First Franklin Mortgage Loan Trust 2006-FF4

Mortgage Pass-Through Certificates

May 25, 2006 Distribution

External Parties

Table of Contents

Page

Seller

Goldman Sachs Mortgage Securities

1. Certificate Payment Report

2. Collection Account Report

Servicer(s)

3. Credit Enhancement Report

National City Home Loan

4. Collateral Report

5. Delinquency Report

Underwriter(s)

6. REO Report

Goldman Sachs Mortgage Securities

7. Foreclosure Report

8. Prepayment Report

Swap Counterparty

9. Prepayment Detail Report

GSMitsuiMarineDrvPrd,L.P

10. Realized Loss Report

11. Realized Loss Detail Report

12. Triggers and Adj. Cert. Report

13. Additional Certificate Report

14. Other Related Information

Total Number of Pages

Dates

Contacts

Cut-Off Date:

March 01, 2006

Hang Luu

Close Date:

March 30, 2006

Administrator

First Distribution Date:

April 25, 2006

(714) 247-6000

hang-thai.luu@db.com

Address:

Distribution Date:

May 25, 2006

1761 East St. Andrew Place, Santa Ana, CA 92705

Record Date:

April 28, 2006

Factor Information:

(800) 735-7777

May 24, 2006

Main Phone Number:

(714) 247-6000

Determination Date:

May 18, 2006

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

Page 1 of 26

First Franklin Mortgage Loan Trust 2006-FF4



Mortgage Pass-Through Certificates

May 25, 2006 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	FLT/STEP	$	631,866,000.00	611,115,578.87	2,561,277.06	11,953,767.74	14,515,044.80	0.00	0.00	599,161,811.13

A-2	FLT/STEP	$	517,371,000.00	517,371,000.00	2,220,116.57	0.00	2,220,116.57	0.00	0.00	517,371,000.00
A-3	FLT/STEP	$	67,566,000.00	67,566,000.00	295,003.29	0.00	295,003.29	0.00	0.00	67,566,000.00
M-1	FLT/STEP	$	54,894,000.00	54,894,000.00	243,335.04	0.00	243,335.04	0.00	0.00	54,894,000.00
M-2	FLT/STEP	$	49,556,000.00	49,556,000.00	220,498.60	0.00	220,498.60	0.00	0.00	49,556,000.00
M-3	FLT/STEP	$	29,734,000.00	29,734,000.00	132,548.72	0.00	132,548.72	0.00	0.00	29,734,000.00
M-4	FLT/STEP	$	25,922,000.00	25,922,000.00	117,499.67	0.00	117,499.67	0.00	0.00	25,922,000.00
M-5	FLT/STEP	$	24,397,000.00	24,397,000.00	111,197.05	0.00	111,197.05	0.00	0.00	24,397,000.00
M-6	FLT/STEP	$	22,872,000.00	22,872,000.00	105,961.78	0.00	105,961.78	0.00	0.00	22,872,000.00
M-7	FLT/STEP	$	21,348,000.00	21,348,000.00	107,796.37	0.00	107,796.37	0.00	0.00	21,348,000.00
M-8	FLT/STEP	$	18,298,000.00	18,298,000.00	96,207.53	0.00	96,207.53	0.00	0.00	18,298,000.00
B-1	FLT/STEP	$	12,961,000.00	12,961,000.00	83,807.77	0.00	83,807.77	0.00	0.00	12,961,000.00
B-2	FLT/STEP	$	15,248,000.00	15,248,000.00	91,607.19	0.00	91,607.19	0.00	0.00	15,248,000.00
X	EXE	$	32,783,544.28	32,783,560.00	2,393,145.40	0.00	2,393,145.40	0.00	0.00	32,783,560.00
P	EXE	$	0.00	0.00	108,510.97	0.00	108,510.97	0.00	0.00	0.00
R	EXE	$	50.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RC	EXE	$	100.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RX	EXE	$	50.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
C	EXE	$	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00


Total			1,524,816,744.28	1,504,066,138.87	8,888,513.01	11,953,767.74	20,842,280.75	0.00	0.00	1,492,112,371.13






Page 2 of 26

First Franklin Mortgage Loan Trust 2006-FF4



Mortgage Pass-Through Certificates

May 25, 2006 Distribution


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

	Period	Period						(with Notional)		Principal						Total	Principal
Class	Starting	Ending		Method		Cusip		Balance		Balance		Interest		Principal		Distribution	Balance

								(1)		(1)		(2)		(3)		(4)=(2)+(3)	(5)

A-1	04/25/06	05/24/06		A-Act/360		362334FR0		631,866,000.00		967.160092		4.053513		18.918201		22.971714	948.241892

