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 Corporation (as Depositor under the Pooling and Servicing Agreement, dated as May 1, 2005, providing for the issuance of Soundview Home Loan Trust Series 2005-2 Asset-Backed Pass-Through Certificates, Series 2005-2) (Exact name of registrant as specified in charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-121661-17 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 Trustee under the Pooling and Servicing Agreement on behalf of Financial Asset Securities Corporation, 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.

Soundview Home Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
June 27, 2005 Distribution
				External Parties						Table of Contents
													Page
				Seller
										1. Certificate Payment Report					2
				Greenwich Capital Financial Products, In
										2. Collection Account Report					6
										3. Credit Enhancement Report					8
										4. Collateral Report					9
				Certificate Insurer(s)						5. Delinquency Report					13
										6. REO Report					14
										7. Foreclosure Report					15
										8. Prepayment Report					16
										9. Prepayment Detail Report					19
										10. Realized Loss Report					21
										11. Realized Loss Detail Report					24
				Servicer(s)
										12. Triggers and Adj. Cert. Report					25
				Saxon Mortgage Services, Inc.
										13. Additional Certificate Report					26
				Centex Home Equity Co						14. Other Related Information					27
				Underwriter(s)
				Greenwich Capital Markets
										Total Number of Pages					27
				Dates						Contacts
				Cut-Off Date:			May 01, 2005			Eiko Akiyama
				Close Date:			May 31, 2005			Administrator
				First Distribution Date:			June 27, 2005			(714) 247-6328
										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92514
				Distribution Date:			June 27, 2005
										Factor Information:			(800) 735-7777
				Record Date:			May 31, 2005
										Main Phone Number:			(714) 247-6000
							June 24, 2005
										https://www.tss.db.com/invr
Page 1 of 27
Soundview Home Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
June 27, 2005 Distribution
Certificate Payment Report
Current Period Distribution - REMIC III
					Prior												Current
	Class		Original		Principal						Total		Realized		Deferred		Principal
Class	Type	Cur	Face Value		Balance		Interest		Principal		Distribution		Loss		Interest		Balance
					(1)		(2)		(3)		(4)=(2)+(3)		(5)		(6)		(7)=(1)-(3)-(5)+(6)
A-1	SR	$	187,150,000.00		187,150,000.00		449,248.43		8,085,779.07		8,535,027.50		0.00		0.00		179,064,220.93
A-2	SR	$	66,140,000.00		66,140,000.00		161,743.55		0.00		161,743.55		0.00		0.00		66,140,000.00
A-3	SR	$	108,290,000.00		108,290,000.00		272,129.79		0.00		272,129.79		0.00		0.00		108,290,000.00
A-4	SR	$	24,167,000.00		24,167,000.00		62,543.53		0.00		62,543.53		0.00		0.00		24,167,000.00
M-1	MEZ	$	30,829,000.00		30,829,000.00		81,634.34		0.00		81,634.34		0.00		0.00		30,829,000.00
M-2	MEZ	$	20,725,000.00		20,725,000.00		55,034.67		0.00		55,034.67		0.00		0.00		20,725,000.00
M-3	MEZ	$	10,363,000.00		10,363,000.00		27,829.55		0.00		27,829.55		0.00		0.00		10,363,000.00
M-4	MEZ	$	9,585,000.00		9,585,000.00		26,818.57		0.00		26,818.57		0.00		0.00		9,585,000.00
M-5	MEZ	$	9,067,000.00		9,067,000.00		25,573.22		0.00		25,573.22		0.00		0.00		9,067,000.00
M-6	MEZ	$	8,290,000.00		8,290,000.00		23,754.77		0.00		23,754.77		0.00		0.00		8,290,000.00
M-7	MEZ	$	4,663,000.00		4,663,000.00		15,040.38		0.00		15,040.38		0.00		0.00		4,663,000.00
M-8	MEZ	$	9,326,000.00		9,326,000.00		30,780.21		0.00		30,780.21		0.00		0.00		9,326,000.00
M-9	MEZ	$	5,181,000.00		5,181,000.00		18,926.05		0.00		18,926.05		0.00		0.00		5,181,000.00
B-1	SUB/NOF	$	5,181,000.00		5,181,000.00		24,676.96		0.00		24,676.96		0.00		0.00		5,181,000.00
B-2	SUB/NOF	$	5,181,000.00		5,181,000.00		24,676.96		0.00		24,676.96		0.00		0.00		5,181,000.00
B-3	SUB/NOF	$	2,591,000.00		2,591,000.00		11,855.05		0.00		11,855.05		0.00		0.00		2,591,000.00
B-4	SUB/NOF	$	5,181,000.00		5,181,000.00		23,705.52		0.00		23,705.52		0.00		0.00		5,181,000.00
B-5	SUB/NOF	$	3,627,000.00		3,627,000.00		15,235.11		0.00		15,235.11		0.00		0.00		3,627,000.00
C	NOF	$	2,591,418.27		2,591,418.27		1,222,318.26		775.68		1,223,093.94		0.00		0.00		2,590,642.59
P	RES	$	100.00		100.00		92,176.78		0.00		92,176.78		0.00		0.00		100.00
R	NOF	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
R-X	RES	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Total			518,128,518.27		518,128,518.27		2,665,701.70		8,086,554.75		10,752,256.45		0.00		0.00		510,041,963.52
