8-K 1 ffm03ff3_dec.txt DECEMBER 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): December 26, 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 Pooling and Servicing Agreement) (Commission 54-2121758 (State or other File Number) 54-2121759 jurisdiction 54-2121760 of Incorporation) 54-2121761 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 December 26, 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 December 26, 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, N.A. as Trustee By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 12/31/03 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 December 26, 2003 distribution. EX-99.1

First Franklin Mortgage Loan Trust Mortgage Pass-Through Certificates Record Date: 911/30/03 Distribution Date: 1012/2726/03 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 01.~~00000~~85000% ~~511~~501,~~435~~616,~~343~~020.8946 ~~841~~773,~~027~~324.0170 35,~~443~~737,~~735~~260.6357 2-A1 32027NDG3 SEN 1.~~24000~~23875% ~~102~~98,~~248~~718,~~127~~710.3028 ~~112~~105,~~700~~303.1639 ~~844~~1,~~046~~136,578.0796 2-A2 32027NDH1 SEN 01.~~00000~~92000% 88,776,000.00 ~~151~~142,~~511~~041.0460 0.00 M-1 32027NDK4 MEZ 1.~~87000~~86875% 23,125,000.00 3837,~~438~~212.8978 0.00 M-2 32027NDL2 MEZ 2.~~97000~~96875% 17,344,000.00 4544,~~788~~338.1661 0.00 M-3 32027NDM0 MEZ 3.~~37000~~36875% 7,708,000.00 2322,~~089~~359.7489 0.00 M-4 32027NDN8 MEZ 4.~~37000~~36875% 7,708,000.00 2826,~~084~~953.2651 0.00 B 32027NDP3 SUB 4.~~12000~~11875% 3,854,000.00 1312,~~542~~976.1375 0.00 X FFM03FF3X SEN 0.00000% 1,928,784.73 1,~~257~~272,~~630~~596.0092 0.00 P FFM03FF3P SEN 0.00000% 100.00 81119,~~532~~051.0022 0.00 Totals ~~764~~750,~~127~~778,~~355~~615.9247 3,~~865~~828,~~223~~039.3937 46,~~287~~873,~~781~~839.7053

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 ~~507~~495,~~991~~878,~~608~~759.2689 46,~~284~~510,~~762~~585.6427 0.00 2-A1 0.00 ~~101~~97,~~404~~582,~~081~~131.2332 ~~956~~1,~~746~~241,882.2335 0.00 2-A2 0.00 88,776,000.00 ~~151~~142,~~511~~041.0460 0.00 M-1 0.00 23,125,000.00 3837,~~438~~212.8978 0.00 M-2 0.00 17,344,000.00 4544,~~788~~338.1661 0.00 M-3 0.00 7,708,000.00 2322,~~089~~359.7489 0.00 M-4 0.00 7,708,000.00 2826,~~084~~953.2651 0.00 B 0.00 3,854,000.00 1312,~~542~~976.1375 0.00 X 0.00 1,928,784.73 1,~~257~~272,~~630~~596.0092 0.00 P 0.00 100.00 81119,~~532~~051.0022 0.00 Totals 0.00 ~~759~~743,~~839~~904,~~574~~775.2294 810,~~153~~701,~~005~~878.0990 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 ~~511~~501,~~435~~616,~~343~~020.8946 0.00 35,~~443~~737,~~735~~260.6357 0.00 0.00 2-A1 104,765,000.00 ~~102~~98,~~248~~718,~~127~~710.3028 0.00 ~~844~~1,~~046~~136,578.0796 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 ~~764~~750,~~127~~778,~~355~~615.9247 0.00 46,~~287~~873,~~781~~839.7053 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 35,~~443~~737,~~735~~260.6357 ~~507~~495,~~991~~878,~~608~~759.2689 0.~~98519202~~96170053 35,~~443~~737,~~735~~260.6357 2-A1 ~~844~~1,~~046~~136,578.0796 ~~101~~97,~~404~~582,~~081~~131.2332 0.~~96791945~~93143828 ~~844~~1,~~046~~136,578.0796 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 46,~~287~~873,~~781~~839.7053 ~~759~~743,~~839~~904,~~574~~775.2294 0.~~98573469~~96506259 46,~~287~~873,~~781~~839.7053

