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


                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-121661-03                          06-1442101
          (Commission File Number)        (I.R.S. Employer Identification No.)


               600 Steamboat Road
               Greenwich, Connecticut                    06830
          (Address of principal executive offices)     (Zip Code)


          Registrant's Telephone Number, Including Area Code:  (203) 625-2700


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

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):

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

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

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

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


     Item 8.01  Other Events

     Attached hereto is a copy of the Monthly Remittance Statements to the
     Certificateholders which was derived from the monthly information
     submitted by the Master Servicer of the Trust to the Trustee.


     Item 9.01 Financial Statements and Exhibits

     (c) Exhibits:

     Exhibit No. Description

     99.1 Monthly Remittance Statement to the Certificateholders dated as of
     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 Loan Trust 2005-1

Asset Backed Certificates

2005-1

October 25, 2005 Distribution

				External Parties						Table of Contents

													Page
				Seller
										1. Certificate Payment Report					2
				Greenwich Capital Markets
										2. Collection Account Report					6

										3. Credit Enhancement Report					8
										4. Collateral Report					9
				Certificate Insurer(s)						5. Delinquency Report					12

										6. REO Report					15

										7. Foreclosure Report					16
										8. Prepayment Report					18
										9. Prepayment Detail Report					21

										10. Realized Loss Report					25
										11. Realized Loss Detail Report					28
				Servicer(s)
										12. Triggers and Adj. Cert. Report					29
				Select Portfolio Servicing, LP
										13. Additional Certificate Report					30



				Underwriter(s)
				Greenwich Capital Markets


										Total Number of Pages					30


				Dates						Contacts

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

										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92514
				Distribution Date:			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 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

October 25, 2005 Distribution
Certificate Payment Report
Current Period Distribution - REMIC III
					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	SR	$	241,800,000.00		171,149,618.63		566,647.86		11,234,107.76		11,800,755.62		0.00		0.00		159,915,510.87

I-A2	SR	$	60,427,000.00		42,771,124.92		143,675.34		2,807,458.35		2,951,133.69		0.00		0.00		39,963,666.57
II-A1	SR	$	123,000,000.00		57,239,122.34		182,131.71		11,842,880.68		12,025,012.39		0.00		0.00		45,396,241.66
II-A2	SR	$	127,000,000.00		127,000,000.00		418,429.72		0.00		418,429.72		0.00		0.00		127,000,000.00
II-A3	SR	$	32,440,000.00		32,440,000.00		110,277.98		0.00		110,277.98		0.00		0.00		32,440,000.00
M-1	MEZ,FLT	$	38,900,000.00		38,900,000.00		134,745.28		0.00		134,745.28		0.00		0.00		38,900,000.00
M-2	MEZ,FLT	$	25,285,000.00		25,285,000.00		88,195.48		0.00		88,195.48		0.00		0.00		25,285,000.00
M-3	MEZ,FLT	$	22,562,000.00		22,562,000.00		79,242.76		0.00		79,242.76		0.00		0.00		22,562,000.00
M-4	MEZ,FLT	$	19,450,000.00		19,450,000.00		71,446.33		0.00		71,446.33		0.00		0.00		19,450,000.00
M-5	MEZ,FLT	$	12,059,000.00		12,059,000.00		44,782.44		0.00		44,782.44		0.00		0.00		12,059,000.00
M-6	MEZ,FLT	$	10,892,000.00		10,892,000.00		45,011.19		0.00		45,011.19		0.00		0.00		10,892,000.00
M-7	MEZ,FLT	$	10,892,000.00		10,892,000.00		45,888.60		0.00		45,888.60		0.00		0.00		10,892,000.00
M-8	MEZ,FLT	$	7,391,000.00		7,391,000.00		31,436.39		0.00		31,436.39		0.00		0.00		7,391,000.00
M-9	MEZ,FLT	$	7,780,000.00		7,780,000.00		37,164.63		0.00		37,164.63		0.00		0.00		7,780,000.00
B-1	SUB, FLT	$	11,670,000.00		11,670,000.00		66,557.90		0.00		66,557.90		0.00		0.00		11,670,000.00
B-2	SUB, FLT	$	8,947,000.00		8,947,000.00		51,027.71		0.00		51,027.71		0.00		0.00		8,947,000.00
B-3	SUB, FLT	$	7,780,000.00		7,780,000.00		44,371.94		0.00		44,371.94		0.00		0.00		7,780,000.00
C	EXE	$	9,725,362.02		9,725,005.78		1,374,425.60		0.00		1,374,425.60		0.00		0.00		9,725,005.78
P	R	$	100.00		100.00		514,868.43		0.00		514,868.43		0.00		0.00		100.00
R	R	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
R-X	R	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			778,000,462.02		623,932,971.67		4,050,327.29		25,884,446.79		29,934,774.08		0.00		0.00		598,048,524.88






Page 2 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

October 25, 2005 Distribution

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		83611MCG1		241,800,000.00		707.814800		2.343457		46.460330		48.803787	661.354470
I-A2	09/26/05		10/24/05		A-Act/360		83611MCH9		60,427,000.00		707.814800		2.377668		46.460330		48.837998	661.354470
II-A1	09/26/05		10/24/05		A-Act/360		83611MCJ5		123,000,000.00		465.358718		1.480746		96.283583		97.764328	369.075135
II-A2	09/26/05		10/24/05		A-Act/360		83611MCK2		127,000,000.00		1,000.000000		3.294722		0.000000		3.294722	1,000.000000
II-A3	09/26/05		10/24/05		A-Act/360		83611MCL0		32,440,000.00		1,000.000000		3.399445		0.000000		3.399445	1,000.000000
M-1	09/26/05		10/24/05		A-Act/360		83611MCM8		38,900,000.00		1,000.000000		3.463889		0.000000		3.463889	1,000.000000
M-2	09/26/05		10/24/05		A-Act/360		83611MCN6		25,285,000.00		1,000.000000		3.488055		0.000000		3.488055	1,000.000000
M-3	09/26/05		10/24/05		A-Act/360		83611MCP1		22,562,000.00		1,000.000000		3.512222		0.000000		3.512222	1,000.000000
M-4	09/26/05		10/24/05		A-Act/360		83611MCQ9		19,450,000.00		1,000.000000		3.673333		0.000000		3.673333	1,000.000000
M-5	09/26/05		10/24/05		A-Act/360		83611MCR7		12,059,000.00		1,000.000000		3.713611		0.000000		3.713611	1,000.000000
M-6	09/26/05		10/24/05		A-Act/360		83611MCS5		10,892,000.00		1,000.000000		4.132500		0.000000		4.132500	1,000.000000
M-7	09/26/05		10/24/05		A-Act/360		83611MCT3		10,892,000.00		1,000.000000		4.213055		0.000000		4.213055	1,000.000000
M-8	09/26/05		10/24/05		A-Act/360		83611MCU0		7,391,000.00		1,000.000000		4.253334		0.000000		4.253334	1,000.000000
M-9	09/26/05		10/24/05		A-Act/360		83611MCV8		7,780,000.00		1,000.000000		4.776945		0.000000		4.776945	1,000.000000
B-1	09/26/05		10/24/05		A-Act/360		83611MCW6		11,670,000.00		1,000.000000		5.703333		0.000000		5.703333	1,000.000000
B-2	09/26/05		10/24/05		A-Act/360		83611MCX4		8,947,000.00		1,000.000000		5.703332		0.000000		5.703332	1,000.000000
B-3	09/26/05		10/24/05		A-Act/360		83611MCY2		7,780,000.00		1,000.000000		5.703334		0.000000		5.703334	1,000.000000
C	09/25/05		10/24/05		GC05S1101		9,725,362.02		999.963370		141.323850		0.000000		141.323850		999.963370
P	09/25/05		10/24/05		GC05S1102		100.00		1,000.000000		5,148,684.300000		0.000000		5,148,684.300000		1,000.000000
R	09/25/05		10/24/05		GC05S1103		0.00		0.000000		0.000000		0.000000		0.000000		0.000000
R-X	09/25/05		10/24/05		GC05S1104		0.00		0.000000		0.000000		0.000000		0.000000		0.000000