A-2	04/25/06	05/24/06		A-Act/360		362334FS8		517,371,000.00		1,000.000000		4.291150		0.000000		4.291150	1,000.000000
A-3	04/25/06	05/24/06		A-Act/360		362334FT6		67,566,000.00		1,000.000000		4.366150		0.000000		4.366150	1,000.000000
M-1	04/25/06	05/24/06		A-Act/360		362334FV1		54,894,000.00		1,000.000000		4.432817		0.000000		4.432817	1,000.000000
M-2	04/25/06	05/24/06		A-Act/360		362334FW9		49,556,000.00		1,000.000000		4.449483		0.000000		4.449483	1,000.000000
M-3	04/25/06	05/24/06		A-Act/360		362334FX7		29,734,000.00		1,000.000000		4.457817		0.000000		4.457817	1,000.000000
M-4	04/25/06	05/24/06		A-Act/360		362334FY5		25,922,000.00		1,000.000000		4.532817		0.000000		4.532817	1,000.000000
M-5	04/25/06	05/24/06		A-Act/360		362334FZ2		24,397,000.00		1,000.000000		4.557817		0.000000		4.557817	1,000.000000
M-6	04/25/06	05/24/06		A-Act/360		362334GA6		22,872,000.00		1,000.000000		4.632817		0.000000		4.632817	1,000.000000
M-7	04/25/06	05/24/06		A-Act/360		362334GB4		21,348,000.00		1,000.000000		5.049483		0.000000		5.049483	1,000.000000
M-8	04/25/06	05/24/06		A-Act/360		362334GC2		18,298,000.00		1,000.000000		5.257817		0.000000		5.257817	1,000.000000
B-1	04/25/06	05/24/06		A-Act/360		362334GJ7		12,961,000.00		1,000.000000		6.466150		0.000000		6.466150	1,000.000000
B-2	04/25/06	05/24/06		A-Act/360		362334GK4		15,248,000.00		1,000.000000		6.007817		0.000000		6.007817	1,000.000000
X			362334GG3		32,783,544.28		1,000.000480		72.998373		0.000000		72.998373		1,000.000480
P			362334GH1		0.00		0.000000		0.000000		0.000000		0.000000		0.000000
R			362334GD0		50.00		0.000000		0.000000		0.000000		0.000000		0.000000
RC			362334GE8		100.00		0.000000		0.000000		0.000000		0.000000		0.000000
RX			362334GF5		50.00		0.000000		0.000000		0.000000		0.000000		0.000000
C			362334GL2		0.00		0.000000		0.000000		0.000000		0.000000		0.000000




Page 3 of 26

First Franklin Mortgage Loan Trust 2006-FF4



Mortgage Pass-Through Certificates

May 25, 2006 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	631,866,000.00	4,793,958.02	31,835,184.27	869,004.60	32,704,188.87	37,498,146.89	0.00	0.00	599,161,811.13
A-2	517,371,000.00	4,093,071.45	0.00	0.00	0.00	4,093,071.45	0.00	0.00	517,371,000.00
A-3	67,566,000.00	543,993.38	0.00	0.00	0.00	543,993.38	0.00	0.00	67,566,000.00
M-1	54,894,000.00	448,798.71	0.00	0.00	0.00	448,798.71	0.00	0.00	54,894,000.00
M-2	49,556,000.00	406,698.39	0.00	0.00	0.00	406,698.39	0.00	0.00	49,556,000.00
M-3	29,734,000.00	244,484.84	0.00	0.00	0.00	244,484.84	0.00	0.00	29,734,000.00
M-4	25,922,000.00	216,770.13	0.00	0.00	0.00	216,770.13	0.00	0.00	25,922,000.00
M-5	24,397,000.00	205,156.00	0.00	0.00	0.00	205,156.00	0.00	0.00	24,397,000.00
M-6	22,872,000.00	195,534.25	0.00	0.00	0.00	195,534.25	0.00	0.00	22,872,000.00
M-7	21,348,000.00	199,109.47	0.00	0.00	0.00	199,109.47	0.00	0.00	21,348,000.00
M-8	18,298,000.00	177,778.49	0.00	0.00	0.00	177,778.49	0.00	0.00	18,298,000.00
B-1	12,961,000.00	155,159.88	0.00	0.00	0.00	155,159.88	0.00	0.00	12,961,000.00
B-2	15,248,000.00	169,492.70	0.00	0.00	0.00	169,492.70	0.00	0.00	15,248,000.00
X	32,783,544.28	4,868,299.88	(15.39)	(0.33)	0.00	4,868,299.88	0.00	15.72	32,783,560.00
P	0.00	108,510.97	0.00	0.00	0.00	108,510.97	0.00	0.00	0.00
R	50.00	0.00	48.95	1.05	50.00	50.00	0.00	0.00	0.00
RC	100.00	0.00	97.90	2.10	100.00	100.00	0.00	0.00	0.00
RX	50.00	0.00	48.95	1.05	50.00	50.00	0.00	0.00	0.00
C	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Total	1,524,816,744.28	16,826,816.56	31,835,364.68	869,008.47	32,704,388.87	49,531,205.43	0.00	15.72	1,492,112,371.13


