8-K 1 sdv01001.txt JULY 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): July 16, 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 July 16, 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 July 16, 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: 7/21/01 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 July 16, 2001 distribution. EX-99.1

Soundview Mortgage Pass-Through Certificates Record Date: 56/3130/01 Distribution Date: 67/1516/01 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) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A 83611PAJ0 SEN 6.26500% 9190,~~195~~103,~~772~~592.8448 ~~476~~470,~~117~~415.9384 1,~~092~~602,~~180~~255.3658 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 1429,~~502~~696.6867 0.00 Totals ~~104~~103,~~657~~565,~~401~~220.0973 ~~820~~830,~~711~~203.2818 1,~~092~~602,~~180~~255.3658

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 9088,~~103~~501,~~592~~336.4891 12,~~568~~072,~~298~~671.2942 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 1429,~~502~~696.6867 0.00 Totals 0.00 ~~103~~101,~~565~~962,~~220~~965.7316 12,~~912~~432,~~891~~458.6476 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 9190,~~195~~103,~~772~~592.8448 0.00 1,~~092~~602,~~180~~255.3658 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 Totals 105,586,628.25 ~~104~~103,~~657~~565,~~401~~220.0973 0.00 1,~~092~~602,~~180~~255.3658 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 1,~~092~~602,~~180~~255.3658 9088,~~103~~501,~~592~~336.4891 0.~~97805799~~96066580 1,~~092~~602,~~180~~255.3658 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 Totals 1,~~092~~602,~~180~~255.3658 ~~103~~101,~~565~~962,~~220~~965.7316 0.~~98085546~~96568066 1,~~092~~602,~~180~~255.3658

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 92,125,000.00 ~~989~~978.~~91340939~~05799164 0.00000000 1117.~~85541775~~39219083 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 1117.~~85541775~~39219083 ~~978~~960.~~05799164~~66580092 0.~~97805799~~96066580 1117.~~85541775~~39219083 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 6.26500% 9190,~~195~~103,~~772~~592.8448 ~~476~~470,~~117~~415.9384 0.00 0.00 IO 0.00 7.00000% 42,933,673.00 250,446.43 0.00 0.00 M_1 6,335,000.00 7.10000% 6,335,000.00 37,482.08 0.00 0.00 M_2 4,223,000.00 7.10000% 4,223,000.00 24,986.08 0.00 0.00 B 2,903,000.00 7.10000% 2,903,000.00 17,176.08 0.00 0.00 BIO 528.25 0.00000% 528.25 0.00 0.00 0.00 R_1 0.00 0.00000% 0.00 0.00 0.00 0.00 R_2 0.00 0.00000% 0.00 0.00 0.00 0.00 R_3 0.00 0.00000% 0.00 0.00 0.00 0.00 P 100.00 0.00000% 0.00 0.00 0.00 0.00 Totals 105,586,628.25 ~~806~~800,~~208~~506.6051 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 ~~476~~470,~~117~~415.9384 0.00 9088,~~103~~501,~~592~~336.4891 IO 0.00 0.00 250,446.43 0.00 4241,~~933~~502,~~673~~551.00 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 1429,~~502~~696.6867 0.00 0.00 Totals 0.00 0.00 ~~820~~830,~~711~~203.2818 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% ~~989~~978.~~91340939~~05799164 5.~~16817292~~10627777 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% 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.~~16817292~~10627777 0.00000000 ~~978~~960.~~05799164~~66580092 IO 0.00000000 0.00000000 5.83333343 0.00000000 ~~1000~~966.~~00000000~~66667676 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 ~~145026~~296966.~~80000000~~70000000 0.00000000 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~~CERTIFICATEHOLDER ~~Component~~ACCOUNT ~~Statement~~STATEMENT ~~Component~~CERTIFICATE ACCOUNT Beginning ~~Ending~~Balance ~~Beginning~~0.00 ~~Ending~~Deposits ~~Ending~~Payments ~~Pass-Through~~of ~~Notional~~Interest ~~Notional~~and ~~Component~~Principal ~~Component~~2,150,050.03 ~~Component~~Liquidations, ~~Class~~Insurance ~~Rate~~Proceeds, ~~Balance~~Reserve ~~Balance~~Funds ~~Balance~~0.00 ~~Balance~~Proceeds ~~Percentage~~from ~~FSA~~Repurchased ~~0.09000%~~Loans 0.00 0Other Amounts (Servicer Advances) 336,107.0065 Realized Losses 0.00 Total Deposits 2,486,157.68 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 53,698.92 Payment of Interest and Principal 2,432,458.76 Total Withdrawals (Pool Distribution Amount) 2,486,157.68 Ending Balance 0.~~00000000%~~00

