
                                    UNITED STATES
                          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): August 25, 2005
                             (Date of earliest event reported)


                             SAXON ASSET SECURITIES COMPANY,
           (as Depositor, under the Trust Agreement dated as of May 1, 2005
         and the Sale and Servicing Agreement, dated May 1, 2005, providing
       for the issuance of Saxon Asset Securities Trust 2005-2 Mortgage Loan
                          Asset Backed Notes, Series 2005-2)
                    (Exact name of registrant as specified in charter)



                                         VIRGINIA
                     (State or Other Jurisdiction of Incorporation)

               333-111832-05                           52-1865887
          (Commission File Number)        (I.R.S. Employer Identification No.)


           4880 Cox Road Suite 100
           Glen Allen, Virginia                           23060
          (Address of principal executive offices)     (Zip Code)


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



             (Former name or former address, if changed since last report.)


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

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

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

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

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


     Item 8.01 Other Events.

     This current report on Form 8-K relates to the monthly distribution
     reported to the holders of
     Saxon Asset Securities Trust 2005-2 Mortgage Loan Asset Backed Notes,
     Series 2005-2 which was made on May 1, 2005


     Item 9.01 Financial Statements and Exhibits.

     (c) Exhibits

     Exhibit No. Description

     99.1 Monthly Remittance Statement to the Certificateholders dated as of
     August 25, 2005.


                                  SIGNATURES


    Pursuant to the requirements of the Securities Exchange Act of 1934, the
    Registrant has duly
    caused this report to be signed on behalf of the Registrant by the
    undersigned thereunto duly authorized.



                                  DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                  IN ITS CAPACITY AS INDENTURE TRUSTEE
                                  UNDER THE SALE AND SERVICING AGREEMENT
                                  ON BEHALF OF SAXON ASSET SECURITIES
                                  COMPANY, REGISTRANT



          Date:  Aug 26, 2005               By:  /s/  Katherine M. Wannenmacher
                                            Katherine M. Wannenmacher
                                            Vice President



                                   EXHIBIT INDEX

         DOCUMENT

         99.1 Monthly Remittance Statement to the Certificateholders dated as of
              August 25, 2005.



Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-2

August 25, 2005 Distribution

				External Parties						Table of Contents

													Page
				Seller									Page
				Seller						1. Certificate Payment Report					2
				Saxon						1. Certificate Payment Report					2
				Saxon						2. Collection Account Report					4
										2. Collection Account Report					4
										3. Credit Enhancement Report					6
										4. Collateral Report					7
				Certificate Insurer(s)						5. Delinquency Report					10
				Certificate Insurer(s)						5. Delinquency Report					10
										6. REO Report					13

										7. Foreclosure Report					14
										8. Prepayment Report					15
										9. Prepayment Detail Report					18
										9. Prepayment Detail Report					18
										10. Realized Loss Report					21
										11. Realized Loss Detail Report					24
				Servicer(s)						11. Realized Loss Detail Report					24
				Servicer(s)						12. Triggers and Adj. Cert. Report					25
				Saxon						12. Triggers and Adj. Cert. Report					25
				Saxon						13. Additional Certificate Report					26
										13. Additional Certificate Report					26


				Underwriter(s)
				CS First Boston


										Total Number of Pages					26
										Total Number of Pages

				Dates						Contacts

				Cut-Off Date:			May 01, 2005			Tim Avakian
				Close Date:			June 07, 2005			Administrator
				First Distribution Date:			June 27, 2005			(714) 247-6279
										tim.avakian@db.com
										tim.avakian@db.com
										Address:
										1761 E. St. Andrew Place, Santa Ana, CA 92705
				Distribution Date:			August 25, 2005
										Factor Information:			(800) 735-7777
				Record Date:			July 29, 2005			Factor Information:			(800) 735-7777
										Main Phone Number:			(714) 247-6000

							August 24, 2005
							August 24, 2005

										https://www.tss.db.com/invr






Page 1 of 26
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-2

August 25, 2005 Distribution
Certificate Payment Report
Current Period Distribution -
					Prior												Current
	Class		Original		Principal						Total		Realized		Deferred		Principal
	Class		Original		Principal						Total		Realized		Deferred		Principal
Class	Type	Cur	Face Value		Balance		Interest		Principal		Distribution		Loss		Interest		Balance


					(1)		(2)		(3)		(4)=(2)+(3)		(5)		(6)		(7)=(1)-(3)-(5)+(6)

A-1A	SR	$	305,690,000.00		296,841,611.03		938,101.95		7,688,130.68		8,626,232.63		0.00		0.00		289,153,480.35
A-1A	SR	$	305,690,000.00		296,841,611.03		938,101.95		7,688,130.68		8,626,232.63		0.00		0.00		289,153,480.35
A-1B	SR	$	76,420,000.00		74,207,975.12		237,073.87		1,921,969.79		2,159,043.66		0.00		0.00		72,286,005.33
A-2A	SR	$	220,760,000.00		213,145,238.44		651,573.15		10,450,962.29		11,102,535.44		0.00		0.00		202,694,276.15
A-2B	SR	$	39,660,000.00		39,660,000.00		123,629.03		0.00		123,629.03		0.00		0.00		39,660,000.00
A-2C	SR	$	104,410,000.00		104,410,000.00		331,762.78		0.00		331,762.78		0.00		0.00		104,410,000.00
A-2D	SR	$	20,400,000.00		20,400,000.00		66,577.67		0.00		66,577.67		0.00		0.00		20,400,000.00
M-1	SUB	$	53,900,000.00		53,900,000.00		180,085.89		0.00		180,085.89		0.00		0.00		53,900,000.00
M-2	SUB	$	45,080,000.00		45,080,000.00		151,393.67		0.00		151,393.67		0.00		0.00		45,080,000.00
M-3	SUB	$	15,680,000.00		15,680,000.00		53,063.73		0.00		53,063.73		0.00		0.00		15,680,000.00
M-4	SUB	$	31,850,000.00		31,850,000.00		112,173.93		0.00		112,173.93		0.00		0.00		31,850,000.00
M-5	SUB	$	15,190,000.00		15,190,000.00		53,759.94		0.00		53,759.94		0.00		0.00		15,190,000.00
M-6	SUB	$	11,270,000.00		11,270,000.00		40,371.64		0.00		40,371.64		0.00		0.00		11,270,000.00
B-1	SUB	$	20,090,000.00		20,090,000.00		80,616.71		0.00		80,616.71		0.00		0.00		20,090,000.00
B-2	SUB	$	9,800,000.00		9,800,000.00		40,169.11		0.00		40,169.11		0.00		0.00		9,800,000.00
B-3	SUB	$	9,800,000.00		9,800,000.00		43,966.61		0.00		43,966.61		0.00		0.00		9,800,000.00
TRUST	NOF/SUB	$	0.00		0.00		2,655,341.58		0.00		2,655,341.58		0.00		0.00		0.00


Total			980,000,000.00		961,324,824.59		5,759,661.26		20,061,062.76		25,820,724.02		0.00		0.00		941,263,761.83
Total




