
                                    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)

            Financial Asset Securities Corp. (as Depositor under the
              Pooling and Servicing Agreement, dated as May 1, 2005,
          providing for the issuance of Soundview Home Loan Trust 2005-OPT1
              Mortgage Pass-Through Certificates, Series 2005-OPT1)
                 (Exact name of registrant as specified in charter)

                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-121661-14                          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
     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 Financial Asset Securities
                                  Corp., 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.



Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

August 25, 2005 Distribution

				External Parties						Table of Contents

													Page
				Seller
										1. Certificate Payment Report					2
				Greenwich Capital Markets
										2. Collection Account Report					4

										3. Credit Enhancement Report					6
										4. Collateral Report					7
				Certificate Insurer(s)						5. Delinquency Report					11

										6. REO Report					14

										7. Foreclosure Report					15
										8. Prepayment Report					16
										9. Prepayment Detail Report					19

										10. Realized Loss Detail Report					23
										11. Triggers and Adj. Cert. Report					24
				Servicer(s)
										12. Additional Certificate Report					25
				Option One



				Underwriter(s)
				Greenwich Capital Markets


										Total Number of Pages					25


				Dates						Contacts

				Cut-Off Date:			May 01, 2005			Hang Luu
				Close Date:			May 12, 2005			Administrator
				First Distribution Date:			June 27, 2005			(714) 247-6000
										hang-thai.luu@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
										Main Phone Number:			(714) 247-6000

							August 24, 2005


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






Page 1 of 25
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

August 25, 2005 Distribution
Certificate Payment Report
Current Period Distribution -
					Prior												Current
	Class		Original		Principal						Total		Realized		Deferred		Principal

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


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

I-A1		$	973,300,000.00		939,092,729.25		2,951,620.62		19,732,328.50		22,683,949.12		0.00		0.00		919,360,400.75

II-A1		$	94,482,000.00		83,339,560.55		254,046.76		8,705,133.96		8,959,180.72		0.00		0.00		74,634,426.59
II-A2		$	67,248,000.00		67,248,000.00		207,310.64		0.00		207,310.64		0.00		0.00		67,248,000.00
II-A3		$	91,038,000.00		91,038,000.00		289,273.25		0.00		289,273.25		0.00		0.00		91,038,000.00
II-A4		$	36,932,000.00		36,932,000.00		119,577.61		0.00		119,577.61		0.00		0.00		36,932,000.00
M-1		$	37,500,000.00		37,500,000.00		122,385.42		0.00		122,385.42		0.00		0.00		37,500,000.00
M-2		$	66,000,000.00		66,000,000.00		222,218.33		0.00		222,218.33		0.00		0.00		66,000,000.00
M-3		$	27,750,000.00		27,750,000.00		94,627.50		0.00		94,627.50		0.00		0.00		27,750,000.00
M-4		$	17,250,000.00		17,250,000.00		59,565.21		0.00		59,565.21		0.00		0.00		17,250,000.00
M-5		$	17,250,000.00		17,250,000.00		61,793.33		0.00		61,793.33		0.00		0.00		17,250,000.00
M-6		$	22,500,000.00		22,500,000.00		84,475.00		0.00		84,475.00		0.00		0.00		22,500,000.00
M-7		$	11,250,000.00		11,250,000.00		43,206.25		0.00		43,206.25		0.00		0.00		11,250,000.00
M-8		$	15,000,000.00		15,000,000.00		67,295.83		0.00		67,295.83		0.00		0.00		15,000,000.00
M-9		$	7,500,000.00		7,500,000.00		43,335.42		0.00		43,335.42		0.00		0.00		7,500,000.00
M-10		$	7,500,000.00		7,500,000.00		43,335.42		0.00		43,335.42		0.00		0.00		7,500,000.00
C		$	7,499,900.00		7,500,000.00		2,323,314.29		0.00		2,323,314.29		0.00		0.00		7,500,000.00
P		$	100.00		100.00		459,587.51		0.00		459,587.51		0.00		0.00		100.00
R		$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00

Total			1,500,000,000.00		1,454,650,389.80		7,446,968.39		28,437,462.46		35,884,430.85		0.00		0.00		1,426,212,927.34





Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face-
									Orig. Principal		Prior							Current

	Period		Period						(with Notional)		Principal						Total	Principal

Class	Starting		Ending		Method		Cusip		Balance		Balance		Interest		Principal		Distribution	Balance

									(1)		(1)		(2)		(3)		(4)=(2)+(3)	(5)
I-A1	07/25/05		08/24/05		A-Act/360		83611MDB1		973,300,000.00		964.854340		3.032591		20.273635		23.306225	944.580706
II-A1	07/25/05		08/24/05		A-Act/360		83611MDC9		94,482,000.00		882.068125		2.688838		92.135369		94.824207	789.932755
II-A2	07/25/05		08/24/05		A-Act/360		83611MDD7		67,248,000.00		1,000.000000		3.082778		0.000000		3.082778	1,000.000000
II-A3	07/25/05		08/24/05		A-Act/360		83611MDE5		91,038,000.00		1,000.000000		3.177500		0.000000		3.177500	1,000.000000
II-A4	07/25/05		08/24/05		A-Act/360		83611MDF2		36,932,000.00		1,000.000000		3.237778		0.000000		3.237778	1,000.000000
M-1	07/25/05		08/24/05		A-Act/360		83611MDG0		37,500,000.00		1,000.000000		3.263611		0.000000		3.263611	1,000.000000
M-2	07/25/05		08/24/05		A-Act/360		83611MDH8		66,000,000.00		1,000.000000		3.366944		0.000000		3.366944	1,000.000000
M-3	07/25/05		08/24/05		A-Act/360		83611MDJ4		27,750,000.00		1,000.000000		3.410000		0.000000		3.410000	1,000.000000
M-4	07/25/05		08/24/05		A-Act/360		83611MDK1		17,250,000.00		1,000.000000		3.453056		0.000000		3.453056	1,000.000000
M-5	07/25/05		08/24/05		A-Act/360		83611MDL9		17,250,000.00		1,000.000000		3.582222		0.000000		3.582222	1,000.000000
M-6	07/25/05		08/24/05		A-Act/360		83611MDM7		22,500,000.00		1,000.000000		3.754444		0.000000		3.754444	1,000.000000
M-7	07/25/05		08/24/05		A-Act/360		83611MDN5		11,250,000.00		1,000.000000		3.840556		0.000000		3.840556	1,000.000000
M-8	07/25/05		08/24/05		A-Act/360		83611MDP0		15,000,000.00		1,000.000000		4.486389		0.000000		4.486389	1,000.000000
M-9	07/25/05		08/24/05		A-Act/360		83611MDQ8		7,500,000.00		1,000.000000		5.778056		0.000000		5.778056	1,000.000000
M-10	07/25/05		08/24/05		A-Act/360		83611MDR6		7,500,000.00		1,000.000000		5.778056		0.000000		5.778056	1,000.000000
C	07/01/05		07/30/05		A-30/360				7,499,900.00		1,000.013334		309.779369		0.000000		309.779369	1,000.013334
P	07/01/05		07/30/05		A-30/360				100.00		1,000.000000		4,595,875.100000		0.000000		4,595,875.100000	1,000.000000
R	07/01/05		07/30/05		A-30/360				0.00		0.000000		0.000000		0.000000		0.000000	0.000000



