8-K 1 sai03bc6.txt AUGUST 8-K 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, 2003 STRUCTURED ASSET INVESTMENT LOAN TRUST Mortgage Pass-Through Certificates, Series 2003-BC6 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-102489-19 Pooling and Servicing Agreement) (Commission 54-2121801 (State or other File Number) 54-2121802 jurisdiction 54-2121803 of Incorporation) 54-2121804 IRS EIN c/o Wells Fargo Bank Minnesota, N.A., 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) ITEM 5. Other Events On August 25, 2003 a distribution was made to holders of STRUCTURED ASSET INVESTMENT LOAN TRUST, Mortgage Pass-Through Certificates, Series 2003-BC6 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-BC6 Trust, relating to the August 25, 2003 distribution. 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 INVESTMENT LOAN TRUST Mortgage Pass-Through Certificates, Series 2003-BC6 Trust By: Wells Fargo Bank Minnesota, N.A., as Securities Administrator By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 9/8/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-BC6 Trust, relating to the August 25, 2003 distribution. EX-99.1

~~SECURITIES~~Structured ~~AND~~Asset ~~EXCHANGE~~Investment ~~COMMISSION~~Loan Trust Mortgage Pass-Through Certificates Record Date: 7/31/03 Distribution Date: 8/25/03 SAIL Series: 2003-BC6 Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution 1A1 86358ECD6 SEN 1.24000% 219,810,000.00 234,708.23 4,463,582.55 1A2 86358ECE4 SEN 1.25000% 59,670,000.00 64,228.13 774,509.60 1A3 86358ECF1 SEN 1.91000% 206,029,000.00 327,929.49 0.00 2A 86358ECG9 SEN 1.87000% 204,801,000.00 319,148.23 2,473,223.55 3A1 86358ECH7 SEN 1.35000% 155,308,000.00 180,545.55 4,852,469.92 3A2 86358ECJ3 SEN 1.62000% 30,804,000.00 42,971.58 0.00 AIO 86358ECK0 IO 6.00000% 0.00 1,701,290.00 0.00 M1 86358ECL8 MEZ 1.85000% 59,287,000.00 94,447.48 0.00 M2 86358ECM6 MEZ 2.85000% 46,399,000.00 113,870.88 0.00 M3 86358ECN4 MEZ 3.25000% 12,889,000.00 36,071.30 0.00 M4 86358ECP9 MEZ 3.85000% 12,889,000.00 42,730.62 0.00 M5 86358ECQ7 MEZ 4.10000% 9,280,000.00 32,763.56 0.00 B 86358ECR5 SEN 4.10000% 7,217,000.00 25,480.02 0.00 X SAI03BC6X SEN 0.00000% 6,702,326.42 2,670,717.01 0.00 P SAI03BC6P SEN 0.00000% 100.00 159,174.84 0.00 R1 SAI03B6R1 SEN 0.00000% 0.00 0.00 0.00 R2 SAI03B6R2 SEN 0.00000% 0.00 0.00 0.00 R3 SAI03B6R3 SEN 0.00000% 0.00 0.00 0.00 R4 SAI03B6R4 SEN 0.00000% 0.00 0.00 0.00 Totals 1,031,085,426.42 6,046,076.92 12,563,785.62

~~Washington~~Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1A1 0.00 215,346,417.45 D4,698,290.C78 0. ~~20549~~00 1A2 0.00 58,895,490.40 838,737.73 0.00 1A3 0.00 206,029,000.00 327,929.49 0.00 2A 0.00 202,327,776.45 2,792,371.78 0.00 3A1 0.00 150,455,530.08 5,033,015.47 0.00 3A2 0.00 30,804,000.00 42,971.58 0.00 AIO 0.00 0.00 1,701,290.00 0.00 M1 0.00 59,287,000.00 94,447.48 0.00 M2 0.00 46,399,000.00 113,870.88 0.00 M3 0.00 12,889,000.00 36,071.30 0.00 M4 0.00 12,889,000.00 42,730.62 0.00 M5 0.00 9,280,000.00 32,763.56 0.00 B 0.00 7,217,000.00 25,480.02 0.00 X 0.00 6,702,326.42 2,670,717.01 0.00 P 0.00 100.00 159,174.84 0.00 R1 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 R3 0.00 0.00 0.00 0.00 R4 0.00 0.00 0.00 0.00 Totals 0.00 1,018,521,640.80 18,609,862.54 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

