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Previous: FINANCIAL ASSET SEC CORP FIRST FRANKLIN MORT LN TR 2000 FF1, 8-K, 2001-01-08 |
Next: BBIS COM INC, SB-2, 2001-01-08 |
<TABLE>
<CAPTION>
First Franklin Mortgage Loan Trust
Mortgage Pass-Through Certificates
Record Date: 11/30/2000
Distribution Date: 12/26/2000
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 6.84750% 458,903,596.65 2,531,331.36 3,916,463.87
M-1 32027NAB7 SUB 7.16750% 22,236,000.00 128,386.65 0.00
M-2 32027NAC5 SUB 7.56750% 7,413,000.00 45,189.96 0.00
C FFM00FF1C SUB 0.00000% 2,470,367.29 998,458.11 0.00
P FFM00FF1P SEN 0.00000% 100.00 105,090.99 0.00
DIV_CERT FFM00FF1D SEN 0.00000% 0.00 611.79 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 491,023,063.94 3,809,068.86 3,916,463.87
</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 0.00 454,987,132.78 6,447,795.23 0.00
M-1 0.00 22,236,000.00 128,386.65 0.00
M-2 0.00 7,413,000.00 45,189.96 0.00
C 0.00 2,470,367.29 998,458.11 0.00
P 0.00 100.00 105,090.99 0.00
DIV_CERT 0.00 0.00 611.79 0.00
R-1 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00
Totals 0.00 487,106,600.07 7,725,532.73 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 462,026,000.00 458,903,596.65 0.00 3,916,463.87 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 494,145,467.29 491,023,063.94 0.00 3,916,463.87 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 3,916,463.87 454,987,132.78 0.98476521 3,916,463.87
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 3,916,463.87 487,106,600.07 0.98575548 3,916,463.87
</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 462,026,000.00 993.24193151 0.00000000 8.47671748 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 8.47671748 984.76521404 0.98476521 8.47671748
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 6.84750% 458,903,596.65 2,531,331.36 0.00 0.00
M-1 22,236,000.00 7.16750% 22,236,000.00 128,386.65 0.00 0.00
M-2 7,413,000.00 7.56750% 7,413,000.00 45,189.96 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 2,704,907.97 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 0.00 0.00 2,531,331.36 0.00 454,987,132.78
M-1 0.00 0.00 128,386.65 0.00 22,236,000.00
M-2 0.00 0.00 45,189.96 0.00 7,413,000.00
C 0.00 0.00 998,458.11 0.00 2,470,367.29
P 0.00 0.00 105,090.99 0.00 100.00
DIV_CERT 0.00 0.00 611.79 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 0.00 0.00 3,809,068.86 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 6.84750% 993.24193151 5.47876388 0.00000000 0.00000000
M-1 22,236,000.00 7.16750% 1000.00000000 5.77381948 0.00000000 0.00000000
M-2 7,413,000.00 7.56750% 1000.00000000 6.09604209 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 0.00000000 0.00000000 5.47876388 0.00000000 984.76521404
M-1 0.00000000 0.00000000 5.77381948 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 6.09604209 0.00000000 1000.00000000
C 0.00000000 0.00000000 404.17395180 0.00000000 1000.00000000
P 0.00000000 0.00000000 1050909.90000000 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 8,087,914.73
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 8,087,914.73
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 362,382.00
Payment of Interest and Principal 7,725,532.73
Total Withdrawals (Pool Distribution Amount) 8,087,914.73
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 204,592.97
Wells Fargo Bank Minnesota, N.A. 2,046.64
PMI Insurer Fee 147,892.37
Advisor Fee 7,850.02
External Master Servicing Fee 0.00
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 362,382.00
</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 14 0 0 14
1,640,883.52 0.00 0.00 1,640,883.52
30 Days 51 3 0 0 54
5,920,757.20 328,056.22 0.00 0.00 6,248,813.42
60 Days 4 0 15 0 19
351,443.86 0.00 1,832,166.22 0.00 2,183,610.08
90 Days 3 1 18 0 22
249,888.71 204,613.77 2,481,805.80 0.00 2,936,308.28
