Soundview Home Loan Trust 2006-OPT3

Mortgage Pass-Through Certificates

June 26, 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

8. Prepayment Report

Swap Counterparty

9. Prepayment Detail Report

The Bank of New York

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:

May 01, 2006

Mei Nghia

Close Date:

May 12, 2006

Administrator

First Distribution Date:

June 26, 2006

(714) 247-6248

Mei.nghia@db.com

Address:

Distribution Date:

June 26, 2006

1761 E. 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 19, 2006

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

Page 1 of 30

Soundview Home Loan Trust 2006-OPT3



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution

Certificate Payment Report
Current Period Distribution -
				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)
I-A-1	SR	$	751,533,000.00	751,533,000.00	4,936,632.39	20,434,948.36	25,371,580.75	0.00	0.00	731,098,051.64
I-A-1	SR	$	751,533,000.00	751,533,000.00	4,936,632.39	20,434,948.36	25,371,580.75	0.00	0.00	731,098,051.64
II-A-1	SR	$	394,768,000.00	394,768,000.00	2,546,253.60	20,201,203.12	22,747,456.72	0.00	0.00	374,566,796.88
II-A-2	SR	$	181,200,000.00	181,200,000.00	1,180,065.00	0.00	1,180,065.00	0.00	0.00	181,200,000.00
II-A-3	SR	$	157,393,000.00	157,393,000.00	1,036,826.39	0.00	1,036,826.39	0.00	0.00	157,393,000.00
II-A-4	SR	$	41,106,000.00	41,106,000.00	274,896.38	0.00	274,896.38	0.00	0.00	41,106,000.00
M-1	MEZ	$	165,000,000.00	165,000,000.00	1,115,812.50	0.00	1,115,812.50	0.00	0.00	165,000,000.00
M-2	MEZ	$	40,000,000.00	40,000,000.00	273,000.00	0.00	273,000.00	0.00	0.00	40,000,000.00
M-3	MEZ	$	36,000,000.00	36,000,000.00	248,850.00	0.00	248,850.00	0.00	0.00	36,000,000.00
M-4	MEZ	$	34,000,000.00	34,000,000.00	236,300.00	0.00	236,300.00	0.00	0.00	34,000,000.00
M-5	MEZ	$	33,000,000.00	33,000,000.00	232,650.00	0.00	232,650.00	0.00	0.00	33,000,000.00
M-6	MEZ	$	32,000,000.00	32,000,000.00	244,000.00	0.00	244,000.00	0.00	0.00	32,000,000.00
M-7	MEZ	$	27,000,000.00	27,000,000.00	209,250.00	0.00	209,250.00	0.00	0.00	27,000,000.00
M-8	MEZ	$	22,000,000.00	22,000,000.00	195,250.00	0.00	195,250.00	0.00	0.00	22,000,000.00
M-9	MEZ	$	16,000,000.00	16,000,000.00	152,000.00	0.00	152,000.00	0.00	0.00	16,000,000.00
M-10	MEZ	$	20,000,000.00	20,000,000.00	190,000.00	0.00	190,000.00	0.00	0.00	20,000,000.00
M-11	MEZ	$	18,000,000.00	18,000,000.00	90,000.00	0.00	90,000.00	0.00	0.00	18,000,000.00
C	NOF/SEQ	$	30,999,925.97	30,999,925.97	609,622.35	0.00	609,622.35	0.00	74.43	31,000,000.40
P	NOF/NPR/RES	$	100.00	100.00	441,450.90	0.00	441,450.90	0.00	0.00	100.00
R	NOF/RES	$	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
R-X	NOF/RES	$	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00


Total		2,000,000,025.97	2,000,000,025.97	14,212,859.51	40,636,151.48	54,849,010.99	0.00	74.43	1,959,363,948.92
Total





Page 2 of 30

Soundview Home Loan Trust 2006-OPT3



Mortgage Pass-Through Certificates
Mortgage Pass-Through 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)

I-A-1	05/12/06	06/25/06	A-Act/360	83611MPE2	751,533,000.00	1,000.000000	6.568750	27.191019	33.759769	972.808981
I-A-1	05/12/06	06/25/06	A-Act/360	83611MPE2	751,533,000.00	1,000.000000	6.568750	27.191019	33.759769	972.808981
II-A-1	05/12/06	06/25/06	A-Act/360	83611MPF9	394,768,000.00	1,000.000000	6.450000	51.172342	57.622342	948.827658
II-A-2	05/12/06	06/25/06	A-Act/360	83611MPG7	181,200,000.00	1,000.000000	6.512500	0.000000	6.512500	1,000.000000
II-A-3	05/12/06	06/25/06	A-Act/360	83611MPH5	157,393,000.00	1,000.000000	6.587500	0.000000	6.587500	1,000.000000
II-A-4	05/12/06	06/25/06	A-Act/360	83611MPJ1	41,106,000.00	1,000.000000	6.687500	0.000000	6.687500	1,000.000000
M-1	05/12/06	06/25/06	A-Act/360	83611MPK8	165,000,000.00	1,000.000000	6.762500	0.000000	6.762500	1,000.000000
M-2	05/12/06	06/25/06	A-Act/360	83611MPL6	40,000,000.00	1,000.000000	6.825000	0.000000	6.825000	1,000.000000
M-3	05/12/06	06/25/06	A-Act/360	83611MPM4	36,000,000.00	1,000.000000	6.912500	0.000000	6.912500	1,000.000000
M-4	05/12/06	06/25/06	A-Act/360	83611MPN2	34,000,000.00	1,000.000000	6.950000	0.000000	6.950000	1,000.000000
M-5	05/12/06	06/25/06	A-Act/360	83611MPP7	33,000,000.00	1,000.000000	7.050000	0.000000	7.050000	1,000.000000
M-6	05/12/06	06/25/06	A-Act/360	83611MPQ5	32,000,000.00	1,000.000000	7.625000	0.000000	7.625000	1,000.000000
M-7	05/12/06	06/25/06	A-Act/360	83611MPR3	27,000,000.00	1,000.000000	7.750000	0.000000	7.750000	1,000.000000
M-8	05/12/06	06/25/06	A-Act/360	83611MPS1	22,000,000.00	1,000.000000	8.875000	0.000000	8.875000	1,000.000000
M-9	05/12/06	06/25/06	A-Act/360	83611MPT9	16,000,000.00	1,000.000000	9.500000	0.000000	9.500000	1,000.000000
M-10	05/12/06	06/25/06	A-Act/360	83611MPU6	20,000,000.00	1,000.000000	9.500000	0.000000	9.500000	1,000.000000
M-11	05/01/06	05/30/06	F-30/360	83611MPV4	18,000,000.00	1,000.000000	5.000000	0.000000	5.000000	1,000.000000
C			30,999,925.97	1,000.000000	19.665284	0.000000	19.665284	1,000.002401
P			100.00	1,000.000000	4,414,509.000000	0.000000	4,414,509.000000	1,000.000000
R			0.00	0.000000	0.000000	0.000000	0.000000	0.000000
R-X			0.00	0.000000	0.000000	0.000000	0.000000	0.000000




