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|--------------------------- | ------ | --------- | ------------- | ----- | -------------- |  | ----------------------- |  | --------------- |  | --------- |  |  |  | -------------- | 
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|                            |        |           |               |       |               
|FFMLT Trust Series 2005-FFA
|                            |        |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|2005 Annual Statement      
|                            |        |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                            |        |           |               |       |                |  | DISTRIBUTION IN DOLLARS |  |                 |  |           |  | 
|                            |        |           |               |       |                |  |                         |  |                 |  |           |  |  |  | ENDING BALANCE | 
|PERIOD                      |        | CLASS     |               | CUSIP |                |  | INTEREST                |  |                 |  | PRINCIPAL |  | 
|200508                      | A-1    | 362341HA0 | $1,061,905.37 |       | $10,934,896.60 |  | $289,752,103.40         | 
|200509                      | A-1    | 362341HA0 | $989,342.46   |       | $15,511,704.01 |  | $274,240,399.39         | 
|200510                      | A-1    | 362341HA0 | $890,290.99   |       | $14,974,049.80 |  | $259,266,349.59         | 
|200511                      | A-1    | 362341HA0 | $946,052.11   |       | $16,864,922.17 |  | $242,401,427.42         | 
|200512                      | A-1    | 362341HA0 | $946,173.57   |       | $19,357,447.24 |  | $223,043,980.18         | 
|                            |        |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                            |        |           |               |       |                |  | $4,833,764.50           |  | $77,643,019.82  |  |           |  | 
|200508                      | A-2A   | 362341HB8 | $504,329.49   |       | $8,672,871.63  |  | $137,760,128.37         | 
|200509                      | A-2A   | 362341HB8 | $459,353.49   |       | $12,302,907.15 |  | $125,457,221.22         | 
|200510                      | A-2A   | 362341HB8 | $398,187.28   |       | $11,876,473.67 |  | $113,580,747.55         | 
|200511                      | A-2A   | 362341HB8 | $405,648.91   |       | $13,376,194.61 |  | $100,204,552.94         | 
|200512                      | A-2A   | 362341HB8 | $383,115.41   |       | $15,353,108.59 |  | $84,851,444.35          | 
|                            |        |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                            |        |           |               |       |                |  | $2,150,634.58           |  | $61,581,555.65  |  |           |  | 
|200508                      | A-2B   | 362341HC6 | $331,358.84   |       | $0.00          |  | $92,053,000.00          | 
|200509                      | A-2B   | 362341HC6 | $320,037.60   |       | $0.00          |  | $92,053,000.00          | 
|200510                      | A-2B   | 362341HC6 | $304,030.60   |       | $0.00          |  | $92,053,000.00          | 
|200511                      | A-2B   | 362341HC6 | $341,446.31   |       | $0.00          |  | $92,053,000.00          | 
|200512                      | A-2B   | 362341HC6 | $365,041.29   |       | $0.00          |  | $92,053,000.00          | 
|                            |        |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                            |        |           |               |       |                |  | $1,661,914.64           |  | $0.00           |  |           |  | 
|200508                      | B-1    | 362341HH5 | $77,259.53    |       | $0.00          |  | $15,553,000.00          | 
|200509                      | B-1    | 362341HH5 | $77,259.53    |       | $0.00          |  | $15,553,000.00          | 
|200510                      | B-1    | 362341HH5 | $77,259.53    |       | $0.00          |  | $15,553,000.00          | 
|200511                      | B-1    | 362341HH5 | $77,259.53    |       | $0.00          |  | $15,553,000.00          | 
|200512                      | B-1    | 362341HH5 | $77,259.53    |       | $0.00          |  | $15,553,000.00          | 
|                            |        |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                            |        |           |               |       |                |  | $386,297.65             |  | $0.00           |  |           |  | 
|200508                      | B-2    | 362341HJ1 | $56,563.33    |       | $0.00          |  | $11,109,000.00          | 
|200509                      | B-2    | 362341HJ1 | $56,563.33    |       | $0.00          |  | $11,109,000.00          | 
|200510                      | B-2    | 362341HJ1 | $56,563.33    |       | $0.00          |  | $11,109,000.00          | 
|200511                      | B-2    | 362341HJ1 | $56,563.33    |       | $0.00          |  | $11,109,000.00          | 
|200512                      | B-2    | 362341HJ1 | $56,563.33    |       | $0.00          |  | $11,109,000.00          | 
|                            |        |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                            |        |           |               |       |                |  | $282,816.65             |  | $0.00           |  |           |  | 
|200508                      | B-3    | 362341HK8 | $78,311.75    |       | $0.00          |  | $14,442,000.00          | 
|200509                      | B-3    | 362341HK8 | $78,311.75    |       | $0.00          |  | $14,442,000.00          | 
|200510                      | B-3    | 362341HK8 | $78,311.75    |       | $0.00          |  | $14,442,000.00          | 
|200511                      | B-3    | 362341HK8 | $78,311.75    |       | $0.00          |  | $14,442,000.00          | 