Page 2 of 25
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

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)
I-A1	973,300,000.00		9,648,331.33		52,080,981.20		1,858,618.05		53,939,599.25		63,587,930.58		0.00		0.00		919,360,400.75
II-A1	94,482,000.00		872,102.08		19,166,396.33		681,177.08		19,847,573.41		20,719,675.49		0.00		0.00		74,634,426.59
II-A2	67,248,000.00		662,771.33		0.00		0.00		0.00		662,771.33		0.00		0.00		67,248,000.00
II-A3	91,038,000.00		926,444.78		0.00		0.00		0.00		926,444.78		0.00		0.00		91,038,000.00
II-A4	36,932,000.00		383,377.38		0.00		0.00		0.00		383,377.38		0.00		0.00		36,932,000.00
M-1	37,500,000.00		392,554.84		0.00		0.00		0.00		392,554.84		0.00		0.00		37,500,000.00
M-2	66,000,000.00		713,996.50		0.00		0.00		0.00		713,996.50		0.00		0.00		66,000,000.00
M-3	27,750,000.00		304,249.96		0.00		0.00		0.00		304,249.96		0.00		0.00		27,750,000.00
M-4	17,250,000.00		191,643.98		0.00		0.00		0.00		191,643.98		0.00		0.00		17,250,000.00
M-5	17,250,000.00		199,190.85		0.00		0.00		0.00		199,190.85		0.00		0.00		17,250,000.00
M-6	22,500,000.00		272,939.15		0.00		0.00		0.00		272,939.15		0.00		0.00		22,500,000.00
M-7	11,250,000.00		139,750.83		0.00		0.00		0.00		139,750.83		0.00		0.00		11,250,000.00
M-8	15,000,000.00		219,146.92		0.00		0.00		0.00		219,146.92		0.00		0.00		15,000,000.00
M-9	7,500,000.00		142,385.98		0.00		0.00		0.00		142,385.98		0.00		0.00		7,500,000.00
M-10	7,500,000.00		142,385.98		0.00		0.00		0.00		142,385.98		0.00		0.00		7,500,000.00
C	7,499,900.00		7,412,893.38		-96.43		-3.57		0.00		7,412,893.38		0.00		100.00		7,500,000.00
P	100.00		1,045,267.95		0.00		0.00		0.00		1,045,267.95		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	1,500,000,000.00		23,669,433.22		71,247,281.10		2,539,791.56		73,787,172.66		97,456,605.88		0.00		100.00		1,426,212,927.34


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


	Through		(with Notional)		Accrued		Supported		Unpaid		Interest		Optimal		Deferred		Unpaid

Class	Rate		Balance		Interest		Interest SF		Interest		Adjustment		Interest		Interest		Interest
					(1)		(2)		(3)		(4)		(5)=(1)-(2)+(3)+(4)		(6)		(7)=(5)-(6)
I-A1	3.65000%		939,092,729.25		2,951,620.62		0.00		0.00		0.00		2,951,620.62		2,951,620.62		0.00
II-A1	3.54000%		83,339,560.55		254,046.76		0.00		0.00		0.00		254,046.76		254,046.76		0.00
II-A2	3.58000%		67,248,000.00		207,310.64		0.00		0.00		0.00		207,310.64		207,310.64		0.00
II-A3	3.69000%		91,038,000.00		289,273.25		0.00		0.00		0.00		289,273.25		289,273.25		0.00
II-A4	3.76000%		36,932,000.00		119,577.61		0.00		0.00		0.00		119,577.61		119,577.61		0.00
M-1	3.79000%		37,500,000.00		122,385.42		0.00		0.00		0.00		122,385.42		122,385.42		0.00
M-2	3.91000%		66,000,000.00		222,218.33		0.00		0.00		0.00		222,218.33		222,218.33		0.00
M-3	3.96000%		27,750,000.00		94,627.50		0.00		0.00		0.00		94,627.50		94,627.50		0.00
M-4	4.01000%		17,250,000.00		59,565.21		0.00		0.00		0.00		59,565.21		59,565.21		0.00
M-5	4.16000%		17,250,000.00		61,793.33		0.00		0.00		0.00		61,793.33		61,793.33		0.00
M-6	4.36000%		22,500,000.00		84,475.00		0.00		0.00		0.00		84,475.00		84,475.00		0.00
M-7	4.46000%		11,250,000.00		43,206.25		0.00		0.00		0.00		43,206.25		43,206.25		0.00
M-8	5.21000%		15,000,000.00		67,295.83		0.00		0.00		0.00		67,295.83		67,295.83		0.00
M-9	6.71000%		7,500,000.00		43,335.42		0.00		0.00		0.00		43,335.42		43,335.42		0.00
M-10	6.71000%		7,500,000.00		43,335.42		0.00		0.00		0.00		43,335.42		43,335.42		0.00
C	371.73029%		7,500,000.00		0.00		-15,880,249.16		0.00		0.00		27,096,431.74		2,323,314.29		24,773,117.45
P	5,515,050.12000%		100.00		0.00		0.00		0.00		0.00		0.00		459,587.51		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00