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	5.02938%	611,115,578.87	2,561,277.06	0.00	0.00	0.00	2,561,277.06	2,561,277.06	0.00
A-2	5.14938%	517,371,000.00	2,220,116.57	0.00	0.00	0.00	2,220,116.57	2,220,116.57	0.00
A-3	5.23938%	67,566,000.00	295,003.29	0.00	0.00	0.00	295,003.29	295,003.29	0.00
M-1	5.31938%	54,894,000.00	243,335.04	0.00	0.00	0.00	243,335.04	243,335.04	0.00
M-2	5.33938%	49,556,000.00	220,498.60	0.00	0.00	0.00	220,498.60	220,498.60	0.00
M-3	5.34938%	29,734,000.00	132,548.72	0.00	0.00	0.00	132,548.72	132,548.72	0.00
M-4	5.43938%	25,922,000.00	117,499.67	0.00	0.00	0.00	117,499.67	117,499.67	0.00
M-5	5.46938%	24,397,000.00	111,197.05	0.00	0.00	0.00	111,197.05	111,197.05	0.00
M-6	5.55938%	22,872,000.00	105,961.78	0.00	0.00	0.00	105,961.78	105,961.78	0.00
M-7	6.05938%	21,348,000.00	107,796.37	0.00	0.00	0.00	107,796.37	107,796.37	0.00
M-8	6.30938%	18,298,000.00	96,207.53	0.00	0.00	0.00	96,207.53	96,207.53	0.00
B-1	7.00501%	12,961,000.00	75,659.98	0.00	0.00	0.00	75,659.98	83,807.77	0.00
B-2	7.00501%	15,248,000.00	89,010.36	0.00	0.00	0.00	89,010.36	91,607.19	0.00
X	87.59801%	32,783,560.00	0.00	0.00	0.00	0.00	0.00	2,393,145.40	0.00
P	0.00000%	0.00	0.00	0.00	0.00	0.00	0.00	108,510.97	0.00
R	0.00000%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RC	0.00000%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RX	0.00000%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
C	0.00000%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00


Total		1,504,066,138.87	6,376,112.02	0.00	0.00	0.00	6,376,112.02	8,888,513.01	0.00



Page 4 of 26

First Franklin Mortgage Loan Trust 2006-FF4

Mortgage Pass-Through Certificates

May 25, 2006 Distribution

Collection Account Report

SUMMARY

Total

Principal Collections

11,953,767.74

Principal Withdrawals

0.00

Principal Other Accounts

0.00

TOTAL NET PRINCIPAL

11,953,767.74

Interest Collections

9,185,146.53

Interest Withdrawals

-0.00

Interest Fees

-87,498.95

Interest Other Accounts

(209,134.58)

TOTAL NET INTEREST

8,888,513.01

TOTAL AVAILABLE FUNDS FOR DISTRIBUTION

20,842,280.75

PRINCIPAL - COLLECTIONS

Total

Scheduled Principal Received

434,259.64

Curtailments

54,181.01

Prepayments In Full

11,465,327.09

Repurchased/Substitutions

0.00

Liquidations

0.00

Insurance Principal

0.00

Other Additional Principal

0.00

Delinquent Principal

-370,187.87

Realized Losses

-0.00

Advanced Principal

370,187.87

TOTAL PRINCIPAL COLLECTED

11,953,767.74

PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK

PRINCIPAL - OTHER ACCOUNTS

Total

TOTAL PRINCIPAL OTHER ACCOUNTS

0.00

Page 5 of 26

First Franklin Mortgage Loan Trust 2006-FF4



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
May 25, 2006 Distribution


INTEREST - COLLECTIONS

														Total
Scheduled Interest														9,728,227.32
Repurchased/Substitution Interest														0.00
Liquidation Interest														0.00
Insurance Interest														0.00
Other Additional Interest														0.00
Prepayment Interest Shortfalls														-40,346.09
Delinquent Interest														-8,434,839.75
Compensating Interest														40,346.09
Civil Relief Act Shortfalls														-0.00
Interest Realized Loss														0.00
Interest Advanced														7,891,758.97
TOTAL INTEREST COLLECTED														9,185,146.53




INTEREST - WITHDRAWALS

														Total
Non Recoverable Advances														0.00
Extraordinary Trust Fund Expenses														0.00
TOTAL INTEREST WITHDRAWALS														0.00




INTEREST - OTHER ACCOUNTS

														Total
Prepayment Charges														108,510.97
Net Swap Receipt														0.00
Net Swap Payment														(317,645.55)

. a) Swap Payment														(6,362,173.87)
. b) Swap Receipt														6,044,528.32
. c) Swap Termination Payment														0.00
. d) Defaulted Swap Termination Payment														0.00


TOTAL INTEREST OTHER ACCOUNTS														(209,134.58)





Page 6 of 26

First Franklin Mortgage Loan Trust 2006-FF4

Mortgage Pass-Through Certificates

May 25, 2006 Distribution

INTEREST - FEES

Total

Current Servicing Fees

83,613.44

Trustee Fees

3,885.50

TOTAL INTEREST FEES

87,498.95

Page 7 of 26

First Franklin Mortgage Loan Trust 2006-FF4

Mortgage Pass-Through Certificates

May 25, 2006 Distribution

Credit Enhancement Report

ACCOUNTS

Excess Reserve Fund

Begining Balance

0.00

Basis Risk Payment Deposit:

10,744.62

Basis Risk Carryforward Amount Withdraw :

