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 September 1, 2005, providing for the issuance of Soundview Home Loan Trust 2005-OPT3 Mortgage Pass-Through Certificates, Series 2005-OPT3) (Exact name of registrant as specified in charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-127352-06 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.

SECURITIES AND EXCHANGE COMMISSION



Soundview Home Equity Loan Trust 2005-OPT3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT3

October 25, 2005 Distribution

				External Parties						Table of Contents

													Page
				Seller									Page
				Seller						1. Certificate Payment Report					2
				Financial Asset Securites Corp.						1. Certificate Payment Report					2
				Financial Asset Securites Corp.						2. Collection Account Report					6
										2. Collection Account Report					6
										3. Credit Enhancement Report					8
										4. Collateral Report					9
				Certificate Insurer(s)						5. Delinquency Report					12
				Certificate Insurer(s)						5. Delinquency Report					12
										6. REO Report					15

										7. Foreclosure Report					16
										8. Prepayment Report					17
										9. Prepayment Detail Report					20
										9. Prepayment Detail Report					20
										10. Realized Loss Report					21
										11. Realized Loss Detail Report					24
				Servicer(s)						11. Realized Loss Detail Report					24
				Servicer(s)						12. Triggers and Adj. Cert. Report					25
				Option One						12. Triggers and Adj. Cert. Report					25
				Option One						13. Additional Certificate Report					26
										13. Additional Certificate Report					26


				Underwriter(s)
				Financial Asset Securites Corp.


										Total Number of Pages					26
										Total Number of Pages

				Dates						Contacts

				Cut-Off Date:			September 01, 2005			Hang Luu
				Close Date:			September 30, 2005			Administrator
				First Distribution Date:			October 25, 2005			(714) 247-6000
										hang-thai.luu@db.com
										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			Factor Information:			(800) 735-7777
										Main Phone Number:			(714) 247-6000

							October 24, 2005
							October 24, 2005

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






Page 1 of 26
Soundview Home Equity Loan Trust 2005-OPT3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT3

October 25, 2005 Distribution
Certificate Payment Report
Current Period Distribution - 1
					Prior												Current
	Class		Original		Principal						Total		Realized		Deferred		Principal
	Class		Original		Principal						Total		Realized		Deferred		Principal
Class	Type	Cur	Face Value		Balance		Interest		Principal		Distribution		Loss		Interest		Balance


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

A-1	FLT/STEP/AF	$	639,502,000.00		639,502,000.00		1,821,084.09		1,510,419.82		3,331,503.91		0.00		0.00		637,991,580.18
A-1	FLT/STEP/AF	$	639,502,000.00		639,502,000.00		1,821,084.09		1,510,419.82		3,331,503.91		0.00		0.00		637,991,580.18
A-2	FLT/STEP/AF	$	284,080,000.00		284,080,000.00		779,371.51		2,847,652.63		3,627,024.14		0.00		0.00		281,232,347.37
A-3	FLT/STEP/AF	$	129,900,000.00		129,900,000.00		363,596.41		0.00		363,596.41		0.00		0.00		129,900,000.00
A-4	FLT/STEP/AF	$	164,130,000.00		164,130,000.00		471,945.56		0.00		471,945.56		0.00		0.00		164,130,000.00
A-5	FLT/STEP/AF	$	61,418,000.00		61,418,000.00		180,015.73		0.00		180,015.73		0.00		0.00		61,418,000.00
M-1	FLT/STEP/AF	$	65,690,000.00		65,690,000.00		196,642.56		0.00		196,642.56		0.00		0.00		65,690,000.00
M-2	FLT/STEP/AF	$	38,641,000.00		38,641,000.00		117,818.29		0.00		117,818.29		0.00		0.00		38,641,000.00
M-3	FLT/STEP/AF	$	27,049,000.00		27,049,000.00		83,788.60		0.00		83,788.60		0.00		0.00		27,049,000.00
M-4	FLT/STEP/AF	$	18,548,000.00		18,548,000.00		58,228.23		0.00		58,228.23		0.00		0.00		18,548,000.00
M-5	FLT/STEP/AF	$	18,548,000.00		18,548,000.00		62,350.00		0.00		62,350.00		0.00		0.00		18,548,000.00
M-6	FLT/STEP/AF	$	17,002,000.00		17,002,000.00		60,104.79		0.00		60,104.79		0.00		0.00		17,002,000.00
M-7	FLT/STEP/AF	$	17,002,000.00		17,002,000.00		66,008.26		0.00		66,008.26		0.00		0.00		17,002,000.00
M-8	FLT/STEP/AF	$	17,002,000.00		17,002,000.00		74,863.47		0.00		74,863.47		0.00		0.00		17,002,000.00
M-9	FLT/STEP/AF	$	11,592,000.00		11,592,000.00		51,042.07		0.00		51,042.07		0.00		0.00		11,592,000.00
M-10	FLT/STEP/AF	$	10,820,000.00		10,820,000.00		47,642.79		0.00		47,642.79		0.00		0.00		10,820,000.00
M-11	FLT/STEP/AF	$	7,728,000.00		7,728,000.00		34,028.05		0.00		34,028.05		0.00		0.00		7,728,000.00
M-12	FLT/STEP/AF	$	3,864,000.00		3,864,000.00		17,014.02		0.00		17,014.02		0.00		0.00		3,864,000.00
C	EXE	$	13,137,956.56		13,137,956.56		4,446,369.20		0.00		4,446,369.20		0.00		102.92		13,138,059.48
P	EXE	$	100.00		100.00		37,194.35		0.00		37,194.35		0.00		0.00		100.00
R	RES_EXE	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
R-X	RES_EXE	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			1,545,654,056.56		1,545,654,056.56		8,969,107.98		4,358,072.45		13,327,180.43		0.00		102.92		1,541,296,087.03
Total