Page 2 of 27
Soundview Home Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
June 27, 2005 Distribution
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)		(1)		(2)		(3)		(4)=(2)+(3)	(5)
A-1	05/31/05		06/26/05		A-Act/360		83611MEL8		187,150,000.00		1,000.000000		2.400473		43.204804		45.605277	956.795196
A-2	05/31/05		06/26/05		A-Act/360		83611MEM6		66,140,000.00		1,000.000000		2.445472		0.000000		2.445472	1,000.000000
A-3	05/31/05		06/26/05		A-Act/360		83611MEN4		108,290,000.00		1,000.000000		2.512972		0.000000		2.512972	1,000.000000
A-4	05/31/05		06/26/05		A-Act/360		83611MEP9		24,167,000.00		1,000.000000		2.587972		0.000000		2.587972	1,000.000000
M-1	05/31/05		06/26/05		A-Act/360		83611MEQ7		30,829,000.00		1,000.000000		2.647972		0.000000		2.647972	1,000.000000
M-2	05/31/05		06/26/05		A-Act/360		83611MER5		20,725,000.00		1,000.000000		2.655473		0.000000		2.655473	1,000.000000
M-3	05/31/05		06/26/05		A-Act/360		83611MES3		10,363,000.00		1,000.000000		2.685472		0.000000		2.685472	1,000.000000
M-4	05/31/05		06/26/05		A-Act/360		83611MET1		9,585,000.00		1,000.000000		2.797973		0.000000		2.797973	1,000.000000
M-5	05/31/05		06/26/05		A-Act/360		83611MEU8		9,067,000.00		1,000.000000		2.820472		0.000000		2.820472	1,000.000000
M-6	05/31/05		06/26/05		A-Act/360		83611MEV6		8,290,000.00		1,000.000000		2.865473		0.000000		2.865473	1,000.000000
M-7	05/31/05		06/26/05		A-Act/360		83611MEW4		4,663,000.00		1,000.000000		3.225473		0.000000		3.225473	1,000.000000
M-8	05/31/05		06/26/05		A-Act/360		83611MEX2		9,326,000.00		1,000.000000		3.300473		0.000000		3.300473	1,000.000000
M-9	05/31/05		06/26/05		A-Act/360		83611MEY0		5,181,000.00		1,000.000000		3.652972		0.000000		3.652972	1,000.000000
B-1	05/31/05		06/26/05		A-Act/360		83611MEZ7		5,181,000.00		1,000.000000		4.762972		0.000000		4.762972	1,000.000000
B-2	05/31/05		06/26/05		A-Act/360		83611MFA1		5,181,000.00		1,000.000000		4.762972		0.000000		4.762972	1,000.000000
B-3	05/31/05		06/26/05		A-Act/360		83611MFB9		2,591,000.00		1,000.000000		4.575473		0.000000		4.575473	1,000.000000
B-4	05/31/05		06/26/05		A-Act/360		83611MFC7		5,181,000.00		1,000.000000		4.575472		0.000000		4.575472	1,000.000000
B-5	05/31/05		06/26/05		A-Act/360		83611MFD5		3,627,000.00		1,000.000000		4.200471		0.000000		4.200471	1,000.000000
C	05/01/05		05/30/05		A-30/360				2,591,418.27		1,000.000000		471.679263		0.299326		471.978590	999.700674
P	05/01/05		05/30/05		A-30/360				100.00		1,000.000000		921,767.800000		0.000000		921,767.800000	1,000.000000
R	05/01/05		05/30/05		F-30/360				0.00		0.000000		0.000000		0.000000		0.000000	0.000000
R-X	05/01/05		05/30/05		A-30/360				0.00		0.000000		0.000000		0.000000		0.000000	0.000000
Page 3 of 27
Soundview Home Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
June 27, 2005 Distribution
Distribution to Date - REMIC III
																	Current
	Original				Unscheduled		Scheduled		Total		Total		Realized		Deferred		Principal
Class	Face Value		Interest		Principal		Principal		Principal		Distribution		Loss		Interest		Balance
	(1)		(2)		(3)		(4)		(5)=(3)+(4)		(6)=(2)+(5)		(7)		(8)		(9)=(1)-(5)-(7)+(8)
A-1	187,150,000.00		449,248.43		7,811,304.11		274,474.96		8,085,779.07		8,535,027.50		0.00		0.00		179,064,220.93
A-2	66,140,000.00		161,743.55		0.00		0.00		0.00		161,743.55		0.00		0.00		66,140,000.00
A-3	108,290,000.00		272,129.79		0.00		0.00		0.00		272,129.79		0.00		0.00		108,290,000.00
A-4	24,167,000.00		62,543.53		0.00		0.00		0.00		62,543.53		0.00		0.00		24,167,000.00
M-1	30,829,000.00		81,634.34		0.00		0.00		0.00		81,634.34		0.00		0.00		30,829,000.00
M-2	20,725,000.00		55,034.67		0.00		0.00		0.00		55,034.67		0.00		0.00		20,725,000.00
M-3	10,363,000.00		27,829.55		0.00		0.00		0.00		27,829.55		0.00		0.00		10,363,000.00
M-4	9,585,000.00		26,818.57		0.00		0.00		0.00		26,818.57		0.00		0.00		9,585,000.00
M-5	9,067,000.00		25,573.22		0.00		0.00		0.00		25,573.22		0.00		0.00		9,067,000.00
M-6	8,290,000.00		23,754.77		0.00		0.00		0.00		23,754.77		0.00		0.00		8,290,000.00
M-7	4,663,000.00		15,040.38		0.00		0.00		0.00		15,040.38		0.00		0.00		4,663,000.00
M-8	9,326,000.00		30,780.21		0.00		0.00		0.00		30,780.21		0.00		0.00		9,326,000.00
M-9	5,181,000.00		18,926.05		0.00		0.00		0.00		18,926.05		0.00		0.00		5,181,000.00
B-1	5,181,000.00		24,676.96		0.00		0.00		0.00		24,676.96		0.00		0.00		5,181,000.00
B-2	5,181,000.00		24,676.96		0.00		0.00		0.00		24,676.96		0.00		0.00		5,181,000.00
