<TABLE>
May 25, 2000 - INFORMATION ON DISTRIBUTION EXHIBIT 28.27
TO CERTIFICATEHOLDERS
Structured Asset Mortgage Investments, Inc
Mortgage Pass-Through Certificates, Series 1998-1
<CAPTION>
<PAGE>
Principal Amt. Ending
Original Outstanding Principal
Certificate Principal Prior to Interest Interest Interest Principal Amount
Class Amount Distribution Rate Accrued Distribution Distribution Outstanding
<S> <C> <C> <C> <C> <C> <C> <C>
A-1 $ 49,765,000 $ 44,494,859 6.15000% $ 228,036.15$ 228,036.15 $ 3,017,993.14 $ 41,476,865.64
A-2 29,066,000 29,066,000 6.15000% 148,963.25 148,963.25 0.00 29,066,000.00
A-3 10,959,000 10,959,000 6.20000% 56,621.50 56,621.50 0.00 10,959,000.00
A-4 54,926,000 54,926,000 6.25000% 286,072.92 286,072.92 0.00 54,926,000.00
A-5 49,041,000 49,041,000 6.35000% 259,508.62 259,508.62 0.00 49,041,000.00
A-6 43,048,000 43,048,000 6.50000% 233,176.67 233,176.67 0.00 43,048,000.00
A-7 5,717,000 5,717,000 6.65000% 31,681.71 31,681.71 0.00 5,717,000.00
A-8 0 0 6.75000% 90,480.89 90,480.89 0.00 0.00
A-9 240,377,000 81,017,914 6.75000% 455,725.77 455,725.77 0.00 81,017,913.79
A-10 41,553,000 41,553,000 6.75000% 233,735.63 233,735.63 0.00 41,553,000.00
A-11 96,678,264 0 7.05625% 0.00 0.00 0.00 0.00
A-12 25,064,736 0 5.56875% 0.00 0.00 0.00 0.00
A-13 8,860,250 8,860,250 7.00000% 51,684.79 51,684.79 0.00 8,860,250.00
A-14 17,426,750 17,426,750 7.00000% 101,656.04 101,656.04 0.00 17,426,750.00
A-15 1,000,000 1,000,000 6.75000% 5,625.00 5,625.00 0.00 1,000,000.00
A-16 1,000,000 1,000,000 7.25000% 6,041.67 6,041.67 0.00 1,000,000.00
A-17 4,041,000 4,041,000 5.00000% 16,837.50 16,837.50 0.00 4,041,000.00
A-18 79,391,221 79,391,221 6.75000% 446,575.62 446,575.62 0.00 79,391,221.00
P 269,679 240,844 0.00000% 0.00 0.00 278.53 240,565.56
X 0 0 0.53342% 225,238.79 225,238.79 0.00 0.00
2-A-1 26,972,970 0 6.40000% 0.00 0.00 0.00 0.00
2-A-2 31,103,944 28,241,116 6.35000% 149,442.57 149,442.57 973,946.59 27,267,169.62
2-A-3 88,152,745 88,152,745 6.50000% 477,494.04 477,494.04 0.00 88,152,745.00
2-A-4 41,525,070 32,234,727 8.94605% 240,326.01 240,326.01 325,434.02 31,909,293.16
2-A-5 23,718,000 23,718,000 7.00212% 138,396.89 138,396.89 0.00 23,718,000.00
2-A-6 41,000,000 41,000,000 7.00212% 239,239.08 239,239.08 0.00 41,000,000.00
2-A-7 19,488,000 19,488,000 7.00212% 113,714.42 113,714.42 0.00 19,488,000.00
2-A-8 31,623,346 31,623,346 7.00212% 184,525.37 184,525.37 0.00 31,623,346.00
3-A 43,636,450 33,309,378 6.70513% 186,119.83 186,119.83 174,082.45 33,135,295.99
R-I 50 0.00 6.75000% 0.00 0.00 0.00 0.00
R-II 50 0.00 6.75000% 0.00 0.00 0.00 0.00
R-III 50 0.00 7.00212% 0.00 0.00 0.00 0.00
R-IV 50 0.00 6.70513% 0.00 0.00 0.00 0.00
B-1 18,656,900 18,237,319 6.75000% 102,584.92 102,584.92 18,073.04 18,219,245.56
B-2 6,748,300 6,596,535 6.75000% 37,105.51 37,105.51 6,537.11 6,589,998.06
B-3 3,572,600 3,492,255 6.75000% 19,643.93 19,643.93 3,460.80 3,488,793.78
B-4 2,778,600 2,716,111 6.75000% 15,278.13 15,278.13 2,691.64 2,713,419.47
B-5 1,984,800 1,940,163 6.75000% 10,913.42 10,913.42 1,922.69 1,938,240.47
B-6 1,984,848 1,940,210 6.75000% 10,913.68 10,913.68 1,922.73 1,938,287.34
<PAGE>
May 25, 2000 - INFORMATION ON DISTRIBUTION EXHIBIT 28.27
TO CERTIFICATEHOLDERS
Structured Asset Mortgage Investments, Inc.
Mortgage Pass-Through Certificates, Series 1998-1
<CAPTION>
<PAGE>
Principal Amt. Ending
Original Outstanding Principal
Certificate Principal Prior to Interest Interest Interest Principal Amount
Class Amount Distribution Rate Accrued Distribution Distribution Outstanding
<S> <C> <C> <C> <C> <C> <C> <C>
2-B-1 $ 5,850,300 $ 5,721,573 7.00212% $ 33,385.95 $ 33,385.95 $ 5,588.45 $ 5,715,984.79
2-B-2 2,688,000 2,628,855 7.00212% 15,339.63 15,339.63 2,567.69 2,626,287.05
2-B-3 1,423,000 1,391,689 7.00212% 8,120.64 8,120.64 1,359.31 1,390,329.79
2-B-4 1,106,800 1,082,446 7.00212% 6,316.18 6,316.18 1,057.26 1,081,389.32
2-B-5 790,600 773,204 7.00212% 4,511.72 4,511.72 755.21 772,448.86
2-B-6 790,639 773,242 7.00212% 4,511.95 4,511.95 755.25 772,487.29
3-B-1 446,400 404,390 6.70513% 2,259.57 2,259.57 1,847.23 402,542.55
3-B-2 156,250 141,545 6.70513% 790.90 790.90 646.57 140,898.91
3-B-3 89,250 80,851 6.70513% 451.76 451.76 369.32 80,481.46
3-B-4 156,250 141,545 6.70513% 790.90 790.90 646.57 140,898.91
3-B-5 66,950 60,649 6.70513% 338.89 338.89 277.04 60,372.36
3-B-6 89,323 80,917 6.70513% 452.13 452.13 369.62 80,547.29
1,154,784,435 817,753,651 $ 4,880,630.55 $ 4,880,630.55 $ 4,542,582.26 $ 813,211,069.02
</TABLE>
