8-K 1 sdv01001.txt AUGUST 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 15, 2001 SOUNDVIEW HOME EQUITY LOAN TRUST Home Equity Loan Asset-Backed Certs., Series 2001-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-84929-07 Pooling and Servicing Agreement) (Commission (State or other File Number) 52-2316396 jurisdiction 52-2316397 of Incorporation) 52-2316398 IRS EIN c/o Wells Fargo Bank Minnesota, N.A. 11000 Broken Land Parkway Columbia, MD 21044 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 Former name or former address, if changed since last report) ITEM 5. Other Events On August 15, 2001 a distribution was made to holders of SOUNDVIEW HOME EQUITY LOAN TRUST, Home Equity Loan Asset-Backed Certs., Series 2001-1 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Home Equity Loan Asset-Backed Certs., Series 2001-1 Trust, relating to the August 15, 2001 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SOUNDVIEW HOME EQUITY LOAN TRUST Home Equity Loan Asset-Backed Certs., Series 2001-1 Trust By: Wells Fargo Bank Minnesota, N.A. as Trustee By: /s/ Beth Belfield,Officer By: Beth Belfield, Officer Date: 8/20/01 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Home Equity Loan Asset-Backed Certs., Series 2001-1 Trust, relating to the August 15, 2001 distribution. EX-99.1

Soundview Mortgage Pass-Through Certificates Record Date: 67/3031/01 Distribution Date: 78/1615/01 SDV Series: 2001-1 Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A 83611PAJ0 SEN 6.26500% 9088,~~103~~501,~~592~~336.4891 ~~470~~462,~~415~~050.8473 12,~~602~~105,~~255~~037.5855 IO 83611PAK7 SEN 7.00000% 0.00 ~~250~~242,~~446~~098.4321 0.00 M_1 83611PAL5 MEZ 7.10000% 6,335,000.00 37,482.08 0.00 M_2 83611PAM3 MEZ 7.10000% 4,223,000.00 24,986.08 0.00 B 83611PAN1 JUN 7.10000% 2,903,000.00 17,176.08 0.00 BIO SDV011BIO JUN 0.00000% 528.25 0.00 0.00 R_1 SDV0101R1 SEN 0.00000% 0.00 0.00 0.00 R_2 SDV0101R2 SEN 0.00000% 0.00 0.00 0.00 R_3 SDV0101R3 SEN 0.00000% 0.00 0.00 0.00 P SDV01001P JUN 0.00000% 100.00 2945,~~696~~678.6774 0.00 Totals ~~103~~101,~~565~~962,~~220~~965.7316 ~~830~~829,~~203~~471.1892 12,~~602~~105,~~255~~037.5855

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 8886,~~501~~396,~~336~~299.9136 2,~~072~~567,~~671~~088.4228 0.00 IO 0.00 0.00 ~~250~~242,~~446~~098.4321 0.00 M_1 0.00 6,335,000.00 37,482.08 0.00 M_2 0.00 4,223,000.00 24,986.08 0.00 B 0.00 2,903,000.00 17,176.08 0.00 BIO 0.00 528.25 0.00 0.00 R_1 0.00 0.00 0.00 0.00 R_2 0.00 0.00 0.00 0.00 R_3 0.00 0.00 0.00 0.00 P 0.00 100.00 2945,~~696~~678.6774 0.00 Totals 0.00 ~~101~~99,~~962~~857,~~965~~927.1661 2,~~432~~934,~~458~~509.7647 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A 92,125,000.00 9088,~~103~~501,~~592~~336.4891 0.00 12,~~602~~105,~~255~~037.5855 0.00 0.00 IO 0.00 0.00 0.00 0.00 0.00 0.00 M_1 6,335,000.00 6,335,000.00 0.00 0.00 0.00 0.00 M_2 4,223,000.00 4,223,000.00 0.00 0.00 0.00 0.00 B 2,903,000.00 2,903,000.00 0.00 0.00 0.00 0.00 BIO 528.25 528.25 0.00 0.00 0.00 0.00 R_1 0.00 0.00 0.00 0.00 0.00 0.00 R_2 0.00 0.00 0.00 0.00 0.00 0.00 R_3 0.00 0.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 Totals 105,586,628.25 ~~103~~101,~~565~~962,~~220~~965.7316 0.00 12,~~602~~105,~~255~~037.5855 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A 12,~~602~~105,~~255~~037.5855 8886,~~501~~396,~~336~~299.9136 0.~~96066580~~93781600 12,~~602~~105,~~255~~037.5855 IO 0.00 0.00 0.00000000 0.00 M_1 0.00 6,335,000.00 1.00000000 0.00 M_2 0.00 4,223,000.00 1.00000000 0.00 B 0.00 2,903,000.00 1.00000000 0.00 BIO 0.00 528.25 1.00000000 0.00 R_1 0.00 0.00 0.00000000 0.00 R_2 0.00 0.00 0.00000000 0.00 R_3 0.00 0.00 0.00000000 0.00 P 0.00 100.00 1.00000000 0.00 Totals 12,~~602~~105,~~255~~037.5855 ~~101~~99,~~962~~857,~~965~~927.1661 0.~~96568066~~94574407 12,~~602~~105,~~255~~037.5855