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

									(1)		(1)		(2)		(3)		(4)=(2)+(3)	(5)
A-1A	07/25/05		08/24/05		A-Act/360		805564RW3		305,690,000.00		971.054372		3.068802		25.150089		28.218890	945.904283
A-1B	07/25/05		08/24/05		A-Act/360		805564RX1		76,420,000.00		971.054372		3.102249		25.150089		28.252338	945.904283
A-2A	07/25/05		08/24/05		A-Act/360		805564RY9		220,760,000.00		965.506606		2.951500		47.340833		50.292333	918.165773
A-2B	07/25/05		08/24/05		A-Act/360		805564RZ6		39,660,000.00		1,000.000000		3.117222		0.000000		3.117222	1,000.000000
A-2C	07/25/05		08/24/05		A-Act/360		805564SA0		104,410,000.00		1,000.000000		3.177500		0.000000		3.177500	1,000.000000
A-2D	07/25/05		08/24/05		A-Act/360		805564SB8		20,400,000.00		1,000.000000		3.263611		0.000000		3.263611	1,000.000000
M-1	07/25/05		08/24/05		A-Act/360		805564SC6		53,900,000.00		1,000.000000		3.341111		0.000000		3.341111	1,000.000000
M-2	07/25/05		08/24/05		A-Act/360		805564SD4		45,080,000.00		1,000.000000		3.358333		0.000000		3.358333	1,000.000000
M-3	07/25/05		08/24/05		A-Act/360		805564SE2		15,680,000.00		1,000.000000		3.384166		0.000000		3.384166	1,000.000000
M-4	07/25/05		08/24/05		A-Act/360		805564SF9		31,850,000.00		1,000.000000		3.521944		0.000000		3.521944	1,000.000000
M-5	07/25/05		08/24/05		A-Act/360		805564SG7		15,190,000.00		1,000.000000		3.539167		0.000000		3.539167	1,000.000000
M-6	07/25/05		08/24/05		A-Act/360		805564SH5		11,270,000.00		1,000.000000		3.582222		0.000000		3.582222	1,000.000000
B-1	07/25/05		08/24/05		A-Act/360		805564SJ1		20,090,000.00		1,000.000000		4.012778		0.000000		4.012778	1,000.000000
B-2	07/25/05		08/24/05		A-Act/360		805564SK8		9,800,000.00		1,000.000000		4.098889		0.000000		4.098889	1,000.000000
B-3	07/25/05		08/24/05		A-Act/360		805564SL6		9,800,000.00		1,000.000000		4.486389		0.000000		4.486389	1,000.000000
TRUST	07/25/05		08/24/05		F-30/360				0.00		0.000000		0.000000		0.000000		0.000000	0.000000




Page 2 of 26
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-2

August 25, 2005 Distribution

Distribution to Date -
																	Current


	Original				Unscheduled		Scheduled		Total		Total		Realized		Deferred		Principal

Class	Face Value		Interest		Principal		Principal		Principal		Distribution		Loss		Interest		Balance
	(1)		(2)		(3)		(4)		(5)=(3)+(4)		(6)=(2)+(5)		(7)		(8)		(9)=(1)-(5)-(7)+(8)
A-1A	305,690,000.00		2,338,268.30		16,017,504.95		519,014.70		16,536,519.65		18,874,787.95		0.00		0.00		289,153,480.35
A-1B	76,420,000.00		591,151.06		4,004,245.24		129,749.43		4,133,994.67		4,725,145.73		0.00		0.00		72,286,005.33
A-2A	220,760,000.00		1,626,194.93		17,528,497.03		537,226.82		18,065,723.85		19,691,918.78		0.00		0.00		202,694,276.15
A-2B	39,660,000.00		303,952.74		0.00		0.00		0.00		303,952.74		0.00		0.00		39,660,000.00
A-2C	104,410,000.00		816,232.83		0.00		0.00		0.00		816,232.83		0.00		0.00		104,410,000.00
A-2D	20,400,000.00		163,955.16		0.00		0.00		0.00		163,955.16		0.00		0.00		20,400,000.00
M-1	53,900,000.00		443,840.51		0.00		0.00		0.00		443,840.51		0.00		0.00		53,900,000.00
M-2	45,080,000.00		373,190.58		0.00		0.00		0.00		373,190.58		0.00		0.00		45,080,000.00
M-3	15,680,000.00		130,837.68		0.00		0.00		0.00		130,837.68		0.00		0.00		15,680,000.00
M-4	31,850,000.00		276,946.93		0.00		0.00		0.00		276,946.93		0.00		0.00		31,850,000.00
M-5	15,190,000.00		132,749.06		0.00		0.00		0.00		132,749.06		0.00		0.00		15,190,000.00
M-6	11,270,000.00		99,727.80		0.00		0.00		0.00		99,727.80		0.00		0.00		11,270,000.00
B-1	20,090,000.00		199,818.85		0.00		0.00		0.00		199,818.85		0.00		0.00		20,090,000.00
B-2	9,800,000.00		99,623.16		0.00		0.00		0.00		99,623.16		0.00		0.00		9,800,000.00
B-3	9,800,000.00		109,300.66		0.00		0.00		0.00		109,300.66		0.00		0.00		9,800,000.00
TRUST	0.00		6,535,152.11		0.00		0.00		0.00		6,535,152.11		0.00		0.00		0.00


Total	980,000,000.00		14,240,942.36		37,550,247.22		1,185,990.95		38,736,238.17		52,977,180.53		0.00		0.00		941,263,761.83


Interest Detail -
	Pass		Prior Principal				Non-		Prior		Unscheduled				Paid or		Current
	Pass		Prior Principal				Non-		Prior		Unscheduled				Paid or

	Through		(with Notional)		Accrued		Supported		Unpaid		Interest		Optimal		Deferred		Unpaid

Class	Rate		Balance		Interest		Interest SF		Interest		Adjustment		Interest		Interest		Interest
					(1)		(2)		(3)		(4)		(5)=(1)-(2)+(3)+(4)		(6)		(7)=(5)-(6)
A-1A	3.67000%		296,841,611.03		938,101.95		0.00		0.00		0.00		938,101.95		938,101.95		0.00
A-1B	3.71000%		74,207,975.12		237,073.87		0.00		0.00		0.00		237,073.87		237,073.87		0.00
A-2A	3.55000%		213,145,238.44		651,573.15		0.00		0.00		0.00		651,573.15		651,573.15		0.00
A-2B	3.62000%		39,660,000.00		123,629.03		0.00		0.00		0.00		123,629.03		123,629.03		0.00
A-2C	3.69000%		104,410,000.00		331,762.78		0.00		0.00		0.00		331,762.78		331,762.78		0.00
A-2D	3.79000%		20,400,000.00		66,577.67		0.00		0.00		0.00		66,577.67		66,577.67		0.00
M-1	3.88000%		53,900,000.00		180,085.89		0.00		0.00		0.00		180,085.89		180,085.89		0.00
M-2	3.90000%		45,080,000.00		151,393.67		0.00		0.00		0.00		151,393.67		151,393.67		0.00
M-3	3.93000%		15,680,000.00		53,063.73		0.00		0.00		0.00		53,063.73		53,063.73		0.00
M-4	4.09000%		31,850,000.00		112,173.93		0.00		0.00		0.00		112,173.93		112,173.93		0.00
M-5	4.11000%		15,190,000.00		53,759.94		0.00		0.00		0.00		53,759.94		53,759.94		0.00
M-6	4.16000%		11,270,000.00		40,371.64		0.00		0.00		0.00		40,371.64		40,371.64		0.00
B-1	4.66000%		20,090,000.00		80,616.71		0.00		0.00		0.00		80,616.71		80,616.71		0.00
B-2	4.76000%		9,800,000.00		40,169.11		0.00		0.00		0.00		40,169.11		40,169.11		0.00
B-3	5.21000%		9,800,000.00		43,966.61		0.00		0.00		0.00		43,966.61		43,966.61		0.00
TRUST	0.00000%		0.00		0.00		327.70		0.00		0.00		-327.70		2,655,341.58		0.00


Total			961,324,824.59		3,104,319.68		327.70		0.00		0.00		3,103,991.98		5,759,661.26		0.00



Page 3 of 26
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-2

August 25, 2005 Distribution
Collection Account Report
SUMMARY
SUMMARY
										Group 2		Group 1		Total
Principal Collections										10,442,162.07		9,609,389.73		20,051,551.80
Principal Withrawals										0.00		0.00		0.00
Principal Other Accounts										8,800.22		710.74		9,510.96
TOTAL NET PRINCIPAL										10,450,962.29		9,610,100.47		20,061,062.76
Interest Collections										2,898,158.51		2,868,018.43		5,766,176.94
Interest Withdrawals										-0.00		-0.00		-0.00
Interest Other Accounts										0.00		0.00		275,498.03
Interest Fees										-122,737.99		-122,184.97		-241,958.90
TOTAL NET INTEREST										2,775,420.52		2,745,833.46		5,799,716.07
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION										13,226,382.81		12,355,933.93		25,860,778.83
Retained Interest paid to SAXON Funding Management														40,054.81



