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): October 25, 2002

SAXON ASSET SECURITIES COMPANY,

(as Depositor under the Pooling and Servicing Agreement, dated

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

Asset Backed Certificates, Series 2002-2).

SAXON ASSET SECURITIES TRUST 2002-2

(Exact name of Registrant as specified in its Charter)

VIRGINIA

(State or Other Jurisdiction of Incorporation)

333-67170-04 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

October 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,

not in its individual capacity, but solely

as a duly authorized agent of the Registrant

pursuant to the Trust Agreement, dated as of

July 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 October 25, 2002.


	Saxon Asset Securities Trust 2002-2
	Mortgage Loan Asset-Backed Certificates


	October 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				14
			8.	Foreclosure Report				15
			9.	Prepayment Report				16
			10.	Prepayment Detail Report				19
			11.	Realized Loss Report				21
			12.	Realized Loss Detail Report				24
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				25
			14.	Additional Certificate Report				26



				Total Number of Pages				26



			CONTACTS

				Administrator: Barbara A Rowe
				Direct Phone Number: (714)247-6412
				Address: Deutsche Bank
				1761 E. St. Andrew Place, Santa Ana, CA 92705

				Web Site: http://www.corporatetrust.db.com/invr
				Factor Information: (800) 735-7777
				Main Phone Number: (714) 247-6000



ISSUANCE INFORMATION

	Seller:		Saxon					Cut-Off Date: July 1, 2002
	Certificate Insurer(s):							Closing Date: July 10, 2002
								First Payment Date: August 26, 2002
	Servicer(s):		Saxon Mortgage, Inc. Master Servicer
			Saxon Mortgage Services, Inc. Sub-Servicer

								Distribution Date: October 25, 2002
	Underwriter(s):		CS First Boston Lead Underwriter					Record Date: October 24, 2002
			Greenwich Capital Markets, Inc. Underwriter					September 30, 2002
			J. P. Morgan Underwriter
			Wachovia Securites Underwriter




						Page 1 of 26					© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-2
	Mortgage Loan Asset-Backed Certificates
	REMIC V Series 2002-2
	Certificate Payment Report for October 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	63,540,000.00			59,267,415.37	95,506.97	1,621,786.88	1,717,293.85	-	-	57,645,628.49
AF-2	AFC	14,470,000.00			14,470,000.00	48,474.50	-	48,474.50	-	-	14,470,000.00
AF-3	AFC	36,490,000.00			36,490,000.00	140,182.42	-	140,182.42	-	-	36,490,000.00
AF-4	AFC	11,770,000.00			11,770,000.00	52,768.83	-	52,768.83	-	-	11,770,000.00
AF-5	STEP	22,650,000.00			22,650,000.00	113,061.25	-	113,061.25	-	-	22,650,000.00
AF-6	STEP	16,550,000.00			16,550,000.00	77,509.17	-	77,509.17	-	-	16,550,000.00
AV	FLT	339,710,000.00			330,227,576.62	570,404.93	6,535,257.15	7,105,662.08	-	-	323,692,319.47
A-IO	IO	-			-	694,983.16	-	694,983.16	-	-	-
M-1	MEZ	39,330,000.00			39,330,000.00	79,073.29	-	79,073.29	-	-	39,330,000.00
M-2	MEZ	31,760,000.00			31,760,000.00	78,403.52	-	78,403.52	-	-	31,760,000.00
B	SUB	28,730,000.00			28,730,000.00	86,478.33	-	86,478.33	-	-	28,730,000.00
C	SUB	-			-	1.44	-	1.44	-	-	-
P	SUB	-			-	48,554.00	-	48,554.00	-	-	-
R	R	-			-	-	-	-	-	-	-


Total		605,000,000.00			591,244,991.99	2,085,401.80	8,157,044.03	10,242,445.82	-	-	583,087,947.96
Non-Delay Certificates Record Date: 10/24/02

	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	09/25/02	10/24/02		A-Act/360	805564LQ2	63,540,000.00	932.757560	1.503100	25.523873	27.026973	907.233687
AF-2				F-30/360	805564LR0	14,470,000.00	1,000.000000	3.350000	-	3.350000	1,000.000000
AF-3				F-30/360	805564LS8	36,490,000.00	1,000.000000	3.841667	-	3.841667	1,000.000000
AF-4				F-30/360	805564LT6	11,770,000.00	1,000.000000	4.483333	-	4.483333	1,000.000000
AF-5				F-30/360	805564LU3	22,650,000.00	1,000.000000	4.991667	-	4.991667	1,000.000000
AF-6				F-30/360	805564LV1	16,550,000.00	1,000.000000	4.683334	-	4.683334	1,000.000000
AV	09/25/02	10/24/02		A-Act/360	805564LW9	339,710,000.00	972.086711	1.679094	19.237753	20.916847	952.848958
A-IO	09/25/02	10/24/02		F-30/360	805564LX7	160,031,000.00	992.857634	4.342803	-	4.342803	985.715268
M-1				A-Act/360	805564LY5	39,330,000.00	1,000.000000	2.010508	-	2.010508	1,000.000000
M-2				A-Act/360	805564LZ2	31,760,000.00	1,000.000000	2.468625	-	2.468625	1,000.000000
B	09/25/02	10/24/02		A-Act/360	805564MA6	28,730,000.00	1,000.000000	3.010036	-	3.010036	1,000.000000
C	09/25/02	10/24/02		A-30/360		605,000,000.00	982.765448	0.000002	-	0.000002	973.147044
P	09/25/02	10/24/02		-		-	-	-	-	-	-
R	09/25/02	10/24/02		-		-	-	-	-	-	-


