
                                      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):  July 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
     July 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:  Jul 25, 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 July 25, 2005.



FFMLT Trust 2005-FF2

Asset Backed Certificates

2005-FF2

July 25, 2005 Distribution

				External Parties						Table of Contents

													Page
				Seller
										1. Certificate Payment Report					2
				Goldman Sachs Mortgage Securities
										2. Collection Account Report					6

										3. Credit Enhancement Report					8
										4. Collateral Report					9
				Certificate Insurer(s)						5. Delinquency Report					12

										6. REO Report					15

										7. Foreclosure Report					16
										8. Prepayment Report					17
										9. Prepayment Detail Report					20

										10. Realized Loss Report					25
										11. Realized Loss Detail Report					28
				Servicer(s)
										12. Triggers and Adj. Cert. Report					29
				Countrywide Funding Corporation
										13. Additional Certificate Report					30

										14. Other Related Information					31


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


										Total Number of Pages					31


				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

										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92705
				Distribution Date:			July 25, 2005
										Factor Information:			(800) 735-7777
				Record Date:			June 30, 2005
										Main Phone Number:			(714) 247-6000

							July 22, 2005


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






Page 1 of 31
FFMLT Trust 2005-FF2

Asset Backed Certificates

2005-FF2

July 25, 2005 Distribution
Certificate Payment Report
Current Period Distribution - REMIC V
					Prior												Current
	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		757,172,342.58		2,081,438.17		25,523,349.56		27,604,787.73		0.00		0.00		731,648,993.02

A-2A	FLT/STEP/AF	$	329,624,000.00		302,755,591.73		801,651.73		14,153,916.25		14,955,567.98		0.00		0.00		288,601,675.48
A-2B	FLT/STEP/AF	$	174,940,000.00		174,940,000.00		475,460.87		0.00		475,460.87		0.00		0.00		174,940,000.00
A-2C	FLT/STEP/AF	$	91,981,000.00		91,981,000.00		259,290.96		0.00		259,290.96		0.00		0.00		91,981,000.00
M-1	FLT/STEP/AF	$	65,240,000.00		65,240,000.00		188,475.90		0.01		188,475.91		0.00		0.00		65,239,999.99
M-2	FLT/STEP/AF	$	59,151,000.00		59,151,000.00		172,725.26		0.00		172,725.26		0.00		0.00		59,151,000.00
M-3	FLT/STEP/AF	$	34,794,000.00		34,794,000.00		102,683.51		0.00		102,683.51		0.00		0.00		34,794,000.00
M-4	FLT/STEP/AF	$	29,576,000.00		29,576,000.00		89,814.62		0.00		89,814.62		0.00		0.00		29,576,000.00
M-5	FLT/STEP/AF	$	28,705,000.00		28,705,000.00		88,062.67		0.00		88,062.67		0.00		0.00		28,705,000.00
M-6	FLT/STEP/AF	$	25,226,000.00		25,226,000.00		78,763.03		0.00		78,763.03		0.00		0.00		25,226,000.00
B-1	FLT/STEP/AF	$	22,617,000.00		22,617,000.00		81,171.56		0.00		81,171.56		0.00		0.00		22,617,000.00
B-2	FLT/STEP/AF	$	20,007,000.00		20,007,000.00		71,804.37		0.00		71,804.37		0.00		0.00		20,007,000.00
B-3	FLT/STEP/AF	$	14,788,000.00		14,788,000.00		61,699.91		0.00		61,699.91		0.00		0.00		14,788,000.00
B-4	FLT/STEP/AF	$	13,048,000.00		13,048,000.00		59,006.91		0.00		59,006.91		0.00		0.00		13,048,000.00
B-5	FLT/STEP/AF	$	17,397,000.00		17,397,000.00		78,674.38		0.00		78,674.38		0.00		0.00		17,397,000.00
X	EXE	$	29,575,586.80		29,575,406.38		2,358,773.59		0.00		2,358,773.59		0.01		0.01		29,575,406.38
P	EXE	$	0.00		0.00		705,552.40		0.00		705,552.40		0.00		0.00		0.00
R-1	EXE	$	100.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
R-2	EXE	$	100.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			1,739,729,786.80		1,686,973,340.69		7,755,049.84		39,677,265.82		47,432,315.66		0.01		0.01		1,647,296,074.87






Page 2 of 31
FFMLT Trust 2005-FF2

Asset Backed Certificates

2005-FF2

July 25, 2005 Distribution

Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face-
									Orig. Principal		Prior							Current

	Period		Period						(with Notional)		Principal						Total	Principal

Class	Starting		Ending		Method		Cusip		Balance		Balance		Interest		Principal		Distribution	Balance

									(1)		(1)		(2)		(3)		(4)=(2)+(3)	(5)
A-1	06/27/05		07/24/05		A-Act/360		36242DM67		783,060,000.00		966.940391		2.658083		32.594373		35.252455	934.346018
A-2A	06/27/05		07/24/05		A-Act/360		36242DM75		329,624,000.00		918.487706		2.432019		42.939580		45.371599	875.548126
A-2B	06/27/05		07/24/05		A-Act/360		36242DM83		174,940,000.00		1,000.000000		2.717851		0.000000		2.717851	1,000.000000
A-2C	06/27/05		07/24/05		A-Act/360		36242DM91		91,981,000.00		1,000.000000		2.818962		0.000000		2.818962	1,000.000000
M-1	06/27/05		07/24/05		A-Act/360		36242DN25		65,240,000.00		1,000.000000		2.888962		0.000000		2.888962	1,000.000000
M-2	06/27/05		07/24/05		A-Act/360		36242DN33		59,151,000.00		1,000.000000		2.920073		0.000000		2.920073	1,000.000000
M-3	06/27/05		07/24/05		A-Act/360		36242DN41		34,794,000.00		1,000.000000		2.951184		0.000000		2.951184	1,000.000000
M-4	06/27/05		07/24/05		A-Act/360		36242DN58		29,576,000.00		1,000.000000		3.036740		0.000000		3.036740	1,000.000000
M-5	06/27/05		07/24/05		A-Act/360		36242DN66		28,705,000.00		1,000.000000		3.067851		0.000000		3.067851	1,000.000000
M-6	06/27/05		07/24/05		A-Act/360		36242DN74		25,226,000.00		1,000.000000		3.122296		0.000000		3.122296	1,000.000000
B-1	06/27/05		07/24/05		A-Act/360		36242DN82		22,617,000.00		1,000.000000		3.588962		0.000000		3.588962	1,000.000000
B-2	06/27/05		07/24/05		A-Act/360		36242DN90		20,007,000.00		1,000.000000		3.588962		0.000000		3.588962	1,000.000000
B-3	06/27/05		07/24/05		A-Act/360		36242DP23		14,788,000.00		1,000.000000		4.172296		0.000000		4.172296	1,000.000000
B-4	06/27/05		07/24/05		A-Act/360		36242DQ89		13,048,000.00		1,000.000000		4.522295		0.000000		4.522295	1,000.000000
B-5	06/27/05		07/24/05		A-Act/360		36242DQ97		17,397,000.00		1,000.000000		4.522296		0.000000		4.522296	1,000.000000
X	06/01/05		06/30/05		A-30/360		36242D2Z5		29,575,586.80		999.993900		79.754076		0.000000		79.754076	999.993900
P	06/01/05		06/30/05		A-30/360		36242D2Y8		0.00		0.000000		0.000000		0.000000		0.000000	0.000000
R-1	06/01/05		06/30/05		A-30/360		36242D2U6		100.00		0.000000		0.000000		0.000000		0.000000	0.000000
R-2	06/01/05		06/30/05		A-30/360		36242D2V4		100.00		0.000000		0.000000		0.000000		0.000000	0.000000




