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

               Financial Asset Securities Corp. (as Depositor under the
              Pooling and Servicing Agreement, dated as August 1, 2005,
              providing for the issuance of First Franklin Mortgage Loan
           Trust 2004-FFH4 Asset-Backed Certificates, Series 2005-FFH3)
                 (Exact name of registrant as specified in charter)

                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-120575-24                          74-2440850
          (Commission File Number)        (I.R.S. Employer Identification No.)


               3 World Financial Center
               New York, New York                        10285
          (Address of principal executive offices)     (Zip Code)


          Registrant's Telephone Number, Including Area Code:  (212) 526-7000


         (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
     October 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 Financial Asset Securities
                                  Corporation, Registrant


          Date:  Oct 28, 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 October 25, 2005.



First Franklin Mortgage Loan Trust 2005-FFH3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-FFH3

October 25, 2005 Distribution

				External Parties						Table of Contents

													Page
				Seller									Page
				Seller						1. Certificate Payment Report					2
				Financial Asset Securites Corp.						1. Certificate Payment Report					2
				Financial Asset Securites Corp.						2. Collection Account Report					6
										2. Collection Account Report					6
										3. Credit Enhancement Report					8
										4. Collateral Report					9
				Certificate Insurer(s)						5. Delinquency Report					12
				Certificate Insurer(s)						5. Delinquency Report					12
										6. REO Report					15

										7. Foreclosure Report					16
										8. Prepayment Report					17
										9. Prepayment Detail Report					20
										9. Prepayment Detail Report					20
										10. Realized Loss Report					21
										11. Realized Loss Detail Report					24
				Servicer(s)						11. Realized Loss Detail Report					24
				Servicer(s)						12. Triggers and Adj. Cert. Report					25
				National City Home Loan						12. Triggers and Adj. Cert. Report					25
				National City Home Loan						13. Additional Certificate Report					26
										13. Additional Certificate Report					26


				Underwriter(s)
				Greenwich Capital Markets


										Total Number of Pages					26
										Total Number of Pages

				Dates						Contacts

				Cut-Off Date:			August 01, 2005			Marion Hogan
				Close Date:			August 26, 2005			Administrator
				First Distribution Date:			September 26, 2005			(714) 247-6282
										marion.c.hogan@db.com
										marion.c.hogan@db.com
										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92705
				Distribution Date:			October 25, 2005
										Factor Information:			(800) 735-7777
				Record Date:			September 30, 2005			Factor Information:			(800) 735-7777
										Main Phone Number:			(714) 247-6000

							October 24, 2005
							October 24, 2005

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






Page 1 of 26
First Franklin Mortgage Loan Trust 2005-FFH3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-FFH3

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


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

I-A-1	SR	$	488,475,000.00		486,435,470.58		1,610,506.77		1,607,104.54		3,217,611.31		0.00		0.00		484,828,366.04
I-A-1	SR	$	488,475,000.00		486,435,470.58		1,610,506.77		1,607,104.54		3,217,611.31		0.00		0.00		484,828,366.04
II-A-1	SR	$	133,643,000.00		127,572,549.39		406,956.43		5,032,980.39		5,439,936.82		0.00		0.00		122,539,569.00
II-A-2	SR	$	192,596,000.00		192,596,000.00		642,307.66		0.00		642,307.66		0.00		0.00		192,596,000.00
II-A-3	SR	$	23,486,000.00		23,486,000.00		80,217.74		0.00		80,217.74		0.00		0.00		23,486,000.00
M-1	SUB	$	73,800,000.00		73,800,000.00		258,013.00		0.00		258,013.00		0.00		0.00		73,800,000.00
M-2	SUB	$	37,800,000.00		37,800,000.00		132,762.00		0.00		132,762.00		0.00		0.00		37,800,000.00
M-3	SUB	$	30,600,000.00		30,600,000.00		108,706.50		0.00		108,706.50		0.00		0.00		30,600,000.00
M-4	SUB	$	30,600,000.00		30,600,000.00		110,925.01		0.00		110,925.01		0.00		0.00		30,600,000.00
M-5	SUB	$	28,200,000.00		28,200,000.00		104,723.84		0.00		104,723.84		0.00		0.00		28,200,000.00
M-6	SUB	$	27,000,000.00		27,000,000.00		106,140.00		0.00		106,140.00		0.00		0.00		27,000,000.00
M-7	SUB	$	24,600,000.00		24,600,000.00		105,622.83		0.00		105,622.83		0.00		0.00		24,600,000.00
M-8	SUB	$	21,000,000.00		21,000,000.00		98,624.17		0.00		98,624.17		0.00		0.00		21,000,000.00
M-9	SUB	$	11,400,000.00		11,400,000.00		53,538.83		0.00		53,538.83		0.00		0.00		11,400,000.00
M-10	SUB	$	12,600,000.00		12,600,000.00		59,174.50		0.00		59,174.50		0.00		0.00		12,600,000.00
B-1	SUB	$	12,600,000.00		12,600,000.00		59,174.50		0.00		59,174.50		0.00		0.00		12,600,000.00
B-2	SUB	$	12,000,000.00		12,000,000.00		56,356.66		0.00		56,356.66		0.00		0.00		12,000,000.00
B-3	SUB	$	11,400,000.00		11,400,000.00		53,538.83		0.00		53,538.83		0.00		0.00		11,400,000.00
B-4	SUB	$	16,800,000.00		16,800,000.00		78,899.33		0.00		78,899.33		0.00		0.00		16,800,000.00
C	NOF	$	11,399,900.00		11,400,000.00		167,003.73		0.00		167,003.73		0.00		0.00		11,400,000.00
P	NOF	$	100.00		100.00		61,397.56		0.00		61,397.56		0.00		0.00		100.00
R	RES	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
R-X	RES	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			1,200,000,000.00		1,191,890,119.97		4,354,589.89		6,640,084.93		10,994,674.82		0.00		0.00		1,185,250,035.04
Total





