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



                                         VIRGINIA
                     (State or Other Jurisdiction of Incorporation)

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


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


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



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


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

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

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

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

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


     Item 8.01 Other Events.

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


     Item 9.01 Financial Statements and Exhibits.

     (c) Exhibits

     Exhibit No. Description

     99.1 Monthly Remittance Statement to the Certificateholders dated as of
     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 2005-2

Mortgage Pass-Through Certificates

2005-2

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					10

										6. REO Report					13

										7. Foreclosure Report					14
										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)
				CS First Boston


										Total Number of Pages					27


				Dates						Contacts

				Cut-Off Date:			May 01, 2005			Tim Avakian
				Close Date:			June 07, 2005			Administrator
				First Distribution Date:			June 27, 2005			(714) 247-6279
										tim.avakian@db.com

										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
										Main Phone Number:			(714) 247-6000

							December 23, 2005


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






Page 1 of 27
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

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-1A	SR	$	305,690,000.00		252,505,801.99		988,419.93		12,102,599.51		13,091,019.44		0.00		0.00		240,403,202.48

A-1B	SR	$	76,420,000.00		63,124,385.45		249,341.32		3,025,550.90		3,274,892.22		0.00		0.00		60,098,834.55
A-2A	SR	$	220,760,000.00		155,915,925.55		593,693.20		16,961,819.06		17,555,512.26		0.00		0.00		138,954,106.49
A-2B	SR	$	39,660,000.00		39,660,000.00		153,484.20		0.00		153,484.20		0.00		0.00		39,660,000.00
A-2C	SR	$	104,410,000.00		104,410,000.00		410,563.32		0.00		410,563.32		0.00		0.00		104,410,000.00
A-2D	SR	$	20,400,000.00		20,400,000.00		82,030.67		0.00		82,030.67		0.00		0.00		20,400,000.00
M-1	SUB	$	53,900,000.00		53,900,000.00		221,049.89		0.00		221,049.89		0.00		0.00		53,900,000.00
M-2	SUB	$	45,080,000.00		45,080,000.00		185,679.51		0.00		185,679.51		0.00		0.00		45,080,000.00
M-3	SUB	$	15,680,000.00		15,680,000.00		65,002.31		0.00		65,002.31		0.00		0.00		15,680,000.00
M-4	SUB	$	31,850,000.00		31,850,000.00		136,565.72		0.00		136,565.72		0.00		0.00		31,850,000.00
M-5	SUB	$	15,190,000.00		15,190,000.00		65,401.39		0.00		65,401.39		0.00		0.00		15,190,000.00
M-6	SUB	$	11,270,000.00		11,270,000.00		49,024.50		0.00		49,024.50		0.00		0.00		11,270,000.00
B-1	SUB	$	20,090,000.00		20,090,000.00		96,320.39		0.00		96,320.39		0.00		0.00		20,090,000.00
B-2	SUB	$	9,800,000.00		9,800,000.00		47,856.67		0.00		47,856.67		0.00		0.00		9,800,000.00
B-3	SUB	$	9,800,000.00		9,800,000.00		51,776.67		0.00		51,776.67		0.00		0.00		9,800,000.00
TRUST	NOF/SUB	$	0.00		0.00		428,557.08		0.00		428,557.08		0.00		0.00		0.00


Total			980,000,000.00		848,676,112.99		3,824,766.77		32,089,969.47		35,914,736.24		0.00		0.00		816,586,143.52





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-1A	11/25/05		12/26/05		A-Act/360		805564RW3		305,690,000.00		826.019176		3.233406		39.591087		42.824494	786.428089
A-1B	11/25/05		12/26/05		A-Act/360		805564RX1		76,420,000.00		826.019176		3.262776		39.591087		42.853863	786.428089
A-2A	11/25/05		12/26/05		A-Act/360		805564RY9		220,760,000.00		706.268914		2.689315		76.833752		79.523067	629.435163
A-2B	11/25/05		12/26/05		A-Act/360		805564RZ6		39,660,000.00		1,000.000000		3.870000		0.000000		3.870000	1,000.000000
A-2C	11/25/05		12/26/05		A-Act/360		805564SA0		104,410,000.00		1,000.000000		3.932222		0.000000		3.932222	1,000.000000
A-2D	11/25/05		12/26/05		A-Act/360		805564SB8		20,400,000.00		1,000.000000		4.021111		0.000000		4.021111	1,000.000000
M-1	11/25/05		12/26/05		A-Act/360		805564SC6		53,900,000.00		1,000.000000		4.101111		0.000000		4.101111	1,000.000000
M-2	11/25/05		12/26/05		A-Act/360		805564SD4		45,080,000.00		1,000.000000		4.118889		0.000000		4.118889	1,000.000000
M-3	11/25/05		12/26/05		A-Act/360		805564SE2		15,680,000.00		1,000.000000		4.145555		0.000000		4.145555	1,000.000000
M-4	11/25/05		12/26/05		A-Act/360		805564SF9		31,850,000.00		1,000.000000		4.287778		0.000000		4.287778	1,000.000000
M-5	11/25/05		12/26/05		A-Act/360		805564SG7		15,190,000.00		1,000.000000		4.305556		0.000000		4.305556	1,000.000000
M-6	11/25/05		12/26/05		A-Act/360		805564SH5		11,270,000.00		1,000.000000		4.350000		0.000000		4.350000	1,000.000000
B-1	11/25/05		12/26/05		A-Act/360		805564SJ1		20,090,000.00		1,000.000000		4.794444		0.000000		4.794444	1,000.000000
B-2	11/25/05		12/26/05		A-Act/360		805564SK8		9,800,000.00		1,000.000000		4.883334		0.000000		4.883334	1,000.000000
B-3	11/25/05		12/26/05		A-Act/360		805564SL6		9,800,000.00		1,000.000000		5.283334		0.000000		5.283334	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 2005-2

Mortgage Pass-Through Certificates

2005-2

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-1A	305,690,000.00		6,204,134.80		64,056,763.95		1,230,033.57		65,286,797.52		71,490,932.32		0.00		0.00		240,403,202.48
A-1B	76,420,000.00		1,566,954.33		16,013,667.12		307,498.33		16,321,165.45		17,888,119.78		0.00		0.00		60,098,834.55
A-2A	220,760,000.00		4,126,596.59		80,355,726.67		1,450,166.84		81,805,893.51		85,932,490.10		0.00		0.00		138,954,106.49
A-2B	39,660,000.00		862,269.14		0.00		0.00		0.00		862,269.14		0.00		0.00		39,660,000.00
A-2C	104,410,000.00		2,311,246.27		0.00		0.00		0.00		2,311,246.27		0.00		0.00		104,410,000.00
A-2D	20,400,000.00		463,082.92		0.00		0.00		0.00		463,082.92		0.00		0.00		20,400,000.00
M-1	53,900,000.00		1,250,891.95		0.00		0.00		0.00		1,250,891.95		0.00		0.00		53,900,000.00
M-2	45,080,000.00		1,051,284.57		0.00		0.00		0.00		1,051,284.57		0.00		0.00		45,080,000.00
M-3	15,680,000.00		368,316.73		0.00		0.00		0.00		368,316.73		0.00		0.00		15,680,000.00
M-4	31,850,000.00		776,879.12		0.00		0.00		0.00		776,879.12		0.00		0.00		31,850,000.00
M-5	15,190,000.00		372,224.68		0.00		0.00		0.00		372,224.68		0.00		0.00		15,190,000.00
M-6	11,270,000.00		279,344.21		0.00		0.00		0.00		279,344.21		0.00		0.00		11,270,000.00
B-1	20,090,000.00		554,604.07		0.00		0.00		0.00		554,604.07		0.00		0.00		20,090,000.00
B-2	9,800,000.00		276,064.68		0.00		0.00		0.00		276,064.68		0.00		0.00		9,800,000.00
B-3	9,800,000.00		300,932.18		0.00		0.00		0.00		300,932.18		0.00		0.00		9,800,000.00
TRUST	0.00		8,094,824.08		0.00		0.00		0.00		8,094,824.08		0.00		0.00		0.00


