SAXON MORTGAGE SECURITIES CORPORATION
Payments per Bond Denomination
SMSC Series 1995-2--Pool One
Payment Date: 25-Jun-96
Reporting Month: May
Interest Interest Principal
Original Orig Integral Record Accrual Payment Payment Ending Remaining
Class Balance Pct Pool Denomination Date Factor Factor Factor Balance Principal
1A-1 $47,711,000.00 63.60% $1,000.00 31-May-96 5.72234998 5.72234998 20.32961351 $42,713,100.71 0.89524639
1A-2 $10,000,000.00 13.33% $1,000.00 31-May-96 6.25000000 6.25000000 0.00000000 $10,000,000.00 1.00000000
1A-3 $9,608,500.00 12.81% $1,000.00 31-May-96 6.25000052 6.25000052 0.00000000 $9,608,500.00 1.00000000
1B-1 $3,000,483.00 4.00% $1,000.00 31-May-96 6.22016855 6.22016855 0.64005362 $2,984,240.78 0.99458680
1B-2 $1,312,711.00 1.75% $1,000.00 31-May-96 6.22016575 6.22016575 0.64004949 $1,305,605.03 0.99458680
1B-3 $937,651.00 1.25% $1,000.00 31-May-96 6.22017147 6.22017147 0.64005691 $932,575.30 0.99458679
1B-4 $1,237,699.00 1.65% $1,000.00 31-May-96 6.22017146 6.22017146 0.64005061 $1,230,999.08 0.99458679
1B-5 $525,084.00 0.70% $1,000.00 31-May-96 6.22016668 6.22016668 0.64004997 $522,241.61 0.99458679
1B-6 $675,719.47 0.90% $1,000.00 31-May-96 6.22017004 6.22017004 0.64005851 $672,061.67 0.99458681
1I $0.00 0.00% $1,000.00 31-May-96 N/A N/A N/A $0.00 N/A
1P $3,138.94 0.00% $1,000.00 31-May-96 0.00000000 0.00000000 0.30583573 $3,111.25 0.99117855
1R $100.00 0.00% $1,000.00 31-May-96 146.700000 146.700000 20.30000000 $89.53 0.89530000
$75,012,086.41 $69,972,524.96
SAXON MORTGAGE SECURITIES CORPORATION
Credit Enhancement Summary
SMSC Series 1995-2--Pool One
Payment Date: 25-Jun-96
Reporting Month May
Reserve Funds and Subordination
Initial Coverage Beginning Coverage Adjustments Losses Insured Balance Ending Coverage
Type Purpose % $ % $ $ $ % $
Subordination 10.25% $7,689,347.47 10.79% $7,652,645.06 $0.00 $0.00 $69,972,524.96 10.93% $7,647,723.47
Delinquency Statistics
Current % of
# of Loans Balance Current Balance
30+ Days 5 $659,727 0.94%
60+ Days 1 $63,700 0.09%
90+ Days 3 $436,954 0.62%
Foreclosure 2 $447,302 0.64%
REO 0 $0 0.00%
Totals 11 $1,607,683 2.30%
Advances on Delinquencies $13,790.73
Non-Recoverable Advances on Delinquencies $0.00
SAXON MORTGAGE SECURITIES CORPORATION
Monthly Payment Report
Payment Statement
SMSC Series 1995-2--Pool One
Payment Date: 25-Jun-96
Reporting Month:May
Class Beginning Current Interest Scheduled Unscheduled Ending
Interest Principal/Notional Interest ShortFall/ Interest Principal Principal Total Realized Principal
Class Rate Balance Accrual (Recovery) Distribution Distribution Distribution Distribution Losses Notional
1A-1 7.500000% $43,683,046.90 $273,019.04 $0.00 $273,019.04 $40,704.15 $929,242.04 $1,242,965.23 $0.00 $42,713,100.71
1A-2 7.500000% $10,000,000.00 $62,500.00 $0.00 $62,500.00 $0.00 $0.00 $62,500.00 $0.00 $10,000,000.00
1A-3 7.500000% $9,608,500.00 $60,053.13 $0.00 $60,053.13 $0.00 $0.00 $60,053.13 $0.00 $9,608,500.00
1B-1 7.500000% $2,986,161.25 $18,663.51 $0.00 $18,663.51 $1,920.47 $0.00 $20,583.98 $0.00 $2,984,240.78
1B-2 7.500000% $1,306,445.23 $8,165.28 $0.00 $8,165.28 $840.20 $0.00 $9,005.48 $0.00 $1,305,605.03
