Minimum Investment Amounts. The Underwriter shall offer the Certificates in minimum denominations of $25,000, provided that the Certificates must be purchased in minimum total investments of $100,000. If the foregoing correctly sets forth the agreement between the Depositor and the Underwriter, please indicate your acceptance in the space provided for the purpose below. Very truly yours, FINANCIAL ASSET SECURITIES CORP. By: /s/ Xxxxxxx Xxx Name: Xxxxxxx Xxx Title: Vice President CONFIRMED AND ACCEPTED, as of the date first above written: GREENWICH CAPITAL MARKETS, INC. By: /s/ Xxxxxxx Xxx Name: Xxxxxxx Xxx Title: Vice President Underwriting Agreement dated June 21, 2007. As used in this Agreement, the term “Registration Statement” refers to the Registration Statement on Form S-3, File No. 000-000000-00 Closing Date: July 10, 2007. Approximate Pool Balance: $565,259,216.79 of Mortgage Loans. Cut-Off Date: July 1, 2007. Title and Description of Offered Certificates: Soundview Home Loan Trust 2007-OPT3, Asset-Backed Certificates, Series 2007-OPT3, Classes designated on the following page: Class Class Principal Balance Pass-Through Rate Xxxxx’x S&P Fitch Class I-A-1 $ 258,585,000.00 Variable Pass-Through Rate Aaa AAA AAA Class II-A-1 $ 80,806,000.00 Variable Pass-Through Rate Aaa AAA AAA Class II-A-2 $ 46,254,000.00 Variable Pass-Through Rate Aaa AAA AAA Class II-A-3 $ 43,971,000.00 Variable Pass-Through Rate Aaa AAA AAA Class II-A-4 $ 13,828,000.00 Variable Pass-Through Rate Aaa AAA AAA Class M-1 $ 21,480,000.00 Variable Pass-Through Rate Aa1 AA+ AA+ Class M-2 $ 18,371,000.00 Variable Pass-Through Rate Aa2 AA AA Class M-3 $ 10,740,000.00 Variable Pass-Through Rate Aa3 AA- AA- Class M-4 $ 10,175,000.00 Variable Pass-Through Rate A1 A+ A+ Class M-5 $ 9,327,000.00 Variable Pass-Through Rate A2 A A Class M-6 $ 8,762,000.00 Variable Pass-Through Rate A3 A- A- Class M-7 $ 8,196,000.00 Variable Pass-Through Rate Baa1 BBB+ BBB+ Class M-8 $ 7,066,000.00 Variable Pass-Through Rate Baa2 BBB BBB Class M-9 $ 5,935,000.00 Variable Pass-Through Rate Baa3 BBB- BBB- A legend in substantially the following form must appear on each Free Writing Prospectus: The issuer has filed a registration statement (including a base prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest in this offering, you should read the base prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting XXXXX on the SEC Web site at xxxx://xxx.xxx.xxx. Alternatively, RBS Greenwich Capital will arrange to send you the base prospectus at no charge if you request it by calling 0-000-000-0000 or emailing xxxxxxxxxxxxxxxxx@xxxxx.xxx. PROSPECTUS SUPPLEMENT dated June 21, 2007 (To Prospectus dated March 26, 2007) Consider carefully the risk factors beginning on page S-15 in this prospectus supplement and on page 2 in the prospectus. The certificates represent obligations of the Issuing Entity only and do not represent an interest in or obligation of Financial Asset Securities Corp. or Option One Mortgage Corporation, or any of their affiliates. This prospectus supplement may be used to offer and sell the certificates only if accompanied by the prospectus. Only the fourteen classes of certificates identified below are being offered by this prospectus supplement and the accompanying prospectus. The Offered Certificates · Represent ownership interests in a trust consisting of a pool of first lien, fixed-rate and adjustable-rate residential mortgage loans. The mortgage loans will be segregated into two groups, one consisting of mortgage loans with principal balances at origination that conform to Xxxxxxx Mac and Xxxxxx Xxx loan limits and one consisting of mortgage loans with principal balances at origination that may or may not conform to Xxxxxxx Mac and Xxxxxx Xxx loan limits. · Will accrue interest at a rate equal to one-month LIBOR plus the related fixed margin, subject to certain limitations described in this prospectus supplement. · Will be entitled to monthly