Soundview Home Loan Trust 2006-1

Asset Backed Certificates

June 26, 2006 Distribution

External Parties

Table of Contents

Page

Seller

Greenwich Capital Financial Products Inc

1. Certificate Payment Report

2. Collection Account Report

Servicer(s)

3. Credit Enhancement Report

Litton Loan Servicing

4. Collateral Report

5. Delinquency Report

Underwriter(s)

6. REO Report

Greenwich Capital Markets

7. Foreclosure Report

8. Prepayment Report

9. Prepayment Detail Report

10. Realized Loss Report

11. Realized Loss Detail Report

12. Triggers and Adj. Cert. Report

13. Additional Certificate Report

14. Other Related Information

Total Number of Pages

Dates

Contacts

Cut-Off Date:

January 01, 2006

Eiko Akiyama

Close Date:

February 16, 2006

Administrator

First Distribution Date:

February 27, 2006

(714) 247-6328

Eiko.Akiyama@db.com

Address:

Distribution Date:

June 26, 2006

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

Record Date:

May 31, 2006

Factor Information:

(800) 735-7777

June 23, 2006

Main Phone Number:

(714) 247-6000

Determination Date

June 15, 2006

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

Page 1 of 27

Soundview Home Loan Trust 2006-1



Asset Backed Certificates
Asset Backed Certificates
June 26, 2006 Distribution

Certificate Payment Report
Current Period Distribution - Master Remic
				Prior						Current
	Class		Original	Principal			Total	Realized	Deferred	Principal
	Class		Original	Principal			Total	Realized	Deferred	Principal
Class	Type	Cur	Face Value	Balance	Interest	Principal	Distribution	Loss	Interest	Balance

			(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)
			(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)
A-1	STEP	$	237,630,000.00	198,771,203.95	910,151.26	15,954,339.92	16,864,491.18	0.00	0.00	182,816,864.03
A-1	STEP	$	237,630,000.00	198,771,203.95	910,151.26	15,954,339.92	16,864,491.18	0.00	0.00	182,816,864.03
A-2	STEP	$	124,720,000.00	124,720,000.00	578,839.38	0.00	578,839.38	0.00	0.00	124,720,000.00
A-3	STEP	$	166,490,000.00	166,490,000.00	780,098.14	0.00	780,098.14	0.00	0.00	166,490,000.00
A-4	STEP	$	45,076,000.00	45,076,000.00	215,613.53	0.00	215,613.53	0.00	0.00	45,076,000.00
A-5	STEP	$	35,460,000.00	35,460,000.00	169,932.20	0.00	169,932.20	0.00	0.00	35,460,000.00
M-1	SUB	$	23,512,000.00	23,512,000.00	114,764.68	0.00	114,764.68	0.00	0.00	23,512,000.00
M-2	SUB	$	14,647,000.00	14,647,000.00	71,884.22	0.00	71,884.22	0.00	0.00	14,647,000.00
M-3	SUB	$	17,730,000.00	17,730,000.00	88,748.50	0.00	88,748.50	0.00	0.00	17,730,000.00
M-4	SUB	$	15,032,000.00	15,032,000.00	75,777.98	0.00	75,777.98	0.00	0.00	15,032,000.00
M-5	SUB	$	13,490,000.00	13,490,000.00	69,323.61	0.00	69,323.61	0.00	0.00	13,490,000.00
M-6	SUB	$	11,949,000.00	11,949,000.00	67,246.32	0.00	67,246.32	0.00	0.00	11,949,000.00
M-7	SUB	$	10,792,000.00	10,792,000.00	63,133.20	0.00	63,133.20	0.00	0.00	10,792,000.00
M-8	SUB	$	11,563,000.00	11,563,000.00	77,921.77	0.00	77,921.77	0.00	0.00	11,563,000.00
M-9	SUB	$	11,563,000.00	11,563,000.00	77,921.77	0.00	77,921.77	0.00	0.00	11,563,000.00
M-10	SUB	$	5,782,000.00	5,782,000.00	38,964.26	0.00	38,964.26	0.00	0.00	5,782,000.00
B	SUB	$	10,021,000.00	10,021,000.00	67,530.41	0.00	67,530.41	0.00	0.00	10,021,000.00
C	SUB	$	15,418,653.12	15,417,515.06	943,441.27	0.00	943,441.27	0.00	0.00	15,417,515.06
P	$	100.00	100.00	290,898.67	0.00	290,898.67	0.00	0.00	100.00
R	$	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


Total		770,875,753.12	732,015,819.01	4,702,191.17	15,954,339.92	20,656,531.09	0.00	0.00	716,061,479.09
Total





Page 2 of 27

Soundview Home Loan Trust 2006-1



Asset Backed Certificates
Asset Backed Certificates
June 26, 2006 Distribution


Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face-
					Orig. Principal	Prior				Current
					Orig. Principal	Prior				Current
	Period	Period			(with Notional)	Principal			Total	Principal
Class	Starting	Ending	Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
			Method
					(1)	(1)	(2)	(3)	(4)=(2)+(3)	(5)

A-1	05/25/06	06/25/06	A-Act/360	83611MKV9	237,630,000.00	836.473526	3.830119	67.139418	70.969537	769.334108
A-1	05/25/06	06/25/06	A-Act/360	83611MKV9	237,630,000.00	836.473526	3.830119	67.139418	70.969537	769.334108
A-2	05/25/06	06/25/06	A-Act/360	83611MKW7	124,720,000.00	1,000.000000	4.641111	0.000000	4.641111	1,000.000000
A-3	05/25/06	06/25/06	A-Act/360	83611MKX5	166,490,000.00	1,000.000000	4.685556	0.000000	4.685556	1,000.000000
A-4	05/25/06	06/25/06	A-Act/360	83611MKY3	45,076,000.00	1,000.000000	4.783333	0.000000	4.783333	1,000.000000
A-5	05/25/06	06/25/06	A-Act/360	83611MKZ0	35,460,000.00	1,000.000000	4.792222	0.000000	4.792222	1,000.000000
M-1	05/25/06	06/25/06	A-Act/360	83611MLA4	23,512,000.00	1,000.000000	4.881111	0.000000	4.881111	1,000.000000
M-2	05/25/06	06/25/06	A-Act/360	83611MLB2	14,647,000.00	1,000.000000	4.907778	0.000000	4.907778	1,000.000000
M-3	05/25/06	06/25/06	A-Act/360	83611MLC0	17,730,000.00	1,000.000000	5.005556	0.000000	5.005556	1,000.000000
M-4	05/25/06	06/25/06	A-Act/360	83611MLD8	15,032,000.00	1,000.000000	5.041111	0.000000	5.041111	1,000.000000
M-5	05/25/06	06/25/06	A-Act/360	83611MLE6	13,490,000.00	1,000.000000	5.138889	0.000000	5.138889	1,000.000000
M-6	05/25/06	06/25/06	A-Act/360	83611MLF3	11,949,000.00	1,000.000000	5.627778	0.000000	5.627778	1,000.000000
M-7	05/25/06	06/25/06	A-Act/360	83611MLG1	10,792,000.00	1,000.000000	5.850000	0.000000	5.850000	1,000.000000
M-8	05/25/06	06/25/06	A-Act/360	83611MLH9	11,563,000.00	1,000.000000	6.738889	0.000000	6.738889	1,000.000000
M-9	05/25/06	06/25/06	A-Act/360	83611MLJ5	11,563,000.00	1,000.000000	6.738889	0.000000	6.738889	1,000.000000
M-10	05/25/06	06/25/06	A-Act/360	83611MLK2	5,782,000.00	1,000.000000	6.738890	0.000000	6.738890	1,000.000000
B	05/25/06	06/25/06	A-Act/360	83611MLL0	10,021,000.00	1,000.000000	6.738889	0.000000	6.738889	1,000.000000
C	05/01/06	05/30/06	A-30/360	83611MLM8	786,304,406.24	19.607565	1.199842	0.000000	1.199842	19.607565
P	05/01/06	05/30/06	F-30/360	83611MLN6	100.00	1,000.000000	2,908,986.700000	0.000000	2,908,986.700000	1,000.000000
R	05/01/06	05/30/06	A-30/360	83611MLP1	0.00	0.000000	0.000000	0.000000	0.000000	0.000000
R-X	05/01/06	05/30/06	A-30/360	83611MLQ9	0.00	0.000000	0.000000	0.000000	0.000000	0.000000