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 ~~991~~972.~~87075908~~82729659 0.00000000 611.~~67873410~~12676522 0.00000000 2-A1 104,765,000.00 ~~975~~942.~~97601584~~28712146 0.00000000 810.~~05656536~~84884227 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 611.~~67873410~~12676522 ~~985~~961.~~19202497~~70053137 0.~~98519202~~96170053 611.~~67873410~~12676522 2-A1 0.00000000 810.~~05656536~~84884227 ~~967~~931.~~91945048~~43827920 0.~~96791945~~93143828 810.~~05656536~~84884227 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, 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 01.~~00000~~85000% ~~511~~501,~~435~~616,~~343~~020.8946 ~~841~~773,~~027~~324.0170 0.00 0.00 2-A1 104,765,000.00 1.~~24000~~23875% ~~102~~98,~~248~~718,~~127~~710.3028 ~~112~~105,~~700~~303.1639 0.00 0.00 2-A2 88,776,000.00 01.~~00000~~92000% 88,776,000.00 ~~151~~142,~~511~~041.0460 0.00 0.00 M-1 23,125,000.00 1.~~87000~~86875% 23,125,000.00 3837,~~438~~212.8978 0.00 0.00 M-2 17,344,000.00 2.~~97000~~96875% 17,344,000.00 4544,~~788~~338.1661 0.00 0.00 M-3 7,708,000.00 3.~~37000~~36875% 7,708,000.00 2322,~~089~~359.7489 0.00 0.00 M-4 7,708,000.00 4.~~37000~~36875% 7,708,000.00 2928,~~941~~997.3034 0.00 0.00 B 3,854,000.00 4.~~12000~~11875% 3,854,000.00 1413,~~114~~668.2099 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,~~528~~439,~~490~~127.5030 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 ~~841~~773,~~027~~324.0170 0.00 ~~507~~495,~~991~~878,~~608~~759.2689 2-A1 0.00 0.00 ~~112~~105,~~700~~303.1639 0.00 ~~101~~97,~~404~~582,~~081~~131.2332 2-A2 0.00 0.00 ~~151~~142,~~511~~041.0460 0.00 88,776,000.00 M-1 0.00 0.00 3837,~~438~~212.8978 0.00 23,125,000.00 M-2 0.00 0.00 4544,~~788~~338.1661 0.00 17,344,000.00 M-3 0.00 0.00 2322,~~089~~359.7489 0.00 7,708,000.00 M-4 0.00 0.00 2826,~~084~~953.2651 0.00 7,708,000.00 B 0.00 0.00 1312,~~542~~976.1375 0.00 3,854,000.00 X 0.00 0.00 1,~~257~~272,~~630~~596.0092 0.00 1,928,784.73 P 0.00 0.00 81119,~~532~~051.0022 0.00 100.00 Totals 0.00 0.00 3,~~865~~828,~~223~~039.3937 0.00 (4) Amount Does Not Include Excess Special Hazard, 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 01.~~00000~~85000% ~~991~~972.~~87075908~~82729659 1.~~63107636~~49977542 0.00000000 0.00000000 2-A1 104,765,000.00 1.~~24000~~23875% ~~975~~942.~~97601584~~28712146 1.~~07574247~~00513903 0.00000000 0.00000000 2-A2 88,776,000.00 01.~~00000~~92000% 1000.00000000 1.~~70666667~~60000000 0.00000000 0.00000000 M-1 23,125,000.00 1.~~87000~~86875% 1000.00000000 1.~~66222227~~60920130 0.00000000 0.00000000 M-2 17,344,000.00 2.~~97000~~96875% 1000.00000000 2.~~64000000~~55642355 0.00000000 0.00000000 M-3 7,708,000.00 3.~~37000~~36875% 1000.00000000 2.~~99555527~~90086793 0.00000000 0.00000000 M-4 7,708,000.00 4.~~37000~~36875% 1000.00000000 3.~~88444473~~76197976 0.00000000 0.00000000 B 3,854,000.00 4.~~12000~~11875% 1000.00000000 3.~~66222107~~54670213 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.~~63107636~~49977542 0.00000000 ~~985~~961.~~19202497~~70053137 2-A1 0.00000000 0.00000000 1.~~07574247~~00513903 0.00000000 ~~967~~931.~~91945048~~43827920 2-A2 0.00000000 0.00000000 1.~~70666667~~60000000 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 1.~~66222227~~60920130 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.