8-K 1 sasc0310_200304.htm MONTHLY DISTRIBUTION STATEMENTS 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: April 25, 2003
(Date of earliest event reported)

Structured Asset Securities Corporation
(as Depositor under the Trust Agreement, dated as of March 1, 2003,
providing for the issuance of Mortgage Pass-Through Certificates,
Series 2003-10)

Structured Asset Securities Corporation
(Exact name of registrant as specified in its charter)

Delaware 333-102489 74-2440850
(State or other juris- (Commission (I.R.S. Employer
diction of organization) File No.) Identification No.)

745 Seventh Avenue, 7th Floor, New York, NY. 10019
(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code (212) 526-7000

No Change
(Former name or former address, if changed since last report.)

ITEM 5. OTHER EVENTS

This current report on Form 8-K relates to the monthly distribution
reported to the holders of Structured Asset Securities Corporation
Mortgage Pass-Through Certificates, Series 2003-10,
which was made on April 25, 2003.

ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
AND EXHIBITS

(c) Exhibits

Exhibit No. Description

99.1 Monthly distribution report pursuant to Section 4.03 of the
Trust Agreement for distribution on April 25, 2003.

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.

LASALLE BANK NATIONAL ASSOCIATION,
IN ITS CAPACITY AS TRUSTEE
UNDER THE TRUST AGREEMENT ON
BEHALF OF STRUCTURED ASSET
SECURITIES CORPORATION

By: /s Russell Goldenberg
Russell Goldenberg,
Group Senior Vice President

Date: April 28,2003

SECURITIES AND EXCHANGE COMMISSION

ABN AMRO

LASALLE BANK

N.A.

STRUCTURED ASSET SECURITIES CORPORATION

STATEMENT DATE:

04/25/2003

MORTGAGE PASS-THROUGH CERTIFICATES

PAYMENT DATE:

04/25/2003

135 S. LASALLE STREET SUITE 1625

CHICAGO, IL 60603-4159

USA

SERIES 2003-10

PRIOR PAYMENT:

N/A

NEXT PAYMENT:

05/27/2003

RECORD DATE:

03/31/2003

ABN AMRO ACCT: 67-9190-60-3

ADMINISTRATOR:

REPORTING PACKAGE TABLE OF CONTENTS

ANALYST:

CHRISTOPHER LEWIS (312) 904-7992

ELIZABETH KWON 714-238-6752

CHRISTOPHER.LEWIS@ABNAMRO.COM

ELIZABETH.KWON@ABNAMRO.COM

Washington, D.C. 20549

PAGE(S)

ISSUE ID:

SASC0310

CLOSING DATE:

3/28/2003

STATEMENTS TO CERTIFICATEHOLDERS

PAGE 2-3

CASH RECONCILIATION SUMMARY

PAGE 4

FIRST PAYMENT DATE:

4/25/2003

MONTHLY DATA FILE NAME:

BOND INTEREST RECONCILIATION

PAGE 5

ASSUMED FINAL PAYMENT: DATE:

4/25/2033

SASC0310_200304_3.ZIP

OTHER RELATED INFORMATION

PAGE 6

ASSET-BACKED FACTS ~ 15 MONTH LOAN STATUS SUMMARY

PAGE 7

ASSET-BACKED FACTS ~ 15 MONTH PAYOFF/LOSS SUMMARY

PAGE 8

MODIFIED LOAN DETAIL

PAGE 9

REALIZED LOSS DETAIL

PAGE 10

HISTORICAL REO REPORT

PAGE 11

PARTIES TO THE TRANSACTION

DEPOSITOR: STRUCTURED ASSET SECURITIES CORPORATION

UNDERWRITER: LEHMAN BROTHERS INC.

MASTER SERVICER: AURORA LOAN SERVICES, INC.

