Financial Asset Sec Corp Asset Backed Certs Ser 2003-1 8-K Other events

                           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 25, 2003


                            Financial Asset Securities Corp.,
             (as depositor, Litton Loan Servicing LP, as Servicer,
               and Deutsche Bank National Trust Company, as Trustee).

              FINANCIAL ASSET SEC CORP ASSET BACKED CERTS SER 2003-1
            (Exact name of Registrant as specified in its Charter)


                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-104153-09                          06-1442101
          (Commission File Number)        (I.R.S. Employer Identification No.)


               600 Steamboat Road
               Greenwich, Connecticut                    06830
          (Address of principal executive offices)     (Zip Code)


          Registrant's Telephone Number, Including Area Code:  (203) 625-2700


     Item 5.  Other Events

     Attached hereto is a copy of the Monthly Remittance Statements to the
     Certificateholders which was derived from the monthly information
     submitted by the Master Servicer of the Trust to the Trustee.


     Item 7.  Financial Statement and Exhibits

     Exhibits:  (as noted in Item 5 above)

     Monthly Remittance Statement to the Certificateholders dated as of
     August 25, 2003.




                                     SIGNATURE


               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.


                                  Deutsche Bank National Trust Company,
                                  not in its individual capacity, but solely
                                  as a duly authorized agent of the Registrant
                                  pursuant to the Pooling and Servicing
                                  Agreement, dated as of July 15,2003.


          Date:  Apr 15, 2004               By:  /s/  Katherine M. Wannenmacher
                                            Katherine M. Wannenmacher
                                            Vice President



                                   EXHIBIT INDEX

          DOCUMENT

          Monthly Remittance Statement to the Certificateholders
          dated as of August 25, 2003.






			

