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~~December 2527, 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~~December 2527, 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~~Dec 2829, 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~~December 2527, 2005.

Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
October 25, 2005 Distribution
December 27, 2005 Distribution
				External Parties						Table of Contents
													Page
				Seller
										1. Certificate Payment Report					2
				Saxon
										2. Collection Account Report					4
										3. Credit Enhancement Report					6
										4. Collateral Report					7
				Certificate Insurer(s)						5. Delinquency Report					11
										6. REO Report					12
										7. Foreclosure Report					13
										8. Prepayment Report					15
										9. Prepayment Detail Report					18
										10. Realized Loss Report					22
										11. Realized Loss Detail Report					25
				Servicer(s)
										12. Triggers and Adj. Cert. Report					26
				Saxon
										13. Additional Certificate Report					27
				Underwriter(s)
				Merrill Lynch
										Total Number of Pages					27
				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
										Address:
										1761 E. St. Andrew Place, Santa Ana, CA 92705
				Distribution Date:			~~October~~December 2527, 2005
										Factor Information:			(800) 735-7777
				Record Date:			~~September~~November 30, 2005
										Main Phone Number:			(714) 247-6000
							October 24, 2005
							December 23, 2005
										https://www.tss.db.com/invr
Page 1 of 27
Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
October 25, 2005 Distribution
December 27, 2005 Distribution
Certificate Payment Report
Current Period Distribution -
					Prior												Current
	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~~269,~~470~~353,~~003~~911.9404		~~989~~1,~~244~~059,159.9543		16,~~265~~273,~~119~~402.8497		17,~~254~~332,~~364~~562.7940		0.00		0.00		~~286~~253,~~204~~080,~~884~~508.1007
A-2A	SR	$	203,393,000.00		~~106~~73,~~613~~496,~~003~~911.9405		~~338~~281,~~377~~166.8352		16,~~265~~273,~~119~~402.8397		16,~~603~~554,~~497~~569.6649		0.00		0.00		9057,~~347~~223,~~884~~508.1108
A-2B	SR	$	179,656,000.00		179,656,000.00		~~586~~704,~~127~~850.7037		0.00		~~586~~704,~~127~~850.7037		0.00		0.00		179,656,000.00
A-2C	SR	$	16,201,000.00		16,201,000.00		5465,~~421~~290.8603		0.00		5465,~~421~~290.8603		0.00		0.00		16,201,000.00
M-1	MEZ	$	50,500,000.00		50,500,000.00		~~174~~208,~~519~~901.5867		0.00		~~174~~208,~~519~~901.5867		0.00		0.00		50,500,000.00
M-2	MEZ	$	42,000,000.00		42,000,000.00		~~145~~174,~~821~~486.67		0.00		~~145~~174,~~821~~486.67		0.00		0.00		42,000,000.00
M-3	MEZ	$	15,500,000.00		15,500,000.00		5464,~~314~~945.5800		0.00		5464,~~314~~945.5800		0.00		0.00		15,500,000.00
M-4	MEZ	$	23,500,000.00		23,500,000.00		86103,~~701~~269.9444		0.00		86103,~~701~~269.9444		0.00		0.00		23,500,000.00
M-5	MEZ	$	18,500,000.00		18,500,000.00		6881,~~701~~790.8156		0.00		6881,~~701~~790.8156		0.00		0.00		18,500,000.00
M-6	MEZ	$	14,500,000.00		14,500,000.00		5464,~~314~~621.5867		0.00		5464,~~314~~621.5867		0.00		0.00		14,500,000.00
B-1	SUB	$	15,000,000.00		15,000,000.00		6273,~~350~~650.00		0.00		6273,~~350~~650.00		0.00		0.00		15,000,000.00
B-2	SUB	$	11,500,000.00		11,500,000.00		4857,~~913~~691.3367		0.00		4857,~~913~~691.3367		0.00		0.00		11,500,000.00
B-3	SUB	$	10,500,000.00		10,500,000.00		5261,~~272~~075.5000		0.00		5261,~~272~~075.5000		0.00		0.00		10,500,000.00
TRUST	NOF/SUB	$	0.00		0.00		~~166~~1,~~475~~562,793.0724		0.00		~~166~~1,~~475~~562,793.0724		0.00		0.00		0.00
Total			1,000,000,000.00		~~806~~740,~~440~~207,~~007~~822.8809		24,~~882~~563,~~557~~691.4027		32,~~530~~546,~~239~~805.6794		3537,~~412~~110,~~797~~497.0721		0.00		0.00		~~773~~707,~~909~~661,~~768~~016.2115
Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face-
									Orig. Principal		Prior							Current
	Period		Period						(with Notional)		Principal						Total	Principal
Class	Starting		Ending		Method		Cusip		Balance		Balance		Interest		Principal		Distribution	Balance
									(1)		(1)		(2)		(3)		(4)=(2)+(3)	(5)
A-1	0911/2625/05		1012/2426/05		A-Act/360		805564RH6		399,250,000.00		~~757~~674.~~595501~~649746		2.~~477758~~652873		40.~~739186~~759932		43.~~216944~~412805	~~716~~633.~~856316~~889814
A-2A	0911/2625/05		1012/2426/05		A-Act/360		805564RJ2		203,393,000.00		~~524~~361.~~172434~~354182		1.~~663665~~382381		7980.~~968926~~009651		81.~~632591~~392032	~~444~~281.~~203508~~344530
A-2B	0911/2625/05		1012/2426/05		A-Act/360		805564RK9		179,656,000.00		1,000.000000		3.~~262500~~923333		0.000000		3.~~262500~~923333	1,000.000000
A-2C	0911/2625/05		1012/2426/05		A-Act/360		805564RL7		16,201,000.00		1,000.000000		34.~~359167~~030000		0.000000		34.~~359167~~030000	1,000.000000
M-1	0911/2625/05		1012/2426/05		A-Act/360		805564RM5		50,500,000.00		1,000.000000		34.~~455833~~136667		0.000000		34.~~455833~~136667	1,000.000000
M-2	0911/2625/05		1012/2426/05		A-Act/360		805564RN3		42,000,000.00		1,000.000000		34.~~471945~~154445		0.000000		34.~~471945~~154445	1,000.000000
M-3	0911/2625/05		1012/2426/05		A-Act/360		805564RP8		15,500,000.00		1,000.000000		34.~~504166~~190000		0.000000		34.~~504166~~190000	1,000.000000
M-4	0911/2625/05		1012/2426/05		A-Act/360		805564RQ6		23,500,000.00		1,000.000000		34.~~689444~~394444		0.000000		34.~~689444~~394444	1,000.000000
M-5	0911/2625/05		1012/2426/05		A-Act/360		805564RR4		18,500,000.00		1,000.000000		34.~~713611~~421111		0.000000		34.~~713611~~421111	1,000.000000
M-6	0911/2625/05		1012/2426/05		A-Act/360		805564RS2		14,500,000.00		1,000.000000		34.~~745833~~456667		0.000000		34.~~745833~~456667	1,000.000000
B-1	0911/2625/05		1012/2426/05		A-Act/360		805564RT0		15,000,000.00		1,000.000000		4.~~156667~~910000		0.000000		4.~~156667~~910000	1,000.000000
B-2	0911/2625/05		1012/2426/05		A-Act/360		805564RU7		11,500,000.00		1,000.000000		45.~~253333~~016667		0.000000		45.~~253333~~016667	1,000.000000
B-3	0911/2625/05		1012/2426/05		A-Act/360		805564RV5		10,500,000.00		1,000.000000		45.~~978333~~816667		0.000000		45.~~978333~~816667	1,000.000000
TRUST	0911/25/05		1012/24/05		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
2005-1
October 25, 2005 Distribution
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		911,~~184~~295,~~777~~680.7651		~~110~~143,~~995~~701,~~991~~848.1740		2,~~049~~467,~~124~~643.7353		~~113~~146,~~045~~169,~~115~~491.9093		~~122~~157,~~229~~465,~~893~~172.6644		0.00		0.00		~~286~~253,~~204~~080,~~884~~508.1007
A-2A	203,393,000.00		4,~~006~~610,~~907~~748.8204		~~110~~143,~~995~~701,~~991~~848.1639		2,~~049~~467,~~124~~643.7353		~~113~~146,~~045~~169,~~115~~491.8992		~~117~~150,~~052~~780,~~023~~239.7196		0.00		0.00		9057,~~347~~223,~~884~~508.1108
A-2B	179,656,000.00		45,~~597~~961,~~510~~011.0474		0.00		0.00		0.00		45,~~597~~961,~~510~~011.0474		0.00		0.00		179,656,000.00
A-2C	16,201,000.00		~~429~~555,~~336~~696.6961		0.00		0.00		0.00		~~429~~555,~~336~~696.6961		0.00		0.00		16,201,000.00
M-1	50,500,000.00		1,~~384~~788,~~236~~717.7722		0.00		0.00		0.00		1,~~384~~788,~~236~~717.7722		0.00		0.00		50,500,000.00
