Saxon Asset Securities Trust 2007-1

Asset Backed Certificates

December 26, 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:

December 26, 2007

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

Record Date:

December 24, 2007

Factor Information:

(800) 735-7777

Main Phone Number:

(714) 247-6000

https://tss.sfs.db.com/investpublic

Page 1 of 28

Saxon Asset Securities Trust 2007-1



Asset Backed Certificates
Asset Backed Certificates
December 26, 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	178,831,407.62	732,184.96	2,613,026.09	3,345,211.05	0.00	0.00	176,218,381.53
A-1	SR	209,071,000.00	178,831,407.62	732,184.96	2,613,026.09	3,345,211.05	0.00	0.00	176,218,381.53
A-2A	SR	139,970,000.00	104,809,961.98	424,930.38	5,288,076.62	5,713,007.00	0.00	0.00	99,521,885.36
A-2B	SR	35,830,000.00	35,830,000.00	146,161.47	0.00	146,161.47	0.00	0.00	35,830,000.00
A-2C	SR	54,750,000.00	54,750,000.00	225,167.67	0.00	225,167.67	0.00	0.00	54,750,000.00
A-2D	SR	27,629,000.00	27,629,000.00	115,701.48	0.00	115,701.48	0.00	0.00	27,629,000.00
M-1	MEZ	25,820,000.00	25,820,000.00	109,202.25	0.00	109,202.25	0.00	0.00	25,820,000.00
M-2	MEZ	26,442,000.00	26,442,000.00	112,494.24	0.00	112,494.24	0.00	0.00	26,442,000.00
M-3	MEZ	13,688,000.00	13,688,000.00	59,032.71	0.00	59,032.71	0.00	0.00	13,688,000.00
M-4	MEZ	12,132,000.00	12,132,000.00	53,030.09	0.00	53,030.09	0.00	0.00	12,132,000.00
M-5	MEZ	11,510,000.00	11,510,000.00	51,654.66	0.00	51,654.66	0.00	0.00	11,510,000.00
M-6	MEZ	10,266,000.00	10,266,000.00	47,783.54	0.00	47,783.54	0.00	0.00	10,266,000.00
B-1	SUB	9,644,000.00	9,644,000.00	55,742.43	0.00	55,742.43	0.00	0.00	9,644,000.00
B-2	SUB	8,399,000.00	8,399,000.00	49,246.52	0.00	49,246.52	0.00	0.00	8,399,000.00
B-3	SUB	7,777,000.00	7,777,000.00	50,462.15	0.00	50,462.15	0.00	0.00	7,777,000.00
P	NOF	1,000.00	1,000.00	71,276.21	0.00	71,276.21	0.00	0.00	1,000.00
OC	NOF	29,243,726.00	29,242,071.12	1,127,945.78	0.00	1,127,945.78	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	556,771,440.72	3,432,016.54	7,901,102.71	11,333,119.25	0.00	0.00	548,870,338.01
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	11/26/07	12/25/07	A-Act/360	80556BAA3	209,071,000.00	855.362090	3.502088	12.498271	16.000359	842.863819
A-1	11/26/07	12/25/07	A-Act/360	80556BAA3	209,071,000.00	855.362090	3.502088	12.498271	16.000359	842.863819
A-2A	11/26/07	12/25/07	A-Act/360	80556BAB1	139,970,000.00	748.803043	3.035868	37.780072	40.815939	711.022972
A-2B	11/26/07	12/25/07	A-Act/360	80556BAC9	35,830,000.00	1,000.000000	4.079304	0.000000	4.079304	1,000.000000
A-2C	11/26/07	12/25/07	A-Act/360	80556BAD7	54,750,000.00	1,000.000000	4.112652	0.000000	4.112652	1,000.000000
A-2D	11/26/07	12/25/07	A-Act/360	80556BAE5	27,629,000.00	1,000.000000	4.187683	0.000000	4.187683	1,000.000000
M-1	11/26/07	12/25/07	A-Act/360	80556BAF2	25,820,000.00	1,000.000000	4.229367	0.000000	4.229367	1,000.000000
M-2	11/26/07	12/25/07	A-Act/360	80556BAG0	26,442,000.00	1,000.000000	4.254377	0.000000	4.254377	1,000.000000
M-3	11/26/07	12/25/07	A-Act/360	80556BAH8	13,688,000.00	1,000.000000	4.312735	0.000000	4.312735	1,000.000000
M-4	11/26/07	12/25/07	A-Act/360	80556BAJ4	12,132,000.00	1,000.000000	4.371092	0.000000	4.371092	1,000.000000
M-5	11/26/07	12/25/07	A-Act/360	80556BAK1	11,510,000.00	1,000.000000	4.487807	0.000000	4.487807	1,000.000000
M-6	11/26/07	12/25/07	A-Act/360	80556BAL9	10,266,000.00	1,000.000000	4.654543	0.000000	4.654543	1,000.000000
B-1	11/26/07	12/25/07	A-Act/360	80556BAM7	9,644,000.00	1,000.000000	5.780011	0.000000	5.780011	1,000.000000
B-2	11/26/07	12/25/07	A-Act/360	80556BAN5	8,399,000.00	1,000.000000	5.863379	0.000000	5.863379	1,000.000000
B-3	11/26/07	12/25/07	A-Act/360	80556BAP0	7,777,000.00	1,000.000000	6.488640	0.000000	6.488640	1,000.000000
P	11/26/07	12/25/07	A-Act/360	SX0701101	1,000.00	1,000.000000	71,276.210000	0.000000	71,276.210000	1,000.000000
OC	11/26/07	12/25/07	A-Act/360	SX0701102	29,243,726.00	999.943411	38.570522	0.000000	38.570522	999.943411
R	11/26/07	12/25/07	A-Act/360	SX0701103	0.00	0.000000	0.000000	0.000000	0.000000	0.000000



Page 2 of 28

Saxon Asset Securities Trust 2007-1



Asset Backed Certificates
Asset Backed Certificates
December 26, 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	8,429,143.30	32,029,674.25	822,944.22	32,852,618.47	41,281,761.77	0.00	0.00	176,218,381.53
A-2A	139,970,000.00	5,264,260.73	39,267,401.27	1,180,713.37	40,448,114.64	45,712,375.37	0.00	0.00	99,521,885.36
A-2B	35,830,000.00	1,558,067.38	0.00	0.00	0.00	1,558,067.38	0.00	0.00	35,830,000.00
A-2C	54,750,000.00	2,398,685.71	0.00	0.00	0.00	2,398,685.71	0.00	0.00	54,750,000.00
A-2D	27,629,000.00	1,230,775.15	0.00	0.00	0.00	1,230,775.15	0.00	0.00	27,629,000.00
M-1	25,820,000.00	1,160,732.07	0.00	0.00	0.00	1,160,732.07	0.00	0.00	25,820,000.00
M-2	26,442,000.00	1,195,171.20	0.00	0.00	0.00	1,195,171.20	0.00	0.00	26,442,000.00
M-3	13,688,000.00	626,517.64	0.00	0.00	0.00	626,517.64	0.00	0.00	13,688,000.00
M-4	12,132,000.00	562,231.85	0.00	0.00	0.00	562,231.85	0.00	0.00	12,132,000.00
M-5	11,510,000.00	546,564.31	0.00	0.00	0.00	546,564.31	0.00	0.00	11,510,000.00
M-6	10,266,000.00	504,256.86	0.00	0.00	0.00	504,256.86	0.00	0.00	10,266,000.00
B-1	9,644,000.00	580,013.31	0.00	0.00	0.00	580,013.31	0.00	0.00	9,644,000.00
B-2	8,399,000.00	511,994.13	0.00	0.00	0.00	511,994.13	0.00	0.00	8,399,000.00
B-3	7,777,000.00	521,710.41	0.00	0.00	0.00	521,710.41	0.00	0.00	7,777,000.00
P	1,000.00	680,353.59	0.00	0.00	0.00	680,353.59	0.00	0.00	1,000.00
OC	29,243,726.00	12,603,884.33	0.00	0.00	1,654.88	12,605,539.21	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	38,374,361.97	71,297,075.52	2,003,657.59	73,302,387.99	111,676,749.96	0.00	0.00	548,870,338.01


