SECURITIES AND EXCHANGE COMMISSION


                             Washington, D.C. 20549



                                    FORM 8-K

                                 CURRENT REPORT

                Pursuant to Section 13 or 15(d) of the Securities
                              Exchange Act of 1934



         Date of Report (Date of earliest event reported) : April 25, 1996

         STRUCTURED ASSET SECURITIES CORPORATION (as depositor under the 
         Trust Agreement,  dated as of April 1, 1996, providing  for  the  
         issuance of Structured  Asset  Securities   Corporation  Mortgage
         Pass-Through Certificates, Series GreenPoint 1996-A)
                   
                    STRUCTURED ASSET SECURITIES CORPORATION
             (Exact name of registrant as specified in its charter)


           Delaware                       33-99598                  74-2440850
(State or other jurisdiction       (Commission File Number)       (IRS Employer
of incorporation or organization)                            Identification No.)

     200 Vesey Street
   New York, New York                                                 10285
  (Address of Principal                                            (Zip Code)
    Executive Offices)

    Registrant's telephone number, including area code : (212) 526-5594


       Registrant's telephone number, including area code : (704) 386-5000

                                       N/A
         (Former name or former address, if changed since last report.)



                                  Page 1 of 4      This report consists of 24
                                                   consecutively numbered pages.



<PAGE>




                                                   

Item 5.    Other Events.
-------    -------------

           On October 25, 1996, November 25, 1996, December 26, 1996, and 
           January 27, 1997 distributions were made to the Certificateholders.
           Specific information with respect to the distributions is filed as 
           Exhibits 99.1, 99.2, 99.3, and 99.4 hereto.

           No other reportable transactions or matters have occurred during the
           current reporting period.


Item 7.    Financial Statements and Exhibits.
-------    ----------------------------------

           (c)   The following exhibits are filed as part of this report:

                 Statement to Certificateholders on October 25, 1996 filed as
                  Exhibit 99.1 hereto.

                 Statement to Certificateholders on November 25, 1996 filed as
                  Exhibit 99.2 hereto.

                 Statement to Certificateholders on December 26, 1996 filed as
                  Exhibit 99.3 hereto.

                 Statement to Certificateholders on January 27, 1997 filed as
                  Exhibit 99.4 hereto.



                                       2
<PAGE>




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
                                       MORTGAGE PASS-THROUGH CERTIFICATES,
                                       SERIES GREENPOINT 1996-A

Date:   April 10, 1997            By:  /s/ Prue Larocca
                                       ---------------------
                                       Prue Larocca
                                       Vice President



                                       3
<PAGE>


INDEX TO EXHIBITS
-----------------


      Exhibit
      Number                   Description of Exhibits                Page
      ------             --------------------------------------       ----


        99.1             Monthly Certificateholder Statement on        5
                         October 25, 1996.

        99.2             Monthly Certificateholder Statement on        10
                         November 25, 1996.

        99.3             Monthly Certificateholder Statement on        15
                         December 25, 1996.

        99.4             Monthly Certificateholder Statement on        20
                         January 27, 1997.

 



                                       4
<PAGE>



                                  Exhibit 99.1

              Monthly Certificateholder Statement on October 25, 1996


                                       5

<PAGE>
<TABLE>

Creation Date :  Wed Oct 16, 1996  02:39 PM       SASC 1996-A     PAGE No. 001
 
                     MONTHLY CERTIFICATE HOLDERS REPORT
                      ----------------------------------
 
Due Period :  6 Beginning Date     :  09/01/1996  End Date       :  09/30/1996
                Determination Date :  10/15/1996  Remittance Date:  10/25/1996

 
           STRUCTURED ASSET SECURITIES CORPORATION, Series 1996-A

     I. Cash Received

<S>                 <C>                <C>                             <C>
GRP                  MORTGAGE GROUP ONE MORTGAGE GROUP TWO              TOTAL
Scheduled Prin                78,012.93          66,036.75         144,049.68
Prepayment Prin               55,396.49          34,848.59          90,245.08
Payoff Prin                  646,135.43         110,429.28         756,564.71
Liquidation Proceeds               0.00               0.00               0.00
Insurance Proceeds                 0.00               0.00               0.00
Scheduled Int                854,438.55         134,763.11         989,201.66
TOTAL                      1,633,983.40         346,077.73       1,980,061.13

    II. Pool Balance

Beginning Balance     120,712,134.56      19,896,219.01     140,608,353.57
Scheduled Prin             78,012.93          66,036.75         144,049.68
Prepay Prin                55,396.49          34,848.59          90,245.08
Payoff Prin               646,135.43         110,429.28         756,564.71
Other                           0.00               0.00               0.00
Ending Balance        119,932,589.71      19,684,904.39     139,617,494.10

   III. Servicing Advances

GRP              MORTGAGE GROUP ONE MORTGAGE GROUP TWO              TOTAL
Current Advances               0.00               0.00               0.00

    IV. Interest to Certificateholders

TRANCH_COMPONENT       Beg. Balance               Rate   Schduled Int    Shortfall   Disbrsed Int
               A1     117,006,840.48        8.49396000%   $ 828,209.52       $ 0.00   $ 828,209.52
               R1             100.00        8.49396000%         $ 0.71       $ 0.00         $ 0.71
               R2             100.00        8.49396000%         $ 0.71       $ 0.00         $ 0.71
            TOTAL     117,007,040.48                      $ 828,210.94       $ 0.00   $ 828,210.94

               A2      19,253,713.89        8.12796000%   $ 130,411.18       $ 0.00   $ 130,411.18
            TOTAL      19,253,713.89                      $ 130,411.18       $ 0.00   $ 130,411.18

     V. Interest to Certificateholders

 TRANCH_COMPONENT       Beg. Balance               Rate   Schduled Int    Shortfall   Disbrsed Int
            TOTAL               0.00                            $ 0.00       $ 0.00         $ 0.00