distributions beginning in August 2007. Credit Enhancement · Subordination as described in this prospectus supplement under “Description of the Certificates Subordination.” · Overcollateralization as described in this prospectus supplement under “Description of the Certificates—Overcollateralization Provisions.” · Excess Interest as described in this prospectus supplement under “Description of the Certificates —Overcollateralization Provisions.” In addition, the offered certificates will have the benefit of an Interest Rate Swap Agreement, certain payments made pursuant to an Interest Rate Cap Agreement and a Basis Risk Cap Agreement. Class I-A-1 $ 258,585,000 Variable Class M-3 $ 10,740,000 Variable Class II-A-1 $ 80,806,000 Variable Class M-4 $ 10,175,000 Variable Class II-A-2 $ 46,254,000 Variable Class M-5 $ 9,327,000 Variable Class II-A-3 $ 43,971,000 Variable Class M-6 $ 8,762,000 Variable Class II-A-4 $ 13,828,000 Variable Class M-7 $ 8,196,000 Variable Class M-1 $ 21,480,000 Variable Class M-8 $ 7,066,000 Variable Class M-2 $ 18,371,000 Variable Class M-9 $ 5,935,000 Variable
Appears in 1 contract
Samples: Underwriting Agreement (Soundview Home Loan Trust 2007-Opt3)
Minimum Investment Amounts. The Underwriter shall offer the Certificates in minimum denominations of $25,000, provided that the Certificates must be purchased in minimum total investments of $100,000. If the foregoing correctly sets forth the agreement between the Depositor and the Underwriter, please indicate your acceptance in the space provided for the purpose below. Very truly yours, FINANCIAL ASSET SECURITIES CORP. By: /s/ Xxxxxxx Xxx Xxx Name: Xxxxxxx Xxx Xxx Title: Vice President CONFIRMED AND ACCEPTED, as of the date first above written: GREENWICH CAPITAL MARKETS, INC. By: /s/ Xxxxxxx Xxx Xxx Name: Xxxxxxx Xxx Xxx Title: Vice President Underwriting Agreement dated June 21May 4, 2007. As used in this Agreement, the term “Registration Statement” refers to the Registration Statement on Form S-3, File No. 000333-000000-00 140279 Closing Date: July 10May 15, 2007. Approximate Pool Balance: $565,259,216.79 2,321,786,205 of Mortgage Loans. Cut-Off Date: July April 1, 2007. Title and Description of Offered Certificates: Soundview Home Loan Trust 2007-OPT3, OPT1 Asset-Backed Certificates, Series 2007-OPT3OPT1, Classes designated on the following page: Class Class Principal Balance Pass-Through Rate Xxxxx’x S&P Fitch Purchase Price Initial Certificate Ratings Class I-A-1 $ 258,585,000.00 $925,181,000 100% Variable Pass-Through Rate Aaa AAA AAA Class II-A-1 $ 80,806,000.00 Variable Pass-Through Rate Aaa AAA AAA Class II-A-2 $ 46,254,000.00 Variable Pass-Through Rate Aaa AAA AAA Class II-A-3 $ 43,971,000.00 Variable Pass-Through Rate Aaa AAA AAA Class II-A-4 $ 13,828,000.00 Variable Pass-Through Rate Aaa AAA AAA Class M-1 $ 21,480,000.00 Variable Pass-Through Rate Aa1 AA+ AA+ Class M-2 $ 18,371,000.00 Variable Pass-Through Rate Aa2 AA AA Class M-3 $ 10,740,000.00 Variable Pass-Through Rate Aa3 AA- AA- Class M-4 $ 10,175,000.00 Variable Pass-Through Rate A1 A+ A+ Class M-5 $ 9,327,000.00 Variable Pass-Through Rate A2 A A Class M-6 $ 8,762,000.00 Variable Pass-Through Rate A3 A- A- Class M-7 $ 8,196,000.00 Variable Pass-Through Rate Baa1 BBB+ BBB+ Class M-8 $ 7,066,000.00 Variable Pass-Through Rate Baa2 BBB BBB Class M-9 $ 5,935,000.00 Variable Pass-Through Rate Baa3 BBB- BBB- A legend in substantially the following form must appear on each Free Writing Prospectus: The issuer has filed a registration statement (including a base prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest in this offering, you should read the base prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting XXXXX on the SEC Web site at xxxx://xxx.xxx.xxx. Alternatively, RBS Greenwich Capital will arrange to send you the base prospectus at no charge if you request it by calling 0-000-000-0000 or emailing xxxxxxxxxxxxxxxxx@xxxxx.xxx. PROSPECTUS SUPPLEMENT dated June 21liquidity