EXHIBIT 99.1 -  REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
             for the year ended December 31, 2005





REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors of
Saxon Capital, Inc.

We have examined management's assertion that Saxon
Mortgage Services, Inc. (the "Company") has complied as
of and for the year ended December 31,2005, with its
established minimum servicing standards described in the
accompanying Management's Assertion dated February 28, 2006.
Management is responsible for the Company's compliance with
those minimum servicing standards. Our responsibility is to
express an opinion on management's assertion about the
Company's compliance based on our examination.

Our examination was conducted in accordance with attestation
standards established by the American Institute of Certified
Public Accountants, as adopted by the Public Company
Accounting Oversight Board and accordingly, included examining,
on a test basis, evidence about the Company's compliance with
its minimum servicing standards and performing such other
procedures as we considered necessary in the circumstances.
We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal
determination on the Company's compliance with its minimum
servicing standards.

In our opinion, management's assertion that the Company
complied with the aforementioned minimum servicing
standards as of and for the year ended December 31, 2005,
is fairly stated, in all material respects based on
the criteria set forth in Appendix I.




/s/Deloitte & Touche LLP

February 28, 2006

Management's Assertion

As of and for the year ended December 31, 2005,
Saxon Mortgage Services, Inc. (the "Company")
has complied, in all material respects, with
the Company's established minimum servicing
standards for residential mortgage loans as
set forth in Appendix I (the "Standards"). The
Standards are based on the Mortgage Banker's
Association of America's Uniform Single
Attestation Program for Mortgage Bankers.

As of and for this same period, the Company
had in effect a fidelity bond in the form of
a Form 15 Financial Institutions Bond with
an aggregate coverage amount of $32 million,
and an errors and omissions policy in the
form of a Mortgagee Protection Policy with
mortgagee interest coverage of $20 million
and mortgagee liability coverage of $10 million.



/s/ Michael L. Sawyer
(Michael L. Sawyer, Chief Executive Officer)

/s/ David Dill
(David Dill, President, Saxon Mortgage Services, Inc.)


February 28,2006



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APPENDIX I

MINIMUM SERVICING STANDARDS AS SET FORTH IN THE MORTGAGE
BANKERS ASSOCIATION OF AMERICA'S UNIFORM SINGLE
ATTESTATION PROGRAM FOR MORTGAGE BANKERS

I.	CUSTODIAL BANK ACCOUNTS

1.	Reconciliations shall be prepared on a monthly
        basis for all custodial bank accounts and related
        bank clearing accounts. These reconciliations shall:

	Be mathematically accurate

	Be prepared within forty-five (45) calendar days
        after the cutoff date

	Be reviewed and approved by someone other than the
        person who prepared the reconciliation

	Document explanations for reconciling items. These
        reconciling items shall be resolved within ninety
        (90) calendar days of their original identification.

2.	Funds of the servicing entity shall be advanced in
        cases where there is an overdraft in an investor's
        or a mortgagor's account.

3.	Each custodial account shall be maintained at a
        federally insured depository institution in trust
        for the applicable investor.

4.	Escrow funds held in trust for a mortgagor shall be
        returned to the mortgagor within thirty (30) calendar
        days of payoff of the mortgage loan.

II.	MORTGAGE PAYMENTS

1.	Mortgage payments shall be deposited into the custodial
        bank accounts and related bank clearing accounts within
        two business days of receipt.

2.	Mortgage payments made in accordance with the mortgagor's
        loan documents shall be posted to the applicable
        mortgagor records within two business days of receipt.

3.	Mortgage payments shall be allocated to principal,
        interest,insurance, taxes, or other escrow items
        in accordance with the mortgagor's loan documents.

4.	Mortgage payments identified as loan payoffs shall be
        allocated in accordance with the mortgagor's
        loan documents.

III.    DISBURSEMENTS

1.	Disbursements made via wire transfer on behalf of a
        mortgagor or investor shall be made only by authorized
        personnel.

2.	Disbursements made on behalf of a mortgagor or investor
        shall be posted within two business days to the
        mortgagor's or investor's records maintained by
        the servicing entity.

3.	Tax and insurance payments shall be made on or before the
        penalty or insurance policy expiration dates, as indicated
        on tax bills and insurance premium notices, respectively,
        provided that such support has been received by the
        servicing entity at least thirty (30) calendar
        days prior to these dates.

4.	Any late payment penalties paid in conjunction with the
        payment of any tax bill or insurance premium notice shall be
        paid from the servicing entity's funds and not charged to
        the mortgagor, unless the late payment was due to the
        mortgagor's error or omission.

5.	Amounts remitted to investors per the servicer's investor
        reports shall agree with cancelled checks, or other form
        of payment, or custodial bank statements.

6.	Unused checks shall be safeguarded so as to prevent
        unauthorized access.

IV.	INVESTOR ACCOUNTING AND REPORTING

1.	The servicing entity's investor reports shall agree with,
        or reconcile to, investors' records on a monthly basis as
        to the total unpaid principal balance and number of loans
        serviced by the servicing entity.

V.	MORTGAGOR LOAN ACCOUNTING

1.	The servicing entity's mortgage loan records shall agree
        with, or reconcile to, the records of mortgagors with
        respect to the unpaid principal balance on a monthly basis.

2.	Adjustments on ARM loans shall be computed based on the
        related mortgage note and any ARM rider.

3.	Escrow accounts shall be analyzed, in accordance with
        the mortgagor's loan documents, on at least an
        annual basis.

4.	Interest on escrow accounts shall be paid, or credited,
        to mortgagors in accordance with the applicable state laws.

VI.	DELINQUENCIES

1.	Records documenting collection efforts shall be maintained
        during the period a loan is in default and shall be
        updated at least monthly. Such records shall describe the
        entity's activities in monitoring delinquent loans including,
        for example, phone calls, letters, and mortgage payment
        rescheduling plans in cases where the delinquency is deemed
        temporary (e.g., illness or unemployment).

VII.	INSURANCE POLICIES

1.	A fidelity bond and errors and omissions policy shall be
        in effect on the servicing entity throughout the reporting
        period in the amount of coverage represented to investors
        in management's assertion.