SAS CO OCWEN HOME EQ TR 1999 OFS1 ASS BKD CERT SER 1999 OFS
15-15D, 2000-01-24
ASSET-BACKED SECURITIES
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                                  UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                     FORM 15


CERTIFICATION  AND NOTICE OF TERMINATION OF REGISTRATION  UNDER SECTION 12(g) OF
THE SECURITIES  EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE REPORTS UNDER
SECTIONS 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.


                         Commission File Number  333-68513-07

                    STRUCTURED ASSET SECURITIES CORPORATION
             (Exact name of registrant as specified in its charter)

                200 Vesey Street,  New York, NY 10285   (212) 526-5594
   (Address, including zip code, and telephone number, including area code, of
                   registrant's principal executive offices)

                    Ocwen Home Equity Loan Trust 1999-OFS1,
                  Home Equity Loan Asset-Backed Certificates,
                                Series 1999-OFS1
            (Title of each class of securities covered by this Form)


                                      None
       (Titles of all other classes of securities for which a duty to file
                  reports under section 13(a) or 15(d) remains)


    Please  place  an X in  the  box(es)  to  designate,  the  appropriate  rule
provision(s) relied upon to terminate or suspend the duty to file reports:

  Rule 12g-4(a)(1)(i)                                 Rule 12h-3(b)(1)(i)     X
  Rule 12g-4(a)(1)(ii)                                Rule 12h-3(b)(1)(ii)
  Rule 12g-4(a)(2)(i)                                 Rule 12h-3(b)(2)(i)
  Rule 12g-4(a)(2)(ii)                                Rule 12h-3(b)(2)(ii)
                                                      Rule 15d-6              X

    Approximate  number of holders of record as of the  certification  or notice
date:  2

     Pursuant to the requirements of the Securities Exchange Act of 1934, Issuer
of the Ocwen Home Equity  Loan Trust  1999-OFS1,  Home Equity Loan  Asset-Backed
Certificates, Series 1999-OFS1 has caused this certification/notice to be signed
on its behalf by the undersigned duly authorized person.


Date: January 24, 2000          By:   /s/Cynthia Kerpen
                                     Cynthia Kerpen
                                     Vice President




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