Structured Asset Investment Loan Trust 2005-HE3
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the followingpersons on behalf of the registrant and in the capacities and on the dates indicated. By (Signature and Title): Date /s/ E. Todd Whittemore                                                                                                                                                3/29/2006                                                                                                                                              Aurora Loan Services LLC, as Master Servicer E. Todd Whittemore, Executive Vice President a)    1. Not Applicable. Item 15. Exhibits, Financial Statement Schedules.        2. Not Applicable.       3. Exhibits. b)    See (a) 3 above.c)    Not Applicable. PART IV        31.1 Sarbanes-Oxley Certification        99.3 Annual Statement of Compliance for the year ended December 31, 2005        99.1 Independent Accountant's Servicing Report for the year ended December 31, 2005        99.2 Report of Management as to compliance with minimum servicing standards for the year ended December 31, 2005 a)  Aurora Loan Services LLC, as Master Servicer        99.4 Aggregate Statement of Principal and Interest Distributions to Certificateholders as of December 31,2005 a) Aurora Loan Services LLC, as Servicerb) Chase Home Finance LLC, as Sub-servicer for JPMorgan Chase Bank, N.A.c) Homeq Servicing Corporation, as Servicerd) JP Morgan Chase Bank, N.A., as Servicere) Option One Mortgage Corporation, as Servicerf) Wells Fargo Bank, N.A., as Servicer a) Aurora Loan Services LLC, as Servicerb) Chase Home Finance LLC, as Sub-servicer for JPMorgan Chase Bank, N.A.c) Homeq Servicing Corporation, as Servicerd) JP Morgan Chase Bank, N.A., as Servicere) Option One Mortgage Corporation, as Servicerf) Wells Fargo Bank, N.A., as Servicer      Exhibit    Index        31.1 Sarbanes-Oxley Certification        99.3 Annual Statement of Compliance for the year ended December 31, 2005        99.1 Independent Accountant's Servicing Report for the year ended December 31, 2005        99.2 Report of Management as to compliance with minimum servicing standards for the year ended December 31, 2005 a)  Aurora Loan Services LLC, as Master Servicer        99.4 Aggregate Statement of Principal and Interest Distributions to Certificateholders as of December 31,2005 a) Aurora Loan Services LLC, as Servicerb) Chase Home Finance LLC, as Sub-servicer for JPMorgan Chase Bank, N.A.c) Homeq Servicing Corporation, as Servicerd) JP Morgan Chase Bank, N.A., as Servicere) Option One Mortgage Corporation, as Servicerf) Wells Fargo Bank, N.A., as Servicer a) Aurora Loan Services LLC, as Servicerb) Chase Home Finance LLC, as Sub-servicer for JPMorgan Chase Bank, N.A.c) Homeq Servicing Corporation, as Servicerd) JP Morgan Chase Bank, N.A., as Servicere) Option One Mortgage Corporation, as Servicerf) Wells Fargo Bank, N.A., as Servicer         EX-31 2 rpt10ksail2005he3sox.htm SAIL05HE3, EX 31.1     rpt10kSOX_ALS           Exhibit 31.1: Sarbanes-Oxley Certification Date I, E. Todd Whittemore, Executive Vice President of Aurora Loan Services LLC., certify that: 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 Structured Asset Investment Loan TrustMortgage Pass-Through CertificatesSeries 2005-HE3 ; 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 misleading as of the last day of the period covered by this annual report; Based on my knowledge, the distribution or servicing information required to be provided to the Trustee by the Servicer under the Pooling and Servicing or similar, agreement, for inclusion in these reports is included in these reports; I am responsible for reviewing the activities performed by the master servicer under the pooling and servicing, or similar, agreement, and  based on upon my knowledge and the annual compliance review required under that agreement, and except as disclosed in the reports, the master servicer has fulfilled its obligations under that agreement; and 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 or similar procedure, as set forth in the pooling and servicing, or similar, 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: Title U.S. Bank National Association, as Trustee Signature 1. 2. 3. 4. 5.   