Soundview Home Loan Trust 2007-NS1

Mortgage Pass-Through Certificates

March 26, 2007 Distribution

External Parties

Table of Contents

Page

Seller

1. Certificate Payment Report

Greenwich Capital Financial Products Inc

2. Collection Account Report

3. Credit Enhancement Report

Servicer(s)

4. Collateral Report

Nationstar Mortgage, LLC

5. Delinquency Report

6. REO Report

Underwriter(s)

7. Foreclosure Report

RBS Greenwich Capital

8. Prepayment Report

9. Prepayment Detail Report

Cap Provider

10. Realized Loss Report

Royal Bank of Scotland

11. Realized Loss Detail Report

12. Triggers and Adj. Cert. Report

Swap Counterparty

13. Additional Certificate Report

Royal Bank of Scotland

14. Other Related Information

Credit Risk Manager

Clayton Fixed Income Srvc.Inc.

PMI Insurer

MGIC

Total Number of Pages

Dates

Contacts

Cut-Off Date:

February 01, 2007

Manuel Rivas

Close Date:

March 08, 2007

Administrator

First Distribution Date:

March 26, 2007

(714) 247-6265

Manuel.Rivas@db.com

Address:

Distribution Date:

March 26, 2007

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

Record Date:

February 28, 2007

Factor Information:

(800) 735-7777

March 23, 2007

Main Phone Number:

(714) 247-6000

Determination Date:

February 15, 2007

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

Page 1 of 26

Soundview Home Loan Trust 2007-NS1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
March 26, 2007 Distribution

Certificate Payment Report
Current Period Distribution -
			Prior						Current
			Prior

	Class	Original	Principal			Total	Realized	Deferred	Principal

Class	Type	Face Value	Balance	Interest	Principal	Distribution	Loss	Interest	Balance
			(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)
A-1	FLT/STEP/WA	309,424,000.00	309,424,000.00	841,633.28	7,391,710.36	8,233,343.64	0.00	0.00	302,032,289.64
A-1	FLT/STEP/WA	309,424,000.00	309,424,000.00	841,633.28	7,391,710.36	8,233,343.64	0.00	0.00	302,032,289.64
A-2	FLT/STEP/WA	67,608,000.00	67,608,000.00	184,907.88	0.00	184,907.88	0.00	0.00	67,608,000.00
A-3	FLT/STEP/WA	105,880,000.00	105,880,000.00	292,228.80	0.00	292,228.80	0.00	0.00	105,880,000.00
A-4	FLT/STEP/WA	43,975,000.00	43,975,000.00	123,569.75	0.00	123,569.75	0.00	0.00	43,975,000.00
M-1	FLT/STEP/WA	29,517,000.00	29,517,000.00	83,680.70	0.00	83,680.70	0.00	0.00	29,517,000.00
M-2	FLT/STEP/WA	25,106,000.00	25,106,000.00	72,430.81	0.00	72,430.81	0.00	0.00	25,106,000.00
M-3	FLT/STEP/WA	12,892,000.00	12,892,000.00	38,160.32	0.00	38,160.32	0.00	0.00	12,892,000.00
M-4	FLT/STEP/WA	10,518,000.00	10,518,000.00	32,710.98	0.00	32,710.98	0.00	0.00	10,518,000.00
M-5	FLT/STEP/WA	11,535,000.00	11,535,000.00	36,450.60	0.00	36,450.60	0.00	0.00	11,535,000.00
M-6	FLT/STEP/WA	7,464,000.00	7,464,000.00	24,705.84	0.00	24,705.84	0.00	0.00	7,464,000.00
M-7	FLT/STEP/WA	8,821,000.00	8,821,000.00	32,284.86	0.00	32,284.86	0.00	0.00	8,821,000.00
M-8	FLT/STEP/WA	6,107,000.00	6,107,000.00	22,351.62	0.00	22,351.62	0.00	0.00	6,107,000.00
M-9	FLT/STEP/WA	8,142,000.00	8,142,000.00	29,799.72	0.00	29,799.72	0.00	0.00	8,142,000.00
M-10	FLT/STEP/WA	11,196,000.00	11,196,000.00	40,977.36	0.00	40,977.36	0.00	0.00	11,196,000.00
C	EXE	20,356,019.12	20,356,019.12	2,655,723.20	0.00	2,655,723.20	0.00	214.45	20,356,233.57
P	NPR/EXE	100.00	100.00	60,602.72	0.00	60,602.72	0.00	0.00	100.00
R	NPR/EXE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
R-X	NPR/EXE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FL	0.00	0.00	6,978.74	0.00	6,978.74	0.00	0.00	0.00


