SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES AND EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported)

December 30, 2002

STRUCTURED ASSET SECURITIES CORPORATION (as Depositor under the Trust Agreement, dated as of December 1, 2002, providing for the issuance of Amortizing Residential Collateral Trust Mortgage Pass-Through Certificates, Series 2002-BC10)

Structured Asset Securities Corporation

(Exact Name of Registrant as Specified in its Charter)

Delaware

333-92140

74-2440850

(State or Other Jurisdiction

Of Incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

745 Seventh Avenue, 7^th Floor

New York, New York

10019

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s telephone number, including area code: (212) 526-7000

None

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

Item 5. Other Events

The Registrant registered issuances of its Amortizing Residential Collateral Trust Mortgage Pass-Through Certificates Series 2002-BC10 on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, as amended (the “Act”), by a Registration Statement on Form S-3 (Registration File No. 333-92140) (the “Registration Statement”). Pursuant to the Registration Statement, the Registrant issued $637,105,000 aggregate principal amount of Class A1, Class A2, Class A3, Class A-IO, Class A-4, Class M1, Class M2, Class M3 and Class B Certificates of its Amortizing Residential Collateral Trust Mortgage Pass-Through Certificates, Series 2002-BC10 on December 30, 2002. This Current Report on Form 8-K is being filed to satisfy an undertaking, contained in the definitive Prospectus dated October 28, 2002, as supplemented by the Prospectus Supplement dated December 23, 2002 (the “Prospectus Supplement”), to file a copy of the Trust Agreement (as defined below) and other operative agreements executed in connection with the issuance of the Certificates, a form of which was filed as an exhibit to the Registration Statement.

The Certificates were issued pursuant to a Trust Agreement (the “Trust Agreement”), attached hereto as Exhibit 4.1, dated as of December 1, 2002, among Structured Asset Securities Corporation, as depositor, Aurora Loan Services Inc., as Master Servicer, The Murrayhill Company, as Credit Risk Manager, and Wells Fargo Bank Minnesota, National Association, as Trustee. The “Certificates” consist of the following classes: Class A1, Class A2, Class A3, Class A-IO, Class A-4, Class M1, Class M2, Class M3, Class B, Class P, Class X and Class R. The Certificates evidence all of the beneficial ownership interest in a trust fund (the “Trust Fund”) that consists primarily of three pools of certain conventional, first and second lien, fixed and adjustable rate, fully amortizing and balloon, residential mortgage loans (the “Mortgage Loans”) with an aggregate outstanding principal balance of $641,919,617.66 as of December 1, 2002, together with certain other assets. Capitalized terms used herein and not otherwise defined shall have the meanings assigned to them in the Trust Agreement.

Item 7. Financial Statements; Pro Forma Financial Information and Exhibits

(a)

Not applicable.

(b)

Not applicable.

(c)

Exhibits:

1.1

Terms Agreement, dated December 23, 2002, between Structured Asset Securities Corporation, as Depositor, and Lehman Brothers Inc., as Representative of the Underwriters.

4.1

Trust Agreement, dated as of December 1, 2002, among Structured Asset Securities Corporation, as Depositor, Aurora Loan Services Inc., as Master Servicer, The Murrayhill Company, as Credit Risk Manager, and Wells Fargo Bank Minnesota, National Association, as Trustee.

99.1

Mortgage Loan Sale and Assignment Agreement, dated as of December 1, 2002, between Lehman Brothers Holdings Inc., as Seller, and Structured Asset Securities Corporation, as Purchaser.

99.2

Mortgage Loan Sale and Assignment Agreement, dated as of December 1, 2002, between Lehman Brothers Bank, FSB, as Seller, and Structured Asset Securities Corporation, as Purchaser.

99.3

Securitization Servicing Agreement, dated as of December 1, 2002, by and between Lehman Brothers Holdings Inc. and Lehman Brothers Bank, FSB, as Sellers, Aurora Loan Services Inc., as Master Servicer, and Ocwen Federal Bank FSB, as Servicer.

99.4

Subservicing Agreement, dated as of December 1, 2002, among Lehman Brothers Holdings Inc. and Lehman Brothers Bank, FSB, as Sellers, Aurora Loan Services Inc., as Master Servicer, and Option One Mortgage Corporation, as Servicer.

99.5

Securitization Servicing Agreement, dated as of December 1, 2002, by and between Lehman Brothers Holdings Inc. and Lehman Brothers Bank, FSB, as Sellers, Aurora Loan Services, Inc., as Master Servicer, and Option One Mortgage Corporation, as Servicer.

99.6

Servicing Agreement, dated as of December 1, 2002, by and between Lehman Brothers Bank, FSB and Lehman Brothers Holdings Inc., as Sellers, and Aurora Loan Services Inc. in the dual capacities of Master Servicer and Servicer.

99.7

Securitization Servicing Agreement, dated as of December 1, 2002, by and between Lehman Brothers Holdings Inc., as Seller, Aurora Loan Services Inc., as Master Servicer, and Fairbanks Capital Corp., as Servicer.

99.8

Mortgage Guaranty Insurance Corporation (“MGIC”), Master Policy (No. 22-400-4-2261), including (i) the Master Policy Declaration Page (form #71-70035); (ii) the Terms and Conditions (#71-7135); (iii) Endorsements #71-7139 8/94, #71-70165 (2/01) and #71-70179 (12/02); and (iv) the MGIC Commitment Certificate covering certain first lien Mortgage Loans with original loan-to-value ratios in excess of 80%.

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: Vice President

Dated: December 30, 2002

EXHIBIT INDEX

Exhibit No.

Description

Page No.

1.1

STRUCTURED ASSET SEC CORP MORT PASS THR CERT SER 2002-BC10 8-K