							Page 2 of 26				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-2
	Mortgage Loan Asset-Backed Certificates
	REMIC V Series 2002-2
	Certificate Payment Report for October 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	63,540,000.00		356,055.31		5,313,943.23	580,428.28	5,894,371.51	6,250,426.82	-	-	57,645,628.49
AF-2	14,470,000.00		145,423.50		-	-	-	145,423.50	-	-	14,470,000.00
AF-3	36,490,000.00		420,547.26		-	-	-	420,547.26	-	-	36,490,000.00
AF-4	11,770,000.00		158,306.49		-	-	-	158,306.49	-	-	11,770,000.00
AF-5	22,650,000.00		339,183.75		-	-	-	339,183.75	-	-	22,650,000.00
AF-6	16,550,000.00		232,527.51		-	-	-	232,527.51	-	-	16,550,000.00
AV	339,710,000.00		2,080,844.25		15,344,166.67	673,513.86	16,017,680.53	18,098,524.78	-	-	323,692,319.47
A-IO	-		2,090,253.80		-	-	-	2,090,253.80	-	-	-
M-1	39,330,000.00		283,348.94		-	-	-	283,348.94	-	-	39,330,000.00
M-2	31,760,000.00		280,723.54		-	-	-	280,723.54	-	-	31,760,000.00
B	28,730,000.00		309,439.09		-	-	-	309,439.09	-	-	28,730,000.00
C	-		4.01		-	-	-	4.01	-	-	-
P	-		114,145.94		-	-	-	114,145.94	-	-	-
R	-		-		-	-	-	-	-	-	-


Total	605,000,000.00		6,810,803.38		20,658,109.90	1,253,942.14	21,912,052.04	28,722,855.42	-	-	583,087,947.96


	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	1.93375%	59,267,415.37			95,506.97	-	-	-	95,506.97	95,506.97	-
AF-2	4.02000%	14,470,000.00			48,474.50	-	-	-	48,474.50	48,474.50	-
AF-3	4.61000%	36,490,000.00			140,182.42	-	-	-	140,182.42	140,182.42	-
AF-4	5.38000%	11,770,000.00			52,768.83	-	-	-	52,768.83	52,768.83	-
AF-5	5.99000%	22,650,000.00			113,061.25	-	-	-	113,061.25	113,061.25	-
AF-6	5.62000%	16,550,000.00			77,509.17	-	-	-	77,509.17	77,509.17	-
AV	2.07375%	330,227,576.62			570,404.93	-	-	-	570,404.93	570,404.93	-
A-IO	5.25000%	158,888,000.00			694,983.16	-	-	-	321,283.78	694,983.16	-
M-1	2.41375%	39,330,000.00			79,073.29	-	-	-	79,073.29	79,073.29	-
M-2	2.96375%	31,760,000.00			78,403.52	-	-	-	78,403.52	78,403.52	-
B	3.61375%	28,730,000.00			86,478.33	-	-	-	86,478.33	86,478.33	-
C	4.71850%	594,573,095.81			2,337,909.81	-	3,328,103.84	-	5,666,013.65	1.44	5,666,013.65
P		-			-	-	-	-	-	48,554.00	-
R		-			-	-	-	-	-	-	-


Total		1,344,706,087.80			4,374,756.17	-	3,328,103.84	-	7,329,160.63	2,085,401.80	5,666,013.65


							Page 3 of 26				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-2
	Mortgage Loan Asset-Backed Certificates

	Collection Account Report for October 25, 2002 Distribution


	Collection Account Report


SUMMARY						ADJUSTABLE	FIXED	TOTAL

	Principal Collections					4,662,171.54	1,156,962.68	5,819,134.22
	Principal Withdrawals					0.00	0.00	0.00
	Principal Other Accounts					0.00	0.00	0.00
	TOTAL NET PRINCIPAL					4,662,171.54	1,156,962.68	5,819,134.22

	Interest Collections					3,111,976.09	1,451,414.63	4,563,390.72
	Interest Withdrawals					0.00	0.00	0.00
	Interest Other Accounts					0.00	0.00	1.44
	Interest Fees					(91,364.45)	(48,716.11)	(140,080.56)
	TOTAL NET INTEREST					3,020,611.64	1,402,698.52	4,423,311.60