Page 3 of 30

Soundview Home Loan Trust 2006-OPT3



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution


Distribution to Date -
									Current


	Original		Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal

Class	Face Value	Interest	Principal	Principal	Principal	Distribution	Loss	Interest	Balance
(1)	(2)	(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)
I-A-1	751,533,000.00	4,936,632.39	19,992,181.91	442,766.45	20,434,948.36	25,371,580.75	0.00	0.00	731,098,051.64
II-A-1	394,768,000.00	2,546,253.60	19,763,501.25	437,701.87	20,201,203.12	22,747,456.72	0.00	0.00	374,566,796.88
II-A-2	181,200,000.00	1,180,065.00	0.00	0.00	0.00	1,180,065.00	0.00	0.00	181,200,000.00
II-A-3	157,393,000.00	1,036,826.39	0.00	0.00	0.00	1,036,826.39	0.00	0.00	157,393,000.00
II-A-4	41,106,000.00	274,896.38	0.00	0.00	0.00	274,896.38	0.00	0.00	41,106,000.00
M-1	165,000,000.00	1,115,812.50	0.00	0.00	0.00	1,115,812.50	0.00	0.00	165,000,000.00
M-2	40,000,000.00	273,000.00	0.00	0.00	0.00	273,000.00	0.00	0.00	40,000,000.00
M-3	36,000,000.00	248,850.00	0.00	0.00	0.00	248,850.00	0.00	0.00	36,000,000.00
M-4	34,000,000.00	236,300.00	0.00	0.00	0.00	236,300.00	0.00	0.00	34,000,000.00
M-5	33,000,000.00	232,650.00	0.00	0.00	0.00	232,650.00	0.00	0.00	33,000,000.00
M-6	32,000,000.00	244,000.00	0.00	0.00	0.00	244,000.00	0.00	0.00	32,000,000.00
M-7	27,000,000.00	209,250.00	0.00	0.00	0.00	209,250.00	0.00	0.00	27,000,000.00
M-8	22,000,000.00	195,250.00	0.00	0.00	0.00	195,250.00	0.00	0.00	22,000,000.00
M-9	16,000,000.00	152,000.00	0.00	0.00	0.00	152,000.00	0.00	0.00	16,000,000.00
M-10	20,000,000.00	190,000.00	0.00	0.00	0.00	190,000.00	0.00	0.00	20,000,000.00
M-11	18,000,000.00	90,000.00	0.00	0.00	0.00	90,000.00	0.00	0.00	18,000,000.00
C	30,999,925.97	609,622.35	0.00	0.00	0.00	609,622.35	0.00	74.43	31,000,000.40
P	100.00	441,450.90	0.00	0.00	0.00	441,450.90	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	2,000,000,025.97	14,212,859.51	39,755,683.16	880,468.32	40,636,151.48	54,849,010.99	0.00	74.43	1,959,363,948.92


Interest Detail -
	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)
I-A-1	5.25500%	751,533,000.00	4,936,632.39	0.00	0.00	0.00	4,936,632.39	4,936,632.39	0.00
II-A-1	5.16000%	394,768,000.00	2,546,253.60	0.00	0.00	0.00	2,546,253.60	2,546,253.60	0.00
II-A-2	5.21000%	181,200,000.00	1,180,065.00	0.00	0.00	0.00	1,180,065.00	1,180,065.00	0.00
II-A-3	5.27000%	157,393,000.00	1,036,826.39	0.00	0.00	0.00	1,036,826.39	1,036,826.39	0.00
II-A-4	5.35000%	41,106,000.00	274,896.38	0.00	0.00	0.00	274,896.38	274,896.38	0.00
M-1	5.41000%	165,000,000.00	1,115,812.50	0.00	0.00	0.00	1,115,812.50	1,115,812.50	0.00
M-2	5.46000%	40,000,000.00	273,000.00	0.00	0.00	0.00	273,000.00	273,000.00	0.00
M-3	5.53000%	36,000,000.00	248,850.00	0.00	0.00	0.00	248,850.00	248,850.00	0.00
M-4	5.56000%	34,000,000.00	236,300.00	0.00	0.00	0.00	236,300.00	236,300.00	0.00
M-5	5.64000%	33,000,000.00	232,650.00	0.00	0.00	0.00	232,650.00	232,650.00	0.00
M-6	6.10000%	32,000,000.00	244,000.00	0.00	0.00	0.00	244,000.00	244,000.00	0.00
M-7	6.20000%	27,000,000.00	209,250.00	0.00	0.00	0.00	209,250.00	209,250.00	0.00
M-8	7.10000%	22,000,000.00	195,250.00	0.00	0.00	0.00	195,250.00	195,250.00	0.00
M-9	7.60000%	16,000,000.00	152,000.00	0.00	0.00	0.00	152,000.00	152,000.00	0.00
M-10	7.60000%	20,000,000.00	190,000.00	0.00	0.00	0.00	190,000.00	190,000.00	0.00
M-11	6.00000%	18,000,000.00	90,000.00	0.00	0.00	0.00	90,000.00	90,000.00	0.00
C	23.60122%	30,999,925.97	0.00	0.00	0.00	0.00	0.00	609,696.78	0.00
P	0.00000%	100.00	0.00	0.00	0.00	0.00	0.00	441,450.90	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		2,000,000,025.97	13,161,786.26	0.00	0.00	0.00	13,161,786.26	14,212,933.94	0.00



Page 4 of 30

Soundview Home Loan Trust 2006-OPT3



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution

Collection Account Report
SUMMARY

	Group 2	Group 1	Total
Principal Collections	20,201,166.12	20,434,910.93	40,636,077.05
Principal Withrawals	0.00	0.00	0.00
Principal Other Accounts	0.00	0.00	0.00
TOTAL NET PRINCIPAL	20,201,166.12	20,434,910.93	40,636,077.05
Interest Collections	7,214,039.63	6,939,269.29	14,153,308.92
Interest Withdrawals	-0.00	-0.00	-0.00
Interest Other Accounts	178,546.83	262,904.07	441,450.90
Interest Fees	-190,734.51	-191,091.38	-381,825.88
TOTAL NET INTEREST	7,201,851.95	7,011,081.98	14,212,933.94
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION	27,403,018.07	27,445,992.91	54,849,010.99




PRINCIPAL - COLLECTIONS

	Group 2	Group 1	Total
Scheduled Principal Received	397,701.73	482,764.98	880,466.71
Curtailments	35,994.18	36,173.17	72,167.35
Prepayments In Full	19,767,470.21	19,915,972.78	39,683,442.99
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	-123,741.59	-135,601.89	-259,343.48
Realized Losses	-0.00	-0.00	-0.00
Advanced Principal	123,741.59	135,601.89	259,343.48
TOTAL PRINCIPAL COLLECTED	20,201,166.12	20,434,910.93	40,636,077.05




PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK




PRINCIPAL - OTHER ACCOUNTS

SPACE INTENTIONALLY LEFT BLANK






Page 5 of 30

Soundview Home Loan Trust 2006-OPT3



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution


INTEREST - COLLECTIONS

			Group 2	Group 1	Total
Scheduled Interest			7,291,231.32	7,008,161.76	14,299,393.08
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			-43,187.49	-32,511.32	-75,698.81
Delinquent Interest			-2,277,942.83	-2,041,175.54	-4,319,118.37
Interest Realized Loss			0.00	0.00	0.00
Compensating Interest			43,187.50	32,511.32	75,698.81
Civil Relief Act Shortfalls			-0.00	-0.00	-0.00
Interest Advanced			2,200,751.14	1,972,283.06	4,173,034.20
TOTAL INTEREST COLLECTED			7,214,039.63	6,939,269.29	14,153,308.92




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
INTEREST - OTHER ACCOUNTS
		Group 2	Group 1	Total
	Prepayment Charges	441,450.90	441,450.90	441,450.90

	Interest Swap Payment	0.00	0.00	0.00
	Interest Swap Reciept	0.00	0.00	0.00
	Swap Termination Payment	0.00	0.00	0.00
	Swap Termination Payment due to Swap Provider	0.00	0.00	0.00

	TOTAL INTEREST OTHER ACCOUNTS	178,546.83	262,904.07	441,450.90

	Net SWAP Payment to SWAP Provider	0.00	0.00	0.00



INTEREST FEES
INTEREST FEES
		Group 2	Group 1	Total
	Current Servicing Fees	176,565.37	177,350.47	353,915.84
	Current Trustee Fees	0.00	0.00	0.00
	Current Custodian Fees			7,500.00
	Current Credit Risk Manager Fees			20,410.04
	TOTAL INTEREST FEES	190,734.51	191,091.38	381,825.88



Page 6 of 30

Soundview Home Loan Trust 2006-OPT3

Mortgage Pass-Through Certificates

June 26, 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

0.00

Account Deposit

0.00

Account Withdrawls

0.00

Ending Account Balance

0.00

INSURANCE

SPACE INTENTIONALLY LEFT BLANK

STRUCTURAL FEATURES

Group 2

Group 1

Total

Overcollateralization Target Amount

31,000,000.40

Overcollateralization Amount (Beginning)

0.00

Overcollateralization Deficiency Amount

74.43

Overcollateralization Release Amount

0.00

Overcollateralization Amount (Ending)

31,000,000.40

Overcollateralization Deficiency (Ending)

0.00

Excess Overcollateralization (Ending)

0.00

Net Monthly Excess Cashflow

609,696.78

Page 7 of 30

Soundview Home Loan Trust 2006-OPT3



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution

Collateral Report


COLLATERAL




		Group 2	Group 1	Total



Loan Count:


Original	5,132	5,233	10,365
Prior	5,132	5,233	10,365
Prefunding	0	0	0
Scheduled Paid Offs	-0	-0	-0
Full Voluntary Prepayments	-80	-99	-179
Repurchases	-0	-0	-0
Liquidations	-0	-0	-0
Current	5,052	5,134	10,186
Principal Balance:


Original	1,015,028,228.38	984,971,797.59	2,000,000,025.97
Prior	1,015,028,228.38	984,971,797.59	2,000,000,025.97
Prefunding	0.00	0.00	0.00
Scheduled Principal	-397,701.73	-482,764.98	-880,466.71
Partial Prepayments	-35,994.18	-36,173.17	-72,167.35
Full Voluntary Prepayments	-19,767,470.21	-19,915,972.78	-39,683,442.99
Repurchases	-0.00	-0.00	-0.00
Liquidations	-0.00	-0.00	-0.00
Current	994,827,062.26	964,536,886.66	1,959,363,948.92





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK

Page 8 of 30

Soundview Home Loan Trust 2006-OPT3



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution


CHARACTERISTICS
CHARACTERISTICS

	Group 2	Group 1	Total
Weighted Average Coupon Original	8.61994%	8.53811%	8.57964%
Weighted Average Coupon Prior	8.61994%	8.53811%	8.57964%
Weighted Average Coupon Current	8.61994%	8.53811%	8.57964%
Weighted Average Months to Maturity Original	356	356	356
Weighted Average Months to Maturity Prior	356	356	356
Weighted Average Months to Maturity Current	356	356	356
Weighted Avg Remaining Amortization Term Original	390	392	391
Weighted Avg Remaining Amortization Term Prior	390	392	391
Weighted Avg Remaining Amortization Term Current	390	392	391
Weighted Average Seasoning Original	3.31	3.27	3.29
Weighted Average Seasoning Prior	3.31	3.27	3.29
Weighted Average Seasoning Current	3.31	3.27	3.29

Page 9 of 30

Soundview Home Loan Trust 2006-OPT3



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution


ARM CHARACTERISTICS
ARM CHARACTERISTICS

		Group 2	Group 1	Total
Weighted Average Margin Original		6.52913%	6.54202%	6.53551%
Weighted Average Margin Prior		6.52913%	6.54202%	6.53551%
Weighted Average Margin Current		6.52913%	6.54202%	6.53551%
Weighted Average Max Rate Original		14.32886%	14.57390%	14.45006%
Weighted Average Max Rate Prior		14.32886%	14.57390%	14.45006%
Weighted Average Max Rate Current		14.32886%	14.57390%	14.45006%
Weighted Average Min Rate Original		8.31206%	8.56374%	8.43655%
Weighted Average Min Rate Prior		8.31206%	8.56374%	8.43655%
Weighted Average Min Rate Current		8.31206%	8.56374%	8.43655%
Weighted Average Cap Up Original		1.00400%	1.00199%	1.00301%
Weighted Average Cap Up Prior		1.00400%	1.00199%	1.00301%
Weighted Average Cap Up Current		1.00400%	1.00199%	1.00301%
Weighted Average Cap Down Original		1.00400%	1.00199%	1.00301%
Weighted Average Cap Down Prior		1.00400%	1.00199%	1.00301%
Weighted Average Cap Down Current		1.00400%	1.00199%	1.00301%




SERVICING FEES & ADVANCES
SERVICING FEES & ADVANCES

		Group 2	Group 1	Total




Current Servicing Fees		176,565.37	177,350.47	353,915.84
Delinquent Servicing Fees		77,191.69	68,892.48	146,084.17
TOTAL SERVICING FEES		253,757.06	246,242.95	500,000.01


Total Servicing Fees		253,757.06	246,242.95	500,000.01
Compensating Interest		-43,187.50	-32,511.32	-75,698.81
Delinquent Servicing Fees		-77,191.69	-68,892.48	-146,084.17
COLLECTED SERVICING FEES		133,377.88	144,839.16	278,217.05


Total Advaced Interest		2,200,751.14	1,972,283.06	4,173,034.20
Total Advaced Principal		123,741.59	135,601.89	259,343.48
Aggregate Advances with respect to this Distribution		2,324,492.73	2,107,884.95	4,432,377.68






ADDITIONAL COLLATERAL INFORMATION
ADDITIONAL COLLATERAL INFORMATION
		Group 2	Group 1	Total
	Prepayment Interest Shortfall (PPIS)	43,187.49	32,511.32	75,698.81
	Compensating Interest	(43,187.50)	(32,511.32)	(75,698.81)
	Net Prepayment Interest Shortfall (PPIS)	0.00	0.00	0.00