PRINCIPAL - COLLECTIONS
PRINCIPAL - COLLECTIONS
											Group 2		Group 1		Total
Scheduled Principal Received											229,140.40		243,131.01		472,271.41
Curtailments											23,931.61		30,142.63		54,074.24
Prepayments In Full											10,189,090.06		9,336,116.09		19,525,206.15
Repurchased/Substitutions											0.00		0.00		0.00
Liquidations											0.00		0.00		0.00
Other Additional Principal											0.00		0.00		0.00
Delinquent Principal											-43,252.32		-41,005.26		-84,257.58
Realized Losses											-0.00		-0.00		-0.00
Advanced Principal											43,252.32		41,005.26		84,257.58
TOTAL PRINCIPAL COLLECTED											10,442,162.07		9,609,389.73		20,051,551.80


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



PRINCIPAL - OTHER ACCOUNTS
PRINCIPAL - OTHER ACCOUNTS
										Group 2		Group 1		Total
TOTAL PRINCIPAL OTHER ACCOUNTS										8,800.22		710.74		9,510.96





Page 4 of 26
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-2

August 25, 2005 Distribution

INTEREST - COLLECTIONS
INTEREST - COLLECTIONS
										Group 2		Group 1		Total
Scheduled Interest										2,915,409.03		2,884,599.74		5,800,008.77
Repurchased/Substitution Interest										0.00		0.00		0.00
Liquidation Interest										0.00		0.00		0.00
Other Additional Interest										0.00		0.00		0.00
Prepayment Interest Shortfalls										-4,201.18		-4,710.62		-8,911.80
Delinquent Interest										-521,901.40		-495,594.47		-1,017,495.87
Compensating Interest										4,201.18		4,710.62		8,911.80
Civil Relief Act Shortfalls										-0.00		-327.70		-327.70
Interest Advanced										504,650.87		479,340.86		983,991.73
TOTAL INTEREST COLLECTED										2,898,158.51		2,868,018.43		5,766,176.94


INTEREST - WITHDRAWALS
INTEREST - WITHDRAWALS
										Group 2		Group 1		Total
TOTAL INTEREST WITHDRAWALS										0.00		0.00		0.00



INTEREST - OTHER ACCOUNTS
INTEREST - OTHER ACCOUNTS
										Group 2		Group 1		Total
Prepayment Charges														275,498.03
TOTAL INTEREST OTHER ACCOUNTS										0.00		0.00		275,498.03



INTEREST - FEES
INTEREST - FEES
										Group 2		Group 1		Total
Current Servicing Fees										83,659.10		83,110.79		166,769.89
Master Servicing Fees										20,181.93		#######		40,054.81
PMI Insurance Fees										17,403.50		17,730.70		35,134.20
TOTAL INTEREST FEES										122,737.99		122,184.97		241,958.90




Page 5 of 26
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Mortgage Pass-Through Certificates
2005-2

August 25, 2005 Distribution
Credit Enhancement Report
ACCOUNTS


SPACE INTENTIONALLY LEFT BLANK





INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES
STRUCTURAL FEATURES
										Group 2		Group 1		Total
Overcollateralization Amount														0.00
Overcollateralization Target Amount														0.00
Overcollateralization Deficiency Amount														0.00
Overcollateralization Release Amount														0.00



Page 6 of 26
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Mortgage Pass-Through Certificates
2005-2

August 25, 2005 Distribution
Collateral Report


COLLATERAL



											Group 2		Group 1		Total



Loan Count:


Original										1,823		2,546		4,369
Prior										2,252		3,153		5,405
Prefunding										459		659		1,118
Scheduled Paid Offs										-0		-0		-0
Full Voluntary Prepayments										-44		-47		-91
Repurchases										-0		-0		-0
Liquidations										-0		-0		-0
Current										2,208		3,106		5,314
Principal Balance:


Original										390,226,485.44		386,788,598.24		777,015,083.68
Prior										484,366,210.20		476,949,103.43		961,315,313.63
Prefunding										101,753,991.74		101,221,413.62		202,975,405.36
Scheduled Principal										-229,140.40		-243,131.01		-472,271.41
Partial Prepayments										-23,931.61		-30,142.63		-54,074.24
Full Voluntary Prepayments										-10,189,090.06		-9,336,116.09		-19,525,206.15
Repurchases										-0.00		-0.00		-0.00
Liquidations										-0.00		-0.00		-0.00
Current										473,924,048.13		467,339,713.70		941,263,761.83





PREFUNDING
PREFUNDING
										Group 2		Group 1		Total
Prefunding Account Original Balance										101,762,791.96		101,222,124.36		202,984,916.32
Prefunding Account Month Begining Balance										101,762,791.96		101,222,124.36		202,984,916.32
Subsequent Loans Added to the Pool for the month										101,753,991.74		101,221,413.62		202,975,405.36
Prefunding Release to Certificate Holders										8,800.22		710.74		9,510.96
Prefunding Account Month Ending Balance										0.00		0.00		0.00





Page 7 of 26
Saxon Asset Securities Trust 2005-2

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Mortgage Pass-Through Certificates
2005-2

August 25, 2005 Distribution

CHARACTERISTICS
CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Coupon Original										7.24493%		7.26906%		7.25694%
Weighted Average Coupon Prior										7.24063%		7.26917%		7.25481%
Weighted Average Coupon Current										7.22282%		7.25763%		7.24009%
Weighted Average Months to Maturity Original										354		353		353
Weighted Average Months to Maturity Prior										353		352		352
Weighted Average Months to Maturity Current										353		351		352
Weighted Avg Remaining Amortization Term Original										354		353		353
Weighted Avg Remaining Amortization Term Prior										353		352		352
Weighted Avg Remaining Amortization Term Current										353		351		352
Weighted Average Seasoning Original										2.08		1.98		2.03
Weighted Average Seasoning Prior										3.05		2.97		3.01
Weighted Average Seasoning Current										3.59		3.53		3.56









Page 8 of 26
Saxon Asset Securities Trust 2005-2

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Mortgage Pass-Through Certificates
2005-2

August 25, 2005 Distribution

ARM CHARACTERISTICS
ARM CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Margin Original										5.91351%		5.88930%		5.90177%
Weighted Average Margin Prior										5.91197%		5.88766%		5.90021%
Weighted Average Margin Current										5.88392%		5.86515%		5.87482%
Weighted Average Max Rate Original										13.27073%		13.25885%		13.26497%
Weighted Average Max Rate Prior										13.26607%		13.25762%		13.26198%
Weighted Average Max Rate Current										13.25065%		13.24877%		13.24974%
Weighted Average Min Rate Original										6.38330%		6.34020%		6.36240%
Weighted Average Min Rate Prior										6.38280%		6.33877%		6.36150%
Weighted Average Min Rate Current										6.36074%		6.32889%		6.34531%
Weighted Average Cap Up Original										1.02746%		1.01880%		1.02326%
Weighted Average Cap Up Prior										1.02769%		1.01830%		1.02315%
Weighted Average Cap Up Current										1.02983%		1.01911%		1.02464%
Weighted Average Cap Down Original										1.02746%		1.01880%		1.02326%
Weighted Average Cap Down Prior										1.02769%		1.01830%		1.02315%
Weighted Average Cap Down Current										1.02983%		1.01911%		1.02464%




SERVICING FEES & ADVANCES

											Group 2		Group 1		Total




Current Servicing Fees										83,659.10		83,110.79		166,769.89
Delinquent Servicing Fees										17,250.52		16,253.60		33,504.12
TOTAL SERVICING FEES										103,534.62		102,724.28		206,258.90


