Saxon Asset Securities Trust 2006-1

Asset Backed Certificates

June 26, 2006 Distribution

External Parties

Table of Contents

Page

Seller

Saxon Funding Management Inc

1. Certificate Payment Report

2. Collection Account Report

Servicer(s)

3. Credit Enhancement Report

Saxon Mortgage Services, Inc.

4. Collateral Report

5. Delinquency Report

Underwriter(s)

6. REO Report

CS First Boston

7. Foreclosure Report

8. Prepayment Report

PMI Insurer

9. Prepayment Detail Report

Mortgage Guaranty Insurance Corp

10. Realized Loss Report

11. Realized Loss Detail Report

Swap Counterparty

Royal Bank of Scotland plc

12. Triggers and Adj. Cert. Report

13. Additional Certificate Report

Total Number of Pages

Dates

Contacts

Cut-Off Date:

April 01, 2006

Alice Tatusian

Close Date:

May 02, 2006

Administrator

First Distribution Date:

May 25, 2006

(714) 247-6420

Alice.D.Tatusian@db.com

Address:

Distribution Date:

June 26, 2006

1761 East St. Andrew Place, Santa Ana, CA 92705

Record Date:

May 31, 2006

Factor Information:

(800) 735-7777

June 23, 2006

Main Phone Number:

(714) 247-6000

Determination Date:

June 16, 2006

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

Page 1 of 25

Saxon Asset Securities Trust 2006-1



Asset Backed Certificates
Asset Backed Certificates
June 26, 2006 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)
			(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)
A-1	INT	$	199,612,000.00	191,575,016.50	891,675.27	7,719,240.43	8,610,915.70	0.00	0.00	183,855,776.07
A-1	INT	$	199,612,000.00	191,575,016.50	891,675.27	7,719,240.43	8,610,915.70	0.00	0.00	183,855,776.07
A-2A	INT	$	125,644,000.00	118,589,208.75	541,952.68	6,134,712.63	6,676,665.31	0.00	0.00	112,454,496.12
A-2B	INT	$	20,671,000.00	20,671,000.00	95,385.18	0.00	95,385.18	0.00	0.00	20,671,000.00
A-2C	INT	$	44,178,000.00	44,178,000.00	205,820.39	0.00	205,820.39	0.00	0.00	44,178,000.00
A-2D	INT	$	9,124,000.00	9,124,000.00	43,399.83	0.00	43,399.83	0.00	0.00	9,124,000.00
M-1	INT	$	36,748,000.00	36,748,000.00	176,104.58	0.00	176,104.58	0.00	0.00	36,748,000.00
M-2	INT	$	10,499,000.00	10,499,000.00	50,500.19	0.00	50,500.19	0.00	0.00	10,499,000.00
M-3	INT	$	9,499,000.00	9,499,000.00	46,196.80	0.00	46,196.80	0.00	0.00	9,499,000.00
M-4	INT	$	9,250,000.00	9,250,000.00	45,314.72	0.00	45,314.72	0.00	0.00	9,250,000.00
M-5	INT	$	8,250,000.00	8,250,000.00	41,002.50	0.00	41,002.50	0.00	0.00	8,250,000.00
B-1	INT	$	8,250,000.00	8,250,000.00	44,595.83	0.00	44,595.83	0.00	0.00	8,250,000.00
B-2	INT	$	7,500,000.00	7,500,000.00	41,875.00	0.00	41,875.00	0.00	0.00	7,500,000.00
B-3	INT	$	5,500,000.00	5,500,000.00	35,108.33	0.00	35,108.33	0.00	0.00	5,500,000.00
X	INT_EXE	$	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TRUST	INT_EXE	$	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00


Total		494,725,000.00	479,633,225.25	2,258,931.30	13,853,953.06	16,112,884.36	0.00	0.00	465,779,272.19
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
Class	Starting	Ending	Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
			Method
					(1)	(1)	(2)	(3)	(4)=(2)+(3)	(5)

