
                                      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):  August 25, 2005
                          (Date of earliest event reported)

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


                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-120274-29                          13-3387389
          (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
     August 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:  Aug 26, 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 August 25, 2005.



FFMLT Trust 2005-FFA

Mortgage Pass-Through Certificates

2005-FFA

August 25, 2005 Distribution

				External Parties						Table of Contents

													Page
				Seller
										1. Certificate Payment Report					2
				Goldman Sachs Mortgage Securities
										2. Collection Account Report					4

										3. Credit Enhancement Report					6
										4. Collateral Report					7
				Certificate Insurer(s)						5. Delinquency Report					10

										6. REO Report					11

										7. Foreclosure Report					12
										8. Prepayment Report					13
										9. Prepayment Detail Report					16

										10. Realized Loss Report					24
										11. Realized Loss Detail Report					27
				Servicer(s)
										12. Triggers and Adj. Cert. Report					28
				National City Home Loan
										13. Additional Certificate Report					29



				Underwriter(s)
				Goldman Sachs Mortgage Securities


										Total Number of Pages					29


				Dates						Contacts

				Cut-Off Date:			July 01, 2005			Hang Luu
				Close Date:			July 21, 2005			Administrator
				First Distribution Date:			August 25, 2005			(714) 247-6000
										hang-thai.luu@db.com

										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92705
				Distribution Date:			August 25, 2005
										Factor Information:			(800) 735-7777
				Record Date:			July 29, 2005
										Main Phone Number:			(714) 247-6000

							August 24, 2005


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






Page 1 of 29
FFMLT Trust 2005-FFA

Mortgage Pass-Through Certificates

2005-FFA

August 25, 2005 Distribution
Certificate Payment Report
Current Period Distribution -
					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	SR	$	300,687,000.00		300,687,000.00		1,061,905.37		10,934,896.60		11,996,801.97		0.00		0.00		289,752,103.40

A-2A	SR	$	146,433,000.00		146,433,000.00		504,329.49		8,672,871.63		9,177,201.12		0.00		0.00		137,760,128.37
A-2B	SR	$	92,053,000.00		92,053,000.00		331,358.84		0.00		331,358.84		0.00		0.00		92,053,000.00
M-1	SUB	$	69,618,000.00		69,618,000.00		269,552.19		0.00		269,552.19		0.00		0.00		69,618,000.00
M-2	SUB	$	40,364,000.00		40,364,000.00		184,160.75		0.00		184,160.75		0.00		0.00		40,364,000.00
M-3	SUB	$	16,294,000.00		16,294,000.00		74,911.67		0.00		74,911.67		0.00		0.00		16,294,000.00
M-4	SUB	$	14,813,000.00		14,813,000.00		69,300.15		0.00		69,300.15		0.00		0.00		14,813,000.00
B-1	SUB	$	15,553,000.00		15,553,000.00		77,259.53		0.00		77,259.53		0.00		0.00		15,553,000.00
B-2	SUB	$	11,109,000.00		11,109,000.00		56,563.33		0.00		56,563.33		0.00		0.00		11,109,000.00
B-3	SUB	$	14,442,000.00		14,442,000.00		78,311.75		0.00		78,311.75		0.00		0.00		14,442,000.00
B-4	SUB	$	11,850,000.00		11,850,000.00		59,250.00		0.00		59,250.00		0.00		0.00		11,850,000.00
B-5	SUB	$	7,406,000.00		7,406,000.00		37,030.00		0.00		37,030.00		0.00		0.00		7,406,000.00
X	NTL	$	811.95		811.95		0.00		0.00		0.00		0.00		2,667,010.74		2,667,822.69
X-1	NTL	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
P	RES	$	0.00		0.00		255,159.95		0.00		255,159.95		0.00		0.00		0.00
R-1	RES	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
R-2	RES	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00

Total			740,622,811.95		740,622,811.95		3,059,093.02		19,607,768.23		22,666,861.25		0.00		2,667,010.74		723,682,054.46





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	07/21/05		08/24/05		A-Act/360		362341HA0		300,687,000.00		1,000.000000		3.531597		36.366376		39.897974	963.633624
A-2A	07/21/05		08/24/05		A-Act/360		362341HB8		146,433,000.00		1,000.000000		3.444097		59.227576		62.671673	940.772424
A-2B	07/21/05		08/24/05		A-Act/360		362341HC6		92,053,000.00		1,000.000000		3.599653		0.000000		3.599653	1,000.000000
M-1	07/21/05		08/24/05		A-Act/360		362341HD4		69,618,000.00		1,000.000000		3.871875		0.000000		3.871875	1,000.000000
M-2	07/01/05		07/30/05		F-30/360		362341HE2		40,364,000.00		1,000.000000		4.562500		0.000000		4.562500	1,000.000000
M-3	07/01/05		07/30/05		F-30/360		362341HF9		16,294,000.00		1,000.000000		4.597500		0.000000		4.597500	1,000.000000
M-4	07/01/05		07/30/05		F-30/360		362341HG7		14,813,000.00		1,000.000000		4.678333		0.000000		4.678333	1,000.000000
B-1	07/01/05		07/30/05		F-30/360		362341HH5		15,553,000.00		1,000.000000		4.967500		0.000000		4.967500	1,000.000000
B-2	07/01/05		07/30/05		F-30/360		362341HJ1		11,109,000.00		1,000.000000		5.091667		0.000000		5.091667	1,000.000000
B-3	07/01/05		07/30/05		F-30/360		362341HK8		14,442,000.00		1,000.000000		5.422500		0.000000		5.422500	1,000.000000
B-4	07/01/05		07/30/05		F-30/360		362341HX0		11,850,000.00		1,000.000000		5.000000		0.000000		5.000000	1,000.000000
B-5	07/01/05		07/30/05		F-30/360		362341HY8		7,406,000.00		1,000.000000		5.000000		0.000000		5.000000	1,000.000000
X	07/21/05		08/24/05		A-30/360		362341HL6		740,623,623.90		0.001096		0.000000		0.000000		0.000000	3.602130
X-1	07/21/05		08/24/05		A-30/360		362341HM4		0.00		0.000000		0.000000		0.000000		0.000000	0.000000
P	07/21/05		08/24/05		A-30/360		362341HN2		0.00		0.000000		0.000000		0.000000		0.000000	0.000000
R-1	07/21/05		08/24/05		A-30/360		362341HP7		0.00		0.000000		0.000000		0.000000		0.000000	0.000000
R-2	07/21/05		08/24/05		A-30/360		362341HW2		0.00		0.000000		0.000000		0.000000		0.000000	0.000000



Page 2 of 29
FFMLT Trust 2005-FFA

Mortgage Pass-Through Certificates

2005-FFA

August 25, 2005 Distribution

Distribution to Date -
																	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	300,687,000.00		1,061,905.37		10,652,369.66		282,526.94		10,934,896.60		11,996,801.97		0.00		0.00		289,752,103.40
A-2A	146,433,000.00		504,329.49		8,448,789.05		224,082.58		8,672,871.63		9,177,201.12		0.00		0.00		137,760,128.37
A-2B	92,053,000.00		331,358.84		0.00		0.00		0.00		331,358.84		0.00		0.00		92,053,000.00
M-1	69,618,000.00		269,552.19		0.00		0.00		0.00		269,552.19		0.00		0.00		69,618,000.00
M-2	40,364,000.00		184,160.75		0.00		0.00		0.00		184,160.75		0.00		0.00		40,364,000.00
M-3	16,294,000.00		74,911.67		0.00		0.00		0.00		74,911.67		0.00		0.00		16,294,000.00
M-4	14,813,000.00		69,300.15		0.00		0.00		0.00		69,300.15		0.00		0.00		14,813,000.00
B-1	15,553,000.00		77,259.53		0.00		0.00		0.00		77,259.53		0.00		0.00		15,553,000.00
B-2	11,109,000.00		56,563.33		0.00		0.00		0.00		56,563.33		0.00		0.00		11,109,000.00
B-3	14,442,000.00		78,311.75		0.00		0.00		0.00		78,311.75		0.00		0.00		14,442,000.00
B-4	11,850,000.00		59,250.00		0.00		0.00		0.00		59,250.00		0.00		0.00		11,850,000.00
B-5	7,406,000.00		37,030.00		0.00		0.00		0.00		37,030.00		0.00		0.00		7,406,000.00
X	811.95		0.00		-2,598,102.69		-68,908.05		0.00		0.00		0.00		2,667,010.74		2,667,822.69
X-1	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
P	0.00		255,159.95		0.00		0.00		0.00		255,159.95		0.00		0.00		0.00
R-1	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
R-2	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00