10,744.62

Ending Balance

0.00

Supplemental Interest Trust

Begining Balance

0.00

Basis Risk Payment Deposit:

6,044,528.32

Basis Risk Carryforward Amount Withdraw :

(6,362,173.87)

Net SWAP Amount

(317,645.55)

Ending Balance

0.00

INSURANCE

SPACE INTENTIONALLY LEFT BLANK

STRUCTURAL FEATURES

Total

Overcollateralized Amount - Prior Period

32,783,560.00

Current Period Principal Realized Losses

0.00

Overcollateralized Amount - After Current

32,783,560.00

Extra Principal Distribution Amount

0.00

Overcollateralization Reduction Amount

0.00

Overcollateralized Amount - Ending

32,783,560.00

Overcollateralization Deficiency Amount

0.00

Overcollateralization Excess Amount

0.00

Specified Overcollateralization Amount

32,783,560.00

Net Monthly Excess Cashflow

2,393,145.40

Net Monthly Excess Cashflow Allocted to :

10,744.62

. a) Unpaid Interest Amounts

0.00

. b) Applied Realized Loss Amounts

0.00

. c) Basis Risk Carryforward Amounts

10,744.62

Page 8 of 26

First Franklin Mortgage Loan Trust 2006-FF4

Mortgage Pass-Through Certificates

May 25, 2006 Distribution

Collateral Report

COLLATERAL

Total

Loan Count:

Original

7,376

Prior

7,310

Prefunding

Scheduled Paid Offs

-0

Full Voluntary Prepayments

-42

Repurchases

-0

Liquidations

-0

Current

7,268

Principal Balance:

Original

1,524,816,744.28

Prior

1,504,066,138.87

Prefunding

0.00

Scheduled Principal

-434,259.64

Partial Prepayments

-54,181.01

Full Voluntary Prepayments

-11,465,327.09

Repurchases

-0.00

Liquidations

-0.00

Current

1,492,112,371.13

PREFUNDING

SPACE INTENTIONALLY LEFT BLANK

Page 9 of 26

First Franklin Mortgage Loan Trust 2006-FF4



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
May 25, 2006 Distribution


CHARACTERISTICS
CHARACTERISTICS

														Total
Weighted Average Coupon Original														7.76570%
Weighted Average Coupon Prior														7.76570%
Weighted Average Coupon Current														7.76154%
Weighted Average Months to Maturity Original														356
Weighted Average Months to Maturity Prior														356
Weighted Average Months to Maturity Current														355
Weighted Avg Remaining Amortization Term Original														371
Weighted Avg Remaining Amortization Term Prior														371
Weighted Avg Remaining Amortization Term Current														370
Weighted Average Seasoning Original														3.22
Weighted Average Seasoning Prior														3.22
Weighted Average Seasoning Current														4.22

Page 10 of 26

First Franklin Mortgage Loan Trust 2006-FF4



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
May 25, 2006 Distribution


ARM CHARACTERISTICS
ARM CHARACTERISTICS

				Total
	Weighted Average Margin Original			5.60117%
	Weighted Average Margin Prior			5.60117%
	Weighted Average Margin Current			5.60069%
	Weighted Average Max Rate Original			13.73570%
	Weighted Average Max Rate Prior			13.73570%
	Weighted Average Max Rate Current			13.73033%
	Weighted Average Min Rate Original			7.73598%
	Weighted Average Min Rate Prior			7.73598%
	Weighted Average Min Rate Current			7.73062%
	Weighted Average Cap Up Original			1.00000%
	Weighted Average Cap Up Prior			1.00000%
	Weighted Average Cap Up Current			1.00000%
	Weighted Average Cap Down Original			1.00000%
	Weighted Average Cap Down Prior			1.00000%
	Weighted Average Cap Down Current			1.00000%




SERVICING FEES & ADVANCES
SERVICING FEES & ADVANCES

				Total




Current Servicing Fees			83,613.44
Delinquent Servicing Fees			543,080.78
TOTAL SERVICING FEES			626,694.23


Total Servicing Fees			626,694.23
Compensating Interest			-40,346.09
Delinquent Servicing Fees			-543,080.78
COLLECTED SERVICING FEES			43,267.36


Total Advanced Interest			7,891,758.97
Total Advanced Principal			370,187.87
Aggregate P&I Advances with respect to this Distribution			1,202,265.22
Non Recoverable Advance			0.00
Servicing Advances			0.00





ADDITIONAL COLLATERAL INFORMATION
ADDITIONAL COLLATERAL INFORMATION
					Total
		Prepayment Interest Shortfall (PPIS)			40,346.09
		Compensating Interest			(40,346.09)
		Net Prepayment Interest Shortfall (PPIS)			0.00