Servicing Fees										103,534.62		102,724.28		206,258.90
Master Servicing Fees										20,181.93		19,872.88		40,054.81
Total Servicing Fees (incl. Master Servicing Fees)										121,091.55		119,237.28		240,328.83
Compensating Interest										-4,201.18		-4,710.62		-8,911.80
Delinquent Servicing Fees										-17,250.52		-16,253.60		-33,504.12
COLLECTED SERVICING FEES										99,639.85		98,273.06		197,912.91

Total Advanced Interest										504,650.87		479,340.86		983,991.73
Total Advanced Principal										43,252.32		41,005.26		84,257.58
Aggregate Advances with respect to this Distribution										62,582.51		65,718.42		128,300.93





ADDITIONAL COLLATERAL INFORMATION
										Group 2		Group 1		Total
Prepayment Interest Shortfall (PPIS)										4,201.18		4,710.62		8,911.80
Compensating Interest										-4,201.18		-4,710.62		-8,911.80
Net Prepayment Interest Shortfall (PPIS)										0.00		0.00		0.00

Libor For Current Period														3.4600%
Libor For Next Period														3.6412%
Retained Interest paid to SAXON Funding Management														40,054.81




Page 9 of 26
Saxon Asset Securities Trust 2005-2

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Mortgage Pass-Through Certificates
2005-2

August 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				7,846,559.90		1,910,336.62		399,633.27		10,156,529.79
			% Balance				0.83%		0.20%		0.04%		1.08%
			# Loans				44		14		2		60
			% # Loans				0.83%		0.26%		0.04%		1.13%
	FORECLOSURE		Balance		0.00		149,469.32		0.00		1,420,917.80		1,570,387.12
			% Balance		0.00%		0.02%		0.00%		0.15%		0.17%
			# Loans		0		1		0		8		9
			% # Loans		0.00%		0.02%		0.00%		0.15%		0.17%
	BANKRUPTCY		Balance		234,459.86		109,591.62		118,794.72		0.00		462,846.20
			% Balance		0.02%		0.01%		0.01%		0.00%		0.05%
			# Loans		2		1		1		0		4
			% # Loans		0.04%		0.02%		0.02%		0.00%		0.08%
	REO		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		234,459.86		8,105,620.84		2,029,131.34		1,820,551.07		12,189,763.11
			% Balance		0.02%		0.86%		0.22%		0.19%		1.30%
			# Loans		2		46		15		10		73
			% # Loans		0.04%		0.87%		0.28%		0.19%		1.37%









Page 10 of 26
Saxon Asset Securities Trust 2005-2

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Mortgage Pass-Through Certificates
2005-2

August 25, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				3,764,479.43		607,009.14		0.00		4,371,488.57
			% Balance				0.81%		0.13%		0.00%		0.94%
			# Loans				28		6		0		34
			% # Loans				0.90%		0.19%		0.00%		1.09%
	FORECLOSURE		Balance		0.00		0.00		0.00		868,398.70		868,398.70
			% Balance		0.00%		0.00%		0.00%		0.19%		0.19%
			# Loans		0		0		0		4		4
			% # Loans		0.00%		0.00%		0.00%		0.13%		0.13%
	BANKRUPTCY		Balance		234,459.86		109,591.62		0.00		0.00		344,051.48
			% Balance		0.05%		0.02%		0.00%		0.00%		0.07%
			# Loans		2		1		0		0		3
			% # Loans		0.06%		0.03%		0.00%		0.00%		0.10%
	REO		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		234,459.86		3,874,071.05		607,009.14		868,398.70		5,583,938.75
			% Balance		0.05%		0.83%		0.13%		0.19%		1.19%
			# Loans		2		29		6		4		41
			% # Loans		0.06%		0.93%		0.19%		0.13%		1.32%










Page 11 of 26
Saxon Asset Securities Trust 2005-2

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Mortgage Pass-Through Certificates
2005-2

August 25, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				4,082,080.47		1,303,327.48		399,633.27		5,785,041.22
			% Balance				0.86%		0.28%		0.08%		1.22%
			# Loans				16		8		2		26
			% # Loans				0.72%		0.36%		0.09%		1.18%
	FORECLOSURE		Balance		0.00		149,469.32		0.00		552,519.10		701,988.42
			% Balance		0.00%		0.03%		0.00%		0.12%		0.15%
			# Loans		0		1		0		4		5
			% # Loans		0.00%		0.05%		0.00%		0.18%		0.23%
	BANKRUPTCY		Balance		0.00		0.00		118,794.72		0.00		118,794.72
			% Balance		0.00%		0.00%		0.03%		0.00%		0.03%
			# Loans		0		0		1		0		1
			% # Loans		0.00%		0.00%		0.05%		0.00%		0.05%
	REO		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		0.00		4,231,549.79		1,422,122.20		952,152.37		6,605,824.36
			% Balance		0.00%		0.89%		0.30%		0.20%		1.39%
			# Loans		0		17		9		6		32
			% # Loans		0.00%		0.77%		0.41%		0.27%		1.45%









Page 12 of 26
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-2

August 25, 2005 Distribution
REO Report
Loan Number			Original		Stated				Current		State &

														First
&			Principal		Principal		Paid to		Note		LTV at		Original		Payment

Loan Group			Balance		Balance		Date		Rate		Origination		Term		Date




TOTAL


Page 13 of 26
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-2

August 25, 2005 Distribution
Foreclosure Report
Loan Number			Original		Stated				Current		State &

														First
&			Principal		Principal		Paid to		Note		LTV at		Original		Payment

Loan Group			Balance		Balance		Date		Rate		Origination		Term		Date
11828041 1
11828041 1			148,700.00		148,078.95		01-Mar-2005		7.900%		WI - 84.97%		360		01-Mar-2005

11838190 1			315,000.00		312,666.90		01-Mar-2005		7.100%		CA - 90.00%		360		01-Dec-2004
11844127 1			126,000.00		125,554.04		01-Mar-2005		7.800%		OH - 84.56%		360		01-Apr-2005
11848943 1			284,000.00		282,098.81		01-Mar-2005		6.999%		MA - 80.00%		360		01-Jan-2005
11688879 2			55,250.00		52,383.97		01-Mar-2005		7.950%		MT - 85.00%		180		01-May-2004
11835435 2			99,000.00		99,000.06		01-Mar-2005		7.550%		VA - 90.00%		360		01-Mar-2005
11840085 2			148,000.00		147,521.62		01-Mar-2005		8.250%		WA - 80.00%		360		01-Apr-2005
11845561 2			254,320.00		253,613.45		01-Mar-2005		8.990%		CO - 88.00%		360		01-Apr-2005
11847293 2			150,000.00		149,469.32		01-May-2005		8.725%		CA - 69.77%		360		01-Mar-2005


TOTAL			1,580,270.00		1,570,387.12


Page 14 of 26
Saxon Asset Securities Trust 2005-2

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Mortgage Pass-Through Certificates
2005-2

August 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS
VOLUNTARY PREPAYMENTS

											Group 2		Group 1		Total




Current


Number of Paid in Full Loans										44		47		91
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										44		47		91
Curtailments Amount										23,931.61		30,142.63		54,074.24
Paid in Full Balance										10,189,090.06		9,336,116.09		19,525,206.15
Repurchased Loans Balance										0.00		0.00		0.00
Total Prepayment Amount										10,213,021.67		9,366,258.72		19,579,280.39

Cumulative


Number of Paid in Full Loans										74		98		172
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										74		98		172
Paid in Full Balance										17,411,396.75		19,782,135.87		37,193,532.62
Repurchased Loans Balance										0.00		0.00		0.00
Curtailments Amount										61,606.47		195,752.59		257,359.06
Total Prepayment Amount										17,473,003.22		19,977,888.46		37,450,891.68










