<TABLE>
May 25, 2000 - INFORMATION ON DISTRIBUTION EXHIBIT 28.23
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 $ 520,424 0.00000% $ 0.00 $ 0.00 $ 834.96 $ 519,588.88
1-A-1 99,602,894 64,048,263 7.00000% 373,614.87 373,614.87 632,101.06 63,416,161.72
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 6.95625% 29,124.08 29,124.08 0.00 5,024,100.00
1-A-6 1,674,700 1,674,700 6.13125% 8,556.67 8,556.67 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 0.31703% 25,590.68 25,590.68 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% 10,951.74 10,951.74 0.00 0.00
2-A-5 5,000,000 3,437,739 6.75000% 19,337.28 19,337.28 13,331.88 3,424,407.50
2-A-6 33,552,000 25,975,348 6.50000% 140,699.80 140,699.80 64,656.95 25,910,691.49
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 7.00625% 0.00 0.00 0.00 0.00
2-A-10 3,138,406 0 5.76183% 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 0.54263% 33,670.27 33,670.27 0.00 0.00
3-A-1 26,138,000 15,867,885 6.50000% 85,951.05 85,951.05 310,204.17 15,557,681.08
3-A-2 16,619,000 11,639,492 6.50000% 63,047.25 63,047.25 252,060.60 11,387,430.90
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 5,966,373 6.50000% 32,317.85 32,317.85 25,058.44 5,941,314.73
3-A-5 78,300,000 58,606,529 6.92950% 338,428.05 338,428.05 734,299.36 57,872,229.74
3-X 0 0 0.46972% 17,878.78 17,878.78 0.00 0.00
4-A-1 84,943,000 53,895,856 6.75000% 303,164.19 303,164.19 1,028,892.09 52,866,964.13
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 0.96214% 82,081.18 83,081.18 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% 0.73 0.73 0.00 0.00
B-1 5,141,000 5,046,927 6.89843% 29,013.21 29,013.21 4,745.32 5,042,182.11
B-2 2,326,000 2,283,438 6.89843% 13,126.77 13,126.77 2,146.98 2,281,290.72
B-3 1,347,000 1,322,352 6.89843% 7,601.79 7,601.79 1,243.33 1,321,108.60
<PAGE>
May 25, 2000 - INFORMATION ON DISTRIBUTION EXHIBIT 28.23
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 $ 1,081,835 6.89843% $ 6,219.13 $ 6,219.13 $ 1,017.18 $ 1,080,817.87
B-5 734,000 720,569 6.89843% 4,142.33 4,142.33 677.51 719,891.40
B-6 980,595 962,651 6.89843% 5,533.98 5,533.98 905.12 961,746.62
3-B-1 2,180,000 2,010,822 6.73853% 11,291.66 11,291.66 8,537.54 2,002,285.00
3-B-2 726,000 669,659 6.73853% 3,760.43 3,760.43 2,843.24 666,816.02
3-B-3 436,000 402,164 6.73853% 2,258.33 2,258.33 1,707.51 400,457.00
3-B-4 364,000 335,752 6.73853% 1,885.40 1,885.40 1,425.53 334,326.49
3-B-5 291,000 268,417 6.73853% 1,507.28 1,507.28 1,139.64 267,277.49
3-B-6 352,474 335,193 6.73853% 1,882.26 1,882.26 1,423.16 333,769.80
4-B-1 4,821,000 4,739,770 6.75000% 26,661.21 26,661.21 4,107.09 4,735,663.31
4-B-2 2,210,000 2,172,763 6.75000% 12,221.79 12,221.79 1,882.74 2,170,880.71
4-B-3 1,540,000 1,514,052 6.75000% 8,516.54 8,516.54 1,311.95 1,512,740.41
4-B-4 804,000 790,453 6.75000% 4,446.30 4,446.30 684.94 789,768.37
4-B-5 401,000 394,243 6.75000% 2,217.62 2,217.62 341.62 393,901.89
4-B-6 603,571 593,401 6.75000% 3,337.88 3,337.88 514.19 592,887.17
$396,917,561 $2,410,675.84 $2,410,675.84 $3,098,094.10 $393,819,467.30
</TABLE>
