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): ~~November~~December 2526, 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 ~~November~~December 2526, 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: ~~Nov~~Jan 2602, ~~2003~~2004 By: /s/ Katherine M. Wannenmacher Katherine M. Wannenmacher Vice President EXHIBIT INDEX DOCUMENT Monthly Remittance Statement to the Certificateholders dated as of ~~November~~December 2526, 2003.

	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	November 25, 2003 Distribution
	December 26, 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				23
			12.	Realized Loss Detail Report				26
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				27
			14.	Additional Certificate Report				28
				Total Number of Pages				28
			CONTACTS
				Administrator: Brent Hoyler
				Direct Phone Number: (714)247-6322
				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, Inc. Master Servicer
			Saxon Mortgage Services, Inc.
								Distribution Date: November 25, 2003
								Distribution Date: December 26, 2003
	Underwriter(s):		Greenwich Capital Markets Lead Underwriter					Record Date: ~~November~~December 24, 2003
			CS First Boston Underwriter					~~October~~November 3128, 2003
			J. P. Morgan Underwriter
			Merrill Lynch & Co. Underwriter
						Page 1 of 28					© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	REMIC V Series 2003-1
	Certificate Payment Report for November 25, 2003 Distribution
	Certificate Payment Report for December 26, 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			5955,~~452~~039,~~982~~210.5443	5857,~~420~~745.8747	46,~~413~~902,~~772~~756.1101	46,~~472~~960,~~192~~501.9848	-	-	5548,~~039~~136,~~210~~454.4342
AF-2	AFC	30,750,000.00			30,750,000.00	61,~~235~~225.1570	-	61,~~235~~225.1570	-	-	30,750,000.00
AF-3	AFC	37,750,000.00			37,750,000.00	91,~~845~~831.4425	-	91,~~845~~831.4425	-	-	37,750,000.00
AF-4	AFC	22,200,000.00			22,200,000.00	73,~~249~~238.7241	-	73,~~249~~238.7241	-	-	22,200,000.00
AF-5	STEP	28,714,000.00			28,714,000.00	118,~~548~~529.2594	-	118,~~548~~529.2594	-	-	28,714,000.00
AF-6	STEP	17,000,000.00			17,000,000.00	60,~~837~~827.2990	-	60,~~837~~827.2990	-	-	17,000,000.00
AF-7	STEP	50,000,000.00			4443,~~331~~332,~~047~~068.9826	~~130~~127,~~536~~575.6233	~~998~~1,~~979~~562,317.7247	1,~~129~~689,~~516~~892.3480	-	-	4341,~~332~~769,~~068~~750.2679
AV-1	FLT	181,418,000.00			~~147~~141,~~836~~261,~~950~~597.6455	~~170~~173,~~299~~795.9591	610,~~575~~668,~~353~~411.0980	610,~~745~~842,~~653~~207.0471	-	-	~~141~~130,~~261~~593,~~597~~185.5575
AV-2	FLT	181,418,000.00			~~147~~142,~~943~~128,~~114~~992.2006	~~171~~176,~~614~~086.0196	59,~~814~~368,~~122~~163.14	59,~~985~~544,~~736~~250.1510	-	-	~~142~~132,~~128~~760,~~992~~828.0692
AF-IO	IO	-			-	~~334~~331,~~201~~487.0126	-	~~334~~331,~~201~~487.0126	-	-	-
AV-IO	IO	-			-	~~449~~445,~~064~~675.5842	-	~~449~~445,~~064~~675.5842	-	-	-
S	IO	-			-	6467,~~843~~691.2179	-	6467,~~843~~691.2179	-	-	-
M-1	MEZ	45,000,000.00			45,000,000.00	6570,~~965~~455.7479	-	6570,~~965~~455.7479	-	-	45,000,000.00
M-2	MEZ	39,375,000.00			39,375,000.00	8995,~~434~~545.3307	-	8995,~~434~~545.3307	-	-	39,375,000.00
M-3	MEZ	11,250,000.00			11,250,000.00	3235,~~801~~046.6531	-	3235,~~801~~046.6531	-	-	11,250,000.00
BF	SUB	15,625,000.00			15,625,000.00	78,~~114~~102.0914	-	78,~~114~~102.0914	-	-	15,625,000.00
BV	SUB	5,000,000.00			5,000,000.00	1819,~~605~~880.7242	-	1819,~~605~~880.7242	-	-	5,000,000.00
C	SUB	-			-	-	-	-	-	-	-
P	SUB	-			-	~~152~~216,~~578~~762.9066	-	~~152~~216,~~578~~762.9066	-	-	-
R	R	-			-	-	-	-	-	-	-
Total		750,000,000.00			~~652~~634,~~228~~425,~~095~~868.3630	2,~~222~~301,~~196~~503.5373	1728,~~802~~501,~~227~~648.0642	2030,~~024~~803,~~423~~152.5915	-	-	~~634~~605,~~425~~924,~~868~~219.3088
Non-Delay Certificates Record Date: 11/24/03
Non-Delay Certificates Record Date: 12/24/03
	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	1011/2725/03	1112/2425/03		A-Act/360	805564MP3	84,500,000.00	~~703~~651.~~585592~~351603	0.~~691371~~683378	5281.~~233989~~689420	5282.~~925361~~372799	~~651~~569.~~351603~~662182
AF-2				F-30/360	805564MQ1	30,750,000.00	1,000.000000	1.~~991387~~991080	-	1.~~991387~~991080	1,000.000000
AF-3				F-30/360	805564MR9	37,750,000.00	1,000.000000	2.~~432992~~432616	-	2.~~432992~~432616	1,000.000000
AF-4				F-30/360	805564MS7	22,200,000.00	1,000.000000	3.~~299537~~299027	-	3.~~299537~~299027	1,000.000000
AF-5				F-30/360	805564MT5	28,714,000.00	1,000.000000	4.~~128587~~127949	-	4.~~128587~~127949	1,000.000000
AF-6				F-30/360	805564MU2	17,000,000.00	1,000.000000	3.~~578664~~578112	-	3.~~578664~~578112	1,000.000000
AF-7				F-30/360	805564MV0	50,000,000.00	~~886~~866.~~620960~~641365	2.~~610732~~551507	1931.~~979594~~246349	2233.~~590327~~797856	~~866~~835.~~641365~~395016
AV-1	1011/2725/03	1112/2425/03		A-Act/360	805564MW8	181,418,000.00	~~814~~778.~~896816~~652601	0.~~938716~~957986	3658.~~244216~~805696	3759.~~182931~~763682	~~778~~719.~~652601~~846905
AV-2	1011/2725/03	1112/2425/03		A-Act/360	805564MX6	181,418,000.00	~~815~~783.~~482004~~433794	0.~~945959~~970615	3251.~~048210~~638554	3252.~~994169~~609168	~~783~~731.~~433794~~795240
AF-IO				F-30/360	805564MY4	99,770,000.00	~~968~~961.~~728075~~010324	3.~~349714~~322514	-	3.~~349714~~322514	~~961~~953.~~010324~~192342
AV-IO				F-30/360	805564MZ1	133,610,000.00	~~971~~964.~~858394~~523614	3.~~361010~~335644	-	3.~~361010~~335644	~~964~~957.~~523614~~263678
S	1011/2725/03	1112/2425/03		A-Act/360	805564NA5	424,200,251.00	~~872~~847.~~446589~~145082	0.~~152860~~159575	-	0.~~152860~~159575	~~847~~804.~~145082~~356799
M-1	1011/2725/03	1112/2425/03		A-Act/360	805564NB3	45,000,000.00	1,000.000000	1.~~465905~~565684	-	1.~~465905~~565684	1,000.000000
M-2	1011/2725/03	1112/2425/03		A-Act/360	805564NC1	39,375,000.00	1,000.000000	2.~~271348~~426541	-	2.~~271348~~426541	1,000.000000
M-3	1011/2725/03	1112/2425/03		A-Act/360	805564ND9	11,250,000.00	1,000.000000	23.~~915702~~115228	-	23.~~915702~~115228	1,000.000000
BF				F-30/360	805564NE7	15,625,000.00	1,000.000000	4.~~999302~~998537	-	4.~~999302~~998537	1,000.000000
BV	1011/2725/03	1112/2425/03		A-Act/360	805564NF4	5,000,000.00	1,000.000000	3.~~721144~~976084	-	3.~~721144~~976084	1,000.000000
C				A-30/360		750,000,000.00	~~890~~869.~~356532~~709029	-	-	-	~~869~~834.~~709029~~785958
P				-		-	-	-	-	-	-
R				-		-	-	-	-	-	-
							Page 2 of 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	REMIC V Series 2003-1
	Certificate Payment Report for November 25, 2003 Distribution
	Certificate Payment Report for December 26, 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		~~710~~768,~~327~~073.7623		2633,~~765~~332,~~170~~450.5926	23,~~695~~031,~~618~~095.9832	2936,~~460~~363,~~789~~545.5758	3037,~~171~~131,~~117~~618.3381	-	-	5548,~~039~~136,~~210~~454.4342
AF-2	30,750,000.00		~~489~~551,~~800~~025.1686		-	-	-	~~489~~551,~~800~~025.1686	-	-	30,750,000.00
AF-3	37,750,000.00		~~734~~826,~~641~~473.9015		-	-	-	~~734~~826,~~641~~473.9015	-	-	37,750,000.00
AF-4	22,200,000.00		~~585~~659,~~900~~139.7617		-	-	-	~~585~~659,~~900~~139.7617	-	-	22,200,000.00
AF-5	28,714,000.00		~~948~~1,~~232~~066,762.7266		-	-	-	~~948~~1,~~232~~066,762.7266	-	-	28,714,000.00
AF-6	17,000,000.00		~~486~~547,~~617~~445.7767		-	-	-	~~486~~547,~~617~~445.7767	-	-	17,000,000.00
AF-7	50,000,000.00		1,~~119~~247,~~456~~031.1548		68,~~667~~230,~~931~~249.7623	-	68,~~667~~230,~~931~~249.7421	79,~~787~~477,~~387~~280.8969	-	-	4341,~~332~~769,~~068~~750.2679
AV-1	181,418,000.00		12,~~867~~041,~~434~~230.6758		3949,~~072~~617,~~996~~093.7154	1,~~083~~207,~~405~~720.7471	4050,~~156~~824,~~402~~814.4525	4252,~~023~~866,~~837~~044.1283	-	-	~~141~~130,~~261~~593,~~597~~185.5575
AV-2	181,418,000.00		12,~~858~~034,~~559~~646.6561		3847,~~179~~419,~~918~~246.4875	1,~~109~~237,~~089~~924.4633	3948,~~289~~657,~~007~~171.9408	4150,~~147~~691,~~567~~817.5969	-	-	~~142~~132,~~128~~760,~~992~~828.0692
AF-IO	-		23,~~724~~055,~~264~~751.4167		-	-	-	23,~~724~~055,~~264~~751.4167	-	-	-
