
                                    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):  October 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
     October 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:  Oct 28, 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 October 25, 2005.



Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

October 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					17
										9. Prepayment Detail Report					20

										10. Realized Loss Detail Report					26
										11. Triggers and Adj. Cert. Report					27
				Servicer(s)
										12. Additional Certificate Report					28
				Option One



				Underwriter(s)
				Greenwich Capital Markets


										Total Number of Pages					28


				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:			October 25, 2005
										Factor Information:			(800) 735-7777
				Record Date:			September 30, 2005
										Main Phone Number:			(714) 247-6000

							October 24, 2005


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






Page 1 of 28
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

October 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		889,768,208.30		2,881,366.05		32,591,849.83		35,473,215.88		0.00		0.00		857,176,358.47

II-A1		$	94,482,000.00		63,206,377.36		199,082.53		13,747,266.10		13,946,348.63		0.00		0.00		49,459,111.26
II-A2		$	67,248,000.00		67,248,000.00		213,979.40		0.00		213,979.40		0.00		0.00		67,248,000.00
II-A3		$	91,038,000.00		91,038,000.00		297,744.84		0.00		297,744.84		0.00		0.00		91,038,000.00
II-A4		$	36,932,000.00		36,932,000.00		122,870.71		0.00		122,870.71		0.00		0.00		36,932,000.00
M-1		$	37,500,000.00		37,500,000.00		125,666.67		0.00		125,666.67		0.00		0.00		37,500,000.00
M-2		$	66,000,000.00		66,000,000.00		227,553.33		0.00		227,553.33		0.00		0.00		66,000,000.00
M-3		$	27,750,000.00		27,750,000.00		96,793.54		0.00		96,793.54		0.00		0.00		27,750,000.00
M-4		$	17,250,000.00		17,250,000.00		60,863.75		0.00		60,863.75		0.00		0.00		17,250,000.00
M-5		$	17,250,000.00		17,250,000.00		62,948.13		0.00		62,948.13		0.00		0.00		17,250,000.00
M-6		$	22,500,000.00		22,500,000.00		85,731.25		0.00		85,731.25		0.00		0.00		22,500,000.00
M-7		$	11,250,000.00		11,250,000.00		43,771.88		0.00		43,771.88		0.00		0.00		11,250,000.00
M-8		$	15,000,000.00		15,000,000.00		67,425.00		0.00		67,425.00		0.00		0.00		15,000,000.00
M-9		$	7,500,000.00		7,500,000.00		42,775.00		0.00		42,775.00		0.00		0.00		7,500,000.00
M-10		$	7,500,000.00		7,500,000.00		42,775.00		0.00		42,775.00		0.00		0.00		7,500,000.00
C		$	7,499,900.00		7,500,000.00		2,599,320.53		0.00		2,599,320.53		0.00		0.00		7,500,000.00
P		$	100.00		100.00		718,054.35		0.00		718,054.35		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		1,385,192,685.66		7,888,721.96		46,339,115.93		54,227,837.89		0.00		0.00		1,338,853,569.73





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	09/26/05		10/24/05		A-Act/360		83611MDB1		973,300,000.00		914.176727		2.960409		33.485924		36.446333	880.690803
II-A1	09/26/05		10/24/05		A-Act/360		83611MDC9		94,482,000.00		668.977978		2.107095		145.501430		147.608525	523.476549
II-A2	09/26/05		10/24/05		A-Act/360		83611MDD7		67,248,000.00		1,000.000000		3.181944		0.000000		3.181944	1,000.000000
II-A3	09/26/05		10/24/05		A-Act/360		83611MDE5		91,038,000.00		1,000.000000		3.270556		0.000000		3.270556	1,000.000000
II-A4	09/26/05		10/24/05		A-Act/360		83611MDF2		36,932,000.00		1,000.000000		3.326944		0.000000		3.326944	1,000.000000
M-1	09/26/05		10/24/05		A-Act/360		83611MDG0		37,500,000.00		1,000.000000		3.351111		0.000000		3.351111	1,000.000000
M-2	09/26/05		10/24/05		A-Act/360		83611MDH8		66,000,000.00		1,000.000000		3.447778		0.000000		3.447778	1,000.000000
M-3	09/26/05		10/24/05		A-Act/360		83611MDJ4		27,750,000.00		1,000.000000		3.488055		0.000000		3.488055	1,000.000000
M-4	09/26/05		10/24/05		A-Act/360		83611MDK1		17,250,000.00		1,000.000000		3.528333		0.000000		3.528333	1,000.000000
M-5	09/26/05		10/24/05		A-Act/360		83611MDL9		17,250,000.00		1,000.000000		3.649167		0.000000		3.649167	1,000.000000
M-6	09/26/05		10/24/05		A-Act/360		83611MDM7		22,500,000.00		1,000.000000		3.810278		0.000000		3.810278	1,000.000000
M-7	09/26/05		10/24/05		A-Act/360		83611MDN5		11,250,000.00		1,000.000000		3.890834		0.000000		3.890834	1,000.000000
M-8	09/26/05		10/24/05		A-Act/360		83611MDP0		15,000,000.00		1,000.000000		4.495000		0.000000		4.495000	1,000.000000
M-9	09/26/05		10/24/05		A-Act/360		83611MDQ8		7,500,000.00		1,000.000000		5.703333		0.000000		5.703333	1,000.000000
M-10	09/26/05		10/24/05		A-Act/360		83611MDR6		7,500,000.00		1,000.000000		5.703333		0.000000		5.703333	1,000.000000
C	09/01/05		09/30/05		A-30/360				7,499,900.00		1,000.013334		346.580692		0.000000		346.580692	1,000.013334
P	09/01/05		09/30/05		A-30/360				100.00		1,000.000000		7,180,543.500000		0.000000		7,180,543.500000	1,000.000000
R	09/01/05		09/30/05		A-30/360				0.00		0.000000		0.000000		0.000000		0.000000	0.000000



Page 2 of 28
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

October 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		15,660,630.30		112,968,621.87		3,155,019.66		116,123,641.53		131,784,271.83		0.00		0.00		857,176,358.47
II-A1	94,482,000.00		1,318,058.71		43,818,517.57		1,204,371.17		45,022,888.74		46,340,947.45		0.00		0.00		49,459,111.26
II-A2	67,248,000.00		1,101,583.21		0.00		0.00		0.00		1,101,583.21		0.00		0.00		67,248,000.00
II-A3	91,038,000.00		1,537,461.49		0.00		0.00		0.00		1,537,461.49		0.00		0.00		91,038,000.00
II-A4	36,932,000.00		635,633.20		0.00		0.00		0.00		635,633.20		0.00		0.00		36,932,000.00
M-1	37,500,000.00		650,596.51		0.00		0.00		0.00		650,596.51		0.00		0.00		37,500,000.00
M-2	66,000,000.00		1,181,569.83		0.00		0.00		0.00		1,181,569.83		0.00		0.00		66,000,000.00
M-3	27,750,000.00		503,194.33		0.00		0.00		0.00		503,194.33		0.00		0.00		27,750,000.00
M-4	17,250,000.00		316,773.56		0.00		0.00		0.00		316,773.56		0.00		0.00		17,250,000.00
M-5	17,250,000.00		328,704.81		0.00		0.00		0.00		328,704.81		0.00		0.00		17,250,000.00
M-6	22,500,000.00		449,495.40		0.00		0.00		0.00		449,495.40		0.00		0.00		22,500,000.00
M-7	11,250,000.00		229,935.21		0.00		0.00		0.00		229,935.21		0.00		0.00		11,250,000.00
M-8	15,000,000.00		358,455.26		0.00		0.00		0.00		358,455.26		0.00		0.00		15,000,000.00
M-9	7,500,000.00		231,102.64		0.00		0.00		0.00		231,102.64		0.00		0.00		7,500,000.00
M-10	7,500,000.00		231,102.64		0.00		0.00		0.00		231,102.64		0.00		0.00		7,500,000.00
C	7,499,900.00		11,636,196.31		-96.43		-3.57		0.00		11,636,196.31		0.00		100.00		7,500,000.00
P	100.00		2,316,823.73		0.00		0.00		0.00		2,316,823.73		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		38,687,317.14		156,787,043.01		4,359,387.26		161,146,530.27		199,833,847.41		0.00		100.00		1,338,853,569.73