Total	980,000,000.00		28,859,650.32		160,426,157.74		2,987,698.74		163,413,856.48		192,273,506.80		0.00		0.00		816,586,143.52


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-1A	4.40375%		252,505,801.99		988,419.93		0.00		0.00		0.00		988,419.93		988,419.93		0.00
A-1B	4.44375%		63,124,385.45		249,341.32		0.00		0.00		0.00		249,341.32		249,341.32		0.00
A-2A	4.28375%		155,915,925.55		593,693.20		0.00		0.00		0.00		593,693.20		593,693.20		0.00
A-2B	4.35375%		39,660,000.00		153,484.20		0.00		0.00		0.00		153,484.20		153,484.20		0.00
A-2C	4.42375%		104,410,000.00		410,563.32		0.00		0.00		0.00		410,563.32		410,563.32		0.00
A-2D	4.52375%		20,400,000.00		82,030.67		0.00		0.00		0.00		82,030.67		82,030.67		0.00
M-1	4.61375%		53,900,000.00		221,049.89		0.00		0.00		0.00		221,049.89		221,049.89		0.00
M-2	4.63375%		45,080,000.00		185,679.51		0.00		0.00		0.00		185,679.51		185,679.51		0.00
M-3	4.66375%		15,680,000.00		65,002.31		0.00		0.00		0.00		65,002.31		65,002.31		0.00
M-4	4.82375%		31,850,000.00		136,565.72		0.00		0.00		0.00		136,565.72		136,565.72		0.00
M-5	4.84375%		15,190,000.00		65,401.39		0.00		0.00		0.00		65,401.39		65,401.39		0.00
M-6	4.89375%		11,270,000.00		49,024.50		0.00		0.00		0.00		49,024.50		49,024.50		0.00
B-1	5.39375%		20,090,000.00		96,320.39		0.00		0.00		0.00		96,320.39		96,320.39		0.00
B-2	5.49375%		9,800,000.00		47,856.67		0.00		0.00		0.00		47,856.67		47,856.67		0.00
B-3	5.94375%		9,800,000.00		51,776.67		0.00		0.00		0.00		51,776.67		51,776.67		0.00
TRUST	0.00000%		0.00		0.00		127.92		0.00		0.00		-127.92		428,557.08		0.00


Total			848,676,112.99		3,396,209.69		127.92		0.00		0.00		3,396,081.77		3,824,766.77		0.00



Page 3 of 27
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

December 27, 2005 Distribution
Collection Account Report
SUMMARY

										Group 2		Group 1		Total
Principal Collections										16,186,562.20		14,436,703.21		30,623,265.41
Principal Withrawals										0.00		0.00		0.00
Principal Other Accounts										0.00		0.00		0.00
TOTAL NET PRINCIPAL										16,186,562.20		14,436,703.21		30,623,265.41
Interest Collections										2,554,180.62		2,541,429.09		5,095,609.71
Interest Withdrawals										403.00		-0.00		403.00
Interest Other Accounts										0.00		0.00		428,557.08
Interest Fees										-99,887.78		-100,235.73		-197,488.31
TOTAL NET INTEREST										2,454,695.84		2,441,193.36		5,327,081.48
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION										18,641,258.04		16,877,896.57		35,950,346.89
Retained Interest paid to SAXON Funding Management														35,610.65



PRINCIPAL - COLLECTIONS

											Group 2		Group 1		Total
Scheduled Principal Received											209,964.03		224,943.99		434,908.02
Curtailments											19,967.28		-34,478.68		-14,511.40
Prepayments In Full											15,956,630.89		14,246,237.90		30,202,868.79
Repurchased/Substitutions											0.00		0.00		0.00
Liquidations											0.00		0.00		0.00
Other Additional Principal											0.00		0.00		0.00
Delinquent Principal											-64,038.17		-59,446.93		-123,485.10
Realized Losses											-0.00		-0.00		-0.00
Advanced Principal											64,038.17		59,446.93		123,485.10
TOTAL PRINCIPAL COLLECTED											16,186,562.20		14,436,703.21		30,623,265.41


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



PRINCIPAL - OTHER ACCOUNTS

										Group 2		Group 1		Total
TOTAL PRINCIPAL OTHER ACCOUNTS										0.00		0.00		0.00





Page 4 of 27
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

December 27, 2005 Distribution

INTEREST - COLLECTIONS

										Group 2		Group 1		Total
Scheduled Interest										2,579,682.56		2,564,252.01		5,143,934.57
Repurchased/Substitution Interest										0.00		0.00		0.00
Liquidation Interest										0.00		0.00		0.00
Other Additional Interest										0.00		0.00		0.00
Prepayment Interest Shortfalls										-8,861.78		-8,405.72		-17,267.50
Delinquent Interest										-759,544.76		-680,834.54		-1,440,379.30
Compensating Interest										8,861.78		8,405.73		17,267.50
Civil Relief Act Shortfalls										-0.00		-127.92		-127.92
Interest Advanced										734,042.82		658,139.53		1,392,182.35
TOTAL INTEREST COLLECTED										2,554,180.62		2,541,429.09		5,095,609.71


INTEREST - WITHDRAWALS

										Group 2		Group 1		Total
TOTAL INTEREST WITHDRAWALS										-403.00		0.00		-403.00



INTEREST - OTHER ACCOUNTS

										Group 2		Group 1		Total
Prepayment Charges														428,557.08
TOTAL INTEREST OTHER ACCOUNTS										0.00		0.00		428,557.08



INTEREST - FEES

										Group 2		Group 1		Total
Current Servicing Fees										64,313.62		65,753.97		130,067.59
Master Servicing Fees										17,920.86		#######		35,610.65
PMI Insurance Fees										16,327.15		15,482.92		31,810.07
TOTAL INTEREST FEES										99,887.78		100,235.73		197,488.31




