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): May 28, 1999
Structured Asset Mortgage Investments, Inc.
Mortgage Pass-Through certificates, Series 1998-10
(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
1998-10, on May 28, 1999. The distribution was made pursuant to the
provisions of a Pooling and Servicing Agreement dated November 30, 1998,
between and among Structured Asset Mortgage Investments Inc., as Seller,
Bankers Trust Company of California, N.A., as Trustee, and Liberty Lending
Services, Inc., as Master Servicer.
Item 7. Financial Statements and Exhibits.
c) Exhibits.
(28.6) May 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: June 15, 1999 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
(28.6) May 28, 1999 - Information on
Distribution to Certificateholders
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<TABLE>
May 28, 1999 - INFORMATION ON DISTRIBUTION EXHIBIT 28.6
TO CERTIFICATEHOLDERS
Structured Asset Mortgage Investments, Inc
Mortgage Pass-Through Certificates, Series 1998-10
<CAPTION>
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Principal Amt.
Certificate Face Prior to Interest Principal Total Ending
Class Value Distribution Distributed Distributed Distribution Balance
<S> <C> <C> <C> <C> <C> <C>
A $ 211,895,600 $ 191,526,024 1,101,275 $ 6,947,134 $ 8,048,408 $ 184,578,890
PO 90,487 85,493 0 245 244 85,248
X(*) 222,864,136 203,236,125 146,463 0 146,463 196,286,431
B-1 6,856,700 6,834,946 39,301 5,561 44,863 6,829,384
B-2 3,999,700 3,987,010 22,925 3,244 26,169 3,983,766
B-3 2,285,600 2,278,348 13,100 1,853 14,954 2,276,495
B-4 1,599,900 1,594,824 9,170 1,297 10,467 1,593,526
B-5 685,700 683,524 3,930 556 4,486 682,968
B-6 1,142,814 1,139,188 6,550 927 7,477 1,138,261
R 100 0 0 0 0 0
$ 228,556,601 $ 208,129,358 $1,342,715 $ 6,960,818 $ 8,303,533 $ 201,168,539
(*) Repeats Notional Balance
</TABLE>