Page 3 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

October 25, 2005 Distribution

Distribution to Date - REMIC III
																	Current


	Original				Unscheduled		Scheduled		Total		Total		Realized		Deferred		Principal

Class	Face Value		Interest		Principal		Principal		Principal		Distribution		Loss		Interest		Balance
	(1)		(2)		(3)		(4)		(5)=(3)+(4)		(6)=(2)+(5)		(7)		(8)		(9)=(1)-(5)-(7)+(8)
I-A1	241,800,000.00		4,858,149.13		80,344,359.47		1,540,129.66		81,884,489.13		86,742,638.26		0.00		0.00		159,915,510.87
I-A2	60,427,000.00		1,234,982.93		20,078,447.51		384,885.92		20,463,333.43		21,698,316.36		0.00		0.00		39,963,666.57
II-A1	123,000,000.00		2,068,301.39		76,205,410.96		1,398,347.38		77,603,758.34		79,672,059.73		0.00		0.00		45,396,241.66
II-A2	127,000,000.00		2,954,382.08		0.00		0.00		0.00		2,954,382.08		0.00		0.00		127,000,000.00
II-A3	32,440,000.00		782,644.41		0.00		0.00		0.00		782,644.41		0.00		0.00		32,440,000.00
M-1	38,900,000.00		959,158.00		0.00		0.00		0.00		959,158.00		0.00		0.00		38,900,000.00
M-2	25,285,000.00		628,488.61		0.00		0.00		0.00		628,488.61		0.00		0.00		25,285,000.00
M-3	22,562,000.00		565,298.83		0.00		0.00		0.00		565,298.83		0.00		0.00		22,562,000.00
M-4	19,450,000.00		513,151.86		0.00		0.00		0.00		513,151.86		0.00		0.00		19,450,000.00
M-5	12,059,000.00		322,157.06		0.00		0.00		0.00		322,157.06		0.00		0.00		12,059,000.00
M-6	10,892,000.00		328,582.18		0.00		0.00		0.00		328,582.18		0.00		0.00		10,892,000.00
M-7	10,892,000.00		335,813.26		0.00		0.00		0.00		335,813.26		0.00		0.00		10,892,000.00
M-8	7,391,000.00		230,326.69		0.00		0.00		0.00		230,326.69		0.00		0.00		7,391,000.00
M-9	7,780,000.00		276,022.00		0.00		0.00		0.00		276,022.00		0.00		0.00		7,780,000.00
B-1	11,670,000.00		503,130.22		0.00		0.00		0.00		503,130.22		0.00		0.00		11,670,000.00
B-2	8,947,000.00		385,733.16		0.00		0.00		0.00		385,733.16		0.00		0.00		8,947,000.00
B-3	7,780,000.00		335,420.15		0.00		0.00		0.00		335,420.15		0.00		0.00		7,780,000.00
C	9,725,362.02		13,325,736.27		331.81		24.43		356.24		13,326,092.51		0.00		0.00		9,725,005.78
P	100.00		3,401,340.28		0.00		0.00		0.00		3,401,340.28		0.00		0.00		100.00
R	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
R-X	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total	778,000,462.02		34,008,818.51		176,628,549.75		3,323,387.39		179,951,937.14		213,960,755.65		0.00		0.00		598,048,524.88



Page 4 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

October 25, 2005 Distribution

Interest Detail - REMIC III
	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	4.11000%		171,149,618.63		566,647.86		0.00		0.00		0.00		566,647.86		566,647.86		0.00
I-A2	4.17000%		42,771,124.92		143,675.34		0.00		0.00		0.00		143,675.34		143,675.34		0.00
II-A1	3.95000%		57,239,122.34		182,131.71		0.00		0.00		0.00		182,131.71		182,131.71		0.00
II-A2	4.09000%		127,000,000.00		418,429.72		0.00		0.00		0.00		418,429.72		418,429.72		0.00
II-A3	4.22000%		32,440,000.00		110,277.98		0.00		0.00		0.00		110,277.98		110,277.98		0.00
M-1	4.30000%		38,900,000.00		134,745.28		0.00		0.00		0.00		134,745.28		134,745.28		0.00
M-2	4.33000%		25,285,000.00		88,195.48		0.00		0.00		0.00		88,195.48		88,195.48		0.00
M-3	4.36000%		22,562,000.00		79,242.76		0.00		0.00		0.00		79,242.76		79,242.76		0.00
M-4	4.56000%		19,450,000.00		71,446.33		0.00		0.00		0.00		71,446.33		71,446.33		0.00
M-5	4.61000%		12,059,000.00		44,782.44		0.00		0.00		0.00		44,782.44		44,782.44		0.00
M-6	5.13000%		10,892,000.00		45,011.19		0.00		0.00		0.00		45,011.19		45,011.19		0.00
M-7	5.23000%		10,892,000.00		45,888.60		0.00		0.00		0.00		45,888.60		45,888.60		0.00
M-8	5.28000%		7,391,000.00		31,436.39		0.00		0.00		0.00		31,436.39		31,436.39		0.00
M-9	5.93000%		7,780,000.00		37,164.63		0.00		0.00		0.00		37,164.63		37,164.63		0.00
B-1	7.03416%		11,670,000.00		66,126.98		0.00		0.00		0.00		66,126.98		66,557.90		0.00
B-2	7.03416%		8,947,000.00		50,697.35		0.00		0.00		0.00		50,697.35		51,027.71		0.00
B-3	7.03416%		7,780,000.00		44,084.66		0.00		0.00		0.00		44,084.66		44,371.94		0.00
C	169.59483%		9,725,005.78		1,374,425.60		0.00		0.00		0.00		1,374,425.60		1,374,425.60		0.00
P	0.00000%		100.00		0.00		0.00		0.00		0.00		0.00		514,868.43		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			623,932,971.67		3,534,410.30		0.00		0.00		0.00		3,534,410.30		#######		0.00



Page 5 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

October 25, 2005 Distribution
Collection Account Report
SUMMARY

										Group 2		Group 1		Total
Principal Collections										11,842,880.68		14,041,566.11		25,884,446.79
Principal Withrawals										0.00		0.00		0.00
Principal Other Accounts										0.00		0.00		0.00
TOTAL NET PRINCIPAL										11,842,880.68		14,041,566.11		25,884,446.79
Interest Collections										1,764,991.39		1,808,792.25		3,573,783.64
Interest Withdrawals										-0.00		-0.00		-0.00
Interest Other Accounts										0.00		0.00		514,868.43
Interest Fees										-19,209.56		-20,437.42		-38,324.77
TOTAL NET INTEREST										1,745,781.83		1,788,354.83		4,050,327.30
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION										13,588,662.51		15,829,920.94		29,934,774.09



PRINCIPAL - COLLECTIONS

											Group 2		Group 1		Total
Scheduled Principal Received											151,465.98		235,201.40		386,667.38
Curtailments											197,016.11		17,572.75		214,588.86
Prepayments In Full											11,494,398.59		13,788,791.96		25,283,190.55
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											-136,253.48		-211,231.83		-347,485.31
Realized Losses											-0.00		-0.00		-0.00
Advanced Principal											136,253.48		211,231.83		347,485.31
TOTAL PRINCIPAL COLLECTED											11,842,880.68		14,041,566.11		25,884,446.79


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 6 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

