8-K 1 sdv01001.txt JUNE 8-K 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 15, 2001 SOUNDVIEW HOME EQUITY LOAN TRUST Home Equity Loan Asset-Backed Certs., Series 2001-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-84929-07 Pooling and Servicing Agreement) (Commission (State or other File Number) 52-2316396 jurisdiction 52-2316397 of Incorporation) 52-2316398 IRS EIN c/o Wells Fargo Bank Minnesota, N.A. 11000 Broken Land Parkway Columbia, MD 21044 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 Former name or former address, if changed since last report) ITEM 5. Other Events On June 15, 2001 a distribution was made to holders of SOUNDVIEW HOME EQUITY LOAN TRUST, Home Equity Loan Asset-Backed Certs., Series 2001-1 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Home Equity Loan Asset-Backed Certs., Series 2001-1 Trust, relating to the June 15, 2001 distribution. 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. SOUNDVIEW HOME EQUITY LOAN TRUST Home Equity Loan Asset-Backed Certs., Series 2001-1 Trust By: Wells Fargo Bank Minnesota, N.A. as Trustee By: /s/ Sherri Sharps, Vice President By: Sherri Sharps, Vice President Date: 6/18/01 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Home Equity Loan Asset-Backed Certs., Series 2001-1 Trust, relating to the June 15, 2001 distribution. EX-99.1

Soundview Mortgage Pass-Through Certificates Record Date: 45/3031/01 Distribution Date: 56/15/01 SDV Series: 2001-1 Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) ~~846~~815-~~8152~~6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A 83611PAJ0 SEN 6.26500% 9291,~~125~~195,~~000~~772.0084 ~~480~~476,~~969~~117.2793 ~~929~~1,~~227~~092,180.1636 IO 83611PAK7 SEN 7.00000% 0.00 250,446.43 0.00 M_1 83611PAL5 MEZ 7.10000% 6,335,000.00 37,482.08 0.00 M_2 83611PAM3 MEZ 7.10000% 4,223,000.00 24,986.08 0.00 B 83611PAN1 JUN 7.10000% 2,903,000.00 17,176.08 0.00 BIO SDV011BIO JUN 0.00000% 528.25 0.00 0.00 R_1 SDV0101R1 SEN 0.00000% 0.00 0.00 0.00 R_2 SDV0101R2 SEN 0.00000% 0.00 0.00 0.00 R_3 SDV0101R3 SEN 0.00000% 0.00 0.00 0.00 P SDV01001P JUN 0.00000% 100.00 1514,~~615~~502.5268 0.00 Totals ~~105~~104,~~586~~657,~~628~~401.2509 ~~826~~820,~~675~~711.4628 ~~929~~1,~~227~~092,180.1636

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 9190,~~195~~103,~~772~~592.8448 1,~~410~~568,~~196~~298.4329 0.00 IO 0.00 0.00 250,446.43 0.00 M_1 0.00 6,335,000.00 37,482.08 0.00 M_2 0.00 4,223,000.00 24,986.08 0.00 B 0.00 2,903,000.00 17,176.08 0.00 BIO 0.00 528.25 0.00 0.00 R_1 0.00 0.00 0.00 0.00 R_2 0.00 0.00 0.00 0.00 R_3 0.00 0.00 0.00 0.00 P 0.00 100.00 1514,~~615~~502.5268 0.00 Totals 0.00 ~~104~~103,~~657~~565,~~401~~220.0973 1,~~755~~912,~~902~~891.6264 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A 92,125,000.00 9291,~~125~~195,~~000~~772.0084 0.00 ~~929~~1,~~227~~092,180.1636 0.00 0.00 IO 0.00 0.00 0.00 0.00 0.00 0.00 M_1 6,335,000.00 6,335,000.00 0.00 0.00 0.00 0.00 M_2 4,223,000.00 4,223,000.00 0.00 0.00 0.00 0.00 B 2,903,000.00 2,903,000.00 0.00 0.00 0.00 0.00 BIO 528.25 528.25 0.00 0.00 0.00 0.00 R_1 0.00 0.00 0.00 0.00 0.00 0.00 R_2 0.00 0.00 0.00 0.00 0.00 0.00 R_3 0.00 0.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 ~~100.00 100.00 0.00 0.00 0.00 0.00~~ Totals 105,586,~~728~~628.25 ~~105~~104,~~586~~657,~~728~~401.2509 0.00 ~~929~~1,~~227~~092,180.1636 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A ~~929~~1,~~227~~092,180.1636 9190,~~195~~103,~~772~~592.8448 0.~~98991341~~97805799 ~~929~~1,~~227~~092,180.1636 IO 0.00 0.00 0.00000000 0.00 M_1 0.00 6,335,000.00 1.00000000 0.00 M_2 0.00 4,223,000.00 1.00000000 0.00 B 0.00 2,903,000.00 1.00000000 0.00 BIO 0.00 528.25 1.00000000 0.00 R_1 0.00 0.00 0.00000000 0.00 R_2 0.00 0.00 0.00000000 0.00 R_3 0.00 0.00 0.00000000 0.00 P 0.00 100.00 1.00000000 0.00 ~~P 0.00 100.00 1.00000000 0.00~~ Totals ~~929~~1,~~227~~092,180.1636 ~~104~~103,~~657~~565,~~501~~220.0973 0.~~99119939~~98085546 ~~929~~1,~~227~~092,180.1636