Page 3 of 31
FFMLT Trust 2005-FF2

Asset Backed Certificates

2005-FF2

July 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		6,345,718.83		50,570,079.64		840,927.34		51,411,006.98		57,756,725.81		0.00		0.00		731,648,993.02
A-2A	329,624,000.00		2,501,882.43		40,308,094.82		714,229.70		41,022,324.52		43,524,206.95		0.00		0.00		288,601,675.48
A-2B	174,940,000.00		1,424,947.72		0.00		0.00		0.00		1,424,947.72		0.00		0.00		174,940,000.00
A-2C	91,981,000.00		778,447.06		0.00		0.00		0.00		778,447.06		0.00		0.00		91,981,000.00
M-1	65,240,000.00		566,487.33		0.02		0.00		0.01		566,487.34		0.00		0.00		65,239,999.99
M-2	59,151,000.00		519,399.42		0.00		0.00		0.00		519,399.42		0.00		0.00		59,151,000.00
M-3	34,794,000.00		308,924.95		0.00		0.00		0.00		308,924.95		0.00		0.00		34,794,000.00
M-4	29,576,000.00		270,548.63		0.00		0.00		0.00		270,548.63		0.00		0.00		29,576,000.00
M-5	28,705,000.00		265,387.81		0.00		0.00		0.00		265,387.81		0.00		0.00		28,705,000.00
M-6	25,226,000.00		237,539.68		0.00		0.00		0.00		237,539.68		0.00		0.00		25,226,000.00
B-1	22,617,000.00		246,143.73		0.00		0.00		0.00		246,143.73		0.00		0.00		22,617,000.00
B-2	20,007,000.00		217,738.76		0.00		0.00		0.00		217,738.76		0.00		0.00		20,007,000.00
B-3	14,788,000.00		188,051.05		0.00		0.00		0.00		188,051.05		0.00		0.00		14,788,000.00
B-4	13,048,000.00		180,277.20		0.00		0.00		0.00		180,277.20		0.00		0.00		13,048,000.00
B-5	17,397,000.00		240,365.00		0.00		0.00		0.00		240,365.00		0.00		0.00		17,397,000.00
X	29,575,586.80		7,497,892.39		176.78		3.63		180.42		7,498,072.81		0.01		0.01		29,575,406.38
P	0.00		1,526,474.86		0.00		0.00		0.00		1,526,474.86		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		23,316,226.85		90,878,547.24		1,555,164.69		92,433,711.93		115,749,938.78		0.01		0.01		1,647,296,074.87



Page 4 of 31
FFMLT Trust 2005-FF2

Asset Backed Certificates

2005-FF2

July 25, 2005 Distribution

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


	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	3.53438%		757,172,342.58		2,081,438.17		0.00		0.00		0.00		2,081,438.17		2,081,438.17		0.00
A-2A	3.40438%		302,755,591.73		801,651.73		0.00		0.00		0.00		801,651.73		801,651.73		0.00
A-2B	3.49438%		174,940,000.00		475,460.87		0.00		0.00		0.00		475,460.87		475,460.87		0.00
A-2C	3.62438%		91,981,000.00		259,290.96		0.00		0.00		0.00		259,290.96		259,290.96		0.00
M-1	3.71438%		65,240,000.00		188,475.90		0.00		0.00		0.00		188,475.90		188,475.90		0.00
M-2	3.75438%		59,151,000.00		172,725.26		0.00		0.00		0.00		172,725.26		172,725.26		0.00
M-3	3.79438%		34,794,000.00		102,683.51		0.00		0.00		0.00		102,683.51		102,683.51		0.00
M-4	3.90438%		29,576,000.00		89,814.62		0.00		0.00		0.00		89,814.62		89,814.62		0.00
M-5	3.94438%		28,705,000.00		88,062.67		0.00		0.00		0.00		88,062.67		88,062.67		0.00
M-6	4.01438%		25,226,000.00		78,763.03		0.00		0.00		0.00		78,763.03		78,763.03		0.00
B-1	4.61438%		22,617,000.00		81,171.56		0.00		0.00		0.00		81,171.56		81,171.56		0.00
B-2	4.61438%		20,007,000.00		71,804.37		0.00		0.00		0.00		71,804.37		71,804.37		0.00
B-3	5.36438%		14,788,000.00		61,699.91		0.00		0.00		0.00		61,699.91		61,699.91		0.00
B-4	5.81438%		13,048,000.00		59,006.91		0.00		0.00		0.00		59,006.91		59,006.91		0.00
B-5	5.81438%		17,397,000.00		78,674.38		0.00		0.00		0.00		78,674.38		78,674.38		0.00
X	95.70548%		29,575,406.38		0.00		-11,425,220.67		0.00		0.00		18,159,717.51		2,358,773.60		15,800,943.91
P	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		705,552.40		0.00
R-1	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
R-2	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			1,686,973,340.69		4,690,723.85		-11,425,220.67		0.00		0.00		22,850,441.36		7,755,049.85		15,800,943.91



Page 5 of 31
FFMLT Trust 2005-FF2

Asset Backed Certificates

2005-FF2

July 25, 2005 Distribution
Collection Account Report
SUMMARY

										Group 2		Group 1		Total
Principal Collections										14,153,916.25		25,523,349.56		39,677,265.81
Principal Withrawals										0.00		0.00		0.00
Principal Other Accounts										0.00		0.00		0.00
TOTAL NET PRINCIPAL										14,153,916.25		25,523,349.56		39,677,265.81
Interest Collections										3,748,513.84		4,982,367.43		8,730,881.27
Interest Withdrawals										-0.00		-0.00		-0.00
Interest Other Accounts										0.00		705,552.40		-844,449.88
Interest Fees										-59,531.11		-71,850.43		-131,381.54
TOTAL NET INTEREST										3,688,982.73		5,616,069.40		9,305,052.13
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION										17,842,898.98		31,139,418.96		47,432,315.67



PRINCIPAL - COLLECTIONS

											Group 2		Group 1		Total
Scheduled Principal Received											191,682.66		319,411.69		511,094.35
Prepayments In Full											13,882,441.18		25,158,354.61		39,040,795.79
Curtailments											#######		45,583.26		125,375.67
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											-161,488.69		-272,241.77		-433,730.46
Advanced Principal											161,488.69		272,241.77		433,730.46
TOTAL PRINCIPAL COLLECTED											14,153,916.25		25,523,349.56		39,677,265.81


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



PRINCIPAL - OTHER ACCOUNTS

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





Page 6 of 31
FFMLT Trust 2005-FF2

Asset Backed Certificates

2005-FF2

July 25, 2005 Distribution

INTEREST - COLLECTIONS

										Group 2		Group 1		Total
Scheduled Interest										3,992,863.52		5,313,337.47		9,306,200.99
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										-17,173.72		-23,836.57		-41,010.29
Compensating Interest										17,173.72		23,836.56		41,010.28
Delinquent Interest										-3,248,717.29		-4,400,036.33		-7,648,753.62
Interest Advanced										3,004,367.62		4,069,066.30		7,073,433.92
TOTAL INTEREST COLLECTED										3,748,513.84		4,982,367.43		8,730,881.27


INTEREST - WITHDRAWALS

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



INTEREST - OTHER ACCOUNTS

										Group 2		Group 1		Total
Prepayment Charges														705,552.40
SWAP Payment Received from GSMS														4,246,657.26
SWAP Amount Paid to GSMS														-5,796,659.54
TOTAL INTEREST OTHER ACCOUNTS										0.00		705,552.40		-844,449.88