B-3	2,591,000.00		11,855.05		0.00		0.00		0.00		11,855.05		0.00		0.00		2,591,000.00
B-4	5,181,000.00		23,705.52		0.00		0.00		0.00		23,705.52		0.00		0.00		5,181,000.00
B-5	3,627,000.00		15,235.11		0.00		0.00		0.00		15,235.11		0.00		0.00		3,627,000.00
C	2,591,418.27		1,222,318.26		749.35		26.33		775.68		1,223,093.94		0.00		0.00		2,590,642.59
P	100.00		92,176.78		0.00		0.00		0.00		92,176.78		0.00		0.00		100.00
R	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
R-X	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Total	518,128,518.27		2,665,701.70		7,812,053.46		274,501.29		8,086,554.75		10,752,256.45		0.00		0.00		510,041,963.52
Page 4 of 27
Soundview Home Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
June 27, 2005 Distribution
Interest Detail - REMIC III
	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		Adjustment		Interest		Interest		Interest
					(1)		(2)		(3)		(4)		(5)=(1)-(2)+(3)+(4)		(6)		(7)=(5)-(6)
A-1	3.20063%		187,150,000.00		449,248.43		0.00		0.00		0.00		449,248.43		449,248.43		0.00
A-2	3.26063%		66,140,000.00		161,743.55		0.00		0.00		0.00		161,743.55		161,743.55		0.00
A-3	3.35063%		108,290,000.00		272,129.79		0.00		0.00		0.00		272,129.79		272,129.79		0.00
A-4	3.45063%		24,167,000.00		62,543.53		0.00		0.00		0.00		62,543.53		62,543.53		0.00
M-1	3.53063%		30,829,000.00		81,634.34		0.00		0.00		0.00		81,634.34		81,634.34		0.00
M-2	3.54063%		20,725,000.00		55,034.67		0.00		0.00		0.00		55,034.67		55,034.67		0.00
M-3	3.58063%		10,363,000.00		27,829.55		0.00		0.00		0.00		27,829.55		27,829.55		0.00
M-4	3.73063%		9,585,000.00		26,818.57		0.00		0.00		0.00		26,818.57		26,818.57		0.00
M-5	3.76063%		9,067,000.00		25,573.22		0.00		0.00		0.00		25,573.22		25,573.22		0.00
M-6	3.82063%		8,290,000.00		23,754.77		0.00		0.00		0.00		23,754.77		23,754.77		0.00
M-7	4.30063%		4,663,000.00		15,040.38		0.00		0.00		0.00		15,040.38		15,040.38		0.00
M-8	4.40063%		9,326,000.00		30,780.21		0.00		0.00		0.00		30,780.21		30,780.21		0.00
M-9	4.87063%		5,181,000.00		18,926.05		0.00		0.00		0.00		18,926.05		18,926.05		0.00
B-1	6.35063%		5,181,000.00		24,676.96		0.00		0.00		0.00		24,676.96		24,676.96		0.00
B-2	6.35063%		5,181,000.00		24,676.96		0.00		0.00		0.00		24,676.96		24,676.96		0.00
B-3	6.10063%		2,591,000.00		11,855.05		0.00		0.00		0.00		11,855.05		11,855.05		0.00
B-4	6.10063%		5,181,000.00		23,705.52		0.00		0.00		0.00		23,705.52		23,705.52		0.00
B-5	5.60063%		3,627,000.00		15,235.11		0.00		0.00		0.00		15,235.11		15,235.11		0.00
C	0.00000%		2,591,418.27		0.00		0.00		0.00		0.00		0.00		1,222,318.26		0.00
P	0.00000%		100.00		0.00		0.00		0.00		0.00		0.00		92,176.78		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
R-X	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Total			518,128,518.27		1,351,206.66		0.00		0.00		0.00		1,351,206.66		2,665,701.70		0.00
Page 5 of 27
Soundview Home Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
June 27, 2005 Distribution
Collection Account Report
SUMMARY
														Total
Principal Collections														8,086,539.27
Principal Withrawals														0.00
Principal Other Accounts														15.48
TOTAL NET PRINCIPAL														8,086,554.75
Interest Collections														2,611,797.86
Interest Withdrawals														-0.00
Interest Other Accounts														92,176.78
Interest Fees														-38,272.94
TOTAL NET INTEREST														2,665,701.70
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION														10,752,256.45
PRINCIPAL - COLLECTIONS
															Total
Scheduled Principal Received															274,501.29
Prepayments In Full															7,789,119.85
Curtailments															22,918.13
Liquidations															0.00
Insurance Principal															0.00
Repurchased Principal Amounts															0.00
Other Principal															0.00
Total Realized Loss Of Principal															-0.00
Delinquent Principal															-235,754.26
Advanced Principal															235,754.26
TOTAL PRINCIPAL COLLECTED															8,086,539.27
PRINCIPAL - WITHDRAWALS
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS
														Total
TOTAL OTHER ACCOUNTS PRINCIPAL														15.48
Page 6 of 27
Soundview Home Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
June 27, 2005 Distribution
INTEREST - COLLECTIONS
														Total
Scheduled Interest														2,754,356.12
Liquidation Interest														0.00
Repurchased Interest														0.00
Insurance Interest														0.00
Other Interest														0.00
Relief Act Interest Shortfalls														-0.00