               B1       1,811,950.54        0.00000000%    $ 12,743.85       $ 0.00    $ 12,743.85
               B2         724,382.19        0.00000000%     $ 5,094.75       $ 0.00     $ 5,094.75
               B3         724,382.19        0.00000000%     $ 5,094.75       $ 0.00     $ 5,094.75
               B4         434,828.33        0.00000000%     $ 3,058.25       $ 0.00     $ 3,058.25
               B5         289,553.86        0.00000000%     $ 2,036.50       $ 0.00     $ 2,036.50
               B6         362,502.09        0.00000000%     $ 2,549.56       $ 0.00     $ 2,549.56
            TOTAL       4,347,599.20                       $ 30,577.66       $ 0.00    $ 30,577.66



                                         6
</TABLE>
<PAGE>
<TABLE>
Creation Date :  Wed Oct 16, 1996  02:39 PM       SASC 1996-A      PAGE No. 002
 
                          MONTHLY CERTIFICATE HOLDERS REPORT
                          ----------------------------------
 
Due Period :  6 Beginning Date     :  09/01/1996  End Date        :  09/30/1996
                Determination Date :  10/15/1996  Remittance Date :  10/25/1996

    VI. Principal to Certificateholders
    <S>                 <C>            <C>                   <C>                   <C>                  
    VI. Principal to Certificateholders

    TRANCH_COMPONENT       Beg. Balance Schduled Principal   Ending Principal       Cert. Factor
                  A1     117,006,840.48         777,150.35     116,229,690.13       0.9673892500
                  R1             100.00               0.00             100.00       1.0000000000
                  R2             100.00               0.00             100.00       1.0000000000
               TOTAL     117,007,040.48         777,150.35     116,229,890.13

                  A2      19,253,713.89         209,182.11      19,044,531.78       0.9034407865
               TOTAL      19,253,713.89         209,182.11      19,044,531.78

   VII. Principal to Certificateholders

    TRANCH_COMPONENT       Beg. Balance Schduled Principal   Ending Principal       Cert. Factor
               TOTAL               0.00               0.00               0.00

                  B1       1,811,950.54           1,886.73       1,810,063.81       0.9939944042
                  B2         724,382.19             754.27         723,627.92       0.9939943956
                  B3         724,382.19             754.27         723,627.92       0.9939943956
                  B4         434,828.33             452.77         434,375.56       0.9939944165
                  B5         289,553.86             301.51         289,252.35       0.9939943299
                  B6         362,502.09             377.46         362,124.63       0.9939944148
               TOTAL       4,347,599.20           4,527.01       4,343,072.19

  VIII. Single Certificate Interest Distribution

              TRANCH      Orig. Balance    Sched. Interest  Certificate Value   Int.Dist / Cert.
                  A1     120,147,800.00         828,209.52           1,000.00     $ 6.8932558066
                  R1             100.00               0.71           1,000.00     $ 7.1000000000
                  R2             100.00               0.71           1,000.00     $ 7.1000000000
               TOTAL     120,148,000.00         828,210.94

                  A2      21,080,000.00         130,411.18           1,000.00     $ 6.1864886148
               TOTAL      21,080,000.00         130,411.18

    IX. Single Certificate Interest Distribution

    TRANCH_COMPONENT      Orig. Balance    Sched. Interest  Certificate Value   Int.Dist / Cert.
               TOTAL               0.00               0.00

                  B1       1,821,000.00          12,743.85           1,000.00     $ 6.9982701812
                  B2         728,000.00           5,094.75           1,000.00     $ 6.9982829670
                  B3         728,000.00           5,094.75           1,000.00     $ 6.9982829670
                  B4         437,000.00           3,058.25           1,000.00     $ 6.9982837529
                  B5         291,000.00           2,036.50           1,000.00     $ 6.9982817869
                 B6         364,312.54           2,549.56           1,000.00     $ 6.9982768092
               TOTAL       4,369,312.54          30,577.66


                                        7
</TABLE>
<PAGE>
<TABLE>

Creation Date :  Wed Oct 16, 1996  02:39 PM       SASC 1996-A      PAGE No. 003
 
                                   MONTHLY CERTIFICATE HOLDERS REPORT
                                   ----------------------------------
 
Due Period :  6 Beginning Date     :  09/01/1996  End Date       :  09/30/1996
                Determination Date :  10/15/1996  Remittance Date:  10/25/1996
 
 

     X. Single Certificate Principal Distribution
              <S>         <C>             <C>               <C>                  <C>

               TRANCH      Orig. Balance   Sched. Principal  Certificate Value    Pr.Dist / Cert.
                  A1     120,147,800.00         777,150.35           1,000.00     $ 6.4682861442
                  R1             100.00               0.00           1,000.00     $ 0.0000000000
                  R2             100.00               0.00           1,000.00     $ 0.0000000000
               TOTAL     120,148,000.00         777,150.35

                  A2      21,080,000.00         209,182.11           1,000.00     $ 9.9232500000
               TOTAL      21,080,000.00         209,182.11

    XI. Single Certificate Principal Distribution

    TRANCH_COMPONENT      Orig. Balance   Sched. Principal  Certificate Value    Pr.Dist / Cert.
               TOTAL               0.00               0.00

                  B1       1,821,000.00           1,886.73           1,000.00     $ 1.0360955519
                  B2         728,000.00             754.27           1,000.00     $ 1.0360851648
                  B3         728,000.00             754.27           1,000.00     $ 1.0360851648
                  B4         437,000.00             452.77           1,000.00     $ 1.0360869565
                  B5         291,000.00             301.51           1,000.00     $ 1.0361168385
                  B6         364,312.54             377.46           1,000.00     $ 1.0360884091
               TOTAL       4,369,312.54           4,527.01

   XII. Percentage Distribution

               CLASS Scheduled Percenta  Beginning Balance Prepayment Percent
                   A     96.9306365980%     117,007,040.48    100.0000000000%
              SUBORD      3.0693634020%       3,705,094.08      0.0000000000%