Total			1,454,650,389.80		4,664,066.59		-15,880,249.16		0.00		0.00		31,760,498.33		7,446,968.39		24,773,117.45



Page 3 of 25
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

August 25, 2005 Distribution
Collection Account Report
SUMMARY

										Group 2		Group 1		Total
Principal Collections										8,705,133.96		19,732,328.50		28,437,462.46
Principal Withrawals										0.00		0.00		0.00
Principal Other Accounts										0.00		0.00		0.00
TOTAL NET PRINCIPAL										8,705,133.96		19,732,328.50		28,437,462.46
Interest Collections										1,973,120.90		6,781,814.05		8,754,934.95
Interest Withdrawals										-0.00		-0.00		-0.00
Interest Other Accounts										0.00		459,587.51		459,587.51
Interest Fees										-62,422.15		-209,653.52		-1,767,554.07
TOTAL NET INTEREST										1,910,698.75		7,031,748.04		7,446,968.39
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION										10,615,832.71		26,764,076.54		35,884,430.85



PRINCIPAL - COLLECTIONS

											Group 2		Group 1		Total
Scheduled Principal Received											179,054.21		758,541.85		937,596.06
Curtailments											10,579.79		55,774.26		66,354.05
Prepayments In Full											8,515,499.96		18,918,012.39		27,433,512.35
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											-48,329.80		-189,632.17		-237,961.97
Realized Losses											-0.00		-0.00		-0.00
Advanced Principal											48,329.80		189,632.17		237,961.97
TOTAL PRINCIPAL COLLECTED											8,705,133.96		19,732,328.50		28,437,462.46


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



PRINCIPAL - OTHER ACCOUNTS

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





Page 4 of 25
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

August 25, 2005 Distribution

INTEREST - COLLECTIONS

										Group 2		Group 1		Total
Scheduled Interest										#######		6,852,582.51		8,846,521.87
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										-5,125.15		-13,546.26		-18,671.41
Delinquent Interest										-537,498.07		-1,807,580.87		-2,345,078.94
Compensating Interest										5,125.15		13,546.26		18,671.41
Civil Relief Act Shortfalls										-0.00		-0.00		-0.00
Interest Advanced										516,679.61		1,736,812.41		2,253,492.02
TOTAL INTEREST COLLECTED										1,973,120.90		6,781,814.05		8,754,934.95


INTEREST - WITHDRAWALS

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



INTEREST - OTHER ACCOUNTS

										Group 2		Group 1		Total
Prepayment Charges														459,587.51
Withdrawl from Interest Coverage										0.00		0.00		0.00
TOTAL INTEREST OTHER ACCOUNTS										0.00		459,587.51		459,587.51



INTEREST - FEES

										Group 2		Group 1		Total
Current Servicing Fees										62,422.15		209,653.52		272,075.67
Trustee Fees										0.00		0.00		0.00
Credit Risk Management Fees														17,827.66
Custodian Fees														3,636.63
MGIC Premium Fee														1,474,014.11
TOTAL INTEREST FEES										62,422.15		209,653.52		1,767,554.07



Page 5 of 25
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

August 25, 2005 Distribution
Credit Enhancement Report
ACCOUNTS


SPACE INTENTIONALLY LEFT BLANK





INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES

										Group 2		Group 1		Total
Overcollateralization Target Amount														7,500,000.00
Overcollateralization Amount														7,500,000.00
Excess Overcollateralized Amount														0.00
Overcollateralization Release Amount														0.00
Overcollateralization Deficiency Amount														0.00
Extra Principal distribution Amount														0.00



Page 6 of 25
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

August 25, 2005 Distribution
Collateral Report


COLLATERAL



											Group 2		Group 1		Total



Loan Count:


Original										993		7,043		8,036
Prior										956		6,872		7,828
Prefunding										0		0		0
Scheduled Paid Offs										-0		-0		-0
Full Voluntary Prepayments										-25		-102		-127
Repurchases										-0		-0		-0
Liquidations										-0		-0		-0
Current										931		6,770		7,701
Principal Balance:


Original										344,226,121.04		1,155,773,876.20		1,499,999,997.24
Prior										332,962,461.45		1,121,687,928.35		1,454,650,389.80
Prefunding										113,857,537.83		376,435,569.62		490,293,107.45
Scheduled Principal										-179,054.21		-758,541.85		-937,596.06
Partial Prepayments										-10,579.79		-55,774.26		-66,354.05
Full Voluntary Prepayments										-8,515,499.96		-18,918,012.39		-27,433,512.35
Repurchases										-0.00		-0.00		-0.00
Liquidations										-0.00		-0.00		-0.00
Current										324,257,327.49		1,101,955,599.85		1,426,212,927.34





PREFUNDING

										Group 2		Group 1		Total
Prefunding Account Original Balance										113,857,537.83		376,435,569.62		490,293,107.45
Prefunding Account Beginning Balance										113,857,537.83		376,435,569.62		490,293,107.45
Subsequent Loans Added to the Pool										113,857,537.83		376,435,569.62		490,293,107.45
Prefund Release to Certificate Holders										0.00		0.00		0.00
Prefunding Account Ending Balance										0.00		0.00		0.00
Withdrawal from Interest Coverage Account Balance										0.00		0.00		0.00




Page 7 of 25
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

August 25, 2005 Distribution


CHARACTERISTICS

										Group 2		Group 1		Total
Weighted Average Coupon Original										7.19262%		7.34370%		7.30904%
Weighted Average Coupon Prior										7.18768%		7.33745%		7.30321%
Weighted Average Coupon Current										7.18618%		7.33100%		7.29785%
Weighted Average Months to Maturity Original										356		355		355
Weighted Average Months to Maturity Prior										355		354		354
Weighted Average Months to Maturity Current										354		353		353
Weighted Avg Remaining Amortization Term Original										356		355		355
Weighted Avg Remaining Amortization Term Prior										355		354		354
Weighted Avg Remaining Amortization Term Current										354		353		353
Weighted Average Seasoning Original										2.63		2.62		2.62
Weighted Average Seasoning Prior										3.63		3.61		3.61
Weighted Average Seasoning Current										4.62		4.60		4.60






