
                                    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):  October 25, 2005
                            (Date of earliest event reported)

            Financial Asset Securities Corp. (as Depositor under the
              Pooling and Servicing Agreement, dated as August 1, 2005,
          providing for the issuance of Soundview Home Loan Trust 2005-OPT2
              Mortgage Pass-Through Certificates, Series 2005-OPT2)
                 (Exact name of registrant as specified in charter)

                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-121661-33                          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
     October 25, 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:  Oct 28, 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 October 25, 2005.



Soundview Home Equity Loan Trust 2005-OPT2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT2

October 25, 2005 Distribution

				External Parties						Table of Contents

													Page
				Seller									Page
				Seller						1. Certificate Payment Report					2
				Greenwich Capital Financial Products, In						1. Certificate Payment Report					2
				Greenwich Capital Financial Products, In						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					13
				Certificate Insurer(s)						5. Delinquency Report					13
										6. REO Report					16

										7. Foreclosure Report					17
										8. Prepayment Report					18
										9. Prepayment Detail Report					21
										9. Prepayment Detail Report					21
										10. Realized Loss Detail Report					23
										11. Triggers and Adj. Cert. Report					24
				Servicer(s)						11. Triggers and Adj. Cert. Report					24
				Servicer(s)						12. Additional Certificate Report					25
				Option One						12. Additional Certificate Report					25
				Option One


				Underwriter(s)
				Greenwich Capital Markets


										Total Number of Pages					25
										Total Number of Pages

				Dates						Contacts

				Cut-Off Date:			August 01, 2005			Hang Luu
				Close Date:			August 18, 2005			Administrator
				First Distribution Date:			September 26, 2005			(714) 247-6000
										hang-thai.luu@db.com
										hang-thai.luu@db.com
										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92705
				Distribution Date:			October 25, 2005
										Factor Information:			(800) 735-7777
				Record Date:			September 30, 2005			Factor Information:			(800) 735-7777
										Main Phone Number:			(714) 247-6000

							October 24, 2005
							October 24, 2005

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






Page 1 of 25
Soundview Home Equity Loan Trust 2005-OPT2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT2

October 25, 2005 Distribution
Certificate Payment Report
Current Period Distribution -
					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)

A-1		$	557,653,000.00		545,573,700.58		1,801,908.69		9,197,872.34		10,999,781.03		0.00		0.00		536,375,828.24
A-1		$	557,653,000.00		545,573,700.58		1,801,908.69		9,197,872.34		10,999,781.03		0.00		0.00		536,375,828.24
A-2		$	107,732,000.00		100,498,728.11		318,971.80		5,003,429.07		5,322,400.87		0.00		0.00		95,495,299.04
A-3		$	66,292,000.00		66,292,000.00		214,675.59		0.00		214,675.59		0.00		0.00		66,292,000.00
A-4		$	94,539,000.00		94,539,000.00		313,764.44		0.00		313,764.44		0.00		0.00		94,539,000.00
A-5		$	34,793,000.00		34,793,000.00		117,716.32		0.00		117,716.32		0.00		0.00		34,793,000.00
A-6		$	23,816,000.00		23,816,000.00		80,769.32		0.00		80,769.32		0.00		0.00		23,816,000.00
M-1		$	47,115,000.00		47,115,000.00		164,719.28		0.00		164,719.28		0.00		0.00		47,115,000.00
M-2		$	34,689,000.00		34,689,000.00		122,673.79		0.00		122,673.79		0.00		0.00		34,689,000.00
M-3		$	8,802,000.00		8,802,000.00		31,765.44		0.00		31,765.44		0.00		0.00		8,802,000.00
M-4		$	10,355,000.00		10,355,000.00		38,204.20		0.00		38,204.20		0.00		0.00		10,355,000.00
M-5		$	8,802,000.00		8,802,000.00		33,892.59		0.00		33,892.59		0.00		0.00		8,802,000.00
M-6		$	9,319,000.00		9,319,000.00		36,634.02		0.00		36,634.02		0.00		0.00		9,319,000.00
M-7		$	8,284,000.00		8,284,000.00		38,237.56		0.00		38,237.56		0.00		0.00		8,284,000.00
M-8		$	8,284,000.00		8,284,000.00		45,578.11		0.00		45,578.11		0.00		0.00		8,284,000.00
M-9		$	8,284,000.00		8,284,000.00		45,578.11		0.00		45,578.11		0.00		0.00		8,284,000.00
C		$	6,729,682.34		6,730,677.09		1,983,619.92		0.00		1,983,619.92		0.00		0.00		6,730,677.09
P		$	100.00		100.00		207,522.80		0.00		207,522.80		0.00		0.00		100.00
R		$	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


Total			1,035,488,782.34		1,016,177,205.78		5,596,231.98		14,201,301.41		19,797,533.39		0.00		0.00		1,001,975,904.37
Total





Page 2 of 25
Soundview Home Equity Loan Trust 2005-OPT2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT2

