UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 27, 2005 (Date of earliest event reported) SAXON ASSET SECURITIES COMPANY, (as Depositor, under the Trust Agreement dated as of May 1, 2005 and the Sale and Servicing Agreement, dated May 1, 2005, providing for the issuance of Saxon Asset Securities Trust 2005-2 Mortgage Loan Asset Backed Notes, Series 2005-2) (Exact name of registrant as specified in charter) VIRGINIA (State or Other Jurisdiction of Incorporation) 333-111832-05 52-1865887 (Commission File Number) (I.R.S. Employer Identification No.) 4880 Cox Road Suite 100 Glen Allen, Virginia 23060 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (804) 967-7400 (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b)) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 8.01 Other Events. This current report on Form 8-K relates to the monthly distribution reported to the holders of Saxon Asset Securities Trust 2005-2 Mortgage Loan Asset Backed Notes, Series 2005-2 which was made on June 1, 2005 Item 9.01 Financial Statements and Exhibits. (c) Exhibits Exhibit No. Description 99.1 Monthly Remittance Statement to the Certificateholders dated as of June 27, 2005. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on behalf of the Registrant by the undersigned thereunto duly authorized. DEUTSCHE BANK TRUST COMPANY AMERICAS, IN ITS CAPACITY AS INDENTURE TRUSTEE UNDER THE SALE AND SERVICING AGREEMENT ON BEHALF OF SAXON ASSET SECURITIES COMPANY, REGISTRANT Date: Jul 06, 2005 By: /s/ Katherine M. Wannenmacher Katherine M. Wannenmacher Vice President EXHIBIT INDEX DOCUMENT 99.1 Monthly Remittance Statement to the Certificateholders dated as of June 27, 2005.

SECURITIES AND EXCHANGE COMMISSION



Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-2

June 27, 2005 Distribution

				External Parties						Table of Contents

													Page
				Seller									Page
				Seller						1. Certificate Payment Report					2
				Saxon						1. Certificate Payment Report					2
				Saxon						2. Collection Account Report					4
										2. Collection Account Report					4
										3. Credit Enhancement Report					6
										4. Collateral Report					7
				Certificate Insurer(s)						5. Delinquency Report					10
				Certificate Insurer(s)						5. Delinquency Report					10
										6. REO Report					13

										7. Foreclosure Report					14
										8. Prepayment Report					15
										9. Prepayment Detail Report					18
										9. Prepayment Detail Report					18
										10. Realized Loss Report					19
										11. Realized Loss Detail Report					22
				Servicer(s)						11. Realized Loss Detail Report					22
				Servicer(s)						12. Triggers and Adj. Cert. Report					23
				Saxon						12. Triggers and Adj. Cert. Report					23
				Saxon						13. Additional Certificate Report					24
										13. Additional Certificate Report					24


				Underwriter(s)
				CS First Boston


										Total Number of Pages					24
										Total Number of Pages

				Dates						Contacts

				Cut-Off Date:			May 01, 2005			Brent Hoyler
				Close Date:			June 07, 2005			Administrator
				First Distribution Date:			June 27, 2005			(714) 247-6322
										Brent.Hoyler@db.com
										Brent.Hoyler@db.com
										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92705
				Distribution Date:			June 27, 2005
										Factor Information:			(800) 735-7777
				Record Date:			May 31, 2005			Factor Information:			(800) 735-7777
										Main Phone Number:			(714) 247-6000

							June 24, 2005
							June 24, 2005

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






Page 1 of 24
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-2

June 27, 2005 Distribution
Certificate Payment Report
Current Period Distribution -
					Prior												Current
	Class		Original		Principal						Total		Realized		Deferred		Principal
	Class		Original		Principal						Total		Realized		Deferred		Principal
Class	Type	Cur	Face Value		Balance		Interest		Principal		Distribution		Loss		Interest		Balance


					(1)		(2)		(3)		(4)=(2)+(3)		(5)		(6)		(7)=(1)-(3)-(5)+(6)

A-1A	SR	$	305,690,000.00		305,690,000.00		572,319.61		3,686,701.38		4,259,020.99		0.00		0.00		302,003,298.62
A-1A	SR	$	305,690,000.00		305,690,000.00		572,319.61		3,686,701.38		4,259,020.99		0.00		0.00		302,003,298.62
A-1B	SR	$	76,420,000.00		76,420,000.00		144,773.44		921,645.19		1,066,418.63		0.00		0.00		75,498,354.81
A-2A	SR	$	220,760,000.00		220,760,000.00		398,594.44		3,214,786.25		3,613,380.69		0.00		0.00		217,545,213.75
A-2B	SR	$	39,660,000.00		39,660,000.00		73,150.67		0.00		73,150.67		0.00		0.00		39,660,000.00
A-2C	SR	$	104,410,000.00		104,410,000.00		196,638.83		0.00		196,638.83		0.00		0.00		104,410,000.00
A-2D	SR	$	20,400,000.00		20,400,000.00		39,553.33		0.00		39,553.33		0.00		0.00		20,400,000.00
M-1	SUB	$	53,900,000.00		53,900,000.00		107,201.11		0.00		107,201.11		0.00		0.00		53,900,000.00
M-2	SUB	$	45,080,000.00		45,080,000.00		90,160.00		0.00		90,160.00		0.00		0.00		45,080,000.00
M-3	SUB	$	15,680,000.00		15,680,000.00		31,621.33		0.00		31,621.33		0.00		0.00		15,680,000.00
M-4	SUB	$	31,850,000.00		31,850,000.00		67,061.94		0.00		67,061.94		0.00		0.00		31,850,000.00
M-5	SUB	$	15,190,000.00		15,190,000.00		32,152.17		0.00		32,152.17		0.00		0.00		15,190,000.00
M-6	SUB	$	11,270,000.00		11,270,000.00		24,167.89		0.00		24,167.89		0.00		0.00		11,270,000.00
B-1	SUB	$	20,090,000.00		20,090,000.00		48,662.44		0.00		48,662.44		0.00		0.00		20,090,000.00
B-2	SUB	$	9,800,000.00		9,800,000.00		24,282.22		0.00		24,282.22		0.00		0.00		9,800,000.00
B-3	SUB	$	9,800,000.00		9,800,000.00		26,732.22		0.00		26,732.22		0.00		0.00		9,800,000.00
TRUST	NOF/SUB	$	0.00		0.00		2,062,264.04		0.00		2,062,264.04		0.00		0.00		0.00


