STRUCTURED ASSET SECURITIES CORP
8-K, 1998-11-19
ASSET-BACKED SECURITIES
Previous: PUTNAM TAX EXEMPT MONEY MARKET FUND, N-30D, 1998-11-19
Next: STRUCTURED ASSET SECURITIES CORP, 424B5, 1998-11-19



                       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)
                                November 16, 1998

                     Structured Asset Securities Corporation
             (Exact Name of Registrant as Specified in its Charter)

            Delaware                     333-47499              74-2440850
 State or Other Jurisdiction           (Commission           (I.R.S. Employer
     Of Incorporation)                  File Number)        Identification No.)

           200 Vesey Street
          New York, New York                                       10285
   (Address of Principal Executive                               (Zip Code)

               Offices)

         Registrant's telephone number, including area code:  (212) 526-5594

                                    No Change

          (Former Name or Former Address, if Changed Since Last Report)


         Item 5.  Other Events.1

         Filed  concurrently  herewith under Form SE are certain  materials (the
"Computational  Materials")  furnished to the Registrant by Lehman Brothers Inc.
(the  "Underwriter")  in  respect of  Structured  Asset  Securities  Corporation
Mortgage Pass-Through Certificates, Series 1998-10, Class A, Class AP, Class AX,
Class B1, Class B2, Class B3 and Class R Certificates (the "Certificates").  The
Certificates  are being  offered  pursuant  to a  Prospectus  Supplement,  dated
November  16,  1998,  and a  Prospectus,  dated  March 18, 1998  (together,  the
"Prospectus"), which are being filed with the Commission pursuant to Rule 424(b)
under the Securities Act of 1933, as amended (the "Act").  The Certificates have
been registered  pursuant to the Act under a Registration  Statement on Form S-3
(No. 333-47499) (the "Registration Statement").  The Computational Materials are
incorporated by reference in the Registration Statement.

         The  Computational  Materials were prepared solely by the  Underwriter,
and the  Registrant  did not prepare or  participate  (other than  providing the
background  information  concerning the underlying pool of assets upon which the
Computational  Materials are based to the Underwriter) in the preparation of the
Computational Materials.

         Any statements or information contained in the Computational  Materials
shall be deemed to be modified or superseded  for purposes of the Prospectus and
the  Registration  Statement  by  statements  or  information  contained  in the
Prospectus.

- ---------------
1  Capitalized  terms used but not otherwise  defined herein shall have the same
   meanings ascribed to them in the Prospectus.


         Item 7.  Financial  Statements;  Pro Forma  Financial  Information  and
Exhibits.

         (a)      Not applicable.

         (b)      Not applicable.

         (c)      Exhibits:

                           99.1             Computational Materials. (P)





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/ Joseph J. Kelly
                                            -----------------------
                                            Name:  Joseph J. Kelly
                                            Title:   Vice President

Dated: November 16, 1998


                                  EXHIBIT INDEX

Exhibit No.                       Description                          Page No.

99.1                              Computational Materials                 P


                    EXHIBIT 99.1 COMPUTATIONAL MATERIALS (P)

                      [To be filed on Form SE pursuant to a
                         continuing hardship exemption]


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission