UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report Pursuant To Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 27, 2005 (Date of earliest event reported) Financial Asset Securities Corp. (as Depositor under the Sale and Servicing Agreement, dated as March 30, 2005, providing for the issuance of Greenpoint Mortgage Funding Trust 2005-HE1 Asset-Backed Certificates, Series 2005-HE1) (Exact name of registrant as specified in charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-121661-09 06-1442101 (Commission File Number) (I.R.S. Employer Identification No.) 600 Steamboat Road Greenwich, Connecticut 06830 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (203) 625-2700 (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b)) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 8.01 Other Events Attached hereto is a copy of the Monthly Remittance Statements to the Certificateholders which was derived from the monthly information submitted by the Master Servicer of the Trust to the Trustee. Item 9.01 Financial Statements and Exhibits (c) Exhibits: Exhibit No. Description 99.1 Monthly Remittance Statement to the Certificateholders dated as of June 27, 2005. Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. Deutsche Bank National Trust Company, in its capacity as Indenture Trustee under the Sale and Servicing Agreement on behalf of Financial Asset Securities Corp., Registrant Date: Jun 30, 2005 By: /s/ Katherine M. Wannenmacher Katherine M. Wannenmacher Vice President EXHIBIT INDEX DOCUMENT 99.1 Monthly Remittance Statement to the Certificateholders dated as of June 27, 2005.

