SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report Pursuant To Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): ~~October~~November 2725, 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 ~~October~~November 2725, 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: ~~Oct~~Nov 2926, 2003 By: /s/ Katherine M. Wannenmacher Katherine M. Wannenmacher Vice President EXHIBIT INDEX DOCUMENT Monthly Remittance Statement to the Certificateholders dated as of ~~October~~November 2725, 2003.

	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	October 27, 2003 Distribution
	November 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				2223
			12.	Realized Loss Detail Report				2526
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				2627
			14.	Additional Certificate Report				2728
				Total Number of Pages				2728
			CONTACTS
				Administrator: Brent Hoyler
				Direct Phone Number: (714)247-6322
				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, Inc. Master Servicer
			Saxon Mortgage Services, Inc.
								Distribution Date: October 27, 2003
								Distribution Date: November 25, 2003
	Underwriter(s):		Greenwich Capital Markets Lead Underwriter					Record Date: ~~October~~November 24, 2003
			CS First Boston Underwriter					~~September~~October 3031, 2003
			J. P. Morgan Underwriter
			Merrill Lynch & Co. Underwriter
						Page 1 of 27					© COPYRIGHT 2003 Deutsche Bank
						Page 1 of 28					© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	REMIC V Series 2003-1
	Certificate Payment Report for October 27, 2003 Distribution
	Certificate Payment Report for November 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			6359,~~356~~452,~~314~~982.4554	6858,~~663~~420.9387	34,~~903~~413,~~331~~772.9111	34,~~971~~472,~~995~~192.8498	-	-	5955,~~452~~039,~~982~~210.5443
AF-2	AFC	30,750,000.00			30,750,000.00	61,~~205~~235.9015	-	61,~~205~~235.9015	-	-	30,750,000.00
AF-3	AFC	37,750,000.00			37,750,000.00	91,~~801~~845.5644	-	91,~~801~~845.5644	-	-	37,750,000.00
AF-4	AFC	22,200,000.00			22,200,000.00	73,~~214~~249.72	-	73,~~214~~249.72	-	-	22,200,000.00
AF-5	STEP	28,714,000.00			28,714,000.00	118,~~491~~548.6125	-	118,~~491~~548.6125	-	-	28,714,000.00
AF-6	STEP	17,000,000.00			17,000,000.00	60,~~808~~837.2229	-	60,~~808~~837.2229	-	-	17,000,000.00
AF-7	STEP	50,000,000.00			4544,~~214~~331,~~498~~047.5398	~~133~~130,~~074~~536.4062	~~883~~998,~~450~~979.5572	1,~~016~~129,~~524~~516.9534	-	-	4443,~~331~~332,~~047~~068.9826
AV-1	FLT	181,418,000.00			~~154~~147,~~472~~836,~~840~~950.6764	~~196~~170,~~352~~299.1495	6,~~635~~575,~~890~~353.0309	6,~~832~~745,~~242~~653.1704	-	-	~~147~~141,~~836~~261,~~950~~597.6455
AV-2	FLT	181,418,000.00			~~154~~147,~~443~~943,~~268~~114.5420	~~197~~171,~~687~~614.3801	65,~~500~~814,~~154~~122.3414	65,~~697~~985,~~841~~736.7215	-	-	~~147~~142,~~943~~128,~~114~~992.2006
AF-IO	IO	-			-	~~336~~334,~~356~~201.9801	-	~~336~~334,~~356~~201.9801	-	-	-
AV-IO	IO	-			-	~~451~~449,~~935~~064.0058	-	~~451~~449,~~935~~064.0058	-	-	-
S	IO	-			-	7364,~~763~~843.2921	-	7364,~~763~~843.2921	-	-	-
M-1	MEZ	45,000,000.00			45,000,000.00	7265,~~755~~965.0074	-	7265,~~755~~965.0074	-	-	45,000,000.00
M-2	MEZ	39,375,000.00			39,375,000.00	9889,~~639~~434.0033	-	9889,~~639~~434.0033	-	-	39,375,000.00
M-3	MEZ	11,250,000.00			11,250,000.00	3632,~~177~~801.6365	-	3632,~~177~~801.6365	-	-	11,250,000.00
BF	SUB	15,625,000.00			15,625,000.00	78,~~076~~114.7109	-	78,~~076~~114.7109	-	-	15,625,000.00
BV	SUB	5,000,000.00			5,000,000.00	2018,~~520~~605.6472	-	2018,~~520~~605.6472	-	-	5,000,000.00
C	SUB	-			-	-	-	-	-	-	-
P	SUB	-			-	~~127~~152,~~357~~578.7390	-	~~127~~152,~~357~~578.7390	-	-	-
R	R	-			-	-	-	-	-	-	-
Total		750,000,000.00			~~670~~652,~~150~~228,~~922~~095.1936	2,~~296~~222,~~881~~196.8453	17,~~922~~802,~~826~~227.8306	20,~~219~~024,~~708~~423.6759	-	-	~~652~~634,~~228~~425,~~095~~868.3630
Non-Delay Certificates Record Date: 10/24/03
Non-Delay Certificates Record Date: 11/24/03
	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	0910/2527/03	1011/2624/03		A-Act/360	805564MP3	84,500,000.00	~~749~~703.~~778869~~585592	0.~~812591~~691371	4652.~~193277~~233989	4752.~~005868~~925361	~~703~~651.~~585592~~351603
AF-2				F-30/360	805564MQ1	30,750,000.00	1,000.000000	1.~~990436~~991387	-	1.~~990436~~991387	1,000.000000
AF-3				F-30/360	805564MR9	37,750,000.00	1,000.000000	2.~~431829~~432992	-	2.~~431829~~432992	1,000.000000
AF-4				F-30/360	805564MS7	22,200,000.00	1,000.000000	3.~~297960~~299537	-	3.~~297960~~299537	1,000.000000
AF-5				F-30/360	805564MT5	28,714,000.00	1,000.000000	4.~~126615~~128587	-	4.~~126615~~128587	1,000.000000
AF-6				F-30/360	805564MU2	17,000,000.00	1,000.000000	3.~~576954~~578664	-	3.~~576954~~578664	1,000.000000
AF-7				F-30/360	805564MV0	50,000,000.00	~~904~~886.~~289971~~620960	2.~~661488~~610732	1719.~~669011~~979594	2022.~~330499~~590327	~~886~~866.~~620960~~641365
AV-1	0910/2527/03	1011/2624/03		A-Act/360	805564MW8	181,418,000.00	~~851~~814.~~474720~~896816	10.~~082319~~938716	36.~~577903~~244216	37.~~660222~~182931	~~814~~778.~~896816~~652601
AV-2	0910/2527/03	1011/2624/03		A-Act/360	805564MX6	181,418,000.00	~~851~~815.~~311714~~482004	10.~~089679~~945959	3532.~~829710~~048210	3632.~~919389~~994169	~~815~~783.~~482004~~433794
AF-IO				F-30/360	805564MY4	99,770,000.00	~~975~~968.~~443520~~728075	3.~~371324~~349714	-	3.~~371324~~349714	~~968~~961.~~728075~~010324
AV-IO				F-30/360	805564MZ1	133,610,000.00	~~978~~971.~~070504~~858394	3.~~382494~~361010	-	3.~~382494~~361010	~~971~~964.~~858394~~523614
S	0910/2527/03	1011/2624/03		A-Act/360	805564NA5	424,200,251.00	~~899~~872.~~420137~~446589	0.~~173888~~152860	-	0.~~173888~~152860	~~872~~847.~~446589~~145082
M-1	0910/2527/03	1011/2624/03		A-Act/360	805564NB3	45,000,000.00	1,000.000000	1.~~616778~~465905	-	1.~~616778~~465905	1,000.000000
M-2	0910/2527/03	1011/2624/03		A-Act/360	805564NC1	39,375,000.00	1,000.000000	2.~~505117~~271348	-	2.~~505117~~271348	1,000.000000
M-3	0910/2527/03	1011/2624/03		A-Act/360	805564ND9	11,250,000.00	1,000.000000	32.~~215789~~915702	-	32.~~215789~~915702	1,000.000000
BF				F-30/360	805564NE7	15,625,000.00	1,000.000000	4.~~996909~~999302	-	4.~~996909~~999302	1,000.000000
BV	0910/2527/03	1011/2624/03		A-Act/360	805564NF4	5,000,000.00	1,000.000000	43.~~104128~~721144	-	43.~~104128~~721144	1,000.000000
C				A-30/360		750,000,000.00	~~911~~890.~~172393~~356532	-	-	-	~~890~~869.~~356532~~709029
P				-		-	-	-	-	-	-
R				-		-	-	-	-	-	-
							Page 2 of 27				© COPYRIGHT 2003 Deutsche Bank
							Page 2 of 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	REMIC V Series 2003-1
	Certificate Payment Report for October 27, 2003 Distribution
	Certificate Payment Report for November 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		~~651~~710,~~906~~327.8976		2226,~~691~~765,~~610~~170.7759	2,~~355~~695,~~406~~618.6998	2529,~~047~~460,~~017~~789.4657	2530,~~698~~171,~~924~~117.3533	-	-	5955,~~452~~039,~~982~~210.5443
AF-2	30,750,000.00		~~428~~489,~~565~~800.0116		-	-	-	~~428~~489,~~565~~800.0116	-	-	30,750,000.00
AF-3	37,750,000.00		~~642~~734,~~796~~641.4690		-	-	-	~~642~~734,~~796~~641.4690	-	-	37,750,000.00