October 25, 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)
A-1	09/26/05		10/24/05		A-Act/360		83611MGB8		557,653,000.00		978.339040		3.231236		16.493899		19.725136	961.845141
A-2	09/26/05		10/24/05		A-Act/360		83611MGC6		107,732,000.00		932.858650		2.960790		46.443295		49.404085	886.415355
A-3	09/26/05		10/24/05		A-Act/360		83611MGD4		66,292,000.00		1,000.000000		3.238333		0.000000		3.238333	1,000.000000
A-4	09/26/05		10/24/05		A-Act/360		83611MGE2		94,539,000.00		1,000.000000		3.318889		0.000000		3.318889	1,000.000000
A-5	09/26/05		10/24/05		A-Act/360		83611MGF9		34,793,000.00		1,000.000000		3.383333		0.000000		3.383333	1,000.000000
A-6	09/26/05		10/24/05		A-Act/360		83611MGG7		23,816,000.00		1,000.000000		3.391389		0.000000		3.391389	1,000.000000
M-1	09/26/05		10/24/05		A-Act/360		83611MGH5		47,115,000.00		1,000.000000		3.496111		0.000000		3.496111	1,000.000000
M-2	09/26/05		10/24/05		A-Act/360		83611MGJ1		34,689,000.00		1,000.000000		3.536389		0.000000		3.536389	1,000.000000
M-3	09/26/05		10/24/05		A-Act/360		83611MGK8		8,802,000.00		1,000.000000		3.608889		0.000000		3.608889	1,000.000000
M-4	09/26/05		10/24/05		A-Act/360		83611MGL6		10,355,000.00		1,000.000000		3.689445		0.000000		3.689445	1,000.000000
M-5	09/26/05		10/24/05		A-Act/360		83611MGM4		8,802,000.00		1,000.000000		3.850556		0.000000		3.850556	1,000.000000
M-6	09/26/05		10/24/05		A-Act/360		83611MGN2		9,319,000.00		1,000.000000		3.931111		0.000000		3.931111	1,000.000000
M-7	09/26/05		10/24/05		A-Act/360		83611MGP7		8,284,000.00		1,000.000000		4.615833		0.000000		4.615833	1,000.000000
M-8	09/26/05		10/24/05		A-Act/360		83611MGQ5		8,284,000.00		1,000.000000		5.501945		0.000000		5.501945	1,000.000000
M-9	09/26/05		10/24/05		A-Act/360		83611MGR3		8,284,000.00		1,000.000000		5.501945		0.000000		5.501945	1,000.000000
C	09/01/05		09/30/05		A-30/360				6,729,682.34		1,000.147815		294.756843		0.000000		294.756843	1,000.147815
P	09/25/05		10/24/05		A-30/360				100.00		1,000.000000		2,075,228.000000		0.000000		2,075,228.000000	1,000.000000
R	09/25/05		10/24/05		A-30/360				0.00		0.000000		0.000000		0.000000		0.000000	0.000000
R-X	09/25/05		10/24/05		A-30/360				0.00		0.000000		0.000000		0.000000		0.000000	0.000000




Page 3 of 25
Soundview Home Equity Loan Trust 2005-OPT2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT2

October 25, 2005 Distribution

Distribution to Date -
																	Current


	Original				Unscheduled		Scheduled		Total		Total		Realized		Deferred		Principal

Class	Face Value		Interest		Principal		Principal		Principal		Distribution		Loss		Interest		Balance
	(1)		(2)		(3)		(4)		(5)=(3)+(4)		(6)=(2)+(5)		(7)		(8)		(9)=(1)-(5)-(7)+(8)
A-1	557,653,000.00		4,132,697.94		20,472,954.59		804,217.17		21,277,171.76		25,409,869.70		0.00		0.00		536,375,828.24
A-2	107,732,000.00		750,579.32		11,777,478.83		459,222.13		12,236,700.96		12,987,280.28		0.00		0.00		95,495,299.04
A-3	66,292,000.00		486,007.03		0.00		0.00		0.00		486,007.03		0.00		0.00		66,292,000.00
A-4	94,539,000.00		710,951.85		0.00		0.00		0.00		710,951.85		0.00		0.00		94,539,000.00
A-5	34,793,000.00		266,907.81		0.00		0.00		0.00		266,907.81		0.00		0.00		34,793,000.00
A-6	23,816,000.00		183,149.72		0.00		0.00		0.00		183,149.72		0.00		0.00		23,816,000.00
M-1	47,115,000.00		373,892.96		0.00		0.00		0.00		373,892.96		0.00		0.00		47,115,000.00
M-2	34,689,000.00		278,559.48		0.00		0.00		0.00		278,559.48		0.00		0.00		34,689,000.00
M-3	8,802,000.00		72,178.13		0.00		0.00		0.00		72,178.13		0.00		0.00		8,802,000.00
M-4	10,355,000.00		86,868.98		0.00		0.00		0.00		86,868.98		0.00		0.00		10,355,000.00
M-5	8,802,000.00		77,165.93		0.00		0.00		0.00		77,165.93		0.00		0.00		8,802,000.00
M-6	9,319,000.00		83,458.65		0.00		0.00		0.00		83,458.65		0.00		0.00		9,319,000.00
M-7	8,284,000.00		87,489.87		0.00		0.00		0.00		87,489.87		0.00		0.00		8,284,000.00
M-8	8,284,000.00		104,702.18		0.00		0.00		0.00		104,702.18		0.00		0.00		8,284,000.00
M-9	8,284,000.00		104,702.18		0.00		0.00		0.00		104,702.18		0.00		0.00		8,284,000.00
C	6,729,682.34		3,085,442.25		-962.09		-32.66		0.00		3,085,442.25		0.00		994.75		6,730,677.09
P	100.00		439,614.37		0.00		0.00		0.00		439,614.37		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	1,035,488,782.34		11,324,368.65		32,249,471.33		1,263,406.64		33,513,872.72		44,838,241.37		0.00		994.75		1,001,975,904.37



Page 4 of 25
Soundview Home Equity Loan Trust 2005-OPT2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT2

