Soundview Home Loan Trust 2006-EQ1

Mortgage Pass-Through Certificates

December 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

Saxon Mortgage Services, Inc.

4. Collateral Report

5. Delinquency Report

Underwriter(s)

6. REO Report

RBS Greenwich Capital

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

Total Number of Pages

Dates

Contacts

Cut-Off Date:

September 01, 2006

Manuel Rivas

Close Date:

September 15, 2006

Administrator

First Distribution Date:

October 25, 2006

(714) 247-6265

Manuel.Rivas@db.com

Address:

Distribution Date:

December 26, 2006

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

Record Date:

November 30, 2006

Factor Information:

(800) 735-7777

December 22, 2006

Main Phone Number:

(714) 247-6000

Determination Date

December 13, 2006

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

Page 1 of 25

Soundview Home Loan Trust 2006-EQ1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
December 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)
A-1	SR	$	641,866,000.00	605,477,478.10	2,619,194.66	25,238,358.03	27,857,552.69	0.00	0.00	580,239,120.07
A-1	SR	$	641,866,000.00	605,477,478.10	2,619,194.66	25,238,358.03	27,857,552.69	0.00	0.00	580,239,120.07
A-2	SR	$	285,626,000.00	285,626,000.00	1,249,375.73	0.00	1,249,375.73	0.00	0.00	285,626,000.00
A-3	SR	$	303,352,000.00	303,352,000.00	1,339,130.55	0.00	1,339,130.55	0.00	0.00	303,352,000.00
A-4	SR	$	108,462,000.00	108,462,000.00	486,662.97	0.00	486,662.97	0.00	0.00	108,462,000.00
M-1	MEZ	$	71,671,000.00	71,671,000.00	321,583.80	0.00	321,583.80	0.00	0.00	71,671,000.00
M-2	MEZ	$	56,992,000.00	56,992,000.00	258,933.65	0.00	258,933.65	0.00	0.00	56,992,000.00
M-3	MEZ	$	37,994,000.00	37,994,000.00	173,231.53	0.00	173,231.53	0.00	0.00	37,994,000.00
M-4	MEZ	$	30,223,000.00	30,223,000.00	138,530.48	0.00	138,530.48	0.00	0.00	30,223,000.00
M-5	MEZ	$	27,632,000.00	27,632,000.00	127,544.71	0.00	127,544.71	0.00	0.00	27,632,000.00
M-6	MEZ	$	27,632,000.00	27,632,000.00	128,657.66	0.00	128,657.66	0.00	0.00	27,632,000.00
M-7	MEZ	$	23,315,000.00	23,315,000.00	114,942.95	0.00	114,942.95	0.00	0.00	23,315,000.00
M-8	MEZ	$	12,953,000.00	12,953,000.00	64,901.73	0.00	64,901.73	0.00	0.00	12,953,000.00
M-9	MEZ	$	21,588,000.00	21,588,000.00	125,558.21	0.00	125,558.21	0.00	0.00	21,588,000.00
M-10	MEZ/NOF	$	28,496,000.00	28,496,000.00	168,031.41	0.00	168,031.41	0.00	0.00	28,496,000.00
C	SUB	$	49,219,569.06	49,220,117.57	3,799,109.82	0.00	3,799,109.82	0.00	0.00	49,220,117.57
P	SUB	$	100.00	100.00	144,198.01	0.00	144,198.01	0.00	0.00	100.00
R	RES	$	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RX	RES	$	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Total		1,727,021,669.06	1,690,633,695.67	11,259,587.87	25,238,358.03	36,497,945.90	0.00	0.00	1,665,395,337.64
Total




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	11/27/06	12/25/06	A-Act/360	83612JAA2	641,866,000.00	943.308226	4.080594	39.320291	43.400885	903.987935
A-1	11/27/06	12/25/06	A-Act/360	83612JAA2	641,866,000.00	943.308226	4.080594	39.320291	43.400885	903.987935
A-2	11/27/06	12/25/06	A-Act/360	83612JAB0	285,626,000.00	1,000.000000	4.374167	0.000000	4.374167	1,000.000000
A-3	11/27/06	12/25/06	A-Act/360	83612JAC8	303,352,000.00	1,000.000000	4.414444	0.000000	4.414444	1,000.000000
A-4	11/27/06	12/25/06	A-Act/360	83612JAD6	108,462,000.00	1,000.000000	4.486944	0.000000	4.486944	1,000.000000
M-1	11/27/06	12/25/06	A-Act/360	83612JAE4	71,671,000.00	1,000.000000	4.486945	0.000000	4.486945	1,000.000000
M-2	11/27/06	12/25/06	A-Act/360	83612JAF1	56,992,000.00	1,000.000000	4.543333	0.000000	4.543333	1,000.000000
M-3	11/27/06	12/25/06	A-Act/360	83612JAG9	37,994,000.00	1,000.000000	4.559444	0.000000	4.559444	1,000.000000
M-4	11/27/06	12/25/06	A-Act/360	83612JAH7	30,223,000.00	1,000.000000	4.583611	0.000000	4.583611	1,000.000000
M-5	11/27/06	12/25/06	A-Act/360	83612JAJ3	27,632,000.00	1,000.000000	4.615833	0.000000	4.615833	1,000.000000
M-6	11/27/06	12/25/06	A-Act/360	83612JAK0	27,632,000.00	1,000.000000	4.656111	0.000000	4.656111	1,000.000000
M-7	11/27/06	12/25/06	A-Act/360	83612JAL8	23,315,000.00	1,000.000000	4.930000	0.000000	4.930000	1,000.000000
M-8	11/27/06	12/25/06	A-Act/360	83612JAM6	12,953,000.00	1,000.000000	5.010556	0.000000	5.010556	1,000.000000
M-9	11/27/06	12/25/06	A-Act/360	83612JAN4	21,588,000.00	1,000.000000	5.816111	0.000000	5.816111	1,000.000000
M-10	11/27/06	12/25/06	A-Act/360	83612JAP9	28,496,000.00	1,000.000000	5.896667	0.000000	5.896667	1,000.000000
C	11/01/06	11/30/06	F-30/360	83612JAQ7	49,219,569.06	1,000.011144	77.186979	0.000000	77.186979	1,000.011144
P		GC06E1301	100.00	1,000.000000	1,441,980.100000	0.000000	1,441,980.100000	1,000.000000
R		GC06E1302	0.00	0.000000	0.000000	0.000000	0.000000	0.000000
RX		GC06E1303	0.00	0.000000	0.000000	0.000000	0.000000	0.000000