Page 8 of 25
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

August 25, 2005 Distribution



ARM CHARACTERISTICS

										Group 2		Group 1		Total
Weighted Average Margin Original										5.24098%		5.34591%		5.32127%
Weighted Average Margin Prior										5.23519%		5.34168%		5.31673%
Weighted Average Margin Current										5.23533%		5.33596%		5.31231%
Weighted Average Max Rate Original										13.12627%		13.32773%		13.28042%
Weighted Average Max Rate Prior										13.12031%		13.32181%		13.27461%
Weighted Average Max Rate Current										13.11954%		13.31518%		13.26921%
Weighted Average Min Rate Original										7.09125%		7.31169%		7.25992%
Weighted Average Min Rate Prior										7.08865%		7.30558%		7.25477%
Weighted Average Min Rate Current										7.08883%		7.29891%		7.24955%
Weighted Average Cap Up Original										1.01214%		1.00669%		1.00797%
Weighted Average Cap Up Prior										1.01232%		1.00676%		1.00807%
Weighted Average Cap Up Current										1.01252%		1.00663%		1.00801%
Weighted Average Cap Down Original										1.01214%		1.00669%		1.00797%
Weighted Average Cap Down Prior										1.01232%		1.00676%		1.00807%
Weighted Average Cap Down Current										1.01252%		1.00663%		1.00801%





Page 9 of 25
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

August 25, 2005 Distribution

SERVICING FEES & ADVANCES

											Group 2		Group 1		Total




Current Servicing Fees										62,422.15		209,653.52		272,075.67
Delinquent Servicing Fees										20,818.46		70,768.46		91,586.92
TOTAL SERVICING FEES										83,240.62		280,421.99		363,662.61


Total Servicing Fees										83,240.62		280,421.99		363,662.61
Compensating Interest										-5,125.15		-13,546.26		-18,671.41
Delinquent Servicing Fees										-20,818.46		-70,768.46		-91,586.92
COLLECTED SERVICING FEES										57,297.01		196,107.27		253,404.28


Total Advaced Interest										516,679.61		1,736,812.41		2,253,492.02
Total Advaced Principal										48,329.80		189,632.17		237,961.97
Aggregate Advances with respect to this Distribution										565,009.41		1,926,444.58		2,491,453.99





ADDITIONAL COLLATERAL INFORMATION
										Group 2		Group 1		Total
Prepayment Interest Shortfall (PPIS)										5,125.15		13,546.26		18,671.41
Compensating Interest										-5,125.15		-13,546.26		-18,671.41
Net Prepayment Interest Shortfall (PPIS)										0.00		0.00		0.00

Weighted Average Net Mortgage Rate										6.886177%		7.522678%

Libor For Current Period														3.4600%

Libor For Next Period														3.6413%



Page 10 of 25
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

August 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				12,738,699.23		2,340,143.34		983,262.91		16,062,105.48
			% Balance				0.89%		0.16%		0.07%		1.13%
			# Loans				73		13		3		89
			% # Loans				0.95%		0.17%		0.04%		1.16%
	FORECLOSURE		Balance		3,219,465.51		0.00		0.00		0.00		3,219,465.51
			% Balance		0.23%		0.00%		0.00%		0.00%		0.23%
			# Loans		15		0		0		0		15
			% # Loans		0.19%		0.00%		0.00%		0.00%		0.19%
	BANKRUPTCY		Balance		1,304,940.78		622,291.56		0.00		0.00		1,927,232.34
			% Balance		0.09%		0.04%		0.00%		0.00%		0.14%
			# Loans		10		5		0		0		15
			% # Loans		0.13%		0.06%		0.00%		0.00%		0.19%
	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		4,524,406.29		13,360,990.79		2,340,143.34		983,262.91		21,208,803.33
			% Balance		0.32%		0.94%		0.16%		0.07%		1.49%
			# Loans		25		78		13		3		119
			% # Loans		0.32%		1.01%		0.17%		0.04%		1.55%









Page 11 of 25
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

August 25, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				8,129,194.48		1,855,842.24		129,727.69		10,114,764.41
			% Balance				0.74%		0.17%		0.01%		0.92%
			# Loans				57		11		1		69
			% # Loans				0.84%		0.16%		0.01%		1.02%
	FORECLOSURE		Balance		2,049,189.53		0.00		0.00		0.00		2,049,189.53
			% Balance		0.19%		0.00%		0.00%		0.00%		0.19%
			# Loans		12		0		0		0		12
			% # Loans		0.18%		0.00%		0.00%		0.00%		0.18%
	BANKRUPTCY		Balance		1,304,940.78		622,291.56		0.00		0.00		1,927,232.34
			% Balance		0.12%		0.06%		0.00%		0.00%		0.17%
			# Loans		10		5		0		0		15
			% # Loans		0.15%		0.07%		0.00%		0.00%		0.22%
	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		3,354,130.31		8,751,486.04		1,855,842.24		129,727.69		14,091,186.28
			% Balance		0.30%		0.79%		0.17%		0.01%		1.28%
			# Loans		22		62		11		1		96
			% # Loans		0.33%		0.92%		0.16%		0.01%		1.42%










Page 12 of 25
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

August 25, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				4,609,504.75		484,301.10		853,535.22		5,947,341.07
			% Balance				1.42%		0.15%		0.26%		1.83%
			# Loans				16		2		2		20
			% # Loans				1.72%		0.21%		0.21%		2.15%
	FORECLOSURE		Balance		1,170,275.98		0.00		0.00		0.00		1,170,275.98
			% Balance		0.36%		0.00%		0.00%		0.00%		0.36%
			# Loans		3		0		0		0		3
			% # Loans		0.32%		0.00%		0.00%		0.00%		0.32%
	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		1,170,275.98		4,609,504.75		484,301.10		853,535.22		7,117,617.05
			% Balance		0.36%		1.42%		0.15%		0.26%		2.19%
			# Loans		3		16		2		2		23
			% # Loans		0.32%		1.72%		0.21%		0.21%		2.47%