October 25, 2005 Distribution

Interest Detail -
	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)
A-1	4.10000%		545,573,700.58		1,801,908.69		0.00		0.00		0.00		1,801,908.69		1,801,908.69		0.00
A-2	3.94000%		100,498,728.11		318,971.80		0.00		0.00		0.00		318,971.80		318,971.80		0.00
A-3	4.02000%		66,292,000.00		214,675.59		0.00		0.00		0.00		214,675.59		214,675.59		0.00
A-4	4.12000%		94,539,000.00		313,764.44		0.00		0.00		0.00		313,764.44		313,764.44		0.00
A-5	4.20000%		34,793,000.00		117,716.32		0.00		0.00		0.00		117,716.32		117,716.32		0.00
A-6	4.21000%		23,816,000.00		80,769.32		0.00		0.00		0.00		80,769.32		80,769.32		0.00
M-1	4.34000%		47,115,000.00		164,719.28		0.00		0.00		0.00		164,719.28		164,719.28		0.00
M-2	4.39000%		34,689,000.00		122,673.79		0.00		0.00		0.00		122,673.79		122,673.79		0.00
M-3	4.48000%		8,802,000.00		31,765.44		0.00		0.00		0.00		31,765.44		31,765.44		0.00
M-4	4.58000%		10,355,000.00		38,204.20		0.00		0.00		0.00		38,204.20		38,204.20		0.00
M-5	4.78000%		8,802,000.00		33,892.59		0.00		0.00		0.00		33,892.59		33,892.59		0.00
M-6	4.88000%		9,319,000.00		36,634.02		0.00		0.00		0.00		36,634.02		36,634.02		0.00
M-7	5.73000%		8,284,000.00		38,237.56		0.00		0.00		0.00		38,237.56		38,237.56		0.00
M-8	6.83000%		8,284,000.00		45,578.11		0.00		0.00		0.00		45,578.11		45,578.11		0.00
M-9	6.83000%		8,284,000.00		45,578.11		0.00		0.00		0.00		45,578.11		45,578.11		0.00
C	353.65594%		6,730,677.09		0.00		-6,675,547.28		0.00		0.00		9,946,005.30		1,983,619.92		7,962,385.38
P	2,490,273.60000%		100.00		0.00		0.00		0.00		0.00		0.00		207,522.80		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			1,016,177,205.78		3,405,089.26		-6,675,547.28		0.00		0.00		13,351,094.56		5,596,231.98		7,962,385.38



Page 5 of 25
Soundview Home Equity Loan Trust 2005-OPT2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT2

October 25, 2005 Distribution
Collection Account Report
SUMMARY
SUMMARY
										Group 2		Group 1		Total
Principal Collections										5,003,429.07		9,197,872.34		14,201,301.41
Principal Withrawals										0.00		0.00		0.00
Principal Other Accounts										0.00		0.00		0.00
TOTAL NET PRINCIPAL										5,003,429.07		9,197,872.34		14,201,301.41
Interest Collections										2,083,397.02		4,087,580.59		6,170,977.61
Interest Withdrawals										-0.00		-0.00		-0.00
Interest Other Accounts										0.00		207,522.80		207,522.80
Interest Fees										-239,402.12		-527,377.75		-782,268.42
TOTAL NET INTEREST										1,843,994.89		3,767,725.64		5,596,231.99
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION										6,847,423.96		12,965,597.98		19,797,533.40



PRINCIPAL - COLLECTIONS
PRINCIPAL - COLLECTIONS
											Group 2		Group 1		Total
Scheduled Principal Received											174,858.17		454,560.43		629,418.60
Curtailments											8,539.69		21,554.73		30,094.42
Prepayments In Full											4,820,031.21		8,721,757.18		13,541,788.39
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											-59,510.49		-142,752.93		-202,263.42
Realized Losses											-0.00		-0.00		-0.00
Advanced Principal											59,510.49		142,752.93		202,263.42
TOTAL PRINCIPAL COLLECTED											5,003,429.07		9,197,872.34		14,201,301.41


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



PRINCIPAL - OTHER ACCOUNTS
PRINCIPAL - OTHER ACCOUNTS
										Group 2		Group 1		Total
TOTAL PRINCIPAL OTHER ACCOUNTS										0.00		0.00		0.00





Page 6 of 25
Soundview Home Equity Loan Trust 2005-OPT2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT2

October 25, 2005 Distribution

INTEREST - COLLECTIONS
INTEREST - COLLECTIONS
										Group 2		Group 1		Total
Scheduled Interest										2,112,213.79		4,141,290.42		6,253,504.21
Repurchased/Substitution Interest										0.00		0.00		0.00
Liquidation Interest										0.00		0.00		0.00
Other Additional Interest										0.00		0.00		0.00
Prepayment Interest Shortfalls										-4,585.19		-6,111.83		-10,697.02
Delinquent Interest										-703,904.12		-1,391,223.70		-2,095,127.82
Compensating Interest										4,585.19		6,111.83		10,697.02
Civil Relief Act Shortfalls										-0.00		-0.00		-0.00
Interest Advanced										675,087.36		1,337,513.88		2,012,601.24
TOTAL INTEREST COLLECTED										2,083,397.02		4,087,580.59		6,170,977.61


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



INTEREST - OTHER ACCOUNTS
INTEREST - OTHER ACCOUNTS
										Group 2		Group 1		Total
Prepayment Charges														207,522.80
Withdrawl from Interest Coverage
TOTAL INTEREST OTHER ACCOUNTS										0.00		207,522.80		207,522.80



