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): August 28, 1999
Structured Asset Mortgage Investments, Inc.
Mortgage Pass-Through certificates, Series 1999-4
(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 reort.
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Item 5. Other Events.
1. A distribution was made to the Certificateholders of the Structured
Asset Mortgage Investments, Inc. Mortgage Pass-Through Certificates, Series
1999-4, on August 28, 1999. The distribution was made pursuant to the provisions
of a Pooling and Servicing Agreement dated June 28, 1999, between and among
Structured Asset Mortgage Investments Trust, as Issuer, Bankers Trust Company of
California, as Trustee, and Norwest Bank Minnesota, National Association, as
Master Servicers.
Item 7. Financial Statements and Exhibits.
c) Exhibits.
(28.2) August 28, 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: September 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
(28.2) August 28, 1999 - Information on
Distribution to Certificateholders
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<TABLE>
August 28, 1999 - INFORMATION ON DISTRIBUTION EXHIBIT 28.2
TO CERTIFICATEHOLDERS
Structured Asset Mortgage Investments, Inc
Mortgage Pass-Through Certificates, Series 1999-4
<CAPTION>
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Principal Amt.
Outstanding Ending
Certificate Prior to Interest Interest Principal Total Certificate
Class Distribution Rate Distribution Distribution Distribution Balance
<S> <C> <C> <C> <C> <C> <C>
R $ 00 7.25000% $ 0.02 $ 00.00 $ 00.02 $ 0.00
A-1 125,852,913 7.25000% 760,361.33 1,212,142.44 1,972,503.77 124,640,770.46
A-2 49,650,455 7.25000% 299,971.49 0.00 299,971.49 49,650,455.00
A-3 35,180,554 7.25000% 212,549.18 621,699.29 834,248.47 34,558,855.09
A-4 8,257,000 7.25000% 49,886.04 0.00 49,886.04 8,257,000.00
A-5 2,234,638 7.25000% 13,500.94 0.00 13,500.94 2,234,638.00
A-6 1,000,000 7.25000% 6,041.67 0.00 6,041.67 1,000,000.00
A-7 1,000,000 7.25000% 6,041.67 0.00 6,041.67 1,000,000.00
P 285,235 0.00000% 0.00 335.66 335.66 284,898.92
X-1 0 0.97684% 112,529.43 0.00 112,529.43 0.00
X-2 0 1.03806% 91,975.12 0.00 91,975.12 0.00
B-1 10,426,565 7.25000% 62,993.83 6,819.85 69,813.68 10,419,744.74
B-2 4,416,047 7.25000% 26,680.29 2,888.47 29,568.76 4,413,158.83
B-3 2,575,936 7.25000% 15,562.95 1,684.88 17,247.83 2,574,251.11
B-4 1,471,949 7.25000% 8,893.03 962.78 9,855.81 1,470,986.36
B-5 981,366 7.25000% 5,929.09 641.90 6,570.99 980,724.16
B-6 1,226,766 7.25000% 7,411.71 802.41 8,214.12 1,225,963.12
$ 244,559,424 $ 1,680,327.79 $ 1,847,977.68 $ 3,528,305.47 $242,711,445.79
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