Saxon Asset Securities Trust 2007-3

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

Morgan Stanley

9. Prepayment Detail Report

10. Realized Loss Report

Swap Counterparty

11. Realized Loss Detail Report

MorganStanleyCapitalSrv Inc

12. Triggers and Adj. Cert. Report

13. Additional Certificate Report

Total Number of Pages

Dates

Contacts

Cut-Off Date:

July 01, 2007

Alice Tatusian

Close Date:

August 03, 2007

Administrator

First Distribution Date:

August 27, 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:

November 30, 2007

Factor Information:

(800) 735-7777

December 24, 2007

Main Phone Number:

(714) 247-6000

December 26, 2007

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

Page 1 of 29

Saxon Asset Securities Trust 2007-3



Asset Backed Certificates
Asset Backed Certificates
December 26, 2007 Distribution

Certificate Payment Report
Current Period Distribution - REMIC III
			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)
1-A	SR	569,917,000.00	551,739,847.45	2,341,735.64	7,648,785.27	9,990,520.91	0.00	0.00	544,091,062.18
1-A	SR	569,917,000.00	551,739,847.45	2,341,735.64	7,648,785.27	9,990,520.91	0.00	0.00	544,091,062.18
2-A1	SR	241,270,000.00	226,923,800.99	945,860.92	2,960,854.38	3,906,715.30	0.00	0.00	223,962,946.61
2-A2	SR	64,750,000.00	64,750,000.00	275,284.56	0.00	275,284.56	0.00	0.00	64,750,000.00
2-A3	SR	84,130,000.00	84,130,000.00	363,285.81	0.00	363,285.81	0.00	0.00	84,130,000.00
2-A4	SR	27,578,000.00	27,578,000.00	121,153.70	0.00	121,153.70	0.00	0.00	27,578,000.00
1-M1	SUB	36,690,000.00	36,690,000.00	170,704.20	0.00	170,704.20	0.00	0.00	36,690,000.00
2-M1	SUB	26,892,000.00	26,892,000.00	125,085.30	0.00	125,085.30	0.00	0.00	26,892,000.00
1-M2	SUB	33,021,000.00	33,021,000.00	156,385.53	0.00	156,385.53	0.00	0.00	33,021,000.00
2-M2	SUB	24,203,000.00	24,203,000.00	114,594.09	0.00	114,594.09	0.00	0.00	24,203,000.00
1-M3	SUB	21,198,000.00	21,198,000.00	103,042.24	0.00	103,042.24	0.00	0.00	21,198,000.00
2-M3	SUB	15,538,000.00	15,538,000.00	76,156.86	0.00	76,156.86	0.00	0.00	15,538,000.00
1-M4	SUB	17,937,000.00	17,937,000.00	97,653.96	0.00	97,653.96	0.00	0.00	17,937,000.00
2-M4	SUB	13,148,000.00	13,148,000.00	71,562.65	0.00	71,562.65	0.00	0.00	13,148,000.00
1-M5	SUB	17,937,000.00	17,937,000.00	101,390.84	0.00	101,390.84	0.00	0.00	17,937,000.00
2-M5	SUB	13,148,000.00	13,148,000.00	74,848.80	0.00	74,848.80	0.00	0.00	13,148,000.00
1-M6	SUB	16,307,000.00	16,307,000.00	95,574.38	0.00	95,574.38	0.00	0.00	16,307,000.00
2-M6	SUB	11,952,000.00	11,952,000.00	70,031.70	0.00	70,031.70	0.00	0.00	11,952,000.00
B-1	SUB	28,259,000.00	28,259,000.00	165,581.14	0.00	165,581.14	0.00	0.00	28,259,000.00
B-2	SUB	24,020,000.00	24,020,000.00	140,743.09	0.00	140,743.09	0.00	0.00	24,020,000.00
B-3	SUB	23,313,000.00	23,313,000.00	136,600.49	0.00	136,600.49	0.00	0.00	23,313,000.00
R	NOF/RES	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OC	NOF	101,732,626.93	101,731,726.34	2,850,125.10	0.00	2,850,125.10	0.00	0.00	101,731,726.34
P	NOF	0.00	0.00	89,652.98	0.00	89,652.98	0.00	0.00	0.00
L-IO	NOF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00


Total		1,412,940,626.93	1,380,416,374.78	8,687,053.98	10,609,639.65	19,296,693.63	0.00	0.00	1,369,806,735.13
Total





Page 2 of 29

Saxon Asset Securities Trust 2007-3



Asset Backed Certificates
Asset Backed Certificates
December 26, 2007 Distribution


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)

1-A	11/26/07	12/25/07	A-Act/360	80557BAA2	569,917,000.00	968.105614	4.108906	13.420876	17.529782	954.684739
1-A	11/26/07	12/25/07	A-Act/360	80557BAA2	569,917,000.00	968.105614	4.108906	13.420876	17.529782	954.684739
2-A1	11/26/07	12/25/07	A-Act/360	80557BAB0	241,270,000.00	940.538820	3.920342	12.271954	16.192296	928.266865
2-A2	11/26/07	12/25/07	A-Act/360	80557BAC8	64,750,000.00	1,000.000000	4.251499	0.000000	4.251499	1,000.000000
2-A3	11/26/07	12/25/07	A-Act/360	80557BAD6	84,130,000.00	1,000.000000	4.318148	0.000000	4.318148	1,000.000000
2-A4	11/26/07	12/25/07	A-Act/360	80557BAE4	27,578,000.00	1,000.000000	4.393129	0.000000	4.393129	1,000.000000
1-M1	11/26/07	12/25/07	A-Act/360	80557BAF1	36,690,000.00	1,000.000000	4.652608	0.000000	4.652608	1,000.000000
2-M1	11/26/07	12/25/07	A-Act/360	80557BAG9	26,892,000.00	1,000.000000	4.651394	0.000000	4.651394	1,000.000000
1-M2	11/26/07	12/25/07	A-Act/360	80557BAH7	33,021,000.00	1,000.000000	4.735942	0.000000	4.735942	1,000.000000
2-M2	11/26/07	12/25/07	A-Act/360	80557BAJ3	24,203,000.00	1,000.000000	4.734706	0.000000	4.734706	1,000.000000
1-M3	11/26/07	12/25/07	A-Act/360	80557BAK0	21,198,000.00	1,000.000000	4.860942	0.000000	4.860942	1,000.000000
2-M3	11/26/07	12/25/07	A-Act/360	80557BAL8	15,538,000.00	1,000.000000	4.901330	0.000000	4.901330	1,000.000000
1-M4	11/26/07	12/25/07	A-Act/360	80557BAM6	17,937,000.00	1,000.000000	5.444275	0.000000	5.444275	1,000.000000
2-M4	11/26/07	12/25/07	A-Act/360	80557BAN4	13,148,000.00	1,000.000000	5.442854	0.000000	5.442854	1,000.000000
1-M5	11/26/07	12/25/07	A-Act/360	80557BAP9	17,937,000.00	1,000.000000	5.652609	0.000000	5.652609	1,000.000000
2-M5	11/26/07	12/25/07	A-Act/360	80557BAQ7	13,148,000.00	1,000.000000	5.692790	0.000000	5.692790	1,000.000000
1-M6	11/26/07	12/25/07	A-Act/360	80557BAR5	16,307,000.00	1,000.000000	5.860942	0.000000	5.860942	1,000.000000
2-M6	11/26/07	12/25/07	A-Act/360	80557BAS3	11,952,000.00	1,000.000000	5.859413	0.000000	5.859413	1,000.000000
B-1	11/26/07	12/25/07	A-Act/360	80557BAT1	28,259,000.00	1,000.000000	5.859413	0.000000	5.859413	1,000.000000
B-2	11/26/07	12/25/07	A-Act/360	80557BAU8	24,020,000.00	1,000.000000	5.859413	0.000000	5.859413	1,000.000000
B-3	11/26/07	12/25/07	A-Act/360	80557BAV6	23,313,000.00	1,000.000000	5.859413	0.000000	5.859413	1,000.000000
R	11/26/07	12/25/07	A-Act/360		0.00	0.000000	0.000000	0.000000	0.000000	0.000000
OC	11/26/07	12/25/07	A-Act/360		101,732,626.93	999.991147	28.015841	0.000000	28.015841	999.991147
P	11/26/07	12/25/07	A-Act/360		1,000.00	1,000.000000	89,652.980000	0.000000	89,652.980000	1,000.000000
L-IO	11/26/07	12/25/07	A-30/360		10,000.00	1,000.000000	0.000000	0.000000	0.000000	1,000.000000