Total	740,622,811.95		3,059,093.02		16,503,056.02		437,701.47		19,607,768.23		22,666,861.25		0.00		2,667,010.74		723,682,054.46


Interest Detail -
	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	3.63250%		300,687,000.00		1,061,905.37		0.00		0.00		0.00		1,061,905.37		1,061,905.37		0.00
A-2A	3.54250%		146,433,000.00		504,329.49		0.00		0.00		0.00		504,329.49		504,329.49		0.00
A-2B	3.70250%		92,053,000.00		331,358.84		0.00		0.00		0.00		331,358.84		331,358.84		0.00
M-1	3.98250%		69,618,000.00		269,552.19		0.00		0.00		0.00		269,552.19		269,552.19		0.00
M-2	5.47500%		40,364,000.00		184,160.75		0.00		0.00		0.00		184,160.75		184,160.75		0.00
M-3	5.51700%		16,294,000.00		74,911.67		0.00		0.00		0.00		74,911.67		74,911.67		0.00
M-4	5.61400%		14,813,000.00		69,300.15		0.00		0.00		0.00		69,300.15		69,300.15		0.00
B-1	5.96100%		15,553,000.00		77,259.53		0.00		0.00		0.00		77,259.53		77,259.53		0.00
B-2	6.11000%		11,109,000.00		56,563.33		0.00		0.00		0.00		56,563.33		56,563.33		0.00
B-3	6.50700%		14,442,000.00		78,311.75		0.00		0.00		0.00		78,311.75		78,311.75		0.00
B-4	6.00000%		11,850,000.00		59,250.00		0.00		0.00		0.00		59,250.00		59,250.00		0.00
B-5	6.00000%		7,406,000.00		37,030.00		0.00		0.00		0.00		37,030.00		37,030.00		0.00
X	3,477,915.78879%		811.95		3.31		-2,803,933.06		0.00		0.00		2,803,936.37		2,667,010.74		136,925.63
X-1	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
P	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		255,159.95		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			740,622,811.95		2,803,936.38		-2,803,933.06		0.00		0.00		5,607,869.44		5,726,103.76		136,925.63



Page 3 of 29
FFMLT Trust 2005-FFA

Mortgage Pass-Through Certificates

2005-FFA

August 25, 2005 Distribution
Collection Account Report
SUMMARY

														Total
Principal Collections														16,918,619.34
Principal Withrawals														0.00
Principal Other Accounts														0.00
TOTAL NET PRINCIPAL														16,918,619.34
Interest Collections														5,560,062.45
Interest Withdrawals														-0.00
Interest Other Accounts														255,159.95
Interest Fees														-66,980.49
TOTAL NET INTEREST														5,748,241.91
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION														22,666,861.25



PRINCIPAL - COLLECTIONS

															Total
Scheduled Principal Received															437,701.47
Prepayments In Full															16,215,279.43
Curtailments															252,295.14
Liquidations															35,481.45
Insurance Principal															0.00
Repurchased Principal Amounts															0.00
Other Principal															0.00
Total Realized Loss Of Principal															-22,138.15
Delinquent Principal															-346,723.92
Advanced Principal															346,723.92
TOTAL PRINCIPAL COLLECTED															16,918,619.34


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



PRINCIPAL - OTHER ACCOUNTS

														Total
TOTAL OTHER ACCOUNTS PRINCIPAL														0.00





Page 4 of 29
FFMLT Trust 2005-FFA

Mortgage Pass-Through Certificates

2005-FFA

August 25, 2005 Distribution

INTEREST - COLLECTIONS

														Total
Scheduled Interest														5,834,318.47
Liquidation Interest														325.25
Repurchased Interest														0.00
Insurance Interest														0.00
Other Interest														0.00
Relief Act Interest Shortfalls														-0.00
Prepayment Interest Shortfalls														-57,485.10
Compensating Interest														57,485.10
Delinquent Interest														-4,645,218.10
Interest Advanced														4,370,636.84
TOTAL INTEREST COLLECTED														5,560,062.45


INTEREST - WITHDRAWALS

														Total
Nonrecoverable Advances
TOTAL INTEREST WITHDRAWALS														0.00



INTEREST - OTHER ACCOUNTS

														Total
Prepayment Charges														255,159.95
TOTAL INTEREST OTHER ACCOUNTS														255,159.95



INTEREST - FEES

														Total
Current Servicing Fees														64,820.34
Current Trustee Fees														2,160.15
TOTAL INTEREST OTHER FEES														66,980.49




Page 5 of 29
FFMLT Trust 2005-FFA

Mortgage Pass-Through Certificates

2005-FFA

August 25, 2005 Distribution
Credit Enhancement Report

ACCOUNTS


RESERVE

Deposits						0.00
Releases						0.00
Withdrawals						0.00




INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES

														Total
Overcollateralization Amount														2,667,822.69
Overcollateralization Target Amount														29,995,223.88
Overcollateralization Deficiency Amount														27,327,401.19
Overcollateralization Release Amount														0.00



Page 6 of 29
FFMLT Trust 2005-FFA

Mortgage Pass-Through Certificates

2005-FFA

August 25, 2005 Distribution
Collateral Report


COLLATERAL



															Total



Loan Count:


Original														15,169
Prior														15,169
Prefunding														0
Scheduled Paid Offs														-0
Full Voluntary Prepayments														-285
Repurchases														-0
Liquidations														-1
Current														14,883
Principal Balance:


Original														740,622,811.95
Prior														740,622,811.95
Prefunding														0.00
Scheduled Principal														-437,701.47
Partial Prepayments														-252,295.14
Full Voluntary Prepayments														-16,215,279.43
Repurchases														-0.00
Liquidations														-35,481.45
Current														723,682,054.46





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 7 of 29
FFMLT Trust 2005-FFA

Mortgage Pass-Through Certificates

2005-FFA

August 25, 2005 Distribution

CHARACTERISTICS

														Total
Weighted Average Coupon Original														9.45363%
Weighted Average Coupon Prior														9.45363%
Weighted Average Coupon Current														9.45363%
Weighted Average Months to Maturity Original														219
Weighted Average Months to Maturity Prior														219
Weighted Average Months to Maturity Current														219
Weighted Avg Remaining Amortization Term Original														220
Weighted Avg Remaining Amortization Term Prior														220
Weighted Avg Remaining Amortization Term Current														220
Weighted Average Seasoning Original														8.55
Weighted Average Seasoning Prior														8.55
Weighted Average Seasoning Current														8.55









Page 8 of 29
FFMLT Trust 2005-FFA

Mortgage Pass-Through Certificates

2005-FFA

August 25, 2005 Distribution

ARM CHARACTERISTICS

														Total
Weighted Average Margin Original														0.00000%
Weighted Average Margin Prior														0.00000%
Weighted Average Margin Current														0.00000%
Weighted Average Max Rate Original														0.00000%
Weighted Average Max Rate Prior														0.00000%
Weighted Average Max Rate Current														0.00000%
Weighted Average Min Rate Original														0.00000%
Weighted Average Min Rate Prior														0.00000%
Weighted Average Min Rate Current														0.00000%
Weighted Average Cap Up Original														0.00000%
Weighted Average Cap Up Prior														0.00000%
Weighted Average Cap Up Current														0.00000%
Weighted Average Cap Down Original														0.00000%
Weighted Average Cap Down Prior														0.00000%
Weighted Average Cap Down Current														0.00000%




SERVICING FEES & ADVANCES

															Total




Current Servicing Fees														64,820.34
Delinquent Servicing Fees														242,196.45
TOTAL SERVICING FEES														307,016.82


Compensating Interest														-57,485.10
Delinquent Servicing Fees														-242,196.45
COLLECTED SERVICING FEES														7,335.27


