SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K /A

Current Report Pursuant To Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 25, 2002

SAXON ASSET SECURITIES COMPANY,

(as Depositor under the Pooling and Servicing Agreement, dated

as of March 1, 2002, providing for the issuance of Mortgage Loan

Asset Backed Certificates, Series 2002-1).

SAXON ASSET SECURITIES TRUST 2002-1

(Exact name of Registrant as specified in its Charter)

VIRGINIA

(State or Other Jurisdiction of Incorporation)

333-67170-10-02 52-1865887

(Commission File Number) (I.R.S. Employer Identification No.)

4880 COX ROAD

GLEN ALLEN, VIRGINIA 23060

(Address of principal executive offices) (Zip Code)

Registrant's Telephone Number, Including Area Code: (804) 967-7400

Item 5. Other Events

Attached hereto is a copy of the Monthly Remittance Statements to the

Certificateholders which was derived from the monthly information

submitted by the Master Servicer of the Trust to the Trustee.

Item 7. Financial Statement and Exhibits

Exhibits: (as noted in Item 5 above)

Monthly Remittance Statement to the Certificateholders dated as of

June 25, 2002.

SIGNATURE

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, hereunto duly authorized.

Deutsche Bank Trust Company Americas,

formerly known as Bankers Trust Company,

not in its individual capacity, but solely

as a duly authorized agent of the Registrant

pursuant to the Pooling and Agreement,

dated as of March 1, 2002.

Date: Jan 23, 2003 By: /s/ Katie Wannenmacher

Katie Wannenmacher

Vice President

EXHIBIT INDEX

DOCUMENT

Monthly Remittance Statement to the Certificateholders

dated as of June 25, 2002.


	Saxon Asset Securities Trust 2002-1
	Asset Backed Certificates


	June 25, 2002 Distribution


	Contents



			TABLE OF CONTENTS

								Page

			1.	Contents				1
			2.	Certificate Payment Report				2
			3.	Collection Account Report				4
			4.	Credit Enhancement Report				7
			5.	Collateral Report				8
			6.	Delinquency Report				11
			7.	REO Report				15
			8.	Foreclosure Report				16
			9.	Prepayment Report				17
			10.	Prepayment Detail Report				20
			11.	Realized Loss Report				22
			12.	Realized Loss Detail Report				25
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				26
			14.	Additional Certificate Report				27



				Total Number of Pages				27




			CONTACTS

				Administrator: Barbara A Rowe
				Direct Phone Number: (714)247-6284
				Address: Deutsche Bank
				1761 E. St. Andrew Place, Santa Ana, CA 92705

				Web Site: http://www-apps.gis.deutsche-bank.com/invr
				Factor Information: (800) 735-7777
				Main Phone Number: (714) 247-6000




ISSUANCE INFORMATION

	Seller:		Saxon					Cut-Off Date: March 1, 2002
	Certificate Insurer(s):							Closing Date: March 14, 2002
								First Payment Date: April 25, 2002
	Servicer(s):		Saxon Master Servicer
			Meritech Mortgage Sub-Servicer

								Distribution Date: June 25, 2002
	Underwriter(s):		Greenwich Capital Markets, Inc. Lead Underwriter					Record Date: June 24, 2002
			CS First Boston Underwriter					May 31, 2002
			J. P. Morgan Underwriter
			Wachovia Securites Underwriter


						Page 1 of 27					© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-1
	Asset Backed Certificates
	REMIC V Series 2002-1
	Certificate Payment Report for June 25, 2002 Distribution


	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)

AF-1	FLT	83,500,000.00			79,599,068.63	122,582.34	3,765,895.68	3,888,478.02	-	-	75,833,172.95
AF-2	AFC	39,200,000.00			39,200,000.00	130,176.67	-	130,176.67	-	-	39,200,000.00
AF-3	AFC	37,900,000.00			37,900,000.00	147,494.17	-	147,494.17	-	-	37,900,000.00
AF-4	AFC	30,400,000.00			30,400,000.00	140,600.00	-	140,600.00	-	-	30,400,000.00
AF-5	STEP	30,694,000.00			30,694,000.00	160,197.10	-	160,197.10	-	-	30,694,000.00
AF-6	STEP	20,000,000.00			20,000,000.00	96,716.67	-	96,716.67	-	-	20,000,000.00
AV-1	FLT	346,231,000.00			338,852,520.26	550,823.05	4,830,736.46	5,381,559.51	-	-	334,021,783.80
AV-2	FLT	177,075,000.00			173,242,956.45	284,310.70	7,276,555.68	7,560,866.38	-	-	165,966,400.77
A-IO	IO	-			-	1,366,875.00	-	1,366,875.00	-	-	-
X-IO	IO	-			-	258,916.29	-	258,916.29	-	-	-
S	IO	-			-	-	-	-	-	-	-
M-1	MEZ	54,000,000.00			54,000,000.00	104,580.00	-	104,580.00	-	-	54,000,000.00
M-2	MEZ	45,000,000.00			45,000,000.00	106,400.00	-	106,400.00	-	-	45,000,000.00
B	SUB	36,000,000.00			36,000,000.00	102,945.00	-	102,945.00	-	-	36,000,000.00
C	SUB	-			-	1.54	-	1.54	-	-	-
P	SUB	-			-	67,835.54	-	67,835.54	-	-	-
R	R	-			-	-	-	-	-	-	-


Total		900,000,000.00			884,888,545.34	3,640,454.07	15,873,187.83	19,513,641.90	-	-	869,015,357.52
Non-Delay Certificates Record Date: 6/24/02

	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)

AF-1	05/28/02	06/24/02		A-Act/360	805564KL4	83,500,000.00	953.282259	1.468052	45.100547	46.568599	908.181712
AF-2				F-30/360	805564KM2	39,200,000.00	1,000.000000	3.320833	-	3.320833	1,000.000000
AF-3				F-30/360	805564KN0	37,900,000.00	1,000.000000	3.891667	-	3.891667	1,000.000000
AF-4				F-30/360	805564KP5	30,400,000.00	1,000.000000	4.625000	-	4.625000	1,000.000000
AF-5				F-30/360	805564KQ3	30,694,000.00	1,000.000000	5.219167	-	5.219167	1,000.000000
AF-6				F-30/360	805564KR1	20,000,000.00	1,000.000000	4.835834	-	4.835834	1,000.000000
AV-1	05/28/02	06/24/02		A-Act/360	805564KS9	346,231,000.00	978.689142	1.590912	13.952351	15.543263	964.736791
AV-2	05/28/02	06/24/02		A-Act/360	805564KT7	177,075,000.00	978.359206	1.605595	41.093072	42.698667	937.266135
A-IO				F-30/360	805564KU4	262,440,000.00	1,000.000000	5.208333	-	5.208333	1,000.000000
X-IO				A-30/360	805564KZ3	900,000,000.00	986.347767	0.287685	-	0.287685	971.964094
S	05/28/02	06/24/02		A-Act/360	805564KV2	383,001,935.06	1,430.176413	-	-	-	1,407.074213
M-1	05/28/02	06/24/02		A-Act/360	805564KW0	54,000,000.00	1,000.000000	1.936667	-	1.936667	1,000.000000
M-2	05/28/02	06/24/02		A-Act/360	805564KX8	45,000,000.00	1,000.000000	2.364444	-	2.364444	1,000.000000
B	05/28/02	06/24/02		A-Act/360	805564KY6	36,000,000.00	1,000.000000	2.859583	-	2.859583	1,000.000000
C				A-30/360		-	-	-	-	-	-
P				-		-	-	-	-	-	-
R				-		-	-	-	-	-	-


