0000882377-06-004207 Sample Contracts

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FINANCIAL ASSET SECURITIES CORP. First Franklin Mortgage Loan Trust 2006-FF16 Asset-Backed Certificates, Series 2006-FF16 UNDERWRITING AGREEMENT
Underwriting Agreement • December 19th, 2006 • First Franklin Mortgage Loan Trust 2006-Ff16 • Asset-backed securities • New York

Financial Asset Securities Corp., a Delaware corporation (the “Company”), proposes to sell, and Greenwich Capital Markets, Inc. (“GCM” or the “Underwriter”) proposes to purchase, the aggregate principal amount (or notional amount, as applicable) of the First Franklin Mortgage Loan Trust 2006-FF16 Asset-Backed Certificates, Class I-A1, Class II-A1, Class II-A2, Class II-A3, Class II-A4, Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8 and Class M-9 Certificates (the “Offered Certificates”) set forth opposite its name on Schedule I hereto. Only the Offered Certificates are being purchased by the Underwriter hereunder. The Offered Certificates, together with the Class C, Class P, Class R and Class R-X Certificates (collectively, the “Certificates)”, will be issued by the Company pursuant to a Pooling and Servicing Agreement (the “Pooling Agreement”), dated as of November 1, 2006, among the Company, as depositor (the “Depositor”), National City Home Lo

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