
                                    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): December 27, 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
     December 27, 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:  Dec 29, 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
              December 27, 2005.



Saxon Asset Securities Trust 2005-1

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

December 27, 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:			December 27, 2005
										Factor Information:			(800) 735-7777
				Record Date:			November 30, 2005			Factor Information:			(800) 735-7777
										Main Phone Number:			(714) 247-6000

							December 23, 2005
							December 23, 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

December 27, 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		269,353,911.04		1,059,159.43		16,273,402.97		17,332,562.40		0.00		0.00		253,080,508.07
A-1	SR	$	399,250,000.00		269,353,911.04		1,059,159.43		16,273,402.97		17,332,562.40		0.00		0.00		253,080,508.07
A-2A	SR	$	203,393,000.00		73,496,911.05		281,166.52		16,273,402.97		16,554,569.49		0.00		0.00		57,223,508.08
A-2B	SR	$	179,656,000.00		179,656,000.00		704,850.37		0.00		704,850.37		0.00		0.00		179,656,000.00
A-2C	SR	$	16,201,000.00		16,201,000.00		65,290.03		0.00		65,290.03		0.00		0.00		16,201,000.00
M-1	MEZ	$	50,500,000.00		50,500,000.00		208,901.67		0.00		208,901.67		0.00		0.00		50,500,000.00
M-2	MEZ	$	42,000,000.00		42,000,000.00		174,486.67		0.00		174,486.67		0.00		0.00		42,000,000.00
M-3	MEZ	$	15,500,000.00		15,500,000.00		64,945.00		0.00		64,945.00		0.00		0.00		15,500,000.00
M-4	MEZ	$	23,500,000.00		23,500,000.00		103,269.44		0.00		103,269.44		0.00		0.00		23,500,000.00
M-5	MEZ	$	18,500,000.00		18,500,000.00		81,790.56		0.00		81,790.56		0.00		0.00		18,500,000.00
M-6	MEZ	$	14,500,000.00		14,500,000.00		64,621.67		0.00		64,621.67		0.00		0.00		14,500,000.00
B-1	SUB	$	15,000,000.00		15,000,000.00		73,650.00		0.00		73,650.00		0.00		0.00		15,000,000.00
B-2	SUB	$	11,500,000.00		11,500,000.00		57,691.67		0.00		57,691.67		0.00		0.00		11,500,000.00
B-3	SUB	$	10,500,000.00		10,500,000.00		61,075.00		0.00		61,075.00		0.00		0.00		10,500,000.00
TRUST	NOF/SUB	$	0.00		0.00		1,562,793.24		0.00		1,562,793.24		0.00		0.00		0.00


Total			1,000,000,000.00		740,207,822.09		4,563,691.27		32,546,805.94		37,110,497.21		0.00		0.00		707,661,016.15
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	11/25/05		12/26/05		A-Act/360		805564RH6		399,250,000.00		674.649746		2.652873		40.759932		43.412805	633.889814
A-2A	11/25/05		12/26/05		A-Act/360		805564RJ2		203,393,000.00		361.354182		1.382381		80.009651		81.392032	281.344530
A-2B	11/25/05		12/26/05		A-Act/360		805564RK9		179,656,000.00		1,000.000000		3.923333		0.000000		3.923333	1,000.000000
A-2C	11/25/05		12/26/05		A-Act/360		805564RL7		16,201,000.00		1,000.000000		4.030000		0.000000		4.030000	1,000.000000
M-1	11/25/05		12/26/05		A-Act/360		805564RM5		50,500,000.00		1,000.000000		4.136667		0.000000		4.136667	1,000.000000
M-2	11/25/05		12/26/05		A-Act/360		805564RN3		42,000,000.00		1,000.000000		4.154445		0.000000		4.154445	1,000.000000
M-3	11/25/05		12/26/05		A-Act/360		805564RP8		15,500,000.00		1,000.000000		4.190000		0.000000		4.190000	1,000.000000
M-4	11/25/05		12/26/05		A-Act/360		805564RQ6		23,500,000.00		1,000.000000		4.394444		0.000000		4.394444	1,000.000000
M-5	11/25/05		12/26/05		A-Act/360		805564RR4		18,500,000.00		1,000.000000		4.421111		0.000000		4.421111	1,000.000000
M-6	11/25/05		12/26/05		A-Act/360		805564RS2		14,500,000.00		1,000.000000		4.456667		0.000000		4.456667	1,000.000000
B-1	11/25/05		12/26/05		A-Act/360		805564RT0		15,000,000.00		1,000.000000		4.910000		0.000000		4.910000	1,000.000000
B-2	11/25/05		12/26/05		A-Act/360		805564RU7		11,500,000.00		1,000.000000		5.016667		0.000000		5.016667	1,000.000000
B-3	11/25/05		12/26/05		A-Act/360		805564RV5		10,500,000.00		1,000.000000		5.816667		0.000000		5.816667	1,000.000000
TRUST	11/25/05		12/24/05		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

December 27, 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		11,295,680.51		143,701,848.40		2,467,643.53		146,169,491.93		157,465,172.44		0.00		0.00		253,080,508.07
A-2A	203,393,000.00		4,610,748.04		143,701,848.39		2,467,643.53		146,169,491.92		150,780,239.96		0.00		0.00		57,223,508.08
A-2B	179,656,000.00		5,961,011.74		0.00		0.00		0.00		5,961,011.74		0.00		0.00		179,656,000.00
A-2C	16,201,000.00		555,696.61		0.00		0.00		0.00		555,696.61		0.00		0.00		16,201,000.00
M-1	50,500,000.00		1,788,717.22		0.00		0.00		0.00		1,788,717.22		0.00		0.00		50,500,000.00
M-2	42,000,000.00		1,495,486.02		0.00		0.00		0.00		1,495,486.02		0.00		0.00		42,000,000.00
M-3	15,500,000.00		557,692.21		0.00		0.00		0.00		557,692.21		0.00		0.00		15,500,000.00
M-4	23,500,000.00		895,980.00		0.00		0.00		0.00		895,980.00		0.00		0.00		23,500,000.00
M-5	18,500,000.00		710,525.99		0.00		0.00		0.00		710,525.99		0.00		0.00		18,500,000.00
M-6	14,500,000.00		562,312.08		0.00		0.00		0.00		562,312.08		0.00		0.00		14,500,000.00
B-1	15,000,000.00		653,102.13		0.00		0.00		0.00		653,102.13		0.00		0.00		15,000,000.00
B-2	11,500,000.00		513,591.64		0.00		0.00		0.00		513,591.64		0.00		0.00		11,500,000.00
B-3	10,500,000.00		557,131.48		0.00		0.00		0.00		557,131.48		0.00		0.00		10,500,000.00
TRUST	0.00		6,067,350.93		0.00		0.00		0.00		6,067,350.93		0.00		0.00		0.00


