Item 1. Business:
Not applicable.
Item 2.
Item 2. Properties:
Not applicable.
Item 3.
Item 3. Legal Proceedings:
The registrant knows of no material pending legal proceedings involving the trust created under the Pooling and Servicing Agreement or any similar agreement (the Trust), the Trustee, the Master Servicer or the registrant with respect to the Trust.
Item 4.
Item 4. Submission of Matters to a Vote of Security-Holders
There were no matters submitted to a Vote of the Security Holders.
PART II
Item 5.
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
(a) There is no established public trading market for the certificates.
(b) Records provided by the Trustee indicate that there are approximately 22 holders of record of each class of certificates as of the end of the reporting year.
(c) Not applicable.
Item 6.
Item 6. Selected Financial Data.
Not applicable.
Item 7.
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operation.
Not applicable.
Item 7A.
Item 7A. Quantitative and Qualitative Disclosures About Market Risk.
Not applicable.
Item 8.
Item 8. Financial Statements and Supplementary Data.
Not applicable.
Item 9.
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.
Not applicable.
Item 9A.
Item 9A. Controls and Procedures.
Not applicable.
Item 9B.
Item 9B. Other Information.
Not applicable.
PART III
Item 10.
Item 10. Directors and Executive Officers of the Registrant
Not applicable.
Item 11.
Item 11. Executive Compensation.
Not applicable.
Item 12.
Item 12. Security Ownership of Certain Beneficial Owners and Management
Not applicable.
Item 13.
Item 13. Certain Relationships and Related Transactions.
Not applicable.
Item 14.
Item 14. Principal Accounting Fees and Services.
Not applicable.
PART IV
Item 15.
Item 15. Exhibits, Financial Statement Schedules.
(a) Exhibits
1 Annual Independent Accountant's Servicing Report ("USAP") for the year ended November 30, 2004 Aurora Loan Services LLC fka Aurora Loan Services Inc., as Servicer and accompanying Report of Management as to compliance with minimum servicing standards
2 Annual Independent Accountant's Servicing Report ("USAP") for the year ended December 31, 2004 Commercial Federal Bank, as Servicer and accompanying Report of Management as to compliance with minimum servicing standards
3 Annual Independent Accountant's Servicing Report ("USAP") for the year ended December 31, 2004 Countrywide Home Loans Servicing LP, as Servicer and accompanying Report of Management as to compliance with minimum servicing standards
4 Annual Independent Accountant's Servicing Report ("USAP") for the year ended December 31, 2004 GMAC Mortgage Corporation, as Servicer and accompanying Report of Management as to compliance with minimum servicing standards
5 Annual Independent Accountant's Servicing Report ("USAP") for the year ended December 31, 2004 SunTrust Mortgage, Inc., as Servicer and accompanying Report of Management as to compliance with minimum servicing standards
6 Annual Independent Accountant's Servicing Report ("USAP") for the year ended December 31, 2004 Waterfield Mortgage Company, Inc., as Servicer and accompanying Report of Management as to compliance with minimum servicing standards
7 Annual Independent Accountant's Servicing Report ("USAP") for the year ended December 31, 2004 Wells Fargo Home Mortgage, Inc., as Servicer and accompanying Report of Management as to compliance with minimum servicing standards
8 Annual Statement of Compliance for the year ended December 31, 2004 Aurora Loan Services LLC fka Aurora Loan Services Inc., as Master Servicer
9 Aggregate Statement of Principal and Interest Distributions to Certificate Holders for the year ended December 31, 2004
(b) Not applicable.
(c) Not applicable.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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.
Date: March 28, 2005 --------------
Aurora Loan Services LLC fka Aurora Loan Services Inc. as Master Servicer
By: /s/ E. Todd Whittemore ------------------------------ Name: E. Todd Whittemore Title: Executive Vice President Company: Aurora Loan Services LLC fka Aurora Loan Services Inc.
CERTIFICATION
I, E. Todd Whittemore, Executive Vice President of Aurora Loan Services LLC fka Aurora Loan Services Inc., certify that:
1. I have reviewed this annual report on Form 10-K, and all reports on Form 8-K containing distribution or servicing reports filed in respect of periods included in the year covered by this annual report, of the trust (the "Trust") created pursuant to the Trust Agreement dated January 1, 2004 (the "Agreement") among Structured Asset Securities Corp. (the "Depositor"), Aurora Loan Services LLC fka Aurora Loan Services Inc. (the "Master Servicer") and Citibank, N.A. (the "Trustee");
2. Based on my knowledge, the information in these reports, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not mis- leading as of the last day of the period covered by this annual report;
3. Based on my knowledge, the servicing information required to be provided to the trustee by the servicer under the Agreement for inclusion in these reports is included in these reports;
4. I am responsible for reviewing the activities performed by the servicer under the Agreement and based upon my knowledge and the annual compliance review required under the Agreement, and except as disclosed in the reports, the servicer has fulfilled its obligations under the Agreement; and
5. The reports disclose all significant deficiencies relating to the servicer's compliance with the minimum servicing standards based upon the report provided by an independent public accountant, after conducting a review in compliance with the Uniform Single Attestation Program for Mortgage Bankers as set forth in the Agreement, that is included in these reports.
In giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated parties: Citibank, N.A., as trustee; Commercial Federal Bank, as servicer; Countrywide Home Loans Servicing LP, as servicer; GMAC Mortgage Corporation, as servicer; SunTrust Mortgage, Inc.,as servicer; Waterfield Mortgage Company, Inc., as servicer; Wells Fargo Home Mortgage, Inc., as servicer.
Date: March 28, 2005 --------------
By: /s/ E. Todd Whittemore -------------------------- Name: E. Todd Whittemore Title: Executive Vice President Company: Aurora Loan Services LLC fka Aurora Loan Services Inc.