Total		678,541,119.12	678,541,119.12	4,579,197.18	7,391,710.36	11,970,907.54	0.00	214.45	671,149,623.21
Total





Page 2 of 26

Soundview Home Loan Trust 2007-NS1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
March 26, 2007 Distribution


Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face Value
					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	03/08/07	03/25/07	A-Act/360	83612QAA6	309,424,000.00	1,000.000000	2.720000	23.888614	26.608614	976.111386
A-1	03/08/07	03/25/07	A-Act/360	83612QAA6	309,424,000.00	1,000.000000	2.720000	23.888614	26.608614	976.111386
A-2	03/08/07	03/25/07	A-Act/360	83612QAB4	67,608,000.00	1,000.000000	2.735000	0.000000	2.735000	1,000.000000
A-3	03/08/07	03/25/07	A-Act/360	83612QAC2	105,880,000.00	1,000.000000	2.760000	0.000000	2.760000	1,000.000000
A-4	03/08/07	03/25/07	A-Act/360	83612QAD0	43,975,000.00	1,000.000000	2.810000	0.000000	2.810000	1,000.000000
M-1	03/08/07	03/25/07	A-Act/360	83612QAE8	29,517,000.00	1,000.000000	2.835000	0.000000	2.835000	1,000.000000
M-2	03/08/07	03/25/07	A-Act/360	83612QAF5	25,106,000.00	1,000.000000	2.885000	0.000000	2.885000	1,000.000000
M-3	03/08/07	03/25/07	A-Act/360	83612QAG3	12,892,000.00	1,000.000000	2.960000	0.000000	2.960000	1,000.000000
M-4	03/08/07	03/25/07	A-Act/360	83612QAH1	10,518,000.00	1,000.000000	3.110000	0.000000	3.110000	1,000.000000
M-5	03/08/07	03/25/07	A-Act/360	83612QAJ7	11,535,000.00	1,000.000000	3.160000	0.000000	3.160000	1,000.000000
M-6	03/08/07	03/25/07	A-Act/360	83612QAK4	7,464,000.00	1,000.000000	3.310000	0.000000	3.310000	1,000.000000
M-7	03/08/07	03/25/07	A-Act/360	83612QAL2	8,821,000.00	1,000.000000	3.660000	0.000000	3.660000	1,000.000000
M-8	03/08/07	03/25/07	A-Act/360	83612QAM0	6,107,000.00	1,000.000000	3.660000	0.000000	3.660000	1,000.000000
M-9	03/08/07	03/25/07	A-Act/360	83612QAN8	8,142,000.00	1,000.000000	3.660000	0.000000	3.660000	1,000.000000
M-10	03/08/07	03/25/07	A-Act/360	83612QAP3	11,196,000.00	1,000.000000	3.660000	0.000000	3.660000	1,000.000000
C		83612QAQ1	20,356,019.12	1,000.000000	130.463780	0.000000	130.463780	1,000.010535
P		83612QAR9	100.00	1,000.000000	606,027.200000	0.000000	606,027.200000	1,000.000000
R		83612QAS7	0.00	0.000000	0.000000	0.000000	0.000000	0.000000
R-X		83612QAT5	0.00	0.000000	0.000000	0.000000	0.000000	0.000000
FL		GC07V1301	0.00	0.000000	0.000000	0.000000	0.000000	0.000000