	Weighted Average Net Mortgage Rate	8.514268%	8.541664%	8.527760%







Page 10 of 30

Soundview Home Loan Trust 2006-OPT3



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution

Delinquency Report

TOTAL
		< 1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT	Balance		1,319,776.44	0.00	0.00	1,319,776.44
	% Balance		0.07%	0.00%	0.00%	0.07%
	# Loans		9	0	0	9
	% # Loans		0.09%	0.00%	0.00%	0.09%
FORECLOSURE	Balance	0.00	0.00	0.00	0.00	0.00
	% Balance	0.00%	0.00%	0.00%	0.00%	0.00%
	# Loans	0	0	0	0	0
	% # Loans	0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY	Balance	1,023,425.46	0.00	0.00	0.00	1,023,425.46
	% Balance	0.05%	0.00%	0.00%	0.00%	0.05%
	# Loans	5	0	0	0	5
	% # 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	1,023,425.46	1,319,776.44	0.00	0.00	2,343,201.90
	% Balance	0.05%	0.07%	0.00%	0.00%	0.12%
	# Loans	5	9	0	0	14
	% # Loans	0.05%	0.09%	0.00%	0.00%	0.14%

Page 11 of 30

Soundview Home Loan Trust 2006-OPT3



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution


GROUP 1
		< 1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT	Balance		408,459.56	0.00	0.00	408,459.56
	% Balance		0.04%	0.00%	0.00%	0.04%
	# Loans		3	0	0	3
	% # Loans		0.06%	0.00%	0.00%	0.06%
FORECLOSURE	Balance	0.00	0.00	0.00	0.00	0.00
	% Balance	0.00%	0.00%	0.00%	0.00%	0.00%
	# Loans	0	0	0	0	0
	% # Loans	0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY	Balance	907,771.07	0.00	0.00	0.00	907,771.07
	% Balance	0.09%	0.00%	0.00%	0.00%	0.09%
	# Loans	4	0	0	0	4
	% # Loans	0.08%	0.00%	0.00%	0.00%	0.08%
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	907,771.07	408,459.56	0.00	0.00	1,316,230.63
	% Balance	0.09%	0.04%	0.00%	0.00%	0.14%
	# Loans	4	3	0	0	7
	% # Loans	0.08%	0.06%	0.00%	0.00%	0.14%

Page 12 of 30

Soundview Home Loan Trust 2006-OPT3



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution


GROUP 2
		< 1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT	Balance		911,316.88	0.00	0.00	911,316.88
	% Balance		0.09%	0.00%	0.00%	0.09%
	# Loans		6	0	0	6
	% # Loans		0.12%	0.00%	0.00%	0.12%
FORECLOSURE	Balance	0.00	0.00	0.00	0.00	0.00
	% Balance	0.00%	0.00%	0.00%	0.00%	0.00%
	# Loans	0	0	0	0	0
	% # Loans	0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY	Balance	115,654.39	0.00	0.00	0.00	115,654.39
	% Balance	0.01%	0.00%	0.00%	0.00%	0.01%
	# 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	115,654.39	911,316.88	0.00	0.00	1,026,971.27
	% Balance	0.01%	0.09%	0.00%	0.00%	0.10%
	# Loans	1	6	0	0	7
	% # Loans	0.02%	0.12%	0.00%	0.00%	0.14%

Page 13 of 30

Soundview Home Loan Trust 2006-OPT3

Mortgage Pass-Through 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

Page 14 of 30

Soundview Home Loan Trust 2006-OPT3

Mortgage Pass-Through Certificates

June 26, 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

Page 15 of 30

Soundview Home Loan Trust 2006-OPT3



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution

Prepayment Report

VOLUNTARY PREPAYMENTS



		Group 2	Group 1	Total


Current


Number of Paid in Full Loans	80	99	179
Number of Repurchased Loans	0	0	0
Total Number of Loans Prepaid in Full	80	99	179
Curtailments Amount	35,994.18	36,173.17	72,167.35
Paid in Full Balance	19,767,470.21	19,915,972.78	39,683,442.99
Repurchased Loans Balance	0.00	0.00	0.00
Total Prepayment Amount	19,803,464.39	19,952,145.95	39,755,610.34
Cumulative


Number of Paid in Full Loans	80	99	179
Number of Repurchased Loans	0	0	0
Total Number of Loans Prepaid in Full	80	99	179
Paid in Full Balance	19,767,470.21	19,915,972.78	39,683,442.99
Repurchased Loans Balance	0.00	0.00	0.00
Curtailments Amount	35,994.18	36,173.17	72,167.35
Total Prepayment Amount	19,803,464.39	19,952,145.95	39,755,610.34

Page 16 of 30

Soundview Home Loan Trust 2006-OPT3



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution


VOLUNTARY PREPAYMENTS RATES



		Group 2	Group 1	Total





SMM	1.95%	2.03%	1.99%
3 Months Avg SMM	1.95%	2.03%	1.99%
12 Months Avg SMM	1.95%	2.03%	1.99%
Avg SMM Since Cut-off	1.95%	2.03%	1.99%



CPR	21.06%	21.78%	21.42%
3 Months Avg CPR	21.06%	21.78%	21.42%
12 Months Avg CPR	21.06%	21.78%	21.42%
Avg CPR Since Cut-off	21.06%	21.78%	21.42%



PSA	3,185.75%	3,329.11%	3,256.09%
3 Months Avg PSA Approximation	3,185.75%	3,329.11%	3,256.09%
12 Months Avg PSA Approximation	3,185.75%	3,329.11%	3,256.09%
Avg PSA Since Cut-off Approximation	3,185.75%	3,329.11%	3,256.09%

Page 17 of 30

Soundview Home Loan Trust 2006-OPT3

Mortgage Pass-Through 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 18 of 30

Soundview Home Loan Trust 2006-OPT3



Mortgage Pass-Through Certificates
Mortgage Pass-Through 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

