~~==================================================================================================~~UNITED ~~Initial~~STATES ~~Certificate~~SECURITIES ~~Principal~~AND ~~Class~~EXCHANGE ~~Balance~~COMMISSION orWashington, ~~Notional~~D.C. ~~Amount~~20549 ~~Pass~~FORM 8-~~Through~~K ~~Rate~~Current ~~--------------------------------------------------------------------------------------------------~~Report ~~A-1~~Pursuant ~~$185~~To Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): (Date of earliest event reported) Financial Asset Securities Corporation (as Depositor under the Pooling and Servicing Agreement,~~144,000.00~~ ~~Variable~~dated ~~--------------------------------------------------------------------------------------------------~~as ~~A-2~~August ~~$57~~1,~~700~~ 2004,~~000.00~~ ~~Variable~~providing for the issuance of Soundview Home Loan Trust Series 2004-1 Asset-~~------------------------------------------------------------------------------------------------~~Backed APass-3Through ~~$112~~Certificates,~~200,000.00~~ ~~Variable~~Series 2004-1) (Exact name of registrant as specified in charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-111379-~~-----------------------------------------------------------------------------------------------~~20 A06-41442101 ~~$15~~(Commission File Number) (I.R.S. Employer Identification No.) 600 Steamboat Road Greenwich,~~245~~ Connecticut 06830 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number,~~000.00~~ ~~Variable~~Including ~~--------------------------------------------------------------------------------------------------~~Area MCode: (203) 625-12700 ~~$18~~(Former name or former address,~~027,000~~ if changed since last report.00) ~~Variable~~Check ~~--------------------------------------------------------------------------------------------------~~the Mappropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. ~~$15,835,000~~below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.00425) ~~Variable~~[ ] Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b)) [ ] Pre-~~-----------------------------------------------------------------------------------------------~~commencement Mcommunications pursuant to Rule 14d-32(b) ~~$9,744,000.00~~under ~~Variable~~the Exchange Act (17 CFR 240.14d-~~-------------------------------------------------------------------------------------------------~~2(b)) [ ] Pre-3-commencement communications pursuant to Rule 13e-~~-------------------------------------------------------------------------------------------------~~4(c) Munder the Exchange Act (17 CFR 240.13e-4(c)) ~~$9,744,000~~Item 8.0001 ~~Variable~~Other ~~--------------------------------------------------------------------------------------------------~~Events ~~M-5~~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 9~~,744,000~~.0001 ~~Variable~~Financial ~~--------------------------------------------------------------------------------------------------~~Statements ~~M-6~~and ~~$8,526,000~~Exhibits (c) Exhibits: Exhibit No.00 ~~Variable~~Description ~~--------------------------------------------------------------------------------------------------~~99.1 ~~M-7~~Monthly ~~$8,526,000~~Remittance Statement to the Certificateholders dated as of .00 ~~Variable~~Signatures ~~--------------------------------------------------------------------------------------------------~~Pursuant ~~M-8~~to $7the requirements of the Securities Exchange Act of 1934,~~308,000.00~~ ~~Variable~~the ~~--------------------------------------------------------------------------------------------------~~Registrant ~~M-9~~has $6duly caused this report to be signed on its behalf by the undersigned,~~090,000~~ hereunto duly authorized.00 ~~Variable~~Deutsche ~~--------------------------------------------------------------------------------------------------~~Bank ~~B-1~~National $7Trust Company,~~308,000.00~~ ~~Variable~~in ~~--------------------------------------------------------------------------------------------------~~its ~~B-2~~capacity $6as Trustee under the Pooling and Servicing Agreement on behalf of Financial Asset Securities Corporation,~~090,000.00~~ ~~Variable~~Registrant ~~--------------------------------------------------------------------------------------------------~~Date: CSep $928,~~987,858.39~~ 22004 By: /s/ Katherine M.~~05%~~ ~~--------------------------------------------------------------------------------------------------~~Wannenmacher PKatherine ~~$100~~M.00 ~~N/A~~Wannenmacher ~~--------------------------------------------------------------------------------------------------~~Vice RPresident ~~100~~EXHIBIT INDEX DOCUMENT 99.~~00%~~1 ~~N/A~~Monthly ~~--------------------------------------------------------------------------------------------------~~Remittance ~~R-X~~Statement ~~100.00%~~to ~~N/A~~the ~~==================================================================================================~~Certificateholders dated as of .

Sequentially Exhibit No. Description Numbered Page ----------- ----------- ------------- 4.1 Pooling and Servicing Agreement, dated as of August 1, 2004, 7 by and among Financial Asset Securities Corp. as Depositor, HomEq Servicing Corporation and Saxon Mortgage Services, Inc. as Servicers and Deutsche Bank National Trust Company as Trustee, relating to the Series 2004-1 Certificates.



Soundview Home Loan Trust 2004-1

Asset Backed Certificates

REMIC 2004-1

September 27, 2004 Distribution

				External Parties						Table of Contents

													Page
				Seller
										1. Certificate Payment Report					2
				Greenwich Capital Financial Products, In
										2. Collection Account Report					4

										3. Credit Enhancement Report					6
										4. Collateral Report					7
				Certificate Insurer(s)						5. Delinquency Report					10

										6. REO Report					13

										7. Foreclosure Report					14
										8. Prepayment Report					15
										9. Prepayment Detail Report					18

										10. Realized Loss Report					27
										11. Realized Loss Detail Report					30
				Servicer(s)
										12. Triggers and Adj. Cert. Report					31
				Saxon Mortgage Services, Inc.
										13. Additional Certificate Report					32

				HomeQ Servicing Corp.						14. Other Related Information					33


				Underwriter(s)
				Greenwich Capital Markets


										Total Number of Pages					33


				Dates						Contacts

				Cut-Off Date:			August 01, 2004			Eiko Akiyama
				Close Date:			August 06, 2004			Administrator
				First Distribution Date:			September 27, 2004			(714) 247-6328

										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92514
				Distribution Date:			September 27, 2004
										Factor Information:			(800) 735-7777
				Record Date:			August 31, 2004
										Main Phone Number:			(714) 247-6000

							September 24, 2004


										https://www.corporatetrust.db.com/invr



Page 1 of 33
Soundview Home Loan Trust 2004-1

Asset Backed Certificates

REMIC 2004-1

September 27, 2004 Distribution
Certificate Payment Report
Current Period Distribution - MASTER REMIC
					Prior												Current
	Class		Original		Principal						Total		Realized		Deferred		Principal

Class	Type	Cur	Face Value		Balance		Interest		Principal		Distribution		Loss		Interest		Balance


					(1)		(2)		(3)		(4)=(2)+(3)		(5)		(6)		(7)=(1)-(3)-(5)+(6)

A-1	FLT, STEP,	$	185,144,000.00		185,144,000.00		510,791.72		21,280,112.17		21,790,903.89		0.00		0.00		163,863,887.83

A-2	FLT, STEP,	$	57,700,000.00		57,700,000.00		141,685.56		21,280,227.11		21,421,912.67		0.00		0.00		36,419,772.89
A-3	FLT, STEP,	$	112,200,000.00		112,200,000.00		306,306.00		0.00		306,306.00		0.00		0.00		112,200,000.00
A-4	FLT, STEP,	$	15,245,000.00		15,245,000.00		45,802.76		0.00		45,802.76		0.00		0.00		15,245,000.00
M-1	MEZ, STEP,	$	18,027,000.00		18,027,000.00		56,244.24		0.00		56,244.24		0.00		0.00		18,027,000.00
M-2	MEZ, STEP,	$	15,835,000.00		15,835,000.00		50,777.57		0.00		50,777.57		0.00		0.00		15,835,000.00
M-3	MEZ, STEP,	$	9,744,000.00		9,744,000.00		31,808.75		0.00		31,808.75		0.00		0.00		9,744,000.00
M-4	MEZ, STEP,	$	9,744,000.00		9,744,000.00		38,564.59		0.00		38,564.59		0.00		0.00		9,744,000.00
M-5	MEZ, STEP,	$	9,744,000.00		9,744,000.00		39,268.32		0.00		39,268.32		0.00		0.00		9,744,000.00
M-6	MEZ, STEP,	$	8,526,000.00		8,526,000.00		36,822.85		0.00		36,822.85		0.00		0.00		8,526,000.00
M-7	MEZ, STEP,	$	8,526,000.00		8,526,000.00		42,980.51		0.00		42,980.51		0.00		0.00		8,526,000.00
M-8	MEZ, STEP,	$	7,308,000.00		7,308,000.00		38,423.84		0.00		38,423.84		0.00		0.00		7,308,000.00
M-9	MEZ, STEP,	$	6,090,000.00		6,090,000.00		42,136.04		0.00		42,136.04		0.00		0.00		6,090,000.00
B-1	SUB,MEZ	$	7,308,000.00		7,308,000.00		50,563.24		0.00		50,563.24		0.00		0.00		7,308,000.00
B-2	SUB,MEZ	$	6,090,000.00		6,090,000.00		42,136.03		0.00		42,136.03		0.00		0.00		6,090,000.00
C	OC	$	9,987,858.39		9,987,858.39		1,359,963.05		0.00		1,359,963.05		0.00		0.00		9,987,858.39
P	P	$	100.00		100.00		245,805.00		0.00		245,805.00		0.00		0.00		100.00
R	R	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00

Total			487,218,958.39		487,218,958.39		3,080,080.07		42,560,339.28		45,640,419.35		0.00		0.00		444,658,619.11