AF-4	22,200,000.00		~~512~~585,~~651~~900.0476		-	-	-	~~512~~585,~~651~~900.0476	-	-	22,200,000.00
AF-5	28,714,000.00		~~829~~948,~~684~~232.4772		-	-	-	~~829~~948,~~684~~232.4772	-	-	28,714,000.00
AF-6	17,000,000.00		~~425~~486,~~780~~617.4877		-	-	-	~~425~~486,~~780~~617.4877	-	-	17,000,000.00
AF-7	50,000,000.00		~~988~~1,~~919~~119,456.5315		56,~~668~~667,~~952~~931.0576	-	56,~~668~~667,~~952~~931.0274	67,~~657~~787,~~871~~387.5589	-	-	4443,~~331~~332,~~047~~068.9826
AV-1	181,418,000.00		1,~~697~~867,~~134~~434.7267		3239,~~627~~072,~~828~~996.3871	~~953~~1,~~220~~083,405.9874	3340,~~581~~156,~~049~~402.3645	3542,~~278~~023,~~184~~837.0812	-	-	~~147~~141,~~836~~261,~~950~~597.6455
AV-2	181,418,000.00		1,~~686~~858,~~945~~559.6465		3238,~~499~~179,~~726~~918.5648	~~975~~1,~~159~~109,089.2446	3339,~~474~~289,~~885~~007.8094	3541,~~161~~147,~~831~~567.4459	-	-	~~147~~142,~~943~~128,~~114~~992.2006
AF-IO	-		2,~~390~~724,~~063~~264.4041		-	-	-	2,~~390~~724,~~063~~264.4041	-	-	-
AV-IO	-		3,~~206~~655,~~047~~112.9250		-	-	-	3,~~206~~655,~~047~~112.9250	-	-	-
S	-		~~351~~415,~~075~~918.3455		-	-	-	~~351~~415,~~075~~918.3455	-	-	-
M-1	45,000,000.00		~~558~~624,~~587~~553.6438		-	-	-	~~558~~624,~~587~~553.6438	-	-	45,000,000.00
M-2	39,375,000.00		~~745~~835,~~714~~148.5790		-	-	-	~~745~~835,~~714~~148.5790	-	-	39,375,000.00
M-3	11,250,000.00		~~271~~304,~~795~~597.3904		-	-	-	~~271~~304,~~795~~597.3904	-	-	11,250,000.00
BF	15,625,000.00		~~546~~624,~~698~~812.7887		-	-	-	~~546~~624,~~698~~812.7887	-	-	15,625,000.00
BV	5,000,000.00		~~153~~172,~~427~~033.9971		-	-	-	~~153~~172,~~427~~033.9971	-	-	5,000,000.00
C	-		-		-	-	-	-	-	-	-
P	-		~~557~~710,~~719~~298.2818		-	-	-	~~557~~710,~~719~~298.2818	-	-	-
R	-		-		-	-	-	-	-	-	-
Total	750,000,000.00		1618,~~645~~867,~~514~~711.5508		93110,~~488~~686,~~117~~017.7654	4,~~283~~888,~~786~~114.9118	97115,~~771~~574,~~904~~131.6470	~~114~~134,~~417~~441,~~419~~842.1978	-	-	~~652~~634,~~228~~425,~~095~~868.3630
	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	1.22000%	6359,~~356~~452,~~314~~982.4554			6858,~~663~~420.9387	-	-	-	6858,~~663~~420.9387	6858,~~663~~420.9387	-
AF-2	2.39000%	30,750,000.00			61,~~205~~235.9015	-	-	-	61,~~205~~235.9015	61,~~205~~235.9015	-
AF-3	2.92000%	37,750,000.00			91,~~801~~845.5644	-	-	-	91,~~801~~845.5644	91,~~801~~845.5644	-
AF-4	3.96000%	22,200,000.00			73,~~214~~249.72	-	-	-	73,~~214~~249.72	73,~~214~~249.72	-
AF-5	4.95500%	28,714,000.00			118,~~491~~548.6125	-	-	-	118,~~491~~548.6125	118,~~491~~548.6125	-
AF-6	4.29500%	17,000,000.00			60,~~808~~837.2229	-	-	-	60,~~808~~837.2229	60,~~808~~837.2229	-
AF-7	3.53400%	4544,~~214~~331,~~498~~047.5398			~~133~~130,~~074~~536.4062	-	-	-	~~133~~130,~~074~~536.4062	~~133~~130,~~074~~536.4062	-
AV-1	1.43000%	~~154~~147,~~472~~836,~~840~~950.6764			~~196~~170,~~352~~299.1495	-	-	-	~~196~~170,~~352~~299.1495	~~196~~170,~~352~~299.1495	-
AV-2	1.44000%	~~154~~147,~~443~~943,~~268~~114.5420			~~197~~171,~~687~~614.3801	-	-	-	~~197~~171,~~687~~614.3801	~~197~~171,~~687~~614.3801	-
AF-IO	4.15000%	9796,~~320~~650,000.00			~~336~~334,~~356~~201.9801	-	-	-	~~336~~334,~~356~~201.9801	~~336~~334,~~356~~201.9801	-
AV-IO	4.15000%	~~130~~129,~~680~~850,000.00			~~451~~449,~~935~~064.0058	-	-	-	~~451~~449,~~935~~064.0058	~~451~~449,~~935~~064.0058	-
S	0.21750%	~~381~~370,~~534~~092,~~247~~062.7324			7364,~~763~~843.2921	-	-	-	7364,~~763~~843.2921	7364,~~763~~843.2921	-
M-1	1.82000%	45,000,000.00			7265,~~755~~965.0074	-	-	-	7265,~~755~~965.0074	7265,~~755~~965.0074	-
M-2	2.82000%	39,375,000.00			9889,~~639~~434.0033	-	-	-	9889,~~639~~434.0033	9889,~~639~~434.0033	-
M-3	3.62000%	11,250,000.00			3632,~~177~~801.6365	-	-	-	3632,~~177~~801.6365	3632,~~177~~801.6365	-
BF	65.~~00000~~96819%	15,625,000.00			78,~~076~~114.7109	-	-	-	78,~~076~~114.7109	78,~~076~~114.7109	-
BV	4.62000%	5,000,000.00			2018,~~520~~605.6472	-	-	-	2018,~~520~~605.6472	2018,~~520~~605.6472	-
C	4.~~05795~~16301%	~~683~~667,~~379~~767,~~294~~399.4919			-	-	1315,~~228~~539,~~372~~303.3386	-	-	-	1517,~~539~~855,~~303~~903.8654
P		-			~~127~~152,~~357~~578.7390	-	-	-	~~127~~152,~~357~~578.7390	~~127~~152,~~357~~578.7390	-
R		-			-	-	-	-	-	-	-
Total		1,~~963~~916,~~064~~587,~~464~~556.4179			2,~~296~~222,~~881~~196.8452	-	1315,~~228~~539,~~372~~303.3386	-	2,~~296~~222,~~881~~196.8452	2,~~296~~222,~~881~~196.8453	1517,~~539~~855,~~303~~903.8654
See page 26 for Optimal Pass-Through Rate
							Page 3 of 27				© COPYRIGHT 2003 Deutsche Bank
							Page 3 of 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Collection Account Report for October 27, 2003 Distribution
	Collection Account Report for November 25, 2003 Distribution
	Collection Account Report
SUMMARY					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Principal Collections				5,~~662~~054,~~038~~327.14	5,~~780~~716,~~272~~079.3570	4,~~169~~705,~~584~~408.8128	15,~~611~~475,~~895~~815.3012
	Principal Withdrawals				0.00	0.00	0.00	0.00
	Principal Other Accounts				0.00	0.00	0.00	0.00
	TOTAL NET PRINCIPAL				5,~~662~~054,~~038~~327.14	5,~~780~~716,~~272~~079.3570	4,~~169~~705,~~584~~408.8128	15,~~611~~475,~~895~~815.3012
	Interest Collections				1,~~382~~338,~~802~~188.8100	1,~~420~~407,~~618~~931.7832	1,~~965~~958,~~077~~499.4467	4,~~768~~704,~~499~~618.0399
	Interest Withdrawals				0.00	0.00	0.00	0.00
	Interest Other Accounts				0.00	0.00	0.00	0.00
	Interest Fees				(4140,~~997~~872.3049)	(4241,~~782~~108.5803)	(7574,~~905~~030.7700)	(~~160~~156,~~685~~010.6652)
	TOTAL NET INTEREST				1,~~340~~297,~~805~~315.51	1,~~377~~366,~~836~~823.2029	1,~~889~~884,~~171~~469.67	4,~~607~~548,~~813~~608.3747
	TOTAL AVAILABLE FUNDS TO BONDHOLDERS				76,~~002~~351,~~843~~642.65	7,~~158~~082,~~108~~902.5599	6,~~058~~589,~~756~~877.4895	20,~~219~~024,~~708~~423.6759
PRINCIPAL - COLLECTIONS					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Scheduled Principal				~~137~~133,~~708~~930.3622	~~133~~130,~~366~~184.9376	~~343~~340,~~247~~212.9630	~~614~~604,~~323~~327.2528
	Curtailments				~~(115~~6,~~337~~373.~~66)~~56	~~(110~~8,~~169~~069.~~29)~~70	~~(248~~23,~~213~~998.~~60)~~26	~~(473~~38,~~720~~441.~~55)~~52
	Prepayments in Full				54,~~639~~794,~~667~~054.4410	5,~~757~~446,~~074~~569.7102	4,~~074~~341,~~550~~197.4572	1514,~~471~~581,~~292~~820.6084
	Repurchases/Substitutions Shortfalls				0.00	0.00	0.00	0.00
	Liquidations				0129,781.0052	0131,256.0022	0.00	0261,037.0074
	Insurance Principal				0.00	0.00	0.00	0.00
	Other Additional Principal				0.00	0.00	0.00	0.00
	Delinquent Principal				(3836,~~239~~777.2113)	(3334,~~557~~193.3295)	(4345,~~150~~755.5976)	(~~114~~116,~~947~~726.1284)
	Advanced Principal				3836,~~239~~777.2113	3334,~~557~~193.3295	4345,~~150~~755.5976	~~114~~116,~~947~~726.1284
	Realized Losses				0(9,812.0026)	0.00	0.00	0(9,812.0026)
	TOTAL PRINCIPAL COLLECTED				5,~~662~~054,~~038~~327.14	5,~~780~~716,~~272~~079.3570	4,~~169~~705,~~584~~408.8128	15,~~611~~475,~~895~~815.3012
				Page 4 of 27				© COPYRIGHT 2003 Deutsche Bank
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	Saxon Asset Securities Trust 2003-1