Page 2 of 26
First Franklin Mortgage Loan Trust 2005-FFH3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-FFH3

October 25, 2005 Distribution

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

									(1)		(1)		(2)		(3)		(4)=(2)+(3)	(5)
I-A-1	09/26/05		10/24/05		A-Act/360		32027NUY5		488,475,000.00		995.824701		3.297010		3.290045		6.587054	992.534656
II-A-1	09/26/05		10/24/05		A-Act/360		32027NUZ2		133,643,000.00		954.577115		3.045101		37.659888		40.704989	916.917227
II-A-2	09/26/05		10/24/05		A-Act/360		32027NVA6		192,596,000.00		1,000.000000		3.335000		0.000000		3.335000	1,000.000000
II-A-3	09/26/05		10/24/05		A-Act/360		32027NVB4		23,486,000.00		1,000.000000		3.415556		0.000000		3.415556	1,000.000000
M-1	09/26/05		10/24/05		A-Act/360		32027NVC2		73,800,000.00		1,000.000000		3.496111		0.000000		3.496111	1,000.000000
M-2	09/26/05		10/24/05		A-Act/360		32027NVD0		37,800,000.00		1,000.000000		3.512222		0.000000		3.512222	1,000.000000
M-3	09/26/05		10/24/05		A-Act/360		32027NVE8		30,600,000.00		1,000.000000		3.552500		0.000000		3.552500	1,000.000000
M-4	09/26/05		10/24/05		A-Act/360		32027NVF5		30,600,000.00		1,000.000000		3.625000		0.000000		3.625000	1,000.000000
M-5	09/26/05		10/24/05		A-Act/360		32027NVG3		28,200,000.00		1,000.000000		3.713611		0.000000		3.713611	1,000.000000
M-6	09/26/05		10/24/05		A-Act/360		32027NVH1		27,000,000.00		1,000.000000		3.931111		0.000000		3.931111	1,000.000000
M-7	09/26/05		10/24/05		A-Act/360		32027NVJ7		24,600,000.00		1,000.000000		4.293611		0.000000		4.293611	1,000.000000
M-8	09/26/05		10/24/05		A-Act/360		32027NVK4		21,000,000.00		1,000.000000		4.696389		0.000000		4.696389	1,000.000000
M-9	09/26/05		10/24/05		A-Act/360		32027NVL2		11,400,000.00		1,000.000000		4.696389		0.000000		4.696389	1,000.000000
M-10	09/26/05		10/24/05		A-Act/360		32027NVM0		12,600,000.00		1,000.000000		4.696389		0.000000		4.696389	1,000.000000
B-1	09/26/05		10/24/05		A-Act/360		32027NVN8		12,600,000.00		1,000.000000		4.696389		0.000000		4.696389	1,000.000000
B-2	09/26/05		10/24/05		A-Act/360		32027NVP3		12,000,000.00		1,000.000000		4.696388		0.000000		4.696388	1,000.000000
B-3	09/26/05		10/24/05		A-Act/360		32027NVQ1		11,400,000.00		1,000.000000		4.696389		0.000000		4.696389	1,000.000000
B-4	09/26/05		10/24/05		A-Act/360		32027NVR9		16,800,000.00		1,000.000000		4.696389		0.000000		4.696389	1,000.000000
C	09/25/05		10/24/05		A-30/360		GC05Z3101		11,399,900.00		1,000.008772		14.649579		0.000000		14.649579	1,000.008772
P	09/25/05		10/24/05		A-30/360		GC05Z3102		100.00		1,000.000000		613,975.600000		0.000000		613,975.600000	1,000.000000
R	09/25/05		10/24/05		A-30/360		GC05Z3103		0.00		0.000000		0.000000		0.000000		0.000000	0.000000
R-X	09/25/05		10/24/05		A-30/360		GC05Z3104		0.00		0.000000		0.000000		0.000000		0.000000	0.000000




Page 3 of 26
First Franklin Mortgage Loan Trust 2005-FFH3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-FFH3