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 1,656,960.79 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 309,925.48 Realized Losses 0.00 Total Deposits 1,966,886.27 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 53,994.63 Payment of Interest and Principal 1,912,891.64 Total Withdrawals (Pool Distribution Amount) 1,966,886.27 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 43,~~661~~479.9270 Trustee Fee- Wells Fargo Bank 2,~~619~~596.9316 FSA - Policy # 51074-N 6,~~839~~757.6877 Master Serv Fee ~~873~~865.1029 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 53,~~994~~698.6392

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 6963 0 0 0 6963 4,~~059~~045,~~080~~561.5721 0.00 0.00 0.00 4,~~059~~045,~~080~~561.5721 60 Days 39 0 0 0 39 2,~~426~~508,~~703~~291.3117 0.00 0.00 0.00 2,~~426~~508,~~703~~291.3117 90 Days 1144 0 0 0 1144 ~~730~~2,~~956~~504,695.6361 0.00 0.00 0.00 ~~730~~2,~~956~~504,695.6361 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 ~~119~~146 0 0 0 ~~119~~146 79,~~216~~058,~~740~~547.5199 0.00 0.00 0.00 79,~~216~~058,~~740~~547.5199 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 4.~~815073~~455446% 0.000000% 0.000000% 0.000000% 4.~~815073~~455446% 3.~~908123~~950710% 0.000000% 0.000000% 0.000000% 3.~~908123~~950710% 60 Days 2.~~721563~~758133% 0.000000% 0.000000% 0.000000% 2.~~721563~~758133% 2.~~336454~~449482% 0.000000% 0.000000% 0.000000% 2.~~336454~~449482% 90 Days 03.~~767620~~111740% 0.000000% 0.000000% 0.000000% 03.~~767620~~111740% 02.~~703772~~445971% 0.000000% 0.000000% 0.000000% 02.~~703772~~445971% 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 810.~~304257~~325318% 0.000000% 0.000000% 0.000000% 810.~~304257~~325318% 68.~~948350~~846162% 0.000000% 0.000000% 0.000000% 68.~~948350~~846162%

Delinquency Status By Groups

DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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 4041 0 0 0 4041 2,~~045~~472,~~253~~874.9593 0.00 0.00 0.00 2,~~045~~472,~~253~~874.9593 60 Days 22 0 0 0 22 1,~~393~~193,~~251~~292.4534 0.00 0.00 0.00 1,~~393~~193,~~251~~292.4534 90 Days 524 0 0 0 524 ~~351~~1,~~044~~461,186.3257 0.00 0.00 0.00 ~~351~~1,~~044~~461,186.3257 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 6787 0 0 0 6787 35,~~789~~127,~~549~~353.7284 0.00 0.00 0.00 35,~~789~~127,~~549~~353.7284 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 34.~~988036~~137235% 0.000000% 0.000000% 0.000000% 34.~~988036~~137235% 23.~~933166~~594191% 0.000000% 0.000000% 0.000000% 23.~~933166~~594191% 60 Days 2.~~193420~~219980% 0.000000% 0.000000% 0.000000% 2.~~193420~~219980% 1.~~998108~~734386% 0.000000% 0.000000% 0.000000% 1.~~998108~~734386% 90 Days 02.~~498504~~421796% 0.000000% 0.000000% 0.000000% 02.~~498504~~421796% 02.~~503444~~123756% 0.000000% 0.000000% 0.000000% 02.~~503444~~123756% 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.~~679960~~779011% 0.000000% 0.000000% 0.000000% 68.~~679960~~779011% 57.~~434718~~452333% 0.000000% 0.000000% 0.000000% 57.~~434718~~452333% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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 2922 0 0 0 2922 21,~~013~~572,~~826~~686.6228 0.00 0.00 0.00 21,~~013~~572,~~826~~686.6228 60 Days 17 0 0 0 17 1,~~033~~314,~~451~~998.8683 0.00 0.00 0.00 1,~~033~~314,~~451~~998.8683 90 Days 620 0 0 0 620 ~~379~~1,~~912~~043,509.3104 0.00 0.00 0.00 ~~379~~1,~~912~~043,509.3104 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 5259 0 0 0 5259 3,~~427~~931,~~190~~194.7915 0.00 0.00 0.00 3,~~427~~931,~~190~~194.7915 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 65.~~744186~~200946% 0.000000% 0.000000% 0.000000% 65.~~744186~~200946% 54.~~899748~~680770% 0.000000% 0.000000% 0.000000% 54.~~899748~~680770% 60 Days 34.~~953488~~018913% 0.000000% 0.000000% 0.000000% 34.~~953488~~018913% 3.~~027622~~913817% 0.000000% 0.000000% 0.000000% 3.~~027622~~913817% 90 Days 14.~~395349~~728132% 0.000000% 0.000000% 0.000000% 14.~~395349~~728132% 13.~~112999~~105785% 0.000000% 0.000000% 0.000000% 13.~~112999~~105785% 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 1213.~~093023~~947991% 0.000000% 0.000000% 0.000000% 1213.~~093023~~947991% 1011.~~040368~~700373% 0.000000% 0.000000% 0.000000% 1011.~~040368~~700373% (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 ~~309~~336,~~925~~107.4865