RATING AGENCY: STANDARD & POOR'S RATING SERVICES

INFORMATION IS AVAILABLE FOR THIS ISSUE FROM THE FOLLOWING SOURCES

LASALLE WEB SITE

WWW.ETRUSTEE.NET

SERVICER WEB SITE

WWW.ALSERVICES.COM

LASALLE FACTOR LINE

(800) 246-5761

04/23/2003 - 11:23 (K303,K546-K559) 2003 LASALLE BANK N.A.

PAGE 1 OF 11

FORM 8-K





	ABN AMRO

	LASALLE BANK		N.A.
*STRUCTURED ASSET SECURITIES CORPORATION*

										*MORTGAGE PASS-THROUGH CERTIFICATES*																											STATEMENT DATE:								04/25/2003

										*SERIES 2003-10*																											PAYMENT DATE:						04/25/2003

WAC:						6.554089%																															PRIOR PAYMENT:							N/A
																																		NEXT PAYMENT:							05/27/2003
WAMM:						355
																																		RECORD DATE:								03/31/2003
										*REMIC*
										*ABN AMRO ACCT: 67-9190-60-3*


									ORIGINAL							OPENING		PRINCIPAL			PRINCIPAL			NEGATIVE				CLOSING					INTEREST				INTEREST				PASS-THROUGH
				CLASS				FACE VALUE (1)								BALANCE		PAYMENT			ADJ. OR LOSS			AMORTIZATION				BALANCE					PAYMENT (2)				ADJUSTMENT				RATE

			CUSIP												PER $ 0				PER $ 0			PER $ 0			PER $ 0				PER $ 0						PER $ 0		PER $ 0		NEXT RATE(3)
	A						346,475,000.00					346,475,000.00					1,321,836.90			0.00			0.00				345,153,163.10				1,732,375.00					0.00				6.00000000%
	86359AQS5													0.000000000			0.000000000			0.000000000			0.000000000				0.000000000					0.000000000				0.000000000						FIXED

	AP						720,673.00					720,673.00					689.76			0.00			0.00				719,983.24				0.00					0.00				0.00000000%
	86359AQT3													1000.000000000			0.957105372			0.000000000			0.000000000				999.042894628					0.000000000				0.000000000						N/A

	AX						19,146,268.00				N	19,146,268.00					0.00			0.00			0.00				19,095,674.63				95,731.34					0.00				6.00000000%
	86359AQU0													1000.000000000			0.000000000			0.000000000			0.000000000				997.357533593					5.000000000				0.000000000						FIXED

	B1						9,088,000.00					9,088,000.00					7,047.22			0.00			0.00				9,080,952.78				45,440.00					0.00				6.00000000%
	86359AQV8													1000.000000000			0.775442342			0.000000000			0.000000000				999.224557658					5.000000000				0.000000000						FIXED

	B2						2,726,000.00					2,726,000.00					2,113.86			0.00			0.00				2,723,886.14				13,630.00					0.00				6.00000000%
	86359AQW6													1000.000000000			0.775443874			0.000000000			0.000000000				999.224556126					5.000000000				0.000000000						FIXED

	B3						1,817,000.00					1,817,000.00					1,408.98			0.00			0.00				1,815,591.02				9,085.00					0.00				6.00000000%
	86359AQX4													1000.000000000			0.775443038			0.000000000			0.000000000				999.224556962					5.000000000				0.000000000						FIXED

	B4						1,090,000.00					1,090,000.00					845.23			0.00			0.00				1,089,154.77				5,450.00					0.00				6.00000000%
	86359AQZ9/U85985KW5													1000.000000000			0.775440367			0.000000000			0.000000000				999.224559633					5.000000000				0.000000000						FIXED

	B5						727,000.00					727,000.00					563.75			0.00			0.00				726,436.25				3,635.00					0.00				6.00000000%
	86359ARA3/U85985KX3													1000.000000000			0.775447043			0.000000000			0.000000000				999.224552957					5.000000000				0.000000000						FIXED

	B6						912,339.00					912,339.00					707.47			0.00			0.00				911,631.53				4,561.70					0.00				6.00000000%
	86359ARB1/U85985KY1													1000.000000000			0.775446408			0.000000000			0.000000000				999.224553592					5.000005480				0.000000000						FIXED