Interest Accrual Detail Current Period Factor Information per $1,0000 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)		(1)		(2)		(3)		(4)=(2)+(3)	(5)
A-1	08/06/04		09/26/04		A-Act/360		83611MAX6		185,144,000.00		1,000.000000		2.758889		114.938168		117.697057	885.061832
A-2	08/06/04		09/26/04		A-Act/360		83611MAY4		57,700,000.00		1,000.000000		2.455556		368.808095		371.263651	631.191905
A-3	08/06/04		09/26/04		A-Act/360		83611MAZ1		112,200,000.00		1,000.000000		2.730000		0.000000		2.730000	1,000.000000
A-4	08/06/04		09/26/04		A-Act/360		83611MBA5		15,245,000.00		1,000.000000		3.004445		0.000000		3.004445	1,000.000000
M-1	08/06/04		09/26/04		A-Act/360		83611MBB3		18,027,000.00		1,000.000000		3.120000		0.000000		3.120000	1,000.000000
M-2	08/06/04		09/26/04		A-Act/360		83611MBC1		15,835,000.00		1,000.000000		3.206667		0.000000		3.206667	1,000.000000
M-3	08/06/04		09/26/04		A-Act/360		83611MBD9		9,744,000.00		1,000.000000		3.264445		0.000000		3.264445	1,000.000000
M-4	08/06/04		09/26/04		A-Act/360		83611MBE7		9,744,000.00		1,000.000000		3.957778		0.000000		3.957778	1,000.000000
M-5	08/06/04		09/26/04		A-Act/360		83611MBF4		9,744,000.00		1,000.000000		4.030000		0.000000		4.030000	1,000.000000
M-6	08/06/04		09/26/04		A-Act/360		83611MBG2		8,526,000.00		1,000.000000		4.318889		0.000000		4.318889	1,000.000000
M-7	08/06/04		09/26/04		A-Act/360		83611MBH0		8,526,000.00		1,000.000000		5.041111		0.000000		5.041111	1,000.000000
M-8	08/06/04		09/26/04		A-Act/360		83611MBJ6		7,308,000.00		1,000.000000		5.257778		0.000000		5.257778	1,000.000000
M-9	08/06/04		09/26/04		A-Act/360		83611MBK3		6,090,000.00		1,000.000000		6.918890		0.000000		6.918890	1,000.000000
B-1	08/06/04		09/26/04		A-Act/360		83611MBL1		7,308,000.00		1,000.000000		6.918889		0.000000		6.918889	1,000.000000
B-2	08/06/04		09/26/04		A-Act/360		83611MBM9		6,090,000.00		1,000.000000		6.918888		0.000000		6.918888	1,000.000000
C	08/06/04		08/30/04		F-30/360		GC04S2101		497,206,816.78		20.087935		2.735206		0.000000		2.735206	20.087935
P	08/06/04		08/30/04		F-30/360		GC04S2102		100.00		1,000.000000		2,458,050.000000		0.000000		2,458,050.000000	1,000.000000
R	08/06/04		08/30/04		F-30/360		GC04S2103		0.00		0.000000		0.000000		0.000000		0.000000	0.000000



Page 2 of 33
Soundview Home Loan Trust 2004-1

Asset Backed Certificates

REMIC 2004-1

September 27, 2004 Distribution

Distribution to Date - MASTER REMIC
																	Current


	Original				Unscheduled		Scheduled		Total		Total		Realized		Deferred		Principal

Class	Face Value		Interest		Principal		Principal		Principal		Distribution		Loss		Interest		Balance
	(1)		(2)		(3)		(4)		(5)=(3)+(4)		(6)=(2)+(5)		(7)		(8)		(9)=(1)-(5)-(7)+(8)
A-1	185,144,000.00		510,791.72		20,844,606.53		435,505.64		21,280,112.17		21,790,903.89		0.00		0.00		163,863,887.83
A-2	57,700,000.00		141,685.56		20,844,721.47		435,505.64		21,280,227.11		21,421,912.67		0.00		0.00		36,419,772.89
A-3	112,200,000.00		306,306.00		0.00		435,505.64		0.00		306,306.00		0.00		0.00		112,200,000.00
A-4	15,245,000.00		45,802.76		0.00		0.00		0.00		45,802.76		0.00		0.00		15,245,000.00
M-1	18,027,000.00		56,244.24		0.00		0.00		0.00		56,244.24		0.00		0.00		18,027,000.00
M-2	15,835,000.00		50,777.57		0.00		0.00		0.00		50,777.57		0.00		0.00		15,835,000.00
M-3	9,744,000.00		31,808.75		0.00		0.00		0.00		31,808.75		0.00		0.00		9,744,000.00
M-4	9,744,000.00		38,564.59		0.00		0.00		0.00		38,564.59		0.00		0.00		9,744,000.00
M-5	9,744,000.00		39,268.32		0.00		0.00		0.00		39,268.32		0.00		0.00		9,744,000.00
M-6	8,526,000.00		36,822.85		0.00		0.00		0.00		36,822.85		0.00		0.00		8,526,000.00
M-7	8,526,000.00		42,980.51		0.00		0.00		0.00		42,980.51		0.00		0.00		8,526,000.00
M-8	7,308,000.00		38,423.84		0.00		0.00		0.00		38,423.84		0.00		0.00		7,308,000.00
M-9	6,090,000.00		42,136.04		0.00		0.00		0.00		42,136.04		0.00		0.00		6,090,000.00
B-1	7,308,000.00		50,563.24		0.00		0.00		0.00		50,563.24		0.00		0.00		7,308,000.00
B-2	6,090,000.00		42,136.03		0.00		0.00		0.00		42,136.03		0.00		0.00		6,090,000.00
C	9,987,858.39		1,359,963.05		0.00		0.00		0.00		1,359,963.05		0.00		0.00		9,987,858.39
P	100.00		245,805.00		0.00		0.00		0.00		245,805.00		0.00		0.00		100.00
R	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00

Total	487,218,958.39		3,080,080.07		41,689,328.00		1,306,516.92		42,560,339.28		45,640,419.35		0.00		0.00		444,658,619.11


Interest Detail - MASTER REMIC
	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		Adjustment		Interest		Interest		Interest
					(1)		(2)		(3)		(4)		(5)=(1)-(2)+(3)+(4)		(6)		(7)=(5)-(6)
A-1	1.91000%		185,144,000.00		510,791.72		0.00		0.00		0.00		510,791.72		510,791.72		0.00
A-2	1.70000%		57,700,000.00		141,685.56		0.00		0.00		0.00		141,685.56		141,685.56		0.00
A-3	1.89000%		112,200,000.00		306,306.00		0.00		0.00		0.00		306,306.00		306,306.00		0.00
A-4	2.08000%		15,245,000.00		45,802.76		0.00		0.00		0.00		45,802.76		45,802.76		0.00
M-1	2.16000%		18,027,000.00		56,244.24		0.00		0.00		0.00		56,244.24		56,244.24		0.00
M-2	2.22000%		15,835,000.00		50,777.57		0.00		0.00		0.00		50,777.57		50,777.57		0.00
M-3	2.26000%		9,744,000.00		31,808.75		0.00		0.00		0.00		31,808.75		31,808.75		0.00
M-4	2.74000%		9,744,000.00		38,564.59		0.00		0.00		0.00		38,564.59		38,564.59		0.00
M-5	2.79000%		9,744,000.00		39,268.32		0.00		0.00		0.00		39,268.32		39,268.32		0.00
M-6	2.99000%		8,526,000.00		36,822.85		0.00		0.00		0.00		36,822.85		36,822.85		0.00
M-7	3.49000%		8,526,000.00		42,980.51		0.00		0.00		0.00		42,980.51		42,980.51		0.00
M-8	3.64000%		7,308,000.00		38,423.84		0.00		0.00		0.00		38,423.84		38,423.84		0.00
M-9	4.41280%		6,090,000.00		38,817.95		0.00		0.00		0.00		38,817.95		42,136.04		0.00
B-1	4.41280%		7,308,000.00		46,581.54		0.00		0.00		0.00		46,581.54		50,563.24		0.00
B-2	4.41280%		6,090,000.00		38,817.95		0.00		0.00		0.00		38,817.95		42,136.03		0.00
C	196.07274%		9,987,858.39		0.00		0.00		0.00		0.00		0.00		1,359,963.05		0.00
P	0.00000%		100.00		0.00		0.00		0.00		0.00		0.00		245,805.00		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00

Total			487,218,958.39		1,463,694.15		0.00		0.00		0.00		1,463,694.15		3,080,080.07		0.00



Page 3 of 33
Soundview Home Loan Trust 2004-1

Asset Backed Certificates

REMIC 2004-1

September 27, 2004 Distribution
Collection Account Report
SUMMARY

										Group 2		Group 1		Total
Principal Collections												42,560,339.28		42,560,339.28
Principal Withrawals												0.00		0.00
Principal Other Accounts												0.00		0.00
TOTAL NET PRINCIPAL												42,560,339.28		42,560,339.28
Interest Collections												2,954,169.33		2,954,169.33
Interest Withdrawals														-0.00
Interest Other Accounts												0.00		245,805.00
Interest Fees												-119,894.26		-119,894.26
TOTAL NET INTEREST												2,834,275.07		3,080,080.07
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION												45,394,614.35		45,640,419.35



PRINCIPAL - COLLECTIONS

											Group 2		Group 1		Total
Scheduled Principal Received													435,505.64		435,505.64
Curtailments													331,878.84		331,878.84
Prepayments In Full													41,792,954.80		41,792,954.80
Repurchased/Substitutions													0.00		0.00
Liquidations													0.00		0.00
Insurance Principal													0.00		0.00
Other Additional Principal													0.00		0.00
Delinquent Principal													-191,177.52		-191,177.52
Realized Losses													-0.00		-0.00
Principal Recoveries
Advanced Principal													191,177.52		191,177.52
TOTAL PRINCIPAL COLLECTED													42,560,339.28		42,560,339.28


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



PRINCIPAL - OTHER ACCOUNTS

										Group 2		Group 1		Total
TOTAL PRINCIPAL OTHER ACCOUNTS												0.00		0.00





Page 4 of 33
Soundview Home Loan Trust 2004-1

Asset Backed Certificates

REMIC 2004-1

September 27, 2004 Distribution

INTEREST - COLLECTIONS

										Group 2		Group 1		Total
Scheduled Interest												3,039,394.25		3,039,394.25
Repurchased/Substitution Interest												0.00		0.00
Liquidation Interest												0.00		0.00
Insurance Interest												0.00		0.00
Other Additional Interest												0.00		0.00
Prepayment Interest Shortfalls												-14,213.22		-14,213.22
Delinquent Interest												-1,300,414.15		-1,300,414.15
Compensating Interest												14,213.22		14,213.22
Civil Relief Act Shortfalls												-0.00		-0.00
Interest Advanced												1,215,189.24		1,215,189.24
TOTAL INTEREST COLLECTED												2,954,169.33		2,954,169.33


