
                                        UNITED STATES
                           SECURITIES AND EXCHANGE COMMISSION
                                 Washington, D.C.  20549


                                        FORM 8-K


                     Current Report Pursuant To Section 13 or 15(d) of
                            the Securities Exchange Act of 1934

           Date of Report (Date of earliest event reported):  June 27, 2005
                          (Date of earliest event reported)

           Financial Asset Securities Corporation (as Depositor under the
               Pooling and Servicing Agreement, dated as 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
     June 27, 2005.

                                    Signatures

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


                                  Deutsche Bank National Trust Company,
                                  in its capacity as Trustee under the
                                  Pooling and Servicing Agreement on
                                  behalf of Financial Asset Securities
                                  Corp, Registrant


          Date:  Jul 01, 2005               By:  /s/  Katherine M. Wannenmacher
                                            Katherine M. Wannenmacher
                                            Vice President


                                   EXHIBIT INDEX

          DOCUMENT

          99.1 Monthly Remittance Statement to the Certificateholders
          dated as of June 27, 2005.



Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

June 27, 2005 Distribution

				External Parties						Table of Contents

													Page
				Seller									Page
				Seller						1. Certificate Payment Report					2
				Greenwich Capital Markets						1. Certificate Payment Report					2
				Greenwich Capital Markets						2. Collection Account Report					6
										2. Collection Account Report					6
										3. Credit Enhancement Report					8
										4. Collateral Report					9
				Certificate Insurer(s)						5. Delinquency Report					12
				Certificate Insurer(s)						5. Delinquency Report					12
										6. REO Report					15

										7. Foreclosure Report					16
										8. Prepayment Report					17
										9. Prepayment Detail Report					20
										9. Prepayment Detail Report					20
										10. Realized Loss Report					24
										11. Realized Loss Detail Report					27
				Servicer(s)						11. Realized Loss Detail Report					27
				Servicer(s)						12. Triggers and Adj. Cert. Report					28
				Select Portfolio Servicing, LP						12. Triggers and Adj. Cert. Report					28
				Select Portfolio Servicing, LP						13. Additional Certificate Report					29
										13. Additional Certificate Report					29


				Underwriter(s)
				Greenwich Capital Markets


										Total Number of Pages					29
										Total Number of Pages

				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:			June 27, 2005
										Factor Information:			(800) 735-7777
				Record Date:			May 31, 2005			Factor Information:			(800) 735-7777
										Main Phone Number:			(714) 247-6000

							June 24, 2005
							June 24, 2005

										https://www.tss.db.com/invr






Page 1 of 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

June 27, 2005 Distribution
Certificate Payment Report
Current Period Distribution - REMIC III
					Prior												Current
	Class		Original		Principal						Total		Realized		Deferred		Principal
	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		216,191,586.52		667,851.84		9,070,031.13		9,737,882.97		0.00		0.00		207,121,555.39
I-A1	SR	$	241,800,000.00		216,191,586.52		667,851.84		9,070,031.13		9,737,882.97		0.00		0.00		207,121,555.39
I-A2	SR	$	60,427,000.00		54,027,332.50		169,870.94		2,266,645.04		2,436,515.98		0.00		0.00		51,760,687.46
II-A1	SR	$	123,000,000.00		105,771,552.58		311,232.79		11,882,027.66		12,193,260.45		0.00		0.00		93,889,524.92
II-A2	SR	$	127,000,000.00		127,000,000.00		389,995.83		0.00		389,995.83		0.00		0.00		127,000,000.00
II-A3	SR	$	32,440,000.00		32,440,000.00		103,483.60		0.00		103,483.60		0.00		0.00		32,440,000.00
M-1	MEZ,FLT	$	38,900,000.00		38,900,000.00		126,943.67		0.00		126,943.67		0.00		0.00		38,900,000.00
M-2	MEZ,FLT	$	25,285,000.00		25,285,000.00		83,208.72		0.00		83,208.72		0.00		0.00		25,285,000.00
M-3	MEZ,FLT	$	22,562,000.00		22,562,000.00		74,868.24		0.00		74,868.24		0.00		0.00		22,562,000.00
M-4	MEZ,FLT	$	19,450,000.00		19,450,000.00		68,107.42		0.00		68,107.42		0.00		0.00		19,450,000.00
M-5	MEZ,FLT	$	12,059,000.00		12,059,000.00		42,779.30		0.00		42,779.30		0.00		0.00		12,059,000.00
M-6	MEZ,FLT	$	10,892,000.00		10,892,000.00		43,831.22		0.00		43,831.22		0.00		0.00		10,892,000.00
M-7	MEZ,FLT	$	10,892,000.00		10,892,000.00		44,829.66		0.00		44,829.66		0.00		0.00		10,892,000.00
M-8	MEZ,FLT	$	7,391,000.00		7,391,000.00		30,758.88		0.00		30,758.88		0.00		0.00		7,391,000.00
M-9	MEZ,FLT	$	7,780,000.00		7,780,000.00		37,013.35		0.00		37,013.35		0.00		0.00		7,780,000.00
B-1	SUB, FLT	$	11,670,000.00		11,670,000.00		67,822.15		0.00		67,822.15		0.00		0.00		11,670,000.00
B-2	SUB, FLT	$	8,947,000.00		8,947,000.00		51,996.98		0.00		51,996.98		0.00		0.00		8,947,000.00
B-3	SUB, FLT	$	7,780,000.00		7,780,000.00		45,214.76		0.00		45,214.76		0.00		0.00		7,780,000.00
C	EXE	$	9,725,362.02		9,725,005.78		1,787,194.89		0.00		1,787,194.89		0.00		0.00		9,725,005.78
P	R	$	100.00		100.00		501,980.79		0.00		501,980.79		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		728,763,577.38		4,648,985.03		23,218,703.83		27,867,688.86		0.00		0.00		705,544,873.55
Total





Page 2 of 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

June 27, 2005 Distribution

Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face-
									Orig. Principal		Prior							Current
									Orig. Principal		Prior							Current
	Period		Period						(with Notional)		Principal						Total	Principal
	Period		Period
Class	Starting		Ending		Method		Cusip		Balance		Balance		Interest		Principal		Distribution	Balance

