Saxon Asset Securities Trust 2007-1

Asset Backed Certificates

June 25, 2007 Distribution

External Parties

Table of Contents

Page

Seller

1. Certificate Payment Report

Saxon Funding Management Inc

2. Collection Account Report

3. Credit Enhancement Report

Servicer(s)

4. Collateral Report

Saxon Mortgage Services, Inc.

5. Delinquency Report

6. REO Report

Underwriter(s)

7. Foreclosure Report

Morgan Stanley

8. Prepayment Report

9. Prepayment Detail Report

Swap Counterparty

10. Realized Loss Report

Morgan Stanley

11. Realized Loss Detail Report

12. Triggers and Adj. Cert. Report

Cap Counterparty

13. Additional Certificate Report

Morgan Stanley

Total Number of Pages

Dates

Contacts

Cut-Off Date:

February 01, 2007

Alice Tatusian

Close Date:

March 07, 2007

Administrator

First Distribution Date:

March 26, 2007

(714) 247-6420

Alice.D.Tatusian@db.com

Address:

Distribution Date:

June 25, 2007

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

Record Date:

June 22, 2007

Factor Information:

(800) 735-7777

Main Phone Number:

(714) 247-6000

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

Page 1 of 24

Saxon Asset Securities Trust 2007-1



Asset Backed Certificates
Asset Backed Certificates
June 25, 2007 Distribution

Certificate Payment Report
Current Period Distribution - REMIC 4
			Prior						Current
			Prior

	Class	Original	Principal			Total	Realized	Deferred	Principal

Class	Type	Face Value	Balance	Interest	Principal	Distribution	Loss	Interest	Balance
			(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)
A-1	SR	209,071,000.00	197,989,611.49	929,176.25	3,314,125.54	4,243,301.79	0.00	0.00	194,675,485.95
A-1	SR	209,071,000.00	197,989,611.49	929,176.25	3,314,125.54	4,243,301.79	0.00	0.00	194,675,485.95
A-2A	SR	139,970,000.00	128,471,617.07	597,393.02	3,752,850.08	4,350,243.10	0.00	0.00	124,718,766.99
A-2B	SR	35,830,000.00	35,830,000.00	167,535.11	0.00	167,535.11	0.00	0.00	35,830,000.00
A-2C	SR	54,750,000.00	54,750,000.00	257,887.71	0.00	257,887.71	0.00	0.00	54,750,000.00
A-2D	SR	27,629,000.00	27,629,000.00	132,281.51	0.00	132,281.51	0.00	0.00	27,629,000.00
M-1	MEZ	25,820,000.00	25,820,000.00	124,732.12	0.00	124,732.12	0.00	0.00	25,820,000.00
M-2	MEZ	26,442,000.00	26,442,000.00	128,419.98	0.00	128,419.98	0.00	0.00	26,442,000.00
M-3	MEZ	13,688,000.00	13,688,000.00	67,303.14	0.00	67,303.14	0.00	0.00	13,688,000.00
M-4	MEZ	12,132,000.00	12,132,000.00	60,383.66	0.00	60,383.66	0.00	0.00	12,132,000.00
M-5	MEZ	11,510,000.00	11,510,000.00	58,675.42	0.00	58,675.42	0.00	0.00	11,510,000.00
M-6	MEZ	10,266,000.00	10,266,000.00	54,101.82	0.00	54,101.82	0.00	0.00	10,266,000.00
B-1	SUB	9,644,000.00	9,644,000.00	62,035.03	0.00	62,035.03	0.00	0.00	9,644,000.00
B-2	SUB	8,399,000.00	8,399,000.00	54,749.81	0.00	54,749.81	0.00	0.00	8,399,000.00
B-3	SUB	7,777,000.00	7,777,000.00	55,717.88	0.00	55,717.88	0.00	0.00	7,777,000.00
P	NOF	1,000.00	1,000.00	94,441.73	0.00	94,441.73	0.00	0.00	1,000.00
OC	NOF	29,243,726.00	29,242,071.12	1,169,674.47	0.00	1,169,674.47	0.00	0.00	29,242,071.12
R	NOF/RES	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Total		622,172,726.00	599,591,299.68	4,014,508.66	7,066,975.62	11,081,484.28	0.00	0.00	592,524,324.06
Total




Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face Value
					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	05/25/07	06/24/07	A-Act/360	80556BAA3	209,071,000.00	946.997008	4.444310	15.851675	20.295985	931.145333
A-1	05/25/07	06/24/07	A-Act/360	80556BAA3	209,071,000.00	946.997008	4.444310	15.851675	20.295985	931.145333
A-2A	05/25/07	06/24/07	A-Act/360	80556BAB1	139,970,000.00	917.851090	4.268008	26.811817	31.079825	891.039273
A-2B	05/25/07	06/24/07	A-Act/360	80556BAC9	35,830,000.00	1,000.000000	4.675833	0.000000	4.675833	1,000.000000
A-2C	05/25/07	06/24/07	A-Act/360	80556BAD7	54,750,000.00	1,000.000000	4.710278	0.000000	4.710278	1,000.000000
A-2D	05/25/07	06/24/07	A-Act/360	80556BAE5	27,629,000.00	1,000.000000	4.787778	0.000000	4.787778	1,000.000000
M-1	05/25/07	06/24/07	A-Act/360	80556BAF2	25,820,000.00	1,000.000000	4.830833	0.000000	4.830833	1,000.000000
M-2	05/25/07	06/24/07	A-Act/360	80556BAG0	26,442,000.00	1,000.000000	4.856667	0.000000	4.856667	1,000.000000
M-3	05/25/07	06/24/07	A-Act/360	80556BAH8	13,688,000.00	1,000.000000	4.916945	0.000000	4.916945	1,000.000000
M-4	05/25/07	06/24/07	A-Act/360	80556BAJ4	12,132,000.00	1,000.000000	4.977222	0.000000	4.977222	1,000.000000
M-5	05/25/07	06/24/07	A-Act/360	80556BAK1	11,510,000.00	1,000.000000	5.097778	0.000000	5.097778	1,000.000000
M-6	05/25/07	06/24/07	A-Act/360	80556BAL9	10,266,000.00	1,000.000000	5.270000	0.000000	5.270000	1,000.000000
B-1	05/25/07	06/24/07	A-Act/360	80556BAM7	9,644,000.00	1,000.000000	6.432500	0.000000	6.432500	1,000.000000
B-2	05/25/07	06/24/07	A-Act/360	80556BAN5	8,399,000.00	1,000.000000	6.518611	0.000000	6.518611	1,000.000000
B-3	05/25/07	06/24/07	A-Act/360	80556BAP0	7,777,000.00	1,000.000000	7.164444	0.000000	7.164444	1,000.000000
P	05/25/07	06/24/07	A-Act/360	SX0701101	1,000.00	1,000.000000	94,441.730000	0.000000	94,441.730000	1,000.000000
OC	05/25/07	06/24/07	A-Act/360	SX0701102	29,243,726.00	999.943411	39.997450	0.000000	39.997450	999.943411
R	05/25/07	06/24/07	A-Act/360	SX0701103	0.00	0.000000	0.000000	0.000000	0.000000	0.000000



Page 2 of 24

Saxon Asset Securities Trust 2007-1



Asset Backed Certificates
Asset Backed Certificates
June 25, 2007 Distribution


Distribution to Date - REMIC 4
									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	209,071,000.00	3,382,226.86	14,062,763.74	332,750.31	14,395,514.05	17,777,740.91	0.00	0.00	194,675,485.95
A-2A	139,970,000.00	2,210,969.55	14,771,193.57	480,039.44	15,251,233.01	17,462,202.56	0.00	0.00	124,718,766.99
A-2B	35,830,000.00	594,479.42	0.00	0.00	0.00	594,479.42	0.00	0.00	35,830,000.00
A-2C	54,750,000.00	915,085.42	0.00	0.00	0.00	915,085.42	0.00	0.00	54,750,000.00
A-2D	27,629,000.00	469,386.02	0.00	0.00	0.00	469,386.02	0.00	0.00	27,629,000.00
M-1	25,820,000.00	442,597.84	0.00	0.00	0.00	442,597.84	0.00	0.00	25,820,000.00
M-2	26,442,000.00	455,683.80	0.00	0.00	0.00	455,683.80	0.00	0.00	26,442,000.00
M-3	13,688,000.00	238,817.59	0.00	0.00	0.00	238,817.59	0.00	0.00	13,688,000.00
M-4	12,132,000.00	214,264.60	0.00	0.00	0.00	214,264.60	0.00	0.00	12,132,000.00
M-5	11,510,000.00	208,203.12	0.00	0.00	0.00	208,203.12	0.00	0.00	11,510,000.00
M-6	10,266,000.00	191,974.20	0.00	0.00	0.00	191,974.20	0.00	0.00	10,266,000.00
B-1	9,644,000.00	220,124.30	0.00	0.00	0.00	220,124.30	0.00	0.00	9,644,000.00
B-2	8,399,000.00	194,273.53	0.00	0.00	0.00	194,273.53	0.00	0.00	8,399,000.00
B-3	7,777,000.00	197,708.62	0.00	0.00	0.00	197,708.62	0.00	0.00	7,777,000.00
P	1,000.00	322,915.44	0.00	0.00	0.00	322,915.44	0.00	0.00	1,000.00
OC	29,243,726.00	6,056,794.64	0.00	0.00	1,654.88	6,058,449.52	0.00	0.00	29,242,071.12
R	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00


Total	622,172,726.00	16,315,504.95	28,833,957.31	812,789.75	29,648,401.94	45,963,906.89	0.00	0.00	592,524,324.06