Total	1,000,000,000.00		36,225,026.60		287,403,696.79		4,935,287.06		292,338,983.85		328,564,010.45		0.00		0.00		707,661,016.15


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	4.42375%		269,353,911.04		1,059,159.43		0.00		0.00		0.00		1,059,159.43		1,059,159.43		0.00
A-2A	4.30375%		73,496,911.05		281,166.52		0.00		0.00		0.00		281,166.52		281,166.52		0.00
A-2B	4.41375%		179,656,000.00		704,850.37		0.00		0.00		0.00		704,850.37		704,850.37		0.00
A-2C	4.53375%		16,201,000.00		65,290.03		0.00		0.00		0.00		65,290.03		65,290.03		0.00
M-1	4.65375%		50,500,000.00		208,901.67		0.00		0.00		0.00		208,901.67		208,901.67		0.00
M-2	4.67375%		42,000,000.00		174,486.67		0.00		0.00		0.00		174,486.67		174,486.67		0.00
M-3	4.71375%		15,500,000.00		64,945.00		0.00		0.00		0.00		64,945.00		64,945.00		0.00
M-4	4.94375%		23,500,000.00		103,269.44		0.00		0.00		0.00		103,269.44		103,269.44		0.00
M-5	4.97375%		18,500,000.00		81,790.56		0.00		0.00		0.00		81,790.56		81,790.56		0.00
M-6	5.01375%		14,500,000.00		64,621.67		0.00		0.00		0.00		64,621.67		64,621.67		0.00
B-1	5.52375%		15,000,000.00		73,650.00		0.00		0.00		0.00		73,650.00		73,650.00		0.00
B-2	5.64375%		11,500,000.00		57,691.67		0.00		0.00		0.00		57,691.67		57,691.67		0.00
B-3	5.96863%		10,500,000.00		55,707.24		0.00		0.00		0.00		55,707.24		61,075.00		0.00
TRUST	0.00000%		0.00		0.00		78.35		0.00		0.00		-78.35		1,562,793.24		0.00


Total			740,207,822.09		2,995,530.27		78.35		0.00		0.00		2,995,451.92		4,563,691.27		0.00



Page 3 of 27
Saxon Asset Securities Trust 2005-1

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

December 27, 2005 Distribution
Collection Account Report
SUMMARY
SUMMARY
														Total
Principal Collections														32,546,443.94
Principal Withrawals														0.00
Principal Other Accounts														0.00
TOTAL NET PRINCIPAL														32,546,443.94
Interest Collections														4,294,992.39
Interest Withdrawals														-0.00
Interest Other Accounts														536,113.22
Interest Fees														-172,151.36
TOTAL NET INTEREST														4,658,954.25
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION														37,205,398.19
Retained Interest paid to SAXON Funding Management														94,900.98



PRINCIPAL - COLLECTIONS
PRINCIPAL - COLLECTIONS
															Total
Scheduled Principal Received															412,307.84
Curtailments															34,716.30
Prepayments In Full															32,099,781.80
Repurchased/Substitutions															0.00
Liquidations															0.00
Other Additional Principal															0.00
Delinquent Principal															-119,924.37
Realized Losses															-362.00
Advanced Principal															119,924.37
TOTAL PRINCIPAL COLLECTED															32,546,443.94


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

December 27, 2005 Distribution

INTEREST - COLLECTIONS
INTEREST - COLLECTIONS
														Total
Scheduled Interest														4,338,394.67
Repurchased/Substitution Interest														0.00
Liquidation Interest														0.00
Other Additional Interest														0.00
Prepayment Interest Shortfalls														-13,066.53
Delinquent Interest														-1,231,845.04
Compensating Interest														13,066.53
Civil Relief Act Shortfalls														-78.35
Interest Advanced														1,188,521.10
TOTAL INTEREST COLLECTED														4,294,992.39


INTEREST - WITHDRAWALS
INTEREST - WITHDRAWALS
														Total
TOTAL INTEREST WITHDRAWALS														0.00



INTEREST - OTHER ACCOUNTS
INTEREST - OTHER ACCOUNTS
														Total
Prepayment Charges														536,113.22
TOTAL INTEREST OTHER ACCOUNTS														536,113.22



INTEREST - FEES
INTEREST - FEES
														Total
Current Servicing Fees														115,189.39
Master Servicing Fees														31,633.66
PMI Insurance Fees														25,328.31
TOTAL INTEREST FEES														172,151.36




Page 5 of 27
Saxon Asset Securities Trust 2005-1

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

December 27, 2005 Distribution
Credit Enhancement Report
ACCOUNTS


SPACE INTENTIONALLY LEFT BLANK





INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES
STRUCTURAL FEATURES
														Total
Overcollateralization Amount														19,000,000.00
Overcollateralization Target Amount														19,000,000.00
Overcollateralization Deficiency Amount														0.00
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

December 27, 2005 Distribution
Collateral Report


COLLATERAL



															Total



Loan Count:


Original														4,321
Prior														4,441
Prefunding														0
Scheduled Paid Offs														-0
Full Voluntary Prepayments														-160
Repurchases														-0
Liquidations														-0
Current														4,281
Principal Balance:


Original														781,730,479.75
Prior														759,207,822.09
Prefunding														0.00
Scheduled Principal														-412,307.84
Partial Prepayments														-34,716.30
Full Voluntary Prepayments														-32,099,781.80
Repurchases														-0.00
Liquidations														-0.00
Current														726,661,016.15





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

December 27, 2005 Distribution

CHARACTERISTICS
CHARACTERISTICS
														Total
Weighted Average Coupon Original														6.75583%
Weighted Average Coupon Prior														6.86365%
Weighted Average Coupon Current														6.85917%
Weighted Average Months to Maturity Original														354
Weighted Average Months to Maturity Prior														344
Weighted Average Months to Maturity Current														343
Weighted Avg Remaining Amortization Term Original														354
Weighted Avg Remaining Amortization Term Prior														344
Weighted Avg Remaining Amortization Term Current														343
Weighted Average Seasoning Original														2.04
Weighted Average Seasoning Prior														10.61
Weighted Average Seasoning Current														11.61









Page 8 of 27
Saxon Asset Securities Trust 2005-1

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

December 27, 2005 Distribution

ARM CHARACTERISTICS
ARM CHARACTERISTICS
														Total
Weighted Average Margin Original														5.68543%
Weighted Average Margin Prior														5.60181%
Weighted Average Margin Current														5.59630%
Weighted Average Max Rate Original														12.90108%
Weighted Average Max Rate Prior														12.82878%
Weighted Average Max Rate Current														12.81937%
Weighted Average Min Rate Original														6.14536%
Weighted Average Min Rate Prior														6.04493%
Weighted Average Min Rate Current														6.03469%
Weighted Average Cap Up Original														1.02453%
Weighted Average Cap Up Prior														1.02034%
Weighted Average Cap Up Current														1.02042%
Weighted Average Cap Down Original														1.02453%
Weighted Average Cap Down Prior														1.02034%
Weighted Average Cap Down Current														1.02042%