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 92,125,000.00 ~~978~~960.~~05799164~~66580092 0.00000000 1722.~~39219083~~84979701 0.00000000 IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M_1 6,335,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M_2 4,223,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 2,903,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 BIO 528.25 1000.00000000 0.00000000 0.00000000 0.00000000 R_1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R_2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R_3 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are per $1,000 denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A 0.00000000 1722.~~39219083~~84979701 ~~960~~937.~~66580092~~81600391 0.~~96066580~~93781600 1722.~~39219083~~84979701 IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M_1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M_2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 BIO 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 R_1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R_2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R_3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A 92,125,000.00 6.26500% 9088,~~103~~501,~~592~~336.4891 ~~470~~462,~~415~~050.8473 0.00 0.00 IO 0.00 7.00000% 4241,~~933~~502,~~673~~551.00 ~~250~~242,~~446~~098.4321 0.00 0.00 M_1 6,335,000.00 7.10000% 6,335,000.00 37,482.08 0.00 0.00 M_2 4,223,000.00 7.10000% 4,223,000.00 24,986.08 0.00 0.00 B 2,903,000.00 7.10000% 2,903,000.00 17,176.08 0.00 0.00 BIO 528.25 0.00000% 528.25 0.00 0.00 0.00 R_1 0.00 0.00000% 0.00 0.00 0.00 0.00 R_2 0.00 0.00000% 0.00 0.00 0.00 0.00 R_3 0.00 0.00000% 0.00 0.00 0.00 0.00 P 100.00 0.00000% 0.00 0.00 0.00 0.00 Totals 105,586,628.25 ~~800~~783,~~506~~793.5118 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A 0.00 0.00 ~~470~~462,~~415~~050.8473 0.00 8886,~~501~~396,~~336~~299.9136 IO 0.00 0.00 ~~250~~242,~~446~~098.4321 0.00 41,502,551.00 M_1 0.00 0.00 37,482.08 0.00 6,335,000.00 M_2 0.00 0.00 24,986.08 0.00 4,223,000.00 B 0.00 0.00 17,176.08 0.00 2,903,000.00 BIO 0.00 0.00 0.00 0.00 528.25 R_1 0.00 0.00 0.00 0.00 0.00 R_2 0.00 0.00 0.00 0.00 0.00 R_3 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 2945,~~696~~678.6774 0.00 0.00 Totals 0.00 0.00 ~~830~~829,~~203~~471.1892 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A 92,125,000.00 6.26500% ~~978~~960.~~05799164~~66580092 5.~~10627777~~01547604 0.00000000 0.00000000 IO 0.00 7.00000% ~~1000~~966.~~00000000~~66667676 5.~~83333343~~63888885 0.00000000 0.00000000 M_1 6,335,000.00 7.10000% 1000.00000000 5.91666614 0.00000000 0.00000000 M_2 4,223,000.00 7.10000% 1000.00000000 5.91666588 0.00000000 0.00000000 B 2,903,000.00 7.10000% 1000.00000000 5.91666552 0.00000000 0.00000000 BIO 528.25 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R_1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R_2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R_3 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1,000 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A 0.00000000 0.00000000 5.~~10627777~~01547604 0.00000000 ~~960~~937.~~66580092~~81600391 IO 0.00000000 0.00000000 5.~~83333343~~63888885 0.00000000 966.66667676 M_1 0.00000000 0.00000000 5.91666614 0.00000000 1000.00000000 M_2 0.00000000 0.00000000 5.91666588 0.00000000 1000.00000000 B 0.00000000 0.00000000 5.91666552 0.00000000 1000.00000000 BIO 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 R_1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R_2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R_3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 ~~296966~~456787.~~70000000~~40000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 2,~~150~~646,~~050~~381.0324 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~336~~341,~~107~~046.6535 Realized Losses 0.00 Total Deposits 2,~~486~~987,~~157~~427.6859 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 5352,~~698~~918.9212 Payment of Interest and Principal 2,~~432~~934,~~458~~509.7647 Total Withdrawals (Pool Distribution Amount) 2,~~486~~987,~~157~~427.6859 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 4342,~~479~~868.7015 Trustee Fee- Wells Fargo Bank 2,~~596~~559.1629 FSA - Policy # 51074-N 6,~~757~~637.7760 Master Serv Fee ~~865~~853.2908 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 5352,~~698~~918.9212