~~FORM~~Principal ~~8-K~~Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) 1A1 219,810,000.00 219,810,000.00 0.00 4,463,582.55 0.00 0.00 1A2 59,670,000.00 59,670,000.00 0.00 774,509.60 0.00 0.00 1A3 206,029,000.00 206,029,000.00 0.00 0.00 0.00 0.00 2A 204,801,000.00 204,801,000.00 0.00 2,473,223.55 0.00 0.00 3A1 155,308,000.00 155,308,000.00 0.00 4,852,469.92 0.00 0.00 3A2 30,804,000.00 30,804,000.00 0.00 0.00 0.00 0.00 AIO 0.00 0.00 0.00 0.00 0.00 0.00 M1 59,287,000.00 59,287,000.00 0.00 0.00 0.00 0.00 M2 46,399,000.00 46,399,000.00 0.00 0.00 0.00 0.00 M3 12,889,000.00 12,889,000.00 0.00 0.00 0.00 0.00 M4 12,889,000.00 12,889,000.00 0.00 0.00 0.00 0.00 M5 9,280,000.00 9,280,000.00 0.00 0.00 0.00 0.00 B 7,217,000.00 7,217,000.00 0.00 0.00 0.00 0.00 R1 0.00 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 0.00 R3 0.00 0.00 0.00 0.00 0.00 0.00 R4 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,024,383,000.00 1,024,383,000.00 0.00 12,563,785.62 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

~~CURRENT~~Principal ~~REPORT~~Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution 1A1 4,463,582.55 215,346,417.45 0.97969345 4,463,582.55 1A2 774,509.60 58,895,490.40 0.98702012 774,509.60 1A3 0.00 206,029,000.00 1.00000000 0.00 2A 2,473,223.55 202,327,776.45 0.98792377 2,473,223.55 3A1 4,852,469.92 150,455,530.08 0.96875583 4,852,469.92 3A2 0.00 30,804,000.00 1.00000000 0.00 AIO 0.00 0.00 0.00000000 0.00 M1 0.00 59,287,000.00 1.00000000 0.00 M2 0.00 46,399,000.00 1.00000000 0.00 M3 0.00 12,889,000.00 1.00000000 0.00 M4 0.00 12,889,000.00 1.00000000 0.00 M5 0.00 9,280,000.00 1.00000000 0.00 B 0.00 7,217,000.00 1.00000000 0.00 R1 0.00 0.00 0.00000000 0.00 R2 0.00 0.00 0.00000000 0.00 R3 0.00 0.00 0.00000000 0.00 R4 0.00 0.00 0.00000000 0.00 Totals 12,563,785.62 1,011,819,214.38 0.98773527 12,563,785.62

~~PURSUANT~~Principal TODistribution ~~SECTION~~Factors 13Statement OROriginal 15Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (d2) OFAmount ~~THE~~Balance Distribution Distribution Accretion 1A1 219,810,000.00 1000.00000000 0.00000000 20.30654907 0.00000000 1A2 59,670,000.00 1000.00000000 0.00000000 12.97988269 0.00000000 1A3 206,029,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2A 204,801,000.00 1000.00000000 0.00000000 12.07622790 0.00000000 3A1 155,308,000.00 1000.00000000 0.00000000 31.24417235 0.00000000 3A2 30,804,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 AIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M1 59,287,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 46,399,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 12,889,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 12,889,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M5 9,280,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 7,217,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 6,702,326.42 1000.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1.00000000 0.00000000 0.00000000 0.00000000 R1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R3 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R4 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are per $1,000 denomination.

