8-K 1 sam01003.txt OCTOBER 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 27, 2003 STRUCTURED ASSET MORTGAGE INVESTMENTS INC. Mortgage Pass-Through Certificates, Series 2001-3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 033-44658-28 52-2267484 Pooling and Servicing Agreement) (Commission 52-2267485 (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank Minnesota, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) ITEM 5. Other Events On October 27, 2003 a distribution was made to holders of STRUCTURED ASSET MORTGAGE INVESTMENTS INC., Mortgage Pass-Through Certificates, Series 2001-3 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2001-3 Trust, relating to the October 27, 2003 distribution. 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 hereunto duly authorized. STRUCTURED ASSET MORTGAGE INVESTMENTS INC. Mortgage Pass-Through Certificates, Series 2001-3 Trust By: Wells Fargo Bank Minnesota, N.A., as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 10/30/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2001-3 Trust, relating to the October 27, 2003 distribution. EX-99.1

Structured Asset Mortgage Investments Inc. Mortgage Pass-Through Certificates Record Date: 89/3130/03 Distribution Date: 910/2527/03 SAM Series: 2001-3 Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A-1 86358HLR8 SEN 7.75000% 87,~~662~~552,~~181~~784.2250 5548,~~943~~778.2540 1,~~109~~641,~~396~~078.7260 A-2 86358HLS6 SEN 7.62500% 65,~~153~~365,~~709~~581.0943 3934,~~101~~093.6980 ~~788~~1,~~127~~165,840.6734 M-1 86358HLT4 SUB 7.07000% 3,422,000.00 20,161.28 0.00 M-2 86358HLU1 SUB 7.52000% 2,994,000.00 18,762.40 0.00 B 86358HLV9 SUB 8.06000% 3,422,000.00 22,984.43 0.00 C 86358HLW7 OC 0.00000% ~~216~~268,~~851~~991.3472 0.00 0.00 R-1 SAM0101R1 RES 0.00000% 0.00 0.00 0.00 R-2 SAM0101R2 RES 0.00000% 0.00 0.00 0.00 Totals 2423,~~870~~025,~~741~~357.65 ~~156~~144,~~953~~780.0531 12,~~897~~806,~~524~~918.3994

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 75,~~552~~911,~~784~~705.5090 1,~~165~~689,~~339~~857.9700 0.00 A-2 0.00 54,~~365~~199,~~581~~741.4308 ~~827~~1,~~229~~199,934.3614 0.00 M-1 0.00 3,422,000.00 20,161.28 0.00 M-2 0.00 2,994,000.00 18,762.40 0.00 B 0.00 3,422,000.00 22,984.43 0.00 C 0.00 ~~268~~285,~~991~~491.7293 0.00 102,650.00 R-1 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 Totals 0.00 2320,~~025~~234,~~357~~938.6591 2,~~054~~951,~~477~~699.4425 102,650.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A-1 94,275,000.00 87,~~662~~552,~~181~~784.2250 0.00 1,~~109~~641,~~396~~078.7260 0.00 0.00 A-2 66,974,000.00 65,~~153~~365,~~709~~581.0943 0.00 ~~788~~1,~~127~~165,840.6734 0.00 0.00 M-1 3,422,000.00 3,422,000.00 0.00 0.00 0.00 0.00 M-2 2,994,000.00 2,994,000.00 0.00 0.00 0.00 0.00 B 3,422,000.00 3,422,000.00 0.00 0.00 0.00 0.00 C 584.87 ~~216~~268,~~851~~991.3472 0.00 0.00 0.00 0.00 R-1 0.00 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 0.00 Totals 171,087,584.87 2423,~~870~~025,~~741~~357.65 0.00 12,~~897~~806,~~524~~918.3994 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A-1 1,~~109~~641,~~396~~078.7260 75,~~552~~911,~~784~~705.5090 0.~~08011439~~06270704 1,~~109~~641,~~396~~078.7260 A-2 ~~788~~1,~~127~~165,840.6734 54,~~365~~199,~~581~~741.4308 0.~~08011439~~06270704 ~~788~~1,~~127~~165,840.6734 M-1 0.00 3,422,000.00 1.00000000 0.00 M-2 0.00 2,994,000.00 1.00000000 0.00 B 0.00 3,422,000.00 1.00000000 0.00 C 0.00 ~~268~~285,~~991~~491.7293 ~~459~~488.~~91710979~~12886624 0.00 R-1 0.00 0.00 0.00000000 0.00 R-2 0.00 0.00 0.00000000 0.00 Totals 12,~~897~~806,~~524~~918.3994 2320,~~025~~234,~~357~~938.6591 0.~~13458228~~11827240 12,~~897~~806,~~524~~918.3994