	Greenpoint Mortgage Funding Trust 2005-HE1
	Asset Backed Certificates
	June 27, 2005 Distribution
	Contents
			TABLE OF CONTENTS
								Page
			1.	Contents				1
			2.	Certificate Payment Report				2
			3.	Collection Account Report				4
			4.	Credit Enhancement Report				7
			5.	Collateral Report				8
			6.	Delinquency Report				11
			7.	REO Report				12
			8.	Foreclosure Report				13
			9.	Prepayment Report				14
			10.	Prepayment Detail Report				17
			11.	Realized Loss Report				27
			12.	Realized Loss Detail Report				30
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				31
			14.	Other Related Information				32
				Total Number of Pages				32
			CONTACTS
				Administrator: Nicholas Gisler
				Direct Phone Number: (714)247-6268
				Address: Deutsche Bank
				1761 E. St. Andrew Place, Santa Ana, CA 92705
				Web Site: https://www.tss.db.com/invr
				Factor Information: (800) 735-7777
				Main Phone Number: (714) 247-6000
ISSUANCE INFORMATION
	Seller:		Greenwich Capital Financial Products, In					Cut-Off Date: March 1, 2005
	Certificate Insurer(s):							Closing Date: March 30, 2005
								First Payment Date: April 25, 2005
	Servicer(s):		Greenpoint Mortgage Master Servicer
								Distribution Date: June 27, 2005
	Underwriter(s):		Greenwich Capital Markets Underwriter					Record Date: June 24, 2005
			Greenwich Capital Markets
						Page 1 of 32					© COPYRIGHT 2005 Deutsche Bank
	Greenpoint Mortgage Funding Trust 2005-HE1
	Asset Backed Certificates
	REMIC II
	Certificate Payment Report for June 27, 2005 Distribution
	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)
A-1A	FLT, STEP	387,000,000.00			345,853,424.88	998,651.76	26,484,462.73	27,483,114.49	-	-	319,368,962.15
A-1B	FLT, STEP	75,000,000.00			67,025,857.53	193,229.96	5,132,647.82	5,325,877.78	-	-	61,893,209.71
A-2	FLT, STEP	112,000,000.00			112,000,000.00	327,506.67	-	327,506.67	-	-	112,000,000.00
A-3	FLT, STEP	195,000,000.00			195,000,000.00	582,725.00	-	582,725.00	-	-	195,000,000.00
A-4	FLT, STEP	73,664,000.00			73,664,000.00	224,859.36	-	224,859.36	-	-	73,664,000.00
A-5	FLT, STEP	23,940,000.00			23,940,000.00	74,393.55	-	74,393.55	-	-	23,940,000.00
M-1	MEZ, STEP	73,414,000.00			73,414,000.00	234,863.62	-	234,863.62	-	-	73,414,000.00
M-2	MEZ, STEP	13,832,000.00			13,832,000.00	44,884.84	-	44,884.84	-	-	13,832,000.00
M-3	MEZ, STEP	21,811,000.00			21,811,000.00	73,775.71	-	73,775.71	-	-	21,811,000.00
M-4	MEZ, STEP	19,683,000.00			19,683,000.00	68,021.17	-	68,021.17	-	-	19,683,000.00
M-5	MEZ, STEP	10,640,000.00			10,640,000.00	37,257.73	-	37,257.73	-	-	10,640,000.00
M-6	MEZ, STEP	10,640,000.00			10,640,000.00	41,841.80	-	41,841.80	-	-	10,640,000.00
M-7	MEZ, STEP	12,236,000.00			12,236,000.00	54,847.87	-	54,847.87	-	-	12,236,000.00
M-8	MEZ, STEP	9,044,000.00			9,044,000.00	52,560.71	-	52,560.71	-	-	9,044,000.00
B-1	SUB, STEP	10,108,000.00			10,108,000.00	58,744.33	-	58,744.33	-	-	10,108,000.00
B-2	SUB, STEP	5,320,000.00			5,320,000.00	30,918.07	-	30,918.07	-	-	5,320,000.00
B-3	SUB, STEP	5,320,000.00			5,320,000.00	30,918.07	-	30,918.07	-	-	5,320,000.00
C	R	5,319,446.67			5,319,857.23	655,719.78	-	655,719.78	-	-	5,319,857.23
G	R	-			-	-	-	-	-	-	-
R	R	-			-	-	-	-	-	-	-
RX	R	-			-	-	-	-	-	-	-
Total		1,063,971,446.67			1,014,851,139.64	3,785,720.00	31,617,110.55	35,402,830.55	-	-	983,234,029.09
	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)
A-1A	05/25/05	06/26/05		A-Act/360	39538WAA6	387,000,000.00	893.678100	2.580496	68.435304	71.015800	825.242796
A-1B	05/25/05	06/26/05		A-Act/360	39538WAT5	75,000,000.00	893.678100	2.576399	68.435304	71.011704	825.242796
A-2	05/25/05	06/26/05		A-Act/360	39538WAB4	112,000,000.00	1,000.000000	2.924167	-	2.924167	1,000.000000
A-3	05/25/05	06/26/05		A-Act/360	39538WAC2	195,000,000.00	1,000.000000	2.988333	-	2.988333	1,000.000000
A-4	05/25/05	06/26/05		A-Act/360	39538WAD0	73,664,000.00	1,000.000000	3.052500	-	3.052500	1,000.000000
A-5	05/25/05	06/26/05		A-Act/360	39538WAE8	23,940,000.00	1,000.000000	3.107500	-	3.107500	1,000.000000
M-1	05/25/05	06/26/05		A-Act/360	39538WAF5	73,414,000.00	1,000.000000	3.199167	-	3.199167	1,000.000000
M-2	05/25/05	06/26/05		A-Act/360	39538WAG3	13,832,000.00	1,000.000000	3.245000	-	3.245000	1,000.000000
M-3	05/25/05	06/26/05		A-Act/360	39538WAH1	21,811,000.00	1,000.000000	3.382500	-	3.382500	1,000.000000
M-4	05/25/05	06/26/05		A-Act/360	39538WAJ7	19,683,000.00	1,000.000000	3.455833	-	3.455833	1,000.000000
M-5	05/25/05	06/26/05		A-Act/360	39538WAK4	10,640,000.00	1,000.000000	3.501666	-	3.501666	1,000.000000
M-6	05/25/05	06/26/05		A-Act/360	39538WAL2	10,640,000.00	1,000.000000	3.932500	-	3.932500	1,000.000000
M-7	05/25/05	06/26/05		A-Act/360	39538WAM0	12,236,000.00	1,000.000000	4.482500	-	4.482500	1,000.000000
M-8	05/25/05	06/26/05		A-Act/360	39538WAN8	9,044,000.00	1,000.000000	5.811666	-	5.811666	1,000.000000
B-1	05/25/05	06/26/05		A-Act/360	39538WAP3	10,108,000.00	1,000.000000	5.811667	-	5.811667	1,000.000000
B-2	05/25/05	06/26/05		A-Act/360	39538WAQ1	5,320,000.00	1,000.000000	5.811667	-	5.811667	1,000.000000
B-3	05/25/05	06/26/05		A-Act/360	39538WAR9	5,320,000.00	1,000.000000	5.811667	-	5.811667	1,000.000000
C				-		5,319,446.67	1,000.077181	123.268419	-	123.268419	1,000.077181
G				-		-	-	-	-	-	-
R				-	39538WAS7	-	-	-	-	-	-
RX				-		-	-	-	-	-	-
							Page 2 of 32				© COPYRIGHT 2005 Deutsche Bank
	Greenpoint Mortgage Funding Trust 2005-HE1
	Asset Backed Certificates
	REMIC II
	Certificate Payment Report for June 27, 2005 Distribution
	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)
A-1A	387,000,000.00		2,757,198.02		54,208,848.19	13,422,189.66	67,631,037.85	70,388,235.87	-	-	319,368,962.15
A-1B	75,000,000.00		533,465.30		10,505,590.74	2,601,199.55	13,106,790.29	13,640,255.59	-	-	61,893,209.71
A-2	112,000,000.00		857,328.89		-	-	-	857,328.89	-	-	112,000,000.00
A-3	195,000,000.00		1,526,416.67		-	-	-	1,526,416.67	-	-	195,000,000.00
A-4	73,664,000.00		589,373.38		-	-	-	589,373.38	-	-	73,664,000.00
A-5	23,940,000.00		195,091.05		-	-	-	195,091.05	-	-	23,940,000.00
M-1	73,414,000.00		616,412.49		-	-	-	616,412.49	-	-	73,414,000.00
M-2	13,832,000.00		117,848.64		-	-	-	117,848.64	-	-	13,832,000.00
M-3	21,811,000.00		193,917.97		-	-	-	193,917.97	-	-	21,811,000.00
M-4	19,683,000.00		178,891.14		-	-	-	178,891.14	-	-	19,683,000.00
M-5	10,640,000.00		98,018.04		-	-	-	98,018.04	-	-	10,640,000.00
M-6	10,640,000.00		110,381.13		-	-	-	110,381.13	-	-	10,640,000.00
M-7	12,236,000.00		145,088.37		-	-	-	145,088.37	-	-	12,236,000.00
M-8	9,044,000.00		139,659.45		-	-	-	139,659.45	-	-	9,044,000.00
B-1	10,108,000.00		156,089.99		-	-	-	156,089.99	-	-	10,108,000.00
B-2	5,320,000.00		82,152.63		-	-	-	82,152.63	-	-	5,320,000.00
B-3	5,320,000.00		82,152.63		-	-	-	82,152.63	-	-	5,320,000.00
C	5,319,446.67		2,047,484.07		-	-	-	2,047,484.07	-	410.56	5,319,857.23
G	-		-		-	-	-	-	-	-	-
R	-		-		-	-	-	-	-	-	-
RX	-		-		-	-	-	-	-	-	-
Total	1,063,971,446.67		10,426,969.86		64,714,438.93	16,023,389.21	80,737,828.14	91,164,798.00	-	410.56	983,234,029.09
	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)
A-1A	3.15000%	345,853,424.88			998,651.76	-	-	-	998,651.76	998,651.76	-
A-1B	3.14500%	67,025,857.53			193,229.96	-	-	-	193,229.96	193,229.96	-
A-2	3.19000%	112,000,000.00			327,506.67	-	-	-	327,506.67	327,506.67	-
A-3	3.26000%	195,000,000.00			582,725.00	-	-	-	582,725.00	582,725.00	-
A-4	3.33000%	73,664,000.00			224,859.36	-	-	-	224,859.36	224,859.36	-
A-5	3.39000%	23,940,000.00			74,393.55	-	-	-	74,393.55	74,393.55	-
M-1	3.49000%	73,414,000.00			234,863.62	-	-	-	234,863.62	234,863.62	-
M-2	3.54000%	13,832,000.00			44,884.84	-	-	-	44,884.84	44,884.84	-
M-3	3.69000%	21,811,000.00			73,775.71	-	-	-	73,775.71	73,775.71	-
M-4	3.77000%	19,683,000.00			68,021.17	-	-	-	68,021.17	68,021.17	-
M-5	3.82000%	10,640,000.00			37,257.73	-	-	-	37,257.73	37,257.73	-
M-6	4.29000%	10,640,000.00			41,841.80	-	-	-	41,841.80	41,841.80	-
M-7	4.89000%	12,236,000.00			54,847.87	-	-	-	54,847.87	54,847.87	-
M-8	6.34000%	9,044,000.00			52,560.71	-	-	-	52,560.71	52,560.71	-
B-1	6.34000%	10,108,000.00			58,744.33	-	-	-	58,744.33	58,744.33	-
B-2	6.34000%	5,320,000.00			30,918.07	-	-	-	30,918.07	30,918.07	-
B-3	6.34000%	5,320,000.00			30,918.07	-	-	-	30,918.07	30,918.07	-
C	1.41659%	5,319,857.23			655,719.78	-	-	-	655,719.78	655,719.78	-
G		-			-	-	-	-	-	-	-
R		-			-	-	-	-	-	-	-
RX		-			-	-	-	-	-	-	-
Total		1,014,851,139.64			3,785,720.00	-	-	-	3,785,720.00	3,785,720.00	-
							Page 3 of 32				© COPYRIGHT 2005 Deutsche Bank
	Greenpoint Mortgage Funding Trust 2005-HE1
	Asset Backed Certificates
	Collection Account Report for June 27, 2005 Distribution
	Collection Account Report
SUMMARY								TOTAL
	Principal Collections							31,599,806.62
	Principal Other Accounts							0.00
	TOTAL NET PRINCIPAL							31,599,806.62
	Interest Collections							4,088,658.86
	Interest Withdrawals							0.00
	Interest Other Accounts							0.00
	Interest Fees							(285,634.93)
	TOTAL NET INTEREST							3,803,023.93
	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION							35,402,830.55
PRINCIPAL - COLLECTIONS								TOTAL
	Scheduled Principal Received							5,185,006.00
	Prepayments In Full							32,690,955.99
	Curtailments							0.00
	Liquidations							58,500.00
	Insurance Principal							0.00
	Repurchased Principal Amounts							0.00
	Other Principal							(7,529,947.69)
	Total Realized Loss Of Principal							(17,303.93)
	Delinquent Principal							0.00
	Advanced Principal							0.00
	TOTAL PRINCIPAL COLLECTED							31,599,806.62
				Page 4 of 32				© COPYRIGHT 2005 Deutsche Bank
	Greenpoint Mortgage Funding Trust 2005-HE1
	Asset Backed Certificates
	Collection Account Report for June 27, 2005 Distribution
	Collection Account Report
PRINCIPAL - WITHDRAWALS								TOTAL
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS								TOTAL
	TOTAL OTHER ACCOUNTS PRINCIPAL							0.00
INTEREST - COLLECTIONS								TOTAL
	Scheduled Interest							4,088,256.67
	Liquidation Interest							402.19
	Repurchased Interest							0.00
	Insurance Interest							0.00
	Capitalized Interest							0.00
	Relief Act Interest Shortfalls							0.00
	Prepayment Interest Shortfalls							(120,229.63)
	Compensating Interest							120,229.63
	Delinquent Interest							0.00
	Interest Advanced							0.00
	TOTAL INTEREST COLLECTED							4,088,658.86
				Page 5 of 32				© COPYRIGHT 2005 Deutsche Bank
	Greenpoint Mortgage Funding Trust 2005-HE1
	Asset Backed Certificates
	Collection Account Report for June 27, 2005 Distribution
	Collection Account Report
INTEREST - WITHDRAWALS								TOTAL
	Nonrecoverable Advances							0.00
	TOTAL INTEREST WITHDRAWALS							0.00
INTEREST - OTHER ACCOUNTS								TOTAL
	Excess Interest							0.00
	Interest Earnings							0.00
	TOTAL INTEREST OTHER ACCOUNTS							0.00
INTEREST - FEES								TOTAL
	Current Servicing Fees							285,634.93
	Trustee Fee							0.00
	TOTAL INTEREST OTHER FEES							285,634.93
				Page 6 of 32				© COPYRIGHT 2005 Deutsche Bank
	Greenpoint Mortgage Funding Trust 2005-HE1
	Asset Backed Certificates
	Credit Enhancement Report for June 27, 2005 Distribution
	Credit Enhancement Report
ACCOUNTS								TOTAL
SPACE INTENTIONALLY LEFT BLANK
INSURANCE								TOTAL
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES								TOTAL
	Beginning Overcollateralized Amount							5,319,857.20
	Overcollateralization Reduction Amount							0.00
	Overcollateralization Deficiency Amount							17,303.93
	Overcollateralization Target Amount							5,319,857.23
	Excess Overcollateralization Amount							0.00