~~SECURITIES~~Principal ~~AND~~Distribution ~~EXCHANGE~~Factors ~~ACT~~Statement OF(continued) ~~1934~~Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution 1A1 0.00000000 20.30654907 979.69345093 0.97969345 20.30654907 1A2 0.00000000 12.97988269 987.02011731 0.98702012 12.97988269 1A3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 2A 0.00000000 12.07622790 987.92377210 0.98792377 12.07622790 3A1 0.00000000 31.24417235 968.75582765 0.96875583 31.24417235 3A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 AIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 P 0.00000000 0.00000000 1.00000000 1.00000000 0.00000000 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

~~Date~~Interest ofDistribution ~~Report~~Statement ~~(Date~~Beginning Payment of ~~earliest~~Original ~~event~~Current ~~reported)~~Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall 1A1 219,810,000.00 1.24000% 219,810,000.00 234,708.23 0.00 0.00 1A2 59,670,000.00 1.25000% 59,670,000.00 64,228.13 0.00 0.00 1A3 206,029,000.00 1.91000% 206,029,000.00 327,929.49 0.00 0.00 2A 204,801,000.00 1.87000% 204,801,000.00 319,148.23 0.00 0.00 3A1 155,308,000.00 1.35000% 155,308,000.00 180,545.55 0.00 0.00 3A2 30,804,000.00 1.62000% 30,804,000.00 42,971.58 0.00 0.00 AIO 0.00 6.00000% 340,258,000.00 1,701,290.00 0.00 0.00 M1 59,287,000.00 1.85000% 59,287,000.00 94,447.48 0.00 0.00 M2 46,399,000.00 2.85000% 46,399,000.00 113,870.88 0.00 0.00 M3 12,889,000.00 3.25000% 12,889,000.00 36,071.30 0.00 0.00 M4 12,889,000.00 3.85000% 12,889,000.00 42,730.62 0.00 0.00 M5 9,280,000.00 4.10000% 9,280,000.00 32,763.56 0.00 0.00 B 7,217,000.00 4.10000% 7,217,000.00 25,480.02 0.00 0.00 X 6,702,326.42 0.00000% 6,702,326.42 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 R1 0.00 0.00000% 0.00 0.00 0.00 0.00 R2 0.00 0.00000% 0.00 0.00 0.00 0.00 R3 0.00 0.00000% 0.00 0.00 0.00 0.00 R4 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1,031,085,426.42 3,216,185.07 0.00 0.00

~~July~~Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance 1A1 0.00 0.00 234,708.23 0.00 215,346,417.45 1A2 0.00 0.00 64,228.13 0.00 58,895,490.40 1A3 0.00 0.00 327,929.49 0.00 206,029,000.00 2A 0.00 0.00 319,148.23 0.00 202,327,776.45 3A1 0.00 0.00 180,545.55 0.00 150,455,530.08 3A2 0.00 0.00 42,971.58 0.00 30,804,000.00 ~~2003~~AIO 0.00 0.00 1,701,290.00 0.00 340,258,000.00 M1 0.00 0.00 94,447.48 0.00 59,287,000.00 M2 0.00 0.00 113,870.88 0.00 46,399,000.00 M3 0.00 0.00 36,071.30 0.00 12,889,000.00 M4 0.00 0.00 42,730.62 0.00 12,889,000.00 M5 0.00 0.00 32,763.56 0.00 9,280,000.00 B 0.00 0.00 25,480.02 0.00 7,217,000.00 X 0.00 0.00 2,670,717.01 0.00 6,702,326.42 P 0.00 0.00 159,174.84 0.00 100.00 R1 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 R3 0.00 0.00 0.00 0.00 0.00 R4 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 6,046,076.92 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