A-1	05/25/06	06/25/06	A-Act/360	80556UAA1	199,612,000.00	959.736972	4.467042	38.671224	43.138267	921.065748
A-1	05/25/06	06/25/06	A-Act/360	80556UAA1	199,612,000.00	959.736972	4.467042	38.671224	43.138267	921.065748
A-2A	05/25/06	06/25/06	A-Act/360	80556UAB9	125,644,000.00	943.850950	4.313399	48.826149	53.139548	895.024801
A-2B	05/25/06	06/25/06	A-Act/360	80556UAC7	20,671,000.00	1,000.000000	4.614444	0.000000	4.614444	1,000.000000
A-2C	05/25/06	06/25/06	A-Act/360	80556UAD5	44,178,000.00	1,000.000000	4.658889	0.000000	4.658889	1,000.000000
A-2D	05/25/06	06/25/06	A-Act/360	80556UAE3	9,124,000.00	1,000.000000	4.756667	0.000000	4.756667	1,000.000000
M-1	05/25/06	06/25/06	A-Act/360	80556UAF0	36,748,000.00	1,000.000000	4.792222	0.000000	4.792222	1,000.000000
M-2	05/25/06	06/25/06	A-Act/360	80556UAG8	10,499,000.00	1,000.000000	4.810000	0.000000	4.810000	1,000.000000
M-3	05/25/06	06/25/06	A-Act/360	80556UAH6	9,499,000.00	1,000.000000	4.863333	0.000000	4.863333	1,000.000000
M-4	05/25/06	06/25/06	A-Act/360	80556UAJ2	9,250,000.00	1,000.000000	4.898889	0.000000	4.898889	1,000.000000
M-5	05/25/06	06/25/06	A-Act/360	80556UAK9	8,250,000.00	1,000.000000	4.970000	0.000000	4.970000	1,000.000000
B-1	05/25/06	06/25/06	A-Act/360	80556UAL7	8,250,000.00	1,000.000000	5.405555	0.000000	5.405555	1,000.000000
B-2	05/25/06	06/25/06	A-Act/360	80556UAM5	7,500,000.00	1,000.000000	5.583333	0.000000	5.583333	1,000.000000
B-3	05/25/06	06/25/06	A-Act/360	80556UAN3	5,500,000.00	1,000.000000	6.383333	0.000000	6.383333	1,000.000000
X	05/25/06	06/24/06	A-30/360	SX060101X	0.00	0.000000	0.000000	0.000000	0.000000	0.000000
TRUST	05/25/06	06/24/06	A-30/360	SX060101T	0.00	0.000000	0.000000	0.000000	0.000000	0.000000




Page 2 of 25

Saxon Asset Securities Trust 2006-1



Asset Backed Certificates
Asset Backed Certificates
June 26, 2006 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-1	199,612,000.00	1,554,193.04	15,510,058.66	246,165.27	15,756,223.93	17,310,416.97	0.00	0.00	183,855,776.07
A-2A	125,644,000.00	951,342.71	12,983,782.15	205,721.73	13,189,503.88	14,140,846.59	0.00	0.00	112,454,496.12
A-2B	20,671,000.00	163,398.51	0.00	0.00	0.00	163,398.51	0.00	0.00	20,671,000.00
A-2C	44,178,000.00	352,589.52	0.00	0.00	0.00	352,589.52	0.00	0.00	44,178,000.00
A-2D	9,124,000.00	74,353.00	0.00	0.00	0.00	74,353.00	0.00	0.00	9,124,000.00
M-1	36,748,000.00	301,711.29	0.00	0.00	0.00	301,711.29	0.00	0.00	36,748,000.00
M-2	10,499,000.00	86,520.51	0.00	0.00	0.00	86,520.51	0.00	0.00	10,499,000.00
M-3	9,499,000.00	79,150.41	0.00	0.00	0.00	79,150.41	0.00	0.00	9,499,000.00
M-4	9,250,000.00	77,640.90	0.00	0.00	0.00	77,640.90	0.00	0.00	9,250,000.00
M-5	8,250,000.00	70,255.63	0.00	0.00	0.00	70,255.63	0.00	0.00	8,250,000.00
B-1	8,250,000.00	76,431.66	0.00	0.00	0.00	76,431.66	0.00	0.00	8,250,000.00
B-2	7,500,000.00	71,775.00	0.00	0.00	0.00	71,775.00	0.00	0.00	7,500,000.00
B-3	5,500,000.00	60,197.50	0.00	0.00	0.00	60,197.50	0.00	0.00	5,500,000.00
X	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TRUST	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00


Total	494,725,000.00	3,919,559.68	28,493,840.81	451,887.00	28,945,727.81	32,865,287.49	0.00	0.00	465,779,272.19


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-1	5.23625%	191,575,016.50	891,675.27	0.00	0.00	0.00	891,675.27	891,675.27	0.00
A-2A	5.14125%	118,589,208.75	541,952.68	0.00	0.00	0.00	541,952.68	541,952.68	0.00
A-2B	5.19125%	20,671,000.00	95,385.18	0.00	0.00	0.00	95,385.18	95,385.18	0.00
A-2C	5.24125%	44,178,000.00	205,820.39	0.00	0.00	0.00	205,820.39	205,820.39	0.00
A-2D	5.35125%	9,124,000.00	43,399.83	0.00	0.00	0.00	43,399.83	43,399.83	0.00
M-1	5.39125%	36,748,000.00	176,104.58	0.00	0.00	0.00	176,104.58	176,104.58	0.00
M-2	5.41125%	10,499,000.00	50,500.19	0.00	0.00	0.00	50,500.19	50,500.19	0.00
M-3	5.47125%	9,499,000.00	46,196.80	0.00	0.00	0.00	46,196.80	46,196.80	0.00
M-4	5.51125%	9,250,000.00	45,314.72	0.00	0.00	0.00	45,314.72	45,314.72	0.00
M-5	5.59125%	8,250,000.00	41,002.50	0.00	0.00	0.00	41,002.50	41,002.50	0.00
B-1	6.08125%	8,250,000.00	44,595.83	0.00	0.00	0.00	44,595.83	44,595.83	0.00
B-2	6.28125%	7,500,000.00	41,875.00	0.00	0.00	0.00	41,875.00	41,875.00	0.00
B-3	7.18125%	5,500,000.00	35,108.33	0.00	0.00	0.00	35,108.33	35,108.33	0.00
X	0.00000%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TRUST	0.00000%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00