Page 2 of 25

Soundview Home Loan Trust 2006-EQ1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
December 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)
A-1	641,866,000.00	9,540,478.29	59,297,225.36	2,329,654.57	61,626,879.93	71,167,358.22	0.00	0.00	580,239,120.07
A-2	285,626,000.00	4,397,529.64	0.00	0.00	0.00	4,397,529.64	0.00	0.00	285,626,000.00
A-3	303,352,000.00	4,713,415.96	0.00	0.00	0.00	4,713,415.96	0.00	0.00	303,352,000.00
A-4	108,462,000.00	1,712,916.27	0.00	0.00	0.00	1,712,916.27	0.00	0.00	108,462,000.00
M-1	71,671,000.00	1,131,884.18	0.00	0.00	0.00	1,131,884.18	0.00	0.00	71,671,000.00
M-2	56,992,000.00	911,365.40	0.00	0.00	0.00	911,365.40	0.00	0.00	56,992,000.00
M-3	37,994,000.00	609,719.27	0.00	0.00	0.00	609,719.27	0.00	0.00	37,994,000.00
M-4	30,223,000.00	487,580.94	0.00	0.00	0.00	487,580.94	0.00	0.00	30,223,000.00
M-5	27,632,000.00	448,912.55	0.00	0.00	0.00	448,912.55	0.00	0.00	27,632,000.00
M-6	27,632,000.00	452,827.08	0.00	0.00	0.00	452,827.08	0.00	0.00	27,632,000.00
M-7	23,315,000.00	404,541.16	0.00	0.00	0.00	404,541.16	0.00	0.00	23,315,000.00
M-8	12,953,000.00	228,418.96	0.00	0.00	0.00	228,418.96	0.00	0.00	12,953,000.00
M-9	21,588,000.00	441,858.39	0.00	0.00	0.00	441,858.39	0.00	0.00	21,588,000.00
M-10	28,496,000.00	591,323.66	0.00	0.00	0.00	591,323.66	0.00	0.00	28,496,000.00
C	49,219,569.06	7,686,411.91	(520.53)	(27.98)	0.00	7,686,411.91	0.00	548.51	49,220,117.57
P	100.00	471,570.14	0.00	0.00	0.00	471,570.14	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
RX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00


Total	1,727,021,669.06	34,230,753.80	59,296,704.83	2,329,626.59	61,626,879.93	95,857,633.73	0.00	548.51	1,665,395,337.64


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)
A-1	5.37000%	605,477,478.10	2,619,194.66	0.00	0.00	0.00	2,619,194.66	2,619,194.66	0.00
A-2	5.43000%	285,626,000.00	1,249,375.73	0.00	0.00	0.00	1,249,375.73	1,249,375.73	0.00
A-3	5.48000%	303,352,000.00	1,339,130.55	0.00	0.00	0.00	1,339,130.55	1,339,130.55	0.00
A-4	5.57000%	108,462,000.00	486,662.97	0.00	0.00	0.00	486,662.97	486,662.97	0.00
M-1	5.57000%	71,671,000.00	321,583.80	0.00	0.00	0.00	321,583.80	321,583.80	0.00
M-2	5.64000%	56,992,000.00	258,933.65	0.00	0.00	0.00	258,933.65	258,933.65	0.00
M-3	5.66000%	37,994,000.00	173,231.53	0.00	0.00	0.00	173,231.53	173,231.53	0.00
M-4	5.69000%	30,223,000.00	138,530.48	0.00	0.00	0.00	138,530.48	138,530.48	0.00
M-5	5.73000%	27,632,000.00	127,544.71	0.00	0.00	0.00	127,544.71	127,544.71	0.00
M-6	5.78000%	27,632,000.00	128,657.66	0.00	0.00	0.00	128,657.66	128,657.66	0.00
M-7	6.12000%	23,315,000.00	114,942.95	0.00	0.00	0.00	114,942.95	114,942.95	0.00
M-8	6.22000%	12,953,000.00	64,901.73	0.00	0.00	0.00	64,901.73	64,901.73	0.00
M-9	7.22000%	21,588,000.00	125,558.21	0.00	0.00	0.00	125,558.21	125,558.21	0.00
M-10	7.32000%	28,496,000.00	168,031.41	0.00	0.00	0.00	168,031.41	168,031.41	0.00
C	2.69658%	49,220,117.57	110,605.05	0.00	0.00	0.00	110,605.05	3,799,109.82	0.00
P	0.00000%	100.00	0.00	0.00	0.00	0.00	0.00	144,198.01	0.00
R	0.00000%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RX	0.00000%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Total		1,690,633,695.67	7,426,885.09	0.00	0.00	0.00	7,426,885.09	11,259,587.87	0.00