M-2	42,000,000.00		1,~~157~~495,~~616~~486.4302		0.00		0.00		0.00		1,~~157~~495,~~616~~486.4302		0.00		0.00		42,000,000.00
M-3	15,500,000.00		~~431~~557,~~917~~692.2421		0.00		0.00		0.00		~~431~~557,~~917~~692.2421		0.00		0.00		15,500,000.00
M-4	23,500,000.00		~~695~~895,~~830~~980.1800		0.00		0.00		0.00		~~695~~895,~~830~~980.1800		0.00		0.00		23,500,000.00
M-5	18,500,000.00		~~551~~710,~~989~~525.9899		0.00		0.00		0.00		~~551~~710,~~989~~525.9899		0.00		0.00		18,500,000.00
M-6	14,500,000.00		~~437~~562,~~039~~312.1308		0.00		0.00		0.00		~~437~~562,~~039~~312.1308		0.00		0.00		14,500,000.00
B-1	15,000,000.00		~~510~~653,~~121~~102.9213		0.00		0.00		0.00		~~510~~653,~~121~~102.9213		0.00		0.00		15,000,000.00
B-2	11,500,000.00		~~401~~513,~~558~~591.4864		0.00		0.00		0.00		~~401~~513,~~558~~591.4864		0.00		0.00		11,500,000.00
B-3	10,500,000.00		~~438~~557,~~302~~131.8448		0.00		0.00		0.00		~~438~~557,~~302~~131.8448		0.00		0.00		10,500,000.00
TRUST	0.00		26,~~909~~067,~~530~~350.1093		0.00		0.00		0.00		26,~~909~~067,~~530~~350.1093		0.00		0.00		0.00
Total	1,000,000,000.00		2736,~~136~~225,~~675~~026.3860		~~221~~287,~~991~~403,~~982~~696.3379		4,~~098~~935,~~249~~287.4606		~~226~~292,~~090~~338,~~231~~983.7985		~~253~~328,~~226~~564,~~907~~010.1745		0.00		0.00		~~773~~707,~~909~~661,~~768~~016.2115
Interest Detail -
	Pass		Prior Principal				Non-		Prior		Unscheduled				Paid or		Current
	Through		(with Notional)		Accrued		Supported		Unpaid		Interest		Optimal		Deferred		Unpaid
Class	Rate		Balance		Interest		Interest SF		Interest		Adjustment		Interest		Interest		Interest
					(1)		(2)		(3)		(4)		(5)=(1)-(2)+(3)+(4)		(6)		(7)=(5)-(6)
A-1	4.~~06000~~42375%		~~302~~269,~~470~~353,~~003~~911.9404		~~989~~1,~~244~~059,159.9543		0.00		0.00		0.00		~~989~~1,~~244~~059,159.9543		~~989~~1,~~244~~059,159.9543		0.00
A-2A	34.~~94000~~30375%		~~106~~73,~~613~~496,~~003~~911.9405		~~338~~281,~~377~~166.8352		0.00		0.00		0.00		~~338~~281,~~377~~166.8352		~~338~~281,~~377~~166.8352		0.00
A-2B	4.~~05000~~41375%		179,656,000.00		~~586~~704,~~127~~850.7037		0.00		0.00		0.00		~~586~~704,~~127~~850.7037		~~586~~704,~~127~~850.7037		0.00
A-2C	4.~~17000~~53375%		16,201,000.00		5465,~~421~~290.8603		0.00		0.00		0.00		5465,~~421~~290.8603		5465,~~421~~290.8603		0.00
M-1	4.~~29000~~65375%		50,500,000.00		~~174~~208,~~519~~901.5867		0.00		0.00		0.00		~~174~~208,~~519~~901.5867		~~174~~208,~~519~~901.5867		0.00
M-2	4.~~31000~~67375%		42,000,000.00		~~145~~174,~~821~~486.67		0.00		0.00		0.00		~~145~~174,~~821~~486.67		~~145~~174,~~821~~486.67		0.00
M-3	4.~~35000~~71375%		15,500,000.00		5464,~~314~~945.5800		0.00		0.00		0.00		5464,~~314~~945.5800		5464,~~314~~945.5800		0.00
M-4	4.~~58000~~94375%		23,500,000.00		86103,~~701~~269.9444		0.00		0.00		0.00		86103,~~701~~269.9444		86103,~~701~~269.9444		0.00
M-5	4.~~61000~~97375%		18,500,000.00		6881,~~701~~790.8156		0.00		0.00		0.00		6881,~~701~~790.8156		6881,~~701~~790.8156		0.00
M-6	45.~~65000~~01375%		14,500,000.00		5464,~~314~~621.5867		0.00		0.00		0.00		5464,~~314~~621.5867		5464,~~314~~621.5867		0.00
B-1	5.~~16000~~52375%		15,000,000.00		6273,~~350~~650.00		0.00		0.00		0.00		6273,~~350~~650.00		6273,~~350~~650.00		0.00
B-2	5.~~28000~~64375%		11,500,000.00		4857,~~913~~691.3367		0.00		0.00		0.00		4857,~~913~~691.3367		4857,~~913~~691.3367		0.00
B-3	65.~~18000~~96863%		10,500,000.00		5255,~~272~~707.5024		0.00		0.00		0.00		5255,~~272~~707.5024		5261,~~272~~075.5000		0.00
TRUST	0.00000%		0.00		0.00		~~1,507~~78.7035		0.00		0.00		-~~1,507~~78.7035		~~166~~1,~~475~~562,793.0724		0.00
Total			~~806~~740,~~440~~207,~~007~~822.8809		2,~~716~~995,~~082~~530.3327		~~1,507~~78.7035		0.00		0.00		2,~~714~~995,~~574~~451.6392		24,~~882~~563,~~557~~691.4027		0.00
Page 3 of 27
Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
October 25, 2005 Distribution
December 27, 2005 Distribution
Collection Account Report
SUMMARY
														Total
Principal Collections														3032,~~555~~546,~~397~~443.3094
Principal Withrawals														0.00
Principal Other Accounts														0.00
TOTAL NET PRINCIPAL														3032,~~555~~546,~~397~~443.3094
Interest Collections														4,~~664~~294,~~050~~992.4039
Interest Withdrawals														-0.00
Interest Other Accounts														~~416~~536,~~187~~113.6722
Interest Fees														-~~188~~172,~~532~~151.9036
TOTAL NET INTEREST														4,~~891~~658,~~705~~954.1725
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION														3537,~~447~~205,~~102~~398.4719
Retained Interest paid to SAXON Funding Management														3494,~~305~~900.4098
PRINCIPAL - COLLECTIONS
															Total
Scheduled Principal Received															~~441~~412,~~284~~307.2384
Curtailments															3934,~~703~~716.9830
Prepayments In Full															2932,~~781~~099,~~100~~781.2880
Repurchased/Substitutions															0.00
Liquidations															~~322,933~~0.3300
Other Additional Principal															0.00
Delinquent Principal															-~~125~~119,~~043~~924.7137
Realized Losses															-~~29,624~~362.5200
Advanced Principal															~~125~~119,~~043~~924.7137
TOTAL PRINCIPAL COLLECTED															3032,~~555~~546,~~397~~443.3094
PRINCIPAL - WITHDRAWALS
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS
														Total
TOTAL PRINCIPAL OTHER ACCOUNTS														0.00
Page 4 of 27
Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
October 25, 2005 Distribution
December 27, 2005 Distribution
INTEREST - COLLECTIONS
														Total
Scheduled Interest														4,~~708~~338,~~142~~394.9667
Repurchased/Substitution Interest														0.00
Liquidation Interest														~~2,119~~0.2500
Other Additional Interest														0.00
Prepayment Interest Shortfalls														-13,~~659~~066.1953
Delinquent Interest														-1,~~276~~231,~~478~~845.1704
Compensating Interest														13,~~659~~066.1953
Civil Relief Act Shortfalls														-~~1,507~~78.7035
Interest Advanced														1,~~231~~188,~~774~~521.0510
TOTAL INTEREST COLLECTED														4,~~664~~294,~~050~~992.4039
INTEREST - WITHDRAWALS
														Total
TOTAL INTEREST WITHDRAWALS														0.00
INTEREST - OTHER ACCOUNTS
														Total
Prepayment Charges														~~416~~536,~~187~~113.6722
TOTAL INTEREST OTHER ACCOUNTS														~~416~~536,~~187~~113.6722
INTEREST - FEES
														Total
Current Servicing Fees														~~127~~115,~~172~~189.5839
Master Servicing Fees														3431,~~305~~633.4066
PMI Insurance Fees														2725,~~054~~328.9231
TOTAL INTEREST FEES														~~188~~172,~~532~~151.9036
Page 5 of 27
Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
October 25, 2005 Distribution
December 27, 2005 Distribution
Credit Enhancement Report
ACCOUNTS
SPACE INTENTIONALLY LEFT BLANK
INSURANCE
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES
														Total
Overcollateralization Amount														1819,~~834~~000,~~876~~000.5300
Overcollateralization Target Amount														19,000,000.00
Overcollateralization Deficiency Amount														~~165,123~~0.4700
Overcollateralization Release Amount														0.00
Page 6 of 27
Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
October 25, 2005 Distribution
