Structured Adjustable Rate Mortgage Loan Trust  Mortgage Pass-Through Certificates, Series
2005-9XS
Distribution Date:          07/25/2005
Record Date:                06/30/2005

Distribution Summary

DISTRIBUTION IN DOLLARS

                                                  Prior         Pass-                                                                                     Current
                            Original              Principal     Through       Interest    Principal     Total          Deferred               Realized    Principal
Class                       Balance               Balance       Rate          Distributed Distributed   Distributed    Interest               Loss        Balance
(1)                         (2)                   (3)           (4)           (5)         (6)           (7)=(5+6)      (8)                    (9)         (10)=(3-6+8-9)

A1AI                        125,847,000.00        122,550,644.463.454380%     329,261.72  6,358,253.43  6,687,515.15   0.00                   0.00        116,192,391.03

A1BI                        38,000,000.00         37,004,652.39 4.360000%     134,450.24  1,919,899.80  2,054,350.04   0.00                   0.00        35,084,752.59

A2AI                        22,402,000.00         22,402,000.00 4.840000%     90,354.73   0.00          90,354.73      0.00                   0.00        22,402,000.00

A2BI                        6,000,000.00          6,000,000.00  6.500000%     32,500.00   0.00          32,500.00      0.00                   0.00        6,000,000.00

A2CI                        435,000.00            435,000.00    4.950000%     1,794.38    0.00          1,794.38       0.00                   0.00        435,000.00

A3AI                        59,628,000.00         59,628,000.00 5.250000%     260,872.50  0.00          260,872.50     0.00                   0.00        59,628,000.00

A3BI                        16,000,000.00         16,000,000.00 5.380000%     71,733.33   0.00          71,733.33      0.00                   0.00        16,000,000.00

A3CI                        1,159,000.00          1,159,000.00  5.360000%     5,176.87    0.00          5,176.87       0.00                   0.00        1,159,000.00

A3DI                        6,500,000.00          6,500,000.00  5.300000%     28,708.33   0.00          28,708.33      0.00                   0.00        6,500,000.00

A4I                         30,663,000.00         30,663,000.00 5.040000%     128,784.60  0.00          128,784.60     0.00                   0.00        30,663,000.00

A1II                        150,000,000.00        147,090,852.903.614380%     443,035.20  2,779,007.97  3,222,043.17   0.00                   0.00        144,311,844.93

A2II                        32,527,000.00         31,896,161.15 3.604380%     95,804.90   602,618.61    698,423.51     0.00                   0.00        31,293,542.54

A3II                        2,355,000.00          2,309,326.39  3.754380%     7,225.07    43,630.43     50,855.50      0.00                   0.00        2,265,695.96

M1                          13,128,000.00         13,128,000.00 3.764380%     38,436.83   0.00          38,436.83      0.00                   0.00        13,128,000.00

M2                          10,502,000.00         10,502,000.00 3.964380%     32,381.94   0.00          32,381.94      0.00                   0.00        10,502,000.00

M3                          7,877,000.00          7,877,000.00  5.064380%     31,027.21   0.00          31,027.21      0.00                   0.00        7,877,000.00

M4                          2,101,000.00          2,101,000.00  6.064380%     9,909.87    0.00          9,909.87       0.00                   0.00        2,101,000.00

X                           30.40                 979,809.95    0.000000%     46,089.49   0.00          46,089.49      858,024.05             0.00        1,837,834.00

CX                          0.00                  0.00          0.000000%     0.00        0.00          0.00           0.00                   0.00        0.00

P                           100.00                100.00        0.000000%     19,013.77   0.00          19,013.77      0.00                   0.00        100.00

R                           0.00                  0.00          0.000000%     0.00        0.00          0.00           0.00                   0.00        0.00

Totals                      525,124,130.40        518,226,547.24              1,806,560.9811,703,410.24 13,509,971.22  0.00                   0.00        503,442,227.05

Notional Classes

A4II                        85,000,000.00         83,351,483.31 2.135620%     148,339.25  0.00          148,339.25     0.00                   0.00        81,776,712.13

Distribution Summary (Factors)

PER $1,000 OF ORIGINAL BALANCE

                                                  Prior                                                                                       Current
                                                  Principal     Interest      Principal   Total         Deferred       Realized               Principal
                                                                Distributed
Class                       CUSIP                 Balance       (5/2 x 1000)  Distributed Distributed   Interest       Loss                   Balance
                                                  (3/2 x 1000)                (6/2 x 1000)(7/2 x 1000)  (8/2 x 1000)   (9/2 x 1000)           (10/2 x
                                                                                                                                              1000)