Total		479,633,225.25	2,258,931.30	0.00	0.00	0.00	2,258,931.30	2,258,931.30	0.00



Page 3 of 25

Saxon Asset Securities Trust 2006-1



Asset Backed Certificates
Asset Backed Certificates
June 26, 2006 Distribution

Collection Account Report
SUMMARY

	Group 2	Group 1	Total
Principal Collections	5,685,304.87	7,153,755.66	12,839,060.53
Principal Withrawals	0.00	0.00	0.00
Principal Other Accounts	0.00	0.00	0.00
TOTAL NET PRINCIPAL	5,685,304.87	7,153,755.66	12,839,060.53
Interest Collections	1,669,610.34	1,647,541.82	3,317,152.16
Interest Withdrawals	-0.00	-0.00	-0.00
Interest Other Accounts	0.00	0.00	134,110.14
Interest Fees	-78,984.67	-79,678.12	-157,162.36
TOTAL NET INTEREST	1,590,625.67	1,567,863.70	3,294,099.94
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION	7,275,930.54	8,721,619.36	16,133,160.47
Retained Interest paid to SAXON Funding Management			20,276.11




PRINCIPAL - COLLECTIONS

	Group 2	Group 1	Total
Scheduled Principal Received	110,608.41	113,242.51	223,850.92
Curtailments	13,953.58	7,875.66	21,829.24
Prepayments In Full	5,560,742.88	7,032,637.49	12,593,380.37
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	-25,457.32	-24,496.76	-49,954.08
Realized Losses	-0.00	-0.00	-0.00
Advanced Principal	25,457.32	24,496.76	49,954.08
TOTAL PRINCIPAL COLLECTED	5,685,304.87	7,153,755.66	12,839,060.53




PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK




PRINCIPAL - OTHER ACCOUNTS

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






Page 4 of 25

Saxon Asset Securities Trust 2006-1



Asset Backed Certificates
Asset Backed Certificates
June 26, 2006 Distribution


INTEREST - COLLECTIONS

			Group 2	Group 1	Total
Scheduled Interest			1,681,624.85	1,658,721.62	3,340,346.47
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			-5,158.01	-4,675.81	-9,833.82
Delinquent Interest			-407,906.07	-377,825.14	-785,731.21
Compensating Interest			5,158.01	4,675.82	9,833.83
Civil Relief Act Shortfalls			-0.00	-0.00	-0.00
Interest Advanced			395,891.55	366,645.33	762,536.88
TOTAL INTEREST COLLECTED			1,669,610.34	1,647,541.82	3,317,152.16




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			134,110.14
	TOTAL INTEREST OTHER ACCOUNTS	0.00	0.00	134,110.14




INTEREST FEES
INTEREST FEES
		Group 2	Group 1	Total
	Current Servicing Fees	38,767.00	39,419.25	78,186.25
	Master Servicing Fees	10,156.30	10,119.81	20,276.11
	PMI Insurance Fees	29,309.80	29,390.20	58,700.00
	Net Swap Payment			0.00
	TOTAL INTEREST FEES	78,984.67	79,678.12	157,162.36



Page 5 of 25

Saxon Asset Securities Trust 2006-1

Asset Backed Certificates

June 26, 2006 Distribution

Credit Enhancement Report

ACCOUNTS

SPACE INTENTIONALLY LEFT BLANK

INSURANCE

SPACE INTENTIONALLY LEFT BLANK

STRUCTURAL FEATURES

Group 2

Group 1

Total

Overcollateralization Amount

8,008,414.32

Overcollateralization Target Amount

16,999,084.71

Overcollateralization Deficiency Amount

8,990,670.39

Overcollateralization Release Amount

0.00

Page 6 of 25

Saxon Asset Securities Trust 2006-1



Asset Backed Certificates
Asset Backed Certificates
June 26, 2006 Distribution

Collateral Report


COLLATERAL




		Group 2	Group 1	Total



Loan Count:


Original	1,315	1,443	2,758
Prior	1,293	1,408	2,701
Prefunding	0	0	0
Scheduled Paid Offs	-0	-0	-0
Full Voluntary Prepayments	-28	-37	-65
Repurchases	-0	-0	-0
Liquidations	-0	-0	-0
Current	1,265	1,371	2,636
Principal Balance:


