Soundview Home Equity Loan Trust 2006-OPT1

Mortgage Pass-Through Certificates

May 25, 2006 Distribution

External Parties

Table of Contents

Page

Seller

Option One

1. Certificate Payment Report

2. Collection Account Report

Servicer(s)

3. Credit Enhancement Report

Option One

4. Collateral Report

5. Delinquency Report

Underwriter(s)

6. REO Report

Greenwich Capital Markets

7. Foreclosure Report

Wamu Capital Corp

8. Prepayment Report

9. Prepayment Detail Report

10. Realized Loss Report

Swap Counterparty

11. Realized Loss Detail Report

Royal Bank of Scotland

12. Triggers and Adj. Cert. Report

13. Additional Certificate Report

14. Other Related Information

Total Number of Pages

Dates

Contacts

Cut-Off Date:

March 01, 2006

Hang Luu

Close Date:

March 10, 2006

Administrator

First Distribution Date:

April 25, 2006

(714) 247-6000

hang-thai.luu@db.com

Address:

Distribution Date:

May 25, 2006

1761 East St. Andrew Place, Santa Ana, CA 92705

Record Date:

April 28, 2006

Factor Information:

(800) 735-7777

May 24, 2006

Main Phone Number:

(714) 247-6000

Determination Date

May 15, 2006

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

Page 1 of 27

Soundview Home Equity Loan Trust 2006-OPT1



Mortgage Pass-Through Certificates

May 25, 2006 Distribution

Certificate Payment Report
Current Period Distribution - Series 2006-OPT1
				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-A-1	SR/FLT/STEP	$	464,580,000.00	459,313,341.55	1,967,154.83	6,240,419.65	8,207,574.48	0.00	0.00	453,072,921.90

II-A-1	SR/FLT/STEP	$	168,330,000.00	160,607,246.02	673,129.06	13,603,418.89	14,276,547.95	0.00	0.00	147,003,827.13
II-A-2	SR/FLT/STEP	$	82,360,000.00	82,360,000.00	348,614.78	0.00	348,614.78	0.00	0.00	82,360,000.00
II-A-3	SR/FLT/STEP	$	85,590,000.00	85,590,000.00	366,566.28	0.00	366,566.28	0.00	0.00	85,590,000.00
II-A-4	SR/FLT/STEP	$	26,093,000.00	26,093,000.00	113,708.51	0.00	113,708.51	0.00	0.00	26,093,000.00
M-1	MEZ/FLT/STE	$	74,844,000.00	74,844,000.00	330,834.18	0.00	330,834.18	0.00	0.00	74,844,000.00
M-2	MEZ/FLT/STE	$	19,366,000.00	19,366,000.00	86,330.08	0.00	86,330.08	0.00	0.00	19,366,000.00
M-3	MEZ/FLT/STE	$	17,272,000.00	17,272,000.00	78,290.81	0.00	78,290.81	0.00	0.00	17,272,000.00
M-4	MEZ/FLT/STE	$	16,748,000.00	16,748,000.00	76,194.75	0.00	76,194.75	0.00	0.00	16,748,000.00
M-5	MEZ/FLT/STE	$	16,225,000.00	16,225,000.00	74,761.83	0.00	74,761.83	0.00	0.00	16,225,000.00
M-6	MEZ/FLT/STE	$	14,131,000.00	14,131,000.00	71,354.25	0.00	71,354.25	0.00	0.00	14,131,000.00
M-7	MEZ/FLT/STE	$	13,085,000.00	13,085,000.00	68,253.32	0.00	68,253.32	0.00	0.00	13,085,000.00
M-8	MEZ/FLT/STE	$	9,421,000.00	9,421,000.00	56,992.18	0.00	56,992.18	0.00	0.00	9,421,000.00
M-9	MEZ/FLT/STE	$	6,804,000.00	6,804,000.00	42,294.68	0.00	42,294.68	0.00	0.00	6,804,000.00
M-10	MEZ/FLT/STE	$	10,468,000.00	10,468,000.00	65,070.66	0.00	65,070.66	0.00	0.00	10,468,000.00
M-11	MEZ/FIX/STE	$	8,374,000.00	8,374,000.00	34,891.67	0.00	34,891.67	0.00	0.00	8,374,000.00
C	WAC/EXE	$	13,084,321.57	13,084,692.77	2,386,361.07	0.00	2,386,361.07	0.00	0.00	13,084,692.77
P	FIX/EXE	$	100.00	100.00	185,949.79	0.00	185,949.79	0.00	0.00	100.00
R	NPR/EXE	$	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
R-X	NPR/EXE	$	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00


Total			1,046,775,421.57	1,033,786,380.34	7,026,752.73	19,843,838.54	26,870,591.27	0.00	0.00	1,013,942,541.80






Page 2 of 27

Soundview Home Equity Loan Trust 2006-OPT1



Mortgage Pass-Through Certificates

May 25, 2006 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-A-1	04/25/06	05/24/06	A-Act/360	83611MLR7	464,580,000.00	988.663613	4.234265	13.432390	17.666655	975.231224