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	4.02000%		889,768,208.30		2,881,366.05		0.00		0.00		0.00		2,881,366.05		2,881,366.05		0.00
II-A1	3.91000%		63,206,377.36		199,082.53		0.00		0.00		0.00		199,082.53		199,082.53		0.00
II-A2	3.95000%		67,248,000.00		213,979.40		0.00		0.00		0.00		213,979.40		213,979.40		0.00
II-A3	4.06000%		91,038,000.00		297,744.84		0.00		0.00		0.00		297,744.84		297,744.84		0.00
II-A4	4.13000%		36,932,000.00		122,870.71		0.00		0.00		0.00		122,870.71		122,870.71		0.00
M-1	4.16000%		37,500,000.00		125,666.67		0.00		0.00		0.00		125,666.67		125,666.67		0.00
M-2	4.28000%		66,000,000.00		227,553.33		0.00		0.00		0.00		227,553.33		227,553.33		0.00
M-3	4.33000%		27,750,000.00		96,793.54		0.00		0.00		0.00		96,793.54		96,793.54		0.00
M-4	4.38000%		17,250,000.00		60,863.75		0.00		0.00		0.00		60,863.75		60,863.75		0.00
M-5	4.53000%		17,250,000.00		62,948.13		0.00		0.00		0.00		62,948.13		62,948.13		0.00
M-6	4.73000%		22,500,000.00		85,731.25		0.00		0.00		0.00		85,731.25		85,731.25		0.00
M-7	4.83000%		11,250,000.00		43,771.88		0.00		0.00		0.00		43,771.88		43,771.88		0.00
M-8	5.58000%		15,000,000.00		67,425.00		0.00		0.00		0.00		67,425.00		67,425.00		0.00
M-9	7.08000%		7,500,000.00		42,775.00		0.00		0.00		0.00		42,775.00		42,775.00		0.00
M-10	7.08000%		7,500,000.00		42,775.00		0.00		0.00		0.00		42,775.00		42,775.00		0.00
C	415.89128%		7,500,000.00		0.00		-57,440,635.02		0.00		0.00		110,309,922.97		2,599,320.53		107,710,602.44
P	8,616,652.20000%		100.00		0.00		0.00		0.00		0.00		0.00		718,054.35		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00

Total			1,385,192,685.66		4,571,347.08		-57,440,635.02		0.00		0.00		114,881,270.05		7,888,721.96		107,710,602.44



Page 3 of 28
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

October 25, 2005 Distribution
Collection Account Report
SUMMARY

										Group 2		Group 1		Total
Principal Collections										13,747,266.10		32,591,849.83		46,339,115.93
Principal Withrawals										0.00		0.00		0.00
Principal Other Accounts										0.00		0.00		0.00
TOTAL NET PRINCIPAL										13,747,266.10		32,591,849.83		46,339,115.93
Interest Collections										1,839,934.70		6,449,675.43		8,289,610.13
Interest Withdrawals										-0.00		-0.00		-0.00
Interest Other Accounts										0.00		718,054.35		718,054.35
Interest Fees										-50,505.02		-173,212.19		-1,118,942.52
TOTAL NET INTEREST										1,789,429.69		6,994,517.59		7,888,721.96
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION										15,536,695.79		39,586,367.42		54,227,837.89



PRINCIPAL - COLLECTIONS

											Group 2		Group 1		Total
Scheduled Principal Received											168,509.58		731,440.14		899,949.72
Curtailments											31,170.80		45,186.46		76,357.26
Prepayments In Full											13,547,585.72		31,815,223.23		45,362,808.95
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											-66,437.40		-264,119.37		-330,556.77
Realized Losses											-0.00		-0.00		-0.00
Advanced Principal											66,437.40		264,119.37		330,556.77
TOTAL PRINCIPAL COLLECTED											13,747,266.10		32,591,849.83		46,339,115.93


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 28
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

October 25, 2005 Distribution

INTEREST - COLLECTIONS

										Group 2		Group 1		Total
Scheduled Interest										#######		6,544,554.09		8,412,191.09
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										-12,860.88		-22,970.15		-35,831.03
Delinquent Interest										-682,084.34		-2,393,431.03		-3,075,515.37
Compensating Interest										12,860.88		22,970.16		35,831.04
Civil Relief Act Shortfalls										-0.00		-0.00		-0.00
Interest Advanced										654,382.03		2,298,552.36		2,952,934.39
TOTAL INTEREST COLLECTED										1,839,934.70		6,449,675.43		8,289,610.13


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														718,054.35
Withdrawl from Interest Coverage										0.00		0.00		0.00
TOTAL INTEREST OTHER ACCOUNTS										0.00		718,054.35		718,054.35



INTEREST - FEES

										Group 2		Group 1		Total
Current Servicing Fees										50,505.02		173,212.19		223,717.21
Trustee Fees										0.00		0.00		0.00
Credit Risk Management Fees														16,735.67
Custodian Fees														3,462.98
MGIC Premium Fee														875,026.66
TOTAL INTEREST FEES										50,505.02		173,212.19		1,118,942.52



Page 5 of 28
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

October 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 28
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

October 25, 2005 Distribution
Collateral Report


COLLATERAL



											Group 2		Group 1		Total



Loan Count:


Original										993		7,043		8,036
Prior										898		6,618		7,516
Prefunding										0		0		0
Scheduled Paid Offs										-0		-0		-0
Full Voluntary Prepayments										-38		-166		-204
Repurchases										-0		-0		-0
Liquidations										-0		-0		-0
Current										860		6,452		7,312
Principal Balance:


Original										344,226,121.04		1,155,773,876.20		1,499,999,997.24
Prior										312,829,278.26		1,072,363,407.40		1,385,192,685.66
Prefunding										113,857,537.83		376,435,569.62		490,293,107.45
Scheduled Principal										-168,509.58		-731,440.14		-899,949.72
Partial Prepayments										-31,170.80		-45,186.46		-76,357.26
Full Voluntary Prepayments										-13,547,585.72		-31,815,223.23		-45,362,808.95
Repurchases										-0.00		-0.00		-0.00
Liquidations										-0.00		-0.00		-0.00
Current										299,082,012.16		1,039,771,557.57		1,338,853,569.73





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 28
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

October 25, 2005 Distribution


CHARACTERISTICS

										Group 2		Group 1		Total
Weighted Average Coupon Original										7.19262%		7.34370%		7.30904%
Weighted Average Coupon Prior										7.18136%		7.32691%		7.29382%
Weighted Average Coupon Current										7.16418%		7.32351%		7.28753%
Weighted Average Months to Maturity Original										356		355		355
Weighted Average Months to Maturity Prior										353		352		352
Weighted Average Months to Maturity Current										352		351		351
Weighted Avg Remaining Amortization Term Original										356		355		355
Weighted Avg Remaining Amortization Term Prior										353		352		352
Weighted Avg Remaining Amortization Term Current										352		351		351
Weighted Average Seasoning Original										2.63		2.62		2.62
Weighted Average Seasoning Prior										5.61		5.59		5.60
Weighted Average Seasoning Current										6.59		6.59		6.59