									(1)		(1)		(2)		(3)		(4)=(2)+(3)	(5)
I-A1	05/25/05		06/26/05		A-Act/360		83611MCG1		241,800,000.00		894.092583		2.762001		37.510468		40.272469	856.582115
I-A2	05/25/05		06/26/05		A-Act/360		83611MCH9		60,427,000.00		894.092583		2.811176		37.510468		40.321644	856.582115
II-A1	05/25/05		06/26/05		A-Act/360		83611MCJ5		123,000,000.00		859.931322		2.530348		96.601851		99.132199	763.329471
II-A2	05/25/05		06/26/05		A-Act/360		83611MCK2		127,000,000.00		1,000.000000		3.070833		0.000000		3.070833	1,000.000000
II-A3	05/25/05		06/26/05		A-Act/360		83611MCL0		32,440,000.00		1,000.000000		3.190000		0.000000		3.190000	1,000.000000
M-1	05/25/05		06/26/05		A-Act/360		83611MCM8		38,900,000.00		1,000.000000		3.263333		0.000000		3.263333	1,000.000000
M-2	05/25/05		06/26/05		A-Act/360		83611MCN6		25,285,000.00		1,000.000000		3.290833		0.000000		3.290833	1,000.000000
M-3	05/25/05		06/26/05		A-Act/360		83611MCP1		22,562,000.00		1,000.000000		3.318333		0.000000		3.318333	1,000.000000
M-4	05/25/05		06/26/05		A-Act/360		83611MCQ9		19,450,000.00		1,000.000000		3.501667		0.000000		3.501667	1,000.000000
M-5	05/25/05		06/26/05		A-Act/360		83611MCR7		12,059,000.00		1,000.000000		3.547500		0.000000		3.547500	1,000.000000
M-6	05/25/05		06/26/05		A-Act/360		83611MCS5		10,892,000.00		1,000.000000		4.024166		0.000000		4.024166	1,000.000000
M-7	05/25/05		06/26/05		A-Act/360		83611MCT3		10,892,000.00		1,000.000000		4.115834		0.000000		4.115834	1,000.000000
M-8	05/25/05		06/26/05		A-Act/360		83611MCU0		7,391,000.00		1,000.000000		4.161667		0.000000		4.161667	1,000.000000
M-9	05/25/05		06/26/05		A-Act/360		83611MCV8		7,780,000.00		1,000.000000		4.757500		0.000000		4.757500	1,000.000000
B-1	05/25/05		06/26/05		A-Act/360		83611MCW6		11,670,000.00		1,000.000000		5.811667		0.000000		5.811667	1,000.000000
B-2	05/25/05		06/26/05		A-Act/360		83611MCX4		8,947,000.00		1,000.000000		5.811666		0.000000		5.811666	1,000.000000
B-3	05/25/05		06/26/05		A-Act/360		83611MCY2		7,780,000.00		1,000.000000		5.811666		0.000000		5.811666	1,000.000000
C	05/25/05		06/24/05		GC05S1101		9,725,362.02		999.963370		183.766413		0.000000		183.766413		999.963370
P	05/25/05		06/24/05		GC05S1102		100.00		1,000.000000		5,019,807.900000		0.000000		5,019,807.900000		1,000.000000
R	05/25/05		06/24/05		GC05S1103		0.00		0.000000		0.000000		0.000000		0.000000		0.000000
R-X	05/25/05		06/24/05		GC05S1104		0.00		0.000000		0.000000		0.000000		0.000000		0.000000




Page 3 of 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

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		2,428,261.09		33,850,170.40		828,274.21		34,678,444.61		37,106,705.70		0.00		0.00		207,121,555.39
I-A2	60,427,000.00		618,230.70		8,459,322.77		206,989.77		8,666,312.54		9,284,543.24		0.00		0.00		51,760,687.46
II-A1	123,000,000.00		1,156,663.82		28,454,121.42		656,353.66		29,110,475.08		30,267,138.90		0.00		0.00		93,889,524.92
II-A2	127,000,000.00		1,335,651.94		0.00		0.00		0.00		1,335,651.94		0.00		0.00		127,000,000.00
II-A3	32,440,000.00		355,109.87		0.00		0.00		0.00		355,109.87		0.00		0.00		32,440,000.00
M-1	38,900,000.00		436,112.23		0.00		0.00		0.00		436,112.23		0.00		0.00		38,900,000.00
M-2	25,285,000.00		285,980.37		0.00		0.00		0.00		285,980.37		0.00		0.00		25,285,000.00
M-3	22,562,000.00		257,419.89		0.00		0.00		0.00		257,419.89		0.00		0.00		22,562,000.00
M-4	19,450,000.00		234,772.31		0.00		0.00		0.00		234,772.31		0.00		0.00		19,450,000.00
M-5	12,059,000.00		147,551.90		0.00		0.00		0.00		147,551.90		0.00		0.00		12,059,000.00
M-6	10,892,000.00		151,994.83		0.00		0.00		0.00		151,994.83		0.00		0.00		10,892,000.00
M-7	10,892,000.00		155,595.25		0.00		0.00		0.00		155,595.25		0.00		0.00		10,892,000.00
M-8	7,391,000.00		106,804.06		0.00		0.00		0.00		106,804.06		0.00		0.00		7,391,000.00
M-9	7,780,000.00		129,141.52		0.00		0.00		0.00		129,141.52		0.00		0.00		7,780,000.00
B-1	11,670,000.00		238,074.49		0.00		0.00		0.00		238,074.49		0.00		0.00		11,670,000.00
B-2	8,947,000.00		182,523.78		0.00		0.00		0.00		182,523.78		0.00		0.00		8,947,000.00
B-3	7,780,000.00		158,716.32		0.00		0.00		0.00		158,716.32		0.00		0.00		7,780,000.00
C	9,725,362.02		7,337,986.40		331.81		24.43		356.24		7,338,342.64		0.00		0.00		9,725,005.78
P	100.00		1,245,051.39		0.00		0.00		0.00		1,245,051.39		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		16,961,642.16		70,763,946.40		1,691,642.07		72,455,588.47		89,417,230.63		0.00		0.00		705,544,873.55



Page 4 of 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

June 27, 2005 Distribution

Interest Detail - REMIC III
	Pass		Prior Principal				Non-		Prior		Unscheduled				Paid or		Current
	Pass		Prior Principal				Non-		Prior		Unscheduled				Paid or