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	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,~~283~~243,~~240~~715.1195	1,~~311~~269,~~099~~016.0906	1,~~895~~866,~~171~~074.7465	4,~~489~~378,~~510~~806.9466
	Repurchases/Substitutions				0.00	0.00	0.00	0.00
	Liquidations				0864.0013	01,092.0071	0.00	01,956.0084
	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)				0(667.0006)	0(3,436.0083)	0(3,521.0016)	0(7,625.0005)
	Delinquent Interest				(~~398~~383,~~347~~821.3950)	(~~388~~384,~~466~~175.5815)	(~~310~~323,~~551~~969.6650)	(1,~~097~~091,~~365~~966.6315)
	Realized Losses				0(8,169.0041)	0(4,268.0099)	0.00	0(12,438.0040)
	Compensating Month End Interest				0667.0006	03,436.0083	03,521.0016	07,625.0005
	Other Interest Shortfall (Relief Act)				0.00	0.00	(~~772~~170.9332)	(~~772~~170.9332)
	Non Recoverable Advance				0(6,228.0008)	0.00	0.00	0(6,228.0008)
	Interest Advanced				~~384~~370,189.0173	~~375~~370,~~220~~940.7972	~~299~~312,~~322~~080.5373	1,~~058~~053,~~732~~211.3318
	Prepayment Penalties				~~113~~121,~~721~~637.0818	~~122~~155,~~765~~325.4897	81104,~~907~~484.7611	~~318~~381,~~394~~447.3226
	TOTAL INTEREST COLLECTED				1,~~382~~338,~~802~~188.8100	1,~~420~~407,~~618~~931.7832	1,~~965~~958,~~077~~499.4467	4,~~768~~704,~~499~~618.0399
				Page 5 of 27				© COPYRIGHT 2003 Deutsche Bank
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	Saxon Asset Securities Trust 2003-1
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	Collection Account Report for November 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				33,~~975~~086.0617	3433,~~778~~344.5382	6361,~~457~~755.9389	~~132~~128,~~211~~186.5288
	Master Servicing Fee				87,~~022~~786.2432	87,~~004~~763.0521	12,~~447~~274.8411	2827,~~474~~823.1464
	TOTAL INTEREST OTHER FEES				4140,~~997~~872.3049	4241,~~782~~108.5803	7574,~~905~~030.7700	~~160~~156,~~685~~010.6652
				Page 6 of 27				© COPYRIGHT 2003 Deutsche Bank
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	Saxon Asset Securities Trust 2003-1
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	Credit Enhancement Report for October 27, 2003 Distribution
	Credit Enhancement Report for November 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				~~838~~759,~~116~~795.2000	~~855~~859,~~617~~273.6839	~~617~~707,~~197~~343.6555	2,~~310~~326,~~931~~411.5394
	Overcollateralization Amount							1517,~~539~~855,~~303~~903.8351
	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
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	Saxon Asset Securities Trust 2003-1
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	Collateral Report for October 27, 2003 Distribution
	Collateral Report for November 25, 2003 Distribution
	Collateral Report
COLLATERAL					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Loan Count:
	Original				810	1268	1772	3850
	Prior				~~931~~903	1,~~411~~375	2,~~206~~174	4,~~548~~452
	Prefunding				-	-	-	-
	Scheduled Paid Offs				-	-	-	-
	Full Voluntary Prepayments				(2829)	(3637)	(3231)	(9697)
	Repurchases				-	-	-	-
	Liquidations				-(1)	-(1)	-	-(2)
	Current				~~903~~873	1,~~375~~337	2,~~174~~143	4,~~452~~353
	Principal Balance:
	Original				176,407,451.27	176,407,449.58	249,395,711.23	602,210,612.08
	Prior				~~192~~186,~~533~~871,~~758~~720.3117	~~192~~186,~~097~~317,~~304~~032.5924	~~298~~294,~~748~~578,~~231~~646.5978	~~683~~667,~~379~~767,~~294~~399.4919
	Prefunding				-	-	-	-
	Scheduled Principal				(~~137~~133,~~708~~930.3622)	(~~133~~130,~~366~~184.9376)	(~~343~~340,~~247~~212.9630)	(~~614~~604,~~323~~327.2528)
	Partial and Full Voluntary Prepayments				(54,~~524~~800,~~329~~427.7866)	(5,~~646~~454,~~905~~638.4272)	(34,~~826~~365,~~336~~195.8598)	(14,~~997~~620,~~572~~262.0536)
	Repurchases				-	-	-	-
	Liquidations				-(129,781.52)	-(131,256.22)	-	-(261,037.74)
	Current				~~186~~181,~~871~~807,~~720~~580.1777	~~186~~180,~~317~~600,~~032~~952.2454	~~294~~289,~~578~~873,~~646~~238.7850	~~667~~652,~~767~~281,~~399~~771.1981
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
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	Saxon Asset Securities Trust 2003-1
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	Collateral Report for October 27, 2003 Distribution
	Collateral Report for November 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				7.~~994351~~998016%	8.~~196506~~190219%	7.~~618822~~612450%	7.~~888114~~883489%
	Weighted Average Coupon Current				7.~~998016~~992093%	8.~~190219~~180307%	7.~~612450~~601670%	7.~~883489~~872376%
	Weighted Average Months to Maturity Original				357	357	308	337
	Weighted Average Months to Maturity Prior				~~353~~352	~~352~~351	~~304~~303	~~331~~330
	Weighted Average Months to Maturity Current				~~352~~351	~~351~~350	~~303~~302	~~330~~329
	Weighted Avg Remaining Amortization Term Original				357	356	325	344
	Weighted Avg Remaining Amortization Term Prior				~~352~~351	~~352~~351	320	~~338~~337
	Weighted Avg Remaining Amortization Term Current				~~351~~350	~~351~~350	~~320~~319	~~337~~336
	Weighted Average Seasoning Original				3.43	3.69	3.16	3.39
	Weighted Average Seasoning Prior				78.9694	89.1312	78.59	78.8583
	Weighted Average Seasoning Current				89.9490	910.1211	89.5957	89.8381
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
				Page 9 of 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
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	Collateral Report for November 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.~~717~~720%
	Weighted Average Margin Current				6.000%	5.~~720~~710%
	Weighted Average Max Rate Original				15.000%	14.820%
	Weighted Average Max Rate Prior				14.000%	14.~~754~~746%	7.~~619~~613%
	Weighted Average Max Rate Current				14.000%	14.~~746~~734%	7.~~613~~602%
	Weighted Average Min Rate Original				7.000%	7.440%
	Weighted Average Min Rate Prior				7.000%	7.~~381~~368%	7.~~619~~613%
	Weighted Average Min Rate Current				7.000%	7.~~368~~356%	7.~~613~~602%
	Weighted Average Cap Up Original				1.000%	1.028%
	Weighted Average Cap Up Prior				1.000%	1.024%
	Weighted Average Cap Up Current				1.000%	1.~~024~~023%
	Weighted Average Cap Down Original				1.000%	1.028%
	Weighted Average Cap Down Prior				1.000%	1.024%
	Weighted Average Cap Down Current				1.000%	1.~~024~~023%
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Current Servicing Fees				33,~~975~~086.0617	3433,~~778~~344.5382	6361,~~457~~755.9389	~~132~~128,~~211~~186.5288
	Delinquent Servicing Fees				1413,~~158~~631.3776	13,~~245~~234.7944	11,~~229~~888.1378	38,~~633~~754.2998
	Master Servicing Fees				87,~~022~~786.2432	87,~~004~~763.0521	12,~~447~~274.8411	2827,~~474~~823.1464
	TOTAL SERVICING FEES				5654,~~155~~504.6725	5654,~~028~~342.3747	8785,~~134~~918.9078	~~199~~194,~~318~~765.9550
	Total Servicing Fees				5654,~~155~~504.6725	5654,~~028~~342.3747	8785,~~134~~918.9078	~~199~~194,~~318~~765.9550
	Compensating Month End Interest				0667.0006	03,436.0083	03,521.0016	07,625.0005
	Delinquent Servicing Fees				(1413,~~158~~631.3776)	(13,~~245~~234.7944)	(11,~~229~~888.1378)	(38,~~633~~754.2998)
	COLLECTED SERVICING FEES				41,~~997~~539.3055	4244,~~782~~544.5886	7577,~~905~~551.7716	~~160~~163,~~685~~635.6657
