<PAGE>
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 28, 1996
GE CAPITAL MORTGAGE SERVICES, INC.
(as Seller and Servicer under Pooling and
Servicing Agreements each providing for the
issuance of a Series of Mortgage Pass-Through Certificates)
GE Capital Mortgage Services, Inc.
----------------------------------
(formerly known as Travelers Mortgage Services, Inc.)
(Exact name of registrant as specified in its charter)
New Jersey 33-5042 21-0627285
---------- ------- ----------
(State or Other (Commission (I.R.S. Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
Three Executive Campus
Cherry Hill, New Jersey 08002
----------------------- -----
(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including
area code (609) 661-6100
<PAGE>
Item 5. Other Events
On May 28, 1996 GE Capital Mortgage Services, Inc. ("GECMSI") Passed
through to Certificateholders of Mortgage Pass-Through Certificates principal
and interest payments as required for the various Series of Mortgage
Pass-Through Certificates listed below and as detailed in Item 7, Financial
Statements, Pro Forma Financial Information and Exhibits, of this Report.
Series Distribution on Series
- ------ ----------------------
Series 1995-01 $9,001,468.07
-------------
Series 1995-02 $3,200,632.15
-------------
Series 1995-03 $1,613,143.90
-------------
Series 1995-04 $1,559,975.29
-------------
Series 1995-05 $2,038,875.60
-------------
Series 1995-06 $1,946,776.39
-------------
Series 1995-07 $5,117,077.02
-------------
Series 1995-HE-1 $3,910,250.48
-------------
Series 1995-08 $7,032,137.72
-------------
Series 1995-10 $1,574,336.97
-------------
Series 1995-09 $4,262,851.06
-------------
Series 1995-11 $3,963,840.28
-------------
Series 1996-01 $1,996,510.05
-------------
Series 1996-02 $4,606,658.81
-------------
Series 1996-03 $3,779,311.47
-------------
Series 1996-05 $3,385,808.86
-------------
Series 1996-04 $3,781,560.33
-------------
Series 1996-07 $2,920,999.80
-------------
Series 1996-HE-1 $2,281,530.41
-------------
Series 1996-06 $3,866,267.47
-------------
- 1 -
<PAGE>
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
Attached as Exhibits to Item 7 are the "Servicer's Certificate" and
"Monthly Statement" filed as part of this Report.
Series Exhibit No. Description
- ------ ----------- -----------
Series 1995-01 99.1 Servicer's Certificate
99.2 Monthly Statement
Series 1995-02 99.3 Servicer's Certificate
99.4 Monthly Statement
Series 1995-03 99.5 Servicer's Certificate
99.6 Monthly Statement
Series 1995-04 99.7 Servicer's Certificate
99.8 Monthly Statement
Series 1995-05 99.9 Servicer's Certificate
99.10 Monthly Statement
Series 1995-06 99.11 Servicer's Certificate
99.12 Monthly Statement
Series 1995-07 99.13 Servicer's Certificate
99.14 Monthly Statement
Series 1995-HE-1 99.15 Servicer's Certificate
99.16 Distribution Date Statement
Series 1995-08 99.17 Servicer's Certificate
99.18 Monthly Statement
Series 1995-10 99.19 Servicer's Certificate
99.20 Monthly Statement
Series 1995-09 99.21 Servicer's Certificate
99.22 Monthly Statement
Series 1995-11 99.23 Servicer's Certificate
99.24 Monthly Statement
Series 1996-01 99.25 Servicer's Certificate
99.26 Monthly Statement
Series 1996-02 99.27 Servicer's Certificate
99.28 Monthly Statement
- 2 -
<PAGE>
Series 1996-03 99.29 Servicer's Certificate
99.30 Monthly Statement
Series 1996-05 99.31 Servicer's Certificate
99.32 Monthly Statement
Series 1996-04 99.33 Servicer's Certificate
99.34 Monthly Statement
Series 1996-07 99.35 Servicer's Certificate
99.36 Monthly Statement
Series 1996-HE-1 99.37 Servicer's Certificate
99.38 Distribution Date Statement
Series 1996-06 99.39 Servicer's Certificate
99.40 Monthly Statement
- 3 -
<PAGE>
SIGNATURES
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 thereunto duly authorized.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
------------------------------
Name: Karen Pickett
Title: Vice President,
Investor Operations
Dated as of: May 28, 1996
- 4 -
<PAGE>
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
- ----------- -----------
99.1 Series 1995-01 Servicer's Statement
99.2 Series 1995-01 Monthly Statement
99.3 Series 1995-02 Servicer's Statement
99.4 Series 1995-02 Monthly Statement
99.5 Series 1995-03 Servicer's Statement
99.6 Series 1995-03 Monthly Statement
99.7 Series 1995-04 Servicer's Statement
99.8 Series 1995-04 Monthly Statement
99.9 Series 1995-05 Servicer's Statement
99.10 Series 1995-05 Monthly Statement
99.11 Series 1995-06 Servicer's Statement
99.12 Series 1995-06 Monthly Statement
99.13 Series 1995-07 Servicer's Statement
99.14 Series 1995-07 Monthly Statement
99.15 Series 1995-HE-1 Servicer's Statement
99.16 Series 1995-HE-1 Distribution Date Statement
99.17 Series 1995-08 Servicer's Statement
99.18 Series 1995-08 Monthly Statement
99.19 Series 1995-10 Servicer's Statement
99.20 Series 1995-10 Monthly Statement
<PAGE>
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
- ----------- -----------
99.21 Series 1995-09 Servicer's Statement
99.22 Series 1995-09 Monthly Statement
99.23 Series 1995-11 Servicer's Statement
99.24 Series 1995-11 Monthly Statement
99.25 Series 1996-01 Servicer's Statement
99.26 Series 1996-01 Monthly Statement
99.27 Series 1996-02 Servicer's Statement
99.28 Series 1996-02 Monthly Statement
99.29 Series 1996-03 Servicer's Statement
99.30 Series 1996-03 Monthly Statement
99.31 Series 1996-05 Servicer's Statement
99.32 Series 1996-05 Monthly Statement
99.33 Series 1996-04 Servicer's Statement
99.34 Series 1996-04 Monthly Statement
99.35 Series 1996-07 Servicer's Statement
99.36 Series 1996-07 Monthly Statement
<PAGE>
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
- ----------- -----------
99.37 Series 1996-HE-1 Servicer's Statement
99.38 Series 1996-HE-1 Monthly Statement
99.39 Series 1996-06 Servicer's Statement
99.40 Series 1996-06 Monthly Statement
<PAGE>
Exhibit 99.1
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
MAY 1996
REMIC Multi-Class Pass-Through Certificates
Series 1995-1
Pursuant to the Pooling and Servicing Agreement dated as of February 1,
1995 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank and Trust Company (the "Trustee"), governing
the Certificates referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate Scheduled Monthly Payments:
(a) Principal .................................... $ 113,918.64
---------------
(b) Interest ..................................... $ 1,291,990.17
---------------
(c) Total ........................................ $ 1,405,908.81
---------------
2. Aggregate Monthly Payments Received and Monthly
Advances made this month:
(a) Principal .................................... $ 113,918.64
---------------
(b) Interest ..................................... $ 1,268,833.46
---------------
(c) Total ........................................ $ 1,382,752.10
---------------
3. Aggregate Principal Prepayments in part received
and applied in prior month:....................... $ 25,936.35
---------------
4. Aggregate Principal Prepayments in full received
in prior month:
(a) Principal .................................... $ 7,475,778.03
---------------
(b) Interest ..................................... $ 48,214.25
---------------
(c) Total ........................................ $ 7,523,992.28
---------------
<PAGE>
5. Aggregate Insurance Proceeds for prior month:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
6. Aggregate Liquidation Proceeds for prior month:
(a) Principal .................................... $ 68,251.76
---------------
(b) Interest ..................................... $ 535.58
---------------
(c) Total ........................................ $ 68,787.34
---------------
7. Aggregate Purchase Prices for Defaulted and
Modified Mortgage Loans:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
8. Aggregate Purchase Prices ( and substitution
adjustments) for Defective Mortgage Loans:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
9. Pool Scheduled Principal Balance: ................ $170,454,661.99
---------------
10. Available Funds:.................................. $ 9,001,468.07
---------------
11. Realized Losses for prior month: ................. $ 0.00
---------------
12. Aggregate Realized Losses:
(a) Deficient Valuations: ........................ $ 0.00
---------------
(b) Special Hazard Losses: ....................... $ 0.00
---------------
(c) Fraud Losses: ................................ $ 0.00
---------------
(d) Excess Bankruptcy Losses: .................... $ 0.00
---------------
(e) Excess Special Hazard Losses: ................ $ 0.00
---------------
(f) Excess Fraud Losses: ......................... $ 0.00
---------------
(g) Debt Service Reductions: ..................... $ 0.00
---------------
13. Non-Credit Losses: ............................... $ 0.00
---------------
14. Compensating Interest Payment: ................... $ 7,729.08
---------------
<PAGE>
15. Accrued Certificate Interest, Unpaid Class
Interest Shortfalls and Pay-out Rate:
Class 1-A1 ............... $ 44,644.79 $ 0.00 8.35000000%
----------- --------------- ----------
Class 1-A2 ............... $ 83,839.88 $ 0.00 8.55000000%
----------- --------------- ----------
Class 1-A3 ............... $105,464.25 $ 0.00 8.55000000%
----------- --------------- ----------
Class 1-A4 ............... $ 65,539.38 $ 0.00 8.25000000%
----------- --------------- ----------
Class 1-A5 ............... $ 88,972.92 $ 0.00 8.75000000%
----------- --------------- ----------
Class 1-A6 ............... $120,555.00 $ 0.00 8.55000000%
----------- --------------- ----------
Class 1-A7 ............... $134,386.00 $ 0.00 8.70000000%
----------- --------------- ----------
Class 1-A8 ............... $152,495.00 $ 0.00 8.40000000%
----------- --------------- ----------
Class 1-A9 ............... $ 44,729.61 $ 0.00 8.75000000%
----------- --------------- ----------
Class 1-A10 .............. $ 0.00 $ 0.00 8.75000000%
----------- --------------- ----------
Class 1-A11 .............. $ 0.00 $ 0.00 8.75000000%
----------- --------------- ----------
Class 1-A12 .............. $149,925.92 $ 0.00 8.75000000%
----------- --------------- ----------
Class 1-A13 .............. $ 83,484.81 $ 0.00 8.75000000%
----------- --------------- ----------
Class 1-A14 .............. $ 66,843.67 $ 0.00 8.20000000%
----------- --------------- ----------
Class 1-M ................ $ 50,147.26 $ 0.00 8.75000000%
----------- --------------- ----------
Class 1-B1 ............... $ 31,911.89 $ 0.00 8.75000000%
----------- --------------- ----------
Class 1-B2 ............... $ 27,353.06 $ 0.00 8.75000000%
----------- --------------- ----------
Class 1-B3 ............... $ 13,676.52 $ 0.00 8.75000000%
----------- --------------- ----------
Class 1-B4 ............... $ 3,647.07 $ 0.00 8.75000000%
----------- --------------- ----------
Class 1-B5 ............... $ 14,588.31 $ 0.00 8.75000000%
----------- --------------- ----------
Class 1-S ................ $ 35,377.95 $ 0.00 0.39544970%
----------- --------------- ----------
Class 1-R ................ $ 0.00 $ 0.00 8.75000000%
----------- --------------- ----------
Class 1-RL ............... $ 0.00 $ 0.00 8.75000000%
----------- --------------- ----------
16. Accrual Amount: ......... $ 0.00
---------------
17. Principal distributable:
Class 1-A1 .... $ 1,045,923.02 Class 1-A12 ... $ 61,341.00
--------------- ---------------
Class 1-A2 .... $ 0.00 Class 1-A13 ... $ 6,272,211.21
--------------- ---------------
Class 1-A3 .... $ 0.00 Class 1-A14 ... $ 0.00
--------------- ---------------
Class 1-A4 .... $ 0.00 Class 1-M ..... $ 7,060.58
--------------- ---------------
Class 1-A5 .... $ 0.00 Class 1-B1 .... $ 4,493.09
--------------- ---------------
Class 1-A6 .... $ 0.00 Class 1-B2 .... $ 3,851.22
--------------- ---------------
Class 1-A7 .... $ 0.00 Class 1-B3 .... $ 1,925.61
--------------- ---------------
Class 1-A8 .... $ 0.00 Class 1-B4 .... $ 513.50
--------------- ---------------
Class 1-A9 .... $ 284,511.56 Class 1-B5 .... $ 2,053.99
--------------- ---------------
Class 1-A10 ... $ 0.00 Class 1-R ..... $ 0.00
--------------- ---------------
Class 1-A11 ... $ 0.00 Class 1-RL .... $ 0.00
--------------- ---------------
18. Additional distributions to the Class 1-R
Certificate pursuant to Section 4.01(b):.......... $ 0.00
----------------
19. Additional distributions to the Class 1-RL
Certificate pursuant to Section 2.05(d):.......... $ 0.00
----------------
<PAGE>
20. Certificate Interest Rate of:
Class 1-A12 Certificates:.......... 8.750000%
--------
Class 1-S Certificates:............ 0.395450%
--------
B. Other Amounts:
1. Senior Percentage for such Distribution Date: .... 88.978000%
---------------
2. Senior Prepayment Percentage for such Distribution
Date: ............................................ 100.000000%
---------------
3. Junior Percentage for such Distribution Date: .... 11.022000%
---------------
4. Junior Prepayment Percentage for such Distribution
Date: ............................................ 0.000000%
---------------
5. Subordinate Certificate Writedown Amount for such
Distribution Date: ............................... $ 0.00
---------------
6. Prepayment Distribution Triggers satisfied:
YES NO
--- --
Class 1-B1........ X
-------- --------
Class 1-B2........ X
-------- --------
Class 1-B3........ X
-------- --------
Class 1-B4........ X
-------- --------
Class 1-B5........ X
-------- --------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
-----------------------------------
Karen Pickett
Vice-President,
Investor Operations
<PAGE>
Exhibit 99.2
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
MAY 1996
REMIC Multi-Class Pass-Through Certificates
Series 1995-1
Pursuant to the Pooling and Servicing Agreement dated as of February 1,
1995 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank and Trust Company (the "Trustee"), governing
the Certificates referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
(a) The amounts below are for a Single Certificate of $1,000:
i) The amount of such distribution allocable to
principal:
Class 1-A1 .... $ 65.49298810 Class 1-A12 ... $ 1.17088661
--------------- ---------------
Class 1-A2 .... $ 0.00000000 Class 1-A13 ... $ 415.65349304
--------------- ---------------
Class 1-A3 .... $ 0.00000000 Class 1-A14 ... $ 0.00000000
--------------- ---------------
Class 1-A4 .... $ 0.00000000 Class 1-M ..... $ 1.01805662
--------------- ---------------
Class 1-A5 .... $ 0.00000000 Class 1-B1 .... $ 1.01805522
--------------- ---------------
Class 1-A6 .... $ 0.00000000 Class 1-B2 .... $ 1.01805511
--------------- ---------------
Class 1-A7 .... $ 0.00000000 Class 1-B3 .... $ 1.01805537
--------------- ---------------
Class 1-A8 .... $ 0.00000000 Class 1-B4 .... $ 1.01806344
--------------- ---------------
Class 1-A9 .... $ 33.12896600 Class 1-B5 .... $ 1.01805694
--------------- ---------------
Class 1-A10 ... $ 0.00000000 Class 1-R ..... $ 0.00000000
--------------- ---------------
Class 1-A11 ... $ 0.00000000 Class 1-RL .... $ 0.00000000
--------------- ---------------
ii) Principal Prepayments included in the above
principal distribution (including the Scheduled
Principal Balances of all Defaulted Mortgage Loans
and Defective Mortgage Loans purchased pursuant to
Section 2.02, 2.03(b) or 3.16, respectively, and
any amounts deposited pursuant to Section 2.03(b)
in connection with the substitution of any
Mortgage Loans pursuant to Section 2.02 or
2.03(a), the proceeds of which are being
distributed on such Distribution Date);
Class 1-A1 .... $ 64.68952986 Class 1-A12 ... $ 1.15652235
--------------- ---------------
Class 1-A2 .... $ 0.00000000 Class 1-A13 ... $ 410.55431782
--------------- ---------------
Class 1-A3 .... $ 0.00000000 Class 1-A14 ... $ 0.00000000
--------------- ---------------
Class 1-A4 .... $ 0.00000000 Class 1-M ..... $ 0.00000000
--------------- ---------------
Class 1-A5 .... $ 0.00000000 Class 1-B1 .... $ 0.00000000
--------------- ---------------
Class 1-A6 .... $ 0.00000000 Class 1-B2 .... $ 0.00000000
--------------- ---------------
Class 1-A7 .... $ 0.00000000 Class 1-B3 .... $ 0.00000000
--------------- ---------------
Class 1-A8 .... $ 0.00000000 Class 1-B4 .... $ 0.00000000
--------------- ---------------
<PAGE>
Class 1-A9 .... $ 32.72254477 Class 1-B5 .... $ 0.00000000
--------------- ---------------
Class 1-A10 ... $ 0.00000000 Class 1-R ..... $ 0.00000000
--------------- ---------------
Class 1-A11 ... $ 0.00000000 Class 1-RL .... $ 0.00000000
--------------- ---------------
iii) The amount of such distribution to the
Certificateholders of each class, allocable to
Interest; Pay-out Rate:
Class 1-A1 .... $ 2.79554101 Class 1-A13 ... $ 5.53245924
--------------- ---------------
Class 1-A2 .... $ 7.12500042 Class 1-A14 ... $ 6.83333367
--------------- ---------------
Class 1-A3 .... $ 7.12500000 Class 1-M ..... $ 7.23067369
--------------- ---------------
Class 1-A4 .... $ 6.87500052 Class 1-B1 .... $ 7.23067337
--------------- ---------------
Class 1-A5 .... $ 7.29166694 Class 1-B2 .... $ 7.23067557
--------------- ---------------
Class 1-A6 .... $ 7.12500000 Class 1-B3 .... $ 7.23067220
--------------- ---------------
Class 1-A7 .... $ 7.25000000 Class 1-B4 .... $ 7.23066919
--------------- ---------------
Class 1-A8 .... $ 7.00000000 Class 1-B5 .... $ 7.23067312
--------------- ---------------
Class 1-A9 .... $ 5.20838496 Class 1-S ..... $ 0.21235311
--------------- ---------------
Class 1-A10 ... $ 0.00000000 Class 1-R ..... $ 0.00000000
--------------- ---------------
Class 1-A11 ... $ 0.00000000 Class 1-RL .... $ 0.00000000
--------------- ---------------
Class 1-A12 ... $ 2.86180942
---------------
iv) Accrual Amount: .............................. $ 0.00
---------------
v) The amount of servicing compensation received by
GECMSI during the month preceding the month of
distribution ..................................... 0.12873273
---------------
(b) The amounts below are for the aggregate of all Certificates.