Page 3 of 27

Soundview Home Loan Trust 2006-1



Asset Backed Certificates
Asset Backed Certificates
June 26, 2006 Distribution


Distribution to Date - Master Remic
									Current


	Original		Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal

Class	Face Value	Interest	Principal	Principal	Principal	Distribution	Loss	Interest	Balance
(1)	(2)	(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)
A-1	237,630,000.00	3,819,251.15	52,721,627.57	2,091,508.41	54,813,135.97	58,632,387.12	0.00	0.00	182,816,864.03
A-2	124,720,000.00	2,211,752.64	0.00	0.00	0.00	2,211,752.64	0.00	0.00	124,720,000.00
A-3	166,490,000.00	2,982,089.37	0.00	0.00	0.00	2,982,089.37	0.00	0.00	166,490,000.00
A-4	45,076,000.00	825,009.51	0.00	0.00	0.00	825,009.51	0.00	0.00	45,076,000.00
A-5	35,460,000.00	650,272.19	0.00	0.00	0.00	650,272.19	0.00	0.00	35,460,000.00
M-1	23,512,000.00	439,527.32	0.00	0.00	0.00	439,527.32	0.00	0.00	23,512,000.00
M-2	14,647,000.00	275,369.62	0.00	0.00	0.00	275,369.62	0.00	0.00	14,647,000.00
M-3	17,730,000.00	340,265.70	0.00	0.00	0.00	340,265.70	0.00	0.00	17,730,000.00
M-4	15,032,000.00	290,624.85	0.00	0.00	0.00	290,624.85	0.00	0.00	15,032,000.00
M-5	13,490,000.00	266,088.30	0.00	0.00	0.00	266,088.30	0.00	0.00	13,490,000.00
M-6	11,949,000.00	259,059.24	0.00	0.00	0.00	259,059.24	0.00	0.00	11,949,000.00
M-7	10,792,000.00	243,567.89	0.00	0.00	0.00	243,567.89	0.00	0.00	10,792,000.00
M-8	11,563,000.00	302,081.70	0.00	0.00	0.00	302,081.70	0.00	0.00	11,563,000.00
M-9	11,563,000.00	302,081.70	0.00	0.00	0.00	302,081.70	0.00	0.00	11,563,000.00
M-10	5,782,000.00	151,053.93	0.00	0.00	0.00	151,053.93	0.00	0.00	5,782,000.00
B	10,021,000.00	261,797.19	0.00	0.00	0.00	261,797.19	0.00	0.00	10,021,000.00
C	15,418,653.12	9,236,153.92	1,014.83	123.22	1,138.06	9,237,291.98	0.00	0.00	15,417,515.06
P	100.00	688,641.07	0.00	0.00	0.00	688,641.07	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	770,875,753.12	23,544,687.29	52,722,642.40	2,091,631.63	54,814,274.03	78,358,961.32	0.00	0.00	716,061,479.09


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

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

Class	Rate	Balance	Interest	Interest SF	Interest	Adjustment	Interest	Interest	Interest
			(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)
A-1	5.15125%	198,771,203.95	910,151.26	0.00	0.00	0.00	910,151.26	910,151.26	0.00
A-2	5.22125%	124,720,000.00	578,839.38	0.00	0.00	0.00	578,839.38	578,839.38	0.00
A-3	5.27125%	166,490,000.00	780,098.14	0.00	0.00	0.00	780,098.14	780,098.14	0.00
A-4	5.38125%	45,076,000.00	215,613.53	0.00	0.00	0.00	215,613.53	215,613.53	0.00
A-5	5.39125%	35,460,000.00	169,932.20	0.00	0.00	0.00	169,932.20	169,932.20	0.00
M-1	5.49125%	23,512,000.00	114,764.68	0.00	0.00	0.00	114,764.68	114,764.68	0.00
M-2	5.52125%	14,647,000.00	71,884.22	0.00	0.00	0.00	71,884.22	71,884.22	0.00
M-3	5.63125%	17,730,000.00	88,748.50	0.00	0.00	0.00	88,748.50	88,748.50	0.00
M-4	5.67125%	15,032,000.00	75,777.98	0.00	0.00	0.00	75,777.98	75,777.98	0.00
M-5	5.78125%	13,490,000.00	69,323.61	0.00	0.00	0.00	69,323.61	69,323.61	0.00
M-6	6.33125%	11,949,000.00	67,246.32	0.00	0.00	0.00	67,246.32	67,246.32	0.00
M-7	6.58125%	10,792,000.00	63,133.20	0.00	0.00	0.00	63,133.20	63,133.20	0.00
M-8	6.84269%	11,563,000.00	70,330.69	0.00	0.00	0.00	70,330.69	77,921.77	0.00
M-9	6.84269%	11,563,000.00	70,330.69	0.00	0.00	0.00	70,330.69	77,921.77	0.00
M-10	6.84269%	5,782,000.00	35,168.39	0.00	0.00	0.00	35,168.39	38,964.26	0.00
B	6.84269%	10,021,000.00	60,951.64	0.00	0.00	0.00	60,951.64	67,530.41	0.00
C	73.43139%	15,417,515.06	19,870.50	-13,264,442.87	9,822,148.43	0.00	23,106,461.80	943,441.27	22,163,020.53
P	3,490,784.04000%	100.00	0.00	0.00	0.00	0.00	0.00	290,898.67	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		732,015,819.01	3,462,164.93	-13,264,442.87	9,822,148.43	0.00	26,548,756.23	4,702,191.17	22,163,020.53



