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): ~~May~~June 2527, 2005 (Date of earliest event reported) Financial Asset Securities Corporation (as Depositor under the Pooling and Servicing Agreement, dated as February 1, 2005, providing for the issuance of Soundview Home Loan Trust Series 2005-1 Asset-Backed Pass-Through Certificates, Series 2005-1) (Exact name of registrant as specified in charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-121661-03 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 ~~May~~June 2527, 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 Corp, Registrant Date: ~~Jun~~Jul 0201, 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 ~~May~~June 2527, 2005.

Soundview Home Loan Trust 2005-1
Asset Backed Certificates
2005-1
May 25, 2005 Distribution
June 27, 2005 Distribution
				External Parties						Table of Contents
													Page
				Seller
										1. Certificate Payment Report					2
				Greenwich Capital Markets
										2. Collection Account Report					6
										3. Credit Enhancement Report					8
										4. Collateral Report					9
				Certificate Insurer(s)						5. Delinquency Report					12
										6. REO Report					15
										7. Foreclosure Report					16
										8. Prepayment Report					17
										9. Prepayment Detail Report					20
										10. Realized Loss Report					2324
										11. Realized Loss Detail Report					2627
				Servicer(s)
										12. Triggers and Adj. Cert. Report					2728
				Select Portfolio Servicing, LP
										13. Additional Certificate Report					2829
				Underwriter(s)
				Greenwich Capital Markets
										Total Number of Pages					2829
				Dates						Contacts
				Cut-Off Date:			February 01, 2005			Eiko Akiyama
				Close Date:			February 28, 2005			Administrator
				First Distribution Date:			March 25, 2005			(714) 247-6328
										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92514
				Distribution Date:			~~May~~June 2527, 2005
										Factor Information:			(800) 735-7777
				Record Date:			~~April~~May 2931, 2005
										Main Phone Number:			(714) 247-6000
							May 24, 2005
							June 24, 2005
										https://www.tss.db.com/invr
Page 1 of 28
Page 1 of 29
Soundview Home Loan Trust 2005-1
Asset Backed Certificates
2005-1
May 25, 2005 Distribution
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)
I-A1	SR	$	241,800,000.00		~~225~~216,~~664~~191,~~638~~586.9852		~~620~~667,~~577~~851.7684		9,~~473~~070,~~052~~031.4613		109,~~093~~737,~~630~~882.2297		0.00		0.00		~~216~~207,~~191~~121,~~586~~555.5239
I-A2	SR	$	60,427,000.00		5654,~~394~~027,~~694~~332.5450		~~157~~169,~~905~~870.1494		2,~~367~~266,~~362~~645.04		2,~~525~~436,~~267~~515.1898		0.00		0.00		5451,~~027~~760,~~332~~687.5046
II-A1	SR	$	123,000,000.00		~~113~~105,~~246~~771,~~303~~552.7258		~~296~~311,~~327~~232.8379		711,~~474~~882,~~751~~027.1466		712,~~771~~193,~~078~~260.9745		0.00		0.00		~~105~~93,~~771~~889,~~552~~524.5892
II-A2	SR	$	127,000,000.00		127,000,000.00		~~347~~389,~~133~~995.3383		0.00		~~347~~389,~~133~~995.3383		0.00		0.00		127,000,000.00
II-A3	SR	$	32,440,000.00		32,440,000.00		92103,~~183~~483.6760		0.00		92103,~~183~~483.6760		0.00		0.00		32,440,000.00
M-1	MEZ,FLT	$	38,900,000.00		38,900,000.00		~~113~~126,~~134~~943.1767		0.00		~~113~~126,~~134~~943.1767		0.00		0.00		38,900,000.00
M-2	MEZ,FLT	$	25,285,000.00		25,285,000.00		7483,~~169~~208.3372		0.00		7483,~~169~~208.3372		0.00		0.00		25,285,000.00
M-3	MEZ,FLT	$	22,562,000.00		22,562,000.00		6674,~~745~~868.9224		0.00		6674,~~745~~868.9224		0.00		0.00		22,562,000.00
M-4	MEZ,FLT	$	19,450,000.00		19,450,000.00		6068,~~781~~107.2542		0.00		6068,~~781~~107.2542		0.00		0.00		19,450,000.00
M-5	MEZ,FLT	$	12,059,000.00		12,059,000.00		3842,~~186~~779.8330		0.00		3842,~~186~~779.8330		0.00		0.00		12,059,000.00
M-6	MEZ,FLT	$	10,892,000.00		10,892,000.00		3943,~~211~~831.2022		0.00		3943,~~211~~831.2022		0.00		0.00		10,892,000.00
M-7	MEZ,FLT	$	10,892,000.00		10,892,000.00		4044,~~118~~829.8766		0.00		4044,~~118~~829.8766		0.00		0.00		10,892,000.00
M-8	MEZ,FLT	$	7,391,000.00		7,391,000.00		2730,~~531~~758.4888		0.00		2730,~~531~~758.4888		0.00		0.00		7,391,000.00
M-9	MEZ,FLT	$	7,780,000.00		7,780,000.00		3337,~~194~~013.6735		0.00		3337,~~194~~013.6735		0.00		0.00		7,780,000.00
B-1	SUB, FLT~~, S~~	$	11,670,000.00		11,670,000.00		6067,~~975~~822.7515		0.00		6067,~~975~~822.7515		0.00		0.00		11,670,000.00
B-2	SUB, FLT~~, S~~	$	8,947,000.00		8,947,000.00		4651,~~748~~996.0898		0.00		4651,~~748~~996.0898		0.00		0.00		8,947,000.00
B-3	SUB, FLT~~, S~~	$	7,780,000.00		7,780,000.00		4045,~~650~~214.5076		0.00		4045,~~650~~214.5076		0.00		0.00		7,780,000.00
C	EXE	$	9,725,362.02		9,725,005.78		21,~~104~~787,~~144~~194.6489		0.00		21,~~104~~787,~~144~~194.6489		0.00		0.00		9,725,005.78
P	R	$	100.00		100.00		~~302~~501,~~564~~980.8379		0.00		~~302~~501,~~564~~980.8379		0.00		0.00		100.00
R	R	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
R-X	R	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Total			778,000,462.02		~~748~~728,~~078~~763,~~743~~577.0238		4,~~562~~648,~~285~~985.2503		1923,~~315~~218,~~165~~703.6483		2327,~~877~~867,~~450~~688.8986		0.00		0.00		~~728~~705,~~763~~544,~~577~~873.3855
Page 2 of 28
Page 2 of 29
Soundview Home Loan Trust 2005-1
Asset Backed Certificates
2005-1
May 25, 2005 Distribution
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)
I-A1	0405/25/05		0506/2426/05		A-Act/360		83611MCG1		241,800,000.00		~~933~~894.~~269806~~092583		2.~~566492~~762001		3937.~~177223~~510468		4140.~~743715~~272469	~~894~~856.~~092583~~582115
I-A2	0405/25/05		0506/2426/05		A-Act/360		83611MCH9		60,427,000.00		~~933~~894.~~269806~~092583		2.~~613155~~811176		3937.~~177223~~510468		4140.~~790378~~321644	~~894~~856.~~092583~~582115
II-A1	0405/25/05		0506/2426/05		A-Act/360		83611MCJ5		123,000,000.00		~~920~~859.~~701656~~931322		2.~~409169~~530348		6096.~~770334~~601851		6399.~~179504~~132199	~~859~~763.~~931322~~329471
II-A2	0405/25/05		0506/2426/05		A-Act/360		83611MCK2		127,000,000.00		1,000.000000		23.~~733333~~070833		0.000000		23.~~733333~~070833	1,000.000000
II-A3	0405/25/05		0506/2426/05		A-Act/360		83611MCL0		32,440,000.00		1,000.000000		23.~~841667~~190000		0.000000		23.~~841667~~190000	1,000.000000
M-1	0405/25/05		0506/2426/05		A-Act/360		83611MCM8		38,900,000.00		1,000.000000		23.~~908333~~263333		0.000000		23.~~908333~~263333	1,000.000000
M-2	0405/25/05		0506/2426/05		A-Act/360		83611MCN6		25,285,000.00		1,000.000000		23.~~933333~~290833		0.000000		23.~~933333~~290833	1,000.000000
M-3	0405/25/05		0506/2426/05		A-Act/360		83611MCP1		22,562,000.00		1,000.000000		23.~~958333~~318333		0.000000		23.~~958333~~318333	1,000.000000
M-4	0405/25/05		0506/2426/05		A-Act/360		83611MCQ9		19,450,000.00		1,000.000000		3.~~125000~~501667		0.000000		3.~~125000~~501667	1,000.000000
M-5	0405/25/05		0506/2426/05		A-Act/360		83611MCR7		12,059,000.00		1,000.000000		3.~~166666~~547500		0.000000		3.~~166666~~547500	1,000.000000
M-6	0405/25/05		0506/2426/05		A-Act/360		83611MCS5		10,892,000.00		1,000.000000		34.~~600000~~024166		0.000000		34.~~600000~~024166	1,000.000000
M-7	0405/25/05		0506/2426/05		A-Act/360		83611MCT3		10,892,000.00		1,000.000000		34.~~683334~~115834		0.000000		34.~~683334~~115834	1,000.000000
M-8	0405/25/05		0506/2426/05		A-Act/360		83611MCU0		7,391,000.00		1,000.000000		34.~~725001~~161667		0.000000		34.~~725001~~161667	1,000.000000
M-9	0405/25/05		0506/2426/05		A-Act/360		83611MCV8		7,780,000.00		1,000.000000		4.~~266667~~757500		0.000000		4.~~266667~~757500	1,000.000000