Page 15 of 26
Saxon Asset Securities Trust 2005-2

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Mortgage Pass-Through Certificates
2005-2

August 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES
VOLUNTARY PREPAYMENTS RATES

											Group 2		Group 1		Total



SMM										2.11%		1.96%		2.04%
3 Months Avg SMM										1.33%		1.58%		1.46%
12 Months Avg SMM										1.33%		1.58%		1.46%
Avg SMM Since Cut-off										1.33%		1.58%		1.46%


CPR										22.57%		21.19%		21.89%
3 Months Avg CPR										14.82%		17.44%		16.14%
12 Months Avg CPR										14.82%		17.44%		16.14%
Avg CPR Since Cut-off										14.82%		17.44%		16.14%


PSA										3,141.36%		3,001.82%		3,073.18%
3 Months Avg PSA Approximation										2,551.30%		3,084.93%		2,814.47%
12 Months Avg PSA Approximation										2,551.30%		3,084.93%		2,814.47%
Avg PSA Since Cut-off Approximation										2,551.30%		3,084.94%		2,814.46%










Page 16 of 26
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-2

August 25, 2005 Distribution






PREPAYMENT CALCULATION METHODOLOGY

Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases + Liquidations )/(Beg Principal Balance - Sched Principal) Conditional Prepayment Rate (CPR): 1-((1-SMM)^12) PSA Standard Prepayment Model: CPR/(0.002min(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) Conditional Prepayment Rate (CPR): 1-((1-SMM)^12) Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.002*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) Dates correspond to distribution dates. Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments, liquidations, and repurchases.













Page 17 of 26
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-2

August 25, 2005 Distribution
Prepayment Detail Report
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
Loan Number			Original							Current		State &		Type Prepayment

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

11762953 2			325,000.00		325,000.00			09-Aug-2005		7.875%		CA - 64.36%		Paid Off - 360		01-Oct-2004
			325,000.00

11768806 2			189,150.00		187,624.18			01-Aug-2005		6.025%		MI - 79.47%		Paid Off - 360		01-Dec-2004
11768806 2					187,624.18			01-Aug-2005		6.025%		MI - 79.47%		Paid Off - 360		01-Dec-2004
11781575 2			140,800.00		139,192.78			28-Jul-2005		6.125%		MD - 80.00%		Paid Off - 360		01-Oct-2004
11781575 2					139,192.78			28-Jul-2005		6.125%		MD - 80.00%		Paid Off - 360		01-Oct-2004
11801770 2			289,000.00		286,901.61			11-Aug-2005		8.250%		CA - 85.00%		Paid Off - 360		01-Sep-2004
11801770 2					286,901.61			11-Aug-2005		8.250%		CA - 85.00%		Paid Off - 360		01-Sep-2004
11819759 1			85,000.00		84,849.16			28-Jul-2005		8.650%		NC - 52.15%		Paid Off - 360		01-May-2005
11819759 1					84,849.16			28-Jul-2005		8.650%		NC - 52.15%		Paid Off - 360		01-May-2005
11823851 1			275,000.00		273,907.78			09-Aug-2005		8.150%		MD - 72.37%		Paid Off - 360		01-Feb-2005
11823851 1					273,907.78			09-Aug-2005		8.150%		MD - 72.37%		Paid Off - 360		01-Feb-2005
11828895 2			128,800.00		128,383.18			22-Jul-2005		8.250%		CA - 70.00%		Paid Off - 360		01-Mar-2005
11828895 2					128,383.18			22-Jul-2005		8.250%		CA - 70.00%		Paid Off - 360		01-Mar-2005
11830941 1			111,600.00		111,599.29			21-Jul-2005		7.600%		OR - 90.00%		Paid Off - 360		01-Mar-2005
11830941 1					111,599.29			21-Jul-2005		7.600%		OR - 90.00%		Paid Off - 360		01-Mar-2005
11833106 2			211,600.00		211,539.04			15-Aug-2005		6.875%		CA - 80.00%		Paid Off - 360		01-Apr-2005
11833106 2					211,539.04			15-Aug-2005		6.875%		CA - 80.00%		Paid Off - 360		01-Apr-2005
11834156 2			102,600.00		102,291.15			10-Aug-2005		8.600%		FL - 90.00%		Paid Off - 360		01-Mar-2005
11834156 2					102,291.15			10-Aug-2005		8.600%		FL - 90.00%		Paid Off - 360		01-Mar-2005
11835001 2			115,000.00		114,534.44			04-Aug-2005		7.200%		AZ - 62.16%		Paid Off - 360		01-Mar-2005
11835001 2					114,534.44			04-Aug-2005		7.200%		AZ - 62.16%		Paid Off - 360		01-Mar-2005
11835803 2			231,000.00		229,564.35			02-Aug-2005		7.990%		CA - 70.00%		Paid Off - 360		01-Nov-2004
11835803 2					229,564.35			02-Aug-2005		7.990%		CA - 70.00%		Paid Off - 360		01-Nov-2004
11837496 2			386,650.00		386,645.21			09-Aug-2005		6.350%		VA - 95.00%		Paid Off - 360		01-Mar-2005
11837496 2					386,645.21			09-Aug-2005		6.350%		VA - 95.00%		Paid Off - 360		01-Mar-2005
11838000 1			175,500.00		174,720.98			03-Aug-2005		6.650%		FL - 75.00%		Paid Off - 360		01-Mar-2005
