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) : June 25, 1996


         STRUCTURED ASSET SECURITIES CORPORATION (as depositor under the 
         Trust Agreement, dated as of May 23, 1996, providing for the 
         issuance of Structured Asset Securities Corporation Mortgage 
         Pass-Through Certificates, Series GreenPoint 1996-2)

                   
                    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 44
                                                  consecutively numbered pages.



<PAGE>




                                                   

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

          On June 25, 1996, July 25, 1996, August 25, 1996, September 25, 1996,
          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, 99.4, 99.5, 99.6, 99.7 and 99.8 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 June 25, 1996 filed as 
               Exhibit 99.1 hereto.

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

               Statement to Certificateholders on August 25, 1996 filed as 
               Exhibit 99.3 hereto.

               Statement to Certificateholders on September 25, 1996 filed as 
               Exhibit 99.4 hereto.

               Statement to Certificateholders on October 25, 1996 filed as 
               Exhibit 99.5 hereto.

               Statement to Certificateholders on November 25, 1996 filed as 
               Exhibit 99.6 hereto.

               Statement to Certificateholders on December 26, 1996 filed as 
               Exhibit 99.7 hereto.

               Statement to Certificateholders on January 27, 1997 filed as 
               Exhibit 99.8 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 1996-2

Date:  April 16, 1997              By:  /s/ Prue Larocca
                                       ---------------------
                                        Prue Larocca
                                        Vice President



                                       3
<PAGE>


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


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


        99.1             Monthly Certificate Holder Statement on         5
                         June 25, 1996.

        99.2             Monthly Certificate Holder Statement on        10
                         July 25, 1996.

        99.3             Monthly Certificate Holder Statement on        15
                         August  26, 1996.

        99.4             Monthly Certificate Holder Statement on        20
                         September 25, 1996.

        99.5             Monthly Certificate Holder Statement on        25
                         October 25, 1996.

        99.6             Monthly Certificate Holder Statement on        30
                         November 25, 1996.

        99.7             Monthly Certificate Holder Statement on        35
                         December 26, 1996.

        99.8             Monthly Certificate Holder Statement on        40
                         January 27, 1997.



                                       4
<PAGE>



                                  Exhibit 99.1

              Monthly Certificateholder Statement on June 25, 1996


                                        5

<PAGE>
<TABLE>

Creation Date :  Tue Jun 25, 1996  12:25 PM       SASC 1996-2      PAGE No. 001
 
                     MONTHLY CERTIFICATE HOLDERS REPORT
                     ----------------------------------
 
Due Period :  1 Beginning Date     :  05/02/1996  End Date        :  05/31/1996
                Determination Date :  06/18/1996  Remittance Date :  06/25/1996
 
 
             STRUCTURED ASSET SECURITIES CORPORATION, Series 1996-2


     I. Cash Received

<S>                 <C>                              <C>
GROUP                MORTGAGE GROUP ONE               TOTAL
 Scheduled Prin               191,304.22         191,304.22
 Prepayment Prin              105,460.35         105,460.35
 Payoff Prin                  747,468.44         747,468.44
 Liquidation Proceeds               0.00               0.00
 Insurance Proceeds                 0.00               0.00
 Scheduled Int              1,159,370.64       1,159,370.64
 TOTAL                      2,203,603.65       2,203,603.65

    II. Pool Balance

 Beginning Balance     200,723,973.60     200,723,973.60
 Scheduled Prin            191,304.22         191,304.22
 Prepay Prin               105,460.35         105,460.35
 Payoff Prin               747,468.44         747,468.44
 Other                           0.00               0.00
 Ending Balance        199,679,740.59     199,679,740.59



   III. Interest to Certificateholders
<S>        <C>              <C>             <C>               <C>    <C>
Class       Beg. Balance     Rate           Schduled Int      Loss   Disbrsed Int
A1         36,995,000.00     7.00000000%   $ 215,804.17       $ 0.00   $ 215,804.17
A2         33,539,000.00     7.00000000%   $ 195,644.17       $ 0.00   $ 195,644.17
A3         65,263,000.00     7.00000000%   $ 380,700.83       $ 0.00   $ 380,700.83
A3-1       13,653,000.00     7.00000000%    $ 79,642.50       $ 0.00    $ 79,642.50
A3-2       51,610,000.00     7.00000000%   $ 301,058.33       $ 0.00   $ 301,058.33
A4         13,901,000.00     7.00000000%         $ 0.00       $ 0.00         $ 0.00
A5         13,852,000.00     7.50000000%    $ 86,575.00       $ 0.00    $ 86,575.00
A6          1,148,000.00     0.00000000%         $ 0.00       $ 0.00         $ 0.00
A7         20,000,000.00     7.00000000%   $ 116,666.67       $ 0.00   $ 116,666.67
AP          1,974,717.98     0.00000000%         $ 0.00       $ 0.00         $ 0.00
B1          5,520,000.00     7.00000000%    $ 32,200.00       $ 0.00    $ 32,200.00
B2          2,509,000.00     7.00000000%    $ 14,635.83       $ 0.00    $ 14,635.83
B3          1,505,000.00     7.00000000%     $ 8,779.17       $ 0.00     $ 8,779.17
B4          2,309,000.00     7.00000000%    $ 13,469.17       $ 0.00    $ 13,469.17
B5          1,104,000.00     7.00000000%     $ 6,440.00       $ 0.00     $ 6,440.00
B6          1,104,155.62     7.00000000%     $ 6,440.91       $ 0.00     $ 6,440.91
R                 100.00     7.00000000%         $ 0.58       $ 0.00         $ 0.58

    IV. Interest to Certificateholders
  
Class       Beg. Balance   Schduled Int         Loss   Disbrsed Int
     A     186,672,817.98   $ 995,390.84       $ 0.00   $ 995,390.84
 SUBOR      14,051,255.62    $ 81,965.66       $ 0.00    $ 81,965.66
 TOTAL     200,723,973.60 $ 1,077,356.50       $ 0.00 $ 1,077,356.50


                                        6
</TABLE>
<PAGE>
<TABLE>

 Creation Date :  Tue Jun 25, 1996  12:25 PM       SASC 1996-2     PAGE No. 002
 
                       MONTHLY CERTIFICATE HOLDERS REPORT
                       ----------------------------------
 
Due Period :  1 Beginning Date     :  05/02/1996  End Date       :  05/31/1996
                Determination Date :  06/18/1996  Remittance Date:  06/25/1996

 
     V. Servicing Advances

Current Advances               0.00

    VI. Servicing Fee

 Amount          15,937.61


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

Class       Beg. Balance Schduled Principal   Ending Principal       Cert. Factor
    A1      36,995,000.00               0.00      36,995,000.00       1.0000000000
    A2      33,539,000.00               0.00      33,539,000.00       1.0000000000
    A3      65,263,000.00       1,099,170.66      64,163,829.34       0.9831578282
  A3-1      13,653,000.00       1,018,081.49      12,634,918.51       0.9254316641
  A3-2      51,610,000.00          81,089.17      51,528,910.83       0.9984288090
    A4      13,901,000.00               0.00      13,982,089.17       1.0058333336
    A5      13,852,000.00               0.00      13,852,000.00       1.0000000000
    A6       1,148,000.00               0.00       1,148,000.00       1.0000000000
    A7      20,000,000.00               0.00      20,000,000.00       1.0000000000
    AP       1,974,717.98          12,752.39       1,961,965.59       0.9935421715
    B1       5,520,000.00           5,263.86       5,514,736.14       0.9990464022
    B2       2,509,000.00           2,392.57       2,506,607.43       0.9990464049
    B3       1,505,000.00           1,435.16       1,503,564.84       0.9990464053
    B4       2,309,000.00           2,201.85       2,306,798.15       0.9990464054
    B5       1,104,000.00           1,052.77       1,102,947.23       0.9990464040
    B6       1,104,155.62           1,052.92       1,103,102.70       0.9990464025
     R             100.00               0.00             100.00       1.0000000000


   VIII. Principal to Certificateholders

Class       Beg. Balance Schduled Principal   Ending Principal
     A     186,672,817.98       1,111,923.05     185,641,884.10
 SUBOR      14,051,255.62          13,399.13      14,037,856.49
 TOTAL     200,723,973.60       1,125,322.18     199,679,740.59
  
 

IX. Residual Payments to Class R

GROUP             MORTGAGE GROUP ONE
Residual Interest               1.50


                                        7
</TABLE>
<PAGE>
<TABLE>

 Creation Date :  Tue Jun 25, 1996  12:25 PM       SASC 1996-2     PAGE No. 003
 
                       MONTHLY CERTIFICATE HOLDERS REPORT
                       ----------------------------------
 
Due Period :  1 Beginning Date     :  05/02/1996  End Date        :  05/31/1996
                Determination Date :  06/18/1996  Remittance Date :  06/25/1996
 

     X. Single Certificate Principal Distribution
  <S>                 <C>            <C>                   <C>               
Class      Orig. Balance   Sched. Principal  Certificate Value    Pr.Dist / Cert.
    A1      36,995,000.00               0.00           1,000.00     $ 0.0000000000
    A2      33,539,000.00               0.00           1,000.00     $ 0.0000000000
    A3      65,263,000.00       1,099,170.66           1,000.00    $ 16.8421718278
  A3-1      13,653,000.00       1,018,081.49           1,000.00    $ 74.5683358969
  A3-2      51,610,000.00          81,089.17           1,000.00     $ 1.5711910482
    A4      13,901,000.00               0.00           1,000.00     $ 0.0000000000
    A5      13,852,000.00               0.00           1,000.00     $ 0.0000000000
    A6       1,148,000.00               0.00           1,000.00     $ 0.0000000000
    A7      20,000,000.00               0.00           1,000.00     $ 0.0000000000
    AP       1,974,717.98          12,752.39           1,000.00     $ 6.4578284743
    B1       5,520,000.00           5,263.86           1,000.00     $ 0.9535978261
    B2       2,509,000.00           2,392.57           1,000.00     $ 0.9535950578
    B3       1,505,000.00           1,435.16           1,000.00     $ 0.9535946844
    B4       2,309,000.00           2,201.85           1,000.00     $ 0.9535946297
    B5       1,104,000.00           1,052.77           1,000.00     $ 0.9535960145
    B6       1,104,155.62           1,052.92           1,000.00     $ 0.9535974648
     R             100.00               0.00           1,000.00     $ 0.0000000000

    XI. Single Certificate Interest Distribution

Class      Orig. Balance    Sched. Interest  Certificate Value   Int.Dist / Cert.
    A1      36,995,000.00         215,804.17           1,000.00     $ 5.8333334234
    A2      33,539,000.00         195,644.17           1,000.00     $ 5.8333334327
    A3      65,263,000.00         380,700.83           1,000.00     $ 5.8333332823
  A3-1      13,653,000.00          79,642.50           1,000.00     $ 5.8333333333
  A3-2      51,610,000.00         301,058.33           1,000.00     $ 5.8333332687
    A4      13,901,000.00               0.00           1,000.00     $ 0.0000000000
    A5      13,852,000.00          86,575.00           1,000.00     $ 6.2500000000
    A6       1,148,000.00               0.00           1,000.00     $ 0.0000000000
   A7      20,000,000.00         116,666.67           1,000.00     $ 5.8333335000
    AP       1,974,717.98               0.00           1,000.00     $ 0.0000000000
    B1       5,520,000.00          32,200.00           1,000.00     $ 5.8333333333
    B2       2,509,000.00          14,635.83           1,000.00     $ 5.8333320048
    B3       1,505,000.00           8,779.17           1,000.00     $ 5.8333355482
    B4       2,309,000.00          13,469.17           1,000.00     $ 5.8333347770
    B5       1,104,000.00           6,440.00           1,000.00     $ 5.8333333333
    B6       1,104,155.62           6,440.91           1,000.00     $ 5.8333353409
     R             100.00               0.58           1,000.00     $ 5.8000000000

XII. Percentage Distribution

               CLASS Scheduled Percenta  Beginning Balance Prepayment Percent
                    A     92.9997621274%     186,672,817.98    100.0000000000%
               SUBORD      7.0002378726%      14,051,155.62      0.0000000000%

 

                                        8

</TABLE>
<PAGE>


Creation Date :  Tue Jun 25, 1996  12:25 PM       SASC 1996-2      PAGE No. 004
 
                       MONTHLY CERTIFICATE HOLDERS REPORT
                       ----------------------------------
Due Period :  1 Beginning Date     :  05/02/1996  End Date        :  05/31/1996
                Determination Date :  06/18/1996  Remittance Date    06/25/1996
 


  XIII. Delinquency Information for Due Period

              PERIOD Number of   Principal Balance
             30 DAYS          0               0.00
             60 DAYS          0               0.00
            90+ DAYS          0               0.00
               TOTAL          0               0.00

           FORECLOSR          0               0.00
               TOTAL          0               0.00
                 REO          0               0.00
               TOTAL          0               0.00

   XIV. Book Value of REO For Due Period                              $ 0.00
    XV. Realized Losses
               GROUP             Amount
  MORTGAGE GROUP ONE               0.00

   XVI. Number of Loans

GROUP                 MORTGAGE GROUP ONE
Beginning Loan Number                634
Loans Paid Off                         2
Ending Loan Number                   632

  XVII. Covered Loss Amount Information

GROUP0                 POOL TOTAL
 Special Hazard       4,014,480.00
 Bankrupcy              100,000.00
 Fraud Loss           2,668,261.00

 XVIII. Mortgage Loan Substitutions
Deleted Loans                   0.00
Substituted Loans               0.00


                                       9


<PAGE>

                                  Exhibit 99.2

              Monthly Certificate Holder Statement on July 25, 1996


                                       10
<PAGE>
<TABLE>
 Creation Date :  Tue Jul 23, 1996  10:25 AM       SASC 1996-2      PAGE No. 001
 
                       MONTHLY CERTIFICATE HOLDERS REPORT
                       ----------------------------------
 
Due Period :  2 Beginning Date     :  06/01/1996  End Date       :  06/30/1996
                Determination Date :  07/18/1996  Remittance Date:  07/25/1996
 
 
                  STRUCTURED ASSET SECURITIES CORPORATION, Series 1996-2

     I. Cash Received
<S>                 <C>                              <C>
GROUP                MORTGAGE GROUP ONE              TOTAL
 Scheduled Prin               192,599.23         192,599.23
 Prepayment Prin               98,055.04          98,055.04
 Payoff Prin                  738,050.14         738,050.14
 Liquidation Proceeds               0.00               0.00
 Insurance Proceeds                 0.00               0.00
 Scheduled Int              1,153,353.69       1,153,353.69
 TOTAL                      2,182,058.10       2,182,058.10

    II. Pool Balance

 Beginning Balance     199,679,740.59     199,679,740.59
 Scheduled Prin            192,599.23         192,599.23
 Prepay Prin                98,055.04          98,055.04
 Payoff Prin               738,050.14         738,050.14
 Other                           0.00               0.00
 Ending Balance        198,651,036.18     198,651,036.18

   III. Interest to Certificateholders

Class       Beg. Balance               Rate   Schduled Int         Loss   Disbrsed Int
    A1      36,995,000.00        7.00000000%   $ 215,804.17       $ 0.00   $ 215,804.17
    A2      33,539,000.00        7.00000000%   $ 195,644.17       $ 0.00   $ 195,644.17
    A3      64,163,829.34        7.00000000%   $ 374,289.00       $ 0.00   $ 374,289.00
  A3-1      12,634,918.51        7.00000000%    $ 73,703.69       $ 0.00    $ 73,703.69
  A3-2      51,528,910.83        7.00000000%   $ 300,585.31       $ 0.00   $ 300,585.31
    A4      13,982,089.17        7.00000000%         $ 0.00       $ 0.00         $ 0.00
    A5      13,852,000.00        7.50000000%    $ 86,575.00       $ 0.00    $ 86,575.00
    A6       1,148,000.00        0.00000000%         $ 0.00       $ 0.00         $ 0.00
    A7      20,000,000.00        7.00000000%   $ 116,666.67       $ 0.00   $ 116,666.67
    AP       1,961,965.59        0.00000000%         $ 0.00       $ 0.00         $ 0.00
    B1       5,514,736.14        7.00000000%    $ 32,169.29       $ 0.00    $ 32,169.29
    B2       2,506,607.43        7.00000000%    $ 14,621.88       $ 0.00    $ 14,621.88
    B3       1,503,564.84        7.00000000%     $ 8,770.79       $ 0.00     $ 8,770.79
    B4       2,306,798.15        7.00000000%    $ 13,456.32       $ 0.00    $ 13,456.32
    B5       1,102,947.23        7.00000000%     $ 6,433.86       $ 0.00     $ 6,433.86
    B6       1,103,102.70        7.00000000%     $ 6,434.77       $ 0.00     $ 6,434.77
     R             100.00        7.00000000%         $ 0.58       $ 0.00         $ 0.58


IV. Interest to Certificateholders

Class       Beg. Balance   Schduled Int         Loss   Disbrsed Int
     A     185,641,984.10   $ 988,979.01       $ 0.00   $ 988,979.01
 SUBOR      14,037,756.49    $ 81,887.49       $ 0.00    $ 81,887.49
 TOTAL     199,679,740.59 $ 1,070,866.50       $ 0.00 $ 1,070,866.50


                                       11
</TABLE>
<PAGE>

<TABLE>
 Creation Date :  Tue Jul 23, 1996  10:25 AM       SASC 1996-2    PAGE No. 002
 
                       MONTHLY CERTIFICATE HOLDERS REPORT
                       ----------------------------------
 
Due Period :  2 Beginning Date     :  06/01/1996  End Date      :  06/30/1996
                Determination Date :  07/18/1996  Remittance Date   07/25/1996
 
 

     V. Servicing Advances

Current Advances               0.00

    VI. Servicing Fee

 Amount         148,407.19

   VII. Principal to Certificateholders
<S>                 <C>                              <C>             <C>
Class       Beg. Balance Schduled Principal   Ending Principal       Cert. Factor
    A1      36,995,000.00               0.00      36,995,000.00       1.0000000000
    A2      33,539,000.00               0.00      33,539,000.00       1.0000000000
    A3      64,163,829.34       1,094,329.77      63,069,499.57       0.9663898315
  A3-1      12,634,918.51       1,012,767.58      11,622,150.93       0.8512525401
  A3-2      51,528,910.83          81,562.19      51,447,348.64       0.9968484526
    A4      13,982,089.17               0.00      14,063,651.36       1.0117006949
    A5      13,852,000.00               0.00      13,852,000.00       1.0000000000
    A6       1,148,000.00               0.00       1,148,000.00       1.0000000000
    A7      20,000,000.00               0.00      20,000,000.00       1.0000000000
    AP       1,961,965.59           2,408.77       1,959,556.82       0.9923223670
    B1       5,514,736.14           5,314.50       5,509,421.64       0.9980836304
    B2       2,506,607.43           2,415.60       2,504,191.83       0.9980836309
    B3       1,503,564.84           1,448.97       1,502,115.87       0.9980836346
    B4       2,306,798.15           2,223.04       2,304,575.11       0.9980836336
    B5       1,102,947.23           1,062.90       1,101,884.33       0.9980836322
    B6       1,103,102.70           1,063.05       1,102,039.65       0.9980836306
     R             100.00               0.00             100.00       1.0000000000

  VIII. Principal to Certificateholders

Class       Beg. Balance Schduled Principal   Ending Principal
     A     185,641,984.10       1,096,738.54     184,626,807.75
 SUBOR      14,037,756.49          13,528.06      14,024,228.43
 TOTAL     199,679,740.59       1,110,266.60     198,651,036.18

IX. Residual Payments to Class R

GROUP             MORTGAGE GROUP ONE
Residual Interest               1.53

</TABLE>
                                       12

<PAGE>
<TABLE>

 Creation Date :  Tue Jul 23, 1996  10:25 AM       SASC 1996-2    PAGE No. 003
 
                       MONTHLY CERTIFICATE HOLDERS REPORT
                       ----------------------------------
 
Due Period :  2 Beginning Date     :  06/01/1996  End Date        :  06/30/1996
                Determination Date :  07/18/1996  Remittance Date :  07/25/1996
 
 
X. Single Certificate Principal Distribution
<S>                 <C>                              <C> 
Class      Orig. Balance   Sched. Principal  Certificate Value    Pr.Dist / Cert.
    A1      36,995,000.00               0.00           1,000.00     $ 0.0000000000
    A2      33,539,000.00               0.00           1,000.00     $ 0.0000000000
    A3      65,263,000.00       1,094,329.77           1,000.00    $ 16.7679967210
  A3-1      13,653,000.00       1,012,767.58           1,000.00    $ 74.1791240021
  A3-2      51,610,000.00          81,562.19           1,000.00     $ 1.5803563263
    A4      13,901,000.00               0.00           1,000.00     $ 0.0000000000
    A5      13,852,000.00               0.00           1,000.00     $ 0.0000000000
    A6       1,148,000.00               0.00           1,000.00     $ 0.0000000000
    A7      20,000,000.00               0.00           1,000.00     $ 0.0000000000
    AP       1,974,717.98           2,408.77           1,000.00     $ 1.2198045617
    B1       5,520,000.00           5,314.50           1,000.00     $ 0.9627717391
    B2       2,509,000.00           2,415.60           1,000.00     $ 0.9627740136
    B3       1,505,000.00           1,448.97           1,000.00     $ 0.9627707641
    B4       2,309,000.00           2,223.04           1,000.00     $ 0.9627717627
    B5       1,104,000.00           1,062.90           1,000.00     $ 0.9627717391
    B6       1,104,155.62           1,063.05           1,000.00     $ 0.9627718962
     R             100.00               0.00           1,000.00     $ 0.0000000000

    XI. Single Certificate Interest Distribution

Class      Orig. Balance    Sched. Interest  Certificate Value   Int.Dist / Cert.
    A1      36,995,000.00         215,804.17           1,000.00     $ 5.8333334234
    A2      33,539,000.00         195,644.17           1,000.00     $ 5.8333334327
    A3      65,263,000.00         374,289.00           1,000.00     $ 5.7350872623
  A3-1      13,653,000.00          73,703.69           1,000.00     $ 5.3983512781
  A3-2      51,610,000.00         300,585.31           1,000.00     $ 5.8241679907
    A4      13,901,000.00               0.00           1,000.00     $ 0.0000000000
    A5      13,852,000.00          86,575.00           1,000.00     $ 6.2500000000
    A6       1,148,000.00               0.00           1,000.00     $ 0.0000000000
    A7      20,000,000.00         116,666.67           1,000.00     $ 5.8333335000
    AP       1,974,717.98               0.00           1,000.00     $ 0.0000000000
    B1       5,520,000.00          32,169.29           1,000.00     $ 5.8277699275
    B2       2,509,000.00          14,621.88           1,000.00     $ 5.8277720207
    B3       1,505,000.00           8,770.79           1,000.00     $ 5.8277674419
    B4       2,309,000.00          13,456.32           1,000.00     $ 5.8277695972
    B5       1,104,000.00           6,433.86           1,000.00     $ 5.8277717391
    B6       1,104,155.62           6,434.77           1,000.00     $ 5.8277745306
     R             100.00               0.58           1,000.00     $ 5.8000000000

XII. Percentage Distribution
               CLASS  Scheduled Percent  Beginning Balance Prepayment Percent
                    A     92.9698644190%     185,641,984.10    100.0000000000%
               SUBORD      7.0301355810%      14,037,756.49      0.0000000000%


                                       13

</TABLE>
<PAGE>
 Creation Date :  Tue Jul 23, 1996  10:25 AM       SASC 1996-2    PAGE No. 004

                       MONTHLY CERTIFICATE HOLDERS REPORT
                       ----------------------------------
 
Due Period :  2 Beginning Date     :  06/01/1996  End Date       :  06/30/1996
                Determination Date :  07/18/1996  Remittance Date:  07/25/1996
 

   XIII. Delinquency Information for Due Period
             PERIOD  Number of  Principal Balance
             30 DAYS          2         451,275.53
             60 DAYS          0               0.00
            90+ DAYS          0               0.00
               TOTAL          2         451,275.53
 
           FORECLOSR          0               0.00
               TOTAL          0               0.00
 
                 REO          0               0.00
               TOTAL          0               0.00

   XIV. Book Value of REO For Due Period                               $ 0.00

    XV. Realized Losses
 
             GROUP             Amount
  MORTGAGE GROUP ONE               0.00

   XVI. Number of Loans

GROUP                 MORTGAGE GROUP ONE
Beginning Loan Number                632
Loans Paid Off                         3
Ending Loan Number                   629

  XVII. Covered Loss Amount Information

                                       14
<PAGE>

                                  Exhibit 99.3

             Monthly Certificate Holder Statement on August 25, 1996


                                       15
<PAGE>
<TABLE>
Creation Date :  Wed Aug 21, 1996  04:08 PM       SASC 1996-2  PAGE No. 001
 
                       MONTHLY CERTIFICATE HOLDERS REPORT
                       ----------------------------------
 
Due Period :  3 Beginning Date     :  07/01/1996  End Date        :  07/31/1996
                Determination Date :  08/19/1996  Remittance Date :  08/26/1996
 
 
             STRUCTURED ASSET SECURITIES CORPORATION, Series 1996-2

     I. Cash Received
<S>                 <C>                              <C> 
GROUP                MORTGAGE GROUP ONE              TOTAL
 Scheduled Prin               193,851.12         193,851.12
 Prepayment Prin               33,398.30          33,398.30
 Payoff Prin                  919,470.73         919,470.73
 Liquidation Proceeds               0.00               0.00
 Insurance Proceeds                 0.00               0.00
 Scheduled Int              1,147,368.22       1,147,368.22
 TOTAL                      2,294,088.37       2,294,088.37

    II. Pool Balance

 Beginning Balance     198,651,036.18     198,651,036.18
 Scheduled Prin            193,851.12         193,851.12
 Prepay Prin                33,398.30          33,398.30
 Payoff Prin               919,470.73         919,470.73
 Other                           0.00               0.00
 Ending Balance        197,504,316.03     197,504,316.03

   III. Interest to Certificateholders

Class       Beg. Balance               Rate   Schduled Int         Loss   Disbrsed Int
    A1      36,995,000.00        7.00000000%   $ 215,804.17       $ 0.00   $ 215,804.17
    A2      33,539,000.00        7.00000000%   $ 195,644.17       $ 0.00   $ 195,644.17
    A3      63,069,499.57        7.00000000%   $ 367,905.41       $ 0.00   $ 367,905.41
  A3-1      11,622,150.93        7.00000000%    $ 67,795.88       $ 0.00    $ 67,795.88
  A3-2      51,447,348.64        7.00000000%   $ 300,109.53       $ 0.00   $ 300,109.53
    A4      14,063,651.36        7.00000000%         $ 0.00       $ 0.00         $ 0.00
    A5      13,852,000.00        7.50000000%    $ 86,575.00       $ 0.00    $ 86,575.00
    A6       1,148,000.00        0.00000000%         $ 0.00       $ 0.00         $ 0.00
    A7      20,000,000.00        7.00000000%   $ 116,666.67       $ 0.00   $ 116,666.67
    AP       1,959,556.82        0.00000000%         $ 0.00       $ 0.00         $ 0.00
    B1       5,509,421.64        7.00000000%    $ 32,138.29       $ 0.00    $ 32,138.29
    B2       2,504,191.83        7.00000000%    $ 14,607.79       $ 0.00    $ 14,607.79
    B3       1,502,115.87        7.00000000%     $ 8,762.34       $ 0.00     $ 8,762.34
    B4       2,304,575.11        7.00000000%    $ 13,443.35       $ 0.00    $ 13,443.35
    B5       1,101,884.33        7.00000000%     $ 6,427.66       $ 0.00     $ 6,427.66
    B6       1,102,039.65        7.00000000%     $ 6,428.56       $ 0.00     $ 6,428.56
     R             100.00        7.00000000%         $ 0.58       $ 0.00         $ 0.58


IV. Interest to Certificateholders

Class       Beg. Balance   Schduled Int         Loss   Disbrsed Int
     A     184,626,807.75   $ 982,596.00       $ 0.00   $ 982,596.00
 SUBOR      14,024,228.43    $ 81,807.99       $ 0.00    $ 81,807.99
 TOTAL     198,651,036.18 $ 1,064,403.99       $ 0.00 $ 1,064,403.99

                                       16
</TABLE>
<PAGE>

<TABLE>
 Creation Date :  Wed Aug 21, 1996  04:08 PM       SASC 1996-2    PAGE No. 002
 
                       MONTHLY CERTIFICATE HOLDERS REPORT
                       ----------------------------------
 
Due Period :  3 Beginning Date     :  07/01/1996  End Date       :  07/31/1996
                Determination Date :  08/19/1996  Remittance Date:  08/26/1996
 
 
V. Servicing Advances

 Current Advances         389,542.55

    VI. Servicing Fee

 Amount                   153,219.07

   VII. Principal to Certificateholders
<S>                 <C>                              <C> 
Class       Beg. Balance Schduled Principal   Ending Principal       Cert. Factor
    A1      36,995,000.00               0.00      36,995,000.00       1.0000000000
    A2      33,539,000.00               0.00      33,539,000.00       1.0000000000
    A3      63,069,499.57       1,212,420.07      61,857,079.50       0.9478123822
  A3-1      11,622,150.93       1,130,382.10      10,491,768.83       0.7684588611
  A3-2      51,447,348.64          82,037.97      51,365,310.67       0.9952588775
    A4      14,063,651.36               0.00      14,145,689.33       1.0176022826
    A5      13,852,000.00               0.00      13,852,000.00       1.0000000000
    A6       1,148,000.00               0.00       1,148,000.00       1.0000000000
    A7      20,000,000.00               0.00      20,000,000.00       1.0000000000
    AP       1,959,556.82           2,674.39       1,956,882.43       0.9909680521
    B1       5,509,421.64           5,367.77       5,504,053.87       0.9971112083
    B2       2,504,191.83           2,439.81       2,501,752.02       0.9971112077
    B3       1,502,115.87           1,463.50       1,500,652.37       0.9971112093
    B4       2,304,575.11           2,245.32       2,302,329.79       0.9971112126
    B5       1,101,884.33           1,073.55       1,100,810.78       0.9971112138
    B6       1,102,039.65           1,073.71       1,100,965.94       0.9971112043
     R             100.00               0.00             100.00       1.0000000000

  VIII. Principal to Certificateholders

Class       Beg. Balance Schduled Principal   Ending Principal
     A     184,626,807.75       1,215,094.46     183,493,751.26
 SUBOR      14,024,228.43          13,663.66      14,010,564.77
 TOTAL     198,651,036.18       1,228,758.12     197,504,316.03

IX. Residual Payments to Class R

GROUP             MORTGAGE GROUP ONE
Residual Interest               2.79


                                       17
</TABLE>
<PAGE>
<TABLE>
 Creation Date :  Wed Aug 21, 1996  04:08 PM       SASC 1996-2    PAGE No. 003
 
                       MONTHLY CERTIFICATE HOLDERS REPORT
                       ----------------------------------
 
Due Period :  3 Beginning Date     :  07/01/1996  End Date       :  07/31/1996
                Determination Date :  08/19/1996  Remittance Date:  08/26/1996
 
 

     X. Single Certificate Principal Distribution
<S>                 <C>                              <C> 
Class      Orig. Balance   Sched. Principal  Certificate Value    Pr.Dist / Cert.
    A1      36,995,000.00               0.00           1,000.00     $ 0.0000000000
    A2      33,539,000.00               0.00           1,000.00     $ 0.0000000000
    A3      65,263,000.00       1,212,420.07           1,000.00    $ 18.5774492438
  A3-1      13,653,000.00       1,130,382.10           1,000.00    $ 82.7936790449
  A3-2      51,610,000.00          82,037.97           1,000.00     $ 1.5895750823
    A4      13,901,000.00               0.00           1,000.00     $ 0.0000000000
    A5      13,852,000.00               0.00           1,000.00     $ 0.0000000000
    A6       1,148,000.00               0.00           1,000.00     $ 0.0000000000
    A7      20,000,000.00               0.00           1,000.00     $ 0.0000000000
    AP       1,974,717.98           2,674.39           1,000.00     $ 1.3543149083
    B1       5,520,000.00           5,367.77           1,000.00     $ 0.9724221014
    B2       2,509,000.00           2,439.81           1,000.00     $ 0.9724232762
    B3       1,505,000.00           1,463.50           1,000.00     $ 0.9724252492
    B4       2,309,000.00           2,245.32           1,000.00     $ 0.9724209615
    B5       1,104,000.00           1,073.55           1,000.00     $ 0.9724184783
    B6       1,104,155.62           1,073.71           1,000.00     $ 0.9724263324
     R             100.00               0.00           1,000.00     $ 0.0000000000

    XI. Single Certificate Interest Distribution

Class      Orig. Balance    Sched. Interest  Certificate Value   Int.Dist / Cert.
    A1      36,995,000.00         215,804.17           1,000.00     $ 5.8333334234
    A2      33,539,000.00         195,644.17           1,000.00     $ 5.8333334327
    A3      65,263,000.00         367,905.41           1,000.00     $ 5.6372739531
  A3-1      13,653,000.00          67,795.88           1,000.00     $ 4.9656397861
  A3-2      51,610,000.00         300,109.53           1,000.00     $ 5.8149492346
    A4      13,901,000.00               0.00           1,000.00     $ 0.0000000000
    A5      13,852,000.00          86,575.00           1,000.00     $ 6.2500000000
    A6       1,148,000.00               0.00           1,000.00     $ 0.0000000000
    A7      20,000,000.00         116,666.67           1,000.00     $ 5.8333335000
    AP       1,974,717.98               0.00           1,000.00     $ 0.0000000000
    B1       5,520,000.00          32,138.29           1,000.00     $ 5.8221539855
    B2       2,509,000.00          14,607.79           1,000.00     $ 5.8221562375
    B3       1,505,000.00           8,762.34           1,000.00     $ 5.8221528239
    B4       2,309,000.00          13,443.35           1,000.00     $ 5.8221524469
    B5       1,104,000.00           6,427.66           1,000.00     $ 5.8221557971
    B6       1,104,155.62           6,428.56           1,000.00     $ 5.8221503233
     R             100.00               0.58           1,000.00     $ 5.8000000000

   XII. Percentage Distribution

               CLASS Scheduled Percenta  Beginning Balance Prepayment Percent
                    A     92.9402691770%     184,626,807.75    100.0000000000%
               SUBORD      7.0597308230%      14,024,228.43      0.0000000000%

                                       18
</TABLE>
<PAGE>


 Creation Date :  Wed Aug 21, 1996  04:08 PM       SASC 1996-2     PAGE No. 004
 
                       MONTHLY CERTIFICATE HOLDERS REPORT
                       ----------------------------------
 
Due Period :  3 Beginning Date     :  07/01/1996  End Date       :  07/31/1996
                Determination Date :  08/19/1996  Remittance Date :  08/26/1996
 
 
  XIII. Delinquency Information for Due Period
            PERIOD  Number of  Principal Balance
              30 DAYS          2         480,033.86
             60 DAYS          0               0.00
            90+ DAYS          0               0.00
                TOTAL          2         480,033.86
           FORECLOSR          0               0.00
               TOTAL          0               0.00
                 REO          0               0.00
               TOTAL          0               0.00

   XIV. Book Value of REO For Due Period                                $ 0.00

    XV. Realized Losses

               GROUP             Amount
  MORTGAGE GROUP ONE               0.00

   XVI. Number of Loans
GROUP                 MORTGAGE GROUP ONE
 
Beginning Loan Number                629
Loans Paid Off                         4
Ending Loan Number                   625

  XVII. Covered Loss Amount Information

GROUP0                 POOL TOTAL
 Special Hazard       4,014,480.00
 Bankrupcy              100,000.00
 Fraud Loss           2,668,261.00

 XVIII. Mortgage Loan Substitutions
Deleted Loans                   0.00
Substituted Loans               0.00

                                       19
<PAGE>


                                  Exhibit 99.4

           Monthly Certificate Holder Statement on September 25, 1996


                                       20
<PAGE>
<TABLE>

 Creation Date :  Wed Sep 11, 1996  12:53 PM       SASC 1996-2   PAGE No. 001
 
                       MONTHLY CERTIFICATE HOLDERS REPORT
                       ----------------------------------
 
Due Period :  4 Beginning Date     :  08/01/1996  End Date        :  08/31/1996
                Determination Date :  09/18/1996  Remittance Date :  09/25/1996
 
 
             STRUCTURED ASSET SECURITIES CORPORATION, Series 1996-2

     I. Cash Received
<S>                 <C>                              <C> 
GROUP                MORTGAGE GROUP ONE              TOTAL
 Scheduled Prin               194,530.13         194,530.13
 Prepayment Prin               55,252.36          55,252.36
 Payoff Prin                  763,720.57         763,720.57
 Liquidation Proceeds               0.00               0.00
 Insurance Proceeds                 0.00               0.00
 Scheduled Int              1,140,693.37       1,140,693.37
 TOTAL                      2,154,196.43       2,154,196.43

    II. Pool Balance

 Beginning Balance     197,504,316.03     197,504,316.03
 Scheduled Prin            194,530.13         194,530.13
 Prepay Prin                55,252.36          55,252.36
 Payoff Prin               763,720.57         763,720.57
 Other                           0.00               0.00
 Ending Balance        196,490,812.97     196,490,812.97

   III. Interest to Certificateholders

Class       Beg. Balance               Rate   Schduled Int         Loss   Disbrsed Int
    A1      36,995,000.00        7.00000000%   $ 215,804.17       $ 0.00   $ 215,804.17
    A2      33,539,000.00        7.00000000%   $ 195,644.17       $ 0.00   $ 195,644.17
    A3      61,857,079.50        7.00000000%   $ 360,832.96       $ 0.00   $ 360,832.96
  A3-1      10,491,768.83        7.00000000%    $ 61,201.98       $ 0.00    $ 61,201.98
  A3-2      51,365,310.67        7.00000000%   $ 299,630.98       $ 0.00   $ 299,630.98
    A4      14,145,689.33        7.00000000%         $ 0.00       $ 0.00         $ 0.00
    A5      13,852,000.00        7.50000000%    $ 86,575.00       $ 0.00    $ 86,575.00
    A6       1,148,000.00        0.00000000%         $ 0.00       $ 0.00         $ 0.00
    A7      20,000,000.00        7.00000000%   $ 116,666.67       $ 0.00   $ 116,666.67
    AP       1,956,882.43        0.00000000%         $ 0.00       $ 0.00         $ 0.00
    B1       5,504,053.87        7.00000000%    $ 32,106.98       $ 0.00    $ 32,106.98
    B2       2,501,752.02        7.00000000%    $ 14,593.55       $ 0.00    $ 14,593.55
    B3       1,500,652.37        7.00000000%     $ 8,753.81       $ 0.00     $ 8,753.81
    B4       2,302,329.79        7.00000000%    $ 13,430.26       $ 0.00    $ 13,430.26
    B5       1,100,810.78        7.00000000%     $ 6,421.40       $ 0.00     $ 6,421.40
    B6       1,100,965.94        7.00000000%     $ 6,422.30       $ 0.00     $ 6,422.30
    R             100.00        7.00000000%         $ 0.58       $ 0.00         $ 0.58

IV. Interest to Certificateholders

Class       Beg. Balance   Schduled Int         Loss   Disbrsed Int
     A     183,493,751.26   $ 975,523.55       $ 0.00   $ 975,523.55
 SUBOR      14,010,564.77    $ 81,728.30       $ 0.00    $ 81,728.30
 TOTAL     197,504,316.03 $ 1,057,251.85       $ 0.00 $ 1,057,251.85

</TABLE>
                                       21
<PAGE>
<TABLE>
 Creation Date :  Wed Sep 11, 1996  12:53 PM       SASC 1996-2         PAGE No. 002
 
                       MONTHLY CERTIFICATE HOLDERS REPORT
                       ----------------------------------
 
Due Period :  4 Beginning Date     :  08/01/1996  End Date           :  08/31/1996
                Determination Date :  09/18/1996  Remittance Date    :  09/25/1996
 
 
     V. Servicing Advances

Current Advances               0.00

    VI. Servicing Fee

 Amount         153,279.71

   VII. Principal to Certificateholders
<S>                 <C>                              <C> 
Class       Beg. Balance Schduled Principal   Ending Principal       Cert. Factor
    A1      36,995,000.00               0.00      36,995,000.00       1.0000000000
    A2      33,539,000.00               0.00      33,539,000.00       1.0000000000
    A3      61,857,079.50       1,079,303.56      60,777,775.94       0.9312746264
  A3-1      10,491,768.83         996,787.04       9,494,981.79       0.6954502153
  A3-2      51,365,310.67          82,516.52      51,282,794.15       0.9936600300
    A4      14,145,689.33               0.00      14,228,205.85       1.0235382958
    A5      13,852,000.00               0.00      13,852,000.00       1.0000000000
    A6       1,148,000.00               0.00       1,148,000.00       1.0000000000
    A7      20,000,000.00               0.00      20,000,000.00       1.0000000000
    AP       1,956,882.43           2,932.59       1,953,949.84       0.9894829843
    B1       5,504,053.87           5,414.83       5,498,639.04       0.9961302609
    B2       2,501,752.02           2,461.19       2,499,290.83       0.9961302631
    B3       1,500,652.37           1,476.32       1,499,176.05       0.9961302658
    B4       2,302,329.79           2,265.01       2,300,064.78       0.9961302642
    B5       1,100,810.78           1,082.96       1,099,727.82       0.9961302717
    B6       1,100,965.94           1,083.12       1,099,882.82       0.9961302556
     R             100.00               0.00             100.00       1.0000000000

  VIII. Principal to Certificateholders

Class       Beg. Balance Schduled Principal   Ending Principal
     A     183,493,751.26       1,082,236.15     182,494,031.63
 SUBOR      14,010,564.77          13,783.43      13,996,781.34
 TOTAL     197,504,316.03       1,096,019.58     196,490,812.97


IX. Residual Payments to Class R

GROUP             MORTGAGE GROUP ONE
Residual Interest               1.53

</TABLE>
                                       22
<PAGE>
<TABLE>

 Creation Date :  Wed Sep 11, 1996  12:53 PM       SASC 1996-2     PAGE No. 003
 
                       MONTHLY CERTIFICATE HOLDERS REPORT
                       ----------------------------------
 
Due Period :  4 Beginning Date     :  08/01/1996  End Date        :  08/31/1996
                Determination Date :  09/18/1996  Remittance Date :  09/25/1996
 
 

     X. Single Certificate Principal Distribution
<S>                 <C>                              <C> 
Class      Orig. Balance   Sched. Principal  Certificate Value    Pr.Dist / Cert.
    A1      36,995,000.00               0.00           1,000.00     $ 0.0000000000
    A2      33,539,000.00               0.00           1,000.00     $ 0.0000000000
    A3      65,263,000.00       1,079,303.56           1,000.00    $ 16.5377558494
  A3-1      13,653,000.00         996,787.04           1,000.00    $ 73.0086457189
  A3-2      51,610,000.00          82,516.52           1,000.00     $ 1.5988475102
    A4      13,901,000.00               0.00           1,000.00     $ 0.0000000000
    A5      13,852,000.00               0.00           1,000.00     $ 0.0000000000
    A6       1,148,000.00               0.00           1,000.00     $ 0.0000000000
    A7      20,000,000.00               0.00           1,000.00     $ 0.0000000000
    AP       1,974,717.98           2,932.59           1,000.00     $ 1.4850677564
    B1       5,520,000.00           5,414.83           1,000.00     $ 0.9809474638
    B2       2,509,000.00           2,461.19           1,000.00     $ 0.9809445994
    B3       1,505,000.00           1,476.32           1,000.00     $ 0.9809435216
    B4       2,309,000.00           2,265.01           1,000.00     $ 0.9809484625
    B5       1,104,000.00           1,082.96           1,000.00     $ 0.9809420290
    B6       1,104,155.62           1,083.12           1,000.00     $ 0.9809486819
     R             100.00               0.00           1,000.00     $ 0.0000000000

    XI. Single Certificate Interest Distribution

Class      Orig. Balance    Sched. Interest  Certificate Value   Int.Dist / Cert.
    A1      36,995,000.00         215,804.17           1,000.00     $ 5.8333334234
    A2      33,539,000.00         195,644.17           1,000.00     $ 5.8333334327
    A3      65,263,000.00         360,832.96           1,000.00     $ 5.5289055054
  A3-1      13,653,000.00          61,201.98           1,000.00     $ 4.4826763349
  A3-2      51,610,000.00         299,630.98           1,000.00     $ 5.8056768068
    A4      13,901,000.00               0.00           1,000.00     $ 0.0000000000
    A5      13,852,000.00          86,575.00           1,000.00     $ 6.2500000000
    A6       1,148,000.00               0.00           1,000.00     $ 0.0000000000
    A7      20,000,000.00         116,666.67           1,000.00     $ 5.8333335000
    AP       1,974,717.98               0.00           1,000.00     $ 0.0000000000
    B1       5,520,000.00          32,106.98           1,000.00     $ 5.8164818841
    B2       2,509,000.00          14,593.55           1,000.00     $ 5.8164806696
    B3       1,505,000.00           8,753.81           1,000.00     $ 5.8164850498
    B4       2,309,000.00          13,430.26           1,000.00     $ 5.8164833261
    B5       1,104,000.00           6,421.40           1,000.00     $ 5.8164855072
    B6       1,104,155.62           6,422.30           1,000.00     $ 5.8164808327
     R             100.00               0.58           1,000.00     $ 5.8000000000

   XII. Percentage Distribution
               CLASS Scheduled Percenta  Beginning Balance Prepayment Percent
                    A     92.9061981770%     183,493,751.26    100.0000000000%
               SUBORD      7.0938018230%      14,010,564.77      0.0000000000%

</TABLE>
                                       23
<PAGE>


 Creation Date :  Wed Sep 11, 1996  12:53 PM       SASC 1996-2     PAGE No. 004
 
                       MONTHLY CERTIFICATE HOLDERS REPORT
                       ----------------------------------
 
Due Period :  4 Beginning Date     :  08/01/1996  End Date        :  08/31/1996
                Determination Date :  09/18/1996  Remittance Date :  09/25/1996
 
 
XIII. Delinquency Information for Due Period

            PERIOD    Number of  Principal Balance
              30 DAYS          5       1,620,933.82
             60 DAYS          0               0.00
            90+ DAYS          0               0.00
                TOTAL          5       1,620,933.82
 
           FORECLOSR          0               0.00
               TOTAL          0               0.00
 
                 REO          0               0.00
               TOTAL          0               0.00

   XIV. Book Value of REO For Due Period                               $ 0.00

    XV. Realized Losses

               GROUP             Amount
  MORTGAGE GROUP ONE               0.00

   XVI. Number of Loans

GROUP                 MORTGAGE GROUP ONE
Beginning Loan Number                625
Loans Paid Off                         3
Ending Loan Number                   622

  XVII. Covered Loss Amount Information

GROUP0                 POOL TOTAL
 Special Hazard       4,014,480.00
 Bankrupcy              100,000.00
 Fraud Loss           2,668,261.00

 XVIII. Mortgage Loan Substitutions
Deleted Loans                   0.00
Substituted Loans               0.00

                                       24

<PAGE>

                                  Exhibit 99.5

            Monthly Certificate Holder Statement on October 25, 1996

                                       25

<PAGE>
<TABLE>
 Creation Date :  Tue Oct 15, 1996  11:47 AM       SASC 1996-2     PAGE No. 001
 
                       MONTHLY CERTIFICATE HOLDERS REPORT
                       ----------------------------------
 
Due Period :  5 Beginning Date     :  09/01/1996  End Date        :  09/30/1996
                Determination Date :  10/18/1996  Remittance Date :  10/25/1996
 
 
             STRUCTURED ASSET SECURITIES CORPORATION, Series 1996-2

     I. Cash Received
<S>                 <C>                              <C> 
GROUP                MORTGAGE GROUP ONE              TOTAL
 Scheduled Prin               195,456.80         195,456.80
 Prepayment Prin               37,593.61          37,593.61
 Payoff Prin                1,288,503.97       1,288,503.97
 Liquidation Proceeds               0.00               0.00
 Insurance Proceeds                 0.00               0.00
 Scheduled Int              1,134,797.55       1,134,797.55
 TOTAL                      2,656,351.93       2,656,351.93

    II. Pool Balance

 Beginning Balance     196,490,812.97     196,490,812.97
 Scheduled Prin            195,456.80         195,456.80
 Prepay Prin                37,593.61          37,593.61
 Payoff Prin             1,288,503.97       1,288,503.97
 Other                           0.00               0.00
 Ending Balance        194,969,258.59     194,969,258.59

   III. Interest to Certificateholders

Class       Beg. Balance               Rate   Schduled Int         Loss   Disbrsed Int
    A1      36,995,000.00        7.00000000%   $ 215,804.17       $ 0.00   $ 215,804.17
    A2      33,539,000.00        7.00000000%   $ 195,644.17       $ 0.00   $ 195,644.17
    A3      60,777,775.94        7.00000000%   $ 354,537.02       $ 0.00   $ 354,537.02
  A3-1       9,494,981.79        7.00000000%    $ 55,387.39       $ 0.00    $ 55,387.39
  A3-2      51,282,794.15        7.00000000%   $ 299,149.63       $ 0.00   $ 299,149.63
    A4      14,228,205.85        7.00000000%         $ 0.00       $ 0.00         $ 0.00
    A5      13,852,000.00        7.50000000%    $ 86,575.00       $ 0.00    $ 86,575.00
    A6       1,148,000.00        0.00000000%         $ 0.00       $ 0.00         $ 0.00
    A7      20,000,000.00        7.00000000%   $ 116,666.67       $ 0.00   $ 116,666.67
    AP       1,953,949.84        0.00000000%         $ 0.00       $ 0.00         $ 0.00
    B1       5,498,639.04        7.00000000%    $ 32,075.39       $ 0.00    $ 32,075.39
    B2       2,499,290.83        7.00000000%    $ 14,579.20       $ 0.00    $ 14,579.20
    B3       1,499,176.05        7.00000000%     $ 8,745.19       $ 0.00     $ 8,745.19
    B4       2,300,064.78        7.00000000%    $ 13,417.04       $ 0.00    $ 13,417.04
    B5       1,099,727.82        7.00000000%     $ 6,415.08       $ 0.00     $ 6,415.08
    B6       1,099,882.82        7.00000000%     $ 6,415.98       $ 0.00     $ 6,415.98
     R             100.00        7.00000000%         $ 0.58       $ 0.00         $ 0.58


IV. Interest to Certificateholders

Class       Beg. Balance   Schduled Int         Loss   Disbrsed Int
     A     182,494,031.63   $ 969,227.61       $ 0.00   $ 969,227.61
 SUBOR      13,996,781.34    $ 81,647.88       $ 0.00    $ 81,647.88
 TOTAL     196,490,812.97 $ 1,050,875.49       $ 0.00 $ 1,050,875.49

                                       26
</TABLE>
<PAGE>
<TABLE>
Creation Date :  Tue Oct 15, 1996  11:47 AM       SASC 1996-2      PAGE No. 002
 
                       MONTHLY CERTIFICATE HOLDERS REPORT
                       ----------------------------------
 
Due Period :  5 Beginning Date     :  09/01/1996  End Date        :  09/30/1996
                Determination Date :  10/18/1996  Remittance Date :  10/25/1996
 
 
     V. Servicing Advances

Current Advances               0.00

    VI. Servicing Fee

 Amount         152,050.00

   VII. Principal to Certificateholders
<S>                 <C>                              <C> 
Class       Beg. Balance Schduled Principal   Ending Principal       Cert. Factor
    A1      36,995,000.00               0.00      36,995,000.00       1.0000000000
    A2      33,539,000.00               0.00      33,539,000.00       1.0000000000
    A3      60,777,775.94       1,580,757.57      59,197,018.37       0.9070532824
  A3-1       9,494,981.79       1,497,759.70       7,997,222.09       0.5857483403
  A3-2      51,282,794.15          82,997.87      51,199,796.28       0.9920518558
    A4      14,228,205.85               0.00      14,311,203.72       1.0295089360
    A5      13,852,000.00               0.00      13,852,000.00       1.0000000000
    A6       1,148,000.00               0.00       1,148,000.00       1.0000000000
    A7      20,000,000.00               0.00      20,000,000.00       1.0000000000
    AP       1,953,949.84           9,867.07       1,944,082.77       0.9844862860
    B1       5,498,639.04           5,471.46       5,493,167.58       0.9951390543
    B2       2,499,290.83           2,486.94       2,496,803.89       0.9951390554
    B3       1,499,176.05           1,491.77       1,497,684.28       0.9951390565
    B4       2,300,064.78           2,288.70       2,297,776.08       0.9951390559
    B5       1,099,727.82           1,094.29       1,098,633.53       0.9951390670
    B6       1,099,882.82           1,094.45       1,098,788.37       0.9951390457
     R             100.00               0.00             100.00       1.0000000000

  VIII. Principal to Certificateholders

Class       Beg. Balance Schduled Principal   Ending Principal
     A     182,494,031.63       1,590,624.64     180,986,404.86
 SUBOR      13,996,781.34          13,927.61      13,982,853.73
 TOTAL     196,490,812.97       1,604,552.25     194,969,258.59

IX. Residual Payments to Class R

GROUP             MORTGAGE GROUP ONE
Residual Interest               0.72


</TABLE>
                                       27
<PAGE>
<TABLE>
Creation Date :  Tue Oct 15, 1996  11:47 AM       SASC 1996-2     PAGE No. 003
 
                       MONTHLY CERTIFICATE HOLDERS REPORT
                       ----------------------------------
 
Due Period :  5 Beginning Date     :  09/01/1996  End Date        :  09/30/1996
                Determination Date :  10/18/1996  Remittance Date :  10/25/1996
 
 

     X. Single Certificate Principal Distribution
<S>                 <C>                              <C> 
Class      Orig. Balance   Sched. Principal  Certificate Value    Pr.Dist / Cert.
    A1      36,995,000.00               0.00           1,000.00     $ 0.0000000000
    A2      33,539,000.00               0.00           1,000.00     $ 0.0000000000
    A3      65,263,000.00       1,580,757.57           1,000.00    $ 24.2213439468
  A3-1      13,653,000.00       1,497,759.70           1,000.00   $ 109.7018750458
  A3-2      51,610,000.00          82,997.87           1,000.00     $ 1.6081741910
    A4      13,901,000.00               0.00           1,000.00     $ 0.0000000000
    A5      13,852,000.00               0.00           1,000.00     $ 0.0000000000
    A6       1,148,000.00               0.00           1,000.00     $ 0.0000000000
    A7      20,000,000.00               0.00           1,000.00     $ 0.0000000000
    AP       1,974,717.98           9,867.07           1,000.00     $ 4.9966983133
    B1       5,520,000.00           5,471.46           1,000.00     $ 0.9912065217
    B2       2,509,000.00           2,486.94           1,000.00     $ 0.9912076525
    B3       1,505,000.00           1,491.77           1,000.00     $ 0.9912093023
    B4       2,309,000.00           2,288.70           1,000.00     $ 0.9912083153
    B5       1,104,000.00           1,094.29           1,000.00     $ 0.9912047101
    B6       1,104,155.62           1,094.45           1,000.00     $ 0.9912099166
     R             100.00               0.00           1,000.00     $ 0.0000000000

    XI. Single Certificate Interest Distribution

Class      Orig. Balance    Sched. Interest  Certificate Value   Int.Dist / Cert.
    A1      36,995,000.00         215,804.17           1,000.00     $ 5.8333334234
    A2      33,539,000.00         195,644.17           1,000.00     $ 5.8333334327
    A3      65,263,000.00         354,537.02           1,000.00     $ 5.4324352236
  A3-1      13,653,000.00          55,387.39           1,000.00     $ 4.0567926463
  A3-2      51,610,000.00         299,149.63           1,000.00     $ 5.7963501259
    A4      13,901,000.00               0.00           1,000.00     $ 0.0000000000
    A5      13,852,000.00          86,575.00           1,000.00     $ 6.2500000000
    A6       1,148,000.00               0.00           1,000.00     $ 0.0000000000
    A7      20,000,000.00         116,666.67           1,000.00     $ 5.8333335000
    AP       1,974,717.98               0.00           1,000.00     $ 0.0000000000
    B1       5,520,000.00          32,075.39           1,000.00     $ 5.8107590580
    B2       2,509,000.00          14,579.20           1,000.00     $ 5.8107612595
    B3       1,505,000.00           8,745.19           1,000.00     $ 5.8107574751
    B4       2,309,000.00          13,417.04           1,000.00     $ 5.8107579039
    B5       1,104,000.00           6,415.08           1,000.00     $ 5.8107608696
    B6       1,104,155.62           6,415.98           1,000.00     $ 5.8107570018
     R             100.00               0.58           1,000.00     $ 5.8000000000

XII. Percentage Distribution

               CLASS Scheduled Percenta  Beginning Balance Prepayment Percent
                    A     92.8766230190%     182,494,031.63    100.0000000000%
               SUBORD      7.1233769810%      13,996,781.34      0.0000000000%

                                       28
</TABLE>
<PAGE>

 Creation Date :  Tue Oct 15, 1996  11:47 AM       SASC 1996-2     PAGE No. 004
 
                       MONTHLY CERTIFICATE HOLDERS REPORT
                       ----------------------------------
 
Due Period :  5 Beginning Date     :  09/01/1996  End Date        :  09/30/1996
                Determination Date :  10/18/1996  Remittance Date :  10/25/1996
 
 

  XIII. Delinquency Information for Due Period

            PERIOD    Number of  Principal Balance
              30 DAYS          2         666,155.29
              60 DAYS          1         200,101.77
            90+ DAYS          0               0.00
                TOTAL          3         866,257.06
 
           FORECLOSR          0               0.00
               TOTAL          0               0.00
 
                 REO          0               0.00
               TOTAL          0               0.00

   XIV. Book Value of REO For Due Period                               $ 0.00

    XV. Realized Losses

               GROUP             Amount
  MORTGAGE GROUP ONE               0.00

   XVI. Number of Loans

GROUP                 MORTGAGE GROUP ONE

Beginning Loan Number                622
Loans Paid Off                         4
Ending Loan Number                   618

  XVII. Covered Loss Amount Information

GROUP0                 POOL TOTAL
 Special Hazard       4,014,480.00
 Bankrupcy              100,000.00
 Fraud Loss           2,668,261.00

 XVIII. Mortgage Loan Substitutions

Deleted Loans                   0.00
Substituted Loans               0.00

                                       29
<PAGE>

                                  Exhibit 99.6

            Monthly Certificate Holder Statement on November 25, 1996

                                       30

<PAGE>
<TABLE>

 Creation Date :  Thu Nov 21, 1996  01:21 PM       SASC 1996-2     PAGE No. 001
 
                       MONTHLY CERTIFICATE HOLDERS REPORT
                       ----------------------------------
 
Due Period :  6 Beginning Date     :  10/01/1996  End Date        :  10/31/1996
                Determination Date :  11/18/1996  Remittance Date :  11/25/1996
 
 
             STRUCTURED ASSET SECURITIES CORPORATION, Series 1996-2

     I. Cash Received
<S>                 <C>                              <C> 
GROUP                MORTGAGE GROUP ONE              TOTAL
 Scheduled Prin               195,686.68         195,686.68
 Prepayment Prin              120,499.36         120,499.36
 Payoff Prin                  664,887.76         664,887.76
 Liquidation Proceeds               0.00               0.00
 Insurance Proceeds                 0.00               0.00
 Scheduled Int              1,125,980.20       1,125,980.20
 TOTAL                      2,107,054.00       2,107,054.00

    II. Pool Balance

 Beginning Balance     194,969,258.59     194,969,258.59
 Scheduled Prin            195,686.68         195,686.68
 Prepay Prin               120,499.36         120,499.36
 Payoff Prin               664,887.76         664,887.76
 Other                           0.00               0.00
 Ending Balance        193,988,184.79     193,988,184.79

   III. Interest to Certificateholders

Class       Beg. Balance               Rate   Schduled Int         Loss   Disbrsed Int
    A1      36,995,000.00        7.00000000%   $ 215,804.17       $ 0.00   $ 215,804.17
    A2      33,539,000.00        7.00000000%   $ 195,644.17       $ 0.00   $ 195,644.17
    A3      59,197,018.37        7.00000000%   $ 345,315.94       $ 0.00   $ 345,315.94
  A3-1       7,997,222.09        7.00000000%    $ 46,650.46       $ 0.00    $ 46,650.46
  A3-2      51,199,796.28        7.00000000%   $ 298,665.48       $ 0.00   $ 298,665.48
    A4      14,311,203.72        7.00000000%         $ 0.00       $ 0.00         $ 0.00
    A5      13,852,000.00        7.50000000%    $ 86,575.00       $ 0.00    $ 86,575.00
    A6       1,148,000.00        0.00000000%         $ 0.00       $ 0.00         $ 0.00
    A7      20,000,000.00        7.00000000%   $ 116,666.67       $ 0.00   $ 116,666.67
    AP       1,944,082.77        0.00000000%         $ 0.00       $ 0.00         $ 0.00
    B1       5,493,167.58        7.00000000%    $ 32,043.48       $ 0.00    $ 32,043.48
    B2       2,496,803.89        7.00000000%    $ 14,564.69       $ 0.00    $ 14,564.69
    B3       1,497,684.28        7.00000000%     $ 8,736.49       $ 0.00     $ 8,736.49
    B4       2,297,776.08        7.00000000%    $ 13,403.69       $ 0.00    $ 13,403.69
    B5       1,098,633.53        7.00000000%     $ 6,408.70       $ 0.00     $ 6,408.70
    B6       1,098,788.37        7.00000000%     $ 6,409.60       $ 0.00     $ 6,409.60
     R             100.00        7.00000000%         $ 0.58       $ 0.00         $ 0.58

IV. Interest to Certificateholders

Class       Beg. Balance   Schduled Int         Loss   Disbrsed Int
     A     180,986,404.86   $ 960,006.53       $ 0.00   $ 960,006.53
 SUBOR      13,982,853.73    $ 81,566.65       $ 0.00    $ 81,566.65
 TOTAL     194,969,258.59 $ 1,041,573.18       $ 0.00 $ 1,041,573.18

</TABLE>
                                       31
<PAGE>
<TABLE>
 Creation Date :  Thu Nov 21, 1996  01:21 PM      SASC 1996-2      PAGE No. 002
 
                       MONTHLY CERTIFICATE HOLDERS REPORT
                       ----------------------------------
 
Due Period :  6 Beginning Date     :  10/01/1996  End Date        :  10/31/1996
                Determination Date :  11/18/1996  Remittance Date :  11/25/1996
 

     V. Servicing Advances

Current Advances               0.00

    VI. Servicing Fee

 Amount         148,946.37

   VII. Principal to Certificateholders
<S>                 <C>                              <C> 
Class       Beg. Balance Schduled Principal   Ending Principal       Cert. Factor
    A1      36,995,000.00               0.00      36,995,000.00       1.0000000000
    A2      33,539,000.00               0.00      33,539,000.00       1.0000000000
    A3      59,197,018.37       1,042,601.54      58,154,416.83       0.8910778976
  A3-1       7,997,222.09         959,119.52       7,038,102.57       0.5154986135
  A3-2      51,199,796.28          83,482.02      51,116,314.26       0.9904343007
    A4      14,311,203.72               0.00      14,394,685.74       1.0355144047
    A5      13,852,000.00               0.00      13,852,000.00       1.0000000000
    A6       1,148,000.00               0.00       1,148,000.00       1.0000000000
    A7      20,000,000.00               0.00      20,000,000.00       1.0000000000
    AP       1,944,082.77           7,927.34       1,936,155.43       0.9804718697
    B1       5,493,167.58           5,510.48       5,487,657.10       0.9941407790
    B2       2,496,803.89           2,504.68       2,494,299.21       0.9941407772
    B3       1,497,684.28           1,502.41       1,496,181.87       0.9941407774
    B4       2,297,776.08           2,305.02       2,295,471.06       0.9941407796
    B5       1,098,633.53           1,102.10       1,097,531.43       0.9941407880
    B6       1,098,788.37           1,102.25       1,097,686.12       0.9941407716
     R             100.00               0.00             100.00       1.0000000000

  VIII. Principal to Certificateholders

Class       Beg. Balance Schduled Principal   Ending Principal
     A     180,986,404.86       1,050,528.88     180,019,358.00
 SUBOR      13,982,853.73          14,026.94      13,968,826.79
 TOTAL     194,969,258.59       1,064,555.82     193,988,184.79


IX. Residual Payments to Class R

GROUP             MORTGAGE GROUP ONE
Residual Interest               1.53

</TABLE>
                                       32
<PAGE>

<TABLE>
 Creation Date :  Thu Nov 21, 1996  01:21 PM       SASC 1996-2     PAGE No. 003
 
                       MONTHLY CERTIFICATE HOLDERS REPORT
                       ----------------------------------
 
Due Period :  6 Beginning Date     :  10/01/1996  End Date        :  10/31/1996
                Determination Date :  11/18/1996  Remittance Date :  11/25/1996
 
 
     X. Single Certificate Principal Distribution
<S>                 <C>                              <C> 
Class      Orig. Balance   Sched. Principal  Certificate Value    Pr.Dist / Cert.
    A1      36,995,000.00               0.00           1,000.00     $ 0.0000000000
    A2      33,539,000.00               0.00           1,000.00     $ 0.0000000000
    A3      65,263,000.00       1,042,601.54           1,000.00    $ 15.9753848275
  A3-1      13,653,000.00         959,119.52           1,000.00    $ 70.2497268000
  A3-2      51,610,000.00          83,482.02           1,000.00     $ 1.6175551250
    A4      13,901,000.00               0.00           1,000.00     $ 0.0000000000
    A5      13,852,000.00               0.00           1,000.00     $ 0.0000000000
    A6       1,148,000.00               0.00           1,000.00     $ 0.0000000000
    A7      20,000,000.00               0.00           1,000.00     $ 0.0000000000
    AP       1,974,717.98           7,927.34           1,000.00     $ 4.0144162763
    B1       5,520,000.00           5,510.48           1,000.00     $ 0.9982753623
    B2       2,509,000.00           2,504.68           1,000.00     $ 0.9982781985
    B3       1,505,000.00           1,502.41           1,000.00     $ 0.9982790698
    B4       2,309,000.00           2,305.02           1,000.00     $ 0.9982763101
    B5       1,104,000.00           1,102.10           1,000.00     $ 0.9982789855
    B6       1,104,155.62           1,102.25           1,000.00     $ 0.9982741382
     R             100.00               0.00           1,000.00     $ 0.0000000000

    XI. Single Certificate Interest Distribution

Class      Orig. Balance    Sched. Interest  Certificate Value   Int.Dist / Cert.
    A1      36,995,000.00         215,804.17           1,000.00     $ 5.8333334234
    A2      33,539,000.00         195,644.17           1,000.00     $ 5.8333334327
    A3      65,263,000.00         345,315.94           1,000.00     $ 5.2911441399
  A3-1      13,653,000.00          46,650.46           1,000.00     $ 3.4168651578
  A3-2      51,610,000.00         298,665.48           1,000.00     $ 5.7869691920
    A4      13,901,000.00               0.00           1,000.00     $ 0.0000000000
    A5      13,852,000.00          86,575.00           1,000.00     $ 6.2500000000
    A6       1,148,000.00               0.00           1,000.00     $ 0.0000000000
    A7      20,000,000.00         116,666.67           1,000.00     $ 5.8333335000
    AP       1,974,717.98               0.00           1,000.00     $ 0.0000000000
    B1       5,520,000.00          32,043.48           1,000.00     $ 5.8049782609
    B2       2,509,000.00          14,564.69           1,000.00     $ 5.8049780789
    B3       1,505,000.00           8,736.49           1,000.00     $ 5.8049767442
    B4       2,309,000.00          13,403.69           1,000.00     $ 5.8049761802
    B5       1,104,000.00           6,408.70           1,000.00     $ 5.8049818841
    B6       1,104,155.62           6,409.60           1,000.00     $ 5.8049788308
     R             100.00               0.58           1,000.00     $ 5.8000000000


XII. Percentage Distribution

               CLASS Scheduled Percenta  Beginning Balance Prepayment Percent
                    A     92.8281751530%     180,986,404.86    100.0000000000%
               SUBORD      7.1718248470%      13,982,853.73      0.0000000000%

</TABLE>
                                       33
<PAGE>

 Creation Date :  Thu Nov 21, 1996  01:21 PM       SASC 1996-2    PAGE No. 004
 
                       MONTHLY CERTIFICATE HOLDERS REPORT
                       ----------------------------------
 
Due Period :  6 Beginning Date     :  10/01/1996  End Date        :  10/31/1996
                Determination Date :  11/18/1996  Remittance Date :  11/25/1996
 
 


  XIII. Delinquency Information for Due Period

              PERIOD Number of   Principal Balance
              30 DAYS          3       1,025,234.72
              60 DAYS          1         199,898.75
             90+ DAYS          0               0.00
                TOTAL          4       1,225,133.47

            FORECLOSR          0               0.00
                TOTAL          0               0.00

                  REO          0               0.00
                TOTAL          0               0.00
  
   XIV. Book Value of REO For Due Period                                $ 0.00

    XV. Realized Losses

               GROUP             Amount
  MORTGAGE GROUP ONE               0.00

   XVI. Number of Loans

GROUP                 MORTGAGE GROUP ONE
Beginning Loan Number                618
Loans Paid Off                         3
Ending Loan Number                   615

  XVII. Covered Loss Amount Information

GROUP0                 POOL TOTAL
 Special Hazard       4,014,480.00
 Bankrupcy              100,000.00
 Fraud Loss           2,668,261.00
 

 XVIII. Mortgage Loan Substitutions

Deleted Loans                   0.00
Substituted Loans               0.00

                                       34

<PAGE>

                                  Exhibit 99.7

            Monthly Certificate Holder Statement on December 25, 1996


                                       35
<PAGE>

<TABLE>
Creation Date :  Mon Dec  9, 1996  01:59 PM       SASC 1996-2     PAGE No. 001
 
                       MONTHLY CERTIFICATE HOLDERS REPORT
                       ----------------------------------
 
Due Period :  7 Beginning Date     :  11/01/1996  End Date        :  11/30/1996
                Determination Date :  12/18/1996  Remittance Date :  12/26/1996
 
 
             STRUCTURED ASSET SECURITIES CORPORATION, Series 1996-2

     I. Cash Received
<S>                 <C>                              <C> 
GROUP                MORTGAGE GROUP ONE              TOTAL
 Scheduled Prin               196,708.16         196,708.16
 Prepayment Prin               60,978.61          60,978.61
 Payoff Prin                        0.00               0.00
 Liquidation Proceeds               0.00               0.00
 Insurance Proceeds                 0.00               0.00
 Scheduled Int              1,120,303.51       1,120,303.51
 TOTAL                      1,377,990.28       1,377,990.28

    II. Pool Balance

 Beginning Balance     193,988,184.79     193,988,184.79
 Scheduled Prin            196,708.16         196,708.16
 Prepay Prin                60,978.61          60,978.61
 Payoff Prin                     0.00               0.00
 Other                           0.00               0.00
 Ending Balance        193,730,498.02     193,730,498.02

   III. Interest to Certificateholders

Class       Beg. Balance               Rate   Schduled Int         Loss   Disbrsed Int
    A1      36,995,000.00        7.00000000%   $ 215,804.17       $ 0.00   $ 215,804.17
    A2      33,539,000.00        7.00000000%   $ 195,644.17       $ 0.00   $ 195,644.17
    A3      58,154,416.83        7.00000000%   $ 339,234.10       $ 0.00   $ 339,234.10
  A3-1       7,038,102.57        7.00000000%    $ 41,055.60       $ 0.00    $ 41,055.60
  A3-2      51,116,314.26        7.00000000%   $ 298,178.50       $ 0.00   $ 298,178.50
    A4      14,394,685.74        7.00000000%         $ 0.00       $ 0.00         $ 0.00
    A5      13,852,000.00        7.50000000%    $ 86,575.00       $ 0.00    $ 86,575.00
    A6       1,148,000.00        0.00000000%         $ 0.00       $ 0.00         $ 0.00
    A7      20,000,000.00        7.00000000%   $ 116,666.67       $ 0.00   $ 116,666.67
    AP       1,936,155.43        0.00000000%         $ 0.00       $ 0.00         $ 0.00
    B1       5,487,657.10        7.00000000%    $ 32,011.33       $ 0.00    $ 32,011.33
    B2       2,494,299.21        7.00000000%    $ 14,550.08       $ 0.00    $ 14,550.08
    B3       1,496,181.87        7.00000000%     $ 8,727.73       $ 0.00     $ 8,727.73
    B4       2,295,471.06        7.00000000%    $ 13,390.25       $ 0.00    $ 13,390.25
    B5       1,097,531.43        7.00000000%     $ 6,402.27       $ 0.00     $ 6,402.27
    B6       1,097,686.12        7.00000000%     $ 6,403.17       $ 0.00     $ 6,403.17
     R             100.00        7.00000000%         $ 0.58       $ 0.00         $ 0.58

IV. Interest to Certificateholders

Class       Beg. Balance   Schduled Int         Loss   Disbrsed Int
     A     180,019,358.00   $ 953,924.69       $ 0.00   $ 953,924.69
 SUBOR      13,968,826.79    $ 81,484.83       $ 0.00    $ 81,484.83
 TOTAL     193,988,184.79 $ 1,035,409.52       $ 0.00 $ 1,035,409.52

                                       36

</TABLE>
<PAGE>
<TABLE>
 Creation Date :  Mon Dec  9, 1996  01:59 PM       SASC 1996-2     PAGE No. 002
 
                       MONTHLY CERTIFICATE HOLDERS REPORT
                       ----------------------------------
 
Due Period :  7 Beginning Date     :  11/01/1996  End Date        :  11/30/1996
                Determination Date :  12/18/1996  Remittance Date :  12/26/1996
 


     V. Servicing Advances

Current Advances               0.00

    VI. Servicing Fee

 Amount         151,355.74

   VII. Principal to Certificateholders
<S>                 <C>                              <C> 
Class       Beg. Balance Schduled Principal   Ending Principal       Cert. Factor
    A1      36,995,000.00               0.00      36,995,000.00       1.0000000000
    A2      33,539,000.00               0.00      33,539,000.00       1.0000000000
    A3      58,154,416.83         324,887.10      57,829,529.73       0.8860997767
 A3-1       7,038,102.57         240,918.10       6,797,184.47       0.4978528140
  A3-2      51,116,314.26          83,969.00      51,032,345.26       0.9888073098
    A4      14,394,685.74               0.00      14,478,654.74       1.0415549054
    A5      13,852,000.00               0.00      13,852,000.00       1.0000000000
    A6       1,148,000.00               0.00       1,148,000.00       1.0000000000
    A7      20,000,000.00               0.00      20,000,000.00       1.0000000000
    AP       1,936,155.43           2,599.67       1,933,555.76       0.9791553931
    B1       5,487,657.10           5,566.29       5,482,090.81       0.9931323931
    B2       2,494,299.21           2,530.04       2,491,769.17       0.9931323914
    B3       1,496,181.87           1,517.62       1,494,664.25       0.9931323920
    B4       2,295,471.06           2,328.37       2,293,142.69       0.9931323906
    B5       1,097,531.43           1,113.26       1,096,418.17       0.9931324004
    B6       1,097,686.12           1,113.42       1,096,572.70       0.9931323811
    R             100.00               0.00             100.00       1.0000000000

  VIII. Principal to Certificateholders

Class       Beg. Balance Schduled Principal   Ending Principal
     A     180,019,358.00         327,486.77     179,775,840.23
 SUBOR      13,968,826.79          14,169.00      13,954,657.79
 TOTAL     193,988,184.79         341,655.77     193,730,498.02

IX. Residual Payments to Class R

GROUP             MORTGAGE GROUP ONE
Residual Interest               1.52

</TABLE>
                                       37
<PAGE>

<TABLE>
 Creation Date :  Mon Dec  9, 1996  01:59 PM       SASC 1996-2     PAGE No. 003
 
                       MONTHLY CERTIFICATE HOLDERS REPORT
                       ----------------------------------
 
Due Period :  7 Beginning Date     :  11/01/1996  End Date        :  11/30/1996
                Determination Date :  12/18/1996  Remittance Date :  12/26/1996
 
 
X. Single Certificate Principal Distribution
<S>                 <C>                              <C> 
Class      Orig. Balance   Sched. Principal  Certificate Value    Pr.Dist / Cert.
    A1      36,995,000.00               0.00           1,000.00     $ 0.0000000000
    A2      33,539,000.00               0.00           1,000.00     $ 0.0000000000
    A3      65,263,000.00         324,887.10           1,000.00     $ 4.9781208342
  A3-1      13,653,000.00         240,918.10           1,000.00    $ 17.6457994580
  A3-2      51,610,000.00          83,969.00           1,000.00     $ 1.6269908932
    A4      13,901,000.00               0.00           1,000.00     $ 0.0000000000
    A5      13,852,000.00               0.00           1,000.00     $ 0.0000000000
    A6       1,148,000.00               0.00           1,000.00     $ 0.0000000000
    A7      20,000,000.00               0.00           1,000.00     $ 0.0000000000
    AP       1,974,717.98           2,599.67           1,000.00     $ 1.3164765938
    B1       5,520,000.00           5,566.29           1,000.00     $ 1.0083858696
    B2       2,509,000.00           2,530.04           1,000.00     $ 1.0083858111
    B3       1,505,000.00           1,517.62           1,000.00     $ 1.0083853821
    B4       2,309,000.00           2,328.37           1,000.00     $ 1.0083889129
    B5       1,104,000.00           1,113.26           1,000.00     $ 1.0083876812
    B6       1,104,155.62           1,113.42           1,000.00     $ 1.0083904658
     R             100.00               0.00           1,000.00     $ 0.0000000000

    XI. Single Certificate Interest Distribution

Class      Orig. Balance    Sched. Interest  Certificate Value   Int.Dist / Cert.
    A1      36,995,000.00         215,804.17           1,000.00     $ 5.8333334234
    A2      33,539,000.00         195,644.17           1,000.00     $ 5.8333334327
    A3      65,263,000.00         339,234.10           1,000.00     $ 5.1979544305
  A3-1      13,653,000.00          41,055.60           1,000.00     $ 3.0070753681
  A3-2      51,610,000.00         298,178.50           1,000.00     $ 5.7775334238
    A4      13,901,000.00               0.00           1,000.00     $ 0.0000000000
    A5      13,852,000.00          86,575.00           1,000.00     $ 6.2500000000
    A6       1,148,000.00               0.00           1,000.00     $ 0.0000000000
    A7      20,000,000.00         116,666.67           1,000.00     $ 5.8333335000
    AP       1,974,717.98               0.00           1,000.00     $ 0.0000000000
    B1       5,520,000.00          32,011.33           1,000.00     $ 5.7991539855
    B2       2,509,000.00          14,550.08           1,000.00     $ 5.7991550418
    B3       1,505,000.00           8,727.73           1,000.00     $ 5.7991561462
    B4       2,309,000.00          13,390.25           1,000.00     $ 5.7991554786
    B5       1,104,000.00           6,402.27           1,000.00     $ 5.7991576087
    B6       1,104,155.62           6,403.17           1,000.00     $ 5.7991553763
     R             100.00               0.58           1,000.00     $ 5.8000000000

   XII. Percentage Distribution

               CLASS Scheduled Percenta  Beginning Balance Prepayment Percent
                    A     92.7991352640%     180,019,358.00    100.0000000000%
               SUBORD      7.2008647360%      13,968,826.79      0.0000000000%

                                       38

</TABLE>
<PAGE>

 Creation Date :  Mon Dec  9, 1996  01:59 PM       SASC 1996-2     PAGE No. 004
 
                       MONTHLY CERTIFICATE HOLDERS REPORT
                       ----------------------------------
 
Due Period :  7 Beginning Date     :  11/01/1996  End Date        :  11/30/1996
                Determination Date :  12/18/1996  Remittance Date :  12/26/1996
 
 

  XIII. Delinquency Information for Due Period

              PERIOD Number of   Principal Balance
              30 DAYS          3       1,024,623.79
              60 DAYS          1         199,679.98
            90+ DAYS          0               0.00
                TOTAL          4       1,224,303.77

           FORECLOSR          0               0.00
               TOTAL          0               0.00

                 REO          0               0.00
               TOTAL          0               0.00

   XIV. Book Value of REO For Due Period                               $ 0.00
    XV. Realized Losses

               GROUP             Amount
  MORTGAGE GROUP ONE               0.00

   XVI. Number of Loans

GROUP                 MORTGAGE GROUP ONE
Beginning Loan Number                615
Loans Paid Off                         0
Ending Loan Number                   615

  XVII. Covered Loss Amount Information

GROUP0                 POOL TOTAL
 Special Hazard       4,014,480.00
 Bankrupcy              100,000.00
 Fraud Loss           2,668,261.00


 XVIII. Mortgage Loan Substitutions

Deleted Loans                   0.00
Substituted Loans               0.00


                                       39
<PAGE>


                                  Exhibit 99.8

            Monthly Certificate Holder Statement on January 25, 1997

                                       40
<PAGE>
<TABLE>
 Creation Date :  Wed Jan 15, 1997  02:03 PM       SASC 1996-2    PAGE No. 001
 
                       MONTHLY CERTIFICATE HOLDERS REPORT
                       ----------------------------------
 
Due Period :  8 Beginning Date     :  12/01/1996  End Date        :  12/31/1996
                Determination Date :  01/17/1997  Remittance Date :  01/27/1997
 
 
             STRUCTURED ASSET SECURITIES CORPORATION, Series 1996-2

     I. Cash Received
<S>                 <C>                              <C> 
GROUP                MORTGAGE GROUP ONE              TOTAL
 Scheduled Prin               198,405.06         198,405.06
 Prepayment Prin              112,965.62         112,965.62
 Payoff Prin                1,230,991.87       1,230,991.87
 Liquidation Proceeds               0.00               0.00
 Insurance Proceeds                 0.00               0.00
 Scheduled Int              1,118,815.48       1,118,815.48
 TOTAL                      2,661,178.03       2,661,178.03

    II. Pool Balance

 Beginning Balance     193,730,498.02     193,730,498.02
 Scheduled Prin            198,405.06         198,405.06
 Prepay Prin               112,965.62         112,965.62
 Payoff Prin             1,230,991.87       1,230,991.87
 Other                           0.00               0.00
 Ending Balance        192,188,135.47     192,188,135.47

   III. Interest to Certificateholders

Class       Beg. Balance               Rate   Schduled Int         Loss   Disbrsed Int
    A1      36,995,000.00        7.00000000%   $ 215,804.17       $ 0.00   $ 215,804.17
A2      33,539,000.00        7.00000000%   $ 195,644.17       $ 0.00   $ 195,644.17
    A3      57,829,529.73        7.00000000%   $ 337,338.92       $ 0.00   $ 337,338.92
  A3-1       6,797,184.47        7.00000000%    $ 39,650.24       $ 0.00    $ 39,650.24
  A3-2      51,032,345.26        7.00000000%   $ 297,688.68       $ 0.00   $ 297,688.68
    A4      14,478,654.74        7.00000000%         $ 0.00       $ 0.00         $ 0.00
    A5      13,852,000.00        7.50000000%    $ 86,575.00       $ 0.00    $ 86,575.00
    A6       1,148,000.00        0.00000000%         $ 0.00       $ 0.00         $ 0.00
    A7      20,000,000.00        7.00000000%   $ 116,666.67       $ 0.00   $ 116,666.67
    AP       1,933,555.76        0.00000000%         $ 0.00       $ 0.00         $ 0.00
    B1       5,482,090.81        7.00000000%    $ 31,978.86       $ 0.00    $ 31,978.86
    B2       2,491,769.17        7.00000000%    $ 14,535.32       $ 0.00    $ 14,535.32
    B3       1,494,664.25        7.00000000%     $ 8,718.87       $ 0.00     $ 8,718.87
    B4       2,293,142.69        7.00000000%    $ 13,376.67       $ 0.00    $ 13,376.67
    B5       1,096,418.17        7.00000000%     $ 6,395.77       $ 0.00     $ 6,395.77
    B6       1,096,572.70        7.00000000%     $ 6,396.67       $ 0.00     $ 6,396.67
    R             100.00        7.00000000%         $ 0.58       $ 0.00         $ 0.58

IV. Interest to Certificateholders

      Beg. Balance   Schduled Int         Loss   Disbrsed Int
     193,730,498.02 $ 1,033,431.67       $ 0.00 $ 1,033,431.67


                                       41
</TABLE>
<PAGE>
<TABLE>
Creation Date :  Wed Jan 15, 1997  02:03 PM       SASC 1996-2      PAGE No. 002
 
                       MONTHLY CERTIFICATE HOLDERS REPORT
                       ----------------------------------
 
Due Period :  8 Beginning Date     :  12/01/1996  End Date        :  12/31/1996
                Determination Date :  01/17/1997  Remittance Date :  01/27/1997
 
 
V. Servicing Advances

Current Advances               0.00

    VI. Servicing Fee

 Amount         152,382.12

   VII. Principal to Certificateholders
<S>                 <C>                              <C> 
Class       Beg. Balance Schduled Principal     Ending Balance       Cert. Factor
   A1      36,995,000.00               0.00      36,995,000.00       1.0000000000
   A2      33,539,000.00               0.00      33,539,000.00       1.0000000000
   A3      57,829,529.73       1,585,254.51      56,244,275.22       0.8618095279
 A3-1       6,797,184.47       1,500,795.69       5,296,388.78       0.3879285710
 A3-2      51,032,345.26          84,458.82      50,947,886.44       0.9871708281
   A4      14,478,654.74               0.00      14,563,113.56       1.0476306424
   A5      13,852,000.00               0.00      13,852,000.00       1.0000000000
   A6       1,148,000.00               0.00       1,148,000.00       1.0000000000
   A7      20,000,000.00               0.00      20,000,000.00       1.0000000000
   AP       1,933,555.76          27,272.40       1,906,283.36       0.9653446109
   B1       5,482,090.81           5,615.59       5,476,475.22       0.9921150761
   B2       2,491,769.17           2,552.44       2,489,216.73       0.9921150777
   B3       1,494,664.25           1,531.06       1,493,133.19       0.9921150764
   B4       2,293,142.69           2,348.98       2,290,793.71       0.9921150758
   B5       1,096,418.17           1,123.12       1,095,295.05       0.9921150815
   B6       1,096,572.70           1,123.27       1,095,449.43       0.9921150698
    R             100.00               0.00             100.00       1.0000000000

  VIII. Principal to Certificateholders

      Beg. Balance Schduled Principal     Ending Balance
     193,730,498.02       1,626,821.37     192,188,135.47

IX. Residual Payments to Class R

GROUP             MORTGAGE GROUP ONE
Residual Interest               1.52


                                       42
</TABLE>
<PAGE>
<TABLE>

Creation Date :  Wed Jan 15, 1997  02:03 PM       SASC 1996-2    PAGE No. 003
 
                       MONTHLY CERTIFICATE HOLDERS REPORT
                       ----------------------------------
 
Due Period :  8 Beginning Date     :  12/01/1996  End Date        :  12/31/1996
                Determination Date :  01/17/1997  Remittance Date :  01/27/1997
 
 

     X. Single Certificate Principal Distribution
<S>                 <C>                              <C> 
Class      Orig. Balance   Sched. Principal  Certificate Value    Pr.Dist / Cert.
    A1      36,995,000.00               0.00           1,000.00     $ 0.0000000000
    A2      33,539,000.00               0.00           1,000.00     $ 0.0000000000
    A3      65,263,000.00       1,585,254.51           1,000.00    $ 24.2902488393
  A3-1      13,653,000.00       1,500,795.69           1,000.00   $ 109.9242430235
  A3-2      51,610,000.00          84,458.82           1,000.00     $ 1.6364816896
    A4      13,901,000.00               0.00           1,000.00     $ 0.0000000000
    A5      13,852,000.00               0.00           1,000.00     $ 0.0000000000
    A6       1,148,000.00               0.00           1,000.00     $ 0.0000000000
    A7      20,000,000.00               0.00           1,000.00     $ 0.0000000000
    AP       1,974,717.98          27,272.40           1,000.00    $ 13.8107822364
    B1       5,520,000.00           5,615.59           1,000.00     $ 1.0173170290
    B2       2,509,000.00           2,552.44           1,000.00     $ 1.0173136708
    B3       1,505,000.00           1,531.06           1,000.00     $ 1.0173156146
    B4       2,309,000.00           2,348.98           1,000.00     $ 1.0173148549
    B5       1,104,000.00           1,123.12           1,000.00     $ 1.0173188406
    B6       1,104,155.62           1,123.27           1,000.00     $ 1.0173113098
     R             100.00               0.00           1,000.00     $ 0.0000000000

    XI. Single Certificate Interest Distribution

Class      Orig. Balance    Sched. Interest  Certificate Value   Int.Dist / Cert.
    A1      36,995,000.00         215,804.17           1,000.00     $ 5.8333334234
    A2      33,539,000.00         195,644.17           1,000.00     $ 5.8333334327
    A3      65,263,000.00         337,338.92           1,000.00     $ 5.1689153119
  A3-1      13,653,000.00          39,650.24           1,000.00     $ 2.9041412144
  A3-2      51,610,000.00         297,688.68           1,000.00     $ 5.7680426274
    A4      13,901,000.00               0.00           1,000.00     $ 0.0000000000
    A5      13,852,000.00          86,575.00           1,000.00     $ 6.2500000000
    A6       1,148,000.00               0.00           1,000.00     $ 0.0000000000
    A7      20,000,000.00         116,666.67           1,000.00     $ 5.8333335000
    AP       1,974,717.98               0.00           1,000.00     $ 0.0000000000
    B1       5,520,000.00          31,978.86           1,000.00     $ 5.7932717391
    B2       2,509,000.00          14,535.32           1,000.00     $ 5.7932722200
    B3       1,505,000.00           8,718.87           1,000.00     $ 5.7932691030
    B4       2,309,000.00          13,376.67           1,000.00     $ 5.7932741447
    B5       1,104,000.00           6,395.77           1,000.00     $ 5.7932699275
    B6       1,104,155.62           6,396.67           1,000.00     $ 5.7932685250
     R             100.00               0.58           1,000.00     $ 5.8000000000


                                       43

</TABLE>
<PAGE>

Creation Date :  Wed Jan 15, 1997  02:03 PM       SASC 1996-2     PAGE No. 004
 
                       MONTHLY CERTIFICATE HOLDERS REPORT
                       ----------------------------------
 
Due Period :  8 Beginning Date     :  12/01/1996  End Date        :  12/31/1996
                Determination Date :  01/17/1997  Remittance Date :  01/27/1997
 

   XII. Delinquency Information for Due Period

              PERIOD Number of   Principal Balance
              30 DAYS          3       1,194,600.52
              60 DAYS          1         356,437.71
             90+ DAYS          1         199,679.98
                TOTAL          5       1,750,718.21

           FORECLOSR          0               0.00
               TOTAL          0               0.00

                 REO          0               0.00
               TOTAL          0               0.00

  XIII. Book Value of REO For Due Period                                 $ 0.00
 
   XIV. Realized Losses

               GROUP             Amount
  MORTGAGE GROUP ONE               0.00

    XV. Number of Loans

GROUP                 MORTGAGE GROUP ONE
Beginning Loan Number                615
Loans Paid Off                         3
Ending Loan Number                   612

 
   XVI. Covered Loss Amount Information

GROUP0                 POOL TOTAL
 Special Hazard       4,014,480.00
 Bankrupcy              100,000.00
 Fraud Loss           2,668,261.00

  XVII. Mortgage Loan Substitutions

Deleted Loans                   0.00
Substituted Loans               0.00