Page 3 of 26

Soundview Home Loan Trust 2007-NS1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
March 26, 2007 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	309,424,000.00	841,633.28	7,079,138.78	312,571.58	7,391,710.36	8,233,343.64	0.00	0.00	302,032,289.64
A-2	67,608,000.00	184,907.88	0.00	0.00	0.00	184,907.88	0.00	0.00	67,608,000.00
A-3	105,880,000.00	292,228.80	0.00	0.00	0.00	292,228.80	0.00	0.00	105,880,000.00
A-4	43,975,000.00	123,569.75	0.00	0.00	0.00	123,569.75	0.00	0.00	43,975,000.00
M-1	29,517,000.00	83,680.70	0.00	0.00	0.00	83,680.70	0.00	0.00	29,517,000.00
M-2	25,106,000.00	72,430.81	0.00	0.00	0.00	72,430.81	0.00	0.00	25,106,000.00
M-3	12,892,000.00	38,160.32	0.00	0.00	0.00	38,160.32	0.00	0.00	12,892,000.00
M-4	10,518,000.00	32,710.98	0.00	0.00	0.00	32,710.98	0.00	0.00	10,518,000.00
M-5	11,535,000.00	36,450.60	0.00	0.00	0.00	36,450.60	0.00	0.00	11,535,000.00
M-6	7,464,000.00	24,705.84	0.00	0.00	0.00	24,705.84	0.00	0.00	7,464,000.00
M-7	8,821,000.00	32,284.86	0.00	0.00	0.00	32,284.86	0.00	0.00	8,821,000.00
M-8	6,107,000.00	22,351.62	0.00	0.00	0.00	22,351.62	0.00	0.00	6,107,000.00
M-9	8,142,000.00	29,799.72	0.00	0.00	0.00	29,799.72	0.00	0.00	8,142,000.00
M-10	11,196,000.00	40,977.36	0.00	0.00	0.00	40,977.36	0.00	0.00	11,196,000.00
C	20,356,019.12	2,655,723.20	(205.38)	(9.07)	0.00	2,655,723.20	0.00	214.45	20,356,233.57
P	100.00	60,602.72	0.00	0.00	0.00	60,602.72	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
FL	0.00	6,978.74	0.00	0.00	0.00	6,978.74	0.00	0.00	0.00

Total	678,541,119.12	4,579,197.18	7,078,933.40	312,562.51	7,391,710.36	11,970,907.54	0.00	214.45	671,149,623.21


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	5.44000%	309,424,000.00	841,633.28	0.00	0.00	0.00	841,633.28	841,633.28	0.00
A-2	5.47000%	67,608,000.00	184,907.88	0.00	0.00	0.00	184,907.88	184,907.88	0.00
A-3	5.52000%	105,880,000.00	292,228.80	0.00	0.00	0.00	292,228.80	292,228.80	0.00
A-4	5.62000%	43,975,000.00	123,569.75	0.00	0.00	0.00	123,569.75	123,569.75	0.00
M-1	5.67000%	29,517,000.00	83,680.70	0.00	0.00	0.00	83,680.70	83,680.70	0.00
M-2	5.77000%	25,106,000.00	72,430.81	0.00	0.00	0.00	72,430.81	72,430.81	0.00
M-3	5.92000%	12,892,000.00	38,160.32	0.00	0.00	0.00	38,160.32	38,160.32	0.00
M-4	6.22000%	10,518,000.00	32,710.98	0.00	0.00	0.00	32,710.98	32,710.98	0.00
M-5	6.32000%	11,535,000.00	36,450.60	0.00	0.00	0.00	36,450.60	36,450.60	0.00
M-6	6.62000%	7,464,000.00	24,705.84	0.00	0.00	0.00	24,705.84	24,705.84	0.00
M-7	7.32000%	8,821,000.00	32,284.86	0.00	0.00	0.00	32,284.86	32,284.86	0.00
M-8	7.32000%	6,107,000.00	22,351.62	0.00	0.00	0.00	22,351.62	22,351.62	0.00
M-9	7.32000%	8,142,000.00	29,799.72	0.00	0.00	0.00	29,799.72	29,799.72	0.00
M-10	7.32000%	11,196,000.00	40,977.36	0.00	0.00	0.00	40,977.36	40,977.36	0.00
C	156.56918%	20,356,019.12	0.00	0.00	0.00	0.00	0.00	2,655,937.65	0.00
P	727,232.64000%	100.00	0.00	0.00	0.00	0.00	0.00	60,602.72	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
FL	0.00000%	0.00	0.00	0.00	0.00	0.00	0.00	6,978.74	0.00


