SAXON MORTGAGE SECURITIES CORPORATION
Monthly Payment Report
Payment Statement
SMSC Series 1995-2--Pool One
Payment Date: 27-May-97
Reporting Month:April
Class Beginning Current Interest Scheduled Unscheduled Ending
Interest Principal Interest ShortFall/ Interest Principal Principal Total Realized Principal
Class Rate Balance Accrual (Recovery) Distributio Distributi Distribution Distribution Losses Balance
1A-1 7.500000% $35,486,698.03 $221,791.86 $0.00 $221,791.86 $39,478.81 $1,045,409.22$1,306,679.89 $0.00 $34,401,810.00
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% $2,963,975.47 $18,524.85 $0.00 $18,524.85 $2,123.86 $0.00 $20,648.71 $0.00 $2,961,851.61
1B-2 7.500000% $1,296,738.96 $8,104.62 $0.00 $8,104.62 $929.19 $0.00 $9,033.81 $0.00 $1,295,809.77
1B-3 7.500000% $926,242.42 $5,789.02 $0.00 $5,789.02 $663.71 $0.00 $6,452.73 $0.00 $925,578.71
1B-4 7.500000% $1,222,639.65 $7,641.50 $0.00 $7,641.50 $876.09 $0.00 $8,517.59 $0.00 $1,221,763.56
1B-5 7.500000% $518,695.19 $3,241.84 $0.00 $3,241.84 $371.67 $0.00 $3,613.51 $0.00 $518,323.52
1B-6 7.500000% $667,497.86 $4,171.86 $0.00 $4,171.86 $0.00 $0.00 $4,171.86 $53,849.17 $613,648.69
1I 1.430402% $62,375,139.63 $74,351.26 $0.00 $74,351.26 $0.00 $0.00 $74,351.26 $0.00 $61,231,819.35
1P 0.000000% $3,101.32 $0.00 $0.00 $0.00 $1.03 $0.00 $1.03 $0.00 $3,100.29
1R 7.500000% $74.36 $14.56 $0.00 $14.56 $0.08 $2.31 $16.95 $0.00 $71.97
$62,694,163.26 $466,184.49 $0.00 $466,184.49 $44,444.44$1,045,411.53$1,556,040.46 $53,849.17 $61,550,458.12
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 $53,849.17 $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: 27-May-97
Reporting Month:April
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% $17,150,972.49 $107,193.58 $0.00 $107,193.58 $62,852.29 $15,182.32 $185,228.19 $0.00 $17,072,937.88
2B-1 7.500000% $615,721.90 $3,848.26 $0.00 $3,848.26 $2,256.40 $0.00 $6,104.66 $0.00 $613,465.50
2B-2 7.500000% $223,898.72 $1,399.37 $0.00 $1,399.37 $820.51 $0.00 $2,219.88 $0.00 $223,078.21
2B-3 7.500000% $223,898.72 $1,399.37 $0.00 $1,399.37 $820.51 $0.00 $2,219.88 $0.00 $223,078.21
2B-4 7.500000% $212,703.67 $1,329.40 $0.00 $1,329.40 $779.48 $0.00 $2,108.88 $0.00 $211,924.19
2B-5 7.500000% $111,949.33 $699.68 $0.00 $699.68 $410.25 $0.00 $1,109.93 $0.00 $111,539.08
2B-6 7.500000% $123,411.83 $771.32 $0.00 $771.32 $452.26 $0.00 $1,223.58 $0.00 $122,959.57
2I 1.312088% $18,307,946.73 $20,018.03 $0.00 $20,018.03 $0.00 $0.00 $20,018.03 $0.00 $18,225,644.21
2P 0.000000% $1,424.43 $0.00 $0.00 $0.00 $5.11 $0.00 $5.11 $0.00 $1,419.32
2R 7.500000% $77.30 $0.48 $0.00 $0.48 $0.28 $0.07 $0.83 $0.00 $76.95
$18,664,058.39 $136,659.49 $0.00 $136,659.49 $68,397.09 $15,182.39 $220,238.97 $0.00 $18,580,478.91
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: 27-May-97
Reporting Month: April
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 30-Apr-97 4.64865251 4.64865251 22.73874010 $34,401,810.00 0.72104567
1A-2 $10,000,000.00 13.33% $1,000.00 30-Apr-97 6.25000000 6.25000000 0.00000000 $10,000,000.00 1.00000000
1A-3 $9,608,500.00 12.81% $1,000.00 30-Apr-97 6.24999948 6.24999948 0.00000000 $9,608,500.00 1.00000000
1B-1 $3,000,483.00 4.00% $1,000.00 30-Apr-97 6.17395599 6.17395599 0.70783937 $2,961,851.61 0.98712494
1B-2 $1,312,711.00 1.75% $1,000.00 30-Apr-97 6.17395603 6.17395603 0.70784049 $1,295,809.77 0.98712494
1B-3 $937,651.00 1.25% $1,000.00 30-Apr-97 6.17396025 6.17396025 0.70784332 $925,578.71 0.98712496
1B-4 $1,237,699.00 1.65% $1,000.00 30-Apr-97 6.17395667 6.17395667 0.70783769 $1,221,763.56 0.98712495