Total			980,000,000.00		980,000,000.00		3,939,335.68		7,823,132.82		11,762,468.50		0.00		0.00		972,176,867.18
Total




Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face-
									Orig. Principal		Prior							Current
									Orig. Principal		Prior							Current
	Period		Period						(with Notional)		Principal						Total	Principal
	Period		Period
Class	Starting		Ending		Method		Cusip		Balance		Balance		Interest		Principal		Distribution	Balance

									(1)		(1)		(2)		(3)		(4)=(2)+(3)	(5)
A-1A	06/07/05		06/26/05		A-Act/360		805564RW3		305,690,000.00		1,000.000000		1.872222		12.060262		13.932484	987.939738
A-1B	06/07/05		06/26/05		A-Act/360		805564RX1		76,420,000.00		1,000.000000		1.894444		12.060262		13.954706	987.939738
A-2A	06/07/05		06/26/05		A-Act/360		805564RY9		220,760,000.00		1,000.000000		1.805556		14.562358		16.367914	985.437642
A-2B	06/07/05		06/26/05		A-Act/360		805564RZ6		39,660,000.00		1,000.000000		1.844445		0.000000		1.844445	1,000.000000
A-2C	06/07/05		06/26/05		A-Act/360		805564SA0		104,410,000.00		1,000.000000		1.883333		0.000000		1.883333	1,000.000000
A-2D	06/07/05		06/26/05		A-Act/360		805564SB8		20,400,000.00		1,000.000000		1.938889		0.000000		1.938889	1,000.000000
M-1	06/07/05		06/26/05		A-Act/360		805564SC6		53,900,000.00		1,000.000000		1.988889		0.000000		1.988889	1,000.000000
M-2	06/07/05		06/26/05		A-Act/360		805564SD4		45,080,000.00		1,000.000000		2.000000		0.000000		2.000000	1,000.000000
M-3	06/07/05		06/26/05		A-Act/360		805564SE2		15,680,000.00		1,000.000000		2.016666		0.000000		2.016666	1,000.000000
M-4	06/07/05		06/26/05		A-Act/360		805564SF9		31,850,000.00		1,000.000000		2.105555		0.000000		2.105555	1,000.000000
M-5	06/07/05		06/26/05		A-Act/360		805564SG7		15,190,000.00		1,000.000000		2.116667		0.000000		2.116667	1,000.000000
M-6	06/07/05		06/26/05		A-Act/360		805564SH5		11,270,000.00		1,000.000000		2.144445		0.000000		2.144445	1,000.000000
B-1	06/07/05		06/26/05		A-Act/360		805564SJ1		20,090,000.00		1,000.000000		2.422222		0.000000		2.422222	1,000.000000
B-2	06/07/05		06/26/05		A-Act/360		805564SK8		9,800,000.00		1,000.000000		2.477778		0.000000		2.477778	1,000.000000
B-3	06/07/05		06/26/05		A-Act/360		805564SL6		9,800,000.00		1,000.000000		2.727778		0.000000		2.727778	1,000.000000
TRUST	06/07/05		06/24/05		F-30/360				0.00		0.000000		0.000000		0.000000		0.000000	0.000000




Page 2 of 24
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-2

June 27, 2005 Distribution

Distribution to Date -
																	Current


	Original				Unscheduled		Scheduled		Total		Total		Realized		Deferred		Principal

Class	Face Value		Interest		Principal		Principal		Principal		Distribution		Loss		Interest		Balance
	(1)		(2)		(3)		(4)		(5)=(3)+(4)		(6)=(2)+(5)		(7)		(8)		(9)=(1)-(5)-(7)+(8)
A-1A	305,690,000.00		572,319.61		3,530,684.43		156,016.95		3,686,701.38		4,259,020.99		0.00		0.00		302,003,298.62
A-1B	76,420,000.00		144,773.44		882,642.23		39,002.96		921,645.19		1,066,418.63		0.00		0.00		75,498,354.81
A-2A	220,760,000.00		398,594.44		3,078,740.20		136,046.05		3,214,786.25		3,613,380.69		0.00		0.00		217,545,213.75
A-2B	39,660,000.00		73,150.67		0.00		0.00		0.00		73,150.67		0.00		0.00		39,660,000.00
A-2C	104,410,000.00		196,638.83		0.00		0.00		0.00		196,638.83		0.00		0.00		104,410,000.00
A-2D	20,400,000.00		39,553.33		0.00		0.00		0.00		39,553.33		0.00		0.00		20,400,000.00
M-1	53,900,000.00		107,201.11		0.00		0.00		0.00		107,201.11		0.00		0.00		53,900,000.00
M-2	45,080,000.00		90,160.00		0.00		0.00		0.00		90,160.00		0.00		0.00		45,080,000.00
M-3	15,680,000.00		31,621.33		0.00		0.00		0.00		31,621.33		0.00		0.00		15,680,000.00
M-4	31,850,000.00		67,061.94		0.00		0.00		0.00		67,061.94		0.00		0.00		31,850,000.00
M-5	15,190,000.00		32,152.17		0.00		0.00		0.00		32,152.17		0.00		0.00		15,190,000.00
M-6	11,270,000.00		24,167.89		0.00		0.00		0.00		24,167.89		0.00		0.00		11,270,000.00
B-1	20,090,000.00		48,662.44		0.00		0.00		0.00		48,662.44		0.00		0.00		20,090,000.00
B-2	9,800,000.00		24,282.22		0.00		0.00		0.00		24,282.22		0.00		0.00		9,800,000.00
B-3	9,800,000.00		26,732.22		0.00		0.00		0.00		26,732.22		0.00		0.00		9,800,000.00
TRUST	0.00		2,062,264.04		0.00		0.00		0.00		2,062,264.04		0.00		0.00		0.00


