

                           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):  January 26, 2004


                            Financial Asset Securities Corp.,
                  (as depositor, Impac Funding Corporation and
                       GMAC Mortgage Corporation, as Servicers,
               and Deutsche Bank National Trust Company, as Trustee).

              FINANCIAL ASSET SEC CORP ASSET BACK CERTS SER 2003-2
            (Exact name of Registrant as specified in its Charter)


                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-108195-10                          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


     Item 5.  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 7.  Financial Statement and Exhibits

     Exhibits:  (as noted in Item 5 above)

     Monthly Remittance Statement to the Certificateholders dated as of
     January 26, 2004.




                                     SIGNATURE


               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,
                                  not in its individual capacity, but solely
                                  as a duly authorized agent of the Registrant
                                  pursuant to the Pooling and Servicing
                                  Agreement, dated as of December 1,2003.


          Date:  Apr 15, 2004               By:  /s/  Katherine M. Wannenmacher
                                            Katherine M. Wannenmacher
                                            Vice President



                                   EXHIBIT INDEX

          DOCUMENT

          Monthly Remittance Statement to the Certificateholders
          dated as of January 26, 2004.


	Soundview Home Loan Trust 2003-2
	Asset Backed Certificates


	January 26, 2004 Distribution


	Contents



			TABLE OF CONTENTS

								Page

			1.	Contents				1
			2.	Certificate Payment Report				2
			3.	Collection Account Report				4
			4.	Credit Enhancement Report				7
			5.	Collateral Report				8
			6.	Delinquency Report				11
			7.	REO Report				12
			8.	Foreclosure Report				13
			9.	Prepayment Report				14
			10.	Prepayment Detail Report				17
			11.	Realized Loss Report				18
			12.	Realized Loss Detail Report				21
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				22
			14.	Additional Certificate Report				23



				Total Number of Pages				23



			CONTACTS

				Administrator: Eiko Akiyama
				Direct Phone Number: (714)247-6328
				Address: Deutsche Bank
				1761 E. St. Andrew Place, Santa Ana, CA 92705

				Web Site: https://www.corporatetrust.db.com/invr
				Factor Information: (800) 735-7777
				Main Phone Number: (714) 247-6000



ISSUANCE INFORMATION

	Seller:		Greenwich Capital Financial Products, In					Cut-Off Date: December 1, 2003
	Certificate Insurer(s):							Closing Date: December 30, 2003
								First Payment Date: January 26, 2004
	Servicer(s):		Impac Funding Corp. Master Servicer


								Distribution Date: January 26, 2004
	Underwriter(s):		Greenwich Capital Markets					Record Date: January 23, 2004
								December 31, 2003






						Page 1 of 23					© COPYRIGHT 2004 Deutsche Bank
	Soundview Home Loan Trust 2003-2
	Asset Backed Certificates
	Series 2003-2
	Certificate Payment Report for January 26, 2004 Distribution


	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)

A-1A	FLT	130,100,000.00			130,100,000.00	144,411.00	1,855,917.89	2,000,328.89	-	-	128,244,082.11
A-1B	FLT	90,000,000.00			90,000,000.00	90,450.00	1,283,878.64	1,374,328.64	-	-	88,716,121.36
A-2	FLT	97,505,000.00			97,505,000.00	130,900.46	-	130,900.46	-	-	97,505,000.00
M-1	MEZ	17,223,000.00			17,223,000.00	25,705.33	-	25,705.33	-	-	17,223,000.00
M-2	MEZ	14,445,000.00			14,445,000.00	30,226.16	-	30,226.16	-	-	14,445,000.00
M-3	MEZ	3,333,000.00			3,333,000.00	7,349.27	-	7,349.27	-	-	3,333,000.00
M-4	MEZ	4,074,000.00			4,074,000.00	9,899.82	-	9,899.82	-	-	4,074,000.00
M-5	MEZ	4,074,000.00			4,074,000.00	11,885.90	-	11,885.90	-	-	4,074,000.00
M-6	MEZ	4,074,000.00			4,074,000.00	12,649.77	-	12,649.77	-	-	4,074,000.00
B	SUB	3,148,000.00			3,148,000.00	14,428.33	-	14,428.33	-	-	3,148,000.00
C	EXE	2,407,047.00			2,407,047.47	1,435,762.84	-	1,435,762.84	-	442.99	2,407,490.46
P	P	100.00			100.00	-	-	-	-	-	100.00
R	R	-			-	-	-	-	-	-	-