AV-IO	-		34,~~655~~100,~~112~~787.5092		-	-	-	34,~~655~~100,~~112~~787.5092	-	-	-
S	-		~~415~~483,~~918~~610.5534		-	-	-	~~415~~483,~~918~~610.5534	-	-	-
M-1	45,000,000.00		~~624~~695,~~553~~009.3817		-	-	-	~~624~~695,~~553~~009.3817	-	-	45,000,000.00
M-2	39,375,000.00		~~835~~930,~~148~~693.9097		-	-	-	~~835~~930,~~148~~693.9097	-	-	39,375,000.00
M-3	11,250,000.00		~~304~~339,~~597~~643.0435		-	-	-	~~304~~339,~~597~~643.0435	-	-	11,250,000.00
BF	15,625,000.00		~~624~~702,~~812~~915.8701		-	-	-	~~624~~702,~~812~~915.8701	-	-	15,625,000.00
BV	5,000,000.00		~~172~~191,~~033~~914.7113		-	-	-	~~172~~191,~~033~~914.7113	-	-	5,000,000.00
C	-		-		-	-	-	-	-	-	-
P	-		~~710~~927,~~298~~060.1884		-	-	-	~~710~~927,~~298~~060.1884	-	-	-
R	-		-		-	-	-	-	-	-	-
Total	750,000,000.00		1821,~~867~~169,~~711~~214.0881		~~110~~138,~~686~~599,~~017~~039.5478	45,~~888~~476,~~114~~740.1836	~~115~~144,~~574~~075,~~131~~780.7012	~~134~~165,~~441~~244,~~842~~994.7893	-	-	~~634~~605,~~425~~924,~~868~~219.3088
	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.~~22000~~21875%	5955,~~452~~039,~~982~~210.5443			5857,~~420~~745.8747	-	-	-	5857,~~420~~745.8747	5857,~~420~~745.8747	-
AF-2	2.39000%	30,750,000.00			61,~~235~~225.1570	-	-	-	61,~~235~~225.1570	61,~~235~~225.1570	-
AF-3	2.92000%	37,750,000.00			91,~~845~~831.4425	-	-	-	91,~~845~~831.4425	91,~~845~~831.4425	-
AF-4	3.96000%	22,200,000.00			73,~~249~~238.7241	-	-	-	73,~~249~~238.7241	73,~~249~~238.7241	-
AF-5	4.95500%	28,714,000.00			118,~~548~~529.2594	-	-	-	118,~~548~~529.2594	118,~~548~~529.2594	-
AF-6	4.29500%	17,000,000.00			60,~~837~~827.2990	-	-	-	60,~~837~~827.2990	60,~~837~~827.2990	-
AF-7	3.53400%	4443,~~331~~332,~~047~~068.9826			~~130~~127,~~536~~575.6233	-	-	-	~~130~~127,~~536~~575.6233	~~130~~127,~~536~~575.6233	-
AV-1	1.~~43000~~42875%	~~147~~141,~~836~~261,~~950~~597.6455			~~170~~173,~~299~~795.9591	-	-	-	~~170~~173,~~299~~795.9591	~~170~~173,~~299~~795.9591	-
AV-2	1.~~44000~~43875%	~~147~~142,~~943~~128,~~114~~992.2006			~~171~~176,~~614~~086.0196	-	-	-	~~171~~176,~~614~~086.0196	~~171~~176,~~614~~086.0196	-
AF-IO	4.15000%	9695,~~650~~880,000.00			~~334~~331,~~201~~487.0126	-	-	-	~~334~~331,~~201~~487.0126	~~334~~331,~~201~~487.0126	-
AV-IO	4.15000%	~~129~~128,~~850~~870,000.00			~~449~~445,~~064~~675.5842	-	-	-	~~449~~445,~~064~~675.5842	~~449~~445,~~064~~675.5842	-
S	0.~~21750~~21875%	~~370~~359,~~092~~359,~~062~~156.2430			6467,~~843~~691.2179	-	-	-	6467,~~843~~691.2179	6467,~~843~~691.2179	-
M-1	1.~~82000~~81875%	45,000,000.00			6570,~~965~~455.7479	-	-	-	6570,~~965~~455.7479	6570,~~965~~455.7479	-
M-2	2.~~82000~~81875%	39,375,000.00			8995,~~434~~545.3307	-	-	-	8995,~~434~~545.3307	8995,~~434~~545.3307	-
M-3	3.~~62000~~61875%	11,250,000.00			3235,~~801~~046.6531	-	-	-	3235,~~801~~046.6531	3235,~~801~~046.6531	-
BF	5.~~96819~~95706%	15,625,000.00			78,~~114~~102.0914	-	-	-	78,~~114~~102.0914	78,~~114~~102.0914	-
BV	4.~~62000~~61875%	5,000,000.00			1819,~~605~~880.7242	-	-	-	1819,~~605~~880.7242	1819,~~605~~880.7242	-
C	4.~~16301~~24849%	~~667~~652,~~767~~281,~~399~~771.1981			-	-	1517,~~539~~855,~~303~~903.8654	-	-	-	1720,~~855~~165,~~903~~248.5479
P		-			~~152~~216,~~578~~762.9066	-	-	-	~~152~~216,~~578~~762.9066	~~152~~216,~~578~~762.9066	-
R		-			-	-	-	-	-	-	-
Total		1,~~916~~870,~~587~~816,~~556~~796.7941			2,~~222~~301,~~196~~503.5272	-	1517,~~539~~855,~~303~~903.8654	-	2,~~222~~301,~~196~~503.5272	2,~~222~~301,~~196~~503.5373	1720,~~855~~165,~~903~~248.5479
See page 26 for Optimal Pass-Through Rate
							Page 3 of 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Collection Account Report for November 25, 2003 Distribution
	Collection Account Report for December 26, 2003 Distribution
	Collection Account Report
SUMMARY					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Principal Collections				58,~~054~~605,~~327~~433.1418	59,~~716~~799,~~079~~819.7018	47,~~705~~775,~~408~~870.2858	1526,~~475~~181,~~815~~122.1294
	Principal Withdrawals				0.00	0.00	0.00	0.00
	Principal Other Accounts				0.00	0.00	0.00	0.00
	TOTAL NET PRINCIPAL				58,~~054~~605,~~327~~433.1418	59,~~716~~799,~~079~~819.7018	47,~~705~~775,~~408~~870.2858	1526,~~475~~181,~~815~~122.1294
	Interest Collections				1,~~338~~385,~~188~~092.0018	1,~~407~~441,~~931~~857.3202	1,~~958~~945,~~499~~932.6747	4,~~704~~772,~~618~~881.9967
	Interest Withdrawals				0.00	0.00	0.00	0.00
	Interest Other Accounts				0.00	0.00	0.00	0.00
	Interest Fees				(4039,~~872~~579.4947)	(4139,~~108~~374.0396)	(7471,~~030~~898.0004)	(~~156~~150,~~010~~852.5247)
	TOTAL NET INTEREST				1,~~297~~345,~~315~~512.5171	1,~~366~~402,~~823~~482.2906	1,~~884~~874,~~469~~034.6743	4,~~548~~622,~~608~~029.4720
	TOTAL AVAILABLE FUNDS TO BONDHOLDERS				69,~~351~~950,~~642~~945.6589	711,~~082~~202,~~902~~301.9924	69,~~589~~649,~~877~~905.9501	2030,~~024~~803,~~423~~152.5914
PRINCIPAL - COLLECTIONS					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Scheduled Principal				~~133~~128,~~930~~834.2287	~~130~~124,~~184~~314.7697	~~340~~335,~~212~~476.3034	~~604~~588,~~327~~626.2818
	Curtailments				67,~~373~~652.5620	828,~~069~~952.7090	2329,~~998~~944.2619	3866,~~441~~549.5229
	Prepayments in Full				48,~~794~~468,~~054~~946.1011	59,~~446~~453,~~569~~679.0271	47,~~341~~410,~~197~~450.7205	1425,~~581~~333,~~820~~075.8487
	Repurchases/Substitutions Shortfalls				0.00	0.00	0.00	0.00
	Liquidations				~~129,781~~0.5200	~~131~~204,~~256~~051.2284	0.00	~~261~~204,~~037~~051.7484
	Insurance Principal				0.00	0.00	0.00	0.00
	Other Additional Principal				0.00	0.00	0.00	0.00
	Delinquent Principal				(36,~~777~~408.1332)	(34,~~193~~986.9555)	(4550,~~755~~860.7610)	(~~116~~122,~~726~~254.8497)
	Advanced Principal				36,~~777~~408.1332	34,~~193~~986.9555	4550,~~755~~860.7610	~~116~~122,~~726~~254.8497
	Realized Losses				~~(9,812~~0.~~26)~~00	0(11,180.0024)	0.00	(911,~~812~~180.2624)
	TOTAL PRINCIPAL COLLECTED				58,~~054~~605,~~327~~433.1418	59,~~716~~799,~~079~~819.7018	47,~~705~~775,~~408~~870.2858	1526,~~475~~181,~~815~~122.1294
				Page 4 of 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Collection Account Report for November 25, 2003 Distribution
	Collection Account Report for December 26, 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,~~243~~210,~~715~~806.9594	1,~~269~~225,~~016~~273.0661	1,~~866~~832,~~074~~913.6560	4,~~378~~268,~~806~~994.6615
	Repurchases/Substitutions				0.00	0.00	0.00	0.00
	Liquidations				~~864~~0.1300	1,~~092~~737.7124	0.00	1,~~956~~737.8424
	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)				(~~667~~6,025.0629)	(35,~~436~~252.8342)	(35,~~521~~530.1668)	(716,~~625~~808.0539)
	Delinquent Interest				(~~383~~379,~~821~~328.50)	(384,~~175~~181.1502)	(~~323~~343,~~969~~841.5070)	(1,~~091~~107,~~966~~351.1522)
	Realized Losses				~~(8,169~~0.~~41)~~00	~~(4,268~~0.~~99)~~00	0.00	~~(12,438~~0.~~40)~~00
	Compensating Month End Interest				~~667~~6,025.0629	35,~~436~~252.8342	35,~~521~~530.1668	716,~~625~~808.0539
	Other Interest Shortfall (Relief Act)				0.00	0.00	(~~170~~359.3298)	(~~170~~359.3298)
	Non Recoverable Advance				~~(6,228~~0.~~08)~~00	0.00	0.00	~~(6,228~~0.~~08)~~00
	Interest Advanced				~~370~~365,~~189~~880.7376	370,~~940~~880.7270	~~312~~331,~~080~~193.7338	1,~~053~~067,~~211~~954.1884
	Prepayment Penalties				~~121~~187,~~637~~732.1898	~~155~~228,~~325~~146.9749	~~104~~126,~~484~~027.1117	~~381~~541,~~447~~906.2664
	TOTAL INTEREST COLLECTED				1,~~338~~385,~~188~~092.0018	1,~~407~~441,~~931~~857.3202	1,~~958~~945,~~499~~932.6747	4,~~704~~772,~~618~~881.9967
				Page 5 of 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Collection Account Report for November 25, 2003 Distribution
	Collection Account Report for December 26, 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				3332,~~086~~004.1715	3331,~~344~~849.8292	6159,~~755~~819.8999	~~128~~123,~~186~~674.8806
	Master Servicing Fee				7,~~786~~575.32	7,~~763~~525.2104	12,~~274~~078.1105	27,~~823~~178.6441
	TOTAL INTEREST OTHER FEES				4039,~~872~~579.4947	4139,~~108~~374.0396	7471,~~030~~898.0004	~~156~~150,~~010~~852.5247