December 27, 2005 Distribution
Collateral Report
COLLATERAL
															Total
Loan Count:
Original														4,321
Prior														4,~~753~~441
Prefunding														0
Scheduled Paid Offs														-0
Full Voluntary Prepayments														-~~145~~160
Repurchases														-0
Liquidations														-10
Current														4,~~607~~281
Principal Balance:
Original														781,730,479.75
Prior														~~823~~759,~~329~~207,~~666~~822.5609
Prefunding														0.00
Scheduled Principal														-~~441~~412,~~284~~307.2384
Partial Prepayments														-3934,~~703~~716.9830
Full Voluntary Prepayments														-2932,~~781~~099,~~100~~781.2880
Repurchases														-0.00
Liquidations														-~~322,933~~0.3300
Current														~~792~~726,~~744~~661,~~644~~016.7415
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
2005-1
October 25, 2005 Distribution
December 27, 2005 Distribution
CHARACTERISTICS
														Total
Weighted Average Coupon Original														6.75583%
Weighted Average Coupon Prior														6.~~87441~~86365%
Weighted Average Coupon Current														6.~~86517~~85917%
Weighted Average Months to Maturity Original														354
Weighted Average Months to Maturity Prior														~~346~~344
Weighted Average Months to Maturity Current														~~345~~343
Weighted Avg Remaining Amortization Term Original														354
Weighted Avg Remaining Amortization Term Prior														~~346~~344
Weighted Avg Remaining Amortization Term Current														~~345~~343
Weighted Average Seasoning Original														2.04
Weighted Average Seasoning Prior														810.6461
Weighted Average Seasoning Current														911.6461
Page 8 of 27
Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
October 25, 2005 Distribution
December 27, 2005 Distribution
ARM CHARACTERISTICS
														Total
Weighted Average Margin Original														5.68543%
Weighted Average Margin Prior														5.~~61397~~60181%
Weighted Average Margin Current														5.~~60238~~59630%
Weighted Average Max Rate Original														12.90108%
Weighted Average Max Rate Prior														12.~~84514~~82878%
Weighted Average Max Rate Current														12.~~83305~~81937%
Weighted Average Min Rate Original														6.14536%
Weighted Average Min Rate Prior														6.~~06283~~04493%
Weighted Average Min Rate Current														6.~~04842~~03469%
Weighted Average Cap Up Original														1.02453%
Weighted Average Cap Up Prior														1.~~02049~~02034%
Weighted Average Cap Up Current														1.~~02006~~02042%
Weighted Average Cap Down Original														1.02453%
Weighted Average Cap Down Prior														1.~~02049~~02034%
Weighted Average Cap Down Current														1.~~02006~~02042%
SERVICING FEES & ADVANCES
															Total
Current Servicing Fees														~~127~~115,~~172~~189.5839
Delinquent Servicing Fees														4442,~~340~~960.5031
TOTAL SERVICING FEES														~~171~~158,~~515~~156.4068
Servicing Fees														~~171~~158,~~515~~156.4068
Master Servicing Fees														3431,~~305~~633.4066
Total Servicing Fees (incl. Master Servicing Fees)														~~205~~189,~~832~~801.4196
Compensating Interest														-13,~~659~~066.1953
Delinquent Servicing Fees														-4442,~~340~~960.5031
COLLECTED SERVICING FEES														~~147~~133,~~807~~744.1891
Total Advanced Interest														1,~~231~~188,~~774~~521.0510
Total Advanced Principal														~~125~~119,~~043~~924.7137
Aggregate Advances with respect to this Distribution														1,~~356~~308,~~817~~445.7647
ADDITIONAL COLLATERAL INFORMATION
														Total
Prepayment Interest Shortfall (PPIS)														13,~~659~~066.1953
Compensating Interest														-13,~~659~~066.1953
Net Prepayment Interest Shortfall (PPIS)														0.00
Libor For Current Period														34.~~8300~~1938%
Libor For Next Period														4.~~0375~~3788%
Retained Interest paid to SAXON Funding Management														3494,~~305~~900.4098
Page 9 of 27
Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
October 25, 2005 Distribution
December 27, 2005 Distribution
Page 10 of 27
Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
October 25, 2005 Distribution
December 27, 2005 Distribution
Delinquency Report
	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				9,~~928~~873,~~826~~852.9244		36,~~422~~568,~~560~~843.7798		1,~~190~~537,~~375~~623.9547		1417,~~541~~980,~~763~~319.6489
			% Balance				1.2536%		0.4390%		0.1521%		12.8347%
			# Loans				5970		2041		815		87126
			% # Loans				1.2864%		0.4396%		0.1735%		12.8994%
	FORECLOSURE		Balance		0273,299.0097		0.00		~~1,787,702~~0.9000		10,~~688~~113,~~235~~653.9364		1210,~~475~~386,~~938~~953.8361
			% Balance		0.0004%		0.00%		0.2300%		1.3539%		1.5743%
			# Loans		04		0		120		6456		7660
			% # Loans		0.0009%		0.00%		0.2600%		1.3931%		1.6540%
	BANKRUPTCY		Balance		1,~~254~~119,~~500~~959.8091		~~186~~198,~~846~~035.0142		0734,146.0068		13,~~791~~920,~~588~~686.2534		35,~~232~~972,~~935~~828.0635
			% Balance		0.1615%		0.0203%		0.0010%		0.2354%		0.4182%
			# Loans		1210		2		07		1125		2544
			% # Loans		0.2623%		0.0405%		0.0016%		0.2458%		01.5403%
	REO		Balance		0.00		0.00		0.00		2,~~187~~767,~~533~~589.1380		2,~~187~~767,~~533~~589.1380
			% Balance		0.00%		0.00%		0.00%		0.2838%		0.2838%
			# Loans		0		0		0		1522		1522
			% # Loans		0.00%		0.00%		0.00%		0.3351%		0.3351%
	TOTAL		Balance		1,~~254~~393,~~500~~259.8088		10,~~115~~071,~~672~~887.9386		57,~~210~~302,~~263~~990.6766		1518,~~857~~339,~~733~~553.2625		3237,~~438~~107,~~170~~691.6665
			% Balance		0.1619%		1.2839%		01.6601%		2.0052%		45.0911%
			# Loans		1214		6172		3248		98118		~~203~~252
			% # Loans		0.2633%		1.3268%		01.6912%		2.1376%		45.4189%
Page 11 of 27
Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
October 25, 2005 Distribution
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
11169804 1
11789230 1
			399,000.00		390,450.44		01-Jan-2005		8.000%		CO - 84.00%		360		01-Nov-1999
			180,000.00		180,000.00		01-Mar-2005		7.250%		GA - 80.00%		360		01-Nov-2004
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,~~457~~373.8582		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~~256.1760		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
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
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		52,334.09		01-Mar-2005		9.800%		MI - 90.00%		180		01-Jan-2005
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		79,280.45		01-Feb-2005		7.625%		MI - 80.00%		360		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		71,541.49		01-Mar-2005		8.900%		MI - 62.61%		360		01-Feb-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		77,023.87		01-Feb-2005		7.500%		MI - 92.48%		360		01-Feb-2005
11817322 1			77,679.00		77,146.21		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
11826915 1			53,950.00		53,641.22		01-Jan-2005		8.400%		MI - 65.00%		360		01-Feb-2005
11821082 1			120,000.00		119,146.15		01-Apr-2005		8.800%		GA - 80.00%		360		01-Jan-2005
11827523 1			238,000.00		236,651.41		01-Mar-2005		8.450%		NC - 85.00%		360		01-Feb-2005