A1AI                        86359DDN4             973.806642    2.616365      50.523679   53.140044     0.000000       0.000000               923.282963

A1BI                        86359DDP9             973.806642    3.538164      50.523679   54.061843     0.000000       0.000000               923.282963

A2AI                        86359DDQ7             1,000.000000  4.033333      0.000000    4.033333      0.000000       0.000000               1,000.000000

A2BI                        86359DDR5             1,000.000000  5.416667      0.000000    5.416667      0.000000       0.000000               1,000.000000

A2CI                        86359DEL7             1,000.000000  4.125011      0.000000    4.125011      0.000000       0.000000               1,000.000000

A3AI                        86359DEM5             1,000.000000  4.375000      0.000000    4.375000      0.000000       0.000000               1,000.000000

A3BI                        86359DEN3             1,000.000000  4.483333      0.000000    4.483333      0.000000       0.000000               1,000.000000

A3CI                        86359DEP8             1,000.000000  4.466670      0.000000    4.466670      0.000000       0.000000               1,000.000000

A3DI                        86359DEQ6             1,000.000000  4.416666      0.000000    4.416666      0.000000       0.000000               1,000.000000

A4I                         86359DER4             1,000.000000  4.200000      0.000000    4.200000      0.000000       0.000000               1,000.000000

A1II                        86359DDS3             980.605686    2.953568      18.526720   21.480288     0.000000       0.000000               962.078966

A2II                        86359DES2             980.605686    2.945396      18.526720   21.472116     0.000000       0.000000               962.078966

A3II                        86359DET0             980.605686    3.067970      18.526722   21.594692     0.000000       0.000000               962.078964

M1                          86359DDU8             1,000.000000  2.927851      0.000000    2.927851      0.000000       0.000000               1,000.000000

M2                          86359DDV6             1,000.000000  3.083407      0.000000    3.083407      0.000000       0.000000               1,000.000000

M3                          86359DDW4             1,000.000000  3.938963      0.000000    3.938963      0.000000       0.000000               1,000.000000

M4                          86359DFG7             1,000.000000  4.716740      0.000000    4.716740      0.000000       0.000000               1,000.000000

P                                                 1,000.000000  190,137.7000000.000000    190,137.7000000.000000       0.000000               1,000.000000

A4II                        86359DDT1             980.605686    1.745168      0.000000    1.745168      0.000000       0.000000               962.078966

Interest Distribution Detail

DISTRIBUTION IN DOLLARS

                            Prior                 Pass-         Optimal       Prior       Non-Recov                                                       Current
                            Principal             Through       Accrued       Unpaid      Interest      Interest       Deferred               Interest    Unpaid
                                                                                                                                              Distributed
Class                       Balance               Rate          Interest      Interest    Shortfall     Due            Interest               (9)         Interest
(1)                         (2)                   (3)           (4)           (5)         (6)           (7)=(4)+(5)-(6)(8)                                (10)=(7)-(8)-(9)

A1AI                        122,550,644.46        3.454380%     329,261.72    0.00        0.00          329,261.72     0.00                   329,261.72  0.00

A1BI                        37,004,652.39         4.360000%     134,450.24    0.00        0.00          134,450.24     0.00                   134,450.24  0.00

A2AI                        22,402,000.00         4.840000%     90,354.73     0.00        0.00          90,354.73      0.00                   90,354.73   0.00

A2BI                        6,000,000.00          6.500000%     32,500.00     0.00        0.00          32,500.00      0.00                   32,500.00   0.00

A2CI                        435,000.00            4.950000%     1,794.38      0.00        0.00          1,794.38       0.00                   1,794.38    0.00

A3AI                        59,628,000.00         5.250000%     260,872.50    0.00        0.00          260,872.50     0.00                   260,872.50  0.00

A3BI                        16,000,000.00         5.380000%     71,733.33     0.00        0.00          71,733.33      0.00                   71,733.33   0.00

A3CI                        1,159,000.00          5.360000%     5,176.87      0.00        0.00          5,176.87       0.00                   5,176.87    0.00

