Distribution Date: 26-Dec-00

Original Beginning Interest Certificates Certificates Applied Ending

Certificate Certificate Principal Interest Carry Forward Carryover Carryover Realized Loss Total Certificate

Class Cusip # Balance Balance Distribution Distribution Amount Amount Paid Amount Amount Distribution Balance

AF-1 805564FC0 100,000,000.00 74,671,041.03 2,769,216.04 471,983.21 - N/A N/A N/A 3,241,199.25 71,901,824.99

AF-2 805564FD8 42,000,000.00 42,000,000.00 - 269,850.00 - N/A N/A N/A 269,850.00 42,000,000.00

AF-3 805564FE6 40,000,000.00 40,000,000.00 - 258,500.00 - N/A N/A N/A 258,500.00 40,000,000.00

AF-4 805564FF3 30,000,000.00 30,000,000.00 - 201,875.00 - N/A N/A N/A 201,875.00 30,000,000.00

AF-5 805564FG1 21,914,000.00 21,914,000.00 - 151,663.14 - N/A N/A N/A 151,663.14 21,914,000.00

AF-6 805564FH9 26,000,000.00 26,000,000.00 - 173,441.67 - N/A N/A N/A 173,441.67 26,000,000.00

MF-1 805564FJ5 15,386,000.00 15,386,000.00 - 106,868.59 - N/A N/A - 106,868.59 15,386,000.00

MF-2 805564FK2 10,457,000.00 10,457,000.00 - 76,074.68 - N/A N/A - 76,074.68 10,457,000.00

BF-1 805564FL0 8,964,000.00 8,964,000.00 - 72,907.20 - N/A N/A - 72,907.20 8,964,000.00

BF-1A 805564FM8 4,034,000.00 1,350,796.19 337,891.71 10,119.71 - N/A N/A - 348,011.42 1,012,904.48

AV-1 805564FN6 128,000,000.00 112,894,145.04 1,728,051.57 623,638.23 - - - N/A 2,351,689.80 111,166,093.47

MV-1 805564FP1 13,600,000.00 13,600,000.00 - 77,209.28 - - - - 77,209.28 13,600,000.00

MV-2 805564FQ9 10,000,000.00 10,000,000.00 - 59,913.19 - - - - 59,913.19 10,000,000.00

BV-1 805564FR7 5,200,000.00 5,200,000.00 - 35,888.31 - - - - 35,888.31 5,200,000.00

BV-1A 805564FS5 3,200,000.00 1,071,990.87 218,823.31 8,187.33 - - - - 227,010.64 853,167.56

Class C 80556C2 N/A N/A N/A 217,989.94 N/A N/A N/A N/A 217,989.94 N/A

Class R 80556R2 N/A N/A N/A - N/A N/A N/A N/A - N/A

TOTALS 458,755,000.00 413,508,973.14 5,053,982.63 2,816,109.48 7,870,092.11 408,454,990.50

Group I 298,755,000.00 270,742,837.22 3,107,107.75 1,793,283.19 4,900,390.95 267,635,729.47

Group II 160,000,000.00 142,766,135.91 1,946,874.88 804,836.34 2,751,711.22 140,819,261.03

One Month LIBOR RATE 6.61750%

Factor Information per $1,000 of the Original Balance

Principal Interest Interest Certificates Certificates End Prin Current Pass

Class Cusip # Distribution Distribution Carry Forward Carryover Carryover Paid Balance Through Rate

AF-1 805564FC0 27.69216 4.71983 0.00000 N/A N/A 719.01825 7.58500%

AF-2 805564FD8 0.00000 6.42500 0.00000 N/A N/A 1,000.00000 7.71000%

AF-3 805564FE6 0.00000 6.46250 0.00000 N/A N/A 1,000.00000 7.75500%

AF-4 805564FF3 0.00000 6.72917 0.00000 N/A N/A 1,000.00000 8.07500%

AF-5 805564FG1 0.00000 6.92083 0.00000 N/A N/A 1,000.00000 8.30500%

AF-6 805564FH9 0.00000 6.67083 0.00000 N/A N/A 1,000.00000 8.00500%

MF-1 805564FJ5 0.00000 6.94583 0.00000 N/A N/A 1,000.00000 8.33500%

MF-2 805564FK2 0.00000 7.27500 0.00000 N/A N/A 1,000.00000 8.73000%

BF-1 805564FL0 0.00000 8.13333 0.00000 N/A N/A 1,000.00000 9.76000% 0.00

BF-1A 805564FM8 83.76096 2.50861 0.00000 N/A N/A 251.09184 8.99000% 0.00

AV-1 805564FN6 13.50040 4.87217 0.00000 0.00000 0.00000 868.48511 6.85750%

MV-1 805564FP1 0.00000 5.67715 0.00000 0.00000 0.00000 1,000.00000 7.04750%

MV-2 805564FQ9 0.00000 5.99132 0.00000 0.00000 0.00000 1,000.00000 7.43750%

BV-1 805564FR7 0.00000 6.90160 0.00000 0.00000 0.00000 1,000.00000 8.56750% 0.00

BV-1A 805564FS5 68.38228 2.55854 0.00000 0.00000 0.00000 266.61486 9.16500% 0.00

If there are any questions or comments, please contact:

Joan Dolce

Saxon Mortgage

4880 Cox Road

Glen Allen, VA 23060

(804) 967-5814

Investor Relations, contact Ivy Wolfe

visit our web site www.saxonmortgage.com

Group I Group II

Aggregate Scheduled Mortgage Principal Balance 270,659,543.55 143,167,045.01

Prepayment Amount 2,578,055.16 1,621,852.65

Liquidation Amount - 212,463.49

Substitution Shortfall Amount - -

Repurchase Amounts - -

Other Recoveries - -

Extra Principal Distribution Amount 718.28 36,194.44

Applied Realized Loss Amount - -

Unpaid Realized Loss Amount - -

Group I Group II

Net Rate 9.85056% 9.65013%

Largest Mortgage Loan Balance 497,220.56 874,287.34

Servicing Fees 115,992.20 60,373.16

Master Servicing Fees 11,392.86 6,037.30

The Number and Aggregate Principal Balances

of all Delinquent Mortgage Loans as of the Remittance Date

Group I Group II

Category Number Percentage Principal Balance Number Percentage Principal Balance

30-59 Days 115 3.71280% 10,049,058.30 56 4.27090% 6,114,521.43

60-89 Days 10 0.35450% 959,495.46 4 0.26115% 373,876.01

90+ Days 11 0.45769% 1,238,788.34 2 0.13137% 188,073.86

Group I Group II

Number of Mortgage Loans in Foreclosure Proceedings 157 74

Scheduled Principal Balance of all Mortgage Loans in Foreclosure Proceedings 13,855,497.55 8,053,853.69

Number of Mortgage Loans in Foreclosure in Prior Month 139 68

Scheduled Principal Balance of all Mortgage Loans in Foreclosure in Prior Month 12,826,095.08 6,976,145.57

Group I Group II

Number of Mortgagors in Bankruptcy Proceedings 54 30

Scheduled Principal Balances of Mortgage Loans in Bankruptcy Proceedings 3,691,663.62 2,783,278.18

Group I Group II

Number of any REO Properties 25 13

Book Value of any REO Properties 2,405,512.10 1,330,277.95

Group I Group II

Servicer Number Principal Balance Number Principal Balance

Number of 60+ Delinquent Loans Meritech 237 20,838,182.90 115 11,905,199.57

Amount on Deposit in Asset Proceeds Account 7,870,092.11

Interest 3,409,737.22

Scheduled Principal 260,447.08

Unscheduled Principal 4,199,907.81

Group I Group II

Realized Losses for the current period 832.20 36,194.44

Cumulative Realized Losses 162,143.31 107,779.35

Applied Realized Losses - -

Unpaid Realized Losses - -

Group I Group II

Trigger Event Has not occurred Has not occurred

Subordinate Trigger Event Has not occurred Has not occurred

Overcollateralization Target Amount 8,962,731.54 4,400,026.15

Overcollateralization Amount 3,023,814.08 2,347,783.98

REO Properties

Group I

Loan Number Book Value Foreclosure Date Original LTV Ratio Paid Thru Date

11123876 60,507.11 10/10/2000 0.9 08/01/2000

11137435 54,807.55 07/25/2000 0.8999 04/01/2000

11144269 30,599.44 04/06/2000 0.8 02/01/2000

11150508 115,543.46 04/07/2000 0.8 02/01/2000

11151867 94,269.24 11/06/2000 0.2 02/01/2000

11158870 58,889.02 12/07/2000 0.8 02/01/2000

11167085 497,220.56 04/11/2000 0.6803 02/01/2000

11167177 60,050.59 05/05/2000 0.7724 03/01/2000

11170391 51,466.77 07/10/2000 0.8 05/01/2000

11171235 292,909.64 07/03/2000 0.9 05/01/2000

11175652 50,749.63 05/09/2000 0.7907 02/01/2000

11175919 59,853.40 07/07/2000 0.8 05/01/2000

11176524 58,088.26 08/04/2000 0.6 06/01/2000

11176604 57,213.92 10/12/2000 0.85 08/01/2000

11177891 28,379.22 05/17/2000 0.5455 03/15/2000

11178428 101,250.76 06/19/2000 0.8 04/01/2000

11178916 27,940.85 06/06/2000 0.8 04/01/2000

11183202 55,034.82 06/21/2000 0.85 04/20/2000

11184249 31,385.33 05/09/2000 0.6 03/01/2000

11184615 35,890.16 08/14/2000 0.6 06/06/2000

11186225 402,258.71 09/14/2000 0.75 07/01/2000

11186919 51,956.48 10/20/2000 0.7898 08/01/2000

11191861 75,821.15 09/25/2000 0.8 07/01/2000

11193383 29,945.53 07/06/2000 0.8 05/01/2000

11197042 23,480.50 07/10/2000 0.6857 05/01/2000

Group II

Loan Number Book Value Foreclosure Date Original LTV Ratio Paid Thru Date

11174564 270,313.25 08/01/2000 0.8 06/01/2000

11181103 121,827.38 10/20/2000 0.85 08/20/2000

11182204 71,945.18 06/09/2000 0.7 03/01/2000

11182244 46,051.95 09/15/2000 0.7 07/01/2000

11183110 160,524.63 09/01/2000 0.85 07/01/2000

11183893 37,441.28 07/10/2000 0.8 05/01/2000

11184704 99,564.17 08/04/2000 0.6173 06/01/2000

11185442 231,045.08 10/06/2000 0.8 08/01/2000

11188102 55,068.45 04/24/2000 0.6 02/01/2000

11188883 67,308.71 06/16/2000 0.9 03/01/2000

11189246 74,564.48 08/04/2000 0.6818 06/01/2000

11195423 39,811.39 07/10/2000 0.5 05/01/2000

11196003 54,812.00 09/01/2000 0.75 07/01/2000