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 Indenture dated as of September 1, 2005 and the Sale and Servicing Agreement, dated September 1, 2005, providing for the issuance of Saxon Asset Securities Trust 2005-3 Mortgage Loan Asset Backed Notes, Series 2005-3) (Exact name of registrant as specified in charter) VIRGINIA (State or Other Jurisdiction of Incorporation) 333-111832-06 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 ~~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 2005-3
Mortgage Pass-Through Certificates
2005-3
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					10
										6. REO Report					13
										7. Foreclosure Report					14
										8. Prepayment Report					15
										9. Prepayment Detail Report					18
										10. Realized Loss Report					1920
										11. Realized Loss Detail Report					2223
				Servicer(s)
										12. Triggers and Adj. Cert. Report					2324
				Saxon
										13. Additional Certificate Report					2425
				Underwriter(s)
				Greenwich Capital Markets
										Total Number of Pages					2425
				Dates						Contacts
				Cut-Off Date:			September 01, 2005			Brent Hoyler
				Close Date:			September 29, 2005			Administrator
				First Distribution Date:			October 25, 2005			(714) 247-6322
										Brent.Hoyler@db.com
										Address:
										1761 East 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 24
Page 1 of 25
Saxon Asset Securities Trust 2005-3
Mortgage Pass-Through Certificates
2005-3
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-1A	INT	$	360,900,000.00		~~360~~351,~~900~~064,~~000~~187.0098		1,~~068~~389,~~665~~824.0011		38,~~184~~724,~~672~~555.3813		410,~~253~~114,~~337~~379.3824		0.00		0.00		~~357~~342,~~715~~339,~~327~~632.6285
A-2A	INT	$	185,000,000.00		~~185~~172,~~000~~851,~~000~~707.0019		~~529~~662,~~100~~790.0027		48,~~889~~669,~~483~~573.4229		59,~~418~~332,~~583~~363.4256		0.00		0.00		~~180~~164,~~110~~182,~~516~~133.5890
A-2B	INT	$	59,800,000.00		59,800,000.00		~~173~~232,~~619~~489.3311		0.00		~~173~~232,~~619~~489.3311		0.00		0.00		59,800,000.00
A-2C	INT	$	85,400,000.00		85,400,000.00		~~254~~339,~~112~~607.4433		0.00		~~254~~339,~~112~~607.4433		0.00		0.00		85,400,000.00
A-2D	INT	$	30,700,000.00		30,700,000.00		93124,~~345~~539.0667		0.00		93124,~~345~~539.0667		0.00		0.00		30,700,000.00
M-1	INT	$	34,200,000.00		34,200,000.00		~~106~~141,~~210~~474.00		0.00		~~106~~141,~~210~~474.00		0.00		0.00		34,200,000.00
M-2	INT	$	31,500,000.00		31,500,000.00		98130,~~280~~865.00		0.00		98130,~~280~~865.00		0.00		0.00		31,500,000.00
M-3	INT	$	20,700,000.00		20,700,000.00		6486,~~883~~365.00		0.00		6486,~~883~~365.00		0.00		0.00		20,700,000.00
M-4	INT	$	16,200,000.00		16,200,000.00		5169,~~948~~030.00		0.00		5169,~~948~~030.00		0.00		0.00		16,200,000.00
M-5	INT	$	15,750,000.00		15,750,000.00		5167,~~073~~812.7550		0.00		5167,~~073~~812.7550		0.00		0.00		15,750,000.00
M-6	INT	$	13,050,000.00		13,050,000.00		4256,~~789~~767.50		0.00		4256,~~789~~767.50		0.00		0.00		13,050,000.00
B-1	INT	$	14,400,000.00		14,400,000.00		5269,~~416~~040.00		0.00		5269,~~416~~040.00		0.00		0.00		14,400,000.00
B-2	INT	$	9,900,000.00		9,900,000.00		3748,~~108~~785.5000		0.00		3748,~~108~~785.5000		0.00		0.00		9,900,000.00
B-3	INT	$	9,900,000.00		9,900,000.00		4053,~~587~~185.6200		0.00		4053,~~587~~185.6200		0.00		0.00		9,900,000.00
B-4	INT	$	12,600,000.00		12,600,000.00		5171,~~656~~401.9744		0.00		5171,~~656~~401.9744		0.00		0.00		12,600,000.00
X	INT_EXE	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
TRUST	INT_EXE	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Total			900,000,000.00		~~900~~878,~~000~~015,~~000~~895.0017		23,~~715~~543,~~795~~975.1793		817,~~074~~394,~~155~~128.8042		1020,~~789~~938,~~950~~104.9735		0.00		0.00		~~891~~860,~~925~~621,~~844~~766.2075
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	0911/2925/05		1012/2426/05		A-Act/360		805564SM4		360,900,000.00		~~1,000~~972.~~000000~~746434		23.~~961111~~850995		824.~~824252~~174439		1128.~~785363~~025434	~~991~~948.~~175748~~571995
A-2A	0911/2925/05		1012/2426/05		A-Act/360		805564SN2		185,000,000.00		~~1,000~~934.~~000000~~333552		23.~~860000~~582650		2646.~~429640~~862558		2950.~~289640~~445208	~~973~~887.~~570360~~470994
A-2B	0911/2925/05		1012/2426/05		A-Act/360		805564SP7		59,800,000.00		1,000.000000		23.~~903333~~887778		0.000000		23.~~903333~~887778	1,000.000000
A-2C	0911/2925/05		1012/2426/05		A-Act/360		805564SQ5		85,400,000.00		1,000.000000		23.~~975556~~976667		0.000000		23.~~975556~~976667	1,000.000000
A-2D	0911/2925/05		1012/2426/05		A-Act/360		805564SR3		30,700,000.00		1,000.000000		34.~~040556~~056667		0.000000		34.~~040556~~056667	1,000.000000
