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 1998-5
(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
December 27, 1999. 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.
(28.20) December 27, 1999 - 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: January 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
(28.20) December 27, 1999 - Information on Distribution to
Certificateholders
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<TABLE>
December 27, 1999 - INFORMATION ON DISTRIBUTION EXHIBIT 28.20
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 8,476,129 6.51% 225,362 45,983 271,346 8,250,767
A-2 43,643,435 6.51% 1,078,181 236,768 1,314,949 42,565,254
A-3 22,223,312 6.51% 776,761 120,563 897,324 21,446,551
A-4 9,865,250 6.51% 0 53,519 53,519 9,865,250
B-1 615,093 6.51% 4,812 3,337 8,149 610,281
B-2 307,591 6.51% 2,406 1,669 4,075 305,184
B-3 246,055 6.51% 1,925 1,335 3,260 244,130
B-4 123,071 6.51% 963 668 1,630 122,108
B-5 122,984 6.51% 962 668 1,629 122,021
B-6 123,071 6.51% 963 668 1,631 122,108
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
85,745,992 2,092,336 465,177 2,557,513 83,653,656
</TABLE>