~~64000000~~55642355 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 2.~~99555527~~90086793 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 3.~~64352102~~49682278 0.00000000 1000.00000000 B 0.00000000 0.00000000 3.~~51378568~~36708614 0.00000000 1000.00000000 X 0.00000000 0.00000000 ~~652~~659.~~06613628~~82630557 0.00000000 1000.05184881 P 0.00000000 0.00000000 ~~815320~~1190512.~~00000000~~20000000 0.00000000 1000.00000000 (6) Amount Does Not Include Excess Special Hazard, 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 811,~~591~~090,~~502~~937.7161 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 81119,~~532~~051.0022 Total Deposits 811,~~673~~209,~~034~~988.7183 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~520~~508,~~029~~109.6293 Payment of Interest and Principal 810,~~153~~701,~~005~~878.0990 Total Withdrawals (Pool Distribution Amount) 811,~~673~~209,~~034~~988.7183 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~318~~312,~~386~~824.4140 Credit Risk Manager's Fee 9,~~551~~384.5973 PMI Premiums ~~186~~180,~~870~~770.0947 Trustee Fee 5,~~221~~130.5333 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~520~~508,~~029~~109.6293

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 4364 0 0 0 4364 59,~~283~~447,~~359~~191.7540 0.00 0.00 0.00 59,~~283~~447,~~359~~191.7540 60 Days 2717 0 01 0 2718 43,~~965~~905,~~221~~350.4135 0.00 054,300.00 0.00 43,~~965~~959,~~221~~650.4135 90 Days 81 0 013 0 814 2274,~~130,889~~470.2029 0.00 02,198,805.0013 0.00 2,~~130~~473,~~889~~275.2042 120 Days 01 0 013 0 014 0166,262.0093 0.00 02,772,383.0076 0.00 02,938,646.0069 150 Days 0 0 03 0 03 0.00 0.00 0448,588.0039 0.00 0448,588.0039 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 7883 0 030 0 78113 1213,~~379~~793,~~470~~274.3697 0.00 05,474,077.0028 0.00 1219,~~379~~267,~~470~~352.3625 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.~~016548~~543657% 0.000000% 0.000000% 0.000000% 1.~~016548~~543657% 01.~~695005~~269303% 0.000000% 0.000000% 0.000000% 01.~~695005~~269303% 60 Days 0.~~638298~~410034% 0.000000% 0.~~000000~~024120% 0.000000% 0.~~638298~~434153% 0.~~653155~~524714% 0.000000% 0.~~000000~~007296% 0.000000% 0.~~653155~~532010% 90 Days 0.~~189125~~024120% 0.000000% 0.~~000000~~313555% 0.000000% 0.~~189125~~337675% 0.~~280310~~036877% 0.000000% 0.~~000000~~295426% 0.000000% 0.~~280310~~332304% 120 Days 0.~~000000~~024120% 0.000000% 0.~~000000~~313555% 0.000000% 0.~~000000~~337675% 0.~~000000~~022339% 0.000000% 0.~~000000~~372491% 0.000000% 0.~~000000~~394830% 150 Days 0.000000% 0.000000% 0.~~000000~~072359% 0.000000% 0.~~000000~~072359% 0.000000% 0.000000% 0.~~000000~~060271% 0.000000% 0.~~000000~~060271% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 12.~~843972~~001930% 0.000000% 0.~~000000~~723589% 0.000000% 12.~~843972~~725519% 1.~~628471~~853233% 0.000000% 0.~~000000~~735485% 0.000000% 12.~~628471~~588718%