					0.9785519320





Page 11 of 26

First Franklin Mortgage Loan Trust 2006-FF4



Mortgage Pass-Through Certificates

May 25, 2006 Distribution

Delinquency Report


TOTAL	0-30	31-60	61-90	91-120	121-150	151-180	TOTAL

DELINQUENT Balance % Balance # Loans % # Loans
		16,985,923.96	2,506,189.65	0.00	0.00	0.00	19,492,113.61
		1.14%	0.17%	0.00%	0.00%	0.00%	1.31%
		79	9	0	0	0	88
		1.09%	0.12%	0.00%	0.00%	0.00%	1.21%
FORECLOSURE Balance % Balance # Loans % # Loans
	91,600.00	0.00	1,119,329.89	284,500.00	0.00	0.00	1,495,429.89
	0.01%	0.00%	0.08%	0.02%	0.00%	0.00%	0.10%
	1	0	6	2	0	0	9
	0.01%	0.00%	0.08%	0.03%	0.00%	0.00%	0.12%
BANKRUPTCY Balance % Balance # Loans % # Loans
	162,120.32	128,840.82	73,680.00	0.00	0.00	0.00	364,641.14
	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.02%
	2	1	1	0	0	0	4
	0.03%	0.01%	0.01%	0.00%	0.00%	0.00%	0.06%
REO Balance % Balance # Loans % # Loans
	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0	0	0	0	0	0	0
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL Balance % Balance # Loans % # Loans
	253,720.32	17,114,764.78	3,699,199.54	284,500.00	0.00	0.00	21,352,184.64
	0.02%	1.15%	0.25%	0.02%	0.00%	0.00%	1.43%
	3	80	16	2	0	0	101
	0.04%	1.10%	0.22%	0.03%	0.00%	0.00%	1.39%

Page 12 of 26

First Franklin Mortgage Loan Trust 2006-FF4

Mortgage Pass-Through Certificates

May 25, 2006 Distribution

REO Report

Loan Number

Original

Stated

Current

State &

First

Principal

Paid to

Note

LTV at

Original

Payment

Loan Group

Balance

Date

Rate

Origination

Term

Date

Page 13 of 26

First Franklin Mortgage Loan Trust 2006-FF4



Mortgage Pass-Through Certificates

May 25, 2006 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


Became Foreclosure Property this Period:
4000526951 1		172,000.00		172,000.00	01-Dec-2005	7.250%	GA - 80.00%	360	01-Dec-2005
4000554326 1		175,750.00		175,341.07	01-Jan-2006	8.750%	KY - 95.00%	360	01-Feb-2006
4000570665 1		112,500.00		112,500.00	01-Dec-2005	8.500%	OH - 100.00%	360	01-Jan-2006
4000576147 1		130,000.00		129,734.33	01-Jan-2006	9.375%	MI - 100.00%	360	01-Feb-2006
4000576589 1		182,000.00		181,587.34	01-Jan-2006	8.875%	TX - 100.00%	360	01-Feb-2006
4000590068 1		149,900.00		149,601.55	01-Jan-2006	9.500%	OH - 100.00%	360	01-Feb-2006
4000594373 1		91,600.00		91,600.00	01-Apr-2006	9.125%	GA - 80.00%	360	01-Feb-2006
4000602460 1		85,000.00		84,839.44	01-Jan-2006	9.750%	MO - 85.00%	360	01-Feb-2006
4000617759 1		399,000.00		398,226.16	01-Jan-2006	9.625%	MI - 100.00%	360	01-Feb-2006


TOTAL	1,497,750.00		1,495,429.89



Page 14 of 26

First Franklin Mortgage Loan Trust 2006-FF4

Mortgage Pass-Through Certificates

May 25, 2006 Distribution

Prepayment Report

VOLUNTARY PREPAYMENTS

Total

Current

Number of Paid in Full Loans

Number of Repurchased Loans

Total Number of Loans Prepaid in Full

Curtailments Amount

54,181.01

Paid in Full Balance

11,465,327.09

Repurchased Loans Balance

0.00

Total Prepayment Amount

11,519,508.10

Cumulative

Number of Paid in Full Loans

108

Number of Repurchased Loans

Total Number of Loans Prepaid in Full

108

Paid in Full Balance

31,625,111.94

Repurchased Loans Balance

0.00

Curtailments Amount

210,252.75

Total Prepayment Amount

31,835,364.69

Page 15 of 26

First Franklin Mortgage Loan Trust 2006-FF4



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
May 25, 2006 Distribution


VOLUNTARY PREPAYMENTS RATES



		Total





SMM	0.77%
3 Months Avg SMM	1.05%
12 Months Avg SMM	1.05%
Avg SMM Since Cut-off	1.05%



CPR	8.82%
3 Months Avg CPR	11.90%
12 Months Avg CPR	11.90%
Avg CPR Since Cut-off	11.90%



PSA	1,044.21%
3 Months Avg PSA Approximation	1,598.56%
12 Months Avg PSA Approximation	1,598.56%
Avg PSA Since Cut-off Approximation	1,598.56%

Page 16 of 26

First Franklin Mortgage Loan Trust 2006-FF4

Mortgage Pass-Through Certificates

May 25, 2006 Distribution

PREPAYMENT CALCULATION METHODOLOGY

Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases + Liquidation Balance)/(Beg Principal Balance - Sched Principal)

Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)

PSA Standard Prepayment Model: CPR/(0.02*min(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)

Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12)

Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.02*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)

Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments and repurchases.

Dates correspond to distribution dates.

