Document:

Exhibit 4.2
                                   -----------

                         SUBSEQUENT TRANSFER INSTRUMENT

         Pursuant to this Subsequent Transfer Instrument, dated March 18, 2005
(the "Instrument"), between Financial Asset Securities Corp. as seller (the
"Depositor"), and Deutsche Bank National Trust Company as trustee of the
Soundview Home Loan Trust 2005-1, Asset-Backed Certificates, Series 2005-1, as
purchaser (the "Trustee"), and pursuant to the Pooling and Servicing Agreement,
dated as of February 1, 2005 (the "Pooling and Servicing Agreement"), among the
Depositor, Select Portfolio Servicing, Inc. as servicer and the Trustee, the
Depositor and the Trustee agree to the sale by the Depositor and the purchase by
the Trustee in trust, on behalf of the Trust, of the Mortgage Loans listed on
the attached Schedule of Mortgage Loans (the "Subsequent Mortgage Loans").

         Capitalized terms used but not otherwise defined herein shall have the
meanings set forth in the Pooling and Servicing Agreement.

         Section 1. CONVEYANCE OF SUBSEQUENT MORTGAGE LOANS.

         (a) The Depositor does hereby sell, transfer, assign, set over and
convey to the Trustee in trust, on behalf of the Trust, without recourse, all of
its right, title and interest in and to the Subsequent Mortgage Loans, and
including all amounts due on the Subsequent Mortgage Loans after the related
Subsequent Cut-off Date, and all items with respect to the Subsequent Mortgage
Loans to be delivered pursuant to Section 2.01 of the Pooling and Servicing
Agreement; provided, however that the Depositor reserves and retains all right,
title and interest in and to amounts due on the Subsequent Mortgage Loans on or
prior to the related Subsequent Cut-off Date. The Depositor, contemporaneously
with the delivery of this Agreement, has delivered or caused to be delivered to
the Trustee each item set forth in Section 2.01 of the Pooling and Servicing
Agreement. The transfer to the Trustee by the Depositor of the Subsequent
Mortgage Loans identified on the Mortgage Loan Schedule shall be absolute and is
intended by the Depositor, the Servicer, the Trustee and the Certificateholders
to constitute and to be treated as a sale by the Depositor to the Trust Fund.

         (b) The Depositor, concurrently with the execution and delivery hereof,
does hereby transfer, assign, set over and otherwise convey to the Trustee
without recourse for the benefit of the Certificateholders all the right, title
and interest of the Depositor, in, to and under the Subsequent Assignment and
Recognition Agreement, dated the date hereof, between the Depositor as purchaser
and the Servicer as seller, to the extent of the Subsequent Mortgage Loans.

         (c) Additional terms of the sale are set forth on Attachment A hereto.

         Section 2. REPRESENTATIONS AND WARRANTIES; CONDITIONS PRECEDENT.

         (a) The Depositor hereby confirms that each of the conditions and the
representations and warranties set forth in Section 2.08 of the Pooling and
Servicing Agreement are satisfied as of the date hereof.

         (b) All terms and conditions of the Pooling and Servicing Agreement are
hereby ratified and confirmed; provided, however, that in the event of any
conflict, the provisions of this Instrument shall control over the conflicting
provisions of the Pooling and Servicing Agreement.

         Section 3. RECORDATION OF INSTRUMENT.

         To the extent permitted by applicable law, this Instrument, or a
memorandum thereof if permitted under applicable law, is subject to recordation
in all appropriate public offices for real property records in all of the
counties or other comparable jurisdictions in which any or all of the properties
subject to the Mortgages are situated, and in any other appropriate public
recording office or elsewhere, such recordation to be effected by the Servicer
at the Certificateholders' expense on direction of the related
Certificateholders, but only when accompanied by an Opinion of Counsel to the
effect that such recordation materially and beneficially affects the interests
of the Certificateholders or is necessary for the administration or servicing of
the Mortgage Loans.

                                       7
<PAGE>

         Section 4. GOVERNING LAW.

         This Instrument shall be construed in accordance with the laws of the
State of New York and the obligations, rights and remedies of the parties
hereunder shall be determined in accordance with such laws, without giving
effect to principles of conflicts of law.

         Section 5. COUNTERPARTS.

         This Instrument may be executed in one or more counterparts and by the
different parties hereto on separate counterparts, each of which, when so
executed, shall be deemed to be an original; such counterparts, together, shall
constitute one and the same instrument.

