SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant To Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 27, 2000
SAXON ASSET SCEURITIES COMPANY,
as Depositor, Saxon Mortgage, Inc., as Master Servicer,
and Bankers Trust Company, as Trustee under the Trust Agreement
dated as of September 1, 2000 (the "Trust Agreement") and the
Standard Terms to Trust Agreement (February 2000 Edition) (the
"Standard Terms"), providing for the issuance of the Saxon Asset
Securities Trust 2000-3 Mortgage Loan Asset Backed Certificates
Series 2000-3.
SAXON ASSET SECURITIES TRUST 2000-3 MORTGAGE
LOAN ASSET BACKED CERTIFICATES SERIES 2000-3
(Exact name of Registrant as specified in its Charter)
VIRGINIA
(State or Other Jurisdiction of Incorporation)
34-0-20552 54-1810895
(Commission File Number) (I.R.S. Employer Identification No.)
4880 COX ROAD
GLEN ALLEN, VIRGINIA 23060
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: (804) 967-7400
Item 5. Other Events
Attached hereto is a copy of the Monthly Remittance Statements to the
Certificateholders which was derived from the monthly information
submitted by the Master Servicer of the Trust to the Trustee.
Item 7. Financial Statement and Exhibits
Exhibits: (as noted in Item 5 above)
Monthly Remittance Statement to the Certificateholders dated as of
November 27, 2000.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned, hereunto duly authorized.
Bankers Trust Company, not in its individual
capacity, but solely as a duly authorized
agent of the Registrant pursuant to the
Trust Agreement, dated as of September 1,
2000.
Date: January 8, 2001 By: /s/ Judy L. Gomez
Judy L. Gomez
Assistant Vice President
EXHIBIT INDEX
DOCUMENT
Monthly Remittance Statement to the Certificateholders
dated as of November 27, 2000.
Saxon Asset Securities Trust 2000-3
Mortgage Loan Asset-Backed Certificates
November 27, 2000 Distribution
Contents
TABLE OF CONTENTS
> Page
1. Cont
>ents 1
2. Cert
>ificate Payment Report 2
3. Coll
>ection Account Report 10
4. Cred
>it Enhancement Report 13
5. Coll
>ateral Report 14
6. Deli
>nquency Report 17
7. REO
>Report 20
8. Prep
>ayment Report 21
9. Prep
>ayment Detail Report 24
10. Real
>ized Loss Report 25
11. Real
>ized Loss Detail Report 28
12. Trig
>gers, Adj. Rate Cert. and Miscellaneous Report 29
13. Addi
>tional Certificate Report 30
Tota
>l Number of Pages
> 30
CONTACTS
Adm
>inistrator: Barbara A Campbell
Dir
>ect Phone Number: (714)247-6278
Add
>ress: Deutsche Bank
> 1761 E. St. Andrew Place, Santa Ana, CA 92705
Web
> Site: http://www-apps.gis.deutsche-bank.com/invr
Fac
>tor Information: (800) 735-7777
Mai
>n Phone Number: (714) 247-6000
