certificates
2005-FF2

May 25, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



											Group 2		Group 1		Total


Current
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
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 22 of 27
FFMLT Trust 2005-FF2

Asset Backed Certificates
Asset Backed Certificates
2005-FF2

May 25, 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 23 of 27
FFMLT Trust 2005-FF2

Asset Backed Certificates
Asset Backed Certificates
2005-FF2

May 25, 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.




Page 24 of 27
FFMLT Trust 2005-FF2

Asset Backed Certificates
Asset Backed Certificates
2005-FF2

May 25, 2005 Distribution
Realized Loss Detail Report
Loan Number			Current		State &				Prior		Realized				Cumulative
															Cumulative
&		Loan	Note		LTV at		Original		Principal		Loss/(Gain)		Realized		Realized

Loan Group		Status	Rate		Origination		Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)
Loan Group		Status	Rate		Origination		Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)




TOTAL



Page 25 of 27
FFMLT Trust 2005-FF2

Asset Backed Certificates
Asset Backed Certificates
2005-FF2

May 25, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
TRIGGER EVENTS
										Group 2		Group 1		Total
						Stepdown Date has occurred (0 = No, 1=Yes)								0
						Trigger Event in effect - a) or b) in effect (0=No ,								0
						a) Does a Delinquency Trigger Event Exists
						b) Does a Loss Trigger Event Exists (0=No,1=Yes)
						Balances 60+ days includes Bankruptcy and Foreclosure
						Ending Balance
						Senior Enhancement Percentage
						Cumulative Loss Percentage



ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
										Group 2		Group 1		Total
Net Monthly Excess Cashflow														0.00
Net Monthly Excess Cashflow Alloc to Losses														0.00
Net Monthly Excess Cashflow Alloc to Unpaid Int														0.00

Basis Risk CarryForward Amount Paid
Basis Risk CarryForward Amount Unpaid




Page 26 of 27
FFMLT Trust 2005-FF2

Asset Backed Certificates
Asset Backed Certificates
2005-FF2

May 25, 2005 Distribution
Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT


CLASS







Page 27 of 27

First Franklin Mortgage Loan Trust 2005-FF2 8-K