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 Mortgage Securities
Corporation
Series 1995-1 Trust
(Registrant)
By: Saxon Mortgage Securities
Corporation
Name: Lisa R. Cooke
Title: Vice-President
SMSC Series 1995-01
Norwest Bank Minnesota, N.A.
Contact: Lisa Wehrmeyer
Securities Administration Services
Reporting Month: February 1996
Phone: (410) 884-2120
11000 Broken Land Parkway
Distribution Date: March 25, 1996
InvestorDirect: (800) 605-4167
Columbia, MD 21044-7800
Cover Page
Report Name
Report Number
____________________________________________________________
__ ________________
Series Structure Summary
1
Class Distribution Summary
2
Class Distribution Per 1,000 of
Original Balance
3
Class Principal Distribution
4
Class Interest Distribution
5
Fund Account Summary
6
Loss/Delinquency Detail
7
Collateral Summary
8
Credit Enhancement Summary
9
SMSC Series 1995-01
Norwest Bank Minnesota, N.A.
Contact: Lisa Wehrmeyer
Securities Administration Services
Reporting Month: February 1996
Phone: (410) 884-2120
11000 Broken Land Parkway
Distribution Date: March 25, 1996
InvestorDirect: (800) 605-4167
Columbia, MD 21044-7800
Series Structure Summary
Aggregate Realized Aggregate
Ending
Class
Original Principal Losses Principal
Aggregate Interest Undistributed Principal
Class Description Principal Type Interest Type
Balance Pass Through Rate Balance Reduction
Shortfall Principal Factor
____________________________________________________________
____________________________________________________________
_______________________________________________
A-1 Senior Pass Through Reduced PT
121,366,153.00 7.76537843% 0.00
0.00 0.00 0.7685948890
A-2 Senior Pass Through Reduced PT
58,000,454.00 7.73142783% 0.00
0.00 0.00 0.7797554076
I-1 Senior Interest Only Spread
0.00 0.38250000% 0.00 0.00
0.00 0.0000000000
I-2 Senior Interest Only Spread
0.00 0.37450000% 0.00 0.00
0.00 0.0000000000
____________________________________________________________
____________________________________________________________
_______________________________________________
Totals
179,366,607.00 0.00
0.00 0.00 0.7722037834
Report 1
03/19/96 -- 8:02pm
Page 1 of 1
SMSC Series 1995-01
Norwest Bank Minnesota, N.A.
Contact: Lisa Wehrmeyer
Securities Administration Services
Reporting Month: February 1996 Phone:
(410) 884-2120
11000 Broken Land Parkway
Distribution Date: March 25, 1996
InvestorDirect: (800) 605-4167
Columbia, MD 21044-7800
Class Distribution Summary
Beginning
Principal Ending
Pass Through
Principal Total Interest Total Principal
Balance Principal Total
Class Record Date Rate
Balance Distribution Distribution
Reduction Balance Distribution
____________________________________________________________
____________________________________________________________
____________________________________
A-1 02/29/1996 7.76537843%
97,486,374.90 630,848.83 4,204,970.01
0.00 93,281,404.89 4,835,818.84
A-2 02/29/1996 7.73142783%
47,092,932.95 303,413.01 1,866,765.30
0.00 45,226,167.65 2,170,178.31
I-1 02/29/1996 0.38250000%
0.00 31,073.78 0.00
0.00 0.00 31,073.78
I-2 02/29/1996 0.37450000%
0.00 14,696.92 0.00
0.00 0.00 14,696.92
____________________________________________________________
____________________________________________________________
____________________________________
Totals
144,579,307.85 980,032.54 6,071,735.31
0.00 138,507,572.54 7,051,767.85
Report 2
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Page 1 of 1
SMSC Series 1995-01
Norwest Bank Minnesota, N.A.
Contact: Lisa Wehrmeyer
Securities Administration Services Reporting
Month: February 1996 Phone:
(410) 884-2120
11000 Broken Land Parkway Distribution
Date: March 25, 1996 InvestorDirect:
(800) 605-4167
Columbia, MD 21044-7800
Class Distribution
Per 1,000 of Original Balance
Total Other
Total
Interest Scheduled Principal Total Principal
Principal Ending
Distribution Principal Distribution Distribution
Balance Principal
Class Cusip Original Balance
Factor Factor Factor Factor
Reduction Factor
____________________________________________________________
____________________________________________________________
_____________________________
A-1 805570JF6 121,366,153.00
5.19789756 0.48281188 34.16416264 34.64697452
0.00000000 0.7685948890
A-2 805570JG4 58,000,454.00
5.23121785 0.48806015 31.69729654 32.18535669
0.00000000 0.7797554076
I-1 805570JH2 0.00
N/A N/A N/A N/A
N/A N/A
I-2 805570JJ8 0.00
N/A N/A N/A N/A
N/A N/A
____________________________________________________________
____________________________________________________________
_____________________________
Totals 179,366,607.00
0.7722037834
Report 3
03/19/96 -- 8:02pm
Page 1 of 1
SMSC Series 1995-01
Norwest Bank Minnesota, N.A.