         Section 6. SUCCESSORS AND ASSIGNS.

         This Instrument shall inure to the benefit of and be binding upon the
Depositor and the Trustee and their respective successors and assigns.

                                       8
<PAGE>

                                   FINANCIAL ASSET SECURITIES CORP.

                                   By:________________________________________
                                   Name:
                                   Title:

                                   DEUTSCHE BANK NATIONAL TRUST COMPANY, as
                                   Trustee for Soundview Home Loan Trust 2005-1,
                                   Asset-Backed Certificates, Series 2005-1

                                   By:________________________________________
                                   Name:
                                   Title:

Attachments
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A. Additional terms of sale.
B. Schedule of Subsequent Mortgage Loans.

<PAGE>

                                  ATTACHMENT A

                            ADDITIONAL TERMS OF SALE

         A.       General

                           1.       Subsequent Cut-off Date: March 1, 2005
                           2.       Subsequent Transfer Date: March 18, 2005
                           3.       Aggregate Principal Balance of the
                                    Subsequent Mortgage Loans as of the
                                    Subsequent Cut-off Date: $267,127,821.93
                           4.       Purchase Price: 100.00%

B.       The obligation of the Trust Fund to purchase a Subsequent Mortgage Loan
         on any Subsequent Transfer Date is subject to the satisfaction of the
         conditions set forth in the immediately preceding paragraph and the
         accuracy of the following representations and warranties with respect
         to each such Subsequent Mortgage Loan determined as of the applicable
         Subsequent Cut-off Date: (i) such Subsequent Mortgage Loan may not be
         30 or more days delinquent as of the last day of the month preceding
         the Subsequent Cut-off Date; (ii) the original term to stated maturity
         of such Subsequent Mortgage Loan will not be less than 120 months and
         will not exceed 360 months; (iii) the Subsequent Mortgage Loan may not
         provide for negative amortization; (iv) such Subsequent Mortgage Loan
         will not have a loan-to-value ratio greater than 100.00%; (v) such
         Subsequent Mortgage Loans will have, as of the Subsequent Cut-off Date,
         a weighted average term since origination not in excess of 4 months;
         (vi) such Subsequent Mortgage Loan, if a Fixed Rate Mortgage Loan,
         shall have a Mortgage Rate that is not less than 4.000% per annum or
         greater than 13.000% per annum; (vii) such Subsequent Mortgage Loan
         must have a first payment date occurring on or before May 2005 and will
         include 30 days' interest thereon; (viii) if the Subsequent Mortgage
         Loan is an Adjustable-Rate Mortgage Loan, the Subsequent Mortgage Loan
         will have a Gross Margin not less than 3.500% per annum; (ix) if the
         Subsequent Mortgage Loan is an Adjustable-Rate Mortgage Loan, the
         Subsequent Mortgage Loan will have a Maximum Mortgage Rate not less
         than 6.500% per annum; (x) if the Subsequent Mortgage Loan is an
         Adjustable-Rate Mortgage Loan, the Subsequent Mortgage Loan will have a
         Minimum Mortgage Rate not less than 3.500% per annum and (xi) such
         Subsequent Mortgage Loan shall have been underwritten in accordance
         with the criteria set forth under "The Originators" in the Prospectus
         Supplement.

C.       Following the purchase of any Subsequent Group I Mortgage Loan by the
         Trust, the Group I Mortgage Loans (including such Subsequent Group I
         Mortgage Loans) will: (i) have a weighted average original term to
         stated maturity of not more than 358 months; (ii) have a weighted
         average Mortgage Rate of not less than 7.250% per annum and not more
         than 7.500% per annum; (iii) have a weighted average Loan-to-Value
         Ratio of not more than 100.00%; (iv) have no Mortgage Loan with a
         Stated Principal Balance at origination which does not conform to
         Fannie Mae and Freddie Mac loan limits; (v) will consist of Mortgage
         Loans with Prepayment Charges representing no less than approximately
         70% by aggregate Stated Principal Balance of the Group I Mortgage
         Loans; (vi) have a weighted average FICO score of not less than 600,
         (vii) have no more than 13% of Fixed-Rate Mortgage Loans by aggregate
         Stated Principal Balance of the Group I Mortgage Loans and (viii) the
         Adjustable-Rate Group I Mortgage Loans will have a weighted average
         Gross Margin not less than 5.75% per annum. In addition, approximately
         31% of the Group I Mortgage Loans will have been originated by
         Accredited, approximately 33% of the Group I Mortgage Loans will have
         been originated by Argent, approximately 4% of the Group I Mortgage
         Loans will have been originated by WMC and approximately 32% of the
         Group I Mortgage Loans will have been originated by the ResMAE
         Originators. For purposes of the calculations described in this
         paragraph, percentages of the Group I Mortgage Loans will be based on
         the Stated Principal Balance of the Initial Group I Mortgage Loans as
         of the Cut-off Date and the Stated Principal Balance of the Subsequent
         Group I Mortgage Loans as of the related Subsequent Cut-off Date.

