8-K 1 sac02003.txt MARCH 8-K UNITED STATES 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): March 25, 2002 STRUCTURED ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2002-3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-82146-02 Pooling and Servicing Agreement) (Commission Pending (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank Minnesota, N.A. 11000 Broken Land Parkway Columbia, MD 21044 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 Former name or former address, if changed since last report) ITEM 5. Other Events On March 25, 2002 a distribution was made to holders of STRUCTURED ASSET SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 2002-3 Trust ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-3 Trust, relating to the March 25, 2002 distribution. 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 Mortgage Pass-Through Certificates, Series 2002-3 Trust By: Wells Fargo Bank Minnesota, NA, as Securities Administrator By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 4/3/02 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-3 Trust, relating to the March 25, 2002 distribution. EX-99.1

~~SECURITIES~~Structured ~~AND~~Asset ~~EXCHANGE~~Securities ~~COMMISSION~~Corporation Mortgage Pass-Through Certificates Record Date: 2/28/02 Distribution Date: 3/25/02 SASC Series: 2002-3 Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution 1A1 86358RVY0 SEN 5.50000% 25,000,000.00 114,583.33 0.00 1A2 86358RVZ7 SEN 2.19000% 45,615,300.00 83,247.92 0.00 1A3 86358RWA1 IO 6.31000% 0.00 239,860.45 0.00 1A5 86358RWB9 SEN 6.50000% 20,000,000.00 108,333.33 661,833.47 1A6 86358RWC7 SEN 6.50000% 100,076,000.00 542,078.33 1,855,380.12 1A8 86358RXQ5 SEN 5.50000% 48,500,000.00 222,291.67 0.00 1A9 86358RXR3 SEN 5.50000% 17,730,700.00 81,265.71 0.00 2A1 86358RWD5 SEN 6.50000% 30,000,000.00 162,500.00 534,011.94 2A2 86358RWE3 SEN 6.50000% 12,781,000.00 69,230.42 0.00 2AP 86358RWF0 PO 0.00000% 532,046.00 0.00 514.26 3A1 86358RWH6 SEN 6.50000% 10,000,000.00 54,166.67 610,697.22 3A2 86358RWJ2 SEN 6.50000% 15,602,000.00 84,510.83 333,268.45 4A1 86358RWK9 SEN 6.00000% 69,440,000.00 347,200.00 67,254.42 4A2 86358RWL7 SEN 2.49000% 17,360,000.00 36,022.00 16,813.60 4A3 86358RWM5 IO 6.01000% 0.00 86,944.67 0.00 A4 86358RWQ6 SEN 6.10000% 35,000,000.00 177,916.67 0.00 A7 86358RXS1 IO 6.50000% 0.00 9,916.66 0.00 AP 86358RWS2 PO 0.00000% 1,694,214.00 0.00 1,724.60 AX 86358RWT0 IO 6.50000% 0.00 27,285.00 0.00 B1 86358RWU7 SUB 6.50000% 11,133,000.00 60,303.75 8,871.79 B2 86358RWV5 SUB 6.50000% 4,737,000.00 25,658.75 3,774.88 B3 86358RWW3 SUB 6.50000% 3,553,000.00 19,245.42 2,831.36 B4 86358RXM4 SUB 6.50000% 1,419,000.00 7,686.25 1,130.79 B5 86358RXN2 SUB 6.50000% 1,656,000.00 8,970.00 1,319.65 B6 86358RXP7 SUB 6.50000% 1,668,720.00 9,038.90 1,329.79 CAP 86358RWP8 PO 0.00000% 329,619.00 0.00 346.81 CAX 86358RWN3 IO 6.50000% 0.00 18,131.02 0.00 IAX 86358RWR4 IO 0.62193% 0.00 15,948.21 0.00 PAX 86358RXT9 IO 6.50000% 0.00 80,621.41 0.00 E SEN 0.00000% 0.00 0.00 0.00 P SEN 0.00000% 0.00 9,659.55 0.00 R 86358RWZ1 SEN 6.50000% 100.00 0.54 100.00 ALR SAC023ALR SEN 0.00000% 0.00 0.00 0.00 Totals 473,827,699.00 2,702,617.46 4,101,203.15