	Prepayment Interest Shortfall				0667.0006	03,436.0083	03,521.0016	07,625.0005
	Total Advanced Interest				~~384~~370,189.0173	~~375~~370,~~220~~940.7972	~~299~~312,~~322~~080.5373	1,~~058~~053,~~732~~211.3318
ADDITIONAL COLLATERAL INFORMATION					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Weighted Average Net Rate				7.~~648016~~549639%	7.~~840219~~802812%	7.~~259346~~250976%	7.~~532132~~488526%
	Largest Loan Balance				1,~~571~~570,~~948~~910.9469	393,~~900~~740.9955	1,~~120~~119,~~015~~371.8269	1,~~120~~119,~~015~~371.8269
	Next One-Month LIBOR							1.~~120000~~118750%
	Current One-Month LIBOR							1.120000%
				Page 10 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 10 of 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
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	Delinquency Report for November 25, 2003 Distribution
	Delinquency Report - Total
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			2820,~~977~~264,~~344~~379.6077	68,~~440~~105,~~238~~050.5775	45,~~499~~937,~~009~~133.9069	3934,~~916~~306,~~593~~564.0721
		% Balance			43.3411%	01.9624%	0.6791%	5.9826%
		# Loans			~~203~~148	4250	3343	~~278~~241
		% # Loans			43.5640%	01.9415%	0.7499%	65.2454%
FORECLOSURE		Balance		~~261,180.89~~-	~~514~~659,~~517~~280.3863	~~583~~382,~~400~~365.4686	8,~~737~~716,~~319~~875.7930	109,~~096~~758,~~418~~521.5279
		% Balance		0.0400%	0.0810%	0.0906%	1.3134%	1.5150%
		# Loans		1-	43	5	3739	47
		% # Loans		0.0200%	0.0907%	0.11%	0.8390%	1.0608%
BANKRUPTCY		Balance		1,~~577~~287,~~041~~599.2917	~~211~~172,~~099~~757.9152	~~174~~385,~~544~~453.2088	1,~~830~~874,~~577~~819.5535	3,~~793~~720,~~262~~629.9592
		% Balance		0.2420%	0.03%	0.0306%	0.2729%	0.57%
		# Loans		97	2	13	2019	3231
		% # Loans		0.2016%	0.0405%	0.0207%	0.4544%	0.7271%
REO		Balance		-	-	-	~~769~~768,~~612~~939.6945	~~769~~768,~~612~~939.6945
		% Balance		0.00%	0.00%	0.00%	0.12%	0.12%
		# Loans		-	-	-	4	4
		% # Loans		0.00%	0.00%	0.00%	0.09%	0.09%
TOTAL		Balance		1,~~838~~287,~~222~~599.1817	2921,~~702~~096,~~961~~417.8992	78,~~198~~872,~~183~~870.2349	1517,~~836~~297,~~519~~767.9379	5448,~~575~~554,~~887~~655.2337
		% Balance		0.2820%	43.4523%	1.0836%	2.3765%	87.1744%
		# Loans		107	~~209~~153	4858	94105	~~361~~323
		% # Loans		0.2216%	43.6951%	1.0833%	2.1141%	87.1142%
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
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	Saxon Asset Securities Trust 2003-1
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	Delinquency Report for November 25, 2003 Distribution
	Delinquency Report - Fixed Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			65,~~202~~774,~~192~~281.1946	~~802~~830,~~486~~337.2324	~~858~~664,~~947~~992.7879	7,~~863~~269,~~626~~611.2049
		% Balance			21.1199%	0.2729%	0.2923%	2.6751%
		# Loans			5345	910	11	7366
		% # Loans			2.4410%	0.4147%	0.51%	3.3608%
FORECLOSURE		Balance		-	-	~~201~~66,~~867~~251.1120	1,~~881~~594,~~417~~591.2693	21,~~083~~660,~~284~~843.3713
		% Balance		0.00%	0.00%	0.0702%	0.6455%	0.7157%
		# Loans		-	-	21	78	9
		% # Loans		0.00%	0.00%	0.0905%	0.3237%	0.4142%
BANKRUPTCY		Balance		~~506~~608,~~398~~776.5745	-48,039.96	174,~~544~~465.2096	355,~~893~~716.2457	1,~~036~~186,~~836~~998.0194
		% Balance		0.1721%	0.0002%	0.06%	0.12%	0.3541%
		# Loans		34	-1	1	5	911
		% # Loans		0.1419%	0.0005%	0.05%	0.23%	0.4151%
REO		Balance		-	-	-	~~116~~115,~~168~~978.4735	~~116~~115,~~168~~978.4735
		% Balance		0.00%	0.00%	0.00%	0.04%	0.04%
		# Loans		-	-	-	2	2
		% # Loans		0.00%	0.00%	0.00%	0.09%	0.09%
TOTAL		Balance		~~506~~608,~~398~~776.5745	65,~~202~~822,~~192~~321.1942	1,~~178~~071,~~897~~054.5440	32,~~212~~731,~~426~~279.7564	1110,~~099~~233,~~915~~431.0591
		% Balance		0.1721%	2.1101%	0.4037%	10.0994%	3.7753%
		# Loans		34	5346	12	2526	9388
		% # Loans		0.1419%	2.4415%	0.5556%	1.1521%	4.2811%
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
				Page 12 of 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Delinquency Report for October 27, 2003 Distribution
	Delinquency Report for November 25, 2003 Distribution
	Delinquency Report - Adjustable Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			128,~~213~~485,~~380~~340.4441	2,~~867~~861,~~347~~699.5350	2,~~001~~501,~~995~~294.8676	1713,~~082~~848,~~723~~334.8367
		% Balance			64.5670%	1.5458%	1.0738%	97.1767%
		# Loans			8867	2221	1419	~~124~~107
		% # Loans			65.4001%	1.6057%	1.0242%	98.0200%
FORECLOSURE		Balance		~~261,180.89~~-	~~335~~480,~~317~~197.1485	~~381~~316,~~533~~114.3566	2,~~434~~756,~~533~~390.8192	3,~~412~~552,~~565~~703.1943
		% Balance		0.1400%	0.1827%	0.2018%	1.3153%	1.8397%
		# Loans		1-	32	34	2022	2728
		% # Loans		0.0700%	0.2215%	0.2230%	1.4565%	12.9609%
BANKRUPTCY		Balance		~~512~~121,~~804~~406.1035	~~148~~124,~~120~~717.0456	-148,041.47	~~906~~632,~~330~~450.0379	1,~~567~~026,~~254~~616.17
		% Balance		0.2807%	0.0807%	0.0008%	0.4935%	0.8457%
		# Loans		41	1	-1	97	1410
		% # Loans		0.2907%	0.07%	0.0007%	0.6552%	10.0275%
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		~~773~~121,~~984~~406.9935	129,~~696~~090,~~817~~255.6282	3,~~248~~325,~~880~~855.8863	5,~~342~~890,~~859~~136.7047	2218,~~062~~427,~~543~~654.1927
		% Balance		0.4207%	65.8103%	1.7484%	23.8726%	1110.8420%
		# Loans		51	9270	2526	4348	~~165~~145
		% # Loans		0.3607%	65.6924%	1.8294%	3.1359%	1210.0085%
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
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	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Delinquency Report for October 27, 2003 Distribution
	Delinquency Report for November 25, 2003 Distribution
	Delinquency Report - Adjustable Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			106,~~561~~004,~~771~~757.9790	24,~~770~~413,~~404~~014.8101	12,~~638~~770,~~066~~846.2614	1413,~~970~~188,~~243~~618.0405
		% Balance			53.6530%	12.4843%	01.8852%	87.0125%
		# Loans			6236	1119	813	8168
		% # Loans			64.8712%	12.2218%	01.8949%	87.9779%
FORECLOSURE		Balance		-	179,~~200~~082.2478	-	4,~~421~~365,~~368~~892.7245	4,~~600~~544,~~568~~975.9623
		% Balance		0.00%	0.10%	0.00%	2.3740%	2.4650%
		# Loans		-	1	-	109	1110
		% # Loans		0.00%	0.11%	0.00%	1.1103%	1.2215%
BANKRUPTCY		Balance		557,~~838~~416.6237	~~62,979.87~~-	-62,946.45	~~568~~886,~~354~~651.2899	1,~~189~~507,~~172~~014.7781
		% Balance		0.3031%	0.0300%	0.0003%	0.3049%	0.6483%
		# Loans		2	1-	-1	67	910
		% # Loans		0.2223%	0.1100%	0.0011%	0.6680%	1.0015%
REO		Balance		-	-	-	~~653~~652,~~444~~961.2210	~~653~~652,~~444~~961.2210
		% Balance		0.00%	0.00%	0.00%	0.3536%	0.3536%
		# Loans		-	-	-	2	2
		% # Loans		0.00%	0.00%	0.00%	0.2223%	0.2223%
TOTAL		Balance		557,~~838~~416.6237	106,~~803~~183,~~952~~840.0868	24,~~770~~475,~~404~~960.8146	78,~~281~~676,~~233~~351.4868	2119,~~413~~893,~~428~~569.9919
		% Balance		0.3031%	53.7840%	12.4846%	34.9077%	1110.4694%
		# Loans		2	6437	1120	2631	~~103~~90
		% # Loans		0.2223%	74.0924%	12.2229%	23.8855%	1110.4131%
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
				Page 14 of 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	REO Report for October 27, 2003 Distribution