	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	3.37000%		216,191,586.52		667,851.84		0.00		0.00		0.00		667,851.84		667,851.84		0.00
I-A2	3.43000%		54,027,332.50		169,870.94		0.00		0.00		0.00		169,870.94		169,870.94		0.00
II-A1	3.21000%		105,771,552.58		311,232.79		0.00		0.00		0.00		311,232.79		311,232.79		0.00
II-A2	3.35000%		127,000,000.00		389,995.83		0.00		0.00		0.00		389,995.83		389,995.83		0.00
II-A3	3.48000%		32,440,000.00		103,483.60		0.00		0.00		0.00		103,483.60		103,483.60		0.00
M-1	3.56000%		38,900,000.00		126,943.67		0.00		0.00		0.00		126,943.67		126,943.67		0.00
M-2	3.59000%		25,285,000.00		83,208.72		0.00		0.00		0.00		83,208.72		83,208.72		0.00
M-3	3.62000%		22,562,000.00		74,868.24		0.00		0.00		0.00		74,868.24		74,868.24		0.00
M-4	3.82000%		19,450,000.00		68,107.42		0.00		0.00		0.00		68,107.42		68,107.42		0.00
M-5	3.87000%		12,059,000.00		42,779.30		0.00		0.00		0.00		42,779.30		42,779.30		0.00
M-6	4.39000%		10,892,000.00		43,831.22		0.00		0.00		0.00		43,831.22		43,831.22		0.00
M-7	4.49000%		10,892,000.00		44,829.66		0.00		0.00		0.00		44,829.66		44,829.66		0.00
M-8	4.54000%		7,391,000.00		30,758.88		0.00		0.00		0.00		30,758.88		30,758.88		0.00
M-9	5.19000%		7,780,000.00		37,013.35		0.00		0.00		0.00		37,013.35		37,013.35		0.00
B-1	6.20778%		11,670,000.00		66,407.74		0.00		0.00		0.00		66,407.74		67,822.15		0.00
B-2	6.20778%		8,947,000.00		50,912.60		0.00		0.00		0.00		50,912.60		51,996.98		0.00
B-3	6.20778%		7,780,000.00		44,271.82		0.00		0.00		0.00		44,271.82		45,214.76		0.00
C	220.52777%		9,725,005.78		1,787,194.89		0.00		0.00		0.00		1,787,194.89		1,787,194.89		0.00
P	0.00000%		100.00		0.00		0.00		0.00		0.00		0.00		501,980.79		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			728,763,577.38		4,143,562.51		0.00		0.00		0.00		4,143,562.51		#######		0.00



Page 5 of 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

June 27, 2005 Distribution
Collection Account Report
SUMMARY
SUMMARY
										Group 2		Group 1		Total
Principal Collections										11,839,709.55		11,227,490.89		23,067,200.44
Principal Withrawals										0.00		0.00		0.00
Principal Other Accounts										42,318.11		109,185.28		151,503.39
TOTAL NET PRINCIPAL										11,882,027.66		11,336,676.17		23,218,703.83
Interest Collections										2,057,780.74		2,138,015.61		4,195,796.35
Interest Withdrawals										-0.00		-0.00		-0.00
Interest Other Accounts										0.00		0.00		501,980.79
Interest Fees										-25,390.15		-24,960.10		-48,792.10
TOTAL NET INTEREST										2,032,390.59		2,113,055.51		4,648,985.04
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION										13,914,418.25		13,449,731.68		27,867,688.87



PRINCIPAL - COLLECTIONS
PRINCIPAL - COLLECTIONS
											Group 2		Group 1		Total
Scheduled Principal Received											170,822.61		271,213.86		442,036.47
Curtailments											16,775.92		19,575.25		36,351.17
Prepayments In Full											11,652,111.02		10,936,701.78		22,588,812.80
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											-150,477.48		-236,158.66		-386,636.14
Realized Losses											-0.00		-0.00		-0.00
Advanced Principal											150,477.48		236,158.66		386,636.14
TOTAL PRINCIPAL COLLECTED											11,839,709.55		11,227,490.89		23,067,200.44


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



PRINCIPAL - OTHER ACCOUNTS
PRINCIPAL - OTHER ACCOUNTS
										Group 2		Group 1		Total
TOTAL PRINCIPAL OTHER ACCOUNTS										42,318.11		109,185.28		151,503.39





Page 6 of 29
Soundview Home Loan Trust 2005-1

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Asset Backed Certificates
2005-1

June 27, 2005 Distribution

INTEREST - COLLECTIONS
INTEREST - COLLECTIONS
										Group 2		Group 1		Total
Scheduled Interest										2,183,409.76		2,271,644.58		4,455,054.34
Repurchased/Substitution Interest										0.00		0.00		0.00
Liquidation Interest										0.00		0.00		0.00
Other Additional Interest										0.00		(2,656.40)		(2,656.40)
Prepayment Interest Shortfalls										-9,097.91		-3,681.35		-12,779.26
Delinquent Interest										-1,833,907.32		-1,935,650.46		-3,769,557.78
Compensating Interest										9,097.91		3,681.35		12,779.26
Civil Relief Act Shortfalls										-0.00		-0.00		-0.00
Interest Advanced										1,708,278.31		1,804,677.88		3,512,956.19
TOTAL INTEREST COLLECTED										2,057,780.74		2,138,015.61		4,195,796.35


INTEREST - WITHDRAWALS
INTEREST - WITHDRAWALS
										Group 2		Group 1		Total
TOTAL INTEREST WITHDRAWALS										0.00		0.00		0.00



INTEREST - OTHER ACCOUNTS
INTEREST - OTHER ACCOUNTS
										Group 2		Group 1		Total
Prepayment Charges														501,980.79
TOTAL INTEREST OTHER ACCOUNTS										0.00		0.00		501,980.79



INTEREST - FEES
INTEREST - FEES
										Group 2		Group 1		Total
Current Servicing Fees										23,754.16		23,216.13		46,970.29
Trustee Fees										1,636.00		1,743.97		1,821.81
Current Custodian Fees										0.00		0.00		0.00
TOTAL INTEREST FEES										25,390.15		24,960.10		48,792.10
Current Custodian Fees Rate														0.0000%




Page 7 of 29
Soundview Home Loan Trust 2005-1

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Asset Backed Certificates
2005-1

June 27, 2005 Distribution
Credit Enhancement Report

ACCOUNTS


Net WAC Rate Carryover Reserve Account

Begining Balance						0.00
Amount Deposited						3,441.73
Amount Withdrawn						3,441.73
Ending Balance						0.00




INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES
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 29
Soundview Home Loan Trust 2005-1

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Asset Backed Certificates
2005-1

June 27, 2005 Distribution
Collateral Report


COLLATERAL



											Group 2		Group 1		Total



Loan Count:


Original										1,574		1,592		3,166
Prior										2,297		2,309		4,606
Prefunding										1		0		1
Scheduled Paid Offs										-0		-0		-0
Full Voluntary Prepayments										-62		-60		-122
Repurchases										-0		-0		-0
Liquidations										-0		-0		-0
Current										2,235		2,249		4,484
Principal Balance:


Original										238,490,029.61		272,231,107.09		510,721,136.70
Prior										358,519,609.57		370,052,909.37		728,572,518.94
Prefunding										0.00		0.00		0.00
Scheduled Principal										-170,822.61		-271,213.86		-442,036.47
Partial Prepayments										-16,775.92		-19,575.25		-36,351.17
Full Voluntary Prepayments										-11,652,111.02		-10,936,701.78		-22,588,812.80
Repurchases										-0.00		-0.00		-0.00
Liquidations										-0.00		-0.00		-0.00
Current										346,719,455.07		358,825,418.48		705,544,873.55





PREFUNDING
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										39,555.05		0.00		39,555.05
Prefund Release to Certificate Holders										42,318.11		109,185.28		151,503.39
Prefunding Account Ending Balance										0.00		0.00		0.00





Page 9 of 29
Soundview Home Loan Trust 2005-1

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Asset Backed Certificates
2005-1

June 27, 2005 Distribution

CHARACTERISTICS
CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Coupon Original										7.31388%		7.36285%		7.33998%
Weighted Average Coupon Prior										7.31513%		7.36994%		7.34312%
Weighted Average Coupon Current										7.30695%		7.36644%		7.33717%
Weighted Average Months to Maturity Original										341		352		347
Weighted Average Months to Maturity Prior										336		348		342
Weighted Average Months to Maturity Current										335		347		341
Weighted Avg Remaining Amortization Term Original										341		352		347
Weighted Avg Remaining Amortization Term Prior										336		348		342
Weighted Avg Remaining Amortization Term Current										335		347		341
Weighted Average Seasoning Original										4.63		5.10		4.88
Weighted Average Seasoning Prior										5.38		5.81		5.60
Weighted Average Seasoning Current										6.37		6.80		6.59









Page 10 of 29
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Asset Backed Certificates
2005-1

June 27, 2005 Distribution

ARM CHARACTERISTICS
ARM CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Margin Original										5.79759%		5.92838%		5.86993%
Weighted Average Margin Prior										5.88939%		5.98391%		5.93928%
Weighted Average Margin Current										5.87906%		5.98305%		5.93369%
Weighted Average Max Rate Original										13.39514%		13.87611%		13.66117%
Weighted Average Max Rate Prior										13.44839%		13.64071%		13.54990%
Weighted Average Max Rate Current										13.43342%		13.63435%		13.53898%
Weighted Average Min Rate Original										6.50114%		7.34830%		6.96972%
Weighted Average Min Rate Prior										6.59168%		7.28914%		6.95980%
Weighted Average Min Rate Current										6.57834%		7.28438%		6.94925%
Weighted Average Cap Up Original										1.14437%		1.24939%		1.20246%
Weighted Average Cap Up Prior										1.08838%		1.16541%		1.12904%
Weighted Average Cap Up Current										1.08739%		1.16451%		1.12790%
Weighted Average Cap Down Original										1.14437%		1.24939%		1.20246%
Weighted Average Cap Down Prior										1.08838%		1.16541%		1.12904%
Weighted Average Cap Down Current										1.08739%		1.16451%		1.12790%




SERVICING FEES & ADVANCES

											Group 2		Group 1		Total




Current Servicing Fees										23,754.16		23,216.13		46,970.29
Delinquent Servicing Fees										125,629.01		130,972.58		256,601.59
TOTAL SERVICING FEES										149,399.66		154,188.71		303,588.37


Total Servicing Fees										149,399.66		154,188.71		303,588.37
Compensating Interest										-9,097.91		-3,681.35		-12,779.26
Delinquent Servicing Fees										-125,629.01		-130,972.58		-256,601.59
COLLECTED SERVICING FEES										14,672.73		19,534.79		34,207.52


Total Advaced Interest										1,708,278.31		1,804,677.88		3,512,956.19
Total Advaced Principal										150,477.48		236,158.66		386,636.14
Aggregate Advances with respect to this Distribution										401,075.94		247,346.19		648,422.13





ADDITIONAL COLLATERAL INFORMATION
										Group 2		Group 1		Total
Prepayment Interest Shortfall (PPIS)										9,097.91		3,681.35		12,779.26
Compensating Interest										-9,097.91		-3,681.35		-12,779.26
Net Prepayment Interest Shortfall (PPIS)										0.00		0.00		0.00

Weighted Average Net Mortgage Rate														7.655133%

Libor For Current Period														3.0900%

Libor For Next Period														0.0000%



Page 11 of 29
Soundview Home Loan Trust 2005-1

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Asset Backed Certificates
2005-1

June 27, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				19,006,009.07		14,756,465.81		1,161,830.65		34,924,305.53
			% Balance				2.69%		2.09%		0.16%		4.95%
			# Loans				123		94		5		222
			% # Loans				2.74%		2.10%		0.11%		4.95%
	FORECLOSURE		Balance		0.00		0.00		724,778.69		119,199.96		843,978.65
			% Balance		0.00%		0.00%		0.10%		0.02%		0.12%
			# Loans		0		0		3		1		4
			% # Loans		0.00%		0.00%		0.07%		0.02%		0.09%
	BANKRUPTCY		Balance		2,181,393.28		480,892.70		841,813.81		0.00		3,504,099.79
			% Balance		0.31%		0.07%		0.12%		0.00%		0.50%
			# Loans		18		2		5		0		25
			% # Loans		0.40%		0.04%		0.11%		0.00%		0.56%
	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		2,181,393.28		19,486,901.77		16,323,058.31		1,281,030.61		39,272,383.97
			% Balance		0.31%		2.76%		2.31%		0.18%		5.57%
			# Loans		18		125		102		6		251
			% # Loans		0.40%		2.79%		2.27%		0.13%		5.60%









Page 12 of 29
Soundview Home Loan Trust 2005-1

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Asset Backed Certificates
2005-1

June 27, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				10,463,196.44		7,570,489.81		911,335.50		18,945,021.75
			% Balance				2.92%		2.11%		0.25%		5.28%
			# Loans				68		48		3		119
			% # Loans				3.02%		2.13%		0.13%		5.29%
	FORECLOSURE		Balance		0.00		0.00		242,302.01		0.00		242,302.01
			% Balance		0.00%		0.00%		0.07%		0.00%		0.07%
			# Loans		0		0		2		0		2
			% # Loans		0.00%		0.00%		0.09%		0.00%		0.09%
	BANKRUPTCY		Balance		1,657,991.38		0.00		841,813.81		0.00		2,499,805.19
			% Balance		0.46%		0.00%		0.23%		0.00%		0.70%
			# Loans		13		0		5		0		18
			% # Loans		0.58%		0.00%		0.22%		0.00%		0.80%
	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		1,657,991.38		10,463,196.44		8,654,605.63		911,335.50		21,687,128.95
			% Balance		0.46%		2.92%		2.41%		0.25%		6.04%
			# Loans		13		68		55		3		139
			% # Loans		0.58%		3.02%		2.45%		0.13%		6.18%