D.       Following the purchase of any Subsequent Group II Mortgage Loan by the
         Trust, the Group II Mortgage Loans (including such Subsequent Group II
         Mortgage Loans) will: (i) have a weighted average original term to
         stated maturity of not more than 350 months; (ii) have a weighted
         average Mortgage Rate of not less than 7.25% per annum and not more
         than 7.50% per annum; (iii) have a weighted average Loan-to-Value Ratio
         of not more than 100.00%; (iv) have no Mortgage Loan with a principal
         balance in excess of $1,000,000; (v) will consist of Mortgage Loans
         with Prepayment Charges representing no less than 75% by aggregate
         Stated Principal Balance

                                       10
<PAGE>

         of the Group II Mortgage Loans; (vi) have a weighted average FICO score
         of not less than 615, (vii) have no more than 20% of Fixed-Rate
         Mortgage Loans by aggregate Stated Principal Balance of the Group II
         Mortgage Loans and (viii) the Adjustable-Rate Group II Mortgage Loans
         will have a weighted average Gross Margin not less than 5.50% per
         annum. In addition, approximately 19% of the Group II Mortgage Loans
         will have been originated by Accredited, approximately 13% of the Group
         II Mortgage Loans will have been originated by Argent, approximately
         21% of the Group II Mortgage Loans will have been originated by CIT,
         approximately 12% of the Group II Mortgage Loans will have been
         originated by WMC and approximately 34% of the Group II Mortgage Loans
         will have been originated by the ResMAE Originators. For purposes of
         the calculations described in this paragraph, percentages of the Group
         II Mortgage Loans will be based on the Stated Principal Balance of the
         Initial Group II Mortgage Loans as of the Cut-off Date and the Stated
         Principal Balance of the Subsequent Group II Mortgage Loans as of the
         related Subsequent Cut-off Date.

E.       Notwithstanding the foregoing, any Subsequent Mortgage Loan may be
         rejected by any Rating Agency if the inclusion of any such Subsequent
         Mortgage Loan would adversely affect the ratings of any Class of
         Certificates. At least one Business Day prior to the Subsequent
         Transfer Date, each Rating Agency shall notify the Trustee as to which
         Subsequent Mortgage Loans, if any, shall not be included in the
         transfer on the Subsequent Transfer Date; provided, however, that the
         Seller shall have delivered to each Rating Agency at least three
         Business Days prior to such Subsequent Transfer Date a computer file
         acceptable to each Rating Agency describing the characteristics
         specified in paragraphs (c) and (d) above.

                                       11
<PAGE>

                                  ATTACHMENT B
                                  ------------

                      SCHEDULE OF SUBSEQUENT MORTGAGE LOANS

                             Available Upon Request

                                       12
<PAGE>

                                  ATTACHMENT B
                                  ------------

                      SCHEDULE OF SUBSEQUENT MORTGAGE LOANS

                             Available Upon Request

                                       13
<PAGE>

                                  ATTACHMENT B
                                  ------------

                                 FILED BY PAPER

                                       14
<PAGE>

                                  ATTACHMENT C
                                  ------------

                             AVAILABLE UPON REQUEST

                                       15<PAGE>
                                                                   EXHIBIT 10.11

                                                               December 24, 2002

C.J. Gabriel, Jr.
3307 Winding Creek Drive
Austin, TX 78735

Dear Gabe:

I am pleased to confirm my verbal offer of employment for the position of
Executive Vice President, Supply Chain for Albertson's, Inc. (the "Company"). In
this assignment, you will report directly to Peter Lynch, our President and COO.
Your employment with the Company will commence on January 13, 2003 (the
"Effective Date").