Original	249,990,170.64	249,982,909.15	499,973,079.79
Prior	243,751,302.58	242,875,444.46	486,626,747.04
Prefunding	0.00	0.00	0.00
Scheduled Principal	-110,608.41	-113,242.51	-223,850.92
Partial Prepayments	-13,953.58	-7,875.66	-21,829.24
Full Voluntary Prepayments	-5,560,742.88	-7,032,637.49	-12,593,380.37
Repurchases	-0.00	-0.00	-0.00
Liquidations	-0.00	-0.00	-0.00
Current	238,065,997.71	235,721,688.80	473,787,686.51





PREFUNDING

	Group 2	Group 1	Total
Prefunding Account Original Balance
Prefunding Account Month Begining Balance
Subsequent Loans Added to the Pool for the month	0.00	0.00	0.00
Prefunding Release to Certificate Holders
Prefunding Account Month Ending Balance

Page 7 of 25

Saxon Asset Securities Trust 2006-1



Asset Backed Certificates
Asset Backed Certificates
June 26, 2006 Distribution


CHARACTERISTICS
CHARACTERISTICS

	Group 2	Group 1	Total
Weighted Average Coupon Original	8.28472%	8.20304%	8.24388%
Weighted Average Coupon Prior	8.28472%	8.20304%	8.24388%
Weighted Average Coupon Current	8.27872%	8.19542%	8.23715%
Weighted Average Months to Maturity Original	352	352	352
Weighted Average Months to Maturity Prior	352	352	352
Weighted Average Months to Maturity Current	351	351	351
Weighted Avg Remaining Amortization Term Original	378	374	376
Weighted Avg Remaining Amortization Term Prior	378	374	376
Weighted Avg Remaining Amortization Term Current	377	374	375
Weighted Average Seasoning Original	4.28	4.21	4.25
Weighted Average Seasoning Prior	4.28	4.21	4.25
Weighted Average Seasoning Current	5.29	5.20	5.25

Page 8 of 25

Saxon Asset Securities Trust 2006-1



Asset Backed Certificates
Asset Backed Certificates
June 26, 2006 Distribution


ARM CHARACTERISTICS
ARM CHARACTERISTICS

		Group 2	Group 1	Total
Weighted Average Margin Original		6.19213%	6.25322%	6.22160%
Weighted Average Margin Prior		6.19213%	6.25322%	6.22160%
Weighted Average Margin Current		6.19027%	6.24558%	6.21695%
Weighted Average Max Rate Original		14.40760%	14.29808%	14.35477%
Weighted Average Max Rate Prior		14.40760%	14.29808%	14.35477%
Weighted Average Max Rate Current		14.40450%	14.28889%	14.34872%
Weighted Average Min Rate Original		6.67689%	6.72002%	6.69769%
Weighted Average Min Rate Prior		6.67689%	6.72002%	6.69769%
Weighted Average Min Rate Current		6.68364%	6.71240%	6.69751%
Weighted Average Cap Up Original		1.06332%	1.04248%	1.05327%
Weighted Average Cap Up Prior		1.06332%	1.04248%	1.05327%
Weighted Average Cap Up Current		1.06457%	1.04222%	1.05378%
Weighted Average Cap Down Original		1.06332%	1.04248%	1.05327%
Weighted Average Cap Down Prior		1.06332%	1.04248%	1.05327%
Weighted Average Cap Down Current		1.06457%	1.04222%	1.05378%




SERVICING FEES & ADVANCES
SERVICING FEES & ADVANCES

		Group 2	Group 1	Total




Current Servicing Fees		38,767.00	39,419.25	78,186.25
Delinquent Servicing Fees		12,014.52	11,179.80	23,194.32
TOTAL SERVICING FEES		50,781.52	50,599.05	101,380.57


Servicing Fees		50,781.52	50,599.05	101,380.57
Master Servicing Fees		10,156.30	10,119.81	20,276.11
Total Servicing Fees (incl. Master Servicing Fees)		52,599.16	52,946.54	105,545.69
Compensating Interest		-5,158.01	-4,675.82	-9,833.83
Delinquent Servicing Fees		-12,014.52	-11,179.80	-23,194.32
COLLECTED SERVICING FEES		43,765.30	44,863.24	88,628.54

Total Advanced Interest		395,891.55	366,645.33	762,536.88
Total Advanced Principal		25,457.32	24,496.76	49,954.08
Aggregate Advances with respect to this Distribution		73,829.59	79,832.60	153,662.19






ADDITIONAL COLLATERAL INFORMATION
ADDITIONAL COLLATERAL INFORMATION
		Group 2	Group 1	Total
	Prepayment Interest Shortfall (PPIS)	5,158.01	4,675.81	9,833.82
	Compensating Interest	(5,158.01)	(4,675.82)	(9,833.83)
	Net Prepayment Interest Shortfall (PPIS)	0.00	0.00	0.00

	Libor For Current Period			5.081250%
	Libor For Next Period			5.322500%
	Retained Interest paid to SAXON Funding Management			20,276.11