Page 3 of 29

Saxon Asset Securities Trust 2007-3



Asset Backed Certificates
Asset Backed Certificates
December 26, 2007 Distribution


Distribution to Date - REMIC III
									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)
1-A	569,917,000.00	12,262,857.97	24,170,805.31	1,655,131.31	25,825,936.62	38,088,794.59	0.00	0.00	544,091,062.18
2-A1	241,270,000.00	5,033,494.58	16,499,740.97	807,312.42	17,307,053.39	22,340,547.97	0.00	0.00	223,962,946.61
2-A2	64,750,000.00	1,415,896.27	0.00	0.00	0.00	1,415,896.27	0.00	0.00	64,750,000.00
2-A3	84,130,000.00	1,866,788.23	0.00	0.00	0.00	1,866,788.23	0.00	0.00	84,130,000.00
2-A4	27,578,000.00	621,933.79	0.00	0.00	0.00	621,933.79	0.00	0.00	27,578,000.00
1-M1	36,690,000.00	873,247.36	807,312.42	(807,312.42)	0.00	873,247.36	0.00	0.00	36,690,000.00
2-M1	26,892,000.00	640,039.09	1,655,131.31	(1,655,131.31)	0.00	640,039.09	0.00	0.00	26,892,000.00
1-M2	33,021,000.00	799,222.24	0.00	0.00	0.00	799,222.24	0.00	0.00	33,021,000.00
2-M2	24,203,000.00	585,787.85	0.00	0.00	0.00	585,787.85	0.00	0.00	24,203,000.00
1-M3	21,198,000.00	525,871.44	0.00	0.00	0.00	525,871.44	0.00	0.00	21,198,000.00
2-M3	15,538,000.00	388,583.96	0.00	0.00	0.00	388,583.96	0.00	0.00	15,538,000.00
1-M4	17,937,000.00	495,544.31	0.00	0.00	0.00	495,544.31	0.00	0.00	17,937,000.00
2-M4	13,148,000.00	363,233.68	0.00	0.00	0.00	363,233.68	0.00	0.00	13,148,000.00
1-M5	17,937,000.00	513,605.18	0.00	0.00	0.00	513,605.18	0.00	0.00	17,937,000.00
2-M5	13,148,000.00	379,120.00	0.00	0.00	0.00	379,120.00	0.00	0.00	13,148,000.00
1-M6	16,307,000.00	483,351.64	0.00	0.00	0.00	483,351.64	0.00	0.00	16,307,000.00
2-M6	11,952,000.00	354,261.05	0.00	0.00	0.00	354,261.05	0.00	0.00	11,952,000.00
B-1	28,259,000.00	837,574.61	0.00	0.00	0.00	837,574.61	0.00	0.00	28,259,000.00
B-2	24,020,000.00	711,933.96	0.00	0.00	0.00	711,933.96	0.00	0.00	24,020,000.00
B-3	23,313,000.00	690,979.05	0.00	0.00	0.00	690,979.05	0.00	0.00	23,313,000.00
R	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OC	101,732,626.93	14,781,864.39	0.00	0.00	900.59	14,782,764.98	0.00	0.00	101,731,726.34
P	0.00	243,939.16	0.00	0.00	0.00	243,939.16	0.00	0.00	0.00
L-IO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Total	1,412,940,626.93	44,869,129.81	43,132,990.01	0.00	43,133,890.60	88,003,020.41	0.00	0.00	1,369,806,735.13




Page 4 of 29

Saxon Asset Securities Trust 2007-3



Asset Backed Certificates
Asset Backed Certificates
December 26, 2007 Distribution


Interest Detail - REMIC III
	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)
1-A	5.09313%	551,739,847.45	2,341,735.64	0.00	0.00	0.00	2,341,735.64	2,341,735.64	0.00
2-A1	5.00313%	226,923,800.99	946,107.73	246.81	0.00	0.00	945,860.92	945,860.92	0.00
2-A2	5.10313%	64,750,000.00	275,356.39	71.83	0.00	0.00	275,284.56	275,284.56	0.00
2-A3	5.18313%	84,130,000.00	363,380.61	94.80	0.00	0.00	363,285.81	363,285.81	0.00
2-A4	5.27313%	27,578,000.00	121,185.32	31.61	0.00	0.00	121,153.71	121,153.70	0.00
1-M1	5.58313%	36,690,000.00	170,704.20	0.00	0.00	0.00	170,704.20	170,704.20	0.00
2-M1	5.58313%	26,892,000.00	125,117.94	32.64	0.00	0.00	125,085.30	125,085.30	0.00
1-M2	5.68313%	33,021,000.00	156,385.53	0.00	0.00	0.00	156,385.53	156,385.53	0.00
2-M2	5.68313%	24,203,000.00	114,624.00	29.90	0.00	0.00	114,594.10	114,594.09	0.00
1-M3	5.83313%	21,198,000.00	103,042.24	0.00	0.00	0.00	103,042.24	103,042.24	0.00
2-M3	5.88313%	15,538,000.00	76,176.73	19.87	0.00	0.00	76,156.86	76,156.86	0.00
1-M4	6.53313%	17,937,000.00	97,653.96	0.00	0.00	0.00	97,653.96	97,653.96	0.00
2-M4	6.53313%	13,148,000.00	71,581.33	18.67	0.00	0.00	71,562.66	71,562.65	0.00
1-M5	6.78313%	17,937,000.00	101,390.84	0.00	0.00	0.00	101,390.84	101,390.84	0.00
2-M5	6.83313%	13,148,000.00	74,868.33	19.53	0.00	0.00	74,848.80	74,848.80	0.00
1-M6	7.03313%	16,307,000.00	95,574.38	0.00	0.00	0.00	95,574.38	95,574.38	0.00
2-M6	7.03313%	11,952,000.00	70,049.97	18.27	0.00	0.00	70,031.70	70,031.70	0.00
B-1	7.03313%	28,259,000.00	165,624.35	43.21	0.00	0.00	165,581.14	165,581.14	0.00
B-2	7.03313%	24,020,000.00	140,779.82	36.73	0.00	0.00	140,743.09	140,743.09	0.00
B-3	7.03313%	23,313,000.00	136,636.13	35.64	0.00	0.00	136,600.49	136,600.49	0.00
R	0.00000%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OC	33.61931%	101,731,726.34	0.00	0.00	0.00	0.00	0.00	2,850,125.10	0.00
P	0.00000%	1,000.00	0.00	0.00	0.00	0.00	0.00	89,652.98	0.00
L-IO	0.00000%	10,000.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00


