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<PAGE>
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 7, 2000
Saxon Asset Securities Company
(Exact name of registrant as specified in charter)
Virginia 34-0-20552 54-1810895
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) 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
--------------
(Former name or former address, if changed since last report.)
<PAGE>
Item 1. Changes in Control of Registrant. Not Applicable.
Item 2. Acquisition or Disposition of Assets. Not Applicable.
Item 3. Bankruptcy or Receivership. Not Applicable.
Item 4. Changes in Registrant's Certifying Accountant. Not Applicable.
Item 5. Other Events.
On November 7, 2000, the Registrant acquired a pool of mortgage loans
(the "Subsequent Mortgage Loans") from funds on hand in the pre-funding account
pursuant to the Trust Agreement dated as of September 1, 2000, among the
Registrant, Saxon Mortgage, Inc., as Master Servicer, and Bankers Trust Company,
as Trustee (the "Trust Agreement"). The Subsequent Mortgage Loans were acquired
by the Registrant from Saxon Mortgage, Inc. ("SMI"), an affiliate of the
Registrant which originated or acquired the Subsequent Mortgage Loans from
various mortgage banking institutions. The Subsequent Mortgage Loans are secured
by liens on single family residential properties, including investment
properties (which may be condominiums, one family residences, one to four family
residences or homes in planned unit developments). The Subsequent Mortgage Loans
will be serviced by Meritech Mortgage Services, Inc., an affiliate of the
Registrant.
The description of the Subsequent Mortgage Loans sold to the Trustee as
of November 7, 2000, pursuant to the Trust Agreement begins on the following
page. The amounts contained in the following tables have been rounded to the
nearest dollar amount and percentage, as applicable.
<PAGE>
FOR INTERNAL USE ONLY
ALL AMOUNTS SUBJECT TO CHANGE
PRELIMINARY INFORMATION SHEET
11/7/00
Saxon Asset Securities Trust (SAST) 2000-3: Group I Subsequent Pool
10/01/2000 SCHEDULED BALANCES
<TABLE>
<CAPTION>
FIXED/ARM: Fixed Rate
TOTAL CURRENT BALANCE: 82,413,222.38
NUMBER OF LOANS: 1,009
AVG/WAVG MIN MAX
<S> <C>
AVG CURRENT BALANCE: $81,678.12 $9,998.28 $560,000.00
WAVG GROSS COUPON: 11.408 % 7.125 16.000 %
WAVG ORIG COMBINED LTV: 77.26 % 15.76 100.00 %
WAVG ORIGINAL LTV: 74.88 % 4.50 95.00 %
WAVG FICO SCORE: 579 0 799
WAVG ORIGINAL TERM: 230 months 60 360 months
WAVG REMAINING TERM: 230 months 60 360 months
WAVG SEASONING: 0 months 0 5 months
WAVG REMAIN AMORT TERM: 342 months 60 360 months
TOP STATE CONCENTRATIONS ($): 14.52 % California, 7.16 % Michigan, 6.72 % Georgia
MAXIMUM ZIP CODE CONCENTRATION ($): 0.68 % 98275 (Mukilteo, WA)
FIRST PAY DATE: Jun 01, 2000 Dec 01, 2000
MATURE DATE: Oct 01, 2005 Nov 01, 2030
CURRENT
PRINCIPAL BAL PCT($) # OF LOANS PCT(#)
Current Balance:
9,998.28 - 25,000.00 1,255,234.98 1.52 62 6.14
25,000.01 - 50,000.00 10,978,627.97 13.32 296 29.34
50,000.01 - 75,000.00 15,568,575.15 18.89 253 25.07
75,000.01 - 100,000.00 12,647,690.42 15.35 147 14.57
100,000.01 - 125,000.00 10,261,660.16 12.45 92 9.12
125,000.01 - 150,000.00 8,206,264.99 9.96 60 5.95
150,000.01 - 175,000.00 5,047,462.67 6.12 31 3.07
175,000.01 - 200,000.00 4,173,283.41 5.06 22 2.18
200,000.01 - 225,000.00 2,549,269.91 3.09 12 1.19
225,000.01 - 250,000.00 1,459,701.14 1.77 6 0.59
250,000.01 - 275,000.00 1,316,300.00 1.60 5 0.50
275,000.01 - 300,000.00 1,153,644.58 1.40 4 0.40
300,000.01 - 325,000.00 637,409.67 0.77 2 0.20
325,000.01 - 350,000.00 1,371,255.72 1.66 4 0.40
350,000.01 - 375,000.00 730,709.57 0.89 2 0.20
375,000.01 - 400,000.00 400,000.00 0.49 1 0.10
400,000.01 - 425,000.00 1,260,806.89 1.53 3 0.30
</TABLE>
<PAGE>
<TABLE>
<S> <C>
425,000.01 - 450,000.00 1,309,825.15 1.59 3 0.30
450,000.01 - 475,000.00 450,500.00 0.55 1 0.10
500,000.01 - 525,000.00 525,000.00 0.64 1 0.10
525,000.01 - 550,000.00 550,000.00 0.67 1 0.10
550,000.01 - 560,000.00 560,000.00 0.68 1 0.10
------------------------------------------------------------------------------------------------------
TOTAL 82,413,222.38 100.00 1,009 100.00
======================================================================================================
Current Interest Rates:
7.125 - 7.250 300,000.00 0.36 1 0.10
7.251 - 7.500 206,203.00 0.25 1 0.10
8.251 - 8.500 409,311.00 0.50 2 0.20
8.501 - 8.750 62,800.00 0.08 2 0.20
8.751 - 9.000 707,245.38 0.86 10 0.99
9.001 - 9.250 1,140,400.00 1.38 9 0.89
9.251 - 9.500 3,549,973.39 4.31 34 3.37
9.501 - 9.750 2,437,968.88 2.96 27 2.68
9.751 - 10.000 5,653,112.59 6.86 55 5.45
10.001 - 10.250 3,476,055.21 4.22 36 3.57
10.251 - 10.500 6,004,012.86 7.29 59 5.85
10.501 - 10.750 4,497,704.80 5.46 55 5.45
10.751 - 11.000 6,915,075.39 8.39 82 8.13
11.001 - 11.250 6,502,932.25 7.89 62 6.14
11.251 - 11.500 6,817,529.21 8.27 76 7.53
11.501 - 11.750 2,955,782.26 3.59 42 4.16
11.751 - 12.000 6,407,329.24 7.77 81 8.03
12.001 - 12.250 2,934,731.24 3.56 45 4.46
12.251 - 12.500 4,137,918.81 5.02 63 6.24
12.501 - 12.750 4,936,028.25 5.99 50 4.96
12.751 - 13.000 3,372,337.18 4.09 51 5.05
13.001 - 13.250 1,091,340.73 1.32 28 2.78
13.251 - 13.500 1,178,798.15 1.43 22 2.18
13.501 - 13.750 1,159,355.39 1.41 21 2.08
13.751 - 14.000 2,592,486.13 3.15 38 3.77
14.001 - 14.250 430,298.28 0.52 10 0.99
14.251 - 14.500 735,622.54 0.89 15 1.49
14.501 - 14.750 617,200.00 0.75 14 1.39
14.751 - 15.000 755,260.22 0.92 12 1.19
15.001 - 15.250 309,910.00 0.38 4 0.40
15.501 - 15.750 31,500.00 0.04 1 0.10
15.751 - 16.000 87,000.00 0.11 1 0.10
------------------------------------------------------------------------------------------------------
TOTAL 82,413,222.38 100.00 1,009 100.00
======================================================================================================
Original Combined LTV:
15.76 - 20.00 127,010.00 0.15 2 0.20
20.01 - 25.00 142,500.00 0.17 4 0.40
25.01 - 30.00 391,549.76 0.48 8 0.79
30.01 - 35.00 236,794.02 0.29 6 0.59
35.01 - 40.00 520,683.50 0.63 13 1.29
40.01 - 45.00 1,231,789.19 1.49 21 2.08
45.01 - 50.00 1,122,075.89 1.36 27 2.68