	Overcollateralization Increase Amount							17,303.93
	Ending Overcollateralized Amount							5,319,857.20
				Page 7 of 32				© COPYRIGHT 2005 Deutsche Bank
	Greenpoint Mortgage Funding Trust 2005-HE1
	Asset Backed Certificates
	Collateral Report for June 27, 2005 Distribution
	Collateral Report
COLLATERAL								TOTAL
	Loan Count:
	Original							13318
	Prior							12,343
	Prefunding							-
	Scheduled Paid Offs							-
	Full Voluntary Prepayments							(475)
	Repurchases							-
	Liquidations							(1)
	Current							11,867
	Principal Balance:
	Original							734,644,145.70
	Prior							685,523,838.67
	Prefunding							7,529,947.69
	Scheduled Principal							(5,185,006.00)
	Partial and Full Voluntary Prepayments							(32,690,955.99)
	Repurchases							-
	Liquidations							(58,500.00)
	Current							655,119,324.37
PREFUNDING								TOTAL
	Original Pre-funding Account Balance							329,327,300.97
	Beginning Pre-funding Account Balance							329,327,300.97
	LESS: Subsequent Loans Added							0.00
	LESS: Unused Pre-Funding Balance Released to Deal							1,212,596.25
	Ending Pre-funding Account Balance							328,114,704.72
	Initial Deposit in Capitalized Interest Account							0.00
	Capitalized Interest Account Release							0.00
Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)
				Page 8 of 32				© COPYRIGHT 2005 Deutsche Bank
	Greenpoint Mortgage Funding Trust 2005-HE1
	Asset Backed Certificates
	Collateral Report for June 27, 2005 Distribution
	Collateral Report
CHARACTERISTICS								TOTAL
	Weighted Average Coupon Original							7.000308%
	Weighted Average Coupon Prior							7.399558%
	Weighted Average Coupon Current							7.551247%
	Weighted Average Months to Maturity Original							-
	Weighted Average Months to Maturity Prior							-
	Weighted Average Months to Maturity Current							-
	Weighted Avg Remaining Amortization Term Original							192
	Weighted Avg Remaining Amortization Term Prior							192
	Weighted Avg Remaining Amortization Term Current							191
	Weighted Average Seasoning Original							6.53
	Weighted Average Seasoning Prior							7.51
	Weighted Average Seasoning Current							8.51
Note: Original information refers to deal issue.
WAC by Groups					Total WAC
WARAT by Groups					Total WARAT
Note: Dates correspond to distribution dates.
				Page 9 of 32				© COPYRIGHT 2005 Deutsche Bank
	Greenpoint Mortgage Funding Trust 2005-HE1
	Asset Backed Certificates
	Collateral Report for June 27, 2005 Distribution
	Collateral Report
ARM CHARACTERISTICS								TOTAL
	Weighted Average Margin Original							1.911%
	Weighted Average Margin Prior							1.906%
	Weighted Average Margin Current							1.903%
	Weighted Average Max Rate Original							17.954%
	Weighted Average Max Rate Prior							17.953%
	Weighted Average Max Rate Current							17.950%
	Weighted Average Min Rate Original							1.911%
	Weighted Average Min Rate Prior							1.906%
	Weighted Average Min Rate Current							1.903%
	Weighted Average Cap Up Original							0.000%
	Weighted Average Cap Up Prior							0.000%
	Weighted Average Cap Up Current							0.000%
	Weighted Average Cap Down Original							0.000%
	Weighted Average Cap Down Prior							0.000%
	Weighted Average Cap Down Current							0.000%
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES								TOTAL
	Current Servicing Fees							285,634.93
	Delinquent Servicing Fees							0.00
	TOTAL SERVICING FEES							285,634.93
	Compensating Interest							(120,229.63)
	Delinquent Servicing Fees							0.00
	COLLECTED SERVICING FEES							165,405.30
	Aggregate Advances with respect to this Distribution							0.00
	Current Nonrecoverable Advances							0.00
	Cumulative Nonrecoverable Advances							0.00
ADDITIONAL COLLATERAL INFORMATION								TOTAL
	Net Prepayment Interest Shortfall							0.00
				Page 10 of 32				© COPYRIGHT 2005 Deutsche Bank
	Greenpoint Mortgage Funding Trust 2005-HE1
	Asset Backed Certificates
	Delinquency Report for June 27, 2005 Distribution
	Delinquency Report - Total
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			-	-	-	-
		% Balance			0.00%	0.00%	0.00%	0.00%
		# Loans			-	-	-	-
		% # Loans			0.00%	0.00%	0.00%	0.00%
FORECLOSURE		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent
Total Foreclosure					Total Bankruptcy and REO
Note: Dates correspond to distribution dates.
				Page 11 of 32				© COPYRIGHT 2005 Deutsche Bank
	Greenpoint Mortgage Funding Trust 2005-HE1
	Asset Backed Certificates
	REO Report for June 27, 2005 Distribution
	REO Report - Mortgage Loans that Become REO During Current Distribution
SUMMARY				LOAN GROUP
Total Loan Count = 0				Loan Group 1 = Group 1; REO Book Value = 000.00
Total Original Principal Balance = 000.00
Total Current Balance = 000.00
REO Book Value = 000.00
REO Book Value reported corresponds to total REO loans, including loans that become REO during current distribution.
Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK
				Page 12 of 32				© COPYRIGHT 2005 Deutsche Bank
	Greenpoint Mortgage Funding Trust 2005-HE1
	Asset Backed Certificates
	Foreclosure Report for June 27, 2005 Distribution
	Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution
SUMMARY				LOAN GROUP
Total Loan Count = 0				Loan Group 1 = Group 1
Total Original Principal Balance = 000.00
Total Current Balance = 000.00
Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK
				Page 13 of 32				© COPYRIGHT 2005 Deutsche Bank
	Greenpoint Mortgage Funding Trust 2005-HE1
	Asset Backed Certificates
	Prepayment Report for June 27, 2005 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS								TOTAL
	Current
	Number of Paid in Full Loans							475
	Number of Repurchased Loans							-
	Total Number of Loans Prepaid in Full							475
	Paid in Full Balance							32,690,955.99
	Repurchased Loans Balance							-
	Curtailments Amount							-
	Total Prepayment Amount							32,690,955.99
	Cumulative
	Number of Paid in Full Loans							1,450
	Number of Repurchased Loans							-
	Total Number of Loans Prepaid in Full							1,450
	Paid in Full Balance							89,667,754.46
	Repurchased Loans Balance							-
	Curtailments Amount							-
	Total Prepayment Amount							89,667,754.46
SPACE INTENTIONALLY LEFT BLANK
Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)
				Page 14 of 32				© COPYRIGHT 2005 Deutsche Bank
	Greenpoint Mortgage Funding Trust 2005-HE1
	Asset Backed Certificates
	Prepayment Report for June 27, 2005 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENT RATES								TOTAL
	SMM							4.81%
	3 Months Avg SMM							4.25%
	12 Months Avg SMM
	Avg SMM Since Cut-off							4.25%
	CPR							44.62%
	3 Months Avg CPR							40.62%
	12 Months Avg CPR
	Avg CPR Since Cut-off							40.62%
	PSA							2622.75%
	3 Months Avg PSA Approximation							2702.11%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation							2702.11%
CPR by Groups					Total CPR
PSA by Groups					Total PSA
				Page 15 of 32				© COPYRIGHT 2005 Deutsche Bank
	Greenpoint Mortgage Funding Trust 2005-HE1
	Asset Backed Certificates
	Prepayment Report for June 27, 2005 Distribution
	Prepayment Report - Voluntary Prepayments
CPR Avg since Cut-Off by Groups					Total CPR Avg since Cut-Off
PSA Avg since Cut-Off by Groups					Total PSA Avg since Cut-Off
PREPAYMENT CALCULATION METHODOLOGY
Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases)/(Beg Principal Balance - Sched Principal)
Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)
PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS))
Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn) * (1-SMMn+1) …….(1-SMMm)]^(1/months in period n,m)
Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12)
Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.002*Avg WASn,m))
Average WASn,m: (min(30,WASn)+min(30,WASn+1)+…….+min(30,WASm)/(number of months in the period n,m)
Weighted Average Seasoning (WAS)
Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments and repurchases.
Dates correspond to distribution dates.
				Page 16 of 32				© COPYRIGHT 2005 Deutsche Bank
	Greenpoint Mortgage Funding Trust 2005-HE1
	Asset Backed Certificates
	Prepayment Detail Report for June 27, 2005 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 473						Loan Group 1 = Group 1
Total Original Principal Balance = 16,607,257.60
Total Prepayment Amount = 32,690,955.99
Loan Number			Original			Current	State &	Type Prepayment
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	&	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Original Term	Date
83380089 1			66,452.50	189,624.70	May-26-05	6.250%	NY - 43.25%	Paid Off - 300	May-21-04
83560276 1			-	85,000.00	May-31-05	9.500%	CA - 80.00%	Paid Off - 180	Apr-20-04
83578799 1			119,800.00	119,788.83	May-11-05	6.500%	CA - 60.04%	Paid Off - 300	Jun-15-04
83793497 1			-	52,334.59	May-31-05	8.875%	CA - 80.00%	Paid Off - 180	Apr-19-04
83885319 1			-	300,000.00	May-02-05	7.500%	CO - 56.55%	Paid Off - 180	May-14-04
83920215 1			-	127,455.56	May-16-05	6.750%	CA - 72.22%	Paid Off - 300	May-19-04
83964866 1			-	23,589.86	May-24-05	9.000%	IL - 75.95%	Paid Off - 180	May-14-04
84042191 1			-	58,777.56	May-11-05	9.000%	CA - 65.00%	Paid Off - 180	Jun-23-04
84116433 1			80,600.00	62,313.81	May-09-05	7.250%	CA - 79.99%	Paid Off - 180	Sep-17-04
84122282 1			-	71,947.05	May-25-05	5.750%	NJ - 80.00%	Paid Off - 180	Aug-30-04
84187368 1			100,000.00	98,239.77	May-20-05	7.750%	FL - 53.86%	Paid Off - 180	Jul-09-04
84209618 1			-	52,400.00	May-02-05	8.750%	CT - 80.00%	Paid Off - 180	Jun-29-04
84275874 1			14,500.00	12,823.92	May-12-05	7.250%	FL - 79.99%	Paid Off - 300	Aug-27-04
84396258 1			-	65,921.21	May-10-05	6.875%	WA - 80.00%	Paid Off - 180	Sep-02-04
84415116 1			62,500.00	62,500.00	May-05-05	7.375%	CA - 80.00%	Paid Off - 180	Oct-15-04
84443050 1			30,000.00	30,000.00	May-12-05	8.000%	WA - 80.00%	Paid Off - 180	Aug-03-04
84468305 1			-	9,741.89	May-24-05	8.750%	NY - 65.91%	Paid Off - 180	Aug-25-04
84478155 1			-	52,673.65	May-23-05	8.750%	CA - 73.34%	Paid Off - 180	Aug-03-04
84494236 1			40,000.00	40,000.00	May-10-05	9.500%	NY - 70.00%	Paid Off - 180	Aug-02-04
84510940 1			-	64,442.48	May-31-05	7.000%	CA - 65.14%	Paid Off - 180	Aug-04-04
84525716 1			-	59,990.00	May-09-05	8.000%	CA - 71.45%	Paid Off - 180	Jul-28-04
84527175 1			-	41,417.22	May-26-05	9.500%	NY - 80.00%	Paid Off - 180	Aug-25-04
84528645 1			61,000.00	60,964.13	May-20-05	6.750%	CA - 80.00%	Paid Off - 180	Sep-14-04
84548429 1			-	47,015.56	May-03-05	8.000%	CA - 80.00%	Paid Off - 180	Aug-31-04
84562446 1			-	44,554.59	May-20-05	7.250%	CA - 80.00%	Paid Off - 180	Jul-27-04
84564848 1			-	91,498.56	May-06-05	9.000%	CA - 80.00%	Paid Off - 180	Aug-11-04
84571512 1			40,300.00	40,174.13	May-12-05	7.500%	NV - 80.00%	Paid Off - 180	Sep-15-04
84582196 1			-	92,489.22	May-03-05	7.000%	CA - 80.00%	Paid Off - 180	Aug-10-04
84607670 1			37,500.00	37,272.00	May-02-05	9.500%	NY - 80.00%	Paid Off - 180	Oct-06-04
84611847 1			-	107,600.97	May-18-05	8.500%	CA - 62.26%	Paid Off - 180	Aug-19-04
84613611 1			-	50,593.26	May-25-05	8.250%	ME - 80.00%	Paid Off - 180	Aug-31-04
84614957 1			73,000.00	14,331.18	May-31-05	5.750%	MD - 72.62%	Paid Off - 300	Oct-12-04
84619857 1			-	29,998.68	May-31-05	6.000%	MA - 80.00%	Paid Off - 180	Aug-30-04
84620327 1			-	51,931.58	May-20-05	7.250%	CA - 79.98%	Paid Off - 180	Aug-17-04
84629062 1			82,500.00	82,473.71	May-02-05	8.500%	NY - 80.00%	Paid Off - 180	Sep-30-04
84635291 1			-	62,300.00	May-05-05	7.250%	ID - 74.99%	Paid Off - 180	Aug-25-04
84642974 1			35,000.00	34,286.87	May-16-05	7.000%	VA - 69.27%	Paid Off - 300	Sep-24-04
