8-K 1 ffm03ff3.txt OCTOBER 8-K 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 27, 2003 FIRST FRANKLIN MORTGAGE LOAN TRUST Mortgage Pass-Through Certificates, Series 2003-FF3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-102489-17 54-2121758 Pooling and Servicing Agreement) (Commission 54-2121759 (State or other File Number) 54-2121760 jurisdiction 54-2121761 of Incorporation) 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 October 27, 2003 a distribution was made to holders of FIRST FRANKLIN MORTGAGE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2003-FF3 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 Mortgage Pass-Through Certificates, Series 2003-FF3 Trust, relating to the October 27, 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 Mortgage Pass-Through Certificates, Series 2003-FF3 Trust By: Wells Fargo Bank Minnesota, as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 10/30/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-FF3 Trust, relating to the October 27, 2003 distribution. EX-99.1

First Franklin Mortgage Loan Trust Mortgage Pass-Through Certificates Record Date: 89/3130/03 Distribution Date: 910/2527/03 FFM Series: 2003-FF3 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 R FFM03FF3R SEN 0.00000% 0.00 0.00 0.00 A-IO 32027NDJ7 SEN 6.00000% 0.00 1,271,880.00 0.00 1-A 32027NDF5 SEN 0.00000% ~~514~~511,~~042~~435,~~508~~343.8189 ~~792~~841,~~482~~027.2001 23,~~607~~443,~~164~~735.9263 2-A1 32027NDG3 SEN 1.~~23000~~24000% ~~104~~102,~~660~~248,~~322~~127.1730 ~~110~~112,~~852~~700.7216 2844,~~412,194~~046.8707 2-A2 32027NDH1 SEN 0.00000% 88,776,000.00 ~~142~~151,~~041~~511.6004 0.00 M-1 32027NDK4 MEZ 1.~~86000~~87000% 23,125,000.00 3738,~~038~~438.5489 0.00 M-2 32027NDL2 MEZ 2.~~96000~~97000% 17,344,000.00 4445,~~207~~788.9316 0.00 M-3 32027NDM0 MEZ 3.~~36000~~37000% 7,708,000.00 2223,~~301~~089.8174 0.00 M-4 32027NDN8 MEZ 4.~~36000~~37000% 7,708,000.00 2528,~~873~~084.6126 0.00 B 32027NDP3 SUB 4.~~11000~~12000% 3,854,000.00 1213,~~766~~542.4813 0.00 X FFM03FF3X SEN 0.00000% 1,928,784.73 1,~~347~~257,~~791~~630.0200 0.00 P FFM03FF3P SEN 0.00000% 100.00 8381,~~580~~532.0800 0.00 Totals ~~769~~764,~~146~~127,~~715~~355.7192 3,~~890~~865,~~815~~223.9939 54,~~019~~287,~~359~~781.7970

