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 25, 1998
Structured Asset Mortgage Investments, Inc.
Mortgage Pass-Through certificates, Series 1998-9
(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.
<PAGE>
Item 5. Other Events.
1. A distribution was made to the Certificateholders of the Structured
Asset Mortgage Investments, Inc. Mortgage Pass-Through Certificates, Series
1998-9, on December 25, 1998. The distribution was made pursuant to the
provisions of a Pooling and Servicing Agreement dated October 28, 1998,
between and among Bear Stearns Mortgage Securities Inc., as Seller, Norwest
Bank Minnesota, N.A. and as Master Servicer and Norwest Bank Minnesota, N.A.,
as Trustee.
Item 7. Financial Statements and Exhibits.
c) Exhibits.
(28.2) December 25, 1998 - 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: January 15, 1999 By: S/William J. Montgoris
William J. Montgoris
Treasurer and Secretary
<PAGE>
Structured Asset Mortgage Investments, Inc.
FORM 8-K
CURRENT REPORT
Exhibit Index
Exhibit No. Description
(28.2) December 25, 1998 - Information on
Distribution to Certificateholders
<PAGE>
<TABLE>
December 25, 1998 - INFORMATION ON DISTRIBUTION EXHIBIT 28.2
TO CERTIFICATEHOLDERS
Structured Asset Mortgage Investments, Inc
Mortgage Pass-Through Certificates, Series 1998-1
<CAPTION>
<PAGE>
Principal Amt.
Original Outstanding Ending
Certificate Principal Prior to Interest Interest Principal Total Certificate
Class Amount Distribution Rate Distribution Distribution Distribution Balance
<S> <C> <C> <C> <C> <C> <C> <C>
IP $ 78,275 $ 78,164 0.00000% $ 0.00 $ 117.57 $ 117.57 $ 78,047.34
1-A-1 167,900,000 167,696,122 6.25000% 873,417.30 214,087.18 1,087,504.48 167,482,034.68
1-A-2 4,916,350 4,941,956 6.25000% 25,739.35 (25,739.35) 0.00 4,967,695.34
1-A-3 19,878,450 19,878,450 6.25000% 103,533.59 0.00 103,533.59 19,878,450.00
1-X 0 0 0.38626% 28,070.16 0.00 28,070.16 0.00
1-B-1 3,379,300 3,376,213 6.25000% 17,584.45 3,105.37 20,689.82 3,373,108.33
1-B-2 994,000 993,092 6.25000% 5,172.36 913.43 6,085.79 992,178.76
1-B-3 496,900 496,446 6.25000% 2,585.66 456.62 3,042.28 495,989.56
1-B-4 596,400 595,855 6.25000% 3,103.41 548.06 3,651.47 595,307.26
1-B-5 198,800 198,618 6.25000% 1,034.47 182.69 1,217.16 198,435.75
1-B-6 298,185 297,913 6.25000% 1,551.63 274.01 1,825.64 297,638.66
R-1 50 0 6.25000% 0.00 0.00 0.00 0.00
R-3 50 0 6.25000% 0.04 0.00 0.04 0.00
PO 569,087 567,189 0.00000% 0.00 1,754.10 1,754.10 565,434.82
2-A-1 21,000,000 20,803,379 6.12500% 106,183.92 236,785.73 342,969.65 20,566,593.68
2-A-2 275,493,200 273,042,730 6.12500% 1,393,655.60 2,951,045.44 4,344,701.04 270,091,684.83
2-A-3 1,105,000 1,105,000 6.12500% 5,640.10 0.00 5,640.10 1,105,000.00
2-B-1 3,049,800 3,039,801 6.12500% 15,515.65 10,076.63 25,592.28 3,029,723.99
2-B-2 1,524,900 1,519,900 6.12500% 7,757.82 5,038.32 12,796.14 1,514,862.00
2-B-3 762,500 760,000 6.12500% 3,879.17 2,519.32 6,398.49 757,480.67
2-B-4 610,000 608,000 6.12500% 3,103.33 2,015.46 5,118.79 605,984.54
2-B-5 457,400 455,900 6.12500% 2,326.99 1,511.26 3,838.25 454,389.06
2-B-6 457,561 456,061 6.12500% 2,327.81 1,511.80 3,839.61 454,549.00
X 0 0 0.52438% 47,507.61 0.00 47,507.61 0.00
R-2 100 0 6.12500% 0.00 0.00 0.00 0.00
$ 503,766,309 $ 500,910,792 $ 2,649,690.42 $ 3,406,203.64 $ 6,055,894.06 $497,504,588.27
</TABLE>