Page 9 of 25

Saxon Asset Securities Trust 2006-1



Asset Backed Certificates
Asset Backed Certificates
June 26, 2006 Distribution

Delinquency Report

TOTAL
		< 1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT	Balance		3,947,061.13	1,645,296.32	246,656.67	5,839,014.12
	% Balance		0.83%	0.35%	0.05%	1.23%
	# Loans		27	11	1	39
	% # Loans		1.02%	0.42%	0.04%	1.48%
FORECLOSURE	Balance	240,612.31	0.00	769,004.61	0.00	1,009,616.92
	% Balance	0.05%	0.00%	0.16%	0.00%	0.21%
	# Loans	1	0	4	0	5
	% # Loans	0.04%	0.00%	0.15%	0.00%	0.19%
BANKRUPTCY	Balance	75,948.86	0.00	89,704.74	0.00	165,653.60
	% Balance	0.02%	0.00%	0.02%	0.00%	0.03%
	# Loans	1	0	1	0	2
	% # Loans	0.04%	0.00%	0.04%	0.00%	0.08%
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	316,561.17	3,947,061.13	2,504,005.67	246,656.67	7,014,284.64
	% Balance	0.07%	0.83%	0.53%	0.05%	1.48%
	# Loans	2	27	16	1	46
	% # Loans	0.08%	1.02%	0.61%	0.04%	1.75%

Page 10 of 25

Saxon Asset Securities Trust 2006-1



Asset Backed Certificates
Asset Backed Certificates
June 26, 2006 Distribution


GROUP 1
		< 1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT	Balance		1,277,868.74	886,510.42	246,656.67	2,411,035.83
	% Balance		0.54%	0.38%	0.10%	1.02%
	# Loans		9	4	1	14
	% # Loans		0.66%	0.29%	0.07%	1.02%
FORECLOSURE	Balance	240,612.31	0.00	686,204.61	0.00	926,816.92
	% Balance	0.10%	0.00%	0.29%	0.00%	0.39%
	# Loans	1	0	3	0	4
	% # Loans	0.07%	0.00%	0.22%	0.00%	0.29%
BANKRUPTCY	Balance	75,948.86	0.00	89,704.74	0.00	165,653.60
	% Balance	0.03%	0.00%	0.04%	0.00%	0.07%
	# Loans	1	0	1	0	2
	% # Loans	0.07%	0.00%	0.07%	0.00%	0.15%
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	316,561.17	1,277,868.74	1,662,419.77	246,656.67	3,503,506.35
	% Balance	0.13%	0.54%	0.71%	0.10%	1.49%
	# Loans	2	9	8	1	20
	% # Loans	0.15%	0.66%	0.58%	0.07%	1.46%

Page 11 of 25

Saxon Asset Securities Trust 2006-1



Asset Backed Certificates
Asset Backed Certificates
June 26, 2006 Distribution


GROUP 2
		< 1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT	Balance		2,669,192.39	758,785.90	0.00	3,427,978.29
	% Balance		1.12%	0.32%	0.00%	1.44%
	# Loans		18	7	0	25
	% # Loans		1.42%	0.55%	0.00%	1.98%
FORECLOSURE	Balance	0.00	0.00	82,800.00	0.00	82,800.00
	% Balance	0.00%	0.00%	0.03%	0.00%	0.03%
	# Loans	0	0	1	0	1
	% # Loans	0.00%	0.00%	0.08%	0.00%	0.08%
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	2,669,192.39	841,585.90	0.00	3,510,778.29
	% Balance	0.00%	1.12%	0.35%	0.00%	1.47%
	# Loans	0	18	8	0	26
	% # Loans	0.00%	1.42%	0.63%	0.00%	2.06%

Page 12 of 25

Saxon Asset Securities Trust 2006-1

Asset Backed Certificates

June 26, 2006 Distribution

REO Report

Loan Number

Original

Stated

Current

State &

First

Principal

Paid to

Note

LTV at

Original

Payment

Loan Group

Balance

Date

Rate

Origination

Term

Date

Page 13 of 25

Saxon Asset Securities Trust 2006-1

Asset Backed Certificates

June 26, 2006 Distribution

Foreclosure Report

Loan Number

Original

Stated

Current

State &

First

Principal

Paid to

Note

LTV at

Original

Payment

Loan Group

Balance

Date

Rate

Origination

Term

Date

Became Foreclosure Property this Period:

11931789 2

82,800.00

01-Feb-2006

10.000%

MN - 80.00%

360

01-Jan-2006

11940801 1

142,000.00

141,606.29

01-Feb-2006

9.000%

WI - 83.53%

360

01-Feb-2006

11944170 1

306,500.00

305,298.86

01-Feb-2006

8.990%

MA - 84.90%

360

01-Dec-2005

11945795 1

241,500.00

240,612.31

01-Apr-2006

9.300%

FL - 75.00%

360

01-Dec-2005

11948891 1

240,000.00

239,299.46

01-Feb-2006

8.750%

FL - 82.76%

360

01-Feb-2006

TOTAL

1,012,800.00

1,009,616.92

Page 14 of 25

Saxon Asset Securities Trust 2006-1



Asset Backed Certificates
Asset Backed Certificates
June 26, 2006 Distribution

Prepayment Report

VOLUNTARY PREPAYMENTS



		Group 2	Group 1	Total


Current


Number of Paid in Full Loans	28	37	65
Number of Repurchased Loans	0	0	0
Total Number of Loans Prepaid in Full	28	37	65
Curtailments Amount	13,953.58	7,875.66	21,829.24
Paid in Full Balance	5,560,742.88	7,032,637.49	12,593,380.37
Repurchased Loans Balance	0.00	0.00	0.00
Total Prepayment Amount	5,574,696.46	7,040,513.15	12,615,209.61
Cumulative