SERVICING FEES & ADVANCES

															Total




Current Servicing Fees														115,189.39
Delinquent Servicing Fees														42,960.31
TOTAL SERVICING FEES														158,156.68


Servicing Fees														158,156.68
Master Servicing Fees														31,633.66
Total Servicing Fees (incl. Master Servicing Fees)														189,801.96
Compensating Interest														-13,066.53
Delinquent Servicing Fees														-42,960.31
COLLECTED SERVICING FEES														133,744.91

Total Advanced Interest														1,188,521.10
Total Advanced Principal														119,924.37
Aggregate Advances with respect to this Distribution														1,308,445.47





ADDITIONAL COLLATERAL INFORMATION
														Total
Prepayment Interest Shortfall (PPIS)														13,066.53
Compensating Interest														-13,066.53
Net Prepayment Interest Shortfall (PPIS)														0.00

Libor For Current Period														4.1938%

Libor For Next Period														4.3788%

Retained Interest paid to SAXON Funding Management														94,900.98


Page 9 of 27
Saxon Asset Securities Trust 2005-1

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

December 27, 2005 Distribution




Page 10 of 27
Saxon Asset Securities Trust 2005-1

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

December 27, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				9,873,852.44		6,568,843.98		1,537,623.47		17,980,319.89
			% Balance				1.36%		0.90%		0.21%		2.47%
			# Loans				70		41		15		126
			% # Loans				1.64%		0.96%		0.35%		2.94%
	FORECLOSURE		Balance		273,299.97		0.00		0.00		10,113,653.64		10,386,953.61
			% Balance		0.04%		0.00%		0.00%		1.39%		1.43%
			# Loans		4		0		0		56		60
			% # Loans		0.09%		0.00%		0.00%		1.31%		1.40%
	BANKRUPTCY		Balance		1,119,959.91		198,035.42		734,146.68		3,920,686.34		5,972,828.35
			% Balance		0.15%		0.03%		0.10%		0.54%		0.82%
			# Loans		10		2		7		25		44
			% # Loans		0.23%		0.05%		0.16%		0.58%		1.03%
	REO		Balance		0.00		0.00		0.00		2,767,589.80		2,767,589.80
			% Balance		0.00%		0.00%		0.00%		0.38%		0.38%
			# Loans		0		0		0		22		22
			% # Loans		0.00%		0.00%		0.00%		0.51%		0.51%
	TOTAL		Balance		1,393,259.88		10,071,887.86		7,302,990.66		18,339,553.25		37,107,691.65
			% Balance		0.19%		1.39%		1.01%		2.52%		5.11%
			# Loans		14		72		48		118		252
			% # Loans		0.33%		1.68%		1.12%		2.76%		5.89%








Page 11 of 27
Saxon Asset Securities Trust 2005-1

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

December 27, 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
11789230 1
11789230 1			180,000.00		180,000.00		01-Mar-2005		7.250%		GA - 80.00%		360		01-Nov-2004

11798043 1			87,567.00		86,829.07		01-Apr-2005		8.375%		MI - 86.70%		360		01-Dec-2004
11799301 1			156,000.00		154,840.89		01-Dec-2004		9.000%		PA - 80.00%		360		01-Dec-2004
11799468 1			136,269.00		134,884.78		01-Jan-2005		7.000%		MI - 92.70%		360		01-Jan-2005
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		60,373.82		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		114,256.60		01-Mar-2005		8.100%		GA - 90.00%		360		01-Jan-2005
11809371 1			97,750.00		96,992.26		01-Apr-2005		8.375%		MI - 84.71%		360		01-Jan-2005
11812291 1			76,800.00		76,326.38		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
11815486 1			54,000.00		52,334.09		01-Mar-2005		9.800%		MI - 90.00%		180		01-Jan-2005
11816868 1			80,000.00		79,280.45		01-Feb-2005		7.625%		MI - 80.00%		360		01-Jan-2005
11817294 1			72,000.00		71,541.49		01-Mar-2005		8.900%		MI - 62.61%		360		01-Feb-2005
11817322 1			77,679.00		77,023.87		01-Feb-2005		7.500%		MI - 92.48%		360		01-Feb-2005
11820824 1			59,945.60		58,672.48		01-May-2005		7.200%		TN - 80.00%		240		01-Feb-2005
11821082 1			120,000.00		119,146.15		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
11825504 1			174,250.00		174,250.00		01-Apr-2005		6.500%		CO - 85.00%		360		01-Feb-2005
11826915 1			53,950.00		53,569.93		01-Jan-2005		8.400%		MI - 65.00%		360		01-Feb-2005
11827523 1			238,000.00		236,339.98		01-Mar-2005		8.450%		NC - 85.00%		360		01-Feb-2005
11841506 1			81,000.00		80,545.64		01-Jun-2005		8.500%		MO - 90.00%		360		01-Apr-2005


TOTAL			2,781,930.60		2,767,589.80


Page 12 of 27
Saxon Asset Securities Trust 2005-1

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

December 27, 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
11782957 1
11782957 1			92,000.00		90,922.45		01-Jul-2005		8.500%		MI - 89.32%		360		01-Dec-2004

