Content:

Pages

Contact Information:

5/14/2007 0:00

Statement to Certificate Holders

2-3

Analyst:

Julie Ji

714.259.6832

Statement to Certificate Holders (Factors)

4-5

Julie.Ji@abnamro.com

Pool/Non-Pool Funds Cash Reconciliation

4/13/2007 0:00

Administrator:

Carol Tilton

312.992.2745

Pool Detail and Performance Indicators

carol.corradino-tilton@abnamro.com

Bond Interest Reconciliation Part I

LaSalle Website:

www.etrustee.net

Bond Interest Reconciliation Part II

6/13/2007 0:00

Bond Principal Reconciliation

Rating Information

Outside Parties To The Transaction

15 Month Loan Status Summary Part I

5/11/2007

15 Month Loan Status Summary Part II

15 Month Historical Payoff Summary

Prepayment Summary

Mortgage Loan Characteristics Part I

Mortgage Loan Characteristics Part II

17-19

Geographic Concentration

Current Period Realized Loss Detail

3/6/2007

Historical Realized Loss Summary

Realized Loss Summary

Material Breaches Detail

3/13/2007 0:00

Modified Loan Detail

Historical Collateral Level REO Report

Substitution Detail History

Substitution Detail History Summary

12/13/2032 0:00

5/15/2007 0:00

GreenPoint Mortgage Funding Trust 2007-HE1

Mortgage-Backed Notes

Series 2007-HE1

Distribution Date: 14-May-07

ABN AMRO Acct : 724546.1

Payment Date:

14-May-07

Prior Payment:

13-Apr-07

Next Payment:

13-Jun-07

Record Date:

11-May-07

Distribution

Count:

Depositor: Bear Stearns Asset Backed Securities I LLC

Underwriter: Bear Stearns & Co. Inc.

Closing Date:

6-Mar-07

Master Servicer: ABN AMRO LaSalle Bank N.A.

First Pay. Date:

Indenture Trustee: Citibank Agency & Trust

13-Mar-07

Securities Administrator: ABN AMRO LaSalle Bank N.A./ABN AMRO LaSalle Bank
N.A.

Rated Final

Payment Date:

13-Dec-32

Determination

Date:

15-May-07

Delinq Method:

OTS

11-May-2007 09:46

A-1

39539JAA4

507,837,000.00

491,447,121.09

9,759,781.85

0.00

481,687,339.24

2,314,852.45

0.00

5.4700000000%

A-2

39539JAB2

132,870,000.00

128,581,767.34

2,553,540.24

0.00

126,028,227.10

607,870.31

0.00

5.4900000000%

B-1

39539JAH9

7,992,000.00

0.00

7,992,000.00

57,258.24

0.00

8.3200000000%

B-2

39539JAJ5

14,985,000.00

0.00

14,985,000.00

107,359.20

0.00

8.3200000000%

39539JAN6

666,016,193.09 N

649,433,946.91

0.00

638,926,364.40

0.00

N/A

39539JAP1

0.00

N/A

39539JAM8

0.00

N/A

Total

663,684,000.00

643,005,888.43

12,313,322.09

0.00

630,692,566.34

3,087,340.20

0.00

Total P&I Payment

15,400,662.29

GreenPoint Mortgage Funding Trust 2007-HE1

Mortgage-Backed Notes

Series 2007-HE1

Distribution Date: 14-May-07

BOND PAYMENTS

Ending Certificate

Balance

Class

CUSIP

Original Face

Value

(1)

Beginning

Certificate

Balance

Interest Payment

(2)

Interest

Adjustment

Pass-Through

Rate

(1)

N denotes notional balance not included in total

(2)

Accrued Interest plus/minus Interest Adjustment minus Deferred Interest equals Interest Payment

Principal Payment

Principal

Adjustment or

Loss

Deferred

Interest

Page 2 of 28

11-May-2007 09:45

GreenPoint Mortgage Funding Trust 2007-HE1

Mortgage-Backed Notes

Series 2007-HE1

Distribution Date: 14-May-07

39539JAQ9

0.00

N/A

Total

0.00

Total P&I Payment

0.00

Interest Payment

(2)

Interest

Adjustment

Pass-Through

Rate

(1)

N denotes notional balance not included in total

(2)

Accrued Interest plus/minus Interest Adjustment minus Deferred Interest equals Interest Payment

CLASS X

Class

CUSIP

Original Face

Value

(1)

Beginning

Certificate

Balance

Principal Payment

Principal

Adjustment or

Loss

Deferred

Interest

Ending Certificate

Balance

Page 3 of 28

11-May-2007 09:45

A-1

39539JAA4

507,837,000.00

967.726103242

19.218335509

0.000000000

948.507767733

4.558258752

0.000000000

5.47000000%

A-2

39539JAB2

132,870,000.00

967.726103242

19.218335516

0.000000000

948.507767733

4.574925190

0.000000000

5.49000000%

B-1

39539JAH9

7,992,000.00

1000.000000000

0.000000000

1000.000000000

7.164444444

0.000000000

8.32000000%

B-2

39539JAJ5

14,985,000.00

1000.000000000

0.000000000

1000.000000000

7.164444444

0.000000000

8.32000000%

39539JAN6

666,016,193.09 N

975.102337823

0.000000000

959.325570503

0.000000000

N/A

39539JAP1

N/A

39539JAM8

N/A

GreenPoint Mortgage Funding Trust 2007-HE1

Mortgage-Backed Notes

Series 2007-HE1

Distribution Date: 14-May-07

Statement to Certificate Holders (FACTORS)

BOND PAYMENTS

Class

CUSIP

Original Face

Value

Beginning Certificate

Balance *

Principal Payment

Principal

Adjustment or

Loss

Deferred Interest *

Ending Certificate

Balance *

Interest Payment *

Interest Adjustment*

Next Rate **

* Per $1,000 of Original Face Value ** Estimated

Page 4 of 28

11-May-2007 09:45

GreenPoint Mortgage Funding Trust 2007-HE1

Mortgage-Backed Notes

Series 2007-HE1

Distribution Date: 14-May-07

Statement to Certificate Holders (FACTORS)

39539JAQ9

N/A

Original Face

Value

Beginning Certificate

Balance *

CLASS X

Interest Payment *

Interest Adjustment*

Next Rate **

* Per $1,000 of Original Face Value ** Estimated

Principal Payment

Principal

Adjustment or

Loss

Deferred Interest *

Ending Certificate

Balance *

Class

CUSIP

Page 5 of 28

11-May-2007 09:45

Interest Summary

Principal Summary

Reserve Fund

Interest Summary

Principal Summary

Beginning Balance

5,000.00

Scheduled Interest

4,970,681.48

Scheduled Prin Distribution

0.00

Withdrawal from Trust

0.00

Fees

77,601.70

Curtailments

(3,473,278.41)

Reimbursement from Waterfall

0.00

Remittance Interest

4,893,079.78

Prepayments in Full

13,980,860.92

Ending Balance

5,000.00

Other Interest Proceeds/Shortfalls

Liquidation Proceeds

0.00

Prepayment Penalties

0.00

Repurchase Proceeds

0.00

Special Hazard Amount

0.00

Other Interest Loss

0.00

Other Principal Proceeds

0.00

Fraud Loss Amount

0.00

Other Interest Proceeds

0.00

Remittance Principal

10,507,582.51

Bankruptcy Amount

0.00

Non-advancing Interest

0.00

Net PPIS/Relief Act Shortfall

0.00

Modification Shortfall

0.00

Insurance Policy

Other Interest Proceeds/Shortfalls

0.00

Interest Adjusted

4,893,079.78

Class A Guaranty Insurance Policy Premium

77,503.61

Fee Summary

Class A Guaranty Insurance Policy Draws

0.00

Total Servicing Fees

98.09

Events/Cycles

Total Trustee Fees

0.00

LPMI Fees

0.00

Managed Amortization Period in Effect

YES

Credit Manager's Fees

0.00

Rapid Amortization Period in Effect

Misc. Fees / Trust Expense

0.00

Rapid Amortization Event

Insurance Premium

77,503.61

Master Servicer Termination

Total Fees

77,601.70

Event of Servicer Termination

Draws on Line of Credit

Advances (Principal & Interest)

Borrower Draws

5,349,276.54

Prior Month's Outstanding Advances

N/A

Current Advances

N/A

Reimbursement of Prior Advances

N/A

Outstanding Advances

N/A

P&I Due Certificate Holders

15,400,662.29

GreenPoint Mortgage Funding Trust 2007-HE1

Mortgage-Backed Notes

Series 2007-HE1

Pool Source of Funds

Non-Pool Source of Funds

P&I Advances as of the end of the Due Period do not reflect the amount of advances remitted by the Servicer on the Servicer Remittance Date due to additional proceeds received between the end of the Due Period and the Servicer Remittance Date and netted from the P&I Advances
stated as of the end of the Due Period.

Distribution Date: 14-May-07

Cash Reconciliation Summary

Page 6 of 28

11-May-2007 09:45

Pool Detail

Performance Indicators

Factors Impacting Principal Payment Rules

WA Rates/Life

Historical

Amount

Count

Delinquency Levels

Num

Den

Fixed

Adj

Overall

Cut-off Pool Balance

666,016,193.09

9,871

3 mo. Rolling Average

6,669,267

659,198,245

1.02%

WAC - Remit Current

N/A

9.76%

Cum Scheduled Principal

6,188.44

6 mo. Rolling Average

6,669,267

659,198,245

1.02%

WAC - Remit Original

N/A

9.74%

Cum Unscheduled Principal

27,083,640.25

12 mo. Rolling Average

6,669,267

659,198,245

1.02%

WAC - Current

N/A

10.28%

Cum Liquidations

0.00

Loss Levels

Amount

Count

WAC - Original

N/A

10.25%

Cum Repurchases

0.00

3 mo. Cum Loss

0.00

WAL - Current

N/A

90.20

6 mo. Cum loss

0.00

WAL - Original

N/A

91.05

Current

Amount

Count

12 mo. Cum Loss

0.00

Beginning Pool

649,433,946.91

9,629

97.51%

Current Index Rate

Scheduled Principal

0.00

0.00%

Triggers

Next Index Rate

Unscheduled Principal

10,507,582.51

161

1.58%

Liquidations

0.00

0.00%

> Delinquency Trigger Event

(2)

Repurchases

0.00

0.00%

Delinquency Event Calc

(1)

6,669,267.37

659,198,245

1.02%

Ending Pool

638,926,364.40

9,468

95.93%

> Loss Trigger Event?

