Item 1. Business.
Not applicable.
Item 1A.
Item 1A. Risk Factors.
Not applicable.
Item 1B.
Item 1B. Unresolved Staff Comments.
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 Trust Agreement (the Trust), the Trustee, the Master Servicer or the registrant with the respect to the Trust other than routine litigation incidental to the duties of the respective parties.
Item 4.
Item 4. Submission of Matters to a Vote of Security Holders.
None.
PART II
Item 5.
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
No established public trading market for the Certificate exists.
Records provided to the Trust by the DTC and the Trustee indicate That as of December 31, 2005, the total number of holders of record for the series of certificates is 40.
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.
None.
Item 9A.
Item 9A. Controls and Procedures.
Not applicable.
Item 9B.
Item 9B. Other Information.
None.
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 and Related Stockholder Matters.
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, 2005 Aurora Loan Services LLC, 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, 2005 ABN AMRO Mortgage Group,Inc., 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, 2005 Bank of America, N.A., 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, 2005 Chase Home Finance LLC, 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, 2005 Citimortgage, 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, 2005 Colonial Savings, F.A., as Servicer and accompanying Report of Management as to compliance with minimum servicing standards
8 Annual Independent Accountant's Servicing Report ("USAP") for the year ended December 31, 2005 Countrywide Home Loans, Inc., as Servicer and accompanying Report of Management as to compliance with minimum servicing standards
9 Annual Independent Accountant's Servicing Report ("USAP") for the year ended December 31, 2005 GMAC Mortgage Corporation, as Servicer and accompanying Report of Management as to compliance with minimum servicing standards
10 Annual Independent Accountant's Servicing Report ("USAP") for the year ended December 31, 2005 National City Mortgage Company, as Servicer and accompanying Report of Management as to compliance with minimum servicing standards
11 Annual Independent Accountant's Servicing Report ("USAP") for the year ended December 31, 2005 Washington Mutual Bank, as Servicer and accompanying Report of Management as to compliance with minimum servicing standards
12 Annual Independent Accountant's Servicing Report ("USAP") for the year ended December 31, 2004 Wells Fargo Bank, N.A., as Servicer and accompanying Report of Management as to compliance with minimum servicing standards
13 Annual Statement of Compliance for the year ended December 31, 2005 Aurora Loan Services LLC, as Master Servicer
14 Aggregate Statement of Principal and Interest Distributions to Certificate Holders for the year ended December 31, 2005
(b) Not applicable.
(c) Omitted.
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:
Structured Asset Securities Corporation (Registrant)
Signed: Aurora Loan Services LLC as Master Servicer
By: E. Todd Whittemore, Executive Vice President
By: /s/ E. Todd Whittemore, Executive Vice President
Dated: March 30, 2006
CERTIFICATION
I, E. Todd Whittemore, 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 Structured Asset Securities Corp., Mortgage Pass-Through Certificates Series 2005-2XS Trust;
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 misleading as of the last day of the period covered by this annual report;
3. Based on my knowledge, the distribution or servicing information required to be provided to the trustee by the master servicer under the Pooling and Servicing or similar, agreement, for inclusion in these reports is included in these reports;
4. I am responsible for reviewing the activities performed by the master servicer under the pooling and servicing, or similar, agreement, and based on upon my knowledge and the annual compliance review required under that agreement, and except as disclosed in the reports, the master servicer has fulfilled its obligations under that 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 or similar procedure, as set forth in the pooling and servicing, or similar, 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 securities administrator; ABN Amro Mortgage Group, Inc., as servicer; Bank of America, N.A., as servicer; Chase Home Finance LLC, as servicer; Citimortgage, Inc.,as servicer; Colonial Savings, F.A., as servicer; Countrywide Home Loans, Inc., as servicer; GMAC Mortgage Corporation, as servicer; National City Mortgage Company, as servicer; Washington Mutual Bank, F.A.,as servicer; Wells Fargo Bank, N.A., as servicer.
Date: March 30, 2006
/s/ E. Todd Whittemore Signature
Executive Vice President Title