
                                        UNITED STATES
                           SECURITIES AND EXCHANGE COMMISSION
                                 Washington, D.C.  20549


                                        FORM 8-K


                     Current Report Pursuant To Section 13 or 15(d) of
                            the Securities Exchange Act of 1934

           Date of Report (Date of earliest event reported):  July 25, 2005
                          (Date of earliest event reported)

           Financial Asset Securities Corporation (as Depositor under the
               Pooling and Servicing Agreement, dated as February 1, 2005,
               providing for the issuance of Soundview Home Loan Trust
         Series 2005-1 Asset-Backed Pass-Through Certificates, Series 2005-1)
                 (Exact name of registrant as specified in charter)


                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-121661-03                          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


(Former name or former address, if changed since last report.)

Check the appropriate 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. below):

[  ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)

[  ] Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act
(17 CFR 240.14a-12(b))

[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))

[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))


     Item 8.01  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 9.01 Financial Statements and Exhibits

     (c) Exhibits:

     Exhibit No. Description

     99.1 Monthly Remittance Statement to the Certificateholders dated as of
     July 25, 2005.

                                    Signatures

               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,
                                  in its capacity as Trustee under the
                                  Pooling and Servicing Agreement on
                                  behalf of Financial Asset Securities
                                  Corp, Registrant


          Date:  Jul 27, 2005               By:  /s/  Katherine M. Wannenmacher
                                            Katherine M. Wannenmacher
                                            Vice President


                                   EXHIBIT INDEX

          DOCUMENT

          99.1 Monthly Remittance Statement to the Certificateholders
          dated as of July 25, 2005.



Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 Distribution

				External Parties						Table of Contents

													Page
				Seller									Page
				Seller						1. Certificate Payment Report					2
				Greenwich Capital Markets						1. Certificate Payment Report					2
				Greenwich Capital Markets						2. Collection Account Report					6
										2. Collection Account Report					6
										3. Credit Enhancement Report					8
										4. Collateral Report					9
				Certificate Insurer(s)						5. Delinquency Report					12
				Certificate Insurer(s)						5. Delinquency Report					12
										6. REO Report					15

										7. Foreclosure Report					16
										8. Prepayment Report					17
										9. Prepayment Detail Report					20
										9. Prepayment Detail Report					20
										10. Realized Loss Report					24
										11. Realized Loss Detail Report					27
				Servicer(s)						11. Realized Loss Detail Report					27
				Servicer(s)						12. Triggers and Adj. Cert. Report					28
				Select Portfolio Servicing, LP						12. Triggers and Adj. Cert. Report					28
				Select Portfolio Servicing, LP						13. Additional Certificate Report					29
										13. Additional Certificate Report					29


				Underwriter(s)
				Greenwich Capital Markets


										Total Number of Pages					29
										Total Number of Pages

				Dates						Contacts

				Cut-Off Date:			February 01, 2005			Eiko Akiyama
				Close Date:			February 28, 2005			Administrator
				First Distribution Date:			March 25, 2005			(714) 247-6328

										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92514
				Distribution Date:			July 25, 2005
										Factor Information:			(800) 735-7777
				Record Date:			June 30, 2005			Factor Information:			(800) 735-7777
										Main Phone Number:			(714) 247-6000

							July 22, 2005
							July 22, 2005

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






Page 1 of 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 Distribution
Certificate Payment Report
Current Period Distribution - REMIC III
					Prior												Current
	Class		Original		Principal						Total		Realized		Deferred		Principal
	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)

I-A1	SR	$	241,800,000.00		207,121,555.39		579,035.00		9,462,697.86		10,041,732.86		0.00		0.00		197,658,857.53
I-A1	SR	$	241,800,000.00		207,121,555.39		579,035.00		9,462,697.86		10,041,732.86		0.00		0.00		197,658,857.53
I-A2	SR	$	60,427,000.00		51,760,687.46		147,119.17		2,364,774.38		2,511,893.55		0.00		0.00		49,395,913.08
II-A1	SR	$	123,000,000.00		93,889,524.92		250,796.24		13,846,511.57		14,097,307.81		0.00		0.00		80,043,013.35
II-A2	SR	$	127,000,000.00		127,000,000.00		353,069.31		0.00		353,069.31		0.00		0.00		127,000,000.00
II-A3	SR	$	32,440,000.00		32,440,000.00		93,465.62		0.00		93,465.62		0.00		0.00		32,440,000.00
M-1	MEZ,FLT	$	38,900,000.00		38,900,000.00		114,498.52		0.00		114,498.52		0.00		0.00		38,900,000.00
M-2	MEZ,FLT	$	25,285,000.00		25,285,000.00		75,014.02		0.00		75,014.02		0.00		0.00		25,285,000.00
M-3	MEZ,FLT	$	22,562,000.00		22,562,000.00		67,462.03		0.00		67,462.03		0.00		0.00		22,562,000.00
M-4	MEZ,FLT	$	19,450,000.00		19,450,000.00		61,182.48		0.00		61,182.48		0.00		0.00		19,450,000.00
M-5	MEZ,FLT	$	12,059,000.00		12,059,000.00		38,402.10		0.00		38,402.10		0.00		0.00		12,059,000.00
M-6	MEZ,FLT	$	10,892,000.00		10,892,000.00		39,090.98		0.00		39,090.98		0.00		0.00		10,892,000.00
M-7	MEZ,FLT	$	10,892,000.00		10,892,000.00		39,938.13		0.00		39,938.13		0.00		0.00		10,892,000.00
M-8	MEZ,FLT	$	7,391,000.00		7,391,000.00		27,388.30		0.00		27,388.30		0.00		0.00		7,391,000.00
M-9	MEZ,FLT	$	7,780,000.00		7,780,000.00		32,763.01		0.00		32,763.01		0.00		0.00		7,780,000.00
B-1	SUB, FLT	$	11,670,000.00		11,670,000.00		59,582.69		0.00		59,582.69		0.00		0.00		11,670,000.00
B-2	SUB, FLT	$	8,947,000.00		8,947,000.00		45,680.06		0.00		45,680.06		0.00		0.00		8,947,000.00
B-3	SUB, FLT	$	7,780,000.00		7,780,000.00		39,721.79		0.00		39,721.79		0.00		0.00		7,780,000.00
C	EXE	$	9,725,362.02		9,725,005.78		1,945,010.88		0.00		1,945,010.88		0.00		0.00		9,725,005.78
P	R	$	100.00		100.00		547,037.99		0.00		547,037.99		0.00		0.00		100.00
R	R	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
R-X	R	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			778,000,462.02		705,544,873.55		4,556,258.32		25,673,983.81		30,230,242.13		0.00		0.00		679,870,889.74
Total





Page 2 of 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 Distribution

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

									(1)		(1)		(2)		(3)		(4)=(2)+(3)	(5)
I-A1	06/27/05		07/24/05		A-Act/360		83611MCG1		241,800,000.00		856.582115		2.394686		39.134400		41.529085	817.447715
I-A2	06/27/05		07/24/05		A-Act/360		83611MCH9		60,427,000.00		856.582115		2.434660		39.134400		41.569059	817.447715
II-A1	06/27/05		07/24/05		A-Act/360		83611MCJ5		123,000,000.00		763.329471		2.038994		112.573265		114.612259	650.756206
II-A2	06/27/05		07/24/05		A-Act/360		83611MCK2		127,000,000.00		1,000.000000		2.780073		0.000000		2.780073	1,000.000000
II-A3	06/27/05		07/24/05		A-Act/360		83611MCL0		32,440,000.00		1,000.000000		2.881184		0.000000		2.881184	1,000.000000
M-1	06/27/05		07/24/05		A-Act/360		83611MCM8		38,900,000.00		1,000.000000		2.943407		0.000000		2.943407	1,000.000000
M-2	06/27/05		07/24/05		A-Act/360		83611MCN6		25,285,000.00		1,000.000000		2.966740		0.000000		2.966740	1,000.000000
M-3	06/27/05		07/24/05		A-Act/360		83611MCP1		22,562,000.00		1,000.000000		2.990073		0.000000		2.990073	1,000.000000
M-4	06/27/05		07/24/05		A-Act/360		83611MCQ9		19,450,000.00		1,000.000000		3.145629		0.000000		3.145629	1,000.000000
M-5	06/27/05		07/24/05		A-Act/360		83611MCR7		12,059,000.00		1,000.000000		3.184518		0.000000		3.184518	1,000.000000
M-6	06/27/05		07/24/05		A-Act/360		83611MCS5		10,892,000.00		1,000.000000		3.588963		0.000000		3.588963	1,000.000000
M-7	06/27/05		07/24/05		A-Act/360		83611MCT3		10,892,000.00		1,000.000000		3.666740		0.000000		3.666740	1,000.000000
M-8	06/27/05		07/24/05		A-Act/360		83611MCU0		7,391,000.00		1,000.000000		3.705628		0.000000		3.705628	1,000.000000
M-9	06/27/05		07/24/05		A-Act/360		83611MCV8		7,780,000.00		1,000.000000		4.211184		0.000000		4.211184	1,000.000000
B-1	06/27/05		07/24/05		A-Act/360		83611MCW6		11,670,000.00		1,000.000000		5.105629		0.000000		5.105629	1,000.000000
B-2	06/27/05		07/24/05		A-Act/360		83611MCX4		8,947,000.00		1,000.000000		5.105629		0.000000		5.105629	1,000.000000
B-3	06/27/05		07/24/05		A-Act/360		83611MCY2		7,780,000.00		1,000.000000		5.105629		0.000000		5.105629	1,000.000000
C	06/25/05		07/24/05		GC05S1101		9,725,362.02		999.963370		199.993674		0.000000		199.993674		999.963370
P	06/25/05		07/24/05		GC05S1102		100.00		1,000.000000		5,470,379.900000		0.000000		5,470,379.900000		1,000.000000
R	06/25/05		07/24/05		GC05S1103		0.00		0.000000		0.000000		0.000000		0.000000		0.000000
R-X	06/25/05		07/24/05		GC05S1104		0.00		0.000000		0.000000		0.000000		0.000000		0.000000