INTEREST - FEES

										Group 2		Group 1		Total
Current Servicing Fees										57,898.97		69,686.88		127,585.85
Current Trustee Fees										1,632.14		2,163.55		3,795.69
TOTAL INTEREST OTHER FEES										59,531.11		71,850.43		131,381.54




Page 7 of 31
FFMLT Trust 2005-FF2

Asset Backed Certificates

2005-FF2

July 25, 2005 Distribution
Credit Enhancement Report

ACCOUNTS


RESERVE

Deposits						0.00
Releases						0.00
Withdrawals						0.00




INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES

										Group 2		Group 1		Total
Overcollateralization Amount														29,575,406.38
Overcollateralization Target Amount														29,575,406.38
Overcollateralization Deficiency Amount														0.00
Overcollateralization Release Amount														0.00



Page 8 of 31
FFMLT Trust 2005-FF2

Asset Backed Certificates

2005-FF2

July 25, 2005 Distribution
Collateral Report


COLLATERAL



											Group 2		Group 1		Total



Loan Count:


Original										2,327		5,589		7,916
Prior										2,251		5,463		7,714
Prefunding										0		0		0
Scheduled Paid Offs										-0		-0		-0
Full Voluntary Prepayments										-48		-123		-171
Repurchases										-0		-0		-0
Liquidations										-0		-0		-0
Current										2,203		5,340		7,543
Principal Balance:


Original										752,263,789.79		987,465,997.01		1,739,729,786.80
Prior										725,396,743.15		961,576,597.53		1,686,973,340.68
Prefunding										0.00		0.00		0.00
Scheduled Principal										-191,682.66		-319,411.69		-511,094.35
Partial Prepayments										-79,792.41		-45,583.26		-125,375.67
Full Voluntary Prepayments										-13,882,441.18		-25,158,354.61		-39,040,795.79
Repurchases										-0.00		-0.00		-0.00
Liquidations										-0.00		-0.00		-0.00
Current										711,242,826.90		936,053,247.97		1,647,296,074.87





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 9 of 31
FFMLT Trust 2005-FF2

Asset Backed Certificates

2005-FF2

July 25, 2005 Distribution

CHARACTERISTICS

										Group 2		Group 1		Total
Weighted Average Coupon Original										6.62054%		6.63163%		6.62684%
Weighted Average Coupon Prior										6.61293%		6.63310%		6.62441%
Weighted Average Coupon Current										6.60526%		6.63078%		6.61981%
Weighted Average Months to Maturity Original										354		353		354
Weighted Average Months to Maturity Prior										353		352		353
Weighted Average Months to Maturity Current										352		351		352
Weighted Avg Remaining Amortization Term Original										354		353		354
Weighted Avg Remaining Amortization Term Prior										353		352		353
Weighted Avg Remaining Amortization Term Current										352		351		352
Weighted Average Seasoning Original										4.89		4.88		4.88
Weighted Average Seasoning Prior										5.89		5.87		5.88
Weighted Average Seasoning Current										6.89		6.87		6.88









Page 10 of 31
FFMLT Trust 2005-FF2

Asset Backed Certificates

2005-FF2

July 25, 2005 Distribution

ARM CHARACTERISTICS

										Group 2		Group 1		Total
Weighted Average Margin Original										4.72795%		4.80544%		4.77087%
Weighted Average Margin Prior										4.72013%		4.80287%		4.76608%
Weighted Average Margin Current										4.71412%		4.80033%		4.76212%
Weighted Average Max Rate Original										12.58995%		12.53968%		12.56210%
Weighted Average Max Rate Prior										12.57935%		12.53469%		12.55455%
Weighted Average Max Rate Current										12.56752%		12.52907%		12.54612%
Weighted Average Min Rate Original										6.58995%		6.54456%		6.56481%
Weighted Average Min Rate Prior										6.57935%		6.53964%		6.55729%
Weighted Average Min Rate Current										6.56752%		6.53408%		6.54890%
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										57,898.97		69,686.88		127,585.85
Delinquent Servicing Fees										244,349.67		330,970.04		575,319.71
TOTAL SERVICING FEES										302,248.65		400,656.92		702,905.57


Compensating Interest										-17,173.72		-23,836.56		-41,010.28
Delinquent Servicing Fees										-244,349.67		-330,970.04		-575,319.71
COLLECTED SERVICING FEES										40,725.26		45,850.32		86,575.58


Aggregate Advances with respect to this Distribution										3,165,856.31		4,341,308.07		7,507,164.38





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

Current LIBOR Rate														3.314380%

Next LIBOR Rate														0.000000%




Page 11 of 31
FFMLT Trust 2005-FF2

Asset Backed Certificates

2005-FF2

July 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				15,924,257.70		2,183,765.86		739,853.75		18,847,877.31
			% Balance				0.97%		0.13%		0.04%		1.14%
			# Loans				96		11		4		111
			% # Loans				1.27%		0.15%		0.05%		1.47%
	FORECLOSURE		Balance		88,902.57		2,185,817.77		2,734,632.23		4,980,147.97		9,989,500.54
			% Balance		0.01%		0.13%		0.17%		0.30%		0.61%
			# Loans		1		9		14		20		44
			% # Loans		0.01%		0.12%		0.19%		0.27%		0.58%
	BANKRUPTCY		Balance		3,311,419.87		246,394.42		0.00		155,814.60		3,713,628.89
			% Balance		0.20%		0.01%		0.00%		0.01%		0.23%
			# Loans		19		2		0		2		23
			% # Loans		0.25%		0.03%		0.00%		0.03%		0.30%
	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		3,400,322.44		18,356,469.89		4,918,398.09		5,875,816.32		32,551,006.74
			% Balance		0.21%		1.11%		0.30%		0.36%		1.98%
			# Loans		20		107		25		26		178
			% # Loans		0.27%		1.42%		0.33%		0.34%		2.36%









Page 12 of 31
FFMLT Trust 2005-FF2

Asset Backed Certificates

2005-FF2

July 25, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				9,727,945.70		1,416,922.80		739,853.75		11,884,722.25
			% Balance				1.04%		0.15%		0.08%		1.27%
			# Loans				61		8		4		73
			% # Loans				1.14%		0.15%		0.07%		1.37%
	FORECLOSURE		Balance		0.00		725,877.77		1,011,236.51		1,636,224.52		3,373,338.80
			% Balance		0.00%		0.08%		0.11%		0.17%		0.36%
			# Loans		0		5		6		10		21
			% # Loans		0.00%		0.09%		0.11%		0.19%		0.39%
	BANKRUPTCY		Balance		2,817,407.03		246,394.42		0.00		96,000.00		3,159,801.45
			% Balance		0.30%		0.03%		0.00%		0.01%		0.34%
			# Loans		17		2		0		1		20
			% # Loans		0.32%		0.04%		0.00%		0.02%		0.37%
	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		2,817,407.03		10,700,217.89		2,428,159.31		2,472,078.27		18,417,862.50
			% Balance		0.30%		1.14%		0.26%		0.26%		1.97%
			# Loans		17		68		14		15		114
			% # Loans		0.32%		1.27%		0.26%		0.28%		2.13%










