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): ~~May~~June 2725, 2003 SAXON ASSET SECURITIES COMPANY, (as Depositor, Saxon Mortgage Inc., as Master Servicer, and Deutsche Bank National Trust Company, as Trustee). SAXON ASSET SECURITIES CO MORT LOAN ASSET BK CER 2003-1 (Exact name of Registrant as specified in its Charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-67170-05 52-1865887 (Commission File Number) (I.R.S. Employer Identification No.) 4951 Lake Brook Drive Glen Allen, Virginia 23060 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (804) 967-7400 Item 5. Other Events Attached hereto is a copy of the Monthly Remittance Statements to the Certificateholders which was derived from the monthly information submitted by the Master Servicer of the Trust to the Trustee. Item 7. Financial Statement and Exhibits Exhibits: (as noted in Item 5 above) Monthly Remittance Statement to the Certificateholders dated as of ~~May~~June 2725, 2003. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. Deutsche Bank National Trust Company, not in its individual capacity, but solely as a duly authorized agent of the Registrant pursuant to the Pooling and Servicing Agreement, dated as of March 1,2003.. Date: ~~Jun~~Jul 02, 2003 By: /s/ David Co David Co Vice President EXHIBIT INDEX DOCUMENT Monthly Remittance Statement to the Certificateholders dated as of ~~May~~June 2725, 2003.

	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	May 27, 2003 Distribution
	June 25, 2003 Distribution
	Contents
			TABLE OF CONTENTS
								Page
			1.	Contents				1
			2.	Certificate Payment Report				2
			3.	Collection Account Report				4
			4.	Credit Enhancement Report				7
			5.	Collateral Report				8
			6.	Delinquency Report				11
			7.	REO Report				15
			8.	Foreclosure Report				16
			9.	Prepayment Report				17
			10.	Prepayment Detail Report				20
			11.	Realized Loss Report				2122
			12.	Realized Loss Detail Report				2425
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				2526
			14.	Additional Certificate Report				2627
				Total Number of Pages				2627
			CONTACTS
				Administrator: Barbara Rowe
				Direct Phone Number: (714)247-6284
				Address: Deutsche Bank
				1761 E. St. Andrew Place, Santa Ana, CA 92705
				Web Site: https://www.corporatetrust.db.com/invr
				Factor Information: (800) 735-7777
				Main Phone Number: (714) 247-6000
ISSUANCE INFORMATION
	Seller:		Saxon					Cut-Off Date: March 1, 2003
	Certificate Insurer(s):							Closing Date: March 6, 2003
								First Payment Date: April 25, 2003
	Servicer(s):		Saxon Mortgage Services, Inc. Master Servicer
								Distribution Date: May 27, 2003
								Distribution Date: June 25, 2003
	Underwriter(s):		Greenwich Capital Markets Lead Underwriter					Record Date: ~~May~~June 2324, 2003
			CS First Boston Underwriter					~~April~~May 30, 2003
			J. P. Morgan Underwriter
			Merrill Lynch & Co. Underwriter
						Page 1 of 26					© COPYRIGHT 2003 Deutsche Bank
						Page 1 of 27					© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	REMIC V Series 2003-1
	Certificate Payment Report for May 27, 2003 Distribution
	Certificate Payment Report for June 25, 2003 Distribution
	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)
AF-1	FLT	84,500,000.00			8179,~~316~~334,~~196~~509.2014	~~102~~90,~~611~~716.1747	12,~~981~~632,~~687~~531.0615	2,~~084~~723,~~298~~247.2362	-	-	7976,~~334~~701,~~509~~977.1499
AF-2	AFC	30,750,000.00			30,750,000.00	61,~~227~~221.0822	-	61,~~227~~221.0822	-	-	30,750,000.00
AF-3	AFC	37,750,000.00			37,750,000.00	91,~~833~~824.3254	-	91,~~833~~824.3254	-	-	37,750,000.00
AF-4	AFC	22,200,000.00			22,200,000.00	73,~~240~~233.05	-	73,~~240~~233.05	-	-	22,200,000.00
AF-5	STEP	28,714,000.00			28,714,000.00	118,~~532~~521.6127	-	118,~~532~~521.6127	-	-	28,714,000.00
AF-6	STEP	17,000,000.00			17,000,000.00	60,~~829~~823.2645	-	60,~~829~~823.2645	-	-	17,000,000.00
AF-7	STEP	50,000,000.00			4948,~~279~~830,~~401~~881.9997	~~145~~143,~~088~~754.3304	~~448~~595,~~520~~827.0214	~~593~~739,~~608~~581.3518	-	-	48,~~830~~235,~~881~~054.9783
AV-1	FLT	181,418,000.00			~~178~~176,~~862~~644,~~758~~182.2985	~~259~~231,~~152~~943.2663	24,~~218~~081,~~575~~054.4451	24,~~477~~312,~~727~~998.7014	-	-	~~176~~172,~~644~~563,~~182~~128.8534
AV-2	FLT	181,418,000.00			~~178~~173,~~742~~081,~~489~~194.7149	~~260~~228,~~566~~659.8349	5,~~661~~099,~~295~~082.2287	5,~~921~~327,~~862~~742.0536	-	-	~~173~~167,~~081~~982,~~194~~111.4962
AF-IO	IO	-			-	~~344~~343,~~321~~251.6559	-	~~344~~343,~~321~~251.6559	-	-	-
AV-IO	IO	-			-	~~461~~460,~~376~~235.2500	-	~~461~~460,~~376~~235.2500	-	-	-
S	IO	-			-	65,~~558~~858.7294	-	65,~~558~~858.7294	-	-	-
M-1	MEZ	45,000,000.00			45,000,000.00	8073,~~778~~198.0006	-	8073,~~778~~198.0006	-	-	45,000,000.00
M-2	MEZ	39,375,000.00			39,375,000.00	~~105~~95,~~671~~755.2239	-	~~105~~95,~~671~~755.2239	-	-	39,375,000.00
M-3	MEZ	11,250,000.00			11,250,000.00	3834,~~189~~606.6001	-	3834,~~189~~606.6001	-	-	11,250,000.00
BF	SUB	15,625,000.00			15,625,000.00	78,~~103~~096.7326	-	78,~~103~~096.7326	-	-	15,625,000.00
BV	SUB	5,000,000.00			5,000,000.00	2119,~~416~~406.3975	-	2119,~~416~~406.3975	-	-	5,000,000.00
C	SUB	-			-	-	-	-	-	-	-
P	SUB	-			-	4651,~~162~~793.8704	-	4651,~~162~~793.8704	-	-	-
R	R	-			-	-	-	-	-	-	-
Total		750,000,000.00			~~740~~730,~~864~~554,~~846~~768.1945	2,~~355~~262,~~659~~898.3420	1012,~~310~~408,~~077~~495.7467	1214,~~665~~671,~~737~~393.0887	-	-	~~730~~718,~~554~~146,~~768~~272.4578
Non-Delay Certificates Record Date: 5/23/03
Non-Delay Certificates Record Date: 6/24/03
	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)	(2)	(3)	(4)=(2)+(3)	(5)
AF-1	0405/2527/03	0506/2624/03		A-Act/360	805564MP3	84,500,000.00	~~962~~938.~~321849~~869931	1.~~214333~~073568	2331.~~451918~~154215	2432.~~666251~~227782	~~938~~907.~~869931~~715716
AF-2				F-30/360	805564MQ1	30,750,000.00	1,000.000000	1.~~991125~~990934	-	1.~~991125~~990934	1,000.000000
AF-3				F-30/360	805564MR9	37,750,000.00	1,000.000000	2.~~432671~~432438	-	2.~~432671~~432438	1,000.000000
AF-4				F-30/360	805564MS7	22,200,000.00	1,000.000000	3.~~299101~~298786	-	3.~~299101~~298786	1,000.000000
AF-5				F-30/360	805564MT5	28,714,000.00	1,000.000000	4.~~128042~~127647	-	4.~~128042~~127647	1,000.000000
AF-6				F-30/360	805564MU2	17,000,000.00	1,000.000000	3.~~578192~~577850	-	3.~~578192~~577850	1,000.000000
AF-7				F-30/360	805564MV0	50,000,000.00	~~985~~976.~~588040~~617639	2.~~901767~~875081	811.~~970400~~916543	1114.~~872167~~791624	~~976~~964.~~617639~~701097
AV-1	0405/2527/03	0506/2624/03		A-Act/360	805564MW8	181,418,000.00	~~985~~973.~~915170~~686089	1.~~428482~~278504	1222.~~229081~~495312	1323.~~657563~~773816	~~973~~951.~~686089~~190777
AV-2	0405/2527/03	0506/2624/03		A-Act/360	805564MX6	181,418,000.00	~~985~~954.~~252234~~046426	1.~~436279~~260401	3128.~~205808~~106819	3229.~~642087~~367220	~~954~~925.~~046426~~939607
