8-K 1 ffm03ffc.txt JULY 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): July 25, 2003 FIRST FRANKLIN MORTGAGE LOAN TRUST Asset Backed Certificates, Series 2003-FFC Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-104153-04 54-2116909 Pooling and Servicing Agreement) (Commission 54-2116910 (State or other File Number) 54-2116911 jurisdiction 54-2116944 of Incorporation) 54-2116945 54-6553616 IRS EIN 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 July 25, 2003 a distribution was made to holders of FIRST FRANKLIN MORTGAGE LOAN TRUST, Asset Backed Certificates, Series 2003-FFC 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 2003-FFC Trust, relating to the July 25, 2003 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 2003-FFC Trust By: Wells Fargo Bank Minnesota, N.A as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 8/5/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2003-FFC Trust, relating to the July 25, 2003 distribution. EX-99.1

~~Initial~~First ~~Certificate~~Franklin ~~Principal~~Mortgage ~~Class~~Loan ~~Balance~~Trust orMortgage ~~Notional Amount~~ Pass-Through ~~Rate~~Certificates Record Date: 6/30/03 Distribution Date: 7/25/03 FFM Series: 2003-FFC 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 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-~~----------------~~Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution S 32027NCT6 SEN 6.00000% 0.00 195,650.00 0.00 A-1 $32027NCM1 SEN 1.40750% 85,376,000.00 ~~Variable~~96,800.97 1,024,887.81 A-2 $32027NCN9 SEN 1.40750% 70,656,000.00 ~~Variable~~80,111.15 ~~S (~~1~~) 6~~,101,086.~~00%~~31 ~~per annum~~ M-1 $32027NCP4 MEZ 1.82750% 21,522,000.00 ~~Variable~~31,683.67 0.00 M-2 $32027NCQ2 MEZ 2.87750% 9,783,000.00 ~~Variable~~22,676.86 0.00 M-3 $32027NCR0 MEZ 4.12750% 5,380,000.00 ~~Variable~~17,888.13 0.00 M-4 $32027NCS8 MEZ 5.02750% 2,446,000.00 ~~Variable~~9,906.13 0.00 R FFM3FFCR1 SEN 0.00000% 0.00 0.00 0.00 C $FFM03FFCC SEN 0.00000% 489,429.02 975,551.87 0.00 ~~Variable~~X PFFM03FFCX ~~$100~~SEN 0.00000% 0.00 ~~N/A~~0.00 R0.00 ~~100%~~P ~~N/A~~FFM03FFCP ~~R-X~~SEN ~~100~~0.00000% ~~N/A~~100.00 X69,734.77 ~~100%~~0.00 ~~N/A~~Totals 195,652,529.02 1,500,003.55 2,125,974.12

~~Exhibit~~Certificateholder NoDistribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses S 0.00 ~~Description~~0.00 195,650.00 0.00 A-~~----------~~1 0.00 84,351,112.19 1,121,688.78 0.00 A-~~----------~~2 40.00 69,554,913.69 1,181,197.46 ~~Pooling~~0.00 ~~and~~M-1 ~~Servicing~~0.00 ~~Agreement~~21,522,000.00 ~~dated~~31,683.67 as0.00 ofM-2 ~~June~~0.00 19,783,000.00 ~~2003~~22,676.86 by0.00 ~~and~~M-3 ~~among~~0.00 ~~Financial~~5,380,000.00 ~~Asset~~17,888.13 ~~Securities~~0.00 ~~Corp~~M-4 0.00 as2,446,000.00 ~~Depositor~~9,906.13 ~~Chase~~0.00 ~~Manhattan~~R ~~Mortgage~~0.00 ~~Corporation~~0.00 as0.00 ~~Servicer~~0.00 ~~and~~C ~~Wells~~0.00 ~~Fargo~~489,131.32 ~~Bank~~975,551.87 ~~Minnesota~~0.00 X 0.00 0.00 0.00 0.00 P 0.00 100.00 69,734.77 ~~National~~0.00 ~~Association~~Totals as0.00 ~~Trustee~~193,526,257.20 ~~relating~~3,625,977.67 to0.00 All distributions required by the ~~Series~~Pooling ~~2003-FFC~~and ~~Certificates~~Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

~~Index~~Principal toDistribution ~~Exhibits~~Statement ~~-----------------~~Original ~~Sequentially~~Beginning ~~Exhibit~~Scheduled NoUnscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) S 0.00 ~~Description~~0.00 ~~Numbered~~0.00 ~~Page~~0.00 ~~-----------~~0.00 ~~-----------~~0.00 A-~~------------~~1 485,376,000.00 85,376,000.00 0.00 1,024,887.81 ~~Pooling~~0.00 ~~and~~0.00 ~~Servicing~~A-2 ~~Agreement~~70,656,000.00 ~~dated~~70,656,000.00 as0.00 of1,101,086.31 ~~June~~0.00 0.00 M-1 21,522,000.00 721,522,000.00 ~~2003~~0.00 0.00 0.00 0.00 M-2 9,783,000.00 by9,783,000.00 ~~and~~0.00 ~~among~~0.00 ~~Financial~~0.00 ~~Asset~~0.00 ~~Securities~~M-3 ~~Corp~~5,380,000.00 as5,380,000.00 ~~Depositor~~0.00 0.00 0.00 0.00 M-4 2,446,000.00 ~~Chase~~2,446,000.00 ~~Manhattan~~0.00 ~~Mortgage~~0.00 ~~Corporation~~0.00 as0.00 ~~Servicer~~R ~~and~~0.00 ~~Wells~~0.00 ~~Fargo~~0.00 ~~Bank~~0.00 ~~Minnesota~~0.00 0.00 C 489,429.02 ~~National~~489,429.02 ~~Association~~0.00 as0.00 ~~Trustee~~0.00 0.00 X 0.00 0.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 Totals 195,652,529.02 ~~relating~~195,652,529.02 0.00 2,125,974.12 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the ~~Series~~Prospectus ~~2003-FFC~~Supplement ~~Certificates~~for a Full Description.

Delinquency Status By Groups

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