Page 13 of 31
FFMLT Trust 2005-FF2

Asset Backed Certificates

2005-FF2

July 25, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				6,196,312.00		766,843.06		0.00		6,963,155.06
			% Balance				0.87%		0.11%		0.00%		0.98%
			# Loans				35		3		0		38
			% # Loans				1.59%		0.14%		0.00%		1.72%
	FORECLOSURE		Balance		88,902.57		1,459,940.00		1,723,395.72		3,343,923.45		6,616,161.74
			% Balance		0.01%		0.21%		0.24%		0.47%		0.93%
			# Loans		1		4		8		10		23
			% # Loans		0.05%		0.18%		0.36%		0.45%		1.04%
	BANKRUPTCY		Balance		494,012.84		0.00		0.00		59,814.60		553,827.44
			% Balance		0.07%		0.00%		0.00%		0.01%		0.08%
			# Loans		2		0		0		1		3
			% # Loans		0.09%		0.00%		0.00%		0.05%		0.14%
	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		582,915.41		7,656,252.00		2,490,238.78		3,403,738.05		14,133,144.24
			% Balance		0.08%		1.08%		0.35%		0.48%		1.99%
			# Loans		3		39		11		11		64
			% # Loans		0.14%		1.77%		0.50%		0.50%		2.91%









Page 14 of 31
FFMLT Trust 2005-FF2

Asset Backed Certificates

2005-FF2

July 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 15 of 31
FFMLT Trust 2005-FF2

Asset Backed Certificates

2005-FF2

July 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
35430743 1
			211,500.00		211,500.00		01-Apr-2005		7.375%		IL - 90.00%		360		01-Dec-2004

35458769 1			216,000.00		216,000.00		01-Apr-2005		7.500%		MN - 90.00%		360		01-Jan-2005
35552066 1			196,000.00		195,999.25		01-Feb-2005		6.375%		CA - 80.00%		360		01-Feb-2005
35589050 1			90,000.00		89,557.77		01-Apr-2005		7.875%		FL - 75.00%		360		01-Jan-2005
35605211 1			172,000.00		172,000.00		01-Feb-2005		6.500%		CO - 80.00%		360		01-Jan-2005
35659093 1			123,920.00		123,920.00		01-Apr-2005		5.875%		GA - 80.00%		360		01-Dec-2004
35741529 1			99,200.00		98,783.60		01-Mar-2005		7.875%		IL - 80.00%		360		01-Feb-2005
35749506 1			332,500.00		331,032.91		01-Mar-2005		7.625%		IL - 95.00%		360		01-Feb-2005
35857788 1			129,600.00		129,600.00		01-Jan-2005		5.750%		MN - 80.00%		360		01-Feb-2005
35858018 1			173,100.00		173,100.00		01-Feb-2005		6.000%		MN - 79.99%		360		01-Feb-2005
35897180 1			322,500.00		322,500.00		01-Feb-2005		7.375%		CA - 75.00%		360		01-Feb-2005
4000189324 1			84,900.00		84,900.00		01-Apr-2005		7.000%		OH - 79.96%		360		01-Dec-2004
4000209072 1			144,000.00		144,000.00		01-Feb-2005		7.999%		MI - 90.00%		360		01-Feb-2005
4000220616 1			62,100.00		61,826.00		01-Feb-2005		7.625%		MI - 90.00%		360		01-Feb-2005
4000225858 1			176,000.00		176,000.00		01-Mar-2005		6.125%		FL - 80.00%		360		01-Feb-2005
4000227063 1			77,900.00		77,900.00		01-Mar-2005		7.750%		OH - 95.00%		360		01-Feb-2005
4000227191 1			224,000.00		224,000.00		01-Feb-2005		6.625%		CA - 80.00%		360		01-Feb-2005
4000232575 1			111,520.00		111,520.00		01-Mar-2005		6.250%		WA - 80.00%		360		01-Feb-2005
4000232824 1			103,950.00		103,949.27		01-Feb-2005		5.625%		KY - 79.98%		360		01-Feb-2005
4000234922 1			216,000.00		216,000.00		01-Mar-2005		5.750%		WV - 80.00%		360		01-Feb-2005
4000238869 1			109,250.00		109,250.00		01-Jan-2005		7.250%		MI - 84.04%		360		01-Feb-2005
35392331 2			159,600.00		158,994.29		01-Mar-2005		8.375%		NM - 95.00%		360		01-Feb-2005
35421130 2			280,000.00		280,000.00		01-Apr-2005		8.125%		TN - 83.33%		360		01-Dec-2004
35447515 2			205,700.00		205,700.00		01-Apr-2005		8.250%		MN - 85.00%		360		01-Dec-2004
35722941 2			427,000.00		427,000.00		01-Mar-2005		7.750%		CA - 84.89%		360		01-Jan-2005
35730340 2			198,050.00		197,259.38		01-Mar-2005		8.125%		CA - 85.00%		360		01-Feb-2005
35748300 2			125,100.00		124,660.14		01-Feb-2005		8.750%		IN - 90.00%		360		01-Feb-2005
35778661 2			73,100.00		72,862.08		01-Mar-2005		9.125%		TN - 85.00%		360		01-Feb-2005
35857051 2			103,000.00		102,628.49		01-Jan-2005		8.625%		MN - 100.00%		360		01-Feb-2005
35874668 2			600,000.00		600,000.00		01-Jan-2005		5.990%		CA - 80.00%		360		01-Feb-2005
4000166500 2			482,400.00		482,400.00		01-Apr-2005		5.750%		VA - 80.00%		360		01-Jan-2005
4000202197 2			156,000.00		155,465.44		01-Mar-2005		8.875%		CT - 80.00%		360		01-Feb-2005
4000205868 2			102,600.00		102,600.00		01-Feb-2005		8.500%		FL - 90.00%		360		01-Jan-2005
4000214773 2			407,000.00		405,204.24		01-Feb-2005		7.625%		MI - 99.27%		360		01-Feb-2005
4000218017 2			60,000.00		59,814.60		01-Jan-2005		9.375%		MI - 78.95%		360		01-Feb-2005
4000218203 2			520,000.00		518,171.93		01-Jan-2005		8.750%		MO - 100.00%		360		01-Feb-2005
4000219343 2			360,000.00		358,971.54		01-Feb-2005		9.750%		NY - 90.00%		360		01-Feb-2005
4000220310 2			491,840.00		491,840.00		01-Apr-2005		6.625%		CO - 79.99%		360		01-Jan-2005
4000222910 2			40,800.00		40,637.12		01-Mar-2005		8.125%		TX - 80.00%		360		01-Feb-2005
4000227542 2			116,000.00		115,622.51		01-Jan-2005		9.125%		MI - 80.00%		360		01-Feb-2005
4000227633 2			484,000.00		481,916.98		01-Mar-2005		7.750%		MA - 100.00%		360		01-Feb-2005
4000230173 2			89,250.00		88,902.57		01-Jun-2005		8.250%		MI - 85.00%		360		01-Feb-2005
4000231659 2			956,250.00		956,250.00		01-Feb-2005		6.999%		CA - 75.00%		360		01-Feb-2005
4000234127 2			190,000.00		189,260.43		01-Mar-2005		8.250%		CO - 100.00%		360		01-Feb-2005


TOTAL			10,003,630.00		9,989,500.54


Page 16 of 31
FFMLT Trust 2005-FF2

Asset Backed Certificates

2005-FF2

July 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS


											Group 2		Group 1		Total




Current


Number of Paid in Full Loans										48		123		171
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										48		123		171
Curtailments Amount										79,792.41		45,583.26		125,375.67
Paid in Full Balance										13,882,441.18		25,158,354.61		39,040,795.79
Repurchased Loans Balance										0.00		0.00		0.00
Total Prepayment Amount										13,962,233.59		25,203,937.87		39,166,171.46