B-1	0405/25/05		0506/2426/05		A-Act/360		83611MCW6		11,670,000.00		1,000.000000		5.~~225000~~811667		0.000000		5.~~225000~~811667	1,000.000000
B-2	0405/25/05		0506/2426/05		A-Act/360		83611MCX4		8,947,000.00		1,000.000000		5.~~225001~~811666		0.000000		5.~~225001~~811666	1,000.000000
B-3	0405/25/05		0506/2426/05		A-Act/360		83611MCY2		7,780,000.00		1,000.000000		5.~~225000~~811666		0.000000		5.~~225000~~811666	1,000.000000
C	0405/25/05		0506/24/05		GC05S1101		9,725,362.02		999.963370		~~216~~183.~~356433~~766413		0.000000		~~216~~183.~~356433~~766413		999.963370
P	0405/25/05		0506/24/05		GC05S1102		100.00		1,000.000000		35,~~025~~019,~~648~~807.~~300000~~900000		0.000000		35,~~025~~019,~~648~~807.~~300000~~900000		1,000.000000
R	0405/25/05		0506/24/05		GC05S1103		0.00		0.000000		0.000000		0.000000		0.000000		0.000000
R-X	0405/25/05		0506/24/05		GC05S1104		0.00		0.000000		0.000000		0.000000		0.000000		0.000000
Page 3 of 28
Page 3 of 29
Soundview Home Loan Trust 2005-1
Asset Backed Certificates
2005-1
May 25, 2005 Distribution
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)
I-A1	241,800,000.00		12,~~760~~428,~~409~~261.2509		2433,~~952~~850,~~814~~170.0540		~~655~~828,~~599~~274.4321		2534,~~608~~678,~~413~~444.4861		2737,~~368~~106,~~822~~705.7370		0.00		0.00		~~216~~207,~~191~~121,~~586~~555.5239
I-A2	60,427,000.00		~~448~~618,~~359~~230.7670		68,~~235~~459,~~830~~322.0077		~~163~~206,~~837~~989.5077		68,~~399~~666,~~667~~312.5054		69,~~848~~284,~~027~~543.2624		0.00		0.00		5451,~~027~~760,~~332~~687.5046
II-A1	123,000,000.00		~~845~~1,~~431~~156,663.0382		1628,~~798~~454,~~303~~121.1842		~~430~~656,~~144~~353.2466		1729,~~228~~110,~~447~~475.4208		1830,~~073~~267,~~878~~138.4590		0.00		0.00		~~105~~93,~~771~~889,~~552~~524.5892
II-A2	127,000,000.00		~~945~~1,~~656~~335,651.1194		0.00		0.00		0.00		~~945~~1,~~656~~335,651.1194		0.00		0.00		127,000,000.00
II-A3	32,440,000.00		~~251~~355,~~626~~109.2787		0.00		0.00		0.00		~~251~~355,~~626~~109.2787		0.00		0.00		32,440,000.00
M-1	38,900,000.00		~~309~~436,~~168~~112.5623		0.00		0.00		0.00		~~309~~436,~~168~~112.5623		0.00		0.00		38,900,000.00
M-2	25,285,000.00		~~202~~285,~~771~~980.6537		0.00		0.00		0.00		~~202~~285,~~771~~980.6537		0.00		0.00		25,285,000.00
M-3	22,562,000.00		~~182~~257,~~551~~419.6589		0.00		0.00		0.00		~~182~~257,~~551~~419.6589		0.00		0.00		22,562,000.00
M-4	19,450,000.00		~~166~~234,~~664~~772.8931		0.00		0.00		0.00		~~166~~234,~~664~~772.8931		0.00		0.00		19,450,000.00
M-5	12,059,000.00		~~104~~147,~~772~~551.6090		0.00		0.00		0.00		~~104~~147,~~772~~551.6090		0.00		0.00		12,059,000.00
M-6	10,892,000.00		~~108~~151,~~163~~994.6183		0.00		0.00		0.00		~~108~~151,~~163~~994.6183		0.00		0.00		10,892,000.00
M-7	10,892,000.00		~~110~~155,~~765~~595.5925		0.00		0.00		0.00		~~110~~155,~~765~~595.5925		0.00		0.00		10,892,000.00
M-8	7,391,000.00		76106,~~045~~804.1806		0.00		0.00		0.00		76106,~~045~~804.1806		0.00		0.00		7,391,000.00
M-9	7,780,000.00		92129,~~128~~141.1752		0.00		0.00		0.00		92129,~~128~~141.1752		0.00		0.00		7,780,000.00
B-1	11,670,000.00		~~170~~238,~~252~~074.3449		0.00		0.00		0.00		~~170~~238,~~252~~074.3449		0.00		0.00		11,670,000.00
B-2	8,947,000.00		~~130~~182,~~526~~523.8078		0.00		0.00		0.00		~~130~~182,~~526~~523.8078		0.00		0.00		8,947,000.00
B-3	7,780,000.00		~~113~~158,~~501~~716.5632		0.00		0.00		0.00		~~113~~158,~~501~~716.5632		0.00		0.00		7,780,000.00
C	9,725,362.02		57,~~550~~337,~~791~~986.5140		331.81		24.43		356.24		57,~~551~~338,~~147~~342.7564		0.00		0.00		9,725,005.78
P	100.00		~~743~~1,~~070~~245,051.6039		0.00		0.00		0.00		~~743~~1,~~070~~245,051.6039		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	778,000,462.02		1216,~~312~~961,~~657~~642.1316		4770,~~987~~763,~~279~~946.0440		1,~~249~~691,~~605~~642.6007		4972,~~236~~455,~~884~~588.6447		6189,~~549~~417,~~541~~230.7763		0.00		0.00		~~728~~705,~~763~~544,~~577~~873.3855
Page 4 of 28
Page 4 of 29
Soundview Home Loan Trust 2005-1
Asset Backed Certificates
2005-1
May 25, 2005 Distribution
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)
I-A1	3.~~30000~~37000%		~~225~~216,~~664~~191,~~638~~586.9852		~~620~~667,~~577~~851.7684		0.00		0.00		0.00		~~620~~667,~~577~~851.7684		~~620~~667,~~577~~851.7684		0.00
I-A2	3.~~36000~~43000%		5654,~~394~~027,~~694~~332.5450		~~157~~169,~~905~~870.1494		0.00		0.00		0.00		~~157~~169,~~905~~870.1494		~~157~~169,~~905~~870.1494		0.00
II-A1	3.~~14000~~21000%		~~113~~105,~~246~~771,~~303~~552.7258		~~296~~311,~~327~~232.8379		0.00		0.00		0.00		~~296~~311,~~327~~232.8379		~~296~~311,~~327~~232.8379		0.00
II-A2	3.~~28000~~35000%		127,000,000.00		~~347~~389,~~133~~995.3383		0.00		0.00		0.00		~~347~~389,~~133~~995.3383		~~347~~389,~~133~~995.3383		0.00
II-A3	3.~~41000~~48000%		32,440,000.00		92103,~~183~~483.6760		0.00		0.00		0.00		92103,~~183~~483.6760		92103,~~183~~483.6760		0.00
M-1	3.~~49000~~56000%		38,900,000.00		~~113~~126,~~134~~943.1767		0.00		0.00		0.00		~~113~~126,~~134~~943.1767		~~113~~126,~~134~~943.1767		0.00
M-2	3.~~52000~~59000%		25,285,000.00		7483,~~169~~208.3372		0.00		0.00		0.00		7483,~~169~~208.3372		7483,~~169~~208.3372		0.00
M-3	3.~~55000~~62000%		22,562,000.00		6674,~~745~~868.9224		0.00		0.00		0.00		6674,~~745~~868.9224		6674,~~745~~868.9224		0.00
M-4	3.~~75000~~82000%		19,450,000.00		6068,~~781~~107.2542		0.00		0.00		0.00		6068,~~781~~107.2542		6068,~~781~~107.2542		0.00
M-5	3.~~80000~~87000%		12,059,000.00		3842,~~186~~779.8330		0.00		0.00		0.00		3842,~~186~~779.8330		3842,~~186~~779.8330		0.00
M-6	4.~~32000~~39000%		10,892,000.00		3943,~~211~~831.2022		0.00		0.00		0.00		3943,~~211~~831.2022		3943,~~211~~831.2022		0.00
M-7	4.~~42000~~49000%		10,892,000.00		4044,~~118~~829.8766		0.00		0.00		0.00		4044,~~118~~829.8766		4044,~~118~~829.8766		0.00
M-8	4.~~47000~~54000%		7,391,000.00		2730,~~531~~758.4888		0.00		0.00		0.00		2730,~~531~~758.4888		2730,~~531~~758.4888		0.00
M-9	5.~~12000~~19000%		7,780,000.00		3337,~~194~~013.6735		0.00		0.00		0.00		3337,~~194~~013.6735		3337,~~194~~013.6735		0.00
B-1	6.~~27000~~20778%		11,670,000.00		6066,~~975~~407.7574		0.00		0.00		0.00		6066,~~975~~407.7574		6067,~~975~~822.7515		0.00
B-2	6.~~27000~~20778%		8,947,000.00		4650,~~748~~912.0860		0.00		0.00		0.00		4650,~~748~~912.0860		4651,~~748~~996.0898		0.00
B-3	6.~~27000~~20778%		7,780,000.00		4044,~~650~~271.5082		0.00		0.00		0.00		4044,~~650~~271.5082		4045,~~650~~214.5076		0.00
C	~~259~~220.~~63723~~52777%		9,725,005.78		21,~~104~~787,~~144~~194.6489		0.00		0.00		0.00		21,~~104~~787,~~144~~194.6489		21,~~104~~787,~~144~~194.6489		0.00
P	0.00000%		100.00		0.00		0.00		0.00		0.00		0.00		~~302~~501,~~564~~980.8379		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			~~748~~728,~~078~~763,~~743~~577.0238		4,~~259~~143,~~720~~562.4251		0.00		0.00		0.00		4,~~259~~143,~~720~~562.4251		#######		0.00
Page 5 of 28
Page 5 of 29
Soundview Home Loan Trust 2005-1
Asset Backed Certificates
2005-1
May 25, 2005 Distribution
June 27, 2005 Distribution
Collection Account Report
SUMMARY
										Group 2		Group 1		Total
Principal Collections										711,~~474~~839,~~751~~709.1455		11,~~840~~227,~~414~~490.5089		1923,~~315~~067,~~165~~200.6444
Principal Withrawals										0.00		0.00		0.00
Principal Other Accounts										042,318.0011		0109,185.0028		0151,503.0039
TOTAL NET PRINCIPAL										711,~~474~~882,~~751~~027.1466		11,~~840~~336,~~414~~676.5017		1923,~~315~~218,~~165~~703.6483
