8-K 1 sam01003.txt MARCH 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): March 25, 2004 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, 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 March 25, 2004 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 March 25, 2004 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, N.A. as Trustee By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 4/5/2004 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 March 25, 2004 distribution. EX-99.1

Structured Asset Mortgage Investments Inc. Mortgage Pass-Through Certificates Record Date: 112/3029/032004 Distribution Date: 123/2625/032004 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 78.~~75000~~25000% 42,~~799~~953,~~989~~207.4326 3020,~~999~~303.9330 1,~~366~~086,~~601~~254.2513 A-2 86358HLS6 SEN 78.~~62500~~12500% 32,~~409~~097,~~965~~991.4402 2114,~~667~~205.4915 ~~970~~771,~~848~~686.6092 M-1 86358HLT4 SUB 7.~~07000~~57000% 3,422,000.00 2021,~~161~~587.2812 0.00 M-2 86358HLU1 SUB 78.~~52000~~02000% 2,994,000.00 1834,~~762~~751.4036 0.00 B 86358HLV9 SUB 8.~~06000~~56000% 3,422,000.00 2220,~~984~~505.4342 0.00 C 86358HLW7 OC 0.00000% ~~308~~35,~~483~~368.2514 0.0001 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 1814,~~356~~924,~~438~~566.1242 ~~114~~111,~~575~~352.5336 21,~~337~~857,~~449~~941.8505

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 31,~~433~~866,~~388~~953.1813 1,~~397~~106,~~601~~557.1843 0.00 A-2 0.00 21,~~439~~326,~~116~~304.8410 ~~992~~785,~~516~~892.0907 0.00 M-1 0.00 3,422,000.00 2021,~~161~~587.2812 0.00 M-2 0.00 2,994,000.00 1834,~~762~~751.4036 0.00 B 0.00 3,422,000.00 2220,~~984~~505.4342 0.00 C 0.00 ~~329~~233,~~999~~516.1980 0.0001 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 1613,~~040~~264,~~504~~774.2103 21,~~452~~969,~~025~~293.3841 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 42,~~799~~953,~~989~~207.4326 0.00 1,~~366~~086,~~601~~254.2513 0.00 0.00 A-2 66,974,000.00 32,~~409~~097,~~965~~991.4402 0.00 ~~970~~771,~~848~~686.6092 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 ~~308~~35,~~483~~368.2514 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 1814,~~356~~924,~~438~~566.1242 0.00 21,~~337~~857,~~449~~941.8505 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,~~366~~086,~~601~~254.2513 31,~~433~~866,~~388~~953.1813 0.~~03641886~~01980327 1,~~366~~086,~~601~~254.2513 A-2 ~~970~~771,~~848~~686.6092 21,~~439~~326,~~116~~304.8410 0.~~03641886~~01980327 ~~970~~771,~~848~~686.6092 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 ~~329~~233,~~999~~516.1980 ~~564~~399.~~22656317~~26274215 0.00 R-1 0.00 0.00 0.00000000 0.00 R-2 0.00 0.00 0.00000000 0.00 Totals 21,~~337~~857,~~449~~941.8505 1613,~~040~~264,~~504~~774.2103 0.~~09375610~~07753207 21,~~337~~857,~~449~~941.8505

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 5031.~~91476457~~32545489 0.00000000 1411.~~49590294~~52218648 0.00000000 A-2 66,974,000.00 5031.~~91476454~~32545495 0.00000000 1411.~~49590289~~52218652 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 ~~527439~~60471.~~00353925~~79715150 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 1411.~~49590294~~52218648 3619.~~41886163~~80326842 0.~~03641886~~01980327 1411.~~49590294~~52218648 A-2 0.00000000 1411.~~49590289~~52218652 3619.~~41886165~~80326843 0.~~03641886~~01980327 1411.~~49590289~~52218652 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 ~~564~~399,~~226~~262.~~56316788~~74214783 ~~564~~399.~~22656317~~26274215 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, 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 78.~~75000~~25000% 42,~~799~~953,~~989~~207.4326 3020,~~999~~303.9330 0.00 0.00 A-2 66,974,000.00 78.~~62500~~12500% 32,~~409~~097,~~965~~991.4402 2114,~~667~~205.4915 0.00 0.00 M-1 3,422,000.00 7.~~07000~~57000% 3,422,000.00 2021,~~161~~587.2812 0.00 0.00 M-2 2,994,000.00 78.~~52000~~02000% 2,994,000.00 1820,~~762~~009.4090 014,741.0046 0.00 B 3,422,000.00 8.~~06000~~56000% 3,422,000.00 2224,~~984~~410.4327 0.00 03,904.0085 C 584.87 0.00000% ~~308~~35,~~483~~368.2514 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 ~~114~~100,~~575~~515.5374 014,741.0046 03,904.0085