October 25, 2005 Distribution

INTEREST - COLLECTIONS

										Group 2		Group 1		Total
Scheduled Interest										1,880,926.47		1,922,017.70		3,802,944.17
Repurchased/Substitution Interest										0.00		0.00		0.00
Liquidation Interest										0.00		0.00		0.00
Other Additional Interest										(4,158.35)		(926.03)		(5,084.38)
Prepayment Interest Shortfalls										-8,193.28		-7,954.75		-16,148.03
Delinquent Interest										-1,628,713.58		-1,653,906.88		-3,282,620.46
Compensating Interest										8,193.28		7,954.75		16,148.02
Civil Relief Act Shortfalls										-0.00		-0.00		-0.00
Interest Advanced										1,516,936.86		1,541,607.45		3,058,544.31
TOTAL INTEREST COLLECTED										1,764,991.39		1,808,792.25		3,573,783.64


INTEREST - WITHDRAWALS

										Group 2		Group 1		Total
Interest Realized Loss										0.00		0.00		0.00



INTEREST - OTHER ACCOUNTS

										Group 2		Group 1		Total
Prepayment Charges														514,868.43
TOTAL INTEREST OTHER ACCOUNTS										0.00		0.00		514,868.43



INTEREST - FEES

										Group 2		Group 1		Total
Current Servicing Fees										17,369.26		18,526.67		35,895.93
Trustee Fees										774.88		784.96		1,559.84
Current Custodian Fees										431.69		437.31		869.00
TOTAL INTEREST FEES										19,209.56		20,437.42		38,324.77
Current Custodian Fees Rate														0.00167133%




Page 7 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

October 25, 2005 Distribution
Credit Enhancement Report

ACCOUNTS


Net WAC Rate Carryover Reserve Account

Begining Balance						0.00
Amount Deposited						1,048.56
Amount Withdrawn						1,048.56
Ending Balance						0.00




INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES

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



Page 8 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

October 25, 2005 Distribution
Collateral Report


COLLATERAL



											Group 2		Group 1		Total



Loan Count:


Original										1,574		1,592		3,166
Prior										2,056		2,015		4,071
Prefunding										0		0		0
Scheduled Paid Offs										-0		-0		-0
Full Voluntary Prepayments										-60		-76		-136
Repurchases										-0		-0		-0
Liquidations										-0		-0		-0
Current										1,996		1,939		3,935
Principal Balance:


Original										238,490,029.61		272,231,107.09		510,721,136.70
Prior										309,950,346.62		313,982,625.05		623,932,971.67
Prefunding										0.00		0.00		0.00
Scheduled Principal										-151,465.98		-235,201.40		-386,667.38
Partial Prepayments										-197,016.11		-17,572.75		-214,588.86
Full Voluntary Prepayments										-11,494,398.59		-13,788,791.96		-25,283,190.55
Repurchases										-0.00		-0.00		-0.00
Liquidations										-0.00		-0.00		-0.00
Current										298,107,465.94		299,941,058.94		598,048,524.88





PREFUNDING

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





Page 9 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

October 25, 2005 Distribution

CHARACTERISTICS

										Group 2		Group 1		Total
Weighted Average Coupon Original										7.31388%		7.36285%		7.33998%
Weighted Average Coupon Prior										7.29101%		7.34256%		7.31718%
Weighted Average Coupon Current										7.28217%		7.34570%		7.31414%
Weighted Average Months to Maturity Original										341		352		347
Weighted Average Months to Maturity Prior										331		344		337
Weighted Average Months to Maturity Current										330		342		336
Weighted Avg Remaining Amortization Term Original										341		352		347
Weighted Avg Remaining Amortization Term Prior										331		344		337
Weighted Avg Remaining Amortization Term Current										330		342		336
Weighted Average Seasoning Original										4.63		5.10		4.88
Weighted Average Seasoning Prior										9.39		9.76		9.57
Weighted Average Seasoning Current										10.39		10.76		10.58









Page 10 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

October 25, 2005 Distribution

ARM CHARACTERISTICS

										Group 2		Group 1		Total
Weighted Average Margin Original										5.79759%		5.92838%		5.86993%
Weighted Average Margin Prior										5.87129%		5.97283%		5.92464%
Weighted Average Margin Current										5.85801%		5.96962%		5.91613%
Weighted Average Max Rate Original										13.39514%		13.87611%		13.66117%
Weighted Average Max Rate Prior										13.41609%		13.60663%		13.51620%
Weighted Average Max Rate Current										13.40737%		13.60907%		13.51239%
Weighted Average Min Rate Original										6.50114%		7.34830%		6.96972%
Weighted Average Min Rate Prior										6.54788%		7.25677%		6.92033%
Weighted Average Min Rate Current										6.53349%		7.25875%		6.91113%
Weighted Average Cap Up Original										1.14437%		1.24939%		1.20246%
Weighted Average Cap Up Prior										1.08792%		1.16428%		1.12804%
Weighted Average Cap Up Current										1.08730%		1.16387%		1.12717%
Weighted Average Cap Down Original										1.14437%		1.24939%		1.20246%
Weighted Average Cap Down Prior										1.08792%		1.16428%		1.12804%
Weighted Average Cap Down Current										1.08730%		1.16387%		1.12717%




SERVICING FEES & ADVANCES

											Group 2		Group 1		Total




Current Servicing Fees										17,369.26		18,526.67		35,895.93
Delinquent Servicing Fees										111,776.73		112,299.43		224,076.16
TOTAL SERVICING FEES										129,145.98		130,826.10		259,972.08


Total Servicing Fees										129,145.98		130,826.10		259,972.08
Compensating Interest										-8,193.28		-7,954.75		-16,148.02
Delinquent Servicing Fees										-111,776.73		-112,299.43		-224,076.16
COLLECTED SERVICING FEES										9,175.98		10,571.93		19,747.91


Total Advaced Interest										1,516,936.86		1,541,607.45		3,058,544.31
Total Advaced Principal										136,253.48		211,231.83		347,485.31
Aggregate Advances with respect to this Distribution										382,351.70		236,311.88		618,663.58





ADDITIONAL COLLATERAL INFORMATION
										Group 2		Group 1		Total
Prepayment Interest Shortfall (PPIS)										8,193.28		7,954.75		16,148.03
Compensating Interest										-8,193.28		-7,954.75		-16,148.02
Net Prepayment Interest Shortfall (PPIS)										0.00		0.00		0.00

Weighted Average Net Mortgage Rate														7.789928%

Libor For Current Period														3.830000%

Libor For Next Period														0.000000%



Page 11 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

October 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				20,574,952.49		9,040,282.35		11,991,325.64		41,606,560.48
			% Balance				3.44%		1.51%		2.01%		6.96%
			# Loans				150		69		71		290
			% # Loans				3.81%		1.75%		1.80%		7.37%
	FORECLOSURE		Balance		0.00		173,463.93		113,924.96		15,343,425.48		15,630,814.37
			% Balance		0.00%		0.03%		0.02%		2.57%		2.61%
			# Loans		0		1		1		88		90
			% # Loans		0.00%		0.03%		0.03%		2.24%		2.29%
	BANKRUPTCY		Balance		2,694,535.53		514,313.17		332,626.68		1,643,512.55		5,184,987.93
			% Balance		0.45%		0.09%		0.06%		0.27%		0.87%
			# Loans		20		6		4		14		44
			% # Loans		0.51%		0.15%		0.10%		0.36%		1.12%
	REO		Balance		0.00		0.00		0.00		540,597.37		540,597.37
			% Balance		0.00%		0.00%		0.00%		0.09%		0.09%
			# Loans		0		0		0		4		4
			% # Loans		0.00%		0.00%		0.00%		0.10%		0.10%
	TOTAL		Balance		2,694,535.53		21,262,729.59		9,486,833.99		29,518,861.04		62,962,960.15
			% Balance		0.45%		3.56%		1.59%		4.94%		10.53%
			# Loans		20		157		74		177		428
			% # Loans		0.51%		3.99%		1.88%		4.50%		10.88%









