SAXON MORTGAGE SECURITIES CORPORATION
Payments per Bond Denomination
SMSC Series 1995-2--Pool One
Payment Date: 25-Mar-97
Reporting Month: February
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 28-Feb-97 4.85625789 4.85625789 20.56303640 $36,090,424.14 0.75643822
1A-2 $10,000,000.00 13.33% $1,000.00 28-Feb-97 6.25000000 6.25000000 0.00000000 $10,000,000.00 1.00000000
1A-3 $9,608,500.00 12.81% $1,000.00 28-Feb-97 6.24999948 6.24999948 0.00000000 $9,608,500.00 1.00000000
1B-1 $3,000,483.00 4.00% $1,000.00 28-Feb-97 6.18271125 6.18271125 0.69676449 $2,966,089.08 0.98853721
1B-2 $1,312,711.00 1.75% $1,000.00 28-Feb-97 6.18270891 6.18270891 0.69676418 $1,297,663.67 0.98853721
1B-3 $937,651.00 1.25% $1,000.00 28-Feb-97 6.18271617 6.18271617 0.69676244 $926,902.92 0.98853723
1B-4 $1,237,699.00 1.65% $1,000.00 28-Feb-97 6.18271486 6.18271486 0.69676068 $1,223,511.52 0.98853721
1B-5 $525,084.00 0.70% $1,000.00 28-Feb-97 6.18270601 6.18270601 0.69676471 $519,065.07 0.98853721
1B-6 $675,719.47 0.90% $1,000.00 28-Feb-97 6.18271366 6.18271366 0.69676844 $667,973.85 0.98853723
1I $0.00 0.00% $1,000.00 28-Feb-97 N/A N/A N/A $0.00 N/A
1P $3,138.94 0.00% $1,000.00 28-Feb-97 0.00000000 0.00000000 0.32495046 $3,102.34 0.98834001
1R $100.00 0.00% $1,000.00 28-Feb-97 145.90000000 145.90000000 20.60000000 $75.63 0.75630000
$75,012,086.41 $63,303,308.22
SAXON MORTGAGE SECURITIES CORPORATION
Credit Enhancement Summary
SMSC Series 1995-2--Pool One
Payment Date: 25-Mar-97
Reporting Month February
Reserve Funds and Subordination
Initial Coverage Beginning Coverage Adjustments Losses Insured Balance Ending Coverage
Type Purpose
Subordination 10.25% $7,689,347.47 11.83% $7,606,563.77 $0.00 $0.00 $63,303,308.22 12.01% $7,601,206.11
Delinquency Statistics
Current % of
# of Loans Balance Current
30+ Days 9 $1,013,539 1.60%
60+ Days 4 $697,565 1.10%
90+ Days 3 $450,791 0.71%
Foreclosure 4 $729,259 1.15%
REO 4 $821,130 1.30%
Totals 24 $3,712,283 5.86%
Advances on Delinquencies $31,724.56
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-Mar-97
Reporting Month:February
Class Beginning Current Interest Scheduled Unscheduled Ending
Interest Principal Interest ShortFall/ Interest Principal Principal Total Realized Principal
Class Rate Balance Accrual (Recovery) Distribution Distribution Distribution Distribution Losses Balance
1A-1 7.500000% $37,071,507.17 $231,696.92 $0.00 $231,696.92 $39,922.40 $941,160.63 $1,212,779.95 $0.00 $36,090,424.14
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% $2,968,179.71 $18,551.12 $0.00 $18,551.12 $2,090.63 $0.00 $20,641.75 $0.00 $2,966,089.08
1B-2 7.500000% $1,298,578.32 $8,116.11 $0.00 $8,116.11 $914.65 $0.00 $9,030.76 $0.00 $1,297,663.67
1B-3 7.500000% $927,556.24 $5,797.23 $0.00 $5,797.23 $653.32 $0.00 $6,450.55 $0.00 $926,902.92
1B-4 7.500000% $1,224,373.90 $7,652.34 $0.00 $7,652.34 $862.38 $0.00 $8,514.72 $0.00 $1,223,511.52
1B-5 7.500000% $519,430.93 $3,246.44 $0.00 $3,246.44 $365.86 $0.00 $3,612.30 $0.00 $519,065.07
1B-6 7.500000% $668,444.67 $4,177.78 $0.00 $4,177.78 $470.82 $0.00 $4,648.60 $0.00 $667,973.85
1I 1.425219% $63,969,965.98 $75,976.02 $0.00 $75,976.02 $0.00 $0.00 $75,976.02 $0.00 $62,983,902.18
1P 0.000000% $3,103.36 $0.00 $0.00 $0.00 $1.02 $0.00 $1.02 $0.00 $3,102.34
1R 7.500000% $77.69 $14.59 $0.00 $14.59 $0.08 $1.98 $16.65 $0.00 $75.63
$64,289,751.99 $477,781.67 $0.00 $477,781.67 $45,281.16 $941,162.61 $1,464,225.44 $0.00 $63,303,308.22
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
SAXON MORTGAGE SECURITIES CORPORATION
Payments per Bond Denomination
SMSC Series 1995-2--Pool Two
Payment Date: 25-Mar-97
Reporting Month: February