				Page 6 of 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Credit Enhancement Report for November 25, 2003 Distribution
	Credit Enhancement Report for December 26, 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				~~759~~762,~~795~~729.0096	~~859~~868,~~273~~592.3962	~~707~~689,~~343~~202.5590	2,~~326~~320,~~411~~525.9448
	Overcollateralization Amount							1720,~~855~~165,~~903~~248.5175
	Overcollateralization Requirement							20,250,000.00
	Overcollateralization Release Amount				0.00	0.00	0.00	0.00
				Page 7 of 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Collateral Report for November 25, 2003 Distribution
	Collateral Report for December 26, 2003 Distribution
	Collateral Report
COLLATERAL					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Loan Count:
	Original				810	1268	1772	3850
	Prior				~~903~~873	1,~~375~~337	2,~~174~~143	4,~~452~~353
	Prefunding				-	-	-	-
	Scheduled Paid Offs				-	-	-	-
	Full Voluntary Prepayments				(2936)	(3760)	(3145)	(97141)
	Repurchases				-	-	-	-
	Liquidations				~~(1)~~-	(12)	-	(2)
	Current				~~873~~837	1,~~337~~275	2,~~143~~098	4,~~353~~210
	Principal Balance:
	Original				176,407,451.27	176,407,449.58	249,395,711.23	602,210,612.08
	Prior				~~186~~181,~~871~~807,~~720~~580.1777	~~186~~180,~~317~~600,~~032~~952.2454	~~294~~289,~~578~~873,~~646~~238.7850	~~667~~652,~~767~~281,~~399~~771.1981
	Prefunding				-	-	-	-
	Scheduled Principal				(~~133~~128,~~930~~834.2287)	(~~130~~124,~~184~~314.7697)	(~~340~~335,~~212~~476.3034)	(~~604~~588,~~327~~626.2818)
	Partial and Full Voluntary Prepayments				(48,~~800~~476,~~427~~598.6631)	(59,~~454~~482,~~638~~632.7261)	(47,~~365~~440,~~195~~394.9824)	(1425,~~620~~399,~~262~~625.3616)
	Repurchases				-	-	-	-
	Liquidations				~~(129,781.52)~~-	(~~131~~204,~~256~~051.2284)	-	(~~261~~204,~~037~~051.7484)
	Current				~~181~~173,~~807~~202,~~580~~147.7759	~~180~~170,~~600~~789,~~952~~953.5412	~~289~~282,~~873~~097,~~238~~367.5092	~~652~~626,~~281~~089,~~771~~468.8163
PREFUNDING					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Prefunding Beginning Balance				0.00	0.00	0.00	0.00
	Balance of Subsequent Loans Transfered				0.00	0.00	0.00	0.00
	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 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Collateral Report for November 25, 2003 Distribution
	Collateral Report for December 26, 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				7.~~998016~~992093%	8.~~190219~~180307%	7.~~612450~~601670%	7.~~883489~~872376%
	Weighted Average Coupon Current				7.~~992093~~991792%	8.~~180307~~152853%	7.~~601670~~587787%	7.~~872376~~856846%
	Weighted Average Months to Maturity Original				357	357	308	337
	Weighted Average Months to Maturity Prior				~~352~~351	~~351~~350	~~303~~302	~~330~~329
	Weighted Average Months to Maturity Current				~~351~~350	~~350~~349	~~302~~301	~~329~~328
	Weighted Avg Remaining Amortization Term Original				357	356	325	344
	Weighted Avg Remaining Amortization Term Prior				~~351~~350	~~351~~350	~~320~~319	~~337~~336
	Weighted Avg Remaining Amortization Term Current				~~350~~349	~~350~~349	~~319~~317	~~336~~335
	Weighted Average Seasoning Original				3.43	3.69	3.16	3.39
	Weighted Average Seasoning Prior				89.9490	910.1211	89.5957	89.8381
	Weighted Average Seasoning Current				910.90	~~10.~~11.09	910.5756	910.8180
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 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Collateral Report for November 25, 2003 Distribution
	Collateral Report for December 26, 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.~~720~~710%
	Weighted Average Margin Current				6.000%	5.~~710~~699%
	Weighted Average Max Rate Original				15.000%	14.820%
	Weighted Average Max Rate Prior				14.000%	14.~~746~~734%	7.~~613~~602%
	Weighted Average Max Rate Current				14.000%	14.~~734~~703%	7.~~602~~588%
	Weighted Average Min Rate Original				7.000%	7.440%
	Weighted Average Min Rate Prior				7.000%	7.~~368~~356%	7.~~613~~602%
	Weighted Average Min Rate Current				7.000%	7.~~356~~318%	7.~~602~~588%
	Weighted Average Cap Up Original				1.000%	1.028%
	Weighted Average Cap Up Prior				1.000%	1.~~024~~023%
	Weighted Average Cap Up Current				1.000%	1.023%
	Weighted Average Cap Down Original				1.000%	1.028%
	Weighted Average Cap Down Prior				1.000%	1.~~024~~023%
	Weighted Average Cap Down Current				1.000%	1.023%
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Current Servicing Fees				3332,~~086~~004.1715	3331,~~344~~849.8292	6159,~~755~~819.8999	~~128~~123,~~186~~674.8806
	Delinquent Servicing Fees				13,~~631~~447.7675	13,~~234~~300.4431	1112,~~888~~648.7831	3839,~~754~~396.9837
	Master Servicing Fees				7,~~786~~575.32	7,~~763~~525.2104	12,~~274~~078.1105	27,~~823~~178.6441
	TOTAL SERVICING FEES				5453,~~504~~027.2522	5452,~~342~~675.4727	8584,~~918~~546.7835	~~194~~190,~~765~~248.5084
	Total Servicing Fees				5453,~~504~~027.2522	5452,~~342~~675.4727	8584,~~918~~546.7835	~~194~~190,~~765~~248.5084
	Compensating Month End Interest				~~667~~6,025.0629	35,~~436~~252.8342	35,~~521~~530.1668	716,~~625~~808.0539
	Delinquent Servicing Fees				(13,~~631~~447.7675)	(13,~~234~~300.4431)	(1112,~~888~~648.7831)	(3839,~~754~~396.9837)
	COLLECTED SERVICING FEES				4145,~~539~~604.5576	44,~~544~~627.8638	77,~~551~~428.1672	~~163~~167,~~635~~660.5786
	Prepayment Interest Shortfall				~~667~~6,025.0629	35,~~436~~252.8342	35,~~521~~530.1668	716,~~625~~808.0539
	Total Advanced Interest				~~370~~365,~~189~~880.7376	370,~~940~~880.7270	~~312~~331,~~080~~193.7338	1,~~053~~067,~~211~~954.1884
ADDITIONAL COLLATERAL INFORMATION					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Weighted Average Net Rate				7.~~549639~~641792%	7.~~802812~~802853%	7.~~250976~~236297%	7.~~488526~~506184%
	Largest Loan Balance				1,~~570~~569,~~910~~865.6920	393,~~740~~578.5564	1,~~119~~118,~~371~~722.69	1,~~119~~118,~~371~~722.69
	Next One-Month LIBOR							1.~~118750~~141250%
	Current One-Month LIBOR							1.~~120000~~118750%
				Page 10 of 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Delinquency Report for November 25, 2003 Distribution
	Delinquency Report for December 26, 2003 Distribution
	Delinquency Report - Total
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			2022,~~264~~284,~~379~~306.7782	85,~~105~~276,~~050~~066.7531	54,~~937~~130,~~133~~758.6908	3431,~~306~~691,~~564~~131.21
		% Balance			3.1156%	10.2484%	0.9166%	5.2606%
		# Loans			~~148~~171	5042	4326	~~241~~239
		% # Loans			34.4006%	1.1500%	0.9962%	5.5468%
FORECLOSURE		Balance		-62,700.44	~~659~~63,~~280~~108.6301	1,382,~~365~~931.8667	813,~~716~~056,~~875~~398.3090	914,~~758~~565,~~521~~139.7902
		% Balance		0.0001%	0.1001%	0.0622%	12.3409%	12.5033%
		# Loans		-1	31	510	3969	4781
		% # Loans		0.0002%	0.0702%	0.1124%	01.9064%	1.0892%
BANKRUPTCY		Balance		1,~~287~~286,~~599~~304.1780	~~172,757.52~~-	~~385~~379,~~453~~604.8833	12,~~874~~153,~~819~~384.3530	3,~~720~~819,~~629~~293.9243
		% Balance		0.2021%	0.0300%	0.06%	0.2934%	0.5761%
		# Loans		7	2-	34	1920	31
		% # Loans		0.1617%	0.0500%	0.0710%	0.4448%	0.7174%
REO		Balance		-	-	-	~~768~~912,~~939~~177.4556	~~768~~912,~~939~~177.4556
		% Balance		0.00%	0.00%	0.00%	0.1215%	0.1215%
		# Loans		-	-	-	46	46
		% # Loans		0.00%	0.00%	0.00%	0.0914%	0.0914%
TOTAL		Balance		1,~~287~~349,~~599~~005.1724	2122,~~096~~347,~~417~~414.9283	87,~~872~~038,~~870~~602.4931	1720,~~297~~252,~~767~~718.7984	4850,~~554~~987,~~655~~741.3722
		% Balance		0.2022%	3.2357%	1.3612%	23.6523%	78.4414%
		# Loans		78	~~153~~172	5856	~~105~~121	~~323~~357
		% # Loans		0.1619%	34.5109%	1.33%	2.4187%	78.4248%
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 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Delinquency Report for November 25, 2003 Distribution
	Delinquency Report for December 26, 2003 Distribution
	Delinquency Report - Fixed Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			5,~~774~~957,~~281~~298.46	~~830~~1,~~337~~475,918.2401	~~664~~384,~~992~~933.7919	7,~~269~~818,~~611~~149.4966
