8-K 1 sam01003.txt MAY 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): May 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 May 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 May 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: 6/1/04 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 May 25, 2004 distribution. EX-99.1

Structured Asset Mortgage Investments Inc. Mortgage Pass-Through Certificates Record Date: 24/2930/~~2004~~04 Distribution Date: 35/25/~~2004~~04 SAM Series: 2001-3 Contact: Customer Service - CTSLink Wells Fargo Bank, 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 8.25000% 2948,~~953,207~~322.2699 206,~~303~~519.3072 1240,~~086,254~~845.1352 A-2 86358HLS6 SEN 8.12500% 2673,~~097,991~~699.0212 144,~~205~~561.1550 ~~771~~171,~~686~~099.9231 M-1 86358HLT4 SUB 7.57000% 3,422,000.00 21,587.12 0.00 M-2 86358HLU1 SUB 8.02000% 2,994,000.00 3420,~~751~~009.3690 0.00 B 86358HLV9 SUB 8.56000% 3,422,000.00 2033,~~505~~560.4234 0.00 C 86358HLW7 OC 0.00000% 35233,~~368~~248.1416 0.0100 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 1411,~~924~~693,~~566~~270.4227 ~~111~~86,~~352~~238.3658 1411,~~857,941~~944.0583

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 1707,~~866,953~~477.1347 1247,~~106,557~~365.4324 0.00 A-2 0.00 1502,~~326,304~~599.1080 ~~785~~175,~~892~~660.0781 0.00 M-1 0.00 3,422,000.00 21,587.12 0.00 M-2 0.00 2,994,000.00 3420,~~751~~009.3690 0.00 B 0.00 3,422,000.00 2033,~~505~~560.4234 0.00 C 0.00 233,~~516~~248.8016 0.0100 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 1311,~~264~~281,~~774~~325.0343 1498,~~969,293~~183.41 102,650.00 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 2948,~~953,207~~322.2699 0.00 1240,~~086,254~~845.1352 0.00 0.00 A-2 66,974,000.00 2673,~~097,991~~699.0212 0.00 ~~771~~171,~~686~~099.9231 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 35233,~~368~~248.1416 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 1411,~~924~~693,~~566~~270.4227 0.00 1411,~~857,941~~944.0583 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 1240,~~086,254~~845.1352 1707,~~866,953~~477.1347 0.~~01980327~~00750440 1240,~~086,254~~845.1352 A-2 ~~771~~171,~~686~~099.9231 1502,~~326,304~~599.1080 0.~~01980327~~00750440 ~~771~~171,~~686~~099.9231 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 0.00 233,~~516~~248.8016 ~~399~~398.~~26274215~~80342640 0.00 R-1 0.00 0.00 0.00000000 0.00 R-2 0.00 0.00 0.00000000 0.00 Totals 1411,~~857,941~~944.0583 1311,~~264~~281,~~774~~325.0343 0.~~07753207~~06593889 1411,~~857,941~~944.0583

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 3110.~~32545489~~05911419 0.00000000 112.~~52218648~~55471249 0.00000000 A-2 66,974,000.00 3110.~~32545495~~05911428 0.00000000 112.~~52218652~~55471243 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 ~~60471~~398803.~~79715150~~42640245 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 112.~~52218648~~55471249 197.~~80326842~~50440170 0.~~01980327~~00750440 112.~~52218648~~55471249 A-2 0.00000000 112.~~52218652~~55471243 197.~~80326843~~50440171 0.~~01980327~~00750440 112.~~52218652~~55471243 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 ~~399~~398,~~262~~803.~~74214783~~42640245 ~~399~~398.~~26274215~~80342640 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 8.25000% 2948,~~953,207~~322.2699 206,~~303~~519.3072 0.00 0.00 A-2 66,974,000.00 8.12500% 2673,~~097,991~~699.0212 144,~~205~~561.1550 0.00 0.00 M-1 3,422,000.00 7.57000% 3,422,000.00 21,587.12 0.00 0.00 M-2 2,994,000.00 8.02000% 2,994,000.00 20,009.90 ~~14,741~~0.4600 0.00 B 3,422,000.00 8.56000% 3,422,000.00 24,410.27 9,150.07 0.00 ~~3,904.85~~ C 584.87 0.00000% 35233,~~368~~248.1416 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 ~~100~~77,~~515~~088.7451 149,~~741~~150.4607 ~~3,904~~0.8500