11838000 1					174,720.98			03-Aug-2005		6.650%		FL - 75.00%		Paid Off - 360		01-Mar-2005
11838505 1			144,000.00		144,000.00			03-Aug-2005		7.800%		MD - 90.00%		Paid Off - 360		01-Apr-2005
11838505 1					144,000.00			03-Aug-2005		7.800%		MD - 90.00%		Paid Off - 360		01-Apr-2005
11839024 1			156,800.00		156,320.71			28-Jul-2005		7.400%		FL - 80.00%		Paid Off - 360		01-Apr-2005
11839024 1					156,320.71			28-Jul-2005		7.400%		FL - 80.00%		Paid Off - 360		01-Apr-2005
11839366 1			265,500.00		265,500.00			16-Aug-2005		7.650%		MD - 90.00%		Paid Off - 360		01-Apr-2005
11839366 1					265,500.00			16-Aug-2005		7.650%		MD - 90.00%		Paid Off - 360		01-Apr-2005
11839508 1			178,500.00		177,886.98			27-Jul-2005		7.950%		CT - 85.00%		Paid Off - 360		01-Mar-2005
11839508 1					177,886.98			27-Jul-2005		7.950%		CT - 85.00%		Paid Off - 360		01-Mar-2005
11839556 1			50,000.00		49,800.68			22-Jul-2005		7.200%		NY - 57.16%		Paid Off - 360		01-Mar-2005
11839556 1					49,800.68			22-Jul-2005		7.200%		NY - 57.16%		Paid Off - 360		01-Mar-2005
11842261 2			190,000.00		189,534.66			16-Aug-2005		8.500%		NJ - 60.32%		Paid Off - 360		01-Apr-2005
11842261 2					189,534.66			16-Aug-2005		8.500%		NJ - 60.32%		Paid Off - 360		01-Apr-2005
11842391 1			160,000.00		159,456.04			11-Aug-2005		8.000%		MI - 67.23%		Paid Off - 360		01-Mar-2005
11842391 1					159,456.04			11-Aug-2005		8.000%		MI - 67.23%		Paid Off - 360		01-Mar-2005
11842602 2			74,800.00		73,699.92			01-Aug-2005		7.950%		GA - 85.00%		Paid Off - 180		01-Mar-2005
11842602 2					73,699.92			01-Aug-2005		7.950%		GA - 85.00%		Paid Off - 180		01-Mar-2005
11844051 1			187,000.00		187,000.00			27-Jul-2005		7.750%		MD - 85.00%		Paid Off - 360		01-Apr-2005
11844051 1					187,000.00			27-Jul-2005		7.750%		MD - 85.00%		Paid Off - 360		01-Apr-2005
11844686 1			148,500.00		148,093.35			18-Jul-2005		7.950%		NC - 90.00%		Paid Off - 360		01-Apr-2005
11844686 1					148,093.35			18-Jul-2005		7.950%		NC - 90.00%		Paid Off - 360		01-Apr-2005
11846147 1			221,400.00		221,400.00			21-Jul-2005		6.150%		AZ - 88.56%		Paid Off - 360		01-Apr-2005
11846147 1					221,400.00			21-Jul-2005		6.150%		AZ - 88.56%		Paid Off - 360		01-Apr-2005
11847453 2			420,000.00		420,000.00			01-Aug-2005		7.900%		CA - 80.00%		Paid Off - 360		01-May-2005
11847453 2					420,000.00			01-Aug-2005		7.900%		CA - 80.00%		Paid Off - 360		01-May-2005
11847831 2			245,257.00		244,529.35			17-Aug-2005		7.550%		CA - 79.63%		Paid Off - 360		01-Apr-2005
11847831 2					244,529.35			17-Aug-2005		7.550%		CA - 79.63%		Paid Off - 360		01-Apr-2005
11847894 2			314,400.00		313,240.41			26-Jul-2005		6.350%		VA - 80.00%		Paid Off - 360		01-May-2005
11847894 2					313,240.41			26-Jul-2005		6.350%		VA - 80.00%		Paid Off - 360		01-May-2005
11849638 1			234,000.00		234,000.00			01-Aug-2005		6.990%		NY - 65.00%		Paid Off - 360		01-Apr-2005
11849638 1					234,000.00			01-Aug-2005		6.990%		NY - 65.00%		Paid Off - 360		01-Apr-2005
11849642 1			204,000.00		203,999.07			12-Aug-2005		7.650%		FL - 80.00%		Paid Off - 360		01-May-2005
11849642 1					203,999.07			12-Aug-2005		7.650%		FL - 80.00%		Paid Off - 360		01-May-2005
11849717 2			283,700.00		282,748.35			04-Aug-2005		7.550%		NV - 78.15%		Paid Off - 360		01-Apr-2005
11849717 2					282,748.35			04-Aug-2005		7.550%		NV - 78.15%		Paid Off - 360		01-Apr-2005
11849737 1			96,000.00		95,820.54			29-Jul-2005		9.800%		SC - 80.00%		Paid Off - 360		01-Apr-2005
11849737 1					95,820.54			29-Jul-2005		9.800%		SC - 80.00%		Paid Off - 360		01-Apr-2005
11849965 2			161,075.00		160,444.65			02-Aug-2005		8.999%		MO - 85.00%		Paid Off - 360		01-Jan-2005
11849965 2					160,444.65			02-Aug-2005		8.999%		MO - 85.00%		Paid Off - 360		01-Jan-2005
11849969 2			116,000.00		115,631.35			11-Aug-2005		9.240%		CT - 80.00%		Paid Off - 360		01-Feb-2005
11849969 2					115,631.35			11-Aug-2005		9.240%		CT - 80.00%		Paid Off - 360		01-Feb-2005
11849972 2			195,925.00		195,014.02			29-Jul-2005		8.150%		FL - 85.00%		Paid Off - 360		01-Jan-2005
11849972 2					195,014.02			29-Jul-2005		8.150%		FL - 85.00%		Paid Off - 360		01-Jan-2005
11850928 1			192,000.00		192,000.00			19-Jul-2005		6.050%		GA - 80.00%		Paid Off - 360		01-Apr-2005
11850928 1					192,000.00			19-Jul-2005		6.050%		GA - 80.00%		Paid Off - 360		01-Apr-2005
11851417 1			138,000.00		137,990.89			16-Aug-2005		6.150%		VA - 61.61%		Paid Off - 360		01-May-2005
11851417 1					137,990.89					6.150%		VA - 61.61%		Paid Off - 360