~~Washington~~Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1A1 0.00 25,000,000.00 D114,583.C33 0.00 ~~20549~~1A2 0.00 45,615,300.00 83,247.92 0.00 1A3 0.00 0.00 239,860.45 0.00 1A5 0.00 19,338,166.53 770,166.80 0.00 1A6 0.00 98,220,619.88 2,397,458.45 0.00 1A8 0.00 48,500,000.00 222,291.67 0.00 1A9 0.00 17,730,700.00 81,265.71 0.00 2A1 0.00 29,465,988.06 696,511.94 0.00 2A2 0.00 12,781,000.00 69,230.42 0.00 2AP 0.00 531,531.74 514.26 0.00 3A1 0.00 9,389,302.78 664,863.89 0.00 3A2 0.00 15,268,731.55 417,779.28 0.00 4A1 0.00 69,372,745.58 414,454.42 0.00 4A2 0.00 17,343,186.40 52,835.60 0.00 4A3 0.00 0.00 86,944.67 0.00 A4 0.00 35,000,000.00 177,916.67 0.00 A7 0.00 0.00 9,916.66 0.00 AP 0.00 1,692,489.40 1,724.60 0.00 AX 0.00 0.00 27,285.00 0.00 B1 0.00 11,124,128.21 69,175.54 0.00 B2 0.00 4,733,225.12 29,433.63 0.00 B3 0.00 3,550,168.64 22,076.78 0.00 B4 0.00 1,417,869.21 8,817.04 0.00 B5 0.00 1,654,680.35 10,289.65 0.00 B6 0.00 1,667,390.21 10,368.69 0.00 CAP 0.00 329,272.19 346.81 0.00 CAX 0.00 0.00 18,131.02 0.00 IAX 0.00 0.00 15,948.21 0.00 PAX 0.00 0.00 80,621.41 0.00 E 0.00 0.00 0.00 0.00 P 0.00 0.00 9,659.55 0.00 R 0.00 0.00 100.54 0.00 ALR 0.00 0.00 0.00 0.00 Totals 0.00 469,726,495.85 6,803,820.61 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

~~FORM~~Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) 1A1 25,000,000.00 25,000,000.00 0.00 0.00 0.00 0.00 1A2 45,615,300.00 45,615,300.00 0.00 0.00 0.00 0.00 1A3 0.00 0.00 0.00 0.00 0.00 0.00 1A5 20,000,000.00 20,000,000.00 57,625.49 604,207.98 0.00 0.00 1A6 100,076,000.00 100,076,000.00 161,546.96 1,693,833.17 0.00 0.00 1A8 48,500,000.00 48,500,000.00 0.00 0.00 0.00 0.00 1A9 17,730,700.00 17,730,700.00 0.00 0.00 0.00 0.00 2A1 30,000,000.00 30,000,000.00 35,904.39 498,107.54 0.00 0.00 2A2 12,781,000.00 12,781,000.00 0.00 0.00 0.00 0.00 2AP 532,046.00 532,046.00 504.96 9.30 0.00 0.00 3A1 10,000,000.00 10,000,000.00 15,123.37 595,573.85 0.00 0.00 3A2 15,602,000.00 15,602,000.00 8-K,253.10 325,015.36 0.00 0.00 4A1 69,440,000.00 69,440,000.00 62,263.44 4,990.98 0.00 0.00 4A2 17,360,000.00 17,360,000.00 15,565.86 1,247.74 0.00 0.00 4A3 0.00 0.00 0.00 0.00 0.00 0.00 A4 35,000,000.00 35,000,000.00 0.00 0.00 0.00 0.00 A7 0.00 0.00 0.00 0.00 0.00 0.00 AP 1,694,214.00 1,694,214.00 1,628.33 96.27 0.00 0.00 AX 0.00 0.00 0.00 0.00 0.00 0.00 B1 11,133,000.00 11,133,000.00 8,871.79 0.00 0.00 0.00 B2 4,737,000.00 4,737,000.00 3,774.88 0.00 0.00 0.00 B3 3,553,000.00 3,553,000.00 2,831.36 0.00 0.00 0.00 B4 1,419,000.00 1,419,000.00 1,130.79 0.00 0.00 0.00 B5 1,656,000.00 1,656,000.00 1,319.65 0.00 0.00 0.00 B6 1,668,720.00 1,668,720.00 1,329.79 0.00 0.00 0.00 CAP 329,619.00 329,619.00 312.06 34.75 0.00 0.00 CAX 0.00 0.00 0.00 0.00 0.00 0.00 IAX 0.00 0.00 0.00 0.00 0.00 0.00 PAX 0.00 0.00 0.00 0.00 0.00 0.00 E 0.00 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 0.00 0.00 0.00 0.00 R 100.00 100.00 8.71 91.29 0.00 0.00 ALR 0.00 0.00 0.00 0.00 0.00 0.00 Totals 473,827,699.00 473,827,699.00 377,994.93 3,723,208.23 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

~~CURRENT~~Principal ~~REPORT~~Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution 1A1 0.00 25,000,000.00 1.00000000 0.00 1A2 0.00 45,615,300.00 1.00000000 0.00 1A3 0.00 0.00 0.00000000 0.00 1A5 661,833.47 19,338,166.53 0.96690833 661,833.47 1A6 1,855,380.12 98,220,619.88 0.98146029 1,855,380.12 1A8 0.00 48,500,000.00 1.00000000 0.00 1A9 0.00 17,730,700.00 1.00000000 0.00 2A1 534,011.94 29,465,988.06 0.98219960 534,011.94 2A2 0.00 12,781,000.00 1.00000000 0.00 2AP 514.26 531,531.74 0.99903343 514.26 3A1 610,697.22 9,389,302.78 0.93893028 610,697.22 3A2 333,268.45 15,268,731.55 0.97863938 333,268.45 4A1 67,254.42 69,372,745.58 0.99903147 67,254.42 4A2 16,813.60 17,343,186.40 0.99903147 16,813.60 4A3 0.00 0.00 0.00000000 0.00 A4 0.00 35,000,000.00 1.00000000 0.00 A7 0.00 0.00 0.00000000 0.00 AP 1,724.60 1,692,489.40 0.99898206 1,724.60 AX 0.00 0.00 0.00000000 0.00 B1 8,871.79 11,124,128.21 0.99920311 8,871.79 B2 3,774.88 4,733,225.12 0.99920311 3,774.88 B3 2,831.36 3,550,168.64 0.99920311 2,831.36 B4 1,130.79 1,417,869.21 0.99920311 1,130.79 B5 1,319.65 1,654,680.35 0.99920311 1,319.65 B6 1,329.79 1,667,390.21 0.99920311 1,329.79 CAP 346.81 329,272.19 0.99894785 346.81 CAX 0.00 0.00 0.00000000 0.00 IAX 0.00 0.00 0.00000000 0.00 PAX 0.00 0.00 0.00000000 0.00 E 0.00 0.00 0.00000000 0.00 P 0.00 0.00 0.00000000 0.00 R 100.00 0.00 0.00000000 100.00 ALR 0.00 0.00 0.00000000 0.00 Totals 4,101,203.15 469,726,495.85 0.99134453 4,101,203.15