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 11.~~450458~~439520% Weighted Average Net Coupon 10.~~940460~~929521% Weighted Average Pass-Through Rate 10.~~910457~~899518% Weighted Average Maturity(Stepdown Calculation ) ~~358~~357 Beginning Scheduled Collateral Loan Count 1,~~448~~433 Number Of Loans Paid In Full 1519 Ending Scheduled Collateral Loan Count 1,~~433~~414 Beginning Scheduled Collateral Balance ~~104~~103,~~788~~836,~~815~~332.8522 Ending Scheduled Collateral Balance ~~103~~102,~~836~~369,~~332~~736.2218 Ending Actual Collateral Balance at 3130-~~May~~Jun-2001 ~~103~~102,~~862~~400,~~654~~877.2014 Monthly P &I Constant 1,~~105~~110,~~712~~188.0268 Ending Scheduled Balance for Premium Loans ~~103~~102,~~836~~369,~~332~~736.2218 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount ~~139~~135,~~696~~659.7362 Overcollateralized reduction Amount 0.00 Specified O/C Amount 2,322,892.00 Overcollateralized Amount ~~271~~406,~~111~~771.4811 Overcollateralized Deficiency Amount 2,~~191~~051,~~477~~780.2551 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount ~~139~~135,~~696~~659.7362

Cumulative Loss Event Occurred NO Delinquency Event Occurred NO Curtailments $59,~~496~~635.8560

Group Level Collateral Statement Group 1 2 Total Collateral Description Fixed 15/30 & AARM Fixed 15/30 & AARM Mixed Fixed & AArm Weighted Average Coupon Rate 11.~~704010~~503913 1112.~~467475~~382598 11.~~450458~~439520 Weighted Average Net Rate 1110.~~154011~~950219 1011.~~917475~~832597 10.~~940460~~929521 Weighted Average Maturity 0 0 ~~358~~357 Beginning Loan Count 1,~~014~~003 ~~434~~430 1,~~448~~433 Loans Paid In Full 1112 47 1519 Ending Loan Count ~~1,003~~991 ~~430~~423 1,~~433~~414 Beginning Scheduled Balance 7069,~~467~~708,~~115~~082.8089 34,~~321~~128,~~700~~249.0533 ~~104~~103,~~788~~836,~~815~~332.8522 Ending scheduled Balance 6968,~~708~~777,~~082~~447.8917 3433,~~128~~592,~~249~~289.3301 ~~103~~102,~~836~~369,~~332~~736.2218 Record Date 0506/3130/2001 0506/3130/2001 0506/3130/2001 Principal And Interest Constant ~~765~~745,~~036~~299.4149 ~~340~~364,~~675~~889.6119 1,~~105~~110,~~712~~188.0268 Scheduled Principal 77,~~746~~036.5538 12,~~689~~725.5754 9089,~~436~~761.1292 Unscheduled Principal ~~681~~853,~~286~~599.3634 ~~180~~523,~~761~~234.1578 ~~862~~1,~~047~~376,834.5112 Scheduled Interest ~~687~~668,~~289~~263.8611 ~~327~~352,~~986~~163.0465 1,~~015~~020,~~275~~426.9076 Servicing Fees 29,~~948~~840.5256 14,~~586~~504.7152 44,~~535~~345.2308 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 1,~~761~~742.6769 ~~858~~853.0621 2,~~619~~595.7390 FRY Amount 0580.0088 0284.0041 0865.0029 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 ~~654~~636,~~992~~098.4698 ~~312~~336,~~255~~521.2451 ~~967~~972,~~247~~620.7049 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