Page 2 of 26
Soundview Home Equity Loan Trust 2005-OPT3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT3

October 25, 2005 Distribution

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

									(1)		(1)		(2)		(3)		(4)=(2)+(3)	(5)
A-1	09/30/05		10/24/05		A-Act/360		83611MHD3		639,502,000.00		1,000.000000		2.847660		2.361869		5.209529	997.638131
A-2	09/30/05		10/24/05		A-Act/360		83611MHE1		284,080,000.00		1,000.000000		2.743493		10.024122		12.767615	989.975878
A-3	09/30/05		10/24/05		A-Act/360		83611MHF8		129,900,000.00		1,000.000000		2.799049		0.000000		2.799049	1,000.000000
A-4	09/30/05		10/24/05		A-Act/360		83611MGS1		164,130,000.00		1,000.000000		2.875438		0.000000		2.875438	1,000.000000
A-5	09/30/05		10/24/05		A-Act/360		83611MGT9		61,418,000.00		1,000.000000		2.930993		0.000000		2.930993	1,000.000000
M-1	09/30/05		10/24/05		A-Act/360		83611MGU6		65,690,000.00		1,000.000000		2.993493		0.000000		2.993493	1,000.000000
M-2	09/30/05		10/24/05		A-Act/360		83611MGV4		38,641,000.00		1,000.000000		3.049049		0.000000		3.049049	1,000.000000
M-3	09/30/05		10/24/05		A-Act/360		83611MGW2		27,049,000.00		1,000.000000		3.097660		0.000000		3.097660	1,000.000000
M-4	09/30/05		10/24/05		A-Act/360		83611MGX0		18,548,000.00		1,000.000000		3.139327		0.000000		3.139327	1,000.000000
M-5	09/30/05		10/24/05		A-Act/360		83611MGY8		18,548,000.00		1,000.000000		3.361548		0.000000		3.361548	1,000.000000
M-6	09/30/05		10/24/05		A-Act/360		83611MGZ5		17,002,000.00		1,000.000000		3.535160		0.000000		3.535160	1,000.000000
M-7	09/30/05		10/24/05		A-Act/360		83611MHA9		17,002,000.00		1,000.000000		3.882382		0.000000		3.882382	1,000.000000
M-8	09/30/05		10/24/05		A-Act/360		83611MHB7		17,002,000.00		1,000.000000		4.403216		0.000000		4.403216	1,000.000000
M-9	09/30/05		10/24/05		A-Act/360		83611MHC5		11,592,000.00		1,000.000000		4.403215		0.000000		4.403215	1,000.000000
M-10	09/30/05		10/24/05		A-Act/360		83611MHG6		10,820,000.00		1,000.000000		4.403215		0.000000		4.403215	1,000.000000
M-11	09/30/05		10/24/05		A-Act/360		83611MHH4		7,728,000.00		1,000.000000		4.403216		0.000000		4.403216	1,000.000000
M-12	09/30/05		10/24/05		A-Act/360		83611MHJ0		3,864,000.00		1,000.000000		4.403214		0.000000		4.403214	1,000.000000
C	09/01/05		09/30/05		F-30/360		GC05O3101		13,137,956.56		1,000.000000		338.436893		0.000000		338.436893	1,000.007834
P	09/01/05		09/30/05		F-30/360		GC05O3102		100.00		1,000.000000		371,943.500000		0.000000		371,943.500000	1,000.000000
R	09/01/05		09/30/05		F-30/360		GC05O3103		0.00		0.000000		0.000000		0.000000		0.000000	0.000000
R-X	09/01/05		09/30/05		F-30/360		GC05O3104		0.00		0.000000		0.000000		0.000000		0.000000	0.000000




Page 3 of 26
Soundview Home Equity Loan Trust 2005-OPT3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT3