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 94,275,000.00 9180.~~88206014~~11439406 0.00000000 1117.~~76766608~~40735720 0.00000000 A-2 66,974,000.00 9180.~~88206005~~11439409 0.00000000 1117.~~76766611~~40735718 0.00000000 M-1 3,422,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 2,994,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 3,422,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 C 584.87 ~~370768~~459917.~~44426967~~10978508 0.00000000 0.00000000 0.00000000 R-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All classes are per $1000 denomination

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-1 0.00000000 1117.~~76766608~~40735720 8062.~~11439406~~70703686 0.~~08011439~~06270704 1117.~~76766608~~40735720 A-2 0.00000000 1117.~~76766611~~40735718 8062.~~11439409~~70703676 0.~~08011439~~06270704 1117.~~76766611~~40735718 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 C 0.00000000 0.00000000 ~~459~~488,~~917~~128.~~10978508~~86624378 ~~459~~488.~~91710979~~12886624 0.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, ~~Bankrupcy~~Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A-1 94,275,000.00 7.75000% 87,~~662~~552,~~181~~784.2250 5548,~~943~~778.2540 0.00 0.00 A-2 66,974,000.00 7.62500% 65,~~153~~365,~~709~~581.0943 3934,~~101~~093.6980 0.00 0.00 M-1 3,422,000.00 7.07000% 3,422,000.00 20,161.28 0.00 0.00 M-2 2,994,000.00 7.52000% 2,994,000.00 18,762.40 0.00 0.00 B 3,422,000.00 8.06000% 3,422,000.00 22,984.43 0.00 0.00 C 584.87 0.00000% ~~216~~268,~~851~~991.3472 0.00 0.00 0.00 R-1 0.00 0.00000% 0.00 0.00 0.00 0.00 R-2 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 171,087,584.87 ~~156~~144,~~953~~780.0531 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A-1 0.00 0.00 5548,~~943~~778.2540 0.00 75,~~552~~911,~~784~~705.5090 A-2 0.00 0.00 3934,~~101~~093.6980 0.00 54,~~365~~199,~~581~~741.4308 M-1 0.00 0.00 20,161.28 0.00 3,422,000.00 M-2 0.00 0.00 18,762.40 0.00 2,994,000.00 B 0.00 0.00 22,984.43 0.00 3,422,000.00 C 0.00 0.00 0.00 0.00 ~~268~~285,~~991~~491.7293 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 ~~156~~144,~~953~~780.0531 0.00 (4) Amount Does Not Include Excess Special Hazard, ~~Bankrupcy~~Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A-1 94,275,000.00 7.75000% 9180.~~88206014~~11439406 0.~~59340493~~51740546 0.00000000 0.00000000 A-2 66,974,000.00 7.62500% 9180.~~88206005~~11439409 0.~~58383388~~50906023 0.00000000 0.00000000 M-1 3,422,000.00 7.07000% 1000.00000000 5.89166569 0.00000000 0.00000000 M-2 2,994,000.00 7.52000% 1000.00000000 6.26666667 0.00000000 0.00000000 B 3,422,000.00 8.06000% 1000.00000000 6.71666569 0.00000000 0.00000000 C 584.87 0.00000% ~~370768~~459917.~~44426967~~10978508 0.00000000 0.00000000 0.00000000 R-1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All classes are per $1000 denomination

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A-1 0.00000000 0.00000000 0.~~59340493~~51740546 0.00000000 8062.~~11439406~~70703686 A-2 0.00000000 0.00000000 0.~~58383388~~50906023 0.00000000 8062.~~11439409~~70703676 M-1 0.00000000 0.00000000 5.89166569 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 6.26666667 0.00000000 1000.00000000 B 0.00000000 0.00000000 6.71666569 0.00000000 1000.00000000 C 0.00000000 0.00000000 0.00000000 0.00000000 ~~459917~~488128.~~10978508~~86624378 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, ~~Bankrupcy~~Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 2,~~038~~979,~~427~~588.4280 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 7970,~~999~~477.4901 Realized Loss (Gains, Subsequent Expenses & Recoveries) 25(8,~~487~~552.6953) Prepayment Penalties 0.00 Total Deposits 23,~~143~~041,~~914~~513.6028 Withdrawals Reimbursement for Servicer Advances 7879,~~836~~999.0249 Payment of Service Fee 109,~~601~~814.1454 Payment of Interest and Principal 2,~~054~~951,~~477~~699.4425 Total Withdrawals (Pool Distribution Amount) 23,~~143~~041,~~914~~513.6028 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 109,~~362~~593.8089 Special Servicing Fee 0.00 Trustee Fee ~~238~~220.3465 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 109,~~601~~814.1454

