Soundview Home Loan Trust 2006-Opt2 Sample Contracts

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FINANCIAL ASSET SECURITIES CORP. Soundview Home Loan Trust 2006-OPT2 Mortgage Loan Pass-Through Certificates, Series 2006-OPT2 UNDERWRITING AGREEMENT
Underwriting Agreement • April 26th, 2006 • Soundview Home Loan Trust 2006-Opt2 • Asset-backed securities • New York

Financial Asset Securities Corp., a Delaware corporation (the “Company”), proposes to sell, and Greenwich Capital Markets, Inc. (“GCM”), Morgan Keegan & Company, Inc. and Sandler O’Neill & Partners, L.P. (collectively the “Underwriters”) propose to purchase, the aggregate principal amount (or notional amount, as applicable) of the Soundview Home Loan Trust 2006-OPT2 Mortgage Loan Pass-Through Certificates, Class A-1, Class A-2, Class A-3, Class A-4, Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, and Class M-8 Certificates (the “Offered Certificates”) set forth opposite its name on Schedule I hereto. Only the Offered Certificates are being purchased by the Underwriters hereunder. The Offered Certificates, together with the Class M-9, Class M-10, Class M-11, Class C, Class P, Class R and Class R-X Certificates (collectively, the “Certificates”), will be issued by the Company pursuant to a Pooling Agreement (the “Pooling Agreement”), dated as of April 1, 2006

SOUNDVIEW HOME LOAN TRUST, SERIES 2006-OPT2 AMENDMENT NO. 1 TO POOLING AND SERVICING AGREEMENT Dated as of May 31, 2006 Soundview Home Loan Trust Asset- Backed Certificates, Series 2006-OPT2
Pooling and Servicing Agreement • June 6th, 2006 • Soundview Home Loan Trust 2006-Opt2 • Asset-backed securities • New York

AMENDMENT NO. 1 (this “Amendment”) effective as of April 1, 2006 (the “Effective Date”), among FINANCIAL ASSET SECURITIES CORP. as Depositor, OPTION ONE MORTGAGE CORPORATION as Servicer and DEUTSCHE BANK NATIONAL TRUST COMPANY as Trustee.

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