0000882377-07-000889 Sample Contracts

FINANCIAL ASSET SECURITIES CORP. Soundview Home Loan Trust 2007-1 Asset-Backed Certificates, Series 2007-1 UNDERWRITING AGREEMENT
Soundview Home Loan Trust 2007-1 • March 27th, 2007 • Asset-backed securities • New York

Financial Asset Securities Corp., a Delaware corporation (the “Company”), proposes to sell, and Greenwich Capital Markets, Inc. (the “Underwriter”) proposes to purchase, the aggregate principal amount (or notional amount, as applicable) of the Soundview Home Loan Trust 2007-1 Asset-Backed Certificates, Class I-A-1, Class II-A-1, Class II-A-2, Class II-A-3, Class II-A-4, Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8A, Class M-8B, Class M-9 and Class M-10 Certificates (the “Offered Certificates”) set forth opposite its name on Schedule I hereto. Only the Offered Certificates are being purchased by the Underwriter hereunder. The Offered Certificates, together with the Class C, Class P, Class R, Class R-X, Class X and Class FL Certificates (collectively, the “Certificates)”, will be issued by the Company pursuant to a Pooling Agreement (the “Pooling Agreement”), dated as of February 1, 2007, among the Company as depositor (the “Depositor”), Ocwen Lo

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RECONSTITUTED SERVICING AGREEMENT
Reconstituted Servicing Agreement • March 27th, 2007 • Soundview Home Loan Trust 2007-1 • Asset-backed securities • New York

This Reconstituted Servicing Agreement (this “Agreement”) dated as of February 1, 2007, is by and among GREENWICH CAPITAL FINANCIAL PRODUCTS, INC. (“GCFP”), FINANCIAL ASSET SECURITIES CORP. (“FASCO” or the “Depositor”), COUNTRYWIDE HOME LOANS SERVICING LP, as servicer (the “Servicer” or “Countrywide Servicing”) and acknowledged by WELLS FARGO BANK, N.A., as master Servicer (the “Master Servicer”) and Deutsche Bank National Trust Company, as Trustee (the “Trustee”).

RECONSTITUTION AGREEMENT
Reconstitution Agreement • March 27th, 2007 • Soundview Home Loan Trust 2007-1 • Asset-backed securities • New York

This Reconstitution Agreement (this “Agreement”) dated as of February 1, 2007, is among Greenwich Capital Financial Products, Inc. (“GCFP”), Financial Asset Securities Corp. (“FASCO” or the “Depositor”) and Central Mortgage Company, as servicer (the “Servicer” or “CMC”) and acknowledged by Wells Fargo Bank, N.A., as master servicer (the “Master Servicer”) and Deutsche Bank National Trust Company, as trustee (the “Trustee”).

RECONSTITUTION AGREEMENT
Reconstitution Agreement • March 27th, 2007 • Soundview Home Loan Trust 2007-1 • Asset-backed securities • New York

This Reconstitution Agreement (this “Agreement”) dated as of February 1, 2007, is among Greenwich Capital Financial Products, Inc. (“GCFP”), Financial Asset Securities Corp. (“FASCO” or the “Depositor”) and GMAC Mortgage, LLC, as successor by merger to GMAC Mortgage Corporation, as servicer (the “Servicer” or “GMAC”) and acknowledged by Wells Fargo Bank, N.A., as master servicer (the “Master Servicer”) and Deutsche Bank National Trust Company, as trustee (the “Trustee”).

RECONSTITUTION AGREEMENT
Reconstitution Agreement • March 27th, 2007 • Soundview Home Loan Trust 2007-1 • Asset-backed securities • New York

This Reconstitution Agreement (this “Agreement”) dated as of February 1, 2007, is among Greenwich Capital Financial Products, Inc. (“GCFP”), Financial Asset Securities Corp. (“FASCO” or the “Depositor”) and Wells Fargo Bank, N.A., as servicer (the “Servicer” or “Wells Fargo”) and acknowledged by Wells Fargo Bank, N.A., as master servicer (the “Master Servicer”) and Deutsche Bank National Trust Company, as trustee (the “Trustee”).

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