October 25, 2005 Distribution

Distribution to Date - 1
																	Current


	Original				Unscheduled		Scheduled		Total		Total		Realized		Deferred		Principal

Class	Face Value		Interest		Principal		Principal		Principal		Distribution		Loss		Interest		Balance
	(1)		(2)		(3)		(4)		(5)=(3)+(4)		(6)=(2)+(5)		(7)		(8)		(9)=(1)-(5)-(7)+(8)
A-1	639,502,000.00		1,821,084.09		1,183,824.38		326,595.44		1,510,419.82		3,331,503.91		0.00		0.00		637,991,580.18
A-2	284,080,000.00		779,371.51		2,231,909.68		615,742.95		2,847,652.63		3,627,024.14		0.00		0.00		281,232,347.37
A-3	129,900,000.00		363,596.41		0.00		0.00		0.00		363,596.41		0.00		0.00		129,900,000.00
A-4	164,130,000.00		471,945.56		0.00		0.00		0.00		471,945.56		0.00		0.00		164,130,000.00
A-5	61,418,000.00		180,015.73		0.00		0.00		0.00		180,015.73		0.00		0.00		61,418,000.00
M-1	65,690,000.00		196,642.56		0.00		0.00		0.00		196,642.56		0.00		0.00		65,690,000.00
M-2	38,641,000.00		117,818.29		0.00		0.00		0.00		117,818.29		0.00		0.00		38,641,000.00
M-3	27,049,000.00		83,788.60		0.00		0.00		0.00		83,788.60		0.00		0.00		27,049,000.00
M-4	18,548,000.00		58,228.23		0.00		0.00		0.00		58,228.23		0.00		0.00		18,548,000.00
M-5	18,548,000.00		62,350.00		0.00		0.00		0.00		62,350.00		0.00		0.00		18,548,000.00
M-6	17,002,000.00		60,104.79		0.00		0.00		0.00		60,104.79		0.00		0.00		17,002,000.00
M-7	17,002,000.00		66,008.26		0.00		0.00		0.00		66,008.26		0.00		0.00		17,002,000.00
M-8	17,002,000.00		74,863.47		0.00		0.00		0.00		74,863.47		0.00		0.00		17,002,000.00
M-9	11,592,000.00		51,042.07		0.00		0.00		0.00		51,042.07		0.00		0.00		11,592,000.00
M-10	10,820,000.00		47,642.79		0.00		0.00		0.00		47,642.79		0.00		0.00		10,820,000.00
M-11	7,728,000.00		34,028.05		0.00		0.00		0.00		34,028.05		0.00		0.00		7,728,000.00
M-12	3,864,000.00		17,014.02		0.00		0.00		0.00		17,014.02		0.00		0.00		3,864,000.00
C	13,137,956.56		4,446,369.20		-80.67		-22.25		0.00		4,446,369.20		0.00		102.92		13,138,059.48
P	100.00		37,194.35		0.00		0.00		0.00		37,194.35		0.00		0.00		100.00
R	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
R-X	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total	1,545,654,056.56		8,969,107.98		3,415,653.39		942,316.14		4,358,072.45		13,327,180.43		0.00		102.92		1,541,296,087.03



Page 4 of 26
Soundview Home Equity Loan Trust 2005-OPT3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT3

October 25, 2005 Distribution

Interest Detail - 1
	Pass		Prior Principal				Non-		Prior		Unscheduled				Paid or		Current
	Pass		Prior Principal				Non-		Prior		Unscheduled				Paid or

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

Class	Rate		Balance		Interest		Interest SF		Interest		Adjustment		Interest		Interest		Interest
					(1)		(2)		(3)		(4)		(5)=(1)-(2)+(3)+(4)		(6)		(7)=(5)-(6)
A-1	4.10063%		639,502,000.00		1,821,084.09		0.00		0.00		0.00		1,821,084.09		1,821,084.09		0.00
A-2	3.95063%		284,080,000.00		779,371.51		0.00		0.00		0.00		779,371.51		779,371.51		0.00
A-3	4.03063%		129,900,000.00		363,596.41		0.00		0.00		0.00		363,596.41		363,596.41		0.00
A-4	4.14063%		164,130,000.00		471,945.56		0.00		0.00		0.00		471,945.56		471,945.56		0.00
A-5	4.22063%		61,418,000.00		180,015.73		0.00		0.00		0.00		180,015.73		180,015.73		0.00
M-1	4.31063%		65,690,000.00		196,642.56		0.00		0.00		0.00		196,642.56		196,642.56		0.00
M-2	4.39063%		38,641,000.00		117,818.29		0.00		0.00		0.00		117,818.29		117,818.29		0.00
M-3	4.46063%		27,049,000.00		83,788.60		0.00		0.00		0.00		83,788.60		83,788.60		0.00
M-4	4.52063%		18,548,000.00		58,228.23		0.00		0.00		0.00		58,228.23		58,228.23		0.00
M-5	4.84063%		18,548,000.00		62,350.00		0.00		0.00		0.00		62,350.00		62,350.00		0.00
M-6	5.09063%		17,002,000.00		60,104.79		0.00		0.00		0.00		60,104.79		60,104.79		0.00
M-7	5.59063%		17,002,000.00		66,008.26		0.00		0.00		0.00		66,008.26		66,008.26		0.00
M-8	6.34063%		17,002,000.00		74,863.47		0.00		0.00		0.00		74,863.47		74,863.47		0.00
M-9	6.34063%		11,592,000.00		51,042.07		0.00		0.00		0.00		51,042.07		51,042.07		0.00
M-10	6.34063%		10,820,000.00		47,642.79		0.00		0.00		0.00		47,642.79		47,642.79		0.00
M-11	6.34063%		7,728,000.00		34,028.05		0.00		0.00		0.00		34,028.05		34,028.05		0.00
M-12	6.34063%		3,864,000.00		17,014.02		0.00		0.00		0.00		17,014.02		17,014.02		0.00
C	406.13367%		13,137,956.56		0.00		-4,485,544.41		0.00		0.00		4,485,544.41		4,446,472.12		39,072.29
P	446,332.20000%		100.00		0.00		0.00		0.00		0.00		0.00		37,194.35		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
R-X	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			1,545,654,056.56		#######		-4,485,544.41		0.00		0.00		8,971,088.84		8,969,210.90		39,072.29



Page 5 of 26
Soundview Home Equity Loan Trust 2005-OPT3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT3