M-1	0911/2925/05		1012/2426/05		A-Act/360		805564SS1		34,200,000.00		1,000.000000		34.~~105556~~136667		0.000000		34.~~105556~~136667	1,000.000000
M-2	0911/2925/05		1012/2426/05		A-Act/360		805564ST9		31,500,000.00		1,000.000000		34.~~120000~~154444		0.000000		34.~~120000~~154444	1,000.000000
M-3	0911/2925/05		1012/2426/05		A-Act/360		805564SU6		20,700,000.00		1,000.000000		34.~~134444~~172222		0.000000		34.~~134444~~172222	1,000.000000
M-4	0911/2925/05		1012/2426/05		A-Act/360		805564SV4		16,200,000.00		1,000.000000		34.~~206667~~261111		0.000000		34.~~206667~~261111	1,000.000000
M-5	0911/2925/05		1012/2426/05		A-Act/360		805564SW2		15,750,000.00		1,000.000000		34.~~242778~~305556		0.000000		34.~~242778~~305556	1,000.000000
M-6	0911/2925/05		1012/2426/05		A-Act/360		805564SX0		13,050,000.00		1,000.000000		34.~~278889~~350000		0.000000		34.~~278889~~350000	1,000.000000
B-1	0911/2925/05		1012/2426/05		A-Act/360		805564SY8		14,400,000.00		1,000.000000		34.~~640000~~794444		0.000000		34.~~640000~~794444	1,000.000000
B-2	0911/2925/05		1012/2426/05		A-Act/360		805564SZ5		9,900,000.00		1,000.000000		34.~~748333~~927778		0.000000		34.~~748333~~927778	1,000.000000
B-3	0911/2925/05		1012/2426/05		A-Act/360		805564TA9		9,900,000.00		1,000.000000		45.~~099760~~372222		0.000000		45.~~099760~~372222	1,000.000000
B-4	0911/2925/05		1012/2426/05		A-Act/360		805564TB7		12,600,000.00		1,000.000000		45.~~099760~~666781		0.000000		45.~~099760~~666781	1,000.000000
X	0911/2925/05		1012/24/05		A-30/360				0.00		0.000000		0.000000		0.000000		0.000000	0.000000
TRUST	0911/2925/05		1012/24/05		A-30/360				0.00		0.000000		0.000000		0.000000		0.000000	0.000000
Page 2 of 24
Page 2 of 25
Saxon Asset Securities Trust 2005-3
Mortgage Pass-Through Certificates
2005-3
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-1A	360,900,000.00		13,~~068~~781,~~665~~785.0002		317,~~037~~994,~~920~~808.8714		~~146~~565,~~751~~559.5101		318,~~184~~560,~~672~~367.3815		422,~~253~~342,~~337~~152.3817		0.00		0.00		~~357~~342,~~715~~339,~~327~~632.6285
A-2A	185,000,000.00		~~529~~1,~~100~~835,993.0084		420,~~664~~158,~~173~~112.2532		~~225~~659,~~310~~753.1778		420,~~889~~817,~~483~~866.4210		522,~~418~~653,~~583~~859.4294		0.00		0.00		~~180~~164,~~110~~182,~~516~~133.5890
A-2B	59,800,000.00		~~173~~623,~~619~~286.3326		0.00		0.00		0.00		~~173~~623,~~619~~286.3326		0.00		0.00		59,800,000.00
A-2C	85,400,000.00		~~254~~911,~~112~~223.4492		0.00		0.00		0.00		~~254~~911,~~112~~223.4492		0.00		0.00		85,400,000.00
A-2D	30,700,000.00		93334,~~345~~401.0689		0.00		0.00		0.00		93334,~~345~~401.0689		0.00		0.00		30,700,000.00
M-1	34,200,000.00		~~106~~380,~~210~~135.0038		0.00		0.00		0.00		~~106~~380,~~210~~135.0038		0.00		0.00		34,200,000.00
M-2	31,500,000.00		98351,~~280~~682.0019		0.00		0.00		0.00		98351,~~280~~682.0019		0.00		0.00		31,500,000.00
M-3	20,700,000.00		64232,~~883~~128.0094		0.00		0.00		0.00		64232,~~883~~128.0094		0.00		0.00		20,700,000.00
M-4	16,200,000.00		51185,~~948~~671.0013		0.00		0.00		0.00		51185,~~948~~671.0013		0.00		0.00		16,200,000.00
M-5	15,750,000.00		51182,~~073~~460.7547		0.00		0.00		0.00		51182,~~073~~460.7547		0.00		0.00		15,750,000.00
M-6	13,050,000.00		42152,~~789~~794.5066		0.00		0.00		0.00		42152,~~789~~794.5066		0.00		0.00		13,050,000.00
B-1	14,400,000.00		52186,~~416~~401.00		0.00		0.00		0.00		52186,~~416~~401.00		0.00		0.00		14,400,000.00
B-2	9,900,000.00		37130,~~108~~666.5084		0.00		0.00		0.00		37130,~~108~~666.5084		0.00		0.00		9,900,000.00
B-3	9,900,000.00		40138,~~587~~641.6284		0.00		0.00		0.00		40138,~~587~~641.6284		0.00		0.00		9,900,000.00
B-4	12,600,000.00		51184,~~656~~658.9755		0.00		0.00		0.00		51184,~~656~~658.9755		0.00		0.00		12,600,000.00
X	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
TRUST	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Total	900,000,000.00		29,~~715~~611,~~795~~931.1793		738,~~702~~152,~~094~~920.1246		~~372~~1,~~061~~225,312.6879		839,~~074~~378,~~155~~233.8025		1048,~~789~~990,~~950~~165.9718		0.00		0.00		~~891~~860,~~925~~621,~~844~~766.2075
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.~~10000~~45375%		~~360~~351,~~900~~064,~~000~~187.0098		1,~~068~~389,~~665~~824.0011		0.00		0.00		0.00		1,~~068~~389,~~665~~824.0011		1,~~068~~389,~~665~~824.0011		0.00
A-2A	34.~~96000~~31375%		~~185~~172,~~000~~851,~~000~~707.0019		~~529~~662,~~100~~790.0027		0.00		0.00		0.00		~~529~~662,~~100~~790.0027		~~529~~662,~~100~~790.0027		0.00
A-2B	4.~~02000~~37375%		59,800,000.00		~~173~~232,~~619~~489.3311		0.00		0.00		0.00		~~173~~232,~~619~~489.3311		~~173~~232,~~619~~489.3311		0.00
A-2C	4.~~12000~~47375%		85,400,000.00		~~254~~339,~~112~~607.4433		0.00		0.00		0.00		~~254~~339,~~112~~607.4433		~~254~~339,~~112~~607.4433		0.00