Page 5 of 27
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

December 27, 2005 Distribution
Credit Enhancement Report
ACCOUNTS


SPACE INTENTIONALLY LEFT BLANK





INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES

										Group 2		Group 1		Total
Overcollateralization Amount														7,446,324.91
Overcollateralization Target Amount														18,620,000.00
Overcollateralization Deficiency Amount														11,173,675.09
Overcollateralization Release Amount														0.00



Page 6 of 27
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

December 27, 2005 Distribution
Collateral Report


COLLATERAL



											Group 2		Group 1		Total



Loan Count:


Original										1,823		2,546		4,369
Prior										2,041		2,860		4,901
Prefunding										0		0		0
Scheduled Paid Offs										-0		-0		-0
Full Voluntary Prepayments										-64		-80		-144
Repurchases										-0		-0		-0
Liquidations										-0		-0		-0
Current										1,977		2,780		4,757
Principal Balance:


Original										390,226,485.44		386,788,598.24		777,015,083.68
Prior										430,100,673.74		424,555,060.10		854,655,733.84
Prefunding										0.00		0.00		0.00
Scheduled Principal										-209,964.03		-224,943.99		-434,908.02
Partial Prepayments										-19,967.28		(34,478.68)		(14,511.40)
Full Voluntary Prepayments										-15,956,630.89		-14,246,237.90		-30,202,868.79
Repurchases										-0.00		-0.00		-0.00
Liquidations										-0.00		-0.00		-0.00
Current										413,914,111.54		410,118,356.89		824,032,468.43





PREFUNDING

										Group 2		Group 1		Total
Prefunding Account Original Balance										101,762,791.96		101,222,124.36		202,984,916.32
Prefunding Account Month Begining Balance										0.00		0.00		0.00
Subsequent Loans Added to the Pool for the month										0.00		0.00		0.00
Prefunding Release to Certificate Holders										0.00		0.00		0.00
Prefunding Account Month Ending Balance										0.00		0.00		0.00





Page 7 of 27
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

December 27, 2005 Distribution

CHARACTERISTICS

										Group 2		Group 1		Total
Weighted Average Coupon Original										7.24493%		7.26906%		7.25694%
Weighted Average Coupon Prior										7.20654%		7.25283%		7.22948%
Weighted Average Coupon Current										7.19742%		7.24750%		7.22230%
Weighted Average Months to Maturity Original										354		353		353
Weighted Average Months to Maturity Prior										350		348		349
Weighted Average Months to Maturity Current										349		347		348
Weighted Avg Remaining Amortization Term Original										354		353		353
Weighted Avg Remaining Amortization Term Prior										350		348		349
Weighted Avg Remaining Amortization Term Current										349		347		348
Weighted Average Seasoning Original										2.08		1.98		2.03
Weighted Average Seasoning Prior										6.55		6.52		6.54
Weighted Average Seasoning Current										7.51		7.52		7.52









Page 8 of 27
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

December 27, 2005 Distribution

ARM CHARACTERISTICS

										Group 2		Group 1		Total
Weighted Average Margin Original										5.91351%		5.88930%		5.90177%
Weighted Average Margin Prior										5.86210%		5.85584%		5.85908%
Weighted Average Margin Current										5.84911%		5.84802%		5.84858%
Weighted Average Max Rate Original										13.27073%		13.25885%		13.26497%
Weighted Average Max Rate Prior										13.23005%		13.24191%		13.23578%
Weighted Average Max Rate Current										13.22136%		13.23332%		13.22714%
Weighted Average Min Rate Original										6.38330%		6.34020%		6.36240%
Weighted Average Min Rate Prior										6.33681%		6.32119%		6.32927%
Weighted Average Min Rate Current										6.32628%		6.31362%		6.32016%
Weighted Average Cap Up Original										1.02746%		1.01880%		1.02326%
Weighted Average Cap Up Prior										1.02954%		1.01984%		1.02486%
Weighted Average Cap Up Current										1.03035%		1.01990%		1.02530%
Weighted Average Cap Down Original										1.02746%		1.01880%		1.02326%
Weighted Average Cap Down Prior										1.02954%		1.01984%		1.02486%
Weighted Average Cap Down Current										1.03035%		1.01990%		1.02530%




SERVICING FEES & ADVANCES

											Group 2		Group 1		Total




Current Servicing Fees										64,313.62		65,753.97		130,067.59
Delinquent Servicing Fees										25,283.41		22,695.00		47,978.41
TOTAL SERVICING FEES										92,038.40		91,645.81		183,684.21


Servicing Fees										92,038.40		91,645.81		183,684.21
Master Servicing Fees										17,920.86		17,689.79		35,610.65
Total Servicing Fees (incl. Master Servicing Fees)										107,517.89		106,138.77		213,656.65
Compensating Interest										-8,861.78		-8,405.73		-17,267.50
Delinquent Servicing Fees										-25,283.41		-22,695.00		-47,978.41
COLLECTED SERVICING FEES										73,366.64		75,038.04		148,404.68

Total Advanced Interest										734,042.82		658,139.53		1,392,182.35
Total Advanced Principal										64,038.17		59,446.93		123,485.10
Aggregate Advances with respect to this Distribution										93,295.46		105,986.36		199,281.82





ADDITIONAL COLLATERAL INFORMATION
										Group 2		Group 1		Total
Prepayment Interest Shortfall (PPIS)										8,861.78		8,405.72		17,267.50
Compensating Interest										-8,861.78		-8,405.73		-17,267.50
Net Prepayment Interest Shortfall (PPIS)										0.00		0.00		0.00

Libor For Current Period														4.1938%
Libor For Next Period														4.3788%
Retained Interest paid to SAXON Funding Management														35,610.65




Page 9 of 27
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

December 27, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				12,230,081.19		4,147,778.54		2,400,328.66		18,778,188.39
			% Balance				1.48%		0.50%		0.29%		2.28%
			# Loans				75		28		10		113
			% # Loans				1.58%		0.59%		0.21%		2.38%
	FORECLOSURE		Balance		122,740.06		627,628.70		398,759.10		5,601,366.31		6,750,494.17
			% Balance		0.01%		0.08%		0.05%		0.68%		0.82%
			# Loans		1		4		3		39		47
			% # Loans		0.02%		0.08%		0.06%		0.82%		0.99%
	BANKRUPTCY		Balance		1,353,312.84		209,011.53		390,962.10		1,505,238.21		3,458,524.68
			% Balance		0.16%		0.03%		0.05%		0.18%		0.42%
			# Loans		8		2		2		7		19
			% # Loans		0.17%		0.04%		0.04%		0.15%		0.40%
	REO		Balance		0.00		0.00		0.00		281,114.53		281,114.53
			% Balance		0.00%		0.00%		0.00%		0.03%		0.03%
			# Loans		0		0		0		1		1
			% # Loans		0.00%		0.00%		0.00%		0.02%		0.02%
	TOTAL		Balance		1,476,052.90		13,066,721.42		4,937,499.74		9,788,047.71		29,268,321.77
			% Balance		0.18%		1.59%		0.60%		1.19%		3.55%
			# Loans		9		81		33		57		180
			% # Loans		0.19%		1.70%		0.69%		1.20%		3.78%