                   A     96.7707174932%      19,253,713.89    100.0000000000%
              SUBORD      3.2292825068%         642,505.12      0.0000000000%

  XIII. Servicing Fee

                 GRP             Amount
  MORTGAGE GROUP ONE          24,496.38
  MORTGAGE GROUP TWO           3,631.96
               TOTAL          28,128.34

   XIV. Delinquency Information for Due Period

              PERIOD Number of   Principal Balance
             30 DAYS         33       3,759,201.76
             60 DAYS          7       1,064,347.90
            90+ DAYS          3         303,321.90
               TOTAL         43       5,126,871.56

           FORECLOSR          0               0.00
               TOTAL          0               0.00

                 REO          0               0.00
               TOTAL          0               0.00
                            
                                        8

</TABLE>
<PAGE>

 Creation Date :  Wed Oct 16, 1996  02:39 PM       SASC 1996-A     PAGE No. 004
 
                                   MONTHLY CERTIFICATE HOLDERS REPORT
                                   ----------------------------------
 
Due Period :  6 Beginning Date     :  09/01/1996  End Date        :  09/30/1996
                Determination Date :  10/15/1996  Remittance Date :  10/25/1996

 
    XV. Realized Losses
 
GRP            MORTGAGE GROUP ONE MORTGAGE GROUP TWO
Current Amount               0.00               0.00
Total Amount                 0.00               0.00
 
   XVI. Book Value REO
 
                 GRP   Principal Amount
  MORTGAGE GROUP ONE               0.00
  MORTGAGE GROUP TWO               0.00

  XVII. Covered Loss Amount Information

GROUP0                 POOL TOTAL
Special Hazard         728,000.00
Remaining Amt          728,000.00
Bankrupcy              100,000.00
Remaining Amt          100,000.00
Fraud Loss           1,455,973.00
Remaining Amt        1,455,973.00

 XVIII. Number of Loans

GRP                   MORTGAGE GROUP ONE MORTGAGE GROUP TWO
Beginning Loan Number               1071                182
Loans Paid Off                         6                  1
Ending Loan Number                  1065                181

   XIX. Residual Payment

Amount               0.00               0.00

    XX. Mortgage Loan Substitutions

Deleted Loans                   0.00               0.00
Substituted Loans               0.00               0.00


                                       9
<PAGE>

                                  Exhibit 99.2

              Monthly Certificateholder Statement on November 25, 1996

                                       10

<PAGE>
<TABLE>
Creation Date :  Wed Nov 20, 1996  09:32 PM       SASC 1996-A      PAGE No. 001
 
                        MONTHLY CERTIFICATE HOLDERS REPORT
                        ----------------------------------
 
Due Period :  7 Beginning Date     :  10/01/1996  End Date        :  10/31/1996
                Determination Date :  11/13/1996  Remittance Date :  11/25/1996
 
 
 
          STRUCTURED ASSET SECURITIES CORPORATION, Series 1996-A

     I. Cash Received
<S>                 <C>                <C>                             <C>
GRP                  MORTGAGE GROUP ONE MORTGAGE GROUP TWO              TOTAL
Scheduled Prin                78,567.38          66,376.33         144,943.71
Prepayment Prin               32,547.16          28,237.11          60,784.27
Payoff Prin                1,337,567.91               0.00       1,337,567.91
Liquidation Proceeds               0.00               0.00               0.00
Insurance Proceeds                 0.00               0.00               0.00
Scheduled Int                848,601.25         133,424.77         982,026.02
TOTAL                      2,297,283.70         228,038.21       2,525,321.91

    II. Pool Balance

Beginning Balance     119,932,589.71      19,684,904.39     139,617,494.10
Scheduled Prin             78,567.38          66,376.33         144,943.71
Prepay Prin                32,547.16          28,237.11          60,784.27
Payoff Prin             1,337,567.91               0.00       1,337,567.91
Other                           0.00               0.00               0.00
Ending Balance        118,483,907.26      19,590,290.95     138,074,198.21

   III. Servicing Advances

GRP              MORTGAGE GROUP ONE MORTGAGE GROUP TWO              TOTAL
Current Advances               0.00               0.00               0.00

    IV. Interest to Certificateholders

    TRANCH_COMPONENT       Beg. Balance               Rate   Schduled Int    Shortfall   Disbrsed Int
                  A1     116,229,690.13        8.49076000%   $ 822,398.67       $ 0.00   $ 822,398.67
                  R1             100.00        8.49076000%         $ 0.71       $ 0.00         $ 0.71
                  R2             100.00        8.49076000%         $ 0.71       $ 0.00         $ 0.71
               TOTAL     116,229,890.13                      $ 822,400.09       $ 0.00   $ 822,400.09

                  A2      19,044,531.78        8.13363000%   $ 129,084.31       $ 0.00   $ 129,084.31
               TOTAL      19,044,531.78                      $ 129,084.31       $ 0.00   $ 129,084.31

     V. Interest to Certificateholders

    TRANCH_COMPONENT       Beg. Balance               Rate   Schduled Int    Shortfall   Disbrsed Int
               TOTAL               0.00                            $ 0.00       $ 0.00         $ 0.00

                  B1       1,810,063.81        0.00000000%    $ 12,727.92       $ 0.00    $ 12,727.92
                  B2         723,627.92        0.00000000%     $ 5,088.37       $ 0.00     $ 5,088.37
                  B3         723,627.92        0.00000000%     $ 5,088.37       $ 0.00     $ 5,088.37
                  B4         434,375.56        0.00000000%     $ 3,054.42       $ 0.00     $ 3,054.42
                  B5         289,252.35        0.00000000%     $ 2,033.95       $ 0.00     $ 2,033.95
                  B6         362,124.63        0.00000000%     $ 2,546.37       $ 0.00     $ 2,546.37
               TOTAL       4,343,072.19                       $ 30,539.40       $ 0.00    $ 30,539.40


