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): 2/25/00
STRUCTURED ASSET SECURITIES CORPORATION (as Depositor under the
Trust Agreement, dated as of January 1, 2000, providing for the issuance of
Structured Asset Securities Corporation
Mortgage Pass-Through Certificates, Series 2000-1)
Structured Asset Securities Corporation
(Exact name of registrant as specified in its charter)
Delaware 333-68513-09 74-2440850
(State or Other (Commission (I.R.S. Employer
Jurisdiction File Number) Identification No.)
of Incorporation)
200 Vesey Street
New York, New York 10285
(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code (212) 526-5594
Item 5. Other Events.
On Behalf of Structured Assets Securities Corporation,
Series 2000-1, Mortgage Pass-Through Certificates, a Trust created
pursuant to the Pooling and Servicing Agreement, dated January 1, 2000
by U.S. Bank National Association, as trustee for the Trust, the Trustee
has caused to be filed with the Commission, the Monthly Report dated
February 25, 2000. The Monthly Report is filed pursuant to and in accordance
with (1) numerous no-action letters (2) current Commission policy in the
area. The filing of the Monthly distribution to the holders of the
Certificates, Due
A. Monthly Report Information:
See Exhibit No. 1
B. Have any deficiencies occurred? NO.
Date:
Amount:
C. Item 1: Legal Proceedings: NONE
D. Item 2: Changes in Securities: NONE
E. Item 4: Submission of Matters to a Vote of Certifi-
catholders: NONE
F. Item 5: Other Information - Form 10-Q, Part II -
Items 1,2,4,5 if applicable: NOT APPLICABLE
Item 7. Monthly Statementsand Exhibits
Information and Exhibits.
Exhibit No. 1
Structured Asset Securities Corporation
Mortgage Pass-Through Certificates, Series 2000-1
STATEMENT TO CERTIFICATEHOLDERS
DISTRIBUTION SUMMARY
Distribution
Date 2/25/00
Class Realized Loss
Beginning Accrued of Principal
Class Balance Principal Interest Allocated
1-A1 50,6 7 -
1-A2 75,6 1,33 -
1-A3* 75,6 N/A N/A
1-A4 5, -
1-A5* 8, N/A N/A
1-A6* 3, N/A N/A
1-A7 30,0 -
1-AP** 7, N/A -
2-A1 90,4 9 -
2-A2 81,0 5 -
2-A3 40,0 -
2-A4** 1, N/A -
2-A5** 4, N/A -
2-AP** N/A -
3-A 40,2 1 -
3-AP** 1, N/A -
AX* 3, N/A N/A
B1 12,6 -
B1X* N/A N/A
B2 5, -
B2X* N/A N/A
B3 3, -
B4 1, -
B5 -
B6 1, -
R -
TOTAL: 453,68 3,79 $0.00
Net Prepmt Current Outstanding
Interest Interest Interest Remaining
Class Shortfall Amt Shortfall (2Shortfall Balance
1-A1 49,934,600.00
1-A2 74,265,280.06
1-A3* 74,265,280.06
1-A4 5,524,000.00
1-A5* 8,381,382.22
1-A6* 3,833,333.33
1-A7 30,000,000.00
1-AP** N/A N/A N/A 7,317,381.61
2-A1 89,442,750.00
2-A2 80,477,342.20
2-A3 40,000,000.00
2-A4** N/A N/A N/A 1,500,000.00
2-A5** N/A N/A N/A 4,421,073.92
2-AP** N/A N/A N/A 248,362.32
3-A 40,045,037.81
3-AP** N/A N/A N/A 1,162,337.35
AX* 3,223,880.04
B1 12,614,514.24
B1X* 118,918.52
B2 5,588,911.19
B2X* 52,735.30
B3 3,033,238.18
B4 1,916,255.21
B5 799,272.25
B6 1,599,242.98
R -
TOTAL: $0.00 $0.00 $0.00 $449,889,599.32
AMOUNTS PER $1,000 UNIT
Beginning Principal Interest
Class Balance Distribution Distribution
1-A1 1000.000000 14.124383 6.333333
1-A2 1000.000000 17.655026 5.458333
1-A3 1000.000000 N/A 2.041667
1-A4 1000.000000 0.000000 6.666667
1-A5 1000.000000 N/A 7.500000
1-A6 1000.000000 N/A 7.500000
1-A7 1000.000000 0.000000 6.541667
1-AP 1000.000000 2.978834 N/A
2-A1 1000.000000 10.676599 6.250000
2-A2 1000.000000 6.452565 6.250000
2-A3 1000.000000 0.000000 6.458333
2-A4 1000.000000 0.000000 N/A
2-A5 1000.000000 10.411895 N/A
2-AP 1000.000000 1.506330 N/A
3-A 1000.000000 4.123767 6.041667
3-AP 1000.000000 3.261741 N/A
AX 1000.000000 N/A 6.666668
B1 1000.000000 0.909691 6.875000
B1X 1000.000000 N/A 6.875013
B2 1000.000000 0.909691 6.875000
B2X 1000.000000 N/A 6.875080
B3 1000.000000 0.909690 6.939503