	R						100.00					100.00					100.00			0.00			0.00				0.00				0.51					0.01				6.00000000%
	9ABSK559													1000.000000000			1000.000000000			0.000000000			0.000000000				0.000000000					5.100000000				0.100000000						FIXED



		TOTAL			363,556,112.00								363,556,112.00				1,335,313.17			0.00			0.00				362,220,798.83				1,909,908.55					0.01

																										TOTAL P&I PAYMENT				3,245,221.72


	E						0.00					0.00					0.00			0.00			0.00				0.00				0.00					0.00				N/A
	9ABSK557													0.000000000			0.000000000			0.000000000			0.000000000				0.000000000					0.000000000				0.000000000

	P						0.00					0.00					0.00			0.00			0.00				0.00				0.00					0.00				N/A
	9ABSK558													0.000000000			0.000000000			0.000000000			0.000000000				0.000000000					0.000000000				0.000000000



		TOTAL			0.00								0.00				0.00			0.00			0.00				0.00				0.00					0.00

																										TOTAL P&I PAYMENT				0.00


NOTES: (1) N DENOTES NOTIONAL BALANCE NOT INCLUDED IN TOTAL (2) ACCRUED INTEREST PLUS/MINUS INTEREST ADJUSTMENT MINUS DEFERRED INTEREST EQUALS INTEREST PAYMENT (3) ESTIMATED. * DENOTES CONTROLLING CLASS
04/23/2003 - 11:23 (K303,K546-K559) 2003 LASALLE BANK N.A.																																						PAGE 2 OF 11

CURRENT REPORT





		ABN AMRO

		LASALLE BANK	N.A.
	*STRUCTURED ASSET SECURITIES CORPORATION*
	*MORTGAGE PASS-THROUGH CERTIFICATES*																									STATEMENT DATE:					04/25/2003
																									PAYMENT DATE:								04/25/2003
					*SERIES 2003-10*																									PRIOR PAYMENT:							N/A
																									NEXT PAYMENT:								05/27/2003
																									RECORD DATE:								03/31/2003
					*ABN AMRO ACCT: 67-9190-60-3*


*CASH RECONCILIATION SUMMARY*



				INTEREST SUMMARY								PRINCIPAL SUMMARY																				SERVICING FEE SUMMARY
				CURRENT SCHEDULED INTEREST		476,369.87				SCHEDULED PRINCIPAL:
				LESS DEFERRED INTEREST		0.00				CURRENT SCHEDULED PRINCIPAL							68,386.63										CURRENT SERVICING FEES									18,238.57
				LESS PPIS REDUCING SCHEDULED INT		0.00																					PLUS FEES ADVANCED FOR PPIS									0.00
										ADVANCED SCHEDULED PRINCIPAL							213,602.80										LESS REDUCTION FOR PPIS									0.00
				PLUS GROSS ADVANCE INTEREST		1,451,777.24				SCHEDULED PRINCIPAL										281,989.43
				LESS ASER INTEREST ADV REDUCTION					0.00																		PLUS DELINQUENT SERVICING FEES									57,502.29
				LESS OTHER INTEREST NOT ADVANCED		0.00				UNSCHEDULED PRINCIPAL:
				LESS OTHER ADJUSTMENT		0.00				CURTAILMENTS							1,053,323.73											TOTAL SERVICING FEES									75,740.86
										PREPAYMENTS IN FULL							0.00
				TOTAL		1,928,147.11
				UNSCHEDULED INTEREST:						LIQUIDATION PROCEEDS							0.00
										REPURCHASE PROCEEDS							0.00
				PREPAYMENT PENALTIES		0.00
				YIELD MAINTENANCE PENALTIES		0.00				OTHER PRINCIPAL PROCEEDS							0.00
				OTHER INTEREST PROCEEDS		0.00				TOTAL UNSCHEDULED PRINCIPAL											1,053,323.73
				TOTAL		0.00				REMITTANCE PRINCIPAL							1,335,313.16