	REO Report for November 25, 2003 Distribution
	REO Report - Mortgage Loans that Become REO During Current Distribution
SUMMARY				LOAN GROUP
Total Loan Count = 0				Loan Group 1 = Fixed Group; REO Book Value = Not Available
Total Original Principal Balance = 000.00				Loan Group 2 = Adjustable Group; REO Book Value = Not Available
Total Current Balance = 000.00				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
SPACE INTENTIONALLY LEFT BLANK
				Page 15 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 15 of 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Foreclosure Report for October 27, 2003 Distribution
	Foreclosure Report for November 25, 2003 Distribution
	Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution
SUMMARY				LOAN GROUP
Total Loan Count = 5				Loan Group 1 = Fixed Group
Total Original Principal Balance = 932,000.00				Loan Group 2 = Adjustable Group
Total Original Principal Balance = 565,440.00				Loan Group 2 = Adjustable Group
Total Current Balance = 926,569.73				Loan Group 3 = Adjustable Group
Total Current Balance = 561,534.24				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
11520015 1		80,000.00	79,696.66	Jun-09-03	11.900%	NY - 32.00%	180	Sep-04-02
11567378 1		118,800.00	118,459.29	May-01-03	11.125%	FL - 90.00%	360	Feb-19-03
11542096 1		123,000.00	122,170.45	Jul-01-03	8.125%	WA - 68.33%	360	Nov-22-02
11569149 1		67,500.00	66,251.20	Aug-01-03	10.800%	LA - 90.00%	180	Feb-24-03
11545867 1		600,000.00	596,504.24	Jun-01-03	8.312%	TX - 63.83%	360	Dec-19-02
11540489 2		75,200.00	74,627.03	Apr-01-03	8.875%	AZ - 80.00%	360	Sep-27-02
11537471 2		40,000.00	39,697.59	Aug-01-03	9.250%	MI - 74.07%	360	Sep-18-02
11568837 2		200,000.00	198,696.31	May-01-03	7.750%	MS - 80.00%	360	Jan-29-03
11555882 2		89,000.00	88,500.79	Jun-01-03	8.500%	MI - 61.38%	360	Dec-13-02
11569293 3		103,940.00	103,500.41	Jul-01-03	9.990%	SC - 90.00%	360	Jan-27-03
				Page 16 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 16 of 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Prepayment Report for October 27, 2003 Distribution
	Prepayment Report for November 25, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Current
	Number of Paid in Full Loans				2829	3637	3231	9697
	Number of Repurchased Loans				-	-	-	-
	Total Number of Loans Prepaid in Full				2829	3637	3231	9697
	Paid in Full Balance				54,~~639~~794,~~667~~054.4410	5,~~757~~446,~~074~~569.7102	4,~~074~~341,~~550~~197.4572	1514,~~471~~581,~~292~~820.6084
	Repurchased Loans Balance				-	-	-	-
	Curtailments Amount				~~(115~~6,~~337~~373.~~66)~~56	~~(110~~8,~~169~~069.~~29)~~70	~~(248~~23,~~213~~998.~~60)~~26	~~(473~~38,~~720~~441.~~55)~~52
	Total Prepayment Amount				54,~~524~~800,~~329~~427.7866	5,~~646~~454,~~905~~638.4272	34,~~826~~365,~~336~~195.8598	14,~~997~~620,~~572~~262.0536
	Cumulative
	Number of Paid in Full Loans				~~106~~135	~~167~~204	~~160~~191	~~433~~530
	Number of Repurchased Loans				-	-	-	-
	Total Number of Loans Prepaid in Full				~~106~~135	~~167~~204	~~160~~191	~~433~~530
	Paid in Full Balance				2631,~~508~~302,~~204~~258.4050	2732,~~325~~772,~~834~~403.1517	2327,~~294~~635,~~449~~646.2294	7791,~~128~~710,~~487~~308.7761
	Repurchased Loans Balance				-	-	-	-
	Curtailments Amount				8995,~~521~~895.4400	99107,~~093~~163.8757	~~268~~292,~~240~~238.1642	~~456~~495,~~855~~296.4799
	Total Prepayment Amount				2631,~~597~~398,~~725~~153.8450	2732,~~424~~879,~~928~~566.0274	2327,~~562~~927,~~689~~885.3836	7792,~~585~~205,~~343~~605.2460
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
				Page 17 of 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Prepayment Report for October 27, 2003 Distribution
	Prepayment Report for November 25, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENT RATES					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	SMM				2.8757%	2.9493%	1.2848%	2.2019%
	3 Months Avg SMM				2.1041%	23.8117%	1.5864%	2.0729%
	12 Months Avg SMM
	Avg SMM Since Cut-off				1.9199%	12.9709%	1.1318%	1.5967%
	CPR				2926.5084%	30.1101%	1416.3542%	23.4035%
	3 Months Avg CPR				2225.4534%	2832.9903%	1718.3603%	2224.2223%
	12 Months Avg CPR
	Avg CPR Since Cut-off				2021.6747%	2122.2540%	1213.7622%	1718.5025%
	PSA				~~1650~~1355.0753%	~~1651~~1484.5826%	~~835~~857.5360%	~~1324~~1189.4069%
	3 Months Avg PSA Approximation				~~1411~~1418.1218%	~~1783~~1756.4438%	~~1143~~1050.3818%	~~1416~~1371.2789%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation				~~1709~~1644.6160%	~~1707~~1669.0233%	~~1122~~1071.3671%	~~1472~~1420.8563%
	Fixed		Adjustable
	Adjustable
CPR by Groups					Total CPR
PSA by Groups					Total PSA
				Page 18 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 18 of 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Prepayment Report for October 27, 2003 Distribution
	Prepayment Report for November 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
				Page 19 of 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for October 27, 2003 Distribution
	Prepayment Detail Report for November 25, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 96						Loan Group 1 = Fixed Group
Total Loan Count = 97						Loan Group 1 = Fixed Group
Total Original Principal Balance = 15,582,124.00						Loan Group 2 = Adjustable Group
Total Original Principal Balance = 14,712,292.70						Loan Group 2 = Adjustable Group
Total Prepayment Amount = 15,471,292.60						Loan Group 3 = Adjustable Group
Total Prepayment Amount = 14,581,820.84						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
10005206 1			15,600.00	14,113.14	Oct-01-03	13.125%	CA - 10.00%	Paid Off - 360	Jun-26-96
10010861 1			25,297.00	23,867.41	Nov-03-03	11.000%	MD - 20.91%	Paid Off - 180	Aug-27-97
11481651 1			38,500.00	37,125.24	Oct-01-03	11.625%	FL - 35.00%	Paid Off - 180	May-10-02
11456823 1			28,500.00	27,321.61	Nov-03-03	11.375%	TX - 11.83%	Paid Off - 180	Apr-04-02
11512487 1			91,000.00	90,711.21	Oct-01-03	13.000%	FL - 20.00%	Paid Off - 180	Aug-27-02
11504060 1			60,000.00	59,032.40	Nov-14-03	10.875%	TX - 23.53%	Paid Off - 240	Aug-09-02
11523976 1			84,000.00	83,737.89	Oct-01-03	12.690%	NE - 70.00%	Paid Off - 360	Sep-24-02
11510330 1			263,600.00	260,759.88	Nov-10-03	7.125%	CA - 43.21%	Paid Off - 360	Aug-27-02
11528774 1			82,472.00	82,179.79	Oct-01-03	12.500%	CA - 20.00%	Paid Off - 180	Aug-13-02
11515680 1			38,000.00	37,671.72	Oct-22-03	13.250%	CA - 20.00%	Paid Off - 180	Sep-13-02
11529837 1			36,000.00	35,885.78	Oct-01-03	13.990%	WA - 20.00%	Paid Off - 180	Aug-09-02
11537484 1			214,712.00	212,423.70	Oct-31-03	6.750%	CA - 80.00%	Paid Off - 180	Sep-18-02
11533029 1			148,000.00	146,675.50	Oct-01-03	6.875%	NJ - 80.00%	Paid Off - 360	Oct-29-02
11543121 1			139,500.00	139,470.49	Oct-21-03	7.875%	CA - 90.00%	Paid Off - 360	Nov-15-02
11534045 1			101,600.00	101,260.88	Oct-01-03	11.500%	IN - 80.00%	Paid Off - 360	Oct-26-02
11546379 1			155,935.00	155,099.40	Nov-03-03	8.125%	IN - 51.98%	Paid Off - 360	Dec-27-02
11535683 1			148,000.00	147,230.23	Oct-01-03	8.875%	MD - 82.22%	Paid Off - 360	Dec-19-02
11547104 1			183,600.00	182,539.62	Oct-27-03	7.750%	CA - 90.00%	Paid Off - 360	Jan-14-03
