SAXON MORTGAGE SECURITIES CORPORATION
Payments per Bond Denomination
SMSC Series 1995-2--Pool One
Payment Date: 25-Jul-96
Reporting Month: June
Interest Interest Principal
Original Original 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 30-Jun-96 5.59528998 5.59528998 18.30801052 $41,839,607.22 0.87693838
1A-2 $10,000,000.00 13.33% $1,000.00 30-Jun-96 6.25000000 6.25000000 0.00000000 $10,000,000.00 1.00000000
1A-3 $9,608,500.00 12.81% $1,000.00 30-Jun-96 6.25000052 6.25000052 0.00000000 $9,608,500.00 1.00000000
1B-1 $3,000,483.00 4.00% $1,000.00 30-Jun-96 6.21616586 6.21616586 0.65925719 $2,982,262.69 0.99392754
1B-2 $1,312,711.00 1.75% $1,000.00 30-Jun-96 6.21616639 6.21616639 0.65926163 $1,304,739.61 0.99392754
1B-3 $937,651.00 1.25% $1,000.00 30-Jun-96 6.21617212 6.21617212 0.65925382 $931,957.15 0.99392754
1B-4 $1,237,699.00 1.65% $1,000.00 30-Jun-96 6.21616403 6.21616403 0.65925560 $1,230,183.12 0.99392754
1B-5 $525,084.00 0.70% $1,000.00 30-Jun-96 6.21616732 6.21616732 0.65926595 $521,895.44 0.99392752
1B-6 $675,719.47 0.90% $1,000.00 30-Jun-96 6.21617429 6.21617429 0.65925287 $671,616.20 0.99392755
1I $0.00 0.00% $1,000.00 30-Jun-96 N/A N/A N/A $0.00 N/A
1P $3,138.94 0.00% $1,000.00 30-Jun-96 0.00000000 0.00000000 0.30583573 $3,110.29 0.99087271
1R $100.00 0.00% $1,000.00 30-Jun-96 5.60000000 5.60000000 18.30000000 $87.70 0.87700000
$75,012,086.41 $69,093,959.42
SAXON MORTGAGE SECURITIES CORPORATION
Credit Enhancement Summary
SMSC Series 1995-2--Pool One
Payment Date: 25-Jul-96
Reporting Month June
Reserve Funds and Subordination
Initial Coverage Beginning Coverage Adjustments Losses Insured Balance Ending Coverage
Type Purpose
Subordination 10.25% $7,689,347.47 10.93% $7,647,723.47 $0.00 $0.00 $69,093,959.41 11.06% $7,642,654.21
Delinquency Statistics
Current % of
# of Loans Balance Current Balance
30+ Days 8 $1,324,025 1.92%
60+ Days 1 $73,117 0.11%
90+ Days 6 $947,342 1.37%
Foreclosure 0 $0 0.00%
REO 0 $0 0.00%
Totals 15 $2,344,484 3.39%
Advances on Delinquencies $19,999.34
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-Jul-96
Reporting Month:June
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% $42,713,100.71 $266,956.88 $0.00 $266,956.88 $41,309.63 $832,183.86 $1,140,450.37 $0.00 $41,839,607.22
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% $2,984,240.78 $18,651.50 $0.00 $18,651.50 $1,978.09 $0.00 $20,629.59 $0.00 $2,982,262.69
1B-2 7.500000% $1,305,605.03 $8,160.03 $0.00 $8,160.03 $865.42 $0.00 $9,025.45 $0.00 $1,304,739.61
1B-3 7.500000% $932,575.30 $5,828.60 $0.00 $5,828.60 $618.15 $0.00 $6,446.75 $0.00 $931,957.15
1B-4 7.500000% $1,230,999.08 $7,693.74 $0.00 $7,693.74 $815.96 $0.00 $8,509.70 $0.00 $1,230,183.12
1B-5 7.500000% $522,241.61 $3,264.01 $0.00 $3,264.01 $346.17 $0.00 $3,610.18 $0.00 $521,895.44
1B-6 7.500000% $672,061.67 $4,200.39 $0.00 $4,200.39 $445.47 $0.00 $4,645.86 $0.00 $671,616.20
1I 0.010035% 69,649,785.21 $83,872.18 $0.00 $83,872.18 $0.00 $0.00 $83,872.18 $0.00 $68,771,580.66
1P 0.000000% $3,111.25 $0.00 $0.00 $0.00 $0.96 $0.00 $0.96 $0.00 $3,110.29
1R 7.500000% $89.53 $0.56 $0.00 $0.56 $0.09 $1.74 $2.39 $0.00 $87.70
$69,972,524.96 $521,181.02 $0.00 $521,181.02 $46,379.94 $832,185.60 $1,399,746.56 $0.00 $69,093,959.42
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
SAXON MORTGAGE SECURITIES CORPORATION
Payments per Bond Denomination
SMSC Series 1995-2--Pool Two
Payment Date: 25-Jul-96
