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Previous: FINANCIAL ASSET SEC CORP FIRST FRANKLIN MORT LN TR 2000 FF1, 8-K, 2000-12-11 |
Next: VANTEQ FUNDS INC, N-8A/A, 2000-12-11 |
<TABLE>
<CAPTION>
First Franklin Mortgage Loan Trust
Mortgage Pass-Through Certificates
Record Date: 10/31/00
Distribution Date: 11/27/00
FFM Series: 2000-FF1
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) 846-8152
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
<S> <C> <C> <C> <C> <C> <C>
A 32027NAA9 SEN 6.85000% 462,026,000.00 2,461,571.83 3,122,403.35
M-1 32027NAB7 SUB 7.17000% 22,236,000.00 124,002.76 0.00
M-2 32027NAC5 SUB 7.57000% 7,413,000.00 43,646.10 0.00
C FFM00FF1C SUB 0.00000% 2,470,367.29 1,099,645.27 0.00
P FFM00FF1P SEN 0.00000% 100.00 30,476.21 0.00
DIV_CERT FFM00FF1D SEN 0.00000% 0.00 0.00 0.00
R-1 FFM0FF1R1 RES 0.00000% 0.00 0.00 0.00
R-2 FFM0FF1R2 RES 0.00000% 0.00 0.00 0.00
Totals 494,145,467.29 3,759,342.17 3,122,403.35
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<S> <C> <C> <C> <C>
A 0.00 458,903,596.65 5,583,975.18 0.00
M-1 0.00 22,236,000.00 124,002.76 0.00
M-2 0.00 7,413,000.00 43,646.10 0.00
C 0.00 2,470,367.29 1,099,645.27 0.00
P 0.00 100.00 30,476.21 0.00
DIV_CERT 0.00 0.00 0.00 0.00
R-1 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00
Totals 0.00 491,023,063.94 6,881,745.52 0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
<S> <C> <C> <C> <C> <C> <C>
A 462,026,000.00 462,026,000.00 0.00 3,122,403.35 0.00 0.00
M-1 22,236,000.00 22,236,000.00 0.00 0.00 0.00 0.00
M-2 7,413,000.00 7,413,000.00 0.00 0.00 0.00 0.00
C 2,470,367.29 2,470,367.29 0.00 0.00 0.00 0.00
P 100.00 100.00 0.00 0.00 0.00 0.00
DIV_CERT 0.00 0.00 0.00 0.00 0.00 0.00
R-1 0.00 0.00 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00 0.00 0.00
Totals 494,145,467.29 494,145,467.29 0.00 3,122,403.35 0.00 0.00
<FN>
(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.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement (continued)
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C>
A 3,122,403.35 458,903,596.65 0.99324193 3,122,403.35
M-1 0.00 22,236,000.00 1.00000000 0.00
M-2 0.00 7,413,000.00 1.00000000 0.00
C 0.00 2,470,367.29 1.00000000 0.00
P 0.00 100.00 1.00000000 0.00
DIV_CERT 0.00 0.00 0.00000000 0.00
R-1 0.00 0.00 0.00000000 0.00
R-2 0.00 0.00 0.00000000 0.00
Totals 3,122,403.35 491,023,063.94 0.99368121 3,122,403.35
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
<S> <C> <C> <C> <C> <C>
A 462,026,000.00 1000.00000000 0.00000000 6.75806849 0.00000000
M-1 22,236,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-2 7,413,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
C 2,470,367.29 1000.00000000 0.00000000 0.00000000 0.00000000
P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
DIV_CERT 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(2) All Classes are per $1,000 denomination.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C> <C>
A 0.00000000 6.75806849 993.24193151 0.99324193 6.75806849
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
C 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
DIV_CERT 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
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
<S> <C> <C> <C> <C> <C> <C>
A 462,026,000.00 6.85000% 462,026,000.00 2,461,571.86 0.00 0.00
M-1 22,236,000.00 7.17000% 22,236,000.00 124,002.76 0.00 0.00
M-2 7,413,000.00 7.57000% 7,413,000.00 43,646.10 0.00 0.00
C 2,470,367.29 0.00000% 2,470,367.29 0.00 0.00 0.00
P 100.00 0.00000% 100.00 0.00 0.00 0.00
DIV_CERT 0.00 0.00000% 0.00 0.00 0.00 0.00
R-1 0.00 0.00000% 0.00 0.00 0.00 0.00
R-2 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 494,145,467.29 2,629,220.72 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (4) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