INTEREST - FEES
INTEREST - FEES
										Group 2		Group 1		Total
Current Servicing Fees										60,582.37		110,935.34		171,517.71
Trustee Fees										0.00		0.00		0.00
Credit Risk Management Fees														12,524.70
Custodian Fees														2,963.85
Radian PMI Premium Fee										178,819.75		416,442.41		595,262.16
CAP Payment														0.00
TOTAL INTEREST FEES										239,402.12		527,377.75		782,268.42



Page 7 of 25
Soundview Home Equity Loan Trust 2005-OPT2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT2

October 25, 2005 Distribution
Credit Enhancement Report
ACCOUNTS


SPACE INTENTIONALLY LEFT BLANK





INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES
STRUCTURAL FEATURES
										Group 2		Group 1		Total
Overcollateralization Target Amount														6,730,677.09
Overcollateralization Amount														6,730,677.09
Excess Overcollateralized Amount														0.00
Overcollateralization Release Amount														0.00
Overcollateralization Deficiency Amount														0.00
Extra Principal distribution Amount														0.00



Page 8 of 25
Soundview Home Equity Loan Trust 2005-OPT2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT2

October 25, 2005 Distribution
Collateral Report


COLLATERAL



											Group 2		Group 1		Total



Loan Count:


Original										1,179		4,386		5,565
Prior										1,159		4,321		5,480
Prefunding										0		0		0
Scheduled Paid Offs										-0		-0		-0
Full Voluntary Prepayments										-12		-46		-58
Repurchases										-0		-0		-0
Liquidations										-0		-0		-0
Current										1,147		4,275		5,422
Principal Balance:


Original										364,829,445.62		670,659,336.72		1,035,488,782.34
Prior										357,596,546.30		658,580,659.48		1,016,177,205.78
Prefunding										0.00		0.00		0.00
Scheduled Principal										-174,858.17		-454,560.43		-629,418.60
Partial Prepayments										-8,539.69		-21,554.73		-30,094.42
Full Voluntary Prepayments										-4,820,031.21		-8,721,757.18		-13,541,788.39
Repurchases										-0.00		-0.00		-0.00
Liquidations										-0.00		-0.00		-0.00
Current										352,593,117.23		649,382,787.14		1,001,975,904.37





PREFUNDING
PREFUNDING
										Group 2		Group 1		Total
Prefunding Account Original Balance
Prefunding Account Beginning Balance										0.00		0.00		0.00
Subsequent Loans Added to the Pool
Prefund Release to Certificate Holders
Prefunding Account Ending Balance
Withdrawal from Interest Coverage Account Balance




Page 9 of 25
Soundview Home Equity Loan Trust 2005-OPT2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT2

October 25, 2005 Distribution


CHARACTERISTICS
CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Coupon Original										7.09732%		7.55099%		7.39115%
Weighted Average Coupon Prior										7.09732%		7.55099%		7.39115%
Weighted Average Coupon Current										7.08803%		7.54585%		7.38474%
Weighted Average Months to Maturity Original										356		354		355
Weighted Average Months to Maturity Prior										356		354		355
Weighted Average Months to Maturity Current										355		353		354
Weighted Avg Remaining Amortization Term Original										356		354		355
Weighted Avg Remaining Amortization Term Prior										356		354		355
Weighted Avg Remaining Amortization Term Current										355		353		354
Weighted Average Seasoning Original										3.18		3.00		3.06
Weighted Average Seasoning Prior										3.18		3.00		3.06
Weighted Average Seasoning Current										4.17		4.00		4.06






Page 10 of 25
Soundview Home Equity Loan Trust 2005-OPT2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT2

October 25, 2005 Distribution



ARM CHARACTERISTICS
ARM CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Margin Original										5.13944%		5.53977%		5.38856%
Weighted Average Margin Prior										5.13944%		5.53977%		5.38856%
Weighted Average Margin Current										5.13460%		5.53737%		5.38548%
Weighted Average Max Rate Original										13.02977%		13.53142%		13.34194%
Weighted Average Max Rate Prior										13.02977%		13.53142%		13.34194%
Weighted Average Max Rate Current										13.01900%		13.52818%		13.33616%
Weighted Average Min Rate Original										7.01838%		7.52787%		7.33543%
Weighted Average Min Rate Prior										7.01838%		7.52787%		7.33543%
Weighted Average Min Rate Current										7.00737%		7.52422%		7.32931%
Weighted Average Cap Up Original										1.00663%		1.00527%		1.00578%
Weighted Average Cap Up Prior										1.00663%		1.00527%		1.00578%
Weighted Average Cap Up Current										1.00677%		1.00536%		1.00589%
Weighted Average Cap Down Original										1.00663%		1.00527%		1.00578%
Weighted Average Cap Down Prior										1.00663%		1.00527%		1.00578%
Weighted Average Cap Down Current										1.00677%		1.00536%		1.00589%





Page 11 of 25
Soundview Home Equity Loan Trust 2005-OPT2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT2

October 25, 2005 Distribution

SERVICING FEES & ADVANCES

											Group 2		Group 1		Total




Current Servicing Fees										60,582.37		110,935.34		171,517.71
Delinquent Servicing Fees										28,816.76		53,709.83		82,526.59
TOTAL SERVICING FEES										89,399.14		164,645.17		254,044.31


Total Servicing Fees										89,399.14		164,645.17		254,044.31
Compensating Interest										-4,585.19		-6,111.83		-10,697.02
Delinquent Servicing Fees										-28,816.76		-53,709.83		-82,526.59
COLLECTED SERVICING FEES										55,997.19		104,823.51		160,820.70


