
                                    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): October 25, 2005
                             (Date of earliest event reported)


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



                                         VIRGINIA
                     (State or Other Jurisdiction of Incorporation)

               333-111832-01                           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 2005-1 Mortgage Loan Asset Backed Notes, Series
     2005-1 which was made on January 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
     October 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:  Oct 28, 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
              October 25, 2005.



Saxon Asset Securities Trust 2005-1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-1

October 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					11
				Certificate Insurer(s)						5. Delinquency Report					11
										6. REO Report					12

										7. Foreclosure Report					13
										8. Prepayment Report					15
										9. Prepayment Detail Report					18
										9. Prepayment Detail Report					18
										10. Realized Loss Report					22
										11. Realized Loss Detail Report					25
				Servicer(s)						11. Realized Loss Detail Report					25
				Servicer(s)						12. Triggers and Adj. Cert. Report					26
				Saxon						12. Triggers and Adj. Cert. Report					26
				Saxon						13. Additional Certificate Report					27
										13. Additional Certificate Report					27


				Underwriter(s)
				Merrill Lynch


										Total Number of Pages					27
										Total Number of Pages

				Dates						Contacts

				Cut-Off Date:			January 01, 2005			Tim Avakian
				Close Date:			January 28, 2005			Administrator
				First Distribution Date:			February 25, 2005			(714) 247-6279
										tim.avakian@db.com
										tim.avakian@db.com
										Address:
										1761 E. St. Andrew Place, Santa Ana, CA 92705
				Distribution Date:			October 25, 2005
										Factor Information:			(800) 735-7777
				Record Date:			September 30, 2005			Factor Information:			(800) 735-7777
										Main Phone Number:			(714) 247-6000

							October 24, 2005
							October 24, 2005

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






Page 1 of 27
Saxon Asset Securities Trust 2005-1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-1

October 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-1	SR	$	399,250,000.00		302,470,003.94		989,244.95		16,265,119.84		17,254,364.79		0.00		0.00		286,204,884.10
A-1	SR	$	399,250,000.00		302,470,003.94		989,244.95		16,265,119.84		17,254,364.79		0.00		0.00		286,204,884.10
A-2A	SR	$	203,393,000.00		106,613,003.94		338,377.83		16,265,119.83		16,603,497.66		0.00		0.00		90,347,884.11
A-2B	SR	$	179,656,000.00		179,656,000.00		586,127.70		0.00		586,127.70		0.00		0.00		179,656,000.00
A-2C	SR	$	16,201,000.00		16,201,000.00		54,421.86		0.00		54,421.86		0.00		0.00		16,201,000.00
M-1	MEZ	$	50,500,000.00		50,500,000.00		174,519.58		0.00		174,519.58		0.00		0.00		50,500,000.00
M-2	MEZ	$	42,000,000.00		42,000,000.00		145,821.67		0.00		145,821.67		0.00		0.00		42,000,000.00
M-3	MEZ	$	15,500,000.00		15,500,000.00		54,314.58		0.00		54,314.58		0.00		0.00		15,500,000.00
M-4	MEZ	$	23,500,000.00		23,500,000.00		86,701.94		0.00		86,701.94		0.00		0.00		23,500,000.00
M-5	MEZ	$	18,500,000.00		18,500,000.00		68,701.81		0.00		68,701.81		0.00		0.00		18,500,000.00
M-6	MEZ	$	14,500,000.00		14,500,000.00		54,314.58		0.00		54,314.58		0.00		0.00		14,500,000.00
B-1	SUB	$	15,000,000.00		15,000,000.00		62,350.00		0.00		62,350.00		0.00		0.00		15,000,000.00
B-2	SUB	$	11,500,000.00		11,500,000.00		48,913.33		0.00		48,913.33		0.00		0.00		11,500,000.00
B-3	SUB	$	10,500,000.00		10,500,000.00		52,272.50		0.00		52,272.50		0.00		0.00		10,500,000.00
TRUST	NOF/SUB	$	0.00		0.00		166,475.07		0.00		166,475.07		0.00		0.00		0.00


Total			1,000,000,000.00		806,440,007.88		2,882,557.40		32,530,239.67		35,412,797.07		0.00		0.00		773,909,768.21
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-1	09/26/05		10/24/05		A-Act/360		805564RH6		399,250,000.00		757.595501		2.477758		40.739186		43.216944	716.856316
A-2A	09/26/05		10/24/05		A-Act/360		805564RJ2		203,393,000.00		524.172434		1.663665		79.968926		81.632591	444.203508
A-2B	09/26/05		10/24/05		A-Act/360		805564RK9		179,656,000.00		1,000.000000		3.262500		0.000000		3.262500	1,000.000000
A-2C	09/26/05		10/24/05		A-Act/360		805564RL7		16,201,000.00		1,000.000000		3.359167		0.000000		3.359167	1,000.000000
M-1	09/26/05		10/24/05		A-Act/360		805564RM5		50,500,000.00		1,000.000000		3.455833		0.000000		3.455833	1,000.000000
M-2	09/26/05		10/24/05		A-Act/360		805564RN3		42,000,000.00		1,000.000000		3.471945		0.000000		3.471945	1,000.000000
M-3	09/26/05		10/24/05		A-Act/360		805564RP8		15,500,000.00		1,000.000000		3.504166		0.000000		3.504166	1,000.000000
M-4	09/26/05		10/24/05		A-Act/360		805564RQ6		23,500,000.00		1,000.000000		3.689444		0.000000		3.689444	1,000.000000
M-5	09/26/05		10/24/05		A-Act/360		805564RR4		18,500,000.00		1,000.000000		3.713611		0.000000		3.713611	1,000.000000
M-6	09/26/05		10/24/05		A-Act/360		805564RS2		14,500,000.00		1,000.000000		3.745833		0.000000		3.745833	1,000.000000
B-1	09/26/05		10/24/05		A-Act/360		805564RT0		15,000,000.00		1,000.000000		4.156667		0.000000		4.156667	1,000.000000
B-2	09/26/05		10/24/05		A-Act/360		805564RU7		11,500,000.00		1,000.000000		4.253333		0.000000		4.253333	1,000.000000
B-3	09/26/05		10/24/05		A-Act/360		805564RV5		10,500,000.00		1,000.000000		4.978333		0.000000		4.978333	1,000.000000
TRUST	09/25/05		10/24/05		F-30/360				0.00		0.000000		0.000000		0.000000		0.000000	0.000000




Page 2 of 27
Saxon Asset Securities Trust 2005-1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-1

October 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-1	399,250,000.00		9,184,777.76		110,995,991.17		2,049,124.73		113,045,115.90		122,229,893.66		0.00		0.00		286,204,884.10
A-2A	203,393,000.00		4,006,907.82		110,995,991.16		2,049,124.73		113,045,115.89		117,052,023.71		0.00		0.00		90,347,884.11
A-2B	179,656,000.00		4,597,510.04		0.00		0.00		0.00		4,597,510.04		0.00		0.00		179,656,000.00
A-2C	16,201,000.00		429,336.69		0.00		0.00		0.00		429,336.69		0.00		0.00		16,201,000.00
M-1	50,500,000.00		1,384,236.77		0.00		0.00		0.00		1,384,236.77		0.00		0.00		50,500,000.00
M-2	42,000,000.00		1,157,616.43		0.00		0.00		0.00		1,157,616.43		0.00		0.00		42,000,000.00
M-3	15,500,000.00		431,917.24		0.00		0.00		0.00		431,917.24		0.00		0.00		15,500,000.00
M-4	23,500,000.00		695,830.18		0.00		0.00		0.00		695,830.18		0.00		0.00		23,500,000.00
M-5	18,500,000.00		551,989.98		0.00		0.00		0.00		551,989.98		0.00		0.00		18,500,000.00
M-6	14,500,000.00		437,039.13		0.00		0.00		0.00		437,039.13		0.00		0.00		14,500,000.00
B-1	15,000,000.00		510,121.92		0.00		0.00		0.00		510,121.92		0.00		0.00		15,000,000.00
B-2	11,500,000.00		401,558.48		0.00		0.00		0.00		401,558.48		0.00		0.00		11,500,000.00
B-3	10,500,000.00		438,302.84		0.00		0.00		0.00		438,302.84		0.00		0.00		10,500,000.00
TRUST	0.00		2,909,530.10		0.00		0.00		0.00		2,909,530.10		0.00		0.00		0.00


Total	1,000,000,000.00		27,136,675.38		221,991,982.33		4,098,249.46		226,090,231.79		253,226,907.17		0.00		0.00		773,909,768.21