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 21 0 0 21 ~~483~~337,~~212~~836.7898 0.00 0.00 ~~483~~337,~~212~~836.7898 30 Days 1210 0 0 0 1210 2,~~993~~278,~~436~~987.6378 0.00 0.00 0.00 2,~~993~~278,~~436~~987.6378 60 Days 54 0 0 0 54 1844,~~028,099~~161.3121 0.00 0.00 0.00 1844,~~028,099~~161.3121 90 Days 02 0 0 0 02 0457,205.0034 0.00 0.00 0.00 0457,205.0034 120 Days 0 10 10 0 20 0.00 ~~289,444~~0.3700 ~~503,735~~0.9800 0.00 ~~793,180~~0.3500 150 Days 0 01 1 0 12 0.00 0289,257.0080 ~~413~~503,~~486~~392.8285 0.00 ~~413~~792,~~486~~650.8265 180+ Days 0 2 75 89 1716 0.00 ~~874~~873,~~379~~901.2204 1,~~464~~323,~~246~~450.0662 1,~~952~~989,~~857~~744.5676 4,~~291~~187,~~482~~096.8442 Totals 1716 54 6 9 835 ~~39 4~~3,~~021~~580,~~535~~354.9433 1,~~647~~500,~~036~~995.3782 21,~~381~~826,~~468~~843.8647 1,~~952~~989,~~857~~744.5676 108,~~002~~897,~~898~~938.7338 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 21.~~000000~~075269% 0.000000% 0.000000% 21.~~000000~~075269% 21.~~098611~~669573% 0.000000% 0.000000% 21.~~098611~~669573% 30 Days 1210.~~000000~~752688% 0.000000% 0.000000% 0.000000% 1210.~~000000~~752688% 1311.~~000609~~262637% 0.000000% 0.000000% 0.000000% 1311.~~000609~~262637% 60 Days 54.~~000000~~301075% 0.000000% 0.000000% 0.000000% 54.~~000000~~301075% 4.~~465074~~171800% 0.000000% 0.000000% 0.000000% 4.~~465074~~171800% 90 Days 02.~~000000~~150538% 0.000000% 0.000000% 0.000000% 02.~~000000~~150538% 02.~~000000~~259485% 0.000000% 0.000000% 0.000000% 02.~~000000~~259485% 120 Days 0.000000% 10.000000% 10.000000% 0.000000% 20.000000% 0.000000% 10.~~257068~~000000% 20.~~187744~~000000% 0.000000% 30.~~444812~~000000% 150 Days 0.000000% 01.~~000000~~075269% 1.~~000000~~075269% 0.000000% 12.~~000000~~150538% 0.000000% 01.~~000000~~429497% 12.~~795789~~487741% 0.000000% 13.~~795789~~917238% 180+ Days 0.000000% 2.~~000000~~150538% 75.~~000000~~376344% 89.~~000000~~677419% 17.~~000000~~204301% 0.000000% 34.~~797462~~318773% 6.~~359276~~540423% 89.~~481334~~833214% 1820.~~638072~~692409% Totals 17.~~000000~~204301% 54.~~000000~~301075% 96.~~000000~~451613% 89.~~000000~~677419% 3937.~~000000~~634409% 17.~~465683~~693922% 7.~~153141~~417842% 109.~~342809~~028164% 89.~~481334~~833214% 43.~~442968~~973142%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 7970,~~999~~477.4901

COLLATERAL STATEMENT Collateral Description Fixed 30 Year Weighted Average Gross Coupon 9.~~370380~~362596% Weighted Average Net Coupon 8.~~870381~~862597% Weighted Average Pass-Through Rate 8.~~858880~~851096% Weighted Average Maturity(Stepdown Calculation ) ~~288~~287 Beginning Scheduled Collateral Loan Count ~~106~~100 Number Of Loans Paid In Full 67 Ending Scheduled Collateral Loan Count ~~100~~93 Beginning Scheduled Collateral Balance 2423,~~870~~025,~~741~~357.65 Ending Scheduled Collateral Balance 2320,~~025~~234,~~357~~938.6591 Ending Actual Collateral Balance at 3130-~~Aug~~Sep-2003 2320,~~025~~234,~~357~~938.6591 Monthly P &I Constant ~~212~~197,~~958~~332.2413 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount ~~(25~~8,~~487~~552.~~69)~~53 Cumulative Realized Loss 1,~~341~~349,~~167~~719.2073 Ending Scheduled Balance for Premium Loans 2320,~~025~~234,~~357~~938.6591 Scheduled Principal 1817,~~751~~684.3252 Unscheduled Principal 12,~~826~~772,~~632~~734.6822 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 2625,~~652~~052.7074 Overcollateralized reduction Amount 0.00 Specified O/C Amount 855,437.92 Overcollateralized Amount ~~268~~285,~~991~~491.7293 Overcollateralized Deficiency Amount ~~586~~569,~~446~~945.2098 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 2625,~~652~~052.7074

Filing Compare · STRUCTURED ASSET MORTGAGE INV INC MOR PAS-THR CER SER 2001-3