ISSUANCE INFORMATION
Seller: Saxon
> Cut-Off Date:
> September 1, 2000
Certificate Insurer:
> Closing Date:
> September 28, 2000
Servicer(s): Saxon Master S
>ervicer First Payment Date:
> October 25, 2000
Meritech Mortgage
> Sub-Servicer
Underwriter(s): Greenwich Capital M
>arkets, Inc. Lead Underwriter Distribution Date:
> November 27, 2000
Banc Of America Sec
>urities LLC Underwriter Record Date:
> October 31, 2000
CS First Boston
> Underwriter
Prudential Securiti
>es Incorporated Underwriter
> Page 1 of 30
> (c) COPYRIGHT 2000 Deutsche Bank
HISTORICAL DATA
> - STATEMENT 1 GROUP TOTAL
2
issue_idperiod
> t_del_0_t_del_1_t_del_2_t_del_3_t_del_4_t_del_0 t_del_1 t_del_2 t_del_
>3 t_del_4 t_for_0_t_for_1_t_for_2_t_for_3_t_for_4_t_for_0 t_for_1 t_for_2 t_for
>_3
SX0003 200011
> 08725489127315297 1664313 0 0 877 284 14
> 0 0 0 296052373661.55 0 0 0 28 1
> 0
SX0003 200010
> 026609.26 0 0 0 0 1 0 0
> 0 0 0 0 0 0 0 0 0 0
> 0
HISTORICAL DATA
> - STATEMENT 1 GROUP 1
2
issue_idperiod
> sub_poolt_del_0_t_del_1_t_del_2_t_del_3_t_del_4_t_del_0 t_del_1 t_del_2 t_del_
>3 t_del_4 t_for_0_t_for_1_t_for_2_t_for_3_t_for_4_t_for_0 t_for_1 t_for_2 t_for
>_3
SX0003 200011
> 14423238212515949691630.1 0 0 520 156 7
> 0 0 0 1612172 0 0 0 0 19 0
> 0
SX0003 200010
> 126609.26 0 0 0 0 1 0 0
> 0 0 0 0 0 0 0 0 0 0
> 0
HISTORICAL DATA
> - STATEMENT 1 GROUP 2
2
issue_idperiod
> sub_poolt_del_0_t_del_1_t_del_2_t_del_3_t_del_4_t_del_0 t_del_1 t_del_2 t_del_
>3 t_del_4 t_for_0_t_for_1_t_for_2_t_for_3_t_for_4_t_for_0 t_for_1 t_for_2 t_for
>_3
SX0003 200011
> 24302250914799348972683.4 0 0 357 128 7
> 0 0 0 134835173661.55 0 0 0 9 1
> 0
SX0003 200010
> 2 0 0 0 0 0 0 0 0
> 0 0 0 0 0 0 0 0 0 0
> 0
HISTORICAL DATA
> - STATEMENT 1 GROUP 3
0
issue_idperiod
> sub_poolt_del_0_t_del_1_t_del_2_t_del_3_t_del_4_t_del_0 t_del_1 t_del_2 t_del_
>3 t_del_4 t_for_0_t_for_1_t_for_2_t_for_3_t_for_4_t_for_0 t_for_1 t_for_2 t_for
>_3
HISTORICAL DATA
> - STATEMENT 1 GROUP 4
0
issue_idperiod
> sub_poolt_del_0_t_del_1_t_del_2_t_del_3_t_del_4_t_del_0 t_del_1 t_del_2 t_del_
>3 t_del_4 t_for_0_t_for_1_t_for_2_t_for_3_t_for_4_t_for_0 t_for_1 t_for_2 t_for
>_3
>
> 29 0
t_for_4 t_bnk_0_t_bnk_1_t_bnk_2_t_bnk_3_t_bnk_4_t_bnk_0 t_bnk_1 t_bnk_2 t_bnk_3
> t_bnk_4 t_reo_0_t_reo_1_t_reo_2_t_reo_3_t_reo_4_t_reo_0 t_reo_1 t_reo_2 t_reo_
>3 t_reo_4 t_del_tot_del_tot_for_tot_for_tot_bnk_tot_bnk_tot_reo_tot_reo_tot_beg
>_ba
0525359.6 0 0 0 0 6 0 0
>0 0 0 0 0 0 0 0 0 0
> 0 028979611 298 3034184 29525359.6 6 0 06.73E
>+08
0 0 0 0 0 0 0 0 0
>0 0 0 0 0 0 0 0 0 0
> 0 0 0 0 0 0 0 0 0 0 5.1E
>+08
t_for_4 t_bnk_0_t_bnk_1_t_bnk_2_t_bnk_3_t_bnk_4_t_bnk_0 t_bnk_1 t_bnk_2 t_bnk_3
