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, 1999
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, 1999. 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.
(28.15) July 25, 1999 - 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 15, 1999 By: /S/Samuel Molinaro
Samuel Molinaro
Treasurer and Secretary
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Structured Asset Mortgage Investments, Inc.
FORM 8-K
CURRENT REPORT
Exhibit Index
Exhibit No. Description
(28.15) July 25, 1999 - Information on Distribution to
Certificateholders
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<TABLE>
July 25, 1999 - INFORMATION ON DISTRIBUTION EXHIBIT 28.15
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 9,743,461 6.50% 463,859 52,851 516,710 9,279,602
A-2 49,706,624 6.50% 2,219,202 269,622 2,488,824 47,487,422
A-3 26,591,453 6.50% 1,598,794 144,239 1,743,033 24,992,660
A-4 9,865,250 6.50% 0 53,512 53,512 9,865,250
B-1 638,716 6.50% 4,661 3,465 8,125 634,056
B-2 319,404 6.50% 2,331 1,733 4,063 317,073
B-3 255,505 6.50% 1,864 1,386 3,250 253,640
B-4 127,798 6.50% 933 693 1,626 126,866
B-5 127,707 6.50% 932 693 1,625 126,775
B-6 127,798 6.50% 933 693 1,626 126,865
R-1 0 6.50% 0 0.00 0 0.00
R-11 0 6.50% 0 0.00 0 0.00
R-111 0 6.50% 0 0.00 0 0.00
97,503,716 4,293,509 528,887 4,822,394 93,210,209
</TABLE>