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses R 0.00 0.00 0.00 0.00 A-IO 0.00 0.00 1,271,880.00 0.00 1-A 0.00 ~~511~~507,~~435~~991,~~343~~608.8926 34,~~399~~284,~~647~~762.1264 0.00 2-A1 0.00 ~~102~~101,~~248~~404,~~127~~081.3023 2956,~~523,047~~746.5923 0.00 2-A2 0.00 88,776,000.00 ~~142~~151,~~041~~511.6004 0.00 M-1 0.00 23,125,000.00 3738,~~038~~438.5489 0.00 M-2 0.00 17,344,000.00 4445,~~207~~788.9316 0.00 M-3 0.00 7,708,000.00 2223,~~301~~089.8174 0.00 M-4 0.00 7,708,000.00 2528,~~873~~084.6126 0.00 B 0.00 3,854,000.00 1213,~~766~~542.4813 0.00 X 0.00 1,928,784.73 1,~~347~~257,~~791~~630.0200 0.00 P 0.00 100.00 8381,~~580~~532.0800 0.00 Totals 0.00 ~~764~~759,~~127~~839,~~355~~574.9222 8,~~910~~153,~~175~~005.7809 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) R 0.00 0.00 0.00 0.00 0.00 0.00 A-IO 0.00 0.00 0.00 0.00 0.00 0.00 1-A 515,627,000.00 ~~514~~511,~~042~~435,~~508~~343.8189 0.00 23,~~607~~443,~~164~~735.9263 0.00 0.00 2-A1 104,765,000.00 ~~104~~102,~~660~~248,~~322~~127.1730 0.00 2844,~~412,194~~046.8707 0.00 0.00 2-A2 88,776,000.00 88,776,000.00 0.00 0.00 0.00 0.00 M-1 23,125,000.00 23,125,000.00 0.00 0.00 0.00 0.00 M-2 17,344,000.00 17,344,000.00 0.00 0.00 0.00 0.00 M-3 7,708,000.00 7,708,000.00 0.00 0.00 0.00 0.00 M-4 7,708,000.00 7,708,000.00 0.00 0.00 0.00 0.00 B 3,854,000.00 3,854,000.00 0.00 0.00 0.00 0.00 X 1,928,684.73 1,928,784.73 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 Totals 770,835,784.73 ~~769~~764,~~146~~127,~~715~~355.7192 0.00 54,~~019~~287,~~359~~781.7970 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution R 0.00 0.00 0.00000000 0.00 A-IO 0.00 0.00 0.00000000 0.00 1-A 23,~~607~~443,~~164~~735.9263 ~~511~~507,~~435~~991,~~343~~608.8926 0.~~99187076~~98519202 23,~~607~~443,~~164~~735.9263 2-A1 2844,~~412,194~~046.8707 ~~102~~101,~~248~~404,~~127~~081.3023 0.~~97597602~~96791945 2844,~~412,194~~046.8707 2-A2 0.00 88,776,000.00 1.00000000 0.00 M-1 0.00 23,125,000.00 1.00000000 0.00 M-2 0.00 17,344,000.00 1.00000000 0.00 M-3 0.00 7,708,000.00 1.00000000 0.00 M-4 0.00 7,708,000.00 1.00000000 0.00 B 0.00 3,854,000.00 1.00000000 0.00 X 0.00 1,928,784.73 1.00005185 0.00 P 0.00 100.00 1.00000000 0.00 Totals 54,~~019~~287,~~359~~781.7970 ~~764~~759,~~127~~839,~~355~~574.9222 0.~~99129720~~98573469 54,~~019~~287,~~359~~781.7970