October 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)
I-A-1	488,475,000.00		3,259,646.27		3,487,768.58		158,865.38		3,646,633.96		6,906,280.23		0.00		0.00		484,828,366.04
II-A-1	133,643,000.00		840,886.08		10,618,472.41		484,958.59		11,103,431.00		11,944,317.08		0.00		0.00		122,539,569.00
II-A-2	192,596,000.00		1,297,506.04		0.00		0.00		0.00		1,297,506.04		0.00		0.00		192,596,000.00
II-A-3	23,486,000.00		162,137.91		0.00		0.00		0.00		162,137.91		0.00		0.00		23,486,000.00
M-1	73,800,000.00		521,785.54		0.00		0.00		0.00		521,785.54		0.00		0.00		73,800,000.00
M-2	37,800,000.00		268,516.01		0.00		0.00		0.00		268,516.01		0.00		0.00		37,800,000.00
M-3	30,600,000.00		219,920.10		0.00		0.00		0.00		219,920.10		0.00		0.00		30,600,000.00
M-4	30,600,000.00		224,510.11		0.00		0.00		0.00		224,510.11		0.00		0.00		30,600,000.00
M-5	28,200,000.00		212,071.47		0.00		0.00		0.00		212,071.47		0.00		0.00		28,200,000.00
M-6	27,000,000.00		215,197.15		0.00		0.00		0.00		215,197.15		0.00		0.00		27,000,000.00
M-7	24,600,000.00		214,518.51		0.00		0.00		0.00		214,518.51		0.00		0.00		24,600,000.00
M-8	21,000,000.00		200,625.56		0.00		0.00		0.00		200,625.56		0.00		0.00		21,000,000.00
M-9	11,400,000.00		108,911.01		0.00		0.00		0.00		108,911.01		0.00		0.00		11,400,000.00
M-10	12,600,000.00		120,375.34		0.00		0.00		0.00		120,375.34		0.00		0.00		12,600,000.00
B-1	12,600,000.00		120,375.34		0.00		0.00		0.00		120,375.34		0.00		0.00		12,600,000.00
B-2	12,000,000.00		114,643.17		0.00		0.00		0.00		114,643.17		0.00		0.00		12,000,000.00
B-3	11,400,000.00		108,911.01		0.00		0.00		0.00		108,911.01		0.00		0.00		11,400,000.00
B-4	16,800,000.00		160,500.45		0.00		0.00		0.00		160,500.45		0.00		0.00		16,800,000.00
C	11,399,900.00		1,003,881.45		-96.03		-3.97		0.00		1,003,881.45		0.00		100.00		11,400,000.00
P	100.00		94,546.85		0.00		0.00		0.00		94,546.85		0.00		0.00		100.00
R	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
R-X	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total	1,200,000,000.00		9,469,465.37		14,106,144.96		643,820.00		14,750,064.96		24,219,530.33		0.00		100.00		1,185,250,035.04



Page 4 of 26
First Franklin Mortgage Loan Trust 2005-FFH3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-FFH3

October 25, 2005 Distribution

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

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

Class	Rate		Balance		Interest		Interest SF		Interest		Adjustment		Interest		Interest		Interest
					(1)		(2)		(3)		(4)		(5)=(1)-(2)+(3)+(4)		(6)		(7)=(5)-(6)
I-A-1	4.11000%		486,435,470.58		1,610,506.77		0.00		0.00		0.00		1,610,506.77		1,610,506.77		0.00
II-A-1	3.96000%		127,572,549.39		406,956.43		0.00		0.00		0.00		406,956.43		406,956.43		0.00
II-A-2	4.14000%		192,596,000.00		642,307.66		0.00		0.00		0.00		642,307.66		642,307.66		0.00
II-A-3	4.24000%		23,486,000.00		80,217.74		0.00		0.00		0.00		80,217.74		80,217.74		0.00
M-1	4.34000%		73,800,000.00		258,013.00		0.00		0.00		0.00		258,013.00		258,013.00		0.00
M-2	4.36000%		37,800,000.00		132,762.00		0.00		0.00		0.00		132,762.00		132,762.00		0.00
M-3	4.41000%		30,600,000.00		108,706.50		0.00		0.00		0.00		108,706.50		108,706.50		0.00
M-4	4.49984%		30,600,000.00		110,921.06		0.00		0.00		0.00		110,921.06		110,925.01		0.00
M-5	4.49984%		28,200,000.00		102,221.37		0.00		0.00		0.00		102,221.37		104,723.84		0.00
M-6	4.49984%		27,000,000.00		97,871.52		0.00		0.00		0.00		97,871.52		106,140.00		0.00
M-7	4.49984%		24,600,000.00		89,171.83		0.00		0.00		0.00		89,171.83		105,622.83		0.00
M-8	4.49984%		21,000,000.00		76,122.30		0.00		0.00		0.00		76,122.30		98,624.17		0.00
M-9	4.49984%		11,400,000.00		41,323.53		0.00		0.00		0.00		41,323.53		53,538.83		0.00
M-10	4.49984%		12,600,000.00		45,673.38		0.00		0.00		0.00		45,673.38		59,174.50		0.00
B-1	4.49984%		12,600,000.00		45,673.38		0.00		0.00		0.00		45,673.38		59,174.50		0.00
B-2	4.49984%		12,000,000.00		43,498.45		0.00		0.00		0.00		43,498.45		56,356.66		0.00
B-3	4.49984%		11,400,000.00		41,323.53		0.00		0.00		0.00		41,323.53		53,538.83		0.00
B-4	4.49984%		16,800,000.00		60,897.84		0.00		0.00		0.00		60,897.84		78,899.33		0.00
C	17.57934%		11,400,000.00		167,003.73		0.00		0.00		0.00		167,003.73		167,003.73		0.00
P	0.00000%		100.00		0.00		0.00		0.00		0.00		0.00		61,397.56		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
R-X	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			1,191,890,119.97		4,161,172.02		0.00		0.00		0.00		4,161,172.02		4,354,589.89		0.00



Page 5 of 26
First Franklin Mortgage Loan Trust 2005-FFH3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-FFH3