11821284 1			164,700.00		164,700.00		01-Apr-2005		6.913%		CO - 90.00%		360		01-Feb-2005
TOTAL			2,203,449.00		2,187,533.13
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
2005-1
October 25, 2005 Distribution
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
11745007 1
11782957 1
			390,000.00		387,203.93		01-May-2005		8.313%		MI - 75.00%		360		01-Dec-2004
			92,000.00		90,922.45		01-Jul-2005		8.500%		MI - 89.32%		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		97,919.15		01-Feb-2005		9.000%		IN - 85.00%		360		01-Jan-2005
11784029 1			98,600.00		98,035.77		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
11784203 1			146,900.00		145,885.58		01-Apr-2005		8.500%		VT - 65.00%		360		01-Dec-2004
11792183 1			50,000.00		49,474.11		01-Jul-2005		7.250%		MI - 66.67%		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		103,367.51		01-Jun-2005		9.125%		FL - 80.00%		360		01-Feb-2005
11794167 1			104,000.00		103,486.46		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
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		67,193.73		01-Apr-2005		6.625%		NY - 85.00%		360		01-Dec-2004
11796181 1			68,000.00		67,321.56		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
11798043 1			87,567.00		86,946.98		01-Apr-2005		8.375%		MI - 86.70%		360		01-Dec-2004
11801629 1			118,400.00		117,531.58		01-Dec-2004		8.650%		SC - 80.00%		360		01-Jan-2005
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
11804042 1			212,000.00		209,513.39		01-Jun-2005		6.750%		NY - 80.00%		360		01-Dec-2004
11805835 1			56,100.00		55,775.94		01-Feb-2005		9.375%		LA - 85.00%		360		01-Dec-2004
11804530 1			252,000.00		249,291.87		01-Jun-2005		8.250%		PA - 90.00%		360		01-Sep-2004
11805944 1			73,500.00		72,921.79		01-Apr-2005		8.100%		IN - 75.00%		360		01-Dec-2004
11805325 1			337,500.00		333,283.00		01-Mar-2005		7.130%		NJ - 90.00%		360		01-Oct-2004
11805986 1			160,210.00		159,139.44		01-Apr-2005		7.625%		NJ - 86.60%		360		01-Feb-2005
11805835 1			56,100.00		55,713.98		01-Feb-2005		9.375%		LA - 85.00%		360		01-Dec-2004
11806165 1			248,500.00		248,499.01		01-May-2005		6.875%		VA - 67.16%		360		01-Jan-2005
11805944 1			73,500.00		72,816.98		01-Apr-2005		8.100%		IN - 75.00%		360		01-Dec-2004
11809371 1			97,750.00		97,122.98		01-Apr-2005		8.375%		MI - 84.71%		360		01-Jan-2005
11805986 1			160,210.00		158,893.14		01-Apr-2005		7.625%		NJ - 86.60%		360		01-Feb-2005
11809589 1			70,000.00		69,497.64		01-May-2005		7.813%		MI - 70.00%		360		01-Jan-2005
11809333 1			279,000.00		277,093.86		01-Jul-2005		9.000%		GA - 90.00%		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		56,314.63		05-Jan-2005		6.125%		WI - 69.51%		360		05-Dec-2004
11810337 1			57,000.00		56,431.53		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,~~767~~306.5203		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
11812351 1			99,450.00		98,391.25		01-Jul-2005		7.150%		AR - 85.00%		360		01-Jan-2005
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		65,667.73		01-Mar-2005		8.509%		IN - 85.00%		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		298,941.03		01-Dec-2004		7.450%		IL - 85.00%		360		01-Jan-2005
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
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
11816121 1			80,250.00		79,519.33		01-Jun-2005		7.999%		VA - 84.47%		360		01-Oct-2004
11815240 1			100,800.00		99,613.21		01-Jul-2005		6.375%		FL - 90.00%		360		01-Jan-2005
11816729 1			160,000.00		158,552.73		01-Jan-2005		6.625%		CA - 66.67%		360		01-Jan-2005
11816125 1			89,250.00		88,562.20		01-Jul-2005		8.750%		IN - 85.00%		360		01-Jan-2005
11816935 1			89,280.00		88,612.33		01-Jun-2005		7.050%		VA - 93.00%		360		01-Feb-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,~~180~~106.6578		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
11818700 1			272,000.00		272,000.00		01-Jun-2005		6.700%		VA - 80.00%		360		01-Feb-2005
11818760 1			217,000.00		215,173.80		01-Jun-2005		7.000%		MA - 69.91%		360		01-Jan-2005
11819564 1			228,000.00		226,099.69		01-Apr-2005		7.050%		VT - 80.00%		360		01-Mar-2005
11818998 1			340,650.00		340,650.00		01-Mar-2005		6.150%		CA - 90.00%		360		01-Jan-2005
11819832 1			96,000.00		95,350.39		01-Jun-2005		8.600%		WA - 80.00%		360		01-Feb-2005
11819564 1			228,000.00		226,488.71		01-Apr-2005		7.050%		VT - 80.00%		360		01-Mar-2005
11821803 1			116,000.00		115,006.69		01-Jul-2005		7.875%		CO - 80.00%		360		01-Jan-2005
11819789 1			304,000.00		302,224.49		01-Mar-2005		8.300%		NJ - 80.00%		360		01-Feb-2005
11821814 1			72,000.00		70,714.53		01-Mar-2005		8.650%		SC - 68.57%		240		01-Feb-2005
11819832 1			96,000.00		95,472.33		01-Jun-2005		8.600%		WA - 80.00%		360		01-Feb-2005
11821865 1			33,000.00		31,977.99		01-May-2005		8.700%		MS - 60.00%		180		01-Feb-2005
11820824 1			59,945.60		58,910.23		01-May-2005		7.200%		TN - 80.00%		240		01-Feb-2005
11822191 1			127,000.00		126,021.07		01-Apr-2005		7.950%		CO - 83.55%		360		01-Feb-2005
11821082 1			120,000.00		119,293.71		01-Apr-2005		8.800%		GA - 80.00%		360		01-Jan-2005
11823687 1			92,000.00		91,371.16		01-Mar-2005		8.550%		GA - 80.00%		360		01-Feb-2005
11821284 1			164,700.00		164,700.00		01-Apr-2005		6.913%		CO - 90.00%		360		01-Feb-2005
11825289 1			105,000.00		104,175.33		01-Jun-2005		7.700%		NC - 51.22%		360		01-Mar-2005
11821814 1			72,000.00		70,955.81		01-Mar-2005		8.650%		SC - 68.57%		240		01-Feb-2005
11825322 1			413,955.00		413,954.38		01-Jul-2005		6.875%		CO - 80.00%		360		01-Feb-2005
11821865 1			33,000.00		32,169.90		01-May-2005		8.700%		MS - 60.00%		180		01-Feb-2005
11825364 1			70,550.00		70,032.64		01-Oct-2005		8.200%		LA - 85.00%		360		01-Feb-2005
11822191 1			127,000.00		126,204.39		01-Apr-2005		7.950%		CO - 83.55%		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
2005-1
October 25, 2005 Distribution
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
11823578 1
11829189 1
			440,100.00		438,046.77		01-Apr-2005		9.400%		CA - 90.00%		360		01-Feb-2005
			220,000.00		218,252.42		01-Mar-2005		7.800%		NV - 69.40%		360		01-Feb-2005
11823687 1			92,000.00		91,489.18		01-Mar-2005		8.550%		GA - 80.00%		360		01-Feb-2005
11829297 1			100,000.00		99,359.42		01-Jun-2005		7.950%		WI - 55.56%		360		01-Apr-2005
11823991 1			300,000.00		300,000.00		01-Apr-2005		6.850%		CA - 80.00%		360		01-Feb-2005
11829695 1			98,000.00		97,928.02		01-Jul-2005		6.450%		IN - 79.67%		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
11833741 1			175,000.00		175,000.00		01-Jun-2005		7.550%		PA - 75.27%		360		01-Mar-2005
11831582 1			233,750.00		233,750.00		01-May-2005		6.600%		VA - 85.00%		360		01-Mar-2005
11839224 1			490,500.00		490,500.00		01-Jul-2005		6.900%		CA - 90.00%		360		01-Apr-2005
11834890 1			333,000.00		333,000.00		01-May-2005		7.600%		CA - 90.00%		360		01-Mar-2005
11843385 1			180,000.00		178,692.56		01-May-2005		7.200%		OH - 80.00%		360		01-Apr-2005
11835323 1			145,000.00		142,659.07		01-May-2005		6.750%		MI - 50.37%		240		01-Mar-2005
11846021 1			318,750.00		318,750.00		01-Jul-2005		7.150%		IL - 85.00%		360		01-Apr-2005
11838056 1			130,000.00		129,287.48		01-Apr-2005		9.990%		CT - 70.27%		360		01-Dec-2004
11846407 1			92,000.00		91,204.36		01-Nov-2005		6.375%		AZ - 76.67%		360		01-Apr-2005
11840935 1			58,500.00		55,679.28		01-May-2005		6.950%		VA - 43.01%		120		01-Apr-2005