Page 8 of 28
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

October 25, 2005 Distribution



ARM CHARACTERISTICS

										Group 2		Group 1		Total
Weighted Average Margin Original										5.24098%		5.34591%		5.32127%
Weighted Average Margin Prior										5.23189%		5.33208%		5.30871%
Weighted Average Margin Current										5.22100%		5.33040%		5.30506%
Weighted Average Max Rate Original										13.12627%		13.32773%		13.28042%
Weighted Average Max Rate Prior										13.11122%		13.31173%		13.26496%
Weighted Average Max Rate Current										13.09680%		13.30726%		13.25851%
Weighted Average Min Rate Original										7.09125%		7.31169%		7.25992%
Weighted Average Min Rate Prior										7.08350%		7.29572%		7.24622%
Weighted Average Min Rate Current										7.06841%		7.29101%		7.23945%
Weighted Average Cap Up Original										1.01214%		1.00669%		1.00797%
Weighted Average Cap Up Prior										1.01094%		1.00640%		1.00746%
Weighted Average Cap Up Current										1.01116%		1.00647%		1.00755%
Weighted Average Cap Down Original										1.01214%		1.00669%		1.00797%
Weighted Average Cap Down Prior										1.01094%		1.00640%		1.00746%
Weighted Average Cap Down Current										1.01116%		1.00647%		1.00755%





Page 9 of 28
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

October 25, 2005 Distribution

SERVICING FEES & ADVANCES

											Group 2		Group 1		Total




Current Servicing Fees										50,505.02		173,212.19		223,717.21
Delinquent Servicing Fees										27,702.31		94,878.66		122,580.97
TOTAL SERVICING FEES										78,207.33		268,090.86		346,298.19


Total Servicing Fees										78,207.33		268,090.86		346,298.19
Compensating Interest										-12,860.88		-22,970.16		-35,831.04
Delinquent Servicing Fees										-27,702.31		-94,878.66		-122,580.97
COLLECTED SERVICING FEES										37,644.14		150,242.04		187,886.18


Total Advaced Interest										654,382.03		2,298,552.36		2,952,934.39
Total Advaced Principal										66,437.40		264,119.37		330,556.77
Aggregate Advances with respect to this Distribution										720,819.44		2,562,671.73		3,283,491.17





ADDITIONAL COLLATERAL INFORMATION
										Group 2		Group 1		Total
Prepayment Interest Shortfall (PPIS)										12,860.88		22,970.15		35,831.03
Compensating Interest										-12,860.88		-22,970.16		-35,831.04
Net Prepayment Interest Shortfall (PPIS)										0.00		0.00		0.00

Weighted Average Net Mortgage Rate										6.864177%		7.827031%

Libor For Current Period														3.8300%

Libor For Next Period														4.0375%



Page 10 of 28
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

October 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				13,418,955.29		7,535,893.01		5,208,029.65		26,162,877.95
			% Balance				1.00%		0.56%		0.39%		1.95%
			# Loans				78		47		31		156
			% # Loans				1.07%		0.64%		0.42%		2.13%
	FORECLOSURE		Balance		129,473.62		184,211.72		2,096,214.22		5,679,614.68		8,089,514.24
			% Balance		0.01%		0.01%		0.16%		0.42%		0.60%
			# Loans		1		1		16		31		49
			% # Loans		0.01%		0.01%		0.22%		0.42%		0.67%
	BANKRUPTCY		Balance		1,890,398.41		331,196.14		270,722.58		1,547,770.18		4,040,087.31
			% Balance		0.14%		0.02%		0.02%		0.12%		0.30%
			# Loans		17		1		3		7		28
			% # Loans		0.23%		0.01%		0.04%		0.10%		0.38%
	REO		Balance		0.00		0.00		0.00		104,060.94		104,060.94
			% Balance		0.00%		0.00%		0.00%		0.01%		0.01%
			# Loans		0		0		0		1		1
			% # Loans		0.00%		0.00%		0.00%		0.01%		0.01%
	TOTAL		Balance		2,019,872.03		13,934,363.15		9,902,829.81		12,539,475.45		38,396,540.44
			% Balance		0.15%		1.04%		0.74%		0.94%		2.87%
			# Loans		18		80		66		70		234
			% # Loans		0.25%		1.09%		0.90%		0.96%		3.20%









Page 11 of 28
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

October 25, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				9,862,971.63		6,641,608.96		3,098,065.98		19,602,646.57
			% Balance				0.95%		0.64%		0.30%		1.89%
			# Loans				63		43		21		127
			% # Loans				0.98%		0.67%		0.33%		1.97%
	FORECLOSURE		Balance		129,473.62		184,211.72		2,096,214.22		4,132,043.93		6,541,943.49
			% Balance		0.01%		0.02%		0.20%		0.40%		0.63%
			# Loans		1		1		16		27		45
			% # Loans		0.02%		0.02%		0.25%		0.42%		0.70%
	BANKRUPTCY		Balance		1,890,398.41		331,196.14		194,390.05		831,647.91		3,247,632.51
			% Balance		0.18%		0.03%		0.02%		0.08%		0.31%
			# Loans		17		1		2		6		26
			% # Loans		0.26%		0.02%		0.03%		0.09%		0.40%
	REO		Balance		0.00		0.00		0.00		104,060.94		104,060.94
			% Balance		0.00%		0.00%		0.00%		0.01%		0.01%
			# Loans		0		0		0		1		1
			% # Loans		0.00%		0.00%		0.00%		0.02%		0.02%
	TOTAL		Balance		2,019,872.03		10,378,379.49		8,932,213.23		8,165,818.76		29,496,283.51
			% Balance		0.19%		1.00%		0.86%		0.79%		2.84%
			# Loans		18		65		61		55		199
			% # Loans		0.28%		1.01%		0.95%		0.85%		3.08%










Page 12 of 28
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

October 25, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				3,555,983.66		894,284.05		2,109,963.67		6,560,231.38
			% Balance				1.19%		0.30%		0.71%		2.19%
			# Loans				15		4		10		29
			% # Loans				1.74%		0.46%		1.16%		3.37%
	FORECLOSURE		Balance		0.00		0.00		0.00		1,547,570.75		1,547,570.75
			% Balance		0.00%		0.00%		0.00%		0.52%		0.52%
			# Loans		0		0		0		4		4
			% # Loans		0.00%		0.00%		0.00%		0.46%		0.46%
	BANKRUPTCY		Balance		0.00		0.00		76,332.53		716,122.27		792,454.80
			% Balance		0.00%		0.00%		0.03%		0.24%		0.26%
			# Loans		0		0		1		1		2
			% # Loans		0.00%		0.00%		0.12%		0.12%		0.23%
	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		3,555,983.66		970,616.58		4,373,656.69		8,900,256.93
			% Balance		0.00%		1.19%		0.32%		1.46%		2.97%
			# Loans		0		15		5		15		35
			% # Loans		0.00%		1.74%		0.58%		1.74%		4.07%









Page 13 of 28
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

October 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
641007108 1
			104,500.00		104,060.94		01-May-2005		8.650%		TX - 94.89%		360		01-Apr-2005



TOTAL			104,500.00		104,060.94


Page 14 of 28
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

October 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		201,855.64		01-May-2005		9.990%		CA - 74.93%		360		01-Apr-2005