	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates
	August 25, 2003 Distribution
	Contents
							&nbs p;
			TABLE OF CONTENTS
								Page
			1.	Contents				1
			2.	Certificate Payment Report				2
			3.	Collection Account Report				4
			4.	Credit Enhancement Report				7
			5.	Collateral Report				8
			6.	Delinquency Report				11
			7.	REO Report				12
			8.	Foreclosure Report				13
			9.	Prepayment Report				14
			10.	Prepayment Detail Report				17
			11.	Realized Loss Report				19
			12.	Realized Loss Detail Report				22
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				23
			14.	Additional Certificate Report				24
				Total Number of Pages				24
			CONTACTS
				Administrator: Eiko Akiyama
				Direct Phone Number: (714)247-6328
				Address: Deutsche Bank
				1761 E. St. Andrew Place, Santa Ana, CA 92705
				Web Site: https://www.corporatetrust.db.com/invr	&n bsp;
				Factor Information: (800) 735-7777
				Main Phone Number: (714) 247-6000
								&n bsp;
ISSUANCE INFORMATION
	Seller:		Greenwich Capital Financial Products, In					Cut-Off Date: July 15, 2003
	Certificate Insurer(s):							Closing Date: August 15, 2003
								First Payment Date: August 25, 2003
	Servicer(s):		Litton Loan Servicing Master Servicer
								Distribution Date: August 25, 2003
	Underwriter(s):		Greenwich Capital Markets					Record Date: August 22, 2003
								July 31, 2003
						Page 1 of 24					© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates
	Series 2003-1
	Cert ificate Payment Report for August 25, 2003 Distribution
	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)
A		216,582,000.00			216,582,000.00	93,852.20	4,951,797.81	5,045,650.01	-	-	211,630,202.19
M-1		19,149,000.00			19,149,000.00	10,425.57	-	10,425.57	-	-	19,149,000.00
M-2		17,432,000.00			17,432,000.00	16,269.87	-	16,269.87	-	-	17,432,000.00
M-3		3,302,000.00			3,302,000.00	4,228.39	-	4,228.39	-	-	3,302,000.00
M-4		3,302,000.00			3,302,000.00	4,687.01	-	4,687.01	-	-	3,302,000.00
M-5		2,905,000.00			2,905,000.00	4,526.96	-	4,526.96	-	-	2,905,000.00
C		1,452,974.36			1,452,974.36	-	-	-	-	-	1,452,974.36
S		-			-	356,920.88	-	356,920.88	-	-	-
R		-			-	1,797,711.98	-	1,797,711.98	-	-	-
R-X		-			-	-	-	-	-	-	-
ARR1		1,788,679.19			1,788,679.19	-	792,625.41	792,625.41	-	-	996,053.78
ARR2		2,221,150.56			2,221,150.56	-	43,854.04	43,854.04	-	-	2,177,296.52
Total		268,134,804.11			268,134,804.11	2,288,622.86	5,788,277.26	8,076,900.12	-	-	262,346,526.85
	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)
A	08/15/03	08/24/03		A-Act/360	83611MAA6	216,582,000.00	1,000.000000	0.433333	22.863386	23.296719	977.136614
M-1	08/15/03	08/24/03		A-Act/360	83611MAD0	19,149,000.00	1,000.000000	0.544445	-	0.544445	1,000.000000
M-2	08/15/03	08/24/03		A-Act/360	83611MAE8	17,432,000.00	1,000.000000	0.933334	-	0.933334	1,000.000000
M-3	08/15/03	08/24/03		A-Act/360	83611MAK4	3,302,000.00	1,000.000000	1.280554	-	1.280554	1,000.000000
M-4	08/15/03	08/24/03		A-Act/360	83611MAH1	3,302,000.00	1,000 .000000	1.419446	-	1.419446	1,000.000000
M-5	08/15/03	08/24/03		A-Act/360	83611MAJ7	2,905,000.00	1,000.000000	1.558334	-	1.558334	1,000.000000
C				F-30/360		265,577,948.36	1,000.000001	-	-	-	981.354636
S				F-30/360	83611MAF5	42,830,505.00	1,000.000000	8.333333	-	8.333333	969.900019
R				-	83611MAG3	-	-	-	-	-	-
R-X				-	83611MAL2	-	-	-	-	-	-
ARR1				-		1,788,679.19	1,000.000000	-	443.134473	443.134473	556.865527
ARR2				-		2,221,150.56	1,000.000000	-	19.743839	19.743839	980.256161
							Page 2 of 24				© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates
	Series 2003-1
	Certificate Payment Report for August 25, 2003 Distribution