11846919 1			25,000.00		24,844.61		01-Nov-2005		7.990%		IL - 13.47%		360		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			10,445,365.00		10,386,953.61
TOTAL			12,539,011.60		12,475,938.83
Page 14 of 27
Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
October 25, 2005 Distribution
December 27, 2005 Distribution
Prepayment Report
VOLUNTARY PREPAYMENTS
															Total
Current
Number of Paid in Full Loans														~~145~~160
Number of Repurchased Loans														0
Total Number of Loans Prepaid in Full														~~145~~160
Curtailments Amount														3934,~~703~~716.9830
Paid in Full Balance														2932,~~781~~099,~~100~~781.2880
Repurchased Loans Balance														0.00
Total Prepayment Amount														2932,~~820~~134,~~804~~498.2610
Cumulative
Number of Paid in Full Loans														~~956~~1,279
Number of Repurchased Loans														8
Total Number of Loans Prepaid in Full														~~964~~1,287
Paid in Full Balance														~~200~~265,~~956~~676,~~743~~177.3609
Repurchased Loans Balance														968,670.38
Curtailments Amount														~~880~~671,~~386~~093.0380
Total Prepayment Amount														~~202~~267,~~805~~315,~~799~~941.7727
Page 15 of 27
Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
October 25, 2005 Distribution
December 27, 2005 Distribution
VOLUNTARY PREPAYMENTS RATES
															Total
SMM														34.6623%
3 Months Avg SMM														34.9503%
12 Months Avg SMM														2.5586%
Avg SMM Since Cut-off														2.5586%
CPR														3640.1050%
3 Months Avg CPR														38.3293%
12 Months Avg CPR														2629.6736%
Avg CPR Since Cut-off														2629.6736%
PSA														1,~~872~~744.2484%
3 Months Avg PSA Approximation														21,~~217~~833.9802%
12 Months Avg PSA Approximation														2,~~329~~189.0270%
Avg PSA Since Cut-off Approximation														2,~~329~~189.0270%
Page 16 of 27
Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
October 25, 2005 Distribution
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
2005-1
October 25, 2005 Distribution
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	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
11786246 1			119,000.00		117,890.69			21-Nov-2005		8.375%		NJ - 79.87%		Paid Off - 360		01-Nov-2004
11780561 1			190,000.00		188,441.63			14-Oct-2005		6.575%		NJ - 69.34%		Paid Off - 360		01-Jan-2005
11788488 1			216,900.00		214,749.18			29-Nov-2005		7.125%		FL - 90.00%		Paid Off - 360		01-Dec-2004
11781546 1			100,000.00		93,569.13			30-Sep-2005		7.342%		FL - 66.67%		Paid Off - 120		01-Nov-2004
11790904 1			123,200.00		121,823.32			12-Dec-2005		5.500%		OR - 80.00%		Paid Off - 360		01-Feb-2005
11787953 1			100,800.00		99,940.09			20-Sep-2005		7.250%		NC - 80.00%		Paid Off - 360		01-Dec-2004
11792046 1			371,016.00		370,854.87			06-Dec-2005		6.750%		CA - 90.00%		Paid Off - 360		01-Feb-2005
11796264 1			61,200.00		60,770.47			20-Sep-2005		7.375%		NY - 90.00%		Paid Off - 360		01-Jan-2005
11792478 1			52,500.00		51,232.31			29-Nov-2005		8.250%		WI - 70.95%		Paid Off - 240		01-Oct-2004
11797170 1			137,855.00		136,772.92			28-Sep-2005		6.800%		WA - 86.16%		Paid Off - 360		01-Jan-2005
11793963 1			340,000.00		335,272.10			01-Dec-2005		5.775%		NY - 80.00%		Paid Off - 360		01-Nov-2004
11797833 1			185,692.00		185,692.00			17-Oct-2005		7.000%		CA - 53.05%		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
11798494 1			237,000.00		237,000.00			05-Oct-2005		5.875%		VA - 79.00%		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
11799466 1			272,000.00		269,923.67			30-Sep-2005		7.500%		CA - 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
11799887 1			150,000.00		149,022.19			05-Oct-2005		7.750%		CA - 62.76%		Paid Off - 360		01-Jan-2005
11797965 1			432,000.00		432,000.00			09-Dec-2005		7.375%		NY - 90.00%		Paid Off - 360		01-Dec-2004
11800840 1			122,000.00		121,947.46			30-Sep-2005		7.495%		VA - 69.71%		Paid Off - 360		01-Jan-2005
11798315 1			120,400.00		119,609.59			30-Nov-2005		8.750%		TX - 80.00%		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
11799038 1			308,000.00		305,707.10			29-Nov-2005		8.990%		MA - 78.97%		Paid Off - 360		01-Nov-2004
11801348 1			60,000.00		59,562.34			28-Sep-2005		8.000%		MI - 55.56%		Paid Off - 360		01-Dec-2004
11799519 1			64,000.00		61,796.97			21-Nov-2005		7.450%		LA - 35.96%		Paid Off - 180		01-Jan-2005
11801663 1			212,100.00		210,308.31			12-Oct-2005		6.417%		CA - 70.00%		Paid Off - 360		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
11802500 1			116,450.00		115,603.82			30-Sep-2005		7.750%		MD - 85.00%		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
11802635 1			315,500.00		315,500.00			13-Oct-2005		5.700%		GA - 79.98%		Paid Off - 360		01-Nov-2004
11800808 1			214,000.00		214,000.00			06-Dec-2005		5.875%		CA - 80.00%		Paid Off - 360		01-Dec-2004
11802740 1			130,050.00		130,050.00			28-Sep-2005		7.250%		FL - 90.00%		Paid Off - 360		01-Jan-2005
11801440 1			76,000.00		75,150.54			07-Dec-2005		6.500%		PA - 79.58%		Paid Off - 360		01-Dec-2004
11803765 1			230,400.00		230,332.56			14-Oct-2005		7.025%		MD - 80.00%		Paid Off - 360		01-Jan-2005
11801478 1			227,200.00		226,998.74			18-Nov-2005		7.000%		VA - 80.00%		Paid Off - 360		01-Dec-2004
11803997 1			129,600.00		128,728.37			27-Sep-2005		7.625%		IL - 88.77%		Paid Off - 360		03-Dec-2004
11802892 1			95,000.00		94,050.65			12-Dec-2005		6.100%		GA - 79.17%		Paid Off - 360		01-Feb-2005
11804147 1			243,000.00		242,928.62			29-Sep-2005		5.875%		CA - 73.77%		Paid Off - 360		01-Dec-2004
11803029 1			148,000.00		146,182.60			02-Dec-2005		6.000%		NY - 80.00%		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
11803405 1			190,400.00		188,075.20			23-Nov-2005		7.250%		VA - 80.00%		Paid Off - 360		01-Sep-2004
11804541 1			144,500.00		143,728.38			30-Sep-2005		9.275%		GA - 85.00%		Paid Off - 360		01-Dec-2004
11804098 1			162,028.00		162,028.00			01-Dec-2005		6.375%		OR - 80.00%		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
11804613 1			90,000.00		89,094.88			29-Nov-2005		7.042%		FL - 84.11%		Paid Off - 360		01-Jan-2005
11805124 1			97,600.00		97,191.78			28-Sep-2005		9.925%		OH - 80.00%		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
11805390 1			315,000.00		314,979.43			05-Oct-2005		5.427%		CA - 75.00%		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
11805598 1			95,250.00		94,431.85			30-Sep-2005		7.000%		IL - 73.84%		Paid Off - 360		01-Dec-2004
11805458 1			163,200.00		163,200.00			13-Dec-2005		6.925%		MD - 85.00%		Paid Off - 360		01-Jan-2005
11806330 1			120,400.00		119,602.96			13-Oct-2005		8.525%		MI - 70.00%		Paid Off - 360		01-Dec-2004
11805586 1			104,370.00		103,181.00			12-Dec-2005		7.000%		FL - 69.58%		Paid Off - 360		01-Feb-2005
11806383 1			153,000.00		151,412.01			27-Sep-2005		7.500%		CA - 40.32%		Paid Off - 360		01-Sep-2004
11805643 1			241,600.00		241,597.57			21-Nov-2005		6.125%		CA - 80.00%		Paid Off - 360		01-Jan-2005
11806786 1			232,750.00		232,750.00			13-Oct-2005		6.500%		MD - 95.00%		Paid Off - 360		01-Dec-2004
11805715 1			73,800.00		73,337.02			09-Dec-2005		9.417%		CT - 90.00%		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
