
                           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):  September 25, 2003


                            Financial Asset Securities Corp.,
             (as depositor, Litton Loan Servicing LP, as Servicer,
               and Deutsche Bank National Trust Company, as Trustee).

              FINANCIAL ASSET SEC CORP ASSET BACKED CERTS SER 2003-1
            (Exact name of Registrant as specified in its Charter)


                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-104153-09                          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


     Item 5.  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 7.  Financial Statement and Exhibits

     Exhibits:  (as noted in Item 5 above)

     Monthly Remittance Statement to the Certificateholders dated as of
     September 25, 2003.




                                     SIGNATURE


               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,
                                  not in its individual capacity, but solely
                                  as a duly authorized agent of the Registrant
                                  pursuant to the Pooling and Servicing
                                  Agreement, dated as of July 15,2003.


          Date:  Oct 01, 2003               By:  /s/  Katherine M. Wannenmacher
                                            Katherine M. Wannenmacher
                                            Vice President



                                   EXHIBIT INDEX

          DOCUMENT

          Monthly Remittance Statement to the Certificateholders
          dated as of September 25, 2003.


	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates


	September 25, 2003 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				20
			12.	Realized Loss Detail Report				23
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				24
			14.	Additional Certificate Report				25



				Total Number of Pages				25



			CONTACTS

				Administrator: Eiko Akiyama
				Direct Phone Number: (714)247-6328
				Address: Deutsche Bank
				1761 E. St. Andrew Place, Santa Ana, CA 92705

				Web Site: https://www.corporatetrust.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: July 15, 2003
	Certificate Insurer(s):							Closing Date: August 15, 2003
								First Payment Date: August 25, 2003
	Servicer(s):		Litton Loan Servicing Master Servicer


								Distribution Date: September 25, 2003
	Underwriter(s):		Greenwich Capital Markets					Record Date: September 24, 2003
								August 29, 2003






						Page 1 of 25					© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates
	Series 2003-1
	Certificate Payment Report for September 25, 2003 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		216,582,000.00			211,630,202.19	284,289.90	11,646,349.03	11,930,638.93	-	-	199,983,853.16
M-1		19,149,000.00			19,149,000.00	32,319.26	-	32,319.26	-	-	19,149,000.00
M-2		17,432,000.00			17,432,000.00	50,436.59	-	50,436.59	-	-	17,432,000.00
M-3		3,302,000.00			3,302,000.00	13,108.02	-	13,108.02	-	-	3,302,000.00
M-4		3,302,000.00			3,302,000.00	14,529.72	-	14,529.72	-	-	3,302,000.00
M-5		2,905,000.00			2,905,000.00	14,033.57	-	14,033.57	-	-	2,905,000.00
C		1,452,974.36			1,452,974.36	-	-	-	-	-	1,452,974.36
S		-			-	346,177.56	-	346,177.56	-	-	-
R		-			-	1,692,467.46	-	1,692,467.46	-	-	-
R-X		-			-	-	-	-	-	-	-
ARR1		1,788,679.19			996,053.78	-	806,244.29	806,244.29	-	-	189,809.49
ARR2		2,221,150.56			2,177,296.52	-	143,117.53	143,117.53	-	-	2,034,178.99


Total		268,134,804.11			262,346,526.85	2,447,362.08	12,595,710.85	15,043,072.93	-	-	249,750,816.00


	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	08/25/03	09/24/03		A-Act/360	83611MAA6	216,582,000.00	977.136614	1.312620	53.773393	55.086013	923.363221
M-1	08/25/03	09/24/03		A-Act/360	83611MAD0	19,149,000.00	1,000.000000	1.687778	-	1.687778	1,000.000000
M-2	08/25/03	09/24/03		A-Act/360	83611MAE8	17,432,000.00	1,000.000000	2.893334	-	2.893334	1,000.000000
M-3	08/25/03	09/24/03		A-Act/360	83611MAK4	3,302,000.00	1,000.000000	3.969721	-	3.969721	1,000.000000
M-4	08/25/03	09/24/03		A-Act/360	83611MAH1	3,302,000.00	1,000.000000	4.400279	-	4.400279	1,000.000000
M-5	08/25/03	09/24/03		A-Act/360	83611MAJ7	2,905,000.00	1,000.000000	4.830833	-	4.830833	1,000.000000
C				F-30/360		265,577,948.36	981.354636	-	-	-	937.501790
S				F-30/360	83611MAF5	42,830,505.00	969.900019	8.082500	-	8.082500	969.900019
R				-	83611MAG3	-	-	-	-	-	-
R-X				-	83611MAL2	-	-	-	-	-	-
ARR1				-		1,788,679.19	556.865527	-	450.748404	450.748404	106.117123
ARR2				-		2,221,150.56	980.256161	-	64.433962	64.433962	915.822199