Total		370,383,147.00			370,383,147.47	1,913,668.88	3,139,796.53	5,053,465.41	-	442.99	367,243,793.93


	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)

A-1A	12/30/03	01/25/04		A-Act/360	83611MAN8	130,100,000.00	1,000.000000	1.110000	14.265318	15.375318	985.734682
A-1B	12/30/03	01/25/04		A-Act/360	83611MAP3	90,000,000.00	1,000.000000	1.005000	14.265318	15.270318	985.734682
A-2	12/30/03	01/25/04		A-Act/360	83611MAQ1	97,505,000.00	1,000.000000	1.342500	-	1.342500	1,000.000000
M-1	12/30/03	01/25/04		A-Act/360	83611MAR9	17,223,000.00	1,000.000000	1.492500	-	1.492500	1,000.000000
M-2	12/30/03	01/25/04		A-Act/360	83611MAS7	14,445,000.00	1,000.000000	2.092500	-	2.092500	1,000.000000
M-3	12/30/03	01/25/04		A-Act/360	83611MAT5	3,333,000.00	1,000.000000	2.205002	-	2.205002	1,000.000000
M-4	12/30/03	01/25/04		A-Act/360	83611MAU2	4,074,000.00	1,000.000000	2.430000	-	2.430000	1,000.000000
M-5	12/30/03	01/25/04		A-Act/360	83611MAV0	4,074,000.00	1,000.000000	2.917501	-	2.917501	1,000.000000
M-6	12/30/03	01/25/04		A-Act/360	83611MAW8	4,074,000.00	1,000.000000	3.105000	-	3.105000	1,000.000000
B				F-30/360	83611MAM0	3,148,000.00	1,000.000000	4.583332	-	4.583332	1,000.000000
C				F-30/360	GC03S2101	369,790,194.00	1,008.112710	3.882642	-	3.882642	999.624354
P				-	GC03S2102	100.00	1,000.000000	-	-	-	1,000.000000
R				-	GC03S2103	-	-	-	-	-	-


							Page 2 of 23				© COPYRIGHT 2004 Deutsche Bank
	Soundview Home Loan Trust 2003-2
	Asset Backed Certificates
	Series 2003-2
	Certificate Payment Report for January 26, 2004 Distribution


	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)

A-1A	130,100,000.00		144,411.00		1,616,086.49	239,831.40	1,855,917.89	2,000,328.89	-	-	128,244,082.11
A-1B	90,000,000.00		90,450.00		1,117,969.13	165,909.51	1,283,878.64	1,374,328.64	-	-	88,716,121.36
A-2	97,505,000.00		130,900.46		-	-	-	130,900.46	-	-	97,505,000.00
M-1	17,223,000.00		25,705.33		-	-	-	25,705.33	-	-	17,223,000.00
M-2	14,445,000.00		30,226.16		-	-	-	30,226.16	-	-	14,445,000.00
M-3	3,333,000.00		7,349.27		-	-	-	7,349.27	-	-	3,333,000.00
M-4	4,074,000.00		9,899.82		-	-	-	9,899.82	-	-	4,074,000.00
M-5	4,074,000.00		11,885.90		-	-	-	11,885.90	-	-	4,074,000.00
M-6	4,074,000.00		12,649.77		-	-	-	12,649.77	-	-	4,074,000.00
B	3,148,000.00		14,428.33		-	-	-	14,428.33	-	-	3,148,000.00
C	2,407,047.00		1,435,762.84		-	-	-	1,435,762.84	-	442.99	2,407,490.46
P	100.00		-		-	-	-	-	-	-	100.00
R	-		-		-	-	-	-	-	-	-


Total	370,383,147.00		1,913,668.88		2,734,055.62	405,740.91	3,139,796.53	5,053,465.41	-	442.99	367,243,793.93


	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)

