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) December 27, 2005

Structured Asset Securities Corporation (as Depositor under the Trust Agreement dated as of July 1, 2005, providing for the issuance of Lehman XS Trust Mortgage Pass-Through Certificates, Series 2005-2)
(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction
of incorporation)

333-120575
(Commission
File Number)

74-2440850
(IRS Employer
Identification No.)

745 Seventh Avenue, 7th Floor, New York, NY
(Address of principal executive offices)

10019
(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 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.

This current report on Form 8-K relates to the monthly distribution reported to the holders of Lehman XS Trust Mortgage Pass-Through Certificates, Series 2005-2, which was made on December 27, 2005.

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

(Exhibit No. Description)
99.1 Monthly distribution report pursuant to section 4.03 of the Trust Agreement for the distribution on December 27, 2005.

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.

LASALLE BANK NATIONAL ASSOCIATION, IN ITS CAPACITY AS TRUSTEE UNDER THE TRUST AGREEMENT OF BEHALF OF STRUCTURED ASSET SECURITIES CORPORATION, REGISTRANT

By: /s/ Russell Goldenberg
Russell Goldenberg
Group Senior Vice President

Date: January 3, 2006

Lehman XS Trust

Mortgage Pass-Through Certificates

Series 2005-2

ABN AMRO Acct: 722867.2

Reporting Package Table of Contents

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Administrator:

Leigh Gordon 312.904.4839
leigh.gordon@abnamro.com

Analyst:

Dinsmore Sohn 714.259.6258
dinsmore.sohn@abnamro.com

Statement Date:

135 S. LaSalle Street, Suite 1625
Chicago, IL 60603
USA

Statements to Certificateholders
Cash Reconciliation Summary
Shortfall Summary Report
Bond Interest Reconciliation

Bond Principal Reconciliation

Other Related Information
Asset-Backed Facts ~ 15 Month Loan Status Summary Part I

Asset-Backed Facts ~ 15 Month Loan Status Summary Part II
Asset-Backed Facts ~ 15 Month Loan Payoff/Loss Summary
Realized Loss Detail

Page 2-3
Page 4-6
Page 7
Page 8

Page 9

Page 10
Page 11-13

Page 14-16
Page 17-19

Page 20-22

Substitution Detail History

Page 23

Page(s)

Information is available for this issue from the following sources

Issue Id:

Monthly Data File
Name:

LHXS0502

LHXS0502_200512_3.ZIP

Closing Date:

First Payment Date:

Rated Final Payment: Date:

29-Jul-05
25-Aug-05

27-Aug-35

Parties to The Transaction

Issuer: Lehman Brothers Inc.

Underwriter: Lehman Brothers Inc.

Master Servicer: Aurora Loan Services LLC

Rating Agency: Standard & Poor's Ratings Services/Moody's Investors Service, Inc.

800.246.5761

LaSalle Factor Line

LaSalle Web Site

www.etrustee.net

Page 1 of 23

Class

CUSIP

Original

Opening

Principal

Negative

Closing

Interest

Pass-Through

Per $ 1000

Next Rate(3)

WAC:
WAMM:
Current Index:
Next Index:

Payment Date:
Prior Payment:
Next Payment:
Record Date:

6.527205%

4.193750%
4.378750%

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Lehman XS Trust

Mortgage Pass-Through Certificates

Series 2005-2

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

351

Bond Payments

Statement Date:

ABN AMRO Acct: 722867.2

834.289270194

33.165162610

0.000000000

801.124107584

3.317690331

4.6587500000%

0.00

0.000000000

4.4737500000%

0.000000000

86359DMN4

1-A1

659,614,000.00

21,876,205.57

0.00

528,432,677.10

2,188,394.99

550,308,882.67

834.289270116

33.165162611

0.000000000

801.124107506

3.369601645

4.7287500000%

0.00

0.000000000

4.5437500000%

0.000000000

86359DMP9

1-A2

164,903,000.00

5,469,034.81

0.00

132,107,768.70

555,657.42

137,576,803.51

853.754045289

0.000000000

824.028567023

0.533596267

0.00

0.000000000

0.7500000000%

0.000000000

86359DMQ7

1-AX

315,389,237.68

0.00

259,889,741.58

168,290.52

269,264,837.51

812.672063874

37.429783967

0.000000000

775.242279908

3.137817170

4.5287500000%

0.00

0.000000000

4.3437500000%

0.000000000

86359DMU8

2-A1A

145,348,000.00

5,440,344.24

0.00

112,679,914.90

456,075.45

118,120,259.14

812.672064000

37.429784000

0.000000000

775.242280000

3.508034400

0.00

0.000000000

5.1800000000%

0.000000000

86359DMV6

2-A1B

50,000,000.00

1,871,489.20

0.00

38,762,114.00

175,401.72

40,633,603.20

1000.000000000

0.000000000

1000.000000000

4.266666667

0.00

0.000000000

5.1200000000%

0.000000000

86359DMW4

2-A2

28,872,000.00

0.00

28,872,000.00

123,187.20

28,872,000.00

1000.000000000

0.000000000

1000.000000000

4.408333400

0.00

0.000000000

5.2900000000%

0.000000000

86359DMX2

2-A3A

50,000,000.00

0.00

50,000,000.00

220,416.67

50,000,000.00

1000.000000000

0.000000000

1000.000000000

4.533333250

0.00

0.000000000

5.4400000000%

0.000000000

86359DMY0

2-A3B

40,099,000.00

0.00

40,099,000.00

181,782.13

40,099,000.00

1000.000000000

0.000000000

1000.000000000

4.308333238

0.00

0.000000000

5.1700000000%

0.000000000

86359DMZ7

2-A4

34,924,000.00

0.00

34,924,000.00

150,464.23

34,924,000.00

1000.000000000

0.000000000

1000.000000000

4.172222274

4.8787500000%

0.00

0.000000000

4.6937500000%

0.000000000

86359DMR5

1-M1

42,803,000.00

0.00

42,803,000.00

178,583.63

42,803,000.00

1000.000000000

0.000000000

1000.000000000

4.332222284

5.0587500000%

0.00

0.000000000

4.8737500000%

0.000000000

86359DMS3

1-M2

18,022,000.00

0.00

18,022,000.00

78,075.31

18,022,000.00

1000.000000000

0.000000000

1000.000000000

5.372221940

6.2287500000%

0.00

4,132.65

0.262057705

5.7489344711%

0.000000000

86359DMT1

1-M3

15,770,000.00

0.00

15,770,000.00

84,719.94

15,770,000.00

1000.000000000

0.000000000

1000.000000000

4.491666777

0.00

0.000000000

5.3900000000%

0.000000000

86359DNA1

2-M1

15,071,000.00

0.00

15,071,000.00

67,693.91

15,071,000.00

1000.000000000

0.000000000

1000.000000000

4.700000000

0.00

0.000000000

5.6400000000%

0.000000000

86359DNB9

2-M2

4,094,000.00

0.00

4,094,000.00

19,241.80

4,094,000.00

1000.000000000

0.000000000

1000.000000000

5.250000000

0.00

0.000000000

6.3000000000%

0.000000000

86359DNC7

2-M3

3,721,000.00

0.00

3,721,000.00

19,535.25

3,721,000.00

1000.000000000

0.000000000

1000.000000000

36811.700000000

0.00

3,681.17

36811.700000000

N/A

0.000000000

9ABSW8970

1-P

100.00

0.00

100.00

3,681.17

100.00

1000.000000000

0.000000000

1000.000000000

75940.800000000

0.00

7,594.08

75940.800000000

N/A

0.000000000

9ABSW8988

2-P

100.00

0.00

100.00

7,594.08

100.00

Page 2 of 23

Notes: (1) N denotes notional balance not included in total (2) Accrued Interest Plus/Minus Interest Adjustment Minus Deferred Interest equals Interest Payment (3) Estimated. * Denotes Controlling Class

Class

CUSIP

Original

Opening

Principal

Negative

Closing

Interest

Pass-Through

Per $ 1000

Next Rate(3)

WAC:
WAMM:
Current Index:
Next Index:

Payment Date:
Prior Payment:
Next Payment:
Record Date:

6.527205%

4.193750%
4.378750%

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Lehman XS Trust

Mortgage Pass-Through Certificates

Series 2005-2

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

351

Bond Payments

Statement Date:

ABN AMRO Acct: 722867.2

853.754045294

0.000000000

824.028567030

0.131347641

0.00

)

(563,444.67

)

(0.625276994

1.0634790730%

0.000000000

9ABSW8996

1-X

901,112,107.65

0.00

742,542,118.80

118,358.95

769,328,107.17

905.161555017

0.000000000

885.512928736

1.141322153

0.00

)

(90.00

)

(0.000241851

1.5134058603%

0.000000000

9ABSW9002

2-X

372,129,498.29

0.00

329,525,481.90

424,719.64

336,837,315.34

0.000000000

0.00

0.000000000

N/A

0.000000000

9ABSW9010

R-1

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

9ABSW9028

R-2

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

LT1-R

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

LT2-R

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

LT3-R

0.00

Total P&I Payment

0.00

)

(548,126.77

1,273,241,200.00

1,100,015,748.52

39,878,947.83

Total

1,065,358,674.70

34,657,073.82

0.00

5,221,874.01

Page 3 of 23

Lehman XS Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Mortgage Pass-Through Certificates

Series 2005-2

ABN AMRO Acct: 722867.2

Statement Date:

Cash Reconciliation Summary

Current Scheduled Interest

Interest Summary

Less Deferred Interest

Plus Gross Advance Interest

Less PPIS Reducing Scheduled Int

5,748,103.80

0.00
0.00

Less ASER Interest Adv Reduction

0.00

Less Other Adjustment

0.00

Total

6,004,444.95

Unscheduled Interest:
Prepayment Penalties

11,275.25

Yield Maintenance Penalties

0.00

Other Interest Proceeds

0.00

Total

11,275.25

Less Fees & Expenses Paid By/To Servicer

Less Fee Paid To Servicer
Less Fee Strips Paid by Servicer

Special Servicing Fees

Interest Due Serv on Advances
Recoup of Prior Advances
Misc. Fees & Expenses

Total Unscheduled Fees & Expenses

Total Interest Due Trust

Less Fees & Expenses Paid By/To Trust
Trustee Fee
Fee Strips
Misc. Fees
Interest Reserve Withholding
Plus Interest Reserve Deposit
Total

Total Interest Due Certs

Principal Summary

Scheduled Principal:
Current Scheduled Principal
Advanced Scheduled Principal
Scheduled Principal
Unscheduled Principal:
Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds
Total Unscheduled Principal
Remittance Principal

Remittance P&I Due Trust

Remittance P&I Due Certs

Pool Balance Summary

Beginning Pool
Scheduled Principal
Unscheduled Principal
Deferred Interest
Liquidations
Repurchases

Ending Pool

Balance

Count

Principal

Interest

Prior Outstanding

Plus Current Period

Less Recovered

Ending Outstanding

Servicing Fee Summary

Current Servicing Fees
Plus Fees Advanced for PPIS
Less Reduction for PPIS
Plus Delinquent Servicing Fees

Total Servicing Fees

Overcollateralization Summary

PPIS Summary

Gross PPIS
Reduced by PPIE
Reduced by Shortfalls in Fees
Reduced by Other Amounts
PPIS Reducing Scheduled Interest
PPIS Reducing Servicing Fee

PPIS Due Certificate

0.00

)

(150.00

0.00

)

(150.00

5,784,667.69

0.00
0.00
0.00
0.00

0.00

317,240.04

11,046.02

328,286.06

111,225.53

33,658,310.22

0.00
0.00
0.00

33,769,535.75
34,097,821.81

39,882,489.50

1,106,165,422.51

4,537

328,286.06

33,769,535.75

123

0.00
0.00

0.00

1,072,067,600.70

4,414

16,766.39

320,977.03

11,046.02

256,341.15

21,101.16

442,366.46

230,902.51

0.00
0.00

12,361.66

243,264.17

0.00
0.00
0.00
0.00
0.00
0.00

0.00

Advance Summary (Advance Made by Servicer)

)

(230,902.51

5,784,667.69

Interest Not Advanced (

Current Period

)

0.00

256,341.15

Workout Fees
Liquidation Fees

0.00
0.00

Less Non Recovered

)

(134,951.72

)

(6,711.25

0.00

Overcollateralization Amount

Overcollateralization Deficiency

6,709,126.00

0.00

Other Principal Information

Principal Remittance Amount
Overcollateralization Release Amount

34,097,821.81

0.00

34,097,821.81

Principal Distribution Amount Amount

Page 4 of 23

Lehman XS Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Mortgage Pass-Through Certificates

Series 2005-2

ABN AMRO Acct: 722867.2

Statement Date:

Cash Reconciliation Summary Pool 1

Current Scheduled Interest

Interest Summary

Less Deferred Interest

Plus Gross Advance Interest

Less PPIS Reducing Scheduled Int

3,939,176.69

0.00
0.00

Less ASER Interest Adv Reduction

0.00

Less Other Adjustment

0.00

Total

4,088,313.89

Unscheduled Interest:
Prepayment Penalties

3,681.17

Yield Maintenance Penalties

0.00

Other Interest Proceeds

0.00

Total

3,681.17

Less Fees & Expenses Paid By/To Servicer

Less Fee Paid To Servicer
Less Fee Strips Paid by Servicer

Special Servicing Fees

Interest Due Serv on Advances
Recoup of Prior Advances
Misc. Fees & Expenses

Total Unscheduled Fees & Expenses

Total Interest Due Trust

Less Fees & Expenses Paid By/To Trust
Trustee Fee
Fee Strips
Misc. Fees
Interest Reserve Withholding
Plus Interest Reserve Deposit
Total

Total Interest Due Certs

Principal Summary

Remittance P&I Due Trust

Remittance P&I Due Certs

Pool Balance Summary

Beginning Pool
Scheduled Principal
Unscheduled Principal
Deferred Interest
Liquidations
Repurchases

Ending Pool

Balance

Count

Principal

Interest

Prior Outstanding

Plus Current Period

Less Recovered

Ending Outstanding

Servicing Fee Summary

Current Servicing Fees
Plus Fees Advanced for PPIS
Less Reduction for PPIS
Plus Delinquent Servicing Fees

Total Servicing Fees

Overcollateralization Summary

PPIS Summary

Gross PPIS
Reduced by PPIE
Reduced by Shortfalls in Fees
Reduced by Other Amounts
PPIS Reducing Scheduled Interest
PPIS Reducing Servicing Fee