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-1	4.06000%		302,470,003.94		989,244.95		0.00		0.00		0.00		989,244.95		989,244.95		0.00
A-2A	3.94000%		106,613,003.94		338,377.83		0.00		0.00		0.00		338,377.83		338,377.83		0.00
A-2B	4.05000%		179,656,000.00		586,127.70		0.00		0.00		0.00		586,127.70		586,127.70		0.00
A-2C	4.17000%		16,201,000.00		54,421.86		0.00		0.00		0.00		54,421.86		54,421.86		0.00
M-1	4.29000%		50,500,000.00		174,519.58		0.00		0.00		0.00		174,519.58		174,519.58		0.00
M-2	4.31000%		42,000,000.00		145,821.67		0.00		0.00		0.00		145,821.67		145,821.67		0.00
M-3	4.35000%		15,500,000.00		54,314.58		0.00		0.00		0.00		54,314.58		54,314.58		0.00
M-4	4.58000%		23,500,000.00		86,701.94		0.00		0.00		0.00		86,701.94		86,701.94		0.00
M-5	4.61000%		18,500,000.00		68,701.81		0.00		0.00		0.00		68,701.81		68,701.81		0.00
M-6	4.65000%		14,500,000.00		54,314.58		0.00		0.00		0.00		54,314.58		54,314.58		0.00
B-1	5.16000%		15,000,000.00		62,350.00		0.00		0.00		0.00		62,350.00		62,350.00		0.00
B-2	5.28000%		11,500,000.00		48,913.33		0.00		0.00		0.00		48,913.33		48,913.33		0.00
B-3	6.18000%		10,500,000.00		52,272.50		0.00		0.00		0.00		52,272.50		52,272.50		0.00
TRUST	0.00000%		0.00		0.00		1,507.70		0.00		0.00		-1,507.70		166,475.07		0.00


Total			806,440,007.88		2,716,082.33		1,507.70		0.00		0.00		2,714,574.63		2,882,557.40		0.00



Page 3 of 27
Saxon Asset Securities Trust 2005-1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-1

October 25, 2005 Distribution
Collection Account Report
SUMMARY
SUMMARY
														Total
Principal Collections														30,555,397.30
Principal Withrawals														0.00
Principal Other Accounts														0.00
TOTAL NET PRINCIPAL														30,555,397.30
Interest Collections														4,664,050.40
Interest Withdrawals														-0.00
Interest Other Accounts														416,187.67
Interest Fees														-188,532.90
TOTAL NET INTEREST														4,891,705.17
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION														35,447,102.47
Retained Interest paid to SAXON Funding Management														34,305.40



PRINCIPAL - COLLECTIONS
PRINCIPAL - COLLECTIONS
															Total
Scheduled Principal Received															441,284.23
Curtailments															39,703.98
Prepayments In Full															29,781,100.28
Repurchased/Substitutions															0.00
Liquidations															322,933.33
Other Additional Principal															0.00
Delinquent Principal															-125,043.71
Realized Losses															-29,624.52
Advanced Principal															125,043.71
TOTAL PRINCIPAL COLLECTED															30,555,397.30


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



PRINCIPAL - OTHER ACCOUNTS
PRINCIPAL - OTHER ACCOUNTS
														Total
TOTAL PRINCIPAL OTHER ACCOUNTS														0.00





Page 4 of 27
Saxon Asset Securities Trust 2005-1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-1

October 25, 2005 Distribution

INTEREST - COLLECTIONS
INTEREST - COLLECTIONS
														Total
Scheduled Interest														4,708,142.96
Repurchased/Substitution Interest														0.00
Liquidation Interest														2,119.25
Other Additional Interest														0.00
Prepayment Interest Shortfalls														-13,659.19
Delinquent Interest														-1,276,478.17
Compensating Interest														13,659.19
Civil Relief Act Shortfalls														-1,507.70
Interest Advanced														1,231,774.05
TOTAL INTEREST COLLECTED														4,664,050.40


INTEREST - WITHDRAWALS
INTEREST - WITHDRAWALS
														Total
TOTAL INTEREST WITHDRAWALS														0.00



INTEREST - OTHER ACCOUNTS
INTEREST - OTHER ACCOUNTS
														Total
Prepayment Charges														416,187.67
TOTAL INTEREST OTHER ACCOUNTS														416,187.67



INTEREST - FEES
INTEREST - FEES
														Total
Current Servicing Fees														127,172.58
Master Servicing Fees														34,305.40
PMI Insurance Fees														27,054.92
TOTAL INTEREST FEES														188,532.90




Page 5 of 27
Saxon Asset Securities Trust 2005-1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-1

October 25, 2005 Distribution
Credit Enhancement Report
ACCOUNTS


SPACE INTENTIONALLY LEFT BLANK





INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES
STRUCTURAL FEATURES
														Total
Overcollateralization Amount														18,834,876.53
Overcollateralization Target Amount														19,000,000.00
Overcollateralization Deficiency Amount														165,123.47
Overcollateralization Release Amount														0.00



Page 6 of 27
Saxon Asset Securities Trust 2005-1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-1

October 25, 2005 Distribution
Collateral Report


COLLATERAL



															Total



Loan Count:


Original														4,321
Prior														4,753
Prefunding														0
Scheduled Paid Offs														-0
Full Voluntary Prepayments														-145
Repurchases														-0
Liquidations														-1
Current														4,607
Principal Balance:


Original														781,730,479.75
Prior														823,329,666.56
Prefunding														0.00
Scheduled Principal														-441,284.23
Partial Prepayments														-39,703.98
Full Voluntary Prepayments														-29,781,100.28
Repurchases														-0.00
Liquidations														-322,933.33
Current														792,744,644.74





PREFUNDING
PREFUNDING
														Total
Prefunding Account Original Balance														218,269,520.25
Prefunding Account Month Begining Balance														0.00
Subsequent Loans Added to the Pool for the month														0.00
Prefunding Release to Certificate Holders														0.00
Prefunding Account Month Ending Balance														0.00





Page 7 of 27
Saxon Asset Securities Trust 2005-1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-1

October 25, 2005 Distribution

CHARACTERISTICS
CHARACTERISTICS
														Total
Weighted Average Coupon Original														6.75583%
Weighted Average Coupon Prior														6.87441%
Weighted Average Coupon Current														6.86517%
Weighted Average Months to Maturity Original														354
Weighted Average Months to Maturity Prior														346
Weighted Average Months to Maturity Current														345
Weighted Avg Remaining Amortization Term Original														354
Weighted Avg Remaining Amortization Term Prior														346
Weighted Avg Remaining Amortization Term Current														345
Weighted Average Seasoning Original														2.04
Weighted Average Seasoning Prior														8.64
Weighted Average Seasoning Current														9.64









Page 8 of 27
Saxon Asset Securities Trust 2005-1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-1

October 25, 2005 Distribution

ARM CHARACTERISTICS
ARM CHARACTERISTICS
														Total
Weighted Average Margin Original														5.68543%
Weighted Average Margin Prior														5.61397%
Weighted Average Margin Current														5.60238%
Weighted Average Max Rate Original														12.90108%
Weighted Average Max Rate Prior														12.84514%
Weighted Average Max Rate Current														12.83305%
Weighted Average Min Rate Original														6.14536%
Weighted Average Min Rate Prior														6.06283%
Weighted Average Min Rate Current														6.04842%
Weighted Average Cap Up Original														1.02453%
Weighted Average Cap Up Prior														1.02049%
Weighted Average Cap Up Current														1.02006%
Weighted Average Cap Down Original														1.02453%
Weighted Average Cap Down Prior														1.02049%
Weighted Average Cap Down Current														1.02006%




SERVICING FEES & ADVANCES

															Total




Current Servicing Fees														127,172.58
Delinquent Servicing Fees														44,340.50
TOTAL SERVICING FEES														171,515.40


Servicing Fees														171,515.40
Master Servicing Fees														34,305.40
Total Servicing Fees (incl. Master Servicing Fees)														205,832.41
Compensating Interest														-13,659.19
Delinquent Servicing Fees														-44,340.50
COLLECTED SERVICING FEES														147,807.18

Total Advanced Interest														1,231,774.05
Total Advanced Principal														125,043.71
Aggregate Advances with respect to this Distribution														1,356,817.76





ADDITIONAL COLLATERAL INFORMATION
														Total
Prepayment Interest Shortfall (PPIS)														13,659.19
Compensating Interest														-13,659.19
Net Prepayment Interest Shortfall (PPIS)														0.00

Libor For Current Period														3.8300%

Libor For Next Period														4.0375%

Retained Interest paid to SAXON Funding Management														34,305.40


Page 9 of 27
Saxon Asset Securities Trust 2005-1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-1

October 25, 2005 Distribution




Page 10 of 27
Saxon Asset Securities Trust 2005-1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-1

October 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				9,928,826.92		3,422,560.77		1,190,375.95		14,541,763.64
			% Balance				1.25%		0.43%		0.15%		1.83%
			# Loans				59		20		8		87
			% # Loans				1.28%		0.43%		0.17%		1.89%
	FORECLOSURE		Balance		0.00		0.00		1,787,702.90		10,688,235.93		12,475,938.83
			% Balance		0.00%		0.00%		0.23%		1.35%		1.57%
			# Loans		0		0		12		64		76
			% # Loans		0.00%		0.00%		0.26%		1.39%		1.65%
	BANKRUPTCY		Balance		1,254,500.80		186,846.01		0.00		1,791,588.25		3,232,935.06
			% Balance		0.16%		0.02%		0.00%		0.23%		0.41%
			# Loans		12		2		0		11		25
			% # Loans		0.26%		0.04%		0.00%		0.24%		0.54%
	REO		Balance		0.00		0.00		0.00		2,187,533.13		2,187,533.13
			% Balance		0.00%		0.00%		0.00%		0.28%		0.28%
			# Loans		0		0		0		15		15
			% # Loans		0.00%		0.00%		0.00%		0.33%		0.33%
	TOTAL		Balance		1,254,500.80		10,115,672.93		5,210,263.67		15,857,733.26		32,438,170.66
			% Balance		0.16%		1.28%		0.66%		2.00%		4.09%
			# Loans		12		61		32		98		203
			% # Loans		0.26%		1.32%		0.69%		2.13%		4.41%