		% Balance			12.9911%	0.2952%	0.2314%	2.5177%
		# Loans			4549	109	117	6665
		% # Loans			2.1034%	0.4743%	0.5133%	3.0810%
FORECLOSURE		Balance		-	-	66119,~~251~~617.2004	1,~~594~~931,~~591~~880.9345	12,~~660~~051,~~843~~497.1349
		% Balance		0.00%	0.00%	0.0204%	0.5568%	0.5773%
		# Loans		-	-	12	819	921
		% # Loans		0.00%	0.00%	0.0510%	0.3791%	01.4200%
BANKRUPTCY		Balance		608,~~776~~020.4551	~~48,039.96~~-	~~174~~192,~~465~~084.9697	~~355~~351,~~716~~975.5787	1,~~186~~152,~~998~~081.9435
		% Balance		0.2122%	0.0200%	0.0607%	0.12%	0.41%
		# Loans		4	1-	12	54	1110
		% # Loans		0.19%	0.0500%	0.0510%	0.2319%	0.5148%
REO		Balance		-	-	-	~~115~~63,~~978~~766.3570	~~115~~63,~~978~~766.3570
		% Balance		0.00%	0.00%	0.00%	0.0402%	0.0402%
		# Loans		-	-	-	21	21
		% # Loans		0.00%	0.00%	0.00%	0.0905%	0.0905%
TOTAL		Balance		608,~~776~~020.4551	5,~~822~~957,~~321~~298.4246	1,~~071~~787,~~054~~620.4002	2,~~731~~732,~~279~~556.6421	1011,~~233~~085,~~431~~495.9120
		% Balance		0.2122%	2.0111%	0.3763%	0.9497%	3.5393%
		# Loans		4	4649	1213	2631	8897
		% # Loans		0.19%	2.1534%	0.5662%	1.2148%	4.1162%
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 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Delinquency Report for November 25, 2003 Distribution
	Delinquency Report for December 26, 2003 Distribution
	Delinquency Report - Adjustable Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			8,~~485~~717,~~340~~303.4158	2,~~861~~522,~~699~~058.5076	21,~~501~~783,~~294~~567.7669	13,~~848~~022,~~334~~930.6703
		% Balance			45.7010%	1.5848%	1.3804%	7.6763%
		# Loans			6775	21	1913	~~107~~109
		% # Loans			5.0188%	1.5765%	1.4202%	8.0055%
FORECLOSURE		Balance		-	~~480~~63,~~197~~108.8501	~~316~~1,~~114~~084,350.6613	23,~~756~~333,~~390~~644.9225	34,~~552~~481,~~703~~102.4339
		% Balance		0.00%	0.2704%	0.1863%	1.5395%	12.9762%
		# Loans		-	21	47	2227	2835
		% # Loans		0.00%	0.1508%	0.3055%	12.6512%	2.0975%
BANKRUPTCY		Balance		121,~~406~~292.3587	~~124,717.56~~-	~~148~~124,~~041~~606.4760	~~632~~915,~~450~~273.7978	1,~~026~~161,~~616~~173.1725
		% Balance		0.07%	0.0700%	0.0807%	0.3554%	0.5768%
		# Loans		1	1-	1	79	1011
		% # Loans		0.0708%	0.0700%	0.0708%	0.5271%	0.7586%
REO		Balance		-	-	-	-195,936.06	-195,936.06
		% Balance		0.00%	0.00%	0.00%	0.0011%	0.0011%
		# Loans		-	-	-	-3	-3
		% # Loans		0.00%	0.00%	0.00%	0.0024%	0.0024%
TOTAL		Balance		121,~~406~~292.3587	98,~~090~~780,~~255~~411.8259	3,~~325~~731,~~855~~015.6349	56,~~890~~228,~~136~~421.4778	18,~~427~~861,~~654~~141.2773
		% Balance		0.07%	5.0314%	12.8418%	3.2665%	1011.2004%
		# Loans		1	7076	2629	4852	~~145~~158
		% # Loans		0.0708%	5.2496%	12.9427%	34.5908%	1012.8539%
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 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Delinquency Report for November 25, 2003 Distribution
	Delinquency Report for December 26, 2003 Distribution
	Delinquency Report - Adjustable Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			67,~~004~~609,~~757~~704.9078	41,~~413~~278,~~014~~089.0154	21,~~770~~962,~~846~~257.1420	1310,~~188~~850,~~618~~051.0552
		% Balance			34.3039%	20.4374%	1.5213%	76.2526%
		# Loans			3647	1912	136	6865
		% # Loans			45.1262%	21.1843%	10.4972%	7.7977%
FORECLOSURE		Balance		-62,700.44	~~179,082.78~~-	-178,964.50	47,~~365~~790,~~892~~874.4520	48,~~544~~032,~~975~~539.2314
		% Balance		0.0004%	0.1000%	0.0010%	24.4050%	24.5064%
		# Loans		-1	1-	-1	923	1025
		% # Loans		0.0012%	0.1100%	0.0012%	12.0375%	12.1599%
BANKRUPTCY		Balance		~~557~~556,~~416~~991.3742	-	62,~~946~~912.4576	886,~~651~~134.9965	1,~~507~~506,~~014~~038.8183
		% Balance		0.3132%	0.00%	0.0304%	0.4951%	0.8387%
		# Loans		2	-	1	7	10
		% # Loans		0.2324%	0.00%	0.1112%	0.8084%	1.1519%
REO		Balance		-	-	-	652,~~961~~474.1080	652,~~961~~474.1080
		% Balance		0.00%	0.00%	0.00%	0.3638%	0.3638%
		# Loans		-	-	-	2	2
		% # Loans		0.00%	0.00%	0.00%	0.2324%	0.2324%
TOTAL		Balance		~~557~~619,~~416~~691.3786	67,~~183~~609,~~840~~704.6878	41,~~475~~519,~~960~~966.4680	811,~~676~~291,~~351~~740.6885	1921,~~893~~041,~~569~~104.1929
		% Balance		0.3136%	34.4039%	20.4688%	46.7752%	1012.9415%
		# Loans		23	3747	2014	3138	90102
		% # Loans		0.2336%	45.2462%	21.2967%	34.5554%	1012.3119%
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 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	REO Report for November 25, 2003 Distribution
	REO Report for December 26, 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 = Not Available
Total Loan Count = 3				Loan Group 1 = Fixed Group; REO Book Value = Not Available
Total Original Principal Balance = 000.00				Loan Group 2 = Adjustable Group; REO Book Value = Not Available
Total Original Principal Balance = 197,045.00				Loan Group 2 = Adjustable Group; REO Book Value = Not Available
Total Current Balance = 000.00				Loan Group 3 = Adjustable Group; REO Book Value = Not Available
Total Current Balance = 195,936.06				Loan Group 3 = Adjustable Group; REO Book Value = Not Available
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
11531728 2		55,245.00	54,887.03	Apr-04-03	10.500%	LA - 84.99%	360	Sep-30-02
11555882 2		89,000.00	88,385.48	Jun-01-03	8.500%	MI - 61.38%	360	Dec-13-02
11558475 2		52,800.00	52,663.55	Mar-01-03	13.125%	MI - 80.00%	360	Dec-27-02
				Page 15 of 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Foreclosure Report for November 25, 2003 Distribution
	Foreclosure Report for December 26, 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 = 44				Loan Group 1 = Fixed Group
Total Original Principal Balance = 565,440.00				Loan Group 2 = Adjustable Group
Total Original Principal Balance = 6,581,448.00				Loan Group 2 = Adjustable Group
Total Current Balance = 561,534.24				Loan Group 3 = Adjustable Group
Total Current Balance = 6,539,115.08				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
11567378 1		118,800.00	118,459.29	May-01-03	11.125%	FL - 90.00%	360	Feb-19-03
11475393 1		37,500.00	37,360.61	Sep-01-03	11.990%	OH - 73.53%	180	Nov-01-02
11569149 1		67,500.00	66,251.20	Aug-01-03	10.800%	LA - 90.00%	180	Feb-24-03
11528027 1		116,000.00	115,461.27	Jul-01-03	11.250%	TX - 80.00%	360	Oct-24-02
11540489 2		75,200.00	74,627.03	Apr-01-03	8.875%	AZ - 80.00%	360	Sep-27-02
11542940 1		55,920.00	55,729.75	Jun-01-03	11.875%	GA - 33.89%	360	Dec-16-02
11568837 2		200,000.00	198,696.31	May-01-03	7.750%	MS - 80.00%	360	Jan-29-03
11544584 1		54,000.00	52,020.23	Apr-01-03	7.775%	TN - 80.00%	180	Nov-25-02
11569293 3		103,940.00	103,500.41	Jul-01-03	9.990%	SC - 90.00%	360	Jan-27-03
11544894 1		66,800.00	66,588.80	Jul-01-03	11.750%	TX - 80.00%	360	Jan-28-03
11551845 1		82,800.00	82,256.43	Sep-01-03	8.750%	FL - 90.00%	360	Dec-20-02
11552485 1		128,000.00	127,159.70	Mar-01-03	8.750%	PA - 80.00%	360	Dec-19-02
11556669 1		150,400.00	149,047.94	Aug-01-03	7.250%	NY - 80.00%	360	Dec-30-02
11561177 1		53,100.00	52,674.06	Aug-01-03	10.500%	TN - 90.00%	360	Jun-14-02
11563793 1		120,000.00	119,418.74	Aug-01-03	8.625%	OH - 89.89%	360	Mar-14-03
11564454 1		69,827.00	69,403.78	Jul-01-03	9.990%	NY - 85.00%	360	Oct-11-02
11569274 1		51,000.00	50,789.96	Apr-01-03	10.000%	IN - 85.00%	360	Feb-14-03
11571477 1		63,750.00	63,523.73	Jul-01-03	10.125%	KY - 85.00%	360	Mar-14-03
11579334 1		50,100.00	49,950.75	Jul-03-03	10.950%	RI - 34.55%	180	Feb-26-03
11536583 2		61,750.00	61,062.18	Jul-01-03	7.250%	NY - 56.14%	360	Dec-23-02
11549132 2		300,000.00	298,795.96	Apr-01-03	10.750%	SC - 55.92%	360	Feb-04-03
11555942 2		80,000.00	79,559.34	Jun-01-03	9.125%	PA - 82.64%	360	Jan-16-03
11557082 2		52,000.00	51,741.74	Jun-01-03	9.625%	SC - 80.00%	360	Jan-24-03
11560704 2		182,250.00	180,873.29	Jun-01-03	9.990%	TX - 90.00%	360	Jul-25-02
11567470 2		68,000.00	67,697.27	Sep-01-03	9.625%	MO - 87.18%	360	Feb-24-03
11569843 2		90,000.00	89,464.86	Aug-01-03	8.750%	MO - 90.00%	360	Jan-31-03
11569952 2		200,891.00	199,819.91	Jun-03-03	8.750%	WI - 79.09%	360	Feb-03-03
11572350 2		108,900.00	108,006.59	Jun-01-03	6.570%	OR - 90.00%	360	Feb-20-03
11573296 2		122,500.00	121,593.79	Jul-01-03	7.375%	WA - 76.56%	360	Feb-24-03
