Item 1. Business. Item 1A.
Item 1A. Risk Factors. Item 1B.
Item 1B. Unresolved Staff Comments. Item 2.
Item 2. Properties. Item 3.
Item 3. Legal Proceedings. Item 4.
Item 4. Submission of Matters to a Vote of Security Holders. Not Applicable. Not Applicable. Not Applicable. None. Not Applicable. None. Item 5.
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity
Securities. Item 6.
Item 6. Selected Financial Data. Item 7.
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operation. Item 7A.
Item 7A. Quantitative and Qualitative Disclosures About Market Risk. Item 8.
Item 8. Financial Statements and Supplementary Data. Item 9.
Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure. Item 9A.
Item 9A. Controls and Procedures. PART II Not Applicable. Not Applicable. Not Applicable. Not Applicable. Not Applicable. Not Applicable. Not Applicable. Not Applicable. Item 9A(T). Controls and Procedures. Item 9B.
Item 9B. Other Information. None. Item 10.
Item 10. Directors and Executive Officers and Corporate Governance. Item 11.
Item 11. Executive Compensation. Item 12.
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters. Item 13.
Item 13. Certain Relationships and Related Transactions, and Director Independence. Item 14.
Item 14. Principal Accounting Fees and Services. PART III Not Applicable. Not Applicable. Not Applicable. Not Applicable. Not Applicable.
Item 1112(b) of Regulation AB. Item 1117 of Regulation AB. Item 1119 of Regulation AB. Item 1122 of Regulation AB. Servicer Compliance Statement. Significant Obligors of Pool Assets (Financial Information). Legal Proceedings. Affiliations and Certain Relationships and Related Transactions. Compliance with Applicable Servicing Criteria Item 1123 of Regulation AB. None. None. None. None. Item 1115(b) of Regulation AB. Information required by Item 1119 has been omitted from this annual report on Form 10-K because it is materially the
same information as has been provided previously in a prospectus timely filed pursuant to Rule 424 promulgated under
the Securities Act of 1933 under the same Central Index Key (CIK) code as this annual report on Form 10-k. Homeq Servicing Corporation:
HomEq discloses that foreclosure was not initiated in accordance with the timeframes established by its servicing
agreements and the servicing criteria set forth in 1122(d)(4)(viii). LaSalle Bank National Association:
LaSalle Bank National Association's ("LaSalle") Report on Assessment of Compliance with Servicing Criteria for 2007 (the
"2007 Assessment") attached to this Report on Form 10-K describes in Appendix B the following material instance of
noncompliance related to investor reporting: "1122(d)(3)(i)(A) and (B) - During the Reporting Period, certain monthly investor or remittance reports were not
prepared in accordance with the terms set forth in the transaction agreements and certain investor reports did not
provide the information calculated in accordance with the terms specified in the transaction agreements for which certain
individual errors may or may not have been material." The investor reporting errors identified on LaSalle's 2007 Assessment as material instances of noncompliance (the
"Investor Reporting Errors") included, for example, revised delinquency, REO, foreclosure, repurchase, payoff or
modified loan counts, category indicators and/or balances. The conclusion that the Investor Reporting Errors amounted
to a material instance of noncompliance was based primarily on the aggregate number of errors as opposed to the
materiality of any one error. The Investor Reporting Errors were generally caused by human error resulting primarily from high volume monthly data
processing demands that had to be addressed within constricted time frames with less than a full complement of
operational staff. Between the fourth quarter of the Reporting Period and the date of the 2007 Assessment, LaSalle
has employed additional operational staff to accommodate the high volume of monthly investor reporting requirements
and minimize the risk of the Investor Reporting Errors recurring. Other necessary controls are in place to minimize the
risk of such errors. With respect to the specific pool assets and asset-backed securities related to the Investor Reporting Errors, the errors
did not have, and are not reasonable likely in the future to have, any material impact or effect on pool asset
performance, servicing of the pool assets and payments or expected payments on the mortgage-backed securities.