Cumulative


Number of Paid in Full Loans										124		248		372
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										124		248		372
Paid in Full Balance										40,234,301.68		50,068,407.14		90,302,708.82
Repurchased Loans Balance										0.00		0.00		0.00
Curtailments Amount										204,996.71		163,604.74		368,601.45
Total Prepayment Amount										40,439,298.39		50,232,011.88		90,671,310.27










Page 17 of 31
FFMLT Trust 2005-FF2

Asset Backed Certificates

2005-FF2

July 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES


											Group 2		Group 1		Total



SMM										1.93%		2.62%		2.32%
3 Months Avg SMM										1.83%		1.73%		1.77%
12 Months Avg SMM										1.83%		1.73%		1.77%
Avg SMM Since Cut-off										1.83%		1.73%		1.77%


CPR										20.81%		27.30%		24.57%
3 Months Avg CPR										19.84%		18.93%		19.33%
12 Months Avg CPR										19.84%		18.93%		19.33%
Avg CPR Since Cut-off										19.84%		18.93%		19.33%


PSA										1,511.02%		1,987.41%		1,786.79%
3 Months Avg PSA Approximation										1,685.09%		1,611.53%		1,643.46%
12 Months Avg PSA Approximation										1,685.09%		1,611.53%		1,643.46%
Avg PSA Since Cut-off Approximation										1,685.10%		1,611.53%		1,643.46%










Page 18 of 31
FFMLT Trust 2005-FF2

Asset Backed Certificates

2005-FF2

July 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 19 of 31
FFMLT Trust 2005-FF2

Asset Backed Certificates

2005-FF2

July 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	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

34656801 1			140,000.00		140,000.00				7.625%		WI - 85.89%		Paid Off - 360		01-Dec-2004


34743229 1			133,950.00		132,548.39				6.375%		VA - 95.00%		Paid Off - 360		01-Aug-2004

34871533 1			367,550.00		365,455.46				7.125%		NY - 95.00%		Paid Off - 360		01-Dec-2004

34880534 1			352,000.00		350,155.82				6.750%		NY - 88.00%		Paid Off - 360		01-Jan-2005

35038553 1			227,000.00		227,000.00				5.875%		CA - 79.99%		Paid Off - 360		01-Jan-2005

35096262 1			76,000.00		75,638.83				7.250%		OH - 95.00%		Paid Off - 360		01-Jan-2005

35100759 1			80,000.00		79,469.27				6.375%		OH - 80.00%		Paid Off - 360		01-Dec-2004

35190966 2			385,350.00		385,350.00				5.250%		CA - 80.00%		Paid Off - 360		01-Dec-2004

35199850 1			169,900.00		169,900.00				6.750%		CA - 79.98%		Paid Off - 360		01-Dec-2004

35270982 1			276,000.00		276,000.00				6.750%		CA - 80.00%		Paid Off - 360		01-Dec-2004

35277110 2			112,000.00		111,040.98				7.500%		CA - 50.91%		Paid Off - 360		01-Dec-2004

35308618 1			191,250.00		190,291.35				8.990%		NV - 85.00%		Paid Off - 360		01-Dec-2004

35338003 2			207,000.00		205,994.19				8.250%		ID - 90.00%		Paid Off - 360		01-Dec-2004

35340553 1			161,900.00		161,850.50				7.375%		OR - 89.99%		Paid Off - 360		01-Dec-2004

35387703 2			540,000.00		536,019.80				6.500%		AZ - 80.00%		Paid Off - 360		01-Nov-2004

35389212 2			118,750.00		118,194.60				8.125%		AZ - 92.05%		Paid Off - 360		01-Dec-2004

35389352 2			119,000.00		118,944.81				8.250%		AZ - 85.00%		Paid Off - 360		01-Dec-2004

35390343 2			165,000.00		164,303.17				8.625%		AZ - 100.00%		Paid Off - 360		01-Dec-2004

35391291 1			124,000.00		124,000.00				6.250%		AZ - 80.00%		Paid Off - 360		01-Dec-2004

35392521 1			112,000.00		112,000.00				6.500%		AZ - 80.00%		Paid Off - 360		01-Jan-2005

35392737 1			207,350.00		207,296.11				6.625%		AZ - 80.01%		Paid Off - 360		01-Dec-2004

35396597 1			348,000.00		348,000.00				6.000%		AZ - 80.00%		Paid Off - 360		01-Jan-2005

35406834 1			222,300.00		221,692.97				7.375%		GA - 90.00%		Paid Off - 360		01-Dec-2004

35431709 1			269,800.00		268,406.72				7.625%		IL - 95.00%		Paid Off - 360		01-Dec-2004

35431717 1			125,000.00		124,221.27				7.375%		IL - 100.00%		Paid Off - 360		01-Nov-2004

35433473 1			161,100.00		161,100.00				7.500%		IL - 90.00%		Paid Off - 360		01-Jan-2005

35433952 1			147,250.00		146,324.52				6.625%		IL - 95.00%		Paid Off - 360		01-Dec-2004

35434083 1			222,000.00		222,000.00				6.625%		IL - 80.73%		Paid Off - 360		01-Dec-2004

35438076 1			262,000.00		260,506.94				7.125%		IL - 90.00%		Paid Off - 360		01-Dec-2004

35438167 1			328,950.00		328,950.00				6.250%		IL - 90.00%		Paid Off - 360		01-Dec-2004

35438209 1			171,000.00		170,383.21				8.625%		KS - 92.43%		Paid Off - 360		01-Jan-2005

35447390 1			208,000.00		206,693.91				6.625%		MN - 74.29%		Paid Off - 360		01-Dec-2004

35450535 1			150,000.00		149,921.68				6.500%		MN - 89.29%		Paid Off - 360		01-Dec-2004

35450691 2			155,550.00		155,550.00				8.000%		WI - 85.00%		Paid Off - 360		01-Dec-2004

35455492 1			189,000.00		189,000.00			01-Jun-2005		7.000%		MN - 90.00%		Paid Off - 360		01-Feb-2005

35458033 1			232,000.00		232,000.00				6.250%		MN - 88.55%		Paid Off - 360		01-Jan-2005

35497205 2			397,000.00		394,056.47				5.750%		CA - 84.83%		Paid Off - 360		01-Dec-2004



Page 20 of 31
FFMLT Trust 2005-FF2

Asset Backed Certificates

2005-FF2

July 25, 2005 Distribution

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


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

35497635 1			323,650.00		323,650.00				5.875%		CA - 79.99%		Paid Off - 360		01-Jan-2005


35511336 1			319,000.00		317,246.10				6.500%		CA - 66.46%		Paid Off - 360		01-Jan-2005

35526680 1			133,400.00		132,616.05				6.125%		NC - 79.95%		Paid Off - 360		01-Dec-2004

35527936 2			202,300.00		202,300.00				8.500%		NC - 85.00%		Paid Off - 360		01-Jan-2005

35528488 1			284,000.00		282,571.86				7.000%		NC - 82.32%		Paid Off - 360		01-Jan-2005

35554393 1			323,000.00		321,039.75				7.500%		CA - 95.00%		Paid Off - 360		01-Nov-2004

35560077 1			153,000.00		152,127.48				7.125%		CA - 90.00%		Paid Off - 360		01-Dec-2004

35569029 1			346,500.00		346,500.00			03-Jun-2005		7.990%		CA - 90.00%		Paid Off - 360		01-Feb-2005

35574631 2			105,000.00		104,519.10				8.250%		FL - 100.00%		Paid Off - 360		01-Dec-2004

35582121 2			128,000.00		127,996.62				7.625%		FL - 80.00%		Paid Off - 360		01-Dec-2004

35582378 1			136,000.00		136,000.00				7.000%		FL - 80.00%		Paid Off - 360		01-Jan-2005