II-A-1	04/25/06	05/24/06	A-Act/360	83611MLW6	168,330,000.00	954.121345	3.998866	80.813990	84.812855	873.307355
II-A-2	04/25/06	05/24/06	A-Act/360	83611MLX4	82,360,000.00	1,000.000000	4.232817	0.000000	4.232817	1,000.000000
II-A-3	04/25/06	05/24/06	A-Act/360	83611MLY2	85,590,000.00	1,000.000000	4.282817	0.000000	4.282817	1,000.000000
II-A-4	04/25/06	05/24/06	A-Act/360	83611MLZ9	26,093,000.00	1,000.000000	4.357817	0.000000	4.357817	1,000.000000
M-1	04/25/06	05/24/06	A-Act/360	83611MLS5	74,844,000.00	1,000.000000	4.420317	0.000000	4.420317	1,000.000000
M-2	04/25/06	05/24/06	A-Act/360	83611MMA3	19,366,000.00	1,000.000000	4.457817	0.000000	4.457817	1,000.000000
M-3	04/25/06	05/24/06	A-Act/360	83611MMB1	17,272,000.00	1,000.000000	4.532817	0.000000	4.532817	1,000.000000
M-4	04/25/06	05/24/06	A-Act/360	83611MMC9	16,748,000.00	1,000.000000	4.549484	0.000000	4.549484	1,000.000000
M-5	04/25/06	05/24/06	A-Act/360	83611MMD7	16,225,000.00	1,000.000000	4.607817	0.000000	4.607817	1,000.000000
M-6	04/25/06	05/24/06	A-Act/360	83611MME5	14,131,000.00	1,000.000000	5.049483	0.000000	5.049483	1,000.000000
M-7	04/25/06	05/24/06	A-Act/360	83611MMF2	13,085,000.00	1,000.000000	5.216150	0.000000	5.216150	1,000.000000
M-8	04/25/06	05/24/06	A-Act/360	83611MMG0	9,421,000.00	1,000.000000	6.049483	0.000000	6.049483	1,000.000000
M-9	04/25/06	05/24/06	A-Act/360	83611MLT3	6,804,000.00	1,000.000000	6.216149	0.000000	6.216149	1,000.000000
M-10	04/25/06	05/24/06	A-Act/360	83611MLU0	10,468,000.00	1,000.000000	6.216150	0.000000	6.216150	1,000.000000
M-11	04/01/06	04/30/06	F-30/360	83611MLV8	8,374,000.00	1,000.000000	4.166667	0.000000	4.166667	1,000.000000
C	04/01/06	04/30/06	F-30/360	GC06O1101	13,084,321.57	1,000.028370	182.383248	0.000000	182.383248	1,000.028370
P	04/01/06	04/30/06	F-30/360	GC06O1102	100.00	1,000.000000	1,859,497.900000	0.000000	1,859,497.900000	1,000.000000
R	04/01/06	04/30/06	F-30/360	GC06O1103	0.00	0.000000	0.000000	0.000000	0.000000	0.000000
R-X	04/01/06	04/30/06	F-30/360	GC06O1104	0.00	0.000000	0.000000	0.000000	0.000000	0.000000




Page 3 of 27

Soundview Home Equity Loan Trust 2006-OPT1



Mortgage Pass-Through Certificates

May 25, 2006 Distribution


Distribution to Date - Series 2006-OPT1
									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-A-1	464,580,000.00	4,862,959.14	11,173,941.46	333,136.64	11,507,078.10	16,370,037.24	0.00	0.00	453,072,921.90
II-A-1	168,330,000.00	1,698,698.19	20,734,388.49	591,784.38	21,326,172.87	23,024,871.06	0.00	0.00	147,003,827.13
II-A-2	82,360,000.00	855,664.07	0.00	0.00	0.00	855,664.07	0.00	0.00	82,360,000.00
II-A-3	85,590,000.00	900,062.97	0.00	0.00	0.00	900,062.97	0.00	0.00	85,590,000.00
II-A-4	26,093,000.00	279,351.21	0.00	0.00	0.00	279,351.21	0.00	0.00	26,093,000.00
M-1	74,844,000.00	813,128.87	0.00	0.00	0.00	813,128.87	0.00	0.00	74,844,000.00
M-2	19,366,000.00	212,238.12	0.00	0.00	0.00	212,238.12	0.00	0.00	19,366,000.00
M-3	17,272,000.00	192,570.99	0.00	0.00	0.00	192,570.99	0.00	0.00	17,272,000.00
M-4	16,748,000.00	187,435.89	0.00	0.00	0.00	187,435.89	0.00	0.00	16,748,000.00
M-5	16,225,000.00	183,980.41	0.00	0.00	0.00	183,980.41	0.00	0.00	16,225,000.00
M-6	14,131,000.00	176,046.90	0.00	0.00	0.00	176,046.90	0.00	0.00	14,131,000.00
M-7	13,085,000.00	168,540.39	0.00	0.00	0.00	168,540.39	0.00	0.00	13,085,000.00
M-8	9,421,000.00	141,235.28	0.00	0.00	0.00	141,235.28	0.00	0.00	9,421,000.00
M-9	6,804,000.00	104,875.22	0.00	0.00	0.00	104,875.22	0.00	0.00	6,804,000.00
M-10	10,468,000.00	161,351.25	0.00	0.00	0.00	161,351.25	0.00	0.00	10,468,000.00
M-11	8,374,000.00	69,783.34	0.00	0.00	0.00	69,783.34	0.00	0.00	8,374,000.00
C	13,084,321.57	2,843,330.39	0.00	0.00	0.00	2,843,330.39	0.00	371.20	13,084,692.77
P	100.00	368,486.30	0.00	0.00	0.00	368,486.30	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	1,046,775,421.57	14,219,738.93	31,908,329.95	924,921.02	32,833,250.97	47,052,989.90	0.00	371.20	1,013,942,541.80