	TOTAL AVAILABLE FUNDS TO BONDHOLDERS					7,682,783.18	2,559,661.20	10,242,445.82


PRINCIPAL - COLLECTIONS						ADJUSTABLE	FIXED	TOTAL

	Scheduled Principal					236,248.31	210,314.03	446,562.34
	Curtailments					92,017.87	95,843.72	187,861.59
	Prepayments in Full					4,333,905.36	850,804.93	5,184,710.29
	Repurchases/Substitutions Shortfalls					0.00	0.00	0.00
	Liquidations					0.00	0.00	0.00
	Insurance Principal					0.00	0.00	0.00
	Other Additional Principal					0.00	0.00	0.00
	Delinquent Principal					(55,549.53)	(29,709.76)	(85,259.29)
	Advanced Principal					55,549.53	29,709.76	85,259.29
	Realized Losses					0.00	0.00	0.00


	TOTAL PRINCIPAL COLLECTED					4,662,171.54	1,156,962.68	5,819,134.22


				Page 4 of 26				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-2
	Mortgage Loan Asset-Backed Certificates

	Collection Account Report for October 25, 2002 Distribution


	Collection Account Report


PRINCIPAL - WITHDRAWALS						ADJUSTABLE	FIXED	TOTAL
SPACE INTENTIONALLY LEFT BLANK


PRINCIPAL - OTHER ACCOUNTS						ADJUSTABLE	FIXED	TOTAL

	Prefunded Release Amount					0.00	0.00	0.00

	TOTAL OTHER ACCOUNTS PRINCIPAL					0.00	0.00	0.00


INTEREST - COLLECTIONS						ADJUSTABLE	FIXED	TOTAL

	Scheduled Interest					3,029,189.26	1,446,689.82	4,475,879.08
	Repurchases/Substitutions					0.00	0.00	0.00
	Liquidations					0.00	0.00	0.00
	Insurance Interest					0.00	0.00	0.00
	Other Additional Interest					0.00	0.00	0.00
	Month End Interest (PPIS)					(3,075.73)	(335.91)	(3,411.64)
	Delinquent Interest					(802,081.81)	(260,667.69)	(1,062,749.50)
	Realized Losses					0.00	0.00	0.00
	Compensating Month End Interest					3,075.73	335.91	3,411.64
	Other Interest Shortfall (Relief Act)					(536.76)	0.00	(536.76)
	Interest Advanced					776,845.44	252,567.47	1,029,412.91
	Prepayment Penalties					108,559.96	12,825.03	121,384.99

	TOTAL INTEREST COLLECTED					3,111,976.09	1,451,414.63	4,563,390.72


				Page 5 of 26				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-2
	Mortgage Loan Asset-Backed Certificates

	Collection Account Report for October 25, 2002 Distribution


	Collection Account Report


INTEREST - WITHDRAWALS						ADJUSTABLE	FIXED	TOTAL
SPACE INTENTIONALLY LEFT BLANK


INTEREST - OTHER ACCOUNTS						ADJUSTABLE	FIXED	TOTAL



	TOTAL OTHER ACCOUNT INTEREST					0.00	0.00	1.44


INTEREST - FEES						ADJUSTABLE	FIXED	TOTAL

	Current Servicing Fees					74,707.19	40,599.49	115,306.68
	Master Servicing Fee					16,657.26	8,116.62	24,773.88


	TOTAL INTEREST OTHER FEES					91,364.45	48,716.11	140,080.56


				Page 6 of 26				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-2
	Mortgage Loan Asset-Backed Certificates

	Credit Enhancement Report for October 25, 2002 Distribution


	Credit Enhancement Report


ACCOUNTS						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)							1.44


INSURANCE						ADJUSTABLE	FIXED	TOTAL
SPACE INTENTIONALLY LEFT BLANK


STRUCTURAL FEATURES						ADJUSTABLE	FIXED	TOTAL

	Extra Principal Distribution Amt					1,873,085.61	464,824.20	2,337,909.81
	Overcollateralization Amount							5,666,013.63
	Overcollateralization Requirement							11,495,000.00
	Overcollateralization Release Amount					0.00	0.00	0.00


				Page 7 of 26				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-2
	Mortgage Loan Asset-Backed Certificates

	Collateral Report for October 25, 2002 Distribution


	Collateral Report


COLLATERAL						ADJUSTABLE	FIXED	TOTAL
	Loan Count:
	*Original*					2402	1376	3778
	Prior					2,756	1,774	4,530
	Prefunding					-	-	-
	Scheduled Paid Offs					-	-	-
	Full Voluntary Prepayments					(33)	(12)	(45)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					2,723	1,762	4,485

	*Principal Balance:*
	Original					341,156,117.68	150,278,817.14	491,434,934.82
	Prior					399,774,263.59	194,798,832.22	594,573,095.81
	Prefunding					-	-	-
	Scheduled Principal					(236,248.31)	(210,314.03)	(446,562.34)
	Partial and Full Voluntary Prepayments					(4,425,923.23)	(946,648.65)	(5,372,571.88)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					395,112,092.05	193,641,869.54	588,753,961.59