	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)
A	216,582,000.00		93,852.20		4,696,017.88	255,779.93	4,951,797.81	5,045,650.01	-	-	211,630,202.19
M-1	19,149,000.00		10,425.57		-	-	-	10,425.57	-	-	19,149,000.00
M-2	17,432,000.00		16,269.87		-	-	-	16,269.87	-	-	17,432 ,000.00
M-3	3,302,000.00		4,228.39		-	-	-	4,228.39	-	-	3,302,000.00
M-4	3,302,000.00		4,687.01		-	-	-	4,687.01	-	-	3,302,000.00
M-5	2,905,000.00		4,526.96		-	-	-	4,526.96	-	-	2,905,000.00
C	1,452,974.36		-		-	-	-	-	-	-	1,452,974.36
S	-		356,920.88		-	-	-	356,920.88	-	-	-
R	-		1,797,711.98		-	-	-	1,797,711.98	-	-	-
R-X	-		-		-	-	-	-	-	-	-
ARR1	1,788,679.19		-		-	792,625.41	792,625.41	792,625.41	-	-	996,053.78
ARR2	2,221,150.56		-		-	43,854.04	43,854.04	43,854.04	-	-	2,177,296.52
Total	268,134,804.11		2,288,622.86		4,696,017.88	1,092,259.38	5,788,277.26	8,076,900.12	-	-	262,346,526.85
	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)
A	1.56000%	216,582,000.00			93,852.20	-	-	-	93,852.20	93,852.20	-
M-1	1.96000%	19,149,000.00			10,425.57	-	-	-	10,425.57	10,425.57	-
M-2	3.36000%	17,432,000.00			16,269.87	-	-	-	16,269.87	16,269.87	-
M-3	4.61000%	3,302,000.00			4,228.39	-	-	-	4,228.39	4,228.39	-
M-4	5.11000%	3,302,000.00			4,687.01	-	-	-	4,687.01	4,687.01	-
M-5	5.61000%	2,905,000.00			4,526.96	-	-	-	4,526.96	4,526.96	-
C	8.16755%	265,577,948.72			-	-	1,797,711.99	-	-	-	1,797,711.99
S	########	42,830,505.00			356,920.88	-	-	-	356,920.88	356,920.88	-
R		-			1,797,711.98	-	-	-	1,797,711.98	1,797,711.98	-
R-X		-			-	-	-	-	-	-	-
ARR1		1,788,679.19			-	-	-	-	-	-	-
ARR2		2,221,150.56			-	-	-	-	-	-	-
Total		575,090,283.47			2,288,622.86	-	1,797,711.99	-	2,288,622.86	2,288,622.86	1,797,711.99
							Page 3 of 24				© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates
	Collection Account Report for August 25, 2003 Distribution
	Collection Account Report
SUMMARY								TOTAL
	Principal Collections							4,951,797.81
	Principal Withdrawals							0.00
	Principal Other Accounts							836,479.45
	TOTAL NET PRINCIPAL							5,788,277.26
&nbs p;	Interest Collections							2,352,304.80
	Interest Withdrawals							0.00
	Interest Other Accounts							0.00
	Interest Fees							(63,681.94)
	TOTAL NET INTEREST							2,288,622.86
	TOTAL AVAILABLE FUNDS TO BONDHOLDERS							8,076,900.12
PRINCIPAL - COLLE CTIONS								TOTAL
	Scheduled Principal							255,779.93
	Curtailments							(105,509.57)
	Prepayments in Full							4,801,527.45
	Repurchases/Substitutions Shortfalls							0.00
	Liquidations							0.00
	Insurance Principal							0.00
	Other Additional Principal							0.00
	Delinquent Principal							(107,3 56.84)
	Advanced Principal							107,356.84
	Realized Losses							0.00
	TOTAL PRINCIPAL COLLECTED							4,951,797.81
				Page 4 of 24				© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates
	Collection Account Report for August 25, 2003 Distribution
	Collection Account Report
PRINCIPAL - WITHDRAWALS								TOTAL
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS								TOTAL
	TOTAL OTHER ACCOUNTS PRINCIPAL							836,479.45
INTEREST - COLLECTIONS								TOTAL
	Scheduled Interest							2,395,576.62
	Repurchases/Substitutions							0.00
	Liquidations					&n bsp;		0.00
	Insurance Interest							0.00
	Other Additional Interest							0.00
	Month End Interest (PPIS)							0.00
	Delinquent Interest							(1,084,301.20)
&nbs p;	Realized Losses							0.00
	Compensating Month End Interest							0.00
	Other Interest Shortfall (Relief Act)							0.00
	Interest Advanced							1,035,730.03
	Prepayment Penalties							5,299.35
	TOTAL INTEREST COLLECTED							2,352,304.80