Total		1,380,427,374.78	5,747,975.44	699.51	0.00	0.00	5,747,275.93	8,687,053.98	0.00



Page 5 of 29

Saxon Asset Securities Trust 2007-3



Asset Backed Certificates
Asset Backed Certificates
December 26, 2007 Distribution

Collection Account Report
SUMMARY

	Group 2	Group 1	Total
Principal Collections	2,957,994.73	7,641,396.72	10,599,391.45
Principal Withrawals	0.00	0.00	0.00
Principal Other Accounts	0.00	0.00	0.00
TOTAL NET PRINCIPAL	2,957,994.73	7,641,396.72	10,599,391.45
Interest Collections	4,056,499.48	5,447,423.87	9,503,923.34
Interest Withdrawals	-0.00	-0.00	-0.00
Interest Other Accounts	20,938.28	68,714.70	(443,032.70)
Interest Fees	-142,568.34	-221,021.33	-363,589.67
TOTAL NET INTEREST	3,934,869.42	5,295,117.24	8,697,300.97
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION	6,892,864.15	12,936,513.96	19,296,692.42




PRINCIPAL - COLLECTIONS

	Group 2	Group 1	Total
Scheduled Principal Received	167,342.03	333,910.23	501,252.26
Curtailments	23,371.11	148,616.72	171,987.83
Prepayments In Full	2,767,281.59	7,032,041.60	9,799,323.19
Repurchased/Substitutions	0.00	0.00	0.00
Liquidations	0.00	137,075.17	137,075.17
Other Additional Principal	0.00	0.00	0.00
Delinquent Principal	-67,437.70	-105,150.47	-172,588.17
Realized Losses	-0.00	-10,247.00	-10,247.00
Advanced Principal	67,437.70	105,150.47	172,588.17
TOTAL PRINCIPAL COLLECTED	2,957,994.73	7,641,396.72	10,599,391.45




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 6 of 29

Saxon Asset Securities Trust 2007-3



Asset Backed Certificates
Asset Backed Certificates
December 26, 2007 Distribution


INTEREST - COLLECTIONS

	Group 2	Group 1	Total
Scheduled Interest	4,158,871.35	5,559,257.40	9,718,128.75
Repurchased/Substitution Interest	0.00	0.00	0.00
Liquidation Interest	0.00	953.81	953.81
Other Additional Interest	0.00	0.00	0.00
Prepayment Interest Shortfalls	-888.37	-4,634.14	-5,522.51
Delinquent Interest	-1,800,732.96	-1,955,211.63	-3,755,944.59
Compensating Interest	888.36	4,634.14	5,522.50
Civil Relief Act Shortfalls	-699.52	-0.00	-699.52
Interest Advanced	1,699,060.61	1,842,424.28	3,541,484.89
TOTAL INTEREST COLLECTED	4,056,499.48	5,447,423.87	9,503,923.34




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
Modification Loss	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	20,938.28	68,714.70	89,652.98

Payments to and from the Swap Account			(532,685.68)
Swap Receipt			4,545,030.85
Swap Payment			(5,077,716.53)

Swap Termination Payment			0.00


Inflow from Reserve Fund/Interest Earnings			0.00
Inflow from Supp Int Trust/Interest Earnings			0.00

TOTAL INTEREST OTHER ACCOUNTS	20,938.28	68,714.70	(443,032.70)



INTEREST FEES
INTEREST FEES
	Group 2	Group 1	Total
Current Servicing Fees	141,353.21	219,360.59	360,713.80
Trustee Fees	1,215.13	1,660.74	2,875.87
TOTAL INTEREST FEES	142,568.34	221,021.33	363,589.67



Page 7 of 29

Saxon Asset Securities Trust 2007-3

Asset Backed Certificates

December 26, 2007 Distribution

Credit Enhancement Report

ACCOUNTS

Distribution Account

Beginning Balance

0.00

Amount Deposited

19,832,953.49

Amount Withdrawn

(19,832,953.49)

Ending Balance

0.00

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

532,685.68

Amount Withdrawn

(532,685.68)

Ending Balance

0.00

INSURANCE

SPACE INTENTIONALLY LEFT BLANK

STRUCTURAL FEATURES

Group 2

Group 1

Total

Extra Principal Distribution Amount

10,247.00

Overcollateralization Amount

101,731,725.14

Overcollateralization Target Amount

101,731,725.14

Overcollateralization Deficiency Amount

0.00

Overcollateralization Release Amount

0.00

Page 8 of 29

Saxon Asset Securities Trust 2007-3



Asset Backed Certificates
Asset Backed Certificates
December 26, 2007 Distribution

Collateral Report


COLLATERAL



		Group 2	Group 1	Total



Loan Count:
Loan Count:


Original	1,585	3,873	5,458
Prior	1,549	3,790	5,339
Prefunding	0	0	0
Scheduled Paid Offs	-0	-0	-0
Full Voluntary Prepayments	-10	-36	-46
Repurchases	-0	-0	-0
Liquidations	-0	-1	-1
Current	1,539	3,753	5,292
Principal Balance:


Original	597,607,860.07	815,332,765.66	1,412,940,625.73
Prior	583,261,330.84	797,155,042.74	1,380,416,373.58
Prefunding	0.00	0.00	0.00
Scheduled Principal	-167,342.03	-333,910.23	-501,252.26
Partial Prepayments	-23,371.11	-148,616.72	-171,987.83
Full Voluntary Prepayments	-2,767,281.59	-7,032,041.60	-9,799,323.19
Repurchases	-0.00	-0.00	-0.00
Liquidations	-0.00	-137,075.17	-137,075.17
Current	580,303,336.11	789,503,399.02	1,369,806,735.13





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK

Page 9 of 29

Saxon Asset Securities Trust 2007-3



Asset Backed Certificates
Asset Backed Certificates
December 26, 2007 Distribution


CHARACTERISTICS
CHARACTERISTICS

	Group 2	Group 1	Total
Weighted Average Coupon Original	7.38856%	8.09577%	7.79665%
Weighted Average Coupon Prior	8.55742%	8.37294%	8.45083%
Weighted Average Coupon Current	8.55645%	8.37003%	8.44879%
Weighted Average Months to Maturity Original	359	359	359
Weighted Average Months to Maturity Prior	356	356	356
Weighted Average Months to Maturity Current	355	355	355
Weighted Avg Remaining Amortization Term Original	410	406	408
Weighted Avg Remaining Amortization Term Prior	408	403	405
Weighted Avg Remaining Amortization Term Current	407	402	404
Weighted Average Seasoning Original	2.34	2.21	2.26
Weighted Average Seasoning Prior	5.20	5.17	5.19
Weighted Average Seasoning Current	6.21	6.17	6.19