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 58 18 33 0 109
6,522,089.77 2,173,553.51 4,313,972.02 0.00 13,009,615.30
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 0.352290% 0.000000% 0.000000% 0.352290%
0.336863% 0.000000% 0.000000% 0.336863%
30 Days 1.283342% 0.075491% 0.000000% 0.000000% 1.358832%
1.215495% 0.067348% 0.000000% 0.000000% 1.282843%
60 Days 0.100654% 0.000000% 0.377453% 0.000000% 0.478108%
0.072149% 0.000000% 0.376132% 0.000000% 0.448282%
90 Days 0.075491% 0.025164% 0.452944% 0.000000% 0.553598%
0.051301% 0.042006% 0.509500% 0.000000% 0.602806%
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 1.459487% 0.452944% 0.830398% 0.000000% 2.742828%
1.338945% 0.446217% 0.885632% 0.000000% 2.670794%
</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 14 0 0 14
1,640,883.52 0.00 0.00 1,640,883.52
30 Days 51 3 0 0 54
5,920,757.20 328,056.22 0.00 0.00 6,248,813.42
60 Days 4 0 15 0 19
351,443.86 0.00 1,832,166.22 0.00 2,183,610.08
90 Days 3 1 18 0 22
249,888.71 204,613.77 2,481,805.80 0.00 2,936,308.28
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 58 18 33 0 109
6,522,089.77 2,173,553.51 4,313,972.02 0.00 13,009,615.30
0-29 Days 0.368615% 0.000000% 0.000000% 0.368615%
0.351157% 0.000000% 0.000000% 0.351157%
30 Days 1.342812% 0.078989% 0.000000% 0.000000% 1.421801%
1.267070% 0.070206% 0.000000% 0.000000% 1.337275%
60 Days 0.105319% 0.000000% 0.394945% 0.000000% 0.500263%
0.075211% 0.000000% 0.392092% 0.000000% 0.467303%
90 Days 0.078989% 0.026330% 0.473934% 0.000000% 0.579252%
0.053477% 0.043788% 0.531118% 0.000000% 0.628384%
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 1.527120% 0.473934% 0.868878% 0.000000% 2.869932%
1.395757% 0.465151% 0.923210% 0.000000% 2.784118%
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%
</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 7,392.76
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Mixed ARM
Weighted Average Gross Coupon 9.968160%
Weighted Average Net Coupon 9.468160%
Weighted Average Pass-Through Rate 9.082543%
Weighted Average Maturity(Stepdown Calculation ) 354
Beginning Scheduled Collateral Loan Count 4,000
Number Of Loans Paid In Full 26
Ending Scheduled Collateral Loan Count 3,974
Beginning Scheduled Collateral Balance 491,023,063.94
Ending Scheduled Collateral Balance 487,106,600.07
Ending Actual Collateral Balance at 30-Nov-2000 487,106,600.07
Monthly P &I Constant 4,415,974.37
Ending Scheduled Balance for Premium Loans 487,106,600.07
Scheduled Principal 232,052.79
Unscheduled Principal 3,684,411.08
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 998,458.11
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
Dividend Account Deposit $13,082.95
Dividend Account Withdrawal 611.79
Dividend Account Balance $25,561.59
Credit Enhancement Percentage 6.54132%
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 10.223279 10.265281
Weighted Average Net Rate 9.321500 9.760281
Weighted Average Maturity 354.00 354.00
Beginning Loan Count 3,823 177 4,000
Loans Paid In Full 25 1 26
Ending Loan Count 3,798 176 3,974
Beginning Scheduled Balance 471,021,002.60 20,002,061.34 491,023,063.94
Ending scheduled Balance 467,279,591.47 19,827,008.60 487,106,600.07
Record Date 11/30/2000 11/30/2000
Principal And Interest Constant 4,235,472.46 180,501.91 4,415,974.37
Scheduled Principal 222,656.53 9,396.26 232,052.79
Unscheduled Principal 3,518,754.60 165,656.48 3,684,411.08
Scheduled Interest 4,012,815.93 171,105.65 4,183,921.58
Servicing Fees 196,258.75 8,334.19 204,592.94
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 1,962.59 83.34 2,045.93
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 155,742.68 0.00 155,742.68
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 3,658,851.91 162,688.12 3,821,540.03
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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