11536002 1			148,000.00	143,607.57	Oct-01-03	6.750%	MA - 40.55%	Paid Off - 180	Dec-17-02
11549936 1			87,000.00	84,428.67	Nov-07-03	6.800%	IL - 65.00%	Paid Off - 180	Dec-02-02
11541497 1			51,750.00	51,596.20	Oct-01-03	12.490%	CA - 15.00%	Paid Off - 180	Oct-07-02
11556370 1			236,000.00	234,420.49	Nov-04-03	7.000%	CA - 80.00%	Paid Off - 360	Jan-16-03
11541634 1			164,500.00	162,997.77	Oct-01-03	6.775%	MD - 74.77%	Paid Off - 180	Nov-21-02
11556754 1			162,000.00	160,594.08	Oct-30-03	6.275%	CT - 81.00%	Paid Off - 360	Dec-20-02
11542548 1			89,500.00	88,840.33	Oct-01-03	7.125%	VA - 79.91%	Paid Off - 360	Nov-27-02
11557493 1			265,000.00	264,158.62	Oct-20-03	10.000%	NY - 50.00%	Paid Off - 360	Feb-08-03
11547421 1			244,000.00	242,066.17	Oct-01-03	6.750%	CT - 90.37%	Paid Off - 360	Dec-23-02
11557823 1			77,600.00	77,129.08	Nov-17-03	7.500%	TX - 80.00%	Paid Off - 360	Jan-10-03
11550462 1			200,000.00	198,802.52	Oct-01-03	7.875%	RI - 57.14%	Paid Off - 360	Jan-02-03
11559274 1			213,750.00	212,711.16	Oct-21-03	11.625%	NY - 90.00%	Paid Off - 360	Jul-25-02
11554777 1			71,400.00	71,078.63	Oct-01-03	9.312%	OH - 85.00%	Paid Off - 180	Jan-16-03
11560194 1			244,000.00	242,297.55	Nov-03-03	8.750%	CA - 80.00%	Paid Off - 360	Oct-10-02
11559058 1			145,000.00	143,653.76	Oct-01-03	7.000%	CA - 75.52%	Paid Off - 360	Oct-08-02
11562374 1			145,000.00	143,854.58	Oct-30-03	7.990%	CA - 68.08%	Paid Off - 360	Nov-13-02
11559319 1			103,500.00	102,595.77	Oct-01-03	7.875%	FL - 90.00%	Paid Off - 360	Oct-22-02
11562707 1			264,000.00	263,125.29	Oct-20-03	10.450%	NJ - 80.00%	Paid Off - 180	Jan-21-03
11559724 1			87,000.00	83,760.35	Oct-01-03	9.500%	FL - 89.69%	Paid Off - 180	Jul-26-02
11563343 1			75,200.00	74,986.85	Oct-23-03	11.180%	CT - 65.39%	Paid Off - 360	Jan-21-03
11562389 1			114,300.00	113,469.42	Oct-01-03	7.750%	ME - 90.00%	Paid Off - 360	Nov-15-02
11563643 1			157,000.00	153,278.16	Nov-07-03	7.980%	VA - 76.59%	Paid Off - 180	Jan-16-03
11562439 1			202,000.00	200,810.62	Oct-01-03	7.125%	CA - 74.81%	Paid Off - 360	Feb-05-03
11564160 1			152,000.00	151,443.81	Nov-13-03	9.375%	MO - 80.00%	Paid Off - 360	Feb-13-03
11565100 1			111,000.00	110,049.49	Oct-01-03	7.875%	PA - 88.10%	Paid Off - 360	Jan-18-03
11564195 1			68,000.00	67,392.89	Nov-04-03	9.500%	FL - 85.00%	Paid Off - 180	Apr-25-02
11566701 1			129,280.00	128,612.37	Oct-01-03	7.625%	VT - 80.00%	Paid Off - 360	Feb-07-03
11564822 1			76,500.00	75,604.82	Nov-07-03	8.463%	FL - 90.00%	Paid Off - 240	Feb-20-03
11566909 1			143,000.00	141,872.03	Oct-01-03	7.000%	NJ - 60.85%	Paid Off - 360	Dec-20-02
11568249 1			142,800.00	142,013.78	Oct-23-03	7.990%	WI - 85.00%	Paid Off - 360	Jan-14-03
11567593 1			108,000.00	105,500.21	Oct-01-03	6.650%	TN - 83.08%	Paid Off - 180	Feb-07-03
11569532 1			51,000.00	50,781.55	Nov-10-03	10.875%	SC - 86.44%	Paid Off - 360	Feb-06-03
11569957 1			190,000.00	189,148.59	Oct-01-03	8.333%	CA - 73.08%	Paid Off - 360	Feb-05-03
11569639 1			72,250.00	72,108.82	Oct-29-03	12.250%	FL - 85.00%	Paid Off - 360	Feb-24-03
11572293 1			147,250.00	146,659.16	Oct-01-03	8.875%	CA - 95.00%	Paid Off - 360	Feb-04-03
11571080 1			144,000.00	143,451.16	Nov-04-03	9.650%	CA - 80.00%	Paid Off - 360	Feb-20-03
11573427 1			120,000.00	119,544.60	Oct-01-03	8.375%	TX - 80.00%	Paid Off - 360	Mar-04-03
11578151 1			94,000.00	93,483.21	Nov-14-03	6.500%	NC - 78.99%	Paid Off - 360	Mar-10-03
11574462 1			536,500.00	533,920.51	Oct-01-03	7.990%	MD - 69.68%	Paid Off - 360	Feb-21-03
11579359 1			188,000.00	186,792.14	Nov-05-03	7.500%	CA - 80.00%	Paid Off - 360	Jan-10-03
11578145 1			103,500.00	103,105.48	Oct-01-03	10.250%	FL - 90.00%	Paid Off - 360	Feb-27-03
11580510 1			80,500.00	80,206.56	Oct-21-03	8.625%	FL - 61.92%	Paid Off - 360	Mar-04-03
11583551 1			68,600.00	68,249.23	Oct-01-03	6.875%	MO - 70.00%	Paid Off - 360	Mar-21-03
11581188 1			270,000.00	268,748.22	Oct-31-03	7.375%	WI - 90.00%	Paid Off - 360	Mar-20-03
11584854 1		FCL	85,850.00	85,690.01	Oct-01-03	11.740%	MS - 85.00%	Paid Off - 360	Mar-19-03
11515343 2			62,000.00	61,681.30	Nov-11-03	10.375%	CT - 43.36%	Paid Off - 360	Sep-17-02
11513000 2			140,000.00	138,506.41	Oct-01-03	6.750%	CA - 58.33%	Paid Off - 360	Sep-10-02
11515762 2			287,920.00	286,039.31	Nov-05-03	7.125%	MA - 80.00%	Paid Off - 360	Jan-24-03
11529084 2			204,000.00	202,448.80	Oct-01-03	9.300%	MO - 85.00%	Paid Off - 360	Jul-11-02
11531097 2			138,900.00	138,277.71	Nov-13-03	11.875%	TX - 69.97%	Paid Off - 360	Nov-01-02
11532352 2			60,000.00	59,694.29	Oct-01-03	8.375%	MN - 52.63%	Paid Off - 360	Jan-17-03
11537487 2			100,000.00	99,441.39	Nov-07-03	9.990%	CA - 74.07%	Paid Off - 360	Sep-20-02
11538012 2			155,000.00	153,816.70	Oct-01-03	7.500%	VA - 51.67%	Paid Off - 360	Nov-15-02
11541093 2			239,500.00	238,156.56	Oct-23-03	8.500%	NJ - 77.26%	Paid Off - 360	Dec-18-02
11541437 2			231,000.00	229,699.11	Oct-01-03	6.375%	NV - 15.40%	Paid Off - 360	Mar-05-03
11541096 2			207,000.00	205,429.35	Nov-11-03	7.875%	VA - 90.00%	Paid Off - 360	Nov-07-02
11541554 2			308,000.00	306,357.63	Oct-01-03	8.750%	NV - 75.12%	Paid Off - 360	Dec-19-02
11544357 2			70,400.00	69,913.19	Nov-03-03	8.000%	OH - 80.00%	Paid Off - 360	Nov-08-02
11544996 2			58,900.00	58,636.16	Oct-01-03	9.125%	IL - 95.00%	Paid Off - 360	Dec-11-02
11546195 2			121,600.00	121,291.47	Oct-31-03	12.250%	OK - 32.00%	Paid Off - 360	Dec-13-02
11546589 2			205,275.00	203,796.30	Oct-01-03	7.750%	CA - 85.00%	Paid Off - 360	Dec-20-02
11551193 2			109,800.00	109,335.95	Oct-30-03	9.875%	CA - 90.00%	Paid Off - 360	Dec-20-02
11549693 2			55,000.00	54,835.59	Oct-01-03	11.500%	NJ - 55.00%	Paid Off - 360	Dec-17-02
11555550 2			177,000.00	175,908.75	Oct-21-03	7.420%	CT - 75.32%	Paid Off - 360	Jan-28-03
11550874 2			100,800.00	100,031.11	Oct-01-03	9.250%	CA - 80.00%	Paid Off - 360	Aug-07-02
11557387 2			146,250.00	145,658.30	Nov-05-03	9.500%	MA - 65.00%	Paid Off - 360	Jan-09-03
11554491 2			262,000.00	260,762.83	Oct-01-03	8.750%	CO - 58.22%	Paid Off - 360	Jan-17-03
11558828 2			176,000.00	174,000.51	Nov-06-03	7.250%	CA - 74.89%	Paid Off - 360	Jul-12-02
11558348 2			88,400.00	87,688.60	Oct-01-03	8.990%	FL - 85.00%	Paid Off - 360	Jul-09-02
11558829 2			77,850.00	77,337.15	Nov-12-03	9.990%	FL - 90.00%	Paid Off - 360	Aug-06-02
					Page 20 of 27				© COPYRIGHT 2003 Deutsche Bank
					Page 20 of 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for October 27, 2003 Distribution
	Prepayment Detail Report for November 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
11558418 2			127,500.00	126,120.58	Oct-01-03	8.500%	CA - 85.00%	Paid Off - 360	Sep-24-02
11559267 2			89,550.00	88,877.27	Oct-27-03	10.250%	CA - 90.00%	Paid Off - 360	Jun-12-02
11559548 2			270,000.00	268,163.63	Oct-01-03	7.250%	CA - 88.52%	Paid Off - 360	Jan-07-03
11559697 2			54,400.00	53,933.01	Oct-27-03	9.375%	MO - 85.00%	Paid Off - 360	May-16-02
11560176 2			196,000.00	194,303.56	Oct-01-03	8.990%	CA - 70.00%	Paid Off - 360	Jul-02-02
11559843 2			320,450.00	319,371.19	Nov-07-03	10.375%	VA - 85.00%	Paid Off - 360	Jan-10-03
11560193 2			279,000.00	276,458.34	Oct-01-03	8.250%	CA - 90.00%	Paid Off - 360	Aug-26-02
11560258 2			248,000.00	246,942.46	Oct-22-03	9.250%	CA - 80.00%	Paid Off - 360	Jan-17-03