A-1A	1.48000%	130,100,000.00			144,411.00	-	-	-	144,411.00	144,411.00	-
A-1B	1.34000%	90,000,000.00			90,450.00	-	-	-	90,450.00	90,450.00	-
A-2	1.79000%	97,505,000.00			130,900.46	-	-	-	130,900.46	130,900.46	-
M-1	1.99000%	17,223,000.00			25,705.33	-	-	-	25,705.33	25,705.33	-
M-2	2.79000%	14,445,000.00			30,226.16	-	-	-	30,226.16	30,226.16	-
M-3	2.94000%	3,333,000.00			7,349.27	-	-	-	7,349.27	7,349.27	-
M-4	3.24000%	4,074,000.00			9,899.82	-	-	-	9,899.82	9,899.82	-
M-5	3.89000%	4,074,000.00			11,885.90	-	-	-	11,885.90	11,885.90	-
M-6	4.14000%	4,074,000.00			12,649.77	-	-	-	12,649.77	12,649.77	-
B	5.50000%	3,148,000.00			14,428.33	-	-	-	14,428.33	14,428.33	-
C	4.65315%	372,790,194.47			1,435,762.84	-	442.98	-	1,435,762.84	1,436,205.83	442.98
P		100.00			-	-	-	-	-	-	-
R		-			-	-	-	-	-	-	-


Total		740,766,294.47			1,913,668.88	-	442.98	-	1,913,668.88	1,914,111.87	442.98


							Page 3 of 23				© COPYRIGHT 2004 Deutsche Bank
	Soundview Home Loan Trust 2003-2
	Asset Backed Certificates
	Series 2003-2
	Collection Account Report for January 26, 2004 Distribution


	Collection Account Report


SUMMARY								TOTAL

	Principal Collections							3,139,353.54
	Principal Withdrawals							0.00
	Principal Other Accounts							0.00
	TOTAL NET PRINCIPAL							3,139,353.54

	Interest Collections							1,975,317.69
	Interest Withdrawals							0.00
	Interest Other Accounts							0.00
	Interest Fees							(61,205.82)
	TOTAL NET INTEREST							1,914,111.87

	TOTAL AVAILABLE FUNDS TO BONDHOLDERS							5,053,465.41


PRINCIPAL - COLLECTIONS								TOTAL

	Scheduled Principal							405,740.91
	Curtailments							31,057.24
	Prepayments in Full							2,702,555.39
	Repurchases/Substitutions Shortfalls							0.00
	Liquidations							0.00
	Insurance Principal							0.00
	Other Additional Principal							0.00
	Delinquent Principal							(217,750.19)
	Advanced Principal							217,750.19
	Realized Losses							0.00


	TOTAL PRINCIPAL COLLECTED							3,139,353.54


				Page 4 of 23				© COPYRIGHT 2004 Deutsche Bank
	Soundview Home Loan Trust 2003-2
	Asset Backed Certificates
	Series 2003-2
	Collection Account Report for January 26, 2004 Distribution


	Collection Account Report


PRINCIPAL - WITHDRAWALS								TOTAL
SPACE INTENTIONALLY LEFT BLANK


PRINCIPAL - OTHER ACCOUNTS								TOTAL



	TOTAL OTHER ACCOUNTS PRINCIPAL							0.00


INTEREST - COLLECTIONS								TOTAL

	Scheduled Interest							2,035,395.94
	Repurchases/Substitutions							0.00
	Liquidations							0.00
	Insurance Interest							0.00
	Other Additional Interest							0.00
	Month End Interest (PPIS)							0.00
	Delinquent Interest							(1,058,336.32)
	Realized Losses							0.00
	Compensating Month End Interest							0.00
	Other Interest Shortfall (Relief Act)							0.00
	Interest Advanced							998,258.07
	Prepayment Penalties							0.00

	TOTAL INTEREST COLLECTED							1,975,317.69


				Page 5 of 23				© COPYRIGHT 2004 Deutsche Bank
	Soundview Home Loan Trust 2003-2
	Asset Backed Certificates
	Series 2003-2
	Collection Account Report for January 26, 2004 Distribution


	Collection Account Report


INTEREST - WITHDRAWALS								TOTAL
SPACE INTENTIONALLY LEFT BLANK


INTEREST - OTHER ACCOUNTS								TOTAL



	TOTAL OTHER ACCOUNT INTEREST							0.00


INTEREST - FEES								TOTAL

	Current Servicing Fees							57,973.97
	Trustee Fee							2,067.97
	PMI Insuranse Premium Fees							1,163.88