							Page 2 of 27				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-1
	Asset Backed Certificates
	REMIC V Series 2002-1
	Certificate Payment Report for June 25, 2002 Distribution


	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)

AF-1	83,500,000.00		472,086.04		6,880,459.35	786,367.70	7,666,827.05	8,138,913.09	-	-	75,833,172.95
AF-2	39,200,000.00		390,530.01		-	-	-	390,530.01	-	-	39,200,000.00
AF-3	37,900,000.00		442,482.51		-	-	-	442,482.51	-	-	37,900,000.00
AF-4	30,400,000.00		421,800.00		-	-	-	421,800.00	-	-	30,400,000.00
AF-5	30,694,000.00		480,591.30		-	-	-	480,591.30	-	-	30,694,000.00
AF-6	20,000,000.00		290,150.01		-	-	-	290,150.01	-	-	20,000,000.00
AV-1	346,231,000.00		2,081,302.37		11,612,685.54	596,530.66	12,209,216.20	14,290,518.57	-	-	334,021,783.80
AV-2	177,075,000.00		1,074,874.59		10,730,896.42	377,702.81	11,108,599.23	12,183,473.82	-	-	165,966,400.77
A-IO	-		4,100,625.00		-	-	-	4,100,625.00	-	-	-
X-IO	-		782,755.18		-	-	-	782,755.18	-	-	-
S	-		-		-	-	-	-	-	-	-
M-1	54,000,000.00		388,980.00		-	-	-	388,980.00	-	-	54,000,000.00
M-2	45,000,000.00		394,962.50		-	-	-	394,962.50	-	-	45,000,000.00
B	36,000,000.00		382,920.00		-	-	-	382,920.00	-	-	36,000,000.00
C	-		3.04		-	-	-	3.04	-	-	-
P	-		146,750.72		-	-	-	146,750.72	-	-	-
R	-		-		-	-	-	-	-	-	-


Total	900,000,000.00		11,850,813.27		29,224,041.32	1,760,601.17	30,984,642.49	42,835,455.75	-	-	869,015,357.52


	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)

AF-1	1.98000%	79,599,068.63			122,582.57	-	-	-	122,582.57	122,582.34	-
AF-2	3.98500%	39,200,000.00			130,176.67	-	-	-	130,176.67	130,176.67	-
AF-3	4.67000%	37,900,000.00			147,494.17	-	-	-	147,494.17	147,494.17	-
AF-4	5.55000%	30,400,000.00			140,600.00	-	-	-	140,600.00	140,600.00	-
AF-5	6.26300%	30,694,000.00			160,197.10	-	-	-	160,197.10	160,197.10	-
AF-6	5.80300%	20,000,000.00			96,716.67	-	-	-	96,716.67	96,716.67	-
AV-1	2.09000%	338,852,520.26			550,823.60	-	-	-	550,823.60	550,823.05	-
AV-2	2.11000%	173,242,956.45			284,310.94	-	-	-	284,310.94	284,310.70	-
A-IO	6.25000%	262,440,000.00			1,366,875.00	-	-	-	1,366,875.00	1,366,875.00	-
X-IO	0.35000%	887,712,990.43			258,916.29	-	-	-	258,916.29	258,916.29	-
S		547,760,333.70			-	-	-	-	-	-	-
M-1	2.49000%	54,000,000.00			104,580.00	-	-	-	104,580.00	104,580.00	-
M-2	3.04000%	45,000,000.00			106,400.00	-	-	-	106,400.00	106,400.00	-
B	3.69000%	36,000,000.00			103,320.00	-	-	-	103,320.00	102,945.00	-
C		-			1.54	-	-	-	1.54	1.54	-
P		-			67,835.54	-	-	-	67,835.54	67,835.54	-
R		-			-	-	-	-	-	-	-


Total		2,582,801,869.47			3,640,830.09	-	-	-	3,640,830.09	3,640,454.07	-


							Page 3 of 27				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-1
	Asset Backed Certificates

	Collection Account Report for June 25, 2002 Distribution


	Collection Account Report


SUMMARY					FIX & ADJ	ADJUSTABLE	FIXED	TOTAL

	Principal Collections				5,934,427.39	3,939,619.67	3,071,259.07	12,945,306.13
	Principal Withdrawals				0.00	0.00	0.00	0.00
	Principal Other Accounts				0.00	0.00	0.00	0.00
	TOTAL NET PRINCIPAL				5,934,427.39	3,939,619.67	3,071,259.07	12,945,306.13

	Interest Collections				1,536,164.99	3,181,991.24	2,177,386.15	6,895,542.38
	Interest Withdrawals				0.00	0.00	0.00	0.00
	Interest Other Accounts				0.00	0.00	0.00	1.54
	Interest Fees				(72,096.20)	(144,670.28)	(110,441.67)	(327,208.15)
	TOTAL NET INTEREST				1,464,068.79	3,037,320.96	2,066,944.48	6,568,335.77

	TOTAL AVAILABLE FUNDS TO BONDHOLDERS				7,398,496.18	6,976,940.63	5,138,203.55	19,513,641.90


PRINCIPAL - COLLECTIONS					FIX & ADJ	ADJUSTABLE	FIXED	TOTAL

	Scheduled Principal				143,826.72	224,875.84	299,151.35	667,853.91
	Curtailments				15,305.56	21,234.98	38,968.22	75,508.76
	Prepayments in Full				5,775,295.11	3,693,508.85	2,733,139.50	12,201,943.46
	Repurchases/Substitutions Shortfalls				0.00	0.00	0.00	0.00
	Liquidations				0.00	0.00	0.00	0.00
	Insurance Principal				0.00	0.00	0.00	0.00
	Other Additional Principal				0.00	0.00	0.00	0.00
	Delinquent Principal				(29,178.13)	(48,681.05)	(37,087.00)	(114,946.18)
	Advanced Principal				29,178.13	48,681.05	37,087.00	114,946.18
	Realized Losses				0.00	0.00	0.00	0.00


	TOTAL PRINCIPAL COLLECTED				5,934,427.39	3,939,619.67	3,071,259.07	12,945,306.13


				Page 4 of 27				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-1
	Asset Backed Certificates