51062488 1		175,500.00	175,137.41	13-Jun-2006	9.350%	GA - 89.81%	Paid Off - 360	01-Feb-2006
51062488 1		175,500.00	175,137.41	13-Jun-2006	9.350%	GA - 89.81%	Paid Off - 360	01-Feb-2006
51063528 1		59,200.00	59,181.04	25-May-2006	11.490%	GA - 79.97%	Paid Off - 360	01-May-2006
61064445 1		157,700.00	157,537.23	11-May-2006	9.290%	OH - 94.90%	Paid Off - 360	01-Apr-2006
61065878 1		213,350.00	213,350.00	26-May-2006	6.550%	FL - 85.00%	Paid Off - 360	01-May-2006
71071149 2		106,000.00	105,845.62	22-May-2006	9.600%	FL - 56.41%	Paid Off - 360	01-Mar-2006
71071289 2		202,500.00	202,327.61	05-Jun-2006	10.200%	FL - 89.92%	Paid Off - 360	01-Apr-2006
71071336 2		29,250.00	29,137.24	24-May-2006	12.450%	FL - 94.94%	Paid Off - 180	01-Apr-2006
71071450 1		131,200.00	131,127.58	02-Jun-2006	8.950%	FL - 79.96%	Paid Off - 360	01-May-2006
81060743 1		116,000.00	115,762.12	31-May-2006	9.400%	VA - 79.84%	Paid Off - 360	01-Feb-2006
81060912 1		192,000.00	191,625.65	26-May-2006	9.600%	MD - 79.84%	Paid Off - 360	01-Feb-2006
101052653 2		438,000.00	436,759.52	12-Jun-2006	8.950%	TX - 76.62%	Paid Off - 360	01-Jan-2006
111001079 1		75,000.00	74,752.83	19-May-2006	7.500%	HI - 24.11%	Paid Off - 360	01-Feb-2006
111001184 2		200,000.00	199,370.25	13-Jun-2006	7.250%	HI - 63.29%	Paid Off - 360	01-Feb-2006
111001306 2		177,000.00	176,953.68	15-Jun-2006	12.400%	HI - 77.59%	Paid Off - 360	15-Apr-2006
121045378 1		243,000.00	242,130.08	31-May-2006	9.050%	IL - 89.68%	Paid Off - 360	01-Feb-2006
121045395 1		237,600.00	236,981.45	07-Jun-2006	8.200%	WI - 89.77%	Paid Off - 360	01-Feb-2006
121045649 2		25,001.00	24,977.05	01-May-2006	11.550%	IA - 99.10%	Paid Off - 360	01-Mar-2006
121046469 1		114,500.00	114,438.10	01-May-2006	9.050%	WI - 49.97%	Paid Off - 360	01-May-2006
131038387 1		122,400.00	122,335.88	30-May-2006	9.200%	OH - 89.95%	Paid Off - 360	01-May-2006
141053348 1		184,500.00	184,403.36	15-Jun-2006	9.700%	CT - 89.95%	Paid Off - 360	01-Mar-2006
141053464 1		344,000.00	343,913.56	06-Jun-2006	8.450%	NY - 79.98%	Paid Off - 360	01-May-2006
141053466 2		133,150.00	133,029.81	07-Jun-2006	9.925%	NY - 89.92%	Paid Off - 360	01-Apr-2006
141053968 2		96,995.00	96,957.28	03-May-2006	10.600%	CT - 94.96%	Paid Off - 360	01-May-2006
141054051 1		415,000.00	414,852.65	18-May-2006	7.250%	NY - 36.07%	Paid Off - 360	01-May-2006
151031526 2		315,000.00	314,352.83	13-Jun-2006	9.350%	NJ - 89.82%	Paid Off - 360	01-Feb-2006
151031901 1		162,000.00	161,626.08	08-Jun-2006	7.350%	PA - 89.79%	Paid Off - 360	01-Mar-2006
161047166 1		337,500.00	336,757.40	05-May-2006	9.050%	MA - 74.83%	Paid Off - 360	01-Feb-2006
161047172 1		294,000.00	292,917.84	07-Jun-2006	6.450%	MA - 39.06%	Paid Off - 360	01-Feb-2006
161047202 1		250,250.00	249,395.59	13-Jun-2006	6.850%	MA - 64.78%	Paid Off - 360	01-Feb-2006
161048150 2		566,000.00	565,531.45	26-May-2006	6.950%	MA - 83.78%	Paid Off - 360	01-May-2006
171030349 2		204,142.00	203,847.81	31-May-2006	9.650%	AZ - 89.87%	Paid Off - 360	01-Mar-2006
171031140 2		228,000.00	227,779.04	31-May-2006	9.590%	AZ - 94.91%	Paid Off - 360	01-Apr-2006
171031401 2		542,500.00	542,344.60	01-Jun-2006	8.000%	CA - 69.53%	Paid Off - 360	01-May-2006
191028839 2		50,400.00	50,344.69	05-Jun-2006	10.925%	ID - 99.98%	Paid Off - 360	01-Mar-2006
211037129 2		226,237.00	225,610.80	16-May-2006	9.900%	KY - 94.74%	Paid Off - 360	01-Dec-2005
211039146 2		476,000.00	475,984.34	13-Jun-2006	8.700%	VA - 69.69%	Paid Off - 360	01-Feb-2006
211039331 2		381,500.00	380,575.21	26-May-2006	8.550%	MD - 69.83%	Paid Off - 360	01-Feb-2006
211040189 2		54,000.00	53,959.95	07-Jun-2006	12.700%	MD - 99.99%	Paid Off - 360	01-Mar-2006
211040929 1		150,000.00	149,842.24	11-May-2006	9.200%	AZ - 71.35%	Paid Off - 360	01-Apr-2006
211041113 2		203,585.00	203,403.74	10-May-2006	9.990%	VA - 94.92%	Paid Off - 360	01-Apr-2006


Page 19 of 30

Soundview Home Loan Trust 2006-OPT3



Mortgage Pass-Through Certificates
Mortgage Pass-Through 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