Page 18 of 26
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-2

August 25, 2005 Distribution

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
Loan Number			Original							Current		State &		Type Prepayment

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

11851801 2			400,000.00		400,000.00			16-Aug-2005		8.450%		CA - 84.21%		Paid Off - 360		01-May-2005
			400,000.00

11852345 1			200,000.00		200,000.00			05-Aug-2005		7.650%		CA - 93.46%		Paid Off - 360		01-Apr-2005
11852345 1					200,000.00			05-Aug-2005		7.650%		CA - 93.46%		Paid Off - 360		01-Apr-2005
11852461 1			196,320.00		196,320.00			02-Aug-2005		7.500%		IL - 80.00%		Paid Off - 360		01-May-2005
11852461 1					196,320.00			02-Aug-2005		7.500%		IL - 80.00%		Paid Off - 360		01-May-2005
11853697 2			118,800.00		118,491.43			21-Jul-2005		6.750%		FL - 90.00%		Paid Off - 360		01-May-2005
11853697 2					118,491.43			21-Jul-2005		6.750%		FL - 90.00%		Paid Off - 360		01-May-2005
11853819 1			254,915.00		254,915.00			27-Jul-2005		8.800%		CA - 85.00%		Paid Off - 360		01-May-2005
11853819 1					254,915.00			27-Jul-2005		8.800%		CA - 85.00%		Paid Off - 360		01-May-2005
11854145 1			274,000.00		274,000.00			29-Jul-2005		6.900%		CA - 88.39%		Paid Off - 360		01-May-2005
11854145 1					274,000.00			29-Jul-2005		6.900%		CA - 88.39%		Paid Off - 360		01-May-2005
11854658 1			53,000.00		52,913.39			18-Jul-2005		9.050%		NY - 17.07%		Paid Off - 360		01-May-2005
11854658 1					52,913.39			18-Jul-2005		9.050%		NY - 17.07%		Paid Off - 360		01-May-2005
11854942 2			332,100.00		331,460.31			17-Aug-2005		8.250%		VA - 90.00%		Paid Off - 360		01-May-2005
11854942 2					331,460.31			17-Aug-2005		8.250%		VA - 90.00%		Paid Off - 360		01-May-2005
11855005 2			94,500.00		94,252.13			17-Aug-2005		6.700%		VA - 90.00%		Paid Off - 360		01-May-2005
11855005 2					94,252.13			17-Aug-2005		6.700%		VA - 90.00%		Paid Off - 360		01-May-2005
11855013 2			87,190.00		87,041.51			29-Jul-2005		8.850%		FL - 75.00%		Paid Off - 360		01-May-2005
11855013 2					87,041.51			29-Jul-2005		8.850%		FL - 75.00%		Paid Off - 360		01-May-2005
11855102 2			239,200.00		239,200.00			22-Jul-2005		8.150%		FL - 80.00%		Paid Off - 360		01-May-2005
11855102 2					239,200.00			22-Jul-2005		8.150%		FL - 80.00%		Paid Off - 360		01-May-2005
11855116 1			142,200.00		142,200.00			10-Aug-2005		6.750%		GA - 90.00%		Paid Off - 360		01-May-2005
11855116 1					142,200.00			10-Aug-2005		6.750%		GA - 90.00%		Paid Off - 360		01-May-2005
11855462 2			337,500.00		337,500.00			10-Aug-2005		6.850%		CA - 74.18%		Paid Off - 360		01-May-2005
11855462 2					337,500.00			10-Aug-2005		6.850%		CA - 74.18%		Paid Off - 360		01-May-2005
11855833 1			280,000.00		279,094.31			05-Aug-2005		6.250%		CA - 80.00%		Paid Off - 360		01-May-2005
11855833 1					279,094.31			05-Aug-2005		6.250%		CA - 80.00%		Paid Off - 360		01-May-2005
11856193 1			268,000.00		267,933.69			03-Aug-2005		7.400%		NY - 80.00%		Paid Off - 360		01-May-2005
11856193 1					267,933.69			03-Aug-2005		7.400%		NY - 80.00%		Paid Off - 360		01-May-2005
11856202 2			108,000.00		107,791.97			17-Aug-2005		8.250%		FL - 80.00%		Paid Off - 360		01-May-2005
11856202 2					107,791.97			17-Aug-2005		8.250%		FL - 80.00%		Paid Off - 360		01-May-2005
11856937 1			233,600.00		233,600.00			29-Jul-2005		7.200%		MD - 80.00%		Paid Off - 360		01-May-2005
11856937 1					233,600.00			29-Jul-2005		7.200%		MD - 80.00%		Paid Off - 360		01-May-2005
11857331 1			148,750.00		148,433.02			28-Jul-2005		7.750%		MD - 80.41%		Paid Off - 360		01-May-2005
11857331 1					148,433.02			28-Jul-2005		7.750%		MD - 80.41%		Paid Off - 360		01-May-2005
11857666 1			331,500.00		330,277.34			02-Aug-2005		6.500%		CA - 85.00%		Paid Off - 360		01-Apr-2005
11857666 1					330,277.34			02-Aug-2005		6.500%		CA - 85.00%		Paid Off - 360		01-Apr-2005
11857981 1			187,000.00		187,000.00			28-Jul-2005		6.500%		NV - 62.33%		Paid Off - 360		01-May-2005
11857981 1					187,000.00			28-Jul-2005		6.500%		NV - 62.33%		Paid Off - 360		01-May-2005
11858738 1			208,250.00		207,896.35			11-Aug-2005		8.400%		CA - 85.00%		Paid Off - 360		01-Jun-2005
11858738 1					207,896.35			11-Aug-2005		8.400%		CA - 85.00%		Paid Off - 360		01-Jun-2005
11859362 2			517,500.00		516,505.88			21-Jul-2005		6.200%		MD - 90.00%		Paid Off - 360		01-Jun-2005
11859362 2					516,505.88			21-Jul-2005		6.200%		MD - 90.00%		Paid Off - 360		01-Jun-2005
11860257 1			84,500.00		84,500.00			02-Aug-2005		7.100%		OH - 69.83%		Paid Off - 360		01-May-2005
11860257 1					84,500.00			02-Aug-2005		7.100%		OH - 69.83%		Paid Off - 360		01-May-2005
11860470 2			315,000.00		314,501.13			22-Jul-2005		9.200%		CA - 63.00%		Paid Off - 360		01-May-2005
11860470 2					314,501.13			22-Jul-2005		9.200%		CA - 63.00%		Paid Off - 360		01-May-2005
11860732 2			435,000.00		434,353.34			15-Aug-2005		7.500%		CA - 75.00%		Paid Off - 360		01-Jun-2005
11860732 2					434,353.34			15-Aug-2005		7.500%		CA - 75.00%		Paid Off - 360		01-Jun-2005
11860753 1			154,000.00		153,952.92			20-Jul-2005		7.400%		VA - 64.17%		Paid Off - 360		01-May-2005
11860753 1					153,952.92			20-Jul-2005		7.400%		VA - 64.17%		Paid Off - 360		01-May-2005
11860815 1			165,000.00		164,603.73			03-Aug-2005		7.150%		MD - 73.33%		Paid Off - 360		01-May-2005
11860815 1					164,603.73			03-Aug-2005		7.150%		MD - 73.33%		Paid Off - 360		01-May-2005
11862035 1			359,650.00		359,650.00			09-Aug-2005		7.250%		MD - 93.45%		Paid Off - 360		01-May-2005
11862035 1					359,650.00			09-Aug-2005		7.250%		MD - 93.45%		Paid Off - 360		01-May-2005
11862416 1			292,000.00		291,507.39			05-Aug-2005		6.875%		VA - 80.00%		Paid Off - 360		01-Jun-2005
11862416 1					291,507.39			05-Aug-2005		6.875%		VA - 80.00%		Paid Off - 360		01-Jun-2005
11863074 1			167,519.00		167,174.96			29-Jul-2005		5.850%		OR - 41.88%		Paid Off - 360		01-Jun-2005
11863074 1					167,174.96			29-Jul-2005		5.850%		OR - 41.88%		Paid Off - 360		01-Jun-2005
11863496 2			260,000.00		259,527.10			27-Jul-2005		6.650%		CA - 80.00%		Paid Off - 360		01-Jun-2005
11863496 2					259,527.10			27-Jul-2005		6.650%		CA - 80.00%		Paid Off - 360		01-Jun-2005
11863624 1			357,000.00		356,999.43			20-Jul-2005		6.100%		CA - 85.00%		Paid Off - 360		01-May-2005
11863624 1					356,999.43			20-Jul-2005		6.100%		CA - 85.00%		Paid Off - 360		01-May-2005
11865815 1			252,000.00		252,000.00			03-Aug-2005		6.950%		MD - 80.00%		Paid Off - 360		01-Jul-2005
11865815 1					252,000.00			03-Aug-2005		6.950%		MD - 80.00%		Paid Off - 360		01-Jul-2005
11866910 2			92,250.00		92,109.22			03-Aug-2005		8.850%		LA - 82.00%		Paid Off - 240		01-Jul-2005
11866910 2					92,109.22			03-Aug-2005		8.850%		LA - 82.00%		Paid Off - 240		01-Jul-2005
11867304 1			138,000.00		137,789.35			22-Jul-2005		7.375%		FL - 100.00%		Paid Off - 360		01-Jun-2005
11867304 1					137,789.35			22-Jul-2005		7.375%		FL - 100.00%		Paid Off - 360		01-Jun-2005
11867377 2			144,000.00		143,779.09			27-Jul-2005		7.350%		GA - 90.00%		Paid Off - 360		01-Jun-2005
11867377 2					143,779.09			27-Jul-2005		7.350%		GA - 90.00%		Paid Off - 360		01-Jun-2005
11867851 2			118,000.00		117,900.37			17-Aug-2005		6.850%		WI - 57.99%		Paid Off - 360		01-Jul-2005
11867851 2					117,900.37			17-Aug-2005		6.850%		WI - 57.99%		Paid Off - 360		01-Jul-2005
11868237 2			168,000.00		167,799.68			02-Aug-2005		8.600%		NV - 80.00%		Paid Off - 360		01-Jun-2005
11868237 2					167,799.68					8.600%		NV - 80.00%		Paid Off - 360


Page 19 of 26
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-2

August 25, 2005 Distribution

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
Loan Number			Original							Current		State &		Type Prepayment

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

11868529 2			77,500.00		77,407.69			05-Aug-2005		8.600%		NJ - 47.55%		Paid Off - 360		01-Jun-2005
			77,500.00