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	4.91313%	178,831,407.62	732,184.96	0.00	0.00	0.00	732,184.96	732,184.96	0.00
A-2A	4.86313%	104,809,961.98	424,753.73	-176.66	0.00	0.00	424,930.39	424,930.38	0.00
A-2B	4.89313%	35,830,000.00	146,100.71	-60.76	0.00	0.00	146,161.47	146,161.47	0.00
A-2C	4.93313%	54,750,000.00	225,074.06	-93.61	0.00	0.00	225,167.67	225,167.67	0.00
A-2D	5.02313%	27,629,000.00	115,653.38	-48.10	0.00	0.00	115,701.48	115,701.48	0.00
M-1	5.07313%	25,820,000.00	109,156.85	-45.40	0.00	0.00	109,202.25	109,202.25	0.00
M-2	5.10313%	26,442,000.00	112,447.47	-46.77	0.00	0.00	112,494.24	112,494.24	0.00
M-3	5.17313%	13,688,000.00	59,008.17	-24.54	0.00	0.00	59,032.71	59,032.71	0.00
M-4	5.24313%	12,132,000.00	53,008.04	-22.05	0.00	0.00	53,030.09	53,030.09	0.00
M-5	5.38313%	11,510,000.00	51,633.19	-21.47	0.00	0.00	51,654.66	51,654.66	0.00
M-6	5.58313%	10,266,000.00	47,763.68	-19.87	0.00	0.00	47,783.55	47,783.54	0.00
B-1	6.93313%	9,644,000.00	55,719.25	-23.17	0.00	0.00	55,742.42	55,742.43	0.00
B-2	7.03313%	8,399,000.00	49,226.05	-20.47	0.00	0.00	49,246.52	49,246.52	0.00
B-3	7.78313%	7,777,000.00	50,441.17	-20.98	0.00	0.00	50,462.15	50,462.15	0.00
P	0.00000%	1,000.00	0.00	0.00	0.00	0.00	0.00	71,276.21	0.00
OC	46.28725%	29,242,071.12	0.00	0.00	0.00	0.00	0.00	1,127,945.78	0.00
R	0.00000%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Total		556,771,440.72	2,232,170.71	-623.85	0.00	0.00	2,232,794.56	3,432,016.54	0.00



Page 3 of 28

Saxon Asset Securities Trust 2007-1



Asset Backed Certificates
Asset Backed Certificates
December 26, 2007 Distribution

Collection Account Report
SUMMARY

	Group 2	Group 1	Total
Principal Collections	5,117,791.63	2,528,882.24	7,646,673.87
Principal Withrawals	0.00	0.00	0.00
Principal Other Accounts	0.00	0.00	0.00
TOTAL NET PRINCIPAL	5,117,791.63	2,528,882.24	7,646,673.87
Interest Collections	2,076,874.32	1,679,290.62	3,756,164.94
Interest Withdrawals	-22,790.47	-0.00	-22,790.47
Interest Other Accounts	35,172.61	36,103.60	71,276.21
Interest Fees	-66,129.22	-52,076.08	-118,205.30
TOTAL NET INTEREST	2,023,127.24	1,663,318.14	3,686,445.38
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION	7,140,918.87	4,192,200.38	11,333,119.25




PRINCIPAL - COLLECTIONS

	Group 2	Group 1	Total
Scheduled Principal Received	115,056.26	80,943.09	195,999.35
Curtailments	10,292.35	5,100.67	15,393.02
Prepayments In Full	4,992,443.02	2,036,419.58	7,028,862.60
Repurchased/Substitutions	0.00	0.00	0.00
Liquidations	223,797.10	437,050.63	660,847.73
Other Additional Principal	0.00	0.00	0.00
Delinquent Principal	-52,487.79	-37,998.53	-90,486.32
Realized Losses	-223,797.10	-30,631.73	-254,428.83
Advanced Principal	52,487.79	37,998.53	90,486.32
TOTAL PRINCIPAL COLLECTED	5,117,791.63	2,528,882.24	7,646,673.87




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 28

Saxon Asset Securities Trust 2007-1



Asset Backed Certificates
Asset Backed Certificates
December 26, 2007 Distribution


INTEREST - COLLECTIONS

	Group 2	Group 1	Total
Scheduled Interest	2,137,954.86	1,728,613.32	3,866,568.18
Repurchased/Substitution Interest	0.00	0.00	0.00
Liquidation Interest	2,194.13	3,205.83	5,399.96
Other Additional Interest	0.00	0.00	0.00
Prepayment Interest Shortfalls	-1,597.47	-1,343.53	-2,941.00
Delinquent Interest	-1,099,664.95	-902,076.47	-2,001,741.42
Compensating Interest	1,597.47	1,343.54	2,941.01
Civil Relief Act Shortfalls	(623.85)	-0.00	(623.85)
Interest Advanced	1,035,766.42	849,547.95	1,885,314.37
TOTAL INTEREST COLLECTED	2,076,874.32	1,679,290.62	3,756,164.94




INTEREST - WITHDRAWALS

	Group 2	Group 1	Total
Realized Losses of Interest	22,790.47	0.00	22,790.47
Non Recoverable Advances	0.00	0.00	0.00
Modification Loss	0.00	0.00	0.00
TOTAL INTEREST WITHDRAWALS	22,790.47	0.00	22,790.47




INTEREST - OTHER ACCOUNTS
INTEREST - OTHER ACCOUNTS
	Group 2	Group 1	Total
Prepayment Charges	35,172.61	36,103.60	71,276.21
Inflow from Reserve Fund/Interest Earnings			0.00
Inflow from Supp Int Trust/Interest Earnings			0.00
TOTAL INTEREST OTHER ACCOUNTS	35,172.61	36,103.60	71,276.21




INTEREST FEES
INTEREST FEES
	Group 2	Group 1	Total
Current Servicing Fees	64,663.61	50,897.03	115,560.64
Trustee Fees	1,465.61	1,179.05	2,644.66
Net Swap Payment Outflow/(Inflow)			0.00
TOTAL INTEREST FEES	66,129.22	52,076.08	118,205.30



Page 5 of 28

Saxon Asset Securities Trust 2007-1

Asset Backed Certificates

December 26, 2007 Distribution

Credit Enhancement Report

ACCOUNTS

Excess Reserve Fund Account

Beginning Balance

0.00

Amount Deposited

0.00

Amount Withdrawn

0.00

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

254,428.83

Overcollateralization Amount

29,242,071.13

Overcollateralization Target Amount

29,242,071.12

Overcollateralization Deficiency Amount

0.00

Overcollateralization Release Amount

0.00

Page 6 of 28

Saxon Asset Securities Trust 2007-1



Asset Backed Certificates
Asset Backed Certificates
December 26, 2007 Distribution

Collateral Report


COLLATERAL



		Group 2	Group 1	Total



Loan Count:
Loan Count:


Original	1,628	1,506	3,134
Prior	1,467	1,345	2,812
Prefunding	0	0	0
Scheduled Paid Offs	-0	-0	-0
Full Voluntary Prepayments	-21	-11	-32
Repurchases	-0	-0	-0
Liquidations	-2	-2	-4
Current	1,444	1,332	2,776
Principal Balance:


Original	343,775,733.14	278,392,073.82	622,167,806.96
Prior	308,549,121.26	248,221,319.46	556,770,440.72
Prefunding	0.00	0.00	0.00
Scheduled Principal	-115,056.26	-80,943.09	-195,999.35
Partial Prepayments	-10,292.35	-5,100.67	-15,393.02
Full Voluntary Prepayments	-4,992,443.02	-2,036,419.58	-7,028,862.60
Repurchases	-0.00	-0.00	-0.00
Liquidations	-223,797.10	-437,050.63	-660,847.73
Current	303,207,532.53	245,661,805.49	548,869,338.02