							Page 2 of 25				© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates
	Series 2003-1
	Certificate Payment Report for September 25, 2003 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	216,582,000.00		284,289.90		11,399,581.40	246,767.63	11,646,349.03	11,930,638.93	-	-	199,983,853.16
M-1	19,149,000.00		32,319.26		-	-	-	32,319.26	-	-	19,149,000.00
M-2	17,432,000.00		50,436.59		-	-	-	50,436.59	-	-	17,432,000.00
M-3	3,302,000.00		13,108.02		-	-	-	13,108.02	-	-	3,302,000.00
M-4	3,302,000.00		14,529.72		-	-	-	14,529.72	-	-	3,302,000.00
M-5	2,905,000.00		14,033.57		-	-	-	14,033.57	-	-	2,905,000.00
C	1,452,974.36		-		-	-	-	-	-	-	1,452,974.36
S	-		346,177.56		-	-	-	346,177.56	-	-	-
R	-		1,692,467.46		-	-	-	1,692,467.46	-	-	-
R-X	-		-		-	-	-	-	-	-	-
ARR1	1,788,679.19		-		-	806,244.29	806,244.29	806,244.29	-	-	189,809.49
ARR2	2,221,150.56		-		-	143,117.53	143,117.53	143,117.53	-	-	2,034,178.99


Total	268,134,804.11		2,447,362.08		11,399,581.40	1,196,129.45	12,595,710.85	15,043,072.93	-	-	249,750,816.00


	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	1.56000%	211,630,202.19			284,289.90	-	-	-	284,289.90	284,289.90	-
M-1	1.96000%	19,149,000.00			32,319.26	-	-	-	32,319.26	32,319.26	-
M-2	3.36000%	17,432,000.00			50,436.59	-	-	-	50,436.59	50,436.59	-
M-3	4.61000%	3,302,000.00			13,108.02	-	-	-	13,108.02	13,108.02	-
M-4	5.11000%	3,302,000.00			14,529.72	-	-	-	14,529.72	14,529.72	-
M-5	5.61000%	2,905,000.00			14,033.57	-	-	-	14,033.57	14,033.57	-
C	7.83215%	260,626,150.91			-	-	1,692,033.98	-	-	-	1,692,033.98
S	########	41,541,307.62			346,177.56	-	-	-	346,177.56	346,177.56	-
R		-			1,692,467.46	-	-	-	1,692,467.46	1,692,467.46	-
R-X		-			-	-	-	-	-	-	-
ARR1		996,053.78			-	-	-	-	-	-	-
ARR2		2,177,296.52			-	-	-	-	-	-	-


Total		563,061,011.02			2,447,362.08	-	1,692,033.98	-	2,447,362.08	2,447,362.08	1,692,033.98


							Page 3 of 25				© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates

	Collection Account Report for September 25, 2003 Distribution


	Collection Account Report


SUMMARY								TOTAL

	Principal Collections							11,646,349.03
	Principal Withdrawals							0.00
	Principal Other Accounts							949,361.82
	TOTAL NET PRINCIPAL							12,595,710.85

	Interest Collections							2,515,023.80
	Interest Withdrawals							0.00
	Interest Other Accounts							0.00
	Interest Fees							(67,661.72)
	TOTAL NET INTEREST							2,447,362.08

	TOTAL AVAILABLE FUNDS TO BONDHOLDERS							15,043,072.93


PRINCIPAL - COLLECTIONS								TOTAL

	Scheduled Principal							246,767.63
	Curtailments							(1,547.16)
	Prepayments in Full							11,401,128.56
	Repurchases/Substitutions Shortfalls							0.00
	Liquidations							0.00
	Insurance Principal							0.00
	Other Additional Principal							0.00
	Delinquent Principal							(94,805.84)
	Advanced Principal							94,805.84
	Realized Losses							0.00


	TOTAL PRINCIPAL COLLECTED							11,646,349.03


				Page 4 of 25				© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates

	Collection Account Report for September 25, 2003 Distribution


	Collection Account Report


PRINCIPAL - WITHDRAWALS								TOTAL
SPACE INTENTIONALLY LEFT BLANK


PRINCIPAL - OTHER ACCOUNTS								TOTAL



	TOTAL OTHER ACCOUNTS PRINCIPAL							949,361.82


INTEREST - COLLECTIONS								TOTAL

	Scheduled Interest							2,351,463.37
	Repurchases/Substitutions							0.00
	Liquidations							0.00
	Insurance Interest							0.00
	Other Additional Interest							0.00
	Month End Interest (PPIS)							(19,021.95)
	Delinquent Interest							(947,413.00)
	Realized Losses							0.00
	Compensating Month End Interest							19,021.95
	Other Interest Shortfall (Relief Act)							464.65
	Interest Advanced							904,905.60
	Prepayment Penalties							205,603.18

	TOTAL INTEREST COLLECTED							2,515,023.80


				Page 5 of 25				© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates

	Collection Account Report for September 25, 2003 Distribution


	Collection Account Report


INTEREST - WITHDRAWALS								TOTAL
SPACE INTENTIONALLY LEFT BLANK


INTEREST - OTHER ACCOUNTS								TOTAL



	TOTAL OTHER ACCOUNT INTEREST							0.00


INTEREST - FEES								TOTAL

	Current Servicing Fees							65,501.94
	Trustee Fee							2,159.78
	PMI Insuranse Premium Fees							0.00