Number of Paid in Full Loans	50	72	122
Number of Repurchased Loans	0	0	0
Total Number of Loans Prepaid in Full	50	72	122
Paid in Full Balance	11,677,375.83	14,009,776.56	25,687,152.39
Repurchased Loans Balance	0.00	0.00	0.00
Curtailments Amount	24,953.99	21,399.90	46,353.89
Total Prepayment Amount	11,702,329.82	14,031,176.46	25,733,506.28

Page 15 of 25

Saxon Asset Securities Trust 2006-1



Asset Backed Certificates
Asset Backed Certificates
June 26, 2006 Distribution


VOLUNTARY PREPAYMENTS RATES



		Group 2	Group 1	Total





SMM	2.29%	2.90%	2.59%
3 Months Avg SMM	2.37%	2.85%	2.61%
12 Months Avg SMM	2.37%	2.85%	2.61%
Avg SMM Since Cut-off	2.37%	2.85%	2.61%



CPR	24.25%	29.75%	27.05%
3 Months Avg CPR	25.01%	29.31%	27.19%
12 Months Avg CPR	25.01%	29.31%	27.19%
Avg CPR Since Cut-off	25.01%	29.31%	27.19%



PSA	2,293.29%	2,858.41%	2,577.57%
3 Months Avg PSA Approximation	2,613.29%	3,114.27%	2,864.36%
12 Months Avg PSA Approximation	2,613.29%	3,114.27%	2,864.36%
Avg PSA Since Cut-off Approximation	2,613.29%	3,114.27%	2,864.36%

Page 16 of 25

Saxon Asset Securities Trust 2006-1

Asset Backed Certificates

June 26, 2006 Distribution

PREPAYMENT CALCULATION METHODOLOGY

Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases + Liquidation Balance)/(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 17 of 25

Saxon Asset Securities Trust 2006-1



Asset Backed Certificates
Asset Backed Certificates
June 26, 2006 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	First
&	Loan	Principal	Prepayment		Prepayment	Note	LTV at	&	Payment
Loan Group	Status	Balance	Amount		Date	Rate	Origination	Original Term	Date