35584705 1			190,000.00		189,231.20			29-Jun-2005		7.125%		FL - 95.00%		Paid Off - 360		01-Feb-2005

35596394 1			185,000.00		185,000.00				7.990%		CO - 89.37%		Paid Off - 360		01-Dec-2004

35615400 1			304,000.00		304,000.00				6.250%		CA - 81.07%		Paid Off - 360		01-Dec-2004

35634773 1			145,800.00		145,800.00			14-Jun-2005		7.250%		OR - 90.00%		Paid Off - 360		01-Feb-2005

35667450 1			190,320.00		190,320.00				7.875%		TN - 80.00%		Paid Off - 360		01-Jan-2005

35700541 1			238,500.00		238,499.90			02-Jun-2005		7.750%		UT - 90.00%		Paid Off - 360		01-Feb-2005

35716695 2			471,000.00		471,000.00				6.625%		CA - 88.04%		Paid Off - 360		01-Jan-2005

35717594 1			168,000.00		168,000.00				5.875%		CA - 80.00%		Paid Off - 360		01-Jan-2005

35720697 2			445,500.00		445,399.99				5.500%		CA - 79.99%		Paid Off - 360		01-Jan-2005

35730399 1			285,000.00		285,000.00			01-Jun-2005		5.990%		CA - 74.03%		Paid Off - 360		01-Feb-2005

35733385 1			198,550.00		197,651.90				7.500%		IL - 95.00%		Paid Off - 360		01-Jan-2005

35745090 1			261,250.00		260,125.64				7.750%		IL - 95.00%		Paid Off - 360		01-Jan-2005

35746106 1			204,300.00		204,300.00				7.625%		IL - 90.00%		Paid Off - 360		01-Jan-2005

35750827 2			360,000.00		360,000.00			03-Jun-2005		5.750%		IL - 80.00%		Paid Off - 360		01-Feb-2005

35751270 1			260,500.00		259,417.67			30-Jun-2005		6.990%		IL - 78.94%		Paid Off - 360		01-Feb-2005

35751957 1			143,000.00		142,475.87			03-Jun-2005		7.625%		MO - 86.67%		Paid Off - 360		01-Feb-2005

35775493 2			400,000.00		400,000.00				5.625%		GA - 80.00%		Paid Off - 360		01-Jan-2005

35795665 1			145,600.00		145,600.00			02-Jun-2005		5.625%		SC - 80.00%		Paid Off - 360		01-Feb-2005

35812239 1			139,000.00		139,000.00			14-Jun-2005		6.750%		IN - 88.25%		Paid Off - 360		01-Feb-2005

35816156 1			151,300.00		151,300.00			21-Jun-2005		5.875%		IL - 85.00%		Paid Off - 360		01-Feb-2005

35816404 1			328,700.00		327,126.85			01-Jun-2005		6.625%		IL - 95.00%		Paid Off - 360		01-Feb-2005

35817659 1			156,750.00		156,146.23			15-Jun-2005		7.375%		IL - 95.00%		Paid Off - 360		01-Feb-2005

35821792 1			270,000.00		268,766.26			30-Jun-2005		6.500%		IL - 90.00%		Paid Off - 360		01-Feb-2005

35832781 2			437,000.00		437,000.00			10-Jun-2005		7.750%		NY - 95.00%		Paid Off - 360		01-Feb-2005

35852706 2			148,500.00		148,499.15			15-Jun-2005		8.250%		MN - 89.46%		Paid Off - 360		01-Feb-2005

35855162 2			226,900.00		226,899.69			16-Jun-2005		8.750%		MN - 84.98%		Paid Off - 360		01-Feb-2005

35856970 1			311,100.00		309,836.21			07-Jun-2005		7.125%		MN - 95.00%		Paid Off - 360		01-Feb-2005



Page 21 of 31
FFMLT Trust 2005-FF2

Asset Backed Certificates

2005-FF2

July 25, 2005 Distribution

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


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

35892256 1			351,200.00		351,200.00			30-Jun-2005		5.875%		CA - 80.00%		Paid Off - 360		01-Feb-2005


35892777 1			#######		233,000.00			08-Jun-2005		6.990%		CA - 89.62%		Paid Off - 360		01-Feb-2005

35895358 2			434,100.00		432,068.20			20-Jun-2005		6.375%		CA - 94.37%		Paid Off - 360		01-Feb-2005

4000107010 1			153,300.00		153,121.60				5.500%		CA - 79.98%		Paid Off - 360		01-Dec-2004

4000158538 1			175,950.00		175,949.43			30-Jun-2005		5.500%		CA - 80.00%		Paid Off - 360		01-Feb-2005

4000161247 2			472,000.00		472,000.00				5.750%		CA - 80.00%		Paid Off - 360		01-Dec-2004

4000176643 2			52,000.00		51,999.17				8.750%		MI - 80.00%		Paid Off - 360		01-Dec-2004

4000179970 2			276,040.00		275,014.82				9.250%		NY - 100.00%		Paid Off - 360		01-Dec-2004

4000182360 2			764,000.00		764,000.00				6.375%		CA - 80.00%		Paid Off - 360		01-Dec-2004

4000183299 1			228,000.00		228,000.00				6.625%		CA - 80.00%		Paid Off - 360		01-Jan-2005

4000185615 1			227,750.00		226,630.98				7.875%		FL - 92.96%		Paid Off - 360		01-Dec-2004

4000187338 2			68,800.00		68,523.97				8.875%		MI - 80.00%		Paid Off - 360		01-Dec-2004

4000188425 2			460,000.00		460,000.00				5.875%		CA - 80.00%		Paid Off - 360		01-Jan-2005

4000188538 1			205,500.00		204,209.61				6.625%		MA - 62.28%		Paid Off - 360		01-Dec-2004

4000189251 2			34,000.00		33,856.41				8.625%		MI - 85.00%		Paid Off - 360		01-Dec-2004

4000189398 1			144,000.00		143,309.85				7.999%		CA - 80.00%		Paid Off - 360		01-Dec-2004

4000189935 1			296,000.00		296,000.00				7.500%		NV - 77.70%		Paid Off - 360		01-Dec-2004

4000191012 1			194,000.00		194,000.00				7.875%		MD - 76.08%		Paid Off - 360		01-Dec-2004

4000191300 2			213,750.00		213,750.00				7.625%		FL - 95.00%		Paid Off - 360		01-Dec-2004

4000192313 1			201,600.00		201,600.00				6.125%		CA - 80.00%		Paid Off - 360		01-Dec-2004

4000192642 1			354,400.00		354,400.00				6.125%		CA - 80.00%		Paid Off - 360		01-Dec-2004

4000192716 1			260,000.00		258,444.47				6.875%		NJ - 70.95%		Paid Off - 360		01-Dec-2004

4000192961 2			650,000.00		650,000.00				5.999%		CA - 61.33%		Paid Off - 360		01-Dec-2004

4000193576 1			226,000.00		224,832.96				7.625%		CA - 100.00%		Paid Off - 360		01-Dec-2004

4000193849 1			245,000.00		243,386.04				6.375%		CA - 57.65%		Paid Off - 360		01-Dec-2004

4000193866 2			400,000.00		400,000.00			17-Jun-2005		7.500%		CA - 72.08%		Paid Off - 360		01-Feb-2005

4000193867 1			130,500.00		130,500.00				7.875%		MA - 75.00%		Paid Off - 360		01-Jan-2005

4000194027 1			135,000.00		135,000.00				7.500%		MD - 65.86%		Paid Off - 360		01-Dec-2004