Contact: Lisa Wehrmeyer
Securities Administration Services
Reporting Month: February 1996
Phone: (410) 884-2120
11000 Broken Land Parkway
Distribution Date: March 25, 1996
InvestorDirect: (800) 605-4167
Columbia, MD 21044-7800
Class Principal Distribution
Beginning
Principal Ending Current
Principal Scheduled
Unscheduled Other Total
Principal Balance Principal Undistributed
Class Balance Principal
Principal Accretion Principal Distribution
Reduction* Balance Principal
____________________________________________________________
____________________________________________________________
____________________________________________
A-1 97,486,374.90 58,597.02
4,146,372.99 0.00 0.00
4,204,970.01 0.00 93,281,404.89
0.00
A-2 47,092,932.95 28,307.71
1,838,457.59 0.00 0.00
1,866,765.30 0.00 45,226,167.65
0.00
I-1 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00
I-2 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00
____________________________________________________________
____________________________________________________________
____________________________________________
Totals 144,579,307.85 86,904.73
5,984,830.58 0.00 0.00
6,071,735.31 0.00 138,507,572.54
0.00
*Principal Balance Reduction
Realized Losses Principal Balance Reduction
0.00
Negative Amortization Principal Balance Reduction
0.00
Other
0.00
Report 4
03/19/96 -- 8:02pm
Page 1 of 1
SMSC Series 1995-01
Norwest Bank Minnesota, N.A.
Contact: Lisa Wehrmeyer
Securities Administration Services
Reporting Month: February 1996
Phone: (410) 884-2120
11000 Broken Land Parkway
Distribution Date: March 25, 1996
InvestorDirect: (800) 605-4167
Columbia, MD 21044-7800
Class Interest Distribution
Beginning
Negative Ending
Principal/
Interest Amortization
Principal/
Notional
Interest Shortfall/ Other
Interest Total Interest Notional
Class Pass-Through Rate Balance
Accrual (Recovery) Accretion Interest
Reduction Distribution Balance
____________________________________________________________
____________________________________________________________
_____________________________________________
A-1 7.76537843% 97,486,374.90
630,848.83 0.00 0.00
0.00 0.00 630,848.83 93,281,404.89
A-2 7.73142783% 47,092,932.95
303,413.01 0.00 0.00
0.00 0.00 303,413.01 45,226,167.65
I-1 0.38250000% 97,486,374.90
31,073.78 0.00 0.00 0.00
0.00 31,073.78 93,281,404.89
I-2 0.37450000% 47,092,932.95
14,696.92 0.00 0.00 0.00
0.00 14,696.92 45,226,167.65
____________________________________________________________
____________________________________________________________
_____________________________________________
Totals
980,032.54 0.00 0.00
0.00 0.00 980,032.54
Report 5
03/19/96 -- 8:02pm
Page 1 of 1
SMSC Series 1995-01
Norwest Bank Minnesota, N.A.
Contact: Lisa Wehrmeyer
Securities Administration Services
Reporting Month: February 1996
Phone: (410) 884-2120
11000 Broken Land Parkway
Distribution Date: March 25, 1996
InvestorDirect: (800) 605-4167
Columbia, MD 21044-7800
Fund Account Summary
____________________________________________________________
____________________________________________________________
______________________________________________________
Proceeds Account
Beginning Balance
0.00
DEPOSITS:
WITHDRAWALS:
Interest Net of Servicing Fee 1,055,635.26
Interest Payments 980,032.54
Scheduled Principal 86,904.73
Scheduled Principal Payment 86,904.73
Other Principal 5,984,830.58
Other Principal Payments 5,984,830.58
Negative Amortization 0.00
Reserve Fund 1 0.00
Deposits from Reserve Fund 0.00
Fees and Expenses 75,602.72
Gain/Loss Adjustment 0.00
Other Withdrawals 0.00
Other Deposits 0.00
Total Deposit
7,127,370.57 Total Withdrawals
7,127,370.57
Ending Balance
0.00
____________________________________________________________
____________________________________________________________
______________________________________________________
Initial Balance
Requirement Beginning Balance Deposits
Earnings Withdrawals Ending Balance
____________________________________________________________
____________________________________________________________
_____________
Reserve Fund - Credit Losses 896,833.00
0.00 896,833.00 0.00
0.00 0.00 896,833.00
Reserve Fund - Bankruptcy Losses 100,000.00
0.00 100,000.00 0.00
0.00 0.00 100,000.00
____________________________________________________________
____________________________________________________________
______________________________________________________
Report 6
03/19/96 -- 8:02pm
Page 1 of 1
SMSC Series 1995-01
Norwest Bank Minnesota, N.A.
