SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported)
July 26, 2000
STRUCTURED ASSET SECURITIES CORPORATION (as Depositor under the Trust
Agreement, dated as of July 1, 2000, providing for the issuance of
Structured Asset Securities Corporation Mortgage Pass-Through
Certificates, Series 2000-3)
Structured Asset Securities Corporation
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(Exact Name of Registrant as Specified in its Charter)
Delaware 333-35026-02 74-2440850
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(State or Other Jurisdiction (Commission (I.R.S. Employer
Of Incorporation) File Number) Identification No.)
200 Vesey Street
New York, New York 10285
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(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code: (212) 526-5594
No Change
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events
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The Registrant registered issuances of Structured Asset Securities
Corporation Mortgage Pass-Through Certificates on a delayed or continuous
basis pursuant to Rule 415 under the Securities Act of 1933, as amended (the
"Act"), by a Registration Statement on Form S-3 (Registration File No.
333-35026) (the "Registration Statement"). Pursuant to the Registration
Statement, the Registrant issued $635,321,908 in aggregate principal amount of
Class 1-A1, Class 1-A2, Class 1-A3, Class 1-A4, Class 1-A5, Class 1-A6, Class
1-A7, Class 1-A8, Class 1-AP, Class 2-A1, Class 2-A2, Class 2-A3, Class 2-A4,
Class 2-A5, Class 2-A6, Class 2-A7, Class 2-AP, Class 3-A1, Class 3-AP, Class
3AX, Class B1, Class B2, Class BX, Class B3 and Class R Certificates of its
Structured Asset Securities Corporation Mortgage Pass-Through Certificates,
Series 2000-3 on July 28, 2000. This Current Report on Form 8-K is being filed
to satisfy an undertaking, contained in the definitive Prospectus dated May
23, 2000, as supplemented by the Prospectus Supplement dated July 26, 2000
(the "Prospectus Supplement"), to file a copy of the Trust Agreement (as
defined below) executed in connection with the issuance of the Certificates, a
form of which was filed as an exhibit to the Registration Statement.
The Certificates were issued pursuant to a Trust Agreement (the
"Trust Agreement"), attached hereto as Exhibit 4.1, dated as of July 1, 2000,
among Structured Asset Securities Corporation, as depositor (the "Depositor"),
Aurora Loan Services Inc., as master servicer, Bank One, National Association,
as trustee (the "Trustee") and Wells Fargo Bank Minnesota, N.A, as Securities
Administrator . The "Certificates" consist of the following classes: Class
1-A1, Class 1-A2, Class 1-A3, Class 1-A4, Class 1-A5, Class 1-A6, Class 1-A7,
Class 1-A8, Class 1-AP, Class 2-A1, Class 2-A2, Class 2-A3, Class 2-A4, Class
2-A5, Class 2-A6, Class 2-A7, Class 2-AP, Class 3-A, Class 3-AP, Class AX,
Class B1, Class B2, Class BX, Class B3, Class B4, Class B5, Class B6 and Class
R. The Certificates evidence all the beneficial ownership interest in a trust
fund (the "Trust Fund") that consists primarily of four pools of certain fixed
rate, conventional, first lien residential mortgage loans (the "Mortgage
Loans") with an aggregate outstanding principal balance of $647,202,199 as of
July 1, 2000. Capitalized terms used herein and not otherwise defined shall
have the meanings assigned to them in the Trust Agreement.
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Item 7. Financial Statements; Pro Forma Financial Information
and Exhibits
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
1.1 Terms Agreement, dated July 26, 2000, between Structured Asset
Securities Corporation, as Depositor, and Lehman Brothers Inc., as
the Underwriter.
4.1 Trust Agreement, dated as of July 1, 2000, between Structured Asset
Securities Corporation, as Depositor, Aurora Loan Services Inc., as
Master Servicer, Bank One, National Association, as Trustee and
Wells Fargo Bank Minnesota, N.A. as Securities Administrator.
99.1 Mortgage Loan Sale and Assignment Agreement, dated as of July 1,
2000, between Lehman Capital, A Division of Lehman Brothers
Holdings Inc., as Seller, and Structured Asset Securities
Corporation, as Purchaser.
99.2 Servicing Agreement, dated as of July 1, 2000, between Lehman
Capital, A Division of Lehman Brothers Holdings Inc., as Seller,
and Aurora Loan Services Inc., as Master Servicer.
99.3 Reconstituted Servicing Agreement, dated as of July 1, 2000,
between Lehman Capital, A Division of Lehman Brothers Holdings
Inc., as Seller, and Greenpoint Mortgage Funding Inc., as Servicer.
99.4 Reconstituted Servicing Agreement, dated as of July 1, 2000,
between Lehman Capital, A Division of Lehman Brothers Holdings
Inc., as Seller, and Irwin Mortgage Corporation, as Servicer.
99.5 Reconstituted Servicing Agreement, dated as of July 1, 2000,
between Lehman Capital, A Division of Lehman Brothers Holdings
Inc., as Seller, and Wells Fargo Home Mortgage Inc., as Servicer.