Your initial base salary ("Base Salary") will be $425,000 per annum, payable in
accordance with the Company's policies relating to salaried employees. Your Base
Salary may be changed by the Management Development/Compensation Committee of
the Board of Directors of the Company (the "Management Development/Compensation
Committee") in its sole discretion.

Commencing with the fiscal year of the Company ("Fiscal Year") in which the
Effective Date occurs, you will have the opportunity to earn an incentive for
each Fiscal Year (prorated for any partial year) as recommended by the
Compensation Committee in accordance with the Company's annual incentive plan
applicable to the Company's senior officers (the "Annual Incentive Compensation
Plan"). The amount of each annual incentive shall be set by the Compensation
Committee and is currently equal to seventy percent (70%) of Base Salary for the
fiscal year if the applicable "target" performance goals (as defined in the
Annual Bonus Plan for such period) are met (the "Target Award"), except that the
award cannot exceed one hundred fifty percent (150%) of Target Award. The
criteria for determining the amount of any Target Award and the bases upon which
such Target Award shall be payable shall be no less favorable to you than those
used for other senior executives of the Company, such criteria and bases to be
determined in the sole discretion of the Compensation Committee.

As of the Effective Date, you will be granted 40,000 shares of deferred
restricted stock units of the Company ("Restricted Stock Unit Award") in
accordance with the form of grant used by the Company for grants made to its
senior executive officers. Such grants shall vest at twenty percent (20%) per
year on the first, second, third, fourth, and fifth anniversaries of the
Effective Date; provided in each case that you have been continuously employed
as a senior executive with the Company from the Effective Date through the
applicable vesting date, except as otherwise provided in this letter agreement
and in such deferred restricted stock unit agreement. Receipt of the vested
Company common stock that is subject to a restricted stock unit award is
automatically deferred until the date your employment with the company
terminates. To the extent that dividends are paid on Company common stock after
the Effective Date and prior to the date that the Company common stock that is
subject to a Restricted Stock Unit Award is issued to you, you shall be entitled
to receive a cash payment in an amount equal to the dividends you would have

<PAGE>

Mr. C. J. Gabriel, Jr.
December 16, 2002
Page 2

been entitled to receive had you been the owner of such unissued shares on the
date such dividends are paid. Such cash payment shall be made at the same time
payment of dividends are made to other shareholders of Company common stock.

As of the Effective Date, you will be granted an option ("Initial Option") to
purchase 100,000 shares of common stock of the Company at a per share exercise
price equal to the fair market value of the common stock of the Company on the
Effective Date in accordance with the form of grant used by the Company for
grants made to its senior executive officers; provided that the provisions of
such grant shall not be inconsistent with, or provide for additional obligations
upon you beyond, the terms of this letter agreement, and shall be subject to
reasonable review by your counsel. Such grant will vest and become exercisable
in annual installments at the rate of 20% of the total shares granted on each of
the first, second, third, fourth, and fifth anniversaries of the Effective Date
(each such installment, an "Initial Option Installment"); provided in each case
that you have been continuously employed as a senior executive with the Company
from the Effective Date through the applicable vesting date, except as otherwise
provided in this letter agreement and in such stock option grant agreement.

You will be eligible to receive additional grants of stock options to purchase
shares of common stock of the Company from time to time as recommended by the
Management Development/Compensation Committee in its sole discretion in
accordance with the Company's usual form of grant. Subsequent annual option
awards otherwise shall be subject to the terms and conditions as generally apply
to stock options granted to other senior executive officers who participate in
the Company's equity incentive plans.

The Company will maintain, for your benefit, officer liability insurance in a
form it maintains for its other senior executive officers. You will be
indemnified by the Company against liability as an officer of the Company and
any subsidiary or affiliate of the Company to the same extent as the Company's
other senior officers. Your rights to such indemnification and insurance will
continue so long as you may be subject to such liability, whether or not your
employment may have terminated prior thereto.

Beginning with your effective date you will be provided with four (4) weeks of
paid vacation per calendar year as well as sick leave and paid holidays in
accordance with the Company's standard policy regarding these benefits for
senior executive officers of the Company.

You will also be eligible to participate in each fringe, welfare, retirement and
incentive programs adopted from time to time by the Company for the benefit of,
and which generally apply to, its highest level of senior executive officers
from time to time, including the Company's 401(k) and profit sharing plans, in
accordance with the terms of such plans and programs. The Company will waive any
otherwise applicable waiting periods for its medical benefits and life insurance
plans.

