		Structured Asset Investment Loan Trust						Contact:
		Mortgage Pass-Through Certificates, Series 2005-HE3						James H. Byrnes
								Account Administrator
								(617) 603-6442
		REPORTS TO CERTIFICATEHOLDERS						james.byrnes@usbank.com
		Section 4.03 of the Trust Agreement, dated August 1, 2005

Distribution Date:

26-Sep-05

	Original	Beginning				Interest		Ending
	Certificate	Certificate	Principal	Interest	Realized Loss	Shortfall	Total	Certificate
Class	Face Value	Balance	Distribution	Distribution	of Principal	Amount	Distribution	Balance
A1	$485,067,000.00	$485,067,000.00	$18,734,294.11	$1,617,428.96	N/A	$0.00	$20,351,723.07	$466,332,705.89
A2	$225,169,000.00	$225,169,000.00	$0.00	$778,834.55	N/A	$0.00	$778,834.55	$225,169,000.00
A3	$688,220,000.00	$688,220,000.00	$24,954,564.40	$2,300,948.87	N/A	$0.00	$27,255,513.27	$663,265,435.60
A4	$319,409,000.00	$319,409,000.00	$0.00	$1,104,800.24	N/A	$0.00	$1,104,800.24	$319,409,000.00
A5	$221,021,000.00	$221,021,000.00	$0.00	$786,098.02	N/A	$0.00	$786,098.02	$221,021,000.00
M1	$100,737,000.00	$100,737,000.00	$0.00	$369,033.21	$0.00	$0.00	$369,033.21	$100,737,000.00
M2	$63,997,000.00	$63,997,000.00	$0.00	$235,011.21	$0.00	$0.00	$235,011.21	$63,997,000.00
M3	$52,146,000.00	$52,146,000.00	$0.00	$193,345.78	$0.00	$0.00	$193,345.78	$52,146,000.00
M4	$28,443,000.00	$28,443,000.00	$0.00	$107,988.59	$0.00	$0.00	$107,988.59	$28,443,000.00
M5	$24,888,000.00	$24,888,000.00	$0.00	$95,155.12	$0.00	$0.00	$95,155.12	$24,888,000.00
M6	$22,518,000.00	$22,518,000.00	$0.00	$87,494.94	$0.00	$0.00	$87,494.94	$22,518,000.00
M7	$20,147,000.00	$20,147,000.00	$0.00	$86,699.26	$0.00	$0.00	$86,699.26	$20,147,000.00
M8	$20,147,000.00	$20,147,000.00	$0.00	$90,280.95	$0.00	$0.00	$90,280.95	$20,147,000.00
M9	$18,962,000.00	$18,962,000.00	$0.00	$91,712.87	$0.00	$0.00	$91,712.87	$18,962,000.00
M10	$14,222,000.00	$14,222,000.00	$0.00	$77,636.32	$0.00	$0.00	$77,636.32	$14,222,000.00
M11	$21,332,000.00	$21,332,000.00	$0.00	$116,449.02	$0.00	$0.00	$116,449.02	$21,332,000.00
B1	$14,222,000.00	$14,222,000.00	$0.00	$77,636.32	$0.00	$0.00	$77,636.32	$14,222,000.00
B2	$17,777,000.00	$17,777,000.00	$0.00	$97,042.67	$0.00	$0.00	$97,042.67	$17,777,000.00
X	$11,853,246.68	$11,853,246.68	$0.00	$3,807,275.96	N/A	$0.00	$3,807,275.96	$11,853,246.68
P	$100.00	$100.00	$0.00	$532,367.88	N/A	$0.00	$532,367.88	$100.00
R	$0.00	$0.00	$0.00	$0.00	N/A	$0.00	$0.00	$0.00
Total	$2,370,277,346.68	$2,370,277,346.68	$43,688,858.51	$12,653,240.74	$0.00	$0.00	$56,342,099.25	$2,326,588,488.17
A5(1)	$91,349,000.00	$91,349,000.00	$0.00	$324,897.94	$0.00	$0.00	$324,897.94	$91,349,000.00
A5(2)	$129,672,000.00	$129,672,000.00	$0.00	$461,200.08	$0.00	$0.00	$461,200.08	$129,672,000.00