											&nb sp;
				Page 5 of 24				© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates
	Collection Account Report for August 25, 2003 Distribution
	Collection Account Report
INTEREST - WITHDRAWALS								TOTAL
SPACE INTENTIONALLY LEFT BLANK
INTEREST - OTHER ACCOUNTS								TOTAL
	TOTAL OTHER ACCOUNT INTEREST							0.00
INTEREST - FEES								TOTAL
	Current Servicing Fees							61,480.90
	Trustee Fee							2,201.04
	PMI Insuranse Premium Fees							0.00
	TOTAL INTEREST OTHER FEES							63,681.94
				Page 6 of 24				© COPYRIGHT 2003 Deu tsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates
	Credit Enhancement Report for August 25, 2003 Distribution
	Credit Enhancement Report
ACCOUNTS								TOTAL
	Net WAC Rate Carryover Reserve Fund Beginning Balance							1,000.00
& nbsp;	Amount paid to maintain $1,000 balance							0.00
	Net WAC Rate Carryover Amo unt							0.00
	Net WAC Rate Carryover Reserve Fund Ending Balance							1,000.00
	Int Earnings paid to Class C							0.00
							;
INSURANCE								TOTAL			&n bsp;
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES								TOTAL
	Overcollateralization Target Amount							8,980,249.13
	Overcollateralized Amount							1,452,974.36
	Excess Overcollateralized Amount							0.00
	Overcollateralization Release Amount							0.00
	Overcollateralization Deficiency Amount							7,527,274.77
	Extra Principal Distribution Amt							0.00
				Page 7 of 24				© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates
	Collateral Report for August 25, 2003 Distribution
	Collateral Report
COLLATERAL								TOTAL
	Loan Count:
	Original							4058
	Prior							-
	Prefunding							-
	Scheduled Paid Offs							-
	Full Voluntary Prepayments							(53)
	Repurchases							-
	Liquidations							-
	Current							4,005
	Principal Balance:
	Original							264,124,974.36
	Prior							-
	Prefunding							-
	Scheduled Principal							(255,779.93)
	Partial and Full Voluntary Prepayments							(4,696,017.88)
	Repurchases							-
	Liquidations							-
	Current							259,173,176.55
PREFUNDING								TOTAL
SPACE INTENTIONALLY LEFT BLANK
Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)
				Page 8 of 24				© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates
	Collateral Report for August 25, 2003 Distribution
	Collateral Report
CHARACTERISTICS								TOTAL
	Weighted Average Coupon Original							10.883832%
	Weighted Average Coupon Prior
	Weighted Average Coupon Current							10.883832%
	Weighted Average Months to Maturity Original							272
	Weighted Average Months to Maturity Prior							-
	Weighted Average Months to Maturity Current							272
	Weighted Avg Remaining Amortization Term Original							298
	Weighted Avg Remaining Amortization Term Prior							-
	Weighted Avg Remaining Amortization Term Current							298
	Weighted Average Seasoning Original							33.70
	Weighted Average Seasoning Prior							-
	Weighted Average Seasoning Current							33.70
Note: Original information refers to deal issue.
WAC by Groups					Total WAC
WARAT by Groups					Total WARAT
Note: Dates correspond to distribution dates.
				Page 9 of 24				© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates
	Collateral Report for August 25, 2003 Distribution
	Collateral Report
ARM C HARACTERISTICS								TOTAL
	Weighted Average Margin Original							2.327%
	Weighted Average Margin Prior							0.000%
	Weighted Average Margin Current					&nbs p;		2.327%
	Weighted Average Max Rate Original							7.206%
	Weighted Average Max Rate Prior							0.000%
	Weighted Average Max Rate Current							7.206%