Page 13 of 25
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

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 14 of 25
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

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
21062910 1
			202,500.00		202,043.58		01-Jul-2005		9.990%		CA - 74.93%		360		01-Apr-2005

51055055 1			254,400.00		253,260.69		01-Jul-2005		7.550%		GA - 83.50%		360		01-Mar-2005
121037470 1			67,680.00		67,416.54		01-Jul-2005		8.250%		WI - 79.85%		360		01-Mar-2005
161039316 1			222,000.00		221,149.17		01-Jul-2005		7.400%		MA - 73.89%		360		01-Apr-2005
231062719 1			160,000.00		159,493.21		01-Jul-2005		8.350%		NY - 79.90%		360		01-Apr-2005
331034400 1			220,000.00		219,213.52		01-Jul-2005		7.750%		NY - 79.89%		360		01-Apr-2005
391011617 1			97,600.00		97,274.01		01-Aug-2005		6.950%		LA - 79.87%		360		01-May-2005
511033673 1			180,090.00		179,242.64		01-Jul-2005		7.300%		WA - 86.80%		360		01-Mar-2005
521023003 1			229,500.00		228,850.48		01-Jul-2005		8.900%		OH - 89.90%		360		01-Apr-2005
641007108 1			104,500.00		104,188.64		01-Jul-2005		8.650%		TX - 94.89%		360		01-Apr-2005
841003166 1			70,400.00		70,190.24		01-Jul-2005		8.650%		MI - 79.91%		360		01-Apr-2005
851000467 1			248,000.00		246,866.81		01-Jul-2005		6.500%		NY - 79.85%		360		01-Apr-2005
21062049 2			150,000.00		149,575.98		01-Jul-2005		9.800%		CA - 55.48%		360		01-Mar-2005
271019742 2			503,200.00		503,200.00		01-Jul-2005		6.200%		MN - 80.00%		360		01-Mar-2005
381019246 2			517,500.00		517,500.00		01-Jul-2005		8.700%		MA - 90.00%		360		01-Mar-2005


TOTAL			3,227,370.00		3,219,465.51


Page 15 of 25
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

August 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS


											Group 2		Group 1		Total




Current


Number of Paid in Full Loans										25		102		127
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										25		102		127
Curtailments Amount										10,579.79		55,774.26		66,354.05
Paid in Full Balance										8,515,499.96		18,918,012.39		27,433,512.35
Repurchased Loans Balance										0.00		0.00		0.00
Total Prepayment Amount										8,526,079.75		18,973,786.65		27,499,866.40

Cumulative


Number of Paid in Full Loans										62		273		335
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										62		273		335
Paid in Full Balance										19,307,157.08		51,680,512.17		70,987,669.25
Repurchased Loans Balance										0.00		0.00		0.00
Curtailments Amount										55,769.53		203,839.56		259,609.09
Total Prepayment Amount										19,362,926.61		51,884,351.73		71,247,278.34










Page 16 of 25
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

August 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES


											Group 2		Group 1		Total



SMM										2.56%		1.69%		1.89%
3 Months Avg SMM										1.91%		1.52%		1.61%
12 Months Avg SMM										1.91%		1.52%		1.61%
Avg SMM Since Cut-off										1.91%		1.52%		1.61%


CPR										26.76%		18.52%		20.48%
3 Months Avg CPR										20.70%		16.80%		17.71%
12 Months Avg CPR										20.70%		16.80%		17.71%
Avg CPR Since Cut-off										20.70%		16.80%		17.71%


PSA										2,896.64%		2,013.31%		2,223.96%
3 Months Avg PSA Approximation										2,851.92%		2,327.68%		2,450.21%
12 Months Avg PSA Approximation										2,851.92%		2,327.68%		2,450.21%
Avg PSA Since Cut-off Approximation										2,851.92%		2,327.68%		2,450.21%










Page 17 of 25
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

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 18 of 25
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

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	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

11072169 2			456,000.00		454,835.99			09-Aug-2005		8.300%		VA - 75.90%		Paid Off - 360		01-Apr-2005


11072996 1			152,000.00		151,462.05			28-Jul-2005		7.800%		FL - 79.83%		Paid Off - 360		01-Mar-2005

21062411 1			290,500.00		289,399.39			11-Aug-2005		6.300%		CA - 69.87%		Paid Off - 360		01-Apr-2005

21063208 1			99,000.00		98,880.95			09-Aug-2005		10.500%		HI - 78.35%		Paid Off - 360		01-May-2005

21063625 1			200,000.00		199,802.46			09-Aug-2005		9.500%		CA - 45.43%		Paid Off - 360		01-Jun-2005

21063713 1			170,000.00		169,733.80			09-Aug-2005		7.490%		CA - 84.94%		Paid Off - 360		01-Jun-2005

21063929 2			369,000.00		368,399.26			01-Aug-2005		7.050%		CA - 89.93%		Paid Off - 360		01-Jun-2005

31029763 1			244,000.00		243,495.98			02-Aug-2005		10.400%		CA - 81.23%		Paid Off - 360		01-Mar-2005

31031900 1			216,000.00		214,991.93			30-Jul-2005		6.390%		CA - 79.78%		Paid Off - 360		01-Mar-2005

31032088 1			330,600.00		329,382.27			02-Aug-2005		7.600%		CA - 94.25%		Paid Off - 360		01-Mar-2005

31032696 1			135,000.00		135,000.00			22-Jul-2005		6.590%		CA - 55.10%		Paid Off - 360		01-Apr-2005

31033104 1			185,500.00		184,882.32			18-Jul-2005		5.450%		CA - 69.92%		Paid Off - 360		01-May-2005

31033524 2			628,000.00		628,000.00			03-Aug-2005		5.350%		CA - 80.00%		Paid Off - 360		01-May-2005

41064862 1			173,700.00		173,291.69			12-Aug-2005		8.700%		IL - 89.89%		Paid Off - 360		01-Apr-2005