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 23 0 0 0 23 87168,~~741~~184.5425 0.00 0.00 0.00 87168,~~741~~184.5425 60 Days 20 0 0 0 20 ~~109,014~~0.2800 0.00 0.00 0.00 ~~109,014~~0.2800 90 Days 0 0 01 0 01 0.00 0.00 055,928.0033 0.00 055,928.0033 120 Days 0 0 02 0 02 0.00 0.00 0109,014.0028 0.00 0109,014.0028 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 43 0 03 0 46 ~~196~~168,~~755~~184.8225 0.00 0164,942.0061 0.00 ~~196~~333,~~755~~126.8286 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~930233~~442308% 0.000000% 0.000000% 0.000000% 01.~~930233~~442308% 0.~~353258~~708700% 0.000000% 0.000000% 0.000000% 0.~~353258~~708700% 60 Days 0.~~930233~~000000% 0.000000% 0.000000% 0.000000% 0.~~930233~~000000% 0.~~438905~~000000% 0.000000% 0.000000% 0.000000% 0.~~438905~~000000% 90 Days 0.000000% 0.000000% 0.~~000000~~480769% 0.000000% 0.~~000000~~480769% 0.000000% 0.000000% 0.~~000000~~235672% 0.000000% 0.~~000000~~235672% 120 Days 0.000000% 0.000000% 0.~~000000~~961538% 0.000000% 0.~~000000~~961538% 0.000000% 0.000000% 0.~~000000~~459368% 0.000000% 0.~~000000~~459368% 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.~~860465~~442308% 0.000000% 01.~~000000~~442308% 0.000000% 12.~~860465~~884615% 0.~~792164~~708700% 0.000000% 0.~~000000~~695040% 0.000000% 01.~~792164~~403740% 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 3756 0 0 0 3756 47,~~474~~564,~~706~~522.8634 0.00 0.00 0.00 47,~~474~~564,~~706~~522.8634 60 Days 2013 0 01 0 2014 21,~~732~~876,~~941~~058.6265 0.00 054,300.00 0.00 21,~~732~~930,~~941~~358.6265 90 Days 71 0 09 0 710 1274,~~372,089~~470.2029 0.00 01,185,719.0058 0.00 1,~~372~~460,~~089~~189.2087 120 Days 01 0 08 0 09 0166,262.0093 0.00 01,451,980.0036 0.00 01,618,243.0029 150 Days 0 0 03 0 03 0.00 0.00 0448,588.0039 0.00 0448,588.0039 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 6471 0 021 0 6492 89,~~579~~881,~~737~~314.6821 0.00 03,140,588.0033 0.00 813,~~579~~021,~~737~~902.6854 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~078089~~664685% 0.000000% 0.000000% 0.000000% 1.~~078089~~664685% 01.~~847063~~462374% 0.000000% 0.000000% 0.000000% 01.~~847063~~462374% 60 Days 0.~~582751~~386445% 0.000000% 0.~~000000~~029727% 0.000000% 0.~~582751~~416171% 0.~~517347~~362680% 0.000000% 0.~~000000~~010497% 0.000000% 0.~~517347~~373177% 90 Days 0.~~203963~~029727% 0.000000% 0.~~000000~~267539% 0.000000% 0.~~203963~~297265% 0.~~259737~~053061% 0.000000% 0.~~000000~~229223% 0.000000% 0.~~259737~~282284% 120 Days 0.~~000000~~029727% 0.000000% 0.~~000000~~237812% 0.000000% 0.~~000000~~267539% 0.~~000000~~032142% 0.000000% 0.~~000000~~280697% 0.000000% 0.~~000000~~312839% 150 Days 0.000000% 0.000000% 0.~~000000~~089180% 0.000000% 0.~~000000~~089180% 0.000000% 0.000000% 0.~~000000~~086721% 0.000000% 0.~~000000~~086721% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 12.~~864802~~110583% 0.000000% 0.~~000000~~624257% 0.000000% 12.~~864802~~734839% 1.~~624147~~910256% 0.000000% 0.~~000000~~607139% 0.000000% 12.~~624147~~517395% 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 20 0 0 0 20 ~~261,729~~0.4300 0.00 0.00 0.00 ~~261,729~~0.4300 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 01 0 01 0.00 0.00 0131,612.0086 0.00 0131,612.0086 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 2 0 0 1 0 21 ~~261,729.43~~ 0.00 0.00 131,612.86 0.00 ~~261~~131,~~729~~612.4386 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 30.~~921569~~000000% 0.000000% 0.000000% 0.000000% 30.~~921569~~000000% 10.~~411176~~000000% 0.000000% 0.000000% 0.000000% 10.~~411176~~000000% 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% 02.000000% 0.000000% 02.000000% 0.000000% 0.000000% 0.