8-K 1 usbb36103252004.txt 8-K 1 none CT.INFORMATION.DELIVERY@USBANK.COM 03/25/04 1 8-K Structured Asset Securities Corporation Mortgage Pass-Through Certificates Series 2004-6XS SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934 Date of Report: 03/25/04 (Date of earliest event reported) Structured Asset Securities Corporation Mortgage Pass-Through Certificates Series 2004-6XS (Exact name of registrant as specified in governing instruments) New York (State or other Jurisdiction of Incorporation) c/o US Bank NA Corporate Trust Department 1 Federal Street, 3rd Floor Boston, MA 02110 (Address of Principal Executive Offices) (Zip Code) (704) 374-6828 (Registrant's telephone number, including area code) Commission File Number 333-106925 74-2440850 (I.R.S. Employer Identification No.) Not Applicable (Former name, former address and former fiscal year if changed since last report) Structured Asset Securities Corporation Mortgage Pass-Through Certificates Series 2004-6XS FORM 8-K INDEX ITEM DESCRIPTION PAGE NUMBER Item 5. Other Event 3 Item 7. Financial Statements and Exhibits 3 Signatures 3 Exhibit A Trustee's Report to Bondholders 4 Structured Asset Securities Corporation Mortgage Pass-Through Certificates Series 2004-6XS FORM 8-K ITEMS AND SIGNATURES ITEMS Item 5. Other Events See Exhibit A, the Trustee's Report to Bondholders attached hereto. Item 7. Financial Statements and Exhibits See Exhibit A, the Trustee's Report to Bondholders attached hereto. SIGNATURES Pursuant to the requirement of the Securities Exchange Act of 1934, the registrar has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Structured Asset Securities Corporation Mortgage Pass-Through Certificates Series 2004-6XS (Registrant) Date: 03/25/04 By: Name: Diana Kenneally Title: Assistant Vice President US Bank as Trustee Structured Asset Securities Corporation Mortgage Pass-Through Certificates Series 2004-6XS Report to Certificateholders for Payment Date: March 25, 2004 Payment Summary Pass-Thru Int Org Beg Prin Class CUSIP Rate Type Balance Balance Paid ---------------------------------------------------------------------------------------------- A1A 86359BJN2 0.012600 Variable 66,500,000.00 66,500,000.00 3,323,051.64 A1B 86359BJP7 0.018700 Variable 30,000,000.00 30,000,000.00 1,499,121.04 A1C 86359BMA6 0.028500 Variable 26,617,000.00 26,617,000.00 1,330,070.16 A2 86359BJQ5 0.032100 Variable 37,875,000.00 37,875,000.00 0.00 A3 86359BJR3 0.049700 Variable 10,000,000.00 10,000,000.00 0.00 A4 86359BJS1 0.060000 Variable 56,347,000.00 56,347,000.00 0.00 A5A 86359BJT9 0.055300 Variable 17,000,000.00 17,000,000.00 0.00 A5B 86359BMB4 0.055500 Variable 36,863,000.00 36,863,000.00 0.00 A6 86359BJU6 0.046300 Variable 31,245,000.00 31,245,000.00 0.00 M1 86359BJV4 0.049200 Variable 7,448,000.00 7,448,000.00 0.00 M2 86359BJW2 0.051600 Variable 7,448,000.00 7,448,000.00 0.00 M3 86359BJX0 0.056500 Variable 3,310,000.00 3,310,000.00 0.00 P N/A 0.000000 N/A 0.00 0.00 0.00 X N/A 0.000000 N/A 0.00 0.00 0.00 R N/A 0.000000 N/A 0.00 0.00 0.00 * Reflects the application of Net Fund CapTotals: 330,653,000.00 330,653,000.00 6,152,242.84