vi) The Pool Scheduled Principal Balances of each
Mortgage Pool on the preceding Due Date after
giving effect to all distributions allocable to
principal made on such Distribution Date ......... $170,454,661.99
---------------
The aggregate number of Mortgage Loans included in
the Scheduled Principal Balance set forth above .. 735
---------------
vii) The Class Certificate Principal Balance of each
Class and the Certificate Principal Balance of a
Single Certificate of each Class after giving
effect to (i) all distributions allocable to
principal made on such Distribution Date and (ii)
the allocation of any Realized Losses and any
Subordinate Writedown Certificate Amount for such
Distribution Date:
Class Certificate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 1-A1 .... $ 5,370,095.00 336.26
--------------- --------
Class 1-A2 .... $ 11,767,000.00 1,000.00
--------------- --------
Class 1-A3 .... $ 14,802,000.00 1,000.00
--------------- --------
Class 1-A4 .... $ 9,533,000.00 1,000.00
--------------- --------
Class 1-A5 .... $ 12,202,000.00 1,000.00
--------------- --------
<PAGE>
Class 1-A6 .... $ 16,920,000.00 1,000.00
--------------- --------
Class 1-A7 .... $ 18,536,000.00 1,000.00
--------------- --------
Class 1-A8 .... $ 21,785,000.00 1,000.00
--------------- --------
Class 1-A9 .... $ 5,849,835.45 681.16
--------------- --------
Class 1-A10 ... $ 0.00 0.00
--------------- --------
Class 1-A11 ... $ 0.00 0.00
--------------- --------
Class 1-A12 ... $ 19,368,901.47 369.72
--------------- --------
Class 1-A13 ... $ 5,177,133.99 343.08
--------------- --------
Class 1-A14 ... $ 9,782,000.00 1,000.00
--------------- --------
Class 1-M ..... $ 6,870,278.56 990.62
--------------- --------
Class 1-B1 .... $ 4,371,995.29 990.62
--------------- --------
Class 1-B2 .... $ 3,747,424.93 990.62
--------------- --------
Class 1-B3 .... $ 1,873,711.96 990.62
--------------- --------
Class 1-B4 .... $ 499,656.45 990.62
--------------- --------
Class 1-B5 .... $ 1,998,628.89 990.62
--------------- --------
Class 1-S ..... $101,912,880.30 611.72
--------------- --------
Class 1-R ..... $ 0.00 0.00
--------------- --------
Class 1-RL .... $ 0.00 0.00
--------------- --------
viii) The following pertains to any real estate
acquired on behalf of Certificateholders through
foreclosure, or grant of a deed in lieu of
foreclosure or otherwise, of any REO Mortgage
Loan:
book value ....................................... $ 0
---------------
unpaid principal balance ......................... $ 0
---------------
number of related mortgage loans ................. 0
---------------
ix) The aggregate number and aggregate Principal
Balances of Mortgage Loans which, as of the close
of business on the last day of the month preceding
the related Determination Date, were;
(a) delinquent
(1) 30-59 days
Number 12 Principal Balance $2,525,388.81
------------- -------------
(2) 60-89 days
Number 2 Principal Balance $309,748.58
------------- -------------
(3) 90 days or more
Number 2 Principal Balance $252,681.74
------------- -------------
(b) in foreclosure
Number 6 Principal Balance $1,377,897.44
------------- -------------
x) The Scheduled Principal Balance of any Mortgage
Loan replaced pursuant to Section 2.03(b), and of
any Modified Mortgage Loan purchased pursuant to
Section 3.01(c); ................................. $ 0.00
---------------
<PAGE>
xi) The Certificate Interest Rates, applicable to the
Interest Accrual Period relating to such
Distribution Date:
Class 1-A12: ...................... 8.750000%
--------
Class 1-S: ........................ 0.395450%
--------
xii) The Senior Percentage for such Distribution
Date; ............................................ 88.978000%
---------------
The Junior Percentage for such Distribution
Date;............................................. 11.022000%
---------------
xiii) The Senior Prepayment Percentage for such
Distribution Date; ............................... 100.000000%
---------------
The Junior Prepayment Percentage for such
Distribution Date; ............................... 0.000000%
---------------
<PAGE>
Exhibit 99.3
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
MAY 1996
REMIC Multi-Class Pass-Through Certificates
Series 1995-2
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1995
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate Scheduled Monthly Payments:
(a) Principal .................................... $ 59,768.91
---------------
(b) Interest ..................................... $ 706,802.82
---------------
(c) Total ........................................ $ 766,571.73
---------------
2. Aggregate Monthly Payments Received and Monthly
Advances made this month:
(a) Principal .................................... $ 59,768.91
---------------
(b) Interest ..................................... $ 693,786.24
---------------
(c) Total ........................................ $ 753,555.15
---------------
3. Aggregate Principal Prepayments in part received
and applied in the applicable Prepayment Period:
(a) Principal .................................... $ 7,219.05
---------------
4. Aggregate Principal Prepayments in full received
in the applicable Prepayment Period:
(a) Principal .................................... $ 2,426,635.61
---------------
(b) Interest ..................................... $ 13,222.34
---------------
(c) Total ........................................ $ 2,439,857.95
---------------
<PAGE>
5. Aggregate Insurance Proceeds for prior month:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
6. Aggregate Liquidation Proceeds for prior month:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
7. Aggregate Purchase Prices for Defaulted and
Modified Mortgage Loans:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
8. Aggregate Purchase Prices ( and substitution
adjustments) for Defective Mortgage Loans:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
9. Pool Scheduled Principal Balance: ................ $ 91,672,684.77
---------------
10. Available Funds:.................................. $ 3,200,632.15
---------------
11. Realized Losses for prior month: ................. $ 0.00
---------------
12. Aggregate Realized Losses:
(a) Deficient Valuations: ........................ $ 0.00
---------------
(b) Special Hazard Losses: ....................... $ 0.00
---------------
(c) Fraud Losses: ................................ $ 0.00
---------------
(d) Excess Bankruptcy Losses: .................... $ 0.00
---------------
(e) Excess Special Hazard Losses: ................ $ 0.00
---------------
(f) Excess Fraud Losses: ......................... $ 0.00
---------------
(g) Debt Service Reductions: ..................... $ 0.00
---------------
13. Compensating Interest Payment:.................... $ 3,370.84
---------------
<PAGE>
14. Accrued Certificate Interest, Unpaid Class
Interest Shortfalls and Pay-out Rate:
Class 2-A1 .... $ 9,382.39 $ 0.00 8.50000000%
--------------- --------------- ----------
Class 2-A2 .... $ 27,386.24 $ 0.00 7.85000000%
--------------- --------------- ----------
Class 2-A3 .... $ 10,132.98 $ 0.00 8.00000000%
--------------- --------------- ----------
Class 2-A4 .... $ 107,573.33 $ 0.00 8.00000000%
--------------- --------------- ----------
Class 2-A5 .... $ 28,333.33 $ 0.00 8.50000000%
--------------- --------------- ----------
Class 2-A6 .... $ 28,227.66 $ 0.00 8.50000000%
--------------- --------------- ----------
Class 2-A7 .... $ 46,823.55 $ 0.00 8.50000000%
--------------- --------------- ----------
Class 2-A8 .... $ 28,163.33 $ 0.00 8.50000000%
--------------- --------------- ----------
Class 2-A9 .... $ 46,541.86 $ 0.00 8.50000000%
--------------- --------------- ----------
Class 2-A10 ... $ 230,420.83 $ 0.00 8.50000000%
--------------- --------------- ----------
Class 2-A10C .. $ 2,488.81 $ 0.00 0.42477500%
--------------- --------------- ----------
Class 2-A10D .. $ 6,723.33 $ 0.00 0.50000000%
--------------- --------------- ----------
Class 2-A11 ... $ 412.15 $ 0.00 0.37339000%
--------------- --------------- ----------
Class 2-M ..... $ 31,762.88 $ 0.00 8.50000000%
--------------- --------------- ----------
Class 2-B1 .... $ 17,325.20 $ 0.00 8.50000000%
--------------- --------------- ----------
Class 2-B2 .... $ 14,437.66 $ 0.00 8.50000000%
--------------- --------------- ----------
Class 2-B3 .... $ 8,662.60 $ 0.00 8.50000000%
--------------- --------------- ----------
Class 2-B4 .... $ 2,887.53 $ 0.00 8.50000000%
--------------- --------------- ----------
Class 2-B5 .... $ 8,664.30 $ 0.00 8.50000000%
--------------- --------------- ----------
Class 2-S ..... $ 50,644.46 $ 0.00 0.74137206%
--------------- --------------- ----------
Class 2-R ..... $ 7.08 $ 0.00 8.50000000%
--------------- --------------- ----------
Class 2-RL .... $ 7.08 $ 0.00 8.50000000%
--------------- --------------- ----------
15. Accrual Amount: $ 46,541.86
---------------
16. Principal distributable:
Class 2-A1 .... $ 416,394.27 Class 2-M ..... $ 2,814.88
--------------- ---------------
Class 2-A2 .... $ 1,316,051.81 Class 2-B1 .... $ 1,535.39
--------------- ---------------
Class 2-A3 .... $ 477,812.34 Class 2-B2 .... $ 1,279.49
--------------- ---------------
Class 2-A4 .... $ 0.00 Class 2-B3 .... $ 767.70
--------------- ---------------
Class 2-A5 .... $ 0.00 Class 2-B4 .... $ 255.90
--------------- ---------------
Class 2-A6 .... $ 248,999.90 Class 2-B5 .... $ 767.85
--------------- ---------------
Class 2-A7 .... $ 46,541.86 Class 2-R ..... $ 0.00
--------------- ---------------
Class 2-A8 .... $ 0.00 Class 2-RL .... $ 0.00
--------------- ---------------
Class 2-A9 .... $ 0.00
---------------
Class 2-A10 ... $ 26,944.04
---------------
17. Additional distributions to the Class 2-R
Certificate pursuant to Section 4.01(b): .......... $ 0.00
---------------
18. Additional distributions to the Class 2-RL
Certificate pursuant to Section 2.05(d): .......... $ 0.00
---------------
<PAGE>
19. Certificate Interest Rate of:
Class 2-A10 Certificates:.......... 8.500000%
--------
Class 2-S Certificates:............ 0.741372%
--------
B. Other Amounts:
1. Senior Percentage for such Distribution Date: .... 87.241800%
---------------
2. Senior Prepayment Percentage for such
Distribution ..................................... 100.000000%
---------------
3. Junior Percentage for such Distribution Date:..... 12.758200%
---------------
4. Junior Prepayment Percentage for such
Distribution ..................................... 0.000000%
---------------
5. Subordinate Certificate Writedown Amount for such
Distribution Date: ............................... $ 0.00
---------------
6. Prepayment Distribution Triggers satisfied:
YES NO
--- --
Class 2-B1........ X
-------- --------
Class 2-B2........ X
-------- --------
Class 2-B3........ X
-------- --------
Class 2-B4........ X
-------- --------
Class 2-B5........ X
-------- --------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
-----------------------------------
Karen Pickett
Vice-President,
Investor Operations
<PAGE>
Exhibit 99.4
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
MAY 1996
REMIC Multi-Class Pass-Through Certificates
Series 1995-2
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1995
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
(a) The amounts below are for a Single Certificate of
$1,000:
i) The amount of such distribution allocable to
principal:
Class 2-A1 .... $ 31.69147348 Class 2-M ..... $ 0.62350941
--------------- ---------------
Class 2-A2 .... $ 31.69147326 Class 2-B1 .... $ 0.62351015
--------------- ---------------
Class 2-A3 .... $ 31.69147310 Class 2-B2 .... $ 0.62350883
--------------- ---------------
Class 2-A4 .... $ 0.00000000 Class 2-B3 .... $ 0.62351421
--------------- ---------------
Class 2-A5 .... $ 0.00000000 Class 2-B4 .... $ 0.62351522
--------------- ---------------
Class 2-A6 .... $ 22.53392760 Class 2-B5 .... $ 0.62351545
--------------- ---------------
Class 2-A7 .... $ 6.51481803 Class 2-R ..... $ 0.00000000
--------------- ---------------
Class 2-A8 .... $ 0.00000000 Class 2-RL .... $ 0.00000000
--------------- ---------------
Class 2-A9 .... $ 0.00000000
---------------
Class 2-A10 ... $ 16.36840123
---------------
ii) Principal Prepayments included in the above
principal distribution (including the Scheduled
Principal Balances of all Defaulted Mortgage Loans
and Defective Mortgage Loans purchased pursuant to
Section 2.02, 2.03(b) or 3.16, respectively, and
any amounts deposited pursuant to Section 2.03(b)
in connection with the substitution of any
Mortgage Loans pursuant to Section 2.02 or
2.03(a), the proceeds of which are being
distributed on such Distribution Date);
Class 2-A1 .... $ 31.02420040 Class 2-A10 ... $ 16.02375984
--------------- ---------------
Class 2-A2 .... $ 31.02420019 Class 2-M ..... $ 0.00000000
--------------- ---------------
Class 2-A3 .... $ 31.02420003 Class 2-B1 .... $ 0.00000000
--------------- ---------------
Class 2-A4 .... $ 0.00000000 Class 2-B2 .... $ 0.00000000
--------------- ---------------
Class 2-A5 .... $ 0.00000000 Class 2-B3 .... $ 0.00000000
--------------- ---------------
Class 2-A6 .... $ 22.05946928 Class 2-B4 .... $ 0.00000000
--------------- ---------------
Class 2-A7 .... $ 6.37764667 Class 2-B5 .... $ 0.00000000
--------------- ---------------
Class 2-A8 .... $ 0.00000000 Class 2-R ..... $ 0.00000000
--------------- ---------------
Class 2-A9 .... $ 0.00000000 Class 2-RL .... $ 0.00000000
--------------- ---------------
<PAGE>
iii) The amount of such distribution to the
Certificateholders of each class, allocable to
Interest; Pay-out Rate:
Class 2-A1 .... $ 0.71408707 Class 2-A10D .. $ 0.41666646
--------------- ---------------
Class 2-A2 .... $ 0.65948034 Class 2-A11 ... $ 0.03136845
--------------- ---------------
Class 2-A3 .... $ 0.67208198 Class 2-M ..... $ 7.03563015
--------------- ---------------
Class 2-A4 .... $ 6.66666646 Class 2-B1 .... $ 7.03563136
--------------- ---------------
Class 2-A5 .... $ 7.08333250 Class 2-B2 .... $ 7.03562239
--------------- ---------------
Class 2-A6 .... $ 2.55453937 Class 2-B3 .... $ 7.03563136
--------------- ---------------
Class 2-A7 .... $ 6.55424832 Class 2-B4 .... $ 7.03563466
--------------- ---------------
Class 2-A8 .... $ 7.08333249 Class 2-B5 .... $ 7.03565139
--------------- ---------------
Class 2-A9 .... $ 7.70943515 Class 2-S ..... $ 0.33639373
--------------- ---------------
Class 2-A10 ... $ 7.08333323 Class 2-R ..... $ 7.08000000
--------------- ---------------
Class 2-A10C .. $ 0.03568545 Class 2-RL .... $ 7.08000000
--------------- ---------------
iv) Accrual Amount: .................................. $ 46,541.86
---------------
v) The amount of servicing compensation received by
GECMSI during the month preceding the month of
distribution ..................................... 0.11558297
---------------
(b) The amounts below are for the aggregate of all Certificates.