	Collection Account Report for June 25, 2002 Distribution


	Collection Account Report


PRINCIPAL - WITHDRAWALS					FIX & ADJ	ADJUSTABLE	FIXED	TOTAL
SPACE INTENTIONALLY LEFT BLANK


PRINCIPAL - OTHER ACCOUNTS					FIX & ADJ	ADJUSTABLE	FIXED	TOTAL

	Prefunded Release Amount				0.00	0.00	0.00	0.00

	TOTAL OTHER ACCOUNTS PRINCIPAL				0.00	0.00	0.00	0.00


INTEREST - COLLECTIONS					FIX & ADJ	ADJUSTABLE	FIXED	TOTAL

	Scheduled Interest				1,518,497.51	3,137,775.22	2,146,611.81	6,802,884.54
	Repurchases/Substitutions				0.00	0.00	0.00	0.00
	Liquidations				0.00	0.00	0.00	0.00
	Insurance Interest				0.00	0.00	0.00	0.00
	Other Additional Interest				0.00	0.00	0.00	0.00
	Month End Interest (PPIS)				(1,854.37)	(3,578.56)	(2,124.54)	(7,557.47)
	Delinquent Interest				(393,653.57)	(767,450.16)	(353,886.78)	(1,514,990.51)
	Realized Losses				0.00	0.00	0.00	0.00
	Compensating Month End Interest				1,854.37	3,578.56	2,124.54	7,557.47
	Other Interest Shortfall (Relief Act)				0.00	0.00	0.00	0.00
	Interest Advanced				373,024.46	728,486.94	336,548.10	1,438,059.50
	Prepayment Penalties				38,296.59	83,179.24	48,113.02	169,588.85

	TOTAL INTEREST COLLECTED				1,536,164.99	3,181,991.24	2,177,386.15	6,895,542.38


				Page 5 of 27				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-1
	Asset Backed Certificates

	Collection Account Report for June 25, 2002 Distribution


	Collection Account Report


INTEREST - WITHDRAWALS					FIX & ADJ	ADJUSTABLE	FIXED	TOTAL
SPACE INTENTIONALLY LEFT BLANK


INTEREST - OTHER ACCOUNTS					FIX & ADJ	ADJUSTABLE	FIXED	TOTAL



	TOTAL OTHER ACCOUNT INTEREST				0.00	0.00	0.00	1.54


INTEREST - FEES					FIX & ADJ	ADJUSTABLE	FIXED	TOTAL

	Current Servicing Fees				63,545.04	127,950.88	98,724.19	290,220.11
	Master Servicing Fee				8,551.16	16,719.40	11,717.48	36,988.04


	TOTAL INTEREST OTHER FEES				72,096.20	144,670.28	110,441.67	327,208.15


				Page 6 of 27				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-1
	Asset Backed Certificates

	Credit Enhancement Report for June 25, 2002 Distribution


	Credit Enhancement Report


ACCOUNTS					FIX & ADJ	ADJUSTABLE	FIXED	TOTAL

	Basis Risk Reserve Fund Beginning Balance							1,000.00
	Basis Risk Payment							0.00
	Cap Carryover Amount							0.00
	Excess of Required Reserve Fund Deposit							0.00
	Basis Risk Reserve Fund Ending Balance							1,000.00

	Required Reserve Fund Deposit							0.00
	Int Earnings on Basis Risk Reserve Fund (pay to Class C)							1.54


INSURANCE					FIX & ADJ	ADJUSTABLE	FIXED	TOTAL
SPACE INTENTIONALLY LEFT BLANK


STRUCTURAL FEATURES					FIX & ADJ	ADJUSTABLE	FIXED	TOTAL

	Extra Principal Distribution Amt				1,342,036.23	890,922.07	694,547.37	2,927,505.68
	Overcollateralization Amount							5,752,326.78
	Overcollateralization Requirement							18,000,000.00
	Overcollateralization Release Amount				0.00	0.00	0.00	0.00


				Page 7 of 27				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-1
	Asset Backed Certificates

	Collateral Report for June 25, 2002 Distribution


	Collateral Report


COLLATERAL					FIX & ADJ	ADJUSTABLE	FIXED	TOTAL
	Loan Count:
	*Original*				368	2317	2112	4797
	Prior				765	3,317	3,081	7,163
	Prefunding				-	-	-	-
	Scheduled Paid Offs				-	-	-	-
	Full Voluntary Prepayments				(19)	(29)	(31)	(79)
	Repurchases				-	-	-	-
	Liquidations				-	-	-	-
	Current				746	3,288	3,050	7,084

	*Principal Balance:*
	Original				138,620,373.19	281,192,567.92	191,675,619.74	611,488,560.85
	Prior				205,227,927.65	401,265,553.55	281,219,509.23	887,712,990.43
	Prefunding				-	-	-	-
	Scheduled Principal				(143,826.72)	(224,875.84)	(299,151.35)	(667,853.91)
	Partial and Full Voluntary Prepayments				(5,790,600.67)	(3,714,743.83)	(2,772,107.72)	(12,277,452.22)
	Repurchases				-	-	-	-
	Liquidations				-	-	-	-
	Current				199,293,500.26	397,325,933.88	278,148,250.16	874,767,684.30

PREFUNDING					FIX & ADJ	ADJUSTABLE	FIXED	TOTAL

	Prefunding Beginning Balance				0.00	0.00	0.00	0.00
	Balance of Subsequent Loans Transfered				0.00	0.00	0.00	0.00
	Prefunded Amount Dispursed To Offered Certificates				0.00	0.00	0.00	0.00
	Prefunding Ending Balance				0.00	0.00	0.00	0.00


	Fixed		Fix & Adj
	Adjustable
Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)


				Page 8 of 27				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-1
	Asset Backed Certificates

	Collateral Report for June 25, 2002 Distribution


	Collateral Report


CHARACTERISTICS					FIX & ADJ	ADJUSTABLE	FIXED	TOTAL

	Weighted Average Coupon Original				8.768021%	9.414953%	9.148275%	9.184706%
	Weighted Average Coupon Prior				8.777952%	9.380382%	9.148712%	9.167627%
	Weighted Average Coupon Current				8.878894%	9.383637%	9.159870%	9.196059%
	Weighted Average Months to Maturity Original				345	357	287	332
	Weighted Average Months to Maturity Prior				339	355	283	328
	Weighted Average Months to Maturity Current				339	354	282	328
	Weighted Avg Remaining Amortization Term Original				354	357	322	345
	Weighted Avg Remaining Amortization Term Prior				347	354	315	340
	Weighted Avg Remaining Amortization Term Current				347	353	314	339
	Weighted Average Seasoning Original				2.96	3.05	2.92	2.99
	Weighted Average Seasoning Prior				6.96	5.84	9.53	7.27
	Weighted Average Seasoning Current				7.73	6.78	10.35	8.13

Note: Original information refers to deal issue.