	TOTAL INTEREST OTHER FEES							67,661.72


				Page 6 of 25				© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates

	Credit Enhancement Report for September 25, 2003 Distribution


	Credit Enhancement Report


ACCOUNTS								TOTAL

	Net WAC Rate Carryover Reserve Fund Beginning Balance							1,000.00
	Amount paid to maintain $1,000 balance							0.00
	Net WAC Rate Carryover Amount							0.00
	Net WAC Rate Carryover Reserve Fund Ending Balance							1,000.00

	Int Earnings paid to Class C							0.00


INSURANCE								TOTAL
SPACE INTENTIONALLY LEFT BLANK


STRUCTURAL FEATURES								TOTAL

	Overcollateralization Target Amount							8,980,249.13
	Overcollateralized Amount							1,452,974.36
	Excess Overcollateralized Amount							0.00
	Overcollateralization Release Amount							0.00
	Overcollateralization Deficiency Amount							7,527,274.77
	Extra Principal Distribution Amt							0.00


				Page 7 of 25				© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates

	Collateral Report for September 25, 2003 Distribution


	Collateral Report


COLLATERAL								TOTAL
	Loan Count:
	*Original*							4005
	Prior							-
	Prefunding							-
	Scheduled Paid Offs							-
	Full Voluntary Prepayments							(147)
	Repurchases							-
	Liquidations							-
	Current							3,858

	*Principal Balance:*
	Original							259,173,176.55
	Prior							-
	Prefunding							-
	Scheduled Principal							(246,767.63)
	Partial and Full Voluntary Prepayments							(11,399,581.40)
	Repurchases							-
	Liquidations							-
	Current							247,526,827.52

PREFUNDING								TOTAL
SPACE INTENTIONALLY LEFT BLANK




Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)


				Page 8 of 25				© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates

	Collateral Report for September 25, 2003 Distribution


	Collateral Report


CHARACTERISTICS								TOTAL

	Weighted Average Coupon Original							10.887531%
	Weighted Average Coupon Prior
	Weighted Average Coupon Current							10.887531%
	Weighted Average Months to Maturity Original							271
	Weighted Average Months to Maturity Prior							-
	Weighted Average Months to Maturity Current							271
	Weighted Avg Remaining Amortization Term Original							297
	Weighted Avg Remaining Amortization Term Prior							-
	Weighted Avg Remaining Amortization Term Current							297
	Weighted Average Seasoning Original							34.68
	Weighted Average Seasoning Prior							-
	Weighted Average Seasoning Current							34.68

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 25				© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates

	Collateral Report for September 25, 2003 Distribution


	Collateral Report


ARM CHARACTERISTICS								TOTAL

	Weighted Average Margin Original							2.317%
	Weighted Average Margin Prior							0.000%
	Weighted Average Margin Current							2.317%
	Weighted Average Max Rate Original							7.171%
	Weighted Average Max Rate Prior							0.000%
	Weighted Average Max Rate Current							7.171%
	Weighted Average Min Rate Original							351.812%
	Weighted Average Min Rate Prior							0.000%
	Weighted Average Min Rate Current							351.812%
	Weighted Average Cap Up Original							0.408%
	Weighted Average Cap Up Prior							0.000%
	Weighted Average Cap Up Current							0.408%
	Weighted Average Cap Down Original							0.408%
	Weighted Average Cap Down Prior							0.000%
	Weighted Average Cap Down Current							0.408%

Note: Original information refers to deal issue.

SERVICING FEES / ADVANCES								TOTAL

	Current Servicing Fees							65,501.94
	Delinquent Servicing Fees							42,507.40
	TOTAL SERVICING FEES							108,009.34


	Total Servicing Fees							108,009.34
	Compensating Month End Interest							19,021.95
	Delinquent Servicing Fees							(42,507.40)

	COLLECTED SERVICING FEES							84,523.89

	Prepayment Interest Shortfall							19,021.95

	Total Advanced Interest							904,905.60


ADDITIONAL COLLATERAL INFORMATION								TOTAL

	Next One-Month LIBOR							1.120000%
	Current One-Month LIBOR							1.110000%


				Page 10 of 25				© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates

	Delinquency Report for September 25, 2003 Distribution


	Delinquency Report - Total


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			24,163,101.94	4,876,508.62	469,744.29	29,509,354.85
		% Balance			9.76%	1.97%	0.19%	11.92%
		# Loans			348	75	10	433
		% # Loans			9.02%	1.94%	0.26%	11.22%
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		-	1,115,373.28	396,896.98	55,249.16	1,567,519.42
		% Balance		0.00%	0.45%	0.16%	0.02%	0.63%
		# Loans		-	21	7	1	29
		% # Loans		0.00%	0.54%	0.18%	0.03%	0.75%
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		-	25,278,475.22	5,273,405.60	524,993.45	31,076,874.27
		% Balance		0.00%	10.21%	2.13%	0.21%	12.55%
		# Loans		-	369	82	11	462
		% # Loans		0.00%	9.56%	2.13%	0.29%	11.98%
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 25				© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates

	REO Report for September 25, 2003 Distribution


	REO Report - Mortgage Loans that Become REO During Current Distribution


SUMMARY				LOAN GROUP

Total Loan Count = 0				Loan Group 1 = Conform Group; 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 25				© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates

	Foreclosure Report for September 25, 2003 Distribution


	Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution


SUMMARY				LOAN GROUP

Total Loan Count = 0				Loan Group 1 = Conform Group
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 25				© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates

	Prepayment Report for September 25, 2003 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENTS								TOTAL

	*Current*
	Number of Paid in Full Loans							147
	Number of Repurchased Loans							-
	Total Number of Loans Prepaid in Full							147

	Paid in Full Balance							11,401,128.56
	Repurchased Loans Balance							-
	Curtailments Amount							(1,547.16)
	Total Prepayment Amount							11,399,581.40

	*Cumulative*
	Number of Paid in Full Loans							147
	Number of Repurchased Loans							-
	Total Number of Loans Prepaid in Full							147

	Paid in Full Balance							11,401,128.56
	Repurchased Loans Balance							-
	Curtailments Amount							(1,547.16)
	Total Prepayment Amount							11,399,581.40

SPACE INTENTIONALLY LEFT BLANK


Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)


				Page 14 of 25				© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates

	Prepayment Report for September 25, 2003 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENT RATES								TOTAL

	SMM							4.40%
	3 Months Avg SMM
	12 Months Avg SMM
	Avg SMM Since Cut-off							4.40%

	CPR							41.74%
	3 Months Avg CPR
	12 Months Avg CPR
	Avg CPR Since Cut-off							41.74%

	PSA							695.71%
	3 Months Avg PSA Approximation
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation							695.71%







CPR by Groups					Total CPR


PSA by Groups					Total PSA


				Page 15 of 25				© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates

	Prepayment Report for September 25, 2003 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/(0.02*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 25				© COPYRIGHT 2003 Deutsche Bank


	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates

	Prepayment Detail Report for September 25, 2003 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution


SUMMARY						LOAN GROUP

Total Loan Count = 147						Loan Group 1 = Conform Group
Total Original Principal Balance = 11,755,769.00
Total Prepayment Amount = 11,401,128.56


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

3205408 1			102,000.00	114,005.96	Sep-11-03	8.000%	MD - 85.00%	Paid Off - 360	May-04-98
3468006 1			87,000.00	85,143.35	Sep-10-03	11.490%	SC - 90.63%	Paid Off - 180	Feb-03-00
3704319 1			65,700.00	64,834.98	Sep-03-03	11.500%	FL - 90.00%	Paid Off - 360	Aug-17-00
3704574 1			72,500.00	71,262.61	Sep-11-03	10.375%	PA - 69.05%	Paid Off - 360	Sep-06-00
3773918 1			41,250.00	40,738.69	Aug-29-03	12.375%	AL - 75.00%	Paid Off - 180	Jul-01-00
3788403 1			70,700.00	70,021.66	Sep-05-03	13.200%	UT - 60.43%	Paid Off - 360	Jun-26-00
3789377 1			81,600.00	80,164.54	Aug-19-03	7.750%	MO - 85.00%	Paid Off - 360	Jul-10-00
3791134 1			70,400.00	69,438.05	Aug-21-03	11.500%	MO - 80.00%	Paid Off - 360	Jul-14-00
3791357 1			64,000.00	61,289.92	Aug-15-03	11.250%	MI - 80.00%	Paid Off - 180	Jul-19-00
3791472 1			86,160.00	81,906.59	Sep-03-03	11.500%	IN - 80.00%	Paid Off - 360	Jul-18-00