A-2D	4.~~21000~~56375%		30,700,000.00		93124,~~345~~539.0667		0.00		0.00		0.00		93124,~~345~~539.0667		93124,~~345~~539.0667		0.00
M-1	4.~~30000~~65375%		34,200,000.00		~~106~~141,~~210~~474.00		0.00		0.00		0.00		~~106~~141,~~210~~474.00		~~106~~141,~~210~~474.00		0.00
M-2	4.~~32000~~67375%		31,500,000.00		98130,~~280~~865.00		0.00		0.00		0.00		98130,~~280~~865.00		98130,~~280~~865.00		0.00
M-3	4.~~34000~~69375%		20,700,000.00		6486,~~883~~365.00		0.00		0.00		0.00		6486,~~883~~365.00		6486,~~883~~365.00		0.00
M-4	4.~~44000~~79375%		16,200,000.00		5169,~~948~~030.00		0.00		0.00		0.00		5169,~~948~~030.00		5169,~~948~~030.00		0.00
M-5	4.~~49000~~84375%		15,750,000.00		5167,~~073~~812.7550		0.00		0.00		0.00		5167,~~073~~812.7550		5167,~~073~~812.7550		0.00
M-6	4.~~54000~~89375%		13,050,000.00		4256,~~789~~767.50		0.00		0.00		0.00		4256,~~789~~767.50		4256,~~789~~767.50		0.00
B-1	5.~~04000~~39375%		14,400,000.00		5269,~~416~~040.00		0.00		0.00		0.00		5269,~~416~~040.00		5269,~~416~~040.00		0.00
B-2	5.~~19000~~54375%		9,900,000.00		3748,~~108~~785.5000		0.00		0.00		0.00		3748,~~108~~785.5000		3748,~~108~~785.5000		0.00
B-3	56.~~67659~~04375%		9,900,000.00		4053,~~587~~185.6200		0.00		0.00		0.00		4053,~~587~~185.6200		4053,~~587~~185.6200		0.00
B-4	56.~~67659~~37513%		12,600,000.00		5171,~~656~~401.9744		0.00		0.00		0.00		5171,~~656~~401.9744		5171,~~656~~401.9744		0.00
X	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
TRUST	0.00000%		0.00		0.00		~~-911,878~~286.0510		02,361,067.0009		0.00		~~911~~2,~~878~~360,780.0599		0.00		~~911~~2,~~878~~361,067.0509
Total			~~900~~878,~~000~~015,~~000~~895.0017		23,~~715~~543,~~795~~975.1793		~~-911,878~~286.0510		02,361,067.0009		0.00		35,~~627~~904,~~673~~756.2292		23,~~715~~543,~~795~~975.1793		~~911~~2,~~878~~361,067.0509
Page 3 of 24
Page 3 of 25
Saxon Asset Securities Trust 2005-3
Mortgage Pass-Through Certificates
2005-3
October 25, 2005 Distribution
December 27, 2005 Distribution
Collection Account Report
SUMMARY
										Group 2		Group 1		Total
Principal Collections										47,~~299~~855,~~663~~745.0996		27,~~800~~905,~~504~~566.0856		715,~~100~~761,~~167~~312.1752
Principal Withrawals										0.00		0.00		0.00
Principal Other Accounts										0.00		0.00		0.00
TOTAL NET PRINCIPAL										47,~~299~~855,~~663~~745.0996		27,~~800~~905,~~504~~566.0856		715,~~100~~761,~~167~~312.1752
Interest Collections										2,~~265~~617,~~515~~466.6719		2,~~268~~654,~~880~~206.5185		45,~~534~~271,~~396~~673.1805
Interest Withdrawals										-0.00		-0.00		-0.00
Interest Other Accounts										0.00		0.00		0185,514.0018
Interest Fees										-~~106~~122,~~833~~094.9547		-~~112~~124,~~343~~316.1388		-~~216~~243,~~835~~695.4756
TOTAL NET INTEREST										2,~~158~~495,~~681~~371.72		2,~~156~~529,~~537~~889.3897		45,~~317~~213,~~560~~491.7167
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION										610,~~458~~351,~~344~~117.8168		410,~~957~~435,~~041~~456.4653		1120,~~417~~974,~~727~~804.8819
Retained Interest paid to SAXON Funding Management														3136,~~643~~699.5883
PRINCIPAL - COLLECTIONS
											Group 2		Group 1		Total
Scheduled Principal Received											~~178~~203,~~508~~576.6041		~~193~~221,~~553~~737.0827		~~372~~425,~~061~~313.68
Curtailments											4295,~~121,154~~393.4954		218,~~606,951~~736.0036		6314,~~728,105~~129.4990
Prepayments In Full											07,356,776.0001		07,665,092.0093		015,021,868.0094
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											-2741,~~199~~432.0548		-2748,~~678~~763.5238		-5490,~~877~~195.5786
Realized Losses											-0.00		-0.00		-0.00
Advanced Principal											2741,~~199~~432.0548		2748,~~678~~763.5238		5490,~~877~~195.5786
TOTAL PRINCIPAL COLLECTED											47,~~299~~855,~~663~~745.0996		27,~~800~~905,~~504~~566.0856		715,~~100~~761,~~167~~312.1752
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 24
Page 4 of 25
Saxon Asset Securities Trust 2005-3
Mortgage Pass-Through Certificates
2005-3
October 25, 2005 Distribution
December 27, 2005 Distribution
INTEREST - COLLECTIONS
										Group 2		Group 1		Total
Scheduled Interest										2,~~278~~636,~~788~~806.1584		2,~~280~~674,~~301~~759.7551		45,~~559~~311,~~089~~566.9035
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										-03,505.0086		-03,632.0042		-07,138.0028
Delinquent Interest										-~~393~~571,~~860~~073.1861		-~~341~~614,~~882~~835.6023		-~~735~~1,~~742~~185,908.7884
Compensating Interest										03,505.0086		03,632.0042		07,138.0028
Civil Relief Act Shortfalls										-0258.0050		-027.0060		-0286.0010
Interest Advanced										~~380~~551,~~587~~991.7145		~~330~~594,~~461~~310.3519		~~711~~1,~~049~~146,301.0664
