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|---------------------------- | --------- | --------- | ------------- | ----- | ------------- |  | ----------------------- |  | -------------- |  | --------- |  |  |  | -------------- | 
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|FFMLT Trust Series 2005-FF11
|                             |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|2005 Annual Statement       
|                             |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                             |           |           |               |       |               |  | DISTRIBUTION IN DOLLARS |  |                |  |           |  | 
|                             |           |           |               |       |               |  |                         |  |                |  |           |  |  |  | ENDING BALANCE | 
|PERIOD                       |           | CLASS     |               | CUSIP |               |  | INTEREST                |  |                |  | PRINCIPAL |  | 
|200512                       | A-1       | 362341YA1 | $1,031,920.92 |       | $1,600,434.62 |  | $239,319,565.38         | 
|                             |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                             |           |           |               |       |               |  | $1,031,920.92           |  | $1,600,434.62  |  |           |  | 
|200512                       | A-2A      | 362341YB9 | $675,851.16   |       | $1,310,926.27 |  | $161,657,073.73         | 
|                             |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                             |           |           |               |       |               |  | $675,851.16             |  | $1,310,926.27  |  |           |  | 
|200512                       | A-2B      | 362341YC7 | $274,847.82   |       | $0.00         |  | $65,054,000.00          | 
|                             |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                             |           |           |               |       |               |  | $274,847.82             |  | $0.00          |  |           |  | 
|200512                       | A-2C      | 362341YD5 | $269,022.45   |       | $0.00         |  | $62,808,000.00          | 
|                             |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                             |           |           |               |       |               |  | $269,022.45             |  | $0.00          |  |           |  | 
|200512                       | A-2D      | 362341YE3 | $313,545.54   |       | $0.00         |  | $71,578,000.00          | 
|                             |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                             |           |           |               |       |               |  | $313,545.54             |  | $0.00          |  |           |  | 
|200512                       | B-1       | 362341YQ6 | $30,269.13    |       | $0.00         |  | $5,263,000.00           | 
|                             |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                             |           |           |               |       |               |  | $30,269.13              |  | $0.00          |  |           |  | 
|200512                       | B-2       | 362341YR4 | $31,670.08    |       | $0.00         |  | $4,887,000.00           | 
|                             |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                             |           |           |               |       |               |  | $31,670.08              |  | $0.00          |  |           |  | 
|200512                       | B-3       | 362341YS2 | $48,720.19    |       | $0.00         |  | $7,518,000.00           | 
|                             |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                             |           |           |               |       |               |  | $48,720.19              |  | $0.00          |  |           |  | 
|200512                       | C         | 362341YV5 | $0.00         |       | $0.00         |  | $0.00                   | 
|                             |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                             |           |           |               |       |               |  | $0.00                   |  | $0.00          |  |           |  | 
|200512                       | LT-R      | FF0511209 | $0.00         |       | $0.00         |  | $0.00                   | 
|                             |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                             |           |           |               |       |               |  | $0.00                   |  | $0.00          |  |           |  | 
|200512                       | LT-REMIC  | FF0511204 | $3,796,833.13 |       | $2,911,819.34 |  | $748,899,351.91         | 
|                             |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                             |           |           |               |       |               |  | $3,796,833.13           |  | $2,911,819.34  |  |           |  | 
|200512                       | M-1       | 362341YF0 | $208,261.19   |       | $0.00         |  | $46,612,000.00          | 
|                             |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                             |           |           |               |       |               |  | $208,261.19             |  | $0.00          |  |           |  | 
|200512                       | M-2       | 362341YG8 | $69,160.09    |       | $0.00         |  | $15,412,000.00          | 
|                             |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                             |           |           |               |       |               |  | $69,160.09              |  | $0.00          |  |           |  | 
|200512                       | M-3       | 362341YH6 | $101,442.73   |       | $0.00         |  | $21,803,000.00          | 
|                             |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                             |           |           |               |       |               |  | $101,442.73             |  | $0.00          |  |           |  | 
|200512                       | M-4       | 362341YJ2 | $44,182.88    |       | $0.00         |  | $9,398,000.00           | 
|                             |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                             |           |           |               |       |               |  | $44,182.88              |  | $0.00          |  |           |  | 
|200512                       | M-5       | 362341YK9 | $50,981.68    |       | $0.00         |  | $9,773,000.00           | 
|                             |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                             |           |           |               |       |               |  | $50,981.68              |  | $0.00          |  |           |  | 
|200512                       | M-6       | 362341YL7 | $37,268.83    |       | $0.00         |  | $6,766,000.00           | 
|                             |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                             |           |           |               |       |               |  | $37,268.83              |  | $0.00          |  |           |  | 
|200512                       | P         | 362341YU7 | $37,886.84    |       | $0.00         |  | $0.00                   | 
|                             |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                             |           |           |               |       |               |  | $37,886.84              |  | $0.00          |  |           |  | 
|200512                       | PT1-R     | FF0511207 | $0.00         |       | $0.00         |  | $0.00                   | 
|                             |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                             |           |           |               |       |               |  | $0.00                   |  | $0.00          |  |           |  | 
|200512                       | PT1-REMIC | FF0511202 | $3,796,833.13 |       | $2,911,819.34 |  | $748,899,351.91         | 
|                             |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                             |           |           |               |       |               |  | $3,796,833.13           |  | $2,911,819.34  |  |           |  | 
|200512                       | PT2-R     | FF0511208 | $0.00         |       | $0.00         |  | $0.00                   | 
|                             |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                             |           |           |               |       |               |  | $0.00                   |  | $0.00          |  |           |  | 
|200512                       | PT2-REMIC | FF0511203 | $3,796,833.13 |       | $2,911,819.34 |  | $748,899,351.91         | 
|                             |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                             |           |           |               |       |               |  | $3,796,833.13           |  | $2,911,819.34  |  |           |  | 
|200512                       | R-1       | 362341YM5 | $0.00         |       | $50.00        |  | $0.00                   | 
|                             |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                             |           |           |               |       |               |  | $0.00                   |  | $50.00         |  |           |  | 
|200512                       | R-2       | 362341YN3 | $0.00         |       | $100.00       |  | $0.00                   | 
|                             |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                             |           |           |               |       |               |  | $0.00                   |  | $100.00        |  |           |  | 
|200512                       | R-3       | 362341YP8 | $0.00         |       | $50.00        |  | $0.00                   | 
|                             |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                             |           |           |               |       |               |  | $0.00                   |  | $50.00         |  |           |  | 
|200512                       | UT-IO     | FF0511201 | $218,370.40   |       | $0.00         |  | $0.00                   | 
|                             |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                             |           |           |               |       |               |  | $218,370.40             |  | $0.00          |  |           |  | 
|200512                       | X         | 362341YT0 | $391,318.03   |       | $258.45       |  | $21,050,712.80          | 
|                             |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                             |           |           |               |       |               |  | $391,318.03             |  | $258.45        |  |           |  | 
|200512                       | X-R       | FF0511206 | $0.00         |       | $0.00         |  | $0.00                   | 
|                             |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                             |           |           |               |       |               |  | $0.00                   |  | $0.00          |  |           |  | 
|200512                       | X-REMIC   | FF0511205 | $609,688.43   |       | $258.46       |  | $21,050,712.79          | 
|                             |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                             |           |           |               |       |               |  | $609,688.43             |  | $258.46        |  |           |  | 
|                             |           |           |               |       |               |  | $15,834,907.78          |  | $11,647,535.82 |  |           |  |