vi) The Pool Scheduled Principal Balances of each
Mortgage Pool on the preceding Due Date after
giving effect to all distributions allocable to
principal made on such Distribution Date.......... $ 91,672,684.77
---------------
The aggregate number of Mortgage Loans included in
the Scheduled Principal Balance set forth above... 376
---------------
vii) The Class Certificate Principal Balance of each
Class and the Certificate Principal Balance of a
Single Certificate of each Class after giving
effect to (i) all distributions allocable to
principal made on such Distribution Date and (ii)
the allocation of any Realized Losses and any
Subordinate Writedown Certificate Amount for such
Distribution Date:
Class Certificate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 2-A1 .... $ 908,178.14 69.12
--------------- --------
Class 2-A2 .... $ 2,870,379.29 69.12
--------------- --------
Class 2-A3 .... $ 1,042,134.24 69.12
--------------- --------
Class 2-A4 .... $ 16,136,000.00 1,000.00
--------------- --------
Class 2-A5 .... $ 4,000,000.00 1,000.00
--------------- --------
<PAGE>
Class 2-A6 .... $ 3,736,082.08 338.11
--------------- --------
Class 2-A7 .... $ 6,563,842.24 918.79
--------------- --------
Class 2-A8 .... $ 3,976,000.00 1,000.00
--------------- --------
Class 2-A9 .... $ 6,617,157.76 1,096.10
--------------- --------
Class 2-A10 ... $ 34,006,191.71 995.03
--------------- --------
Class 2-A11 ... $ 908,178.14 69.12
--------------- --------
Class 2-M ..... $ 4,481,356.85 992.64
--------------- --------
Class 2-B1 .... $ 2,444,375.02 992.64
--------------- --------
Class 2-B2 .... $ 2,036,980.86 992.64
--------------- --------
Class 2-B3 .... $ 1,222,187.50 992.64
--------------- --------
Class 2-B4 .... $ 407,395.18 992.64
--------------- --------
Class 2-B5 .... $ 1,222,423.90 992.64
--------------- --------
Class 2-S ..... $ 79,653,998.96 1,000.00
--------------- --------
Class 2-R ..... $ 1,000.00 1,000.00
--------------- --------
Class 2-RL .... $ 1,000.00 1,000.00
--------------- --------
viii) The following pertains to any real estate
acquired on behalf of Certificateholders through
foreclosure, or grant of a deed in lieu of
foreclosure or otherwise, of any REO Mortgage
Loan:
book value ....................................... $ 0
---------------
unpaid principal balance ......................... $ 0
---------------
number of related mortgage loans ................. 0
---------------
ix) The aggregate number and aggregate Principal
Balances of Mortgage Loans which, as of the close
of business on the last day of the month preceding
the related Determination Date, were;
(a) delinquent
(1) 30-59 days
Number 13 Principal Balance $2,671,337.92
------------- -------------
(2) 60-89 days
Number 2 Principal Balance $307,254.28
------------- -------------
(3) 90 days or more
Number 4 Principal Balance $698,282.67
------------- -------------
(b) in foreclosure
Number 2 Principal Balance $650,095.21
------------- -------------
x) The Scheduled Principal Balance of any Mortgage
Loan replaced pursuant to Section 2.03(b), and of
any Modified Mortgage Loan purchased pursuant to
Section 3.01(c); ................................. $ 0.00
---------------
<PAGE>
xi) The Certificate Interest Rates, applicable to the
Interest Accrual Period relating to such
Distribution Date:
Class 2-A10: ...................... 8.500000%
--------
Class 2-S: ........................ 0.741372%
--------
xii) The Senior Percentage for such Distribution Date;. 87.241800%
---------------
The Junior Percentage for such Distribution Date;. 12.758200%
---------------
xiii) The Senior Prepayment Percentage for such
Distribution Date; ............................... 100.000000%
---------------
The Junior Prepayment Percentage for such
Distribution Date; ............................... 0.000000%
---------------
<PAGE>
Exhibit 99.5
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
MAY 1996
REMIC Multi-Class Pass-Through Certificates
Series 1995-3
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1995
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate Scheduled Monthly Payments:
(a) Principal .................................... $ 36,905.32
---------------
(b) Interest ..................................... $ 461,724.60
---------------
(c) Total ........................................ $ 498,629.92
---------------
2. Aggregate Monthly Payments Received and Monthly
Advances made this month:
(a) Principal .................................... $ 36,905.32
---------------
(b) Interest ..................................... $ 451,172.10
---------------
(c) Total ........................................ $ 488,077.42
---------------
3. Aggregate Principal Prepayments in part received
and applied in the applicable Prepayment Period:
(a) Principal .................................... $ 6,940.17
---------------
4. Aggregate Principal Prepayments in full received
in the applicable Prepayment Period:
(a) Principal .................................... $ 891,494.48
---------------
(b) Interest ..................................... $ 6,803.33
---------------
(c) Total ........................................ $ 898,297.81
---------------
<PAGE>
5. Aggregate Insurance Proceeds for prior month:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
6. Aggregate Liquidation Proceeds for prior month:
(a) Principal .................................... $ 218,603.94
---------------
(b) Interest ..................................... $ 1,224.56
---------------
(c) Total ........................................ $ 219,828.50
---------------
7. Aggregate Purchase Prices for Defaulted and
Modified Mortgage Loans:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
8. Aggregate Purchase Prices ( and substitution
adjustments) for Defective Mortgage Loans:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
9. Pool Scheduled Principal Balance: ................ $ 60,023,513.94
---------------
10. Available Funds: ................................. $ 1,613,143.90
---------------
11. Realized Losses for prior month: ................. $ 0.00
---------------
12. Aggregate Realized Losses:
(a) Deficient Valuations: ........................ $ 0.00
---------------
(b) Special Hazard Losses: ....................... $ 0.00
---------------
(c) Fraud Losses: ................................ $ 0.00
---------------
(d) Excess Bankruptcy Losses: .................... $ 0.00
---------------
(e) Excess Special Hazard Losses: ................ $ 0.00
---------------
(f) Excess Fraud Losses: ......................... $ 0.00
---------------
(g) Debt Service Reductions: ..................... $ 0.00
---------------
13. Compensating Interest Payment: ................... $ 515.40
---------------
<PAGE>
14. Accrued Certificate Interest, Unpaid Class
Interest Shortfalls and Pay-out Rate:
Class 3-A1 .... $ 15,288.73 $ 0.00 8.50000000%
--------------- --------------- ----------
Class 3-A2 .... $ 64,481.38 $ 0.00 8.80000000%
--------------- --------------- ----------
Class 3-A3 .... $ 47,904.99 $ 0.00 8.30000000%
--------------- --------------- ----------
Class 3-A4 .... $ 50,160.32 $ 0.00 8.50000000%
--------------- --------------- ----------
Class 3-A5A ... $ 43,332.92 $ 0.00 8.30000000%
--------------- --------------- ----------
Class 3-A5B ... $ 155,347.96 $ 0.00 8.50000000%
--------------- --------------- ----------
Class 3-M ..... $ 19,899.26 $ 0.00 8.50000000%
--------------- --------------- ----------
Class 3-B1 .... $ 12,663.16 $ 0.00 8.50000000%
--------------- --------------- ----------
Class 3-B2 .... $ 9,045.11 $ 0.00 8.50000000%
--------------- --------------- ----------
Class 3-B3 .... $ 6,150.68 $ 0.00 8.50000000%
--------------- --------------- ----------
Class 3-B4 .... $ 2,170.83 $ 0.00 8.50000000%
--------------- --------------- ----------
Class 3-B5 .... $ 4,341.65 $ 0.00 8.50000000%
--------------- --------------- ----------
Class 3-S ..... $ 28,411.94 $ 0.00 0.61129778%
--------------- --------------- ----------
Class 3-R ..... $ 1.06 $ 0.00 8.50000000%
--------------- --------------- ----------
15. Accrual Amount: $ 459,199.99
---------------
16. Principal distributable:
Class 3-A1 .... $ 332,601.77 Class 3-B1 .... $ 7,498.25
--------------- --------------- ----------
Class 3-A2 .... $ 176,272.51 Class 3-B2 .... $ 5,355.89
--------------- --------------- ----------
Class 3-A3 .... $ 264,431.74 Class 3-B3 .... $ 3,642.01
--------------- --------------- ----------
Class 3-A4 .... $ 348,018.72 Class 3-B4 .... $ 1,285.41
--------------- --------------- ----------
Class 3-A5 .... $ 460.81 Class 3-B5 .... $ 2,570.84
--------------- --------------- ----------
Class 3-M ..... $ 11,782.98 Class 3-R ..... $ 22.98
--------------- --------------- ----------
17. Additional distributions to the Class 3-R
Certificate pursuant to Section 4.01(b): ......... $ 0.00
---------------
18. Certificate Interest Rate of:
Class 3-A5A Certificates:.......... 8.300000%
--------
Class 3-A5B Certificates:.......... 8.500000%
--------
Class 3-S Certificates:............ 0.611298%
--------
B. Other Amounts:
1. Senior Percentage for such Distribution Date: .... 87.402000%
---------------
2. Senior Prepayment Percentage for such Distribution
Date: ............................................ 100.000000%
---------------
3. Junior Percentage for such Distribution Date:..... 12.598000%
---------------
<PAGE>
4. Junior Prepayment Percentage for such Distribution
Date: ............................................ 0.000000%
---------------
5. Subordinate Certificate Writedown Amount for such
Distribution Date:............................... $ 0.00
---------------
6. Prepayment Distribution Triggers satisfied:
YES NO
--- --
Class 3-B1........ X
-------- --------
Class 3-B2........ X
-------- --------
Class 3-B3........ X
-------- --------
Class 3-B4........ X
-------- --------
Class 3-B5........ X
-------- --------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
-----------------------------------
Karen Pickett
Vice-President,
Investor Operations
<PAGE>
Exhibit 99.6
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
MAY 1996
REMIC Multi-Class Pass-Through Certificates
Series 1995-3
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1995
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
i) The amount of such distribution allocable to
principal:
Class 3-A1 .... $ 22.97608248 Class 3-B1 .... $ 4.16907371
--------------- ---------------
Class 3-A2 .... $ 11.50528751 Class 3-B2 .... $ 4.16907195
--------------- ---------------
Class 3-A3 .... $ 15.81624140 Class 3-B3 .... $ 4.16907725
--------------- ---------------
Class 3-A4 .... $ 17.42707661 Class 3-B4 .... $ 4.16906406
--------------- ---------------
Class 3-A5 .... $ 0.01612421 Class 3-B5 .... $ 4.16909217
--------------- ---------------
Class 3-M ..... $ 4.16907590 Class 3-R ..... $ 22.98000000
--------------- ---------------
ii) Principal Prepayments included in the above
principal distribution (including the Scheduled
Principal Balances of all Defaulted Mortgage Loans
and Defective Mortgage Loans purchased pursuant to
Section 2.02, 2.03(b) or 3.16, respectively, and
any amounts deposited pursuant to Section 2.03(b)
in connection with the substitution of any
Mortgage Loans pursuant to Section 2.02 or
2.03(a), the proceeds of which are being
distributed on such Distribution Date);
Class 3-A1 .... $ 22.87838787 Class 3-B1 .... $ 0.00000000
--------------- ---------------
Class 3-A2 .... $ 11.45636687 Class 3-B2 .... $ 0.00000000
--------------- ---------------
Class 3-A3 .... $ 15.74899053 Class 3-B3 .... $ 0.00000000
--------------- ---------------
Class 3-A4 .... $ 17.35297645 Class 3-B4 .... $ 0.00000000
--------------- ---------------
Class 3-A5 .... $ 0.01605565 Class 3-B5 .... $ 0.00000000
--------------- ---------------
Class 3-M ..... $ 0.00000000 Class 3-R ..... $ 22.88228874
--------------- ---------------
iii) The amount of such distribution to the
Certificateholders of each class, allocable to
Interest; Pay-out Rate:
Class 3-A1 .... $ 1.05614327 Class 3-B1 .... $ 7.04079585
--------------- ---------------
Class 3-A2 .... $ 4.20869264 Class 3-B2 .... $ 7.04079329
--------------- ---------------
Class 3-A3 .... $ 2.86530235 Class 3-B3 .... $ 7.04079892
--------------- ---------------
Class 3-A4 .... $ 2.51178368 Class 3-B4 .... $ 7.04081136
--------------- ---------------
<PAGE>
Class 3-A5A ... $ 6.91666720 Class 3-B5 .... $ 7.04078784
--------------- ---------------
Class 3-A5B ... $ 7.08333327 Class 3-R ..... $ 1.06000000
--------------- ---------------
Class 3-M ..... $ 7.04079318 Class 3-S ..... $ 0.27645118
--------------- ---------------
iv) Accrual Amount: .............................. $ 459,199.99
---------------
v) The amount of servicing compensation received by
GECMSI during the month preceding the month of
distribution ..................................... 0.11471796
---------------
(b) The amounts below are for the aggregate of all Certificates.
vi) The Pool Scheduled Principal Balances of each
Mortgage Pool on the preceding Due Date after
giving effect to all distributions allocable to
principal made on such Distribution Date ......... $ 60,023,513.94
---------------
The aggregate number of Mortgage Loans included in
the Scheduled Principal Balance set forth
above ............................................ 228
---------------
vii) The Class Certificate Principal Balance of each
Class and the Certificate Principal Balance of a
Single Certificate of each Class after giving
effect to (i) all distributions allocable to
principal made on such Distribution Date and (ii)
the allocation of any Realized Losses and any
Subordinate Writedown Certificate Amount for such
Distribution Date:
Class Certificate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 3-A1 .... $ 1,825,807.75 126.13
--------------- ------
Class 3-A2 .... $ 8,616,642.78 562.41
--------------- ------
Class 3-A3 .... $ 6,661,590.31 398.44
--------------- ------
Class 3-A4 .... $ 6,733,438.67 337.18
--------------- ------
Class 3-A5 .... $ 28,556,299.65 999.21
--------------- ------
Class 3-M ..... $ 2,797,524.79 989.83
--------------- ------
Class 3-B1 .... $ 1,780,241.62 989.83
--------------- ------
Class 3-B2 .... $ 1,271,601.02 989.83
--------------- ------
Class 3-B3 .... $ 864,688.73 989.83
--------------- ------
Class 3-B4 .... $ 305,183.96 989.83
--------------- ------
Class 3-B5 .... $ 610,368.52 989.83
--------------- ------
Class 3-R ..... $ 126.14 126.14
--------------- ------
Class 3-S ..... $ 54,626,703.77 0.00
--------------- ------
viii) The following pertains to any real estate
acquired on behalf of Certificateholders through
foreclosure, or grant of a deed in lieu of
foreclosure or otherwise, of any REO Mortgage
Loan:
book value ....................................... $ 0
---------------
unpaid principal balance ......................... $ 0
---------------
number of related mortgage loans ................. 0
---------------
<PAGE>
ix) The aggregate number and aggregate Principal
Balances of Mortgage Loans which, as of the close
of business on the last day of the month preceding
the related Determination Date, were;
(a) delinquent
(1) 30-59 days
Number 5 Principal Balance $1,343,586.23
------------- -------------
(2) 60-89 days
Number 0 Principal Balance $0.00
------------- -------------
(3) 90 days or more
Number 0 Principal Balance $0.00
------------- -------------
(b) in foreclosure
Number 3 Principal Balance $1,015,223.72
------------- -------------
x) The Scheduled Principal Balance of any Mortgage
Loan replaced pursuant to Section 2.03(b), and of
any Modified Mortgage Loan purchased pursuant to
Section 3.01(c); ................................. $ 0.00
---------------
xi) The Certificate Interest Rates, applicable to the
Interest Accrual Period relating to such
Distribution Date:
Class 3-A5: ....................... 8.300000%
--------
Class 3-S: ........................ 0.611298%
--------
xii) The Senior Percentage for such Distribution Date;. 87.402000%
---------------
The Junior Percentage for such Distribution Date;. 12.598000%
---------------
xiii) The Senior Prepayment Percentage for such
Distribution Date; ............................... 100.000000%
---------------
The Junior Prepayment Percentage for such
Distribution Date; ............................... 0.000000%
---------------
<PAGE>
Exhibit 99.7
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
MAY 1996
REMIC Multi-Class Pass-Through Certificates
Series 1995-4
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1995
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate Scheduled Monthly Payments:
(a) Principal .................................... $ 44,326.66
---------------
(b) Interest ..................................... $ 505,276.07
---------------
(c) Total ........................................ $ 549,602.73
---------------
2. Aggregate Monthly Payments Received and Monthly
Advances made this month:
(a) Principal .................................... $ 44,326.66
---------------
(b) Interest ..................................... $ 493,979.66
---------------
(c) Total ........................................ $ 538,306.32
---------------
3. Aggregate Principal Prepayments in part received
and applied in prior month: ...................... $ 18,935.60
---------------
4. Aggregate Principal Prepayments in full received
in prior month:
(a) Principal .................................... $ 996,968.15
---------------
(b) Interest ..................................... $ 5,765.22
---------------
(c) Total ........................................ $ 1,002,733.37
---------------
<PAGE>
5. Aggregate Insurance Proceeds for prior month:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
6. Aggregate Liquidation Proceeds for prior month:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
7. Aggregate Purchase Prices for Defaulted and
Modified Mortgage Loans:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
8. Aggregate Purchase Prices ( and substitution
adjustments) for Defective Mortgage Loans:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
9. Pool Scheduled Principal Balance: ................ $ 68,397,316.07
---------------
10. Available Funds: ................................. $ 1,559,975.29
---------------
11. Realized Losses for prior month: ................. $ 0.00
---------------
12. Aggregate Realized Losses:
(a) Deficient Valuations: ........................ $ 0.00
---------------
(b) Special Hazard Losses: ....................... $ 0.00
---------------
(c) Fraud Losses: ................................ $ 0.00
---------------
(d) Excess Bankruptcy Losses: .................... $ 0.00
---------------
(e) Excess Special Hazard Losses: ................ $ 0.00
---------------
(f) Excess Fraud Losses: ......................... $ 0.00
---------------
(g) Debt Service Reductions: ..................... $ 0.00
---------------
13. Non-Credit Losses: ............................... $ 0.00
---------------
14. Compensating Interest Payment: ................... $ 1,587.01
---------------
<PAGE>
15. Accrued Certificate Interest, Unpaid Class
Interest Shortfalls and Pay-out Rate:
Class 4-A1 ............... $ 0.00 $ 0.00 8.00000000%
----------- --------------- ----------
Class 4-A2 ............... $169,118.87 $ 0.00 8.00000000%
----------- --------------- ----------
Class 4-A3 ............... $132,240.00 $ 0.00 8.00000000%
----------- --------------- ----------
Class 4-A4 ............... $ 18,813.33 $ 0.00 8.00000000%
----------- --------------- ----------
Class 4-A5 ............... $ 71,060.00 $ 0.00 8.00000000%
----------- --------------- ----------
Class 4-A6 ............... $ 24,786.52 $ 0.00 8.00000000%
----------- --------------- ----------
Class 4-M ................ $ 17,885.65 $ 0.00 8.00000000%
----------- --------------- ----------
Class 4-B1 ............... $ 8,129.84 $ 0.00 8.00000000%
----------- --------------- ----------
Class 4-B2 ............... $ 8,129.84 $ 0.00 8.00000000%
----------- --------------- ----------
Class 4-B3 ............... $ 5,528.29 $ 0.00 8.00000000%
----------- --------------- ----------
Class 4-B4 ............... $ 1,951.16 $ 0.00 8.00000000%
----------- --------------- ----------
Class 4-B5 ............... $ 3,902.31 $ 0.00 8.00000000%
----------- --------------- ----------
Class 4-S ................ $ 38,199.08 $ 0.00 0.71184607%
----------- --------------- ----------
Class 4-R ................ $ 0.00 $ 0.00 8.00000000%
----------- --------------- ----------
16. Principal distributable
Class 4-A1 .... $ 0.00 Class 4-M ..... $ 1,708.84
--------------- ---------------
Class 4-A2 .... $ 1,055,650.97 Class 4-B1 .... $ 776.75
--------------- ---------------
Class 4-A3 .... $ 0.00 Class 4-B2 .... $ 776.75
--------------- ---------------
Class 4-A4 .... $ 0.00 Class 4-B3 .... $ 528.19
--------------- ---------------
Class 4-A5 .... $ 0.00 Class 4-B4 .... $ 186.42
--------------- ---------------
Class 4-A6 .... $ 0.00 Class 4-B5 .... $ 372.83
--------------- ---------------
Class 4-PO .... $ 229.66 Class 4-R ..... $ 0.00
--------------- ---------------
17. Additional distributions to the Class 4-R
Certificate pursuant to Section 4.01(b): .......... $ 0.00
---------------
18. Certificate Interest Rates of:
Class 4-S Certificates:............ 0.711846%
--------
<PAGE>
B. Other Amounts:
1. Senior Percentage for such Distribution Date:..... 90.135953%
---------------
2. Senior Prepayment Percentage for such Distribution
Date: ............................................ 100.000000%
---------------
3. Junior Percentage for such Distribution Date:..... 9.864047%
---------------
4. Junior Prepayment Percentage for such Distribution
Date: ............................................ 0.000000%
---------------
5. Subordinate Certificate Writedown Amount for such
Distribution Date:................................ $ 0.00
---------------
6. Prepayment Distribution Triggers satisfied:
YES NO
--- --
Class 4-B1........ X
-------- --------
Class 4-B2........ X
-------- --------
Class 4-B3........ X
-------- --------
Class 4-B4........ X
-------- --------
Class 4-B5........ X
-------- --------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
-----------------------------------
Karen Pickett
Vice-President,
Investor Operations
<PAGE>
Exhibit 99.8
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
MAY 1996
REMIC Multi-Class Pass-Through Certificates
Series 1995-4
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1995
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
(a) The amounts below (other than for Class R) are for a Single Certificate of
$1,000.