Interest Collections										2,~~089~~057,~~161~~780.3474		2,~~196~~138,~~276~~015.0761		4,~~285~~195,~~437~~796.4135
Interest Withdrawals										-0.00		-0.00		-0.00
Interest Other Accounts										0.00		0.00		~~302~~501,~~564~~980.8379
Interest Fees										-1225,~~420~~390.4115		-1424,~~906~~960.9310		-2548,~~716~~792.9910
TOTAL NET INTEREST										2,~~076~~032,~~740~~390.9359		2,~~181~~113,~~369~~055.1451		4,~~562~~648,~~285~~985.2504
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION										913,~~551~~914,~~492~~418.0725		1413,~~021~~449,~~783~~731.6468		2327,~~877~~867,~~450~~688.8987
PRINCIPAL - COLLECTIONS
											Group 2		Group 1		Total
Scheduled Principal Received											~~175~~170,~~772~~822.0961		~~278~~271,~~437~~213.3386		~~454~~442,~~209~~036.4247
Curtailments											2616,~~939~~775.2992		2619,~~614~~575.5425		5336,~~553~~351.8317
Prepayments In Full											711,~~272~~652,~~039~~111.7602		1110,~~535~~936,~~362~~701.6378		1822,~~807~~588,~~402~~812.3980
Repurchased/Substitutions											0.00		0.00		0.00
Liquidations											0.00		0.00		0.00
Other Additional Principal											0.00		0.00		0.00
Delinquent Principal											-~~169~~150,~~860~~477.7048		-~~262~~236,~~809~~158.8266		-~~432~~386,~~670~~636.5214
Realized Losses											-0.00		-0.00		-0.00
Advanced Principal											~~169~~150,~~860~~477.7048		~~262~~236,~~809~~158.8266		~~432~~386,~~670~~636.5214
TOTAL PRINCIPAL COLLECTED											711,~~474~~839,~~751~~709.1455		11,~~840~~227,~~414~~490.5089		1923,~~315~~067,~~165~~200.6444
PRINCIPAL - WITHDRAWALS
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS
										Group 2		Group 1		Total
TOTAL PRINCIPAL OTHER ACCOUNTS										042,318.0011		0109,185.0028		0151,503.0039
Page 6 of 28
Page 6 of 29
Soundview Home Loan Trust 2005-1
Asset Backed Certificates
2005-1
May 25, 2005 Distribution
June 27, 2005 Distribution
INTEREST - COLLECTIONS
										Group 2		Group 1		Total
Scheduled Interest										2,~~231~~183,~~079~~409.8476		2,~~345~~271,~~055~~644.3558		4,~~576~~455,~~135~~054.1934
Repurchased/Substitution Interest										0.00		0.00		0.00
Liquidation Interest										0.00		0.00		0.00
Other Additional Interest										0.00		(2,~~586~~656.5040)		(2,~~586~~656.5040)
Prepayment Interest Shortfalls										-59,~~627~~097.5891		-43,~~517~~681.3335		-1012,~~144~~779.9126
Delinquent Interest										-21,~~069~~833,~~807~~907.7032		-21,~~154~~935,~~292~~650.4846		-43,~~224~~769,~~100~~557.1878
Compensating Interest										59,~~627~~097.5891		43,~~517~~681.3335		1012,~~144~~779.9126
Civil Relief Act Shortfalls										-0.00		-0.00		-0.00
Interest Advanced										1,~~927~~708,~~889~~278.1931		21,~~008~~804,~~099~~677.7188		3,~~935~~512,~~988~~956.9019
TOTAL INTEREST COLLECTED										2,~~089~~057,~~161~~780.3474		2,~~196~~138,~~276~~015.0761		4,~~285~~195,~~437~~796.4135
INTEREST - WITHDRAWALS
										Group 2		Group 1		Total
TOTAL INTEREST WITHDRAWALS										0.00		0.00		0.00
INTEREST - OTHER ACCOUNTS
										Group 2		Group 1		Total
Prepayment Charges														~~302~~501,~~564~~980.8379
TOTAL INTEREST OTHER ACCOUNTS										0.00		0.00		~~302~~501,~~564~~980.8379
INTEREST - FEES
										Group 2		Group 1		Total
Current Servicing Fees										1023,~~579~~754.1516		1223,~~929~~216.4413		2346,~~508~~970.5929
Trustee Fees										1,~~671~~636.3200		1,~~800~~743.1797		1,~~870~~821.2081
Current Custodian Fees										~~169~~0.9300		~~177~~0.3200		~~338~~0.2000
TOTAL INTEREST FEES										1225,~~420~~390.4115		1424,~~906~~960.9310		2548,~~716~~792.9910
Current Custodian Fees Rate														0.~~0006~~0000%
Page 7 of 28
Page 7 of 29
Soundview Home Loan Trust 2005-1
Asset Backed Certificates
2005-1
May 25, 2005 Distribution
June 27, 2005 Distribution
Credit Enhancement Report
ACCOUNTS
Net WAC Rate Carryover Reserve Account
Begining Balance						0.00
Amount Deposited						03,441.0073
Amount Withdrawn						03,441.0073
Ending Balance						0.00
INSURANCE
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES
										Group 2		Group 1		Total
Overcollateralization Target Amount														9,725,005.78
Overcollateralization Amount														9,725,005.78
Excess Overcollateralized Amount														0.00
Overcollateralization Release Amount														0.00
Overcollateralization Deficiency Amount														0.00
Extra Principal distribution Amount														0.00
Page 8 of 28
Page 8 of 29
Soundview Home Loan Trust 2005-1
Asset Backed Certificates
2005-1
May 25, 2005 Distribution
June 27, 2005 Distribution
Collateral Report
COLLATERAL
											Group 2		Group 1		Total
Loan Count:
Original										1,574		1,592		3,166
Prior										2,~~336~~297		2,~~370~~309		4,~~706~~606
Prefunding										01		0		01
Scheduled Paid Offs										-0		-0		-0
Full Voluntary Prepayments										-4062		-6160		-~~101~~122
Repurchases										-0		-0		-0
Liquidations										-0		-0		-0
Current										2,~~296~~235		2,~~309~~249		4,~~605~~484
Principal Balance:
Original										238,490,029.61		272,231,107.09		510,721,136.70
Prior										~~365~~358,~~994~~519,~~360~~609.7157		~~381~~370,~~893~~052,~~323~~909.8737		~~747~~728,~~887~~572,~~684~~518.5894
Prefunding										~~81,873~~0.1600		~~109,185~~0.2800		~~191,058~~0.4400
Scheduled Principal										-~~175~~170,~~772~~822.0961		-~~278~~271,~~437~~213.3386		-~~454~~442,~~209~~036.4247
Partial Prepayments										-2616,~~939~~775.2992		-2619,~~614~~575.5425		-5336,~~553~~351.8317
Full Voluntary Prepayments										-711,~~272~~652,~~039~~111.7602		-1110,~~535~~936,~~362~~701.6378		-1822,~~807~~588,~~402~~812.3980
Repurchases										-0.00		-0.00		-0.00
Liquidations										-0.00		-0.00		-0.00
Current										~~358~~346,~~601~~719,~~482~~455.7307		~~370~~358,~~162~~825,~~094~~418.6548		~~728~~705,~~763~~544,~~577~~873.3855
PREFUNDING
										Group 2		Group 1		Total
Prefunding Account Original Balance										137,345,173.98		129,934,151.34		267,279,325.32
Prefunding Account Beginning Balance										81,873.16		109,185.28		191,058.44
Subsequent Loans Added to the Pool										039,555.0005		0.00		039,555.0005
Prefund Release to Certificate Holders										042,318.0011		0109,185.0028		0151,503.0039
Prefunding Account Ending Balance										~~81,873~~0.1600		~~109,185~~0.2800		~~191,058~~0.4400
Page 9 of 28
Page 9 of 29
Soundview Home Loan Trust 2005-1
Asset Backed Certificates
2005-1
May 25, 2005 Distribution
June 27, 2005 Distribution
CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Coupon Original										7.31388%		7.36285%		7.33998%
Weighted Average Coupon Prior										7.~~31916~~31513%		7.~~39195~~36994%		7.~~35670~~34312%
Weighted Average Coupon Current										7.~~31513~~30695%		7.~~36994~~36644%		7.~~34312~~33717%
Weighted Average Months to Maturity Original										341		352		347
Weighted Average Months to Maturity Prior										~~337~~336		~~349~~348		~~343~~342
Weighted Average Months to Maturity Current										~~336~~335		~~348~~347		~~342~~341
Weighted Avg Remaining Amortization Term Original										341		352		347
Weighted Avg Remaining Amortization Term Prior										~~337~~336		~~349~~348		~~343~~342
Weighted Avg Remaining Amortization Term Current										~~336~~335		~~348~~347		~~342~~341
Weighted Average Seasoning Original										4.63		5.10		4.88
Weighted Average Seasoning Prior										45.4038		45.8281		45.6160
Weighted Average Seasoning Current										56.3837		56.8180		56.6059
Page 10 of 28
Page 10 of 29
Soundview Home Loan Trust 2005-1
Asset Backed Certificates