Page 10 of 29

Saxon Asset Securities Trust 2007-3



Asset Backed Certificates
Asset Backed Certificates
December 26, 2007 Distribution


ARM CHARACTERISTICS
ARM CHARACTERISTICS

	Group 2	Group 1	Total
Weighted Average Margin Original	6.28220%	6.06182%	6.17006%
Weighted Average Margin Prior	6.28860%	6.06412%	6.17414%
Weighted Average Margin Current	6.29137%	6.06548%	6.17628%
Weighted Average Max Rate Original	14.65980%	14.51403%	14.58563%
Weighted Average Max Rate Prior	14.65279%	14.50423%	14.57704%
Weighted Average Max Rate Current	14.65168%	14.50067%	14.57474%
Weighted Average Min Rate Original	6.53618%	6.16168%	6.34562%
Weighted Average Min Rate Prior	6.54286%	6.16395%	6.34965%
Weighted Average Min Rate Current	6.54631%	6.16565%	6.35237%
Weighted Average Cap Up Original	1.00204%	1.00183%	1.00193%
Weighted Average Cap Up Prior	1.00208%	1.00185%	1.00196%
Weighted Average Cap Up Current	1.00209%	1.00187%	1.00198%
Weighted Average Cap Down Original	1.00204%	1.00183%	1.00193%
Weighted Average Cap Down Prior	1.00208%	1.00185%	1.00196%
Weighted Average Cap Down Current	1.00209%	1.00187%	1.00198%




SERVICING FEES & ADVANCES
SERVICING FEES & ADVANCES

	Group 2	Group 1	Total




Current Servicing Fees	141,353.21	219,360.59	360,713.80
Delinquent Servicing Fees	101,672.35	112,787.34	214,459.69
TOTAL SERVICING FEES	243,025.55	332,147.93	575,173.49


Servicing Fees	243,025.55	332,147.93	575,173.49
Compensating Interest	-888.36	-4,634.14	-5,522.50
Delinquent Servicing Fees	-101,672.35	-112,787.34	-214,459.69
COLLECTED SERVICING FEES	141,679.98	216,387.20	358,067.18


Total Advanced Interest	1,699,060.61	1,842,424.28	3,541,484.89
Total Advanced Principal	67,437.70	105,150.47	172,588.17
TOTAL ADVANCES FOR CURRENT PERIOD	240,054.08	636,349.71	3,714,073.06





ADDITIONAL COLLATERAL INFORMATION
ADDITIONAL COLLATERAL INFORMATION
	Group 2	Group 1	Total
Prepayment Interest Shortfall (PPIS)	888.37	4,634.14	5,522.51
Compensating Interest	(888.36)	(4,634.14)	(5,522.50)
Net Prepayment Interest Shortfall (PPIS)	0.00	0.00	0.00

Net Mortgage Rate	8.053949%	7.867582%	7.946327%
Net WAC Cap	7.590883%	7.404517%	7.483262%

Balance of Loans that adjust based on 6mo LIBOR	473,860,091.63	489,580,890.49	963,440,982.12
Largest Mortgage Loan Balance	2,000,000.00	776,856.39




Page 11 of 29

Saxon Asset Securities Trust 2007-3



Asset Backed Certificates
Asset Backed Certificates
December 26, 2007 Distribution

Delinquency Report

TOTAL
		< 1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT	Balance		50,636,085.67	32,482,485.10	6,765,404.54	89,883,975.31
	% Balance		3.70%	2.37%	0.49%	6.56%
	# Loans		165	99	20	284
	% # Loans		3.12%	1.87%	0.38%	5.37%
FORECLOSURE	Balance	0.00	0.00	659,105.86	31,735,149.02	32,394,254.88
	% Balance	0.00%	0.00%	0.05%	2.32%	2.36%
	# Loans	0	0	4	101	105
	% # Loans	0.00%	0.00%	0.08%	1.91%	1.98%
BANKRUPTCY	Balance	1,036,353.82	80,832.05	291,910.33	512,128.21	1,921,224.41
	% Balance	0.08%	0.01%	0.02%	0.04%	0.14%
	# Loans	5	1	2	5	13
	% # Loans	0.09%	0.02%	0.04%	0.09%	0.25%
REO	Balance	0.00	0.00	0.00	822,473.98	822,473.98
	% Balance	0.00%	0.00%	0.00%	0.06%	0.06%
	# Loans	0	0	0	4	4
	% # Loans	0.00%	0.00%	0.00%	0.08%	0.08%
TOTAL	Balance	1,036,353.82	50,716,917.72	33,433,501.29	39,835,155.75	125,021,928.58
	% Balance	0.08%	3.70%	2.44%	2.91%	9.13%
	# Loans	5	166	105	130	406
	% # Loans	0.09%	3.14%	1.98%	2.46%	7.67%

Page 12 of 29

Saxon Asset Securities Trust 2007-3



Asset Backed Certificates
Asset Backed Certificates
December 26, 2007 Distribution


GROUP 1
		< 1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT	Balance		21,840,871.14	12,031,078.70	1,819,813.69	35,691,763.53
	% Balance		2.77%	1.52%	0.23%	4.52%
	# Loans		95	53	9	157
	% # Loans		2.53%	1.41%	0.24%	4.18%
FORECLOSURE	Balance	0.00	0.00	410,245.52	14,111,331.43	14,521,576.95
	% Balance	0.00%	0.00%	0.05%	1.79%	1.84%
	# Loans	0	0	2	59	61
	% # Loans	0.00%	0.00%	0.05%	1.57%	1.63%
BANKRUPTCY	Balance	67,723.01	80,832.05	291,910.33	234,707.84	675,173.23
	% Balance	0.01%	0.01%	0.04%	0.03%	0.09%
	# Loans	1	1	2	2	6
	% # Loans	0.03%	0.03%	0.05%	0.05%	0.16%
REO	Balance	0.00	0.00	0.00	822,473.98	822,473.98
	% Balance	0.00%	0.00%	0.00%	0.10%	0.10%
	# Loans	0	0	0	4	4
	% # Loans	0.00%	0.00%	0.00%	0.11%	0.11%
TOTAL	Balance	67,723.01	21,921,703.19	12,733,234.55	16,988,326.94	51,710,987.69
	% Balance	0.01%	2.78%	1.61%	2.15%	6.55%
	# Loans	1	96	57	74	228
	% # Loans	0.03%	2.56%	1.52%	1.97%	6.08%

Page 13 of 29

Saxon Asset Securities Trust 2007-3



Asset Backed Certificates
Asset Backed Certificates
December 26, 2007 Distribution