October 25, 2005 Distribution
Collection Account Report
SUMMARY
SUMMARY
										Group 2		Group 1		Total
Principal Collections										2,847,585.38		1,510,384.15		4,357,969.53
Principal Withrawals										0.00		0.00		0.00
Principal Other Accounts										0.00		0.00		0.00
TOTAL NET PRINCIPAL										2,847,585.38		1,510,384.15		4,357,969.53
Interest Collections										4,464,968.43		4,794,435.96		9,259,404.39
Interest Withdrawals										-0.00		-0.00		-0.00
Interest Other Accounts										0.00		37,194.35		37,194.35
Interest Fees										-153,585.17		-155,165.97		-327,387.85
TOTAL NET INTEREST										4,311,383.26		4,676,464.34		8,969,210.89
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION										7,158,968.64		6,186,848.49		13,327,180.42



PRINCIPAL - COLLECTIONS
PRINCIPAL - COLLECTIONS
											Group 2		Group 1		Total
Scheduled Principal Received											431,471.77		510,844.37		942,316.14
Curtailments											45,095.74		48,633.07		93,728.81
Prepayments In Full											2,371,017.87		950,906.71		3,321,924.58
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											-87,563.43		-94,914.17		-182,477.60
Realized Losses											-0.00		-0.00		-0.00
Advanced Principal											87,563.43		94,914.17		182,477.60
TOTAL PRINCIPAL COLLECTED											2,847,585.38		1,510,384.15		4,357,969.53


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



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





Page 6 of 26
Soundview Home Equity Loan Trust 2005-OPT3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT3

October 25, 2005 Distribution

INTEREST - COLLECTIONS
INTEREST - COLLECTIONS
										Group 2		Group 1		Total
Scheduled Interest										4,504,593.74		4,832,473.03		9,337,066.77
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										-424.46		-211.92		-636.38
Delinquent Interest										-969,635.75		-997,635.69		-1,967,271.44
Compensating Interest										424.46		211.92		636.37
Civil Relief Act Shortfalls										-0.00		-0.00		-0.00
Interest Advanced										930,010.45		959,598.63		1,889,609.08
TOTAL INTEREST COLLECTED										4,464,968.43		4,794,435.96		9,259,404.39


INTEREST - WITHDRAWALS
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
INTEREST - OTHER ACCOUNTS
										Group 2		Group 1		Total
Prepayment Charges														37,194.35
TOTAL INTEREST OTHER ACCOUNTS										0.00		37,194.35		37,194.35



INTEREST - FEES
INTEREST - FEES
										Group 2		Group 1		Total
Current Servicing Fees										153,585.17		155,165.97		308,751.14
Credit Risk Management Fees														14,128.55
Custodian Fees														4,508.16
TOTAL INTEREST FEES										153,585.17		155,165.97		327,387.85




Page 7 of 26
Soundview Home Equity Loan Trust 2005-OPT3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT3

October 25, 2005 Distribution
Credit Enhancement Report
ACCOUNTS

SPACE INTENTIONALLY LEFT BLANK



INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES
STRUCTURAL FEATURES
										Group 2		Group 1		Total
Overcollateralization Target Amount														13,138,059.48
Overcollateralization Amount														13,138,059.48
Excess Overcollateralized Amount														0.00
Overcollateralization Release Amount														0.00
Overcollateralization Deficiency Amount														102.92
Extra Principal distribution Amount														102.92




Page 8 of 26
Soundview Home Equity Loan Trust 2005-OPT3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT3

October 25, 2005 Distribution
Collateral Report


COLLATERAL



											Group 2		Group 1		Total



Loan Count:


Original										3,045		4,677		7,722
Prior										3,045		4,677		7,722
Prefunding										0		0		0
Scheduled Paid Offs										-0		-0		-0
Full Voluntary Prepayments										-11		-7		-18
Repurchases										-0		-0		-0
Liquidations										-0		-0		-0
Current										3,034		4,670		7,704
Principal Balance:


Original										772,841,951.63		772,812,104.93		1,545,654,056.56
Prior										772,841,951.63		772,812,104.93		1,545,654,056.56
Prefunding										0.00		0.00		0.00
Scheduled Principal										-431,471.77		-510,844.37		-942,316.14
Partial Prepayments										-45,095.74		-48,633.07		-93,728.81
Full Voluntary Prepayments										-2,371,017.87		-950,906.71		-3,321,924.58
Repurchases										-0.00		-0.00		-0.00
Liquidations										-0.00		-0.00		-0.00
Current										769,994,366.25		771,301,720.78		1,541,296,087.03





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 9 of 26
Soundview Home Equity Loan Trust 2005-OPT3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT3

October 25, 2005 Distribution

CHARACTERISTICS
CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Coupon Original										6.99433%		7.50543%		7.24988%
Weighted Average Coupon Prior										6.99433%		7.50543%		7.24988%
Weighted Average Coupon Current										6.99433%		7.50543%		7.24988%
Weighted Average Months to Maturity Original										357		356		356
Weighted Average Months to Maturity Prior										357		356		356
Weighted Average Months to Maturity Current										357		356		356
Weighted Avg Remaining Amortization Term Original										357		356		356
Weighted Avg Remaining Amortization Term Prior										357		356		356
Weighted Avg Remaining Amortization Term Current										357		356		356
Weighted Average Seasoning Original										1.98		1.66		1.82
Weighted Average Seasoning Prior										1.98		1.66		1.82
Weighted Average Seasoning Current										1.98		1.66		1.82









Page 10 of 26
Soundview Home Equity Loan Trust 2005-OPT3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT3