	Weighted Average Min Rate Original							353.569%
	Weighted Average Min Rate Prior							0.000%
	Weighted Average Min Rate Current							353.569%
	Weighted Average Cap Up Original							0.410%
	Weighted Average Cap Up Prior							0.000%
	Weighted Average Cap Up Current							0.410%
	Weighted Average Cap Down Original							0.410%
	Weighted Average Cap Down Prior							0.000%
	Weighted Average Cap Down Current							0.410%
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES								TOTAL
	Current Servicing Fees							61,480.90
	Delinquent Servicing Fees							48,571.17
	TOTAL SERVICING FEES							110,052.07
	Total Servicing Fees					&nb sp;		110,052.07
	Compensating Month End Interest							0.00
	Delinquent Servicing Fees							(48,571.17)
	COLLECTED SERVICING FEES							61,480.90
	Prepayment Interest Shortfall							0.00
	Total Advanced Interest							1,035,730.03
ADDITIONAL COLLATERAL INFORMATION								TOTAL			&nbs p;
	Next One-Month LIBOR							1.110000%
	Current One-Month LIBOR							1.110000%
				Page 10 of 24				© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates
	Delinquency Report for August 25, 2003 Distribution
	Delinquency Report - Total
				;
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3 + PAYMENTS	TOTAL
DELINQUENT		Balance			29,540,532.03	1,880,908.46	-	31,421,440.49
		% Balance			11.40%	0.73%	0.00%	12.12%
		# Loans			431	32	-	463
		% # Loans			10.76%	0.80%	0.00%	11.56%
FORECLOSURE		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
	;	% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL		Balance		-	29,540,532.03	1,880,908.46	-	31,421,440.49
		% Balance		0.00%	11.40%	0.73%	0.00%	12.12%
		# Loans		-	431	32	-	463
		% # Loans		0.00%	10.76%	0.80%	0.00%	11.56%
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent
Total Foreclosure					Total Bankruptcy and REO
Note: Dates correspond to distribution dates.					&nb sp;
				Page 11 of 24				© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates
	REO Report for August 25, 2003 Distribution
	REO Report - Mortgage Loans that Become REO During Current Distr ibution
SUMMARY				LOAN GROUP
Total Loan Count = 0				Loan Group 1 = Conform Group; REO Book Value = 0 00.00
Total Original Principal Balance = 000.00
Total Current Balance = 000.00
REO Book Value = 000.00
REO Book Value reported corresponds to total REO loans, including loans that become REO during current distribution.
Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK
				Page 12 of 24				© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates
	Foreclosure Report for August 25, 2003 Distribution
	Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution
SUMMARY				LOAN GROUP
Total Loan Count = 0				Loan Group 1 = Conform Group
Total Original Principal Balance = 000.00
Total Current Balance = 000.00
									&nbs p;
Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK
				Page 13 of 24				© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates
	Prepayment Report for August 25, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS								TOTAL
	Current
	Number of Paid in Full Loans							53
	Number of Repurchased Loans							-
	Total Number of Loans Prepaid in Full							53
	Paid in Full Balance							4,801,527.45
	Repurchased Loans Balance							-
	Curtailments Amount							(105,509.57)
	Total Prepayment Amount							4,696,017.88
	Cumulative
	Number of Paid in Full Loans							53
	Number of Repurchased Loans							-
	Total Number of Loans Prepaid in Full							53
	Paid in Full Balance							4,801,527.45
	Repurchased Loans Balance							-
	Curtailments Amount							(105,509.57)
	Total Prepayment Amount							4,696,017.88