11784029 1			98,600.00		97,919.15		01-Feb-2005		9.000%		IN - 85.00%		360		01-Jan-2005
11788256 1			88,000.00		87,218.36		01-Nov-2005		8.500%		OH - 80.00%		360		01-Nov-2004
11792183 1			50,000.00		49,474.11		01-Jul-2005		7.250%		MI - 66.67%		360		01-Dec-2004
11794167 1			104,000.00		103,367.51		01-Jun-2005		9.125%		FL - 80.00%		360		01-Feb-2005
11795593 1			612,000.00		608,487.23		01-Mar-2005		10.250%		NV - 90.00%		360		01-Dec-2004
11796181 1			68,000.00		67,193.73		01-Apr-2005		6.625%		NY - 85.00%		360		01-Dec-2004
11798010 1			146,200.00		145,273.54		01-Jun-2005		9.775%		WI - 85.00%		360		01-Dec-2004
11801629 1			118,400.00		117,531.58		01-Dec-2004		8.650%		SC - 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
11804042 1			212,000.00		209,513.39		01-Jun-2005		6.750%		NY - 80.00%		360		01-Dec-2004
11804530 1			252,000.00		249,291.87		01-Jun-2005		8.250%		PA - 90.00%		360		01-Sep-2004
11805325 1			337,500.00		333,283.00		01-Mar-2005		7.130%		NJ - 90.00%		360		01-Oct-2004
11805835 1			56,100.00		55,713.98		01-Feb-2005		9.375%		LA - 85.00%		360		01-Dec-2004
11805944 1			73,500.00		72,816.98		01-Apr-2005		8.100%		IN - 75.00%		360		01-Dec-2004
11805986 1			160,210.00		158,893.14		01-Apr-2005		7.625%		NJ - 86.60%		360		01-Feb-2005
11809333 1			279,000.00		277,093.86		01-Jul-2005		9.000%		GA - 90.00%		360		01-Jan-2005
11810337 1			57,000.00		56,314.63		05-Jan-2005		6.125%		WI - 69.51%		360		05-Dec-2004
11811186 1			144,000.00		143,078.19		01-Jul-2005		8.875%		NY - 90.00%		360		01-Feb-2005
11812299 1			248,000.00		245,306.03		01-May-2005		6.650%		FL - 68.89%		360		01-Jan-2005
11812351 1			99,450.00		98,391.25		01-Jul-2005		7.150%		AR - 85.00%		360		01-Jan-2005
11812697 1			66,300.00		65,667.73		01-Mar-2005		8.509%		IN - 85.00%		360		01-Oct-2004
11813381 1			301,750.00		298,941.03		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
11813853 1			63,000.00		62,708.78		01-Jun-2005		10.875%		PA - 70.00%		360		01-Jan-2005
11813982 1			86,375.00		86,368.51		01-Feb-2005		8.750%		IN - 88.14%		360		01-Jan-2005
11814731 1			152,100.00		151,186.05		01-Jul-2005		9.625%		MS - 90.00%		360		01-Jan-2005
11814981 1			264,000.00		264,000.00		01-Mar-2005		7.250%		UT - 80.00%		360		01-Jan-2005
11815240 1			100,800.00		99,613.21		01-Jul-2005		6.375%		FL - 90.00%		360		01-Jan-2005
11816125 1			89,250.00		88,562.20		01-Jul-2005		8.750%		IN - 85.00%		360		01-Jan-2005
11816927 1			212,500.00		210,403.06		01-May-2005		7.150%		CT - 83.33%		360		01-Jan-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		60,106.78		01-May-2005		8.800%		IN - 55.00%		360		01-Feb-2005
11818700 1			272,000.00		272,000.00		01-Jun-2005		6.700%		VA - 80.00%		360		01-Feb-2005
11819564 1			228,000.00		226,099.69		01-Apr-2005		7.050%		VT - 80.00%		360		01-Mar-2005
11819832 1			96,000.00		95,350.39		01-Jun-2005		8.600%		WA - 80.00%		360		01-Feb-2005
11821803 1			116,000.00		115,006.69		01-Jul-2005		7.875%		CO - 80.00%		360		01-Jan-2005
11821814 1			72,000.00		70,714.53		01-Mar-2005		8.650%		SC - 68.57%		240		01-Feb-2005
11821865 1			33,000.00		31,977.99		01-May-2005		8.700%		MS - 60.00%		180		01-Feb-2005
11822191 1			127,000.00		126,021.07		01-Apr-2005		7.950%		CO - 83.55%		360		01-Feb-2005
11823687 1			92,000.00		91,371.16		01-Mar-2005		8.550%		GA - 80.00%		360		01-Feb-2005
11825289 1			105,000.00		104,175.33		01-Jun-2005		7.700%		NC - 51.22%		360		01-Mar-2005
11825322 1			413,955.00		413,954.38		01-Jul-2005		6.875%		CO - 80.00%		360		01-Feb-2005
11825364 1			70,550.00		70,032.64		01-Oct-2005		8.200%		LA - 85.00%		360		01-Feb-2005
11825808 1			85,000.00		84,129.02		01-May-2005		8.490%		PA - 85.00%		360		01-Sep-2004
11826257 1			94,000.00		92,647.98		01-Jun-2005		6.390%		CA - 62.67%		360		01-Oct-2004
11827369 1			240,000.00		237,428.82		01-Apr-2005		6.250%		NY - 71.01%		360		01-Feb-2005
11827435 1			50,575.00		50,142.92		01-Jul-2005		8.750%		AR - 85.00%		360		01-Nov-2004
11828576 1			131,000.00		129,501.29		01-Apr-2005		5.900%		OH - 78.92%		360		01-Feb-2005


Page 13 of 27
Saxon Asset Securities Trust 2005-1

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

December 27, 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
11829189 1
11829189 1			220,000.00		218,252.42		01-Mar-2005		7.800%		NV - 69.40%		360		01-Feb-2005

11829297 1			100,000.00		99,359.42		01-Jun-2005		7.950%		WI - 55.56%		360		01-Apr-2005
11829695 1			98,000.00		97,928.02		01-Jul-2005		6.450%		IN - 79.67%		360		01-Feb-2005
11830279 1			610,000.00		610,000.00		01-May-2005		8.150%		MN - 74.39%		360		01-Mar-2005
11833741 1			175,000.00		175,000.00		01-Jun-2005		7.550%		PA - 75.27%		360		01-Mar-2005
11839224 1			490,500.00		490,500.00		01-Jul-2005		6.900%		CA - 90.00%		360		01-Apr-2005
11843385 1			180,000.00		178,692.56		01-May-2005		7.200%		OH - 80.00%		360		01-Apr-2005
11846021 1			318,750.00		318,750.00		01-Jul-2005		7.150%		IL - 85.00%		360		01-Apr-2005
11846407 1			92,000.00		91,204.36		01-Nov-2005		6.375%		AZ - 76.67%		360		01-Apr-2005
11846919 1			25,000.00		24,844.61		01-Nov-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


TOTAL			10,445,365.00		10,386,953.61


Page 14 of 27
Saxon Asset Securities Trust 2005-1

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

December 27, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS
VOLUNTARY PREPAYMENTS

															Total




Current


Number of Paid in Full Loans														160
Number of Repurchased Loans														0
Total Number of Loans Prepaid in Full														160
Curtailments Amount														34,716.30
Paid in Full Balance														32,099,781.80
Repurchased Loans Balance														0.00
Total Prepayment Amount														32,134,498.10

Cumulative


Number of Paid in Full Loans														1,279
Number of Repurchased Loans														8
Total Number of Loans Prepaid in Full														1,287
Paid in Full Balance														265,676,177.09
Repurchased Loans Balance														968,670.38
Curtailments Amount														671,093.80
Total Prepayment Amount														267,315,941.27










Page 15 of 27
Saxon Asset Securities Trust 2005-1

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

December 27, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES
VOLUNTARY PREPAYMENTS RATES