11805787 1			229,600.00		226,700.19			15-Dec-2005		5.850%		CA - 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
11806054 1			213,750.00		211,212.50			28-Nov-2005		6.400%		VA - 95.00%		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
11806068 1			51,200.00		50,947.48			23-Nov-2005		10.135%		TX - 80.00%		Paid Off - 360		01-Jan-2005
11807536 1			330,000.00		327,222.87			21-Sep-2005		7.000%		CA - 73.33%		Paid Off - 360		01-Dec-2004
11806381 1			201,200.00		198,095.19			22-Nov-2005		5.625%		CA - 80.00%		Paid Off - 360		01-Oct-2004
11808998 1			137,800.00		137,800.00			13-Oct-2005		7.250%		VA - 65.00%		Paid Off - 360		01-Jan-2005
11806577 1			52,500.00		51,220.12			29-Nov-2005		6.790%		FL - 70.00%		Paid Off - 240		01-Dec-2004
11809017 1			390,000.00		390,000.00			10-Oct-2005		7.750%		MD - 64.89%		Paid Off - 360		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
11809154 1			140,000.00		140,000.00			14-Oct-2005		7.875%		CA - 69.83%		Paid Off - 360		01-Jan-2005
11806755 1			175,000.00		173,305.71			30-Nov-2005		7.250%		FL - 74.47%		Paid Off - 360		01-Dec-2004
11809342 1			254,600.00		252,776.42			20-Sep-2005		6.850%		NY - 76.00%		Paid Off - 360		01-Feb-2005
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
2005-1
October 25, 2005 Distribution
December 27, 2005 Distribution
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
&		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
11808248 1			94,500.00		92,761.16			23-Nov-2005		8.400%		AZ - 90.00%		Paid Off - 240		01-Jan-2005
11809672 1			400,000.00		396,752.79			27-Sep-2005		6.625%		VA - 89.29%		Paid Off - 360		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
11809762 1			111,600.00		110,865.31			05-Oct-2005		7.700%		VA - 90.00%		Paid Off - 360		01-Jan-2005
11808351 1			87,500.00		87,499.08			28-Nov-2005		6.750%		NV - 70.00%		Paid Off - 360		01-Dec-2004
11809851 1			130,500.00		130,500.00			21-Sep-2005		6.000%		MD - 90.00%		Paid Off - 360		01-Jan-2005
11808618 1			50,001.00		49,478.41			30-Nov-2005		6.550%		PA - 40.00%		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
11809068 1			160,000.00		159,933.86			15-Dec-2005		6.875%		MI - 80.00%		Paid Off - 360		01-Dec-2004
11810660 1			55,800.00		55,502.49			29-Sep-2005		8.750%		IN - 90.00%		Paid Off - 360		01-Jan-2005
11809218 1			100,000.00		99,348.89			06-Dec-2005		9.500%		NJ - 33.90%		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
11809275 1			232,000.00		230,225.37			06-Dec-2005		8.250%		NJ - 80.00%		Paid Off - 360		01-Jan-2005
11811243 1		FCL	195,660.00		194,101.79			14-Oct-2005		6.725%		NV - 90.00%		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
11811283 1			109,701.00		109,003.42			06-Oct-2005		7.875%		MI - 91.80%		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
11811470 1			139,500.00		138,775.00			28-Sep-2005		8.875%		VA - 90.00%		Paid Off - 360		01-Jan-2005
11810076 1			196,200.00		194,947.76			29-Nov-2005		8.400%		CA - 90.00%		Paid Off - 360		01-Feb-2005
11812015 1			151,000.00		149,859.66			22-Sep-2005		7.000%		WI - 88.82%		Paid Off - 360		05-Dec-2004
11810226 1			464,000.00		463,862.25			09-Dec-2005		7.125%		MD - 88.38%		Paid Off - 360		01-Jan-2005
11812623 1			101,250.00		100,589.95			21-Sep-2005		7.750%		FL - 75.00%		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
11812692 1			360,000.00		356,321.51			06-Oct-2005		6.500%		NY - 90.00%		Paid Off - 360		01-Nov-2004
11811350 1			136,800.00		136,580.90			09-Dec-2005		6.125%		VA - 80.00%		Paid Off - 360		01-Dec-2004
11812803 1			205,000.00		205,000.00			21-Sep-2005		6.250%		CA - 67.21%		Paid Off - 360		01-Jan-2005
11811362 1			480,000.00		480,000.00			13-Dec-2005		5.875%		CA - 80.00%		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
11811985 1			447,950.00		447,950.00			02-Dec-2005		5.625%		CA - 85.00%		Paid Off - 360		01-Dec-2004
11813446 1			115,600.00		114,645.25			27-Sep-2005		6.750%		WI - 85.00%		Paid Off - 360		09-Dec-2004
11812111 1			48,000.00		47,595.77			01-Dec-2005		7.510%		TX - 80.00%		Paid Off - 360		01-Jan-2005
11813507 1			280,000.00		280,000.00			06-Oct-2005		6.125%		FL - 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
11814706 1			140,250.00		139,111.39			03-Oct-2005		6.625%		FL - 85.00%		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
11815412 1			272,800.00		272,800.00			30-Sep-2005		6.950%		AZ - 80.00%		Paid Off - 360		01-Jan-2005
11812954 1			276,000.00		273,311.30			15-Dec-2005		6.750%		NY - 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
11813300 1			141,300.00		141,288.44			22-Nov-2005		7.990%		DE - 90.00%		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
11814031 1			407,500.00		403,225.75			12-Dec-2005		6.625%		MD - 89.96%		Paid Off - 360		01-Jan-2005
11816914 1			208,000.00		208,000.00			30-Sep-2005		6.950%		CA - 76.47%		Paid Off - 360		01-Feb-2005
11814313 1			148,800.00		147,008.53			28-Nov-2005		5.625%		OR - 80.00%		Paid Off - 360		01-Jan-2005
11817023 1			231,000.00		230,698.64			10-Oct-2005		5.875%		CA - 70.62%		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
11817104 1			86,102.00		85,535.07			27-Sep-2005		8.000%		CA - 37.44%		Paid Off - 360		01-Jan-2005
11814887 1			137,000.00		135,980.16			09-Dec-2005		8.125%		CA - 44.92%		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
11814960 1			218,000.00		218,000.00			30-Nov-2005		6.000%		MD - 77.86%		Paid Off - 360		01-Jan-2005
11817241 1			333,750.00		331,494.98			10-Oct-2005		6.500%		MD - 75.00%		Paid Off - 360		01-Mar-2005
11815092 1			184,000.00		182,083.89			28-Nov-2005		6.400%		VA - 80.00%		Paid Off - 360		01-Jan-2005
11817831 1			184,500.00		183,272.87			17-Oct-2005		7.225%		NJ - 90.00%		Paid Off - 360		01-Feb-2005
11815244 1			140,000.00		140,000.00			01-Dec-2005		5.850%		VA - 78.21%		Paid Off - 360		01-Jan-2005
11818620 1			208,250.00		206,892.46			10-Oct-2005		7.750%		FL - 85.00%		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
11818934 1			128,000.00		127,204.47			29-Sep-2005		7.990%		FL - 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
11819046 1			191,700.00		191,700.00			04-Oct-2005		6.750%		MI - 90.00%		Paid Off - 360		01-Feb-2005
11815756 1			230,350.00		228,168.79			09-Dec-2005		6.400%		MD - 85.00%		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
11815833 1			101,250.00		100,121.75			06-Dec-2005		8.300%		OR - 90.00%		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
11816201 1			352,000.00		347,352.37			12-Dec-2005		5.125%		CA - 80.00%		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
11816810 1			118,500.00		117,212.45			16-Dec-2005		6.175%		FL - 75.00%		Paid Off - 360		01-Jan-2005
11820413 1			200,000.00		198,762.10			22-Sep-2005		7.400%		MA - 80.00%		Paid Off - 360		01-Feb-2005
11817671 1			184,000.00		181,835.51			09-Dec-2005		5.750%		UT - 76.67%		Paid Off - 360		01-Jan-2005
11820679 1			162,500.00		161,083.05			20-Sep-2005		6.250%		MD - 79.85%		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
11821185 1			409,050.00		409,005.05			20-Sep-2005		6.500%		MD - 90.00%		Paid Off - 360		01-Feb-2005
11818409 1			195,000.00		194,975.29			21-Nov-2005		7.050%		AZ - 87.44%		Paid Off - 360		01-Jan-2005
11821560 1			227,000.00		225,581.10			13-Oct-2005		7.350%		CA - 62.88%		Paid Off - 360		01-Feb-2005