AF-IO				F-30/360	805564MY4	99,770,000.00	~~998~~995.~~195850~~188935	3.~~451154~~440429	-	3.~~451154~~440429	~~995~~991.~~188935~~680866
AV-IO				F-30/360	805564MZ1	133,610,000.00	~~998~~996.~~503106~~033231	3.~~453157~~444615	-	3.~~453157~~444615	~~996~~993.~~033231~~114288
S	0405/2527/03	0506/2624/03		A-Act/360	805564NA5	424,200,251.00	~~993~~979.~~946091~~749271	0.~~015461~~013812	-	0.~~015461~~013812	~~979~~962.~~749271~~428175
M-1	0405/2527/03	0506/2624/03		A-Act/360	805564NB3	45,000,000.00	1,000.000000	1.~~795067~~626624	-	1.~~795067~~626624	1,000.000000
M-2	0405/2527/03	0506/2624/03		A-Act/360	805564NC1	39,375,000.00	1,000.000000	2.~~683714~~431883	-	2.~~683714~~431883	1,000.000000
M-3	0405/2527/03	0506/2624/03		A-Act/360	805564ND9	11,250,000.00	1,000.000000	3.~~394631~~076090	-	3.~~394631~~076090	1,000.000000
BF				F-30/360	805564NE7	15,625,000.00	1,000.000000	4.~~998639~~998161	-	4.~~998639~~998161	1,000.000000
BV	0405/2527/03	0506/2624/03		A-Act/360	805564NF4	5,000,000.00	1,000.000000	43.~~283278~~881350	-	43.~~283278~~881350	1,000.000000
C				A-30/360		750,000,000.00	~~989~~978.~~173035~~663049	-	-	-	~~978~~965.~~663049~~420115
P				-		-	-	-	-	-	-
R				-		-	-	-	-	-	-
							Page 2 of 26				© COPYRIGHT 2003 Deutsche Bank
							Page 2 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	REMIC V Series 2003-1
	Certificate Payment Report for May 27, 2003 Distribution
	Certificate Payment Report for June 25, 2003 Distribution
	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)
AF-1	84,500,000.00		~~270~~361,~~616~~333.8027		46,~~544~~827,~~356~~590.9450	~~621~~970,~~133~~431.9251	57,~~165~~798,~~490~~022.8601	58,~~436~~159,~~107~~355.6628	-	-	7976,~~334~~701,~~509~~977.1499
AF-2	30,750,000.00		~~122~~183,~~455~~676.7496		-	-	-	~~122~~183,~~455~~676.7496	-	-	30,750,000.00
AF-3	37,750,000.00		~~183~~275,~~669~~493.0256		-	-	-	~~183~~275,~~669~~493.0256	-	-	37,750,000.00
AF-4	22,200,000.00		~~146~~219,~~482~~715.0005		-	-	-	~~146~~219,~~482~~715.0005	-	-	22,200,000.00
AF-5	28,714,000.00		~~237~~355,~~071~~593.9623		-	-	-	~~237~~355,~~071~~593.9623	-	-	28,714,000.00
AF-6	17,000,000.00		~~121~~182,~~660~~483.1055		-	-	-	~~121~~182,~~660~~483.1055	-	-	17,000,000.00
AF-7	50,000,000.00		~~292~~436,~~302~~056.0610		1,~~169~~764,~~118~~945.0418	-	1,~~169~~764,~~118~~945.0317	12,~~461~~201,~~420~~001.0927	-	-	48,~~830~~235,~~881~~054.9783
AV-1	181,418,000.00		~~672~~904,~~855~~799.8548		48,~~513~~452,~~905~~228.8552	~~259~~402,~~911~~643.3014	48,~~773~~854,~~817~~871.1566	59,~~446~~759,~~673~~671.0014	-	-	~~176~~172,~~644~~563,~~182~~128.8534
AV-2	181,418,000.00		~~676~~905,~~790~~449.1261		813,~~069~~024,~~300~~097.2473	~~267~~411,~~505~~790.2765	813,~~336~~435,~~805~~888.5138	914,~~013~~341,~~595~~337.6399	-	-	~~173~~167,~~081~~982,~~194~~111.4962
AF-IO	-		~~689~~1,~~274~~032,526.5716		-	-	-	~~689~~1,~~274~~032,526.5716	-	-	-
AV-IO	-		~~923~~1,~~444~~383,679.17		-	-	-	~~923~~1,~~444~~383,679.17	-	-	-
S	-		915,~~869~~728.8478		-	-	-	915,~~869~~728.8478	-	-	-
M-1	45,000,000.00		~~207~~280,~~739~~937.2228		-	-	-	~~207~~280,~~739~~937.2228	-	-	45,000,000.00
M-2	39,375,000.00		~~271~~367,~~438~~194.6201		-	-	-	~~271~~367,~~438~~194.6201	-	-	39,375,000.00
M-3	11,250,000.00		98132,~~051~~657.7273		-	-	-	98132,~~051~~657.7273	-	-	11,250,000.00
BF	15,625,000.00		~~156~~234,~~213~~309.4470		-	-	-	~~156~~234,~~213~~309.4470	-	-	15,625,000.00
BV	5,000,000.00		5474,~~966~~372.2297		-	-	-	5474,~~966~~372.2297	-	-	5,000,000.00
C	-		-		-	-	-	-	-	-	-
P	-		79131,~~311~~104.4650		-	-	-	79131,~~311~~104.4650	-	-	-
R	-		-		-	-	-	-	-	-	-
Total	750,000,000.00		57,~~214~~477,~~212~~111.9111		1830,~~296~~068,~~681~~861.0793	1,~~148~~784,~~550~~865.4930	1931,~~445~~853,~~231~~727.5522	2439,~~659~~330,~~444~~838.4633	-	-	~~730~~718,~~554~~146,~~768~~272.4578
	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	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)
AF-1	1.42000%	8179,~~316~~334,~~196~~509.2014			~~102~~90,~~611~~716.1747	-	-	-	~~102~~90,~~611~~716.1747	~~102~~90,~~611~~716.1747	-
AF-2	2.39000%	30,750,000.00			61,~~227~~221.0822	-	-	-	61,~~227~~221.0822	61,~~227~~221.0822	-
AF-3	2.92000%	37,750,000.00			91,~~833~~824.3254	-	-	-	91,~~833~~824.3254	91,~~833~~824.3254	-
AF-4	3.96000%	22,200,000.00			73,~~240~~233.05	-	-	-	73,~~240~~233.05	73,~~240~~233.05	-
AF-5	4.95500%	28,714,000.00			118,~~532~~521.6127	-	-	-	118,~~532~~521.6127	118,~~532~~521.6127	-
AF-6	4.29500%	17,000,000.00			60,~~829~~823.2645	-	-	-	60,~~829~~823.2645	60,~~829~~823.2645	-
AF-7	3.53400%	4948,~~279~~830,~~401~~881.9997			~~145~~143,~~088~~754.3304	-	-	-	~~145~~143,~~088~~754.3304	~~145~~143,~~088~~754.3304	-
AV-1	1.63000%	~~178~~176,~~862~~644,~~758~~182.2985			~~259~~231,~~152~~943.2663	-	-	-	~~259~~231,~~152~~943.2663	~~259~~231,~~152~~943.2663	-
AV-2	1.64000%	~~178~~173,~~742~~081,~~489~~194.7149			~~260~~228,~~566~~659.8349	-	-	-	~~260~~228,~~566~~659.8349	~~260~~228,~~566~~659.8349	-
AF-IO	4.15000%	99,~~590~~290,000.00			~~344~~343,~~321~~251.6559	-	-	-	~~344~~343,~~321~~251.6559	~~344~~343,~~321~~251.6559	-
AV-IO	4.15000%	133,~~410~~080,000.00			~~461~~460,~~376~~235.2500	-	-	-	~~461~~460,~~376~~235.2500	~~461~~460,~~376~~235.2500	-
S	0.01750%	~~421~~415,~~632~~609,~~181~~886.3054			65,~~558~~858.7294	-	-	-	65,~~558~~858.7294	65,~~558~~858.7294	-
M-1	2.02000%	45,000,000.00			8073,~~778~~198.0006	-	-	-	8073,~~778~~198.0006	8073,~~778~~198.0006	-
M-2	3.02000%	39,375,000.00			~~105~~95,~~671~~755.2239	-	-	-	~~105~~95,~~671~~755.2239	~~105~~95,~~671~~755.2239	-
M-3	3.82000%	11,250,000.00			3834,~~189~~606.6001	-	-	-	3834,~~189~~606.6001	3834,~~189~~606.6001	-
BF	6.00000%	15,625,000.00			78,~~103~~096.7326	-	-	-	78,~~103~~096.7326	78,~~103~~096.7326	-
BV	4.82000%	5,000,000.00			2119,~~416~~406.3975	-	-	-	2119,~~416~~406.3975	2119,~~416~~406.3975	-
C	34.~~92665~~04845%	~~741~~733,~~879~~997,~~776~~286.2341			-	-	13,~~014~~442,~~930~~517.0496	-	-	-	35,~~442~~918,~~517~~813.9656
P		-			4651,~~162~~793.8704	-	-	-	4651,~~162~~793.8704	4651,~~162~~793.8704	-
R		-			-	-	-	-	-	-	-
Total		2,~~137~~112,~~376~~531,~~803~~941.7240			2,~~355~~262,~~659~~898.3420	-	13,~~014~~442,~~930~~517.0496	-	2,~~355~~262,~~659~~898.3420	2,~~355~~262,~~659~~898.3420	35,~~442~~918,~~517~~813.9656
See page 26 for Optimal Pass-Through Rate
							Page 3 of 26				© COPYRIGHT 2003 Deutsche Bank
							Page 3 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Collection Account Report for May 27, 2003 Distribution
	Collection Account Report for June 25, 2003 Distribution
	Collection Account Report
SUMMARY					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Principal Collections				4,~~328~~078,~~299~~820.2790	13,~~696~~264,~~194~~487.6113	12,~~857~~582,~~995~~404.9464	79,~~882~~925,~~489~~712.8267
	Principal Withdrawals				0.00	0.00	0.00	0.00
