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 27, 1999
Structured Asset Mortgage Investments, Inc.
Mortgage Pass-Through certificates, Series 1998-8
(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 the Structured
Asset Mortgage Investments, Inc. Mortgage Pass-Through Certificates, Series
1998-8, on December 27, 1999. The distribution was made pursuant to the
provisions of a Pooling and Servicing Agreement dated February 25, 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.
(28.18) December 27, 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: January 15, 2000 By: /S/Samuel Molinaro
Samuel Molinaro
Treasurer and Secretary
<PAGE>
Structured Asset Mortgage Investments, Inc.
FORM 8-K
CURRENT REPORT
Exhibit Index
Exhibit No. Description
(28.18) December 27, 1999 - Information on
Distribution to Certificateholders
<PAGE>
<TABLE>
December 27, 1999 - INFORMATION ON DISTRIBUTION EXHIBIT 28.18
TO CERTIFICATEHOLDERS
Structured Asset Mortgage Investments, Inc
Mortgage Pass-Through Certificates, Series 1998-8
<CAPTION>
<PAGE>
Principal Amt. Ending
Original Outstanding Principal
Certificate Principal Prior to Interest Interest Interest Principal Amount
Class Amount Distribution Rate Accrued Distribution Distribution Outstanding
<S> <C> <C> <C> <C> <C> <C> <C>
PO $ 582,092 $ 539,320 0.00000% $ 0.00 $ 0.00 $ 874.36 $ 538,445.52
1-A-1 99,602,894 67,883,827 7.00000% 395,988.99 395,988.99 474,246.71 67,409,580.07
1-A-2 7,005,000 7,005,000 7.00000% 40,862.50 40,862.50 0.00 7,005,000.00
1-A-3 9,640,000 9,640,000 7.00000% 56,233.33 56,233.33 0.00 9,640,000.00
1-A-4 500,000 500,000 7.00000% 2,916.67 2,916.67 0.00 500,000.00
1-A-5 5,024,100 5,024,100 6.39375% 26,769.03 26,769.03 0.00 5,024,100.00
1-A-6 1,674,700 1,674,700 7.81875% 10,911.72 10,911.72 0.00 1,674,700.00
1-A-7 0 0 0.25000% 1,395.58 1,395.58 0.00 0.00
1-A-8 14,534,000 14,534,000 7.00000% 84,781.67 84,781.67 0.00 14,534,000.15
1-X 0 0 0.31815% 26,555.55 26,555.55 0.00 0.00
2-A-1 10,121,000 10,121,000 6.50000% 54,822.08 54,822.08 0.00 10,121,000.00
2-A-2 3,757,000 3,757,000 6.35000% 19,880.79 19,880.79 0.00 3,757,000.00
2-A-3 7,472,000 7,472,000 6.40000% 39,850.67 39,850.67 0.00 7,472,000.00
2-A-4 0 0 6.75000% 11,468.37 11,468.37 0.00 0.00
2-A-5 5,000,000 3,949,065 6.75000% 22,213.49 22,213.49 119,838.22 3,829,226.63
2-A-6 33,552,000 28,455,175 6.50000% 154,132.20 154,132.20 581,191.38 27,873,983.31
2-A-7 5,809,000 5,809,000 6.75000% 32,675.63 32,675.63 0.00 5,809,000.00
2-A-8 3,866,000 3,866,000 6.75000% 21,746.25 21,746.25 0.00 3,866,000.00
2-A-9 12,105,279 0 6.28750% 0.00 0.00 0.00 0.00
2-A-10 3,138,406 0 8.53412% 0.00 0.00 0.00 0.00
2-A-11 9,952,000 9,952,000 6.75000% 55,980.00 55,980.00 0.00 9,952,000.00
2-X 0 0 0.54779% 35,364.34 35,364.34 0.00 0.00