50.01 - 55.00 1,298,815.79 1.58 24 2.38
55.01 - 60.00 3,330,677.39 4.04 50 4.96
</TABLE>
<PAGE>
<TABLE>
<S> <C>
60.01 - 65.00 4,505,476.49 5.47 68 6.74
65.01 - 70.00 6,679,920.88 8.11 92 9.12
70.01 - 75.00 10,222,580.76 12.40 116 11.50
75.01 - 80.00 23,538,059.63 28.56 249 24.68
80.01 - 85.00 11,343,906.13 13.76 124 12.29
85.01 - 90.00 14,922,376.78 18.11 159 15.76
90.01 - 95.00 1,925,621.83 2.34 20 1.98
95.01 - 100.00 873,384.34 1.06 26 2.58
------------------------------------------------------------------------------------------------------
TOTAL 82,413,222.38 100.00 1,009 100.00
======================================================================================================
Remaining Term:
60 - 60 49,000.00 0.06 3 0.30
109 - 120 699,874.45 0.85 18 1.78
133 - 144 259,955.38 0.32 7 0.69
169 - 180 57,118,487.02 69.31 709 70.27
229 - 240 1,411,162.54 1.71 19 1.88
289 - 300 321,350.00 0.39 4 0.40
349 - 360 22,553,392.99 27.37 249 24.68
------------------------------------------------------------------------------------------------------
TOTAL 82,413,222.38 100.00 1,009 100.00
======================================================================================================
Remain Amort Term:
60 - 60 49,000.00 0.06 3 0.30
109 - 120 699,874.45 0.85 18 1.78
133 - 144 259,955.38 0.32 7 0.69
169 - 180 5,615,295.23 6.81 113 11.20
193 - 204 71,933.76 0.09 2 0.20
229 - 240 1,411,162.54 1.71 19 1.88
241 - 252 34,767.85 0.04 1 0.10
289 - 300 527,531.38 0.64 6 0.59
301 - 312 97,900.87 0.12 1 0.10
325 - 336 420,806.89 0.51 1 0.10
337 - 348 179,505.72 0.22 3 0.30
349 - 360 73,045,488.31 88.63 835 82.76
------------------------------------------------------------------------------------------------------
TOTAL 82,413,222.38 100.00 1,009 100.00
======================================================================================================
Occupancy Type:
Primary 78,311,175.33 95.02 930 92.17
Investor 3,735,573.95 4.53 73 7.23
Second Home 366,473.10 0.44 6 0.59
------------------------------------------------------------------------------------------------------
TOTAL 82,413,222.38 100.00 1,009 100.00
======================================================================================================
Documentation Type:
Full Documentation 65,573,425.03 79.57 839 83.15
Stated Documentation 11,062,079.24 13.42 115 11.40
Limited Documentation 5,235,490.54 6.35 42 4.16
No Ratio 542,227.57 0.66 13 1.29
------------------------------------------------------------------------------------------------------
TOTAL 82,413,222.38 100.00 1,009 100.00
======================================================================================================
Loan Purpose:
Cash Out Refinance 53,592,613.96 65.03 715 70.86
Purchase 20,839,549.96 25.29 215 21.31
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Refinance 7,981,058.46 9.68 79 7.83
------------------------------------------------------------------------------------------------------
TOTAL 82,413,222.38 100.00 1,009 100.00
======================================================================================================
Property Type:
Single Family Detached 68,533,913.35 83.16 827 81.96
Two-Four Family 4,306,976.20 5.23 49 4.86
PUD 3,621,408.92 4.39 37 3.67
Manufactured Housing 2,310,324.38 2.80 39 3.87
Condominium 1,949,300.25 2.37 27 2.68
Single Family Attached 984,053.81 1.19 17 1.68
Townhouse 707,245.47 0.86 13 1.29
------------------------------------------------------------------------------------------------------
TOTAL 82,413,222.38 100.00 1,009 100.00
======================================================================================================
Loan Types:
BALLOON 15/30 51,503,191.79 62.49 596 59.07
Fixed Rate 10 Year 699,874.45 0.85 18 1.78
Fixed Rate 12 Year 259,955.38 0.32 7 0.69
Fixed Rate 15 Year 5,615,295.23 6.81 113 11.20
Fixed Rate 20 Year 1,411,162.54 1.71 19 1.88
Fixed Rate 25 Year 321,350.00 0.39 4 0.40
Fixed Rate 30 Year 22,553,392.99 27.37 249 24.68
Fixed Rate 5 Year 49,000.00 0.06 3 0.30
------------------------------------------------------------------------------------------------------
TOTAL 82,413,222.38 100.00 1,009 100.00
======================================================================================================
State Distribution:
Alaska 662,344.00 0.80 7 0.69
Arizona 2,678,474.27 3.25 29 2.87
Arkansas 193,325.00 0.23 5 0.50
California 11,963,661.74 14.52 103 10.21
Colorado 2,196,341.41 2.67 22 2.18
Connecticut 1,825,133.03 2.21 15 1.49
Delaware 407,396.33 0.49 6 0.59
District of Columbia 69,877.67 0.08 1 0.10
Florida 3,711,251.24 4.50 61 6.05
Georgia 5,540,916.68 6.72 62 6.14
Hawaii 212,018.29 0.26 2 0.20
Idaho 102,950.00 0.12 3 0.30
Illinois 3,997,838.87 4.85 42 4.16
Indiana 2,493,661.56 3.03 46 4.56
Iowa 652,630.00 0.79 11 1.09
Kansas 853,090.00 1.04 13 1.29
Kentucky 711,340.00 0.86 10 0.99
Louisiana 1,820,415.52 2.21 30 2.97
Maine 293,414.12 0.36 4 0.40
Maryland 1,486,505.27 1.80 15 1.49
Massachusetts 702,456.30 0.85 5 0.50
Michigan 5,897,079.73 7.16 81 8.03
Minnesota 1,218,895.64 1.48 15 1.49
Mississippi 701,394.01 0.85 12 1.19
Missouri 1,339,346.96 1.63 22 2.18
Montana 87,500.00 0.11 1 0.10
Nevada 432,000.00 0.52 2 0.20
</TABLE>
<PAGE>
<TABLE>
<S> <C>
New Hampshire 118,500.00 0.14 2 0.20
New Jersey 3,414,261.32 4.14 25 2.48
New Mexico 396,000.00 0.48 7 0.69
New York 2,269,702.71 2.75 28 2.78
North Carolina 1,315,913.99 1.60 23 2.28
North Dakota 30,000.00 0.04 1 0.10
Ohio 2,793,431.07 3.39 40 3.96
Oklahoma 824,534.45 1.00 16 1.59
Oregon 1,773,375.01 2.15 18 1.78
Pennsylvania 3,628,305.76 4.40 54 5.35
Rhode Island 65,650.00 0.08 1 0.10
South Carolina 224,773.04 0.27 5 0.50
Tennessee 2,084,720.91 2.53 39 3.87
Texas 4,179,673.82 5.07 54 5.35
Utah 320,700.00 0.39 4 0.40
Virginia 3,770,599.00 4.58 40 3.96
Washington 2,397,610.00 2.91 18 1.78
West Virginia 208,800.00 0.25 2 0.20
Wisconsin 234,351.18 0.28 4 0.40
Wyoming 111,062.48 0.13 3 0.30
------------------------------------------------------------------------------------------------------
TOTAL 82,413,222.38 100.00 1,009 100.00