|200512                      | B-3    | 362341HK8 | $78,311.75    |       | $0.00          |  | $14,442,000.00          | 
|                            |        |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                            |        |           |               |       |                |  | $391,558.75             |  | $0.00           |  |           |  | 
|200508                      | B-4    | 362341HX0 | $59,250.00    |       | $0.00          |  | $11,850,000.00          | 
|200509                      | B-4    | 362341HX0 | $59,250.00    |       | $0.00          |  | $11,850,000.00          | 
|200510                      | B-4    | 362341HX0 | $59,250.00    |       | $0.00          |  | $11,850,000.00          | 
|200511                      | B-4    | 362341HX0 | $59,250.00    |       | $0.00          |  | $11,850,000.00          | 
|200512                      | B-4    | 362341HX0 | $59,250.00    |       | $0.00          |  | $11,850,000.00          | 
|                            |        |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                            |        |           |               |       |                |  | $296,250.00             |  | $0.00           |  |           |  | 
|200508                      | B-5    | 362341HY8 | $37,030.00    |       | $0.00          |  | $7,406,000.00           | 
|200509                      | B-5    | 362341HY8 | $37,030.00    |       | $0.00          |  | $7,406,000.00           | 
|200510                      | B-5    | 362341HY8 | $37,030.00    |       | $0.00          |  | $7,406,000.00           | 
|200511                      | B-5    | 362341HY8 | $37,030.00    |       | $0.00          |  | $7,406,000.00           | 
|200512                      | B-5    | 362341HY8 | $37,030.00    |       | $0.00          |  | $7,406,000.00           | 
|                            |        |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                            |        |           |               |       |                |  | $185,150.00             |  | $0.00           |  |           |  | 
|200508                      | LT-R   | FF050A102 | $0.00         |       | $0.00          |  | $0.00                   | 
|200509                      | LT-R   | FF050A102 | $0.00         |       | $0.00          |  | $0.00                   | 
|200510                      | LT-R   | FF050A102 | $0.00         |       | $0.00          |  | $0.00                   | 
|200511                      | LT-R   | FF050A102 | $0.00         |       | $0.00          |  | $0.00                   | 
|200512                      | LT-R   | FF050A102 | $0.00         |       | $0.00          |  | $0.00                   | 
|                            |        |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                            |        |           |               |       |                |  | $0.00                   |  | $0.00           |  |           |  | 
|200508                      | M-1    | 362341HD4 | $269,552.19   |       | $0.00          |  | $69,618,000.00          | 
|200509                      | M-1    | 362341HD4 | $259,365.73   |       | $0.00          |  | $69,618,000.00          | 
|200510                      | M-1    | 362341HD4 | $245,635.51   |       | $0.00          |  | $69,618,000.00          | 
|200511                      | M-1    | 362341HD4 | $275,015.27   |       | $0.00          |  | $69,618,000.00          | 
|200512                      | M-1    | 362341HD4 | $293,401.19   |       | $0.00          |  | $69,618,000.00          | 
|                            |        |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                            |        |           |               |       |                |  | $1,342,969.89           |  | $0.00           |  |           |  | 
|200508                      | M-2    | 362341HE2 | $184,160.75   |       | $0.00          |  | $40,364,000.00          | 
|200509                      | M-2    | 362341HE2 | $184,160.75   |       | $0.00          |  | $40,364,000.00          | 
|200510                      | M-2    | 362341HE2 | $184,160.75   |       | $0.00          |  | $40,364,000.00          | 
|200511                      | M-2    | 362341HE2 | $184,160.75   |       | $0.00          |  | $40,364,000.00          | 
|200512                      | M-2    | 362341HE2 | $184,160.75   |       | $0.00          |  | $40,364,000.00          | 
|                            |        |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                            |        |           |               |       |                |  | $920,803.75             |  | $0.00           |  |           |  | 
|200508                      | M-3    | 362341HF9 | $74,911.67    |       | $0.00          |  | $16,294,000.00          | 
|200509                      | M-3    | 362341HF9 | $74,911.67    |       | $0.00          |  | $16,294,000.00          | 
|200510                      | M-3    | 362341HF9 | $74,911.67    |       | $0.00          |  | $16,294,000.00          | 
|200511                      | M-3    | 362341HF9 | $74,911.67    |       | $0.00          |  | $16,294,000.00          | 
|200512                      | M-3    | 362341HF9 | $74,911.67    |       | $0.00          |  | $16,294,000.00          | 
|                            |        |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                            |        |           |               |       |                |  | $374,558.35             |  | $0.00           |  |           |  | 
|200508                      | M-4    | 362341HG7 | $69,300.15    |       | $0.00          |  | $14,813,000.00          | 
|200509                      | M-4    | 362341HG7 | $69,300.15    |       | $0.00          |  | $14,813,000.00          | 
|200510                      | M-4    | 362341HG7 | $69,300.15    |       | $0.00          |  | $14,813,000.00          | 
