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 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 June 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.
(28.7) June 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: 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
(28.7) June 28, 1999 - Information on
Distribution to Certificateholders
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<TABLE>
June 28, 1999 - INFORMATION ON DISTRIBUTION EXHIBIT 28.7
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 $ 180,744,818 1,039,283 $ 7,607,589 $ 8,646,870 $ 173,137,230
PO 90,487 85,036 0 216 216 84,820
X(*) 222,864,136 192,449,135 138,299 0 138,299 184,838,477
B-1 6,856,700 6,823,674 39,236 5,688 44,924 6,817,087
B-2 3,999,700 3,980,435 22,888 3,318 26,205 3,977,117
B-3 2,285,600 2,274,591 13,079 1,896 14,975 2,272,695
B-4 1,599,900 1,592,194 9,155 1,327 10,482 1,590,867
B-5 685,700 682,397 3,924 569 4,493 681,829
B-6 1,142,814 1,137,310 6,540 948 7,487 1,136,362
R 100 0 0 0 0 0
$ 228,556,601 $ 197,320,455 $1,272,404 $ 7,621,551 $ 8,893,951 $ 189,698,007
(*) Repeats Notional Balance
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