11818494 1			255,200.00		255,194.80			06-Dec-2005		6.000%		FL - 80.00%		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
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
2005-1
October 25, 2005 Distribution
December 27, 2005 Distribution
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
&		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
11820727 1			250,200.00		247,176.42			09-Dec-2005		6.300%		CA - 90.00%		Paid Off - 360		01-Jan-2005
11821721 1			280,000.00		279,999.32			03-Oct-2005		7.300%		CA - 70.00%		Paid Off - 360		01-Nov-2004
11820780 1			160,000.00		158,813.10			16-Dec-2005		8.050%		CA - 80.00%		Paid Off - 360		01-Feb-2005
11822504 1			88,500.00		87,893.89			21-Sep-2005		6.900%		MI - 67.05%		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
11822567 1			403,000.00		403,000.00			10-Oct-2005		5.224%		VA - 76.76%		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
11822669 1			200,000.00		199,903.45			14-Oct-2005		7.050%		NV - 80.00%		Paid Off - 360		01-Jan-2005
11821726 1			203,000.00		203,000.00			30-Nov-2005		7.100%		CA - 82.86%		Paid Off - 360		01-Nov-2004
11823143 1			338,000.00		338,000.00			05-Oct-2005		5.950%		AZ - 80.00%		Paid Off - 360		01-Feb-2005
11821983 1			323,000.00		320,526.43			28-Nov-2005		8.050%		WA - 85.00%		Paid Off - 360		01-Jan-2005
11823719 1			111,562.00		110,936.61			30-Sep-2005		7.900%		CT - 92.20%		Paid Off - 360		01-Feb-2005
11822135 1			304,000.00		302,263.25			23-Nov-2005		6.450%		AZ - 80.00%		Paid Off - 360		01-Dec-2004
11823847 1			500,000.00		496,279.21			29-Sep-2005		6.450%		MD - 89.29%		Paid Off - 360		01-Feb-2005
11822174 1			240,000.00		238,012.55			07-Dec-2005		7.690%		FL - 80.00%		Paid Off - 360		01-Jan-2005
11823878 1			224,320.00		222,360.67			21-Sep-2005		5.600%		MD - 80.00%		Paid Off - 360		01-Feb-2005
11822343 1			164,470.00		162,779.88			30-Nov-2005		7.090%		FL - 80.00%		Paid Off - 360		01-Dec-2004
11823958 1			254,290.00		254,290.00			28-Sep-2005		7.350%		MD - 86.20%		Paid Off - 360		01-Feb-2005
11822618 1			132,300.00		132,277.23			13-Dec-2005		7.600%		NC - 90.00%		Paid Off - 360		01-Jan-2005
11824461 1			64,600.00		64,263.28			06-Oct-2005		8.300%		MI - 85.00%		Paid Off - 360		01-Feb-2005
11822720 1			153,000.00		153,000.00			02-Dec-2005		5.950%		DE - 87.93%		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
11823080 1			106,500.00		105,494.51			15-Dec-2005		6.400%		ME - 70.53%		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
11823156 1			108,000.00		106,858.49			02-Dec-2005		5.800%		NY - 80.00%		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
11823248 1			105,600.00		104,944.02			30-Nov-2005		8.600%		GA - 80.00%		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
11823409 1			158,320.00		158,320.00			02-Dec-2005		6.375%		VA - 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
11823469 1			324,000.00		323,941.50			16-Dec-2005		6.450%		CA - 80.00%		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
11824383 1			219,200.00		217,090.76			29-Nov-2005		6.300%		NV - 80.00%		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
11824525 1			113,600.00		112,806.65			23-Nov-2005		7.950%		AZ - 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
11824661 1			84,720.00		84,692.64			02-Dec-2005		7.750%		IL - 80.00%		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
11824751 1			199,000.00		199,000.00			14-Dec-2005		7.500%		CT - 88.44%		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
11824873 1			144,000.00		144,000.00			16-Dec-2005		5.975%		CA - 80.00%		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
11824951 1			166,500.00		166,455.60			22-Nov-2005		6.400%		FL - 90.00%		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
11825064 1			324,000.00		324,000.00			02-Dec-2005		6.000%		MD - 80.00%		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
11825083 1			107,900.00		107,083.03			29-Nov-2005		7.800%		CT - 77.07%		Paid Off - 360		01-Feb-2005
11827907 1			284,750.00		284,750.00			03-Oct-2005		5.550%		MD - 85.00%		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
11828159 1			185,019.00		183,928.42			11-Oct-2005		7.650%		CA - 89.82%		Paid Off - 360		01-Feb-2005
11825797 1			204,000.00		201,845.43			07-Dec-2005		6.990%		MD - 80.00%		Paid Off - 360		01-Dec-2004
11828370 1			197,000.00		197,000.00			06-Oct-2005		6.850%		CA - 89.95%		Paid Off - 360		01-Mar-2005
11826018 1			235,000.00		234,956.37			16-Dec-2005		6.950%		CA - 78.33%		Paid Off - 360		01-Feb-2005
11828660 1			225,000.00		222,534.45			26-Sep-2005		5.990%		CA - 90.00%		Paid Off - 360		01-Jan-2005
11826061 1			114,147.00		113,089.56			09-Dec-2005		6.500%		AZ - 91.32%		Paid Off - 360		01-Feb-2005
11828665 1			228,000.00		226,011.88			27-Sep-2005		6.250%		CA - 63.33%		Paid Off - 360		01-Jan-2005
11826451 1			113,200.00		113,096.82			01-Dec-2005		6.125%		WI - 80.00%		Paid Off - 360		01-Feb-2005
11829033 1			180,400.00		179,447.72			05-Oct-2005		8.200%		FL - 82.00%		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
11829450 1			235,000.00		233,365.03			04-Oct-2005		6.800%		CA - 51.76%		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
11829573 1			296,000.00		293,625.42			06-Oct-2005		6.100%		CA - 80.00%		Paid Off - 360		01-Feb-2005
11826684 1			489,600.00		489,600.00			22-Nov-2005		5.250%		CA - 90.00%		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
11827091 1			109,050.00		107,965.30			09-Dec-2005		6.300%		FL - 75.00%		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
11827519 1			242,250.00		242,150.00			16-Dec-2005		6.900%		CA - 95.00%		Paid Off - 360		01-Feb-2005
11831025 1			210,960.00		210,960.00			14-Oct-2005		7.650%		VA - 76.02%		Paid Off - 360		01-Mar-2005
11827529 1			131,250.00		130,508.39			29-Nov-2005		9.000%		MD - 75.00%		Paid Off - 360		01-Feb-2005
11831151 1			288,000.00		287,961.02			13-Oct-2005		5.850%		CA - 82.29%		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
11831296 1			349,600.00		349,600.00			29-Sep-2005		7.000%		MD - 80.00%		Paid Off - 360		01-Feb-2005
11827787 1			113,600.00		112,837.63			18-Nov-2005		8.150%		SC - 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
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
2005-1
October 25, 2005 Distribution
December 27, 2005 Distribution
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
&		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
11829708 1			442,000.00		441,875.14			12-Dec-2005		5.650%		CA - 85.00%		Paid Off - 360		01-Feb-2005
11831472 1			136,000.00		135,233.58			26-Sep-2005		7.900%		IL - 80.00%		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
11831623 1			121,500.00		120,302.14			06-Oct-2005		6.450%		FL - 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
11831700 1			336,000.00		336,000.00			20-Sep-2005		7.250%		FL - 80.00%		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
11832413 1			165,600.00		165,599.51			05-Oct-2005		8.050%		IA - 90.00%		Paid Off - 360		01-Apr-2005
11831317 1			128,100.00		126,913.32			30-Nov-2005		6.500%		NE - 83.73%		Paid Off - 360		01-Feb-2005
11832420 1			180,000.00		179,145.13			10-Oct-2005		8.050%		MD - 90.00%		Paid Off - 360		01-Mar-2005
11831470 1			225,000.00		222,554.60			23-Nov-2005		5.650%		NV - 69.77%		Paid Off - 360		01-Feb-2005
11832588 1			193,200.00		193,200.00			07-Oct-2005		7.650%		NM - 70.00%		Paid Off - 360		01-Mar-2005