1B-5 $525,084.00 0.70% $1,000.00 30-Apr-97 6.17394550 6.17394550 0.70782960 $518,323.52 0.98712496
1B-6 $675,719.47 0.90% $1,000.00 30-Apr-97 6.17395263 6.17395263 0.00000000 $613,648.69 0.90814120
1I $0.00 0.00% $1,000.00 30-Apr-97 N/A N/A N/A $0.00 N/A
1P $3,138.94 0.00% $1,000.00 30-Apr-97 0.00000000 0.00000000 0.32813625 $3,100.29 0.98768693
1R $100.00 0.00% $1,000.00 30-Apr-97 145.60000000 145.60000000 23.90000000 $71.97 0.71970000
$75,012,086.41 $61,550,458.12
SAXON MORTGAGE SECURITIES CORPORATION
Payments per Bond Denomination
SMSC Series 1995-2--Pool Two
Payment Date: 27-May-97
Reporting Month: April
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 30-Apr-97 4.83202218 4.83202218 3.51760774 $17,072,937.88 0.76960593
2B-1 $654,275.00 2.75% $1,000.00 30-Apr-97 5.88171640 5.88171640 3.44870276 $613,465.50 0.93762638
2B-2 $237,918.00 1.00% $1,000.00 30-Apr-97 5.88173236 5.88173236 3.44870922 $223,078.21 0.93762645
2B-3 $237,918.00 1.00% $1,000.00 30-Apr-97 5.88173236 5.88173236 3.44870922 $223,078.21 0.93762645
2B-4 $226,022.00 0.95% $1,000.00 30-Apr-97 5.88172833 5.88172833 3.44869084 $211,924.19 0.93762638
2B-5 $118,959.00 0.50% $1,000.00 30-Apr-97 5.88169033 5.88169033 3.44866719 $111,539.08 0.93762624
2B-6 $131,139.17 0.55% $1,000.00 30-Apr-97 5.88169042 5.88169042 3.44870263 $122,959.57 0.93762657
2I $0.00 0.00% $1,000.00 30-Apr-97 N/A N/A N/A $0.00 N/A
2P $1,515.51 0.01% $1,000.00 30-Apr-97 0.00000000 0.00000000 3.37180223 $1,419.32 0.93652962
2R $100.00 0.00% $1,000.00 30-Apr-97 4.80000000 4.80000000 3.50000000 $76.95 0.76950000
$23,791,846.68 $18,580,478.91
SAXON MORTGAGE SECURITIES CORPORATION
Funds Account Activity Report
SMSC Series 1995-2
Payment Date: 27-May-97
Report Date: April
Collateral Proceeds Account
Beginning Balance $0.00
Deposits Withdrawals
Interest Net of Servicing Fee, Master
Fee and Trustee Fee $602,843.98 Interest Distribution $602,843.98
Principal $1,173,435.45 Principal Distribution $1,173,435.45
Servicing Fee* $16,949.63 Servicing Fee* $16,949.63
Master Servicing and Trustee $2,033.95 Master Servicing and $2,033.95
Deposits From Reserve Fund $0.00
Other Deposits $0.00
Total Deposit $1,795,263.01 Total Withdrawals $1,795,263.01
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: 27-May-97
Reporting Month April
Reserve Funds and Subordination
Initial Coverage Beginning Coverage Adjustments Losses Insured Balance Ending Coverage
Type Purpose
Subordination 10.25% $7,689,347.47 12.12% $7,595,789.55 $0.00 $53,849.17 $61,550,458.13 12.25% $7,536,975.86
Delinquency Statistics
Current % of
# of Loans Balance Current
30+ Days 10 $1,525,309 2.48%
60+ Days 3 $337,246 0.55%
90+ Days 4 $437,401 0.71%
Foreclosure 0 $0 0.00%
REO 6 $1,343,398 2.18%
Totals 23 $3,643,354 5.92%
Advances on Delinquencies $30,953.77
Non-Recoverable Advances on Delinquencies $0.00
SAXON MORTGAGE SECURITIES CORPORATION
Credit Enhancement Summary
SMSC Series 1995-2--Pool Two
Payment Date: 27-May-97
Reporting Month April
Reserve Funds and Subordination
Initial Coverage Beginning Coverage Adjustments Losses Insured Balance Ending Coverage
Type Purpose
Subordination 6.75% $1,606,231.17 8.10% $1,511,584.17 $0.00 $0.00 $18,580,478.87 8.11% $1,506,044.76
Delinquency Statistics
Current % of
# of Loans Balance Current
30+ Days 4 $300,056 1.61%
60+ Days 2 $184,055 0.99%
90+ Days 1 $409,464 2.20%
Foreclosure 0 $0 0.00%
REO 1 $167,619 0.90%
Totals 8 $1,061,194 5.71%
Advances on Delinquencies $11,662.40
Non-Recoverable Advances on Delinquencies $0.00