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK

Page 7 of 28

Saxon Asset Securities Trust 2007-1



Asset Backed Certificates
Asset Backed Certificates
December 26, 2007 Distribution


CHARACTERISTICS
CHARACTERISTICS

	Group 2	Group 1	Total
Weighted Average Coupon Original	8.34885%	8.36682%	8.35689%
Weighted Average Coupon Prior	8.32348%	8.37287%	8.34554%
Weighted Average Coupon Current	8.32341%	8.37235%	8.34523%
Weighted Average Months to Maturity Original	358	358	358
Weighted Average Months to Maturity Prior	350	350	350
Weighted Average Months to Maturity Current	349	349	349
Weighted Avg Remaining Amortization Term Original	428	429	429
Weighted Avg Remaining Amortization Term Prior	420	420	420
Weighted Avg Remaining Amortization Term Current	419	419	419
Weighted Average Seasoning Original	3.35	3.39	3.37
Weighted Average Seasoning Prior	11.36	11.36	11.36
Weighted Average Seasoning Current	12.37	12.36	12.36

Page 8 of 28

Saxon Asset Securities Trust 2007-1



Asset Backed Certificates
Asset Backed Certificates
December 26, 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	6.17594%	6.12474%	6.15361%
Weighted Average Margin Current	6.18052%	6.12755%	6.15747%
Weighted Average Max Rate Original	14.40857%	14.31132%	14.36612%
Weighted Average Max Rate Prior	14.39168%	14.32902%	14.36436%
Weighted Average Max Rate Current	14.39283%	14.33217%	14.36643%
Weighted Average Min Rate Original	6.49877%	6.28222%	6.40426%
Weighted Average Min Rate Prior	6.52385%	6.31719%	6.43374%
Weighted Average Min Rate Current	6.52954%	6.32304%	6.43967%
Weighted Average Cap Up Original	1.00198%	1.00092%	1.00152%
Weighted Average Cap Up Prior	1.00200%	1.00102%	1.00157%
Weighted Average Cap Up Current	1.00203%	1.00103%	1.00159%
Weighted Average Cap Down Original	1.00198%	1.00092%	1.00152%
Weighted Average Cap Down Prior	1.00200%	1.00102%	1.00157%
Weighted Average Cap Down Current	1.00203%	1.00103%	1.00159%




SERVICING FEES & ADVANCES
SERVICING FEES & ADVANCES

	Group 2	Group 1	Total




Current Servicing Fees	64,663.61	50,897.03	115,560.64
Delinquent Servicing Fees	63,898.52	52,528.52	116,427.04
TOTAL SERVICING FEES	128,562.13	103,425.55	231,987.68


Servicing Fees	128,562.13	103,425.55	231,987.68
Compensating Interest	-1,597.47	-1,343.54	-2,941.01
Delinquent Servicing Fees	-63,898.52	-52,528.52	-116,427.04
COLLECTED SERVICING FEES	64,531.75	50,732.54	115,264.29


Total Advanced Interest	1,035,766.42	849,547.95	1,885,314.37
Total Advanced Principal	52,487.79	37,998.53	90,486.32
TOTAL ADVANCES FOR CURRENT PERIOD	155,404.66	165,469.06	1,975,800.69





ADDITIONAL COLLATERAL INFORMATION
ADDITIONAL COLLATERAL INFORMATION
	Group 2	Group 1	Total
Prepayment Interest Shortfall (PPIS)	1,597.47	1,343.53	2,941.00
Compensating Interest	(1,597.47)	(1,343.54)	(2,941.01)
Net Prepayment Interest Shortfall (PPIS)	0.00	0.00	0.00

Net Mortgage Rate	7.729067%	7.866598%	7.790382%
Net WAC Cap	7.729067%	7.866598%	7.790382%

Balance of Loans that adjust based on 6mo LIBOR	245,183,600.73	190,959,174.92	436,142,775.65
Largest Mortgage Loan Balance	996,369.27	569,004.40




Page 9 of 28

Saxon Asset Securities Trust 2007-1



Asset Backed Certificates
Asset Backed Certificates
December 26, 2007 Distribution

Delinquency Report

TOTAL
		< 1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT	Balance		26,222,870.02	20,065,658.27	8,788,220.70	55,076,748.99
	% Balance		4.78%	3.66%	1.60%	10.03%
	# Loans		131	89	53	273
	% # Loans		4.72%	3.21%	1.91%	9.83%
FORECLOSURE	Balance	82,380.81	495,000.00	199,749.00	38,435,422.76	39,212,552.57
	% Balance	0.02%	0.09%	0.04%	7.00%	7.14%
	# Loans	1	1	1	154	157
	% # Loans	0.04%	0.04%	0.04%	5.55%	5.66%
BANKRUPTCY	Balance	861,863.17	0.00	638,285.15	5,112,521.05	6,612,669.37
	% Balance	0.16%	0.00%	0.12%	0.93%	1.20%
	# Loans	5	0	3	23	31
	% # Loans	0.18%	0.00%	0.11%	0.83%	1.12%
REO	Balance	0.00	0.00	0.00	11,591,161.63	11,591,161.63
	% Balance	0.00%	0.00%	0.00%	2.11%	2.11%
	# Loans	0	0	0	49	49
	% # Loans	0.00%	0.00%	0.00%	1.77%	1.77%
TOTAL	Balance	944,243.98	26,717,870.02	20,903,692.42	63,927,326.14	112,493,132.56
	% Balance	0.17%	4.87%	3.81%	11.65%	20.50%
	# Loans	6	132	93	279	510
	% # Loans	0.22%	4.76%	3.35%	10.05%	18.37%

Page 10 of 28

Saxon Asset Securities Trust 2007-1



Asset Backed Certificates
Asset Backed Certificates
December 26, 2007 Distribution


GROUP 1
		< 1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT	Balance		11,223,582.85	8,561,815.17	4,025,530.76	23,810,928.78
	% Balance		4.57%	3.49%	1.64%	9.69%
	# Loans		58	45	25	128
	% # Loans		4.35%	3.38%	1.88%	9.61%
FORECLOSURE	Balance	82,380.81	0.00	199,749.00	19,792,366.32	20,074,496.13
	% Balance	0.03%	0.00%	0.08%	8.06%	8.17%
	# Loans	1	0	1	80	82
	% # Loans	0.08%	0.00%	0.08%	6.01%	6.16%
BANKRUPTCY	Balance	338,319.43	0.00	0.00	2,253,982.83	2,592,302.26
	% Balance	0.14%	0.00%	0.00%	0.92%	1.06%
	# Loans	3	0	0	10	13
	% # Loans	0.23%	0.00%	0.00%	0.75%	0.98%
REO	Balance	0.00	0.00	0.00	4,722,010.35	4,722,010.35
	% Balance	0.00%	0.00%	0.00%	1.92%	1.92%
	# Loans	0	0	0	23	23
	% # Loans	0.00%	0.00%	0.00%	1.73%	1.73%
TOTAL	Balance	420,700.24	11,223,582.85	8,761,564.17	30,793,890.26	51,199,737.52
	% Balance	0.17%	4.57%	3.57%	12.54%	20.84%
	# Loans	4	58	46	138	246
	% # Loans	0.30%	4.35%	3.45%	10.36%	18.47%

Page 11 of 28

Saxon Asset Securities Trust 2007-1



Asset Backed Certificates
Asset Backed Certificates
December 26, 2007 Distribution