1B-3 7.500000% $933,175.45 $5,832.35 $0.00 $5,832.35 $600.15 $0.00 $6,432.50 $0.00 $932,575.30
1B-4 7.500000% $1,231,791.27 $7,698.70 $0.00 $7,698.70 $792.19 $0.00 $8,490.89 $0.00 $1,230,999.08
1B-5 7.500000% $522,577.69 $3,266.11 $0.00 $3,266.11 $336.08 $0.00 $3,602.19 $0.00 $522,241.61
1B-6 7.500000% $672,494.17 $4,203.09 $0.00 $4,203.09 $432.50 $0.00 $4,635.59 $0.00 $672,061.67
1I 0.010049% $70,624,297.29 $85,160.91 $0.00 $85,160.91 $0.00 $0.00 $85,160.91 $0.00 $69,649,785.21
1P 0.000000% $3,112.21 $0.00 $0.00 $0.00 $0.96 $0.00 $0.96 $0.00 $3,111.25
1R 7.500000% $91.56 $14.67 $0.00 $14.67 $0.09 $1.94 $16.70 $0.00 $89.53
$70,947,395.73 $528,576.79 $0.00 $528,576.79 $45,626.79 $929,243.98 $1,503,447.56 $0.00 $69,972,524.96
Aggregate Aggregate
Class CUSIP Priority Principal Type Interest Type Realized Losses Interest
1A-1 805570JK5 Senior Pro Rata Fixed $0.00 $0.00
1A-2 805570JL3 Senior Sequential Fixed $0.00 $0.00
1A-3 805570JM1 Senior Sequential Fixed $0.00 $0.00
1B-1 805570JN9 Subordinate Pro Rata Fixed $0.00 $0.00
1B-2 805570JP4 Subordinate Pro Rata Fixed $0.00 $0.00
1B-3 805570JQ2 Subordinate Pro Rata Fixed $0.00 $0.00
1B-4 N/A Subordinate Pro Rata Fixed $0.00 $0.00
1B-5 N/A Subordinate Pro Rata Fixed $0.00 $0.00
1B-6 N/A Subordinate Pro Rata Fixed $0.00 $0.00
1I 805570JV1 Senior Interest Only Interest Only $0.00 $0.00
1P 805570JW9 Senior Principal Only Principal Only $0.00 $0.00
1R 805570JX7 Senior Pro Rata Fixed $0.00 $0.00
$0.00 $0.00
SAXON MORTGAGE SECURITIES CORPORATION
Payments per Bond Denomination
SMSC Series 1995-2--Pool Two
Payment Date: 25-Jun-96
Reporting Month: May
Interest Interest Principal
Original Original Integral Record Accrual Payment Payment Ending Remaining
Class Balance Pct Pool Denomination Date Factor Factor Factor Balance Principal
2A $22,184,000.00 93.24% $1,000.00 31-May-96 5.49757438 5.49757438 13.65609719 $19,210,364.27 0.86595584
2B-1 $654,275.00 2.75% $1,000.00 31-May-96 6.10402354 6.10402354 3.07210271 $636,983.64 0.97357172
2B-2 $237,918.00 1.00% $1,000.00 31-May-96 6.10403584 6.10403584 3.07210888 $231,630.25 0.97357178
2B-3 $237,918.00 1.00% $1,000.00 31-May-96 6.10403584 6.10403584 3.07210888 $231,630.25 0.97357178
2B-4 $226,022.00 0.95% $1,000.00 31-May-96 6.10400757 6.10400757 3.07209033 $220,048.62 0.97357169
2B-5 $118,959.00 0.50% $1,000.00 31-May-96 6.10403584 6.10403584 3.07215091 $115,815.11 0.97357165
2B-6 $131,139.17 0.55% $1,000.00 31-May-96 6.10404961 6.10404961 3.07207984 $127,673.40 0.97357182
2I $0.00 0.00% $1,000.00 31-May-96 N/A N/A N/A $0.00 N/A
2P $1,515.51 0.01% $1,000.00 31-May-96 0.00000000 0.00000000 3.14085687 $1,473.74 0.97243832
2R $100.00 0.00% $1,000.00 31-May-96 5.50000000 5.50000000 13.70000000 $86.59 0.86590000
$23,791,846.68 $20,775,705.87
SAXON MORTGAGE SECURITIES CORPORATION
Credit Enhancement Summary
SMSC Series 1995-2--Pool Two
Payment Date: 25-Jun-96
Reporting Month May
Reserve Funds and Subordination
Initial Coverage Beginning Coverage Adjustments Losses Insured Balance Ending Coverage
Type Purpose % $ % $ $ $ $ % $
Subordination 6.75% $1,606,231.17 7.44% $1,568,715.78 $0.00 $0.00 $20,775,705.86 7.53% $1,563,781.27
Delinquency Statistics
Current % of