i) The amount of such distribution allocable to
principal:
Class 4-A1 .... $ 0.00000000 Class 4-M ..... $ 0.63322102
--------------- ---------------
Class 4-A2 .... $ 36.40175759 Class 4-B1 .... $ 0.63322458
--------------- ---------------
Class 4-A3 .... $ 0.00000000 Class 4-B2 .... $ 0.63322458
--------------- ---------------
Class 4-A4 .... $ 0.00000000 Class 4-B3 .... $ 0.63322492
--------------- ---------------
Class 4-A5 .... $ 0.00000000 Class 4-B4 .... $ 0.63322441
--------------- ---------------
Class 4-A6 .... $ 0.00000000 Class 4-B5 .... $ 0.63320719
--------------- ---------------
Class 4-PO .... $ 1.00620349 Class 4-R ..... $ 0.00000000
--------------- ---------------
ii) Principal Prepayments included in the above
principal distribution (including the Scheduled
Principal Balances of all Defaulted Mortgage Loans
and Defective Mortgage Loans purchased pursuant to
Section 2.02, 2.03(b) or 3.16, respectively, and
any amounts deposited pursuant to Section 2.03(b)
in connection with the substitution of any
Mortgage Loans pursuant to Section 2.02 or
2.03(a), the proceeds of which are being
distributed on such Distribution Date);
Class 4-A1 .... $ 0.00000000 Class 4-M ..... $ 0.00000000
--------------- ---------------
Class 4-A2 .... $ 35.02354417 Class 4-B1 .... $ 0.00000000
--------------- ---------------
Class 4-A3 .... $ 0.00000000 Class 4-B2 .... $ 0.00000000
--------------- ---------------
Class 4-A4 .... $ 0.00000000 Class 4-B3 .... $ 0.00000000
--------------- ---------------
Class 4-A5 .... $ 0.00000000 Class 4-B4 .... $ 0.00000000
--------------- ---------------
Class 4-A6 .... $ 0.00000000 Class 4-B5 .... $ 0.00000000
--------------- ---------------
Class 4-PO .... $ 0.96810744 Class 4-R ..... $ 0.00000000
--------------- ---------------
<PAGE>
iii) The amount of such distribution to the
Certificateholders of each class, allocable to
Interest:
Class 4-A1 .... $ 0.00000000 Class 4-B1 .... $ 6.62763378
--------------- ---------------
Class 4-A2 .... $ 5.83168517 Class 4-B2 .... $ 6.62763378
--------------- ---------------
Class 4-A3 .... $ 6.66666667 Class 4-B3 .... $ 6.62763584
--------------- ---------------
Class 4-A4 .... $ 6.66666549 Class 4-B4 .... $ 6.62762655
--------------- ---------------
Class 4-A5 .... $ 6.66666667 Class 4-B5 .... $ 6.62760709
--------------- ---------------
Class 4-A6 .... $ 6.66666667 Class 4-S ..... $ 0.41063133
--------------- ---------------
Class 4-M ..... $ 6.62763600 Class 4-R ..... $ 0.00000000
--------------- ---------------
iv) The amount of servicing compensation received by
GECMSI during the month preceding the month of
distribution ..................................... 0.13067359
---------------
(b) The amounts below are for the aggregate of all Certificates.
v) The Pool Scheduled Principal Balances of each
Mortgage Pool on the preceding Due Date after
giving effect to all distributions allocable to
principal made on such Distribution
Date ............................................. $ 68,397,316.07
---------------
The aggregate number of Mortgage Loans included in
the Scheduled Principal Balance set forth
above ............................................ 258
---------------
vi) The Class Certificate Principal Balance of each
Class and the Certificate Principal Balance of a
Single Certificate of each Class after giving
effect to (i) all distributions allocable to
principal made on such Distribution Date and (ii)
the allocation of any Realized Losses and any
Subordinate Writedown Certificate Amount for such
Distribution Date:
Class Certificate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 4-A1 .... $ 0.00 0.00
--------------- --------
Class 4-A2 .... $ 24,312,178.80 838.35
--------------- --------
Class 4-A3 .... $ 19,836,000.00 1,000.00
--------------- --------
Class 4-A4 .... $ 2,822,000.00 1,000.00
--------------- --------
Class 4-A5 .... $ 10,659,000.00 1,000.00
--------------- --------
Class 4-A6 .... $ 3,717,978.00 1,000.00
--------------- --------
Class 4-PO .... $ 225,444.34 987.73
--------------- --------
Class 4-M ..... $ 2,681,138.44 993.51
--------------- --------
Class 4-B1 .... $ 1,218,699.55 993.51
--------------- --------
Class 4-B2 .... $ 1,218,699.55 993.51
--------------- --------
Class 4-B3 .... $ 828,715.27 993.51
--------------- --------
Class 4-B4 .... $ 292,487.96 993.51
--------------- --------
Class 4-B5 .... $ 584,974.16 993.51
--------------- --------
Class 4-S ..... $ 63,338,406.94 680.87
--------------- --------
Class 4-R ..... $ 0.00 0.00
--------------- --------
<PAGE>
vii) The following pertains to any real estate acquired
on behalf of Certificateholders through
foreclosure, or grant of a deed in lieu of
foreclosure or otherwise, of any REO Mortgage
Loan:
book value ....................................... $ 0
---------------
unpaid principal balance ......................... $ 0
---------------
number of related mortgage loans ................. 0
---------------
viii) The aggregate number and aggregate Principal
Balances of Mortgage Loans which, as of the close
of business on the last day of the month preceding
the related Determination Date, were;
(a) delinquent
(1) 30-59 days
Number 6 Principal Balance $1,403,233.45
------------- -------------
(2) 60-89 days
Number 0 Principal Balance $0.00
------------- -------------
(3) 90 days or more
Number 1 Principal Balance $298,654.07
------------- -------------
(b) in foreclosure
Number 1 Principal Balance $226,352.55
------------- -------------
ix) The Scheduled Principal Balance of any Mortgage
Loan replaced pursuant to Section 2.03(b), and of
any Modified Mortgage Loan purchased pursuant to
Section 3.01(c); ................................. $ 0.00
---------------
x) The Certificate Interest Rates, applicable to the
Interest Accrual Period relating to such
Distribution Date:
Class 4-S: ........................ 0.711846%
--------
xi) The Senior Percentage for such Distribution Date;. 90.135953%
---------------
The Junior Percentage for such Distribution Date; 9.864047%
---------------
xii) The Senior Prepayment Percentage for such
Distribution Date; ............................... 100.000000%
---------------
The Junior Prepayment Percentage for such
Distribution Date; ............................... 0.000000%
---------------
<PAGE>
Exhibit 99.9
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
MAY 1996
REMIC Multi-Class Pass-Through Certificates
Series 1995-5
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1995
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate Scheduled Monthly Payments:
(a) Principal .................................... $ 98,861.67
---------------
(b) Interest ..................................... $ 1,022,585.22
---------------
(c) Total ........................................ $ 1,121,446.89
---------------
2. Aggregate Monthly Payments Received and Monthly
Advances made this month:
(a) Principal .................................... $ 98,861.67
---------------
(b) Interest ..................................... $ 997,835.78
---------------
(c) Total ........................................ $ 1,096,697.45
---------------
3 Aggregate Principal Prepayments in part received
and applied in prior month: ...................... $ 48,933.23
---------------
4. Aggregate Principal Prepayments in full received
in prior month:
(a) Principal .................................... $ 888,158.15
---------------
(b) Interest ..................................... $ 5,086.77
---------------
(c) Total ........................................ $ 893,244.92
---------------
<PAGE>
5. Aggregate Insurance Proceeds for prior month:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
6. Aggregate Liquidation Proceeds for prior month:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
7. Aggregate Purchase Prices for Defaulted and
Modified Mortgage Loans:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
8. Aggregate Purchase Prices ( and substitution
adjustments) for Defective Mortgage Loans:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
9. Pool Scheduled Principal Balance:................. $143,425,243.25
---------------
10. Available Funds:.................................. $ 2,038,875.60
---------------
11. Realized Losses for prior month:.................. $ 0.00
---------------
12. Aggregate Realized Losses:
(a) Deficient Valuations: ........................ $ 0.00
---------------
(b) Special Hazard Losses: ....................... $ 0.00
---------------
(c) Fraud Losses: ................................ $ 0.00
---------------
(d) Excess Bankruptcy Losses: .................... $ 0.00
---------------
(e) Excess Special Hazard Losses: ................ $ 0.00
---------------
(f) Excess Fraud Losses: ......................... $ 0.00
---------------
(g) Debt Service Reductions: ..................... $ 0.00
---------------
13. Compensating Interest Payment:.................... $ 1,645.54
---------------
<PAGE>
14. Accrued Certificate Interest, Unpaid Class
Interest Shortfalls and Pay-out Rate:
Class 5-A1 ............... $370,235.78 $ 0.00 7.50000000%
----------- --------------- ----------
Class 5-A2 ............... $223,956.25 $ 0.00 7.50000000%
----------- --------------- ----------
Class 5-A3 ............... $ 60,356.25 $ 0.00 7.50000000%
----------- --------------- ----------
Class 5-A4 ............... $ 40,410.00 $ 0.00 9.00000000%
----------- --------------- ----------
Class 5-A5 ............... $ 51,718.33 $ 0.00 7.00000000%
----------- --------------- ----------
Class 5-A6 ............... $ 3,556.25 $ 0.00 7.50000000%
----------- --------------- ----------
Class 5-A7 ............... $ 43,125.00 $ 0.00 7.50000000%
----------- --------------- ----------
Class 5-A8 ............... $ 42,577.50 $ 0.00 7.00000000%
----------- --------------- ----------
Class 5-M ................ $ 21,998.51 $ 0.00 7.50000000%
----------- --------------- ----------
Class 5-B1 ............... $ 13,752.18 $ 0.00 7.50000000%
----------- --------------- ----------
Class 5-B2 ............... $ 16,498.89 $ 0.00 7.50000000%
----------- --------------- ----------
Class 5-B3 ............... $ 5,499.63 $ 0.00 7.50000000%
----------- --------------- ----------
Class 5-B4 ............... $ 2,749.81 $ 0.00 7.50000000%
----------- --------------- ----------
Class 5-B5 ............... $ 5,510.77 $ 0.00 7.50000000%
----------- --------------- ----------
Class 5-S ................ $100,976.54 $ 0.00 0.86938848%
----------- --------------- ----------
Class 5-R ................ $ 0.63 $ 0.00 7.50000000%
----------- --------------- ----------
15. Principal distributable
Class 5-A1 .... $ 1,028,572.07 Class 5-PO .... $ 157.04
--------------- ---------------
Class 5-A2 .... $ 0.00 Class 5-M ..... $ 2,407.46
--------------- ---------------
Class 5-A3 .... $ 0.00 Class 5-B1 .... $ 1,505.00
--------------- ---------------
Class 5-A4* ... $ 0.00 Class 5-B2 .... $ 1,805.59
--------------- ---------------
Class 5-A5* ... $ 0.00 Class 5-B3 .... $ 601.86
--------------- ---------------
Class 5-A6* ... $ 0.00 Class 5-B4 .... $ 300.93
--------------- ---------------
Class 5-A7 .... $ 0.00 Class 5-B5 .... $ 603.10
--------------- ---------------
Class 5-A8 .... $ 0.00 Class 5-R ..... $ 0.00
--------------- ---------------
16. Additional distributions to the Class 5-R
Certificate pursuant to Section 4.01(b):.......... $ 0.00
---------------
17. Certificate Interest Rates of:
Class 5-S Certificates:............ 0.869388%
--------
* After giving effect to reimbursement of related Rounding Account and
withdrawal of Rounding Amount on such Distribution Date pursuant to Section
4.01(e)
<PAGE>
18. The Rounding Account for:
Class A4 Certificates ............................ $ 999.99
---------------
Class A5 Certificates ............................ $ 999.99
---------------
Class A6 Certificates ............................ $ 999.99
---------------
B. Other Amounts:
1. Senior Percentage for such Distribution Date: .... 92.681405%
---------------
2. Senior Prepayment Percentage for such Distribution
Date: ............................................ 100.000000%
---------------
3. Junior Percentage for such Distribution Date: .... 7.318595%
---------------
4. Junior Prepayment Percentage for such Distribution
Date: ............................................ 0.000000%
---------------
5. Subordinate Certificate Writedown Amount for such
Distribution Date: ............................... $ 0.00
---------------
6. Prepayment Distribution Triggers satisfied:
YES NO
--- --
Class 5-B1........ X
-------- --------
Class 5-B2........ X
-------- --------
Class 5-B3........ X
-------- --------
Class 5-B4........ X
-------- --------
Class 5-B5........ X
-------- --------
C. Rounding Account Activity:
Class A4 Class A5 Class A6
1. Opening Balance $999.99 $999.99 $999.99
------- ------- -------
2. Reimbursement
pursuant to Section
4.01(e) (i) $0.00 $0.00 $0.00
------- ------- -------
3. Rounding Amount
(withdrawal) $0.00 $0.00 $0.00
------- ------- -------
4. Closing Balance $999.99 $999.99 $999.99
------- ------- -------
<PAGE>
5. Amount, if any
distributable to
Class R Certificates
(pursuant to Section
4.01(e)) as set forth
in A. (16) above $0.00 $0.00 $0.00
------- ------- -------
reimbursable on next
Distribution Date
(same as 3 above) $0.00 $0.00 $0.00
------- ------- -------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
-----------------------------------
Karen Pickett
Vice-President,
Investor Operations
<PAGE>
Exhibit 99.10
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
MAY 1996
REMIC Multi-Class Pass-Through Certificates
Series 1995-5
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1995
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
(a) The amounts below (other than for Class R) are for a Single Certificate of
$1,000.
i) The amount of such distribution allocable to
principal:
Class 5-A1 .... $ 11.21340576 Class 5-PO .... $ 1.02204258
--------------- ---------------
Class 5-A2 .... $ 0.00000000 Class 5-M ..... $ 0.68007345
--------------- ---------------
Class 5-A3 .... $ 0.00000000 Class 5-B1 .... $ 0.68007230
--------------- ---------------
Class 5-A4 .... $ 0.00000000 Class 5-B2 .... $ 0.68007156
--------------- ---------------
Class 5-A5 .... $ 0.00000000 Class 5-B3 .... $ 0.68006780
--------------- ---------------
Class 5-A6 .... $ 0.00000000 Class 5-B4 .... $ 0.68006780
--------------- ---------------
Class 5-A7 .... $ 0.00000000 Class 5-B5 .... $ 0.68009164
--------------- ---------------
Class 5-A8 .... $ 0.00000000 Class 5-R ..... $ 0.00000000
--------------- ---------------
ii) Principal Prepayments included in the above
principal distribution (including the Scheduled
Principal Balances of all Defaulted Mortgage Loans
and Defective Mortgage Loans purchased pursuant to
Section 2.02, 2.03(b) or 3.16, respectively, and
any amounts deposited pursuant to Section 2.03(b)
in connection with the substitution of any
Mortgage Loans pursuant to Section 2.02 or
2.03(a), the proceeds of which are being
distributed on such Distribution Date);
Class 5-A1 .... $ 10.21453144 Class 5-PO .... $ 0.93100047
--------------- ---------------
Class 5-A2 .... $ 0.00000000 Class 5-M ..... $ 0.00000000
--------------- ---------------
Class 5-A3 .... $ 0.00000000 Class 5-B1 .... $ 0.00000000
--------------- ---------------
Class 5-A4 .... $ 0.00000000 Class 5-B2 .... $ 0.00000000
--------------- ---------------
Class 5-A5 .... $ 0.00000000 Class 5-B3 .... $ 0.00000000
--------------- ---------------
Class 5-A6 .... $ 0.00000000 Class 5-B4 .... $ 0.00000000
--------------- ---------------
Class 5-A7 .... $ 0.00000000 Class 5-B5 .... $ 0.00000000
--------------- ---------------
Class 5-A8 .... $ 0.00000000 Class 5-R ..... $ 0.00000000
--------------- ---------------
<PAGE>
iii) The amount of such distribution to the
Certificateholders of each class, allocable to
Interest:
Class 5-A1 .... $ 4.03627918 Class 5-M ..... $ 6.21426836
--------------- ---------------
Class 5-A2 .... $ 6.25000000 Class 5-B1 .... $ 6.21427022
--------------- ---------------
Class 5-A3 .... $ 6.25000000 Class 5-B2 .... $ 6.21427119
--------------- ---------------
Class 5-A4 .... $ 7.50000000 Class 5-B3 .... $ 6.21427119
--------------- ---------------
Class 5-A5 .... $ 5.83333296 Class 5-B4 .... $ 6.21425989
--------------- ---------------
Class 5-A6 .... $ 6.25000000 Class 5-B5 .... $ 6.21427390
--------------- ---------------
Class 5-A7 .... $ 6.25000000 Class 5-R ..... $ 6.30000000
--------------- ---------------
Class 5-A8 .... $ 5.83333333
---------------
iv) The amount of servicing compensation received by
GECMSI during the month preceding the month of
distribution ..................................... 0.14966417
---------------
(b) The amounts below are for the aggregate of all Certificates.