Total Advaced Interest										675,087.36		1,337,513.88		2,012,601.24
Total Advaced Principal										59,510.49		142,752.93		202,263.42
Aggregate Advances with respect to this Distribution										734,597.85		1,480,266.80		2,214,864.65





ADDITIONAL COLLATERAL INFORMATION
										Group 2		Group 1		Total
Prepayment Interest Shortfall (PPIS)										4,585.19		6,111.83		10,697.02
Compensating Interest										-4,585.19		-6,111.83		-10,697.02
Net Prepayment Interest Shortfall (PPIS)										0.00		0.00		0.00

Weighted Average Net Mortgage Rate										6.187962%		6.865174%

Libor For Current Period														3.8300%

Libor For Next Period														4.0375%



Page 12 of 25
Soundview Home Equity Loan Trust 2005-OPT2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT2

October 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				2,393,805.14		1,820,303.30		0.00		4,214,108.44
			% Balance				0.24%		0.18%		0.00%		0.42%
			# Loans				10		3		0		13
			% # Loans				0.18%		0.06%		0.00%		0.24%
	FORECLOSURE		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	BANKRUPTCY		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	REO		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		0.00		2,393,805.14		1,820,303.30		0.00		4,214,108.44
			% Balance		0.00%		0.24%		0.18%		0.00%		0.42%
			# Loans		0		10		3		0		13
			% # Loans		0.00%		0.18%		0.06%		0.00%		0.24%









Page 13 of 25
Soundview Home Equity Loan Trust 2005-OPT2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT2

October 25, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				1,111,848.81		301,142.88		0.00		1,412,991.69
			% Balance				0.17%		0.05%		0.00%		0.22%
			# Loans				6		1		0		7
			% # Loans				0.14%		0.02%		0.00%		0.16%
	FORECLOSURE		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	BANKRUPTCY		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	REO		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		0.00		1,111,848.81		301,142.88		0.00		1,412,991.69
			% Balance		0.00%		0.17%		0.05%		0.00%		0.22%
			# Loans		0		6		1		0		7
			% # Loans		0.00%		0.14%		0.02%		0.00%		0.16%










Page 14 of 25
Soundview Home Equity Loan Trust 2005-OPT2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT2

October 25, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				1,281,956.33		1,519,160.42		0.00		2,801,116.75
			% Balance				0.36%		0.43%		0.00%		0.79%
			# Loans				4		2		0		6
			% # Loans				0.35%		0.17%		0.00%		0.52%
	FORECLOSURE		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	BANKRUPTCY		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	REO		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		0.00		1,281,956.33		1,519,160.42		0.00		2,801,116.75
			% Balance		0.00%		0.36%		0.43%		0.00%		0.79%
			# Loans		0		4		2		0		6
			% # Loans		0.00%		0.35%		0.17%		0.00%		0.52%









Page 15 of 25
Soundview Home Equity Loan Trust 2005-OPT2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT2

October 25, 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 16 of 25
Soundview Home Equity Loan Trust 2005-OPT2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT2

October 25, 2005 Distribution
Foreclosure Report
Loan Number			Original		Stated				Current		State &

														First
&			Principal		Principal		Paid to		Note		LTV at		Original		Payment

Loan Group			Balance		Balance		Date		Rate		Origination		Term		Date




TOTAL


Page 17 of 25
Soundview Home Equity Loan Trust 2005-OPT2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT2

October 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS
VOLUNTARY PREPAYMENTS

											Group 2		Group 1		Total




Current


Number of Paid in Full Loans										12		46		58
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										12		46		58
Curtailments Amount										8,539.69		21,554.73		30,094.42
Paid in Full Balance										4,820,031.21		8,721,757.18		13,541,788.39
Repurchased Loans Balance										0.00		0.00		0.00
Total Prepayment Amount										4,828,570.90		8,743,311.91		13,571,882.81

Cumulative


Number of Paid in Full Loans										32		111		143
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										32		111		143
Paid in Full Balance										11,644,460.54		20,303,333.08		31,947,793.62
Repurchased Loans Balance										0.00		0.00		0.00
Curtailments Amount										240,147.97		61,529.74		301,677.71
Total Prepayment Amount										11,884,608.51		20,364,862.82		32,249,471.33










Page 18 of 25
Soundview Home Equity Loan Trust 2005-OPT2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT2

October 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES
VOLUNTARY PREPAYMENTS RATES

											Group 2		Group 1		Total



SMM										1.35%		1.33%		1.34%
3 Months Avg SMM										1.64%		1.53%		1.57%
12 Months Avg SMM										1.64%		1.53%		1.57%
Avg SMM Since Cut-off										1.64%		1.53%		1.57%


CPR										15.06%		14.83%		14.91%
3 Months Avg CPR										18.03%		16.91%		17.30%
12 Months Avg CPR										18.03%		16.91%		17.30%
Avg CPR Since Cut-off										18.03%		16.91%		17.30%


PSA										1,804.16%		1,853.61%		1,835.73%
3 Months Avg PSA Approximation										2,452.68%		2,415.57%		2,429.32%
12 Months Avg PSA Approximation										2,452.68%		2,415.57%		2,429.32%
Avg PSA Since Cut-off Approximation										2,452.68%		2,415.57%		2,429.32%










Page 19 of 25
Soundview Home Equity Loan Trust 2005-OPT2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT2

October 25, 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 20 of 25
Soundview Home Equity Loan Trust 2005-OPT2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT2