Interest Detail - REMIC 4
	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	5.45000%	197,989,611.49	929,176.25	0.00	0.00	0.00	929,176.25	929,176.25	0.00
A-2A	5.40000%	128,471,617.07	597,393.02	0.00	0.00	0.00	597,393.02	597,393.02	0.00
A-2B	5.43000%	35,830,000.00	167,535.11	0.00	0.00	0.00	167,535.11	167,535.11	0.00
A-2C	5.47000%	54,750,000.00	257,887.71	0.00	0.00	0.00	257,887.71	257,887.71	0.00
A-2D	5.56000%	27,629,000.00	132,281.51	0.00	0.00	0.00	132,281.51	132,281.51	0.00
M-1	5.61000%	25,820,000.00	124,732.12	0.00	0.00	0.00	124,732.12	124,732.12	0.00
M-2	5.64000%	26,442,000.00	128,419.98	0.00	0.00	0.00	128,419.98	128,419.98	0.00
M-3	5.71000%	13,688,000.00	67,303.14	0.00	0.00	0.00	67,303.14	67,303.14	0.00
M-4	5.78000%	12,132,000.00	60,383.66	0.00	0.00	0.00	60,383.66	60,383.66	0.00
M-5	5.92000%	11,510,000.00	58,675.42	0.00	0.00	0.00	58,675.42	58,675.42	0.00
M-6	6.12000%	10,266,000.00	54,101.82	0.00	0.00	0.00	54,101.82	54,101.82	0.00
B-1	7.47000%	9,644,000.00	62,035.03	0.00	0.00	0.00	62,035.03	62,035.03	0.00
B-2	7.57000%	8,399,000.00	54,749.81	0.00	0.00	0.00	54,749.81	54,749.81	0.00
B-3	7.59246%	7,777,000.00	50,845.67	0.00	0.00	0.00	50,845.67	55,717.88	0.00
P	0.00000%	1,000.00	0.00	0.00	0.00	0.00	0.00	94,441.73	0.00
OC	46.45128%	29,242,071.12	0.00	0.00	0.00	0.00	0.00	1,169,674.47	0.00
R	0.00000%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Total		599,591,299.68	2,745,520.25	0.00	0.00	0.00	2,745,520.25	4,014,508.66	0.00



Page 3 of 24

Saxon Asset Securities Trust 2007-1



Asset Backed Certificates
Asset Backed Certificates
June 25, 2007 Distribution

Collection Account Report
SUMMARY

	Group 2	Group 1	Total
Principal Collections	3,752,850.08	3,314,125.54	7,066,975.62
Principal Withrawals	0.00	0.00	0.00
Principal Other Accounts	0.00	0.00	0.00
TOTAL NET PRINCIPAL	3,752,850.08	3,314,125.54	7,066,975.62
Interest Collections	2,258,802.60	1,822,349.87	4,081,152.47
Interest Withdrawals	-0.00	-0.00	-0.00
Interest Other Accounts	49,998.82	44,442.91	94,441.73
Interest Fees	-90,454.77	-70,630.77	-161,085.54
TOTAL NET INTEREST	2,218,346.64	1,796,162.01	4,014,508.66
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION	5,971,196.72	5,110,287.55	11,081,484.28




PRINCIPAL - COLLECTIONS

	Group 2	Group 1	Total
Scheduled Principal Received	119,140.19	82,421.80	201,561.99
Curtailments	8,083.52	5,677.27	13,760.79
Prepayments In Full	3,625,626.37	3,226,026.47	6,851,652.84
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	-39,928.81	-29,227.08	-69,155.89
Realized Losses	-0.00	-0.00	-0.00
Advanced Principal	39,928.81	29,227.08	69,155.89
TOTAL PRINCIPAL COLLECTED	3,752,850.08	3,314,125.54	7,066,975.62




PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK




PRINCIPAL - OTHER ACCOUNTS

	Group 2	Group 1	Total
Closing Date Deposit	0.00	0.00	0.00
TOTAL PRINCIPAL OTHER ACCOUNTS	0.00	0.00	0.00






Page 4 of 24

Saxon Asset Securities Trust 2007-1



Asset Backed Certificates
Asset Backed Certificates
June 25, 2007 Distribution


INTEREST - COLLECTIONS

	Group 2	Group 1	Total
Scheduled Interest	2,308,376.44	1,864,367.84	4,172,744.28
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	-1,720.24	-1,009.80	-2,730.04
Delinquent Interest	-857,938.45	-727,056.05	-1,584,994.50
Compensating Interest	1,720.24	1,009.80	2,730.04
Civil Relief Act Shortfalls	-0.00	-0.00	-0.00
Interest Advanced	808,364.61	685,038.09	1,493,402.70
TOTAL INTEREST COLLECTED	2,258,802.60	1,822,349.87	4,081,152.47




INTEREST - WITHDRAWALS

	Group 2	Group 1	Total
Realized Losses of Interest	0.00	0.00	0.00
Non Recoverable Advances	0.00	0.00	0.00
TOTAL INTEREST WITHDRAWALS	0.00	0.00	0.00




INTEREST - OTHER ACCOUNTS
INTEREST - OTHER ACCOUNTS
	Group 2	Group 1	Total
Prepayment Charges	49,998.82	44,442.91	94,441.73
Inflow from Reserve Fund/Interest Earnings			0.00
Inflow from Supp Int Trust/Interest Earnings			0.00
TOTAL INTEREST OTHER ACCOUNTS	49,998.82	44,442.91	94,441.73