3/29/2006                                                                                                            /s/ E. Todd Whittemore                                                                                                          Executive Vice President Chase Home Finance LLC, as Sub-servicer for JPMorgan Chase Bank, N.A.Homeq Servicing Corporation, as ServicerJP Morgan Chase Bank, N.A., as ServicerOption One Mortgage Corporation, as ServicerWells Fargo Bank, N.A., as Servicer         EX-99.1 CHARTER 3 ex991_usap.txt SAIL05HE3, EX 99-1 USAP  EXHIBIT 99.1 -  Independent Accountant's Servicing Report for the year                 ended December 31, 2005  a)[ERNST & YOUNG logo]                           Ernst & Young LLP Phone: (720) 931-4000    Suite 3300  Fax:   (720) 931-4444    370 17th Street  www.ey.com    Denver, Colorado 80202-5663              Report on Management's Assertion on Compliance With the Specified Minimum Servicing Standards Set Forth in the      Uniform Single Attestation Program for Mortgage Bankers    Report of Independent Registered Public Accounting Firm   Member Aurora Loan Services LLC  We have examined management's assertion, included in the accompanying report titled Report of Management, that Aurora Loan Services LLC (the Company) complied with the servicing standards identified in Exhibit A (the specified minimum servicing standards) to the Report of Management as set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers (USAP) during the year ended November 30, 2005. Management is responsible for the Company's compliance with these specified minimum servicing standards. Our responsibility is to express an opinion on management's assertion about the Company'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 Company's compliance with the specified minimum servicing standards and performing such other procedures as we considered 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 Company's compliance with the specified minimum servicing standards.  In our opinion, management's assertion that the Company complied with the aforementioned specified minimum servicing standards during the year ended November 30, 2005, is fairly stated, in all material respects.         /s/ Ernst & Young LLP  February 17,2006   b) [PricewaterhouseCoopers LLP logo]  PricewaterhouseCoopers LLP PricewaterhouseCoopers Center 300 Madison Avenue New York NY 10017 Telephone (646) 471 3000 Facsimile (813) 286 6000  Report of Independent Auditors  To the Board of Directors and Stockholder of Chase Home Finance LLC:   We have examined management's assertion about Chase Home Finance LLC's (the "Company") compliance with the minimum servicing standards identified in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers ("USAP") as of and for the year ended December 31, 2005 included in the accompanying management assertion (see Exhibit I). Management is responsible for the Company's compliance with those minimum servicing standards. Our responsibility is to express an opinion on management's assertion about the Company's compliance based on our examination.  Our examination was made in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about the Company's compliance with the minimum servicing standards and performing such other procedures as we considered 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 Company's compliance with the minimum servicing standards.  In our opinion, management's assertion that the Company complied with the aforementioned minimum servicing standards as of and for the year ended December 31, 2005 is fairly stated, in all material respects.  /s/ PricewaterhouseCoopers LLP  March 13, 2006    c) [KPMG logo]    KPMG LLP   Suite 2300   Three Wachovia Center   401 South Tryon Street   Charlotte, NC 28202-1911                       Independent Accountants' Report    The Board of Directors HomEq Servicing Corporation:   We have examined management's assertion,included in the accompanying Management's Assertion, that HomEq Servicing Corporation (the Company) complied with the minimum servicing standards set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers, as of and for the year ended December 31, 2005. Management is responsible for the Company's compliance with those minimum servicing standards.  Our responsibility is to express an opinion on management's assertion about the Company's compliance based on our examination.  Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about the Company's compliance with the minimum servicing standards specified above and performing such other procedures as we considered 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 Company's compliance with the minimum servicing standards.  In our opinion, management's assertion that the Company complied with the aforementioned minimum servicing standards as of and for the year ended December 31, 2005 is fairly stated, in all material respects.                         /s/ KPMG LLP    February 24, 2006     d) [PricewaterhouseCoopers LLP logo]  PricewaterhouseCoopers LLP PricewaterhouseCoopers Center 300 Madison Avenue New York NY 10017 Telephone (646) 471 3000 Facsimile (813) 286 6000   Report of Independent Auditors  To the Board of Directors and Stockholder of JPMorgan Chase Bank, National Association:  We have examined management's assertion about JPMorgan Chase Bank, National Association's (the "Company") compliance with the minimum servicing standards identified in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers ("USAP") solely as they relate to standard VII, Insurance Policies (the "Applicable Standard"), as of and for the year ended December 31, 2005 included in the accompanying management assertion. Management is responsible for the Company's compliance with the Applicable Standard. Our responsibility is to express an opinion on management's assertion about the Company's compliance, solely as it relates to the Applicable Standard based on our examination. The Company uses subservicing organizations to perform the servicing obligations subject to minimum servicing standards I-VI of USAP. We did not examine the Company's compliance with standards I-VI of USAP and, accordingly, do not express an opinion thereon.  Our examination was made in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, including examining, on a test basis, evidence about the Company's compliance with the Applicable Standard and performing such other procedures as we considered 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 Company's compliance with the Applicable Standard.  In our opinion, management's assertion that the Company complied with the Applicable Standard solely as it relates to standard VII, Insurance Policies, as of and for the year ended December 31, 2005 is fairly stated, in all material aspects.   /s/ PricewaterhouseCoopers LLP  March 13, 2006   e) [KPMG logo]    KPMG LLP   Suite 2000   355 South Grand Avenue   Los Angeles, CA 90071-1568        Independent Accountant's Report    The Board of Directors and Stockholder Option One Mortgage Corporation:  We have examined management's assertion, included in the accompanying management assertion, that Option One Mortgage Corporation complied with the minimum servicing standards set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers as of and for the year ended December 31, 2005. Management is responsible for Option One Mortgage Corporation's compliance with those minimum servicing standards. Our responsibility is to express an opinion on management's assertion about the Company's compliance based on our examination.  Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, including examining, on a test basis, evidence about Option One Mortgage Corporation's compliance with the minimum servicing standards specified above and performing such other procedures as we considered 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 Option One Mortgage Corporation's compliance with the minimum servicing standards.  In our opinion, management's assertion that Option One Mortgage Corporation complied with the aforementioned minimum servicing standards as of and for the year ended December 31, 2005 is fairly stated in all material respects.            /s/ KPMG LLP   Los Angeles, California February 28, 2006    f)[KPMG LLP.logo]               KPMG LLP       2500 Ruan Center       666 Grand Avenue       Des Moines, IA 50309                         Independent Accountants' Report    The Board of Directors Wells Fargo Home Mortgage, a division of Wells Fargo Bank, N.A.:   We have examined management's assertion, included in the accompanying Assertion of Management of Wells Fargo Home Mortgage, a division of Wells Fargo Bank, N.A. (the Company), that the Company complied with the minimum servicing standards set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers (USAP) as of and for the year ended December 31, 2005. Management is responsible for the Company's compliance with those minimum servicing standards. Our responsibility is to express an opinion on management's assertion about the Company's compliance based on our examination.  Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about the Company's compliance with the minimum servicing standards specified above and performing such other procedures, as we considered 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 Company's compliance with the minimum servicing standards.  In our opinion, management's assertion that the Company complied with the aforementioned minimum servicing standards as of and for the year ended December 31, 2005 is fairly stated, in all material respects.                                 /s/ KPMG LLP   February 21,2006      EX-99.2 BYLAWS 4 ex992_reportofmanagement.txt SAIL05HE3, EX 99-2 REPORT OF MANAGEMENT  Exhibit 99.2  -  Report of Management as to compliance with minimum    servicing standards for the year ended December 31, 2005   a) AURORA LOAN SERVICES    A Lehman Brothers Company     Management's Assertion on Compliance   with the Specified Miminum Servicing Standards Set Forth        in the Uniform Single Attestation Program for Mortgage Bankers     Report of Management  We, as members of management of Aurora Loan Services LLC (the "Company"), are responsible for complying with the servicing standards identified in the attached Exhibit A (the "specified minimum servicing standards") as set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers ("USAP"). We are also responsible for establishing and maintaining effective internal control over compliance with these specified minimum servicing standards. We have performed an evaluation of the Company's compliance with the specified minimum servicing standards as of November 30, 2005 and for the year then ended. Based on this evaluation, we assert that during the year ended November 30, 2005, the Company complied, in all material respects, with the specified minimum servicing standards.  