October 25, 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

11074776 2			416,000.00		416,000.00				6.200%		CA - 80.00%		Paid Off - 360		01-Jun-2005
			416,000.00

11075533 1			219,000.00		218,431.15			30-Sep-2005		6.750%		CA - 56.06%		Paid Off - 360		01-Jul-2005
11075533 1					218,431.15			30-Sep-2005		6.750%		CA - 56.06%		Paid Off - 360		01-Jul-2005
11075573 1			264,000.00		263,280.14			30-Sep-2005		6.500%		CA - 74.86%		Paid Off - 360		01-Jul-2005
11075573 1					263,280.14			30-Sep-2005		6.500%		CA - 74.86%		Paid Off - 360		01-Jul-2005
21064863 1			280,000.00		279,402.42			30-Sep-2005		7.750%		CA - 76.60%		Paid Off - 360		01-Jul-2005
21064863 1					279,402.42			30-Sep-2005		7.750%		CA - 76.60%		Paid Off - 360		01-Jul-2005
31033857 2			1,976,250.00		1,968,617.93			19-Sep-2005		6.200%		CA - 74.78%		Paid Off - 360		01-Jun-2005
31033857 2					1,968,617.93			19-Sep-2005		6.200%		CA - 74.78%		Paid Off - 360		01-Jun-2005
31033904 2			189,200.00		188,979.62			22-Sep-2005		7.750%		CA - 79.94%		Paid Off - 360		01-Jun-2005
31033904 2					188,979.62			22-Sep-2005		7.750%		CA - 79.94%		Paid Off - 360		01-Jun-2005
41067228 1			166,500.00		166,094.20			30-Sep-2005		7.075%		WI - 85.25%		Paid Off - 360		01-Jul-2005
41067228 1					166,094.20			30-Sep-2005		7.075%		WI - 85.25%		Paid Off - 360		01-Jul-2005
61059012 1			268,000.00		267,620.48				7.750%		OH - 79.94%		Paid Off - 360		01-Aug-2005
61059012 1					267,620.48				7.750%		OH - 79.94%		Paid Off - 360		01-Aug-2005
101048172 2			197,600.00		197,332.75			30-Sep-2005		9.950%		GA - 79.93%		Paid Off - 360		01-Jul-2005
101048172 2					197,332.75			30-Sep-2005		9.950%		GA - 79.93%		Paid Off - 360		01-Jul-2005
131032878 1			94,050.00		93,909.77				9.500%		OH - 89.48%		Paid Off - 360		01-Jul-2005
131032878 1					93,909.77				9.500%		OH - 89.48%		Paid Off - 360		01-Jul-2005
131033182 1			80,100.00		80,001.26			21-Sep-2005		10.385%		OH - 89.93%		Paid Off - 360		01-Jul-2005
131033182 1					80,001.26			21-Sep-2005		10.385%		OH - 89.93%		Paid Off - 360		01-Jul-2005
141046859 1			148,500.00		148,140.03			16-Sep-2005		8.550%		CT - 89.84%		Paid Off - 360		01-Jun-2005
141046859 1					148,140.03			16-Sep-2005		8.550%		CT - 89.84%		Paid Off - 360		01-Jun-2005
141047756 2			660,000.00		658,268.88			30-Sep-2005		6.700%		NY - 79.86%		Paid Off - 360		01-Jul-2005
141047756 2					658,268.88			30-Sep-2005		6.700%		NY - 79.86%		Paid Off - 360		01-Jul-2005
171025611 1			140,000.00		139,698.65			28-Sep-2005		7.700%		AZ - 79.89%		Paid Off - 360		01-Jul-2005
171025611 1					139,698.65			28-Sep-2005		7.700%		AZ - 79.89%		Paid Off - 360		01-Jul-2005
191024466 1			154,800.00		154,450.24				8.900%		AZ - 89.85%		Paid Off - 360		01-Jun-2005
191024466 1					154,450.24				8.900%		AZ - 89.85%		Paid Off - 360		01-Jun-2005
211030776 1			284,750.00		284,072.90			19-Sep-2005		7.200%		FL - 84.87%		Paid Off - 360		01-Jul-2005
211030776 1					284,072.90			19-Sep-2005		7.200%		FL - 84.87%		Paid Off - 360		01-Jul-2005
231065403 1			110,250.00		110,013.86				9.150%		NJ - 89.86%		Paid Off - 360		01-Jun-2005
231065403 1					110,013.86				9.150%		NJ - 89.86%		Paid Off - 360		01-Jun-2005
231066930 1			120,000.00		119,073.69				8.250%		NJ - 47.74%		Paid Off - 360		01-Jul-2005
231066930 1					119,073.69				8.250%		NJ - 47.74%		Paid Off - 360		01-Jul-2005