> t_bnk_4 t_reo_0_t_reo_1_t_reo_2_t_reo_3_t_reo_4_t_reo_0 t_reo_1 t_reo_2 t_reo_
>3 t_reo_4 t_del_tot_del_tot_for_tot_for_tot_bnk_tot_bnk_tot_reo_tot_reo_tot_beg
>_ba
0389168.9 0 0 0 0 4 0 0
>0 0 0 0 0 0 0 0 0 0
> 0 013207579 163 1612172 19389168.9 4 0 03.39E
>+08
0 0 0 0 0 0 0 0 0
>0 0 0 0 0 0 0 0 0 0
> 0 0 0 0 0 0 0 0 0 02.58E
>+08
t_for_4 t_bnk_0_t_bnk_1_t_bnk_2_t_bnk_3_t_bnk_4_t_bnk_0 t_bnk_1 t_bnk_2 t_bnk_3
> t_bnk_4 t_reo_0_t_reo_1_t_reo_2_t_reo_3_t_reo_4_t_reo_0 t_reo_1 t_reo_2 t_reo_
>3 t_reo_4 t_del_tot_del_tot_for_tot_for_tot_bnk_tot_bnk_tot_reo_tot_reo_tot_beg
>_ba
0136190.8 0 0 0 0 2 0 0
>0 0 0 0 0 0 0 0 0 0
> 0 015772031 135 1422013 10136190.8 2 0 03.34E
>+08
0 0 0 0 0 0 0 0 0
>0 0 0 0 0 0 0 0 0 0
> 0 0 0 0 0 0 0 0 0 02.52E
>+08
t_for_4 t_bnk_0_t_bnk_1_t_bnk_2_t_bnk_3_t_bnk_4_t_bnk_0 t_bnk_1 t_bnk_2 t_bnk_3
> t_bnk_4 t_reo_0_t_reo_1_t_reo_2_t_reo_3_t_reo_4_t_reo_0 t_reo_1 t_reo_2 t_reo_
>3 t_reo_4 t_del_tot_del_tot_for_tot_for_tot_bnk_tot_bnk_tot_reo_tot_reo_tot_beg
>_ba
t_for_4 t_bnk_0_t_bnk_1_t_bnk_2_t_bnk_3_t_bnk_4_t_bnk_0 t_bnk_1 t_bnk_2 t_bnk_3
> t_bnk_4 t_reo_0_t_reo_1_t_reo_2_t_reo_3_t_reo_4_t_reo_0 t_reo_1 t_reo_2 t_reo_
>3 t_reo_4 t_del_tot_del_tot_for_tot_for_tot_bnk_tot_bnk_tot_reo_tot_reo_tot_beg
>_ba
37
>3 0 357.503
> 0 0 0.04334355
524130 5684601123823.763870.66 0 55
>3 0 226.697
> 0
t_prepayt_repur
>ct_liquid_loan warat was
> wa_grosswa_max_iwa_min_iwa_per_cwa_per_cup_down
t_end_bat_beg_lot_end_lot_sch_prt_prepayt_curt t_repurct_liquidt_prepayt_repur
>ct_liquidt_prepayt_curr_st_del_sft_curr_wt_curr_wt_curr_wt_wamm warat was
> wa_grosswa_max_iwa_min_iwa_per_cwa_per_cpool_reareo_bookt_del_1_2_bal_p
6.69E+08 6843 6803299523.3 396939763485.9563870.66 0 37
>3 0 2834.18232473.9 49899726741546928568068949180 291.97348.41732.6304
>380.0075060.0851770.0528710.0026411.36E-06 0 0 0.043343552
5.08E+08 5194 5176224606.7 171520360337.71 0 0 18
>0 0 0208933.6 11.09549970015248966552234891291.7071291.30812.3369
>31 00.0843630.052425 0 0 0 0 0
>
> 0 0.03918606
299076.8 278476682522.4345760.84 0 31
>2 0
> 0
t_prepayt_repur
>ct_liquid_loan warat was
> wa_grosswa_max_iwa_min_iwa_per_cwa_per_cup_down
t_end_bat_beg_lot_end_lot_sch_prt_prepayt_curt t_repurct_liquidt_prepayt_repur
>ct_liquidt_prepayt_curr_st_del_sft_curr_wt_curr_wt_curr_wt_wamm warat was
> wa_grosswa_max_iwa_min_iwa_per_cwa_per_cpool_reareo_bookt_del_1_2_bal_p
3.37E+08 4167 4144170120.5 194627547804.9545760.84 0 21
>2 0 847.31118513.224800.64366596933493992734770298 228339.7981 2.443
>37 0 0 0 0 0 0 0 0.039186064
2.57E+08 3168 3158128956.3838490.534717.48 0 0 10
>0 0 0105625.1 11.09281913962692376226794838 227226.69712.1801
>03 0 0 0 0 0 0 0 0