As of November 30, 2005 and for the year then ended, the Company had in effect a fidelity bond in the amount of $110,000,000 and an errors and omissions policy in the amount of $150,000,000.         Very truly yours,        /s/ Rick Skogg      Rick Skogg      Co-Chief Operating Officer         /s/ Roy Browning      Roy Browning      Chief Financial Officer         /s/ William Napier      William Napier      Controller   February 17, 2006     - ------------------------------------------------------------------------  AURORA LOAN SERVICES A Lehman Brothers Company        Exhibit A    Specified Minimum Servicing Standards  I. Custodial Bank Accounts       1. Reconciliations shall be prepared on a monthly basis for all  custodial bank accounts and related bank clearing accounts.  These reconciliations shall:   a. be mathematically accurate;   b. be prepared within forty-five (45) calendar days after the     cutoff date. The cutoff date is the date as of which a bank          account is reconciled every month. It may, or may not,     coincide with a prescribed investor reporting date but shall     be consistent from period to period;   c. be reviewed and approved by someone other than the person     who prepared the reconciliation; and   d. document explanations for reconciling items. These     reconciling items shall be resolved within ninety (90)     calendar days of their original identification.      2. Funds of the servicing entity shall be advanced in cases where  there is an overdraft in an investor's or a mortgagor's account.      3. Each custodial account shall be maintained at a federally  insured depository institution in trust for the applicable  investor.      4. Escrow funds held in trust for a mortgagor shall be returned to  the mortgagor within thirty (30) calendar days of payoff of the   mortgage loan.  II. Mortgage Payments      1. Mortgage payments shall be deposited into the custodial bank  accounts and related bank clearing accounts within two (2)  business days of receipt.      2. Mortgage payments made in accordance with the mortgagor's loan   documents shall be posted to the applicable mortgagor records  within two (2) business days of receipt.      3. Mortgage payments shall be allocated to principal, interest,  insurance, taxes or other escrow items in accordance with the  mortgagor's loan documents.      4. Mortgage payments identified as loan payoffs shall be allocated   in accordance with the mortgagor's loan documents.  III. Disbursements      1.  Disbursements made via wire transfer on behalf of a mortgagor  or investor shall be made only by authorized personnel.      2.  Disbursements made on behalf of a mortgagor or investor shall         be posted within two (2) business days to the mortgagor's or   investor's records maintained by the servicing entity.      3. Tax and insurance payments shall be made on or before the  penalty or insurance policy expiration dates, as indicated on   tax bills and insurance premium notices, respectively,  provided that such support has been received by the servicing  entity at least thirty (30) calendar days prior to these dates.      4. Any late payment penalties paid in conjunction with the  payment of any tax bill or insurance premium notice shall be  paid from the servicing entity's funds and not charged to the  mortgagor, unless the late payment was due to the mortgagor's   error or omission.      5. Amounts remitted to investors per the servicer's investor  reports shall agree with cancelled checks, or other form of  payment, or custodial bank statements.      6. Unissued checks shall be safeguarded so as to prevent  unauthorized access.  IV. Investor Accounting and Reporting      1. The servicing entity's investor reports shall agree with, or   reconcile to, investors' records on a monthly basis as to the  total unpaid principal balance and number of loans serviced  by the servicing entity.  V.  Mortgagor Loan Accounting      1. The servicing entity's mortgage loan records shall agree with,   or reconcile to, the records of mortgagors with respect to the   unpaid principal balance on a monthly basis.      2. Adjustments on adjustable rate mortgage (ARM) loans shall be  computed based on the related mortgage note and any ARM rider.      