Page 13 of 29
Soundview Home Loan Trust 2005-1

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Asset Backed Certificates
2005-1

June 27, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				8,542,812.63		7,185,976.00		250,495.15		15,979,283.78
			% Balance				2.46%		2.07%		0.07%		4.61%
			# Loans				55		46		2		103
			% # Loans				2.46%		2.06%		0.09%		4.61%
	FORECLOSURE		Balance		0.00		0.00		482,476.68		119,199.96		601,676.64
			% Balance		0.00%		0.00%		0.14%		0.03%		0.17%
			# Loans		0		0		1		1		2
			% # Loans		0.00%		0.00%		0.04%		0.04%		0.09%
	BANKRUPTCY		Balance		523,401.90		480,892.70		0.00		0.00		1,004,294.60
			% Balance		0.15%		0.14%		0.00%		0.00%		0.29%
			# Loans		5		2		0		0		7
			% # Loans		0.22%		0.09%		0.00%		0.00%		0.31%
	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		523,401.90		9,023,705.33		7,668,452.68		369,695.11		17,585,255.02
			% Balance		0.15%		2.60%		2.21%		0.11%		5.07%
			# Loans		5		57		47		3		112
			% # Loans		0.22%		2.55%		2.10%		0.13%		5.01%









Page 14 of 29
Soundview Home Loan Trust 2005-1

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Asset Backed Certificates
2005-1

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 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

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
64035272 1
64035272 1			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

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Asset Backed Certificates
2005-1

June 27, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS
VOLUNTARY PREPAYMENTS

											Group 2		Group 1		Total




Current


Number of Paid in Full Loans										62		60		122
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										62		60		122
Curtailments Amount										16,775.92		19,575.25		36,351.17
Paid in Full Balance										11,652,111.02		10,936,701.78		22,588,812.80
Repurchased Loans Balance										0.00		0.00		0.00
Total Prepayment Amount										11,668,886.94		10,956,277.03		22,625,163.97

Cumulative


Number of Paid in Full Loans										154		216		370
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										154		216		370
Paid in Full Balance										28,213,266.04		41,874,727.28		70,087,993.32
Repurchased Loans Balance										0.00		0.00		0.00
Curtailments Amount										162,628.94		329,551.65		492,180.59
Total Prepayment Amount										28,375,894.98		42,204,278.93		70,580,173.91










Page 17 of 29
Soundview Home Loan Trust 2005-1

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Asset Backed Certificates
2005-1

June 27, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES
VOLUNTARY PREPAYMENTS RATES

											Group 2		Group 1		Total



SMM										3.25%		2.96%		3.10%
3 Months Avg SMM										2.47%		3.38%		2.94%
12 Months Avg SMM										2.00%		2.83%		2.43%
Avg SMM Since Cut-off										2.00%		2.83%		2.43%


CPR										32.69%		30.30%		31.49%
3 Months Avg CPR										25.93%		33.82%		30.08%
12 Months Avg CPR										21.50%		29.16%		25.54%
Avg CPR Since Cut-off										21.50%		29.16%		25.54%


PSA										2,566.79%		2,228.55%		2,390.12%
3 Months Avg PSA Approximation										2,408.40%		2,911.47%		2,686.16%
12 Months Avg PSA Approximation										2,069.38%		2,589.53%		2,357.29%
Avg PSA Since Cut-off Approximation										2,069.38%		2,589.53%		2,357.29%










Page 18 of 29
Soundview Home Loan Trust 2005-1

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Asset Backed Certificates
2005-1

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 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

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 Number			Original							Current		State &		Type Prepayment

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

1000355251 2			39,555.05		39,555.05			31-May-2005		10.770%		IL - 100.00%		Repur/Subs - 180		01-Jan-2005
			39,555.05