Aggregate Advances with respect to this Distribution														4,717,360.76





ADDITIONAL COLLATERAL INFORMATION
														Total
Net Prepayment Interest Shortfall														0.00

Current LIBOR Rate														3.432500%

Next LIBOR Rate														0.000000%




Page 9 of 29
FFMLT Trust 2005-FFA

Mortgage Pass-Through Certificates

2005-FFA

August 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				22,827.54		23,735.57		40,822.45		87,385.56
			% Balance				0.00%		0.00%		0.01%		0.01%
			# Loans				1		1		1		3
			% # Loans				0.01%		0.01%		0.01%		0.02%
	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		22,827.54		23,735.57		40,822.45		87,385.56
			% Balance		0.00%		0.00%		0.00%		0.01%		0.01%
			# Loans		0		1		1		1		3
			% # Loans		0.00%		0.01%		0.01%		0.01%		0.02%









Page 10 of 29
FFMLT Trust 2005-FFA

Mortgage Pass-Through Certificates

2005-FFA

August 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 11 of 29
FFMLT Trust 2005-FFA

Mortgage Pass-Through Certificates

2005-FFA

August 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 12 of 29
FFMLT Trust 2005-FFA

Mortgage Pass-Through Certificates

2005-FFA

August 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS


															Total




Current


Number of Paid in Full Loans														285
Number of Repurchased Loans														0
Total Number of Loans Prepaid in Full														285
Curtailments Amount														252,295.14
Paid in Full Balance														16,215,279.43
Repurchased Loans Balance														0.00
Total Prepayment Amount														16,467,574.57

Cumulative


Number of Paid in Full Loans														285
Number of Repurchased Loans														0
Total Number of Loans Prepaid in Full														285
Paid in Full Balance														16,215,279.43
Repurchased Loans Balance														0.00
Curtailments Amount														252,295.14
Total Prepayment Amount														16,467,574.57










Page 13 of 29
FFMLT Trust 2005-FFA

Mortgage Pass-Through Certificates

2005-FFA

August 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES


															Total



SMM														2.23%
3 Months Avg SMM														2.23%
12 Months Avg SMM														2.23%
Avg SMM Since Cut-off														2.23%


CPR														23.71%
3 Months Avg CPR														23.71%
12 Months Avg CPR														23.71%
Avg CPR Since Cut-off														23.71%


PSA														1,386.64%
3 Months Avg PSA Approximation														1,386.64%
12 Months Avg PSA Approximation														1,386.64%
Avg PSA Since Cut-off Approximation														1,386.64%










Page 14 of 29
FFMLT Trust 2005-FFA

Mortgage Pass-Through Certificates

2005-FFA

August 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 15 of 29
FFMLT Trust 2005-FFA

Mortgage Pass-Through Certificates

2005-FFA

August 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

1044281905 1			48,000.00		47,777.00			12-Jul-2005		11.250%		MN - 100.00%		Paid Off - 240		01-Jul-2004


1044353528 1			39,600.00		39,339.45			28-Jul-2005		8.250%		MD - 100.00%		Paid Off - 180		01-Oct-2004

1044353559 1			55,400.00		55,204.86			05-Jul-2005		11.250%		CA - 100.00%		Paid Off - 240		01-Oct-2004

1044354186 1			90,000.00		89,665.43			21-Jul-2005		11.000%		CA - 97.15%		Paid Off - 240		01-Oct-2004

1044354232 1			26,600.00		26,515.85			28-Jul-2005		11.750%		GA - 100.00%		Paid Off - 180		01-Oct-2004

1044354394 1			83,800.00		83,406.98			28-Jul-2005		9.375%		CA - 99.99%		Paid Off - 240		01-Nov-2004

1044355079 1			32,600.00		32,374.63			07-Jul-2005		8.000%		OR - 100.00%		Paid Off - 240		01-Nov-2004

1044355137 1			17,050.00		16,994.50			14-Jul-2005		11.250%		MD - 99.94%		Paid Off - 240		01-Nov-2004

1044355699 1			68,000.00		67,681.10			05-Jul-2005		9.375%		CA - 100.00%		Paid Off - 240		01-Nov-2004

1044355796 1			64,250.00		64,068.05			07-Jul-2005		11.750%		CA - 99.98%		Paid Off - 240		01-Nov-2004

1044356913 1			62,400.00		62,107.39			29-Jul-2005		9.375%		CA - 99.99%		Paid Off - 240		01-Nov-2004

1044357162 1			69,750.00		69,125.28			11-Jul-2005		7.990%		CA - 99.99%		Paid Off - 240		01-Nov-2004

1044357195 1			42,000.00		41,859.80			28-Jul-2005		10.999%		CA - 100.00%		Paid Off - 240		01-Nov-2004

1044357210 1			33,400.00		33,192.85			08-Jul-2005		7.999%		IL - 100.00%		Paid Off - 240		01-Nov-2004

1044357484 1			46,000.00		45,869.75			29-Jul-2005		11.750%		MD - 100.00%		Paid Off - 240		01-Nov-2004

1044357590 1			16,300.00		16,247.33			18-Jul-2005		11.750%		GA - 100.00%		Paid Off - 180		01-Nov-2004

1044357655 1			38,500.00		38,378.50			19-Jul-2005		11.250%		WA - 100.00%		Paid Off - 240		01-Nov-2004

1044357667 1			42,600.00		42,372.93			14-Jul-2005		8.750%		CA - 100.00%		Paid Off - 240		01-Nov-2004

1044358561 1			56,600.00		56,315.22			25-Jul-2005		9.375%		CA - 100.00%		Paid Off - 240		01-Nov-2004

1044358577 1			51,200.00		50,983.57			27-Jul-2005		9.875%		CA - 100.00%		Paid Off - 240		01-Nov-2004

1044358816 1			39,000.00		38,826.31			27-Jul-2005		9.625%		MD - 100.00%		Paid Off - 240		01-Nov-2004

1044358908 1			51,200.00		51,055.03			07-Jul-2005		11.750%		MD - 100.00%		Paid Off - 240		01-Nov-2004

1044359062 1			66,000.00		65,802.75			07-Jul-2005		11.500%		CA - 100.00%		Paid Off - 240		01-Nov-2004

1044359127 1			40,500.00		40,274.69			28-Jul-2005		8.750%		OR - 100.00%		Paid Off - 240		01-Nov-2004

1044359365 1			39,800.00		39,559.29			08-Jul-2005		8.125%		RI - 100.00%		Paid Off - 240		01-Nov-2004

1044359392 1			84,000.00		83,489.41			28-Jul-2005		9.250%		CA - 100.00%		Paid Off - 240		01-Nov-2004

1044360453 1			35,000.00		34,883.50			06-Jul-2005		11.000%		CA - 100.00%		Paid Off - 240		01-Nov-2004

1044360583 1			42,000.00		41,867.48			18-Jul-2005		11.250%		IL - 100.00%		Paid Off - 240		01-Nov-2004

1044360779 1			27,500.00		27,308.55			28-Jul-2005		7.750%		CA - 90.00%		Paid Off - 240		01-Nov-2004

1044360795 1			53,800.00		53,639.15			20-Jul-2005		11.500%		CA - 100.00%		Paid Off - 240		01-Nov-2004

1044361052 1			65,900.00		65,053.27			19-Jul-2005		9.625%		GA - 100.00%		Paid Off - 240		01-Nov-2004

1044361268 1			70,000.00		69,671.78			06-Jul-2005		9.375%		CA - 100.00%		Paid Off - 240		01-Nov-2004

1044361402 1			74,800.00		74,423.18			13-Jul-2005		9.375%		CA - 100.00%		Paid Off - 240		01-Nov-2004

1044361551 1			88,000.00		87,706.95			28-Jul-2005		10.999%		CA - 100.00%		Paid Off - 240		01-Nov-2004

1044362581 1			33,400.00		33,243.40			28-Jul-2005		9.375%		MN - 100.00%		Paid Off - 240		01-Nov-2004

1044362697 1			34,050.00		33,933.24			05-Jul-2005		10.990%		AZ - 99.96%		Paid Off - 240		01-Nov-2004