Contact: Lisa Wehrmeyer
Securities Administration Services
Reporting Month: February 1996
Phone: (410) 884-2120
11000 Broken Land Parkway
Distribution Date: March 25, 1996
InvestorDirect: (800) 605-4167
Columbia, MD 21044-7800
Loss/Delinquency Detail
Current Current Current
Current Total Aggregate Aggregate
Aggregate Aggregate Total
Fraud Bankruptcy Special Hazard
Credit Current Fraud Bankruptcy
Special Hazard Credit Aggregate
Pool # Losses Losses Losses
Losses Losses Losses Losses
Losses Losses Losses
____________________________________________________________
____________________________________________________________
_________________________________________________
1 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00
2 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00
____________________________________________________________
____________________________________________________________
_________________________________________________
Totals 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00
____________________________________________________________
____________________________________________________________
________________________________________
30 Days Delinquent 60 Days Delinquent
90 Days Delinquent Foreclosures
REO's Totals
Number Balance Number Balance
Number Balance Number Balance Number
Balance Number Balance
1 39 6,225,143.42 9 1,180,188.44
8 1,032,494.97 12 2,637,253.83 1
268,685.13 69 11,343,765.79
2 18 2,370,421.29 5 564,727.39
6 806,321.75 3 501,778.07 1
107,949.93 33 4,351,198.43
____________________________________________________________
____________________________________________________________
________________________________________
Totals 57 8,595,564.71 14 1,744,915.83
14 1,838,816.72 15 3,139,031.90 2
376,635.06 102 15,694,964.22
Report 7
03/19/96 -- 8:02pm
Page 1 of 1
SMSC Series 1995-01
Norwest Bank Minnesota, N.A.
Contact: Lisa Wehrmeyer
Securities Administration Services Reporting
Month: February 1996 Phone:
(410) 884-2120
11000 Broken Land Parkway
Distribution Date: March 25, 1996
InvestorDirect: (800) 605-4167
Columbia, MD 21044-7800
Collateral Summary
Total| Pool 1 Pool 2
____________________________________________________________
_____________________________________________
Monthly P&I Constant
1,187,720.85| 801,961.12 385,759.73
|
Positive Amortization
86,904.73| 58,597.02 28,307.71
Negative Amortization
0.00| 0.00 0.00
Regular Curtailments
39,007.03| 11,800.08 27,206.95
Regular Curtailment Interest
298.35| 86.55 211.80
Prepaid Curtailments
672.50| 631.10 41.40
Prepaid Curtailment Interest
0.40| 0.40 0.00
Liquidations
5,944,852.73| 4,133,851.47 1,811,001.26
Principal Adjustments
(0.43)| 3.39 (3.82)
Total Principal Trust Distribution
6,071,735.31| 4,204,970.01 1,866,765.30
|
Scheduled Interest
1,100,816.12| 743,364.10 357,452.02
Servicing Fee
45,180.86| 30,464.36 14,716.50
Master Servicing Fee
8,132.48| 5,483.54 2,648.94
Spread
0.00| 0.00 0.00
Total Pass-Through Interest
980,032.54| 661,922.61 318,109.93
|
Beginning Balance
144,579,307.85| 97,486,374.90 47,092,932.95
Ending Balance
138,507,572.54| 93,281,404.89 45,226,167.65
Gross P&I Distribution
7,127,370.57| 4,917,869.75 2,209,500.82
Realized Losses/(Gains)
0.00| 0.00 0.00
Net P&I Trust Distribution
7,127,370.57| 4,917,869.75 2,209,500.82
|
Beginning Loan Count
976| 648 328
Number of Loan Payoffs
29| 19 10
Ending Loan Count
947| 629 318
|
Weighted Average Maturity
343.8292897700| 343.9371226100 343.6060666100
Weighted Average Gross Rate
9.136710940%| 9.150375330% 9.108424490%
Weighted Average Net Rate
8.761712380%| 8.775376950% 8.733425550%
Weighted Average Pass-Through Rate
8.134214120%| 8.147878430% 8.105927830%
Weighted Average Margin
3.469600000%| 3.388800000% 3.629300000%
|
Advances on Delinquencies
|
Current Period Principal
9,402.28| 6,785.96 2,616.32
Current Period Interest
114,279.29| 82,301.19 31,978.10
|
|
Report 8
03/19/96 -- 8:02pm
Page 1 of 1
SMSC Series 1995-01
Norwest Bank Minnesota, N.A.
Contact: Lisa Wehrmeyer
Securities Administration Services
Reporting Month: February 1996
Phone: (410) 884-2120
11000 Broken Land Parkway
Distribution Date: March 25, 1996
InvestorDirect: (800) 605-4167
Columbia, MD 21044-7800
Credit Enhancement Summary
Initial Current Current
Current Current Current
Coverage Period Period Cumulative
Coverage Coverage Pool
Type/Purpose
Amount Losses Additions Losses
Percentage Amount Balance
____________________________________________________________
____________________________________________________________
___________________________________________
Reserve Fund - Bankruptcy Losses
100,000.00 0.00 0.00 0.00
0.00000000% 100,000.00 0.00
Reserve Fund - Credit Losses
896,833.00 0.00 0.00 0.00
0.00000000% 896,833.00 0.00
Principal
Distribution
Scheduled Unscheduled
Amount Percentage
Payment Payment
___________________________________________________________
Senior 6,071,735.31 100.00000000%
100.00000000% 100.00000000%
Report 9
03/19/96 -- 8:03pm
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