PREFUNDING						ADJUSTABLE	FIXED	TOTAL

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


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


				Page 8 of 26				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-2
	Mortgage Loan Asset-Backed Certificates

	Collateral Report for October 25, 2002 Distribution


	Collateral Report


CHARACTERISTICS						ADJUSTABLE	FIXED	TOTAL

	Weighted Average Coupon Original					9.114019%	8.982884%	9.073919%
	Weighted Average Coupon Prior					9.090299%	8.786785%	8.991094%
	Weighted Average Coupon Current					9.092699%	8.911900%	9.033464%
	Weighted Average Months to Maturity Original					355	287	334
	Weighted Average Months to Maturity Prior					354	290	333
	Weighted Average Months to Maturity Current					353	290	332
	Weighted Avg Remaining Amortization Term Original					354	312	341
	Weighted Avg Remaining Amortization Term Prior					354	313	341
	Weighted Avg Remaining Amortization Term Current					353	312	340
	Weighted Average Seasoning Original					5.95	9.28	6.97
	Weighted Average Seasoning Prior					6.11	8.01	6.73
	Weighted Average Seasoning Current					7.04	8.92	7.66

Note: Original information refers to deal issue.


	Fixed
	Adjustable
WAC by Groups					Total WAC


WARAT by Groups					Total WARAT


Note: Dates correspond to distribution dates.
				Page 9 of 26				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-2
	Mortgage Loan Asset-Backed Certificates

	Collateral Report for October 25, 2002 Distribution


	Collateral Report


ARM CHARACTERISTICS						ADJUSTABLE	FIXED	TOTAL

	Weighted Average Margin Original					5.507%
	Weighted Average Margin Prior					5.547%
	Weighted Average Margin Current					5.547%
	Weighted Average Max Rate Original					15.621%	8.984%
	Weighted Average Max Rate Prior					15.612%	8.914%
	Weighted Average Max Rate Current					15.612%	8.913%
	Weighted Average Min Rate Original					8.345%	8.984%
	Weighted Average Min Rate Prior					8.331%	8.914%
	Weighted Average Min Rate Current					8.329%	8.913%
	Weighted Average Cap Up Original					1.037%
	Weighted Average Cap Up Prior					1.042%
	Weighted Average Cap Up Current					1.042%
	Weighted Average Cap Down Original					1.037%
	Weighted Average Cap Down Prior					1.042%
	Weighted Average Cap Down Current					1.042%

Note: Original information refers to deal issue.

SERVICING FEES / ADVANCES						ADJUSTABLE	FIXED	TOTAL

	Current Servicing Fees					74,707.19	40,599.49	115,306.68
	Delinquent Servicing Fees					25,236.37	8,100.22	33,336.59
	Master Servicing Fees					16,657.26	8,116.62	24,773.88

	TOTAL SERVICING FEES					116,600.82	56,816.33	173,417.15

	Total Servicing Fees					116,600.82	56,816.33	173,417.15
	Compensating Month End Interest					3,075.73	335.91	3,411.64
	Delinquent Servicing Fees					(25,236.37)	(8,100.22)	(33,336.59)

	COLLECTED SERVICING FEES					94,440.18	49,052.02	143,492.20

	Prepayment Interest Shortfall					3,075.73	335.91	3,411.64

	Total Advanced Interest					776,845.44	252,567.47	1,029,412.91


ADDITIONAL COLLATERAL INFORMATION						ADJUSTABLE	FIXED	TOTAL

	Weighted Average Net Rate					8.741088%	8.561900%	8.682381%
	Largest Loan Balance					1,496,853.34	850,791.16	1,496,853.34

	Next One-Month LIBOR							1.830000%
	Current One-Month LIBOR							1.813750%


				Page 10 of 26				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-2
	Mortgage Loan Asset-Backed Certificates

	Delinquency Report for October 25, 2002 Distribution


	Delinquency Report - Total


				CURRENT	1 PAYMENT	2 PAYMTS	3+ PAYMTS	TOTAL
DELINQUENT		Balance			21,251,452.58	3,859,881.57	72,033.65	25,183,367.80
		% Balance			3.61%	0.66%	0.01%	4.28%
		# Loans			171	33	1	205
		% # Loans			3.81%	0.74%	0.02%	4.57%
FORECLOSURE		Balance		-	-	2,954,550.03	828,247.95	3,782,797.98
		% Balance		0.00%	0.00%	0.50%	0.14%	0.64%
		# Loans		-	-	26	8	34
		% # Loans		0.00%	0.00%	0.58%	0.18%	0.76%
BANKRUPTCY		Balance		649,024.73	76,347.67	434,931.74	-	1,160,304.14
		% Balance		0.11%	0.01%	0.07%	0.00%	0.20%
		# Loans		10	1	4	-	15
		% # Loans		0.22%	0.02%	0.09%	0.00%	0.33%
REO		Balance		-	-	109,924.67	-	109,924.67
		% Balance		0.00%	0.00%	0.02%	0.00%	0.02%
		# Loans		-	-	1	-	1
		% # Loans		0.00%	0.00%	0.02%	0.00%	0.02%