INTEREST FEES
INTEREST FEES
	Group 2	Group 1	Total
Current Servicing Fees	88,876.44	69,361.05	158,237.49
Trustee Fees	1,578.33	1,269.72	2,848.05
Net Swap Payment Outflow/(Inflow)			0.00
TOTAL INTEREST FEES	90,454.77	70,630.77	161,085.54



Page 5 of 24

Saxon Asset Securities Trust 2007-1

Asset Backed Certificates

June 25, 2007 Distribution

Credit Enhancement Report

ACCOUNTS

Excess Reserve Fund Account

Beginning Balance

0.00

Amount Deposited

4,872.21

Amount Withdrawn

(4,872.21)

Ending Balance

0.00

Swap Account

Beginning Balance

0.00

Amount Deposited

0.00

Amount Withdrawn

0.00

Ending Balance

0.00

INSURANCE

SPACE INTENTIONALLY LEFT BLANK

STRUCTURAL FEATURES

Group 2

Group 1

Total

Extra Principal Distribution Amount

0.00

Overcollateralization Amount

29,242,071.12

Overcollateralization Target Amount

29,242,071.12

Overcollateralization Deficiency Amount

0.00

Overcollateralization Release Amount

0.00

Page 6 of 24

Saxon Asset Securities Trust 2007-1



Asset Backed Certificates
Asset Backed Certificates
June 25, 2007 Distribution

Collateral Report


COLLATERAL




		Group 2	Group 1	Total



Loan Count:


Original	1,628	1,506	3,134
Prior	1,579	1,451	3,030
Prefunding	0	0	0
Scheduled Paid Offs	-0	-0	-0
Full Voluntary Prepayments	-18	-20	-38
Repurchases	-0	-0	-0
Liquidations	-0	-0	-0
Current	1,561	1,431	2,992
Principal Balance:


Original	343,775,733.14	278,392,073.82	622,167,806.96
Prior	332,280,676.13	267,309,623.55	599,590,299.68
Prefunding	0.00	0.00	0.00
Scheduled Principal	-119,140.19	-82,421.80	-201,561.99
Partial Prepayments	-8,083.52	-5,677.27	-13,760.79
Full Voluntary Prepayments	-3,625,626.37	-3,226,026.47	-6,851,652.84
Repurchases	-0.00	-0.00	-0.00
Liquidations	-0.00	-0.00	-0.00
Current	328,527,826.05	263,995,498.01	592,523,324.06





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK

Page 7 of 24

Saxon Asset Securities Trust 2007-1



Asset Backed Certificates
Asset Backed Certificates
June 25, 2007 Distribution


CHARACTERISTICS
CHARACTERISTICS

	Group 2	Group 1	Total
Weighted Average Coupon Original	8.34885%	8.36682%	8.35689%
Weighted Average Coupon Prior	8.33708%	8.37052%	8.35203%
Weighted Average Coupon Current	8.33647%	8.36945%	8.35117%
Weighted Average Months to Maturity Original	358	358	358
Weighted Average Months to Maturity Prior	356	356	356
Weighted Average Months to Maturity Current	355	355	355
Weighted Avg Remaining Amortization Term Original	428	429	429
Weighted Avg Remaining Amortization Term Prior	426	426	426
Weighted Avg Remaining Amortization Term Current	425	426	425
Weighted Average Seasoning Original	3.35	3.39	3.37
Weighted Average Seasoning Prior	5.35	5.37	5.36
Weighted Average Seasoning Current	6.35	6.37	6.36

Page 8 of 24

Saxon Asset Securities Trust 2007-1



Asset Backed Certificates
Asset Backed Certificates
June 25, 2007 Distribution


ARM CHARACTERISTICS
ARM CHARACTERISTICS

	Group 2	Group 1	Total
Weighted Average Margin Original	6.16131%	6.09592%	6.13277%
Weighted Average Margin Prior	6.16177%	6.10584%	6.13747%
Weighted Average Margin Current	6.16480%	6.11270%	6.14223%
Weighted Average Max Rate Original	14.40857%	14.31132%	14.36612%
Weighted Average Max Rate Prior	14.39997%	14.31975%	14.36511%
Weighted Average Max Rate Current	14.39902%	14.31951%	14.36458%
Weighted Average Min Rate Original	6.49877%	6.28222%	6.40426%
Weighted Average Min Rate Prior	6.49655%	6.29236%	6.40782%
Weighted Average Min Rate Current	6.49931%	6.29979%	6.41290%
Weighted Average Cap Up Original	1.00198%	1.00092%	1.00152%
Weighted Average Cap Up Prior	1.00202%	1.00094%	1.00155%
Weighted Average Cap Up Current	1.00204%	1.00096%	1.00157%
Weighted Average Cap Down Original	1.00198%	1.00092%	1.00152%
Weighted Average Cap Down Prior	1.00202%	1.00094%	1.00155%
Weighted Average Cap Down Current	1.00204%	1.00096%	1.00157%