Page 4 of 27

Soundview Home Loan Trust 2006-1

Asset Backed Certificates

June 26, 2006 Distribution

Collection Account Report

SUMMARY

Total

Principal Collections

15,954,339.92

Principal Withrawals

0.00

Principal Other Accounts

0.00

TOTAL NET PRINCIPAL

15,954,339.92

Interest Collections

4,452,107.41

Interest Withdrawals

-5,507.34

Interest Other Accounts

290,898.67

Interest Fees

-35,307.57

TOTAL NET INTEREST

4,702,191.17

TOTAL AVAILABLE FUNDS FOR DISTRIBUTION

20,656,531.09

PRINCIPAL - COLLECTIONS

Total

Scheduled Principal Received

406,908.91

Curtailments

33,046.11

Prepayments In Full

11,315,758.53

Repurchased/Substitutions

4,198,626.37

Liquidations

0.00

Other Additional Principal

0.00

Delinquent Principal

-366,694.68

Realized Losses

-0.00

Advanced Principal

366,694.68

TOTAL PRINCIPAL COLLECTED

15,954,339.92

PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK

PRINCIPAL - OTHER ACCOUNTS

SPACE INTENTIONALLY LEFT BLANK

Page 5 of 27

Soundview Home Loan Trust 2006-1

Asset Backed Certificates

June 26, 2006 Distribution

INTEREST - COLLECTIONS

Total

Scheduled Interest

4,713,517.46

Repurchased/Substitution Interest

30,087.51

Liquidation Interest

0.00

Other Additional Interest

0.00

Prepayment Interest Shortfalls

-7,874.78

Delinquent Interest

-4,198,868.92

Interest Realized Loss

0.00

Compensating Interest

7,874.77

Civil Relief Act Shortfalls

-299.31

Interest Advanced

3,907,670.67

TOTAL INTEREST COLLECTED

4,452,107.41

INTEREST - WITHDRAWALS

Total

NON Recoverable Advances

5,507.34

TOTAL INTEREST WITHDRAWALS

5,507.34

INTEREST - OTHER ACCOUNTS

Total

Prepayment Charges

290,898.67

Cap Payment

0.00

Interest Swap Payment

0.00

Interest Swap Reciept

0.00

Swap Termination Payment

0.00

TOTAL INTEREST OTHER ACCOUNTS

290,898.67

INTEREST FEES

Total

Current Servicing Fees

35,307.57

TOTAL INTEREST FEES

35,307.57

Page 6 of 27

Soundview Home Loan Trust 2006-1

Asset Backed Certificates

June 26, 2006 Distribution

Credit Enhancement Report

ACCOUNTS

Net WAC Rate Carryover Reserve Account

Beginning Account Balance

0.00

Account Deposit

25,556.79

Account Payment Due

0.00

Account Withdrawls

25,556.79

Ending Account Balance

0.00

SWAP ACCOUNT

Beginning Account Balance

0.00

Account Deposit

0.00

Account Payment Due

0.00

Earnings

0.00

Ending Account Balance

0.00

INSURANCE

SPACE INTENTIONALLY LEFT BLANK

STRUCTURAL FEATURES

Total

Overcollateralization Target Amount

15,417,515.06

Overcollateralization Amount (Beginning)

15,417,515.06

Overcollateralization Deficiency Amount

0.00

Overcollateralization Release Amount

0.00

Overcollateralization Amount (Ending)

15,417,515.06

Overcollateralization Deficiency (Ending)

0.00

Excess Overcollateralization (Ending)

0.00

Net Monthly Excess Cashflow

968,998.00

Page 7 of 27

Soundview Home Loan Trust 2006-1



Asset Backed Certificates
Asset Backed Certificates
June 26, 2006 Distribution

Collateral Report


COLLATERAL




		Total



Loan Count:


Original	4,651
Prior	4,461
Prefunding	0
Scheduled Paid Offs	-0
Full Voluntary Prepayments	-68
Repurchases	-32
Liquidations	-0
Current	4,361
Principal Balance:


Original	770,875,753.12
Prior	732,015,819.01
Prefunding	0.00
Scheduled Principal	-406,908.91
Partial Prepayments	-33,046.11
Full Voluntary Prepayments	-11,315,758.53
Repurchases	-4,198,626.37
Liquidations	-0.00
Current	716,061,479.09





PREFUNDING

	Total
Prefunding Account Original Balance	0.00
Prefunding Account Beginning Balance	0.00
Subsequent Loans Added to the Pool	0.00
Prefund Release to Certificate Holders	0.00
Prefunding Account Ending Balance	0.00
Interest Coverage Account Balance	0.00

Page 8 of 27

Soundview Home Loan Trust 2006-1



Asset Backed Certificates
Asset Backed Certificates
June 26, 2006 Distribution


CHARACTERISTICS
CHARACTERISTICS

							Total
Weighted Average Coupon Original							7.78473%
Weighted Average Coupon Prior							7.77280%
Weighted Average Coupon Current							7.76868%
Weighted Average Months to Maturity Original							347
Weighted Average Months to Maturity Prior							344
Weighted Average Months to Maturity Current							343
Weighted Avg Remaining Amortization Term Original							371
Weighted Avg Remaining Amortization Term Prior							368
Weighted Avg Remaining Amortization Term Current							367
Weighted Average Seasoning Original							2.30
Weighted Average Seasoning Prior							5.30
Weighted Average Seasoning Current							6.29

Page 9 of 27

Soundview Home Loan Trust 2006-1



Asset Backed Certificates
Asset Backed Certificates
June 26, 2006 Distribution


ARM CHARACTERISTICS
ARM CHARACTERISTICS

		Total
Weighted Average Margin Original		5.82497%
Weighted Average Margin Prior		5.82459%
Weighted Average Margin Current		5.82543%
Weighted Average Max Rate Original		13.55535%
Weighted Average Max Rate Prior		13.53835%
Weighted Average Max Rate Current		13.53267%
Weighted Average Min Rate Original		7.60738%
Weighted Average Min Rate Prior		7.59263%
Weighted Average Min Rate Current		7.58776%
Weighted Average Cap Up Original		1.00000%
Weighted Average Cap Up Prior		1.00000%
Weighted Average Cap Up Current		1.00000%
Weighted Average Cap Down Original		1.00000%
Weighted Average Cap Down Prior		1.00000%
Weighted Average Cap Down Current		1.00000%