GROUP 2
		< 1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT	Balance		28,795,214.53	20,451,406.40	4,945,590.85	54,192,211.78
	% Balance		4.96%	3.52%	0.85%	9.34%
	# Loans		70	46	11	127
	% # Loans		4.55%	2.99%	0.71%	8.25%
FORECLOSURE	Balance	0.00	0.00	248,860.34	17,623,817.59	17,872,677.93
	% Balance	0.00%	0.00%	0.04%	3.04%	3.08%
	# Loans	0	0	2	42	44
	% # Loans	0.00%	0.00%	0.13%	2.73%	2.86%
BANKRUPTCY	Balance	968,630.81	0.00	0.00	277,420.37	1,246,051.18
	% Balance	0.17%	0.00%	0.00%	0.05%	0.21%
	# Loans	4	0	0	3	7
	% # Loans	0.26%	0.00%	0.00%	0.19%	0.45%
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	968,630.81	28,795,214.53	20,700,266.74	22,846,828.81	73,310,940.89
	% Balance	0.17%	4.96%	3.57%	3.94%	12.63%
	# Loans	4	70	48	56	178
	% # Loans	0.26%	4.55%	3.12%	3.64%	11.57%

Page 14 of 29

Saxon Asset Securities Trust 2007-3

Asset Backed Certificates

December 26, 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:

12077752 1

111,500.00

111,354.35

01-Jun-2007

9.990%

MI - 81.99%

360

01-May-2007

12096093 1

194,400.00

194,057.94

01-Jun-2007

8.990%

TN - 90.00%

360

01-May-2007

TOTAL

305,900.00

305,412.29

Became REO Property in a Prior Period:

12048304 1

194,750.00

193,106.43

01-May-2007

7.950%

MI - 95.00%

360

01-Jan-2007

2000240897 1

325,800.00

323,955.26

01-May-2007

9.475%

MD - 90.00%

360

01-Feb-2007

TOTAL

520,550.00

517,061.69

TOTAL

826,450.00

822,473.98

Page 15 of 29

Saxon Asset Securities Trust 2007-3



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:
12070629 1	294,000.00	294,000.00	01-Jul-2007	8.750%	MD - 81.67%	360	01-Apr-2007
12081323 1	132,050.00	131,626.20	01-Jul-2007	10.600%	MI - 95.00%	360	01-May-2007
12081819 1	113,000.00	112,630.76	02-Jul-2007	9.990%	OH - 83.09%	360	02-May-2007
12096577 1	222,000.00	220,219.28	01-Jul-2007	9.250%	FL - 74.00%	360	01-Jun-2007
12096601 2	584,250.00	582,143.27	01-Jul-2007	10.050%	CA - 95.00%	360	01-May-2007
12097148 1	492,000.00	490,842.58	01-Jul-2007	7.990%	CA - 80.00%	360	01-May-2007
12097745 1	331,500.00	331,413.39	01-Jul-2007	11.150%	FL - 85.00%	360	01-Jun-2007
12098165 1	308,750.00	307,661.33	01-Jul-2007	9.500%	FL - 95.00%	360	01-Jun-2007
12098174 2	450,000.00	448,563.63	01-Jul-2007	9.975%	FL - 75.00%	360	01-Jun-2007
12098208 2	467,000.00	466,044.33	01-Jul-2007	7.999%	CA - 77.83%	360	01-Jun-2007
12098389 1	409,500.00	408,705.27	01-Jul-2007	8.183%	NJ - 83.33%	360	01-Jun-2007
12098668 2	467,500.00	466,948.50	01-Jun-2007	9.900%	NY - 85.00%	360	01-Jun-2007
12099304 1	278,100.00	277,712.71	01-Jul-2007	9.850%	FL - 90.00%	360	01-Jun-2007
12099430 1	192,000.00	192,000.00	01-Jun-2007	9.450%	CA - 75.00%	360	01-Jun-2007
12099433 1	94,500.00	94,290.87	01-Jul-2007	10.950%	SC - 90.00%	360	01-Jun-2007
12099492 1	301,750.00	301,321.38	01-Jul-2007	9.250%	FL - 85.00%	360	01-Jun-2007
12100540 1	180,500.00	179,741.64	01-Jul-2007	8.650%	AZ - 95.00%	360	01-Jun-2007
12100815 1	336,600.00	336,600.00	01-Jul-2007	9.750%	CA - 90.00%	360	01-Jun-2007
12100936 1	248,000.00	247,049.97	01-Jul-2007	9.100%	FL - 80.00%	360	01-Jun-2007
12101364 1	520,000.00	518,811.58	01-Jun-2007	10.800%	NY - 80.00%	360	01-Jul-2007
12101681 2	444,000.00	444,000.00	01-Jul-2007	6.750%	CA - 80.00%	360	01-Jul-2007
12101843 1	351,000.00	350,789.45	01-Jul-2007	8.650%	CA - 90.00%	360	01-Jul-2007
12103136 1	403,000.00	401,539.07	01-Jun-2007	8.600%	MD - 94.82%	360	01-Jul-2007
12103495 2	500,000.00	499,402.57	01-Jul-2007	9.300%	OK - 76.92%	360	01-Jul-2007
12104199 1	417,000.00	416,605.57	01-Jul-2007	7.450%	WA - 72.52%	360	01-Jul-2007
12104997 1	264,000.00	263,245.80	01-Jul-2007	9.750%	NV - 80.00%	360	01-Jul-2007
12105239 1	209,100.00	208,470.53	01-Jul-2007	9.500%	MA - 85.00%	360	01-Jul-2007
12105505 2	663,000.00	661,137.05	01-Jul-2007	8.935%	NJ - 85.00%	360	01-Aug-2007
12105643 2	539,500.00	539,500.00	01-Jul-2007	10.750%	CA - 83.00%	360	01-Jul-2007
12105666 1	325,000.00	325,000.00	01-Jul-2007	6.850%	CA - 59.09%	360	01-Jul-2007
12105871 2	900,000.00	900,000.00	01-Jun-2007	7.750%	CA - 75.00%	360	01-Jul-2007
12105938 1	220,000.00	219,002.94	01-Jul-2007	7.490%	CA - 80.00%	360	01-Jul-2007
12106171 1	180,000.00	179,579.72	01-Jul-2007	10.700%	VA - 90.00%	360	01-Jul-2007
12106843 1	93,585.00	93,245.01	01-Jul-2007	8.590%	TX - 85.00%	360	01-Jul-2007
12107007 2	608,000.00	607,853.10	01-Jul-2007	10.950%	CA - 95.00%	360	01-Jul-2007
12107373 1	382,500.00	382,131.35	01-Jul-2007	7.400%	FL - 85.00%	360	01-Jul-2007
12107486 1	151,300.00	151,300.00	01-Jul-2007	9.300%	CO - 85.00%	360	01-Jul-2007
12107756 2	480,700.00	479,369.42	01-Jun-2007	9.900%	NY - 95.00%	360	01-Jul-2007
12107941 1	175,100.00	174,274.51	01-Jul-2007	7.290%	TX - 84.92%	360	01-Jul-2007
12107953 1	369,000.00	367,865.76	01-Jul-2007	9.400%	LA - 90.00%	360	01-Jul-2007
12108281 1	221,350.00	220,810.51	01-Jul-2007	10.500%	FL - 95.00%	360	01-Jul-2007
12108847 2	612,000.00	611,811.79	01-Jul-2007	10.350%	MD - 85.00%	360	01-Jul-2007
12109575 2	1,000,000.00	1,000,000.00	01-Jul-2007	7.500%	FL - 83.33%	360	01-Aug-2007
12109575 2	1,000,000.00			7.500%	FL - 83.33%


