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 1998-10
(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 December 27, 1999. 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.
(28.13) 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 14, 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
(28.13) December 27, 1999 - Information on
Distribution to Certificateholders
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<TABLE>
December 27, 1999 - INFORMATION ON DISTRIBUTION EXHIBIT 28.13
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 $ 147,983,998 850,908 $ 2,906,900 $ 3,757,808 $ 145,077,097
PO 90,487 78,304 0 546 546 77,758
X(*) 222,864,136 159,816,143 112,364 0 112,364 156,941,640
B-1 6,856,700 6,788,237 39,032 9,055 48,088 6,779,181
B-2 3,999,700 3,959,764 22,769 5,282 28,051 3,954,481
B-3 2,285,600 2,262,779 13,011 3,018 16,029 2,259,760
B-4 1,599,900 1,583,925 9,108 2,113 11,220 1,581,812
B-5 685,700 678,853 3,903 905 4,809 677,948
B-6 1,142,814 1,131,403 6,506 1,509 8,015 1,115,252
R 100 0 0 0 0 0
$ 228,556,601 $ 164,467,263 $1,057,601 $ 2,929,330 $ 3,986,931 $ 161,523,293
(*) Repeats Notional Balance
</TABLE>