Page 10 of 27
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

December 27, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				6,400,206.58		2,059,072.86		773,574.02		9,232,853.46
			% Balance				1.56%		0.50%		0.19%		2.25%
			# Loans				49		15		6		70
			% # Loans				1.76%		0.54%		0.22%		2.52%
	FORECLOSURE		Balance		0.00		308,583.37		0.00		2,546,149.52		2,854,732.89
			% Balance		0.00%		0.08%		0.00%		0.62%		0.70%
			# Loans		0		2		0		21		23
			% # Loans		0.00%		0.07%		0.00%		0.76%		0.83%
	BANKRUPTCY		Balance		733,390.26		209,011.53		390,962.10		492,460.72		1,825,824.61
			% Balance		0.18%		0.05%		0.10%		0.12%		0.45%
			# Loans		4		2		2		2		10
			% # Loans		0.14%		0.07%		0.07%		0.07%		0.36%
	REO		Balance		0.00		0.00		0.00		281,114.53		281,114.53
			% Balance		0.00%		0.00%		0.00%		0.07%		0.07%
			# Loans		0		0		0		1		1
			% # Loans		0.00%		0.00%		0.00%		0.04%		0.04%
	TOTAL		Balance		733,390.26		6,917,801.48		2,450,034.96		4,093,298.79		14,194,525.49
			% Balance		0.18%		1.69%		0.60%		1.00%		3.46%
			# Loans		4		53		17		30		104
			% # Loans		0.14%		1.91%		0.61%		1.08%		3.74%










Page 11 of 27
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

December 27, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				5,829,874.61		2,088,705.68		1,626,754.64		9,545,334.93
			% Balance				1.41%		0.50%		0.39%		2.31%
			# Loans				26		13		4		43
			% # Loans				1.32%		0.66%		0.20%		2.18%
	FORECLOSURE		Balance		122,740.06		319,045.33		398,759.10		3,055,216.79		3,895,761.28
			% Balance		0.03%		0.08%		0.10%		0.74%		0.94%
			# Loans		1		2		3		18		24
			% # Loans		0.05%		0.10%		0.15%		0.91%		1.21%
	BANKRUPTCY		Balance		619,922.58		0.00		0.00		1,012,777.49		1,632,700.07
			% Balance		0.15%		0.00%		0.00%		0.24%		0.39%
			# Loans		4		0		0		5		9
			% # Loans		0.20%		0.00%		0.00%		0.25%		0.46%
	REO		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		742,662.64		6,148,919.94		2,487,464.78		5,694,748.92		15,073,796.28
			% Balance		0.18%		1.49%		0.60%		1.38%		3.64%
			# Loans		5		28		16		27		76
			% # Loans		0.25%		1.42%		0.81%		1.37%		3.84%









Page 12 of 27
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

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
11848943 1
			284,000.00		281,114.53		01-Mar-2005		6.999%		MA - 80.00%		360		01-Jan-2005



TOTAL			284,000.00		281,114.53


Page 13 of 27
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

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
11824420 1
			100,000.00		100,000.00		01-Jun-2005		6.350%		IL - 80.00%		360		01-Mar-2005

11828041 1			148,700.00		147,651.12		01-May-2005		7.900%		WI - 84.97%		360		01-Mar-2005
11828266 1			55,550.00		53,948.60		01-Jul-2005		9.990%		AR - 55.00%		180		01-Feb-2005
11829644 1			75,000.00		74,457.62		01-May-2005		7.250%		PA - 76.53%		360		01-Apr-2005
11835470 1			50,000.00		49,738.76		01-Apr-2005		8.850%		SC - 83.33%		360		01-Apr-2005
11844127 1			126,000.00		125,186.73		01-Mar-2005		7.800%		OH - 84.56%		360		01-Apr-2005
11847204 1			79,200.00		79,200.00		01-Jun-2005		6.750%		OH - 90.00%		360		01-Apr-2005
11847350 1			104,000.00		103,580.75		01-May-2005		10.100%		MI - 65.00%		360		01-Apr-2005
11850021 1			54,400.00		54,144.49		01-May-2005		8.100%		TX - 79.42%		360		01-Jun-2005
11853019 1			189,000.00		188,039.45		01-Jul-2005		8.390%		CT - 79.41%		360		01-May-2005
11859888 1			134,925.00		134,013.15		01-Jul-2005		6.950%		OH - 75.00%		360		01-May-2005
11861254 1			122,500.00		121,694.99		01-May-2005		8.900%		CO - 87.50%		360		01-Feb-2005
11861571 1			214,560.00		213,533.43		01-Jul-2005		8.250%		WA - 90.00%		360		01-May-2005
11863065 1			148,000.00		147,037.98		01-Jun-2005		7.150%		MS - 100.00%		360		01-May-2005
11863233 1			98,000.00		98,000.00		01-May-2005		8.750%		UT - 100.00%		360		01-Jun-2005
11863440 1			124,450.00		123,774.28		01-Jul-2005		7.375%		VA - 95.00%		360		01-Jun-2005
11863630 1			70,480.00		70,186.89		01-May-2005		8.700%		TX - 80.00%		360		01-Jun-2005
11863873 1			214,900.00		213,645.12		01-Sep-2005		7.000%		MD - 74.62%		360		01-Jun-2005
11866388 1			95,400.00		94,938.25		01-Sep-2005		7.950%		NC - 90.00%		360		01-Jun-2005
11873405 1			119,000.00		118,395.83		01-Jul-2005		8.990%		MD - 85.00%		360		01-Apr-2005
11873416 1			340,000.00		337,873.30		01-Jul-2005		8.500%		CA - 85.00%		360		01-Mar-2005
11875647 1			140,000.00		139,502.73		01-Jun-2005		8.700%		WI - 57.14%		360		01-Jul-2005
11876564 1			66,400.00		66,189.42		01-Jul-2005		9.250%		MI - 80.00%		360		01-Jul-2005
11142330 2			88,000.00		84,265.35		01-Jul-2005		10.250%		KY - 88.00%		360		01-Feb-2000
11688879 2			55,250.00		51,659.39		01-Mar-2005		7.950%		MT - 85.00%		180		01-May-2004
11831868 2			81,760.00		81,171.11		01-Jun-2005		7.800%		WI - 80.00%		360		01-Mar-2005
11832363 2			195,000.00		195,000.00		01-Sep-2005		6.750%		CA - 75.00%		360		01-Mar-2005
11833697 2			64,000.00		62,797.92		01-Jun-2005		8.450%		GA - 58.72%		240		01-Mar-2005
11834901 2			159,000.00		158,003.93		01-Jul-2005		7.950%		CT - 39.75%		360		01-Apr-2005
11846162 2			91,000.00		90,472.86		01-Jun-2005		7.750%		IN - 100.00%		360		01-May-2005
11847293 2			150,000.00		149,102.94		01-Aug-2005		8.725%		CA - 69.77%		360		01-Mar-2005
11848489 2			124,000.00		122,740.06		01-Dec-2005		6.999%		FL - 80.00%		360		01-Jan-2005
11850512 2			269,100.00		267,635.76		01-Jul-2005		8.650%		NC - 90.00%		360		01-Apr-2005
11851245 2			77,250.00		76,899.90		01-Apr-2005		8.950%		LA - 75.00%		360		01-May-2005
11852092 2			156,000.00		155,062.59		01-Apr-2005		7.550%		SC - 80.00%		360		01-May-2005
11854122 2			124,500.00		124,045.33		01-Sep-2005		9.990%		DE - 60.00%		360		01-May-2005
11855886 2			117,200.00		116,646.63		01-May-2005		8.750%		AZ - 80.00%		360		01-May-2005
11856652 2			112,050.00		111,572.55		01-Aug-2005		9.250%		CT - 83.00%		360		01-May-2005
11859901 2			82,000.00		81,641.14		01-May-2005		8.450%		NY - 21.30%		360		01-Jun-2005
11862295 2			298,862.00		298,862.00		01-May-2005		6.015%		CA - 90.00%		360		01-Jun-2005
11862310 2			415,000.00		412,519.44		01-Jul-2005		8.275%		VA - 41.50%		360		01-May-2005
11865522 2			196,650.00		196,650.00		01-Jun-2005		7.900%		CA - 69.00%		360		01-Jul-2005
11869487 2			138,957.00		138,083.61		01-Aug-2005		6.620%		MI - 90.00%		360		01-Jun-2005
11872660 2			340,000.00		337,875.34		01-May-2005		6.650%		CA - 73.91%		360		01-Jun-2005
11872967 2			106,700.00		106,276.23		01-Jul-2005		8.150%		OH - 82.08%		360		01-Jul-2005
11877298 2			192,450.00		191,752.38		01-Jun-2005		8.600%		FL - 75.00%		360		01-Jul-2005
11884093 2			286,400.00		285,024.82		01-May-2005		7.990%		NC - 80.00%		360		01-Jun-2005