Page 16 of 29

Saxon Asset Securities Trust 2007-3



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
12110349 2
12110349 2	526,500.00	525,025.18	01-Jul-2007	8.950%	FL - 90.00%	360	01-Aug-2007

12110538 2	769,500.00	769,500.00	01-Jul-2007	8.950%	NY - 95.00%	360	01-Aug-2007
12111163 2	128,000.00	127,645.13	25-Jun-2007	9.000%	MS - 80.00%	360	25-Jul-2007
12111174 1	298,300.00	297,614.76	08-Jul-2007	9.900%	KY - 95.00%	360	08-Jul-2007
12111489 2	465,000.00	464,791.76	01-Jul-2007	8.925%	FL - 75.00%	360	01-Aug-2007
12111778 1	217,500.00	217,094.23	01-Jul-2007	10.875%	FL - 84.96%	360	01-Aug-2007
12111861 1	176,000.00	175,929.19	01-Jul-2007	9.200%	GA - 80.00%	360	01-Aug-2007
12112411 2	480,250.00	478,890.76	01-Jul-2007	8.900%	MD - 85.00%	360	01-Aug-2007
12112431 2	262,000.00	261,219.39	01-Jul-2007	8.650%	IL - 93.91%	360	01-Aug-2007
12113321 1	412,250.00	412,250.00	01-Jul-2007	10.450%	MA - 85.00%	360	01-Aug-2007
12113920 2	110,700.00	110,414.63	01-Jul-2007	9.350%	IN - 90.00%	360	01-Aug-2007
12114140 1	217,800.00	217,800.00	01-Jul-2007	9.990%	CO - 90.00%	360	01-Aug-2007
12114322 1	175,500.00	174,932.71	01-Jul-2007	8.250%	MI - 90.00%	360	01-Aug-2007
12114394 1	274,550.00	274,550.00	01-Jul-2007	8.600%	CA - 95.00%	360	01-Aug-2007
12116482 2	104,000.00	103,667.19	01-Jul-2007	8.300%	MD - 80.00%	360	01-Aug-2007
12116907 2	272,000.00	271,767.69	01-Jul-2007	9.800%	IL - 85.00%	360	01-Aug-2007
12117089 1	175,000.00	174,831.49	01-Jul-2007	9.400%	FL - 83.33%	360	01-Aug-2007
12117498 2	681,000.00	681,000.00	01-Jul-2007	8.600%	NY - 82.55%	360	01-Aug-2007
12117794 2	684,000.00	683,735.39	01-Jul-2007	9.300%	NY - 95.00%	360	01-Aug-2007
12118490 2	127,500.00	127,211.71	01-Jul-2007	9.975%	OH - 85.00%	360	01-Aug-2007
12118996 1	234,600.00	233,893.86	01-Jul-2007	8.600%	FL - 85.00%	360	01-Aug-2007
2000245398 2	106,500.00	105,985.83	01-Jul-2007	10.690%	TX - 100.00%	360	01-Jan-2007
2000258128 2	85,000.00	84,576.70	18-Jul-2007	10.090%	IN - 100.00%	360	18-Jan-2007
2000258215 2	322,000.00	321,147.12	01-Jun-2007	9.030%	CA - 100.00%	360	01-Jan-2007


TOTAL	23,237,585.00	23,200,735.56

Became Foreclosure Property in a Prior Period:
12038661 1	206,000.00	205,219.20	01-May-2007	8.350%	GA - 64.98%	360	01-Dec-2006
12047644 1	70,000.00	69,496.88	01-Jun-2007	8.750%	VA - 70.00%	360	01-Jan-2007
12059939 1	92,000.00	91,693.67	01-Jun-2007	11.000%	NY - 80.00%	360	01-Apr-2007
12068335 1	76,500.00	76,171.62	01-May-2007	9.800%	OH - 90.00%	360	01-Apr-2007
12080063 1	288,750.00	288,750.00	01-May-2007	8.750%	FL - 94.98%	360	01-Jun-2007
12096074 1	357,000.00	355,754.29	01-May-2007	9.550%	CO - 85.00%	360	01-Jun-2007
12096479 1	95,287.00	94,977.99	01-May-2007	9.900%	FL - 75.00%	360	01-Jun-2007
12096822 2	460,507.00	459,859.63	01-Jun-2007	7.500%	FL - 94.95%	360	01-Apr-2007
12097442 1	83,250.00	82,985.13	01-Jun-2007	9.990%	KY - 90.00%	360	01-Jun-2007
12098091 1	316,000.00	316,000.00	01-Jun-2007	10.250%	CA - 80.00%	360	01-Jun-2007
12098788 1	139,500.00	139,105.83	01-Jun-2007	10.550%	GA - 84.55%	360	01-Jun-2007
12099183 2	76,455.00	76,231.99	01-May-2007	10.400%	IA - 90.00%	360	01-Jun-2007
12099186 2	75,510.00	75,289.72	01-May-2007	10.400%	IA - 90.00%	360	01-Jun-2007
12099378 2	432,000.00	431,344.15	01-Jun-2007	9.025%	CA - 90.00%	360	01-Jun-2007
12099561 2	425,000.00	424,279.76	01-May-2007	8.650%	CO - 85.00%	360	01-Jun-2007
12099644 2	703,000.00	700,382.57	01-May-2007	9.238%	CA - 95.00%	360	01-Jun-2007
12100118 1	103,500.00	103,094.40	01-Jun-2007	8.990%	FL - 75.00%	360	01-Jun-2007
12100143 1	99,000.00	98,766.36	01-Jun-2007	10.650%	IL - 90.00%	360	01-Jul-2007
12100445 1	117,900.00	117,647.10	01-Jun-2007	11.825%	OH - 90.00%	360	01-Jun-2007
12100690 1	103,500.00	103,149.97	01-May-2007	9.700%	WI - 90.00%	360	01-Jun-2007


Page 17 of 29

Saxon Asset Securities Trust 2007-3



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
12101175 1
12101175 1	284,000.00	283,829.10	01-Jun-2007	9.050%	CA - 81.14%	360	01-Jun-2007