	Principal Other Accounts				0.00	0.00	0.00	0.00
	TOTAL NET PRINCIPAL				4,~~328~~078,~~299~~820.2790	13,~~696~~264,~~194~~487.6113	12,~~857~~582,~~995~~404.9464	79,~~882~~925,~~489~~712.8267
	Interest Collections				1,~~473~~414,~~677~~430.8592	1,~~479~~480,~~149~~146.5887	2,~~020~~035,~~231~~040.5728	4,~~973~~929,~~059~~618.0007
	Interest Withdrawals				0.00	0.00	0.00	0.00
	Interest Other Accounts				0.00	0.00	0.00	0.00
	Interest Fees				(5148,~~666~~949.3159)	(5250,~~485~~728.5839)	(8584,~~659~~258.8588)	(~~189~~183,~~811~~936.7486)
	TOTAL NET INTEREST				1,~~422~~365,~~011~~481.5433	1,~~426~~429,~~664~~418.0048	1,~~934~~950,~~571~~781.7240	4,~~783~~745,~~247~~681.2621
	TOTAL AVAILABLE FUNDS TO BONDHOLDERS				5,~~750~~444,~~310~~302.8123	34,~~122~~693,~~858~~905.61	34,~~792~~533,~~567~~186.6604	1214,~~665~~671,~~737~~393.0888
PRINCIPAL - COLLECTIONS					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Scheduled Principal				~~146~~144,~~040~~285.6938	~~143~~142,~~663~~731.9384	~~348~~349,~~925~~297.6059	~~638~~636,~~630~~314.2281
	Curtailments				935,~~951~~551.3925	2718,~~309~~415.6026	5533,~~764~~336.7932	9387,~~025~~302.7883
	Prepayments in Full				43,~~172~~654,~~307~~890.1939	13,~~525~~103,~~221~~340.0803	12,~~453~~199,~~305~~770.5573	78,~~150~~958,~~833~~001.8215
	Repurchases/Substitutions Shortfalls				0.00	0.00	0.00	0.00
	Liquidations				0250,581.0029	0.00	0.00	0250,581.0029
	Insurance Principal				0.00	0.00	0.00	0.00
	Other Additional Principal				0.00	0.00	0.00	0.00
	Delinquent Principal				(2630,~~443~~283.9575)	(2225,~~787~~803.9683)	(2429,~~106~~244.1343)	(7385,~~338~~332.0401)
	Advanced Principal				2630,~~443~~283.9575	2225,~~787~~803.9683	2429,~~106~~244.1343	7385,~~338~~332.0401
	Realized Losses				0(6,487.0041)	0.00	0.00	0(6,487.0041)
	TOTAL PRINCIPAL COLLECTED				4,~~328~~078,~~299~~820.2790	13,~~696~~264,~~194~~487.6113	12,~~857~~582,~~995~~404.9464	79,~~882~~925,~~489~~712.8267
				Page 4 of 26				© COPYRIGHT 2003 Deutsche Bank
				Page 4 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Collection Account Report for May 27, 2003 Distribution
	Collection Account Report for June 25, 2003 Distribution
	Collection Account Report
PRINCIPAL - WITHDRAWALS					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Prefunded Release Amount				0.00	0.00	0.00	0.00
	TOTAL OTHER ACCOUNTS PRINCIPAL				0.00	0.00	0.00	0.00
INTEREST - COLLECTIONS					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Scheduled Interest				1,~~418~~387,~~860~~403.5894	1,~~451~~439,~~654~~825.0576	2,~~014~~003,~~002~~127.5877	4,~~884~~830,~~517~~357.2147
	Repurchases/Substitutions				0.00	0.00	0.00	0.00
	Liquidations				01,983.0077	0.00	0.00	01,983.0077
	Insurance Interest				0.00	0.00	0.00	0.00
	Other Additional Interest				0.00	0.00	0.00	0.00
	Month End Interest (PPIS)				(2,~~628~~117.8067)	(~~619~~1,642.9676)	(~~108~~518.5900)	(34,~~357~~278.3543)
	Delinquent Interest				(~~288~~330,~~915~~717.7242)	(~~279~~318,~~016~~058.5900)	(~~190~~214,~~928~~363.9670)	(~~758~~863,~~861~~139.2712)
	Realized Losses				0(1,587.0039)	0.00	0.00	0(1,587.0039)
	Compensating Month End Interest				2,~~628~~117.8067	~~619~~1,642.9676	~~108~~518.5900	34,~~357~~278.3543
	Other Interest Shortfall (Relief Act)				0.00	0.00	(~~359~~472.9870)	(~~359~~472.9870)
	Non Recoverable Advance				0.00	0.00	0.00	0.00
	Interest Advanced				~~278~~319,~~656~~003.0646	~~269~~307,~~562~~323.3797	~~184~~206,~~137~~666.4401	~~732~~832,~~355~~993.8744
	Prepayment Penalties				6538,~~076~~344.9356	3651,~~949~~055.7514	1340,~~380~~082.4990	~~115~~129,~~407~~482.1760
	TOTAL INTEREST COLLECTED				1,~~473~~414,~~677~~430.8592	1,~~479~~480,~~149~~146.5887	2,~~020~~035,~~231~~040.5728	4,~~973~~929,~~059~~618.0007
				Page 5 of 26				© COPYRIGHT 2003 Deutsche Bank
				Page 5 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Collection Account Report for May 27, 2003 Distribution
	Collection Account Report for June 25, 2003 Distribution
	Collection Account Report
INTEREST - WITHDRAWALS					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
SPACE INTENTIONALLY LEFT BLANK
INTEREST - OTHER ACCOUNTS					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	TOTAL OTHER ACCOUNT INTEREST				0.00	0.00	0.00	0.00
INTEREST - FEES					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Current Servicing Fees				4240,~~819~~283.7437	4341,~~631~~948.0904	7271,~~437~~122.9623	~~158~~153,~~888~~353.7964
	Master Servicing Fee				8,~~846~~666.5722	8,~~854~~780.4935	13,~~221~~136.8965	30,~~922~~583.9522
	TOTAL INTEREST OTHER FEES				5148,~~666~~949.3159	5250,~~485~~728.5839	8584,~~659~~258.8588	~~189~~183,~~811~~936.7486
				Page 6 of 26				© COPYRIGHT 2003 Deutsche Bank
				Page 6 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Credit Enhancement Report for May 27, 2003 Distribution
	Credit Enhancement Report for June 25, 2003 Distribution
	Credit Enhancement Report
ACCOUNTS					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Basis Risk Reserve Fund Beginning Balance							1,000.00
	Basis Risk Payment							0.00
	Cap Carryover Amount							0.00
	Excess of Required Reserve Fund Deposit							0.00
	Basis Risk Reserve Fund Ending Balance							1,000.00
	Required Reserve Fund Deposit							0.00
	Int Earnings on Basis Risk Reserve Fund (pay to Class C)							0.00
INSURANCE					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Extra Principal Distribution Amt				1,~~332~~020,~~995~~261.9597	~~522~~816,~~380~~567.8338	~~572~~645,~~211~~953.1465	2,~~427~~482,~~587~~783.9200
	Overcollateralization Amount							35,~~442~~918,~~517~~813.9655
	Overcollateralization Requirement							20,250,000.00
	Overcollateralization Release Amount				0.00	0.00	0.00	0.00
				Page 7 of 26				© COPYRIGHT 2003 Deutsche Bank
				Page 7 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Collateral Report for May 27, 2003 Distribution
	Collateral Report for June 25, 2003 Distribution
	Collateral Report
COLLATERAL					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Loan Count:
	Original				810	1268	1772	3850
	Prior				~~802~~992	1,~~256~~519	12,~~756~~308	34,~~814~~819
	Prefunding				~~200~~-	~~274~~-	~~563~~-	~~1,037~~-
	Scheduled Paid Offs				-	-	-	-
	Full Voluntary Prepayments				(1012)	(1116)	(1117)	(3245)
	Repurchases				-	-	-	-
	Liquidations				-(1)	-	-	-(1)
	Current				~~992~~979	1,~~519~~503	2,~~308~~291	4,~~819~~773
	Principal Balance:
	Original				176,407,451.27	176,407,449.58	249,395,711.23	602,210,612.08
	Prior				~~174~~207,~~029~~989,~~865~~301.85	~~174~~210,~~136~~728,~~776~~313.0207	~~245~~315,~~927~~279,~~695~~671.6949	~~594~~733,~~094~~997,~~337~~286.5641
	Prefunding				~~38,287,735.27~~-	~~38,287,731.66~~-	~~71,209,971.74~~-	~~147,785,438.67~~-
	Scheduled Principal				(~~146~~144,~~040~~285.6938)	(~~143~~142,~~663~~731.9384)	(~~348~~349,~~925~~297.6059)	(~~638~~636,~~630~~314.2281)
