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November 27, 2000 - INFORMATION ON DISTRIBUTION EXHIBIT 28.23
TO CERTIFICATEHOLDERS
Structured Asset Mortgage Investments, Inc
Mortgage Pass-Through Certificates, Series 1998-12
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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>
A-1 $ 11,195,000 6.00000% $ 55,975.00 $ 0.00 $ 55,975.00 $ 11,195,000.00
A-2 20,107,000 6.05000% 101,372.79 0.00 101,372.79 20,107,000.00
A-3 55,214,000 6.20000% 285,272.33 0.00 285,272.33 55,214,000.00
A-4 73,353,383 6.00000% 366,766.92 2,127,635.69 2,494,402.61 71,225,747.38
A-5 57,852,821 2.22217% 418,254.27 (289,930.78) 128,323.49 58,142,752.21
A-6 2,314,112 0.12905% 16,730.17 (11,597.24) 5,132.93 2,325,709.36
A-7 11,184,176 7.46875% 69,609.84 0.00 69,609.84 11,184,175.61
A-8 3,728,059 4.59375% 14,271.47 0.00 14,271.47 3,728,058.54
A-9 2,075,663 6.75000% 11,675.61 (11,675.61) 0.00 2,087,338.82
R-I 0 6.75000% 0.00 0.00 0.00 0.00
R-II 0 6.75000% 0.00 0.00 0.00 0.00
X 0 0.13842% 17,607.93 0.00 17,607.93 0.00
B-1 5,184,285 6.75000% 29,161.60 5,324.78 34,486.38 5,178,959.88
B-2 2,592,142 6.75000% 14,580.80 2,662.39 17,243.19 2,589,479.94
B-3 1,091,449 6.75000% 6,139.40 1,121.03 7,260.43 1,090,327.95
B-4 818,587 6.75000% 4,604.55 840.77 5,445.32 817,745.96
B-5 545,724 6.75000% 3,069.70 560.51 3,630.21 545,163.97
B-6 682,193 6.75000% 3,837.33 700.68 4,538.01 681,491.91
$ 247,938,594 $ 1,418,929.71 $1,825,642.22 $ 3,244,571.93 $246,112,951.53
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