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 3020,~~999~~303.9330 0.00 31,~~433~~866,~~388~~953.1813 A-2 0.00 0.00 2114,~~667~~205.4915 0.00 21,~~439~~326,~~116~~304.8410 M-1 0.00 0.00 2021,~~161~~587.2812 0.00 3,422,000.00 M-2 0.00 0.00 1834,~~762~~751.4036 0.00 2,994,000.00 B 0.00 0.00 2220,~~984~~505.4342 053,249.0002 3,422,000.00 C 0.00 0.00 0.0001 0.00 ~~329~~233,~~999~~516.1980 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 ~~114~~111,~~575~~352.5336 053,249.0002 (4) Amount Does Not Include Excess Special Hazard, 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 78.~~75000~~25000% 5031.~~91476457~~32545489 0.~~32882450~~21536250 0.00000000 0.00000000 A-2 66,974,000.00 78.~~62500~~12500% 5031.~~91476454~~32545495 0.~~32352092~~21209947 0.00000000 0.00000000 M-1 3,422,000.00 7.~~07000~~57000% 1000.00000000 56.~~89166569~~30833431 0.00000000 0.00000000 M-2 2,994,000.00 78.~~52000~~02000% 1000.00000000 6.~~26666667~~68333333 04.~~00000000~~92366733 0.00000000 B 3,422,000.00 8.~~06000~~56000% 1000.00000000 67.~~71666569~~13333431 0.00000000 01.~~00000000~~14110169 C 584.87 0.00000% ~~527439~~60471.~~00353925~~79715150 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.~~32882450~~21536250 0.00000000 3619.~~41886163~~80326842 A-2 0.00000000 0.00000000 0.~~32352092~~21209947 0.00000000 3619.~~41886165~~80326843 M-1 0.00000000 0.00000000 56.~~89166569~~30833431 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 611.~~26666667~~60700067 0.00000000 1000.00000000 B 0.00000000 0.00000000 65.~~71666569~~99223261 015.~~00000000~~56078901 1000.00000000 C 0.00000000 0.00000000 0.~~00000000~~01709782 0.00000000 ~~564226~~399262.~~56316788~~74214783 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, 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 21,~~467~~781,~~698~~498.0159 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 5146,~~196~~669.4067 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0198,148.0066 Prepayment Penalties 0.00 Total Deposits 2,~~518~~026,~~894~~316.4192 Withdrawals Reimbursement for Servicer Advances 5950,~~044~~661.6091 Payment of Service Fee 76,~~824~~361.4360 Payment of Interest and Principal 21,~~452~~969,~~025~~293.3841 Total Withdrawals (Pool Distribution Amount) 2,~~518~~026,~~894~~316.4192 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 76,~~648~~218.5257 Special Servicing Fee 0.00 Trustee Fee ~~175~~143.9103 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 76,~~824~~361.4360

