8-K 1 sasco516_8k0510.txt 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): October 25, 2005 SASCO (Depositor) (Issuer in respect of Structured Asset Securities Corporation, Mortgage (Exact name of registrant as specified in charter) Delaware 33-63714 95-4449516 (State or other (Commission File No.) (I.R.S. Employer jurisdiction of Identification No.) organization) , , N/A 91110-7137 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, including area code: (818)-304-4428 Not Applicable (Former name, former address and former fiscal year, 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. []Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) []Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) []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)) Section 8 - Other Events Item 8.01 Other Events Section 9 - Financial Statements and Exhibits Item 9.01 Financial Statements and Exhibits 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 thereunto duly authorized. Dated: October 25, 2005 SASCO By: /s/ David Howard ------------------------------ Name: David Howard Assistant Vice President The Bank of New York, as Trustee EXHIBIT INDEX Exhibit 99 Monthly Remittance Statement dated October 25, 2005 Payment Date: 10/25/05 ------------------------------------------------------------ Structured Asset Securities Corporation, Mortgage Pass-Through Certificates Series 2005-16 ------------------------------------------------------------

Payment Date: 10/25/05 ------------------------------------------------------------ (null) Structured Asset Securities Corporation, Mortgage Pass-Through Certificates Series 2005-16 ------------------------------------------------------------

------------------------------------------------------------ (null) Structured Asset Securities Corporation, Mortgage Pass-Through Certificates Series 2005-16 ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Prin balance 75,662,291.52 197,304,869.75 129,129,762.46 Loan count 122 335 578 Avg loan rate 5.534430% 5.866356% 5.558380% Prepay amount 23,973.62 1,720,339.72 640,686.19 Prin balance 429,581,179.30 114,740,553.75 12,155,910.60 Loan count 2039 780 25 Avg loan rate 5.871312% 5.943885% 6.325393% Prepay amount 877,976.08 12,185.25 436,192.64 Total ----- Prin balance 52,805,027.75 32,108,645.31 1,043,488,240.44 Loan count 285 170 4334 Avg loan rate 6.362272% 6.363691% 5.86 Prepay amount 474,478.92 49,460.97 4,235,293.39 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Master serv fees 15,775.69 40,782.11 27,041.23 Sub servicer fees 0.00 0.00 0.00 Trustee fees 0.00 0.00 0.00 Agg advances N/A N/A N/A Adv this period 214,651.96 694,683.21 355,714.46 Master serv fees 89,393.11 23,919.90 2,624.69 Sub servicer fees 0.00 0.00 0.00 Trustee fees 0.00 0.00 0.00 Agg advances N/A N/A N/A Adv this period 1,369,294.38 302,977.90 34,749.77 Total ----- Master serv fees 11,105.45 6,701.86 217,344.04 Sub servicer fees 0.00 0.00 0.00 Trustee fees 0.00 0.00 0.00 Agg advances N/A N/A N/A Adv this period 190,289.67 129,641.99 3,292,003.34 -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES -------------------------------------------------------------------------------- Realized losses 0.00 0.00 0.00 Cumulative losses 0.00 0.00 0.00 Realized losses 0.00 0.00 0.00 Cumulative losses 0.00 0.00 0.00 Total ----- Realized losses 0.00 0.00 0.00 Cumulative losses 0.00 0.00 0.00 Coverage Amounts ---------------- Bankruptcy 0.00 0.00 0.00 Fraud 1,517,859.19 3,989,028.19 2,600,154.99 Special Hazard 0.00 0.00 0.00 Bankruptcy 0.00 0.00 0.00 Fraud 8,635,007.76 2,299,004.39 252,099.04 Special Hazard 0.00 0.00 0.00 Total ----- Bankruptcy 0.00 0.00 0.00 Fraud 1,077,913.88 643,642.83 21,014,710.26 Special Hazard 0.00 0.00 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 96.092521% 100.000000% 1,007,110,904.12 ----------------------------------------------------------------------------- Junior 3.907479% 0.000000% 40,952,868.17 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 32 6,654,487.37 60 to 89 days 1 211,798.85 90 or more 1 177,319.11 Foreclosure 0 0.00 Totals: 34 7,043,605.33 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- REO INFORMATION -------------------------------------------------------------------------------- REO Date Loan Number Ending Stated Balance Book Value -------- ----------- --------------------- ---------- N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A Totals: 0 N/A Current Total Outstanding Balance: 0.00 Current Total Outstanding Number of Loans: 0 -------------------------------------------------------------------------------- OTHER INFORMATION -------------------------------------------------------------------------------- Amount/Withdrawal Total/Ending Bal. ----------------- ----------------- Available remittance amount 9,489,846.90 9,489,846.90 Principal remittance amount 4,589,364.67 4,589,364.67 Interest remittance amount 4,900,482.23 4,900,482.23

Structured Asset Securities Corp. 2005-16 8-K