				LESS FEE PAID TO SERVICER		(18,238.57)					REMITTANCE P&I DUE TRUST								3,245,221.70
				LESS FEE STRIPS PAID BY SERVICER		0.00
											REMITTANCE P&I DUE CERTS							3,245,221.70
				LESS FEES & EXPENSES PAID BY/TO SERVICER																											PPIS SUMMARY
				SPECIAL SERVICING FEES			0.00						POOL BALANCE SUMMARY
				WORKOUT FEES		0.00										BALANCE								COUNT			GROSS PPIS									0.00
				LIQUIDATION FEES		0.00
										BEGINNING POOL				363,556,113.65									657				REDUCED BY PPIE									0.00
				INTEREST DUE SERV ON ADVANCES		0.00				SCHEDULED PRINCIPAL				281,989.43													REDUCED BY SHORTFALLS IN FEES									0.00
				NON RECOVERABLE ADVANCES		0.00				UNSCHEDULED PRINCIPAL				1,053,323.73								0					REDUCED BY OTHER AMOUNTS									0.00
				MISC. FEES & EXPENSES		0.00				DEFERRED INTEREST				0.00
										LIQUIDATIONS				0.00								0					PPIS REDUCING SCHEDULED INTEREST									0.00
																									PPIS REDUCING SERVICING FEE									0.00
				TOTAL UNSCHEDULED FEES & EXPENSES		0.00				REPURCHASES				0.00								0
				TOTAL INTEREST DUE TRUST		1,909,908.54				ENDING POOL					362,220,800.49							655						PPIS DUE CERTIFICATE									0.00
				LESS FEES & EXPENSES PAID BY/TO TRUST																										ADVANCE SUMMARY (ADVANCE MADE BY SERVICER)
																									PRINCIPAL			INTEREST
				TRUSTEE FEE		0.00
				FEE STRIPS		0.00																							PRIOR OUTSTANDING					0.00							0.00
				MISC. FEES		0.00
				INTEREST RESERVE WITHHOLDING		0.00																							PLUS CURRENT PERIOD					213,602.80					1,451,777.24
				PLUS INTEREST RESERVE DEPOSIT		0.00																							LESS RECOVERED					0.00						0.00
				TOTAL				0.00																					LESS NON RECOVERED					0.00						0.00
																									ENDING OUTSTANDING			213,602.80							1,451,777.24
				TOTAL INTEREST DUE CERTS		1,909,908.54


		04/23/2003 - 11:23 (K303,K546-K559) 2003 LASALLE BANK N.A.																																				PAGE 4 OF 11

PURSUANT TO SECTION 13 OR 15(d) OF THE





	ABN AMRO

	LASALLE BANK		N.A.

					*STRUCTURED ASSET SECURITIES CORPORATION*

															*MORTGAGE PASS-THROUGH CERTIFICATES*																																	STATEMENT DATE:					04/25/2003
																																																PAYMENT DATE:					04/25/2003
															*SERIES 2003-10*
																																																PRIOR PAYMENT:						N/A
																																		NEXT PAYMENT:										05/27/2003
																																		RECORD DATE:											03/31/2003


															*ABN AMRO ACCT: 67-9190-60-3*
															*BOND INTEREST RECONCILIATION*


																							DEDUCTIONS																			ADDITIONS
																																		REMAINING
													ACCRUAL						PASS									ACCRUED
DEFERRED &

						PRIOR					INT ACCRUAL					PREPAY-						OTHER			DISTRIBUTABLE							INTEREST	CURRENT PERIOD						OUTSTANDING
																																		CREDIT SUPPORT
													THRU							CERTIFICATE								ALLOCABLE				ACCRETION					INTEREST		INT. SHORT-					ON PRIOR			MENT						INTEREST			CERTIFICATE			PAYMENT		(SHORTFALL)/	INTEREST
			CLASS			METHOD DAYS								RATE					INTEREST								PPIS				INTEREST					LOSS/EXP					FALLS DUE			SHORTFALL (3)					PENALTIES	PROCEEDS (1)
INTEREST (2)