TOTAL INTEREST COLLECTED										2,~~265~~617,~~515~~466.6719		2,~~268~~654,~~880~~206.5185		45,~~534~~271,~~396~~673.1805
INTEREST - WITHDRAWALS
										Group 2		Group 1		Total
TOTAL INTEREST WITHDRAWALS										0.00		0.00		0.00
INTEREST - OTHER ACCOUNTS
										Group 2		Group 1		Total
Prepayment Charges														0185,514.0018
TOTAL INTEREST OTHER ACCOUNTS										0.00		0.00		0185,514.0018
INTEREST - FEES
										Group 2		Group 1		Total
Current Servicing Fees										6672,~~047~~461.1624		6771,~~477~~430.0072		~~133~~143,~~524~~891.1696
Master Servicing Fees										1518,~~863~~308.9368		1518,~~779~~391.6515		3136,~~643~~699.5883
PMI Insurance Fees										2329,~~748~~969.9471		2733,~~918~~134.7906		5163,~~667~~103.7377
TOTAL INTEREST FEES										~~106~~122,~~833~~094.9547		~~112~~124,~~343~~316.1388		~~216~~243,~~835~~695.4756
Net Swap Payment														~~596,133~~0.3300
Page 5 of 24
Page 5 of 25
Saxon Asset Securities Trust 2005-3
Mortgage Pass-Through Certificates
2005-3
October 25, 2005 Distribution
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														~~973~~4,~~988~~412,920.6324
Overcollateralization Target Amount														21,600,000.00
Overcollateralization Deficiency Amount														2017,~~626~~187,~~011~~079.3776
Overcollateralization Release Amount														0.00
Page 6 of 24
Page 6 of 25
Saxon Asset Securities Trust 2005-3
Mortgage Pass-Through Certificates
2005-3
October 25, 2005 Distribution
December 27, 2005 Distribution
Collateral Report
COLLATERAL
											Group 2		Group 1		Total
Loan Count:
Original										1,761		2,313		4,074
Prior										12,~~761~~015		2,~~313~~714		4,~~074~~729
Prefunding										0		0		0
Scheduled Paid Offs										-0		-0		-0
Full Voluntary Prepayments										-026		-039		-065
Repurchases										-0		-0		-0
Liquidations										-0		-0		-0
Current										1,~~746~~988		2,~~298~~675		4,~~044~~663
Principal Balance:
Original										380,734,261.85		378,711,544.68		759,445,806.53
Prior										~~380~~439,~~734~~408,~~261~~280.8591		~~378~~441,~~711~~387,~~544~~718.6860		~~759~~880,~~445~~795,~~806~~999.5351
Prefunding										0.00		0.00		0.00
Scheduled Principal										-~~178~~203,~~508~~576.6041		-~~193~~221,~~553~~737.0827		-~~372~~425,~~061~~313.68
Partial Prepayments										-4295,~~121,154~~393.4954		-218,~~606,951~~736.0036		-6314,~~728,105~~129.4990
Full Voluntary Prepayments										-07,356,776.0001		-07,665,092.0093		-015,021,868.0094
Repurchases										-0.00		-0.00		-0.00
Liquidations										-0.00		-0.00		-0.00
Current										~~376~~431,~~434~~552,~~598~~534.7695		~~375~~433,~~911~~482,~~040~~152.6004		~~752~~865,~~345~~034,~~639~~686.3699
PREFUNDING
										Group 2		Group 1		Total
Prefunding Account Original Balance										69,265,738.05		71,288,455.42		140,554,193.47
Prefunding Account Month Begining Balance										069,265,738.0005		071,288,455.0042		0140,554,193.0047
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										~~69,265,738~~0.0500		~~71,288,455~~0.4200		~~140,554,193~~0.4700
Page 7 of 24
Page 7 of 25
Saxon Asset Securities Trust 2005-3
Mortgage Pass-Through Certificates
2005-3
October 25, 2005 Distribution
December 27, 2005 Distribution
CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Coupon Original										7.18229%		7.22545%		7.20382%
Weighted Average Coupon Prior										7.~~18229~~21022%		7.~~22545~~27347%		7.~~20382~~24190%
Weighted Average Coupon Current										7.~~18229~~20731%		7.~~22545~~27186%		7.~~20382~~23966%
Weighted Average Months to Maturity Original										354		354		354
Weighted Average Months to Maturity Prior										354		354		354
Weighted Average Months to Maturity Current										~~354~~353		~~354~~353		~~354~~353
Weighted Avg Remaining Amortization Term Original										354		354		354
Weighted Avg Remaining Amortization Term Prior										354		354		354
Weighted Avg Remaining Amortization Term Current										~~354~~357		~~354~~358		~~354~~357
Weighted Average Seasoning Original										2.00		1.92		1.96
Weighted Average Seasoning Prior										2.0073		12.9268		12.9670
Weighted Average Seasoning Current										23.0072		13.9267		13.9669
Page 8 of 24
Page 8 of 25
Saxon Asset Securities Trust 2005-3
Mortgage Pass-Through Certificates
2005-3
October 25, 2005 Distribution
December 27, 2005 Distribution
ARM CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Margin Original										5.88342%		5.87465%		5.87904%
Weighted Average Margin Prior										5.~~88342~~93839%		5.~~87465~~94121%		5.~~87904~~93981%
Weighted Average Margin Current										5.~~88342~~93895%		5.~~87465~~93856%		5.~~87904~~93875%
Weighted Average Max Rate Original										13.23830%		13.23750%		13.23790%
Weighted Average Max Rate Prior										13.~~23830~~27150%		13.~~23750~~29501%		13.~~23790~~28331%