of any class of Offered Certificates. Accordingly, 2007 (To Prospectus dated March 26all institutions whose investment activities are subject to legal investment laws and regulations, 2007) Consider carefully the risk factors beginning on page S-15 regulatory capital requirements or review by regulatory authorities should consult with their legal advisors in this prospectus supplement determining whether and on page 2 to what extent any class of Offered Certificates constitutes a legal investment or is subject to investment, capital or other restrictions. See “Legal Investment Considerations” in the prospectus. The certificates represent obligations of the Issuing Entity only and do not represent an interest in or obligation of Financial Asset Securities Corp. or Option One Mortgage Corporation, or any of their affiliates. This prospectus supplement may be used to offer and sell the certificates only if accompanied by the prospectus. Only the fourteen classes of certificates identified below are being offered by this prospectus supplement and the accompanying prospectus. The Offered Certificates · Represent ownership interests in a trust consisting of a pool of first lien, fixed-rate and adjustable-rate residential mortgage loans. The mortgage loans will be segregated into two groups, one consisting of mortgage loans with principal balances at origination that conform to Xxxxxxx Mac and Xxxxxx Xxx loan limits and one consisting of mortgage loans with principal balances at origination that may or may not conform to Xxxxxxx Mac and Xxxxxx Xxx loan limits. · Will accrue interest at a rate equal to one-month LIBOR plus the related fixed margin, subject to certain limitations described in this prospectus supplement. · Will be entitled to monthly distributions beginning in August 2007. Credit Enhancement · Subordination as described in this prospectus supplement under “Description of the Certificates Subordination.” · Overcollateralization as described in this prospectus supplement under “Description of the Certificates—Overcollateralization Provisions.” · Excess Interest as described in this prospectus supplement under “Description of the Certificates —Overcollateralization Provisions.” In addition, the offered certificates will have the benefit of an Interest Rate Swap Agreement, certain payments made pursuant to an Interest Rate Cap Agreement and a Basis Risk Cap Agreement. Class I-A-1 $ 258,585,000 Variable Class M-3 $ 10,740,000 Variable Class II-A-1 $ 80,806,000 Variable Class M-4 $ 10,175,000 Variable Class II-A-2 $ 46,254,000 Variable Class M-5 $ 9,327,000 Variable Class II-A-3 $ 43,971,000 Variable Class M-6 $ 8,762,000 Variable Class II-A-4 $ 13,828,000 Variable Class M-7 $ 8,196,000 Variable Class M-1 $ 21,480,000 Variable Class M-8 $ 7,066,000 Variable Class M-2 $ 18,371,000 Variable Class M-9 $ 5,935,000 Variable
Appears in 1 contract
Samples: Underwriting Agreement (Soundview Home Loan Trust 2007-Opt1)
Minimum Investment Amounts. The Underwriter shall offer the Certificates in minimum denominations of $25,000, provided that the Certificates must be purchased in minimum total investments of $100,000. If the foregoing correctly sets forth the agreement between the Depositor and the Underwriter, please indicate your acceptance in the space provided for the purpose below. Very truly yours, FINANCIAL ASSET SECURITIES CORP. By: /s/ Xxxxxxx Xxx Name: Xxxxxxx Xxx Title: Vice President CONFIRMED AND ACCEPTED, as of the date first above written: GREENWICH CAPITAL MARKETS, INC. By: /s/ Xxxxxxx Xxx Name: Xxxxxxx Xxx Title: Vice President Underwriting Agreement dated June 21October 11, 2007. As used in this Agreement, the term “Registration Statement” refers to the Registration Statement on Form S-3, File No. 000-000000-00 Closing Date: July 10October 11, 2007. Approximate Pool Balance: $565,259,216.79 495,100,045.69 of Mortgage Loans. Cut-Off Date: July October 1, 2007. Title and Description of Offered Certificates: Soundview Home Loan Trust 2007-OPT3OPT4, Asset-Backed Certificates, Series 2007-OPT3OPT4, Classes designated on the following page: Class Class Principal Balance Pass-Through Rate Xxxxx’x Moody’s S&P Fitch Class I-A-1 $ 258,585,000.00 233,489,000 Variable Pass-Through Rate Aaa AAA AAA Class II-A-1 $ 80,806,000.00 40,860,000 Variable Pass-Through Rate Aaa AAA AAA Class II-A-2 $ 46,254,000.00 67,162,000 Variable Pass-Through Rate Aaa AAA AAA Class II-A-3 $ 43,971,000.00 12,237,000 Variable Pass-Through Rate Aaa AAA AAA Class II-A-4 X-1 $ 13,828,000.00 233,489,000 Variable Pass-Through Rate Aaa AAA AAA Class M-1 X-2 $ 21,480,000.00 120,259,000 Variable Pass-Through Rate Aa1 AA+ AA+ Class M-2 $ 18,371,000.00 Variable Pass-Through Rate Aa2 AA AA Class M-3 $ 10,740,000.00 Variable Pass-Through Rate Aa3 AA- AA- Class M-4 $ 10,175,000.00 Variable Pass-Through Rate A1 A+ A+ Class M-5 $ 9,327,000.00 Variable Pass-Through Rate A2 A A Class M-6 $ 8,762,000.00 Variable Pass-Through Rate A3 A- A- Class M-7 $ 8,196,000.00 Variable Pass-Through Rate Baa1 BBB+ BBB+ Class M-8 $ 7,066,000.00 Variable Pass-Through Rate Baa2 BBB BBB Class M-9 $ 5,935,000.00 Variable Pass-Through Rate Baa3 BBB- BBB- Aaa AAA A legend in substantially the following form must appear on each Free Writing Prospectus: The issuer has filed a registration statement (including a base prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest in this offering, you should read the base prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting XXXXX on the SEC Web site at xxxx://xxx.xxx.xxx. Alternatively, RBS Greenwich Capital will arrange to send you the base prospectus at no charge if you request it by calling 0-000-000-0000 or emailing xxxxxxxxxxxxxxxxx@xxxxx.xxx. PROSPECTUS SUPPLEMENT dated June 21, 2007 (To Prospectus dated March 26, 2007) Consider carefully the risk factors beginning on page S-15 in this prospectus supplement and on page 2 in the prospectus. The certificates represent obligations of the Issuing Entity only and do not represent an interest in or obligation of Financial Asset Securities Corp. or Option One Mortgage Corporation, or any of their affiliates. This prospectus supplement may be used to offer and sell the certificates only if accompanied by the prospectus. Only the fourteen six classes of certificates identified below are being offered by this prospectus supplement and the accompanying prospectus. The Offered Certificates · Represent ownership interests in a trust consisting of a pool of first lien and second lien, fixed-rate and adjustable-rate residential mortgage loans. The mortgage loans will be segregated into two groups, one consisting of mortgage loans with principal balances at origination that conform to Xxxxxxx Mac and Xxxxxx Xxx loan limits and one consisting of mortgage loans with principal balances at origination that may or may not conform to Xxxxxxx Mac and Xxxxxx Xxx loan limits. · Will Will, except in the case of the Class X Certificates, accrue interest at a rate equal to one-month LIBOR plus the related fixed margin, subject to certain limitations described in this prospectus supplement. · The Class X-1 Certificates will accrue interest on a related notional amount at a fixed pass-through rate. · The Class X-2 Certificates will consist of multiple components, each of which will accrue interest on a related notional amount at a fixed pass-through rate. · Will be entitled to monthly distributions beginning in August November 2007. Credit Enhancement · Subordination as described in this prospectus supplement under “Description of the Certificates Subordination.” · Overcollateralization as described in this prospectus supplement under “Description of the Certificates—Overcollateralization Provisions.” · Excess Interest as described in this prospectus supplement under “Description of the Certificates —Overcollateralization Provisions.” In addition, the offered certificates will have the benefit of an Interest