Form: 8-K

Current report filing

July 13, 1998

8-K: Current report filing

Published on July 13, 1998


































































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):
June 26, 1998


America First Mortgage Investments, Inc.
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(Exact name of registrant as specified in its charter)



Maryland 1-13991
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(State of Formation) (Commission File Number)


13-3974868
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(IRS Employer Identification Number)



399 Park Avenue
New York, New York 10022
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(Address of principal executive offices) (Zip Code)


(212) 935-8760
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(Registrant's telephone number, including area code)


Not applicable
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(Former name or former address, if changed since last report)
































Item 2. Acquisition or Disposition of Assets. On June 26, 1998, America First
Mortgage Investments, Inc. (the "Registrant") acquired a Federal National
Mortgage Association whole-pool mortgage backed certificate with an aggregate
original principal balance of $27,412,316 ("FNMA Certificates") from
affiliates of Nomura Securities International, Inc. The FNMA Certificate
bears interest at 6.19% per annum. The total purchase price paid for the FNMA
Certificate, including accrued interest, was approximately $27.6 million.
The acquisition was financed through the issuance of a LIBOR-based reverse
repurchase agreement with affiliates of Nomura Securities International, Inc.
There is no relationship between Nomura Securities International, Inc. or its
affiliates, on one hand, and the Registrant or any of its affiliates,
directors or officers or any associate of any of its directors or officers on
the other hand.






























































SIGNATURES

Pursuant to the requirements of the Securities Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

AMERICA FIRST MORTGAGE INVESTMENTS, INC.



By /s/ Stewart Zimmerman
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Stewart Zimmerman, President and Chief Executive
Officer

July 10, 1998