SERVICING FEES & ADVANCES
SERVICING FEES & ADVANCES

	Group 2	Group 1	Total




Current Servicing Fees	88,876.44	69,361.05	158,237.49
Delinquent Servicing Fees	49,573.84	42,017.96	91,591.80
TOTAL SERVICING FEES	138,450.28	111,379.01	249,829.29


Servicing Fees	138,450.28	111,379.01	249,829.29
Compensating Interest	-1,720.24	-1,009.80	-2,730.04
Delinquent Servicing Fees	-49,573.84	-42,017.96	-91,591.80
COLLECTED SERVICING FEES	88,734.54	69,620.97	158,355.51


Total Advanced Interest	808,364.61	685,038.09	1,493,402.70
Total Advanced Principal	39,928.81	29,227.08	69,155.89
TOTAL ADVANCES FOR CURRENT PERIOD	127,647.46	143,753.17	1,562,558.58





ADDITIONAL COLLATERAL INFORMATION
ADDITIONAL COLLATERAL INFORMATION
	Group 2	Group 1	Total
Prepayment Interest Shortfall (PPIS)	1,720.24	1,009.80	2,730.04
Compensating Interest	(1,720.24)	(1,009.80)	(2,730.04)
Net Prepayment Interest Shortfall (PPIS)	0.00	0.00	0.00

Net Mortgage Rate	7.830782%	7.863776%	7.845491%
Net WAC Cap	7.578176%	7.610106%	7.592411%

Balance of Loans that adjust based on 6mo LIBOR	268,297,405.25	205,039,419.19	473,336,824.44
Largest Mortgage Loan Balance	997,969.32	569,971.68




Page 9 of 24

Saxon Asset Securities Trust 2007-1



Asset Backed Certificates
Asset Backed Certificates
June 25, 2007 Distribution

Delinquency Report

TOTAL
		< 1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT	Balance		18,214,028.66	9,762,172.27	3,153,122.35	31,129,323.28
	% Balance		3.07%	1.65%	0.53%	5.25%
	# Loans		79	39	22	140
	% # Loans		2.64%	1.30%	0.74%	4.68%
FORECLOSURE	Balance	0.00	0.00	0.00	5,549,494.36	5,549,494.36
	% Balance	0.00%	0.00%	0.00%	0.94%	0.94%
	# Loans	0	0	0	23	23
	% # Loans	0.00%	0.00%	0.00%	0.77%	0.77%
BANKRUPTCY	Balance	123,109.23	0.00	0.00	323,728.90	446,838.13
	% Balance	0.02%	0.00%	0.00%	0.05%	0.08%
	# Loans	1	0	0	1	2
	% # Loans	0.03%	0.00%	0.00%	0.03%	0.07%
REO	Balance	0.00	0.00	0.00	134,244.36	134,244.36
	% Balance	0.00%	0.00%	0.00%	0.02%	0.02%
	# Loans	0	0	0	1	1
	% # Loans	0.00%	0.00%	0.00%	0.03%	0.03%
TOTAL	Balance	123,109.23	18,214,028.66	9,762,172.27	9,160,589.97	37,259,900.13
	% Balance	0.02%	3.07%	1.65%	1.55%	6.29%
	# Loans	1	79	39	47	166
	% # Loans	0.03%	2.64%	1.30%	1.57%	5.55%

Page 10 of 24

Saxon Asset Securities Trust 2007-1



Asset Backed Certificates
Asset Backed Certificates
June 25, 2007 Distribution


GROUP 1
		< 1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT	Balance		7,493,549.46	3,500,134.47	1,052,733.69	12,046,417.62
	% Balance		2.84%	1.33%	0.40%	4.56%
	# Loans		34	15	6	55
	% # Loans		2.38%	1.05%	0.42%	3.84%
FORECLOSURE	Balance	0.00	0.00	0.00	1,752,157.88	1,752,157.88
	% Balance	0.00%	0.00%	0.00%	0.66%	0.66%
	# Loans	0	0	0	8	8
	% # Loans	0.00%	0.00%	0.00%	0.56%	0.56%
BANKRUPTCY	Balance	0.00	0.00	0.00	323,728.90	323,728.90
	% Balance	0.00%	0.00%	0.00%	0.12%	0.12%
	# Loans	0	0	0	1	1
	% # Loans	0.00%	0.00%	0.00%	0.07%	0.07%
REO	Balance	0.00	0.00	0.00	134,244.36	134,244.36
	% Balance	0.00%	0.00%	0.00%	0.05%	0.05%
	# Loans	0	0	0	1	1
	% # Loans	0.00%	0.00%	0.00%	0.07%	0.07%
TOTAL	Balance	0.00	7,493,549.46	3,500,134.47	3,262,864.83	14,256,548.76
	% Balance	0.00%	2.84%	1.33%	1.24%	5.40%
	# Loans	0	34	15	16	65
	% # Loans	0.00%	2.38%	1.05%	1.12%	4.54%

