8-K 1 ffm05fh1_10506.txt 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): June 27, 2005 FIRST FRANKLIN MORTGAGE LOAN TRUST Mortgage Loan Asset-Backed Certificates, Series 2005-FH1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-121605-13 Pooling and Servicing Agreement) (Commission 54-2175528 (State or other File Number) 54-2175529 jurisdiction 54-6666933 of Incorporation) 54-6666934 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 June 27, 2005 a distribution was made to holders of FIRST FRANKLIN MORTGAGE LOAN TRUST, Mortgage Loan Asset-Backed Certificates, Series 2005-FH1 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Loan Asset-Backed Certificates, Series 2005-FH1 Trust, relating to the June 27, 2005 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 Loan Asset-Backed Certificates, Series 2005-FH1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 7/1/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Loan Asset-Backed Certificates, Series 2005-FH1 Trust, relating to the June 27, 2005 distribution. EX-99.1

~~Item~~First ~~601(a)~~Franklin ofMortgage ~~Regulation~~Loan STrust Mortgage Loan Asset-KBacked ~~Exhibit~~Certificates ~~No.~~Record ~~Description~~Date: 5/31/2005 Distribution Date: 6/27/2005 First Franklin Mortgage Loan Trust Mortgage Loan Asset-Backed Certificates Series 2005-FH1 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 www.ctslink.com Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution A-1A 32027NTK7 SEN 3.34063% 150,481,000.00 377,026.01 A-1B 32027NTL5 SEN 3.39063% 37,620,000.00 95,666.63 A-2A 32027NSX0 SEN 3.20063% 81,239,000.00 195,011.99 A-2B 32027NSY8 SEN 3.35063% 128,345,000.00 322,527.46 A-2C 32027NSZ5 SEN 3.50063% 17,565,000.00 46,116.42 M-~~-----~~1 32027NTA9 MEZ 3.55063% 33,825,000.00 90,075.04 M-~~------------------------------------------------------~~2 432027NTB7 MEZ 3.162063% ~~Pooling~~16,775,000.00 ~~and~~45,552.05 ~~Servicing~~M-3 ~~Agreement~~32027NTC5 ~~among~~MEZ ~~Merrill~~3.68063% ~~Lynch~~11,275,000.00 ~~Mortgage~~31,124.33 ~~Investors~~M-4 32027NTD3 MEZ 3.82063% 11,000,000.00 ~~Inc~~31,520.20 M-5 32027NTE1 MEZ 3.87063% 11,275,000.00 as32,731.01 ~~depositor~~M-6 32027NTF8 MEZ 4.02063% 9,900,000.00 ~~Wilshire~~29,853.18 ~~Credit~~B-1 ~~Corporation~~32027NTG6 SUB 4.45063% 10,175,000.00 as33,963.87 ~~servicer~~B-2 ~~and~~32027NTH4 ~~Wells~~SUB ~~Fargo~~4.65063% ~~Bank~~9,900,000.00 N34,530.A93 B-3 32027NTJ0 SUB 5.35063% as4,675,000.00 ~~trustee~~18,760.65 ~~dated~~B-4 as32027NTM3 ofSUB ~~May~~6.35063% 13,850,000.00 ~~2005~~18,337.44 ~~for~~C ~~First~~32027NTN1 ~~Franklin~~SEN ~~Mortgage~~0.00000% ~~Loan~~12,100,106.17 ~~Trust~~1,948,732.93 ~~Mortgage~~P ~~Loan~~32027NTP6 ~~Asset-Backed~~SEN ~~Certificates~~0.00000% 0.01 2,084.00 ~~Series~~R ~~2005-FFH1~~32027NTQ4 SEN 3.34063% 0.00 0.25 Totals 550,000,106.18 3,353,614.39

~~Exhibit~~Certificateholder NoDistribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses A-1A 410,741.09 ~~Description~~0.00 150,070,258.91 787,767.10 0.00 A-1B 102,684.59 0.00 37,517,315.41 198,351.22 0.00 A-2A 4,313,251.99 0.00 76,925,748.01 4,508,263.98 0.00 A-2B 0.00 0.00 128,345,000.00 322,527.46 0.00 A-2C 0.00 0.00 17,565,000.00 46,116.42 0.00 M-1 0.00 0.00 33,825,000.00 90,075.04 0.00 M-2 0.00 0.00 16,775,000.00 45,552.05 0.00 M-3 0.00 0.00 11,275,000.00 31,124.33 0.00 M-4 0.00 0.00 11,000,000.00 31,520.20 0.00 M-5 0.00 0.00 11,275,000.00 32,731.01 0.00 M-6 0.00 0.00 9,900,000.00 29,853.18 0.00 B-1 0.00 0.00 10,175,000.00 33,963.87 0.00 B-~~-----~~2 0.00 0.00 9,900,000.00 34,530.93 0.00 B-~~------------------------------------------------------~~3 0.00 0.00 4,675,000.00 18,760.65 0.00 B-4 0.00 0.00 3,850,000.00 18,337.44 0.00 C 0.00 0.00 12,100,006.17 1,948,732.93 0.00 P 0.00 0.00 0.01 2,084.00 0.00 R 100.00 0.00 0.00 100.25 0.00 Totals 4,826,777.67 0.00 545,173,328.51 8,180,392.06 0.00 All distributions required by the Pooling and Servicing Agreement ~~among~~have ~~Merrill~~been ~~Lynch~~calculated ~~Mortgage~~by ~~Investors,~~the ~~Inc~~Certificate Administrator on behalf of the Trustee. This report has been compiled from information provided to Wells Fargo Bank, asN.A. ~~depositor~~by various third parties, ~~Wilshire~~which ~~Credit~~may ~~Corporation~~include the Servicer, asMaster ~~servicer~~Servicer, Special Servicer and others. Wells Fargo Bank, N.A. ashas ~~trustee,~~not ~~dated~~independently asconfirmed the accuracy of ~~May~~information 1,received ~~2005,~~from ~~for~~these ~~First~~third ~~Franklin~~parties ~~Mortgage~~and ~~Loan~~assumes ~~Trust~~no ~~Mortgage~~duty ~~Loan~~to ~~Asset-Backed~~do ~~Certificates~~so. Wells Fargo Bank, ~~Series~~N.A. ~~2005-FFH1~~expressly disclaims any responsibility for the accuracy or completeness of information furnished by third parties.

Delinquency Status By Groups

Filing Compare · First Franklin Mortgage Loan Trust, Series 2005-FFH1