~~PURSUANT~~Principal TODistribution ~~SECTION~~Factors 13Statement OROriginal 15Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (d2) OFAmount ~~THE SECURITIES~~Balance ~~AND~~Distribution ~~EXCHANGE~~Distribution ~~ACT~~Accretion OF1A1 ~~1934~~25,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1A2 45,615,300.00 1000.00000000 0.00000000 0.00000000 0.00000000 1A3 0.00 0.00000000 0.00000000 0.00000000 0.00000000 1A5 20,000,000.00 1000.00000000 2.88127450 30.21039900 0.00000000 1A6 100,076,000.00 1000.00000000 1.61424278 16.92546834 0.00000000 1A8 48,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1A9 17,730,700.00 1000.00000000 0.00000000 0.00000000 0.00000000 2A1 30,000,000.00 1000.00000000 1.19681300 16.60358467 0.00000000 2A2 12,781,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2AP 532,046.00 1000.00000000 0.94909087 0.01747969 0.00000000 3A1 10,000,000.00 1000.00000000 1.51233700 59.55738500 0.00000000 3A2 15,602,000.00 1000.00000000 0.52897705 20.83164722 0.00000000 4A1 69,440,000.00 1000.00000000 0.89665092 0.07187471 0.00000000 4A2 17,360,000.00 1000.00000000 0.89665092 0.07187442 0.00000000 4A3 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A4 35,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A7 0.00 0.00000000 0.00000000 0.00000000 0.00000000 AP 1,694,214.00 1000.00000000 0.96111235 0.05682281 0.00000000 AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B1 11,133,000.00 1000.00000000 0.79689122 0.00000000 0.00000000 B2 4,737,000.00 1000.00000000 0.79689255 0.00000000 0.00000000 B3 3,553,000.00 1000.00000000 0.79689277 0.00000000 0.00000000 B4 1,419,000.00 1000.00000000 0.79689218 0.00000000 0.00000000 B5 1,656,000.00 1000.00000000 0.79689010 0.00000000 0.00000000 B6 1,668,720.00 1000.00000000 0.79689223 0.00000000 0.00000000 CAP 329,619.00 1000.00000000 0.94672941 0.10542475 0.00000000 CAX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 IAX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 PAX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 E 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R 100.00 1000.00000000 87.10000000 912.90000000 0.00000000 ALR 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are Per 1,000 Denomination.

~~Date~~Principal ofDistribution ~~Report~~Factors Statement (~~Date~~continued) ofTotal ~~earliest~~Ending ~~event~~Ending ~~reported~~Total Realized Principal Certificate Certificate Principal Class Loss (3) ~~February~~ 28Reduction Balance Percentage Distribution 1A1 0.00000000 0.00000000 1,000.00000000 ~~2002~~1.00000000 0.00000000 1A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1A3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1A5 0.00000000 33.09167350 966.90832650 0.96690833 33.09167350 1A6 0.00000000 18.53971102 981.46028898 0.98146029 18.53971102 1A8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1A9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 2A1 0.00000000 17.80039800 982.19960200 0.98219960 17.80039800 2A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 2AP 0.00000000 0.96657056 999.03342944 0.99903343 0.96657056 3A1 0.00000000 61.06972200 938.93027800 0.93893028 61.06972200 3A2 0.00000000 21.36062364 978.63937636 0.97863938 21.36062364 4A1 0.00000000 0.96852563 999.03147437 0.99903147 0.96852563 4A2 0.00000000 0.96852535 999.03147465 0.99903147 0.96852535 4A3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A7 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 AP 0.00000000 1.01793516 998.98206484 0.99898206 1.01793516 AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B1 0.00000000 0.79689122 999.20310878 0.99920311 0.79689122 B2 0.00000000 0.79689255 999.20310745 0.99920311 0.79689255 B3 0.00000000 0.79689277 999.20310723 0.99920311 0.79689277 B4 0.00000000 0.79689218 999.20310782 0.99920311 0.79689218 B5 0.00000000 0.79689010 999.20310990 0.99920311 0.79689010 B6 0.00000000 0.79689223 999.20310777 0.99920311 0.79689223 CAP 0.00000000 1.05215415 998.94784585 0.99894785 1.05215415 CAX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 IAX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 PAX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 E 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 ALR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