v) The Pool Scheduled Principal Balances of each
Mortgage Pool on the preceding Due Date after
giving effect to all distributions allocable to
principal made on such Distribution
Date ............................................. $143,425,243.25
---------------
The aggregate number of Mortgage Loans included in
the Scheduled Principal Balance set forth
above ............................................ 530
---------------
vi) The Class Certificate Principal Balance of each
Class and the Certificate Principal Balance of a
Single Certificate of each Class after giving
effect to (i) all distributions allocable to
principal made on such Distribution Date and (ii)
the allocation of any Realized Losses and any
Subordinate Writedown Certificate Amount for such
Distribution Date:
Class Certificate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 5-A1 .... $ 58,209,152.21 634.59
--------------- ------
Class 5-A2 .... $ 35,833,000.00 1,000.00
--------------- ------
Class 5-A3 .... $ 9,657,000.00 1,000.00
--------------- ------
Class 5-A4 .... $ 5,388,000.00 1,000.00
--------------- ------
Class 5-A5 .... $ 8,866,000.00 1,000.00
--------------- ------
Class 5-A6 .... $ 569,000.00 1,000.00
--------------- ------
Class 5-A7 .... $ 6,900,000.00 1,000.00
--------------- ------
Class 5-A8 .... $ 7,299,000.00 1,000.00
--------------- ------
Class 5-PO .... $ 149,649.29 973.94
--------------- ------
Class 5-M ..... $ 3,517,354.73 993.60
--------------- ------
Class 5-B1 .... $ 2,198,843.50 993.60
--------------- ------
Class 5-B2 .... $ 2,638,016.04 993.60
--------------- ------
Class 5-B3 .... $ 879,338.69 993.60
--------------- ------
Class 5-B4 .... $ 439,669.33 993.60
--------------- ------
Class 5-B5 .... $ 881,119.46 993.60
--------------- ------
Class 5-S ..... $138,344,738.88 805.05
--------------- ------
Class 5-R ..... $ 100.00 1,000.00
--------------- ------
<PAGE>
vii) The following pertains to any real estate acquired
on behalf of Certificateholders through
foreclosure, or grant of a deed in lieu of
foreclosure or otherwise, of any REO Mortgage
Loan:
book value ....................................... $ 0
---------------
unpaid principal balance ......................... $ 0
---------------
number of related mortgage loans ................. 0
---------------
viii) The aggregate number and aggregate Principal
Balances of Mortgage Loans which, as of the close
of business on the last day of the month preceding
the related Determination Date, were;
(a) delinquent
(1) 30-59 days
Number 6 Principal Balance $1,583,646.07
------------- -------------
(2) 60-89 days
Number 1 Principal Balance $252,658.02
------------- -------------
(3) 90 days or more
Number 2 Principal Balance $644,101.96
------------- -------------
(b) in foreclosure
Number 2 Principal Balance $457,161.36
------------- -------------
ix) The Scheduled Principal Balance of any Mortgage
Loan replaced pursuant to Section 2.03(b), and of
any Modified Mortgage Loan purchased pursuant to
Section 3.01(c); ................................. $ 0.00
---------------
x) The Certificate Interest Rates, applicable to the
Interest Accrual Period relating to such
Distribution Date:
Class 5-S: ........................ 0.869388%
--------
xi) The Senior Percentage for such Distribution Date; 92.681405%
---------------
The Junior Percentage for such Distribution Date; 7.318595%
---------------
xii) The Senior Prepayment Percentage for such
Distribution Date; ............................... 100.000000%
---------------
The Junior Prepayment Percentage for such
Distribution Date; ............................... 0.000000%
---------------
<PAGE>
Exhibit 99.11
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
MAY 1996
REMIC Multi-Class Pass-Through Certificates
Series 1995-6
Pursuant to the Pooling and Servicing Agreement dated as of August 1, 1995
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate Scheduled Monthly Payments:
(a) Principal .................................... $ 155,044.51
---------------
(b) Interest ..................................... $ 1,507,508.94
---------------
(c) Total ........................................ $ 1,662,553.45
---------------
2. Aggregate Monthly Payments Received and Monthly
Advances made this month:
(a) Principal .................................... $ 155,044.51
---------------
(b) Interest ..................................... $ 1,468,990.32
---------------
(c) Total ........................................ $ 1,624,034.83
---------------
3. Aggregate Principal Prepayments in part received
and applied in prior month: ...................... $ 89,301.58
---------------
4. Aggregate Principal Prepayments in full received
in prior month:
(a) Principal .................................... $ 232,228.34
---------------
(b) Interest ..................................... $ 1,211.64
---------------
(c) Total ........................................ $ 233,439.98
---------------
<PAGE>
5. Aggregate Insurance Proceeds for prior month:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
6. Aggregate Liquidation Proceeds for prior month:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
7. Aggregate Purchase Prices for Defaulted and
Modified Mortgage Loans:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
8. Aggregate Purchase Prices ( and substitution
adjustments) for Defective Mortgage Loans:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
9. Pool Scheduled Principal Balance:................. $218,493,556.86
---------------
10. Available Funds:.................................. $ 1,946,776.39
---------------
11. Realized Losses for prior month: ................. $ 0.00
---------------
12. Aggregate Realized Losses:
(a) Deficient Valuations: ........................ $ 0.00
---------------
(b) Special Hazard Losses: ....................... $ 0.00
---------------
(c) Fraud Losses: ................................ $ 0.00
---------------
(d) Excess Bankruptcy Losses: .................... $ 0.00
---------------
(e) Excess Special Hazard Losses: ................ $ 0.00
---------------
(f) Excess Fraud Losses: ......................... $ 0.00
---------------
(g) Debt Service Reductions: ..................... $ 0.00
---------------
13. Non-Credit Losses:................................ $ 0.00
---------------
14. Compensating Interest Payment:.................... $ 974.63
---------------
<PAGE>
15. Accrued Certificate Interest, Unpaid Class
Interest Shortfalls and Pay-out Rate:
Class 6-A1 ............... $466,394.95 $ 0.00 7.00000000%
----------- --------------- ----------
Class 6-A2 ............... $147,326.99 $ 0.00 7.00000000%
----------- --------------- ----------
Class 6-A3 ............... $253,843.33 $ 0.00 7.00000000%
----------- --------------- ----------
Class 6-A4 ............... $170,222.50 $ 0.00 7.00000000%
----------- --------------- ----------
Class 6-A5 ............... $156,537.50 $ 0.00 7.50000000%
----------- --------------- ----------
Class 6-B1 ............... $ 25,258.71 $ 0.00 7.00000000%
----------- --------------- ----------
Class 6-B2 ............... $ 18,040.28 $ 0.00 7.00000000%
----------- --------------- ----------
Class 6-B3 ............... $ 21,649.49 $ 0.00 7.00000000%
----------- --------------- ----------
Class 6-B4 ............... $ 7,218.43 $ 0.00 7.00000000%
----------- --------------- ----------
Class 6-B5 ............... $ 3,609.22 $ 0.00 7.00000000%
----------- --------------- ----------
Class 6-B6 ............... $ 7,218.54 $ 0.00 7.00000000%
----------- --------------- ----------
Class 6-S ................ $192,876.19 $ 0.00 1.05700000%
----------- --------------- ----------
Class 6-R ................ $ 5.83 $ 0.00 7.00000000%
----------- --------------- ----------
16. Principal distributable:
Class 6-A1 ........................... $ 387,280.89
--------------
Class 6-A2 ........................... $ 79,219.52
--------------
Class 6-A3 ........................... $ 0.00
--------------
Class 6-A4 ........................... $ 0.00
--------------
Class 6-A5 ........................... $ 0.00
--------------
Class 6-A6PO ......................... $ 0.00
--------------
Class 6-B1 ........................... $ 3,065.94
--------------
Class 6-B2 ........................... $ 2,189.76
--------------
Class 6-B3 ........................... $ 2,627.85
--------------
Class 6-B4 ........................... $ 876.18
--------------
Class 6-B5 ........................... $ 438.09
--------------
Class 6-B6 ........................... $ 876.20
--------------
Class 6-R ............................ $ 0.00
--------------
17. Additional distributions to the Class 6-R
Certificate pursuant to Section 4.01(b):.......... $ 0.00
---------------
18. Certificate Interest Rates of:
Class 6-S Certificates:............ 1.057000%
--------
19. The Rounding Account for:
Class 6-A5 Certificates:........... 999.99
--------
<PAGE>
B. Other Amounts:
1. Senior Percentage for such Distribution Date: .... 93.502500%
---------------
2. Senior Prepayment Percentage for such Distribution
Date: ............................................ 100.000000%
---------------
3. Junior Percentage for such Distribution Date: .... 6.497500%
---------------
4. Junior Prepayment Percentage for such Distribution
Date: ............................................ 0.000000%
---------------
5. Subordinate Certificate Writedown Amount for such
Distribution Date: ............................... $ 0.00
---------------
6. Prepayment Distribution Triggers satisfied:
YES NO
--- --
Class 6-B2....... X
-------- --------
Class 6-B3....... X
-------- --------
Class 6-B4....... X
-------- --------
Class 6-B5....... X
-------- --------
Class 6-B6....... X
-------- --------
C. Rounding Account Activity:
1. Opening Balance .................................. $ 999.99
---------------
2. Reimbursement pursuant to Section 4.09(e) ........ $ 0.00
---------------
3. Rounding Amount (withdrawal) ..................... $ 0.00
---------------
4. Closing Balance .................................. $ 999.99
---------------
5. Amount, if any, distributable to Class R
Certificates (pursuant to Section 4.01 (e)) as set
forth in A. (17) above .......................... $ 0.00
---------------
<PAGE>
6. Amount to be reimbursable on next Distribution
Date (same as 3 above) ........................... $ 0.00
---------------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
-----------------------------------
Karen Pickett
Vice-President,
Investor Operations
<PAGE>
Exhibit 99.12
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
MAY 1996
REMIC Multi-Class Pass-Through Certificates
Series 1995-6
Pursuant to the Pooling and Servicing Agreement dated as of August 1, 1995
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
(a) The amounts below are for a Single Certificate of $1,000.
i) The amount of such distribution allocable to
principal:
Class 6-A1 ............... $3.70242340 Class 6-B1 $0.70432829
----------- -----------
Class 6-A2 ............... $2.61467811 Class 6-B2 $0.70432829
----------- -----------
Class 6-A3 ............... $0.00000000 Class 6-B3 $0.70432829
----------- -----------
Class 6-A4 ............... $0.00000000 Class 6-B4 $0.70432828
----------- -----------
Class 6-A5 ............... $0.00000000 Class 6-B5 $0.70432829
----------- -----------
Class 6-A6PO ............. $0.00000000 Class 6-B6 $0.70432828
----------- -----------
Class 6-R ................ $0.00000000
-----------
ii) Principal Prepayments included in the above
principal distribution (including the Scheduled
Principal Balances of all Defaulted Mortgage Loans
and Defective Mortgage Loans purchased pursuant to
Section 2.02, 2.03 (b) or 3.16, respectively, and
any amounts deposited pursuant to Section 2.03(b)
in connection with the substitution of any
Mortgage Loans pursuant to Section 2.02 or
2.03(a), the proceeds of which are being
distributed on such Distribution Date);
Class 6-A1 ............... $2.55185178 Class 6-B1 $0.48544999
----------- -----------
Class 6-A2 ............... $1.80213613 Class 6-B2 $0.48544999
----------- -----------
Class 6-A3 ............... $0.00000000 Class 6-B3 $0.00000000
----------- -----------
Class 6-A4 ............... $0.00000000 Class 6-B4 $0.00000000
----------- -----------
Class 6-A5 ............... $0.00000000 Class 6-B5 $0.00000000
----------- -----------
Class 6-A6PO ............. $0.00000000 Class 6-B6 $0.00000000
----------- -----------
Class 6-R ................ $0.00000000
-----------
<PAGE>
iii) The amount of such distribution to the
Certificateholders of each class, allocable to
Interest:
Class 6-A1 ............... 4.45875748 Class 6-B1 5.80259821
----------- -----------
Class 6-A2 ............... 4.86259786 Class 6-B2 5.80259891
----------- -----------
Class 6-A3 ............... 5.83333326 Class 6-B3 5.80259716
----------- -----------
Class 6-A4 ............... 5.83333333 Class 6-B4 5.80259646
----------- -----------
Class 6-A5 ............... 6.25000000 Class 6-B5 5.80260450
----------- -----------
Class 6-B6 ............... 5.80260219
-----------
Class 6-S ................ 0.77542526
-----------
iv) The amount of servicing compensation received by
GECMSI during the month preceding the month of
distribution ..................................... 39,430.55
---------------
(b) The amounts below are for the aggregate of all Certificates.
v) The Pool Scheduled Principal Balances of each
Mortgage Pool on the preceding Due Date after
giving effect to all distributions allocable to
principal made on such Distribution
Date ............................................. $218,493,556.86
---------------
The aggregate number of Mortgage Loans included in
the Scheduled Principal Balance set forth
above ............................................ 788
---------------
vi) The Class Certificate Principal Balance of each
Class and the Certificate Principal Balance of a
Single Certificate of each Class after giving
effect to (i) all distributions allocable to
principal made on such Distribution Date and (ii)
the allocation of any Realized Losses and any
Subordinate Writedown Certificate Amount for such
Distribution Date:
Class Certificate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 6-A1 .... $ 79,566,139.47 760.66
--------------- --------
Class 6-A2 .... $ 25,176,836.44 830.97
--------------- --------
Class 6-A3 .... $ 43,516,000.00 1,000.00
--------------- --------
Class 6-A4 .... $ 29,181,000.00 1,000.00
--------------- --------
Class 6-A5 .... $ 25,046,000.00 1,000.00
--------------- --------
Class 6-A6PO .. $ 1,789,000.00 1,000.00
--------------- --------
Class 6-B1 .... $ 4,326,998.06 994.03
--------------- --------
Class 6-B2 .... $ 3,090,428.90 994.03
--------------- --------
Class 6-B3 .... $ 3,708,713.47 994.03
--------------- --------
Class 6-B4 .... $ 1,236,569.16 994.03
--------------- --------
Class 6-B5 .... $ 618,284.59 994.03
--------------- --------
Class 6-B6 .... $ 1,236,586.77 994.03
--------------- --------
Class 6-S ..... $218,493,556.86 878.42
--------------- --------
Class 6-R ..... $ 1,000.00 1,000.00
--------------- --------
<PAGE>
vii) The following pertains to any real estate acquired
on behalf of Certificateholders through
foreclosure, or grant of a deed in lieu of
foreclosure or otherwise, of any REO Mortgage
Loan:
book value ....................................... $ 0
---------------
unpaid principal balance ......................... $ 0
---------------
number of related mortgage loans ................. 0
---------------
viii) The aggregate number and aggregate Principal
Balances of Mortgage Loans which, as of the close
of business on the last day of the month preceding
the related Determination Date, were;
(a) delinquent
(1) 30-59 days
Number 8 Principal Balance $2,298,239.12
------------- -------------
(2) 60-89 days
Number 1 Principal Balance $348,620.39
------------- -------------
(3) 90 days or more
Number 0 Principal Balance $0.00
------------- -------------
(b) in foreclosure
Number 0 Principal Balance $0.00
------------- -------------
ix) The Scheduled Principal Balance of any Mortgage
Loan replaced pursuant to Section 2.03(b), and of
any Modified Mortgage Loan purchased pursuant to
Section 3.01(c); ................................. $ 0.00
---------------
x) The Certificate Interest Rates, applicable to the
Interest Accrual Period relating to such
Distribution Date:
Class 6-S: ........................ 1.057000%
--------
xi) The Senior Percentage for such Distribution Date; 93.502500%
---------------
The Junior Percentage for such Distribution Date; 6.497500%
---------------
xii) The Senior Prepayment Percentage for such
Distribution Date; ............................... 100.000000%
---------------
The Junior Prepayment Percentage for such
Distribution Date; ............................... 0.000000%
---------------
<PAGE>
Exhibit 99.13
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
MAY 1996
REMIC Multi-Class Pass-Through Certificates
Series 1995-7
Pursuant to the Pooling and Servicing Agreement dated as of September 1,
1995 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank and Trust Company (the "Trustee"), governing
the Certificates referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate Scheduled Monthly Payments:
(a) Principal .................................... $ 255,985.44
---------------
(b) Interest ..................................... $ 2,440,829.83
---------------
(c) Total ........................................ $ 2,696,815.27
---------------
2. Aggregate Monthly Payments Received and Monthly
Advances made this month:
(a) Principal .................................... $ 255,985.44
---------------
(b) Interest ..................................... $ 2,378,158.51
---------------
(c) Total ........................................ $ 2,634,143.95
---------------
3. Aggregate Principal Prepayments in part received
and applied in prior month: ...................... $ 71,767.65
---------------
4. Aggregate Principal Prepayments in full received
in prior month:
(a) Principal .................................... $ 2,397,910.97
---------------
(b) Interest ..................................... $ 13,254.45
---------------
(c) Total ........................................ $ 2,411,165.42
---------------
<PAGE>
5. Aggregate Insurance Proceeds for prior month:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
6. Aggregate Liquidation Proceeds for prior month:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
7. Aggregate Purchase Prices for Defaulted and
Modified Mortgage Loans:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
8. Aggregate Purchase Prices ( and substitution
adjustments) for Defective Mortgage Loans:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
9. Pool Scheduled Principal Balance: ................ $358,306,615.22
---------------
10. Available Funds: ................................. $ 5,117,077.02
---------------
11. Realized Losses for prior month: ................. $ 0.00
---------------
12. Aggregate Realized Losses:
(a) Deficient Valuations: ........................ $ 0.00
---------------
(b) Special Hazard Losses: ....................... $ 0.00
---------------
(c) Fraud Losses: ................................ $ 0.00
---------------
(d) Excess Bankruptcy Losses: .................... $ 0.00
---------------
(e) Excess Special Hazard Losses: ................ $ 0.00
---------------
(f) Excess Fraud Losses: ......................... $ 0.00
---------------
(g) Debt Service Reductions: ..................... $ 0.00
---------------
13. Non-Credit Losses: ............................... $ 0.00
---------------
14. Compensating Interest Payment:.................... $ 3,672.30
---------------
<PAGE>
15. Accrued Certificate Interest, Unpaid Class
Interest Shortfalls and Pay-out Rate:
Class 7-A1 ............... $864,330.75 $ 0.00 7.50000000%
----------- --------------- ----------
Class 7-A2 ............... $188,727.94 $ 0.00 7.50000000%
----------- --------------- ----------
Class 7-A3 ............... $335,206.25 $ 0.00 7.50000000%
----------- --------------- ----------
Class 7-A4 ............... $315,650.00 $ 0.00 7.50000000%
----------- --------------- ----------
Class 7-A5 ............... $ 0.00 $ 0.00 7.50000000%
----------- --------------- ----------
Class 7-A6 ............... $124,944.94 $ 0.00 7.50000000%
----------- --------------- ----------
Class 7-L ................ $186,615.58 $ 0.00 7.50000000%
----------- --------------- ----------
Class 7-MA ............... $ 31,102.60 $ 0.00 7.50000000%
----------- --------------- ----------
Class 7-M ................ $ 49,770.66 $ 0.00 7.50000000%
----------- --------------- ----------
Class 7-B1 ............... $ 31,106.67 $ 0.00 7.50000000%
----------- --------------- ----------
Class 7-B2 ............... $ 31,106.67 $ 0.00 7.50000000%
----------- --------------- ----------
Class 7-B3 ............... $ 18,664.00 $ 0.00 7.50000000%
----------- --------------- ----------
Class 7-B4 ............... $ 6,221.33 $ 0.00 7.50000000%
----------- --------------- ----------
Class 7-B5 ............... $ 12,442.69 $ 0.00 7.50000000%
----------- --------------- ----------
Class 7-S ................ $142,608.78 $ 0.00 0.53683777%
----------- --------------- ----------
Class 7-R ................ $ 0.00 $ 0.00 7.50000000%
----------- --------------- ----------
16. Principal distributable:
Class 7-A1 ......................... $ 2,399,351.50
----------------
Class 7-A2 ......................... $ 336,142.78
----------------
Class 7-A3 ......................... $ 0.00
----------------
Class 7-A4 ......................... $ 0.00
----------------
Class 7-A5 ......................... $ 0.00
----------------
Class 7-A6 ......................... $ 0.00
----------------
Class 7-L .......................... $ 21,151.76
----------------
Class 7-MA ......................... $ 3,525.29
----------------
Class 7-PO ......................... $ 1,483.57
----------------
Class 7-M .......................... $ 5,641.20
----------------
Class 7-B1 ......................... $ 3,525.75
----------------
Class 7-B2 ......................... $ 3,525.75
----------------
Class 7-B3 ......................... $ 2,115.45
----------------
Class 7-B4 ......................... $ 705.15
----------------
Class 7-B5 ......................... $ 1,410.32
----------------
Class 7-R .......................... $ 0.00
----------------
17. Additional distributions to the Class 7-R
Certificate pursuant to Section 4.01(b): ......... $ 0.00
---------------
18. Certificate Interest Rates of:
Class 7-S Certificates:............ 0.474000%
--------
<PAGE>
B. Other Amounts:
1. Senior Percentage for such Distribution Date: .... 93.360383%
---------------
2. Group I Senior Percentage for such Distribution
Date: ............................................ 83.678875%
---------------
3. Group II Senior Percentage for such Distribution
Date: ............................................ 9.681508%
---------------
4. Senior Prepayment Percentage for such Distribution
Date: ............................................ 100.000000%
---------------
5. Group I Senior Prepayment Percentage for such
Distribution Date: ............................... 100.000000%
---------------
6. Group II Senior Prepayment Percentage for such
Distribution Date: ............................... 0.000000%
---------------
7. Junior Percentage for such Distribution Date: .... 6.639617%
---------------
8. Junior Prepayment Percentage for such Distribution
Date: ............................................ 0.000000%
---------------
9. Subordinate Certificate Writedown Amount for such
Distribution Date: ............................... $ 0.00
---------------
10. Prepayment Distribution Triggers satisfied:
YES NO
--- --
Class 7-B1....... X
-------- --------
Class 7-B2....... X
-------- --------
Class 7-B3....... X
-------- --------
Class 7-B4....... X
-------- --------
Class 7-B5....... X
-------- --------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
-----------------------------------
Karen Pickett
Vice-President,
Investor Operations
<PAGE>
Exhibit 99.14
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
MAY 1996
REMIC Multi-Class Pass-Through Certificates
Series 1995-7
Pursuant to the Pooling and Servicing Agreement dated as of September 1,
1995 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank and Trust Company (the "Trustee"), governing
the Certificates referred to above, the Company hereby certifies to the Trustee:
(a) The amounts below (other than for Class R) are for a Single Certificate of
$1,000:
i) The amount of such distribution allocable to
principal:
Class 7-A1 .... $ 13.90283637 Class 7-PO .... $ 1.20038773
--------------- ---------------
Class 7-A2 .... $ 9.60407943 Class 7-M ..... $ 0.70505781
--------------- ---------------
Class 7-A3 .... $ 0.00000000 Class 7-B1 .... $ 0.70505778
--------------- ---------------
Class 7-A4 .... $ 0.00000000 Class 7-B2 .... $ 0.70505778
--------------- ---------------
Class 7-A5 .... $ 0.00000000 Class 7-B3 .... $ 0.70505787
--------------- ---------------
Class 7-A6 .... $ 0.00000000 Class 7-B4 .... $ 0.70505834
--------------- ---------------
Class 7-L ..... $ 0.70505867 Class 7-B5 .... $ 0.70506630
--------------- ---------------
Class 7-MA .... $ 0.70505800 Class 7-R ..... $ 0.00000000
--------------- ---------------
ii) Principal Prepayments included in the above
principal distribution (including the Scheduled
Principal Balances of all Defaulted Mortgage Loans
and Defective Mortgage Loans purchased pursuant to
Section 2.02, 2.03 (b) or 3.16, respectively, and
any amounts deposited pursuant to Section 2.03(b)
in connection with the substitution of any
Mortgage Loans pursuant to Section 2.02 or
2.03(a), the proceeds of which are being
distributed on such Distribution Date);
Class 7-A1 .... $ 12.67583162 Class 7-M ..... $ 0.00000000
--------------- ---------------
Class 7-A2 .... $ 8.75646454 Class 7-B1 .... $ 0.00000000
--------------- ---------------
Class 7-A3 .... $ 0.00000000 Class 7-B2 .... $ 0.00000000
--------------- ---------------
Class 7-A4 .... $ 0.00000000 Class 7-B3 .... $ 0.00000000
--------------- ---------------
Class 7-A5 .... $ 0.00000000 Class 7-B4 .... $ 0.00000000
--------------- ---------------
Class 7-A6 .... $ 0.00000000 Class 7-B5 .... $ 0.00000000
--------------- ---------------
Class 7-L ..... $ 0.64283321 Class 7-R ..... $ 0.00000000
--------------- ---------------
Class 7-MA .... $ 0.64283260
---------------
<PAGE>
iii) The amount of such distribution to the
Certificateholders of each class, allocable to
Interest:
Class 7-A1 .... 5.00829036 Class 7-M ..... 6.22051917
--------------- ---------------
Class 7-A2 .... 5.39222686 Class 7-B1 .... 6.22052036
--------------- ---------------
Class 7-A3 .... 6.25000000 Class 7-B2 .... 6.22052036
--------------- ---------------
Class 7-A4 .... 6.25000000 Class 7-B3 .... 6.22052052
--------------- ---------------
Class 7-A5 .... 0.00000000 Class 7-B4 .... 6.22052133
--------------- ---------------
Class 7-A6 .... 6.24999981 Class 7-B5 .... 6.22051832
--------------- ---------------
Class 7-L ..... 6.22051933 Class 7-R ..... 0.00000000
--------------- ---------------
Class 7-MA .... 6.22052000 Class 7-S ..... 0.35647530
--------------- ---------------
iv) The amount of servicing compensation received by
GECMSI during the month preceding the month of
distribution ..................................... 63,666.66
---------------
(b) The amounts below are for the aggregate of all Certificates.