SERVICING FEES & ADVANCES
SERVICING FEES & ADVANCES

		Total




Current Servicing Fees		35,307.57
Delinquent Servicing Fees		268,841.36
TOTAL SERVICING FEES		304,148.93


Total Servicing Fees		304,148.93
Compensating Interest		-7,874.77
Delinquent Servicing Fees		-268,841.36
COLLECTED SERVICING FEES		27,432.80


Total Advanced Interest		3,907,670.67
Total Advanced Principal		366,694.68
Aggregate Advances with respect to this Distribution		4,274,365.35






ADDITIONAL COLLATERAL INFORMATION
ADDITIONAL COLLATERAL INFORMATION
		Total
	Prepayment Interest Shortfall (PPIS)	7,874.78
	Compensating Interest	(7,874.77)
	Net Prepayment Interest Shortfall (PPIS)	0.00

	Weighted Average Net Mortgage Rate	6.842690%







Page 10 of 27

Soundview Home Loan Trust 2006-1



Asset Backed Certificates
Asset Backed Certificates
June 26, 2006 Distribution

Delinquency Report

TOTAL
		< 1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT	Balance		27,887,947.04	9,188,574.74	7,901,818.45	44,978,340.23
	% Balance		3.89%	1.28%	1.10%	6.28%
	# Loans		169	67	62	298
	% # Loans		3.88%	1.54%	1.42%	6.83%
FORECLOSURE	Balance	0.00	0.00	0.00	11,944,375.11	11,944,375.11
	% Balance	0.00%	0.00%	0.00%	1.67%	1.67%
	# Loans	0	0	0	48	48
	% # Loans	0.00%	0.00%	0.00%	1.10%	1.10%
BANKRUPTCY	Balance	0.00	0.00	200,095.46	253,741.07	453,836.53
	% Balance	0.00%	0.00%	0.03%	0.04%	0.06%
	# Loans	0	0	2	2	4
	% # Loans	0.00%	0.00%	0.05%	0.05%	0.09%
REO	Balance	0.00	0.00	0.00	245,728.26	245,728.26
	% Balance	0.00%	0.00%	0.00%	0.03%	0.03%
	# Loans	0	0	0	4	4
	% # Loans	0.00%	0.00%	0.00%	0.09%	0.09%
TOTAL	Balance	0.00	27,887,947.04	9,388,670.20	20,345,662.89	57,622,280.13
	% Balance	0.00%	3.89%	1.31%	2.84%	8.05%
	# Loans	0	169	69	116	354
	% # Loans	0.00%	3.88%	1.58%	2.66%	8.12%

Page 11 of 27

Soundview Home Loan Trust 2006-1

Asset Backed Certificates

June 26, 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

Became REO Property this Period:

42211813 1

72,000.00

71,728.40

01-Dec-2005

9.175%

MI - 90.00%

360

01-Dec-2005

42222034 1

47,600.00

47,412.45

01-Dec-2005

8.190%

MI - 85.00%

360

01-Jan-2006

42234765 1

67,500.00

67,245.31

01-Dec-2005

9.175%

MI - 90.00%

360

01-Dec-2005

42303651 1

59,500.00

59,342.10

01-Dec-2005

10.100%

MO - 85.00%

360

01-Jan-2006

TOTAL

246,600.00

245,728.26

Page 12 of 27

Soundview Home Loan Trust 2006-1



Asset Backed Certificates
Asset Backed Certificates
June 26, 2006 Distribution

Foreclosure Report
Loan Number		Original	Stated		Current	State &		First
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
						Origination

Became Foreclosure Property this Period:
5258462 1		227,000.00	225,901.32	01-Dec-2005	7.950%	CA - 68.79%	360	01-Dec-2005
5301619 1		300,000.00	298,895.24	01-Dec-2005	9.950%	CA - 75.95%	360	01-Nov-2005
5421987 1		499,999.00	498,634.36	01-Dec-2005	9.967%	NJ - 81.30%	360	01-Jan-2006
5439773 1		92,000.00	91,680.52	01-Jan-2006	8.810%	FL - 80.00%	360	01-Jan-2006
5484795 1		600,000.00	600,000.00	01-Jan-2006	8.450%	FL - 80.00%	360	01-Jan-2006
5488747 1		393,750.00	392,426.40	01-Dec-2005	8.968%	NJ - 75.00%	360	01-Jan-2006
5503305 1		97,750.00	97,420.50	01-Dec-2005	8.955%	VA - 70.83%	360	01-Jan-2006
5532239 1		261,600.00	260,218.75	01-Jan-2006	6.710%	FL - 80.00%	360	01-Jan-2006
5535273 1		83,200.00	82,889.65	01-Jan-2006	8.460%	FL - 80.00%	360	01-Jan-2006
5547856 1		107,200.00	106,750.46	01-Jan-2006	7.880%	CT - 80.00%	360	01-Jan-2006
5577044 1		80,800.00	80,554.17	01-Dec-2005	9.450%	KY - 80.00%	360	01-Jan-2006
5589536 1		142,405.00	141,994.73	01-Jan-2006	9.710%	FL - 95.00%	360	01-Jan-2006
5590435 1		126,350.00	125,977.52	01-Jan-2006	9.600%	FL - 95.00%	360	01-Jan-2006
5603113 1		91,800.00	91,431.67	01-Jan-2006	8.100%	OH - 85.00%	360	01-Jan-2006
5641733 1		548,000.00	548,000.00	01-Dec-2005	7.950%	NY - 80.00%	360	01-Jan-2006
5668736 1		190,400.00	190,400.00	01-Dec-2005	7.060%	GA - 80.00%	360	01-Jan-2006
5715065 1		253,592.00	252,700.47	01-Jan-2006	8.750%	FL - 80.00%	360	01-Jan-2006
5733852 1		276,000.00	275,475.16	01-Jan-2006	7.705%	MA - 80.00%	360	01-Jan-2006
5747357 1		392,000.00	391,236.34	01-Dec-2005	7.620%	CA - 80.00%	360	01-Jan-2006
5757968 1		51,425.00	51,326.16	01-Dec-2005	11.600%	SC - 85.00%	360	01-Jan-2006
5774252 1		180,004.00	179,371.14	01-Jan-2006	8.750%	TX - 80.00%	360	01-Jan-2006
42189993 1		195,000.00	194,324.89	01-Dec-2005	8.825%	MN - 75.00%	360	01-Jan-2006
42193060 1		70,400.00	70,181.29	01-Jan-2006	9.350%	IL - 80.00%	360	01-Jan-2006
42203000 1		198,000.00	196,962.21	01-Dec-2005	7.550%	IL - 79.84%	360	01-Dec-2005
42216838 1		132,000.00	131,273.13	01-Dec-2005	7.300%	CO - 80.00%	360	01-Dec-2005
42217273 1		488,000.00	485,540.76	01-Dec-2005	6.950%	CA - 80.00%	360	01-Jan-2006
42223164 1		192,000.00	191,377.56	01-Dec-2005	9.144%	FL - 80.00%	360	01-Jan-2006
42246892 1		242,400.00	241,681.64	01-Dec-2005	9.575%	GA - 80.00%	360	01-Jan-2006
42253344 1		66,600.00	66,439.20	01-Jan-2006	10.600%	MI - 90.00%	360	01-Jan-2006
42279703 1		445,000.00	443,395.01	01-Dec-2005	8.625%	AZ - 79.89%	360	01-Jan-2006
42286336 1		82,800.00	82,562.22	01-Jan-2006	9.725%	OH - 90.00%	360	01-Jan-2006
42287250 1		117,000.00	116,542.26	01-Dec-2005	8.225%	GA - 90.00%	360	01-Jan-2006
42290262 1		133,200.00	132,807.32	01-Jan-2006	9.600%	MO - 90.00%	360	01-Jan-2006
42297721 1		396,000.00	394,677.57	01-Dec-2005	9.000%	MI - 80.00%	360	01-Jan-2006
42298232 1		236,700.00	235,925.70	01-Dec-2005	9.100%	IL - 90.00%	360	01-Jan-2006
42307504 1		81,000.00	80,624.79	01-Jan-2006	7.380%	IL - 76.42%	360	01-Jan-2006
42316117 1		456,000.00	454,047.30	01-Jan-2006	7.775%	CA - 80.00%	360	01-Jan-2006
42318196 1		96,300.00	96,047.13	01-Dec-2005	10.150%	FL - 90.00%	360	01-Jan-2006
42320143 1		135,000.00	134,500.49	01-Dec-2005	8.500%	CO - 90.00%	360	01-Jan-2006
42327387 1		295,200.00	293,979.33	01-Jan-2006	7.950%	TX - 80.00%	360	01-Jan-2006