Page 11 of 24

Saxon Asset Securities Trust 2007-1



Asset Backed Certificates
Asset Backed Certificates
June 25, 2007 Distribution


GROUP 2
		< 1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT	Balance		10,720,479.20	6,262,037.80	2,100,388.66	19,082,905.66
	% Balance		3.26%	1.91%	0.64%	5.81%
	# Loans		45	24	16	85
	% # Loans		2.88%	1.54%	1.02%	5.45%
FORECLOSURE	Balance	0.00	0.00	0.00	3,797,336.48	3,797,336.48
	% Balance	0.00%	0.00%	0.00%	1.16%	1.16%
	# Loans	0	0	0	15	15
	% # Loans	0.00%	0.00%	0.00%	0.96%	0.96%
BANKRUPTCY	Balance	123,109.23	0.00	0.00	0.00	123,109.23
	% Balance	0.04%	0.00%	0.00%	0.00%	0.04%
	# Loans	1	0	0	0	1
	% # Loans	0.06%	0.00%	0.00%	0.00%	0.06%
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	123,109.23	10,720,479.20	6,262,037.80	5,897,725.14	23,003,351.37
	% Balance	0.04%	3.26%	1.91%	1.80%	7.00%
	# Loans	1	45	24	31	101
	% # Loans	0.06%	2.88%	1.54%	1.99%	6.47%

Page 12 of 24

Saxon Asset Securities Trust 2007-1

Asset Backed Certificates

June 25, 2007 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

Became REO Property this Period:

12039070 1

134,300.00

134,244.36

01-Dec-2006

10.000%

FL - 85.00%

360

01-Dec-2006

TOTAL

134,300.00

134,244.36

Page 13 of 24

Saxon Asset Securities Trust 2007-1



Asset Backed Certificates
Asset Backed Certificates
June 25, 2007 Distribution

Foreclosure Report
Loan Number	Original	Stated		Current	State &		First
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
					Origination

Became Foreclosure Property this Period:
11944245 2	91,200.00	90,700.82	01-Jan-2007	8.875%	OK - 80.00%	360	01-Dec-2005
12033341 1	330,300.00	329,802.23	01-Dec-2006	9.050%	MD - 90.00%	360	01-Dec-2006
12033894 2	554,400.00	554,400.00	01-Jan-2007	7.100%	CT - 80.00%	360	01-Dec-2006
12040311 2	162,000.00	161,924.41	01-Jan-2007	9.700%	FL - 72.00%	360	01-Dec-2006
12043317 2	420,000.00	420,000.00	01-Jan-2007	7.950%	NJ - 80.00%	360	01-Oct-2006
12044222 2	284,000.00	283,815.97	01-Jan-2007	8.450%	NE - 80.00%	360	01-Jan-2007
12046006 2	175,904.00	175,308.67	01-Jan-2007	10.350%	IN - 80.00%	360	01-Nov-2006
12051066 1	292,000.00	291,506.03	01-Jan-2007	5.850%	CA - 80.00%	360	01-Jan-2007
12052655 2	135,000.00	134,474.53	01-Jan-2007	8.250%	FL - 75.00%	360	01-Jan-2007
12054790 2	112,200.00	111,935.21	01-Jan-2007	10.650%	WI - 85.00%	360	01-Jan-2007
12061094 1	139,950.00	139,533.02	01-Jan-2007	8.650%	IL - 90.00%	360	01-Feb-2007
2000194160 2	424,000.00	422,284.60	01-Jan-2007	9.500%	CA - 80.00%	360	01-Nov-2006
2000194181 2	252,000.00	250,587.36	01-Jan-2007	7.900%	GA - 70.00%	360	01-Nov-2006


TOTAL	3,372,954.00	3,366,272.85

Became Foreclosure Property in a Prior Period:
12031217 2	475,200.00	474,206.56	01-Dec-2006	8.400%	MN - 79.88%	480	01-Nov-2006
12036189 1	210,512.00	209,807.04	01-Dec-2006	10.400%	FL - 80.00%	360	01-Nov-2006
12036558 2	202,300.00	202,044.91	01-Dec-2006	9.650%	MN - 85.00%	360	01-Dec-2006
12043144 1	143,000.00	142,857.31	01-Dec-2006	10.425%	FL - 65.00%	360	01-Dec-2006
12046582 1	256,500.00	255,652.25	01-Dec-2006	9.050%	NJ - 90.00%	360	01-Jan-2007
12047114 2	107,100.00	106,818.82	01-Dec-2006	10.150%	MO - 90.00%	360	01-Jan-2007
12048646 1	230,000.00	230,000.00	01-Dec-2006	8.150%	VA - 74.19%	360	01-Jan-2007
12049799 2	65,000.00	64,941.64	01-Dec-2006	10.250%	AZ - 68.42%	360	01-Jan-2007
12051175 1	153,000.00	153,000.00	01-Dec-2006	9.500%	MD - 90.00%	360	01-Jan-2007
12059876 2	345,000.00	343,892.98	01-Dec-2006	9.950%	MD - 100.00%	360	01-Dec-2006