2005-1
May 25, 2005 Distribution
June 27, 2005 Distribution
ARM CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Margin Original										5.79759%		5.92838%		5.86993%
Weighted Average Margin Prior										5.~~89589~~88939%		5.~~99372~~98391%		5.~~94810~~93928%
Weighted Average Margin Current										5.~~88939~~87906%		5.~~98391~~98305%		5.~~93928~~93369%
Weighted Average Max Rate Original										13.39514%		13.87611%		13.66117%
Weighted Average Max Rate Prior										13.~~45728~~44839%		13.~~67235~~64071%		13.~~57207~~54990%
Weighted Average Max Rate Current										13.~~44839~~43342%		13.~~64071~~63435%		13.~~54990~~53898%
Weighted Average Min Rate Original										6.50114%		7.34830%		6.96972%
Weighted Average Min Rate Prior										6.~~60155~~59168%		7.~~31580~~28914%		6.~~98278~~95980%
Weighted Average Min Rate Current										6.~~59168~~57834%		7.~~28914~~28438%		6.~~95980~~94925%
Weighted Average Cap Up Original										1.14437%		1.24939%		1.20246%
Weighted Average Cap Up Prior										1.~~09083~~08838%		1.~~16836~~16541%		1.~~13221~~12904%
Weighted Average Cap Up Current										1.~~08838~~08739%		1.~~16541~~16451%		1.~~12904~~12790%
Weighted Average Cap Down Original										1.14437%		1.24939%		1.20246%
Weighted Average Cap Down Prior										1.~~09083~~08838%		1.~~16836~~16541%		1.~~13221~~12904%
Weighted Average Cap Down Current										1.~~08838~~08739%		1.~~16541~~16451%		1.~~12904~~12790%
SERVICING FEES & ADVANCES
											Group 2		Group 1		Total
Current Servicing Fees										1023,~~579~~754.1516		1223,~~929~~216.4413		2346,~~508~~970.5929
Delinquent Servicing Fees										~~141~~125,~~918~~629.5001		~~146~~130,~~192~~972.7858		~~288~~256,~~111~~601.2859
TOTAL SERVICING FEES										~~152~~149,~~497~~399.66		~~159~~154,~~122~~188.2271		~~311~~303,~~619~~588.8837
Total Servicing Fees										~~152~~149,~~497~~399.66		~~159~~154,~~122~~188.2271		~~311~~303,~~619~~588.8837
Compensating Interest										-59,~~627~~097.5891		-43,~~517~~681.3335		-1012,~~144~~779.9126
Delinquent Servicing Fees										-~~141~~125,~~918~~629.5001		-~~146~~130,~~192~~972.7858		-~~288~~256,~~111~~601.2859
COLLECTED SERVICING FEES										414,~~951~~672.5873		819,~~412~~534.1179		1334,~~363~~207.7052
Total Advaced Interest										1,~~927~~708,~~889~~278.1931		21,~~008~~804,~~099~~677.7188		3,~~935~~512,~~988~~956.9019
Total Advaced Principal										~~169~~150,~~860~~477.7048		~~262~~236,~~809~~158.8266		~~432~~386,~~670~~636.5214
Aggregate Advances with respect to this Distribution										~~447~~401,~~863~~075.6294		~~279~~247,~~284~~346.7519		~~727~~648,~~148~~422.3713
ADDITIONAL COLLATERAL INFORMATION
										Group 2		Group 1		Total
Prepayment Interest Shortfall (PPIS)										59,~~627~~097.5891		43,~~517~~681.3335		1012,~~144~~779.9126
Compensating Interest										-59,~~627~~097.5891		-43,~~517~~681.3335		-1012,~~144~~779.9126
Net Prepayment Interest Shortfall (PPIS)										0.00		0.00		0.00
Weighted Average Net Mortgage Rate														7.~~318404~~655133%
Libor For Current Period														3.~~0200~~0900%
Libor For Next Period														30.~~0900~~0000%
Page 11 of 28
Page 11 of 29
Soundview Home Loan Trust 2005-1
Asset Backed Certificates
2005-1
May 25, 2005 Distribution
June 27, 2005 Distribution
Delinquency Report
	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				5919,~~281~~006,~~030~~009.0507		114,~~577~~756,~~823~~465.5381		1,~~221~~161,~~060~~830.9965		6234,~~079~~924,~~914~~305.5753
			% Balance				82.1469%		02.2209%		0.1716%		84.5295%
			# Loans				~~369~~123		894		65		~~383~~222
			% # Loans				82.0174%		02.1710%		0.1311%		84.3295%
	FORECLOSURE		Balance		0.00		0.00		0724,778.0069		0119,199.0096		0843,978.0065
			% Balance		0.00%		0.00%		0.0010%		0.0002%		0.0012%
			# Loans		0		0		03		01		04
			% # Loans		0.00%		0.00%		0.0007%		0.0002%		0.0009%
	BANKRUPTCY		Balance		2,~~397~~181,~~326~~393.3128		1480,~~012,540~~892.7570		0841,813.0081		0.00		3,~~409~~504,~~867~~099.0679
			% Balance		0.3331%		0.1407%		0.0012%		0.00%		0.4750%
			# Loans		1918		62		05		0		25
			% # Loans		0.4140%		0.1304%		0.0011%		0.00%		0.5456%
	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		2,~~397~~181,~~326~~393.3128		6019,~~293~~486,~~570~~901.8077		116,~~577~~323,~~823~~058.5331		1,~~221~~281,~~060~~030.9961		6539,~~489~~272,~~781~~383.6397
			% Balance		0.3331%		82.2876%		02.2231%		0.1718%		85.9957%
			# Loans		1918		~~375~~125		8102		6		~~408~~251
			% # Loans		0.4140%		82.1479%		02.1727%		0.13%		85.8660%
Page 12 of 28
Page 12 of 29
Soundview Home Loan Trust 2005-1
Asset Backed Certificates
2005-1
May 25, 2005 Distribution
June 27, 2005 Distribution
	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				3010,~~510~~463,~~846~~196.0644		~~728~~7,~~016~~570,489.1681		1911,~~131,267~~335.9250		3218,~~370~~945,~~130~~021.1475
			% Balance				82.2492%		02.2011%		0.3125%		85.7528%
			# Loans				~~184~~68		348		53		~~192~~119
			% # Loans				73.9702%		02.13%		0.2213%		85.3229%
	FORECLOSURE		Balance		0.00		0.00		0242,302.0001		0.00		0242,302.0001
			% Balance		0.00%		0.00%		0.0007%		0.00%		0.0007%
			# Loans		0		0		02		0		02
			% # Loans		0.00%		0.00%		0.0009%		0.00%		0.0009%
	BANKRUPTCY		Balance		1,~~580~~657,~~135~~991.7038		~~1,012,540~~0.7500		0841,813.0081		0.00		2,~~592~~499,~~676~~805.4519
			% Balance		0.4346%		0.2700%		0.0023%		0.00%		0.70%
			# Loans		13		60		05		0		1918
			% # Loans		0.5658%		0.2600%		0.0022%		0.00%		0.8280%
	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		1,~~580~~657,~~135~~991.7038		3110,~~523~~463,~~386~~196.8144		~~728~~8,~~016~~654,605.1663		1911,~~131,267~~335.9250		3421,~~962~~687,~~806~~128.5995
			% Balance		0.4346%		82.5292%		02.2041%		0.3125%		96.4504%
			# Loans		13		~~190~~68		355		53		~~211~~139
			% # Loans		0.5658%		83.2302%		02.1345%		0.2213%		96.1418%
Page 13 of 28
Page 13 of 29
Soundview Home Loan Trust 2005-1
Asset Backed Certificates
2005-1
May 25, 2005 Distribution
June 27, 2005 Distribution
	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				288,~~770~~542,~~183~~812.9963		~~849~~7,~~807~~185,976.3700		89250,~~793~~495.0715		2915,~~709~~979,~~784~~283.4378
			% Balance				82.0246%		02.2407%		0.0307%		84.2961%
			# Loans				~~185~~55		546		12		~~191~~103
			% # Loans				82.0646%		02.2206%		0.0409%		84.3261%
	FORECLOSURE		Balance		0.00		0.00		0482,476.0068		0119,199.0096		0601,676.0064
			% Balance		0.00%		0.00%		0.0014%		0.0003%		0.0017%
			# Loans		0		0		01		01		02
			% # Loans		0.00%		0.00%		0.0004%		0.0004%		0.0009%
	BANKRUPTCY		Balance		~~817~~523,~~190~~401.6190		0480,892.0070		0.00		0.00		~~817~~1,~~190~~004,294.6160
			% Balance		0.2315%		0.0014%		0.00%		0.00%		0.2329%
			# Loans		65		02		0		0		67
			% # Loans		0.2622%		0.0009%		0.00%		0.00%		0.2631%
	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		~~817~~523,~~190~~401.6190		289,~~770~~023,~~183~~705.9933		~~849~~7,~~807~~668,452.3768		89369,~~793~~695.0711		3017,~~526~~585,~~975~~255.0402
			% Balance		0.2315%		82.0260%		02.2421%		0.0311%		85.5107%
			# Loans		65		~~185~~57		547		13		~~197~~112
			% # Loans		0.2622%		82.0655%		02.2210%		0.0413%		85.5801%
Page 14 of 28
Page 14 of 29
Soundview Home Loan Trust 2005-1
Asset Backed Certificates
2005-1
May 25, 2005 Distribution
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 15 of 28
Page 15 of 29
Soundview Home Loan Trust 2005-1
Asset Backed Certificates
2005-1
May 25, 2005 Distribution
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
64035272 1