1044362732 1			57,500.00		57,125.15			27-Jul-2005		7.750%		CA - 90.00%		Paid Off - 240		01-Nov-2004



Page 16 of 29
FFMLT Trust 2005-FFA

Mortgage Pass-Through Certificates

2005-FFA

August 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

1044362761 1			17,000.00		16,947.71			08-Jul-2005		11.375%		OH - 100.00%		Paid Off - 240		01-Nov-2004


1044363149 1			27,300.00		27,220.04			15-Jul-2005		11.750%		NC - 100.00%		Paid Off - 240		01-Nov-2004

1044363611 1			37,800.00		37,680.72			07-Jul-2005		11.250%		CA - 100.00%		Paid Off - 240		01-Nov-2004

1044363967 1			58,000.00		57,727.95			28-Jul-2005		9.375%		CA - 99.99%		Paid Off - 240		01-Nov-2004

1044364018 1			30,400.00		30,245.96			29-Jul-2005		9.000%		CA - 100.00%		Paid Off - 180		01-Nov-2004

1044364099 1			44,900.00		44,765.70			07-Jul-2005		11.500%		FL - 99.98%		Paid Off - 240		01-Nov-2004

1044364156 1			111,000.00		110,462.87			28-Jul-2005		9.375%		CA - 100.00%		Paid Off - 240		01-Nov-2004

1044364313 1			32,000.00		31,909.42			13-Jul-2005		11.750%		CA - 100.00%		Paid Off - 240		01-Nov-2004

1044364323 1			54,400.00		54,144.91			05-Jul-2005		9.375%		CA - 100.00%		Paid Off - 240		01-Nov-2004

1044364362 1			67,000.00		66,799.69			28-Jul-2005		11.500%		CA - 100.00%		Paid Off - 240		01-Nov-2004

1044364372 1			67,000.00		66,685.82			21-Jul-2005		9.375%		CA - 100.00%		Paid Off - 180		01-Nov-2004

1044364607 1			32,000.00		31,902.84			28-Jul-2005		11.500%		OR - 100.00%		Paid Off - 240		01-Nov-2004

1044364922 1			72,800.00		72,557.03			14-Jul-2005		10.990%		CA - 100.00%		Paid Off - 240		01-Nov-2004

1044365299 1			22,700.00		22,635.71			19-Jul-2005		11.750%		NY - 100.00%		Paid Off - 240		01-Nov-2004

1044365695 1			31,400.00		31,300.90			29-Jul-2005		11.250%		WA - 100.00%		Paid Off - 240		01-Nov-2004

1044366040 1			80,000.00		79,733.57			19-Jul-2005		10.999%		CA - 91.80%		Paid Off - 240		01-Nov-2004

1044366208 1			47,800.00		46,925.38			29-Jul-2005		9.375%		CA - 100.00%		Paid Off - 240		01-Nov-2004

1044366410 1			38,050.00		37,936.23			07-Jul-2005		11.500%		NV - 99.96%		Paid Off - 240		01-Nov-2004

1044366471 1			99,800.00		99,453.63			11-Jul-2005		11.250%		SC - 100.00%		Paid Off - 240		01-Nov-2004

1044366644 1			44,050.00		43,925.33			05-Jul-2005		11.750%		CA - 99.99%		Paid Off - 240		01-Nov-2004

1044366795 1			61,200.00		60,856.68			18-Jul-2005		8.500%		CA - 99.98%		Paid Off - 180		01-Nov-2004

1044366869 1			20,600.00		20,503.30			27-Jul-2005		9.375%		FL - 100.00%		Paid Off - 240		01-Nov-2004

1044366947 1			33,000.00		32,818.89			19-Jul-2005		9.375%		OR - 100.00%		Paid Off - 240		01-Nov-2004

1044367113 1			27,000.00		26,856.04			28-Jul-2005		8.750%		FL - 100.00%		Paid Off - 240		01-Nov-2004

1044367386 1			140,000.00		139,289.23			12-Jul-2005		8.990%		CA - 100.00%		Paid Off - 180		01-Nov-2004

1044367632 1			44,600.00		#######			08-Jul-2005		11.750%		MD - 100.00%		Paid Off - 240		01-Dec-2004

1044367876 1			47,950.00		47,736.49			18-Jul-2005		9.625%		MD - 99.98%		Paid Off - 240		01-Nov-2004

1044368041 1			67,000.00		66,771.15			11-Jul-2005		10.990%		CA - 99.98%		Paid Off - 240		01-Nov-2004

1044368123 1			66,700.00		65,590.77			25-Jul-2005		11.750%		NC - 99.97%		Paid Off - 240		01-Nov-2004

1044368259 1			79,600.00		79,374.56			27-Jul-2005		11.750%		CA - 100.00%		Paid Off - 180		01-Nov-2004

1044368417 1			19,050.00		18,947.88			25-Jul-2005		8.750%		WA - 95.00%		Paid Off - 240		01-Nov-2004

1044368549 1			61,550.00		61,344.56			11-Jul-2005		10.990%		CA - 99.00%		Paid Off - 240		01-Nov-2004

1044368561 1			23,000.00		22,892.17			06-Jul-2005		9.375%		DE - 100.00%		Paid Off - 240		01-Nov-2004

1044368563 1			45,400.00		45,248.81			25-Jul-2005		11.000%		OR - 100.00%		Paid Off - 240		01-Nov-2004

1044368568 1			92,000.00		90,712.66			06-Jul-2005		11.750%		CA - 100.00%		Paid Off - 240		01-Nov-2004

1044369283 1			73,000.00		72,657.62			05-Jul-2005		9.375%		CA - 100.00%		Paid Off - 240		01-Nov-2004

1044369301 1			122,000.00		121,238.40			13-Jul-2005		8.000%		CA - 100.00%		Paid Off - 240		01-Nov-2004

1044369351 1			36,000.00		35,831.17			18-Jul-2005		9.375%		MD - 100.00%		Paid Off - 240		01-Nov-2004



Page 17 of 29
FFMLT Trust 2005-FFA

Mortgage Pass-Through Certificates

2005-FFA

August 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

1044369564 1			65,000.00		63,889.03			25-Jul-2005		9.375%		CA - 100.00%		Paid Off - 240		01-Nov-2004


1044370017 1			56,750.00		56,589.36			18-Jul-2005		11.750%		MD - 99.99%		Paid Off - 240		01-Nov-2004

1044373478 1			68,000.00		67,681.00			29-Jul-2005		9.375%		CA - 100.00%		Paid Off - 240		01-Nov-2004

1044374659 1			55,000.00		54,718.76			05-Jul-2005		11.250%		WA - 100.00%		Paid Off - 240		01-Nov-2004

1044374706 1			61,600.00		61,218.28			06-Jul-2005		8.250%		MD - 95.48%		Paid Off - 240		01-Nov-2004

1044374963 1			48,600.00		48,290.62			07-Jul-2005		8.250%		CA - 100.00%		Paid Off - 240		01-Nov-2004

1044375146 1			61,200.00		60,838.24			19-Jul-2005		8.250%		CA - 100.00%		Paid Off - 240		01-Nov-2004

1044375149 1			50,000.00		49,846.39			22-Jul-2005		11.375%		OH - 100.00%		Paid Off - 240		01-Nov-2004

1044375599 1			23,600.00		23,474.16			25-Jul-2005		8.750%		FL - 100.00%		Paid Off - 240		01-Nov-2004

1044375940 1			25,000.00		24,828.89			07-Jul-2005		8.750%		NV - 100.00%		Paid Off - 240		01-Nov-2004

1044376331 1			58,400.00		58,055.48			29-Jul-2005		8.250%		CA - 100.00%		Paid Off - 240		01-Nov-2004

1044376664 1			34,000.00		33,903.74			28-Jul-2005		11.750%		MD - 100.00%		Paid Off - 240		01-Nov-2004

1044376874 1			127,934.00		126,120.50			12-Jul-2005		8.250%		GA - 100.00%		Paid Off - 180		01-Nov-2004

1044377103 1			17,180.00		17,125.73			18-Jul-2005		11.250%		IL - 100.00%		Paid Off - 240		01-Nov-2004