TOTAL	2,187,612.00	2,183,221.51


TOTAL	5,560,566.00	5,549,494.36
TOTAL


Page 14 of 24

Saxon Asset Securities Trust 2007-1



Asset Backed Certificates
Asset Backed Certificates
June 25, 2007 Distribution

Prepayment Report

VOLUNTARY PREPAYMENTS



		Group 2	Group 1	Total


Current


Number of Paid in Full Loans	18	20	38
Number of Repurchased Loans	0	0	0
Total Number of Loans Prepaid in Full	18	20	38
Curtailments Amount	8,083.52	5,677.27	13,760.79
Paid in Full Balance	3,625,626.37	3,226,026.47	6,851,652.84
Repurchased Loans Balance	0.00	0.00	0.00
Total Prepayment Amount	3,633,709.89	3,231,703.74	6,865,413.63
Cumulative


Number of Paid in Full Loans	67	75	142
Number of Repurchased Loans	0	0	0
Total Number of Loans Prepaid in Full	67	75	142
Paid in Full Balance	14,710,118.95	14,035,736.08	28,745,855.03
Repurchased Loans Balance	0.00	0.00	0.00
Curtailments Amount	57,748.70	28,089.42	85,838.12
Total Prepayment Amount	14,767,867.65	14,063,825.50	28,831,693.15

Page 15 of 24

Saxon Asset Securities Trust 2007-1



Asset Backed Certificates
Asset Backed Certificates
June 25, 2007 Distribution


VOLUNTARY PREPAYMENTS RATES



		Group 2	Group 1	Total





SMM	1.09%	1.21%	1.15%
3 Months Avg SMM	1.29%	1.34%	1.32%
12 Months Avg SMM	1.09%	1.29%	1.18%
Avg SMM Since Cut-off	1.09%	1.29%	1.18%



CPR	12.37%	13.58%	12.91%
3 Months Avg CPR	14.47%	15.00%	14.71%
12 Months Avg CPR	12.35%	14.41%	13.28%
Avg CPR Since Cut-off	12.35%	14.41%	13.28%



PSA	973.45%	1,065.92%	1,014.90%
3 Months Avg PSA Approximation	1,352.42%	1,394.57%	1,371.29%
12 Months Avg PSA Approximation	1,273.10%	1,476.97%	1,365.04%
Avg PSA Since Cut-off Approximation	1,273.10%	1,476.96%	1,365.04%

Page 16 of 24

Saxon Asset Securities Trust 2007-1

Asset Backed Certificates

June 25, 2007 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/(0.20%*min(30,WAS))

Average SMM over period between nth month and mth month (AvgSMMn,m): 1 - [(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/(0.20%*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 24