B4 1000.000000 0.909692 6.939505
B5 1000.000000 0.909688 6.939500
B6 1000.000000 0.909690 6.939505
R 1000.000000 1000.000000 420.294471
AMOUNTS PER $1,000 UNIT
Realized Loss Current Period
of Principal Remaining Pass-Through
Class Allocated Balance Rate
1-A1 0.00000 985.87562 7.600%
1-A2 0.00000 982.34497 6.550%
1-A3 N/A 982.34497 2.450%
1-A4 0.00000 1000.00000 8.000%
1-A5 N/A 986.89641 9.000%
1-A6 N/A 1000.00000 9.000%
1-A7 0.00000 1000.00000 7.850%
1-AP 0.00000 997.02117 0.000%
2-A1 0.00000 989.32340 7.500%
2-A2 0.00000 993.54743 7.500%
2-A3 0.00000 1000.00000 7.750%
2-A4 0.00000 1000.00000 0.000%
2-A5 0.00000 989.58810 0.000%
2-AP 0.00000 998.49367 0.000%
3-A 0.00000 995.87623 7.250%
3-AP 0.00000 996.73826 7.000%
AX N/A 996.62823 8.000%
B1 0.00000 999.09031 8.250%
B1X N/A 1003.85100 8.250%
B2 0.00000 999.09031 8.250%
B2X N/A 1004.76496 8.250%
B3 0.00000 999.09031 8.327%
B4 0.00000 999.09031 8.327%
B5 0.00000 999.09031 8.327%
B6 0.00000 999.09031 8.327%
R 0.00000 0.00000 9.000%
Reports to Certificateholders
Trust Agreement Dated January 1, 2000
(Pursuant to Section 4.03)
Group 1 Group 2 Group 3 Total
i) Beginning Aggregate Scheduled Principal Balance
183,820,101.98224,894,118.44,975,148.69 453,689,369.12
Scheduled Principal
103,384.56 61,576.72 126,458.28 291,419.56
Curtailment and Paid in Full
28,598.39 12,702.55 53,291.51 94,592.45
Paid in Full
1,948,317.74 69,957.59 0.00 2,018,275.33
Liquidation Proceeds
0.00 0.00 0.00 0.00
Insurance Proceeds
0.00 0.00 0.00 0.00
Realized Loss
0.00 0.00 0.00 0.00
Ending Aggregate Scheduled Principal Balance
181,739,801.29224,749,881.44,795,398.90 451,285,081.78
Non-AP Balance
176,480,901.5990,617,652.343,809,006.73 310,907,560.65
ii) Aggregate Advances
Group 1 Group 2 Group 3 Total
Principal Advances
237,859.38
Interest Advances
1, 4 1,831,977.12
iii) Realized Losses Realized Losses
Realized Losses Current Since Cutoff
Current Group 1 0.00 0.00
Since Cutoff Group 2 0.00 0.00
Group 3 0.00 0.00
Total 0.00 0.00
Group 1 Group 2 Group 3 Total
iv) Servicing Fee
50,113.24 18,930.55 9,369.85 78,413.64
Master Servicing Fee
3,063.85 1,514.41 749.62 5,327.88
Trustee Fee
995.69 492.19 243.62 1,731.50
v) Mortgage Loans Outstanding and Delinquency Information
Outstanding Loans 31-60 Days Delinquent
Count Balance Count Balance
Group 1 1,156 $181,739,801.29 31 $5,786,073.91
Group 2 238 $90,722,153.01 5 $2,242,341.43
Group 3 221 $44,795,398.90 4 $1,588,564.05
Total 1,615 $317,257,353.20 40 $9,616,979.39
61-90 Days Delinquent 91 Days or More Delinquent
Count Balance Count Balance
8 $1,287,439.06 0 $0.00
2 $1,237,033.20 0 $0.00
0 $0.00 0 $0.00
10 $2,524,472.26 0 $0.00
vi) Delinquency Information for Mortgage Loans in Foreclosure Proceedings
31-60 Days Delinquent 61-90 Days Delinquent
Count Balance Count Balance
Group 1 0 $0.00 0 $0.00
Group 2 0 $0.00 0 $0.00
Group 3 0 $0.00 0 $0.00
Total 0 $0.00 0 $0.00
91 Days or More Delinquent
Count Balance
0 $0.00
0 $0.00
0 $0.00
0 $0.00
vii) Mortgage Loans becoming REO Property during the preceding calendar month
Group Loan Number Principal Balance
Deemed Principal Balance
viii) Deleted and Qualifying Sustitute Mortgage Loans
Group Loan Number Principal Balance
Senior Certificates Subordinate
Group 1 Group 2 Group 3 Certificates
ix) Accrued and Unpaid 0.00 0.00 0.00 0.00
Accrued and Unpai 0.00 0.00 0.00 0.00
Total
0.00
0.00
x) Purchased Mortgage Loans
Group Loan Number Principal Balance
xi) Class 2-A3 Guaranteed Distribu 0.00
xii) Class 2-A3 Certificate Insura 1,000.00
xii) Withdrawals from the Class 2- 0.00
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 hereunto duly authorized.
STRUCTURED ASSET SECURITIES
CORPORATION
By: /s/ Eve Kaplan
Name: Eve Kaplan
Title: Vice President
Dated: 2/29/2000