				AMOUNT				RECOVERY				SHORTFALLS			ORIGINAL						CURRENT(4)

		A					30/360		30	6.000000000%								1,732,375.00								0.00				0.00					0.00					0.00			0.00					0.00			0.00				1,732,375.00			1,732,375.00		0.00		0.00	4.50%	4.51%
		AP					30/360		30	0.000000000%								0.00								0.00				0.00					0.00					0.00			0.00					0.00			0.00				0.00			0.00		0.00		0.00	4.50%	4.51%
		AX					30/360		30	6.000000000%								95,731.34								0.00				0.00					0.00					0.00			0.00					0.00			0.00				95,731.34			95,731.34		0.00		0.00	4.50%	4.51%
		B1					30/360		30	6.000000000%								45,440.00								0.00				0.00					0.00					0.00			0.00					0.00			0.00				45,440.00			45,440.00		0.00		0.00	2.00%	2.01%
		B2					30/360		30	6.000000000%								13,630.00								0.00				0.00					0.00					0.00			0.00					0.00			0.00				13,630.00			13,630.00		0.00		0.00	1.25%	1.25%
		B3					30/360		30	6.000000000%								9,085.00								0.00				0.00					0.00					0.00			0.00					0.00			0.00				9,085.00			9,085.00		0.00		0.00	0.75%	0.75%
		B4					30/360		30	6.000000000%								5,450.00								0.00				0.00					0.00					0.00			0.00					0.00			0.00				5,450.00			5,450.00		0.00		0.00	0.45%	0.45%
		B5					30/360		30	6.000000000%								3,635.00								0.00				0.00					0.00					0.00			0.00					0.00			0.00				3,635.00			3,635.00		0.00		0.00	0.25%	0.25%
		B6					30/360		30	6.000000000%								4,561.70								0.00				0.00					0.00					0.00			0.00					0.00			0.00				4,561.70			4,561.70		0.00		0.00	0.00%	0.00%
		R					30/360		30	6.000000000%								0.50								0.00				0.00					0.00					0.00			0.00					0.00			0.00				0.50			0.51		0.00		0.00	4.50%	4.51%
		E					30/360		30	0.000000000%								0.00								0.00				0.00					0.00					0.00			0.00					0.00			0.00				0.00			0.00		0.00		0.00	NA	NA
		P					30/360		30	0.000000000%								0.00								0.00				0.00					0.00					0.00			0.00					0.00			0.00				0.00			0.00		0.00		0.00	NA	NA
																	1,909,908.54							0.00					0.00						0.00			0.00					0.00			0.00						0.00			1,909,908.54		1,909,908.55			0.00		0.00

	(1) OTHER INTEREST PROCEEDS ARE ADDITIONAL INTEREST AMOUNTS SPECIFICALLY ALLOCATED TO THE BOND(S) AND USED IN DETERMINING THE BONDS DISTRIBUTABLE INTEREST.
	(2) ACCRUED - DEDUCTIONS + ADDITIONS INTEREST
	(3) INCLUDES INTEREST ACCRUED ON OUTSTANDING INTEREST SHORTFALLS AND/OR LOSS ALLOCATIONS. WHERE APPLICABLE.
	(4) DETERMINED AS FOLLOWS: (A) THE ENDING BALANCE OF ALL THE CLASSES LESS (B) THE SUM OF (I) THE ENDING BALANCE OF THE CLASS AND (II) THE ENDING BALANCE OF ALL CLASSES WHICH ARE NOT SUBORDINATE TO THE CLASS DIVIDED BY (A).
																																		PAGE 5 OF 11
	04/23/2003 - 11:23 (K303,K546-K559) 2003 LASALLE BANK N.A.

SECURITIES AND EXCHANGE ACT OF 1934

ABN AMRO

LASALLE BANK

N.A.