1044377661 1			37,000.00		36,765.38			06-Jul-2005		8.250%		WA - 100.00%		Paid Off - 240		01-Nov-2004

1044377875 1			39,000.00		38,720.49			15-Jul-2005		9.500%		MI - 100.00%		Paid Off - 240		01-Dec-2004

1044377889 1			28,000.00		27,858.11			11-Jul-2005		9.000%		WA - 100.00%		Paid Off - 240		01-Nov-2004

1044378602 1			71,000.00		70,719.10			05-Jul-2005		9.625%		CA - 100.00%		Paid Off - 240		01-Dec-2004

1044378654 1			51,000.00		50,784.46			06-Jul-2005		9.875%		CA - 100.00%		Paid Off - 240		01-Nov-2004

1044378802 1			39,200.00		39,082.78			25-Jul-2005		11.500%		FL - 100.00%		Paid Off - 240		01-Nov-2004

1044379051 1			66,650.00		66,453.65			11-Jul-2005		10.999%		CA - 100.00%		Paid Off - 240		01-Dec-2004

1044379058 1			15,000.00		14,744.97			22-Jul-2005		11.500%		MD - 94.67%		Paid Off - 240		01-Dec-2004

1044379125 1			34,350.00		34,187.74			27-Jul-2005		8.750%		FL - 99.99%		Paid Off - 240		01-Dec-2004

1044379211 1			136,800.00		136,232.02			19-Jul-2005		9.375%		CA - 100.00%		Paid Off - 240		01-Dec-2004

1044379411 1			118,000.00		117,413.73			20-Jul-2005		8.500%		CA - 100.00%		Paid Off - 180		01-Dec-2004

1044379487 1			74,300.00		73,949.16			11-Jul-2005		8.750%		CA - 90.00%		Paid Off - 240		01-Dec-2004

1044379508 1			64,350.00		64,081.95			13-Jul-2005		9.375%		CA - 99.98%		Paid Off - 240		01-Dec-2004

1044379552 1			32,590.00		32,461.54			21-Jul-2005		9.625%		WA - 100.00%		Paid Off - 240		01-Dec-2004

1044381175 1			15,225.00		15,149.33			29-Jul-2005		8.500%		IL - 100.00%		Paid Off - 240		01-Dec-2004

1044381431 1			17,000.00		16,909.08			05-Jul-2005		9.375%		FL - 100.00%		Paid Off - 240		01-Dec-2004

1044381474 1			198,000.00		196,847.16			11-Jul-2005		7.750%		CA - 91.50%		Paid Off - 240		01-Dec-2004

1044381661 1			62,000.00		61,667.16			26-Jul-2005		8.250%		OR - 100.00%		Paid Off - 240		01-Dec-2004

1044381687 1			29,400.00		29,277.89			26-Jul-2005		9.375%		AZ - 100.00%		Paid Off - 240		01-Dec-2004

1044381898 1			99,000.00		98,543.95			08-Jul-2005		9.125%		CA - 94.98%		Paid Off - 240		01-Dec-2004

1044382340 1			54,200.00		53,902.16			29-Jul-2005		7.999%		CA - 99.98%		Paid Off - 240		01-Dec-2004

1044382390 1			27,000.00		26,928.59			28-Jul-2005		11.500%		CA - 100.00%		Paid Off - 240		01-Dec-2004

1044382601 1			36,200.00		36,064.52			25-Jul-2005		9.875%		AZ - 99.95%		Paid Off - 240		01-Dec-2004

1044382660 1			46,000.00		45,782.82			05-Jul-2005		8.750%		CA - 100.00%		Paid Off - 240		01-Dec-2004



Page 18 of 29
FFMLT Trust 2005-FFA

Mortgage Pass-Through Certificates

2005-FFA

August 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

1044382683 1			22,000.00		21,938.74			25-Jul-2005		11.750%		IL - 100.00%		Paid Off - 240		01-Dec-2004


1044382843 1			63,000.00		62,653.84			27-Jul-2005		8.000%		CA - 100.00%		Paid Off - 240		01-Dec-2004

1044382861 1			24,750.00		24,570.41			28-Jul-2005		8.000%		ID - 99.96%		Paid Off - 240		01-Dec-2004

1044382894 1			35,000.00		34,874.76			26-Jul-2005		10.750%		CA - 92.33%		Paid Off - 240		01-Dec-2004

1044382934 1			61,600.00		61,344.22			05-Jul-2005		9.375%		CA - 100.00%		Paid Off - 240		01-Dec-2004

1044383104 1			80,000.00		79,558.38			15-Jul-2005		7.990%		CA - 100.00%		Paid Off - 240		01-Dec-2004

1044383245 1			58,800.00		58,522.33			27-Jul-2005		8.750%		CA - 100.00%		Paid Off - 240		01-Dec-2004

1044383522 1			125,000.00		124,278.33			06-Jul-2005		8.250%		MN - 99.77%		Paid Off - 240		01-Dec-2004

1044384180 1			67,600.00		67,280.80			15-Jul-2005		8.750%		CA - 100.00%		Paid Off - 240		01-Dec-2004

1044384228 1			98,000.00		97,593.05			29-Jul-2005		9.375%		CA - 99.99%		Paid Off - 240		01-Dec-2004

1044384442 1			32,600.00		32,517.41			19-Jul-2005		11.750%		IL - 100.00%		Paid Off - 240		01-Dec-2004

1044384659 1			64,000.00		63,648.33			20-Jul-2005		8.000%		CA - 99.93%		Paid Off - 240		01-Dec-2004

1044384711 1			64,000.00		63,737.70			29-Jul-2005		11.500%		CA - 100.00%		Paid Off - 240		01-Dec-2004

1044384769 1			43,000.00		42,804.51			05-Jul-2005		9.375%		CA - 100.00%		Paid Off - 240		01-Dec-2004

1044384956 1			34,000.00		33,910.08			05-Jul-2005		11.500%		CA - 100.00%		Paid Off - 240		01-Dec-2004

1044385010 1			69,350.00		69,005.46			07-Jul-2005		8.500%		NV - 94.99%		Paid Off - 240		01-Dec-2004

1044385027 1			32,300.00		32,176.77			18-Jul-2005		11.000%		AZ - 100.00%		Paid Off - 240		01-Dec-2004

1044385714 1			66,800.00		66,450.90			29-Jul-2005		8.250%		CA - 100.00%		Paid Off - 240		01-Dec-2004

1044385820 1			47,950.00		47,706.81			26-Jul-2005		8.750%		OR - 99.99%		Paid Off - 240		01-Dec-2004

1044385972 1			88,400.00		88,139.52			25-Jul-2005		10.999%		CA - 100.00%		Paid Off - 240		01-Dec-2004

1044386223 1			32,380.00		32,202.10			07-Jul-2005		8.000%		MO - 100.00%		Paid Off - 240		01-Dec-2004

1044386450 1			52,900.00		52,752.32			25-Jul-2005		11.250%		WA - 100.00%		Paid Off - 240		01-Dec-2004

1044386632 1			88,600.00		88,177.50			11-Jul-2005		8.750%		CA - 100.00%		Paid Off - 240		01-Dec-2004

1044386713 1			38,250.00		37,764.84			21-Jul-2005		8.750%		CA - 99.98%		Paid Off - 240		01-Dec-2004

1044386757 1			58,400.00		58,227.94			19-Jul-2005		11.000%		FL - 100.00%		Paid Off - 240		01-Dec-2004

1044386906 1			84,000.00		83,789.62			15-Jul-2005		11.750%		CA - 100.00%		Paid Off - 180		01-Dec-2004

1044387194 1			23,200.00		23,086.84			28-Jul-2005		9.375%		FL - 100.00%		Paid Off - 240		01-Dec-2004

1044387214 1			62,950.00		60,135.28			14-Jul-2005		9.500%		OH - 100.00%		Paid Off - 240		01-Dec-2004

1044387484 1			97,000.00		96,466.95			22-Jul-2005		7.999%		CA - 100.00%		Paid Off - 240		01-Dec-2004

1044387952 1			19,800.00		19,738.44			05-Jul-2005		10.750%		WA - 100.00%		Paid Off - 240		01-Dec-2004