(3)

Average Loan Balance

67,482.72

Cumulative Loss

0.00%

Current Loss Detail

Amount

> Overall Trigger Event?

Liquidation

0.00

Pool Composition

Realized Loss

0.00

Step Down Date

Realized Loss Adjustment

0.00

Distribution Count

Properties

%/Score

Net Liquidation

0.00

Current Specified Enhancement %

(4)

4.60%

Cut-off LTV

17.85%

Step Down %

(5)

14.50%

Cash Out/Refinance

61.92%

Credit Enhancement

Amount

Delinquent Event Threshold %

(6)

5.25%

SFR

61.15%

Original OC

2,332,193.09

0.35%

> Step Down Date?

Target OC

25,641,623.43

3.85%

Min

Max

Beginning OC

6,428,058.48

Extra Principal

1,805,739.58

FICO

631

825

700.92

OC Amount per PSA

6,428,058.48

0.97%

Cumulative Extra Principal

5,901,604.97

Ending OC

8,233,798.06

OC Release

N/A

Non-Senior Certificates

22,977,000.00

3.45%

GreenPoint Mortgage Funding Trust 2007-HE1

Mortgage-Backed Notes

Series 2007-HE1

Distribution Date: 14-May-07

Pool Detail and Performance Indicators Total (All Loans)

Misc/Additional Information

Pool Level Information

5.320000%

Balance

115,204,600.10

399,592,133.91

394,618,112.15

Legend: (1) 60 Days+, REO, BK, F/C % (3) Condn: Cum Loss > specified thresholds (5) Defined Benchmark (7) Condn: Distn Cnt > 36, (4) > (5)
(2) (1) > (6) then TRUE (4) Non-Senior Certs + OC Amount / Ending Pool Bal (6) Defined Benchmark (Used in Delinq Event Calc)
Note: Delinquency and Loss Event Triggers may be flagged as "Yes" prior to the Step Down Date on account of the percentage thresholds being breached.

Owner Occupied

548,876,775.45

85.05%

Page 7 of 28

11-May-2007 09:45

A-1

Act/360

491,447,121.09

5.470000000%

2,314,852.45

0.00

2,314,852.45

0.00

A-2

Act/360

128,581,767.34

5.490000000%

607,870.31

0.00

607,870.31

0.00

B-1

Act/360

7,992,000.00

8.320000000%

57,258.24

0.00

57,258.24

0.00

B-2

Act/360

14,985,000.00

8.320000000%

107,359.20

0.00

107,359.20

0.00

649,433,946.91

N/A

0.00

N/A

0.00

N/A

0.00

N/A

0.00

Total

643,005,888.43

3,087,340.20

0.00

3,087,340.20

0.00

GreenPoint Mortgage Funding Trust 2007-HE1

Mortgage-Backed Notes

Series 2007-HE1

Distribution Date: 14-May-07

Bond Interest Reconciliation - Part I

- - A c c r u a l - -

- - - - - - - - O u t s t a n d i n g - - - - - - - -

Class

Method

Days

Opening Balance

Pass-Thru Rate

Accrual

Certificate

Interest

Total Interest

Additions

Total Interest

Deductions

Remaining

Basis Risk
Carry-Fwd

Shortfall

Outstanding Relief

Act / Prepayment

Interest Shortfalls

Net Cap

Rate in

Effect Y/N

(1)

Basis Risk Carry-Forward Shortfall - difference between LIBOR plus margin and the Net Rate Cap.

Distributable

Certificate

Interest

Interest Payment

Amount

Current Period

(Shortfall) /

Recovery

Remaining Int

Carry-Forward

Shortfall

Page 8 of 28

11-May-2007 09:45

A-1

11-May-07

13-Apr-07

14-May-07

0.00

A-2

11-May-07

13-Apr-07

14-May-07

0.00

B-1

11-May-07

13-Apr-07

14-May-07

0.00

B-2

11-May-07

13-Apr-07

14-May-07

0.00

30-Apr-07

13-Apr-07

14-May-07

0.00

30-Apr-07

1-Apr-07

1-May-07

0.00

30-Apr-07

1-Apr-07

1-May-07

0.00

30-Apr-07

1-Apr-07

1-May-07

0.00

Total

0.00

GreenPoint Mortgage Funding Trust 2007-HE1

Mortgage-Backed Notes

Series 2007-HE1

Distribution Date: 14-May-07

Bond Interest Reconciliation - Part II

- - - - - - - - - - - - - - - - - - - - - - - - - - - A d d i t i o n s - - - - - - - - - - - - - - - - - - - - - - - - - - - -

- - - - - - - - - - - D e d u c t i o n s - - - - - - - - - -

Class

Record Date

Prior Interest Due

Date

Current Interest

Due Date

Interest Rate

SWAP Agreement

Deposits from YM

Agreement

Prepayment

Premiums

Prior Int Carry-Fwd

Shortfall

Current Basis Risk

Carry-Fwd

Shortfall

(1)

Other Interest Proceeds are additional interest amounts specifically allocated to the bond(s) and used in determining the bonds Distributable Interest.