INTEREST - WITHDRAWALS

										Group 2		Group 1		Total
Trust Fund Expenses												0.00		0.00
Non-Recoverable Advances												0.00		0.00
Reimbursements to Master Servicer												0.00		0.00

TOTAL INTEREST WITHDRAWALS														0.00



INTEREST - OTHER ACCOUNTS

										Group 2		Group 1		Total
Prepayment Charges												0.00		245,805.00
Net Wac Investment Income												0.00		0.00

TOTAL INTEREST OTHER ACCOUNTS												0.00		245,805.00



INTEREST - FEES

										Group 2		Group 1		Total
Current Servicing Fees												117,782.98		117,782.98
Trustee Fees												2,111.28		2,111.28

TOTAL INTEREST FEES												119,894.26		119,894.26




Page 5 of 33
Soundview Home Loan Trust 2004-1

Asset Backed Certificates

REMIC 2004-1

September 27, 2004 Distribution
Credit Enhancement Report

ACCOUNTS


CAP CONTRACT

Beginning Reserve Balance						0.00
Reserve Funds Deposited						10,617.87
Amount withdrawn						0.00
Reserve Funds Distributed						10,617.87
Ending Balance						0.00



INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES

										Group 2		Group 1		Total
Overcollateralized Amount														9,987,858.39
Overcollateralization Release Amount														0.00
Overcollateralization Deficiency Amount														0.00
Overcollateralization Target Amount														9,987,858.39



Page 6 of 33
Soundview Home Loan Trust 2004-1

Asset Backed Certificates

REMIC 2004-1

September 27, 2004 Distribution
Collateral Report


COLLATERAL



											Group 2		Group 1		Total



*Loan Count:*


Original												3,847		3,847
Prior												3,847		3,847
Prefunding												0		0
Scheduled Paid Offs												-0		-0
Full Voluntary Prepayments												-304		-304
Repurchases												-0		-0
Liquidations												-0		-0
Current												3,543		3,543
*Principal Balance:*


Original												487,218,958.39		487,218,958.39
Prior												487,218,958.39		487,218,958.39
Prefunding												0.00		0.00
Scheduled Principal												-435,505.64		-435,505.64
Partial Prepayments												-331,878.84		-331,878.84
Full Voluntary Prepayments												-41,792,954.80		-41,792,954.80
Repurchases												-0.00		-0.00
Liquidations												-0.00		-0.00
Current												444,658,619.11		444,658,619.11





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 7 of 33
Soundview Home Loan Trust 2004-1

Asset Backed Certificates

REMIC 2004-1

September 27, 2004 Distribution

CHARACTERISTICS

										Group 2		Group 1		Total
Weighted Average Coupon Original												7.48590%		7.48590%
Weighted Average Coupon Prior												7.48590%		7.48590%
Weighted Average Coupon Current												7.48590%		7.48590%
Weighted Average Months to Maturity Original												331		331
Weighted Average Months to Maturity Prior												331		331
Weighted Average Months to Maturity Current												331		331
Weighted Avg Remaining Amortization Term Original												332		332
Weighted Avg Remaining Amortization Term Prior												332		332
Weighted Avg Remaining Amortization Term Current												332		332
Weighted Average Seasoning Original												7.54		7.54
Weighted Average Seasoning Prior												7.54		7.54
Weighted Average Seasoning Current												7.54		7.54









Page 8 of 33
Soundview Home Loan Trust 2004-1

Asset Backed Certificates

REMIC 2004-1

September 27, 2004 Distribution

ARM CHARACTERISTICS

										Group 2		Group 1		Total
Weighted Average Margin Original												5.80536%		5.80536%
Weighted Average Margin Prior												5.80536%		5.80536%
Weighted Average Margin Current												5.80536%		5.80536%
Weighted Average Max Rate Original												37.35025%		37.35025%
Weighted Average Max Rate Prior												37.35025%		37.35025%
Weighted Average Max Rate Current												37.35025%		37.35025%
Weighted Average Min Rate Original												6.38053%		6.38053%
Weighted Average Min Rate Prior												6.38053%		6.38053%
Weighted Average Min Rate Current												6.38053%		6.38053%
Weighted Average Cap Up Original												1.01516%		1.01516%
Weighted Average Cap Up Prior												1.01516%		1.01516%
Weighted Average Cap Up Current												1.01516%		1.01516%
Weighted Average Cap Down Original												1.01516%		1.01516%
Weighted Average Cap Down Prior												1.01516%		1.01516%
Weighted Average Cap Down Current												1.01516%		1.01516%




SERVICING FEES & ADVANCES

											Group 2		Group 1		Total




Current Servicing Fees												117,782.98		117,782.98
Delinquent Servicing Fees												85,224.92		85,224.92
TOTAL SERVICING FEES												203,007.91		203,007.91


Total Servicing Fees												203,007.91		203,007.91
Compensating Interest												-14,213.22		-14,213.22
Delinquent Servicing Fees												-85,224.92		-85,224.92
COLLECTED SERVICING FEES												117,782.98		117,782.98


Total Advaced Interest												1,215,189.24		1,215,189.24
Total Advaced Principal												191,177.52		191,177.52
Aggregate Advances with respect to this Distribution												1,406,366.76		1,406,366.76





ADDITIONAL COLLATERAL INFORMATION
										Group 2		Group 1		Total
Prepayment Interest Shortfall (PPIS)												14,213.22		14,213.22
Compensating Interest												-14,213.22		-14,213.22
Net Prepayment Interest Shortfall (PPIS)												0.00		0.00




Page 9 of 33
Soundview Home Loan Trust 2004-1

Asset Backed Certificates

REMIC 2004-1

September 27, 2004 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				15,285,549.08		6,682,826.60		3,121,330.91		25,089,706.59
			% Balance				3.44%		1.50%		0.70%		5.64%
			# Loans				241		85		36		362
			% # Loans				6.80%		2.40%		1.02%		10.22%
	FORECLOSURE		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	BANKRUPTCY		Balance		0.00		245,875.35		0.00		0.00		245,875.35
			% Balance		0.00%		0.06%		0.00%		0.00%		0.06%
			# Loans		0		1		0		0		1
			% # Loans		0.00%		0.03%		0.00%		0.00%		0.03%
	REO		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		0.00		15,531,424.43		6,682,826.60		3,121,330.91		25,335,581.94
			% Balance		0.00%		3.49%		1.50%		0.70%		5.70%
			# Loans		0		242		85		36		363
			% # Loans		0.00%		6.83%		2.40%		1.02%		10.25%









Page 10 of 33
Soundview Home Loan Trust 2004-1

Asset Backed Certificates

REMIC 2004-1

September 27, 2004 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				15,285,549.08		6,682,826.60		3,121,330.91		25,089,706.59
			% Balance				3.44%		1.50%		0.70%		5.64%
			# Loans				241		85		36		362
			% # Loans				6.80%		2.40%		1.02%		10.22%
	FORECLOSURE		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	BANKRUPTCY		Balance		0.00		245,875.35		0.00		0.00		245,875.35
			% Balance		0.00%		0.06%		0.00%		0.00%		0.06%
			# Loans		0		1		0		0		1
			% # Loans		0.00%		0.03%		0.00%		0.00%		0.03%
	REO		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		0.00		15,531,424.43		6,682,826.60		3,121,330.91		25,335,581.94
			% Balance		0.00%		3.49%		1.50%		0.70%		5.70%
			# Loans		0		242		85		36		363
			% # Loans		0.00%		6.83%		2.40%		1.02%		10.25%










Page 11 of 33
Soundview Home Loan Trust 2004-1

Asset Backed Certificates

REMIC 2004-1

September 27, 2004 Distribution
	GROUP 2










Page 12 of 33
Soundview Home Loan Trust 2004-1

Asset Backed Certificates

REMIC 2004-1

September 27, 2004 Distribution
REO Report
Loan Number			Original		Stated				Current		State &

														First
&			Principal		Principal		Paid to		Note		LTV at		Original		Payment

Loan Group			Balance		Balance		Date		Rate		Origination		Term		Date
SPACE INTENTIONALLY LEFT BLANK




TOTAL



Page 13 of 33
Soundview Home Loan Trust 2004-1

Asset Backed Certificates

REMIC 2004-1

September 27, 2004 Distribution
Foreclosure Report
Loan Number			Original		Stated				Current		State &

														First
&			Principal		Principal		Paid to		Note		LTV at		Original		Payment

Loan Group			Balance		Balance		Date		Rate		Origination		Term		Date




TOTAL



Page 14 of 33
Soundview Home Loan Trust 2004-1

Asset Backed Certificates

REMIC 2004-1

September 27, 2004 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS


											Group 2		Group 1		Total




*Current*


Number of Paid in Full Loans												304		304
Number of Repurchased Loans												0		0
Total Number of Loans Prepaid in Full												304		304
Curtailments Amount												331,878.84		331,878.84
Paid in Full Balance												41,792,954.80		41,792,954.80
Repurchased Loans Balance												0.00		0.00
Total Prepayment Amount												42,124,833.64		42,124,833.64

*Cumulative*


Number of Paid in Full Loans												304		304
Number of Repurchased Loans												0		0
Total Number of Loans Prepaid in Full												304		304
Paid in Full Balance												41,792,954.80		41,792,954.80
Repurchased Loans Balance												0.00		0.00
Curtailments Amount												331,878.84		331,878.84
Total Prepayment Amount												42,124,833.64		42,124,833.64










Page 15 of 33
Soundview Home Loan Trust 2004-1

Asset Backed Certificates

REMIC 2004-1

September 27, 2004 Distribution

VOLUNTARY PREPAYMENTS RATES


											Group 2		Group 1		Total



SMM												8.65%		8.65%
3 Months Avg SMM												8.65%		8.65%
12 Months Avg SMM												8.65%		8.65%
Avg SMM Since Cut-off												8.65%		8.65%


CPR												66.25%		66.25%
3 Months Avg CPR												66.25%		66.25%
12 Months Avg CPR												66.25%		66.25%
Avg CPR Since Cut-off												66.25%		66.25%


PSA												4,395.70%		4,395.70%
3 Months Avg PSA Approximation												4,395.70%		4,395.70%
12 Months Avg PSA Approximation												4,395.70%		4,395.70%
Avg PSA Since Cut-off Approximation												4,395.70%		4,395.70%










Page 16 of 33
Soundview Home Loan Trust 2004-1

Asset Backed Certificates

REMIC 2004-1

September 27, 2004 Distribution






PREPAYMENT CALCULATION METHODOLOGY

	Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases + Liquidations )/(Beg Principal Balance - Sched Principal)

	Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)
	PSA Standard Prepayment Model: CPR/(0.002*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/(0.002*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, liquidations, and repurchases.
	Dates correspond to distribution dates.