	TOTAL INTEREST OTHER FEES							61,205.82


				Page 6 of 23				© COPYRIGHT 2004 Deutsche Bank
	Soundview Home Loan Trust 2003-2
	Asset Backed Certificates
	Series 2003-2
	Credit Enhancement Report for January 26, 2004 Distribution


	Credit Enhancement Report


ACCOUNTS								TOTAL

	Net WAC Rate Carryover Reserve Fund Beginning Balance							0.00
								0.00
	Net WAC Rate Carryover Amount							0.00
	Net WAC Rate Carryover Reserve Fund Ending Balance							0.00

	Int Earnings paid to Class C							0.00


INSURANCE								TOTAL
SPACE INTENTIONALLY LEFT BLANK


STRUCTURAL FEATURES								TOTAL

	Overcollateralization Target Amount							2,407,490.46
	Overcollateralized Amount							2,407,490.46
	Excess Overcollateralized Amount							0.00
	Overcollateralization Release Amount							0.00
	Overcollateralization Deficiency Amount							442.99
	Extra Principal Distribution Amt							442.99


				Page 7 of 23				© COPYRIGHT 2004 Deutsche Bank
	Soundview Home Loan Trust 2003-2
	Asset Backed Certificates
	Series 2003-2
	Collateral Report for January 26, 2004 Distribution


	Collateral Report


COLLATERAL								TOTAL
	Loan Count:
	*Original*							1543
	Prior							-
	Prefunding							-
	Scheduled Paid Offs							-
	Full Voluntary Prepayments							(12)
	Repurchases							-
	Liquidations							-
	Current							1,531

	*Principal Balance:*
	Original							370,383,147.47
	Prior							-
	Prefunding							-
	Scheduled Principal							(405,740.91)
	Partial and Full Voluntary Prepayments							(2,733,612.63)
	Repurchases							-
	Liquidations							-
	Current							367,243,793.93

PREFUNDING								TOTAL
SPACE INTENTIONALLY LEFT BLANK




Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)


				Page 8 of 23				© COPYRIGHT 2004 Deutsche Bank
	Soundview Home Loan Trust 2003-2
	Asset Backed Certificates
	Series 2003-2
	Collateral Report for January 26, 2004 Distribution


	Collateral Report


CHARACTERISTICS								TOTAL

	Weighted Average Coupon Original							6.594455%
	Weighted Average Coupon Prior
	Weighted Average Coupon Current							6.594455%
	Weighted Average Months to Maturity Original							336
	Weighted Average Months to Maturity Prior							-
	Weighted Average Months to Maturity Current							336
	Weighted Avg Remaining Amortization Term Original							340
	Weighted Avg Remaining Amortization Term Prior							-
	Weighted Avg Remaining Amortization Term Current							340
	Weighted Average Seasoning Original							5.54
	Weighted Average Seasoning Prior							-
	Weighted Average Seasoning Current							5.54

Note: Original information refers to deal issue.




WAC by Groups					Total WAC


WARAT by Groups					Total WARAT


Note: Dates correspond to distribution dates.
				Page 9 of 23				© COPYRIGHT 2004 Deutsche Bank
	Soundview Home Loan Trust 2003-2
	Asset Backed Certificates
	Series 2003-2
	Collateral Report for January 26, 2004 Distribution


	Collateral Report


ARM CHARACTERISTICS								TOTAL

	Weighted Average Margin Original							2.217%
	Weighted Average Margin Prior							0.000%
	Weighted Average Margin Current							2.217%
	Weighted Average Max Rate Original							4.543%
	Weighted Average Max Rate Prior							0.000%
	Weighted Average Max Rate Current							4.543%
	Weighted Average Min Rate Original							2.505%
	Weighted Average Min Rate Prior							0.000%
	Weighted Average Min Rate Current							2.505%
	Weighted Average Cap Up Original							0.341%
	Weighted Average Cap Up Prior							0.000%
	Weighted Average Cap Up Current							0.341%
	Weighted Average Cap Down Original							0.341%
	Weighted Average Cap Down Prior							0.000%
	Weighted Average Cap Down Current							0.341%

Note: Original information refers to deal issue.