October 25, 2005 Distribution

ARM CHARACTERISTICS
ARM CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Margin Original										5.22126%		5.88486%		5.54868%
Weighted Average Margin Prior										5.22126%		5.88486%		5.54868%
Weighted Average Margin Current										5.22126%		5.88486%		5.54868%
Weighted Average Max Rate Original										12.94560%		13.63934%		13.28789%
Weighted Average Max Rate Prior										12.94560%		13.63934%		13.28789%
Weighted Average Max Rate Current										12.94560%		13.63934%		13.28789%
Weighted Average Min Rate Original										6.94331%		7.63823%		7.28618%
Weighted Average Min Rate Prior										6.94331%		7.63823%		7.28618%
Weighted Average Min Rate Current										6.94331%		7.63823%		7.28618%
Weighted Average Cap Up Original										1.00000%		1.00021%		1.00010%
Weighted Average Cap Up Prior										1.00000%		1.00021%		1.00010%
Weighted Average Cap Up Current										1.00000%		1.00021%		1.00010%
Weighted Average Cap Down Original										1.00000%		1.00021%		1.00010%
Weighted Average Cap Down Prior										1.00000%		1.00021%		1.00010%
Weighted Average Cap Down Current										1.00000%		1.00021%		1.00010%




SERVICING FEES & ADVANCES

											Group 2		Group 1		Total




Current Servicing Fees										153,585.17		155,165.97		308,751.14
Delinquent Servicing Fees										39,625.32		38,037.05		77,662.37
TOTAL SERVICING FEES										193,210.50		193,203.03		386,413.53


Total Servicing Fees										193,210.50		193,203.03		386,413.53
Compensating Interest										-424.46		-211.92		-636.37
Delinquent Servicing Fees										-39,625.32		-38,037.05		-77,662.37
COLLECTED SERVICING FEES										153,160.73		154,954.06		308,114.78


Total Advaced Interest										930,010.45		959,598.63		1,889,609.08
Total Advaced Principal										87,563.43		94,914.17		182,477.60
Aggregate Advances with respect to this Distribution										1,017,573.87		1,054,512.80		2,072,086.67





ADDITIONAL COLLATERAL INFORMATION
										Group 2		Group 1		Total
Prepayment Interest Shortfall (PPIS)										424.46		211.92		636.38
Compensating Interest										-424.46		-211.92		-636.37
Net Prepayment Interest Shortfall (PPIS)										0.00		0.00		0.00

Weighted Average Net Mortgage Rate										6.694331%		7.261477%

Libor For Current Period														3.8406%

Libor For Next Period														4.0375%



Page 11 of 26
Soundview Home Equity Loan Trust 2005-OPT3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT3

October 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				89,912.89		0.00		0.00		89,912.89
			% Balance				0.01%		0.00%		0.00%		0.01%
			# Loans				1		0		0		1
			% # Loans				0.01%		0.00%		0.00%		0.01%
	FORECLOSURE		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	BANKRUPTCY		Balance		749,257.16		0.00		0.00		0.00		749,257.16
			% Balance		0.05%		0.00%		0.00%		0.00%		0.05%
			# Loans		3		0		0		0		3
			% # Loans		0.04%		0.00%		0.00%		0.00%		0.04%
	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		749,257.16		89,912.89		0.00		0.00		839,170.05
			% Balance		0.05%		0.01%		0.00%		0.00%		0.05%
			# Loans		3		1		0		0		4
			% # Loans		0.04%		0.01%		0.00%		0.00%		0.05%









Page 12 of 26
Soundview Home Equity Loan Trust 2005-OPT3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT3

October 25, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				0.00		0.00		0.00		0.00
			% Balance				0.00%		0.00%		0.00%		0.00%
			# Loans				0		0		0		0
			% # Loans				0.00%		0.00%		0.00%		0.00%
	FORECLOSURE		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	BANKRUPTCY		Balance		195,966.31		0.00		0.00		0.00		195,966.31
			% Balance		0.03%		0.00%		0.00%		0.00%		0.03%
			# Loans		1		0		0		0		1
			% # Loans		0.02%		0.00%		0.00%		0.00%		0.02%
	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		195,966.31		0.00		0.00		0.00		195,966.31
			% Balance		0.03%		0.00%		0.00%		0.00%		0.03%
			# Loans		1		0		0		0		1
			% # Loans		0.02%		0.00%		0.00%		0.00%		0.02%










Page 13 of 26
Soundview Home Equity Loan Trust 2005-OPT3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT3

October 25, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				89,912.89		0.00		0.00		89,912.89
			% Balance				0.01%		0.00%		0.00%		0.01%
			# Loans				1		0		0		1
			% # Loans				0.03%		0.00%		0.00%		0.03%
	FORECLOSURE		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	BANKRUPTCY		Balance		553,290.85		0.00		0.00		0.00		553,290.85
			% Balance		0.07%		0.00%		0.00%		0.00%		0.07%
			# Loans		2		0		0		0		2
			% # Loans		0.07%		0.00%		0.00%		0.00%		0.07%
	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		553,290.85		89,912.89		0.00		0.00		643,203.74
			% Balance		0.07%		0.01%		0.00%		0.00%		0.08%
			# Loans		2		1		0		0		3
			% # Loans		0.07%		0.03%		0.00%		0.00%		0.10%









Page 14 of 26
Soundview Home Equity Loan Trust 2005-OPT3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT3

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




TOTAL


Page 15 of 26
Soundview Home Equity Loan Trust 2005-OPT3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT3

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




TOTAL


Page 16 of 26
Soundview Home Equity Loan Trust 2005-OPT3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT3

October 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS
VOLUNTARY PREPAYMENTS

