8-K 1 sdv01001.txt OCTOBER 8K 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 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 October 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 October 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/ Beth Belfield, Officer By: Beth Belfield, Officer Date: 10/15/01 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 October 15, 2001 distribution. EX-99.1

Soundview Mortgage Pass-Through Certificates Record Date: 89/3130/01 Distribution Date: 910/1715/01 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% 8683,~~396~~723,~~299~~633.3677 ~~451~~437,~~060~~107.6814 2,~~672~~446,~~665~~580.5956 IO 83611PAK7 SEN 7.00000% 0.00 242,098.21 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 6052,~~631~~669.5972 0.00 Totals 9997,~~857~~185,~~927~~262.6102 ~~833~~811,~~434~~519.7231 2,~~672~~446,~~665~~580.5956

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 8381,~~723~~277,~~633~~053.7721 32,~~123~~883,~~726~~687.2770 0.00 IO 0.00 0.00 242,098.21 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 6052,~~631~~669.5972 0.00 Totals 0.00 9794,~~185~~738,~~262~~681.0246 3,~~506~~258,~~100~~099.3187 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 8683,~~396~~723,~~299~~633.3677 0.00 2,~~672~~446,~~665~~580.5956 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 9997,~~857~~185,~~927~~262.6102 0.00 2,~~672~~446,~~665~~580.5956 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 2,~~672~~446,~~665~~580.5956 8381,~~723~~277,~~633~~053.7721 0.~~90880471~~88224752 2,~~672~~446,~~665~~580.5956 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 2,~~672~~446,~~665~~580.5956 9794,~~185~~738,~~262~~681.0246 0.~~92043153~~89726022 2,~~672~~446,~~665~~580.5956

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 92,125,000.00 ~~937~~908.~~81600391~~80470849 0.00000000 2926.~~01129541~~55718383 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 2926.~~01129541~~55718383 ~~908~~882.~~80470849~~24752467 0.~~90880471~~88224752 2926.~~01129541~~55718383 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% 8683,~~396~~723,~~299~~633.3677 ~~451~~437,~~060~~107.6814 0.00 0.00 IO 0.00 7.00000% 41,502,551.00 242,098.21 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 ~~772~~758,~~803~~849.1359 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 ~~451~~437,~~060~~107.6814 0.00 8381,~~723~~277,~~633~~053.7721 IO 0.00 0.00 242,098.21 0.00 4140,~~502~~071,~~551~~429.00 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 6052,~~631~~669.5972 0.00 0.00 Totals 0.00 0.00 ~~833~~811,~~434~~519.7231 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% ~~937~~908.~~81600391~~80470849 4.~~89618106~~74471794 0.00000000 0.00000000 IO 0.00 7.00000% 966.66667676 5.63888885 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 4.~~89618106~~74471794 0.00000000 ~~908~~882.~~80470849~~24752467 IO 0.00000000 0.00000000 5.63888885 0.00000000 ~~966~~933.~~66667676~~33335352 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 ~~606315~~526697.~~90000000~~20000000 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 ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 3,~~220~~139,~~561~~466.6531 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~337~~116,~~200~~281.3069 Realized Losses 0.00 Prepayment Penalties 52,669.72 Total Deposits 3,~~557~~308,~~761~~417.9572 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 5150,~~661~~317.6485 Payment of Interest and Principal 3,~~506~~258,~~100~~099.3187 Total Withdrawals (Pool Distribution Amount) 3,~~557~~308,~~761~~417.9572 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 4140,~~835~~776.0745 ~~Trustee Fee- Wells Fargo Bank 2,510.11~~ FSA - Policy # 51074-N 6,~~479~~279.7227 Master Serv Fee ~~836~~815.7453 Special Servicing Fee 0.00 Trustee Fee- Wells Fargo Bank 2,446.60 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 5150,~~661~~317.6485