3-A-1 26,138,000 17,645,300 6.50000% 97,578.71 97,578.71 535,815.71 17,109,484.71
3-A-2 16,619,000 13,083,754 6.50000% 70,870.34 70,870.34 435,384.32 12,648,369.99
3-A-3 13,367,436 13,367,436 6.50000% 72,406.95 72,406.95 0.00 13,367,436.00
3-A-4 6,462,480 6,087,796 6.50000% 32,975.56 32,975.56 23,733.15 6,064,062.44
3-A-5 78,300,000 62,786,211 6.93204% 362,697.17 362,697.17 1,243,473.75 61,542,737.77
3-X 0 0 0.47086% 19,212.29 19,212.29 0.00 0.00
4-A-1 84,943,000 58,630,928 6.75000% 329,798.97 329,798.97 1,552,842.78 57,078,085.42
4-A-2 18,672,000 18,672,000 6.75000% 105,030.00 105,030.00 0.00 18,672,000.00
4-A-3 19,920,950 19,920,950 6.75000% 112,055.34 112,055.34 0.00 19,920,950.00
4-X 0 0 0.96018% 85,736.08 85,736.08 0.00 0.00
R-I 50 0 7.00000% 0.00 0.00 0.00 0.00
R-II 50 0 6.75000% 0.00 0.00 0.00 0.00
R-III 50 0 6.50000% 0.00 0.00 0.00 0.00
R-IV 50 0 6.75000% 0.00 0.00 0.00 0.00
R-V 50 0 7.00000% 0.00 0.00 0.00 0.00
R-VI 50 0 7.00000% 0.53 0.53 0.00 0.00
B-1 5,141,000 5,069,987 6.89841% 29,145.73 29,145.73 4,535.75 5,065,451.35
B-2 2,326,000 2,293,871 6.89841% 13,186.73 13,186.73 2,052.16 2,291,818.68
B-3 1,347,000 1,328,394 6.89841% 7,636.51 7,636.51 1,188.42 1,327,205.40
<PAGE>
December 27, 1999 - INFORMATION ON DISTRIBUTION EXHIBIT 28.18
TO CERTIFICATEHOLDERS
Structured Asset Mortgage Investments, Inc.
Mortgage Pass-Through Certificates, Series 1998-8
<CAPTION>
<PAGE>
Principal Amt. Ending
Original Outstanding Principal
Certificate Principal Prior to Interest Interest Interest Principal Amount
Class Amount Distribution Rate Accrued Distribution Distribution Outstanding
<S> <C> <C> <C> <C> <C> <C> <C>
B-4 $ 1,102,000 $ 1,086,778 6.89841% $ 6,247.54 $ 6,247.54 $ 972.26 $ 1,085,805.76
B-5 734,000 723,861 6.89841% 4,161.25 4,161.25 647.59 723,213.63
B-6 980,595 967,050 6.89841% 5,559.26 5,559.26 865.15 966,184.99
3-B-1 2,180,000 2,052,200 6.73995% 11,526.43 11,526.43 8,088.56 2,044,111.19
3-B-2 726,000 683,439 6.73995% 3,838.62 3,838.62 2,693.71 680,745.28
3-B-3 436,000 410,440 6.73995% 2,305.29 2,305.29 1,617.71 408,822.24
3-B-4 364,000 342,661 6.73995% 1,924.60 1,924.60 1,350.57 341,310.31
3-B-5 291,000 273,940 6.73995% 1,538.62 1,538.62 1,079.71 272,860.71
3-B-6 352,474 342,090 6.73995% 1,921.39 1,921.39 1,348.32 340,741.99
4-B-1 4,821,000 4,759,760 6.75000% 26,773.65 26,773.65 3,927.58 4,755,832.79
4-B-2 2,210,000 2,181,927 6.75000% 12,273.34 12,273.34 1,800.44 2,180,126.63
4-B-3 1,540,000 1,520,438 6.75000% 8,552.46 8,552.46 1,254.61 1,519,183.26
4-B-4 804,000 793,787 6.75000% 4,465.05 4,465.05 655.00 793,132.04
4-B-5 401,000 395,906 6.75000% 2,226.97 2,226.97 326.69 395,579.54
4-B-6 603,571 595,904 6.75000% 3,351.96 3,351.96 491.72 595,412.31
$416,198,996 $2,527,546.23 $2,527,546.23 $5,002,296.33 $411,196,700.11
</TABLE>
