SAXON MORTGAGE SECURITIES CORPORATION
PAYMENTS PER BOND DENOMINATION
SMSC SERIES 1995-2--POOL ONE
Payment Date: 25-May-96
Reporting Month: April
Interest Interest Principal Remaining
Original Original Integral Record Accrual Payment Payment Ending Principal
Class Balance Pct Pool Denomination Date Factor Factor Factor Balance Factor
- ------------------------------------------------------------------------------------------------------------------------------------
1A-1 $47,711,000.00 63.60% $1,000.00 30-Apr-96 5.77930708 5.77930708 9.11313177 $43,683,046.90 0.91557601
1A-2 $10,000,000.00 13.33% $1,000.00 30-Apr-96 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-96 6.25000052 6.25000052 0.00000000 $9,608,500.00 1.00000000
1B-1 $3,000,483.00 4.00% $1,000.00 30-Apr-96 6.22408126 6.22408126 0.62610253 $2,986,161.25 0.99522685
1B-2 $1,312,711.00 1.75% $1,000.00 30-Apr-96 6.22408131 6.22408131 0.62610125 $1,306,445.23 0.99522685
1B-3 $937,651.00 1.25% $1,000.00 30-Apr-96 6.22408551 6.22408551 0.62610716 $933,175.45 0.99522685
1B-4 $1,237,699.00 1.65% $1,000.00 30-Apr-96 6.22408195 6.22408195 0.62610538 $1,231,791.27 0.99522684
1B-5 $525,084.00 0.70% $1,000.00 30-Apr-96 6.22408986 6.22408986 0.62610935 $522,577.69 0.99522684
1B-6 $675,719.47 0.90% $1,000.00 30-Apr-96 6.22407698 6.22407698 0.62610302 $672,494.17 0.99522687
1I $0.00 0.00% $1,000.00 30-Apr-96 N/A N/A N/A $0.00 N/A
1P $3,138.94 0.00% $1,000.00 30-Apr-96 0.00000000 0.00000000 0.30264994 $3,112.21 0.99148439
1R $100.00 0.00% $1,000.00 30-Apr-96 5.80000000 5.80000000 9.10000000 $91.56 0.91560000
$75,012,086.41 $70,947,395.73
SAXON MORTGAGE SECURITIES CORPORATION
Credit Enhancement Summary
SMSC SERIES 1995-2--POOL ONE
Payment Date: 27-May-96
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 10.73% $7,657,459.39 $0.00 $0.00 $70,947,395.72 10.79% $7,652,645.06
DELINQUENCY STATISTICS
Current % of
# of Loans Balance Current Balance
30+ Days 6 $653,590 0.92%
60+ Days 4 $639,474 0.90%
90+ Days 3 $581,829 0.82%
Foreclosure 0 $0 0.00%
REO 0 $0 0.00%
Totals 13 $1,874,893 2.64%
Advances on Delinquencies $15,935.45
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-May-96
Reporting Month: April
Class Beginning Current Interest Scheduled Unscheduled
Interest Principal/Notional Interest ShortFall/ Interest Principal Principal Total
Class Rate Balance Accrual (Recovery) Distribution Distribution Distribution Distribution
- ---------------------------------------------------------------------------------------------------------------------------
1A-1 7.500000% $44,117,843.53 $275,736.52 $0.00 $275,736.52 $40,065.42 $394,731.21 $710,533.15
1A-2 7.500000% $10,000,000.00 $62,500.00 $0.00 $62,500.00 $0.00 $0.00 $62,500.00
1A-3 7.500000% $9,608,500.00 $60,053.13 $0.00 $60,053.13 $0.00 $0.00 $60,053.13
1B-1 7.500000% $2,988,039.86 $18,675.25 $0.00 $18,675.25 $1,878.61 $0.00 $20,553.86
1B-2 7.500000% $1,307,267.12 $8,170.42 $0.00 $8,170.42 $821.89 $0.00 $8,992.31
1B-3 7.500000% $933,762.52 $5,836.02 $0.00 $5,836.02 $587.07 $0.00 $6,423.09
1B-4 7.500000% $1,232,566.20 $7,703.54 $0.00 $7,703.54 $774.93 $0.00 $8,478.47
1B-5 7.500000% $522,906.45 $3,268.17 $0.00 $3,268.17 $328.76 $0.00 $3,596.93
1B-6 7.500000% $672,917.24 $4,205.73 $0.00 $4,205.73 $423.07 $0.00 $4,628.80
1I 0.010050% $71,063,553.71 $85,698.62 $0.00 $85,698.62 $0.00 $0.00 $85,698.62
1P 0.000000% $3,113.16 $0.00 $0.00 $0.00 $0.95 $0.00 $0.95
1R 7.500000% $92.47 $0.58 $0.00 $0.58 $0.08 $0.83 $1.49
$71,387,008.55 $531,847.98 $0.00 $531,847.98 $44,880.78 $394,732.04 $971,460.80
Ending
Realized Principal
Class Losses Notional Balance
- -----------------------------------
1A-1 $0.00 $43,683,046.90
1A-2 $0.00 $10,000,000.00
1A-3 $0.00 $9,608,500.00
1B-1 $0.00 $2,986,161.25
1B-2 $0.00 $1,306,445.23
1B-3 $0.00 $933,175.45
1B-4 $0.00 $1,231,791.27
1B-5 $0.00 $522,577.69
1B-6 $0.00 $672,494.17