TOTAL			6,791,594.00		6,750,494.17


Page 14 of 27
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

December 27, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS


											Group 2		Group 1		Total




Current


Number of Paid in Full Loans										64		80		144
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										64		80		144
Curtailments Amount										19,967.28		-34,478.68		-14,511.40
Paid in Full Balance										15,956,630.89		14,246,237.90		30,202,868.79
Repurchased Loans Balance										0.00		0.00		0.00
Total Prepayment Amount										15,976,598.17		14,211,759.22		30,188,357.39

Cumulative


Number of Paid in Full Loans										303		424		727
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										303		424		727
Paid in Full Balance										76,215,402.92		75,930,552.41		152,145,955.33
Repurchased Loans Balance										0.00		0.00		0.00
Curtailments Amount										147,838.97		338,771.52		486,610.49
Total Prepayment Amount										76,363,241.89		76,269,323.93		152,632,565.82










Page 15 of 27
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

December 27, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES


											Group 2		Group 1		Total



SMM										3.72%		3.35%		3.53%
3 Months Avg SMM										3.66%		3.42%		3.54%
12 Months Avg SMM										2.45%		2.49%		2.47%
Avg SMM Since Cut-off										2.45%		2.49%		2.47%


CPR										36.52%		33.55%		35.06%
3 Months Avg CPR										36.06%		34.11%		35.10%
12 Months Avg CPR										25.74%		26.10%		25.92%
Avg CPR Since Cut-off										25.74%		26.10%		25.92%


PSA										2,432.54%		2,229.58%		2,332.63%
3 Months Avg PSA Approximation										2,756.27%		2,613.95%		2,686.22%
12 Months Avg PSA Approximation										2,736.22%		2,804.69%		2,770.03%
Avg PSA Since Cut-off Approximation										2,736.23%		2,804.68%		2,770.03%










Page 16 of 27
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

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 2005-2

Mortgage Pass-Through Certificates

2005-2

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

11650783 2			342,400.00		342,082.79			30-Nov-2005		8.500%		CA - 80.00%		Paid Off - 360		01-Dec-2003

11706430 2			166,900.00		166,687.74			07-Dec-2005		8.150%		CA - 92.72%		Paid Off - 240		01-Jun-2004
11799550 2			620,000.00		616,268.19			16-Dec-2005		8.150%		NJ - 74.70%		Paid Off - 360		01-Mar-2005
11825734 1			128,000.00		128,000.00			13-Dec-2005		7.900%		GA - 75.29%		Paid Off - 360		01-Apr-2005
11828984 2			208,000.00		205,921.52			28-Nov-2005		6.100%		FL - 80.00%		Paid Off - 360		01-Feb-2005
11831290 2			608,000.00		608,000.00			05-Dec-2005		7.300%		CA - 80.00%		Paid Off - 360		01-Mar-2005
11831826 2			175,000.00		173,887.21			06-Dec-2005		7.875%		CA - 62.50%		Paid Off - 360		01-Mar-2005
11833726 2			360,000.00		357,854.76			29-Nov-2005		8.200%		OK - 75.00%		Paid Off - 360		01-Mar-2005
11834035 2		FCL	315,000.00		313,387.72			13-Dec-2005		8.950%		CA - 69.23%		Paid Off - 360		01-Mar-2005
11834249 2			236,000.00		235,998.62			13-Dec-2005		7.150%		CA - 80.00%		Paid Off - 360		01-Mar-2005
11834824 1			259,000.00		257,361.21			29-Nov-2005		7.900%		CA - 70.00%		Paid Off - 360		01-Mar-2005
11835259 2			252,000.00		251,844.02			16-Dec-2005		8.075%		CA - 90.00%		Paid Off - 360		01-Mar-2005
11835755 2			158,400.00		157,315.12			16-Dec-2005		7.500%		AZ - 80.00%		Paid Off - 360		01-Mar-2005
11836045 2			104,000.00		103,362.55			28-Nov-2005		6.750%		OR - 80.00%		Paid Off - 360		01-May-2005
11836847 1			273,000.00		272,045.47			22-Nov-2005		6.350%		MD - 76.90%		Paid Off - 360		01-Mar-2005
11837434 1			155,000.00		153,515.27			02-Dec-2005		5.750%		CA - 69.20%		Paid Off - 360		01-Mar-2005
11838091 2			145,900.00		144,550.99			23-Nov-2005		5.950%		MD - 66.32%		Paid Off - 360		01-Mar-2005
11838729 1			200,000.00		198,786.23			23-Nov-2005		7.500%		CA - 67.57%		Paid Off - 360		01-Apr-2005
11840102 2			220,000.00		220,000.00			18-Nov-2005		7.950%		CA - 80.00%		Paid Off - 360		01-Mar-2005
11841586 2			175,500.00		174,349.40			30-Nov-2005		6.400%		MD - 80.50%		Paid Off - 360		01-May-2005
11841727 2			137,600.00		137,600.00			09-Dec-2005		8.000%		MD - 80.00%		Paid Off - 360		01-Apr-2005
11841843 2			242,250.00		242,248.26			01-Dec-2005		7.750%		NY - 85.00%		Paid Off - 360		01-Apr-2005
11841925 2			131,920.00		131,326.94			06-Dec-2005		8.990%		MD - 80.00%		Paid Off - 360		01-Apr-2005
11842791 2			58,500.00		58,139.97			07-Dec-2005		8.450%		IN - 75.00%		Paid Off - 360		01-Apr-2005
11843064 2			116,000.00		115,405.89			13-Dec-2005		8.350%		FL - 74.84%		Paid Off - 360		01-Apr-2005
11844006 1			151,050.00		150,146.82			30-Nov-2005		7.700%		IL - 95.00%		Paid Off - 360		01-Apr-2005
11844237 1			275,000.00		274,897.00			09-Dec-2005		7.950%		CA - 78.57%		Paid Off - 360		01-Apr-2005
11844412 1			54,412.00		54,157.38			29-Nov-2005		8.650%		TX - 74.54%		Paid Off - 360		01-May-2005
11844915 1			175,000.00		174,946.99			05-Dec-2005		6.500%		CA - 69.44%		Paid Off - 360		01-Apr-2005
11845012 2			136,000.00		135,327.91			21-Nov-2005		7.050%		SC - 83.49%		Paid Off - 360		01-Jun-2005
11845554 2			467,000.00		463,773.68			23-Nov-2005		6.125%		WA - 68.68%		Paid Off - 360		01-May-2005
11845918 1			148,000.00		148,000.00			16-Dec-2005		6.187%		NV - 80.00%		Paid Off - 360		01-May-2005
11846091 2			191,600.00		191,600.00			18-Nov-2005		6.600%		MD - 80.00%		Paid Off - 360		01-May-2005
11846439 1			178,500.00		177,395.18			18-Nov-2005		7.400%		MD - 85.00%		Paid Off - 360		01-Apr-2005
11846768 2			51,750.00		51,438.86			22-Nov-2005		6.850%		FL - 69.00%		Paid Off - 360		01-May-2005
11846800 2			120,000.00		119,366.53			14-Dec-2005		8.200%		GA - 80.00%		Paid Off - 360		01-Apr-2005
11847702 2			431,250.00		428,075.87			14-Dec-2005		7.000%		NY - 75.00%		Paid Off - 360		01-May-2005
11848225 1			308,000.00		308,000.00			02-Dec-2005		6.900%		CA - 80.00%		Paid Off - 360		01-Apr-2005
11848496 2			108,000.00		102,867.71			01-Dec-2005		7.125%		IL - 80.00%		Paid Off - 360		01-Jan-2005
11848802 1			172,800.00		172,800.00			28-Nov-2005		6.600%		FL - 80.00%		Paid Off - 360		01-Apr-2005
11849314 1			132,300.00		132,100.00			29-Nov-2005		6.950%		VA - 90.00%		Paid Off - 360		01-May-2005


