
                                   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):  August 25, 2005
                          (Date of earliest event reported)

              Greenwich Capital Acceptance Inc., (as Depositor under the
               Pooling and Servicing Agreement, dated as July 1, 2005,
               providing for the issuance of Greenpoint Mortgage Funding
               Trust 2005-HY1 Asset-Backed Certificates, Series 2005-HY1)
                 (Exact name of registrant as specified in charter)


                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-121661-30                          06-1199884
          (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
     August 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 Greenwich Capital Acceptance
                                  Inc., Registrant


          Date:  Aug 26, 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 August 25, 2005.



Greenpoint Mortgage Funding Trust 2005-HY1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HY1

August 25, 2005 Distribution

				External Parties						Table of Contents

													Page
				Seller									Page
				Seller						1. Certificate Payment Report					2
				Greenwich Capital Financial Products, In						1. Certificate Payment Report					2
				Greenwich Capital Financial Products, In						2. Collection Account Report					4
										2. Collection Account Report					4
										3. Credit Enhancement Report					6
										4. Collateral Report					7
				Certificate Insurer(s)						5. Delinquency Report					10
				Certificate Insurer(s)						5. Delinquency Report					10
										6. REO Report					13

										7. Foreclosure Report					14
										8. Prepayment Report					15
										9. Prepayment Detail Report					18
										9. Prepayment Detail Report					18
										10. Realized Loss Report					19
										11. Realized Loss Detail Report					22
				Servicer(s)						11. Realized Loss Detail Report					22
				Servicer(s)						12. Triggers and Adj. Cert. Report					23
				Greenpoint Mortgage						12. Triggers and Adj. Cert. Report					23
				Greenpoint Mortgage						13. Additional Certificate Report					24
										13. Additional Certificate Report					24


				Underwriter(s)
				Greenwich Capital Markets


										Total Number of Pages					24
										Total Number of Pages

				Dates						Contacts

				Cut-Off Date:			July 01, 2005			Marion Hogan
				Close Date:			July 28, 2005			Administrator
				First Distribution Date:			August 25, 2005			(714) 247-6282
										marion.c.hogan@db.com
										marion.c.hogan@db.com
										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92705
				Distribution Date:			August 25, 2005
										Factor Information:			(800) 735-7777
				Record Date:			July 29, 2005			Factor Information:			(800) 735-7777
										Main Phone Number:			(714) 247-6000

							August 24, 2005
							August 24, 2005

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






Page 1 of 24
Greenpoint Mortgage Funding Trust 2005-HY1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HY1

August 25, 2005 Distribution
Certificate Payment Report
Current Period Distribution -
					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)

1-A1A	STEP	$	282,549,000.00		282,549,000.00		824,375.95		3,754,264.83		4,578,640.78		0.00		0.00		278,794,735.17
1-A1A	STEP	$	282,549,000.00		282,549,000.00		824,375.95		3,754,264.83		4,578,640.78		0.00		0.00		278,794,735.17
1-A1B	STEP	$	31,394,000.00		31,394,000.00		93,793.94		417,136.10		510,930.04		0.00		0.00		30,976,863.90
2-A	STEP	$	117,937,000.00		117,937,000.00		345,932.15		876,789.14		1,222,721.29		0.00		0.00		117,060,210.86
M-1	MEZ	$	13,916,000.00		13,916,000.00		43,632.46		0.00		43,632.46		0.00		0.00		13,916,000.00
M-2	MEZ	$	6,238,000.00		6,238,000.00		19,752.80		0.00		19,752.80		0.00		0.00		6,238,000.00
M-3	MEZ	$	6,958,000.00		6,958,000.00		22,898.58		0.00		22,898.58		0.00		0.00		6,958,000.00
M-4	MEZ	$	3,599,000.00		3,599,000.00		11,984.17		0.00		11,984.17		0.00		0.00		3,599,000.00
M-5	MEZ	$	7,918,000.00		7,918,000.00		30,984.67		0.00		30,984.67		0.00		0.00		7,918,000.00
M-6	MEZ	$	2,399,000.00		2,399,000.00		11,160.35		0.00		11,160.35		0.00		0.00		2,399,000.00
M-7	MEZ	$	4,079,000.00		4,079,000.00		20,562.12		0.00		20,562.12		0.00		0.00		4,079,000.00
C	SUB	$	2,879,271.50		2,879,271.50		362,900.15		73.27		362,973.42		0.00		0.00		2,879,198.23
P	SUB	$	100.00		100.00		10,552.80		0.00		10,552.80		0.00		0.00		100.00
R	RES	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			479,866,371.50		479,866,371.50		1,798,530.14		5,048,263.34		6,846,793.48		0.00		0.00		474,818,108.16
Total