1I $0.00 $70,624,297.29
1P $0.00 $3,112.21
1R $0.00 $91.56
$0.00 $70,947,395.73
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-May-96
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-96 5.53926704 5.53926704 6.67080554 $19,513,311.13 0.87961193
2B-1 $654,275.00 2.75% $1,000.00 30-Apr-96 6.12306752 6.12306752 3.04587521 $638,993.64 0.97664383
2B-2 $237,918.00 1.00% $1,000.00 30-Apr-96 6.12307602 6.12307602 3.04588135 $232,361.16 0.97664389
2B-3 $237,918.00 1.00% $1,000.00 30-Apr-96 6.12307602 6.12307602 3.04588135 $232,361.16 0.97664389
2B-4 $226,022.00 0.95% $1,000.00 30-Apr-96 6.12307651 6.12307651 3.04589819 $220,742.98 0.97664378
2B-5 $118,959.00 0.50% $1,000.00 30-Apr-96 6.12303399 6.12303399 3.04583932 $116,180.57 0.97664380
2B-6 $131,139.17 0.55% $1,000.00 30-Apr-96 6.12303708 6.12303708 3.04584816 $128,076.27 0.97664390
2I $0.00 0.00% $1,000.00 30-Apr-96 N/A N/A N/A $0.00 N/A
2P $1,515.51 0.01% $1,000.00 30-Apr-96 0.00000000 0.00000000 3.12106156 $1,478.50 0.97557918
2R $100.00 0.00% $1,000.00 30-Apr-96 5.50000000 5.50000000 6.70000000 $87.96 0.87960000
$23,791,846.68 $21,083,593.37
SAXON MORTGAGE SECURITIES CORPORATION
Credit Enhancement Summary
SMSC SERIES 1995-2--POOL TWO
Payment Date: 27-May-96
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 7.41% $1,573,608.16 $0.00 $0.00 $21,083,593.36 7.44% $1,568,715.78
DELINQUENCY STATISTICS
Current % of
# of Loans Balance Current Balance
30+ Days 1 $236,927 1.12%
60+ Days 1 $111,835 0.53%
90+ Days 0 $0 0.00%
Foreclosure 0 $0 0.00%
REO 0 $0 0.00%
Totals 2 $348,762 1.65%
Advances on Delinquencies $3,682.03
Non-Recoverable Advances on Delinquencies $0.00
SAXON MORTGAGE SECURITIES CORPORATION
FUNDS ACCOUNT ACTIVITY REPORT
SMSC SERIES 1995-2
PAYMENT DATE: 25-MAY-96
REPORT DATE: APRIL
COLLATERAL PROCEEDS ACCOUNT
Beginning Balance $0.00
DEPOSITS WITHDRAWALS
Interest Net of Servicing Fee, Master Servicing
Fee and Trustee Fee $687,670.54 Interest Distribution $687,670.54
Principal $592,495.75 Principal Distribution $592,495.75
Servicing Fee* $19,296.56 Servicing Fee* $19,296.56
Master Servicing and Trustee Fee* $2,315.58 Master Servicing and TrusteeFee* $2,315.58
Deposits From Reserve Fund $0.00
Other Deposits $0.00
TOTAL DEPOSIT $1,301,778.43 TOTAL WITHDRAWALS $1,301,778.43
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
Monthly Payment Report
Payment Statement
SMSC Series 1995-2--Pool Two
Payment Date: 25-May-96
Reporting Month: April
Class Beginning Current Interest Scheduled Unscheduled
Interest Principal/Notional Interest ShortFall/ Interest Principal Principal Total
Class Rate Balance Accrual (Recovery) Distribution Distribution Distribution Distribution
2A 7.500000% $19,661,296.28 $122,883.10 $0.00 $122,883.10 $61,127.40 $86,857.75 $270,868.25
2B-1 7.500000% $640,986.48 $4,006.17 $0.00 $4,006.17 $1,992.84 $0.00 $5,999.01
2B-2 7.500000% $233,085.83 $1,456.79 $0.00 $1,456.79 $724.67 $0.00 $2,181.46
2B-3 7.500000% $233,085.83 $1,456.79 $0.00 $1,456.79 $724.67 $0.00 $2,181.46
2B-4 7.500000% $221,431.42 $1,383.95 $0.00 $1,383.95 $688.44 $0.00 $2,072.39
2B-5 7.500000% $116,542.90 $728.39 $0.00 $728.39 $362.33 $0.00 $1,090.72
2B-6 7.500000% $128,475.70 $802.97 $0.00 $802.97 $399.43 $0.00 $1,202.40
2I 0.009227% $20,865,665.43 $23,103.85 $0.00 $23,103.85 $0.00 $0.00 $23,103.85
2P 0.000000% $1,483.23 $0.00 $0.00 $0.00 $4.73 $0.00 $4.73
2R 7.500000% $88.63 $0.55 $0.00 $0.55 $0.28 $0.39 $1.22
$21,236,476.30 $155,822.56 $0.00 $155,822.56 $66,024.79 $86,858.14 $308,705.49
Ending
Realized Principal
Class Losses Notional Balance
2A $0.00 $19,513,311.13
2B-1 $0.00 $638,993.64
2B-2 $0.00 $232,361.16
2B-3 $0.00 $232,361.16
2B-4 $0.00 $220,742.98
2B-5 $0.00 $116,180.57
2B-6 $0.00 $128,076.27
2I $0.00 $20,713,964.53
2P $0.00 $1,478.50
2R $0.00 $87.96
$0.00 $21,083,593.37
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