October 25, 2005 Distribution
Collection Account Report
SUMMARY
SUMMARY
										Group 2		Group 1		Total
Principal Collections										5,012,321.32		1,600,507.79		6,612,829.11
Principal Withrawals										0.00		0.00		0.00
Principal Other Accounts										0.00		0.00		0.00
TOTAL NET PRINCIPAL										5,012,321.32		1,600,507.79		6,612,829.11
Interest Collections										1,820,007.28		2,723,824.19		4,543,831.48
Interest Withdrawals										-0.00		-0.00		-0.00
Interest Other Accounts										0.00		0.00		61,397.56
Interest Fees										-85,337.00		-128,945.72		-223,383.31
TOTAL NET INTEREST										1,734,670.28		2,594,878.47		4,381,845.73
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION										6,746,991.60		4,195,386.26		10,994,674.84



PRINCIPAL - COLLECTIONS
PRINCIPAL - COLLECTIONS
											Group 2		Group 1		Total
Scheduled Principal Received											104,115.36		218,102.24		322,217.60
Curtailments											18,967.63		18,139.68		37,107.31
Prepayments In Full											4,201,494.15		1,364,265.87		5,565,760.02
Repurchased/Substitutions											0.00		0.00		0.00
Liquidations											715,000.00		0.00		715,000.00
Other Additional Principal											0.00		0.00		0.00
Delinquent Principal											-28,221.49		-53,623.59		-81,845.08
Realized Losses											-27,255.82		-0.00		-27,255.82
Advanced Principal											28,221.49		53,623.59		81,845.08
TOTAL PRINCIPAL COLLECTED											5,012,321.32		1,600,507.79		6,612,829.11


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



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





Page 6 of 26
First Franklin Mortgage Loan Trust 2005-FFH3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-FFH3

October 25, 2005 Distribution

INTEREST - COLLECTIONS
INTEREST - COLLECTIONS
										Group 2		Group 1		Total
Scheduled Interest										1,850,527.47		2,769,019.14		4,619,546.61
Repurchased/Substitution Interest										0.00		0.00		0.00
Liquidation Interest										4,319.79		0.00		4,319.79
Other Additional Interest										0.00		0.00		0.00
Prepayment Interest Shortfalls										-2,335.02		-976.29		-3,311.31
Delinquent Interest										-552,535.26		-732,109.85		-1,284,645.11
Compensating Interest										2,335.02		976.29		3,311.31
Civil Relief Act Shortfalls										-0.00		-0.00		-0.00
Interest Advanced										517,695.28		686,914.89		1,204,610.17
TOTAL INTEREST COLLECTED										1,820,007.28		2,723,824.19		4,543,831.48


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



INTEREST - OTHER ACCOUNTS
INTEREST - OTHER ACCOUNTS
										Group 2		Group 1		Total
Interest from Interest Coverage Account										0.00		0.00		0.00
Prepayment Charges														61,397.56
TOTAL INTEREST OTHER ACCOUNTS										0.00		0.00		61,397.56



INTEREST - FEES
INTEREST - FEES
										Group 2		Group 1		Total
Current Servicing Fees										84,810.54		128,182.86		212,993.40
Trustee Fees										906.78		1,278.35		2,185.12
Credit Risk Manager Fee										3,350.21		4,854.58		8,204.79
TOTAL INTEREST FEES										85,337.00		128,945.72		223,383.31




Page 7 of 26
First Franklin Mortgage Loan Trust 2005-FFH3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-FFH3

October 25, 2005 Distribution
Credit Enhancement Report

ACCOUNTS


Net WAC Rate Carryover Reserve Account

Amount Deposited in the Account						0.00
Begining Balance						132,020.31
Amount Withdrawn						132,020.31
Ending Balance						0.00




INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES
STRUCTURAL FEATURES
										Group 2		Group 1		Total
Overcollateralization Amount														11,400,000.00
Overcollateralization Target Amount														11,400,000.00
Overcollateralization Deficiency Amount														27,255.82
Overcollateralization Release Amount														0.00



Page 8 of 26
First Franklin Mortgage Loan Trust 2005-FFH3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-FFH3

October 25, 2005 Distribution
Collateral Report


COLLATERAL



											Group 2		Group 1		Total



Loan Count:


Original										1,139		3,579		4,718
Prior										1,120		3,566		4,686
Prefunding										0		0		0
Scheduled Paid Offs										-0		-0		-0
Full Voluntary Prepayments										-14		-10		-24
Repurchases										-0		-0		-0
Liquidations										-1		-0		-1
Current										1,105		3,556		4,661
Principal Balance:


Original										293,231,622.10		418,146,256.84		711,377,878.94
Prior										287,161,246.34		416,106,752.57		703,267,998.91
Prefunding										207,448,687.86		281,173,433.20		488,622,121.06
Scheduled Principal										-104,115.36		-218,102.24		-322,217.60
Partial Prepayments										-18,967.63		-18,139.68		-37,107.31
Full Voluntary Prepayments										-4,201,494.15		-1,364,265.87		-5,565,760.02
Repurchases										-0.00		-0.00		-0.00
Liquidations										-715,000.00		-0.00		-715,000.00
Current										489,570,357.06		695,679,677.98		1,185,250,035.04





PREFUNDING
PREFUNDING
										Group 2		Group 1		Total
Prefunding Account Original Balance										207,448,687.86		281,173,433.20		488,622,121.06
Prefunding Account Beginning Balance										207,448,687.86		281,173,433.20		488,622,121.06
Subsequent Loans Added to the Pool										0.00		0.00		0.00
Prefund Release to Certificate Holders										0.00		0.00		0.00
Prefunding Account Ending Balance										207,448,687.86		281,173,433.20		488,622,121.06