Prepayment Interest Shortfalls														-4,255.57
Compensating Interest														4,255.58
Delinquent Interest														-2,146,960.20
Interest Advanced														2,004,401.96
TOTAL INTEREST COLLECTED														2,611,797.86
INTEREST - WITHDRAWALS
														Total
Nonrecoverable Advances														0.00
TOTAL INTEREST WITHDRAWALS														0.00
INTEREST - OTHER ACCOUNTS
														Total
Prepayment Charges														92,176.78
Cap Contract Payment														0.00
TOTAL INTEREST OTHER ACCOUNTS														92,176.78
INTEREST - FEES
														Total
Current Servicing Fees														38,272.94
Current Trustee Fees														0.00
Custodian Fees														0.00
TOTAL INTEREST OTHER FEES														38,272.94
Page 7 of 27
Soundview Home Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
June 27, 2005 Distribution
Credit Enhancement Report
ACCOUNTS
Net WAC Rate Carryover Reserve Account
Beginning Net WAC Carryover Reserve Account						0.00
Net WAC Carryover Reserve Account Deposit						0.00
Net WAC Carryover Interest Earnings						0.00
Net WAC Carryover Withdrawls						0.00
Ending Net WAC Carryover Reserve Account						0.00
INSURANCE
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES
														Total
Overcollateralization Target Amount														2,590,642.59
Overcollateralization Amount (Beginning)														2,591,418.27
Overcollateralization Deficiency Amount														0.00
Overcollateralization Release Amount														775.68
Overcollateralization Amount (Ending)														2,590,642.59
Overcollateralization Deficiency (Ending)														0.00
Excess Overcollateralization (Ending)														0.00
Page 8 of 27
Soundview Home Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
June 27, 2005 Distribution
Collateral Report
COLLATERAL
															Total
Loan Count:
Original														3,536
Prior														3,536
Prefunding														0
Scheduled Paid Offs														-0
Full Voluntary Prepayments														-51
Repurchases														-0
Liquidations														-0
Current														3,485
Principal Balance:
Original														435,781,405.00
Prior														435,781,405.00
Prefunding														82,347,113.27
Scheduled Principal														-274,501.29
Partial Prepayments														-22,918.13
Full Voluntary Prepayments														-7,789,119.85
Repurchases														-0.00
Liquidations														-0.00
Current														510,041,963.52
PREFUNDING
														Total
Prefunding Account Original Balance														82,347,113.27
Prefunding Account Beginning Balance														82,347,113.27
Subsequent Loans Added to the Pool														0.00
Prefund Release to Certificate Holders														15.48
Prefunding Account Ending Balance														82,347,097.79
Interest Coverage Account Balance														0.00
Page 9 of 27
Soundview Home Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
June 27, 2005 Distribution
CHARACTERISTICS
														Total
Weighted Average Coupon Original														7.58460%
Weighted Average Coupon Prior														7.58460%
Weighted Average Coupon Current														7.58460%
Weighted Average Months to Maturity Original														339
Weighted Average Months to Maturity Prior														339
Weighted Average Months to Maturity Current														339
Weighted Avg Remaining Amortization Term Original														339
Weighted Avg Remaining Amortization Term Prior														339
Weighted Avg Remaining Amortization Term Current														339
Weighted Average Seasoning Original														5.39
Weighted Average Seasoning Prior														5.39
Weighted Average Seasoning Current														5.39
Page 10 of 27
Soundview Home Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
June 27, 2005 Distribution
ARM CHARACTERISTICS
														Total
Weighted Average Margin Original														6.43111%
Weighted Average Margin Prior														6.43111%
Weighted Average Margin Current														6.43111%
Weighted Average Max Rate Original														14.16971%
Weighted Average Max Rate Prior														14.16971%
Weighted Average Max Rate Current														14.16971%
Weighted Average Min Rate Original														7.16423%
Weighted Average Min Rate Prior														7.16423%
Weighted Average Min Rate Current														7.16423%
Weighted Average Cap Up Original														1.21387%
Weighted Average Cap Up Prior														1.21387%
Weighted Average Cap Up Current														1.21387%
Weighted Average Cap Down Original														1.21387%