(2)

Interest Carry-Forward Shortfall is unpaid interest with interest thereon.

(3)

Basis Risk Carry-Forward Shortfall - difference between LIBOR plus margin and the Net Rate Cap.

Prior Shortfall

Reimbursement

Other Interest

Proceeds

(1)

Other Interest

Losses

Current Int Carry-

Fwd Shortfall

(2)

Page 9 of 28

11-May-2007 09:45

A-1

507,837,000.00

491,447,121.09

0.00

6,897,252.27

1,431,264.79

0.00

481,687,339.24

13-Dec-32

N/A

A-2

132,870,000.00

128,581,767.34

0.00

1,804,590.66

374,474.79

0.00

126,028,227.10

13-Dec-32

N/A

B-1

7,992,000.00

0.00

7,992,000.00

15-Dec-31

N/A

B-2

14,985,000.00

0.00

14,985,000.00

15-Dec-31

N/A

666,016,193.09

649,433,946.91

0.00

638,926,364.40

15-Dec-31

N/A

0.00

15-Dec-31

N/A

0.00

15-Dec-31

N/A

0.00

15-Dec-31

N/A

Total

663,684,000.00

643,005,888.43

0.00

8,701,842.93

1,805,739.58

0.00

630,692,566.34

GreenPoint Mortgage Funding Trust 2007-HE1

Mortgage-Backed Notes

Series 2007-HE1

Distribution Date: 14-May-07

Bond Principal Reconciliation

- - - - - - - - - - - - - - - - L o s s e s - - - - - - - - - - - - - - -

- Credit Support -

Class

Original Class

Balance

Beginning Class

Balance

Scheduled Principal

Payment

Unscheduled

Principal

Payment

Extra

Principal

Payment

Prior

Loss

Reimburs.

Rated

Final

Maturity

Original

Current

Losses

Cumulative

Losses

Interest on

Losses

Ending

Class Balance

Page 10 of 28

11-May-2007 09:45

Class

CUSIP

Fitch

Moody's

DBRS

S&P

A-1

39539JAA4

Aaa

AAA

A-2

39539JAB2

Aaa

AAA

B-1

39539JAH9

Baa2

BBB-

B-2

39539JAJ5

39539JAN6

39539JAQ9

AAA

GreenPoint Mortgage Funding Trust 2007-HE1

Mortgage-Backed Notes

Series 2007-HE1

Distribution Date: 14-May-07

Ratings Information

NR - Designates that the class was not rated by the rating agency.

(1)

Changed ratings provided on this report are based on information provided by the applicable rating agency via electronic transmission. It shall be understood that this transmission will generally have been provided to LaSalle within 30 days of the payment

date listed on this statement. Because ratings may have changed during the 30 day window, or may not be being provided by the rating agency in an electronic format and therefore not being updated on this report, LaSalle recommends that investors obtain current rating
information directly from the rating agency.

- - - - - - - - - - - - O r i g i n a l R a t i n g s - - - - - - - - - -

- - - - - - - - - - - - - - - - R a t i n g s C h a n g e / C h a n g e D a t e

(1)

- - - - - - - - - - - - - - - -

Fitch

Moody's

DBRS

S&P

Page 11 of 28

11-May-2007 09:45

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

Count

Balance

14-May-07

9,208

616,022,303

121

9,734,581

6,735,571

6,433,909

13-Apr-07

9,444

632,760,080

112

9,835,545

6,838,322

13-Mar-07

9,687

650,757,347

122

11,387,248

14-May-07

97.25%

96.42%

1.28%

1.52%

0.81%

1.05%

0.65%

1.01%

0.00%

13-Apr-07

98.08%

97.43%

1.16%

1.51%

0.76%

1.05%

0.00%

13-Mar-07

98.76%

98.28%

1.24%

1.72%

0.00%

GreenPoint Mortgage Funding Trust 2007-HE1

Mortgage-Backed Notes

Series 2007-HE1

Distribution Date: 14-May-07

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I (as of Cut-Off)

Distribution

Date

Current

Delinq 1 Month

Delinq 2 Months

Delinq 3+ Months

Bankruptcy

Foreclosure

REO

Total (All Loans)

Delinquency Balances are Exclusive of REO, Foreclosures and Bankruptcies.