	Partial and Full Voluntary Prepayments				(43,~~182~~690,~~258~~441.5864)	(13,~~552~~121,~~530~~755.6829)	(12,~~509~~233,~~070~~107.3405)	(79,~~243~~045,~~859~~303.6098)
	Repurchases				-	-	-	-
	Liquidations				-(250,581.29)	-	-	-(250,581.29)
	Current				~~207~~203,~~989~~903,~~301~~993.8554	~~210~~207,~~728~~463,~~313~~825.0794	~~315~~312,~~279~~697,~~671~~266.4985	~~733~~724,~~997~~065,~~286~~086.4133
PREFUNDING					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Prefunding Beginning Balance				~~38,287,735~~0.2700	~~38,287,731~~0.6600	~~71,209,971~~0.7400	~~147,785,438~~0.6700
	Balance of Subsequent Loans Transfered				~~(38,287,735~~0.~~27)~~00	~~(38,287,731~~0.~~66)~~00	~~(71,209,971~~0.~~74)~~00	~~(147,785,438~~0.~~67)~~00
	Prefunded Amount Dispursed To Offered Certificates				0.00	0.00	0.00	0.00
	Prefunding Ending Balance				0.00	0.00	0.00	0.00
	Fixed		Adjustable
	Adjustable
Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)
				Page 8 of 26				© COPYRIGHT 2003 Deutsche Bank
				Page 8 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Collateral Report for May 27, 2003 Distribution
	Collateral Report for June 25, 2003 Distribution
	Collateral Report
CHARACTERISTICS					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Weighted Average Coupon Original				8.030156%	8.234141%	7.581514%	7.904112%
	Weighted Average Coupon Prior				8.~~030156~~019272%	8.~~234141~~200489%	7.~~581514~~620675%	7.~~904112~~900769%
	Weighted Average Coupon Current				8.~~019272~~016111%	8.~~200489~~199140%	7.~~620675~~624194%	7.~~900769~~900315%
	Weighted Average Months to Maturity Original				357	357	308	337
	Weighted Average Months to Maturity Prior				~~357~~356	~~357~~356	~~308~~309	~~337~~336
	Weighted Average Months to Maturity Current				~~356~~355	~~356~~355	~~309~~308	~~336~~335
	Weighted Avg Remaining Amortization Term Original				357	356	325	344
	Weighted Avg Remaining Amortization Term Prior				~~357~~356	356	325	~~344~~343
	Weighted Avg Remaining Amortization Term Current				~~356~~355	~~356~~355	~~325~~324	~~343~~342
	Weighted Average Seasoning Original				3.43	3.69	3.16	3.39
	Weighted Average Seasoning Prior				34.4304	34.6919	3.1664	3.3991
	Weighted Average Seasoning Current				45.0401	45.1916	34.6461	34.9188
Note: Original information refers to deal issue.
	Fixed		Adjustable
	Adjustable
WAC by Groups					Total WAC
WARAT by Groups					Total WARAT
Note: Dates correspond to distribution dates.
				Page 9 of 26				© COPYRIGHT 2003 Deutsche Bank
				Page 9 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Collateral Report for May 27, 2003 Distribution
	Collateral Report for June 25, 2003 Distribution
	Collateral Report
ARM CHARACTERISTICS					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Weighted Average Margin Original				6.000%	5.790%
	Weighted Average Margin Prior				6.000%	5.~~790~~733%
	Weighted Average Margin Current				6.000%	5.~~733~~728%
	Weighted Average Max Rate Original				15.000%	14.820%
	Weighted Average Max Rate Prior				15.000%	14.~~820~~763%	7.625%
	Weighted Average Max Rate Current				15.000%	14.~~763~~757%	7.~~625~~624%
	Weighted Average Min Rate Original				7.000%	7.440%
	Weighted Average Min Rate Prior				7.000%	7.~~440~~376%	7.625%
	Weighted Average Min Rate Current				7.000%	7.~~376~~369%	7.~~625~~624%
	Weighted Average Cap Up Original				1.000%	1.028%
	Weighted Average Cap Up Prior				1.000%	1.~~028~~026%
	Weighted Average Cap Up Current				1.000%	1.026%
	Weighted Average Cap Down Original				1.000%	1.028%
	Weighted Average Cap Down Prior				1.000%	1.~~028~~026%
	Weighted Average Cap Down Current				1.000%	1.026%
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Current Servicing Fees				4240,~~819~~283.7437	4341,~~631~~948.0904	7271,~~437~~122.9623	~~158~~153,~~888~~353.7964
	Delinquent Servicing Fees				1011,~~259~~713.6696	910,~~454~~734.2203	67,~~791~~697.5269	2630,~~505~~145.4068
	Master Servicing Fees				8,~~846~~666.5722	8,~~854~~780.4935	13,~~221~~136.8965	30,~~922~~583.9522
	TOTAL SERVICING FEES				6160,~~925~~663.9755	61,~~939~~462.8042	9291,~~451~~956.3757	~~216~~214,~~317~~082.1454
	Total Servicing Fees				6160,~~925~~663.9755	61,~~939~~462.8042	9291,~~451~~956.3757	~~216~~214,~~317~~082.1454
	Compensating Month End Interest				2,~~628~~117.8067	~~619~~1,642.9676	~~108~~518.5900	34,~~357~~278.3543
	Delinquent Servicing Fees				(1011,~~259~~713.6696)	(910,~~454~~734.2203)	(67,~~791~~697.5269)	(2630,~~505~~145.4068)
	COLLECTED SERVICING FEES				5451,~~295~~067.1126	5352,~~105~~371.5415	8584,~~768~~776.4488	~~193~~188,~~169~~215.0929
	Prepayment Interest Shortfall				2,~~628~~117.8067	~~619~~1,642.9676	~~108~~518.5900	34,~~357~~278.3543
	Total Advanced Interest				~~278~~319,~~656~~003.0646	~~269~~307,~~562~~323.3797	~~184~~206,~~137~~666.4401	~~732~~832,~~355~~993.8744
ADDITIONAL COLLATERAL INFORMATION					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Weighted Average Net Rate				7.~~669272~~656952%	7.~~850587~~849140%	7.~~269491~~272395%	7.~~550291~~546947%
	Largest Loan Balance				1,~~577~~576,~~033~~030.2246	~~428~~394,~~055~~528.0631	1,~~123~~122,~~164~~544.7641	1,~~123~~122,~~164~~544.7641
	Next One-Month LIBOR							1.~~320000~~035000%
	Current One-Month LIBOR							1.320000%
				Page 10 of 26				© COPYRIGHT 2003 Deutsche Bank
				Page 10 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Delinquency Report for May 27, 2003 Distribution
	Delinquency Report for June 25, 2003 Distribution
	Delinquency Report - Total
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			1415,~~214~~892,~~948~~913.1336	14,~~438~~498,~~535~~690.4230	551,~~853~~089,359.1995	1521,~~709~~480,~~336~~963.7461
		% Balance			12.9419%	0.2062%	0.0115%	2.1497%
		# Loans			86112	930	17	96149
		% # Loans			12.7835%	0.1963%	0.0215%	13.9912%
FORECLOSURE		Balance		-	1254,~~470,080~~462.4696	-3,338,545.26	-	13,~~470~~593,~~080~~008.4622
		% Balance		0.00%	0.2004%	0.0046%	0.00%	0.2050%
		# Loans		-	82	-13	-	815
		% # Loans		0.00%	0.1704%	0.0027%	0.00%	0.1731%
BANKRUPTCY		Balance		1,~~191~~439,~~698~~853.7058	-326,343.87	-65,507.66	-	1,~~191~~831,~~698~~705.7011
		% Balance		0.1620%	0.0005%	0.0001%	0.00%	0.1625%
		# Loans		810	-1	-1	-	812
		% # Loans		0.1721%	0.0002%	0.0002%	0.00%	0.1725%
REO		Balance		-	-	-69,813.52	-	-69,813.52
		% Balance		0.00%	0.00%	0.0001%	0.00%	0.0001%
		# Loans		-	-	-1	-	-1
		% # Loans		0.00%	0.00%	0.0002%	0.00%	0.0002%
TOTAL		Balance		1,~~191~~439,~~698~~853.7058	1516,~~685~~473,~~028~~720.5919	17,~~438~~972,~~535~~556.4274	551,~~853~~089,359.1995	1826,~~371~~975,~~115~~490.9046
		% Balance		0.1620%	2.1428%	01.2010%	0.0115%	23.5073%
		# Loans		810	94115	945	17	~~112~~177
		% # Loans		0.1721%	12.9541%	0.1994%	0.0215%	23.3271%
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent
Total Foreclosure					Total Bankruptcy and REO
Note: Dates correspond to distribution dates.