	Fixed		Fix & Adj
	Adjustable
WAC by Groups					Total WAC


WARAT by Groups					Total WARAT


Note: Dates correspond to distribution dates.
				Page 9 of 27				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-1
	Asset Backed Certificates

	Collateral Report for June 25, 2002 Distribution


	Collateral Report


ARM CHARACTERISTICS					FIX & ADJ	ADJUSTABLE	FIXED	TOTAL

	Weighted Average Margin Original				4.000%	5.684%
	Weighted Average Margin Prior				4.000%	5.681%
	Weighted Average Margin Current				4.000%	5.682%
	Weighted Average Max Rate Original				14.000%	16.058%	9.149%
	Weighted Average Max Rate Prior				14.000%	16.008%	9.161%
	Weighted Average Max Rate Current				14.000%	16.005%	9.160%
	Weighted Average Min Rate Original				8.000%	8.737%	9.149%
	Weighted Average Min Rate Prior				8.000%	8.721%	9.161%
	Weighted Average Min Rate Current				8.000%	8.720%	9.160%
	Weighted Average Cap Up Original				1.000%	1.033%
	Weighted Average Cap Up Prior				1.000%	1.046%
	Weighted Average Cap Up Current				1.000%	1.046%
	Weighted Average Cap Down Original				1.000%	1.033%
	Weighted Average Cap Down Prior				1.000%	1.046%
	Weighted Average Cap Down Current				1.000%	1.046%

Note: Original information refers to deal issue.

SERVICING FEES / ADVANCES					FIX & ADJ	ADJUSTABLE	FIXED	TOTAL

	Current Servicing Fees				63,545.04	127,950.88	98,724.19	290,220.11
	Delinquent Servicing Fees				20,629.11	38,963.22	17,338.68	76,931.01
	Master Servicing Fees				8,551.16	16,719.40	11,717.48	36,988.04

	TOTAL SERVICING FEES				92,725.31	183,633.50	127,780.35	404,139.16

	Total Servicing Fees				92,725.31	183,633.50	127,780.35	404,139.16
	Compensating Month End Interest				1,854.37	3,578.56	2,124.54	7,557.47
	Delinquent Servicing Fees				(20,629.11)	(38,963.22)	(17,338.68)	(76,931.01)

	COLLECTED SERVICING FEES				73,950.57	148,248.84	112,566.21	334,765.62

	Prepayment Interest Shortfall				1,854.37	3,578.56	2,124.54	7,557.47

	Total Advanced Interest				373,024.46	728,486.94	336,548.10	1,438,059.50


ADDITIONAL COLLATERAL INFORMATION					FIX & ADJ	ADJUSTABLE	FIXED	TOTAL

	Weighted Average Net Rate				8.336715%	8.834474%	8.614615%	8.649749%
	Largest Loan Balance				997,978.32	359,390.05	348,363.17	359,390.05

	Next One-Month LIBOR							1.840000%
	Current One-Month LIBOR							1.840000%


				Page 10 of 27				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-1
	Asset Backed Certificates

	Delinquency Report for June 25, 2002 Distribution


	Delinquency Report - Total


				CURRENT	1 PAYMENT	2 PAYMTS	3+ PAYMTS	TOTAL
DELINQUENT		Balance			32,824,348.80	8,131,404.49	778,778.96	41,734,532.25
		% Balance			3.75%	0.93%	0.09%	4.77%
		# Loans			227	50	7	284
		% # Loans			3.20%	0.71%	0.10%	4.01%
FORECLOSURE		Balance		103,212.00	-	3,477,729.28	1,494,273.86	5,075,215.14
		% Balance		0.01%	0.00%	0.40%	0.17%	0.58%
		# Loans		1	-	20	5	26
		% # Loans		0.01%	0.00%	0.28%	0.07%	0.37%
BANKRUPTCY		Balance		1,315,042.54	115,527.33	188,243.73	-	1,618,813.60
		% Balance		0.15%	0.01%	0.02%	0.00%	0.19%
		# Loans		13	1	2	-	16
		% # Loans		0.18%	0.01%	0.03%	0.00%	0.23%
REO		Balance		-	-	250,400.54	-	250,400.54
		% Balance		0.00%	0.00%	0.03%	0.00%	0.03%
		# Loans		-	-	2	-	2
		% # Loans		0.00%	0.00%	0.03%	0.00%	0.03%

TOTAL		Balance		1,418,254.54	32,939,876.13	12,047,778.04	2,273,052.82	48,678,961.53
		% Balance		0.16%	3.77%	1.38%	0.26%	5.56%
		# Loans		14	228	74	12	328
		% # Loans		0.20%	3.22%	1.04%	0.17%	4.63%
Note: Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent


Total Foreclosure					Total Bankruptcy and REO


Note: Dates correspond to distribution dates.
				Page 11 of 27				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-1
	Asset Backed Certificates

	Delinquency Report for June 25, 2002 Distribution


	Delinquency Report - Fixed Group


				CURRENT	1 PAYMENT	2 PAYMTS	3+ PAYMTS	TOTAL
DELINQUENT		Balance			5,262,078.00	970,623.43	29,959.70	6,262,661.13
		% Balance			1.89%	0.35%	0.01%	2.25%
		# Loans			61	13	1	75
		% # Loans			2.00%	0.43%	0.03%	2.46%
FORECLOSURE		Balance		-	-	179,698.99	-	179,698.99
		% Balance		0.00%	0.00%	0.06%	0.00%	0.06%
		# Loans		-	-	3	-	3
		% # Loans		0.00%	0.00%	0.10%	0.00%	0.10%
BANKRUPTCY		Balance		608,986.05	115,527.33	97,469.92	-	821,983.30
		% Balance		0.22%	0.04%	0.04%	0.00%	0.30%
		# Loans		6	1	1	-	8
		% # Loans		0.20%	0.03%	0.03%	0.00%	0.26%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%

TOTAL		Balance		608,986.05	5,377,605.33	1,247,792.34	29,959.70	7,264,343.42
		% Balance		0.22%	1.93%	0.45%	0.01%	2.61%
		# Loans		6	62	17	1	86
		% # Loans		0.20%	2.03%	0.56%	0.03%	2.82%
Note: Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent


Total Foreclosure					Total Bankruptcy and REO


Note: Dates correspond to distribution dates.
				Page 12 of 27				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-1
	Asset Backed Certificates