PPIS Due Certificate

0.00

)

(60.00

0.00

)

(60.00

3,935,013.95

0.00
0.00
0.00
0.00

0.00

98,729.31

3,575.17

102,304.48

72,983.58

26,610,700.31

0.00
0.00
0.00

26,683,683.89
26,785,988.37

30,721,002.32

769,328,107.17

3,117

102,304.48

26,683,683.89

0.00
0.00

0.00

742,542,118.80

3,024

4,773.21

162,677.06

3,575.17

149,137.20

6,785.71

227,939.24

156,921.11

0.00
0.00

5,798.51

162,719.62

0.00
0.00
0.00
0.00
0.00
0.00

0.00

Advance Summary (Advance Made by Servicer)

)

(156,921.11

3,935,013.95

Interest Not Advanced (

Current Period

)

0.00

149,137.20

Workout Fees
Liquidation Fees

0.00
0.00

Less Non Recovered

)

(83,875.02

)

(1,562.67

0.00

Overcollateralization Amount

Overcollateralization Deficiency

5,406,673.00

0.00

Other Principal Information

Principal Remittance Amount
Overcollateralization Release Amount

26,785,988.37

0.00

26,785,988.37

Principal Distribution Amount Amount

Page 5 of 23

Lehman XS Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Mortgage Pass-Through Certificates

Series 2005-2

ABN AMRO Acct: 722867.2

Statement Date:

Cash Reconciliation Summary Pool 2

Current Scheduled Interest

Interest Summary

Less Deferred Interest

Plus Gross Advance Interest

Less PPIS Reducing Scheduled Int

1,808,927.11

0.00
0.00

Less ASER Interest Adv Reduction

0.00

Less Other Adjustment

0.00

Total

1,916,131.06

Unscheduled Interest:
Prepayment Penalties

7,594.08

Yield Maintenance Penalties

0.00

Other Interest Proceeds

0.00

Total

7,594.08

Less Fees & Expenses Paid By/To Servicer

Less Fee Paid To Servicer
Less Fee Strips Paid by Servicer

Special Servicing Fees

Interest Due Serv on Advances
Recoup of Prior Advances
Misc. Fees & Expenses

Total Unscheduled Fees & Expenses

Total Interest Due Trust

Less Fees & Expenses Paid By/To Trust
Trustee Fee
Fee Strips
Misc. Fees
Interest Reserve Withholding
Plus Interest Reserve Deposit
Total

Total Interest Due Certs

Principal Summary

Remittance P&I Due Trust

Remittance P&I Due Certs

Pool Balance Summary

Beginning Pool
Scheduled Principal
Unscheduled Principal
Deferred Interest
Liquidations
Repurchases

Ending Pool

Balance

Count

Principal

Interest

Prior Outstanding

Plus Current Period

Less Recovered

Ending Outstanding

Servicing Fee Summary

Current Servicing Fees
Plus Fees Advanced for PPIS
Less Reduction for PPIS
Plus Delinquent Servicing Fees

Total Servicing Fees

Overcollateralization Summary

PPIS Summary

Gross PPIS
Reduced by PPIE
Reduced by Shortfalls in Fees
Reduced by Other Amounts
PPIS Reducing Scheduled Interest
PPIS Reducing Servicing Fee

PPIS Due Certificate

0.00

)

(90.00

0.00

)

(90.00

1,849,653.74

0.00
0.00
0.00
0.00

0.00

218,510.73

7,470.85

225,981.58

38,241.95

7,047,609.91

0.00
0.00
0.00

7,085,851.86
7,311,833.44

9,161,487.18

336,837,315.34

1,420

225,981.58

7,085,851.86

0.00
0.00

0.00

329,525,481.90

1,390

11,993.18

158,299.97

7,470.85

107,203.95

14,315.45

214,427.22

73,981.39

0.00
0.00

6,563.15

80,544.55

0.00
0.00
0.00
0.00
0.00
0.00

0.00

Advance Summary (Advance Made by Servicer)

)

(73,981.39

1,849,653.74

Interest Not Advanced (

Current Period

)

0.00

107,203.95

Workout Fees
Liquidation Fees

0.00
0.00

Less Non Recovered

)

(51,076.70

)

(5,148.58

0.00

Overcollateralization Amount

Overcollateralization Deficiency

1,302,453.00

0.00

Other Principal Information

Principal Remittance Amount
Overcollateralization Release Amount

7,311,833.44

0.00

7,311,833.44

Principal Distribution Amount Amount

Page 6 of 23

Lehman XS Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Mortgage Pass-Through Certificates

Series 2005-2

ABN AMRO Acct: 722867.2

Interest Adjustments Summary

Statement Date

0.00

Special Servicing Fees

Workout Fees

Liquidation Fees

Legal Fees

0.00

150.00

Misc. Fees & Expenses Paid by/to Servicer

Interest Paid to Servicer on Outstanding Advances

0.00

ASER Interest Advance Reduction

Interest Not Advanced (Current Period)