Total		678,541,119.12	1,855,892.52	0.00	0.00	0.00	1,855,892.52	4,579,411.63	0.00



Page 4 of 26

Soundview Home Loan Trust 2007-NS1

Mortgage Pass-Through Certificates

March 26, 2007 Distribution

Collection Account Report

SUMMARY

Total

Principal Collections

7,391,495.91

Principal Withdrawals

0.00

Principal Other Accounts

0.00

TOTAL NET PRINCIPAL

7,391,495.91

Interest Collections

4,720,355.27

Interest Loss

-0.00

Interest Other Accounts

67,581.46

Interest Fees

-208,525.10

TOTAL NET INTEREST

4,579,411.63

TOTAL AVAILABLE FUNDS FOR DISTRIBUTION

11,970,907.54

PRINCIPAL - COLLECTIONS

Total

Scheduled Principal Received

312,562.51

Curtailments

0.00

Prepayments In Full

7,078,933.40

Repurchased/Substitutions

0.00

Liquidations

0.00

Other Additional Principal

0.00

Delinquent Principal

-218,310.41

Realized Losses

-0.00

Advanced Principal

218,310.41

TOTAL PRINCIPAL COLLECTED

7,391,495.91

PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK

PRINCIPAL - OTHER ACCOUNTS

Total

TOTAL PRINCIPAL OTHER ACCOUNTS

0.00

Page 5 of 26

Soundview Home Loan Trust 2007-NS1

Mortgage Pass-Through Certificates

March 26, 2007 Distribution

INTEREST - COLLECTIONS

Total

Scheduled Interest

4,922,219.29

Repurchased/Substitution Interest

0.00

Liquidation Interest

0.00

Interest Loss

-0.00

Other Additional Interest

0.00

Prepayment Interest Shortfalls

-19,065.08

Delinquent Interest

-3,500,273.34

Compensating Interest

19,065.07

Civil Relief Act Shortfalls

-0.00

Interest Advanced

3,298,409.33

TOTAL INTEREST COLLECTED

4,720,355.27

INTEREST - WITHDRAWALS

Total

Extraordinary Trust Fund Expenses

0.00

Interest Withdrawals

0.00

INTEREST - OTHER ACCOUNTS

Total

Prepayment Charges

60,602.72

Payments to and from the Swap Account

0.00

Swap Receipt

0.00

Swap Payment

0.00

Swap Termination Payment

0.00

Interest Rate Cap Amount

0.00

Basis Risk Cap Amount

0.00

Float Income

6,978.74

TOTAL INTEREST OTHER ACCOUNTS

67,581.46

INTEREST FEES

Total

Current Servicing Fees

80,861.45

Trustee Fees

2,092.17

Credit Risk Manager Fees

7,068.14

PMI

118,503.34

PMI Claims (refer to Page 7)

TOTAL INTEREST FEES

208,525.10

Page 6 of 26

Soundview Home Loan Trust 2007-NS1

Mortgage Pass-Through Certificates

March 26, 2007 Distribution

Credit Enhancement Report

ACCOUNTS

Cap Account

Begining Balance

0.00

Amount Deposited

0.00

Amount Withdrawn

0.00

Ending Balance

0.00

Net WAC Rate Carryover Reserve Account

Begining Balance

0.00

Amount Deposited

0.00

Amount Withdrawn

0.00

Ending Balance

0.00

Swap Account

Begining Balance

0.00

Amount Deposited

0.00

Amount Withdrawn

0.00

Net SWAP Amount

0.00

Ending Balance

0.00

INSURANCE

Total

Amount of payments received from the Servicer

related to claims under each PMI Policy during

the related Prepayment Period (and the number

of Mortgage Loans to which such payments

related)

0.00

Cumulative amount of payments received related

to claims under each PMI Policy since the

Closing Date (and the number of Mortgage

Loans to which such payments related)

0.00

Dollar amount of claims made under each PMI

Policy that were denied (as identified by

the Servicer) during the Prepayment Period

(and the number of Mortgage Loans to which

such denials related)

0.00

Dollar amount of the cumulative claims made

under each PMI Policy that were denied since

the Closing Date (and the number of Mortgage

to which such denials related)

0.00

Page 7 of 26

Soundview Home Loan Trust 2007-NS1

Mortgage Pass-Through Certificates

March 26, 2007 Distribution

STRUCTURAL FEATURES

Total

Overcollateralization Amount - Prior Period

20,356,019.12

Current Period Losses

0.00

Overcollateralization Amount - After Losses

20,356,019.12

Overcollateralization Increase Amount

214.45

Overcollateralization Release Amount

0.00

Overcollateralization Amount - Ending

20,356,233.57

Overcollateralization Excess Amount

0.00

Overcollateralization Deficiency Amount

0.00

Overcollateralization Target Amount

20,356,233.57

Net Monthly Excess Cashflow

2,655,937.65

Page 8 of 26

Soundview Home Loan Trust 2007-NS1

Mortgage Pass-Through Certificates

March 26, 2007 Distribution

Collateral Report

COLLATERAL

Total

Loan Count:

Original

3,772

Prior

3,772

Prefunding

Scheduled Paid Offs

-0

Full Voluntary Prepayments

-39

Repurchases

-0

Liquidations

-0

Current

3,733

Principal Balance:

Original

678,541,119.12

Prior

678,541,119.12

Prefunding

0.00

Scheduled Principal

-312,562.51

Partial Prepayments

-0.00

Full Voluntary Prepayments

-7,078,933.40

Repurchases

-0.00

Liquidations

-0.00

Current

671,149,623.21

PREFUNDING

SPACE INTENTIONALLY LEFT BLANK

Page 9 of 26

Soundview Home Loan Trust 2007-NS1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
March 26, 2007 Distribution


CHARACTERISTICS
CHARACTERISTICS

							Total
Weighted Average Coupon Original							8.70495%
Weighted Average Coupon Prior							8.70495%
Weighted Average Coupon Current							8.70495%
Weighted Average Months to Maturity Original							352
Weighted Average Months to Maturity Prior							352
Weighted Average Months to Maturity Current							352
Weighted Avg Remaining Amortization Term Original							405
Weighted Avg Remaining Amortization Term Prior							405
Weighted Avg Remaining Amortization Term Current							405
Weighted Average Seasoning Original							4.83
Weighted Average Seasoning Prior							4.83
Weighted Average Seasoning Current							4.83

Page 10 of 26

Soundview Home Loan Trust 2007-NS1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
March 26, 2007 Distribution


ARM CHARACTERISTICS
ARM CHARACTERISTICS

							Total
Weighted Average Margin Original							6.11800%
Weighted Average Margin Prior							6.11800%
Weighted Average Margin Current							6.11800%
Weighted Average Max Rate Original							15.48000%
Weighted Average Max Rate Prior							15.48000%
Weighted Average Max Rate Current							15.48000%
Weighted Average Min Rate Original							8.48290%
Weighted Average Min Rate Prior							8.48290%
Weighted Average Min Rate Current							8.48290%
Weighted Average Cap Up Original							1.49740%
Weighted Average Cap Up Prior							1.49740%
Weighted Average Cap Up Current							1.49740%
Weighted Average Cap Down Original							1.49740%
Weighted Average Cap Down Prior							1.49740%
Weighted Average Cap Down Current							1.49740%




SERVICING FEES & ADVANCES
SERVICING FEES & ADVANCES

							Total




Current Servicing Fees							80,861.45
Delinquent Servicing Fees							201,864.02
TOTAL SERVICING FEES							282,725.48


Total Servicing Fees							282,725.48
Compensating Interest							-19,065.07
Delinquent Servicing Fees							-201,864.02
COLLECTED SERVICING FEES							61,796.39


Total Advanced Interest							3,298,409.33
Total Advanced Principal							218,310.41
Aggregate Advances with respect to this Distribution							0.00





ADDITIONAL COLLATERAL INFORMATION
ADDITIONAL COLLATERAL INFORMATION
							Total
Prepayment Interest Shortfall (PPIS)							19,065.08
Compensating Interest							(19,065.07)
Net Prepayment Interest Shortfall (PPIS)							0.00

Weighted Average Net Mortgage Rate							8.098690%
Ending Pool Stated Principal Balance							671,149,623.21





Page 11 of 26

Soundview Home Loan Trust 2007-NS1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
March 26, 2007 Distribution

Delinquency Report

TOTAL
		< 1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT	Balance		9,892,394.20	982,906.84	343,112.09	11,218,413.13
	% Balance		1.47%	0.15%	0.05%	1.67%
	# Loans		67	4	1	72
	% # Loans		1.79%	0.11%	0.03%	1.93%
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	113,300.27	0.00	0.00	0.00	113,300.27
	% Balance	0.02%	0.00%	0.00%	0.00%	0.02%
	# Loans	1	0	0	0	1
	% # Loans	0.03%	0.00%	0.00%	0.00%	0.03%
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	113,300.27	9,892,394.20	982,906.84	343,112.09	11,331,713.40
	% Balance	0.02%	1.47%	0.15%	0.05%	1.69%
	# Loans	1	67	4	1	73
	% # Loans	0.03%	1.79%	0.11%	0.03%	1.96%