TOTAL		Balance		649,024.73	21,327,800.25	7,359,288.01	900,281.60	30,236,394.59
		% Balance		0.11%	3.62%	1.25%	0.15%	5.14%
		# Loans		10	172	64	9	255
		% # Loans		0.22%	3.84%	1.43%	0.20%	5.69%
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 26				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-2
	Mortgage Loan Asset-Backed Certificates

	Delinquency Report for October 25, 2002 Distribution


	Delinquency Report - Fixed Group


				CURRENT	1 PAYMENT	2 PAYMTS	3+ PAYMTS	TOTAL
DELINQUENT		Balance			3,012,992.01	476,689.34	72,033.65	3,561,715.00
		% Balance			1.56%	0.25%	0.04%	1.84%
		# Loans			33	8	1	42
		% # Loans			1.87%	0.45%	0.06%	2.38%
FORECLOSURE		Balance		-	-	628,781.81	78,756.07	707,537.88
		% Balance		0.00%	0.00%	0.32%	0.04%	0.37%
		# Loans		-	-	6	1	7
		% # Loans		0.00%	0.00%	0.34%	0.06%	0.40%
BANKRUPTCY		Balance		227,775.68	76,347.67	-	-	304,123.35
		% Balance		0.12%	0.04%	0.00%	0.00%	0.16%
		# Loans		3	1	-	-	4
		% # Loans		0.17%	0.06%	0.00%	0.00%	0.23%
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		227,775.68	3,089,339.68	1,105,471.15	150,789.72	4,573,376.23
		% Balance		0.12%	1.60%	0.57%	0.08%	2.36%
		# Loans		3	34	14	2	53
		% # Loans		0.17%	1.93%	0.79%	0.11%	3.01%
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 26				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-2
	Mortgage Loan Asset-Backed Certificates

	Delinquency Report for October 25, 2002 Distribution


	Delinquency Report - Adjustable Group


				CURRENT	1 PAYMENT	2 PAYMTS	3+ PAYMTS	TOTAL
DELINQUENT		Balance			18,238,460.57	3,383,192.23	-	21,621,652.80
		% Balance			4.62%	0.86%	0.00%	5.47%
		# Loans			138	25	-	163
		% # Loans			5.07%	0.92%	0.00%	5.99%
FORECLOSURE		Balance		-	-	2,325,768.22	749,491.88	3,075,260.10
		% Balance		0.00%	0.00%	0.59%	0.19%	0.78%
		# Loans		-	-	20	7	27
		% # Loans		0.00%	0.00%	0.73%	0.26%	0.99%
BANKRUPTCY		Balance		421,249.05	-	434,931.74	-	856,180.79
		% Balance		0.11%	0.00%	0.11%	0.00%	0.22%
		# Loans		7	-	4	-	11
		% # Loans		0.26%	0.00%	0.15%	0.00%	0.40%
REO		Balance		-	-	109,924.67	-	109,924.67
		% Balance		0.00%	0.00%	0.03%	0.00%	0.03%
		# Loans		-	-	1	-	1
		% # Loans		0.00%	0.00%	0.04%	0.00%	0.04%

TOTAL		Balance		421,249.05	18,238,460.57	6,253,816.86	749,491.88	25,663,018.36
		% Balance		0.11%	4.62%	1.58%	0.19%	6.50%
		# Loans		7	138	50	7	202
		% # Loans		0.26%	5.07%	1.84%	0.26%	7.42%
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 26				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-2
	Mortgage Loan Asset-Backed Certificates

	REO Report for October 25, 2002 Distribution


	REO Report - Mortgage Loans that Become REO During Current Distribution


SUMMARY				LOAN GROUP

Total Loan Count = 1				Loan Group 1 = Fixed Group; REO Book Value = Not Available
Total Original Principal Balance = 110,200.00				Loan Group 2 = Adjustable Group; REO Book Value = Not Available
Total Current Balance = 109,924.67
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

11473527 2		110,200.00	109,924.67	Jul-01-02	9.500%	GA - 95.00%	360	Apr-22-02


				Page 14 of 26				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-2
	Mortgage Loan Asset-Backed Certificates

	Foreclosure Report for October 25, 2002 Distribution


	Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution


SUMMARY				LOAN GROUP

Total Loan Count = 26				Loan Group 1 = Fixed Group
Total Original Principal Balance = 2,916,892.00				Loan Group 2 = Adjustable Group
Total Current Balance = 2,906,154.83