~~000000~~721824% 0.000000% 0.~~000000~~721824% 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 30.~~921569~~000000% 0.000000% 02.000000% 0.000000% 32.~~921569~~000000% 10.~~411176~~000000% 0.000000% 0.~~000000~~721824% 0.000000% 10.~~411176~~721824% 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 25 0 0 0 25 ~~459~~1,~~181~~714,484.9281 0.00 0.00 0.00 ~~459~~1,~~181~~714,484.9281 60 Days 54 0 0 0 54 2,~~123~~029,~~265~~291.5170 0.00 0.00 0.00 2,~~123~~029,~~265~~291.5170 90 Days 1 0 0 2 0 12 ~~758,800~~0.00 0.00 0825,544.0036 0.00 ~~758~~825,~~800~~544.0036 120 Days 0 0 03 0 03 0.00 0.00 01,211,389.0012 0.00 01,211,389.0012 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 89 0 05 0 814 3,~~341~~743,~~247~~776.4351 0.00 02,036,933.0048 0.00 35,~~341~~780,~~247~~709.4399 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~375940~~954198% 0.000000% 0.000000% 0.000000% 0.~~375940~~954198% 0.~~243541~~926549% 0.000000% 0.000000% 0.000000% 0.~~243541~~926549% 60 Days 0.~~939850~~763359% 0.000000% 0.000000% 0.000000% 0.~~939850~~763359% 1.~~126138~~096678% 0.000000% 0.000000% 0.000000% 1.~~126138~~096678% 90 Days 0.~~187970~~000000% 0.000000% 0.~~000000~~381679% 0.000000% 0.~~187970~~381679% 0.~~402453~~000000% 0.000000% 0.~~000000~~446144% 0.000000% 0.~~402453~~446144% 120 Days 0.000000% 0.000000% 0.~~000000~~572519% 0.000000% 0.~~000000~~572519% 0.000000% 0.000000% 0.~~000000~~654664% 0.000000% 0.~~000000~~654664% 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.~~503759~~717557% 0.000000% 0.~~000000~~954198% 0.000000% 12.~~503759~~671756% 12.~~772132~~023226% 0.000000% 01.~~000000~~100808% 0.000000% 13.~~772132~~124034%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 75114,~~539~~504.8934

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 6.~~752255~~740359% Weighted Average Net Coupon 6.~~252255~~240359% Weighted Average Pass-Through Rate 5.~~950591~~943227% Weighted Average Maturity(Stepdown Calculation ) ~~354~~352 Beginning Scheduled Collateral Loan Count 4,~~250~~186 Number Of Loans Paid In Full 2040 Ending Scheduled Collateral Loan Count 4,~~230~~146 Beginning Scheduled Collateral Balance ~~764~~750,~~127~~778,~~355~~615.9247 Ending Scheduled Collateral Balance ~~759~~743,~~839~~904,~~574~~775.2294 Ending Actual Collateral Balance at 30-~~Sep~~Nov-2003 ~~760~~744,~~189~~281,~~845~~685.5147 Monthly P &I Constant 4,~~685~~599,~~039~~379.4301 Special Servicing Fee 0.00 Prepayment Penalties 81119,~~532~~051.0022 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~759~~743,~~839~~904,~~574~~775.2294 Scheduled Principal ~~385~~382,~~387~~280.1790 Unscheduled Principal 36,~~902~~491,~~394~~558.5363

Miscellaneous Reporting Step Down Do Not Stepdown Trigger Event Not Triggered Dividend Account Deposit 0.00 ~~Extra~~Dividend ~~Principal~~Account ~~Amount~~Withdrawal 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 ~~Step~~Overcollateralized ~~Down~~Deficiency DoAmount ~~Not~~0.00 ~~Stepdown~~Cap ~~Trigger~~Payment ~~Event~~Amount ~~Not~~0.00 ~~Triggered~~Class ~~Cap~~M-4 ~~Payment~~Sub ~~Amount~~Net 4Funds Cap Reduction 8,~~068~~703.7223 Class B Sub Net Funds Cap Reduction 12,~~450~~716.2068 Extra Principal Amount 0.00 Excess Cash 1,~~257~~272,~~630~~596.0092 ~~Class~~Soldier/Sailor ~~M-4~~Interest ~~Sub~~Shortfall ~~Net Funds Cap Reduction 4,940~~0.1800