	Delinquency Report for June 25, 2002 Distribution


	Delinquency Report - Adjustable Group


				CURRENT	1 PAYMENT	2 PAYMTS	3+ PAYMTS	TOTAL
DELINQUENT		Balance			16,642,686.27	3,027,364.96	748,819.26	20,418,870.49
		% Balance			4.19%	0.76%	0.19%	5.14%
		# Loans			132	28	6	166
		% # Loans			4.01%	0.85%	0.18%	5.05%
FORECLOSURE		Balance		103,212.00	-	1,535,884.91	597,279.31	2,236,376.22
		% Balance		0.03%	0.00%	0.39%	0.15%	0.56%
		# Loans		1	-	13	4	18
		% # Loans		0.03%	0.00%	0.40%	0.12%	0.55%
BANKRUPTCY		Balance		660,619.55	-	90,773.81	-	751,393.36
		% Balance		0.17%	0.00%	0.02%	0.00%	0.19%
		# Loans		6	-	1	-	7
		% # Loans		0.18%	0.00%	0.03%	0.00%	0.21%
REO		Balance		-	-	250,400.54	-	250,400.54
		% Balance		0.00%	0.00%	0.06%	0.00%	0.06%
		# Loans		-	-	2	-	2
		% # Loans		0.00%	0.00%	0.06%	0.00%	0.06%

TOTAL		Balance		763,831.55	16,642,686.27	4,904,424.22	1,346,098.57	23,657,040.61
		% Balance		0.19%	4.19%	1.23%	0.34%	5.95%
		# Loans		7	132	44	10	193
		% # Loans		0.21%	4.01%	1.34%	0.30%	5.87%
Note: Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent


Total Foreclosure					Total Bankruptcy and REO


Note: Dates correspond to distribution dates.
				Page 13 of 27				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-1
	Asset Backed Certificates

	Delinquency Report for June 25, 2002 Distribution


	Delinquency Report - Fix & Adj Group


				CURRENT	1 PAYMENT	2 PAYMTS	3+ PAYMTS	TOTAL
DELINQUENT		Balance			10,919,584.53	4,133,416.10	-	15,053,000.63
		% Balance			5.48%	2.07%	0.00%	7.55%
		# Loans			34	9	-	43
		% # Loans			4.56%	1.21%	0.00%	5.76%
FORECLOSURE		Balance		-	-	1,762,145.38	896,994.55	2,659,139.93
		% Balance		0.00%	0.00%	0.88%	0.45%	1.33%
		# Loans		-	-	4	1	5
		% # Loans		0.00%	0.00%	0.54%	0.13%	0.67%
BANKRUPTCY		Balance		45,436.94	-	-	-	45,436.94
		% Balance		0.02%	0.00%	0.00%	0.00%	0.02%
		# Loans		1	-	-	-	1
		% # Loans		0.13%	0.00%	0.00%	0.00%	0.13%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%

TOTAL		Balance		45,436.94	10,919,584.53	5,895,561.48	896,994.55	17,757,577.50
		% Balance		0.02%	5.48%	2.96%	0.45%	8.91%
		# Loans		1	34	13	1	49
		% # Loans		0.13%	4.56%	1.74%	0.13%	6.57%
Note: Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent


Total Foreclosure					Total Bankruptcy and REO


Note: Dates correspond to distribution dates.
				Page 14 of 27				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-1
	Asset Backed Certificates

	REO Report for June 25, 2002 Distribution


	REO Report - Mortgage Loans that Become REO During Current Distribution


SUMMARY				LOAN GROUP

Total Loan Count = 2				Loan Group 1 = Fixed Group; REO Book Value = Not Available
Total Original Principal Balance = 250,900.00				Loan Group 2 = Adjustable Group; REO Book Value = Not Available
Total Current Balance = 250,400.54				Loan Group 3 = Fix & Adj Group; REO Book Value = Not Available
REO Book Value = Not Available

REO Book Value reported corresponds to total REO loans, including loans that become REO during current distribution.

Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date

11424556 2		34,000.00	33,927.53	Mar-01-02	11.125%	MO - 85.00%	360	Nov-08-01
11433860 2		216,900.00	216,473.01	Mar-01-02	10.625%	GA - 90.00%	360	Dec-11-01


				Page 15 of 27				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-1
	Asset Backed Certificates

	Foreclosure Report for June 25, 2002 Distribution


	Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution


SUMMARY				LOAN GROUP

Total Loan Count = 21				Loan Group 1 = Fixed Group
Total Original Principal Balance = 4,463,300.00				Loan Group 2 = Adjustable Group
Total Current Balance = 4,450,758.25				Loan Group 3 = Fix & Adj Group


Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date

11437210 1		99,000.00	98,656.55	Mar-01-02	7.900%	OH - 90.00%	180	Dec-31-01
11445633 1		25,000.00	24,759.57	Feb-21-02	10.175%	AR - 29.76%	180	Jan-15-02
11422354 2		72,250.00	72,111.93	Mar-01-02	11.625%	LA - 85.00%	360	Nov-15-01
11423035 2		169,200.00	168,663.43	Feb-01-02	9.250%	NV - 90.00%	360	Nov-26-01
11423858 2		85,400.00	85,129.47	Mar-01-02	10.000%	OH - 94.99%	360	Nov-07-01
11423890 2		40,300.00	40,247.76	Mar-01-02	13.374%	OH - 65.00%	360	Nov-26-01
11431658 2		114,750.00	114,552.64	Feb-01-02	11.250%	AZ - 85.00%	360	Dec-20-01
11433632 2		252,000.00	251,194.09	Feb-01-02	10.875%	GA - 90.00%	360	Dec-12-01
11435432 2		152,800.00	152,428.10	Mar-01-02	9.625%	NJ - 80.00%	360	Dec-20-01
11435838 2		63,000.00	62,869.15	Feb-01-02	10.375%	OH - 90.00%	360	Dec-21-01
11437449 2		189,000.00	188,489.08	Mar-01-02	9.000%	CA - 90.00%	360	Jan-02-02
11441284 2		74,700.00	74,475.13	Mar-01-02	9.500%	TX - 90.00%	360	Nov-29-01
11445573 2		124,000.00	123,789.30	Mar-01-02	10.250%	MN - 80.00%	360	Jan-15-02
11446476 2		47,900.00	47,826.88	Mar-01-02	10.750%	NJ - 90.00%	360	Jan-29-02
11448647 2		66,000.00	65,872.14	Mar-01-02	10.700%	IL - 47.14%	360	Dec-14-01
11450767 2		221,000.00	220,553.10	Mar-01-02	10.500%	IL - 64.81%	360	Dec-18-01
11415238 3		900,000.00	896,994.55	Jan-01-02	9.000%	CA - 64.29%	360	Nov-21-01
11425037 3		600,000.00	597,782.00	Mar-01-02	8.125%	GA - 63.16%	360	Dec-28-01
11429071 3		435,000.00	433,968.66	Mar-01-02	9.750%	GA - 87.88%	360	Dec-28-01
11443534 3		332,000.00	331,212.24	Mar-01-02	10.625%	AZ - 80.00%	360	Nov-21-01
11444289 3		400,000.00	399,182.48	Mar-01-02	9.375%	GA - 61.54%	360	Jan-30-02


				Page 16 of 27				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-1
	Asset Backed Certificates

	Prepayment Report for June 25, 2002 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENTS					FIX & ADJ	ADJUSTABLE	FIXED	TOTAL