Page 3 of 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 Distribution

Distribution to Date - REMIC III
																	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)
I-A1	241,800,000.00		3,007,296.09		43,154,414.34		986,728.13		44,141,142.47		47,148,438.56		0.00		0.00		197,658,857.53
I-A2	60,427,000.00		765,349.87		10,784,498.75		246,588.17		11,031,086.92		11,796,436.79		0.00		0.00		49,395,913.08
II-A1	123,000,000.00		1,407,460.06		42,068,771.63		888,215.02		42,956,986.65		44,364,446.71		0.00		0.00		80,043,013.35
II-A2	127,000,000.00		1,688,721.25		0.00		0.00		0.00		1,688,721.25		0.00		0.00		127,000,000.00
II-A3	32,440,000.00		448,575.49		0.00		0.00		0.00		448,575.49		0.00		0.00		32,440,000.00
M-1	38,900,000.00		550,610.75		0.00		0.00		0.00		550,610.75		0.00		0.00		38,900,000.00
M-2	25,285,000.00		360,994.39		0.00		0.00		0.00		360,994.39		0.00		0.00		25,285,000.00
M-3	22,562,000.00		324,881.92		0.00		0.00		0.00		324,881.92		0.00		0.00		22,562,000.00
M-4	19,450,000.00		295,954.79		0.00		0.00		0.00		295,954.79		0.00		0.00		19,450,000.00
M-5	12,059,000.00		185,954.00		0.00		0.00		0.00		185,954.00		0.00		0.00		12,059,000.00
M-6	10,892,000.00		191,085.81		0.00		0.00		0.00		191,085.81		0.00		0.00		10,892,000.00
M-7	10,892,000.00		195,533.38		0.00		0.00		0.00		195,533.38		0.00		0.00		10,892,000.00
M-8	7,391,000.00		134,192.36		0.00		0.00		0.00		134,192.36		0.00		0.00		7,391,000.00
M-9	7,780,000.00		161,904.53		0.00		0.00		0.00		161,904.53		0.00		0.00		7,780,000.00
B-1	11,670,000.00		297,657.18		0.00		0.00		0.00		297,657.18		0.00		0.00		11,670,000.00
B-2	8,947,000.00		228,203.84		0.00		0.00		0.00		228,203.84		0.00		0.00		8,947,000.00
B-3	7,780,000.00		198,438.11		0.00		0.00		0.00		198,438.11		0.00		0.00		7,780,000.00
C	9,725,362.02		9,282,997.28		331.81		24.43		356.24		9,283,353.52		0.00		0.00		9,725,005.78
P	100.00		1,792,089.38		0.00		0.00		0.00		1,792,089.38		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
R-X	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total	778,000,462.02		21,517,900.48		96,008,016.53		2,121,555.75		98,129,572.28		119,647,472.76		0.00		0.00		679,870,889.74



Page 4 of 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 Distribution

Interest Detail - REMIC III
	Pass		Prior Principal				Non-		Prior		Unscheduled				Paid or		Current
	Pass		Prior Principal				Non-		Prior		Unscheduled				Paid or

	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)
I-A1	3.59438%		207,121,555.39		579,035.00		0.00		0.00		0.00		579,035.00		579,035.00		0.00
I-A2	3.65438%		51,760,687.46		147,119.17		0.00		0.00		0.00		147,119.17		147,119.17		0.00
II-A1	3.43438%		93,889,524.92		250,796.24		0.00		0.00		0.00		250,796.24		250,796.24		0.00
II-A2	3.57438%		127,000,000.00		353,069.31		0.00		0.00		0.00		353,069.31		353,069.31		0.00
II-A3	3.70438%		32,440,000.00		93,465.62		0.00		0.00		0.00		93,465.62		93,465.62		0.00
M-1	3.78438%		38,900,000.00		114,498.52		0.00		0.00		0.00		114,498.52		114,498.52		0.00
M-2	3.81438%		25,285,000.00		75,014.02		0.00		0.00		0.00		75,014.02		75,014.02		0.00
M-3	3.84438%		22,562,000.00		67,462.03		0.00		0.00		0.00		67,462.03		67,462.03		0.00
M-4	4.04438%		19,450,000.00		61,182.48		0.00		0.00		0.00		61,182.48		61,182.48		0.00
M-5	4.09438%		12,059,000.00		38,402.10		0.00		0.00		0.00		38,402.10		38,402.10		0.00
M-6	4.61438%		10,892,000.00		39,090.98		0.00		0.00		0.00		39,090.98		39,090.98		0.00
M-7	4.71438%		10,892,000.00		39,938.13		0.00		0.00		0.00		39,938.13		39,938.13		0.00
M-8	4.76438%		7,391,000.00		27,388.30		0.00		0.00		0.00		27,388.30		27,388.30		0.00
M-9	5.41438%		7,780,000.00		32,763.01		0.00		0.00		0.00		32,763.01		32,763.01		0.00
B-1	6.56438%		11,670,000.00		59,582.69		0.00		0.00		0.00		59,582.69		59,582.69		0.00
B-2	6.56438%		8,947,000.00		45,680.06		0.00		0.00		0.00		45,680.06		45,680.06		0.00
B-3	6.56438%		7,780,000.00		39,721.79		0.00		0.00		0.00		39,721.79		39,721.79		0.00
C	240.00120%		9,725,005.78		1,945,010.88		0.00		0.00		0.00		1,945,010.88		1,945,010.88		0.00
P	0.00000%		100.00		0.00		0.00		0.00		0.00		0.00		547,037.99		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
R-X	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			705,544,873.55		4,009,220.33		0.00		0.00		0.00		4,009,220.33		#######		0.00



Page 5 of 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 Distribution
Collection Account Report
SUMMARY
SUMMARY
										Group 2		Group 1		Total
Principal Collections										13,846,511.57		11,827,472.24		25,673,983.81
Principal Withrawals										0.00		0.00		0.00
Principal Other Accounts										0.00		0.00		0.00
TOTAL NET PRINCIPAL										13,846,511.57		11,827,472.24		25,673,983.81
Interest Collections										1,984,199.27		2,067,105.02		4,051,304.28
Interest Withdrawals										-0.00		-0.00		-0.00
Interest Other Accounts										0.00		0.00		547,037.99
Interest Fees										-22,876.74		-20,736.73		-42,083.95
TOTAL NET INTEREST										1,961,322.53		2,046,368.29		4,556,258.32
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION										15,807,834.10		13,873,840.53		30,230,242.13



PRINCIPAL - COLLECTIONS
PRINCIPAL - COLLECTIONS
											Group 2		Group 1		Total
Scheduled Principal Received											164,635.02		265,278.67		429,913.69
Curtailments											15,260.90		119,713.12		134,974.02
Prepayments In Full											13,666,615.65		11,442,480.45		25,109,096.10
Repurchased/Substitutions											0.00		0.00		0.00
Liquidations											0.00		0.00		0.00
Other Additional Principal											0.00		0.00		0.00
Delinquent Principal											-145,542.75		-240,535.04		-386,077.79
Realized Losses											-0.00		-0.00		-0.00
Advanced Principal											145,542.75		240,535.04		386,077.79
TOTAL PRINCIPAL COLLECTED											13,846,511.57		11,827,472.24		25,673,983.81


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



PRINCIPAL - OTHER ACCOUNTS
PRINCIPAL - OTHER ACCOUNTS
										Group 2		Group 1		Total
TOTAL PRINCIPAL OTHER ACCOUNTS										0.00		0.00		0.00





Page 6 of 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 Distribution

INTEREST - COLLECTIONS
INTEREST - COLLECTIONS
										Group 2		Group 1		Total
Scheduled Interest										2,107,542.59		2,199,344.26		4,306,886.85
Repurchased/Substitution Interest										0.00		0.00		0.00
Liquidation Interest										0.00		0.00		0.00
Other Additional Interest										0.00		(1,597.02)		(1,597.02)
Prepayment Interest Shortfalls										-11,873.00		-9,445.48		-21,318.48
Delinquent Interest										-1,800,606.21		-1,926,122.35		-3,726,728.56
Compensating Interest										11,873.00		9,445.47		21,318.47
Civil Relief Act Shortfalls										-0.00		-0.00		-0.00
Interest Advanced										1,677,262.88		1,795,480.14		3,472,743.02
TOTAL INTEREST COLLECTED										1,984,199.27		2,067,105.02		4,051,304.28