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 92,125,000.00 ~~1000~~989.~~00000000~~91340939 0.00000000 1011.~~08659061~~85541775 0.00000000 IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M_1 6,335,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M_2 4,223,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 2,903,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 BIO 528.25 1000.00000000 0.00000000 0.00000000 0.00000000 R_1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R_2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R_3 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are per $1,000 denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A 0.00000000 1011.~~08659061~~85541775 ~~989~~978.~~91340939~~05799164 0.~~98991341~~97805799 1011.~~08659061~~85541775 IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M_1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M_2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 BIO 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 R_1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R_2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R_3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A 92,125,000.00 6.2726500% 9291,~~125~~195,~~000~~772.0084 ~~480~~476,~~969~~117.2793 0.00 0.00 IO 0.00 7.0000000% 42,933,673.00 250,446.43 0.00 0.00 M_1 6,335,000.00 7.1010000% 6,335,000.00 37,482.08 0.00 0.00 M_2 4,223,000.00 7.1010000% 4,223,000.00 24,986.08 0.00 0.00 B 2,903,000.00 7.1010000% 2,903,000.00 17,176.08 0.00 0.00 BIO 528.25 0.0000000% 528.25 0.00 0.00 0.00 R_1 0.00 0.0000000% 0.00 0.00 0.00 0.00 R_2 0.00 0.0000000% 0.00 0.00 0.00 0.00 R_3 0.00 0.0000000% 0.00 0.00 0.00 0.00 P 100.00 0.0000000% ~~100~~0.00 0.00 0.00 0.00 Totals 105,586,628.25 ~~811~~806,~~059~~208.9460 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A 0.00 0.00 ~~480~~476,~~969~~117.2793 0.00 9190,~~195~~103,~~772~~592.8448 IO 0.00 0.00 250,446.43 0.00 42,933,673.00 M_1 0.00 0.00 37,482.08 0.00 6,335,000.00 M_2 0.00 0.00 24,986.08 0.00 4,223,000.00 B 0.00 0.00 17,176.08 0.00 2,903,000.00 BIO 0.00 0.00 0.00 0.00 528.25 R_1 0.00 0.00 0.00 0.00 0.00 R_2 0.00 0.00 0.00 0.00 0.00 R_3 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 1514,~~615~~502.5268 0.00 ~~100~~0.00 Totals 0.00 0.00 ~~826~~820,~~675~~711.4628 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A 92,125,000.00 6.26500% ~~1000~~989.~~00000000~~91340939 5.~~22083332~~16817292 0.00000000 0.00000000 IO 0.00 7.00000% 1000.00000000 5.83333343 0.00000000 0.00000000 M_1 6,335,000.00 7.10000% 1000.00000000 5.91666614 0.00000000 0.00000000 M_2 4,223,000.00 7.10000% 1000.00000000 5.91666588 0.00000000 0.00000000 B 2,903,000.00 7.10000% 1000.00000000 5.91666552 0.00000000 0.00000000 BIO 528.25 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R_1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R_2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R_3 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% ~~1000~~0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1,000 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A 0.00000000 0.00000000 5.~~22083332~~16817292 0.00000000 ~~989~~978.~~91340939~~05799164 IO 0.00000000 0.00000000 5.83333343 0.00000000 1000.00000000 M_1 0.00000000 0.00000000 5.91666614 0.00000000 1000.00000000 M_2 0.00000000 0.00000000 5.91666588 0.00000000 1000.00000000 B 0.00000000 0.00000000 5.91666552 0.00000000 1000.00000000 BIO 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 R_1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R_2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R_3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 ~~156155~~145026.~~20000000~~80000000 0.00000000 ~~1000~~0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Certificateholder Component Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage ~~OC 0.00000% 0.00 0.00 0.00 131,414.76 0.00000000%~~ FSA 0.09000% 0.00 0.00 0.00 0.00 0.00000000%