TOTAL	9,053,875.00	9,026,174.36

Became Foreclosure Property in a Prior Period:



Page 13 of 27

Soundview Home Loan Trust 2006-1



Asset Backed Certificates
Asset Backed Certificates
June 26, 2006 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
						Origination
5341458 1
5341458 1		284,000.00	282,580.45	01-Dec-2005	6.992%	CA - 80.00%	360	01-Jan-2006

5501200 1		289,250.00	288,065.91	01-Dec-2005	8.000%	CA - 65.00%	360	01-Jan-2006
42245159 1		500,000.00	500,000.00	01-Dec-2005	7.190%	CA - 80.00%	360	01-Jan-2006
42270173 1		324,000.00	322,534.50	01-Dec-2005	7.500%	FL - 80.00%	360	01-Jan-2006
42289041 1		128,000.00	127,419.89	01-Dec-2005	7.490%	NV - 80.00%	360	01-Jan-2006
42291088 1		412,000.00	412,000.00	01-Dec-2005	6.475%	CA - 80.00%	360	01-Jan-2006
42299784 1		412,000.00	412,000.00	01-Dec-2005	7.030%	CA - 80.00%	360	01-Jan-2006
42343145 1		573,600.00	573,600.00	01-Dec-2005	6.625%	CA - 80.00%	360	01-Jan-2006


TOTAL	2,922,850.00	2,918,200.75


TOTAL	11,976,725.00	11,944,375.11
TOTAL


Page 14 of 27

Soundview Home Loan Trust 2006-1

Asset Backed Certificates

June 26, 2006 Distribution

Prepayment Report

VOLUNTARY PREPAYMENTS

Total

Current

Number of Paid in Full Loans

Number of Repurchased Loans

Total Number of Loans Prepaid in Full

100

Curtailments Amount

33,046.11

Paid in Full Balance

11,315,758.53

Repurchased Loans Balance

4,198,626.37

Total Prepayment Amount

15,547,431.01

Cumulative

Number of Paid in Full Loans

257

Number of Repurchased Loans

Total Number of Loans Prepaid in Full

289

Paid in Full Balance

47,976,779.17

Repurchased Loans Balance

4,198,626.37

Curtailments Amount

129,236.86

Total Prepayment Amount

52,304,642.40

Page 15 of 27

Soundview Home Loan Trust 2006-1



Asset Backed Certificates
Asset Backed Certificates
June 26, 2006 Distribution


VOLUNTARY PREPAYMENTS RATES



		Total





SMM	2.13%
3 Months Avg SMM	1.92%
12 Months Avg SMM	1.41%
Avg SMM Since Cut-off	1.41%



CPR	22.72%
3 Months Avg CPR	20.74%
12 Months Avg CPR	15.67%
Avg CPR Since Cut-off	15.67%



PSA	1,805.15%
3 Months Avg PSA Approximation	1,956.99%
12 Months Avg PSA Approximation	1,821.91%
Avg PSA Since Cut-off Approximation	1,821.91%

Page 16 of 27

Soundview Home Loan Trust 2006-1

Asset Backed Certificates

June 26, 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 17 of 27

Soundview Home Loan Trust 2006-1



Asset Backed Certificates
Asset Backed Certificates
June 26, 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 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

