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): ~~June~~July 25, 2003 SAXON ASSET SECURITIES COMPANY, (as Depositor, Saxon Mortgage Inc., as Master Servicer, and Deutsche Bank National Trust Company, as Trustee). SAXON ASSET SECURITIES CO MORT LOAN ASSET BK CER 2003-1 (Exact name of Registrant as specified in its Charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-67170-05 52-1865887 (Commission File Number) (I.R.S. Employer Identification No.) 4951 Lake Brook Drive 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~~July 25, 2003. 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 National Trust Company, not in its individual capacity, but solely as a duly authorized agent of the Registrant pursuant to the Pooling and Servicing Agreement, dated as of March 1,2003.. Date: ~~Jul~~Aug 0201, 2003 By: /s/ ~~David~~Katherine CoM. ~~David~~Wannenmacher CoKatherine M. Wannenmacher Vice President EXHIBIT INDEX DOCUMENT Monthly Remittance Statement to the Certificateholders dated as of ~~June~~July 25, 2003.

	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	June 25, 2003 Distribution
	July 25, 2003 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 Rowe
				Direct Phone Number: (714)247-6284
				Address: Deutsche Bank
				1761 E. St. Andrew Place, Santa Ana, CA 92705
				Web Site: https://www.corporatetrust.db.com/invr
				Factor Information: (800) 735-7777
				Main Phone Number: (714) 247-6000
ISSUANCE INFORMATION
	Seller:		Saxon					Cut-Off Date: March 1, 2003
	Certificate Insurer(s):							Closing Date: March 6, 2003
								First Payment Date: April 25, 2003
	Servicer(s):		Saxon Mortgage Services, Inc. Master Servicer
								Distribution Date: June 25, 2003
								Distribution Date: July 25, 2003
	Underwriter(s):		Greenwich Capital Markets Lead Underwriter					Record Date: ~~June~~July 24, 2003
			CS First Boston Underwriter					~~May~~June 30, 2003
			J. P. Morgan Underwriter
			Merrill Lynch & Co. Underwriter
						Page 1 of 27					© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	REMIC V Series 2003-1
	Certificate Payment Report for June 25, 2003 Distribution
	Certificate Payment Report for July 25, 2003 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	84,500,000.00			7976,~~334~~701,~~509~~977.1499	9072,~~716~~526.4736	2,~~632~~571,~~531~~458.1533	2,~~723~~643,~~247~~984.6269	-	-	7674,~~701~~130,~~977~~519.9966
AF-2	AFC	30,750,000.00			30,750,000.00	61,~~221~~226.2208	-	61,~~221~~226.2208	-	-	30,750,000.00
AF-3	AFC	37,750,000.00			37,750,000.00	91,~~824~~831.5482	-	91,~~824~~831.5482	-	-	37,750,000.00
AF-4	AFC	22,200,000.00			22,200,000.00	73,~~233~~238.0586	-	73,~~233~~238.0586	-	-	22,200,000.00
AF-5	STEP	28,714,000.00			28,714,000.00	118,~~521~~530.2768	-	118,~~521~~530.2768	-	-	28,714,000.00
AF-6	STEP	17,000,000.00			17,000,000.00	60,~~823~~828.4527	-	60,~~823~~828.4527	-	-	17,000,000.00
AF-7	STEP	50,000,000.00			48,~~830~~235,~~881~~054.9783	~~143~~142,~~754~~011.0425	~~595~~582,~~827~~004.1438	~~739~~724,~~581~~015.1863	-	-	4847,~~235~~653,~~054~~050.8345
AV-1	FLT	181,418,000.00			~~176~~172,~~644~~563,~~182~~128.8534	~~231~~193,~~943~~414.6351	4,~~081~~997,~~054~~237.5183	45,~~312~~190,~~998~~652.1434	-	-	~~172~~167,~~563~~565,~~128~~890.3451
AV-2	FLT	181,418,000.00			~~173~~167,~~081~~982,~~194~~111.4962	~~228~~189,~~659~~679.4980	5,~~099~~324,~~082~~695.8745	5,~~327~~514,~~742~~375.3625	-	-	~~167~~162,~~982~~657,~~111~~416.6217
AF-IO	IO	-			-	~~343~~342,~~251~~068.5976	-	~~343~~342,~~251~~068.5976	-	-	-
AV-IO	IO	-			-	~~460~~458,~~235~~886.0025	-	~~460~~458,~~235~~886.0025	-	-	-
S	IO	-			-	5102,~~858~~916.9411	-	5102,~~858~~916.9411	-	-	-
M-1	MEZ	45,000,000.00			45,000,000.00	7365,~~198~~043.0673	-	7365,~~198~~043.0673	-	-	45,000,000.00
M-2	MEZ	39,375,000.00			39,375,000.00	9589,~~755~~716.3929	-	9589,~~755~~716.3929	-	-	39,375,000.00
M-3	MEZ	11,250,000.00			11,250,000.00	3433,~~606~~131.0107	-	3433,~~606~~131.0107	-	-	11,250,000.00
BF	SUB	15,625,000.00			15,625,000.00	78,~~096~~102.2646	-	78,~~096~~102.2646	-	-	15,625,000.00
BV	SUB	5,000,000.00			5,000,000.00	1918,~~406~~890.7538	-	1918,~~406~~890.7538	-	-	5,000,000.00
C	SUB	-			-	-	-	-	-	-	-
P	SUB	-			-	5180,~~793~~330.0480	-	5180,~~793~~330.0480	-	-	-
R	R	-			-	-	-	-	-	-	-
Total		750,000,000.00			~~730~~718,~~554~~146,~~768~~272.4578	2,~~262~~272,~~898~~373.2048	1213,~~408~~475,~~495~~395.6799	1415,~~671~~747,~~393~~769.8747	-	-	~~718~~704,~~146~~670,~~272~~876.7879
Non-Delay Certificates Record Date: 6/24/03
Non-Delay Certificates Record Date: 7/24/03
	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	0506/2725/03	0607/24/03		A-Act/360	805564MP3	84,500,000.00	~~938~~907.~~869931~~715716	10.~~073568~~858300	3130.~~154215~~431460	3231.~~227782~~289760	~~907~~877.~~715716~~284256
AF-2				F-30/360	805564MQ1	30,750,000.00	1,000.000000	1.~~990934~~991092	-	1.~~990934~~991092	1,000.000000
AF-3				F-30/360	805564MR9	37,750,000.00	1,000.000000	2.~~432438~~432631	-	2.~~432438~~432631	1,000.000000
AF-4				F-30/360	805564MS7	22,200,000.00	1,000.000000	3.~~298786~~299048	-	3.~~298786~~299048	1,000.000000
AF-5				F-30/360	805564MT5	28,714,000.00	1,000.000000	4.~~127647~~127975	-	4.~~127647~~127975	1,000.000000
AF-6				F-30/360	805564MU2	17,000,000.00	1,000.000000	3.~~577850~~578134	-	3.~~577850~~578134	1,000.000000
AF-7				F-30/360	805564MV0	50,000,000.00	~~976~~964.~~617639~~701097	2.~~875081~~840225	11.~~916543~~640088	14.~~791624~~480313	~~964~~953.~~701097~~061009
AV-1	0506/2725/03	0607/24/03		A-Act/360	805564MW8	181,418,000.00	~~973~~951.~~686089~~190777	1.~~278504~~066126	2227.~~495312~~545436	2328.~~773816~~611562	~~951~~923.~~190777~~645341
AV-2	0506/2725/03	0607/24/03		A-Act/360	805564MX6	181,418,000.00	~~954~~925.~~046426~~939607	1.~~260401~~045540	2829.~~106819~~350425	2930.~~367220~~395965	~~925~~896.~~939607~~589182
AF-IO				F-30/360	805564MY4	99,770,000.00	~~995~~991.~~188935~~680866	3.~~440429~~428573	-	3.~~440429~~428573	~~991~~987.~~680866~~170492
AV-IO				F-30/360	805564MZ1	133,610,000.00	~~996~~993.~~033231~~114288	3.~~444615~~434520	-	3.~~444615~~434520	~~993~~988.~~114288~~997830
S	0506/2725/03	0607/24/03		A-Act/360	805564NA5	424,200,251.00	~~979~~962.~~749271~~428175	0.~~013812~~242612	-	0.~~013812~~242612	~~962~~942.~~428175~~583917
M-1	0506/2725/03	0607/24/03		A-Act/360	805564NB3	45,000,000.00	1,000.000000	1.~~626624~~445416	-	1.~~626624~~445416	1,000.000000
M-2	0506/2725/03	0607/24/03		A-Act/360	805564NC1	39,375,000.00	1,000.000000	2.~~431883~~278509	-	2.~~431883~~278509	1,000.000000
M-3	0506/2725/03	0607/24/03		A-Act/360	805564ND9	11,250,000.00	1,000.000000	32.~~076090~~944984	-	32.~~076090~~944984	1,000.000000
BF				F-30/360	805564NE7	15,625,000.00	1,000.000000	4.~~998161~~998557	-	4.~~998161~~998557	1,000.000000
BV	0506/2725/03	0607/24/03		A-Act/360	805564NF4	5,000,000.00	1,000.000000	3.~~881350~~778076	-	3.~~881350~~778076	1,000.000000