Weighted Average Cap Down Prior														1.21387%
Weighted Average Cap Down Current														1.21387%
Page 11 of 27
Soundview Home Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
June 27, 2005 Distribution
SERVICING FEES & ADVANCES
															Total
Current Servicing Fees														38,272.94
Delinquent Servicing Fees														142,558.25
TOTAL SERVICING FEES														180,831.19
Compensating Interest														-4,255.58
Delinquent Servicing Fees														-142,558.25
COLLECTED SERVICING FEES														34,017.37
Aggregate Advances with respect to this Distribution														2,240,156.21
ADDITIONAL COLLATERAL INFORMATION
														Total
Net Prepayment Interest Shortfall														0.00
Page 12 of 27
Soundview Home Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
June 27, 2005 Distribution
Delinquency Report
	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				0.00		0.00		0.00		0.00
			% Balance				0.00%		0.00%		0.00%		0.00%
			# Loans				0		0		0		0
			% # Loans				0.00%		0.00%		0.00%		0.00%
	FORECLOSURE		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	BANKRUPTCY		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	REO		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
Page 13 of 27
Soundview Home Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
June 27, 2005 Distribution
REO Report
Loan Number			Original		Stated				Current		State &
														First
&			Principal		Principal		Paid to		Note		LTV at		Original		Payment
Loan Group			Balance		Balance		Date		Rate		Origination		Term		Date
TOTAL
Page 14 of 27
Soundview Home Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
June 27, 2005 Distribution
Foreclosure Report
Loan Number			Original		Stated				Current		State &
														First
&			Principal		Principal		Paid to		Note		LTV at		Original		Payment
Loan Group			Balance		Balance		Date		Rate		Origination		Term		Date
TOTAL
Page 15 of 27
Soundview Home Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
June 27, 2005 Distribution
Prepayment Report
VOLUNTARY PREPAYMENTS
															Total
Current
Number of Paid in Full Loans														51
Number of Repurchased Loans														0
Total Number of Loans Prepaid in Full														51
Curtailments Amount														22,918.13
Paid in Full Balance														7,789,119.85
Repurchased Loans Balance														0.00
Total Prepayment Amount														7,812,037.98
Cumulative
Number of Paid in Full Loans														51
Number of Repurchased Loans														0
Total Number of Loans Prepaid in Full														51
Paid in Full Balance														7,789,119.85
Repurchased Loans Balance														0.00
Curtailments Amount														22,918.13
Total Prepayment Amount														7,812,037.98
Page 16 of 27
Soundview Home Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
June 27, 2005 Distribution
VOLUNTARY PREPAYMENTS RATES
															Total
SMM														1.79%
3 Months Avg SMM														1.79%
12 Months Avg SMM														1.79%
Avg SMM Since Cut-off														1.79%
CPR														19.52%
3 Months Avg CPR														19.52%
12 Months Avg CPR														19.52%
Avg CPR Since Cut-off														19.52%
PSA														1,810.26%
3 Months Avg PSA Approximation														1,810.26%
12 Months Avg PSA Approximation														1,810.26%
Avg PSA Since Cut-off Approximation														1,810.26%
Page 17 of 27
Soundview Home Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
June 27, 2005 Distribution
PREPAYMENT CALCULATION METHODOLOGY
Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases + Liquidations )/(Beg Principal Balance - Sched Principal) Conditional Prepayment Rate (CPR): 1-((1-SMM)^12) PSA Standard Prepayment Model: CPR/(0.002min(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) Conditional Prepayment Rate (CPR): 1-((1-SMM)^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) Dates correspond to distribution dates. Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments, liquidations, and repurchases.
Page 18 of 27
Soundview Home Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
June 27, 2005 Distribution
Prepayment Detail Report
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment
Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date
148903279 1			92,011.00		91,830.27			31-May-2005		11.500%		CA - 100.00%		Paid Off - 180		01-Dec-2004
148903507 1			25,882.00		25,734.62			26-May-2005		11.250%		NM - 100.00%		Paid Off - 240		01-Jan-2005