v) The Pool Scheduled Principal Balances of each
Mortgage Pool on the preceding Due Date after
giving effect to all distributions allocable to
principal made on such Distribution
Date ............................................. $358,306,615.22
---------------
The aggregate number of Mortgage Loans included in
the Scheduled Principal Balance set forth
above ............................................ 1,302
---------------
vi) The Class Certificate Principal Balance of each
Class and the Certificate Principal Balance of a
Single Certificate of each Class after giving
effect to (i) all distributions allocable to
principal made on such Distribution Date and (ii)
the allocation of any Realized Losses and any
Subordinate Writedown Certificate Amount for such
Distribution Date:
Class Certificate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 7-A1 .... $135,893,567.72 787.42
--------------- --------
Class 7-A2 .... $ 29,860,328.20 853.15
--------------- --------
Class 7-A3 .... $ 53,633,000.00 1,000.00
--------------- --------
Class 7-A4 .... $ 50,504,000.00 1,000.00
--------------- --------
Class 7-A5 .... $ 8,519,226.52 1,051.11
--------------- --------
Class 7-A6 .... $ 19,991,191.00 1,000.00
--------------- --------
Class 7-L ..... $ 29,837,341.83 994.58
--------------- --------
Class 7-MA .... $ 4,972,890.31 994.58
--------------- --------
Class 7-PO .... $ 1,222,071.40 988.80
--------------- --------
Class 7-M ..... $ 7,957,664.82 994.58
--------------- --------
Class 7-B1 .... $ 4,973,540.78 994.58
--------------- --------
Class 7-B2 .... $ 4,973,540.78 994.58
--------------- --------
Class 7-B3 .... $ 2,984,124.07 994.58
--------------- --------
Class 7-B4 .... $ 994,707.37 994.58
--------------- --------
<PAGE>
Class 7-B5 .... $ 1,989,420.42 994.58
--------------- --------
Class 7-R ..... $ 0.00 0.00
--------------- --------
Class 7-S ..... $318,775,135.02 886.24
--------------- --------
vii) The following pertains to any real estate acquired
on behalf of Certificateholders through
foreclosure, or grant of a deed in lieu of
foreclosure or otherwise, of any REO Mortgage
Loan:
book value ....................................... $ 0
---------------
unpaid principal balance ......................... $ 0
---------------
number of related mortgage loans ................. 0
---------------
viii) The aggregate number and aggregate Principal
Balances of Mortgage Loans which, as of the close
of business on the last day of the month preceding
the related Determination Date, were;
(a) delinquent
(1) 30-59 days
Number 10 Principal Balance $2,530,301.96
------------- -------------
(2) 60-89 days
Number 2 Principal Balance $561,838.03
------------- -------------
(3) 90 days or more
Number 1 Principal Balance $261,837.91
------------- -------------
(b) in foreclosure
Number 0 Principal Balance $0.00
------------- -------------
ix) The Scheduled Principal Balance of any Mortgage
Loan replaced pursuant to Section 2.03(b), and of
any Modified Mortgage Loan purchased pursuant to
Section 3.01(c); ................................. $ 0.00
---------------
x) The Certificate Interest Rates, applicable to the
Interest Accrual Period relating to such
Distribution Date:
Class 7-S: ........................ 0.474000%
--------
1. Senior Percentage for such Distribution Date: .... 93.36038300%
---------------
2. Group I Senior Percentage for such Distribution
Date: ............................................ 83.67887500%
---------------
3. Group II Senior Percentage for such Distribution
Date: ............................................ 9.68150800%
---------------
4. Senior Prepayment Percentage for such Distribution
Date: ............................................ 100.00000000%
---------------
<PAGE>
5. Group I Senior Prepayment Percentage for such
Distribution Date: ............................... 100.00000000%
---------------
6. Group II Senior Prepayment Percentage for such
Distribution Date: ............................... 0.00000000%
---------------
7. Junior Percentage for such Distribution Date:..... 6.63961700%
---------------
8. Junior Prepayment Percentage for such Distribution
Date: ............................................ 0.00000000%
---------------
<PAGE>
GE CAPITAL MORTGAGE SERVICES, INC. Exhibit#99.15
Home Equity Loan Pass-Through Certificates,
Series 1995-HE1
EXHIBIT D
FORM OF SERVICER'S CERTIFICATE
MAY, 1996
Pursuant to the Pooling and Servicing Agreement dated as of September 1,
1995 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company"), and The First National Bank of Chicago (the "Trustee"), governing
the Certificates referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
POOL ONE POOL TWO
-------------- -------------
(1) Aggregate Monthly Payments Due: 1,150,774.19 366,956.39
-------------- -------------
(2) Aggregate Monthly Payments
received and Monthly Advances
made this Month:
(a) Principal 154,493.10 35,384.55
-------------- -------------
(b) Interest 889,558.70 326,757.22
-------------- -------------
(c) Total 1,044,051.80 362,141.77
-------------- -------------
(3) Aggregate Principal Prepayments
in part received on Self-
Amortizing Mortgage Loans and
applied in the applicable
Prepayment Period:
(a) Principal 167,042.18 870.96
-------------- -------------
(c) Total 167,042.18 870.96
-------------- -------------
(4) Aggregate Principal Prepayments
in full received in
the applicable Prepayment
period:
(a) Principal 1,363,155.08 634,184.77
-------------- -------------
(b) Interest 10,554.01 8,846.00
-------------- -------------
(c) Total 1,373,709.09 643,030.77
-------------- -------------
<PAGE>
(5) Aggregate Insurance Proceeds
(inculding purchases of
Mortgage Loans by primary
mortgage insurers) for
prior month:
(a) Principal 0.00 0.00
-------------- -------------
(b) Interest 0.00 0.00
-------------- -------------
(c) Total 0.00 0.00
-------------- -------------
(6) Aggregate Liquidation
Proceeds for prior month:
(a) Principal 0.00 0.00
-------------- -------------
(b) Interest 0.00 0.00
-------------- -------------
(c) Total 0.00 0.00
-------------- -------------
(7) Aggregate Purchase Prices for
Defaulted Mortgage Loans:
(a) Principal 370,484.21 0.00
-------------- -------------
(b) Interest 15,003.96 0.00
-------------- -------------
(c) Total 385,488.17 0.00
-------------- -------------
(8) Aggregate Purchase Prices for
(and substitution adjustments)
for Defective Mortgage Loans:
(a) Principal 0.00 0.00
-------------- -------------
(b) Interest 0.00 0.00
-------------- -------------
(c) Total 0.00 0.00
-------------- -------------
(9) Aggregate Purchase Prices for
for Liquidating Loans:
(a) Principal 0.00 0.00
-------------- -------------
(b) Interest 0.00 0.00
-------------- -------------
(c) Total 0.00 0.00
-------------- -------------
(10) Aggregate Purchase Prices for
for Document Deficiencies per Sec. 2.02
(a) Principal 0.00 0.00
-------------- -------------
(b) Interest 0.00 0.00
-------------- -------------
(c) Total 0.00 0.00
-------------- -------------
<PAGE>
(11) Pool Principal Balance 112,944,007.73 43,555,468.12
-------------- -------------
(12) Special Repurchase Amount 0.00
--------------
(13) Repurchase Premium:
Class A1 0.00
--------------
Class A2 0.00
--------------
Class A3 0.00
--------------
Class A4 0.00
--------------
Class A5 0.00
--------------
(14) Available Funds: 2,920,188.37 990,062.11
-------------- -------------
(15) Realized Losses for
prior month: 0.00 0.00
-------------- -------------
(16) Aggregate Realized
Losses: 166,568.46 0.00
-------------- -------------
(17) Compensating Interest
Payment: 2,557.73 1,223.16
-------------- -------------
(18) Net Simple Interest
Shortfall: 0.00 0.00
-------------- -------------
(19) Net Simple Interest
Excess: 0.00 0.00
-------------- -------------
(20) Simple Interest Shortfall
Payment: 0.00 0.00
-------------- -------------
(21) Unpaid Net Simple Interest
Shortfall:
Class A1 0.00
--------------
Class A2 0.00
--------------
Class A3 0.00
--------------
Class A4 0.00
--------------
Class A5 0.00
--------------
Class A6 0.00
--------------
<PAGE>
(22) Class Certificate Interest
Rate:
Class 1S 2.102212%
--------------
Class 2S 1.305925%
--------------
(23) Maximum Amount: 14,990,525.00
--------------
(24) Amount Available: 14,189,684.18
--------------
(25) Accrued Certificate Interest
and Pay-out Rate:
Class A1 165,919.33 7.00%
-------------- -------------
Class A2 202,112.50 6.90%
-------------- -------------
Class A3 103,541.67 7.00%
-------------- -------------
Class A4 90,185.42 7.30%
-------------- -------------
Class A5 105,394.71 7.54%
-------------- -------------
Class A6 272,221.68 7.50%
-------------- -------------
Class 1S 197,860.18 2.10%
-------------- -------------
Class 2S 47,400.16 1.31%
-------------- -------------
Total 1,184,635.63
(26) Principal distributable:
Class A1 2,055,174.57
--------------
Class A2 0.00
--------------
Class A3 0.00
--------------
Class A4 0.00
--------------
Class A5 0.00
--------------
Class A6 670,440.28
--------------
Class R 0.00
--------------
Class RL 0.00
--------------
Total 2,725,614.85
(27) Additional distributions to
the Class R Certificate
pursuant to Section 4.01 (c) : 0.00 0.00
-------------- -------------
(28) Additional distributions to
the Class RL Certificate
pursuant to Section 2.05 (d) : 0.00 0.00
-------------- -------------
<PAGE>
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Pamela L. Monahan
- ---------------------------------
Name: Pamela L. Monahan
Title: Vice President
<PAGE>
GE CAPITAL MORTGAGE SERVICES, INC. Exhibit#99.16
Home Equity Loan Pass-Through Certificates,
Series 1995-HE1
EXHIBIT J
FORM OF DISTRIBUTION DATE STATEMENT
MAY, 1996
Pursuant to the Pooling and Servicing Agreement dated as of September 1,
1995 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company"), and The First National Bank of Chicago (the "Trustee"), governing
the Certificates referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
The amounts below are for a Single Certificate of $1,000:
(1) Amount of distribution
allocable to principal:
Class A1 36157TPA3 54.47778847
--------- -----------
Class A2 36157TPB1 0.00000000
--------- -----------
Class A3 36157TPC9 0.00000000
--------- -----------
Class A4 36157TPD7 0.00000000
--------- -----------
Class A5 36157TPE5 0.00000000
--------- -----------
Class A6 36157TPF2 13.65609147
--------- -----------
Class R 36157TPG0 0.00000000
--------- -----------
Class RL 36157TPH8 0.00000000
--------- -----------
(2) Amount of distribution
allocable to interest
Pay-out Rate:
Class A1 36157TPA3 4.39812662 7.00%
--------- ---------- -------
Class A2 36157TPB1 5.75000000 6.90%
--------- ---------- -------
Class A3 36157TPC9 5.83333333 7.00%
--------- ---------- -------
Class A4 36157TPD7 6.08333333 7.30%
--------- ---------- -------
Class A5 36157TPE5 6.28333333 7.54%
--------- ---------- -------
Class A6 36157TPF2 5.54484002 7.50%
--------- ---------- -------
Class R 36157TPG0 0.00000000 0.00%
--------- ---------- -------
Class RL 36157TPH8 0.00000000 0.00%
--------- ---------- -------
<PAGE>
Pool One Pool Two
-------------- -------------
(3) Servicing Compensation: 50,815.47 16,385.51
-------------- -------------
The amounts below are for the aggregate of all Certificates:
(4) Pool Principal Balance; 112,944,007.73 43,555,468.12
-------------- -------------
number of Mortgage
Loans: 1,789 173
-------------- -------------
(5) Principal Prepayments included for
Defaulted Mortgage Loans, Defective
Mortgage Loans, or Liquidating Loans 0.00 0.00
-----------------------------
(6) Class Certificate Principal
Balance of each Class;
Certificate Principal Balance
of Single Certificate of each
class:
Single
Certificate
Class Class Balance Balance
-------------------------------------------------------------
Class A1 36157TPA3 26,388,138.60 699.48677535
-----------------------------------------------
Class A2 36157TPB1 35,150,000.00 1000.00000000
-----------------------------------------------
Class A3 36157TPC9 17,750,000.00 1000.00000000
-----------------------------------------------
Class A4 36157TPD7 14,825,000.00 1000.00000000
-----------------------------------------------
Class A5 36157TPE5 16,773,694.00 1000.00000000
-----------------------------------------------
Class A6 36157TPF2 42,885,027.72 873.51831133
-----------------------------------------------
Class R 36157TPG0 1,000.00 1000.00000000
-----------------------------------------------
Class RL 36157TPH8 1,000.00 1000.00000000
-----------------------------------------------
(7) Book value of real
estate acquired on
behalf of Certificate-
holders; number of
related Mortgage Loans:
0.00 0.00
-------------- -------------
0.00 0.00
-------------- -------------
<PAGE>
(8) Aggregate Scheduled Principal
Balance and number of
delinquent Mortgage Loans:
One Payment Delinquent 917,301.02 0.00
-------------- -------------
16 0
-------------- -------------
Two Payments Delinquent 0.00 470,783.38
-------------- -------------
0 2
-------------- -------------
Three or more Payments Delinquent 107,234.02 0.00
-------------- -------------
2 0
-------------- -------------
In foreclosure 72,285.08 470,783.38
-------------- -------------
1 2
-------------- -------------
(9) Aggregate Scheduled
Principal Balance and
number of replaced
Mortgage Loans:
0.00 0.00
-------------- ------------
(10) Special Repurchase Amount:
0.00
--------------
(11) Repurchase Premium:
0.00
---------
Class A1 36157TPA3 0.00
----------------- ---------
Class A2 36157TPB1 0.00
----------------- ---------
Class A3 36157TPC9 0.00
----------------- ---------
Class A4 36157TPD7 0.00
----------------- ---------
Class A5 36157TPE5 0.00
----------------- ---------
(12) Unpaid Net Simple Interest
Shortfall:
Class A1 36157TPA3 0.00
----------------- ---------
Class A2 36157TPB1 0.00
----------------- ---------
Class A3 36157TPC9 0.00
----------------- ---------
Class A4 36157TPD7 0.00
----------------- ---------
Class A5 36157TPE5 0.00
----------------- ---------
(13) Class Certificate Interest
Rate:
Class 1S 197,860.18 2.102%
----------------- ---------
Class 2S 47,400.16 1.306%
----------------- ---------
<PAGE>
(14) Maximum Amount: 14,990,525.00
-----------------
(15) Amount Available: 14,189,684.18
-----------------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Pamela L. Monahan
------------------------------------
Name: Pamela L. Monahan
Title: Vice President
<PAGE>
Exhibit 99.17
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
MAY 1996
REMIC Multi-Class Pass-Through Certificates
Series 1995-8
Pursuant to the Pooling and Servicing Agreement dated as of October 1, 1995
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate Scheduled Monthly Payments:
(a) Principal .................................... $ 302,842.25
---------------
(b) Interest ..................................... $ 3,035,703.20
---------------
(c) Total ........................................ $ 3,338,545.45
---------------
2. Aggregate Monthly Payments Received and Monthly
Advances made this month:
(a) Principal .................................... $ 302,842.25
---------------
(b) Interest ..................................... $ 2,957,004.56
---------------
(c) Total ........................................ $ 3,259,846.81
---------------
3. Aggregate Principal Prepayments in part received
and applied in prior month: ...................... $ 145,905.29
---------------
4. Aggregate Principal Prepayments in full received
in prior month:
(a) Principal .................................... $ 3,603,914.66
---------------
(b) Interest ..................................... $ 22,470.96
---------------
(c) Total ........................................ $ 3,626,385.62
---------------
<PAGE>
5. Aggregate Insurance Proceeds for prior month:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
6. Aggregate Liquidation Proceeds for prior month:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
7. Aggregate Purchase Prices for Defaulted and
Modified Mortgage Loans:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
8. Aggregate Purchase Prices ( and substitution
adjustments) for Defective Mortgage Loans:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
9. Pool Scheduled Principal Balance: ................ $438,904,202.41
---------------
10. Available Funds: ................................. $ 7,032,137.72
---------------
11. Realized Losses for prior month: ................. $ 0.00
---------------
12. Aggregate Realized Losses:
(a) Deficient Valuations: ........................ $ 0.00
---------------
(b) Special Hazard Losses: ....................... $ 0.00
---------------
(c) Fraud Losses: ................................ $ 0.00
---------------
(d) Excess Bankruptcy Losses: .................... $ 0.00
---------------
(e) Excess Special Hazard Losses: ................ $ 0.00
---------------
(f) Excess Fraud Losses: ......................... $ 0.00
---------------
(g) Debt Service Reductions: ..................... $ 0.00
---------------
13. Compensating Interest Payment: ................... $ 3,210.12
---------------
<PAGE>
14. Accrued Certificate Interest, Unpaid Class
Interest Shortfalls and Pay-out Rate:
Class 8-A1 ............... $800,137.70 $ 0.00 7.50000000%
----------- --------------- ----------
Class 8-A2 ............... $ 57,649.10 $ 0.00 8.75000000%
----------- --------------- ----------
Class 8-A3 ............... $115,298.20 $ 0.00 7.00000000%
----------- --------------- ----------
Class 8-A4 ............... $107,269.12 $ 0.00 7.50000000%
----------- --------------- ----------
Class 8-A5 ............... $150,557.38 $ 0.00 7.50000000%
----------- --------------- ----------
Class 8-A6 ............... $183,812.50 $ 0.00 7.50000000%
----------- --------------- ----------
Class 8-A7 ............... $218,750.00 $ 0.00 7.50000000%
----------- --------------- ----------
Class 8-A8 ............... $ 29,687.50 $ 0.00 7.50000000%
----------- --------------- ----------
Class 8-A9 ............... $ 18,281.25 $ 0.00 7.50000000%
----------- --------------- ----------
Class 8-A10 .............. $421,300.00 $ 0.00 7.50000000%
----------- --------------- ----------
Class 8-A11 .............. $249,929.08 $ 0.00 7.50000000%
----------- --------------- ----------
Class 8-L ................ $186,762.63 $ 0.00 7.50000000%
----------- --------------- ----------
Class 8-MA ............... $ 46,690.66 $ 0.00 7.50000000%
----------- --------------- ----------
Class 8-M ................ $ 60,785.09 $ 0.00 7.50000000%
----------- --------------- ----------
Class 8-B1 ............... $ 45,588.82 $ 0.00 7.50000000%
----------- --------------- ----------
Class 8-B2 ............... $ 37,990.68 $ 0.00 7.50000000%
----------- --------------- ----------
Class 8-B3 ............... $ 15,196.27 $ 0.00 7.50000000%
----------- --------------- ----------
Class 8-B4 ............... $ 9,117.76 $ 0.00 7.50000000%
----------- --------------- ----------
Class 8-B5 ............... $ 13,676.66 $ 0.00 7.50000000%
----------- --------------- ----------
Class 8-S ................ $210,995.12 $ 0.00 0.57160000%
----------- --------------- ----------
Class 8-R ................ $ 0.00 $ 0.00 7.50000000%
----------- --------------- ----------
15. Principal distributable:
Class 8-A1 ......................... $ 3,020,444.82
----------------
Class 8-A2 ......................... $ 186,531.38
----------------
Class 8-A3 ......................... $ 466,328.45
----------------
Class 8-A4 ......................... $ 252,731.37
----------------
Class 8-A5 ......................... $ 81,141.15
----------------
Class 8-A6 ......................... $ 0.00
----------------
Class 8-A7 ......................... $ 0.00
----------------
Class 8-A8 ......................... $ 0.00
----------------
Class 8-A9 ......................... $ 0.00
----------------
Class 8-A10 ........................ $ 0.00
----------------
Class 8-A11 ........................ $ 0.00
----------------
Class 8-L .......................... $ 20,429.94