C				A-30/360		750,000,000.00	~~978~~965.~~663049~~420115	-	-	-	~~965~~950.~~420115~~763186
P				-		-	-	-	-	-	-
R				-		-	-	-	-	-	-
							Page 2 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	REMIC V Series 2003-1
	Certificate Payment Report for June 25, 2003 Distribution
	Certificate Payment Report for July 25, 2003 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	84,500,000.00		~~361~~433,~~333~~859.2763		69,~~827~~050,~~590~~480.5064	~~970~~1,~~431~~318,999.5170	710,~~798~~369,~~022~~480.0134	810,~~159~~803,~~355~~339.2897	-	-	7674,~~701~~130,~~977~~519.9966
AF-2	30,750,000.00		~~183~~244,~~676~~903.9604		-	-	-	~~183~~244,~~676~~903.9604	-	-	30,750,000.00
AF-3	37,750,000.00		~~275~~367,~~493~~325.5638		-	-	-	~~275~~367,~~493~~325.5638	-	-	37,750,000.00
AF-4	22,200,000.00		~~219~~292,~~715~~953.0591		-	-	-	~~219~~292,~~715~~953.0591	-	-	22,200,000.00
AF-5	28,714,000.00		~~355~~474,~~593~~123.2391		-	-	-	~~355~~474,~~593~~123.2391	-	-	28,714,000.00
AF-6	17,000,000.00		~~182~~243,~~483~~311.5582		-	-	-	~~182~~243,~~483~~311.5582	-	-	17,000,000.00
AF-7	50,000,000.00		~~436~~578,~~056~~067.1035		12,~~764~~346,~~945~~949.1857	-	12,~~764~~346,~~945~~949.1755	2,~~201~~925,~~001~~016.2790	-	-	4847,~~235~~653,~~054~~050.8345
AV-1	181,418,000.00		~~904~~1,~~799~~098,213.4899		813,~~452~~308,~~228~~233.5289	~~402~~543,~~643~~875.1460	813,~~854~~852,~~871~~109.6649	914,~~759~~950,~~671~~323.1448	-	-	~~172~~167,~~563~~565,~~128~~890.3451
AV-2	181,418,000.00		~~905~~1,~~449~~095,129.6141		1318,~~024~~205,~~097~~758.7335	~~411~~554,~~790~~825.6548	1318,~~435~~760,~~888~~583.3883	1419,~~341~~855,~~337~~713.9924	-	-	~~167~~162,~~982~~657,~~111~~416.6217
AF-IO	-		1,~~032~~374,~~526~~594.1692		-	-	-	1,~~032~~374,~~526~~594.1692	-	-	-
AV-IO	-		1,~~383~~842,~~679~~565.1742		-	-	-	1,~~383~~842,~~679~~565.1742	-	-	-
S	-		15118,~~728~~644.7889		-	-	-	15118,~~728~~644.7889	-	-	-
M-1	45,000,000.00		~~280~~345,~~937~~981.2801		-	-	-	~~280~~345,~~937~~981.2801	-	-	45,000,000.00
M-2	39,375,000.00		~~367~~456,~~194~~910.0130		-	-	-	~~367~~456,~~194~~910.0130	-	-	39,375,000.00
M-3	11,250,000.00		~~132~~165,~~657~~788.7380		-	-	-	~~132~~165,~~657~~788.7380	-	-	11,250,000.00
BF	15,625,000.00		~~234~~312,~~309~~412.7016		-	-	-	~~234~~312,~~309~~412.7016	-	-	15,625,000.00
BV	5,000,000.00		7493,~~372~~263.9735		-	-	-	7493,~~372~~263.9735	-	-	5,000,000.00
C	-		-		-	-	-	-	-	-	-
P	-		~~131~~211,~~104~~435.5030		-	-	-	~~131~~211,~~104~~435.5030	-	-	-
R	-		-		-	-	-	-	-	-	-
Total	750,000,000.00		79,~~477~~749,~~111~~484.1159		3042,~~068~~911,~~861~~422.9345	12,~~784~~417,~~865~~700.3078	3145,~~853~~329,~~727~~123.2221	3955,~~330~~078,~~838~~607.3380	-	-	~~718~~704,~~146~~670,~~272~~876.7879
	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.~~42000~~13500%	7976,~~334~~701,~~509~~977.1499			9072,~~716~~526.4736	-	-	-	9072,~~716~~526.4736	9072,~~716~~526.4736	-
AF-2	2.39000%	30,750,000.00			61,~~221~~226.2208	-	-	-	61,~~221~~226.2208	61,~~221~~226.2208	-
AF-3	2.92000%	37,750,000.00			91,~~824~~831.5482	-	-	-	91,~~824~~831.5482	91,~~824~~831.5482	-
AF-4	3.96000%	22,200,000.00			73,~~233~~238.0586	-	-	-	73,~~233~~238.0586	73,~~233~~238.0586	-
AF-5	4.95500%	28,714,000.00			118,~~521~~530.2768	-	-	-	118,~~521~~530.2768	118,~~521~~530.2768	-
AF-6	4.29500%	17,000,000.00			60,~~823~~828.4527	-	-	-	60,~~823~~828.4527	60,~~823~~828.4527	-
AF-7	3.53400%	48,~~830~~235,~~881~~054.9783			~~143~~142,~~754~~011.0425	-	-	-	~~143~~142,~~754~~011.0425	~~143~~142,~~754~~011.0425	-
AV-1	1.~~63000~~34500%	~~176~~172,~~644~~563,~~182~~128.8534			~~231~~193,~~943~~414.6351	-	-	-	~~231~~193,~~943~~414.6351	~~231~~193,~~943~~414.6351	-
AV-2	1.~~64000~~35500%	~~173~~167,~~081~~982,~~194~~111.4962			~~228~~189,~~659~~679.4980	-	-	-	~~228~~189,~~659~~679.4980	~~228~~189,~~659~~679.4980	-
AF-IO	4.15000%	9998,~~290~~940,000.00			~~343~~342,~~251~~068.5976	-	-	-	~~343~~342,~~251~~068.5976	~~343~~342,~~251~~068.5976	-
AV-IO	4.15000%	~~133~~132,~~080~~690,000.00			~~460~~458,~~235~~886.0025	-	-	-	~~460~~458,~~235~~886.0025	~~460~~458,~~235~~886.0025	-
S	0.~~01750~~30250%	~~415~~408,~~609~~262,~~886~~273.5461			5102,~~858~~916.9411	-	-	-	5102,~~858~~916.9411	5102,~~858~~916.9411	-
M-1	21.~~02000~~73500%	45,000,000.00			7365,~~198~~043.0673	-	-	-	7365,~~198~~043.0673	7365,~~198~~043.0673	-
M-2	32.~~02000~~73500%	39,375,000.00			9589,~~755~~716.3929	-	-	-	9589,~~755~~716.3929	9589,~~755~~716.3929	-
M-3	3.~~82000~~53500%	11,250,000.00			3433,~~606~~131.0107	-	-	-	3433,~~606~~131.0107	3433,~~606~~131.0107	-
BF	6.00000%	15,625,000.00			78,~~096~~102.2646	-	-	-	78,~~096~~102.2646	78,~~096~~102.2646	-
BV	4.~~82000~~53500%	5,000,000.00			1918,~~406~~890.7538	-	-	-	1918,~~406~~890.7538	1918,~~406~~890.7538	-
C	4.~~04845~~11460%	~~733~~724,~~997~~065,~~286~~086.4133			-	-	35,~~442~~918,~~517~~813.9656	-	-	-	58,~~918~~401,~~813~~513.5600
P		-			5180,~~793~~330.0480	-	-	-	5180,~~793~~330.0480	5180,~~793~~330.0480	-
R		-			-	-	-	-	-	-	-
Total		2,~~112~~082,~~531~~103,~~941~~632.4072			2,~~262~~272,~~898~~373.2047	-	35,~~442~~918,~~517~~813.9656	-	2,~~262~~272,~~898~~373.2047	2,~~262~~272,~~898~~373.2048	58,~~918~~401,~~813~~513.5600
See page 26 for Optimal Pass-Through Rate
							Page 3 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Collection Account Report for June 25, 2003 Distribution
	Collection Account Report for July 25, 2003 Distribution
	Collection Account Report
SUMMARY					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Principal Collections				4,~~078~~343,~~820~~676.9054	34,~~264~~076,~~487~~549.1352	2,~~582~~572,~~404~~470.6450	910,~~925~~992,~~712~~696.6756
	Principal Withdrawals				0.00	0.00	0.00	0.00
	Principal Other Accounts				0.00	0.00	0.00	0.00
	TOTAL NET PRINCIPAL				4,~~078~~343,~~820~~676.9054	34,~~264~~076,~~487~~549.1352	2,~~582~~572,~~404~~470.6450	910,~~925~~992,~~712~~696.6756
	Interest Collections				1,~~414~~433,~~430~~464.9232	1,~~480~~484,~~146~~440.8759	2,~~035~~011,~~040~~831.2805	4,929,~~618~~735.0796
	Interest Withdrawals				0.00	0.00	0.00	0.00
	Interest Other Accounts				0.00	0.00	0.00	0.00
	Interest Fees				(4846,~~949~~199.5932)	(5047,~~728~~598.3940)	(8480,~~258~~865.8833)	(~~183~~174,~~936~~663.8605)
	TOTAL NET INTEREST				1,~~365~~387,~~481~~265.3300	1,~~429~~436,~~418~~842.4819	1,~~950~~930,~~781~~965.4072	4,~~745~~755,~~681~~072.2191
	TOTAL AVAILABLE FUNDS TO BONDHOLDERS				5,~~444~~730,~~302~~941.2354	45,~~693~~513,~~905~~391.6171	4,~~533~~503,~~186~~436.0422	1415,~~671~~747,~~393~~769.8847
PRINCIPAL - COLLECTIONS					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Scheduled Principal				~~144~~143,~~285~~034.3883	~~142~~141,~~731~~232.8446	~~349~~348,~~297~~568.5918	~~636~~632,~~314~~835.8147
	Curtailments				354,~~551~~289.2530	187,~~415~~201.2679	3325,~~336~~016.3285	8736,~~302~~507.8394