211041501 2		221,350.00	221,124.40	03-May-2006	9.350%	VA - 94.90%	Paid Off - 360	01-Apr-2006
211041501 2		221,350.00	221,124.40	03-May-2006	9.350%	VA - 94.90%	Paid Off - 360	01-Apr-2006
211042414 2		275,408.00	275,331.36	03-May-2006	8.100%	MD - 79.98%	Paid Off - 360	01-May-2006
231076522 1		136,800.00	136,406.10	15-Jun-2006	7.700%	MA - 79.77%	Paid Off - 360	01-Feb-2006
231077328 1		305,010.00	303,997.43	13-Jun-2006	6.990%	NJ - 33.59%	Paid Off - 360	01-Feb-2006
231077685 1		100,996.00	100,818.86	24-May-2006	10.100%	PA - 73.06%	Paid Off - 360	01-Feb-2006
231077997 2		401,501.70	401,096.74	02-Jun-2006	9.400%	NJ - 89.91%	Paid Off - 360	01-Apr-2006
231078107 2		722,500.00	720,521.53	10-May-2006	7.950%	MA - 84.77%	Paid Off - 360	01-Feb-2006
231078113 1		162,450.00	162,213.39	14-Jun-2006	9.600%	CT - 94.86%	Paid Off - 360	01-Mar-2006
231078246 1		168,000.00	167,957.16	15-Jun-2006	8.400%	MA - 79.98%	Paid Off - 360	01-May-2006
231078355 1		97,200.00	97,053.90	11-May-2006	9.450%	PA - 89.86%	Paid Off - 360	01-Mar-2006
231078547 2		75,000.00	74,968.30	07-Jun-2006	13.370%	MA - 92.38%	Paid Off - 360	01-Apr-2006
231079000 2		177,000.00	176,945.47	05-Jun-2006	10.100%	NJ - 94.62%	Paid Off - 360	01-Apr-2006
231079235 2		398,905.00	398,443.22	01-May-2006	9.500%	MA - 94.89%	Paid Off - 360	01-Apr-2006
231079339 2		137,655.00	137,617.75	30-May-2006	12.250%	CT - 94.97%	Paid Off - 360	01-May-2006
231079370 2		37,000.00	36,979.88	02-May-2006	12.250%	RI - 99.99%	Paid Off - 360	01-Apr-2006
231079478 1		292,000.00	291,714.63	07-Jun-2006	9.550%	MA - 79.92%	Paid Off - 360	01-Apr-2006
261056566 1		100,100.00	100,049.72	30-May-2006	9.400%	FL - 69.48%	Paid Off - 360	01-May-2006
271026825 2		148,000.00	147,918.04	25-May-2006	9.950%	TN - 79.96%	Paid Off - 360	01-Mar-2006
271026888 2		22,750.00	22,732.15	01-Jun-2006	12.450%	NH - 72.71%	Paid Off - 360	01-Mar-2006
271026937 2		43,000.00	42,958.82	16-May-2006	11.550%	CT - 77.93%	Paid Off - 360	01-Mar-2006
271027246 2		53,000.00	52,871.21	01-May-2006	10.650%	NY - 45.67%	Paid Off - 240	01-Apr-2006
291003513 1		168,000.00	167,641.86	14-Jun-2006	9.200%	VA - 74.84%	Paid Off - 360	01-Feb-2006
291003541 1		160,000.00	159,665.81	14-Jun-2006	9.300%	VA - 33.26%	Paid Off - 360	01-Feb-2006
291004405 2		62,000.00	61,961.63	15-Jun-2006	11.670%	MA - 52.37%	Paid Off - 360	01-Apr-2006
301003527 1		150,750.00	150,380.79	02-Jun-2006	8.500%	OR - 74.82%	Paid Off - 360	01-Feb-2006
301003831 1		165,000.00	164,653.13	02-Jun-2006	9.240%	WA - 74.84%	Paid Off - 360	01-Feb-2006
301003917 2		506,250.00	504,945.33	01-Jun-2006	8.250%	ID - 74.81%	Paid Off - 360	01-Feb-2006
311029396 1		157,500.00	157,184.71	25-May-2006	10.700%	NJ - 69.86%	Paid Off - 360	01-Jan-2006
311029536 1		202,500.00	202,004.06	12-Jun-2006	8.500%	NJ - 74.27%	Paid Off - 360	01-Feb-2006
311029584 2		557,000.00	556,061.67	26-May-2006	10.300%	NJ - 64.66%	Paid Off - 360	01-Feb-2006
311029604 2		583,000.00	581,353.51	05-Jun-2006	8.700%	NJ - 79.75%	Paid Off - 360	01-Feb-2006
311029921 2		340,000.00	340,000.00	07-Jun-2006	9.400%	NJ - 80.00%	Paid Off - 360	01-Apr-2006
321032561 2		117,900.00	117,810.84	25-May-2006	10.750%	CO - 89.93%	Paid Off - 360	01-Apr-2006
331043555 1		382,690.00	381,951.70	02-Jun-2006	9.650%	NY - 76.85%	Paid Off - 360	01-Feb-2006
331043718 1		200,000.00	199,529.88	06-Jun-2006	8.700%	NY - 66.51%	Paid Off - 360	01-Feb-2006
331044375 1		432,000.00	431,624.13	02-Jun-2006	7.980%	NY - 79.93%	Paid Off - 360	01-Mar-2006
331044762 2		144,000.00	143,862.12	05-Jun-2006	11.550%	NY - 94.70%	Paid Off - 360	01-Mar-2006
341029572 1		84,370.00	84,208.95	06-Jun-2006	9.700%	NC - 58.89%	Paid Off - 360	01-Feb-2006
341029719 2		138,210.00	137,940.55	15-May-2006	9.600%	NC - 84.83%	Paid Off - 360	01-Feb-2006
341030293 2		47,000.00	46,956.47	17-May-2006	11.700%	NC - 99.98%	Paid Off - 360	01-Mar-2006
341030856 1		340,000.00	339,634.84	15-Jun-2006	9.100%	NC - 77.19%	Paid Off - 360	01-Apr-2006
341031994 1		80,000.00	80,000.00	06-Jun-2006	10.450%	VA - 60.15%	Paid Off - 360	01-Jun-2006
341031994 1			80,000.00		10.450%	VA - 60.15%	Paid Off - 360

Page 20 of 30

Soundview Home Loan Trust 2006-OPT3



Mortgage Pass-Through Certificates
Mortgage Pass-Through 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

371029828 2		105,600.00	105,172.05	09-May-2006	8.050%	FL - 79.68%	Paid Off - 360	01-Dec-2005
371029828 2		105,600.00	105,172.05	09-May-2006	8.050%	FL - 79.68%	Paid Off - 360	01-Dec-2005
371031837 2		286,042.00	285,672.20	09-May-2006	8.200%	FL - 89.88%	Paid Off - 360	01-Apr-2006
371031987 1		164,500.00	164,296.25	03-May-2006	8.410%	FL - 69.91%	Paid Off - 360	01-Apr-2006
381025781 1		189,000.00	188,599.39	24-May-2006	9.200%	RI - 53.13%	Paid Off - 360	01-Feb-2006
381026318 1		388,000.00	387,120.01	03-May-2006	7.450%	MA - 60.49%	Paid Off - 360	01-Mar-2006
381026355 1		283,500.00	282,729.90	02-Jun-2006	7.990%	MA - 79.64%	Paid Off - 360	01-Feb-2006
381026364 1		246,500.00	246,489.93	30-May-2006	7.500%	MA - 73.80%	Paid Off - 360	01-Feb-2006
381026776 2		72,000.00	71,959.28	23-May-2006	12.075%	MA - 99.99%	Paid Off - 360	01-Apr-2006
381026862 2		54,000.00	53,960.41	25-May-2006	12.750%	MA - 85.49%	Paid Off - 360	01-Apr-2006
381027261 1		242,000.00	241,807.05	15-May-2006	7.140%	RI - 60.45%	Paid Off - 360	01-May-2006
401005920 1		233,000.00	232,412.59	01-Jun-2006	8.375%	VT - 60.37%	Paid Off - 360	01-Feb-2006
401006818 2		256,000.00	255,949.92	02-May-2006	9.295%	CA - 79.98%	Paid Off - 360	01-May-2006
401006970 1		109,200.00	109,168.72	01-Jun-2006	8.000%	CA - 69.53%	Paid Off - 360	01-May-2006
511038861 2		123,000.00	122,486.00	25-May-2006	8.750%	VA - 84.47%	Paid Off - 360	01-Nov-2005
511043833 2		80,000.00	79,950.84	25-May-2006	11.700%	VA - 99.99%	Paid Off - 360	01-Apr-2006
511044886 1		289,000.00	288,937.34	02-Jun-2006	8.950%	CA - 84.98%	Paid Off - 360	01-May-2006
511045088 2		446,250.00	446,250.00	08-Jun-2006	8.100%	CA - 100.00%	Paid Off - 360	01-May-2006
521032915 1		118,500.00	118,253.22	03-May-2006	9.300%	IL - 74.84%	Paid Off - 360	01-Mar-2006
521033990 1		146,250.00	146,118.67	30-May-2006	9.950%	IL - 74.93%	Paid Off - 360	01-Apr-2006
521035726 1		232,200.00	232,140.80	30-May-2006	8.400%	IL - 89.63%	Paid Off - 360	01-May-2006
521035813 1		174,250.00	174,146.59	13-Jun-2006	8.600%	IL - 82.93%	Paid Off - 360	01-May-2006
521036082 2		271,000.00	270,856.54	03-May-2006	9.150%	OH - 99.95%	Paid Off - 360	01-May-2006
581006224 1		352,000.00	351,387.99	24-May-2006	8.750%	CA - 64.47%	Paid Off - 360	01-Mar-2006
581006641 2		531,000.00	530,539.31	03-May-2006	7.990%	CA - 89.92%	Paid Off - 360	01-Mar-2006
581007079 2		680,000.00	680,000.00	01-Jun-2006	7.890%	AZ - 80.00%	Paid Off - 360	01-May-2006
581007119 2		344,000.00	343,744.39	02-Jun-2006	7.100%	NV - 79.94%	Paid Off - 360	01-Apr-2006
611021069 1		396,000.00	394,597.68	14-Jun-2006	6.650%	NY - 79.72%	Paid Off - 360	01-Feb-2006
611021488 1		162,400.00	162,234.47	14-Jun-2006	9.350%	FL - 79.92%	Paid Off - 360	01-Apr-2006
621013980 2		152,000.00	152,000.00	02-May-2006	9.600%	FL - 80.00%	Paid Off - 360	01-Mar-2006
621014071 2		50,000.00	49,957.74	15-Jun-2006	13.350%	FL - 73.17%	Paid Off - 360	01-Mar-2006
621014348 2		185,099.00	184,972.26	05-May-2006	7.900%	FL - 79.95%	Paid Off - 360	01-May-2006
631010976 2		130,000.00	129,876.89	23-May-2006	11.600%	CA - 64.94%	Paid Off - 360	01-Mar-2006
651014697 1		112,500.00	112,382.35	13-Jun-2006	8.350%	AZ - 74.92%	Paid Off - 360	01-Feb-2006
651015374 2		167,600.00	167,122.22	17-May-2006	7.750%	GA - 79.77%	Paid Off - 360	01-Feb-2006
651015515 1		171,000.00	170,798.73	05-May-2006	10.600%	MD - 59.93%	Paid Off - 360	01-Mar-2006
651016363 1		199,750.00	199,580.75	01-Jun-2006	10.250%	FL - 84.93%	Paid Off - 360	01-Apr-2006
651016684 1		232,500.00	232,132.54	06-Jun-2006	7.200%	MD - 74.88%	Paid Off - 360	01-Apr-2006
651016765 2		787,500.00	786,550.38	09-Jun-2006	8.550%	MI - 74.91%	Paid Off - 360	01-Apr-2006
651016988 1		200,000.00	199,680.77	17-May-2006	7.150%	VA - 60.51%	Paid Off - 360	01-Apr-2006
661012431 2		220,500.00	219,820.87	13-Jun-2006	8.250%	CA - 89.72%	Paid Off - 360	01-Feb-2006
661012641 1		225,000.00	224,350.13	14-Jun-2006	7.700%	FL - 46.26%	Paid Off - 360	01-Feb-2006
661012981 1		185,500.00	185,131.19	02-Jun-2006	11.400%	AZ - 69.86%	Paid Off - 360	01-Feb-2006
661012981 1			185,131.19		11.400%	AZ - 69.86%	Paid Off - 360