				Page 11 of 26				© COPYRIGHT 2003 Deutsche Bank
				Page 11 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Delinquency Report for May 27, 2003 Distribution
	Delinquency Report for June 25, 2003 Distribution
	Delinquency Report - Fixed Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			13,~~756~~503,~~529~~627.6570	~~459~~355,~~500~~416.4580	55227,~~853~~772.1934	24,~~271~~086,~~883~~816.2984
		% Balance			01.5612%	0.1511%	0.0207%	01.7231%
		# Loans			1335	4	13	1842
		% # Loans			01.5653%	0.17%	0.0413%	01.7883%
FORECLOSURE		Balance		-	~~124,998.52~~-	-188,671.33	-	~~124~~188,~~998~~671.5233
		% Balance		0.00%	0.0400%	0.0006%	0.00%	0.0406%
		# Loans		-	2-	-3	-	23
		% # Loans		0.00%	0.0900%	0.0013%	0.00%	0.0913%
BANKRUPTCY		Balance		~~535~~534,~~224~~857.6334	-	-	-	~~535~~534,~~224~~857.6334
		% Balance		0.17%	0.00%	0.00%	0.00%	0.17%
		# Loans		3	-	-	-	3
		% # Loans		0.13%	0.00%	0.00%	0.00%	0.13%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL		Balance		~~535~~534,~~224~~857.6334	13,~~881~~503,~~528~~627.1770	~~459~~544,~~500~~088.4513	55227,~~853~~772.1934	24,~~932~~810,~~106~~345.4451
		% Balance		0.17%	01.6012%	0.1517%	0.0207%	01.9354%
		# Loans		3	1535	47	13	2348
		% # Loans		0.13%	01.6553%	0.1731%	0.0413%	12.0010%
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent
Total Foreclosure					Total Bankruptcy and REO
Note: Dates correspond to distribution dates.
				Page 12 of 26				© COPYRIGHT 2003 Deutsche Bank
				Page 12 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Delinquency Report for May 27, 2003 Distribution
	Delinquency Report for June 25, 2003 Distribution
	Delinquency Report - Adjustable Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			76,~~109~~914,~~918~~030.2762	~~475~~2,~~315~~814,752.6366	-397,723.42	710,~~585~~126,~~233~~506.9070
		% Balance			3.3733%	01.2336%	0.0019%	34.6088%
		# Loans			5055	320	-2	5377
		% # Loans			3.2966%	01.2033%	0.0013%	35.4912%
FORECLOSURE		Balance		-	~~312~~254,~~500~~462.1296	-462,071.58	-	~~312~~716,~~500~~534.1254
		% Balance		0.00%	0.1512%	0.0022%	0.00%	0.1535%
		# Loans		-	2	-4	-	26
		% # Loans		0.00%	0.13%	0.0027%	0.00%	0.1340%
BANKRUPTCY		Balance		~~571~~819,~~359~~936.8555	-	-	-	~~571~~819,~~359~~936.8555
		% Balance		0.2740%	0.00%	0.00%	0.00%	0.2740%
		# Loans		46	-	-	-	46
		% # Loans		0.2640%	0.00%	0.00%	0.00%	0.2640%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL		Balance		~~571~~819,~~359~~936.8555	7,~~422~~168,~~418~~493.3958	~~475~~3,~~315~~276,824.6324	-397,723.42	811,~~469~~662,~~093~~977.8779
		% Balance		0.2740%	3.5246%	01.2358%	0.0019%	45.0262%
		# Loans		46	5257	324	-2	5989
		% # Loans		0.2640%	3.4279%	01.2060%	0.0013%	35.8892%
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent
Total Foreclosure					Total Bankruptcy and REO
Note: Dates correspond to distribution dates.
				Page 13 of 26				© COPYRIGHT 2003 Deutsche Bank
				Page 13 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Delinquency Report for May 27, 2003 Distribution
	Delinquency Report for June 25, 2003 Distribution
	Delinquency Report - Adjustable Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			5,~~348~~475,~~500~~255.2104	~~503~~1,~~719~~328,520.3484	-463,864.19	57,~~852~~267,~~219~~640.5507
		% Balance			2.5769%	0.2465%	0.0023%	23.8156%
		# Loans			2322	26	-2	2530
		% # Loans			2.3225%	0.2061%	0.0020%	23.5206%
FORECLOSURE		Balance		-	~~1,032,581.82~~-	-2,687,802.35	-	12,~~032~~687,~~581~~802.8235
		% Balance		0.00%	0.5000%	01.0032%	0.00%	01.5032%
		# Loans		-	4-	-6	-	46
		% # Loans		0.00%	0.4000%	0.0061%	0.00%	0.4061%
BANKRUPTCY		Balance		85,~~114~~059.2269	-326,343.87	-65,507.66	-	85476,~~114~~911.22
		% Balance		0.04%	0.0016%	0.0003%	0.00%	0.0423%
		# Loans		1	-1	-1	-	13
		% # Loans		0.10%	0.0010%	0.0010%	0.00%	0.1031%
REO		Balance		-	-	-69,813.52	-	-69,813.52
		% Balance		0.00%	0.00%	0.0003%	0.00%	0.0003%
		# Loans		-	-	-1	-	-1
		% # Loans		0.00%	0.00%	0.0010%	0.00%	0.0010%
TOTAL		Balance		85,~~114~~059.2269	65,~~381~~801,~~082~~598.0391	~~503~~4,~~719~~151,644.3437	-463,864.19	610,~~969~~502,~~915~~167.5916
		% Balance		0.04%	32.0785%	02.2404%	0.0023%	35.3515%
		# Loans		1	2723	214	-2	3040
		% # Loans		0.10%	2.7235%	01.2043%	0.0020%	34.0209%
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent
Total Foreclosure					Total Bankruptcy and REO
Note: Dates correspond to distribution dates.