	Prepayments in Full				34,~~654~~196,~~890~~352.3941	3,~~103~~928,~~340~~115.0327	2,~~199~~198,~~770~~885.7347	810,~~958~~323,~~001~~353.15
	Repurchases/Substitutions Shortfalls				0.00	0.00	0.00	0.00
	Liquidations				~~250,581~~0.2900	0.00	0.00	~~250,581~~0.2900
	Insurance Principal				0.00	0.00	0.00	0.00
	Other Additional Principal				0.00	0.00	0.00	0.00
	Delinquent Principal				(3034,~~283~~987.7581)	(2532,~~803~~203.8355)	(2938,~~244~~619.4351)	(85105,~~332~~810.0187)
	Advanced Principal				3034,~~283~~987.7581	2532,~~803~~203.8355	2938,~~244~~619.4351	85105,~~332~~810.0187
	Realized Losses				~~(6,487~~0.~~41)~~00	0.00	0.00	~~(6,487~~0.~~41)~~00
	TOTAL PRINCIPAL COLLECTED				4,~~078~~343,~~820~~676.9054	34,~~264~~076,~~487~~549.1352	2,~~582~~572,~~404~~470.6450	910,~~925~~992,~~712~~696.6756
				Page 4 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Collection Account Report for June 25, 2003 Distribution
	Collection Account Report for July 25, 2003 Distribution
	Collection Account Report
PRINCIPAL - WITHDRAWALS					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS					ADJUSTABLE	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					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Scheduled Interest				1,~~387~~362,~~403~~266.9455	1,~~439~~417,~~825~~338.7663	21,~~003~~986,~~127~~186.7735	4,~~830~~765,~~357~~791.4753
	Repurchases/Substitutions				0.00	0.00	0.00	0.00
	Liquidations				~~1,983~~0.7700	0.00	0.00	~~1,983~~0.7700
	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)				(~~2,117~~785.6791)	(1,~~642~~771.7664)	(~~518~~1,028.0005)	(43,~~278~~585.4360)
	Delinquent Interest				(~~330~~371,~~717~~525.4225)	(~~318~~376,~~058~~259.0002)	(~~214~~285,~~363~~675.7039)	(~~863~~1,~~139~~033,459.1266)
	Realized Losses				~~(1,587~~0.~~39)~~00	0.00	0.00	~~(1,587~~0.~~39)~~00
	Compensating Month End Interest				~~2,117~~785.6791	1,~~642~~771.7664	~~518~~1,028.0005	43,~~278~~585.4360
	Other Interest Shortfall (Relief Act)				0.00	0.00	(~~472~~359.7098)	(~~472~~359.7098)
	Non Recoverable Advance				0.00	0.00	0.00	0.00
	Interest Advanced				~~319~~358,~~003~~252.4657	~~307~~363,~~323~~347.9713	~~206~~275,~~666~~337.0136	~~832~~996,~~993~~937.4406
	Prepayment Penalties				3884,~~344~~470.5645	5180,~~055~~013.1485	4036,~~082~~342.9071	~~129~~200,~~482~~827.6001
	TOTAL INTEREST COLLECTED				1,~~414~~433,~~430~~464.9232	1,~~480~~484,~~146~~440.8759	2,~~035~~011,~~040~~831.2805	4,929,~~618~~735.0796
				Page 5 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Collection Account Report for June 25, 2003 Distribution
	Collection Account Report for July 25, 2003 Distribution
	Collection Account Report
INTEREST - WITHDRAWALS					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
SPACE INTENTIONALLY LEFT BLANK
INTEREST - OTHER ACCOUNTS					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	TOTAL OTHER ACCOUNT INTEREST				0.00	0.00	0.00	0.00
INTEREST - FEES					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Current Servicing Fees				4037,~~283~~703.3732	4138,~~948~~954.0407	7167,~~122~~836.2328	~~153~~144,~~353~~493.6467
	Master Servicing Fee				8,~~666~~496.2200	8,~~780~~644.3533	13,~~136~~029.6505	30,~~583~~169.2238
	TOTAL INTEREST OTHER FEES				4846,~~949~~199.5932	5047,~~728~~598.3940	8480,~~258~~865.8833	~~183~~174,~~936~~663.8605
				Page 6 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Credit Enhancement Report for June 25, 2003 Distribution
	Credit Enhancement Report for July 25, 2003 Distribution
	Credit Enhancement Report
ACCOUNTS					ADJUSTABLE	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)							0.00
INSURANCE					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Extra Principal Distribution Amt				1981,~~020,261~~018.9791	~~816~~920,~~567~~688.3831	~~645~~580,~~953~~992.6521	2,482,~~783~~699.0043
	Overcollateralization Amount							58,~~918~~401,~~813~~512.5598
	Overcollateralization Requirement							20,250,000.00
	Overcollateralization Release Amount				0.00	0.00	0.00	0.00
				Page 7 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Collateral Report for June 25, 2003 Distribution
	Collateral Report for July 25, 2003 Distribution
	Collateral Report
COLLATERAL					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Loan Count:
	Original				810	1268	1772	3850
	Prior				~~992~~979	1,~~519~~503	2,~~308~~291	4,~~819~~773
	Prefunding				-	-	-	-
	Scheduled Paid Offs				-	-	-	-
	Full Voluntary Prepayments				(1218)	(1626)	(1721)	(4565)
	Repurchases				-	-	-	-
	Liquidations				~~(1)~~-	-	-	~~(1)~~-
	Current				~~979~~961	1,~~503~~477	2,~~291~~270	4,~~773~~708
	Principal Balance:
	Original				176,407,451.27	176,407,449.58	249,395,711.23	602,210,612.08
	Prior				~~207~~203,~~989~~903,~~301~~993.8554	~~210~~207,~~728~~463,~~313~~825.0794	~~315~~312,~~279~~697,~~671~~266.4985	~~733~~724,~~997~~065,~~286~~086.4133
	Prefunding				-	-	-	-
	Scheduled Principal				(~~144~~143,~~285~~034.3883)	(~~142~~141,~~731~~232.8446)	(~~349~~348,~~297~~568.5918)	(~~636~~632,~~314~~835.8147)
	Partial and Full Voluntary Prepayments				(34,~~690~~200,~~441~~641.6471)	(3,~~121~~935,~~755~~317.2906)	(2,~~233~~223,~~107~~902.0532)	(910,~~045~~359,~~303~~861.9809)
	Repurchases				-	-	-	-
	Liquidations				~~(250,581.29)~~-	-	-	~~(250,581.29)~~-
	Current				~~203~~199,~~903~~560,~~993~~317.5400	~~207~~203,~~463~~387,~~825~~276.9442	~~312~~310,~~697~~124,~~266~~796.8535	~~724~~713,~~065~~072,~~086~~389.3377
PREFUNDING					ADJUSTABLE	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		Adjustable
	Adjustable
Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)
				Page 8 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Collateral Report for June 25, 2003 Distribution
	Collateral Report for July 25, 2003 Distribution
	Collateral Report
CHARACTERISTICS					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Weighted Average Coupon Original				8.030156%	8.234141%	7.581514%	7.904112%
	Weighted Average Coupon Prior				8.~~019272~~016111%	8.~~200489~~199140%	7.~~620675~~624194%	7.~~900769~~900315%
	Weighted Average Coupon Current				8.~~016111~~017106%	8.~~199140~~198086%	7.~~624194~~622144%	7.~~900315~~898392%
	Weighted Average Months to Maturity Original				357	357	308	337
	Weighted Average Months to Maturity Prior				~~356~~355	~~356~~355	~~309~~308	~~336~~335
	Weighted Average Months to Maturity Current				~~355~~354	~~355~~354	~~308~~307	~~335~~334
	Weighted Avg Remaining Amortization Term Original				357	356	325	344
	Weighted Avg Remaining Amortization Term Prior				~~356~~355	~~356~~355	~~325~~324	~~343~~342
	Weighted Avg Remaining Amortization Term Current				~~355~~354	~~355~~354	~~324~~323	~~342~~341
	Weighted Average Seasoning Original				3.43	3.69	3.16	3.39
	Weighted Average Seasoning Prior				45.0401	45.1916	34.6461	34.9188
	Weighted Average Seasoning Current				5.0198	56.1614	45.6160	45.8886
Note: Original information refers to deal issue.