											Group 2		Group 1		Total




Current


Number of Paid in Full Loans										11		7		18
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										11		7		18
Curtailments Amount										45,095.74		48,633.07		93,728.81
Paid in Full Balance										2,371,017.87		950,906.71		3,321,924.58
Repurchased Loans Balance										0.00		0.00		0.00
Total Prepayment Amount										2,416,113.61		999,539.78		3,415,653.39

Cumulative


Number of Paid in Full Loans										11		7		18
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										11		7		18
Paid in Full Balance										2,371,017.87		950,906.71		3,321,924.58
Repurchased Loans Balance										0.00		0.00		0.00
Curtailments Amount										45,095.74		48,633.07		93,728.81
Total Prepayment Amount										2,416,113.61		999,539.78		3,415,653.39










Page 17 of 26
Soundview Home Equity Loan Trust 2005-OPT3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT3

October 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES
VOLUNTARY PREPAYMENTS RATES

											Group 2		Group 1		Total



SMM										0.31%		0.13%		0.22%
3 Months Avg SMM										0.31%		0.13%		0.22%
12 Months Avg SMM										0.31%		0.13%		0.22%
Avg SMM Since Cut-off										0.31%		0.13%		0.22%


CPR										3.69%		1.54%		2.62%
3 Months Avg CPR										3.69%		1.54%		2.62%
12 Months Avg CPR										3.69%		1.54%		2.62%
Avg CPR Since Cut-off										3.69%		1.54%		2.62%


PSA										931.77%		465.38%		720.86%
3 Months Avg PSA Approximation										931.76%		465.37%		720.87%
12 Months Avg PSA Approximation										931.76%		465.37%		720.87%
Avg PSA Since Cut-off Approximation										931.76%		465.37%		720.87%










Page 18 of 26
Soundview Home Equity Loan Trust 2005-OPT3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT3

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 26
Soundview Home Equity Loan Trust 2005-OPT3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT3

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 Number			Original							Current		State &		Type Prepayment

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

31036379 2			250,000.00		250,000.00			30-Sep-2005		9.450%		CA - 77.75%		Paid Off - 360		15-Sep-2005
			250,000.00

41068217 2			169,200.00		168,771.12			30-Sep-2005		6.875%		IL - 58.81%		Paid Off - 360		01-Jul-2005
41068217 2					168,771.12			30-Sep-2005		6.875%		IL - 58.81%		Paid Off - 360		01-Jul-2005
81056235 1			136,000.00		135,786.84			30-Sep-2005		9.250%		VA - 79.87%		Paid Off - 360		01-Jul-2005
81056235 1					135,786.84			30-Sep-2005		9.250%		VA - 79.87%		Paid Off - 360		01-Jul-2005
121042566 2			245,600.00		245,600.00			30-Sep-2005		7.050%		WI - 80.00%		Paid Off - 360		01-Oct-2005
121042566 2					245,600.00			30-Sep-2005		7.050%		WI - 80.00%		Paid Off - 360		01-Oct-2005
151030017 2			56,000.00		56,000.00			30-Sep-2005		8.900%		PA - 76.71%		Paid Off - 360		01-Oct-2005
151030017 2					56,000.00			30-Sep-2005		8.900%		PA - 76.71%		Paid Off - 360		01-Oct-2005
161041518 2			261,000.00		260,135.03			30-Sep-2005		6.990%		MA - 75.40%		Paid Off - 360		01-Jun-2005
161041518 2					260,135.03			30-Sep-2005		6.990%		MA - 75.40%		Paid Off - 360		01-Jun-2005
211028737 2			452,000.00		451,647.39			30-Sep-2005		7.250%		NY - 79.94%		Paid Off - 360		01-Sep-2005
211028737 2					451,647.39			30-Sep-2005		7.250%		NY - 79.94%		Paid Off - 360		01-Sep-2005
231065373 2			300,000.00		299,486.99			30-Sep-2005		6.800%		NJ - 79.86%		Paid Off - 360		01-Aug-2005
231065373 2					299,486.99			30-Sep-2005		6.800%		NJ - 79.86%		Paid Off - 360		01-Aug-2005
231070597 1			130,000.00		129,937.39			30-Sep-2005		9.600%		PA - 77.81%		Paid Off - 360		01-Sep-2005
231070597 1					129,937.39			30-Sep-2005		9.600%		PA - 77.81%		Paid Off - 360		01-Sep-2005
371028112 1			130,000.00		129,882.48			30-Sep-2005		6.500%		FL - 78.24%		Paid Off - 360		01-Sep-2005
371028112 1					129,882.48			30-Sep-2005		6.500%		FL - 78.24%		Paid Off - 360		01-Sep-2005
371028653 1			136,900.00		136,900.00			30-Sep-2005		8.700%		FL - 89.97%		Paid Off - 360		01-Oct-2005
371028653 1					136,900.00			30-Sep-2005		8.700%		FL - 89.97%		Paid Off - 360		01-Oct-2005
521028659 1			80,000.00		80,000.00			30-Sep-2005		7.900%		OH - 69.57%		Paid Off - 360		01-Oct-2005
521028659 1					80,000.00			30-Sep-2005		7.900%		OH - 69.57%		Paid Off - 360		01-Oct-2005
621009092 2			192,000.00		191,789.03			30-Sep-2005		8.990%		FL - 79.91%		Paid Off - 360		01-Aug-2005
621009092 2					191,789.03			30-Sep-2005		8.990%		FL - 79.91%		Paid Off - 360		01-Aug-2005
621010476 2			67,500.00		67,500.00			30-Sep-2005		12.550%		FL - 85.02%		Paid Off - 360		01-Oct-2005
621010476 2					67,500.00			30-Sep-2005		12.550%		FL - 85.02%		Paid Off - 360		01-Oct-2005
661008277 2			180,000.00		179,626.78			30-Sep-2005		5.800%		CA - 44.57%		Paid Off - 360		01-Aug-2005
661008277 2					179,626.78			30-Sep-2005		5.800%		CA - 44.57%		Paid Off - 360		01-Aug-2005
711008250 1			240,000.00		240,000.00			30-Sep-2005		8.500%		MA - 80.00%		Paid Off - 360		01-Oct-2005
711008250 1					240,000.00			30-Sep-2005		8.500%		MA - 80.00%		Paid Off - 360		01-Oct-2005
831043549 2			200,800.00		200,461.53			30-Sep-2005		8.900%		FL - 79.87%		Paid Off - 360		01-Jul-2005
831043549 2					200,461.53			30-Sep-2005		8.900%		FL - 79.87%		Paid Off - 360		01-Jul-2005
841007353 1			98,400.00		98,400.00			30-Sep-2005		7.150%		MI - 80.00%		Paid Off - 360		01-Sep-2005
841007353 1					98,400.00			30-Sep-2005		7.150%		MI - 80.00%		Paid Off - 360		01-Sep-2005