3791811 1			187,000.00	185,079.61	Sep-05-03	12.875%	PA - 85.00%	Paid Off - 360	Jul-26-00
3792603 1			65,300.00	64,376.31	Aug-26-03	11.500%	IN - 79.63%	Paid Off - 360	Aug-16-00
3793007 1			56,000.00	55,257.87	Sep-15-03	11.375%	MI - 80.00%	Paid Off - 360	Aug-21-00
3793544 1			80,000.00	78,656.02	Aug-14-03	10.875%	AL - 80.00%	Paid Off - 360	Aug-31-00
3794047 1			31,000.00	28,074.02	Sep-15-03	10.000%	MD - 44.29%	Paid Off - 180	Sep-18-00
3798204 1			22,125.00	21,821.99	Aug-26-03	12.125%	WI - 75.00%	Paid Off - 180	Nov-29-00
3798212 1			20,250.00	19,949.74	Aug-26-03	12.125%	WI - 67.50%	Paid Off - 180	Nov-29-00
3798253 1			18,750.00	18,458.71	Aug-26-03	12.125%	WI - 72.12%	Paid Off - 180	Nov-29-00
3799798 1			57,800.00	57,075.02	Aug-27-03	11.250%	MI - 85.00%	Paid Off - 180	Dec-27-00
3803087 1			88,500.00	87,082.04	Aug-29-03	10.875%	FL - 84.29%	Paid Off - 360	Jul-11-00
3804531 1			46,200.00	41,718.82	Sep-02-03	10.500%	MS - 70.00%	Paid Off - 180	Jul-28-00
3806791 1			23,250.00	22,628.75	Aug-21-03	11.625%	SC - 75.00%	Paid Off - 360	Aug-23-00
3807021 1			52,700.00	51,957.51	Sep-02-03	11.375%	AL - 85.00%	Paid Off - 180	Sep-05-00
3807062 1			38,000.00	34,669.24	Aug-29-03	11.375%	SC - 58.46%	Paid Off - 180	Aug-24-00
3807211 1			120,000.00	118,651.87	Aug-26-03	11.990%	SC - 80.00%	Paid Off - 360	Aug-24-00
3807708 1			184,000.00	180,867.64	Sep-05-03	10.250%	GA - 70.77%	Paid Off - 180	Aug-30-00
3808383 1			224,000.00	222,153.52	Sep-04-03	13.250%	NC - 80.00%	Paid Off - 360	Sep-13-00
3812955 1			28,600.00	27,794.98	Aug-26-03	13.125%	FL - 65.00%	Paid Off - 360	Jul-07-00
3825825 1			54,800.00	49,257.58	Aug-28-03	9.750%	LA - 80.00%	Paid Off - 180	Aug-21-00
3827631 1			42,500.00	40,500.06	Sep-08-03	11.437%	AL - 77.27%	Paid Off - 240	Jul-26-00
3828142 1			22,500.00	19,029.09	Sep-05-03	12.990%	LA - 50.00%	Paid Off - 180	Aug-08-00
3829785 1			102,850.00	101,731.14	Aug-28-03	12.600%	TN - 85.00%	Paid Off - 360	Aug-21-00
3830189 1			62,500.00	51,557.08	Aug-29-03	11.990%	LA - 78.13%	Paid Off - 120	Sep-15-00
3831070 1			70,000.00	68,517.15	Sep-11-03	11.500%	FL - 72.16%	Paid Off - 360	Oct-04-00
3831427 1			77,350.00	73,769.92	Sep-09-03	10.650%	NC - 85.00%	Paid Off - 240	Sep-19-00
3833944 1			52,000.00	48,740.24	Sep-04-03	12.625%	TX - 80.00%	Paid Off - 360	Oct-11-00
3834884 1			48,240.00	43,764.45	Aug-12-03	9.875%	WV - 67.00%	Paid Off - 180	Oct-20-00
3835089 1			60,000.00	59,186.42	Aug-26-03	11.375%	LA - 80.00%	Paid Off - 360	Jul-17-00
3835980 1			60,800.00	60,026.05	Aug-19-03	11.875%	MS - 80.00%	Paid Off - 360	Jul-22-00
3838323 1			40,000.00	39,343.80	Aug-19-03	10.437%	TX - 17.62%	Paid Off - 360	Aug-28-00
3839073 1			102,000.00	100,693.70	Sep-03-03	12.150%	FL - 85.00%	Paid Off - 360	Aug-30-00
3846334 1			66,400.00	65,571.20	Aug-28-03	11.500%	SC - 80.00%	Paid Off - 360	Oct-31-00
3848223 1			31,500.00	29,038.08	Sep-05-03	11.500%	WV - 70.00%	Paid Off - 180	Nov-27-00
3848249 1			61,600.00	57,162.17	Aug-28-03	12.500%	FL - 80.00%	Paid Off - 180	Nov-22-00