				Page 14 of 26				© COPYRIGHT 2003 Deutsche Bank
				Page 14 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	REO Report for May 27, 2003 Distribution
	REO Report for June 25, 2003 Distribution
	REO Report - Mortgage Loans that Become REO During Current Distribution
SUMMARY				LOAN GROUP
Total Loan Count = 0				Loan Group 1 = Fixed Group; REO Book Value = 000.00
Total Loan Count = 1				Loan Group 1 = Fixed Group; REO Book Value = Not Available
Total Original Principal Balance = 000.00				Loan Group 2 = Adjustable Group; REO Book Value = 000.00
Total Original Principal Balance = 70,200.00				Loan Group 2 = Adjustable Group; REO Book Value = Not Available
Total Current Balance = 000.00				Loan Group 3 = Adjustable Group; REO Book Value = 000.00
Total Current Balance = 69,813.52				Loan Group 3 = Adjustable Group; REO Book Value = Not Available
REO Book Value = 000.00
REO Book Value = Not Available
REO Book Value reported corresponds to total REO loans, including loans that become REO during current distribution.
Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK
11537479 3		70,200.00	69,813.52	Mar-01-03	7.990%	MI - 90.00%	360	Sep-27-02
				Page 15 of 26				© COPYRIGHT 2003 Deutsche Bank
				Page 15 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Foreclosure Report for May 27, 2003 Distribution
	Foreclosure Report for June 25, 2003 Distribution
	Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution
SUMMARY				LOAN GROUP
Total Loan Count = 5				Loan Group 1 = Fixed Group
Total Loan Count = 8				Loan Group 1 = Fixed Group
Total Original Principal Balance = 488,550.00				Loan Group 2 = Adjustable Group
Total Original Principal Balance = 2,200,045.00				Loan Group 2 = Adjustable Group
Total Current Balance = 486,614.10				Loan Group 3 = Adjustable Group
Total Current Balance = 2,193,795.93				Loan Group 3 = Adjustable Group
Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
11374254 1		72,000.00	71,804.82	Mar-01-03	8.000%	KS - 80.00%	360	Dec-03-02
11541406 1		64,000.00	63,886.83	Feb-12-03	11.980%	TN - 80.00%	360	Nov-06-02
11544584 1		54,000.00	53,193.70	Mar-01-03	7.775%	TN - 80.00%	180	Nov-25-02
11531728 2		55,245.00	55,033.06	Mar-04-03	10.500%	LA - 84.99%	360	Sep-30-02
11541507 2		106,250.00	105,736.03	Mar-01-03	9.500%	CA - 85.00%	360	Sep-27-02
11540489 2		75,200.00	74,853.92	Mar-01-03	8.875%	AZ - 80.00%	360	Sep-27-02
11567114 2		207,000.00	206,764.09	Mar-01-03	10.750%	NJ - 90.00%	360	Jan-31-03
11540501 2		75,200.00	74,853.92	Mar-01-03	8.875%	AZ - 80.00%	360	Sep-27-02
11504046 3		49,300.00	49,115.46	Mar-01-03	10.450%	OH - 85.00%	360	Jul-22-02
11568837 2		200,000.00	199,429.90	Apr-01-03	7.750%	MS - 80.00%	360	Jan-29-03
				Page 16 of 26				© COPYRIGHT 2003 Deutsche Bank
11540470 3		75,200.00	74,853.92	Mar-01-03	8.875%	AZ - 80.00%	360	Sep-27-02
11540482 3		75,200.00	74,853.92	Mar-01-03	8.875%	AZ - 80.00%	360	Sep-27-02
11550032 3		1,580,000.00	1,576,030.46	Mar-01-03	8.375%	NJ - 56.43%	360	Jan-17-03
				Page 16 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Prepayment Report for May 27, 2003 Distribution
	Prepayment Report for June 25, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Current
	Number of Paid in Full Loans				1012	1116	1117	3245
	Number of Repurchased Loans				-	-	-	-
	Total Number of Loans Prepaid in Full				1012	1116	1117	3245
	Paid in Full Balance				43,~~172~~654,~~307~~890.1939	13,~~525~~103,~~221~~340.0803	12,~~453~~199,~~305~~770.5573	78,~~150~~958,~~833~~001.8215
	Repurchased Loans Balance				-	-	-	-
	Curtailments Amount				935,~~951~~551.3925	2718,~~309~~415.6026	5533,~~764~~336.7932	9387,~~025~~302.7883
	Total Prepayment Amount				43,~~182~~690,~~258~~441.5864	13,~~552~~121,~~530~~755.6829	12,~~509~~233,~~070~~107.3405	79,~~243~~045,~~859~~303.6098
	Cumulative
	Number of Paid in Full Loans				1830	2339	2744	68113
	Number of Repurchased Loans				-	-	-	-
	Total Number of Loans Prepaid in Full				1830	2339	2744	68113
	Paid in Full Balance				610,~~409~~064,~~235~~125.1352	36,~~652~~755,~~059~~399.3538	46,~~583~~783,~~370~~141.9568	1423,~~644~~602,~~665~~666.4358
	Repurchased Loans Balance				-	-	-	-
	Curtailments Amount				2964,~~144~~695.2954	5473,~~897~~312.5278	~~121~~154,~~506~~842.6294	~~205~~292,~~548~~851.4326
	Total Prepayment Amount				610,~~438~~128,~~379~~821.4206	36,~~706~~828,~~956~~712.8716	46,~~704~~937,~~877~~984.5762	1423,~~850~~895,~~213~~517.8684
SPACE INTENTIONALLY LEFT BLANK
Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)
				Page 17 of 26				© COPYRIGHT 2003 Deutsche Bank
				Page 17 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Prepayment Report for May 27, 2003 Distribution
	Prepayment Report for June 25, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENT RATES					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	SMM				1.9778%	01.7348%	0.4871%	01.9823%
	3 Months Avg SMM				1.68%	1.15%	0.82%	1.16%
	12 Months Avg SMM
	Avg SMM Since Cut-off				1.6368%	01.9815%	0.8882%	1.1216%
	CPR				2119.2534%	816.4341%	58.5718%	1113.1284%
	3 Months Avg CPR				18.36%	12.92%	9.44%	13.05%
	12 Months Avg CPR
	Avg CPR Since Cut-off				1718.8636%	1112.1192%	109.0744%	1213.6505%
	PSA				~~2630~~1930.0559%	~~1007~~1589.3427%	~~765~~887.7560%	~~1422~~1417.2340%
	3 Months Avg PSA Approximation				2206.41%	1486.02%	1242.02%	1606.44%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation				~~2390~~2206.7941%	~~1411~~1486.4302%	~~1481~~1242.5302%	~~1732~~1606.44%
	Fixed		Adjustable
	Adjustable
CPR by Groups					Total CPR
PSA by Groups					Total PSA
				Page 18 of 26				© COPYRIGHT 2003 Deutsche Bank
				Page 18 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Prepayment Report for May 27, 2003 Distribution
	Prepayment Report for June 25, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
	Fixed		Adjustable
	Adjustable
CPR Avg since Cut-Off by Groups					Total CPR Avg since Cut-Off
PSA Avg since Cut-Off by Groups					Total PSA Avg since Cut-Off
PREPAYMENT CALCULATION METHODOLOGY
Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases)/(Beg Principal Balance - Sched Principal)
Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)
PSA Standard Prepayment Model: CPR/(0.02*min(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)
Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12)
Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.02*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)
Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments and repurchases.
Dates correspond to distribution dates.
