SAXON MORTGAGE SECURITIES CORPORATION
Monthly Payment Report
Payment Statement
SMSC Series 1995-2--Pool One
Payment Date: 25-Jun-97
Reporting Month:May
Class Beginning Current Interest Scheduled Unscheduled Ending
Interest Principal Interest ShortFall Interest Principal Principal Total Realized Principal
Class Rate Balance Accrual (Recovery)Distributio Distributio Distributio Distribution Losses Balance
1A-1 7.500000% $34,401,810.00 $215,011.31 $0.00 $215,011.31 $39,196.00 $327,106.44 $581,313.75 $0.00 $34,035,507.56
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% $2,961,851.61 $18,511.57 $0.00 $18,511.57 $2,149.46 $0.00 $20,661.03 $0.00 $2,959,702.15
1B-2 7.500000% $1,295,809.77 $8,098.81 $0.00 $8,098.81 $940.39 $0.00 $9,039.20 $0.00 $1,294,869.38
1B-3 7.500000% $925,578.71 $5,784.87 $0.00 $5,784.87 $671.71 $0.00 $6,456.58 $0.00 $924,907.00
1B-4 7.500000% $1,221,763.56 $7,636.02 $0.00 $7,636.02 $886.65 $0.00 $8,522.67 $0.00 $1,220,876.91
1B-5 7.500000% $518,323.52 $3,239.52 $0.00 $3,239.52 $376.15 $0.00 $3,615.67 $0.00 $517,947.37
1B-6 7.500000% $613,648.69 $3,835.30 $0.00 $3,835.30 $0.00 $0.00 $3,835.30 $213,310.22 $400,338.47
1I 1.429131% $61,231,819.35 $72,923.55 $0.00 $72,923.55 $0.00 $0.00 $72,923.55 $0.00 $60,647,567.41
1P 0.000000% $3,100.29 $0.00 $0.00 $0.00 $1.04 $0.00 $1.04 $0.00 $3,099.25
1R 7.500000% $71.97 $14.55 $0.00 $14.55 $0.08 $1.13 $15.76 $0.00 $70.76
$61,550,458.12 $457,608.62 $0.00 $457,608.62 $44,221.48 $327,107.57 $828,937.67 $213,310.22 $60,965,818.85
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 $266,714.06 $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
$266,714.06 $0.00
SAXON MORTGAGE SECURITIES CORPORATION
Payments per Bond Denomination
SMSC Series 1995-2--Pool One
Payment Date: 25-Jun-97
Reporting Month: May
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-May-97 4.50653539 4.50653539 7.67752594 $34,035,507.56 0.71336814
1A-2 $10,000,000.00 13.33% $1,000.00 31-May-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-May-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-May-97 6.16953004 6.16953004 0.71637133 $2,959,702.15 0.98640857
1B-2 $1,312,711.00 1.75% $1,000.00 31-May-97 6.16953008 6.16953008 0.71637245 $1,294,869.38 0.98640857
1B-3 $937,651.00 1.25% $1,000.00 31-May-97 6.16953429 6.16953429 0.71637528 $924,907.00 0.98640859
1B-4 $1,237,699.00 1.65% $1,000.00 31-May-97 6.16952910 6.16952910 0.71636965 $1,220,876.91 0.98640858
1B-5 $525,084.00 0.70% $1,000.00 31-May-97 6.16952716 6.16952716 0.71636157 $517,947.37 0.98640859
1B-6 $675,719.47 0.90% $1,000.00 31-May-97 5.67587611 5.67587611 0.00000000 $400,338.47 0.59246253
1I $0.00 0.00% $1,000.00 31-May-97 N/A N/A N/A $0.00 N/A
1P $3,138.94 0.00% $1,000.00 31-May-97 0.00000000 0.00000000 0.33132204 $3,099.25 0.98735560
1R $100.00 0.00% $1,000.00 31-May-97 145.50000000 145.50000000 12.10000000 $70.76 0.70760000
$75,012,086.41 $60,965,818.85
SAXON MORTGAGE SECURITIES CORPORATION
Monthly Payment Report
Payment Statement
SMSC Series 1995-2--Pool Two
Payment Date: 25-Jun-97
Reporting Month:May
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% $17,072,937.88 $106,705.86 $0.00 $106,705.86 $63,425.25 $15,427.26 $185,558.37 $0.00 $16,994,085.37
2B-1 7.500000% $613,465.50 $3,834.16 $0.00 $3,834.16 $2,279.00 $0.00 $6,113.16 $0.00 $611,186.50
2B-2 7.500000% $223,078.21 $1,394.24 $0.00 $1,394.24 $828.73 $0.00 $2,222.97 $0.00 $222,249.48
2B-3 7.500000% $223,078.21 $1,394.24 $0.00 $1,394.24 $828.73 $0.00 $2,222.97 $0.00 $222,249.48
2B-4 7.500000% $211,924.19 $1,324.53 $0.00 $1,324.53 $787.29 $0.00 $2,111.82 $0.00 $211,136.90
