8-K 1 sdv01001.txt NOVEMBER 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): November 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 November 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 November 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: 11/16/01 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 November 15, 2001 distribution. EX-99.1

Soundview Mortgage Pass-Through Certificates Record Date: 910/3031/01 Distribution Date: 1011/15/01 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) 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% 8381,~~723~~277,~~633~~053.7721 ~~437~~424,~~107~~333.1495 2,~~446~~118,~~580~~228.5614 IO 83611PAK7 SEN 7.00000% 0.00 ~~242~~233,~~098~~750.2100 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 5229,~~669~~501.7210 0.00 Totals 9794,~~185~~738,~~262~~681.0246 ~~811~~767,~~519~~229.3129 2,~~446~~118,~~580~~228.5614

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 8179,~~277~~158,~~053~~825.2107 2,~~883~~542,~~687~~562.7009 0.00 IO 0.00 0.00 ~~242~~233,~~098~~750.2100 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 5229,~~669~~501.7210 0.00 Totals 0.00 9492,~~738~~620,~~681~~453.4632 32,~~258~~885,~~099~~457.8743 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 8381,~~723~~277,~~633~~053.7721 0.00 2,~~446~~118,~~580~~228.5614 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 9794,~~185~~738,~~262~~681.0246 0.00 2,~~446~~118,~~580~~228.5614 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,~~446~~118,~~580~~228.5614 8179,~~277~~158,~~053~~825.2107 0.~~88224752~~85925455 2,~~446~~118,~~580~~228.5614 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,~~446~~118,~~580~~228.5614 9492,~~738~~620,~~681~~453.4632 0.~~89726022~~87719870 2,~~446~~118,~~580~~228.5614

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 92,125,000.00 ~~908~~882.~~80470849~~24752467 0.00000000 2622.~~55718383~~99297845 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 2622.~~55718383~~99297845 ~~882~~859.~~24752467~~25454621 0.~~88224752~~85925455 2622.~~55718383~~99297845 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% 8381,~~723~~277,~~633~~053.7721 ~~437~~424,~~107~~333.1495 0.00 0.00 IO 0.00 7.00000% 4140,~~502~~071,~~551~~429.00 ~~242~~233,~~098~~750.2100 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 ~~758~~737,~~849~~728.5919 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 ~~437~~424,~~107~~333.1495 0.00 8179,~~277~~158,~~053~~825.2107 IO 0.00 0.00 ~~242~~233,~~098~~750.2100 0.00 40,071,429.00 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 5229,~~669~~501.7210 0.00 0.00 Totals 0.00 0.00 ~~811~~767,~~519~~229.3129 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% ~~908~~882.~~80470849~~24752467 4.~~74471794~~60606730 0.00000000 0.00000000 IO 0.00 7.00000% ~~966~~933.~~66667676~~33335352 5.~~63888885~~44444450 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.~~74471794~~60606730 0.00000000 ~~882~~859.~~24752467~~25454621 IO 0.00000000 0.00000000 5.~~63888885~~44444450 0.00000000 933.33335352 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 ~~526697~~295011.~~20000000~~00000000 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 32,~~139~~905,~~466~~252.3142 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~116,281~~0.6900 Realized Losses 0.00 Prepayment Penalties 5229,~~669~~501.7210 Total Deposits 32,~~308~~934,~~417~~753.7252 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 5049,~~317~~296.8509 Payment of Interest and Principal 32,~~258~~885,~~099~~457.8743 Total Withdrawals (Pool Distribution Amount) 32,~~308~~934,~~417~~753.7252 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 40,~~776~~015.4568 FSA - Policy # 51074-N 6,~~279~~095.2778 Master Serv Fee ~~815~~796.5315 Special Servicing Fee 0.00 Trustee Fee- Wells Fargo Bank 2,~~446~~388.6048 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 5049,~~317~~296.8509