----------------
Class 8-MA ......................... $ 5,107.48
----------------
Class 8-M .......................... $ 6,649.20
----------------
Class 8-B1 ......................... $ 4,986.90
----------------
Class 8-B2 ......................... $ 4,155.75
----------------
Class 8-B3 ......................... $ 1,662.30
----------------
Class 8-B4 ......................... $ 997.38
----------------
Class 8-B5 ......................... $ 1,496.08
----------------
Class 8-R .......................... $ 0.00
----------------
<PAGE>
16. Additional distributions to the Class 8-R
Certificate pursuant to Section 4.01(b): ......... $ 0.00
---------------
17. Certificate Interest Rate of:
Class 8-S Certificates:............ 0.571600%
--------
B. Other Amounts:
1. Senior Percentage for such Distribution Date: .... 93.413200%
---------------
2. Group I Senior Percentage for such Distribution
Date: ............................................ 84.980620%
---------------
3. Group II Senior Percentage for such Distribution
Date: ............................................ 8.432580%
---------------
4. Senior Prepayment Percentage for such Distribution
Date: ............................................ 100.000000%
---------------
5. Group I Senior Prepayment Percentage for such
Distribution Date: ............................... 100.000000%
---------------
6. Group II Senior Prepayment Percentage for such
Distribution Date: ............................... 0.000000%
---------------
7. Junior Percentage for such Distribution Date: .... 6.586800%
---------------
8. Junior Prepayment Percentage for such Distribution
Date: ............................................ 0.000000%
---------------
9. Subordinate Certificate Writedown Amount for such
Distribution Date: ............................... $ 0.00
---------------
10. Prepayment Distribution Triggers satisfied:
YES NO
--- --
Class 8-B1....... X
-------- --------
Class 8-B2....... X
-------- --------
Class 8-B3....... X
-------- --------
Class 8-B4....... X
-------- --------
Class 8-B5....... X
-------- --------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
-----------------------------------
Karen Pickett
Vice-President,
Investor Operations
<PAGE>
Exhibit 99.18
GE CAPITAL MORTGAGE SERVICES, INC.
MAY 1996
REMIC Multi-Class Pass-Through Certificates
Series 1995-8
Pursuant to the Pooling and Servicing Agreement dated as of October 1, 1995
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
(a) The amounts below (other than for Class R) are for a Single Certificate of
$1,000:
i) The amount of such distribution allocable to
principal:
Class 8-A1 .... $ 18.65313805 Class 8-A11 ... $ 0.00000000
--------------- ---------------
Class 8-A2 .... $ 18.65313800 Class 8-L ..... $ 0.68099800
--------------- ---------------
Class 8-A3 .... $ 18.65313800 Class 8-MA .... $ 0.68099733
--------------- ---------------
Class 8-A4 .... $ 12.63656850 Class 8-M ..... $ 0.68099049
--------------- ---------------
Class 8-A5 .... $ 3.24564600 Class 8-B1 .... $ 0.68099047
--------------- ---------------
Class 8-A6 .... $ 0.00000000 Class 8-B2 .... $ 0.68099050
--------------- ---------------
Class 8-A7 .... $ 0.00000000 Class 8-B3 .... $ 0.68099056
--------------- ---------------
Class 8-A8 .... $ 0.00000000 Class 8-B4 .... $ 0.68099047
--------------- ---------------
Class 8-A9 .... $ 0.00000000 Class 8-B5 .... $ 0.68099409
--------------- ---------------
Class 8-A10 ... $ 0.00000000 Class 8-R ..... $ 0.00000000
--------------- ---------------
ii) Principal Prepayments included in the above
principal distribution (including the Scheduled
Principal Balances of all Defaulted Mortgage Loans
and Defective Mortgage Loans purchased pursuant to
Section 2.02, 2.03 (b) or 3.16, respectively, and
any amounts deposited pursuant to Section 2.03(b)
in connection with the substitution of any
Mortgage Loans pursuant to Section 2.02 or
2.03(a), the proceeds of which are being
distributed on such Distribution Date);
Class 8-A1 .... $ 17.34462175 Class 8-A11 ... $ 0.00000000
--------------- ---------------
Class 8-A2 .... $ 17.34462170 Class 8-L ..... $ 0.63322604
--------------- ---------------
Class 8-A3 .... $ 17.34462170 Class 8-MA .... $ 0.63322542
--------------- ---------------
Class 8-A4 .... $ 11.75011412 Class 8-M ..... $ 0.00000000
--------------- ---------------
Class 8-A5 .... $ 3.01796417 Class 8-B1 .... $ 0.00000000
--------------- ---------------
<PAGE>
Class 8-A6 .... $ 0.00000000 Class 8-B2 .... $ 0.00000000
--------------- ---------------
Class 8-A7 .... $ 0.00000000 Class 8-B3 .... $ 0.00000000
--------------- ---------------
Class 8-A8 .... $ 0.00000000 Class 8-B4 .... $ 0.00000000
--------------- ---------------
Class 8-A9 .... $ 0.00000000 Class 8-B5 .... $ 0.00000000
--------------- ---------------
Class 8-A10 ... $ 0.00000000 Class 8-R ..... $ 0.00000000
--------------- ---------------
iii) The amount of such distribution to the
Certificateholders of each class, allocable to
Interest:
Class 8-A1 .... 4.94135131 Class 8-L ..... 6.22542100
--------------- ---------------
Class 8-A2 .... 5.76491000 Class 8-MA .... 6.22542133
--------------- ---------------
Class 8-A3 .... 4.61192800 Class 8-M ..... 6.22542084
--------------- ---------------
Class 8-A4 .... 5.36345600 Class 8-B1 .... 6.22542097
--------------- ---------------
Class 8-A5 .... 6.02229520 Class 8-B2 .... 6.22542076
--------------- ---------------
Class 8-A6 .... 6.25000000 Class 8-B3 .... 6.22542045
--------------- ---------------
Class 8-A7 .... 6.25000000 Class 8-B4 .... 6.22541824
--------------- ---------------
Class 8-A8 .... 6.25000000 Class 8-B5 .... 6.22541884
--------------- ---------------
Class 8-A9 .... 6.25000000 Class 8-R ..... 0.00000000
--------------- ---------------
Class 8-A10 ... 6.25000000 Class 8-S ..... 0.43218931
--------------- ---------------
Class 8-A11 ... 6.24999997
---------------
iv) The amount of servicing compensation received by
GECMSI during the month preceding the month of
distribution ..................................... 80,794.04
---------------
(b) The amounts below are for the aggregate of all Certificates.
v) The Pool Scheduled Principal Balances of each
Mortgage Pool on the preceding Due Date after
giving effect to all distributions allocable to
principal made on such Distribution
Date ............................................. $438,904,202.41
---------------
The aggregate number of Mortgage Loans included in
the Scheduled Principal Balance set forth
above ............................................ 1,572
---------------
vi) The Class Certificate Principal Balance of each
Class and the Certificate Principal Balance of a
Single Certificate of each Class after giving
effect to (i) all distributions allocable to
principal made on such Distribution Date and (ii)
the allocation of any Realized Losses and any
Subordinate Writedown Certificate Amount for such
Distribution Date:
Class Certificate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 8-A1 .... $125,001,587.11 771.96
--------------- --------
Class 8-A2 .... $ 7,719,630.71 771.96
--------------- --------
Class 8-A3 .... $ 19,299,076.80 771.96
--------------- --------
Class 8-A4 .... $ 16,910,327.66 845.52
--------------- --------
<PAGE>
Class 8-A5 .... $ 24,008,039.36 960.32
--------------- --------
Class 8-A6 .... $ 29,410,000.00 1,000.00
--------------- --------
Class 8-A7 .... $ 35,000,000.00 1,000.00
--------------- --------
Class 8-A8 .... $ 4,750,000.00 1,000.00
--------------- --------
Class 8-A9 .... $ 2,925,000.00 1,000.00
--------------- --------
Class 8-A10 ... $ 67,408,000.00 1,000.00
--------------- --------
Class 8-A11 ... $ 39,988,653.00 1,000.00
--------------- --------
Class 8-L ..... $ 29,861,590.90 995.39
--------------- --------
Class 8-MA .... $ 7,465,397.72 995.39
--------------- --------
Class 8-M ..... $ 9,718,965.39 995.39
--------------- --------
Class 8-B1 .... $ 7,289,224.29 995.39
--------------- --------
Class 8-B2 .... $ 6,074,353.24 995.39
--------------- --------
Class 8-B3 .... $ 2,429,741.11 995.39
--------------- --------
Class 8-B4 .... $ 1,457,844.86 995.39
--------------- --------
Class 8-B5 .... $ 2,186,770.26 995.39
--------------- --------
Class 8-R ..... $ 0.00 0.00
--------------- --------
Class 8-S ..... $438,904,202.41 899.02
--------------- --------
vii) The following pertains to any real estate acquired
on behalf of Certificateholders through
foreclosure, or grant of a deed in lieu of
foreclosure or otherwise, of any REO Mortgage
Loan:
book value ....................................... $ 0
---------------
number of related mortgage loans ................. 0
---------------
viii) The aggregate number and aggregate Principal
Balances of Mortgage Loans which, as of the close
of business on the last day of the month preceding
the related Determination Date, were;
(a) delinquent
(1) 30-59 days
Number 27 Principal Balance $7,951,416.19
------------- -------------
(2) 60-89 days
Number 0 Principal Balance $0.00
------------- -------------
(3) 90 days or more
Number 2 Principal Balance $486,776.38
------------- -------------
(b) in foreclosure
Number 4 Principal Balance $1,066,727.01
------------- -------------
ix) The Scheduled Principal Balance of any Mortgage
Loan replaced pursuant to Section 2.03(b), and of
any Modified Mortgage Loan purchased pursuant to
Section 3.01(c); ................................. $ 0.00
---------------
<PAGE>
x) The Certificate Interest Rates, applicable to the
Interest Accrual Period relating to such
Distribution Date:
Class 8-S: ........................ 0.571600%
--------
1. Senior Percentage for such Distribution Date: .... 93.41320000%
---------------
2. Group I Senior Percentage for such Distribution
Date: ............................................ 84.98062000%
---------------
3. Group II Senior Percentage for such Distribution
Date: ............................................ 8.43258000%
---------------
4. Senior Prepayment Percentage for such Distribution
Date: ............................................ 100.00000000%
---------------
5. Group I Senior Prepayment Percentage for such
Distribution Date: ............................... 100.00000000%
---------------
6. Group II Senior Prepayment Percentage for such
Distribution Date: ............................... 0.00000000%
---------------
7. Junior Percentage for such Distribution Date: .... 6.58680000%
---------------
8. Junior Prepayment Percentage for such Distribution
Date: ............................................ 0.00000000%
---------------
<PAGE>
Exhibit 99.19
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
MAY 1996
REMIC Multi-Class Pass-Through Certificates
Series 1995-10
Pursuant to the Pooling and Servicing Agreement dated as of October 1, 1995
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate Scheduled Monthly Payments:
(a) Principal .................................... $ 352,072.49
---------------
(b) Interest ..................................... $ 704,826.95
---------------
(c) Total ........................................ $ 1,056,899.44
---------------
2. Aggregate Monthly Payments Received and Monthly
Advances made this month:
(a) Principal .................................... $ 352,072.49
---------------
(b) Interest ..................................... $ 686,066.45
---------------
(c) Total ........................................ $ 1,038,138.94
---------------
3. Aggregate Principal Prepayments in part received
and applied in prior month: ...................... $ 117,945.80
---------------
4. Aggregate Principal Prepayments in full received
in prior month:
(a) Principal .................................... $ 415,775.57
---------------
(b) Interest ..................................... $ 2,476.66
---------------
(c) Total ........................................ $ 418,252.23
---------------
<PAGE>
5. Aggregate Insurance Proceeds for prior month:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
6. Aggregate Liquidation Proceeds for prior month:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
7. Aggregate Purchase Prices for Defaulted and
Modified Mortgage Loans:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
8. Aggregate Purchase Prices ( and substitution
adjustments) for Defective Mortgage Loans:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
9. Pool Scheduled Principal Balance: ................ $106,927,890.67
---------------
10. Available Funds: ................................. $ 1,574,336.97
---------------
11. Realized Losses for prior month: ................. $ 0.00
---------------
12. Aggregate Realized Losses:
(a) Deficient Valuations: ........................ $ 0.00
---------------
(b) Special Hazard Losses: ....................... $ 0.00
---------------
(c) Fraud Losses: ................................ $ 0.00
---------------
(d) Excess Bankruptcy Losses: .................... $ 0.00
---------------
(e) Excess Special Hazard Losses: ................ $ 0.00
---------------
(f) Excess Fraud Losses: ......................... $ 0.00
(g) Debt Service Reductions: ..................... $ 0.00
---------------
13. Non-Credit Losses: ............................... $ 0.00
---------------
14. Compensating Interest Payment: ................... $ 1,070.65
---------------
<PAGE>
15. Accrued Certificate Interest, Unpaid Class
Interest Shortfalls and Pay-out Rate:
Class 10-A1 .............. $258,757.66 $ 0.00 7.00000000%
----------- --------------- ----------
Class 10-A2 .............. $109,221.54 $ 0.00 7.00000000%
----------- --------------- ----------
Class 10-A3 .............. $ 89,063.33 $ 0.00 7.00000000%
----------- --------------- ----------
Class 10-A4 .............. $ 65,835.73 $ 0.00 7.00000000%
----------- --------------- ----------
Class 10-A5 .............. $ 81,320.34 $ 0.00 7.00000000%
----------- --------------- ----------
Class 10-M ............... $ 9,881.08 $ 0.00 7.00000000%
----------- --------------- ----------
Class 10-B1 .............. $ 4,940.54 $ 0.00 7.00000000%
----------- --------------- ----------
Class 10-B2 .............. $ 1,648.76 $ 0.00 7.00000000%
----------- --------------- ----------
Class 10-B3 .............. $ 4,282.18 $ 0.00 7.00000000%
----------- --------------- ----------
Class 10-B4 .............. $ 1,980.80 $ 0.00 7.00000000%
----------- --------------- ----------
Class 10-B5 .............. $ 1,981.20 $ 0.00 7.00000000%
----------- --------------- ----------
Class 10-S ............... $ 59,629.95 $ 0.00 0.66370000%
----------- --------------- ----------
Class 10-R ............... $ 0.00 $ 0.00 7.00000000%
----------- --------------- ----------
16. Principal distributable:
Class 10-A1 .......................... $ 652,242.80
--------------
Class 10-A2 .......................... $ 56,716.76
--------------
Class 10-A3 .......................... $ 0.00
--------------
Class 10-A4 .......................... $ 36,855.57
--------------
Class 10-A5 .......................... $ 126,143.25
--------------
Class 10-M ........................... $ 5,531.54
--------------
Class 10-B1 .......................... $ 2,765.77
--------------
Class 10-B2 .......................... $ 922.99
--------------
Class 10-B3 .......................... $ 2,397.21
--------------
Class 10-B4 .......................... $ 1,108.87
--------------
Class 10-B5 .......................... $ 1,109.10
--------------
Class 10-R ........................... $ 0.00
--------------
17. Additional distributions to the Class 10-R
Certificate pursuant to Section 4.01(b): ......... $ 0.00
---------------
18. Certificate Interest Rates of:
Class 10-S Certificates:........... 0.663700%
--------
<PAGE>
B. Other Amounts:
1. Senior Percentage for such Distribution Date: .... 96.070275%
---------------
2. Group I Senior Percentage for such Distribution
Date: ............................................ 85.602100%
---------------
3. Group II Senior Percentage for such Distribution
Date: ............................................ 10.468175%
---------------
4. Senior Prepayment Percentage for such Distribution
Date: ............................................ 100.000000%
---------------
5. Group I Senior Prepayment Percentage for such
Distribution Date: ............................... 100.000000%
---------------
6. Group II Senior Prepayment Percentage for such
Distribution Date: ............................... 0.000000%
---------------
7. Junior Percentage for such Distribution Date: .... 3.929725%
---------------
8. Junior Prepayment Percentage for such Distribution
Date: ............................................ 0.000000%
---------------
9. Subordinate Certificate Writedown Amount for such
Distribution Date: ............................... $ 0.00
---------------
10. Prepayment Distribution Triggers satisfied:
YES NO
--- --
Class 10-B1....... X
-------- --------
Class 10-B2....... X
-------- --------
Class 10-B3....... X
-------- --------
Class 10-B4....... X
-------- --------
Class 10-B5....... X
-------- --------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
-----------------------------------
Karen Pickett
Vice-President,
Investor Operations
<PAGE>
Exhibit 99.20
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
MAY 1996
REMIC Multi-Class Pass-Through Certificates
Series 1995-10
Pursuant to the Pooling and Servicing Agreement dated as of October 1, 1995
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
(a) The amounts below (other than for Class R) are for a Single Certificate of
$1,000:
i) The amount of such distribution allocable to
principal:
Class 10-A1 ... $ 13.08778393 Class 10-B1 ... $ 3.20483198
--------------- ---------------
Class 10-A2 ... $ 2.95399792 Class 10-B2 ... $ 3.20482639
--------------- ---------------
Class 10-A3 ... $ 0.00000000 Class 10-B3 ... $ 3.20482620
--------------- ---------------
Class 10-A4 ... $ 3.20483217 Class 10-B4 ... $ 3.20482659
--------------- ---------------
Class 10-A5 ... $ 8.40955000 Class 10-B5 ... $ 3.20485221
--------------- ---------------
Class 10-M .... $ 3.20483198 Class 10-R .... $ 0.00000000
--------------- ---------------
ii) Principal Prepayments included in the above
principal distribution (including the Scheduled
Principal Balances of all Defaulted Mortgage Loans
and Defective Mortgage Loans purchased pursuant to
Section 2.02, 2.03 (b) or 3.16, respectively, and
any amounts deposited pursuant to Section 2.03(b)
in connection with the substitution of any
Mortgage Loans pursuant to Section 2.02 or
2.03(a), the proceeds of which are being
distributed on such Distribution Date);
Class 10-A1 ... $ 8.01096719 Class 10-B1 ... $ 0.00000000
--------------- ---------------
Class 10-A2 ... $ 1.80812738 Class 10-B2 ... $ 0.00000000
--------------- ---------------
Class 10-A3 ... $ 0.00000000 Class 10-B3 ... $ 0.00000000
--------------- ---------------
Class 10-A4 ... $ 1.96166177 Class 10-B4 ... $ 0.00000000
--------------- ---------------
Class 10-A5 ... $ 5.14744356 Class 10-B5 ... $ 0.00000000
--------------- ---------------
Class 10-M .... $ 0.00000000 Class 10-R .... $ 0.00000000
--------------- ---------------
<PAGE>
iii) The amount of such distribution to the
Certificateholders of each class, allocable to
Interest:
Class 10-A1 ... 5.19218356 Class 10-B1 ... 5.72484357
--------------- ---------------
Class 10-A2 ... 5.68862188 Class 10-B2 ... 5.72486111
--------------- ---------------
Class 10-A3 ... 5.83333312 Class 10-B3 ... 5.72483957
--------------- ---------------
Class 10-A4 ... 5.72484609 Class 10-B4 ... 5.72485549
--------------- ---------------
Class 10-A5 ... 5.42135600 Class 10-B5 ... 5.72486990
--------------- ---------------
Class 10-M .... 5.72484357 Class 10-R .... 0.00000000
--------------- ---------------
Class 10-S .... 0.51797554
---------------
iv) The amount of servicing compensation received by
GECMSI during the month preceding the month of
distribution ..................................... 19,993.56
---------------
(b) The amounts below are for the aggregate of all Certificates.