>
> 0 0.04756992
225053.3 289983541301.2318109.82 0 24
>1 0
> 0
t_prepayt_repur
>ct_liquid_loan warat was
> wa_grosswa_max_iwa_min_iwa_per_cwa_per_cup_down
t_end_bat_beg_lot_end_lot_sch_prt_prepayt_curt t_repurct_liquidt_prepayt_repur
>ct_liquidt_prepayt_curr_st_del_sft_curr_wt_curr_wt_curr_wt_wamm warat was
> wa_grosswa_max_iwa_min_iwa_per_cwa_per_cpool_reareo_bookt_del_1_2_bal_p
3.32E+08 2676 2659129402.8 2023122 1568118109.82 0 16
>1 0 1986.87113960.725098.36360144613434575234178882 357357.17942.8206
>060.0151370.1717610.1066160.0053262.74E-06 0 0 0.047569922
2.51E+08 2026 201895650.45876712.925620.23 0 0 8
>0 0 0103308.5 0268056052556590325440053 358357.50242.4976
>02 00.170786 0.10613 0 0 0 0 0
>
> 0 0
0 0 0 0 0 0
>0 0
> 0
t_prepayt_repur
>ct_liquid_loan warat was
> wa_grosswa_max_iwa_min_iwa_per_cwa_per_cup_down
t_end_bat_beg_lot_end_lot_sch_prt_prepayt_curt t_repurct_liquidt_prepayt_repur
>ct_liquidt_prepayt_curr_st_del_sft_curr_wt_curr_wt_curr_wt_wamm warat was
> wa_grosswa_max_iwa_min_iwa_per_cwa_per_cpool_reareo_bookt_del_1_2_bal_p
>
> 0 0
0 0 0 0 0 0
>0 0
> 0
t_prepayt_repur
>ct_liquid_loan warat was
> wa_grosswa_max_iwa_min_iwa_per_cwa_per_cup_down
t_end_bat_beg_lot_end_lot_sch_prt_prepayt_curt t_repurct_liquidt_prepayt_repur
>ct_liquidt_prepayt_curr_st_del_sft_curr_wt_curr_wt_curr_wt_wamm warat was
> wa_grosswa_max_iwa_min_iwa_per_cwa_per_cpool_reareo_bookt_del_1_2_bal_p
0 0.043343550.0045380.000786 0 0.
>11
0 0.1
>06
BankruptREO Total Total Total
>
> Total Total Total
t_del_3_4_bal_pt_del_total_bal_p t_for_tot_bnk_tot_reo_toPeriod t_end_bawac
> 1or 2 pa3+ pay 6del_totafor_totabnk_totareo_tota1MSMM (1-1MSMM3MSMM 12MSM
>M CUMSMM 1MCPR 3MCPR 12MCPR CUMCPR MIN(30,W1MPSA 3MPSA 12MPSA
0 0.0433435520.0045380.000786 0 Nov-00668.60260.1079
>86 0.00609 0.99391
> 0.0047890.070681 0.0559772.630438 13.4353
0 0 0 0 0 Oct-00507.54720.1079
>33 0.0034860.996514
> 0.003486 0.04104 0.041042.3369318.780781
0 0.039186060.0047830.001155 0
BankruptREO Fixed Fixed Fixed
>
> Fixed Fixed Fixed
t_del_3_4_bal_pt_del_total_bal_p t_for_tot_bnk_tot_reo_toPeriod t_end_bawac
> 1or 2 pa1or 2 padel_totafor_totabnk_totareo_tota1MSMM (1-1MSMM3MSMM 12MSM
>M CUMSMM 1MCPR 3MCPR 12MCPR CUMCPR MIN(30,W1MPSA 3MPSA 12MPSA
0 0.0391860640.0047830.001155 0 Nov-00337.04790.1080
>59 0.0060160.993984
> 0.0047030.069847 0.054997 2.4433714.29315
0 0 0 0 0 Oct-00256.84540.1093
>34 0.0033880.996612
> 0.0033880.039909 0.0399092.1801039.153116
0 0.047569920.0042890.000411 0
BankruptREO AdjustabAdjustabAdjust
>able
> Adjustable Adjustable Adjustable
t_del_3_4_bal_pt_del_total_bal_p t_for_tot_bnk_tot_reo_toPeriod t_end_bawac