AMOUNTS PER $1,000 UNIT
					Interest		Ending	Certificate
		Principal	Interest	Realized Loss	Shortfall	Total	Certificate	Interest
Class	Cusip	Distribution	Distribution	of Principal	Amount	Distribution	Balance	Rate
A1	86358EWS1	$38.62207512	$3.33444444	N/A	$0.00000000	$41.95651955	$961.37792488	3.75125%
A2	86358EWT9	$0.00000000	$3.45888888	N/A	$0.00000000	$3.45888888	$1,000.00000000	3.89125%
A3	86358EWU6	$36.25957455	$3.34333334	N/A	$0.00000000	$39.60290789	$963.74042545	3.76125%
A4	86358EWV4	$0.00000000	$3.45888889	N/A	$0.00000000	$3.45888889	$1,000.00000000	3.89125%
A5	86358EWW2	$0.00000000	$3.55666665	N/A	$0.00000000	$3.55666665	$1,000.00000000	4.00125%
M1	86358EWX0	$0.00000000	$3.66333333	$0.00000000	$0.00000000	$3.66333333	$1,000.00000000	4.12125%
M2	86358EWY8	$0.00000000	$3.67222229	$0.00000000	$0.00000000	$3.67222229	$1,000.00000000	4.13125%
M3	86358EWZ5	$0.00000000	$3.70777778	$0.00000000	$0.00000000	$3.70777778	$1,000.00000000	4.17125%
M4	86358EXA9	$0.00000000	$3.79666667	$0.00000000	$0.00000000	$3.79666667	$1,000.00000000	4.27125%
M5	86358EXB7	$0.00000000	$3.82333333	$0.00000000	$0.00000000	$3.82333333	$1,000.00000000	4.30125%
M6	86358EXC5	$0.00000000	$3.88555556	$0.00000000	$0.00000000	$3.88555556	$1,000.00000000	4.37125%
M7	86358EXD3	$0.00000000	$4.30333350	$0.00000000	$0.00000000	$4.30333350	$1,000.00000000	4.84125%
M8	86358EXE1	$0.00000000	$4.48111133	$0.00000000	$0.00000000	$4.48111133	$1,000.00000000	5.04125%
M9	86358EXF8	$0.00000000	$4.83666649	$0.00000000	$0.00000000	$4.83666649	$1,000.00000000	5.44125%
M10	86358EXG6	$0.00000000	$5.45888905	$0.00000000	$0.00000000	$5.45888905	$1,000.00000000	5.76322%
M11	86358EXK7	$0.00000000	$5.45888899	$0.00000000	$0.00000000	$5.45888899	$1,000.00000000	5.76322%
B1	86358EXH4	$0.00000000	$5.45888905	$0.00000000	$0.00000000	$5.45888905	$1,000.00000000	5.76322%
B2	86358EXJ0	$0.00000000	$5.45888901	$0.00000000	$0.00000000	$5.45888901	$1,000.00000000	5.76322%
X	N/A	$0.00000000	$321.20110741	N/A	$0.00000000	$321.20110741	$1,000.00000000	1.92751%
							LIBOR	3.64125%

Page 1

			Structured Asset Investment Loan Trust						Contact:
			Mortgage Pass-Through Certificates, Series 2005-HE3						James H. Byrnes
									Account Administrator
									(617) 603-6442
			REPORTS TO CERTIFICATEHOLDERS						james.byrnes@usbank.com
			Section 4.03 of the Trust Agreement, dated August 1, 2005

Distribution Date:

26-Sep-05

		GROUP 1	GROUP 2	TOTAL
(i), (v), (xv)	Principal Distributions & Pool Balance:
(xviii)	Beginning Balance	979,933,740.52	1,390,343,606.16	2,370,277,346.68
	Scheduled Principal	496,602.88	697,392.19	1,193,995.07
	Prepayments (Includes Curtailments)	18,237,691.23	24,257,172.21	42,494,863.44
	Net Liquidation Proceeds	0.00	0.00	0.00
	Repurchases	0.00	0.00	0.00
	LPMI Insurance Proceeds	0.00	0.00	0.00
	Total Principal Remittance	18,734,294.11	24,954,564.40	43,688,858.51
	Net Realized Losses	0.00	0.00	0.00
	Negative Amortization	0.00	0.00	0.00
	Ending Balance	961,199,446.41	1,365,389,041.76	2,326,588,488.17
	Ending Count	5,297	6,718	12,015

(v)

Aggregate Pool Balance

961,199,446.41

1,365,389,041.76

2,326,588,488.17

	(xii)	Balance of Deleted Mortgage Loans						0.00
		Balance of Substituted Mortgage Loans						0.00