Page 9 of 26
First Franklin Mortgage Loan Trust 2005-FFH3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-FFH3

October 25, 2005 Distribution

CHARACTERISTICS
CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Coupon Original										7.75017%		7.98705%		7.88941%
Weighted Average Coupon Prior										7.75017%		7.98705%		7.88941%
Weighted Average Coupon Current										7.75110%		7.98551%		7.88979%
Weighted Average Months to Maturity Original										356		356		356
Weighted Average Months to Maturity Prior										356		356		356
Weighted Average Months to Maturity Current										355		355		355
Weighted Avg Remaining Amortization Term Original										356		356		356
Weighted Avg Remaining Amortization Term Prior										356		356		356
Weighted Avg Remaining Amortization Term Current										355		355		355
Weighted Average Seasoning Original										2.55		2.55		2.55
Weighted Average Seasoning Prior										2.55		2.55		2.55
Weighted Average Seasoning Current										3.54		3.54		3.54









Page 10 of 26
First Franklin Mortgage Loan Trust 2005-FFH3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-FFH3

October 25, 2005 Distribution

ARM CHARACTERISTICS
ARM CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Margin Original										6.44515%		6.55312%		6.50572%
Weighted Average Margin Prior										6.44515%		6.55312%		6.50572%
Weighted Average Margin Current										6.44739%		6.55245%		6.50673%
Weighted Average Max Rate Original										13.70277%		13.92427%		13.82702%
Weighted Average Max Rate Prior										13.70277%		13.92427%		13.82702%
Weighted Average Max Rate Current										13.70521%		13.92369%		13.82860%
Weighted Average Min Rate Original										7.70277%		7.92138%		7.82540%
Weighted Average Min Rate Prior										7.70277%		7.92138%		7.82540%
Weighted Average Min Rate Current										7.70521%		7.92078%		7.82696%
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										84,810.54		128,182.86		212,993.40
Delinquent Servicing Fees										34,839.98		45,194.95		80,034.93
TOTAL SERVICING FEES										119,650.53		173,377.82		293,028.35


Total Servicing Fees										119,650.53		173,377.82		293,028.35
Compensating Interest										-2,335.02		-976.29		-3,311.31
Delinquent Servicing Fees										-34,839.98		-45,194.95		-80,034.93
COLLECTED SERVICING FEES										82,475.53		127,206.57		209,682.09


Total Advaced Interest										517,695.28		686,914.89		1,204,610.17
Total Advaced Principal										28,221.49		53,623.59		81,845.08
Aggregate Advances with respect to this Distribution										56,321.52		125,674.09		181,995.61





ADDITIONAL COLLATERAL INFORMATION
										Group 2		Group 1		Total
Prepayment Interest Shortfall (PPIS)										2,335.02		976.29		3,311.31
Compensating Interest										-2,335.02		-976.29		-3,311.31
Net Prepayment Interest Shortfall (PPIS)										0.00		0.00		0.00

Weighted Average Net Mortgage Rate														7.476829%

Libor For Current Period														3.8300%

Libor For Next Period														0.0000%



Page 11 of 26
First Franklin Mortgage Loan Trust 2005-FFH3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-FFH3

October 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				2,832,158.53		1,078,408.73		0.00		3,910,567.26
			% Balance				0.41%		0.15%		0.00%		0.56%
			# Loans				23		4		0		27
			% # Loans				0.49%		0.09%		0.00%		0.58%
	FORECLOSURE		Balance		0.00		141,000.00		1,092,120.68		0.00		1,233,120.68
			% Balance		0.00%		0.02%		0.16%		0.00%		0.18%
			# Loans		0		1		6		0		7
			% # Loans		0.00%		0.02%		0.13%		0.00%		0.15%
	BANKRUPTCY		Balance		1,736,222.01		313,952.13		264,536.99		0.00		2,314,711.13
			% Balance		0.25%		0.05%		0.04%		0.00%		0.33%
			# Loans		10		3		1		0		14
			% # Loans		0.21%		0.06%		0.02%		0.00%		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		1,736,222.01		3,287,110.66		2,435,066.40		0.00		7,458,399.07
			% Balance		0.25%		0.47%		0.35%		0.00%		1.07%
			# Loans		10		27		11		0		48
			% # Loans		0.21%		0.58%		0.24%		0.00%		1.03%









Page 12 of 26
First Franklin Mortgage Loan Trust 2005-FFH3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-FFH3

October 25, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				2,467,637.87		293,000.00		0.00		2,760,637.87
			% Balance				0.60%		0.07%		0.00%		0.67%
			# Loans				21		2		0		23
			% # Loans				0.59%		0.06%		0.00%		0.65%
	FORECLOSURE		Balance		0.00		141,000.00		506,407.42		0.00		647,407.42
			% Balance		0.00%		0.03%		0.12%		0.00%		0.16%
			# Loans		0		1		4		0		5
			% # Loans		0.00%		0.03%		0.11%		0.00%		0.14%
	BANKRUPTCY		Balance		1,521,871.23		313,952.13		264,536.99		0.00		2,100,360.35
			% Balance		0.37%		0.08%		0.06%		0.00%		0.51%
			# Loans		9		3		1		0		13
			% # Loans		0.25%		0.08%		0.03%		0.00%		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		1,521,871.23		2,922,590.00		1,063,944.41		0.00		5,508,405.64
			% Balance		0.37%		0.71%		0.26%		0.00%		1.33%
			# Loans		9		25		7		0		41
			% # Loans		0.25%		0.70%		0.20%		0.00%		1.15%