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 6351 0 0 0 6351 43,~~045~~740,~~561~~733.2109 0.00 0.00 0.00 43,~~045~~740,~~561~~733.2109 60 Days 3921 0 0 0 3921 21,~~508~~156,~~291~~185.1754 0.00 0.00 0.00 21,~~508~~156,~~291~~185.1754 90 Days 4430 0 0 0 4430 2,~~504~~167,~~695~~810.6114 0.00 0.00 0.00 2,~~504~~167,~~695~~810.6114 120 Days 031 0 0 0 031 01,675,821.0004 0.00 0.00 0.00 01,675,821.0004 150 Days 09 0 0 0 09 0569,057.0003 0.00 0.00 0.00 0569,057.0003 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals ~~146~~142 0 0 0 ~~146~~142 9,~~058~~309,~~547~~606.9984 0.00 0.00 0.00 9,~~058~~309,~~547~~606.9984 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 43.~~455446~~679654% 0.000000% 0.000000% 0.000000% 43.~~455446~~679654% 3.~~950710~~724557% 0.000000% 0.000000% 0.000000% 3.~~950710~~724557% 60 Days 21.~~758133~~515152% 0.000000% 0.000000% 0.000000% 21.~~758133~~515152% 21.~~449482~~151186% 0.000000% 0.000000% 0.000000% 21.~~449482~~151186% 90 Days 32.~~111740~~164502% 0.000000% 0.000000% 0.000000% 32.~~111740~~164502% 2.~~445971~~158436% 0.000000% 0.000000% 0.000000% 2.~~445971~~158436% 120 Days 02.~~000000~~236652% 0.000000% 0.000000% 0.000000% 02.~~000000~~236652% 01.~~000000~~668574% 0.000000% 0.000000% 0.000000% 01.~~000000~~668574% 150 Days 0.~~000000~~649351% 0.000000% 0.000000% 0.000000% 0.~~000000~~649351% 0.~~000000~~566596% 0.000000% 0.000000% 0.000000% 0.~~000000~~566596% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 10.~~325318~~245310% 0.000000% 0.000000% 0.000000% 10.~~325318~~245310% 89.~~846162~~269350% 0.000000% 0.000000% 0.000000% 89.~~846162~~269350%