Page 12 of 26

Soundview Home Loan Trust 2007-NS1

Mortgage Pass-Through Certificates

March 26, 2007 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 13 of 26

Soundview Home Loan Trust 2007-NS1

Mortgage Pass-Through Certificates

March 26, 2007 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 14 of 26

Soundview Home Loan Trust 2007-NS1

Mortgage Pass-Through Certificates

March 26, 2007 Distribution

Prepayment Report

VOLUNTARY PREPAYMENTS

Total

Current

Number of Paid in Full Loans

Number of Repurchased Loans

Total Number of Loans Prepaid in Full

Curtailments Amount

0.00

Paid in Full Balance

7,078,933.40

Repurchased Loans Balance

0.00

Total Prepayment Amount

7,078,933.40

Cumulative

Number of Paid in Full Loans

Number of Repurchased Loans

Total Number of Loans Prepaid in Full

Paid in Full Balance

7,078,933.40

Repurchased Loans Balance

0.00

Curtailments Amount

0.00

Total Prepayment Amount

7,078,933.40

Page 15 of 26

Soundview Home Loan Trust 2007-NS1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
March 26, 2007 Distribution


VOLUNTARY PREPAYMENTS RATES



		Total





SMM	1.04%
3 Months Avg SMM	1.04%
12 Months Avg SMM	1.04%
Avg SMM Since Cut-off	1.04%



CPR	11.83%
3 Months Avg CPR	11.83%
12 Months Avg CPR	11.83%
Avg CPR Since Cut-off	11.83%



PSA	1,224.83%
3 Months Avg PSA Approximation	1,224.83%
12 Months Avg PSA Approximation	1,224.83%
Avg PSA Since Cut-off Approximation	1,224.83%

Page 16 of 26

Soundview Home Loan Trust 2007-NS1

Mortgage Pass-Through Certificates

March 26, 2007 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/(0.002*min(30,WAS))

Average SMM over period between nth month and mth month (AvgSMMn,m): 1 - [(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/(0.002*Avg WASn,m))

Average WASn,m: (min(30,WASn)+min(30,WASn+1)+...+min(30,WASm)/(number of months in the period n,m)

Weighted Average Seasoning (WAS)

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 26

Soundview Home Loan Trust 2007-NS1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
March 26, 2007 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