231067204 1			230,000.00		229,343.60			22-Sep-2005		6.500%		NY - 38.91%		Paid Off - 360		01-Jul-2005
231067204 1					229,343.60			22-Sep-2005		6.500%		NY - 38.91%		Paid Off - 360		01-Jul-2005
231067260 1			237,650.00		237,650.00				8.900%		FL - 93.93%		Paid Off - 360		01-Jul-2005
231067260 1					237,650.00				8.900%		FL - 93.93%		Paid Off - 360		01-Jul-2005
231068285 1			148,000.00		147,615.55			16-Sep-2005		6.750%		PA - 79.86%		Paid Off - 360		01-Jul-2005
231068285 1					147,615.55			16-Sep-2005		6.750%		PA - 79.86%		Paid Off - 360		01-Jul-2005
231068736 1			238,000.00		237,642.08			30-Sep-2005		7.450%		RI - 84.94%		Paid Off - 360		01-Aug-2005
231068736 1					237,642.08			30-Sep-2005		7.450%		RI - 84.94%		Paid Off - 360		01-Aug-2005
261052408 1			75,000.00		74,869.59				8.750%		FL - 41.73%		Paid Off - 360		01-Jul-2005
261052408 1					74,869.59				8.750%		FL - 41.73%		Paid Off - 360		01-Jul-2005
271022312 1			173,000.00		172,474.78				5.940%		VA - 73.47%		Paid Off - 360		01-Jul-2005
271022312 1					172,474.78				5.940%		VA - 73.47%		Paid Off - 360		01-Jul-2005
271022387 2			59,800.00		59,717.39			27-Sep-2005		9.850%		CA - 95.36%		Paid Off - 360		01-Jul-2005
271022387 2					59,717.39			27-Sep-2005		9.850%		CA - 95.36%		Paid Off - 360		01-Jul-2005
271022667 1			118,000.00		117,802.75				8.940%		VA - 77.99%		Paid Off - 360		01-Jul-2005
271022667 1					117,802.75				8.940%		VA - 77.99%		Paid Off - 360		01-Jul-2005
311027457 1			192,500.00		191,992.83				6.990%		FL - 69.88%		Paid Off - 360		01-Jul-2005
311027457 1					191,992.83				6.990%		FL - 69.88%		Paid Off - 360		01-Jul-2005
311027459 1			261,000.00		261,000.00			16-Sep-2005		7.850%		NJ - 90.00%		Paid Off - 360		01-Aug-2005
311027459 1					261,000.00			16-Sep-2005		7.850%		NJ - 90.00%		Paid Off - 360		01-Aug-2005
331036282 2			100,000.00		99,838.94				10.500%		NJ - 75.12%		Paid Off - 360		01-Jun-2005
331036282 2					99,838.94				10.500%		NJ - 75.12%		Paid Off - 360		01-Jun-2005
341024217 2			291,000.00		291,000.00				7.750%		SC - 80.00%		Paid Off - 360		01-Jun-2005
341024217 2					291,000.00				7.750%		SC - 80.00%		Paid Off - 360		01-Jun-2005
341024440 1			93,500.00		93,315.79			16-Sep-2005		9.550%		NC - 84.87%		Paid Off - 360		01-Jun-2005
341024440 1					93,315.79			16-Sep-2005		9.550%		NC - 84.87%		Paid Off - 360		01-Jun-2005
341024899 1			181,350.00		180,851.78				6.990%		NC - 89.83%		Paid Off - 360		01-Jul-2005
341024899 1					180,851.78				6.990%		NC - 89.83%		Paid Off - 360		01-Jul-2005
361024615 1			105,000.00		104,817.97			19-Sep-2005		8.790%		MI - 81.94%		Paid Off - 360		01-Jul-2005
361024615 1					104,817.97			19-Sep-2005		8.790%		MI - 81.94%		Paid Off - 360		01-Jul-2005
381021600 2			206,250.00		205,801.57			30-Sep-2005		7.650%		RI - 74.89%		Paid Off - 360		01-Jul-2005
381021600 2					205,801.57			30-Sep-2005		7.650%		RI - 74.89%		Paid Off - 360		01-Jul-2005
381022227 1			412,250.00		410,843.35				5.890%		MA - 83.94%		Paid Off - 360		01-Jul-2005
381022227 1					410,843.35				5.890%		MA - 83.94%		Paid Off - 360		01-Jul-2005
381022304 1			340,000.00		339,106.47				6.690%		MA - 55.82%		Paid Off - 360		01-Jul-2005
381022304 1					339,106.47				6.690%		MA - 55.82%		Paid Off - 360		01-Jul-2005
381022327 1			260,000.00		259,605.07			30-Sep-2005		7.400%		MA - 68.37%		Paid Off - 360		01-Aug-2005
381022327 1					259,605.07					7.400%		MA - 68.37%		Paid Off - 360