11906558 2		111,800.00	111,339.78	02-Jun-2006	8.750%	MD - 62.11%	Paid Off - 360	01-Nov-2005
11906558 2		111,800.00	111,339.78	02-Jun-2006	8.750%	MD - 62.11%	Paid Off - 360	01-Nov-2005
11911422 2		397,000.00	397,000.00	09-Jun-2006	7.350%	MA - 72.71%	Paid Off - 360	01-Dec-2005
11911991 1		125,000.00	123,233.76	02-Jun-2006	10.500%	MN - 50.00%	Paid Off - 180	01-Dec-2005
11916909 1		182,000.00	181,997.29	01-Jun-2006	6.400%	MD - 70.00%	Paid Off - 360	01-Dec-2005
11918129 2		145,000.00	145,000.00	14-Jun-2006	8.200%	NV - 55.77%	Paid Off - 360	01-Jan-2006
11920153 1		200,000.00	199,068.19	02-Jun-2006	7.350%	FL - 86.59%	Paid Off - 360	01-Dec-2005
11921310 1		109,600.00	109,169.06	26-May-2006	8.200%	UT - 80.00%	Paid Off - 360	01-Dec-2005
11921433 1		100,000.00	99,632.27	01-Jun-2006	8.530%	SC - 80.00%	Paid Off - 360	01-Dec-2005
11922117 2		249,750.00	249,750.00	05-Jun-2006	6.750%	MD - 87.94%	Paid Off - 360	01-Dec-2005
11922486 2		136,500.00	135,932.76	16-Jun-2006	7.925%	WA - 75.00%	Paid Off - 360	01-Dec-2005
11924465 1		145,000.00	144,460.57	13-Jun-2006	7.550%	MD - 76.32%	Paid Off - 360	01-Jan-2006
11925848 1		78,400.00	78,133.46	23-May-2006	8.000%	WI - 80.00%	Paid Off - 360	01-Jan-2006
11926767 1		138,000.00	137,435.06	23-May-2006	8.000%	MD - 57.50%	Paid Off - 360	01-Dec-2005
11928724 1		235,000.00	234,990.98	12-Jun-2006	7.250%	MD - 83.93%	Paid Off - 360	01-Jan-2006
11930986 2		257,600.00	257,600.00	18-May-2006	7.300%	MD - 80.00%	Paid Off - 360	01-Jan-2006
11931926 1		283,000.00	283,000.00	13-Jun-2006	7.000%	MD - 84.48%	Paid Off - 360	01-Jan-2006
11933007 2		172,000.00	172,000.00	31-May-2006	6.450%	MD - 78.18%	Paid Off - 360	01-Jan-2006
11934245 2		185,000.00	185,000.00	26-May-2006	7.400%	MD - 78.72%	Paid Off - 360	01-Jan-2006
11934950 1		161,100.00	160,541.17	24-May-2006	7.900%	AZ - 90.00%	Paid Off - 360	01-Jan-2006
11936730 1		150,001.00	147,785.36	24-May-2006	7.900%	AR - 60.00%	Paid Off - 180	01-Jan-2006
11938132 1		175,000.00	173,836.13	18-May-2006	8.250%	CT - 77.78%	Paid Off - 240	01-Feb-2006
11938737 2		256,000.00	255,751.13	16-Jun-2006	8.600%	VA - 80.00%	Paid Off - 360	01-Feb-2006
11938853 1		199,500.00	199,500.00	02-Jun-2006	7.350%	CA - 70.00%	Paid Off - 360	01-Mar-2006
11939269 2		162,350.00	162,033.46	13-Jun-2006	9.600%	CT - 85.45%	Paid Off - 360	01-Feb-2006
11940179 1		164,637.00	164,637.00	15-Jun-2006	7.850%	MD - 82.32%	Paid Off - 360	01-Feb-2006
11940488 1		160,500.00	160,139.21	01-Jun-2006	8.917%	DE - 64.20%	Paid Off - 360	01-Feb-2006
11940855 2		195,000.00	195,000.00	23-May-2006	6.985%	MD - 61.90%	Paid Off - 360	01-Feb-2006
11941541 1		279,500.00	278,589.05	23-May-2006	7.075%	MD - 65.00%	Paid Off - 360	01-Feb-2006
11942812 2		122,400.00	122,400.00	25-May-2006	8.550%	OH - 90.00%	Paid Off - 360	01-Mar-2006
11943659 2		65,000.00	64,847.75	18-May-2006	8.717%	OK - 72.22%	Paid Off - 360	01-Feb-2006
11945172 1		248,200.00	247,579.60	12-Jun-2006	8.400%	CA - 85.00%	Paid Off - 360	01-Feb-2006
11946531 1		224,000.00	223,696.46	02-Jun-2006	8.875%	NY - 80.00%	Paid Off - 360	01-Dec-2005
11946662 1		380,000.00	378,377.60	24-May-2006	7.790%	CA - 78.84%	Paid Off - 360	01-Dec-2005
11947019 2		70,000.00	69,856.71	22-May-2006	7.950%	FL - 51.09%	Paid Off - 360	01-Mar-2006
11947169 1		75,050.00	74,923.49	24-May-2006	8.900%	GA - 38.93%	Paid Off - 360	01-Mar-2006
11947291 1		379,512.00	379,212.00	02-Jun-2006	9.300%	FL - 70.54%	Paid Off - 360	01-Feb-2006
11947506 1		223,000.00	223,000.00	25-May-2006	7.375%	VA - 82.59%	Paid Off - 360	01-Mar-2006
11948429 2		240,000.00	239,551.38	24-May-2006	9.800%	MD - 60.00%	Paid Off - 360	01-Feb-2006
11948526 2		430,000.00	429,036.65	18-May-2006	7.500%	MD - 88.11%	Paid Off - 360	01-Mar-2006
11948842 1		192,000.00	191,524.17	18-May-2006	6.990%	MD - 76.80%	Paid Off - 360	01-Mar-2006


Page 18 of 25

Saxon Asset Securities Trust 2006-1



Asset Backed Certificates
Asset Backed Certificates
June 26, 2006 Distribution


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	First
&	Loan	Principal	Prepayment		Prepayment	Note	LTV at	&	Payment
Loan Group	Status	Balance	Amount		Date	Rate	Origination	Original Term	Date