Page 17 of 26

First Franklin Mortgage Loan Trust 2006-FF4



Mortgage Pass-Through Certificates

May 25, 2006 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

4000321580 1		210,150.00	210,150.00	03-Apr-2006		7.625%		AZ - 79.99%		Paid Off - 360		01-Feb-2006

4000472490 1		66,000.00	65,755.83	25-Apr-2006		8.500%		GA - 100.00%		Paid Off - 360		01-Nov-2005
4000512526 1		73,000.00	72,651.82	21-Apr-2006		8.875%		MA - 100.00%		Paid Off - 360		01-Nov-2005
4000526004 1		297,967.00	297,967.00	03-Apr-2006		6.750%		CA - 80.00%		Paid Off - 360		01-Feb-2006
4000539274 1		137,000.00	136,785.26	25-Apr-2006		9.250%		FL - 94.99%		Paid Off - 360		01-Feb-2006
4000547125 1		202,500.00	202,479.42	17-Apr-2006		7.999%		FL - 90.00%		Paid Off - 360		01-Feb-2006
4000551620 1		396,000.00	396,000.00	04-Apr-2006		7.875%		CA - 80.00%		Paid Off - 360		01-Jan-2006
4000573850 1		168,150.00	167,857.64	13-Apr-2006		8.750%		IL - 95.00%		Paid Off - 360		01-Feb-2006
4000574764 1		232,500.00	232,074.46	03-Apr-2006		8.500%		CO - 75.00%		Paid Off - 360		01-Feb-2006
4000579805 1		872,500.00	870,640.64	24-Apr-2006		7.750%		CA - 90.00%		Paid Off - 360		01-Feb-2006
4000580459 1		476,150.00	476,150.00	20-Apr-2006		8.375%		CA - 89.00%		Paid Off - 360		01-Feb-2006
4000580834 1		331,502.00	331,502.00	21-Apr-2006		8.625%		CA - 95.00%		Paid Off - 360		01-Feb-2006
4000580846 1		615,000.00	614,041.46	20-Apr-2006		8.500%		MD - 94.62%		Paid Off - 360		01-Feb-2006
4000581143 1		589,000.00	588,025.54	05-Apr-2006		8.990%		NJ - 95.00%		Paid Off - 360		01-Feb-2006
4000581433 1		643,400.00	642,160.69	05-Apr-2006		8.250%		CA - 89.99%		Paid Off - 360		01-Feb-2006
4000583306 1		279,000.00	279,000.00	11-Apr-2006		8.990%		CA - 90.00%		Paid Off - 360		01-Feb-2006
4000583325 1		166,400.00	166,355.80	14-Apr-2006		6.375%		CA - 80.00%		Paid Off - 360		01-Feb-2006
4000587621 1		52,200.00	52,118.18	18-Apr-2006		9.250%		TN - 90.00%		Paid Off - 360		01-Feb-2006
4000588250 1		328,000.00	328,000.00	28-Apr-2006		7.625%		CA - 80.00%		Paid Off - 360		01-Feb-2006
4000588372 1		195,000.00	194,340.25	20-Apr-2006		8.500%		NJ - 84.78%		Paid Off - 360		01-Feb-2006
4000590936 1		342,750.00	342,198.62	17-Apr-2006		9.125%		FL - 99.99%		Paid Off - 360		01-Feb-2006
4000594298 1		38,000.00	37,938.87	12-Apr-2006		9.125%		GA - 100.00%		Paid Off - 360		01-Feb-2006
4000594598 1		219,600.00	219,273.36	20-Apr-2006		9.500%		FL - 90.00%		Paid Off - 360		01-Feb-2006
4000596464 1		203,200.00	203,200.00	03-Apr-2006		8.500%		AZ - 79.99%		Paid Off - 360		01-Feb-2006
4000596876 1		189,000.00	188,553.55	28-Apr-2006		7.250%		FL - 70.00%		Paid Off - 360		01-Feb-2006
4000599759 1		440,950.00	440,950.00	17-Apr-2006		11.000%		WA - 89.99%		Paid Off - 360		01-Feb-2006
4000600606 1		253,650.00	253,650.00	21-Apr-2006		8.999%		CA - 95.00%		Paid Off - 360		01-Feb-2006
4000601564 1		70,400.00	70,267.81	13-Apr-2006		8.375%		MO - 80.00%		Paid Off - 360		01-Feb-2006
4000601656 1		235,000.00	234,591.41	13-Apr-2006		8.750%		NC - 100.00%		Paid Off - 360		01-Feb-2006
4000602619 1		150,000.00	150,000.00	04-Apr-2006		6.375%		CA - 54.55%		Paid Off - 360		01-Feb-2006
4000602691 1		163,200.00	163,031.18	04-Apr-2006		7.375%		AZ - 80.00%		Paid Off - 360		01-Feb-2006
4000605442 1		192,700.00	192,328.83	25-Apr-2006		8.250%		SC - 94.02%		Paid Off - 360		01-Feb-2006
4000607246 1		181,070.00	180,763.22	05-Apr-2006		8.875%		CA - 95.00%		Paid Off - 360		01-Feb-2006
4000607790 1		322,975.00	322,383.85	28-Apr-2006		8.500%		IL - 80.00%		Paid Off - 360		01-Feb-2006
4000608145 1		327,920.00	327,920.00	12-Apr-2006		8.500%		CA - 80.00%		Paid Off - 360		01-Feb-2006
4000610164 1		440,000.00	440,000.00	06-Apr-2006		7.625%		OR - 80.00%		Paid Off - 360		01-Feb-2006
4000610576 1		59,500.00	59,462.37	04-Apr-2006		9.125%		IL - 85.00%		Paid Off - 360		01-Feb-2006
4000612229 1		50,000.00	49,865.12	25-Apr-2006		8.000%		TN - 37.59%		Paid Off - 360		01-Feb-2006
4000613206 1		370,500.00	369,855.55	17-Apr-2006		8.750%		IL - 95.00%		Paid Off - 360		01-Feb-2006
4000613369 1		209,600.00	209,437.36	28-Apr-2006		8.375%		MA - 80.00%		Paid Off - 360		01-Feb-2006