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)
1-A1A	07/28/05		08/24/05		A-Act/360		39538WBC1		282,549,000.00		1,000.000000		2.917639		13.287128		16.204767	986.712872
1-A1B	07/28/05		08/24/05		A-Act/360		39538WBM9		31,394,000.00		1,000.000000		2.987639		13.287128		16.274767	986.712872
2-A	07/28/05		08/24/05		A-Act/360		39538WBD9		117,937,000.00		1,000.000000		2.933194		7.434386		10.367580	992.565614
M-1	07/28/05		08/24/05		A-Act/360		39538WBE7		13,916,000.00		1,000.000000		3.135417		0.000000		3.135417	1,000.000000
M-2	07/28/05		08/24/05		A-Act/360		39538WBF4		6,238,000.00		1,000.000000		3.166528		0.000000		3.166528	1,000.000000
M-3	07/28/05		08/24/05		A-Act/360		39538WBG2		6,958,000.00		1,000.000000		3.290972		0.000000		3.290972	1,000.000000
M-4	07/28/05		08/24/05		A-Act/360		39538WBH0		3,599,000.00		1,000.000000		3.329861		0.000000		3.329861	1,000.000000
M-5	07/28/05		08/24/05		A-Act/360		39538WBJ6		7,918,000.00		1,000.000000		3.913194		0.000000		3.913194	1,000.000000
M-6	07/28/05		08/24/05		A-Act/360		39538WBK3		2,399,000.00		1,000.000000		4.652084		0.000000		4.652084	1,000.000000
M-7	07/28/05		08/24/05		A-Act/360		39538WBL1		4,079,000.00		1,000.000000		5.040971		0.000000		5.040971	1,000.000000
C	07/28/05		08/24/05		A-30/360				2,879,271.50		1,000.000000		126.038878		0.025447		126.064326	999.974553
P	07/28/05		08/24/05		A-30/360				100.00		1,000.000000		105,528.000000		0.000000		105,528.000000	1,000.000000
R	07/28/05		08/24/05		A-30/360		39538WBN7		0.00		0.000000		0.000000		0.000000		0.000000	0.000000




Page 2 of 24
Greenpoint Mortgage Funding Trust 2005-HY1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HY1

August 25, 2005 Distribution

Distribution to Date -
																	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)
1-A1A	282,549,000.00		824,375.95		3,725,252.44		29,012.39		3,754,264.83		4,578,640.78		0.00		0.00		278,794,735.17
1-A1B	31,394,000.00		93,793.94		413,912.54		3,223.57		417,136.10		510,930.04		0.00		0.00		30,976,863.90
2-A	117,937,000.00		345,932.15		870,013.45		6,775.69		876,789.14		1,222,721.29		0.00		0.00		117,060,210.86
M-1	13,916,000.00		43,632.46		0.00		0.00		0.00		43,632.46		0.00		0.00		13,916,000.00
M-2	6,238,000.00		19,752.80		0.00		0.00		0.00		19,752.80		0.00		0.00		6,238,000.00
M-3	6,958,000.00		22,898.58		0.00		0.00		0.00		22,898.58		0.00		0.00		6,958,000.00
M-4	3,599,000.00		11,984.17		0.00		0.00		0.00		11,984.17		0.00		0.00		3,599,000.00
M-5	7,918,000.00		30,984.67		0.00		0.00		0.00		30,984.67		0.00		0.00		7,918,000.00
M-6	2,399,000.00		11,160.35		0.00		0.00		0.00		11,160.35		0.00		0.00		2,399,000.00
M-7	4,079,000.00		20,562.12		0.00		0.00		0.00		20,562.12		0.00		0.00		4,079,000.00
C	2,879,271.50		362,900.15		72.70		0.57		73.27		362,973.42		0.00		0.00		2,879,198.23
P	100.00		10,552.80		0.00		0.00		0.00		10,552.80		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	479,866,371.50		1,798,530.14		5,009,251.13		39,012.22		5,048,263.34		6,846,793.48		0.00		0.00		474,818,108.16