31033815 1			168,000.00		167,362.48		01-Jun-2005		7.450%		CA - 65.83%		360		01-Jun-2005
41063298 1			96,900.00		96,395.32		01-Jun-2005		8.750%		IN - 84.81%		360		01-Mar-2005
41064275 1			102,800.00		102,800.00		01-Apr-2005		7.550%		IL - 80.00%		360		01-Mar-2005
51056193 1			127,415.00		126,985.09		01-Jun-2005		8.950%		GA - 84.91%		360		01-May-2005
71064798 1			74,260.00		73,838.86		01-May-2005		7.150%		FL - 93.85%		360		01-Apr-2005
81054524 1			68,000.00		67,781.78		01-Jun-2005		9.950%		VA - 84.92%		360		01-Apr-2005
121037161 1			185,000.00		184,211.72		01-Jul-2005		9.250%		MN - 64.81%		360		01-Mar-2005
121037470 1			67,680.00		67,326.29		01-May-2005		8.250%		WI - 79.85%		360		01-Mar-2005
121038909 1			116,000.00		115,515.55		01-Jun-2005		7.900%		MN - 79.89%		360		01-May-2005
121039112 1			139,200.00		139,200.00		01-Jun-2005		6.925%		MN - 80.00%		360		01-May-2005
141044747 1			103,500.00		103,016.28		01-Apr-2005		8.800%		NY - 89.85%		360		01-Mar-2005
141045508 1			84,000.00		83,728.04		01-May-2005		9.150%		CT - 47.70%		360		01-May-2005
141045873 1			289,000.00		287,814.54		01-Jun-2005		7.990%		NY - 84.89%		360		01-May-2005
151028304 1			276,000.00		274,217.11		01-Jun-2005		5.650%		PA - 87.43%		360		01-May-2005
231062690 1			83,850.00		83,643.42		01-Apr-2005		10.450%		CT - 64.97%		360		01-May-2005
231062719 1			160,000.00		159,285.53		01-May-2005		8.350%		NY - 79.90%		360		01-Apr-2005
261050978 1			100,800.00		100,451.93		01-May-2005		8.850%		NC - 89.95%		360		01-May-2005
301000396 1			292,000.00		292,000.00		01-May-2005		7.290%		CA - 80.00%		360		01-Mar-2005
321024776 1			148,750.00		148,147.19		01-Apr-2005		8.050%		CO - 84.94%		360		01-May-2005
321025870 1			104,500.00		104,136.74		01-Jun-2005		7.890%		CO - 94.93%		360		01-Jun-2005
351025278 1			83,200.00		83,043.59		01-May-2005		11.700%		TX - 64.98%		360		01-May-2005
361023103 1			84,500.00		84,175.59		01-May-2005		9.090%		MI - 64.93%		360		01-Apr-2005
361023228 1			119,600.00		119,065.90		01-May-2005		8.350%		MI - 79.90%		360		01-Apr-2005
391011428 1			59,200.00		59,008.34		01-Jun-2005		9.150%		TN - 98.56%		360		01-May-2005
391011617 1			97,600.00		97,108.17		01-Jun-2005		6.950%		LA - 79.87%		360		01-May-2005
511033673 1			180,090.00		178,953.27		01-May-2005		7.300%		WA - 86.80%		360		01-Mar-2005
521023003 1			229,500.00		228,583.87		01-May-2005		8.900%		OH - 89.90%		360		01-Apr-2005
581000135 1			130,005.00		129,473.62		01-Oct-2005		10.250%		CA - 45.10%		360		01-Apr-2005
611015196 1			225,000.00		223,976.81		01-May-2005		7.500%		NY - 74.94%		360		01-May-2005
621007094 1			199,500.00		198,699.62		01-Jun-2005		8.100%		FL - 94.94%		360		01-May-2005
631006195 1			200,000.00		199,078.72		01-Apr-2005		8.900%		CA - 62.39%		360		01-Mar-2005
631006588 1			148,750.00		148,125.02		01-May-2005		8.650%		AZ - 84.90%		360		01-Apr-2005
641006836 1			68,400.00		68,182.39		01-Jun-2005		9.990%		TX - 89.92%		360		01-Apr-2005
641006962 1			60,800.00		60,587.53		01-May-2005		10.200%		TX - 79.90%		360		01-Mar-2005
641008146 1			50,000.00		49,858.49		01-Jun-2005		8.900%		TX - 69.41%		360		01-Jun-2005
651008566 1			60,800.00		60,648.63		01-May-2005		10.400%		TN - 79.97%		360		01-May-2005
731009109 1			54,000.00		53,801.54		01-Jun-2005		9.300%		GA - 74.92%		360		01-Apr-2005
771004700 1			96,000.00		95,679.40		01-May-2005		9.000%		TX - 79.96%		360		01-May-2005
831039029 1			300,000.00		298,331.79		01-May-2005		7.250%		CA - 62.40%		360		01-Apr-2005
831039200 1			191,000.00		190,147.06		01-Jun-2005		8.350%		CA - 58.66%		360		01-Apr-2005
831039581 1			210,000.00		209,259.35		01-Apr-2005		9.500%		NY - 49.34%		360		01-Apr-2005
831039627 1			412,000.00		409,932.18		01-May-2005		8.450%		CA - 79.85%		360		01-Mar-2005
841003166 1			70,400.00		70,104.20		01-May-2005		8.650%		MI - 79.91%		360		01-Apr-2005
851000467 1			248,000.00		246,404.90		01-May-2005		6.500%		NY - 79.85%		360		01-Apr-2005
271019742 2			503,200.00		503,200.00		01-May-2005		6.200%		MN - 80.00%		360		01-Mar-2005
381019246 2			517,500.00		517,500.00		01-May-2005		8.700%		MA - 90.00%		360		01-Mar-2005
611014861 2			104,500.00		104,231.30		01-May-2005		10.990%		MA - 94.93%		360		01-Apr-2005
851000446 2			424,000.00		422,639.45		01-May-2005		9.950%		NJ - 79.93%		360		01-Apr-2005


Page 15 of 28
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

October 25, 2005 Distribution


TOTAL			8,117,700.00		8,089,514.24


Page 16 of 28
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

October 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS


											Group 2		Group 1		Total




Current


Number of Paid in Full Loans										38		166		204
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										38		166		204
Curtailments Amount										31,170.80		45,186.46		76,357.26
Paid in Full Balance										13,547,585.72		31,815,223.23		45,362,808.95
Repurchased Loans Balance										0.00		0.00		0.00
Total Prepayment Amount										13,578,756.52		31,860,409.69		45,439,166.21

Cumulative


Number of Paid in Full Loans										133		591		724
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										133		591		724
Paid in Full Balance										44,094,676.97		112,097,660.84		156,192,337.81
Repurchased Loans Balance										0.00		0.00		0.00
Curtailments Amount										101,067.94		493,634.50		594,702.44
Total Prepayment Amount										44,195,744.91		112,591,295.34		156,787,040.25










Page 17 of 28
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

October 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES


											Group 2		Group 1		Total



SMM										4.34%		2.97%		3.28%
3 Months Avg SMM										3.46%		2.43%		2.66%
12 Months Avg SMM										2.72%		2.03%		2.19%
Avg SMM Since Cut-off										2.72%		2.03%		2.19%


CPR										41.30%		30.38%		33.00%
3 Months Avg CPR										34.48%		25.56%		27.68%
12 Months Avg CPR										28.15%		21.85%		23.32%
Avg CPR Since Cut-off										28.15%		21.85%		23.32%


PSA										3,132.09%		2,306.70%		2,504.78%
3 Months Avg PSA Approximation										3,074.53%		2,285.07%		2,472.95%
12 Months Avg PSA Approximation										3,047.62%		2,374.10%		2,532.08%
Avg PSA Since Cut-off Approximation										3,047.63%		2,374.10%		2,532.08%