84644921 1			-	100,338.75	May-24-05	8.000%	CA - 54.18%	Paid Off - 180	Aug-31-04
84648146 1			-	51,767.41	May-18-05	9.000%	CA - 80.00%	Paid Off - 180	Aug-11-04
84648781 1			-	31,857.02	May-09-05	9.500%	NC - 70.00%	Paid Off - 180	Aug-25-04
84651413 1			-	68,400.00	May-02-05	6.000%	VA - 74.99%	Paid Off - 180	Sep-02-04
84658616 1			-	106,147.52	May-24-05	8.250%	CA - 80.00%	Paid Off - 180	Sep-02-04
84663962 1			24,100.00	24,084.95	May-04-05	10.250%	OR - 79.98%	Paid Off - 180	Jul-30-04
84668839 1			22,400.00	22,377.67	May-02-05	9.250%	IL - 79.99%	Paid Off - 180	Sep-24-04
					Page 17 of 32				© COPYRIGHT 2005 Deutsche Bank
	Greenpoint Mortgage Funding Trust 2005-HE1
	Asset Backed Certificates
	Prepayment Detail Report for June 27, 2005 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date
84672989 1			-	99,669.16	May-27-05	6.750%	CA - 59.22%	Paid Off - 180	Aug-11-04
84686831 1			-	26,776.50	May-20-05	7.500%	CA - 80.00%	Paid Off - 180	Aug-17-04
84699644 1			-	99,743.64	May-11-05	8.500%	CA - 67.04%	Paid Off - 300	Aug-24-04
84700293 1			-	20,100.00	May-25-05	7.750%	GA - 80.00%	Paid Off - 180	Sep-01-04
84701663 1			51,000.00	51,000.00	May-11-05	7.875%	NJ - 80.00%	Paid Off - 300	Sep-24-04
84711514 1			5,000.00	33,301.85	May-20-05	6.250%	CA - 80.00%	Paid Off - 180	Sep-02-04
84712322 1			-	53,997.44	May-26-05	5.750%	CA - 75.00%	Paid Off - 180	Sep-07-04
84714153 1			70,000.00	67,563.82	May-31-05	7.250%	PA - 79.98%	Paid Off - 180	Sep-27-04
84716638 1			-	51,888.64	May-05-05	9.250%	CA - 80.00%	Paid Off - 180	Aug-19-04
84721570 1			-	144,460.82	May-31-05	6.750%	CA - 63.66%	Paid Off - 180	Aug-19-04
84723741 1			-	75,000.00	May-05-05	6.250%	CA - 80.00%	Paid Off - 180	Aug-17-04
84724145 1			30,000.00	19,815.52	May-17-05	8.500%	CA - 82.35%	Paid Off - 180	Sep-14-04
84726124 1			2,243.00	149,133.56	May-19-05	6.250%	NY - 55.29%	Paid Off - 300	Oct-07-04
84728112 1			14,100.00	13,921.45	May-31-05	8.000%	SC - 80.00%	Paid Off - 180	Sep-30-04
84728781 1			-	200,000.00	May-26-05	9.750%	CA - 65.00%	Paid Off - 180	Aug-18-04
84729466 1			-	22,300.00	May-11-05	8.750%	NV - 79.98%	Paid Off - 180	Aug-17-04
84731421 1			-	14,195.00	May-10-05	8.500%	PA - 80.00%	Paid Off - 180	Sep-14-04
84731728 1			-	17,010.00	May-05-05	7.500%	OR - 80.00%	Paid Off - 180	Aug-25-04
84736230 1			-	18,346.53	May-31-05	8.750%	PA - 79.94%	Paid Off - 180	Sep-16-04
84737782 1			-	70,138.75	May-18-05	9.000%	CA - 80.00%	Paid Off - 180	Aug-26-04
84738277 1			23,500.00	23,500.00	May-18-05	9.250%	NY - 80.00%	Paid Off - 180	Aug-24-04
84742022 1			-	26,323.39	May-16-05	7.750%	CA - 44.39%	Paid Off - 180	Aug-19-04
84742907 1			-	34,274.73	May-03-05	8.250%	WA - 79.81%	Paid Off - 180	Aug-23-04
84744465 1			-	119,266.87	May-24-05	6.875%	NJ - 80.00%	Paid Off - 180	Sep-08-04
84749282 1			-	36,815.16	May-06-05	6.000%	CA - 80.00%	Paid Off - 180	Aug-13-04
84749894 1			-	43,203.92	May-16-05	8.750%	ID - 68.00%	Paid Off - 180	Sep-01-04
84750579 1			44,711.95	52,889.77	May-05-05	9.000%	MA - 80.00%	Paid Off - 180	Sep-23-04
84751163 1			-	61,250.54	May-19-05	7.500%	DC - 80.00%	Paid Off - 180	Aug-25-04
84751965 1			-	140,180.39	May-05-05	8.250%	CA - 38.99%	Paid Off - 180	Aug-27-04
84755255 1			-	50,000.00	May-23-05	6.000%	CA - 61.72%	Paid Off - 300	Aug-16-04
84755370 1			-	40,881.20	May-18-05	7.500%	CA - 80.00%	Paid Off - 180	Aug-27-04
84759802 1			-	38,920.33	May-02-05	8.500%	FL - 80.00%	Paid Off - 180	Sep-07-04
84760727 1			-	31,278.43	May-25-05	9.250%	OR - 80.00%	Paid Off - 180	Aug-31-04
84760842 1			-	50,000.00	May-02-05	7.500%	CA - 80.00%	Paid Off - 180	Sep-02-04
84763051 1			-	99,958.29	May-10-05	7.750%	CA - 71.79%	Paid Off - 180	Aug-24-04
84763614 1			-	30,748.88	May-03-05	8.750%	CA - 68.36%	Paid Off - 180	Sep-02-04
84769207 1			-	137,957.80	May-18-05	6.250%	CA - 70.00%	Paid Off - 180	Aug-27-04
84774017 1			-	104,615.09	May-16-05	6.750%	OR - 65.00%	Paid Off - 180	Sep-07-04
84778125 1			-	43,454.22	May-03-05	7.500%	MA - 80.00%	Paid Off - 180	Sep-09-04
84784123 1			-	59,300.00	May-31-05	7.750%	UT - 79.97%	Paid Off - 180	Sep-09-04
84785864 1			-	51,624.01	May-03-05	8.250%	NV - 70.00%	Paid Off - 300	Aug-15-04
84786417 1			-	55,000.00	May-03-05	7.500%	CA - 25.00%	Paid Off - 180	Aug-19-04
84789262 1			47,500.00	60,257.94	May-24-05	6.500%	CA - 65.53%	Paid Off - 180	Sep-01-04
84791235 1			-	99,943.90	May-27-05	8.625%	CA - 67.90%	Paid Off - 180	Aug-30-04
84791797 1			-	48,602.44	May-13-05	6.000%	CA - 74.99%	Paid Off - 180	Aug-25-04
84793736 1			-	96,893.64	May-27-05	6.500%	GA - 75.00%	Paid Off - 180	Aug-30-04
84799535 1			-	84,663.90	May-17-05	7.000%	NV - 67.60%	Paid Off - 300	Aug-18-04
84799881 1			-	27,940.46	May-03-05	7.250%	CA - 79.97%	Paid Off - 180	Aug-20-04
84800481 1			2,108.25	30,963.50	May-26-05	7.250%	FL - 43.51%	Paid Off - 180	Aug-31-04
84800853 1			-	96,498.00	May-20-05	6.250%	MN - 75.00%	Paid Off - 180	Aug-24-04
84803386 1			-	40,680.49	May-11-05	9.250%	IL - 80.00%	Paid Off - 180	Aug-30-04
84803741 1			-	65,489.27	May-23-05	6.750%	RI - 74.94%	Paid Off - 180	Aug-31-04
					Page 18 of 32				© COPYRIGHT 2005 Deutsche Bank
	Greenpoint Mortgage Funding Trust 2005-HE1
	Asset Backed Certificates
	Prepayment Detail Report for June 27, 2005 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date
84813013 1			-	29,434.12	May-04-05	8.250%	OH - 66.29%	Paid Off - 180	Sep-07-04
84813385 1			-	14,800.00	May-02-05	8.500%	WA - 80.00%	Paid Off - 180	Sep-14-04
84813831 1			21,000.00	21,000.00	May-24-05	7.250%	FL - 80.00%	Paid Off - 300	Sep-20-04
84814573 1			21,500.00	21,500.00	May-05-05	6.750%	CA - 80.00%	Paid Off - 180	Sep-22-04
84815034 1			-	92,471.86	May-12-05	7.250%	CA - 20.61%	Paid Off - 300	Sep-07-04
84815745 1			-	19,481.34	May-19-05	7.750%	NC - 79.86%	Paid Off - 180	Aug-24-04
84817741 1			-	83,967.23	May-19-05	7.750%	IN - 80.00%	Paid Off - 180	Aug-30-04
84818376 1			27,000.00	27,000.00	May-17-05	7.500%	OR - 80.00%	Paid Off - 180	Oct-14-04
84821719 1			100,000.00	99,945.69	May-13-05	8.750%	CA - 64.42%	Paid Off - 180	Oct-08-04
84824002 1			-	140,003.59	May-16-05	8.500%	CA - 80.00%	Paid Off - 180	Aug-26-04
84824135 1			40,000.00	39,972.05	May-19-05	9.250%	CA - 76.52%	Paid Off - 180	Sep-20-04
84826007 1			-	34,300.00	May-18-05	8.000%	WA - 80.00%	Paid Off - 180	Sep-01-04
84826817 1			45,000.00	44,799.65	May-03-05	8.500%	FL - 80.00%	Paid Off - 300	Oct-13-04
84827484 1			-	193,130.00	May-26-05	8.750%	CA - 45.81%	Paid Off - 300	Aug-27-04
84829415 1			-	45,994.96	May-05-05	5.750%	CA - 79.30%	Paid Off - 180	Aug-26-04
84830561 1			-	48,537.66	May-26-05	8.875%	AZ - 75.00%	Paid Off - 180	Aug-27-04
84831288 1			-	49,000.00	May-18-05	8.000%	CA - 80.00%	Paid Off - 180	Sep-01-04
84832898 1			35,000.00	34,700.00	May-02-05	7.750%	IL - 80.00%	Paid Off - 180	Oct-13-04
84833797 1			-	30,000.00	May-24-05	8.500%	NJ - 80.00%	Paid Off - 180	Aug-27-04
84834225 1			200,000.00	199,444.63	May-25-05	8.000%	CA - 54.17%	Paid Off - 180	Sep-15-04
84834597 1			20,700.00	20,679.54	May-26-05	5.750%	CO - 80.00%	Paid Off - 180	Sep-20-04
84838424 1			-	57,295.87	May-25-05	7.500%	CA - 80.00%	Paid Off - 180	Aug-27-04
84839703 1			-	164,911.15	May-12-05	8.500%	CA - 52.52%	Paid Off - 300	Sep-02-04
84840735 1			-	87,595.00	May-02-05	8.250%	NV - 79.82%	Paid Off - 180	Sep-07-04
84842889 1			-	118,907.64	May-27-05	8.500%	CA - 80.00%	Paid Off - 180	Aug-23-04
84843036 1			-	53,980.00	May-19-05	7.250%	CA - 78.89%	Paid Off - 180	Aug-24-04
84847086 1			-	25,133.45	May-31-05	8.500%	PA - 80.00%	Paid Off - 300	Sep-10-04
84849934 1			-	40,300.00	May-12-05	7.250%	OR - 79.61%	Paid Off - 180	Sep-09-04
84852573 1			-	139,851.34	May-03-05	7.000%	CA - 66.23%	Paid Off - 300	Sep-02-04
84853266 1			38,200.00	38,200.00	May-26-05	8.500%	CA - 80.00%	Paid Off - 180	Sep-03-04
84853688 1			-	50,000.00	May-26-05	8.250%	CA - 62.81%	Paid Off - 300	Sep-01-04
84854249 1			-	43,023.31	May-31-05	6.000%	CA - 64.65%	Paid Off - 180	Sep-10-04
84856954 1			133,600.00	133,585.36	May-18-05	6.000%	NJ - 74.96%	Paid Off - 180	Oct-07-04
84861046 1			13,000.00	13,000.00	May-10-05	8.000%	PA - 79.99%	Paid Off - 180	Sep-20-04
84864503 1			-	83,958.47	May-06-05	8.000%	CA - 80.00%	Paid Off - 180	Aug-30-04
84870757 1			-	152,756.15	May-04-05	6.500%	CA - 51.77%	Paid Off - 180	Aug-27-04
84872233 1			97,500.00	86,121.58	May-25-05	7.250%	CA - 80.00%	Paid Off - 180	Sep-14-04
84872787 1			-	159,275.16	May-26-05	6.625%	AZ - 60.85%	Paid Off - 180	Sep-03-04
84874429 1			53,545.00	114,025.05	May-05-05	8.500%	CA - 74.07%	Paid Off - 180	Sep-23-04
84878081 1			-	38,678.17	May-16-05	8.500%	UT - 80.00%	Paid Off - 180	Sep-02-04
84878750 1			-	57,500.00	May-27-05	7.750%	CA - 79.21%	Paid Off - 180	Sep-09-04
84881457 1			54,800.00	40,490.13	May-05-05	9.500%	GA - 74.24%	Paid Off - 180	Sep-22-04
84883859 1			24,500.00	24,500.00	May-24-05	7.250%	FL - 80.00%	Paid Off - 180	Sep-21-04
84886456 1			125,500.00	125,500.00	May-12-05	8.625%	CA - 74.60%	Paid Off - 300	Sep-23-04
84887157 1			15,000.00	14,885.93	May-05-05	6.250%	PA - 70.96%	Paid Off - 300	Sep-28-04
84887322 1			76,900.00	76,900.00	May-16-05	8.500%	CA - 80.00%	Paid Off - 180	Sep-21-04
84888106 1			-	77,400.00	May-10-05	6.750%	CA - 80.00%	Paid Off - 180	Sep-07-04
84893254 1			1,203.30	966.58	May-20-05	6.750%	CA - 70.70%	Paid Off - 300	Sep-23-04
84893551 1			-	20,000.00	May-11-05	5.875%	CA - 75.84%	Paid Off - 300	Sep-07-04
84893668 1			90,903.00	153,071.17	May-20-05	6.750%	CA - 61.05%	Paid Off - 180	Sep-21-04
84897644 1			149,000.00	149,000.00	May-19-05	6.750%	MD - 51.80%	Paid Off - 300	Sep-22-04
84897859 1			-	199,932.19	May-25-05	7.625%	CA - 47.17%	Paid Off - 180	Sep-09-04
					Page 19 of 32				© COPYRIGHT 2005 Deutsche Bank
	Greenpoint Mortgage Funding Trust 2005-HE1
	Asset Backed Certificates
	Prepayment Detail Report for June 27, 2005 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date
84903111 1			40,600.00	40,600.00	May-23-05	8.000%	NY - 80.00%	Paid Off - 180	Sep-29-04
84903384 1			49,900.00	49,900.00	May-26-05	7.250%	CA - 80.00%	Paid Off - 180	Sep-16-04
84904374 1			24,500.00	24,500.00	May-06-05	7.500%	CA - 85.32%	Paid Off - 180	Oct-14-04
84904408 1			-	167,859.84	May-26-05	7.250%	CA - 30.00%	Paid Off - 180	Sep-07-04
84904416 1			-	83,835.57	May-10-05	6.750%	CA - 55.00%	Paid Off - 300	Sep-01-04
84906668 1			29,500.00	29,454.32	May-06-05	8.500%	IL - 80.00%	Paid Off - 180	Sep-15-04
84912369 1			-	31,490.00	May-04-05	7.000%	CA - 80.00%	Paid Off - 180	Aug-27-04
84912757 1			-	55,501.21	May-16-05	5.750%	CA - 80.00%	Paid Off - 300	Aug-27-04
84912823 1			23,200.00	23,200.00	May-31-05	10.000%	CA - 62.66%	Paid Off - 180	Sep-29-04
84913268 1			-	54,805.00	May-02-05	8.500%	CA - 71.43%	Paid Off - 180	Sep-03-04
84915271 1			-	48,824.04	May-03-05	8.000%	NY - 58.42%	Paid Off - 300	Sep-15-04
84916147 1			52,200.00	50,191.49	May-24-05	7.250%	NY - 80.00%	Paid Off - 180	Sep-24-04
84917400 1			-	45,700.00	May-09-05	8.000%	VA - 80.00%	Paid Off - 180	Sep-10-04
84923028 1			78,000.00	78,000.00	May-25-05	8.500%	CA - 80.00%	Paid Off - 180	Sep-15-04
84928787 1			3,281.64	19,082.65	May-23-05	7.000%	MT - 80.00%	Paid Off - 180	Oct-05-04
84929074 1			86,700.00	83,751.02	May-11-05	7.250%	CA - 80.00%	Paid Off - 180	Sep-23-04
84932623 1			37,300.00	37,300.00	May-26-05	6.500%	AZ - 79.99%	Paid Off - 180	Oct-04-04
84932664 1			-	68,990.00	May-02-05	10.000%	AZ - 80.00%	Paid Off - 180	Sep-10-04
84934439 1			10,000.00	8,800.00	May-19-05	6.250%	MI - 69.17%	Paid Off - 180	Sep-23-04
84935931 1			-	10,000.00	May-02-05	9.500%	TN - 78.89%	Paid Off - 180	Sep-14-04
84936095 1			-	10,000.00	May-02-05	9.500%	TN - 78.89%	Paid Off - 180	Sep-14-04