Page 16 of 28
			123,500.00		122,962.78		01-Feb-2005		9.150%		AZ - 95.00%		360		01-Nov-2004
409215202 1			120,000.00		119,339.23		01-Feb-2005		7.990%		VA - 80.00%		360		01-Nov-2004
62539754 2			484,500.00		482,476.68		01-Feb-2005		8.680%		IL - 95.00%		360		01-Dec-2004
409024269 2			119,200.00		119,199.96		01-Jan-2005		7.000%		UT - 80.00%		360		01-Nov-2004
TOTAL			847,200.00		843,978.65
Page 16 of 29
Soundview Home Loan Trust 2005-1
Asset Backed Certificates
2005-1
May 25, 2005 Distribution
June 27, 2005 Distribution
Prepayment Report
VOLUNTARY PREPAYMENTS
											Group 2		Group 1		Total
Current
Number of Paid in Full Loans										4062		6160		~~101~~122
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										4062		6160		~~101~~122
Curtailments Amount										2616,~~939~~775.2992		2619,~~614~~575.5425		5336,~~553~~351.8317
Paid in Full Balance										711,~~272~~652,~~039~~111.7602		1110,~~535~~936,~~362~~701.6378		1822,~~807~~588,~~402~~812.3980
Repurchased Loans Balance										0.00		0.00		0.00
Total Prepayment Amount										711,~~298~~668,~~979~~886.0594		1110,~~561~~956,~~977~~277.1703		1822,~~860~~625,~~956~~163.2297
Cumulative
Number of Paid in Full Loans										92154		~~156~~216		~~248~~370
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										92154		~~156~~216		~~248~~370
Paid in Full Balance										1628,~~561~~213,~~155~~266.0204		3041,~~938~~874,~~025~~727.5028		4770,~~499~~087,~~180~~993.5232
Repurchased Loans Balance										0.00		0.00		0.00
Curtailments Amount										~~145~~162,~~853~~628.0294		~~309~~329,~~976~~551.4065		~~455~~492,~~829~~180.4259
Total Prepayment Amount										1628,~~707~~375,~~008~~894.0498		3142,~~248~~204,~~001~~278.9093		4770,~~955~~580,~~009~~173.9491
Page 17 of 28
Page 17 of 29
Soundview Home Loan Trust 2005-1
Asset Backed Certificates
2005-1
May 25, 2005 Distribution
June 27, 2005 Distribution
VOLUNTARY PREPAYMENTS RATES
											Group 2		Group 1		Total
SMM										23.0025%		32.0396%		23.5210%
3 Months Avg SMM										12.5847%		23.7938%		2.2094%
12 Months Avg SMM										12.5800%		2.7983%		2.2043%
Avg SMM Since Cut-off										12.5800%		2.7983%		2.2043%
CPR										2132.4869%		30.8730%		2631.4149%
3 Months Avg CPR										1725.3693%		2833.7782%		2330.4508%
12 Months Avg CPR										1721.3650%		2829.7716%		2325.4554%
Avg CPR Since Cut-off										1721.3650%		2829.7716%		2325.4554%
PSA										12,~~994~~566.9479%		2,~~658~~228.3455%		2,~~358~~390.8412%
3 Months Avg PSA Approximation										12,~~807~~408.9140%		2,~~745~~911.2247%		2,~~331~~686.7916%
12 Months Avg PSA Approximation										12,~~807~~069.9138%		2,~~745~~589.2253%		2,~~331~~357.7929%
Avg PSA Since Cut-off Approximation										12,~~807~~069.9138%		2,~~745~~589.2253%		2,~~331~~357.7929%
Page 18 of 28
Page 18 of 29
Soundview Home Loan Trust 2005-1
Asset Backed Certificates
2005-1
May 25, 2005 Distribution
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 19 of 28
Page 19 of 29
Soundview Home Loan Trust 2005-1
Asset Backed Certificates
2005-1
May 25, 2005 Distribution
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
11049901 1			50,000.00		49,887.53			27-Apr-2005		10.880%		CA - 100.00%		Paid Off - 180		01-Nov-2004
1000355251 2			39,555.05		39,555.05			31-May-2005		10.770%		IL - 100.00%		Repur/Subs - 180		01-Jan-2005
11051675 1			70,000.00		69,897.61			22-Apr-2005		11.990%		MD - 100.00%		Paid Off - 180		01-Dec-2004
11050829 2			180,750.00		180,273.64			14-Jun-2005		10.880%		CA - 100.00%		Paid Off - 180		01-Nov-2004
11052888 2			86,000.00		85,778.93			27-Apr-2005		10.250%		CA - 100.00%		Paid Off - 180		01-Nov-2004
11053338 1			175,840.00		175,735.45			15-Jun-2005		5.250%		CA - 80.00%		Paid Off - 360		01-Dec-2004
11053099 2			42,550.00		42,172.51			18-Apr-2005		10.500%		ME - 85.00%		Paid Off - 240		01-Oct-2004
11055971 2			47,000.00		46,894.28			26-May-2005		10.880%		CA - 100.00%		Paid Off - 180		01-Dec-2004
11054486 2			63,900.00		63,780.77			02-May-2005		10.880%		CA - 100.00%		Paid Off - 180		01-Dec-2004
11059117 2			37,200.00		37,143.95			03-Jun-2005		12.880%		AZ - 100.00%		Paid Off - 180		01-Dec-2004
11057358 2			78,200.00		78,041.86			21-Apr-2005		10.500%		CA - 100.00%		Paid Off - 180		01-Dec-2004
11061605 2			32,780.00		32,722.16			07-Jun-2005		11.990%		FL - 100.00%		Paid Off - 180		01-Dec-2004
11060631 1			310,000.00		310,000.00			03-May-2005		5.750%		CA - 68.43%		Paid Off - 360		01-Dec-2004
11062272 2			27,084.00		27,044.73			01-Jun-2005		12.880%		FL - 100.00%		Paid Off - 180		01-Dec-2004
11062164 1			47,000.00		46,913.38			10-May-2005		11.250%		AZ - 100.00%		Paid Off - 180		01-Dec-2004
11062744 1			66,000.00		65,863.46			06-Jun-2005		11.990%		NY - 100.00%		Paid Off - 180		01-Nov-2004
11064572 1			52,000.00		51,880.54			29-Apr-2005		9.900%		NV - 93.90%		Paid Off - 180		01-Dec-2004
11064370 2			60,323.00		60,190.31			27-May-2005		12.880%		MD - 100.00%		Paid Off - 180		01-Dec-2004
11076888 1			15,000.00		14,966.22			15-Apr-2005		9.990%		TX - 100.00%		Paid Off - 180		01-Dec-2004
11069617 1			140,250.00		140,250.00			17-May-2005		5.450%		CA - 85.00%		Paid Off - 360		01-Dec-2004
11078143 2			47,000.00		46,912.30			29-Apr-2005		10.880%		CA - 90.00%		Paid Off - 180		01-Dec-2004
58674714 1			91,800.00		91,007.33			02-Jun-2005		7.500%		AZ - 90.00%		Paid Off - 360		01-Jul-2004
59848655 1			51,000.00		50,795.37			28-Apr-2005		10.850%		CA - 100.00%		Paid Off - 360		01-Aug-2004
58718792 1			70,000.00		69,770.77			08-Jun-2005		12.050%		CA - 100.00%		Paid Off - 360		01-Jul-2004
61066916 1			113,475.00		112,897.55			13-May-2005		6.900%		NM - 85.00%		Paid Off - 360		01-Nov-2004
59897330 1			182,732.00		181,977.16			14-Jun-2005		9.400%		OH - 80.00%		Paid Off - 360		01-Oct-2004
61374815 1			130,500.00		129,667.25			22-Apr-2005		7.650%		NJ - 90.00%		Paid Off - 360		01-Oct-2004
60199379 2			33,980.00		33,864.36			08-Jun-2005		10.900%		NJ - 100.00%		Paid Off - 360		01-Sep-2004
61592754 2			140,250.00		139,304.90			18-Apr-2005		7.450%		AZ - 85.00%		Paid Off - 360		01-Nov-2004
60579091 1			198,750.00		197,876.50			07-Jun-2005		9.100%		NJ - 75.00%		Paid Off - 360		01-Oct-2004
61993739 1			224,675.00		223,564.62			20-Apr-2005		7.050%		MN - 95.00%		Paid Off - 360		01-Nov-2004
60593357 1			57,750.00		57,446.51			20-May-2005		8.850%		WI - 75.00%		Paid Off - 360		01-Sep-2004
62093877 1			128,000.00		127,203.56			26-Apr-2005		5.850%		CA - 51.72%		Paid Off - 360		01-Nov-2004
61159653 2			182,750.00		181,715.26			17-May-2005		7.850%		CA - 85.00%		Paid Off - 360		01-Oct-2004
62105895 1			155,700.00		154,932.53			21-Apr-2005		8.250%		IL - 90.00%		Paid Off - 360		01-Oct-2004
61579793 1			149,600.00		148,581.02			09-Jun-2005		6.200%		FL - 80.00%		Paid Off - 360		01-Nov-2004
62156211 2			375,250.00		373,505.02			05-May-2005		7.770%		NJ - 95.00%		Paid Off - 360		01-Nov-2004
61902870 1			225,000.00		223,877.83			19-May-2005		7.800%		MD - 90.00%		Paid Off - 360		01-Nov-2004
62209515 1			144,000.00		143,445.14			21-Apr-2005		8.300%		FL - 90.00%		Paid Off - 360		01-Nov-2004
61931812 1			55,000.00		54,149.22			03-Jun-2005		11.250%		CA - 100.00%		Paid Off - 180		01-Nov-2004
62239314 1			122,400.00		121,780.38			05-May-2005		7.800%		FL - 86.20%		Paid Off - 360		01-Oct-2004
61935391 1			105,000.00		104,481.48			25-May-2005		7.850%		PA - 70.47%		Paid Off - 360		01-Nov-2004
62285416 1			345,500.00		344,127.74			25-Apr-2005		8.150%		CA - 74.30%		Paid Off - 360		01-Nov-2004
62044110 1			90,000.00		89,564.35			26-May-2005		7.950%		NY - 90.00%		Paid Off - 360		01-Nov-2004
