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): February 25, 2000
Structured Asset Mortgage Investments, Inc.
Mortgage Pass-Through certificates, Series 1998-5
(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 Structured Asset
Mortgage Investments, Inc. Mortgage Pass-Through Certificates, Series 1998-5, on
February 25, 2000. The distribution was made pursuant to the provisions of a
Polling and Servicing Agreement dated February 25, 1998, between and among
Structured Asset Mortgage Investments, Inc., as Seller, and Norwest Bank
Minnesota, National Association as Trustee. Complete Certificateholder
report of the underlying Securities may-be obtain from the trustee, Norwest
Bank Minnesota, National Association.
Item 7. Financial Statements and Exhibits.
c) Exhibits.
(28.22) February 25, 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: March 15, 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
(28.22) February 25, 2000 - Information on Distribution to
Certificateholders
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<TABLE>
February 25, 2000 - INFORMATION ON DISTRIBUTION EXHIBIT 28.22
TO CERTIFICATEHOLDERS
Structured Asset Mortgage Investments, Inc.
Mortgage Pass-Through Certificates, Series 1998-5
<CAPTION>
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Beginning Pass Thru Principal Interest Total Ending Cert./
Type Class Cert. Bal. Rate Dist. Amt. Dist. Amt. Dist. Notional Bal.
<S> <C> <C> <C> <C> <C> <C> <C>
Senior A-1 8,068,133 6.51% 222,950 43,771 266,721 7,845,183
A-2 41,691,492 6.51% 1,066,641 226,184 1,292,826 40,624,851
A-3 20,817,062 6.51% 768,447 112,937 881,384 20,048,615
A-4 9,865,250 6.51% 0 53,521 53,521 9,865,250
B-1 605,462 6.51% 4,882 3,285 8,167 600,580
B-2 302,774 6.51% 2,441 1,643 4,084 300,333
B-3 242,202 6.51% 1,953 1,313 3,267 240,249
B-4 121,144 6.51% 977 657 1,634 120,168
B-5 121,058 6.51% 977 657 1,633 120,082
B-6 121,144 6.51% 977 657 1,634 120,168
R-1 0 6.51% 0 0 0 0.00
R-11 0 6.51% 0 0 0 0.00
R-111 0 6.51% 0 0 0 0.00
81,955,722 2,070,244 444,626 2,514,869 79,885,479
</TABLE>