STRUCTURED ASSET SECURITIES CORPORATION

MORTGAGE PASS-THROUGH CERTIFICATES

STATEMENT DATE:

04/25/2003

SERIES 2003-10

PAYMENT DATE:

04/25/2003

PRIOR PAYMENT:

N/A

NEXT PAYMENT:

05/27/2003

RECORD DATE:

03/31/2003

ABN AMRO ACCT: 67-9190-60-3

OTHER RELATED INFORMATION

SPECIAL HAZARD COVERAGE

FRAUD LOSS COVERAGE

BANKRUPTCY LOSS COVERAGE

BEGINNING

BALANCE

CURRENT

REDUCTION

ENDING

BALANCE

BEGINNING

BALANCE

CURRENT

REDUCTION

ENDING

BALANCE

BEGINNING

BALANCE

CURRENT

REDUCTION

ENDING

BALANCE

9,702,448.00

0.00

9,702,448.00

7,271,122.00

0.00

7,271,122.00

100,000.00

0.00

100,000.00

TOTAL

NUMBER OF PAYOFFS:

AGGREGATE PAYOFF AMOUNTS:

0.00

NUMBER OF CURTAILMENTS:

AGGREGATE CURTAILMENT AMOUNTS:

1,053,323.73

NUMBER OF LOANS IN FORECLOSURE:

BOOK VALUE OF LOANS IN FORECLOSURE:

0.00

PRIOR REALIZED LOSSES ALLOCATED TO THE CERTIFICATES:

0.00

CURRENT REALIZED LOSSES ALLOCATED TO THE CERTIFICATES:

0.00

CUMULATIVE REALIZED LOSSES ALLOCATED TO THE CERTIFICATES SINCE CUTOFF:

0.00

04/23/2003 - 11:23 (K303,K546-K559) 2003 LASALLE BANK N.A.

PAGE 6 OF 11

Date of Report (Date of earliest event reported)





		ABN AMRO

		LASALLE BANK		N.A.
		*STRUCTURED ASSET SECURITIES CORPORATION*

																																	STATEMENT DATE:							04/25/2003
												*MORTGAGE PASS-THROUGH CERTIFICATES*																															PAYMENT DATE:							04/25/2003
																																											*SERIES 2003-10*
												PRIOR PAYMENT:									N/A
																																	NEXT PAYMENT:								05/27/2003
																																	RECORD DATE:									03/31/2003

												*ABN AMRO ACCT: 67-9190-60-3*

												*ASSET-BACKED FACTS ~ 15 MONTH HISTORICAL LOAN STATUS SUMMARY*



											DELINQUENCY AGING CATEGORIES																									SPECIAL EVENT CATEGORIES (1)


DISTRIBUTION
DATE
DELINQ 1 MONTH								DELINQ 2 MONTHS					DELINQ 3+ MONTHS					FORECLOSURE							REO				MODIFICATIONS									SPECIALLY SERVICED						BANKRUPTCY
	# BALANCE								# BALANCE					# BALANCE					# BALANCE						# BALANCE							# BALANCE							# BALANCE							# BALANCE


					04/25/03		0		0						0	0				0		0			0	0				0	0			0			0				0		0					0			0
						0.00%				0.00%			0.00%				0.00%			0.00%			0.00%	0.00%			0.00%	0.00%				0.00%			0.00%			0.00%			0.00%				0.00%				0.00%			0.00%
			(1) NOTE: MODIFICATION, SPECIALLY SERVICED & BANKRUPTCY TOTALS ARE INCLUDED IN THE APPROPRIATE DELINQUENCY AGING CATEGORY
				04/23/2003 - 11:23 (K303,K546-K559) 2003 LASALLE BANK N.A.																																											PAGE 7 OF 11

March 28, 2003

ABN AMRO

LASALLE BANK

N.A.