Delinquency Status By Groups

DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 4131 0 0 0 4131 2,~~472~~207,~~874~~188.9332 0.00 0.00 0.00 2,~~472~~207,~~874~~188.9332 60 Days 2213 0 0 0 2213 1750,~~193,292~~739.3461 0.00 0.00 0.00 1750,~~193,292~~739.3461 90 Days 2417 0 0 0 2417 1,~~461~~110,~~186~~414.5794 0.00 0.00 0.00 1,~~461~~110,~~186~~414.5794 120 Days 016 0 0 0 016 0729,082.0047 0.00 0.00 0.00 0729,082.0047 150 Days 04 0 0 0 04 0335,194.0049 0.00 0.00 0.00 0335,194.0049 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 8781 0 0 0 8781 5,~~127~~132,~~353~~619.8483 0.00 0.00 0.00 5,~~127~~132,~~353~~619.8483 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 43.~~137235~~195876% 0.000000% 0.000000% 0.000000% 43.~~137235~~195876% 3.~~594191~~275140% 0.000000% 0.000000% 0.000000% 3.~~594191~~275140% 60 Days 21.~~219980~~340206% 0.000000% 0.000000% 0.000000% 21.~~219980~~340206% 1.~~734386~~113986% 0.000000% 0.000000% 0.000000% 1.~~734386~~113986% 90 Days 21.~~421796~~752577% 0.000000% 0.000000% 0.000000% 21.~~421796~~752577% 21.~~123756~~647691% 0.000000% 0.000000% 0.000000% 21.~~123756~~647691% 120 Days 01.~~000000~~649485% 0.000000% 0.000000% 0.000000% 01.~~000000~~649485% 01.~~000000~~081850% 0.000000% 0.000000% 0.000000% 01.~~000000~~081850% 150 Days 0.~~000000~~412371% 0.000000% 0.000000% 0.000000% 0.~~000000~~412371% 0.~~000000~~497379% 0.000000% 0.000000% 0.000000% 0.~~000000~~497379% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 8.~~779011~~350515% 0.000000% 0.000000% 0.000000% 8.~~779011~~350515% 7.~~452333~~616047% 0.000000% 0.000000% 0.000000% 7.~~452333~~616047% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 2220 0 0 0 2220 1,~~572~~533,~~686~~544.2877 0.00 0.00 0.00 1,~~572~~533,~~686~~544.2877 60 Days 178 0 0 0 178 1405,~~314,998~~445.8393 0.00 0.00 0.00 1405,~~314,998~~445.8393 90 Days 2013 0 0 0 2013 1,~~043~~057,~~509~~395.0420 0.00 0.00 0.00 1,~~043~~057,~~509~~395.0420 120 Days 015 0 0 0 015 0946,738.0057 0.00 0.00 0.00 0946,738.0057 150 Days 05 0 0 0 05 0233,862.0054 0.00 0.00 0.00 0233,862.0054 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 5961 0 0 0 5961 34,~~931~~176,~~194~~987.1501 0.00 0.00 0.00 34,~~931~~176,~~194~~987.1501 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 54.~~200946~~807692% 0.000000% 0.000000% 0.000000% 54.~~200946~~807692% 4.~~680770~~641181% 0.000000% 0.000000% 0.000000% 4.~~680770~~641181% 60 Days 41.~~018913~~923077% 0.000000% 0.000000% 0.000000% 41.~~018913~~923077% 31.~~913817~~227058% 0.000000% 0.000000% 0.000000% 31.~~913817~~227058% 90 Days 43.~~728132~~125000% 0.000000% 0.000000% 0.000000% 43.~~728132~~125000% 3.~~105785~~200143% 0.000000% 0.000000% 0.000000% 3.~~105785~~200143% 120 Days 03.~~000000~~605769% 0.000000% 0.000000% 0.000000% 03.~~000000~~605769% 02.~~000000~~865247% 0.000000% 0.000000% 0.000000% 02.~~000000~~865247% 150 Days 01.~~000000~~201923% 0.000000% 0.000000% 0.000000% 01.~~000000~~201923% 0.~~000000~~707771% 0.000000% 0.000000% 0.000000% 0.~~000000~~707771% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1314.~~947991~~663462% 0.000000% 0.000000% 0.000000% 1314.~~947991~~663462% 1112.~~700373~~641399% 0.000000% 0.000000% 0.000000% 1112.~~700373~~641399% ~~(7) The 120 category for delinquent, bankruptcy, foreclosure, and REO contains loans that are 120 days or more delinquent.~~