					Page 17 of 25				© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates

	Prepayment Detail Report for September 25, 2003 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

3850872 1			43,500.00	43,182.14	Sep-02-03	13.635%	KY - 75.00%	Paid Off - 360	Dec-06-00
3851318 1			76,800.00	75,793.84	Aug-20-03	11.250%	GA - 80.00%	Paid Off - 180	Dec-04-00
3851979 1			25,600.00	25,334.33	Sep-03-03	12.990%	AL - 75.29%	Paid Off - 180	Dec-13-00
3852472 1			36,342.00	33,131.54	Aug-21-03	9.500%	LA - 41.77%	Paid Off - 180	Dec-20-00
3854148 1			95,000.00	93,574.57	Sep-03-03	10.000%	GA - 54.29%	Paid Off - 360	Dec-27-00
3859071 1			61,000.00	57,959.95	Sep-02-03	10.250%	AL - 79.74%	Paid Off - 240	Dec-18-00
3861416 1			49,600.00	46,701.96	Aug-19-03	10.150%	FL - 80.00%	Paid Off - 360	Aug-18-99
3861754 1			55,250.00	54,134.13	Aug-19-03	10.750%	TN - 85.00%	Paid Off - 360	Nov-24-99
3863057 1			23,000.00	22,257.79	Sep-03-03	9.700%	CA - 27.38%	Paid Off - 360	Aug-18-99
3863081 1			87,500.00	85,649.99	Sep-09-03	10.650%	WA - 68.90%	Paid Off - 360	Nov-23-99
3864568 1			124,000.00	121,305.63	Sep-05-03	9.650%	TX - 80.00%	Paid Off - 360	Apr-19-00
3864634 1			39,900.00	38,909.06	Aug-12-03	9.550%	WV - 76.73%	Paid Off - 360	Dec-14-99
3866621 1			49,500.00	48,624.54	Aug-12-03	11.650%	NY - 89.19%	Paid Off - 360	Nov-24-99
3866761 1			47,500.00	46,362.60	Aug-20-03	9.300%	IN - 86.36%	Paid Off - 360	Apr-10-00
3868205 1			102,700.00	79,063.62	Sep-02-03	9.700%	TX - 79.00%	Paid Off - 360	Aug-09-99
3868627 1			124,500.00	122,085.87	Aug-12-03	10.550%	NJ - 79.81%	Paid Off - 360	May-05-00
3868858 1			181,000.00	177,992.49	Sep-09-03	11.200%	NV - 88.29%	Paid Off - 360	Mar-09-00
3869120 1			113,400.00	110,995.04	Aug-12-03	9.950%	FL - 90.00%	Paid Off - 360	Mar-31-00
3869724 1			65,100.00	63,134.71	Aug-29-03	11.200%	NC - 76.59%	Paid Off - 360	Oct-21-99
3870292 1			98,100.00	95,518.73	Aug-12-03	9.950%	PA - 90.00%	Paid Off - 360	Aug-20-99
3871076 1			15,500.00	5,113.26	Sep-08-03	9.850%	TX - 34.44%	Paid Off - 60	Dec-10-99
3872033 1			82,700.00	79,833.14	Aug-12-03	9.600%	TX - 81.08%	Paid Off - 360	Dec-27-99
3872579 1			72,900.00	71,582.08	Sep-04-03	10.600%	MS - 90.00%	Paid Off - 360	Apr-17-00
3872777 1			47,000.00	45,777.31	Aug-29-03	9.950%	TX - 62.92%	Paid Off - 360	Aug-26-99
3873411 1			133,000.00	130,248.38	Sep-03-03	9.900%	TN - 70.00%	Paid Off - 360	Apr-15-00
3873486 1			80,337.00	70,435.66	Aug-26-03	10.100%	MD - 44.63%	Paid Off - 180	Jan-03-00
3873544 1			15,000.00	14,857.10	Aug-27-03	13.800%	NY - 42.86%	Paid Off - 360	Apr-14-00
3880069 1			39,600.00	37,701.79	Sep-11-03	9.250%	GA - 27.69%	Paid Off - 240	Apr-06-01
3880184 1			69,000.00	68,033.33	Sep-04-03	9.875%	OH - 74.19%	Paid Off - 360	Apr-05-01
3880309 1			29,575.00	25,321.60	Aug-28-03	11.375%	AR - 65.00%	Paid Off - 120	Apr-10-01
3881471 1			67,500.00	64,883.85	Sep-04-03	10.200%	LA - 75.00%	Paid Off - 240	Apr-18-01
3882222 1			140,000.00	135,793.72	Sep-10-03	6.000%	CA - 83.83%	Paid Off - 360	Mar-09-01
3883238 1			57,400.00	56,981.50	Sep-15-03	13.025%	OH - 70.00%	Paid Off - 180	Apr-28-01
3883246 1			90,000.00	88,131.84	Aug-26-03	11.250%	GA - 63.04%	Paid Off - 360	Apr-25-01
3890050 1			51,200.00	49,169.05	Sep-02-03	10.125%	WV - 80.00%	Paid Off - 240	May-10-01
3901303 1			38,675.00	38,155.67	Sep-04-03	11.750%	IN - 65.00%	Paid Off - 180	Jul-13-00
3902418 1			84,000.00	82,807.44	Sep-02-03	12.500%	IN - 80.00%	Paid Off - 360	Sep-01-00
3902632 1			154,700.00	152,188.04	Aug-27-03	11.000%	CA - 70.00%	Paid Off - 360	Jul-24-00
3903499 1			31,500.00	30,733.75	Aug-22-03	11.870%	WI - 75.00%	Paid Off - 360	Aug-08-00
3904232 1			140,000.00	136,875.31	Sep-02-03	10.500%	SC - 42.68%	Paid Off - 180	Jun-12-00
3905155 1			26,000.00	20,936.06	Sep-09-03	12.125%	MO - 80.00%	Paid Off - 120	Jul-31-00
3905874 1			123,400.00	121,161.18	Aug-25-03	9.750%	NJ - 77.13%	Paid Off - 360	Oct-01-00
3906039 1			34,000.00	27,271.48	Sep-12-03	11.375%	NE - 85.00%	Paid Off - 120	Aug-04-00
3906070 1			66,000.00	50,053.35	Sep-05-03	9.625%	TN - 52.80%	Paid Off - 180	Aug-07-00
3906690 1			62,000.00	60,950.98	Aug-26-03	10.500%	NY - 80.00%	Paid Off - 360	Jul-13-00
3907227 1			16,500.00	15,070.18	Aug-29-03	13.400%	LA - 20.89%	Paid Off - 180	Aug-24-00
3909520 1			20,000.00	19,204.45	Aug-29-03	12.750%	NY - 22.22%	Paid Off - 240	Aug-10-00
3909942 1			42,500.00	41,964.04	Aug-12-03	11.750%	MO - 85.00%	Paid Off - 360	Aug-21-00
3910098 1			109,500.00	106,075.07	Aug-29-03	9.300%	WV - 54.75%	Paid Off - 360	Jul-28-00
3910106 1			65,600.00	64,555.03	Aug-29-03	12.850%	VA - 80.00%	Paid Off - 180	Jul-31-00
3912649 1			61,200.00	60,469.08	Sep-03-03	12.000%	OH - 85.00%	Paid Off - 360	Sep-06-00
3913522 1			120,000.00	108,340.57	Sep-09-03	9.990%	PA - 83.33%	Paid Off - 180	Aug-09-00