Page 12 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

October 25, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				12,416,512.17		6,091,563.71		4,601,035.73		23,109,111.61
			% Balance				4.14%		2.03%		1.53%		7.70%
			# Loans				82		43		29		154
			% # Loans				4.23%		2.22%		1.50%		7.94%
	FORECLOSURE		Balance		0.00		173,463.93		113,924.96		9,380,287.28		9,667,676.17
			% Balance		0.00%		0.06%		0.04%		3.13%		3.22%
			# Loans		0		1		1		55		57
			% # Loans		0.00%		0.05%		0.05%		2.84%		2.94%
	BANKRUPTCY		Balance		1,243,269.86		346,302.98		332,626.68		1,102,595.66		3,024,795.18
			% Balance		0.41%		0.12%		0.11%		0.37%		1.01%
			# Loans		9		3		4		10		26
			% # Loans		0.46%		0.15%		0.21%		0.52%		1.34%
	REO		Balance		0.00		0.00		0.00		292,404.19		292,404.19
			% Balance		0.00%		0.00%		0.00%		0.10%		0.10%
			# Loans		0		0		0		1		1
			% # Loans		0.00%		0.00%		0.00%		0.05%		0.05%
	TOTAL		Balance		1,243,269.86		12,936,279.08		6,538,115.35		15,376,322.86		36,093,987.15
			% Balance		0.41%		4.31%		2.18%		5.13%		12.03%
			# Loans		9		86		48		95		238
			% # Loans		0.46%		4.44%		2.48%		4.90%		12.27%










Page 13 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

October 25, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				8,158,440.32		2,948,718.64		7,390,289.91		18,497,448.87
			% Balance				2.74%		0.99%		2.48%		6.20%
			# Loans				68		26		42		136
			% # Loans				3.41%		1.30%		2.10%		6.81%
	FORECLOSURE		Balance		0.00		0.00		0.00		5,963,138.20		5,963,138.20
			% Balance		0.00%		0.00%		0.00%		2.00%		2.00%
			# Loans		0		0		0		33		33
			% # Loans		0.00%		0.00%		0.00%		1.65%		1.65%
	BANKRUPTCY		Balance		1,451,265.67		168,010.19		0.00		540,916.89		2,160,192.75
			% Balance		0.49%		0.06%		0.00%		0.18%		0.72%
			# Loans		11		3		0		4		18
			% # Loans		0.55%		0.15%		0.00%		0.20%		0.90%
	REO		Balance		0.00		0.00		0.00		248,193.18		248,193.18
			% Balance		0.00%		0.00%		0.00%		0.08%		0.08%
			# Loans		0		0		0		3		3
			% # Loans		0.00%		0.00%		0.00%		0.15%		0.15%
	TOTAL		Balance		1,451,265.67		8,326,450.51		2,948,718.64		14,142,538.18		26,868,973.00
			% Balance		0.49%		2.79%		0.99%		4.74%		9.01%
			# Loans		11		71		26		82		190
			% # Loans		0.55%		3.56%		1.30%		4.11%		9.52%









Page 14 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

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
64371792 1
			294,500.00		292,404.19		01-Feb-2005		8.350%		GA - 95.00%		360		01-Dec-2004

11052483 2			98,400.00		97,980.16		01-Feb-2005		11.250%		TX - 100.00%		180		01-Nov-2004
61500856 2			112,500.00		111,426.70		01-Feb-2005		7.750%		GA - 90.00%		360		01-Oct-2004
9500641841 2			39,000.00		38,786.32		01-Apr-2005		9.150%		MO - 75.00%		360		01-Jan-2005


TOTAL			544,400.00		540,597.37


Page 15 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

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
57852832 1
			58,500.00		57,748.29		01-Apr-2005		7.350%		MI - 90.00%		360		01-Jul-2004

60116092 1			132,000.00		130,803.47		01-Feb-2005		8.400%		IN - 80.00%		360		01-Sep-2004
60922614 1			166,500.00		164,831.89		01-Mar-2005		7.500%		CO - 90.00%		360		01-Oct-2004
61353496 1			118,000.00		117,203.82		01-Feb-2005		9.850%		TX - 100.00%		360		01-Sep-2004
61414538 1			77,400.00		76,813.13		01-Feb-2005		8.900%		OH - 90.00%		360		01-Oct-2004
61427456 1			72,900.00		72,197.72		01-Feb-2005		7.700%		OH - 90.00%		360		01-Oct-2004
61823092 1			72,200.00		71,629.89		01-Apr-2005		8.700%		OH - 95.00%		360		01-Oct-2004
61919791 1			113,000.00		111,818.47		01-Mar-2005		6.850%		CT - 86.92%		360		01-Nov-2004
61965398 1			300,000.00		297,725.36		01-Apr-2005		8.900%		NY - 79.16%		360		01-Oct-2004
62063334 1			207,000.00		205,312.49		01-Apr-2005		8.150%		GA - 90.00%		360		01-Nov-2004
62082417 1			287,200.00		284,654.24		01-Mar-2005		7.700%		NJ - 80.00%		360		01-Nov-2004
62156294 1			356,250.00		353,216.34		01-Feb-2005		6.000%		NY - 95.00%		360		01-Nov-2004
62255195 1			256,500.00		254,800.32		01-May-2005		9.150%		GA - 90.00%		360		01-Nov-2004
62354337 1			106,650.00		105,928.70		01-May-2005		9.050%		UT - 90.00%		360		01-Nov-2004
62383872 1			152,000.00		150,605.64		01-May-2005		7.525%		AR - 95.00%		360		01-Nov-2004
62438775 1			114,750.00		113,924.96		01-Jun-2005		8.300%		NV - 85.00%		360		01-Dec-2004
62452156 1			71,100.00		70,656.97		01-Feb-2005		9.450%		FL - 90.00%		360		01-Nov-2004
62565916 1			50,400.00		50,007.63		01-Feb-2005		7.900%		IL - 90.00%		360		01-Dec-2004
62593710 1			450,000.00		446,089.11		01-Jan-2005		7.800%		NY - 90.00%		360		01-Nov-2004
62922711 1			139,500.00		138,060.91		01-Mar-2005		6.450%		SC - 90.00%		360		01-Dec-2004
63112635 1			316,350.00		313,958.48		01-Feb-2005		8.500%		IL - 95.00%		360		01-Nov-2004
63276638 1			87,000.00		86,051.39		01-Mar-2005		7.400%		AZ - 72.50%		360		01-Nov-2004
63694913 1			264,000.00		260,906.38		01-Apr-2005		6.250%		CA - 80.00%		360		01-Nov-2004
63711113 1			144,000.00		142,903.93		01-May-2005		8.300%		MN - 90.00%		360		01-Dec-2004
63738991 1			106,250.00		105,664.06		01-Feb-2005		9.600%		MI - 85.00%		360		01-Dec-2004
63860357 1			166,250.00		164,901.90		01-Jan-2005		8.150%		FL - 95.00%		360		01-Nov-2004
63948194 1			130,150.00		129,378.43		01-Mar-2005		9.250%		IL - 95.00%		360		01-Dec-2004
64275076 1			99,000.00		97,959.16		01-Feb-2005		6.350%		KY - 86.84%		360		01-Dec-2004
64395676 1			333,000.00		330,355.81		01-Feb-2005		7.800%		MN - 90.00%		360		01-Dec-2004
64699879 1			53,105.00		52,799.74		01-Feb-2005		9.400%		PA - 95.00%		360		01-Dec-2004
92382241 1			243,750.00		242,102.07		01-Mar-2005		9.450%		CA - 73.86%		360		01-Nov-2004
94425840 1			120,000.00		119,428.20		01-Apr-2005		10.300%		MI - 80.00%		360		01-Dec-2004
406235024 1			296,000.00		295,888.44		01-May-2005		6.990%		MD - 80.00%		360		01-Sep-2004
407271382 1			196,000.00		194,189.65		01-Feb-2005		7.490%		NY - 80.00%		360		01-Nov-2004
408175500 1			72,250.00		71,583.88		01-Feb-2005		7.500%		OK - 85.00%		360		01-Nov-2004
408242730 1			279,000.00		276,299.60		01-Mar-2005		7.250%		IL - 90.00%		360		01-Nov-2004
408254435 1			148,000.00		146,635.65		01-Feb-2005		7.500%		TX - 80.00%		360		01-Nov-2004
408254666 1			78,000.00		77,493.62		01-Feb-2005		9.250%		TX - 65.00%		360		01-Nov-2004
408254739 1			113,050.00		112,057.69		01-Apr-2005		7.750%		IL - 85.00%		360		01-Nov-2004
408266980 1			300,000.00		297,786.17		01-Dec-2004		8.620%		NY - 60.00%		360		01-Nov-2004
408277880 1			340,000.00		336,539.53		01-Feb-2005		6.990%		NY - 80.00%		360		01-Nov-2004
409011799 1			327,250.00		324,498.41		01-Jan-2005		7.990%		OH - 85.00%		360		01-Nov-2004
409035270 1			106,250.00		105,362.13		01-Apr-2005		7.999%		KY - 85.00%		360		01-Nov-2004
409089287 1			175,000.00		173,463.93		01-Jul-2005		7.750%		MA - 43.75%		360		01-Nov-2004
409089772 1			122,400.00		121,226.10		01-May-2005		7.375%		KY - 80.00%		360		01-Nov-2004
409090965 1			208,000.00		206,258.86		01-Feb-2005		7.990%		NH - 80.00%		360		01-Nov-2004
409169662 1			148,000.00		146,986.77		01-Feb-2005		8.990%		RI - 80.00%		360		01-Nov-2004
409169722 1			358,700.00		355,542.60		01-May-2005		7.750%		NJ - 85.00%		360		01-Nov-2004
409203075 1			172,000.00		170,414.43		01-Mar-2005		7.500%		IL - 80.00%		360		01-Nov-2004