148903508 1			87,892.00		87,732.02			31-May-2005		10.990%		CA - 100.00%		Paid Off - 180		01-Jan-2005
240011709 1			129,000.00		127,799.96			31-May-2005		6.990%		TX - 49.24%		Paid Off - 360		01-Jul-2004
241320596 1			63,000.00		62,698.76			26-May-2005		8.300%		VA - 72.00%		Paid Off - 360		01-Jan-2005
243415169 1			63,000.00		62,818.10			13-May-2005		9.700%		WI - 90.00%		Paid Off - 360		01-Dec-2004
244813910 1			60,000.00		59,797.44			31-May-2005		9.600%		WI - 75.00%		Paid Off - 360		01-Dec-2004
245408463 1			266,000.00		264,530.82			01-Jun-2005		5.500%		CO - 91.72%		Paid Off - 360		01-Jan-2005
245605654 1			124,800.00		124,287.69			23-May-2005		7.990%		NC - 80.00%		Paid Off - 360		01-Dec-2004
246008961 1			368,000.00		366,048.84			25-May-2005		6.690%		CA - 80.00%		Paid Off - 360		01-Dec-2004
246009169 1			348,625.00		348,625.00			02-May-2005		6.390%		CA - 81.08%		Paid Off - 360		01-Jan-2005
246205129 1			123,500.00		123,083.30			24-May-2005		8.950%		ME - 66.47%		Paid Off - 360		01-Dec-2004
246704504 1			229,500.00		228,093.22			31-May-2005		6.750%		VA - 85.00%		Paid Off - 360		01-Nov-2004
247407861 1			108,871.00		108,411.20			31-May-2005		8.750%		FL - 72.10%		Paid Off - 360		01-Nov-2004
248604627 1			200,000.00		198,797.59			27-May-2005		6.850%		TX - 49.08%		Paid Off - 360		01-Nov-2004
249120666 1			225,000.00		224,065.21			31-May-2005		6.990%		NJ - 92.98%		Paid Off - 360		01-Jan-2005
250900408 1			228,480.00		226,389.74			25-May-2005		5.350%		VA - 81.31%		Paid Off - 360		01-Oct-2004
251300933 1			77,188.00		76,917.71			31-May-2005		8.770%		WI - 76.50%		Paid Off - 360		01-Dec-2004
251500491 1			122,250.00		121,621.76			01-Jun-2005		7.650%		WA - 75.00%		Paid Off - 360		01-Nov-2004
252003987 1			160,388.00		159,697.74			31-May-2005		7.750%		MN - 92.43%		Paid Off - 360		01-Dec-2004
253301285 1			35,000.00		34,723.32			13-May-2005		11.700%		MA - 94.78%		Paid Off - 240		01-Nov-2004
253804450 1			26,250.00		26,140.49			31-May-2005		11.880%		CA - 97.79%		Paid Off - 240		01-Feb-2005
254504989 1			287,000.00		285,986.62			31-May-2005		10.150%		CA - 70.00%		Paid Off - 360		01-Oct-2004
257006528 1			241,000.00		240,116.53			31-May-2005		9.750%		NH - 80.33%		Paid Off - 360		01-Nov-2004
258607954 1			160,980.00		160,542.69			31-May-2005		7.990%		VT - 80.49%		Paid Off - 360		01-Feb-2005
259006723 1			19,800.00		19,754.61			25-May-2005		12.150%		IA - 100.00%		Paid Off - 180		01-Oct-2004
259104985 1			39,600.00		39,359.68			31-May-2005		7.500%		KS - 90.00%		Paid Off - 360		01-Oct-2004
259211568 1			196,000.00		195,212.15			02-May-2005		5.990%		TX - 41.26%		Paid Off - 360		01-Feb-2005
259916822 1			67,000.00		66,798.33			31-May-2005		9.500%		MI - 27.92%		Paid Off - 360		01-Dec-2004
284204802 1			145,000.00		144,214.00			31-May-2005		5.750%		CA - 55.98%		Paid Off - 360		01-Jan-2005
284804427 1			127,955.55		127,646.58			31-May-2005		10.550%		ME - 75.49%		Paid Off - 360		01-Dec-2004
285201959 1			144,882.00		144,198.91			31-May-2005		7.290%		FL - 80.49%		Paid Off - 360		01-Dec-2004
286901240 1			209,000.00		208,307.37			31-May-2005		6.990%		AZ - 95.00%		Paid Off - 360		01-Feb-2005
287300760 1			205,176.00		204,428.00			31-May-2005		6.500%		CA - 85.49%		Paid Off - 360		01-Feb-2005
287701153 1			143,500.00		143,010.78			31-May-2005		8.900%		TX - 52.18%		Paid Off - 360		01-Dec-2004
287900159 1			416,075.00		413,207.91			31-May-2005		6.850%		CA - 85.00%		Paid Off - 360		01-Oct-2004
288500796 1			200,896.50		199,791.92			31-May-2005		6.500%		CA - 70.49%		Paid Off - 360		01-Dec-2004
Page 19 of 27
Soundview Home Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
June 27, 2005 Distribution
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment
Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date
289000269 1			216,000.00		215,188.37			31-May-2005		7.500%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1000204654 1			95,700.00		95,593.83			01-Jan-1900		10.875%		MI - 95.00%		Paid Off - 180		01-Mar-2005
1000205512 1			270,000.00		269,740.27			01-Jan-1900		9.625%		MD - 90.00%		Paid Off - 360		01-Apr-2005
1000206759 1			72,000.00		71,932.55			01-Jan-1900		9.750%		MO - 80.00%		Paid Off - 360		01-Apr-2005
1000207952 1			185,200.00		184,892.94			01-Jan-1900		8.250%		UT - 100.00%		Paid Off - 360		01-Apr-2005
1000208272 1			218,500.00		218,499.15			01-Jan-1900		7.750%		CA - 92.98%		Paid Off - 360		01-Apr-2005
1000208552 1			96,000.00		95,794.26			01-Jan-1900		5.625%		AZ - 80.00%		Paid Off - 360		01-Apr-2005
1000209170 1			211,700.00		211,414.91			01-Jan-1900		7.999%		FL - 100.00%		Paid Off - 360		01-Apr-2005