4862157 1		64,000.00	63,699.99	14-Jun-2006	8.110%	GA - 80.00%	Paid Off - 360	01-Nov-2005
4862157 1		64,000.00	63,699.99	14-Jun-2006	8.110%	GA - 80.00%	Paid Off - 360	01-Nov-2005
4867776 1		225,000.00	223,419.25	30-May-2006	7.660%	MA - 40.91%	Paid Off - 360	01-Oct-2005
5151717 1		86,400.00	86,085.08	02-Jun-2006	7.655%	FL - 80.00%	Paid Off - 360	01-Jan-2006
5199534 1		216,000.00	215,212.28	13-Jun-2006	7.650%	FL - 80.00%	Paid Off - 360	01-Jan-2006
5236773 1		29,200.00	29,123.02	25-May-2006	10.130%	FL - 100.00%	Paid Off - 180	01-Dec-2005
5252226 1		15,000.00	14,957.17	14-Jun-2006	10.500%	CT - 100.00%	Paid Off - 180	01-Nov-2005
5269089 1		61,750.00	61,562.39	31-May-2006	8.580%	GA - 65.00%	Paid Off - 360	01-Jan-2006
5344734 1		41,800.00	41,693.44	26-May-2006	10.290%	FL - 97.00%	Paid Off - 180	01-Dec-2005
5370424 1		140,000.00	139,379.18	16-May-2006	7.600%	CA - 70.00%	Paid Off - 360	01-Dec-2005
5505664 1		292,000.00	290,966.50	06-Jun-2006	7.800%	NJ - 80.00%	Paid Off - 360	01-Jan-2006
5507090 1		111,000.00	110,664.84	31-May-2006	8.585%	MD - 39.64%	Paid Off - 360	01-Jan-2006
5508403 1		34,400.00	34,322.60	18-May-2006	10.000%	FL - 100.00%	Paid Off - 180	01-Jan-2006
5510896 1		89,000.00	88,622.18	18-May-2006	6.880%	FL - 68.99%	Paid Off - 360	01-Jan-2006
5511373 1		180,000.00	179,449.40	13-Jun-2006	5.990%	FL - 80.00%	Paid Off - 360	01-Dec-2005
5545934 1		280,000.00	279,247.46	02-Jun-2006	9.150%	CA - 61.54%	Paid Off - 360	01-Jan-2006
5580725 1		100,100.00	99,562.92	02-Jun-2006	5.655%	AZ - 70.00%	Paid Off - 360	01-Jan-2006
5588678 1		230,000.00	229,417.53	19-May-2006	6.125%	CA - 47.42%	Paid Off - 360	01-Jan-2006
5593207 1		120,700.00	120,363.56	15-Jun-2006	8.980%	VA - 85.00%	Paid Off - 360	01-Jan-2006
5603626 1		91,800.00	91,591.35	02-Jun-2006	9.950%	TN - 90.00%	Paid Off - 360	01-Jan-2006
5609490 1		176,800.00	176,192.81	07-Jun-2006	7.950%	GA - 80.00%	Paid Off - 360	01-Jan-2006
5612163 1		145,000.00	144,643.04	08-Jun-2006	6.110%	CA - 36.25%	Paid Off - 360	01-Jan-2006
5612353 1		106,400.00	105,976.58	18-May-2006	7.210%	LA - 80.00%	Paid Off - 360	01-Jan-2006
5615117 1		164,000.00	163,248.66	22-May-2006	6.490%	TX - 80.00%	Paid Off - 360	01-Jan-2006
5619200 1		290,580.00	289,537.04	12-Jun-2006	7.730%	FL - 76.47%	Paid Off - 360	01-Jan-2006
5626494 1		256,000.00	255,029.46	19-May-2006	7.455%	NJ - 80.00%	Paid Off - 360	01-Jan-2006
5627914 1		327,250.00	326,549.04	14-Jun-2006	10.230%	NY - 85.00%	Paid Off - 360	01-Jan-2006
5646732 1		164,000.00	163,690.93	06-Jun-2006	7.080%	GA - 84.97%	Paid Off - 360	01-Jan-2006
5654231 1		184,000.00	183,168.90	14-Jun-2006	6.560%	FL - 80.00%	Paid Off - 360	01-Jan-2006
5672183 1		334,400.00	331,081.33	24-May-2006	6.435%	MA - 80.00%	Paid Off - 360	01-Jan-2006
5678008 1		295,000.00	293,646.81	24-May-2006	6.480%	NY - 69.41%	Paid Off - 360	01-Jan-2006
5693338 1		312,000.00	311,170.12	05-Jun-2006	9.200%	NY - 78.99%	Paid Off - 360	01-Jan-2006
5700901 1		176,000.00	175,723.98	06-Jun-2006	7.730%	NV - 80.00%	Paid Off - 360	01-Jan-2006
5711346 1		112,000.00	110,670.27	06-Jun-2006	6.480%	NY - 43.08%	Paid Off - 360	01-Jan-2006
5717269 1		230,400.00	229,431.22	18-May-2006	7.210%	NJ - 80.00%	Paid Off - 360	01-Jan-2006
5741293 1		152,000.00	151,803.21	03-Jun-2006	8.395%	FL - 80.00%	Paid Off - 360	01-Jan-2006
41983719 1		70,759.00	70,609.36	02-Jun-2006	10.290%	CA - 100.00%	Paid Off - 180	01-Jan-2006
42100818 1		76,500.00	76,281.42	12-Jun-2006	9.750%	MI - 90.00%	Paid Off - 360	01-Dec-2005
42119131 1		140,000.00	139,014.57	23-May-2006	6.740%	CA - 93.33%	Paid Off - 360	01-Oct-2005
42124644 1		36,000.00	35,878.94	08-Jun-2006	9.730%	AL - 90.00%	Paid Off - 360	01-Nov-2005
42150847 1		96,000.00	95,670.33	05-Jun-2006	8.865%	IL - 80.00%	Paid Off - 360	01-Dec-2005


Page 18 of 27

Soundview Home Loan Trust 2006-1



Asset Backed Certificates
Asset Backed Certificates
June 26, 2006 Distribution


Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution


Loan Number	Original			Current	State &	Type Prepayment	First
Loan Number	Original			Current	State &	Type Prepayment	First
&	Loan	Principal	Prepayment		Prepayment	Note	LTV at	&	Payment
Loan Group	Status	Balance	Amount		Date	Rate	Origination	Original Term	Date