	*Current*
	Number of Paid in Full Loans				19	29	31	79
	Number of Repurchased Loans				-	-	-	-
	Total Number of Loans Prepaid in Full				19	29	31	79

	Paid in Full Balance				5,775,295.11	3,693,508.85	2,733,139.50	12,201,943.46
	Repurchased Loans Balance				-	-	-	-
	Curtailments Amount				15,305.56	21,234.98	38,968.22	75,508.76
	Total Prepayment Amount				5,790,600.67	3,714,743.83	2,772,107.72	12,277,452.22

	*Cumulative*
	Number of Paid in Full Loans				28	72	62	162
	Number of Repurchased Loans				1	1	1	3
	Total Number of Loans Prepaid in Full				29	73	63	165

	Paid in Full Balance				8,610,599.28	9,324,901.60	5,283,889.39	23,219,390.27
	Repurchased Loans Balance				622,759.02	173,250.00	89,759.47	885,768.49
	Curtailments Amount				(580,715.93)	(90,105.75)	36,466.89	(634,354.79)
	Total Prepayment Amount				8,652,642.37	9,408,045.85	5,410,115.75	23,470,803.97

SPACE INTENTIONALLY LEFT BLANK


Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)


				Page 17 of 27				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-1
	Asset Backed Certificates

	Prepayment Report for June 25, 2002 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENT RATES					FIX & ADJ	ADJUSTABLE	FIXED	TOTAL

	SMM				2.82%	0.93%	0.99%	1.38%
	3 Months Avg SMM				1.47%	0.85%	0.68%	0.94%
	12 Months Avg SMM
	Avg SMM Since Cut-off				1.47%	0.85%	0.68%	0.94%

	CPR				29.09%	10.57%	11.22%	15.40%
	3 Months Avg CPR				16.31%	9.78%	7.81%	10.72%
	12 Months Avg CPR
	Avg CPR Since Cut-off				16.31%	9.78%	7.81%	10.72%

	PSA				1881.35%	778.99%	542.11%	946.97%
	3 Months Avg PSA Approximation				1385.89%	936.09%	513.80%	874.42%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation				1385.89%	936.09%	513.80%	874.42%



	Fixed		Fix & Adj
	Adjustable


CPR by Groups					Total CPR


PSA by Groups					Total PSA


				Page 18 of 27				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-1
	Asset Backed Certificates

	Prepayment Report for June 25, 2002 Distribution


	Prepayment Report - Voluntary Prepayments

	Fixed		Fix & Adj
	Adjustable

CPR Avg since Cut-Off by Groups					Total CPR Avg since Cut-Off


PSA Avg since Cut-Off by Groups					Total PSA Avg since Cut-Off


PREPAYMENT CALCULATION METHODOLOGY
Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases)/(Beg Principal Balance - Sched Principal)
Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)
PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS))
Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn) * (1-SMMn+1) .......(1-SMMm)]^(1/months in period n,m)
Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12)
Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.02*Avg WASn,m))
Average WASn,m: (min(30,WASn)+min(30,WASn+1)+.......+min(30,WASm)/(number of months in the period n,m)
Weighted Average Seasoning (WAS)

Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments and repurchases.
Dates correspond to distribution dates.

				Page 19 of 27				© COPYRIGHT 2002 Deutsche Bank


	Saxon Asset Securities Trust 2002-1
	Asset Backed Certificates

	Prepayment Detail Report for June 25, 2002 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution


SUMMARY						LOAN GROUP

Total Loan Count = 79						Loan Group 1 = Fixed Group
Total Original Principal Balance = 12,467,525.75						Loan Group 2 = Adjustable Group
Total Prepayment Amount = 12,201,943.46						Loan Group 3 = Fix & Adj Group


Loan Number			Original			Current	State &	Type Prepayment
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	&	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Original Term	Date

10005011 1			18,750.00	16,580.46	May-30-02	12.500%	MD - 15.00%	Paid Off - 180	Jun-03-96
10006081 1			46,000.00	43,934.18	Jun-10-02	9.625%	VA - 80.00%	Paid Off - 360	Sep-03-96
10006116 1			76,000.00	72,413.40	May-28-02	9.625%	FL - 79.16%	Paid Off - 360	Sep-03-96
10007212 1			82,500.00	79,616.99	May-29-02	11.375%	OR - 54.09%	Paid Off - 360	Nov-22-96
10007397 1			46,200.00	35,905.24	May-30-02	8.500%	FL - 70.00%	Paid Off - 180	Dec-06-96
10007450 1			27,000.00	25,920.97	May-31-02	12.375%	CA - 25.00%	Paid Off - 180	Nov-22-96
10007723 1			126,000.00	122,321.57	May-30-02	11.500%	MD - 90.00%	Paid Off - 180	Nov-25-96
10008202 1			111,000.00	104,924.24	Jun-14-02	9.000%	FL - 79.28%	Paid Off - 360	Jan-24-97
10008242 1			28,000.00	23,096.65	May-23-02	11.625%	FL - 21.87%	Paid Off - 180	Feb-11-97
10008400 1			71,745.00	58,219.57	Jun-05-02	11.250%	CA - 32.91%	Paid Off - 180	Feb-22-97
10008447 1			150,000.00	144,623.50	May-22-02	10.000%	NV - 75.00%	Paid Off - 360	Feb-26-97
10200816 1			207,000.00	195,325.55	May-23-02	9.500%	CA - 90.00%	Paid Off - 360	May-08-96
10201234 1			139,500.00	133,696.05	Jun-03-02	9.500%	FL - 90.00%	Paid Off - 360	Nov-29-96
11410371 1			116,543.00	116,424.74	Jun-14-02	13.625%	CA - 20.00%	Paid Off - 180	Nov-07-01
11412927 1			14,500.00	14,478.61	Jun-03-02	13.500%	WI - 8.29%	Paid Off - 180	Oct-11-01
11418318 1			46,500.00	46,438.50	Jun-17-02	11.500%	MI - 55.35%	Paid Off - 180	Dec-19-01
11422237 1			25,000.00	24,756.42	May-30-02	12.500%	FL - 33.33%	Paid Off - 180	Nov-09-01
11423041 1			225,000.00	224,343.22	May-31-02	8.750%	CA - 90.00%	Paid Off - 360	Nov-23-01
11427112 1			165,000.00	164,626.91	May-20-02	9.975%	IL - 68.18%	Paid Off - 180	Nov-15-01
11427947 1			101,650.00	100,970.49	May-29-02	10.500%	MO - 95.00%	Paid Off - 180	Nov-21-01
11430063 1			20,500.00	20,253.75	Jun-05-02	12.290%	RI - 19.34%	Paid Off - 180	Oct-25-01
11432612 1			195,000.00	194,070.05	May-22-02	8.000%	CT - 75.00%	Paid Off - 360	Dec-18-01
11433680 1			48,000.00	47,336.82	Jun-11-02	10.500%	TN - 80.00%	Paid Off - 180	Dec-06-01
11439295 1			187,000.00	186,775.41	Jun-11-02	11.850%	NY - 85.00%	Paid Off - 360	Dec-26-01
11442042 1			86,450.00	86,400.32	Jun-13-02	13.830%	GA - 65.00%	Paid Off - 360	Dec-27-01
11442363 1			30,500.00	29,915.08	May-24-02	7.750%	TX - 67.78%	Paid Off - 360	Jan-18-02
11442677 1			74,400.00	73,376.74	Jun-03-02	8.050%	MI - 55.11%	Paid Off - 180	Jan-31-02
11442824 1			27,500.00	27,475.48	Jun-07-02	11.875%	CA - 6.11%	Paid Off - 180	Jan-09-02
11449002 1			185,200.00	184,896.18	Jun-13-02	8.275%	AZ - 72.20%	Paid Off - 240	Mar-05-02
11452120 1			84,800.00	84,685.82	Jun-07-02	8.000%	FL - 80.00%	Paid Off - 360	Feb-12-02
11452215 1			50,000.00	49,336.59	May-21-02	9.250%	CA - 15.87%	Paid Off - 180	Jan-29-02
10005228 2			175,000.00	169,582.49	May-22-02	11.500%	CO - 70.00%	Paid Off - 360	Jul-01-96
10005591 2			80,500.00	78,005.28	May-22-02	10.875%	WA - 70.00%	Paid Off - 360	Jul-10-96
10008336 2			117,000.00	113,431.15	May-24-02	9.875%	OH - 79.05%	Paid Off - 360	Feb-20-97
11398202 2			45,500.00	45,286.37	May-31-02	11.200%	IL - 70.00%	Paid Off - 360	Mar-07-01
11410334 2			112,500.00	112,225.83	May-31-02	10.500%	MN - 75.00%	Paid Off - 360	Oct-03-01
11412125 2			48,500.00	48,303.78	Jun-07-02	7.125%	MI - 29.04%	Paid Off - 360	Nov-16-01
11414040 2			156,650.00	156,512.37	Jun-05-02	13.250%	NC - 65.00%	Paid Off - 360	Dec-12-01
11419712 2			200,800.00	200,030.81	Jun-17-02	10.990%	CA - 80.00%	Paid Off - 360	Jul-27-01
11420941 2			127,000.00	126,729.13	Jun-13-02	10.250%	MN - 65.13%	Paid Off - 360	Nov-19-01
11421078 2			145,500.00	144,903.54	May-23-02	7.250%	CA - 75.00%	Paid Off - 360	Nov-26-01
11422736 2			92,000.00	91,808.95	Jun-17-02	10.375%	CA - 80.00%	Paid Off - 360	Nov-02-01
11426169 2			144,000.00	143,731.37	May-28-02	10.875%	MN - 80.00%	Paid Off - 360	Nov-09-01
11426962 2			88,000.00	87,693.68	May-22-02	9.625%	WA - 80.00%	Paid Off - 360	Nov-14-01