======================================================================================================
FICO SCORE:
(less than
or equal
to ) 400 1,690,336.47 2.05 31 3.07
401 - 450 63,750.00 0.08 1 0.10
451 - 500 4,969,868.35 6.03 67 6.64
501 - 550 23,586,607.19 28.62 281 27.85
551 - 600 25,787,768.08 31.29 286 28.34
601 - 650 16,511,889.15 20.04 216 21.41
651 - 700 7,039,824.14 8.54 91 9.02
701 - 750 1,959,429.00 2.38 28 2.78
751 - 799 803,750.00 0.98 8 0.79
------------------------------------------------------------------------------------------------------
TOTAL 82,413,222.38 100.00 1,009 100.00
======================================================================================================
Credit Grade:
A+ 6,783,699.86 8.23 64 6.34
A 13,466,210.91 16.34 179 17.74
A- 32,250,113.51 39.13 340 33.70
B 16,485,376.60 20.00 222 22.00
C 10,459,887.83 12.69 154 15.26
D 2,967,933.67 3.60 50 4.96
------------------------------------------------------------------------------------------------------
TOTAL 82,413,222.38 100.00 1,009 100.00
======================================================================================================
Delinquency:
Current 82,413,222.38 100.00 1,009 100.00
------------------------------------------------------------------------------------------------------
TOTAL 82,413,222.38 100.00 1,009 100.00
======================================================================================================
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Balloon Flag:
Balloon 51,503,191.79 62.49 596 59.07
Fully Amortizing 30,910,030.59 37.51 413 40.93
------------------------------------------------------------------------------------------------------
TOTAL 82,413,222.38 100.00 1,009 100.00
======================================================================================================
Lien Position:
First Lien 79,390,214.12 96.33 930 92.17
Second Lien 3,023,008.26 3.67 79 7.83
------------------------------------------------------------------------------------------------------
TOTAL 82,413,222.38 100.00 1,009 100.00
======================================================================================================
PREPAY CODE:
1 Year - 5% of Prepayment Amo 237,232.59 0.29 3 0.30
1 Year - 6 Months Advance Int 1,229,947.71 1.49 15 1.49
2 Year - 6 Months Advance Int 1,562,257.38 1.90 14 1.39
3 Year - 3 Months Advance Int 132,000.00 0.16 1 0.10
3 Year - 6 Months Advance Int 14,217,880.42 17.25 141 13.97
4 Year - 6 Months Advance Int 157,450.00 0.19 2 0.20
5 Year - 6 Months Advance Int 43,618,923.00 52.93 530 52.53
No Prepayment Penalty 15,402,981.88 18.69 221 21.90
Penalty in accordance with St 5,854,549.40 7.10 82 8.13
------------------------------------------------------------------------------------------------------
TOTAL 82,413,222.38 100.00 1,009 100.00
======================================================================================================
Section 32 Loans:
No 82,370,507.54 99.95 1,008 99.90
Yes 42,714.84 0.05 1 0.10
------------------------------------------------------------------------------------------------------
TOTAL 82,413,222.38 100.00 1,009 100.00
======================================================================================================
</TABLE>
<PAGE>
FOR INTERNAL USE ONLY
ALL AMOUNTS SUBJECT TO CHANGE
PRELIMINARY INFORMATION SHEET
11/7/00
Saxon Asset Securities Trust (SAST) 2000-3: Group II Subgroup A Subsequent Pool
10/01/2000 SCHEDULED BALANCES
<TABLE>
<CAPTION>
FIXED/ARM: ARM
TOTAL CURRENT BALANCE: 41,520,001.64
NUMBER OF LOANS: 388
AVG/WAVG MIN MAX
<S> <C>
AVG ORIGINAL BALANCE: $107,056.07 $23,100.00 $252,000.00
AVG CURRENT BALANCE: $107,010.31 $23,073.16 $252,000.00
WAVG GROSS COUPON: 10.816 % 8.500 14.550 %
WAVG GROSS MARGIN: 6.120 % 3.750 9.725 %
WAVG FIRST PERIOD RATE CAP: 2.240 % 1.000 3.000 %
WAVG PERIOD RATE CAP: 1.164 % 1.000 3.000 %
WAVG LIFE FLOOR: 10.765 % 5.750 14.550 %
WAVG LIFE CAP: 17.310 % 14.500 21.500 %
WAVG COMBINED ORIGINAL LTV: 77.92 % 12.99 95.00 %
WAVG FICO SCORE: 578 0 801
WAVG MONTHS TO ROLL: 28.51 months 18.00 37.00 months
WAVG ORIGINAL TERM: 360 months 360 360 months
WAVG REMAINING TERM: 359 months 354 360 months
WAVG SEASONING: 1 months 0 6 months
WAVG REMAIN AMORT TERM: 359 months 248 360 months
TOP STATE CONCENTRATIONS ($): 31.12 % California, 7.73 % Illinois, 6.03 %
Florida MAXIMUM ZIP CODE CONCENTRATION ($): 1.04 % 95401 (Santa Rosa, CA)
FIRST PAY DATE: May 01, 2000 Dec 01, 2000
MATURE DATE: Apr 01, 2030 Nov 01, 2030
CURRENT
PRINCIPAL BAL PCT($) # OF LOANS PCT(#)
Current Balance:
23,073.16 - 25,000.00 72,502.37 0.17 3 0.77
25,000.01 - 50,000.00 2,485,323.00 5.99 63 16.24
50,000.01 - 75,000.00 5,177,825.70 12.47 83 21.39
75,000.01 - 100,000.00 5,612,585.55 13.52 64 16.49
100,000.01 - 125,000.00 6,081,300.09 14.65 54 13.92
125,000.01 - 150,000.00 4,370,524.40 10.53 32 8.25
150,000.01 - 175,000.00 3,273,613.87 7.88 20 5.15
175,000.01 - 200,000.00 5,081,097.16 12.24 27 6.96
200,000.01 - 225,000.00 5,770,625.58 13.90 27 6.96
</TABLE>
<PAGE>
<TABLE>
<S> <C>
225,000.01 - 250,000.00 3,342,603.92 8.05 14 3.61
250,000.01 - 252,000.00 252,000.00 0.61 1 0.26
------------------------------------------------------------------------------------------------------
TOTAL 41,520,001.64 100.00 388 100.00
======================================================================================================
Current Interest Rates:
8.500 - 8.500 146,311.31 0.35 1 0.26
8.501 - 8.750 256,800.00 0.62 2 0.52
8.751 - 9.000 535,202.83 1.29 4 1.03
9.001 - 9.250 684,772.23 1.65 5 1.29
9.251 - 9.500 3,153,706.64 7.60 22 5.67
9.501 - 9.750 1,640,989.12 3.95 12 3.09
9.751 - 10.000 4,761,711.42 11.47 39 10.05
10.001 - 10.250 2,289,090.22 5.51 21 5.41
10.251 - 10.500 3,767,211.22 9.07 33 8.51
10.501 - 10.750 3,969,732.34 9.56 39 10.05
10.751 - 11.000 5,323,426.72 12.82 44 11.34
11.001 - 11.250 3,057,599.24 7.36 26 6.70
11.251 - 11.500 2,831,302.99 6.82 27 6.96
11.501 - 11.750 2,021,119.06 4.87 25 6.44
11.751 - 12.000 2,564,973.02 6.18 30 7.73
12.001 - 12.250 1,466,788.05 3.53 14 3.61