				Page 19 of 26				© COPYRIGHT 2003 Deutsche Bank
				Page 19 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for May 27, 2003 Distribution
	Prepayment Detail Report for June 25, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 32						Loan Group 1 = Fixed Group
Total Loan Count = 45						Loan Group 1 = Fixed Group
Total Original Principal Balance = 7,172,115.00						Loan Group 2 = Adjustable Group
Total Original Principal Balance = 9,000,039.00						Loan Group 2 = Adjustable Group
Total Prepayment Amount = 7,150,833.82						Loan Group 3 = Adjustable Group
Total Prepayment Amount = 8,958,001.15						Loan Group 3 = Adjustable Group
Loan Number			Original			Current	State &	Type Prepayment
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	&	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Original Term	Date
11483641 1			18,000.00	17,793.88	Apr-25-03	11.000%	CA - 20.00%	Paid Off - 240	Jun-25-02
11489367 1			25,000.00	24,564.93	Jun-17-03	14.000%	FL - 37.04%	Paid Off - 180	Jun-12-02
11499687 1			112,500.00	111,782.88	May-14-03	7.250%	NC - 79.23%	Paid Off - 360	Jul-24-02
11498130 1			75,000.00	74,517.24	Jun-09-03	7.200%	NC - 50.00%	Paid Off - 360	Aug-07-02
11521637 1			355,000.00	354,032.01	Apr-30-03	6.500%	CA - 78.54%	Paid Off - 360	Dec-06-02
11513399 1			204,000.00	198,452.04	Jun-04-03	6.500%	CT - 80.00%	Paid Off - 180	Aug-24-02
11526922 1			60,000.00	59,895.40	May-16-03	7.875%	TX - 42.86%	Paid Off - 360	Jan-13-03
11530970 1			143,960.00	143,959.43	Jun-09-03	7.250%	VA - 80.00%	Paid Off - 360	Nov-07-02
11531914 1			60,000.00	59,782.03	May-05-03	7.670%	FL - 61.22%	Paid Off - 360	Oct-25-02
11540838 1			254,250.00	250,636.74	Jun-16-03	7.125%	CT - 75.00%	Paid Off - 180	Sep-18-02
11537446 1			78,750.00	78,112.35	May-16-03	13.125%	CA - 15.00%	Paid Off - 180	Nov-01-02
11543493 1			49,500.00	49,257.24	Jun-02-03	12.375%	NV - 15.00%	Paid Off - 240	Nov-25-02
11544227 1			125,600.00	124,190.00	May-16-03	8.500%	MO - 80.00%	Paid Off - 180	Nov-13-02
11547357 1			171,700.00	169,830.04	May-30-03	6.650%	CT - 73.38%	Paid Off - 240	Nov-25-02
11546341 1			255,000.00	252,846.78	May-14-03	8.375%	MA - 46.36%	Paid Off - 180	Dec-13-02
11547753 1			160,600.00	160,015.09	May-27-03	7.625%	CO - 55.00%	Paid Off - 360	Dec-21-02
11547089 1			184,500.00	183,380.34	May-06-03	7.500%	CA - 90.00%	Paid Off - 360	Jul-01-02
11548270 1			329,000.00	327,976.86	May-30-03	7.313%	TX - 70.00%	Paid Off - 360	Dec-18-02
11548604 1			153,000.00	152,634.76	May-01-03	8.625%	VA - 44.74%	Paid Off - 360	Nov-21-02
11549878 1			205,000.00	204,063.29	Jun-10-03	6.500%	CA - 45.05%	Paid Off - 360	Nov-25-02
11567937 1			58,900.00	58,855.12	Apr-30-03	7.368%	MO - 95.00%	Paid Off - 360	Feb-19-03
11555340 1			90,000.00	89,820.81	May-19-03	9.500%	VA - 52.94%	Paid Off - 360	Dec-30-02
11541495 2			152,000.00	151,491.37	Apr-25-03	8.990%	CA - 80.00%	Paid Off - 360	Sep-26-02
11555565 1			59,400.00	59,322.94	Jun-17-03	11.500%	MN - 60.00%	Paid Off - 360	Dec-17-02
11549660 2			59,500.00	59,338.93	May-13-03	10.750%	MI - 85.00%	Paid Off - 360	Aug-30-02
11557841 1			59,999.00	59,680.69	Jun-11-03	10.990%	FL - 89.55%	Paid Off - 360	May-22-02
11555372 2			198,500.00	197,971.70	Apr-25-03	6.625%	WI - 94.57%	Paid Off - 360	Dec-31-02
11560335 1			55,000.00	54,870.49	Jun-03-03	7.250%	TX - 53.92%	Paid Off - 360	Jan-09-03
11559696 2			140,200.00	139,049.63	May-05-03	9.990%	FL - 84.97%	Paid Off - 360	May-09-02
11564986 1			58,500.00	58,269.82	Jun-02-03	11.250%	FL - 65.00%	Paid Off - 360	Nov-27-02
11559743 2			250,000.00	248,748.10	May-07-03	8.990%	CA - 64.10%	Paid Off - 360	Aug-27-02
11569501 1			202,500.00	202,260.04	Jun-09-03	8.625%	NJ - 90.00%	Paid Off - 360	Feb-26-03
11560475 2			59,500.00	59,148.80	Apr-25-03	9.990%	MI - 85.00%	Paid Off - 360	May-16-02
21101071 1			74,600.00	72,273.04	Jun-02-03	11.500%	CA - 22.61%	Paid Off - 180	Aug-22-97
11561163 2			148,500.00	147,702.92	Apr-29-03	9.250%	PA - 90.00%	Paid Off - 360	May-03-02
11497679 2			86,000.00	85,444.91	May-27-03	7.800%	MD - 61.43%	Paid Off - 360	Aug-02-02
11561181 2			88,000.00	87,221.97	May-09-03	9.750%	WI - 73.33%	Paid Off - 360	Jul-05-02
11532895 2			170,000.00	169,112.58	Jun-13-03	6.875%	CA - 89.47%	Paid Off - 360	Oct-25-02
11561259 2			88,500.00	88,233.56	May-02-03	9.500%	AZ - 75.00%	Paid Off - 360	Sep-10-02
11538725 2			126,000.00	125,574.94	Jun-16-03	6.899%	NH - 90.00%	Paid Off - 360	Dec-09-02
11562741 2			152,950.00	152,814.10	May-06-03	10.000%	MD - 84.27%	Paid Off - 360	Jan-23-03
11547964 2			412,500.00	411,870.41	May-27-03	10.750%	TX - 75.00%	Paid Off - 360	Dec-18-02
11581580 2			193,500.00	193,500.00	May-02-03	7.625%	MN - 90.00%	Paid Off - 360	Mar-07-03
11549239 2			70,000.00	69,861.70	May-23-03	8.125%	FL - 58.33%	Paid Off - 360	Jan-21-03
11524432 3			451,995.00	450,859.39	Apr-22-03	8.375%	CT - 38.47%	Paid Off - 360	Nov-22-02
11553246 2			157,000.00	156,367.13	Jun-16-03	6.500%	CA - 89.71%	Paid Off - 360	Dec-20-02
11546711 3			205,200.00	204,569.64	May-09-03	7.375%	VA - 90.00%	Paid Off - 360	Dec-03-02
11558282 2			252,450.00	251,635.26	Jun-17-03	7.125%	VA - 85.00%	Paid Off - 360	Dec-23-02
11547802 3			550,000.00	549,478.31	Apr-30-03	9.000%	IL - 74.83%	Paid Off - 360	Feb-10-03
11558847 2			195,300.00	193,963.05	Jun-02-03	8.990%	CO - 90.00%	Paid Off - 360	Apr-02-02
11554669 3			224,000.00	223,498.16	May-05-03	7.500%	VA - 80.00%	Paid Off - 360	Dec-19-02
11559768 2			238,000.00	237,184.53	Jun-17-03	8.875%	MI - 85.00%	Paid Off - 360	Oct-21-02
11555015 3			445,520.00	444,904.78	Apr-18-03	7.875%	DE - 80.00%	Paid Off - 360	Jan-14-03
11559840 2			59,150.00	59,072.34	May-20-03	8.125%	TN - 70.00%	Paid Off - 360	Feb-12-03
11556794 3			138,750.00	138,560.58	May-16-03	10.250%	CA - 75.00%	Paid Off - 360	Dec-19-02
11560186 2			198,000.00	197,047.15	May-21-03	9.250%	MD - 90.00%	Paid Off - 360	Jul-26-02
11557974 3			1,234,000.00	1,231,623.06	Apr-30-03	8.250%	CO - 61.70%	Paid Off - 360	Dec-30-02
11560190 2			63,900.00	63,612.79	May-27-03	8.990%	FL - 90.00%	Paid Off - 360	Aug-07-02
11560632 3			163,000.00	162,774.92	May-05-03	7.875%	MD - 89.07%	Paid Off - 360	Jan-27-03
11563307 2			430,000.00	428,055.06	May-29-03	7.500%	CA - 71.67%	Paid Off - 360	Oct-25-02
11561315 3			630,000.00	628,871.49	May-07-03	7.500%	OH - 75.00%	Paid Off - 360	Jan-07-03
11567132 2			297,000.00	295,658.21	May-31-03	8.990%	CA - 90.00%	Paid Off - 360	Aug-14-02
11569083 3			137,250.00	137,166.86	May-01-03	8.500%	IN - 75.00%	Paid Off - 360	Feb-24-03
11568816 2			143,600.00	143,363.91	May-29-03	7.000%	IL - 80.00%	Paid Off - 360	Feb-07-03
					Page 20 of 26				© COPYRIGHT 2003 Deutsche Bank
11569594 2			216,000.00	215,516.06	Jun-09-03	7.500%	MD - 80.00%	Paid Off - 360	Jan-27-03
11524488 3			455,000.00	454,045.51	May-29-03	9.250%	CT - 71.09%	Paid Off - 360	Dec-17-02
11555610 3			250,000.00	249,320.90	May-27-03	7.990%	CA - 28.09%	Paid Off - 360	Dec-17-02
11557202 3			461,250.00	459,867.83	May-28-03	7.500%	TX - 90.00%	Paid Off - 360	Dec-20-02
11558341 3			168,570.00	167,793.94	Jun-11-03	9.990%	NY - 90.00%	Paid Off - 360	Jun-28-02
11559759 3			237,750.00	236,867.01	Jun-04-03	9.250%	FL - 75.00%	Paid Off - 360	Sep-30-02
11561194 3			285,600.00	284,181.04	May-22-03	8.500%	CO - 80.00%	Paid Off - 360	Aug-16-02
11561237 3			370,000.00	367,503.81	Jun-04-03	6.250%	CA - 77.90%	Paid Off - 360	Sep-26-02
11561754 3			383,960.00	382,938.10	May-29-03	6.625%	CA - 80.00%	Paid Off - 360	Jan-06-03
11562452 3			279,000.00	277,696.20	Jun-16-03	8.125%	OH - 90.00%	Paid Off - 360	Sep-09-02
11568765 3			134,000.00	133,645.68	May-21-03	7.375%	CA - 82.21%	Paid Off - 360	Jan-23-03
11570552 3			572,000.00	571,148.33	May-28-03	7.500%	CA - 80.00%	Paid Off - 360	Feb-10-03
					Page 20 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Realized Loss Report for May 27, 2003 Distribution
	Prepayment Detail Report for June 25, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date
11577266 3			70,000.00	69,882.04	Jun-11-03	6.875%	FL - 73.68%	Paid Off - 360	Feb-28-03
					Page 21 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Realized Loss Report for June 25, 2003 Distribution
	Realized Loss Report - Collateral
COLLATERAL REALIZED LOSSES					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Current
	Number of Loans Liquidated				-1	-	-	-1
	Collateral Realized Loss/(Gain) Amount				-8,074.80	-	-	-8,074.80
	Net Liquidation Proceeds				-242,506.49	-	-	-242,506.49
	Cumulative
	Number of Loans Liquidated				-1	-	-	-1
	Collateral Realized Loss/(Gain) Amount				-8,074.80	-	-	-8,074.80
	Net Liquidation Proceeds				-242,506.49	-	-	-242,506.49
	Note: Collateral Realized Loss Amount may include adjustments to loans liquidated in prior periods.
