SAXON MORTGAGE SECURITIES CORPORATION
Monthly Payment Report
Payment Statement
SMSC Series 1995-2--Pool One
Payment Date: 25-Apr-97
Reporting Month:March
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 Notional Balance
1A-1 7.500000% $36,090,424.14 $225,565.15 $0.00 $225,565.15 $39,690.64 $564,035.47 $829,291.26 $0.00 $35,486,698.03
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% $2,966,089.08 $18,538.06 $0.00 $18,538.06 $2,113.61 $0.00 $20,651.67 $0.00 $2,963,975.47
1B-2 7.500000% $1,297,663.67 $8,110.40 $0.00 $8,110.40 $924.71 $0.00 $9,035.11 $0.00 $1,296,738.96
1B-3 7.500000% $926,902.92 $5,793.14 $0.00 $5,793.14 $660.50 $0.00 $6,453.64 $0.00 $926,242.42
1B-4 7.500000% $1,223,511.52 $7,646.95 $0.00 $7,646.95 $871.87 $0.00 $8,518.82 $0.00 $1,222,639.65
1B-5 7.500000% $519,065.07 $3,244.16 $0.00 $3,244.16 $369.88 $0.00 $3,614.04 $0.00 $518,695.19
1B-6 7.500000% $667,973.85 $4,174.84 $0.00 $4,174.84 $475.99 $0.00 $4,650.83 $0.00 $667,497.86
1I 1.425038% $62,983,902.18 $74,795.35 $0.00 $74,795.35 $0.00 $0.00 $74,795.35 $0.00 $62,375,139.63
1P 0.000000% $3,102.34 $0.00 $0.00 $0.00 $1.02 $0.00 $1.02 $0.00 $3,101.32
1R 7.500000% $75.63 $14.57 $0.00 $14.57 $0.08 $1.19 $15.84 $0.00 $74.36
$63,303,308.22 $470,435.74 $0.00 $470,435.74 $45,108.30 $564,036.66 $1,079,580.70 $0.00 $62,694,163.26
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
Monthly Payment Report
Payment Statement
SMSC Series 1995-2--Pool Two
Payment Date: 25-Apr-97
Reporting Month:March
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 Notional Balance
2A 7.500000% $17,379,707.87 $108,623.17 $0.00 $108,623.17 $62,812.26 $165,923.12 $337,358.55 $0.00 $17,150,972.49
2B-1 7.500000% $617,955.26 $3,862.22 $0.00 $3,862.22 $2,233.36 $0.00 $6,095.58 $0.00 $615,721.90
2B-2 7.500000% $224,710.85 $1,404.44 $0.00 $1,404.44 $812.13 $0.00 $2,216.57 $0.00 $223,898.72
2B-3 7.500000% $224,710.85 $1,404.44 $0.00 $1,404.44 $812.13 $0.00 $2,216.57 $0.00 $223,898.72
2B-4 7.500000% $213,475.19 $1,334.22 $0.00 $1,334.22 $771.52 $0.00 $2,105.74 $0.00 $212,703.67
2B-5 7.500000% $112,355.40 $702.22 $0.00 $702.22 $406.07 $0.00 $1,108.29 $0.00 $111,949.33
2B-6 7.500000% $123,859.47 $774.12 $0.00 $774.12 $447.64 $0.00 $1,221.76 $0.00 $123,411.83
2I 1.315504% $18,540,902.30 $20,325.53 $0.00 $20,325.53 $0.00 $0.00 $20,325.53 $0.00 $18,307,946.73
2P 0.000000% $1,429.51 $0.00 $0.00 $0.00 $5.08 $0.00 $5.08 $0.00 $1,424.43
2R 7.500000% $78.33 $0.49 $0.00 $0.49 $0.28 $0.75 $1.52 $0.00 $77.30
$18,898,282.73 $138,430.85 $0.00 $138,430.85 $68,300.47 $165,923.87 $372,655.19 $0.00 $18,664,058.39
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
Payments per Bond Denomination
SMSC Series 1995-2--Pool One
Payment Date: 25-Apr-97
Reporting Month: March
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-Mar-97 4.72773889 4.72773889 12.6538138 $35,486,698.03 0.74378441
1A-2 $10,000,000.00 13.33% $1,000.00 31-Mar-97 6.25000000 6.25000000 0.00000000 $10,000,000.00 1.00000000
1A-3 $9,608,500.00 12.81% $1,000.00 31-Mar-97 6.24999948 6.24999948 0.00000000 $9,608,500.00 1.00000000
1B-1 $3,000,483.00 4.00% $1,000.00 31-Mar-97 6.17835862 6.17835862 0.70442325 $2,963,975.47 0.98783278
1B-2 $1,312,711.00 1.75% $1,000.00 31-Mar-97 6.17835914 6.17835914 0.70442771 $1,296,738.96 0.98783278
1B-3 $937,651.00 1.25% $1,000.00 31-Mar-97 6.17835421 6.17835421 0.70441987 $926,242.42 0.98783281
1B-4 $1,237,699.00 1.65% $1,000.00 31-Mar-97 6.17836001 6.17836001 0.70442814 $1,222,639.65 0.98783278
1B-5 $525,084.00 0.70% $1,000.00 31-Mar-97 6.17836384 6.17836384 0.70442063 $518,695.19 0.98783278