					Page 20 of 27				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-1
	Asset Backed Certificates

	Prepayment Detail Report for June 25, 2002 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution



Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date

11427548 2			70,542.75	70,407.59	May-20-02	10.750%	NC - 75.00%	Paid Off - 360	Nov-28-01
11429372 2			107,000.00	106,860.56	Jun-07-02	10.125%	NM - 54.87%	Paid Off - 360	Jan-04-02
11432600 2			136,000.00	135,668.52	May-30-02	10.500%	MN - 85.00%	Paid Off - 360	Oct-12-01
11433114 2			161,250.00	160,933.28	Jun-11-02	11.500%	MN - 75.00%	Paid Off - 360	Oct-15-01
11433496 2			147,700.00	147,455.65	May-23-02	10.375%	MI - 70.00%	Paid Off - 360	Dec-24-01
11435727 2			52,700.00	52,617.80	May-20-02	10.650%	OH - 85.00%	Paid Off - 360	Dec-18-01
11440152 2			102,750.00	102,640.22	Jun-06-02	9.125%	CA - 75.00%	Paid Off - 360	Feb-11-02
11440429 2			210,000.00	209,747.45	Jun-03-02	10.500%	NH - 75.00%	Paid Off - 360	Jan-23-02
11441066 2			139,500.00	139,238.06	Jun-05-02	8.375%	MA - 90.00%	Paid Off - 360	Jan-14-02
11441301 2			55,000.00	54,879.32	May-22-02	10.990%	CA - 29.41%	Paid Off - 360	Nov-01-01
11442993 2			154,320.00	154,078.14	May-20-02	9.250%	FL - 80.00%	Paid Off - 360	Jan-07-02
11450765 2			95,000.00	94,846.16	Jun-06-02	11.000%	CO - 57.58%	Paid Off - 360	Dec-14-01
11451036 2			260,000.00	259,855.75	Jun-17-02	8.925%	PA - 80.00%	Paid Off - 360	Mar-14-02
11462054 2			223,550.00	223,465.84	Jun-17-02	10.750%	GA - 85.00%	Paid Off - 360	Mar-13-02
11466563 2			201,600.00	201,382.29	May-20-02	10.999%	CA - 70.00%	Paid Off - 360	Jan-08-02
25000032 2			63,000.00	61,187.47	May-29-02	12.150%	RI - 70.00%	Paid Off - 360	Jun-24-96
10006257 3			72,000.00	68,885.37	May-22-02	9.500%	FL - 80.00%	Paid Off - 360	Sep-20-96
10006548 3			62,175.00	612.43	May-28-02	9.875%	FL - 75.00%	Paid Off - 360	Oct-11-96
10007009 3			76,600.00	59,620.55	May-22-02	9.125%	FL - 63.83%	Paid Off - 180	Nov-08-96
10007847 3			90,350.00	53,183.56	May-21-02	9.500%	FL - 65.00%	Paid Off - 120	Jan-09-97
11383937 3			203,000.00	202,831.32	May-31-02	14.500%	FL - 70.00%	Paid Off - 360	Nov-30-01
11397472 3			560,000.00	558,964.95	Jun-04-02	12.500%	CA - 80.00%	Paid Off - 360	Sep-28-01
11421748 3			422,500.00	421,811.83	Jun-03-02	11.500%	CA - 65.00%	Paid Off - 360	Nov-13-01
11423886 3			792,000.00	790,463.97	Jun-12-02	9.625%	NY - 72.00%	Paid Off - 360	Dec-10-01
11427338 3			173,000.00	172,875.39	Jun-03-02	14.125%	NY - 54.92%	Paid Off - 360	Dec-19-01
11431558 3			59,000.00	58,962.12	May-30-02	11.500%	TN - 50.00%	Paid Off - 360	Feb-25-02
11436536 3			420,000.00	419,162.04	Jun-13-02	9.490%	CA - 60.00%	Paid Off - 360	Dec-26-01
11438289 3			568,000.00	566,536.23	Jun-03-02	8.250%	CA - 80.00%	Paid Off - 360	Dec-20-01
11439639 3			600,000.00	593,580.18	May-22-02	8.990%	IL - 68.57%	Paid Off - 180	Dec-22-01
11442719 3			475,000.00	474,085.06	Jun-17-02	8.250%	MA - 65.07%	Paid Off - 360	Jan-24-02
11456125 3			178,400.00	178,285.42	May-31-02	11.500%	CA - 80.00%	Paid Off - 360	Feb-25-02
11462894 3			327,000.00	326,786.09	May-31-02	8.125%	LA - 65.40%	Paid Off - 360	Mar-29-02
17900004 3			612,500.00	589,000.71	May-31-02	9.500%	OR - 70.00%	Paid Off - 360	Oct-11-96
24300016 3			124,000.00	118,706.90	May-29-02	9.250%	VA - 80.00%	Paid Off - 360	Dec-23-96
51110885 3			125,900.00	120,940.99	Jun-07-02	8.500%	FL - 74.38%	Paid Off - 360	Jan-31-97