12.251 - 12.500 1,297,617.98 3.13 15 3.87
12.501 - 12.750 308,663.11 0.74 6 1.55
12.751 - 13.000 524,587.38 1.26 10 2.58
13.001 - 13.250 86,190.98 0.21 2 0.52
13.251 - 13.500 316,967.37 0.76 4 1.03
13.501 - 13.750 186,838.41 0.45 3 0.77
13.751 - 14.000 40,500.00 0.10 1 0.26
14.251 - 14.500 217,000.00 0.52 1 0.26
14.501 - 14.550 70,900.00 0.17 2 0.52
------------------------------------------------------------------------------------------------------
TOTAL 41,520,001.64 100.00 388 100.00
======================================================================================================
Original LTV:
12.99 - 15.00 71,992.74 0.17 2 0.52
20.01 - 25.00 80,000.00 0.19 1 0.26
25.01 - 30.00 60,000.00 0.14 1 0.26
30.01 - 35.00 161,981.36 0.39 3 0.77
35.01 - 40.00 273,391.09 0.66 4 1.03
40.01 - 45.00 442,165.32 1.06 5 1.29
45.01 - 50.00 497,359.94 1.20 7 1.80
50.01 - 55.00 192,441.06 0.46 3 0.77
55.01 - 60.00 1,674,170.96 4.03 16 4.12
60.01 - 65.00 1,537,662.13 3.70 20 5.15
65.01 - 70.00 3,562,455.23 8.58 35 9.02
70.01 - 75.00 4,654,674.74 11.21 48 12.37
75.01 - 80.00 12,459,310.79 30.01 110 28.35
80.01 - 85.00 7,835,474.95 18.87 63 16.24
85.01 - 90.00 7,972,271.33 19.20 69 17.78
90.01 - 95.00 44,650.00 0.11 1 0.26
------------------------------------------------------------------------------------------------------
TOTAL 41,520,001.64 100.00 388 100.00
======================================================================================================
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Remaining Term:
354 - 360 41,520,001.64 100.00 388 100.00
------------------------------------------------------------------------------------------------------
TOTAL 41,520,001.64 100.00 388 100.00
======================================================================================================
Remain Amort Term:
248 - 252 63,687.55 0.15 1 0.26
349 - 360 41,456,314.09 99.85 387 99.74
------------------------------------------------------------------------------------------------------
TOTAL 41,520,001.64 100.00 388 100.00
======================================================================================================
Gross Margin:
3.750 - 3.750 114,400.00 0.28 1 0.26
3.751 - 4.000 53,020.58 0.13 1 0.26
4.001 - 4.250 492,975.00 1.19 4 1.03
4.251 - 4.500 1,282,473.68 3.09 11 2.84
4.501 - 4.750 1,373,372.42 3.31 12 3.09
4.751 - 5.000 2,275,802.04 5.48 22 5.67
5.001 - 5.250 3,187,701.50 7.68 27 6.96
5.251 - 5.500 5,856,009.79 14.10 47 12.11
5.501 - 5.750 2,977,160.10 7.17 30 7.73
5.751 - 6.000 2,359,525.62 5.68 21 5.41
6.001 - 6.250 2,346,296.71 5.65 22 5.67
6.251 - 6.500 3,394,509.47 8.18 32 8.25
6.501 - 6.750 4,944,686.92 11.91 47 12.11
6.751 - 7.000 4,778,043.83 11.51 41 10.57
7.001 - 7.250 2,110,973.11 5.08 22 5.67
7.251 - 7.500 1,746,473.32 4.21 16 4.12
7.501 - 7.750 604,602.88 1.46 8 2.06
7.751 - 8.000 654,875.20 1.58 11 2.84
8.001 - 8.250 154,800.00 0.37 2 0.52
8.251 - 8.500 470,303.32 1.13 5 1.29
8.501 - 8.750 114,928.78 0.28 2 0.52
8.751 - 9.000 66,586.38 0.16 1 0.26
9.001 - 9.250 89,580.99 0.22 1 0.26
9.501 - 9.725 70,900.00 0.17 2 0.52
------------------------------------------------------------------------------------------------------
TOTAL 41,520,001.64 100.00 388 100.00
======================================================================================================
Lifetime Rate Cap:
14.500 - 14.500 146,311.31 0.35 1 0.26
14.501 - 14.750 142,400.00 0.34 1 0.26
14.751 - 15.000 312,125.00 0.75 3 0.77
15.001 - 15.250 515,754.27 1.24 3 0.77
15.251 - 15.500 2,153,500.57 5.19 14 3.61
15.501 - 15.750 981,243.25 2.36 7 1.80
15.751 - 16.000 2,898,794.16 6.98 24 6.19
16.001 - 16.250 1,535,094.14 3.70 16 4.12
16.251 - 16.500 2,381,080.41 5.73 20 5.15
16.501 - 16.750 2,557,569.81 6.16 27 6.96
16.751 - 17.000 3,620,926.87 8.72 33 8.51
17.001 - 17.250 2,390,901.18 5.76 22 5.67
17.251 - 17.500 3,996,904.56 9.63 35 9.02
17.501 - 17.750 3,903,435.36 9.40 39 10.05
17.751 - 18.000 5,103,458.83 12.29 42 10.82
18.001 - 18.250 1,902,848.73 4.58 16 4.12
</TABLE>
<PAGE>
<TABLE>
<S> <C>
18.251 - 18.500 1,880,666.83 4.53 22 5.67
18.501 - 18.750 783,216.65 1.89 11 2.84
18.751 - 19.000 1,654,737.02 3.99 22 5.67
19.001 - 19.250 988,530.96 2.38 9 2.32
19.251 - 19.500 722,174.56 1.74 7 1.80
19.501 - 19.750 121,700.00 0.29 2 0.52
19.751 - 20.000 124,952.38 0.30 3 0.77
20.251 - 20.500 227,386.38 0.55 3 0.77
20.501 - 20.750 216,788.41 0.52 4 1.03
20.751 - 21.000 40,500.00 0.10 1 0.26
21.251 - 21.500 217,000.00 0.52 1 0.26
------------------------------------------------------------------------------------------------------
TOTAL 41,520,001.64 100.00 388 100.00
======================================================================================================
Lifetime Rate Floor:
5.750 - 5.750 98,842.77 0.24 1 0.26
5.751 - 6.000 82,907.08 0.20 1 0.26
7.251 - 7.500 191,500.00 0.46 1 0.26
7.751 - 8.000 95,200.00 0.23 1 0.26
8.001 - 8.250 183,321.90 0.44 4 1.03
8.251 - 8.500 146,311.31 0.35 1 0.26
8.501 - 8.750 378,800.00 0.91 4 1.03
8.751 - 9.000 535,202.83 1.29 4 1.03
9.001 - 9.250 684,772.23 1.65 5 1.29
9.251 - 9.500 2,938,699.56 7.08 21 5.41
9.501 - 9.750 1,640,989.12 3.95 12 3.09
9.751 - 10.000 4,666,511.42 11.24 38 9.79
10.001 - 10.250 2,105,768.32 5.07 17 4.38
10.251 - 10.500 3,767,211.22 9.07 33 8.51
10.501 - 10.750 3,748,889.57 9.03 36 9.28
10.751 - 11.000 5,323,426.72 12.82 44 11.34
11.001 - 11.250 3,057,599.24 7.36 26 6.70
11.251 - 11.500 2,771,902.99 6.68 26 6.70
11.501 - 11.750 2,021,119.06 4.87 25 6.44
11.751 - 12.000 2,564,973.02 6.18 30 7.73
12.001 - 12.250 1,466,788.05 3.53 14 3.61
12.251 - 12.500 1,297,617.98 3.13 15 3.87
12.501 - 12.750 308,663.11 0.74 6 1.55
12.751 - 13.000 524,587.38 1.26 10 2.58
13.001 - 13.250 86,190.98 0.21 2 0.52
13.251 - 13.500 316,967.37 0.76 4 1.03
13.501 - 13.750 186,838.41 0.45 3 0.77
13.751 - 14.000 40,500.00 0.10 1 0.26
14.251 - 14.500 217,000.00 0.52 1 0.26
14.501 - 14.550 70,900.00 0.17 2 0.52
------------------------------------------------------------------------------------------------------
TOTAL 41,520,001.64 100.00 388 100.00