> 1or 2 pa3+ pay 6del_totafor_totabnk_totareo_tota1MSMM (1-1MSMM3MSMM 12MSM
>M CUMSMM 1MCPR 3MCPR 12MCPR CUMCPR MIN(30,W1MPSA 3MPSA 12MPSA
0 0.0475699220.0042890.000411 0 Nov-00331.55470.1079
>11 0.0061660.993834
> 0.0048770.071529 0.0569772.82060612.67972
0 0 0 0 0 Oct-00250.70170.1064
>98 0.0035860.996414
> 0.0035860.042197 0.0421972.4976028.447514
0 0 0 0 0
BankruptREO
t_del_3_4_bal_pt_del_total_bal_p t_for_tot_bnk_tot_reo_toPeriod t_end_bawac
> 1or 2 pa3+ pay 6del_totafor_totabnk_totareo_tota1MSMM (1-1MSMM3MSMM 12MSM
>M CUMSMM 1MCPR 3MCPR 12MCPR CUMCPR MIN(30,W1MPSA 3MPSA 12MPSA
0 0 0 0 0
BankruptREO
t_del_3_4_bal_pt_del_total_bal_p t_for_tot_bnk_tot_reo_toPeriod t_end_bawac
> 1or 2 pa3+ pay 6del_totafor_totabnk_totareo_tota1MSMM (1-1MSMM3MSMM 12MSM
>M CUMSMM 1MCPR 3MCPR 12MCPR CUMCPR MIN(30,W1MPSA 3MPSA 12MPSA
>
> Printing Pages Starting# Pages # Pag
>es
Total Total
>
> 1 1Contents 1 1
CUMPSA prep+cur1MMDR (1-MDR) 3MMDR 12MMDR CUMMDR 1MCDR 3MCDR 12MCDR
> CUMCDR 1MSDA 3MSDA 12MSDA CUMSDA loss_sev3M_loss_12M_lossCUM_loss_sever
>ity 2 2Certificate Payment Repo 2 8
> 0
11.268974096.754 0 1 0 0
> 0 0 0
> 3 3Collection Account Repor 10 3
> 0
8.7807811775.541 0 1 0 0
> 0 0 0
> 4 4Credit Enhancement Repor 13 1
>
> 5 5Collateral Report 14 3
> 0
>
> 6 6Delinquency Report 17 3
> 0
>
> 7 7REO Report 20 1
>
> 8 Foreclosure Report 0
>
> 9 8Prepayment Report 21 3
> 0
>
> 10 9Prepayment Detail Report 24 1
>
> 11 10Realized Loss Report 25 3
> 0
>
> 12 11Realized Loss Detail Rep 28 1
>
> 13 12Triggers, Adj. Rate Cert 29 1
>
> 14 Other Related Information 0
>
> 15 13Additional Certificate R 30 1
>
> 16 Historical Certificate Payment Report
>
> 17 Credit Ratings
>
> Total Total Total Number of Pages 30
Fixed Fixed Fixed
> Fixed Fixed
CUMPSA prep+cur1MMDR (1-MDR) 3MMDR 12MMDR CUMMDR 1MCDR 3MCDR 12MCDR
> CUMCDR 1MSDA 3MSDA 12MSDA CUMSDA loss_sev3M_loss_12M_lossCUM_loss_sever
>ity
11.895112039.841 0 1 0 0
> 0 0 0
9.153116873.2079 0 1 0 0
> 0 0 0
AdjustabAdjustable Adjustable
> Adjustable Adjustable
CUMPSA prep+cur1MMDR (1-MDR) 3MMDR 12MMDR CUMMDR 1MCDR 3MCDR 12MCDR
> CUMCDR 1MSDA 3MSDA 12MSDA CUMSDA loss_sev3M_loss_12M_lossCUM_loss_sever
>ity
10.713582056.913 0 1 0 0
> 0 0 0
8.447514902.3332 0 1 0 0
> 0 0 0
CUMPSA prep+cur1MMDR (1-MDR) 3MMDR 12MMDR CUMMDR 1MCDR 3MCDR 12MCDR
> CUMCDR 1MSDA 3MSDA 12MSDA CUMSDA loss_sev3M_loss_12M_lossCUM_loss_sever
>ity
CUMPSA prep+cur1MMDR (1-MDR) 3MMDR 12MMDR CUMMDR 1MCDR 3MCDR 12MCDR
> CUMCDR 1MSDA 3MSDA 12MSDA CUMSDA loss_sev3M_loss_12M_lossCUM_loss_sever
>ity
# Pages Total # # Standard Pgs per Report
1 1
0 8 2 1
0 3 3 1
1 1 1
0 3 3 1
0 3 1 1
1 1
0 0
0 3 3 1
1 1
0 3 3 1
1 1
1 1 1
0 0
1 1 1
0 0
0 0
30