11050829 2			180,750.00		180,273.64			14-Jun-2005		10.880%		CA - 100.00%		Paid Off - 180		01-Nov-2004
11050829 2					180,273.64			14-Jun-2005		10.880%		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
11053338 1					175,735.45			15-Jun-2005		5.250%		CA - 80.00%		Paid Off - 360		01-Dec-2004
11055971 2			47,000.00		46,894.28			26-May-2005		10.880%		CA - 100.00%		Paid Off - 180		01-Dec-2004
11055971 2					46,894.28			26-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
11059117 2					37,143.95			03-Jun-2005		12.880%		AZ - 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
11061605 2					32,722.16			07-Jun-2005		11.990%		FL - 100.00%		Paid Off - 180		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
11062272 2					27,044.73			01-Jun-2005		12.880%		FL - 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
11062744 1					65,863.46			06-Jun-2005		11.990%		NY - 100.00%		Paid Off - 180		01-Nov-2004
11064370 2			60,323.00		60,190.31			27-May-2005		12.880%		MD - 100.00%		Paid Off - 180		01-Dec-2004
11064370 2					60,190.31			27-May-2005		12.880%		MD - 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
11069617 1					140,250.00			17-May-2005		5.450%		CA - 85.00%		Paid Off - 360		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
58674714 1					91,007.33			02-Jun-2005		7.500%		AZ - 90.00%		Paid Off - 360		01-Jul-2004
58718792 1			70,000.00		69,770.77			08-Jun-2005		12.050%		CA - 100.00%		Paid Off - 360		01-Jul-2004
58718792 1					69,770.77			08-Jun-2005		12.050%		CA - 100.00%		Paid Off - 360		01-Jul-2004
59897330 1			182,732.00		181,977.16			14-Jun-2005		9.400%		OH - 80.00%		Paid Off - 360		01-Oct-2004
59897330 1					181,977.16			14-Jun-2005		9.400%		OH - 80.00%		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
60199379 2					33,864.36			08-Jun-2005		10.900%		NJ - 100.00%		Paid Off - 360		01-Sep-2004
60579091 1			198,750.00		197,876.50			07-Jun-2005		9.100%		NJ - 75.00%		Paid Off - 360		01-Oct-2004
60579091 1					197,876.50			07-Jun-2005		9.100%		NJ - 75.00%		Paid Off - 360		01-Oct-2004
60593357 1			57,750.00		57,446.51			20-May-2005		8.850%		WI - 75.00%		Paid Off - 360		01-Sep-2004
60593357 1					57,446.51			20-May-2005		8.850%		WI - 75.00%		Paid Off - 360		01-Sep-2004
61159653 2			182,750.00		181,715.26			17-May-2005		7.850%		CA - 85.00%		Paid Off - 360		01-Oct-2004
61159653 2					181,715.26			17-May-2005		7.850%		CA - 85.00%		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
61579793 1					148,581.02			09-Jun-2005		6.200%		FL - 80.00%		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
61902870 1					223,877.83			19-May-2005		7.800%		MD - 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
61931812 1					54,149.22			03-Jun-2005		11.250%		CA - 100.00%		Paid Off - 180		01-Nov-2004
61935391 1			105,000.00		104,481.48			25-May-2005		7.850%		PA - 70.47%		Paid Off - 360		01-Nov-2004
61935391 1					104,481.48			25-May-2005		7.850%		PA - 70.47%		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
62044110 1					89,564.35			26-May-2005		7.950%		NY - 90.00%		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
62198171 1					355,183.69			24-May-2005		7.700%		CA - 85.00%		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
62341516 2					307,217.78			25-May-2005		7.990%		CA - 90.00%		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
62384797 1					147,766.68			03-Jun-2005		7.850%		IL - 90.00%		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
62422514 1					116,791.33			09-Jun-2005		6.150%		MI - 80.00%		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
62723432 2					88,820.26			07-Jun-2005		12.100%		CA - 100.00%		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
62974399 1					171,757.56			09-Jun-2005		7.750%		IL - 89.38%		Paid Off - 360		01-Dec-2004
63018154 2			412,000.00		409,400.46			14-Jun-2005		6.600%		CA - 74.23%		Paid Off - 360		01-Nov-2004
63018154 2					409,400.46			14-Jun-2005		6.600%		CA - 74.23%		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
63190599 1					356,889.67			10-Jun-2005		6.500%		CA - 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
63223150 1					239,416.58			01-Jun-2005		11.250%		CA - 47.06%		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
63283915 1					188,519.19			13-Jun-2005		7.500%		IL - 80.00%		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
63313795 1					104,576.51			07-Jun-2005		8.850%		FL - 75.00%		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
63318232 1					241,845.36			06-Jun-2005		7.250%		IL - 85.00%		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
63352470 2					458,209.49			23-May-2005		8.250%		CA - 74.19%		Paid Off - 360		01-Dec-2004
63602551 1			205,000.00		203,974.93			02-Jun-2005		6.990%		CA - 83.67%		Paid Off - 360		01-Dec-2004
63602551 1					203,974.93			02-Jun-2005		6.990%		CA - 83.67%		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
63642318 1					298,559.50					7.990%		NJ - 83.80%		Paid Off - 360



Page 20 of 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

June 27, 2005 Distribution

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
Loan Number			Original							Current		State &		Type Prepayment

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

63830079 2			450,000.00		446,471.74			10-Jun-2005		5.450%		CA - 84.91%		Paid Off - 360		01-Nov-2004
			450,000.00

63934079 1			152,150.00		151,514.50			14-Jun-2005		7.900%		FL - 85.00%		Paid Off - 360		01-Dec-2004
63934079 1					151,514.50			14-Jun-2005		7.900%		FL - 85.00%		Paid Off - 360		01-Dec-2004