                                         11
</TABLE>
<PAGE>
<TABLE>
Creation Date :  Wed Nov 20, 1996  09:32 PM       SASC 1996-A      PAGE No. 002
 
                           MONTHLY CERTIFICATE HOLDERS REPORT
                           ----------------------------------
 
Due Period :  7 Beginning Date     :  10/01/1996  End Date        :  10/31/1996
                Determination Date :  11/13/1996  Remittance Date :  11/25/1996
 
 
    VI. Principal to Certificateholders
    <S>                    <C>          <C>                  <C>                    <C>                       
                  A1     116,229,690.13       1,446,256.83     114,783,433.30       0.9553519357
                  R1             100.00               0.00             100.00       1.0000000000
                  R2             100.00               0.00             100.00       1.0000000000
               TOTAL     116,229,890.13       1,446,256.83     114,783,633.30

                  A2      19,044,531.78          92,454.14      18,952,077.64       0.8990549165
               TOTAL      19,044,531.78          92,454.14      18,952,077.64

   VII. Principal to Certificateholders

    TRANCH_COMPONENT       Beg. Balance Schduled Principal   Ending Principal       Cert. Factor
               TOTAL               0.00               0.00               0.00

                  B1       1,810,063.81           1,910.85       1,808,152.96       0.9929450632
                  B2         723,627.92             763.93         722,863.99       0.9929450412
                  B3         723,627.92             763.93         722,863.99       0.9929450412
                  B4         434,375.56             458.56         433,917.00       0.9929450801
                  B5         289,252.35             305.36         288,946.99       0.9929449828
                  B6         362,124.63             382.29         361,742.34       0.9929450685
               TOTAL       4,343,072.19           4,584.92       4,338,487.27

  VIII. Single Certificate Interest Distribution

              TRANCH      Orig. Balance    Sched. Interest  Certificate Value   Int.Dist / Cert.
                  A1     120,147,800.00         822,398.67           1,000.00     $ 6.8448916251
                  R1             100.00               0.71           1,000.00     $ 7.1000000000
                  R2             100.00               0.71           1,000.00     $ 7.1000000000
               TOTAL     120,148,000.00         822,400.09

                  A2      21,080,000.00         129,084.31           1,000.00     $ 6.1235441176
               TOTAL      21,080,000.00         129,084.31

    IX. Single Certificate Interest Distribution

    TRANCH_COMPONENT      Orig. Balance    Sched. Interest  Certificate Value   Int.Dist / Cert.
               TOTAL               0.00               0.00

                  B1       1,821,000.00          12,727.92           1,000.00     $ 6.9895222405
                  B2         728,000.00           5,088.37           1,000.00     $ 6.9895192308
                  B3         728,000.00           5,088.37           1,000.00     $ 6.9895192308
                  B4         437,000.00           3,054.42           1,000.00     $ 6.9895194508
                  B5         291,000.00           2,033.95           1,000.00     $ 6.9895189003
                  B6         364,312.54           2,546.37           1,000.00     $ 6.9895205913
               TOTAL       4,369,312.54          30,539.40

                                         12
</TABLE>
<PAGE>
<TABLE>
 Creation Date :  Wed Nov 20, 1996  09:32 PM       SASC 1996-A     PAGE No. 003
 
                         MONTHLY CERTIFICATE HOLDERS REPORT
                         ----------------------------------
 
Due Period :  7 Beginning Date     :  10/01/1996  End Date        :  10/31/1996
                Determination Date :  11/13/1996  Remittance Date :  11/25/1996
 
 
     X. Single Certificate Principal Distribution
              <S>         <C>             <C>               <C>                  <C>                              
               TRANCH      Orig. Balance   Sched. Principal  Certificate Value    Pr.Dist / Cert.
                   A1     120,147,800.00       1,446,256.83           1,000.00    $ 12.0373142912
                   R1             100.00               0.00           1,000.00     $ 0.0000000000
                   R2             100.00               0.00           1,000.00     $ 0.0000000000
                TOTAL     120,148,000.00       1,446,256.83

                   A2      21,080,000.00          92,454.14           1,000.00     $ 4.3858700190
                TOTAL      21,080,000.00          92,454.14

    XI. Single Certificate Principal Distribution

    TRANCH_COMPONENT      Orig. Balance   Sched. Principal  Certificate Value    Pr.Dist / Cert.
               TOTAL               0.00               0.00

                   B1       1,821,000.00           1,910.85           1,000.00     $ 1.0493410214
                   B2         728,000.00             763.93           1,000.00     $ 1.0493543956
                   B3         728,000.00             763.93           1,000.00     $ 1.0493543956
                   B4         437,000.00             458.56           1,000.00     $ 1.0493363844
                   B5         291,000.00             305.36           1,000.00     $ 1.0493470790
                   B6         364,312.54             382.29           1,000.00     $ 1.0493462564
                TOTAL       4,369,312.54           4,584.92

   XII. Percentage Distribution

               CLASS Scheduled Percenta  Beginning Balance Prepayment Percent
                    A     96.9126827087%     116,229,890.13    100.0000000000%
               SUBORD      3.0873172913%       3,702,699.58      0.0000000000%

                    A     96.7468848346%      19,044,531.78    100.0000000000%
               SUBORD      3.2531151654%         640,372.61      0.0000000000%

  XIII. Servicing Fee

                 GRP             Amount
   MORTGAGE GROUP ONE          27,159.66
   MORTGAGE GROUP TWO           4,606.62
                TOTAL          31,766.28

   XIV. Delinquency Information for Due Period

              PERIOD Number of   Principal Balance
              30 DAYS         39       5,061,085.00
              60 DAYS          3         282,695.62
             90+ DAYS          4         623,432.31
                TOTAL         46       5,967,212.93

            FORECLOSR          1         121,659.34
                TOTAL          1         121,659.34

                 REO          0               0.00
               TOTAL          0               0.00
 
                                       13

</TABLE>
<PAGE>

 Creation Date :  Wed Nov 20, 1996  09:32 PM       SASC 1996-A     PAGE No. 004
 
 