Weighted Average Max Rate Current										13.~~23830~~26962%		13.~~23750~~29332%		13.~~23790~~28153%
Weighted Average Min Rate Original										6.16486%		6.16659%		6.16572%
Weighted Average Min Rate Prior										6.~~16486~~20391%		6.~~16659~~21991%		6.~~16572~~21194%
Weighted Average Min Rate Current										6.~~16486~~20098%		6.~~16659~~21878%		6.~~16572~~20992%
Weighted Average Cap Up Original										1.03432%		1.01639%		1.02538%
Weighted Average Cap Up Prior										1.~~03432~~03290%		1.~~01639~~01724%		1.~~02538~~02504%
Weighted Average Cap Up Current										1.~~03432~~03238%		1.~~01639~~01745%		1.~~02538~~02488%
Weighted Average Cap Down Original										1.03432%		1.01639%		1.02538%
Weighted Average Cap Down Prior										1.~~03432~~03290%		1.~~01639~~01724%		1.~~02538~~02504%
Weighted Average Cap Down Current										1.~~03432~~03238%		1.~~01639~~01745%		1.~~02538~~02488%
SERVICING FEES & ADVANCES
											Group 2		Group 1		Total
Current Servicing Fees										6672,~~047~~461.1624		6771,~~477~~430.0072		~~133~~143,~~524~~891.1696
Delinquent Servicing Fees										1319,~~272~~082.4715		1120,~~421~~525.2405		2439,~~693~~607.7120
TOTAL SERVICING FEES										8295,~~498~~266.5734		8295,~~056~~622.8591		~~164~~190,~~555~~889.4225
Servicing Fees										8295,~~498~~266.5734		8295,~~056~~622.8591		~~164~~190,~~555~~889.4225
Master Servicing Fees										1518,~~863~~308.9368		1518,~~779~~391.6515		3136,~~643~~699.5883
Total Servicing Fees (incl. Master Servicing Fees)										95109,~~183~~852.5707		94110,~~677~~346.8993		~~189~~220,~~861~~199.4600
Compensating Interest										-03,505.0086		-03,632.0042		-07,138.0028
Delinquent Servicing Fees										-1319,~~272~~082.4715		-1120,~~421~~525.2405		-2439,~~693~~607.7120
COLLECTED SERVICING FEES										8187,~~911~~264.0906		8386,~~256~~189.6546		~~165~~173,~~167~~453.7452
Total Advanced Interest										~~380~~551,~~587~~991.7145		~~330~~594,~~461~~310.3519		~~711~~1,~~049~~146,301.0664
Total Advanced Principal										2741,~~199~~432.0548		2748,~~678~~763.5238		5490,~~877~~195.5786
Aggregate Advances with respect to this Distribution										5595,~~612~~344.6218		57100,~~009~~787.7516		~~112~~196,~~622~~131.3734
ADDITIONAL COLLATERAL INFORMATION
										Group 2		Group 1		Total
Prepayment Interest Shortfall (PPIS)										03,505.0086		03,632.0042		07,138.0028
Compensating Interest										-03,505.0086		-03,632.0042		-07,138.0028
Net Prepayment Interest Shortfall (PPIS)										0.00		0.00		0.00
Libor For Current Period														34.~~8400~~1938%
Libor For Next Period														4.~~0375~~3788%
Retained Interest paid to SAXON Funding Management														3136,~~643~~699.5883
Page 9 of 24
Page 9 of 25
Saxon Asset Securities Trust 2005-3
Mortgage Pass-Through Certificates
2005-3
October 25, 2005 Distribution
December 27, 2005 Distribution
Delinquency Report
	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				~~337~~7,~~500~~242,794.0064		02,644,739.0036		0642,326.0050		~~337~~10,~~500~~529,860.0050
			% Balance				0.0484%		0.0031%		0.0007%		01.0422%
			# Loans				142		013		02		157
			% # Loans				0.0290%		0.0028%		0.0004%		01.0222%
	FORECLOSURE		Balance		0.00		0.00		0.00		0903,388.0049		0903,388.0049
			% Balance		0.00%		0.00%		0.00%		0.0010%		0.0010%
			# Loans		0		0		0		04		04
			% # Loans		0.00%		0.00%		0.00%		0.0009%		0.0009%
	BANKRUPTCY		Balance		~~86,275~~0.00		086,275.00		0.00		0.00		86,275.00
			% Balance		0.0100%		0.0001%		0.00%		0.00%		0.01%
			# Loans		10		01		0		0		1
			% # Loans		0.0200%		0.0002%		0.00%		0.00%		0.02%
	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		~~86,275~~0.00		~~337~~7,~~500~~329,069.0064		02,644,739.0036		01,545,714.0099		~~423~~11,~~775~~519,523.0099
			% Balance		0.0100%		0.0485%		0.0031%		0.0018%		01.0633%
			# Loans		10		143		013		06		262
			% # Loans		0.0200%		0.0292%		0.0028%		0.0013%		01.0533%
Page 10 of 24
Page 10 of 25
Saxon Asset Securities Trust 2005-3
Mortgage Pass-Through Certificates
2005-3
October 25, 2005 Distribution
December 27, 2005 Distribution
	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				~~337~~4,~~500~~631,668.0048		0807,794.0054		0.00		~~337~~5,~~500~~439,463.0002
			% Balance				01.0907%		0.0019%		0.00%		01.0925%
			# Loans				129		06		0		135
			% # Loans				01.0408%		0.0022%		0.00%		01.0431%
	FORECLOSURE		Balance		0.00		0.00		0.00		0376,361.0044		0376,361.0044
			% Balance		0.00%		0.00%		0.00%		0.0009%		0.0009%
			# Loans		0		0		0		02		02
			% # Loans		0.00%		0.00%		0.00%		0.0007%		0.0007%
	BANKRUPTCY		Balance		~~86,275~~0.00		086,275.00		0.00		0.00		86,275.00
			% Balance		0.0200%		0.0002%		0.00%		0.00%		0.02%
			# Loans		10		01		0		0		1
