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): June 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
June 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.
(28.14) June 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: July 15, 1999 By: /S/Sam Molinaro
Sam Molinaro
Treasurer and Secretary
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Structured Asset Mortgage Investments, Inc.
FORM 8-K
CURRENT REPORT
Exhibit Index
Exhibit No. Description
(28.14) June 25, 1999 - Information on Distribution to
Certificateholders
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<TABLE>
June 25, 1999 - INFORMATION ON DISTRIBUTION EXHIBIT 28.14
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 9,978,387 6.51% 234,926 54,134 289,060 9,743,461
A-2 50,830,562 6.51% 1,123,938 275,763 1,399,701 49,706,624
A-3 27,401,179 6.51% 809,726 148,655 958,381 26,591,453
A-4 9,865,250 6.51% 0 53,520 53,520 9,865,250
B-1 643,309 6.51% 4,593 3,490 8,083 638,716
B-2 321,701 6.51% 2,297 1,745 4,042 319,404
B-3 257,342 6.51% 1,837 1,396 3,233 255,505
B-4 128,717 6.51% 919 698 1,617 127,798
B-5 128,625 6.51% 918 698 1,616 127,707
B-6 128,717 6.51% 919 698 1,617 127,798
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
99,683,789 2,180,073 540,797 2,720,870 97,503,716
</TABLE>