99.6 Reconstituted Servicing Agreement, dated as of July 1, 2000,
between Lehman Capital, A Division of Lehman Brothers Holdings
Inc., as Seller, and Bank of America, N.A., as Servicer.
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99.7 Reconstituted Servicing Agreement, dated as of July 1, 2000,
between Lehman Capital, A Division of Lehman Brothers Holdings
Inc., as Seller, and Countrywide Home Loans Inc., as Servicer.
99.8 Reconstituted Servicing Agreement, dated as of July 1, 2000,
between Lehman Capital, A Division of Lehman Brothers Holdings
Inc., as Seller, and SunTrust Mortgage Inc., as Servicer.
99.9 Reconstituted Servicing Agreement (FX-7(A)), dated as of July 1,
2000, between Lehman Capital, A Division of Lehman Brothers
Holdings Inc., as Seller, and Chase Manhattan Mortgage Corporation,
as Servicer.
99.10 Reconstituted Servicing Agreement (FX-7(B)), dated as of July 1,
2000, between Lehman Capital, A Division of Lehman Brothers
Holdings Inc., as Seller, and Chase Manhattan Mortgage Corporation,
as Servicer.
99.11 Insurance Agreement, dated as of July 1, 2000, between MBIA
Insurance Corporation, as Insurer, Lehman Capital, A Division of
Lehman Brothers Holdings Inc., as Seller, Structured Asset
Securities Corporation, as Depositor, and Bank One, National
Association, as Trustee.
99.12 Certificate Guarantee Insurance Policy, dated July 28, 2000,
issued by MBIA Insurance Corporation, as Insurer, in
connection with the Class 2-A5 Certificates.
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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/ Ellen V. Kiernan
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Name: Ellen V. Kiernan
Title: Vice President
Dated: July 28, 2000
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EXHIBIT INDEX
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Exhibit No. Description Page No.
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1.1 Terms Agreement, dated July 26, 2000, between Structured Asset
Securities Corporation, as Depositor, and Lehman Brothers Inc., as
the Underwriter.
4.1 Trust Agreement, dated as of July 1, 2000, between Structured Asset
Securities Corporation, as Depositor, Aurora Loan Services Inc., as
Master Servicer, Bank One, National Association, as Trustee and Wells
Fargo Bank Minnesota, N.A. as Securities Administrator.
99.1 Mortgage Loan Sale and Assignment Agreement, dated as of July 1,
2000, between Lehman Capital, A Division of Lehman Brothers Holdings
Inc., as Seller, and Structured Asset Securities Corporation, as
Purchaser.
99.2 Servicing Agreement, dated as of July 1, 2000, between Lehman
Capital, A Division of Lehman Brothers Holdings Inc., as Seller, and
Aurora Loan Services Inc., as Master Servicer.
99.3 Reconstituted Servicing Agreement, dated as of July 1, 2000, between
Lehman Capital, A Division of Lehman Brothers Holdings Inc., as
Seller, and Greenpoint Mortgage Funding Inc., as Servicer.
99.4 Reconstituted Servicing Agreement, dated as of July 1, 2000, between
Lehman Capital, A Division of Lehman Brothers Holdings Inc., as
Seller, and Irwin Mortgage Corporation, as Servicer.
99.5 Reconstituted Servicing Agreement, dated as of July 1, 2000, between
Lehman Capital, A Division of Lehman Brothers Holdings Inc., as
Seller, and Wells Fargo Home Mortgage Inc., as Servicer.
99.6 Reconstituted Servicing Agreement, dated as of July 1, 2000,
between Lehman Capital, A Division of Lehman Brothers Holdings
Inc., as Seller, and Bank of America, N.A., as Servicer.
<PAGE>
99.7 Reconstituted Servicing Agreement, dated as of July 1, 2000, between
Lehman Capital, A Division of Lehman Brothers Holdings Inc., as
Seller, and Countrywide Home Loans Inc., as Servicer.
99.8 Reconstituted Servicing Agreement, dated as of July 1, 2000, between
Lehman Capital, A Division of Lehman Brothers Holdings Inc., as
Seller, and SunTrust Mortgage Inc., as Servicer.
99.11 Reconstituted Servicing Agreement (FX-7(A)), dated as of July 1, 2000,
between Lehman Capital, A Division of Lehman Brothers Holdings Inc., as
Seller, and Chase Manhattan Mortgage Corporation, as Servicer.
99.12 Reconstituted Servicing Agreement (FX-7(B)), dated as of July 1, 2000,
between Lehman Capital, A Division of Lehman Brothers Holdings Inc., as
Seller, and Chase Manhattan Mortgage Corporation, as Servicer.
99.11 Insurance Agreement, dated as of July 1, 2000, between MBIA Insurance
Corporation, as Insurer, Lehman Capital, A Division of Lehman
Brothers Holdings Inc., as Seller, Structured Asset Securities
Corporation, as Depositor, and Bank One, National Association, as
Trustee.
99.12 Certificate Guarantee Insurance Policy, dated July 28, 2000, issued by
MBIA Insurance Corporation, as Insurer, in connection with the Class
2-A5 Certificates.
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