148908065 1		235,260.00	235,074.51	21-Feb-2007	8.320%	VA - 90.00%	Paid Off - 360	01-Nov-2006
148908065 1		235,260.00	235,074.51	21-Feb-2007	8.320%	VA - 90.00%	Paid Off - 360	01-Nov-2006
148908069 1		26,140.00	26,128.14	21-Feb-2007	14.750%	VA - 100.00%	Paid Off - 360	01-Nov-2006
193100095 1		335,840.00	334,973.50	08-Feb-2007	8.270%	NC - 80.00%	Paid Off - 360	01-Oct-2006
193100096 1		83,960.00	83,870.27	08-Feb-2007	13.210%	NC - 100.00%	Paid Off - 360	01-Oct-2006
240013970 1		70,000.00	69,847.50	09-Feb-2007	9.090%	MO - 70.00%	Paid Off - 360	01-Oct-2006
240218682 1		127,000.00	126,679.95	28-Feb-2007	8.360%	WA - 46.18%	Paid Off - 360	01-Oct-2006
240315583 1		113,235.00	112,869.34	06-Feb-2007	8.430%	TN - 75.49%	Paid Off - 240	01-Dec-2006
241329181 1		112,207.60	111,914.46	20-Feb-2007	9.190%	VA - 90.49%	Paid Off - 300	14-Nov-2006
241423172 1		200,000.00	199,707.48	23-Feb-2007	9.580%	GA - 80.00%	Paid Off - 360	15-Oct-2006
241520902 1		204,000.00	203,771.57	07-Feb-2007	12.600%	GA - 100.00%	Paid Off - 360	01-Oct-2006
241720758 1		60,000.00	59,935.05	26-Feb-2007	12.320%	MN - 85.11%	Paid Off - 360	16-Sep-2006
242419204 1		73,500.00	73,272.17	22-Feb-2007	7.330%	OK - 63.91%	Paid Off - 360	01-Oct-2006
243821639 1		167,406.50	167,338.52	06-Feb-2007	10.400%	OH - 90.49%	Paid Off - 360	01-Dec-2006
245410459 1		332,505.00	332,077.77	27-Feb-2007	6.600%	UT - 87.55%	Paid Off - 360	15-Nov-2006
250801639 1		494,900.00	494,545.69	16-Feb-2007	8.650%	MD - 70.70%	Paid Off - 360	15-Oct-2006
250801772 1		263,900.00	263,749.18	07-Feb-2007	8.020%	MD - 80.00%	Paid Off - 360	01-Nov-2006
253508535 1		151,500.00	151,177.51	27-Feb-2007	9.180%	MD - 68.86%	Paid Off - 360	15-Oct-2006
253710753 1		129,700.00	129,575.34	27-Feb-2007	9.630%	CA - 69.36%	Paid Off - 360	01-Dec-2006
254708834 1		70,000.00	69,905.02	13-Feb-2007	12.330%	CA - 75.05%	Paid Off - 360	08-Sep-2006
256612080 1		134,000.00	133,818.43	20-Feb-2007	11.300%	MD - 58.01%	Paid Off - 360	08-Sep-2006
256612439 1		198,000.00	197,508.13	22-Feb-2007	8.960%	PA - 90.00%	Paid Off - 360	15-Oct-2006
256712225 1		203,602.50	203,400.13	15-Feb-2007	9.470%	CA - 90.49%	Paid Off - 360	01-Dec-2006
257112763 1		213,600.00	213,229.98	28-Feb-2007	7.380%	NJ - 80.00%	Paid Off - 360	15-Aug-2006
257705431 1		36,000.00	35,950.80	28-Feb-2007	12.300%	CA - 79.78%	Paid Off - 360	01-Oct-2006
257705660 1		185,000.00	184,575.08	27-Feb-2007	10.180%	CA - 43.02%	Paid Off - 360	01-Nov-2006
258309507 1		151,900.00	151,832.51	06-Feb-2007	9.980%	AZ - 78.91%	Paid Off - 360	15-Dec-2006
259009417 1		50,000.00	49,919.80	06-Feb-2007	13.050%	MD - 79.64%	Paid Off - 360	01-Oct-2006
259009455 1		423,000.00	422,533.74	07-Feb-2007	7.150%	FL - 90.00%	Paid Off - 360	01-Oct-2006
259009554 1		307,600.00	307,456.92	06-Feb-2007	8.725%	CA - 80.00%	Paid Off - 360	01-Dec-2006
284909000 1		55,000.00	54,932.16	21-Feb-2007	11.730%	NJ - 87.34%	Paid Off - 360	13-Oct-2006
286400126 1		132,000.00	131,765.77	21-Feb-2007	8.800%	NM - 80.00%	Paid Off - 360	01-Sep-2006
287201271 1		326,400.00	326,131.17	06-Feb-2007	8.170%	CA - 80.00%	Paid Off - 360	01-Nov-2006
287201272 1		81,600.00	81,540.39	06-Feb-2007	12.770%	CA - 100.00%	Paid Off - 360	01-Nov-2006
288805866 1		214,994.50	214,419.81	20-Feb-2007	8.060%	CA - 70.49%	Paid Off - 360	01-Oct-2006
289500970 1		64,000.00	63,927.84	07-Feb-2007	10.800%	WV - 82.05%	Paid Off - 360	01-Nov-2006
290205130 1		199,078.00	198,766.63	01-Mar-2007	9.260%	NM - 90.49%	Paid Off - 360	01-Nov-2006
291201565 1		211,470.00	211,211.81	26-Feb-2007	10.430%	FL - 70.49%	Paid Off - 360	15-Nov-2006
387200013 1		547,300.00	546,719.52	20-Feb-2007	9.160%	WA - 75.49%	Paid Off - 360	01-Dec-2006
393700073 1		103,000.00	102,879.81	26-Feb-2007	8.700%	FL - 78.63%	Paid Off - 360	01-Jan-2007


TOTAL	7,088,599.10	7,078,933.40

Page 18 of 26

Soundview Home Loan Trust 2007-NS1

Mortgage Pass-Through Certificates

March 26, 2007 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 19 of 26

Soundview Home Loan Trust 2007-NS1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
March 26, 2007 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 20 of 26

Soundview Home Loan Trust 2007-NS1

Mortgage Pass-Through Certificates

March 26, 2007 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 21 of 26

Soundview Home Loan Trust 2007-NS1

Mortgage Pass-Through Certificates

March 26, 2007 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 22 of 26

Soundview Home Loan Trust 2007-NS1

Mortgage Pass-Through Certificates

March 26, 2007 Distribution

Triggers and Adj. Cert. Report

TRIGGER EVENTS

Total

Stepdown Date Occurred?