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 1-A 515,627,000.00 ~~996~~991.~~92705931~~87075908 0.00000000 56.~~05630023~~67873410 0.00000000 2-A1 104,765,000.00 ~~999~~975.~~00083205~~97601584 0.00000000 238.~~02481621~~05656536 0.00000000 2-A2 88,776,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 23,125,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 17,344,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 7,708,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 7,708,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 3,854,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 1,928,684.73 1000.05184881 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 All classes are per $1,000 denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A 0.00000000 56.~~05630023~~67873410 ~~991~~985.~~87075908~~19202497 0.~~99187076~~98519202 56.~~05630023~~67873410 2-A1 0.00000000 238.~~02481621~~05656536 ~~975~~967.~~97601584~~91945048 0.~~97597602~~96791945 238.~~02481621~~05656536 2-A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 1,000.05184881 1.00005185 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, ~~Bankrupcy~~Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall R 0.00 0.00000% 0.00 0.00 0.00 0.00 A-IO 0.00 6.00000% 254,376,000.00 1,271,880.00 0.00 0.00 1-A 515,627,000.00 0.00000% ~~514~~511,~~042~~435,~~508~~343.8189 ~~792~~841,~~482~~027.2001 0.00 0.00 2-A1 104,765,000.00 1.~~23000~~24000% ~~104~~102,~~660~~248,~~322~~127.1730 ~~110~~112,~~852~~700.7216 0.00 0.00 2-A2 88,776,000.00 0.00000% 88,776,000.00 ~~142~~151,~~041~~511.6004 0.00 0.00 M-1 23,125,000.00 1.~~86000~~87000% 23,125,000.00 3738,~~038~~438.5489 0.00 0.00 M-2 17,344,000.00 2.~~96000~~97000% 17,344,000.00 4445,~~207~~788.9316 0.00 0.00 M-3 7,708,000.00 3.~~36000~~37000% 7,708,000.00 2223,~~301~~089.8174 0.00 0.00 M-4 7,708,000.00 4.~~36000~~37000% 7,708,000.00 2829,~~939~~941.2630 0.00 0.00 B 3,854,000.00 4.~~11000~~12000% 3,854,000.00 1314,~~639~~114.9520 0.00 0.00 X 1,928,684.73 0.00000% 1,928,784.73 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 Totals 770,835,784.73 2,~~463~~528,~~384~~490.0150 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance R 0.00 0.00 0.00 0.00 0.00 A-IO 0.00 0.00 1,271,880.00 0.00 254,376,000.00 1-A 0.00 0.00 ~~792~~841,~~482~~027.2001 0.00 ~~511~~507,~~435~~991,~~343~~608.8926 2-A1 0.00 0.00 ~~110~~112,~~852~~700.7216 0.00 ~~102~~101,~~248~~404,~~127~~081.3023 2-A2 0.00 0.00 ~~142~~151,~~041~~511.6004 0.00 88,776,000.00 M-1 0.00 0.00 3738,~~038~~438.5489 0.00 23,125,000.00 M-2 0.00 0.00 4445,~~207~~788.9316 0.00 17,344,000.00 M-3 0.00 0.00 2223,~~301~~089.8174 0.00 7,708,000.00 M-4 0.00 0.00 2528,~~873~~084.6126 0.00 7,708,000.00 B 0.00 0.00 1213,~~766~~542.4813 0.00 3,854,000.00 X 0.00 0.00 1,~~347~~257,~~791~~630.0200 0.00 1,928,784.73 P 0.00 0.00 8381,~~580~~532.0800 0.00 100.00 Totals 0.00 0.00 3,~~890~~865,~~815~~223.9939 0.00 (4) Amount Does Not Include Excess Special Hazard, ~~Bankrupcy~~Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 A-IO 0.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 1-A 515,627,000.00 0.00000% ~~996~~991.~~92705931~~87075908 1.~~53692921~~63107636 0.00000000 0.00000000 2-A1 104,765,000.00 1.~~23000~~24000% ~~999~~975.~~00083205~~97601584 1.~~05810834~~07574247 0.00000000 0.00000000 2-A2 88,776,000.00 0.00000% 1000.00000000 1.~~60000000~~70666667 0.00000000 0.00000000 M-1 23,125,000.00 1.~~86000~~87000% 1000.00000000 1.~~60166659~~66222227 0.00000000 0.00000000 M-2 17,344,000.00 2.~~96000~~97000% 1000.00000000 2.~~54888895~~64000000 0.00000000 0.00000000 M-3 7,708,000.00 3.~~36000~~37000% 1000.00000000 2.~~89333290~~99555527 0.00000000 0.00000000 M-4 7,708,000.00 4.~~36000~~37000% 1000.00000000 3.~~75444473~~88444473 0.00000000 0.00000000 B 3,854,000.00 4.~~11000~~12000% 1000.00000000 3.~~53916710~~66222107 0.00000000 0.00000000 X 1,928,684.73 0.00000% 1000.05184881 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 All classes are per $1,000 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-IO 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000 1-A 0.00000000 0.00000000 1.~~53692921~~63107636 0.00000000 ~~991~~985.~~87075908~~19202497 2-A1 0.00000000 0.00000000 1.~~05810834~~07574247 0.00000000 ~~975~~967.~~97601584~~91945048 2-A2 0.00000000 0.00000000 1.~~60000000~~70666667 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 1.~~60166659~~66222227 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.~~54888895~~64000000 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 2.~~89333290~~99555527 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 3.~~35672159~~64352102 0.00000000 1000.00000000 B 0.00000000 0.00000000 3.~~31252724~~51378568 0.00000000 1000.00000000 X 0.00000000 0.00000000 ~~698~~652.~~81354844~~06613628 0.00000000 1000.05184881 P 0.00000000 0.00000000 ~~835800~~815320.~~80000000~~00000000 0.00000000 1000.00000000 (6) Amount Does Not Include Excess Special Hazard, ~~Bankrupcy~~Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 98,~~350~~591,~~728~~502.1471 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 8381,~~580~~532.0800 Total Deposits 98,~~434~~673,~~308~~034.2271 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~524~~520,~~132~~029.4462 Payment of Interest and Principal 8,~~910~~153,~~175~~005.7809 Total Withdrawals (Pool Distribution Amount) 98,~~434~~673,~~308~~034.2271 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~320~~318,~~477~~386.7641 Credit Risk Manager's Fee 9,~~614~~551.3359 PMI Premiums ~~188~~186,~~784~~870.5409 Trustee Fee 5,~~255~~221.8153 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~524~~520,~~132~~029.4462