62321039 2			75,000.00		74,091.04			10-May-2005		6.800%		NC - 69.44%		Paid Off - 360		01-Nov-2004
62198171 1			357,000.00		355,183.69			24-May-2005		7.700%		CA - 85.00%		Paid Off - 360		01-Nov-2004
62705470 1			63,000.00		62,767.21			13-May-2005		10.400%		CA - 100.00%		Paid Off - 360		01-Nov-2004
62341516 2			308,700.00		307,217.78			25-May-2005		7.990%		CA - 90.00%		Paid Off - 360		01-Nov-2004
62941950 1			292,000.00		290,615.94			03-May-2005		7.260%		IL - 69.52%		Paid Off - 360		01-Nov-2004
62384797 1			148,500.00		147,766.68			03-Jun-2005		7.850%		IL - 90.00%		Paid Off - 360		01-Nov-2004
62958079 1			358,700.00		356,382.85			04-May-2005		5.650%		CA - 85.00%		Paid Off - 360		01-Nov-2004
62422514 1			117,600.00		116,791.33			09-Jun-2005		6.150%		MI - 80.00%		Paid Off - 360		01-Nov-2004
63166953 2			56,788.00		56,681.22			03-May-2005		11.700%		NV - 100.00%		Paid Off - 360		01-Nov-2004
62723432 2			89,000.00		88,820.26			07-Jun-2005		12.100%		CA - 100.00%		Paid Off - 360		01-Nov-2004
63197032 1			152,000.00		151,551.85			02-May-2005		9.600%		HI - 80.00%		Paid Off - 360		01-Nov-2004
62974399 1			172,500.00		171,757.56			09-Jun-2005		7.750%		IL - 89.38%		Paid Off - 360		01-Dec-2004
63331151 1			316,800.00		315,091.39			05-May-2005		6.600%		CA - 80.00%		Paid Off - 360		01-Nov-2004
63018154 2			412,000.00		409,400.46			14-Jun-2005		6.600%		CA - 74.23%		Paid Off - 360		01-Nov-2004
63417430 1			178,000.00		177,021.30			09-May-2005		6.500%		WY - 79.11%		Paid Off - 360		01-Nov-2004
63190599 1			359,200.00		356,889.67			10-Jun-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Nov-2004
63641435 2			168,000.00		167,002.94			04-May-2005		6.100%		AZ - 80.00%		Paid Off - 360		01-Nov-2004
63223150 1			240,000.00		239,416.58			01-Jun-2005		11.250%		CA - 47.06%		Paid Off - 360		01-Nov-2004
63656797 1			171,000.00		170,386.36			29-Apr-2005		8.650%		IL - 90.00%		Paid Off - 360		01-Nov-2004
63283915 1			189,600.00		188,519.19			13-Jun-2005		7.500%		IL - 80.00%		Paid Off - 360		01-Nov-2004
63676118 1			172,500.00		171,375.22			29-Apr-2005		5.600%		RI - 75.00%		Paid Off - 360		01-Nov-2004
63313795 1			105,000.00		104,576.51			07-Jun-2005		8.850%		FL - 75.00%		Paid Off - 360		01-Nov-2004
63702070 2			78,000.00		77,583.33			29-Apr-2005		6.650%		CA - 34.67%		Paid Off - 360		01-Nov-2004
63318232 1			248,200.00		241,845.36			06-Jun-2005		7.250%		IL - 85.00%		Paid Off - 360		01-Nov-2004
63762959 1			208,000.00		207,131.25			29-Apr-2005		7.900%		CA - 80.00%		Paid Off - 360		01-Nov-2004
63352470 2			460,000.00		458,209.49			23-May-2005		8.250%		CA - 74.19%		Paid Off - 360		01-Dec-2004
64081276 1			328,500.00		326,728.30			13-May-2005		6.600%		CA - 90.00%		Paid Off - 360		01-Nov-2004
63602551 1			205,000.00		203,974.93			02-Jun-2005		6.990%		CA - 83.67%		Paid Off - 360		01-Dec-2004
64241433 1			261,261.00		260,498.36			04-May-2005		8.750%		FL - 95.00%		Paid Off - 360		01-Dec-2004
63642318 1			300,000.00		298,559.50			27-May-2005		7.990%		NJ - 83.80%		Paid Off - 360		01-Nov-2004
Page 20 of 28
Page 20 of 29
Soundview Home Loan Trust 2005-1
Asset Backed Certificates
2005-1
May 25, 2005 Distribution
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
64248792 2			185,000.00		183,763.88			04-May-2005		5.500%		CA - 78.72%		Paid Off - 360		01-Nov-2004
63830079 2			450,000.00		446,471.74			10-Jun-2005		5.450%		CA - 84.91%		Paid Off - 360		01-Nov-2004
64435951 1			174,800.00		174,204.45			27-Apr-2005		7.990%		IL - 95.00%		Paid Off - 360		01-Dec-2004
63934079 1			152,150.00		151,514.50			14-Jun-2005		7.900%		FL - 85.00%		Paid Off - 360		01-Dec-2004
403107750 1			177,208.00		177,207.98			16-May-2005		5.750%		CA - 80.00%		Paid Off - 360		01-Jun-2004
63948673 2			417,769.00		414,411.86			26-May-2005		7.350%		CA - 85.00%		Paid Off - 360		01-Nov-2004
406088042 1			30,000.00		29,850.90			19-Apr-2005		8.500%		PA - 40.00%		Paid Off - 360		01-Sep-2004
64241391 1			240,000.00		238,325.19			02-Jun-2005		6.150%		CA - 77.42%		Paid Off - 360		01-Nov-2004
407214436 1			114,000.00		113,261.64			13-May-2005		6.500%		NC - 95.00%		Paid Off - 360		01-Oct-2004
64280191 2			88,000.00		87,477.17			10-Jun-2005		9.450%		FL - 100.00%		Paid Off - 360		01-Nov-2004
407305616 2			200,000.00		199,101.06			29-Apr-2005		9.990%		NV - 74.07%		Paid Off - 360		01-Oct-2004
85186005 1			160,000.00		159,231.75			19-May-2005		7.990%		CA - 69.57%		Paid Off - 360		01-Nov-2004
408051582 1			110,000.00		109,521.10			12-May-2005		7.750%		NJ - 62.50%		Paid Off - 360		01-Nov-2004
89690200 1			210,000.00		208,956.66			15-Jun-2005		8.500%		CA - 79.85%		Paid Off - 360		01-Oct-2004
408120050 2			361,000.00		358,887.93			02-May-2005		6.990%		CA - 95.00%		Paid Off - 360		01-Oct-2004
93206225 1			170,000.00		169,300.12			25-May-2005		8.750%		FL - 85.00%		Paid Off - 360		01-Nov-2004
408129460 1			256,000.00		254,735.92			04-May-2005		7.850%		NY - 80.00%		Paid Off - 360		01-Oct-2004
405265247 1			158,000.00		155,833.75			31-May-2005		7.250%		CA - 63.71%		Paid Off - 360		01-Nov-2004
408174605 1			204,000.00		202,972.33			10-May-2005		7.750%		NV - 85.00%		Paid Off - 360		01-Oct-2004
406211253 2			180,000.00		178,902.99			07-Jun-2005		7.490%		OH - 100.00%		Paid Off - 360		01-Oct-2004
408186076 1			150,000.00		149,214.12			03-May-2005		6.750%		CA - 50.00%		Paid Off - 360		01-Nov-2004
406222889 2			75,000.00		74,529.87			31-May-2005		8.490%		FL - 100.00%		Paid Off - 360		01-Aug-2004
408186438 2			448,000.00		445,508.84			21-Apr-2005		7.250%		CA - 81.75%		Paid Off - 360		01-Oct-2004
408051931 1			240,000.00		239,772.49			03-Jun-2005		6.000%		CA - 80.00%		Paid Off - 360		01-Nov-2004
408187172 1			329,400.00		328,179.80			13-May-2005		8.500%		CA - 90.00%		Paid Off - 360		01-Nov-2004
408052066 2			156,000.00		154,792.00			20-May-2005		6.250%		CA - 80.00%		Paid Off - 360		01-Oct-2004
408209509 1			204,250.00		203,103.00			18-Apr-2005		7.200%		MD - 95.00%		Paid Off - 360		01-Oct-2004
408131449 2			75,000.00		74,395.19			09-Jun-2005		8.650%		CA - 55.56%		Paid Off - 360		01-Nov-2004
408209735 1			108,800.00		108,386.52			03-May-2005		8.500%		MD - 85.00%		Paid Off - 360		01-Nov-2004
408231105 2			153,000.00		151,811.47			14-Jun-2005		5.500%		CA - 85.00%		Paid Off - 360		01-Nov-2004
408254428 1			185,000.00		184,235.01			21-Apr-2005		7.950%		MD - 84.09%		Paid Off - 360		01-Nov-2004
408231523 2			443,480.00		440,721.56			26-May-2005		7.380%		NM - 80.00%		Paid Off - 360		01-Oct-2004
408254563 2			55,250.00		55,083.64			19-Apr-2005		9.500%		OH - 65.00%		Paid Off - 360		01-Nov-2004
408231913 1			123,375.00		122,840.55			15-Jun-2005		8.500%		NV - 75.00%		Paid Off - 360		01-Nov-2004
408267122 1			311,200.00		309,721.19			11-May-2005		7.250%		CA - 80.00%		Paid Off - 360		01-Nov-2004
408242610 1			182,750.00		181,780.83			24-May-2005		7.500%		IL - 85.00%		Paid Off - 360		01-Nov-2004
408309643 1			162,750.00		161,898.81			27-Apr-2005		6.760%		CO - 75.00%		Paid Off - 360		01-Nov-2004
408254297 1			247,000.00		245,795.66			03-Jun-2005		7.990%		NY - 70.57%		Paid Off - 360		01-Nov-2004
409012120 2			44,000.00		43,819.52			06-May-2005		7.990%		OK - 80.00%		Paid Off - 360		01-Nov-2004
408277799 1			266,000.00		264,847.76			27-May-2005		8.500%		CA - 80.00%		Paid Off - 360		01-Nov-2004
409012367 2			210,000.00		209,429.65			20-Apr-2005		9.990%		CA - 60.00%		Paid Off - 360		01-Nov-2004
409012927 2			260,000.00		258,554.22			14-Jun-2005		7.250%		CA - 65.82%		Paid Off - 360		01-Nov-2004
409077465 1			295,000.00		293,665.66			27-Apr-2005		7.500%		NJ - 40.69%		Paid Off - 360		01-Nov-2004