Total	980,000,000.00		3,939,335.68		7,492,066.86		331,065.96		7,823,132.82		11,762,468.50		0.00		0.00		972,176,867.18


Interest Detail -
	Pass		Prior Principal				Non-		Prior		Unscheduled				Paid or		Current
	Pass		Prior Principal				Non-		Prior		Unscheduled				Paid or

	Through		(with Notional)		Accrued		Supported		Unpaid		Interest		Optimal		Deferred		Unpaid

Class	Rate		Balance		Interest		Interest SF		Interest		Adjustment		Interest		Interest		Interest
					(1)		(2)		(3)		(4)		(5)=(1)-(2)+(3)+(4)		(6)		(7)=(5)-(6)
A-1A	3.37000%		305,690,000.00		572,319.61		0.00		0.00		0.00		572,319.61		572,319.61		0.00
A-1B	3.41000%		76,420,000.00		144,773.44		0.00		0.00		0.00		144,773.44		144,773.44		0.00
A-2A	3.25000%		220,760,000.00		398,594.44		0.00		0.00		0.00		398,594.44		398,594.44		0.00
A-2B	3.32000%		39,660,000.00		73,150.67		0.00		0.00		0.00		73,150.67		73,150.67		0.00
A-2C	3.39000%		104,410,000.00		196,638.83		0.00		0.00		0.00		196,638.83		196,638.83		0.00
A-2D	3.49000%		20,400,000.00		39,553.33		0.00		0.00		0.00		39,553.33		39,553.33		0.00
M-1	3.58000%		53,900,000.00		107,201.11		0.00		0.00		0.00		107,201.11		107,201.11		0.00
M-2	3.60000%		45,080,000.00		90,160.00		0.00		0.00		0.00		90,160.00		90,160.00		0.00
M-3	3.63000%		15,680,000.00		31,621.33		0.00		0.00		0.00		31,621.33		31,621.33		0.00
M-4	3.79000%		31,850,000.00		67,061.94		0.00		0.00		0.00		67,061.94		67,061.94		0.00
M-5	3.81000%		15,190,000.00		32,152.17		0.00		0.00		0.00		32,152.17		32,152.17		0.00
M-6	3.86000%		11,270,000.00		24,167.89		0.00		0.00		0.00		24,167.89		24,167.89		0.00
B-1	4.36000%		20,090,000.00		48,662.44		0.00		0.00		0.00		48,662.44		48,662.44		0.00
B-2	4.46000%		9,800,000.00		24,282.22		0.00		0.00		0.00		24,282.22		24,282.22		0.00
B-3	4.91000%		9,800,000.00		26,732.22		0.00		0.00		0.00		26,732.22		26,732.22		0.00
TRUST	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		2,062,264.04		0.00


Total			980,000,000.00		1,877,071.64		0.00		0.00		0.00		1,877,071.64		3,939,335.68		0.00



Page 3 of 24
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-2

June 27, 2005 Distribution
Collection Account Report
SUMMARY
SUMMARY
										Group 2		Group 1		Total
Principal Collections										3,214,786.25		4,608,346.57		7,823,132.82
Principal Withrawals										0.00		0.00		0.00
Principal Other Accounts										0.00		0.00		0.00
TOTAL NET PRINCIPAL										3,214,786.25		4,608,346.57		7,823,132.82
Interest Collections										2,024,821.27		2,003,557.74		4,028,379.01
Interest Withdrawals										-0.00		-0.00		-0.00
Interest Other Accounts										0.00		0.00		114,143.60
Interest Fees										-75,181.58		-102,197.05		-175,320.26
TOTAL NET INTEREST										1,949,639.69		1,901,360.69		3,967,202.35
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION										5,164,425.94		6,509,707.26		11,790,335.17
Retained Interest paid to SAXON Funding Management														27,866.67



PRINCIPAL - COLLECTIONS
PRINCIPAL - COLLECTIONS
											Group 2		Group 1		Total
Scheduled Principal Received											163,635.31		167,430.65		331,065.96
Curtailments											15,802.76		127,838.80		143,641.56
Prepayments In Full											3,035,348.18		4,313,077.12		7,348,425.30
Repurchased/Substitutions											0.00		0.00		0.00
Liquidations											0.00		0.00		0.00
Other Additional Principal											0.00		0.00		0.00
Delinquent Principal											-24,578.39		-21,679.60		-46,257.99
Realized Losses											-0.00		-0.00		-0.00
Advanced Principal											24,578.39		21,679.60		46,257.99
TOTAL PRINCIPAL COLLECTED											3,214,786.25		4,608,346.57		7,823,132.82