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Financial Guaranty 0.00 0.00 0.00 0.00 Reserve Fund ~~1,000~~0.00 1,000.00 1,000.00 0.00

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 4643 0 0 0 4643 75,~~473~~283,~~722~~359.0075 0.00 0.00 0.00 75,~~473~~283,~~722~~359.0075 60 Days 927 0 0 0 927 24,~~173~~965,~~889~~221.2041 0.00 0.00 0.00 24,~~173~~965,~~889~~221.2041 90 Days 08 0 0 0 08 02,130,889.0020 0.00 0.00 0.00 02,130,889.0020 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 5578 0 0 0 5578 912,~~647~~379,~~611~~470.2036 0.00 0.00 0.00 912,~~647~~379,~~611~~470.2036 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~082353~~016548% 0.000000% 0.000000% 0.000000% 1.~~082353~~016548% 0.~~977629~~695005% 0.000000% 0.000000% 0.000000% 0.~~977629~~695005% 60 Days 0.~~211765~~638298% 0.000000% 0.000000% 0.000000% 0.~~211765~~638298% 0.~~284364~~653155% 0.000000% 0.000000% 0.000000% 0.~~284364~~653155% 90 Days 0.~~000000~~189125% 0.000000% 0.000000% 0.000000% 0.~~000000~~189125% 0.~~000000~~280310% 0.000000% 0.000000% 0.000000% 0.~~000000~~280310% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.~~294118~~843972% 0.000000% 0.000000% 0.000000% 1.~~294118~~843972% 1.~~261993~~628471% 0.000000% 0.000000% 0.000000% 1.~~261993~~628471%