409013031 2			224,250.00		223,499.50			20-May-2005		9.750%		NV - 75.00%		Paid Off - 360		01-Nov-2004
409102760 1			225,940.00		224,810.25			02-May-2005		6.990%		CA - 80.00%		Paid Off - 360		01-Nov-2004
409023791 1			176,715.00		175,732.33			18-May-2005		7.250%		NJ - 85.00%		Paid Off - 360		01-Nov-2004
409170902 2			464,079.00		462,447.47			25-Apr-2005		8.750%		VA - 75.00%		Paid Off - 360		01-Nov-2004
409023950 2			249,900.00		248,537.38			23-May-2005		7.350%		OH - 85.00%		Paid Off - 360		01-Nov-2004
409171374 1			114,300.00		113,756.29			22-Apr-2005		7.250%		NJ - 90.00%		Paid Off - 360		01-Nov-2004
409024922 1			204,000.00		202,856.96			01-Jun-2005		7.250%		CT - 74.73%		Paid Off - 360		01-Nov-2004
409171397 1			195,500.00		194,799.17			28-Apr-2005		8.660%		IL - 85.00%		Paid Off - 360		01-Nov-2004
409025181 2			106,200.00		105,396.21			18-May-2005		5.900%		CA - 46.78%		Paid Off - 360		01-Nov-2004
409237902 1			258,000.00		256,648.28			03-May-2005		6.750%		CA - 66.15%		Paid Off - 360		01-Nov-2004
409035990 1			237,274.00		236,134.74			01-Jun-2005		7.990%		MA - 39.55%		Paid Off - 360		01-Nov-2004
409239206 1			324,000.00		322,455.89			09-May-2005		7.250%		VA - 80.00%		Paid Off - 360		01-Nov-2004
409077815 1			207,200.00		205,950.08			09-Jun-2005		6.880%		LA - 80.00%		Paid Off - 360		01-Nov-2004
409282750 1			324,000.00		322,560.47			02-May-2005		7.590%		VA - 80.00%		Paid Off - 360		01-Nov-2004
409089745 2			210,000.00		209,322.71			18-May-2005		9.990%		CA - 60.00%		Paid Off - 360		01-Nov-2004
1000189313 2			357,000.00		356,779.42			26-Apr-2005		7.280%		CA - 79.33%		Paid Off - 360		01-Sep-2004
409090613 1			270,000.00		268,853.79			10-Jun-2005		8.600%		CA - 54.00%		Paid Off - 360		01-Nov-2004
1000276163 2			220,000.00		219,999.90			04-May-2005		6.780%		IL - 80.00%		Paid Off - 360		01-Jan-2005
409102089 2			374,400.00		372,605.53			27-May-2005		8.000%		FL - 80.00%		Paid Off - 360		01-Nov-2004
1000276185 2			55,000.00		54,899.32			04-May-2005		9.900%		IL - 100.00%		Paid Off - 180		01-Jan-2005
409134893 2			180,000.00		179,427.26			16-May-2005		9.990%		CA - 44.89%		Paid Off - 360		01-Nov-2004
1000285039 2			235,000.00		233,110.99			03-May-2005		6.880%		NV - 57.32%		Paid Off - 360		01-Jan-2005
409145604 2			131,100.00		130,502.54			08-Jun-2005		8.250%		TX - 89.79%		Paid Off - 360		01-Nov-2004
1000308451 1			328,000.00		326,869.68			05-May-2005		7.330%		CA - 58.57%		Paid Off - 360		01-Jan-2005
409145856 1			163,000.00		162,046.35			10-Jun-2005		6.990%		CA - 89.32%		Paid Off - 360		01-Nov-2004
1000336171 1			337,500.00		336,404.50			16-May-2005		7.100%		CA - 75.00%		Paid Off - 360		01-Jan-2005
409146234 1			146,000.00		145,367.51			01-Jun-2005		8.500%		MA - 80.00%		Paid Off - 360		01-Nov-2004
1000341526 2			244,000.00		244,000.00			02-May-2005		6.700%		CA - 80.00%		Paid Off - 360		01-Feb-2005
409169298 1			102,400.00		101,800.84			25-May-2005		6.990%		CA - 80.00%		Paid Off - 360		01-Nov-2004
1000341537 1			61,000.00		60,912.06			09-May-2005		9.650%		CA - 100.00%		Paid Off - 180		01-Feb-2005
409169444 1			324,000.00		322,267.84			07-Jun-2005		7.450%		NY - 90.00%		Paid Off - 360		01-Nov-2004
1000354610 2			111,000.00		110,754.71			09-May-2005		9.000%		FL - 100.00%		Paid Off - 180		01-Jan-2005
409171810 2			146,798.00		146,797.95			31-May-2005		7.250%		AZ - 80.00%		Paid Off - 360		01-Nov-2004
Page 21 of 28
Page 21 of 29
Soundview Home Loan Trust 2005-1
Asset Backed Certificates
2005-1
May 25, 2005 Distribution
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
1000359749 2			99,450.00		99,450.00			11-May-2005		8.000%		MO - 85.00%		Paid Off - 360		01-Feb-2005
409203461 2			220,000.00		220,000.00			26-May-2005		6.380%		WA - 80.00%		Paid Off - 360		01-Nov-2004
1000384411 1			213,600.00		213,191.62			02-May-2005		6.230%		CA - 80.00%		Paid Off - 360		01-Mar-2005
409215073 1			208,000.00		207,184.89			15-Jun-2005		8.990%		CA - 64.60%		Paid Off - 360		01-Nov-2004
1000384422 1			53,400.00		53,352.46			04-May-2005		9.990%		CA - 100.00%		Paid Off - 180		01-Mar-2005
1000334292 1			199,000.00		198,064.11			06-Jun-2005		6.350%		CA - 66.33%		Paid Off - 360		01-Jan-2005
1000385232 1			50,400.00		50,327.89			10-May-2005		7.700%		TX - 80.00%		Paid Off - 360		01-Mar-2005
1000354788 1			200,000.00		199,386.30			01-Jun-2005		7.450%		IL - 64.52%		Paid Off - 360		01-Feb-2005
1000407349 1			187,000.00		186,620.29			04-May-2005		7.990%		CA - 74.80%		Paid Off - 360		01-Feb-2005
1000368323 2			225,000.00		224,492.47			31-May-2005		7.850%		IL - 75.00%		Paid Off - 360		01-Mar-2005
1000409262 1			157,200.00		156,920.47			02-May-2005		6.600%		MO - 84.97%		Paid Off - 360		01-Mar-2005
1000372205 2			327,600.00		327,599.40			27-May-2005		6.030%		FL - 80.00%		Paid Off - 360		01-Feb-2005
1000417744 2			312,000.00		312,000.00			28-Apr-2005		7.150%		CA - 80.00%		Paid Off - 360		01-Mar-2005
1000372216 2			81,900.00		81,775.03			27-May-2005		10.870%		FL - 100.00%		Paid Off - 180		01-Feb-2005
1000417889 2			78,000.00		77,930.55			28-Apr-2005		9.990%		CA - 100.00%		Paid Off - 180		01-Mar-2005
1000379730 1			58,990.00		58,892.94			31-May-2005		10.400%		CO - 100.00%		Paid Off - 180		01-Feb-2005
1000422469 1			359,000.00		358,525.36			05-May-2005		8.090%		CA - 89.75%		Paid Off - 360		01-Mar-2005
1000407956 2			208,800.00		208,800.00			13-Jun-2005		7.270%		CA - 80.00%		Paid Off - 360		01-Mar-2005
1000432718 1			300,000.00		299,557.75			05-May-2005		7.550%		CA - 54.55%		Paid Off - 360		01-Mar-2005
1000407967 2			463,999.00		463,999.00			14-Jun-2005		7.450%		CA - 80.00%		Paid Off - 360		01-Mar-2005
1000434316 1			200,000.00		199,769.00			28-Apr-2005		8.750%		CA - 70.18%		Paid Off - 360		01-Mar-2005
1000407989 1			52,200.00		52,132.35			13-Jun-2005		10.150%		CA - 100.00%		Paid Off - 180		01-Mar-2005
1000449413 1			270,000.00		269,597.99			28-Apr-2005		7.500%		HI - 90.00%		Paid Off - 360		01-Mar-2005
1000408283 2			86,999.00		86,908.10			14-Jun-2005		11.150%		CA - 95.00%		Paid Off - 180		01-Mar-2005
1000450752 1			149,000.00		148,801.40			05-May-2005		8.050%		MO - 85.14%		Paid Off - 360		01-Mar-2005
1000414471 2			293,000.00		293,000.00			07-Jun-2005		6.170%		CA - 69.76%		Paid Off - 360		01-Mar-2005
1000467211 2			331,500.00		331,500.00			03-May-2005		7.150%		CA - 85.00%		Paid Off - 360		01-Mar-2005
1000415045 1			228,000.00		227,560.71			02-Jun-2005		8.250%		CA - 80.00%		Paid Off - 360		#######
1000476301 1			198,000.00		197,813.93			04-May-2005		6.300%		CA - 90.00%		Paid Off - 360		01-Apr-2005
1000415674 1			232,750.00		232,336.90			06-Jun-2005		8.650%		CA - 95.00%		Paid Off - 360		01-Mar-2005
1000478752 2			477,396.00		477,396.00			03-May-2005		7.900%		CA - 90.00%		Paid Off - 360		01-Apr-2005
1000425350 1			160,000.00		159,576.22			03-Jun-2005		6.650%		CA - 80.00%		Paid Off - 360		01-Mar-2005
9500575197 2			77,500.00		76,976.88			02-May-2005		6.750%		MO - 61.02%		Paid Off - 360		01-Oct-2004
1000426395 2			221,000.00		221,000.00			10-Jun-2005		7.500%		CA - 85.00%		Paid Off - 360		01-Mar-2005
9500592663 2			#######		222,300.44			16-Apr-2005		8.700%		NY - 75.00%		Paid Off - 360		01-Oct-2004
1000426610 1			300,000.00		299,224.52			13-Jun-2005		6.780%		CA - 75.00%		Paid Off - 360		01-Mar-2005
9500605275 2			112,500.00		112,074.37			28-Apr-2005		8.390%		PA - 75.00%		Paid Off - 360		01-Nov-2004
1000433124 1			151,600.00		3,392.59			09-Jun-2005		7.820%		IL - 81.95%		Paid Off - 360		01-Mar-2005
9500615464 2			475,000.00		473,229.34			28-Apr-2005		7.540%		KY - 95.00%		Paid Off - 360		01-Dec-2004