GROUP 2
		< 1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT	Balance		14,999,287.17	11,503,843.10	4,762,689.94	31,265,820.21
	% Balance		4.95%	3.79%	1.57%	10.31%
	# Loans		73	44	28	145
	% # Loans		5.06%	3.05%	1.94%	10.04%
FORECLOSURE	Balance	0.00	495,000.00	0.00	18,643,056.44	19,138,056.44
	% Balance	0.00%	0.16%	0.00%	6.15%	6.31%
	# Loans	0	1	0	74	75
	% # Loans	0.00%	0.07%	0.00%	5.12%	5.19%
BANKRUPTCY	Balance	523,543.74	0.00	638,285.15	2,858,538.22	4,020,367.11
	% Balance	0.17%	0.00%	0.21%	0.94%	1.33%
	# Loans	2	0	3	13	18
	% # Loans	0.14%	0.00%	0.21%	0.90%	1.25%
REO	Balance	0.00	0.00	0.00	6,869,151.28	6,869,151.28
	% Balance	0.00%	0.00%	0.00%	2.27%	2.27%
	# Loans	0	0	0	26	26
	% # Loans	0.00%	0.00%	0.00%	1.80%	1.80%
TOTAL	Balance	523,543.74	15,494,287.17	12,142,128.25	33,133,435.88	61,293,395.04
	% Balance	0.17%	5.11%	4.00%	10.93%	20.21%
	# Loans	2	74	47	141	264
	% # Loans	0.14%	5.12%	3.25%	9.76%	18.28%

Page 12 of 28

Saxon Asset Securities Trust 2007-1



Asset Backed Certificates
Asset Backed Certificates
December 26, 2007 Distribution

REO 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 REO Property this Period:
12025005 1	180,000.00	179,321.15	01-Jan-2007	8.100%	MD - 72.58%	360	01-Dec-2006
12029471 1	229,500.00	227,180.66	01-Mar-2007	7.850%	MN - 90.00%	360	01-Nov-2006
12029512 2	486,000.00	485,019.73	01-Mar-2007	9.950%	CA - 90.00%	360	01-Jan-2007
12031217 2	475,200.00	473,424.25	01-Dec-2006	8.400%	MN - 79.88%	480	01-Nov-2006
12033243 1	188,100.00	186,553.96	01-Jun-2007	8.500%	VA - 95.00%	360	01-Dec-2006
12033577 2	136,440.00	136,239.84	01-Feb-2007	8.400%	OH - 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
12034308 1	120,000.00	119,321.27	01-Mar-2007	10.320%	GA - 80.00%	360	01-Dec-2006
12038301 2	142,500.00	141,582.81	01-Apr-2007	9.700%	AZ - 100.00%	360	01-Dec-2006
12041919 1	150,100.00	149,774.54	01-May-2007	9.990%	GA - 95.00%	360	01-Dec-2006
12045059 2	153,300.00	153,190.47	01-Feb-2007	10.250%	CA - 70.00%	360	01-Dec-2006
12045146 2	126,000.00	125,631.95	01-Jun-2007	8.990%	MO - 82.35%	360	01-Dec-2006
12046269 2	298,500.00	296,443.76	01-Mar-2007	9.500%	CA - 100.00%	360	01-Nov-2006
12049082 2	535,500.00	534,803.37	01-Apr-2007	8.500%	MA - 90.00%	360	01-Jan-2007
12049243 1	171,000.00	170,811.35	01-Mar-2007	8.925%	MN - 90.00%	360	01-Jan-2007
12053532 1	391,400.00	390,351.15	01-Mar-2007	8.990%	CA - 95.00%	360	01-Jan-2007
12057293 1	416,700.00	415,498.26	01-Feb-2007	8.425%	CO - 90.00%	360	01-Feb-2007
12058849 2	344,000.00	342,838.62	01-Mar-2007	7.875%	NV - 80.00%	360	01-Feb-2007
12062251 1	92,150.00	91,827.98	01-Feb-2007	11.750%	OH - 95.00%	360	01-Feb-2007
2000194128 2	240,000.00	240,000.00	01-Mar-2007	7.900%	CA - 80.00%	360	01-Nov-2006


TOTAL	5,430,790.00	5,414,215.12

Became REO Property in a Prior Period:
12032037 1	255,200.00	255,038.29	01-Feb-2007	10.750%	MD - 80.00%	360	01-Nov-2006
12033341 1	330,300.00	329,354.23	01-Dec-2006	9.050%	MD - 90.00%	360	01-Dec-2006
12034239 1	121,500.00	121,500.00	01-Jan-2007	9.990%	AZ - 90.00%	360	01-Dec-2006
12034985 2	512,000.00	510,320.05	01-Jan-2007	8.850%	MD - 80.00%	480	01-Nov-2006
12039070 1	134,300.00	134,194.02	01-Dec-2006	10.000%	FL - 85.00%	360	01-Dec-2006
12042660 1	62,050.00	61,761.75	01-Mar-2007	11.250%	NC - 85.00%	360	01-Dec-2006
12042742 1	119,200.00	118,200.44	01-Apr-2007	8.400%	GA - 80.00%	360	01-Dec-2006
12043946 2	204,000.00	203,788.07	01-Mar-2007	9.300%	AZ - 80.22%	360	01-Dec-2006
12044828 1	208,000.00	208,000.00	01-Mar-2007	7.500%	AZ - 80.00%	360	01-Dec-2006
12046508 1	381,500.00	378,812.89	01-Mar-2007	8.850%	MA - 70.00%	360	01-Jan-2007
12047114 2	107,100.00	106,523.06	01-Dec-2006	10.150%	MO - 90.00%	360	01-Jan-2007
12047693 2	104,000.00	103,455.49	01-Apr-2007	9.850%	MI - 80.00%	360	01-Feb-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	64,880.21	01-Dec-2006	10.250%	AZ - 68.42%	360	01-Jan-2007
12050583 1	166,250.00	165,772.26	01-Feb-2007	8.750%	GA - 95.00%	360	01-Jan-2007
12051175 1	153,000.00	153,000.00	01-Dec-2006	9.500%	MD - 90.00%	360	01-Jan-2007
12053733 1	90,640.00	90,236.34	01-May-2007	11.050%	MI - 80.00%	360	01-Jan-2007
12054535 2	307,000.00	307,000.00	01-Feb-2007	6.950%	VA - 70.97%	360	01-Feb-2007
12054790 2	112,200.00	111,655.98	01-Jan-2007	10.650%	WI - 85.00%	360	01-Jan-2007
12055490 2	429,000.00	427,529.96	01-Mar-2007	8.140%	CO - 100.00%	360	01-Jan-2007


Page 13 of 28

Saxon Asset Securities Trust 2007-1



Asset Backed Certificates
Asset Backed Certificates
December 26, 2007 Distribution

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


12056434 1	156,150.00	155,145.58	01-Feb-2007	8.850%	GA - 90.00%	360	01-Feb-2007
12056894 2	163,000.00	162,454.61	01-Mar-2007	11.950%	TX - 100.00%	360	01-Feb-2007
12058306 1	391,000.00	390,354.23	01-Apr-2007	8.900%	VA - 85.00%	360	01-Feb-2007
12058784 2	87,200.00	86,749.54	01-Apr-2007	10.350%	MI - 80.00%	360	01-Jan-2007
12060269 2	128,250.00	127,408.15	01-Mar-2007	8.750%	TN - 95.00%	360	01-Feb-2007
12061358 2	300,800.00	300,252.79	01-Apr-2007	9.990%	MD - 80.00%	360	01-Feb-2007
2000173887 2	205,200.00	203,155.29	01-May-2007	8.950%	MO - 90.00%	360	01-Aug-2006
2000194160 2	424,000.00	420,925.15	01-Jan-2007	9.500%	CA - 80.00%	360	01-Nov-2006
2000194181 2	252,000.00	249,478.13	01-Jan-2007	7.900%	GA - 70.00%	360	01-Nov-2006