84940436 1			-	32,169.47	May-24-05	8.750%	MA - 80.00%	Paid Off - 180	Sep-10-04
84940725 1			41,000.00	40,982.86	May-03-05	7.750%	FL - 80.00%	Paid Off - 180	Sep-24-04
84941046 1			31,000.00	30,999.48	May-18-05	8.375%	IL - 80.00%	Paid Off - 180	Sep-27-04
84943281 1			86,200.00	85,900.00	May-19-05	7.250%	CA - 80.00%	Paid Off - 180	Sep-21-04
84943422 1			28,000.00	746.52	May-31-05	5.750%	CA - 77.44%	Paid Off - 300	Sep-13-04
84943695 1			80,300.00	80,175.68	May-26-05	8.750%	CA - 72.54%	Paid Off - 300	Sep-12-04
84943976 1			32,232.00	41,443.85	May-25-05	6.250%	CA - 80.00%	Paid Off - 180	Sep-16-04
84944453 1			-	14,438.64	May-04-05	9.750%	TN - 80.00%	Paid Off - 180	Sep-15-04
84947399 1			170,000.00	169,764.53	May-13-05	8.000%	CA - 70.00%	Paid Off - 180	Sep-15-04
84948470 1			36,600.00	36,327.09	May-20-05	6.500%	OR - 80.00%	Paid Off - 180	Sep-24-04
84948967 1			91,900.00	91,549.47	May-20-05	7.250%	CA - 80.00%	Paid Off - 180	Sep-23-04
84950245 1			33,200.00	32,958.87	May-31-05	8.750%	CO - 80.00%	Paid Off - 180	Oct-04-04
84953280 1			11,292.00	79,200.00	May-02-05	8.000%	CA - 70.66%	Paid Off - 300	Sep-24-04
84957174 1			91,500.00	91,088.88	May-03-05	8.000%	CA - 80.00%	Paid Off - 180	Oct-05-04
84960145 1			44,000.00	44,000.00	May-18-05	5.750%	IL - 79.78%	Paid Off - 300	Sep-17-04
84960814 1			-	41,102.05	May-24-05	7.000%	WA - 79.97%	Paid Off - 180	Sep-10-04
84961572 1			12,000.00	11,989.00	May-16-05	6.000%	CO - 79.99%	Paid Off - 300	Sep-28-04
84963230 1			162,729.00	181,998.45	May-04-05	9.000%	CA - 52.16%	Paid Off - 180	Sep-27-04
84966563 1			43,900.00	43,895.19	May-11-05	8.000%	FL - 80.00%	Paid Off - 180	Oct-12-04
84970516 1			18,800.00	18,688.78	May-13-05	9.000%	WA - 80.00%	Paid Off - 180	Sep-23-04
84976174 1			50,000.00	49,468.54	May-04-05	8.750%	CA - 25.10%	Paid Off - 300	Sep-28-04
84978006 1			75,000.00	75,000.00	May-26-05	7.000%	VA - 64.41%	Paid Off - 180	Sep-21-04
84983113 1			77,000.00	77,000.00	May-18-05	9.000%	CA - 80.00%	Paid Off - 180	Sep-21-04
84984236 1			79,931.67	126,923.79	May-05-05	8.875%	CA - 61.16%	Paid Off - 300	Oct-04-04
84985100 1			209,000.00	209,000.00	May-02-05	8.000%	CA - 70.00%	Paid Off - 180	Sep-14-04
84991488 1			90,274.76	4,597.80	May-17-05	7.750%	CA - 67.18%	Paid Off - 300	Sep-27-04
84993740 1			25,600.00	25,600.00	May-13-05	8.000%	MI - 80.00%	Paid Off - 180	Sep-21-04
84998350 1			44,100.00	44,100.00	May-05-05	8.750%	FL - 80.00%	Paid Off - 180	Oct-05-04
84998830 1			20,500.00	20,349.91	May-17-05	8.250%	FL - 80.00%	Paid Off - 180	Oct-06-04
84999549 1			85,500.00	85,499.48	May-27-05	8.750%	CA - 75.00%	Paid Off - 180	Oct-01-04
85003218 1			69,900.00	69,900.00	May-16-05	8.750%	CA - 78.54%	Paid Off - 180	Oct-11-04
					Page 20 of 32				© COPYRIGHT 2005 Deutsche Bank
	Greenpoint Mortgage Funding Trust 2005-HE1
	Asset Backed Certificates
	Prepayment Detail Report for June 27, 2005 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date
85004059 1			43,500.00	43,498.30	May-10-05	6.250%	NJ - 78.20%	Paid Off - 180	Oct-19-04
85005403 1			31,300.00	30,362.67	May-11-05	6.750%	CO - 74.98%	Paid Off - 180	Sep-24-04
85007581 1			20,182.50	20,182.50	May-05-05	8.500%	CA - 40.04%	Paid Off - 300	Sep-21-04
85008217 1			35,500.00	35,500.00	May-05-05	5.750%	OR - 79.99%	Paid Off - 180	Sep-29-04
85010445 1			11,900.00	11,367.06	May-19-05	7.125%	IL - 80.00%	Paid Off - 180	Sep-29-04
85012094 1			85,900.00	85,886.58	May-23-05	7.250%	VA - 79.99%	Paid Off - 180	Sep-29-04
85019990 1			87,000.00	86,009.22	May-27-05	8.500%	WA - 73.23%	Paid Off - 180	Oct-05-04
85021798 1			25,500.00	25,499.38	May-03-05	8.000%	VA - 80.00%	Paid Off - 180	Sep-30-04
85023828 1			19,000.00	19,000.00	May-25-05	8.750%	WA - 77.95%	Paid Off - 180	Oct-01-04
85025542 1			35,000.00	34,977.38	May-25-05	6.250%	VA - 79.21%	Paid Off - 180	Sep-24-04
85028884 1			150,000.00	149,453.96	May-09-05	8.500%	CA - 53.95%	Paid Off - 180	Oct-11-04
85036432 1			11,776.00	99,306.48	May-11-05	6.000%	CA - 59.64%	Paid Off - 180	Oct-07-04
85039378 1			77,000.00	77,000.00	May-02-05	5.750%	CA - 80.00%	Paid Off - 180	Sep-27-04
85042711 1			25,100.00	25,100.00	May-16-05	8.500%	CO - 75.66%	Paid Off - 180	Sep-27-04
85043479 1			18,385.00	19,135.67	May-24-05	9.250%	CA - 69.14%	Paid Off - 300	Sep-29-04
85043628 1			10,000.00	9,999.99	May-19-05	9.375%	NC - 78.51%	Paid Off - 180	Oct-21-04
85045227 1			16,923.79	75,099.31	May-13-05	7.500%	CA - 51.88%	Paid Off - 300	Sep-24-04
85047389 1			87,900.00	87,860.27	May-13-05	8.500%	CA - 70.00%	Paid Off - 180	Oct-06-04
85048676 1			200,000.00	100,000.00	May-10-05	7.250%	CA - 68.74%	Paid Off - 300	Sep-23-04
85050045 1			19,000.00	19,000.00	May-03-05	7.750%	WA - 80.00%	Paid Off - 180	Oct-04-04
85053163 1			95,200.00	95,200.00	May-23-05	6.000%	CA - 80.00%	Paid Off - 180	Oct-04-04
85055689 1			155,800.00	155,800.00	May-02-05	8.250%	MT - 70.26%	Paid Off - 180	Oct-06-04
85056463 1			52,200.00	51,064.53	May-24-05	7.500%	CA - 79.99%	Paid Off - 300	Oct-08-04
85059210 1			54,000.00	54,000.00	May-16-05	8.500%	CA - 80.00%	Paid Off - 180	Oct-07-04
85062842 1			135,000.00	135,000.00	May-19-05	8.250%	CA - 80.00%	Paid Off - 180	Sep-28-04
85064822 1			35,500.00	34,172.51	May-20-05	7.500%	VA - 80.00%	Paid Off - 180	Oct-13-04
85065670 1			34,400.00	34,400.00	May-10-05	8.500%	DC - 79.99%	Paid Off - 180	Oct-12-04
85066512 1			38,600.00	38,472.94	May-06-05	8.750%	IL - 80.00%	Paid Off - 180	Oct-15-04
85067643 1			73,500.00	72,978.80	May-17-05	9.000%	WA - 80.00%	Paid Off - 180	Oct-13-04
85069706 1			166,000.00	165,417.86	May-16-05	6.000%	SC - 70.00%	Paid Off - 180	Oct-15-04
85072064 1			135,000.00	134,999.86	May-31-05	7.250%	CA - 68.98%	Paid Off - 180	Sep-29-04
85074185 1			200,000.00	200,000.00	May-20-05	7.500%	CA - 66.67%	Paid Off - 180	Sep-28-04
85075521 1			10,000.00	9,918.27	May-03-05	9.250%	MI - 69.17%	Paid Off - 180	Oct-01-04
85078160 1			39,000.00	39,000.00	May-09-05	8.000%	MD - 80.00%	Paid Off - 180	Oct-01-04
85084770 1			43,998.51	54,973.55	May-18-05	5.750%	CA - 66.67%	Paid Off - 180	Sep-28-04
85088516 1			35,500.00	35,325.15	May-16-05	8.000%	IL - 80.00%	Paid Off - 180	Oct-12-04
85090207 1			52,500.00	52,500.00	May-06-05	7.750%	AZ - 80.00%	Paid Off - 180	Oct-01-04
85094704 1			102,800.00	102,800.00	May-27-05	7.000%	CA - 68.80%	Paid Off - 300	Oct-05-04
85094761 1			123,300.00	123,262.71	May-05-05	8.000%	CA - 79.85%	Paid Off - 180	Oct-08-04
85095354 1			42,615.00	94,868.74	May-25-05	8.250%	CA - 73.48%	Paid Off - 180	Oct-06-04
85096006 1			52,000.00	51,618.17	May-27-05	6.500%	CA - 80.00%	Paid Off - 300	Sep-29-04
85096972 1			106,000.00	105,935.85	May-31-05	8.250%	CA - 80.00%	Paid Off - 180	Oct-06-04
85098044 1			92,000.00	91,835.73	May-11-05	8.500%	MD - 80.00%	Paid Off - 180	Sep-30-04
85098168 1			34,900.00	34,798.36	May-03-05	8.500%	VA - 80.00%	Paid Off - 180	Sep-30-04
85099729 1			50,000.00	49,999.10	May-25-05	6.750%	CA - 60.27%	Paid Off - 180	Oct-14-04
85100279 1			39,000.00	38,885.37	May-13-05	7.500%	CA - 75.18%	Paid Off - 300	Oct-07-04
85105989 1			96,600.00	96,583.07	May-19-05	8.250%	CA - 80.00%	Paid Off - 180	Oct-15-04
85106383 1			93,700.00	93,700.00	May-27-05	8.750%	CA - 75.00%	Paid Off - 180	Oct-06-04
85109916 1			79,801.45	218,004.42	May-06-05	8.500%	MD - 50.83%	Paid Off - 300	Oct-07-04
85117232 1			32,200.00	32,194.53	May-27-05	8.500%	WA - 75.00%	Paid Off - 180	Oct-13-04
85121382 1			73,000.00	72,769.69	May-12-05	8.000%	OK - 79.89%	Paid Off - 180	Oct-04-04
85134500 1			65,000.00	64,994.87	May-06-05	7.250%	CA - 73.33%	Paid Off - 300	Sep-29-04
					Page 21 of 32				© COPYRIGHT 2005 Deutsche Bank
	Greenpoint Mortgage Funding Trust 2005-HE1
	Asset Backed Certificates
	Prepayment Detail Report for June 27, 2005 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date
85137412 1			86,800.00	86,800.00	May-13-05	7.250%	VA - 79.99%	Paid Off - 180	Sep-29-04
85141257 1			62,200.00	62,072.54	May-17-05	8.625%	CA - 80.00%	Paid Off - 180	Oct-11-04
85142339 1			48,300.00	48,299.60	May-13-05	8.750%	VA - 80.00%	Paid Off - 180	Oct-08-04
85145449 1			82,000.00	81,989.79	May-05-05	8.250%	MD - 80.00%	Paid Off - 180	Oct-14-04
85157410 1			8,000.00	99,038.00	May-10-05	7.750%	IL - 55.49%	Paid Off - 180	Oct-13-04
85159465 1			61,000.00	60,761.73	May-17-05	7.500%	IL - 80.00%	Paid Off - 300	Oct-12-04
85162667 1			150,700.00	150,696.21	May-23-05	6.875%	FL - 57.65%	Paid Off - 300	Oct-15-04
85167559 1			63,000.00	63,000.00	May-11-05	9.750%	CA - 80.00%	Paid Off - 180	Oct-06-04
85172104 1			57,000.00	56,536.67	May-11-05	8.125%	CA - 80.00%	Paid Off - 300	Oct-13-04
85173938 1			119,200.00	119,200.00	May-20-05	7.000%	CA - 80.00%	Paid Off - 180	Oct-11-04
85176519 1			34,000.00	34,000.00	May-16-05	6.250%	FL - 80.00%	Paid Off - 180	Oct-21-04
85176741 1			40,500.00	40,500.00	May-17-05	8.500%	CA - 80.00%	Paid Off - 180	Oct-12-04
85179828 1			47,400.00	47,400.00	May-16-05	6.250%	CA - 80.00%	Paid Off - 300	Oct-08-04
85183572 1			21,000.00	21,000.00	May-16-05	9.000%	IL - 80.00%	Paid Off - 180	Oct-18-04
85190478 1			185,000.00	185,000.00	May-24-05	9.750%	CA - 59.79%	Paid Off - 180	Oct-14-04
85191997 1			30,800.00	30,787.64	May-16-05	6.250%	VA - 80.00%	Paid Off - 180	Oct-08-04
85206142 1			44,000.00	84,963.71	May-09-05	7.750%	CA - 70.69%	Paid Off - 300	Oct-15-04
85228088 1			100,000.00	100,000.00	May-25-05	8.750%	CA - 60.14%	Paid Off - 180	Oct-14-04
85229599 1			29,300.00	29,300.00	May-10-05	8.750%	MN - 80.00%	Paid Off - 180	Oct-15-04
100059872 1			-	688.43	May-18-05	10.000%	FL - 54.27%	Paid Off - 180	Nov-17-99
200802452 1			-	65,701.67	May-13-05	8.500%	CA - 74.32%	Paid Off - 180	Mar-22-04
200921526 1			247.00	34,422.97	May-20-05	6.750%	CA - 79.93%	Paid Off - 180	Mar-12-04
200953776 1			-	120,000.00	May-17-05	7.750%	CA - 80.00%	Paid Off - 180	Apr-12-04
201095403 1			-	184,731.65	May-12-05	7.000%	CA - 69.15%	Paid Off - 180	May-14-04
201115045 1			55,100.00	54,575.05	May-18-05	6.500%	CA - 77.23%	Paid Off - 300	Apr-15-04
201195773 1			84,500.00	84,244.76	May-16-05	7.000%	CA - 71.43%	Paid Off - 180	Jul-30-04
201242740 1			100,000.00	99,441.25	May-13-05	9.250%	CA - 68.38%	Paid Off - 180	Jun-08-04
201243185 1			-	17,322.03	May-04-05	9.500%	AZ - 80.00%	Paid Off - 180	May-18-04
201247145 1			-	49,997.32	May-03-05	8.000%	CA - 73.13%	Paid Off - 300	Jun-10-04
201266772 1			-	136,878.61	May-09-05	6.250%	CA - 50.34%	Paid Off - 300	May-24-04
201329802 1			78,000.00	76,970.10	May-02-05	8.000%	CA - 80.00%	Paid Off - 180	Jun-17-04
201352234 1			200,000.00	197,000.00	May-05-05	6.250%	MA - 51.18%	Paid Off - 180	Aug-20-04
201354859 1			53,500.00	53,500.00	May-06-05	8.500%	CA - 80.00%	Paid Off - 180	Jun-28-04
201362514 1			-	89,989.53	May-10-05	9.250%	CA - 80.00%	Paid Off - 180	Aug-12-04
201366853 1			199,125.00	199,101.06	May-31-05	7.250%	CA - 60.76%	Paid Off - 180	Jun-21-04
201386232 1			60,000.00	60,000.00	May-23-05	8.500%	CA - 53.53%	Paid Off - 180	Jul-19-04
201393675 1			-	111,904.57	May-04-05	6.000%	CA - 51.64%	Paid Off - 300	Aug-23-04
201414752 1			-	44,929.57	May-26-05	9.250%	CA - 65.45%	Paid Off - 180	Aug-24-04
201419116 1			34,700.00	33,743.60	May-17-05	8.000%	CA - 75.00%	Paid Off - 180	May-24-04
201420544 1			-	42,941.95	May-18-05	8.250%	NY - 79.99%	Paid Off - 180	Aug-30-04
201432333 1			96,700.00	96,583.67	May-27-05	6.500%	CA - 80.00%	Paid Off - 180	Sep-20-04
201436649 1			51,000.00	50,638.75	May-16-05	9.750%	CA - 80.00%	Paid Off - 180	Aug-31-04
201452158 1			1,358.00	46,009.91	May-31-05	9.000%	CA - 58.54%	Paid Off - 180	Sep-28-04
201452653 1			-	36,473.46	May-04-05	8.750%	CA - 80.00%	Paid Off - 180	Aug-18-04
201452752 1			50,000.00	47,076.54	May-24-05	9.500%	CA - 72.99%	Paid Off - 180	Sep-27-04