															Total



SMM														4.23%
3 Months Avg SMM														4.03%
12 Months Avg SMM														2.86%
Avg SMM Since Cut-off														2.86%


CPR														40.50%
3 Months Avg CPR														38.93%
12 Months Avg CPR														29.36%
Avg CPR Since Cut-off														29.36%


PSA														1,744.84%
3 Months Avg PSA Approximation														1,833.02%
12 Months Avg PSA Approximation														2,189.70%
Avg PSA Since Cut-off Approximation														2,189.70%










Page 16 of 27
Saxon Asset Securities Trust 2005-1

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

December 27, 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

December 27, 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

11786246 1			119,000.00		117,890.69			21-Nov-2005		8.375%		NJ - 79.87%		Paid Off - 360		01-Nov-2004
11786246 1			119,000.00		117,890.69			21-Nov-2005		8.375%		NJ - 79.87%		Paid Off - 360		01-Nov-2004
11788488 1			216,900.00		214,749.18			29-Nov-2005		7.125%		FL - 90.00%		Paid Off - 360		01-Dec-2004
11790904 1			123,200.00		121,823.32			12-Dec-2005		5.500%		OR - 80.00%		Paid Off - 360		01-Feb-2005
11792046 1			371,016.00		370,854.87			06-Dec-2005		6.750%		CA - 90.00%		Paid Off - 360		01-Feb-2005
11792478 1			52,500.00		51,232.31			29-Nov-2005		8.250%		WI - 70.95%		Paid Off - 240		01-Oct-2004
11793963 1			340,000.00		335,272.10			01-Dec-2005		5.775%		NY - 80.00%		Paid Off - 360		01-Nov-2004
11794137 1			303,450.00		299,977.08			22-Nov-2005		6.375%		IL - 85.00%		Paid Off - 360		01-Dec-2004
11794874 1			93,500.00		93,500.00			06-Dec-2005		7.875%		GA - 85.00%		Paid Off - 360		01-Dec-2004
11795937 1			#######		190,978.84			14-Dec-2005		7.375%		MD - 75.02%		Paid Off - 360		01-Dec-2004
11797965 1			432,000.00		432,000.00			09-Dec-2005		7.375%		NY - 90.00%		Paid Off - 360		01-Dec-2004
11798315 1			120,400.00		119,609.59			30-Nov-2005		8.750%		TX - 80.00%		Paid Off - 360		01-Jan-2005
11799038 1			308,000.00		305,707.10			29-Nov-2005		8.990%		MA - 78.97%		Paid Off - 360		01-Nov-2004
11799519 1			64,000.00		61,796.97			21-Nov-2005		7.450%		LA - 35.96%		Paid Off - 180		01-Jan-2005
11800002 1			63,000.00		62,107.20			01-Dec-2005		6.125%		AZ - 56.76%		Paid Off - 360		01-Dec-2004
11800096 1			277,000.00		277,000.00			21-Nov-2005		7.500%		MD - 69.25%		Paid Off - 360		01-Jan-2005
11800808 1			214,000.00		214,000.00			06-Dec-2005		5.875%		CA - 80.00%		Paid Off - 360		01-Dec-2004
11801440 1			76,000.00		75,150.54			07-Dec-2005		6.500%		PA - 79.58%		Paid Off - 360		01-Dec-2004
11801478 1			227,200.00		226,998.74			18-Nov-2005		7.000%		VA - 80.00%		Paid Off - 360		01-Dec-2004
11802892 1			95,000.00		94,050.65			12-Dec-2005		6.100%		GA - 79.17%		Paid Off - 360		01-Feb-2005
11803029 1			148,000.00		146,182.60			02-Dec-2005		6.000%		NY - 80.00%		Paid Off - 360		01-Dec-2004
11803405 1			190,400.00		188,075.20			23-Nov-2005		7.250%		VA - 80.00%		Paid Off - 360		01-Sep-2004
11804098 1			162,028.00		162,028.00			01-Dec-2005		6.375%		OR - 80.00%		Paid Off - 360		01-Dec-2004
11804613 1			90,000.00		89,094.88			29-Nov-2005		7.042%		FL - 84.11%		Paid Off - 360		01-Jan-2005
11804780 1			221,000.00		218,861.02			05-Dec-2005		7.250%		AZ - 85.00%		Paid Off - 360		01-Dec-2004
11805106 1			577,500.00		572,390.78			29-Nov-2005		7.250%		CA - 75.00%		Paid Off - 360		01-Jan-2005
11805458 1			163,200.00		163,200.00			13-Dec-2005		6.925%		MD - 85.00%		Paid Off - 360		01-Jan-2005
11805586 1			104,370.00		103,181.00			12-Dec-2005		7.000%		FL - 69.58%		Paid Off - 360		01-Feb-2005
11805643 1			241,600.00		241,597.57			21-Nov-2005		6.125%		CA - 80.00%		Paid Off - 360		01-Jan-2005
11805715 1			73,800.00		73,337.02			09-Dec-2005		9.417%		CT - 90.00%		Paid Off - 360		01-Dec-2004
11805787 1			229,600.00		226,700.19			15-Dec-2005		5.850%		CA - 80.00%		Paid Off - 360		01-Dec-2004
11806054 1			213,750.00		211,212.50			28-Nov-2005		6.400%		VA - 95.00%		Paid Off - 360		01-Dec-2004
11806068 1			51,200.00		50,947.48			23-Nov-2005		10.135%		TX - 80.00%		Paid Off - 360		01-Jan-2005
11806381 1			201,200.00		198,095.19			22-Nov-2005		5.625%		CA - 80.00%		Paid Off - 360		01-Oct-2004
11806577 1			52,500.00		51,220.12			29-Nov-2005		6.790%		FL - 70.00%		Paid Off - 240		01-Dec-2004
11806681 1			112,280.00		111,095.84			09-Dec-2005		6.980%		FL - 85.00%		Paid Off - 360		01-Dec-2004
11806755 1			175,000.00		173,305.71			30-Nov-2005		7.250%		FL - 74.47%		Paid Off - 360		01-Dec-2004
11807360 1			311,200.00		311,200.00			07-Dec-2005		6.500%		GA - 80.00%		Paid Off - 360		01-Dec-2004
11807432 1			240,000.00		237,649.82			23-Nov-2005		7.208%		NY - 80.00%		Paid Off - 360		01-Dec-2004
11807887 1			80,750.00		80,254.63			22-Nov-2005		9.525%		MO - 85.00%		Paid Off - 360		01-Dec-2004
11807907 1			433,600.00		432,378.67			14-Dec-2005		5.375%		CA - 80.00%		Paid Off - 360		01-Dec-2004
11808057 1			120,600.00		119,460.87			16-Dec-2005		7.375%		FL - 90.00%		Paid Off - 360		01-Dec-2004