Page 18 of 27
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

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

11849683 2			307,500.00		307,488.87			05-Dec-2005		7.450%		CA - 84.25%		Paid Off - 360		01-Feb-2005

11849735 1			148,000.00		148,000.00			12-Dec-2005		7.450%		FL - 89.70%		Paid Off - 360		01-Apr-2005
11849844 1			177,600.00		176,615.36			21-Nov-2005		8.000%		NV - 80.00%		Paid Off - 360		01-Apr-2005
11850807 2			279,920.00		279,851.19			16-Dec-2005		5.900%		MD - 80.00%		Paid Off - 360		01-May-2005
11851298 2			184,000.00		183,894.22			21-Nov-2005		6.900%		MD - 80.00%		Paid Off - 360		01-May-2005
11851514 1			178,500.00		177,600.82			30-Nov-2005		7.750%		CA - 85.00%		Paid Off - 360		01-May-2005
11851755 1			352,000.00		352,000.00			13-Dec-2005		7.650%		FL - 80.00%		Paid Off - 360		01-May-2005
11851881 1			243,800.00		242,091.13			15-Dec-2005		6.200%		HI - 77.33%		Paid Off - 360		01-May-2005
11852727 1			73,000.00		72,717.45			16-Dec-2005		9.050%		FL - 67.59%		Paid Off - 360		01-May-2005
11852737 1			283,500.00		283,437.83			28-Nov-2005		6.150%		CA - 90.00%		Paid Off - 360		01-Apr-2005
11852779 1			203,000.00		201,485.18			06-Dec-2005		6.700%		GA - 70.00%		Paid Off - 360		01-May-2005
11852966 2			125,000.00		124,291.14			06-Dec-2005		7.150%		NC - 77.64%		Paid Off - 360		01-May-2005
11853366 1			216,000.00		216,000.00			09-Dec-2005		5.990%		CA - 67.50%		Paid Off - 360		01-Jun-2005
11853396 2			346,000.00		344,260.55			09-Dec-2005		7.760%		CA - 69.53%		Paid Off - 360		01-May-2005
11853830 1			94,500.00		94,500.00			07-Dec-2005		6.400%		OH - 70.00%		Paid Off - 360		01-Apr-2005
11853887 2			75,000.00		73,006.29			02-Dec-2005		6.625%		OH - 66.96%		Paid Off - 180		01-Apr-2005
11853976 1			64,994.25		64,682.84			13-Dec-2005		8.000%		FL - 75.00%		Paid Off - 360		01-May-2005
11854396 2			360,000.00		359,947.29			07-Dec-2005		6.750%		VA - 90.00%		Paid Off - 360		01-May-2005
11854628 1			198,000.00		197,924.27			09-Dec-2005		7.650%		CA - 74.16%		Paid Off - 360		01-May-2005
11854675 1			141,000.00		140,344.41			29-Nov-2005		8.150%		PA - 75.00%		Paid Off - 360		01-May-2005
11854900 1			153,000.00		151,228.92			30-Nov-2005		7.400%		MD - 68.92%		Paid Off - 360		01-May-2005
11854997 1			119,920.00		119,077.57			01-Dec-2005		6.750%		FL - 80.00%		Paid Off - 360		01-Apr-2005
11855196 1			106,000.00		105,379.07			15-Dec-2005		7.300%		IL - 59.89%		Paid Off - 360		01-May-2005
11855361 2			222,300.00		220,989.25			28-Nov-2005		6.950%		FL - 95.00%		Paid Off - 360		01-May-2005
11855512 1			318,750.00		316,815.03			29-Nov-2005		6.800%		CA - 85.00%		Paid Off - 360		01-May-2005
11855978 2			135,000.00		134,391.01			29-Nov-2005		8.300%		GA - 75.00%		Paid Off - 360		01-May-2005
11856758 2			382,000.00		382,000.00			15-Dec-2005		7.420%		MD - 78.76%		Paid Off - 360		01-Jun-2005
11856792 2			130,400.00		129,774.23			01-Dec-2005		7.200%		KS - 80.00%		Paid Off - 360		01-Jun-2005
11857446 2			185,600.00		185,600.00			06-Dec-2005		7.150%		MD - 80.00%		Paid Off - 360		01-Jun-2005
11857562 2			160,000.00		159,361.30			09-Dec-2005		8.900%		MD - 80.00%		Paid Off - 360		01-May-2005
11857610 2			270,000.00		267,080.63			14-Dec-2005		7.250%		CA - 90.00%		Paid Off - 360		01-Apr-2005
11857616 1			77,000.00		76,373.88			02-Dec-2005		5.990%		CA - 40.53%		Paid Off - 360		01-Apr-2005
11858023 1			279,000.00		279,000.00			02-Dec-2005		6.650%		VA - 89.71%		Paid Off - 360		01-May-2005
11858217 2			99,000.00		98,496.33			09-Dec-2005		7.700%		MD - 70.71%		Paid Off - 360		01-May-2005
11858851 2			420,000.00		420,000.00			18-Nov-2005		6.600%		CA - 76.36%		Paid Off - 360		01-May-2005
11859031 2			333,600.00		333,600.00			15-Dec-2005		6.700%		CA - 80.00%		Paid Off - 360		01-May-2005
11859716 1			149,600.00		148,600.29			02-Dec-2005		6.300%		NC - 80.00%		Paid Off - 360		01-May-2005
11859961 1			262,500.00		262,500.00			22-Nov-2005		7.200%		MD - 75.00%		Paid Off - 360		01-May-2005
11860714 1			137,920.00		137,875.75			23-Nov-2005		7.700%		IL - 78.86%		Paid Off - 360		01-May-2005
11861430 1			112,000.00		111,483.28			22-Nov-2005		7.400%		IL - 80.00%		Paid Off - 360		01-Jun-2005
11861470 2			524,000.00		524,000.00			18-Nov-2005		7.375%		CA - 80.00%		Paid Off - 360		01-May-2005
11861569 1			228,000.00		227,305.25			02-Dec-2005		7.700%		CA - 80.00%		Paid Off - 360		01-May-2005
11861990 1			180,000.00		171,870.90			15-Dec-2005		7.250%		NV - 90.00%		Paid Off - 360		01-May-2005


