SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 10-K/A

[X]     Annual  report  pursuant  to  Section  13 or  15(d)  of the Securities
        Exchange Act of 1934 for the fiscal year ended December 31, 1999

[ ]     Transition report pursuant to Section 13 or 15(d) of the
        Securities Exchange Act of 1934 for the transition period from   to

                        Commission File Number  333-68513-7

                    STRUCTURED ASSET SECURITIES CORPORATION
             (Exact name of registrant as specified in its charter)

         Delaware                                          74-2440850
(State or other jurisdiction of                           I.R.S. Employer
incorporation or organization)                            Identification No.)


200 Vessey Street
New York, NY                                              10285
(Address of principal executive offices)                 (Zip Code)

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


                 OCWEN HOME EQUITY LOAN TRUST SERIES 1999-OFS1
            HOME EQUITY LOAN ASSET-BACKED CERTIFICATES SERIES 1999-OFS1
            (Title of each class of securities covered by this Form)

Securities registered pursuant to Section 12(b) of the Act:  None
Securities registered pursuant to Section 12(g) of the Act:  None

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days. Yes [X]   No [  ]

Indicate by check mark if disclosure of delinquent  filers  pursuant to Item 405
of Regulation  S-K is not contained  herein,  and will not be contained,  to the
best of registrant's  knowledge,  in definitive proxy or information  statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [X]

Documents incorporated by reference:  None



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OCWEN HOME EQUITY LOAN TRUST SERIES 1999-OFS1
HOME EQUITY LOAN ASSET-BACKED CERTIFICATES SERIES 1999-OFS1
--------------------------------------------------------


PART IV

Item 14. Exhibits, Financial Statement Schedules and Reports on Form 8-K

(a) The following documents are filed as part of this report:

    (1) Financial Statements:

         Omitted.

    (2)  Financial Statement Schedules:

         Omitted.

    (3)  Exhibits:

     Annual  Servicer  Statement of  Compliance, filed as Exhibit 99.1 hereto.
     Annual Statement of  Independent  Accountants Report for the Servicer,
        filed as Exhibit 99.2 hereto.

(b)  Reports on Form 8-K: The following  Current  Reports on Form 8-K were
     filed by the Registrant during the last quarter of 1999.

     Current Reports on Form 8-K, dated, October 27, 1999, November 26, 1999 and
     December 27, 1999, were filed for the purpose of filing the Monthly
     Statement sent to the Holders of the Offered  Certificates for payments
     made on the same dates. The items reported in such Current Report
     were Item 5 (Other Events).

(c)   Exhibits to this report are listed in Item (14)(a)(3) above.


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SIGNATURE

Pursuant to the  requirements of Section 13 or 15(d) of the Securities  Exchange
Act of 1934,  the  registrant  has duly  caused  this report to be signed on its
behalf by the undersigned thereunto duly authorized.


                                    THE CHASE MANHATTAN BANK,
                                    not in its individual capacity but solely
                                    as Trustee under the Agreement referred
                                    to herein


Date:  May 9, 2000              By: /s/ Cynthia Kerpen Smiros
                                    -----------------------------------
                                    Cynthia Kerpen Smiros
                                    Vice President




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                                 EXHIBITS

Exhibit     Description

 99.1       Annual Statements of Compliance
 99.2       Annual Independent Public Accountant's Servicing Report




EXHIBIT 99.1 -Annual Statements of Compliance

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                                  O  C  W  E  N

            OFFICER'S CERTIFICATE ON ANNUAL STATEMENT AS TO COMPLIANCE



March 24, 2000



     Pursuant to the applicable sections of the Servicing Agreements, I Scott W.
Anderson as officer of Ocwen Federal Bank FSB (the "Bank") confirm that a review
of the activities of the Bank ended  December 31, 1999 and of performance  under
the Servicing  Agreements has been made under my supervision.  To the best of my
knowledge,  based on such review,  the Bank has fulfilled all of its obligations
under the Servicing Agreement  throughout the period, other than as noted in the
Management Assertion on Compliance with USAP.