42157438 1		288,000.00	286,955.94	13-Jun-2006	8.600%	IL - 80.00%	Paid Off - 360	01-Dec-2005
42157438 1		288,000.00	286,955.94	13-Jun-2006	8.600%	IL - 80.00%	Paid Off - 360	01-Dec-2005
42183418 1		234,000.00	233,291.70	30-May-2006	8.575%	MD - 90.00%	Paid Off - 360	01-Jan-2006
42198945 1		121,500.00	121,098.38	31-May-2006	9.050%	GA - 90.00%	Paid Off - 360	01-Dec-2005
42215467 1		82,000.00	81,844.12	31-May-2006	11.650%	MD - 100.00%	Paid Off - 180	01-Dec-2005
42233890 1		300,000.00	298,517.37	31-May-2006	7.050%	MN - 59.52%	Paid Off - 360	01-Dec-2005
42238295 1		208,000.00	207,022.71	02-Jun-2006	6.355%	AZ - 80.00%	Paid Off - 360	01-Jan-2006
42242495 1		127,500.00	126,900.04	19-May-2006	7.300%	MD - 69.67%	Paid Off - 360	01-Dec-2005
42242776 1		183,000.00	182,227.96	30-May-2006	7.850%	PA - 65.36%	Paid Off - 360	01-Dec-2005
42255570 1		478,000.00	475,988.66	18-May-2006	6.925%	CA - 84.60%	Paid Off - 360	01-Jan-2006
42260356 1		160,000.00	159,358.70	15-Jun-2006	8.105%	AZ - 64.00%	Paid Off - 360	01-Dec-2005
42264879 1		135,000.00	134,574.54	31-May-2006	8.375%	AZ - 56.25%	Paid Off - 360	01-Jan-2006
42264903 1		153,750.00	153,148.46	02-Jun-2006	8.225%	AZ - 75.00%	Paid Off - 360	01-Dec-2005
42265827 1		130,000.00	129,422.93	13-Jun-2006	6.650%	MD - 53.50%	Paid Off - 360	01-Jan-2006
42267120 1		115,000.00	114,750.43	17-May-2006	11.040%	CA - 100.00%	Paid Off - 180	01-Dec-2005
42267484 1		224,000.00	223,234.57	02-Jun-2006	7.975%	IL - 56.00%	Paid Off - 360	01-Jan-2006
42268847 1		158,400.00	157,731.73	12-Jun-2006	7.850%	AZ - 80.00%	Paid Off - 360	01-Dec-2005
42281634 1		60,278.00	60,139.93	31-May-2006	9.915%	CA - 100.00%	Paid Off - 180	01-Jan-2006
42284273 1		216,000.00	215,243.11	15-Jun-2006	7.850%	MN - 75.00%	Paid Off - 360	01-Jan-2006
42289819 1		270,800.00	270,800.00	22-May-2006	8.405%	IL - 84.92%	Paid Off - 360	01-Jan-2006
42290221 1		220,500.00	219,802.26	15-Jun-2006	8.355%	CA - 90.00%	Paid Off - 360	01-Jan-2006
42295683 1		48,000.00	47,866.20	23-May-2006	8.975%	WV - 75.00%	Paid Off - 360	01-Jan-2006
42297341 1		128,250.00	127,929.66	23-May-2006	9.502%	FL - 75.00%	Paid Off - 360	01-Jan-2006
42300376 1		286,000.00	284,677.97	16-May-2006	6.440%	DC - 68.42%	Paid Off - 360	01-Jan-2006
42308403 1		62,250.00	62,117.20	08-Jun-2006	10.250%	KS - 75.00%	Paid Off - 360	01-Jan-2006
42318014 1		275,085.00	274,339.92	24-May-2006	9.125%	IA - 90.00%	Paid Off - 360	01-Jan-2006
42334912 1		184,000.00	183,515.61	15-Jun-2006	9.250%	AZ - 76.03%	Paid Off - 360	01-Jan-2006
42353649 1		145,800.00	145,281.88	12-Jun-2006	7.780%	AZ - 90.00%	Paid Off - 360	01-Jan-2006
42356543 1		110,000.00	109,618.39	05-Jun-2006	7.900%	MI - 80.00%	Paid Off - 360	01-Jan-2006
41875428 1		196,800.00	195,033.47	31-May-2006	6.667%	CO - 80.00%	Repur/Subs - 360	01-Aug-2005
41988247 1		30,600.00	30,461.88	31-May-2006	8.980%	AL - 90.00%	Repur/Subs - 360	01-Oct-2005
42076711 1		41,250.00	41,157.54	31-May-2006	11.625%	SC - 75.00%	Repur/Subs - 360	01-Nov-2005
42100651 1		56,950.00	56,663.95	31-May-2006	7.765%	MI - 85.00%	Repur/Subs - 360	01-Nov-2005
42102475 1		50,000.00	49,692.92	31-May-2006	7.440%	IN - 66.67%	Repur/Subs - 360	01-Oct-2005
42109405 1		95,680.00	94,953.56	31-May-2006	5.630%	OH - 80.00%	Repur/Subs - 360	01-Nov-2005
42163725 1		199,500.00	198,526.50	30-May-2006	7.115%	CA - 73.89%	Repur/Subs - 360	01-Dec-2005
42172254 1		126,000.00	125,448.62	31-May-2006	8.450%	MI - 90.00%	Repur/Subs - 360	01-Nov-2005
42176628 1		48,600.00	48,459.67	31-May-2006	9.700%	FL - 90.00%	Repur/Subs - 360	01-Dec-2005
42176917 1		48,600.00	48,459.67	31-May-2006	9.700%	FL - 90.00%	Repur/Subs - 360	01-Dec-2005
42178327 1		163,200.00	162,339.16	31-May-2006	6.715%	MN - 85.00%	Repur/Subs - 360	01-Dec-2005
42201251 1		153,000.00	152,425.21	31-May-2006	8.425%	GA - 90.00%	Repur/Subs - 360	01-Dec-2005
42201582 1		139,500.00	138,975.94	31-May-2006	8.425%	GA - 90.00%	Repur/Subs - 360	01-Dec-2005
42206292 1		177,900.00	177,358.81	31-May-2006	9.450%	MO - 85.00%	Repur/Subs - 360	01-Dec-2005
42206292 1			177,358.81		9.450%	MO - 85.00%	Repur/Subs - 360

Page 19 of 27

Soundview Home Loan Trust 2006-1



Asset Backed Certificates
Asset Backed Certificates
June 26, 2006 Distribution


Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution


Loan Number	Original			Current	State &	Type Prepayment	First
Loan Number	Original			Current	State &	Type Prepayment	First
&	Loan	Principal	Prepayment		Prepayment	Note	LTV at	&	Payment
Loan Group	Status	Balance	Amount		Date	Rate	Origination	Original Term	Date

42208207 1		71,100.00	70,893.86	31-May-2006	9.680%	MI - 90.00%	Repur/Subs - 360	01-Dec-2005
42208207 1		71,100.00	70,893.86	31-May-2006	9.680%	MI - 90.00%	Repur/Subs - 360	01-Dec-2005
42210914 1		618,750.00	616,541.10	31-May-2006	8.675%	DC - 90.00%	Repur/Subs - 360	01-Dec-2005
42215848 1		153,000.00	152,534.59	31-May-2006	9.450%	MO - 85.00%	Repur/Subs - 360	01-Dec-2005
42215855 1		153,000.00	152,534.59	31-May-2006	9.450%	MO - 85.00%	Repur/Subs - 360	01-Dec-2005
42219782 1		26,000.00	25,966.00	31-May-2006	11.465%	GA - 100.00%	Repur/Subs - 180	01-Dec-2005
42228114 1		62,400.00	62,214.29	31-May-2006	9.555%	GA - 80.00%	Repur/Subs - 360	01-Dec-2005
42229310 1		173,250.00	172,647.14	31-May-2006	8.800%	OK - 90.00%	Repur/Subs - 360	01-Dec-2005
42233874 1		25,000.00	24,953.46	31-May-2006	11.750%	MO - 100.00%	Repur/Subs - 180	01-Dec-2005
42235275 1		60,000.00	59,775.70	31-May-2006	8.450%	MO - 80.00%	Repur/Subs - 360	01-Dec-2005
42240036 1		177,600.00	176,764.31	31-May-2006	7.300%	AZ - 80.00%	Repur/Subs - 360	01-Dec-2005
42242420 1		169,600.00	169,600.00	31-May-2006	7.925%	WA - 80.00%	Repur/Subs - 360	01-Dec-2005
42242651 1		42,400.00	42,342.40	31-May-2006	11.290%	WA - 100.00%	Repur/Subs - 180	01-Dec-2005
42245845 1		80,100.00	79,885.17	31-May-2006	10.050%	MI - 90.00%	Repur/Subs - 360	01-Dec-2005
42247783 1		153,000.00	152,483.74	31-May-2006	8.950%	MN - 53.68%	Repur/Subs - 360	01-Dec-2005
42252114 1		132,600.00	132,236.78	31-May-2006	9.950%	MI - 85.00%	Repur/Subs - 360	01-Dec-2005
42255653 1		58,225.00	58,078.48	31-May-2006	10.350%	TX - 85.00%	Repur/Subs - 360	01-Dec-2005
42257790 1		441,000.00	439,519.68	31-May-2006	8.975%	AZ - 90.00%	Repur/Subs - 360	01-Dec-2005
42262907 1		90,000.00	89,698.18	31-May-2006	8.980%	FL - 90.00%	Repur/Subs - 360	01-Dec-2005


