8-K 1 ffm02ff2.txt NOVEMBER 8K 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): November 25, 2002 FIRST FRANKLIN MORTGAGE LOAN TRUST Asset Backed Certificates, Series 2002-FF2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-84929-10 Pooling and Servicing Agreement) (Commission 52-2365736 (State or other File Number) 52-2365737 jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank Minnesota, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) ITEM 5. Other Events On November 25, 2002 a distribution was made to holders of FIRST FRANKLIN MORTGAGE LOAN TRUST, Asset Backed Certificates, Series 2002-FF2 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2002-FF2 Trust, relating to the November 25, 2002 distribution. 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. FIRST FRANKLIN MORTGAGE LOAN TRUST Asset Backed Certificates, Series 2002-FF2 Trust By: Wells Fargo Bank Minnesota, N.A., as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 12/3/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2002-FF2 Trust, relating to the November 25, 2002 distribution.

~~Initial~~First ~~Certificate~~Franklin ~~Principal~~Mortgage ~~Class~~Loan ~~Balance~~Trust orMortgage ~~Notional~~Pass-Through ~~Amount~~Certificates ~~Pass~~Record Date: 10/31/02 11/25/02 Distribution Date: FFM Series: 2002-~~through~~FF2 ~~Rate~~Contact: Customer Service -~~----~~ CTSLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-~~-------------------------~~6600 Fax: (301) 815-~~----------------~~6660 ACertificateholder Distribution Summary Certificate Certificate Beginning Class Pass-1Through $Certificate 98Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A1 32027NAU5 SEN 2.22000% 97,632,061.52 ~~613~~186,~~000~~639.0096 ~~Variable~~820,722.34 ~~A-2~~A2 $32027NAV3 ~~194~~SEN 2.20000% 192,~~462~~532,~~000~~602.0094 ~~Variable~~364,742.32 M-1,818,279.47 $M1 32027NAW1 SUB 2.63000% 9,404,000.00 ~~Variable~~21,297.45 ~~M-2~~0.00 $M2 32027NAX9 SUB 3.08000% 7,053,000.00 ~~Variable~~18,706.12 ~~M-3~~0.00 $M3 32027NAY7 SUB 3.78000% 3,135,000.00 ~~Variable~~10,204.42 0.00 R1 FFM2FF2R1 SUB 0.00000% 0.00 0.00 0.00 R2 FFM2FF2R2 SUB 0.00000% 0.00 0.00 0.00 C $FFM02FF2C SUB 0.00000% 783,~~973~~627.0043 ~~N/A~~1,236,299.64 0.00 P $FFM02FF2P SUB 0.00000% 100.00 ~~N/A~~40,814.56 R0.00 ~~100~~DIV_CERT SUB 0.00000% ~~N/A~~0.01 350.51 0.00 Totals 310,540,391.90 1,879,054.98 2,639,001.81

~~Exhibit~~Certificateholder ~~No.~~Distribution ~~Description~~Summary ~~-----------~~(continued) ~~-----------~~Current 4Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A1 0.00 96,811,339.18 1,007,362.30 ~~Pooling~~0.00 ~~and~~A2 ~~Servicing~~0.00 ~~Agreement~~190,714,323.47 ~~dated~~2,183,021.79 as0.00 ofM1 ~~September~~0.00 19,404,000.00 ~~2002~~21,297.45 by0.00 ~~and~~M2 ~~among~~0.00 ~~Financial~~7,053,000.00 ~~Asset~~18,706.12 ~~Securities~~0.00 ~~Corp~~M3 0.00 as3,135,000.00 ~~Depositor~~10,204.42 ~~Saxon~~0.00 ~~Mortgage~~R1 ~~Services,~~0.00 ~~Inc~~0.00 as0.00 ~~Servicer~~0.00 ~~and~~R2 ~~Wells~~0.00 ~~Fargo~~0.00 ~~Bank~~0.00 ~~Minnesota~~0.00 C 0.00 783,627.43 ~~National~~1,236,299.64 ~~Association~~0.00 asP ~~Trustee~~0.00 100.00 40,814.56 ~~relating~~0.00 toDIV_CERT 0.00 0.01 350.51 0.00 Totals 0.00 307,901,390.09 4,518,056.79 0.00 All distributions required by the ~~Series~~Pooling ~~2002-FF2~~and ~~Certificates~~Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

~~Index~~Principal toDistribution ~~Exhibits~~Statement ~~Sequentially~~Original ~~Exhibit~~Beginning ~~No.~~Scheduled ~~Description~~Unscheduled ~~Numbered~~Face ~~Page~~Certificate ~~-----------~~Principal ~~-----------~~Principal ~~-------------~~Realized 4.Class Amount Balance Distribution Distribution Accretion Loss (1) ~~Pooling~~A1 ~~and~~98,613,000.00 ~~Servicing~~97,632,061.52 ~~Agreement~~0.00 820,722.34 ~~dated~~0.00 as0.00 ofA2 7194,462,000.00 ~~September~~192,532,602.94 0.00 1,818,279.47 ~~2002~~0.00 0.00 R1 0.00 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 0.00 C 783,872.56 by783,627.43 ~~and~~0.00 ~~among~~0.00 ~~Financial~~0.00 ~~Asset~~0.00 ~~Securities~~P ~~Corp~~100.00 as100.00 ~~Depositor~~0.00 0.00 0.00 0.00 DIV_CERT 0.00 0.01 0.00 0.00 0.00 0.00 Totals 293,858,972.56 ~~Saxon~~290,948,391.90 ~~Mortgage~~0.00 ~~Services~~2,639,001.81 ~~Inc~~0.00 as0.00 ~~Servicer~~(1) ~~and~~Amount ~~Wells~~Does ~~Fargo~~Not ~~Bank~~Include ~~Minnesota~~Excess Special Hazard, ~~National~~Bankruptcy, ~~Association~~or asFraud ~~Trustee,~~Losses ~~relating~~Unless Otherwise Disclosed. Please Refer to the ~~Series~~Prospectus ~~2002-FF2~~Supplement ~~Certificates~~for a Full Description.

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