Credit Enhancement Percentage (For Stepdown Date)

22.5962%

Applicable % (On and After Stepdown Date)

35.7900%

Trigger Event In Effect?

Delinquency Percentage

0.1954%

Credit Enhancement Percentage (For Trigger)

22.3500%

Cumulative Realized Losses

0.00

Stated Principal Balance as of Cutoff Date

678,541,119.12

Realized Loss Percentage

0.0000%

Cumulative Loss Trigger Percentage Threshold

100.0000%

Swap Provider Trigger Event?

Servicer Termination Trigger Event?

ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK

ADDITIONAL INFORMATION

Total

Libor for Current Period

5.320000%

Libor Rate Determination Date

03/06/2007

Libor for Next Period

5.320000%

Libor Next Rate Determination Date

03/22/2007

Page 23 of 26

Soundview Home Loan Trust 2007-NS1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
March 26, 2007 Distribution

Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

		NET WAC Shortfall Prior (1)	Curr NET WAC SF (2)	Total NET WAC SF (1+2)	Net Wac Paid from Cap	NET WAC Shortfall Paid	NET WAC Shortfall UnPaid
CLASS

	A-1	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
		$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	A-2	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
		$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	A-3	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
		$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	A-4	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
		$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	M-1	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
		$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	M-2	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
		$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	M-3	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
		$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	M-4	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
		$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	M-5	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
		$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	M-6	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
		$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	M-7	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
		$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	M-8	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
		$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	M-9	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
		$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	M-10	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
		$0.00	$0.00	$0.00	$0.00	$0.00	$0.00




Page 24 of 26

Soundview Home Loan Trust 2007-NS1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
March 26, 2007 Distribution


ADDITIONAL CERTIFICATE REPORT

		Next Pass Through Rate
CLASS

	A-1	5.44000%
		5.44000%
	A-2	5.47000%
		5.47000%
	A-3	5.52000%
		5.52000%
	A-4	5.62000%
		5.62000%
	M-1	5.67000%
		5.67000%
	M-2	5.77000%
		5.77000%
	M-3	5.92000%
		5.92000%
	M-4	6.22000%
		6.22000%
	M-5	6.32000%
		6.32000%
	M-6	6.62000%
		6.62000%
	M-7	7.32000%
		7.32000%
	M-8	7.32000%
		7.32000%
	M-9	7.32000%
		7.32000%
	M-10	7.32000%
		7.32000%




Page 25 of 26

Soundview Home Loan Trust 2007-NS1



Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
March 26, 2007 Distribution

Other Related Information
ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
							Total
Current Scheduled Payments							5,234,781.80
Current Scheduled Payments 1 Month Prior							0.00
Current Scheduled Payments 2 Month Prior							0.00
Current Scheduled Payments 3 Month Prior							0.00
Current Scheduled Payments 4 Month Prior							0.00
Current Scheduled Payments 5 Month Prior							0.00
Current Scheduled Payments 6 Month Prior							0.00
Current Scheduled Payments 7 Month Prior							0.00
Current Scheduled Payments 8 Month Prior							0.00
Current Scheduled Payments 9 Month Prior							0.00
Current Scheduled Payments 10 Month Prior							0.00
Current Scheduled Payments 11 Month Prior							0.00

Delinquent 60+ Scheduled Payments							0.00
Delinq. 60+ Sched. Pmnts, 1 Month Prior							0.00
Delinq. 60+ Sched. Pmnts, 2 Month Prior							0.00
Delinq. 60+ Sched. Pmnts, 3 Month Prior							0.00
Delinq. 60+ Sched. Pmnts, 4 Month Prior							0.00
Delinq. 60+ Sched. Pmnts, 5 Month Prior							0.00
Delinq. 60+ Sched. Pmnts, 6 Month Prior							0.00
Delinq. 60+ Sched. Pmnts, 7 Month Prior							0.00
Delinq. 60+ Sched. Pmnts, 8 Month Prior							0.00
Delinq. 60+ Sched. Pmnts, 9 Month Prior							0.00
Delinq. 60+ Sched. Pmnts, 10 Month Prior							0.00
Delinq. 60+ Sched. Pmnts, 11 Month Prior							0.00





Page 26 of 26

Soundview Home Loan Trust 2007-NS1 10-D/A