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 9270 0 0 0 9270 54,~~544~~180,~~678~~385.2941 0.00 0.00 0.00 54,~~544~~180,~~678~~385.2941 60 Days 1420 0 0 0 1420 ~~935~~1,~~553~~219,546.1354 0.00 0.00 0.00 ~~935~~1,~~553~~219,546.1354 90 Days 590 150 840 40 ~~108~~90 ~~153~~5,~~805~~418,719.0066 ~~1,133,515~~0.1800 ~~5,175,046~~0.3200 ~~193,020~~0.1000 65,~~655~~418,~~386~~719.6066 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 ~~111~~180 150 840 40 ~~214~~180 610,~~634~~818,~~036~~651.4261 ~~1,133,515~~0.1800 ~~5,175,046~~0.3200 ~~193,020~~0.1000 1310,~~135~~818,~~618~~651.0261 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 65.~~938160~~347594% 0.000000% 0.000000% 0.000000% 65.~~938160~~347594% 54.~~800951~~466976% 0.000000% 0.000000% 0.000000% 54.~~800951~~466976% 60 Days 1.~~055807~~527884% 0.000000% 0.000000% 0.000000% 1.~~055807~~527884% 01.~~978794~~303154% 0.000000% 0.000000% 0.000000% 01.~~978794~~303154% 90 Days 06.~~377074~~875477% 10.~~131222~~000000% 60.~~334842~~000000% 0.~~301659~~000000% 86.~~144796~~875477% 05.~~160914~~790206% 10.~~185906~~000000% 50.~~414235~~000000% 0.~~201941~~000000% 65.~~962996~~790206% 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 813.~~371041~~750955% 10.~~131222~~000000% 60.~~334842~~000000% 0.~~301659~~000000% 1613.~~138763~~750955% 611.~~940659~~560336% 10.~~185906~~000000% 50.~~414235~~000000% 0.~~201941~~000000% 1311.~~742741~~560336%

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 9248 0 0 0 9248 52,~~544~~778,~~678~~968.2972 0.00 0.00 0.00 52,~~544~~778,~~678~~968.2972 60 Days 14 0 0 0 14 ~~935~~678,~~553~~444.1342 0.00 0.00 0.00 ~~935~~678,~~553~~444.1342 90 Days 550 150 840 40 ~~108~~50 ~~153~~2,~~805~~681,322.0077 ~~1,133,515~~0.1800 ~~5,175,046~~0.3200 ~~193,020~~0.1000 62,~~655~~681,~~386~~322.6077 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 ~~111~~112 150 840 40 ~~214~~112 6,~~634~~138,~~036~~735.4291 ~~1,133,515~~0.1800 ~~5,175,046~~0.3200 ~~193,020~~0.1000 136,~~135~~138,~~618~~735.0291 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 95.~~881847~~240175% 0.000000% 0.000000% 0.000000% 95.~~881847~~240175% 84.~~588496~~423129% 0.000000% 0.000000% 0.000000% 84.~~588496~~423129% 60 Days 1.~~503759~~528384% 0.000000% 0.000000% 0.000000% 1.~~503759~~528384% 1.~~449136~~079842% 0.000000% 0.000000% 0.000000% 1.~~449136~~079842% 90 Days 05.~~537057~~458515% 10.~~611171~~000000% 90.~~022556~~000000% 0.~~429646~~000000% 115.~~600430~~458515% 04.~~238238~~267712% 10.~~755772~~000000% 80.~~015950~~000000% 0.~~298981~~000000% 104.~~308941~~267712% 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 1112.~~922664~~227074% 10.~~611171~~000000% 90.~~022556~~000000% 0.~~429646~~000000% 2212.~~986037~~227074% 109.~~275871~~770683% 10.~~755772~~000000% 80.~~015950~~000000% 0.~~298981~~000000% 209.~~346574~~770683% 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 022 0 0 0 022 01,401,416.0069 0.00 0.00 0.00 01,401,416.0069 60 Days 06 0 0 0 06 0541,102.0012 0.00 0.00 0.00 0541,102.0012 90 Days 040 0 0 0 040 02,737,396.0089 0.00 0.00 0.00 02,737,396.0089 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 068 0 0 0 068 04,679,915.0070 0.00 0.00 0.00 04,679,915.0070 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 05.~~000000~~597964% 0.000000% 0.000000% 0.000000% 05.~~000000~~597964% 04.~~000000~~556546% 0.000000% 0.000000% 0.000000% 04.~~000000~~556546% 60 Days 01.~~000000~~526718% 0.000000% 0.000000% 0.000000% 01.~~000000~~526718% 01.~~000000~~759332% 0.000000% 0.000000% 0.000000% 01.~~000000~~759332% 90 Days 010.~~000000~~178117% 0.000000% 0.000000% 0.000000% 010.~~000000~~178117% 08.~~000000~~900333% 0.000000% 0.000000% 0.000000% 08.~~000000~~900333% 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 017.~~000000~~302799% 0.000000% 0.000000% 0.000000% 017.~~000000~~302799% 015.~~000000~~216210% 0.000000% 0.000000% 0.000000% 015.~~000000~~216210% (7) The 90 Day category for delinquent, bankruptcy, foreclosure, and REO contains loans that are 90 days or more delinquent.