~~STRUCTURED~~Interest ~~ASSET~~Distribution ~~SECURITIES~~Factors ~~CORPORATION~~Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (as5) ~~Depositor~~Amount ~~under~~Rate ~~the~~Balance ~~Trust~~Interest ~~Agreement~~Shortfall ~~dated~~Shortfall as1A1 of219,810,000.00 ~~July~~1.24000% 1000.00000000 1.06777776 0.00000000 0.00000000 1A2 59,670,000.00 ~~2003~~1.25000% 1000.00000000 1.07638897 0.00000000 0.00000000 1A3 206,029,000.00 ~~providing~~1.91000% ~~for~~1000.00000000 ~~the~~1.59166666 ~~issuance~~0.00000000 of0.00000000 ~~Structured~~2A ~~Asset~~204,801,000.00 ~~Investment~~1.87000% ~~Loan~~1000.00000000 ~~Trust~~1.55833336 ~~Mortgage~~0.00000000 ~~Pass-Through~~0.00000000 ~~Certificates~~3A1 155,308,000.00 ~~Series~~1.35000% ~~2003-BC6~~1000.00000000 1.16250000 0.00000000 0.00000000 3A2 30,804,000.00 1.62000% 1000.00000000 1.39500000 0.00000000 0.00000000 AIO 0.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 M1 59,287,000.00 1.85000% 1000.00000000 1.59305548 0.00000000 0.00000000 M2 46,399,000.00 2.85000% 1000.00000000 2.45416668 0.00000000 0.00000000 M3 12,889,000.00 3.25000% 1000.00000000 2.79861122 0.00000000 0.00000000 M4 12,889,000.00 3.85000% 1000.00000000 3.31527814 0.00000000 0.00000000 M5 9,280,000.00 4.10000% 1000.00000000 3.53055603 0.00000000 0.00000000 B 7,217,000.00 4.10000% 1000.00000000 3.53055563 0.00000000 0.00000000 X 6,702,326.42 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1.00000000 0.00000000 0.00000000 0.00000000 R1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R3 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R4 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1,000 denomination.

~~Structured~~Interest ~~Asset~~Distribution ~~Securities~~Factors ~~Corporation~~ Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance 1A1 0.00000000 0.00000000 1.06777776 0.00000000 979.69345093 1A2 0.00000000 0.00000000 1.07638897 0.00000000 987.02011731 1A3 0.00000000 0.00000000 1.59166666 0.00000000 1000.00000000 2A 0.00000000 0.00000000 1.55833336 0.00000000 987.92377210 3A1 0.00000000 0.00000000 1.16250000 0.00000000 968.75582765 3A2 0.00000000 0.00000000 1.39500000 0.00000000 1000.00000000 AIO 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000 M1 0.00000000 0.00000000 1.59305548 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.45416668 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.79861122 0.00000000 1000.00000000 M4 0.00000000 0.00000000 3.31527814 0.00000000 1000.00000000 M5 0.00000000 0.00000000 3.53055603 0.00000000 1000.00000000 B 0.00000000 0.00000000 3.53055563 0.00000000 1000.00000000 X 0.00000000 0.00000000 398.47611749 0.00000000 1000.00000000 P 0.00000000 0.00000000 1591.74840000 0.00000000 1.00000000 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 19,445,340.17 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (~~Exact~~Servicer ~~Name~~Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 19,445,340.17 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of ~~Registrant~~Service asFee ~~Specified~~835,477.63 inPayment ~~its~~of ~~Charter~~Interest and Principal 18,609,862.54 Total Withdrawals (Pool Distribution Amount) 19,445,340.17 Ending Balance 0.00

Delaware	333-102489	74-2440850
(State or Other Jurisdiction Of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

~~745~~SERVICING ~~Seventh~~FEES ~~Avenue~~Gross Servicing Fee 429,619.10 ~~7th~~Credit ~~Floor~~Risk ~~New~~Management ~~York~~Fee 12,888.57 ~~New~~PMI ~~York~~Insurance ~~(Address~~Premium ofFee ~~Principal~~388,672.96 ~~Executive~~Wells ~~Offices)~~Fargo ~~10019~~Bank ~~(Zip~~Minnesota, ~~Code)~~NA 4,297.00 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 835,477.63

~~Registrant’s~~OTHER ~~telephone~~ACCOUNTS ~~number~~Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 ~~including~~0.00 ~~area~~0.00 ~~code: (212)~~1,000.00 ~~526-7000~~Financial Guaranty 0.00 0.00 0.00 0.00