Interest Total Ending Paid Paid Balance 62,842.50 3,385,894.14 63,176,948.36 43,633.33 1,542,754.37 28,500,878.96 59,001.02 1,389,071.17 25,286,929.84 101,315.63 101,315.63 37,875,000.00 41,416.67 41,416.67 10,000,000.00 281,735.00 281,735.00 56,347,000.00 78,341.67 78,341.67 17,000,000.00 170,491.38 170,491.38 36,863,000.00 120,553.63 120,553.63 31,245,000.00 30,536.80 30,536.80 7,448,000.00 32,026.40 32,026.40 7,448,000.00 15,584.58 15,584.58 3,310,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,037,478.59 7,189,721.43 324,500,757.16 Distributions Per Certificate Beginning Principal Interest Ending Class Certificate Fac Distribution Distribution Certificate Fac A1A 1.00000000 49.97070135 0.94500000 0.95002930 A1B 1.00000000 49.97070135 1.45444444 0.95002930 A1C 1.00000000 49.97070135 2.21666667 0.95002930 A2 1.00000000 0.00000000 2.67500000 1.00000000 A3 1.00000000 0.00000000 4.14166667 1.00000000 A4 1.00000000 0.00000000 5.00000000 1.00000000 A5A 1.00000000 0.00000000 4.60833333 1.00000000 A5B 1.00000000 0.00000000 4.62500000 1.00000000 A6 1.00000000 0.00000000 3.85833333 1.00000000 M1 1.00000000 0.00000000 4.10000000 1.00000000 M2 1.00000000 0.00000000 4.30000000 1.00000000 M3 1.00000000 0.00000000 4.70833333 1.00000000 P N/A N/A N/A N/A X N/A N/A N/A N/A R N/A N/A N/A N/A represents net payment per certificate Principal Detail Beginning Scheduled Unscheduled Ohter/Princ Total Prin Realized Ending Deferrede Class Balance Principal Principal Cash Adjus Dist Amount Losses Balance Amount A1A 66,500,000.00 113,914.60 3,209,137.04 0.00 3,323,051.640.00 63,176,948.36 0.00 A1B 30,000,000.00 51,390.04 1,447,731.00 0.00 1,499,121.040.00 28,500,878.96 0.00 A1C 26,617,000.00 45,594.96 1,284,475.20 0.00 1,330,070.160.00 25,286,929.84 0.00 A2 37,875,000.00 0.00 0.00 0.00 0.00 0.00 37,875,000.00 0.00 A3 10,000,000.00 0.00 0.00 0.00 0.00 0.00 10,000,000.00 0.00 A4 56,347,000.00 0.00 0.00 0.00 0.00 0.00 56,347,000.00 0.00 A5A 17,000,000.00 0.00 0.00 0.00 0.00 0.00 17,000,000.00 0.00 A5B 36,863,000.00 0.00 0.00 0.00 0.00 0.00 36,863,000.00 0.00 A6 31,245,000.00 0.00 0.00 0.00 0.00 0.00 31,245,000.00 0.00 M1 7,448,000.00 0.00 0.00 0.00 0.00 0.00 7,448,000.00 0.00 M2 7,448,000.00 0.00 0.00 0.00 0.00 0.00 7,448,000.00 0.00 M3 3,310,000.00 0.00 0.00 0.00 0.00 0.00 3,310,000.00 0.00 P 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 X 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Totals: 330,653,000.00 210,899.60 5,941,343.24 0.00 6,152,242.840.00 324,500,757.16 0.00 Cumulative Realized Losses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Interest Detail Accrued Deferred Preyment Current Int Prepayment Other Int Total Interest Cumulative Class Cert Int Int Int Shtfl Shtfl Premiums Adjustment Dist. Amount Interest Sht A1A 62,842.50 0.00 0.00 0.00 0.00 0.00 62,842.50 0.00 A1B 43,633.33 0.00 0.00 0.00 0.00 0.00 43,633.33 0.00 A1C 59,001.02 0.00 0.00 0.00 0.00 0.00 59,001.02 0.00 A2 101,315.63 0.00 0.00 0.00 0.00 0.00 101,315.63 0.00 A3 41,416.67 0.00 0.00 0.00 0.00 0.00 41,416.67 0.00 A4 281,735.00 0.00 0.00 0.00 0.00 0.00 281,735.00 0.00 A5A 78,341.67 0.00 0.00 0.00 0.00 0.00 78,341.67 0.00 A5B 170,491.38 0.00 0.00 0.00 0.00 0.00 170,491.38 0.00 A6 120,553.63 0.00 0.00 0.00 0.00 0.00 120,553.63 0.00 M1 30,536.80 0.00 0.00 0.00 0.00 0.00 30,536.80 0.00 M2 32,026.40 0.00 0.00 0.00 0.00 0.00 32,026.40 0.00 M3 15,584.58 0.00 0.00 0.00 0.00 0.00 15,584.58 0.00 P 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 X 826,333.96 826,333.96 0.00 0.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Totals:1,863,812.55 826,333.96 0.00 0.00 0.00 0.00 1,037,478.59 0.00 Cumulative Deferred Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 826,333.96 0.00 826,333.96

Trustee Report to Certificateholders Mortgage Loan Activity for Related Payment Date: # of Mortgage Beg Agg Sta End Agg Sta Int Remit Prin Remit Loans Princ Bal Princ Bal Amount Amount 1,471 330,982,119.94 325,656,211.06 1,866,577.27 5,325,908.88 Substitution of Mortgage Loans Information Deleted Scheduled Qualifying Substitute Mortgage Loan Prin Balance Mortgage Loan N/A N/A N/A N/A N/A N/A Overcollateralization Information Target Overcollateralization Overcollateralization Amount 1,158,437.00 1,155,453.90 Aggregate OC Overcollateralization Release Amount Deficiency 0.00 2,983.10 Aggregate Delinquency information for related Payment Date: 1 Mont 2 Months 3+ Months Bankrupy Foreclosures # of Loans 2 0 0 0 1 AggPrin Bal 548,712.47 571,394.88 0. 0. 0. 0. REO Loan # 0 0.00 Fees & Insurance Premium Information Master Servicing Fees 76,126.32 Cert. Insurance Premium 2,764.73 Advance Information Aggreg. Advances Required 2,052,198.69 Aggreg. Advances Made 2,052,198.69 0.00 Net Fund Cap Shortfalls Summary Payment to Cumulative Class Beg Shortfall Current Shortfall Shortfall Shortfall A1A 0.00 0.00 0.00 0.00 A1B 0.00 0.00 0.00 0.00 A1C 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 A5A 0.00 0.00 0.00 0.00 A5B 0.00 0.00 0.00 0.00 A6 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 Totals: 0.00 0.00 0.00 0.00 Realized Losses Incurred from Mortgage Loans Summary Current Month Since Cutoff - - Payment from Cap Provider Class A1A Cert. Interest Rate & Libor Info Basis Risk Cap -Class A1A Interest Rate 1.2600% Class X Cap -Libor rate 1.0900%

STRUCTURED ASSET SEC CORP MORT PASS THR CERTS SER 2004 6XS 8-K