Recoup of Prior Advances by Servicer

0.00

Servicing Fees Paid Servicer on Loans Not Advanced

Misc. Fees & Expenses Paid by Trust

0.00

Shortfall Due to Rate Modification

Total Shortfall Allocated to the Bonds

Total Interest Adjustment to the Bonds

150.00

Shortfall Allocated to the Bonds:

Excess Allocated to the Bonds:

Other Interest Proceeds Due the Bonds

Yield Maintenance Penalties Due the Bonds

Prepayment Penalties Due the Bonds

Recovered ASER Interest Due the Bonds

Recovered Interest Due the Bonds

Less Total Shortfall Allocated to the Bonds

Total Excess Allocated to the Bonds

11,275.25

11,275.25

Total Excess Allocated to the Bonds

11,125.25

)

(150.00

Aggregate Interest Adjustment Allocated to the Bonds

0.00

11,275.25

0.00

Prepayment Interest Excess Due the Bonds

0.00

ARD Excess Interest

0.00

Net Prepayment Int. Shortfalls Allocated to the Bonds

Other Interest Loss

Interest Income

0.00

Page 7 of 23

Lehman XS Trust

Class

Payment Date:

Prior Payment:
Next Payment:

Record Date:

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Mortgage Pass-Through Certificates

Series 2005-2

ABN AMRO Acct: 722867.2

Bond Interest Reconciliation

Additions

Accrual

Method Days

Statement Date:

Accrued

Certificate

Interest

Prior

Int Carry-Fwd

Shortfall

Prior

Shortfall

Reimbursement

Other

Interest

Proceeds

Other

Interest
Losses

Current

Int Carry-Fwd

Shortfall

Remaining

Int Carry-Fwd

Shortfall

Net Cap Rate

in Effect

Y/N

Distributable

Certificate

Interest

Payment

Amount

Deductions

Outstanding

Deposits from YM

Agreement

Remaining Basis Risk

Carry-Fwd Shortfall

Current Basis Risk

Carry-Fwd Shortfall

0.00

2,188,394.99

Act/360

0.00

2,188,394.99

0.00

1-A1

0.00

555,657.42

Act/360

0.00

555,657.42

0.00

1-A2

0.00

168,290.52

30/360

0.00

168,290.52

0.00

1-AX

0.00

456,075.45

Act/360

0.00

456,075.45

0.00

2-A1A

0.00

175,401.72

30/360

0.00

175,401.72

0.00

2-A1B

0.00

123,187.20

30/360

0.00

123,187.20

0.00

2-A2

0.00

220,416.67

30/360

0.00

220,416.67

0.00

2-A3A

0.00

181,782.13

30/360

0.00

181,782.13

0.00

2-A3B

0.00

150,464.23

30/360

0.00

150,464.23

0.00

2-A4

0.00

178,583.63

Act/360

0.00

178,583.63

0.00

1-M1

0.00

78,075.31

Act/360

0.00

78,075.31

0.00

1-M2

0.00

84,719.95

84,719.94

Act/360

0.00

80,587.29

0.00

Yes

1-M3

4,132.66

0.00

67,693.91

30/360

0.00

67,693.91

0.00

2-M1

0.00

19,241.80

30/360

0.00

19,241.80

0.00

2-M2

0.00

19,535.25

30/360

0.00

19,535.25

0.00

2-M3

0.00

3,681.17

0.00

1-P

0.00

7,594.08

0.00

2-P

0.00

5,529,116.95

118,358.95

30/360

4,847,313.33

681,803.62

0.00

563,444.67

5,410,758.00

0.00

1-X

0.00

1,726,764.35

424,719.64

30/360

1,301,954.71

424,809.64

0.00

90.00

1,302,044.71

0.00

2-X

0.00

4,132.66

6,149,268.04

5,770,000.78

11,934,676.73

5,221,874.01

0.00

563,534.67

6,712,802.71

0.00

(2) Interest Carry-Forward Shortfall is unpaid interest with interest thereon
(3) Basis Risk Carry-Forward Shortfall - difference between LIBOR plus margin and the Net Rate Cap.

Page 8 of 23

(1) Other Interest Proceeds are additional interest amounts specifically allocated to the bond(s) and used in determining the bonds Distributable Interest.

Lehman XS Trust

Payment Date:

Prior Payment:
Next Payment:

Record Date:

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Mortgage Pass-Through Certificates

Series 2005-2

ABN AMRO Acct: 722867.2

Bond Principal Reconciliation

Credit Support

Original

Current(4)

Statement Date:

Beginning

Class Balance

Unscheduled

Principal
Payment

Extra

Principal

Payment Amt

Prior

Loss

Reimburs.