|200511                      | M-4    | 362341HG7 | $69,300.15    |       | $0.00          |  | $14,813,000.00          | 
|200512                      | M-4    | 362341HG7 | $69,300.15    |       | $0.00          |  | $14,813,000.00          | 
|                            |        |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                            |        |           |               |       |                |  | $346,500.75             |  | $0.00           |  |           |  | 
|200508                      | P      | 362341HN2 | $255,159.95   |       | $0.00          |  | $0.00                   | 
|200509                      | P      | 362341HN2 | $366,716.26   |       | $0.00          |  | $0.00                   | 
|200510                      | P      | 362341HN2 | $376,465.65   |       | $0.00          |  | $0.00                   | 
|200511                      | P      | 362341HN2 | $421,172.01   |       | $0.00          |  | $0.00                   | 
|200512                      | P      | 362341HN2 | $464,167.81   |       | $0.00          |  | $0.00                   | 
|                            |        |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                            |        |           |               |       |                |  | $1,883,681.68           |  | $0.00           |  |           |  | 
|200508                      | R-1    | 362341HP7 | $0.00         |       | $0.00          |  | $0.00                   | 
|200509                      | R-1    | 362341HP7 | $0.00         |       | $0.00          |  | $0.00                   | 
|200510                      | R-1    | 362341HP7 | $0.00         |       | $0.00          |  | $0.00                   | 
|200511                      | R-1    | 362341HP7 | $0.00         |       | $0.00          |  | $0.00                   | 
|200512                      | R-1    | 362341HP7 | $0.00         |       | $0.00          |  | $0.00                   | 
|                            |        |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                            |        |           |               |       |                |  | $0.00                   |  | $0.00           |  |           |  | 
|200508                      | R-2    | 362341HW2 | $0.00         |       | $0.00          |  | $0.00                   | 
|200509                      | R-2    | 362341HW2 | $0.00         |       | $0.00          |  | $0.00                   | 
|200510                      | R-2    | 362341HW2 | $0.00         |       | $0.00          |  | $0.00                   | 
|200511                      | R-2    | 362341HW2 | $0.00         |       | $0.00          |  | $0.00                   | 
|200512                      | R-2    | 362341HW2 | $0.00         |       | $0.00          |  | $0.00                   | 
|                            |        |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                            |        |           |               |       |                |  | $0.00                   |  | $0.00           |  |           |  | 
|200508                      | REMIC1 | FF050A101 | $5,493,081.96 |       | $16,918,619.34 |  | $723,682,054.46         | 
|200509                      | REMIC1 | FF050A101 | $5,398,228.20 |       | $25,081,269.43 |  | $698,491,169.96         | 
|200510                      | REMIC1 | FF050A101 | $5,186,290.32 |       | $24,139,164.72 |  | $674,245,350.08         | 
|200511                      | REMIC1 | FF050A101 | $5,001,242.78 |       | $27,844,823.78 |  | $646,100,492.83         | 
|200512                      | REMIC1 | FF050A101 | $4,799,217.37 |       | $32,535,857.10 |  | $613,443,877.35         | 
|                            |        |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                            |        |           |               |       |                |  | $25,878,060.63          |  | $126,519,734.37 |  |           |  | 
|200508                      | X      | 362341HL6 | $0.00         |       | $0.00          |  | $2,667,822.69           | 
|200509                      | X      | 362341HL6 | $0.00         |       | $0.00          |  | $5,291,549.35           | 
|200510                      | X      | 362341HL6 | $0.00         |       | $0.00          |  | $7,896,252.94           | 
|200511                      | X      | 362341HL6 | $0.00         |       | $0.00          |  | $9,992,512.47           | 
|200512                      | X      | 362341HL6 | $0.00         |       | $0.00          |  | $12,046,452.82          | 
|                            |        |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                            |        |           |               |       |                |  | $0.00                   |  | $0.00           |  |           |  | 
|200508                      | X-1    | 362341HM4 | $0.00         |       | $0.00          |  | $0.00                   | 
|200509                      | X-1    | 362341HM4 | $0.00         |       | $0.00          |  | $0.00                   | 
|200510                      | X-1    | 362341HM4 | $0.00         |       | $0.00          |  | $0.00                   | 
|200511                      | X-1    | 362341HM4 | $0.00         |       | $0.00          |  | $0.00                   | 
|200512                      | X-1    | 362341HM4 | $0.00         |       | $0.00          |  | $0.00                   | 
|                            |        |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                            |        |           |               |       |                |  | $0.00                   |  | $0.00           |  |           |  | 
|                            |        |           |               |       |                |  | $40,934,961.82          |  | $265,744,309.84 |  |           |  |