Interest Detail -
	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)
1-A1A	3.75125%		282,549,000.00		824,375.95		0.00		0.00		0.00		824,375.95		824,375.95		0.00
1-A1B	3.84125%		31,394,000.00		93,793.94		0.00		0.00		0.00		93,793.94		93,793.94		0.00
2-A	3.77125%		117,937,000.00		345,932.15		0.00		0.00		0.00		345,932.15		345,932.15		0.00
M-1	4.03125%		13,916,000.00		43,632.46		0.00		0.00		0.00		43,632.46		43,632.46		0.00
M-2	4.07125%		6,238,000.00		19,752.80		0.00		0.00		0.00		19,752.80		19,752.80		0.00
M-3	4.23125%		6,958,000.00		22,898.58		0.00		0.00		0.00		22,898.58		22,898.58		0.00
M-4	4.28125%		3,599,000.00		11,984.17		0.00		0.00		0.00		11,984.17		11,984.17		0.00
M-5	4.79056%		7,918,000.00		29,502.39		0.00		0.00		0.00		29,502.39		30,984.67		0.00
M-6	4.79056%		2,399,000.00		8,938.65		0.00		0.00		0.00		8,938.65		11,160.35		0.00
M-7	4.79056%		4,079,000.00		15,198.31		0.00		0.00		0.00		15,198.31		20,562.12		0.00
C	168.05184%		2,879,271.50		326,610.14		0.00		0.00		0.00		326,610.14		362,900.15		0.00
P	0.00000%		100.00		0.00		0.00		0.00		0.00		0.00		10,552.80		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			479,866,371.50		1,742,619.54		0.00		0.00		0.00		1,742,619.54		1,798,530.14		0.00



Page 3 of 24
Greenpoint Mortgage Funding Trust 2005-HY1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HY1

August 25, 2005 Distribution
Collection Account Report
SUMMARY
SUMMARY
										Group 2		Group 1		Total
Principal Collections										876,801.86		4,171,461.48		5,048,263.34
Principal Withrawals										0.00		0.00		0.00
Principal Other Accounts										0.00		0.00		0.00
TOTAL NET PRINCIPAL										876,801.86		4,171,461.48		5,048,263.34
Interest Collections										477,010.76		1,380,996.64		1,858,007.40
Interest Withdrawals										-0.00		-0.00		-0.00
Interest Other Accounts										0.00		0.00		10,552.80
Interest Fees										-17,742.31		-52,287.75		-70,030.06
TOTAL NET INTEREST										459,268.45		1,328,708.89		1,798,530.14
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION										1,336,070.31		5,500,170.37		6,846,793.48



PRINCIPAL - COLLECTIONS
PRINCIPAL - COLLECTIONS
											Group 2		Group 1		Total
Scheduled Principal Received											5,392.02		33,620.20		39,012.22
Curtailments											5,109.84		28,114.83		33,224.67
Prepayments In Full											866,300.00		4,109,726.45		4,976,026.45
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											-476.13		-66.04		-542.17
Realized Losses											-0.00		-0.00		-0.00
Advanced Principal											476.13		66.04		542.17
TOTAL PRINCIPAL COLLECTED											876,801.86		4,171,461.48		5,048,263.34


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 4 of 24
Greenpoint Mortgage Funding Trust 2005-HY1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HY1

August 25, 2005 Distribution

INTEREST - COLLECTIONS
INTEREST - COLLECTIONS
										Group 2		Group 1		Total
Scheduled Interest										477,528.91		1,381,028.77		1,858,557.68
Repurchased/Substitution Interest										0.00		0.00		0.00
Liquidation Interest										0.00		0.00		0.00
Other Additional Interest										0.00		0.00		0.00
Prepayment Interest Shortfalls										-3,039.71		-12,593.14		-15,632.85
Delinquent Interest										-13,300.30		-908.10		-14,208.40
Compensating Interest										3,039.71		12,593.14		15,632.85
Civil Relief Act Shortfalls										-0.00		-0.00		-0.00
Interest Advanced										12,782.15		875.97		13,658.12
TOTAL INTEREST COLLECTED										477,010.76		1,380,996.64		1,858,007.40


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														10,552.80
TOTAL INTEREST OTHER ACCOUNTS										0.00		0.00		10,552.80



INTEREST - FEES
INTEREST - FEES
										Group 2		Group 1		Total
Current Servicing Fees										17,742.31		52,287.75		70,030.06
Trustee Fees										0.00		0.00		0.00
TOTAL INTEREST FEES										17,742.31		52,287.75		70,030.06