Page 21 of 30

Soundview Home Loan Trust 2006-OPT3



Mortgage Pass-Through Certificates
Mortgage Pass-Through 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

661013168 1		180,000.00	179,653.55	01-May-2006	9.800%	NV - 74.24%	Paid Off - 360	01-Feb-2006
661013168 1		180,000.00	179,653.55	01-May-2006	9.800%	NV - 74.24%	Paid Off - 360	01-Feb-2006
661013643 2		80,000.00	79,922.40	13-Jun-2006	11.490%	CA - 64.89%	Paid Off - 360	01-Mar-2006
661013893 1		150,000.00	149,843.88	25-May-2006	9.250%	CA - 36.55%	Paid Off - 360	01-Apr-2006
661014436 1		337,500.00	337,238.46	15-Jun-2006	6.950%	CA - 74.94%	Paid Off - 360	01-Apr-2006
671010906 1		206,000.00	205,804.54	14-Jun-2006	6.250%	FL - 79.92%	Paid Off - 360	01-May-2006
671010987 2		788,500.00	788,078.47	10-May-2006	8.250%	CA - 94.95%	Paid Off - 360	01-Apr-2006
671011018 1		169,000.00	168,715.23	06-Jun-2006	6.875%	CA - 61.13%	Paid Off - 360	01-Apr-2006
671011047 1		292,500.00	291,783.66	09-May-2006	8.500%	MO - 74.82%	Paid Off - 360	01-Feb-2006
671011267 1		157,000.00	156,930.30	17-May-2006	6.450%	CA - 60.36%	Paid Off - 360	01-May-2006
681010552 1		192,000.00	191,543.06	11-May-2006	8.640%	VT - 79.81%	Paid Off - 360	01-Feb-2006
681010707 2		358,000.00	357,067.99	11-May-2006	8.200%	MA - 79.79%	Paid Off - 360	01-Feb-2006
681010931 2		34,800.00	34,785.72	05-Jun-2006	13.500%	ME - 68.91%	Paid Off - 360	01-Apr-2006
681011017 1		110,000.00	109,866.41	07-Jun-2006	9.650%	MA - 68.67%	Paid Off - 360	01-Apr-2006
681011162 2		599,900.00	599,262.42	05-Jun-2006	9.150%	MA - 99.89%	Paid Off - 360	01-Apr-2006
691006841 2		425,000.00	423,882.31	08-May-2006	8.150%	VA - 64.81%	Paid Off - 360	01-Feb-2006
691006970 1		225,000.00	224,474.47	11-May-2006	8.750%	MD - 74.82%	Paid Off - 360	01-Feb-2006
691006980 1		222,000.00	221,459.33	31-May-2006	8.550%	MD - 83.57%	Paid Off - 360	01-Feb-2006
691007277 1		233,000.00	232,871.24	09-May-2006	8.150%	MD - 53.53%	Paid Off - 360	01-Apr-2006
691007341 1		336,000.00	335,538.35	15-Jun-2006	7.900%	MD - 79.89%	Paid Off - 360	01-Apr-2006
691007703 1		124,000.00	123,924.88	08-Jun-2006	8.500%	DC - 79.95%	Paid Off - 360	01-May-2006
691007766 2		50,000.00	49,988.18	02-May-2006	12.850%	VA - 58.59%	Paid Off - 360	01-May-2006
691007961 1		31,000.00	30,990.21	08-Jun-2006	11.550%	DC - 99.99%	Paid Off - 360	01-May-2006
711009316 1		118,300.00	118,025.57	01-May-2006	8.800%	VT - 69.84%	Paid Off - 360	01-Feb-2006
731013840 1		215,000.00	214,567.43	13-Jun-2006	9.450%	MD - 63.11%	Paid Off - 360	01-Feb-2006
731014015 1		67,000.00	66,940.89	25-May-2006	10.450%	VA - 62.56%	Paid Off - 360	01-Apr-2006
731014123 1		108,000.00	107,888.76	31-May-2006	11.300%	MD - 89.91%	Paid Off - 360	01-Mar-2006
731014741 2		450,000.00	450,000.00	25-May-2006	8.475%	MD - 65.22%	Paid Off - 360	01-May-2006
761014201 1		50,000.00	49,883.59	13-Jun-2006	12.040%	WI - 71.26%	Paid Off - 360	01-Jan-2006
761014929 2		229,500.00	229,077.95	01-Jun-2006	9.900%	IL - 89.83%	Paid Off - 360	01-Feb-2006
761014991 1		104,000.00	103,859.12	10-May-2006	11.300%	WI - 79.89%	Paid Off - 360	01-Feb-2006
761015028 1		104,000.00	103,825.93	22-May-2006	10.320%	IL - 79.87%	Paid Off - 360	01-Feb-2006
831059468 1		328,000.00	327,168.57	26-May-2006	6.875%	FL - 79.80%	Paid Off - 360	01-Mar-2006
831059572 2		459,000.00	458,124.85	23-May-2006	8.300%	NJ - 84.84%	Paid Off - 360	01-Mar-2006
831059573 1		388,000.00	387,358.10	10-May-2006	8.990%	NJ - 79.87%	Paid Off - 360	01-Mar-2006
831059587 2		382,500.00	382,500.00	24-May-2006	8.650%	NJ - 85.00%	Paid Off - 360	01-Mar-2006
831059615 1		210,000.00	209,751.97	08-May-2006	11.963%	NJ - 57.94%	Paid Off - 360	01-Feb-2006
831059782 1		300,000.00	299,341.19	02-Jun-2006	7.600%	CA - 69.61%	Paid Off - 360	01-Mar-2006
831059802 1		157,000.00	156,479.70	13-Jun-2006	6.990%	CA - 57.96%	Paid Off - 360	01-Feb-2006
831060608 2		67,800.00	67,742.89	14-Jun-2006	10.250%	CA - 99.98%	Paid Off - 360	01-Apr-2006
831060622 2		25,800.00	25,784.66	09-May-2006	11.850%	FL - 99.99%	Paid Off - 360	01-Apr-2006
831061003 2		92,000.00	92,000.00	11-May-2006	9.490%	GA - 80.00%	Paid Off - 360	01-Apr-2006
831061496 2		112,000.00	111,891.69	31-May-2006	9.600%	FL - 74.59%	Paid Off - 360	01-Apr-2006
831061496 2			111,891.69		9.600%	FL - 74.59%	Paid Off - 360