SERVICING FEES / ADVANCES								TOTAL

	Current Servicing Fees							57,973.97
	Delinquent Servicing Fees							60,078.25
	TOTAL SERVICING FEES							118,052.22


	Total Servicing Fees							118,052.22
	Compensating Month End Interest							0.00
	Delinquent Servicing Fees							(60,078.25)

	COLLECTED SERVICING FEES							57,973.97

	Prepayment Interest Shortfall							0.00

	Total Advanced Interest							998,258.07


ADDITIONAL COLLATERAL INFORMATION								TOTAL

	Next One-Month LIBOR							1.100000%
	Current One-Month LIBOR							1.140000%


				Page 10 of 23				© COPYRIGHT 2004 Deutsche Bank
	Soundview Home Loan Trust 2003-2
	Asset Backed Certificates
	Series 2003-2
	Delinquency Report for January 26, 2004 Distribution


	Delinquency Report - Total


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			2,113,776.59	681,966.11	-	2,795,742.70
		% Balance			0.58%	0.19%	0.00%	0.76%
		# Loans			10	5	-	15
		% # Loans			0.65%	0.33%	0.00%	0.98%
FORECLOSURE		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%

TOTAL		Balance		-	2,113,776.59	681,966.11	-	2,795,742.70
		% Balance		0.00%	0.58%	0.19%	0.00%	0.76%
		# Loans		-	10	5	-	15
		% # Loans		0.00%	0.65%	0.33%	0.00%	0.98%
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent


Total Foreclosure					Total Bankruptcy and REO


Note: Dates correspond to distribution dates.
				Page 11 of 23				© COPYRIGHT 2004 Deutsche Bank
	Soundview Home Loan Trust 2003-2
	Asset Backed Certificates
	Series 2003-2
	REO Report for January 26, 2004 Distribution


	REO Report - Mortgage Loans that Become REO During Current Distribution


SUMMARY				LOAN GROUP

Total Loan Count = 0				Loan Group 1 = Conform. Group; REO Book Value = 000.00
Total Original Principal Balance = 000.00
Total Current Balance = 000.00
REO Book Value = 000.00

REO Book Value reported corresponds to total REO loans, including loans that become REO during current distribution.

Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK


				Page 12 of 23				© COPYRIGHT 2004 Deutsche Bank
	Soundview Home Loan Trust 2003-2
	Asset Backed Certificates
	Series 2003-2
	Foreclosure Report for January 26, 2004 Distribution


	Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution


SUMMARY				LOAN GROUP

Total Loan Count = 0				Loan Group 1 = Conform. Group
Total Original Principal Balance = 000.00
Total Current Balance = 000.00


Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK


				Page 13 of 23				© COPYRIGHT 2004 Deutsche Bank
	Soundview Home Loan Trust 2003-2
	Asset Backed Certificates
	Series 2003-2
	Prepayment Report for January 26, 2004 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENTS								TOTAL

	*Current*
	Number of Paid in Full Loans							12
	Number of Repurchased Loans							-
	Total Number of Loans Prepaid in Full							12

	Paid in Full Balance							2,702,555.39
	Repurchased Loans Balance							-
	Curtailments Amount							31,057.24
	Total Prepayment Amount							2,733,612.63

	*Cumulative*
	Number of Paid in Full Loans							12
	Number of Repurchased Loans							-
	Total Number of Loans Prepaid in Full							12

	Paid in Full Balance							2,702,555.39
	Repurchased Loans Balance							-
	Curtailments Amount							31,057.24
	Total Prepayment Amount							2,733,612.63

SPACE INTENTIONALLY LEFT BLANK


Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)


				Page 14 of 23				© COPYRIGHT 2004 Deutsche Bank
	Soundview Home Loan Trust 2003-2
	Asset Backed Certificates
	Series 2003-2
	Prepayment Report for January 26, 2004 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENT RATES								TOTAL

	SMM							0.74%
	3 Months Avg SMM
	12 Months Avg SMM
	Avg SMM Since Cut-off							0.74%