1044388343 1			41,800.00		41,643.47			29-Jul-2005		9.875%		CA - 100.00%		Paid Off - 240		01-Dec-2004

1044388393 1			28,000.00		27,925.99			08-Jul-2005		11.500%		NV - 100.00%		Paid Off - 240		01-Dec-2004

1044388437 1			30,750.00		30,658.52			20-Jul-2005		11.500%		WA - 99.97%		Paid Off - 180		01-Dec-2004

1044388494 1			54,100.00		53,940.57			08-Jul-2005		10.999%		AZ - 99.99%		Paid Off - 240		01-Dec-2004

1044388539 1			39,000.00		38,854.07			19-Jul-2005		9.875%		UT - 100.00%		Paid Off - 240		01-Dec-2004

1044388584 1			82,000.00		81,771.08			14-Jul-2005		11.250%		CA - 100.00%		Paid Off - 180		01-Dec-2004

1044388832 1			48,000.00		47,799.90			29-Jul-2005		9.375%		CA - 100.00%		Paid Off - 240		01-Dec-2004

1044389064 1			57,700.00		57,529.00			13-Jul-2005		11.750%		CA - 99.99%		Paid Off - 240		01-Dec-2004



Page 19 of 29
FFMLT Trust 2005-FFA

Mortgage Pass-Through Certificates

2005-FFA

August 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

1044389267 1			97,000.00		96,493.10			29-Jul-2005		8.250%		CA - 100.00%		Paid Off - 240		01-Dec-2004


1044389637 1			49,000.00		48,796.52			01-Jul-2005		9.375%		CA - 100.00%		Paid Off - 240		01-Dec-2004

1044389910 1			89,700.00		89,346.43			05-Jul-2005		9.625%		CA - 94.99%		Paid Off - 240		01-Dec-2004

1044390147 1			66,000.00		65,702.34			28-Jul-2005		9.250%		CA - 100.00%		Paid Off - 240		01-Dec-2004

1044390600 1			44,700.00		44,438.00			15-Jul-2005		8.000%		CO - 99.93%		Paid Off - 180		01-Dec-2004

1044390612 1			37,000.00		36,806.64			29-Jul-2005		8.250%		IL - 99.52%		Paid Off - 240		01-Dec-2004

1044390630 1			52,000.00		51,754.50			11-Jul-2005		8.750%		MN - 90.00%		Paid Off - 240		01-Dec-2004

1044391018 1			113,600.00		111,963.00			20-Jul-2005		8.250%		NJ - 100.00%		Paid Off - 240		01-Dec-2004

1044391200 1			65,000.00		64,642.79			18-Jul-2005		7.999%		CA - 100.00%		Paid Off - 240		01-Dec-2004

1044391851 1			57,000.00		56,813.15			05-Jul-2005		10.500%		CA - 100.00%		Paid Off - 240		01-Dec-2004

1044391853 1			42,000.00		41,842.86			13-Jul-2005		9.875%		CA - 100.00%		Paid Off - 240		01-Dec-2004

1044391902 1			86,950.00		86,693.31			05-Jul-2005		10.990%		CA - 100.00%		Paid Off - 240		01-Dec-2004

1044392272 1			40,400.00		40,274.40			05-Jul-2005		10.750%		MD - 100.00%		Paid Off - 240		01-Dec-2004

1044392281 1			50,550.00		50,311.29			13-Jul-2005		8.750%		AZ - 99.99%		Paid Off - 240		01-Dec-2004

1044392314 1			147,050.00		146,439.40			28-Jul-2005		9.375%		CA - 100.00%		Paid Off - 240		01-Dec-2004

1044392326 1			49,900.00		49,652.00			05-Jul-2005		9.990%		CA - 100.00%		Paid Off - 240		01-Dec-2004

1044392358 1			40,800.00		40,575.79			25-Jul-2005		8.000%		FL - 100.00%		Paid Off - 240		01-Dec-2004

1044392436 1			34,500.00		34,293.89			11-Jul-2005		8.000%		RI - 95.00%		Paid Off - 240		01-Dec-2004

1044392454 1			37,000.00		36,544.99			11-Jul-2005		9.000%		IL - 100.00%		Paid Off - 240		01-Dec-2004

1044392598 1			75,000.00		74,587.91			27-Jul-2005		8.000%		CA - 100.00%		Paid Off - 240		01-Dec-2004

1044392605 1			120,000.00		119,585.20			26-Jul-2005		10.250%		CA - 100.00%		Paid Off - 240		01-Dec-2004

1044392786 1			58,000.00		57,741.87			20-Jul-2005		11.875%		OH - 100.00%		Paid Off - 240		01-Dec-2004

1044392954 1			89,950.00		89,670.20			08-Jul-2005		10.750%		CA - 99.99%		Paid Off - 240		01-Dec-2004

1044393035 1			44,200.00		44,031.79			18-Jul-2005		10.750%		MN - 100.00%		Paid Off - 240		01-Dec-2004

1044393366 1			88,800.00		88,401.55			25-Jul-2005		8.999%		CA - 100.00%		Paid Off - 240		01-Dec-2004

1044393429 1			75,000.00		74,700.45			28-Jul-2005		9.625%		MD - 100.00%		Paid Off - 240		01-Dec-2004

1044393446 1			113,000.00		112,466.36			27-Jul-2005		8.750%		CA - 100.00%		Paid Off - 240		01-Dec-2004

1044393475 1			80,100.00		79,883.13			05-Jul-2005		10.750%		CA - 95.00%		Paid Off - 240		01-Jan-2005

1044393749 1			62,000.00		61,707.26			07-Jul-2005		8.750%		CA - 100.00%		Paid Off - 240		01-Dec-2004

1044394154 1			72,600.00		72,294.94			14-Jul-2005		9.375%		CA - 100.00%		Paid Off - 240		01-Dec-2004

1044394386 1			69,608.00		69,225.51			29-Jul-2005		8.000%		CA - 100.00%		Paid Off - 240		01-Dec-2004

1044394519 1			30,600.00		30,455.45			05-Jul-2005		8.750%		FL - 100.00%		Paid Off - 240		01-Dec-2004

1044396087 1			34,000.00		33,892.01			05-Jul-2005		10.000%		CO - 100.00%		Paid Off - 180		01-Jan-2005

1044396603 1			25,650.00		25,538.87			19-Jul-2005		8.500%		AZ - 95.00%		Paid Off - 240		01-Jan-2005

1044396625 1			151,000.00		149,230.13			25-Jul-2005		7.990%		CA - 100.00%		Paid Off - 180		01-Dec-2004

1044396789 1			99,000.00		98,641.75			25-Jul-2005		9.375%		CA - 100.00%		Paid Off - 240		01-Jan-2005

1044396841 1			56,200.00		56,021.55			05-Jul-2005		9.999%		VA - 100.00%		Paid Off - 240		01-Jan-2005

1044396875 1			42,400.00		42,206.78			18-Jul-2005		8.250%		CA - 100.00%		Paid Off - 240		01-Jan-2005



Page 20 of 29
FFMLT Trust 2005-FFA

Mortgage Pass-Through Certificates

2005-FFA

August 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

1044397039 1			250,000.00		248,860.77			27-Jul-2005		8.250%		TX - 82.86%		Paid Off - 240		01-Jan-2005


1044397299 1			48,300.00		48,068.55			07-Jul-2005		8.000%		CA - 100.00%		Paid Off - 240		01-Jan-2005

1044397504 1			83,950.00		83,646.15			28-Jul-2005		9.375%		CA - 99.99%		Paid Off - 240		01-Jan-2005

1044397987 1			99,675.00		99,329.42			12-Jul-2005		9.625%		CA - 94.93%		Paid Off - 240		01-Jan-2005

1044398119 1			99,800.00		99,465.63			28-Jul-2005		9.990%		CA - 100.00%		Paid Off - 240		01-Jan-2005

1044398288 1			38,050.00		37,912.24			21-Jul-2005		9.375%		CA - 99.78%		Paid Off - 240		01-Jan-2005

1044398328 1			52,000.00		51,769.38			18-Jul-2005		8.750%		TX - 100.00%		Paid Off - 240		01-Jan-2005