Page 17 of 33
Soundview Home Loan Trust 2004-1

Asset Backed Certificates

REMIC 2004-1

September 27, 2004 Distribution
Prepayment Detail Report
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

20444 1			114,000.00		113,649.75			03-Sep-2004		7.874%		WI - 100.00%		Paid Off - 360		01-May-2004

441400 1			89,000.00		88,867.49			02-Sep-2004		8.000%		CA - 100.00%		Paid Off - 360		01-Jul-2004
36823128 1			244,150.00		243,061.15			10-Sep-2004		8.045%		NV - 95.00%		Paid Off - 360		01-Mar-2004
36826253 1			327,716.00		325,995.38			10-Sep-2004		7.240%		CA - 94.99%		Paid Off - 360		01-Mar-2004
36902161 1			545,700.00		542,622.18			07-Sep-2004		6.880%		AZ - 85.00%		Paid Off - 360		01-Mar-2004
36909356 1			142,000.00		141,438.27			20-Aug-2004		7.240%		OR - 100.00%		Paid Off - 360		01-Apr-2004
36915999 1			139,650.00		139,097.61			26-Aug-2004		7.240%		RI - 95.00%		Paid Off - 360		01-Apr-2004
36917615 1			227,248.00		226,181.90			02-Sep-2004		7.240%		NV - 100.00%		Paid Off - 360		01-Apr-2004
36931970 1			282,550.00		281,432.35			15-Sep-2004		7.740%		IL - 90.00%		Paid Off - 360		01-Apr-2004
36937647 1			290,000.00		288,609.77			07-Sep-2004		6.250%		TX - 100.00%		Paid Off - 360		01-Apr-2004
36941318 1			281,975.00		281,061.66			10-Sep-2004		8.250%		NJ - 99.99%		Paid Off - 360		01-Apr-2004
36943470 1			227,866.00		226,605.10			13-Sep-2004		5.990%		CA - 61.29%		Paid Off - 360		01-Apr-2004
36945665 1			219,990.00		219,329.50			02-Sep-2004		7.490%		CA - 100.00%		Paid Off - 360		01-May-2004
36951820 1			205,000.00		203,947.67			02-Sep-2004		6.390%		CA - 100.00%		Paid Off - 360		01-Apr-2004
36955375 1			589,000.00		586,552.88			30-Aug-2004		6.990%		CA - 95.00%		Paid Off - 360		01-Apr-2004
36955888 1			317,000.00		315,499.28			01-Sep-2004		6.690%		CA - 100.00%		Paid Off - 360		01-Apr-2004
36972826 1			191,700.00		190,619.24			15-Sep-2004		6.500%		IL - 90.00%		Paid Off - 360		01-Apr-2004
36976975 1			275,000.00		273,901.46			26-Aug-2004		7.190%		DC - 100.00%		Paid Off - 360		01-Apr-2004
36986081 1			102,375.00		102,037.41			09-Sep-2004		7.515%		IL - 100.00%		Paid Off - 360		01-May-2004
36986297 1			180,500.00		179,685.23			02-Sep-2004		6.565%		GA - 95.00%		Paid Off - 360		01-Apr-2004
36994804 1			160,000.00		159,309.68			31-Aug-2004		5.615%		IL - 100.00%		Paid Off - 360		01-May-2004
37000924 1			255,000.00		253,940.56			10-Sep-2004		7.490%		CA - 100.00%		Paid Off - 360		01-Apr-2004
37018918 1			163,400.00		162,916.66			15-Sep-2004		8.065%		IL - 95.00%		Paid Off - 360		01-May-2004
40058315 1			442,000.00		440,335.04			07-Sep-2004		6.330%		CA - 78.93%		Paid Off - 360		01-May-2004
40066763 1			225,000.00		224,254.35			18-Aug-2004		6.990%		NV - 100.00%		Paid Off - 360		01-May-2004
106942709 1			94,000.00		92,460.06			15-Sep-2004		8.125%		AL - 94.95%		Paid Off - 360		01-May-2003
310132842 1			60,000.00		59,723.58			02-Sep-2004		10.475%		AL - 100.00%		Paid Off - 360		01-Dec-2003
310211723 1			195,000.00		194,060.27			30-Aug-2004		9.150%		VA - 100.00%		Paid Off - 360		01-Jan-2004
311122858 1			254,700.00		253,539.36			31-Aug-2004		8.250%		IL - 90.00%		Paid Off - 360		01-Feb-2004
311243786 1			#######		159,951.41			18-Aug-2004		7.800%		FL - 86.36%		Paid Off - 360		01-Feb-2004
312017439 1			170,000.00		169,225.27			30-Aug-2004		8.250%		FL - 100.00%		Paid Off - 360		01-Feb-2004
312041130 1			334,000.00		332,049.62			18-Aug-2004		7.000%		CA - 94.89%		Paid Off - 360		01-Feb-2004
312094160 1			139,900.00		138,793.31			09-Sep-2004		6.990%		NC - 100.00%		Paid Off - 360		01-Feb-2004
312106182 1			120,000.00		119,269.38			02-Sep-2004		8.090%		MO - 100.00%		Paid Off - 360		01-Feb-2004
312117233 1			415,000.00		412,330.27			27-Aug-2004		6.999%		VA - 92.22%		Paid Off - 360		01-Feb-2004
312159333 1			201,000.00		200,151.80			27-Aug-2004		8.699%		MD - 89.95%		Paid Off - 360		01-Feb-2004
312224933 1			279,000.00		277,789.11			13-Sep-2004		8.500%		CA - 90.00%		Paid Off - 360		01-Feb-2004




Page 18 of 33
Soundview Home Loan Trust 2004-1

Asset Backed Certificates

REMIC 2004-1

September 27, 2004 Distribution

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

1000008803 1			260,000.00		260,000.00			15-Sep-2004		8.000%		NY - 80.00%		Paid Off - 360		01-Jul-2004

1000024333 1			284,000.00		282,314.36			01-Sep-2004		8.220%		CA - 80.00%		Paid Off - 360		01-Nov-2003
1000028180 1			271,200.00		269,199.17			01-Sep-2004		7.120%		CA - 80.00%		Paid Off - 360		01-Nov-2003
1000028236 1			67,800.00		67,590.10			01-Sep-2004		11.340%		CA - 100.00%		Paid Off - 180		01-Nov-2003
1000030307 1			226,000.00		224,396.44			13-Sep-2004		7.320%		CA - 78.47%		Paid Off - 360		01-Nov-2003
1000030363 1			175,000.00		173,631.54			01-Sep-2004		6.820%		CA - 87.50%		Paid Off - 360		01-Nov-2003
1000031678 1			156,000.00		154,877.84			01-Sep-2004		7.250%		CA - 34.51%		Paid Off - 360		01-Nov-2003
1000032309 1			233,600.00		228,304.56			15-Sep-2004		8.500%		CA - 80.00%		Paid Off - 180		01-Dec-2003
1000033119 1			236,000.00		233,942.09			16-Aug-2004		6.250%		CA - 80.00%		Paid Off - 360		01-Nov-2003
1000033142 1			59,000.00		58,746.70			16-Aug-2004		9.800%		CA - 100.00%		Paid Off - 180		01-Nov-2003
1000033502 1			168,000.00		166,603.09			01-Sep-2004		6.500%		CA - 80.00%		Paid Off - 360		01-Nov-2003
1000033513 1			42,000.00		41,859.84			01-Sep-2004		10.990%		CA - 100.00%		Paid Off - 180		01-Nov-2003
1000033760 1			413,000.00		410,246.52			01-Sep-2004		7.020%		CA - 79.42%		Paid Off - 360		01-Dec-2003
1000034110 1			446,000.00		442,612.27			01-Sep-2004		6.970%		CA - 68.62%		Paid Off - 360		01-Nov-2003
1000035010 1			120,080.00		119,193.21			20-Aug-2004		6.490%		CA - 80.00%		Paid Off - 360		01-Dec-2003
1000035065 1			30,020.00		29,929.41			20-Aug-2004		10.890%		CA - 100.00%		Paid Off - 180		01-Dec-2003
1000035188 1			272,000.00		269,837.91			24-Aug-2004		6.760%		CA - 80.00%		Paid Off - 360		01-Nov-2003
1000035212 1			68,000.00		67,737.72			24-Aug-2004		10.500%		CA - 100.00%		Paid Off - 180		01-Nov-2003
1000035290 1			240,000.00		238,220.71			03-Sep-2004		6.500%		CA - 82.76%		Paid Off - 360		01-Dec-2003
1000035739 1			282,200.00		280,326.56			01-Sep-2004		8.090%		CA - 85.00%		Paid Off - 360		01-Nov-2003
1000035908 1			154,000.00		152,881.36			03-Sep-2004		7.200%		CA - 67.84%		Paid Off - 360		01-Nov-2003
1000035997 1			95,000.00		94,380.13			02-Sep-2004		7.970%		CA - 65.52%		Paid Off - 360		01-Nov-2003
1000036167 1			148,000.00		147,100.02			01-Sep-2004		7.490%		IL - 84.57%		Paid Off - 360		01-Dec-2003
1000037023 1			102,800.00		102,159.90			01-Sep-2004		7.370%		CA - 80.00%		Paid Off - 360		01-Dec-2003
1000037056 1			25,700.00		25,621.61			01-Sep-2004		10.840%		CA - 100.00%		Paid Off - 180		01-Dec-2003
1000037674 1			159,920.00		158,745.76			01-Sep-2004		6.520%		CA - 80.00%		Paid Off - 360		01-Dec-2003
1000037685 1			39,980.00		39,876.31			01-Sep-2004		11.590%		CA - 100.00%		Paid Off - 180		01-Dec-2003
1000037900 1			166,500.00		165,259.42			01-Sep-2004		6.920%		CA - 90.00%		Paid Off - 360		01-Dec-2003
1000037911 1			360,000.00		357,410.48			10-Sep-2004		7.250%		CA - 80.00%		Paid Off - 360		01-Nov-2003
1000037944 1			136,800.00		135,882.60			01-Sep-2004		6.990%		CA - 80.00%		Paid Off - 360		01-Dec-2003
1000037977 1			34,200.00		34,104.49			01-Sep-2004		11.250%		CA - 100.00%		Paid Off - 180		01-Dec-2003
1000038080 1			360,000.00		358,193.14			01-Sep-2004		8.450%		CA - 90.00%		Paid Off - 360		01-Dec-2003
1000038170 1			171,200.00		169,899.88			08-Sep-2004		6.990%		CA - 80.00%		Paid Off - 360		01-Nov-2003
1000038204 1			42,800.00		42,656.17			08-Sep-2004		11.000%		CA - 100.00%		Paid Off - 180		01-Nov-2003
1000038260 1			180,000.00		179,031.95			01-Sep-2004		7.420%		CA - 76.60%		Paid Off - 360		01-Jan-2004
1000038440 1			133,125.00		132,356.07			01-Sep-2004		7.750%		CO - 75.00%		Paid Off - 360		01-Dec-2003
1000039159 1			189,000.00		187,428.60			01-Sep-2004		6.990%		CA - 90.00%		Paid Off - 360		01-Dec-2003
1000039609 1			174,400.00		173,107.14			01-Sep-2004		6.470%		CA - 80.00%		Paid Off - 360		01-Dec-2003