					Page 18 of 25				© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates

	Prepayment Detail Report for September 25, 2003 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

3914785 1			82,500.00	81,150.30	Sep-05-03	10.625%	IL - 75.00%	Paid Off - 360	Sep-13-00
3915667 1			43,050.00	38,670.99	Sep-09-03	8.999%	MO - 70.00%	Paid Off - 180	Sep-06-00
3916517 1			52,000.00	46,657.99	Aug-22-03	9.990%	FL - 76.47%	Paid Off - 180	Jul-11-00
3917101 1			100,000.00	98,239.97	Aug-26-03	10.550%	OH - 80.00%	Paid Off - 180	Jun-28-00
3920170 1			68,000.00	65,923.52	Sep-09-03	8.530%	IN - 80.00%	Paid Off - 360	Jul-25-00
3921590 1			85,000.00	83,701.70	Aug-28-03	10.500%	MI - 85.00%	Paid Off - 360	Oct-11-00
3924248 1			365,000.00	358,584.80	Aug-12-03	9.750%	CA - 82.02%	Paid Off - 360	Oct-13-00
3925864 1			68,600.00	67,557.24	Aug-28-03	9.990%	TX - 79.77%	Paid Off - 360	Jul-13-00
3927209 1			76,500.00	75,276.14	Aug-12-03	11.150%	MD - 85.00%	Paid Off - 180	Aug-16-00
3927795 1			20,200.00	16,359.91	Aug-27-03	9.312%	IL - 39.61%	Paid Off - 120	Oct-28-00
3930401 1			95,200.00	93,872.97	Aug-12-03	11.340%	IL - 85.00%	Paid Off - 360	Oct-26-00
3930526 1			200,000.00	197,770.92	Aug-12-03	11.990%	NJ - 80.00%	Paid Off - 180	Oct-30-00
3930682 1			147,700.00	144,576.66	Sep-03-03	9.600%	IL - 70.00%	Paid Off - 360	Nov-02-00
3931011 1			54,000.00	49,367.86	Aug-12-03	9.875%	IL - 67.50%	Paid Off - 180	Oct-31-00
3933140 1			97,750.00	96,399.22	Sep-02-03	11.900%	IL - 85.00%	Paid Off - 360	Oct-25-00
3934106 1			119,000.00	116,993.08	Aug-25-03	10.875%	NJ - 85.00%	Paid Off - 360	Nov-20-00
3934155 1			72,750.00	71,651.18	Sep-03-03	10.500%	MD - 75.00%	Paid Off - 180	Nov-27-00
3935111 1			69,000.00	68,184.37	Aug-25-03	11.450%	NY - 76.67%	Paid Off - 360	Nov-29-00
3939162 1			56,000.00	55,181.47	Aug-29-03	10.500%	NJ - 70.00%	Paid Off - 360	Nov-29-00
3939360 1			220,000.00	216,235.25	Sep-05-03	9.950%	NY - 69.84%	Paid Off - 360	Oct-26-00
3939642 1			141,100.00	138,549.36	Aug-25-03	9.250%	CO - 85.00%	Paid Off - 360	Dec-21-00
3939659 1			62,500.00	61,504.70	Aug-26-03	10.000%	PA - 62.50%	Paid Off - 360	Dec-29-00
3939709 1			40,000.00	38,621.17	Sep-08-03	10.500%	PA - 41.67%	Paid Off - 180	Dec-28-00
3940327 1			44,800.00	44,289.96	Sep-04-03	11.500%	TN - 74.05%	Paid Off - 360	Jan-10-01
3942182 1			54,800.00	52,579.10	Sep-04-03	10.500%	WV - 80.00%	Paid Off - 240	Jan-29-01
3943891 1			106,600.00	104,894.65	Sep-01-03	9.625%	FL - 83.28%	Paid Off - 360	Feb-16-01
3943966 1			63,750.00	62,917.86	Sep-03-03	10.000%	MI - 78.70%	Paid Off - 360	Feb-14-01
3944154 1			163,200.00	160,958.62	Aug-28-03	10.250%	IL - 88.31%	Paid Off - 180	Feb-16-01
3945045 1			56,250.00	55,886.30	Aug-29-03	13.250%	MI - 75.00%	Paid Off - 180	Feb-28-01
3946589 1			328,625.00	313,572.82	Aug-12-03	9.250%	NY - 83.94%	Paid Off - 240	Mar-16-01
3946621 1			85,000.00	83,961.59	Aug-20-03	11.000%	MI - 85.00%	Paid Off - 180	Mar-16-01
3948858 1			93,750.00	92,620.82	Aug-22-03	10.500%	WV - 75.00%	Paid Off - 360	Apr-23-01
3948965 1			95,250.00	88,040.21	Sep-08-03	9.500%	TX - 75.00%	Paid Off - 180	Apr-25-01
3949229 1			35,700.00	34,733.86	Aug-22-03	10.550%	MI - 85.00%	Paid Off - 360	Apr-25-01
3950623 1			42,400.00	39,060.64	Sep-03-03	10.950%	LA - 80.00%	Paid Off - 180	Jan-02-01
3952546 1			67,000.00	66,067.78	Sep-05-03	10.375%	IL - 50.38%	Paid Off - 360	Jan-16-01
3953270 1			157,250.00	154,289.55	Sep-02-03	6.250%	CA - 85.00%	Paid Off - 360	Jan-03-01
3955887 1			129,115.00	127,801.13	Sep-11-03	11.500%	GA - 85.00%	Paid Off - 360	Jan-19-01
3955945 1			51,200.00	50,292.82	Sep-11-03	10.187%	TX - 80.00%	Paid Off - 360	Jan-26-01
3956133 1			100,500.00	99,375.13	Sep-15-03	11.250%	MN - 75.00%	Paid Off - 360	Feb-01-01
3957156 1			51,000.00	50,474.89	Aug-26-03	11.930%	GA - 75.00%	Paid Off - 360	Jan-17-01
3961299 1			45,500.00	44,941.60	Aug-21-03	10.990%	MI - 70.00%	Paid Off - 360	Feb-09-01
3963261 1			248,250.00	246,324.08	Aug-04-03	12.990%	GA - 75.00%	Paid Off - 180	Feb-27-01
3964152 1			119,250.00	117,043.25	Sep-11-03	8.750%	TX - 74.58%	Paid Off - 360	Mar-13-01
3964756 1			136,000.00	133,985.41	Aug-27-03	9.875%	GA - 80.00%	Paid Off - 180	Feb-15-01
3966371 1			49,000.00	44,953.60	Sep-04-03	8.990%	IL - 70.00%	Paid Off - 180	Mar-21-01
3966561 1			33,000.00	32,054.20	Aug-29-03	10.125%	SC - 75.00%	Paid Off - 360	Feb-12-01
3966934 1			153,000.00	151,055.06	Aug-28-03	10.630%	MO - 85.00%	Paid Off - 180	Mar-09-01
3968583 1			50,750.00	50,124.78	Aug-12-03	10.590%	MO - 70.00%	Paid Off - 360	Mar-01-01
3969201 1			34,125.00	33,744.35	Sep-08-03	10.750%	IL - 75.00%	Paid Off - 360	Mar-10-01
3969615 1			99,450.00	98,697.77	Aug-19-03	12.950%	AL - 85.00%	Paid Off - 360	Mar-30-01


