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May 25, 2000 - INFORMATION ON DISTRIBUTION EXHIBIT 28.17
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 85,421,123 6.00000% 427,105.62 864,844.78 1,291,950.40 84,556,278.52
A-5 56,169,126 2.14768% 416,432.58 (290,406.75) 126,025.83 56,459,532.86
A-6 2,246,764 0.12801% 16,657.30 (11,616.27) 5,041.03 2,258,380.55
A-7 11,184,176 6.98250% 65,077.92 0.00 65,077.92 11,184,175.61
A-8 3,728,059 6.05250% 18,803.40 0.00 18,803.40 3,728,058.54
A-9 2,006,968 6.75000% 11,289.20 (11,289.20) 0.00 2,018,257.53
R-I 0 6.75000% 0.00 0.00 0.00 0.00
R-II 0 6.75000% 0.03 0.00 0.00 0.00
X 0 0.13822% 18,412.27 0.00 18,412.27 0.00
B-1 5,215,357 6.75000% 29,336.38 5,078.23 34,414.61 5,210,278.80
B-2 2,607,678 6.75000% 14,668.19 2,539.12 17,207.31 2,605,139.40
B-3 1,097,991 6.75000% 6,176.20 1,069.12 7,245.32 1,096,921.53
B-4 823,493 6.75000% 4,632.15 801.84 5,433.99 822,691.15
B-5 548,995 6.75000% 3,088.10 534.56 3,622.66 548,460.77
B-6 686,281 6.75000% 3,860.33 668.24 4,528.57 685,613.12
$ 258,252,012 $ 1,478,159.76 $ 562,223.67 $ 2,040,383.43 $257,689,788.38
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