Page 5 of 24
Greenpoint Mortgage Funding Trust 2005-HY1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HY1

August 25, 2005 Distribution
Credit Enhancement Report

ACCOUNTS


Net WAC Rate Carryover Reserve Account

Amount Deposited in the Account						0.00
Begining Balance						9,067.79
Amount Withdrawn						9,067.79
Ending Balance						0.00




INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES
STRUCTURAL FEATURES
										Group 2		Group 1		Total
Overcollateralization Amount														2,879,271.50
Overcollateralization Target Amount														2,879,198.23
Overcollateralization Deficiency Amount														0.00
Overcollateralization Release Amount														73.27



Page 6 of 24
Greenpoint Mortgage Funding Trust 2005-HY1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HY1

August 25, 2005 Distribution
Collateral Report


COLLATERAL



											Group 2		Group 1		Total



Loan Count:


Original										176		1,385		1,561
Prior										176		1,385		1,561
Prefunding										0		0		0
Scheduled Paid Offs										-0		-0		-0
Full Voluntary Prepayments										-2		-21		-23
Repurchases										-0		-0		-0
Liquidations										-0		-0		-0
Current										174		1,364		1,538
Principal Balance:


Original										87,650,196.89		251,135,413.97		338,785,610.86
Prior										87,650,196.89		251,135,413.97		338,785,610.86
Prefunding										43,391,028.64		97,689,732.00		141,080,760.64
Scheduled Principal										-5,392.02		-33,620.20		-39,012.22
Partial Prepayments										-5,109.84		-28,114.83		-33,224.67
Full Voluntary Prepayments										-866,300.00		-4,109,726.45		-4,976,026.45
Repurchases										-0.00		-0.00		-0.00
Liquidations										-0.00		-0.00		-0.00
Current										130,164,423.67		344,653,684.49		474,818,108.16





PREFUNDING
PREFUNDING
										Group 2		Group 1		Total
Prefunding Account Original Balance										43,391,028.64		97,689,732.00		141,080,760.64
Prefunding Account Beginning Balance										43,391,028.64		97,689,732.00		141,080,760.64
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										43,391,028.64		97,689,732.00		141,080,760.64





Page 7 of 24
Greenpoint Mortgage Funding Trust 2005-HY1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HY1

August 25, 2005 Distribution

CHARACTERISTICS
CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Coupon Original										6.53775%		6.59897%		6.58313%
Weighted Average Coupon Prior										6.53775%		6.59897%		6.58313%
Weighted Average Coupon Current										6.53775%		6.59897%		6.58313%
Weighted Average Months to Maturity Original										357		357		357
Weighted Average Months to Maturity Prior										357		357		357
Weighted Average Months to Maturity Current										357		357		357
Weighted Avg Remaining Amortization Term Original										357		357		357
Weighted Avg Remaining Amortization Term Prior										357		357		357
Weighted Avg Remaining Amortization Term Current										357		357		357
Weighted Average Seasoning Original										2.76		2.75		2.75
Weighted Average Seasoning Prior										2.76		2.75		2.75
Weighted Average Seasoning Current										2.76		2.75		2.75









Page 8 of 24
Greenpoint Mortgage Funding Trust 2005-HY1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HY1

August 25, 2005 Distribution

ARM CHARACTERISTICS
ARM CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Margin Original										2.73494%		2.74840%		2.74492%
Weighted Average Margin Prior										2.73494%		2.74840%		2.74492%
Weighted Average Margin Current										2.73494%		2.74840%		2.74492%
Weighted Average Max Rate Original										12.45118%		12.42866%		12.43449%
Weighted Average Max Rate Prior										12.45118%		12.42866%		12.43449%
Weighted Average Max Rate Current										12.45118%		12.42866%		12.43449%
Weighted Average Min Rate Original										2.73494%		2.75143%		2.74716%
Weighted Average Min Rate Prior										2.73494%		2.75143%		2.74716%
Weighted Average Min Rate Current										2.73494%		2.75143%		2.74716%
Weighted Average Cap Up Original										2.00000%		2.00000%		2.00000%
Weighted Average Cap Up Prior										2.00000%		2.00000%		2.00000%
Weighted Average Cap Up Current										2.00000%		2.00000%		2.00000%
Weighted Average Cap Down Original										2.00000%		2.00000%		2.00000%
Weighted Average Cap Down Prior										2.00000%		2.00000%		2.00000%
Weighted Average Cap Down Current										2.00000%		2.00000%		2.00000%