A3DI                        6,500,000.00          5.300000%     28,708.33     0.00        0.00          28,708.33      0.00                   28,708.33   0.00

A4I                         30,663,000.00         5.040000%     128,784.60    0.00        0.00          128,784.60     0.00                   128,784.60  0.00

A1II                        147,090,852.90        3.614380%     443,035.20    0.00        0.00          443,035.20     0.00                   443,035.20  0.00

A2II                        31,896,161.15         3.604380%     95,804.90     0.00        0.00          95,804.90      0.00                   95,804.90   0.00

A3II                        2,309,326.39          3.754380%     7,225.07      0.00        0.00          7,225.07       0.00                   7,225.07    0.00

M1                          13,128,000.00         3.764380%     38,436.83     0.00        0.00          38,436.83      0.00                   38,436.83   0.00

M2                          10,502,000.00         3.964380%     32,381.94     0.00        0.00          32,381.94      0.00                   32,381.94   0.00

M3                          7,877,000.00          5.064380%     31,027.21     0.00        0.00          31,027.21      0.00                   31,027.21   0.00

M4                          2,101,000.00          6.064380%     9,909.87      0.00        0.00          9,909.87       0.00                   9,909.87    0.00

X                           979,809.95            0.000000%     904,113.54    0.00        0.00          904,113.54     858,024.05             46,089.49   0.00

CX                          0.00                  0.000000%     0.00          0.00        0.00          0.00           0.00                   0.00        0.00

P                           100.00                0.000000%     19,013.77     0.00        0.00          19,013.77      0.00                   19,013.77   0.00

R                           0.00                  0.000000%     0.00          0.00        0.00          0.00           0.00                   0.00        0.00

  Totals                    518,226,547.24                      2,664,585.03  0.00        0.00          2,664,585.03   0.00                   1,806,560.980.00

Notional Classes

A4II                        83,351,483.31         2.135620%     148,339.25    0.00        0.00          148,339.25     0.00                   148,339.25  0.00

Principal Distribution
Detail

DISTRIBUTION IN DOLLARS

                                                  Prior                                   Current       Current        Current                Cumulative
                            Original              Principal     Principal     Accreted    Realized      Principal      Principal              Realized
Class                       Balance               Balance       Distribution  Principal   Losses        Recoveries     Balance                Losses
(1)                         (2)                   (3)           (4)           (5)         (6)           (7)            (8)=(3)-(4)+(5)-(6)+(7)(9)

A1AI                        125,847,000.00        122,550,644.466,358,253.43  0.00        0.00          0.00           116,192,391.03         0.00

A1BI                        38,000,000.00         37,004,652.39 1,919,899.80  0.00        0.00          0.00           35,084,752.59          0.00

A2AI                        22,402,000.00         22,402,000.00 0.00          0.00        0.00          0.00           22,402,000.00          0.00

A2BI                        6,000,000.00          6,000,000.00  0.00          0.00        0.00          0.00           6,000,000.00           0.00

A2CI                        435,000.00            435,000.00    0.00          0.00        0.00          0.00           435,000.00             0.00

A3AI                        59,628,000.00         59,628,000.00 0.00          0.00        0.00          0.00           59,628,000.00          0.00

A3BI                        16,000,000.00         16,000,000.00 0.00          0.00        0.00          0.00           16,000,000.00          0.00

A3CI                        1,159,000.00          1,159,000.00  0.00          0.00        0.00          0.00           1,159,000.00           0.00

A3DI                        6,500,000.00          6,500,000.00  0.00          0.00        0.00          0.00           6,500,000.00           0.00

A4I                         30,663,000.00         30,663,000.00 0.00          0.00        0.00          0.00           30,663,000.00          0.00

A1II                        150,000,000.00        147,090,852.902,779,007.97  0.00        0.00          0.00           144,311,844.93         0.00

A2II                        32,527,000.00         31,896,161.15 602,618.61    0.00        0.00          0.00           31,293,542.54          0.00

A3II                        2,355,000.00          2,309,326.39  43,630.43     0.00        0.00          0.00           2,265,695.96           0.00

M1                          13,128,000.00         13,128,000.00 0.00          0.00        0.00          0.00           13,128,000.00          0.00

M2                          10,502,000.00         10,502,000.00 0.00          0.00        0.00          0.00           10,502,000.00          0.00

M3                          7,877,000.00          7,877,000.00  0.00          0.00        0.00          0.00           7,877,000.00           0.00