Page 13 of 26
First Franklin Mortgage Loan Trust 2005-FFH3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-FFH3

October 25, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				364,520.66		785,408.73		0.00		1,149,929.39
			% Balance				0.13%		0.28%		0.00%		0.41%
			# Loans				2		2		0		4
			% # Loans				0.18%		0.18%		0.00%		0.36%
	FORECLOSURE		Balance		0.00		0.00		585,713.26		0.00		585,713.26
			% Balance		0.00%		0.00%		0.21%		0.00%		0.21%
			# Loans		0		0		2		0		2
			% # Loans		0.00%		0.00%		0.18%		0.00%		0.18%
	BANKRUPTCY		Balance		214,350.78		0.00		0.00		0.00		214,350.78
			% Balance		0.08%		0.00%		0.00%		0.00%		0.08%
			# Loans		1		0		0		0		1
			% # Loans		0.09%		0.00%		0.00%		0.00%		0.09%
	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		214,350.78		364,520.66		1,371,121.99		0.00		1,949,993.43
			% Balance		0.08%		0.13%		0.49%		0.00%		0.69%
			# Loans		1		2		4		0		7
			% # Loans		0.09%		0.18%		0.36%		0.00%		0.63%









Page 14 of 26
First Franklin Mortgage Loan Trust 2005-FFH3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-FFH3

October 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 26
First Franklin Mortgage Loan Trust 2005-FFH3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-FFH3

October 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
4000330486 1
4000330486 1			225,000.00		224,452.32		01-Jun-2005		9.625%		OR - 99.86%		360		01-Jun-2005

4000332194 1			65,000.00		65,000.00		01-Jun-2005		7.875%		MI - 100.00%		360		01-Jun-2005
4000333197 1			109,200.00		109,200.00		01-Jun-2005		8.250%		IA - 100.00%		360		01-Jul-2005
4000337214 1			108,000.00		107,755.10		01-Jun-2005		8.875%		OH - 99.89%		360		01-Jul-2005
4000389365 1			141,000.00		141,000.00		01-Jul-2005		8.250%		KY - 100.00%		360		01-Aug-2005
4000320652 2			402,000.00		401,240.61		01-Jun-2005		9.750%		MA - 99.91%		360		01-Jul-2005
4000333609 2			185,000.00		184,472.65		01-Jun-2005		7.750%		IL - 99.86%		360		01-Jul-2005


TOTAL			1,235,200.00		1,233,120.68


Page 16 of 26
First Franklin Mortgage Loan Trust 2005-FFH3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-FFH3

October 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS
VOLUNTARY PREPAYMENTS

											Group 2		Group 1		Total




Current


Number of Paid in Full Loans										14		10		24
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										14		10		24
Curtailments Amount										18,967.63		18,139.68		37,107.31
Paid in Full Balance										4,201,494.15		1,364,265.87		5,565,760.02
Repurchased Loans Balance										0.00		0.00		0.00
Total Prepayment Amount										4,220,461.78		1,382,405.55		5,602,867.33

Cumulative


Number of Paid in Full Loans										33		23		56
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										33		23		56
Paid in Full Balance										10,152,738.68		3,152,928.08		13,305,666.76
Repurchased Loans Balance										0.00		0.00		0.00
Curtailments Amount										33,509.21		51,968.98		85,478.19
Total Prepayment Amount										10,186,247.89		3,204,897.06		13,391,144.95










Page 17 of 26
First Franklin Mortgage Loan Trust 2005-FFH3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-FFH3

October 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES
VOLUNTARY PREPAYMENTS RATES

											Group 2		Group 1		Total



SMM										1.72%		0.33%		0.90%
3 Months Avg SMM										1.88%		0.38%		1.00%
12 Months Avg SMM										1.88%		0.38%		1.00%
Avg SMM Since Cut-off										1.88%		0.38%		1.00%


CPR										18.79%		3.92%		10.27%
3 Months Avg CPR										20.34%		4.51%		11.33%
12 Months Avg CPR										20.34%		4.51%		11.33%
Avg CPR Since Cut-off										20.34%		4.51%		11.33%


PSA										2,650.07%		552.52%		1,448.37%
3 Months Avg PSA Approximation										3,339.93%		741.41%		1,860.48%
12 Months Avg PSA Approximation										3,339.93%		741.41%		1,860.48%
Avg PSA Since Cut-off Approximation										3,339.93%		741.41%		1,860.48%










Page 18 of 26
First Franklin Mortgage Loan Trust 2005-FFH3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-FFH3

October 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 26
First Franklin Mortgage Loan Trust 2005-FFH3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-FFH3

October 25, 2005 Distribution
Prepayment Detail Report
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
Loan Number			Original							Current		State &		Type Prepayment

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

4000280549 2			594,900.00		594,900.00			03-Oct-2005		7.375%		CA - 100.00%		Paid Off - 360		01-Jun-2005
			594,900.00