Page 19 of 27
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

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

11862131 2			100,000.00		#######			01-Dec-2005		7.806%		VA - 80.00%		Paid Off - 360		01-May-2005

11862140 2			98,000.00		97,461.10			15-Dec-2005		6.500%		VA - 74.81%		Paid Off - 360		01-Jun-2005
11862155 1			115,600.00		115,600.00			22-Nov-2005		8.500%		FL - 85.00%		Paid Off - 360		01-Jun-2005
11862344 2			465,500.00		465,499.02			22-Nov-2005		6.500%		MD - 95.00%		Paid Off - 360		01-May-2005
11862566 1			258,750.00		258,750.00			29-Nov-2005		5.590%		MD - 75.00%		Paid Off - 360		01-May-2005
11863260 1			195,000.00		193,967.78			22-Nov-2005		7.500%		FL - 84.78%		Paid Off - 360		01-May-2005
11863465 2			196,300.00		195,563.37			05-Dec-2005		8.450%		CA - 65.00%		Paid Off - 360		01-Jun-2005
11863560 1			172,000.00		172,000.00			15-Dec-2005		7.700%		NV - 80.00%		Paid Off - 360		01-Jun-2005
11863602 1			210,643.00		210,643.00			05-Dec-2005		5.600%		MD - 74.43%		Paid Off - 360		01-Jun-2005
11863697 2			185,600.00		184,395.45			01-Dec-2005		5.625%		IL - 80.00%		Paid Off - 360		01-Jun-2005
11864024 2			432,000.00		430,433.95			28-Nov-2005		8.600%		NY - 75.00%		Paid Off - 360		01-Jun-2005
11864239 2			549,500.00		547,460.71			23-Nov-2005		9.300%		NY - 70.00%		Paid Off - 360		01-Jun-2005
11864317 2			159,996.00		158,924.95			29-Nov-2005		6.999%		WA - 80.00%		Paid Off - 360		01-Apr-2005
11864995 1			235,000.00		235,000.00			12-Dec-2005		6.600%		CA - 81.60%		Paid Off - 360		01-Jun-2005
11865317 1			351,000.00		349,605.91			30-Nov-2005		8.150%		NC - 90.00%		Paid Off - 360		01-Jun-2005
11865961 1			136,000.00		135,334.47			12-Dec-2005		7.100%		AZ - 80.00%		Paid Off - 360		01-Jun-2005
11865971 1			108,000.00		107,394.69			14-Dec-2005		6.400%		FL - 78.83%		Paid Off - 360		01-Jun-2005
11866319 1			135,000.00		134,157.10			15-Dec-2005		6.100%		GA - 84.38%		Paid Off - 360		01-Jun-2005
11868418 2			213,600.00		212,809.71			30-Nov-2005		8.500%		MD - 80.00%		Paid Off - 360		01-Jun-2005
11868487 1			97,750.00		97,750.00			23-Nov-2005		7.100%		FL - 85.00%		Paid Off - 360		01-Jun-2005
11869017 2			353,437.00		353,437.00			07-Dec-2005		6.750%		GA - 75.00%		Paid Off - 360		01-Jun-2005
11869216 1			200,000.00		198,908.76			21-Nov-2005		6.800%		FL - 22.22%		Paid Off - 360		01-Jul-2005
11869255 1			270,000.00		270,000.00			18-Nov-2005		8.450%		CA - 75.00%		Paid Off - 360		01-Jul-2005
11869846 2			215,000.00		214,999.86			09-Dec-2005		5.990%		CA - 59.72%		Paid Off - 360		01-Jun-2005
11869896 1			122,500.00		122,134.34			23-Nov-2005		9.800%		NJ - 70.00%		Paid Off - 360		01-Jun-2005
11870503 1			112,600.00		112,424.13			28-Nov-2005		11.725%		VA - 66.24%		Paid Off - 360		01-Jul-2005
11870588 2			535,500.00		535,500.00			06-Dec-2005		7.250%		CA - 85.00%		Paid Off - 360		01-Jun-2005
11871006 1			208,000.00		206,865.15			12-Dec-2005		6.540%		MD - 80.00%		Paid Off - 360		01-Jun-2005
11871478 1			265,000.00		263,879.49			05-Dec-2005		6.900%		CA - 47.07%		Paid Off - 360		01-Jul-2005
11871832 1			132,600.00		131,808.92			21-Nov-2005		8.450%		HI - 88.99%		Paid Off - 300		01-Jun-2005
11872345 2			238,000.00		237,761.67			30-Nov-2005		7.100%		MD - 82.07%		Paid Off - 360		01-Jul-2005
11872470 1			212,250.00		212,081.45			28-Nov-2005		7.600%		AZ - 75.00%		Paid Off - 360		01-Jun-2005
11872629 1			100,750.00		99,486.00			28-Nov-2005		9.750%		PA - 65.00%		Paid Off - 180		01-Jul-2005
11872698 1			130,500.00		130,500.00			01-Dec-2005		7.300%		FL - 82.59%		Paid Off - 360		01-Jul-2005
11873285 2			369,000.00		369,000.00			22-Nov-2005		7.050%		MD - 90.00%		Paid Off - 360		01-Jul-2005
11873378 1			342,800.00		342,588.04			18-Nov-2005		6.990%		MA - 76.18%		Paid Off - 360		01-May-2005
11873391 1			144,900.00		144,249.77			21-Nov-2005		8.999%		IL - 90.00%		Paid Off - 360		01-Apr-2005
11873407 1			117,600.00		117,043.75			02-Dec-2005		8.999%		MD - 80.00%		Paid Off - 360		01-Apr-2005
11873780 1			221,000.00		221,000.00			29-Nov-2005		7.500%		CA - 71.99%		Paid Off - 360		01-Jul-2005
11874352 2			200,000.00		198,416.75			13-Dec-2005		8.200%		MD - 67.80%		Paid Off - 360		01-Jul-2005
11874534 1			144,000.00		143,537.53			01-Dec-2005		7.150%		NJ - 80.00%		Paid Off - 360		01-Aug-2005
11874599 1			252,000.00		251,791.36			15-Dec-2005		7.450%		CA - 70.00%		Paid Off - 360		01-Jul-2005
11874796 1			86,250.00		85,925.93			06-Dec-2005		7.500%		MN - 75.00%		Paid Off - 360		01-Jul-2005