201453057 1			1,300.00	48,553.14	May-31-05	9.000%	CA - 42.04%	Paid Off - 180	Sep-24-04
201457827 1			-	149,491.01	May-26-05	7.000%	CA - 53.33%	Paid Off - 180	Jul-28-04
201462785 1			51,498.00	51,498.00	May-19-05	6.000%	IL - 41.22%	Paid Off - 180	Jun-25-04
201477726 1			-	32,490.83	May-03-05	7.250%	CA - 70.63%	Paid Off - 180	Jul-15-04
201479409 1			-	17,587.93	May-19-05	8.750%	AZ - 80.00%	Paid Off - 180	Jul-20-04
201480514 1			-	28,800.00	May-19-05	6.750%	MT - 75.02%	Paid Off - 180	Aug-19-04
201483567 1			33,900.00	32,521.93	May-09-05	10.000%	CO - 80.00%	Paid Off - 180	Jul-26-04
					Page 22 of 32				© COPYRIGHT 2005 Deutsche Bank
	Greenpoint Mortgage Funding Trust 2005-HE1
	Asset Backed Certificates
	Prepayment Detail Report for June 27, 2005 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date
201484334 1			30,000.00	30,000.00	May-02-05	8.250%	CA - 80.00%	Paid Off - 180	Sep-15-04
201488996 1			-	55,000.00	May-05-05	10.750%	CA - 68.57%	Paid Off - 180	Aug-12-04
201490216 1			-	126,441.00	May-02-05	7.750%	CA - 75.00%	Paid Off - 180	Sep-01-04
201495017 1			-	37,983.99	May-24-05	7.000%	IL - 80.00%	Paid Off - 180	Aug-27-04
201496304 1			-	99,975.98	May-04-05	7.750%	CA - 38.96%	Paid Off - 180	Aug-25-04
201499480 1			-	96,747.46	May-23-05	6.750%	CA - 62.64%	Paid Off - 180	Aug-20-04
201502846 1			-	61,276.72	May-16-05	5.750%	CA - 70.77%	Paid Off - 180	Aug-18-04
201506839 1			-	53,906.71	May-31-05	8.500%	IL - 79.97%	Paid Off - 180	Jul-28-04
201511128 1			150,000.00	149,777.60	May-24-05	8.500%	CA - 28.57%	Paid Off - 180	Aug-11-04
201511375 1			-	9,892.65	May-31-05	9.750%	AZ - 77.50%	Paid Off - 180	Aug-31-04
201511995 1			-	19,500.00	May-03-05	8.000%	GA - 80.00%	Paid Off - 180	Sep-13-04
201515368 1			-	83,737.15	May-03-05	6.500%	CA - 55.20%	Paid Off - 180	Jul-26-04
201515848 1			-	44,342.56	May-06-05	7.750%	CA - 71.00%	Paid Off - 180	Aug-09-04
201518842 1			-	25,405.09	May-24-05	6.250%	GA - 77.73%	Paid Off - 180	Aug-20-04
201526514 1			190,000.00	190,000.00	May-05-05	6.250%	IL - 73.16%	Paid Off - 180	Sep-27-04
201528882 1			-	33,000.00	May-19-05	6.750%	CA - 78.72%	Paid Off - 180	Aug-23-04
201534575 1			-	149,455.38	May-06-05	9.750%	CA - 60.13%	Paid Off - 180	Aug-18-04
201536323 1			-	28,000.00	May-02-05	7.750%	NV - 80.00%	Paid Off - 180	Aug-10-04
201536695 1			-	89,967.14	May-20-05	7.500%	CA - 64.87%	Paid Off - 180	Aug-23-04
201537917 1			25,500.00	25,500.00	May-11-05	9.500%	AZ - 80.00%	Paid Off - 180	Sep-22-04
201538188 1			-	15,848.56	May-18-05	9.250%	CA - 80.00%	Paid Off - 180	Aug-24-04
201543691 1			-	74,999.19	May-16-05	8.750%	CA - 61.43%	Paid Off - 300	Aug-27-04
201543733 1			-	170,992.70	May-09-05	7.250%	CA - 60.22%	Paid Off - 180	Aug-19-04
201544939 1			-	34,953.49	May-16-05	7.250%	CA - 80.00%	Paid Off - 180	Jul-28-04
201546447 1			-	25,000.00	May-23-05	7.250%	CA - 61.50%	Paid Off - 300	Aug-02-04
201548575 1			-	99,666.43	May-31-05	7.000%	CA - 69.05%	Paid Off - 180	Aug-24-04
201548856 1			-	91,466.19	May-06-05	8.500%	CA - 66.05%	Paid Off - 300	Aug-10-04
201550233 1			-	15,800.00	May-20-05	7.625%	OH - 80.00%	Paid Off - 180	Aug-25-04
201553294 1			22,511.00	62,451.49	May-17-05	7.500%	CA - 55.95%	Paid Off - 300	Sep-13-04
201555240 1			-	177,000.00	May-02-05	8.000%	CA - 69.32%	Paid Off - 180	Aug-19-04
201558681 1			-	38,648.07	May-18-05	9.750%	SC - 80.00%	Paid Off - 180	Aug-30-04
201560265 1			-	59,892.42	May-06-05	7.500%	CA - 72.33%	Paid Off - 180	Aug-26-04
201563780 1			-	38,500.00	May-02-05	7.500%	PA - 79.69%	Paid Off - 180	Sep-13-04
201565785 1			-	144,500.00	May-10-05	6.750%	CA - 56.58%	Paid Off - 300	Jul-15-04
201565819 1			-	99,998.53	May-06-05	7.000%	CA - 63.10%	Paid Off - 180	Aug-19-04
201566155 1			-	99,541.32	May-04-05	6.250%	CA - 69.30%	Paid Off - 180	Aug-24-04
201566544 1			-	75,000.00	May-06-05	8.750%	CA - 75.00%	Paid Off - 180	Aug-21-04
201567799 1			-	73,870.80	May-27-05	8.250%	CA - 68.75%	Paid Off - 180	Aug-30-04
201568177 1			-	51,274.17	May-18-05	6.000%	CA - 79.76%	Paid Off - 300	Aug-26-04
201569894 1			-	23,250.00	May-05-05	7.500%	CO - 80.00%	Paid Off - 180	Sep-01-04
201570801 1			-	19,758.25	May-06-05	8.000%	CO - 80.00%	Paid Off - 180	Sep-02-04
201571452 1			-	174,000.00	May-31-05	8.750%	CA - 34.63%	Paid Off - 300	Aug-20-04
201572005 1			-	72,870.02	May-13-05	8.500%	CA - 48.93%	Paid Off - 300	Sep-02-04
201576808 1			138,218.00	38,218.00	May-20-05	7.000%	WA - 35.41%	Paid Off - 180	Sep-16-04
201579281 1			42,800.00	42,510.95	May-18-05	7.250%	CA - 74.99%	Paid Off - 180	Sep-10-04
201580867 1			75,000.00	70,199.86	May-05-05	7.000%	CA - 56.52%	Paid Off - 180	Sep-24-04
201583580 1			-	86,971.59	May-02-05	8.250%	AZ - 59.62%	Paid Off - 180	Aug-23-04
201584984 1			59,000.00	59,000.00	May-04-05	6.500%	CA - 70.64%	Paid Off - 180	Oct-18-04
201585148 1			-	27,192.13	May-13-05	9.000%	NY - 80.00%	Paid Off - 180	Sep-17-04
201588621 1			26,000.00	25,731.81	May-10-05	6.750%	UT - 76.05%	Paid Off - 300	Oct-05-04
201594512 1			-	151,957.32	May-16-05	7.250%	CA - 64.21%	Paid Off - 180	Aug-18-04
201596442 1			-	161,565.88	May-10-05	7.250%	CA - 74.20%	Paid Off - 180	Aug-18-04
					Page 23 of 32				© COPYRIGHT 2005 Deutsche Bank
	Greenpoint Mortgage Funding Trust 2005-HE1
	Asset Backed Certificates
	Prepayment Detail Report for June 27, 2005 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date
201601697 1			-	28,749.50	May-25-05	6.000%	CA - 80.00%	Paid Off - 180	Sep-03-04
201602794 1			-	229,273.78	May-03-05	8.750%	CA - 59.09%	Paid Off - 180	Sep-10-04
201604477 1			-	36,500.00	May-10-05	8.250%	CA - 80.00%	Paid Off - 180	Sep-03-04
201605565 1			-	10,576.66	May-12-05	8.750%	CA - 72.96%	Paid Off - 180	Sep-03-04
201608957 1			-	161,999.88	May-18-05	10.000%	CA - 70.00%	Paid Off - 180	Aug-23-04
201609153 1			-	46,303.19	May-09-05	6.750%	WA - 80.00%	Paid Off - 180	Aug-20-04
201609237 1			-	76,480.94	May-20-05	10.000%	CA - 62.63%	Paid Off - 180	Sep-09-04
201611076 1			92,273.47	110,467.19	May-09-05	9.000%	CA - 70.88%	Paid Off - 180	Sep-22-04
201612215 1			-	183,428.52	May-11-05	7.000%	CA - 61.25%	Paid Off - 180	Aug-26-04
201612579 1			101,226.00	120,226.00	May-03-05	8.750%	CA - 71.19%	Paid Off - 180	Sep-24-04
201613064 1			20,000.00	20,000.00	May-02-05	7.500%	CA - 78.89%	Paid Off - 180	Sep-07-04
201613403 1			-	40,000.00	May-16-05	6.250%	CA - 80.00%	Paid Off - 180	Aug-20-04
201616281 1			-	14,992.60	May-31-05	7.750%	AZ - 80.00%	Paid Off - 180	Aug-24-04
201619897 1			-	31,230.35	May-02-05	6.500%	CA - 42.52%	Paid Off - 300	Sep-02-04
201621109 1			-	11,500.00	May-27-05	8.750%	AZ - 80.00%	Paid Off - 180	Sep-02-04
201622024 1			-	34,300.00	May-17-05	6.500%	CA - 80.00%	Paid Off - 180	Sep-03-04
201625431 1			-	107,900.00	May-04-05	8.125%	CA - 48.46%	Paid Off - 180	Aug-27-04
201626991 1			40,000.00	39,920.88	May-02-05	8.500%	CA - 72.42%	Paid Off - 180	Oct-14-04
201627270 1			-	40,000.00	May-25-05	6.500%	CA - 69.77%	Paid Off - 300	Aug-30-04
201627338 1			-	19,498.67	May-27-05	8.750%	AZ - 80.00%	Paid Off - 180	Aug-30-04
201631447 1			60,000.00	60,000.00	May-02-05	9.750%	CA - 68.00%	Paid Off - 300	Sep-23-04
201631538 1			-	100,000.00	May-04-05	7.250%	CA - 57.72%	Paid Off - 180	Sep-01-04
201633104 1			23,900.00	23,250.00	May-27-05	6.750%	AZ - 79.98%	Paid Off - 180	Oct-01-04
201633476 1			-	139,382.74	May-25-05	6.750%	CA - 75.00%	Paid Off - 180	Aug-19-04
201633591 1			178,700.00	178,700.00	May-16-05	8.500%	CA - 75.68%	Paid Off - 180	Sep-23-04
201636396 1			13,000.00	12,974.88	May-10-05	7.750%	FL - 71.55%	Paid Off - 180	Sep-24-04
201636875 1			-	135,000.00	May-12-05	10.000%	CA - 48.82%	Paid Off - 180	Sep-02-04
201637667 1			64,500.00	64,486.80	May-26-05	6.250%	CA - 80.00%	Paid Off - 180	Oct-05-04
201638723 1			96,500.00	46,500.00	May-25-05	9.000%	CA - 72.85%	Paid Off - 180	Sep-23-04
201639085 1			-	10,000.00	May-05-05	8.000%	UT - 76.48%	Paid Off - 180	Aug-27-04
201639721 1			-	104,927.99	May-02-05	7.500%	CA - 80.00%	Paid Off - 180	Sep-08-04
201640661 1			-	160,200.00	May-26-05	6.500%	CA - 70.00%	Paid Off - 180	Apr-15-04
201644838 1			75,000.00	74,371.68	May-02-05	8.250%	NY - 55.40%	Paid Off - 180	Sep-20-04
201645355 1			-	69,989.32	May-17-05	7.500%	DE - 80.00%	Paid Off - 180	Sep-10-04
201645991 1			71,200.00	71,152.01	May-19-05	8.750%	CA - 70.00%	Paid Off - 180	Aug-01-04
201649415 1			76,100.00	95,866.87	May-23-05	8.750%	CA - 36.44%	Paid Off - 180	Sep-29-04
201651718 1			-	198,707.89	May-19-05	7.500%	CA - 72.63%	Paid Off - 180	Aug-31-04
201653318 1			-	99,168.13	May-09-05	6.750%	CA - 80.00%	Paid Off - 180	Sep-08-04
201653599 1			36,185.42	49,597.10	May-11-05	8.500%	WA - 68.00%	Paid Off - 180	Sep-10-04
201654332 1			70,000.00	70,000.00	May-18-05	8.250%	CA - 48.28%	Paid Off - 180	Sep-22-04
201655412 1			-	62,977.57	May-02-05	8.500%	CA - 80.00%	Paid Off - 180	Sep-10-04
201656717 1			-	45,039.08	May-17-05	8.250%	CA - 80.00%	Paid Off - 180	Aug-31-04
201661113 1			-	160,000.00	May-09-05	7.000%	CA - 65.12%	Paid Off - 180	Sep-03-04
201661964 1			-	15,156.57	May-11-05	8.750%	GA - 80.00%	Paid Off - 180	Sep-10-04
201664612 1			-	64,828.30	May-24-05	7.000%	CA - 80.00%	Paid Off - 180	Sep-03-04
201664646 1			125,555.00	149,975.37	May-16-05	6.500%	CA - 53.62%	Paid Off - 180	Sep-02-04
201665510 1			70,000.00	58,933.29	May-20-05	8.500%	CA - 65.36%	Paid Off - 180	Sep-16-04
201666476 1			-	32,192.13	May-26-05	8.000%	AZ - 80.00%	Paid Off - 180	Aug-30-04
201666831 1			49,000.00	48,979.34	May-31-05	7.750%	CA - 71.52%	Paid Off - 180	Sep-13-04
201667003 1			12,800.00	12,800.00	May-02-05	8.750%	FL - 80.00%	Paid Off - 180	Sep-03-04
201667565 1			30,000.00	30,000.00	May-27-05	8.000%	MA - 80.00%	Paid Off - 180	Sep-20-04
201669595 1			-	54,871.51	May-12-05	8.250%	WA - 80.00%	Paid Off - 180	Sep-08-04
					Page 24 of 32				© COPYRIGHT 2005 Deutsche Bank
	Greenpoint Mortgage Funding Trust 2005-HE1
	Asset Backed Certificates
	Prepayment Detail Report for June 27, 2005 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date
201671526 1			-	50,381.99	May-27-05	9.500%	VA - 80.00%	Paid Off - 180	Sep-08-04
201673274 1			47,500.00	45,891.56	May-23-05	6.500%	CA - 80.00%	Paid Off - 180	Sep-14-04
201674603 1			-	79,996.00	May-04-05	7.500%	CA - 40.00%	Paid Off - 180	Sep-15-04
201674827 1			80,250.00	80,250.00	May-23-05	7.500%	CA - 75.00%	Paid Off - 180	Sep-14-04
201676772 1			31,623.50	198,628.10	May-02-05	9.000%	CA - 68.42%	Paid Off - 180	Sep-24-04
201676996 1			67,500.00	67,500.00	May-02-05	8.000%	NY - 80.00%	Paid Off - 180	Sep-24-04
201677465 1			39,000.00	39,000.00	May-02-05	6.250%	CA - 80.00%	Paid Off - 180	Sep-08-04
201677507 1			-	51,000.00	May-06-05	6.750%	CA - 80.00%	Paid Off - 180	Sep-07-04
201679990 1			18,500.00	18,500.00	May-23-05	8.750%	AZ - 80.00%	Paid Off - 180	Sep-17-04
201681541 1			61,200.00	61,200.00	May-17-05	6.000%	AZ - 75.00%	Paid Off - 180	Sep-14-04
201682127 1			29,200.00	29,190.95	May-03-05	8.500%	CA - 75.00%	Paid Off - 180	Sep-16-04
201684370 1			10,000.00	9,999.17	May-06-05	8.750%	NC - 77.50%	Paid Off - 180	Oct-01-04
201687175 1			90,666.96	90,666.96	May-03-05	7.000%	CA - 66.65%	Paid Off - 180	Sep-22-04
201688637 1			53,341.00	64,698.28	May-13-05	8.750%	CA - 71.68%	Paid Off - 180	Sep-24-04
201691961 1			159,800.00	159,387.45	May-19-05	6.750%	CA - 48.62%	Paid Off - 180	Sep-14-04
201692043 1			65,000.00	76,038.55	May-05-05	8.500%	CA - 56.58%	Paid Off - 180	Jan-01-00
201695673 1			18,000.00	60,562.91	May-25-05	6.250%	CA - 69.01%	Paid Off - 180	Sep-22-04
201701018 1			-	33,958.55	May-24-05	8.000%	GA - 79.99%	Paid Off - 180	Sep-17-04
201705829 1			83,000.00	83,000.00	May-02-05	7.250%	CA - 71.52%	Paid Off - 180	Oct-01-04