11574502 2		100,800.00	100,302.30	Jun-01-03	9.125%	NC - 80.00%	360	Feb-21-03
11578065 2		81,000.00	80,627.19	Jul-01-03	9.990%	AZ - 90.00%	360	Jan-02-03
11578076 2		99,000.00	98,281.26	Apr-01-03	8.250%	FL - 90.00%	360	Dec-26-02
11582217 2		93,500.00	93,209.37	Jul-01-03	10.750%	FL - 85.00%	360	Mar-10-03
11537116 3		575,000.00	570,429.90	Jul-01-03	8.250%	CT - 61.56%	360	Nov-26-02
11543828 3		500,000.00	497,424.64	Jul-01-03	9.450%	GA - 70.92%	360	Jan-23-03
11544130 3		562,750.00	559,498.94	Jul-01-03	9.375%	MI - 74.05%	360	Dec-24-02
11558457 3		114,950.00	114,197.85	Jul-01-03	8.625%	OR - 95.00%	360	Jan-27-03
11558545 3		94,500.00	94,030.60	Jun-01-03	9.625%	TX - 90.00%	360	Jan-28-03
11559294 3		96,050.00	95,258.04	Aug-01-03	8.750%	OK - 85.00%	360	Oct-21-02
11559894 3		200,000.00	198,206.99	Aug-01-03	6.875%	FL - 80.00%	360	Jan-09-03
11560598 3		136,000.00	134,905.50	Jun-01-03	8.990%	FL - 85.00%	360	Sep-12-02
11560699 3		118,800.00	117,896.66	Jul-01-03	9.625%	IL - 90.00%	360	Aug-08-02
11563583 3		71,910.00	71,622.01	Jul-01-03	10.125%	OH - 90.00%	360	Mar-04-03
11564948 3		50,000.00	49,781.97	May-21-03	10.250%	VA - 69.44%	360	Jan-15-03
11567097 3		669,000.00	664,187.92	Aug-01-03	7.250%	MD - 49.96%	360	Feb-21-03
11567322 3		162,500.00	161,810.16	Aug-01-03	10.375%	CA - 65.00%	360	Jan-27-03
11567656 3		63,000.00	62,700.44	Jan-01-04	10.310%	FL - 67.02%	360	Dec-31-02
11577283 3		97,200.00	96,611.08	Jun-01-03	8.125%	OH - 80.00%	360	Feb-28-03
11578755 3		330,000.00	328,131.58	Aug-01-03	8.990%	CA - 75.00%	360	Jan-06-03
				Page 16 of 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Prepayment Report for November 25, 2003 Distribution
	Prepayment Report for December 26, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Current
	Number of Paid in Full Loans				2936	3760	3145	97141
	Number of Repurchased Loans				-	-	-	-
	Total Number of Loans Prepaid in Full				2936	3760	3145	97141
	Paid in Full Balance				48,~~794~~468,~~054~~946.1011	59,~~446~~453,~~569~~679.0271	47,~~341~~410,~~197~~450.7205	1425,~~581~~333,~~820~~075.8487
	Repurchased Loans Balance				-	-	-	-
	Curtailments Amount				67,~~373~~652.5620	828,~~069~~952.7090	2329,~~998~~944.2619	3866,~~441~~549.5229
	Total Prepayment Amount				48,~~800~~476,~~427~~598.6631	59,~~454~~482,~~638~~632.7261	47,~~365~~440,~~195~~394.9824	1425,~~620~~399,~~262~~625.3616
	Cumulative
	Number of Paid in Full Loans				~~135~~171	~~204~~264	~~191~~236	~~530~~671
	Number of Repurchased Loans				-	-	-	-
	Total Number of Loans Prepaid in Full				~~135~~171	~~204~~264	~~191~~236	~~530~~671
	Paid in Full Balance				3139,~~302~~771,~~258~~204.5061	3242,~~772~~226,~~403~~082.1788	2735,~~635~~046,~~646~~096.9499	91117,~~710~~043,~~308~~384.6148
	Repurchased Loans Balance				-	-	-	-
	Curtailments Amount				95103,~~895~~547.0020	~~107~~136,~~163~~116.5747	~~292~~322,~~238~~182.4261	~~495~~561,~~296~~846.9928
	Total Prepayment Amount				3139,~~398~~874,~~153~~751.5081	3242,~~879~~362,~~566~~199.7435	2735,~~927~~368,~~885~~279.3660	92117,~~205,~~605,230.6076
SPACE INTENTIONALLY LEFT BLANK
Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)
				Page 17 of 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Prepayment Report for November 25, 2003 Distribution
	Prepayment Report for December 26, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENT RATES					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	SMM				24.5767%	25.9325%	12.4857%	23.1990%
	3 Months Avg SMM				23.4137%	3.1771%	1.6478%	2.2977%
	12 Months Avg SMM
	Avg SMM Since Cut-off				12.9929%	2.0945%	1.1833%	1.6792%
	CPR				2643.8464%	3047.0167%	1626.4283%	2337.3594%
	3 Months Avg CPR				2533.3476%	3236.0351%	1819.0339%	2428.2357%
	12 Months Avg CPR
	Avg CPR Since Cut-off				2124.4731%	2225.4072%	1314.2285%	1820.2572%
	PSA				~~1355~~2001.5372%	~~1484~~2149.2636%	~~857~~1270.6033%	~~1189~~1756.6960%
	3 Months Avg PSA Approximation				~~1418~~1702.1857%	~~1756~~1806.38%	~~1050~~1012.1871%	~~1371~~1455.8959%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation				~~1644~~1733.6024%	~~1669~~1787.3341%	~~1071~~1115.7151%	~~1420~~1499.6303%
	Fixed		Adjustable
	Adjustable
CPR by Groups					Total CPR
PSA by Groups					Total PSA
				Page 18 of 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Prepayment Report for November 25, 2003 Distribution
	Prepayment Report for December 26, 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 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for November 25, 2003 Distribution
	Prepayment Detail Report for December 26, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 97						Loan Group 1 = Fixed Group
Total Loan Count = 141						Loan Group 1 = Fixed Group
Total Original Principal Balance = 14,712,292.70						Loan Group 2 = Adjustable Group
Total Original Principal Balance = 25,530,992.17						Loan Group 2 = Adjustable Group
Total Prepayment Amount = 14,581,820.84						Loan Group 3 = Adjustable Group
Total Prepayment Amount = 25,333,075.87						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
10010861 1			25,297.00	23,867.41	Nov-03-03	11.000%	MD - 20.91%	Paid Off - 180	Aug-27-97
11502078 1			194,900.00	193,299.48	Dec-03-03	9.000%	NH - 52.69%	Paid Off - 360	Oct-30-02
11456823 1			28,500.00	27,321.61	Nov-03-03	11.375%	TX - 11.83%	Paid Off - 180	Apr-04-02
11507462 1			290,000.00	286,625.00	Nov-20-03	7.125%	HI - 83.94%	Paid Off - 360	Aug-27-02
11504060 1			60,000.00	59,032.40	Nov-14-03	10.875%	TX - 23.53%	Paid Off - 240	Aug-09-02
11509423 1			155,500.00	148,053.01	Dec-11-03	7.200%	VA - 74.40%	Paid Off - 180	Aug-15-02
11510330 1			263,600.00	260,759.88	Nov-10-03	7.125%	CA - 43.21%	Paid Off - 360	Aug-27-02
11514099 1			84,000.00	83,094.98	Dec-04-03	7.125%	CA - 80.00%	Paid Off - 360	Sep-26-02
11515680 1			38,000.00	37,671.72	Oct-22-03	13.250%	CA - 20.00%	Paid Off - 180	Sep-13-02
11517465 1			100,000.00	99,709.06	Dec-10-03	13.750%	CO - 18.25%	Paid Off - 180	Aug-28-02
11537484 1			214,712.00	212,423.70	Oct-31-03	6.750%	CA - 80.00%	Paid Off - 180	Sep-18-02
11517578 1			60,000.00	59,793.94	Nov-20-03	13.002%	CA - 28.57%	Paid Off - 180	Aug-20-02
11543121 1			139,500.00	139,470.49	Oct-21-03	7.875%	CA - 90.00%	Paid Off - 360	Nov-15-02
11529379 1			34,500.00	34,148.37	Nov-25-03	14.375%	FL - 15.00%	Paid Off - 240	Oct-01-02
11546379 1			155,935.00	155,099.40	Nov-03-03	8.125%	IN - 51.98%	Paid Off - 360	Dec-27-02
11529384 1			64,000.00	63,699.85	Dec-04-03	10.375%	IL - 79.50%	Paid Off - 180	Nov-23-02
11547104 1			183,600.00	182,539.62	Oct-27-03	7.750%	CA - 90.00%	Paid Off - 360	Jan-14-03
11535654 1			180,000.00	179,211.05	Dec-03-03	11.125%	CA - 75.00%	Paid Off - 360	Oct-16-02
11549936 1			87,000.00	84,428.67	Nov-07-03	6.800%	IL - 65.00%	Paid Off - 180	Dec-02-02
11536816 1			184,000.00	183,386.60	Dec-04-03	8.000%	TX - 80.00%	Paid Off - 360	Nov-18-02
11556370 1			236,000.00	234,420.49	Nov-04-03	7.000%	CA - 80.00%	Paid Off - 360	Jan-16-03
11536916 1			296,000.00	293,736.49	Dec-08-03	7.990%	OH - 80.00%	Paid Off - 180	Nov-23-02
11556754 1			162,000.00	160,594.08	Oct-30-03	6.275%	CT - 81.00%	Paid Off - 360	Dec-20-02
11538494 1			36,750.00	36,367.41	Dec-17-03	14.650%	OH - 15.00%	Paid Off - 240	Oct-23-02
11557493 1			265,000.00	264,158.62	Oct-20-03	10.000%	NY - 50.00%	Paid Off - 360	Feb-08-03
11542545 1			198,000.00	195,939.76	Nov-26-03	6.875%	CA - 90.00%	Paid Off - 360	Oct-29-02
11557823 1			77,600.00	77,129.08	Nov-17-03	7.500%	TX - 80.00%	Paid Off - 360	Jan-10-03
11542621 1			315,000.00	312,465.24	Nov-19-03	7.250%	CA - 90.00%	Paid Off - 360	Dec-09-02
11559274 1			213,750.00	212,711.16	Oct-21-03	11.625%	NY - 90.00%	Paid Off - 360	Jul-25-02
11545867 1			600,000.00	596,102.25	Nov-20-03	8.312%	TX - 63.83%	Paid Off - 360	Dec-19-02
11560194 1			244,000.00	242,297.55	Nov-03-03	8.750%	CA - 80.00%	Paid Off - 360	Oct-10-02
11546100 1			180,000.00	178,556.54	Nov-26-03	7.750%	MA - 85.71%	Paid Off - 360	Nov-15-02
11562374 1			145,000.00	143,854.58	Oct-30-03	7.990%	CA - 68.08%	Paid Off - 360	Nov-13-02
11547132 1			50,000.00	49,587.67	Nov-26-03	13.870%	MD - 19.61%	Paid Off - 240	Dec-02-02