# of Loans Balance Current Balance
30+ Days 1 $111,497 0.54%
60+ Days 0 $0 0.00%
90+ Days 0 $0 0.00%
Foreclosure 0 $0 0.00%
REO 0 $0 0.00%
Totals 1 $111,497 0.54%
Advances on Delinquencies $1,164.92
Non-Recoverable Advances on Delinquencies $0.00
SAXON MORTGAGE SECURITIES CORPORATION
Monthly Payment Report
Payment Statement
SMSC Series 1995-2--Pool Two
Payment Date: 25-Jun-96
Reporting Month:May
Class Beginning Current Interest Scheduled Unscheduled Ending
Interest Principal/Notional Interest ShortFall/ Interest Principal Principal Total Realized Principal
Class Rate Balance Accrual (Recovery) Distribution Distribution Distribution Distribution Losses Notional
2A 7.500000% $19,513,311.13 $121,958.19 $0.00 $121,958.19 $61,380.64 $241,566.22 $424,905.05 $0.00 $19,210,364.27
2B-1 7.500000% $638,993.64 $3,993.71 $0.00 $3,993.71 $2,010.00 $0.00 $6,003.71 $0.00 $636,983.64
2B-2 7.500000% $232,361.16 $1,452.26 $0.00 $1,452.26 $730.91 $0.00 $2,183.17 $0.00 $231,630.25
2B-3 7.500000% $232,361.16 $1,452.26 $0.00 $1,452.26 $730.91 $0.00 $2,183.17 $0.00 $231,630.25
2B-4 7.500000% $220,742.98 $1,379.64 $0.00 $1,379.64 $694.36 $0.00 $2,074.00 $0.00 $220,048.62
2B-5 7.500000% $116,180.57 $726.13 $0.00 $726.13 $365.46 $0.00 $1,091.59 $0.00 $115,815.11
2B-6 7.500000% $128,076.27 $800.48 $0.00 $800.48 $402.87 $0.00 $1,203.35 $0.00 $127,673.40
2I 0.009244% $20,713,964.53 $22,977.34 $0.00 $22,977.34 $0.00 $0.00 $22,977.34 $0.00 $20,407,266.69
2P 0.000000% $1,478.50 $0.00 $0.00 $0.00 $4.76 $0.00 $4.76 $0.00 $1,473.74
2R 7.500000% $87.96 $0.55 $0.00 $0.55 $0.28 $1.09 $1.92 $0.00 $86.59
$21,083,593.37 $154,740.56 $0.00 $154,740.56 $66,320.19 $241,567.31 $462,628.06 $0.00 $20,775,705.87
Aggregate Aggregate
Class CUSIP Priority Principal Type Interest Type Realized Losses Interest
2A 805570JR0 Senior Pro Rata Fixed $0.00 $0.00
2B-1 805570JS8 Subordinate Pro Rata Fixed $0.00 $0.00
2B-2 805570JT6 Subordinate Pro Rata Fixed $0.00 $0.00
2B-3 805570JU3 Subordinate Pro Rata Fixed $0.00 $0.00
2B-4 N/A Subordinate Pro Rata Fixed $0.00 $0.00
2B-5 N/A Subordinate Pro Rata Fixed $0.00 $0.00
2B-6 N/A Subordinate Pro Rata Fixed $0.00 $0.00
2I 805570JY5 Senior Interest Only Interest Only $0.00 $0.00
2P 805570JZ2 Senior Principal Only Principal Only $0.00 $0.00
2R 805570KA5 Senior Pro Rata Fixed $0.00 $0.00
SAXON MORTGAGE SECURITIES CORPORATION
Funds Account Activity Report
SMSC Series 1995-2
Payment Date: 25-Jun-96
Report Date: May
Collateral Proceeds Account
Beginning Balance $0.00
Deposits Withdrawals
Interest Net of Servicing Fee, Master Servicing
Fee and Trustee Fee $683,317.35 Interest Distribution $683,317.35
Principal $1,282,758.27 Principal Distribution $1,282,758.27
Servicing Fee* $19,173.13 Servicing Fee* $19,173.13
Master Servicing and Trustee Fee* $2,300.78 Master Servicing and TrusteeFee* $2,300.78
Deposits From Reserve Fund $0.00
Other Deposits $0.00
Total Deposit $1,987,549.53 Total Withdrawals $1,987,549.53
Ending Balance $0.00
Note: "Principal" and Interest Net of Servicing Fee" includes
Advances on Delinquencies
* Actual cash deposited and withdrawn from the Trust Account may
not include Servicing Fee, Master Servicing Fee and Trustee Fee.