1000435036 1			200,000.00		199,412.14			10-Jun-2005		6.110%		CA - 68.97%		Paid Off - 360		01-Mar-2005
9500619672 2			134,550.00		134,528.07			19-Apr-2005		5.900%		WV - 90.00%		Paid Off - 360		01-Dec-2004
1000435047 1			139,428.00		139,089.83			27-May-2005		7.100%		AZ - 80.00%		Paid Off - 360		01-Mar-2005
9500630935 2			63,750.00		63,505.07			19-Apr-2005		7.400%		LA - 85.00%		Paid Off - 360		01-Dec-2004
1000435182 2			34,857.00		34,814.34			27-May-2005		10.420%		AZ - 100.00%		Paid Off - 180		01-Mar-2005
9500634473 2			70,200.00		69,988.00			11-Apr-2005		8.650%		IN - 90.00%		Paid Off - 360		01-Dec-2004
1000439535 2			224,000.00		224,000.00			13-Jun-2005		7.150%		IL - 65.88%		Paid Off - 360		01-Mar-2005
9500635702 2			40,500.00		40,378.10			28-Apr-2005		8.600%		OH - 90.00%		Paid Off - 360		01-Dec-2004
1000441673 1			285,000.00		284,494.16			01-Jun-2005		8.650%		IL - 95.00%		Paid Off - 360		01-Mar-2005
9500643623 2			208,800.00		208,142.56			02-May-2005		7.250%		NC - 90.00%		Paid Off - 360		01-Jan-2005
1000450673 1			292,500.00		291,906.05			13-Jun-2005		7.990%		CA - 90.00%		Paid Off - 360		01-Mar-2005
9500650826 2			190,800.00		190,199.23			11-May-2005		7.250%		AZ - 90.00%		Paid Off - 360		01-Jan-2005
1000452237 2			336,000.00		336,000.00			23-May-2005		7.900%		IL - 80.00%		Paid Off - 360		01-Apr-2005
TOTAL			18,876,472.00		18,807,402.39
1000452552 1			250,000.00		249,405.51			13-Jun-2005		7.200%		CA - 73.53%		Paid Off - 360		01-Mar-2005
Page 22 of 28
1000454688 1			150,000.00		149,570.78			15-Jun-2005		6.250%		CA - 55.56%		Paid Off - 360		01-Mar-2005
1000455566 2			454,000.00		453,075.34			15-Jun-2005		7.980%		CA - 84.07%		Paid Off - 360		01-Mar-2005
9500577490 2			285,000.00		284,999.94			16-May-2005		6.850%		CA - 43.85%		Paid Off - 360		01-Oct-2004
9500581906 2			200,000.00		198,931.42			24-May-2005		8.140%		NC - 80.00%		Paid Off - 360		01-Oct-2004
9500609590 2			100,000.00		99,515.36			20-May-2005		7.150%		VA - 60.61%		Paid Off - 360		01-Dec-2004
9500614921 2			64,000.00		63,727.96			07-Jun-2005		8.600%		MI - 70.33%		Paid Off - 360		01-Nov-2004
9500615654 2			235,800.00		235,799.95			08-Jun-2005		7.550%		AZ - 60.00%		Paid Off - 360		01-Nov-2004
9500619276 2			188,550.00		188,549.99			14-Jun-2005		6.550%		MI - 90.00%		Paid Off - 360		01-Nov-2004
9500622205 2			97,200.00		96,738.09			25-May-2005		7.250%		NC - 90.00%		Paid Off - 360		01-Dec-2004
9500623989 2			56,250.00		56,015.40			17-May-2005		8.050%		PA - 75.00%		Paid Off - 360		01-Dec-2004
9500624052 2			73,950.00		73,622.09			02-Jun-2005		7.600%		CO - 85.00%		Paid Off - 360		01-Dec-2004
Page 22 of 29
Soundview Home Loan Trust 2005-1
Asset Backed Certificates
2005-1
May 25, 2005 Distribution
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
9500626396 2			207,000.00		206,006.66			24-May-2005		7.200%		OH - 90.00%		Paid Off - 360		01-Dec-2004
9500626859 2			132,300.00		132,299.95			14-Jun-2005		6.500%		MI - 89.39%		Paid Off - 360		01-Dec-2004
9500632840 2			137,000.00		136,258.05			01-Jun-2005		8.500%		OH - 89.54%		Paid Off - 360		01-Jan-2005
9500633467 2			85,500.00		85,139.31			07-Jun-2005		7.850%		NJ - 50.59%		Paid Off - 360		01-Dec-2004
9500636171 2			84,700.00		84,399.18			09-Jun-2005		8.700%		PA - 70.00%		Paid Off - 360		01-Dec-2004
9500636908 2			414,000.00		411,838.73			09-Jun-2005		6.880%		CA - 90.00%		Paid Off - 360		01-Jan-2005
9500639738 2			125,000.00		124,455.78			26-May-2005		6.750%		OH - 100.00%		Paid Off - 360		01-Jan-2005
9500640595 2			158,650.00		158,059.78			23-May-2005		7.550%		MD - 95.00%		Paid Off - 360		01-Jan-2005
9500664462 2			39,200.00		39,080.82			09-Jun-2005		7.800%		MI - 80.00%		Paid Off - 360		01-Feb-2005
TOTAL			22,830,928.05		22,588,812.80
Page 23 of 29
Soundview Home Loan Trust 2005-1
Asset Backed Certificates
2005-1
June 27, 2005 Distribution
Realized Loss Report
COLLATERAL REALIZED LOSSES
											Group 2		Group 1		Total
Current
Number of Loans Liquidated										0		0		0
Collateral Principal Realized Loss/(Gain) Amount										0.00		0.00		0.00
Collateral Interest Realized Loss/(Gain) Amount										0.00		0.00		0.00
Net Liquidation Proceeds										0.00		0.00		0.00
Cumulative
Number of Loans Liquidated										1		0		1
Collateral Realized Loss/(Gain) Amount										7,706.87		0.00		7,706.87
Net Liquidation Proceeds										24,562.24		0.00		24,562.24
Page 23 of 28
Page 24 of 29
Soundview Home Loan Trust 2005-1
Asset Backed Certificates
2005-1
May 25, 2005 Distribution
June 27, 2005 Distribution
DEFAULT SPEEDS
											Group 2		Group 1		Total
MDR										0.00%		0.00%		0.00%
3 Months Avg MDR										0.00%		0.00%		0.00%
12 Months Avg MDR										0.00%		0.00%		0.00%
Avg MDR Since Cut-off										0.00%		0.00%		0.00%
CDR										0.00%		0.00%		0.00%
3 Months Avg CDR										0.03%		0.00%		0.02%
12 Months Avg CDR										0.03%		0.00%		0.0201%
Avg CDR Since Cut-off										0.03%		0.00%		0.0201%
SDA										0.00%		0.00%		0.00%
3 Months Avg SDA Approximation										0.3632%		0.00%		0.1715%
12 Months Avg SDA Approximation										0.3625%		0.00%		0.1712%
Avg SDA Since Cut-off Approximation										0.3625%		0.00%		0.1712%
Loss Severity Approximation for Current Period										0.00%		0.00%		0.00%
3 Months Avg Loss Severity Approximation										7.96%		0.00%		7.96%
12 Months Avg Loss Severity Approximation										75.9697%		0.00%		75.9697%
Avg Loss Severity Approximation Since Cut-off										75.9697%		0.00%		75.9697%
Page 24 of 28
Page 25 of 29
Soundview Home Loan Trust 2005-1
Asset Backed Certificates
2005-1
May 25, 2005 Distribution
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 25 of 28
Page 26 of 29
Soundview Home Loan Trust 2005-1
Asset Backed Certificates
2005-1
May 25, 2005 Distribution
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 26 of 28
Page 27 of 29
Soundview Home Loan Trust 2005-1
Asset Backed Certificates
2005-1
May 25, 2005 Distribution
June 27, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
										Group 2		Group 1		Total
						Has Stepdown Condition occurred (0 = No, 1=Yes)								0
						Does a Trigger Event Exist-Either a) or b) Yes?								0
						Has Sequential Trigger Event Occured (0=No,1=Yes)								0
						Does a Loss Trigger Event Exists (0=No,1=Yes)								0
						60+ days Delinqueny Balance								217,~~798~~604,~~884~~088.5292
						Ending Collateral Balance								~~728~~705,~~763~~544,~~577~~873.3855
						Delinquency Percentage								02.~~384059~~495105%
						Senior Enhancement Percentage								2526.~~843938~~535863%
						Cumulative Loss Percentage								0.000991%
ADJUSTABLE RATE CERTIFICATE INFORMATION
SPACE INTENTIONALLY LEFT BLANK
ADDITIONAL INFORMATION
SPACE INTENTIONALLY LEFT BLANK
Page 27 of 28
Page 28 of 29
Soundview Home Loan Trust 2005-1
Asset Backed Certificates
2005-1
May 25, 2005 Distribution
June 27, 2005 Distribution
Additional Certificate Report
ADDITIONAL CERTIFICATE REPORT
													NET WAC Shortfall CarryOver		NET WAC Shortfall Paid
CLASS
			I-A1										$0.00		$0.00
			I-A2										$0.00		$0.00
			II-A1										$0.00		$0.00
			II-A2										$0.00		$0.00
			II-A3										$0.00		$0.00
			M-1										$0.00		$0.00
			M-2										$0.00		$0.00
			M-3										$0.00		$0.00
			M-4										$0.00		$0.00
			M-5										$0.00		$0.00
			M-6										$0.00		$0.00
			M-7										$0.00		$0.00
			M-8										$0.00		$0.00
			M-9										$0.00		$0.00
			B-1										$0.00		~~$0.00~~#######
			B-2										$0.00		~~$0.00~~#######
			B-3										$0.00		$0942.0094
Page 28 of 28
Page 29 of 29

Filing Compare · Soundview Home Loan Trust 2005-1