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): April 25, 2000
Structured Asset Mortgage Investments, Inc.
Mortgage Pass-Through certificates, Series 1998-10
(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
1998-10, on April 25, 2000. The distribution was made pursuant to the
provisions of a Pooling and Servicing Agreement dated November 30, 1998,
between and among Structured Asset Mortgage Investments Inc., as Seller,
Bankers Trust Company of California, N.A., as Trustee, and Liberty Lending
Services, Inc., as Master Servicer.
Item 7. Financial Statements and Exhibits.
c) Exhibits.
(28.17) April 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: May 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
(28.17) April 25, 2000 - Information on
Distribution to Certificateholders
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<TABLE>
April 25, 2000 - INFORMATION ON DISTRIBUTION EXHIBIT 28.17
TO CERTIFICATEHOLDERS
Structured Asset Mortgage Investments, Inc
Mortgage Pass-Through Certificates, Series 1998-10
<CAPTION>
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Principal Amt.
Certificate Face Prior to Interest Principal Total Ending
Class Value Distribution Distributed Distributed Distribution Balance
<S> <C> <C> <C> <C> <C> <C>
A $ 211,895,600 $ 136,722,397 786,154 $ 1,849,968 $ 2,636,122 $ 134,872,428
PO 90,487 76,131 0 230 230 75,900
X(*) 222,864,136 148,653,643 103,616 0 103,616 146,798,559
B-1 6,856,700 6,760,196 38,871 6,510 45,381 6,753,686
B-2 3,999,700 3,943,407 22,674 3,797 26,472 3,939,609
B-3 2,285,600 2,253,432 12,957 2,170 15,127 2,251,262
B-4 1,599,900 1,577,382 9,070 1,519 10,589 1,575,863
B-5 685,700 676,049 3,887 651 4,538 675,398
B-6 1,142,814 1,020,799 5,870 983 6,853 1,019,816
R 100 0 0 0 0 0
$ 228,556,601 $ 153,029,792 $ 983,099 $ 1,865,828 $ 2,848,928 $ 151,163,964
(*) Repeats Notional Balance
</TABLE>