Interest Detail - Series 2006-OPT1
	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-A-1	5.13938%	459,313,341.55	1,967,154.83	0.00	0.00	0.00	1,967,154.83	1,967,154.83	0.00
II-A-1	5.02938%	160,607,246.02	673,129.06	0.00	0.00	0.00	673,129.06	673,129.06	0.00
II-A-2	5.07938%	82,360,000.00	348,614.78	0.00	0.00	0.00	348,614.78	348,614.78	0.00
II-A-3	5.13938%	85,590,000.00	366,566.28	0.00	0.00	0.00	366,566.28	366,566.28	0.00
II-A-4	5.22938%	26,093,000.00	113,708.51	0.00	0.00	0.00	113,708.51	113,708.51	0.00
M-1	5.30438%	74,844,000.00	330,834.18	0.00	0.00	0.00	330,834.18	330,834.18	0.00
M-2	5.34938%	19,366,000.00	86,330.08	0.00	0.00	0.00	86,330.08	86,330.08	0.00
M-3	5.43938%	17,272,000.00	78,290.81	0.00	0.00	0.00	78,290.81	78,290.81	0.00
M-4	5.45938%	16,748,000.00	76,194.75	0.00	0.00	0.00	76,194.75	76,194.75	0.00
M-5	5.52938%	16,225,000.00	74,761.83	0.00	0.00	0.00	74,761.83	74,761.83	0.00
M-6	6.05938%	14,131,000.00	71,354.25	0.00	0.00	0.00	71,354.25	71,354.25	0.00
M-7	6.25938%	13,085,000.00	68,253.32	0.00	0.00	0.00	68,253.32	68,253.32	0.00
M-8	7.25938%	9,421,000.00	56,992.18	0.00	0.00	0.00	56,992.18	56,992.18	0.00
M-9	7.45938%	6,804,000.00	42,294.68	0.00	0.00	0.00	42,294.68	42,294.68	0.00
M-10	7.45938%	10,468,000.00	65,070.66	0.00	0.00	0.00	65,070.66	65,070.66	0.00
M-11	5.00000%	8,374,000.00	34,891.67	0.00	0.00	0.00	34,891.67	34,891.67	0.00
C	0.00000%	13,084,692.77	0.00	0.00	0.00	0.00	0.00	2,386,361.07	0.00
P	0.00000%	100.00	0.00	0.00	0.00	0.00	0.00	185,949.79	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		1,033,786,380.34	4,454,441.87	0.00	0.00	0.00	4,454,441.87	7,026,752.73	0.00



Page 4 of 27

Soundview Home Equity Loan Trust 2006-OPT1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
May 25, 2006 Distribution

Collection Account Report
SUMMARY

	Group 2	Group 1	Total
Principal Collections	13,603,418.89	6,240,419.65	19,843,838.54
Principal Withrawals	0.00	0.00	0.00
Principal Other Accounts	0.00	0.00	0.00
TOTAL NET PRINCIPAL	13,603,418.89	6,240,419.65	19,843,838.54
Interest Collections	3,065,890.40	4,053,934.88	7,119,825.29
Interest Withdrawals	-0.00	-0.00	-0.00
Interest Other Accounts	83,047.49	24,594.51	107,642.01
Interest Fees	-86,873.13	-113,841.44	-200,714.57
TOTAL NET INTEREST	3,062,064.77	3,964,687.96	7,026,752.72
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION	16,665,483.66	10,205,107.61	26,870,591.26




PRINCIPAL - COLLECTIONS

	Group 2	Group 1	Total
Scheduled Principal Received	164,058.63	296,253.22	460,311.85
Curtailments	19,214.23	20,295.05	39,509.28
Prepayments In Full	13,420,146.03	5,923,871.38	19,344,017.41
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	-44,306.82	-78,366.31	-122,673.13
Realized Losses	-0.00	-0.00	-0.00
Advanced Principal	44,306.82	78,366.31	122,673.13
TOTAL PRINCIPAL COLLECTED	13,603,418.89	6,240,419.65	19,843,838.54




PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK




PRINCIPAL - OTHER ACCOUNTS

SPACE INTENTIONALLY LEFT BLANK






Page 5 of 27

Soundview Home Equity Loan Trust 2006-OPT1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
May 25, 2006 Distribution


INTEREST - COLLECTIONS

	Group 2	Group 1	Total
Scheduled Interest	3,097,632.84	4,093,501.58	7,191,134.42
Repurchased/Substitution Interest	0.00	0.00	0.00
Liquidation Interest	0.00	0.00	0.00
Other Additional Interest	0.00	0.00	0.00
Prepayment Interest Shortfalls	-12,252.31	-6,673.08	-18,925.39
Delinquent Interest	-894,725.76	-1,158,140.77	-2,052,866.53
Interest Realized Loss	0.00	0.00	0.00
Compensating Interest	12,252.31	6,673.08	18,925.39
Civil Relief Act Shortfalls	-0.00	-0.00	-0.00
Interest Advanced	862,983.32	1,118,574.07	1,981,557.39
TOTAL INTEREST COLLECTED	3,065,890.40	4,053,934.88	7,119,825.29




INTEREST - WITHDRAWALS

	Group 2	Group 1	Total
Extraordinary Trust Fund Expenses	0.00	0.00	0.00

TOTAL INTEREST WITHDRAWALS	0.00	0.00	0.00




INTEREST - OTHER ACCOUNTS

	Group 2	Group 1	Total
Prepayment Charges	117,208.33	68,741.46	185,949.79

Interest Swap Payment	(1,903,688.22)	(2,460,186.29)	(4,363,874.51)
Interest Swap Reciept	1,869,527.38	2,416,039.35	4,285,566.73
Swap Termination Payment	0.00	0.00	0.00
Swap Termination Payment due to Swap Provider Trigger			0.00