Page 12 of 28

11-May-2007 09:45

Balance

14-May-07

13-Apr-07

13-Mar-07

14-May-07

0.00%

13-Apr-07

0.00%

13-Mar-07

0.00%

GreenPoint Mortgage Funding Trust 2007-HE1

Mortgage-Backed Notes

Series 2007-HE1

Distribution Date: 14-May-07

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II (as of Cut-Off)

- - - - - - - - - - - I n F o r e c l o s u r e a n d D e l i n q u e n t - - - - - - - - - - - - -

- - - - - - - - - - - - - - - I n R E O a n d D e l i n q u e n t - - - - - - - - - - - - - -

- - - - - - - - - - - - - I n B a n k r u p t c y a n d D e l i n q u e n t - - - - - - - - - - - - -

Distribution

Date

Current

31-60 Days

61-90 Days

90 + Days

Current

31-60 Days

61-90 Days

90 + Days

Total (All Loans)

61-90 Days

90 + Days

Current

31-60 Days

Page 13 of 28

11-May-2007 09:45

Insurance

Substitution

Liquidation

Remaining Term

Balance

Proceeds

Amount

Life

Coupon

Remit

14-May-07

9,468

638,926,364

161

13,980,861

0.00

10.28%

9.76%

13-Apr-07

9,629

649,433,947

180

15,742,948

0.00

10.28%

9.76%

13-Mar-07

9,809

662,144,595

4,950,322

0.00

10.25%

9.74%

GreenPoint Mortgage Funding Trust 2007-HE1

Mortgage-Backed Notes

Series 2007-HE1

Distribution Date: 14-May-07

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Curr Weighted Avg.

Total (All Loans)

Distribution

Date

Ending Pool

Payoffs

Realized Losses

Page 14 of 28

11-May-2007 09:45

SMM (Single Monthly Mortality)

Total

Current Period

1.62%

3-Month Average

1.37%

6-Month Average

1.37%

12-Month Average

1.37%

Average Since Cut-Off

1.37%

CPR (Conditional Prepayment Rate)

Total

Current Period

17.78%

3-Month Average

15.09%

6-Month Average

15.09%

12-Month Average

15.09%

Average Since Cut-Off

15.09%

PSA (Public Securities Association)

Total

Current Period

296%

3-Month Average

252%

6-Month Average

252%

12-Month Average

252%

Average Since Cut-Off

252%

SMM

Single Monthly Mortality

(Partial and Full Prepayments + Repurchases + Curtailments + Liquidations + Other Prin Proceeds) / (Beginning Collateral Bal - Scheduled Prin)

CPR

Conditional Prepayment Rate

1 - (1 - SMM)^12)

PSA

Public Securities Association

100 * CPR / (0.2 * MIN(30,WAS))

WAS

Weighted Average Seasoning

(Original Term - Remaining Term) * (Current Scheduled Balance / Deal Scheduled Principal Balance)