Page 3 of 25

Soundview Home Loan Trust 2006-EQ1

Mortgage Pass-Through Certificates

December 26, 2006 Distribution

Collection Account Report

SUMMARY

Total

Principal Collections

25,238,358.03

Principal Withrawals

0.00

Principal Other Accounts

0.00

TOTAL NET PRINCIPAL

25,238,358.03

Interest Collections

11,225,220.32

Interest Withdrawals

-0.00

Interest Other Accounts

149,470.94

Interest Fees

-115,103.39

TOTAL NET INTEREST

11,259,587.87

TOTAL AVAILABLE FUNDS FOR DISTRIBUTION

36,497,945.90

PRINCIPAL - COLLECTIONS

Total

Scheduled Principal Received

772,308.43

Curtailments

190,589.48

Prepayments In Full

24,275,460.12

Repurchased/Substitutions

0.00

Liquidations

0.00

Other Additional Principal

0.00

Delinquent Principal

-659,984.29

Realized Losses

-0.00

Advanced Principal

659,984.29

TOTAL PRINCIPAL COLLECTED

25,238,358.03

PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK

PRINCIPAL - OTHER ACCOUNTS

SPACE INTENTIONALLY LEFT BLANK

Page 4 of 25

Soundview Home Loan Trust 2006-EQ1

Mortgage Pass-Through Certificates

December 26, 2006 Distribution

INTEREST - COLLECTIONS

Total

Scheduled Interest

11,832,506.53

Repurchased/Substitution Interest

0.00

Liquidation Interest

0.00

Other Additional Interest

0.00

Prepayment Interest Shortfalls

-20,144.80

Delinquent Interest

-10,220,821.19

Interest Realized Loss

0.00

Compensating Interest

20,144.80

Civil Relief Act Shortfalls

-1,052.56

Interest Advanced

9,614,587.52

TOTAL INTEREST COLLECTED

11,225,220.32

INTEREST - WITHDRAWALS

Total

Extraordinary Trust Fund Expenses

0.00

TOTAL INTEREST WITHDRAWALS

0.00

INTEREST - OTHER ACCOUNTS

Total

Prepayment Charges

144,198.01

Float Income

5,272.93

Interest Rate Cap Payment

0.00

Basis Risk Cap Payment

0.00

Interest Swap Reciept

0.00

Interest Swap Payment

0.00

Swap Termination Payment

0.00

Net SWAP Payment to SWAP Provider

0.00

TOTAL INTEREST OTHER ACCOUNTS

149,470.94

INTEREST FEES

Total

Current Servicing Fees

98,197.05

Current Trustee Fees

0.00

Current Credit Risk Manager Fees

16,906.34

TOTAL INTEREST FEES

115,103.39

Page 5 of 25

Soundview Home Loan Trust 2006-EQ1

Mortgage Pass-Through Certificates

December 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

Total

Overcollateralization Target Amount

49,220,117.57

Overcollateralization Amount (Beginning)

49,220,117.57

Overcollateralization Deficiency Amount

0.00

Overcollateralization Release Amount

0.00

Overcollateralization Amount (Ending)

49,220,117.57

Overcollateralization Deficiency (Ending)

0.00

Excess Overcollateralization (Ending)

0.00

Net Monthly Excess Cashflow

3,799,110.00

Page 6 of 25

Soundview Home Loan Trust 2006-EQ1

Mortgage Pass-Through Certificates

December 26, 2006 Distribution

Collateral Report

COLLATERAL

Total

Loan Count:

Original

11,205

Prior

11,019

Prefunding

Scheduled Paid Offs

-0

Full Voluntary Prepayments

-136

Repurchases

-0

Liquidations

-0

Current

10,883

Principal Balance:

Original

1,727,021,669.06

Prior

1,690,633,695.67

Prefunding

0.00

Scheduled Principal

-772,308.43

Partial Prepayments

-190,589.48

Full Voluntary Prepayments

-24,275,460.12

Repurchases

-0.00

Liquidations

-0.00

Current

1,665,395,337.64

PREFUNDING

SPACE INTENTIONALLY LEFT BLANK

Page 7 of 25

Soundview Home Loan Trust 2006-EQ1



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


CHARACTERISTICS
CHARACTERISTICS

							Total
Weighted Average Coupon Original							8.40452%
Weighted Average Coupon Prior							8.40270%
Weighted Average Coupon Current							8.39865%
Weighted Average Months to Maturity Original							356
Weighted Average Months to Maturity Prior							355
Weighted Average Months to Maturity Current							354
Weighted Avg Remaining Amortization Term Original							392
Weighted Avg Remaining Amortization Term Prior							391
Weighted Avg Remaining Amortization Term Current							390
Weighted Average Seasoning Original							2.85
Weighted Average Seasoning Prior							3.85
Weighted Average Seasoning Current							4.85

Page 8 of 25

Soundview Home Loan Trust 2006-EQ1



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


ARM CHARACTERISTICS
ARM CHARACTERISTICS

							Total
Weighted Average Margin Original							5.88454%
Weighted Average Margin Prior							5.88760%
Weighted Average Margin Current							5.88637%
Weighted Average Max Rate Original							14.24195%
Weighted Average Max Rate Prior							14.23993%
Weighted Average Max Rate Current							14.23503%
Weighted Average Min Rate Original							8.24187%
Weighted Average Min Rate Prior							8.23984%
Weighted Average Min Rate Current							8.23494%
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							98,197.05
Delinquent Servicing Fees							606,233.65
TOTAL SERVICING FEES							704,430.73


Total Servicing Fees							704,430.73
Compensating Interest							-20,144.80
Delinquent Servicing Fees							-606,233.65
COLLECTED SERVICING FEES							78,052.27


