UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-K

                                 [x] Annual Report
                     Pursuant to Section 13 or 15(d) of the
                        Securities Exchange Act of 1934
                  For the Fiscal Year Ended December 31, 2004

                       Commission file number:  333-92140-45

                          Structured Asset Securities Corp.
               Mortgage Pass-Through Certificates, Series 2004-12H
              (Exact name of registrant as specified in its charter)

                        State of Incorporation:  Delaware
               I.R.S. Employer Identification Number:  74-2440850

                          745 Seventh Avenue, 7th Floor
                               New York, NY  10019
                                (212) 526 - 7000

                      Structured Asset Securities Corporation
                        Mortgage Pass-Through Certificates
                                 Series 2004-12H

             Title of each class of securities covered by this Form:
                   1A, 2A, 1A-PO, 1A-IO, 1B1, 1B2, 2B1, 2B2, B3

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

Indicate 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 ___


                                     PART I

Item 1.  Business:

     Not applicable.

Item 2.  Properties:

     Not applicable.

Item 3.  Legal Proceedings:

     The registrant knows of no material pending legal proceedings involving
     the trust created under the Pooling and Servicing Agreement or any
     similar agreement (the Trust), the Trustee, the Master Servicer or the
     registrant with respect to the Trust.

Item 4.  Submission of Matters to a Vote of Security-Holders

     There were no matters submitted to a Vote of the Security Holders
     during the fiscal year covered by this report.


                                    PART II

Item 5.  Market for Registrant's Common Equity, Related Stockholder Matters
         and Issuer Purchases of Equity Securities.

(a)  There is currently no established secondary market for the
     certificates.  As of December 31, 2004, the number of holders of each
     Class of Offered Certificates was 30.

Item 6.  Selected Financial Data.

     Not applicable.

Item 7.  Management's Discussion and Analysis of Financial Condition and
         Results of Operation.

     Not applicable.

Item 7A. Quantitative and Qualitative Disclosures About Market Risk.

     Not applicable.

Item 8.  Financial Statements and Supplementary Data.

     Not applicable.

Item 9.  Changes in and Disagreements with Accountants on Accounting and
         Financial Disclosure.

     Not applicable.

Item 9A. Controls and Procedures.

     Not applicable.

Item 9B. Other Information.

     Not applicable.


                                    PART III

Item 10. Directors and Executive Officers of the Registrant

     Not applicable.

Item 11. Executive Compensation.

     Not applicable.

Item 12. Security Ownership of Certain Beneficial Owners and Management

     Not applicable.

Item 13. Certain Relationships and Related Transactions.

     Not applicable.

Item 14. Principal Accounting Fees and Services.

     Not applicable.


                                    PART IV

Item 15. Exhibits, Financial Statement Schedules.

(a)  Exhibits

    1     Annual Independent Accountant's Servicing Report ("USAP")
          for the year ended November 30, 2004
          Aurora Loan Services LLC fka Aurora Loan Services Inc.,
          as Servicer and accompanying Report of Management as to
          compliance with minimum servicing standards

    2     Annual Independent Accountant's Servicing Report ("USAP")
          for the year ended December 31, 2004
          Chase Manhattan Mortgage Corporation, as Servicer and
          accompanying Report of Management as to compliance
          with minimum servicing standards

    3     Annual Independent Accountant's Servicing Report ("USAP")
          for the year ended December 31, 2004
          Commercial Federal Bank, as Servicer and
          accompanying Report of Management as to compliance
          with minimum servicing standards

    4     Annual Independent Accountant's Servicing Report ("USAP")
          for the year ended December 31, 2004
          Countrywide Home Loans Servicing LP, as Servicer and
          accompanying Report of Management as to compliance
          with minimum servicing standards

    5     Annual Independent Accountant's Servicing Report ("USAP")
          for the year ended December 31, 2004
          GMAC Mortgage Corporation, as Servicer and
          accompanying Report of Management as to compliance
          with minimum servicing standards