Page 18 of 27
Saxon Asset Securities Trust 2005-1

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

December 27, 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

11808248 1			94,500.00		92,761.16			23-Nov-2005		8.400%		AZ - 90.00%		Paid Off - 240		01-Jan-2005
11808248 1			94,500.00		92,761.16			23-Nov-2005		8.400%		AZ - 90.00%		Paid Off - 240		01-Jan-2005
11808288 1			134,500.00		133,319.56			06-Dec-2005		7.750%		VA - 89.67%		Paid Off - 360		01-Dec-2004
11808351 1			87,500.00		87,499.08			28-Nov-2005		6.750%		NV - 70.00%		Paid Off - 360		01-Dec-2004
11808618 1			50,001.00		49,478.41			30-Nov-2005		6.550%		PA - 40.00%		Paid Off - 360		01-Jan-2005
11809068 1			160,000.00		159,933.86			15-Dec-2005		6.875%		MI - 80.00%		Paid Off - 360		01-Dec-2004
11809218 1			100,000.00		99,348.89			06-Dec-2005		9.500%		NJ - 33.90%		Paid Off - 360		01-Jan-2005
11809275 1			232,000.00		230,225.37			06-Dec-2005		8.250%		NJ - 80.00%		Paid Off - 360		01-Jan-2005
11809485 1			255,000.00		252,331.87			29-Nov-2005		6.375%		CA - 72.24%		Paid Off - 360		01-Jan-2005
11809904 1			75,001.00		73,561.48			30-Nov-2005		7.110%		TX - 72.82%		Paid Off - 360		01-Feb-2005
11810076 1			196,200.00		194,947.76			29-Nov-2005		8.400%		CA - 90.00%		Paid Off - 360		01-Feb-2005
11810226 1			464,000.00		463,862.25			09-Dec-2005		7.125%		MD - 88.38%		Paid Off - 360		01-Jan-2005
11810507 1			72,000.00		71,558.63			29-Nov-2005		8.600%		FL - 70.59%		Paid Off - 360		01-Feb-2005
11811350 1			136,800.00		136,580.90			09-Dec-2005		6.125%		VA - 80.00%		Paid Off - 360		01-Dec-2004
11811362 1			480,000.00		480,000.00			13-Dec-2005		5.875%		CA - 80.00%		Paid Off - 360		01-Jan-2005
11811985 1			447,950.00		447,950.00			02-Dec-2005		5.625%		CA - 85.00%		Paid Off - 360		01-Dec-2004
11812111 1			48,000.00		47,595.77			01-Dec-2005		7.510%		TX - 80.00%		Paid Off - 360		01-Jan-2005
11812335 1			337,500.00		337,500.00			09-Dec-2005		5.800%		MD - 74.18%		Paid Off - 360		01-Jan-2005
11812889 1			122,400.00		121,138.44			15-Dec-2005		7.750%		MD - 80.00%		Paid Off - 360		01-Oct-2004
11812954 1			276,000.00		273,311.30			15-Dec-2005		6.750%		NY - 80.00%		Paid Off - 360		01-Jan-2005
11813300 1			141,300.00		141,288.44			22-Nov-2005		7.990%		DE - 90.00%		Paid Off - 360		01-Jan-2005
11814031 1			407,500.00		403,225.75			12-Dec-2005		6.625%		MD - 89.96%		Paid Off - 360		01-Jan-2005
11814313 1			148,800.00		147,008.53			28-Nov-2005		5.625%		OR - 80.00%		Paid Off - 360		01-Jan-2005
11814622 1			182,000.00		180,624.07			01-Dec-2005		8.500%		NJ - 70.00%		Paid Off - 360		01-Dec-2004
11814887 1			137,000.00		135,980.16			09-Dec-2005		8.125%		CA - 44.92%		Paid Off - 360		01-Jan-2005
11814960 1			218,000.00		218,000.00			30-Nov-2005		6.000%		MD - 77.86%		Paid Off - 360		01-Jan-2005
11815092 1			184,000.00		182,083.89			28-Nov-2005		6.400%		VA - 80.00%		Paid Off - 360		01-Jan-2005
11815244 1			140,000.00		140,000.00			01-Dec-2005		5.850%		VA - 78.21%		Paid Off - 360		01-Jan-2005
11815336 1			176,000.00		175,812.64			12-Dec-2005		7.100%		CA - 80.00%		Paid Off - 360		01-Jan-2005
11815339 1			132,000.00		131,060.23			22-Nov-2005		8.375%		VA - 71.35%		Paid Off - 360		01-Jan-2005
11815756 1			230,350.00		228,168.79			09-Dec-2005		6.400%		MD - 85.00%		Paid Off - 360		01-Feb-2005
11815833 1			101,250.00		100,121.75			06-Dec-2005		8.300%		OR - 90.00%		Paid Off - 360		01-Mar-2005
11816201 1			352,000.00		347,352.37			12-Dec-2005		5.125%		CA - 80.00%		Paid Off - 360		01-Jan-2005
11816810 1			118,500.00		117,212.45			16-Dec-2005		6.175%		FL - 75.00%		Paid Off - 360		01-Jan-2005
11817671 1			184,000.00		181,835.51			09-Dec-2005		5.750%		UT - 76.67%		Paid Off - 360		01-Jan-2005
11817908 1			132,840.00		132,840.00			30-Nov-2005		8.500%		WA - 90.00%		Paid Off - 360		01-Jan-2005
11818409 1			195,000.00		194,975.29			21-Nov-2005		7.050%		AZ - 87.44%		Paid Off - 360		01-Jan-2005
11818494 1			255,200.00		255,194.80			06-Dec-2005		6.000%		FL - 80.00%		Paid Off - 360		01-Feb-2005
11818651 1			81,270.00		81,153.25			06-Dec-2005		6.550%		FL - 90.00%		Paid Off - 360		01-Jan-2005
11818901 1			450,000.00		450,000.00			14-Dec-2005		6.300%		CA - 79.65%		Paid Off - 360		01-Jan-2005
11819066 1			360,000.00		360,000.00			06-Dec-2005		7.200%		VA - 90.00%		Paid Off - 360		01-Feb-2005
11819293 1			272,000.00		269,113.32			23-Nov-2005		6.300%		NY - 80.00%		Paid Off - 360		01-Jan-2005
11819546 1			73,200.00		71,088.53			30-Nov-2005		9.525%		FL - 80.00%		Paid Off - 180		01-Jan-2005
11819763 1			500,000.00		497,909.22			28-Nov-2005		6.300%		CA - 53.19%		Paid Off - 360		01-Jan-2005