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



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





Page 4 of 24
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-2

June 27, 2005 Distribution

INTEREST - COLLECTIONS
INTEREST - COLLECTIONS
										Group 2		Group 1		Total
Scheduled Interest										2,034,846.27		2,012,757.66		4,047,603.93
Repurchased/Substitution Interest										0.00		0.00		0.00
Liquidation Interest										0.00		0.00		0.00
Other Additional Interest										0.00		0.00		0.00
Prepayment Interest Shortfalls										-422.92		-747.88		-1,170.80
Delinquent Interest										-304,689.77		-280,185.03		-584,874.80
Compensating Interest										422.92		747.88		1,170.80
Civil Relief Act Shortfalls										-0.00		-0.00		-0.00
Interest Advanced										294,664.76		270,985.10		565,649.86
TOTAL INTEREST COLLECTED										2,024,821.27		2,003,557.74		4,028,379.01


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



INTEREST - OTHER ACCOUNTS
INTEREST - OTHER ACCOUNTS
										Group 2		Group 1		Total
Prepayment Charges														114,143.60
TOTAL INTEREST OTHER ACCOUNTS										0.00		0.00		114,143.60



INTEREST - FEES
INTEREST - FEES
										Group 2		Group 1		Total
Current Servicing Fees										60,096.88		60,011.51		120,108.39
Master Servicing Fees										14,024.38		#######		27,866.67
PMI Insurance Fees										0.00		27,345.20		27,345.20
TOTAL INTEREST FEES										75,181.58		102,197.05		175,320.26




Page 5 of 24
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-2

June 27, 2005 Distribution
Credit Enhancement Report
ACCOUNTS


SPACE INTENTIONALLY LEFT BLANK





INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES
STRUCTURAL FEATURES
										Group 2		Group 1		Total
Overcollateralization Amount														0.00
Overcollateralization Target Amount														0.00
Overcollateralization Deficiency Amount														0.00
Overcollateralization Release Amount														0.00



Page 6 of 24
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-2

June 27, 2005 Distribution
Collateral Report


COLLATERAL



											Group 2		Group 1		Total



Loan Count:


Original										1,823		2,546		4,369
Prior										1,823		2,546		4,369
Prefunding										0		0		0
Scheduled Paid Offs										-0		-0		-0
Full Voluntary Prepayments										-12		-20		-32
Repurchases										-0		-0		-0
Liquidations										-0		-0		-0
Current										1,811		2,526		4,337
Principal Balance:


Original										390,226,485.44		386,788,598.24		777,015,083.68
Prior										390,226,485.44		386,788,598.24		777,015,083.68
Prefunding										0.00		0.00		0.00
Scheduled Principal										-163,635.31		-167,430.65		-331,065.96
Partial Prepayments										-15,802.76		-127,838.80		-143,641.56
Full Voluntary Prepayments										-3,035,348.18		-4,313,077.12		-7,348,425.30
Repurchases										-0.00		-0.00		-0.00
Liquidations										-0.00		-0.00		-0.00
Current										387,011,699.19		382,180,251.67		769,191,950.86





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





Page 7 of 24
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-2

June 27, 2005 Distribution

CHARACTERISTICS
CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Coupon Original										7.24493%		7.26906%		7.25694%
Weighted Average Coupon Prior										7.24493%		7.26906%		7.25694%
Weighted Average Coupon Current										7.24493%		7.26906%		7.25694%
Weighted Average Months to Maturity Original										354		353		353
Weighted Average Months to Maturity Prior										354		353		353
Weighted Average Months to Maturity Current										354		353		353
Weighted Avg Remaining Amortization Term Original										354		353		353
Weighted Avg Remaining Amortization Term Prior										354		353		353
Weighted Avg Remaining Amortization Term Current										354		353		353
Weighted Average Seasoning Original										2.08		1.98		2.03
Weighted Average Seasoning Prior										2.08		1.98		2.03
Weighted Average Seasoning Current										2.08		1.98		2.03









Page 8 of 24
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-2

June 27, 2005 Distribution

ARM CHARACTERISTICS
ARM CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Margin Original										5.91351%		5.88930%		5.90177%
Weighted Average Margin Prior										5.91351%		5.88930%		5.90177%
Weighted Average Margin Current										5.91351%		5.88930%		5.90177%
Weighted Average Max Rate Original										13.27073%		13.25885%		13.26497%
Weighted Average Max Rate Prior										13.27073%		13.25885%		13.26497%
Weighted Average Max Rate Current										13.27073%		13.25885%		13.26497%
Weighted Average Min Rate Original										6.38330%		6.34020%		6.36240%
Weighted Average Min Rate Prior										6.38330%		6.34020%		6.36240%
Weighted Average Min Rate Current										6.38330%		6.34020%		6.36240%
Weighted Average Cap Up Original										1.02746%		1.01880%		1.02326%
Weighted Average Cap Up Prior										1.02746%		1.01880%		1.02326%
Weighted Average Cap Up Current										1.02746%		1.01880%		1.02326%
Weighted Average Cap Down Original										1.02746%		1.01880%		1.02326%
Weighted Average Cap Down Prior										1.02746%		1.01880%		1.02326%
Weighted Average Cap Down Current										1.02746%		1.01880%		1.02326%




SERVICING FEES & ADVANCES

											Group 2		Group 1		Total




Current Servicing Fees										60,096.88		60,011.51		120,108.39
Delinquent Servicing Fees										10,025.00		9,199.93		19,224.93
TOTAL SERVICING FEES										69,817.59		69,566.56		139,384.15


Servicing Fees										69,817.59		69,566.56		139,384.15
Master Servicing Fees										14,024.38		13,842.29		27,866.67
Total Servicing Fees (incl. Master Servicing Fees)										84,146.26		83,053.73		167,199.99
Compensating Interest										-422.92		-747.88		-1,170.80
Delinquent Servicing Fees										-10,025.00		-9,199.93		-19,224.93
COLLECTED SERVICING FEES										73,698.35		73,105.93		146,804.27