Delinquency Status By Groups

DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 32 0 0 0 32 ~~214~~87,~~853~~741.3554 0.00 0.00 0.00 ~~214~~87,~~853~~741.3554 60 Days 02 0 0 0 02 0109,014.0028 0.00 0.00 0.00 0109,014.0028 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 34 0 0 0 34 ~~214~~196,~~853~~755.3582 0.00 0.00 0.00 ~~214~~196,~~853~~755.3582 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 10.~~388889~~930233% 0.000000% 0.000000% 0.000000% 10.~~388889~~930233% 0.~~859670~~353258% 0.000000% 0.000000% 0.000000% 0.~~859670~~353258% 60 Days 0.~~000000~~930233% 0.000000% 0.000000% 0.000000% 0.~~000000~~930233% 0.~~000000~~438905% 0.000000% 0.000000% 0.000000% 0.~~000000~~438905% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.~~388889~~860465% 0.000000% 0.000000% 0.000000% 1.~~388889~~860465% 0.~~859670~~792164% 0.000000% 0.000000% 0.000000% 0.~~859670~~792164% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 37 0 0 0 37 54,~~040~~474,~~331~~706.4786 0.00 0.00 0.00 54,~~040~~474,~~331~~706.4786 60 Days 720 0 0 0 720 12,~~311~~732,~~589~~941.2062 0.00 0.00 0.00 12,~~311~~732,~~589~~941.2062 90 Days 07 0 0 0 07 01,372,089.0020 0.00 0.00 0.00 01,372,089.0020 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 4464 0 0 0 4464 68,~~351~~579,~~920~~737.6768 0.00 0.00 0.00 68,~~351~~579,~~920~~737.6768 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~072775~~078089% 0.000000% 0.000000% 0.000000% 1.~~072775~~078089% 0.~~948233~~847063% 0.000000% 0.000000% 0.000000% 0.~~948233~~847063% 60 Days 0.~~202957~~582751% 0.000000% 0.000000% 0.000000% 0.~~202957~~582751% 0.~~246748~~517347% 0.000000% 0.000000% 0.000000% 0.~~246748~~517347% 90 Days 0.~~000000~~203963% 0.000000% 0.000000% 0.000000% 0.~~000000~~203963% 0.~~000000~~259737% 0.000000% 0.000000% 0.000000% 0.~~000000~~259737% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.~~275732~~864802% 0.000000% 0.000000% 0.000000% 1.~~275732~~864802% 1.~~194981~~624147% 0.000000% 0.000000% 0.000000% 1.~~194981~~624147% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 3 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 02 0 0 0 02 0261,729.0043 0.00 0.00 0.00 0261,729.0043 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 02 0 0 0 02 0261,729.0043 0.00 0.00 0.00 0261,729.0043 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 03.~~000000~~921569% 0.000000% 0.000000% 0.000000% 03.~~000000~~921569% 01.~~000000~~411176% 0.000000% 0.000000% 0.000000% 01.~~000000~~411176% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 03.~~000000~~921569% 0.000000% 0.000000% 0.000000% 03.~~000000~~921569% 01.~~000000~~411176% 0.000000% 0.000000% 0.000000% 01.~~000000~~411176% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 4 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 62 0 0 0 6 2 459,~~218,537~~181.1892 0.00 0.00 0.00 2459,~~218,537~~181.1892 60 Days 25 0 0 0 25 ~~862~~2,~~300~~123,265.0051 0.00 0.00 0.00 ~~862~~2,~~300~~123,265.0051 90 Days 01 0 0 0 01 0758,800.00 0.00 0.00 0.00 0758,800.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 8 0 0 0 8 3,~~080~~341,~~837~~247.1843 0.00 0.00 0.00 3,~~080~~341,~~837~~247.1843 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 10.~~123596~~375940% 0.000000% 0.000000% 0.000000% 10.~~123596~~375940% 10.~~171572~~243541% 0.000000% 0.000000% 0.000000% 10.~~171572~~243541% 60 Days 0.~~374532~~939850% 0.000000% 0.000000% 0.000000% 0.~~374532~~939850% 01.~~455366~~126138% 0.000000% 0.000000% 0.000000% 01.~~455366~~126138% 90 Days 0.~~000000~~187970% 0.000000% 0.000000% 0.000000% 0.~~000000~~187970% 0.~~000000~~402453% 0.000000% 0.000000% 0.000000% 0.~~000000~~402453% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.~~498127~~503759% 0.000000% 0.000000% 0.000000% 1.~~498127~~503759% 1.~~626938~~772132% 0.000000% 0.000000% 0.000000% 1.~~626938~~772132%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 5975,~~556~~539.0089

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 6.~~757674~~752255% Weighted Average Net Coupon 6.~~257674~~252255% Weighted Average Pass-Through Rate 5.~~954938~~950591% Weighted Average Maturity(Stepdown Calculation ) ~~355~~354 Beginning Scheduled Collateral Loan Count 4,~~269~~250 Number Of Loans Paid In Full 1920 Ending Scheduled Collateral Loan Count 4,~~250~~230 Beginning Scheduled Collateral Balance ~~769~~764,~~146~~127,~~715~~355.7192 Ending Scheduled Collateral Balance ~~764~~759,~~127~~839,~~355~~574.9222 Ending Actual Collateral Balance at 3130-~~Aug~~Sep-2003 ~~764~~760,~~474~~189,~~093~~845.2451 Monthly P &I Constant 4,~~717~~685,~~555~~039.6043 Special Servicing Fee 0.00 Prepayment Penalties 8381,~~580~~532.0800 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~764~~759,~~127~~839,~~355~~574.9222 Scheduled Principal ~~386~~385,~~186~~387.6717 Unscheduled Principal 43,~~633~~902,~~173~~394.1253

Miscellaneous Reporting ~~Credit Enhancement Percentage 0.080177% Step Down NO Trigger Event NO~~ Dividend Account Deposit 0.00 ~~Dividend~~Extra ~~Account~~Principal ~~Withdrawal~~Amount 0.00 Overcollateralization Amount 1,928,784.73 Overcollateralized Deficiency Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized Reduction Amount 0.00 Dividend Account Withdrawal 0.00 Specified Overcollateralized Amount 1,928,784.73 ~~Overcollateralized~~Step ~~Deficiency~~Down ~~Amount~~Do ~~0.00~~Not Stepdown Trigger Event Not Triggered Cap Payment Amount 04,068.0072 Class ~~M-4~~B Sub Net Funds Cap Reduction 31,~~071~~450.2120 Excess Cash 1,257,630.00 Class BM-4 Sub Net Funds Cap Reduction ~~874.92 Extra Principal Amount 0.00 Excess Cash 1~~4,~~347,791~~940.0218

