SAXON MORTGAGE SECURITIES CORPORATION
Payments per Bond Denomination
SMSC Series 1995-2--Pool One
Payment Date: 26-Aug-96
Reporting Month: July
Interest Interest Principal
Original Original Integral Record Accrual Payment Payment Ending Remaining
Class Balance Pct Pool Denomination Date Factor Factor Factor Balance Principal Factor
1A-1 $47,711,000.00 63.60% $1,000.00 31-Jul-96 5.48086500 5.48086500 7.66787932 $41,473,765.03 0.869270501
1A-2 $10,000,000.00 13.33% $1,000.00 31-Jul-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-Jul-96 6.24999948 6.24999948 0.00000000 $9,608,500.00 1.00000000
1B-1 $3,000,483.00 4.00% $1,000.00 31-Jul-96 6.21204653 6.21204653 0.65261493 $2,980,304.53 0.99327493
1B-2 $1,312,711.00 1.75% $1,000.00 31-Jul-96 6.21204515 6.21204515 0.65261128 $1,303,882.92 0.99327492
1B-3 $937,651.00 1.25% $1,000.00 31-Jul-96 6.21204478 6.21204478 0.65260955 $931,345.23 0.99327493
1B-4 $1,237,699.00 1.65% $1,000.00 31-Jul-96 6.21204348 6.21204348 0.65261425 $1,229,375.38 0.99327492
1B-5 $525,084.00 0.70% $1,000.00 31-Jul-96 6.21205369 6.21205369 0.65261939 $521,552.76 0.99327490
1B-6 $675,719.47 0.90% $1,000.00 31-Jul-96 6.21204536 6.21204536 0.65260810 $671,175.22 0.99327495
1I $0.00 0.00% $1,000.00 31-Jul-96 N/A N/A N/A $0.00 N/A
1P $3,138.94 0.00% $1,000.00 31-Jul-96 0.00000000 0.00000000 0.30902152 $3,109.32 0.99056369
1R $100.00 0.00% $1,000.00 31-Jul-96 146.50000000 287.50000000 7.70000000 $86.93 0.86930000
$75,012,086.41 $68,723,097.32
SAXON MORTGAGE SECURITIES CORPORATION
Credit Enhancement Summary
SMSC Series 1995-2--Pool One
Payment Date: 26-Aug-96
Reporting Month July
Reserve Funds and Subordination
Initial Coverage Beginning Coverage Adjustments Losses Insured Balance Ending Coverage
Type Purpose
Subordination 10.25% $7,689,347.47 11.06% $7,642,654.21 $0.00 $0.00 $68,723,097.30 11.11% $7,637,636.04
Delinquency Statistics
Current % of
# of Loans Balance Current Balance
30+ Days 9 $1,410,992 2.05%
60+ Days 2 $405,621 0.59%
90+ Days 6 $946,723 1.38%
Foreclosure 0 $0 0.00%
REO 0 $0 0.00%
Totals 17 $2,763,336 4.02%
Advances on Delinquencies $23,977.92
Non-Recoverable Advances on Delinquencies $0.00
SAXON MORTGAGE SECURITIES CORPORATION
Monthly Payment Report
Payment Statement
SMSC Series 1995-2--Pool One
Payment Date: 26-Aug-96
Reporting Month:July
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 Balance
1A-1 7.500000% $41,839,607.22 $261,497.55 $0.00 $261,497.55 $40,346.89 $325,495.30 $627,339.74 $0.00 $41,473,765.03
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 $60,053.12 $0.00 $60,053.12 $0.00 $0.00 $60,053.12 $0.00 $9,608,500.00
1B-1 7.500000% $2,982,262.69 $18,639.14 $0.00 $18,639.14 $1,958.16 $0.00 $20,597.30 $0.00 $2,980,304.53
1B-2 7.500000% $1,304,739.61 $8,154.62 $0.00 $8,154.62 $856.69 $0.00 $9,011.31 $0.00 $1,303,882.92
1B-3 7.500000% $931,957.15 $5,824.73 $0.00 $5,824.73 $611.92 $0.00 $6,436.65 $0.00 $931,345.23
1B-4 7.500000% $1,230,183.12 $7,688.64 $0.00 $7,688.64 $807.74 $0.00 $8,496.38 $0.00 $1,229,375.38
1B-5 7.500000% $521,895.44 $3,261.85 $0.00 $3,261.85 $342.68 $0.00 $3,604.53 $0.00 $521,552.76
1B-6 7.500000% $671,616.20 $4,197.60 $0.00 $4,197.60 $440.98 $0.00 $4,638.58 $0.00 $671,175.22
1I 1.439871% $68,771,580.66 $82,518.49 $0.00 $82,504.39(1) $0.00 $0.00 $82,504.39 $0.00 $68,401,081.88
1P 0.000000% $3,110.29 $0.00 $0.00 $0.00 $0.97 $0.00 $0.97 $0.00 $3,109.32
1R 7.500000% $87.70 $14.65 $0.00 $28.75(2) $0.08 $0.69 $28.75 $0.00 $86.93
$69,093,959.42 $514,350.39 $0.00 $514,350.39 $45,366.11 $325,495.99 $885,212.49 $0.00 $68,723,097.32
Aggregate Aggregate
Class CUSIP Priority Principal Type Interest Type Realized Losses Interest Shortfall
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
(1) $14.10 interest withheld to adjust for overpayment on July 25th payment
(2) $14.10 interest added to adjust for underpayment on July 25th payment
SAXON MORTGAGE SECURITIES CORPORATION