INTEREST - WITHDRAWALS
INTEREST - WITHDRAWALS
										Group 2		Group 1		Total
TOTAL INTEREST WITHDRAWALS										0.00		0.00		0.00



INTEREST - OTHER ACCOUNTS
INTEREST - OTHER ACCOUNTS
										Group 2		Group 1		Total
Prepayment Charges														547,037.99
TOTAL INTEREST OTHER ACCOUNTS										0.00		0.00		547,037.99



INTEREST - FEES
INTEREST - FEES
										Group 2		Group 1		Total
Current Servicing Fees										21,123.11		18,868.38		39,991.49
Trustee Fees										866.80		897.06		1,763.86
Current Custodian Fees										173.02		179.06		328.60
TOTAL INTEREST FEES										22,876.74		20,736.73		42,083.95
Current Custodian Fees Rate														0.00059881%




Page 7 of 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 Distribution
Credit Enhancement Report

ACCOUNTS


Net WAC Rate Carryover Reserve Account

Begining Balance						0.00
Amount Deposited						0.00
Amount Withdrawn						0.00
Ending Balance						0.00




INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES
STRUCTURAL FEATURES
										Group 2		Group 1		Total
Overcollateralization Target Amount														9,725,005.78
Overcollateralization Amount														9,725,005.78
Excess Overcollateralized Amount														0.00
Overcollateralization Release Amount														0.00
Overcollateralization Deficiency Amount														0.00
Extra Principal distribution Amount														0.00



Page 8 of 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 Distribution
Collateral Report


COLLATERAL



											Group 2		Group 1		Total



Loan Count:


Original										1,574		1,592		3,166
Prior										2,235		2,249		4,484
Prefunding										0		0		0
Scheduled Paid Offs										-0		-0		-0
Full Voluntary Prepayments										-59		-64		-123
Repurchases										-0		-0		-0
Liquidations										-0		-0		-0
Current										2,176		2,185		4,361
Principal Balance:


Original										238,490,029.61		272,231,107.09		510,721,136.70
Prior										346,719,455.07		358,825,418.48		705,544,873.55
Prefunding										0.00		0.00		0.00
Scheduled Principal										-164,635.02		-265,278.67		-429,913.69
Partial Prepayments										-15,260.90		-119,713.12		-134,974.02
Full Voluntary Prepayments										-13,666,615.65		-11,442,480.45		-25,109,096.10
Repurchases										-0.00		-0.00		-0.00
Liquidations										-0.00		-0.00		-0.00
Current										332,872,943.50		346,997,946.24		679,870,889.74





PREFUNDING
PREFUNDING
										Group 2		Group 1		Total
Prefunding Account Original Balance										137,345,173.98		129,934,151.34		267,279,325.32
Prefunding Account Beginning Balance										0.00		0.00		0.00
Subsequent Loans Added to the Pool										0.00		0.00		0.00
Prefund Release to Certificate Holders										0.00		0.00		0.00
Prefunding Account Ending Balance										0.00		0.00		0.00





Page 9 of 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 Distribution

CHARACTERISTICS
CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Coupon Original										7.31388%		7.36285%		7.33998%
Weighted Average Coupon Prior										7.30695%		7.36644%		7.33717%
Weighted Average Coupon Current										7.29423%		7.35515%		7.32521%
Weighted Average Months to Maturity Original										341		352		347
Weighted Average Months to Maturity Prior										335		347		341
Weighted Average Months to Maturity Current										333		346		340
Weighted Avg Remaining Amortization Term Original										341		352		347
Weighted Avg Remaining Amortization Term Prior										335		347		341
Weighted Avg Remaining Amortization Term Current										333		346		340
Weighted Average Seasoning Original										4.63		5.10		4.88
Weighted Average Seasoning Prior										6.37		6.80		6.59
Weighted Average Seasoning Current										7.38		7.79		7.59









Page 10 of 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 Distribution

ARM CHARACTERISTICS
ARM CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Margin Original										5.79759%		5.92838%		5.86993%
Weighted Average Margin Prior										5.87906%		5.98305%		5.93369%
Weighted Average Margin Current										5.87445%		5.98088%		5.93044%
Weighted Average Max Rate Original										13.39514%		13.87611%		13.66117%
Weighted Average Max Rate Prior										13.43342%		13.63435%		13.53898%
Weighted Average Max Rate Current										13.41943%		13.62400%		13.52704%
Weighted Average Min Rate Original										6.50114%		7.34830%		6.96972%
Weighted Average Min Rate Prior										6.57834%		7.28438%		6.94925%
Weighted Average Min Rate Current										6.56278%		7.27337%		6.93658%
Weighted Average Cap Up Original										1.14437%		1.24939%		1.20246%
Weighted Average Cap Up Prior										1.08739%		1.16451%		1.12790%
Weighted Average Cap Up Current										1.08608%		1.16474%		1.12746%
Weighted Average Cap Down Original										1.14437%		1.24939%		1.20246%
Weighted Average Cap Down Prior										1.08739%		1.16451%		1.12790%
Weighted Average Cap Down Current										1.08608%		1.16474%		1.12746%




SERVICING FEES & ADVANCES

											Group 2		Group 1		Total




Current Servicing Fees										21,123.11		18,868.38		39,991.49
Delinquent Servicing Fees										123,343.33		130,642.21		253,985.54
TOTAL SERVICING FEES										144,466.45		149,510.60		293,977.05


Total Servicing Fees										144,466.45		149,510.60		293,977.05
Compensating Interest										-11,873.00		-9,445.47		-21,318.47
Delinquent Servicing Fees										-123,343.33		-130,642.21		-253,985.54
COLLECTED SERVICING FEES										9,250.12		9,422.91		18,673.03


Total Advaced Interest										1,677,262.88		1,795,480.14		3,472,743.02
Total Advaced Principal										145,542.75		240,535.04		386,077.79
Aggregate Advances with respect to this Distribution										404,362.73		260,326.09		664,688.82





ADDITIONAL COLLATERAL INFORMATION
										Group 2		Group 1		Total
Prepayment Interest Shortfall (PPIS)										11,873.00		9,445.48		21,318.48
Compensating Interest										-11,873.00		-9,445.47		-21,318.47
Net Prepayment Interest Shortfall (PPIS)										0.00		0.00		0.00

Weighted Average Net Mortgage Rate														7.749344%

Libor For Current Period														3.314380%

Libor For Next Period														3.460000%



Page 11 of 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				16,122,288.10		11,040,485.87		8,158,149.30		35,320,923.27
			% Balance				2.37%		1.62%		1.20%		5.20%
			# Loans				108		70		46		224
			% # Loans				2.48%		1.61%		1.05%		5.14%
	FORECLOSURE		Balance		0.00		0.00		0.00		6,144,561.38		6,144,561.38
			% Balance		0.00%		0.00%		0.00%		0.90%		0.90%
			# Loans		0		0		0		38		38
			% # Loans		0.00%		0.00%		0.00%		0.87%		0.87%
	BANKRUPTCY		Balance		2,567,760.69		0.00		516,192.19		443,259.94		3,527,212.82
			% Balance		0.38%		0.00%		0.08%		0.07%		0.52%
			# Loans		21		0		2		5		28
			% # Loans		0.48%		0.00%		0.05%		0.11%		0.64%
	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		2,567,760.69		16,122,288.10		11,556,678.06		14,745,970.62		44,992,697.47
			% Balance		0.38%		2.37%		1.70%		2.17%		6.62%
			# Loans		21		108		72		89		290
			% # Loans		0.48%		2.48%		1.65%		2.04%		6.65%









Page 12 of 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				8,503,075.11		5,969,620.60		3,065,180.74		17,537,876.45
			% Balance				2.45%		1.72%		0.88%		5.05%
			# Loans				56		38		18		112
			% # Loans				2.56%		1.74%		0.82%		5.13%
	FORECLOSURE		Balance		0.00		0.00		0.00		4,477,022.13		4,477,022.13
			% Balance		0.00%		0.00%		0.00%		1.29%		1.29%
			# Loans		0		0		0		25		25
			% # Loans		0.00%		0.00%		0.00%		1.14%		1.14%
	BANKRUPTCY		Balance		1,716,093.54		0.00		325,216.16		415,420.03		2,456,729.73
			% Balance		0.49%		0.00%		0.09%		0.12%		0.71%
			# Loans		14		0		1		4		19
			% # Loans		0.64%		0.00%		0.05%		0.18%		0.87%
	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		1,716,093.54		8,503,075.11		6,294,836.76		7,957,622.90		24,471,628.31
			% Balance		0.49%		2.45%		1.81%		2.29%		7.05%
			# Loans		14		56		39		47		156
			% # Loans		0.64%		2.56%		1.78%		2.15%		7.14%