SERVICING FEES & ADVANCES

											Group 2		Group 1		Total




Current Servicing Fees										17,742.31		52,287.75		70,030.06
Delinquent Servicing Fees										518.15		32.13		550.28
TOTAL SERVICING FEES										18,260.46		52,319.88		70,580.34


Total Servicing Fees										18,260.46		52,319.88		70,580.34
Compensating Interest										-3,039.71		-12,593.14		-15,632.85
Delinquent Servicing Fees										-518.15		-32.13		-550.28
COLLECTED SERVICING FEES										14,702.60		39,694.61		54,397.21


Total Advaced Interest										12,782.15		875.97		13,658.12
Total Advaced Principal										476.13		66.04		542.17
Aggregate Advances with respect to this Distribution										13,258.28		942.01		14,200.29





ADDITIONAL COLLATERAL INFORMATION
										Group 2		Group 1		Total
Prepayment Interest Shortfall (PPIS)										3,039.71		12,593.14		15,632.85
Compensating Interest										-3,039.71		-12,593.14		-15,632.85
Net Prepayment Interest Shortfall (PPIS)										0.00		0.00		0.00

Weighted Average Net Mortgage Rate														6.370507%

Libor For Current Period														3.48125%

Libor For Next Period														0.00000%



Page 9 of 24
Greenpoint Mortgage Funding Trust 2005-HY1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HY1

August 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				0.00		0.00		0.00		0.00
			% Balance				0.00%		0.00%		0.00%		0.00%
			# Loans				0		0		0		0
			% # Loans				0.00%		0.00%		0.00%		0.00%
	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		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%
	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		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%









Page 10 of 24
Greenpoint Mortgage Funding Trust 2005-HY1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HY1

August 25, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				0.00		0.00		0.00		0.00
			% Balance				0.00%		0.00%		0.00%		0.00%
			# Loans				0		0		0		0
			% # Loans				0.00%		0.00%		0.00%		0.00%
	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		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%
	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		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%










Page 11 of 24
Greenpoint Mortgage Funding Trust 2005-HY1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HY1

August 25, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				0.00		0.00		0.00		0.00
			% Balance				0.00%		0.00%		0.00%		0.00%
			# Loans				0		0		0		0
			% # Loans				0.00%		0.00%		0.00%		0.00%
	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		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%
	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		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%









Page 12 of 24
Greenpoint Mortgage Funding Trust 2005-HY1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HY1

August 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 13 of 24
Greenpoint Mortgage Funding Trust 2005-HY1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HY1

August 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




TOTAL


Page 14 of 24
Greenpoint Mortgage Funding Trust 2005-HY1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HY1

August 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS
VOLUNTARY PREPAYMENTS

											Group 2		Group 1		Total




Current


Number of Paid in Full Loans										2		21		23
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										2		21		23
Curtailments Amount										5,109.84		28,114.83		33,224.67
Paid in Full Balance										866,300.00		4,109,726.45		4,976,026.45
Repurchased Loans Balance										0.00		0.00		0.00
Total Prepayment Amount										871,409.84		4,137,841.28		5,009,251.12

Cumulative


Number of Paid in Full Loans										2		21		23
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										2		21		23
Paid in Full Balance										866,300.00		4,109,726.45		4,976,026.45
Repurchased Loans Balance										0.00		0.00		0.00
Curtailments Amount										5,109.84		28,114.83		33,224.67
Total Prepayment Amount										871,409.84		4,137,841.28		5,009,251.12










Page 15 of 24
Greenpoint Mortgage Funding Trust 2005-HY1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HY1

August 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES
VOLUNTARY PREPAYMENTS RATES

											Group 2		Group 1		Total



SMM										0.99%		1.65%		1.48%
3 Months Avg SMM										0.99%		1.65%		1.48%
12 Months Avg SMM										0.99%		1.65%		1.48%
Avg SMM Since Cut-off										0.99%		1.65%		1.48%


CPR										11.30%		18.08%		16.37%
3 Months Avg CPR										11.30%		18.08%		16.37%
12 Months Avg CPR										11.30%		18.08%		16.37%
Avg CPR Since Cut-off										11.30%		18.08%		16.37%