1000209399 1			399,000.00		399,000.00			01-Jan-1900		8.874%		AZ - 100.00%		Paid Off - 360		01-Apr-2005
1000209538 1			52,000.00		51,945.88			01-Jan-1900		9.250%		OH - 80.00%		Paid Off - 360		01-Apr-2005
1000209542 1			13,000.00		12,993.68			01-Jan-1900		12.750%		OH - 100.00%		Paid Off - 180		01-Apr-2005
9500659926 1			94,350.00		94,025.48			01-Jan-1900		6.800%		OK - 85.00%		Paid Off - 360		01-Feb-2005
9500664744 1			81,000.00		80,724.10			01-Jan-1900		6.850%		NC - 90.00%		Paid Off - 360		01-Feb-2005
9500665147 1			45,090.00		44,953.55			01-Jan-1900		7.450%		MO - 90.00%		Paid Off - 360		01-Feb-2005
TOTAL			7,818,042.05		7,789,119.85
Page 20 of 27
Soundview Home Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
June 27, 2005 Distribution
Realized Loss Report
COLLATERAL REALIZED LOSSES
															Total
Current
Number of Loans Liquidated														0
Collateral Principal Realized Loss/(Gain) Amount														0.00
Collateral Interest Realized Loss/(Gain) Amount														0.00
Net Liquidation Proceeds														0.00
Cumulative
Number of Loans Liquidated														0
Collateral Realized Loss/(Gain) Amount														0.00
Net Liquidation Proceeds														0.00
Page 21 of 27
Soundview Home Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
June 27, 2005 Distribution
DEFAULT SPEEDS
															Total
MDR														0.00%
3 Months Avg MDR														0.00%
12 Months Avg MDR														0.00%
Avg MDR Since Cut-off														0.00%
CDR														0.00%
3 Months Avg CDR														0.00%
12 Months Avg CDR														0.00%
Avg CDR Since Cut-off														0.00%
SDA														0.00%
3 Months Avg SDA Approximation														0.00%
12 Months Avg SDA Approximation														0.00%
Avg SDA Since Cut-off Approximation														0.00%
Loss Severity Approximation for Current Period														0.00%
3 Months Avg Loss Severity Approximation														0.00%
12 Months Avg Loss Severity Approximation														0.00%
Avg Loss Severity Approximation Since Cut-off														0.00%
Page 22 of 27
Soundview Home Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
June 27, 2005 Distribution
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 23 of 27
Soundview Home Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
June 27, 2005 Distribution
Realized Loss Detail Report
Loan Number			Current		State &				Prior		Realized				Cumulative
&		Loan	Note		LTV at		Original		Principal		Loss/(Gain)		Realized		Realized
Loan Group		Status	Rate		Origination		Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)
TOTAL
Page 24 of 27
Soundview Home Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
June 27, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
														Total
						Trigger Event in effect (0=No , 1=Yes)								0
						Stepdown Date has occurred (0 = No, 1=Yes)								0
						Delinquency Percentage								0.000000%
						Ending Balance								427,694,865.73
						Credit Enhancement Percentage (For Trigger)								25.5499%
						Credit Enhancement Percentage (For Step Down)								25.9550%
ADJUSTABLE RATE CERTIFICATE INFORMATION
SPACE INTENTIONALLY LEFT BLANK
ADDITIONAL INFORMATION
														Total
Current LIBOR Rate														3.100630%
Next LIBOR Rate														3.314380%
Page 25 of 27
Soundview Home Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
June 27, 2005 Distribution
Additional Certificate Report
ADDITIONAL CERTIFICATE REPORT
										Next Pass Through Rate			NET WAC Shortfall CarryOver		NET WAC Shortfall Paid
CLASS
			A-1							3.41%			$0.00		$0.00
			A-2							3.47%			$0.00		$0.00
			A-3							3.56%			$0.00		$0.00
			A-4							3.66%			$0.00		$0.00
			M-1							3.74%			$0.00		$0.00
			M-2							3.75%			$0.00		$0.00
			M-3							3.79%			$0.00		$0.00
			M-4							3.94%			$0.00		$0.00
			M-5							3.97%			$0.00		$0.00
			M-6							4.03%			$0.00		$0.00
			M-7							4.51%			$0.00		$0.00
			M-8							4.61%			$0.00		$0.00
			M-9							5.08%			$0.00		$0.00
			B-1							6.56%			$0.00		$0.00
			B-2							6.56%			$0.00		$0.00
			B-3							6.31%			$0.00		$0.00
			B-4							6.31%			$0.00		$0.00
			B-5							5.81%			$0.00		$0.00
			C							0.00%			$0.00		$0.00
			P							0.00%			$0.00		$0.00
			R							0.00%			$0.00		$0.00
			R-X							0.00%			$0.00		$0.00
Page 26 of 27
Soundview Home Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
June 27, 2005 Distribution
Other Related Information
ADDITIONAL INFORMATION
														Total
Page 27 of 27