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

11470008 1		165,300.00	165,015.65	Jul-01-02	11.250%	FL - 95.00%	360	Apr-15-02
11470603 1		33,400.00	33,364.88	Jun-08-02	12.450%	NY - 29.04%	360	May-03-02
11471946 1		33,750.00	33,701.46	Jun-05-02	12.208%	IA - 75.00%	180	Apr-05-02
11473380 1		48,750.00	48,680.19	Jun-24-02	12.150%	NY - 75.00%	180	Apr-19-02
11478456 1		79,037.00	78,756.07	Jun-01-02	9.990%	FL - 70.00%	180	Feb-15-02
11483843 1		120,600.00	120,458.81	Jul-01-02	10.625%	IL - 90.00%	360	Jun-12-02
11496722 1		228,000.00	227,560.82	Jul-01-02	8.250%	FL - 80.00%	360	Jun-27-02
10205109 2		70,000.00	67,681.47	Jul-01-02	10.250%	NM - 80.00%	360	Dec-26-96
10206683 2		56,000.00	53,850.75	Jul-01-02	9.990%	CA - 51.00%	360	Mar-31-97
11442988 2		58,000.00	57,897.88	Jul-01-02	12.000%	FL - 63.04%	360	Mar-08-02
11458435 2		179,800.00	179,141.02	Jun-01-02	7.625%	AZ - 80.99%	360	Apr-11-02
11466262 2		102,000.00	101,824.54	Jul-01-02	11.250%	IN - 83.61%	360	Apr-11-02
11470075 2		76,500.00	76,298.60	May-01-02	9.250%	NC - 90.00%	360	Apr-15-02
11473359 2		92,550.00	92,120.05	Jun-01-02	9.490%	HI - 74.04%	360	Dec-17-01
11473456 2		77,120.00	76,985.43	Jun-01-02	10.125%	SC - 80.00%	360	May-16-02
11475599 2		206,500.00	206,193.21	Jul-01-02	10.875%	NJ - 70.00%	360	May-17-02
11475914 2		47,700.00	47,627.20	Jul-01-02	10.750%	OH - 90.00%	360	May-03-02
11475978 2		111,330.00	111,013.29	Jul-01-02	8.875%	NM - 90.00%	360	Apr-19-02
11475987 2		414,000.00	413,018.43	Jul-01-02	9.750%	FL - 79.46%	360	Apr-25-02
11475995 2		88,000.00	87,749.64	Jul-01-02	8.875%	NM - 80.00%	360	Apr-19-02
11476881 2		54,450.00	54,324.23	Jun-01-02	9.875%	MN - 90.00%	360	Apr-25-02
11478891 2		70,400.00	70,282.14	Jul-01-02	11.375%	KY - 80.00%	360	Apr-26-02
11481021 2		104,400.00	104,187.77	Jul-01-02	9.400%	LA - 90.00%	360	May-24-02
11482694 2		128,155.00	127,798.75	Jul-01-02	7.875%	CA - 95.00%	360	May-21-02
11488356 2		93,500.00	93,405.48	Jun-01-02	12.625%	GA - 85.00%	360	May-28-02
11489569 2		177,650.00	177,217.07	Jun-01-02	10.500%	WA - 85.00%	360	Mar-28-02


				Page 15 of 26				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-2
	Mortgage Loan Asset-Backed Certificates

	Prepayment Report for October 25, 2002 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENTS						ADJUSTABLE	FIXED	TOTAL

	*Current*
	Number of Paid in Full Loans					33	12	45
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					33	12	45

	Paid in Full Balance					4,333,905.36	850,804.93	5,184,710.29
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					92,017.87	95,843.72	187,861.59
	Total Prepayment Amount					4,425,923.23	946,648.65	5,372,571.88

	*Cumulative*
	Number of Paid in Full Loans					85	42	127
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					85	42	127

	Paid in Full Balance					10,834,656.22	3,755,555.24	14,590,211.46
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					242,162.48	159,642.54	401,805.02
	Total Prepayment Amount					11,076,818.70	3,915,197.78	14,992,016.48

SPACE INTENTIONALLY LEFT BLANK


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


				Page 16 of 26				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-2
	Mortgage Loan Asset-Backed Certificates

	Prepayment Report for October 25, 2002 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENT RATES						ADJUSTABLE	FIXED	TOTAL

	SMM					1.11%	0.49%	0.90%
	3 Months Avg SMM					0.97%	0.78%	0.90%
	12 Months Avg SMM
	Avg SMM Since Cut-off					0.97%	0.78%	0.90%

	CPR					12.51%	5.68%	10.33%
	3 Months Avg CPR					11.01%	8.92%	10.30%
	12 Months Avg CPR
	Avg CPR Since Cut-off					11.01%	8.92%	10.30%

	PSA					888.16%	318.50%	673.93%
	3 Months Avg PSA Approximation					864.67%	510.53%	723.06%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation					864.67%	510.53%	723.06%



	Fixed
	Adjustable


CPR by Groups					Total CPR


PSA by Groups					Total PSA


				Page 17 of 26				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-2
	Mortgage Loan Asset-Backed Certificates

	Prepayment Report for October 25, 2002 Distribution


	Prepayment Report - Voluntary Prepayments

	Fixed
	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 18 of 26				© COPYRIGHT 2002 Deutsche Bank