Page 11 of 27
Saxon Asset Securities Trust 2005-1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-1

October 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
11169804 1
11169804 1			399,000.00		390,450.44		01-Jan-2005		8.000%		CO - 84.00%		360		01-Nov-1999

11789230 1			180,000.00		180,000.00		01-Mar-2005		7.250%		GA - 80.00%		360		01-Nov-2004
11799684 1			343,920.00		343,920.00		01-Feb-2005		5.250%		CO - 80.00%		360		01-Jan-2005
11800516 1			60,900.00		60,457.85		01-Nov-2004		8.250%		IN - 74.95%		360		01-Dec-2004
11804597 1			296,000.00		295,999.36		01-Mar-2005		6.000%		GA - 80.00%		360		01-Dec-2004
11808506 1			115,200.00		114,419.17		01-Mar-2005		8.100%		GA - 90.00%		360		01-Jan-2005
11812291 1			76,800.00		76,408.46		01-Feb-2005		9.500%		NC - 80.00%		360		01-Jan-2005
11812632 1			56,000.00		55,762.56		01-Feb-2005		7.825%		MI - 80.00%		360		01-Feb-2005
11812676 1			100,000.00		99,021.45		01-Nov-2004		7.630%		GA - 80.00%		360		01-Oct-2004
11815486 1			54,000.00		52,623.15		01-Mar-2005		9.800%		MI - 90.00%		180		01-Jan-2005
11816868 1			80,000.00		79,404.20		01-Feb-2005		7.625%		MI - 80.00%		360		01-Jan-2005
11817294 1			72,000.00		71,627.65		01-Mar-2005		8.900%		MI - 62.61%		360		01-Feb-2005
11817322 1			77,679.00		77,146.21		01-Feb-2005		7.500%		MI - 92.48%		360		01-Feb-2005
11826915 1			53,950.00		53,641.22		01-Jan-2005		8.400%		MI - 65.00%		360		01-Feb-2005
11827523 1			238,000.00		236,651.41		01-Mar-2005		8.450%		NC - 85.00%		360		01-Feb-2005


TOTAL			2,203,449.00		2,187,533.13


Page 12 of 27
Saxon Asset Securities Trust 2005-1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-1

October 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
11745007 1
11745007 1			390,000.00		387,203.93		01-May-2005		8.313%		MI - 75.00%		360		01-Dec-2004

11772722 1			63,750.00		63,259.40		01-Apr-2005		9.210%		MI - 85.00%		360		01-Sep-2004
11784029 1			98,600.00		98,035.77		01-Feb-2005		9.000%		IN - 85.00%		360		01-Jan-2005
11784203 1			146,900.00		145,885.58		01-Apr-2005		8.500%		VT - 65.00%		360		01-Dec-2004
11788256 1			88,000.00		87,334.81		01-May-2005		8.500%		OH - 80.00%		360		01-Nov-2004
11794167 1			104,000.00		103,486.46		01-Jun-2005		9.125%		FL - 80.00%		360		01-Feb-2005
11795923 1			68,000.00		66,795.93		01-Feb-2005		7.900%		NY - 80.00%		240		01-Jan-2005
11796181 1			68,000.00		67,321.56		01-Apr-2005		6.625%		NY - 85.00%		360		01-Dec-2004
11798043 1			87,567.00		86,946.98		01-Apr-2005		8.375%		MI - 86.70%		360		01-Dec-2004
11799301 1			156,000.00		155,026.62		01-Dec-2004		9.000%		PA - 80.00%		360		01-Dec-2004
11799468 1			136,269.00		135,122.25		01-Jan-2005		7.000%		MI - 92.70%		360		01-Jan-2005
11799649 1			72,250.00		71,853.60		01-May-2005		9.625%		NC - 85.00%		360		01-Dec-2004
11801629 1			118,400.00		117,681.56		01-Dec-2004		8.650%		SC - 80.00%		360		01-Jan-2005
11801642 1			89,600.00		89,600.00		01-Feb-2005		7.875%		OH - 80.00%		360		01-Jan-2005
11802808 1			104,000.00		104,000.00		01-Nov-2004		6.625%		GA - 80.00%		360		01-Dec-2004
11803751 1			120,000.00		118,441.99		01-Apr-2005		9.875%		MD - 75.00%		360		01-Dec-2004
11805835 1			56,100.00		55,775.94		01-Feb-2005		9.375%		LA - 85.00%		360		01-Dec-2004
11805944 1			73,500.00		72,921.79		01-Apr-2005		8.100%		IN - 75.00%		360		01-Dec-2004
11805986 1			160,210.00		159,139.44		01-Apr-2005		7.625%		NJ - 86.60%		360		01-Feb-2005
11806165 1			248,500.00		248,499.01		01-May-2005		6.875%		VA - 67.16%		360		01-Jan-2005
11809371 1			97,750.00		97,122.98		01-Apr-2005		8.375%		MI - 84.71%		360		01-Jan-2005
11809589 1			70,000.00		69,497.64		01-May-2005		7.813%		MI - 70.00%		360		01-Jan-2005
11809954 1			102,400.00		99,458.80		01-Apr-2005		8.425%		FL - 80.00%		180		01-Jan-2005
11810337 1			57,000.00		56,431.53		05-Jan-2005		6.125%		WI - 69.51%		360		05-Dec-2004
11812299 1			248,000.00		245,767.52		01-May-2005		6.650%		FL - 68.89%		360		01-Jan-2005
11812678 1			118,065.00		117,271.41		01-Apr-2005		9.490%		VA - 85.00%		360		01-Oct-2004
11812680 1			64,000.00		63,313.62		01-Jun-2005		7.150%		TN - 80.00%		360		01-Oct-2004
11812697 1			66,300.00		65,755.96		01-Mar-2005		8.509%		IN - 85.00%		360		01-Oct-2004
11813381 1			301,750.00		299,423.80		01-Dec-2004		7.450%		IL - 85.00%		360		01-Jan-2005
11813684 1			73,500.00		73,499.49		01-Jun-2005		7.680%		NJ - 83.52%		360		01-Feb-2005
11813982 1			86,375.00		86,368.51		01-Feb-2005		8.750%		IN - 88.14%		360		01-Jan-2005
11814981 1			264,000.00		264,000.00		01-Mar-2005		7.250%		UT - 80.00%		360		01-Jan-2005
11816121 1			80,250.00		79,519.33		01-Jun-2005		7.999%		VA - 84.47%		360		01-Oct-2004
11816729 1			160,000.00		158,552.73		01-Jan-2005		6.625%		CA - 66.67%		360		01-Jan-2005
11816935 1			89,280.00		88,612.33		01-Jun-2005		7.050%		VA - 93.00%		360		01-Feb-2005
11818237 1			600,000.00		600,000.00		01-Apr-2005		7.300%		CO - 71.71%		360		01-Jan-2005
11818363 1			60,500.00		60,180.65		01-May-2005		8.800%		IN - 55.00%		360		01-Feb-2005
11818543 1			160,000.00		159,018.19		01-Mar-2005		8.950%		DE - 44.20%		360		01-Jan-2005
11818760 1			217,000.00		215,173.80		01-Jun-2005		7.000%		MA - 69.91%		360		01-Jan-2005
11818998 1			340,650.00		340,650.00		01-Mar-2005		6.150%		CA - 90.00%		360		01-Jan-2005
11819564 1			228,000.00		226,488.71		01-Apr-2005		7.050%		VT - 80.00%		360		01-Mar-2005
11819789 1			304,000.00		302,224.49		01-Mar-2005		8.300%		NJ - 80.00%		360		01-Feb-2005
11819832 1			96,000.00		95,472.33		01-Jun-2005		8.600%		WA - 80.00%		360		01-Feb-2005
11820824 1			59,945.60		58,910.23		01-May-2005		7.200%		TN - 80.00%		240		01-Feb-2005
11821082 1			120,000.00		119,293.71		01-Apr-2005		8.800%		GA - 80.00%		360		01-Jan-2005
11821284 1			164,700.00		164,700.00		01-Apr-2005		6.913%		CO - 90.00%		360		01-Feb-2005
11821814 1			72,000.00		70,955.81		01-Mar-2005		8.650%		SC - 68.57%		240		01-Feb-2005
11821865 1			33,000.00		32,169.90		01-May-2005		8.700%		MS - 60.00%		180		01-Feb-2005
11822191 1			127,000.00		126,204.39		01-Apr-2005		7.950%		CO - 83.55%		360		01-Feb-2005


Page 13 of 27
Saxon Asset Securities Trust 2005-1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-1

October 25, 2005 Distribution

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
11823578 1
11823578 1			440,100.00		438,046.77		01-Apr-2005		9.400%		CA - 90.00%		360		01-Feb-2005