	CPR							8.51%
	3 Months Avg CPR
	12 Months Avg CPR
	Avg CPR Since Cut-off							8.51%

	PSA							769.00%
	3 Months Avg PSA Approximation
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation							769.00%







CPR by Groups					Total CPR


PSA by Groups					Total PSA


				Page 15 of 23				© COPYRIGHT 2004 Deutsche Bank
	Soundview Home Loan Trust 2003-2
	Asset Backed Certificates
	Series 2003-2
	Prepayment Report for January 26, 2004 Distribution


	Prepayment Report - Voluntary Prepayments




CPR Avg since Cut-Off by Groups					Total CPR Avg since Cut-Off


PSA Avg since Cut-Off by Groups					Total PSA Avg since Cut-Off


PREPAYMENT CALCULATION METHODOLOGY
Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases)/(Beg Principal Balance - Sched Principal)
Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)
PSA Standard Prepayment Model: CPR/(0.02*min(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)
Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12)
Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.02*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)

Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments and repurchases.
Dates correspond to distribution dates.

				Page 16 of 23				© COPYRIGHT 2004 Deutsche Bank


	Soundview Home Loan Trust 2003-2
	Asset Backed Certificates
	Series 2003-2
	Prepayment Detail Report for January 26, 2004 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution


SUMMARY						LOAN GROUP

Total Loan Count = 12						Loan Group 1 = Conform. Group
Total Original Principal Balance = 2,702,555.39
Total Prepayment Amount = 2,702,555.39


Loan Number			Original			Current	State &	Type Prepayment
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	&	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Original Term	Date

1000001855 1			164,950.66	164,950.66	Dec-31-03	9.240%	CA - 85.00%	Paid Off - 360	Feb-21-03
1000002081 1			296,104.83	296,104.83	Dec-31-03	9.375%	CA - 70.00%	Paid Off - 360	Feb-27-03
1000003699 1			293,194.83	293,194.83	Dec-31-03	6.500%	CA - 80.00%	Paid Off - 360	Mar-26-03
1000004218 1			308,760.31	308,760.31	Dec-31-03	7.990%	CA - 85.00%	Paid Off - 360	Apr-09-03
1000005231 1			397,249.28	397,249.28	Dec-31-03	7.875%	CA - 85.00%	Paid Off - 360	Mar-25-03
1000007749 1			160,264.86	160,264.86	Dec-31-03	8.240%	CA - 60.75%	Paid Off - 360	Apr-23-03
1000008021 1			128,688.47	128,688.47	Dec-31-03	8.940%	CO - 80.00%	Paid Off - 360	Apr-23-03
1000011430 1			151,569.77	151,569.77	Dec-31-03	8.900%	CA - 80.00%	Paid Off - 360	Jun-25-03
1000015041 1			340,714.93	340,714.93	Dec-31-03	7.500%	CA - 90.00%	Paid Off - 360	Jun-24-03
1000016389 1			49,817.69	49,817.69	Dec-31-03	6.500%	CA - 16.67%	Paid Off - 360	Jul-02-03
1000016413 1			174,272.92	174,272.92	Dec-31-03	6.990%	CA - 79.55%	Paid Off - 360	Jun-18-03
1000022296 1			236,966.84	236,966.84	Dec-31-03	7.490%	CA - 95.00%	Paid Off - 360	Aug-12-03


					Page 17 of 23				© COPYRIGHT 2004 Deutsche Bank
	Soundview Home Loan Trust 2003-2
	Asset Backed Certificates
	Series 2003-2
	Realized Loss Report for January 26, 2004 Distribution


	Realized Loss Report - Collateral


COLLATERAL REALIZED LOSSES								TOTAL

	*Current*
	Number of Loans Liquidated							-
	Collateral Realized Loss/(Gain) Amount							-
	Net Liquidation Proceeds							-

	*Cumulative*
	Number of Loans Liquidated							-
	Collateral Realized Loss/(Gain) Amount							-
	Net Liquidation Proceeds							-

	Note: Collateral Realized Loss Amount may include adjustments to loans liquidated in prior periods.