                        MONTHLY CERTIFICATE HOLDERS REPORT
                         ----------------------------------
 
Due Period :  7 Beginning Date     :  10/01/1996  End Date        :  10/31/1996
                Determination Date :  11/13/1996  Remittance Date :  11/25/1996
 
 
 
    XV. Realized Losses
 
GRP            MORTGAGE GROUP ONE MORTGAGE GROUP TWO
Current Amount               0.00               0.00
Total Amount                 0.00               0.00
 
   XVI. Book Value REO
 
                 GRP   Principal Amount
  MORTGAGE GROUP ONE               0.00
  MORTGAGE GROUP TWO               0.00

  XVII. Covered Loss Amount Information

GROUP0                 POOL TOTAL
Special Hazard         728,000.00
Remaining Amt          728,000.00
Bankrupcy              100,000.00
Remaining Amt          100,000.00
Fraud Loss           1,455,973.00
Remaining Amt        1,455,973.00

 XVIII. Number of Loans

GRP                   MORTGAGE GROUP ONE MORTGAGE GROUP TWO
Beginning Loan Number               1065                181
Loans Paid Off                        13                  0
Ending Loan Number                  1052                181

   XIX. Residual Payment

Amount                              2.22               0.00

    XX. Mortgage Loan Substitutions

Deleted Loans                   0.00               0.00
Substituted Loans               0.00               0.00


                                       14

<PAGE>
                                 Exhibit 99.3

              Monthly Certificateholder Statement on December 26, 1996

                                       15

<PAGE>
<TABLE>
Creation Date :  Thu Dec 12, 1996  11:06 AM       SASC 1996-A      PAGE No. 001
 
                        MONTHLY CERTIFICATE HOLDERS REPORT
                        ----------------------------------
 
Due Period :  8 Beginning Date     :  11/01/1996  End Date        :  11/30/1996
                Determination Date :  12/13/1996  Remittance Date :  12/26/1996
 
 
            STRUCTURED ASSET SECURITIES CORPORATION, Series 1996-A

     I. Cash Received
<S>                 <C>                <C>                             <C>
GRP                  MORTGAGE GROUP ONE MORTGAGE GROUP TWO              TOTAL
 Scheduled Prin                78,573.12          67,023.71         145,596.83
 Prepayment Prin               36,718.41          18,048.86          54,767.27
 Payoff Prin                  999,039.04               0.00         999,039.04
Liquidation Proceeds               0.00               0.00               0.00
Insurance Proceeds                 0.00               0.00               0.00
 Scheduled Int                837,932.87         132,797.14         970,730.01
 TOTAL                      1,952,263.44         217,869.71       2,170,133.15

    II. Pool Balance

 Beginning Balance     118,483,907.26      19,590,290.95     138,074,198.21
 Scheduled Prin             78,573.12          67,023.71         145,596.83
 Prepay Prin                36,718.41          18,048.86          54,767.27
 Payoff Prin               999,039.04               0.00         999,039.04
Other                           0.00               0.00               0.00
 Ending Balance        117,369,576.69      19,505,218.38     136,874,795.07

   III. Servicing Advances

GRP              MORTGAGE GROUP ONE MORTGAGE GROUP TWO              TOTAL
Current Advances               0.00               0.00               0.00

    IV. Interest to Certificateholders

    TRANCH_COMPONENT       Beg. Balance               Rate   Schduled Int    Shortfall   Disbrsed Int
                   A1     114,783,433.30        8.48653000%   $ 811,760.88       $ 0.00   $ 811,760.88
                  R1             100.00        8.48653000%         $ 0.71       $ 0.00         $ 0.71
                  R2             100.00        8.48653000%         $ 0.71       $ 0.00         $ 0.71
                TOTAL     114,783,633.30                      $ 811,762.30       $ 0.00   $ 811,762.30

                   A2      18,952,077.64        8.13446000%   $ 128,470.76       $ 0.00   $ 128,470.76
                TOTAL      18,952,077.64                      $ 128,470.76       $ 0.00   $ 128,470.76

     V. Interest to Certificateholders

    TRANCH_COMPONENT       Beg. Balance               Rate   Schduled Int    Shortfall   Disbrsed Int
               TOTAL               0.00                            $ 0.00       $ 0.00         $ 0.00

                   B1       1,808,152.96        0.00000000%    $ 12,709.41       $ 0.00    $ 12,709.41
                   B2         722,863.99        0.00000000%     $ 5,080.98       $ 0.00     $ 5,080.98
                   B3         722,863.99        0.00000000%     $ 5,080.98       $ 0.00     $ 5,080.98
                   B4         433,917.00        0.00000000%     $ 3,049.98       $ 0.00     $ 3,049.98
                   B5         288,946.99        0.00000000%     $ 2,030.99       $ 0.00     $ 2,030.99
                   B6         361,742.34        0.00000000%     $ 2,542.66       $ 0.00     $ 2,542.66
                TOTAL       4,338,487.27                       $ 30,495.00       $ 0.00    $ 30,495.00

                                        16
</TABLE>
<PAGE>
<TABLE>
Creation Date :  Thu Dec 12, 1996  11:06 AM       SASC 1996-A      PAGE No. 002
 
                          MONTHLY CERTIFICATE HOLDERS REPORT
                           ----------------------------------
 
Due Period :  8 Beginning Date     :  11/01/1996  End Date        :  11/30/1996
                Determination Date :  12/13/1996  Remittance Date :  12/26/1996
  
 
    VI. Principal to Certificateholders
    <S>                    <C>          <C>                  <C>                    <C>                       
    TRANCH_COMPONENT       Beg. Balance Schduled Principal   Ending Principal       Cert. Factor
                  A1     114,783,433.30       1,111,876.72     113,671,556.58       0.9460976945
                  R1             100.00               0.00             100.00       1.0000000000
                  R2             100.00               0.00             100.00       1.0000000000
                TOTAL     114,783,633.30       1,111,876.72     113,671,756.58

                   A2      18,952,077.64          82,889.07      18,869,188.57       0.8951227974
                TOTAL      18,952,077.64          82,889.07      18,869,188.57

   VII. Principal to Certificateholders

    TRANCH_COMPONENT       Beg. Balance Schduled Principal   Ending Principal       Cert. Factor
               TOTAL               0.00               0.00               0.00

                   B1       1,808,152.96           1,932.72       1,806,220.24       0.9918837122
                   B2         722,863.99             772.66         722,091.33       0.9918836951
                   B3         722,863.99             772.66         722,091.33       0.9918836951
                   B4         433,917.00             463.80         433,453.20       0.9918837529
                   B5         288,946.99             308.85         288,638.14       0.9918836426
                   B6         361,742.34             386.66         361,355.68       0.9918837271
                TOTAL       4,338,487.27           4,637.35       4,333,849.92

  VIII. Single Certificate Interest Distribution

              TRANCH      Orig. Balance    Sched. Interest  Certificate Value   Int.Dist / Cert.
                   A1     120,147,800.00         811,760.88           1,000.00     $ 6.7563524259
                   R1             100.00               0.71           1,000.00     $ 7.1000000000
                   R2             100.00               0.71           1,000.00     $ 7.1000000000
                TOTAL     120,148,000.00         811,762.30

                   A2      21,080,000.00         128,470.76           1,000.00     $ 6.0944383302
                TOTAL      21,080,000.00         128,470.76

    IX. Single Certificate Interest Distribution

    TRANCH_COMPONENT      Orig. Balance    Sched. Interest  Certificate Value   Int.Dist / Cert.
               TOTAL               0.00               0.00

                   B1       1,821,000.00          12,709.41           1,000.00     $ 6.9793574959
                   B2         728,000.00           5,080.98           1,000.00     $ 6.9793681319
                   B3         728,000.00           5,080.98           1,000.00     $ 6.9793681319
                   B4         437,000.00           3,049.98           1,000.00     $ 6.9793592677
                   B5         291,000.00           2,030.99           1,000.00     $ 6.9793470790
                   B6         364,312.54           2,542.66           1,000.00     $ 6.9793370275
                TOTAL       4,369,312.54          30,495.00


                                        17
</TABLE>
<PAGE>
<TABLE>
 Creation Date :  Thu Dec 12, 1996  11:06 AM       SASC 1996-A     PAGE No. 003
 
                        MONTHLY CERTIFICATE HOLDERS REPORT
                        ----------------------------------
 
Due Period :  8 Beginning Date     :  11/01/1996  End Date        :  11/30/1996
                Determination Date :  12/13/1996  Remittance Date :  12/26/1996
 
     X. Single Certificate Principal Distribution
              <S>         <C>             <C>               <C>                  <C>                              
              TRANCH      Orig. Balance   Sched. Principal  Certificate Value    Pr.Dist / Cert.
                   A1     120,147,800.00       1,111,876.72           1,000.00     $ 9.2542411929
                   R1             100.00               0.00           1,000.00     $ 0.0000000000
                   R2             100.00               0.00           1,000.00     $ 0.0000000000
                TOTAL     120,148,000.00       1,111,876.72

                   A2      21,080,000.00          82,889.07           1,000.00     $ 3.9321190702
                TOTAL      21,080,000.00          82,889.07

    XI. Single Certificate Principal Distribution

    TRANCH_COMPONENT      Orig. Balance   Sched. Principal  Certificate Value    Pr.Dist / Cert.
               TOTAL               0.00               0.00

                   B1       1,821,000.00           1,932.72           1,000.00     $ 1.0613509061
                   B2         728,000.00             772.66           1,000.00     $ 1.0613461538
                   B3         728,000.00             772.66           1,000.00     $ 1.0613461538
                   B4         437,000.00             463.80           1,000.00     $ 1.0613272311
                   B5         291,000.00             308.85           1,000.00     $ 1.0613402062
                   B6         364,312.54             386.66           1,000.00     $ 1.0613414515
                TOTAL       4,369,312.54           4,637.35

   XII. Percentage Distribution

               CLASS Scheduled Percenta  Beginning Balance Prepayment Percent
                    A     96.8769818235%     114,783,633.30    100.0000000000%
               SUBORD      3.1230181765%       3,700,273.96      0.0000000000%

                    A     96.7421958580%      18,952,077.64    100.0000000000%
               SUBORD      3.2578041420%         638,213.31      0.0000000000%

  XIII. Servicing Fee

                 GRP             Amount
   MORTGAGE GROUP ONE          22,470.32
   MORTGAGE GROUP TWO           3,506.36
                TOTAL          25,976.68

   XIV. Delinquency Information for Due Period

              PERIOD Number of   Principal Balance
              30 DAYS         44       5,628,989.60
              60 DAYS         11       1,537,957.06
             90+ DAYS          3         498,672.41
                TOTAL         58       7,665,619.07

            FORECLOSR          1         121,659.34
                TOTAL          1         121,659.34

                 REO          0               0.00
               TOTAL          0               0.00

                                        18
</TABLE>
<PAGE>

 Creation Date :  Thu Dec 12, 1996  11:06 AM       SASC 1996-A     PAGE No. 004
 
                       MONTHLY CERTIFICATE HOLDERS REPORT
                       ----------------------------------
 
Due Period :  8 Beginning Date     :  11/01/1996  End Date        :  11/30/1996
                Determination Date :  12/13/1996  Remittance Date :  12/26/1996
 
 
    XV. Realized Losses

GRP            MORTGAGE GROUP ONE MORTGAGE GROUP TWO
Current Amount               0.00               0.00
Total Amount                 0.00               0.00

   XVI. Book Value REO

                 GRP   Principal Amount
  MORTGAGE GROUP ONE               0.00
  MORTGAGE GROUP TWO               0.00

  XVII. Covered Loss Amount Information

GROUP0                 POOL TOTAL
 Special Hazard         728,000.00
 Remaining Amt          728,000.00
 Bankrupcy              100,000.00
 Remaining Amt          100,000.00
 Fraud Loss           1,455,973.00
 Remaining Amt        1,455,973.00

 XVIII. Number of Loans

GRP                   MORTGAGE GROUP ONE MORTGAGE GROUP TWO
Beginning Loan Number               1052                181
Loans Paid Off                        10                  0
Ending Loan Number                  1042                181

   XIX. Residual Payment

Amount               1.83               0.12

    XX. Mortgage Loan Substitutions

Deleted Loans                   0.00               0.00
Substituted Loans               0.00               0.00

                                      19

<PAGE>

                                 Exhibit 99.4

              Monthly Certificateholder Statement on January 27, 1996


                                      20
<PAGE>
<TABLE>
 Creation Date :  Wed Jan 15, 1997  03:42 PM       SASC 1996-A     PAGE No. 001
 
                      MONTHLY CERTIFICATE HOLDERS REPORT
                      ----------------------------------
 
Due Period :  9 Beginning Date     :  12/01/1996  End Date        :  12/31/1996
                Determination Date :  01/14/1997  Remittance Date :  01/27/1997
 
 
       STRUCTURED ASSET SECURITIES CORPORATION, Series 1996-A

     I. Cash Received
<S>                 <C>                <C>                             <C>
GRP                  MORTGAGE GROUP ONE MORTGAGE GROUP TWO              TOTAL
 Scheduled Prin                78,788.65          67,614.52         146,403.17
 Prepayment Prin              105,171.76          18,421.22         123,592.98
 Payoff Prin                2,172,112.49          48,051.49       2,220,163.98
Liquidation Proceeds               0.00               0.00               0.00
Insurance Proceeds                 0.00               0.00               0.00
 Scheduled Int                830,025.46         132,223.97         962,249.43
 TOTAL                      3,186,098.36         266,311.20       3,452,409.56

    II. Pool Balance

 Beginning Balance     117,369,576.69      19,505,218.38     136,874,795.07
 Scheduled Prin             78,788.65          67,614.52         146,403.17
 Prepay Prin               105,171.76          18,421.22         123,592.98
 Payoff Prin             2,172,112.49          48,051.49       2,220,163.98
Other                           0.00               0.00               0.00
 Ending Balance        115,013,503.79      19,371,131.15     134,384,634.94

   III. Servicing Advances

GRP              MORTGAGE GROUP ONE MORTGAGE GROUP TWO              TOTAL
Current Advances               0.00               0.00               0.00

    IV. Interest to Certificateholders

    TRANCH_COMPONENT       Beg. Balance               Rate   Schduled Int    Shortfall   Disbrsed Int
                   A1     113,671,556.58        8.48626000%   $ 803,871.99       $ 0.00   $ 803,871.99
                  R1             100.00        8.48626000%         $ 0.71       $ 0.00         $ 0.71
                  R2             100.00        8.48626000%         $ 0.71       $ 0.00         $ 0.71
                TOTAL     113,671,756.58                      $ 803,873.41       $ 0.00   $ 803,873.41

                   A2      18,869,188.57        8.13468000%   $ 127,912.34       $ 0.00   $ 127,912.34
                TOTAL      18,869,188.57                      $ 127,912.34       $ 0.00   $ 127,912.34

     V. Interest to Certificateholders

    TRANCH_COMPONENT       Beg. Balance               Rate   Schduled Int    Shortfall   Disbrsed Int
               TOTAL               0.00                            $ 0.00       $ 0.00         $ 0.00

                   B1       1,806,220.24        0.00000000%    $ 12,695.72       $ 0.00    $ 12,695.72
                   B2         722,091.33        0.00000000%     $ 5,075.50       $ 0.00     $ 5,075.50
                   B3         722,091.33        0.00000000%     $ 5,075.50       $ 0.00     $ 5,075.50
                   B4         433,453.20        0.00000000%     $ 3,046.70       $ 0.00     $ 3,046.70
                   B5         288,638.14        0.00000000%     $ 2,028.81       $ 0.00     $ 2,028.81
                   B6         361,355.68        0.00000000%     $ 2,539.93       $ 0.00     $ 2,539.93
                TOTAL       4,333,849.92                       $ 30,462.16       $ 0.00    $ 30,462.16


                                       21
</TABLE>
<PAGE>
<TABLE>
Creation Date :  Wed Jan 15, 1997  03:42 PM       SASC 1996-A      PAGE No. 002
 
                                   MONTHLY CERTIFICATE HOLDERS REPORT
                                   ----------------------------------
 
Due Period :  9 Beginning Date     :  12/01/1996  End Date        :  12/31/1996
                Determination Date :  01/14/1997  Remittance Date :  01/27/1997
 
 
    VI. Principal to Certificateholders
    <S>                    <C>          <C>                  <C>                    <C>                       
    TRANCH_COMPONENT       Beg. Balance Schduled Principal   Ending Principal       Cert. Factor
                  A1     113,671,556.58       2,353,590.60     111,317,965.98       0.9265085668
                  R1             100.00               0.00             100.00       1.0000000000
                  R2             100.00               0.00             100.00       1.0000000000
               TOTAL     113,671,756.58       2,353,590.60     111,318,165.98

                  A2      18,869,188.57         131,882.44      18,737,306.13       0.8888665147
               TOTAL      18,869,188.57         131,882.44      18,737,306.13

   VII. Principal to Certificateholders

    TRANCH_COMPONENT       Beg. Balance Schduled Principal   Ending Principal       Cert. Factor
               TOTAL               0.00               0.00               0.00

                   B1       1,806,220.24           1,953.46       1,804,266.78       0.9908109720
                   B2         722,091.33             780.94         721,310.39       0.9908109753
                   B3         722,091.33             780.94         721,310.39       0.9908109753
                   B4         433,453.20             468.78         432,984.42       0.9908110297
                   B5         288,638.14             312.16         288,325.98       0.9908109278
                   B6         361,355.68             390.81         360,964.87       0.9908109943
                TOTAL       4,333,849.92           4,687.09       4,329,162.83

  VIII. Single Certificate Interest Distribution

              TRANCH      Orig. Balance    Sched. Interest  Certificate Value   Int.Dist / Cert.
                   A1     120,147,800.00         803,871.99           1,000.00     $ 6.6906925470
                   R1             100.00               0.71           1,000.00     $ 7.1000000000
                   R2             100.00               0.71           1,000.00     $ 7.1000000000
                TOTAL     120,148,000.00         803,873.41

                   A2      21,080,000.00         127,912.34           1,000.00     $ 6.0679478178
                TOTAL      21,080,000.00         127,912.34

    IX. Single Certificate Interest Distribution

    TRANCH_COMPONENT      Orig. Balance    Sched. Interest  Certificate Value   Int.Dist / Cert.
               TOTAL               0.00               0.00

                   B1       1,821,000.00          12,695.72           1,000.00     $ 6.9718396485
                   B2         728,000.00           5,075.50           1,000.00     $ 6.9718406593
                   B3         728,000.00           5,075.50           1,000.00     $ 6.9718406593
                   B4         437,000.00           3,046.70           1,000.00     $ 6.9718535469
                   B5         291,000.00           2,028.81           1,000.00     $ 6.9718556700
                   B6         364,312.54           2,539.93           1,000.00     $ 6.9718434617
                TOTAL       4,369,312.54          30,462.16


                                        22       
</TABLE>
<PAGE>
<TABLE>
 Creation Date :  Wed Jan 15, 1997  03:42 PM       SASC 1996-A     PAGE No. 003
 
                       MONTHLY CERTIFICATE HOLDERS REPORT
                       ----------------------------------
 
Due Period :  9 Beginning Date     :  12/01/1996  End Date        :  12/31/1996
                Determination Date :  01/14/1997  Remittance Date :  01/27/1997
 
 
     X. Single Certificate Principal Distribution
              <S>         <C>             <C>               <C>                  <C>                       
              TRANCH      Orig. Balance   Sched. Principal  Certificate Value    Pr.Dist / Cert.
               A1     120,147,800.00       2,353,590.60           1,000.00    $ 19.5891277244
                   R1             100.00               0.00           1,000.00     $ 0.0000000000
                   R2             100.00               0.00           1,000.00     $ 0.0000000000
                TOTAL     120,148,000.00       2,353,590.60

                   A2      21,080,000.00         131,882.44           1,000.00     $ 6.2562827324
                TOTAL      21,080,000.00         131,882.44

    XI. Single Certificate Principal Distribution

    TRANCH_COMPONENT      Orig. Balance   Sched. Principal  Certificate Value    Pr.Dist / Cert.
               TOTAL               0.00               0.00

                   B1       1,821,000.00           1,953.46           1,000.00     $ 1.0727402530
                   B2         728,000.00             780.94           1,000.00     $ 1.0727197802
                   B3         728,000.00             780.94           1,000.00     $ 1.0727197802
                   B4         437,000.00             468.78           1,000.00     $ 1.0727231121
                   B5         291,000.00             312.16           1,000.00     $ 1.0727147766
                   B6         364,312.54             390.81           1,000.00     $ 1.0727327700
                TOTAL       4,369,312.54           4,687.09

   XII. Percentage Distribution

               CLASS Scheduled Percenta  Beginning Balance Prepayment Percent
                    A     96.8494219590%     113,671,756.58    100.0000000000%
               SUBORD      3.1505780410%       3,697,820.11      0.0000000000%

                    A     96.7391812919%      18,869,188.57    100.0000000000%
               SUBORD      3.2608187081%         636,029.81      0.0000000000%

  XIII. Servicing Fee

                 GRP             Amount
   MORTGAGE GROUP ONE          26,389.75
   MORTGAGE GROUP TWO           4,509.11
                TOTAL          30,898.86

   XIV. Delinquency Information for Due Period

              PERIOD Number of   Principal Balance
              30 DAYS         48       5,673,547.03
              60 DAYS          7       1,250,757.45
             90+ DAYS          5         718,179.70
                TOTAL         60       7,642,484.18

            FORECLOSR          1         121,659.34
                TOTAL          1         121,659.34

                 REO          0               0.00
               TOTAL          0               0.00
                                       23
</TABLE>
<PAGE>

Creation Date :  Wed Jan 15, 1997  03:42 PM       SASC 1996-A      PAGE No. 004
 
                                   MONTHLY CERTIFICATE HOLDERS REPORT
                                   ----------------------------------
 
Due Period :  9 Beginning Date     :  12/01/1996  End Date        :  12/31/1996
                Determination Date :  01/14/1997  Remittance Date :  01/27/1997

 
    XV. Realized Losses

GRP            MORTGAGE GROUP ONE MORTGAGE GROUP TWO
Current Amount               0.00               0.00
Total Amount                 0.00               0.00

   XVI. Book Value REO

                 GRP   Principal Amount
  MORTGAGE GROUP ONE               0.00
  MORTGAGE GROUP TWO               0.00

  XVII. Covered Loss Amount Information

GROUP0                 POOL TOTAL
 Special Hazard         728,000.00
 Remaining Amt          728,000.00
 Bankrupcy              100,000.00
 Remaining Amt          100,000.00
 Fraud Loss           1,455,973.00
 Remaining Amt        1,455,973.00

 XVIII. Number of Loans

GRP                   MORTGAGE GROUP ONE MORTGAGE GROUP TWO
Beginning Loan Number               1042                181
Loans Paid Off                        17                  1
Ending Loan Number                  1025                180

   XIX. Residual Payment

Amount               1.48               0.04

    XX. Mortgage Loan Substitutions

Deleted Loans                   0.00               0.00
Substituted Loans               0.00               0.00

 

                                       24