Total Advaced Interest							9,614,587.52
Total Advaced Principal							659,984.29
Aggregate Advances with respect to this Distribution							2,760,639.49





ADDITIONAL COLLATERAL INFORMATION
ADDITIONAL COLLATERAL INFORMATION
							Total
Prepayment Interest Shortfall (PPIS)							20,144.80
Compensating Interest							(20,144.80)
Net Prepayment Interest Shortfall (PPIS)							0.00

Weighted Average Net Mortgage Rate							8.171770%







Page 9 of 25

Soundview Home Loan Trust 2006-EQ1



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

Delinquency Report

TOTAL
		< 1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT	Balance		29,075,754.72	30,943,215.50	14,849,424.86	74,868,395.08
	% Balance		1.75%	1.86%	0.89%	4.50%
	# Loans		188	205	102	495
	% # Loans		1.73%	1.88%	0.94%	4.55%
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	330,399.99	44,904.61	274,725.19	251,822.81	901,852.60
	% Balance	0.02%	0.00%	0.02%	0.02%	0.05%
	# Loans	1	1	3	4	9
	% # Loans	0.01%	0.01%	0.03%	0.04%	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	330,399.99	29,120,659.33	31,217,940.69	15,101,247.67	75,770,247.68
	% Balance	0.02%	1.75%	1.87%	0.91%	4.55%
	# Loans	1	189	208	106	504
	% # Loans	0.01%	1.74%	1.91%	0.97%	4.63%

Page 10 of 25

Soundview Home Loan Trust 2006-EQ1

Mortgage Pass-Through Certificates

December 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 11 of 25

Soundview Home Loan Trust 2006-EQ1

Mortgage Pass-Through Certificates

December 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 12 of 25

Soundview Home Loan Trust 2006-EQ1

Mortgage Pass-Through Certificates

December 26, 2006 Distribution

Prepayment Report

VOLUNTARY PREPAYMENTS

Total

Current

Number of Paid in Full Loans

136

Number of Repurchased Loans

Total Number of Loans Prepaid in Full

136

Curtailments Amount

190,589.48

Paid in Full Balance

24,275,460.12

Repurchased Loans Balance

0.00

Total Prepayment Amount

24,466,049.60

Cumulative

Number of Paid in Full Loans

323

Number of Repurchased Loans

Total Number of Loans Prepaid in Full

323

Paid in Full Balance

58,569,248.49

Repurchased Loans Balance

0.00

Curtailments Amount

727,456.34

Total Prepayment Amount

59,296,704.83

Page 13 of 25

Soundview Home Loan Trust 2006-EQ1



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


VOLUNTARY PREPAYMENTS RATES



		Total





SMM	1.45%
3 Months Avg SMM	1.16%
12 Months Avg SMM	1.16%
Avg SMM Since Cut-off	1.16%



CPR	16.05%
3 Months Avg CPR	13.05%
12 Months Avg CPR	13.05%
Avg CPR Since Cut-off	13.05%



PSA	1,655.09%
3 Months Avg PSA Approximation	1,695.51%
12 Months Avg PSA Approximation	1,695.51%
Avg PSA Since Cut-off Approximation	1,695.51%

Page 14 of 25

Soundview Home Loan Trust 2006-EQ1

Mortgage Pass-Through Certificates

December 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 15 of 25

Soundview Home Loan Trust 2006-EQ1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
December 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	Principal	Prepayment	Prepayment	Note	LTV at	&	Payment