(iv), (xvii)	Ending Overcollateralization Amount	11,853,346.68
	Target Overcollateralization Amount	11,853,346.68
	Overcollateralization Deficiency Amount	0.00

(ix), (xv)	Interest Distributions & Fees:
	Scheduled Interest	5,921,116.69	8,422,633.60	14,343,750.29
	Less: Servicing Fee	408,305.92	579,310.20	987,616.12
	Less: LPMI Fee	506,069.08	707,464.68	1,213,533.76
	Less: Credit Risk Manager Fee	8,982.73	12,744.82	21,727.55
	Less: Negative Amortization	0.00	0.00	0.00
	Net Interest Available	4,997,758.96	7,123,113.90	12,120,872.86

	(viii)	Realized Losses incurred during the related Due Period				0.00	0.00	0.00
		Cumulative Realized Losses since Cut-Off Date				0.00	0.00	0.00

(iv)	Amount of Advances required to be made by servicer	653,747.55
	Amount of Advances actually made by servicer	653,747.55
	Amount of Advance shortfall	0.00

(v), (x)

Delinquency Information & Mortgage Pool characteristics

	30-59 days delinquent		60-89 days delinquent		90 or more days delinquent
	Count	Balance	Count	Balance	Count	Balance
Group 1	54	8,581,321.69	18	2,783,861.58	0	0.00
Group 2	66	10,818,950.29	12	2,095,488.98	0	0.00
Total	120	19,400,271.98	30	4,879,350.56	0	0.00
*Note: The above statistics do not include loans in foreclosure or bankruptcy proceedings or REO properties.

	Outstanding Loans		Foreclosure		Bankruptcy		REO
	Count	Balance	Count	Balance	Count	Balance	Count	Balance
Group 1	5,297	961,199,446.41	0	0.00	0	0.00	0	0.00
Group 2	6,718	1,365,389,041.76	0	0.00	0	0.00	0	0.00
Total	12,015	2,326,588,488.17	0	0.00	0	0.00	0	0.00

		Current Delinquency Rate (60+days)						0.20972%
		Rolling Three Month Delinquency Rate (60+days)						0.20972%

		Weighted Average Term to Maturity of Mortgage Loans						349
		Weighted Average Gross Coupon of Mortgage Loans						7.26181%
		Weighted Average Net Coupon of Mortgage Loans *						6.14743%
		* Net of Servicing Fee, and LPMI

Page 2

		Structured Asset Investment Loan Trust						Contact:
		Mortgage Pass-Through Certificates, Series 2005-HE3						James H. Byrnes
								Account Administrator
								(617) 603-6442
		REPORTS TO CERTIFICATEHOLDERS						james.byrnes@usbank.com
		Section 4.03 of the Trust Agreement, dated August 1, 2005

Distribution Date:

26-Sep-05

(xi)

Balance of Loans which became REO in the prior calendar month

0.00

(vii)

Prepayment Premiums paid to Class P Certificate

532,367.88

(xiii)

Interest Shortfall

		Net Prepayment		Unpaid
	Carryforward	Interest	Basis Risk	Basis Risk
	Interest	Shortfall	Shortfall	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	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
M4	0.00	0.00	0.00	0.00
M5	0.00	0.00	0.00	0.00
M6	0.00	0.00	0.00	0.00
M7	0.00	0.00	0.00	0.00
M8	0.00	0.00	0.00	0.00
M9	0.00	0.00	0.00	0.00
M10	0.00	0.00	4,779.00	0.00
M11	0.00	0.00	7,168.16	0.00
B1	0.00	0.00	4,779.00	0.00
B2	0.00	0.00	5,973.58	0.00
TOTAL	0.00	0.00	22,699.74	0.00

(xvi)

Certificate Account Shortfalls

0.00

(xx)

Supplemental Interest Trust and Swap information:

	Net Swap Payment to the Supplemental Interest Trust						0.00
	Net Swap Payment to the Swap Counterparty						0.00

	Swap Termination Payment to the Supplemental Interest Trust						0.00
	Swap Termination Payment to the Swap Counterparty						0.00

(xxi)

Final Maturity Reserve Account information:

	Final Maturity Reserve Amount Deposit						0.00
	Final Maturity Reserve Account withdrawal upon termination						0.00

Page 3

Structured Asset Investment Loan Trust 2005-HE3 8-K