<PAGE>

--------------------------------------------------------------------------------


                       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) October 7, 2005


                        Financial Asset Securities Corp.
             (Exact name of registrant as specified in its charter)

 ------------------------------------------------------------------------------


          DELAWARE                   333-127352-01             06-1442101
          --------                   -------------             ----------
(State or Other Jurisdiction          (Commission           (I.R.S. Employer
     of Incorporation)               File Number)          Identification No.)

     600 Steamboat Road
   Greenwich, Connecticut                                         06830
   ----------------------                                         -----
   (Address of Principal                                       (Zip Code)
     Executive Offices)


Registrant's telephone number, including area code:  (203) 625-2700
                                                     --------------


--------------------------------------------------------------------------------

<PAGE>

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[  ] Written communications pursuant to Rule 425 under the Securities Act
     (17 CFR 230.425)

[  ] Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act
     (17 CFR 240.14a-12(b))

[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))


                                       2
<PAGE>


Item 8.01 Other Events

Description of the Certificates and the Mortgage Pool

         Financial Asset Securities Corp. (the "Registrant") plans a series of
certificates, entitled Soundview Home Loan Trust 2005-B, Asset-Backed
Certificates, Series 2005-B (the "Certificates"), to be issued pursuant to a
pooling and servicing agreement, dated as of October 1, 2005, among the
Registrant as depositor, Countrywide Home Loans Servicing LP and GMAC Mortgage
Corporation, as servicers and Deutsche Bank National Trust Company as trustee.
The Certificates to be designated as the Series 2005-B Certificates will
represent in the aggregate the entire beneficial ownership interest in a trust
fund (the "Trust Fund") consisting primarily of a pool (the "Mortgage Pool") of
conventional, one- to four-family, first lien and second lien adjustable-rate
and fixed-rate residential mortgage loans having original terms to maturity up
to 30 years (the "Mortgage Loans").

Computational Materials

         Greenwich Capital Markets, Inc. (the "Underwriter") has advised the
Registrant that it has furnished to certain prospective purchasers of
Certificates certain materials, herein referred to as "Computational Materials",
in written form, which Computational Materials are in the nature of data tables
and term sheet information relating to the Mortgage Loans or other assets of the
Trust Fund, the structure of the Certificates and terms of certain classes of
Certificates, and the hypothetical characteristics and hypothetical performance
of certain classes of Certificates under certain assumptions and scenarios.

         The Computational Materials have been provided by the Underwriter.

         The Computational Materials were prepared by the Underwriter at the
request of certain prospective investors. The Computational Materials may be
based on information that differs from the information set forth in the
Prospectus Supplement.


                                       3
<PAGE>


Item 9.01     Financial Statements and Exhibits

                       (a) Not applicable

                       (b) Not applicable

                       (c) Exhibits


Exhibit No.              Description
-----------              -----------
99.1                     Computational Materials (as defined in Item 5) that
                         have been provided by Greenwich Capital Markets,
                         Inc. to certain prospective purchasers of Soundview
                         Home Loan Trust 2005-B, Asset-Backed Pass-Through
                         Certificates, Series 2005-B.





                                       4
<PAGE>

                                   SIGNATURES

         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 thereunto duly authorized.

Dated: October 7, 2005

                                           FINANCIAL ASSET SECURITIES CORP.


                                           By:    /s/ Frank Skibo
                                                  ---------------
                                           Name:  Frank Skibo
                                           Title: Managing Director



                                       5
<PAGE>

                                Index to Exhibits


<TABLE>
<CAPTION>

                                                                                         Sequentially
Exhibit No.                                Description                                   Numbered Page
-----------                                -----------                                   -------------

<S>               <C>                                                                        <C>
   99.1           Computational Materials (as defined in Item 5) that have been                P
                  provided by Greenwich Capital Markets, Inc. to certain
                  prospective purchasers of Soundview Home Loan Trust 2005-B,
                  Asset-Backed Pass-Through Certificates, Series 2005-B.
</TABLE>