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 31, 2005

Financial Asset Securities Corp.

(Exact name of registrant as specified in its charter)

Delaware	333-121661-17	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 May 31, 2005, a single series of certificates, entitled Soundview Home Loan Trust 2005-2, Asset-Backed Certificates, Series 2005-2 (the “Certificates”), were issued pursuant to a pooling and servicing agreement, dated as of May 1, 2005 (the “Agreement”), between Financial Asset Securities Corp. (the “Depositor”), Centex Home Equity Company, LLC and Saxon Mortgage Services, Inc., as servicers (the “Servicers”) and Deutsche Bank National Trust Company (the “Trustee”).

On June 20, 2005, following the closing of the initial issuance of the Certificates, the Trustee purchased from the Depositor certain Subsequent Mortgage Loans, as defined in the Agreement, with an aggregate Stated Principal Balance equal to $82,347,097.79 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 Stated Principal Balance thereof, which Subsequent Mortgage Loans were conveyed to the Trustee pursuant to a Subsequent Transfer Instrument, dated June 20, 2005 (the “Instrument”), between the Depositor and the Trustee. Attached to the Instrument is the Mortgage Loan Schedule listing the Subsequent Mortgage Loans that are the subject of such Instrument.

Section 8 - Other Events

Item 8.01. Other Events

Description of the Mortgage Pool

The Certificates, issued pursuant to the Agreement, evidence in the aggregate the entire beneficial ownership interest in a trust fund (the “Trust Fund”), consisting primarily of a segregated pool (the “Mortgage Pool”) of conventional, one- to four- family, first lien and second lien, adjustable-rate and fixed-rate mortgage loans having original terms to maturity of not greater than 30 years (the “Mortgage Loans”). After the Subsequent Transfer Date, the Trust Fund primarily consisted of the Mortgage Pool, which consisted of Mortgage Loans having an aggregate Stated Principal Balance of approximately $518,128,502.79.

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 Instrument, dated as June 20, 2005 between Financial Asset Securities Corp. as seller and Deutsche Bank National Trust Company, as trustee.
99.1	Characteristics of the Mortgage Pool as of the Subsequent Cut-off Date relating to Soundview Home Loan Trust 2005-2, Asset-Backed Certificates, Series 2005-2.

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 Instrument, dated as June 20, 2005, between Financial Asset Securities Corp. as seller and Deutsche Bank National Trust Company as trustee.

99.1

Characteristics of the Mortgage Pool as of the Subsequent Cut-off Date, relating to Soundview Home Loan Trust 2005-2, Asset-Backed Certificates, Series 2005-2.

Filing Compare · Soundview Home Loan Trust 2005-2