Page 13 of 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				7,619,212.99		5,070,865.27		5,092,968.56		17,783,046.82
			% Balance				2.29%		1.52%		1.53%		5.34%
			# Loans				52		32		28		112
			% # Loans				2.39%		1.47%		1.29%		5.15%
	FORECLOSURE		Balance		0.00		0.00		0.00		1,667,539.25		1,667,539.25
			% Balance		0.00%		0.00%		0.00%		0.50%		0.50%
			# Loans		0		0		0		13		13
			% # Loans		0.00%		0.00%		0.00%		0.60%		0.60%
	BANKRUPTCY		Balance		851,667.15		0.00		190,976.03		27,839.91		1,070,483.09
			% Balance		0.26%		0.00%		0.06%		0.01%		0.32%
			# Loans		7		0		1		1		9
			% # Loans		0.32%		0.00%		0.05%		0.05%		0.41%
	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		851,667.15		7,619,212.99		5,261,841.30		6,788,347.72		20,521,069.16
			% Balance		0.26%		2.29%		1.58%		2.04%		6.16%
			# Loans		7		52		33		42		134
			% # Loans		0.32%		2.39%		1.52%		1.93%		6.16%









Page 14 of 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 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




TOTAL


Page 15 of 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 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
61353496 1
61353496 1			118,000.00		117,382.18		01-Feb-2005		9.850%		TX - 100.00%		360		01-Sep-2004

61414538 1			77,400.00		76,953.61		01-Feb-2005		8.900%		OH - 90.00%		360		01-Oct-2004
62156294 1			356,250.00		354,200.57		01-Feb-2005		8.375%		NY - 95.00%		360		01-Nov-2004
62302211 1			244,000.00		242,244.33		01-Feb-2005		7.250%		TX - 80.00%		360		01-Nov-2004
62452156 1			71,100.00		70,771.66		01-Feb-2005		9.450%		FL - 90.00%		360		#######
62565916 1			50,400.00		50,117.46		01-Feb-2005		7.900%		IL - 90.00%		360		01-Dec-2004
62593710 1			450,000.00		447,095.53		01-Jan-2005		7.800%		NY - 90.00%		360		01-Nov-2004
62977194 1			208,035.00		206,624.10		01-Feb-2005		7.550%		TX - 90.00%		360		01-Nov-2004
63112635 1			316,350.00		314,575.48		01-Feb-2005		8.500%		IL - 95.00%		360		01-Nov-2004
63276638 1			87,000.00		86,263.95		01-Feb-2005		7.400%		AZ - 72.50%		360		01-Nov-2004
63738991 1			106,250.00		105,828.98		01-Feb-2005		9.600%		MI - 85.00%		360		01-Dec-2004
64275076 1			99,000.00		98,249.05		01-Feb-2005		6.350%		KY - 86.84%		360		01-Dec-2004
64371792 1			294,500.00		292,991.72		01-Feb-2005		8.350%		GA - 95.00%		360		01-Dec-2004
64395676 1			333,000.00		331,095.74		01-Feb-2005		7.800%		MN - 90.00%		360		01-Dec-2004
64699879 1			53,105.00		52,885.61		01-Feb-2005		9.400%		PA - 95.00%		360		01-Dec-2004
91420505 1			60,000.00		59,747.70		01-Feb-2005		9.900%		CA - 28.85%		360		01-Nov-2004
408175500 1			72,250.00		71,755.11		01-Feb-2005		7.500%		OK - 85.00%		360		01-Nov-2004
408254435 1			148,000.00		146,986.36		01-Feb-2005		7.500%		TX - 80.00%		360		01-Nov-2004
408254666 1			78,000.00		77,624.62		01-Feb-2005		9.250%		TX - 65.00%		360		01-Nov-2004
408266695 1			182,000.00		180,622.91		01-Feb-2005		6.990%		IL - 80.00%		360		01-Nov-2004
408266980 1			300,000.00		298,357.58		01-Dec-2004		8.620%		NY - 60.00%		360		01-Nov-2004
408277880 1			340,000.00		337,427.39		01-Feb-2005		6.990%		NY - 80.00%		360		01-Nov-2004
408278687 1			195,000.00		190,717.70		01-Feb-2005		10.250%		NV - 59.09%		180		01-Nov-2004
409169662 1			148,000.00		147,248.65		01-Feb-2005		8.990%		RI - 80.00%		360		01-Nov-2004
409215202 1			120,000.00		119,254.14		01-Feb-2005		7.990%		VA - 80.00%		360		01-Nov-2004
11047117 2			150,000.00		149,571.62		01-Jan-2005		10.500%		TX - 100.00%		180		01-Nov-2004
11066508 2			52,000.00		51,898.39		01-Feb-2005		12.875%		GA - 100.00%		180		01-Dec-2004
61478533 2			185,670.00		184,435.42		01-Feb-2005		7.650%		KY - 90.00%		360		01-Nov-2004
61500856 2			112,500.00		111,682.41		01-Feb-2005		7.750%		GA - 90.00%		360		01-Oct-2004
62539754 2			484,500.00		482,176.92		01-Feb-2005		8.675%		IL - 95.00%		360		01-Dec-2004
63058432 2			126,000.00		125,411.03		01-Feb-2005		8.800%		CA - 70.00%		360		01-Dec-2004
64115033 2			104,500.00		103,782.11		01-Feb-2005		7.500%		MI - 95.00%		360		01-Nov-2004
408106159 2			82,400.00		82,013.50		01-Feb-2005		9.375%		GA - 80.00%		360		01-Nov-2004
409024269 2			119,200.00		119,199.95		01-Jan-2005		6.999%		UT - 80.00%		360		01-Nov-2004
9500605713 2			100,000.00		99,482.89		01-Feb-2005		8.900%		TN - 80.00%		360		01-Nov-2004
9500623732 2			74,900.00		74,538.34		01-Feb-2005		8.640%		SC - 70.00%		360		01-Dec-2004
9500624284 2			46,000.00		45,307.28		01-Feb-2005		7.850%		OH - 82.14%		360		01-Dec-2004
9500626974 2			38,250.00		38,039.39		01-Feb-2005		7.990%		TN - 85.00%		360		01-Dec-2004


TOTAL			6,183,560.00		6,144,561.38


Page 16 of 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS
VOLUNTARY PREPAYMENTS

											Group 2		Group 1		Total




Current


Number of Paid in Full Loans										59		64		123
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										59		64		123
Curtailments Amount										15,260.90		119,713.12		134,974.02
Paid in Full Balance										13,666,615.65		11,442,480.45		25,109,096.10
Repurchased Loans Balance										0.00		0.00		0.00
Total Prepayment Amount										13,681,876.55		11,562,193.57		25,244,070.12

Cumulative


Number of Paid in Full Loans										213		280		493
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										213		280		493
Paid in Full Balance										41,879,881.69		53,317,207.73		95,197,089.42
Repurchased Loans Balance										0.00		0.00		0.00
Curtailments Amount										177,889.84		449,264.77		627,154.61
Total Prepayment Amount										42,057,771.53		53,766,472.50		95,824,244.03










Page 17 of 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES
VOLUNTARY PREPAYMENTS RATES

											Group 2		Group 1		Total



SMM										3.95%		3.22%		3.58%
3 Months Avg SMM										3.07%		3.07%		3.07%
12 Months Avg SMM										2.39%		2.91%		2.66%
Avg SMM Since Cut-off										2.39%		2.91%		2.66%


CPR										38.33%		32.52%		35.43%
3 Months Avg CPR										31.18%		31.24%		31.21%
12 Months Avg CPR										25.20%		29.84%		27.64%
Avg CPR Since Cut-off										25.20%		29.84%		27.64%


PSA										2,595.61%		2,088.17%		2,334.55%
3 Months Avg PSA Approximation										2,444.22%		2,297.81%		2,367.41%
12 Months Avg PSA Approximation										2,236.89%		2,461.80%		2,361.16%
Avg PSA Since Cut-off Approximation										2,236.89%		2,461.80%		2,361.16%










Page 18 of 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 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/(0.002min(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) Conditional Prepayment Rate (CPR): 1-((1-SMM)^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) Dates correspond to distribution dates. Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments, liquidations, and repurchases.













