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): June 21, 1999
STRUCTURED ASSET SECURITIES CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 333-68513 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 (Zip Code)
Executive Offices)
Registrant's telephone number, including area code (212)526-5594
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Item 5. Other Events.
Filing of Certain Materials
Pursuant to Rule 424(b)(5) under the Securities Act of 1933,
concurrently with, or subsequent to, the filing of this Current Report on Form
8-K (the "Form 8-K"), Structured Asset Securities Corporation (the "Company")
is filing a prospectus and a prospectus supplement with the Securities and
Exchange Commission (the "Commission") relating to its Ocwen Home Equity Loan
Trust 1999-OFS1, Home Equity Loan Asset-Backed Certificates, Series 1999-OFS1
(the "Certificates").
Incorporation of Certain Documents by Reference
The consolidated financial statements of MBIA Insurance Corporation
and its subsidiaries as of December 31, 1998 and December 31, 1997, and for
each of the years in the three-year period ended December 31, 1998, included
in the Annual Report on Form 10-K of MBIA, Inc. (which was filed with the
Securities and Exchange Commission on March 30, 1999; Commission file number
1-9583) and the consolidated financial statements of MBIA Insurance
Corporation and subsidiaries as of March 31, 1999, and for the periods ended
March 31, 1999 and March 31, 1998, included in the Quarterly Report on Form
10-Q of MBIA, Inc. for the period ended March 31, 1999 (which was filed with
the Securities and Exchange Commission on May 14, 1999) are hereby
incorporated by reference in (i) this Current Report on Form 8-K; (ii) the
prospectus; and (iii) the prospectus supplement for Ocwen Home Equity Loan
Trust 1999-OFS1, Home Equity Loan Asset-Backed Certificates, Series 1999-OFS1,
and shall be deemed to be part hereof and thereof.
In connection with the issuance of the Certificates, the Company is
filing herewith the consent of PricewaterhouseCoopers LLP
("PricewaterhouseCoopers") to the use of their name and the incorporation by
reference of their report in the prospectus supplement relating to the
issuance of the Certificates. The consent of PricewaterhouseCoopers is
attached hereto as Exhibit 23.1
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* Capitalized terms used and not otherwise defined herein shall have the
meanings assigned to them in the prospectus dated January 15, 1999 and the
prospectus supplement dated June 21, 1999, of Structured Asset Securities
Corporation, relating to its Ocwen Home Equity Loan Trust 1999-OFS1, Home
Equity Loan Asset-Backed Certificates, Series 1999-OFS1.
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Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
23.1 Consent of PricewaterhouseCoopers
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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/Stanley Labanowski
Name: Stanley Labanowski
Title: Vice President
Dated: June 22, 1999
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Exhibit Index
Exhibit Page
23.1 Consent of PricewaterhouseCoopers 6
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EXHIBIT 23.1
CONSENT OF INDEPENDENT ACCOUNTANTS
We consent to the incorporation by reference in the Prospectus
Supplement of Structured Asset Securities Corporation relating to
Ocwen Home Equity Loan Trust 1999-OFS1, of our report dated February
2, 1999, on our audits of the consolidated financial statements of
MBIA Insurance Corporation and Subsidiaries as of December 31, 1998
and 1997 and for each of the three years in the period ended December
31, 1998. We also consent to the reference to our Firm under the
caption "Experts".
/s/ PRICEWATERHOUSECOOPERS LLP
New York, New York
June 18, 1999