63948673 2			417,769.00		414,411.86			26-May-2005		7.350%		CA - 85.00%		Paid Off - 360		01-Nov-2004
63948673 2					414,411.86			26-May-2005		7.350%		CA - 85.00%		Paid Off - 360		01-Nov-2004
64241391 1			240,000.00		238,325.19			02-Jun-2005		6.150%		CA - 77.42%		Paid Off - 360		01-Nov-2004
64241391 1					238,325.19			02-Jun-2005		6.150%		CA - 77.42%		Paid Off - 360		01-Nov-2004
64280191 2			88,000.00		87,477.17			10-Jun-2005		9.450%		FL - 100.00%		Paid Off - 360		01-Nov-2004
64280191 2					87,477.17			10-Jun-2005		9.450%		FL - 100.00%		Paid Off - 360		01-Nov-2004
85186005 1			160,000.00		159,231.75			19-May-2005		7.990%		CA - 69.57%		Paid Off - 360		01-Nov-2004
85186005 1					159,231.75			19-May-2005		7.990%		CA - 69.57%		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
89690200 1					208,956.66			15-Jun-2005		8.500%		CA - 79.85%		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
93206225 1					169,300.12			25-May-2005		8.750%		FL - 85.00%		Paid Off - 360		01-Nov-2004
405265247 1			158,000.00		155,833.75			31-May-2005		7.250%		CA - 63.71%		Paid Off - 360		01-Nov-2004
405265247 1					155,833.75			31-May-2005		7.250%		CA - 63.71%		Paid Off - 360		01-Nov-2004
406211253 2			180,000.00		178,902.99			07-Jun-2005		7.490%		OH - 100.00%		Paid Off - 360		01-Oct-2004
406211253 2					178,902.99			07-Jun-2005		7.490%		OH - 100.00%		Paid Off - 360		01-Oct-2004
406222889 2			75,000.00		74,529.87			31-May-2005		8.490%		FL - 100.00%		Paid Off - 360		01-Aug-2004
406222889 2					74,529.87			31-May-2005		8.490%		FL - 100.00%		Paid Off - 360		01-Aug-2004
408051931 1			240,000.00		239,772.49			03-Jun-2005		6.000%		CA - 80.00%		Paid Off - 360		01-Nov-2004
408051931 1					239,772.49			03-Jun-2005		6.000%		CA - 80.00%		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
408052066 2					154,792.00			20-May-2005		6.250%		CA - 80.00%		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
408131449 2					74,395.19			09-Jun-2005		8.650%		CA - 55.56%		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
408231105 2					151,811.47			14-Jun-2005		5.500%		CA - 85.00%		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
408231523 2					440,721.56			26-May-2005		7.380%		NM - 80.00%		Paid Off - 360		01-Oct-2004
408231913 1			123,375.00		122,840.55			15-Jun-2005		8.500%		NV - 75.00%		Paid Off - 360		01-Nov-2004
408231913 1					122,840.55			15-Jun-2005		8.500%		NV - 75.00%		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
408242610 1					181,780.83			24-May-2005		7.500%		IL - 85.00%		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
408254297 1					245,795.66			03-Jun-2005		7.990%		NY - 70.57%		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
408277799 1					264,847.76			27-May-2005		8.500%		CA - 80.00%		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
409012927 2					258,554.22			14-Jun-2005		7.250%		CA - 65.82%		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
409013031 2					223,499.50			20-May-2005		9.750%		NV - 75.00%		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
409023791 1					175,732.33			18-May-2005		7.250%		NJ - 85.00%		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
409023950 2					248,537.38			23-May-2005		7.350%		OH - 85.00%		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
409024922 1					202,856.96			01-Jun-2005		7.250%		CT - 74.73%		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
409025181 2					105,396.21			18-May-2005		5.900%		CA - 46.78%		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
409035990 1					236,134.74			01-Jun-2005		7.990%		MA - 39.55%		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
409077815 1					205,950.08			09-Jun-2005		6.880%		LA - 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
409089745 2					209,322.71			18-May-2005		9.990%		CA - 60.00%		Paid Off - 360		01-Nov-2004
409090613 1			270,000.00		268,853.79			10-Jun-2005		8.600%		CA - 54.00%		Paid Off - 360		01-Nov-2004
409090613 1					268,853.79			10-Jun-2005		8.600%		CA - 54.00%		Paid Off - 360		01-Nov-2004
409102089 2			374,400.00		372,605.53			27-May-2005		8.000%		FL - 80.00%		Paid Off - 360		01-Nov-2004
409102089 2					372,605.53			27-May-2005		8.000%		FL - 80.00%		Paid Off - 360		01-Nov-2004
409134893 2			180,000.00		179,427.26			16-May-2005		9.990%		CA - 44.89%		Paid Off - 360		01-Nov-2004
409134893 2					179,427.26			16-May-2005		9.990%		CA - 44.89%		Paid Off - 360		01-Nov-2004
409145604 2			131,100.00		130,502.54			08-Jun-2005		8.250%		TX - 89.79%		Paid Off - 360		01-Nov-2004
409145604 2					130,502.54			08-Jun-2005		8.250%		TX - 89.79%		Paid Off - 360		01-Nov-2004
409145856 1			163,000.00		162,046.35			10-Jun-2005		6.990%		CA - 89.32%		Paid Off - 360		01-Nov-2004
409145856 1					162,046.35			10-Jun-2005		6.990%		CA - 89.32%		Paid Off - 360		01-Nov-2004
409146234 1			146,000.00		145,367.51			01-Jun-2005		8.500%		MA - 80.00%		Paid Off - 360		01-Nov-2004
409146234 1					145,367.51			01-Jun-2005		8.500%		MA - 80.00%		Paid Off - 360		01-Nov-2004
409169298 1			102,400.00		101,800.84			25-May-2005		6.990%		CA - 80.00%		Paid Off - 360		01-Nov-2004
409169298 1					101,800.84			25-May-2005		6.990%		CA - 80.00%		Paid Off - 360		01-Nov-2004
409169444 1			324,000.00		322,267.84			07-Jun-2005		7.450%		NY - 90.00%		Paid Off - 360		01-Nov-2004
409169444 1					322,267.84			07-Jun-2005		7.450%		NY - 90.00%		Paid Off - 360		01-Nov-2004
409171810 2			146,798.00		146,797.95			31-May-2005		7.250%		AZ - 80.00%		Paid Off - 360		01-Nov-2004
409171810 2					146,797.95					7.250%		AZ - 80.00%		Paid Off - 360



