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): March 27, 2000
Structured Asset Mortgage Investments, Inc.
Mortgage Pass-Through certificates, Series 2000-1
(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.
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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
1999-1, on March 27, 2000. The distribution was made pursuant to the
provisions of a Pooling and Servicing Agreement dated January 26, 2000, between
and among Structured Asset Mortgage Investments, Inc., as Seller, Norwest Bank
Minnesota, National Association, as Master Services, and Bankers Trust Company,
as Trustee.
Item 7. Financial Statements and Exhibits.
c) Exhibits.
(28.2) March 27, 2000 - 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: April 14, 2000 By: /S/Samuel Molinaro
Samuel Molinaro
Treasurer and Secretary
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Structured Asset Mortgage Investments, Inc.
FORM 8-K
CURRENT REPORT
Exhibit Index
Exhibit No. Description
(28.2) March 27, 2000 - Information on
Distribution to Certificateholders
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<TABLE>
March 27, 2000 - INFORMATION ON DISTRIBUTION EXHIBIT 28.2
TO CERTIFICATEHOLDERS
Structured Asset Mortgage Investments, Inc
Mortgage Pass-Through Certificates, Series 2000-1
<CAPTION>
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Principal Amt.
Outstanding Ending
Certificate Prior to Interest Interest Principal Total Certificate
Class Distribution Rate Distribution Distribution Distribution Balance
<S> <C> <C> <C> <C> <C> <C>
IA1 $ 163,696,583 6.41771% $ 874,056.64 $ 1,068,473.47 $ 1,942,530.11 $ 162,628,109.09
IAIO 0 0.92000% 125,298.97 0.00 125,298.97 0.00
IB1 5,084,074 7.33771% 31,037.90 7,751.78 38,789.68 5,076,322.01
IB2 1,051,901 7.33771% 6,421.78 1,603.85 8,025.63 1,050,297.58
IB3 788,901 7.33771% 4,816.18 1,202.85 6,019.03 787,698.26
IB4 350,667 7.33771% 2,140.80 534.67 2,675.47 350,132.43
IB5 262,900 7.33771% 1,604.99 400.85 2,005.84 262,499.62
IB6 788,990 7.33771% 4,816.72 1,202.98 6,019.70 787,786.65
IIA1 113,142,322 7.24706% 686,294.40 492,222.16 1,178,516.56 112,650,099.43
IIB1 2,863,346 7.24706% 17,367.06 54.82 17,421.88 2,863,291.55
IIB2 1,766,767 7.24706% 10,715.97 33.82 10,749.79 1,766,733.08
IIB3 913,783 7.24706% 5,542.37 17.49 5,559.86 913,765.39
IIB4 548,290 7.24706% 3,325.54 10.50 3,336.04 548,279.23
IIB5 182,797 7.24706% 1,108.72 3.50 1,112.22 182,793.08
IIB6 426,499 7.24706% 2,586.85 8.16 2,595.01 426,490.99
IIIA1 141,890,450 7.20879% 852,410.19 1,227,956.84 2,080,367.03 140,662,493.46
IIIB1 4,055,143 7.20879% 24,361.36 767.08 25,128.44 4,054,376.13
IIIB2 2,027,622 7.20879% 12,180.98 383.55 12,564.53 2,027,238.05
IIIB3 901,132 7.20879% 5,413.57 170.46 5,584.03 901,961.37
IIIB4 525,602 7.20879% 3,157.56 99.42 3,256.98 525,502.49
IIIB5 225,358 7.20879% 1,353.84 42.63 1,396.47 225,315.31
IIIB6 525,691 7.20879% 3,158.10 99.44 3,257.54 525,591.35
RI 0 7.33771% 0.00 0.00 0.00 0.00
RII 0 7.33771% 0.00 0.00 0.00 0.00
$ 442,018,817 $ 2,679,170.49 $ 2,803,040.32 $ 5,482,210.81 $ 439,215,776.55
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