======================================================================================================
Next Rate Adjust Date:
Apr 2002 197,222.43 0.48 2 0.52
May 2002 34,190.98 0.08 1 0.26
Jun 2002 434,835.74 1.05 4 1.03
Jul 2002 682,918.16 1.64 7 1.80
Aug 2002 1,355,144.06 3.26 11 2.84
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Sep 2002 10,111,376.93 24.35 84 21.65
Oct 2002 10,158,042.16 24.47 109 28.09
Nov 2002 301,900.00 0.73 4 1.03
May 2003 91,584.72 0.22 1 0.26
Jun 2003 952,392.15 2.29 8 2.06
Jul 2003 485,658.94 1.17 5 1.29
Aug 2003 982,826.07 2.37 11 2.84
Sep 2003 6,289,660.41 15.15 51 13.14
Oct 2003 9,382,248.89 22.60 89 22.94
Nov 2003 60,000.00 0.14 1 0.26
------------------------------------------------------------------------------------------------------
TOTAL 41,520,001.64 100.00 388 100.00
======================================================================================================
Occupancy Type:
Primary 39,626,412.10 95.44 353 90.98
Investor 1,698,067.71 4.09 32 8.25
Second Home 195,521.83 0.47 3 0.77
------------------------------------------------------------------------------------------------------
TOTAL 41,520,001.64 100.00 388 100.00
======================================================================================================
Documentation Type:
Full Documentation 31,102,958.27 74.91 296 76.29
Stated Documentation 8,971,522.01 21.61 80 20.62
Limited Documentation 1,350,521.36 3.25 11 2.84
No Ratio 95,000.00 0.23 1 0.26
------------------------------------------------------------------------------------------------------
TOTAL 41,520,001.64 100.00 388 100.00
======================================================================================================
Loan Purpose:
Cash Out Refinance 20,583,551.82 49.58 195 50.26
Purchase 17,606,012.30 42.40 163 42.01
Refinance 3,330,437.52 8.02 30 7.73
------------------------------------------------------------------------------------------------------
TOTAL 41,520,001.64 100.00 388 100.00
======================================================================================================
Property Type:
Single Family Detached 34,076,703.46 82.07 321 82.73
Condominium 2,804,103.77 6.75 25 6.44
PUD 2,112,108.68 5.09 17 4.38
Two-Four Family 1,582,337.00 3.81 15 3.87
Single Family Attached 712,351.37 1.72 6 1.55
Manufactured Housing 205,397.36 0.49 3 0.77
Townhouse 27,000.00 0.07 1 0.26
------------------------------------------------------------------------------------------------------
TOTAL 41,520,001.64 100.00 388 100.00
======================================================================================================
Loan Types:
2/28 6 Mo LIBOR ARM 23,275,630.46 56.06 222 57.22
3/27 6 Mo LIBOR ARM 18,244,371.18 43.94 166 42.78
------------------------------------------------------------------------------------------------------
TOTAL 41,520,001.64 100.00 388 100.00
======================================================================================================
Index:
6 MO LIBOR 41,520,001.64 100.00 388 100.00
------------------------------------------------------------------------------------------------------
TOTAL 41,520,001.64 100.00 388 100.00
======================================================================================================
</TABLE>
<PAGE>
<TABLE>
<S> <C>
State Distribution:
Arizona 332,819.42 0.80 4 1.03
Arkansas 48,600.00 0.12 1 0.26
California 12,923,085.69 31.12 85 21.91
Colorado 785,106.64 1.89 7 1.80
Connecticut 795,636.38 1.92 9 2.32
Delaware 242,934.55 0.59 2 0.52
Florida 2,502,221.92 6.03 24 6.19
Georgia 1,030,740.52 2.48 8 2.06
Hawaii 194,971.70 0.47 2 0.52
Idaho 158,400.00 0.38 2 0.52
Illinois 3,211,213.42 7.73 33 8.51
Indiana 1,060,654.44 2.55 16 4.12
Iowa 165,350.00 0.40 3 0.77
Kansas 423,568.45 1.02 4 1.03
Kentucky 90,375.00 0.22 2 0.52
Louisiana 501,376.68 1.21 7 1.80
Maryland 506,817.30 1.22 5 1.29
Massachusetts 602,709.92 1.45 4 1.03
Michigan 2,338,447.21 5.63 30 7.73
Minnesota 492,961.39 1.19 6 1.55
Missouri 700,197.42 1.69 9 2.32
Montana 133,542.76 0.32 1 0.26
Nevada 1,090,059.51 2.63 9 2.32
New Hampshire 107,857.08 0.26 1 0.26
New Jersey 1,547,082.44 3.73 12 3.09
North Carolina 273,135.12 0.66 4 1.03
Ohio 1,806,568.53 4.35 23 5.93
Oklahoma 267,005.78 0.64 5 1.29
Oregon 1,028,497.01 2.48 8 2.06
Pennsylvania 1,147,011.22 2.76 15 3.87
Rhode Island 154,266.19 0.37 2 0.52
South Carolina 50,000.00 0.12 1 0.26
Tennessee 648,808.28 1.56 7 1.80
Texas 1,386,944.70 3.34 13 3.35
Utah 348,423.33 0.84 3 0.77
Virginia 521,450.00 1.26 3 0.77
Washington 1,162,958.78 2.80 9 2.32
Wisconsin 738,202.86 1.78 9 2.32
------------------------------------------------------------------------------------------------------
TOTAL 41,520,001.64 100.00 388 100.00
======================================================================================================
FICO SCORE:
(less than
or equal
to) 400 430,284.46 1.04 6 1.55
401 - 450 104,800.00 0.25 1 0.26
451 - 500 1,900,607.06 4.58 15 3.87
501 - 550 13,376,553.28 32.22 128 32.99
551 - 600 12,552,757.78 30.23 124 31.96
601 - 650 8,328,499.97 20.06 71 18.30
651 - 700 3,600,043.43 8.67 32 8.25
701 - 750 812,353.02 1.96 7 1.80
751 - 800 347,130.74 0.84 3 0.77
(greater
than) 800 66,971.90 0.16 1 0.26
------------------------------------------------------------------------------------------------------
TOTAL 41,520,001.64 100.00 388 100.00
======================================================================================================
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Credit Grade:
A+ 651,421.90 1.57 9 2.32
A 1,000,843.18 2.41 11 2.84
A- 21,336,806.60 51.39 178 45.88
B 10,765,906.17 25.93 100 25.77
C 5,495,461.08 13.24 65 16.75
D 2,269,562.71 5.47 25 6.44
------------------------------------------------------------------------------------------------------
TOTAL 41,520,001.64 100.00 388 100.00
======================================================================================================
Delinquency:
Current 41,520,001.64 100.00 388 100.00
------------------------------------------------------------------------------------------------------