12101449 1	270,750.00	269,824.78	01-May-2007	9.650%	IL - 95.00%	360	01-Jun-2007
12102659 2	567,000.00	565,257.20	01-Jun-2007	9.400%	NH - 90.00%	360	01-Jul-2007
12103098 1	220,000.00	219,704.08	01-Jun-2007	8.900%	WA - 80.00%	360	01-Jul-2007
12103123 2	741,625.00	741,625.00	01-May-2007	11.300%	CA - 85.00%	360	01-Jun-2007
12104025 1	189,000.00	188,431.07	01-Jun-2007	9.500%	FL - 90.00%	360	01-Jul-2007
12104100 1	188,000.00	187,422.13	01-Jun-2007	9.400%	FL - 80.00%	360	01-Jul-2007
12105786 1	257,400.00	257,269.79	01-Jun-2007	9.090%	FL - 87.25%	360	01-Jul-2007
12105888 1	276,900.00	276,765.81	01-Jun-2007	9.200%	CA - 78.00%	360	01-Jul-2007
12107861 1	318,750.00	318,134.33	01-Jun-2007	7.650%	CA - 85.00%	360	01-Jul-2007
12109969 2	556,750.00	556,750.00	01-Jun-2007	9.250%	NJ - 85.00%	360	01-Jul-2007
2000245115 2	154,739.00	154,377.40	27-Jun-2007	9.740%	NC - 100.00%	360	27-Nov-2006
2000245169 2	134,000.00	133,762.12	21-May-2007	10.390%	SC - 100.00%	360	21-Dec-2006
2000245245 2	119,000.00	118,293.62	01-Jun-2007	10.090%	KY - 100.00%	360	01-Dec-2006
2000258037 2	80,000.00	79,633.58	21-May-2007	10.940%	GA - 100.00%	360	21-Jan-2007
2000258071 2	165,000.00	164,283.64	18-Jul-2007	10.740%	SC - 100.00%	360	18-Jan-2007
2000258120 2	84,900.00	84,460.45	01-May-2007	10.340%	IN - 100.00%	360	01-Jan-2007
2000258165 2	285,000.00	283,494.96	01-Jun-2007	9.440%	IL - 100.00%	360	01-Mar-2007


TOTAL	9,213,473.00	9,193,519.32


TOTAL	32,451,058.00	32,394,254.88
TOTAL


Page 18 of 29

Saxon Asset Securities Trust 2007-3



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	10	36	46
Number of Repurchased Loans	0	0	0
Total Number of Loans Prepaid in Full	10	36	46
Curtailments Amount	23,371.11	148,616.72	171,987.83
Paid in Full Balance	2,767,281.59	7,032,041.60	9,799,323.19
Repurchased Loans Balance	0.00	0.00	0.00
Total Prepayment Amount	2,790,652.70	7,180,658.32	9,971,311.02
Cumulative


Number of Paid in Full Loans	46	119	165
Number of Repurchased Loans	0	0	0
Total Number of Loans Prepaid in Full	46	119	165
Paid in Full Balance	16,401,785.10	23,734,341.27	40,136,126.37
Repurchased Loans Balance	0.00	0.00	0.00
Curtailments Amount	95,426.44	302,818.89	398,245.33
Total Prepayment Amount	16,497,211.54	24,037,160.16	40,534,371.70

Page 19 of 29

Saxon Asset Securities Trust 2007-3



Asset Backed Certificates
Asset Backed Certificates
December 26, 2007 Distribution


PREPAYMENTS RATES



		Group 2	Group 1	Total





SMM	0.48%	0.92%	0.73%
3 Months Avg SMM	0.57%	0.75%	0.67%
12 Months Avg SMM	0.56%	0.60%	0.58%
Avg SMM Since Cut-off	0.56%	0.60%	0.58%



CPR	5.59%	10.48%	8.44%
3 Months Avg CPR	6.62%	8.65%	7.80%
12 Months Avg CPR	6.50%	6.98%	6.78%
Avg CPR Since Cut-off	6.50%	6.98%	6.78%



PSA	450.35%	848.87%	682.21%
3 Months Avg PSA Approximation	635.71%	836.07%	751.52%
12 Months Avg PSA Approximation	768.11%	835.18%	806.60%
Avg PSA Since Cut-off Approximation	768.11%	835.18%	806.60%

Page 20 of 29

Saxon Asset Securities Trust 2007-3

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 29

Saxon Asset Securities Trust 2007-3



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

12037668 1		200,000.00	198,160.92	27-Nov-2007	8.150%	OR - 80.00%	Paid Off - 360	01-Dec-2006
12037668 1		200,000.00	198,160.92	27-Nov-2007	8.150%	OR - 80.00%	Paid Off - 360	01-Dec-2006
12077295 1		137,500.00	136,853.02	12-Dec-2007	7.300%	WA - 62.05%	Paid Off - 360	01-Jun-2007
12096286 1		295,200.00	295,182.03	04-Dec-2007	7.450%	MD - 80.00%	Paid Off - 360	01-Jun-2007
12097443 1		100,000.00	99,498.55	12-Dec-2007	6.975%	FL - 42.19%	Paid Off - 360	01-Jun-2007
12097603 1		119,700.00	119,347.11	11-Dec-2007	9.600%	ME - 70.00%	Paid Off - 360	01-Jun-2007
12097821 1		292,500.00	292,094.82	20-Nov-2007	8.800%	IL - 90.00%	Paid Off - 360	01-Jun-2007
12098846 1		180,000.00	179,299.92	05-Dec-2007	8.800%	MD - 55.21%	Paid Off - 360	01-Jun-2007
12099023 1		252,000.00	251,915.48	21-Nov-2007	9.875%	MD - 59.43%	Paid Off - 360	01-Jul-2007
12100740 1		148,500.00	148,281.84	30-Nov-2007	8.600%	VA - 90.00%	Paid Off - 360	01-Jun-2007
12101529 1		259,250.00	259,148.76	20-Nov-2007	9.750%	MD - 85.00%	Paid Off - 360	01-Jun-2007
12102560 1		221,000.00	220,775.98	06-Dec-2007	9.850%	RI - 85.00%	Paid Off - 360	01-Jun-2007
12103292 1		106,200.00	106,114.36	11-Dec-2007	9.990%	WI - 90.00%	Paid Off - 360	01-Jul-2007
12104374 1		170,000.00	169,736.85	05-Dec-2007	7.776%	NJ - 85.00%	Paid Off - 360	01-Jul-2007
12105196 1		130,500.00	130,394.77	06-Dec-2007	9.990%	MD - 90.00%	Paid Off - 360	01-Jul-2007
12105290 1		163,000.00	162,879.94	11-Dec-2007	9.550%	AL - 93.14%	Paid Off - 360	01-Aug-2007
12105791 1		204,300.00	203,591.30	27-Nov-2007	7.900%	AK - 90.00%	Paid Off - 360	01-Jul-2007
12106619 2		601,250.00	601,060.86	03-Dec-2007	7.550%	CT - 65.00%	Paid Off - 360	01-Aug-2007
12106840 1		270,000.00	269,528.37	14-Dec-2007	7.350%	FL - 75.00%	Paid Off - 360	01-Jul-2007
12107130 1		378,250.00	378,250.00	06-Dec-2007	9.600%	IL - 85.00%	Paid Off - 360	01-Jul-2007
12107570 1		157,000.00	156,556.62	21-Nov-2007	9.950%	NC - 89.20%	Paid Off - 360	01-Jun-2007
12108433 1		126,000.00	125,800.00	06-Dec-2007	8.000%	GA - 90.00%	Paid Off - 360	01-Aug-2007
12108649 1		160,000.00	159,578.82	17-Dec-2007	9.250%	MA - 64.00%	Paid Off - 360	01-Jul-2007
12109460 1		90,000.00	89,782.08	05-Dec-2007	9.650%	NM - 84.11%	Paid Off - 360	01-Jul-2007
12110064 1		332,640.00	332,640.00	12-Dec-2007	8.250%	MD - 90.00%	Paid Off - 360	05-Jul-2007
12110086 1		308,000.00	307,245.70	03-Dec-2007	8.500%	IL - 80.00%	Paid Off - 360	01-Aug-2007
12111259 1		170,000.00	169,517.86	03-Dec-2007	8.500%	MD - 73.91%	Paid Off - 360	01-Aug-2007
12111622 1		152,000.00	151,679.23	19-Nov-2007	10.300%	IL - 95.00%	Paid Off - 360	01-Jul-2007
12111908 1		279,500.00	279,500.00	12-Dec-2007	9.750%	MD - 65.00%	Paid Off - 360	01-Aug-2007
12112874 2		159,375.00	159,330.46	11-Dec-2007	9.550%	MA - 75.00%	Paid Off - 360	01-Aug-2007
12113053 1		234,000.00	233,797.21	07-Dec-2007	8.990%	IL - 90.00%	Paid Off - 360	01-Aug-2007
12113229 1		94,600.00	94,404.39	29-Nov-2007	7.900%	MD - 67.09%	Paid Off - 360	01-Sep-2007
12113593 1		272,000.00	271,491.58	20-Nov-2007	9.800%	DC - 85.00%	Paid Off - 360	01-Aug-2007
12114263 1		150,000.00	149,947.87	05-Dec-2007	9.000%	MD - 68.18%	Paid Off - 360	01-Aug-2007
12114354 1		120,000.00	119,638.56	03-Dec-2007	7.500%	MD - 60.00%	Paid Off - 360	01-Aug-2007
12116330 2		102,850.00	102,677.10	03-Dec-2007	10.300%	WI - 85.00%	Paid Off - 360	01-Aug-2007
12116510 1		123,750.00	123,750.00	27-Nov-2007	7.400%	VA - 75.00%	Paid Off - 360	01-Aug-2007
12116632 2		102,000.00	101,867.79	14-Dec-2007	10.150%	WI - 85.00%	Paid Off - 360	01-Sep-2007
12116800 1		100,000.00	99,730.26	05-Dec-2007	8.025%	MD - 80.00%	Paid Off - 360	01-Aug-2007
12117157 1		387,000.00	386,927.40	28-Nov-2007	10.550%	CA - 90.00%	Paid Off - 360	01-Aug-2007
12118051 2		419,000.00	417,994.63	29-Nov-2007	8.600%	CA - 74.82%	Paid Off - 360	01-Aug-2007