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 0.00 206,~~303~~519.3072 0.00 1707,~~866,953~~477.1347 A-2 0.00 0.00 144,~~205~~561.1550 0.00 1502,~~326,304~~599.1080 M-1 0.00 0.00 21,587.12 0.00 3,422,000.00 M-2 0.00 0.00 3420,~~751~~009.3690 0.00 2,994,000.00 B 0.00 0.00 2033,~~505~~560.4234 5336,~~249~~274.0226 3,422,000.00 C 0.00 0.00 0.0100 0.00 233,~~516~~248.8016 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 ~~111~~86,~~352~~238.3658 5336,~~249~~274.0226 (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 8.25000% 3110.~~32545489~~05911419 0.~~21536250~~06915640 0.00000000 0.00000000 A-2 66,974,000.00 8.12500% 3110.~~32545495~~05911428 0.~~21209947~~06810852 0.00000000 0.00000000 M-1 3,422,000.00 7.57000% 1000.00000000 6.30833431 0.00000000 0.00000000 M-2 2,994,000.00 8.02000% 1000.00000000 6.68333333 40.~~92366733~~00000000 0.00000000 B 3,422,000.00 8.56000% 1000.00000000 7.13333431 2.67389538 0.00000000 ~~1.14110169~~ C 584.87 0.00000% ~~60471~~398803.~~79715150~~42640245 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.~~21536250~~06915640 0.00000000 197.~~80326842~~50440170 A-2 0.00000000 0.00000000 0.~~21209947~~06810852 0.00000000 197.~~80326843~~50440171 M-1 0.00000000 0.00000000 6.30833431 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 116.~~60700067~~68333333 0.00000000 1000.00000000 B 0.00000000 0.00000000 59.~~99223261~~80722969 1510.~~56078901~~60030976 1000.00000000 C 0.00000000 0.00000000 0.~~01709782~~00000000 0.00000000 ~~399262~~398803.~~74214783~~42640245 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 1508,~~781,498~~617.5942 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 4635,~~669~~033.6757 Realized Loss (Gains, Subsequent Expenses & Recoveries) ~~198,148~~0.6600 Prepayment Penalties 0.00 Total Deposits 2543,~~026,316~~650.9299 Withdrawals Reimbursement for Servicer Advances 5040,~~661~~483.9133 Payment of Service Fee 64,~~361~~984.6025 Payment of Interest and Principal 1498,~~969,293~~183.41 Total Withdrawals (Pool Distribution Amount) 2543,~~026,316~~650.9299 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 64,~~218~~872.5719 Special Servicing Fee 0.00 Trustee Fee ~~143~~112.0306 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 64,~~361~~984.6025

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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 76 0 0 0 76 1,~~135~~324,~~055~~805.1604 0.00 0.00 0.00 1,~~135~~324,~~055~~805.1604 60 Days 54 0 0 0 54 1720,~~416,426~~365.4535 0.00 0.00 0.00 1720,~~416,426~~365.4535 90 Days 1 0 0 0 1 ~~501~~392,~~637~~042.1142 0.00 0.00 0.00 ~~501~~392,~~637~~042.1142 120 Days 01 0 0 0 01 0272,785.0077 0.00 0.00 0.00 0272,785.0077 150 Days 21 0 0 0 21 ~~341~~234,~~368~~477.1030 0.00 0.00 0.00 ~~341~~234,~~368~~477.1030 180+ Days 86 0 0 0 86 21,~~197~~086,~~360~~505.9041 0.00 0.00 0.00 21,~~197~~086,~~360~~505.9041 Totals 2319 0 0 0 2319 54,~~591~~030,~~847~~981.7229 0.00 0.00 0.00 54,~~591~~030,~~847~~981.7229 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 10.~~769231~~344828% 0.000000% 0.000000% 0.000000% 10.~~769231~~344828% 811.~~556913~~743346% 0.000000% 0.000000% 0.000000% 811.~~556913~~743346% 60 Days 76.~~692308~~896552% 0.000000% 0.000000% 0.000000% 76.~~692308~~896552% 106.~~678105~~385467% 0.000000% 0.000000% 0.000000% 106.~~678105~~385467% 90 Days 1.~~538462~~724138% 0.000000% 0.000000% 0.000000% 1.~~538462~~724138% 3.~~781724~~475145% 0.000000% 0.000000% 0.000000% 3.~~781724~~475145% 120 Days 01.~~000000~~724138% 0.000000% 0.000000% 0.000000% 01.~~000000~~724138% 02.~~000000~~418029% 0.000000% 0.000000% 0.000000% 02.~~000000~~418029% 150 Days 31.~~076923~~724138% 0.000000% 0.000000% 0.000000% 31.~~076923~~724138% 2.~~573494~~078455% 0.000000% 0.000000% 0.000000% 2.~~573494~~078455% 180+ ~~Days12~~Days10.~~307692~~344828% 0.000000% 0.000000% 0.000000% 1210.~~307692~~344828% 169.~~565385~~631008% 0.000000% 0.000000% 0.000000% 169.~~565385~~631008% Totals 3532.~~384615~~758621% 0.000000% 0.000000% 0.000000% 3532.~~384615~~758621% 4235.~~155620~~731451% 0.000000% 0.000000% 0.000000% 4235.~~155620~~731451%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 4635,~~669~~033.6757

COLLATERAL STATEMENT Collateral Description Fixed 30 Year Weighted Average Gross Coupon 9.~~464713~~361572% Weighted Average Net Coupon 8.~~964713~~861573% Weighted Average Pass-Through Rate 8.~~953213~~850072% Weighted Average Maturity(Stepdown Calculation ) ~~282~~280 Beginning Scheduled Collateral Loan Count 7260 Number Of Loans Paid In Full 72 Ending Scheduled Collateral Loan Count 6558 Beginning Scheduled Collateral Balance 1411,~~924~~693,~~566~~270.4226 Ending Scheduled Collateral Balance 1311,~~264~~281,~~774~~325.0342 Ending Actual Collateral Balance at 2930-~~Feb~~Apr-2004 1311,~~264~~281,~~774~~325.0342 Monthly P &I Constant ~~130~~101,~~266~~842.2108 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount ~~(198,148~~0.~~66)~~00 Cumulative Realized Loss 1,~~534~~535,~~931~~199.3397 Ending Scheduled Balance for Premium Loans 1311,~~264~~281,~~774~~325.0342 Scheduled Principal 1210,~~552~~619.2625 Unscheduled Principal 1401,~~647,240~~325.1359 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 855,437.92 Overcollateralized Amount 233,~~516~~248.8015 Overcollateralized Deficiency Amount ~~621~~622,~~921~~189.1277 Base Overcollateralized Amount 0.00

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