Rate Swap Agreement, certain payments made pursuant to an Interest Rate Cap Agreement and a Basis Risk Cap Agreement. Class I-A-1 $ 258,585,000 Variable Class M-3 $ 10,740,000 233,489,000 Variable Class II-A-1 $ 80,806,000 Variable Class M-4 $ 10,175,000 40,860,000 Variable Class II-A-2 $ 46,254,000 Variable Class M-5 $ 9,327,000 67,162,000 Variable Class II-A-3 $ 43,971,000 Variable Class M-6 $ 8,762,000 Variable Class II-A-4 $ 13,828,000 Variable Class M-7 $ 8,196,000 Variable Class M-1 $ 21,480,000 Variable Class M-8 $ 7,066,000 Variable Class M-2 $ 18,371,000 Variable Class M-9 $ 5,935,000 12,237,000 Variable
Appears in 1 contract
Samples: Underwriting Agreement (Soundview Home Loan Trust 2007-Opt4)
Minimum Investment Amounts. The Underwriter shall offer the Certificates in minimum denominations of $25,000, provided that the Certificates must be purchased in minimum total investments of $100,000. [Signature page follows] If the foregoing correctly sets forth the agreement between the Depositor and the Underwriter, please indicate your acceptance in the space provided for the purpose below. Very truly yours, FINANCIAL ASSET SECURITIES CORP. By: /s/ Xxxxxxx Xxx Name: Xxxxxxx Xxx Title: Vice President CONFIRMED AND ACCEPTED, as of the date first above written: GREENWICH CAPITAL MARKETS, INC. By: /s/ Xxxxxxx Xxx Name: Xxxxxxx Xxx Title: Vice President SCHEDULE I Underwriting Agreement dated June 21October 11, 2007. As used in this Agreement, the term “Registration Statement” refers to the Registration Statement on Form S-3, File No. 000-000000-00 Closing Date: July 10October 30, 2007. Approximate Pool Balance: $565,259,216.79 1,025,576,924.10 of Mortgage Loans. Cut-Off Date: July October 1, 2007. Title and Description of Offered Certificates: Soundview Home Loan Trust 2007-OPT3OPT5, Asset-Backed Certificates, Series 2007-OPT3OPT5, Classes designated on the following page: Initial Certificate Ratings Class Class Principal Balance Pass-Through Rate Xxxxx’x Moody’s S&P Fitch DBRS Class I-A-1 $ 258,585,000.00 542,518,000.00 Variable Pass-Through Rate Aaa AAA AAA Class II-A-1 $ 80,806,000.00 69,227,000.00 Variable Pass-Through Rate Aaa AAA AAA Class II-A-2 $ 46,254,000.00 113,129,000.00 Variable Pass-Through Rate Aaa AAA AAA Class II-A-3 $ 43,971,000.00 24,823,000.00 Variable Pass-Through Rate Aaa AAA AAA Class II-A-4 $ 13,828,000.00 X-1 Notional Amount Variable Pass-Through Rate Aaa AAA AAA Class M-1 $ 21,480,000.00 X-2 Notional Amount Variable Pass-Through Rate Aa1 AA+ AA+ Aaa AAA AAA Class M-2 $ 18,371,000.00 X-3 Notional Amount Variable Pass-Through Rate Aa2 AA AA Class M-3 $ 10,740,000.00 Variable Pass-Through Rate Aa3 AA- AA- Class M-4 $ 10,175,000.00 Variable Pass-Through Rate A1 A+ A+ Class M-5 $ 9,327,000.00 Variable Pass-Through Rate A2 Aaa AAA AAA EXHIBIT A A Class M-6 $ 8,762,000.00 Variable Pass-Through Rate A3 A- A- Class M-7 $ 8,196,000.00 Variable Pass-Through Rate Baa1 BBB+ BBB+ Class M-8 $ 7,066,000.00 Variable Pass-Through Rate Baa2 BBB BBB Class M-9 $ 5,935,000.00 Variable Pass-Through Rate Baa3 BBB- BBB- PRELIMINARY TERM SHEET Available Upon Request EXHIBIT B A legend in substantially the following form must appear on each Free Writing Prospectus: The issuer has filed a registration statement (including a base prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest in this offering, you should read the base prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting XXXXX on the SEC Web site at xxxx://xxx.xxx.xxx. Alternatively, RBS Greenwich Capital will arrange to send you the base prospectus at no charge if you request it by calling 0-000-000-0000 or emailing xxxxxxxxxxxxxxxxx@xxxxx.xxx. This free writing prospectus is being delivered to you solely to provide you with information about the offering and to solicit an offer to purchase the offered securities. Any such offer to purchase made by you will not be accepted and will not constitute a contractual commitment by you to purchase any