TOTAL			3,325,400.00		3,321,924.58
TOTAL


Page 20 of 26
Soundview Home Equity Loan Trust 2005-OPT3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT3

October 25, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



											Group 2		Group 1		Total


Current
Current



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

Cumulative
Cumulative



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










Page 21 of 26
Soundview Home Equity Loan Trust 2005-OPT3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT3

October 25, 2005 Distribution


DEFAULT SPEEDS



											Group 2		Group 1		Total



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


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


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


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












Page 22 of 26
Soundview Home Equity Loan Trust 2005-OPT3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT3

October 25, 2005 Distribution





COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
	Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)



	Conditional Default Rate (CDR): 1-((1-MDR)^12)

	SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)0.02,MAX(0.03,MIN(30,WAS)0.02-0.0095*(WAS-60)))

	Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn)(1-MDRn+1)...*(1-MDRm)]^(1/months in period n,m)
	Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)

	Average SDA Approximation over period between the nth month and mth month:
	AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)0.02,MAX(0.03,MIN(30,Avg WASn,m)0.02-0.0095*(Avg WASn,m-60)))

	Average WASn,m: (WASn + WASn+1 +...+ WASm )/(number of months in the period n,m)
	Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)

	Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)

	Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.
	Dates correspond to distribution dates.




Page 23 of 26
Soundview Home Equity Loan Trust 2005-OPT3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT3

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

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




TOTAL



Page 24 of 26
Soundview Home Equity Loan Trust 2005-OPT3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT3

October 25, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
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								0.000000%
						Ending Balance								1,541,296,087.03
						Credit Enhancement Percentage (For Trigger)								17.2499%
						Credit Enhancement Percentage (For Step Down)
						Cumulative loss percentage								0.00000000%



ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION

SPACE INTENTIONALLY LEFT BLANK




Page 25 of 26
Soundview Home Equity Loan Trust 2005-OPT3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-OPT3

October 25, 2005 Distribution
Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

													NET WAC Shortfall CarryOver		NET WAC Shortfall Paid
CLASS

			A-1										$0.00		$0.00
													$0.00		$0.00
			A-2										$0.00		$0.00
													$0.00		$0.00
			A-3										$0.00		$0.00
													$0.00		$0.00
			A-4										$0.00		$0.00
													$0.00		$0.00
			A-5										$0.00		$0.00
													$0.00		$0.00
			M-1										$0.00		$0.00
													$0.00		$0.00
			M-2										$0.00		$0.00
													$0.00		$0.00
			M-3										$0.00		$0.00
													$0.00		$0.00
			M-4										$0.00		$0.00
													$0.00		$0.00
			M-5										$0.00		$0.00
													$0.00		$0.00
			M-6										$0.00		$0.00
													$0.00		$0.00
			M-7										$0.00		$0.00
													$0.00		$0.00
			M-8										$0.00		$0.00
													$0.00		$0.00
			M-9										$0.00		$0.00
													$0.00		$0.00
			M-10										$0.00		$0.00
													$0.00		$0.00
			M-11										$0.00		$0.00
													$0.00		$0.00
			M-12										$0.00		$0.00
													$0.00		$0.00






Page 26 of 26

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): September 27, 2005

Financial Asset Securities Corp.

(Exact name of registrant as specified in its charter)

Delaware	333-127352-01	06-1442101
(State or Other Jurisdiction of Incorporation)	(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 under the Exchange Act (17 CFR 240.14a-12)

[_] 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))