	Fixed		Adjustable
	Adjustable
WAC by Groups					Total WAC
WARAT by Groups					Total WARAT
Note: Dates correspond to distribution dates.
				Page 9 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Collateral Report for June 25, 2003 Distribution
	Collateral Report for July 25, 2003 Distribution
	Collateral Report
ARM CHARACTERISTICS					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Weighted Average Margin Original				6.000%	5.790%
	Weighted Average Margin Prior				6.000%	5.~~733~~728%
	Weighted Average Margin Current				6.000%	5.~~728~~725%
	Weighted Average Max Rate Original				15.000%	14.820%
	Weighted Average Max Rate Prior				15.000%	14.~~763~~757%	7.~~625~~624%
	Weighted Average Max Rate Current				15.000%	14.~~757~~754%	7.~~624~~622%
	Weighted Average Min Rate Original				7.000%	7.440%
	Weighted Average Min Rate Prior				7.000%	7.~~376~~369%	7.~~625~~624%
	Weighted Average Min Rate Current				7.000%	7.~~369~~370%	7.~~624~~622%
	Weighted Average Cap Up Original				1.000%	1.028%
	Weighted Average Cap Up Prior				1.000%	1.026%
	Weighted Average Cap Up Current				1.000%	1.~~026~~025%
	Weighted Average Cap Down Original				1.000%	1.028%
	Weighted Average Cap Down Prior				1.000%	1.026%
	Weighted Average Cap Down Current				1.000%	1.~~026~~025%
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Current Servicing Fees				4037,~~283~~703.3732	4138,~~948~~954.0407	7167,~~122~~836.2328	~~153~~144,~~353~~493.6467
	Delinquent Servicing Fees				1113,~~713~~272.9668	1012,~~734~~911.0388	710,~~697~~338.6904	3036,~~145~~522.6860
	Master Servicing Fees				8,~~666~~496.2200	8,~~780~~644.3533	13,~~136~~029.6505	30,~~583~~169.2238
	TOTAL SERVICING FEES				6059,~~663~~472.5500	6160,~~462~~510.4228	91,~~956~~203.5737	~~214~~211,~~082~~185.5465
	Total Servicing Fees				6059,~~663~~472.5500	6160,~~462~~510.4228	91,~~956~~203.5737	~~214~~211,~~082~~185.5465
	Compensating Month End Interest				~~2,117~~785.6791	1,~~642~~771.7664	~~518~~1,028.0005	43,~~278~~585.4360
	Delinquent Servicing Fees				(1113,~~713~~272.9668)	(1012,~~734~~911.0388)	(710,~~697~~338.6904)	(3036,~~145~~522.6860)
	COLLECTED SERVICING FEES				5146,~~067~~985.2623	5249,~~371~~370.1504	8481,~~776~~893.8838	~~188~~178,~~215~~248.2965
	Prepayment Interest Shortfall				~~2,117~~785.6791	1,~~642~~771.7664	~~518~~1,028.0005	43,~~278~~585.4360
	Total Advanced Interest				~~319~~358,~~003~~252.4657	~~307~~363,~~323~~347.9713	~~206~~275,~~666~~337.0136	~~832~~996,~~993~~937.4406
ADDITIONAL COLLATERAL INFORMATION					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Weighted Average Net Rate				7.~~656952~~667106%	7.~~849140~~848086%	7.~~272395~~270763%	7.~~546947~~547795%
	Largest Loan Balance				1,~~576~~575,~~030~~020.4670	394,~~528~~373.3162	1,~~122~~121,~~544~~919.4138	1,~~122~~121,~~544~~919.4138
	Next One-Month LIBOR							1.~~035000~~100000%
	Current One-Month LIBOR							1.~~320000~~035000%
				Page 10 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Delinquency Report for June 25, 2003 Distribution
	Delinquency Report for July 25, 2003 Distribution
	Delinquency Report - Total
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			1520,~~892~~475,~~913~~356.3686	45,~~498~~924,~~690~~452.3046	1,~~089~~292,~~359~~798.9549	2127,~~480~~692,~~963~~607.6181
		% Balance			2.1987%	0.6283%	0.1518%	23.9788%
		# Loans			~~112~~138	3033	710	~~149~~181
		% # Loans			2.3593%	0.6370%	0.1521%	3.1284%
FORECLOSURE		Balance		-219,866.05	~~254,462.96~~-	3304,~~338,545~~970.2608	-4,718,174.71	35,~~593~~243,~~008~~010.2284
		% Balance		0.0003%	0.0400%	0.4604%	0.0066%	0.5074%
		# Loans		-1	2-	133	-23	1527
		% # Loans		0.0002%	0.0400%	0.2706%	0.0049%	0.3157%
BANKRUPTCY		Balance		1,~~439~~746,~~853~~367.5831	~~326~~109,~~343~~678.8792	65391,~~507~~546.6628	-	12,~~831~~247,~~705~~592.1151
		% Balance		0.2024%	0.0502%	0.0105%	0.00%	0.2532%
		# Loans		1011	1	12	-	1214
		% # Loans		0.2123%	0.02%	0.0204%	0.00%	0.2530%
REO		Balance		-	-	~~69,813.52~~-	-707,738.56	69707,~~813~~738.5256
		% Balance		0.00%	0.00%	0.0100%	0.0010%	0.0110%
		# Loans		-	-	1-	-3	13
		% # Loans		0.00%	0.00%	0.0200%	0.0006%	0.0206%
TOTAL		Balance		1,~~439~~966,~~853~~233.5836	1620,~~473~~585,~~720~~035.1978	76,~~972~~620,~~556~~968.7482	16,~~089~~718,~~359~~711.9576	2635,~~975~~890,~~490~~949.4672
		% Balance		0.2028%	2.2889%	10.1093%	0.1594%	35.7303%
		# Loans		1012	~~115~~139	4538	736	~~177~~225
		% # Loans		0.2125%	2.4195%	0.9481%	0.1576%	34.7178%
Note: <1 Payment = 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 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Delinquency Report for June 25, 2003 Distribution
	Delinquency Report for July 25, 2003 Distribution
	Delinquency Report - Fixed Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			35,~~503~~795,~~627~~420.7086	~~355~~639,~~416~~173.8044	~~227~~254,~~772~~944.3481	46,~~086~~689,~~816~~539.8411
		% Balance			1.1287%	0.1121%	0.0708%	12.3116%
		# Loans			3540	47	3	4250
		% # Loans			1.5376%	0.1731%	0.13%	12.8320%
FORECLOSURE		Balance		-	-	~~188~~50,~~671~~675.3377	-411,205.28	~~188~~461,~~671~~881.3305
		% Balance		0.00%	0.00%	0.0602%	0.0013%	0.0615%
		# Loans		-	-	31	-5	36
		% # Loans		0.00%	0.00%	0.1304%	0.0022%	0.1326%
BANKRUPTCY		Balance		~~534~~384,~~857~~895.3496	-	-	-	~~534~~384,~~857~~895.3496
		% Balance		0.1712%	0.00%	0.00%	0.00%	0.1712%
		# Loans		3	-	-	-	3
		% # Loans		0.13%	0.00%	0.00%	0.00%	0.13%
REO		Balance		-	-	-	-52,863.82	-52,863.82
		% Balance		0.00%	0.00%	0.00%	0.0002%	0.0002%
		# Loans		-	-	-	-1	-1
		% # Loans		0.00%	0.00%	0.00%	0.0004%	0.0004%
TOTAL		Balance		~~534~~384,~~857~~895.3496	35,~~503~~795,~~627~~420.7086	~~544~~689,~~088~~849.1321	~~227~~719,~~772~~013.3491	47,~~810~~589,~~345~~179.5194
		% Balance		0.1712%	1.1287%	0.1722%	0.0723%	12.5445%
		# Loans		3	3540	78	39	4860
		% # Loans		0.13%	1.5376%	0.3135%	0.1340%	2.1064%
Note: <1 Payment = 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 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Delinquency Report for June 25, 2003 Distribution
	Delinquency Report for July 25, 2003 Distribution
	Delinquency Report - Adjustable Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			68,~~914~~927,~~030~~158.6277	2,~~814~~171,~~752~~378.6612	~~397~~752,~~723~~852.4295	1011,~~126~~851,~~506~~389.7084