Page 16 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

October 25, 2005 Distribution

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
1000393950 1
			50,001.00		49,826.25		01-May-2005		10.200%		TX - 45.46%		360		01-Mar-2005

1000402883 1			44,000.00		43,853.12		01-Mar-2005		10.420%		TX - 80.00%		360		01-Mar-2005
1000412031 1			92,000.00		91,351.18		01-May-2005		6.730%		TX - 80.00%		360		01-Mar-2005
1000425439 1			122,000.00		121,295.33		01-Apr-2005		7.750%		IL - 79.74%		360		01-Mar-2005
1000435586 1			289,600.00		287,424.22		01-Mar-2005		6.400%		CA - 80.00%		360		01-Mar-2005
1000438017 1			159,200.00		158,359.60		01-Apr-2005		8.200%		IL - 64.98%		360		01-Mar-2005
1000447893 1			126,400.00		125,602.07		01-May-2005		7.300%		IL - 80.00%		360		01-Mar-2005
1000451191 1			57,600.00		57,298.04		01-Mar-2005		7.550%		IL - 80.00%		360		01-Apr-2005
11041123 2			528,000.00		528,000.00		01-May-2005		5.875%		CA - 80.00%		360		01-Dec-2004
11056138 2			83,600.00		83,279.68		01-Feb-2005		11.750%		NJ - 100.00%		180		01-Nov-2004
11060616 2			150,000.00		149,306.55		01-May-2005		10.875%		CA - 100.00%		180		01-Nov-2004
59504373 2			51,000.00		50,775.03		01-Apr-2005		12.200%		CA - 100.00%		360		01-Aug-2004
61451159 2			182,000.00		181,135.96		01-Mar-2005		10.750%		MA - 70.00%		360		01-Nov-2004
61461695 2			89,675.00		88,840.14		01-Mar-2005		7.450%		AL - 85.00%		360		01-Nov-2004
61495776 2			722,500.00		716,282.50		01-Apr-2005		7.850%		NY - 85.00%		360		01-Nov-2004
62539754 2			484,500.00		481,270.66		01-Feb-2005		8.675%		IL - 95.00%		360		01-Dec-2004
63447312 2			437,000.00		434,835.71		01-Feb-2005		10.550%		AZ - 95.00%		360		01-Nov-2004
64115033 2			104,500.00		103,534.45		01-Feb-2005		7.500%		MI - 95.00%		360		01-Nov-2004
405288260 2			52,000.00		51,753.02		01-May-2005		10.750%		NY - 80.00%		360		01-Nov-2004
408186066 2			100,000.00		98,842.59		01-Feb-2005		6.350%		ME - 60.24%		360		01-Nov-2004
409024269 2			119,200.00		119,199.92		01-Jan-2005		6.999%		UT - 80.00%		360		01-Nov-2004
409202494 2			234,500.00		232,102.92		01-May-2005		6.990%		AZ - 70.00%		360		01-Nov-2004
1000388224 2			382,500.00		380,155.68		01-May-2005		7.450%		MN - 85.00%		360		01-Mar-2005
1000413155 2			323,000.00		323,000.00		01-Mar-2005		7.650%		CA - 85.00%		360		01-Mar-2005
1000419960 2			266,320.00		266,320.00		01-Mar-2005		6.750%		CA - 80.00%		360		01-Mar-2005
9500579223 2			28,794.28		28,551.59		01-May-2005		8.375%		OK - 55.37%		360		01-Oct-2004
9500604005 2			92,700.00		92,029.58		01-Mar-2005		8.720%		OH - 90.00%		360		01-Nov-2004
9500610796 2			31,200.00		30,989.58		01-Apr-2005		9.140%		PA - 80.00%		360		01-Nov-2004
9500613154 2			122,000.00		120,748.68		01-May-2005		6.950%		OH - 100.00%		360		01-Nov-2004
9500617213 2			50,350.00		49,887.05		01-May-2005		7.050%		KS - 95.00%		360		01-Dec-2004
9500617338 2			40,875.00		40,520.40		01-Feb-2005		7.350%		OK - 75.00%		360		01-Dec-2004
9500618948 2			100,800.00		100,089.86		01-May-2005		8.400%		OH - 90.00%		360		01-Dec-2004
9500621280 2			499,950.00		496,301.96		01-Feb-2005		8.225%		FL - 87.71%		360		01-Dec-2004
9500623070 2			152,000.00		150,874.09		01-May-2005		8.150%		IL - 73.43%		360		01-Dec-2004
9500623732 2			74,900.00		74,397.28		01-Feb-2005		8.640%		SC - 70.00%		360		01-Dec-2004
9500624284 2			46,000.00		45,197.54		01-Feb-2005		7.850%		OH - 82.14%		360		01-Dec-2004
9500630109 2			115,600.00		114,726.53		01-Apr-2005		8.050%		OH - 85.00%		360		01-Dec-2004
9500635330 2			94,500.00		93,833.44		01-May-2005		7.900%		NC - 90.00%		360		01-Jan-2005
9500635579 2			113,050.00		111,998.63		01-Apr-2005		7.000%		TX - 85.00%		360		01-Dec-2004
9500638474 2			48,000.00		47,596.01		01-May-2005		7.000%		IN - 80.00%		360		01-Jan-2005
9500639746 2			77,400.00		76,761.17		01-Apr-2005		7.100%		NC - 90.00%		360		01-Jan-2005


TOTAL			15,743,820.28		15,630,814.37


Page 17 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

October 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS


											Group 2		Group 1		Total




Current


Number of Paid in Full Loans										60		76		136
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										60		76		136
Curtailments Amount										197,016.11		17,572.75		214,588.86
Paid in Full Balance										11,494,398.59		13,788,791.96		25,283,190.55
Repurchased Loans Balance										0.00		0.00		0.00
Total Prepayment Amount										11,691,414.70		13,806,364.71		25,497,779.41

Cumulative


Number of Paid in Full Loans										386		518		904
Number of Repurchased Loans										4		6		10
Total Number of Loans Prepaid in Full										390		524		914
Paid in Full Balance										74,544,335.16		98,039,184.70		172,583,519.86
Repurchased Loans Balance										1,107,524.81		1,136,717.28		2,244,242.09
Curtailments Amount										416,296.00		494,203.10		910,499.10
Total Prepayment Amount										76,068,155.97		99,670,105.08		175,738,261.05