~~None~~ LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 1 0 0 1 134,258.27 0.00 0.00 134,258.27 30 Days 66 0 0 0 66 8,430,895.57 0.00 0.00 0.00 8,430,895.57 60 Days 14 0 0 0 14 1,651,161.18 0.00 0.00 0.00 1,651,161.18 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 80 1 0 0 81 10,082,056.75 134,258.27 0.00 0.00 10,216,315.02 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.015718% 0.000000% 0.000000% 0.015718% 0.013173% 0.000000% 0.000000% 0.013173% 30 Days 1.037410% 0.000000% 0.000000% 0.000000% 1.037410% 0.827220% 0.000000% 0.000000% 0.000000% 0.827220% 60 Days 0.220057% 0.000000% 0.000000% 0.000000% 0.220057% 0.162008% 0.000000% 0.000000% 0.000000% 0.162008% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.257466% 0.015718% 0.000000% 0.000000% 1.273185% 0.989228% 0.013173% 0.000000% 0.000000% 1.002401%

Delinquency Status By Groups

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

~~Item~~OTHER 5INFORMATION Current Period Class A Insufficient Funds 0. ~~Other~~00 ~~Events~~Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00

~~The~~COLLATERAL ~~Registrant~~STATEMENT ~~registered~~Collateral ~~issuances~~Description ofMixed ~~its~~Fixed ~~Structured~~& ~~Asset~~Arm ~~Investment~~Weighted ~~Loan~~Average ~~Trust~~Gross ~~Mortgage~~Coupon ~~Pass-Through~~7.823653% ~~Certificates~~Weighted ~~Series~~Average ~~2003-BC6~~Net onCoupon a6.871307% ~~delayed~~Weighted orAverage ~~continuous~~Pass-Through ~~basis~~Rate ~~pursuant~~6.866307% toWeighted ~~Rule~~Average ~~415~~Maturity(Stepdown ~~under~~Calculation ~~the~~) ~~Securities~~351 ~~Act~~Beginning ofScheduled ~~1933,~~Collateral asLoan ~~amended~~Count ~~(the “Act”)~~6,432 byNumber aOf ~~Registration~~Loans ~~Statement~~Paid onIn ~~Form~~Full ~~S-3~~70 ~~(Registration~~Ending ~~File~~Scheduled ~~No.~~Collateral ~~333-102489)~~Loan ~~(the~~Count ~~“Registration Statement”). Pursuant to the Registration Statement~~6,362 ~~the~~Beginning ~~Registrant~~Scheduled ~~issued~~Collateral $Balance 1,~~024~~031,~~383~~085,~~000~~426.42 ~~aggregate~~Ending ~~principal~~Scheduled ~~amount~~Collateral ofBalance ~~Class~~ 1~~-A1~~, ~~Class 1-A2~~018, ~~Class 1-A3~~521,640.80 ~~Class~~Ending ~~2-A,~~Actual ~~Class~~Collateral ~~3-A1,~~Balance ~~Class~~at 331-~~A2, Class A~~Jul-~~IO,~~2003 ~~Class M1~~1, ~~Class M2~~019, ~~Class M3~~183,947.14 ~~Class~~Monthly ~~M4,~~P ~~Class~~&I M5Constant ~~and Class B Certificates of its Structured Asset Investment Loan Trust Mortgage Pass-Through Certificates~~7,520,298.06 ~~Series~~Special ~~2003-BC6~~Servicing onFee ~~July 30, 2003~~0. ~~This~~00 ~~Current~~Prepayment ~~Report~~Penalties on0.00 ~~Form~~Realized ~~8-K~~Loss isAmount ~~being~~0.00 ~~filed~~Cumulative toRealized ~~satisfy~~Loss an0.00 ~~undertaking,~~Ending ~~contained~~Scheduled inBalance ~~the~~for ~~definitive~~Premium ~~Prospectus~~Loans ~~dated March 20~~1, ~~2003~~018, ~~as supplemented by the Prospectus Supplement dated July 25~~521,640.80 ~~2003~~Scheduled ~~(the~~Principal ~~“Prospectus Supplement”)~~797,919.12 toUnscheduled ~~file~~Principal ~~a copy of the Trust Agreement (as defined below) and other operative agreements executed in connection with the issuance of the Certificates~~11, ~~a form of which was filed as an exhibit to the Registration Statement~~765,866.50