	Current Principal Loss				06,487.0041	0.00	0.00	06,487.0041
	Current Interest Loss/Expenses				01,587.0039	0.00	0.00	01,587.0039
	Additional Losses from Prior Periods				0.00	0.00	0.00	0.00
	TOTAL REALIZED LOSSES				08,074.0080	0.00	0.00	08,074.0080
	Fixed		Adjustable				3 Months Moving Average
	Adjustable
Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation
				Page 21 of 26				© COPYRIGHT 2003 Deutsche Bank
				Page 22 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Realized Loss Report for May 27, 2003 Distribution
	Realized Loss Report for June 25, 2003 Distribution
	Realized Loss Report - Collateral
DEFAULT SPEEDS					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	MDR				0.0012%	0.00%	0.00%	0.0003%
	3 Months Avg MDR				0.04%	0.00%	0.00%	0.01%
	12 Months Avg MDR
	Avg MDR Since Cut-off				0.0004%	0.00%	0.00%	0.0001%
	CDR				01.0044%	0.00%	0.00%	0.0041%
	3 Months Avg CDR				0.48%	0.00%	0.00%	0.14%
	12 Months Avg CDR
	Avg CDR Since Cut-off				0.0048%	0.00%	0.00%	0.0014%
	SDA				014.0033%	0.00%	0.00%	04.0019%
	3 Months Avg SDA Approximation				5.78%	0.00%	0.00%	1.68%
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation				05.0078%	0.00%	0.00%	01.0068%
	Loss Severity Approximation for Current Period
	3 Months Avg Loss Severity Approximation
	12 Months Avg Loss Severity Approximation
	Avg Loss Severity Approximation Since Cut-off
	Fixed		Adjustable
	Adjustable
CDR by Groups					Total CDR
SDA by Groups					Total SDA
				Page 22 of 26				© COPYRIGHT 2003 Deutsche Bank
				Page 23 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Realized Loss Report for May 27, 2003 Distribution
	Realized Loss Report for June 25, 2003 Distribution
	Realized Loss Report - Collateral
	Fixed		Adjustable
	Adjustable
CDR Avg since Cut-Off by Groups					Total CDR Avg since Cut-Off
SDA Avg since Cut-Off by Groups					Total SDA Avg since Cut-Off
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 23 of 26				© COPYRIGHT 2003 Deutsche Bank
				Page 24 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Realized Loss Detail Report for May 27, 2003 Distribution
	Realized Loss Detail Report for June 25, 2003 Distribution
	Realized Loss Detail Report - Loans Liquidated During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 0						Loan Group 1 = Fixed Group
Total Loan Count = 1						Loan Group 1 = Fixed Group
Total Original Principal Balance = 0.00						Loan Group 2 = Adjustable Group
Total Original Principal Balance = 252,000.00						Loan Group 2 = Adjustable Group
Total Prior Principal Balance = 0.00						Loan Group 3 = Adjustable Group
Total Prior Principal Balance = 250,581.29						Loan Group 3 = Adjustable Group
Total Realized Loss Amount = 0.00
Total Realized Loss Amount = 8,074.80
Total Net Liquidation Proceeds = 0.00
Total Net Liquidation Proceeds = 242,506.49
Note: Total Realized Loss Amount may include adjustments to loans liquidated in prior periods.
Loan Number			Original	Prior		Current	State &
&		Loan	Principal	Principal	Realized	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Balance	Loss/(Gain)	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK
11558366 3			252,000.00	250,581.29	6,487.41	9.500%	MD - 90.00%	360	May-28-02
					Page 24 of 26				© COPYRIGHT 2003 Deutsche Bank
					Page 25 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Triggers, Adj. Rate Cert. and Miscellaneous Report for May 27, 2003 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report for June 25, 2003 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report
TRIGGER EVENTS					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Trigger Event Occuring				No	No	No	No
	Balance of Loans 60+ Delinquent				~~503~~4,~~719~~615,508.3456	~~475~~3,~~315~~674,547.6366	~~515~~771,~~353~~860.6447	19,~~494~~061,~~388~~916.6169
ADJUSTABLE RATE CERTIFICATE INFORMATION					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
SPACE INTENTIONALLY LEFT BLANK
ADDITIONAL INFORMATION					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Fixed Rate Net WAC Cap							5.~~966276~~965449%
	Fixed Rate Net WAC Cap (AF-1 only)							56.~~593384~~171154%
	Variable Net WAC Cap							6.~~035552~~639206%
	Subordinate Net WAC Cap							56.~~846535~~440945%
	Subordinate Net WAC Cap (BF only)							6.~~236304~~226247%
				Page 25 of 26				© COPYRIGHT 2003 Deutsche Bank
				Page 26 of 27				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Additional Certificate Report for May 27, 2003 Distribution
	Additional Certificate Report for June 25, 2003 Distribution
	Additional Certificate Report
	CLASS				Optimal Pass-Through Rate	Cap Carryover Amt	Civil Relief Act Shortfall	Unpaid Realized Loss Amt
	AF-1				1.420000%	0.00	2733.9439	0.00
	AF-2				2.390000%	0.00	1622.6753	0.00
	AF-3				2.920000%	0.00	2533.0179	0.00
	AF-4				3.960000%	0.00	1926.95	0.00
	AF-5				4.955000%	0.00	3243.2862	0.00
	AF-6				4.295000%	0.00	1622.5738	0.00
	AF-7				3.534000%	0.00	3952.5191	0.00
	AV-1				1.630000%	0.00	0.00	0.00
	AV-2				1.640000%	0.00	0.00	0.00
	AF-IO				4.150000%	0.00	93126.7733	0.00
	AV-IO				4.150000%	0.00	0.00	0.00
	S				0.017500%	0.00	0.00	0.00
	M-1				2.020000%	0.00	2226.0094	0.00
	M-2				3.020000%	0.00	2835.7824	0.00
	M-3				3.820000%	0.00	1012.4074	0.00
	BF				6.000000%	0.00	2128.2774	0.00
	BV				4.820000%	0.00	57.8314	0.00
				Page 26 of 26				© COPYRIGHT 2003 Deutsche Bank
				Page 27 of 27				© COPYRIGHT 2003 Deutsche Bank

Filing Compare · SAXON ASSET SECURITIES CO MORT LOAN ASSET BK CER SER 2003-1