		% Balance			34.3339%	1.3607%	0.1937%	45.8883%
		# Loans			5569	2017	25	7791
		% # Loans			34.6667%	1.3315%	0.1334%	56.1216%
FORECLOSURE		Balance		-219,866.05	~~254,462.96~~-	~~462~~254,~~071~~294.5831	-1,267,134.83	~~716~~1,~~534~~741,295.5419
		% Balance		0.0011%	0.1200%	0.2213%	0.0062%	0.3586%
		# Loans		-1	2-	42	-10	613
		% # Loans		0.0007%	0.1300%	0.2714%	0.0068%	0.4088%
BANKRUPTCY		Balance		~~819~~853,~~936~~063.5545	-109,678.92	-	-	~~819~~962,~~936~~742.5537
		% Balance		0.4042%	0.0005%	0.00%	0.00%	0.4047%
		# Loans		6	-1	-	-	67
		% # Loans		0.4041%	0.0007%	0.00%	0.00%	0.4047%
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		~~819~~1,~~936~~072,929.5550	79,~~168~~036,~~493~~837.5869	32,~~276~~425,~~824~~672.2443	~~397~~2,~~723~~019,987.4278	1114,~~662~~555,~~977~~427.7940
		% Balance		0.4053%	34.4644%	1.5819%	0.1999%	57.6216%
		# Loans		67	5770	2419	215	89111
		% # Loans		0.4047%	34.7974%	1.6029%	01.1302%	57.9252%
Note: <1 Payment = 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 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Delinquency Report for June 25, 2003 Distribution
	Delinquency Report for July 25, 2003 Distribution
	Delinquency Report - Adjustable Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			5,~~475~~752,~~255~~777.0423	13,~~328~~113,~~520~~900.8490	~~463~~285,~~864~~000.1973	79,~~267~~151,~~640~~678.0786
		% Balance			2.6988%	01.6556%	0.2314%	34.5659%
		# Loans			2229	69	2	3040
		% # Loans			23.2502%	0.6194%	0.2021%	34.0616%
FORECLOSURE		Balance		-	-	~~2,687,802.35~~-	-3,039,834.60	23,~~687~~039,~~802~~834.3560
		% Balance		0.00%	0.00%	10.3200%	01.0052%	1.3252%
		# Loans		-	-	6-	-8	68
		% # Loans		0.00%	0.00%	0.6100%	0.0083%	0.6183%
BANKRUPTCY		Balance		85508,~~059~~407.6990	~~326,343.87~~-	65391,~~507~~546.6628	-	~~476~~899,~~911~~954.2218
		% Balance		0.0425%	0.1600%	0.0320%	0.00%	0.2345%
		# Loans		12	1-	12	-	34
		% # Loans		0.1021%	0.1000%	0.1021%	0.00%	0.3142%
REO		Balance		-	-	~~69,813.52~~-	-654,874.74	69654,~~813~~874.5274
		% Balance		0.00%	0.00%	0.0300%	0.0033%	0.0333%
		# Loans		-	-	1-	-2	12
		% # Loans		0.00%	0.00%	0.1000%	0.0021%	0.1021%
TOTAL		Balance		85508,~~059~~407.6990	5,~~801~~752,~~598~~777.9123	43,~~151~~505,~~644~~447.3718	~~463~~3,~~864~~979,710.1907	1013,~~502~~746,~~167~~342.1638
		% Balance		0.0425%	2.8588%	21.0476%	01.2399%	56.1589%
		# Loans		12	2329	1411	212	4054
		% # Loans		0.1021%	23.3502%	1.4314%	01.2025%	45.0962%
Note: <1 Payment = 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 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	REO Report for June 25, 2003 Distribution
	REO Report for July 25, 2003 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 Loan Count = 2				Loan Group 1 = Fixed Group; REO Book Value = Not Available
Total Original Principal Balance = 70,200.00				Loan Group 2 = Adjustable Group; REO Book Value = Not Available
Total Original Principal Balance = 642,000.00				Loan Group 2 = Adjustable Group; REO Book Value = Not Available
Total Current Balance = 69,813.52				Loan Group 3 = Adjustable Group; REO Book Value = Not Available
Total Current Balance = 637,974.81				Loan Group 3 = Adjustable 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
11537479 3		70,200.00	69,813.52	Mar-01-03	7.990%	MI - 90.00%	360	Sep-27-02
11544584 1		54,000.00	52,863.82	Mar-01-03	7.775%	TN - 80.00%	180	Nov-25-02
11530258 3		588,000.00	585,110.99	Mar-01-03	7.875%	CA - 80.00%	360	Nov-07-02
				Page 15 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Foreclosure Report for June 25, 2003 Distribution
	Foreclosure Report for July 25, 2003 Distribution
	Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution
SUMMARY				LOAN GROUP
Total Loan Count = 8				Loan Group 1 = Fixed Group
Total Loan Count = 14				Loan Group 1 = Fixed Group
Total Original Principal Balance = 2,200,045.00				Loan Group 2 = Adjustable Group
Total Original Principal Balance = 2,298,382.00				Loan Group 2 = Adjustable Group
Total Current Balance = 2,193,795.93				Loan Group 3 = Adjustable Group
Total Current Balance = 2,290,366.39				Loan Group 3 = Adjustable 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
11541406 1		64,000.00	63,886.83	Feb-12-03	11.980%	TN - 80.00%	360	Nov-06-02
11553042 1		50,750.00	50,675.77	Mar-16-03	11.990%	AR - 70.00%	360	Jan-10-03
11531728 2		55,245.00	55,033.06	Mar-04-03	10.500%	LA - 84.99%	360	Sep-30-02
11560803 1		109,500.00	109,102.67	Feb-01-03	7.675%	WA - 75.00%	360	Jan-10-03
11540489 2		75,200.00	74,853.92	Mar-01-03	8.875%	AZ - 80.00%	360	Sep-27-02
11563883 1		63,000.00	62,716.79	Feb-01-03	8.990%	WA - 64.29%	360	Oct-22-02
11540501 2		75,200.00	74,853.92	Mar-01-03	8.875%	AZ - 80.00%	360	Sep-27-02
11579903 1		104,000.00	103,813.25	Mar-01-03	9.990%	FL - 80.00%	360	Feb-26-03
11568837 2		200,000.00	199,429.90	Apr-01-03	7.750%	MS - 80.00%	360	Jan-29-03
11547065 2		77,250.00	77,128.26	Mar-01-03	11.650%	MI - 75.00%	360	Jan-07-03
11540470 3		75,200.00	74,853.92	Mar-01-03	8.875%	AZ - 80.00%	360	Sep-27-02
11548073 2		61,200.00	60,805.55	Mar-01-03	7.490%	IN - 80.00%	360	Oct-17-02
11540482 3		75,200.00	74,853.92	Mar-01-03	8.875%	AZ - 80.00%	360	Sep-27-02
11559744 2		221,400.00	219,866.05	Jun-01-03	7.990%	CA - 90.00%	360	Aug-19-02
11550032 3		1,580,000.00	1,576,030.46	Mar-01-03	8.375%	NJ - 56.43%	360	Jan-17-03
11562071 2		137,500.00	137,287.96	Mar-01-03	11.750%	CT - 79.94%	360	Jan-14-03
11565442 2		79,800.00	79,623.66	Mar-01-03	9.000%	VA - 70.00%	360	Feb-05-03
11565458 2		189,000.00	188,652.27	Mar-01-03	9.875%	NJ - 90.00%	360	Feb-14-03
11568228 2		262,982.00	261,792.52	Mar-01-03	7.500%	CA - 79.95%	360	Dec-17-02
11540049 3		142,500.00	141,952.74	Mar-01-03	9.750%	MS - 95.00%	360	Oct-31-02
11561673 3		130,500.00	130,055.43	Mar-01-03	7.990%	AZ - 90.00%	360	Jan-08-03
11567097 3		669,000.00	666,893.47	Mar-01-03	7.250%	MD - 49.96%	360	Feb-21-03
				Page 16 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Prepayment Report for June 25, 2003 Distribution
	Prepayment Report for July 25, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Current
	Number of Paid in Full Loans				1218	1626	1721	4565
	Number of Repurchased Loans				-	-	-	-
	Total Number of Loans Prepaid in Full				1218	1626	1721	4565