	Saxon Asset Securities Trust 2002-2
	Mortgage Loan Asset-Backed Certificates

	Prepayment Detail Report for October 25, 2002 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution


SUMMARY						LOAN GROUP

Total Loan Count = 45						Loan Group 1 = Fixed Group
Total Original Principal Balance = 5,304,795.00						Loan Group 2 = Adjustable Group
Total Prepayment Amount = 5,184,710.29


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

10006638 1			166,000.00	122,456.87	Oct-08-02	7.625%	FL - 73.78%	Paid Off - 180	Oct-09-96
10008207 1			48,000.00	46,576.99	Sep-30-02	11.750%	FL - 65.75%	Paid Off - 180	Feb-06-97
10008905 1			50,000.00	48,000.02	Sep-30-02	9.750%	VA - 65.35%	Paid Off - 360	Apr-01-97
10009495 1			84,600.00	80,272.11	Oct-03-02	11.250%	TN - 90.00%	Paid Off - 360	May-19-97
11463510 1			108,000.00	107,803.44	Oct-04-02	11.500%	ME - 90.00%	Paid Off - 360	Apr-26-02
11465446 1			105,400.00	105,135.18	Sep-30-02	8.375%	KS - 85.00%	Paid Off - 180	Apr-17-02
11472115 1			83,000.00	82,301.14	Oct-01-02	9.750%	MA - 30.74%	Paid Off - 180	May-06-02
11473945 1			28,000.00	27,785.95	Sep-30-02	12.650%	OK - 80.00%	Paid Off - 180	Apr-19-02
11479101 1			83,200.00	83,085.66	Sep-19-02	9.875%	CA - 80.00%	Paid Off - 360	May-01-02
11490772 1			25,000.00	24,876.07	Oct-07-02	9.750%	OH - 62.50%	Paid Off - 180	Jun-21-02
11492386 1			80,000.00	79,952.70	Oct-07-02	11.875%	GA - 47.06%	Paid Off - 360	Jun-10-02
36200087 1			53,600.00	42,558.80	Oct-01-02	10.500%	MD - 74.97%	Paid Off - 180	Apr-01-97
10008577 2			162,480.00	148,718.35	Oct-14-02	7.625%	OR - 80.00%	Paid Off - 360	Mar-07-97
10201598 2			46,200.00	37,342.87	Sep-30-02	11.500%	OH - 70.00%	Paid Off - 360	Jan-24-97
10203216 2			70,140.00	68,242.96	Oct-07-02	10.375%	DE - 70.00%	Paid Off - 360	Jan-24-97
10203415 2			15,500.00	12,827.67	Sep-30-02	12.990%	OH - 38.00%	Paid Off - 360	Feb-11-97
10204065 2			53,000.00	42,611.13	Oct-03-02	10.990%	OH - 53.00%	Paid Off - 360	Feb-27-97
10206209 2			59,500.00	56,092.24	Oct-01-02	8.000%	NJ - 70.00%	Paid Off - 360	Mar-28-97
11430731 2			50,100.00	49,957.18	Oct-14-02	7.750%	KY - 71.57%	Paid Off - 360	Apr-18-02
11444525 2			80,500.00	80,310.78	Oct-08-02	8.700%	MO - 70.00%	Paid Off - 360	Apr-15-02
11461128 2			50,400.00	50,243.54	Sep-20-02	9.250%	CA - 80.00%	Paid Off - 360	Apr-02-02
11469224 2			368,000.00	367,452.67	Oct-01-02	9.500%	FL - 80.00%	Paid Off - 360	May-15-02
11471389 2			71,200.00	71,088.42	Sep-18-02	9.250%	IL - 80.00%	Paid Off - 360	May-20-02
11473880 2			154,000.00	153,764.95	Sep-18-02	10.750%	NC - 70.00%	Paid Off - 360	Apr-17-02
11474437 2			190,000.00	189,631.51	Oct-04-02	9.625%	CA - 89.62%	Paid Off - 360	Apr-19-02
11475341 2			189,300.00	188,995.09	Oct-08-02	10.500%	VA - 77.27%	Paid Off - 360	Apr-19-02
11475840 2			85,000.00	84,864.63	Oct-01-02	10.625%	OH - 85.00%	Paid Off - 360	Apr-23-02
11476686 2			58,225.00	58,137.73	Oct-04-02	9.500%	IN - 84.98%	Paid Off - 360	May-23-02
11478530 2			47,500.00	47,426.72	Oct-11-02	11.090%	CA - 50.00%	Paid Off - 360	Apr-29-02
11479348 2			121,800.00	121,661.19	Oct-11-02	10.750%	CA - 70.00%	Paid Off - 360	May-21-02
11479423 2			109,800.00	108,635.10	Sep-25-02	9.090%	OH - 90.00%	Paid Off - 360	Mar-07-02
11481113 2			187,500.00	187,297.58	Sep-23-02	11.000%	NJ - 73.53%	Paid Off - 360	May-10-02
11481212 2			203,000.00	202,842.93	Sep-27-02	12.875%	NJ - 70.00%	Paid Off - 360	May-10-02
11485707 2			600,000.00	599,358.97	Oct-02-02	9.125%	CA - 69.36%	Paid Off - 360	May-29-02
11486176 2			101,150.00	100,982.99	Oct-02-02	9.000%	FL - 70.00%	Paid Off - 360	May-31-02
11486832 2			117,000.00	116,801.78	Oct-11-02	8.875%	KY - 90.00%	Paid Off - 360	May-22-02
11489497 2			220,800.00	219,928.28	Sep-27-02	7.250%	CA - 80.00%	Paid Off - 360	Mar-25-02
11490811 2			95,000.00	94,865.47	Oct-08-02	7.750%	GA - 79.17%	Paid Off - 360	Jun-07-02
11491665 2			141,000.00	140,809.75	Sep-30-02	7.990%	GA - 80.57%	Paid Off - 360	Jun-13-02
11493388 2			187,500.00	187,389.13	Oct-11-02	11.875%	FL - 62.50%	Paid Off - 360	Jun-25-02
11495721 2			129,500.00	129,308.21	Sep-18-02	10.890%	IL - 70.00%	Paid Off - 360	Apr-12-02
11497594 2			66,500.00	66,405.96	Sep-24-02	9.990%	CA - 70.00%	Paid Off - 360	May-16-02
11505143 2			122,400.00	122,321.39	Oct-02-02	11.500%	CA - 78.46%	Paid Off - 360	Jun-24-02
31600056 2			177,500.00	170,743.03	Sep-26-02	9.530%	UT - 84.12%	Paid Off - 360	Feb-24-97