Page 18 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

October 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES


											Group 2		Group 1		Total



SMM										3.77%		4.40%		4.09%
3 Months Avg SMM										3.56%		4.67%		4.13%
12 Months Avg SMM										2.83%		3.57%		3.21%
Avg SMM Since Cut-off										2.83%		3.57%		3.21%


CPR										36.97%		41.73%		39.41%
3 Months Avg CPR										35.30%		43.68%		39.68%
12 Months Avg CPR										29.16%		35.39%		32.41%
Avg CPR Since Cut-off										29.16%		35.39%		32.41%


PSA										1,778.96%		1,939.17%		1,863.09%
3 Months Avg PSA Approximation										1,880.14%		2,236.70%		2,071.74%
12 Months Avg PSA Approximation										2,070.78%		2,375.26%		2,235.63%
Avg PSA Since Cut-off Approximation										2,070.78%		2,375.26%		2,235.62%










Page 19 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

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 20 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

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

11026229 2			81,200.00		80,824.61			14-Oct-2005		10.875%		CA - 100.00%		Paid Off - 180		01-Oct-2004


11028380 2			50,998.00		50,713.90			07-Oct-2005		9.990%		CA - 100.00%		Paid Off - 180		01-Oct-2004

11030447 1			140,000.00		140,000.00			26-Sep-2005		5.625%		CA - 80.00%		Paid Off - 360		01-Oct-2004

11039894 2			380,000.00		380,000.00			21-Sep-2005		5.125%		CA - 80.00%		Paid Off - 360		01-Oct-2004

11048068 2			62,000.00		61,731.41			21-Sep-2005		10.750%		CA - 100.00%		Paid Off - 180		01-Nov-2004

11053463 2			51,000.00		50,767.01			29-Sep-2005		10.500%		CA - 100.00%		Paid Off - 180		01-Nov-2004

11056911 1			336,000.00		335,153.67			20-Sep-2005		5.875%		CA - 80.00%		Paid Off - 360		01-Dec-2004

11062987 2			104,000.00		103,602.98			13-Oct-2005		10.875%		CA - 100.00%		Paid Off - 180		01-Dec-2004

11065832 2			48,000.00		46,800.69			05-Oct-2005		12.240%		FL - 100.00%		Paid Off - 180		01-Dec-2004

11065947 2			790,000.00		790,000.00			30-Sep-2005		5.625%		CA - 79.80%		Paid Off - 360		01-Dec-2004

61314613 2			76,500.00		75,871.65			05-Oct-2005		8.100%		MI - 90.00%		Paid Off - 360		01-Oct-2004

61634630 1			172,000.00		170,273.22			27-Sep-2005		6.950%		AK - 80.00%		Paid Off - 360		01-Nov-2004

62002993 1			100,000.00		98,944.56			22-Sep-2005		6.400%		GA - 88.11%		Paid Off - 360		01-Nov-2004

62016175 1			134,400.00		133,696.30			14-Oct-2005		9.850%		NV - 70.00%		Paid Off - 360		01-Nov-2004

62209150 1			135,920.00		134,595.83			20-Sep-2005		6.750%		MI - 80.00%		Paid Off - 360		01-Nov-2004

62295118 1			91,800.00		91,026.69			19-Sep-2005		7.500%		FL - 90.00%		Paid Off - 360		01-Nov-2004

62320791 1			161,600.00		159,995.28			27-Sep-2005		6.650%		FL - 80.00%		Paid Off - 360		01-Nov-2004

62344874 1			160,800.00		159,307.06			10-Oct-2005		7.000%		IL - 80.00%		Paid Off - 360		01-Nov-2004

62396031 1			187,200.00		185,684.03			22-Sep-2005		7.950%		IL - 90.00%		Paid Off - 360		01-Nov-2004

62431614 1			103,600.00		102,674.64			05-Oct-2005		7.200%		AZ - 80.00%		Paid Off - 360		01-Nov-2004

62518873 1			117,000.00		115,939.37			07-Oct-2005		8.450%		MO - 90.00%		Paid Off - 360		01-Nov-2004

62602990 1			307,500.00		304,934.97			11-Oct-2005		7.550%		CA - 58.02%		Paid Off - 360		#######

62726112 2			400,000.00		395,714.67			26-Sep-2005		6.250%		CA - 87.91%		Paid Off - 360		01-Nov-2004

62738398 2			131,600.00		130,361.93			05-Oct-2005		7.100%		DE - 73.11%		Paid Off - 360		01-Dec-2004

63060636 1			420,000.00		417,527.91			23-Sep-2005		8.800%		CA - 69.54%		Paid Off - 360		01-Dec-2004

63134357 2			313,500.00		305,244.45			22-Sep-2005		6.500%		MD - 94.14%		Paid Off - 360		01-Nov-2004

63191159 1			156,275.00		154,809.28			28-Sep-2005		6.950%		AZ - 95.00%		Paid Off - 360		01-Nov-2004

63313472 1			127,800.00		126,542.99			22-Sep-2005		6.700%		MO - 90.00%		Paid Off - 360		01-Nov-2004

63385512 1			129,600.00		128,676.63			23-Sep-2005		7.850%		AZ - 80.00%		Paid Off - 360		01-Dec-2004

63484513 2			98,100.00		97,498.66			05-Oct-2005		8.600%		GA - 90.00%		Paid Off - 360		01-Dec-2004

63548390 1			525,000.00		519,093.96			03-Oct-2005		5.990%		CA - 75.00%		Paid Off - 360		01-Nov-2004

63764757 2			296,640.00		293,717.84			20-Sep-2005		7.100%		CA - 80.00%		Paid Off - 360		01-Nov-2004

63905038 1			307,600.00		305,205.32			12-Oct-2005		7.900%		WA - 80.00%		Paid Off - 360		01-Nov-2004

63918916 1			103,700.00		102,607.57			22-Sep-2005		5.850%		AZ - 85.00%		Paid Off - 360		01-Dec-2004

64238231 1			46,000.00		45,752.99			14-Oct-2005		9.250%		CA - 100.00%		Paid Off - 360		01-Dec-2004

64406952 1			223,250.00		221,578.89			20-Sep-2005		7.600%		IL - 94.60%		Paid Off - 360		01-Dec-2004

93830743 2			96,000.00		94,692.06			30-Sep-2005		11.050%		CA - 100.00%		Paid Off - 360		01-Nov-2004



Page 21 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

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

406167181 2			39,000.00		38,542.05			23-Sep-2005		8.250%		KY - 26.00%		Paid Off - 360		01-Sep-2004


407066121 1			197,500.00		196,136.22			30-Sep-2005		8.500%		CA - 50.00%		Paid Off - 360		01-Nov-2004

407134239 1			314,500.00		312,323.98			27-Sep-2005		8.490%		NY - 85.00%		Paid Off - 360		01-Nov-2004

407146310 1			284,750.00		282,973.10			07-Oct-2005		8.999%		MD - 82.54%		Paid Off - 360		01-Nov-2004

407169671 1			40,000.00		38,684.09			29-Sep-2005		7.990%		NY - 38.10%		Paid Off - 180		01-Nov-2004

407226167 1			105,520.00		104,446.03			28-Sep-2005		6.990%		FL - 80.00%		Paid Off - 360		01-Oct-2004

407269389 1			244,000.00		244,000.00			10-Oct-2005		7.500%		CA - 77.46%		Paid Off - 360		01-Oct-2004

407271340 2			255,000.00		252,797.11			05-Oct-2005		7.750%		AZ - 85.00%		Paid Off - 360		01-Nov-2004

408027430 2			200,000.00		198,156.31			04-Oct-2005		7.500%		OH - 100.00%		Paid Off - 360		01-Oct-2004

408027717 1			51,000.00		50,681.07			13-Oct-2005		8.990%		NV - 46.36%		Paid Off - 360		01-Nov-2004