Page 19 of 33
Soundview Home Loan Trust 2004-1

Asset Backed Certificates

REMIC 2004-1

September 27, 2004 Distribution

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

1000039621 1			43,600.00		43,469.88			01-Sep-2004		10.940%		CA - 100.00%		Paid Off - 180		01-Dec-2003

1000039687 1			216,750.00		215,227.30			01-Sep-2004		6.750%		CO - 85.00%		Paid Off - 360		01-Dec-2003
1000040285 1			347,800.00		345,503.64			01-Sep-2004		7.070%		CA - 94.00%		Paid Off - 360		01-Dec-2003
1000040386 1			168,720.00		167,383.12			01-Sep-2004		6.120%		CA - 80.00%		Paid Off - 360		01-Dec-2003
1000040409 1			42,180.00		42,055.41			01-Sep-2004		10.990%		CA - 100.00%		Paid Off - 180		01-Dec-2003
1000040487 1			220,000.00		218,561.55			13-Sep-2004		7.120%		CA - 80.00%		Paid Off - 360		01-Dec-2003
1000040522 1			275,000.00		273,441.01			16-Aug-2004		7.170%		CA - 57.29%		Paid Off - 360		01-Jan-2004
1000040689 1			160,000.00		158,636.91			26-Aug-2004		6.220%		CA - 78.82%		Paid Off - 360		01-Dec-2003
1000041073 1			272,000.00		270,089.18			20-Aug-2004		6.750%		CA - 80.00%		Paid Off - 360		01-Dec-2003
1000041983 1			224,000.00		222,569.50			01-Sep-2004		7.250%		CA - 80.00%		Paid Off - 360		01-Dec-2003
1000042298 1			182,750.00		181,662.57			16-Aug-2004		7.600%		CA - 85.00%		Paid Off - 360		01-Dec-2003
1000042311 1			220,000.00		218,945.73			01-Sep-2004		8.000%		CA - 80.00%		Paid Off - 360		01-Jan-2004
1000042489 1			247,200.00		245,624.25			01-Sep-2004		7.250%		CA - 80.00%		Paid Off - 360		01-Dec-2003
1000042513 1			61,800.00		61,617.54			01-Sep-2004		10.990%		CA - 100.00%		Paid Off - 180		01-Dec-2003
1000042636 1			256,500.00		254,670.08			01-Sep-2004		6.670%		CA - 95.00%		Paid Off - 360		01-Dec-2003
1000043390 1			224,000.00		222,711.17			20-Aug-2004		7.770%		CA - 80.00%		Paid Off - 360		01-Dec-2003
1000044032 1			268,800.00		266,670.31			01-Sep-2004		6.000%		CA - 80.00%		Paid Off - 360		01-Dec-2003
1000044087 1			67,200.00		66,745.18			01-Sep-2004		6.000%		CA - 100.00%		Paid Off - 180		01-Dec-2003
1000044324 1			172,500.00		171,406.19			03-Sep-2004		7.300%		CA - 75.00%		Paid Off - 360		01-Dec-2003
1000044694 1			345,000.00		343,417.39			01-Sep-2004		8.270%		CA - 75.00%		Paid Off - 360		01-Jan-2004
1000044762 1			218,650.00		217,246.82			23-Aug-2004		7.250%		CA - 61.59%		Paid Off - 360		01-Dec-2003
1000044997 1			200,000.00		198,887.39			19-Aug-2004		7.250%		CA - 51.28%		Paid Off - 360		01-Jan-2004
1000045257 1			191,250.00		190,224.07			17-Aug-2004		8.120%		CA - 85.00%		Paid Off - 360		01-Dec-2003
1000045684 1			275,000.00		273,155.83			18-Aug-2004		6.990%		CA - 100.00%		Paid Off - 360		01-Dec-2003
1000046023 1			210,400.00		208,911.60			01-Sep-2004		6.000%		CA - 80.00%		Paid Off - 360		01-Jan-2004
1000046078 1			52,600.00		52,464.72			01-Sep-2004		10.990%		CA - 100.00%		Paid Off - 180		01-Jan-2004
1000046719 1			216,000.00		214,810.71			01-Sep-2004		7.990%		CA - 90.00%		Paid Off - 360		01-Dec-2003
1000047248 1			287,100.00		285,083.10			01-Sep-2004		6.750%		CA - 90.00%		Paid Off - 360		01-Dec-2003
1000047912 1			245,600.00		243,952.95			17-Aug-2004		6.990%		CA - 80.00%		Paid Off - 360		01-Dec-2003
1000047945 1			61,400.00		61,218.69			17-Aug-2004		10.990%		CA - 100.00%		Paid Off - 180		01-Dec-2003
1000047990 1			212,500.00		211,313.50			01-Sep-2004		7.920%		CA - 85.00%		Paid Off - 360		01-Dec-2003
1000048520 1			364,000.00		362,252.23			01-Sep-2004		7.990%		CA - 100.00%		Paid Off - 360		01-Jan-2004
1000048890 1			169,600.00		168,675.25			01-Sep-2004		7.350%		CA - 78.88%		Paid Off - 360		01-Jan-2004
1000048968 1			179,100.00		178,107.97			23-Aug-2004		7.270%		CA - 90.00%		Paid Off - 360		01-Jan-2004
1000049059 1			320,000.00		318,034.73			13-Aug-2004		6.740%		CA - 80.00%		Paid Off - 360		01-Jan-2004
1000049105 1			80,000.00		79,805.05			13-Aug-2004		11.240%		CA - 100.00%		Paid Off - 180		01-Jan-2004
1000049677 1			244,000.00		242,719.71			20-Aug-2004		7.620%		CA - 80.00%		Paid Off - 360		01-Jan-2004
1000049880 1			203,000.00		201,842.35			01-Sep-2004		7.125%		CA - 88.26%		Paid Off - 360		01-Jan-2004




Page 20 of 33
Soundview Home Loan Trust 2004-1

Asset Backed Certificates

REMIC 2004-1

September 27, 2004 Distribution

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

1000050703 1			260,000.00		258,390.81			01-Sep-2004		6.700%		CA - 80.00%		Paid Off - 360		01-Jan-2004