Page 21 of 25
Soundview Home Equity Loan Trust 2005-OPT2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT2

October 25, 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

381022421 1			165,000.00		164,709.47			30-Sep-2005		6.650%		RI - 76.68%		Paid Off - 360		01-Aug-2005
			165,000.00

401001794 1			151,300.00		151,300.00				8.250%		AZ - 85.00%		Paid Off - 360		01-Jul-2005
401001794 1					151,300.00				8.250%		AZ - 85.00%		Paid Off - 360		01-Jul-2005
401002028 1			260,000.00		259,284.14			30-Sep-2005		6.450%		CA - 63.30%		Paid Off - 360		01-Jul-2005
401002028 1					259,284.14			30-Sep-2005		6.450%		CA - 63.30%		Paid Off - 360		01-Jul-2005
511034638 2			160,000.00		62,232.63				5.950%		AZ - 79.72%		Paid Off - 360		01-May-2005
511034638 2					62,232.63				5.950%		AZ - 79.72%		Paid Off - 360		01-May-2005
521026634 1			170,000.00		169,768.30				7.940%		FL - 84.94%		Paid Off - 360		01-Aug-2005
521026634 1					169,768.30				7.940%		FL - 84.94%		Paid Off - 360		01-Aug-2005
561002421 1			128,650.00		128,263.14				5.990%		FL - 82.83%		Paid Off - 360		01-Jul-2005
561002421 1					128,263.14				5.990%		FL - 82.83%		Paid Off - 360		01-Jul-2005
611016270 1			400,000.00		400,000.00			19-Sep-2005		8.050%		NY - 72.99%		Paid Off - 360		01-Jul-2005
611016270 1					400,000.00			19-Sep-2005		8.050%		NY - 72.99%		Paid Off - 360		01-Jul-2005
631007676 2			408,750.00		408,750.00			30-Sep-2005		7.900%		CA - 75.00%		Paid Off - 360		01-Aug-2005
631007676 2					408,750.00			30-Sep-2005		7.900%		CA - 75.00%		Paid Off - 360		01-Aug-2005
631007906 1			316,500.00		316,500.00			30-Sep-2005		7.200%		CA - 77.20%		Paid Off - 360		01-Jul-2005
631007906 1					316,500.00			30-Sep-2005		7.200%		CA - 77.20%		Paid Off - 360		01-Jul-2005
651009715 1			144,750.00		144,441.51			06-Oct-2005		7.750%		NC - 74.89%		Paid Off - 360		01-Jul-2005
651009715 1					144,441.51			06-Oct-2005		7.750%		NC - 74.89%		Paid Off - 360		01-Jul-2005
651009888 1			174,400.00		174,099.89			30-Sep-2005		8.800%		MD - 79.91%		Paid Off - 360		01-Jul-2005
651009888 1					174,099.89			30-Sep-2005		8.800%		MD - 79.91%		Paid Off - 360		01-Jul-2005
661007033 1			175,000.00		174,666.34				8.300%		FL - 58.26%		Paid Off - 360		01-Jul-2005
661007033 1					174,666.34				8.300%		FL - 58.26%		Paid Off - 360		01-Jul-2005
661007327 1			188,500.00		187,993.42				6.575%		CA - 64.88%		Paid Off - 360		01-Jul-2005
661007327 1					187,993.42				6.575%		CA - 64.88%		Paid Off - 360		01-Jul-2005
661007366 1			288,000.00		287,433.89			26-Sep-2005		8.150%		CA - 79.90%		Paid Off - 360		01-Jul-2005
661007366 1					287,433.89			26-Sep-2005		8.150%		CA - 79.90%		Paid Off - 360		01-Jul-2005
661007732 1			213,750.00		213,411.48			30-Sep-2005		9.200%		CA - 74.92%		Paid Off - 360		01-Jul-2005
661007732 1					213,411.48			30-Sep-2005		9.200%		CA - 74.92%		Paid Off - 360		01-Jul-2005
681006618 1			73,000.00		72,838.06			21-Sep-2005		7.550%		ME - 59.26%		Paid Off - 360		01-Jul-2005
681006618 1					72,838.06			21-Sep-2005		7.550%		ME - 59.26%		Paid Off - 360		01-Jul-2005
691004072 2			264,000.00		263,491.50				8.250%		MD - 62.04%		Paid Off - 360		01-Jul-2005
691004072 2					263,491.50				8.250%		MD - 62.04%		Paid Off - 360		01-Jul-2005
711006618 1			100,000.00		99,717.79			30-Sep-2005		7.800%		MA - 59.75%		Paid Off - 360		01-Jun-2005
711006618 1					99,717.79			30-Sep-2005		7.800%		MA - 59.75%		Paid Off - 360		01-Jun-2005
721007350 1			92,950.00		92,710.42				6.790%		AZ - 64.89%		Paid Off - 360		01-Jul-2005
721007350 1					92,710.42				6.790%		AZ - 64.89%		Paid Off - 360		01-Jul-2005
831041807 1			79,500.00		79,412.60			16-Sep-2005		12.250%		CA - 79.93%		Paid Off - 360		01-Jun-2005
831041807 1					79,412.60			16-Sep-2005		12.250%		CA - 79.93%		Paid Off - 360		01-Jun-2005
831041812 1			222,750.00		222,086.33				8.650%		CA - 74.82%		Paid Off - 360		01-May-2005
831041812 1					222,086.33				8.650%		CA - 74.82%		Paid Off - 360		01-May-2005


TOTAL			13,668,100.00		13,541,788.39
TOTAL


Page 22 of 25
Soundview Home Equity Loan Trust 2005-OPT2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT2

October 25, 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 23 of 25
Soundview Home Equity Loan Trust 2005-OPT2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT2

October 25, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
TRIGGER EVENTS
										Group 2		Group 1		Total
						Trigger Event in effect (0=No , 1=Yes)								0
						Stepdown Date has occurred (0 = No, 1=Yes)								0
						Delinquency Percentage								0.181671%
						Ending Balance								1,001,975,904.37
						Credit Enhancement Percentage (For Trigger)								17.1703%
						Credit Enhancement Percentage (For Step Down)								14.8266%
						Cumulative loss percentage								0.00000000%



ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION

SPACE INTENTIONALLY LEFT BLANK




Page 24 of 25
Soundview Home Equity Loan Trust 2005-OPT2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT2

October 25, 2005 Distribution
Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

													NET WAC Shortfall CarryOver		NET WAC Shortfall Paid
CLASS

			A-1										$0.00		$0.00
													$0.00		$0.00
			A-2										$0.00		$0.00
													$0.00		$0.00
			A-3										$0.00		$0.00
													$0.00		$0.00
			A-4										$0.00		$0.00
													$0.00		$0.00
			A-5										$0.00		$0.00
													$0.00		$0.00
			A-6										$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






Page 25 of 25

Soundview Home Loan Trust 2005-OPT2 8-K