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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)
January 26, 1999
Structured Asset Securities Corporation
(Exact Name of Registrant as Specified in its Charter)
Delaware 333-68513 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/1
Attached as Exhibit 23 to this Current Report is the consent of
PricewaterhouseCoopers LLP to the use of such firm's name under the caption
"Experts," and the incorporation by reference of such firm's report dated
February 2, 1998 on its audits of the consolidated financial statements of MBIA
Insurance Corporation and Subsidiaries, in the Prospectus (as defined herein)
relating to Structured Asset Securities Corporation Mortgage Pass-Through
Certificates, Series 1999-BC1, Class A1, Class A2, Class AIO, Class B and Class
R Certificates (the "Certificates"). The Certificates are offered pursuant to a
prospectus supplement, dated January 26, 1999 (the "Prospectus Supplement"),
and a prospectus, dated January 15, 1999 (together with the Prospectus
Supplement, the "Prospectus"), which were filed with the Commission pursuant to
Rule 424(b) under the Securities Act of 1933, as amended (the "Act"). The
Certificates are registered pursuant to the Act under a Registration Statement
on Form S-3 (No. 333-68513) (the "Registration Statement").
Item 7. Financial Statements; Pro Forma Financial Information and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
23. Consent of Experts and Counsel
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1 Capitalized terms used but not otherwise defined herein shall have the
same meaning ascribed to them in the Prospectus.
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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 P. Labanowski
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Name: Stanley P. Labanowski
Title: Vice President
Dated: January 28, 1999
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EXHIBIT INDEX
Exhibit No. Description Page No.
23 Consent of Experts and Counsel 6
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Exhibit 23 Consent of Experts and Counsel
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PricewaterhouseCoopers LLP
1301 Avenue of the Americas
New York, NY 10019-6013
Telephone (212) 259-1000
Facsimile (212) 259-1301
CONSENT OF INDEPENDENT ACCOUNTANTS
We consent to the incorporation by reference in the Prospectus Supplement of
Structured Asset Securities Corporation relating to Mortgage Pass-Through
Certificates, Series 1999-BC1, of our report dated February 2, 1998, on our
audits of the consolidated financial statements of MBIA Insurance Corporation
and Subsidiaries as of December 31, 1997 and 1996 and for each of the three
years in the period ended December 31, 1997. We also consent to the reference
to our firm under the caption "Experts."
/s/ PricewaterhouseCoopers LLP
PricewaterhouseCoopers LLP
January 26, 1999