TOTAL INTEREST OTHER ACCOUNTS	83,047.49	24,594.51	107,642.01

Net SWAP Payment to SWAP Provider			78,307.78



INTEREST - FEES

	Group 2	Group 1	Total
Current Servicing Fees	81,001.81	106,135.65	187,137.46
Current Trustee Fees	0.00	0.00	0.00
Current Custodian Fees	1,315.35	1,699.86	3,015.21
Current Credit Risk Manager Fees	4,555.97	6,005.93	10,561.90
TOTAL INTEREST FEES	86,873.13	113,841.44	200,714.57



Page 6 of 27

Soundview Home Equity Loan Trust 2006-OPT1

Mortgage Pass-Through Certificates

May 25, 2006 Distribution

Credit Enhancement Report

ACCOUNTS

Net WAC Rate Carryover Reserve Account

Beginning Account Balance

0.00

Account Deposit

0.00

Account Withdrawls

0.00

Ending Account Balance

0.00

SWAP ACCOUNT

Beginning Account Balance

1,000.00

Account Deposit

0.00

Account Withdrawls

0.00

Ending Account Balance

1,000.00

INSURANCE

SPACE INTENTIONALLY LEFT BLANK

STRUCTURAL FEATURES

Group 2

Group 1

Total

Overcollateralization Target Amount

13,084,692.77

Overcollateralization Amount (Beginning)

13,084,692.77

Overcollateralization Deficiency Amount

0.00

Overcollateralization Release Amount

0.00

Overcollateralization Amount (Ending)

13,084,692.77

Overcollateralization Deficiency (Ending)

0.00

Excess Overcollateralization (Ending)

0.00

Net Monthly Excess Cashflow

2,386,361.07

Page 7 of 27

Soundview Home Equity Loan Trust 2006-OPT1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
May 25, 2006 Distribution

Collateral Report


COLLATERAL




		Group 2		Group 1		Total



Loan Count:


Original	2,069		3,392		5,461
Prior	2,040		3,365		5,405
Prefunding	0		0		0
Scheduled Paid Offs	-0		-0		-0
Full Voluntary Prepayments	-39		-27		-66
Repurchases	-0		-0		-0
Liquidations	-0		-0		-0
Current	2,001		3,338		5,339
Principal Balance:


Original	458,699,513.90		588,075,907.67		1,046,775,421.57
Prior	450,976,980.61		582,809,399.73		1,033,786,380.34
Prefunding	0.00		0.00		0.00
Scheduled Principal	-164,058.63		-296,253.22		-460,311.85
Partial Prepayments	-19,214.23		-20,295.05		-39,509.28
Full Voluntary Prepayments	-13,420,146.03		-5,923,871.38		-19,344,017.41
Repurchases	-0.00		-0.00		-0.00
Liquidations	-0.00		-0.00		-0.00
Current	437,373,561.72		576,568,980.08		1,013,942,541.80





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK

Page 8 of 27

Soundview Home Equity Loan Trust 2006-OPT1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
May 25, 2006 Distribution


CHARACTERISTICS
CHARACTERISTICS

	Group 2	Group 1	Total
Weighted Average Coupon Original	8.25125%	8.43218%	8.35289%
Weighted Average Coupon Prior	8.25125%	8.43218%	8.35289%
Weighted Average Coupon Current	8.24246%	8.42849%	8.34734%
Weighted Average Months to Maturity Original	356	356	356
Weighted Average Months to Maturity Prior	356	356	356
Weighted Average Months to Maturity Current	355	355	355
Weighted Avg Remaining Amortization Term Original	378	383	381
Weighted Avg Remaining Amortization Term Prior	378	383	381
Weighted Avg Remaining Amortization Term Current	377	382	380
Weighted Average Seasoning Original	3.07	2.72	2.87
Weighted Average Seasoning Prior	3.07	2.72	2.87
Weighted Average Seasoning Current	4.08	3.71	3.87

Page 9 of 27

Soundview Home Equity Loan Trust 2006-OPT1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
May 25, 2006 Distribution


ARM CHARACTERISTICS
ARM CHARACTERISTICS

				Group 2		Group 1		Total
	Weighted Average Margin Original			6.30766%		6.40365%		6.36120%
	Weighted Average Margin Prior			6.30766%		6.40365%		6.36120%
	Weighted Average Margin Current			6.30442%		6.40230%		6.35924%
	Weighted Average Max Rate Original			14.07154%		14.36589%		14.23571%
	Weighted Average Max Rate Prior			14.07154%		14.36589%		14.23571%
	Weighted Average Max Rate Current			14.06220%		14.36219%		14.23021%
	Weighted Average Min Rate Original			8.06595%		8.37429%		8.23792%
	Weighted Average Min Rate Prior			8.06595%		8.37429%		8.23792%
	Weighted Average Min Rate Current			8.05649%		8.37011%		8.23214%
	Weighted Average Cap Up Original			1.00446%		1.00098%		1.00252%
	Weighted Average Cap Up Prior			1.00446%		1.00098%		1.00252%
	Weighted Average Cap Up Current			1.00455%		1.00099%		1.00255%
	Weighted Average Cap Down Original			1.00446%		1.00098%		1.00252%
	Weighted Average Cap Down Prior			1.00446%		1.00098%		1.00252%
	Weighted Average Cap Down Current			1.00455%		1.00099%		1.00255%




SERVICING FEES & ADVANCES
SERVICING FEES & ADVANCES

				Group 2		Group 1		Total




Current Servicing Fees			81,001.81		106,135.65		187,137.46
Delinquent Servicing Fees			31,742.44		39,566.70		71,309.14
TOTAL SERVICING FEES			112,744.25		145,702.35		258,446.60


Total Servicing Fees			112,744.25		145,702.35		258,446.60
Compensating Interest			-12,252.31		-6,673.08		-18,925.39
Delinquent Servicing Fees			-31,742.44		-39,566.70		-71,309.14
COLLECTED SERVICING FEES			68,749.50		99,462.57		168,212.08