	Paid in Full Balance				34,~~654~~196,~~890~~352.3941	3,~~103~~928,~~340~~115.0327	2,~~199~~198,~~770~~885.7347	810,~~958~~323,~~001~~353.15
	Repurchased Loans Balance				-	-	-	-
	Curtailments Amount				354,~~551~~289.2530	187,~~415~~201.2679	3325,~~336~~016.3285	8736,~~302~~507.8394
	Total Prepayment Amount				34,~~690~~200,~~441~~641.6471	3,~~121~~935,~~755~~317.2906	2,~~233~~223,~~107~~902.0532	910,~~045~~359,~~303~~861.9809
	Cumulative
	Number of Paid in Full Loans				3048	3965	4465	~~113~~178
	Number of Repurchased Loans				-	-	-	-
	Total Number of Loans Prepaid in Full				3048	3965	4465	~~113~~178
	Paid in Full Balance				1014,~~064~~260,~~125~~477.5293	610,~~755~~683,~~399~~514.3865	68,~~783~~982,~~141~~027.6815	2333,~~602~~926,~~666~~019.5873
	Repurchased Loans Balance				-	-	-	-
	Curtailments Amount				6468,~~695~~984.5484	7380,~~312~~514.7857	~~154~~179,~~842~~859.9479	~~292~~329,~~851~~359.2620
	Total Prepayment Amount				1014,~~128~~329,~~821~~462.0677	610,~~828~~764,~~712~~029.1622	69,~~937~~161,~~984~~886.6294	2334,~~895~~255,~~517~~378.8493
SPACE INTENTIONALLY LEFT BLANK
Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)
				Page 17 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Prepayment Report for June 25, 2003 Distribution
	Prepayment Report for July 25, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENT RATES					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	SMM				12.7806%	1.4890%	0.71%	1.2343%
	3 Months Avg SMM				1.6894%	1.1537%	0.8263%	1.1621%
	12 Months Avg SMM
	Avg SMM Since Cut-off				1.6877%	1.1533%	0.8280%	1.1623%
	CPR				1922.3412%	1620.4154%	8.1822%	1315.8489%
	3 Months Avg CPR				1820.3691%	1215.9227%	97.4433%	13.0564%
	12 Months Avg CPR
	Avg CPR Since Cut-off				1819.3631%	1214.9289%	9.4414%	13.0577%
	PSA				~~1930~~1849.5931%	~~1589~~1672.2719%	~~887~~733.6016%	~~1417~~1355.4044%
	3 Months Avg PSA Approximation				~~2206~~2087.4111%	~~1486~~1479.0216%	~~1242~~794.02%	~~1606~~1396.4416%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation				~~2206~~2092.4154%	~~1486~~1552.0254%	~~1242~~1074.0256%	~~1606~~1525.4488%
	Fixed		Adjustable
	Adjustable
CPR by Groups					Total CPR
PSA by Groups					Total PSA
				Page 18 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Prepayment Report for June 25, 2003 Distribution
	Prepayment Report for July 25, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
	Fixed		Adjustable
	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 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for June 25, 2003 Distribution
	Prepayment Detail Report for July 25, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 45						Loan Group 1 = Fixed Group
Total Loan Count = 65						Loan Group 1 = Fixed Group
Total Original Principal Balance = 9,000,039.00						Loan Group 2 = Adjustable Group
Total Original Principal Balance = 10,371,947.38						Loan Group 2 = Adjustable Group
Total Prepayment Amount = 8,958,001.15						Loan Group 3 = Adjustable Group
Total Prepayment Amount = 10,323,353.15						Loan Group 3 = Adjustable 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
11489367 1			25,000.00	24,564.93	Jun-17-03	14.000%	FL - 37.04%	Paid Off - 180	Jun-12-02
10008316 1			20,300.00	19,757.42	Jul-09-03	13.000%	MI - 16.91%	Paid Off - 180	Feb-20-97
11498130 1			75,000.00	74,517.24	Jun-09-03	7.200%	NC - 50.00%	Paid Off - 360	Aug-07-02
11503667 1			57,000.00	55,802.91	Jun-25-03	10.750%	CT - 25.33%	Paid Off - 180	Aug-16-02
11513399 1			204,000.00	198,452.04	Jun-04-03	6.500%	CT - 80.00%	Paid Off - 180	Aug-24-02
11533901 1			25,000.00	24,942.45	Jul-02-03	12.750%	MD - 21.59%	Paid Off - 180	Oct-18-02
11530970 1			143,960.00	143,959.43	Jun-09-03	7.250%	VA - 80.00%	Paid Off - 360	Nov-07-02
11534691 1			131,000.00	130,449.38	Jul-15-03	7.375%	MD - 53.47%	Paid Off - 180	Dec-26-02
11540838 1			254,250.00	250,636.74	Jun-16-03	7.125%	CT - 75.00%	Paid Off - 180	Sep-18-02
11535692 1			63,300.00	63,098.55	Jul-11-03	9.990%	MI - 74.47%	Paid Off - 360	Oct-25-02
11543493 1			49,500.00	49,257.24	Jun-02-03	12.375%	NV - 15.00%	Paid Off - 240	Nov-25-02
11539319 1			93,490.00	93,313.79	Jun-26-03	11.690%	ME - 84.99%	Paid Off - 360	Nov-07-02
11547357 1			171,700.00	169,830.04	May-30-03	6.650%	CT - 73.38%	Paid Off - 240	Nov-25-02
11547123 1			99,450.00	98,876.42	Jul-17-03	6.250%	OH - 85.00%	Paid Off - 360	Oct-29-02
11547753 1			160,600.00	160,015.09	May-27-03	7.625%	CO - 55.00%	Paid Off - 360	Dec-21-02
11549746 1			215,000.00	214,249.66	Jul-17-03	6.725%	NY - 84.31%	Paid Off - 360	Jan-08-03
11548270 1			329,000.00	327,976.86	May-30-03	7.313%	TX - 70.00%	Paid Off - 360	Dec-18-02
11550189 1			129,600.00	129,278.68	Jun-19-03	10.430%	MD - 80.00%	Paid Off - 180	Nov-23-02
11549878 1			205,000.00	204,063.29	Jun-10-03	6.500%	CA - 45.05%	Paid Off - 360	Nov-25-02
11552216 1			193,000.00	191,097.57	Jul-14-03	6.875%	CA - 75.69%	Paid Off - 240	Nov-27-02
11555340 1			90,000.00	89,820.81	May-19-03	9.500%	VA - 52.94%	Paid Off - 360	Dec-30-02
11555304 1			80,000.00	79,039.13	Jul-11-03	7.675%	TX - 80.00%	Paid Off - 180	Jan-09-03
11555565 1			59,400.00	59,322.94	Jun-17-03	11.500%	MN - 60.00%	Paid Off - 360	Dec-17-02
11556254 1			50,000.00	49,491.15	Jun-18-03	9.550%	KY - 44.64%	Paid Off - 180	Jan-13-03
11557841 1			59,999.00	59,680.69	Jun-11-03	10.990%	FL - 89.55%	Paid Off - 360	May-22-02
11556676 1			175,000.00	170,383.25	Jun-25-03	7.800%	WI - 77.78%	Paid Off - 144	Dec-18-02
11560335 1			55,000.00	54,870.49	Jun-03-03	7.250%	TX - 53.92%	Paid Off - 360	Jan-09-03
11556770 1			71,000.00	70,752.46	Jun-30-03	7.875%	IN - 77.17%	Paid Off - 360	Dec-18-02
11564986 1			58,500.00	58,269.82	Jun-02-03	11.250%	FL - 65.00%	Paid Off - 360	Nov-27-02
11556935 1			35,000.00	34,897.80	Jul-01-03	8.750%	MS - 52.63%	Paid Off - 360	Dec-23-02
11569501 1			202,500.00	202,260.04	Jun-09-03	8.625%	NJ - 90.00%	Paid Off - 360	Feb-26-03
11559283 1			119,500.00	117,017.55	Jul-16-03	9.500%	MD - 88.52%	Paid Off - 180	Sep-12-02
21101071 1			74,600.00	72,273.04	Jun-02-03	11.500%	CA - 22.61%	Paid Off - 180	Aug-22-97
11559752 1			150,000.00	147,957.61	Jul-08-03	8.490%	CA - 69.77%	Paid Off - 180	Aug-29-02
11497679 2			86,000.00	85,444.91	May-27-03	7.800%	MD - 61.43%	Paid Off - 360	Aug-02-02