4000308292 1			147,000.00		146,657.99			14-Oct-2005		8.750%		FL - 99.83%		Paid Off - 360		01-Jun-2005
4000308292 1					146,657.99			14-Oct-2005		8.750%		FL - 99.83%		Paid Off - 360		01-Jun-2005
4000325289 1			85,000.00		84,885.32			23-Sep-2005		7.990%		IL - 99.93%		Paid Off - 360		01-Aug-2005
4000325289 1					84,885.32			23-Sep-2005		7.990%		IL - 99.93%		Paid Off - 360		01-Aug-2005
4000337999 1			185,000.00		184,874.16			29-Sep-2005		9.000%		IL - 100.00%		Paid Off - 360		01-Aug-2005
4000337999 1					184,874.16			29-Sep-2005		9.000%		IL - 100.00%		Paid Off - 360		01-Aug-2005
4000339150 1			87,500.00		87,500.00			04-Oct-2005		8.000%		AL - 100.00%		Paid Off - 180		01-Jul-2005
4000339150 1					87,500.00			04-Oct-2005		8.000%		AL - 100.00%		Paid Off - 180		01-Jul-2005
4000339801 2			140,400.00		140,006.09			29-Sep-2005		7.875%		VA - 99.83%		Paid Off - 360		01-Jul-2005
4000339801 2					140,006.09			29-Sep-2005		7.875%		VA - 99.83%		Paid Off - 360		01-Jul-2005
4000343176 1			160,000.00		159,604.26			19-Sep-2005		7.000%		OR - 99.84%		Paid Off - 360		01-Jul-2005
4000343176 1					159,604.26			19-Sep-2005		7.000%		OR - 99.84%		Paid Off - 360		01-Jul-2005
4000343503 2			145,200.00		144,864.33			16-Sep-2005		7.375%		FL - 96.65%		Paid Off - 360		01-Jul-2005
4000343503 2					144,864.33			16-Sep-2005		7.375%		FL - 96.65%		Paid Off - 360		01-Jul-2005
4000343652 2			430,000.00		430,000.00			07-Oct-2005		7.750%		CA - 100.00%		Paid Off - 360		01-Jul-2005
4000343652 2					430,000.00			07-Oct-2005		7.750%		CA - 100.00%		Paid Off - 360		01-Jul-2005
4000345690 1			85,000.00		84,840.40			11-Oct-2005		8.375%		FL - 99.88%		Paid Off - 360		01-Jul-2005
4000345690 1					84,840.40			11-Oct-2005		8.375%		FL - 99.88%		Paid Off - 360		01-Jul-2005
4000345926 1			94,900.00		93,642.02			11-Oct-2005		7.375%		IN - 99.12%		Paid Off - 360		01-Jul-2005
4000345926 1					93,642.02			11-Oct-2005		7.375%		IN - 99.12%		Paid Off - 360		01-Jul-2005
4000346107 2			300,000.00		300,000.00			05-Oct-2005		7.250%		FL - 100.00%		Paid Off - 360		01-Jul-2005
4000346107 2					300,000.00			05-Oct-2005		7.250%		FL - 100.00%		Paid Off - 360		01-Jul-2005
4000348618 2			212,000.00		212,000.00			22-Sep-2005		7.625%		NC - 100.00%		Paid Off - 360		01-Jul-2005
4000348618 2					212,000.00			22-Sep-2005		7.625%		NC - 100.00%		Paid Off - 360		01-Jul-2005
4000353705 2			273,193.00		272,580.93			26-Sep-2005		7.500%		CA - 99.85%		Paid Off - 360		01-Jul-2005
4000353705 2					272,580.93			26-Sep-2005		7.500%		CA - 99.85%		Paid Off - 360		01-Jul-2005
4000357021 1			189,900.00		189,463.42			11-Oct-2005		7.375%		GA - 99.85%		Paid Off - 360		01-Jul-2005
4000357021 1					189,463.42			11-Oct-2005		7.375%		GA - 99.85%		Paid Off - 360		01-Jul-2005
4000360598 2			212,500.00		211,961.37			30-Sep-2005		6.875%		PA - 99.83%		Paid Off - 360		01-Jul-2005
4000360598 2					211,961.37			30-Sep-2005		6.875%		PA - 99.83%		Paid Off - 360		01-Jul-2005
4000366779 1			144,900.00		144,898.30			14-Oct-2005		7.250%		OR - 100.00%		Paid Off - 360		01-Jul-2005
4000366779 1					144,898.30			14-Oct-2005		7.250%		OR - 100.00%		Paid Off - 360		01-Jul-2005
4000382119 2			160,000.00		159,755.76			30-Sep-2005		7.375%		IL - 99.92%		Paid Off - 360		01-Aug-2005
4000382119 2					159,755.76			30-Sep-2005		7.375%		IL - 99.92%		Paid Off - 360		01-Aug-2005
4000384911 1			187,900.00		187,900.00			20-Sep-2005		7.500%		FL - 100.00%		Paid Off - 360		01-Aug-2005
4000384911 1					187,900.00			20-Sep-2005		7.500%		FL - 100.00%		Paid Off - 360		01-Aug-2005
4000385066 2			660,000.00		660,000.00			26-Sep-2005		7.250%		FL - 100.00%		Paid Off - 360		01-Aug-2005
4000385066 2					660,000.00			26-Sep-2005		7.250%		FL - 100.00%		Paid Off - 360		01-Aug-2005
4000385319 2			348,000.00		347,531.44			03-Oct-2005		8.000%		IL - 99.93%		Paid Off - 360		01-Aug-2005
4000385319 2					347,531.44			03-Oct-2005		8.000%		IL - 99.93%		Paid Off - 360		01-Aug-2005
4000387122 2			316,000.00		316,000.00			22-Sep-2005		7.250%		CA - 99.53%		Paid Off - 360		01-Aug-2005
4000387122 2					316,000.00			22-Sep-2005		7.250%		CA - 99.53%		Paid Off - 360		01-Aug-2005
4000404280 2			170,000.00		169,793.31			11-Oct-2005		8.500%		OH - 97.08%		Paid Off - 360		01-Aug-2005
4000404280 2					169,793.31			11-Oct-2005		8.500%		OH - 97.08%		Paid Off - 360		01-Aug-2005
4000412736 2			242,500.00		242,100.92			13-Oct-2005		6.999%		OH - 99.92%		Paid Off - 360		01-Aug-2005
4000412736 2					242,100.92			13-Oct-2005		6.999%		OH - 99.92%		Paid Off - 360		01-Aug-2005