Page 19 of 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 Distribution
Prepayment Detail Report
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
Loan Number			Original							Current		State &		Type Prepayment

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

11058255 2			32,000.00		31,935.85			23-Jun-2005		12.125%		AZ - 100.00%		Paid Off - 180		01-Dec-2004
			32,000.00

11059131 2			333,000.02		333,000.05			23-Jun-2005		5.750%		CA - 80.83%		Paid Off - 360		01-Dec-2004
11059131 2					333,000.05			23-Jun-2005		5.750%		CA - 80.83%		Paid Off - 360		01-Dec-2004
11060400 2			32,400.00		32,345.02			05-Jul-2005		12.875%		FL - 100.00%		Paid Off - 180		01-Dec-2004
11060400 2					32,345.02			05-Jul-2005		12.875%		FL - 100.00%		Paid Off - 180		01-Dec-2004
11061352 1			34,000.00		33,880.12			01-Jul-2005		9.500%		CA - 100.00%		Paid Off - 180		01-Dec-2004
11061352 1					33,880.12			01-Jul-2005		9.500%		CA - 100.00%		Paid Off - 180		01-Dec-2004
11062948 1			240,000.00		240,000.00			28-Jun-2005		5.875%		CA - 71.64%		Paid Off - 360		01-Dec-2004
11062948 1					240,000.00			28-Jun-2005		5.875%		CA - 71.64%		Paid Off - 360		01-Dec-2004
11067318 1			49,419.00		49,285.20			30-Jun-2005		10.750%		CA - 100.00%		Paid Off - 180		01-Dec-2004
11067318 1					49,285.20			30-Jun-2005		10.750%		CA - 100.00%		Paid Off - 180		01-Dec-2004
11068001 2			85,800.00		85,541.64			06-Jul-2005		10.250%		CA - 100.00%		Paid Off - 180		01-Dec-2004
11068001 2					85,541.64			06-Jul-2005		10.250%		CA - 100.00%		Paid Off - 180		01-Dec-2004
11068960 2			85,000.00		84,824.14			27-Jun-2005		11.990%		FL - 100.00%		Paid Off - 180		01-Dec-2004
11068960 2					84,824.14			27-Jun-2005		11.990%		FL - 100.00%		Paid Off - 180		01-Dec-2004
11070837 1			276,000.00		275,996.16			23-Jun-2005		5.375%		CA - 80.00%		Paid Off - 360		01-Dec-2004
11070837 1					275,996.16			23-Jun-2005		5.375%		CA - 80.00%		Paid Off - 360		01-Dec-2004
60995412 1			208,000.00		206,177.71			17-Jun-2005		7.350%		FL - 80.00%		Paid Off - 360		01-Dec-2004
60995412 1					206,177.71			17-Jun-2005		7.350%		FL - 80.00%		Paid Off - 360		01-Dec-2004
61363735 1			54,750.00		54,502.36			22-Jun-2005		9.550%		MI - 75.00%		Paid Off - 360		01-Oct-2004
61363735 1					54,502.36			22-Jun-2005		9.550%		MI - 75.00%		Paid Off - 360		01-Oct-2004
61417812 1			148,500.00		147,607.61			28-Jun-2005		7.550%		AZ - 90.00%		Paid Off - 360		01-Nov-2004
61417812 1					147,607.61			28-Jun-2005		7.550%		AZ - 90.00%		Paid Off - 360		01-Nov-2004
61418356 1			185,000.00		183,178.55			20-Jun-2005		7.300%		NV - 75.51%		Paid Off - 360		01-Nov-2004
61418356 1					183,178.55			20-Jun-2005		7.300%		NV - 75.51%		Paid Off - 360		01-Nov-2004
61825436 2			104,000.00		103,343.48			20-Jun-2005		7.300%		NV - 80.00%		Paid Off - 360		01-Nov-2004
61825436 2					103,343.48			20-Jun-2005		7.300%		NV - 80.00%		Paid Off - 360		01-Nov-2004
62071790 1			160,000.00		158,578.17			17-Jun-2005		6.150%		CA - 80.00%		Paid Off - 360		01-Oct-2004
62071790 1					158,578.17			17-Jun-2005		6.150%		CA - 80.00%		Paid Off - 360		01-Oct-2004
62071915 1			262,500.00		260,859.17			30-Jun-2005		7.350%		CA - 75.00%		Paid Off - 360		01-Nov-2004
62071915 1					260,859.17			30-Jun-2005		7.350%		CA - 75.00%		Paid Off - 360		01-Nov-2004
62071956 1			40,000.00		39,148.51			16-Jun-2005		10.600%		CA - 100.00%		Paid Off - 180		01-Oct-2004
62071956 1					39,148.51			16-Jun-2005		10.600%		CA - 100.00%		Paid Off - 180		01-Oct-2004
62219035 1			227,000.00		225,513.23			01-Jul-2005		7.750%		AZ - 87.31%		Paid Off - 360		01-Oct-2004
62219035 1					225,513.23			01-Jul-2005		7.750%		AZ - 87.31%		Paid Off - 360		01-Oct-2004
62335153 1			206,250.00		204,522.03			22-Jun-2005		6.500%		CA - 75.00%		Paid Off - 360		01-Oct-2004
62335153 1					204,522.03			22-Jun-2005		6.500%		CA - 75.00%		Paid Off - 360		01-Oct-2004
62451638 1			195,500.00		194,284.78			12-Jul-2005		7.800%		IL - 94.90%		Paid Off - 360		01-Nov-2004
62451638 1					194,284.78			12-Jul-2005		7.800%		IL - 94.90%		Paid Off - 360		01-Nov-2004
62518634 2			600,000.00		595,449.02			24-Jun-2005		6.350%		CA - 87.59%		Paid Off - 360		01-Nov-2004
62518634 2					595,449.02			24-Jun-2005		6.350%		CA - 87.59%		Paid Off - 360		01-Nov-2004
62530316 2			394,405.00		391,469.97			16-Jun-2005		6.450%		CA - 80.00%		Paid Off - 360		01-Nov-2004
62530316 2					391,469.97			16-Jun-2005		6.450%		CA - 80.00%		Paid Off - 360		01-Nov-2004
62545637 1			199,800.00		198,742.30			20-Jun-2005		7.500%		IL - 90.00%		Paid Off - 360		01-Dec-2004
62545637 1					198,742.30			20-Jun-2005		7.500%		IL - 90.00%		Paid Off - 360		01-Dec-2004
62751672 1			189,905.00		188,631.48			05-Jul-2005		6.990%		CA - 95.00%		Paid Off - 360		01-Nov-2004
62751672 1					188,631.48			05-Jul-2005		6.990%		CA - 95.00%		Paid Off - 360		01-Nov-2004
62819552 2			372,000.00		369,310.09			24-Jun-2005		6.600%		AZ - 80.00%		Paid Off - 360		01-Nov-2004
62819552 2					369,310.09			24-Jun-2005		6.600%		AZ - 80.00%		Paid Off - 360		01-Nov-2004
63099436 1			181,500.00		180,492.62			13-Jul-2005		7.950%		CA - 55.00%		Paid Off - 360		01-Nov-2004
63099436 1					180,492.62			13-Jul-2005		7.950%		CA - 55.00%		Paid Off - 360		01-Nov-2004
63100234 1			142,500.00		141,609.25			30-Jun-2005		7.350%		FL - 95.00%		Paid Off - 360		01-Nov-2004
63100234 1					141,609.25			30-Jun-2005		7.350%		FL - 95.00%		Paid Off - 360		01-Nov-2004
63156558 1			90,000.00		89,552.78			05-Jul-2005		8.500%		NJ - 89.91%		Paid Off - 360		01-Nov-2004
63156558 1					89,552.78			05-Jul-2005		8.500%		NJ - 89.91%		Paid Off - 360		01-Nov-2004
63194799 1			90,000.00		89,617.92			30-Jun-2005		8.600%		MD - 90.00%		Paid Off - 360		01-Dec-2004
63194799 1					89,617.92			30-Jun-2005		8.600%		MD - 90.00%		Paid Off - 360		01-Dec-2004
63207278 1			211,000.00		209,751.59			01-Jul-2005		7.625%		TN - 94.83%		Paid Off - 360		01-Nov-2004
63207278 1					209,751.59			01-Jul-2005		7.625%		TN - 94.83%		Paid Off - 360		01-Nov-2004
63208433 1			113,000.00		112,182.44			21-Jun-2005		6.850%		AZ - 80.71%		Paid Off - 360		01-Nov-2004
63208433 1					112,182.44			21-Jun-2005		6.850%		AZ - 80.71%		Paid Off - 360		01-Nov-2004
63285639 2			86,400.00		85,981.70			20-Jun-2005		7.950%		IL - 90.00%		Paid Off - 360		01-Dec-2004
63285639 2					85,981.70			20-Jun-2005		7.950%		IL - 90.00%		Paid Off - 360		01-Dec-2004
63346993 1			178,500.00		177,519.18			06-Jul-2005		8.000%		MD - 85.00%		Paid Off - 360		01-Nov-2004
63346993 1					177,519.18			06-Jul-2005		8.000%		MD - 85.00%		Paid Off - 360		01-Nov-2004
63639876 2			91,000.00		90,457.63			07-Jul-2005		7.600%		MD - 75.83%		Paid Off - 360		01-Nov-2004
63639876 2					90,457.63			07-Jul-2005		7.600%		MD - 75.83%		Paid Off - 360		01-Nov-2004
63689756 1			231,000.00		229,664.18			17-Jun-2005		7.050%		NY - 46.20%		Paid Off - 360		01-Dec-2004
63689756 1					229,664.18			17-Jun-2005		7.050%		NY - 46.20%		Paid Off - 360		01-Dec-2004
63698799 1			68,000.00		67,633.75			30-Jun-2005		8.100%		FL - 59.13%		Paid Off - 360		01-Nov-2004
63698799 1					67,633.75			30-Jun-2005		8.100%		FL - 59.13%		Paid Off - 360		01-Nov-2004
63898233 2			360,000.00		358,372.83			08-Jul-2005		8.300%		TX - 80.00%		Paid Off - 360		01-Dec-2004
63898233 2					358,372.83					8.300%		TX - 80.00%		Paid Off - 360