SPACE INTENTIONALLY LEFT BLANK
Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)
				Page 14 of 24				© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates
	Prepayment Report for August 25, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
								;
VOLUNTARY PREPAYMENT RATES								TOTAL
	SMM							1.78%
	3 Months Avg SMM
	12 Months Avg SMM
	Avg SMM Since Cut-off							1.78%
	CPR							19.38%		&nb sp;
	3 Months Avg CPR
	12 Months Avg CPR
	Avg CPR Since Cu t-off							19.38%
	PSA							323.08%
	3 Months Avg PSA Approximation
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation							323.08%
CPR by Groups					Total CPR
PSA by Groups					Total PSA
				Page 15 of 24				© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates
	Prepayment Report for August 25, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
CPR Avg since Cut-Off by Groups					Total CPR Avg since Cut-Off
PSA Avg since Cut-Off by Groups					Total PSA Avg since Cut-Off
PREPAYMENT CALCULATION METHODOLOGY
Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases)/(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 t he 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 16 of 24				© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates
	Prepayment Detail Report for August 25, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 53						Loan Group 1 = Conform Group
Total Original Principal Balance = 4,913,182.00
Total Prepayment Amount = 4,801,527.45
Loan Number			Original			Current	State &	Type Prepayment
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	&	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Original Term	Date
3703808 1			41,612.00	39,481.43	Jul-31-03	10.625%	AL - 59.45%	Paid Off - 240	Jul-13-00
3706454 1			140,000.00	137,796.75	Aug-15-03	9.375%	FL - 70.00%	Paid Off - 360	Feb-23-01
3785532 1			78,750.00	77,571.29	Jul-31-03	11.625%	FL - 75.00%	Paid Off - 360	Apr-01-00
3787132 1			55,650.00	54,900.53	Aug-15-03	11.625%	MO - 70.00%	Paid Off - 360	Jul-12-00
3789328 1			92,000.00	90,319.28	Jul-31-03	10.250%	IL - 80.00%	Paid Off - 360	Jul-07-00
3792595 1			68,425.00	56,975.19	Aug-15-03	11.000%	OH - 85.00%	Paid Off - 180	Aug-16-00
3796448 1			191,200.00	187,923.09	Aug-15-03	9.625%	CA - 80.00%	Paid Off - 360	Nov-01-00
3806049 1			26,000.00	25,379.29	Jul-31-03	11.500%	TX - 65.00%	Paid Off - 360	Aug-21-00
3807724 1			64,500.00	63,554.89	Jul-31-03	11.750%	FL - 75.00%	Paid Off - 360	Aug-31-00
3808441 1			91,800.00	90,537.88	Jul-31-03	12.250%	GA - 85.00%	Paid Off - 360	Sep-11-00
3809290 1			117,300.00	115,611.69	Jul-31-03	10.990%	FL - 85.00%	Paid Off - 180	Sep-25-00
3832342 1			65,450.00	64,513.74	Aug-15-03	10.875%	LA - 85.00%	Paid Off - 180	Oct-12-00
3834264 1			60,000.00	59,248.12	Aug-15-03	12.250%	FL - 75.00%	Paid Off - 360	Oct-17-00
3835709 1			140,000.00	137,465.02	Aug-15-03	9.940%	GA - 45.16%	Paid Off - 360	Jul-21-00
3840097 1			336,000.00	329,935.96	Jul-31-03	9.750%	TX - 80.00%	Paid Off - 360	Oct-11-00
3844115 1			40,800.00	40,387.95	Aug-15-03	12.563%	TX - 72.86%	Paid Off - 360	Nov-17-00
3849312 1			60,000.00	57,676.32	Aug-15-03	11.500%	FL - 80.00%	Paid Off - 240	Dec-08-00
3849320 1			75,750.00	74,810.76	Aug-15-03	12.750%	NC - 75.00%	Paid Off - 360	Dec-08-00
3852985 1			25,000.00	24,432.70	Jul-31-03	13.750%	IL - 19.08%	Paid Off - 180	Dec-23-00
3861804 1			50,200.00	49,276.86	Jul-31-03	10.750%	KY - 89.96%	Paid Off - 360	Mar-27-00
3862059 1			49,500.00	48,205.53	Jul-31-03	9.700%	IN - 90.00%	Paid Off - 360	Aug-26-99
3866241 1			52,000.00	51,028.03	Aug-15-03	10.250%	LA - 80.00%	Paid Off - 360	Apr-11-00