TOTAL			5,571,793.00		5,565,760.02
TOTAL


Page 20 of 26
First Franklin Mortgage Loan Trust 2005-FFH3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-FFH3

October 25, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



											Group 2		Group 1		Total


Current
Current



Number of Loans Liquidated										1		0		1
Collateral Principal Realized Loss/(Gain) Amount										27,255.82		0.00		27,255.82
Collateral Interest Realized Loss/(Gain) Amount										0.00		0.00		0.00
Net Liquidation Proceeds

Cumulative
Cumulative



Number of Loans Liquidated										1		0		1
Collateral Realized Loss/(Gain) Amount										27,255.82		0.00		27,255.82
Net Liquidation Proceeds										687,744.18		0.00		687,744.18










Page 21 of 26
First Franklin Mortgage Loan Trust 2005-FFH3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-FFH3

October 25, 2005 Distribution


DEFAULT SPEEDS



											Group 2		Group 1		Total



MDR										0.25%		0.00%		0.10%
3 Months Avg MDR										0.12%		0.00%		0.05%
12 Months Avg MDR										0.12%		0.00%		0.05%
Avg MDR Since Cut-off										0.12%		0.00%		0.05%


CDR										2.95%		0.00%		1.21%
3 Months Avg CDR										1.48%		0.00%		0.61%
12 Months Avg CDR										1.48%		0.00%		0.61%
Avg CDR Since Cut-off										1.48%		0.00%		0.61%


SDA										41.57%		0.00%		17.11%
3 Months Avg SDA Approximation										24.38%		0.00%		9.99%
12 Months Avg SDA Approximation										24.38%		0.00%		9.99%
Avg SDA Since Cut-off Approximation										24.38%		0.00%		9.99%


Loss Severity Approximation for Current Period										3.81%		0.00%		3.81%
3 Months Avg Loss Severity Approximation										1.91%		0.00%		1.91%
12 Months Avg Loss Severity Approximation										1.91%		0.00%		1.91%
Avg Loss Severity Approximation Since Cut-off										1.91%		0.00%		1.91%












Page 22 of 26
First Franklin Mortgage Loan Trust 2005-FFH3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-FFH3

October 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 23 of 26
First Franklin Mortgage Loan Trust 2005-FFH3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-FFH3

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

Loan Group		Status	Rate		Origination		Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)
Loan Group		Status	Rate		Origination		Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)
4000354391 2
4000354391 2			7.250%		AL - 100.00%		360		715,000.00				27,255.82		0.00



TOTAL									715,000.00			27,255.82		0.00



Page 24 of 26
First Franklin Mortgage Loan Trust 2005-FFH3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-FFH3

October 25, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
TRIGGER EVENTS
										Group 2		Group 1		Total
						Has Stepdown Condition occurred (0 = No, 1=Yes)								0

						Does a Trigger Event Exist-Either a) or b) Yes?								0
						a) Does a Delinquency Trigger Event Exists								0
						b) Does a Loss Trigger Event Exists (0=No,1=Yes)								0

						60+ days Delinqueny Balance								4,626,240.54
						Ending Collateral Balance								1,185,250,035.04
						Delinquency Percentage								0.6600%

						Senior Enhancement Percentage								30.355156%

						Cumulative Loss Percentage


ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION

SPACE INTENTIONALLY LEFT BLANK




Page 25 of 26
First Franklin Mortgage Loan Trust 2005-FFH3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-FFH3

October 25, 2005 Distribution
Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

													NET WAC Shortfall CarryOver		NET WAC Shortfall Paid
CLASS

			I-A-1										$0.00		$0.00
													$0.00		$0.00
			II-A-1										$0.00		$0.00
													$0.00		$0.00
			II-A-2										$0.00		$0.00
													$0.00		$0.00
			II-A-3										$0.00		$0.00
													$0.00		$0.00
			M-1										$0.00		$0.00
													$0.00		$0.00
			M-2										$0.00		$0.00
													$0.00		$0.00
			M-3										$0.00		$0.00
													$0.00		$0.00
			M-4										$0.00		$3.95
													$0.00		$3.95
			M-5										$0.00		#######
													$0.00		#######
			M-6										$0.00		#######
													$0.00		#######
			M-7										$0.00		#######
													$0.00		#######
			M-8										$0.00		#######
													$0.00		#######
			M-9										$0.00		#######
													$0.00		#######
			M-10										$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		#######






Page 26 of 26

First Franklin Mortgage Loan Trust 2005-FFH3 8-K