41064912 1		BK	108,000.00		107,676.39			05-Aug-2005		7.500%		IL - 79.88%		Paid Off - 360		01-Apr-2005

41066266 1			220,500.00		220,068.84			28-Jul-2005		8.700%		IL - 89.91%		Paid Off - 360		01-Jun-2005

51055760 1			124,800.00		124,508.40			05-Aug-2005		8.850%		GA - 79.90%		Paid Off - 360		01-Apr-2005

71064249 1			80,000.00		79,804.24			21-Jul-2005		9.600%		FL - 79.88%		Paid Off - 360		01-Mar-2005

71064615 1			204,000.00		204,000.00			02-Aug-2005		7.490%		FL - 80.00%		Paid Off - 360		01-Apr-2005

71065119 1			97,200.00		96,959.11			01-Aug-2005		6.990%		FL - 89.93%		Paid Off - 360		01-May-2005

71065767 1			60,000.00		59,901.15			08-Aug-2005		6.990%		FL - 20.67%		Paid Off - 360		01-Jun-2005

81053137 2			378,750.00		377,678.04			01-Aug-2005		8.900%		MD - 72.80%		Paid Off - 360		01-Mar-2005

81054193 1			184,000.00		183,624.92			21-Jul-2005		9.990%		MD - 79.56%		Paid Off - 360		01-Apr-2005

81054432 1			282,600.00		282,599.92			04-Aug-2005		7.250%		VA - 90.00%		Paid Off - 360		01-Apr-2005

81055236 1			159,250.00		158,972.30			28-Jul-2005		6.700%		VA - 64.94%		Paid Off - 360		01-Jun-2005

91030378 1			204,250.00		203,548.56			01-Aug-2005		7.950%		IL - 94.81%		Paid Off - 360		01-Mar-2005

101045377 1			287,200.00		286,086.27			10-Aug-2005		7.350%		TX - 79.81%		Paid Off - 360		01-Mar-2005

121037202 1			200,000.00		200,000.00			20-Jul-2005		6.250%		MN - 80.00%		Paid Off - 360		01-Mar-2005

121037270 1			178,500.00		177,950.55			26-Jul-2005		8.750%		WI - 76.79%		Paid Off - 360		01-Mar-2005

121037489 1			220,000.00		219,032.88			21-Jul-2005		6.700%		MN - 78.37%		Paid Off - 360		01-Mar-2005

121037549 1			243,750.00		243,246.49			21-Jul-2005		10.400%		MN - 74.91%		Paid Off - 360		01-Mar-2005

121037594 1			164,700.00		164,284.11			04-Aug-2005		8.350%		WI - 89.89%		Paid Off - 360		01-Apr-2005

121038109 1			190,000.00		189,589.39			09-Aug-2005		6.400%		WI - 79.09%		Paid Off - 360		01-Jun-2005

121038468 1			92,700.00		92,515.93			27-Jul-2005		8.100%		WI - 89.88%		Paid Off - 360		01-May-2005

131031128 1			92,800.00		92,602.23			02-Aug-2005		7.750%		TN - 79.94%		Paid Off - 360		01-May-2005

141045456 1			242,000.00		241,337.33			25-Jul-2005		7.950%		NJ - 76.97%		Paid Off - 360		01-Apr-2005

141046416 1			263,000.00		262,550.27			22-Jul-2005		6.800%		NY - 82.12%		Paid Off - 360		01-Jun-2005



Page 19 of 25
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

August 25, 2005 Distribution

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


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

161038439 1			148,500.00		148,024.80			01-Aug-2005		8.300%		MA - 73.52%		Paid Off - 360		01-Mar-2005


161039329 1			400,000.00		397,890.10			11-Aug-2005		5.850%		MA - 76.68%		Paid Off - 360		01-Mar-2005

161039435 1			216,000.00		215,999.17			03-Aug-2005		6.500%		MA - 66.26%		Paid Off - 360		01-Mar-2005

161039755 2			440,000.00		440,000.00			15-Aug-2005		7.850%		MA - 82.61%		Paid Off - 360		01-Apr-2005

161040043 1			391,000.00		389,797.59			01-Aug-2005		7.740%		MA - 84.86%		Paid Off - 360		01-Apr-2005

161040776 1			170,000.00		169,527.41			01-Aug-2005		6.400%		MA - 52.21%		Paid Off - 360		01-May-2005

171023640 1			140,000.00		139,354.55			15-Aug-2005		6.500%		AZ - 79.78%		Paid Off - 360		01-Mar-2005

191022958 2			156,926.80		156,550.77			22-Jul-2005		9.700%		WA - 94.29%		Paid Off - 360		01-Mar-2005

211027718 1			185,400.00		184,922.18			27-Jul-2005		6.790%		VA - 89.92%		Paid Off - 360		01-May-2005

231061881 1			156,000.00		155,458.20			11-Aug-2005		6.750%		NH - 74.87%		Paid Off - 360		01-Apr-2005

231062961 1			275,000.00		274,261.98			20-Jul-2005		8.050%		MA - 72.27%		Paid Off - 360		01-Apr-2005

251034991 1			250,000.00		248,911.58			19-Jul-2005		6.750%		CA - 83.12%		Paid Off - 360		01-Mar-2005

251035496 2			437,000.00		435,257.72			26-Jul-2005		7.200%		CA - 94.77%		Paid Off - 360		01-Mar-2005

271020691 1			180,000.00		178,859.57			29-Jul-2005		6.250%		CA - 66.53%		Paid Off - 240		01-May-2005

271020751 1			197,925.00		197,306.34			26-Jul-2005		6.100%		MD - 64.93%		Paid Off - 360		01-May-2005

271020893 2			391,200.00		390,107.23			10-Aug-2005		6.375%		NY - 79.93%		Paid Off - 360		01-May-2005

271021363 1			225,000.00		224,661.16			25-Jul-2005		7.450%		CA - 74.94%		Paid Off - 360		01-Jun-2005

301000941 1			123,200.00		123,200.00			04-Aug-2005		8.040%		ID - 80.00%		Paid Off - 360		01-May-2005

311026026 1			148,500.00		148,043.76			19-Jul-2005		8.500%		NJ - 89.84%		Paid Off - 360		01-Mar-2005