2B-5 7.500000% $111,539.08 $697.12 $0.00 $697.12 $414.36 $0.00 $1,111.48 $0.00 $111,124.72
2B-6 7.500000% $122,959.57 $768.50 $0.00 $768.50 $456.79 $0.00 $1,225.29 $0.00 $122,502.78
2I 1.312309% $18,225,644.21 $19,931.40 $0.00 $19,931.40 $0.00 $0.00 $19,931.40 $0.00 $18,142,476.51
2P 0.000000% $1,419.32 $0.00 $0.00 $0.00 $5.14 $0.00 $5.14 $0.00 $1,414.18
2R 7.500000% $76.95 $0.48 $0.00 $0.48 $0.29 $0.07 $0.84 $0.00 $76.59
$18,580,478.91 $136,050.53 $0.00 $136,050.53 $69,025.58 $15,427.33 $220,503.44 $0.00 $18,496,026.00
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
$0.00 $0.00
SAXON MORTGAGE SECURITIES CORPORATION
Payments per Bond Denomination
SMSC Series 1995-2--Pool Two
Payment Date: 25-Jun-97
Reporting Month: May
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-May-97 4.81003696 4.81003696 3.55447665 $16,994,085.37 0.76605145
2B-1 $654,275.00 2.75% $1,000.00 31-May-97 5.86016583 5.86016583 3.48324481 $611,186.50 0.93414314
2B-2 $237,918.00 1.00% $1,000.00 31-May-97 5.86017031 5.86017031 3.48325894 $222,249.48 0.93414319
2B-3 $237,918.00 1.00% $1,000.00 31-May-97 5.86017031 5.86017031 3.48325894 $222,249.48 0.93414319
2B-4 $226,022.00 0.95% $1,000.00 31-May-97 5.86018175 5.86018175 3.48324499 $211,136.90 0.93414314
2B-5 $118,959.00 0.50% $1,000.00 31-May-97 5.86017031 5.86017031 3.48321691 $111,124.72 0.93414302
2B-6 $131,139.17 0.55% $1,000.00 31-May-97 5.86018655 5.86018655 3.48324608 $122,502.78 0.93414332
2I $0.00 0.00% $1,000.00 31-May-97 N/A N/A N/A $0.00 N/A
2P $1,515.51 0.01% $1,000.00 31-May-97 0.00000000 0.00000000 3.39159755 $1,414.18 0.93313802
2R $100.00 0.00% $1,000.00 31-May-97 4.80000000 4.80000000 3.60000000 $76.59 0.76590000
$23,791,846.68 $18,496,026.00
SAXON MORTGAGE SECURITIES CORPORATION
Funds Account Activity Report
SMSC Series 1995-2
Payment Date: 25-Jun-97
Report Date: May
Collateral Proceeds Account
Beginning Balance $0.00
Deposits Withdrawals
Interest Net of Servicing Fee, Master
Fee and Trustee Fee $593,659.15 Interest Distribution $593,659.15
Principal $455,781.96 Principal Distribution $455,781.96
Servicing Fee* $16,693.94 Servicing Fee* $16,693.94
Master Servicing and Trustee Fee $2,003.27 Master Servicing and Trustee Fee $2,003.27
Deposits From Reserve Fund $0.00
Other Deposits $0.00
Total Deposit $1,068,138.32 Total Withdrawals $1,068,138.32
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-Jun-97
Reporting Month May
Reserve Funds and Subordination
Initial Coverage Beginning Coverage Adjustments Losses Insured Balance Ending Coverage
Type Purpose
Subordination 10.25% $7,689,347.47 12.25% $7,536,975.86 $0.00 $213,310.22 $60,965,818.87 12.00% $7,318,641.28
Delinquency Statistics
Current % of
# of Loans Balance Current
30+ Days 10 $1,084,055 1.78%
60+ Days 0 $0 0.00%
90+ Days 7 $1,029,966 1.69%
Foreclosure 0 $0 0.00%
REO 4 $724,449 1.19%
Totals 21 $2,838,471 4.66%
Advances on Delinquencies $24,399.95
Non-Recoverable Advances on Delinquencies $0.00
SAXON MORTGAGE SECURITIES CORPORATION
Credit Enhancement Summary
SMSC Series 1995-2--Pool Two
Payment Date: 25-Jun-97
Reporting Month May
Reserve Funds and Subordination
Initial Coverage Beginning Coverage Adjustments Losses Insured Balance Ending Coverage
Type Purpose
Subordination 6.75%$1,606,231.17 8.11% $1,506,044.76 $0.00 $0.00$ 18,496,025.97 8.11% $1,500,449.86
Delinquency Statistics
Current % of
# of Loans Balance Current
30+ Days 2 $115,234 0.62%
60+ Days 1 $74,756 0.40%
90+ Days 2 $300,399 1.62%
Foreclosure 0 $0 0.00%
REO 1 $407,988 2.21%
Totals 6 $898,378 4.86%
Advances on Delinquencies $9,944.37
Non-Recoverable Advances on Delinquencies $0.00