Total Advanced Interest										294,664.76		270,985.10		565,649.86
Total Advanced Principal										24,578.39		21,679.60		46,257.99
Aggregate Advances with respect to this Distribution										37,533.10		31,613.81		69,146.92





ADDITIONAL COLLATERAL INFORMATION
										Group 2		Group 1		Total
Prepayment Interest Shortfall (PPIS)										422.92		747.88		1,170.80
Compensating Interest										-422.92		-747.88		-1,170.80
Net Prepayment Interest Shortfall (PPIS)										0.00		0.00		0.00

Libor For Current Period														3.1600%
Libor For Next Period														3.3144%
Retained Interest paid to SAXON Funding Management														27,866.67




Page 9 of 24
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-2

June 27, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				219,433.30		0.00		0.00		219,433.30
			% Balance				0.03%		0.00%		0.00%		0.03%
			# Loans				1		0		0		1
			% # Loans				0.02%		0.00%		0.00%		0.02%
	FORECLOSURE		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	BANKRUPTCY		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	REO		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		0.00		219,433.30		0.00		0.00		219,433.30
			% Balance		0.00%		0.03%		0.00%		0.00%		0.03%
			# Loans		0		1		0		0		1
			% # Loans		0.00%		0.02%		0.00%		0.00%		0.02%









Page 10 of 24
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-2

June 27, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				219,433.30		0.00		0.00		219,433.30
			% Balance				0.06%		0.00%		0.00%		0.06%
			# Loans				1		0		0		1
			% # Loans				0.04%		0.00%		0.00%		0.04%
	FORECLOSURE		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	BANKRUPTCY		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	REO		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		0.00		219,433.30		0.00		0.00		219,433.30
			% Balance		0.00%		0.06%		0.00%		0.00%		0.06%
			# Loans		0		1		0		0		1
			% # Loans		0.00%		0.04%		0.00%		0.00%		0.04%










Page 11 of 24
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-2

June 27, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				0.00		0.00		0.00		0.00
			% Balance				0.00%		0.00%		0.00%		0.00%
			# Loans				0		0		0		0
			% # Loans				0.00%		0.00%		0.00%		0.00%
	FORECLOSURE		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	BANKRUPTCY		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	REO		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%









Page 12 of 24
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-2

June 27, 2005 Distribution
REO Report
Loan Number			Original		Stated				Current		State &

														First
&			Principal		Principal		Paid to		Note		LTV at		Original		Payment

Loan Group			Balance		Balance		Date		Rate		Origination		Term		Date




TOTAL



Page 13 of 24
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-2

June 27, 2005 Distribution
Foreclosure Report
Loan Number			Original		Stated				Current		State &

														First
&			Principal		Principal		Paid to		Note		LTV at		Original		Payment

Loan Group			Balance		Balance		Date		Rate		Origination		Term		Date




TOTAL



Page 14 of 24
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-2

June 27, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS
VOLUNTARY PREPAYMENTS

											Group 2		Group 1		Total




Current


Number of Paid in Full Loans										12		20		32
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										12		20		32
Curtailments Amount										15,802.76		127,838.80		143,641.56
Paid in Full Balance										3,035,348.18		4,313,077.12		7,348,425.30
Repurchased Loans Balance										0.00		0.00		0.00
Total Prepayment Amount										3,051,150.94		4,440,915.92		7,492,066.86

Cumulative


Number of Paid in Full Loans										12		20		32
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										12		20		32
Paid in Full Balance										3,035,348.18		4,313,077.12		7,348,425.30
Repurchased Loans Balance										0.00		0.00		0.00
Curtailments Amount										15,802.76		127,838.80		143,641.56
Total Prepayment Amount										3,051,150.94		4,440,915.92		7,492,066.86










Page 15 of 24
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-2

June 27, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES
VOLUNTARY PREPAYMENTS RATES

											Group 2		Group 1		Total



SMM										0.78%		1.15%		0.96%
3 Months Avg SMM										0.78%		1.15%		0.96%
12 Months Avg SMM										0.78%		1.15%		0.96%
Avg SMM Since Cut-off										0.78%		1.15%		0.96%


CPR										8.99%		12.95%		10.98%
3 Months Avg CPR										8.99%		12.95%		10.98%
12 Months Avg CPR										8.99%		12.95%		10.98%
Avg CPR Since Cut-off										8.99%		12.95%		10.98%


PSA										2,165.92%		3,266.98%		2,705.98%
3 Months Avg PSA Approximation										2,165.92%		3,266.99%		2,705.98%
12 Months Avg PSA Approximation										2,165.92%		3,266.99%		2,705.98%
Avg PSA Since Cut-off Approximation										2,165.92%		3,266.99%		2,705.98%










Page 16 of 24
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-2

June 27, 2005 Distribution






PREPAYMENT CALCULATION METHODOLOGY

Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases + Liquidations )/(Beg Principal Balance - Sched Principal) Conditional Prepayment Rate (CPR): 1-((1-SMM)^12) PSA Standard Prepayment Model: CPR/(0.002min(30,WAS)) Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn)(1-SMMn+1)...(1-SMMm)]^(1/months in period n,m) Conditional Prepayment Rate (CPR): 1-((1-SMM)^12) Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.002*Avg WASn,m)) Average WASn,m: (min(30,WASn)+min(30,WASn+1)+...+min(30,WASm)/(number of months in the period n,m) Weighted Average Seasoning (WAS) Dates correspond to distribution dates. Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments, liquidations, and repurchases.