1B-6 $675,719.47 0.90% $1,000.00 31-Mar-97 6.17836275 6.17836275 0.70441954 $667,497.86 0.98783281
1I $0.00 0.00% $1,000.00 31-Mar-97 N/A N/A N/A $0.00 N/A
1P $3,138.94 0.00% $1,000.00 31-Mar-97 0.00000000 0.00000000 0.32495046 $3,101.32 0.98801506
1R $100.00 0.00% $1,000.00 31-Mar-97 145.70000000 145.70000000 12.70000000 $74.36 0.74360000
$75,012,086.41 $62,694,163.26
SAXON MORTGAGE SECURITIES CORPORATION
Payments per Bond Denomination
SMSC Series 1995-2--Pool Two
Payment Date: 25-Apr-97
Reporting Month: March
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-Mar-97 4.89646457 4.89646457 10.31082670 $17,150,972.49 0.77312353
2B-1 $654,275.00 2.75% $1,000.00 31-Mar-97 5.90305300 5.90305300 3.41348821 $615,721.90 0.94107508
2B-2 $237,918.00 1.00% $1,000.00 31-Mar-97 5.90304222 5.90304222 3.41348700 $223,898.72 0.94107516
2B-3 $237,918.00 1.00% $1,000.00 31-Mar-97 5.90304222 5.90304222 3.41348700 $223,898.72 0.94107516
2B-4 $226,022.00 0.95% $1,000.00 31-Mar-97 5.90305369 5.90305369 3.41347302 $212,703.67 0.94107507
2B-5 $118,959.00 0.50% $1,000.00 31-Mar-97 5.90304222 5.90304222 3.41352903 $111,949.33 0.94107491
2B-6 $131,139.17 0.55% $1,000.00 31-Mar-97 5.90304178 5.90304178 3.41347288 $123,411.83 0.94107527
2I $0.00 0.00% $1,000.00 31-Mar-97 N/A N/A N/A $0.00 N/A
2P $1,515.51 0.01% $1,000.00 31-Mar-97 0.00000000 0.00000000 3.35200692 $1,424.43 0.93990142
2R $100.00 0.00% $1,000.00 31-Mar-97 4.90000000 4.90000000 10.3000000 $77.30 0.77300000
$23,791,846.68 $18,664,058.39
SAXON MORTGAGE SECURITIES CORPORATION
Funds Account Activity Report
SMSC Series 1995-2
Payment Date: 25-Apr-97
Report Date: March
Collateral Proceeds Account
Beginning Balance $0.00
Deposits Withdrawals
Interest Net of Servicing Fee, Master
Fee and Trustee Fee $608,866.59 Interest Distribution $608,866.59
Principal $843,369.30 Principal Distribution $843,369.30
Servicing Fee* $17,125.33 Servicing Fee* $17,125.33
Master Servicing and Trustee $2,055.04 Master Servicing and Trustee Fee $2,055.04
Deposits From Reserve Fund $0.00
Other Deposits $0.00
Total Deposit $1,471,416.26 Total Withdrawals $1,471,416.26
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.
SAXON MORTGAGE SECURITIES CORPORATION
Credit Enhancement Summary
SMSC Series 1995-2--Pool One
Payment Date: 25-Apr-97
Reporting Month March
Reserve Funds and Subordination
Initial Coverage Beginning Coverage Adjustments Losses Insured Balance Ending Coverage
Type Purpose
Subordination 10.25% $7,689,347.47 12.01% $7,601,206.11 $0.00 $0.00 $62,694,163.26 12.12% $7,595,789.55
Delinquency Statistics
Current % of
# of Loans Balance Current Balance
30+ Days 7 $759,241 1.21%
60+ Days 2 $125,105 0.20%
90+ Days 5 $658,092 1.05%
Foreclosure 2 $455,605 0.73%
REO 4 $1,203,424 1.92%
Totals 20 $3,201,466 5.11%
Advances on Delinquencies $24,133.74
Non-Recoverable Advances on Delinquencies $0.00
SAXON MORTGAGE SECURITIES CORPORATION
Credit Enhancement Summary
SMSC Series 1995-2--Pool Two
Payment Date: 25-Apr-97
Reporting Month March
Reserve Funds and Subordination
Initial Coverage Beginning Coverage Adjustments Losses Insured Balance Ending Coverage
Type Purpose
Subordination 6.75% $1,606,231.17 8.03% $1,517,067.02 $0.00 $0.00 $18,664,058.36 8.10% $1,511,584.17
Delinquency Statistics
Current % of
# of Loans Balance Current Balance
30+ Days 2 $202,435 1.08%
60+ Days 1 $107,978 0.58%
90+ Days 1 $168,200 0.90%
Foreclosure 1 $410,927 2.20%
REO 0 $0 0.00%
Totals 5 $889,541 4.77%
Advances on Delinquencies $9,783.34
Non-Recoverable Advances on Delinquencies $0.00