Page 20 of 27
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

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

11875417 2			103,500.00		103,118.74			28-Nov-2005		7.600%		WI - 90.00%		Paid Off - 360		01-Jul-2005

11875884 1			50,000.00		49,824.79			16-Dec-2005		7.850%		IL - 41.67%		Paid Off - 360		01-Jul-2005
11875973 1			96,930.00		96,514.09			02-Dec-2005		6.825%		GA - 90.00%		Paid Off - 360		01-Jul-2005
11876341 1			229,500.00		229,500.00			21-Nov-2005		7.200%		MD - 85.00%		Paid Off - 360		01-Jul-2005
11876831 1			167,200.00		166,693.96			22-Nov-2005		7.450%		NJ - 80.00%		Paid Off - 360		01-Aug-2005
11876853 1			133,110.00		132,511.29			09-Dec-2005		6.850%		WI - 90.00%		Paid Off - 360		01-Jul-2005
11878010 1			256,000.00		255,049.79			15-Dec-2005		7.575%		MD - 80.00%		Paid Off - 360		01-Jul-2005
11878533 1			160,000.00		160,000.00			21-Nov-2005		7.300%		CA - 56.14%		Paid Off - 360		01-Jul-2005
11878647 2			161,968.00		161,485.44			02-Dec-2005		8.650%		UT - 80.00%		Paid Off - 360		01-Jul-2005
11880328 1			320,000.00		320,000.00			16-Dec-2005		6.850%		CA - 89.14%		Paid Off - 360		01-Aug-2005
11880476 2			230,000.00		230,000.00			22-Nov-2005		8.122%		CA - 68.86%		Paid Off - 360		01-Aug-2005
11880478 1			116,200.00		115,819.40			01-Dec-2005		7.050%		WI - 80.00%		Paid Off - 360		01-Aug-2005
11880803 2			384,300.00		384,163.70			14-Dec-2005		6.950%		MD - 90.00%		Paid Off - 360		01-Jul-2005
11880880 1			89,600.00		89,366.73			16-Dec-2005		8.200%		WA - 80.00%		Paid Off - 360		01-Aug-2005
11882668 1			195,750.00		195,372.35			05-Dec-2005		9.650%		HI - 52.06%		Paid Off - 360		01-Aug-2005
11882973 1			191,250.00		190,616.18			07-Dec-2005		6.990%		MD - 85.00%		Paid Off - 360		01-Aug-2005
11884098 1			104,000.00		103,480.97			05-Dec-2005		7.000%		IL - 80.00%		Paid Off - 360		01-Jun-2005


TOTAL			30,304,170.25		30,202,868.79



Page 21 of 27
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

December 27, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



											Group 2		Group 1		Total


Current




Number of Loans Liquidated										0		0		0
Collateral Principal Realized Loss/(Gain) Amount										0.00		0.00		0.00
Collateral Interest Realized Loss/(Gain) Amount										-403.00		0.00		-403.00
Net Liquidation Proceeds										403.00		0.00		403.00

Cumulative




Number of Loans Liquidated										2		1		3
Collateral Realized Loss/(Gain) Amount										51,707.00		1,219.83		52,926.83
Net Liquidation Proceeds										195,801.47		88,624.75		284,426.22










Page 22 of 27
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

December 27, 2005 Distribution


DEFAULT SPEEDS



											Group 2		Group 1		Total



MDR										0.00%		0.00%		0.00%
3 Months Avg MDR										0.02%		0.00%		0.01%
12 Months Avg MDR										0.01%		0.00%		0.01%
Avg MDR Since Cut-off										0.01%		0.00%		0.01%


CDR										0.00%		0.00%		0.00%
3 Months Avg CDR										0.22%		0.00%		0.11%
12 Months Avg CDR										0.09%		0.04%		0.07%
Avg CDR Since Cut-off										0.09%		0.04%		0.07%


SDA										0.00%		0.00%		0.00%
3 Months Avg SDA Approximation										1.66%		0.00%		0.84%
12 Months Avg SDA Approximation										0.99%		0.43%		0.72%
Avg SDA Since Cut-off Approximation										0.99%		0.43%		0.72%


Loss Severity Approximation for Current Period										0.00%		0.00%		0.00%
3 Months Avg Loss Severity Approximation										15.91%		0.00%		15.91%
12 Months Avg Loss Severity Approximation										6.82%		0.19%		7.01%
Avg Loss Severity Approximation Since Cut-off										6.82%		0.19%		7.01%












Page 23 of 27
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

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 2005-2

Mortgage Pass-Through Certificates

2005-2

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)

11835435 2
					VA - 90.00%		360				Revision		520.00

11843757 2					CA - 60.55%		360				Revision		-923.00


TOTAL												(403.00)



Page 25 of 27
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

December 27, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS

										Group 2		Group 1		Total
						Has Stepdown Condition occurred (0 = No, 1=Yes)								0

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

						60+ days Delinqueny Balance								14,725,547.45
						Ending Collateral Balance								824,032,468.43
						Delinquency Percentage								1.7900%

						Senior Enhancement Percentage								26.532889%

						Cumulative Loss Percentage								0.00544182%


ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION

SPACE INTENTIONALLY LEFT BLANK



Page 26 of 27
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

December 27, 2005 Distribution
Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

													NET WAC Shortfall CarryOver		NET WAC Shortfall Paid
CLASS

			A-1A										$0.00		$0.00

			A-1B										$0.00		$0.00

			A-2A										$0.00		$0.00

			A-2B										$0.00		$0.00

			A-2C										$0.00		$0.00

			A-2D										$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

Saxon Asset Securities Trust 2005-2 8-K