of the securities until we have accepted your offer to purchase such securities. Any such commitment shall be subject to the conditions specified below. This free writing prospectus is not required to contain all of the information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase the offered securities, supercedes any prior version of this free writing prospectus and any information contained in any prior similar free writing prospectus relating to these securities. If a preliminary prospectus is conveyed to you prior to your commitment to purchase, that document supersedes all other information provided to you concerning the offered securities. This free writing prospectus is not an offer to sell or a solicitation of an offer to buy these securities in any state where such offer, solicitation or sale is not permitted. The securities referred to in this free writing prospectus are being offered when, as and if issued. The issuer is not obligated to issue any such securities or any similar securities, and all or a portion of the securities may not be issued that have the characteristics described herein. The Underwriter’s obligation to deliver such securities is subject to the terms and conditions of the underwriting agreement with the issuer and the availability of the securities having the characteristics described herein. If, for any reason, the issuer does not deliver such securities, the underwriter will notify you, and neither the issuer nor any underwriter will have any obligation to you to deliver all or any portion of the securities which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery. For asset-backed and mortgage-backed securities: Certain of the information contained herein may be based on numerous assumptions (including preliminary assumptions about the pool assets and structure), which may not be specifically identified as assumptions in the information. Any such information or assumptions are subject to change. The information in this free writing prospectus may reflect assumptions specifically requested by you. If so, prior to the time of your commitment to purchase, you should request updated information based on any assumptions specifically required by you. Any legends, disclaimers or other notices that may appear below or on any electronic communication to which this free writing prospectus is attached which state that (1) these materials do not constitute an offer (or a solicitation of an offer), (2) no representation is made as to the accuracy or completeness of these materials and that these materials may not be updated or (3) these materials may be confidential are not applicable to this communication and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of this communication having been sent via Bloomberg or another system. EXHIBIT C PROSPECTUS SUPPLEMENT dated June 21October 11, 2007 (To Prospectus dated March 26July 30, 2007) $749,697,000 (Approximate) SOUNDVIEW HOME LOAN TRUST 2007-OPT5 Issuing Entity GREENWICH CAPITAL FINANCIAL PRODUCTS, INC. Sponsor FINANCIAL ASSET SECURITIES CORP. Depositor OPTION ONE MORTGAGE CORPORATION Servicer ASSET-BACKED CERTIFICATES, SERIES 2007-OPT5 Consider carefully the risk factors beginning on page S-15 in this prospectus supplement and on page 2 in the prospectus. The certificates represent obligations of the Issuing Entity only and do not represent an interest in or obligation of Financial Asset Securities Corp. or Option One Mortgage Corporation, or any of their affiliates. This prospectus supplement may be used to offer and sell the certificates only if accompanied by the prospectus. Only the fourteen seven classes of certificates identified below are being offered by this prospectus supplement and the accompanying prospectus. The Offered Certificates · Represent ownership interests in a trust consisting of a pool of first lien and second lien, fixed-rate and adjustable-rate residential mortgage loans. The mortgage loans will be