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 7492 0 0 0 7492 5,~~177~~544,~~755~~678.0229 0.00 0.00 0.00 5,~~177~~544,~~755~~678.0229 60 Days 1614 0 0 0 1614 1935,~~128,243~~553.8313 0.00 0.00 0.00 1935,~~128,243~~553.8313 90 Days 5 15 084 04 0108 ~~15 883~~153,~~710~~805.5400 01,133,515.0018 05,175,046.0032 0193,020.0010 ~~883~~6,~~710~~655,386.5460 120 Days 220 0 0 0 220 ~~1,406,045~~0.4000 0.00 0.00 0.00 ~~1,406,045~~0.4000 150 Days 280 0 0 0 280 ~~1,446,343~~0.4500 0.00 0.00 0.00 ~~1,446,343~~0.4500 180+ Days 90 0 0 0 90 ~~569,057~~0.0300 0.00 0.00 0.00 ~~569,057~~0.0300 Totals ~~164~~111 015 084 04 ~~164~~214 106,~~611~~634,~~155~~036.2742 01,133,515.0018 05,175,046.0032 0193,020.00 10 13,~~611~~135,~~155~~618.2702 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 56.~~461255~~938160% 0.000000% 0.000000% 0.000000% 56.~~461255~~938160% 5.~~288990~~800951% 0.000000% 0.000000% 0.000000% 5.~~288990~~800951% 60 Days 1.~~180812~~055807% 0.000000% 0.000000% 0.000000% 1.~~180812~~055807% 10.~~152482~~978794% 0.000000% 0.000000% 0.000000% 10.~~152482~~978794% 90 Days 10.~~107011~~377074% 01.~~000000~~131222% 06.~~000000~~334842% 0.~~000000~~301659% 18.~~107011~~144796% 0.~~902696~~160914% 01.~~000000~~185906% 05.~~000000~~414235% 0.~~000000~~201941% 06.~~902696~~962996% 120 Days 10.~~623616~~000000% 0.000000% 0.000000% 0.000000% 10.~~623616~~000000% 10.~~436252~~000000% 0.000000% 0.000000% 0.000000% 10.~~436252~~000000% 150 Days 20.~~066421~~000000% 0.000000% 0.000000% 0.000000% 20.~~066421~~000000% 10.~~477416~~000000% 0.000000% 0.000000% 0.000000% 10.~~477416~~000000% 180+ Days 0.~~664207~~000000% 0.000000% 0.000000% 0.000000% 0.~~664207~~000000% 0.~~581282~~000000% 0.000000% 0.000000% 0.000000% 0.~~581282~~000000% Totals 128.~~103321~~371041% 01.~~000000~~131222% 06.~~000000~~334842% 0.~~000000~~301659% 1216.~~103321~~138763% 106.~~839118~~940659% 01.~~000000~~185906% 05.~~000000~~414235% 0.~~000000~~201941% 1013.~~839118~~742741%

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 4192 0 0 0 4192 25,~~797~~544,~~982~~678.6329 0.00 0.00 0.00 25,~~797~~544,~~982~~678.6329 60 Days 714 0 0 0 714 ~~306~~935,~~544~~553.3213 0.00 0.00 0.00 ~~306~~935,~~544~~553.3213 90 Days 85 015 084 04 8108 ~~436~~153,~~096~~805.6100 01,133,515.0018 05,175,046.0032 0193,020.0010 ~~436~~6,~~096~~655,386.6160 120 Days 130 0 0 0 130 ~~813,318~~0.2900 0.00 0.00 0.00 ~~813,318~~0.2900 150 Days 160 0 0 0 160 ~~729,082~~0.4700 0.00 0.00 0.00 ~~729,082~~0.4700 180 Days 40 0 0 0 40 ~~335,194~~0.4900 0.00 0.00 0.00 ~~335,194~~0.4900 Totals 89111 015 084 04 89214 56,~~418~~634,~~218~~036.8142 01,133,515.0018 05,175,046.0032 0193,020.0010 513,~~418~~135,~~218~~618.8102 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 49.~~306723~~881847% 0.000000% 0.000000% 0.000000% 49.~~306723~~881847% 48.~~235678~~588496% 0.000000% 0.000000% 0.000000% 48.~~235678~~588496% 60 Days 01.~~735294~~503759% 0.000000% 0.000000% 0.000000% 01.~~735294~~503759% 01.~~464057~~449136% 0.000000% 0.000000% 0.000000% 01.~~464057~~449136% 90 Days 0.~~840336~~537057% 01.~~000000~~611171% 09.~~000000~~022556% 0.~~000000~~429646% 011.~~840336~~600430% 0.~~660177~~238238% 01.~~000000~~755772% 08.~~000000~~015950% 0.~~000000~~298981% 010.~~660177~~308941% 120 Days 10.~~365546~~000000% 0.000000% 0.000000% 0.000000% 10.~~365546~~000000% 10.~~231228~~000000% 0.000000% 0.000000% 0.000000% 10.~~231228~~000000% 150 Days 10.~~680672~~000000% 0.000000% 0.000000% 0.000000% 10.~~680672~~000000% 10.~~103709~~000000% 0.000000% 0.000000% 0.000000% 10.~~103709~~000000% 180 Days 0.~~420168~~000000% 0.000000% 0.000000% 0.000000% 0.~~420168~~000000% 0.~~507428~~000000% 0.000000% 0.000000% 0.000000% 0.~~507428~~000000% Totals 911.~~348739~~922664% 01.~~000000~~611171% 09.~~000000~~022556% 0.~~000000~~429646% 922.~~348739~~986037% 810.~~202277~~275871% 01.~~000000~~755772% 08.~~000000~~015950% 0.~~000000~~298981% 820.~~202277~~346574% 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 330 0 0 0 330 ~~2,379,772~~0.3900 0.00 0.00 0.00 ~~2,379,772~~0.3900 60 Days 90 0 0 0 90 ~~821,699~~0.5100 0.00 0.00 0.00 ~~821,699~~0.5100 90 Days 70 0 0 0 70 ~~447,613~~0.9300 0.00 0.00 0.00 ~~447,613~~0.9300 120 Days 90 0 0 0 90 ~~592,727~~0.1100 0.00 0.00 0.00 ~~592,727~~0.1100 150 Days 120 0 0 0 120 ~~717,260~~0.9800 0.00 0.00 0.00 ~~717,260~~0.9800 180 Days 50 0 0 0 50 ~~233,862~~0.5400 0.00 0.00 0.00 ~~233,862~~0.5400 Totals 750 0 0 0 750 ~~5,192,936~~0.4600 0.00 0.00 0.00 ~~5,192,936~~0.4600 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 80.~~188586~~000000% 0.000000% 0.000000% 0.000000% 80.~~188586~~000000% 70.~~474311~~000000% 0.000000% 0.000000% 0.000000% 70.~~474311~~000000% 60 Days 20.~~233251~~000000% 0.000000% 0.000000% 0.000000% 20.~~233251~~000000% 20.~~580767~~000000% 0.000000% 0.000000% 0.000000% 20.~~580767~~000000% 90 Days 10.~~736973~~000000% 0.000000% 0.000000% 0.000000% 10.~~736973~~000000% 10.~~405851~~000000% 0.000000% 0.000000% 0.000000% 10.~~405851~~000000% 120 Days 20.~~233251~~000000% 0.000000% 0.000000% 0.000000% 20.~~233251~~000000% 10.~~861618~~000000% 0.000000% 0.000000% 0.000000% 10.~~861618~~000000% 150 Days 20.~~977667~~000000% 0.000000% 0.000000% 0.000000% 20.~~977667~~000000% 20.~~252750~~000000% 0.000000% 0.000000% 0.000000% 20.~~252750~~000000% 180 Days 10.~~240695~~000000% 0.000000% 0.000000% 0.000000% 10.~~240695~~000000% 0.~~734508~~000000% 0.000000% 0.000000% 0.000000% 0.~~734508~~000000% Totals 180.~~610422~~000000% 0.000000% 0.000000% 0.000000% 180.~~610422~~000000% 160.~~309804~~000000% 0.000000% 0.000000% 0.000000% 160.~~309804~~000000%