Total Advaced Interest			862,983.32		1,118,574.07		1,981,557.39
Total Advaced Principal			44,306.82		78,366.31		122,673.13
Aggregate Advances with respect to this Distribution			907,290.14		1,196,940.38		2,104,230.52






ADDITIONAL COLLATERAL INFORMATION
ADDITIONAL COLLATERAL INFORMATION
					Group 2		Group 1		Total
		Prepayment Interest Shortfall (PPIS)			12,252.31		6,673.08		18,925.39
		Compensating Interest			(12,252.31)		(6,673.08)		(18,925.39)
		Net Prepayment Interest Shortfall (PPIS)			0.00		0.00		0.00

		Weighted Average Net Mortgage Rate			8.147817%		8.163262%		8.156524%







Page 10 of 27

Soundview Home Equity Loan Trust 2006-OPT1



Mortgage Pass-Through Certificates

May 25, 2006 Distribution

Delinquency Report

	TOTAL
			< 1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
	DELINQUENT	Balance		3,517,663.67	344,000.00	0.00	3,861,663.67
		% Balance		0.35%	0.03%	0.00%	0.38%
		# Loans		16	1	0	17
		% # Loans		0.30%	0.02%	0.00%	0.32%
	FORECLOSURE	Balance	694,803.96	0.00	0.00	0.00	694,803.96
		% Balance	0.07%	0.00%	0.00%	0.00%	0.07%
		# Loans	3	0	0	0	3
		% # Loans	0.06%	0.00%	0.00%	0.00%	0.06%
	BANKRUPTCY	Balance	28,966.70	0.00	0.00	0.00	28,966.70
		% Balance	0.00%	0.00%	0.00%	0.00%	0.00%
		# 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	723,770.66	3,517,663.67	344,000.00	0.00	4,585,434.33
		% Balance	0.07%	0.35%	0.03%	0.00%	0.45%
		# Loans	4	16	1	0	21
		% # Loans	0.07%	0.30%	0.02%	0.00%	0.39%

Page 11 of 27

Soundview Home Equity Loan Trust 2006-OPT1



Mortgage Pass-Through Certificates

May 25, 2006 Distribution


	GROUP 1
			< 1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
	DELINQUENT	Balance		2,079,912.42	0.00	0.00	2,079,912.42
		% Balance		0.36%	0.00%	0.00%	0.36%
		# Loans		10	0	0	10
		% # Loans		0.30%	0.00%	0.00%	0.30%
	FORECLOSURE	Balance	148,198.06	0.00	0.00	0.00	148,198.06
		% Balance	0.03%	0.00%	0.00%	0.00%	0.03%
		# Loans	1	0	0	0	1
		% # Loans	0.03%	0.00%	0.00%	0.00%	0.03%
	BANKRUPTCY	Balance	0.00	0.00	0.00	0.00	0.00
		% Balance	0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans	0	0	0	0	0
		% # Loans	0.00%	0.00%	0.00%	0.00%	0.00%
	REO	Balance	0.00	0.00	0.00	0.00	0.00
		% Balance	0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans	0	0	0	0	0
		% # Loans	0.00%	0.00%	0.00%	0.00%	0.00%
	TOTAL	Balance	148,198.06	2,079,912.42	0.00	0.00	2,228,110.48
		% Balance	0.03%	0.36%	0.00%	0.00%	0.39%
		# Loans	1	10	0	0	11
		% # Loans	0.03%	0.30%	0.00%	0.00%	0.33%

Page 12 of 27

Soundview Home Equity Loan Trust 2006-OPT1



Mortgage Pass-Through Certificates

May 25, 2006 Distribution


	GROUP 2
			< 1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
	DELINQUENT	Balance		1,437,751.25	344,000.00	0.00	1,781,751.25
		% Balance		0.33%	0.08%	0.00%	0.41%
		# Loans		6	1	0	7
		% # Loans		0.30%	0.05%	0.00%	0.35%
	FORECLOSURE	Balance	546,605.90	0.00	0.00	0.00	546,605.90
		% Balance	0.12%	0.00%	0.00%	0.00%	0.12%
		# Loans	2	0	0	0	2
		% # Loans	0.10%	0.00%	0.00%	0.00%	0.10%
	BANKRUPTCY	Balance	28,966.70	0.00	0.00	0.00	28,966.70
		% Balance	0.01%	0.00%	0.00%	0.00%	0.01%
		# Loans	1	0	0	0	1
		% # Loans	0.05%	0.00%	0.00%	0.00%	0.05%
	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	575,572.60	1,437,751.25	344,000.00	0.00	2,357,323.85
		% Balance	0.13%	0.33%	0.08%	0.00%	0.54%
		# Loans	3	6	1	0	10
		% # Loans	0.15%	0.30%	0.05%	0.00%	0.50%

Page 13 of 27

Soundview Home Equity Loan Trust 2006-OPT1

Mortgage Pass-Through Certificates

May 25, 2006 Distribution

REO Report

Loan Number

Original

Stated

Current

State &

First

Principal

Paid to

Note

LTV at

Original

Payment

Loan Group

Balance

Date

Rate

Origination

Term

Date

Page 14 of 27

Soundview Home Equity Loan Trust 2006-OPT1

Mortgage Pass-Through Certificates

May 25, 2006 Distribution

Foreclosure Report

Loan Number

Original

Stated

Current

State &

First

Principal

Paid to

Note

LTV at

Original

Payment

Loan Group

Balance

Date

Rate

Origination

Term

Date

Became Foreclosure Property this Period:

51061901 1

148,500.00

148,198.06

01-Mar-2006

9.400%

GA - 89.91%

360

01-Feb-2006

81059868 2

297,000.00

01-Mar-2006

7.800%

VA - 90.00%

360

01-Jan-2006

231077217 2

250,000.00

249,605.90

01-Mar-2006

10.600%

NY - 52.26%

360

01-Feb-2006

TOTAL

695,500.00

694,803.96

Page 15 of 27

Soundview Home Equity Loan Trust 2006-OPT1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
May 25, 2006 Distribution

Prepayment Report

VOLUNTARY PREPAYMENTS



		Group 2		Group 1		Total


Current


Number of Paid in Full Loans	39		27		66
Number of Repurchased Loans	0		0		0
Total Number of Loans Prepaid in Full	39		27		66
Curtailments Amount	19,214.23		20,295.05		39,509.28
Paid in Full Balance	13,420,146.03		5,923,871.38		19,344,017.41
Repurchased Loans Balance	0.00		0.00		0.00
Total Prepayment Amount	13,439,360.26		5,944,166.43		19,383,526.69
Cumulative


Number of Paid in Full Loans	68		54		122
Number of Repurchased Loans	0		0		0
Total Number of Loans Prepaid in Full	68		54		122
Paid in Full Balance	20,946,114.43		10,862,973.75		31,809,088.18
Repurchased Loans Balance	0.00		0.00		0.00
Curtailments Amount	48,509.31		50,374.54		98,883.85
Total Prepayment Amount	20,994,623.74		10,913,348.29		31,907,972.03

Page 16 of 27

Soundview Home Equity Loan Trust 2006-OPT1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
May 25, 2006 Distribution


VOLUNTARY PREPAYMENTS RATES



		Group 2		Group 1		Total





SMM	2.98%		1.02%		1.88%
3 Months Avg SMM	2.32%		0.93%		1.54%
12 Months Avg SMM	2.32%		0.93%		1.54%
Avg SMM Since Cut-off	2.32%		0.93%		1.54%



CPR	30.45%		11.58%		20.33%
3 Months Avg CPR	24.52%		10.64%		16.96%
12 Months Avg CPR	24.52%		10.64%		16.96%
Avg CPR Since Cut-off	24.52%		10.64%		16.96%



PSA	3,735.98%		1,560.31%		2,627.33%
3 Months Avg PSA Approximation	3,431.96%		1,655.34%		2,517.42%
12 Months Avg PSA Approximation	3,431.96%		1,655.34%		2,517.42%
Avg PSA Since Cut-off Approximation	3,431.96%		1,655.34%		2,517.42%

Page 17 of 27

Soundview Home Equity Loan Trust 2006-OPT1

Mortgage Pass-Through Certificates

May 25, 2006 Distribution

PREPAYMENT CALCULATION METHODOLOGY

Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases + Liquidation Balance)/(Beg Principal Balance - Sched Principal)

Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)

PSA Standard Prepayment Model: CPR/(0.02*min(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)

Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12)

Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.02*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)

Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments and repurchases.

Dates correspond to distribution dates.

Page 18 of 27

Soundview Home Equity Loan Trust 2006-OPT1



Mortgage Pass-Through Certificates

May 25, 2006 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

31039853 2		459,000.00	457,840.95	17-Apr-2006		8.350%		CA - 84.84%		Paid Off - 360		01-Jan-2006