Page 17 of 24
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-2

June 27, 2005 Distribution
Prepayment Detail Report
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
Loan Number			Original							Current		State &		Type Prepayment

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

11055489 1			79,390.00		76,203.11			07-Jun-2005		10.750%		TX - 90.00%		Paid Off - 360		01-Feb-1999
			79,390.00

11815504 2			600,000.00		598,293.09			16-Jun-2005		8.875%		FL - 46.15%		Paid Off - 360		01-Jan-2005
11815504 2					598,293.09			16-Jun-2005		8.875%		FL - 46.15%		Paid Off - 360		01-Jan-2005
11815711 1			184,100.00		184,100.00			15-Jun-2005		7.375%		VA - 70.00%		Paid Off - 360		01-Feb-2005
11815711 1					184,100.00			15-Jun-2005		7.375%		VA - 70.00%		Paid Off - 360		01-Feb-2005
11829211 2			435,000.00		435,000.00			26-May-2005		7.250%		CA - 57.24%		Paid Off - 360		01-Feb-2005
11829211 2					435,000.00			26-May-2005		7.250%		CA - 57.24%		Paid Off - 360		01-Feb-2005
11829218 2			50,000.00		49,890.19			14-Jun-2005		7.600%		OH - 77.52%		Paid Off - 360		01-Mar-2005
11829218 2					49,890.19			14-Jun-2005		7.600%		OH - 77.52%		Paid Off - 360		01-Mar-2005
11835886 2			224,500.00		224,001.03			02-Jun-2005		7.540%		CA - 83.15%		Paid Off - 360		01-Mar-2005
11835886 2					224,001.03			02-Jun-2005		7.540%		CA - 83.15%		Paid Off - 360		01-Mar-2005
11837029 2			97,930.00		97,864.29			#######		8.000%		GA - 70.00%		Paid Off - 360		01-May-2005
11837029 2					97,864.29					8.000%		GA - 70.00%		Paid Off - 360		01-May-2005
11837597 2			67,240.00		67,095.28			07-Jun-2005		7.700%		MI - 82.00%		Paid Off - 360		01-Mar-2005
11837597 2					67,095.28			07-Jun-2005		7.700%		MI - 82.00%		Paid Off - 360		01-Mar-2005
11842453 1			340,000.00		339,429.89			16-Jun-2005		6.900%		CA - 62.96%		Paid Off - 360		01-Apr-2005
11842453 1					339,429.89			16-Jun-2005		6.900%		CA - 62.96%		Paid Off - 360		01-Apr-2005
11842782 2			224,999.00		224,999.00			10-Jun-2005		6.750%		CA - 75.00%		Paid Off - 360		01-Apr-2005
11842782 2					224,999.00			10-Jun-2005		6.750%		CA - 75.00%		Paid Off - 360		01-Apr-2005
11842988 1			240,000.00		239,999.04			13-Jun-2005		7.250%		MD - 80.00%		Paid Off - 360		01-May-2005
11842988 1					239,999.04			13-Jun-2005		7.250%		MD - 80.00%		Paid Off - 360		01-May-2005
11843256 2			305,500.00		305,499.86			16-Jun-2005		7.400%		CA - 71.88%		Paid Off - 360		01-Apr-2005
11843256 2					305,499.86			16-Jun-2005		7.400%		CA - 71.88%		Paid Off - 360		01-Apr-2005
11846041 2			160,000.00		159,772.27			15-Jun-2005		7.725%		FL - 80.00%		Paid Off - 360		01-Apr-2005
11846041 2					159,772.27			15-Jun-2005		7.725%		FL - 80.00%		Paid Off - 360		01-Apr-2005
11848038 1			110,000.00		110,000.00			02-Jun-2005		7.850%		CA - 40.00%		Paid Off - 360		01-Apr-2005
11848038 1					110,000.00			02-Jun-2005		7.850%		CA - 40.00%		Paid Off - 360		01-Apr-2005
11849951 1			152,000.00		152,000.00			02-Jun-2005		7.700%		AZ - 80.00%		Paid Off - 360		01-May-2005
11849951 1					152,000.00			02-Jun-2005		7.700%		AZ - 80.00%		Paid Off - 360		01-May-2005
11850475 1			136,000.00		135,488.95			09-Jun-2005		7.500%		IL - 80.00%		Paid Off - 360		01-Jan-2005
11850475 1					135,488.95			09-Jun-2005		7.500%		IL - 80.00%		Paid Off - 360		01-Jan-2005
11850888 1			313,500.00		313,500.00			16-Jun-2005		6.650%		MD - 75.00%		Paid Off - 360		01-May-2005
11850888 1					313,500.00			16-Jun-2005		6.650%		MD - 75.00%		Paid Off - 360		01-May-2005
11854253 1			318,000.00		318,000.00			01-Jun-2005		6.200%		MD - 87.36%		Paid Off - 360		01-May-2005
11854253 1					318,000.00			01-Jun-2005		6.200%		MD - 87.36%		Paid Off - 360		01-May-2005
11855587 2			490,900.00		490,900.00			16-Jun-2005		7.850%		IL - 87.66%		Paid Off - 360		01-May-2005
11855587 2					490,900.00			16-Jun-2005		7.850%		IL - 87.66%		Paid Off - 360		01-May-2005
11855788 1			226,500.00		226,500.00			26-May-2005		6.550%		VA - 67.01%		Paid Off - 360		01-May-2005
11855788 1					226,500.00			26-May-2005		6.550%		VA - 67.01%		Paid Off - 360		01-May-2005
11856023 2			213,237.00		213,092.47			16-Jun-2005		7.950%		FL - 95.00%		Paid Off - 360		01-May-2005
11856023 2					213,092.47			16-Jun-2005		7.950%		FL - 95.00%		Paid Off - 360		01-May-2005
11860440 1			316,000.00		316,000.00			31-May-2005		7.400%		MD - 80.00%		Paid Off - 360		01-Jun-2005
11860440 1					316,000.00			31-May-2005		7.400%		MD - 80.00%		Paid Off - 360		01-Jun-2005
11860441 1			141,911.00		141,824.14			25-May-2005		8.450%		FL - 80.00%		Paid Off - 360		01-May-2005
11860441 1					141,824.14			25-May-2005		8.450%		FL - 80.00%		Paid Off - 360		01-May-2005
11860990 1			258,400.00		258,400.00			15-Jun-2005		7.450%		VA - 87.30%		Paid Off - 360		01-May-2005
11860990 1					258,400.00			15-Jun-2005		7.450%		VA - 87.30%		Paid Off - 360		01-May-2005
11861151 1			318,750.00		318,750.00			13-Jun-2005		6.600%		CA - 85.00%		Paid Off - 360		01-May-2005
11861151 1					318,750.00			13-Jun-2005		6.600%		CA - 85.00%		Paid Off - 360		01-May-2005
11862063 1			206,550.00		206,550.00			27-May-2005		7.300%		GA - 85.00%		Paid Off - 360		01-May-2005
11862063 1					206,550.00			27-May-2005		7.300%		GA - 85.00%		Paid Off - 360		01-May-2005
11862138 1			266,000.00		266,000.00			02-Jun-2005		7.350%		CA - 66.50%		Paid Off - 360		01-May-2005
11862138 1					266,000.00			02-Jun-2005		7.350%		CA - 66.50%		Paid Off - 360		01-May-2005
11862910 1			153,212.00		153,212.00			25-May-2005		7.850%		CA - 70.00%		Paid Off - 360		01-Jun-2005
11862910 1					153,212.00			25-May-2005		7.850%		CA - 70.00%		Paid Off - 360		01-Jun-2005
11863299 1			218,000.00		218,000.00			13-Jun-2005		7.100%		NV - 81.95%		Paid Off - 360		01-May-2005
11863299 1					218,000.00			13-Jun-2005		7.100%		NV - 81.95%		Paid Off - 360		01-May-2005
11863426 2			169,070.00		168,940.70			01-Jun-2005		7.350%		FL - 90.00%		Paid Off - 360		01-May-2005
11863426 2					168,940.70			01-Jun-2005		7.350%		FL - 90.00%		Paid Off - 360		01-May-2005
11864315 1			184,000.00		183,999.99			07-Jun-2005		7.375%		CA - 79.31%		Paid Off - 360		01-Mar-2005
11864315 1					183,999.99			07-Jun-2005		7.375%		CA - 79.31%		Paid Off - 360		01-Mar-2005
11868498 1			155,120.00		155,120.00			31-May-2005		8.550%		FL - 80.00%		Paid Off - 360		01-Jun-2005
11868498 1					155,120.00			31-May-2005		8.550%		FL - 80.00%		Paid Off - 360		01-Jun-2005