~~STRUCTURED~~Interest ~~ASSET~~Distribution ~~SECURITIES~~Statement ~~CORPORATION~~Beginning ~~(as~~Payment ~~Depositor~~of ~~under~~Original ~~the~~Current ~~Trust~~Certificate/ ~~Agreement~~Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall 1A1 25,000,000.00 ~~dated~~5.50000% as25,000,000.00 of114,583.33 ~~February~~0.00 0.00 1A2 45,615,300.00 2.19000% 45,615,300.00 83,247.92 0.00 0.00 1A3 0.00 6.31000% 45,615,300.00 239,860.45 0.00 0.00 1A5 20,000,000.00 6.50000% 20,000,000.00 108,333.33 0.00 0.00 1A6 100,076,000.00 6.50000% 100,076,000.00 542,078.33 0.00 0.00 1A8 48,500,000.00 5.50000% 48,500,000.00 222,291.67 0.00 0.00 1A9 17,730,700.00 5.50000% 17,730,700.00 81,265.71 0.00 0.00 2A1 30,000,000.00 6.50000% 30,000,000.00 162,500.00 0.00 0.00 2A2 12,781,000.00 6.50000% 12,781,000.00 69,230.42 0.00 0.00 2AP 532,046.00 0.00000% 532,046.00 0.00 0.00 0.00 3A1 10,000,000.00 6.50000% 10,000,000.00 54,166.67 0.00 0.00 3A2 15,602,000.00 6.50000% 15,602,000.00 84,510.83 0.00 0.00 4A1 69,440,000.00 6.00000% 69,440,000.00 347,200.00 0.00 0.00 4A2 17,360,000.00 2.49000% 17,360,000.00 36,022.00 0.00 0.00 4A3 0.00 6.01000% 17,360,000.00 86,944.67 0.00 0.00 A4 35,000,000.00 6.10000% 35,000,000.00 177,916.67 0.00 0.00 A7 0.00 6.50000% 1,830,768.00 ~~2002~~9,916.66 ~~providing~~0.00 ~~for~~0.00 ~~the~~AP ~~issuance~~1,694,214.00 of0.00000% ~~Mortgage~~1,694,214.00 ~~Pass-Through~~0.00 ~~Certificates~~0.00 0.00 AX 0.00 6.50000% 5,037,230.00 ~~Series~~27,285.00 ~~2002-~~0.00 0.00 B1 11,133,000.00 6.50000% 11,133,000.00 60,303.75 0.00 0.00 B2 4,737,000.00 6.50000% 4,737,000.00 25,658.75 0.00 0.00 B3 3),553,000.00 6.50000% 3,553,000.00 19,245.42 0.00 0.00 B4 1,419,000.00 6.50000% 1,419,000.00 7,686.25 0.00 0.00 B5 1,656,000.00 6.50000% 1,656,000.00 8,970.00 0.00 0.00 B6 1,668,720.00 6.50000% 1,668,720.00 9,038.90 0.00 0.00 CAP 329,619.00 0.00000% 329,619.00 0.00 0.00 0.00 CAX 0.00 6.50000% 3,347,265.00 18,131.02 0.00 0.00 IAX 0.00 0.62193% 30,771,827.00 15,948.21 0.00 0.00 PAX 0.00 6.50000% 14,883,953.00 80,621.41 0.00 0.00 E 0.00 0.00000% 0.00 0.00 0.00 0.00 P 0.00 0.00000% 0.00 0.00 0.00 0.00 R 100.00 6.50000% 100.00 0.54 0.00 0.00 ALR 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 473,827,699.00 2,692,957.91 0.00 0.00

~~Structured~~Interest ~~Asset~~Distribution ~~Securities~~Statement ~~Corporation~~ (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance 1A1 0.00 0.00 114,583.33 0.00 25,000,000.00 1A2 0.00 0.00 83,247.92 0.00 45,615,300.00 1A3 0.00 0.00 239,860.45 0.00 45,615,300.00 1A5 0.00 0.00 108,333.33 0.00 19,338,166.53 1A6 0.00 0.00 542,078.33 0.00 98,220,619.88 1A8 0.00 0.00 222,291.67 0.00 48,500,000.00 1A9 0.00 0.00 81,265.71 0.00 17,730,700.00 2A1 0.00 0.00 162,500.00 0.00 29,465,988.06 2A2 0.00 0.00 69,230.42 0.00 12,781,000.00 2AP 0.00 0.00 0.00 0.00 531,531.74 3A1 0.00 0.00 54,166.67 0.00 9,389,302.78 3A2 0.00 0.00 84,510.83 0.00 15,268,731.55 4A1 0.00 0.00 347,200.00 0.00 69,372,745.58 4A2 0.00 0.00 36,022.00 0.00 17,343,186.40 4A3 0.00 0.00 86,944.67 0.00 17,343,186.40 A4 0.00 0.00 177,916.67 0.00 35,000,000.00 A7 0.00 0.00 9,916.66 0.00 1,830,769.23 AP 0.00 0.00 0.00 0.00 1,692,489.40 AX 0.00 0.00 27,285.00 0.00 4,506,119.75 B1 0.00 0.00 60,303.75 0.00 11,124,128.21 B2 0.00 0.00 25,658.75 0.00 4,733,225.12 B3 0.00 0.00 19,245.42 0.00 3,550,168.64 B4 0.00 0.00 7,686.25 0.00 1,417,869.21 B5 0.00 0.00 8,970.00 0.00 1,654,680.35 B6 0.00 0.00 9,038.90 0.00 1,667,390.21 CAP 0.00 0.00 0.00 0.00 329,272.19 CAX 0.00 0.00 18,131.02 0.00 3,344,393.65 IAX 0.00 0.00 15,948.21 0.00 30,251,057.60 PAX 0.00 0.00 80,621.41 0.00 14,820,769.06 E 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 9,659.55 0.00 0.00 R 0.00 0.00 0.54 0.00 0.00 ALR 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 2,702,617.46 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Delaware (State or Other Jurisdiction Of Incorporation)	333-82146 (Commission File Number)	74-2440850 (I.R.S. Employer Identification No.)
101 Hudson Street, 33rd Floor Jersey City, New Jersey (Address of Principal Executive Offices)		07302 (Zip Code)
Registrant's telephone number, including area code: (201) 524-2437
No Change (Former Name or Former Address, if Changed Since Last Report)