1044398495 1			37,600.00		37,164.57			05-Jul-2005		8.375%		MI - 99.99%		Paid Off - 240		01-Jan-2005

1044398593 1			41,800.00		41,674.11			07-Jul-2005		10.250%		MA - 100.00%		Paid Off - 240		01-Jan-2005

1044398696 1			59,000.00		58,933.43			27-Jul-2005		11.750%		NY - 97.36%		Paid Off - 240		01-Jan-2005

1044399006 1			33,000.00		32,864.11			27-Jul-2005		8.750%		FL - 100.00%		Paid Off - 240		01-Jan-2005

1044399131 1			30,000.00		29,909.56			25-Jul-2005		10.250%		FL - 100.00%		Paid Off - 180		01-Jan-2005

1044399174 1			53,000.00		52,832.51			28-Jul-2005		10.500%		FL - 100.00%		Paid Off - 240		01-Jan-2005

1044399265 1			45,470.00		45,282.24			26-Jul-2005		8.750%		CA - 100.00%		Paid Off - 240		01-Jan-2005

1044399407 1			38,380.00		38,229.85			15-Jul-2005		9.000%		GA - 100.00%		Paid Off - 180		01-Jan-2005

1044399548 1			54,000.00		53,828.51			20-Jul-2005		9.999%		AZ - 100.00%		Paid Off - 240		01-Jan-2005

1044399904 1			56,000.00		55,814.78			28-Jul-2005		10.750%		AZ - 100.00%		Paid Off - 240		01-Jan-2005

1044400154 1			39,750.00		39,602.33			27-Jul-2005		9.250%		CA - 99.99%		Paid Off - 240		01-Jan-2005

1044400156 1			45,000.00		44,856.78			05-Jul-2005		9.990%		CA - 100.00%		Paid Off - 240		01-Jan-2005

1044400250 1			30,050.00		29,944.02			05-Jul-2005		9.500%		UT - 99.97%		Paid Off - 240		01-Jan-2005

1044400804 1			30,800.00		30,673.15			15-Jul-2005		8.750%		UT - 99.99%		Paid Off - 240		01-Jan-2005

1044401100 1			48,250.00		48,075.38			25-Jul-2005		9.375%		CA - 99.98%		Paid Off - 240		01-Jan-2005

1044401133 1			52,500.00		52,357.86			15-Jul-2005		10.750%		CA - 95.00%		Paid Off - 240		01-Jan-2005

1044401433 1			75,400.00		75,183.47			15-Jul-2005		10.500%		CA - 100.00%		Paid Off - 240		01-Jan-2005

1044401726 1			52,800.00		52,640.92			05-Jul-2005		10.250%		IL - 100.00%		Paid Off - 240		01-Jan-2005

1044401730 1			43,000.00		42,877.18			19-Jul-2005		10.500%		CA - 100.00%		Paid Off - 240		01-Jan-2005

1044401865 1			56,600.00		56,438.36			05-Jul-2005		10.500%		CA - 100.00%		Paid Off - 240		01-Jan-2005

1044402545 1			85,000.00		84,631.77			05-Jul-2005		8.500%		CA - 100.00%		Paid Off - 240		01-Jan-2005

1044402746 1			24,800.00		24,554.16			19-Jul-2005		9.625%		FL - 100.00%		Paid Off - 240		01-Jan-2005

1044403085 1			61,000.00		60,748.78			05-Jul-2005		10.250%		NV - 100.00%		Paid Off - 240		01-Jan-2005

1044403912 1			88,500.00		88,187.92			21-Jul-2005		9.500%		CA - 100.00%		Paid Off - 240		01-Jan-2005

1044404320 1			95,000.00		94,713.86			12-Jul-2005		10.250%		CA - 100.00%		Paid Off - 240		01-Jan-2005

1044404512 1			55,000.00		54,834.32			22-Jul-2005		10.250%		CA - 92.94%		Paid Off - 240		01-Jan-2005

1044405319 1			44,400.00		44,273.24			20-Jul-2005		10.500%		MD - 100.00%		Paid Off - 240		01-Jan-2005

1044405471 1			101,000.00		100,562.51			29-Jul-2005		8.500%		CA - 100.00%		Paid Off - 240		01-Jan-2005

1044406348 1			24,000.00		23,933.29			25-Jul-2005		10.625%		OH - 100.00%		Paid Off - 180		01-Jan-2005

1044406664 1			79,800.00		79,595.24			05-Jul-2005		10.999%		NJ - 100.00%		Paid Off - 240		01-Jan-2005

1044406939 1			61,500.00		61,283.13			14-Jul-2005		9.500%		OR - 100.00%		Paid Off - 240		01-Jan-2005



Page 21 of 29
FFMLT Trust 2005-FFA

Mortgage Pass-Through Certificates

2005-FFA

August 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

1044407149 1			65,650.00		65,350.82			07-Jul-2005		8.250%		CA - 100.00%		Paid Off - 240		01-Jan-2005


1044407234 1			43,000.00		42,863.48			18-Jul-2005		9.999%		NV - 100.00%		Paid Off - 240		01-Jan-2005

1044407307 1			67,000.00		66,694.70			27-Jul-2005		8.250%		CA - 100.00%		Paid Off - 240		01-Jan-2005

1044408101 1			60,600.00		60,391.78			05-Jul-2005		9.625%		CA - 100.00%		Paid Off - 240		01-Jan-2005

1044408160 1			52,000.00		51,839.17			12-Jul-2005		10.125%		CA - 100.00%		Paid Off - 240		01-Jan-2005

1044408222 1			55,900.00		55,748.62			27-Jul-2005		10.750%		CA - 100.00%		Paid Off - 240		01-Jan-2005

1044408224 1			38,450.00		38,291.69			22-Jul-2005		8.750%		CA - 92.99%		Paid Off - 240		01-Jan-2005

1044408759 1			47,200.00		47,078.88			28-Jul-2005		11.000%		MD - 100.00%		Paid Off - 240		01-Jan-2005

1044409428 1			81,600.00		81,401.12			07-Jul-2005		10.500%		CA - 100.00%		Paid Off - 240		01-Feb-2005

1044409553 1			89,250.00		89,016.04			25-Jul-2005		10.500%		CA - 95.00%		Paid Off - 240		01-Feb-2005

1044410114 1			48,000.00		47,704.41			25-Jul-2005		9.250%		MD - 100.00%		Paid Off - 240		01-Jan-2005

1044410661 1			23,400.00		23,331.37			06-Jul-2005		9.625%		FL - 100.00%		Paid Off - 240		01-Feb-2005

1044410813 1			44,000.00		43,870.95			05-Jul-2005		9.625%		GA - 100.00%		Paid Off - 180		01-Feb-2005

1044411147 1			75,000.00		74,790.93			25-Jul-2005		10.250%		CA - 100.00%		Paid Off - 240		01-Feb-2005

1044411809 1			87,000.00		86,799.02			18-Jul-2005		10.750%		CA - 100.00%		Paid Off - 240		01-Feb-2005

1044412223 1			79,000.00		78,817.44			22-Jul-2005		10.750%		CA - 100.00%		Paid Off - 240		01-Feb-2005

1044412225 1			28,600.00		28,494.87			13-Jul-2005		9.875%		IL - 100.00%		Paid Off - 240		01-Feb-2005

1044412568 1			41,200.00		41,079.15			26-Jul-2005		9.625%		OH - 100.00%		Paid Off - 240		01-Feb-2005

1044412767 1			66,400.00		66,220.00			14-Jul-2005		9.999%		VA - 100.00%		Paid Off - 240		01-Feb-2005

1044412904 1			63,000.00		62,778.47			28-Jul-2005		8.750%		MN - 100.00%		Paid Off - 240		01-Feb-2005

1044413257 1			48,000.00		47,883.03			20-Jul-2005		10.500%		MD - 100.00%		Paid Off - 240		01-Feb-2005

1044413425 1			62,800.00		62,634.27			05-Jul-2005		10.125%		CA - 100.00%		Paid Off - 240		01-Feb-2005

1044413658 1			74,780.00		74,597.26			05-Jul-2005		10.750%		CA - 100.00%		Paid Off - 240		01-Feb-2005