			% # Loans		0.0400%		0.0004%		0.00%		0.00%		0.04%
	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		~~86,275~~0.00		~~337~~4,~~500~~717,943.0048		0807,794.0054		0376,361.0044		~~423~~5,~~775~~902,099.0046
			% Balance		0.0200%		01.09%		0.0019%		0.0009%		01.1136%
			# Loans		10		130		06		02		238
			% # Loans		0.0400%		01.0412%		0.0022%		0.0007%		01.0942%
Page 11 of 24
Page 11 of 25
Saxon Asset Securities Trust 2005-3
Mortgage Pass-Through Certificates
2005-3
October 25, 2005 Distribution
December 27, 2005 Distribution
	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				02,611,126.0016		01,836,944.0082		0642,326.0050		05,090,397.0048
			% Balance				0.0061%		0.0043%		0.0015%		01.0018%
			# Loans				013		07		02		022
			% # Loans				0.0065%		0.0035%		0.0010%		01.0011%
	FORECLOSURE		Balance		0.00		0.00		0.00		0527,027.0005		0527,027.0005
			% Balance		0.00%		0.00%		0.00%		0.0012%		0.0012%
			# Loans		0		0		0		02		02
			% # Loans		0.00%		0.00%		0.00%		0.0010%		0.0010%
	BANKRUPTCY		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%
	REO		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		0.00		02,611,126.0016		01,836,944.0082		01,169,353.0055		05,617,424.0053
			% Balance		0.00%		0.0061%		0.0043%		0.0027%		01.0030%
			# Loans		0		013		07		04		024
			% # Loans		0.00%		0.0065%		0.0035%		0.0020%		01.0021%
Page 12 of 24
Page 12 of 25
Saxon Asset Securities Trust 2005-3
Mortgage Pass-Through Certificates
2005-3
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
TOTAL
Page 13 of 24
Page 13 of 25
Saxon Asset Securities Trust 2005-3
Mortgage Pass-Through Certificates
2005-3
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
TOTAL
11881436 1
Page 14 of 24
			264,600.00		263,691.27		01-Jul-2005		7.950%		UT - 90.00%		360		01-Aug-2005
11884418 1			113,000.00		112,670.17		01-Jul-2005		8.750%		MI - 100.00%		360		01-Aug-2005
11883567 2			236,000.00		236,000.00		01-Jul-2005		7.600%		IL - 80.00%		360		01-Aug-2005
11884750 2			292,000.00		291,027.05		01-Jul-2005		8.100%		MD - 80.00%		360		01-Aug-2005
TOTAL			905,600.00		903,388.49
Page 14 of 25
Saxon Asset Securities Trust 2005-3
Mortgage Pass-Through Certificates
2005-3
October 25, 2005 Distribution
December 27, 2005 Distribution
Prepayment Report
VOLUNTARY PREPAYMENTS
											Group 2		Group 1		Total
Current
Number of Paid in Full Loans										026		039		065
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										026		039		065
Curtailments Amount										4295,~~121,154~~393.4954		218,~~606,951~~736.0036		6314,~~728,105~~129.4990
Paid in Full Balance										07,356,776.0001		07,665,092.0093		015,021,868.0094
Repurchased Loans Balance										0.00		0.00		0.00
Total Prepayment Amount										47,~~121~~652,~~154~~169.4955		27,~~606~~683,~~951~~829.0029		615,~~728~~335,~~105~~998.4984
Cumulative
Number of Paid in Full Loans										052		066		0118
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										052		066		0118
Paid in Full Balance										013,308,719.0008		013,236,013.0062		026,544,732.0070
Repurchased Loans Balance										0.00		0.00		0.00
Curtailments Amount										4,~~121~~551,~~154~~872.4937		2,~~606~~642,~~951~~722.0026		67,~~728~~194,~~105~~594.4963
Total Prepayment Amount										417,~~121~~860,~~154~~591.4945		215,~~606~~878,~~951~~735.0088		633,~~728~~739,~~105~~327.4933
Page 15 of 24
Page 15 of 25
Saxon Asset Securities Trust 2005-3
Mortgage Pass-Through Certificates
2005-3
October 25, 2005 Distribution
December 27, 2005 Distribution
VOLUNTARY PREPAYMENTS RATES
											Group 2		Group 1		Total
SMM										1.0874%		01.6974%		01.8974%
3 Months Avg SMM										1.0840%		01.6923%		01.8931%
12 Months Avg SMM										1.0840%		01.6923%		01.8931%
Avg SMM Since Cut-off										1.0840%		01.6923%		01.8931%
CPR										1219.2502%		719.9601%		1019.1301%
3 Months Avg CPR										1215.2554%		713.9678%		1014.1366%
12 Months Avg CPR										1215.2554%		713.9678%		1014.1366%
Avg CPR Since Cut-off										1215.2554%		713.9678%		1014.1366%
PSA										32,~~058~~558.7129%		2,~~069~~589.4479%		2,~~581~~573.4798%
3 Months Avg PSA Approximation										32,~~058~~759.7145%		2,~~069~~497.4593%		2,~~581~~631.4802%
12 Months Avg PSA Approximation										32,~~058~~759.7145%		2,~~069~~497.4593%		2,~~581~~631.4802%
Avg PSA Since Cut-off Approximation										32,~~058~~759.7145%		2,~~069~~497.4593%		2,~~581~~631.4802%
Page 16 of 24
Page 16 of 25
Saxon Asset Securities Trust 2005-3
Mortgage Pass-Through Certificates
2005-3
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 24
Page 17 of 25
Saxon Asset Securities Trust 2005-3
Mortgage Pass-Through Certificates
2005-3
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
SPACE INTENTIONALLY LEFT BLANK