3866415 1			88,000.00	85,654.64	Jul-31-03	9.600%	AR - 77.19%	Paid Off - 360	Jul-29-99
3867199 1			79,900.00	78,559.87	Jul-31-03	10.800%	MI - 85.00%	Paid Off - 360	May-08-00
3869427 1			37,800.00	36,983.34	Jul-31-03	10.450%	IA - 90.00%	Paid Off - 360	Mar-10-00
3871589 1		20,000.00	15,298.88	Jul-31-03	9.350%	KS - 78.43%	Paid Off - 180	Nov-12-99
3880697 1			163,000.00	160,521.18	Jul-31-03	9.500%	IL - 71.81%	Paid Off - 360	Feb-28-01
3882362 1			112,000.00	108,216.12	Aug-15-03	10.990%	TX - 80.00%	Paid Off - 240	Apr-23-01
3885878 1			221,850.00	217,434.54	Jul-31-03	10.670%	CO - 85.00%	Paid Off - 360	Mar-14-01
3890779 1			21,000.00	19,858.65	Aug-15-03	12.750%	VA - 70.00%	Paid Off - 180	May-25-01
3904588 1			138,550.00	136,265.34	Aug-15-03	11.250%	TN - 85.00%	Paid Off - 360	Jul-24-00
3905221 1			243,700.00	239,498.34	Jul-31-03	10.350%	WA - 75.00%	Paid Off - 360	Jun-29-00
3908035 1			49,500.00	42,448.17	Aug-15-03	10.950%	NC - 75.00%	Paid Off - 180	Sep-01-00
3908126 1			184,000.00	181,568.21	Jul-31-03	11.500%	CT - 80.00%	Paid Off - 360	Jul-14-00
3908266 1			36,720.00	36,377.66	Jul-31-03	12.875%	MO - 80.00%	Paid Off - 360	Aug-23-00
3924230 1			58,650.0 0	57,860.65	Aug-15-03	12.375%	CA - 78.20%	Paid Off - 360	Oct-12-00
3926011 1			261,900.00	257,983.97	Jul-31-03	10.990%	CA - 90.00%	Paid Off - 360	Jul-31-00
3933389 1			123,750.00	122,136.38	Aug-15-03	10.950%	MN - 71.12%	Paid Off - 180	Nov-17-00
3935251 1			76,500.00	75,779.64	Aug-15-03	12.625%	MI - 85.00%	Paid Off - 360	Dec-01-00
3935582 1			38,500.00	37,997.80	Jul-31-03	10.875%	KY - 75.49%	Paid Off - 180	Dec-07-00
3942265 1			100,300.00	98,557.83	Jul-31-03	10.500%	NC - 85.00%	Paid Off - 360	Feb-01-01		;
3942372 1			110,500.00	109,213.46	Aug-15-03	10.875%	SC - 85.00%	Paid Off - 360	Feb-01-01
3943636 1			65,600.00	64,947.75	Aug-15-03	11.625%	TX - 80.00%	Paid Off - 360	Feb-13-01
3943685 1			140,675.00	138,383.13	Jul-31-03	10.375%	IL - 85.00%	Paid Off - 180	Feb-19-01
					Page 17 of 24				© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates
	Prepayment Detail Report for August 25, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date
3948353 1			31,200.00	30,736.40	Jul-31-03	9.250%	SC - 80.00%	Paid Off - 360	Apr-12-01
3950144 1			30,400.00	30,097.09	Aug-15-03	12.830%	IN - 80.00%	Paid Off - 180	Jan-02-01
3952199 1			106,400.00	105,111.29	Aug-15-03	11.250%	IL - 84.44%	Paid Off - 180	Dec-23-00
3954831 1			181,050.00	178,896.49	Aug-15-03	11.000%	MD - 85.00%	Paid Off - 360	Jan-25-01
3956877 1			42,400.00	42,080.21	Jul-31-03	13.125%	IN - 80.00%	Paid Off - 180	Feb-02-01
3958857 1			54,400.00	50,250.47	Jul-31-03	10.400%	AL - 80.00%	Paid Off - 180	Feb-09-01
3958949 1			85,000.00	83,193.88	Jul-31-03	10.100%	NY - 62.96%	Paid Off - 360	Jan-26-00
3963469 1			40,000.00	36,650.03	Aug-15-03	10.500%	CA - 26.67%	Paid Off - 180	Feb-14-01
3964004 1			48,000.00	45,933.74	Jul-31-03	9.990%	TX - 77.42%	Paid Off - 240	Jan-15-01
					Page 18 of 24				© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates
	Realized Loss Report for August 25, 2003 Distribution
	Realized Loss Report - Collateral
COLLATERAL REALIZED LOSSES								TOTAL
	Current
	Number of Loans Liquidated							-
	Collateral Realized Loss/(Gain) Amount							-
	Net Liquidation Proceeds							-
	Cumulative
	Number of Loans Liquidated							-
	Collateral Realized Loss/(Gain) Amount							-
	Net Liquidation Proceeds							-
	Note: Collateral Realized Loss Amount may include adjustments to loans liquidated in prior periods.
SPACE INTENTIONALLY LEFT BLANK
							3 Months Moving Average
Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation
				Page 19 of 24				© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificat es