In this transaction, LaSalle served as custodian. Please note that this additional disclosure does not relate to LaSalle's
custodial Servicing Criteria under Item 1122. OfficeTiger Global Real Estate Services, Inc.:
In 2 of the 71 report examined, there were noted material differences between the CRM report and the applicable
Trustees' report in connection with the unpaid principal balance and number of pool assets reported as being serviced by
the Servicer versus the unpaid principal balance and number of pool assets reported by the Trustee for the same
reporting period. The discrepancies between the Servicer's data (as reflected in the CRM reports) and the Trustee's
reports were investigated and subsequently corrected in the following monthly reporting cycle. It should also be notes
that Office Tiger receives information on the unpaid principal balance and number of pool assets from the Servicer. Item 1114(b)(2) of Regulation AB. Credit Enhancement and Other Support, Except for Certain
Derivatives Instruments (Information Regarding Significant
Enhancement Providers Financial Information). HomeEq Servicing:
Foreclosure was not initiated in accordance with the timeframes established by its servicing agreements and the servicing
criteria set forth in 1122(d)(4)(vii) of Regulation AB and therefore represents an instance of material noncompliance. Certain Derivatives Instruments (Financial Information). ADDITIONAL ITEMS PURSUANT TO GENERAL INSTRUCTION J Reports on assesment of compliance with the servicing criteria for asset-backed securities are
attached hereto under Item 15.
Item 15. Exhibits, Financial Statement Schedules. c) Not Applicable. PART IV a) Exhibits Trust Agreement, dated as of February 1, 2007, among Structured Asset Securities Corporation, as
Depositor, Aurora Loan Services LLC, as Master Servicer, Officetiger Global Real Estate Services Inc.,
as Credit Risk Manager, and U.S. Bank National Association, as Trustee (incorporated herein by
reference from Exhibit 4.1 of the Current Report on Form 8-K of the registrant, as filed with the
Commission on March 15, 2007, Commission File Number 333-133985-51, CIK number 0001390979). Incorporated by reference as Exhibit 4. Exhibit 4 Exhibit 10 Exhibit 33 Reports on assessment of compliance with servicing criteria for asset-backed securities. Exhibit 34 Attestation reports on assessment of compliance with servicing criteria for asset-backed securities. Exhibit 35 Servicer compliance statements. Exhibit 31 Rule 13a-14(d)/15d-14(d) Certifications. a) Aurora Loan Services LLC, as Master Servicer
b) Aurora Loan Services LLC, as Servicer
c) Homeq Servicing Corporation, as Servicer
d) LaSalle Bank National Association, as Custodian
e) Newport Management Corporation, as Sub-Contractor for Aurora Loan Services LLC
f) Office Tiger Global Real Estate Services, Inc., as Credit Risk Manager
g) U.S. Bank National Association, as Trustee, Paying Agent and Custodian
h) Wells Fargo Bank, N.A., as Custodian
i) Wells Fargo Bank, N.A., as Servicer
j) Westlake Settlement Services, LLC, as Sub-Contractor for Aurora Loan Services LLC
k) ZC Real Estate Tax Solutions Limited, as Sub-Contractor for HomEq Servicing
l) ZC Sterling Insurance Agency, Inc., as Sub-Contractor for HomEq Servicing a) Aurora Loan Services LLC, as Master Servicer
b) Aurora Loan Services LLC, as Servicer
c) Homeq Servicing Corporation, as Servicer
d) LaSalle Bank National Association, as Custodian
e) Newport Management Corporation, as Sub-Contractor for Aurora Loan Services LLC
