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): December 28, 1998
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 December 28, 1998. 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.
(28.1) December 28, 1998 - 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: January 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
(28.1) December 28, 1998 - Information on
Distribution to Certificateholders
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<TABLE>
December 28, 1998 - INFORMATION ON DISTRIBUTION EXHIBIT 28.1
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 $ 211,895,600 1,218,399 $ 2,581,035 $ 3,799,435 $ 209,314,564
PO 90,487 90,487 0 4,361 4,361 86,127
X(*) 222,864,136 222,864,136 160,614 0 160,614 222,864,136
B-1 6,856,700 6,856,700 39,426 5,386 44,812 6,851,313
B-2 3,999,700 3,999,700 22,998 3,142 26,140 3,996,558
B-3 2,285,600 2,285,600 13,142 1,795 14,937 2,283,805
B-4 1,599,900 1,599,900 9,199 1,257 10,456 1,598,643
B-5 685,700 685,700 3,943 539 4,481 685,161
B-6 1,142,814 1,142,814 6,571 898 7,469 1,141,916
R 100 100 0 100 100 0
$ 228,556,601 $ 228,556,601 $1,474,294 $ 2,598,513 $ 4,072,807 $ 225,958,088
(*) Repeats Notional Balance
</TABLE>