311027027 1			80,000.00		79,911.37			02-Aug-2005		8.950%		NJ - 76.15%		Paid Off - 360		01-Jun-2005

321023581 1			182,750.00		181,954.39			29-Jul-2005		6.750%		CO - 84.78%		Paid Off - 360		01-Mar-2005

331032468 1			332,000.00		330,689.27			20-Jul-2005		7.250%		NY - 79.81%		Paid Off - 360		01-Mar-2005

331034492 1			245,000.00		244,263.25			21-Jul-2005		5.990%		NJ - 69.93%		Paid Off - 360		01-May-2005

341023080 1			252,000.00		251,660.01			19-Jul-2005		7.990%		SC - 79.95%		Paid Off - 360		01-Jun-2005

361023231 1			122,400.00		122,118.12			05-Aug-2005		8.800%		MI - 79.91%		Paid Off - 360		01-Apr-2005

361023268 1			70,700.00		70,471.97			04-Aug-2005		7.800%		MI - 69.89%		Paid Off - 360		01-Apr-2005

361024045 1			185,400.00		185,000.92			01-Aug-2005		8.950%		MI - 89.90%		Paid Off - 360		01-May-2005

371025426 1			105,600.00		105,483.97			15-Aug-2005		8.990%		FL - 79.96%		Paid Off - 360		01-Jun-2005

381018256 1			90,950.00		90,637.65			11-Aug-2005		7.950%		NY - 84.83%		Paid Off - 360		01-Mar-2005

381018663 1			315,000.00		313,389.23			02-Aug-2005		6.875%		MA - 89.69%		Paid Off - 360		01-Feb-2005

381018817 1			168,000.00		167,232.38			21-Jul-2005		6.500%		RI - 71.29%		Paid Off - 360		01-Mar-2005

381019073 1			224,000.00		223,050.98			20-Jul-2005		6.890%		RI - 79.80%		Paid Off - 360		01-Mar-2005

381019783 1			97,500.00		97,327.13			01-Aug-2005		10.050%		MA - 64.94%		Paid Off - 360		01-Apr-2005

381020095 1			183,000.00		182,424.06			09-Aug-2005		5.750%		NH - 57.13%		Paid Off - 360		01-May-2005

381021046 1			113,000.00		112,850.92			15-Aug-2005		8.100%		MA - 44.63%		Paid Off - 360		01-Jun-2005

381021069 1			150,000.00		149,797.99			05-Aug-2005		8.250%		RI - 67.22%		Paid Off - 360		01-Jun-2005

511033191 2			57,000.00		56,913.05			08-Aug-2005		11.800%		CA - 79.85%		Paid Off - 360		01-Mar-2005

561001531 1			50,000.00		49,836.84			03-Aug-2005		7.800%		FL - 16.42%		Paid Off - 360		01-Apr-2005



Page 20 of 25
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

August 25, 2005 Distribution

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


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

561002013 1			205,740.00		205,363.43			05-Aug-2005		8.500%		FL - 89.89%		Paid Off - 360		01-May-2005


611014174 2			553,000.00		551,434.90			27-Jul-2005		8.900%		NY - 69.88%		Paid Off - 360		01-Mar-2005

611014337 1			247,500.00		246,738.06			27-Jul-2005		8.490%		NJ - 74.86%		Paid Off - 360		01-Mar-2005

611015542 1			247,500.00		246,857.12			15-Aug-2005		6.750%		NY - 74.94%		Paid Off - 360		01-May-2005

621006744 1			194,400.00		193,909.10			15-Aug-2005		8.350%		FL - 79.90%		Paid Off - 360		01-Apr-2005

631005980 2			478,550.00		476,526.52			15-Aug-2005		6.900%		CA - 84.79%		Paid Off - 360		01-Mar-2005

631006137 1			138,750.00		138,272.77			22-Jul-2005		6.800%		CA - 74.87%		Paid Off - 360		01-Apr-2005

631006138 2			396,000.00		396,000.00			15-Aug-2005		7.350%		CA - 90.00%		Paid Off - 360		01-Apr-2005

631006532 2			527,650.00		527,650.00			26-Jul-2005		6.250%		CA - 67.55%		Paid Off - 360		01-May-2005

631006585 1			198,250.00		197,745.01			11-Aug-2005		6.850%		CA - 64.95%		Paid Off - 360		01-May-2005

631007067 2			595,000.00		593,499.14			26-Jul-2005		6.900%		CA - 59.40%		Paid Off - 360		01-May-2005

641006518 1			52,500.00		52,421.49			10-Aug-2005		10.900%		TX - 74.94%		Paid Off - 360		01-Apr-2005

651007817 2			365,250.00		364,622.80			09-Aug-2005		10.200%		MS - 74.94%		Paid Off - 360		01-Apr-2005

651008787 1			135,000.00		134,583.26			28-Jul-2005		7.350%		FL - 74.88%		Paid Off - 360		01-Apr-2005

651008823 1			143,000.00		142,621.25			27-Jul-2005		6.650%		KY - 93.30%		Paid Off - 360		01-May-2005

661004079 2			50,000.00		49,883.95			28-Jul-2005		9.850%		CA - 82.46%		Paid Off - 360		01-Mar-2005

661004177 1			249,100.00		249,100.00			01-Aug-2005		6.950%		CA - 88.33%		Paid Off - 360		01-Mar-2005

661004338 2			60,000.00		59,811.89			01-Aug-2005		8.400%		CA - 72.11%		Paid Off - 360		01-Mar-2005

661004545 1			148,000.00		147,317.19			30-Jul-2005		6.450%		CA - 79.78%		Paid Off - 360		01-Mar-2005

661004687 2			60,000.00		59,896.30			22-Jul-2005		11.500%		FL - 77.22%		Paid Off - 360		01-Mar-2005

661004766 1			169,600.00		168,620.55			19-Jul-2005		5.600%		CA - 79.70%		Paid Off - 360		01-Mar-2005

661004802 2			390,000.00		388,722.64			29-Jul-2005		7.050%		CA - 71.44%		Paid Off - 360		01-Apr-2005