Page 20 of 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 Distribution

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

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

63964233 1			166,500.00		165,343.92			05-Jul-2005		6.650%		CT - 90.00%		Paid Off - 360		01-Dec-2004
			166,500.00

64035272 1			123,500.00		122,962.78			29-Jun-2005		9.150%		AZ - 95.00%		Paid Off - 360		01-Nov-2004
64035272 1					122,962.78			29-Jun-2005		9.150%		AZ - 95.00%		Paid Off - 360		01-Nov-2004
64102437 2			432,000.00		429,947.89			30-Jun-2005		8.750%		CA - 80.00%		Paid Off - 360		01-Nov-2004
64102437 2					429,947.89			30-Jun-2005		8.750%		CA - 80.00%		Paid Off - 360		01-Nov-2004
64173230 1			22,400.00		22,344.91			29-Jun-2005		11.200%		IL - 100.00%		Paid Off - 360		01-Dec-2004
64173230 1					22,344.91			29-Jun-2005		11.200%		IL - 100.00%		Paid Off - 360		01-Dec-2004
64550353 1			154,700.00		154,049.98			29-Jun-2005		8.650%		AZ - 85.00%		Paid Off - 360		01-Dec-2004
64550353 1					154,049.98			29-Jun-2005		8.650%		AZ - 85.00%		Paid Off - 360		01-Dec-2004
91350702 2			147,600.00		146,602.47			30-Jun-2005		6.990%		OR - 90.00%		Paid Off - 360		01-Nov-2004
91350702 2					146,602.47			30-Jun-2005		6.990%		OR - 90.00%		Paid Off - 360		01-Nov-2004
93307742 1			280,000.00		279,000.92			05-Jul-2005		10.100%		NV - 80.00%		Paid Off - 360		01-Nov-2004
93307742 1					279,000.92			05-Jul-2005		10.100%		NV - 80.00%		Paid Off - 360		01-Nov-2004
93836963 1			187,500.00		186,182.75			29-Jun-2005		6.750%		CA - 75.00%		Paid Off - 360		01-Nov-2004
93836963 1					186,182.75			29-Jun-2005		6.750%		CA - 75.00%		Paid Off - 360		01-Nov-2004
407158549 2			100,000.00		99,378.67			07-Jul-2005		7.994%		MO - 100.00%		Paid Off - 360		01-Oct-2004
407158549 2					99,378.67			07-Jul-2005		7.994%		MO - 100.00%		Paid Off - 360		01-Oct-2004
408052049 1			80,000.00		79,592.66			05-Jul-2005		8.990%		NV - 80.00%		Paid Off - 360		01-Oct-2004
408052049 1					79,592.66			05-Jul-2005		8.990%		NV - 80.00%		Paid Off - 360		01-Oct-2004
408106473 2			67,500.00		67,129.02			13-Jul-2005		7.999%		FL - 86.54%		Paid Off - 360		01-Nov-2004
408106473 2					67,129.02			13-Jul-2005		7.999%		FL - 86.54%		Paid Off - 360		01-Nov-2004
408118935 1			144,000.00		143,351.81			27-Jun-2005		8.990%		SC - 75.00%		Paid Off - 360		01-Nov-2004
408118935 1					143,351.81			27-Jun-2005		8.990%		SC - 75.00%		Paid Off - 360		01-Nov-2004
408162830 1			188,000.00		186,739.24			23-Jun-2005		6.990%		NJ - 80.00%		Paid Off - 360		01-Nov-2004
408162830 1					186,739.24			23-Jun-2005		6.990%		NJ - 80.00%		Paid Off - 360		01-Nov-2004
408163688 2			182,000.00		180,753.45			29-Jun-2005		7.500%		CA - 94.79%		Paid Off - 360		01-Oct-2004
408163688 2					180,753.45			29-Jun-2005		7.500%		CA - 94.79%		Paid Off - 360		01-Oct-2004
408174067 2			152,000.00		150,932.19			13-Jul-2005		6.750%		FL - 84.44%		Paid Off - 360		01-Nov-2004
408174067 2					150,932.19			13-Jul-2005		6.750%		FL - 84.44%		Paid Off - 360		01-Nov-2004
408198702 1			192,000.00		192,000.00			15-Jul-2005		6.375%		CA - 80.00%		Paid Off - 360		01-Nov-2004
408198702 1					192,000.00			15-Jul-2005		6.375%		CA - 80.00%		Paid Off - 360		01-Nov-2004
408209497 1			100,000.00		99,391.49			15-Jul-2005		7.500%		VA - 80.00%		Paid Off - 360		01-Nov-2004
408209497 1					99,391.49			15-Jul-2005		7.500%		VA - 80.00%		Paid Off - 360		01-Nov-2004
408242520 1			149,600.00		148,692.10			22-Jun-2005		7.500%		MD - 80.00%		Paid Off - 360		01-Nov-2004
408242520 1					148,692.10			22-Jun-2005		7.500%		MD - 80.00%		Paid Off - 360		01-Nov-2004
408242803 1			206,250.00		205,145.41			01-Jul-2005		8.125%		NV - 75.00%		Paid Off - 360		01-Nov-2004
408242803 1					205,145.41			01-Jul-2005		8.125%		NV - 75.00%		Paid Off - 360		01-Nov-2004
408255252 1			228,000.00		227,995.44			29-Jun-2005		6.375%		AZ - 80.00%		Paid Off - 360		01-Nov-2004
408255252 1					227,995.44			29-Jun-2005		6.375%		AZ - 80.00%		Paid Off - 360		01-Nov-2004
408265959 1			330,000.00		327,778.82			23-Jun-2005		6.990%		MD - 75.00%		Paid Off - 360		01-Nov-2004
408265959 1					327,778.82			23-Jun-2005		6.990%		MD - 75.00%		Paid Off - 360		01-Nov-2004
408267475 1			276,000.00		274,108.47			16-Jun-2005		6.875%		CA - 86.25%		Paid Off - 360		01-Nov-2004
408267475 1					274,108.47			16-Jun-2005		6.875%		CA - 86.25%		Paid Off - 360		01-Nov-2004
408277691 1			294,950.00		293,159.99			06-Jul-2005		7.500%		CA - 85.00%		Paid Off - 360		01-Nov-2004
408277691 1					293,159.99			06-Jul-2005		7.500%		CA - 85.00%		Paid Off - 360		01-Nov-2004
408308931 1			360,000.00		357,629.84			29-Jun-2005		7.100%		NY - 75.00%		Paid Off - 360		01-Nov-2004
408308931 1					357,629.84			29-Jun-2005		7.100%		NY - 75.00%		Paid Off - 360		01-Nov-2004
409012375 2			127,500.00		126,866.49			16-Jun-2005		8.500%		OH - 85.00%		Paid Off - 360		01-Nov-2004
409012375 2					126,866.49			16-Jun-2005		8.500%		OH - 85.00%		Paid Off - 360		01-Nov-2004
409076789 1			250,000.00		248,461.64			27-Jun-2005		7.429%		IL - 76.45%		Paid Off - 360		01-Nov-2004
409076789 1					248,461.64			27-Jun-2005		7.429%		IL - 76.45%		Paid Off - 360		01-Nov-2004
409089050 2			378,400.00		378,400.00			22-Jun-2005		6.875%		CA - 80.00%		Paid Off - 360		01-Nov-2004
409089050 2					378,400.00			22-Jun-2005		6.875%		CA - 80.00%		Paid Off - 360		01-Nov-2004
409089753 2			250,750.00		249,448.00			21-Jun-2005		8.390%		VA - 85.00%		Paid Off - 360		01-Nov-2004
409089753 2					249,448.00			21-Jun-2005		8.390%		VA - 85.00%		Paid Off - 360		01-Nov-2004
409090332 2			500,000.00		497,000.05			29-Jun-2005		7.570%		MD - 78.74%		Paid Off - 360		01-Nov-2004
409090332 2					497,000.05			29-Jun-2005		7.570%		MD - 78.74%				01-Nov-2004
409134414 1			204,000.00		203,934.37			01-Jul-2005		7.625%		MD - 80.00%		Paid Off - 360		01-Nov-2004
409134414 1					203,934.37			01-Jul-2005		7.625%		MD - 80.00%		Paid Off - 360		01-Nov-2004
409157766 2			477,000.00		473,731.43			12-Jul-2005		6.878%		IL - 90.00%		Paid Off - 360		01-Nov-2004
409157766 2					473,731.43			12-Jul-2005		6.878%		IL - 90.00%		Paid Off - 360		01-Nov-2004
409160191 1			169,065.00		168,344.59			06-Jul-2005		9.250%		NM - 85.00%		Paid Off - 360		01-Nov-2004
409160191 1					168,344.59			06-Jul-2005		9.250%		NM - 85.00%		Paid Off - 360		01-Nov-2004
409171095 1			198,900.00		197,566.09			24-Jun-2005		6.990%		NV - 85.00%		Paid Off - 360		01-Nov-2004
409171095 1					197,566.09			24-Jun-2005		6.990%		NV - 85.00%		Paid Off - 360		01-Nov-2004
409171141 1			156,320.00		154,796.64			16-Jun-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Nov-2004
409171141 1					154,796.64			16-Jun-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Nov-2004
409249389 1			132,800.00		131,751.74			21-Jun-2005		7.990%		MD - 80.00%		Paid Off - 360		01-Nov-2004
409249389 1					131,751.74			21-Jun-2005		7.990%		MD - 80.00%		Paid Off - 360		01-Nov-2004
409271393 1			140,000.00		140,000.00			21-Jun-2005		6.990%		FL - 80.00%		Paid Off - 360		01-Nov-2004
409271393 1					140,000.00			21-Jun-2005		6.990%		FL - 80.00%		Paid Off - 360		01-Nov-2004
1000168297 2			272,720.00		272,720.00			15-Jul-2005		6.900%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1000168297 2					272,720.00			15-Jul-2005		6.900%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1000168354 2			68,180.00		67,963.73			15-Jul-2005		9.250%		CA - 100.00%		Paid Off - 180		01-Jan-2005
1000168354 2					67,963.73					9.250%		CA - 100.00%		Paid Off - 180