11823687 1			92,000.00		91,489.18		01-Mar-2005		8.550%		GA - 80.00%		360		01-Feb-2005
11823991 1			300,000.00		300,000.00		01-Apr-2005		6.850%		CA - 80.00%		360		01-Feb-2005
11824526 1			112,000.00		111,202.22		01-May-2005		7.300%		IN - 80.00%		360		01-Feb-2005
11825364 1			70,550.00		70,129.61		01-Jun-2005		8.200%		LA - 85.00%		360		01-Feb-2005
11825504 1			174,250.00		174,250.00		01-Apr-2005		6.500%		CO - 85.00%		360		01-Feb-2005
11825808 1			85,000.00		84,243.34		01-May-2005		8.490%		PA - 85.00%		360		01-Sep-2004
11827090 1			292,500.00		292,500.00		01-Apr-2005		7.350%		GA - 90.00%		360		01-Mar-2005
11827369 1			240,000.00		237,907.30		01-Apr-2005		6.250%		NY - 71.01%		360		01-Feb-2005
11828102 1			250,000.00		250,000.00		01-Feb-2005		7.875%		MT - 70.42%		360		01-Jan-2005
11828576 1			131,000.00		129,779.83		01-Apr-2005		5.900%		OH - 78.92%		360		01-Feb-2005
11828816 1			131,750.00		131,706.36		01-Jun-2005		7.950%		AZ - 85.00%		360		01-Feb-2005
11829189 1			220,000.00		218,580.00		01-Mar-2005		7.800%		NV - 69.40%		360		01-Feb-2005
11829972 1			231,200.00		229,740.63		01-Mar-2005		7.300%		CA - 80.00%		360		01-Mar-2005
11830279 1			610,000.00		610,000.00		01-May-2005		8.150%		MN - 74.39%		360		01-Mar-2005
11830470 1			132,800.00		131,663.78		01-Mar-2005		6.350%		FL - 80.00%		360		01-Feb-2005
11831582 1			233,750.00		233,750.00		01-May-2005		6.600%		VA - 85.00%		360		01-Mar-2005
11834890 1			333,000.00		333,000.00		01-May-2005		7.600%		CA - 90.00%		360		01-Mar-2005
11835323 1			145,000.00		142,659.07		01-May-2005		6.750%		MI - 50.37%		240		01-Mar-2005
11838056 1			130,000.00		129,287.48		01-Apr-2005		9.990%		CT - 70.27%		360		01-Dec-2004
11840935 1			58,500.00		55,679.28		01-May-2005		6.950%		VA - 43.01%		120		01-Apr-2005
11841506 1			81,000.00		80,649.12		01-Jun-2005		8.500%		MO - 90.00%		360		01-Apr-2005
11842213 1			348,500.00		346,412.95		01-Jun-2005		6.870%		CA - 82.98%		360		01-Apr-2005
11843385 1			180,000.00		178,989.21		01-May-2005		7.200%		OH - 80.00%		360		01-Apr-2005
11846919 1			25,000.00		24,879.95		01-Mar-2005		7.990%		IL - 13.47%		360		01-Apr-2005
11848140 1			440,000.00		439,727.50		01-Jun-2005		7.500%		TX - 80.00%		360		01-Apr-2005
11849723 1			140,000.00		139,294.77		01-May-2005		7.750%		FL - 64.22%		360		01-Apr-2005


TOTAL			12,539,011.60		12,475,938.83


Page 14 of 27
Saxon Asset Securities Trust 2005-1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-1

October 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS
VOLUNTARY PREPAYMENTS

															Total




Current


Number of Paid in Full Loans														145
Number of Repurchased Loans														0
Total Number of Loans Prepaid in Full														145
Curtailments Amount														39,703.98
Paid in Full Balance														29,781,100.28
Repurchased Loans Balance														0.00
Total Prepayment Amount														29,820,804.26

Cumulative


Number of Paid in Full Loans														956
Number of Repurchased Loans														8
Total Number of Loans Prepaid in Full														964
Paid in Full Balance														200,956,743.36
Repurchased Loans Balance														968,670.38
Curtailments Amount														880,386.03
Total Prepayment Amount														202,805,799.77










Page 15 of 27
Saxon Asset Securities Trust 2005-1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-1

October 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES
VOLUNTARY PREPAYMENTS RATES

															Total



SMM														3.66%
3 Months Avg SMM														3.95%
12 Months Avg SMM														2.55%
Avg SMM Since Cut-off														2.55%


CPR														36.10%
3 Months Avg CPR														38.32%
12 Months Avg CPR														26.67%
Avg CPR Since Cut-off														26.67%


PSA														1,872.24%
3 Months Avg PSA Approximation														2,217.98%
12 Months Avg PSA Approximation														2,329.02%
Avg PSA Since Cut-off Approximation														2,329.02%










Page 16 of 27
Saxon Asset Securities Trust 2005-1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-1

October 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 27
Saxon Asset Securities Trust 2005-1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-1

October 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

11162821 1			68,000.00		#######			03-Oct-2005		9.375%		OH - 85.00%		Paid Off - 360		01-Dec-1999
			68,000.00