TOTAL			7,355,809.00		7,348,425.30
TOTAL


Page 18 of 24
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-2

June 27, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



											Group 2		Group 1		Total


Current
Current



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

Cumulative
Cumulative



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










Page 19 of 24
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-2

June 27, 2005 Distribution


DEFAULT SPEEDS



											Group 2		Group 1		Total



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


CDR										0.00%		0.00%		0.00%
3 Months Avg CDR										0.00%		0.00%		0.00%
12 Months Avg CDR										0.00%		0.00%		0.00%
Avg CDR Since Cut-off										0.00%		0.00%		0.00%


SDA										0.00%		0.00%		0.00%
3 Months Avg SDA Approximation										0.00%		0.00%		0.00%
12 Months Avg SDA Approximation										0.00%		0.00%		0.00%
Avg SDA Since Cut-off Approximation										0.00%		0.00%		0.00%


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












Page 20 of 24
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-2

June 27, 2005 Distribution





COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
	Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)



	Conditional Default Rate (CDR): 1-((1-MDR)^12)

	SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)0.02,MAX(0.03,MIN(30,WAS)0.02-0.0095*(WAS-60)))

	Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn)(1-MDRn+1)...*(1-MDRm)]^(1/months in period n,m)
	Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)

	Average SDA Approximation over period between the nth month and mth month:
	AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)0.02,MAX(0.03,MIN(30,Avg WASn,m)0.02-0.0095*(Avg WASn,m-60)))

	Average WASn,m: (WASn + WASn+1 +...+ WASm )/(number of months in the period n,m)
	Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)

	Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)

	Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.
	Dates correspond to distribution dates.




Page 21 of 24
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-2

June 27, 2005 Distribution
Realized Loss Detail Report
Loan Number			Current		State &				Prior		Realized				Cumulative
															Cumulative
&		Loan	Note		LTV at		Original		Principal		Loss/(Gain)		Realized		Realized

Loan Group		Status	Rate		Origination		Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)
Loan Group		Status	Rate		Origination		Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)




TOTAL



Page 22 of 24
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-2

June 27, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
TRIGGER EVENTS
										Group 2		Group 1		Total
						Has Stepdown Condition occurred (0 = No, 1=Yes)								0

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

						60+ days Delinqueny Balance								0.00
						Ending Collateral Balance								769,191,950.86
						Delinquency Percentage								0.0000%

						Senior Enhancement Percentage								21.874620%

						Cumulative Loss Percentage								0.00000000%


ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION

SPACE INTENTIONALLY LEFT BLANK




Page 23 of 24
Saxon Asset Securities Trust 2005-2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-2