					Page 19 of 26				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-2
	Mortgage Loan Asset-Backed Certificates

	Prepayment Detail Report for October 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

84800006 2			58,500.00	56,845.16	Sep-25-02	10.375%	MA - 65.00%	Paid Off - 360	Mar-31-97


					Page 20 of 26				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-2
	Mortgage Loan Asset-Backed Certificates

	Realized Loss Report for October 25, 2002 Distribution


	Realized Loss Report - Collateral


COLLATERAL REALIZED LOSSES						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						3 Months Moving Average
	Adjustable

Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation


				Page 21 of 26				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-2
	Mortgage Loan Asset-Backed Certificates

	Realized Loss Report for October 25, 2002 Distribution


	Realized Loss Report - Collateral


DEFAULT SPEEDS						ADJUSTABLE	FIXED	TOTAL

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

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

	SDA					0.00%	0.00%	0.00%
	3 Months Avg SDA Approximation					0.00%	0.00%	0.00%
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation					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
	Adjustable
CDR by Groups					Total CDR


SDA by Groups					Total SDA


				Page 22 of 26				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-2
	Mortgage Loan Asset-Backed Certificates

	Realized Loss Report for October 25, 2002 Distribution


	Realized Loss Report - Collateral

	Fixed
	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 23 of 26				© COPYRIGHT 2002 Deutsche Bank


	Saxon Asset Securities Trust 2002-2
	Mortgage Loan Asset-Backed Certificates

	Realized Loss Detail Report for October 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
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 24 of 26				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-2
	Mortgage Loan Asset-Backed Certificates

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


	Triggers, Adj. Rate Cert. and Miscellaneous Report


TRIGGER EVENTS						ADJUSTABLE	FIXED	TOTAL

	Trigger Event Occuring					No	No	No


	Balance of Loans 60+ Delinquent					7,003,308.74	1,256,260.87	8,259,569.61


ADJUSTABLE RATE CERTIFICATE INFORMATION						ADJUSTABLE	FIXED	TOTAL
SPACE INTENTIONALLY LEFT BLANK


ADDITIONAL INFORMATION						ADJUSTABLE	FIXED	TOTAL
SPACE INTENTIONALLY LEFT BLANK


				Page 25 of 26				© COPYRIGHT 2002 Deutsche Bank
	Saxon Asset Securities Trust 2002-2
	Mortgage Loan Asset-Backed Certificates

	Additional Certificate Report for October 25, 2002 Distribution


	Additional Certificate Report


	CLASS				Civil Relief Act Shortfall	Cap Carryover Amt	Unpaid Realized Loss Amt	Interest Carry Forward Amt

	AF-1				0.00	0.00	0.00	0.00
	AF-2				0.00	0.00	0.00	0.00
	AF-3				0.00	0.00	0.00	0.00
	AF-4				0.00	0.00	0.00	0.00
	AF-5				0.00	0.00	0.00	0.00
	AF-6				0.00	0.00	0.00	0.00
	AV				269.60	0.00	0.00	0.00
	A-IO				151.85	0.00	0.00	0.00
	M-1				37.37	0.00	0.00	0.00
	M-2				37.06	0.00	0.00	0.00
	B				40.87	0.00	0.00	0.00


				Page 26 of 26				© COPYRIGHT 2002 Deutsche Bank

SAXON ASSET SECURITIES TRUST 2002-2 8-K/A