					Page 21 of 27				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-1
	Asset Backed Certificates

	Realized Loss Report for June 25, 2002 Distribution


	Realized Loss Report - Collateral


COLLATERAL REALIZED LOSSES					FIX & ADJ	ADJUSTABLE	FIXED	TOTAL

	*Current*
	Number of Loans Liquidated				-	-	-	-
	Collateral Realized Loss/(Gain) Amount				-	-	-	-
	Net Liquidation Proceeds				-	-	-	-

	*Cumulative*
	Number of Loans Liquidated				-	-	-	-
	Collateral Realized Loss/(Gain) Amount				-	-	-	-
	Net Liquidation Proceeds				-	-	-	-

	Note: Collateral realized losses may include adjustments to loans liquidated in prior periods.

SPACE INTENTIONALLY LEFT BLANK


	Fixed		Fix & Adj				3 Months Moving Average
	Adjustable

Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation


				Page 22 of 27				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-1
	Asset Backed Certificates

	Realized Loss Report for June 25, 2002 Distribution


	Realized Loss Report - Collateral


DEFAULT SPEEDS					FIX & ADJ	ADJUSTABLE	FIXED	TOTAL

	MDR				0.00%	0.00%	0.00%	0.00%
	3 Months Avg MDR				0.00%	0.00%	0.00%	0.00%
	12 Months Avg MDR
	Avg MDR Since Cut-off				0.00%	0.00%	0.00%	0.00%

	CDR				0.00%	0.00%	0.00%	0.00%
	3 Months Avg CDR				0.00%	0.00%	0.00%	0.00%
	12 Months Avg CDR
	Avg CDR Since Cut-off				0.00%	0.00%	0.00%	0.00%

	SDA				0.00%	0.00%	0.00%	0.00%
	3 Months Avg SDA Approximation				0.00%	0.00%	0.00%	0.00%
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation				0.00%	0.00%	0.00%	0.00%

	Loss Severity Approximation for Current Period
	3 Months Avg Loss Severity Approximation
	12 Months Avg Loss Severity Approximation
	Avg Loss Severity Approximation Since Cut-off

	Fixed		Fix & Adj
	Adjustable
CDR by Groups					Total CDR


SDA by Groups					Total SDA


				Page 23 of 27				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-1
	Asset Backed Certificates

	Realized Loss Report for June 25, 2002 Distribution


	Realized Loss Report - Collateral

	Fixed		Fix & Adj
	Adjustable

CDR Avg since Cut-Off by Groups					Total CDR Avg since Cut-Off


SDA Avg since Cut-Off by Groups					Total SDA Avg since Cut-Off


COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)0.02,MAX(0.03,MIN(30,WAS)0.02-0.0095*(WAS-60)))
Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn) * (1-MDRn+1) .......(1-MDRm)]^(1/months in period n,m)
Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)
Average SDA Approximation over period between the nth month and mth month:
AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)0.02,MAX(0.03,MIN(30,Avg WASn,m)0.02-0.0095*(Avg WASn,m-60)))
Average WASn,m: (WASn + WASn+1 +.......+ WASm )/(number of months in the period n,m)
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)
Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.
Dates correspond to distribution dates.

				Page 24 of 27				© COPYRIGHT 2002 Deutsche Bank


	Saxon Asset Securities Trust 2002-1
	Asset Backed Certificates

	Realized Loss Detail Report for June 25, 2002 Distribution


	Realized Loss Detail Report - Loans Liquidated During Current Distribution


SUMMARY						LOAN GROUP

Total Loan Count = 0						Loan Group 1 = Fixed Group
Total Original Principal Balance = 0.00						Loan Group 2 = Adjustable Group
Total Prior Principal Balance = 0.00						Loan Group 3 = Fix & Adj Group
Total Realized Loss Amount = 0.00
Total Net Liquidation Proceeds = 0.00


Loan Number			Original	Prior		Current	State &
&		Loan	Principal	Principal	Realized	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Balance	Loss/(Gain)	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK


					Page 25 of 27				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-1
	Asset Backed Certificates

	Triggers, Adj. Rate Cert. and Miscellaneous Report for June 25, 2002 Distribution


	Triggers, Adj. Rate Cert. and Miscellaneous Report


TRIGGER EVENTS					FIX & ADJ	ADJUSTABLE	FIXED	TOTAL

	Trigger Event Occuring				No	No	No	No


	Balance of Loans 60+ Delinquent				6,792,556.03	6,250,522.79	1,277,752.04	14,320,830.86


ADJUSTABLE RATE CERTIFICATE INFORMATION					FIX & ADJ	ADJUSTABLE	FIXED	TOTAL
SPACE INTENTIONALLY LEFT BLANK


ADDITIONAL INFORMATION					FIX & ADJ	ADJUSTABLE	FIXED	TOTAL
SPACE INTENTIONALLY LEFT BLANK


				Page 26 of 27				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-1
	Asset Backed Certificates

	Additional Certificate Report for June 25, 2002 Distribution


	Additional Certificate Report


	CLASS					Cap Carryover Amt	Unpaid Realized Loss Amt	Interest Carry Forward Amt

	AF-1					0.00	0.00	0.00
	AF-2					0.00	0.00	0.00
	AF-3					0.00	0.00	0.00
	AF-4					0.00	0.00	0.00
	AF-5					0.00	0.00	0.00
	AF-6					0.00	0.00	0.00
	AV-1					0.00	0.00	0.00
	AV-2					0.00	0.00	0.00
	M-1					0.00	0.00	0.00
	M-2					0.00	0.00	0.00
	B					0.00	0.00	0.00


				Page 27 of 27				© COPYRIGHT 2002 Deutsche Bank

SAXON ASSET SECURITIES TRUST 2002-1 8-K/A