4000194632 1			204,000.00		203,776.25				6.625%		CA - 81.60%		Paid Off - 360		01-Dec-2004

4000194742 1			165,000.00		164,104.79				7.375%		NV - 80.49%		Paid Off - 360		01-Dec-2004

4000194965 1			168,600.00		168,600.00				5.875%		NV - 79.99%		Paid Off - 360		01-Dec-2004

4000195350 1			216,000.00		216,000.00				7.375%		ID - 90.00%		Paid Off - 360		01-Dec-2004

4000195635 1			235,600.00		235,583.24				6.999%		MI - 95.00%		Paid Off - 360		01-Dec-2004

4000196378 2			170,100.00		170,100.00			30-Jun-2005		8.750%		FL - 90.00%		Paid Off - 360		01-Feb-2005

4000196783 1			274,500.00		274,500.00				6.250%		CA - 90.00%		Paid Off - 360		01-Dec-2004

4000198972 1			280,000.00		279,999.40				5.375%		CA - 80.00%		Paid Off - 360		01-Dec-2004

4000201043 1			90,400.00		90,400.00				5.875%		VA - 80.00%		Paid Off - 360		01-Dec-2004

4000202050 1			161,500.00		161,500.00				6.250%		NV - 85.00%		Paid Off - 360		01-Jan-2005



Page 22 of 31
FFMLT Trust 2005-FF2

Asset Backed Certificates

2005-FF2

July 25, 2005 Distribution

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


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

4000203520 1			205,000.00		204,388.88				6.125%		CA - 89.14%		Paid Off - 360		01-Jan-2005


4000204255 1			155,300.00		155,300.00				5.375%		VA - 73.96%		Paid Off - 360		01-Dec-2004

4000204571 1			155,000.00		155,000.00				5.625%		CA - 83.79%		Paid Off - 360		01-Jan-2005

4000204871 2			328,700.00		328,700.00				8.000%		MO - 95.00%		Paid Off - 360		01-Dec-2004

4000205641 1			195,500.00		195,500.00				6.625%		NV - 85.00%		Paid Off - 360		01-Jan-2005

4000208154 1			276,000.00		275,712.00				5.625%		FL - 88.75%		Paid Off - 360		01-Jan-2005

4000208441 1			240,000.00		238,680.48				6.500%		CT - 82.76%		Paid Off - 360		01-Jan-2005

4000208502 1			255,000.00		253,727.44				7.000%		NJ - 85.00%		Paid Off - 360		01-Jan-2005

4000209095 2			360,000.00		360,000.00				7.500%		CA - 90.00%		Paid Off - 360		01-Jan-2005

4000209552 1			280,000.00		278,346.17				6.125%		CA - 77.78%		Paid Off - 360		01-Jan-2005

4000209723 2			195,000.00		194,400.92			07-Jun-2005		8.500%		FL - 75.00%		Paid Off - 360		01-Feb-2005

4000210091 2			346,500.00		345,435.44			29-Jun-2005		8.500%		NJ - 90.00%		Paid Off - 360		01-Feb-2005

4000211257 1			280,250.00		279,940.76				7.125%		NJ - 95.00%		Paid Off - 360		01-Jan-2005

4000211660 2			152,900.00		152,895.83			21-Jun-2005		8.625%		MD - 90.00%		Paid Off - 360		01-Feb-2005

4000212372 1			220,000.00		218,980.00				7.375%		NY - 74.58%		Paid Off - 360		01-Jan-2005

4000212437 1			105,000.00		104,928.05			15-Jun-2005		6.375%		PA - 75.00%		Paid Off - 360		01-Jan-2005

4000212526 1			194,000.00		192,881.08				6.250%		NJ - 89.98%		Paid Off - 360		01-Jan-2005

4000213418 1			234,800.00		234,800.00			02-Jun-2005		5.125%		CA - 79.99%		Paid Off - 360		01-Jan-2005

4000213604 2			127,300.00		124,208.53				8.625%		OH - 95.00%		Paid Off - 180		01-Jan-2005

4000213778 1			196,000.00		195,177.26				7.875%		WI - 80.00%		Paid Off - 360		01-Jan-2005

4000214073 2			404,900.00		404,900.00			29-Jun-2005		7.250%		IN - 90.00%		Paid Off - 360		01-Feb-2005

4000214167 1			216,000.00		216,000.00				6.250%		CA - 80.00%		Paid Off - 360		01-Jan-2005

4000215018 1			214,460.00		214,460.00			21-Jun-2005		6.625%		CA - 80.00%		Paid Off - 360		01-Feb-2005

4000215495 1			352,000.00		350,155.82			17-Jun-2005		6.750%		CA - 80.00%		Paid Off - 360		01-Jan-2005

4000216326 1			215,900.00		215,899.95			22-Jun-2005		6.125%		CA - 79.99%		Paid Off - 360		01-Jan-2005

4000216926 2			459,000.00		456,652.93				6.875%		TX - 90.00%		Paid Off - 360		01-Jan-2005

4000218787 1			117,000.00		117,000.00				6.875%		OH - 90.00%		Paid Off - 360		01-Jan-2005

4000220266 2			205,000.00		204,370.21			02-Jun-2005		8.500%		CT - 100.00%		Paid Off - 360		01-Feb-2005

4000220277 1			147,250.00		146,668.69			13-Jun-2005		7.250%		MD - 95.00%		Paid Off - 360		01-Feb-2005

4000220613 1			80,000.00		79,706.82			24-Jun-2005		7.625%		OH - 80.00%		Paid Off - 360		01-Feb-2005

4000220758 1			104,000.00		103,547.24			21-Jun-2005		6.750%		CA - 49.53%		Paid Off - 360		01-Feb-2005

4000221160 2			360,000.00		360,000.00			01-Jun-2005		6.999%		CA - 88.89%		Paid Off - 360		01-Jan-2005

4000221673 2			192,100.00		191,553.52			16-Jun-2005		8.875%		PA - 100.00%		Paid Off - 360		01-Feb-2005

4000221734 1			292,000.00		292,000.00			07-Jun-2005		6.875%		CA - 87.17%		Paid Off - 360		01-Feb-2005

4000222091 1			156,750.00		156,750.00			02-Jun-2005		7.125%		RI - 95.00%		Paid Off - 360		01-Feb-2005

4000223868 1			64,350.00		64,350.00			03-Jun-2005		7.500%		FL - 90.00%		Paid Off - 360		01-Feb-2005

4000223959 1			196,000.00		195,999.79				6.875%		MD - 80.00%		Paid Off - 360		01-Jan-2005

4000224568 1			192,000.00		192,000.00			01-Jun-2005		5.875%		MN - 80.00%		Paid Off - 360		01-Feb-2005



Page 23 of 31
FFMLT Trust 2005-FF2

Asset Backed Certificates

2005-FF2

July 25, 2005 Distribution

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


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

4000224925 1			174,150.00		174,099.21				7.000%		OR - 90.00%		Paid Off - 360		01-Jan-2005


4000225242 1			110,000.00		110,000.00			03-Jun-2005		7.125%		CA - 36.07%		Paid Off - 360		01-Feb-2005

4000225547 2			41,750.00		41,724.71			30-Jun-2005		8.500%		OH - 89.69%		Paid Off - 360		01-Feb-2005

4000225699 1			240,000.00		239,529.20			22-Jun-2005		5.375%		CA - 36.93%		Paid Off - 360		01-Feb-2005

4000226051 2			263,700.00		263,700.00			17-Jun-2005		8.750%		MI - 90.00%		Paid Off - 360		01-Feb-2005

4000227867 1			211,500.00		210,619.21			21-Jun-2005		6.999%		CA - 90.00%		Paid Off - 360		01-Feb-2005

4000228656 2			361,250.00		361,250.00			10-Jun-2005		8.625%		WA - 88.98%		Paid Off - 360		01-Feb-2005

4000229123 1			307,000.00		306,987.77			02-Jun-2005		5.999%		NC - 88.48%		Paid Off - 360		01-Feb-2005

4000229434 1			169,600.00		169,600.00			27-Jun-2005		5.999%		AZ - 80.00%		Paid Off - 360		01-Feb-2005

4000230675 2			500,000.00		497,769.84			30-Jun-2005		6.625%		CA - 91.40%		Paid Off - 360		01-Feb-2005

4000231082 1			62,400.00		62,227.03			07-Jun-2005		9.000%		OH - 80.00%		Paid Off - 360		01-Feb-2005

4000232535 1			161,500.00		161,500.00			29-Jun-2005		6.500%		CA - 85.00%		Paid Off - 360		01-Feb-2005

4000233172 1			243,000.00		243,000.00			24-Jun-2005		6.625%		CA - 90.00%		Paid Off - 360		01-Feb-2005

4000233573 1			94,400.00		92,918.29			21-Jun-2005		7.250%		TX - 80.00%		Paid Off - 180		01-Feb-2005

4000233736 1			283,200.00		283,200.00			30-Jun-2005		6.999%		AZ - 80.00%		Paid Off - 360		01-Feb-2005

4000234594 2			103,600.00		103,600.00			23-Jun-2005		9.375%		OH - 80.00%		Paid Off - 360		01-Feb-2005

4000236220 1			99,200.00		98,690.27			13-Jun-2005		6.750%		TX - 80.00%		Paid Off - 360		01-Feb-2005

4000236272 2			387,000.00		386,898.11			03-Jun-2005		7.750%		CA - 90.00%		Paid Off - 360		01-Feb-2005

4000236976 1			40,200.00		40,078.98			07-Jun-2005		7.500%		OH - 29.78%		Paid Off - 360		01-Mar-2005

4000237157 1			170,000.00		169,799.68			30-Jun-2005		5.999%		FL - 85.00%		Paid Off - 360		01-Feb-2005



TOTAL			39,120,370.00		39,040,795.79



Page 24 of 31
FFMLT Trust 2005-FF2

Asset Backed Certificates

2005-FF2

July 25, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



											Group 2		Group 1		Total


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




Number of Loans Liquidated										0		1		1
Collateral Realized Loss/(Gain) Amount										0.00		3,118.54		3,118.54
Net Liquidation Proceeds										0.00		204,118.42		204,118.42










Page 25 of 31
FFMLT Trust 2005-FF2

Asset Backed Certificates

2005-FF2

July 25, 2005 Distribution


DEFAULT SPEEDS



											Group 2		Group 1		Total



MDR										0.00%		0.00%		0.00%
3 Months Avg MDR										0.00%		0.01%		0.00%
12 Months Avg MDR										0.00%		0.01%		0.00%
Avg MDR Since Cut-off										0.00%		0.01%		0.00%


CDR										0.00%		0.00%		0.00%
3 Months Avg CDR										0.00%		0.09%		0.05%
12 Months Avg CDR										0.00%		0.09%		0.05%
Avg CDR Since Cut-off										0.00%		0.09%		0.05%


SDA										0.00%		0.00%		0.00%
3 Months Avg SDA Approximation										0.00%		0.72%		0.41%
12 Months Avg SDA Approximation										0.00%		0.72%		0.41%
Avg SDA Since Cut-off Approximation										0.00%		0.72%		0.41%


Loss Severity Approximation for Current Period										0.00%		0.00%		0.00%
3 Months Avg Loss Severity Approximation										0.00%		0.50%		0.50%
12 Months Avg Loss Severity Approximation										0.00%		0.50%		0.50%
Avg Loss Severity Approximation Since Cut-off										0.00%		0.50%		0.50%












Page 26 of 31
FFMLT Trust 2005-FF2

Asset Backed Certificates

2005-FF2

July 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 27 of 31
FFMLT Trust 2005-FF2

Asset Backed Certificates

2005-FF2

July 25, 2005 Distribution
Realized Loss Detail Report
Loan Number			Current		State &				Prior		Realized				Cumulative

&		Loan	Note		LTV at		Original		Principal		Loss/(Gain)		Realized		Realized

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





TOTAL



Page 28 of 31
FFMLT Trust 2005-FF2

Asset Backed Certificates

2005-FF2

July 25, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS

										Group 2		Group 1		Total
						Stepdown Date has occurred (0 = No, 1=Yes)								0
						Trigger Event - a) or b) in effect (0=No , 1=Yes)								0
						a) Does a Delinq Trig Event Exists (0=No,1=Yes)								0
						b) Does a Loss Trigger Event Exists (0=No,1=Yes)								0

						Balances 60+ days includes BK and FC								9,316,470.34
						Ending Balance								1,647,296,074.87
						Senior Enhancement Percentage								21.8615%
						Cumulative Loss Percentage								0.0002%



ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION

										Group 2		Group 1		Total
Net Monthly Excess Cashflow														2,663,280.58
Net Monthly Excess Cashflow Alloc to Losses														0.00
Net Monthly Excess Cashflow Alloc to Unpaid Int														0.00





Page 29 of 31
FFMLT Trust 2005-FF2

Asset Backed Certificates

2005-FF2

July 25, 2005 Distribution
Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

													NET WAC Shortfall CarryOver		NET WAC Shortfall Paid
CLASS

			A-1										$0.00		$0.00

			A-2A										$0.00		$0.00

			A-2B										$0.00		$0.00

			A-2C										$0.00		$0.00

			M-1										$0.00		$0.00

			M-2										$0.00		$0.00

			M-3										$0.00		$0.00

			M-4										$0.00		$0.00

			M-5										$0.00		$0.00

			M-6										$0.00		$0.00

			B-1										$0.00		$0.00

			B-2										$0.00		$0.00

			B-3										$0.00		$0.00

			B-4										$0.00		$0.00

			B-5										$0.00		$0.00





Page 30 of 31
FFMLT Trust 2005-FF2

Asset Backed Certificates

2005-FF2

July 25, 2005 Distribution
Other Related Information
ADDITIONAL INFORMATION

										Group 2		Group 1		Total
Current Scheduled Payments										4,184,546.18		5,632,749.16		9,817,295.33
Current Scheduled Payments 1 Month Prior										4,265,500.64		5,713,545.37		9,979,046.01
Current Scheduled Payments 2 Month Prior										4,345,956.67		5,785,532.53		10,131,489.19
Current Scheduled Payments 3 Month Prior										0.00		0.00		0.00
Current Scheduled Payments 4 Month Prior										0.00		0.00		0.00
Current Scheduled Payments 5 Month Prior										0.00		0.00		0.00
Current Scheduled Payments 6 Month Prior										0.00		0.00		0.00
Current Scheduled Payments 7 Month Prior										0.00		0.00		0.00
Current Scheduled Payments 8 Month Prior										0.00		0.00		0.00
Current Scheduled Payments 9 Month Prior										0.00		0.00		0.00
Current Scheduled Payments 10 Month Prior										0.00		0.00		0.00
Current Scheduled Payments 11 Month Prior										0.00		0.00		0.00


Sched. Payments for 60+Day Delinquent Loans										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 1 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 2 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 3 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 4 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 5 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 6 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 7 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 8 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 9 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 10 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 11 Month Prior										0.00		0.00		0.00




Page 31 of 31

First Franklin Mortgage Loan Trust 2005-FF2 8-K