661005489 1			175,000.00		174,284.45			20-Jul-2005		5.900%		CA - 62.37%		Paid Off - 360		01-Apr-2005

661005932 1			231,000.00		230,585.78			01-Aug-2005		8.600%		CA - 69.96%		Paid Off - 360		01-May-2005

661006265 1			164,000.00		163,608.69			19-Jul-2005		5.050%		CA - 45.50%		Paid Off - 360		01-Jun-2005

671002590 2			60,000.00		59,702.77			21-Jul-2005		12.300%		CA - 79.03%		Paid Off - 240		01-Mar-2005

671002904 1			174,950.00		174,370.21			20-Jul-2005		6.990%		CA - 35.65%		Paid Off - 360		01-Apr-2005

681003857 1			98,500.00		98,190.06			27-Jul-2005		8.400%		MA - 74.48%		Paid Off - 360		01-Mar-2005

681004206 2			64,000.00		63,764.43			10-Aug-2005		6.450%		ME - 74.28%		Paid Off - 360		01-Apr-2005

681004535 1			65,000.00		64,785.86			02-Aug-2005		7.440%		ME - 64.90%		Paid Off - 360		01-Apr-2005

681004537 1			300,000.00		299,185.11			02-Aug-2005		7.990%		MA - 71.33%		Paid Off - 360		01-Apr-2005

681004676 1			100,000.00		99,826.43			10-Aug-2005		10.150%		ME - 74.01%		Paid Off - 360		01-Apr-2005

681004687 1			253,800.00		253,800.00			12-Aug-2005		7.500%		MA - 90.00%		Paid Off - 360		01-Apr-2005

691002250 1			352,000.00		350,850.55			03-Aug-2005		8.200%		MD - 79.84%		Paid Off - 360		01-Mar-2005

721005877 2			81,130.00		80,983.49			01-Aug-2005		11.025%		NV - 66.43%		Paid Off - 360		01-Mar-2005

721006246 1			203,000.00		202,549.43			02-Aug-2005		9.000%		NV - 77.69%		Paid Off - 360		01-Apr-2005

741009312 1			121,125.00		120,582.11			01-Aug-2005		6.600%		FL - 74.80%		Paid Off - 360		01-Mar-2005

761007218 1			197,470.00		196,875.60			18-Jul-2005		8.600%		IL - 90.84%		Paid Off - 360		01-Mar-2005



Page 21 of 25
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

August 25, 2005 Distribution

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


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

761007289 1			117,000.00		116,809.55			02-Aug-2005		10.450%		IL - 66.42%		Paid Off - 360		01-Apr-2005


791001415 1			64,000.00		63,773.48			02-Aug-2005		7.800%		MO - 79.83%		Paid Off - 360		01-Mar-2005

831033440 1			350,000.00		348,254.41			15-Aug-2005		7.800%		CA - 69.75%		Paid Off - 360		01-Jan-2005

831033462 2			453,750.00		453,750.00			20-Jul-2005		6.850%		CA - 75.00%		Paid Off - 360		01-Jan-2005

831039021 2			700,000.00		697,509.07			22-Jul-2005		6.625%		CA - 70.94%		Paid Off - 360		01-Apr-2005

831039074 1			200,000.00		199,633.93			26-Jul-2005		8.500%		NY - 79.90%		Paid Off - 360		01-May-2005

831039663 1			253,500.00		253,500.00			20-Jul-2005		6.050%		CA - 65.00%		Paid Off - 360		01-Feb-2005

831039733 2			384,000.00		384,000.00			27-Jul-2005		6.625%		NV - 80.00%		Paid Off - 360		01-Apr-2005

831039909 1			289,000.00		288,214.43			08-Aug-2005		7.990%		NJ - 84.83%		Paid Off - 360		01-Apr-2005

841003004 1			131,750.00		131,424.01			01-Aug-2005		8.450%		MI - 84.90%		Paid Off - 360		01-Apr-2005

841003417 1			99,900.00		99,639.38			22-Jul-2005		8.190%		MI - 89.88%		Paid Off - 360		01-Apr-2005

841004298 1			181,260.00		181,260.00			19-Jul-2005		6.850%		MI - 95.00%		Paid Off - 360		01-May-2005

851000352 1			160,000.00		159,456.04			21-Jul-2005		8.000%		NJ - 57.03%		Paid Off - 360		01-Mar-2005

851000864 1			288,000.00		287,502.69			20-Jul-2005		6.750%		NJ - 79.93%		Paid Off - 360		01-Jun-2005



TOTAL			27,501,176.80		27,433,512.35



Page 22 of 25
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

August 25, 2005 Distribution
Realized Loss Detail Report
Loan Number			Current		State &				Prior		Realized				Cumulative

&		Loan	Note		LTV at		Original		Principal		Loss/(Gain)		Realized		Realized

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





TOTAL



Page 23 of 25
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

August 25, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS

										Group 2		Group 1		Total
						Trigger Event in effect (0=No , 1=Yes)								0
						Stepdown Date has occurred (0 = No, 1=Yes)								0
						Delinquency Percentage								0.458758%
						Ending Balance								1,426,212,927.34
						Credit Enhancement Percentage (For Trigger)								16.2926%
						Credit Enhancement Percentage (For Step Down)								13.7146%



ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION

SPACE INTENTIONALLY LEFT BLANK




Page 24 of 25
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

August 25, 2005 Distribution
Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

													NET WAC Shortfall CarryOver		NET WAC Shortfall Paid
CLASS

			I-A1										$0.00		$0.00

			II-A1										$0.00		$0.00

			II-A2										$0.00		$0.00

			II-A3										$0.00		$0.00

			II-A4										$0.00		$0.00

			M-1										$0.00		$0.00

			M-2										$0.00		$0.00

			M-3										$0.00		$0.00

			M-4										$0.00		$0.00

			M-5										$0.00		$0.00

			M-6										$0.00		$0.00

			M-7										$0.00		$0.00

			M-8										$0.01		$0.00

			M-9										$0.00		$0.00

			M-10										$0.00		$0.00







Page 25 of 25

Soundview Home Loan Trust 2005-OPT1 8-K