11570677 1			210,000.00	209,671.37	Jul-02-03	7.250%	AZ - 75.00%	Paid Off - 360	Feb-25-03
11532895 2			170,000.00	169,112.58	Jun-13-03	6.875%	CA - 89.47%	Paid Off - 360	Oct-25-02
11575052 1			111,000.00	110,746.34	Jul-16-03	7.625%	MO - 100.00%	Paid Off - 360	Feb-24-03
11538725 2			126,000.00	125,574.94	Jun-16-03	6.899%	NH - 90.00%	Paid Off - 360	Dec-09-02
11575128 1			76,400.00	76,256.53	Jun-27-03	8.375%	FL - 80.00%	Paid Off - 360	Feb-26-03
11547964 2			412,500.00	411,870.41	May-27-03	10.750%	TX - 75.00%	Paid Off - 360	Dec-18-02
11585516 1			112,000.00	111,805.45	Jul-02-03	6.750%	MA - 56.28%	Paid Off - 360	Mar-01-03
11549239 2			70,000.00	69,861.70	May-23-03	8.125%	FL - 58.33%	Paid Off - 360	Jan-21-03
11536253 2			68,200.00	68,039.75	Jul-03-03	10.875%	OH - 55.00%	Paid Off - 360	Dec-09-02
11553246 2			157,000.00	156,367.13	Jun-16-03	6.500%	CA - 89.71%	Paid Off - 360	Dec-20-02
11537949 2			285,000.00	283,916.19	Jul-10-03	8.365%	NJ - 89.62%	Paid Off - 360	Nov-05-02
11558282 2			252,450.00	251,635.26	Jun-17-03	7.125%	VA - 85.00%	Paid Off - 360	Dec-23-02
11548272 2			132,000.00	131,817.72	Jul-02-03	12.250%	NJ - 60.00%	Paid Off - 360	Dec-26-02
11558847 2			195,300.00	193,963.05	Jun-02-03	8.990%	CO - 90.00%	Paid Off - 360	Apr-02-02
11551582 2			176,200.00	175,450.33	Jul-09-03	6.875%	CA - 78.31%	Paid Off - 360	Dec-04-02
11559768 2			238,000.00	237,184.53	Jun-17-03	8.875%	MI - 85.00%	Paid Off - 360	Oct-21-02
11551979 2			135,000.00	134,305.02	Jul-01-03	5.875%	MA - 63.68%	Paid Off - 360	Dec-17-02
11559840 2			59,150.00	59,072.34	May-20-03	8.125%	TN - 70.00%	Paid Off - 360	Feb-12-03
11552261 2			148,500.00	148,065.97	Jul-03-03	7.625%	ME - 78.99%	Paid Off - 360	Jan-07-03
11560186 2			198,000.00	197,047.15	May-21-03	9.250%	MD - 90.00%	Paid Off - 360	Jul-26-02
11552423 2			247,500.00	246,848.49	Jul-14-03	9.250%	IL - 90.00%	Paid Off - 360	Dec-20-02
11560190 2			63,900.00	63,612.79	May-27-03	8.990%	FL - 90.00%	Paid Off - 360	Aug-07-02
11555193 2			81,600.00	81,423.90	Jul-02-03	10.375%	WI - 80.00%	Paid Off - 360	Jan-03-03
11563307 2			430,000.00	428,055.06	May-29-03	7.500%	CA - 71.67%	Paid Off - 360	Oct-25-02
11557720 2			318,750.00	317,824.36	Jun-27-03	8.775%	NC - 85.00%	Paid Off - 360	Dec-26-02
11567132 2			297,000.00	295,658.21	May-31-03	8.990%	CA - 90.00%	Paid Off - 360	Aug-14-02
11557885 2			114,390.00	113,876.91	Jul-10-03	8.375%	CA - 93.00%	Paid Off - 360	Oct-15-02
11568816 2			143,600.00	143,363.91	May-29-03	7.000%	IL - 80.00%	Paid Off - 360	Feb-07-03
11558419 2			52,500.00	52,207.42	Jul-02-03	9.990%	KS - 70.00%	Paid Off - 360	May-24-02
11569594 2			216,000.00	215,516.06	Jun-09-03	7.500%	MD - 80.00%	Paid Off - 360	Jan-27-03
11559522 2			100,800.00	100,402.07	Jun-18-03	7.250%	TX - 80.00%	Paid Off - 360	Dec-27-02
11524488 3			455,000.00	454,045.51	May-29-03	9.250%	CT - 71.09%	Paid Off - 360	Dec-17-02
11559650 2			170,000.00	169,477.74	Jul-01-03	8.500%	CA - 77.27%	Paid Off - 360	Dec-23-02
11555610 3			250,000.00	249,320.90	May-27-03	7.990%	CA - 28.09%	Paid Off - 360	Dec-17-02
11559879 2			252,800.00	251,963.87	Jul-11-03	7.000%	VA - 80.00%	Paid Off - 360	Jan-08-03
11557202 3			461,250.00	459,867.83	May-28-03	7.500%	TX - 90.00%	Paid Off - 360	Dec-20-02
11560149 2			144,000.00	143,178.43	Jul-02-03	9.875%	NJ - 90.00%	Paid Off - 360	May-14-02
11558341 3			168,570.00	167,793.94	Jun-11-03	9.990%	NY - 90.00%	Paid Off - 360	Jun-28-02
11560594 2			180,000.00	178,633.51	Jul-14-03	8.500%	CA - 90.00%	Paid Off - 360	May-23-02
11559759 3			237,750.00	236,867.01	Jun-04-03	9.250%	FL - 75.00%	Paid Off - 360	Sep-30-02
11560665 2			73,100.00	72,643.05	Jun-20-03	8.990%	AZ - 85.00%	Paid Off - 360	Jun-03-02
11561194 3			285,600.00	284,181.04	May-22-03	8.500%	CO - 80.00%	Paid Off - 360	Aug-16-02
11560751 2			225,000.00	223,914.76	Jun-30-03	11.150%	CA - 38.79%	Paid Off - 360	May-20-02
11561237 3			370,000.00	367,503.81	Jun-04-03	6.250%	CA - 77.90%	Paid Off - 360	Sep-26-02
11561175 2			180,000.00	178,891.85	Jun-19-03	10.250%	NV - 90.00%	Paid Off - 360	Jun-14-02
11561754 3			383,960.00	382,938.10	May-29-03	6.625%	CA - 80.00%	Paid Off - 360	Jan-06-03
11561720 2			105,400.00	105,136.74	Jul-03-03	6.950%	MD - 85.00%	Paid Off - 360	Feb-15-03
11562452 3			279,000.00	277,696.20	Jun-16-03	8.125%	OH - 90.00%	Paid Off - 360	Sep-09-02
11563083 2			28,405.00	28,348.46	Jul-16-03	9.500%	LA - 95.00%	Paid Off - 360	Jan-31-03
11568765 3			134,000.00	133,645.68	May-21-03	7.375%	CA - 82.21%	Paid Off - 360	Jan-23-03
11564488 2			230,925.00	230,103.26	Jun-30-03	6.625%	CA - 75.00%	Paid Off - 360	Jan-21-03
11570552 3			572,000.00	571,148.33	May-28-03	7.500%	CA - 80.00%	Paid Off - 360	Feb-10-03
11564975 2			106,700.00	106,438.68	Jun-20-03	8.500%	FL - 74.96%	Paid Off - 360	Jan-22-03
					Page 20 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for June 25, 2003 Distribution
	Prepayment Detail Report for July 25, 2003 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
11577266 3			70,000.00	69,882.04	Jun-11-03	6.875%	FL - 73.68%	Paid Off - 360	Feb-28-03
11566922 2			171,750.00	171,307.39	Jul-15-03	8.250%	VA - 75.00%	Paid Off - 360	Jan-27-03
11570207 2			72,000.00	71,868.21	Jul-07-03	8.500%	TX - 80.00%	Paid Off - 360	Feb-10-03
11573706 2			142,400.00	142,031.19	Jul-09-03	7.500%	MO - 80.00%	Paid Off - 360	Feb-10-03
11534470 3			25,000.00	24,886.25	Jul-02-03	9.875%	IL - 53.76%	Paid Off - 360	Jan-09-03
11540869 3			88,000.00	87,755.11	Jun-19-03	9.875%	CT - 80.00%	Paid Off - 360	Oct-31-02
11548589 3			625,000.00	623,840.33	Jul-16-03	10.900%	CT - 54.35%	Paid Off - 360	Dec-26-02
11553629 3			345,000.00	343,992.67	Jul-03-03	8.750%	NV - 57.50%	Paid Off - 360	Dec-26-02
11555172 3			382,500.00	381,294.54	Jun-27-03	8.375%	NY - 90.00%	Paid Off - 360	Dec-12-02
11557446 3			185,500.00	184,672.38	Jul-02-03	8.000%	CA - 70.00%	Paid Off - 360	Dec-23-02
11557839 3			172,000.00	171,091.79	Jun-30-03	10.250%	MA - 82.69%	Paid Off - 360	May-15-02
11557849 3			103,410.00	102,951.59	Jul-02-03	11.375%	NY - 90.00%	Paid Off - 360	May-31-02
11559630 3			453,000.00	451,339.67	Jun-27-03	7.625%	LA - 75.00%	Paid Off - 360	Dec-26-02
11560219 3			238,000.00	236,944.43	Jul-01-03	9.375%	NY - 85.00%	Paid Off - 360	Sep-25-02
11560357 3			235,000.00	233,206.13	Jul-09-03	7.500%	CA - 78.33%	Paid Off - 360	Jul-26-02