	Realized Loss Report for August 25, 2003 Distribution
	Realized Loss Report - Collateral
DEFAULT SPEEDS								TOTAL
	MDR							0.00%
	3 Months Avg MDR
	12 Months Avg MDR
	Avg MDR Since Cut-off							0.00%
	CDR							0.00%
	3 Months Avg CDR
	12 Months Avg CDR
	Avg CDR Since Cut-off							0.00%
				&nb sp;
	SDA							0.00%
	3 Months Avg SDA Approximation
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation							0.00%
	Loss Severity Approximation for Current Period
	3 Months Avg Loss Severity Approximation
	12 Months Avg Loss Severity Approximation
	Avg Loss Severity Approximation Since Cut-off
CDR by Groups					Total CDR
SDA by Groups					Total SDA
				;
				Page 20 of 24				© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset B acked Certificates
	Realized Loss Report for August 25, 2003 Distribution
	Realized Loss Report - Collateral
									&nb sp;
CDR Avg since Cut-Off by Groups					Total CDR Avg since Cut-Off
SDA Avg since Cut-Off by Groups					Total SDA Avg since Cut-Off
COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)
Conditional Default Rate (CDR): 1-((1-MDR )^12)
SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)*0.02,MAX(0.03,MIN(30,WAS)*0.02-0.0095*(WAS-60)))
Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn) * (1-MDRn+1) *.......*(1-MDRm)]^(1/months in period n,m)
Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)
Average SDA Approximation over period between the nth month and mth month:
AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)*0.02,MAX(0.03,MIN(30,Avg WASn,m)*0.02-0.0095*(Avg WASn,m-60)))
Average WASn,m: (WASn + WASn+1 +.......+ WASm )/(number of months in the period n,m)
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)
Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.
Dates correspond to distribution dates.									&n bsp;
				Page 21 of 24				© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates
	Realized Loss Detail Report for August 25, 2003 Distribution
	Realized Loss Detail Report - Loans Liquidated During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 0						Loan Group 1 = Conform Group
Total Original Principal Balance = 0.00
Total Prior Principal Balance = 0.00
Total Realized Loss Amount = 0.00
Total Net Liquidation Proceeds = 0.00									&nbs p;
Note: Total Realized Loss Amount may include adjustments to loans liquidated in prior periods.
Loan Number			Original	Prior		Current	State &
&		Loan	Principal	Principal	Realized	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Balance	Loss/(Gain)	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK
;					Page 22 of 24				© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates
	Triggers, Adj. Rate Cert. and Miscellaneous Report for August 25, 2003 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report
TRIGGER EVENTS								TOTAL
	Step Down Date?							No
	Trigger Event Occuring?							No
	Delinquency Percentage							0.712128%
	Beginning Credit Enhancement Percentage							18.000181%
	Ending Credit Enhancement Percentage							18.344095%
ADJUSTABLE RATE CERTIFICATE IN FORMATION								TOTAL
SPACE INTENTIONALLY LEFT BLANK
ADDITIONAL INFORMATION								TOTAL
SPACE INTENTIONALLY LEFT BLANK										;
				Page 23 of 24				© COPYRIGHT 2003 Deutsche Bank
	Soundview Home Loan Trust 2003-1
	Asset Backed Certificates
	Additional Certificate Report for August 25, 2003 Distribution
	Additional Certificate Report
	CLASS
	M-1					0.00	0.00	0.00
	M-2					0.00	0.00	0.00
	M-3					0.00	0.00	0.00
	C						0.00	0.00
					& nbsp;
				Page 24 of 24				© COPYRIGHT 2003 Deutsche Bank