TOTAL	6,199,840.00	6,176,946.51


TOTAL	11,630,630.00	11,591,161.63
TOTAL


Page 14 of 28

Saxon Asset Securities Trust 2007-1



Asset Backed Certificates
Asset Backed Certificates
December 26, 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:
11984351 2	63,920.00	62,827.04	01-Jun-2007	8.625%	OH - 80.00%	300	01-Aug-2006
12029610 2	192,000.00	191,796.74	01-Jul-2007	9.450%	MD - 80.00%	360	01-Nov-2006
12031464 1	78,750.00	78,279.20	01-Jul-2007	9.650%	TN - 75.00%	360	01-Jan-2007
12033291 2	74,000.00	73,652.59	01-Jul-2007	7.550%	FL - 72.34%	360	01-Dec-2006
12033297 1	95,000.00	94,674.42	01-Jul-2007	8.700%	FL - 52.95%	360	01-Nov-2006
12035929 2	198,000.00	197,439.01	01-Jul-2007	9.590%	IN - 90.00%	360	01-Nov-2006
12036021 1	238,500.00	235,816.69	01-Jul-2007	6.900%	MD - 83.68%	360	01-Dec-2006
12036815 1	201,000.00	199,749.00	04-Jul-2007	10.250%	MI - 75.00%	360	04-Nov-2006
12037756 1	450,000.00	446,188.63	01-Jul-2007	8.350%	HI - 72.93%	360	01-Dec-2006
12039349 1	310,000.00	309,469.03	01-Jul-2007	7.990%	CA - 80.00%	360	01-Dec-2006
12040543 2	161,100.00	160,188.40	01-Jul-2007	10.990%	TX - 79.98%	360	01-Nov-2006
12041258 1	328,000.00	327,260.35	01-Feb-2007	7.250%	CT - 80.00%	360	01-Dec-2006
12041865 1	201,500.00	201,386.45	01-Jul-2007	6.750%	RI - 62.97%	360	01-Dec-2006
12042238 1	273,600.00	273,600.00	01-Jul-2007	8.200%	MD - 95.00%	360	01-Dec-2006
12042337 2	155,500.00	155,309.55	01-Jun-2007	9.800%	FL - 62.20%	360	01-Dec-2006
12042731 1	187,500.00	186,365.83	01-Jun-2007	9.999%	SC - 100.00%	360	01-Dec-2006
12042951 2	62,000.00	61,623.27	01-Jun-2007	10.600%	WI - 80.00%	360	01-Jan-2007
12044814 1	100,000.00	99,732.83	01-Jul-2007	9.000%	OR - 57.47%	360	01-Jan-2007
12045130 2	215,010.00	213,395.62	01-Jun-2007	8.950%	GA - 90.00%	360	01-Dec-2006
12045440 2	545,000.00	542,318.26	01-Jul-2007	6.850%	HI - 74.15%	360	01-Jan-2007
12045645 1	148,000.00	146,738.94	01-Jul-2007	7.900%	CO - 80.00%	360	01-Jan-2007
12047190 1	310,000.00	309,411.44	01-Jul-2007	10.600%	OH - 100.00%	480	01-Jan-2007
12047410 2	453,387.00	450,827.00	01-Jul-2007	9.925%	FL - 95.00%	360	01-Jan-2007
12048760 1	216,000.00	215,816.64	01-Jul-2007	9.600%	VA - 90.00%	360	01-Jan-2007
12049753 2	324,000.00	323,663.95	01-Apr-2007	8.850%	MD - 88.77%	360	01-Feb-2007
12050139 2	123,000.00	122,939.15	01-Jul-2007	11.875%	MI - 100.00%	360	01-Feb-2007
12051133 2	391,000.00	390,570.39	01-Jul-2007	8.700%	MD - 89.89%	360	01-Feb-2007
12051152 1	139,460.00	139,304.06	01-Jul-2007	8.890%	GA - 95.00%	360	01-Jan-2007
12051522 1	360,000.00	359,550.05	01-Jul-2007	8.600%	CA - 100.00%	360	01-Jan-2007
12052000 2	331,200.00	328,982.88	01-Jun-2007	9.100%	MD - 90.00%	360	01-Jan-2007
12052670 1	197,200.00	195,834.85	01-Jul-2007	9.250%	MN - 85.00%	360	01-Jan-2007
12053236 1	416,500.00	413,765.82	01-Jul-2007	8.750%	CA - 85.00%	360	01-Feb-2007
12053577 2	163,000.00	163,000.00	01-Jun-2007	9.750%	TX - 100.00%	360	01-Jan-2007
12053884 1	247,000.00	246,773.36	01-Jul-2007	9.400%	AZ - 95.00%	360	01-Jan-2007
12054232 1	362,000.00	361,435.40	01-Jun-2007	10.500%	WA - 100.00%	360	01-Feb-2007
12055350 1	152,100.00	151,126.14	01-Jul-2007	8.875%	NC - 90.00%	360	01-Feb-2007
12058048 2	90,960.00	90,420.79	01-Apr-2007	9.250%	TX - 74.56%	360	01-Feb-2007
12058114 2	655,000.00	653,928.95	01-Jul-2007	7.650%	CA - 71.58%	360	01-Feb-2007
12059151 2	208,000.00	206,211.02	01-Jul-2007	8.100%	MS - 77.04%	360	01-Jan-2007
12059876 2	345,000.00	342,891.83	01-Dec-2006	9.950%	MD - 100.00%	360	01-Dec-2006
12060909 2	153,600.00	153,166.53	01-Jan-2007	8.500%	DE - 80.00%	360	01-Feb-2007
12062232 2	100,000.00	99,496.30	01-Jul-2007	10.490%	OH - 100.00%	360	01-Jan-2007
2000173752 2	263,007.00	260,143.15	01-Jul-2007	9.100%	FL - 95.00%	360	01-Jun-2006
2000173752 2	263,007.00			9.100%	FL - 95.00%


Page 15 of 28

Saxon Asset Securities Trust 2007-1



Asset Backed Certificates
Asset Backed Certificates
December 26, 2007 Distribution

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
2000173759 2
2000173759 2	165,000.00	164,606.86	01-Jul-2007	11.025%	FL - 100.00%	360	01-Jun-2006

2000194106 2	416,500.00	416,500.00	01-Jul-2007	8.600%	CA - 85.00%	360	01-Oct-2006
2000194156 2	408,000.00	406,453.43	01-May-2007	8.350%	CA - 83.27%	360	01-Nov-2006


