Item 1. Business
Omitted.
Item 2.
Item 2. Properties
See Item 14(a), Exhibits 99.1, 99.2, and 99.3, for information provided in lieu of information required in lieu of information required by Item 102 of Regulation S-K.
Item 3.
Item 3. Legal Proceedings
The registrant knows of no material pending legal proceedings involving the trusts created under the Pooling and Servicing Agreements (the Trusts), the Trustee, the Master Servicer or the Registrant with respect to the Trusts other than routine litigation incidental to the duties of the respective parties.
Item 4.
Item 4. Submission of Matters to a Vote of Security Holders.
None.
PART II
Item 5.
Item 5. Market for registrant's Common Equity and Related Stockholder Matters.
No established public trading market for the Certificates exists.
Records provided to the Trust by the DTC and Trustee indicate that as of December 31, 2002, the number of holders of record for each class of Certificates were as follows.
Class I-A 2 Class I-AI-O 2 Class I-B-1 1 Class I-B-2 1 Class I-B-3 1 Class I-B-4 1 Class I-B-5 1 Class I-B-6 1 Class II-A-1 7 Class II-B-1 1 Class II-B-2 1 Class II-B-3 1 Class II-B-4 1 Class II-B-5 1 Class II-B-6 1 Class III-A-1 1 Class III-B-1 1 Class III-B-2 1 Class III-B-3 1 Class III-B-4 1 Class III-B-5 1 Class III-B-6 1 Class R-1 1 Class R-2 1
Total: 32
Item 6.
Item 6. Selected Financial Data
Omitted.
Item 7.
Item 7. Management's Discussion and Analysis of Financial Conditions and Results of Operation.
Omitted.
Item 7A.
Item 7A. Quantitative and Qualitative Disclosures about Market Risk.
Not applicable.
Item 8.
Item 8. Financial Statements and Supplementary Data.
See Item 14(a), Exhibits 99.1, 99.2, and 99.3, for information provided in lieu of information required by Item 302 of Regulation S-K.
Item 9.
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.
None.
PART III
Item 10.
Item 10. Directors and Executive Officers of the Registrant.
Not applicable.
Item 11.
Item 11. Executive Compensation.
Not applicable.
Item 12.
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.
Not applicable.
Item 13.
Item 13. Certain Relationships and Related Transactions.
Not applicable.
Item 14.
Item 14. Control and Procedures.
Not applicable.
PART IV
Item 15.
Item 15. Exhibits, Financial Statement Schedule, and reports on Form 8-K.
(a) Exhibits
(99.1) Annual Independent Accountants' Servicing Reports concerning servicing activities for the year ended December 31, 2002.
a) Alliance Mortgage Company b) Bank of America, N.A. c) Cendant Mortgage Company d) Chase Mortgage Company e) CitiMortgage, Inc. f) Countrywide Mortgage Company g) EMC Mortgage Corporation h) GMAC Mortgage Company i) SouthTrust Mortgage Company j) Washington Mutual Bank, N.A. k) Wells Fargo Home Mortgage, Inc.
This information is not included in this report because it is not reasonably available to the registrant. The registrant has requested, but has been unable to obtain this information from the applicable servicer. The servicer is not affiliated with the registrant and is not obligated under the servicing agreement to provide the information until April 30, 2003.
(99.2) Report of Management as to Compliance with Minimum Servicing Standards for the year ended December 31, 2002.
a) Alliance Mortgage Company b) Bank of America, N.A. c) Cendant Mortgage Company d) Chase Mortgage Company e) CitiMortgage, Inc. f) Countrywide Mortgage Company g) EMC Mortgage Corporation h) GMAC Mortgage Company i) SouthTrust Mortgage Company j) Washington Mutual Bank, N.A. k) Wells Fargo Home Mortgage, Inc
This information is not included in this report because it is not reasonably available to the registrant. The registrant has requested, but has been unable to obtain this information from the applicable servicer. The servicer is not affiliated with the registrant and is not obligated under the servicing agreement to provide the information until April 30, 2003.
(99.3) Annual Statement of Compliance under the Pooling and Servicing Agreement for the year ended December 31, 2002.
a) Alliance Mortgage Company b) Bank of America, N.A. c) Cendant Mortgage Company d) Chase Mortgage Company
e) CitiMortgage, Inc. f) Countrywide Mortgage Company g) EMC Mortgage Corporation h) GMAC Mortgage Company i) SouthTrust Mortgage Company j) Washington Mutual Bank, N.A. k) Wells Fargo Home Mortgage, Inc
(99.4) Aggregate Statement of Principal and Interest Distribution to Certificatesholders.
(b) On November 15, 2002, December 16, 2002 and January 15, 2003 a report on Form 8-K was filed by the Company in order to provide the statement for the monthly distributions to holders of the Certificates. No other reports on Form 8-K have been filed during the last quarter of the period covered by this report.
(c) Omitted.
(d) Omitted.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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)
By: /s/ Jeffrey Mayer ----------------------- Name: Jeffrey Mayer Title: President
Dated: April 14, 2003
CERTIFICATION
I, Jeffrey Maier, certify that:
l. I have reviewed this annual report on Form 10-K, and all reports on Form 8-K containing distribution or servicing reports filed in respect of periods included in the year covered by this annual report, of Structured Asset Mortgage Investments Inc., Mortgage Pass-Through Certificates, Series 2000-1.
2. Based on my knowledge, the information in these reports, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading as of the last day of the period covered by this annual report;
3. Based on my knowledge, the distribution or servicing information required to be provided to the trustee by the servicer under the pooling and servicing, or similar, agreement, for inclusion in these reports is included in these reports;
4. Based on my knowledge and upon the annual compliance statement included in the report and required to be delivered to the trustee in accordance with the terms of the pooling and servicing, or similar agreement, and except as disclosed in the reports, the servicer has fulfilled its obligations under the servicing agreement; and
5. The reports disclose all significant deficiencies relating to the servicer's compliance with the minimum servicing standards based upon the report provided by an independent public accountant, after conducting a review in compliance with the Uniform Single Attestation Program for Mortgage Bankers or similar procedure as set forth in the pooling and servicing, or similar, agreement, that is included in these reports.
In giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated parties:
Wells Fargo Bank Minnesota, N.A., as Collateral Administrator and Securities Administrator. Alliance Mortgage Company, as Servicer Bank of America, N.A., as Servicer Cendant Mortgage Company, as Servicer Chase Mortgage Company, as Servicer CitiMortgage, Inc., as Servicer Countrywide Mortgage Company, as Servicer EMC Mortgage Corporation, as Servicer GMAC Mortgage Company, as Servicer SouthTrust Mortgage Company, as Servicer Washington Mutual Bank, N.A. as Servicer Wells Fargo Home Mortgage, Inc., as Servicer
Date: April 14, 2003
By: /s/ Jeffrey Mayer -------------------------- Name: Jeffrey Mayer Company: Structured Asset Mortgage Investments Inc. Title: President