~~The~~Miscellaneous ~~Certificates~~Reporting ~~were~~Monthly ~~issued~~Excess ~~pursuant~~Cashflows ~~to a Trust Agreement (the “Trust Agreement”)~~2, ~~attached hereto as Exhibit 4.1~~670,717.01 ~~dated~~Overcollateralization asAmount ~~of July 1~~6, ~~2003~~702, ~~among Structured Asset Securities Corporation, as depositor, Aurora Loan Services Inc~~426.,42 asOvercollateralization ~~Master~~Deficiency ~~Servicer, The Murrayhill Company, as Credit Risk Manager, Wells Fargo Bank Minnesota, National Association, as Securities Administrator, and LaSalle Bank National Association, as Trustee~~0. ~~The~~00 ~~“Certificates”~~Aggregate ~~consist~~Overcollateralization ofRelease ~~the following classes: Class 1-A1, Class 1-A2, Class 1-A3, Class 2-A, Class 3-A1, Class 3-A2, Class A-IO, Class M1, Class M2, Class M3, Class M4, Class M5, Class B, Class P, Class X and Class R~~0. ~~The~~00 ~~Certificates~~Targeted ~~evidence~~Overcollateralization ~~all~~Amount ~~of the beneficial ownership interest in a trust fund (the “Trust Fund”) that consists primarily of three pools of certain conventional~~6, ~~first and second lien~~702, ~~fixed and adjustable rate, fully amortizing and balloon, residential mortgage loans (the “Mortgage Loans”) with an aggregate outstanding principal balance of approximately $1,031,085,~~426 ~~as of July 1, 2003, together with certain other assets~~. ~~Capitalized~~42 ~~terms~~Cap ~~used~~payment ~~herein and not otherwise defined shall have the meanings assigned to them in the Trust Agreement.~~0

~~Item~~Group Level Collateral Statement Group 1(A) 1(B) 1(C) Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 7. ~~Financial~~615427 ~~Statements;~~7.593510 ~~Pro~~7.644841 ~~Forma~~Weighted ~~Financial~~Average ~~Information~~Net ~~and~~Rate ~~Exhibits~~7.115427 7.093510 7.144841 Weighted Average Maturity 351 351 351 Beginning Loan Count 797 2,249 367 Loans Paid In Full 7 16 5 Ending Loan Count 790 2,233 362 Beginning Scheduled Balance 105,370,281.18 341,443,357.85 53,318,517.58 Ending scheduled Balance 104,107,351.04 338,242,705.44 52,649,258.17 Record Date 07/31/2003 07/31/2003 07/31/2003 Principal And Interest Constant 767,600.87 2,419,759.96 389,664.14 Scheduled Principal 98,901.16 259,132.07 49,987.80 Unscheduled Principal 1,164,028.98 2,941,520.34 619,271.61 Scheduled Interest 668,699.71 2,160,627.89 339,676.34 Servicing Fees 43,904.25 142,268.07 22,216.05 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 35,374.75 186,570.06 10,318.91 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 589,420.71 1,831,789.76 307,141.38 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.712565 6.437811 6.912601

Group Level Collateral Statement Group 1(aD) 2(A) 2(B) Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 8.005150 7.923911 8.334845 Weighted Average Net Rate 7.505151 7.423911 7.834845 Weighted Average Maturity 351 352 352 Beginning Loan Count 521 261 1,360 Loans Paid In Full 1 9 8 Ending Loan Count 520 252 1,352 Beginning Scheduled Balance 71,056,004.49 36,048,217.85 204,893,620.75 Ending scheduled Balance 70,950,754.30 35,114,861.38 203,353,753.67 Record Date 07/31/2003 07/31/2003 07/31/2003 Principal And Interest Constant 523,912.02 270,817.01 1,557,953.87 Scheduled Principal 49,900.37 32,781.28 134,823.48 Unscheduled Principal 55,349.82 900,575.19 1,405,043.60 Scheduled Interest 474,011.65 238,035.73 1,423,130.39 Servicing Fees 29,606.64 15,020.10 85,372.34 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 16,960.33 6,871.81 80,474.67 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 427,444.68 216,143.82 1,257,283.38 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 7.218723 7.195157 7.363529