Page 18 of 28
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

October 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 28
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

October 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

11073371 1			328,500.00		328,496.53			29-Sep-2005		6.500%		CA - 90.00%		Paid Off - 360		01-Mar-2005


11073713 2			129,200.00		128,721.96			19-Sep-2005		8.500%		FL - 84.90%		Paid Off - 360		01-Apr-2005

11073805 2			215,000.00		214,429.47			28-Sep-2005		10.100%		VA - 63.93%		Paid Off - 360		01-Apr-2005

11073870 1			213,500.00		212,677.32			14-Oct-2005		8.300%		CA - 77.54%		Paid Off - 360		01-Apr-2005

11073946 1			227,500.00		226,110.99			29-Sep-2005		5.950%		CA - 79.80%		Paid Off - 360		01-Apr-2005

11074043 1			283,500.00		283,500.00			14-Oct-2005		7.700%		CA - 90.00%		Paid Off - 360		01-May-2005

11074049 2			776,250.00		772,368.60			07-Oct-2005		6.990%		CA - 44.93%		Paid Off - 360		01-Apr-2005

11074089 2			400,000.00		399,031.48			26-Sep-2005		9.650%		CA - 61.51%		Paid Off - 360		01-May-2005

21061085 1			160,000.00		158,831.89			30-Sep-2005		6.550%		NV - 77.77%		Paid Off - 360		01-Feb-2005

21062049 2			150,000.00		149,503.28			30-Sep-2005		9.800%		CA - 55.48%		Paid Off - 360		01-Mar-2005

21062191 1			222,200.00		222,200.00			06-Oct-2005		6.440%		CA - 80.00%		Paid Off - 360		01-Mar-2005

21062731 1			218,000.00		218,000.00			06-Oct-2005		6.550%		CA - 81.95%		Paid Off - 360		01-Apr-2005

21062859 1			198,000.00		198,000.00			14-Oct-2005		6.350%		CA - 90.00%		Paid Off - 360		01-Apr-2005

21063101 2			420,000.00		418,808.83			19-Sep-2005		8.890%		CA - 69.96%		Paid Off - 360		01-May-2005

21063224 1			220,000.00		219,322.74			22-Sep-2005		8.490%		CA - 79.95%		Paid Off - 360		01-May-2005

21063237 1			170,000.00		170,000.00			29-Sep-2005		6.990%		CA - 85.00%		Paid Off - 360		01-May-2005

21064159 2			556,000.00		556,000.00			29-Sep-2005		7.450%		CA - 80.00%		Paid Off - 360		01-Jun-2005

31031623 1			180,000.00		177,950.92			16-Sep-2005		8.650%		CA - 79.91%		Paid Off - 360		01-Apr-2005

31031624 2			370,000.00		370,000.00			04-Oct-2005		6.250%		CA - 74.75%		Paid Off - 360		01-Mar-2005

31032042 1			226,800.00		225,501.24			07-Oct-2005		7.100%		CA - 89.78%		Paid Off - 360		01-Mar-2005

31032514 2			54,000.00		53,711.21			28-Sep-2005		9.450%		CA - 77.45%		Paid Off - 360		01-Apr-2005

31032631 1			333,000.00		330,527.95			16-Sep-2005		7.150%		CA - 89.83%		Paid Off - 360		01-Apr-2005

31032745 1			280,000.00		280,000.00			11-Oct-2005		5.950%		CA - 70.00%		Paid Off - 360		01-Apr-2005

31032812 1			292,000.00		290,851.90			23-Sep-2005		8.200%		CA - 79.90%		Paid Off - 360		01-Apr-2005

31032934 1			206,000.00		205,111.81			20-Sep-2005		6.800%		CA - 58.81%		Paid Off - 360		01-May-2005

31033216 1			234,500.00		233,508.44			16-Sep-2005		6.900%		CA - 68.81%		Paid Off - 360		01-May-2005

41063987 1			120,000.00		119,364.76			03-Oct-2005		7.500%		IL - 74.83%		Paid Off - 360		01-Mar-2005

41064206 1			200,000.00		198,887.88			16-Sep-2005		7.250%		IL - 61.39%		Paid Off - 360		01-Mar-2005

41064617 1			129,500.00		129,041.67			13-Oct-2005		7.800%		IL - 63.13%		Paid Off - 360		01-May-2005

41065346 1			50,250.00		50,124.44			29-Sep-2005		9.500%		IN - 74.93%		Paid Off - 360		01-May-2005

41065415 1			240,500.00		239,798.03			05-Oct-2005		8.750%		IL - 64.92%		Paid Off - 360		01-May-2005

41065668 1			281,250.00		280,628.55			19-Sep-2005		9.000%		IL - 74.96%		Paid Off - 360		01-Jun-2005

41065983 1			172,500.00		172,500.00			21-Sep-2005		7.850%		IL - 77.70%		Paid Off - 360		01-Jun-2005

51055197 1			227,500.00		226,484.08			23-Sep-2005		8.350%		GA - 69.23%		Paid Off - 360		01-Mar-2005

51056660 1			98,800.00		98,470.12			23-Sep-2005		8.090%		GA - 79.95%		Paid Off - 360		01-May-2005

51057325 1			60,000.00		59,863.26			29-Sep-2005		8.850%		GA - 60.57%		Paid Off - 360		01-Jun-2005

61056372 1			150,600.00		50,676.89			28-Sep-2005		6.750%		OH - 59.84%		Paid Off - 360		01-Mar-2005



Page 20 of 28
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

October 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

61056871 1			52,250.00		52,055.84			28-Sep-2005		8.550%		OH - 94.89%		Paid Off - 360		01-Apr-2005


61057805 2			107,200.00		106,834.77			13-Oct-2005		7.990%		PA - 79.89%		Paid Off - 360		01-May-2005

71064501 1			176,800.00		175,854.85			20-Sep-2005		7.450%		FL - 79.82%		Paid Off - 360		01-Mar-2005

81052095 1			141,075.00		140,217.33			19-Sep-2005		8.100%		VA - 74.75%		Paid Off - 360		01-Jan-2005

81052407 1			136,800.00		136,317.63			29-Sep-2005		9.500%		VA - 79.88%		Paid Off - 360		01-Mar-2005

81053460 1			165,000.00		164,585.30			19-Sep-2005		11.100%		MD - 74.92%		Paid Off - 360		01-Mar-2005

81053570 1			128,800.00		128,181.58			05-Oct-2005		7.990%		VA - 79.79%		Paid Off - 360		01-Mar-2005

81053989 1			159,375.00		158,578.07			27-Sep-2005		6.990%		VA - 84.86%		Paid Off - 360		01-Apr-2005

81054009 1			164,000.00		163,301.20			19-Sep-2005		7.800%		VA - 79.89%		Paid Off - 360		01-Apr-2005

81054040 1			68,000.00		67,795.30			27-Sep-2005		9.500%		VA - 79.92%		Paid Off - 360		01-Apr-2005

81054431 1			149,600.00		149,201.17			03-Oct-2005		9.200%		VA - 79.96%		Paid Off - 360		01-May-2005

81054909 1			142,500.00		141,988.57			30-Sep-2005		7.750%		VA - 94.87%		Paid Off - 360		01-May-2005

81055069 1			182,000.00		181,947.53			03-Oct-2005		7.450%		MD - 84.23%		Paid Off - 360		01-May-2005

81055373 1			334,800.00		333,801.04			30-Sep-2005		8.200%		VA - 89.94%		Paid Off - 360		01-Jun-2005

101047231 1			102,000.00		101,824.46			16-Sep-2005		10.190%		TX - 59.97%		Paid Off - 360		01-Jun-2005

121037379 1			130,000.00		129,495.35			29-Sep-2005		9.300%		WI - 75.45%		Paid Off - 360		01-Mar-2005

121038042 1			292,500.00		290,812.97			03-Oct-2005		6.250%		IL - 90.11%		Paid Off - 360		01-Apr-2005

131031057 1			140,000.00		139,425.14			03-Oct-2005		7.050%		FL - 79.94%		Paid Off - 360		01-May-2005

141044627 1			290,000.00		288,116.82			14-Oct-2005		6.450%		NY - 68.86%		Paid Off - 360		01-Mar-2005

141045337 1			285,000.00		283,815.91			27-Sep-2005		6.990%		CT - 79.10%		Paid Off - 360		01-May-2005

141045763 1			190,000.00		189,286.03			13-Oct-2005		7.500%		CT - 99.93%		Paid Off - 360		01-May-2005

141045964 1			120,600.00		113,027.66			26-Sep-2005		8.200%		NY - 89.94%		Paid Off - 360		01-Jun-2005

161038849 1			240,000.00		238,309.88			27-Sep-2005		6.100%		MA - 77.69%		Paid Off - 360		01-Mar-2005

161039202 1			348,000.00		346,329.06			22-Sep-2005		7.990%		MA - 74.69%		Paid Off - 360		01-Mar-2005

161039542 1			150,000.00		149,572.41			05-Oct-2005		7.750%		MA - 74.95%		Paid Off - 360		01-Jun-2005

161039914 2			532,000.00		530,540.23			23-Sep-2005		9.050%		MA - 79.91%		Paid Off - 360		01-May-2005

161040275 1			170,300.00		169,726.81			06-Oct-2005		8.050%		MA - 64.96%		Paid Off - 360		01-May-2005

161040341 1			254,250.00		254,250.00			21-Sep-2005		7.700%		MA - 90.00%		Paid Off - 360		01-May-2005

161040917 2			521,000.00		518,787.74			13-Oct-2005		5.700%		MA - 79.58%		Paid Off - 360		01-Jun-2005

161040993 1			90,000.00		89,746.02			30-Sep-2005		7.800%		RI - 31.01%		Paid Off - 360		01-Jun-2005

161040996 1			275,000.00		274,346.86			#######		8.650%		MA - 70.47%		Paid Off - 360		01-Jun-2005

161041387 1			84,000.00		83,797.80			16-Sep-2005		8.600%		MA - 79.95%		Paid Off - 360		01-Jun-2005

171023979 1			144,700.00		144,192.95			10-Oct-2005		7.850%		AZ - 89.92%		Paid Off - 360		01-May-2005

171024010 1			148,000.00		146,962.89			23-Sep-2005		6.050%		AZ - 79.76%		Paid Off - 360		01-Mar-2005

171024860 1			124,800.00		124,266.09			30-Sep-2005		6.840%		AZ - 79.86%		Paid Off - 360		01-May-2005

191021217 1			282,600.00		282,205.00			03-Oct-2005		7.815%		CA - 89.87%		Paid Off - 360		01-Dec-2004

191022627 1			299,992.00		299,992.00			22-Sep-2005		6.300%		WA - 79.91%		Paid Off - 360		01-Mar-2005

191023311 2			68,800.00		68,339.38			03-Oct-2005		6.290%		WA - 79.77%		Paid Off - 360		01-Mar-2005



Page 21 of 28
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

October 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

211025916 1			174,400.00		173,470.10			06-Oct-2005		8.150%		MD - 79.79%		Paid Off - 360		01-Feb-2005


211026867 1			174,400.00		174,400.00			22-Sep-2005		8.250%		MD - 80.00%		Paid Off - 360		01-May-2005

211029012 1			82,800.00		82,633.41			11-Oct-2005		9.450%		TN - 79.96%		Paid Off - 360		01-Jun-2005

231058489 2			372,800.00		371,045.58			29-Sep-2005		8.090%		NJ - 79.84%		Paid Off - 360		01-Mar-2005

231059855 1			176,500.00		175,227.67			11-Oct-2005		5.900%		FL - 73.62%		Paid Off - 360		01-Mar-2005

231060103 1			86,800.00		86,317.34			07-Oct-2005		7.250%		MA - 79.81%		Paid Off - 360		01-Mar-2005

231060989 1			133,000.00		132,289.78			07-Oct-2005		8.250%		RI - 63.16%		Paid Off - 360		01-Mar-2005

231063438 2			396,000.00		394,868.88			30-Sep-2005		7.740%		NY - 89.94%		Paid Off - 360		01-Jun-2005

231063922 1			160,800.00		160,133.22			05-Oct-2005		7.000%		RI - 59.95%		Paid Off - 360		01-May-2005

231064351 2			367,500.00		366,473.19			27-Sep-2005		7.850%		NJ - 74.95%		Paid Off - 360		01-Jun-2005

231065906 2			112,500.00		112,201.14			14-Oct-2005		8.100%		MA - 89.94%		Paid Off - 360		01-Jun-2005

261051712 1			150,300.00		149,942.32			14-Oct-2005		8.640%		OH - 89.95%		Paid Off - 360		01-Jun-2005

271018283 1			225,500.00		223,872.42			05-Oct-2005		6.100%		CA - 71.37%		Paid Off - 360		01-Mar-2005

271019647 1			62,000.00		61,733.11			22-Sep-2005		8.575%		CT - 58.94%		Paid Off - 360		01-Mar-2005

271020500 1			72,900.00		72,651.50			16-Sep-2005		8.900%		FL - 89.90%		Paid Off - 360		01-Apr-2005

271020729 1			192,000.00		191,170.39			04-Oct-2005		7.000%		CA - 77.35%		Paid Off - 360		01-May-2005

271021204 1			198,500.00		197,443.94			12-Oct-2005		5.700%		NJ - 60.95%		Paid Off - 360		01-May-2005

291000103 1			211,500.00		211,500.00			28-Sep-2005		7.200%		FL - 75.00%		Paid Off - 360		01-May-2005

291000260 2			100,000.00		99,831.72			21-Sep-2005		11.350%		FL - 94.31%		Paid Off - 360		01-May-2005

311026567 2			825,000.00		824,999.99			19-Sep-2005		6.550%		NJ - 63.46%		Paid Off - 360		01-Apr-2005

311026570 2			205,000.00		204,468.61			13-Oct-2005		10.210%		NJ - 66.07%		Paid Off - 360		01-Apr-2005

311026740 1			225,000.00		224,092.26			12-Oct-2005		7.140%		NJ - 74.94%		Paid Off - 360		01-Apr-2005

311026781 1			327,000.00		327,000.00			03-Oct-2005		6.300%		NJ - 76.05%		Paid Off - 360		01-May-2005

321024578 1			172,000.00		171,426.87			16-Sep-2005		8.100%		WY - 79.95%		Paid Off - 360		01-May-2005

321024933 1			172,900.00		172,387.03			20-Sep-2005		7.550%		CO - 94.93%		Paid Off - 360		01-Jun-2005

321024938 2			506,112.00		504,776.30			22-Sep-2005		8.950%		CO - 79.96%		Paid Off - 360		01-Jun-2005

331032738 2			322,500.00		321,579.02			11-Oct-2005		10.500%		NY - 74.91%		Paid Off - 360		01-Mar-2005

331033201 1			235,800.00		234,943.44			28-Sep-2005		8.590%		NJ - 89.89%		Paid Off - 360		01-Apr-2005

331033857 1			198,000.00		198,000.00			06-Oct-2005		8.150%		CT - 90.00%		Paid Off - 360		01-Mar-2005