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 28-Feb-97 4.93606428 4.93606428 6.33592634 $17,379,707.87 0.78343436
2B-1 $654,275.00 2.75% $1,000.00 28-Feb-97 5.92412976 5.92412976 3.37277139 $617,955.26 0.94448857
2B-2 $237,918.00 1.00% $1,000.00 28-Feb-97 5.92414193 5.92414193 3.37275868 $224,710.85 0.94448865
2B-3 $237,918.00 1.00% $1,000.00 28-Feb-97 5.92414193 5.92414193 3.37275868 $224,710.85 0.94448865
2B-4 $226,022.00 0.95% $1,000.00 28-Feb-97 5.92411358 5.92411358 3.37276902 $213,475.19 0.94448855
2B-5 $118,959.00 0.50% $1,000.00 28-Feb-97 5.92414193 5.92414193 3.37275868 $112,355.40 0.94448844
2B-6 $131,139.17 0.55% $1,000.00 28-Feb-97 5.92416438 5.92416438 3.37275278 $123,859.47 0.94448874
2I $0.00 0.00% $1,000.00 28-Feb-97 N/A N/A N/A $0.00 N/A
2P $1,515.51 0.01% $1,000.00 28-Feb-97 0.00000000 0.00000000 3.32561316 $1,429.51 0.94325343
2R $100.00 0.00% $1,000.00 28-Feb-97 4.90000000 4.90000000 6.30000000 $78.33 0.78330000
$23,791,846.68 $18,898,282.73
SAXON MORTGAGE SECURITIES CORPORATION
Credit Enhancement Summary
SMSC Series 1995-2--Pool Two
Payment Date: 25-Mar-97
Reporting Month February
Reserve Funds and Subordination
Initial Coverage Beginning Coverage Adjustments Losses Insured Balance Ending Coverage
Type Purpose
Subordination 6.75% $1,606,231.17 7.99% $1,522,484.46 $0.00 $0.00 $18,898,282.70 8.03% $1,517,067.02
Delinquency Statistics
Current % of
# of Loans Balance Current
30+ Days 4 $357,352 1.89%
60+ Days 1 $168,777 0.89%
90+ Days 1 $412,380 2.18%
Foreclosure 1 $37,308 0.20%
REO 0 $0 0.00%
Totals 7 $975,817 5.16%
Advances on Delinquencies $10,667.09
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-Mar-97
Reporting Month:February
Class Beginning Current Interest Scheduled Unscheduled Ending
Interest Principal Interest ShortFall/ Interest Principal Principal Total Realized Principal
Class Rate Balance Accrual (Recovery) Distribution Distribution Distribution Distribution Losses Balance
2A 7.500000% $17,520,264.06 $109,501.65 $0.00 $109,501.65 $62,342.41 $78,213.78 $250,057.84 $0.00 $17,379,707.87
2B-1 7.500000% $620,161.98 $3,876.01 $0.00 $3,876.01 $2,206.72 $0.00 $6,082.73 $0.00 $617,955.26
2B-2 7.500000% $225,513.29 $1,409.46 $0.00 $1,409.46 $802.44 $0.00 $2,211.90 $0.00 $224,710.85
2B-3 7.500000% $225,513.29 $1,409.46 $0.00 $1,409.46 $802.44 $0.00 $2,211.90 $0.00 $224,710.85
2B-4 7.500000% $214,237.51 $1,338.98 $0.00 $1,338.98 $762.32 $0.00 $2,101.30 $0.00 $213,475.19
2B-5 7.500000% $112,756.62 $704.73 $0.00 $704.73 $401.22 $0.00 $1,105.95 $0.00 $112,355.40
2B-6 7.500000% $124,301.77 $776.89 $0.00 $776.89 $442.30 $0.00 $1,219.19 $0.00 $123,859.47
2I 1.314250% $18,685,620.97 $20,464.65 $0.00 $20,464.65 $0.00 $0.00 $20,464.65 $0.00 $18,540,902.30
2P 0.000000% $1,434.55 $0.00 $0.00 $0.00 $5.04 $0.00 $5.04 $0.00 $1,429.51
2R 7.500000% $78.96 $0.49 $0.00 $0.49 $0.28 $0.35 $1.12 $0.00 $78.33
$19,044,262.03 $139,482.32 $0.00 $139,482.32 $67,765.17 $78,214.13 $285,461.62 $0.00 $18,898,282.73
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
$0.00 $0.00
SAXON MORTGAGE SECURITIES CORPORATION
Funds Account Activity Report
SMSC Series 1995-2
Payment Date: 25-Mar-97
Report Date: February
Collateral Proceeds Account
Beginning Balance $0.00
Deposits Withdrawals
Interest Net of Servicing Fee, Master
Fee and Trustee Fee $617,263.99 Interest Distribution $617,263.99
Principal $1,132,423.07 Principal Distribution $1,132,423.07
Servicing Fee* $17,361.25 Servicing Fee* $17,361.25
Master Servicing and Trustee $2,083.35 Master Servicing and $2,083.35
Deposits From Reserve Fund $0.00
Other Deposits $0.00
Total Deposit $1,769,131.66 Total Withdrawals $1,769,131.66
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.