Loan Group	Status	Balance	Amount	Date	Rate	Origination	Original Term	Date

2000179701 1		400,500.00	399,287.88	04-Dec-2006	7.450%	NJ - 90.00%	Paid Off - 360	01-Aug-2006
2000179701 1		400,500.00	399,287.88	04-Dec-2006	7.450%	NJ - 90.00%	Paid Off - 360	01-Aug-2006
2000179891 1		408,000.00	407,353.45	13-Dec-2006	6.900%	MD - 80.00%	Paid Off - 360	01-Aug-2006
2000179960 1		310,000.00	309,345.97	20-Nov-2006	7.800%	FL - 74.70%	Paid Off - 360	01-Sep-2006
2000179962 1		93,000.00	92,885.80	15-Dec-2006	11.750%	NM - 100.00%	Paid Off - 360	01-Aug-2006
2000180013 1		360,000.00	359,196.27	21-Nov-2006	8.950%	MA - 75.00%	Paid Off - 360	01-Aug-2006
2000180058 1		181,050.00	180,678.01	29-Nov-2006	9.350%	IL - 85.00%	Paid Off - 360	01-Aug-2006
2000180207 1		103,700.00	102,908.70	29-Nov-2006	7.125%	VA - 85.00%	Paid Off - 240	01-Aug-2006
2000180542 1		124,720.00	124,385.26	05-Dec-2006	8.050%	IL - 80.00%	Paid Off - 360	01-Aug-2006
2000180572 1		95,400.00	95,331.06	27-Nov-2006	9.600%	PA - 90.00%	Paid Off - 360	01-Aug-2006
2000180626 1		350,000.00	349,332.66	29-Nov-2006	8.300%	MD - 79.01%	Paid Off - 360	01-Sep-2006
2000180631 1		97,440.00	97,300.34	14-Dec-2006	7.250%	UT - 80.00%	Paid Off - 360	01-Aug-2006
2000180644 1		192,240.00	192,240.00	27-Nov-2006	8.900%	IL - 89.00%	Paid Off - 360	01-Sep-2006
2000180748 1		65,000.00	64,892.45	21-Nov-2006	8.990%	TN - 100.00%	Paid Off - 360	01-Sep-2006
2000180782 1		163,030.00	162,799.96	05-Dec-2006	9.750%	WI - 85.00%	Paid Off - 360	01-Sep-2006
2000180800 1		300,600.00	300,036.90	27-Nov-2006	9.790%	MD - 90.00%	Paid Off - 360	01-Aug-2006
2000180848 1		117,000.00	116,818.51	30-Nov-2006	9.300%	NC - 90.00%	Paid Off - 360	01-Sep-2006
2000180849 1		131,500.00	131,147.90	07-Dec-2006	7.350%	WI - 41.09%	Paid Off - 360	01-Sep-2006
2000180855 1		199,500.00	199,019.26	29-Nov-2006	7.450%	MA - 70.00%	Paid Off - 360	01-Sep-2006
2000180867 1		155,400.00	155,071.46	28-Nov-2006	7.800%	IL - 80.00%	Paid Off - 360	01-Sep-2006
2000180917 1		337,500.00	337,260.50	21-Nov-2006	8.680%	NJ - 90.00%	Paid Off - 360	01-Sep-2006
2000180998 1		182,000.00	181,600.30	16-Nov-2006	7.600%	MA - 79.13%	Paid Off - 360	01-Sep-2006
2000181222 1		100,000.00	99,827.91	06-Dec-2006	8.800%	IL - 64.52%	Paid Off - 360	01-Sep-2006
2000181376 1		224,000.00	223,550.65	15-Dec-2006	8.050%	MD - 84.53%	Paid Off - 360	01-Sep-2006
2000181448 1		240,000.00	239,518.55	05-Dec-2006	8.050%	NJ - 80.00%	Paid Off - 360	01-Sep-2006
2000181458 1		224,000.00	224,000.00	01-Dec-2006	7.540%	CA - 73.44%	Paid Off - 360	01-Sep-2006
2000181471 1		100,000.00	99,826.11	05-Dec-2006	8.750%	AZ - 54.05%	Paid Off - 360	01-Sep-2006
2000181577 1		184,000.00	184,000.00	14-Dec-2006	7.500%	AZ - 80.00%	Paid Off - 360	01-Sep-2006
2000181597 1		366,350.00	365,775.80	29-Nov-2006	9.250%	MD - 85.00%	Paid Off - 360	01-Sep-2006
2000181615 1		157,250.00	157,041.77	28-Nov-2006	10.050%	NM - 85.00%	Paid Off - 360	01-Sep-2006
2000181687 1		275,200.00	274,613.52	07-Dec-2006	7.750%	MD - 80.00%	Paid Off - 360	01-Sep-2006
2000181695 1		91,000.00	90,866.07	22-Nov-2006	9.550%	NJ - 82.73%	Paid Off - 360	01-Sep-2006
2000181716 1		252,000.00	251,811.47	05-Dec-2006	8.500%	NJ - 70.00%	Paid Off - 360	01-Sep-2006
2000181727 1		276,000.00	275,499.98	29-Nov-2006	8.550%	MD - 82.39%	Paid Off - 360	01-Sep-2006
2000181769 1		213,750.00	213,558.32	28-Nov-2006	8.990%	VA - 75.00%	Paid Off - 360	01-Sep-2006
2000181779 1		292,000.00	291,846.58	30-Nov-2006	9.690%	IL - 98.98%	Paid Off - 360	01-Sep-2006
2000181804 1		313,500.00	313,052.94	14-Dec-2006	9.700%	MA - 95.00%	Paid Off - 360	01-Sep-2006
2000181856 1		319,000.00	318,622.87	30-Nov-2006	6.900%	VA - 55.96%	Paid Off - 360	01-Sep-2006
2000181944 1		108,000.00	107,767.52	16-Nov-2006	7.700%	MD - 45.38%	Paid Off - 360	01-Sep-2006
2000181964 1		233,280.00	232,787.81	14-Dec-2006	7.800%	CO - 80.00%	Paid Off - 360	01-Sep-2006
2000182039 1		240,000.00	239,876.15	14-Dec-2006	9.750%	MI - 88.89%	Paid Off - 360	01-Sep-2006


Page 16 of 25

Soundview Home Loan Trust 2006-EQ1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
December 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	Prepayment	Note	LTV at	&	Payment