11870880 1			87,500.00		87,237.82			28-Nov-2005		7.500%		OH - 93.09%		Paid Off - 360		01-Aug-2005
TOTAL
11877009 1			294,000.00		294,000.00			18-Nov-2005		7.550%		NY - 70.00%		Paid Off - 360		01-Aug-2005
Page 18 of 24
11880368 1			236,500.00		236,500.00			15-Dec-2005		6.150%		CA - 73.91%		Paid Off - 360		01-Aug-2005
11880695 1			198,000.00		197,233.57			23-Nov-2005		7.350%		SC - 29.33%		Paid Off - 360		01-Jul-2005
11880987 1			224,000.00		223,098.10			07-Dec-2005		7.150%		MD - 64.93%		Paid Off - 360		01-Jul-2005
11881336 2			159,000.00		158,359.79			29-Nov-2005		7.150%		FL - 60.23%		Paid Off - 360		01-Jul-2005
11881403 2			432,000.00		432,000.00			22-Nov-2005		7.100%		VA - 80.00%		Paid Off - 360		01-Aug-2005
11882489 2			167,000.00		166,509.47			13-Dec-2005		7.600%		MD - 59.64%		Paid Off - 360		01-Aug-2005
11882794 2			331,500.00		330,323.12			23-Nov-2005		6.637%		NY - 89.11%		Paid Off - 360		01-Aug-2005
11882825 1			270,000.00		270,000.00			06-Dec-2005		6.600%		MD - 90.00%		Paid Off - 360		01-Aug-2005
11883196 1			220,000.00		219,999.99			29-Nov-2005		8.000%		FL - 80.00%		Paid Off - 360		01-Aug-2005
11883199 2			163,800.00		163,284.26			18-Nov-2005		7.250%		AZ - 90.00%		Paid Off - 360		01-Aug-2005
11884440 1			104,000.00		103,759.94			06-Dec-2005		7.350%		MD - 48.37%		Paid Off - 360		01-Sep-2005
11884919 2			300,000.00		300,000.00			28-Nov-2005		6.800%		OK - 80.00%		Paid Off - 360		01-Aug-2005
11885003 2			418,000.00		418,000.00			23-Nov-2005		7.417%		MD - 86.19%		Paid Off - 360		01-Sep-2005
11885236 1			148,000.00		147,684.88			13-Dec-2005		9.200%		MI - 80.00%		Paid Off - 360		01-Aug-2005
11885328 1			123,405.00		123,035.19			22-Nov-2005		7.500%		PA - 95.00%		Paid Off - 360		01-Aug-2005
11885412 1			237,500.00		236,694.98			29-Nov-2005		6.875%		MD - 95.00%		Paid Off - 360		01-Aug-2005
11885541 1			198,000.00		198,000.00			21-Nov-2005		7.350%		MD - 90.00%		Paid Off - 360		01-Sep-2005
11885632 1			221,000.00		221,000.00			09-Dec-2005		6.350%		VA - 89.84%		Paid Off - 360		01-Aug-2005
11885646 1			129,600.00		129,127.55			13-Dec-2005		6.500%		GA - 79.51%		Paid Off - 360		01-Aug-2005
11886076 2			135,000.00		134,611.28			07-Dec-2005		7.700%		GA - 90.00%		Paid Off - 360		01-Aug-2005
11886261 1			195,520.00		194,766.19			28-Nov-2005		6.990%		MD - 73.37%		Paid Off - 360		01-Aug-2005
11886678 2			231,200.00		228,250.37			02-Dec-2005		6.975%		MD - 80.00%		Paid Off - 180		01-Aug-2005
11886986 1			133,600.00		133,166.72			01-Dec-2005		7.100%		WI - 80.00%		Paid Off - 360		01-Aug-2005
11887440 2			266,400.00		266,400.00			06-Dec-2005		7.200%		MD - 80.00%		Paid Off - 360		01-Aug-2005
11887541 2			288,000.00		288,000.00			30-Nov-2005		8.150%		CA - 80.00%		Paid Off - 360		01-Aug-2005
11887773 1			189,000.00		189,000.00			05-Dec-2005		7.350%		MD - 90.00%		Paid Off - 360		01-Aug-2005
11888274 1			91,000.00		90,694.08			05-Dec-2005		6.917%		WI - 70.00%		Paid Off - 360		01-Aug-2005
11889020 2			197,400.00		197,400.00			14-Dec-2005		7.700%		AZ - 94.98%		Paid Off - 360		01-Aug-2005
11889073 1			199,000.00		198,315.57			28-Nov-2005		6.800%		MD - 84.68%		Paid Off - 360		01-Aug-2005
11889577 1			304,000.00		303,079.97			23-Nov-2005		7.450%		AZ - 78.96%		Paid Off - 360		01-Aug-2005
11890527 1			94,500.00		94,250.21			05-Dec-2005		8.125%		CA - 70.00%		Paid Off - 360		01-Aug-2005
11890872 2			427,500.00		427,500.00			07-Dec-2005		6.850%		VA - 90.00%		Paid Off - 360		01-Sep-2005
11891580 1			288,500.00		287,884.73			09-Dec-2005		7.750%		CA - 82.43%		Paid Off - 360		01-Sep-2005
11892313 2			133,000.00		132,751.54			12-Dec-2005		8.400%		AZ - 70.00%		Paid Off - 360		01-Sep-2005
11892413 1			108,800.00		108,799.48			01-Dec-2005		7.000%		AZ - 85.00%		Paid Off - 360		01-Sep-2005
11892759 1			157,320.00		156,907.37			13-Dec-2005		6.700%		VA - 92.00%		Paid Off - 360		01-Sep-2005
11893157 1			288,000.00		286,814.41			30-Nov-2005		8.750%		CA - 80.00%		Paid Off - 360		01-May-2005
11893667 2			405,000.00		405,000.00			05-Dec-2005		6.200%		CA - 90.00%		Paid Off - 360		01-Sep-2005
11894939 1			187,500.00		187,444.38			12-Dec-2005		7.100%		VA - 66.96%		Paid Off - 360		01-Sep-2005
Page 18 of 25
Saxon Asset Securities Trust 2005-3
Mortgage Pass-Through Certificates
2005-3
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
11896450 2			420,000.00		420,000.00			12-Dec-2005		7.000%		CA - 80.00%		Paid Off - 360		01-Mar-2005
11897848 1			330,000.00		330,000.00			28-Nov-2005		7.100%		MD - 72.53%		Paid Off - 360		01-Sep-2005
11897956 1			210,000.00		210,000.00			12-Dec-2005		6.550%		CA - 48.84%		Paid Off - 360		01-Sep-2005
11898169 1			195,000.00		194,712.55			07-Dec-2005		7.550%		MD - 56.20%		Paid Off - 360		01-Oct-2005
11898832 2			405,000.00		405,000.00			06-Dec-2005		7.100%		CA - 75.00%		Paid Off - 360		01-Sep-2005