/S/  Scott W. Anderson
Vice President of Residential Assets

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                                  O  C  W  E  N

                      MANAGEMENT ASSERTION ON COMPLIANCE WITH USAP


March 24, 2000


As of and for the year ended  December 31, 1999,  except as  specifically  noted
below, Ocwen Federal Bank FSB (the "Bank" ) has compiled in all mateial respects
with  the  minimum  servicing  standards  set  forth  in  the  Mortgage  Bankers
Association  of  America's  ("MBA's")  Uniform  Single  Attestation  Program for
Mortgage Bankers ("USAP").

Standard:   Custodial   bank   accounts  and  related  bank   clearing   account
reconcilations  shall be prepared  within 45 calendar days after the cutoff date
and documented  reconciling  items shall be resolved  within 90 calendar days of
their original identification.

During 1999, certain of the Bank's 1999 custodial account  reconciliations  were
not prepared with 45 days after the cutoff date. However,  these reconciliations
and all subsequent reconciliations have been prepared through December 31, 1999.

In  addition,  cetain  reconcilating  items  which  arose  during the year ended
December  31,  1999 were not  specifically  identified  and/or  were not cleared
within 90 days of identification. Management hs developed an action plan and has
continud to follow the action plan to resolve all outstanding reconciling items.
All  significant  reconciling  items  have been  isolated  and  reviewed  by the
Company,  and the Company  believes these items will not hae a mateial impact on
the status of any custodial accounts.

Standard:  Mortgage payments shall be deposited into the custodial bank accounts
and related bank clearing accounts within two business days of receipt.

Mortgage  payments  were  credited  to  the  investors  in the  Bank's  internal
servicing records within two business days of receipt. However, certain mortgage
payments were not deposited into  investors' custodial bank accounts within two
business days of receipt.

Standard:  Escrow  funds held in trust or a  mortgagor  shall be returned to the
mortgagor within thirty (30) calendar days of payoff of the mortgage loan.

During 1999, escrow funds held in trust for certain mortgagors were not returned
to the  mortgagor  within  thirty  days of the  payoff of their  mortgage  loan.
However,  these escrow funds were returned within the required number of days as
required by the Real Estate Settlement Procedures Act.

As of and for this same  period,  the Bank had in effect a fidelity  bond in the
amount  of  $15,000,000  and an errors  and  omissions  policy in the  amount of
$10,00,000.

/s/  Ronald M. Farris
Executive Vice President

/s/  Scott W. Anderson
Vice President of Residential Assets


/s/ Joseph P. Hillery
Director of Investor Reporting

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EXHIBIT 99.2 - Annual Independent Public Accountant's Servicing Report


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PRICEWATERHOUSE COOPERS
200 East Las Olas Boulevard
Suite 1700
Ft. Lauderdale, FL  3301


REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS

To the Board of Directors of
Ocwen Federal Bank FSB

We have  examined  management's  assertion  about Ocwen Federal Bank FS's ("the
Bank")  compliance  with  the  minimum  servicing  standards  identified  in the
Mortgage  Bankers  Association of America's  (MBA's) Uniform Single  Attestation
Program for Mortgage  Bankers ("USAP") as of and for the year ended December 31,
1999,  included  in  the  accompanying   management  assertion.   Management  is
responsible for the Bank's  compliance with those minimum  servicing  standards.
Our responsibility is to express an opinion on management's  assertion about the
entity's compliance based on our examination.

Our  examination  was  made in  accordance  with  standards  established  by the
American  Institute of Certified Public Accountants and,  accordingly,  included
examining,  on a test  basis,  evidence  about the  Bank's  compliance  with the
minimum servicing  standards and performing such other procedures as we consider
necessary  in the  circumstances.  We believe  that our  examination  provides a
reasonable  basis for our  opinion.  Our  examination  does not  provide a legal
determination on the Bank's compliance with the minimum servicing standards.

In  our  opinion,  management's  assertion  that  the  Bank  compiled  with  the
aforementioned minimum servicing standards as of and for the year ended December
31, 1999 is fairly stated, in all mateial respects.

/s/
PRICEWATERHOUSE COOPERS LLP

Fort Lauderdale, Florida
March 24, 2000