~~Not~~Group ~~applicable~~Level Collateral Statement Group 3(A) 3(B) Total Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 8.126791 7.531302 7.823653 Weighted Average Net Rate 7.626791 7.031302 6.871307 Weighted Average Maturity 349.00 349.00 351.00 Record Date 07/31/2003 07/31/2003 07/31/2003 Principal And Interest Constant 673,313.82 917,276.37 7,520,298.06 Beginning Loan Count 513 364 6,432 Loans Paid In Full 18 6 70 Ending Loan Count 495 358 6,362 Beginning Scheduled Balance 88,695,504.34 130,259,922.38 1,031,085,426.42 Ending Scheduled Balance 85,884,032.78 128,218,924.02 1,018,521,640.80 Scheduled Principal 72,638.97 99,753.99 797,919.12 Unscheduled Principal 2,738,832.59 1,941,244.37 11,765,866.50 Scheduled Interest 600,674.85 817,522.38 6,722,378.94 Servicing Fee 36,956.46 54,274.97 429,618.88 Master Servicing Fee 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 Fry Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 13,417.08 42,981.77 392,969.38 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest 550,301.31 720,265.64 5,899,790.68 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 7.445265 6.635339 6.866307

(b)

Not applicable.

(c)

Exhibits:

1.1

Terms Agreement dated July 25, 2003, between Structured Asset Securities Corporation, as Depositor, and Lehman Brothers Inc., as Representative of the Underwriters.

4.1

Trust Agreement dated as of July 1, 2003, among Structured Asset Securities Corporation, as Depositor, Aurora Loan Services Inc., as Master Servicer, The Murrayhill Company, as Credit Risk Manager, Wells Fargo Bank Minnesota, National Association, as Securities Administrator, and LaSalle Bank National Association, as Trustee.

99.1

Mortgage Loan Sale and Assignment Agreement dated as of July 1, 2003, between Lehman Brothers Holdings Inc., as Seller, and Structured Asset Securities Corporation, as Purchaser.

99.2

Servicing Agreement dated as of July 1, 2003, by and among Lehman Brothers Holdings Inc., as Seller, Aurora Loan Services Inc., as Master Servicer and Option One Mortgage Corporation, as Servicer.

99.3

Securitization Servicing Agreement dated as of July 1, 2003, among Lehman Brothers Holdings Inc., as Seller, Aurora Loan Services Inc., as Master Servicer and Ocwen Federal Bank FSB, as Servicer.

99.4

Securitization Servicing Agreement dated as of July 1, 2003, by and among Lehman Brothers Holdings Inc., as Seller, and Aurora Loan Services Inc., as Master Servicer and Wilshire Credit Corporation, as Servicer.

99.5

Mortgage Guaranty Insurance Corporation (“MGIC”) Mortgage Guaranty Master Policy (No. 12-670-4-3311), including Terms and Conditions No. 71-7135 (8/94) and Endorsements No. 71-70192 (8/01) and No. 71-70201 (10/01), dated July 1, 2003, Commitment Certificates covering approximately $262,9 million aggregate principal balance of insurable Mortgage Loans.

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: July 30, 2003

EXHIBIT INDEX

Exhibit No.

Description

Page No.

1.1

Terms Agreement dated July 25, 200d, between Structured Asset Securities Corporation, as Depositor, and Lehman Brothers Inc., as Representative of the Underwriters.

4.1

Filing Compare · STRUCTURED ASSET INV LOAN MORT PASS THR CERTS SER 2003-BC6