11831790 1			132,000.00		132,000.00			29-Nov-2005		6.850%		MS - 89.54%		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
11832103 1			200,320.00		200,320.00			15-Dec-2005		6.550%		CA - 80.00%		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
11832496 1			236,000.00		234,491.83			18-Nov-2005		7.850%		CA - 80.00%		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
11832748 1			360,000.00		360,000.00			14-Dec-2005		5.900%		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
11832756 1			334,900.00		332,194.25			07-Dec-2005		6.650%		NY - 84.57%		Paid Off - 360		01-Mar-2005
11837489 1			297,000.00		296,997.25			04-Oct-2005		6.250%		CA - 90.00%		Paid Off - 360		01-Apr-2005
11832832 1			288,000.00		288,000.00			30-Nov-2005		5.350%		CA - 75.00%		Paid Off - 360		01-Feb-2005
11837498 1			150,000.00		149,098.19			30-Sep-2005		6.850%		CA - 80.65%		Paid Off - 360		01-Mar-2005
11833626 1			252,000.00		249,884.64			30-Nov-2005		6.450%		CA - 84.00%		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
11834477 1			242,250.00		242,250.00			22-Nov-2005		6.900%		MO - 95.00%		Paid Off - 360		01-Mar-2005
11837775 1			144,500.00		144,500.00			06-Oct-2005		7.450%		MD - 85.00%		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
11838164 1			153,000.00		153,000.00			13-Oct-2005		7.990%		CA - 90.00%		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
11838207 1			201,500.00		201,500.00			17-Oct-2005		6.990%		MD - 87.61%		Paid Off - 360		01-Apr-2005
11836277 1			129,200.00		127,476.84			05-Dec-2005		6.000%		NV - 56.17%		Paid Off - 360		01-Nov-2004
11838512 1			128,000.00		127,228.68			19-Sep-2005		6.950%		CA - 80.00%		Paid Off - 360		01-Mar-2005
11836335 1			130,500.00		126,834.43			23-Nov-2005		7.850%		FL - 90.00%		Paid Off - 180		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
11836673 1			101,000.00		100,110.97			12-Dec-2005		6.200%		CA - 45.05%		Paid Off - 360		01-Mar-2005
11840404 1			100,000.00		100,000.00			03-Oct-2005		7.100%		AZ - 80.00%		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
11840597 1			130,000.00		129,054.92			28-Sep-2005		5.950%		NJ - 64.04%		Paid Off - 360		01-Apr-2005
11839587 1			315,000.00		315,000.00			29-Nov-2005		6.316%		FL - 90.00%		Paid Off - 360		01-Mar-2005
11840643 1			297,000.00		297,000.00			05-Oct-2005		7.150%		VA - 90.00%		Paid Off - 360		01-Apr-2005
11839826 1			55,000.00		54,622.78			15-Dec-2005		7.200%		MA - 24.89%		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
11839912 1			112,500.00		112,500.00			14-Dec-2005		7.300%		MD - 65.22%		Paid Off - 360		01-Apr-2005
11840824 1			172,000.00		170,841.35			23-Sep-2005		5.425%		IL - 63.70%		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
11841334 1			155,700.00		155,078.45			21-Sep-2005		8.125%		NC - 90.00%		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
11843440 1			85,000.00		84,500.35			30-Sep-2005		6.150%		AZ - 54.91%		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
11843478 1			50,000.00		48,466.83			06-Oct-2005		6.150%		OR - 40.00%		Paid Off - 180		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
11843639 1			117,600.00		116,752.27			26-Sep-2005		5.900%		FL - 80.00%		Paid Off - 360		01-Mar-2005
11843740 1			275,500.00		275,500.00			29-Nov-2005		6.650%		CA - 95.00%		Paid Off - 360		01-Apr-2005
11845057 1			175,000.00		175,000.00			19-Sep-2005		7.900%		CA - 54.69%		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
11845783 1			125,200.00		124,563.34			03-Oct-2005		7.600%		IL - 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
11846916 1			251,200.00		251,170.34			22-Sep-2005		6.990%		VA - 74.99%		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
11849442 1			272,000.00		270,897.68			30-Sep-2005		8.050%		FL - 85.00%		Paid Off - 360		01-Apr-2005
11849383 1			49,600.00		48,939.20			29-Nov-2005		8.350%		VA - 80.00%		Paid Off - 240		01-Apr-2005
TOTAL			29,885,850.00		29,781,100.28
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
Page 21 of 27
Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
October 25, 2005 Distribution
December 27, 2005 Distribution
Realized Loss Report
COLLATERAL REALIZED LOSSES
															Total
Current
Number of Loans Liquidated														10
Collateral Principal Realized Loss/(Gain) Amount														~~29,624~~362.5200
Collateral Interest Realized Loss/(Gain) Amount														0.00
Net Liquidation Proceeds														~~293,308~~(362.8100)
Cumulative
Number of Loans Liquidated														15
Collateral Realized Loss/(Gain) Amount														2992,~~624~~971.5219
Net Liquidation Proceeds														~~293~~966,~~308~~411.8163
Page 22 of 27
Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
October 25, 2005 Distribution
December 27, 2005 Distribution
DEFAULT SPEEDS
															Total
MDR														0.0400%
3 Months Avg MDR														0.0104%
12 Months Avg MDR														0.0001%
Avg MDR Since Cut-off														0.0001%
CDR														0.4700%
3 Months Avg CDR														0.1653%
12 Months Avg CDR														0.0514%
Avg CDR Since Cut-off														0.0514%
SDA														20.4400%
3 Months Avg SDA Approximation														02.9148%
12 Months Avg SDA Approximation														01.4607%
Avg SDA Since Cut-off Approximation														01.4607%
Loss Severity Approximation for Current Period														90.1700%
3 Months Avg Loss Severity Approximation														35.0691%
12 Months Avg Loss Severity Approximation														1.0261%
Avg Loss Severity Approximation Since Cut-off														1.0261%
Page 23 of 27
Saxon Asset Securities Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
October 25, 2005 Distribution
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
2005-1
October 25, 2005 Distribution
December 27, 2005 Distribution
Realized Loss Detail Report
Loan Number			Current		State &				Prior		Realized				Cumulative
&		Loan	Note		LTV at		Original		Principal		Loss/(Gain)		Realized		Realized
Loan Group		Status	Rate		Origination		Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)
11797009 1
		Forcls	7.875%		CO - 72.22%		360		322,933.33				29,624.52		0.00
					CO - 72.22%		360				Revision		145.00
TOTAL									322,933.33			29,624.52		0.00
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
2005-1
October 25, 2005 Distribution
December 27, 2005 Distribution
Triggers and Adj. Cert. Report
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								2125,~~067~~642,~~996~~543.9391
						Ending Collateral Balance								~~792~~726,~~744~~661,~~644~~016.7415
						Delinquency Percentage								23.~~6600~~5300%
						Senior Enhancement Percentage								2730.~~544814~~344223%
						Cumulative Loss Percentage								0.~~0000~~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
2005-1
October 25, 2005 Distribution
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
			A-2A										$0.00		$0.00
			A-2B										$0.00		$0.00
			A-2C										$0.00		$0.00
			M-1										$0.00		$0.00
			M-2										$0.00		$0.00
			M-3										$0.00		$0.00
			M-4										$0.00		$0.00
			M-5										$0.00		$0.00
			M-6										$0.00		$0.00
			B-1										$0.00		$0.00
			B-2										$0.00		$0.00
			B-3										$0.00		~~$0.00~~#######
Page 27 of 27

Filing Compare · Saxon Asset Securities Trust 2005-1