11562707 1			264,000.00	263,125.29	Oct-20-03	10.450%	NJ - 80.00%	Paid Off - 180	Jan-21-03
11555690 1			101,000.00	100,301.64	Dec-11-03	8.000%	PA - 84.87%	Paid Off - 360	Dec-18-02
11563343 1			75,200.00	74,986.85	Oct-23-03	11.180%	CT - 65.39%	Paid Off - 360	Jan-21-03
11555959 1			112,500.00	109,077.95	Dec-03-03	7.750%	NC - 74.50%	Paid Off - 180	Dec-23-02
11563643 1			157,000.00	153,278.16	Nov-07-03	7.980%	VA - 76.59%	Paid Off - 180	Jan-16-03
11556131 1			160,000.00	158,849.13	Dec-10-03	7.250%	MD - 80.00%	Paid Off - 360	Jan-06-03
11564160 1			152,000.00	151,443.81	Nov-13-03	9.375%	MO - 80.00%	Paid Off - 360	Feb-13-03
11556578 1			236,250.00	234,220.85	Dec-10-03	7.125%	CA - 75.00%	Paid Off - 360	Dec-24-02
11564195 1			68,000.00	67,392.89	Nov-04-03	9.500%	FL - 85.00%	Paid Off - 180	Apr-25-02
11556890 1			313,000.00	309,361.00	Dec-04-03	7.375%	IL - 99.37%	Paid Off - 360	Jan-30-03
11564822 1			76,500.00	75,604.82	Nov-07-03	8.463%	FL - 90.00%	Paid Off - 240	Feb-20-03
11557088 1			148,000.00	146,813.15	Nov-28-03	7.750%	CA - 80.00%	Paid Off - 360	Nov-04-02
11568249 1			142,800.00	142,013.78	Oct-23-03	7.990%	WI - 85.00%	Paid Off - 360	Jan-14-03
11557145 1			76,500.00	76,177.30	Nov-26-03	10.405%	AZ - 90.00%	Paid Off - 360	Dec-17-02
11569532 1			51,000.00	50,781.55	Nov-10-03	10.875%	SC - 86.44%	Paid Off - 360	Feb-06-03
11557294 1			137,600.00	136,675.52	Nov-21-03	8.250%	CA - 80.00%	Paid Off - 360	Dec-23-02
11569639 1			72,250.00	72,108.82	Oct-29-03	12.250%	FL - 85.00%	Paid Off - 360	Feb-24-03
11558431 1			67,500.00	67,070.79	Dec-08-03	7.875%	MD - 80.36%	Paid Off - 360	Jan-28-03
11571080 1			144,000.00	143,451.16	Nov-04-03	9.650%	CA - 80.00%	Paid Off - 360	Feb-20-03
11558876 1			153,600.00	152,658.61	Dec-08-03	7.450%	NJ - 83.93%	Paid Off - 360	Jan-31-03
11578151 1			94,000.00	93,483.21	Nov-14-03	6.500%	NC - 78.99%	Paid Off - 360	Mar-10-03
11561334 1			61,650.00	61,279.52	Dec-11-03	9.625%	OH - 90.00%	Paid Off - 180	Oct-11-02
11579359 1			188,000.00	186,792.14	Nov-05-03	7.500%	CA - 80.00%	Paid Off - 360	Jan-10-03
11561789 1			130,000.00	129,152.51	Dec-12-03	7.750%	MA - 48.15%	Paid Off - 360	Jan-08-03
11580510 1			80,500.00	80,206.56	Oct-21-03	8.625%	FL - 61.92%	Paid Off - 360	Mar-04-03
11562379 1			242,000.00	239,648.27	Dec-02-03	6.990%	CA - 63.85%	Paid Off - 360	Nov-20-02
11581188 1			270,000.00	268,748.22	Oct-31-03	7.375%	WI - 90.00%	Paid Off - 360	Mar-20-03
11564361 1			125,000.00	124,032.92	Nov-25-03	6.875%	CT - 83.33%	Paid Off - 360	Jan-30-03
11515343 2			62,000.00	61,681.30	Nov-11-03	10.375%	CT - 43.36%	Paid Off - 360	Sep-17-02
11564445 1			247,500.00	245,526.09	Dec-08-03	8.699%	CA - 75.00%	Paid Off - 360	Nov-21-02
11515762 2			287,920.00	286,039.31	Nov-05-03	7.125%	MA - 80.00%	Paid Off - 360	Jan-24-03
11564705 1			139,500.00	138,367.55	Dec-01-03	6.625%	AZ - 90.00%	Paid Off - 360	Jan-27-03
11531097 2			138,900.00	138,277.71	Nov-13-03	11.875%	TX - 69.97%	Paid Off - 360	Nov-01-02
11564785 1			92,000.00	91,753.41	Dec-05-03	12.000%	TX - 80.00%	Paid Off - 360	Jan-27-03
11537487 2			100,000.00	99,441.39	Nov-07-03	9.990%	CA - 74.07%	Paid Off - 360	Sep-20-02
11564922 1			93,500.00	90,227.43	Dec-01-03	9.400%	FL - 85.00%	Paid Off - 180	Nov-12-02
11541093 2			239,500.00	238,156.56	Oct-23-03	8.500%	NJ - 77.26%	Paid Off - 360	Dec-18-02
11565465 1			168,000.00	166,696.30	Nov-26-03	6.500%	CA - 80.00%	Paid Off - 360	Feb-12-03
11541096 2			207,000.00	205,429.35	Nov-11-03	7.875%	VA - 90.00%	Paid Off - 360	Nov-07-02
11567136 1			256,750.00	250,777.32	Nov-21-03	8.200%	OR - 65.00%	Paid Off - 180	Feb-12-03
11544357 2			70,400.00	69,913.19	Nov-03-03	8.000%	OH - 80.00%	Paid Off - 360	Nov-08-02
11568045 1			350,000.00	347,661.30	Dec-12-03	7.625%	MD - 70.00%	Paid Off - 180	Jan-27-03
11546195 2			121,600.00	121,291.47	Oct-31-03	12.250%	OK - 32.00%	Paid Off - 360	Dec-13-02
11573997 1			115,000.00	114,111.03	Dec-08-03	6.250%	TX - 60.53%	Paid Off - 360	Feb-24-03
11551193 2			109,800.00	109,335.95	Oct-30-03	9.875%	CA - 90.00%	Paid Off - 360	Dec-20-02
11575393 1			346,500.00	344,604.65	Dec-04-03	7.750%	CA - 90.00%	Paid Off - 360	Mar-03-03
11555550 2			177,000.00	175,908.75	Oct-21-03	7.420%	CT - 75.32%	Paid Off - 360	Jan-28-03
11575497 1			59,850.00	58,469.66	Nov-26-03	8.300%	LA - 95.00%	Paid Off - 180	Feb-24-03
11557387 2			146,250.00	145,658.30	Nov-05-03	9.500%	MA - 65.00%	Paid Off - 360	Jan-09-03
11576230 1			268,000.00	266,545.92	Nov-24-03	7.375%	CA - 80.00%	Paid Off - 360	Mar-04-03
11558828 2			176,000.00	174,000.51	Nov-06-03	7.250%	CA - 74.89%	Paid Off - 360	Jul-12-02
11579349 1			103,500.00	102,836.23	Dec-05-03	7.625%	FL - 90.00%	Paid Off - 360	Feb-26-03
11558829 2			77,850.00	77,337.15	Nov-12-03	9.990%	FL - 90.00%	Paid Off - 360	Aug-06-02
11579479 1			50,250.00	50,157.09	Nov-24-03	12.500%	CA - 15.00%	Paid Off - 180	Mar-04-03
					Page 20 of 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for November 25, 2003 Distribution
	Prepayment Detail Report for December 26, 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
11559267 2			89,550.00	88,877.27	Oct-27-03	10.250%	CA - 90.00%	Paid Off - 360	Jun-12-02
11579903 1		FCL	104,000.00	103,620.21	Dec-16-03	9.990%	FL - 80.00%	Paid Off - 360	Feb-26-03
11559697 2			54,400.00	53,933.01	Oct-27-03	9.375%	MO - 85.00%	Paid Off - 360	May-16-02
11527817 2			164,000.00	162,618.55	Nov-21-03	7.500%	IL - 77.36%	Paid Off - 360	Nov-12-02
11559843 2			320,450.00	319,371.19	Nov-07-03	10.375%	VA - 85.00%	Paid Off - 360	Jan-10-03
11539298 2		FCL	99,000.00	98,678.43	Nov-24-03	11.625%	KY - 79.20%	Paid Off - 360	Dec-18-02
11560258 2			248,000.00	246,942.46	Oct-22-03	9.250%	CA - 80.00%	Paid Off - 360	Jan-17-03
11540017 2		FCL	204,000.00	202,154.84	Dec-09-03	6.625%	CA - 71.83%	Paid Off - 360	Dec-13-02
11560688 2			162,000.00	160,560.96	Oct-21-03	8.500%	FL - 72.00%	Paid Off - 360	Jul-25-02
11540845 2			120,000.00	118,855.20	Dec-02-03	7.750%	NJ - 80.00%	Paid Off - 360	Sep-10-02
11560724 2			121,499.10	120,768.97	Nov-13-03	9.625%	FL - 90.00%	Paid Off - 360	Oct-04-02
11540848 2			124,000.00	122,223.35	Dec-08-03	5.750%	CA - 80.00%	Paid Off - 360	Aug-30-02
11561103 2			148,750.00	147,356.96	Oct-31-03	8.250%	CO - 85.00%	Paid Off - 360	Jul-23-02
11540856 2			190,072.00	188,470.09	Dec-08-03	8.375%	CA - 80.00%	Paid Off - 360	Sep-25-02
11561174 2			88,000.00	87,313.50	Nov-10-03	9.500%	MO - 89.80%	Paid Off - 360	Jun-12-02
11541515 2			84,000.00	83,203.02	Dec-17-03	6.775%	IL - 80.00%	Paid Off - 360	Dec-04-02
11562060 2			136,800.00	136,102.92	Oct-31-03	8.375%	CA - 90.00%	Paid Off - 360	Jan-17-03
11543070 2			158,525.00	156,983.25	Dec-01-03	5.854%	CA - 85.00%	Paid Off - 360	Dec-31-02
11562135 2			216,750.00	214,780.92	Oct-29-03	8.750%	WA - 85.00%	Paid Off - 360	Jun-13-02
11543268 2			135,000.00	134,179.04	Nov-20-03	9.125%	IL - 60.54%	Paid Off - 360	Nov-22-02
11564107 2			108,500.00	108,117.41	Nov-13-03	9.500%	FL - 70.00%	Paid Off - 360	Feb-14-03
11543323 2			142,500.00	141,974.28	Dec-05-03	11.500%	CA - 67.86%	Paid Off - 360	Nov-14-02
11564191 2			78,200.00	77,866.80	Oct-31-03	9.250%	NJ - 85.00%	Paid Off - 360	Jan-17-03
11544161 2			205,000.00	203,002.90	Dec-04-03	6.750%	CA - 82.33%	Paid Off - 360	Nov-06-02
11564425 2			63,750.00	63,590.37	Nov-05-03	11.750%	AR - 85.00%	Paid Off - 360	Jan-22-03
11545157 2			136,000.00	135,087.88	Dec-03-03	9.500%	FL - 80.00%	Paid Off - 360	Sep-24-02
11565666 2			235,875.00	234,800.18	Oct-20-03	8.250%	NY - 75.00%	Paid Off - 360	Feb-15-03
11548739 2			97,000.00	96,345.81	Nov-24-03	8.125%	MD - 58.97%	Paid Off - 360	Dec-18-02
11567670 2			168,000.00	167,232.03	Nov-05-03	9.875%	FL - 80.00%	Paid Off - 360	Jan-23-03
11549021 2			120,000.00	118,752.47	Dec-03-03	7.250%	CA - 80.00%	Paid Off - 360	Sep-30-02
11568200 2			200,000.00	199,308.58	Oct-24-03	10.250%	CT - 80.00%	Paid Off - 360	Jan-23-03
11549103 2			55,000.00	54,587.14	Dec-04-03	8.950%	MI - 52.88%	Paid Off - 360	Sep-06-02
11568271 2			70,000.00	69,647.37	Oct-31-03	7.750%	VA - 78.21%	Paid Off - 360	Feb-03-03
11552081 2			174,300.00	172,630.42	Dec-11-03	5.750%	WI - 70.00%	Paid Off - 360	Jan-03-03
11570282 2			172,500.00	171,908.63	Nov-04-03	9.635%	CA - 75.00%	Paid Off - 360	Jan-30-03