M4                          2,101,000.00          2,101,000.00  0.00          0.00        0.00          0.00           2,101,000.00           0.00

X                           30.40                 979,809.95    0.00          858,024.05  0.00          0.00           1,837,834.00           0.00

CX                          0.00                  0.00          0.00          0.00        0.00          0.00           0.00                   0.00

P                           100.00                100.00        0.00          0.00        0.00          0.00           100.00                 0.00

R                           0.00                  0.00          0.00          0.00        0.00          0.00           0.00                   0.00

  Totals                    525,124,000.00        518,226,547.2411,703,410.24 1,741,457.7211,703,410.24 0.00           507,381,161.05         0.00

Collateral Summary - Group 1

ASSET CHARACTERISTICS

                            Cut-Off               Prior         Current

Aggregate Stated Principal
Balance                     327,601,109.85        323,921,906.98316,178,390.91

Loan Count                  1,645                 1,624         1,592

Weighted Average Coupon Rate
(WAC)                       6.873373%             6.863500%     N/A

Net Weighted Average Coupon
Rate (Net WAC)              6.628208%             6.616367%     N/A

Weighted Average Maturity
(WAM in months)             359                   353           352

AVAILABLE PRINCIPAL         AVAILABLE INTEREST

Scheduled Interest          1,852,698.30
Curtailments                252,801.64
Less:                       Servicing Fees        66,202.82
Uncompensated PPIS          0.00
Insurance Premium for Class
1- A3A                      3,478.30
Relief Act Shortfall        0.00
Other Interest Reductions   0.00
TOTAL AVAILABLE PRINCIPAL   77,091.00
TOTAL AVAILABLE INTEREST    1,783,017.18
Current Realized Losses     0.00
Cumulative Realized Losses  0.00

Collateral Summary - Group 2

ASSET CHARACTERISTICS

                            Cut-Off               Prior         Current

Aggregate Stated Principal
Balance                     197,523,020.55        194,304,640.26191,202,770.15

Loan Count                  1,071                 1,055         1,037

Weighted Average Coupon Rate
(WAC)                       6.499651%             6.496420%     N/A

Net Weighted Average Coupon
Rate (Net WAC)              6.249509%             6.246276%     N/A

Weighted Average Maturity
(WAM in months)             354                   358           357

AVAILABLE PRINCIPAL         AVAILABLE INTEREST

Scheduled Interest          1,051,904.04
Curtailments                30,086.73
Less:                       Servicing Fees        40,503.69
Insurance Fees              0.00
Uncompensated PPIS          0.00
Relief Act Shortfall        0.00
Other Interest Reductions   0.00
TOTAL AVAILABLE PRINCIPAL   77,091.00
TOTAL AVAILABLE INTEREST    1,011,400.35
Current Realized Losses     0.00
Cumulative Realized Losses  0.00

Delinquency Information

 GROUP 1

Less Than
30 Days                     30-59 Days            60-89 Days    90+ Days      Totals

Delinquency

Scheduled Principal Balance 1,951,848.30          0.00          0.00          1,951,848.30
Percentage of Total Pool
Balance                     0.6173%               0.0000%       0.0000%       0.6173%
Number of Loans             5                     0             0             5

Percentage of Total Loans   0.3141%               0.0000%       0.0000%       0.3141%
Bankruptcy

Scheduled Principal Balance 228,985.51            0.00          0.00          0.00        228,985.51
Percentage of Total Pool
Balance                     0.0724%               0.0000%       0.0000%       0.0000%     0.0724%

Number of Loans             1                     0             0             0           1
Percentage of Total Loans   0.0628%               0.0000%       0.0000%       0.0000%     0.0628%

Foreclosure

Scheduled Principal Balance 365,009.51            0.00          0.00          0.00        365,009.51
Percentage of Total Pool
Balance                     0.0000%               0.0000%       0.0000%       0.0000%     0.1154%

Number of Loans             1                     0             0             0           1
Percentage of Total Loans   0.0628%               0.0000%       0.0000%       0.0000%     0.0628%

REO

Scheduled Principal Balance                       0.00          0.00          0.00        0.00
Percentage of Total Pool Balance                  0.0000%       0.0000%       0.0000%     0.0000%

Number of Loans                                   0             0             0           0
Percentage of Total Loans                         0.0000%       0.0000%       0.0000%     0.0000%