					Page 19 of 25				© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates

	Realized Loss Report for September 25, 2003 Distribution


	Realized Loss Report - Collateral


COLLATERAL REALIZED LOSSES								TOTAL

	*Current*
	Number of Loans Liquidated							-
	Collateral Realized Loss/(Gain) Amount							-
	Net Liquidation Proceeds							-

	*Cumulative*
	Number of Loans Liquidated							-
	Collateral Realized Loss/(Gain) Amount							-
	Net Liquidation Proceeds							-

	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 20 of 25				© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates

	Realized Loss Report for September 25, 2003 Distribution


	Realized Loss Report - Collateral


DEFAULT SPEEDS								TOTAL

	MDR							0.00%
	3 Months Avg MDR
	12 Months Avg MDR
	Avg MDR Since Cut-off							0.00%

	CDR							0.00%
	3 Months Avg CDR
	12 Months Avg CDR
	Avg CDR Since Cut-off							0.00%

	SDA							0.00%
	3 Months Avg SDA Approximation
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation							0.00%

	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 21 of 25				© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates

	Realized Loss Report for September 25, 2003 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 22 of 25				© COPYRIGHT 2003 Deutsche Bank


	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates

	Realized Loss Detail Report for September 25, 2003 Distribution


	Realized Loss Detail Report - Loans Liquidated During Current Distribution


SUMMARY						LOAN GROUP

Total Loan Count = 0						Loan Group 1 = Conform Group
Total Original Principal Balance = 0.00
Total Prior Principal Balance = 0.00
Total Realized Loss Amount = 0.00
Total Net Liquidation Proceeds = 0.00
Note: Total Realized Loss Amount may include adjustments to loans liquidated in prior periods.

Loan Number			Original	Prior		Current	State &
&		Loan	Principal	Principal	Realized	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Balance	Loss/(Gain)	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK


					Page 23 of 25				© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates

	Triggers, Adj. Rate Cert. and Miscellaneous Report for September 25, 2003 Distribution


	Triggers, Adj. Rate Cert. and Miscellaneous Report


TRIGGER EVENTS								TOTAL

	Step Down Date?							No
	Trigger Event Occuring?							No
	Delinquency Percentage							2.667626%
	Beginning Credit Enhancement Percentage							18.344095%
	Ending Credit Enhancement Percentage							19.207201%


ADJUSTABLE RATE CERTIFICATE INFORMATION								TOTAL
SPACE INTENTIONALLY LEFT BLANK


ADDITIONAL INFORMATION								TOTAL
SPACE INTENTIONALLY LEFT BLANK


				Page 24 of 25				© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates

	Additional Certificate Report for September 25, 2003 Distribution


	Additional Certificate Report


	CLASS


	M-1					0.00	0.00	0.00
	M-2					0.00	0.00	0.00
	M-3					0.00	0.00	0.00


	C						0.00	0.00


				Page 25 of 25				© COPYRIGHT 2003 Deutsche Bank

Filing Compare · FINANCIAL ASSET SEC CORP ASSET BACKED CERTS SER 2003-1