11780561 1			190,000.00		188,441.63			14-Oct-2005		6.575%		NJ - 69.34%		Paid Off - 360		01-Jan-2005
11780561 1					188,441.63			14-Oct-2005		6.575%		NJ - 69.34%		Paid Off - 360		01-Jan-2005
11781546 1			100,000.00		93,569.13			30-Sep-2005		7.342%		FL - 66.67%		Paid Off - 120		01-Nov-2004
11781546 1					93,569.13			30-Sep-2005		7.342%		FL - 66.67%		Paid Off - 120		01-Nov-2004
11787953 1			100,800.00		99,940.09			20-Sep-2005		7.250%		NC - 80.00%		Paid Off - 360		01-Dec-2004
11787953 1					99,940.09			20-Sep-2005		7.250%		NC - 80.00%		Paid Off - 360		01-Dec-2004
11796264 1			61,200.00		60,770.47			20-Sep-2005		7.375%		NY - 90.00%		Paid Off - 360		01-Jan-2005
11796264 1					60,770.47			20-Sep-2005		7.375%		NY - 90.00%		Paid Off - 360		01-Jan-2005
11797170 1			137,855.00		136,772.92			28-Sep-2005		6.800%		WA - 86.16%		Paid Off - 360		01-Jan-2005
11797170 1					136,772.92			28-Sep-2005		6.800%		WA - 86.16%		Paid Off - 360		01-Jan-2005
11797833 1			185,692.00		185,692.00			17-Oct-2005		7.000%		CA - 53.05%		Paid Off - 360		01-Nov-2004
11797833 1					185,692.00			17-Oct-2005		7.000%		CA - 53.05%		Paid Off - 360		01-Nov-2004
11798494 1			237,000.00		237,000.00			05-Oct-2005		5.875%		VA - 79.00%		Paid Off - 360		01-Dec-2004
11798494 1					237,000.00			05-Oct-2005		5.875%		VA - 79.00%		Paid Off - 360		01-Dec-2004
11799466 1			272,000.00		269,923.67			30-Sep-2005		7.500%		CA - 85.00%		Paid Off - 360		01-Dec-2004
11799466 1					269,923.67			30-Sep-2005		7.500%		CA - 85.00%		Paid Off - 360		01-Dec-2004
11799887 1			150,000.00		149,022.19			05-Oct-2005		7.750%		CA - 62.76%		Paid Off - 360		01-Jan-2005
11799887 1					149,022.19			05-Oct-2005		7.750%		CA - 62.76%		Paid Off - 360		01-Jan-2005
11800840 1			122,000.00		121,947.46			30-Sep-2005		7.495%		VA - 69.71%		Paid Off - 360		01-Jan-2005
11800840 1					121,947.46			30-Sep-2005		7.495%		VA - 69.71%		Paid Off - 360		01-Jan-2005
11801066 1			128,000.00		128,000.00			03-Oct-2005		6.500%		FL - 84.04%		Paid Off - 360		01-Dec-2004
11801066 1					128,000.00			03-Oct-2005		6.500%		FL - 84.04%		Paid Off - 360		01-Dec-2004
11801348 1			60,000.00		59,562.34			28-Sep-2005		8.000%		MI - 55.56%		Paid Off - 360		01-Dec-2004
11801348 1					59,562.34			28-Sep-2005		8.000%		MI - 55.56%		Paid Off - 360		01-Dec-2004
11801663 1			212,100.00		210,308.31			12-Oct-2005		6.417%		CA - 70.00%		Paid Off - 360		01-Jan-2005
11801663 1					210,308.31			12-Oct-2005		6.417%		CA - 70.00%		Paid Off - 360		01-Jan-2005
11802500 1			116,450.00		115,603.82			30-Sep-2005		7.750%		MD - 85.00%		Paid Off - 360		01-Dec-2004
11802500 1					115,603.82			30-Sep-2005		7.750%		MD - 85.00%		Paid Off - 360		01-Dec-2004
11802635 1			315,500.00		315,500.00			13-Oct-2005		5.700%		GA - 79.98%		Paid Off - 360		01-Nov-2004
11802635 1					315,500.00			13-Oct-2005		5.700%		GA - 79.98%		Paid Off - 360		01-Nov-2004
11802740 1			130,050.00		130,050.00			28-Sep-2005		7.250%		FL - 90.00%		Paid Off - 360		01-Jan-2005
11802740 1					130,050.00			28-Sep-2005		7.250%		FL - 90.00%		Paid Off - 360		01-Jan-2005
11803765 1			230,400.00		230,332.56			14-Oct-2005		7.025%		MD - 80.00%		Paid Off - 360		01-Jan-2005
11803765 1					230,332.56			14-Oct-2005		7.025%		MD - 80.00%		Paid Off - 360		01-Jan-2005
11803997 1			129,600.00		128,728.37			27-Sep-2005		7.625%		IL - 88.77%		Paid Off - 360		03-Dec-2004
11803997 1					128,728.37			27-Sep-2005		7.625%		IL - 88.77%		Paid Off - 360		03-Dec-2004
11804147 1			243,000.00		242,928.62			29-Sep-2005		5.875%		CA - 73.77%		Paid Off - 360		01-Dec-2004
11804147 1					242,928.62			29-Sep-2005		5.875%		CA - 73.77%		Paid Off - 360		01-Dec-2004
11804515 1			279,650.00		277,239.44			06-Oct-2005		8.650%		NY - 85.00%		Paid Off - 360		01-Aug-2004
11804515 1					277,239.44			06-Oct-2005		8.650%		NY - 85.00%		Paid Off - 360		01-Aug-2004
11804541 1			144,500.00		143,728.38			30-Sep-2005		9.275%		GA - 85.00%		Paid Off - 360		01-Dec-2004
11804541 1					143,728.38			30-Sep-2005		9.275%		GA - 85.00%		Paid Off - 360		01-Dec-2004
11804841 1			600,000.00		599,996.68			30-Sep-2005		7.375%		CA - 80.00%		Paid Off - 360		01-Dec-2004
11804841 1					599,996.68			30-Sep-2005		7.375%		CA - 80.00%		Paid Off - 360		01-Dec-2004
11805124 1			97,600.00		97,191.78			28-Sep-2005		9.925%		OH - 80.00%		Paid Off - 360		01-Jan-2005
11805124 1					97,191.78			28-Sep-2005		9.925%		OH - 80.00%		Paid Off - 360		01-Jan-2005
11805390 1			315,000.00		314,979.43			05-Oct-2005		5.427%		CA - 75.00%		Paid Off - 360		01-Dec-2004
11805390 1					314,979.43			05-Oct-2005		5.427%		CA - 75.00%		Paid Off - 360		01-Dec-2004
11805598 1			95,250.00		94,431.85			30-Sep-2005		7.000%		IL - 73.84%		Paid Off - 360		01-Dec-2004
11805598 1					94,431.85			30-Sep-2005		7.000%		IL - 73.84%		Paid Off - 360		01-Dec-2004
11806330 1			120,400.00		119,602.96			13-Oct-2005		8.525%		MI - 70.00%		Paid Off - 360		01-Dec-2004
11806330 1					119,602.96			13-Oct-2005		8.525%		MI - 70.00%		Paid Off - 360		01-Dec-2004
11806383 1			153,000.00		151,412.01			27-Sep-2005		7.500%		CA - 40.32%		Paid Off - 360		01-Sep-2004
11806383 1					151,412.01			27-Sep-2005		7.500%		CA - 40.32%		Paid Off - 360		01-Sep-2004
11806786 1			232,750.00		232,750.00			13-Oct-2005		6.500%		MD - 95.00%		Paid Off - 360		01-Dec-2004
11806786 1					232,750.00			13-Oct-2005		6.500%		MD - 95.00%		Paid Off - 360		01-Dec-2004
11806899 1			136,720.00		136,720.00			03-Oct-2005		6.000%		AZ - 80.00%		Paid Off - 360		01-Dec-2004
11806899 1					136,720.00			03-Oct-2005		6.000%		AZ - 80.00%		Paid Off - 360		01-Dec-2004
11807479 1			144,000.00		143,989.72			21-Sep-2005		5.250%		MD - 80.00%		Paid Off - 360		01-Dec-2004
11807479 1					143,989.72			21-Sep-2005		5.250%		MD - 80.00%		Paid Off - 360		01-Dec-2004
11807512 1			108,000.00		107,241.28			17-Oct-2005		6.750%		MD - 77.14%		Paid Off - 360		01-Feb-2005
11807512 1					107,241.28			17-Oct-2005		6.750%		MD - 77.14%		Paid Off - 360		01-Feb-2005
11807536 1			330,000.00		327,222.87			21-Sep-2005		7.000%		CA - 73.33%		Paid Off - 360		01-Dec-2004
11807536 1					327,222.87			21-Sep-2005		7.000%		CA - 73.33%		Paid Off - 360		01-Dec-2004
11808998 1			137,800.00		137,800.00			13-Oct-2005		7.250%		VA - 65.00%		Paid Off - 360		01-Jan-2005
11808998 1					137,800.00			13-Oct-2005		7.250%		VA - 65.00%		Paid Off - 360		01-Jan-2005
11809017 1			390,000.00		390,000.00			10-Oct-2005		7.750%		MD - 64.89%		Paid Off - 360		01-Dec-2004
11809017 1					390,000.00			10-Oct-2005		7.750%		MD - 64.89%		Paid Off - 360		01-Dec-2004
11809154 1			140,000.00		140,000.00			14-Oct-2005		7.875%		CA - 69.83%		Paid Off - 360		01-Jan-2005
11809154 1					140,000.00			14-Oct-2005		7.875%		CA - 69.83%		Paid Off - 360		01-Jan-2005
11809342 1			254,600.00		252,776.42			20-Sep-2005		6.850%		NY - 76.00%		Paid Off - 360		01-Feb-2005
11809342 1					252,776.42					6.850%		NY - 76.00%		Paid Off - 360


Page 18 of 27
Saxon Asset Securities Trust 2005-1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-1

October 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

11809413 1			353,500.00		353,497.87			12-Oct-2005		6.750%		MD - 74.11%		Paid Off - 360		01-Jan-2005
			353,500.00