201708005 1			56,829.00	56,796.80	May-06-05	7.250%	CA - 69.21%	Paid Off - 180	Oct-12-04
201712148 1			160,000.00	160,000.00	May-19-05	6.750%	CA - 59.83%	Paid Off - 180	Sep-09-04
201712718 1			21,400.00	21,400.00	May-10-05	9.750%	WA - 80.00%	Paid Off - 180	Oct-08-04
201715471 1			48,800.00	48,800.00	May-06-05	9.500%	CA - 78.52%	Paid Off - 180	Sep-16-04
201715695 1			182,500.00	182,500.00	May-11-05	6.750%	CA - 75.00%	Paid Off - 180	Sep-24-04
201717204 1			26,500.00	26,500.00	May-02-05	6.250%	NC - 78.22%	Paid Off - 180	Sep-23-04
201718103 1			235,000.00	232,821.62	May-12-05	6.250%	CA - 69.57%	Paid Off - 300	Sep-28-04
201718137 1			35,000.00	35,000.00	May-02-05	9.250%	CA - 66.63%	Paid Off - 180	Oct-01-04
201722717 1			81,593.93	99,671.54	May-19-05	8.000%	CA - 66.33%	Paid Off - 180	Oct-15-04
201725165 1			42,000.00	41,753.73	May-26-05	6.250%	MA - 80.00%	Paid Off - 180	Sep-24-04
201726742 1			19,500.00	19,497.88	May-27-05	7.750%	AZ - 80.00%	Paid Off - 180	Sep-24-04
201727476 1			53,200.00	53,200.00	May-06-05	7.250%	CA - 75.40%	Paid Off - 180	Sep-28-04
201731940 1			22,500.00	21,225.64	May-09-05	9.750%	OR - 80.00%	Paid Off - 180	Sep-22-04
201734746 1			38,000.00	37,825.84	May-24-05	8.000%	CA - 80.00%	Paid Off - 180	Sep-28-04
201736717 1			26,000.00	26,000.00	May-19-05	9.500%	AZ - 80.00%	Paid Off - 180	Sep-29-04
201736907 1			19,000.00	18,922.75	May-31-05	6.500%	WA - 80.00%	Paid Off - 180	Sep-24-04
201737806 1			57,500.00	57,365.14	May-05-05	6.250%	CA - 80.00%	Paid Off - 300	Oct-13-04
201739117 1			81,300.00	81,299.03	May-19-05	8.250%	CA - 80.00%	Paid Off - 180	Sep-30-04
201739760 1			57,000.00	98,704.44	May-20-05	7.750%	CA - 65.00%	Paid Off - 180	Aug-30-04
201743085 1			30,977.00	64,948.26	May-27-05	7.500%	CA - 67.51%	Paid Off - 180	Sep-27-04
201743697 1			148,000.00	147,497.75	May-19-05	7.250%	CA - 58.74%	Paid Off - 180	Sep-24-04
201752201 1			104,800.00	104,800.00	May-26-05	9.000%	CA - 80.00%	Paid Off - 180	Sep-30-04
201755972 1			83,500.00	83,500.00	May-25-05	8.500%	CA - 52.26%	Paid Off - 180	Sep-28-04
201758620 1			51,700.00	51,700.00	May-25-05	7.750%	CA - 80.00%	Paid Off - 180	Sep-29-04
201767837 1			29,500.00	29,500.00	May-03-05	9.500%	WA - 80.00%	Paid Off - 180	Oct-12-04
201768207 1			63,200.00	63,116.73	May-25-05	9.000%	AZ - 61.89%	Paid Off - 180	Oct-12-04
201769726 1			33,500.00	33,276.67	May-11-05	9.000%	AZ - 80.00%	Paid Off - 180	Sep-30-04
201772050 1			29,500.00	29,415.38	May-31-05	5.750%	CO - 79.95%	Paid Off - 300	Oct-05-04
201772258 1			49,800.00	49,794.67	May-10-05	8.500%	CA - 80.00%	Paid Off - 180	Oct-04-04
201774825 1			2,889.00	77,866.97	May-06-05	8.500%	CA -	Paid Off - 180	Oct-12-04
201775996 1			50,000.00	50,000.00	May-12-05	9.250%	IL - 72.19%	Paid Off - 180	Oct-14-04
201782182 1			14,500.00	12,701.00	May-27-05	8.000%	GA - 75.00%	Paid Off - 180	Oct-04-04
201782323 1			148,000.00	147,975.36	May-25-05	7.500%	CA - 66.75%	Paid Off - 180	Oct-13-04
					Page 25 of 32				© COPYRIGHT 2005 Deutsche Bank
	Greenpoint Mortgage Funding Trust 2005-HE1
	Asset Backed Certificates
	Prepayment Detail Report for June 27, 2005 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date
201782372 1			14,500.00	12,701.00	May-31-05	8.750%	GA - 75.00%	Paid Off - 180	Oct-04-04
201783347 1			87,400.00	87,296.92	May-16-05	7.250%	CA - 80.00%	Paid Off - 180	Oct-11-04
201783578 1			123,000.00	122,340.35	May-10-05	5.750%	CA - 75.00%	Paid Off - 180	Aug-25-04
201792132 1			93,000.00	113,000.00	May-11-05	9.000%	CA - 61.18%	Paid Off - 180	Oct-08-04
201792736 1			51,500.00	51,175.32	May-13-05	8.750%	CA - 80.00%	Paid Off - 180	Oct-07-04
201797099 1			77,200.00	77,162.49	May-20-05	7.000%	CA - 80.00%	Paid Off - 180	Sep-23-04
201800083 1			94,000.00	93,959.87	May-05-05	7.250%	CA - 80.00%	Paid Off - 180	Oct-12-04
201802568 1			48,000.00	48,000.00	May-04-05	8.250%	CA - 80.00%	Paid Off - 180	Oct-15-04
700041833 1			61,400.00	61,400.00	May-11-05	6.750%	CA - 70.00%	Paid Off - 180	Jun-17-04
700044787 1			-	99,564.69	May-02-05	6.250%	CA - 44.03%	Paid Off - 180	Jul-13-04
700052830 1			47,800.00	47,111.14	May-25-05	8.250%	CA - 70.00%	Paid Off - 180	Sep-10-04
700054471 1			82,000.00	82,000.00	May-06-05	7.000%	CA - 65.48%	Paid Off - 180	Sep-13-04
700055429 1			93,000.00	92,504.59	May-26-05	7.250%	CA - 68.86%	Paid Off - 180	Jan-01-00
					Page 26 of 32				© COPYRIGHT 2005 Deutsche Bank
	Greenpoint Mortgage Funding Trust 2005-HE1
	Asset Backed Certificates
	Realized Loss Report for June 27, 2005 Distribution
	Realized Loss Report - Collateral
COLLATERAL REALIZED LOSSES								TOTAL
	Current
	Number of Loans Liquidated							1
	Collateral Realized Loss/(Gain) Amount							17,303.93
	Net Liquidation Proceeds							41,196.07
	Cumulative
	Number of Loans Liquidated							1
	Collateral Realized Loss/(Gain) Amount							17,303.93
	Net Liquidation Proceeds							41,196.07
	Note: Collateral Realized Loss Amount may include adjustments to loans liquidated in prior periods.
SPACE INTENTIONALLY LEFT BLANK
							3 Months Moving Average
Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation
				Page 27 of 32				© COPYRIGHT 2005 Deutsche Bank
	Greenpoint Mortgage Funding Trust 2005-HE1
	Asset Backed Certificates
	Realized Loss Report for June 27, 2005 Distribution
	Realized Loss Report - Collateral
DEFAULT SPEEDS								TOTAL
	MDR							0.01%
	3 Months Avg MDR							0.00%
	12 Months Avg MDR
	Avg MDR Since Cut-off							0.00%
	CDR							0.10%
	3 Months Avg CDR							0.03%
	12 Months Avg CDR
	Avg CDR Since Cut-off							0.03%
	SDA							0.60%
	3 Months Avg SDA Approximation							0.23%
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation							0.23%
	Loss Severity Approximation for Current Period
	3 Months Avg Loss Severity Approximation
	12 Months Avg Loss Severity Approximation
	Avg Loss Severity Approximation Since Cut-off
CDR by Groups					Total CDR
SDA by Groups					Total SDA
				Page 28 of 32				© COPYRIGHT 2005 Deutsche Bank
	Greenpoint Mortgage Funding Trust 2005-HE1
	Asset Backed Certificates
	Realized Loss Report for June 27, 2005 Distribution
	Realized Loss Report - Collateral
CDR Avg since Cut-Off by Groups					Total CDR Avg since Cut-Off
SDA Avg since Cut-Off by Groups					Total SDA Avg since Cut-Off
COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)0.02,MAX(0.03,MIN(30,WAS)0.02-0.0095*(WAS-60)))
Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn) * (1-MDRn+1) …….(1-MDRm)]^(1/months in period n,m)
Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)
Average SDA Approximation over period between the nth month and mth month:
AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)0.02,MAX(0.03,MIN(30,Avg WASn,m)0.02-0.0095*(Avg WASn,m-60)))
Average WASn,m: (WASn + WASn+1 +…….+ WASm )/(number of months in the period n,m)
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)
Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.
Dates correspond to distribution dates.
				Page 29 of 32				© COPYRIGHT 2005 Deutsche Bank
	Greenpoint Mortgage Funding Trust 2005-HE1
	Asset Backed Certificates
	Realized Loss Detail Report for June 27, 2005 Distribution
	Realized Loss Detail Report - Loans Liquidated During Current Distribution
SUMMARY							LOAN GROUP
Total Loan Count Current Losses = 1
Total Loan Count Revisions = 0						Loan Group 1 = Group 1
Total Prior Principal Balance = 58,500.00
Total Current Realized Loss Amount = 17,303.93
Total Revisions Amount = 0.00
Total Realized Loss Amount = 17,303.93
Total Net Liquidation Proceeds = 41,196.07
Note: Total Realized Loss Amount may include adjustments to loans liquidated in prior periods.
Loan Number			Current	State &		Prior	Realized		Cumulative
&		Loan	Note	LTV at	Original	Principal	Loss/(Gain)	Realized	Realized
Loan Group		Status	Rate	Origination	Term	Balance	Revisions	Loss/(Gain)	Loss/(Gain)
201630969 1			8.250%	NV - 80.00%	180	58,500.00		17,303.93	41,196.07
					Page 30 of 32				© COPYRIGHT 2005 Deutsche Bank
	Greenpoint Mortgage Funding Trust 2005-HE1
	Asset Backed Certificates
	Triggers, Adj. Rate Cert. and Miscellaneous Report for June 27, 2005 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report
TRIGGER EVENTS								TOTAL
	Trigger Event in effect							No
	Stepdown Date has occurred							No
	Balances 60+ days							0.00
	Ending Balance							655,119,324.37
	Delinquency Percentage							0.00%
	Current Period Loan Level Losses							17,303.93
	Current Recoveries or Losses from Prior periods							0.00
	Cumulative Losses							17,303.93
	Cut Off Pool Balance (including Original Prefunding Account)							1,063,971,446.67
	Cumulative Losses as a % of Cut Off Pool Balance							0.00
	Cumulative Losses as a % of Current Pool Balance							0.00
	Balance of Mezzanine and C Class							197,367,857.23
	Ending Balance							1,014,851,139.64
	Credit Enhancement Percentage							19.45%
ADJUSTABLE RATE CERTIFICATE INFORMATION								TOTAL
	Net WAC Rate Carryover Amt: Class A							0.00
	Net WAC Rate Carryover Amt: Class M-1							0.00
	Net WAC Rate Carryover Amt: Class M-2							0.00
	Net WAC Rate Carryover Amt: Class M-3							0.00
	Net WAC Rate Carryover Amt: Class M-4							0.00
	Net WAC Rate Carryover Amt: Class M-5							0.00
	Net WAC Rate Carryover Amt: Class M-6							0.00
	Net WAC Rate Carryover Amt: Class M-7							0.00
	Net WAC Rate Carryover Amt: Class M-8							0.00
	Net WAC Rate Carryover Amt: Class B-1							0.00
	Net WAC Rate Carryover Amt: Class B-2							0.00
	Net WAC Rate Carryover Amt: Class B-3							0.00
	Net WAC Rate Carryover Amt: Class A unpaid							0.00
	Net WAC Rate Carryover Amt: Class M-1 unpaid							0.00
	Net WAC Rate Carryover Amt: Class M-2 unpaid							0.00
ADDITIONAL INFORMATION								TOTAL
	Net WAC Rate Carryover Amt: Class M-3 unpaid							0.00
	Net WAC Rate Carryover Amt: Class M-4 unpaid							0.00
	Net WAC Rate Carryover Amt: Class M-5 unpaid							0.00
	Net WAC Rate Carryover Amt: Class M-6 unpaid							0.00
	Net WAC Rate Carryover Amt: Class M-7 unpaid							0.00
	Net WAC Rate Carryover Amt: Class M-8 unpaid							0.00
	Net WAC Rate Carryover Amt: Class B-1 unpaid							0.00
	Net WAC Rate Carryover Amt: Class B-2 unpaid							0.00
	Net WAC Rate Carryover Amt: Class B-3 unpaid							0.00
				Page 31 of 32				© COPYRIGHT 2005 Deutsche Bank
	Greenpoint Mortgage Funding Trust 2005-HE1
	Asset Backed Certificates
	Other Related Information for June 27, 2005 Distribution
	Other Related Information
ADDITIONAL INFORMATION								TOTAL
	Libor for Current Period							3.090000%
	Libor for Next Period							3.090000%
	Net WAC Rate Carryover Reserve Account							0.00
	ADDITIONAL POOL REPORTING
	(a) Cutoff Date Pool Balance							1,063,971,446.67
	(b) Cummulative Charge-off Amounts							17,303.93
	(c) Current Period Charge-off Amounts							17,303.93
	(d) Pool Balance at Begining of Due Period							685,523,838.67
	(e) Aggregate Principal Recieved							37,934,461.99
	(f) Draws							7,529,947.69
	(g) Net Principal Received ( e - f )							30,404,514.30
	(h) Subsequent Mortgage Loan Balances							0.00
	(i) Additional Mortgages and Draws ( f + h)							7,529,947.69
	(j) Pool balance at the end of Due period ( d - g + h )							655,119,324.37
	(k) Number of Mortgage Loans at the begining of Due Period							12,343
	(l) Closed Account							476
	(m) Mortgage Loans Added							-
	(n) Number of Mortgage Loans at the end of Due Period							11,867
	( k - l + m )
	Additional Balance Advance Amount							-
	Step Down Date
	(a) Step Down Date Occurred?							No
	(b) Step Down Test Satisfied?							No
				Page 32 of 32				© COPYRIGHT 2005 Deutsche Bank