GreenPoint Mortgage Funding Trust 2007-HE1

Mortgage-Backed Notes

Series 2007-HE1

Distribution Date: 14-May-07

Prepayment Summary

0.00%

2.43%

4.86%

7.29%

9.71%

12.14%

14.57%

17.00%

Jun-06

Jul-06

Aug-06

Sep-06

Oct-06

Nov-06

Dec-06

Jan-07

Feb-07

Mar-07

Apr-07

May-07

0.00%

14.29%

28.57%

42.86%

57.14%

71.43%

85.71%

100.00%

Jun-06

Jul-06

Aug-06

Sep-06

Oct-06

Nov-06

Dec-06

Jan-07

Feb-07

Mar-07

Apr-07

May-07

229%

457%

686%

914%

1143%

1371%

1600%

Jun-06

Jul-06

Aug-06

Sep-06

Oct-06

Nov-06

Dec-06

Jan-07

Feb-07

Mar-07

Apr-07

May-07

Page 15 of 28

11-May-2007 09:45

Min

Max

Count

% of Total

Balance

% of Total

Min

Max

Count

% of Total

Balance

% of Total

20,000

951

10.08%

12,254,397

1.92%

20,000

1,011

10.24%

12,782,788

1.92%

20,000

27,000

774

8.20%

18,631,183

2.92%

20,000

27,000

834

8.45%

20,062,411

3.01%

27,000

34,000

841

8.91%

25,702,352

4.02%

27,000

34,000

878

8.89%

26,818,715

4.03%

34,000

41,000

809

8.58%

30,331,060

4.75%

34,000

41,000

851

8.62%

31,879,602

4.79%

41,000

48,000

711

7.54%

31,805,960

4.98%

41,000

48,000

740

7.50%

33,063,166

4.96%

48,000

54,000

665

7.05%

33,894,071

5.30%

48,000

53,000

612

6.20%

30,926,150

4.64%

54,000

70,000

1,368

14.50%

84,672,076

13.25%

53,000

69,000

1,398

14.16%

85,034,840

12.77%

70,000

86,000

864

9.16%

66,856,910

10.46%

69,000

85,000

955

9.67%

72,870,602

10.94%

86,000

102,000

749

7.94%

71,130,927

11.13%

85,000

101,000

787

7.97%

74,103,204

11.13%

102,000

118,000

422

4.47%

46,644,166

7.30%

101,000

117,000

430

4.36%

47,068,182

7.07%

118,000

133,000

339

3.59%

42,508,415

6.65%

117,000

134,000

401

4.06%

50,241,736

7.54%

133,000

748,000

941

9.97%

174,495,875

27.31%

134,000

749,000

974

9.87%

181,164,798

27.20%

9,434

100.00%

638,927,393

100.00%

9,871

100.00%

666,016,193

100.00%

Min

Max

Count

% of Total

Balance

% of Total

Min

Max

Count

% of Total

Balance

% of Total

8.25%

8.75%

1,004

10.64%

76,451,710

11.97%

5.25%

8.75%

1,116

11.31%

83,987,322

12.61%

8.75%

9.09%

465

4.93%

28,508,972

4.46%

8.75%

9.09%

476

4.82%

28,963,485

4.35%

9.09%

9.44%

523

5.54%

41,469,016

6.49%

9.09%

9.44%

554

5.61%

43,074,901

6.47%

9.44%

9.78%

814

8.63%

58,745,919

9.19%

9.44%

9.78%

833

8.44%

59,885,400

8.99%

9.78%

10.13%

987

10.46%

81,615,080

12.77%

9.78%

10.13%

1,036

10.50%

85,281,317

12.80%

10.13%

10.50%

1,495

15.85%

105,916,428

16.58%

10.13%

10.50%

1,567

15.87%

111,367,779

16.72%

10.50%

10.75%

1,034

10.96%

60,026,771

9.39%

10.50%

10.75%

1,068

10.82%

61,780,948

9.28%

10.75%

11.00%

678

7.19%

54,919,012

8.60%

10.75%

11.00%

706

7.15%

57,350,545

8.61%

11.00%

11.25%

635

6.73%

38,213,938

5.98%

11.00%

11.25%

660

6.69%

39,461,933

5.93%

11.25%

11.50%

724

7.67%

31,473,400

4.93%

11.25%

11.50%

740

7.50%

31,963,604

4.80%

11.50%

11.75%

331

3.51%

23,553,466

3.69%

11.50%

11.75%

343

3.47%

23,536,191

3.53%

11.75%

14.50%

744

7.89%

38,033,679

5.95%

11.75%

14.50%

772

7.82%

39,362,767

5.91%

9,434

100.00%

638,927,393

100.00%

9,871

100.00%

666,016,193

100.00%

GreenPoint Mortgage Funding Trust 2007-HE1

Mortgage-Backed Notes

Series 2007-HE1

Distribution Date: 14-May-07

Mortgage Loan Characteristics Part I

Distribution by Current Ending Principal Balance

Distribution by Cut-off Principal Balance

Distribution by Current Mortgage Rate

Distribution by Original Mortgage Rate

Page 16 of 28

11-May-2007 09:45

9,434

638,927,393

100.00%

90.20

10.28%

9,871

666,016,193

100.00%

190.40

10.24%

9,434

638,927,393

100.00%

9,871

666,016,193

100.00%

5,573

390,063,803

61.05%

90.88

10.21%

5,863

407,835,124

61.24%

192.61

10.16%

1,663

117,323,415

18.36%

91.53

10.23%

1,732

121,975,122

18.31%

189.56

10.20%

950

64,789,795

10.14%

86.55

10.66%

987

66,795,225

10.03%

182.29

10.66%

1,090

55,699,124

8.72%

86.86

10.48%

1,126

57,984,255

8.71%

186.33

10.46%

158

11,051,256

1.73%

90.24

10.18%

163

11,426,467

1.72%

188.70

10.18%

9,434

638,927,393

100.00%

9,871

666,016,193

100.00%

GreenPoint Mortgage Funding Trust 2007-HE1

Mortgage-Backed Notes

Series 2007-HE1

Distribution Date: 14-May-07

Mortgage Loan Characteristics Part II

Adjustable

Distribution by Product Characteristics (Current)

Product Type

# of

Loans

Ending Balance

% of

Balance

WAMM

WAC

Total

Distribution by Property Types (Current)

Property Type

# of

Loans

Ending Balance

% of

Balance

WAMM

WAC

SF Attached Dwelling

PUD

Multifamily

Condo - Low Facility

Condo - High Facility

Total

Distribution by Product Characteristics (Cut-off)

Product Type

# of

Loans

Original Principal

Balance

% of

Balance

WAMM

WAC

Adjustable

Total

Distribution by Property Types (Cut-off)

Property Type

# of

Loans

Ending Balance

% of

Balance

WAMM

WAC

SF Attached Dwelling

PUD

Multifamily

Condo - Low Facility

Condo - High Facility

Total

Page 17 of 28

11-May-2007 09:45

GreenPoint Mortgage Funding Trust 2007-HE1

Mortgage-Backed Notes

Series 2007-HE1

Distribution Date: 14-May-07

Mortgage Loan Characteristics Part II

6,994

535,823,975

83.86%

89.84

10.14%

7,346

559,593,980

84.02%

192.38

10.10%

2,283

95,805,135

14.99%

91.54

11.00%

2,359

98,619,322

14.81%

180.00

11.00%

157

7,298,283

1.14%

98.82

10.90%

166

7,802,891

1.17%

180.00

10.83%

9,434

638,927,393

100.00%

9,871

666,016,193

100.00%

5,165

375,597,866

58.79%

89.63

10.21%

5,401

387,693,893

58.21%

195.78

10.16%

3,785

239,152,713

37.43%

91.35

10.41%

3,968

253,040,564

37.99%

182.79

10.39%

484

24,176,814

3.78%

87.64

10.11%

502

25,281,736

3.80%

184.08

10.05%

9,434

638,927,393

100.00%

9,871

666,016,193

100.00%

Owner Occupied - Primary Residence

Non-Owner Occupied

Owner Occupied - Secondary Residence

Total

Refinance/Equity Takeout

Purchase

Refinance/No Cash Out

Total

Distribution by Occupancy Type (Current)