31040123 2		243,000.00	242,261.94	11-May-2006		9.400%		CA - 89.86%		Paid Off - 360		01-Jan-2006
31040696 1		250,500.00	250,366.81	01-May-2006		9.650%		CA - 67.68%		Paid Off - 360		01-Feb-2006
31041164 2		160,000.00	159,941.61	15-May-2006		11.750%		CA - 72.11%		Paid Off - 360		15-Mar-2006
61063953 2		252,700.00	252,700.00	17-Apr-2006		8.850%		VA - 95.00%		Paid Off - 360		01-Feb-2006
71069249 1		216,900.00	216,374.18	20-Apr-2006		8.550%		FL - 99.82%		Paid Off - 360		01-Jan-2006
121045430 2		148,200.00	148,198.00	19-Apr-2006		10.200%		MN - 95.00%		Paid Off - 360		01-Feb-2006
121045573 2		210,000.00	209,825.01	09-May-2006		10.300%		MN - 74.97%		Paid Off - 360		01-Mar-2006
121045622 2		104,500.00	104,425.14	15-May-2006		11.000%		WI - 84.24%		Paid Off - 360		01-Mar-2006
141052707 2		576,000.00	574,956.49	10-May-2006		8.550%		CT - 89.89%		Paid Off - 360		01-Feb-2006
151031438 2		358,400.00	358,400.00	08-May-2006		7.350%		MD - 80.00%		Paid Off - 360		01-Feb-2006
151031439 2		89,600.00	89,510.38	08-May-2006		11.350%		MD - 99.99%		Paid Off - 360		01-Feb-2006
161046870 2		170,000.00	169,570.10	01-May-2006		8.400%		MA - 37.71%		Paid Off - 360		01-Jan-2006
161047206 1		216,750.00	216,262.44	11-May-2006		8.000%		MA - 84.87%		Paid Off - 360		01-Feb-2006
161047221 2		775,000.00	773,426.39	12-May-2006		7.990%		MA - 70.36%		Paid Off - 360		01-Feb-2006
161047282 2		57,600.00	57,539.85	04-May-2006		12.050%		MA - 99.99%		Paid Off - 360		01-Feb-2006
161047302 1		168,750.00	168,416.19	02-May-2006		8.750%		MA - 74.90%		Paid Off - 360		01-Feb-2006
161047576 2		331,500.00	331,113.20	24-Apr-2006		8.700%		MA - 84.95%		Paid Off - 360		01-Mar-2006
171030456 2		360,000.00	359,878.53	09-May-2006		9.800%		AZ - 89.98%		Paid Off - 360		01-Mar-2006
211038371 2		29,980.00	29,860.03	03-May-2006		8.660%		TN - 99.93%		Paid Off - 360		01-Jan-2006
211039136 2		688,000.00	688,000.00	20-Apr-2006		8.100%		MD - 80.00%		Paid Off - 360		01-Feb-2006
231075745 2		78,790.00	78,703.08	08-May-2006		10.900%		FL - 99.99%		Paid Off - 360		01-Feb-2006
231076942 2		665,000.00	665,000.00	02-May-2006		8.500%		MA - 93.01%		Paid Off - 360		01-Feb-2006
271026711 1		111,000.00	110,939.61	05-May-2006		8.190%		NJ - 52.84%		Paid Off - 360		01-Mar-2006
281018195 1		86,400.00	86,280.65	20-Apr-2006		9.850%		NJ - 79.72%		Paid Off - 360		01-Feb-2006
281018196 2		21,600.00	21,581.88	20-Apr-2006		12.150%		NJ - 99.99%		Paid Off - 360		01-Feb-2006
311029734 2		800,000.00	799,201.53	04-May-2006		9.450%		NJ - 79.96%		Paid Off - 360		01-Mar-2006
311029849 1		395,000.00	394,529.48	17-Apr-2006		8.600%		NJ - 82.24%		Paid Off - 360		01-Mar-2006
331044092 2		50,000.00	49,974.27	12-May-2006		12.500%		NY - 78.00%		Paid Off - 360		01-Mar-2006
341029228 1		122,075.00	121,900.29	19-Apr-2006		9.780%		AL - 94.91%		Paid Off - 360		01-Feb-2006
341029757 1		412,500.00	411,638.42	27-Apr-2006		7.850%		SC - 74.90%		Paid Off - 360		01-Feb-2006
381025952 1		125,000.00	124,665.71	27-Apr-2006		6.600%		CT - 59.14%		Paid Off - 360		01-Feb-2006
381026442 2		494,000.00	494,000.00	21-Apr-2006		9.500%		MA - 95.00%		Paid Off - 360		01-Mar-2006
511041762 2		671,200.00	669,264.80	08-May-2006		8.100%		CA - 79.84%		Paid Off - 360		01-Jan-2006
511042610 2		287,250.00	286,959.51	04-May-2006		11.300%		AZ - 74.95%		Paid Off - 360		01-Feb-2006
521032214 1		28,000.00	27,646.82	21-Apr-2006		12.050%		IN - 99.99%		Paid Off - 360		01-Feb-2006
521032837 1		256,000.00	255,545.64	10-May-2006		8.650%		IL - 79.91%		Paid Off - 360		01-Feb-2006
561004705 2		367,979.00	366,602.65	27-Apr-2006		7.700%		FL - 79.79%		Paid Off - 360		01-Jan-2006
561005050 2		238,507.00	238,088.05	17-Apr-2006		8.700%		FL - 94.89%		Paid Off - 360		01-Feb-2006
581005162 2		448,000.00	446,955.59	28-Apr-2006		7.300%		CA - 79.88%		Paid Off - 360		01-Feb-2006


Page 19 of 27

Soundview Home Equity Loan Trust 2006-OPT1



Mortgage Pass-Through Certificates

May 25, 2006 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

581005579 2		75,000.00	74,913.62	20-Apr-2006		10.700%		CA - 70.27%		Paid Off - 360		01-Feb-2006

621013981 2		38,000.00	37,980.68	28-Apr-2006		12.550%		FL - 99.99%		Paid Off - 360		01-Mar-2006
621014141 1		130,000.00	129,913.55	27-Apr-2006		8.900%		FL - 72.19%		Paid Off - 360		01-Feb-2006
621014317 1		220,000.00	219,893.84	04-May-2006		8.600%		FL - 59.45%		Paid Off - 360		01-Mar-2006
631011634 1		282,000.00	281,792.10	15-May-2006		8.550%		CA - 73.79%		Paid Off - 360		01-Feb-2006
641015031 1		161,250.00	161,031.47	11-May-2006		8.200%		AZ - 66.59%		Paid Off - 360		01-Mar-2006
651014845 2		50,000.00	49,958.72	02-May-2006		12.220%		SC - 79.96%		Paid Off - 360		01-Feb-2006
661011145 2		286,456.80	286,456.80	19-Apr-2006		6.500%		CA - 80.00%		Paid Off - 360		01-Jan-2006
661013552 2		1,120,000.00	1,119,141.71	19-Apr-2006		6.990%		CA - 78.57%		Paid Off - 360		01-Mar-2006
671009179 1		359,484.00	358,479.61	17-Apr-2006		7.850%		CA - 73.21%		Paid Off - 360		01-Jan-2006
681007718 1		140,000.00	139,820.98	15-May-2006		8.990%		ME - 79.94%		Paid Off - 360		01-Mar-2006
681009994 1		333,000.00	331,892.88	20-Apr-2006		6.990%		MA - 89.78%		Paid Off - 360		01-Jan-2006
681010650 1		175,500.00	175,272.57	17-Apr-2006		8.400%		ME - 89.94%		Paid Off - 360		01-Mar-2006
681010708 2		89,500.00	89,421.13	11-May-2006		11.925%		MA - 99.99%		Paid Off - 360		01-Feb-2006
691006412 1		345,990.00	344,942.86	10-May-2006		7.450%		VA - 51.52%		Paid Off - 360		01-Jan-2006
691006743 1		60,450.00	60,384.03	25-Apr-2006		10.950%		PA - 38.97%		Paid Off - 360		01-Feb-2006
691006763 2		235,450.00	235,448.00	25-Apr-2006		8.550%		MD - 84.09%		Paid Off - 360		01-Feb-2006
711009354 1		50,000.00	49,343.34	27-Apr-2006		9.040%		VT - 38.49%		Paid Off - 360		01-Feb-2006
721009294 1		234,500.00	233,818.03	19-Apr-2006		7.650%		AZ - 69.85%		Paid Off - 360		01-Jan-2006
731014001 2		735,000.00	735,000.00	05-May-2006		7.900%		NC - 79.37%		Paid Off - 360		01-Mar-2006
831054808 1		297,000.00	297,000.00	05-May-2006		6.990%		CA - 90.00%		Paid Off - 360		01-Jan-2006
831054834 2		1,200,000.00	1,199,998.00	12-May-2006		8.990%		CA - 54.55%		Paid Off - 360		01-Feb-2006
851002458 1		320,000.00	319,408.28	10-May-2006		8.450%		NJ - 84.11%		Paid Off - 360		01-Feb-2006
851002550 1		437,500.00	436,311.60	25-Apr-2006		7.990%		NJ - 74.63%		Paid Off - 360		01-Jan-2006
861000399 2		414,000.00	413,115.71	20-Apr-2006		7.750%		FL - 89.87%		Paid Off - 360		01-Feb-2006
861000530 2		55,001.00	54,932.68	01-May-2006		10.350%		FL - 49.96%		Paid Off - 360		01-Feb-2006