Page 19 of 27
Saxon Asset Securities Trust 2005-1

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

December 27, 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

11820727 1			250,200.00		247,176.42			09-Dec-2005		6.300%		CA - 90.00%		Paid Off - 360		01-Jan-2005
11820727 1			250,200.00		247,176.42			09-Dec-2005		6.300%		CA - 90.00%		Paid Off - 360		01-Jan-2005
11820780 1			160,000.00		158,813.10			16-Dec-2005		8.050%		CA - 80.00%		Paid Off - 360		01-Feb-2005
11820963 1			180,000.00		176,789.94			28-Nov-2005		5.000%		MD - 32.73%		Paid Off - 360		01-Feb-2005
11821725 1			358,000.00		358,000.00			06-Dec-2005		6.450%		CA - 89.50%		Paid Off - 360		01-Nov-2004
11821726 1			203,000.00		203,000.00			30-Nov-2005		7.100%		CA - 82.86%		Paid Off - 360		01-Nov-2004
11821983 1			323,000.00		320,526.43			28-Nov-2005		8.050%		WA - 85.00%		Paid Off - 360		01-Jan-2005
11822135 1			304,000.00		302,263.25			23-Nov-2005		6.450%		AZ - 80.00%		Paid Off - 360		01-Dec-2004
11822174 1			240,000.00		238,012.55			07-Dec-2005		7.690%		FL - 80.00%		Paid Off - 360		01-Jan-2005
11822343 1			164,470.00		162,779.88			30-Nov-2005		7.090%		FL - 80.00%		Paid Off - 360		01-Dec-2004
11822618 1			132,300.00		132,277.23			13-Dec-2005		7.600%		NC - 90.00%		Paid Off - 360		01-Jan-2005
11822720 1			153,000.00		153,000.00			02-Dec-2005		5.950%		DE - 87.93%		Paid Off - 360		01-Feb-2005
11823080 1			106,500.00		105,494.51			15-Dec-2005		6.400%		ME - 70.53%		Paid Off - 360		01-Feb-2005
11823156 1			108,000.00		106,858.49			02-Dec-2005		5.800%		NY - 80.00%		Paid Off - 360		01-Feb-2005
11823248 1			105,600.00		104,944.02			30-Nov-2005		8.600%		GA - 80.00%		Paid Off - 360		01-Feb-2005
11823409 1			158,320.00		158,320.00			02-Dec-2005		6.375%		VA - 80.00%		Paid Off - 360		01-Feb-2005
11823469 1			324,000.00		323,941.50			16-Dec-2005		6.450%		CA - 80.00%		Paid Off - 360		01-Feb-2005
11824383 1			219,200.00		217,090.76			29-Nov-2005		6.300%		NV - 80.00%		Paid Off - 360		01-Feb-2005
11824525 1			113,600.00		112,806.65			23-Nov-2005		7.950%		AZ - 80.00%		Paid Off - 360		01-Feb-2005
11824661 1			84,720.00		84,692.64			02-Dec-2005		7.750%		IL - 80.00%		Paid Off - 360		01-Feb-2005
11824751 1			199,000.00		199,000.00			14-Dec-2005		7.500%		CT - 88.44%		Paid Off - 360		01-Feb-2005
11824873 1			144,000.00		144,000.00			16-Dec-2005		5.975%		CA - 80.00%		Paid Off - 360		01-Feb-2005
11824951 1			166,500.00		166,455.60			22-Nov-2005		6.400%		FL - 90.00%		Paid Off - 360		01-Feb-2005
11825064 1			324,000.00		324,000.00			02-Dec-2005		6.000%		MD - 80.00%		Paid Off - 360		01-Feb-2005
11825083 1			107,900.00		107,083.03			29-Nov-2005		7.800%		CT - 77.07%		Paid Off - 360		01-Feb-2005
11825138 1			113,600.00		112,689.47			30-Nov-2005		8.625%		SC - 80.00%		Paid Off - 360		01-Nov-2004
11825797 1			204,000.00		201,845.43			07-Dec-2005		6.990%		MD - 80.00%		Paid Off - 360		01-Dec-2004
11826018 1			235,000.00		234,956.37			16-Dec-2005		6.950%		CA - 78.33%		Paid Off - 360		01-Feb-2005
11826061 1			114,147.00		113,089.56			09-Dec-2005		6.500%		AZ - 91.32%		Paid Off - 360		01-Feb-2005
11826451 1			113,200.00		113,096.82			01-Dec-2005		6.125%		WI - 80.00%		Paid Off - 360		01-Feb-2005
11826540 1			100,000.00		99,301.62			07-Dec-2005		7.950%		VA - 36.36%		Paid Off - 360		01-Feb-2005
11826611 1			61,500.00		61,114.76			22-Nov-2005		7.950%		FL - 75.00%		Paid Off - 360		01-Mar-2005
11826684 1			489,600.00		489,600.00			22-Nov-2005		5.250%		CA - 90.00%		Paid Off - 360		01-Feb-2005
11827091 1			109,050.00		107,965.30			09-Dec-2005		6.300%		FL - 75.00%		Paid Off - 360		01-Feb-2005
11827519 1			242,250.00		242,150.00			16-Dec-2005		6.900%		CA - 95.00%		Paid Off - 360		01-Feb-2005
11827529 1			131,250.00		130,508.39			29-Nov-2005		9.000%		MD - 75.00%		Paid Off - 360		01-Feb-2005
11827738 1			334,400.00		334,400.00			29-Nov-2005		6.100%		CA - 80.00%		Paid Off - 360		01-Mar-2005
11827787 1			113,600.00		112,837.63			18-Nov-2005		8.150%		SC - 80.00%		Paid Off - 360		01-Feb-2005
11827823 1			180,000.00		180,000.00			05-Dec-2005		6.500%		VA - 80.00%		Paid Off - 360		01-Feb-2005
11828079 1			152,000.00		150,990.10			21-Nov-2005		8.200%		MD - 80.00%		Paid Off - 360		01-Feb-2005
11828125 1			178,500.00		178,500.00			09-Dec-2005		6.300%		MD - 71.40%		Paid Off - 360		01-Feb-2005
11828655 1			240,000.00		237,228.66			05-Dec-2005		5.850%		CA - 80.00%		Paid Off - 360		01-Jan-2005
11828663 1			195,500.00		193,649.10			02-Dec-2005		6.500%		CA - 71.09%		Paid Off - 360		01-Feb-2005
11829209 1			242,155.00		242,155.00			18-Nov-2005		7.750%		GA - 95.00%		Paid Off - 360		01-Feb-2005