~~Item~~Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance 1A1 0.00000000 0.00000000 4.58333320 0.00000000 1000.00000000 1A2 0.00000000 0.00000000 1.82499995 0.00000000 1000.00000000 1A3 0.00000000 0.00000000 5. ~~Other~~25833328 ~~Events~~0.00000000 1000.00000000 1A5 0.00000000 0.00000000 5.41666650 0.00000000 966.90832650 1A6 0.00000000 0.00000000 5.41666663 0.00000000 981.46028898 1A8 0.00000000 0.00000000 4.58333340 0.00000000 1000.00000000 1A9 0.00000000 0.00000000 4.58333343 0.00000000 1000.00000000 2A1 0.00000000 0.00000000 5.41666667 0.00000000 982.19960200 2A2 0.00000000 0.00000000 5.41666693 0.00000000 1000.00000000 2AP 0.00000000 0.00000000 0.00000000 0.00000000 999.03342944 3A1 0.00000000 0.00000000 5.41666700 0.00000000 938.93027800 3A2 0.00000000 0.00000000 5.41666645 0.00000000 978.63937636 4A1 0.00000000 0.00000000 5.00000000 0.00000000 999.03147437 4A2 0.00000000 0.00000000 2.07500000 0.00000000 999.03147465 4A3 0.00000000 0.00000000 5.00833353 0.00000000 999.03147465 A4 0.00000000 0.00000000 5.08333343 0.00000000 1000.00000000 A7 0.00000000 0.00000000 5.41666667 0.00000000 1000.00067185 AP 0.00000000 0.00000000 0.00000000 0.00000000 998.98206484 AX 0.00000000 0.00000000 5.41666749 0.00000000 894.56303365 B1 0.00000000 0.00000000 5.41666667 0.00000000 999.20310878 B2 0.00000000 0.00000000 5.41666667 0.00000000 999.20310745 B3 0.00000000 0.00000000 5.41666760 0.00000000 999.20310723 B4 0.00000000 0.00000000 5.41666667 0.00000000 999.20310782 B5 0.00000000 0.00000000 5.41666667 0.00000000 999.20310990 B6 0.00000000 0.00000000 5.41666667 0.00000000 999.20310777 CAP 0.00000000 0.00000000 0.00000000 0.00000000 998.94784585 CAX 0.00000000 0.00000000 5.41666704 0.00000000 999.14218026 IAX 0.00000000 0.00000000 0.51827309 0.00000000 983.07642247 PAX 0.00000000 0.00000000 5.41666653 0.00000000 995.75489522 E 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000000 0.00000000 5.40000000 0.00000000 0.00000000 ALR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