1000050747 1			65,000.00		64,814.30			01-Sep-2004		10.500%		CA - 100.00%		Paid Off - 180		01-Jan-2004
1000050882 1			200,940.00		199,689.11			01-Sep-2004		6.670%		CA - 80.00%		Paid Off - 360		01-Jan-2004
1000050961 1			50,235.00		50,112.56			01-Sep-2004		11.240%		CA - 100.00%		Paid Off - 180		01-Jan-2004
1000051085 1			115,000.00		114,478.04			31-Aug-2004		8.270%		CA - 65.71%		Paid Off - 360		01-Jan-2004
1000051322 1			388,000.00		385,502.64			23-Aug-2004		6.920%		CA - 80.00%		Paid Off - 360		01-Jan-2004
1000051344 1			97,000.00		96,435.53			23-Aug-2004		10.990%		CA - 100.00%		Paid Off - 180		01-Jan-2004
1000051456 1			321,300.00		319,631.96			01-Sep-2004		7.620%		CA - 90.00%		Paid Off - 360		01-Jan-2004
1000051614 1			205,000.00		204,142.19			01-Sep-2004		8.670%		CA - 97.62%		Paid Off - 360		01-Jan-2004
1000052075 1			404,800.00		402,240.99			01-Sep-2004		6.590%		CA - 80.00%		Paid Off - 360		01-Jan-2004
1000052132 1			247,300.00		246,143.72			01-Sep-2004		7.370%		CA - 80.00%		Paid Off - 360		01-Feb-2004
1000052143 1			101,200.00		100,950.78			01-Sep-2004		11.190%		CA - 100.00%		Paid Off - 180		01-Jan-2004
1000052176 1			61,825.00		61,697.78			01-Sep-2004		11.340%		CA - 100.00%		Paid Off - 180		01-Feb-2004
1000052266 1			198,000.00		197,270.40			01-Sep-2004		8.520%		CA - 89.59%		Paid Off - 360		01-Feb-2004
1000052424 1			61,000.00		60,847.44			20-Aug-2004		11.590%		CA - 100.00%		Paid Off - 180		01-Jan-2004
1000052659 1			180,000.00		178,134.93			01-Sep-2004		6.500%		CA - 60.40%		Paid Off - 360		01-Jan-2004
1000053155 1			187,500.00		186,401.29			14-Sep-2004		6.990%		CA - 75.00%		Paid Off - 360		01-Jan-2004
1000053188 1			304,000.00		302,569.53			02-Sep-2004		8.095%		CA - 95.00%		Paid Off - 360		01-Jan-2004
1000053201 1			319,600.00		318,019.05			01-Sep-2004		7.920%		CA - 85.00%		Paid Off - 360		01-Jan-2004
1000053245 1			204,750.00		203,708.73			31-Aug-2004		7.945%		CA - 65.00%		Paid Off - 360		01-Jan-2004
1000053504 1			222,400.00		221,098.83			01-Sep-2004		6.990%		CA - 80.00%		Paid Off - 360		01-Jan-2004
1000053616 1			55,600.00		55,441.18			01-Sep-2004		10.500%		CA - 100.00%		Paid Off - 180		01-Jan-2004
1000053986 1			220,000.00		218,958.66			01-Sep-2004		7.270%		CA - 80.00%		Paid Off - 360		01-Feb-2004
1000054044 1			55,000.00		54,889.35			01-Sep-2004		11.390%		CA - 100.00%		Paid Off - 180		01-Feb-2004
1000054202 1			237,000.00		235,817.26			15-Sep-2004		7.000%		CA - 100.00%		Paid Off - 360		01-Feb-2004
1000054235 1			150,000.00		149,233.57			31-Aug-2004		6.875%		CO - 82.42%		Paid Off - 360		01-Feb-2004
1000054459 1			195,500.00		194,237.01			01-Sep-2004		7.375%		CA - 85.00%		Paid Off - 360		01-Jan-2004
1000054493 1			146,000.00		145,222.52			15-Sep-2004		7.470%		CA - 80.00%		Paid Off - 360		01-Jan-2004
1000054549 1			36,500.00		36,414.83			15-Sep-2004		11.440%		CA - 100.00%		Paid Off - 180		01-Jan-2004
1000054550 1			356,250.00		354,583.57			01-Sep-2004		8.120%		CA - 75.00%		Paid Off - 360		01-Jan-2004
1000055382 1			308,750.00		307,267.09			01-Sep-2004		7.245%		CA - 95.00%		Paid Off - 360		01-Feb-2004
1000055539 1			125,600.00		124,971.96			09-Sep-2004		6.990%		CA - 80.00%		Paid Off - 360		01-Feb-2004
1000055922 1			246,500.00		245,037.08			01-Sep-2004		6.970%		CA - 85.00%		Paid Off - 360		01-Jan-2004
1000056271 1			51,800.00		51,457.92			01-Sep-2004		10.750%		CA - 100.00%		Paid Off - 180		01-Jan-2004
1000057126 1			380,000.00		377,816.57			01-Sep-2004		6.270%		CA - 80.00%		Paid Off - 360		01-Feb-2004
1000057182 1			95,000.00		94,810.91			01-Sep-2004		11.440%		CA - 100.00%		Paid Off - 180		01-Feb-2004
1000057407 1			192,000.00		190,994.09			01-Sep-2004		6.750%		CA - 80.00%		Paid Off - 360		01-Feb-2004
1000057429 1			48,000.00		47,889.06			01-Sep-2004		10.750%		CA - 100.00%		Paid Off - 180		01-Feb-2004




Page 21 of 33
Soundview Home Loan Trust 2004-1

Asset Backed Certificates

REMIC 2004-1

September 27, 2004 Distribution

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

1000057878 1			204,000.00		203,318.69			18-Aug-2004		9.000%		CA - 75.00%		Paid Off - 360		01-Feb-2004

1000060861 1			31,400.00		31,334.87			09-Sep-2004		11.250%		CA - 100.00%		Paid Off - 180		01-Feb-2004
1000060995 1			160,000.00		159,209.54			01-Sep-2004		7.170%		CA - 80.00%		Paid Off - 360		01-Feb-2004
1000061075 1			40,000.00		39,918.59			01-Sep-2004		11.340%		CA - 100.00%		Paid Off - 180		01-Feb-2004
1000062201 1			280,000.00		278,731.01			31-Aug-2004		7.490%		CA - 80.00%		Paid Off - 360		01-Feb-2004
1000091018 1			245,000.00		244,506.30			07-Sep-2004		6.450%		NY - 68.06%		Paid Off - 360		01-Jul-2004
1000130397 1			7,450.00		6,600.15			07-Sep-2004		12.240%		CA - 95.00%		Paid Off - 60		01-Dec-2003
1000134249 1			61,000.00		60,509.52			02-Sep-2004		12.310%		NV - 100.00%		Paid Off - 240		01-Jan-2004
1000134921 1			16,250.00		15,944.84			01-Sep-2004		11.990%		CA - 95.00%		Paid Off - 180		01-Dec-2003
1000135358 1			29,400.00		29,152.78			02-Sep-2004		12.900%		CA - 100.00%		Paid Off - 240		01-Dec-2003
1000135502 1			87,000.00		86,142.47			03-Sep-2004		10.750%		CA - 100.00%		Paid Off - 240		01-Jan-2004
1000136295 1			97,200.00		96,501.41			27-Aug-2004		13.150%		CA - 100.00%		Paid Off - 240		01-Jan-2004
1000136595 1			15,500.00		14,876.35			15-Sep-2004		10.490%		CA - 95.00%		Paid Off - 120		01-Jan-2004
1000136873 1			18,800.00		18,377.44			15-Sep-2004		10.490%		CA - 100.00%		Paid Off - 180		01-Dec-2003
1000137351 1			99,200.00		98,253.16			15-Sep-2004		11.500%		CA - 100.00%		Paid Off - 240		01-Jan-2004
1000137553 1			63,000.00		62,436.49			01-Sep-2004		11.500%		MD - 100.00%		Paid Off - 240		01-Jan-2004
1000138075 1			20,000.00		19,667.94			02-Sep-2004		11.990%		CA - 95.00%		Paid Off - 180		01-Jan-2004
1000138281 1			100,000.00		98,901.39			07-Sep-2004		9.900%		CA - 100.00%		Paid Off - 240		01-Jan-2004
1000138876 1			12,750.00		12,284.31			30-Aug-2004		11.750%		CA - 94.58%		Paid Off - 120		01-Jan-2004
1000139298 1			90,980.00		90,053.97			09-Sep-2004		10.500%		CA - 100.00%		Paid Off - 240		01-Jan-2004
1000139326 1			48,390.00		47,897.45			02-Sep-2004		10.500%		CA - 100.00%		Paid Off - 240		01-Jan-2004
1000139443 1			75,000.00		74,412.01			15-Sep-2004		11.000%		CA - 100.00%		Paid Off - 240		01-Jan-2004
1000139449 1			47,508.00		47,024.38			15-Sep-2004		11.000%		CA - 100.00%		Paid Off - 240		01-Jan-2004
1000139452 1			11,000.00		10,603.54			15-Sep-2004		13.000%		CA - 95.00%		Paid Off - 120		01-Jan-2004
1000139458 1			13,475.00		12,938.83			27-Aug-2004		11.999%		CA - 95.00%		Paid Off - 120		01-Jan-2004
1000139539 1			24,850.00		23,929.70			15-Sep-2004		12.000%		CA - 95.00%		Paid Off - 120		01-Jan-2004
1000139838 1			47,580.00		47,168.15			10-Sep-2004		11.750%		WI - 100.00%		Paid Off - 240		01-Jan-2004
1000140130 1			15,000.00		14,459.68			10-Sep-2004		11.999%		CA - 95.00%		Paid Off - 120		01-Jan-2004
1000140784 1			67,200.00		66,579.03			15-Sep-2004		11.750%		CA - 100.00%		Paid Off - 240		01-Jan-2004
1000140828 1			49,000.00		48,467.77			07-Sep-2004		9.990%		CA - 100.00%		Paid Off - 240		01-Jan-2004
1000141025 1			12,100.00		11,670.16			02-Sep-2004		12.250%		CA - 95.00%		Paid Off - 120		01-Jan-2004
1000141029 1			64,600.00		64,119.83			15-Sep-2004		13.400%		CA - 100.00%		Paid Off - 240		01-Jan-2004
1000141568 1			79,000.00		78,244.57			13-Sep-2004		10.990%		CA - 100.00%		Paid Off - 240		01-Jan-2004
1000142346 1			60,788.00		60,249.00			15-Sep-2004		11.000%		CA - 100.00%		Paid Off - 240		01-Feb-2004
1000142439 1			60,000.00		59,532.72			02-Sep-2004		11.500%		CA - 100.00%		Paid Off - 240		01-Feb-2004
1000142615 1			96,556.00		95,779.07			15-Sep-2004		11.750%		PA - 100.00%		Paid Off - 240		01-Feb-2004
1000142627 1			67,000.00		66,380.89			15-Sep-2004		11.750%		CA - 100.00%		Paid Off - 240		01-Jan-2004
1000142732 1			125,000.00		123,658.33			15-Sep-2004		9.490%		CA - 95.96%		Paid Off - 240		01-Feb-2004




Page 22 of 33
Soundview Home Loan Trust 2004-1

Asset Backed Certificates

REMIC 2004-1

September 27, 2004 Distribution

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

1000142879 1			35,730.00		35,422.78			15-Sep-2004		10.000%		CA - 100.00%		Paid Off - 240		01-Mar-2004

1000143007 1			40,980.00		40,718.43			03-Sep-2004		13.000%		CA - 100.00%		Paid Off - 240		01-Feb-2004
1000143297 1			39,180.00		38,874.45			07-Sep-2004		11.490%		CA - 100.00%		Paid Off - 240		01-Feb-2004
1000143521 1			40,000.00		39,728.34			15-Sep-2004		13.050%		IL - 100.00%		Paid Off - 240		01-Feb-2004
1000144042 1			76,000.00		75,132.66			15-Sep-2004		9.490%		CA - 100.00%		Paid Off - 240		01-Feb-2004
1000144256 1			37,000.00		36,729.80			15-Sep-2004		12.490%		CA - 100.00%		Paid Off - 240		01-Feb-2004
1000144325 1			6,625.00		6,043.32			02-Sep-2004		12.249%		NH - 95.00%		Paid Off - 60		01-Feb-2004
1000144742 1			76,000.00		75,445.07			15-Sep-2004		12.490%		CA - 100.00%		Paid Off - 240		01-Feb-2004
1000144931 1			8,000.00		7,306.12			15-Sep-2004		13.250%		OR - 95.00%		Paid Off - 60		01-Feb-2004
1000145066 1			77,800.00		75,233.11			10-Sep-2004		11.990%		CA - 100.00%		Paid Off - 120		01-Feb-2004
1000145224 1			65,200.00		64,724.56			15-Sep-2004		12.500%		CA - 100.00%		Paid Off - 240		01-Feb-2004
1000145393 1			9,750.00		9,444.11			15-Sep-2004		12.500%		CA - 80.00%		Paid Off - 120		01-Feb-2004
1000146473 1			9,550.00		8,675.35			15-Sep-2004		11.000%		CA - 95.00%		Paid Off - 60		01-Feb-2004
1000146681 1			21,250.00		20,525.19			09-Sep-2004		10.490%		CA - 95.00%		Paid Off - 120		01-Feb-2004
1000147012 1			35,600.00		35,355.40			02-Sep-2004		12.450%		NV - 100.00%		Paid Off - 240		01-Feb-2004
1000150199 1			56,000.00		55,576.23			15-Sep-2004		11.000%		VA - 100.00%		Paid Off - 240		01-Mar-2004
1000150681 1			74,000.00		73,440.01			15-Sep-2004		11.000%		AZ - 100.00%		Paid Off - 240		01-Mar-2004
1000152657 1			7,300.00		7,107.50			15-Sep-2004		12.749%		NV - 95.00%		Paid Off - 120		01-Mar-2004
1310001917 1			69,000.00		67,853.14			15-Sep-2004		7.000%		GA - 69.00%		Paid Off - 360		01-Jun-2003
1701100589 1			681,000.00		672,265.29			15-Sep-2004		8.250%		CA - 79.65%		Paid Off - 360		01-Apr-2003
1701100657 1			1,000,000.00		983,177.54			15-Sep-2004		6.750%		CA - 80.00%		Paid Off - 360		01-Apr-2003
1701100854 1			234,000.00		230,305.32			15-Sep-2004		6.750%		CA - 90.00%		Paid Off - 360		01-May-2003
4303003398 1			45,000.00		44,923.53			27-Aug-2004		10.750%		NY - 93.44%		Paid Off - 360		01-May-2004
4303003655 1			299,250.00		299,250.00			01-Sep-2004		7.250%		NY - 75.00%		Paid Off - 360		01-Jun-2004
4303004210 1			209,250.00		208,607.21			02-Sep-2004		7.875%		NY - 75.00%		Paid Off - 360		01-Jun-2004
4303004597 1			507,500.00		507,500.00			07-Sep-2004		7.500%		NY - 75.00%		Paid Off - 360		01-Jul-2004
5000074885 1			70,200.00		69,562.66			15-Sep-2004		11.900%		MN - 95.00%		Paid Off - 240		01-Jan-2004
5000075288 1			55,000.00		54,418.11			15-Sep-2004		11.650%		CO - 100.00%		Paid Off - 240		01-Dec-2003
5000075923 1			125,000.00		123,918.00			15-Sep-2004		12.250%		OH - 97.66%		Paid Off - 240		01-Jan-2004
5000078056 1			6,500.00		5,840.48			15-Sep-2004		11.999%		IL - 90.00%		Paid Off - 60		01-Jan-2004
5000078124 1			38,000.00		37,696.30			15-Sep-2004		13.490%		IL - 100.00%		Paid Off - 240		01-Jan-2004
5000078292 1			8,250.00		7,960.84			15-Sep-2004		12.490%		IL - 95.00%		Paid Off - 120		01-Jan-2004
5000078849 1			7,725.00		6,519.93			07-Sep-2004		12.999%		TX - 95.00%		Paid Off - 120		01-Jan-2004
5000079076 1			75,400.00		74,876.00			09-Sep-2004		13.400%		MN - 100.00%		Paid Off - 240		01-Jan-2004
5000079484 1			34,200.00		33,946.82			15-Sep-2004		13.650%		IL - 100.00%		Paid Off - 240		01-Jan-2004
5000079597 1			19,000.00		18,753.52			02-Sep-2004		13.150%		OH - 100.00%		Paid Off - 180		01-Feb-2004
5000079884 1			5,125.00		4,605.42			03-Sep-2004		11.990%		OH - 95.00%		Paid Off - 60		01-Jan-2004
5000080021 1			16,480.00		16,222.55			15-Sep-2004		13.150%		IA - 100.00%		Paid Off - 180		01-Jan-2004




Page 23 of 33
Soundview Home Loan Trust 2004-1

Asset Backed Certificates

REMIC 2004-1

September 27, 2004 Distribution

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

5000081169 1			68,750.00		68,054.70			27-Aug-2004		10.550%		CO - 100.00%		Paid Off - 240		01-Jan-2004

5000081921 1			20,926.00		20,623.77			01-Sep-2004		11.999%		CO - 95.00%		Paid Off - 180		01-Feb-2004
5000082477 1			67,000.00		66,435.75			15-Sep-2004		11.400%		IL - 100.00%		Paid Off - 240		01-Feb-2004
5000086061 1			5,100.00		4,724.36			02-Sep-2004		12.999%		WI - 95.00%		Paid Off - 60		01-Mar-2004
5201472400 1			80,000.00		79,023.11			08-Sep-2004		7.250%		CT - 55.17%		Paid Off - 360		01-Jun-2003
6000072251 1			5,500.00		5,279.07			15-Sep-2004		12.750%		FL - 95.00%		Paid Off - 120		01-Dec-2003
6000075126 1			19,600.00		18,870.48			15-Sep-2004		11.910%		VA - 100.00%		Paid Off - 120		01-Jan-2004
6000075522 1			19,000.00		18,691.72			15-Sep-2004		12.740%		NJ - 95.00%		Paid Off - 180		01-Jan-2004
6000076304 1			62,000.00		61,373.14			15-Sep-2004		12.000%		FL - 100.00%		Paid Off - 240		01-Dec-2003
6000076515 1			55,000.00		54,523.94			15-Sep-2004		12.250%		NJ - 100.00%		Paid Off - 240		01-Jan-2004
6000077719 1			30,600.00		30,360.12			15-Sep-2004		13.000%		PA - 100.00%		Paid Off - 240		01-Jan-2004
6000078155 1			35,120.00		34,844.79			15-Sep-2004		13.150%		FL - 100.00%		Paid Off - 240		01-Jan-2004
6000078245 1			53,200.00		52,809.36			10-Sep-2004		12.990%		NJ - 100.00%		Paid Off - 240		01-Jan-2004
6000078297 1			42,900.00		42,289.86			15-Sep-2004		14.150%		CO - 100.00%		Paid Off - 180		01-Jan-2004
6000079557 1			8,100.00		7,278.17			15-Sep-2004		12.499%		CT - 95.00%		Paid Off - 60		01-Jan-2004
6000081439 1			6,250.00		5,490.03			08-Sep-2004		10.350%		MD - 95.00%		Paid Off - 60		01-Jan-2004
6000082721 1			36,710.00		36,404.42			02-Sep-2004		10.990%		FL - 100.00%		Paid Off - 240		01-Feb-2004
6000083205 1			24,600.00		23,966.85			07-Sep-2004		12.700%		FL - 100.00%		Paid Off - 120		01-Mar-2004
6000084063 1			21,547.00		19,593.51			10-Sep-2004		11.000%		MD - 94.05%		Paid Off - 60		01-Feb-2004
6000084515 1			53,400.00		53,097.50			02-Sep-2004		12.700%		FL - 100.00%		Paid Off - 240		01-Mar-2004
6000085949 1			28,200.00		28,018.70			15-Sep-2004		12.250%		MD - 100.00%		Paid Off - 240		01-Mar-2004
6000085989 1			17,200.00		17,065.56			10-Sep-2004		10.250%		OH - 100.00%		Paid Off - 240		01-Mar-2004
7000082823 1			10,375.00		9,958.25			02-Sep-2004		12.250%		NJ - 95.00%		Paid Off - 120		01-Dec-2003
7000085097 1			48,990.00		48,027.37			02-Sep-2004		11.500%		CA - 100.00%		Paid Off - 180		01-Dec-2003
7000085673 1			58,400.00		57,981.31			15-Sep-2004		13.400%		NJ - 100.00%		Paid Off - 240		01-Jan-2004
7000085679 1			59,000.00		58,321.39			15-Sep-2004		11.000%		CA - 100.00%		Paid Off - 240		01-Dec-2003
7000085811 1			25,600.00		25,348.48			15-Sep-2004		12.250%		CA - 100.00%		Paid Off - 240		01-Dec-2003
7000086014 1			6,800.00		6,586.73			15-Sep-2004		12.499%		NJ - 95.00%		Paid Off - 120		01-Feb-2004
7000086343 1			81,275.00		80,498.31			15-Sep-2004		11.490%		NV - 100.00%		Paid Off - 240		01-Jan-2004
7000086443 1			17,700.00		17,344.59			01-Sep-2004		11.250%		NV - 95.00%		Paid Off - 180		01-Dec-2003
7000086929 1			8,503.00		7,544.57			07-Sep-2004		12.750%		NC - 95.00%		Paid Off - 60		01-Dec-2003
7000087439 1			21,475.00		21,185.72			15-Sep-2004		13.249%		WA - 81.00%		Paid Off - 180		01-Feb-2004
7000087487 1			47,037.00		46,698.95			03-Sep-2004		13.150%		CA - 95.00%		Paid Off - 240		01-Jan-2004
7000087585 1			125,000.00		123,642.34			#######		10.490%		HI - 95.17%		Paid Off - 240		01-Jan-2004
7000087821 1			7,900.00		7,615.41			03-Sep-2004		11.999%		CA - 95.00%		Paid Off - 120		01-Jan-2004
7000088062 1			5,000.00		4,561.00			15-Sep-2004		12.750%		WA - 90.00%		Paid Off - 60		01-Feb-2004
7000088079 1			14,400.00		14,175.03			15-Sep-2004		13.150%		NJ - 100.00%		Paid Off - 180		01-Jan-2004
7000088309 1			28,600.00		28,335.74			15-Sep-2004		11.750%		WA - 100.00%		Paid Off - 240		01-Jan-2004