TOTAL	15,572,957.00	15,514,384.90

Page 20 of 27

Soundview Home Loan Trust 2006-1

Asset Backed Certificates

June 26, 2006 Distribution

Realized Loss Report

COLLATERAL REALIZED LOSSES

Total

Current

Subsequent Recoveries

0.00

Number of Loans Liquidated

Collateral Principal Realized Loss/(Gain) Amount

0.00

Collateral Interest Realized Loss/(Gain) Amount

0.00

Net Liquidation Proceeds

0.00

Cumulative

Number of Loans Liquidated

Collateral Realized Loss/(Gain) Amount

13,691.00

Net Liquidation Proceeds

404,309.00

Cumulative Subsequent Recoveries

0.00

Page 21 of 27

Soundview Home Loan Trust 2006-1



Asset Backed Certificates
Asset Backed Certificates
June 26, 2006 Distribution


DEFAULT SPEEDS

								Total



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


CDR								0.00%
3 Months Avg CDR								0.22%
12 Months Avg CDR								0.13%
Avg CDR Since Cut-off								0.13%


SDA								0.00%
3 Months Avg SDA Approximation								2.11%
12 Months Avg SDA Approximation								1.56%
Avg SDA Since Cut-off Approximation								1.56%


Loss Severity Approximation for Current Period								0.00%
3 Months Avg Loss Severity Approximation								1.09%
12 Months Avg Loss Severity Approximation								0.66%
Avg Loss Severity Approximation Since Cut-off								0.66%

Page 22 of 27

Soundview Home Loan Trust 2006-1

Asset Backed Certificates

June 26, 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 Loan Trust 2006-1

Asset Backed Certificates

June 26, 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 Loan Trust 2006-1

Asset Backed Certificates

June 26, 2006 Distribution

Triggers and Adj. Cert. Report

TRIGGER EVENTS

Total

Trigger Event in effect

Stepdown Date has occurred

Delinquency Percentage

4.152483%

Ending Balance

716,061,479.09

Credit Enhancement Percentage (Step Down)

27.5058%

Senior Mezz Credit Enhancement Pct (Trigger)

22.0622%

Realized Loss Percentage

0.0018%

ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK

ADDITIONAL INFORMATION

Total

LIBOR Rate Determination Date

05/23/2006

Libor For Current Period

5.08125%

Next LIBOR Rate Determination Date

06/22/2006

Libor For Next Period

0.00000%

Extraordinary Trust Fund Expenses

0.00

Page 25 of 27

Soundview Home Loan Trust 2006-1



Asset Backed Certificates
Asset Backed Certificates
June 26, 2006 Distribution

Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

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

	A-1	4.79	$0.00	$0.00
		4.79	$0.00	$0.00
	A-2	5.27	$0.00	$0.00
		5.27	$0.00	$0.00
	A-3	5.50	$0.00	$0.00
		5.50	$0.00	$0.00
	A-4	5.85	$0.00	$0.00
		5.85	$0.00	$0.00
	A-5	5.70	$0.00	$0.00
		5.70	$0.00	$0.00
	M-1	0.45	$0.00	$0.00
		0.45	$0.00	$0.00
	M-2	0.47	$0.00	$0.00
		0.47	$0.00	$0.00
	M-3	0.49	$0.00	$0.00
		0.49	$0.00	$0.00
	M-4	0.62	$0.00	$0.00
		0.62	$0.00	$0.00
	M-5	0.68	$0.00	$0.00
		0.68	$0.00	$0.00
	M-6	0.75	$0.00	$0.00
		0.75	$0.00	$0.00
	M-7	1.35	$0.00	$0.00
		1.35	$0.00	$0.00
	M-8	1.65	$0.00	$7,591.08
		1.65	$0.00	$7,591.08
	M-9	2.40	$0.00	$7,591.08
		2.40	$0.00	$7,591.08
	M-10	2.40	$0.00	$3,795.87
		2.40	$0.00	$3,795.87
	B	7.00	$0.00	$6,578.76
		7.00	$0.00	$6,578.76
	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
	R-3	0.00	$0.00	$0.00
		0.00	$0.00	$0.00
	IO	0.00	$0.00	$0.00
		0.00	$0.00	$0.00




Page 26 of 27

Soundview Home Loan Trust 2006-1



Asset Backed Certificates
Asset Backed Certificates
June 26, 2006 Distribution

Other Related Information
ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
							Total
Basis Risk Shortfall Covered by Cap Contract for Class A-1							0.00
Basis Risk Shortfall Covered by CapContracts for Class A-2							0.00
Basis Risk Shortfall Covered by CapContract for Class A-3							0.00
Basis Risk Shortfall Covered by CapContract for Class A-4							0.00
Basis Risk Shortfall Covered by CapContract for Class A-5							0.00
Basis Risk Shortfall Covered by CapContract for Class M-1							0.00
Basis Risk Shortfall Covered by CapContract for Class M-2							0.00
Basis Risk Shortfall Covered by CapContract for Class M-3							0.00
Basis Risk Shortfall Covered by CapContract for Class M-4							0.00
Basis Risk Shortfall Covered by CapContract for Class M-5							0.00
Basis Risk Shortfall Covered by CapContract for Class M-6							0.00
Basis Risk Shortfall Covered by CapContract for Class M-7							0.00
Basis Risk Shortfall Covered by CapContract for Class M-8							0.00
Basis Risk Shortfall Covered by CapContract for Class M-9							0.00
Basis Risk Shortfall Covered by CapContract for Class M-10							0.00
Basis Risk Shortfall Covered by CapContract for Class B							0.00





Page 27 of 27

Soundview Home Loan Trust 2006-1 10-D