11557031 2			280,000.00	277,755.42	Dec-04-03	7.250%	CA - 89.74%	Paid Off - 360	Dec-20-02
11571130 2			136,000.00	135,348.32	Nov-10-03	8.000%	IL - 80.00%	Paid Off - 360	Feb-12-03
11557342 2			151,000.00	150,246.92	Nov-26-03	9.125%	CA - 79.47%	Paid Off - 360	Dec-30-02
11571639 2			189,000.00	187,894.26	Oct-28-03	6.990%	FL - 90.00%	Paid Off - 360	Feb-13-03
11557509 2			200,000.00	198,042.64	Dec-04-03	6.063%	CA - 80.00%	Paid Off - 360	Dec-19-02
11572407 2			208,000.00	207,303.87	Oct-29-03	9.750%	NY - 59.43%	Paid Off - 360	Feb-11-03
11557856 2			161,250.00	160,019.35	Dec-16-03	10.750%	FL - 75.00%	Paid Off - 360	Jun-06-02
11574616 2			90,000.00	89,610.17	Nov-05-03	9.000%	AZ - 90.00%	Paid Off - 360	Feb-18-03
11557870 2			171,700.00	170,042.96	Dec-11-03	7.990%	CA - 85.00%	Paid Off - 360	Sep-20-02
11574914 2			183,600.00	183,001.50	Nov-14-03	9.875%	CA - 85.00%	Paid Off - 360	Feb-20-03
11557874 2			62,250.00	61,832.50	Dec-02-03	9.500%	MO - 75.00%	Paid Off - 360	Sep-23-02
11581974 2			72,800.00	72,460.43	Oct-20-03	7.750%	AZ - 80.00%	Paid Off - 360	Mar-10-03
11558354 2			112,000.00	110,787.84	Dec-17-03	7.500%	FL - 80.00%	Paid Off - 360	Sep-03-02
11524762 3			68,000.00	67,454.70	Nov-04-03	7.750%	MA - 50.00%	Paid Off - 360	Sep-27-02
11558527 2			297,500.00	296,275.21	Dec-10-03	10.000%	CO - 68.39%	Paid Off - 360	Jan-09-03
11530398 3			96,800.00	96,493.96	Nov-06-03	11.750%	MI - 80.00%	Paid Off - 360	Nov-07-02
11559108 2			105,000.00	104,095.34	Dec-05-03	6.313%	CA - 75.00%	Paid Off - 360	Jan-03-03
11534652 3			99,750.00	68,180.68	Nov-03-03	8.000%	DE - 75.00%	Paid Off - 360	Oct-24-02
11559275 2			318,750.00	315,311.06	Dec-04-03	9.500%	NY - 85.00%	Paid Off - 360	Jul-24-02
11536563 3			92,225.00	91,684.91	Nov-17-03	9.750%	CA - 85.00%	Paid Off - 360	Sep-18-02
11559328 2			224,000.00	221,724.57	Nov-24-03	7.000%	CA - 80.00%	Paid Off - 360	Oct-17-02
11537480 3			256,850.00	254,482.29	Nov-07-03	7.500%	CA - 80.00%	Paid Off - 360	Sep-19-02
11559713 2			129,200.00	127,999.01	Dec-05-03	8.990%	MD - 85.00%	Paid Off - 360	Jul-02-02
11540853 3			102,400.00	101,542.78	Nov-11-03	7.990%	CA - 80.00%	Paid Off - 360	Sep-11-02
11560467 2			92,700.00	91,986.10	Dec-10-03	9.750%	MI - 90.00%	Paid Off - 360	Jul-19-02
11540900 3			289,000.00	285,964.21	Nov-11-03	6.875%	CA - 85.00%	Paid Off - 360	Sep-24-02
11560681 2			157,500.00	156,456.30	Nov-18-03	10.990%	KS - 75.00%	Paid Off - 360	Jul-12-02
11553013 3			229,500.00	227,591.81	Nov-03-03	6.750%	CA - 90.00%	Paid Off - 360	Dec-11-02
11560684 2			152,100.00	150,677.80	Dec-10-03	8.625%	MN - 90.00%	Paid Off - 360	Jul-16-02
11555665 3			182,750.00	181,904.15	Nov-17-03	9.750%	VA - 85.00%	Paid Off - 360	Dec-17-02
11561198 2			193,600.00	191,792.32	Dec-04-03	8.250%	CA - 80.00%	Paid Off - 360	Aug-16-02
11557867 3			120,396.60	119,351.10	Oct-29-03	9.125%	GA - 90.00%	Paid Off - 360	Aug-30-02
11561664 2			94,400.00	93,843.06	Nov-18-03	8.250%	VA - 80.00%	Paid Off - 360	Jan-21-03
11558026 3			95,200.00	94,049.17	Nov-03-03	10.125%	MI - 85.00%	Paid Off - 360	May-06-02
11561683 2			50,850.00	50,627.69	Dec-03-03	9.125%	OH - 90.00%	Paid Off - 360	Feb-11-03
11558762 3			170,000.00	168,525.71	Oct-29-03	7.500%	OR - 85.00%	Paid Off - 360	Jan-23-03
11561798 2			250,200.00	248,337.91	Nov-26-03	7.125%	CA - 90.00%	Paid Off - 360	Jan-15-03
11558868 3			74,400.00	74,223.59	Nov-06-03	12.000%	CT - 80.00%	Paid Off - 360	Dec-31-02
11562367 2			152,000.00	150,821.73	Dec-11-03	8.375%	MN - 89.41%	Paid Off - 360	Oct-24-02
11559290 3			77,000.00	76,161.17	Oct-29-03	7.375%	MN - 70.00%	Paid Off - 360	Sep-23-02
11562376 2			261,000.00	259,286.64	Dec-09-03	8.750%	CA - 90.00%	Paid Off - 360	Nov-18-02
11559341 3			284,750.00	283,888.37	Nov-06-03	10.875%	CT - 85.00%	Paid Off - 360	Jan-08-03
11563080 2			147,600.00	146,588.87	Nov-20-03	7.500%	CA - 90.00%	Paid Off - 360	Jan-29-03
11560155 3			132,000.00	130,694.54	Oct-31-03	8.990%	CA - 80.00%	Paid Off - 360	May-24-02
11563258 2			160,000.00	158,186.35	Dec-09-03	6.990%	CO - 89.89%	Paid Off - 360	Sep-09-02
11560685 3			233,750.00	232,139.98	Nov-06-03	9.750%	NY - 85.00%	Paid Off - 360	Jul-16-02
11563831 2			63,200.00	62,989.59	Nov-26-03	11.000%	LA - 80.00%	Paid Off - 360	Jan-27-03
11560716 3			67,500.00	66,885.80	Oct-22-03	7.990%	OH - 90.00%	Paid Off - 360	Sep-16-02
11564078 2			162,000.00	161,155.76	Dec-16-03	9.625%	FL - 90.00%	Paid Off - 360	Jan-23-03
11564152 3			368,000.00	365,433.13	Nov-17-03	6.800%	CA - 80.00%	Paid Off - 360	Jan-23-03
11565009 2			109,000.00	108,211.55	Dec-10-03	7.625%	VA - 62.29%	Paid Off - 360	Jan-15-03
11564450 3			84,150.00	83,675.21	Nov-04-03	9.490%	AR - 85.00%	Paid Off - 360	Oct-31-02
11565531 2			58,500.00	57,944.70	Dec-04-03	7.350%	SC - 90.00%	Paid Off - 360	Oct-29-02
11565022 3			92,800.00	92,236.84	Nov-13-03	7.500%	CA - 49.89%	Paid Off - 360	Jan-21-03
11566589 2			214,200.00	213,086.73	Dec-17-03	8.875%	WI - 90.00%	Paid Off - 360	Jan-17-03
11565549 3			246,500.00	245,004.11	Nov-03-03	7.500%	CA - 85.00%	Paid Off - 360	Jan-24-03
11567323 2			157,500.00	157,105.53	Nov-25-03	11.750%	NJ - 75.00%	Paid Off - 360	Jan-30-03
11569371 3			337,500.00	334,890.90	Oct-31-03	6.250%	CA - 90.00%	Paid Off - 360	Jan-23-03
11567671 2			182,725.00	182,089.01	Dec-04-03	10.250%	NV - 84.99%	Paid Off - 360	Jan-28-03
11570890 3			152,000.00	151,244.47	Oct-23-03	7.875%	CA - 80.00%	Paid Off - 360	Feb-05-03
11567836 2			169,600.00	168,257.47	Dec-11-03	6.125%	CA - 80.00%	Paid Off - 360	Feb-07-03
11573534 3			425,000.00	422,132.69	Nov-11-03	6.250%	VA - 84.16%	Paid Off - 360	Feb-13-03
11568750 2			70,000.00	69,803.40	Dec-17-03	11.375%	ND - 50.00%	Paid Off - 360	Jan-29-03
11578748 3			70,700.00	70,396.93	Nov-06-03	9.500%	WA - 78.56%	Paid Off - 360	Jan-13-03
11568760 2			183,850.00	182,058.96	Dec-01-03	6.750%	CA - 79.99%	Paid Off - 360	Nov-25-02
11579845 3			73,800.00	73,466.57	Nov-14-03	8.750%	FL - 90.00%	Paid Off - 360	Feb-27-03
11568919 2			137,600.00	136,917.96	Nov-24-03	9.250%	NJ - 78.18%	Paid Off - 360	Feb-13-03
11582854 3			290,933.00	289,364.34	Nov-04-03	7.000%	CA - 78.63%	Paid Off - 360	Mar-06-03
11569400 2			97,750.00	97,291.67	Dec-15-03	9.990%	CA - 85.00%	Paid Off - 360	Dec-09-02
					Page 21 of 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for November 25, 2003 Distribution
	Prepayment Detail Report for December 26, 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
69700133 3			47,250.00	44,989.99	Oct-22-03	9.500%	GA - 90.00%	Paid Off - 360	Jul-29-97
11571476 2			97,200.00	96,768.14	Nov-18-03	8.375%	CT - 90.00%	Paid Off - 360	Mar-05-03
11572006 2			168,300.00	167,253.16	Nov-18-03	7.375%	MD - 90.00%	Paid Off - 360	Feb-20-03
11572078 2			218,700.00	217,822.45	Dec-15-03	8.875%	PA - 90.00%	Paid Off - 360	Mar-13-03
11573355 2			275,000.00	273,114.28	Dec-15-03	6.875%	CA - 62.50%	Paid Off - 360	Feb-28-03
11573886 2			164,050.00	163,520.87	Dec-15-03	9.990%	NJ - 85.00%	Paid Off - 360	Feb-25-03
11574010 2			320,000.00	317,960.25	Dec-10-03	7.250%	CA - 80.00%	Paid Off - 360	Feb-14-03
11576155 2			107,200.00	106,673.34	Nov-20-03	7.875%	FL - 80.00%	Paid Off - 360	Mar-05-03
11578027 2			248,800.00	248,009.55	Nov-21-03	10.875%	MA - 80.00%	Paid Off - 360	Feb-21-03
11579363 2			184,000.00	183,161.08	Nov-24-03	8.250%	IL - 80.00%	Paid Off - 360	Mar-10-03
11530842 3			693,750.00	689,393.55	Dec-04-03	7.938%	NJ - 75.00%	Paid Off - 360	Jan-09-03
11531764 3			166,500.00	164,676.48	Dec-17-03	6.750%	CA - 90.00%	Paid Off - 360	Oct-21-02
11532209 3			144,000.00	142,904.92	Dec-10-03	8.750%	OH - 80.00%	Paid Off - 360	Oct-31-02
11532757 3			360,000.00	357,318.62	Dec-09-03	7.625%	VA - 67.92%	Paid Off - 360	Dec-20-02
11534301 3			111,200.00	110,516.79	Nov-20-03	9.000%	CA - 80.00%	Paid Off - 360	Dec-23-02
11537476 3			166,400.00	164,729.77	Dec-02-03	7.490%	CA - 80.00%	Paid Off - 360	Sep-19-02
11542506 3			125,000.00	124,314.17	Nov-20-03	9.625%	CA - 67.57%	Paid Off - 360	Nov-19-02
11546987 3			1,500,000.00	1,491,081.13	Dec-08-03	8.750%	MN - 68.18%	Paid Off - 360	Dec-26-02
11548233 3			93,600.00	92,831.23	Dec-01-03	7.875%	MI - 90.00%	Paid Off - 360	Nov-22-02