~~The~~Certificateholder ~~Registrant~~Component ~~registered~~Statement ~~issuances~~Component ofBeginning ~~Mortgage~~Ending Beginning Ending Ending Pass-Through ~~Certificates,~~Notional onNotional aComponent ~~delayed~~Component orComponent ~~continuous~~Class ~~basis~~Rate ~~pursuant~~Balance toBalance ~~Rule~~Balance ~~415~~Balance ~~under~~Percentage ~~the~~A4_1 ~~Securities~~6.10000% ~~Act~~0.00 of0.00 ~~1933~~29,170,000.00 ~~as amended (the "Act")~~29,170,000.00 by100.00000000% aA4_2 ~~Registration~~6.10000% ~~Statement~~0.00 on0.00 ~~Form~~1,500,000.00 ~~S-3~~1,500,000.00 ~~(Registration~~100.00000000% ~~File~~A4_3 No6.10000% ~~333-82146)~~0.00 ~~(the "Registration Statement")~~0.00 ~~Pursuant to the Registration Statement~~3,000,000.00 ~~the Registrant issued $469~~3,~~083~~000,~~980~~000.00 in100.00000000% ~~aggregate~~A4_4 ~~principal~~6.10000% ~~amount~~0.00 of0.00 ~~Class~~ 1~~-A1~~, ~~Class 1-A2~~330,000.00 ~~Class~~ 1~~-A3~~, ~~Class 1-A5~~330,000.00 ~~Class~~100.00000000% ~~1-A6,~~A7_1 ~~Class~~6.50000% 1~~-A8~~,525,815.00 ~~Class~~ 1~~-A9~~, ~~Class 2-A1~~525,815.38 ~~Class~~0.00 ~~2-A2,~~0.00 ~~Class~~100.00002490% ~~2-AP,~~A7_2 ~~Class~~6.50000% ~~3-A1~~78,461.00 ~~Class 3-A2~~78,461.54 ~~Class~~0.00 ~~4-A1,~~0.00 ~~Class~~100.00068824% ~~4-A2,~~A7_3 ~~Class~~6.50000% ~~4-A3~~156,923.00 ~~Class CAX~~156,923.08 ~~Class~~0.00 ~~CAP,~~0.00 ~~Class~~100.00005098% ~~A4,~~A7_4 ~~Class~~6.50000% A769,569.00 ~~Class IAX~~69,569.23 ~~Class~~0.00 ~~PAX,~~0.00 ~~Class~~100.00033061% ~~AP,~~AP_1 ~~Class~~0.00000% ~~AX,~~0.00 ~~Class~~0.00 B11, ~~Class B2~~315,245.00 ~~Class B3 and Class R~~1,313,932.57 ~~Structured~~99.90021403% ~~Asset~~AP_3 ~~Securities~~0.00000% ~~Corporation~~0.00 ~~Mortgage~~0.00 ~~Pass-Through~~378,969.00 ~~Certificates~~378,556.83 ~~Series~~99.89123913% ~~2002-3~~AX_1 on6.50000% ~~February~~3,824,321.00 283,628,885.10 ~~2002~~0.00 ~~This~~0.00 ~~Current~~94.88965754% ~~Report~~AX_3 on6.50000% ~~Form~~1,212,909.00 ~~8-K~~877,234.66 is0.00 ~~being~~0.00 ~~filed~~72.32485372% toIAX_1 ~~satisfy~~0.81419% an16,468,953.00 ~~undertaking~~16,456,448.05 ~~contained~~0.00 in0.00 ~~the~~99.92406955% ~~definitive~~IAX_2 ~~Prospectus~~0.40055% ~~dated February 25~~14,302,874.00 ~~2002~~13,794,609.55 as0.00 ~~supplemented~~0.00 by96.44641734% ~~the~~PAX_1 ~~Prospectus~~6.50000% ~~Supplement dated February 26~~9,988,538.00 ~~2002 (the "Prospectus Supplement")~~9,928,589.47 to0.00 ~~file~~0.00 a99.39982678% ~~copy~~PAX_2 of6.50000% ~~the~~4,391,309.00 ~~Trust~~4,388,589.37 ~~Agreement~~0.00 ~~(as~~0.00 ~~defined~~99.93806790% ~~below)~~PAX_3 ~~and~~6.50000% ~~other~~504,106.00 ~~operative agreements executed in connection with the issuance of the Certificates~~503,590.22 a0.00 ~~form~~0.00 ~~of which was filed as an exhibit to the Registration Statement~~99.89768422%

~~The~~CERTIFICATEHOLDER ~~Certificates~~ACCOUNT ~~were~~STATEMENT ~~issued~~CERTIFICATE ~~pursuant~~ACCOUNT toBeginning aBalance ~~Trust Agreement (the "Trust Agreement"), attached hereto as Exhibit 4~~0.1,00 ~~dated~~Deposits asPayments of ~~February~~Interest 1,and ~~2002,~~Principal ~~among Structured Asset Securities Corporation~~7, ~~as depositor~~020,561.14 ~~Bank One~~Liquidations, ~~National~~Insurance ~~Association~~Proceeds, asReserve ~~trustee,~~Funds ~~Aurora Loan Services Inc~~0.00 asProceeds ~~master~~from ~~servicer,~~Repurchased ~~and~~Loans ~~Wells~~0.00 ~~Fargo~~Other ~~Bank~~Amounts ~~Minnesota,~~(Servicer ~~National~~Advances) ~~Association,~~0.00 asRealized ~~securities~~Losses ~~administrator~~0.00 ~~The~~Prepayment ~~"Certificates"~~Penalties ~~consist~~0.00 ofTotal ~~the~~Deposits ~~following classes: Class 1-A1~~7, ~~Class 1-A2~~020,561.14 ~~Class~~Withdrawals ~~1-A3,~~Reimbursement ~~Class~~for ~~1-A5,~~Servicer ~~Class~~Advances ~~1-A6,~~0.00 ~~Class~~Payment ~~1-A8,~~of ~~Class~~Service ~~1-A9,~~Fee ~~Class 2-A1~~216, Class 2-A2, Class 2-AP, Class 3-A1, Class 3-A2, Class 4-A1, Class 4-A2, Class 4-A3, Class CAX, Class CAP, Class A4, Class A7, Class IAX, Class PAX, Class AP, Class AX, Class B1, Class B2, Class B3, Class B4, Class B5, Class B6 and Class R740.53 ~~The~~Payment ~~Certificates evidence all~~ of ~~the~~Interest ~~beneficial~~and ~~ownership~~Principal ~~interest in a trust fund (the "Trust Fund") that consists primarily of four pools of certain fixed rate~~6, ~~conventional~~803,820.61 ~~fully~~Total ~~amortizing,~~Withdrawals ~~first lien, residential mortgage loans~~ (~~the~~Pool ~~"Mortgage~~Distribution ~~Loans"~~Amount) ~~with an aggregate outstanding principal balance of $473~~7,~~827~~020,~~700 as of February 1, 2002, together with certain other assets~~561.14 ~~Capitalized~~Ending ~~terms~~Balance ~~used herein and not otherwise defined shall have the meanings assigned to them in the Trust Agreement~~0.00