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 0116,281.0069

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 11.~~438015~~432119% Weighted Average Net Coupon 10.~~928014~~922117% Weighted Average Pass-Through Rate 10.~~898014~~892118% Weighted Average Maturity(Stepdown Calculation ) ~~355~~354 Beginning Scheduled Collateral Loan Count 1,~~386~~355 Number Of Loans Paid In Full 3129 Ending Scheduled Collateral Loan Count 1,~~355~~326 Beginning Scheduled Collateral Balance ~~100~~97,~~404~~863,~~142~~818.1114 Ending Scheduled Collateral Balance 9795,~~863~~540,~~818~~395.1453 Ending Actual Collateral Balance at 3130-~~Aug~~Sep-2001 9795,~~896~~582,~~854~~228.8259 Monthly P &I Constant 1,~~105~~072,~~856~~094.7579 Special Servicing Fee 0.00 Prepayment Penalties 52,669.72 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 9795,~~863~~540,~~818~~395.1453 Scheduled Principal 87,099.37 Unscheduled Principal 2,236,323.24

Cumulative Loss Event Occurred NO Delinquency Event Occurred NO Curtailments $142,~~406~~159.9087

Miscellaneous Reporting Excess Cash Amount ~~132~~123,~~341~~157.6295 Required Overcollateralization Amount 2,322,892.00 Subordination Amount ~~678~~801,~~556~~714.4037 Subordination Deficiency Amount 1,~~776~~644,~~677~~335.2288 Subordination Increase Amount ~~132~~123,~~341~~157.6295

Group Level Collateral Statement Group 1 2 Total Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 11.~~795040~~730762 12.~~904620~~798166 11.~~438015~~432119 Weighted Average Net Rate 11.~~255040~~220761 12.~~364621~~288163 10.~~928014~~922117 Weighted Average Maturity 0(1) 0(1) ~~355~~354 Beginning Loan Count ~~970~~952 ~~416~~403 1,~~386~~355 Loans Paid In Full 1821 138 3129 Ending Loan Count ~~952~~931 ~~403~~395 1,~~355~~326 Beginning Scheduled Balance 6766,~~369~~032,~~442~~069.0344 3331,~~034~~831,~~700~~748.0870 ~~100~~97,~~404~~863,~~142~~818.1114 Ending ~~scheduled~~Scheduled Balance 6664,~~032~~527,~~069~~039.4459 31,~~831~~013,~~748~~355.7094 9795,~~863~~540,~~818~~395.1453 Record Date 0809/3130/2001 0809/3130/2001 0809/3130/2001 Principal And Interest Constant ~~737~~720,~~931~~176.1470 ~~367~~351,~~925~~918.6109 1,~~105~~072,~~856~~094.7579 Scheduled Principal 7574,~~743~~671.4227 12,~~675~~428.3910 8887,~~418~~099.8137 Unscheduled Principal 1,~~261~~430,~~629~~358.1758 1805,~~190,275~~964.9966 2,~~451~~236,~~905~~323.1624 Scheduled Interest ~~662~~645,~~187~~505.7243 ~~355~~339,~~250~~489.2299 1984,~~017,437~~995.9442 Servicing Fees 28,~~632~~063.0072 1413,~~039~~528.7556 4241,~~671~~592.7528 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 1,~~684~~650.2582 ~~825~~795.8678 2,~~510~~446.1160 FRY Amount 0.00 0.00 0.00 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 ~~631~~615,~~871~~790.4789 ~~340~~325,~~384~~165.6165 ~~972~~940,~~256~~956.0854 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 Prepayment Penalties 16,066.52 36,603.20 52,669.72 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 11.190760 12.258164 10.892118

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