OTHER INFORMATION Current Period Realized Loss - Includes Interest Shortfall 0.00 Cumulative Realized Losses - Includes Interest Shortfall 0.00 Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~336~~341,~~107~~046.6535

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 11.~~439520~~442699% Weighted Average Net Coupon 10.~~929521~~932700% Weighted Average Pass-Through Rate 10.~~899518~~902698% Weighted Average Maturity(Stepdown Calculation ) ~~357~~356 Beginning Scheduled Collateral Loan Count 1,~~433~~414 Number Of Loans Paid In Full 1928 Ending Scheduled Collateral Loan Count 1,~~414~~386 Beginning Scheduled Collateral Balance ~~103~~102,~~836~~369,~~332~~736.2218 Ending Scheduled Collateral Balance ~~102~~100,~~369~~404,~~736~~142.1811 Ending Actual Collateral Balance at 3031-~~Jun~~Jul-2001 ~~102~~100,~~400~~434,~~877~~300.1404 Monthly P &I Constant 1,~~110~~111,~~188~~563.6873 Ending Scheduled Balance for Premium Loans ~~102~~100,~~369~~404,~~736~~142.1811 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount ~~135~~139,~~659~~443.6248 Overcollateralized reduction Amount 0.00 Specified O/C Amount 2,322,892.00 Overcollateralized Amount ~~406~~546,~~771~~214.1178 Overcollateralized Deficiency Amount 21,~~051~~916,~~780~~120.5170 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount ~~135~~139,~~659~~443.6248

Cumulative Loss Event Occurred NO Delinquency Event Occurred NO Curtailments $95,~~635~~399.6048

Group Level Collateral Statement Group 1 2 Total Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 11.~~503913~~772908 12.~~382598~~428852 11.~~439520~~442699 Weighted Average Net Rate 1011.~~950219~~222906 11.~~832597~~871200 10.~~929521~~932700 Weighted Average Maturity 0(1) 0(1) ~~357~~356 Beginning Loan Count ~~1,003~~991 ~~430~~423 1,~~433~~414 Loans Paid In Full 1221 7 1928 Ending Loan Count ~~991~~970 ~~423~~416 1,~~414~~386 Beginning Scheduled Balance 6968,~~708~~777,~~082~~447.8917 3433,~~128~~592,~~249~~289.3301 ~~103~~102,~~836~~369,~~332~~736.2218 Ending scheduled Balance 6867,~~777~~369,~~447~~442.1703 33,~~592~~034,~~289~~700.0108 ~~102~~100,~~369~~404,~~736~~142.1811 Record Date 0607/3031/2001 0607/3031/2001 0607/3031/2001 Principal And Interest Constant ~~745~~750,~~299~~943.4952 ~~364~~360,~~889~~620.1921 1,~~110~~111,~~188~~563.6873 Scheduled Principal 7776,~~036~~184.3875 12,~~725~~692.5422 8988,~~761~~876.9297 Unscheduled Principal ~~853~~1,~~599~~331,820.3439 ~~523~~544,~~234~~896.7871 1,~~376~~876,~~834~~717.1210 Scheduled Interest ~~668~~674,~~263~~758.1177 ~~352~~347,~~163~~927.6599 1,~~020~~022,~~426~~686.76 Servicing Fees 29,~~840~~230.5645 14,~~504~~490.5287 4443,~~345~~721.0832 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 1,~~742~~719.6946 ~~853~~839.2183 2,~~595~~559.9029 FRY Amount ~~580~~573.8818 ~~284~~279.4196 ~~865~~853.2914 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest ~~636~~643,~~098~~235.9868 ~~336~~332,~~521~~317.5133 ~~972~~975,~~620~~553.4901 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00

Filing Compare · FINANCIAL ASSET SE CP SOUNDVIEW HM EQ LN AS BK CER SE 2001-1