11949034 2		100,000.00	99,957.97	18-May-2006	10.425%	MD - 80.00%	Paid Off - 360	01-Mar-2006
11949034 2		100,000.00	99,957.97	18-May-2006	10.425%	MD - 80.00%	Paid Off - 360	01-Mar-2006
11949378 2		264,100.00	263,935.91	31-May-2006	10.100%	WA - 95.00%	Paid Off - 360	01-Feb-2006
11949419 2		92,000.00	91,813.58	24-May-2006	10.490%	MI - 80.00%	Paid Off - 360	01-Jan-2006
11949477 1		80,800.00	80,612.03	13-Jun-2006	8.750%	WI - 80.00%	Paid Off - 360	01-Feb-2006
11950156 1		189,000.00	188,404.90	16-Jun-2006	7.250%	AZ - 75.00%	Paid Off - 360	01-Feb-2006
11950470 1		102,600.00	102,372.84	31-May-2006	8.990%	MO - 90.00%	Paid Off - 360	01-Feb-2006
11950898 1		304,000.00	303,134.19	25-May-2006	7.933%	WI - 80.00%	Paid Off - 360	01-Feb-2006
11951564 2		375,000.00	374,757.16	14-Jun-2006	8.990%	CA - 75.00%	Paid Off - 360	01-Mar-2006
11952229 1		149,250.00	148,973.79	13-Jun-2006	9.850%	MA - 76.54%	Paid Off - 360	01-Feb-2006
11952384 2		185,000.00	184,800.28	23-May-2006	11.000%	MD - 43.53%	Paid Off - 360	01-Mar-2006
11953725 1		216,000.00	215,458.07	25-May-2006	6.950%	MD - 68.57%	Paid Off - 360	01-Mar-2006
11953736 1		360,000.00	359,374.10	06-Jun-2006	8.750%	NJ - 61.54%	Paid Off - 360	01-Mar-2006
11954069 2		256,700.00	256,699.52	14-Jun-2006	7.150%	MD - 85.00%	Paid Off - 360	01-Mar-2006
11954292 1		96,000.00	95,874.69	09-Jun-2006	10.117%	MO - 80.00%	Paid Off - 360	01-Mar-2006
11954575 1		267,000.00	266,471.66	18-May-2006	8.150%	MD - 73.15%	Paid Off - 360	01-Mar-2006
11955260 1		152,000.00	151,894.33	15-Jun-2006	8.750%	MD - 77.95%	Paid Off - 360	01-Mar-2006
11955528 1		56,000.00	55,936.19	08-Jun-2006	10.750%	MO - 80.00%	Paid Off - 360	01-Mar-2006
11956211 2		50,000.00	49,945.89	16-Jun-2006	10.990%	OH - 36.50%	Paid Off - 360	19-Feb-2006
11956516 2		110,500.00	109,996.47	13-Jun-2006	8.250%	OH - 85.00%	Paid Off - 360	01-Nov-2005
11956569 2		129,600.00	129,504.46	22-May-2006	8.550%	GA - 80.00%	Paid Off - 360	01-Mar-2006
11957277 2		439,850.00	439,485.63	07-Jun-2006	8.150%	GA - 83.30%	Paid Off - 360	01-Mar-2006
11957446 2		173,000.00	172,999.14	01-Jun-2006	7.350%	MD - 66.54%	Paid Off - 360	01-Mar-2006
11958408 1		196,000.00	195,463.29	09-Jun-2006	7.950%	CA - 80.00%	Paid Off - 360	01-Feb-2006
11958418 2		195,000.00	194,747.25	18-May-2006	10.150%	MD - 60.00%	Paid Off - 360	01-Mar-2006
11960158 1		275,000.00	274,205.53	08-Jun-2006	6.200%	MD - 69.10%	Paid Off - 360	01-Mar-2006


TOTAL	12,617,800.00	12,593,380.37

Page 19 of 25

Saxon Asset Securities Trust 2006-1



Asset Backed Certificates
Asset Backed Certificates
June 26, 2006 Distribution

Realized Loss Report

COLLATERAL REALIZED LOSSES



		Group 2	Group 1	Total


Current





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

Cumulative
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 20 of 25

Saxon Asset Securities Trust 2006-1



Asset Backed Certificates
Asset Backed Certificates
June 26, 2006 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 21 of 25

Saxon Asset Securities Trust 2006-1

Asset Backed Certificates

June 26, 2006 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 22 of 25

Saxon Asset Securities Trust 2006-1

Asset Backed Certificates

June 26, 2006 Distribution

Realized Loss Detail Report

Loan Number

Current

State &

Prior

Realized

Cumulative

Loan

Note

LTV at

Original

Principal

Loss/(Gain)

Realized

Loan Group

Status

Rate

Origination

Term

Balance

Revision

Loss/(Gain)

TOTAL

Page 23 of 25

Saxon Asset Securities Trust 2006-1

Asset Backed Certificates

June 26, 2006 Distribution

Triggers and Adj. Cert. Report

TRIGGER EVENTS

Group 2

Group 1

Total

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

Does a Trigger Event Exist-Either a) or b) Yes?

a) Does a Delinquency Trigger Event Exists

b) Does a Loss Trigger Event Exists (0=No,1=Yes)

60+ days Delinqueny Balance

2,750,662.34

Ending Collateral Balance

473,787,686.51

Delinquency Percentage

0.5800%

Senior Enhancement Percentage

21.631951%

Cumulative Loss Percentage

0.00000000%

ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK

ADDITIONAL INFORMATION

SPACE INTENTIONALLY LEFT BLANK

Page 24 of 25

Saxon Asset Securities Trust 2006-1



Asset Backed Certificates
Asset Backed Certificates
June 26, 2006 Distribution

Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

		NET WAC Shortfall CarryOver	NET WAC Shortfall Paid
CLASS

	A-1	$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
	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 25 of 25

Saxon Asset Securities Trust 2006-1 10-D