Occupancy Type

# of

Loans

Ending Balance

% of

Balance

WAMM

WAC

Distribution by Loan Purpose (Current)

Loan Purpose

# of

Loans

Ending Balance

% of

Balance

WAMM

WAC

Distribution by Occupancy Type (Cut-off)

Occupancy Type

# of

Loans

Ending Balance

% of

Balance

WAMM

WAC

Distribution by Loan Purpose (Cut-off)

Loan Purpose

# of

Loans

Ending Balance

% of

Balance

WAMM

WAC

Page 18 of 28

11-May-2007 09:45

GreenPoint Mortgage Funding Trust 2007-HE1

Mortgage-Backed Notes

Series 2007-HE1

Distribution Date: 14-May-07

Mortgage Loan Characteristics Part II

9,434

638,927,393

100.00%

90.20

10.28%

9,871

666,016,193

100.00%

190.40

10.24%

Greenpoint

Distribution by Originator Concentration > 10% (Current)

Originator

# of

Loans

Ending Balance

% of

Balance

WAMM

WAC

Distribution by Originator Concentration > 10% (Cut-off)

Originator

# of

Loans

Ending Balance

% of

Balance

WAMM

Page 19 of 28

11-May-2007 09:45

WAMM

WAC

California

4,244

349,487,569

54.70%

10.16%

New York

547

44,797,759

7.01%

10.10%

Florida

775

39,294,143

6.15%

10.49%

Washington

604

32,943,570

5.16%

10.53%

Maryland

305

20,800,614

3.26%

10.48%

Virginia

289

19,966,775

3.13%

10.31%

Arizona

380

18,968,376

2.97%

10.55%

Nevada

316

18,805,174

2.94%

10.28%

New Jersey

247

13,952,728

2.18%

10.36%

Oregon

207

13,061,557

2.04%

10.42%

Remaining

1,520

66,849,128

10.46%

10.57%

WAMM

WAC

California

4,447

364,492,335

54.73%

191

10.12%

New York

569

45,038,815

6.76%

199

10.06%

Florida

795

40,006,546

6.01%

188

10.50%

Washington

637

34,580,341

5.19%

187

10.49%

Maryland

323

22,021,358

3.31%

188

10.39%

Virginia

300

20,544,305

3.08%

190

10.29%

Arizona

391

19,537,331

2.93%

189

10.46%

Nevada

325

19,318,218

2.90%

190

10.23%

New Jersey

264

14,977,254

2.25%

188

10.34%

Oregon

226

14,177,829

2.13%

190

10.41%

Remaining

1,594

71,321,861

10.71%

187

10.56%

GreenPoint Mortgage Funding Trust 2007-HE1

Mortgage-Backed Notes

Series 2007-HE1

Distribution Date: 14-May-07

Geographic Concentration

Top 10 Current State Concentration

Geographic
Distribution

# of

Loans

Balance

(1)

% of

Balance

(1)

Based on Current Period Ending Principal Balance

Top 10 Original State Concentration

Geographic
Distribution

# of

Loans

Balance

(1)

% of

Balance

Top 10 Current State Concentration

California

Washington

Florida

New York

Oregon

New Jersey

Nevada

Arizona

Virginia

Maryland

Remaining

Page 20 of 28

11-May-2007 09:46

C
M
N
O
P

REO
Short Pay
Third Party
Write-off

R
S
T
W

1
2
3
4
5

6
7
8
9

GreenPoint Mortgage Funding Trust 2007-HE1

Mortgage-Backed Notes

Series 2007-HE1

Distribution Date: 14-May-07

Current Period Realized Loss Detail

Disclosure Control

Period

Original

Liquidation

Balance

Net Liquidation

Proceeds

Loss-Loan Non-

adjusted

Loss to Trust

Loss-Certs Non-

adjusted

Subsequent

Recov/(Exp)

Loss-Loan

Adjusted

Loss-Certs

Adjusted

Liq Type

Adj Type

Liq. Type Code - Legend
Charge-off
Matured
Repurchase
Note Sale
Paid in Full

Adjustment Legend
Escrow Bal/Adv
MREC
Rest'd Escrow
Replacement Res.
Suspense

Third Party
Charged Off/Matured
Side Note
Manual

Page 21 of 28

11-May-2007 09:46

Distribution Date

Beginning Scheduled

Balance

Net Liquidation

Proceeds

Realized Loss

Loan Count

Realized Loss

Adjusted

Cumulative

Realized Loss

Amount

Count

Amount

Count

Amount

Count

14-May-07

0.00

13-Apr-07

0.00

13-Mar-07

0.00

Total

0.00

GreenPoint Mortgage Funding Trust 2007-HE1

Mortgage-Backed Notes

Series 2007-HE1

Distribution Date: 14-May-07

Historical Realized Loss Summary

Total (All Loans)