Loan Group	Status	Balance	Amount	Date	Rate	Origination	Original Term	Date

2000182303 1		106,200.00	106,126.17	28-Nov-2006	8.750%	NC - 89.24%	Paid Off - 360	01-Sep-2006
2000182303 1		106,200.00	106,126.17	28-Nov-2006	8.750%	NC - 89.24%	Paid Off - 360	01-Sep-2006
2000182351 1		171,000.00	170,787.14	08-Dec-2006	7.340%	CA - 90.00%	Paid Off - 360	01-Sep-2006
2000182355 1		105,450.00	105,286.44	14-Dec-2006	9.300%	AR - 95.00%	Paid Off - 360	01-Sep-2006
2000182422 1		160,000.00	159,721.80	29-Nov-2006	8.750%	IL - 80.00%	Paid Off - 360	01-Sep-2006
2000182462 1		184,500.00	184,118.50	30-Nov-2006	7.900%	AZ - 90.00%	Paid Off - 360	01-Sep-2006
2000182513 1		241,020.00	2,527.61	16-Nov-2006	9.700%	FL - 90.00%	Paid Off - 360	01-Sep-2006
2000182642 1		118,800.00	118,573.47	17-Nov-2006	8.300%	WI - 80.00%	Paid Off - 360	01-Sep-2006
2000182870 1		225,000.00	224,566.62	13-Dec-2006	8.250%	MD - 75.00%	Paid Off - 360	01-Sep-2006
2000183167 1		208,000.00	207,837.42	29-Nov-2006	8.350%	NH - 80.00%	Paid Off - 360	01-Sep-2006
2000183313 1		285,600.00	285,412.82	27-Nov-2006	8.950%	NJ - 85.00%	Paid Off - 360	01-Sep-2006
2000183357 1		171,000.00	170,849.90	30-Nov-2006	7.950%	VA - 95.00%	Paid Off - 360	01-Sep-2006
2000183372 1		225,600.00	225,374.76	29-Nov-2006	7.500%	WI - 80.00%	Paid Off - 360	01-Sep-2006
2000183456 1		269,600.00	269,414.78	12-Dec-2006	8.790%	IL - 80.00%	Paid Off - 360	01-Sep-2006
2000183531 1		32,425.00	32,332.19	21-Nov-2006	11.700%	NC - 100.00%	Paid Off - 360	01-Mar-2006
2000183634 1		79,125.00	78,901.74	11-Dec-2006	11.200%	GA - 100.00%	Paid Off - 360	01-Apr-2006
2000183644 1		38,400.00	38,286.82	16-Nov-2006	11.000%	WA - 100.00%	Paid Off - 360	01-Apr-2006
2000183850 1		15,800.00	15,692.89	27-Nov-2006	12.550%	IL - 100.00%	Paid Off - 240	01-May-2006
2000184034 1		23,400.00	23,357.20	07-Dec-2006	12.550%	IL - 100.00%	Paid Off - 360	01-May-2006
2000184072 1		27,600.00	27,405.39	06-Dec-2006	9.900%	CA - 100.00%	Paid Off - 360	01-May-2006
2000184092 1		18,975.00	18,824.27	01-Dec-2006	11.350%	SC - 100.00%	Paid Off - 240	01-May-2006
2000184105 1		82,000.00	81,804.93	01-Dec-2006	11.350%	MA - 100.00%	Paid Off - 360	01-May-2006
2000184176 1		45,400.00	45,310.25	27-Nov-2006	12.200%	WI - 100.00%	Paid Off - 360	01-May-2006
2000184242 1		30,000.00	29,950.02	21-Nov-2006	12.250%	NM - 94.29%	Paid Off - 360	01-Jun-2006
2000184317 1		22,000.00	21,827.52	08-Dec-2006	11.450%	OH - 100.00%	Paid Off - 240	01-May-2006
2000184339 1		270,000.00	269,228.65	22-Nov-2006	9.750%	NJ - 90.00%	Paid Off - 360	01-Jun-2006
2000184372 1		102,000.00	101,683.00	06-Dec-2006	9.350%	WI - 85.00%	Paid Off - 360	01-Jun-2006
2000184418 1		57,920.00	57,799.54	22-Nov-2006	11.250%	CA - 100.00%	Paid Off - 360	01-Jun-2006
2000184572 1		104,000.00	103,515.38	16-Nov-2006	7.350%	IL - 100.00%	Paid Off - 360	01-Jun-2006
2000184657 1		81,000.00	80,832.67	15-Dec-2006	10.400%	NC - 90.00%	Paid Off - 360	01-Jul-2006
2000184715 1		40,200.00	39,259.70	08-Dec-2006	12.300%	CO - 100.00%	Paid Off - 360	01-Jul-2006
2000184942 1		147,600.00	147,382.64	05-Dec-2006	7.950%	VA - 90.00%	Paid Off - 360	01-Jul-2006
2000184986 1		24,000.00	23,967.90	12-Dec-2006	12.400%	WI - 100.00%	Paid Off - 360	01-Jul-2006
2000185018 1		63,000.00	62,956.46	08-Dec-2006	9.750%	GA - 90.00%	Paid Off - 360	01-Aug-2006
2000185032 1		300,000.00	299,467.55	20-Nov-2006	8.650%	VA - 74.07%	Paid Off - 360	01-Sep-2006
2000185038 1		57,800.00	57,582.30	14-Dec-2006	13.100%	OH - 100.00%	Paid Off - 360	01-Jul-2006
2000185491 1		41,200.00	41,135.76	06-Dec-2006	11.700%	MD - 100.00%	Paid Off - 360	01-Jul-2006
2000185686 1		43,500.00	43,280.02	30-Nov-2006	11.450%	NJ - 100.00%	Paid Off - 360	01-Jul-2006
2000185863 1		297,500.00	296,467.95	17-Nov-2006	7.900%	TX - 80.41%	Paid Off - 360	01-Jul-2006
2000185952 1		42,000.00	41,953.08	27-Nov-2006	13.200%	NJ - 100.00%	Paid Off - 360	01-Jul-2006
2000185989 1		133,900.00	133,738.59	29-Nov-2006	9.900%	NJ - 100.00%	Paid Off - 360	01-Jul-2006
2000186221 1		520,000.00	519,128.72	12-Dec-2006	7.500%	NJ - 77.96%	Paid Off - 360	01-Jul-2006
2000186229 1		200,000.00	199,400.69	16-Nov-2006	7.500%	MD - 80.00%	Paid Off - 360	01-Aug-2006
2000186229 1			199,400.69		7.500%	MD - 80.00%	Paid Off - 360

Page 17 of 25

Soundview Home Loan Trust 2006-EQ1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
December 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	Prepayment	Note	LTV at	&	Payment