Page 20 of 27
Saxon Asset Securities Trust 2005-1

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

December 27, 2005 Distribution

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

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

11829708 1			442,000.00		441,875.14			12-Dec-2005		5.650%		CA - 85.00%		Paid Off - 360		01-Feb-2005
11829708 1			442,000.00		441,875.14			12-Dec-2005		5.650%		CA - 85.00%		Paid Off - 360		01-Feb-2005
11830370 1			279,000.00		279,000.00			15-Dec-2005		5.450%		CA - 90.00%		Paid Off - 360		01-Feb-2005
11830971 1			128,925.00		128,880.42			09-Dec-2005		8.300%		GA - 75.00%		Paid Off - 360		01-Feb-2005
11831268 1			292,000.00		289,054.59			15-Dec-2005		6.050%		MD - 68.71%		Paid Off - 360		01-Feb-2005
11831317 1			128,100.00		126,913.32			30-Nov-2005		6.500%		NE - 83.73%		Paid Off - 360		01-Feb-2005
11831470 1			225,000.00		222,554.60			23-Nov-2005		5.650%		NV - 69.77%		Paid Off - 360		01-Feb-2005
11831790 1			132,000.00		132,000.00			29-Nov-2005		6.850%		MS - 89.54%		Paid Off - 360		01-Mar-2005
11832103 1			200,320.00		200,320.00			15-Dec-2005		6.550%		CA - 80.00%		Paid Off - 360		01-Mar-2005
11832496 1			236,000.00		234,491.83			18-Nov-2005		7.850%		CA - 80.00%		Paid Off - 360		01-Mar-2005
11832748 1			360,000.00		360,000.00			14-Dec-2005		5.900%		CA - 80.00%		Paid Off - 360		01-Mar-2005
11832756 1			334,900.00		332,194.25			07-Dec-2005		6.650%		NY - 84.57%		Paid Off - 360		01-Mar-2005
11832832 1			288,000.00		288,000.00			30-Nov-2005		5.350%		CA - 75.00%		Paid Off - 360		01-Feb-2005
11833626 1			252,000.00		249,884.64			30-Nov-2005		6.450%		CA - 84.00%		Paid Off - 360		01-Mar-2005
11834477 1			242,250.00		242,250.00			22-Nov-2005		6.900%		MO - 95.00%		Paid Off - 360		01-Mar-2005
11834855 1			311,950.00		311,939.43			18-Nov-2005		6.950%		VA - 85.00%		Paid Off - 360		01-Mar-2005
11836128 1			343,000.00		343,000.00			14-Dec-2005		6.750%		CA - 70.00%		Paid Off - 360		01-Mar-2005
11836277 1			129,200.00		127,476.84			05-Dec-2005		6.000%		NV - 56.17%		Paid Off - 360		01-Nov-2004
11836335 1			130,500.00		126,834.43			23-Nov-2005		7.850%		FL - 90.00%		Paid Off - 180		01-Mar-2005
11836673 1			101,000.00		100,110.97			12-Dec-2005		6.200%		CA - 45.05%		Paid Off - 360		01-Mar-2005
11839130 1			77,000.00		76,325.40			14-Dec-2005		6.225%		MD - 59.23%		Paid Off - 360		01-Mar-2005
11839587 1			315,000.00		315,000.00			29-Nov-2005		6.316%		FL - 90.00%		Paid Off - 360		01-Mar-2005
11839826 1			55,000.00		54,622.78			15-Dec-2005		7.200%		MA - 24.89%		Paid Off - 360		01-Apr-2005
11839912 1			112,500.00		112,500.00			14-Dec-2005		7.300%		MD - 65.22%		Paid Off - 360		01-Apr-2005
11842213 1		FCL	348,500.00		346,107.93			28-Nov-2005		6.870%		CA - 82.98%		Paid Off - 360		01-Apr-2005
11842406 1			188,000.00		188,000.00			07-Dec-2005		7.250%		MN - 80.00%		Paid Off - 360		01-Apr-2005
11842779 1			433,500.00		433,500.00			30-Nov-2005		5.990%		CA - 85.00%		Paid Off - 360		01-Apr-2005
11843588 1			68,000.00		67,576.73			30-Nov-2005		7.450%		IA - 82.93%		Paid Off - 360		01-Apr-2005
11843740 1			275,500.00		275,500.00			29-Nov-2005		6.650%		CA - 95.00%		Paid Off - 360		01-Apr-2005
11845022 1			152,000.00		150,813.76			29-Nov-2005		6.200%		CA - 80.00%		Paid Off - 360		01-Apr-2005
11846492 1			260,000.00		260,000.00			07-Dec-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Apr-2005
11848345 1			255,000.00		252,776.47			09-Dec-2005		6.250%		CA - 75.67%		Paid Off - 360		01-Mar-2005
11849383 1			49,600.00		48,939.20			29-Nov-2005		8.350%		VA - 80.00%		Paid Off - 240		01-Apr-2005
11850440 1			117,600.00		116,812.87			06-Dec-2005		7.000%		PA - 65.33%		Paid Off - 360		01-Apr-2005


TOTAL			32,266,513.00		32,099,781.80
TOTAL


Page 21 of 27
Saxon Asset Securities Trust 2005-1

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

December 27, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



															Total


Current
Current



Number of Loans Liquidated														0
Collateral Principal Realized Loss/(Gain) Amount														362.00
Collateral Interest Realized Loss/(Gain) Amount														0.00
Net Liquidation Proceeds														(362.00)

Cumulative
Cumulative



Number of Loans Liquidated														5
Collateral Realized Loss/(Gain) Amount														92,971.19
Net Liquidation Proceeds														966,411.63










Page 22 of 27
Saxon Asset Securities Trust 2005-1

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

December 27, 2005 Distribution


DEFAULT SPEEDS



															Total



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


CDR														0.00%
3 Months Avg CDR														0.53%
12 Months Avg CDR														0.14%
Avg CDR Since Cut-off														0.14%


SDA														0.00%
3 Months Avg SDA Approximation														2.48%
12 Months Avg SDA Approximation														1.07%
Avg SDA Since Cut-off Approximation														1.07%


Loss Severity Approximation for Current Period														0.00%
3 Months Avg Loss Severity Approximation														5.91%
12 Months Avg Loss Severity Approximation														1.61%
Avg Loss Severity Approximation Since Cut-off														1.61%












Page 23 of 27
Saxon Asset Securities Trust 2005-1

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

December 27, 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

December 27, 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					CO - 72.22%		360				Revision		145.00

11812676 1					GA - 80.00%		360				Revision		217.00


TOTAL												362.00



Page 25 of 27
Saxon Asset Securities Trust 2005-1

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

December 27, 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								25,642,543.91
						Ending Collateral Balance								726,661,016.15
						Delinquency Percentage								3.5300%

						Senior Enhancement Percentage								30.344223%

						Cumulative Loss Percentage								0.0100%


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

December 27, 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		#######






Page 27 of 27

Saxon Asset Securities Trust 2005-1 8-K