Payments per Bond Denomination
SMSC Series 1995-2--Pool Two
Payment Date: 26-Aug-96
Reporting Month: July
Interest Interest Principal
Original Original Integral Record Accrual Payment Payment Ending Remaining
Class Balance Pct Pool Denomination Date Factor Factor Factor Balance Principal Factor
2A $22,184,000.00 93.24% $1,000.00 31-Jul-96 5.38206590 5.38206590 12.35753336 $18,829,181.03 0.84877304
2B-1 $654,275.00 2.75% $1,000.00 31-Jul-96 6.06544649 6.06544649 3.12937221 $632,907.31 0.96734142
2B-2 $237,918.00 1.00% $1,000.00 31-Jul-96 6.06545112 6.06545112 3.12935549 $230,147.95 0.96734148
2B-3 $237,918.00 1.00% $1,000.00 31-Jul-96 6.06545112 6.06545112 3.12935549 $230,147.95 0.96734148
2B-4 $226,022.00 0.95% $1,000.00 31-Jul-96 6.06542726 6.06542726 3.12938564 $218,640.43 0.96734136
2B-5 $118,959.00 0.50% $1,000.00 31-Jul-96 6.06545112 6.06545112 3.12939752 $115,073.96 0.96734135
2B-6 $131,139.17 0.55% $1,000.00 31-Jul-96 6.06546465 6.06546465 3.12934724 $126,856.37 0.96734157
2I $0.00 0.00% $1,000.00 31-Jul-96 N/A N/A N/A $0.00 N/A
2P $1,515.51 0.01% $1,000.00 31-Jul-96 0.00000000 0.00000000 3.18044751 $1,464.13 0.96609722
2R $100.00 0.00% $1,000.00 31-Jul-96 5.40000000 5.40000000 12.40000000 $84.87 0.84870000
$23,791,846.68 $20,384,504.00
SAXON MORTGAGE SECURITIES CORPORATION
Credit Enhancement Summary
SMSC Series 1995-2--Pool Two
Payment Date: 26-Aug-96
Reporting Month July
Reserve Funds and Subordination
Initial Coverage Beginning Coverage Adjustments Losses Insured Balance Ending Coverage
Type Purpose
Subordination 6.75% $1,606,231.17 7.54% $1,558,800.46 $0.00 $0.00 $20,384,503.99 7.62% $1,553,773.97
Delinquency Statistics
Current % of
# of Loans Balance Current Balance
30+ Days 6 $1,015,630 4.98%
60+ Days 0 $0 0.55%
90+ Days 0 $0 0.00%
Foreclosure 0 $0 0.00%
REO 0 $0 0.00%
Totals 6 $1,015,630 4.98%
Advances on Delinquencies $11,120.04
Non-Recoverable Advances on Delinquencies $0.00
SAXON MORTGAGE SECURITIES CORPORATION
Monthly Payment Report
Payment Statement
SMSC Series 1995-2--Pool Two
Payment Date: 26-Aug-96
Reporting Month:July
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 Balance
2A 7.500000% $19,103,320.55 $119,395.75 $0.00 $119,395.75 $61,600.44 $212,539.08 $393,535.27 $0.00 $18,829,181.03
2B-1 7.500000% $634,954.78 $3,968.47 $0.00 $3,968.47 $2,047.47 $0.00 $6,015.94 $0.00 $632,907.31
2B-2 7.500000% $230,892.48 $1,443.08 $0.00 $1,443.08 $744.53 $0.00 $2,187.61 $0.00 $230,147.95
2B-3 7.500000% $230,892.48 $1,443.08 $0.00 $1,443.08 $744.53 $0.00 $2,187.61 $0.00 $230,147.95
2B-4 7.500000% $219,347.74 $1,370.92 $0.00 $1,370.92 $707.31 $0.00 $2,078.23 $0.00 $218,640.43
2B-5 7.500000% $115,446.23 $721.54 $0.00 $721.54 $372.27 $0.00 $1,093.81 $0.00 $115,073.96
2B-6 7.500000% $127,266.75 $795.42 $0.00 $795.42 $410.38 $0.00 $1,205.80 $0.00 $126,856.37
2I 1.322769% $20,296,434.24 $22,372.92 $0.00 $22,372.92 $0.00 $0.00 $22,372.92 $0.00 $20,018,467.25
2P 0.000000% $1,468.95 $0.00 $0.00 $0.00 $4.82 $0.00 $4.82 $0.00 $1,464.13
2R 7.500000% $86.11 $0.54 $0.00 $0.54 $0.28 $0.96 $1.78 $0.00 $84.87
$20,663,676.07 $151,511.72 $0.00 $151,511.72 $66,632.03 $212,540.04 $430,683.79 $0.00 $20,384,504.00
Aggregate Aggregate
Class CUSIP Priority Principal Type Interest Type Realized Losses Interest Shortfall
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: 26-Aug-96
Report Date: July
Collateral Proceeds Account
Beginning Balance $0.00
Deposits Withdrawals
Interest Net of Servicing Fee, Master
Fee and Trustee Fee $665,862.11 Interest Distribution $665,862.11
Principal $650,034.17 Principal Distribution $650,034.17
Servicing Fee* $18,699.50 Servicing Fee* $18,699.50
Master Servicing and Trustee Fee* $2,243.95 Master Servicing and Trustee Fee$2,243.95
Deposits From Reserve Fund $0.00
Other Deposits $0.00
Total Deposit $1,336,839.73 Total Withdrawals $1,336,839.73
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.