Reporting Month: June
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 30-Jun-96 5.41222413 5.41222413 4.82526686 $19,103,320.55 0.86113057
2B-1 $654,275.00 2.75% $1,000.00 30-Jun-96 6.08482672 6.08482672 3.10092851 $634,954.78 0.97047080
2B-2 $237,918.00 1.00% $1,000.00 30-Jun-96 6.08482755 6.08482755 3.10094234 $230,892.48 0.97047083
2B-3 $237,918.00 1.00% $1,000.00 30-Jun-96 6.08482755 6.08482755 3.10094234 $230,892.48 0.97047083
2B-4 $226,022.00 0.95% $1,000.00 30-Jun-96 6.08480590 6.08480590 3.10093708 $219,347.74 0.97047075
2B-5 $118,959.00 0.50% $1,000.00 30-Jun-96 6.08478551 6.08478551 3.10090031 $115,446.23 0.97047075
2B-6 $131,139.17 0.55% $1,000.00 30-Jun-96 6.08483339 6.08483339 3.10090418 $127,266.75 0.97047091
2I $0.00 0.00% $1,000.00 30-Jun-96 N/A N/A N/A $0.00 N/A
2P $1,515.51 0.01% $1,000.00 30-Jun-96 0.00000000 0.00000000 3.16065219 $1,468.95 0.96927767
2R $100.00 0.00% $1,000.00 30-Jun-96 5.40000000 5.40000000 4.80000000 $86.11 0.86110000
$23,791,846.68 $20,663,676.07
SMSC Series 1995-2--Pool Two
Payment Date: 25-Jul-96
Reporting Month June
Reserve Funds and Subordination
Initial Coverage Beginning Coverage Adjustments Losses Insured Balance Ending Coverage
Type Purpose
Subordination 6.75% $1,606,231.17 7.53% $1,563,781.27 $0.00 $0.00 $20,663,676.06 7.54% $1,558,800.46
Delinquency Statistics
Current % of
# of Loans Balance Current Balance
30+ Days 2 $360,788 1.75%
60+ Days 1 $111,157 0.54%
90+ Days 0 $0 0.00%
Foreclosure 0 $0 0.00%
REO 0 $0 0.00%
Totals 3 $471,944 2.28%
Advances on Delinquencies $5,100.51
Non-Recoverable Advances on Delinquencies $0.00
Monthly Payment Report
Payment Statement
SMSC Series 1995-2--Pool Two
Payment Date: 25-Jul-96
Reporting Month:June
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% $19,210,364.27 $120,064.78 $0.00 $120,064.78 $61,187.01 $45,856.71 $227,108.50 $0.00 $19,103,320.55
2B-1 7.500000% $636,983.64 $3,981.15 $0.00 $3,981.15 $2,028.86 $0.00 $6,010.01 $0.00 $634,954.78
2B-2 7.500000% $231,630.25 $1,447.69 $0.00 $1,447.69 $737.77 $0.00 $2,185.46 $0.00 $230,892.48
2B-3 7.500000% $231,630.25 $1,447.69 $0.00 $1,447.69 $737.77 $0.00 $2,185.46 $0.00 $230,892.48
2B-4 7.500000% $220,048.62 $1,375.30 $0.00 $1,375.30 $700.88 $0.00 $2,076.18 $0.00 $219,347.74
2B-5 7.500000% $115,815.11 $723.84 $0.00 $723.84 $368.88 $0.00 $1,092.72 $0.00 $115,446.23
2B-6 7.500000% $127,673.40 $797.96 $0.00 $797.96 $406.65 $0.00 $1,204.61 $0.00 $127,266.75
2I 0.009184% $20,407,266.69 $22,491.21 $0.00 $22,491.21 $0.00 $0.00 $22,491.21 $0.00 $20,296,434.24
2P 0.000000% $1,473.74 $0.00 $0.00 $0.00 $4.79 $0.00 $4.79 $0.00 $1,468.95
2R 7.500000% $86.59 $0.54 $0.00 $0.54 $0.28 $0.20 $1.02 $0.00 $86.11
$20,775,705.87 $152,330.16 $0.00 $152,330.16 $66,172.89 $45,856.91 $264,359.96 $0.00 $20,663,676.07
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-Jul-96
Report Date: June
Collateral Proceeds Account
Beginning Balance $0.00
Deposits Withdrawals
Interest Net of Servicing Fee, Master Servicing
Fee and Trustee Fee $673,511.18 Interest Distribution $673,511.18
Principal $990,595.34 Principal Distribution $990,595.34
Servicing Fee* $18,905.88 Servicing Fee* $18,905.88
Master Servicing and Trustee Fee* $2,268.71 Master Servicing and TrusteeFee* $2,268.71
Deposits From Reserve Fund $0.00
Other Deposits $0.00
Total Deposit $1,685,281.11 Total Withdrawals $1,685,281.11
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.