The Company will reimburse you in accordance with the Company's relocation
policy provided under its "Full Service Move Program for Senior Executive
Officers" (the "Relocation Program"), a copy of which has been provided to you
previously, in connection with your relocation to Boise, Idaho. Pursuant to the
Relocation Program, you will be entitled to a "gross-up" payment with respect to
those reimbursement payments described in the Relocation Program in an amount
such that, after payment of all applicable taxes on such reimbursement payments

<PAGE>
Mr. C. J. Gabriel, Jr.
December 16, 2002
Page 3

and "gross-up" payment, you retain an amount equal to the amount of such
reimbursement payments.

In the event of your termination of employment by the Company within two (2)
years of the Effective Date for any reason other than Cause, you shall be
entitled to receive the following (the "Accrued Obligations"):

     (a)  Any earned, but unpaid, Base Salary;

     (b)  Any earned, but unpaid, bonus for any Fiscal Year that ended prior to
          the Fiscal Year in which the date of termination occurs;

     (c)  The cash equivalent of any accrued, but unused, vacation; and

     (d)  Any accrued employee benefits, subject to the terms of the applicable
          employee benefit plans.

In the event that your employment is terminated by the Company without Cause,
you shall receive the following severance benefits, in addition to the Accrued
Obligations:

     (a)  Severance payments and continuation of benefits as follows:

          (i)   For any such termination which occurs prior to the first
                anniversary of the Effective Date, a lump sum payment equal to
                three (3) times the sum of Base Salary and Target Bonus, and
                continued participation in the Company's welfare benefit plans,
                fringe benefits, and employee perquisites for a period
                ("Continuation Period") of three (3) years (which shall be
                concurrent with any health care continuation benefits under
                COBRA);

          (ii)  For any such termination which occurs after the first
                anniversary of the Effective Date but prior to the second
                anniversary of the Effective Date, a lump sum payment equal to
                two (2) times the sum of Base Salary and Target Bonus, and
                continued participation in the Company's welfare benefit plans,
                fringe benefits, and employee perquisites for a Continuation
                Period of two (2) years (which shall be concurrent with any
                health care continuation benefits under COBRA); and

          (iii) For any such termination which occurs after the second
                anniversary of the Effective Date but prior to the third
                anniversary of the Effective Date, a lump sum payment equal to
                one (1) times the sum of Base Salary and Target Bonus, and
                continued participation in the Company's welfare benefit plans,
                fringe benefits, and employee perquisites for a Continuation
                Period of one (1) year (which shall be concurrent with any
                health care continuation benefits under COBRA).

     (b)  For any such termination, you shall be entitled to receive a pro-rata
          portion of the amount due to you under the Annual Bonus Plan for the
          fiscal year in which the date of

<PAGE>
Mr. C. J. Gabriel, Jr.
December 16, 2002
Page 4

         termination occurs, which amount shall be payable at the time of
         payment of bonuses under such plan to senior executives of the Company.

Please understand that this offer is subject to the Company having completed to
its satisfaction any background or reference checks, as it may deem appropriate.
Further, this letter shall not be construed to create an employment contract of
any kind, express or implied, and your employment status shall be and remain
"employment at will"; provided, however, that upon termination you shall be
entitled to the benefits as set forth in this letter.

As a condition to receipt of any severance payments or continued benefits under
this letter upon your termination for any reason, you will execute a release
agreement reasonably satisfactory to the Company releasing any and all claims
arising out of your employment with the Company.

In the event of any conflict between the terms of this letter agreement and the
terms of any other agreement, award or arrangement contemplated hereby, the
terms of this letter agreement shall control.

If the terms outlined above reflect your understanding of our offer and you
accept employment based on these terms, please indicate your acceptance by
signing the two original letters provided. Please keep one letter for your
records and return the other to me.

We are extremely pleased to have you join the Albertson's team, and I look
forward to our association with you in this important role at Albertson's.

                                   Sincerely,

                                   /s/ Kathy Herbert
                                   Kathy Herbert
                                   Executive Vice President,
                                   Human Resources

Accepted and agreed to this
24th day of December, 2002

/s/  C. J. Gabriel
------------------
C. J. Gabriel, Jr.

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