TOTAL 41,520,001.64 100.00 388 100.00
======================================================================================================
Lien Position:
First Lien 41,520,001.64 100.00 388 100.00
------------------------------------------------------------------------------------------------------
TOTAL 41,520,001.64 100.00 388 100.00
======================================================================================================
PREPAY CODE:
1 Year - 6 Months Advance Int 757,610.00 1.82 5 1.29
2 Year - 6 Months Advance Int 12,778,207.42 30.78 110 28.35
3 Year - 3 Months Advance Int 177,238.48 0.43 1 0.26
3 Year - 6 Months Advance Int 17,656,680.34 42.53 161 41.49
5 Year - 6 Months Advance Int 3,394,834.33 8.18 35 9.02
No Prepayment Penalty 5,129,333.34 12.35 58 14.95
Penalty in accordance with St 1,626,097.73 3.92 18 4.64
------------------------------------------------------------------------------------------------------
TOTAL 41,520,001.64 100.00 388 100.00
======================================================================================================
Section 32 Loans:
No 41,520,001.64 100.00 388 100.00
------------------------------------------------------------------------------------------------------
TOTAL 41,520,001.64 100.00 388 100.00
======================================================================================================
</TABLE>
<PAGE>
FOR INTERNAL USE ONLY
ALL AMOUNTS SUBJECT TO CHANGE
PRELIMINARY INFORMATION SHEET
11/7/00
Saxon Asset Securities Trust (SAST) 2000-3: Group II Subgroup B Subsequent Pool
10/01/2000 SCHEDULED BALANCES
<TABLE>
FIXED/ARM: ARM
TOTAL CURRENT BALANCE: 41,520,049.07
NUMBER OF LOANS: 270
AVG/WAVG MIN MAX
<S> <C>
AVG ORIGINAL BALANCE: $153,879.69 $19,500.00 $615,700.00
AVG CURRENT BALANCE: $153,777.96 $19,500.00 $615,700.00
WAVG GROSS COUPON: 10.725 % 8.462 15.285 %
WAVG GROSS MARGIN: 6.061 % 4.000 10.175 %
WAVG FIRST PERIOD RATE CAP: 2.098 % 1.000 3.000 %
WAVG PERIOD RATE CAP: 1.203 % 1.000 3.000 %
WAVG LIFE FLOOR: 10.674 % 5.150 15.285 %
WAVG LIFE CAP: 17.305 % 14.880 21.285 %
WAVG COMBINED ORIGINAL LTV: 77.16 % 29.47 90.00 %
WAVG FICO SCORE: 582 0 767
WAVG MONTHS TO ROLL: 28.80 months 6.00 37.00 months
WAVG ORIGINAL TERM: 360 months 360 360 months
WAVG REMAINING TERM: 359 months 354 360 months
WAVG SEASONING: 1 months 0 6 months
WAVG REMAIN AMORT TERM: 359 months 260 360 months
TOP STATE CONCENTRATIONS ($): 46.94 % California, 4.44 % Pennsylvania, 4.24 %
Texas MAXIMUM ZIP CODE CONCENTRATION ($): 2.12 % 95120 (San Jose, CA)
FIRST PAY DATE: May 01, 2000 Dec 01, 2000
MATURE DATE: Apr 01, 2030 Nov 01, 2030
CURRENT
PRINCIPAL BAL PCT($) # OF LOANS PCT(#)
Current Balance:
19,500.00 - 25,000.00 42,900.00 0.10 2 0.74
25,000.01 - 50,000.00 878,605.56 2.12 23 8.52
50,000.01 - 75,000.00 2,867,068.06 6.91 46 17.04
75,000.01 - 100,000.00 3,409,112.19 8.21 40 14.81
100,000.01 - 125,000.00 3,551,964.58 8.55 32 11.85
125,000.01 - 150,000.00 3,651,509.09 8.79 27 10.00
150,000.01 - 175,000.00 2,897,090.39 6.98 18 6.67
175,000.01 - 200,000.00 2,846,249.95 6.86 15 5.56
200,000.01 - 225,000.00 1,687,319.58 4.06 8 2.96
</TABLE>
<PAGE>
<TABLE>
<S> <C>
225,000.01 - 250,000.00 1,389,393.07 3.35 6 2.22
250,000.01 - 275,000.00 3,426,239.99 8.25 13 4.81
275,000.01 - 300,000.00 2,035,880.49 4.90 7 2.59
300,000.01 - 325,000.00 1,586,822.93 3.82 5 1.85
325,000.01 - 350,000.00 2,039,875.25 4.91 6 2.22
350,000.01 - 375,000.00 2,175,283.34 5.24 6 2.22
375,000.01 - 400,000.00 1,954,850.87 4.71 5 1.85
400,000.01 - 425,000.00 1,250,500.00 3.01 3 1.11
425,000.01 - 450,000.00 1,317,591.13 3.17 3 1.11
450,000.01 - 475,000.00 1,371,798.84 3.30 3 1.11
500,000.01 - 525,000.00 524,293.76 1.26 1 0.37
600,000.01 - 615,700.00 615,700.00 1.48 1 0.37
------------------------------------------------------------------------------------------------------
TOTAL 41,520,049.07 100.00 270 100.00
======================================================================================================
Current Interest Rates:
8.462 - 8.500 163,100.00 0.39 1 0.37
8.751 - 9.000 752,441.09 1.81 6 2.22
9.001 - 9.250 2,310,618.15 5.57 11 4.07
9.251 - 9.500 1,637,526.98 3.94 9 3.33
9.501 - 9.750 2,342,403.61 5.64 18 6.67
9.751 - 10.000 6,161,884.77 14.84 31 11.48
10.001 - 10.250 2,142,609.68 5.16 12 4.44
10.251 - 10.500 4,278,715.12 10.31 23 8.52
10.501 - 10.750 4,469,214.84 10.76 20 7.41
10.751 - 11.000 4,526,149.35 10.90 30 11.11
11.001 - 11.250 2,156,487.11 5.19 12 4.44
11.251 - 11.500 2,657,901.41 6.40 21 7.78
11.501 - 11.750 1,455,613.94 3.51 16 5.93
11.751 - 12.000 1,504,912.88 3.62 16 5.93
12.001 - 12.250 886,549.04 2.14 8 2.96
12.251 - 12.500 990,631.14 2.39 9 3.33
12.501 - 12.750 1,485,104.48 3.58 9 3.33
12.751 - 13.000 319,246.67 0.77 7 2.59
13.001 - 13.250 498,770.81 1.20 4 1.48
13.251 - 13.500 78,400.00 0.19 1 0.37
13.501 - 13.750 624,368.00 1.50 4 1.48
13.751 - 14.000 54,000.00 0.13 1 0.37
15.251 - 15.285 23,400.00 0.06 1 0.37
------------------------------------------------------------------------------------------------------
TOTAL 41,520,049.07 100.00 270 100.00
======================================================================================================
Original LTV:
29.47 - 30.00 28,000.00 0.07 1 0.37
30.01 - 35.00 39,985.70 0.10 1 0.37
35.01 - 40.00 155,587.13 0.37 3 1.11
40.01 - 45.00 584,328.28 1.41 5 1.85
45.01 - 50.00 728,943.00 1.76 4 1.48
50.01 - 55.00 68,300.00 0.16 1 0.37
55.01 - 60.00 2,187,500.77 5.27 13 4.81
60.01 - 65.00 1,481,614.07 3.57 13 4.81
65.01 - 70.00 3,415,005.20 8.22 20 7.41
70.01 - 75.00 6,634,298.16 15.98 40 14.81
75.01 - 80.00 13,852,690.96 33.36 86 31.85
</TABLE>
<PAGE>
<TABLE>
<S> <C>
80.01 - 85.00 5,564,883.52 13.40 34 12.59
85.01 - 90.00 6,778,912.28 16.33 49 18.15
------------------------------------------------------------------------------------------------------
TOTAL 41,520,049.07 100.00 270 100.00
======================================================================================================
Remaining Term:
354 - 360 41,520,049.07 100.00 270 100.00
------------------------------------------------------------------------------------------------------