TOTAL	11,269,294.00	11,224,631.84

Became Foreclosure Property in a Prior Period:
11996497 2	351,000.00	350,324.05	01-Mar-2007	9.800%	NY - 90.00%	360	01-Feb-2007
12021225 1	257,165.00	256,446.60	01-Apr-2007	9.400%	OH - 95.00%	360	01-Nov-2006
12022048 1	53,010.00	52,673.92	01-Apr-2007	10.150%	NC - 90.00%	360	01-Nov-2006
12023002 2	116,500.00	115,964.62	01-Apr-2007	11.300%	PA - 100.00%	360	01-Dec-2006
12026236 2	1,000,000.00	996,369.27	01-Mar-2007	8.500%	OR - 60.61%	480	01-Nov-2006
12028858 2	637,500.00	637,160.64	01-May-2007	6.550%	CA - 75.00%	360	01-Nov-2006
12029612 1	300,000.00	299,427.33	01-Jun-2007	7.700%	FL - 78.95%	360	01-Dec-2006
12029631 1	190,000.00	187,831.54	01-May-2007	7.900%	IL - 95.00%	360	01-Dec-2006
12030080 1	331,000.00	328,660.57	01-Feb-2007	9.625%	NJ - 88.98%	360	01-Nov-2006
12030697 2	135,440.00	134,685.59	01-May-2007	9.990%	WI - 80.00%	360	01-Jan-2007
12030825 2	444,000.00	441,801.10	01-Jun-2007	10.550%	MN - 35.52%	360	01-Jan-2007
12031299 1	351,000.00	349,944.83	01-Apr-2007	9.150%	CA - 90.00%	360	01-Nov-2006
12031988 2	51,000.00	50,469.01	01-Mar-2007	7.900%	OH - 75.00%	360	01-Nov-2006
12032013 2	204,000.00	203,690.36	01-Apr-2007	11.425%	AZ - 80.00%	360	01-Nov-2006
12033024 1	307,500.00	307,308.71	01-May-2007	10.600%	CA - 75.00%	360	01-Dec-2006
12033749 1	212,000.00	209,815.03	01-Mar-2007	7.750%	MN - 80.00%	360	01-Nov-2006
12034758 2	100,000.00	99,658.47	02-Apr-2007	8.450%	WI - 80.00%	360	02-Nov-2006
12034824 1	132,837.66	132,628.12	01-Feb-2007	11.300%	GA - 100.00%	360	01-Nov-2006
12034899 1	256,000.00	255,782.76	01-Jun-2007	9.600%	IL - 89.20%	360	01-Jan-2007
12035352 1	390,000.00	386,527.12	01-Jun-2007	8.100%	CA - 65.00%	360	01-Dec-2006
12035392 1	337,250.00	334,988.03	01-Jun-2007	9.500%	IL - 95.00%	360	01-Dec-2006
12035470 2	305,150.00	304,269.92	01-Apr-2007	9.025%	WA - 85.00%	360	01-Dec-2006
12035906 1	289,750.00	286,901.44	01-Apr-2007	7.990%	FL - 95.00%	360	01-Nov-2006
12036189 1	210,512.00	209,245.44	01-Dec-2006	10.400%	FL - 80.00%	360	01-Nov-2006
12036210 1	136,000.00	135,577.27	01-Jun-2007	9.100%	FL - 80.00%	480	01-Nov-2006
12036511 1	283,500.00	282,353.18	01-Feb-2007	7.850%	FL - 90.00%	360	01-Dec-2006
12036735 1	236,000.00	233,679.83	01-Apr-2007	7.990%	CA - 78.15%	360	01-Nov-2006
12037348 1	266,000.00	265,999.90	01-Apr-2007	8.306%	CA - 70.00%	360	01-Dec-2006
12037414 1	123,000.00	122,058.26	01-Apr-2007	9.100%	IL - 76.88%	360	01-Dec-2006
12038196 2	304,200.00	302,356.48	01-Mar-2007	9.990%	FL - 90.00%	360	01-Dec-2006
12038217 1	425,000.00	423,487.73	01-May-2007	8.300%	NY - 56.29%	360	01-Dec-2006
12038486 2	340,000.00	340,000.00	01-Feb-2007	10.300%	OH - 100.00%	360	01-Dec-2006
12038508 1	188,000.00	187,239.53	01-May-2007	7.850%	AZ - 80.00%	360	01-Dec-2006
12038773 2	76,000.00	74,530.88	01-Apr-2007	8.450%	OH - 80.00%	360	01-Dec-2006
12038824 2	76,500.00	75,896.00	01-Jan-2007	8.700%	OH - 85.00%	360	01-Dec-2006
12039089 1	178,500.00	177,950.22	01-May-2007	8.800%	AZ - 84.20%	360	01-Dec-2006
12039852 2	108,120.00	107,864.47	01-Jun-2007	9.700%	MO - 85.00%	360	01-Dec-2006
12040025 1	204,750.00	203,634.98	01-Jun-2007	11.200%	AL - 65.00%	360	01-Dec-2006
12040060 2	480,250.00	480,250.00	01-Jun-2007	8.990%	CA - 85.00%	360	01-Dec-2006
12040256 1	292,000.00	289,400.62	01-May-2007	8.100%	MI - 80.00%	360	01-Dec-2006
12040732 1	280,000.00	278,330.68	01-Jun-2007	6.450%	CA - 80.00%	360	01-Dec-2006


Page 16 of 28

Saxon Asset Securities Trust 2007-1



Asset Backed Certificates
Asset Backed Certificates
December 26, 2007 Distribution

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
12041164 1
12041164 1	184,450.00	182,798.93	01-May-2007	7.650%	HI - 85.00%	360	01-Jan-2007

12041225 1	175,200.00	175,200.00	01-Feb-2007	7.300%	FL - 80.00%	360	01-Jan-2007
12041446 2	74,400.00	73,940.64	01-May-2007	9.900%	OH - 80.00%	360	01-Dec-2006
12042188 1	167,200.00	166,147.46	01-Feb-2007	9.400%	GA - 95.00%	360	01-Jan-2007
12042542 2	220,500.00	219,486.10	01-Dec-2006	10.900%	FL - 70.00%	360	01-Jan-2007
12042654 2	130,560.00	129,959.64	01-May-2007	10.900%	FL - 64.00%	360	01-Jan-2007
12042804 2	90,000.00	89,437.33	01-Apr-2007	10.800%	WI - 89.11%	360	01-Dec-2006
12043144 1	143,000.00	142,727.94	01-Dec-2006	10.425%	FL - 65.00%	360	01-Dec-2006
12043202 1	205,700.00	205,700.00	01-May-2007	7.850%	MD - 89.43%	360	01-Jan-2007
12043317 2	420,000.00	420,000.00	01-Jan-2007	7.950%	NJ - 80.00%	360	01-Oct-2006
12043414 2	76,500.00	76,363.23	01-Apr-2007	10.350%	WI - 85.00%	360	01-Jan-2007
12043802 1	348,000.00	346,842.11	01-May-2007	7.850%	CA - 80.00%	360	01-Dec-2006
12044035 2	161,100.00	160,932.92	01-May-2007	8.850%	WA - 90.00%	360	01-Feb-2007
12044177 1	520,000.00	519,391.60	01-Apr-2007	8.990%	NY - 75.58%	360	01-Dec-2006
12044444 1	82,899.00	82,380.81	01-Nov-2007	9.650%	GA - 95.00%	360	01-Jan-2007
12044758 2	159,000.00	158,515.79	01-Jan-2007	8.550%	FL - 77.94%	360	01-Jan-2007
12044837 1	263,150.00	263,150.00	01-Jun-2007	8.500%	FL - 95.00%	360	01-Jan-2007
12044938 1	270,300.00	269,946.43	01-Mar-2007	8.700%	CA - 87.19%	360	01-Dec-2006
12044948 1	532,000.00	530,448.72	01-Jun-2007	8.700%	NY - 80.00%	360	01-Jan-2007
12046006 2	175,904.00	174,834.55	01-Jan-2007	10.350%	IN - 80.00%	360	01-Nov-2006
12046582 1	256,500.00	254,765.40	01-Dec-2006	9.050%	NJ - 90.00%	360	01-Jan-2007
12046695 1	350,000.00	349,505.85	01-Apr-2007	8.500%	CA - 66.67%	360	01-Dec-2006
12046735 2	140,000.00	139,662.53	01-Apr-2007	9.350%	FL - 70.00%	360	01-Jan-2007
12046743 2	135,000.00	134,564.49	01-Apr-2007	8.350%	OH - 90.00%	360	01-Jan-2007
12047404 1	114,300.00	114,201.34	01-May-2007	9.350%	WI - 90.00%	360	01-Feb-2007
12047842 2	105,600.00	104,968.73	01-May-2007	9.650%	OH - 88.00%	360	01-Jan-2007
12048421 2	76,000.00	75,545.71	01-Feb-2007	9.650%	FL - 53.90%	360	01-Jan-2007
12048540 2	182,750.00	182,030.32	01-Dec-2006	7.650%	FL - 85.00%	360	01-Jan-2007
12049127 1	106,600.00	105,983.04	01-Apr-2007	9.900%	OH - 100.00%	360	01-Jan-2007
12049345 2	148,000.00	147,698.50	01-Jun-2007	7.300%	FL - 80.00%	360	01-Jan-2007
12049444 1	399,000.00	398,672.09	01-Jun-2007	9.450%	CA - 95.00%	360	01-Feb-2007
12050461 2	104,025.00	103,356.56	01-Feb-2007	9.300%	LA - 95.00%	360	01-Jan-2007
12050497 1	352,000.00	352,000.00	01-Jun-2007	8.350%	CA - 80.00%	360	01-Jan-2007
12050632 1	430,000.00	428,676.92	01-Apr-2007	8.200%	NY - 71.67%	360	01-Feb-2007
12050923 2	280,000.00	277,684.07	01-Jun-2007	8.050%	OH - 80.00%	360	01-Jan-2007
12051120 2	495,000.00	495,000.00	01-Sep-2007	8.800%	MA - 90.00%	360	01-Jan-2007
12051170 1	209,600.00	207,781.82	01-Mar-2007	7.350%	PA - 80.00%	360	01-Feb-2007
12051204 1	79,900.00	79,805.72	01-May-2007	8.750%	NY - 100.00%	360	01-Jan-2007
12051367 2	165,600.00	165,156.24	01-Feb-2007	8.990%	WI - 90.00%	360	01-Jan-2007
12051589 1	351,500.00	350,905.20	01-Jun-2007	7.800%	CA - 95.00%	360	01-Jan-2007
12052673 1	400,500.00	400,500.00	01-May-2007	7.750%	FL - 70.26%	360	01-Feb-2007
12052744 1	215,000.00	212,739.05	01-Jun-2007	10.050%	NY - 66.15%	360	01-Jan-2007
12052917 2	476,000.00	476,000.00	01-Apr-2007	8.450%	FL - 85.00%	360	01-Feb-2007
12053301 1	66,400.00	66,074.48	01-May-2007	10.600%	OH - 80.00%	360	01-Jan-2007
12053589 1	520,000.00	519,932.40	01-Jun-2007	7.800%	NY - 80.00%	360	01-Feb-2007
12053647 1	271,000.00	270,548.56	01-May-2007	7.600%	CA - 60.22%	360	01-Feb-2007
12054133 1	96,300.00	95,718.28	01-May-2007	9.600%	WI - 90.00%	360	01-Jan-2007