331033908 2			550,000.00		547,201.81			30-Sep-2005		7.700%		NY - 77.30%		Paid Off - 360		01-Mar-2005

331034624 1			190,000.00		188,936.89			13-Oct-2005		6.550%		NY - 29.19%		Paid Off - 360		01-May-2005

331034688 1			436,000.00		429,202.52			13-Oct-2005		7.290%		NY - 79.88%		Paid Off - 360		01-Apr-2005

331034900 2			392,000.00		390,881.99			22-Sep-2005		10.700%		NJ - 79.94%		Paid Off - 360		01-May-2005

331035260 1			335,000.00		333,677.46			03-Oct-2005		7.250%		NJ - 78.70%		Paid Off - 360		01-May-2005

331035326 1			264,000.00		262,839.46			04-Oct-2005		6.700%		NY - 79.93%		Paid Off - 360		01-May-2005

331036047 1			259,250.00		259,250.00			29-Sep-2005		6.990%		NJ - 85.00%		Paid Off - 360		01-Jun-2005

341022275 1			99,000.00		98,578.91			03-Oct-2005		8.590%		NC - 89.84%		Paid Off - 360		01-Mar-2005

341022491 1			215,050.00		214,382.56			30-Sep-2005		8.450%		NC - 84.95%		Paid Off - 360		01-May-2005



Page 22 of 28
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

October 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

341023805 1			124,500.00		123,870.43			22-Sep-2005		6.000%		NC - 68.27%		Paid Off - 360		01-May-2005


361024281 1			286,320.00		285,453.46			12-Oct-2005		7.450%		MI - 79.94%		Paid Off - 360		01-Jun-2005

371024061 2			76,500.00		76,228.52			27-Sep-2005		8.850%		FL - 89.89%		Paid Off - 360		01-Apr-2005

371024334 1			151,905.00		151,331.45			11-Oct-2005		8.400%		FL - 94.88%		Paid Off - 360		01-Apr-2005

371024702 1			207,000.00		206,324.08			12-Oct-2005		8.200%		FL - 89.94%		Paid Off - 360		01-May-2005

381018690 1			162,000.00		160,987.68			03-Oct-2005		6.650%		RI - 89.76%		Paid Off - 360		01-Mar-2005

381018862 1			227,000.00		225,628.22			22-Sep-2005		7.190%		MA - 77.54%		Paid Off - 360		01-Mar-2005

381018971 1			327,000.00		324,730.18			20-Sep-2005		6.100%		MA - 74.61%		Paid Off - 360		01-Mar-2005

381019044 1			154,000.00		153,056.05			14-Oct-2005		6.750%		CT - 52.97%		Paid Off - 360		01-Mar-2005

381019523 1			301,500.00		299,992.47			28-Sep-2005		6.990%		RI - 89.85%		Paid Off - 360		01-Apr-2005

381019555 1			107,200.00		107,007.03			20-Sep-2005		11.040%		MD - 79.97%		Paid Off - 360		01-May-2005

381020033 1			132,000.00		131,452.56			27-Sep-2005		7.550%		RI - 79.94%		Paid Off - 360		01-May-2005

381020099 1			283,500.00		282,466.11			20-Sep-2005		7.650%		RI - 88.53%		Paid Off - 360		01-May-2005

381020857 1			163,000.00		162,553.65			12-Oct-2005		7.950%		MA - 60.33%		Paid Off - 360		01-Jun-2005

401000213 1			224,400.00		223,333.71			28-Sep-2005		7.250%		MA - 84.87%		Paid Off - 360		01-Apr-2005

401000814 2			60,700.00		60,574.42			04-Oct-2005		11.100%		MA - 82.74%		Paid Off - 360		01-May-2005

401001227 2			50,000.00		49,936.58			23-Sep-2005		11.600%		CA - 75.72%		Paid Off - 360		01-Jun-2005

511034962 1			144,000.00		143,495.44			04-Oct-2005		7.850%		CA - 89.88%		Paid Off - 360		01-May-2005

521023569 1			69,350.00		69,197.28			04-Oct-2005		10.100%		MO - 94.96%		Paid Off - 360		01-May-2005

561001905 2			424,800.00		422,771.07			28-Sep-2005		6.650%		FL - 79.86%		Paid Off - 360		01-May-2005

611014214 1			210,000.00		208,991.70			14-Oct-2005		7.990%		NY - 69.86%		Paid Off - 360		01-Mar-2005

611014957 1			259,250.00		258,364.22			14-Oct-2005		8.600%		NJ - 95.90%		Paid Off - 360		01-May-2005

611015172 2			588,000.00		585,588.12			20-Sep-2005		7.990%		NY - 79.89%		Paid Off - 360		01-Apr-2005

611015337 1			220,000.00		219,069.76			13-Oct-2005		6.900%		NY - 79.93%		Paid Off - 360		01-May-2005

611015825 2			462,000.00		462,000.00			30-Sep-2005		6.650%		NY - 73.92%		Paid Off - 360		01-Jun-2005

621006259 1			167,841.00		167,164.10			23-Sep-2005		8.850%		FL - 89.85%		Paid Off - 360		01-Mar-2005

621006261 1			150,400.00		149,383.96			27-Sep-2005		6.600%		FL - 79.75%		Paid Off - 360		01-Mar-2005

621007022 1			105,000.00		104,615.48			28-Sep-2005		8.550%		FL - 59.93%		Paid Off - 360		01-Apr-2005

621007511 1			250,750.00		249,879.12			13-Oct-2005		6.750%		FL - 84.93%		Paid Off - 360		01-Jun-2005

631006113 1			204,750.00		203,530.95			14-Oct-2005		6.900%		CA - 74.81%		Paid Off - 360		01-Mar-2005

631006243 1			250,000.00		248,369.88			05-Oct-2005		5.600%		CA - 57.35%		Paid Off - 360		01-Apr-2005

631006404 1			191,000.00		191,000.00			30-Sep-2005		6.990%		CA - 84.51%		Paid Off - 360		01-Apr-2005

631006469 1			268,000.00		267,086.99			28-Sep-2005		7.990%		CA - 66.95%		Paid Off - 360		01-May-2005

651007687 1			254,150.00		253,504.90			04-Oct-2005		11.050%		GA - 84.65%		Paid Off - 360		01-Mar-2005

651008277 1			160,650.00		159,829.67			27-Sep-2005		8.100%		FL - 84.86%		Paid Off - 360		01-Apr-2005

651008719 1			119,000.00		118,669.42			21-Sep-2005		8.990%		VA - 69.92%		Paid Off - 360		01-May-2005

651008900 1			328,000.00		327,052.35			12-Oct-2005		8.800%		FL - 79.95%		Paid Off - 360		01-May-2005

651008956 1			149,850.00		149,132.89			04-Oct-2005		6.700%		TN - 89.92%		Paid Off - 360		01-May-2005



Page 23 of 28
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

October 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

651009361 2			401,000.00		399,737.33			06-Oct-2005		7.250%		MN - 84.89%		Paid Off - 360		01-Jun-2005


661004185 1			260,000.00		259,000.00			04-Oct-2005		5.950%		CA - 79.88%		Paid Off - 360		01-Mar-2005

661004270 1			208,000.00		206,113.27			07-Oct-2005		5.400%		NV - 79.64%		Paid Off - 360		01-Feb-2005

661004471 1			288,000.00		286,225.72			23-Sep-2005		7.590%		CA - 89.80%		Paid Off - 360		01-Mar-2005

661004578 2			450,000.00		450,000.00			16-Sep-2005		6.375%		CA - 90.00%		Paid Off - 360		01-Mar-2005

661004590 1			236,250.00		234,759.40			03-Oct-2005		6.600%		CA - 74.80%		Paid Off - 360		01-Mar-2005