    6     Annual Independent Accountant's Servicing Report ("USAP")
          for the year ended December 31, 2004
          SunTrust Mortgage, Inc., as Servicer and
          accompanying Report of Management as to compliance
          with minimum servicing standards

    7     Annual Independent Accountant's Servicing Report ("USAP")
          for the year ended December 31, 2004
          Washington Mutual Bank, F.A., Inc., as Servicer and
          accompanying Report of Management as to compliance
          with minimum servicing standards

    8     Annual Independent Accountant's Servicing Report ("USAP")
          for the year ended December 31, 2004
          Waterfield Mortgage Company, Inc., as Servicer and
          accompanying Report of Management as to compliance
          with minimum servicing standards

    9     Annual Independent Accountant's Servicing Report ("USAP")
          for the year ended December 31, 2004
          Wells Fargo Home Mortgage, Inc., as Servicer and
          accompanying Report of Management as to compliance
          with minimum servicing standards

    10    Annual Statement of Compliance
          for the year ended December 31, 2004
          Aurora Loan Services LLC fka Aurora Loan Services Inc.,
          as Master Servicer

    11    Aggregate Statement of Principal and Interest Distributions
          to Certificate Holders for the year ended December 31, 2004


(b)  Not applicable.

(c)  Not applicable.




                                   SIGNATURES

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


Date:  March 28, 2005
       --------------

     Aurora Loan Services LLC fka Aurora Loan Services Inc.
     as Master Servicer



     By:       /s/ E. Todd Whittemore
               ------------------------------
     Name:     E. Todd Whittemore
     Title:    Executive Vice President
     Company:  Aurora Loan Services LLC fka Aurora Loan Services Inc.



                                  CERTIFICATION

I, E. Todd Whittemore, Executive Vice President of Aurora Loan Services LLC
fka Aurora Loan Services Inc., certify that:

1.   I have reviewed this annual report on Form 10-K, and all reports on Form
     8-K containing distribution or servicing reports filed in respect of
     periods included in the year covered by this annual report, of the trust
     (the "Trust") created pursuant to the Trust Agreement
     dated January 1, 2004 (the "Agreement") among Structured Asset
     Securities Corp. (the "Depositor"), Aurora Loan Services LLC fka Aurora
     Loan Services Inc. (the "Master Servicer") and
     Citibank, N.A. (the "Trustee");

2.   Based on my knowledge, the information in these reports, taken as a
     whole, does not contain any untrue statement of a material fact or omit
     to state a material fact necessary to make the statements made, in light
     of the circumstances under which such statements were made, not mis-
     leading as of the last day of the period covered by this annual report;

3.   Based on my knowledge, the servicing information required to be provided
     to the trustee by the servicer under the Agreement for inclusion
     in these reports is included in these reports;

4.   I am responsible for reviewing the activities performed by the
     servicer under the Agreement and based upon my knowledge and the annual
     compliance review required under the Agreement, and except as disclosed
     in the reports, the servicer has fulfilled its obligations under
     the Agreement; and

5.   The reports disclose all significant deficiencies relating to the
     servicer's compliance with the minimum servicing standards based upon the
     report provided by an independent public accountant, after conducting a
     review in compliance with the Uniform Single Attestation Program for
     Mortgage Bankers as set forth in the Agreement, that is included in these
     reports.



In giving the certifications above, I have reasonably relied on information
provided to me by the following unaffiliated parties: Citibank, N.A., as
trustee; Chase Manhattan Mortgage Corporation, as servicer; Commercial
Federal Bank,as servicer; Countrywide Home Loans Servicing LP, as servicer;
GMAC Mortgage Corporation, as servicer; SunTrust Mortgage, Inc., as
servicer; Washington Mutual Bank, F.A., as servicer; Waterfield Mortgage
Company, Inc.,as servicer; Wells Fargo Home Mortgage, Inc., as servicer.

Date:  March 28, 2005
       --------------

By:       /s/ E. Todd Whittemore
          --------------------------
Name:     E. Todd Whittemore
Title:    Executive Vice President
Company:  Aurora Loan Services LLC fka Aurora Loan Services Inc.