8-K 1 usbb35408252003.txt 8-K 1 none CT.INFORMATION.DELIVERY@USBANK.COM 0001043308 wjugu75* 09/25/03 1 8-K Structured Asset Securities Corporation Mortgage Pass-Through Certificates Series 2003-25XS SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934 Date of Report: 09/25/03 (Date of earliest event reported) Structured Asset Securities Corporation Mortgage Pass-Through Certificates Series 2003-25XS (Exact name of registrant as specified in governing instruments) North Carolina (State or other Jurisdiction of Incorporation) c/o US Bank NA Corporate Trust Department 1 Federal Street, 3rd Floor Boston, MA 02110 (Address of Principal Executive Offices) (Zip Code) (704) 374-6828 (Registrant's telephone number, including area code) Commission File Number 333-102489-21 56-1643598 (I.R.S. Employer Identification No.) Not Applicable (Former name, former address and former fiscal year if changed since last report) Structured Asset Securities Corporation Mortgage Pass-Through Certificates Series 2003-25XS FORM 8-K INDEX ITEM DESCRIPTION PAGE NUMBER Item 5. Other Event 3 Item 7. Financial Statements and Exhibits 3 Signatures 3 Exhibit A Trustee's Report to Bondholders 4 Structured Asset Securities Corporation Mortgage Pass-Through Certificates Series 2003-25XS FORM 8-K ITEMS AND SIGNATURES ITEMS Item 5. Other Events See Exhibit A, the Trustee's Report to Bondholders attached hereto. Item 7. Financial Statements and Exhibits See Exhibit A, the Trustee's Report to Bondholders attached hereto. SIGNATURES Pursuant to the requirement of the Securities Exchange Act of 1934, the registrar 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 2003-25XS (Registrant) Date: 09/25/03 By: Name: Diana Kenneally Title: Assistant Vice President US Bank as Trustee Structured Asset Securities Corporation Mortgage Pass-Through Certificates Series 2003-25XS Report to Certificateholders for Payment Date: September 25, 2003 Payment Summary Pass-Thru Int Org Beg Prin Class CUSIP Rate Type Balance Balance Paid ---------------------------------------------------------------------------------------------- A1 86359AJ79 0.016500 Variable 75,552,000.00 71,673,131.4 3,913,972.38 A2 86359AJ87 2.6900000% Variable 56,650,000.00 56,650,000.0 0.00 A3 86359AJ95 3.4000000% Variable 25,921,000.00 25,921,000.0 0.00 A4 86359AK28 4.5100000% Variable 54,207,000.00 54,207,000.0 0.00 A5 86359AK36 5.2261615% Variable 20,928,000.00 20,928,000.0 0.00 A6 86359AK44 4.8200000% Variable 25,917,000.00 25,917,000.0 0.00 A-IO ** 86359AK51 5.0000000% Fixed 95,687,294.00 95,687,294.0 0.00 M1 86359AK69 1.8600000% Variable 8,065,000.00 8,065,000.00 0.00 M2 86359AK77 5.2261615% Variable 3,418,000.00 3,418,000.00 0.00 M3 86359AK85 5.2261615% Variable 2,734,000.00 2,734,000.00 0.00 P 0.0000000% 100.00 100.00 0.00 X 0.0000000% 171.14 0.00 0.00 R 0.0000000% 0.00 0.00 0.00 * Reflects the application of Net FundTotals: 273,392,271.14 269,513,231.47 3,913,972.38 ** Based on a Notional Balance

Interest Total Ending Paid Paid Balance 98,550.56 4,012,522.94 67,759,159.09 126,990.42 126,990.42 56,650,000.00 73,442.83 73,442.83 25,921,000.00 203,727.98 203,727.98 54,207,000.00 98,012.80 98,012.80 20,928,000.00 104,099.95 104,099.95 25,917,000.00 398,697.06 398,697.06 95,687,294.00 12,917.44 12,917.44 8,065,000.00 16,862.13 16,862.13 3,418,000.00 14,809.17 14,809.17 2,734,000.00 23,023.60 23,023.60 100.00 424,353.88 424,353.88 0.00 0.00 0.00 0.00 1,595,487.81 5,509,460.19 265,599,259.09 Distributions Per Certificate Beginning Principal Interest Ending Class Certificate Distribution Distribution Certificate Fac A1 0.9486596181 51.8050135006 1.3044069749 0.8968546046 A2 1.0000000000 0.0000000000 2.2416666667 1.0000000000 A3 1.0000000000 0.0000000000 2.8333333333 1.0000000000 A4 1.0000000000 0.0000000000 3.7583333333 1.0000000000 A5 1.0000000000 0.0000000000 4.6833333333 1.0000000000 A6 1.0000000000 0.0000000000 4.0166666667 1.0000000000 A-IO 1.0000000000 0.0000000000 4.1666666667 1.0000000000 M1 1.0000000000 0.0000000000 1.6016666667 1.0000000000 M2 1.0000000000 0.0000000000 4.9333333333 1.0000000000 M3 1.0000000000 0.0000000000 5.4166666667 1.0000000000 P 1.0000000000 0.0000000000 230,236.0000000000 1.0000000000 X N/A N/A N/A N/A R N/A N/A N/A N/A represents net payment per certificate Principal Detail Beginning Scheduled Unscheduled Ohter/Princ Total Prin Realized Ending Cumulative Class Balance Principal Principal Cash Adjus Dist Amount Losses Balance Realized Loss A1 71,673,131.47 197,673.08 3,716,299.30 0.00 3,913,972.3 80.00 7,759,159.09 0.00 A2 56,650,000.0 0.00 0.00 0.00 0.00 0.00 6,650,000.00 0.00 A3 25,921,000.0 0.00 0.00 0.00 0.00 0.00 5,921,000.00 0.00 A4 54,207,000.0 0.00 0.00 0.00 0.00 0.00 4,207,000.00 0.00 A5 20,928,000.0 0.00 0.00 0.00 0.00 0.00 0,928,000.00 0.00 A6 25,917,000.0 0.00 0.00 0.00 0.00 0.00 5,917,000.00 0.00 A-IO 95,687,294.0 0.00 0.00 0.00 0.00 0.00 5,687,294.00 0.00 M1 8,065,000.00 0.00 0.00 0.00 0.00 0.00 ,065,000.00 0.00 M2 3,418,000.00 0.00 0.00 0.00 0.00 0.00 ,418,000.00 0.00 M3 2,734,000.00 0.00 0.00 0.00 0.00 0.00 ,734,000.00 0.00 P 100.00 0.00 0.00 0.00 0.00 0.00 00.00 0.00 X 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Totals: 269,513,231.47 197,673.08 3,716,299.30. 0.00 3,913,972.38 0.00 265,599,259.00.000.00