Page 18 of 26

First Franklin Mortgage Loan Trust 2006-FF4

Mortgage Pass-Through Certificates

May 25, 2006 Distribution

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution

Loan Number

Original

Current

State &

Type Prepayment

First

Loan

Principal

Prepayment

Note

LTV at

Payment

Loan Group

Status

Balance

Amount

Date

Rate

Origination

Original Term

Date

4000615586 1

173,200.00

25-Apr-2006

7.625%

GA - 80.00%

Paid Off - 360

01-Feb-2006

4000619850 1

512,400.00

10-Apr-2006

8.500%

VA - 79.99%

Paid Off - 360

01-Feb-2006

TOTAL

11,477,034.00

11,465,327.09

Page 19 of 26

First Franklin Mortgage Loan Trust 2006-FF4



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
May 25, 2006 Distribution

Realized Loss Report

COLLATERAL REALIZED LOSSES



			Total


Current





Subsequent Recoveries		0.00
Number of Loans Liquidated		0
Collateral Principal Realized Loss/(Gain) Amount		0.00
Collateral Interest Realized Loss/(Gain) Amount		0.00
Net Liquidation Proceeds		0.00
Cumulative
Cumulative



Number of Loans Liquidated		0
Collateral Realized Loss/(Gain) Amount		0.00
Net Liquidation Proceeds		0.00
Cumulative Subsequent Recoveries		0.00






	Current Applied Realized Loss X			0.00
	Current Applied Realized Loss M-8			0.00
	Current Applied Realized Loss M-7			0.00
	Current Applied Realized Loss M-6			0.00
	Current Applied Realized Loss M-5			0.00
	Current Applied Realized Loss M-4			0.00
	Current Applied Realized Loss M-3			0.00
	Current Applied Realized Loss M-2			0.00
	Current Applied Realized Loss M-1			0.00
	Current Applied Realized Loss B-1			0.00
	Current Applied Realized Loss B-2			0.00

Page 20 of 26

First Franklin Mortgage Loan Trust 2006-FF4



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
May 25, 2006 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															0.00%
3 Months Avg CDR															0.00%
12 Months Avg CDR															0.00%
Avg CDR Since Cut-off															0.00%


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


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

Page 21 of 26

First Franklin Mortgage Loan Trust 2006-FF4

Mortgage Pass-Through Certificates

May 25, 2006 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 22 of 26

First Franklin Mortgage Loan Trust 2006-FF4

Mortgage Pass-Through Certificates

May 25, 2006 Distribution

Realized Loss Detail Report

Loan Number

Current

State &

Prior

Realized

Cumulative

Loan

Note

LTV at

Original

Principal

Loss/(Gain)

Realized

Loan Group

Status

Rate

Origination

Term

Balance

Revision

Loss/(Gain)

TOTAL

Page 23 of 26

First Franklin Mortgage Loan Trust 2006-FF4

Mortgage Pass-Through Certificates

May 25, 2006 Distribution

Triggers and Adj. Cert. Report

TRIGGER EVENTS

Total

Stepdown Date has occurred (0 = No, 1=Yes)

Step Down-Distribution Date April 2009

Credit Enhancement Percentage (For Stepdown Date)

20.6428%

Trigger Event in effect (0=No , 1=Yes)

3 Mo Rolling Avg Delinquency %

0.1436%

Prior Balance of Mezzanine and C

308,013,560.00

Prior Pool Balance

1,504,066,138.87

Prior Credit Enhancement Percentage

0.0000%

Applicable % of Prior Credit Enhancement %

39.0000%

Cumulative Realized Loss

0.00

Cutoff Pool Balance

1,524,816,744.28

Realized Loss Percentage

0.0000%

Applicable Percentage (on and after Stepdown Date)

39.0000%

Servicer Event of Default?

ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK

ADDITIONAL INFORMATION

Total

Current LIBOR Rate

4.959380%

Current LIBOR Determination Date

04/21/2006

Next LIBOR Rate

5.081250%

Next LIBOR Determination Date

05/23/2006

Current Swap LIBOR Rate

4.959380%

Page 24 of 26

First Franklin Mortgage Loan Trust 2006-FF4



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
May 25, 2006 Distribution

Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

		Next Pass Through Rate	Current Basis Risk CarryForw	Current Applied Realized	Basis Risk CarryForward Unpaid	Basis Risk CarryForward Paid
CLASS

	A-1	5.15125%	$0.00	$0.00	$0.00	$0.00
		5.15125%	$0.00	$0.00	$0.00	$0.00
	A-2	5.27125%	$0.00	$0.00	$0.00	$0.00
		5.27125%	$0.00	$0.00	$0.00	$0.00
	A-3	5.36125%	$0.00	$0.00	$0.00	$0.00
		5.36125%	$0.00	$0.00	$0.00	$0.00
	M-1	5.44125%	$0.00	$0.00	$0.00	$0.00
		5.44125%	$0.00	$0.00	$0.00	$0.00
	M-2	5.46125%	$0.00	$0.00	$0.00	$0.00
		5.46125%	$0.00	$0.00	$0.00	$0.00
	M-3	5.47125%	$0.00	$0.00	$0.00	$0.00
		5.47125%	$0.00	$0.00	$0.00	$0.00
	M-4	5.56125%	$0.00	$0.00	$0.00	$0.00
		5.56125%	$0.00	$0.00	$0.00	$0.00
	M-5	5.59125%	$0.00	$0.00	$0.00	$0.00
		5.59125%	$0.00	$0.00	$0.00	$0.00
	M-6	5.68125%	$0.00	$0.00	$0.00	$0.00
		5.68125%	$0.00	$0.00	$0.00	$0.00
	M-7	6.18125%	$0.00	$0.00	$0.00	$0.00
		6.18125%	$0.00	$0.00	$0.00	$0.00
	M-8	6.43125%	$0.00	$0.00	$0.00	$0.00
		6.43125%	$0.00	$0.00	$0.00	$0.00
	B-1	7.88125%	$8,147.80	$0.00	$0.00	$8,147.80
		7.88125%	$8,147.80	$0.00	$0.00	$8,147.80
	B-2	7.33125%	$2,596.83	$0.00	$0.00	$2,596.83
		7.33125%	$2,596.83	$0.00	$0.00	$2,596.83
	X	0.00000%	$0.00	$0.00	$0.00	$0.00
		0.00000%	$0.00	$0.00	$0.00	$0.00
	P	0.00000%	$0.00	$0.00	$0.00	$0.00
		0.00000%	$0.00	$0.00	$0.00	$0.00
	R	0.00000%	$0.00	$0.00	$0.00	$0.00
		0.00000%	$0.00	$0.00	$0.00	$0.00
	RC	0.00000%	$0.00	$0.00	$0.00	$0.00
		0.00000%	$0.00	$0.00	$0.00	$0.00
	RX	0.00000%	$0.00	$0.00	$0.00	$0.00
		0.00000%	$0.00	$0.00	$0.00	$0.00
	C	0.00000%	$0.00	$0.00	$0.00	$0.00
		0.00000%	$0.00	$0.00	$0.00	$0.00




Page 25 of 26

First Franklin Mortgage Loan Trust 2006-FF4



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
May 25, 2006 Distribution

Other Related Information
ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
														Total
Scheduled Payments for all Mortgage Loans														10,162,486.96
Current Scheduled Payments 1 Month Prior														10,302,468.77
Current Scheduled Payments 2 Month Prior														0.00
Current Scheduled Payments 3 Month Prior														0.00
Current Scheduled Payments 4 Month Prior														0.00
Current Scheduled Payments 5 Month Prior														0.00
Current Scheduled Payments 6 Month Prior														0.00
Current Scheduled Payments 7 Month Prior														0.00
Current Scheduled Payments 8 Month Prior														0.00
Current Scheduled Payments 9 Month Prior														0.00
Current Scheduled Payments 10 Month Prior														0.00
Current Scheduled Payments 11 Month Prior														0.00





Sched. Payments for 60+Day Delinquent Loans														32,376.40
Sched. Pmts - 60+Day Delinquent Loans, 1 Month Prior														4,129.17
Sched. Pmts - 60+Day Delinquent Loans, 2 Month Prior														0.00
Sched. Pmts - 60+Day Delinquent Loans, 3 Month Prior														0.00
Sched. Pmts - 60+Day Delinquent Loans, 4 Month Prior														0.00
Sched. Pmts - 60+Day Delinquent Loans, 5 Month Prior														0.00
Sched. Pmts - 60+Day Delinquent Loans, 6 Month Prior														0.00
Sched. Pmts - 60+Day Delinquent Loans, 7 Month Prior														0.00
Sched. Pmts - 60+Day Delinquent Loans, 8 Month Prior														0.00
Sched. Pmts - 60+Day Delinquent Loans, 9 Month Prior														0.00
Sched. Pmts - 60+Day Delinquent Loans, 10 Month Prior														0.00
Sched. Pmts - 60+Day Delinquent Loans, 11 Month Prior														0.00





Page 26 of 26

FFMLT Trust 2006-FF4 10-D