FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): July 25, 1998
Structured Asset Mortgage Investments, Inc.
Mortgage Pass-Through certificates, Series 1998-5
(Exact name of registrant as specified in its charter)
Delaware 33-44658 13-3633241
(State or other (Commission File Number) (IRS Employer Identification No.)
jurisdiction of
incorporation)
245 Park Avenue, New York, New York 10167
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 272-2000
Not Applicable
(Former name or former address, if changed since last report.)
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Item 5. Other Events.
1. A distribution was made to the Certificateholders of Structured Asset
Mortgage Investments, Inc. Mortgage Pass-Through Certificates, Series 1998-5, on
July 25, 1998. The distribution was made pursuant to the provisions of a Polling
and Servicing Agreement dated February 25, 1998, between and among Structured
Asset Mortgage Investments, Inc., as Seller, and Norwest Bank Minnesota,
National Association as Trustee. Complete Certificateholder report of the
underlying Securities may-be obtain from the trustee, Norwest Bank Minnesota,
National Association.
Item 7. Financial Statements and Exhibits.
c) Exhibits.
(28.3) July 25, 1998 - Information on Distribution to
Certificateholders.
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SIGNATURE
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 thereunto duly authorized.
Structured Asset Mortgage Investments, Inc.
(Registrant)
Date: August 10, 1998 By: /S/William J. Montgoris
William J. Montgoris
Treasurer and Secretary
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Structured Asset Mortgage Investments, Inc.
FORM 8-K
CURRENT REPORT
Exhibit Index
Exhibit No. Description
(28.3) July 25, 1998 - Information on Distribution to
Certificateholders
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<TABLE>
July 25, 1998 - INFORMATION ON DISTRIBUTION EXHIBIT 28.3
TO CERTIFICATEHOLDERS
Structured Asset Mortgage Investments, Inc.
Mortgage Pass-Through Certificates, Series 1998-5
<CAPTION>
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Beginning Pass Thru Principal Interest Total Ending Cert./
Type Class Cert. Bal. Rate Dist. Amt. Dist. Amt. Dist. Notional Bal.
<S> <C> <C> <C> <C> <C> <C> <C>
Senior A-1 13,650,937 6.51% 357,187 74,103 431,290 13,293,751
A-2 68,400,839 6.51% 1,708,860 371,309 2,080,170 66,691,979
A-3 40,059,444 6.51% 1,231,125 217,460 1,448,585 38,828,319
A-4 9,865,250 6.51% 0.00 53,553 53,553 9,865,250
B-1 691,412 6.51% 4,193 3,753 7,947 687,219
B-2 345,755 6.51% 2,097 1,877 3,974 343,658
B-3 276,585 6.51% 1,677 1,501 3,179 274,907
B-4 138,342 6.51% 839 751 1,590 137,503
B-5 138,243 6.51% 838 750 1,589 137,404
B-6 138,342 6.51% 839 751 1,590 137,503
R-1 0 6.51% 0 0.00 0 0.00
R-11 0 6.51% 0 0.00 0 0.00
R-111 0 6.51% 0 0.00 0 0.00
133,705,149 3,307,657 725,209 4,033,466 130,397,492
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