Interest Detail Accrued Deferred Beg Unpaid Preyment Current Int Interest on Payments to Prepayments Class Cert Int Int Interest Int Shtfl Shtfl Unpaid Interest Int Shtfl Premiums A1 98,550.56 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A2 126,990.42 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A3 73,442.83 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A4 203,727.98 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A5 91,144.26 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A6 104,099.95 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A-IO 398,697.06 0.00 0.00 0.00 0.00 0.00 0.00 0.00 M1 12,917.44 0.00 0.00 0.00 0.00 0.00 0.00 0.00 M2 14,885.85 0.00 0.00 0.00 0.00 0.00 0.00 0.00 M3 11,906.94 0.00 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 0.00 23,023.60 X 436,100.93 11,747.05 0.00 0.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Totals:1,572,464.21 11,747.05 0.00 0.00 0.00 0.00 0.00 23,023.60 Other Int Total Int Cumulative Cumulative Int Dist Amount Unpaid Int Deferred Amount Sht Fl 0.00 98,550.56 0.00 0.00 0.00 126,990.42 0.00 0.00 0.00 73,442.83 0.00 0.00 0.00 203,727.98 0.00 0.00 0.00 98,012.80 0.00 0.00 0.00 104,099.95 0.00 0.00 0.00 398,697.06 0.00 0.00 0.00 12,917.44 0.00 0.00 0.00 16,862.13 0.00 0.00 0.00 14,809.17 0.00 0.00 0.00 23,023.60 0.00 0.00 0.00 424,353.88 0.00 23,011.46 0.00 0.00 0.00 0.00 0.00 1,595,487.81 0.00 23,011.46

Trustee Report to Certificateholders Mortgage Loan Activity for Related Payment Date: # of Mortgage Beg Agg Sta End Agg Sta Int Remit Prin Remit Agg Loans Princ Bal Princ Bal Amount Amount Overcolla Release Am 1,232 269,513,402.61 265,599,430.23 1,575,196.83 3,913,972.38 0.00 1 Mont 2 Months 3+ Months Bankrupy Foreclosures # of Loans 36 2 0 0 1 AggPrin Bal 7,474,339.95 167,941.04 0.00 0.00 3,86,788.61 REO Information Mortgage Sch Principal Loan # Balance N/A N/A N/A N/A Substitution of Mortgage Loans Information Deleted Mortgage LoanSch Prin Balance Qualifying Substitue Mortgage Loan N/A N/A N/A N/A N/A N/A Fees & Insurance Premium Information Master Servicing Fees 56,236,78 Cert. Insurance Premium 2,732.63 Advance Information Aggreg. Advances Requir 1,576,461.19 Aggreg. Advances Made 1,576,461.19 Net Fund Cap Shortfalls Summary Payment to Cumulative Class Beg Shortfall Current ShortfalShortfall Shortfall A1 0.00 0.00 0.00 0.00 A2 0.00 0.00 0.00 0.00 A3 0.00 0.00 0.00 0.00 A4 0.00 0.00 0.00 0.00 A5 0.00 6,868,.54 6,868.54 0.00 A6 0.00 0.00 0.00 0.00 M1 0.00 0.00 0.00 0.00 M2 0.00 1,976.28 1,976.28 0.00 M3 0.00 2,902.23 2,902.23 0.00 Totals: 0.00 11,747.05 11,747.05 0.00 Realized Losses Incurred from Mortgage Loans Summary Current Month Since Cutoff 0 0 Payment from Cap Provider Basis Risk Cap Class X Cap Class M1 Cert. Interest Rate & Libor Info Class M1 Interest Rat 0.0186 Libor Rate 0.0111

STRUCTURED ASSET SECURITIES CORP MO PA TH CE SER 2003-25XS 8-K