A 0.02 0.00 2,461,571.83 0.00 458,903,596.65
M-1 0.00 0.00 124,002.76 0.00 22,236,000.00
M-2 0.00 0.00 43,646.10 0.00 7,413,000.00
C 0.00 0.00 1,099,645.27 0.00 2,470,367.29
P 0.00 0.00 30,476.21 0.00 100.00
DIV_CERT 0.00 0.00 0.00 0.00 0.00
R-1 0.00 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00 0.00
Totals 0.02 0.00 3,759,342.17 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
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
<S> <C> <C> <C> <C> <C> <C>
A 462,026,000.00 6.85000% 1000.00000000 5.32777779 0.00000000 0.00000000
M-1 22,236,000.00 7.17000% 1000.00000000 5.57666667 0.00000000 0.00000000
M-2 7,413,000.00 7.57000% 1000.00000000 5.88777823 0.00000000 0.00000000
C 2,470,367.29 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
DIV_CERT 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
R-1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(5) All Classes are per $1,000 denomination.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
A 0.00000004 0.00000000 5.32777772 0.00000000 993.24193151
M-1 0.00000000 0.00000000 5.57666667 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 5.88777823 0.00000000 1000.00000000
C 0.00000000 0.00000000 445.13432252 0.00000000 1000.00000000
P 0.00000000 0.00000000 304762.10000000 0.00000000 1000.00000000
DIV_CERT 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 7,246,380.86
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Losses 0.00
Total Deposits 7,246,380.86
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 364,635.34
Payment of Interest and Principal 6,881,745.52
Total Withdrawals (Pool Distribution Amount) 7,246,380.86
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 0.00
Servicing Fee Support 0.00
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 205,893.93
Wells Fargo Bank Minnesota, N.A. 2,058.93
PMI Insurer Fee 148,780.64
Advisor Fee 7,901.84
External Master Servicing Fee 0.00
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 364,635.34
</TABLE>
<TABLE>
<CAPTION>
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<S> <C> <C> <C> <C>
Reserve Fund 1,000.00 0.00 0.00 1,000.00
</TABLE>
<TABLE>
<CAPTION> LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENCY STATUS
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<S> <C> <C> <C> <C> <C>
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 13 0 0 13
1,349,432.92 0.00 0.00 1,349,432.92
30 Days 34 0 2 0 36
3,708,924.88 0.00 190,930.01 0.00 3,899,854.89
60 Days 5 1 8 0 14
532,316.55 204,713.46 1,451,560.13 0.00 2,188,590.14
90 Days 1 0 5 0 6
111,697.42 0.00 452,762.77 0.00 564,460.19
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 40 14 15 0 69
4,352,938.85 1,554,146.38 2,095,252.91 0.00 8,002,338.14
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 0.325000% 0.000000% 0.000000% 0.325000%
0.274821% 0.000000% 0.000000% 0.274821%
30 Days 0.850000% 0.000000% 0.050000% 0.000000% 0.900000%
0.755346% 0.000000% 0.038884% 0.000000% 0.794230%
60 Days 0.125000% 0.025000% 0.200000% 0.000000% 0.350000%
0.108410% 0.041691% 0.295620% 0.000000% 0.445720%
90 Days 0.025000% 0.000000% 0.125000% 0.000000% 0.150000%
0.022748% 0.000000% 0.092208% 0.000000% 0.114956%
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 1.000000% 0.350000% 0.375000% 0.000000% 1.725000%
0.886504% 0.316512% 0.426712% 0.000000% 1.629728%
</TABLE>
<TABLE> Delinquency Status By Groups
<CAPTION>
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<S> <C> <C> <C> <C> <C>
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 13 0 0 13
1,349,432.92 0.00 0.00 1,349,432.92
30 Days 34 0 2 0 36
3,708,924.88 0.00 190,930.01 0.00 3,899,854.89
60 Days 5 1 8 0 14
532,316.55 204,713.46 1,451,560.13 0.00 2,188,590.14
90 Days 1 0 5 0 6
111,697.42 0.00 452,762.77 0.00 564,460.19
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 40 14 15 0 69
4,352,938.85 1,554,146.38 2,095,252.91 0.00 8,002,338.14
0-29 Days 0.340047% 0.000000% 0.000000% 0.340047%
0.286491% 0.000000% 0.000000% 0.286491%
30 Days 0.889354% 0.000000% 0.052315% 0.000000% 0.941669%
0.787422% 0.000000% 0.040535% 0.000000% 0.827958%
60 Days 0.130787% 0.026157% 0.209260% 0.000000% 0.366205%
0.113013% 0.043462% 0.308173% 0.000000% 0.464648%
90 Days 0.026157% 0.000000% 0.130787% 0.000000% 0.156945%
0.023714% 0.000000% 0.096124% 0.000000% 0.119838%
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 1.046299% 0.366205% 0.392362% 0.000000% 1.804865%
0.924150% 0.329953% 0.444832% 0.000000% 1.698934%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<S> <C> <C> <C> <C> <C>
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 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
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 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
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% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
<FN>
(7) The 90 day category for delinquencies, bankruptcies, foreclosures, and REO
contains loans that are 90 days or more delinquent.
</FN>
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 0.00
Cumulative Realized Losses - Includes Interest Shortfall 0.00
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 0.00
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Mixed ARM
Weighted Average Gross Coupon 9.972590%
Weighted Average Net Coupon 9.472590%
Weighted Average Pass-Through Rate 9.087096%
Weighted Average Maturity(Stepdown Calculation ) 355
Beginning Scheduled Collateral Loan Count 4,024
Number Of Loans Paid In Full 24
Ending Scheduled Collateral Loan Count 4,000
Beginning Scheduled Collateral Balance 494,145,467.29
Ending Scheduled Collateral Balance 491,023,063.94
Ending Actual Collateral Balance at 31-Oct-2000 491,023,063.94
Monthly P &I Constant 4,337,934.98
Ending Scheduled Balance for Premium Loans 491,023,063.94
Scheduled Principal 231,343.31
Unscheduled Principal 2,891,060.04
Required Overcollateralization Amount 0.00
Overcollateralized Increase Amount 0.00
Overcollateralized reduction Amount 0.00
Specified O/C Amount 2,470,367.29
Overcollateralized Amount 2,470,367.29
Overcollateralized Deficiency Amount 0.00
Base Overcollateralized Amount 0.00
Extra principal distribution Amount 0.00
Excess Cash Amount 1,099,645.11
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
Dividend Account Deposit $13,090.43
Dividend Account Withdrawal $0.00
Dividend Account Balance $13,090.43
Credit Enhancement Percentage 6.49998%
Trigger Event No
Stepdown Date No
</TABLE>
<TABLE>
<CAPTION>
Group Level Collateral Statement
<S> <C>
Group ID 1 2 Total
Collateral Description Mixed ARM Mixed ARM
Weighted Average Coupon Rate 10.037340 10.265702
Weighted Average Net Rate 9.135768 9.760702
Weighted Average Maturity 355.00 355.00
Beginning Loan Count 3,847 177 4,024
Loans Paid In Full 24 0 24
Ending Loan Count 3,823 177 4,000
Beginning Scheduled Balance 474,110,296.32 20,035,170.97 494,145,467.29
Ending scheduled Balance 471,021,002.60 20,002,061.34 491,023,063.94
Record Date 10/31/00 10/31/00
Principal And Interest Constant 4,157,216.48 180,718.50 4,337,934.98
Scheduled Principal 222,020.73 9,322.58 231,343.31
Unscheduled Principal 2,867,272.99 23,787.05 2,891,060.04
Scheduled Interest 3,965,672.05 171,395.92 4,137,067.97
Servicing Fees 197,545.95 8,347.98 205,893.93
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 1,975.45 83.48 2,058.93
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 156,682.48 0.00 156,682.48
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 3,609,468.17 162,964.46 3,772,432.63
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
</TABLE>
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