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: September 28, 2000
(Date of earliest event reported)
Commission File No.: 333-68951
GE Capital Mortgage Services, Inc.
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New Jersey 21-0627285
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(States of Incorporation) (I.R.S. Employer Identification Nos.)
Three Executive Campus
Cherry Hill, New Jersey 08002
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Addresses of principal executive offices (Zip Codes)
(856) 661-6100
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Registrants' Telephone Numbers, including area code
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(Former names, former addresses and former fiscal years,
if changed since last report)
<PAGE>
ITEM 5. Other Events
On September 28, 2000, GE Capital Mortgage Services, Inc., a New Jersey
corporation (the "Registrant"), sold REMIC Mortgage Pass-Through Certificates,
Series 2000-11, Class A1, Class A2, Class A3, Class R, Class M, Class B1 and
Class B2 (the "Offered Certificates"), having an aggregate original principal
balance of $246,770,200.00. The Offered Certificates were issued pursuant to a
Pooling and Servicing Agreement, dated as of September 1, 2000, between the
Registrant and State Street Bank and Trust Company, as trustee (the
"Agreement"), a copy of which is filed as an exhibit hereto. REMIC Mortgage-Pass
Through Certificates, Class PO and Class S, having an aggregate initial
principal balance of $1,035,550.81 and Class B3, Class B4 and Class B5, having
an aggregate initial principal balance of $2,376,756.87 (the "Private Class B
Certificates" and, together with the Class PO and Class S Certificates and the
Offered Certificates, the "Certificates"), were also issued pursuant to the
Agreement.
As of the date of initial issuance, the Offered Certificates evidenced an
approximate 98.63% undivided interest in a trust (the "Trust"), consisting
principally of a pool of fixed interest rate, conventional, monthly pay,
fully-amortizing, one- to four-family residential first mortgage loans. The
remaining undivided interests in the Trust are evidenced by the Class PO, Class
S and Private Class B Certificates. Distributions on the Private Class B
Certificates are subordinated to distributions on the Offered Certificates, the
Class PO and Class S Certificates.
Interest on the Offered Certificates will be distributed on each
Distribution Date (as defined in the Agreement). Monthly distributions in
reduction of the principal balance of the Offered Certificates will be allocated
to the Offered Certificates in accordance with the priorities set forth in the
Agreement. Distributions of interest and in reduction of principal balance on
any Distribution Date will be made to the extent that Available Funds are
sufficient therefor.
An election will be made to treat the Trust as a REMIC for federal income
tax purposes (the "REMIC"). The Class A1, Class A2, Class A3, Class PO, Class S,
Class M, Class B1, Class B2, Class B3, Class B4 and Class B5 Certificates will
be treated as "regular interests" in the REMIC and the Class R Certificates will
be treated as the "residual interest" in the REMIC.
<PAGE>
ITEM 7. Financial Statements and Exhibits
(c) Exhibits
Item 601(a)
of Regulation S-K
Exhibit No. Description
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(EX-4) Pooling and Servicing Agreement, dated
as of September 1, 2000, between GE
Capital Mortgage Services, Inc. and
State Street Bank and Trust Company, as
trustee.
<PAGE>
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.
GE CAPITAL MORTGAGE SERVICES, INC.
September 28, 2000
By: /s/ Al Gentile
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Name: Al Gentile
Title: Designated Officer
<PAGE>
INDEX TO EXHIBITS
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Paper (P) or
Exhibit No. Description Electronic (E)
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(EX-4) Pooling and Servicing Agreement, E
dated as of September 1, 2000,
between GE Capital Mortgage
Services, Inc. and State Street
Bank and Trust Company, as
trustee.