Section 2 - Completion of Acquisition or Disposition of Assets

Item 2.01 Completion of Acquisition or Disposition of Assets

Description of the Certificates and the Mortgage Pool

On September 30, 2005, a single series of certificates, entitled Soundview Home Loan Trust 2005-OPT3, Asset-Backed Certificates, Series 2005-OPT3 (the “Certificates”), were issued pursuant to a pooling and servicing agreement, dated as of September 1, 2005 (the “Agreement”), attached hereto as Exhibit 4.1, among Financial Asset Securities Corp. as depositor (the “Depositor”), Option One Mortgage Corporation as servicer (the “Servicer”) and Deutsche Bank National Trust Company as trustee (the “Trustee”). The Certificates consist of twenty-one classes of certificates (collectively, the “Certificates”), designated as the “Class A-1 Certificates”, “Class A-2 Certificates”, “Class A-3 Certificates”, “Class A-4 Certificates”, “Class A-5 Certificates”, “Class M-1 Certificates”, “Class M-2 Certificates”, “Class M-3 Certificates”, “Class M-4 Certificates”, “Class M-5 Certificates”, “Class M-6 Certificates”, “Class M-7 Certificates”, “Class M-8 Certificates”, “Class M-9 Certificates”, “Class M-10 Certificates”, Class M-11 Certificates”, “Class M-12 Certificates”, “Class C Certificates”, “Class P Certificates”, “Class R Certificates” and the “Class R-X Certificates”. The Certificates evidence in the aggregate the entire beneficial ownership interest in a trust fund (the “Trust Fund”), consisting of a pool of mortgage loans (the “Mortgage Pool'“) of conventional, one- to four- family, adjustable rate and fixed rate, first and second lien mortgage loans having original terms to maturity up to 30 years (the “Mortgage Loans”). The Mortgage Pool consists of Initial Mortgage Loans having an aggregate principal balance of $1,545,653,980.00 as of September 1, 2005 (the “Cut-off Date”). The Mortgage Loans were purchased pursuant to the Mortgage Loan Purchase Agreement, dated September 28, 2005 (the “Seller Sale Agreement”), among Option One Mortgage Corporation, Option One Owner Trust 2001-1A, Option One Owner Trust 2001-1B, Option One Owner Trust 2001-2, Option One Owner Trust 2002-3, Option One Owner Trust 2003-4, Option One Owner Trust 2003-5, Option One Owner Trust 2005-6 and Option One Owner Trust 2005-7 (collectively, the “Sellers”) and Financial Asset Securities Corp. (the “Purchaser”). The Class A-1 Certificates, the Class A-2 Certificates, the Class A-3 Certificates, the Class A-4 Certificates, the Class A-5 Certificates, the Class M-1 Certificates, the Class M-2 Certificates, the Class M-3 Certificates, the Class M-4 Certificates, the Class M-5 Certificates, the Class M-6 Certificates, the Class M-7 Certificates, the Class M-8 Certificates and the Class M-9 Certificates were sold by the Depositor to Greenwich Capital Markets, Inc., Countrywide Securities Corp. and Sandler O’Neill & Partners, L.P. (collectively, the “Underwriters”), pursuant to an Underwriting Agreement, dated September 28, 2005 (the “Underwriting Agreement”) between the Depositor and the Underwriters.

The Certificates have the following initial Certificate Balances and Pass-Through Rates:

Class	Initial Certificate Principal Balance or Notional Amount		Pass-Through Rate
Class A-1	$	639,502,000.00	Variable
Class A-2	$	284,080,000.00	Variable
Class A-3	$	129,900,000.00	Variable
Class A-4	$	164,130,000.00	Variable
Class A-5	$	61,418,000.00	Variable
Class M-1	$	65,690,000.00	Variable
Class M-2	$	38,641,000.00	Variable
Class M-3	$	27,049,000.00	Variable
Class M-4	$	18,548,000.00	Variable
Class M-5	$	18,548,000.00	Variable
Class M-6	$	17,002,000.00	Variable
Class M-7	$	17,002,000.00	Variable
Class M-8	$	17,002,000.00	Variable
Class M-9	$	11,592,000.00	Variable
Class M-10	$	10,820,000.00	Variable
Class M-11	$	7,728,000.00	Variable
Class M-12	$	3,864,000.00	Variable
C	$	13,137,880.00	Variable
P	$	100.00	N/A
R		100.00%	N/A
R-X		100.00%	N/A

The Certificates, other than the Class M-10 Certificates, Class M-11 Certificates, Class M-12 Certificates, Class C Certificates, the Class P Certificates, Class R Certificates and the Class R-X Certificates, and the Mortgage Loans are more particularly described in the Prospectus, dated September 26, 2005 and the Prospectus Supplement, dated September 28, 2005, as previously filed with the Securities and Exchange Commission pursuant to Rule 424(b). The Class M-10 Certificates, Class M-11 Certificates, Class M-12 Certificates, Class C Certificates, the Class P Certificates, Class R Certificates and the Class R-X Certificates have not been and will not be publicly offered by the Depositor. Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Prospectus Supplement.

Section 9 - Financial Statements and Exhibits

Item 9.01	Financial Statements and Exhibits
(a)	Not applicable
(b)	Not applicable
(c)	Exhibits

Exhibit No.	Description
4.1	Pooling and Servicing Agreement, dated as of September 1, 2005, by and among Financial Asset Securities Corp. as Depositor, Option One Mortgage Corporation as Servicer and Deutsche Bank National Trust Company as Trustee, relating to the Series 2005-OPT3 Certificates.

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 thereunto duly authorized.

Dated: October 13, 2005

FINANCIAL ASSET SECURITIES CORP. By: /s/ Frank Skibo Name: Frank Skibo Title: Managing Director

Index to Exhibits

Exhibit No.	Description	Sequentially Numbered Page
4.1	Pooling and Servicing Agreement, dated as of September 1, 2005, by and among Financial Asset Securities Corp. as Depositor, Option One Mortgage Corporation as Servicer and Deutsche Bank National Trust Company as Trustee, relating to the Series 2005-OPT3 Certificates.	7

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