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 10 0 0 10 ~~337,338~~0.3800 0.00 0.00 ~~337,338~~0.3800 30 Days 7 0 0 0 7 1,~~518~~135,~~540~~055.5316 0.00 0.00 0.00 1,~~518~~135,~~540~~055.5316 60 Days 35 0 0 0 35 ~~633~~1,~~564~~416,426.5245 0.00 0.00 0.00 ~~633~~1,~~564~~416,426.5245 90 Days 1 0 0 2 0 21 501,637.11 0.00 0.00 ~~436,185.13~~ 0.00 ~~436~~501,~~185~~637.1311 120 Days 0 0 10 0 10 0.00 0.00 ~~273,646~~0.7900 0.00 ~~273,646~~0.7900 150 Days 2 0 0 2 0 2 341,368.10 0.00 0.00 ~~378,932.35~~ 0.00 ~~378~~341,~~932~~368.3510 180+ Days 8 0 10 50 58 112,197,360.90 0.00 ~~747,594~~0.5400 ~~1,211,864~~0.4600 ~~907,054.81~~ 2,~~866~~197,~~513~~360.8190 Totals 1023 20 100 50 2723 25,~~152~~591,~~105~~847.0572 ~~1,084,932~~0.9200 ~~2,300,628~~0.7300 ~~907,054~~0.8100 65,~~444~~591,~~721~~847.5172 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 10.~~265823~~000000% 0.000000% 0.000000% 10.~~265823~~000000% 20.~~103041~~000000% 0.000000% 0.000000% 20.~~103041~~000000% 30 Days 810.~~860759~~769231% 0.000000% 0.000000% 0.000000% 810.~~860759~~769231% 98.~~466913~~556913% 0.000000% 0.000000% 0.000000% 98.~~466913~~556913% 60 Days 37.~~797468~~692308% 0.000000% 0.000000% 0.000000% 37.~~797468~~692308% 310.~~949779~~678105% 0.000000% 0.000000% 0.000000% 310.~~949779~~678105% 90 Days 01.~~000000~~538462% 0.000000% 20.~~531646~~000000% 0.000000% 21.~~531646~~538462% 03.~~000000~~781724% 0.000000% 20.~~719273~~000000% 0.000000% 23.~~719273~~781724% 120 Days 0.000000% 0.000000% 10.~~265823~~000000% 0.000000% 10.~~265823~~000000% 0.000000% 0.000000% 10.~~705974~~000000% 0.000000% 10.~~705974~~000000% 150 Days 03.~~000000~~076923% 0.000000% 20.~~531646~~000000% 0.000000% 3.076923% 2.~~531646~~573494% 0.000000% 0.000000% ~~2.362347%~~ 0.000000% 2.~~362347~~573494% 180+ ~~Days~~Days12.307692% 0.000000% 10.~~265823~~000000% 60.~~329114~~000000% 612.~~329114~~307692% 1316.~~924051~~565385% 0.000000% 40.~~660667~~000000% 70.~~555027~~000000% 516.~~654777~~565385% ~~17.870472%~~ Totals 1235.~~658228~~384615% 20.~~531646~~000000% 120.~~658228~~000000% 60.~~329114~~000000% 3435.~~177215~~384615% 1342.~~416692~~155620% 60.~~763708~~000000% 140.~~342621~~000000% 50.~~654777~~000000% 4042.~~177799~~155620%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 5146,~~196~~669.4067

COLLATERAL STATEMENT Collateral Description Fixed 30 Year Weighted Average Gross Coupon 9.~~408094~~464713% Weighted Average Net Coupon 8.~~908094~~964713% Weighted Average Pass-Through Rate 8.~~896594~~953213% Weighted Average Maturity(Stepdown Calculation ) ~~285~~282 Beginning Scheduled Collateral Loan Count 8772 Number Of Loans Paid In Full 87 Ending Scheduled Collateral Loan Count 7965 Beginning Scheduled Collateral Balance 1814,~~356~~924,~~438~~566.1242 Ending Scheduled Collateral Balance 1613,~~040~~264,~~504~~774.2003 Ending Actual Collateral Balance at 3029-~~Nov~~Feb-~~2003~~2004 1613,~~040~~264,~~504~~774.2003 Monthly P &I Constant ~~158~~130,~~615~~266.8521 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0(198,148.0066) Cumulative Realized Loss 1,~~349~~534,~~719~~931.7333 Ending Scheduled Balance for Premium Loans 1613,~~040~~264,~~504~~774.2003 Scheduled Principal 1412,~~699~~552.9426 Unscheduled Principal 21,~~301~~647,~~233~~240.9813 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount ~~21,515~~0.9400 Overcollateralized reduction Amount 0.00 Specified O/C Amount 855,437.92 Overcollateralized Amount ~~329~~233,~~999~~516.1980 Overcollateralized Deficiency Amount ~~546~~621,~~954~~921.6712 Base Overcollateralized Amount 0.00 ~~Extra principal distribution Amount 0.00 Excess Cash Amount 21,515.94~~

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