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~116,281~~0.6900

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 11.~~432119~~439307% Weighted Average Net Coupon 10.~~922117~~929307% Weighted Average Pass-Through Rate 10.~~892118~~899308% Weighted Average Maturity(Stepdown Calculation ) ~~354~~353 Beginning Scheduled Collateral Loan Count 1,~~355~~326 Number Of Loans Paid In Full 2917 Ending Scheduled Collateral Loan Count 1,~~326~~309 Beginning Scheduled Collateral Balance 9795,~~863~~540,~~818~~395.1453 Ending Scheduled Collateral Balance 9593,~~540~~545,~~395~~906.5340 Ending Actual Collateral Balance at 3031-~~Sep~~Oct-2001 9593,~~582~~584,~~228~~234.5903 Monthly P &I Constant 1,~~072~~026,~~094~~144.7996 Special Servicing Fee 0.00 Prepayment Penalties 5229,~~669~~501.7210 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 9593,~~540~~545,~~395~~906.5340 Scheduled Principal 8785,~~099~~880.3756 Unscheduled Principal 21,~~236~~908,~~323~~608.2457

Cumulative Loss Event Occurred NO Delinquency Event Occurred NOYES Curtailments $213,~~159~~024.8754

Miscellaneous Reporting Excess Cash Amount 123,~~157~~739.9501 Required ~~Overcollateralization~~Overcollateralizati ~~Amount~~ 2,322,892.00 Subordination Amount ~~801~~925,~~714~~453.3710 Subordination Deficiency Amount 1,~~644~~521,~~335~~777.8893 Subordination Increase Amount 123,~~157~~739.9501

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.~~730762~~450062 1211.~~798166~~416931 11.~~432119~~439307 Weighted Average Net Rate 1110.~~220761~~940060 1210.~~288163~~906935 10.~~922117~~929307 Weighted Average Maturity ~~(1)~~0 ~~(1)~~0 ~~354~~353 Beginning Loan Count ~~952~~931 ~~403~~395 1,~~355~~326 Loans Paid In Full 2115 82 2917 Ending Loan Count ~~931~~916 ~~395~~393 1,~~326~~309 Beginning Scheduled Balance 6664,~~032~~527,~~069~~039.4459 31,~~831~~013,~~748~~355.7094 9795,~~863~~540,~~818~~395.1453 Ending Scheduled Balance 6462,~~527~~799,~~039~~390.5985 3130,~~013~~746,~~355~~515.9455 9593,~~540~~545,~~395~~906.5340 Record Date 0910/3031/2001 0910/3031/2001 0910/3031/2001 Principal And Interest Constant ~~720~~706,~~176~~223.7059 ~~351~~319,~~918~~921.0937 1,~~072~~026,~~094~~144.7996 Scheduled Principal 7473,~~671~~610.2792 12,~~428~~269.1064 8785,~~099~~880.3756 Unscheduled Principal 1,~~430~~654,~~358~~037.5882 ~~805~~254,~~964~~570.6675 21,~~236~~908,~~323~~608.2457 Scheduled Interest ~~645~~632,~~505~~612.4367 ~~339~~307,~~489~~651.9973 ~~984~~940,~~995~~264.4240 Servicing Fees 2826,~~063~~835.7202 13,~~528~~180.5666 4140,~~592~~015.2868 Master Servicing Fees 0537.0072 0258.0043 0796.0015 Trustee Fee 1,~~650~~613.8216 ~~795~~775.7832 2,~~446~~388.6048 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 ~~615~~603,~~790~~626.8977 ~~325~~293,~~165~~437.6532 ~~940~~897,~~956~~064.5409 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~~0.5200 ~~36,603~~0.2000 ~~52,669~~0.7200 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 1110.~~190760~~910060 1210.~~258164~~876938 10.~~892118~~899308

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