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 8.~~027464~~026768 6.~~793244~~790655 7.~~169363~~115592 Weighted Average Net Rate 7.~~527465~~526768 6.~~293244~~290655 6.~~669363~~615592 Weighted Average Maturity ~~355~~354 354 355 ~~356~~ Beginning Loan Count ~~217~~216 3,~~463~~449 5351 Loans Paid In Full 1 1417 20 Ending Loan Count ~~216~~215 3,~~449~~432 51 Beginning Scheduled Balance 2524,~~036~~972,~~141~~410.6522 ~~533~~531,~~844~~301,~~547~~114.8738 1918,~~846~~554,~~064~~260.5069 Ending scheduled Balance 24,~~972~~817,~~410~~088.2235 ~~531~~528,~~301~~012,~~114~~700.3862 18,~~554~~534,~~260~~664.6946 Record Date 0809/3130/2003 0809/3130/2003 0809/3130/2003 Principal And Interest Constant ~~191~~190,~~086~~814.5229 3,~~295~~280,~~711~~323.2612 ~~135~~125,~~255~~934.4641 Scheduled Principal 23,~~605~~774.9150 273,~~597~~754.8851 1615,~~685~~913.7695 Unscheduled Principal 40131,~~125~~547.5237 23,~~269~~014,~~835~~659.6125 13,~~275,118~~682.0528 Scheduled Interest 167,~~480~~039.6179 3,~~022~~006,~~113~~568.3861 ~~118~~110,~~569~~020.7046 Servicing Fees 10,~~431~~405.7017 ~~222~~221,~~435~~375.2348 87,~~269~~730.1995 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee ~~171~~170.0866 3,~~647~~630.9255 ~~135~~126.6279 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 15,~~342~~326.1209 ~~138~~137,~~638~~451.5866 6,~~719~~022.5591 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 141,~~535~~137.7187 2,~~657~~644,~~391~~110.6592 ~~103~~96,~~445~~139.3481 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.~~783906~~782103 5.~~973405~~972005 6.~~254863~~217860

Group Level Collateral Statement Group Group 4 Total Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 6.~~448097~~440733 6.~~757674~~752255 Weighted Average Net Rate 5.~~948097~~940734 6.~~257674~~252255 Weighted Average Maturity ~~356~~ 355 354 Beginning Loan Count ~~536~~534 4,~~269~~250 Loans Paid In Full 2 1920 Ending Loan Count ~~534~~532 4,~~250~~230 Beginning Scheduled Balance ~~190~~189,~~419~~299,~~961~~570.6963 ~~769~~764,~~146~~127,~~715~~355.7192 Ending scheduled Balance ~~189~~188,~~299~~475,~~570~~120.6379 ~~764~~759,~~127~~839,~~355~~574.9222 Record Date 0809/3130/2003 0809/3130/2003 Principal And Interest Constant 1,~~095~~087,~~502~~967.3661 4,~~717~~685,~~555~~039.6043 Scheduled Principal 7271,~~297~~944.1221 ~~386~~385,~~186~~387.6717 Unscheduled Principal 1752,~~048,093~~505.9463 43,~~633~~902,~~173~~394.1253 Scheduled Interest 1,~~023~~016,~~205~~023.2440 4,~~331~~299,~~368~~652.9326 Servicing Fees 7978,~~341~~874.6481 ~~320~~318,~~477~~386.7641 Master Servicing Fees 0.00 0.00 Trustee Fee 1,~~301~~293.1953 5,~~255~~221.8153 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 28,~~084~~069.2943 ~~188~~186,~~784~~870.5409 Pool Insurance Fee 0.00 0.00 Spread Fee 1 0.00 0.00 Spread Fee 2 0.00 0.00 Spread Fee 3 0.00 0.00 Net Interest ~~914~~907,~~478~~785.1263 3,~~816~~789,~~850~~174.8223 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 5.~~762913~~754597 5.~~954938~~950591

Filing Compare · STRUCTURED ASSET SEC CORP MORT PASS THR CERTS SER 2003 FF3