Page 21 of 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 Distribution

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

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

1000196164 1			300,050.00		298,077.72			29-Jun-2005		7.705%		CA - 85.00%		Paid Off - 360		01-Oct-2004
			300,050.00

1000328600 1			150,000.00		149,425.15			16-Jun-2005		7.395%		CA - 79.79%		Paid Off - 360		01-Feb-2005
1000328600 1					149,425.15			16-Jun-2005		7.395%		CA - 79.79%		Paid Off - 360		01-Feb-2005
1000354553 2			90,400.00		90,039.81			08-Jul-2005		7.425%		IL - 80.00%		Paid Off - 360		01-Feb-2005
1000354553 2					90,039.81			08-Jul-2005		7.425%		IL - 80.00%		Paid Off - 360		01-Feb-2005
1000354575 2			22,600.00		22,545.84			08-Jul-2005		10.750%		IL - 100.00%		Paid Off - 180		01-Feb-2005
1000354575 2					22,545.84			08-Jul-2005		10.750%		IL - 100.00%		Paid Off - 180		01-Feb-2005
1000357174 1			50,000.00		49,887.29			28-Jun-2005		9.990%		CA - 100.00%		Paid Off - 180		01-Feb-2005
1000357174 1					49,887.29			28-Jun-2005		9.990%		CA - 100.00%		Paid Off - 180		01-Feb-2005
1000368109 2			46,600.00		46,477.31			24-Jun-2005		9.250%		CA - 100.00%		Paid Off - 180		01-Feb-2005
1000368109 2					46,477.31			24-Jun-2005		9.250%		CA - 100.00%		Paid Off - 180		01-Feb-2005
1000401994 1			220,000.00		219,323.51			21-Jun-2005		7.370%		IL - 80.00%		Paid Off - 360		01-Mar-2005
1000401994 1					219,323.51			21-Jun-2005		7.370%		IL - 80.00%		Paid Off - 360		01-Mar-2005
1000402704 1			204,000.00		203,305.01			01-Jul-2005		7.990%		CA - 80.00%		Paid Off - 360		01-Feb-2005
1000402704 1					203,305.01			01-Jul-2005		7.990%		CA - 80.00%		Paid Off - 360		01-Feb-2005
1000411872 2			264,000.00		264,000.00			24-Jun-2005		6.400%		IL - 80.00%		Paid Off - 360		01-Mar-2005
1000411872 2					264,000.00			24-Jun-2005		6.400%		IL - 80.00%		Paid Off - 360		01-Mar-2005
1000415887 1			127,500.00		127,126.97			11-Jul-2005		7.620%		CA - 75.00%		Paid Off - 360		01-Mar-2005
1000415887 1					127,126.97			11-Jul-2005		7.620%		CA - 75.00%		Paid Off - 360		01-Mar-2005
1000418408 2			204,000.00		204,000.00			08-Jul-2005		6.990%		CA - 80.00%		Paid Off - 360		01-Mar-2005
1000418408 2					204,000.00			08-Jul-2005		6.990%		CA - 80.00%		Paid Off - 360		01-Mar-2005
1000418420 2			51,000.00		50,918.20			08-Jul-2005		10.520%		CA - 100.00%		Paid Off - 180		01-Mar-2005
1000418420 2					50,918.20			08-Jul-2005		10.520%		CA - 100.00%		Paid Off - 180		01-Mar-2005
1000420838 1			240,550.00		239,843.37			28-Jun-2005		7.600%		CA - 85.00%		Paid Off - 360		01-Mar-2005
1000420838 1					239,843.37			28-Jun-2005		7.600%		CA - 85.00%		Paid Off - 360		01-Mar-2005
1000426205 2			356,720.00		356,720.00			14-Jul-2005		7.130%		CA - 80.00%		Paid Off - 360		01-Mar-2005
1000426205 2					356,720.00			14-Jul-2005		7.130%		CA - 80.00%		Paid Off - 360		01-Mar-2005
1000426340 2			89,180.00		89,007.92			14-Jul-2005		9.650%		CA - 100.00%		Paid Off - 180		01-Mar-2005
1000426340 2					89,007.92			14-Jul-2005		9.650%		CA - 100.00%		Paid Off - 180		01-Mar-2005
1000429387 1			243,750.00		242,979.64			05-Jul-2005		7.850%		CA - 75.00%		Paid Off - 360		01-Mar-2005
1000429387 1					242,979.64			05-Jul-2005		7.850%		CA - 75.00%		Paid Off - 360		01-Mar-2005
1000429578 2			450,000.00		448,523.04			14-Jul-2005		7.050%		CA - 79.65%		Paid Off - 360		01-Mar-2005
1000429578 2					448,523.04			14-Jul-2005		7.050%		CA - 79.65%		Paid Off - 360		01-Mar-2005
1000438242 2			323,000.00		323,000.00			01-Jul-2005		7.950%		CA - 85.00%		Paid Off - 360		01-Mar-2005
1000438242 2					323,000.00			01-Jul-2005		7.950%		CA - 85.00%		Paid Off - 360		01-Mar-2005
1000441549 2			374,000.00		372,912.29			20-Jun-2005		7.650%		CA - 85.00%		Paid Off - 360		01-Mar-2005
1000441549 2					372,912.29			20-Jun-2005		7.650%		CA - 85.00%		Paid Off - 360		01-Mar-2005
1000441909 1			181,500.00		181,174.07			05-Jul-2005		9.990%		CA - 55.00%		Paid Off - 360		01-Mar-2005
1000441909 1					181,174.07			05-Jul-2005		9.990%		CA - 55.00%		Paid Off - 360		01-Mar-2005
1000443204 2			660,000.00		657,547.10			06-Jul-2005		6.400%		CA - 80.00%		Paid Off - 360		01-Mar-2005
1000443204 2					657,547.10			06-Jul-2005		6.400%		CA - 80.00%		Paid Off - 360		01-Mar-2005
1000443721 1			259,250.00		258,392.50			28-Jun-2005		7.000%		CA - 85.00%		Paid Off - 360		01-Mar-2005
1000443721 1					258,392.50			28-Jun-2005		7.000%		CA - 85.00%		Paid Off - 360		01-Mar-2005
1000449851 1			180,200.00		179,688.36			29-Jun-2005		7.770%		CA - 85.00%		Paid Off - 360		01-Mar-2005
1000449851 1					179,688.36			29-Jun-2005		7.770%		CA - 85.00%		Paid Off - 360		01-Mar-2005
1000451180 2			360,000.00		358,687.58			15-Jul-2005		6.500%		CA - 78.26%		Paid Off - 360		01-Mar-2005
1000451180 2					358,687.58			15-Jul-2005		6.500%		CA - 78.26%		Paid Off - 360		01-Mar-2005
1000452754 2			479,992.00		478,733.00			17-Jun-2005		6.700%		CA - 90.00%		Paid Off - 360		01-Apr-2005
1000452754 2					478,733.00			17-Jun-2005		6.700%		CA - 90.00%		Paid Off - 360		01-Apr-2005
1000455421 2			350,075.00		350,072.57			28-Jun-2005		8.150%		CA - 95.00%		Paid Off - 360		01-Mar-2005
1000455421 2					350,072.57			28-Jun-2005		8.150%		CA - 95.00%		Paid Off - 360		01-Mar-2005
1000455993 1			151,500.00		151,080.90			01-Jul-2005		7.900%		CA - 60.60%		Paid Off - 360		01-Mar-2005
1000455993 1					151,080.90			01-Jul-2005		7.900%		CA - 60.60%		Paid Off - 360		01-Mar-2005
1000456703 2			269,600.00		269,600.00			20-Jun-2005		7.000%		CA - 80.00%		Paid Off - 360		01-Apr-2005
1000456703 2					269,600.00			20-Jun-2005		7.000%		CA - 80.00%		Paid Off - 360		01-Apr-2005
1000457849 1			214,000.00		213,249.01			23-Jun-2005		7.350%		CA - 84.92%		Paid Off - 360		01-Mar-2005
1000457849 1					213,249.01			23-Jun-2005		7.350%		CA - 84.92%		Paid Off - 360		01-Mar-2005
1000459245 1			260,500.00		259,670.26			22-Jun-2005		7.100%		CA - 84.03%		Paid Off - 360		01-Apr-2005
1000459245 1					259,670.26			22-Jun-2005		7.100%		CA - 84.03%		Paid Off - 360		01-Apr-2005
1000461260 2			288,000.00		288,000.00			16-Jun-2005		7.990%		IL - 77.84%		Paid Off - 360		01-Mar-2005
1000461260 2					288,000.00			16-Jun-2005		7.990%		IL - 77.84%		Paid Off - 360		01-Mar-2005
1000463857 2			327,600.00		327,600.00			20-Jun-2005		6.700%		CA - 90.00%		Paid Off - 360		01-Mar-2005
1000463857 2					327,600.00			20-Jun-2005		6.700%		CA - 90.00%		Paid Off - 360		01-Mar-2005
1000468009 2			309,600.00		309,600.00			30-Jun-2005		6.590%		CA - 90.00%		Paid Off - 360		01-Mar-2005
1000468009 2					309,600.00			30-Jun-2005		6.590%		CA - 90.00%		Paid Off - 360		01-Mar-2005
9500611869 2			152,100.00		151,176.91			06-Jul-2005		7.500%		SC - 90.00%		Paid Off - 360		01-Nov-2004
9500611869 2					151,176.91			06-Jul-2005		7.500%		SC - 90.00%		Paid Off - 360		01-Nov-2004
9500612933 2			90,000.00		89,392.75			12-Jul-2005		6.650%		WV - 75.00%		Paid Off - 360		01-Dec-2004
9500612933 2					89,392.75			12-Jul-2005		6.650%		WV - 75.00%		Paid Off - 360		01-Dec-2004
9500619904 2			497,250.00		497,109.70			22-Jun-2005		6.150%		CA - 85.00%		Paid Off - 360		01-Dec-2004
9500619904 2					497,109.70			22-Jun-2005		6.150%		CA - 85.00%		Paid Off - 360		01-Dec-2004
9500624870 2			332,000.00		331,820.41			27-Jun-2005		6.350%		CA - 80.00%		Paid Off - 360		01-Dec-2004
9500624870 2					331,820.41			27-Jun-2005		6.350%		CA - 80.00%		Paid Off - 360		01-Dec-2004
9500624953 2			80,750.00		80,218.10			08-Jul-2005		7.050%		UT - 85.00%		Paid Off - 360		01-Dec-2004
9500624953 2					80,218.10					7.050%		UT - 85.00%		Paid Off - 360