3. Escrow accounts shall be analyzed, in accordance with the  mortgagor's loan documents, on at least an annual basis.      4. Interest on escrow accounts shall be paid, or credited, to  mortgagors in accordance with the applicable state laws.  VI.  Delinquencies      1.  Records documenting collection efforts shall be maintained  during the period a loan is in default and shall be updated   at least monthly. Such records shall describe the entity's  activities in monitoring delinquent loans including, for  example, phone calls, letters and mortgage payment  rescheduling plans in cases where the delinquency is deemed   temporary (i.e., illness or unemployment).  VII.  Insurance Policies      1. A fidelity bond and errors and omissions policy shall be  in effect on the servicing entity throughout the reporting  period in the amount of coverage represented to investors  in management's assertion.    b) [chase logo]  Exhibit I  Management's Assertion Concerning Compliance with USAP Minimum Servicing Standards  March 13, 2006  As of and for the year ended December 31, 2005, Chase Home Finance LLC (the "Company") has complied in all material repects with the minimum servicing standards (the "Standards") set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers ("USAP"). These Standards are applicable only to the Company's prime and subprime mortgage portfolios.  As of and for this same period, the Company had in effect fidelity bond and errors and omissions policies in the amounts of $250,000,000 and $25,000,000 respectively.    /s/ Kim Greaves                                      /s/ Jim Miller Kim Greaves                                          Jim Miller Senior Vice President                                Senior Vice President Chase Home Finance LLC                               Chase Home Finance LLC    /s/ Scott Powell Scott Powell CEO Chase Home Finance LLC   c) [HomEq Servicing logo]       Management's Assertion     As of and for the year ended December 31, 2005, HomEq Servicing Corporation (the"Company") complied in all material respects with the minimum servicing standards set forth in the Mortgage Bankers Association of America's Uniform Single Attestation for Mortgage Bankers.  As of and for this same period, the Company had in effect a fidelity bond and errors and omissions policy both in the amount of $20 million.    HomEq Servicing Corporation  /s/ Arthur Q. Lyon     February 24, 2006 Arthur Q. Lyon President    /s/ Keith G. Becher     February 24, 2006 Keith G. Becher Chief Operating Officer   d) [chase logo]  Management's Assertion Concerning Compliance with USAP Minimum Servicing Standards  March 13, 2006  As of and for the year ended December 31, 2005, JPMorgan Chase Bank, National Association (the "Company") has complied in all material respects with the minimum servicing standards set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers ("USAP") solely as they relate to standard VII, Insurance Policies (the "Applicable Standard"). The Company uses subservicing organizations to perform the servicing obligations subject to minimum servicing standards I-VI of USAP.  As of and for the same period, the Company had in effect fidelity bond and errors and omissions policies in the amounts of $250,000,000 and $25,000,000 respectively.  Attached to this Management Assertion are the independent auditors' reports on the subservicng organizations' compliance with the minimum servicing standards related to the servicing obligations performed.    /s/ Kim Greaves     /s/ Jim Miller Kim Greaves                                     Jim Miller Vice President     Vice President JPMorgan Chase Bank, N.A.   JPMorgan Chase Bank, N.A.    /s/ Scott Powell Scott Powell Senior Vice President JPMorgan Chase Bank, N.A.    e) [Option One Mortgage logo]                                 [H&R Block logo]                             Management Assertion   As of and for the year ended December 31, 2005, Option One Mortgage Corporation Complied in all material respects with the minimum servicing standards set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers. As of and for this same period, Option One Mortgage Corporation had in effect a fidelity bond and errors and omissions policy in the amounts of $70,000,000 and $10,000,000 respectively.   /s/ Robert E. Dubrish Robert E. Dubrish, Chief Executive Officer   /s/ William L. O'Neill William L. O'Neill, Chief Financial Officer   /s/ Matthew A. Engel Matthew A. Engel, Controller   /s/ Fabiola Camperi Fabiola Camperi, Chief Servicing Officer     f)[Wells Fargo Home Mortgage. logo]              1 Home Campus                 Des Moines, IA 50328              Assertion of Management of Wells Fargo Home Mortgage,                    a division of Wells Fargo Bank, N.A.    