11809672 1			400,000.00		396,752.79			27-Sep-2005		6.625%		VA - 89.29%		Paid Off - 360		01-Jan-2005
11809672 1					396,752.79			27-Sep-2005		6.625%		VA - 89.29%		Paid Off - 360		01-Jan-2005
11809762 1			111,600.00		110,865.31			05-Oct-2005		7.700%		VA - 90.00%		Paid Off - 360		01-Jan-2005
11809762 1					110,865.31			05-Oct-2005		7.700%		VA - 90.00%		Paid Off - 360		01-Jan-2005
11809851 1			130,500.00		130,500.00			21-Sep-2005		6.000%		MD - 90.00%		Paid Off - 360		01-Jan-2005
11809851 1					130,500.00			21-Sep-2005		6.000%		MD - 90.00%		Paid Off - 360		01-Jan-2005
11810521 1			399,920.00		399,710.58			28-Sep-2005		6.300%		CA - 80.00%		Paid Off - 360		01-Jan-2005
11810521 1					399,710.58			28-Sep-2005		6.300%		CA - 80.00%		Paid Off - 360		01-Jan-2005
11810660 1			55,800.00		55,502.49			29-Sep-2005		8.750%		IN - 90.00%		Paid Off - 360		01-Jan-2005
11810660 1					55,502.49			29-Sep-2005		8.750%		IN - 90.00%		Paid Off - 360		01-Jan-2005
11810972 1			400,000.00		396,572.93			29-Sep-2005		6.990%		NY - 88.50%		Paid Off - 360		01-Dec-2004
11810972 1					396,572.93			29-Sep-2005		6.990%		NY - 88.50%		Paid Off - 360		01-Dec-2004
11811243 1		FCL	195,660.00		194,101.79			14-Oct-2005		6.725%		NV - 90.00%		Paid Off - 360		01-Jan-2005
11811243 1		FCL			194,101.79			14-Oct-2005		6.725%		NV - 90.00%		Paid Off - 360		01-Jan-2005
11811283 1			109,701.00		109,003.42			06-Oct-2005		7.875%		MI - 91.80%		Paid Off - 360		01-Jan-2005
11811283 1					109,003.42			06-Oct-2005		7.875%		MI - 91.80%		Paid Off - 360		01-Jan-2005
11811470 1			139,500.00		138,775.00			28-Sep-2005		8.875%		VA - 90.00%		Paid Off - 360		01-Jan-2005
11811470 1					138,775.00			28-Sep-2005		8.875%		VA - 90.00%		Paid Off - 360		01-Jan-2005
11812015 1			151,000.00		149,859.66			22-Sep-2005		7.000%		WI - 88.82%		Paid Off - 360		05-Dec-2004
11812015 1					149,859.66			22-Sep-2005		7.000%		WI - 88.82%		Paid Off - 360		05-Dec-2004
11812623 1			101,250.00		100,589.95			21-Sep-2005		7.750%		FL - 75.00%		Paid Off - 360		01-Jan-2005
11812623 1					100,589.95			21-Sep-2005		7.750%		FL - 75.00%		Paid Off - 360		01-Jan-2005
11812692 1			360,000.00		356,321.51			06-Oct-2005		6.500%		NY - 90.00%		Paid Off - 360		01-Nov-2004
11812692 1					356,321.51			06-Oct-2005		6.500%		NY - 90.00%		Paid Off - 360		01-Nov-2004
11812803 1			205,000.00		205,000.00			21-Sep-2005		6.250%		CA - 67.21%		Paid Off - 360		01-Jan-2005
11812803 1					205,000.00			21-Sep-2005		6.250%		CA - 67.21%		Paid Off - 360		01-Jan-2005
11812873 1			202,400.00		202,400.00			23-Sep-2005		7.500%		CA - 80.00%		Paid Off - 360		01-Oct-2004
11812873 1					202,400.00			23-Sep-2005		7.500%		CA - 80.00%		Paid Off - 360		01-Oct-2004
11813446 1			115,600.00		114,645.25			27-Sep-2005		6.750%		WI - 85.00%		Paid Off - 360		09-Dec-2004
11813446 1					114,645.25			27-Sep-2005		6.750%		WI - 85.00%		Paid Off - 360		09-Dec-2004
11813507 1			280,000.00		280,000.00			06-Oct-2005		6.125%		FL - 80.00%		Paid Off - 360		01-Jan-2005
11813507 1					280,000.00			06-Oct-2005		6.125%		FL - 80.00%		Paid Off - 360		01-Jan-2005
11814706 1			140,250.00		139,111.39			03-Oct-2005		6.625%		FL - 85.00%		Paid Off - 360		01-Jan-2005
11814706 1					139,111.39			03-Oct-2005		6.625%		FL - 85.00%		Paid Off - 360		01-Jan-2005
11815412 1			272,800.00		272,800.00			30-Sep-2005		6.950%		AZ - 80.00%		Paid Off - 360		01-Jan-2005
11815412 1					272,800.00			30-Sep-2005		6.950%		AZ - 80.00%		Paid Off - 360		01-Jan-2005
11815673 1			133,000.00		133,000.00			21-Sep-2005		6.950%		OR - 70.00%		Paid Off - 360		01-Jan-2005
11815673 1					133,000.00			21-Sep-2005		6.950%		OR - 70.00%		Paid Off - 360		01-Jan-2005
11816575 1			207,000.00		206,858.74			06-Oct-2005		6.550%		NV - 90.00%		Paid Off - 360		01-Feb-2005
11816575 1					206,858.74			06-Oct-2005		6.550%		NV - 90.00%		Paid Off - 360		01-Feb-2005
11816914 1			208,000.00		208,000.00			30-Sep-2005		6.950%		CA - 76.47%		Paid Off - 360		01-Feb-2005
11816914 1					208,000.00			30-Sep-2005		6.950%		CA - 76.47%		Paid Off - 360		01-Feb-2005
11817023 1			231,000.00		230,698.64			10-Oct-2005		5.875%		CA - 70.62%		Paid Off - 360		01-Jan-2005
11817023 1					230,698.64			10-Oct-2005		5.875%		CA - 70.62%		Paid Off - 360		01-Jan-2005
11817104 1			86,102.00		85,535.07			27-Sep-2005		8.000%		CA - 37.44%		Paid Off - 360		01-Jan-2005
11817104 1					85,535.07			27-Sep-2005		8.000%		CA - 37.44%		Paid Off - 360		01-Jan-2005
11817145 1			152,000.00		152,000.00			28-Sep-2005		6.800%		FL - 80.00%		Paid Off - 360		01-Feb-2005
11817145 1					152,000.00			28-Sep-2005		6.800%		FL - 80.00%		Paid Off - 360		01-Feb-2005
11817241 1			333,750.00		331,494.98			10-Oct-2005		6.500%		MD - 75.00%		Paid Off - 360		01-Mar-2005
11817241 1					331,494.98			10-Oct-2005		6.500%		MD - 75.00%		Paid Off - 360		01-Mar-2005
11817831 1			184,500.00		183,272.87			17-Oct-2005		7.225%		NJ - 90.00%		Paid Off - 360		01-Feb-2005
11817831 1					183,272.87			17-Oct-2005		7.225%		NJ - 90.00%		Paid Off - 360		01-Feb-2005
11818620 1			208,250.00		206,892.46			10-Oct-2005		7.750%		FL - 85.00%		Paid Off - 360		01-Jan-2005
11818620 1					206,892.46			10-Oct-2005		7.750%		FL - 85.00%		Paid Off - 360		01-Jan-2005
11818934 1			128,000.00		127,204.47			29-Sep-2005		7.990%		FL - 80.00%		Paid Off - 360		01-Jan-2005
11818934 1					127,204.47			29-Sep-2005		7.990%		FL - 80.00%		Paid Off - 360		01-Jan-2005
11819046 1			191,700.00		191,700.00			04-Oct-2005		6.750%		MI - 90.00%		Paid Off - 360		01-Feb-2005
11819046 1					191,700.00			04-Oct-2005		6.750%		MI - 90.00%		Paid Off - 360		01-Feb-2005
11820040 1			76,000.00		75,994.62			07-Oct-2005		6.950%		FL - 80.00%		Paid Off - 360		01-Mar-2005
11820040 1					75,994.62			07-Oct-2005		6.950%		FL - 80.00%		Paid Off - 360		01-Mar-2005
11820155 1			236,700.00		234,912.51			29-Sep-2005		7.000%		GA - 90.00%		Paid Off - 360		01-Jan-2005
11820155 1					234,912.51			29-Sep-2005		7.000%		GA - 90.00%		Paid Off - 360		01-Jan-2005
11820358 1			216,000.00		215,995.04			23-Sep-2005		6.550%		FL - 90.00%		Paid Off - 360		01-Feb-2005
11820358 1					215,995.04			23-Sep-2005		6.550%		FL - 90.00%		Paid Off - 360		01-Feb-2005
11820413 1			200,000.00		198,762.10			22-Sep-2005		7.400%		MA - 80.00%		Paid Off - 360		01-Feb-2005
11820413 1					198,762.10			22-Sep-2005		7.400%		MA - 80.00%		Paid Off - 360		01-Feb-2005
11820679 1			162,500.00		161,083.05			20-Sep-2005		6.250%		MD - 79.85%		Paid Off - 360		01-Jan-2005
11820679 1					161,083.05			20-Sep-2005		6.250%		MD - 79.85%		Paid Off - 360		01-Jan-2005
11821185 1			409,050.00		409,005.05			20-Sep-2005		6.500%		MD - 90.00%		Paid Off - 360		01-Feb-2005
11821185 1					409,005.05			20-Sep-2005		6.500%		MD - 90.00%		Paid Off - 360		01-Feb-2005
11821560 1			227,000.00		225,581.10			13-Oct-2005		7.350%		CA - 62.88%		Paid Off - 360		01-Feb-2005
11821560 1					225,581.10			13-Oct-2005		7.350%		CA - 62.88%		Paid Off - 360		01-Feb-2005
11821595 1			264,000.00		263,999.79			19-Sep-2005		6.900%		VA - 79.52%		Paid Off - 360		01-Feb-2005
11821595 1					263,999.79					6.900%		VA - 79.52%		Paid Off - 360


Page 19 of 27
Saxon Asset Securities Trust 2005-1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-1

October 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

11821684 1			298,119.00		298,119.00			27-Sep-2005		6.625%		CA - 93.75%		Paid Off - 360		01-Jan-2005
			298,119.00