Rated

Final

Maturity

Class

Current

Losses

Original

Class Balance

Scheduled

Principal
Payment

Ending

Class Balance

Cumulative

Losses

Interest on

Losses

Additions

Losses

6.00
1.00

1-A1

8/27/2035

528,432,677.10

0.00

550,308,882.67

659,614,000.00

81,843.63

0.00

447,401.88

21,346,960.06

1-A2

8/27/2035

132,107,768.70

0.00

137,576,803.51

164,903,000.00

20,460.85

0.00

111,850.13

5,336,723.83

1-AX

8/27/2035

259,889,741.58

0.00

269,264,837.51

315,389,237.68

0.00

2-A1A

8/27/2035

112,679,914.90

0.00

118,120,259.14

145,348,000.00

168,140.81

0.00

5,272,203.43

2-A1B

8/27/2035

38,762,114.00

0.00

40,633,603.20

50,000,000.00

57,840.77

0.00

1,813,648.43

2-A2

8/27/2035

28,872,000.00

0.00

28,872,000.00

0.00

2-A3A

8/27/2035

50,000,000.00

0.00

50,000,000.00

0.00

2-A3B

8/27/2035

40,099,000.00

0.00

40,099,000.00

0.00

2-A4

8/27/2035

34,924,000.00

0.00

34,924,000.00

0.00

1-M1

8/27/2035

42,803,000.00

0.00

42,803,000.00

0.00

1-M2

8/27/2035

18,022,000.00

0.00

18,022,000.00

0.00

1-M3

8/27/2035

15,770,000.00

0.00

15,770,000.00

0.00

2-M1

8/27/2035

15,071,000.00

0.00

15,071,000.00

0.00

2-M2

8/27/2035

4,094,000.00

0.00

4,094,000.00

0.00

2-M3

8/27/2035

3,721,000.00

0.00

3,721,000.00

0.00

1-P

8/27/2035

100.00

0.00

100.00

0.00

2-P

8/27/2035

100.00

0.00

100.00

0.00

1-X

8/27/2035

742,542,118.80

0.00

769,328,107.17

901,112,107.65

0.00

2-X

8/27/2035

329,525,481.90

0.00

336,837,315.34

372,129,498.29

0.00

328,286.06

0.00

33,769,535.75

559,252.01

1,273,241,200.00

1,065,358,674.70

1,100,015,748.52

Page 9 of 23

(1) Extra Principal Amounts: the lessor of (i) the excess, if any, of the overcollateralization Target Amount over the Overcollateralization Amount.

Lehman XS Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Mortgage Pass-Through Certificates

Series 2005-2

ABN AMRO Acct: 722867.2

Other Related Information

Statement Date:

$3,541.67

Insurance Premium...................................................................................................

Insured Payments to Class:

0.00

2-A3A

Page 10 of 23

Lehman XS Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Mortgage Pass-Through Certificates

Series 2005-2

ABN AMRO Acct: 722867.2

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I

Distribution

Date

REO

# Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

# Balance

Delinquency Aging Categories

0.54%

0.61%

0.20%

0.14%

1,335,068

0.12%

0.41%

0.32%

0.00%

27-Dec-05

6,550,166

1,538,130

3,432,804

4,357

1,059,211,432

98.71%

98.80%

0.66%

0.58%

0.22%

0.16%

0.13%

1,250,380

0.11%

0.07%

0.08%

0.00%

25-Nov-05

6,423,842

1,746,176

908,933

4,488

1,095,836,091

98.92%

99.07%

0.55%

0.59%

0.08%

0.09%

0.00%

0.06%

0.02%

0.00%

25-Oct-05

6,738,644

1,067,218

283,161

4,673

1,141,501,176

99.30%

0.27%

0.31%

0.06%

0.05%

0.00%

26-Sep-05

3,712,352

554,467

4,848

1,192,149,805

99.67%

99.64%

0.04%

0.00%

25-Aug-05

468,048

5,009

1,238,720,933

99.96%

Page 11 of 23

Lehman XS Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Mortgage Pass-Through Certificates

Series 2005-2

ABN AMRO Acct: 722867.2

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I

Distribution

Date

REO

# Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

# Balance

Delinquency Aging Categories

Pool 1

0.43%

0.45%

0.13%

0.11%

0.07%

324,796

0.04%

0.30%

0.21%

0.00%

27-Dec-05

3,334,387

834,261

1,571,753

2,996

736,476,921

99.07%

99.18%

0.58%

0.54%

0.19%

0.12%

0.00%

0.03%

0.04%

0.00%

25-Nov-05

4,154,899

916,556

317,844

3,092

763,938,808

99.20%

99.30%

0.37%

0.34%

0.03%

0.04%

0.00%

25-Oct-05

2,711,543

318,118

3,243

801,726,905

99.60%

99.62%

0.09%

0.18%

0.00%

26-Sep-05

1,509,883

3,381

842,234,629

99.91%

99.82%

0.00%

25-Aug-05

3,487

874,197,097

100.00%

Page 12 of 23

Lehman XS Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Mortgage Pass-Through Certificates