TOTAL 41,520,049.07 100.00 270 100.00
======================================================================================================
Remain Amort Term:
260 - 264 86,317.36 0.21 1 0.37
265 - 276 105,842.15 0.25 1 0.37
337 - 348 58,181.30 0.14 1 0.37
349 - 360 41,269,708.26 99.40 267 98.89
------------------------------------------------------------------------------------------------------
TOTAL 41,520,049.07 100.00 270 100.00
======================================================================================================
Gross Margin:
4.000 - 4.000 253,300.00 0.61 1 0.37
4.001 - 4.250 733,776.03 1.77 3 1.11
4.251 - 4.500 1,949,883.02 4.70 8 2.96
4.501 - 4.750 1,953,837.17 4.71 13 4.81
4.751 - 5.000 2,808,987.03 6.77 15 5.56
5.001 - 5.250 3,183,412.01 7.67 18 6.67
5.251 - 5.500 2,810,948.01 6.77 22 8.15
5.501 - 5.750 2,759,612.38 6.65 19 7.04
5.751 - 6.000 4,037,063.50 9.72 28 10.37
6.001 - 6.250 2,008,018.89 4.84 13 4.81
6.251 - 6.500 4,271,791.37 10.29 24 8.89
6.501 - 6.750 4,871,868.08 11.73 27 10.00
6.751 - 7.000 4,693,835.98 11.30 34 12.59
7.001 - 7.250 2,044,451.04 4.92 17 6.30
7.251 - 7.500 1,334,884.27 3.22 7 2.59
7.501 - 7.750 624,297.50 1.50 7 2.59
7.751 - 8.000 194,423.02 0.47 5 1.85
8.001 - 8.250 51,750.00 0.12 1 0.37
8.251 - 8.500 266,866.13 0.64 3 1.11
8.501 - 8.750 126,965.35 0.31 2 0.74
8.751 - 9.000 516,678.29 1.24 2 0.74
10.001 - 10.175 23,400.00 0.06 1 0.37
------------------------------------------------------------------------------------------------------
TOTAL 41,520,049.07 100.00 270 100.00
======================================================================================================
Lifetime Rate Cap:
14.880 - 15.000 458,144.35 1.10 4 1.48
15.001 - 15.250 1,218,799.86 2.94 6 2.22
15.251 - 15.500 1,588,011.63 3.82 8 2.96
15.501 - 15.750 1,326,463.56 3.19 10 3.70
15.751 - 16.000 3,198,969.04 7.70 15 5.56
16.001 - 16.250 1,861,042.18 4.48 10 3.70
16.251 - 16.500 1,251,281.90 3.01 8 2.96
16.501 - 16.750 2,624,704.04 6.32 15 5.56
16.751 - 17.000 5,265,299.31 12.68 32 11.85
17.001 - 17.250 2,441,940.55 5.88 12 4.44
</TABLE>
<PAGE>
<TABLE>
<S> <C>
17.251 - 17.500 4,011,692.80 9.66 26 9.63
17.501 - 17.750 3,383,140.29 8.15 19 7.04
17.751 - 18.000 3,884,726.90 9.36 27 10.00
18.001 - 18.250 1,309,109.26 3.15 10 3.70
18.251 - 18.500 1,639,001.00 3.95 12 4.44
18.501 - 18.750 932,924.50 2.25 10 3.70
18.751 - 19.000 534,628.97 1.29 8 2.96
19.001 - 19.250 1,164,142.94 2.80 9 3.33
19.251 - 19.500 1,030,781.14 2.48 9 3.33
19.501 - 19.750 1,521,347.48 3.66 10 3.70
19.751 - 20.000 262,372.37 0.63 6 2.22
20.501 - 20.750 588,125.00 1.42 3 1.11
21.251 - 21.285 23,400.00 0.06 1 0.37
------------------------------------------------------------------------------------------------------
TOTAL 41,520,049.07 100.00 270 100.00
======================================================================================================
Lifetime Rate Floor:
5.150 - 5.250 125,761.47 0.30 1 0.37
6.751 - 7.000 115,700.00 0.28 1 0.37
7.501 - 7.750 74,800.00 0.18 1 0.37
8.001 - 8.250 127,800.00 0.31 1 0.37
8.251 - 8.500 431,580.00 1.04 2 0.74
8.751 - 9.000 992,833.15 2.39 6 2.22
9.001 - 9.250 2,310,618.15 5.57 11 4.07
9.251 - 9.500 1,637,526.98 3.94 9 3.33
9.501 - 9.750 2,141,842.14 5.16 16 5.93
9.751 - 10.000 5,805,792.71 13.98 30 11.11
10.001 - 10.250 2,014,809.68 4.85 11 4.07
10.251 - 10.500 4,010,235.12 9.66 22 8.15
10.501 - 10.750 4,469,214.84 10.76 20 7.41
10.751 - 11.000 4,526,149.35 10.90 30 11.11
11.001 - 11.250 2,156,487.11 5.19 12 4.44
11.251 - 11.500 2,657,901.41 6.40 21 7.78
11.501 - 11.750 1,455,613.94 3.51 16 5.93
11.751 - 12.000 1,504,912.88 3.62 16 5.93
12.001 - 12.250 886,549.04 2.14 8 2.96
12.251 - 12.500 990,631.14 2.39 9 3.33
12.501 - 12.750 1,485,104.48 3.58 9 3.33
12.751 - 13.000 319,246.67 0.77 7 2.59
13.001 - 13.250 498,770.81 1.20 4 1.48
13.251 - 13.500 78,400.00 0.19 1 0.37
13.501 - 13.750 624,368.00 1.50 4 1.48
13.751 - 14.000 54,000.00 0.13 1 0.37
15.251 - 15.285 23,400.00 0.06 1 0.37
------------------------------------------------------------------------------------------------------
TOTAL 41,520,049.07 100.00 270 100.00
======================================================================================================
Next Rate Adjust Date:
Apr 2001 163,100.00 0.39 1 0.37
Jun 2002 257,320.54 0.62 2 0.74
Jul 2002 1,051,538.83 2.53 6 2.22
Aug 2002 390,864.66 0.94 5 1.85
Sep 2002 9,698,628.56 23.36 58 21.48
Oct 2002 10,011,320.79 24.11 66 24.44
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Nov 2002 344,750.00 0.83 5 1.85
Apr 2003 104,920.16 0.25 1 0.37
May 2003 283,282.94 0.68 3 1.11
Jun 2003 41,916.38 0.10 1 0.37
Jul 2003 1,261,583.74 3.04 6 2.22
Aug 2003 2,298,073.66 5.53 12 4.44
Sep 2003 8,236,360.53 19.84 52 19.26
Oct 2003 7,327,638.28 17.65 51 18.89
Nov 2003 48,750.00 0.12 1 0.37
------------------------------------------------------------------------------------------------------
TOTAL 41,520,049.07 100.00 270 100.00
======================================================================================================
Occupancy Type:
Primary 39,828,035.40 95.92 252 93.33
Investor 1,692,013.67 4.08 18 6.67
------------------------------------------------------------------------------------------------------
TOTAL 41,520,049.07 100.00 270 100.00
======================================================================================================
Documentation Type:
Full Documentation 27,787,565.95 66.93 194 71.85
Stated Documentation 11,687,877.72 28.15 64 23.70
Limited Documentation 2,044,605.40 4.92 12 4.44
------------------------------------------------------------------------------------------------------
TOTAL 41,520,049.07 100.00 270 100.00
======================================================================================================
Loan Purpose:
Cash Out Refinance 20,726,382.04 49.92 141 52.22
Purchase 16,855,479.25 40.60 105 38.89
Refinance 3,938,187.78 9.49 24 8.89
------------------------------------------------------------------------------------------------------