Page 17 of 28

Saxon Asset Securities Trust 2007-1



Asset Backed Certificates
Asset Backed Certificates
December 26, 2007 Distribution

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
12054223 1
12054223 1	290,000.00	289,437.33	01-May-2007	7.200%	CA - 89.23%	360	01-Feb-2007

12054236 1	507,000.00	507,000.00	01-Jul-2007	9.450%	NY - 73.48%	360	01-Jan-2007
12054923 2	119,000.00	117,776.22	01-May-2007	10.625%	GA - 85.00%	360	01-Feb-2007
12055210 1	133,650.00	132,869.61	01-May-2007	9.925%	VA - 90.00%	360	01-Jan-2007
12055248 1	123,200.00	123,200.00	01-Mar-2007	7.840%	FL - 80.00%	360	01-Jan-2007
12055697 2	65,250.00	64,922.33	01-Jan-2007	10.050%	IN - 75.00%	360	01-Feb-2007
12055794 1	75,000.00	74,638.81	01-Apr-2007	10.250%	OH - 100.00%	360	01-Feb-2007
12056097 1	168,800.00	168,717.11	01-Mar-2007	10.750%	KY - 80.00%	360	01-Feb-2007
12056116 1	63,000.00	62,645.02	01-May-2007	9.500%	OH - 90.00%	360	01-Feb-2007
12056466 2	460,000.00	460,000.00	01-Jun-2007	9.350%	CA - 80.00%	360	01-Feb-2007
12057261 2	274,500.00	272,205.05	01-May-2007	8.650%	FL - 90.00%	360	01-Feb-2007
12057279 1	295,000.00	294,258.87	01-Mar-2007	8.900%	OH - 100.00%	360	01-Feb-2007
12058308 2	437,750.00	436,383.60	01-Feb-2007	8.150%	NY - 85.00%	360	01-Feb-2007
12058461 2	171,000.00	170,899.10	01-May-2007	10.290%	FL - 90.00%	360	01-Feb-2007
12059037 2	360,000.00	359,673.85	01-Mar-2007	9.200%	NV - 90.00%	360	01-Feb-2007
12060033 2	183,750.00	182,900.54	01-Feb-2007	6.750%	NJ - 75.00%	360	01-Feb-2007
12060411 2	184,000.00	182,650.63	01-Apr-2007	8.200%	FL - 78.63%	360	01-Feb-2007
12060696 2	680,000.00	679,645.34	01-Jun-2007	10.600%	CA - 87.74%	360	01-Feb-2007
12061094 1	139,950.00	139,012.46	01-Jan-2007	8.650%	IL - 90.00%	360	01-Feb-2007
12061462 2	224,000.00	222,777.41	01-Apr-2007	9.650%	FL - 80.00%	360	01-Feb-2007
2000173850 2	288,000.00	284,828.52	01-Mar-2007	8.650%	OK - 90.00%	360	01-Aug-2006
2000176352 2	501,300.00	498,612.93	01-Feb-2007	7.850%	NV - 90.00%	360	01-Aug-2006
2000194089 2	452,000.00	452,000.00	01-Apr-2007	6.750%	CA - 80.00%	360	01-Jun-2006


TOTAL	28,083,022.66	27,987,920.73


TOTAL	39,352,316.66	39,212,552.57
TOTAL


Page 18 of 28

Saxon Asset Securities Trust 2007-1



Asset Backed Certificates
Asset Backed Certificates
December 26, 2007 Distribution

Prepayment Report

VOLUNTARY PREPAYMENTS
VOLUNTARY PREPAYMENTS

		Group 2	Group 1	Total


Current


Number of Paid in Full Loans	21	11	32
Number of Repurchased Loans	0	0	0
Total Number of Loans Prepaid in Full	21	11	32
Curtailments Amount	10,292.35	5,100.67	15,393.02
Paid in Full Balance	4,992,443.02	2,036,419.58	7,028,862.60
Repurchased Loans Balance	0.00	0.00	0.00
Total Prepayment Amount	5,002,735.37	2,041,520.25	7,044,255.62
Cumulative


Number of Paid in Full Loans	177	168	345
Number of Repurchased Loans	0	0	0
Total Number of Loans Prepaid in Full	177	168	345
Paid in Full Balance	38,519,664.24	30,972,009.31	69,491,673.55
Repurchased Loans Balance	0.00	0.00	0.00
Curtailments Amount	103,794.42	(131,671.13)	(27,876.71)
Total Prepayment Amount	38,623,458.66	30,840,338.18	69,463,796.84

Page 19 of 28

Saxon Asset Securities Trust 2007-1



Asset Backed Certificates
Asset Backed Certificates
December 26, 2007 Distribution


PREPAYMENTS RATES



		Group 2	Group 1	Total





SMM	1.69%	1.00%	1.38%
3 Months Avg SMM	1.24%	1.30%	1.26%
12 Months Avg SMM	1.21%	1.21%	1.21%
Avg SMM Since Cut-off	1.21%	1.21%	1.21%



CPR	18.54%	11.35%	15.40%
3 Months Avg CPR	13.86%	14.50%	14.15%
12 Months Avg CPR	13.61%	13.61%	13.61%
Avg CPR Since Cut-off	13.61%	13.61%	13.61%



PSA	749.51%	459.15%	622.90%
3 Months Avg PSA Approximation	609.91%	638.20%	622.60%
12 Months Avg PSA Approximation	866.48%	865.12%	865.87%
Avg PSA Since Cut-off Approximation	866.48%	865.11%	865.86%

Page 20 of 28

Saxon Asset Securities Trust 2007-1

Asset Backed Certificates

December 26, 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 21 of 28

Saxon Asset Securities Trust 2007-1



Asset Backed Certificates
Asset Backed Certificates
December 26, 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