11899994 1			84,000.00		83,854.46			30-Nov-2005		8.767%		GA - 75.00%		Paid Off - 360		01-Sep-2005
11900530 2			161,032.00		160,792.23			21-Nov-2005		7.500%		AZ - 80.00%		Paid Off - 360		01-Oct-2005
11900560 2			185,000.00		185,000.00			22-Nov-2005		7.100%		IL - 56.57%		Paid Off - 360		01-Oct-2005
11901734 2			160,000.00		159,696.92			01-Dec-2005		7.300%		MD - 86.49%		Paid Off - 360		01-Oct-2005
11902047 2			345,000.00		345,000.00			30-Nov-2005		8.150%		IL - 100.00%		Paid Off - 360		01-Oct-2005
11902698 2			136,000.00		135,897.03			28-Nov-2005		7.400%		MD - 80.00%		Paid Off - 360		01-Nov-2005
11903516 2			187,000.00		187,000.00			06-Dec-2005		5.990%		MD - 85.00%		Paid Off - 360		01-Oct-2005
11903866 1			245,000.00		245,000.00			15-Dec-2005		6.650%		MD - 77.78%		Paid Off - 360		01-Oct-2005
11903912 1			168,000.00		167,943.32			09-Dec-2005		7.430%		FL - 68.07%		Paid Off - 360		01-Nov-2005
11905066 1			312,639.00		312,566.86			13-Dec-2005		8.740%		CA - 92.70%		Paid Off - 360		01-Nov-2005
11905730 1			205,000.00		204,677.65			05-Dec-2005		7.250%		CA - 57.75%		Paid Off - 360		01-Oct-2005
11906196 2			408,000.00		408,000.00			12-Dec-2005		7.500%		CA - 81.60%		Paid Off - 360		01-Sep-2005
11906527 2			344,000.00		344,000.00			29-Nov-2005		7.250%		CA - 80.00%		Paid Off - 360		01-Oct-2005
11906681 1			187,000.00		186,758.24			30-Nov-2005		8.200%		IL - 85.00%		Paid Off - 360		01-Oct-2005
11909355 1			252,000.00		251,832.47			29-Nov-2005		7.650%		MD - 93.51%		Paid Off - 360		01-Oct-2005
11911493 1			148,000.00		147,913.66			30-Nov-2005		8.683%		WI - 80.00%		Paid Off - 360		01-Nov-2005
11913908 2			558,000.00		558,000.00			02-Dec-2005		8.150%		CA - 90.00%		Paid Off - 360		01-Nov-2005
11915062 1			109,500.00		109,338.59			01-Dec-2005		7.550%		GA - 75.00%		Paid Off - 360		01-Oct-2005
11915550 1			302,000.00		302,000.00			23-Nov-2005		8.300%		AZ - 84.95%		Paid Off - 360		01-Nov-2005
TOTAL			15,040,216.00		15,021,868.94
Page 19 of 25
Saxon Asset Securities Trust 2005-3
Mortgage Pass-Through Certificates
2005-3
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										0.00		0.00		0.00
Net Liquidation Proceeds										0.00		0.00		0.00
Cumulative
Number of Loans Liquidated										0		0		0
Collateral Realized Loss/(Gain) Amount										0.00		0.00		0.00
Net Liquidation Proceeds										0.00		0.00		0.00
Page 19 of 24
Page 20 of 25
Saxon Asset Securities Trust 2005-3
Mortgage Pass-Through Certificates
2005-3
October 25, 2005 Distribution
December 27, 2005 Distribution
DEFAULT SPEEDS
											Group 2		Group 1		Total
MDR										0.00%		0.00%		0.00%
3 Months Avg MDR										0.00%		0.00%		0.00%
12 Months Avg MDR										0.00%		0.00%		0.00%
Avg MDR Since Cut-off										0.00%		0.00%		0.00%
CDR										0.00%		0.00%		0.00%
3 Months Avg CDR										0.00%		0.00%		0.00%
12 Months Avg CDR										0.00%		0.00%		0.00%
Avg CDR Since Cut-off										0.00%		0.00%		0.00%
SDA										0.00%		0.00%		0.00%
3 Months Avg SDA Approximation										0.00%		0.00%		0.00%
12 Months Avg SDA Approximation										0.00%		0.00%		0.00%
Avg SDA Since Cut-off Approximation										0.00%		0.00%		0.00%
Loss Severity Approximation for Current Period										0.00%		0.00%		0.00%
3 Months Avg Loss Severity Approximation										0.00%		0.00%		0.00%
12 Months Avg Loss Severity Approximation										0.00%		0.00%		0.00%
Avg Loss Severity Approximation Since Cut-off										0.00%		0.00%		0.00%
Page 20 of 24
Page 21 of 25
Saxon Asset Securities Trust 2005-3
Mortgage Pass-Through Certificates
2005-3
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 21 of 24
Page 22 of 25
Saxon Asset Securities Trust 2005-3
Mortgage Pass-Through Certificates
2005-3
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)
TOTAL
Page 22 of 24
Page 23 of 25
Saxon Asset Securities Trust 2005-3
Mortgage Pass-Through Certificates
2005-3
October 25, 2005 Distribution
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								04,190,454.0035
						Ending Collateral Balance								~~752~~865,~~345~~034,~~639~~686.3699
						Delinquency Percentage								0.~~0000~~4800%
						Senior Enhancement Percentage								1920.~~957446~~921716%
						Cumulative Loss Percentage								0.00000000%
ADJUSTABLE RATE CERTIFICATE INFORMATION
SPACE INTENTIONALLY LEFT BLANK
ADDITIONAL INFORMATION
SPACE INTENTIONALLY LEFT BLANK
Page 23 of 24
Page 24 of 25
Saxon Asset Securities Trust 2005-3
Mortgage Pass-Through Certificates
2005-3
October 25, 2005 Distribution
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-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										~~$95.88~~#######		$0.00
			B-4										#######		$0.00
Page 24 of 24
Page 25 of 25

Filing Compare · Saxon Asset Securities Trust 2005-3