Page 24 of 33
Soundview Home Loan Trust 2004-1

Asset Backed Certificates

REMIC 2004-1

September 27, 2004 Distribution

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

7000088367 1			45,000.00		43,982.50			15-Sep-2004		13.400%		CA - 100.00%		Paid Off - 240		01-Jan-2004

7000088558 1			25,000.00		24,638.51			15-Sep-2004		12.490%		CA - 94.72%		Paid Off - 180		01-Feb-2004
7000088634 1			19,400.00		19,186.79			02-Sep-2004		9.900%		AZ - 100.00%		Paid Off - 240		01-Jan-2004
7000088854 1			70,000.00		69,295.10			15-Sep-2004		10.000%		CA - 100.00%		Paid Off - 240		01-Feb-2004
7000089087 1			86,675.00		85,207.22			15-Sep-2004		10.750%		CA - 100.00%		Paid Off - 180		01-Feb-2004
7000089160 1			70,000.00		69,436.75			14-Sep-2004		11.250%		CA - 100.00%		Paid Off - 240		01-Feb-2004
7000089210 1			61,800.00		61,250.75			15-Sep-2004		11.050%		HI - 100.00%		Paid Off - 240		01-Feb-2004
7000089791 1			25,000.00		24,638.62			07-Sep-2004		12.490%		CA - 95.00%		Paid Off - 180		01-Feb-2004
7000090970 1			9,500.00		9,206.23			02-Sep-2004		12.249%		WA - 95.00%		Paid Off - 120		01-Feb-2004
7000091110 1			74,398.00		73,916.77			25-Aug-2004		12.900%		CA - 100.00%		Paid Off - 240		01-Feb-2004
7000091346 1			96,400.00		95,487.62			08-Sep-2004		9.990%		CA - 100.00%		Paid Off - 240		01-Feb-2004
7000091555 1			58,000.00		57,612.06			02-Sep-2004		13.150%		CA - 94.87%		Paid Off - 240		01-Feb-2004
7000092516 1			44,872.00		44,509.94			01-Sep-2004		10.500%		CA - 100.00%		Paid Off - 240		01-Mar-2004
7000092873 1			9,000.00		8,759.13			07-Sep-2004		11.990%		CA - 95.00%		Paid Off - 120		01-Mar-2004
7000092883 1			36,000.00		35,709.54			02-Sep-2004		10.500%		CA - 100.00%		Paid Off - 240		01-Mar-2004
7000092982 1			27,000.00		26,799.62			27-Aug-2004		10.650%		OR - 100.00%		Paid Off - 240		01-Mar-2004
8000001880 1			7,250.00		6,988.78			27-Aug-2004		11.999%		NJ - 95.00%		Paid Off - 120		01-Jan-2004
8000001951 1			5,450.00		5,253.69			27-Aug-2004		11.999%		NJ - 95.00%		Paid Off - 120		01-Jan-2004
8000002408 1			7,750.00		7,478.49			07-Sep-2004		12.500%		CT - 80.00%		Paid Off - 120		01-Jan-2004
8000002539 1			60,000.00		59,551.77			31-Aug-2004		12.550%		NY - 100.00%		Paid Off - 240		01-Feb-2004
8000003873 1			8,750.00		8,483.24			03-Sep-2004		13.000%		NJ - 95.00%		Paid Off - 120		01-Feb-2004
9500422812 1			104,000.00		103,675.76			15-Sep-2004		7.800%		NJ - 69.33%		Paid Off - 360		06-Feb-2004
9500427597 1			360,000.00		358,773.57			15-Sep-2004		8.490%		CA - 75.00%		Paid Off - 360		22-Feb-2004
9500431276 1			120,000.00		117,995.63			15-Sep-2004		6.400%		NJ - 39.34%		Paid Off - 360		28-Feb-2004
9500461075 1			40,304.00		40,183.23			15-Sep-2004		8.000%		PA - 63.97%		Paid Off - 360		09-Apr-2004
9500463659 1			120,000.00		412.73			15-Sep-2004		7.850%		GA - 75.00%		Paid Off - 360		11-Apr-2004
9500465910 1			228,000.00		226,927.35			15-Sep-2004		5.650%		CA - 80.00%		Paid Off - 360		17-Apr-2004
9500467080 1			168,000.00		167,437.74			15-Sep-2004		7.440%		NV - 80.00%		Paid Off - 360		04-Apr-2004
9500467833 1			153,000.00		152,594.75			15-Sep-2004		7.150%		NJ - 90.00%		Paid Off - 360		16-Apr-2004
9500468088 1			121,500.00		121,052.77			15-Sep-2004		6.950%		MI - 90.00%		Paid Off - 360		11-Apr-2004
9500468302 1			200,000.00		199,270.87			15-Sep-2004		7.000%		CA - 80.00%		Paid Off - 360		10-Apr-2004
9500470662 1			116,080.00		115,745.11			15-Sep-2004		8.190%		CO - 80.00%		Paid Off - 360		12-Apr-2004
9500470670 1			144,000.00		143,579.98			15-Sep-2004		6.650%		CA - 80.00%		Paid Off - 360		16-Apr-2004
9500471553 1			370,500.00		369,010.74			15-Sep-2004		6.490%		MO - 95.00%		Paid Off - 360		16-Apr-2004
9500473286 1			65,625.00		65,407.96			15-Sep-2004		7.500%		TX - 75.00%		Paid Off - 360		12-Apr-2004
9500474458 1			85,000.00		84,689.52			15-Sep-2004		6.990%		TX - 78.70%		Paid Off - 360		16-Apr-2004
9500475935 1			115,200.00		114,840.85			15-Sep-2004		6.300%		KY - 90.00%		Paid Off - 360		22-Apr-2004
9500478343 1			388,000.00		386,413.53			15-Sep-2004		6.400%		CA - 80.00%		Paid Off - 360		25-Apr-2004




Page 25 of 33
Soundview Home Loan Trust 2004-1

Asset Backed Certificates

REMIC 2004-1

September 27, 2004 Distribution

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

9500479887 1			35,100.00		34,986.17			15-Sep-2004		7.600%		FL - 73.13%		Paid Off - 360		22-Apr-2004



TOTAL			42,198,729.00		41,792,954.80



Page 26 of 33
Soundview Home Loan Trust 2004-1

Asset Backed Certificates

REMIC 2004-1

September 27, 2004 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



											Group 2		Group 1		Total


*Current*




Number of Loans Liquidated												0		0
Collateral Principal Realized Loss/(Gain) Amount												0.00		0.00
Collateral Interest Realized Loss/(Gain) Amount												0.00		0.00
Net Liquidation Proceeds												0.00		0.00

*Cumulative*




Number of Loans Liquidated												0		0
Collateral Realized Loss/(Gain) Amount												0.00		0.00
Net Liquidation Proceeds												0.00		0.00










Page 27 of 33
Soundview Home Loan Trust 2004-1

Asset Backed Certificates

REMIC 2004-1

September 27, 2004 Distribution


DEFAULT SPEEDS



											Group 2		Group 1		Total



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


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


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


Loss Severity Approximation for Current Period												0.00%		0.00%
3 Months Avg Loss Severity Approximation												0.00%		0.00%
12 Months Avg Loss Severity Approximation												0.00%		0.00%
Avg Loss Severity Approximation Since Cut-off												0.00%		0.00%












Page 28 of 33
Soundview Home Loan Trust 2004-1

Asset Backed Certificates

REMIC 2004-1

September 27, 2004 Distribution





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 29 of 33
Soundview Home Loan Trust 2004-1

Asset Backed Certificates

REMIC 2004-1

September 27, 2004 Distribution
Realized Loss Detail Report
Loan Number			Original		Prior				Current		State &

														First
&			Principal		Principal		Realized		Note		LTV at		Original		Payment

Loan Group			Balance		Balance		Loss/(Gain)		Rate		Origination		Term		Date

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TOTAL



Page 30 of 33
Soundview Home Loan Trust 2004-1

Asset Backed Certificates

REMIC 2004-1

September 27, 2004 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS

										Group 2		Group 1		Total
Is there a TRIGGER in effect (0=No,1=Yes)														0
Has Stepdown Condition Occurred (0=No,1=Yes)														0


60 + Day Delinquent Balance
Ending Principal Balance												444,658,619.11		444,658,619.11
Delinquency Percentage														0.000000%


Certificate Balances OF MEZZANINE and C Certs														116,929,858.39
Credit Enhancement Percentage														0.240000%



ADJUSTABLE RATE CERTIFICATE INFORMATION

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ADDITIONAL INFORMATION

										Group 2		Group 1		Total
Current LIBOR														1.540000%
NEXT LIBOR														1.840000%




Page 31 of 33
Soundview Home Loan Trust 2004-1

Asset Backed Certificates

REMIC 2004-1

September 27, 2004 Distribution
Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

										NEXT PTR			CarryOver		CarryOver Paid
CLASS

			A-1							0.02%			0.00		0.00

			A-2							0.02%			0.00		0.00

			A-3							0.00%			0.00		0.00

			A-4							0.00%			0.00		0.00

			M-1							0.00%			0.00		0.00

			M-2							0.03%			0.00		0.00

			M-3							0.03%			0.00		0.00

			M-4							0.03%			0.00		0.00

			M-5							0.03%			0.00		0.00

			M-6							0.03%			0.00		0.00

			M-7							0.04%			0.00		0.00

			M-8							0.04%			0.00		0.00

			M-9							0.04%			0.00		3,318.09

			B-1							0.04%			0.00		3,981.70

			B-2							0.04%			0.01		3,318.08

			C							0.00%			0.00		0.00

			P							0.00%			0.00		0.00

			R							0.00%			0.00		0.00





Page 32 of 33
Soundview Home Loan Trust 2004-1

Asset Backed Certificates

REMIC 2004-1

September 27, 2004 Distribution
Other Related Information
ADDITIONAL INFORMATION

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Page 33 of 33

Filing Compare · SOUNDVIEW HOME LOAN TRUST 2004-1