Series 2005-2

ABN AMRO Acct: 722867.2

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I

Distribution

Date

REO

# Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

# Balance

Delinquency Aging Categories

Pool 2

0.79%

0.98%

0.36%

0.21%

0.29%

1,010,271

0.31%

0.65%

0.56%

0.00%

27-Dec-05

3,215,779

703,869

1,861,051

1,361

322,734,511

97.91%

97.94%

0.85%

0.67%

0.28%

0.25%

0.42%

1,250,380

0.37%

0.14%

0.18%

0.00%

25-Nov-05

2,268,943

829,619

591,090

1,396

331,897,283

98.31%

98.53%

0.97%

1.17%

0.21%

0.22%

0.00%

0.21%

0.08%

0.00%

25-Oct-05

4,027,100

749,100

283,161

1,430

339,774,271

98.62%

98.53%

0.68%

0.62%

0.20%

0.16%

0.00%

26-Sep-05

2,202,469

554,467

1,467

349,915,175

99.12%

99.22%

0.13%

0.00%

25-Aug-05

468,048

1,522

364,523,836

99.87%

Page 13 of 23

Lehman XS Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Mortgage Pass-Through Certificates

Series 2005-2

ABN AMRO Acct: 722867.2

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days 90 + Days
# Balance # Balance # Balance # Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

988,286

153,424

2,444,517

821,400

0.00%

0.14%

0.09%

0.27%

0.23%

0.00%

0.00% 0.02%

0.01% 0.05%

0.08%

0.00%

0.18%

0.11%

1,190,615

0.00%

25-Nov-05

153,494

382,500

908,933

438,900

0.00%

0.07%

0.08%

0.02%

0.01% 0.02%

0.03% 0.02%

0.04%

0.00%

0.04%

0.02%

216,988

0.00%

25-Oct-05

97,121

438,900

186,040

0.00%

0.02%

0.01%

0.04%

0.02%

0.04% 0.00%

0.00% 0.00%

0.00%

0.06%

0.03%

370,742

0.00%

26-Sep-05

0.00%

0.00% 0.00%

0.00%

0.02%

0.01%

153,631

0.00%

25-Aug-05

0.00%

0.00% 0.00%

0.00%

Page 14 of 23

Lehman XS Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Mortgage Pass-Through Certificates

Series 2005-2

ABN AMRO Acct: 722867.2

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days 90 + Days
# Balance # Balance # Balance # Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - Pool 1

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

662,425

909,328

0.00%

0.13%

0.09%

0.17%

0.12%

0.00%

0.00% 0.00%

0.00%

0.07%

0.04%

327,548

0.00%

25-Nov-05

317,844

0.00%

0.03%

0.04%

0.00%

0.00% 0.00%

0.00%

25-Oct-05

0.00%

0.00% 0.00%

0.00%

26-Sep-05

0.00%

0.00% 0.00%

0.00%

25-Aug-05

0.00%

0.00% 0.00%

0.00%

Page 15 of 23

Lehman XS Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Mortgage Pass-Through Certificates

Series 2005-2

ABN AMRO Acct: 722867.2

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days 90 + Days
# Balance # Balance # Balance # Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - Pool 2

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

325,861

153,424

1,535,190

821,400

0.00%

0.14%

0.10%

0.50%

0.47%

0.00%

0.00% 0.07%

0.05% 0.14%

0.25%

0.00%

0.43%

0.26%

863,067

0.00%

25-Nov-05

153,494

382,500

591,090

438,900

0.00%

0.14%

0.18%

0.07%

0.05% 0.07%

0.11% 0.07%

0.13%

0.00%

0.14%

0.06%

216,988

0.00%

25-Oct-05

97,121

438,900

186,040

0.00%

0.07%

0.03%

0.14%

0.05%

0.07%

0.13% 0.00%

0.00% 0.00%

0.00%

0.21%

0.11%

370,742

0.00%

26-Sep-05

0.00%

0.00% 0.00%

0.00%

0.07%

0.04%

153,631

0.00%

25-Aug-05

0.00%

0.00% 0.00%

0.00%

Page 16 of 23

Lehman XS Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Mortgage Pass-Through Certificates

Series 2005-2

ABN AMRO Acct: 722867.2

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

27-Dec-05

4,414

86.01%

1,072,067,601

84.20%

2.71%

3.04%

0.00%

351

6.53%

6.26%

123

33,658,310

0.00

25-Nov-05

4,537

88.41%

1,106,165,423

86.88%

3.59%

3.71%

0.00%

352

6.53%

6.26%

169

42,678,377

0.00

25-Oct-05

4,706

91.70%

1,149,590,198

90.29%

3.25%

3.85%

0.00%

353

6.53%

6.26%

158

46,077,267

0.00

26-Sep-05

4,864

94.78%

1,196,416,624

93.97%

2.93%

3.40%

0.00%

354

6.54%

6.27%

147

42,119,977

0.00

25-Aug-05

5,011

97.64%

1,239,188,981

97.33%

2.36%

2.64%

0.00%

355

6.54%

6.27%

121

33,611,209

0.00

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 17 of 23

Lehman XS Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Mortgage Pass-Through Certificates

