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 30, 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 2000-5)
Structured Asset Securities Corporation
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(Exact Name of Registrant as Specified in its Charter)
Delaware 333-35026 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
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 $278,609,960 in aggregate principal amount of
Class 1-A1, Class 1-AX, Class 2-A1, Class 2-A3, Class 2-AX, Class 2-AP, Class
3-A1, Class 3-AX, Class 3-AP, Class B1, Class B2, Class B3 and Class R
Certificates of its Structured Asset Securities Corporation Mortgage
Pass-Through Certificates, Series 2000-5 on October 25, 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 30, 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 The Chase Manhattan Bank,
as trustee (the "Trustee"). The "Certificates" consist of the following
classes: Class 1-A1, Class 1-AX, Class 2-A1, Class 2-A3, Class 2-AX, Class
2-AP, Class 3-A1, Class 3-AX, Class 3-AP, Class B1, Class B2, Class B3 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 adjustable rate, conventional, first lien residential mortgage loans
(the "Mortgage Loans") with an aggregate outstanding principal balance of
$284,658,936 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 25, 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, between Structured
Asset Securities Corporation, as Depositor, Aurora Loan Services
Inc., as Master Servicer, and The Chase Manhattan Bank, 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, among Lehman
Capital, A Division of Lehman Brothers Holdings Inc., as Seller, and
Aurora Loan Services Inc., as Servicer and Master Servicer.
99.3 Reconstituted Servicing Agreement dated as of October 1, 2000
between Lehman Capital, A Division of Lehman Brothers Holdings Inc.
and Chase Manhattan Mortgage Corporation
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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 13, 2000
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EXHIBIT INDEX
Exhibit No. Description Page No.
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1.1 Terms Agreement, dated October 25,2000, between
Structured Asset Securities Corporation, as
Depositor, and Lehman Brothers Inc., as the
Underwriter.
4.1 Trust Agreement, dated as of October 1, 2000,
between Structured Asset Securities Corporation,
as Depositor, Aurora Loan Services Inc., as
Master Servicer, and The Chase Manhattan Bank, 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 Servicer.
99.3 Reconstituted Servicing Agreement dated as of
October 1, 2000 between Lehman Capital, A
Division of Lehman Brothers Holdings Inc. and
Chase Manhattan Mortgage Corporation