- - - - - - - - - - - - - - - - - C u r r e n t R e a l i z e d L o s s - - - - - - - - - - - - - - - - -

- - - - - - - - - - - - - - P r e v i o u s L i q u i d a t i o n s / P a y o f f s - - - - - - - - - - - - - -

Claims on Prior

Liquidations

Recovery on Prior

Liquidations

(Claims)/Recoveries on

Prior Payoffs

Page 22 of 28

11-May-2007 09:46

MDR (monthly Default Rate)

Total

Current Period

0.00%

3-Month Average

0.00%

6-Month Average

0.00%

12-Month Average

0.00%

Average Since Cut-Off

0.00%

CDR (Conditional Default Rate)

Total

Current Period

0.00%

3-Month Average

0.00%

6-Month Average

0.00%

12-Month Average

0.00%

Average Since Cut-Off

0.00%

SDA (Standard Default Assumption)

Total

Current Period

0.00%

3-Month Average

0.00%

6-Month Average

0.00%

12-Month Average

0.00%

Average Since Cut-Off

0.00%

MDR

Monthly Default Rate

(Beginning Principal Balance of Liquidated Loans) / (Total Beginning Principal Balance)

CDR

Conditional Default Rate

1 - (1 - MDR)^12

SDA

Standard Default Assumption

If WAS=30 then CDR/(WAS*0.02) else if 30<WAS=60 then CDR/0.6 else if 60<WAS=120 then CDR/(0.6-((WAS-60)*0.0095)) else if WAS>120 then CDR/0.03

WAS

Weighted Average Seasoning

(Original Term - Remaining Term) * (Current Scheduled Balance / Deal Scheduled Principal Balance)

GreenPoint Mortgage Funding Trust 2007-HE1

Mortgage-Backed Notes

Series 2007-HE1

Distribution Date: 14-May-07

Realized Loss Summary

0.00%

0.86%

1.71%

2.57%

3.43%

4.29%

5.14%

6.00%

Jun-06

Jul-06

Aug-06

Sep-06

Oct-06

Nov-06

Dec-06

Jan-07

Feb-07

Mar-07

Apr-07

May-07

0.00%

7.14%

14.29%

21.43%

28.57%

35.71%

42.86%

50.00%

Jun-06

Jul-06

Aug-06

Sep-06

Oct-06

Nov-06

Dec-06

Jan-07

Feb-07

Mar-07

Apr-07

May-07

286%

571%

857%

1143%

1429%

1714%

2000%

Jun-06

Jul-06

Aug-06

Sep-06

Oct-06

Nov-06

Dec-06

Jan-07

Feb-07

Mar-07

Apr-07

May-07

Page 23 of 28

11-May-2007 09:46

GreenPoint Mortgage Funding Trust 2007-HE1

Mortgage-Backed Notes

Series 2007-HE1

Distribution Date: 14-May-07

Material Breaches Detail

Disclosure

Control #

Loan Group #

Ending Principal

Balance

Material Breach

Date

Material Breach Description

Material breaches of pool asset representation or warranties or transaction covenants.

Page 24 of 28

11-May-2007 09:46

GreenPoint Mortgage Funding Trust 2007-HE1

Mortgage-Backed Notes

Series 2007-HE1

Distribution Date: 14-May-07

Modified Loan Detail

Disclosure

Control #

Loan Group #

Modified Maturity

Date

Cutoff Maturity

Date

Modification Description

Modifications include any extensions or waivers to the mortgage loan terms, fees, penalties or payments during the preceding calendar month or that have become material over time.

Page 25 of 28

11-May-2007 09:46

Total

0.00

GreenPoint Mortgage Funding Trust 2007-HE1

Mortgage-Backed Notes

Series 2007-HE1

Distribution Date: 14-May-07

Historical Collateral Level REO Report

Recent

Appraisal

Value

Disclosure

Control #

REO Date

City

State

Liquidation

Expenses

Realized Loss

Appraisal

Date

Appraisal

Reduction

Amount

Date

Liquidated

Liquidation

Proceeds

Property Type

Actual Balance

Scheduled

Balance

Page 26 of 28

11-May-2007 09:46

Substitution Code

GreenPoint Mortgage Funding Trust 2007-HE1

Mortgage-Backed Notes

Series 2007-HE1

Adjusted for Principal

Distribution Date: 14-May-07

Substitution Detail History

- - - Loans Substituted Into Pool - - -

- - - - - - - - - - Loans Substituted Out of Pool - - - - - - - - - -

Investor #

Period

Beginning Principal Balance

Investor #

Period

Beginning Principal

Balance

Page 27 of 28

11-May-2007 09:46

GreenPoint Mortgage Funding Trust 2007-HE1

Mortgage-Backed Notes

Series 2007-HE1

Difference Into vs.

Out

Distribution Date: 14-May-07

Substitution Detail History Summary

- - - Loans Substituted Into Pool - - -

- - - Loans Substituted Out of Pool - - -

Period

Count

Beginning Principal Balance

Count

Beginning Principal Balance

Adjusted for Principal

Page 28 of 28

11-May-2007 09:46

Greenpoint Mortgage Funding Trust 2007-HE1 10-D/A