661004701 1			343,000.00		340,845.76			27-Sep-2005		5.800%		CA - 69.85%		Paid Off - 360		01-Apr-2005

661005719 1			156,000.00		156,000.00			27-Sep-2005		7.475%		CA - 80.00%		Paid Off - 360		01-May-2005

661005803 1			149,600.00		149,600.00			23-Sep-2005		6.750%		CA - 80.00%		Paid Off - 360		01-May-2005

671002320 1			225,600.00		224,868.44			27-Sep-2005		9.900%		FL - 79.89%		Paid Off - 360		01-Mar-2005

671002833 1			238,500.00		237,373.63			16-Sep-2005		7.550%		CA - 74.89%		Paid Off - 360		01-Apr-2005

671002878 1			124,000.00		124,000.00			06-Oct-2005		7.200%		CA - 80.00%		Paid Off - 360		01-Apr-2005

671002901 2			508,000.00		508,000.00			03-Oct-2005		6.550%		CA - 80.00%		Paid Off - 360		01-Apr-2005

671002907 1			295,375.00		295,375.00			03-Oct-2005		6.150%		CA - 85.00%		Paid Off - 360		01-Apr-2005

671002981 1			179,992.00		179,987.37			05-Oct-2005		6.125%		UT - 80.00%		Paid Off - 360		01-May-2005

671003650 1			292,000.00		291,006.14			29-Sep-2005		8.600%		CA - 79.90%		Paid Off - 360		01-May-2005

671003765 1			121,250.00		120,883.05			04-Oct-2005		7.450%		AZ - 79.93%		Paid Off - 360		01-Jun-2005

671003853 1			168,750.00		168,328.19			22-Sep-2005		8.400%		CA - 74.95%		Paid Off - 360		01-Jun-2005

681004183 1			340,000.00		337,915.98			16-Sep-2005		6.750%		MA - 86.51%		Paid Off - 360		01-Mar-2005

681004920 1			144,000.00		143,357.69			11-Oct-2005		6.625%		ME - 61.22%		Paid Off - 360		#######

681005138 1			110,320.00		109,942.84			07-Oct-2005		7.990%		VT - 79.95%		Paid Off - 360		01-May-2005

681005824 1			153,000.00		152,513.45			26-Sep-2005		7.200%		NH - 66.76%		Paid Off - 360		01-Jun-2005

691002317 1			183,200.00		182,406.42			22-Sep-2005		8.500%		MD - 79.85%		Paid Off - 360		01-Mar-2005

691002319 1			292,000.00		292,000.00			29-Sep-2005		6.250%		VA - 80.00%		Paid Off - 360		01-Mar-2005

691002365 1			174,400.00		173,847.58			05-Oct-2005		8.350%		MD - 79.90%		Paid Off - 360		01-May-2005

691002832 1			229,500.00		228,642.21			12-Oct-2005		8.450%		MD - 84.90%		Paid Off - 360		01-Apr-2005

691003004 1			277,400.00		277,400.00			11-Oct-2005		7.240%		MD - 95.00%		Paid Off - 360		01-May-2005

691003159 1			266,000.00		265,039.61			12-Oct-2005		6.550%		MD - 62.53%		Paid Off - 360		01-Jun-2005

711006481 1			105,000.00		104,726.44			06-Oct-2005		9.300%		VT - 81.95%		Paid Off - 360		01-May-2005

721005846 1			330,000.00		327,917.17			05-Oct-2005		6.600%		CA - 78.36%		Paid Off - 360		01-Mar-2005

731009343 1			141,100.00		139,973.68			29-Sep-2005		8.250%		NC - 84.62%		Paid Off - 360		01-Apr-2005

741010418 1			180,050.00		179,448.05			07-Oct-2005		8.100%		FL - 64.96%		Paid Off - 360		01-May-2005

761007287 1			246,400.00		245,406.28			28-Sep-2005		8.850%		IL - 79.86%		Paid Off - 360		01-Mar-2005

761008797 1			85,000.00		84,816.73			03-Oct-2005		10.200%		IL - 84.96%		Paid Off - 360		01-May-2005

761009006 1			87,550.00		87,241.02			07-Oct-2005		7.850%		WI - 84.88%		Paid Off - 360		01-May-2005

781002652 1			165,000.00		164,300.94			20-Sep-2005		6.890%		MI - 78.51%		Paid Off - 360		01-May-2005

781002709 1			87,200.00		86,955.72			04-Oct-2005		8.950%		MI - 79.96%		Paid Off - 360		01-May-2005

831033421 2			442,000.00		438,596.90			26-Sep-2005		6.900%		CA - 84.64%		Paid Off - 360		01-Jan-2005



Page 24 of 28
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

October 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

831033464 2			1,012,500.00		1,012,500.00			06-Oct-2005		7.250%		CA - 72.32%		Paid Off - 360		01-Jan-2005


831033481 2			374,000.00		371,147.79			16-Sep-2005		6.950%		CA - 84.64%		Paid Off - 360		01-Jan-2005

831033488 1			233,750.00		233,748.00			23-Sep-2005		7.800%		CA - 85.00%		Paid Off - 360		01-Jan-2005

831035990 2			130,000.00		128,404.83			06-Oct-2005		9.990%		CA - 84.57%		Paid Off - 240		01-Jan-2005

831038454 1			96,000.00		95,486.80			30-Sep-2005		7.450%		NJ - 79.82%		Paid Off - 360		01-Mar-2005

831038593 1			123,250.00		122,950.40			03-Oct-2005		11.250%		AZ - 84.91%		Paid Off - 360		01-Mar-2005

831038595 1			246,500.00		246,500.00			12-Oct-2005		6.500%		CA - 85.00%		Paid Off - 360		01-Apr-2005

831039472 1			150,000.00		149,416.14			29-Sep-2005		8.250%		CA - 33.27%		Paid Off - 360		01-Apr-2005

831039893 1			252,000.00		250,784.14			04-Oct-2005		7.175%		CA - 89.78%		Paid Off - 360		01-Apr-2005

831039911 2			157,250.00		156,694.98			30-Sep-2005		9.500%		FL - 84.83%		Paid Off - 360		01-Apr-2005

841003290 1			68,432.00		68,232.70			13-Oct-2005		9.900%		MI - 79.92%		Paid Off - 360		01-Apr-2005

841004359 1			85,600.00		85,350.12			22-Sep-2005		8.750%		MI - 79.95%		Paid Off - 360		01-May-2005

841004585 1			118,750.00		118,437.38			27-Sep-2005		9.250%		MI - 94.95%		Paid Off - 360		01-May-2005

871000376 1			187,000.00		186,249.73			28-Sep-2005		8.100%		NJ - 84.89%		Paid Off - 360		01-Apr-2005

871000611 1			126,400.00		126,063.32			03-Oct-2005		9.200%		NJ - 79.92%		Paid Off - 360		01-May-2005



TOTAL			45,627,589.00		45,362,808.95



Page 25 of 28
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

October 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 26 of 28
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

October 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								1.563838%
						Ending Balance								1,338,853,569.73
						Credit Enhancement Percentage (For Trigger)								17.1095%
						Credit Enhancement Percentage (For Step Down)								14.4023%



ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION

SPACE INTENTIONALLY LEFT BLANK




Page 27 of 28
Soundview Home Equity Loan Trust 2005-OPT1

Mortgage Pass-Through Certificates

2005-OPT1

October 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										$0.00		$0.00

			M-9										$0.00		$0.00

			M-10										$0.00		$0.00







Page 28 of 28

Soundview Home Loan Trust 2005-OPT1 8-K