segregated into two groups, one consisting of mortgage loans with principal balances at origination that conform to Xxxxxxx Mac and Xxxxxx Xxx loan limits and one consisting of mortgage loans with principal balances at origination that may or may not conform to Xxxxxxx Mac and Xxxxxx Xxx loan limits. · Will Will, except in the case of the Class X Certificates, accrue interest at a rate equal to one-month LIBOR plus the related fixed margin, subject to certain limitations described in this prospectus supplement. · The Class X-1 Certificates will accrue interest on a related notional amount at a fixed pass-through rate. · The Class X-2 and Class X-3 Certificates will consist of multiple components and each such component will accrue interest on a related notional amount at a fixed pass-through rate. · Will be entitled to monthly distributions beginning in August November 2007. Credit Enhancement · Subordination as described in this prospectus supplement under “Description of the Certificates Subordination.” · Overcollateralization as described in this prospectus supplement under “Description of the Certificates—Overcollateralization Provisions.” · Excess Interest as described in this prospectus supplement under “Description of the Certificates —Overcollateralization Provisions.” In addition, the offered certificates will have the benefit of an Interest Rate Swap Agreement, certain payments made pursuant to an Interest Rate Cap Agreement and a Basis Risk Cap Agreement. Class Original Certificate Principal Balance(1) Pass-Through Rate(2) Class I-A-1 $ 258,585,000 Variable Class M-3 $ 10,740,000 542,518,000 Variable Class II-A-1 $ 80,806,000 Variable Class M-4 $ 10,175,000 69,227,000 Variable Class II-A-2 $ 46,254,000 Variable Class M-5 $ 9,327,000 113,129,000 Variable Class II-A-3 $ 43,971,000 24,823,000 Variable Class M-6 $ 8,762,000 Variable X-1 (3) (2) Class II-A-4 $ 13,828,000 Variable X-2 (3) (2) Class M-7 $ 8,196,000 Variable Class M-1 $ 21,480,000 Variable Class M-8 $ 7,066,000 Variable Class M-2 $ 18,371,000 Variable Class M-9 $ 5,935,000 VariableX-3 (3) (2) ______________________
Appears in 1 contract
Samples: Underwriting Agreement
Minimum Investment Amounts. The Underwriter shall offer the Certificates in minimum denominations of $25,000, provided that the Certificates must be purchased in minimum total investments of $100,000. If the foregoing correctly sets forth the agreement between the Depositor and the Underwriter, please indicate your acceptance in the space provided for the purpose below. Very truly yours, FINANCIAL ASSET SECURITIES CORP. By: /s/ Xxxxxxx Xxx Name: Xxxxxxx Xxx Title: Vice President CONFIRMED AND ACCEPTED, as of the date first above written: GREENWICH CAPITAL MARKETS, INC. By: /s/ Xxxxxxx Xxx Name: Xxxxxxx Xxx Title: Vice President Underwriting Agreement dated June 21October 11, 2007. As used in this Agreement, the term “Registration Statement” refers to the Registration Statement on Form S-3, File No. 000-000000-00 Closing Date: July 10October 30, 2007. Approximate Pool Balance: $565,259,216.79 1,025,576,924.10 of Mortgage Loans. Cut-Off Date: July October 1, 2007. Title and Description of Offered Certificates: Soundview Home Loan Trust 2007-OPT3OPT5, Asset-Backed Certificates, Series 2007-OPT3OPT5, Classes designated on the following page: Class Class Principal Balance Pass-Through Rate Xxxxx’x Moody’s S&P Fitch DBRS Class I-A-1 $ 258,585,000.00 542,518,000.00 Variable Pass-Through Rate Aaa AAA AAA Class II-A-1 $ 80,806,000.00 69,227,000.00 Variable Pass-Through Rate Aaa AAA AAA Class II-A-2 $ 46,254,000.00 113,129,000.00 Variable Pass-Through Rate Aaa AAA AAA Class II-A-3 $ 43,971,000.00 24,823,000.00 Variable Pass-Through Rate Aaa AAA AAA Class II-A-4 $ 13,828,000.00 Variable Pass-Through Rate Aaa AAA AAA Class M-1 $ 21,480,000.00 Variable Pass-Through Rate Aa1 AA+ AA+ Class M-2 $ 18,371,000.00 Variable Pass-Through Rate Aa2 AA AA Class M-3 $ 10,740,000.00 Variable Pass-Through Rate