PSA										2,048.39%		3,286.60%		2,974.08%
3 Months Avg PSA Approximation										2,048.39%		3,286.59%		2,974.08%
12 Months Avg PSA Approximation										2,048.39%		3,286.59%		2,974.08%
Avg PSA Since Cut-off Approximation										2,048.39%		3,286.59%		2,974.08%










Page 16 of 24
Greenpoint Mortgage Funding Trust 2005-HY1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HY1

August 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 17 of 24
Greenpoint Mortgage Funding Trust 2005-HY1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HY1

August 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

85708915 1			337,600.00		337,508.57			11-Jul-2005		6.500%		NJ - 80.00%		Paid Off - 360		01-Apr-2005
			337,600.00

86593712 1			153,600.00		153,600.00			01-Jul-2005		6.500%		GA - 80.00%		Paid Off - 360		01-Jun-2005
86593712 1					153,600.00			01-Jul-2005		6.500%		GA - 80.00%		Paid Off - 360		01-Jun-2005
86618485 1			117,600.00		117,600.00			18-Jul-2005		7.500%		WA - 80.00%		Paid Off - 360		01-Jun-2005
86618485 1					117,600.00			18-Jul-2005		7.500%		WA - 80.00%		Paid Off - 360		01-Jun-2005
86623402 1			216,000.00		216,000.00			11-Jul-2005		6.125%		AZ - 80.00%		Paid Off - 360		01-Jun-2005
86623402 1					216,000.00			11-Jul-2005		6.125%		AZ - 80.00%		Paid Off - 360		01-Jun-2005
86632882 1			201,600.00		201,600.00			20-Jul-2005		6.500%		AZ - 80.00%		Paid Off - 360		01-Jun-2005
86632882 1					201,600.00			20-Jul-2005		6.500%		AZ - 80.00%		Paid Off - 360		01-Jun-2005
86651361 1			230,800.00		230,800.00			25-Jul-2005		6.500%		FL - 80.00%		Paid Off - 360		01-Jun-2005
86651361 1					230,800.00			25-Jul-2005		6.500%		FL - 80.00%		Paid Off - 360		01-Jun-2005
86672078 1			252,500.00		251,961.99			06-Jul-2005		6.500%		IL - 79.65%		Paid Off - 360		01-Jun-2005
86672078 1					251,961.99			06-Jul-2005		6.500%		IL - 79.65%		Paid Off - 360		01-Jun-2005
86743986 1			228,200.00		228,200.00			04-Jul-2005		7.125%		NJ - 80.00%		Paid Off - 360		01-Jul-2005
86743986 1					228,200.00			04-Jul-2005		7.125%		NJ - 80.00%		Paid Off - 360		01-Jul-2005
86753571 1			157,600.00		157,600.00			20-Jul-2005		6.000%		AZ - 77.64%		Paid Off - 360		01-Jun-2005
86753571 1					157,600.00			20-Jul-2005		6.000%		AZ - 77.64%		Paid Off - 360		01-Jun-2005
86764073 2			463,200.00		463,200.00			07-Jul-2005		6.250%		FL - 80.00%		Paid Off - 360		01-Jun-2005
86764073 2					463,200.00			07-Jul-2005		6.250%		FL - 80.00%		Paid Off - 360		01-Jun-2005
86768660 1			288,000.00		288,000.00			06-Jul-2005		6.125%		AZ - 80.00%		Paid Off - 360		01-Jul-2005
86768660 1					288,000.00			06-Jul-2005		6.125%		AZ - 80.00%		Paid Off - 360		01-Jul-2005
86777034 1			81,550.00		81,550.00			06-Jul-2005		6.500%		SC - 70.00%		Paid Off - 360		01-Jun-2005
86777034 1					81,550.00			06-Jul-2005		6.500%		SC - 70.00%		Paid Off - 360		01-Jun-2005
86783800 1			102,400.00		102,399.99			14-Jul-2005		6.625%		NC - 80.00%		Paid Off - 360		01-Jun-2005
86783800 1					102,399.99			14-Jul-2005		6.625%		NC - 80.00%		Paid Off - 360		01-Jun-2005
86788502 1			46,700.00		46,700.00			13-Jul-2005		6.250%		MO - 89.98%		Paid Off - 360		01-Jul-2005
86788502 1					46,700.00			13-Jul-2005		6.250%		MO - 89.98%		Paid Off - 360		01-Jul-2005
86793791 1			200,000.00		200,000.00			22-Jul-2005		6.375%		CA - 78.74%		Paid Off - 360		01-Jul-2005
86793791 1					200,000.00			22-Jul-2005		6.375%		CA - 78.74%		Paid Off - 360		01-Jul-2005
202162897 1			251,200.00		251,200.00			11-Jul-2005		7.875%		FL - 80.00%		Paid Off - 360		01-Apr-2005
202162897 1					251,200.00			11-Jul-2005		7.875%		FL - 80.00%		Paid Off - 360		01-Apr-2005
202206421 1			129,750.00		129,750.00			25-Jul-2005		6.875%		FL - 79.98%		Paid Off - 360		01-Apr-2005
202206421 1					129,750.00			25-Jul-2005		6.875%		FL - 79.98%		Paid Off - 360		01-Apr-2005
202233102 1			202,977.00		202,977.00			21-Jul-2005		7.125%		NV - 95.00%		Paid Off - 360		01-May-2005
202233102 1					202,977.00			21-Jul-2005		7.125%		NV - 95.00%		Paid Off - 360		01-May-2005
202261582 1			111,192.00		110,227.25			25-Jul-2005		6.125%		FL - 80.00%		Paid Off - 360		01-May-2005
202261582 1					110,227.25			25-Jul-2005		6.125%		FL - 80.00%		Paid Off - 360		01-May-2005
202270229 1			183,100.00		183,099.98			26-Jul-2005		6.500%		FL - 79.97%		Paid Off - 360		01-May-2005
202270229 1					183,099.98			26-Jul-2005		6.500%		FL - 79.97%		Paid Off - 360		01-May-2005
202278842 1			459,000.00		459,000.00			07-Jul-2005		7.125%		CA - 90.00%		Paid Off - 360		01-Jun-2005
202278842 1					459,000.00			07-Jul-2005		7.125%		CA - 90.00%		Paid Off - 360		01-Jun-2005
202303491 1			160,000.00		159,951.67			25-Jul-2005		7.250%		IL - 80.00%		Paid Off - 360		01-Jun-2005
202303491 1					159,951.67			25-Jul-2005		7.250%		IL - 80.00%		Paid Off - 360		01-Jun-2005
202314720 2			403,100.00		403,100.00			15-Jul-2005		6.875%		VA - 80.00%		Paid Off - 360		01-Jun-2005
202314720 2					403,100.00			15-Jul-2005		6.875%		VA - 80.00%		Paid Off - 360		01-Jun-2005