As of and for the year ended December 31, 2005, Wells Fargo Home Mortgage, a division of Wells Fargo Bank, N.A. (the Company) has complied in all material respects with the minimum servicing standards set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers.  As of and for this same period, the Company had in effect a fidelity bond along with an errors and omissions policy in the amounts of $100 million and $20 million, respectively.     /s/ Michael J. Heid                                           February 21,2006 Michael J. Heid, Division President, Capital Markets, Finance, & Administration Wells Fargo Home Mortgage, a division of Wells Fargo Bank, N.A.   /s/ Franklin R. Codel            February 21,2006 Franklin R. Codel, Executive Vice President, Finance and Corporate Real Estate Wells Fargo Home Mortgage, a division of Wells Fargo Bank, N.A.   /s/ Mary Coffin                   February 21,2006 Mary Coffin, Executive Vice President, Servicing & Post Closing Wells Fargo Home Mortgage, a division of Wells Fargo Bank, NA.   /s/ Cara K. Heiden                   February 21,2006 Cara K. Heiden, Division President, Nat'l Consumer & Institutional Lending Wells Fargo Home Mortgage, a division of Wells Fargo Bank, N.A.         EX-99.3 VOTING TRUST 5 ex993_compliance.txt SAIL05HE3, EX 99-3 COMPLIANCE  Exhibit 99.3 - Annual Statement of Compliance for the year         ended December 31, 2005   AURORA LOAN SERVICES A Lehman Brothers Company   Via UPS  February 23, 2006   Diana Kenneally U.S. Bank National Association 1 Federal Street, 3rd Floor Boston, MA 02110  RE: SAIL 2005-HE3  Annual Officer's Certificate as to Compliance  Dear Ms. Kenneally:  The undersigned Officer certifies the following for the period ending on December 31, 2005:  1. I have reviewed the activities and performance of the Master Servicer during the preceding calendar year under the terms of the Trust Agreements and to the best of this Officer's knowledge, the Master Servicer has fulfilled all of its duties, responsibilities or obligations under the Agreements;  2. Based on said review and to the best of this Officer's knowledge, the Master Servicer is not in default of its obligations under the terms of the Trust Agreements in any material respect, or, if there is a default in the fulfillment of its obligations, a description of each default or failure and the nature and status thereof has been reported to this Officer;  3. To the best of this Officer's knowledge, nothing has arose to lead this Officer to believe that its Servicer has failed to perform any of its duties, responsibilities and obligations under its Servicing Agreement during the preceding calendar year;  4. To the best of this Officer's knowledge, the Servicer is not in default of its obligations under the terms of its Servicing Agreement in any material respect, or, if there is a default in the fulfillment of its obligations, a description of each default or failure and the nature and status thereof has been reported to this Officer;  5. The Master Servicer has received from its Servicer such Servicer's annual certificate of compliance and a copy of such Servicer's annual audit report, in each case to the extent required under the applicable Servicing Agreement, or, if any such certificate or report has not been received by the Master Servicer, the Master Servicer is using its best reasonable efforts to obtain such certificate or report.   Certified By:   /s/ R. Peter Karr R. Peter Karr Senior Vice President Master Servicing Division    EX-99.4 ACQ AGREEMNT 6 ex994summary.htm SAIL05HE3, EX 99-4 SUMMARY                Exhibit 99.4  -  Aggregate Statement of Principal and Interest Distributions to Certificateholders as of December 31, 2005 STRUCTURED ASSET INVESTMENT LOAN TRUSTMORTGAGE PASS-THROUGH CERTIFICATESSERIES 2005-HE3 Beginning Principal Interest Ending Class Balance Distributed Distributed Balance A1 485,067,000.00 82,050,041.95 6,404,981.35 403,016,958.05 A2 225,169,000.00 0.00 3,333,455.04 225,169,000.00 A3 688,220,000.00 127,325,131.20 9,089,462.11 560,894,868.84 A4 319,409,000.00 0.00 4,728,606.25 319,409,000.00 A5 221,021,000.00 0.00 3,396,309.99 221,021,000.00 M1 100,737,000.00 0.00 1,569,461.48 100,737,000.00 M2 63,997,000.00 0.00 999,797.58 63,997,000.00 M3 52,146,000.00 0.00 823,577.26 52,146,000.00 M4 28,443,000.00 0.00 461,386.94 28,443,000.00 M5 24,888,000.00 0.00 406,913.61 24,888,000.00 M6 22,518,000.00 0.00 374,907.50 22,518,000.00 M7 20,147,000.00 0.00 375,938.82 20,147,000.00 M8 20,147,000.00 0.00 393,175.70 20,147,000.00 M9 18,962,000.00 0.00 402,496.10 18,962,000.00 M10 14,222,000.00 0.00 344,469.68 14,222,000.00 M11 21,332,000.00 0.00 516,680.30 21,332,000.00 B1 14,222,000.00 0.00 344,469.68 14,222,000.00 B2 17,777,000.00 0.00 430,574.99 17,777,000.00 X 11,853,246.68 0.00 12,601,026.07 11,853,246.68 P 100.00 0.00 2,620,280.93 100.00 R 0.00 0.00 0.00 0.00 2,370,277,346.68 209,375,173.15 49,617,971.38 2,160,902,173.57         -----END PRIVACY-ENHANCED MESSAGE-----