TOTAL 41,520,049.07 100.00 270 100.00
======================================================================================================
Property Type:
Single Family Detached 33,403,179.14 80.45 222 82.22
PUD 2,675,812.72 6.44 11 4.07
Condominium 2,570,761.86 6.19 14 5.19
Two-Four Family 1,019,720.51 2.46 7 2.59
Single Family Attached 904,268.59 2.18 6 2.22
Manufactured Housing 598,729.41 1.44 8 2.96
Townhouse 347,576.84 0.84 2 0.74
------------------------------------------------------------------------------------------------------
TOTAL 41,520,049.07 100.00 270 100.00
======================================================================================================
Loan Types:
2/28 6 Mo LIBOR ARM 21,754,423.38 52.39 142 52.59
3/27 6 Mo LIBOR ARM 19,602,525.69 47.21 127 47.04
6 Mo LIBOR ARM 30 Yr 163,100.00 0.39 1 0.37
------------------------------------------------------------------------------------------------------
TOTAL 41,520,049.07 100.00 270 100.00
======================================================================================================
Index:
6 MO LIBOR 41,520,049.07 100.00 270 100.00
------------------------------------------------------------------------------------------------------
TOTAL 41,520,049.07 100.00 270 100.00
======================================================================================================
State Distribution:
Arizona 312,432.18 0.75 3 1.11
Arkansas 395,561.40 0.95 3 1.11
</TABLE>
<PAGE>
<TABLE>
<S> <C>
California 19,488,346.23 46.94 83 30.74
Colorado 1,027,307.38 2.47 9 3.33
Connecticut 638,795.60 1.54 4 1.48
District of Columbia 79,963.65 0.19 1 0.37
Florida 707,693.05 1.70 8 2.96
Georgia 847,363.64 2.04 8 2.96
Hawaii 480,506.52 1.16 2 0.74
Illinois 868,495.89 2.09 9 3.33
Indiana 682,692.09 1.64 6 2.22
Iowa 307,400.00 0.74 4 1.48
Kentucky 75,882.65 0.18 1 0.37
Louisiana 836,232.49 2.01 6 2.22
Maryland 1,288,537.36 3.10 6 2.22
Michigan 1,539,902.50 3.71 22 8.15
Minnesota 472,879.51 1.14 5 1.85
Missouri 465,861.90 1.12 6 2.22
Montana 85,304.76 0.21 1 0.37
Nevada 490,155.96 1.18 5 1.85
New Jersey 1,364,467.89 3.29 7 2.59
New York 675,674.88 1.63 3 1.11
North Carolina 115,964.50 0.28 2 0.74
Ohio 807,755.46 1.95 11 4.07
Oklahoma 91,400.00 0.22 2 0.74
Oregon 843,496.92 2.03 6 2.22
Pennsylvania 1,841,418.35 4.44 12 4.44
South Carolina 96,723.58 0.23 2 0.74
Tennessee 301,225.23 0.73 3 1.11
Texas 1,758,382.79 4.24 13 4.81
Utah 127,836.57 0.31 2 0.74
Virginia 723,400.00 1.74 3 1.11
Washington 1,210,696.76 2.92 6 2.22
West Virginia 219,150.00 0.53 2 0.74
Wisconsin 251,141.38 0.60 4 1.48
------------------------------------------------------------------------------------------------------
TOTAL 41,520,049.07 100.00 270 100.00
======================================================================================================
FICO SCORE:
(less than
or equal
to) 400 219,863.94 0.53 3 1.11
451 - 500 2,283,490.59 5.50 19 7.04
501 - 550 11,088,232.51 26.71 82 30.37
551 - 600 12,129,488.34 29.21 84 31.11
601 - 650 11,573,417.15 27.87 57 21.11
651 - 700 3,206,340.11 7.72 18 6.67
701 - 750 800,338.47 1.93 5 1.85
751 - 767 218,877.96 0.53 2 0.74
------------------------------------------------------------------------------------------------------
TOTAL 41,520,049.07 100.00 270 100.00
======================================================================================================
Credit Grade:
A+ 638,116.96 1.54 3 1.11
A 3,031,179.44 7.30 15 5.56
A- 21,500,142.95 51.78 133 49.26
B 7,600,117.80 18.30 51 18.89
C 7,098,338.75 17.10 52 19.26
</TABLE>
<PAGE>
<TABLE>
<S> <C>
D 1,652,153.17 3.98 16 5.93
------------------------------------------------------------------------------------------------------
TOTAL 41,520,049.07 100.00 270 100.00
======================================================================================================
Delinquency:
Current 41,520,049.07 100.00 270 100.00
------------------------------------------------------------------------------------------------------
TOTAL 41,520,049.07 100.00 270 100.00
======================================================================================================
Lien Position:
First Lien 41,520,049.07 100.00 270 100.00
------------------------------------------------------------------------------------------------------
TOTAL 41,520,049.07 100.00 270 100.00
======================================================================================================
PREPAY CODE:
1 Year - 6 Months Advance Int 2,163,842.10 5.21 7 2.59
2 Year - 6 Months Advance Int 11,010,402.91 26.52 65 24.07
3 Year - 6 Months Advance Int 19,999,113.61 48.17 128 47.41
4 Year - 6 Months Advance Int 186,500.00 0.45 1 0.37
5 Year - 6 Months Advance Int 3,270,046.36 7.88 27 10.00
No Prepayment Penalty 3,875,933.04 9.34 30 11.11
Penalty in accordance with St 1,014,211.05 2.44 12 4.44
------------------------------------------------------------------------------------------------------
TOTAL 41,520,049.07 100.00 270 100.00
======================================================================================================
Section 32 Loans:
No 41,180,049.07 99.18 269 99.63
Yes 340,000.00 0.82 1 0.37
------------------------------------------------------------------------------------------------------
TOTAL 41,520,049.07 100.00 270 100.00
======================================================================================================
</TABLE>
<PAGE>
Item 6. Resignations of Registrant's Directors. Not Applicable.
Item 7. Financial Statements and Exhibits
(a) Financial statements of businesses acquired. Not Applicable.
(b) Pro forma financial information. Not Applicable.
(c) Exhibits. Not Applicable.
Item 8. Change in Fiscal Year. Not Applicable.
Item 9. Sales of Equity Securities Pursuant to Regulation S. Not Applicable.
<PAGE>
SIGNATURES
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 thereunto duly authorized.
SAXON ASSET SECURITIES COMPANY
By: /s/ Bradley D. Adams
----------------------------
Bradley D. Adams, Vice President
November 9, 2000
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