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 11, 2005

Financial Asset Securities Corp.

(Exact name of registrant as specified in its charter)

Delaware	333-121661-03	06-1442101
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

600 Steamboat Road, Greenwich, Connecticut	06830
(Address of principal executive offices)	(Zip Code)

Registrant's telephone number, including area code (203) 625-2700

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 2 -	Completion of Acquisition or Disposition of Assets
Item 2.01	Completion of Acquisition or Disposition of Assets

On March 30, 2005, a single series of notes, entitled GreenPoint Mortgage Funding Trust 2005-HE1, Asset-Backed Notes, Series 2005-HE1 (the “Notes”), was issued pursuant to a sale and servicing agreement, dated as of March 30, 2005 (the “Agreement”), among Greenwich Capital Financial Products, Inc. (the “Seller”), Financial Asset Securities Corp. (the “Depositor”), GreenPoint Mortage Funding, Inc. (the “Originator” and the “Servicer”), GreenPoint Mortgage Funding Trust 2005-HE1 (the “Issuer”) and Deutsche Bank National Trust Company (the “Indenture Trustee”).

On June 21, 2005, following the closing of the initial issuance of the Notes, the Seller conveyed to the Depositor and the Depositor conveyed to the Issuer, certain Subsequent Mortgage Loans, as defined in the Agreement, with an aggregate Principal Balance equal to $326,007,698 with funds on deposit in the pre-funding account (the “Pre-Funding Account”) established pursuant to the Agreement at a purchase price equal to the Principal Balance thereof, which Subsequent Mortgage Loans were conveyed to the Indenture Trustee pursuant to a Subsequent Transfer Agreement, dated June 21, 2005 (the “Transfer Agreement”), among the Seller, the Depositor, the Issuer and the Indenture Trustee. Attached to the Transfer Agreement is the Mortgage Loan Schedule listing the Subsequent Mortgage Loans that are the subject of such Transfer Agreement.

Section 8 -	Other Events
Item 8.01.	Other Events

Description of the Mortgage Pool

The Notes, issued pursuant to the Agreement, evidence in the aggregate the entire beneficial ownership interest in a trust fund (the “Trust Fund”), consisting primarily first and second lien, adjustable-rate home equity lines of credit (the “Mortgage Loans”). After the Subsequent Transfer Date, the Trust Fund primarily consisted of the Mortgage Loans having a Pool Balance of approximately $1,060,651,844.

The tables attached as an exhibit hereto describe certain characteristics of the Mortgage Pool as of the respective applicable Cut-off Date, in the case of the Initial Mortgage Loans, or the applicable Subsequent Cut-off Date, in the case of the Subsequent Mortgage Loans.

Section 9 -	Financial Statements and Exhibits
Item 9.01	Financial Statements and Exhibits
	(a)	Not applicable
	(b)	Not applicable
	(c)	Exhibits

Exhibit No.	Description
4.2	Subsequent Transfer Agreement, dated as June 21, 2005 among Greenwich Capital Financial Products, Inc. as seller, Financial Asset Securities Corp., as depositor, GreenPoint Mortgage Funding Trust 2005-HE1, as issuer and Deutsche Bank National Trust Company, as Indenture Trustee.
99.1	Characteristics of the Mortgage Pool as of the Subsequent Cut-off Date relating to GreenPoint Mortgage Funding Trust 2005-HE1, Asset-Backed Notes, Series 2005-HE1.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf the undersigned thereunto duly authorized.

Dated: July 8, 2005

FINANCIAL ASSET SECURITIES CORP.

By:

/s/ Frank Skibo

Name: Frank Skibo

Title: Managing Director

Index to Exhibits

Exhibit No.

Description

Sequentially

Numbered Page

4.2

Subsequent Transfer Agreement, dated as June 21, 2005 among Greenwich Capital Financial Products, Inc. as seller, Financial Asset Securities Corp., as depositor, GreenPoint Mortgage Funding Trust 2005-HE1, as issuer and Deutsche Bank National Trust Company, as Indenture Trustee.

99.1

Characteristics of the Mortgage Pool as of the Subsequent Cut-off Date relating to GreenPoint Mortgage Funding Trust 2005-HE1, Asset-Backed Notes, Series 2005-HE1.

Filing Compare · Greenpoint Mortgage Funding Trust 2005-HE1