STRUCTURED ASSET SECURITIES CORPORATION

MORTGAGE PASS-THROUGH CERTIFICATES

STATEMENT DATE:

04/25/2003

PAYMENT DATE:

04/25/2003

SERIES 2003-10

PRIOR PAYMENT:

N/A

NEXT PAYMENT:

05/27/2003

RECORD DATE:

03/31/2003

ABN AMRO ACCT: 67-9190-60-3

ASSET-BACKED FACTS ~ 15 MONTH HISTORICAL PAYOFF/LOSS SUMMARY

ENDING POOL (1)

PAYOFFS(2)

PENALTIES

APPRAISAL REDUCT. (2)

LIQUIDATIONS (2)

REALIZED LOSSES (2)

REMAINING TERM

CURR WEIGHTED AVG.

DISTRIBUTION

DATE

# BALANCE

# AMOUNT

# BALANCE

# AMOUNT

LIFE

AMORT

COUPON REMIT

04/25/03

655

362,220,800

355

357

6.55%

6.30%

99.70%

99.63%

0.00%

(1) PERCENTAGE BASED ON POOL AS OF CUTOFF. (2) PERCENTAGE BASED ON POOL AS OF BEGINNING OF PERIOD.

PAGE 8 OF 11

04/23/2003 - 11:23 (K303,K546-K559) 2003 LASALLE BANK N.A.

STRUCTURED ASSET SECURITIES CORPORATION (as Depositor under the Trust Agreement, dated as of March 1, 2003, providing for the issuance of Mortgage Pass-Through Certificates, Series 2003-10)

ABN AMRO

LASALLE BANK

N.A.

STRUCTURED ASSET SECURITIES CORPORATION

STATEMENT DATE:

04/25/2003

MORTGAGE PASS-THROUGH CERTIFICATES

PAYMENT DATE:

04/25/2003

SERIES 2003-10

PRIOR PAYMENT:

N/A

NEXT PAYMENT:

05/27/2003

RECORD DATE:

03/31/2003

ABN AMRO ACCT: 67-9190-60-3

MODIFIED LOAN DETAIL

CUTOFF

MATURITY

DATE

MODIFIED

MATURITY

DATE

DISCLOSURE

CONTROL #

MODIFICATION

DATE

MODIFICATION

DESCRIPTION

04/23/2003 - 11:23 (K303,K546-K559) 2003 LASALLE BANK N.A.

PAGE 9 OF 11

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

ABN AMRO

LASALLE BANK

N.A.

STRUCTURED ASSET SECURITIES CORPORATION

STATEMENT DATE:

04/25/2003

MORTGAGE PASS-THROUGH CERTIFICATES

PAYMENT DATE:

04/25/2003

SERIES 2003-10

PRIOR PAYMENT:

N/A

NEXT PAYMENT:

05/27/2003

RECORD DATE:

03/31/2003

ABN AMRO ACCT: 67-9190-60-3

REALIZED LOSS DETAIL

BEGINNING

SCHEDULED

BALANCE

GROSS PROCEEDS

AS A % OF

SCHED. BALANCE

AGGREGATE

LIQUIDATION

EXPENSES *

NET

LIQUIDATION

PROCEEDS

NET PROCEEDS

AS A % OF

SCHED. BALANCE

PERIOD

DISCLOSURE

CONTROL #

APPRAISAL

DATE

APPRAISAL

VALUE

GROSS

PROCEEDS

REALIZED

LOSS

CURRENT TOTAL

CUMULATIVE

* AGGREGATE LIQUIDATION EXPENSES ALSO INCLUDE OUTSTANDING P&I ADVANCES AND UNPAID SERVICING FEES, UNPAID TRUSTEE FEES, ETC..

04/23/2003 - 11:23 (K303,K546-K559) 2003 LASALLE BANK N.A.

PAGE 10 OF 11

Delaware

333-102489

74-2440850

ABN AMRO

(State or Other Jurisdiction Of Incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

LASALLE BANK

N.A.