408095635 1			180,000.00		178,469.12			12-Oct-2005		7.750%		IL - 90.00%		Paid Off - 360		01-Nov-2004

408131426 1			241,200.00		239,355.54			27-Sep-2005		7.990%		CA - 90.00%		Paid Off - 360		01-Nov-2004

408174671 2			149,500.00		148,658.28			27-Sep-2005		9.500%		NV - 63.62%		Paid Off - 360		01-Nov-2004

408187057 2			50,000.00		49,687.30			03-Oct-2005		8.990%		AL - 74.63%		Paid Off - 360		01-Nov-2004

408198711 1			175,500.00		174,318.29			03-Oct-2005		8.625%		PA - 90.00%		Paid Off - 360		01-Nov-2004

408231537 2			77,000.00		76,579.66			22-Sep-2005		9.650%		KS - 88.51%		Paid Off - 360		01-Nov-2004

408242908 2			42,930.00		40,321.18			30-Sep-2005		8.500%		IN - 53.00%		Paid Off - 120		01-Nov-2004

408243615 2			120,800.00		120,763.71			12-Oct-2005		6.650%		OR - 80.00%		Paid Off - 360		01-Oct-2004

408265904 1			102,800.00		101,929.31			22-Sep-2005		7.750%		FL - 80.00%		Paid Off - 360		01-Nov-2004

408266218 1			54,000.00		52,996.62			06-Oct-2005		9.500%		TX - 47.58%		Paid Off - 240		01-Nov-2004

408266280 1			146,000.00		144,641.78			06-Oct-2005		6.990%		RI - 69.52%		Paid Off - 360		01-Nov-2004

408266705 1			318,500.00		316,059.05			14-Oct-2005		7.990%		NJ - 65.00%		Paid Off - 360		01-Nov-2004

408308943 1			144,000.00		142,756.91			06-Oct-2005		7.375%		CT - 90.00%		Paid Off - 360		01-Nov-2004

408309278 1			204,000.00		202,281.56			10-Oct-2005		7.500%		AZ - 85.00%		Paid Off - 360		01-Nov-2004

408309648 1			92,400.00		91,540.04			13-Oct-2005		6.990%		UT - 80.00%		Paid Off - 360		01-Nov-2004

408310373 1			125,100.00		124,071.20			20-Sep-2005		7.625%		FL - 90.00%		Paid Off - 360		01-Nov-2004

409012703 1			310,000.00		307,482.27			03-Oct-2005		7.999%		VA - 63.27%		Paid Off - 360		01-Nov-2004

409023802 1			203,150.00		201,596.48			03-Oct-2005		7.990%		RI - 85.00%		Paid Off - 360		01-Nov-2004

409024357 2			42,300.00		42,125.82			20-Sep-2005		10.990%		AR - 90.00%		Paid Off - 360		01-Nov-2004

409024993 2			442,400.00		438,581.11			13-Oct-2005		7.375%		AZ - 80.00%		Paid Off - 360		01-Nov-2004

409088779 1			157,500.00		156,224.35			03-Oct-2005		7.700%		AZ - 88.98%		Paid Off - 360		01-Nov-2004

409147160 1			264,000.00		263,968.87			14-Oct-2005		6.875%		NY - 80.00%		Paid Off - 360		01-Nov-2004

409157616 1			250,240.00		248,494.62			30-Sep-2005		8.450%		RI - 84.86%		Paid Off - 360		01-Nov-2004

409157729 2			396,000.00		393,529.34			19-Sep-2005		9.000%		CA - 80.00%		Paid Off - 360		01-Nov-2004

409169539 1			288,000.00		284,526.97			10-Oct-2005		5.990%		NY - 80.00%		Paid Off - 360		01-Nov-2004

409171264 1			335,200.00		330,684.41			26-Sep-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Nov-2004

409202237 1			230,320.00		228,861.88			14-Oct-2005		9.125%		DE - 80.00%		Paid Off - 360		01-Nov-2004

1000182440 1			150,000.00		148,489.64			03-Oct-2005		7.990%		IL - 45.87%		Paid Off - 360		01-Oct-2004



Page 22 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

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

1000290709 2			500,000.00		496,294.13			28-Sep-2005		7.650%		CA - 62.11%		Paid Off - 360		01-Dec-2004


1000294219 2			240,000.00		240,000.00			30-Sep-2005		6.750%		CA - 73.85%		Paid Off - 360		01-Jan-2005

1000310263 1			88,000.00		87,433.48			27-Sep-2005		7.200%		TX - 80.00%		Paid Off - 360		01-Feb-2005

1000315987 1			214,400.00		212,959.92			04-Oct-2005		7.075%		CA - 71.47%		Paid Off - 360		01-Feb-2005

1000326305 2			105,000.00		104,552.60			21-Sep-2005		9.250%		CA - 100.00%		Paid Off - 180		01-Feb-2005

1000336946 1			160,000.00		159,415.60			05-Oct-2005		9.990%		CA - 49.08%		Paid Off - 360		01-Feb-2005

1000349074 1			45,403.00		45,206.87			03-Oct-2005		9.900%		CO - 100.00%		Paid Off - 180		01-Jan-2005

1000350098 1			93,500.00		92,761.74			28-Sep-2005		6.770%		WA - 62.33%		Paid Off - 360		01-Jan-2005

1000351314 2			436,000.00		435,891.18			30-Sep-2005		5.990%		CA - 80.00%		Paid Off - 360		01-Feb-2005

1000351336 2			109,000.00		108,427.17			30-Sep-2005		9.650%		CA - 100.00%		Paid Off - 180		01-Feb-2005

1000356533 1			166,875.00		166,100.07			28-Sep-2005		8.600%		IL - 75.00%		Paid Off - 360		01-Mar-2005

1000366567 1			91,000.00		90,689.00			03-Oct-2005		9.650%		TX - 73.98%		Paid Off - 360		01-Mar-2005

1000368468 1			180,000.00		178,730.59			12-Oct-2005		6.990%		CA - 80.00%		Paid Off - 360		01-Feb-2005

1000368479 1			45,000.00		44,831.15			12-Oct-2005		10.520%		CA - 100.00%		Paid Off - 180		01-Feb-2005

1000382385 1			328,000.00		326,370.38			04-Oct-2005		8.500%		CA - 80.00%		Paid Off - 360		01-Feb-2005

1000387694 2			93,000.00		92,474.04			22-Sep-2005		10.250%		CA - 100.00%		Paid Off - 180		01-Feb-2005

1000410444 1			139,360.00		138,421.21			19-Sep-2005		6.300%		OR - 80.00%		Paid Off - 360		01-Mar-2005

1000410455 1			34,840.00		34,702.82			19-Sep-2005		9.500%		OR - 100.00%		Paid Off - 180		01-Mar-2005

1000412367 2			276,000.00		275,524.40			06-Oct-2005		6.700%		CA - 80.00%		Paid Off - 360		01-Mar-2005

1000412794 2			69,000.00		68,545.67			06-Oct-2005		9.500%		CA - 100.00%		Paid Off - 180		01-Mar-2005

1000413009 2			179,910.00		179,910.00			04-Oct-2005		6.990%		CA - 90.00%		Paid Off - 360		01-Mar-2005

1000417418 1			107,350.00		106,975.37			29-Sep-2005		9.550%		AZ - 95.00%		Paid Off - 360		01-Mar-2005

1000419926 1			276,000.00		274,767.43			20-Sep-2005		8.350%		CA - 73.99%		Paid Off - 360		01-Mar-2005

1000423831 2			325,600.00		325,600.00			30-Sep-2005		7.630%		CA - 80.00%		Paid Off - 360		01-Mar-2005

1000424056 2			381,600.00		381,600.00			20-Sep-2005		6.050%		MN - 80.00%		Paid Off - 360		01-Mar-2005

1000424067 2			95,400.00		95,090.58			20-Sep-2005		9.900%		MN - 100.00%		Paid Off - 180		01-Mar-2005

