8-K 1 usbb36108252004.txt SACO 2004-3 LIVE 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): August 25, 2004 (Date of earliest event reported) Structured Asset Securities Corporation (as Depositor under the Trust Agreement, dated as February 1, 2004, providing for the issuance of Mortgage Pass-Through Certificates, Series 2004-6XS (Exact name of registrant as specified in charter) Delaware 333-106925 (State or other jurisdiction of organization) (Commission File Number) 74-2440850 (IRS Employer 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 (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b)) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 8.01 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 2004-6XS, which was made on August 25, 2004 Item 9.01 Financial Statements and Exhibits. (c) Exhibits Exhibit No. Description 99.1 Monthly distribution report pursuant to Section 4.03 of the Trust Agreement for distribution on August 25, 2004 Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on behalf of the Registrant by the undersigned thereunto duly authorized. Us Bank, IN ITS CAPACITY AS TRUSTEE UNDER THE TRUST AGREEMENT ON BEHALF OF STRUCTURED ASSET SECURITIES CORPORATION, REGISTRANT By:/s/ Diana Kenneally Name: Diana Kenneally Title: Assistant Vice President Date: September 2, 2004 Report to Certificateholders Payment Summary for Payment Date: August 25, 2004 Pass-Thru Int Org Beg Prin Class CUSIP Rate Type Balance Balance Paid - ---------------------------------------------------------------------------------------------- A1A 86359BJN2 0.01620 Variable 66,500,000.00 45,221,925.16 4,170,935.97 A1B 86359BJP7 0.01870 Variable 30,000,000.00 20,400,868.49 1,881,625.25 A1C 86359BMA6 0.02850 Variable 26,617,000.00 18,100,330.56 1,669,440.64 A2 86359BJQ5 0.03210 Variable 37,875,000.00 37,875,000.00 0.00 A3 86359BJR3 0.04970 Variable 10,000,000.00 10,000,000.00 0.00 A4 86359BJS1 0.06000 Variable 56,347,000.00 56,347,000.00 0.00 A5A 86359BJT9 0.05530 Variable 17,000,000.00 17,000,000.00 0.00 A5B 86359BMB4 0.05550 Variable 36,863,000.00 36,863,000.00 0.00 A6 86359BJU6 0.04630 Variable 31,245,000.00 31,245,000.00 0.00 M1 86359BJV4 0.04920 Variable 7,448,000.00 7,448,000.00 0.00 M2 86359BJW2 0.05160 Variable 7,448,000.00 7,448,000.00 0.00 M3 86359BJX0 0.05650 Variable 3,310,000.00 3,310,000.00 0.00 P N/A 0.00000 N/A 0.00 0.00 0.00 X N/A 0.00000 N/A 0.00 0.00 0.00 R N/A 0.00000 N/A 0.00 0.00 0.00 * Reflects the application of Net Fund Cap Totals: 330,653,000.00 291,259,124.21 7,722,001.86

Interest Total Ending Paid Paid Balance 61,049.60 4,231,985.57 41,050,989.19 31,791.35 1,913,416.60 18,519,243.24 42,988.29 1,712,428.93 16,430,889.91 101,315.63 101,315.63 37,875,000.00 41,416.67 41,416.67 10,000,000.00 281,735.00 281,735.00 56,347,000.00 78,341.67 78,341.67 17,000,000.00 170,491.38 170,491.38 36,863,000.00 120,553.63 120,553.63 31,245,000.00 30,536.80 30,536.80 7,448,000.00 32,026.40 32,026.40 7,448,000.00 15,584.58 15,584.58 3,310,000.00 47,971.79 47,971.79 0.00 628,197.27 628,197.27 0.00 0.00 0.00 0.00 1,684,000.04 9,406,001.90 283,537,122.35 Distributions Per Certificate Beginning Principal Interest Ending Class Cert. Factor Distribution Distribution Cert. Factor A1A 0.68002895 62.72084 0.91803908 0.61730811 A1B 0.68002895 62.72084 1.05971178 0.61730811 A1C 0.68002895 62.72084 1.61506876 0.61730811 A2 1.00000000 0.00000 2.67500000 1.00000000 A3 1.00000000 0.00000 4.14166667 1.00000000 A4 1.00000000 0.00000 5.00000000 1.00000000 A5A 1.00000000 0.00000 4.60833333 1.00000000 A5B 1.00000000 0.00000 4.62500000 1.00000000 A6 1.00000000 0.00000 3.85833333 1.00000000 M1 1.00000000 0.00000 4.10000000 1.00000000 M2 1.00000000 0.00000 4.30000000 1.00000000 M3 1.00000000 0.00000 4.70833333 1.00000000 P N/A N/A N/A N/A X N/A N/A N/A N/A R N/A N/A N/A N/A represents net payment per certificate Report to Certificateholders Principal Detail Beginning Scheduled Unscheduled Ohter/Princ Total Prin Realized Ending Deferrede Class Balance Principal Principal Cash Adjus Dist Amount Losses Balance Amount A1A 45,221,925.16 103,210.32 4,067,725.65 0.00 4,170,935.97 0.00 41,050,989.19 0.00 A1B 20,400,868.49 46,561.04 1,835,064.20 0.00 1,881,625.25 0.00 18,519,243.24 0.00 A1C 18,100,330.56 41,310.51 1,628,130.13 0.00 1,669,440.64 0.00 16,430,889.91 0.00 A2 37,875,000.00 0.00 0.00 0.00 0.00 0.00 37,875,000.00 0.00 A3 10,000,000.00 0.00 0.00 0.00 0.00 0.00 10,000,000.00 0.00 A4 56,347,000.00 0.00 0.00 0.00 0.00 0.00 56,347,000.00 0.00 A5A 17,000,000.00 0.00 0.00 0.00 0.00 0.00 17,000,000.00 0.00 A5B 36,863,000.00 0.00 0.00 0.00 0.00 0.00 36,863,000.00 0.00 A6 31,245,000.00 0.00 0.00 0.00 0.00 0.00 31,245,000.00 0.00 M1 7,448,000.00 0.00 0.00 0.00 0.00 0.00 7,448,000.00 0.00 M2 7,448,000.00 0.00 0.00 0.00 0.00 0.00 7,448,000.00 0.00 M3 3,310,000.00 0.00 0.00 0.00 0.00 0.00 3,310,000.00 0.00 P 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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: 291,259,124.21 191,081.87 7,530,919.99 0.00 7,722,001.86 0.00 283,537,122.35 0.00 Cumulative Realized Losses 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