STRUCTURED ASSET SECURITIES CORPORATION

MORTGAGE PASS-THROUGH CERTIFICATES

STATEMENT DATE:

04/25/2003

PAYMENT DATE:

04/25/2003

SERIES 2003-10

PRIOR PAYMENT:

N/A

NEXT PAYMENT:

05/27/2003

RECORD DATE:

03/31/2003

ABN AMRO ACCT: 67-9190-60-3

HISTORICAL COLLATERAL LEVEL REO REPORT

RECENT

APPRAISAL

VALUE

APPRAISAL

REDUCTION

AMOUNT

DISCLOSURE

CONTROL #

REO

DATE

CITY

STATE

PROPERTY

TYPE

ACTUAL

BALANCE

SCHEDULED

BALANCE

DATE

LIQUIDATED

LIQUIDATION

PROCEEDS

LIQUIDATION

EXPENSES

REALIZED

LOSS

PAGE 11 OF 11

04/23/2003 - 11:23 (K303,K546-K559) 2003 LASALLE BANK N.A.

745 Seventh Avenue, 7th Floor New York, NY		10019
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: (212) 526-7000

No Change

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

Item 5. Other Events

The Registrant registered issuances of 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. 333-102489) (the “Registration Statement”). Pursuant to the Registration Statement, the Registrant issued $360,826,773 in aggregate principal amount of Class A, Class AP, Class AX, Class B1, Class B2, Class B3, Class B4, Class B5, Class B6, Class E, Class P and Class R, Structured Asset Securities Corporation Mortgage Pass-Through Certificates, Series 2003-10 on March 28, 2003. This Current Report on Form 8-K is being filed to satisfy an undertaking, contained in the definitive Prospectus dated March 20, 2003, as supplemented by the Prospectus Supplement dated March 20, 2003 (the “Prospectus Supplement”), to file a copy of the Trust Agreement (as defined below) and other operative agreements 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 March 1, 2003, among Structured Asset Securities Corporation, as depositor, LaSalle Bank National Association, as trustee, and Aurora Loan Services Inc., as master servicer. The “Certificates” consist of the following classes: Class A, Class AP, Class AX, Class B1, Class B2, Class B3, Class B4, Class B5, Class B6, Class E, Class P and Class R. The Certificates evidence all of the beneficial ownership interest in a trust fund (the “Trust Fund”), the assets of which consist primarily of one pool of certain fixed rate, conventional, fully amortizing, first lien, residential mortgage loans (the “Mortgage Loans”) with an aggregate outstanding principal balance of $363,556,113.65 as of March 1, 2003, together with certain other assets. Capitalized terms used herein and not otherwise defined shall have the meanings assigned to them in the Trust Agreement.

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

(a)

Not applicable.

(b)

Not applicable.

(c)

Exhibits:

1.1

Terms Agreement dated March 20, 2003, between Structured Asset Securities Corporation, as Depositor, and Lehman Brothers Inc., as the Underwriter.

4.1

Trust Agreement dated as of March 1, 2003, among Structured Asset Securities Corporation, as Depositor, LaSalle Bank National Association, as Trustee, and Aurora Loan Services Inc., as Master Servicer.

99.1

Mortgage Loan Sale and Assignment Agreement dated as of March 1, 2003, 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 March 1, 2003, between Lehman Brothers Bank, FSB, as Seller, and Structured Asset Securities Corporation, as Purchaser.

99.3

Servicing Agreement, dated as of March 1, 2003, 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.

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

Name:

Ellen V. Kiernan

Title:

Senior Vice President

Dated: March 28, 2003

EXHIBIT INDEX

Exhibit No.

Description

1.1

Terms Agreement dated March 20, 2003 between Structured Asset Securities Corporation, as Depositor, and Lehman Brothers Inc., as the Underwriter.

4.1

99.1

99.2

Mortgage Loan Sale and Assignment Agreement dated as of March 1, 2003, between Lehman Brothers Bank, FSB, as Seller, and Structured Asset Securities Corporation, as Purchaser.

99.3

Filing Compare · STRUCTURED ASSET SEC CORP MORT PASS THR CERTS SER 2003 10