Page 22 of 29

Saxon Asset Securities Trust 2007-3

Asset Backed Certificates

December 26, 2007 Distribution

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

Loan Number

Original

Current

State &

Type Prepayment

First

Loan

Principal

Prepayment

Note

LTV at

Payment

Loan Group

Status

Balance

Amount

Date

Rate

Origination

Original Term

Date

12118456 2

138,000.00

137,757.59

03-Dec-2007

8.700%

AZ - 47.59%

Paid Off - 360

01-Sep-2007

12119304 2

465,000.00

464,367.84

17-Dec-2007

6.750%

MA - 66.43%

Paid Off - 360

01-Sep-2007

12120085 1

159,000.00

17-Dec-2007

7.250%

CA - 50.48%

Paid Off - 360

01-Aug-2007

12120589 2

233,750.00

20-Nov-2007

8.500%

MD - 85.00%

Paid Off - 360

01-Sep-2007

12120613 2

458,100.00

457,415.06

14-Dec-2007

9.475%

MD - 90.00%

Paid Off - 360

01-Sep-2007

2000245127 2

91,500.00

91,060.26

21-Nov-2007

10.690%

NC - 100.00%

Paid Off - 360

27-Nov-2006

TOTAL

9,814,215.00

9,799,323.19

Page 23 of 29

Saxon Asset Securities Trust 2007-3



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	0	1	1
Subsequent Recoveries	0.00	953.81	953.81
Collateral Principal Realized Loss/(Gain) Amount	0.00	10,247.00	10,247.00
Collateral Interest Realized Loss/(Gain) Amount	0.00	0.00	0.00
Net Liquidation Proceeds	0.00	126,828.17	126,828.17
Cumulative
Cumulative



Number of Loans Liquidated	0	1	1
Collateral Realized Loss/(Gain) Amount	0.00	10,247.00	10,247.00
Net Liquidation Proceeds	0.00	126,828.17	126,828.17
Subsequent Recoveries	0.00	953.81	953.81

Page 24 of 29

Saxon Asset Securities Trust 2007-3



Asset Backed Certificates
Asset Backed Certificates
December 26, 2007 Distribution


DEFAULT SPEEDS

	Group 2	Group 1	Total




MDR	0.00%	0.02%	0.01%
3 Months Avg MDR	0.00%	0.01%	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%	0.21%	0.12%
3 Months Avg CDR	0.00%	0.07%	0.04%
12 Months Avg CDR	0.00%	0.04%	0.02%
Avg CDR Since Cut-off	0.00%	0.04%	0.02%


SDA	0.00%	166.97%	96.21%
3 Months Avg SDA Approximation	0.00%	66.50%	38.29%
12 Months Avg SDA Approximation	0.00%	49.40%	28.36%
Avg SDA Since Cut-off Approximation	0.00%	49.40%	28.36%


Loss Severity Approximation for Current Period	0.00%	7.48%	7.48%
3 Months Avg Loss Severity Approximation	0.00%	7.48%	7.48%
12 Months Avg Loss Severity Approximation	0.00%	7.48%	7.48%
Avg Loss Severity Approximation Since Cut-off	0.00%	7.48%	7.48%

Page 25 of 29

Saxon Asset Securities Trust 2007-3

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 26 of 29

Saxon Asset Securities Trust 2007-3

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)

12099330 1

8.350%

CO - 80.00%

360

137,075.17

10,247.00

TOTAL

137,075.17

10,247.00

Page 27 of 29

Saxon Asset Securities Trust 2007-3

Asset Backed Certificates

December 26, 2007 Distribution

Triggers and Adj. Cert. Report

TRIGGER EVENTS

Group 2

Group 1

Total

Stepdown Date Occurred ?

Does a Trigger Event Exists ?

Does a Delinquency Trigger Event Exists ?

Does a Loss Trigger Event Exists ?

Rolling three month average

44,952,287.76

Ending Collateral Balance

1,369,806,735.13

Delinquency Percentage

3.2800%

Prior Period Senior Enhancement Percentage

30.810000%

Applicable %

26.580000%

Prior Period M-1 Enhancement Percentage

26.200000%

Applicable % (After Agg.Sr.Cert.Bal becomes 0)

31.250000%

Cumulative Loss Percentage

0.00072523%

ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK

ADDITIONAL INFORMATION

Group 2

Group 1

Total

Libor for Current Period

4.783130%

Libor Rate Determination Date

11/21/2007

Libor for Next Period

4.865000%

Libor Next Rate Determination Date

12/21/2007

Page 28 of 29

Saxon Asset Securities Trust 2007-3



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
	1-A	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	2-A1	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	2-A2	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	2-A3	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	2-A4	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	1-M1	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	2-M1	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	1-M2	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	2-M2	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	1-M3	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	2-M3	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	1-M4	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	2-M4	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	1-M5	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	2-M5	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	1-M6	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
	2-M6	$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 29 of 29

SAST 2007-3 10-D