TOTAL		19,369,762.80	19,344,017.41

Page 20 of 27

Soundview Home Equity Loan Trust 2006-OPT1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
May 25, 2006 Distribution

Realized Loss Report

COLLATERAL REALIZED LOSSES



		Group 2		Group 1		Total


Current





Subsequent Recoveries	0.00		0.00		0.00
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
Cumulative Subsequent Recoveries	0.00		0.00		0.00

Page 21 of 27

Soundview Home Equity Loan Trust 2006-OPT1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
May 25, 2006 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 27

Soundview Home Equity Loan Trust 2006-OPT1

Mortgage Pass-Through Certificates

May 25, 2006 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 27

Soundview Home Equity Loan Trust 2006-OPT1

Mortgage Pass-Through Certificates

May 25, 2006 Distribution

Realized Loss Detail Report

Loan Number

Current

State &

Prior

Realized

Cumulative

Loan

Note

LTV at

Original

Principal

Loss/(Gain)

Realized

Loan Group

Status

Rate

Origination

Term

Balance

Revision

Loss/(Gain)

TOTAL

Page 24 of 27

Soundview Home Equity Loan Trust 2006-OPT1

Mortgage Pass-Through Certificates

May 25, 2006 Distribution

Triggers and Adj. Cert. Report

TRIGGER EVENTS

Group 2

Group 1

Total

Trigger Event in effect

Stepdown Date has occurred

Credit Enhancement Percentage (Step Down)

21.6800%

Delinquency Percentage

0.1025%

Realized Loss Percentage

0.0000%

Ending Balance

1,013,942,541.80

Senior Credit Enhancement Percentage

21.2639%

ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK

ADDITIONAL INFORMATION

Group 2

Group 1

Total

LIBOR Rate Determination Date

04/21/2006

Libor For Current Period

4.95938%

NEXT LIBOR Rate Determination Date

05/23/2006

Libor For Next Period

5.08125%

Page 25 of 27

Soundview Home Equity Loan Trust 2006-OPT1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
May 25, 2006 Distribution

Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

		Next Pass Through Rate	NET WAC Shortfall CarryOver	NET WAC Shortfall Paid
CLASS

	I-A-1	5.26%	$0.00	$0.00
		5.26%	$0.00	$0.00
	II-A-1	5.15%	$0.00	$0.00
		5.15%	$0.00	$0.00
	II-A-2	5.20%	$0.00	$0.00
		5.20%	$0.00	$0.00
	II-A-3	5.26%	$0.00	$0.00
		5.26%	$0.00	$0.00
	II-A-4	5.35%	$0.00	$0.00
		5.35%	$0.00	$0.00
	M-1	5.43%	$0.00	$0.00
		5.43%	$0.00	$0.00
	M-2	5.47%	$0.00	$0.00
		5.47%	$0.00	$0.00
	M-3	5.56%	$0.00	$0.00
		5.56%	$0.00	$0.00
	M-4	5.58%	$0.00	$0.00
		5.58%	$0.00	$0.00
	M-5	5.65%	$0.00	$0.00
		5.65%	$0.00	$0.00
	M-6	6.18%	$0.00	$0.00
		6.18%	$0.00	$0.00
	M-7	6.38%	$0.00	$0.00
		6.38%	$0.00	$0.00
	M-8	7.38%	$0.00	$0.00
		7.38%	$0.00	$0.00
	M-9	7.58%	$0.00	$0.00
		7.58%	$0.00	$0.00
	M-10	7.58%	$0.00	$0.00
		7.58%	$0.00	$0.00
	M-11	5.00%	$0.00	$0.00
		5.00%	$0.00	$0.00
	C	0.00%	$0.00	$0.00
		0.00%	$0.00	$0.00
	P	0.00%	$0.00	$0.00
		0.00%	$0.00	$0.00
	R	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




Page 26 of 27

Soundview Home Equity Loan Trust 2006-OPT1

Mortgage Pass-Through Certificates

May 25, 2006 Distribution

Other Related Information

ADDITIONAL INFORMATION

SPACE INTENTIONALLY LEFT BLANK

Page 27 of 27

SOUNDVIEW HOME LOAN TRUST 2006-OPT1 10-D