Page 21 of 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

June 27, 2005 Distribution

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
Loan Number			Original							Current		State &		Type Prepayment

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

409203461 2			220,000.00		220,000.00			26-May-2005		6.380%		WA - 80.00%		Paid Off - 360		01-Nov-2004
			220,000.00

409215073 1			208,000.00		207,184.89			15-Jun-2005		8.990%		CA - 64.60%		Paid Off - 360		01-Nov-2004
409215073 1					207,184.89			15-Jun-2005		8.990%		CA - 64.60%		Paid Off - 360		01-Nov-2004
1000334292 1			199,000.00		198,064.11			06-Jun-2005		6.350%		CA - 66.33%		Paid Off - 360		01-Jan-2005
1000334292 1					198,064.11			06-Jun-2005		6.350%		CA - 66.33%		Paid Off - 360		01-Jan-2005
1000354788 1			200,000.00		199,386.30			01-Jun-2005		7.450%		IL - 64.52%		Paid Off - 360		01-Feb-2005
1000354788 1					199,386.30			01-Jun-2005		7.450%		IL - 64.52%		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
1000368323 2					224,492.47			31-May-2005		7.850%		IL - 75.00%		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
1000372205 2					327,599.40			27-May-2005		6.030%		FL - 80.00%		Paid Off - 360		01-Feb-2005
1000372216 2			81,900.00		81,775.03			27-May-2005		10.870%		FL - 100.00%		Paid Off - 180		01-Feb-2005
1000372216 2					81,775.03			27-May-2005		10.870%		FL - 100.00%		Paid Off - 180		01-Feb-2005
1000379730 1			58,990.00		58,892.94			31-May-2005		10.400%		CO - 100.00%		Paid Off - 180		01-Feb-2005
1000379730 1					58,892.94			31-May-2005		10.400%		CO - 100.00%		Paid Off - 180		01-Feb-2005
1000407956 2			208,800.00		208,800.00			13-Jun-2005		7.270%		CA - 80.00%		Paid Off - 360		01-Mar-2005
1000407956 2					208,800.00			13-Jun-2005		7.270%		CA - 80.00%		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
1000407967 2					463,999.00			14-Jun-2005		7.450%		CA - 80.00%		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
1000407989 1					52,132.35			13-Jun-2005		10.150%		CA - 100.00%		Paid Off - 180		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
1000408283 2					86,908.10			14-Jun-2005		11.150%		CA - 95.00%		Paid Off - 180		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
1000414471 2					293,000.00			07-Jun-2005		6.170%		CA - 69.76%		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		#######
1000415045 1					227,560.71			02-Jun-2005		8.250%		CA - 80.00%		Paid Off - 360
1000415674 1			232,750.00		232,336.90			06-Jun-2005		8.650%		CA - 95.00%		Paid Off - 360		01-Mar-2005
1000415674 1					232,336.90			06-Jun-2005		8.650%		CA - 95.00%		Paid Off - 360		01-Mar-2005
1000425350 1			160,000.00		159,576.22			03-Jun-2005		6.650%		CA - 80.00%		Paid Off - 360		01-Mar-2005
1000425350 1					159,576.22			03-Jun-2005		6.650%		CA - 80.00%		Paid Off - 360		01-Mar-2005
1000426395 2			221,000.00		221,000.00			10-Jun-2005		7.500%		CA - 85.00%		Paid Off - 360		01-Mar-2005
1000426395 2					221,000.00			10-Jun-2005		7.500%		CA - 85.00%		Paid Off - 360		01-Mar-2005
1000426610 1			300,000.00		299,224.52			13-Jun-2005		6.780%		CA - 75.00%		Paid Off - 360		01-Mar-2005
1000426610 1					299,224.52			13-Jun-2005		6.780%		CA - 75.00%		Paid Off - 360		01-Mar-2005
1000433124 1			151,600.00		3,392.59			09-Jun-2005		7.820%		IL - 81.95%		Paid Off - 360		01-Mar-2005
1000433124 1					3,392.59			09-Jun-2005		7.820%		IL - 81.95%		Paid Off - 360		01-Mar-2005
1000435036 1			200,000.00		199,412.14			10-Jun-2005		6.110%		CA - 68.97%		Paid Off - 360		01-Mar-2005
1000435036 1					199,412.14			10-Jun-2005		6.110%		CA - 68.97%		Paid Off - 360		01-Mar-2005
1000435047 1			139,428.00		139,089.83			27-May-2005		7.100%		AZ - 80.00%		Paid Off - 360		01-Mar-2005
1000435047 1					139,089.83			27-May-2005		7.100%		AZ - 80.00%		Paid Off - 360		01-Mar-2005
1000435182 2			34,857.00		34,814.34			27-May-2005		10.420%		AZ - 100.00%		Paid Off - 180		01-Mar-2005
1000435182 2					34,814.34			27-May-2005		10.420%		AZ - 100.00%		Paid Off - 180		01-Mar-2005
1000439535 2			224,000.00		224,000.00			13-Jun-2005		7.150%		IL - 65.88%		Paid Off - 360		01-Mar-2005
1000439535 2					224,000.00			13-Jun-2005		7.150%		IL - 65.88%		Paid Off - 360		01-Mar-2005
1000441673 1			285,000.00		284,494.16			01-Jun-2005		8.650%		IL - 95.00%		Paid Off - 360		01-Mar-2005
1000441673 1					284,494.16			01-Jun-2005		8.650%		IL - 95.00%		Paid Off - 360		01-Mar-2005
1000450673 1			292,500.00		291,906.05			13-Jun-2005		7.990%		CA - 90.00%		Paid Off - 360		01-Mar-2005
1000450673 1					291,906.05			13-Jun-2005		7.990%		CA - 90.00%		Paid Off - 360		01-Mar-2005
1000452237 2			336,000.00		336,000.00			23-May-2005		7.900%		IL - 80.00%		Paid Off - 360		01-Apr-2005
1000452237 2					336,000.00			23-May-2005		7.900%		IL - 80.00%		Paid Off - 360		01-Apr-2005
1000452552 1			250,000.00		249,405.51			13-Jun-2005		7.200%		CA - 73.53%		Paid Off - 360		01-Mar-2005
1000452552 1					249,405.51			13-Jun-2005		7.200%		CA - 73.53%		Paid Off - 360		01-Mar-2005
1000454688 1			150,000.00		149,570.78			15-Jun-2005		6.250%		CA - 55.56%		Paid Off - 360		01-Mar-2005
1000454688 1					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
1000455566 2					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
9500577490 2					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
9500581906 2					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
9500609590 2					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
9500614921 2					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
9500615654 2					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
9500619276 2					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
9500622205 2					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
9500623989 2					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
9500624052 2					73,622.09					7.600%		CO - 85.00%		Paid Off - 360



Page 22 of 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

June 27, 2005 Distribution

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
Loan Number			Original							Current		State &		Type Prepayment

&		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
			207,000.00

9500626859 2			132,300.00		132,299.95			14-Jun-2005		6.500%		MI - 89.39%		Paid Off - 360		01-Dec-2004
9500626859 2					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
9500632840 2					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
9500633467 2					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
9500636171 2					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
9500636908 2					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
9500639738 2					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
9500640595 2					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
9500664462 2					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
TOTAL


Page 23 of 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

June 27, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



											Group 2		Group 1		Total


Current
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
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 24 of 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

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%		0.01%
Avg CDR Since Cut-off										0.03%		0.00%		0.01%


SDA										0.00%		0.00%		0.00%
3 Months Avg SDA Approximation										0.32%		0.00%		0.15%
12 Months Avg SDA Approximation										0.25%		0.00%		0.12%
Avg SDA Since Cut-off Approximation										0.25%		0.00%		0.12%


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										5.97%		0.00%		5.97%
Avg Loss Severity Approximation Since Cut-off										5.97%		0.00%		5.97%












Page 25 of 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

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 26 of 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

June 27, 2005 Distribution
Realized Loss Detail Report
Loan Number			Current		State &				Prior		Realized				Cumulative
															Cumulative
&		Loan	Note		LTV at		Original		Principal		Loss/(Gain)		Realized		Realized

Loan Group		Status	Rate		Origination		Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)
Loan Group		Status	Rate		Origination		Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)




TOTAL



Page 27 of 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

June 27, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
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								17,604,088.92
						Ending Collateral Balance								705,544,873.55
						Delinquency Percentage								2.495105%

						Senior Enhancement Percentage								26.535863%

						Cumulative Loss Percentage								0.000991%


ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION

SPACE INTENTIONALLY LEFT BLANK




Page 28 of 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

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
													$0.00		$0.00
			I-A2										$0.00		$0.00
													$0.00		$0.00
			II-A1										$0.00		$0.00
													$0.00		$0.00
			II-A2										$0.00		$0.00
													$0.00		$0.00
			II-A3										$0.00		$0.00
													$0.00		$0.00
			M-1										$0.00		$0.00
													$0.00		$0.00
			M-2										$0.00		$0.00
													$0.00		$0.00
			M-3										$0.00		$0.00
													$0.00		$0.00
			M-4										$0.00		$0.00
													$0.00		$0.00
			M-5										$0.00		$0.00
													$0.00		$0.00
			M-6										$0.00		$0.00
													$0.00		$0.00
			M-7										$0.00		$0.00
													$0.00		$0.00
			M-8										$0.00		$0.00
													$0.00		$0.00
			M-9										$0.00		$0.00
													$0.00		$0.00
			B-1										$0.00		#######
													$0.00		#######
			B-2										$0.00		#######
													$0.00		#######
			B-3										$0.00		$942.94
													$0.00		$942.94






Page 29 of 29

Soundview Home Loan Trust 2005-1 8-K