11560361 3			76,500.00	76,074.70	Jul-01-03	7.750%	MI - 90.00%	Paid Off - 360	Oct-10-02
11562475 3			455,577.38	453,358.35	Jul-01-03	10.625%	VA - 85.00%	Paid Off - 360	Jun-03-02
11562706 3			357,000.00	356,007.53	Jul-08-03	7.875%	VA - 85.00%	Paid Off - 360	Jan-31-03
11563059 3			144,500.00	143,609.03	Jul-14-03	9.500%	CO - 85.00%	Paid Off - 360	May-16-02
11565405 3			76,000.00	75,804.98	Jul-16-03	11.000%	VA - 63.33%	Paid Off - 360	Oct-02-02
11569392 3			60,000.00	59,927.85	Jun-19-03	10.500%	WI - 75.00%	Paid Off - 360	Feb-07-03
11570837 3			190,000.00	189,595.08	Jul-09-03	7.750%	MA - 77.55%	Paid Off - 360	Jan-31-03
					Page 21 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Realized Loss Report for June 25, 2003 Distribution
	Realized Loss Report for July 25, 2003 Distribution
	Realized Loss Report - Collateral
COLLATERAL REALIZED LOSSES					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Current
	Number of Loans Liquidated				1-	-	-	1-
	Collateral Realized Loss/(Gain) Amount				~~8,074.80~~-	-	-	~~8,074.80~~-
	Net Liquidation Proceeds				~~242,506.49~~-	-	-	~~242,506.49~~-
	Cumulative
	Number of Loans Liquidated				1	-	-	1
	Collateral Realized Loss/(Gain) Amount				8,074.80	-	-	8,074.80
	Net Liquidation Proceeds				242,506.49	-	-	242,506.49
	Note: Collateral Realized Loss Amount may include adjustments to loans liquidated in prior periods.
	Current Principal Loss				~~6,487~~0.4100	0.00	0.00	~~6,487~~0.4100
	Current Interest Loss/Expenses				~~1,587~~0.3900	0.00	0.00	~~1,587~~0.3900
	Additional Losses from Prior Periods				0.00	0.00	0.00	0.00
	TOTAL REALIZED LOSSES				~~8,074~~0.8000	0.00	0.00	~~8,074~~0.8000
	Fixed		Adjustable				3 Months Moving Average
	Adjustable
Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation
				Page 22 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Realized Loss Report for June 25, 2003 Distribution
	Realized Loss Report for July 25, 2003 Distribution
	Realized Loss Report - Collateral
DEFAULT SPEEDS					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	MDR				0.1200%	0.00%	0.00%	0.0300%
	3 Months Avg MDR				0.04%	0.00%	0.00%	0.01%
	12 Months Avg MDR
	Avg MDR Since Cut-off				0.0403%	0.00%	0.00%	0.01%
	CDR				10.4400%	0.00%	0.00%	0.4100%
	3 Months Avg CDR				0.48%	0.00%	0.00%	0.14%
	12 Months Avg CDR
	Avg CDR Since Cut-off				0.4836%	0.00%	0.00%	0.1410%
	SDA				140.3300%	0.00%	0.00%	40.1900%
	3 Months Avg SDA Approximation				54.7880%	0.00%	0.00%	1.6840%
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation				53.7891%	0.00%	0.00%	1.6813%
	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
	Adjustable
CDR by Groups					Total CDR
SDA by Groups					Total SDA
				Page 23 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Realized Loss Report for June 25, 2003 Distribution
	Realized Loss Report for July 25, 2003 Distribution
	Realized Loss Report - Collateral
	Fixed		Adjustable
	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 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Realized Loss Detail Report for June 25, 2003 Distribution
	Realized Loss Detail Report for July 25, 2003 Distribution
	Realized Loss Detail Report - Loans Liquidated During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 1						Loan Group 1 = Fixed Group
Total Loan Count = 0						Loan Group 1 = Fixed Group
Total Original Principal Balance = 252,000.00						Loan Group 2 = Adjustable Group
Total Original Principal Balance = 0.00						Loan Group 2 = Adjustable Group
Total Prior Principal Balance = 250,581.29						Loan Group 3 = Adjustable Group
Total Prior Principal Balance = 0.00						Loan Group 3 = Adjustable Group
Total Realized Loss Amount = 8,074.80
Total Realized Loss Amount = 0.00
Total Net Liquidation Proceeds = 242,506.49
Total Net Liquidation Proceeds = 0.00
Note: Total Realized Loss Amount may include adjustments to loans liquidated in prior periods.
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
11558366 3			252,000.00	250,581.29	6,487.41	9.500%	MD - 90.00%	360	May-28-02
SPACE INTENTIONALLY LEFT BLANK
					Page 25 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Triggers, Adj. Rate Cert. and Miscellaneous Report for June 25, 2003 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report for July 25, 2003 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report
TRIGGER EVENTS					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Trigger Event Occuring				No	No	No	No
	Balance of Loans 60+ Delinquent				47,~~615~~485,~~508~~157.5625	34,~~674~~445,~~547~~660.6621	~~771~~1,~~860~~408,863.4712	913,~~061~~339,~~916~~680.6958
ADJUSTABLE RATE CERTIFICATE INFORMATION					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
SPACE INTENTIONALLY LEFT BLANK
ADDITIONAL INFORMATION					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Fixed Rate Net WAC Cap							5.~~965449~~957668%
	Fixed Rate Net WAC Cap (AF-1 only)							65.~~171154~~957668%
	Variable Net WAC Cap							6.~~639206~~119547%
	Subordinate Net WAC Cap							6.~~440945~~051511%
	Subordinate Net WAC Cap (BF only)							6.~~226247~~051511%
				Page 26 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Additional Certificate Report for June 25, 2003 Distribution
	Additional Certificate Report for July 25, 2003 Distribution
	Additional Certificate Report
	CLASS				Optimal Pass-Through Rate	Cap Carryover Amt	Civil Relief Act Shortfall	Unpaid Realized Loss Amt
	AF-1				1.~~420000~~135000%	0.00	3320.3993	0.00
	AF-2				2.390000%	0.00	2217.5367	0.00
	AF-3				2.920000%	0.00	3326.7951	0.00
	AF-4				3.960000%	0.00	2621.9514	0.00
	AF-5				4.955000%	0.00	4334.6221	0.00
	AF-6				4.295000%	0.00	2217.3856	0.00
	AF-7				3.534000%	0.00	5240.9199	0.00
	AV-1				1.~~630000~~345000%	0.00	0.00	0.00
	AV-2				1.~~640000~~355000%	0.00	0.00	0.00
	AF-IO				4.150000%	0.00	~~126~~98.3374	0.00
	AV-IO				4.150000%	0.00	0.00	0.00
	S				0.~~017500~~302500%	0.00	0.00	0.00
	M-1				21.~~020000~~735000%	0.00	2618.9477	0.00
	M-2				32.~~020000~~735000%	0.00	3525.2490	0.00
	M-3				3.~~820000~~535000%	0.00	129.7456	0.00
	BF				6.000000%	0.00	2822.7454	0.00
	BV				4.~~820000~~535000%	0.00	75.1445	0.00
				Page 27 of 27				© COPYRIGHT 2003 Deutsche Bank

Filing Compare · SAXON ASSET SECURITIES CO MORT LOAN ASSET BK CER SER 2003-1