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 1,~~526~~656,~~137~~960.0479 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~284~~309,~~188~~925.9548 Realized Losses 0.00 Total Deposits 1,~~810~~966,~~325~~886.9927 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 5453,~~423~~994.3763 Payment of Interest and Principal 1,~~755~~912,~~902~~891.6264 Total Withdrawals (Pool Distribution Amount) 1,~~810~~966,~~325~~886.9927 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 43,~~994~~661.4392 Trustee Fee- Wells Fargo Bank 2,~~639~~619.6793 FSA - Policy # 51074-N 6,~~909~~839.3868 Master Serv Fee ~~879~~873.8910 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 5453,~~423~~994.3763

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 8069 0 0 0 8069 54,~~034~~059,~~339~~080.4457 0.00 0.00 0.00 54,~~034~~059,~~339~~080.4457 60 Days 1939 0 0 0 1939 12,~~185~~426,~~342~~703.1131 0.00 0.00 0.00 12,~~185~~426,~~342~~703.1131 90 Days 111 0 0 0 111 59730,~~929~~956.9963 0.00 0.00 0.00 59730,~~929~~956.9963 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals ~~100~~119 0 0 0 ~~100~~119 67,~~279~~216,~~611~~740.5451 0.00 0.00 0.00 67,~~279~~216,~~611~~740.5451 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 54.~~524862~~815073% 0.000000% 0.000000% 0.000000% 54.~~524862~~815073% 43.~~803328~~908123% 0.000000% 0.000000% 0.000000% 43.~~803328~~908123% 60 Days 12.~~312155~~721563% 0.000000% 0.000000% 0.000000% 12.~~312155~~721563% 12.~~130950~~336454% 0.000000% 0.000000% 0.000000% 12.~~130950~~336454% 90 Days 0.~~069061~~767620% 0.000000% 0.000000% 0.000000% 0.~~069061~~767620% 0.~~057180~~703772% 0.000000% 0.000000% 0.000000% 0.~~057180~~703772% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 68.~~906077~~304257% 0.000000% 0.000000% 0.000000% 68.~~906077~~304257% 56.~~991458~~948350% 0.000000% 0.000000% 0.000000% 56.~~991458~~948350%

Delinquency Status By Groups

DELINQUENT BANKRUPTCY FORECLOSURE REO Total ~~Group~~ 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 4940 0 0 0 4940 32,~~067~~045,~~436~~253.6695 0.00 0.00 0.00 32,~~067~~045,~~436~~253.6695 60 Days 1122 0 0 0 1122 ~~635~~1,~~156~~393,251.9345 0.00 0.00 0.00 ~~635~~1,~~156~~393,251.9345 90 Days 05 0 0 0 05 0351,044.0032 0.00 0.00 0.00 0351,044.0032 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 6067 0 0 0 6067 3,~~702~~789,~~593~~549.5972 0.00 0.00 0.00 3,~~702~~789,~~593~~549.5972 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 43.~~832347~~988036% 0.000000% 0.000000% 0.000000% 43.~~832347~~988036% 42.~~351983~~933166% 0.000000% 0.000000% 0.000000% 42.~~351983~~933166% 60 Days 12.~~084813~~193420% 0.000000% 0.000000% 0.000000% 12.~~084813~~193420% 01.~~901141~~998108% 0.000000% 0.000000% 0.000000% 01.~~901141~~998108% 90 Days 0.~~000000~~498504% 0.000000% 0.000000% 0.000000% 0.~~000000~~498504% 0.~~000000~~503444% 0.000000% 0.000000% 0.000000% 0.~~000000~~503444% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 56.~~917160~~679960% 0.000000% 0.000000% 0.000000% 56.~~917160~~679960% 5.~~253123~~434718% 0.000000% 0.000000% 0.000000% 5.~~253123~~434718% DELINQUENT BANKRUPTCY FORECLOSURE REO Total ~~Group~~ 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 3129 0 0 0 3129 12,~~966~~013,~~902~~826.7862 0.00 0.00 0.00 12,~~966~~013,~~902~~826.7862 60 Days 817 0 0 0 817 ~~550~~1,~~185~~033,451.1886 0.00 0.00 0.00 ~~550~~1,~~185~~033,451.1886 90 Days 16 0 0 0 16 59379,~~929~~912.9931 0.00 0.00 0.00 59379,~~929~~912.9931 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 4052 0 0 0 4052 23,~~577~~427,~~017~~190.9579 0.00 0.00 0.00 23,~~577~~427,~~017~~190.9579 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 76.~~142857~~744186% 0.000000% 0.000000% 0.000000% 76.~~142857~~744186% 5.~~730109~~899748% 0.000000% 0.000000% 0.000000% 5.~~730109~~899748% 60 Days 13.~~843318~~953488% 0.000000% 0.000000% 0.000000% 13.~~843318~~953488% 13.~~602835~~027622% 0.000000% 0.000000% 0.000000% 13.~~602835~~027622% 90 Days 01.~~230415~~395349% 0.000000% 0.000000% 0.000000% 01.~~230415~~395349% 01.~~174592~~112999% 0.000000% 0.000000% 0.000000% 01.~~174592~~112999% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 912.~~216590~~093023% 0.000000% 0.000000% 0.000000% 912.~~216590~~093023% 710.~~507537~~040368% 0.000000% 0.000000% 0.000000% 710.~~507537~~040368% (7) The 120 day category for delinquent, bankruptcy, foreclosure, and REO contains loans that are 120 days or more delinquent.