11870209 1			131,500.00		131,500.00			12-Aug-2005		6.790%		MD - 77.35%		Paid Off - 360		01-Jun-2005
11870209 1					131,500.00			12-Aug-2005		6.790%		MD - 77.35%		Paid Off - 360		01-Jun-2005
11871224 1			220,400.00		220,071.84			29-Jul-2005		7.500%		IL - 95.00%		Paid Off - 360		01-Jun-2005
11871224 1					220,071.84			29-Jul-2005		7.500%		IL - 95.00%		Paid Off - 360		01-Jun-2005
11872531 2			147,050.00		146,960.00			16-Aug-2005		8.450%		WI - 85.00%		Paid Off - 360		01-Jul-2005
11872531 2					146,960.00			16-Aug-2005		8.450%		WI - 85.00%		Paid Off - 360		01-Jul-2005
11872976 1			297,000.00		297,000.00			16-Aug-2005		6.700%		CA - 85.34%		Paid Off - 360		01-Jul-2005
11872976 1					297,000.00			16-Aug-2005		6.700%		CA - 85.34%		Paid Off - 360		01-Jul-2005
11873282 2			471,000.00		471,000.00			21-Jul-2005		7.450%		MD - 79.70%		Paid Off - 360		01-Jun-2005
11873282 2					471,000.00			21-Jul-2005		7.450%		MD - 79.70%		Paid Off - 360		01-Jun-2005
11873399 1			190,530.00		189,999.29			01-Aug-2005		7.875%		OR - 87.00%		Paid Off - 360		01-Apr-2005
11873399 1					189,999.29			01-Aug-2005		7.875%		OR - 87.00%		Paid Off - 360		01-Apr-2005
11874065 2			367,500.00		367,500.00			05-Aug-2005		7.900%		CA - 70.00%		Paid Off - 360		01-Jul-2005
11874065 2					367,500.00			05-Aug-2005		7.900%		CA - 70.00%		Paid Off - 360		01-Jul-2005
11874624 1			270,000.00		269,797.61			15-Aug-2005		7.450%		IL - 90.00%		Paid Off - 360		01-Jul-2005
11874624 1					269,797.61			15-Aug-2005		7.450%		IL - 90.00%		Paid Off - 360		01-Jul-2005
11874925 1			256,800.00		256,800.00			18-Jul-2005		6.575%		VA - 80.00%		Paid Off - 360		01-Jul-2005
11874925 1					256,800.00			18-Jul-2005		6.575%		VA - 80.00%		Paid Off - 360		01-Jul-2005
11875435 2			168,463.00		168,284.26			15-Aug-2005		5.850%		CA - 71.69%		Paid Off - 360		01-Jul-2005
11875435 2					168,284.26			15-Aug-2005		5.850%		CA - 71.69%		Paid Off - 360		01-Jul-2005
11876327 2			111,200.00		111,200.00			17-Aug-2005		8.550%		CA - 80.00%		Paid Off - 360		01-Aug-2005
11876327 2					111,200.00			17-Aug-2005		8.550%		CA - 80.00%		Paid Off - 360		01-Aug-2005
11878191 1			210,000.00		209,841.00			03-Aug-2005		7.400%		FL - 75.00%		Paid Off - 360		01-Jul-2005
11878191 1					209,841.00			03-Aug-2005		7.400%		FL - 75.00%		Paid Off - 360		01-Jul-2005
11881267 2			215,000.00		214,813.07			17-Aug-2005		6.700%		MD - 78.18%		Paid Off - 360		01-Jul-2005
11881267 2					214,813.07			17-Aug-2005		6.700%		MD - 78.18%		Paid Off - 360		01-Jul-2005
11881818 2			550,000.00		550,000.00			17-Aug-2005		7.540%		AZ - 88.71%		Paid Off - 360		01-Jul-2005
11881818 2					550,000.00			17-Aug-2005		7.540%		AZ - 88.71%		Paid Off - 360		01-Jul-2005
11882935 2			213,479.00		213,193.23			09-Aug-2005		9.999%		MI - 95.00%		Paid Off - 360		01-May-2005
11882935 2					213,193.23			09-Aug-2005		9.999%		MI - 95.00%		Paid Off - 360		01-May-2005


TOTAL			19,555,223.00		19,525,206.15
TOTAL


Page 20 of 26
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-2

August 25, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



											Group 2		Group 1		Total


Current
Current



Number of Loans Liquidated										0		0		0
Collateral Principal Realized Loss/(Gain) Amount										0.00		0.00		0.00
Collateral Interest Realized Loss/(Gain) Amount										0.00		0.00		0.00
Net Liquidation Proceeds										0.00		0.00		0.00

Cumulative
Cumulative



Number of Loans Liquidated										0		1		1
Collateral Realized Loss/(Gain) Amount										0.00		1,219.83		1,219.83
Net Liquidation Proceeds										0.00		88,624.75		88,624.75










Page 21 of 26
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-2

August 25, 2005 Distribution


DEFAULT SPEEDS



											Group 2		Group 1		Total



MDR										0.00%		0.00%		0.00%
3 Months Avg MDR										0.00%		0.01%		0.00%
12 Months Avg MDR										0.00%		0.01%		0.00%
Avg MDR Since Cut-off										0.00%		0.01%		0.00%


CDR										0.00%		0.00%		0.00%
3 Months Avg CDR										0.00%		0.09%		0.05%
12 Months Avg CDR										0.00%		0.09%		0.05%
Avg CDR Since Cut-off										0.00%		0.09%		0.05%


SDA										0.00%		0.00%		0.00%
3 Months Avg SDA Approximation										0.00%		1.66%		0.81%
12 Months Avg SDA Approximation										0.00%		1.66%		0.81%
Avg SDA Since Cut-off Approximation										0.00%		1.66%		0.81%


Loss Severity Approximation for Current Period										0.00%		0.00%		0.00%
3 Months Avg Loss Severity Approximation										0.00%		0.45%		0.45%
12 Months Avg Loss Severity Approximation										0.00%		0.45%		0.45%
Avg Loss Severity Approximation Since Cut-off										0.00%		0.45%		0.45%












Page 22 of 26
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-2

August 25, 2005 Distribution





COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
	Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)



	Conditional Default Rate (CDR): 1-((1-MDR)^12)

	SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)0.02,MAX(0.03,MIN(30,WAS)0.02-0.0095*(WAS-60)))

	Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn)(1-MDRn+1)...*(1-MDRm)]^(1/months in period n,m)
	Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)

	Average SDA Approximation over period between the nth month and mth month:
	AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)0.02,MAX(0.03,MIN(30,Avg WASn,m)0.02-0.0095*(Avg WASn,m-60)))

	Average WASn,m: (WASn + WASn+1 +...+ WASm )/(number of months in the period n,m)
	Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)

	Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)

	Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.
	Dates correspond to distribution dates.




Page 23 of 26
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-2

August 25, 2005 Distribution
Realized Loss Detail Report
Loan Number			Current		State &				Prior		Realized				Cumulative
															Cumulative
&		Loan	Note		LTV at		Original		Principal		Loss/(Gain)		Realized		Realized

Loan Group		Status	Rate		Origination		Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)
Loan Group		Status	Rate		Origination		Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)




TOTAL



Page 24 of 26
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-2

August 25, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
TRIGGER EVENTS
										Group 2		Group 1		Total
						Has Stepdown Condition occurred (0 = No, 1=Yes)								0

						Does a Trigger Event Exist-Either a) or b) Yes?								0
						a) Does a Delinquency Trigger Event Exists								0
						b) Does a Loss Trigger Event Exists (0=No,1=Yes)								0

						60+ days Delinqueny Balance								3,849,682.41
						Ending Collateral Balance								941,263,761.83
						Delinquency Percentage								0.4100%

						Senior Enhancement Percentage								22.593030%

						Cumulative Loss Percentage								0.00012447%


ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION

SPACE INTENTIONALLY LEFT BLANK




Page 25 of 26
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-2

August 25, 2005 Distribution
Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

													NET WAC Shortfall CarryOver		NET WAC Shortfall Paid
CLASS

			A-1A										$0.00		$0.00
													$0.00		$0.00
			A-1B										$0.00		$0.00
													$0.00		$0.00
			A-2A										$0.00		$0.00
													$0.00		$0.00
			A-2B										$0.00		$0.00
													$0.00		$0.00
			A-2C										$0.00		$0.00
													$0.00		$0.00
			A-2D										$0.00		$0.00
													$0.00		$0.00
			M-1										$0.00		$0.00
													$0.00		$0.00
			M-2										$0.00		$0.00
													$0.00		$0.00
			M-3										$0.00		$0.00
													$0.00		$0.00
			M-4										$0.00		$0.00
													$0.00		$0.00
			M-5										$0.00		$0.00
													$0.00		$0.00
			M-6										$0.00		$0.00
													$0.00		$0.00
			B-1										$0.00		$0.00
													$0.00		$0.00
			B-2										$0.00		$0.00
													$0.00		$0.00
			B-3										$0.00		$0.00
													$0.00		$0.00






Page 26 of 26

Saxon Asset Securities Trust 2005-2 8-K