                                       6
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{"company-data": {"conformed-name": "FINANCIAL ASSET SECURITIES CORP", "cik": "0001003197", "assigned-sic": "6189", "irs-number": "061442101", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-99463", "film-number": "051129560"}, "business-address": {"street1": "600 STEAMBOAT ROAD", "city": "GREENWICH", "state": "CT", "zip": "92618", "phone": "2036252700"}, "mail-address": {"street1": "600 STEAMBOAT RD", "city": "GREENWICH", "state": "CT", "zip": "92618"}}
--------------------------------------------------------------------------------

                       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) October 7, 2005

                        Financial Asset Securities Corp.
             (Exact name of registrant as specified in its charter)

 ------------------------------------------------------------------------------

          DELAWARE                   333-127352-01             06-1442101
          --------                   -------------             ----------
(State or Other Jurisdiction          (Commission           (I.R.S. Employer
     of Incorporation)               File Number)          Identification No.)

     600 Steamboat Road
   Greenwich, Connecticut                                         06830
   ----------------------                                         -----
   (Address of Principal                                       (Zip Code)
     Executive Offices)

Registrant's telephone number, including area code:  (203) 625-2700
                                                     --------------

--------------------------------------------------------------------------------
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[  ] Written communications pursuant to Rule 425 under the Securities Act
     (17 CFR 230.425)

[  ] Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act
     (17 CFR 240.14a-12(b))

[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))

                                       2
Item 8.01 Other Events

Description of the Certificates and the Mortgage Pool

         Financial Asset Securities Corp. (the "Registrant") plans a series of
certificates, entitled Soundview Home Loan Trust 2005-B, Asset-Backed
Certificates, Series 2005-B (the "Certificates"), to be issued pursuant to a
pooling and servicing agreement, dated as of October 1, 2005, among the
Registrant as depositor, Countrywide Home Loans Servicing LP and GMAC Mortgage
Corporation, as servicers and Deutsche Bank National Trust Company as trustee.
The Certificates to be designated as the Series 2005-B Certificates will
represent in the aggregate the entire beneficial ownership interest in a trust
fund (the "Trust Fund") consisting primarily of a pool (the "Mortgage Pool") of
conventional, one- to four-family, first lien and second lien adjustable-rate
and fixed-rate residential mortgage loans having original terms to maturity up
to 30 years (the "Mortgage Loans").

Computational Materials

         Greenwich Capital Markets, Inc. (the "Underwriter") has advised the
Registrant that it has furnished to certain prospective purchasers of
Certificates certain materials, herein referred to as "Computational Materials",
in written form, which Computational Materials are in the nature of data tables
and term sheet information relating to the Mortgage Loans or other assets of the
Trust Fund, the structure of the Certificates and terms of certain classes of
Certificates, and the hypothetical characteristics and hypothetical performance
of certain classes of Certificates under certain assumptions and scenarios.

         The Computational Materials have been provided by the Underwriter.

         The Computational Materials were prepared by the Underwriter at the
request of certain prospective investors. The Computational Materials may be
based on information that differs from the information set forth in the
Prospectus Supplement.

                                       3
Item 9.01     Financial Statements and Exhibits

                       (a) Not applicable

                       (b) Not applicable

                       (c) Exhibits

Exhibit No.              Description
-----------              -----------
99.1                     Computational Materials (as defined in Item 5) that
                         have been provided by Greenwich Capital Markets,
                         Inc. to certain prospective purchasers of Soundview
                         Home Loan Trust 2005-B, Asset-Backed Pass-Through
                         Certificates, Series 2005-B.

                                       4
SIGNATURES

         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 thereunto duly authorized.

Dated: October 7, 2005

                                           FINANCIAL ASSET SECURITIES CORP.

                                           By:    /s/ Frank Skibo
                                                  ---------------
                                           Name:  Frank Skibo
                                           Title: Managing Director

                                       5
Index to Exhibits
Sequentially
Exhibit No.                                Description                                   Numbered Page
-----------                                -----------                                   -------------
99.1           Computational Materials (as defined in Item 5) that have been                P
                  provided by Greenwich Capital Markets, Inc. to certain
                  prospective purchasers of Soundview Home Loan Trust 2005-B,
                  Asset-Backed Pass-Through Certificates, Series 2005-B.
6