Saxon Asset Securities Trust 2007-1



Asset Backed Certificates
Asset Backed Certificates
June 25, 2007 Distribution

Prepayment Detail Report

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution


Loan Number		Original			Current	State &	Type Prepayment	First


&	Loan	Principal	Prepayment	Prepayment	Note	LTV at	&	Payment

Loan Group	Status	Balance	Amount	Date	Rate	Origination	Original Term	Date

11959394 1		268,000.00	267,572.92	18-May-2007	6.990%	MD - 67.00%	Paid Off - 360	01-Nov-2006
11959394 1		268,000.00	267,572.92	18-May-2007	6.990%	MD - 67.00%	Paid Off - 360	01-Nov-2006
12027089 1		75,000.00	74,584.57	11-Jun-2007	8.750%	GA - 53.57%	Paid Off - 360	01-Dec-2006
12030706 1		250,000.00	249,756.16	30-May-2007	10.500%	OR - 45.87%	Paid Off - 360	01-Nov-2006
12035958 1		71,100.00	71,012.48	06-Jun-2007	9.200%	TX - 90.00%	Paid Off - 360	01-Dec-2006
12037906 1		250,000.00	249,873.99	01-Jun-2007	9.100%	NY - 54.35%	Paid Off - 360	01-Dec-2006
12038291 1		403,750.00	401,634.75	30-May-2007	6.750%	MD - 85.00%	Paid Off - 360	01-Dec-2006
12038740 1		123,250.00	122,894.16	04-Jun-2007	9.700%	CT - 85.00%	Paid Off - 360	01-Dec-2006
12043794 1		154,000.00	153,229.98	08-Jun-2007	6.990%	CA - 45.97%	Paid Off - 360	01-Dec-2006
12044343 2		170,000.00	168,941.17	15-Jun-2007	10.300%	OR - 58.62%	Paid Off - 360	01-Jan-2007
12044520 2		197,000.00	197,000.00	23-May-2007	8.850%	CA - 64.59%	Paid Off - 360	01-Jan-2007
12044718 2		300,000.00	298,890.07	31-May-2007	8.500%	MD - 75.00%	Paid Off - 360	01-Dec-2006
12044765 1		149,500.00	149,238.73	14-Jun-2007	8.000%	FL - 58.63%	Paid Off - 360	01-Dec-2006
12045235 2	FCL	178,200.00	177,875.28	25-May-2007	7.200%	MD - 69.88%	Paid Off - 360	01-Jan-2007
12046019 1		80,000.00	79,720.74	30-May-2007	9.990%	NY - 40.20%	Paid Off - 360	01-Nov-2006
12046969 1		69,300.00	69,220.28	25-May-2007	8.800%	MD - 90.00%	Paid Off - 360	01-Jan-2007
12047432 2		84,000.00	83,921.51	04-Jun-2007	9.500%	LA - 49.41%	Paid Off - 360	01-Jan-2007
12048016 1		100,000.00	99,648.45	15-Jun-2007	8.750%	FL - 46.51%	Paid Off - 360	01-Dec-2006
12049037 2		81,600.00	81,600.00	24-May-2007	7.800%	OH - 80.00%	Paid Off - 360	01-Jan-2007
12049041 1		20,400.00	20,379.64	24-May-2007	13.700%	OH - 20.00%	Paid Off - 240	01-Jan-2007
12049900 2		85,000.00	84,857.68	31-May-2007	7.500%	FL - 66.93%	Paid Off - 480	01-Jan-2007
12050054 2		365,000.00	364,757.83	14-Jun-2007	7.900%	MD - 62.93%	Paid Off - 360	01-Jan-2007
12050204 2		161,600.00	161,103.54	01-Jun-2007	8.500%	TN - 79.65%	Paid Off - 360	01-Jan-2007
12050483 2		171,500.00	171,021.65	01-Jun-2007	7.675%	MD - 70.00%	Paid Off - 360	01-Jan-2007
12050720 2		360,000.00	359,099.32	07-Jun-2007	6.050%	MD - 80.00%	Paid Off - 360	01-Jan-2007
12051408 1		417,000.00	416,138.49	31-May-2007	6.750%	CA - 66.19%	Paid Off - 360	01-Jan-2007
12051621 1		110,320.00	109,944.92	11-Jun-2007	8.000%	KY - 80.00%	Paid Off - 360	01-Jan-2007
12051627 1		27,580.00	27,547.43	11-Jun-2007	12.950%	KY - 20.00%	Paid Off - 240	01-Jan-2007
12052366 2		391,000.00	390,354.53	30-May-2007	7.550%	NY - 85.00%	Paid Off - 360	01-Jan-2007
12053612 2		190,000.00	190,000.00	01-Jun-2007	9.100%	NV - 56.89%	Paid Off - 360	01-Jan-2007
12054303 2		180,000.00	179,375.58	05-Jun-2007	7.900%	VA - 65.45%	Paid Off - 360	01-Jan-2007
12054412 2		107,200.00	106,993.19	11-Jun-2007	9.650%	TX - 80.00%	Paid Off - 360	01-Feb-2007
12054602 1		109,476.00	109,154.44	05-Jun-2007	7.600%	WA - 48.66%	Paid Off - 360	01-Feb-2007
12056561 1		192,474.00	192,046.50	15-Jun-2007	8.975%	NY - 85.00%	Paid Off - 360	01-Feb-2007
12057326 2		55,000.00	54,836.55	31-May-2007	7.800%	CA - 19.64%	Paid Off - 360	01-Feb-2007
12057560 1		202,500.00	202,500.00	29-May-2007	7.125%	MD - 75.00%	Paid Off - 360	01-Feb-2007
12061935 1		160,200.00	159,927.84	04-Jun-2007	10.250%	PA - 90.00%	Paid Off - 360	01-Feb-2007
2000194134 2		107,100.00	106,722.41	06-Jun-2007	9.500%	NM - 70.00%	Paid Off - 360	01-Nov-2006
2000194157 2		450,000.00	448,276.06	22-May-2007	9.100%	CA - 46.15%	Paid Off - 360	01-Nov-2006


TOTAL	6,868,050.00	6,851,652.84

Page 18 of 24

Saxon Asset Securities Trust 2007-1



Asset Backed Certificates
Asset Backed Certificates
June 25, 2007 Distribution

Realized Loss Report

COLLATERAL REALIZED LOSSES



	Group 2	Group 1	Total


Current





Number of Loans Liquidated	0	0	0
Subsequent Recoveries	0.00	0.00	0.00
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
Subsequent Recoveries	0.00	0.00	0.00

Page 19 of 24

Saxon Asset Securities Trust 2007-1



Asset Backed Certificates
Asset Backed Certificates
June 25, 2007 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 2007-1

Asset Backed Certificates

June 25, 2007 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 2007-1

Asset Backed Certificates

June 25, 2007 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 22 of 24

Saxon Asset Securities Trust 2007-1

Asset Backed Certificates

June 25, 2007 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

18,922,762.24

Ending Collateral Balance

592,523,324.06

Delinquency Percentage

3.1900%

Senior Enhancement Percentage

26.145818%

Cumulative Loss Percentage

0.00000000%

ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK

ADDITIONAL INFORMATION

Group 2

Group 1

Total

Libor For Current Period

5.320000%

Libor For Next Period

5.320000%

Page 23 of 24

Saxon Asset Securities Trust 2007-1



Asset Backed Certificates
Asset Backed Certificates
June 25, 2007 Distribution

Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

		Interest Carry Fwd Paid	Interest Carry Fwd Unpaid	Basis Risk Carry Fwd Paid	Basis Risk Carry Fwd Unpaid


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
	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	$4,872.21	$0.00






Page 24 of 24

Saxon Asset Securities Trust 2007-1 10-D