Page 22 of 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 Distribution

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

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

9500627279 2			90,900.00		90,471.80			07-Jul-2005		8.650%		MO - 90.00%		Paid Off - 360		01-Dec-2004
			90,900.00

9500634630 2			54,000.00		53,740.84			14-Jul-2005		7.200%		MI - 90.00%		Paid Off - 360		01-Jan-2005
9500634630 2					53,740.84			14-Jul-2005		7.200%		MI - 90.00%		Paid Off - 360		01-Jan-2005
9500635744 2			75,900.00		75,576.80			27-Jun-2005		7.850%		FL - 87.24%		Paid Off - 360		01-Jan-2005
9500635744 2					75,576.80			27-Jun-2005		7.850%		FL - 87.24%		Paid Off - 360		01-Jan-2005
9500642583 2			47,700.00		47,500.76			23-Jun-2005		7.900%		OH - 90.00%		Paid Off - 360		01-Jan-2005
9500642583 2					47,500.76			23-Jun-2005		7.900%		OH - 90.00%		Paid Off - 360		01-Jan-2005
9500644639 2			103,500.00		103,048.45			27-Jun-2005		8.600%		OH - 90.00%		Paid Off - 360		01-Jan-2005
9500644639 2					103,048.45			27-Jun-2005		8.600%		OH - 90.00%		Paid Off - 360		01-Jan-2005
9500645750 2			357,000.00		354,364.16			18-Jul-2005		6.700%		CA - 85.00%		Paid Off - 360		01-Jan-2005
9500645750 2					354,364.16			18-Jul-2005		6.700%		CA - 85.00%		Paid Off - 360		01-Jan-2005
9500649299 2			67,500.00		67,211.77			01-Jul-2005		7.790%		MO - 90.00%		Paid Off - 360		01-Jan-2005
9500649299 2					67,211.77			01-Jul-2005		7.790%		MO - 90.00%		Paid Off - 360		01-Jan-2005
9500649513 2			187,500.00		186,536.56			30-Jun-2005		6.850%		NJ - 75.00%		Paid Off - 360		01-Jan-2005
9500649513 2					186,536.56			30-Jun-2005		6.850%		NJ - 75.00%		Paid Off - 360		01-Jan-2005
9500651477 2			200,700.00		199,818.83			08-Jul-2005		7.650%		MO - 90.00%		Paid Off - 360		01-Jan-2005
9500651477 2					199,818.83			08-Jul-2005		7.650%		MO - 90.00%		Paid Off - 360		01-Jan-2005
9500667846 2			328,950.00		327,738.34			16-Jun-2005		7.600%		VA - 85.00%		Paid Off - 360		01-Feb-2005
9500667846 2					327,738.34			16-Jun-2005		7.600%		VA - 85.00%		Paid Off - 360		01-Feb-2005


TOTAL			25,213,181.02		25,109,096.10
TOTAL


Page 23 of 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



											Group 2		Group 1		Total


Current
Current



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

Cumulative
Cumulative



Number of Loans Liquidated										1		0		1
Collateral Realized Loss/(Gain) Amount										7,706.87		0.00		7,706.87
Net Liquidation Proceeds										24,562.24		0.00		24,562.24










Page 24 of 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 Distribution


DEFAULT SPEEDS



											Group 2		Group 1		Total



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


CDR										0.00%		0.00%		0.00%
3 Months Avg CDR										0.00%		0.00%		0.00%
12 Months Avg CDR										0.02%		0.00%		0.01%
Avg CDR Since Cut-off										0.02%		0.00%		0.01%


SDA										0.00%		0.00%		0.00%
3 Months Avg SDA Approximation										0.00%		0.00%		0.00%
12 Months Avg SDA Approximation										0.18%		0.00%		0.09%
Avg SDA Since Cut-off Approximation										0.18%		0.00%		0.09%


Loss Severity Approximation for Current Period										0.00%		0.00%		0.00%
3 Months Avg Loss Severity Approximation										0.00%		0.00%		0.00%
12 Months Avg Loss Severity Approximation										4.78%		0.00%		4.78%
Avg Loss Severity Approximation Since Cut-off										4.78%		0.00%		4.78%












Page 25 of 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 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 26 of 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 Distribution
Realized Loss Detail Report
Loan Number			Current		State &				Prior		Realized				Cumulative
															Cumulative
&		Loan	Note		LTV at		Original		Principal		Loss/(Gain)		Realized		Realized

Loan Group		Status	Rate		Origination		Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)
Loan Group		Status	Rate		Origination		Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)




TOTAL



Page 27 of 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
TRIGGER EVENTS
										Group 2		Group 1		Total
						Has Stepdown Condition occurred (0 = No, 1=Yes)								0

						Does a Trigger Event Exist-Either a) or b) Yes?								0
						Has Sequential Trigger Event Occured (0=No,1=Yes)								0
						Does a Loss Trigger Event Exists (0=No,1=Yes)								0

						60+ days Delinqueny Balance								26,302,648.68
						Ending Collateral Balance								679,870,889.74
						Delinquency Percentage								3.870000%

						Senior Enhancement Percentage								27.401943%

						Cumulative Loss Percentage								0.0009905997%


ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION

SPACE INTENTIONALLY LEFT BLANK




Page 28 of 29
Soundview Home Loan Trust 2005-1

Asset Backed Certificates
Asset Backed Certificates
2005-1

July 25, 2005 Distribution
Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

													NET WAC Shortfall CarryOver		NET WAC Shortfall Paid
CLASS

			I-A1										$0.00		$0.00
													$0.00		$0.00
			I-A2										$0.00		$0.00
													$0.00		$0.00
			II-A1										$0.00		$0.00
													$0.00		$0.00
			II-A2										$0.00		$0.00
													$0.00		$0.00
			II-A3										$0.00		$0.00
													$0.00		$0.00
			M-1										$0.00		$0.00
													$0.00		$0.00
			M-2										$0.00		$0.00
													$0.00		$0.00
			M-3										$0.00		$0.00
													$0.00		$0.00
			M-4										$0.00		$0.00
													$0.00		$0.00
			M-5										$0.00		$0.00
													$0.00		$0.00
			M-6										$0.00		$0.00
													$0.00		$0.00
			M-7										$0.00		$0.00
													$0.00		$0.00
			M-8										$0.00		$0.00
													$0.00		$0.00
			M-9										$0.00		$0.00
													$0.00		$0.00
			B-1										$0.00		$0.00
													$0.00		$0.00
			B-2										$0.00		$0.00
													$0.00		$0.00
			B-3										$0.00		$0.00
													$0.00		$0.00






Page 29 of 29

Soundview Home Loan Trust 2005-1 8-K