11560294 2			280,400.00	278,260.93	Oct-01-03	6.875%	CA - 80.00%	Paid Off - 360	Jan-13-03
11560688 2			162,000.00	160,560.96	Oct-21-03	8.500%	FL - 72.00%	Paid Off - 360	Jul-25-02
11560696 2			126,000.00	125,391.72	Oct-01-03	11.125%	MI - 90.00%	Paid Off - 360	Aug-07-02
11560724 2			121,499.10	120,768.97	Nov-13-03	9.625%	FL - 90.00%	Paid Off - 360	Oct-04-02
11560712 2			130,500.00	129,734.87	Oct-01-03	9.750%	MO - 90.00%	Paid Off - 360	Sep-06-02
11561103 2			148,750.00	147,356.96	Oct-31-03	8.250%	CO - 85.00%	Paid Off - 360	Jul-23-02
11561762 2			99,000.00	98,508.19	Oct-01-03	8.500%	FL - 90.00%	Paid Off - 360	Jan-14-03
11561174 2			88,000.00	87,313.50	Nov-10-03	9.500%	MO - 89.80%	Paid Off - 360	Jun-12-02
11562250 2			178,400.00	176,993.75	Oct-01-03	6.250%	UT - 80.00%	Paid Off - 360	Jan-10-03
11562060 2			136,800.00	136,102.92	Oct-31-03	8.375%	CA - 90.00%	Paid Off - 360	Jan-17-03
11562321 2			200,000.00	199,169.68	Oct-01-03	8.900%	NY - 72.73%	Paid Off - 360	Jan-24-03
11562135 2			216,750.00	214,780.92	Oct-29-03	8.750%	WA - 85.00%	Paid Off - 360	Jun-13-02
11563299 2			243,750.00	242,226.06	Oct-01-03	8.990%	NY - 75.00%	Paid Off - 360	Oct-25-02
11564107 2			108,500.00	108,117.41	Nov-13-03	9.500%	FL - 70.00%	Paid Off - 360	Feb-14-03
11563303 2			66,500.00	65,837.09	Oct-01-03	8.990%	FL - 76.00%	Paid Off - 360	Oct-04-02
11564191 2			78,200.00	77,866.80	Oct-31-03	9.250%	NJ - 85.00%	Paid Off - 360	Jan-17-03
11564226 2			144,000.00	143,014.19	Oct-01-03	8.990%	UT - 90.00%	Paid Off - 360	Sep-13-02
11564425 2			63,750.00	63,590.37	Nov-05-03	11.750%	AR - 85.00%	Paid Off - 360	Jan-22-03
11565015 2			146,200.00	145,286.33	Oct-01-03	9.500%	NJ - 85.00%	Paid Off - 360	Sep-27-02
11565666 2			235,875.00	234,800.18	Oct-20-03	8.250%	NY - 75.00%	Paid Off - 360	Feb-15-03
11565379 2			196,000.00	194,787.59	Oct-01-03	8.750%	FL - 80.00%	Paid Off - 360	Jan-31-03
11567670 2			168,000.00	167,232.03	Nov-05-03	9.875%	FL - 80.00%	Paid Off - 360	Jan-23-03
11565913 2			100,000.00	99,477.40	Oct-01-03	8.250%	CT - 74.07%	Paid Off - 360	Jan-22-03
11568200 2			200,000.00	199,308.58	Oct-24-03	10.250%	CT - 80.00%	Paid Off - 360	Jan-23-03
11567774 2			110,250.00	109,803.96	Oct-01-03	9.500%	WI - 70.00%	Paid Off - 360	Jan-30-03
11568271 2			70,000.00	69,647.37	Oct-31-03	7.750%	VA - 78.21%	Paid Off - 360	Feb-03-03
11575770 2			211,500.00	210,511.63	Oct-01-03	8.125%	IL - 90.00%	Paid Off - 360	Feb-21-03
11570282 2			172,500.00	171,908.63	Nov-04-03	9.635%	CA - 75.00%	Paid Off - 360	Jan-30-03
11575991 2			92,000.00	91,675.57	Oct-01-03	9.500%	CA - 71.88%	Paid Off - 360	Feb-21-03
11571130 2			136,000.00	135,348.32	Nov-10-03	8.000%	IL - 80.00%	Paid Off - 360	Feb-12-03
11577696 2			107,950.00	107,706.69	Oct-01-03	9.990%	FL - 85.00%	Paid Off - 360	Feb-26-03
11571639 2			189,000.00	187,894.26	Oct-28-03	6.990%	FL - 90.00%	Paid Off - 360	Feb-13-03
11578080 2			140,250.00	139,798.29	Oct-01-03	10.590%	CA - 85.00%	Paid Off - 360	Jan-14-03
11572407 2			208,000.00	207,303.87	Oct-29-03	9.750%	NY - 59.43%	Paid Off - 360	Feb-11-03
11578743 2			111,920.00	111,303.80	Oct-01-03	7.990%	MO - 80.00%	Paid Off - 360	Jan-22-03
11574616 2			90,000.00	89,610.17	Nov-05-03	9.000%	AZ - 90.00%	Paid Off - 360	Feb-18-03
11579757 2			170,000.00	169,109.35	Oct-01-03	6.750%	IL - 85.00%	Paid Off - 360	Mar-07-03
11574914 2			183,600.00	183,001.50	Nov-14-03	9.875%	CA - 85.00%	Paid Off - 360	Feb-20-03
11581234 2			197,600.00	197,157.99	Oct-01-03	10.900%	MA - 80.00%	Paid Off - 360	Feb-27-03
11581974 2			72,800.00	72,460.43	Oct-20-03	7.750%	AZ - 80.00%	Paid Off - 360	Mar-10-03
11523502 3			87,300.00	86,546.39	Oct-01-03	7.375%	CA - 90.00%	Paid Off - 360	Oct-15-02
11524762 3			68,000.00	67,454.70	Nov-04-03	7.750%	MA - 50.00%	Paid Off - 360	Sep-27-02
11524207 3			180,000.00	178,926.88	Oct-01-03	9.250%	MA - 60.81%	Paid Off - 360	Oct-31-02
11530398 3			96,800.00	96,493.96	Nov-06-03	11.750%	MI - 80.00%	Paid Off - 360	Nov-07-02
11532135 3			305,000.00	301,565.73	Oct-01-03	6.750%	CA - 63.54%	Paid Off - 360	Oct-23-02
11534652 3			99,750.00	68,180.68	Nov-03-03	8.000%	DE - 75.00%	Paid Off - 360	Oct-24-02
11540842 3			152,000.00	150,615.21	Oct-01-03	8.250%	CA - 80.00%	Paid Off - 360	Aug-23-02
11536563 3			92,225.00	91,684.91	Nov-17-03	9.750%	CA - 85.00%	Paid Off - 360	Sep-18-02
11540893 3			64,000.00	63,554.51	Oct-01-03	8.750%	GA - 51.61%	Paid Off - 360	Sep-09-02
11537480 3			256,850.00	254,482.29	Nov-07-03	7.500%	CA - 80.00%	Paid Off - 360	Sep-19-02
11545500 3			468,000.00	463,867.05	Oct-01-03	6.750%	CA - 90.00%	Paid Off - 360	Nov-18-02
11540853 3			102,400.00	101,542.78	Nov-11-03	7.990%	CA - 80.00%	Paid Off - 360	Sep-11-02
11545954 3			135,000.00	134,321.04	Oct-01-03	9.875%	MI - 90.00%	Paid Off - 360	Nov-22-02
11540900 3			289,000.00	285,964.21	Nov-11-03	6.875%	CA - 85.00%	Paid Off - 360	Sep-24-02
11548293 3			109,655.00	108,810.72	Oct-01-03	6.900%	WA - 89.99%	Paid Off - 360	Dec-03-02
11553013 3			229,500.00	227,591.81	Nov-03-03	6.750%	CA - 90.00%	Paid Off - 360	Dec-11-02
11548918 3			171,000.00	169,855.46	Oct-01-03	7.000%	CA - 63.33%	Paid Off - 360	Jan-21-03
11555665 3			182,750.00	181,904.15	Nov-17-03	9.750%	VA - 85.00%	Paid Off - 360	Dec-17-02
11550741 3			280,000.00	279,055.37	Oct-01-03	10.990%	VA - 80.00%	Paid Off - 360	Dec-21-02
11557867 3			120,396.60	119,351.10	Oct-29-03	9.125%	GA - 90.00%	Paid Off - 360	Aug-30-02
11554293 3			348,750.00	346,051.82	Oct-01-03	6.875%	CA - 75.00%	Paid Off - 360	Dec-20-02
11558026 3			95,200.00	94,049.17	Nov-03-03	10.125%	MI - 85.00%	Paid Off - 360	May-06-02
11556654 3			896,000.00	892,566.12	Oct-01-03	9.875%	IL - 70.00%	Paid Off - 360	Jan-21-03
11558762 3			170,000.00	168,525.71	Oct-29-03	7.500%	OR - 85.00%	Paid Off - 360	Jan-23-03
11557176 3			140,850.00	139,610.89	Oct-01-03	8.375%	LA - 90.00%	Paid Off - 360	Jan-31-03
11558868 3			74,400.00	74,223.59	Nov-06-03	12.000%	CT - 80.00%	Paid Off - 360	Dec-31-02
11559709 3			72,250.00	71,610.00	Oct-01-03	8.875%	MO - 85.00%	Paid Off - 360	Jun-12-02
11559290 3			77,000.00	76,161.17	Oct-29-03	7.375%	MN - 70.00%	Paid Off - 360	Sep-23-02
11561195 3			158,950.00	157,403.15	Oct-01-03	8.250%	CO - 85.00%	Paid Off - 360	Jul-23-02
11559341 3			284,750.00	283,888.37	Nov-06-03	10.875%	CT - 85.00%	Paid Off - 360	Jan-08-03
11561216 3			108,000.00	107,119.92	Oct-01-03	8.125%	CT - 90.00%	Paid Off - 360	Sep-26-02
11560155 3			132,000.00	130,694.54	Oct-31-03	8.990%	CA - 80.00%	Paid Off - 360	May-24-02
11561523 3			276,800.00	273,919.80	Oct-01-03	6.875%	MD - 80.00%	Paid Off - 360	Sep-20-02
11560685 3			233,750.00	232,139.98	Nov-06-03	9.750%	NY - 85.00%	Paid Off - 360	Jul-16-02
11561872 3			112,100.00	110,794.32	Oct-01-03	7.125%	TN - 79.93%	Paid Off - 360	Jul-19-02
11560716 3			67,500.00	66,885.80	Oct-22-03	7.990%	OH - 90.00%	Paid Off - 360	Sep-16-02
11563064 3			130,000.00	129,187.34	Oct-01-03	8.990%	NH - 60.47%	Paid Off - 360	Oct-11-02
11564152 3			368,000.00	365,433.13	Nov-17-03	6.800%	CA - 80.00%	Paid Off - 360	Jan-23-03
11563313 3			121,550.00	120,861.73	Oct-01-03	8.990%	VA - 85.00%	Paid Off - 360	Nov-25-02
11564450 3			84,150.00	83,675.21	Nov-04-03	9.490%	AR - 85.00%	Paid Off - 360	Oct-31-02
11564404 3			237,700.00	235,310.70	Oct-01-03	7.500%	CA - 83.40%	Paid Off - 360	Aug-15-02