1000424832 2			239,200.00		239,196.22			07-Oct-2005		7.120%		CA - 80.00%		Paid Off - 360		01-Mar-2005

1000428319 2			303,000.00		303,000.00			04-Oct-2005		5.990%		CA - 63.79%		Paid Off - 360		01-Mar-2005

1000429107 2			288,000.00		287,991.95			04-Oct-2005		7.000%		CA - 90.00%		Paid Off - 360		01-Mar-2005

1000431223 1			98,600.00		98,098.34			07-Oct-2005		7.700%		IL - 85.00%		Paid Off - 360		01-Mar-2005

1000433674 2			304,000.00		304,000.00			10-Oct-2005		7.150%		CA - 80.00%		Paid Off - 360		01-Mar-2005

1000433696 2			76,000.00		75,768.57			10-Oct-2005		10.200%		CA - 100.00%		Paid Off - 180		01-Mar-2005

1000435878 2			288,000.00		288,000.00			20-Sep-2005		7.400%		IL - 80.00%		Paid Off - 360		01-Mar-2005

1000438118 2			136,000.00		136,000.00			27-Sep-2005		7.713%		FL - 80.00%		Paid Off - 360		01-Mar-2005

1000438196 1			34,000.00		33,900.58			27-Sep-2005		10.390%		FL - 100.00%		Paid Off - 180		01-Mar-2005

1000438679 2			297,500.00		297,000.10			30-Sep-2005		6.875%		CA - 85.00%		Paid Off - 360		01-Mar-2005

1000441684 2			81,400.00		81,167.51			30-Sep-2005		10.500%		CA - 100.00%		Paid Off - 180		01-Mar-2005

1000443417 1			211,200.00		209,531.07			03-Oct-2005		6.350%		IL - 80.00%		Paid Off - 360		01-Mar-2005



Page 23 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

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

1000443552 1			52,800.00		52,645.96			03-Oct-2005		10.400%		IL - 100.00%		Paid Off - 180		01-Mar-2005


1000444474 2			172,250.00		172,246.23			19-Sep-2005		5.550%		CA - 65.00%		Paid Off - 360		01-Mar-2005

1000448119 1			224,250.00		222,944.85			14-Oct-2005		7.550%		CA - 75.00%		Paid Off - 360		01-Mar-2005

1000449277 1			350,200.00		348,119.96			26-Sep-2005		6.950%		CA - 85.00%		Paid Off - 360		01-Mar-2005

1000449323 1			188,000.00		186,286.77			28-Sep-2005		7.250%		CA - 80.00%		Paid Off - 360		01-Mar-2005

1000449536 1			244,000.00		242,708.35			14-Oct-2005		7.500%		CA - 80.00%		Paid Off - 360		01-Mar-2005

1000450000 2			288,000.00		288,000.00			26-Sep-2005		7.400%		IL - 90.00%		Paid Off - 360		01-Mar-2005

1000450909 1			160,000.00		158,919.22			26-Sep-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Mar-2005

1000452596 1			200,000.00		198,762.61			23-Sep-2005		5.880%		CA - 64.52%		Paid Off - 360		01-Apr-2005

1000459997 1			261,000.00		259,667.85			21-Sep-2005		7.700%		CA - 90.00%		Paid Off - 360		01-Mar-2005

1000461428 1			253,300.00		252,024.01			27-Sep-2005		7.750%		IL - 85.00%		Paid Off - 360		01-Mar-2005

1000464937 1			245,000.00		243,802.20			07-Oct-2005		7.900%		CA - 70.00%		Paid Off - 360		01-Mar-2005

9500581575 2			116,800.00		#######			29-Sep-2005		7.700%		FL - 80.00%		Paid Off - 360		01-Oct-2004

9500617684 2			99,900.00		99,270.27			22-Sep-2005		8.950%		OH - 88.80%		Paid Off - 360		01-Nov-2004

9500626826 2			85,500.00		84,965.22			22-Sep-2005		8.500%		VA - 90.00%		Paid Off - 360		01-Dec-2004

9500627600 2			94,500.00		94,500.00			27-Sep-2005		7.350%		FL - 90.00%		Paid Off - 360		01-Dec-2004

9500630901 2			77,400.00		76,643.41			14-Oct-2005		7.850%		MI - 87.95%		Paid Off - 360		01-Dec-2004

9500634531 2			280,500.00		280,499.99			21-Sep-2005		7.000%		MD - 85.00%		Paid Off - 360		01-Jan-2005

9500643425 2			257,450.00		257,450.00			04-Oct-2005		7.200%		NC - 95.00%		Paid Off - 360		01-Jan-2005

9500645636 2			202,300.00		200,873.06			05-Oct-2005		7.350%		MD - 77.96%		Paid Off - 360		01-Jan-2005

9500646378 2			124,445.00		123,575.82			28-Sep-2005		7.400%		MD - 93.57%		Paid Off - 360		01-Jan-2005

9500652541 2			30,000.00		29,814.34			28-Sep-2005		7.400%		NC - 44.12%		Paid Off - 360		01-Feb-2005

9500663019 2			98,100.00		97,477.72			11-Oct-2005		7.275%		AZ - 90.00%		Paid Off - 360		01-Feb-2005



TOTAL			25,433,526.00		25,283,190.55



Page 24 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

October 25, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



											Group 2		Group 1		Total


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

Cumulative




Number of Loans Liquidated										4		2		6
Collateral Realized Loss/(Gain) Amount										211,616.95		9,655.62		221,272.57
Net Liquidation Proceeds										109,708.65		407,804.10		517,512.75










Page 25 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

October 25, 2005 Distribution


DEFAULT SPEEDS



											Group 2		Group 1		Total



MDR										0.00%		0.00%		0.00%
3 Months Avg MDR										0.03%		0.04%		0.04%
12 Months Avg MDR										0.01%		0.02%		0.01%
Avg MDR Since Cut-off										0.01%		0.02%		0.01%


CDR										0.00%		0.00%		0.00%
3 Months Avg CDR										0.36%		0.49%		0.42%
12 Months Avg CDR										0.15%		0.18%		0.17%
Avg CDR Since Cut-off										0.15%		0.18%		0.17%


SDA										0.00%		0.00%		0.00%
3 Months Avg SDA Approximation										1.91%		2.50%		2.22%
12 Months Avg SDA Approximation										1.05%		1.23%		1.14%
Avg SDA Since Cut-off Approximation										1.05%		1.23%		1.14%


Loss Severity Approximation for Current Period										0.00%		0.00%		0.00%
3 Months Avg Loss Severity Approximation										23.51%		1.79%		16.70%
12 Months Avg Loss Severity Approximation										11.80%		0.67%		9.25%
Avg Loss Severity Approximation Since Cut-off										11.80%		0.67%		9.25%












Page 26 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

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 27 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

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 28 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

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

										Group 2		Group 1		Total
						Has Stepdown Condition occurred (0 = No, 1=Yes)								0

						Does a Trigger Event Exist ? (0=No,1=Yes)								0
						Has Sequential Trigger Event Occured (0=No,1=Yes)								0
						Does a Loss Trigger Event Exists (0=No,1=Yes)								0
						Does a Delinquency Trigger Event Exists (0=No,1=Yes)								0

						60+ days Delinqueny Balance								39,179,158.96
						Ending Collateral Balance								598,048,524.88
						Delinquency Percentage								6.550000%

						Senior Enhancement Percentage								30.986182%

						Cumulative Loss Percentage								0.0284411875%


ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION

SPACE INTENTIONALLY LEFT BLANK




Page 29 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

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

			I-A2										$0.00		$0.00

			II-A1										$0.00		$0.00

			II-A2										$0.00		$0.00

			II-A3										$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

			B-1										$0.00		$430.92

			B-2										$0.00		$330.36

			B-3										$0.00		$287.28







Page 30 of 30

Soundview Home Loan Trust 2005-1 8-K