OTHER INFORMATION Current Period Realized Loss - Includes Interest Shortfall 0.00 Cumulative Realized Losses - Includes Interest Shortfall 0.00 Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~284~~309,~~188~~925.9548

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 11.~~329821~~450458% Weighted Average Net Coupon 10.~~825206~~940460% Weighted Average Pass-Through Rate 10.~~795205~~910457% Weighted Average Maturity(Stepdown Calculation ) ~~359~~358 Beginning Scheduled Collateral Loan Count 1,~~456~~448 Number Of Loans Paid In Full 815 Ending Scheduled Collateral Loan Count 1,~~448~~433 Beginning Scheduled Collateral Balance ~~105~~104,~~586~~788,~~728~~815.2585 Ending Scheduled Collateral Balance ~~104~~103,~~788~~836,~~815~~332.8522 Ending Actual Collateral Balance at 3031-~~Apr~~May-2001 ~~104~~103,~~809~~862,~~404~~654.3920 Monthly P &I Constant 1,~~101~~105,~~442~~712.3202 Ending Scheduled Balance for Premium Loans ~~104~~103,~~788~~836,~~815~~332.8522 ~~Scheduled Principal 88,928.78 Unscheduled Principal 708,883.62~~ Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount ~~131~~139,~~414~~696.7673 Overcollateralized reduction Amount 0.00 Specified O/C Amount 2,322,892.00 Overcollateralized Amount ~~131~~271,~~414~~111.7648 Overcollateralized Deficiency Amount 2,~~322~~191,~~892~~477.0025 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount ~~131~~139,~~414~~696.7673

Cumulative Loss Event Occurred NoNO Delinquency Event Occurred NoNO Curtailments $145,~~085~~496.9485

Group Level Collateral Statement Group ID 1 2 Total Collateral Description Fixed 15/30 & ~~ARM~~A Fixed 15/30 & ~~ARM~~A Mixed Fixed & A Weighted Average Coupon Rate 11.~~561886~~704010 11.~~394336~~467475 11.450458 Weighted Average Net Rate 11.~~021887~~154011 10.~~854336~~917475 10.940460 Weighted Average Maturity 0~~.00~~ 0~~.00~~ 358 Beginning Loan Count 1,~~021~~014 ~~435~~434 1,~~456~~448 Loans Paid In Full 711 14 815 Ending Loan Count 1,~~014~~003 ~~434~~430 1,~~448~~433 Beginning Scheduled Balance 7170,~~183~~467,~~194~~115.4380 34,~~403~~321,~~433~~700.8205 ~~105~~104,~~586~~788,~~628~~815.2585 Ending scheduled Balance 7069,~~467~~708,~~115~~082.8089 34,~~321~~128,~~700~~249.0533 ~~104~~103,~~788~~836,~~815~~332.8522 Record Date 405/3031/012001 405/3031/012001 05/31/2001 Principal And Interest Constant ~~762~~765,~~430~~036.0641 ~~339~~340,~~012~~675.2661 1,~~101~~105,~~442~~712.3202 Scheduled Principal 7677,~~586~~746.7555 12,~~342~~689.0357 8890,~~928~~436.7812 Unscheduled Principal ~~639~~681,~~491~~286.8836 69180,~~391~~761.7415 ~~708~~862,~~883~~047.6251 Scheduled Interest ~~685~~687,~~843~~289.3186 ~~326~~327,~~670~~986.2304 1,~~012~~015,~~513~~275.5490 Servicing Fees 29,~~659~~948.6652 14,~~334~~586.7671 4344,~~994~~535.4223 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 1,~~779~~761.5567 ~~860~~858.0906 2,~~639~~619.6473 FRY Amount ~~593~~0.1900 ~~286~~0.6900 ~~879~~0.8800 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest ~~653~~654,~~810~~992.9146 ~~311~~312,~~188~~255.6924 ~~964~~967,~~999~~247.6070 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00

Filing Compare · FINANCIAL ASSET SE CP SOUNDVIEW HM EQ LN AS BK CER SE 2001-1