11549574 3			141,300.00	139,994.02	Dec-17-03	6.375%	VA - 90.00%	Paid Off - 360	Jan-31-03
11550123 3			204,000.00	202,372.59	Nov-26-03	7.275%	FL - 80.00%	Paid Off - 360	Dec-18-02
11550502 3			121,500.00	120,788.58	Dec-05-03	9.750%	CA - 75.00%	Paid Off - 360	Oct-15-02
11554812 3			238,500.00	237,195.67	Dec-04-03	8.625%	VA - 90.00%	Paid Off - 360	Jan-13-03
11555616 3			690,000.00	685,108.74	Nov-26-03	7.875%	MD - 60.00%	Paid Off - 360	Dec-30-02
11556051 3			98,000.00	97,666.01	Dec-05-03	10.375%	MI - 56.98%	Paid Off - 360	Feb-14-03
11556877 3			349,600.00	346,998.58	Dec-04-03	7.375%	CA - 80.00%	Paid Off - 360	Jan-24-03
11557938 3			69,520.00	69,090.76	Dec-08-03	9.650%	MI - 80.00%	Paid Off - 360	Nov-25-02
11558094 3			256,000.00	253,921.72	Nov-24-03	6.625%	CA - 80.00%	Paid Off - 360	Jan-02-03
11558347 3			106,650.00	105,626.17	Nov-21-03	8.500%	CA - 90.00%	Paid Off - 360	Jul-09-02
11558841 3			130,050.17	129,033.47	Nov-18-03	8.750%	MA - 85.01%	Paid Off - 360	Sep-16-02
11559427 3			183,300.00	182,371.89	Dec-17-03	9.900%	CA - 65.00%	Paid Off - 360	Jan-16-03
11561192 3			95,000.00	94,033.07	Dec-01-03	9.500%	MI - 76.00%	Paid Off - 360	Aug-02-02
11562258 3			256,500.00	255,378.47	Nov-19-03	9.125%	NJ - 90.00%	Paid Off - 360	Feb-21-03
11563034 3			450,000.00	446,603.07	Nov-18-03	6.375%	IL - 90.00%	Paid Off - 360	Feb-13-03
11564443 3			57,600.00	57,247.93	Nov-20-03	9.950%	FL - 80.00%	Paid Off - 360	Sep-26-02
11565088 3			187,650.00	186,414.89	Dec-05-03	8.750%	FL - 90.00%	Paid Off - 360	Jan-22-03
11565129 3			184,500.00	183,565.28	Nov-24-03	9.000%	VA - 90.00%	Paid Off - 360	Jan-31-03
11565643 3			337,500.00	333,665.81	Dec-03-03	7.250%	CA - 90.00%	Paid Off - 360	Aug-27-02
11566582 3			159,300.00	158,235.53	Nov-20-03	7.625%	VA - 90.00%	Paid Off - 360	Jan-23-03
11566842 3			75,000.00	74,530.84	Dec-12-03	8.500%	CA - 25.00%	Paid Off - 360	Dec-19-02
11568812 3			88,400.00	88,070.73	Dec-01-03	10.990%	MN - 65.00%	Paid Off - 360	Dec-26-02
11569240 3			112,500.00	112,089.16	Nov-20-03	9.990%	WA - 75.00%	Paid Off - 360	Feb-12-03
11573370 3			100,000.00	99,329.41	Nov-24-03	6.990%	MD - 55.25%	Paid Off - 360	Feb-07-03
11575541 3			242,100.00	240,800.09	Nov-26-03	8.125%	CA - 90.00%	Paid Off - 360	Feb-13-03
11576162 3			170,000.00	169,125.12	Dec-09-03	8.375%	OR - 56.67%	Paid Off - 360	Feb-20-03
11578030 3			62,300.00	61,921.85	Dec-04-03	7.500%	AZ - 65.58%	Paid Off - 360	Feb-24-03
					Page 22 of 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Realized Loss Report for November 25, 2003 Distribution
	Realized Loss Report for December 26, 2003 Distribution
	Realized Loss Report - Collateral
COLLATERAL REALIZED LOSSES					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Current
	Number of Loans Liquidated				1-	12	-	2
	Collateral Realized Loss/(Gain) Amount				~~17,981.67~~-	411,~~268~~180.9924	-	2211,~~250~~180.6624
	Net Liquidation Proceeds				~~111,799.85~~-	~~126~~192,~~987~~871.2360	-	~~238~~192,~~787~~871.0860
	Cumulative
	Number of Loans Liquidated				2	13	1	46
	Collateral Realized Loss/(Gain) Amount				26,056.47	415,~~268~~449.9923	5,315.24	3546,~~640~~820.7094
	Net Liquidation Proceeds				354,306.34	~~126~~319,~~987~~858.2383	103,624.91	~~584~~777,~~918~~790.4808
	Note: Collateral Realized Loss Amount may include adjustments to loans liquidated in prior periods.
	Current Principal Loss				~~9,812~~0.2600	011,180.0024	0.00	911,~~812~~180.2624
	Current Interest Loss/Expenses				~~8,169~~0.4100	~~4,268~~0.9900	0.00	~~12,438~~0.4000
	Additional Losses from Prior Periods				0.00	0.00	0.00	0.00
	TOTAL REALIZED LOSSES				~~17,981~~0.6700	411,~~268~~180.9924	0.00	2211,~~250~~180.6624
	Fixed		Adjustable				3 Months Moving Average
	Adjustable
Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation
				Page 23 of 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Realized Loss Report for November 25, 2003 Distribution
	Realized Loss Report for December 26, 2003 Distribution
	Realized Loss Report - Collateral
DEFAULT SPEEDS					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	MDR				0.0700%	0.0711%	0.00%	0.0403%
	3 Months Avg MDR				0.02%	0.0206%	0.0100%	0.02%
	12 Months Avg MDR
	Avg MDR Since Cut-off				0.02%	0.0102%	0.00%	0.01%
	CDR				0.8300%	01.8435%	0.00%	0.4737%
	3 Months Avg CDR				0.28%	0.2873%	0.1400%	0.2228%
	12 Months Avg CDR
	Avg CDR Since Cut-off				0.2825%	0.1124%	0.05%	0.1316%
	SDA				40.1900%	46.1707%	0.00%	21.3974%
	3 Months Avg SDA Approximation				1.5540%	13.5462%	0.8300%	1.2443%
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation				21.1880%	01.7970%	0.4336%	1.0416%
	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 24 of 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Realized Loss Report for November 25, 2003 Distribution
	Realized Loss Report for December 26, 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 25 of 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Realized Loss Detail Report for November 25, 2003 Distribution
	Realized Loss Detail Report for December 26, 2003 Distribution
	Realized Loss Detail Report - Loans Liquidated During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 2						Loan Group 1 = Fixed Group
Total Original Principal Balance = 262,300.00						Loan Group 2 = Adjustable Group
Total Original Principal Balance = 205,400.00						Loan Group 2 = Adjustable Group
Total Prior Principal Balance = 261,037.74						Loan Group 3 = Adjustable Group
Total Prior Principal Balance = 204,051.84						Loan Group 3 = Adjustable Group
Total Realized Loss Amount = 22,250.66
Total Realized Loss Amount = 11,180.24
Total Net Liquidation Proceeds = 238,787.08
Total Net Liquidation Proceeds = 192,871.60
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
11538846 2			131,800.00	131,256.22	-	9.990%	VA - 79.88%	360	Dec-03-02
11536560 2		FLC	130,200.00	129,424.81	-	10.990%	CA - 70.00%	360	Sep-23-02
11561673 3		FLC	130,500.00	129,781.52	9,812.26	7.990%	AZ - 90.00%	360	Jan-08-03
11540489 2			75,200.00	74,627.03	11,180.24	8.875%	AZ - 80.00%	360	Sep-27-02
					Page 26 of 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Triggers, Adj. Rate Cert. and Miscellaneous Report for November 25, 2003 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report for December 26, 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				1312,~~152~~811,~~312~~707.1465	9,~~215~~959,~~992~~437.1027	34,~~802~~520,~~334~~176.0423	2627,~~170~~291,~~638~~321.2815
ADJUSTABLE RATE CERTIFICATE INFORMATION					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
SPACE INTENTIONALLY LEFT BLANK
ADDITIONAL INFORMATION					ADJUSTABLE	ADJUSTABLE	FIXED	TOTAL
	Fixed Rate Net WAC Cap							5.~~889379~~863621%
	Fixed Rate Net WAC Cap (AF-1 only)							65.~~092461~~674472%
	Variable Net WAC Cap							65.~~231259~~827938%
	Subordinate Net WAC Cap							65.~~173986~~764897%
	Subordinate Net WAC Cap (BF only)							5.~~968187~~957061%
				Page 27 of 28				© COPYRIGHT 2003 Deutsche Bank
	Saxon Asset Securities Trust 2003-1
	Mortgage Pass-Through Certificates
	Additional Certificate Report for November 25, 2003 Distribution
	Additional Certificate Report for December 26, 2003 Distribution
	Additional Certificate Report
	CLASS				Optimal Pass-Through Rate	Cap Carryover Amt	Civil Relief Act Shortfall	Unpaid Realized Loss Amt
	AF-1				1.~~220000~~218750%	0.00	817.2003	0.00
	AF-2				2.390000%	0.00	818.6005	0.00
	AF-3				2.920000%	0.00	1227.8908	0.00
	AF-4				3.960000%	0.00	1021.2859	0.00
	AF-5				4.955000%	0.00	1634.6495	0.00
	AF-6				4.295000%	0.00	817.5493	0.00
	AF-7				3.534000%	0.00	1837.3261	0.00
	AV-1				1.~~430000~~428750%	0.00	0.00	0.00
	AV-2				1.~~440000~~438750%	0.00	0.00	0.00
	AF-IO				4.150000%	0.00	4697.9174	0.00
	AV-IO				4.150000%	0.00	0.00	0.00
	S				0.~~217500~~218750%	0.00	0.00	0.00
	M-1				1.~~820000~~818750%	0.00	920.2677	0.00
	M-2				2.~~820000~~818750%	0.00	1228.5517	0.00
	M-3				3.~~620000~~618750%	0.00	410.6033	0.00
	BF				6.000000%	~~414~~559.2311	1022.9186	0.00
	BV				4.~~620000~~618750%	0.00	25.6186	0.00
				Page 28 of 28				© COPYRIGHT 2003 Deutsche Bank

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