12025399 1		96,500.00	96,165.41	04-Dec-2007	8.400%	WA - 57.00%	Paid Off - 360	01-Nov-2006
12025399 1		96,500.00	96,165.41	04-Dec-2007	8.400%	WA - 57.00%	Paid Off - 360	01-Nov-2006
12028571 1		100,000.00	99,135.93	05-Dec-2007	8.250%	PA - 40.00%	Paid Off - 360	01-Nov-2006
12037914 1		230,000.00	229,403.20	29-Nov-2007	9.100%	NH - 64.79%	Paid Off - 360	01-Dec-2006
12039465 2		196,000.00	194,473.07	20-Nov-2007	8.350%	MD - 39.20%	Paid Off - 360	01-Dec-2006
12041007 1		185,250.00	185,086.42	06-Dec-2007	9.500%	AZ - 75.00%	Paid Off - 360	01-Dec-2006
12041697 2		117,200.00	116,672.55	03-Dec-2007	11.650%	WI - 100.00%	Paid Off - 360	01-Dec-2006
12041732 1		220,000.00	219,451.90	20-Nov-2007	6.750%	CA - 25.97%	Paid Off - 360	01-Dec-2006
12042018 2		457,000.00	453,144.35	12-Dec-2007	7.950%	AZ - 89.96%	Paid Off - 360	01-Dec-2006
12043031 1		112,000.00	111,742.30	14-Dec-2007	9.200%	GA - 84.85%	Paid Off - 360	01-Jan-2007
12043108 2		400,000.00	398,815.26	29-Nov-2007	7.990%	NY - 100.00%	Paid Off - 360	01-Feb-2007
12044294 1		209,000.00	209,000.00	05-Dec-2007	6.300%	MD - 73.33%	Paid Off - 360	01-Dec-2006
12045399 1		130,625.00	129,915.78	05-Dec-2007	9.675%	WI - 95.00%	Paid Off - 360	01-Jan-2007
12046622 1		205,000.00	204,564.06	26-Nov-2007	7.400%	CA - 40.20%	Paid Off - 360	01-Jan-2007
12046765 2		153,000.00	152,043.53	12-Dec-2007	8.990%	IL - 90.00%	Paid Off - 360	01-Jan-2007
12048320 2		212,000.00	211,305.84	04-Dec-2007	7.990%	MD - 51.71%	Paid Off - 360	01-Jan-2007
12048369 2	FCL	250,000.00	249,107.23	04-Dec-2007	11.650%	HI - 52.08%	Paid Off - 360	01-Jan-2007
12050178 2		275,570.00	274,773.41	27-Nov-2007	8.450%	MD - 85.00%	Paid Off - 360	01-Jan-2007
12051006 2		102,000.00	101,810.04	07-Dec-2007	7.300%	NM - 72.86%	Paid Off - 360	01-Jan-2007
12051328 2		250,000.00	249,074.72	28-Nov-2007	7.550%	CA - 43.86%	Paid Off - 360	01-Jan-2007
12051853 2		495,000.00	495,000.00	04-Dec-2007	8.500%	MD - 90.00%	Paid Off - 360	01-Jan-2007
12052454 2		189,000.00	187,751.11	10-Dec-2007	8.950%	MD - 66.32%	Paid Off - 360	01-Jan-2007
12052481 2		81,970.00	81,247.91	26-Nov-2007	7.990%	WI - 70.00%	Paid Off - 360	01-Jan-2007
12052700 2		168,300.00	167,387.25	28-Nov-2007	9.200%	SC - 90.00%	Paid Off - 360	01-Feb-2007
12053107 1		327,600.00	327,600.00	21-Nov-2007	7.300%	MD - 90.00%	Paid Off - 360	01-Jan-2007
12054150 2		187,000.00	185,782.25	05-Dec-2007	8.300%	PA - 85.00%	Paid Off - 360	01-Feb-2007
12054389 2		100,000.00	95,065.60	05-Dec-2007	8.550%	GA - 52.30%	Paid Off - 360	01-Feb-2007
12055635 2		281,000.00	281,000.00	05-Dec-2007	6.200%	CA - 49.30%	Paid Off - 360	01-Jan-2007
12056829 2		162,000.00	161,042.32	04-Dec-2007	8.800%	GA - 87.57%	Paid Off - 360	01-Feb-2007
12057961 2		210,000.00	208,198.27	21-Nov-2007	6.900%	MD - 60.00%	Paid Off - 360	01-Feb-2007
12058212 1		225,000.00	224,354.58	11-Dec-2007	8.300%	MD - 68.18%	Paid Off - 360	01-Feb-2007
12059004 2		519,650.00	518,723.21	10-Dec-2007	7.150%	VA - 93.80%	Paid Off - 360	01-Feb-2007
12060882 2		211,000.00	210,025.10	13-Dec-2007	6.650%	DC - 54.10%	Paid Off - 360	01-Feb-2007


TOTAL	7,058,665.00	7,028,862.60

Page 22 of 28

Saxon Asset Securities Trust 2007-1



Asset Backed Certificates
Asset Backed Certificates
December 26, 2007 Distribution

Realized Loss Report

COLLATERAL REALIZED LOSSES



	Group 2	Group 1	Total


Current





Number of Loans Liquidated	2	2	4
Subsequent Recoveries	0.00	0.00	0.00
Collateral Principal Realized Loss/(Gain) Amount	223,797.10	30,631.73	254,428.83
Collateral Interest Realized Loss/(Gain) Amount	22,790.47	0.00	22,790.47
Net Liquidation Proceeds	(22,790.47)	406,418.90	383,628.43
Cumulative
Cumulative



Number of Loans Liquidated	7	7	14
Collateral Realized Loss/(Gain) Amount	573,495.03	224,843.11	798,338.14
Net Liquidation Proceeds	190,533.55	842,142.82	1,032,676.37
Subsequent Recoveries	0.00	0.00	0.00

Page 23 of 28

Saxon Asset Securities Trust 2007-1



Asset Backed Certificates
Asset Backed Certificates
December 26, 2007 Distribution


DEFAULT SPEEDS

	Group 2	Group 1	Total




MDR	0.07%	0.18%	0.12%
3 Months Avg MDR	0.05%	0.14%	0.09%
12 Months Avg MDR	0.02%	0.04%	0.03%
Avg MDR Since Cut-off	0.02%	0.04%	0.03%


CDR	0.87%	2.09%	1.42%
3 Months Avg CDR	0.56%	1.68%	1.06%
12 Months Avg CDR	0.29%	0.51%	0.39%
Avg CDR Since Cut-off	0.29%	0.51%	0.39%


SDA	350.42%	846.56%	572.21%
3 Months Avg SDA Approximation	247.63%	738.70%	467.79%
12 Months Avg SDA Approximation	184.24%	321.85%	245.96%
Avg SDA Since Cut-off Approximation	184.26%	321.81%	245.92%


Loss Severity Approximation for Current Period	100.00%	7.01%	38.50%
3 Months Avg Loss Severity Approximation	100.00%	19.86%	43.24%
12 Months Avg Loss Severity Approximation	69.53%	19.86%	40.59%
Avg Loss Severity Approximation Since Cut-off	69.53%	19.86%	40.59%

Page 24 of 28

Saxon Asset Securities Trust 2007-1

Asset Backed Certificates

December 26, 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.

Charged off or Partially Charged off Loans assumed to have a minimum 100% Loss Severity Percentage.

Page 25 of 28

Saxon Asset Securities Trust 2007-1

Asset Backed Certificates

December 26, 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)

12044123 1

8.350%

CA - 76.92%

360

149,811.59

30,631.73

12045568 1

9.038%

GA - 72.00%

360

287,239.04

0.00

12033877 2

REO

11.650%

CT - 20.00%

240

138,057.38

152,557.16

12058840 2

REO

11.950%

NV - 20.00%

240

85,739.72

94,030.41

TOTAL

660,847.73

277,219.30

Page 26 of 28

Saxon Asset Securities Trust 2007-1

Asset Backed Certificates

December 26, 2007 Distribution

Triggers and Adj. Cert. Report

TRIGGER EVENTS

Group 2

Group 1

Total

Does a Trigger Event Exist?

Has Stepdown Date been reached?

Does a Delinquency Trigger Event Exist?

Yes

Does a Loss Trigger Event Exist?

Rolling three months average

72,658,965.39

Ending Collateral Balance

548,869,338.02

Delinquency Percentage

13.2400%

Senior Enhancement Percentage

28.178955%

Cumulative Loss Percentage

0.11945105%

ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK

ADDITIONAL INFORMATION

Group 2

Group 1

Total

Libor For Current Period

4.783130%

Libor For Next Period

4.865000%

Page 27 of 28

Saxon Asset Securities Trust 2007-1



Asset Backed Certificates
Asset Backed Certificates
December 26, 2007 Distribution

Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

		NET WAC Shortfall Prior (1)	Interest on Prior SF(2)	Curr NET WAC SF (3)	Total NET WAC SF (1+2+3)	NET WAC Shortfall Paid	NET WAC Shortfall UnPaid


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






Page 28 of 28

Saxon Asset Securities Trust 2007-1 10-D