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):
January 25, 1999
AMERICA FIRST MORTGAGE INVESTMENTS, INC.
----------------------------------------------------
(Exact name of registrant as specified in its charter)
Maryland 1-13391
------------------ ----------------------
(State of Formation) (Commission File Number)
13-3974868
----------------------------------
(IRS Employer Identification Number)
399 Park Avenue
New York, New York 10022
- ---------------------------------------- --------
(Address of principal executive offices) (Zip Code)
(212) 935-8760
--------------------------------------------------
(Registrants' telephone number, including area code)
Not applicable
-----------------------------------------------------------
(Former name or former address, if changed since last report)
Item 2. Acquisition or Disposition of Assets.
On January 25, 1999, America First Mortgage Investments, Inc. (the
"Registrant") acquired six Federal National Mortgage Association whole-pool
mortgage-backed certificate with an aggregate remaining principal balance of
$85,482,703 ("FNMA Certificates") from affiliates of Countrywide Securities
Corp., Prudential Securities, Inc. and Bear Stearns. The FNMA Certificates
bear interest at rates ranging from 5.84% to 7.84% per annum. The total
purchase price paid for the FNMA Certificates, including accrued interest, was
approximately $86.7 million. The acquisitions were financed with various
LIBOR-based reverse repurchase agreements with Lehman Brothers, Bear Stearns
and Prudential Securities, Inc. and from cash reserves of the Registrant.
There is no relationship between any of Lehman Brothers, Bear Stearns,
Prudential Securities, Inc. or Countrywide Securities Corp. or their
respective affiliates, on one hand, and the Registrant or any of its
affiliates, directors or officers or any associate of any of its directors or
officers on the other hand.
SIGNATURES
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.
AMERICA FIRST MORTGAGE INVESTMENTS, INC.,
By /s/ Stewart Zimmerman
----------------------------------------------
Stewart Zimmerman, President and Chief Executive
Officer
Dated: February 01, 1999
<PAGE> - 2 -