Interest Detail Accrued Deferred Preyment Current Int Prepayment Other Int Total Interest Cumulative Class Cert Int Int Int Shtfl Shtfl Premiums Adjustment Dist. Amount Interest Sht A1A 61,049.60 0.00 0.00 0.00 0.00 0.00 61,049.60 0.00 A1B 31,791.35 0.00 0.00 0.00 0.00 0.00 31,791.35 0.00 A1C 42,988.29 0.00 0.00 0.00 0.00 0.00 42,988.29 0.00 A2 101,315.63 0.00 0.00 0.00 0.00 0.00 101,315.63 0.00 A3 41,416.67 0.00 0.00 0.00 0.00 0.00 41,416.67 0.00 A4 281,735.00 0.00 0.00 0.00 0.00 0.00 281,735.00 0.00 A5A 78,341.67 0.00 0.00 0.00 0.00 0.00 78,341.67 0.00 A5B 170,491.38 0.00 0.00 0.00 0.00 0.00 170,491.38 0.00 A6 120,553.63 0.00 0.00 0.00 0.00 0.00 120,553.63 0.00 M1 30,536.80 0.00 0.00 0.00 0.00 0.00 30,536.80 0.00 M2 32,026.40 0.00 0.00 0.00 0.00 0.00 32,026.40 0.00 M3 15,584.58 0.00 0.00 0.00 0.00 0.00 15,584.58 0.00 P 0.00 0.00 0.00 0.00 47,971.79 0.00 47,971.79 0.00 X 628,196.78 0.00 0.00 0.00 0.00 0.49 628,197.27 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Totals:1,636,027.76 0.00 0.00 0.00 47,971.79 0.49 1,684,000.04 0.00 Cumulative Deferred Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 829,316.29 0.00 829,316.29

Report to Certificateholders Mortgage Loan Activity for related Payment Date: # of Mortgage Beginning Agg Sched Ending Agg Sched Interest Remittanc Loans Principal Balance Principal Balance Amount 1,302 292,417,561.21 284,695,559.35 1,638,792.48 Principal Remittance Amount 7,722,001.86 Substitution of Mortgage Loans Information Deleted Scheduled Qualifying Substitute Mortgage Loan Prin Balance Mortgage Loan N/A N/A N/A N/A N/A N/A Overcollateralization Information Target Overcollateralization Overcollateralization Amount 1,158,437.00 1,158,437.00 Aggregate OC Overcollateralization Release Amount Deficiency 0.00 0.00 Aggregate Delinquency information for related Payment Date: One Month Two Months 3 Months + Bankruptcy # of Loans 8 5 4 4 Agg Prin Balance 1,636,164.65 1,177,430.46 674,983.25 823,033.90 Foreclosures REO 0 0 0.00 0.00 Fees & Insurance Premium Information Master Servicing Fees 66,026.09 Cert. Insurance Premium 2,764.73 Advance Information Aggreg. Advances Required 1,478,371.22 Aggreg. Advances Made 1,478,371.22 0.00 Net Fund Cap Shortfalls Summary Payment to Cumulative Class Beg Shortfall Current Shortfall Shortfall Shortfall A1A 0.00 0.00 0.00 0.00 A1B 0.00 0.00 0.00 0.00 A1C 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 A5A 0.00 0.00 0.00 0.00 A5B 0.00 0.00 0.00 0.00 A6 0.00 0.00 0.00 0.00 M1 0.00 0.00 0.00 0.00 M2 0.00 0.00 0.00 0.00 M3 0.00 0.00 0.00 0.00 Totals: 0.00 0.00 0.00 0.00 Realized Losses Incurred from Mortgage Loans Summary Current Month Since Cutoff - - Payment from Cap Provider Class A1A Cert. Interest Rate & Libor Info Basis Risk Cap -Class A1A Interest Rate 0.01620 Class X Cap -Libor rate 0.01450

STRUCTURED ASSET SEC CORP MORT PASS THR CERTS SER 2004 6XS 8-K