Aa3 AA- AA- Class M-4 $ 10,175,000.00 Variable Pass-Through Rate A1 A+ A+ Class M-5 $ 9,327,000.00 Variable Pass-Through Rate A2 A A Class M-6 $ 8,762,000.00 Variable Pass-Through Rate A3 A- A- Class M-7 $ 8,196,000.00 Variable Pass-Through Rate Baa1 BBB+ BBB+ Class M-8 $ 7,066,000.00 Variable Pass-Through Rate Baa2 BBB BBB Class M-9 $ 5,935,000.00 Variable Pass-Through Rate Baa3 BBB- BBB- A legend in substantially the following form must appear on each Free Writing Prospectus: The issuer has filed a registration statement (including a base prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest in this offering, you should read the base prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting XXXXX on the SEC Web site at xxxx://xxx.xxx.xxx. Alternatively, RBS Greenwich Capital will arrange to send you the base prospectus at no charge if you request it by calling 0-000-000-0000 or emailing xxxxxxxxxxxxxxxxx@xxxxx.xxx. PROSPECTUS SUPPLEMENT dated June 21October 11, 2007 (To Prospectus dated March 26July 30, 2007) Consider carefully the risk factors beginning on page S-15 in this prospectus supplement and on page 2 in the prospectus. The certificates represent obligations of the Issuing Entity only and do not represent an interest in or obligation of Financial Asset Securities Corp. or Option One Mortgage Corporation, or any of their affiliates. This prospectus supplement may be used to offer and sell the certificates only if accompanied by the prospectus. Only the fourteen seven classes of certificates identified below are being offered by this prospectus supplement and the accompanying prospectus. The Offered Certificates · Represent ownership interests in a trust consisting of a pool of first lien and second lien, fixed-rate and adjustable-rate residential mortgage loans. The mortgage loans will be segregated into two groups, one consisting of mortgage loans with principal balances at origination that conform to Xxxxxxx Mac and Xxxxxx Xxx loan limits and one consisting of mortgage loans with principal balances at origination that may or may not conform to Xxxxxxx Mac and Xxxxxx Xxx loan limits. · Will Will, except in the case of the Class X Certificates, accrue interest at a rate equal to one-month LIBOR plus the related fixed margin, subject to certain limitations described in this prospectus supplement. · The Class X-1 Certificates will accrue interest on a related notional amount at a fixed pass-through rate. · The Class X-2 and Class X-3 Certificates will consist of multiple components and each such component will accrue interest on a related notional amount at a fixed pass-through rate. · Will be entitled to monthly distributions beginning in August November 2007. Credit Enhancement · Subordination as described in this prospectus supplement under “Description of the Certificates Subordination.” · Overcollateralization as described in this prospectus supplement under “Description of the Certificates—Overcollateralization Provisions.” · Excess Interest as described in this prospectus supplement under “Description of the Certificates —Overcollateralization Provisions.” In addition, the offered certificates will have the benefit of an Interest Rate Swap Agreement, certain payments made pursuant to an Interest Rate Cap Agreement and a Basis Risk Cap Agreement. Class I-A-1 $ 258,585,000 Variable Class M-3 $ 10,740,000 542,518,000 Variable Class II-A-1 $ 80,806,000 Variable Class M-4 $ 10,175,000 69,227,000 Variable Class II-A-2 $ 46,254,000 Variable Class M-5 $ 9,327,000 113,129,000 Variable Class II-A-3 $ 43,971,000 24,823,000 Variable Class M-6 $ 8,762,000 Variable X-1 (3) (2) Class II-A-4 $ 13,828,000 Variable X-2 (3) (2) Class M-7 $ 8,196,000 Variable Class M-1 $ 21,480,000 Variable Class M-8 $ 7,066,000 Variable Class M-2 $ 18,371,000 Variable Class M-9 $ 5,935,000 VariableX-3 (3) (2) ______________________
Appears in 1 contract
Samples: Underwriting Agreement (Soundview Home Loan Trust 2007-Opt5)