Page 22 of 30

Soundview Home Loan Trust 2006-OPT3

Mortgage Pass-Through 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

Principal

Prepayment

Note

LTV at

Payment

Loan Group

Status

Balance

Amount

Date

Rate

Origination

Original Term

Date

831062001 2

256,500.00

256,353.95

05-May-2006

8.800%

NJ - 89.95%

Paid Off - 360

01-May-2006

841010068 2

86,000.00

85,853.38

25-May-2006

10.300%

MI - 79.86%

Paid Off - 360

01-Feb-2006

841011443 1

166,500.00

166,392.17

01-Jun-2006

8.990%

MI - 89.94%

Paid Off - 360

01-Mar-2006

841011564 1

128,500.00

128,373.08

14-Jun-2006

9.500%

MI - 66.51%

Paid Off - 360

01-Apr-2006

841012164 1

132,050.00

132,027.13

15-May-2006

9.700%

MI - 94.98%

Paid Off - 360

01-May-2006

851002641 1

165,000.00

164,624.51

22-May-2006

8.990%

NJ - 74.83%

Paid Off - 360

01-Feb-2006

851002704 1

238,500.00

238,020.15

24-May-2006

9.450%

NJ - 89.82%

Paid Off - 360

01-Feb-2006

851003188 2

104,000.00

103,918.87

31-May-2006

7.250%

PA - 83.14%

Paid Off - 360

01-May-2006

861000365 1

156,800.00

156,250.57

26-May-2006

7.850%

FL - 79.72%

Paid Off - 360

01-Jan-2006

861000433 1

174,850.00

174,559.30

10-May-2006

9.000%

FL - 64.89%

Paid Off - 360

01-Mar-2006

871003611 2

386,000.00

384,899.67

10-May-2006

7.750%

NY - 63.10%

Paid Off - 360

01-Feb-2006

871003849 1

459,000.00

458,181.67

16-May-2006

8.640%

NJ - 89.84%

Paid Off - 360

01-Mar-2006

871004026 1

300,900.00

300,559.61

11-May-2006

8.850%

NJ - 77.46%

Paid Off - 360

01-Apr-2006

TOTAL

39,741,596.70

39,683,442.99

Page 23 of 30

Soundview Home Loan Trust 2006-OPT3



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 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 24 of 30

Soundview Home Loan Trust 2006-OPT3



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 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 25 of 30

Soundview Home Loan Trust 2006-OPT3

Mortgage Pass-Through 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 26 of 30

Soundview Home Loan Trust 2006-OPT3

Mortgage Pass-Through 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 27 of 30

Soundview Home Loan Trust 2006-OPT3

Mortgage Pass-Through Certificates

June 26, 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)

24.1915%

Delinquency Percentage

0.0000%

Realized Loss Percentage

0.0000%

Ending Balance

1,959,363,948.92

Senior Credit Enhancement Percentage

23.7000%

ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK

ADDITIONAL INFORMATION

Group 2

Group 1

Total

LIBOR Rate Determination Date

05/10/2006

Libor For Current Period

5.10000%

NEXT LIBOR Rate Determination Date

06/22/2006

Libor For Next Period

5.32250%

Page 28 of 30

Soundview Home Loan Trust 2006-OPT3



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
June 26, 2006 Distribution

Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

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

	I-A-1	0.05%	$0.00	$0.00
		0.05%	$0.00	$0.00
	II-A-1	0.05%	$0.00	$0.00
		0.05%	$0.00	$0.00
	II-A-2	0.05%	$0.00	$0.00
		0.05%	$0.00	$0.00
	II-A-3	0.05%	$0.00	$0.00
		0.05%	$0.00	$0.00
	II-A-4	0.06%	$0.00	$0.00
		0.06%	$0.00	$0.00
	M-1	0.06%	$0.00	$0.00
		0.06%	$0.00	$0.00
	M-2	0.06%	$0.00	$0.00
		0.06%	$0.00	$0.00
	M-3	0.06%	$0.00	$0.00
		0.06%	$0.00	$0.00
	M-4	0.06%	$0.00	$0.00
		0.06%	$0.00	$0.00
	M-5	0.06%	$0.00	$0.00
		0.06%	$0.00	$0.00
	M-6	0.06%	$0.00	$0.00
		0.06%	$0.00	$0.00
	M-7	0.06%	$0.00	$0.00
		0.06%	$0.00	$0.00
	M-8	0.07%	$0.00	$0.00
		0.07%	$0.00	$0.00
	M-9	0.08%	$0.00	$0.00
		0.08%	$0.00	$0.00
	M-10	0.08%	$0.00	$0.00
		0.08%	$0.00	$0.00
	M-11	0.00%	$0.00	$0.00
		0.00%	$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 29 of 30

Soundview Home Loan Trust 2006-OPT3

Mortgage Pass-Through Certificates

June 26, 2006 Distribution

Other Related Information

ADDITIONAL INFORMATION

SPACE INTENTIONALLY LEFT BLANK

Page 30 of 30

Soundview Home Loan Trust 2006-OPT3 10-D