Series 2005-2

ABN AMRO Acct: 722867.2

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

Pool 1

27-Dec-05

3,024

58.92%

742,542,119

58.32%

2.98%

3.46%

0.00%

353

6.39%

6.13%

26,610,700

0.00

25-Nov-05

3,117

60.74%

769,328,107

60.42%

4.27%

4.34%

0.00%

354

6.38%

6.13%

139

34,952,822

0.00

25-Oct-05

3,256

63.45%

804,756,566

63.21%

3.78%

4.57%

0.00%

355

6.39%

6.14%

128

38,552,898

0.00

26-Sep-05

3,384

65.94%

843,744,513

66.27%

2.95%

3.45%

0.00%

356

6.39%

6.13%

103

30,129,001

0.00

25-Aug-05

3,487

67.95%

874,197,097

68.66%

2.57%

2.97%

0.00%

357

6.38%

6.13%

26,749,730

0.00

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 18 of 23

Lehman XS Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Mortgage Pass-Through Certificates

Series 2005-2

ABN AMRO Acct: 722867.2

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

Pool 2

27-Dec-05

1,390

27.08%

329,525,482

25.88%

2.11%

2.09%

0.00%

348

6.85%

6.56%

7,047,610

0.00

25-Nov-05

1,420

27.67%

336,837,315

26.46%

2.07%

2.24%

0.00%

349

6.86%

6.57%

7,725,555

0.00

25-Oct-05

1,450

28.25%

344,833,632

27.08%

2.03%

2.13%

0.00%

350

6.87%

6.57%

7,524,370

0.00

26-Sep-05

1,480

28.84%

352,672,111

27.70%

2.89%

3.29%

0.00%

351

6.90%

6.60%

11,990,976

0.00

25-Aug-05

1,524

29.70%

364,991,884

28.67%

1.87%

1.84%

0.00%

352

6.90%

6.60%

6,861,478

0.00

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 19 of 23

Lehman XS Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Mortgage Pass-Through Certificates

Series 2005-2

ABN AMRO Acct: 722867.2

Realized Loss Detail

Period

Disclosure

Control #

Appraisal

Date

Appraisal

Value

Beginning

Scheduled

Balance

Gross

Proceeds

Gross Proceeds

as a % of

Sched. Balance

Aggregate

Liquidation
Expenses *

Net

Liquidation

Proceeds

Net Proceeds

as a % of

Sched. Balance

Realized

Loss

Statement Date:

Current Total

Cumulative

Page 20 of 23

* Aggregate liquidation expenses also include outstanding P&I advances and unpaid servicing fees, unpaid trustee fees, etc..

Lehman XS Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Mortgage Pass-Through Certificates

Series 2005-2

ABN AMRO Acct: 722867.2

Realized Loss Detail

Period

Disclosure

Control #

Appraisal

Date

Appraisal

Value

Beginning

Scheduled

Balance

Gross

Proceeds

Gross Proceeds

as a % of

Sched. Balance

Aggregate

Liquidation
Expenses *

Net

Liquidation

Proceeds

Net Proceeds

as a % of

Sched. Balance

Realized

Loss

Statement Date:

Pool 1

Current Total

Cumulative

Page 21 of 23

* Aggregate liquidation expenses also include outstanding P&I advances and unpaid servicing fees, unpaid trustee fees, etc..

Lehman XS Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Mortgage Pass-Through Certificates

Series 2005-2

ABN AMRO Acct: 722867.2

Realized Loss Detail

Period

Disclosure

Control #

Appraisal

Date

Appraisal

Value

Beginning

Scheduled

Balance

Gross

Proceeds

Gross Proceeds

as a % of

Sched. Balance

Aggregate

Liquidation
Expenses *

Net

Liquidation

Proceeds

Net Proceeds

as a % of

Sched. Balance

Realized

Loss

Statement Date:

Pool 2

Current Total

Cumulative

Page 22 of 23

* Aggregate liquidation expenses also include outstanding P&I advances and unpaid servicing fees, unpaid trustee fees, etc..

Lehman XS Trust

Substitution Detail History

ABN AMRO Acct: 722867.2

Series 2005-2

Mortgage Pass-Through Certificates

23-Dec-05

25-Jan-06

25-Nov-05

27-Dec-05

Record Date:

Next Payment:

Prior Payment:

Payment Date:

Statement Date:

Property ID

Deleted Loan

Qualified Substitute

Scheduled Prin Bal

Per Section 7.01(a)(i) of the Property Management and Lease Servicing Agreement, aggregate Appraised Value of the Qualified Substitute Mortgaged Properties acquired by the Issuer since the Closing Date
in connection with the substitution or exchange pursuant to Section 7.01 is not to exceed 25% of the aggregate Initial Appraised Value of the Mortgaged Properties.

(A)

Page 23 of 23

Original Property

Lehman XS Trust Series 2005-2 8-K