June 27, 2005 Distribution
Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

													NET WAC Shortfall CarryOver		NET WAC Shortfall Paid
CLASS

			A-1A										$0.00		$0.00
													$0.00		$0.00
			A-1B										$0.00		$0.00
													$0.00		$0.00
			A-2A										$0.00		$0.00
													$0.00		$0.00
			A-2B										$0.00		$0.00
													$0.00		$0.00
			A-2C										$0.00		$0.00
													$0.00		$0.00
			A-2D										$0.00		$0.00
													$0.00		$0.00
			M-1										$0.00		$0.00
													$0.00		$0.00
			M-2										$0.00		$0.00
													$0.00		$0.00
			M-3										$0.00		$0.00
													$0.00		$0.00
			M-4										$0.00		$0.00
													$0.00		$0.00
			M-5										$0.00		$0.00
													$0.00		$0.00
			M-6										$0.00		$0.00
													$0.00		$0.00
			B-1										$0.00		$0.00
													$0.00		$0.00
			B-2										$0.00		$0.00
													$0.00		$0.00
			B-3										$0.00		$0.00
													$0.00		$0.00






Page 24 of 24

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)

June 7, 2005

SAXON ASSET SECURITIES COMPANY (as Depositor under the Trust Agreement, dated as of May 1, 2005 and the Sale and Servicing Agreement, dated as of May 1, 2005, providing for the issuance of Mortgage Loan Asset Backed Notes, Series 2005-2)

Saxon Asset Securities Company

(Exact Name of Registrant as Specified in its Charter)

Virginia	333-111832	52-1865887
(State or Other Jurisdiction Of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

4860 Cox Road Glen Allen, Virginia		23060
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: (804) 967-7400

No Change

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

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

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

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

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

Item 8.01. Other Events

The Registrant registered issuances of Mortgage Loan Asset Backed Notes, Series 2005-2 on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, as amended (the “Act”), by Registration Statement on Form S-3 (Registration File No. 333-111832) (the “Registration Statement”). Pursuant to the Registration Statement, the Registrant issued $980,000,000 in aggregate principal amount of Class A-1A, Class A-1B, Class A-2A, Class A-2B, Class A-2C, Class A-2D, Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class B-1, Class B-2 and Class B-3 Notes (the “Notes”) of its Mortgage Loan Asset Backed Notes, Series 2005-2 and one class of trust certificates (the “Trust Certificates” and, together with the Notes, the “Securities”) on June 7, 2005. This Current Report on Form 8-K is being filed to satisfy an undertaking, contained in the definitive Prospectus, dated October 21, 2004, as supplemented by the Prospectus Supplement, dated June 1, 2005 (the “Prospectus Supplement”), to file a copy of the Trust Agreement, Indenture and Sale and Servicing Agreement (each as defined below) and other operative agreements executed in connection with the issuance of the Securities.

The Trust Certificates were issued pursuant to a Trust Agreement (the “Trust Agreement”) attached hereto as Exhibit 4.1, dated as of May 1, 2005, among Saxon Asset Securities Company, as depositor (the “Depositor”), Wilmington Trust Company, as owner trustee and Deutsche Bank Trust Company Americas, as administrator. The Notes were issued pursuant to an Indenture (the “Indenture”) attached hereto as Exhibit 4.2, dated as of May 1, 2005, between Saxon Asset Securities Trust 2005-2 (the “Issuer”) and Deutsche Bank Trust Company Americas, as indenture trustee (the “Indenture Trustee”). The Securities are subject to a Sale and Servicing Agreement (the “Sale and Servicing Agreement”), attached hereto as Exhibit 99.1, dated as of May 1, 2005, among the Issuer, the Depositor, the Indenture Trustee, Saxon Funding Management, Inc., as master servicer and Saxon Mortgage Services, Inc., as servicer. The Notes are secured by the assets of a trust fund (the “Trust Fund”) that consists primarily of a pool of certain conventional, first and second lien, fixed and adjustable rate, fully amortizing and balloon, residential mortgage loans (the “Mortgage Loans”) with an aggregate outstanding principal balance of approximately $777,451,153.68 as of May 1, 2005, together with certain other assets. Capitalized terms used herein and not otherwise defined shall have the meanings assigned to them in the Sale and Servicing Agreement.

Item 9.01. Financial Statements and Exhibits

(a)

Not applicable.

(b)

Not applicable.

(c)

Exhibits:

4.1

Trust Agreement, dated as of May 1, 2005, among Saxon Asset Securities Company, as depositor, Wilmington Trust Company, as owner trustee and Deutsche Bank Trust Company Americas, as administrator.

4.2

Indenture, dated as of May 1, 2005, between Saxon Asset Securities Trust 2005-2, as issuer, and Deutsche Bank Trust Company Americas, as indenture trustee.

99.1 Sale and Servicing Agreement, dated as of May 1, 2005, between Saxon Asset Securities Trust 2005-2, as issuer, Deutsche Bank Trust Company Americas, as indenture trustee, Saxon Asset Securities Company, as depositor, Saxon Funding Management, Inc., as master servicer and Saxon Mortgage Services, Inc., as servicer.

SIGNATURES

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.

SAXON ASSET SECURITIES COMPANY

By: /s/ Ernest G. Bretana

Name: Ernest G. Bretana

Title: Vice President

Dated: June 7, 2005

EXHIBIT INDEX

Exhibit No.

Description

Page No.

4.1

Trust Agreement, dated as of May 1, 2005, among Saxon Asset Securities Company, as depositor, Wilmington Trust Company, as owner trustee and Deutsche Bank Trust Company Americas, as administrator.

4.2

Indenture, dated as of May 1, 2005, between Saxon Asset Securities Trust 2005-2, as issuer, and Deutsche Bank Trust Company Americas, as indenture trustee.

Filing Compare · Saxon Asset Securities Trust 2005-2