11821721 1			280,000.00		279,999.32			03-Oct-2005		7.300%		CA - 70.00%		Paid Off - 360		01-Nov-2004
11821721 1					279,999.32			03-Oct-2005		7.300%		CA - 70.00%		Paid Off - 360		01-Nov-2004
11822504 1			88,500.00		87,893.89			21-Sep-2005		6.900%		MI - 67.05%		Paid Off - 360		01-Feb-2005
11822504 1					87,893.89			21-Sep-2005		6.900%		MI - 67.05%		Paid Off - 360		01-Feb-2005
11822567 1			403,000.00		403,000.00			10-Oct-2005		5.224%		VA - 76.76%		Paid Off - 360		01-Feb-2005
11822567 1					403,000.00			10-Oct-2005		5.224%		VA - 76.76%		Paid Off - 360		01-Feb-2005
11822669 1			200,000.00		199,903.45			14-Oct-2005		7.050%		NV - 80.00%		Paid Off - 360		01-Jan-2005
11822669 1					199,903.45			14-Oct-2005		7.050%		NV - 80.00%		Paid Off - 360		01-Jan-2005
11823143 1			338,000.00		338,000.00			05-Oct-2005		5.950%		AZ - 80.00%		Paid Off - 360		01-Feb-2005
11823143 1					338,000.00			05-Oct-2005		5.950%		AZ - 80.00%		Paid Off - 360		01-Feb-2005
11823719 1			111,562.00		110,936.61			30-Sep-2005		7.900%		CT - 92.20%		Paid Off - 360		01-Feb-2005
11823719 1					110,936.61			30-Sep-2005		7.900%		CT - 92.20%		Paid Off - 360		01-Feb-2005
11823847 1			500,000.00		496,279.21			29-Sep-2005		6.450%		MD - 89.29%		Paid Off - 360		01-Feb-2005
11823847 1					496,279.21			29-Sep-2005		6.450%		MD - 89.29%		Paid Off - 360		01-Feb-2005
11823878 1			224,320.00		222,360.67			21-Sep-2005		5.600%		MD - 80.00%		Paid Off - 360		01-Feb-2005
11823878 1					222,360.67			21-Sep-2005		5.600%		MD - 80.00%		Paid Off - 360		01-Feb-2005
11823958 1			254,290.00		254,290.00			28-Sep-2005		7.350%		MD - 86.20%		Paid Off - 360		01-Feb-2005
11823958 1					254,290.00			28-Sep-2005		7.350%		MD - 86.20%		Paid Off - 360		01-Feb-2005
11824461 1			64,600.00		64,263.28			06-Oct-2005		8.300%		MI - 85.00%		Paid Off - 360		01-Feb-2005
11824461 1					64,263.28			06-Oct-2005		8.300%		MI - 85.00%		Paid Off - 360		01-Feb-2005
11824519 1			480,000.00		480,000.00			03-Oct-2005		7.500%		CA - 78.69%		Paid Off - 360		01-Feb-2005
11824519 1					480,000.00			03-Oct-2005		7.500%		CA - 78.69%		Paid Off - 360		01-Feb-2005
11824757 1			171,000.00		170,002.54			20-Sep-2005		7.700%		GA - 90.00%		Paid Off - 360		01-Feb-2005
11824757 1					170,002.54			20-Sep-2005		7.700%		GA - 90.00%		Paid Off - 360		01-Feb-2005
11824797 1			225,000.00		225,000.00			29-Sep-2005		6.875%		MD - 90.00%		Paid Off - 360		01-Feb-2005
11824797 1					225,000.00			29-Sep-2005		6.875%		MD - 90.00%		Paid Off - 360		01-Feb-2005
11825011 1			480,000.00		479,392.77			04-Oct-2005		5.750%		CA - 80.00%		Paid Off - 360		01-Feb-2005
11825011 1					479,392.77			04-Oct-2005		5.750%		CA - 80.00%		Paid Off - 360		01-Feb-2005
11825014 1			159,600.00		159,600.00			29-Sep-2005		7.250%		VA - 95.00%		Paid Off - 360		01-Feb-2005
11825014 1					159,600.00			29-Sep-2005		7.250%		VA - 95.00%		Paid Off - 360		01-Feb-2005
11825167 1			307,700.00		307,697.99			07-Oct-2005		5.900%		MD - 85.00%		Paid Off - 360		01-Feb-2005
11825167 1					307,697.99			07-Oct-2005		5.900%		MD - 85.00%		Paid Off - 360		01-Feb-2005
11825376 1			280,000.00		280,000.00			26-Sep-2005		5.990%		CA - 80.00%		Paid Off - 360		01-Feb-2005
11825376 1					280,000.00			26-Sep-2005		5.990%		CA - 80.00%		Paid Off - 360		01-Feb-2005
11826780 1			300,000.00		298,448.01			12-Oct-2005		8.300%		MD - 72.12%		Paid Off - 360		01-Feb-2005
11826780 1					298,448.01			12-Oct-2005		8.300%		MD - 72.12%		Paid Off - 360		01-Feb-2005
11826807 1			213,680.00		212,134.82			13-Oct-2005		6.600%		MD - 80.00%		Paid Off - 360		01-Feb-2005
11826807 1					212,134.82			13-Oct-2005		6.600%		MD - 80.00%		Paid Off - 360		01-Feb-2005
11827186 1			135,000.00		133,899.81			30-Sep-2005		6.260%		TX - 75.00%		Paid Off - 360		01-Feb-2005
11827186 1					133,899.81			30-Sep-2005		6.260%		TX - 75.00%		Paid Off - 360		01-Feb-2005
11827264 1			307,000.00		307,000.00			26-Sep-2005		7.500%		MI - 73.98%		Paid Off - 360		01-Feb-2005
11827264 1					307,000.00			26-Sep-2005		7.500%		MI - 73.98%		Paid Off - 360		01-Feb-2005
11827329 1			78,500.00		77,983.78			29-Sep-2005		7.100%		FL - 74.20%		Paid Off - 360		01-Feb-2005
11827329 1					77,983.78			29-Sep-2005		7.100%		FL - 74.20%		Paid Off - 360		01-Feb-2005
11827424 1			94,350.00		93,475.47			22-Sep-2005		7.009%		IN - 85.00%		Paid Off - 360		01-Nov-2004
11827424 1					93,475.47			22-Sep-2005		7.009%		IN - 85.00%		Paid Off - 360		01-Nov-2004
11827907 1			284,750.00		284,750.00			03-Oct-2005		5.550%		MD - 85.00%		Paid Off - 360		01-Feb-2005
11827907 1					284,750.00			03-Oct-2005		5.550%		MD - 85.00%		Paid Off - 360		01-Feb-2005
11828159 1			185,019.00		183,928.42			11-Oct-2005		7.650%		CA - 89.82%		Paid Off - 360		01-Feb-2005
11828159 1					183,928.42			11-Oct-2005		7.650%		CA - 89.82%		Paid Off - 360		01-Feb-2005
11828370 1			197,000.00		197,000.00			06-Oct-2005		6.850%		CA - 89.95%		Paid Off - 360		01-Mar-2005
11828370 1					197,000.00			06-Oct-2005		6.850%		CA - 89.95%		Paid Off - 360		01-Mar-2005
11828660 1			225,000.00		222,534.45			26-Sep-2005		5.990%		CA - 90.00%		Paid Off - 360		01-Jan-2005
11828660 1					222,534.45			26-Sep-2005		5.990%		CA - 90.00%		Paid Off - 360		01-Jan-2005
11828665 1			228,000.00		226,011.88			27-Sep-2005		6.250%		CA - 63.33%		Paid Off - 360		01-Jan-2005
11828665 1					226,011.88			27-Sep-2005		6.250%		CA - 63.33%		Paid Off - 360		01-Jan-2005
11829033 1			180,400.00		179,447.72			05-Oct-2005		8.200%		FL - 82.00%		Paid Off - 360		01-Feb-2005
11829033 1					179,447.72			05-Oct-2005		8.200%		FL - 82.00%		Paid Off - 360		01-Feb-2005
11829450 1			235,000.00		233,365.03			04-Oct-2005		6.800%		CA - 51.76%		Paid Off - 360		01-Feb-2005
11829450 1					233,365.03			04-Oct-2005		6.800%		CA - 51.76%		Paid Off - 360		01-Feb-2005
11829573 1			296,000.00		293,625.42			06-Oct-2005		6.100%		CA - 80.00%		Paid Off - 360		01-Feb-2005
11829573 1					293,625.42			06-Oct-2005		6.100%		CA - 80.00%		Paid Off - 360		01-Feb-2005
11830308 1			370,000.00		370,000.00			30-Sep-2005		7.990%		IL - 75.51%		Paid Off - 360		01-Feb-2005
11830308 1					370,000.00			30-Sep-2005		7.990%		IL - 75.51%		Paid Off - 360		01-Feb-2005
11830696 1			278,400.00		278,400.00			04-Oct-2005		5.750%		CA - 80.00%		Paid Off - 360		01-Mar-2005
11830696 1					278,400.00			04-Oct-2005		5.750%		CA - 80.00%		Paid Off - 360		01-Mar-2005
11831025 1			210,960.00		210,960.00			14-Oct-2005		7.650%		VA - 76.02%		Paid Off - 360		01-Mar-2005
11831025 1					210,960.00			14-Oct-2005		7.650%		VA - 76.02%		Paid Off - 360		01-Mar-2005
11831151 1			288,000.00		287,961.02			13-Oct-2005		5.850%		CA - 82.29%		Paid Off - 360		01-Feb-2005
11831151 1					287,961.02			13-Oct-2005		5.850%		CA - 82.29%		Paid Off - 360		01-Feb-2005
11831296 1			349,600.00		349,600.00			29-Sep-2005		7.000%		MD - 80.00%		Paid Off - 360		01-Feb-2005
11831296 1					349,600.00			29-Sep-2005		7.000%		MD - 80.00%		Paid Off - 360		01-Feb-2005
11831304 1			320,000.00		320,000.00			17-Oct-2005		6.300%		CA - 74.42%		Paid Off - 360		01-Feb-2005
11831304 1					320,000.00					6.300%		CA - 74.42%		Paid Off - 360


Page 20 of 27
Saxon Asset Securities Trust 2005-1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-1

October 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

11831356 1			217,700.00		217,699.95			14-Oct-2005		7.950%		VA - 70.00%		Paid Off - 360		01-Mar-2005
			217,700.00

