8-K 1 usbb36408252004.txt SASCO 2004-10 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 May 1, 2004, providing for the issuance of Mortgage Pass-Through Certificates, Series 2004-10 (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 2004-10, 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: Diana Kenneally Name: Diana Kenneally Title: Assistant Vice President Date: September 2, 2004 Report to Certificateholders - Payment Summary Date: August 25,2004 Int Int Int Beg Class Prin Class CUSIP Rate Type Class Princ Dist 1-A1 86359BSC6 0.05640 Variable 421,776,000 416,610,990.93 3,131,718.12 B1 86359BSD4 0.05640 Variable 9,011,000 8,992,503.72 9,331.90 B2 86359BSE2 0.05640 Variable 3,516,000 3,508,782.94 3,641.21 B3 86359BSF9 0.05640 Variable 1,758,000 1,754,391.48 1,820.61 B4 86359BSH5 0.05640 Variable 1,538,000 1,534,843.05 1,592.77 B5 86359BSJ1 0.05640 Variable 1,318,000 1,315,294.63 1,364.94 B6 86359BSK8 0.05640 Variable 662,385 661,025.37 685.97 R 86359BSG7 0.05640 Variable 100 0.00 0.00 P N/A N/A N/A N/A N/A N/A E N/A N/A N/A N/A N/A N/A 439,579,485 434,377,832.12 3,150,155.52

Payment Summary Interest Total Realized Ending Dist Dist Loss Balance 1,957,978.90 5,089,697.02 0.00 413,479,272.81 42,262.77 51,594.67 0.00 8,983,171.82 16,490.50 20,131.71 0.00 3,505,141.73 8,245.25 10,065.86 0.00 1,752,570.87 7,213.42 8,806.19 0.00 1,533,250.28 6,181.59 7,546.53 0.00 1,313,929.69 3,106.67 3,792.64 0.00 660,339.40 0.00 0.00 0.00 0.00 0.00 0.00 N/A N/A 0.00 0.00 N/A N/A 2,041,479.10 5,191,634.62 0.00 431,227,676.60 Distribution Amount Per $1,000 Beginning Principal Interest Realized Ending Class Certificate Fac Distribution Distribution Loss Bal 1-A1 987.75414184 7.42507 4.64222455 0.00000000 980.32906759 B1 997.94736654 1.03561 4.69013095 0.00000000 996.91175451 B2 997.94736671 1.03561 4.69013083 0.00000000 996.91175522 B3 997.94736956 1.03561 4.69013083 0.00000000 996.91175522 B4 997.94736724 1.03561 4.69013004 0.00000000 996.91175606 B5 997.94736415 1.03561 4.69012898 0.00000000 996.91174958 B6 997.94737775 1.03561 4.69012734 0.00000000 996.91177157 R 0.00000000 0.00000 0.00000000 0.00000000 0.00000000 P N/A N/A N/A N/A N/A E N/A N/A N/A N/A N/A Report to Certificateholders - Principal Detail Beginning Scheduled Princ Real Total Prin Loss Ending Cumulative Class Balance Principal Pre pay Losses Payable Rec Balance Realized Loss 1-A1 416610990.93 432334.79 2699383.33 0.00 3131718.12 0.00 413479272.81 0.00 B1 8992503.72 9331.90 0.00 0.00 9331.90 0.00 8983171.82 0.00 B2 3508782.94 3641.21 0.00 0.00 3641.21 0.00 3505141.73 0.00 B3 1754391.48 1820.61 0.00 0.00 1820.61 0.00 1752570.87 0.00 B4 1534843.05 1592.77 0.00 0.00 1592.77 0.00 1533250.28 0.00 B5 1315294.63 1364.94 0.00 0.00 1364.94 0.00 1313929.69 0.00 B6 661025.37 685.97 0.00 0.00 685.97 0.00 660339.40 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 434377832.12 450772.19 2699383.33 0.00 3150155.52 0.00 431227676.60 0.00

Report to Certificateholders - Interest Detail Accrued Interest Net PrePrey Reimburse Interest Cumulative Cumulative Class Cert Int Shtfl Int Shtfl of Prior Int Dist. Amou Prepay Sht fl Interest Sht fl 1-A1 1957978.90 0.00 0.00 0.00 1957978.90 0.00 0.00 B1 42262.77 0.00 0.00 0.00 42262.77 0.00 0.00 B2 16490.50 0.00 0.00 0.00 16490.50 0.00 0.00 B3 8245.25 0.00 0.00 0.00 8245.25 0.00 0.00 B4 7213.42 0.00 0.00 0.00 7213.42 0.00 0.00 B5 6181.59 0.00 0.00 0.00 6181.59 0.00 0.00 B6 3106.67 0.00 0.00 0.00 3106.67 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 P N/A N/A N/A N/A 0.00 N/A N/A E N/A N/A N/A N/A 0.00 N/A N/A 2041479.10 0.00 0.00 0.00 2041479.10 0.00 0.00 Mortgage Pool Realized Losses Collateral Losses Bankruptcy Losses Fraud Losses Special Hazard Losses Current Month Since Cutoff Current Loss Limit Current Loss Limit Current Loss Limit 0.00 0.00 0.00 100,000.00 0.00 8,791,589.00 0.00 4,312,276.77 Advance Information Aggregate Advances Required: N/A Aggregate Advances Made: 2,069,340.82 N/A Delinquency Statistics 1 Month 2 Months 3+ Months Foreclosure Bankruptcy REO Total # of Loans 21 2 0 0 4 0 27 Schedule Principal Balance 3,565,822.62 255,959.48 0.00 0.00 868,227.55 0.00 4,690,009.65 Report to Certificateholders Pool Beginning Aggregate Principal Balance 434,377,832.70 Scheduled Principal 450,772.19 Unscheduled Principal 2,699,383.33 Liquidation Proceeds 0.00 Insurance Proceeds 0.00 Ending Aggregate Principal Balance 431,227,677.18 Loan Count Beginning 2349 Payoffs 11 Ending 2338 Master Servicing and Servicing Fees: Master Servicing Fees 0.00 Other Servicing Fees 90,495.38 Loan Number Principal Balance Deleted Mortgage Loans Qualifying Substitute Mortgage Loans Original Certificate Ratings S&P Moody's Class Rating Rating 1-A1 AAA Aaa R AAA Aaa B1 AA N/A B2 A N/A B3 BBB N/A

Structured Asset Securities Corp Mortgage Pass-Through Certificates, Series 2004-10 8-K