Loan Group	Status	Balance	Amount	Date	Rate	Origination	Original Term	Date

2000186230 1		50,000.00	49,936.54	16-Nov-2006	11.600%	MD - 100.00%	Paid Off - 360	01-Aug-2006
2000186230 1		50,000.00	49,936.54	16-Nov-2006	11.600%	MD - 100.00%	Paid Off - 360	01-Aug-2006
2000186285 1		165,000.00	164,623.93	28-Nov-2006	8.850%	NJ - 71.74%	Paid Off - 360	01-Aug-2006
2000186287 1		252,800.00	252,800.00	30-Nov-2006	7.690%	NJ - 80.00%	Paid Off - 360	01-Aug-2006
2000186291 1		127,000.00	126,839.52	06-Dec-2006	12.650%	IL - 100.00%	Paid Off - 360	01-Jul-2006
2000186293 1		273,750.00	273,569.25	21-Nov-2006	9.900%	MD - 75.00%	Paid Off - 360	01-Aug-2006
2000186430 1		378,000.00	377,668.44	21-Nov-2006	8.950%	NJ - 90.00%	Paid Off - 360	01-Aug-2006
2000186538 1		250,000.00	249,551.08	07-Dec-2006	9.990%	NJ - 88.50%	Paid Off - 360	01-Aug-2006
2000186767 1		168,000.00	167,588.67	29-Nov-2006	8.750%	WI - 80.00%	Paid Off - 360	01-Aug-2006
2000186897 1		284,750.00	284,480.39	21-Nov-2006	8.690%	IL - 85.00%	Paid Off - 360	01-Aug-2006
2000186912 1		63,200.00	63,093.60	07-Dec-2006	11.350%	UT - 100.00%	Paid Off - 360	01-Jul-2006
2000186996 1		117,750.00	117,470.79	05-Dec-2006	9.750%	WI - 75.00%	Paid Off - 360	01-Jul-2006
2000187105 1		340,000.00	339,653.61	01-Dec-2006	8.440%	CA - 85.00%	Paid Off - 360	01-Aug-2006
2000187128 1		221,000.00	220,585.46	04-Dec-2006	10.850%	MO - 100.00%	Paid Off - 360	01-Jul-2006
2000187211 1		387,000.00	385,826.62	21-Nov-2006	7.950%	MD - 90.00%	Paid Off - 360	01-Aug-2006
2000187286 1		344,000.00	342,641.90	28-Nov-2006	7.250%	ME - 78.18%	Paid Off - 360	01-Jul-2006
2000187434 1		498,100.00	497,936.72	29-Nov-2006	8.400%	MD - 85.00%	Paid Off - 360	01-Aug-2006
2000187461 1		204,000.00	203,622.67	21-Nov-2006	9.850%	WI - 80.00%	Paid Off - 360	01-Aug-2006
2000187556 1		41,200.00	41,104.43	07-Dec-2006	10.950%	FL - 100.00%	Paid Off - 360	01-Jul-2006
2000187798 1		156,750.00	156,518.94	13-Dec-2006	7.150%	MD - 68.75%	Paid Off - 360	01-Aug-2006
2000188021 1		124,000.00	123,633.00	06-Dec-2006	8.550%	WI - 80.00%	Paid Off - 360	01-Aug-2006
2000188053 1		157,000.00	156,663.72	29-Nov-2006	9.150%	KY - 84.86%	Paid Off - 360	01-Aug-2006
2000188507 1		409,950.00	409,949.99	12-Dec-2006	7.990%	IL - 90.00%	Paid Off - 360	01-Aug-2006
2000188542 1		170,000.00	169,538.21	29-Nov-2006	7.990%	ME - 85.00%	Paid Off - 360	01-Aug-2006
2000188595 1		133,800.00	133,406.65	05-Dec-2006	7.600%	MD - 60.00%	Paid Off - 360	01-Aug-2006
2000188691 1		100,000.00	99,687.99	21-Nov-2006	7.650%	OH - 80.00%	Paid Off - 360	01-Aug-2006
2000188703 1		184,000.00	184,000.00	17-Nov-2006	7.650%	MD - 80.00%	Paid Off - 360	01-Aug-2006
2000188704 1		46,000.00	45,938.34	17-Nov-2006	11.350%	MD - 100.00%	Paid Off - 360	01-Aug-2006
2000188799 1		220,000.00	219,521.82	13-Dec-2006	7.690%	IL - 80.00%	Paid Off - 360	01-Aug-2006
2000188805 1		384,300.00	383,526.77	27-Nov-2006	9.450%	MD - 90.00%	Paid Off - 360	01-Aug-2006
2000188812 1		142,320.00	142,031.00	17-Nov-2006	7.990%	WI - 80.00%	Paid Off - 360	01-Sep-2006
2000188983 1		324,800.00	323,901.57	17-Nov-2006	7.900%	MD - 80.00%	Paid Off - 360	01-Aug-2006
2000189094 1		233,000.00	232,594.70	06-Dec-2006	8.750%	MD - 54.82%	Paid Off - 360	01-Sep-2006
2000189177 1		225,000.00	224,391.91	08-Dec-2006	8.100%	MD - 84.91%	Paid Off - 360	01-Aug-2006
2000189187 1		157,125.00	156,763.16	14-Dec-2006	8.800%	MD - 75.00%	Paid Off - 360	01-Aug-2006
2000189336 1		330,000.00	329,336.05	27-Nov-2006	9.450%	IL - 100.00%	Paid Off - 360	01-Aug-2006
2000189409 1		297,900.00	297,132.26	08-Dec-2006	8.250%	MD - 90.00%	Paid Off - 360	01-Aug-2006
2000189442 1		110,400.00	110,106.69	27-Nov-2006	8.100%	IA - 80.00%	Paid Off - 360	01-Aug-2006
2000189443 1		27,600.00	27,576.29	27-Nov-2006	13.350%	IA - 100.00%	Paid Off - 360	01-Aug-2006
2000189606 1		185,600.00	185,600.00	30-Nov-2006	7.300%	IL - 80.00%	Paid Off - 360	01-Aug-2006
2000189744 1		90,000.00	89,792.73	16-Nov-2006	8.800%	MD - 61.64%	Paid Off - 360	01-Aug-2006
2000189792 1		288,000.00	287,128.36	08-Dec-2006	7.450%	MA - 80.00%	Paid Off - 360	01-Aug-2006
2000189829 1		103,500.00	103,306.62	05-Dec-2006	8.400%	IL - 90.00%	Paid Off - 360	01-Sep-2006
2000189829 1			103,306.62		8.400%	IL - 90.00%	Paid Off - 360