SPACE INTENTIONALLY LEFT BLANK


							3 Months Moving Average


Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation


				Page 18 of 23				© COPYRIGHT 2004 Deutsche Bank
	Soundview Home Loan Trust 2003-2
	Asset Backed Certificates
	Series 2003-2
	Realized Loss Report for January 26, 2004 Distribution


	Realized Loss Report - Collateral


DEFAULT SPEEDS								TOTAL

	MDR							0.00%
	3 Months Avg MDR
	12 Months Avg MDR
	Avg MDR Since Cut-off							0.00%

	CDR							0.00%
	3 Months Avg CDR
	12 Months Avg CDR
	Avg CDR Since Cut-off							0.00%

	SDA							0.00%
	3 Months Avg SDA Approximation
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation							0.00%

	Loss Severity Approximation for Current Period
	3 Months Avg Loss Severity Approximation
	12 Months Avg Loss Severity Approximation
	Avg Loss Severity Approximation Since Cut-off



CDR by Groups					Total CDR


SDA by Groups					Total SDA


				Page 19 of 23				© COPYRIGHT 2004 Deutsche Bank
	Soundview Home Loan Trust 2003-2
	Asset Backed Certificates
	Series 2003-2
	Realized Loss Report for January 26, 2004 Distribution


	Realized Loss Report - Collateral




CDR Avg since Cut-Off by Groups					Total CDR Avg since Cut-Off


SDA Avg since Cut-Off by Groups					Total SDA Avg since Cut-Off


COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)0.02,MAX(0.03,MIN(30,WAS)0.02-0.0095*(WAS-60)))
Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn) * (1-MDRn+1) .......(1-MDRm)]^(1/months in period n,m)
Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)
Average SDA Approximation over period between the nth month and mth month:
AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)0.02,MAX(0.03,MIN(30,Avg WASn,m)0.02-0.0095*(Avg WASn,m-60)))
Average WASn,m: (WASn + WASn+1 +.......+ WASm )/(number of months in the period n,m)
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)
Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.
Dates correspond to distribution dates.

				Page 20 of 23				© COPYRIGHT 2004 Deutsche Bank


	Soundview Home Loan Trust 2003-2
	Asset Backed Certificates
	Series 2003-2
	Realized Loss Detail Report for January 26, 2004 Distribution


	Realized Loss Detail Report - Loans Liquidated During Current Distribution


SUMMARY						LOAN GROUP

Total Loan Count = 0						Loan Group 1 = Conform. Group
Total Original Principal Balance = 0.00
Total Prior Principal Balance = 0.00
Total Realized Loss Amount = 0.00
Total Net Liquidation Proceeds = 0.00
Note: Total Realized Loss Amount may include adjustments to loans liquidated in prior periods.

Loan Number			Original	Prior		Current	State &
&		Loan	Principal	Principal	Realized	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Balance	Loss/(Gain)	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK


					Page 21 of 23				© COPYRIGHT 2004 Deutsche Bank
	Soundview Home Loan Trust 2003-2
	Asset Backed Certificates
	Series 2003-2
	Triggers, Adj. Rate Cert. and Miscellaneous Report for January 26, 2004 Distribution


	Triggers, Adj. Rate Cert. and Miscellaneous Report


TRIGGER EVENTS								TOTAL

	Step Down Date?							No
	Trigger Event Occuring?							No
	Delinquency Percentage							0.184124%
	Beginning Credit Enhancement Percentage							14.249581%
	Ending Credit Enhancement Percentage							14.371393%


ADJUSTABLE RATE CERTIFICATE INFORMATION								TOTAL
SPACE INTENTIONALLY LEFT BLANK


ADDITIONAL INFORMATION								TOTAL
SPACE INTENTIONALLY LEFT BLANK


				Page 22 of 23				© COPYRIGHT 2004 Deutsche Bank
	Soundview Home Loan Trust 2003-2
	Asset Backed Certificates
	Series 2003-2
	Additional Certificate Report for January 26, 2004 Distribution


	Additional Certificate Report


	CLASS


	M-1					0.00	0.00	0.00
	M-2					0.00	0.00	0.00
	M-3					0.00	0.00	0.00


	C						0.00	0.00
	P						0.00	442.98


				Page 23 of 23				© COPYRIGHT 2004 Deutsche Bank

FINANCIAL ASSET SEC CORP ASSET BACK CERTS SER 2003-2 8-K