8-K 1 ffm04ff5_aug.txt AUGUST 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): August 25, 2004 FIRST FRANKLIN MORTGAGE LOAN TRUST Asset Backed Certificates, Series 2004-FF5 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-111379-18 54-2157823 Pooling and Servicing Agreement) (Commission 54-2157827 (State or other File Number) 54-2157825 jurisdiction 54-2157826 of Incorporation) 54-2157824 IRS EIN c/o Wells Fargo Bank, 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) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On August 25, 2004 a distribution was made to holders of FIRST FRANKLIN MORTGAGE LOAN TRUST, Asset Backed Certificates, Series 2004-FF5 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2004-FF5 Trust, relating to the August 25, 2004 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 2004-FF5 Trust (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 8/26/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2004-FF5 Trust, relating to the August 25, 2004 distribution. EX-99.1

~~Class~~First ~~Initial~~Franklin ~~Certificate~~Mortgage ~~Pass~~Loan Trust Asset Backed Certificates Record Date: 7/31/04 Distribution Date: 8/25/04 FFM Series: 2004-~~Through~~FF5 ~~Rate~~Contact: Customer Service -~~----~~ CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-~~------------------~~6600 Fax: (301) 815-~~----------------~~6660 ~~Class~~Certificateholder ~~Principal~~Distribution ~~Balance~~Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate ~~-----~~Balance ~~-----------------~~Distribution ~~-----------------~~Distribution A-1 $32027NJT9 SEN 1.83000% 625,700,000.00 ~~Variable~~858,773.25 1,079,461.87 A-2 $32027NJU6 SEN 1.85000% 50,000,000.00 ~~Variable~~69,375.00 178,632.05 A-3A $32027NKS9 SEN 1.68000% 87,000,000.00 ~~Variable~~109,620.00 997,124.10 A-3B $32027NKT7 SEN 1.83000% 160,300,000.00 ~~Variable~~220,011.75 0.00 A-3C $32027NKU4 SEN 1.97000% 31,800,000.00 ~~Variable~~46,984.50 0.00 M-1 $32027NJV4 MEZ 2.07000% 44,000,000.00 ~~Variable~~68,310.00 0.00 M-2 $32027NJW2 MEZ 2.17000% 24,750,000.00 ~~Variable~~40,280.63 0.00 M-3 $32027NJX0 MEZ 2.27000% 11,000,000.00 ~~Variable~~18,727.50 0.00 M-4 $32027NJY8 MEZ 2.77000% 11,000,000.00 ~~Variable~~22,852.50 0.00 M-5 $32027NJZ5 MEZ 2.87000% 11,000,000.00 ~~Variable~~23,677.50 0.00 M-6 $32027NKA8 MEZ 3.07000% 7,150,000.00 ~~Variable~~16,462.88 0.00 M-7 $32027NKB6 MEZ 3.97000% 7,700,000.00 ~~Variable~~22,926.75 0.00 M-8 $32027NKC4 MEZ 4.47000% 7,150,000.00 ~~Variable~~23,970.38 0.00 M-9 $32027NKD2 MEZ 4.47000% 5,500,000.00 ~~Variable~~18,438.75 0.00 B $32027NKE0 SUB 4.47000% 5,500,000.00 ~~Variable~~18,438.75 0.00 C $FFM04FF5C SEN 0.00000% 10,449,900.00 ~~N/A~~2,772,215.12 0.00 P $FFM04FF5P SEN 0.00000% 100.00 ~~N/A~~8,435.55 0.00 R ~~100~~SEN 0.00000% ~~N/A~~0.00 ~~R-X~~0.00 0.00 Totals 1,100%,000,000.00 ~~N/A~~4,359,500.81 2,255,218.02

~~Index~~Certificateholder toDistribution ~~Exhibits~~Summary ~~Sequentially~~(continued) ~~Exhibit~~Current NoEnding Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~Description~~624,620,538.13 ~~Numbered~~1,938,235.12 ~~Page~~0.00 A-2 0.00 49,821,367.95 248,007.05 0.00 A-3A 0.00 86,002,875.90 1,106,744.10 0.00 A-3B 0.00 160,300,000.00 220,011.75 0.00 A-3C 0.00 31,800,000.00 46,984.50 0.00 M-1 0.00 44,000,000.00 68,310.00 0.00 M-2 0.00 24,750,000.00 40,280.63 0.00 M-3 0.00 11,000,000.00 18,727.50 0.00 M-~~---~~4 0.00 11,000,000.00 22,852.50 0.00 M-~~----------~~5 0.00 11,000,000.00 23,677.50 0.00 M-~~------------~~6 40.100 ~~Pooling~~7,150,000.00 ~~and~~16,462.88 ~~Servicing~~0.00 ~~Agreement~~M-7 0.00 7,700,000.00 ~~dated~~22,926.75 as0.00 ofM-8 ~~July~~0.00 7,150,000.00 123,970.38 ~~2004~~0.00 M-9 0.00 5,500,000.00 by18,438.75 ~~and~~0.00 ~~among~~B ~~Financial~~0.00 ~~Asset~~5,500,000.00 ~~Securities~~18,438.75 ~~Corp~~0.00 asC ~~Depositor~~0.00 10,450,000.00 ~~Saxon~~2,772,215.12 ~~Mortgage~~0.00 ~~Services~~P 0.00 100.00 8,435.55 ~~Inc~~0.00 asR ~~servicer~~0.00 ~~and~~0.00 ~~Wells~~0.00 ~~Fargo~~0.00 ~~Bank~~Totals 0.00 1,097,744,881.98 N6,614,718.A83 0.00 asAll ~~Trustee,~~distributions ~~relating~~required toby the ~~Series~~Pooling ~~2004-FF5~~and ~~Certificates~~Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

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