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 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.)
<PAGE>
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
August 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.
(28.16) August 25, 1999 - Information on Distribution to
Certificateholders.
<PAGE>
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/Sam Molinaro
Sam Molinaro
Treasurer and Secretary
<PAGE>
Structured Asset Mortgage Investments, Inc.
FORM 8-K
CURRENT REPORT
Exhibit Index
Exhibit No. Description
(28.16) August 25, 1999 - Information on Distribution to
Certificateholders
<PAGE>
<TABLE>
August 25, 1999 - INFORMATION ON DISTRIBUTION EXHIBIT 28.16
TO CERTIFICATEHOLDERS
Structured Asset Mortgage Investments, Inc.
Mortgage Pass-Through Certificates, Series 1998-5
<CAPTION>
<PAGE>
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 9,279,602 6.50% 209,542 50,331 259,872 9,070,060
A-2 47,487,422 6.50% 1,002,492 257,561 1,260,053 46,484,930
A-3 24,992,660 6.50% 722,232 135,555 857,786 24,270,428
A-4 9,865,250 6.50% 0 53,507 53,507 9,865,250
B-1 634,056 6.50% 4,696 3,439 8,135 629,360
B-2 317,073 6.50% 2,348 1,720 4,068 314,725
B-3 253,640 6.50% 1,878 1,376 3,254 251,762
B-4 126,866 6.50% 940 688 1,628 125,926
B-5 126,775 6.50% 939 688 1,626 125,836
B-6 126,866 6.50% 940 688 1,628 125,926
R-1 0 6.50% 0 0.00 0 0.00
R-11 0 6.50% 0 0.00 0 0.00
R-111 0 6.50% 0 0.00 0 0.00
93,210,210 1,946,007 505,553 2,451,557 91,264,203
</TABLE>