TOTAL			4,977,669.00		4,976,026.45
TOTAL


Page 18 of 24
Greenpoint Mortgage Funding Trust 2005-HY1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HY1

August 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										0		0		0
Collateral Realized Loss/(Gain) Amount										0.00		0.00		0.00
Net Liquidation Proceeds										0.00		0.00		0.00










Page 19 of 24
Greenpoint Mortgage Funding Trust 2005-HY1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HY1

August 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										0.00%		0.00%		0.00%
Avg CDR Since Cut-off										0.00%		0.00%		0.00%


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


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										0.00%		0.00%		0.00%
Avg Loss Severity Approximation Since Cut-off										0.00%		0.00%		0.00%












Page 20 of 24
Greenpoint Mortgage Funding Trust 2005-HY1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HY1

August 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 21 of 24
Greenpoint Mortgage Funding Trust 2005-HY1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HY1

August 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 22 of 24
Greenpoint Mortgage Funding Trust 2005-HY1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HY1

August 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
						a) Does a Delinquency Trigger Event Exists								0
						b) Does a Loss Trigger Event Exists (0=No,1=Yes)								0

						60+ days Delinqueny Balance								0.00
						Ending Collateral Balance								474,818,108.16
						Delinquency Percentage								0.0000%

						Senior Enhancement Percentage								9.999924%

						Cumulative Loss Percentage


ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION

SPACE INTENTIONALLY LEFT BLANK




Page 23 of 24
Greenpoint Mortgage Funding Trust 2005-HY1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HY1

August 25, 2005 Distribution
Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

													NET WAC Shortfall CarryOver		NET WAC Shortfall Paid
CLASS

			1-A1A										$0.00		$0.00
													$0.00		$0.00
			1-A1B										$0.00		$0.00
													$0.00		$0.00
			2-A										$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		#######
			M-6										$0.00		#######
													$0.00		#######
			M-7										$0.00		#######
													$0.00		#######






Page 24 of 24

Greenpoint Mortgage Funding Trust 2005-HY1 8-K