f) Office Tiger Global Real Estate Services, Inc., as Credit Risk Manager
g) U.S. Bank National Association, as Trustee, Paying Agent and Custodian
h) Wells Fargo Bank, N.A., as Custodian
i) Wells Fargo Bank, N.A., as Servicer
j) Westlake Settlement Services, LLC, as Sub-Contractor for Aurora Loan Services LLC
k) ZC Real Estate Tax Solutions Limited, as Sub-Contractor for HomEq Servicing
l) ZC Sterling Insurance Agency, Inc., as Sub-Contractor for HomEq Servicing a) Aurora Loan Services LLC, as Master Servicer
b) Aurora Loan Services LLC, as Servicer
c) Homeq Servicing Corporation, as Servicer
d) Wells Fargo Bank, N.A., as Servicer
SIGNATURES 3/27/2008 /s/ E. Todd Whittemore E. Todd Whittemore
Executive Vice President, Master Servicing 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. Aurora Loan Services LLC, as Master Servicer Structured Asset Securities Corporation Mortgage Loan Trust 2007-BC2 (Senior Officer in charge of the servicing function of Aurora Loan Services LLC, in its
capacity as master servicer) Title: By (Signature and Title): Name: Date
EXHIBIT INDEX EXHIBIT DESCRIPTION Trust Agreement, dated as of February 1, 2007, among Structured Asset Securities Corporation, as
Depositor, Aurora Loan Services LLC, as Master Servicer, Officetiger Global Real Estate Services Inc., as
Credit Risk Manager, and U.S. Bank National Association, as Trustee (incorporated herein by reference from
Exhibit 4.1 of the Current Report on Form 8-K of the registrant, as filed with the Commission on March 15,
2007, Commission File Number 333-133985-51, CIK number 0001390979). Exhibit 33 Reports on assessment of compliance with servicing criteria for asset-backed securities. Exhibit 34 Attestation reports on assessment of compliance with servicing criteria for asset-backed securities. Exhibit 35 Servicer compliance statement. Exhibit 31 Rule 13a-14(d)/15d-14(d) Certifications. Incorporated by reference as Exhibit 4. Exhibit 4 Exhibit 10 a) Aurora Loan Services LLC, as Master Servicer
b) Aurora Loan Services LLC, as Servicer
c) Homeq Servicing Corporation, as Servicer
d) LaSalle Bank National Association, as Custodian
e) Newport Management Corporation, as Sub-Contractor for Aurora Loan Services LLC
f) Office Tiger Global Real Estate Services, Inc., as Credit Risk Manager
g) U.S. Bank National Association, as Trustee, Paying Agent and Custodian
h) Wells Fargo Bank, N.A., as Custodian
i) Wells Fargo Bank, N.A., as Servicer
j) Westlake Settlement Services, LLC, as Sub-Contractor for Aurora Loan Services LLC
k) ZC Real Estate Tax Solutions Limited, as Sub-Contractor for HomEq Servicing
l) ZC Sterling Insurance Agency, Inc., as Sub-Contractor for HomEq Servicing a) Aurora Loan Services LLC, as Master Servicer
b) Aurora Loan Services LLC, as Servicer
c) Homeq Servicing Corporation, as Servicer
d) LaSalle Bank National Association, as Custodian
e) Newport Management Corporation, as Sub-Contractor for Aurora Loan Services LLC
f) Office Tiger Global Real Estate Services, Inc., as Credit Risk Manager
g) U.S. Bank National Association, as Trustee, Paying Agent and Custodian
h) Wells Fargo Bank, N.A., as Custodian
i) Wells Fargo Bank, N.A., as Servicer
j) Westlake Settlement Services, LLC, as Sub-Contractor for Aurora Loan Services LLC
k) ZC Real Estate Tax Solutions Limited, as Sub-Contractor for HomEq Servicing
l) ZC Sterling Insurance Agency, Inc., as Sub-Contractor for HomEq Servicing a) Aurora Loan Services LLC, as Master Servicer
b) Aurora Loan Services LLC, as Servicer
c) Homeq Servicing Corporation, as Servicer
d) Wells Fargo Bank, N.A., as Servicer