1044415396 1			32,500.00		32,014.17			19-Jul-2005		9.875%		MD - 100.00%		Paid Off - 180		01-Feb-2005

1044415492 1			24,200.00		24,144.11			18-Jul-2005		10.750%		CO - 100.00%		Paid Off - 180		01-Feb-2005

1044415550 1			58,400.00		58,208.24			05-Jul-2005		10.500%		WA - 100.00%		Paid Off - 180		01-Feb-2005

1044415674 1			38,000.00		37,873.08			12-Jul-2005		9.000%		AZ - 100.00%		Paid Off - 240		01-Feb-2005

1044415736 1			81,450.00		81,177.99			19-Jul-2005		9.000%		CA - 99.99%		Paid Off - 240		01-Feb-2005

1044415772 1			45,500.00		45,331.36			14-Jul-2005		8.990%		CA - 100.00%		Paid Off - 240		01-Feb-2005

1044415778 1			87,800.00		87,561.53			05-Jul-2005		9.990%		CA - 100.00%		Paid Off - 240		01-Feb-2005

1044415838 1			36,200.00		36,098.55			28-Jul-2005		9.875%		MN - 100.00%		Paid Off - 240		01-Feb-2005

1044415941 1			41,900.00		41,760.07			22-Jul-2005		9.000%		CA - 100.00%		Paid Off - 240		01-Feb-2005

1044416392 1			43,950.00		43,821.13			01-Jul-2005		9.625%		CA - 99.98%		Paid Off - 240		01-Feb-2005

1044416450 1			121,150.00		120,685.66			12-Jul-2005		8.500%		CA - 100.00%		Paid Off - 240		01-Feb-2005

1044416971 1			133,000.00		132,648.98			06-Jul-2005		10.125%		CA - 100.00%		Paid Off - 240		01-Feb-2005

1044417750 1			62,190.00		62,053.87			27-Jul-2005		11.000%		NJ - 100.00%		Paid Off - 180		01-Feb-2005

1044418211 1			61,800.00		61,536.13			20-Jul-2005		7.990%		CA - 100.00%		Paid Off - 240		01-Feb-2005

1044418404 1			39,050.00		38,959.81			25-Jul-2005		10.750%		AZ - 100.00%		Paid Off - 240		01-Feb-2005



Page 22 of 29
FFMLT Trust 2005-FFA

Mortgage Pass-Through Certificates

2005-FFA

August 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

1044418513 1			27,600.00		27,373.78			27-Jul-2005		9.875%		NJ - 100.00%		Paid Off - 240		01-Feb-2005


1044419044 1			21,500.00		21,446.21			19-Jul-2005		10.375%		MI - 97.20%		Paid Off - 240		01-Feb-2005

1044419626 1			48,000.00		47,839.70			25-Jul-2005		8.999%		CA - 100.00%		Paid Off - 240		01-Feb-2005

1044419805 1			71,650.00		71,465.79			11-Jul-2005		10.250%		VA - 100.00%		Paid Off - 240		01-Feb-2005

1044419823 1			#######		41,844.64			18-Jul-2005		8.500%		CA - 100.00%		Paid Off - 240		01-Feb-2005

1044419930 1			59,800.00		59,654.28			05-Jul-2005		10.500%		MD - 99.99%		Paid Off - 240		01-Feb-2005

1044420673 1			35,250.00		34,951.71			15-Jul-2005		9.625%		MA - 95.00%		Paid Off - 240		01-Feb-2005

1044420886 1			34,350.00		34,249.81			25-Jul-2005		10.500%		MN - 100.00%		Paid Off - 240		01-Feb-2005

1044421216 1			59,000.00		58,863.73			05-Jul-2005		10.750%		NV - 100.00%		Paid Off - 240		01-Feb-2005

1044421620 1			41,400.00		41,238.89			15-Jul-2005		8.250%		CA - 100.00%		Paid Off - 240		01-Feb-2005

1044421700 1			36,000.00		35,916.80			05-Jul-2005		10.750%		CA - 100.00%		Paid Off - 240		01-Feb-2005

1044422446 1			66,000.00		65,743.08			14-Jul-2005		8.250%		CA - 100.00%		Paid Off - 240		01-Feb-2005

1044422612 1			40,000.00		39,876.40			25-Jul-2005		9.375%		CA - 90.00%		Paid Off - 240		01-Feb-2005

1044423011 1			63,200.00		62,966.20			18-Jul-2005		8.500%		CO - 100.00%		Paid Off - 180		01-Feb-2005

1044423166 1			37,000.00		36,904.88			20-Jul-2005		10.250%		CO - 100.00%		Paid Off - 180		01-Feb-2005

1044423180 1			37,600.00		37,503.38			26-Jul-2005		10.250%		FL - 100.00%		Paid Off - 240		01-Feb-2005

1044423236 1			89,000.00		88,794.38			21-Jul-2005		10.750%		CA - 100.00%		Paid Off - 240		01-Feb-2005

1044423825 1			31,000.00		30,924.43			08-Jul-2005		10.500%		TX - 100.00%		Paid Off - 240		01-Feb-2005

1044424072 1			45,000.00		44,884.31			15-Jul-2005		10.250%		WA - 99.07%		Paid Off - 240		01-Feb-2005

1044424132 1			34,450.00		34,315.91			21-Jul-2005		8.250%		CA - 93.00%		Paid Off - 240		01-Feb-2005



TOTAL			16,292,212.00		16,215,279.43



Page 23 of 29
FFMLT Trust 2005-FFA

Mortgage Pass-Through Certificates

2005-FFA

August 25, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



															Total


Current




Number of Loans Liquidated														1
Collateral Principal Realized Loss/(Gain) Amount														22,138.15
Collateral Interest Realized Loss/(Gain) Amount														0.00
Net Liquidation Proceeds														13,343.30

Cumulative




Number of Loans Liquidated														1
Collateral Realized Loss/(Gain) Amount														22,138.15
Net Liquidation Proceeds														13,343.30










Page 24 of 29
FFMLT Trust 2005-FFA

Mortgage Pass-Through Certificates

2005-FFA

August 25, 2005 Distribution


DEFAULT SPEEDS



															Total



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


CDR														0.06%
3 Months Avg CDR														0.06%
12 Months Avg CDR														0.06%
Avg CDR Since Cut-off														0.06%


SDA														0.34%
3 Months Avg SDA Approximation														0.34%
12 Months Avg SDA Approximation														0.34%
Avg SDA Since Cut-off Approximation														0.34%


Loss Severity Approximation for Current Period														62.39%
3 Months Avg Loss Severity Approximation														62.39%
12 Months Avg Loss Severity Approximation														62.39%
Avg Loss Severity Approximation Since Cut-off														62.39%












Page 25 of 29
FFMLT Trust 2005-FFA

Mortgage Pass-Through Certificates

2005-FFA

August 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 26 of 29
FFMLT Trust 2005-FFA

Mortgage Pass-Through Certificates

2005-FFA

August 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)

1044361487 1
			11.000%		MN - 100.00%		240		35,481.45				22,138.15		0.00



TOTAL									35,481.45			22,138.15		0.00



Page 27 of 29
FFMLT Trust 2005-FFA

Mortgage Pass-Through Certificates

2005-FFA

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

														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								0.00
						Ending Balance								723,682,054.46
						Senior Enhancement Percentage								28.2053%
						Cumulative Loss Percentage								0.0030%



ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION

														Total
Net Monthly Excess Cashflow														0.00
Net Monthly Excess Cashflow Alloc to Losses														22,138.15
Net Monthly Excess Cashflow Alloc to Unpaid Int														0.00





Page 28 of 29
FFMLT Trust 2005-FFA

Mortgage Pass-Through Certificates

2005-FFA

August 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

			M-1										$0.00		$0.00

			M-2										$470.91		$0.00

			M-3										$439.03		$0.00

			M-4										#######		$0.00

			B-1										$168.49		$0.00

			B-2										-$339.44		$0.00

			B-3										#######		$0.00

			B-4										#######		$0.00

			B-5										#######		$0.00







Page 29 of 29

FFMLT TRUST 2005-FFA 8-K