11831472 1			136,000.00		135,233.58			26-Sep-2005		7.900%		IL - 80.00%		Paid Off - 360		01-Feb-2005
11831472 1					135,233.58			26-Sep-2005		7.900%		IL - 80.00%		Paid Off - 360		01-Feb-2005
11831623 1			121,500.00		120,302.14			06-Oct-2005		6.450%		FL - 90.00%		Paid Off - 360		01-Feb-2005
11831623 1					120,302.14			06-Oct-2005		6.450%		FL - 90.00%		Paid Off - 360		01-Feb-2005
11831700 1			336,000.00		336,000.00			20-Sep-2005		7.250%		FL - 80.00%		Paid Off - 360		01-Feb-2005
11831700 1					336,000.00			20-Sep-2005		7.250%		FL - 80.00%		Paid Off - 360		01-Feb-2005
11832413 1			165,600.00		165,599.51			05-Oct-2005		8.050%		IA - 90.00%		Paid Off - 360		01-Apr-2005
11832413 1					165,599.51			05-Oct-2005		8.050%		IA - 90.00%		Paid Off - 360		01-Apr-2005
11832420 1			180,000.00		179,145.13			10-Oct-2005		8.050%		MD - 90.00%		Paid Off - 360		01-Mar-2005
11832420 1					179,145.13			10-Oct-2005		8.050%		MD - 90.00%		Paid Off - 360		01-Mar-2005
11832588 1			193,200.00		193,200.00			07-Oct-2005		7.650%		NM - 70.00%		Paid Off - 360		01-Mar-2005
11832588 1					193,200.00			07-Oct-2005		7.650%		NM - 70.00%		Paid Off - 360		01-Mar-2005
11834637 1			185,000.00		184,969.03			13-Oct-2005		6.375%		MD - 87.02%		Paid Off - 360		01-Mar-2005
11834637 1					184,969.03			13-Oct-2005		6.375%		MD - 87.02%		Paid Off - 360		01-Mar-2005
11834797 1			106,000.00		105,489.54			26-Sep-2005		7.975%		GA - 79.70%		Paid Off - 360		01-Mar-2005
11834797 1					105,489.54			26-Sep-2005		7.975%		GA - 79.70%		Paid Off - 360		01-Mar-2005
11835756 1			160,000.00		159,819.62			26-Sep-2005		7.550%		CA - 80.00%		Paid Off - 360		01-Mar-2005
11835756 1					159,819.62			26-Sep-2005		7.550%		CA - 80.00%		Paid Off - 360		01-Mar-2005
11835963 1			169,600.00		168,728.53			17-Oct-2005		6.850%		IL - 78.88%		Paid Off - 360		01-Apr-2005
11835963 1					168,728.53			17-Oct-2005		6.850%		IL - 78.88%		Paid Off - 360		01-Apr-2005
11837489 1			297,000.00		296,997.25			04-Oct-2005		6.250%		CA - 90.00%		Paid Off - 360		01-Apr-2005
11837489 1					296,997.25			04-Oct-2005		6.250%		CA - 90.00%		Paid Off - 360		01-Apr-2005
11837498 1			150,000.00		149,098.19			30-Sep-2005		6.850%		CA - 80.65%		Paid Off - 360		01-Mar-2005
11837498 1					149,098.19			30-Sep-2005		6.850%		CA - 80.65%		Paid Off - 360		01-Mar-2005
11837590 1			60,000.00		59,728.62			22-Sep-2005		7.950%		NV - 28.57%		Paid Off - 360		01-Apr-2005
11837590 1					59,728.62			22-Sep-2005		7.950%		NV - 28.57%		Paid Off - 360		01-Apr-2005
11837775 1			144,500.00		144,500.00			06-Oct-2005		7.450%		MD - 85.00%		Paid Off - 360		01-Mar-2005
11837775 1					144,500.00			06-Oct-2005		7.450%		MD - 85.00%		Paid Off - 360		01-Mar-2005
11838164 1			153,000.00		153,000.00			13-Oct-2005		7.990%		CA - 90.00%		Paid Off - 360		01-Mar-2005
11838164 1					153,000.00			13-Oct-2005		7.990%		CA - 90.00%		Paid Off - 360		01-Mar-2005
11838207 1			201,500.00		201,500.00			17-Oct-2005		6.990%		MD - 87.61%		Paid Off - 360		01-Apr-2005
11838207 1					201,500.00			17-Oct-2005		6.990%		MD - 87.61%		Paid Off - 360		01-Apr-2005
11838512 1			128,000.00		127,228.68			19-Sep-2005		6.950%		CA - 80.00%		Paid Off - 360		01-Mar-2005
11838512 1					127,228.68			19-Sep-2005		6.950%		CA - 80.00%		Paid Off - 360		01-Mar-2005
11839955 1			263,500.00		262,101.92			23-Sep-2005		6.700%		CA - 77.27%		Paid Off - 360		01-Apr-2005
11839955 1					262,101.92			23-Sep-2005		6.700%		CA - 77.27%		Paid Off - 360		01-Apr-2005
11840404 1			100,000.00		100,000.00			03-Oct-2005		7.100%		AZ - 80.00%		Paid Off - 360		01-Mar-2005
11840404 1					100,000.00			03-Oct-2005		7.100%		AZ - 80.00%		Paid Off - 360		01-Mar-2005
11840597 1			130,000.00		129,054.92			28-Sep-2005		5.950%		NJ - 64.04%		Paid Off - 360		01-Apr-2005
11840597 1					129,054.92			28-Sep-2005		5.950%		NJ - 64.04%		Paid Off - 360		01-Apr-2005
11840643 1			297,000.00		297,000.00			05-Oct-2005		7.150%		VA - 90.00%		Paid Off - 360		01-Apr-2005
11840643 1					297,000.00			05-Oct-2005		7.150%		VA - 90.00%		Paid Off - 360		01-Apr-2005
11840647 1			96,750.00		96,251.85			13-Oct-2005		7.650%		VA - 75.00%		Paid Off - 360		01-Mar-2005
11840647 1					96,251.85			13-Oct-2005		7.650%		VA - 75.00%		Paid Off - 360		01-Mar-2005
11840824 1			172,000.00		170,841.35			23-Sep-2005		5.425%		IL - 63.70%		Paid Off - 360		01-Apr-2005
11840824 1					170,841.35			23-Sep-2005		5.425%		IL - 63.70%		Paid Off - 360		01-Apr-2005
11841334 1			155,700.00		155,078.45			21-Sep-2005		8.125%		NC - 90.00%		Paid Off - 360		01-Apr-2005
11841334 1					155,078.45			21-Sep-2005		8.125%		NC - 90.00%		Paid Off - 360		01-Apr-2005
11843440 1			85,000.00		84,500.35			30-Sep-2005		6.150%		AZ - 54.91%		Paid Off - 360		01-Apr-2005
11843440 1					84,500.35			30-Sep-2005		6.150%		AZ - 54.91%		Paid Off - 360		01-Apr-2005
11843478 1			50,000.00		48,466.83			06-Oct-2005		6.150%		OR - 40.00%		Paid Off - 180		01-Apr-2005
11843478 1					48,466.83			06-Oct-2005		6.150%		OR - 40.00%		Paid Off - 180		01-Apr-2005
11843639 1			117,600.00		116,752.27			26-Sep-2005		5.900%		FL - 80.00%		Paid Off - 360		01-Mar-2005
11843639 1					116,752.27			26-Sep-2005		5.900%		FL - 80.00%		Paid Off - 360		01-Mar-2005
11845057 1			175,000.00		175,000.00			19-Sep-2005		7.900%		CA - 54.69%		Paid Off - 360		01-Apr-2005
11845057 1					175,000.00			19-Sep-2005		7.900%		CA - 54.69%		Paid Off - 360		01-Apr-2005
11845783 1			125,200.00		124,563.34			03-Oct-2005		7.600%		IL - 80.00%		Paid Off - 360		01-Apr-2005
11845783 1					124,563.34			03-Oct-2005		7.600%		IL - 80.00%		Paid Off - 360		01-Apr-2005
11846916 1			251,200.00		251,170.34			22-Sep-2005		6.990%		VA - 74.99%		Paid Off - 360		01-Apr-2005
11846916 1					251,170.34			22-Sep-2005		6.990%		VA - 74.99%		Paid Off - 360		01-Apr-2005
11849442 1			272,000.00		270,897.68			30-Sep-2005		8.050%		FL - 85.00%		Paid Off - 360		01-Apr-2005
11849442 1					270,897.68			30-Sep-2005		8.050%		FL - 85.00%		Paid Off - 360		01-Apr-2005


TOTAL			29,885,850.00		29,781,100.28
TOTAL


Page 21 of 27
Saxon Asset Securities Trust 2005-1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-1

October 25, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



															Total


Current
Current



Number of Loans Liquidated														1
Collateral Principal Realized Loss/(Gain) Amount														29,624.52
Collateral Interest Realized Loss/(Gain) Amount														0.00
Net Liquidation Proceeds														293,308.81

Cumulative
Cumulative



Number of Loans Liquidated														1
Collateral Realized Loss/(Gain) Amount														29,624.52
Net Liquidation Proceeds														293,308.81










Page 22 of 27
Saxon Asset Securities Trust 2005-1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-1

October 25, 2005 Distribution


DEFAULT SPEEDS



															Total



MDR														0.04%
3 Months Avg MDR														0.01%
12 Months Avg MDR														0.00%
Avg MDR Since Cut-off														0.00%


CDR														0.47%
3 Months Avg CDR														0.16%
12 Months Avg CDR														0.05%
Avg CDR Since Cut-off														0.05%


SDA														2.44%
3 Months Avg SDA Approximation														0.91%
12 Months Avg SDA Approximation														0.46%
Avg SDA Since Cut-off Approximation														0.46%


Loss Severity Approximation for Current Period														9.17%
3 Months Avg Loss Severity Approximation														3.06%
12 Months Avg Loss Severity Approximation														1.02%
Avg Loss Severity Approximation Since Cut-off														1.02%












Page 23 of 27
Saxon Asset Securities Trust 2005-1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-1

October 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 24 of 27
Saxon Asset Securities Trust 2005-1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-1

October 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)
11797009 1
11797009 1		Forcls	7.875%		CO - 72.22%		360		322,933.33				29,624.52		0.00



TOTAL									322,933.33			29,624.52		0.00



Page 25 of 27
Saxon Asset Securities Trust 2005-1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-1

October 25, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
TRIGGER EVENTS
														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								21,067,996.93
						Ending Collateral Balance								792,744,644.74
						Delinquency Percentage								2.6600%

						Senior Enhancement Percentage								27.544814%

						Cumulative Loss Percentage								0.0000%


ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION

SPACE INTENTIONALLY LEFT BLANK




Page 26 of 27
Saxon Asset Securities Trust 2005-1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-1

October 25, 2005 Distribution
Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

													NET WAC Shortfall CarryOver		NET WAC Shortfall Paid
CLASS

			A-1										$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
			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 27 of 27

Saxon Asset Securities Trust 2005-1 8-K