Total

Scheduled Principal Balance 593,995.02            1,951,848.30  0.00          0.00        2,545,843.32
Percentage of Total Pool
Balance                     0.1879%               0.6173%       0.0000%       0.0000%     0.8052%

Number of Loans             2                     5             0             0           7
Percentage of Total Loans   0.1256%               0.3141%       0.0000%       0.0000%     0.4397%

Principal and Interest
Advances                    1,458,384.89

Delinquency Information

 GROUP 2

Less Than
30 Days                     30-59 Days            60-89 Days    90+ Days      Totals

Delinquency

Scheduled Principal Balance 255,920.00            0.00          0.00          255,920.00
Percentage of Total Pool
Balance                     0.1338%               0.0000%       0.0000%       0.1338%
Number of Loans             2                     0             0             2

Percentage of Total Loans   0.1929%               0.0000%       0.0000%       0.1929%
Bankruptcy

Scheduled Principal Balance 152,800.00            0.00          0.00          0.00        152,800.00
Percentage of Total Pool
Balance                     0.0799%               0.0000%       0.0000%       0.0000%     0.0799%

Number of Loans             1                     0             0             0           1
Percentage of Total Loans   0.0964%               0.0000%       0.0000%       0.0000%     0.0964%

Foreclosure

Scheduled Principal Balance                       0.00          0.00          0.00        0.00
Percentage of Total Pool Balance                  0.0000%       0.0000%       0.0000%     0.0000%

Number of Loans                                   0             0             0           0
Percentage of Total Loans                         0.0000%       0.0000%       0.0000%     0.0000%

REO

Scheduled Principal Balance                       0.00          0.00          0.00        0.00
Percentage of Total Pool Balance                  0.0000%       0.0000%       0.0000%     0.0000%

Number of Loans                                   0             0             0           0
Percentage of Total Loans                         0.0000%       0.0000%       0.0000%     0.0000%

Total

Scheduled Principal Balance 152,800.00            255,920.00    0.00          0.00        408,720.00
Percentage of Total Pool
Balance                     0.0799%               0.1338%       0.0000%       0.0000%     0.2138%

Number of Loans             1                     2             0             0           3
Percentage of Total Loans   0.0964%               0.1929%       0.0000%       0.0000%     0.2893%

Principal and Interest
Advances                    783,547.47

Other Information

Class 1-A1A Current Cap
Agreement Amount            0.00
Class 1-A1A Next Cap
Agreement Amount            0.00

Class 2-A1  Current Cap
Agreement Amount            0.00
Class 2-A1  Next Cap
Agreement Amount            0.00

Class 2-A2  Current Cap
Agreement Amount            0.00
Class 2-A2  Next Cap
Agreement Amount            0.00

Class 2-A3  Current Cap
Agreement Amount            0.00
Class 2-A3  Next Cap
Agreement Amount            0.00

Reserve Fund                1,000.00

Current Libor               3.314380%

A1AI Next Pass-Through Rate 3.600000%
A1II Next Pass-Through Rate 3.760000%
A2II Next Pass-Through Rate 3.750000%
A3II Next Pass-Through Rate 3.900000%
M1 Next Pass-Through Rate   3.910000%
A4II Next Pass-Through Rate 1.990000%
M2 Next Pass-Through Rate   4.110000%
M3 Next Pass-Through Rate   5.210000%
M4 Next Pass-Through Rate   6.210000%

CONTACT INFORMATION         CONTENTS

Distribution Summary        2
Depositor                   Structured Asset
                            Securities Corporation
Distribution Summary
(Factors)                   2

New York, NY  10019
Interest Distribution       2
Underwriter                 Lehman Brothers
745 Seventh Avenue, 7th
Floor
Principal Distribution      2
New York, NY  10019

Collateral Summary          1
2530 South Parker Road, Suite 601

Delinquency Information     2

Trustee                     Citibank, N.A.
Other Information           2

New York, NY  10013

Deal Contact:               Karen Schluter        Citibank, N.A.
karen.schluter@citigroup.com                      Agency and
                                                  Trust
                                                  388 Greenwich
Tel: (212) 816-5827                               Street, 14th
                                                  Floor
Fax: (212) 816-5527                               New York, NY
                                                  10013

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                            www.sf.citidirect.com 2005 Citigroup

Structured Asset Securities Corp. 2005-9XS 8-K