11565022 3			92,800.00	92,236.84	Nov-13-03	7.500%	CA - 49.89%	Paid Off - 360	Jan-21-03
11564498 3			199,800.00	198,661.43	Oct-01-03	7.125%	CA - 90.00%	Paid Off - 360	Feb-06-03
11565549 3			246,500.00	245,004.11	Nov-03-03	7.500%	CA - 85.00%	Paid Off - 360	Jan-24-03
11565982 3			131,750.00	130,889.45	Oct-01-03	7.125%	CA - 85.00%	Paid Off - 360	Jan-27-03
11569371 3			337,500.00	334,890.90	Oct-31-03	6.250%	CA - 90.00%	Paid Off - 360	Jan-23-03
11566892 3			180,000.00	178,517.58	Oct-01-03	6.550%	NJ - 80.00%	Paid Off - 360	Dec-20-02
11570890 3			152,000.00	151,244.47	Oct-23-03	7.875%	CA - 80.00%	Paid Off - 360	Feb-05-03
11568799 3			280,800.00	278,548.90	Oct-01-03	7.250%	NY - 80.00%	Paid Off - 360	Nov-22-02
11573534 3			425,000.00	422,132.69	Nov-11-03	6.250%	VA - 84.16%	Paid Off - 360	Feb-13-03
11577608 3			136,500.00	136,052.52	Oct-01-03	10.500%	CA - 65.00%	Paid Off - 360	Jan-24-03
11578748 3			70,700.00	70,396.93	Nov-06-03	9.500%	WA - 78.56%	Paid Off - 360	Jan-13-03
11578461 3			143,172.00	142,640.28	Oct-01-03	9.250%	MN - 85.00%	Paid Off - 360	Feb-28-03
11579845 3			73,800.00	73,466.57	Nov-14-03	8.750%	FL - 90.00%	Paid Off - 360	Feb-27-03
11580644 3			53,000.00	52,803.15	Oct-01-03	9.250%	OH - 74.65%	Paid Off - 360	Feb-28-03
11582854 3			290,933.00	289,364.34	Nov-04-03	7.000%	CA - 78.63%	Paid Off - 360	Mar-06-03
					Page 21 of 27				© COPYRIGHT 2003 Deutsche Bank
					Page 21 of 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Realized Loss Report for October 27, 2003 Distribution
	Prepayment Detail Report for November 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
69700133 3			47,250.00	44,989.99	Oct-22-03	9.500%	GA - 90.00%	Paid Off - 360	Jul-29-97
					Page 22 of 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Realized Loss Report for November 25, 2003 Distribution
	Realized Loss Report - Collateral
COLLATERAL REALIZED LOSSES					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Current
	Number of Loans Liquidated				-1	-1	-	-2
	Collateral Realized Loss/(Gain) Amount				-17,981.67	-4,268.99	-	-22,250.66
	Net Liquidation Proceeds				-111,799.85	-126,987.23	-	-238,787.08
	Cumulative
	Number of Loans Liquidated				12	-1	1	24
	Collateral Realized Loss/(Gain) Amount				826,~~074~~056.8047	-4,268.99	5,315.24	1335,~~390~~640.0470
	Net Liquidation Proceeds				~~242~~354,~~506~~306.4934	-126,987.23	103,624.91	~~346~~584,~~131~~918.4048
	Note: Collateral Realized Loss Amount may include adjustments to loans liquidated in prior periods.
	Current Principal Loss				09,812.0026	0.00	0.00	09,812.0026
	Current Interest Loss/Expenses				08,169.0041	04,268.0099	0.00	012,438.0040
	Additional Losses from Prior Periods				0.00	0.00	0.00	0.00
	TOTAL REALIZED LOSSES				017,981.0067	04,268.0099	0.00	022,250.0066
	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
				Page 23 of 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Realized Loss Report for October 27, 2003 Distribution
	Realized Loss Report for November 25, 2003 Distribution
	Realized Loss Report - Collateral
DEFAULT SPEEDS					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	MDR				0.0007%	0.0007%	0.00%	0.0004%
	3 Months Avg MDR				0.0002%	0.0002%	0.01%	0.0102%
	12 Months Avg MDR
	Avg MDR Since Cut-off				0.02%	0.0001%	0.0100%	0.01%
	CDR				0.0083%	0.0084%	0.00%	0.0047%
	3 Months Avg CDR				0.0028%	0.0028%	0.14%	0.0622%
	12 Months Avg CDR
	Avg CDR Since Cut-off				0.2128%	0.0011%	0.0605%	0.0913%
	SDA				04.0019%	04.0017%	0.00%	02.0039%
	3 Months Avg SDA Approximation				01.0055%	01.0054%	0.9483%	01.4024%
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation				12.7118%	0.0079%	0.5443%	01.7204%
	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
				Page 24 of 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Realized Loss Report for October 27, 2003 Distribution
	Realized Loss Report for November 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
				Page 25 of 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Realized Loss Detail Report for October 27, 2003 Distribution
	Realized Loss Detail Report for November 25, 2003 Distribution
	Realized Loss Detail Report - Loans Liquidated During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 0						Loan Group 1 = Fixed Group
Total Loan Count = 2						Loan Group 1 = Fixed Group
Total Original Principal Balance = 0.00						Loan Group 2 = Adjustable Group
Total Original Principal Balance = 262,300.00						Loan Group 2 = Adjustable Group
Total Prior Principal Balance = 0.00						Loan Group 3 = Adjustable Group
Total Prior Principal Balance = 261,037.74						Loan Group 3 = Adjustable Group
Total Realized Loss Amount = 0.00
Total Realized Loss Amount = 22,250.66
Total Net Liquidation Proceeds = 0.00
Total Net Liquidation Proceeds = 238,787.08
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
SPACE INTENTIONALLY LEFT BLANK
11538846 2			131,800.00	131,256.22	-	9.990%	VA - 79.88%	360	Dec-03-02
					Page 25 of 27				© COPYRIGHT 2003 Deutsche Bank
11561673 3		FLC	130,500.00	129,781.52	9,812.26	7.990%	AZ - 90.00%	360	Jan-08-03
					Page 26 of 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Triggers, Adj. Rate Cert. and Miscellaneous Report for October 27, 2003 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report for November 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				1013,~~051~~152,~~638~~312.2914	89,~~591~~215,~~740~~992.5810	43,~~391~~802,~~324~~334.2904	2326,~~034~~170,~~703~~638.1628
ADJUSTABLE RATE CERTIFICATE INFORMATION					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
SPACE INTENTIONALLY LEFT BLANK
ADDITIONAL INFORMATION					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Fixed Rate Net WAC Cap							5.~~907445~~889379%
	Fixed Rate Net WAC Cap (AF-1 only)							56.~~538230~~092461%
	Variable Net WAC Cap							56.~~722403~~231259%
	Subordinate Net WAC Cap							56.~~645929~~173986%
	Subordinate Net WAC Cap (BF only)							65.~~022324~~968187%
				Page 26 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 27 of 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Additional Certificate Report for October 27, 2003 Distribution
	Additional Certificate Report for November 25, 2003 Distribution
	Additional Certificate Report
	CLASS				Optimal Pass-Through Rate	Cap Carryover Amt	Civil Relief Act Shortfall	Unpaid Realized Loss Amt
	AF-1				1.220000%	0.00	428.4720	0.00
	AF-2				2.390000%	0.00	378.8560	0.00
	AF-3				2.920000%	0.00	5612.7789	0.00
	AF-4				3.960000%	0.00	4510.28	0.00
	AF-5				4.955000%	0.00	7316.2864	0.00
	AF-6				4.295000%	0.00	378.6154	0.00
	AF-7				3.534000%	0.00	8218.3032	0.00
	AV-1				1.430000%	0.00	0.00	0.00
	AV-2				1.440000%	0.00	0.00	0.00
	AF-IO				4.150000%	0.00	~~208~~46.0291	0.00
	AV-IO				4.150000%	0.00	0.00	0.00
	S				0.217500%	0.00	0.00	0.00
	M-1				1.820000%	0.00	459.0026	0.00
	M-2				2.820000%	0.00	6112.0055	0.00
	M-3				3.620000%	0.00	224.3760	0.00
	BF				6.000000%	0414.0023	4810.2991	0.00
	BV				4.620000%	0.00	122.6961	0.00
				Page 27 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 28 of 28				© COPYRIGHT 2003 Deutsche Bank

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