~~Item~~PREPAYMENT/CURTAILMENT 7INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0. ~~Financial~~00 ~~Statements;~~Servicing ~~Pro~~Fee ~~Forma~~Support ~~Financial~~0.00 ~~Information~~Non-Supported ~~and~~Prepayment/Curtailment ~~Exhibits~~Interest Shortfall 0.00

~~(a) Not~~SERVICING ~~applicable~~FEES Gross Servicing Fee 213,767.86 A4-MBIA Insurance Premium 1,750.00 LPMI Insurance Premium 1,222.67 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 216,740.53

~~(b) Not~~OTHER ~~applicable~~ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Financial Guaranty 0.00 0.00 0.00 0.00 Reserve Fund 10,000.00 0.00 0.00 10,000.00 Reserve Fund 999.99 0.00 0.00 999.99

~~(c) Exhibits~~LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 1 0 0 1 34,541.73 0.00 0.00 34,541.73 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 1 0 0 1 0.00 34,541.73 0.00 0.00 34,541.73 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.080645% 0.000000% 0.000000% 0.080645% 0.007348% 0.000000% 0.000000% 0.007348% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.080645% 0.000000% 0.000000% 0.080645% 0.000000% 0.007348% 0.000000% 0.000000% 0.007348%

1.1	Terms Agreement, dated February 26, 2002, between Structured Asset Securities Corporation, as Depositor, and Lehman Brothers Inc., as the Underwriter.
4.1	Trust Agreement, dated as of February 1, 2002, among Structured Asset Securities Corporation, as Depositor, Bank One, National Association, as Trustee, Aurora Loan Services Inc., as Master Servicer and Wells Fargo Bank Minnesota, National Association, as Securities Administrator.
99.1	Mortgage Loan Sale and Assignment Agreement, dated as of February 1, 2002, between Lehman Capital, A Division of Lehman Brothers Holdings Inc., as Seller, and Structured Asset Securities Corporation, as Purchaser.
99.2	Mortgage Loan Sale and Assignment Agreement, dated as of February 1, 2002, between Lehman Brothers Bank, FSB, as Seller, and Structured Asset Securities Corporation, as Purchaser.
99.3	Servicing Agreement, dated as of February 1, 2002, among Aurora Loan Services Inc., as Master Servicer and Servicer, Lehman Capital, A Division of Lehman Brothers Holdings Inc., as a Seller and Lehman Brothers Bank, FSB, as a Seller.
99.4	Reconstituted Servicing Agreement, dated February 1, 2002, between Lehman Brothers Bank, FSB and Cendant Mortgage Corporation, as Servicer.
99.5	Reconstituted Servicing Agreement, dated February 1, 2002, between Lehman Brothers Bank, FSB and IndyMac Bank, F.S.B., as Servicer.
99.6	Certificate of Guaranty Insurance Policy Number 37534 for $35,000,000 Class A4 Certificates.
99.7	Insurance Agreement dated as of February 1, 2002 among MBIA Insurance Corporation, as insurer, Lehman Capital, A Division of Lehman Brothers Holdings Inc., as a Seller, Lehman Brothers Bank, FSB, as a Seller, Structured Asset Securities Corporation, as Depositor, and Bank One, National Association, as Trustee.

~~SIGNATURES~~CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 138,987.00 0.02933281% 138,987.00 0.02958892% Fraud 9,456,554.00 1.99577906% 9,456,554.00 2.01320429% Special Hazard 7,989,228.00 1.68610405% 7,989,228.00 1.70082549% Limit of Subordinate's Exposure to Certain Types of Losses

~~Pursuant~~COLLATERAL toSTATEMENT ~~the~~Collateral ~~requirements~~Description ofMixed ~~the~~Fixed ~~Securities~~Weighted ~~Exchange~~Average ~~Act~~Gross ofCoupon ~~1934~~7.365908% Weighted Average Net Coupon 6.824526% Weighted Average Pass-Through Rate 6.533145% Weighted Average Maturity(Stepdown Calculation ) 354 Beginning Scheduled Collateral Loan Count 1,251 ~~the~~Number ~~Registrant~~Of ~~has~~Loans ~~duly~~Paid ~~caused~~In ~~this~~Full ~~report~~11 toEnding beScheduled ~~signed~~Collateral onLoan ~~its~~Count ~~behalf~~1,240 byBeginning ~~the~~Scheduled ~~undersigned~~Collateral ~~hereunto~~Balance ~~duly~~473,827,699.00 ~~authorized~~Ending Scheduled Collateral Balance 469,726,496.90 Ending Actual Collateral Balance at 28-Feb-2002 470,054,789.21 Monthly P &I Constant 3,286,470.81 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 377,994.92 Unscheduled Principal 3,723,208.23

