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)
October 27, 2000
STRUCTURED ASSET SECURITIES CORPORATION (as Depositor under the Trust
Agreement, dated as of October 1, 2000, providing for the issuance of
Structured Asset Securities Corporation Mortgage Pass-Through
Certificates, Series 2000-4)
Structured Asset Securities Corporation
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(Exact Name of Registrant as Specified in its Charter)
Delaware 333-35026-04 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 Executive (Zip Code)
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 $690,484,171 in aggregate principal amount
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-A9, Class 1-A10, Class 1-A11, Class 1-AP, Class
2-A1, Class 2-A2, Class 2-A3, Class 2-A4, Class 2-A5, Class 2-A6, Class 2-AP,
Class 3-A1, Class 3-AP, Class 3-AX, Class AX, Class B1, Class B2, Class BX,
Class B3 and Class R Certificates of its Structured Asset Securities
Corporation Mortgage Pass-Through Certificates, Series 2000-4 on October 27,
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 October 23, 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 October 1,
2000, among Structured Asset Securities Corporation, as depositor (the
"Depositor"), Aurora Loan Services Inc., as master servicer and Wells Fargo
Bank Minnesota, N.A, as trustee (the "Trustee"). 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-A9, Class 1-A10, Class
1-A11, Class 1-AP, Class 2-A1, Class 2-A2, Class 2-A3, Class 2-A4, Class 2-A5,
Class 2-A6, Class 2-AP, Class 3-A1, Class 3-AP, Class 3-AX, 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 three pools of certain
fixed rate, conventional, first lien residential mortgage loans (the "Mortgage
Loans") with an aggregate outstanding principal balance of $690,484,171 as of
October 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 October 23, 2000, between Structured
Asset Securities Corporation, as Depositor, and Lehman
Brothers Inc., as the Underwriter.
4.1 Trust Agreement, dated as of October 1, 2000, among
Structured Asset Securities Corporation, as Depositor, Aurora
Loan Services Inc., as Master Servicer and Wells Fargo Bank
Minnesota, N.A., as Trustee.
99.1 Mortgage Loan Sale and Assignment Agreement, dated as of
October 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 October 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 October 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 October 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 October 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 October 1,
2000, between Lehman Capital, A Division of Lehman Brothers
Holdings Inc., as Seller, and Bank of America, N.A., as
Servicer.
99.7 Reconstituted Servicing Agreement, dated as of October 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 October 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-9(A)), dated as of
October 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-9(B)), dated as of
October 1, 2000, between Lehman Capital, A Division of
Lehman Brothers Holdings Inc., as Seller, and Chase
Manhattan Mortgage Corporation, as Servicer.
99.11 Reconstituted Servicing Agreement (FX-10(A)), dated as of
October 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-10(B)), dated as of
October 1, 2000, between Lehman Capital, A Division of
Lehman Brothers Holdings Inc., as Seller, and Chase
Manhattan Mortgage Corporation, as Servicer.
99.13 Reconstituted Servicing Agreement, dated as of October 1,
2000, between Lehman Capital, A Division of Lehman Brothers
Holdings Inc., as Seller, and First Nationwide Mortgage
Corporation, as Servicer.
99.14 Reconstituted Servicing Agreement, dated as of October 1,
2000, between Lehman Capital, A Division of Lehman Brothers
Holdings Inc., as Seller, and North American Mortgage
Company, as Servicer.
99.15 Insurance Agreement, dated as of October 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.
99.16 Certificate Guarantee Insurance Policy, dated October 1,
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: November 9, 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 October 23, 2000, between Structured Asset
Securities Corporation, as Depositor, and Lehman Brothers Inc., as
the Underwriter.
4.1 Trust Agreement, dated as of October 1, 2000, among Structured
Asset Securities Corporation, as Depositor, Aurora Loan Services
Inc., as Master Servicer and Wells Fargo Bank Minnesota, N.A., as
Trustee.
99.1 Mortgage Loan Sale and Assignment Agreement, dated as of October 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 October 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 October 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 October 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 October 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 October 1, 2000,
between Lehman Capital, A Division of Lehman Brothers Holdings
Inc., as Seller, and Bank of America, N.A., as Servicer.
99.7 Reconstituted Servicing Agreement, dated as of October 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 October 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-9(A)), dated as of October 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-9(B)), dated as of October 1, 2000,
between Lehman Capital, A Division of Lehman Brothers Holdings Inc., as
Seller, and Chase Manhattan Mortgage Corporation, as Servicer.
99.11 Reconstituted Servicing Agreement (FX-10(A)), dated as of October 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-10(B)), dated as of October 1, 2000,
between Lehman Capital, A Division of Lehman Brothers Holdings Inc., as
Seller, and Chase Manhattan Mortgage Corporation, as Servicer.
99.13 Reconstituted Servicing Agreement, dated as of October 1, 2000, between
Lehman Capital, A Division of Lehman Brothers Holdings Inc., as Seller,
and First Nationwide Mortgage Corporation, as Servicer.
99.14 Reconstituted Servicing Agreement, dated as of October 1, 2000, between
Lehman Capital, A Division of Lehman Brothers Holdings Inc., as Seller,
and North American Mortgage Company, as Servicer.
99.15 Insurance Agreement, dated as of October 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.
99.16 Certificate Guarantee Insurance Policy, dated October 1, 2000, issued
by MBIA Insurance Corporation, as Insurer, in connection with the
Class 2-A5 Certificates.
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