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.~~026768~~010383 6.~~790655~~781329 7.~~115592~~115661 Weighted Average Net Rate 7.~~526768~~510383 6.~~290655~~281329 6.~~615592~~615661 Weighted Average Maturity ~~354~~352 ~~354~~352 ~~355~~353 Beginning Loan Count ~~216~~210 3,~~449~~400 51 Loans Paid In Full 12 1736 01 Ending Loan Count ~~215~~208 3,~~432~~364 5150 Beginning Scheduled Balance 24,~~972~~021,~~410~~946.2255 ~~531~~522,~~301~~432,~~114~~254.3862 18,~~554~~516,~~260~~942.6965 Ending scheduled Balance 2423,~~817~~710,~~088~~902.3556 ~~528~~517,~~012~~006,~~700~~038.6204 18,~~534~~218,~~664~~746.4638 Record Date 0911/30/2003 0911/30/2003 0911/30/2003 Principal And Interest Constant ~~190~~183,~~814~~618.2955 3,~~280~~223,~~323~~990.1269 125,934.41 Scheduled Principal 23,~~774~~264.5039 ~~273~~271,~~754~~669.5188 1516,~~913~~134.9517 Unscheduled Principal ~~131~~287,~~547~~779.3760 35,~~014~~154,~~659~~546.2570 3282,~~682~~062.2810 Scheduled Interest ~~167~~160,~~039~~354.7916 32,~~006~~952,~~568~~320.6181 ~~110~~109,~~020~~800.4624 Servicing Fees 10,~~405~~009.1714 ~~221~~217,~~375~~680.4810 7,~~730~~715.9539 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee ~~170~~164.6615 3,~~630~~569.5596 126.7953 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 1514,~~326~~661.0953 ~~137~~134,~~451~~454.6626 6,~~022~~007.9115 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~~135,~~137~~519.8734 2,~~644~~596,~~110~~616.9249 9695,~~139~~951.8117 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.000000 0.000000 0.000000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.~~782103~~769776 5.~~972005~~964294 6.~~217860~~218164

Group Level Collateral Statement Group Group 4 Total Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 6.~~440733~~423571 6.~~752255~~740359 Weighted Average Net Rate 5.~~940734~~923571 6.~~252255~~240359 Weighted Average Maturity ~~355~~353 ~~354~~352 Beginning Loan Count ~~534~~525 4,~~250~~186 Loans Paid In Full 21 2040 Ending Loan Count ~~532~~524 4,~~230~~146 Beginning Scheduled Balance ~~189~~185,~~299~~807,~~570~~471.6365 ~~764~~750,~~127~~778,~~355~~615.9247 Ending scheduled Balance ~~188~~184,~~475~~969,~~120~~088.7996 ~~759~~743,~~839~~904,~~574~~775.2294 Record Date 0911/30/2003 0911/30/2003 Principal And Interest Constant 1,~~087~~065,~~967~~835.6136 4,~~685~~599,~~039~~379.4301 Scheduled Principal 71,~~944~~212.2146 ~~385~~382,~~387~~280.1790 Unscheduled Principal ~~752~~767,~~505~~170.6323 36,~~902~~491,~~394~~558.5363 Scheduled Interest 1994,~~016,023~~622.4090 4,~~299~~217,~~652~~098.2611 Servicing Fees 7877,~~874~~419.8177 ~~318~~312,~~386~~824.4140 Master Servicing Fees 0.00 0.00 Trustee Fee 1,~~293~~269.5369 5,~~221~~130.5333 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 2825,~~069~~647.4353 ~~186~~180,~~870~~770.0947 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 ~~907~~890,~~785~~285.6391 3,~~789~~718,~~174~~372.2391 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.000000 0.000000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 5.~~754597~~749732 5.~~950591~~943227

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