~~STRUCTURED~~Group ~~ASSET~~Level ~~SECURITIES~~Collateral ~~CORPORATION~~Statement ~~By:~~Group Group 1 Group 2 Group 3 Collateral Description Mixed Fixed Mixed Fixed Mixed Fixed Weighted Average Coupon Rate 7.506555 7.402538 7.127843 Weighted Average Net Rate 6.812505 7.152539 6.784797 Weighted Average Maturity 353 352 355 Beginning Loan Count 0 0 0 Loans Paid In Full 8 1 2 Ending Loan Count 809 117 74 Beginning Scheduled Balance 0.00 0.00 0.00 Ending scheduled Balance 300,323,053.86 46,685,593.40 29,592,943.36 Record Date 02/s28/2002 ~~Ellen~~02/28/2002 V02/28/2002 Principal And Interest Constant 2,126,772.50 ~~Kiernan~~329,665.31 ~~Name:~~206,404.13 ~~Ellen~~Scheduled VPrincipal 232,283.76 ~~Kiernan~~38,362.67 ~~Title:~~25,008.87 ~~Vice~~Unscheduled ~~President~~Principal 2,298,175.89 498,116.84 920,642.03 Scheduled Interest 1,894,488.74 291,302.64 181,395.26 Servicing Fees 175,162.81 9,837.88 8,730.12 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 111,463.35 0.00 2,367.90 Special Hazard Fee 0.00 0.00 0.00 Other Fee 605.09 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 1,607,257.49 281,464.76 170,297.24 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.368455 7.152538 6.691751

~~Dated: February~~Group Level Collateral Statement Group Group 4 Total Collateral Description Mixed Fixed Mixed Fixed Weighted Average Coupon Rate 6.968379 7.365908 Weighted Average Net Rate 6.710428 6.824526 Weighted Average Maturity 351 354 Beginning Loan Count 0 0 Loans Paid In Full 0 11 Ending Loan Count 240 1,240 Beginning Scheduled Balance 0.00 0.00 Ending scheduled Balance 93,124,906.28 469,726,496.90 Record Date 02/28/2002 02/28/2002 Principal And Interest Constant 623,628.87 3,286,470.81 Scheduled Principal 82,339.62 377,994.92 Unscheduled Principal 6,273.47 3,723,208.23 Scheduled Interest 541,289.25 2,908,475.89 Servicing Fees 20,037.05 213,767.86 Master Servicing Fees 0.00 0.00 Trustee Fee 0.00 0.00 FRY Amount 0.00 113,831.25 Special Hazard Fee 0.00 0.00 Other Fee 617.58 1,222.67 Pool Insurance Fee 0.00 0.00 Spread Fee 1 0.00 0.00 Spread Fee 2 0.00 0.00 Spread Fee 3 0.00 0.00 Net Interest 520,634.62 2,579,654.11 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 6.702478 6.533145

EXHIBIT INDEX

Exhibit No.		Description	Page No.
1.1	Terms Agreement, dated February 26, 2002, between Structured Asset Securities Corporation, as Depositor, and Lehman Brothers Inc., as the Underwriter.
4.1	Trust Agreement, dated as of February 1, 2002, among Structured Asset Securities Corporation, as Depositor, Bank One, National Association, as Trustee, Aurora Loan Services Inc., as Master Servicer and Wells Fargo Bank Minnesota, National Association, as Securities Administrator.
99.1	Mortgage Loan Sale and Assignment Agreement, dated as of February 1, 2002, between Lehman Capital, A Division of Lehman Brothers Holdings Inc., as Seller, and Structured Asset Securities Corporation, as Purchaser.
99.2	Mortgage Loan Sale and Assignment Agreement, dated as of February 1, 2002, between Lehman Brothers Bank, FSB, as Seller, and Structured Asset Securities Corporation, as Purchaser.
99.3	Servicing Agreement, dated as of February 1, 2002, among Aurora Loan Services Inc., as Master Servicer and Servicer, Lehman Capital, A Division of Lehman Brothers Holdings Inc., as a Seller and Lehman Brothers Bank, FSB, as a Seller.
99.4	Reconstituted Servicing Agreement, dated February 1, 2002, between Lehman Brothers Bank, FSB and Cendant Mortgage Corporation, as Servicer.
99.5	Reconstituted Servicing Agreement, dated February 1, 2002, between Lehman Brothers Bank, FSB and IndyMac Bank, F.S.B., as Servicer.
99.6	Certificate of Guaranty Insurance Policy Number 37534 for $35,000,000 Class A4 Certificates.
99.7	Insurance Agreement dated as of February 1, 2002 among MBIA Insurance Corporation, as insurer, Lehman Capital, A Division of Lehman Brothers Holdings Inc., as a Seller, Lehman Brothers Bank, FSB, as a Seller, Structured Asset Securities Corporation, as Depositor, and Bank One, National Association, as Trustee.

Filing Compare · STRUCTURED ASSET SEC CORP MORT PASS THR CERT SER 2002-3