Page 18 of 25

Soundview Home Loan Trust 2006-EQ1

Mortgage Pass-Through Certificates

December 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

2000189920 1

220,000.00

219,340.73

28-Nov-2006

7.500%

MD - 84.62%

Paid Off - 360

01-Aug-2006

2000189970 1

130,000.00

129,664.97

11-Dec-2006

8.250%

AZ - 68.42%

Paid Off - 360

01-Aug-2006

2000190030 1

195,700.00

195,599.99

16-Nov-2006

10.750%

IL - 95.00%

Paid Off - 360

01-Aug-2006

2000190056 1

166,500.00

166,405.27

30-Nov-2006

10.390%

IL - 90.00%

Paid Off - 360

01-Aug-2006

2000190068 1

116,450.00

116,297.44

13-Dec-2006

10.100%

NY - 85.00%

Paid Off - 360

01-Sep-2006

2000190178 1

122,400.00

122,044.01

05-Dec-2006

7.650%

PA - 85.00%

Paid Off - 360

01-Aug-2006

2000190214 1

127,500.00

127,167.37

01-Dec-2006

8.190%

CA - 75.00%

Paid Off - 360

01-Aug-2006

2000190324 1

171,900.00

171,504.11

16-Nov-2006

8.800%

IL - 90.00%

Paid Off - 360

01-Aug-2006

2000190356 1

135,280.00

135,111.74

27-Nov-2006

7.750%

UT - 80.00%

Paid Off - 360

01-Aug-2006

2000190374 1

213,000.00

212,517.51

08-Dec-2006

8.890%

CA - 81.92%

Paid Off - 360

01-Aug-2006

2000190590 1

99,750.00

99,567.03

13-Dec-2006

8.490%

WI - 95.00%

Paid Off - 360

01-Sep-2006

2000190601 1

103,500.00

103,391.65

21-Nov-2006

8.350%

WI - 90.00%

Paid Off - 360

01-Aug-2006

TOTAL

24,558,000.00

24,275,460.12

Page 19 of 25

Soundview Home Loan Trust 2006-EQ1

Mortgage Pass-Through Certificates

December 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

0.00

Net Liquidation Proceeds

0.00

Cumulative Subsequent Recoveries

0.00

Page 20 of 25

Soundview Home Loan Trust 2006-EQ1



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


DEFAULT SPEEDS

								Total



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


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


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


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

Page 21 of 25

Soundview Home Loan Trust 2006-EQ1

Mortgage Pass-Through Certificates

December 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: Weighted 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 22 of 25

Soundview Home Loan Trust 2006-EQ1

Mortgage Pass-Through Certificates

December 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 23 of 25

Soundview Home Loan Trust 2006-EQ1

Mortgage Pass-Through Certificates

December 26, 2006 Distribution

Triggers and Adj. Cert. Report

TRIGGER EVENTS

Total

Trigger Event in effect

Stepdown Date has occurred

Credit Enhancement Percentage (Step Down)

23.2807%

Delinquency Percentage

2.7813%

Realized Loss Percentage

0.0000%

Ending Balance

1,665,395,337.64

Senior Credit Enhancement Percentage

22.9332%

ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK

ADDITIONAL INFORMATION

Total

LIBOR Rate Determination Date

11/22/2006

Libor For Current Period

5.32000%

NEXT LIBOR Rate Determination Date

12/21/2006

Libor For Next Period

5.35000%

Page 24 of 25

Soundview Home Loan Trust 2006-EQ1



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

Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

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

	A-1	5.40%	$0.00	$0.00
		5.40%	$0.00	$0.00
	A-2	5.46%	$0.00	$0.00
		5.46%	$0.00	$0.00
	A-3	5.51%	$0.00	$0.00
		5.51%	$0.00	$0.00
	A-4	5.60%	$0.00	$0.00
		5.60%	$0.00	$0.00
	M-1	5.60%	$0.00	$0.00
		5.60%	$0.00	$0.00
	M-2	5.67%	$0.00	$0.00
		5.67%	$0.00	$0.00
	M-3	5.69%	$0.00	$0.00
		5.69%	$0.00	$0.00
	M-4	5.72%	$0.00	$0.00
		5.72%	$0.00	$0.00
	M-5	5.76%	$0.00	$0.00
		5.76%	$0.00	$0.00
	M-6	5.81%	$0.00	$0.00
		5.81%	$0.00	$0.00
	M-7	6.15%	$0.00	$0.00
		6.15%	$0.00	$0.00
	M-8	6.25%	$0.00	$0.00
		6.25%	$0.00	$0.00
	M-9	7.25%	$0.00	$0.00
		7.25%	$0.00	$0.00
	M-10	7.35%	$0.00	$0.00
		7.35%	$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
	RX	0.00%	$0.00	$0.00
		0.00%	$0.00	$0.00






Page 25 of 25

Soundview Home Loan Trust 2006-EQ1 10-D