v) The Pool Scheduled Principal Balances of each
Mortgage Pool on the preceding Due Date after
giving effect to all distributions allocable to
principal made on such Distribution
Date ............................................. $106,927,890.67
---------------
The aggregate number of Mortgage Loans included in
the Scheduled Principal Balance set forth
above ............................................ 361
---------------
vi) The Class Certificate Principal Balance of each
Class and the Certificate Principal Balance of a
Single Certificate of each Class after giving
effect to (i) all distributions allocable to
principal made on such Distribution Date and (ii)
the allocation of any Realized Losses and any
Subordinate Writedown Certificate Amount for such
Distribution Date:
Class Certificate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 10-A1 ... $ 43,706,213.92 877.00
--------------- --------
Class 10-A2 ... $ 18,666,975.12 972.24
--------------- --------
Class 10-A3 ... $ 15,268,000.00 1,000.00
--------------- --------
Class 10-A4 ... $ 11,249,269.77 978.20
--------------- --------
Class 10-A5 ... $ 13,814,486.32 920.97
--------------- --------
Class 10-M .... $ 1,688,368.66 978.20
--------------- --------
Class 10-B1 ... $ 844,184.34 978.20
--------------- --------
Class 10-B2 ... $ 281,720.85 978.20
--------------- --------
Class 10-B3 ... $ 731,691.63 978.20
--------------- --------
Class 10-B4 ... $ 338,456.29 978.20
--------------- --------
Class 10-B5 ... $ 338,523.77 978.20
--------------- --------
Class 10-R .... $ 0.00 0.00
--------------- --------
Class 10-S .... $ 0.00 0.00
--------------- --------
<PAGE>
vii) The following pertains to any real estate acquired
on behalf of Certificateholders through
foreclosure, or grant of a deed in lieu of
foreclosure or otherwise, of any REO Mortgage
Loan:
book value ....................................... $ 0
---------------
unpaid principal balance ......................... $ 0
---------------
number of related mortgage loans ................. 0
---------------
viii) The aggregate number and aggregate Principal
Balances of Mortgage Loans which, as of the close
of business on the last day of the month preceding
the related Determination Date, were;
(a) delinquent
(1) 30-59 days
Number 2 Principal Balance $639,791.14
------------- -------------
(2) 60-89 days
Number 0 Principal Balance $0.00
------------- -------------
(3) 90 days or more
Number 0 Principal Balance $0.00
------------- -------------
(b) in foreclosure
Number 1 Principal Balance $532,986.15
------------- -------------
ix) The Scheduled Principal Balance of any Mortgage
Loan replaced pursuant to Section 2.03(b), and of
any Modified Mortgage Loan purchased pursuant to
Section 3.01(c); ................................. $ 0.00
---------------
x) The Certificate Interest Rates, applicable to the
Interest Accrual Period relating to such
Distribution Date:
Class 10-S: ....................... 0.663700%
--------
1. Senior Percentage for such Distribution Date: .... 96.07027500%
---------------
2. Group I Senior Percentage for such Distribution
Date: ............................................ 85.60210000%
---------------
3. Group II Senior Percentage for such Distribution
Date: ............................................ 10.46817500%
---------------
4. Senior Prepayment Percentage for such Distribution
Date: ............................................ 100.00000000%
---------------
<PAGE>
5. Group I Senior Prepayment Percentage for such
Distribution Date: ............................... 100.00000000%
---------------
6. Group II Senior Prepayment Percentage for such
Distribution Date: ............................... 0.00000000%
---------------
7. Junior Percentage for such Distribution Date: .... 3.92972500%
---------------
8. Junior Prepayment Percentage for such Distribution
Date: ............................................ 0.00000000%
---------------
<PAGE>
Exhibit 99.21
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
MAY 1996
REMIC Multi-Class Pass-Through Certificates
Series 1995-9
Pursuant to the Pooling and Servicing Agreement dated as of November 1,
1995 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank and Trust Company (the "Trustee"), governing
the Certificates referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate Scheduled Monthly Payments:
(a) Principal .................................... $ 189,404.58
---------------
(b) Interest ..................................... $ 1,913,296.24
---------------
(c) Total ........................................ $ 2,102,700.82
---------------
2. Aggregate Monthly Payments Received and Monthly
Advances made this month:
(a) Principal .................................... $ 189,404.58
---------------
(b) Interest ..................................... $ 1,539,232.67
---------------
(c) Total ........................................ $ 1,728,637.25
---------------
3. Aggregate Principal Prepayments in part received
and applied in prior month: ...................... $ 73,839.69
---------------
4. Aggregate Principal Prepayments in full received
in prior month:
(a) Principal .................................... $ 2,121,052.89
---------------
(b) Interest ..................................... $ 12,321.23
---------------
(c) Total ........................................ $ 2,133,374.12
---------------
<PAGE>
5. Aggregate Insurance Proceeds for prior month:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
6. Aggregate Liquidation Proceeds for prior month:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
7. Aggregate Purchase Prices for Defaulted and
Modified Mortgage Loans:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
8. Aggregate Purchase Prices ( and substitution
adjustments) for Defective Mortgage Loans:
(a) Principal .................................... $ 324,856.89
---------------
(b) Interest ..................................... $ 2,143.11
---------------
(c) Total ........................................ $ 327,000.00
---------------
9. Pool Scheduled Principal Balance: ................ $277,478,230.64
---------------
10. Available Funds: ................................. $ 4,262,851.06
---------------
11. Realized Losses for prior month: ................. $ 0.00
---------------
12. Aggregate Realized Losses:
(a) Deficient Valuations: ........................ $ 0.00
---------------
(b) Special Hazard Losses: ....................... $ 0.00
---------------
(c) Fraud Losses: ................................ $ 0.00
---------------
(d) Excess Bankruptcy Losses: .................... $ 0.00
---------------
(e) Excess Special Hazard Losses: ................ $ 0.00
---------------
(f) Excess Fraud Losses: ......................... $ 0.00
---------------
(g) Debt Service Reductions: ..................... $ 0.00
---------------
13. Compensating Interest Payment: ................... $ 2,974.10
---------------
<PAGE>
14. Accrued Certificate Interest, Unpaid Class
Interest Shortfalls and Pay-out Rate:
Class 9-A1 ............... $530,942.36 $ 0.00 7.30000000%
----------- --------------- ----------
Class 9-A2 ............... $ 68,258.30 $ 0.00 6.37500000%
----------- --------------- ----------
Class 9-A3 ............... $ 59,170.63 $ 0.00 6.37500000%
----------- --------------- ----------
Class 9-A4 ............... $ 91,169.05 $ 0.00 7.25000000%
----------- --------------- ----------
Class 9-A5 ............... $279,623.90 $ 0.00 3.36101100%
----------- --------------- ----------
Class 9-A6 ............... $223,111.27 $ 0.00 7.50000000%
----------- --------------- ----------
Class 9-M ................ $ 37,446.26 $ 0.00 7.50000000%
----------- --------------- ----------
Class 9-B1 ............... $ 28,084.70 $ 0.00 7.50000000%
----------- --------------- ----------
Class 9-B2 ............... $ 23,403.90 $ 0.00 7.50000000%
----------- --------------- ----------
Class 9-B3 ............... $ 9,361.57 $ 0.00 7.50000000%
----------- --------------- ----------
Class 9-B4 ............... $ 5,616.93 $ 0.00 7.50000000%
----------- --------------- ----------
Class 9-B5 ............... $ 8,425.42 $ 0.00 7.50000000%
----------- --------------- ----------
Class 9-S ................ $129,413.10 $ 0.00 0.55490000%
----------- --------------- ----------
Class 9-R ................ $ 0.00 $ 0.00 7.50000000%
----------- --------------- ----------
Class 9-RL ............... $ 0.00 $ 0.00 7.50000000%
----------- --------------- ----------
15. Accrual Amount: .................................. $ 384,526.51
---------------
16. Principal distributable:
Class 9-A1 ......................... $ 1,570,980.58
----------------
Class 9-A2 ......................... $ 180,626.74
----------------
Class 9-A3 ......................... $ 0.00
----------------
Class 9-A4 ......................... $ 277,178.08
----------------
Class 9-A5 ......................... $ 703,714.28
----------------
Class 9-A6 ......................... $ 24,159.48
----------------
Class 9-M .......................... $ 4,054.84
----------------
Class 9-B1 ......................... $ 3,041.13
----------------
Class 9-B2 ......................... $ 2,534.27
----------------
Class 9-B3 ......................... $ 1,013.71
----------------
Class 9-B4 ......................... $ 608.22
----------------
Class 9-B5 ......................... $ 912.34
----------------
Class 9-R .......................... $ 0.00
----------------
Class 9-RL ......................... $ 0.00
----------------
17. Additional distributions to the Class 9-R
Certificate pursuant to Section 4.01(b): ......... $ 0.00
---------------
<PAGE>
18. Additional distributions to the Class 9-RL
Certificate pursuant to Section 2.05(d): ......... $ 0.00
---------------
19. Certificate Interest Rate of:
Class 9-A5 Certificates:........... 7.982900%
--------
Class 9-A6 Certificates:........... 7.500000%
--------
B. Other Amounts:
1. Senior Percentage for such Distribution Date: .... 93.577500%
---------------
2. Group I Senior Percentage for such Distribution
Date: ............................................ 80.822009%
---------------
3. Group II Senior Percentage for such Distribution
Date: ............................................ 12.755491%
---------------
4. Senior Prepayment Percentage for such Distribution
Date: ............................................ 100.000000%
---------------
5. Group I Senior Prepayment Percentage for such
Distribution Date: ............................... 100.000000%
---------------
6. Group II Senior Prepayment Percentage for such
Distribution Date: ............................... 0.000000%
---------------
7. Junior Percentage for such Distribution Date: .... 6.422500%
---------------
8. Junior Prepayment Percentage for such Distribution
Date: ............................................ 0.000000%
---------------
9. Subordinate Certificate Writedown Amount for such
Distribution Date: ............................... $ 0.00
---------------
10. Prepayment Distribution Triggers satisfied:
YES NO
--- --
Class 9-B1....... X
-------- --------
Class 9-B2....... X
-------- --------
Class 9-B3....... X
-------- --------
Class 9-B4....... X
-------- --------
Class 9-B5....... X
-------- --------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
-----------------------------------
Karen Pickett
Vice-President,
Investor Operations
<PAGE>
Exhibit 99.22
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
REMIC Multi-Class Pass-Through Certificates
MAY 1996
Series 1995-9
Pursuant to the Pooling and Servicing Agreement dated as of November 1,
1995 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank and Trust Company (the "Trustee"), governing
the Certificates referred to above, the Company hereby certifies to the Trustee:
(a) The amounts below are for a Single Certificate of $1,000:
i) The amount of such distribution allocable to
principal:
Class 9-A1 .... $ 15.55426317 Class 9-B1 .... $ 0.67456188
--------------- ---------------
Class 9-A2 .... $ 13.37975852 Class 9-B2 .... $ 0.67456054
--------------- ---------------
Class 9-A3 .... $ 0.00000000 Class 9-B3 .... $ 0.67456143
--------------- ---------------
Class 9-A4 .... $ 15.96923892 Class 9-B4 .... $ 0.67455582
--------------- ---------------
Class 9-A5 .... $ 6.78579688 Class 9-B5 .... $ 0.67456222
--------------- ---------------
Class 9-A6 .... $ 0.67456317 Class 9-R ..... $ 0.00000000
--------------- ---------------
Class 9-M ..... $ 0.67456188 Class 9-RL .... $ 0.00000000
--------------- ---------------
ii) Principal Prepayments included in the above
principal distribution (including the Scheduled
Principal Balances of all Defaulted Mortgage Loans
and Defective Mortgage Loans purchased pursuant to
Section 2.02, 2.03 (b) or 3.16, respectively, and
any amounts deposited pursuant to Section 2.03(b)
in connection with the substitution of any
Mortgage Loans pursuant to Section 2.02 or
2.03(a), the proceeds of which are being
distributed on such Distribution Date);
Class 9-A1 .... $ 14.39208588 Class 9-B1 .... $ 0.00000000
--------------- ---------------
Class 9-A2 .... $ 12.38005501 Class 9-B2 .... $ 0.00000000
--------------- ---------------
Class 9-A3 .... $ 0.00000000 Class 9-B3 .... $ 0.00000000
--------------- ---------------
Class 9-A4 .... $ 14.77605564 Class 9-B4 .... $ 0.00000000
--------------- ---------------
Class 9-A5 .... $ 6.27877839 Class 9-B5 .... $ 0.00000000
--------------- ---------------
Class 9-A6 .... $ 0.62416143 Class 9-R ..... $ 0.00000000
--------------- ---------------
Class 9-M ..... $ 0.00000000 Class 9-RL .... $ 0.00000000
--------------- ---------------
<PAGE>
iii) The amount of such distribution to the
Certificateholders of each class, allocable to
Interest:
Class 9-A1 .... 5.25685505 Class 9-B1 .... 6.22954885
--------------- ---------------
Class 9-A2 .... 5.05617037 Class 9-B2 .... 6.22954441
--------------- ---------------
Class 9-A3 .... 5.31250045 Class 9-B3 .... 6.22954692
--------------- ---------------
Class 9-A4 .... 5.25258109 Class 9-B4 .... 6.22954329
--------------- ---------------
Class 9-A5 .... 2.69636562 Class 9-B5 .... 6.22955256
--------------- ---------------
Class 9-A6 .... 6.22954823 Class 9-R ..... 0.00000000
--------------- ---------------
Class 9-M ..... 6.22954774 Class 9-RL .... 0.00000000
--------------- ---------------
Class 9-S ..... 0.43000000
---------------
iv) The amount of accrual:............................ 1,749,140.80
---------------
v) The amount of servicing compensation received by
GECMSI during the month preceding the month of
distribution ..................................... 50,052.21
---------------
(b) The amounts below are for the aggregate of all Certificates.
vi) The Pool Scheduled Principal Balances of each
Mortgage Pool on the preceding Due Date after
giving effect to all distributions allocable to
principal made on such Distribution
Date ............................................. $277,478,230.64
---------------
The aggregate number of Mortgage Loans included in
the Scheduled Principal Balance set forth
above ............................................ 1,005
---------------
vii) The Class Certificate Principal Balance of each
Class and the Certificate Principal Balance of a
Single Certificate of each Class after giving
effect to (i) all distributions allocable to
principal made on such Distribution Date and (ii)
the allocation of any Realized Losses and any
Subordinate Writedown Certificate Amount for such
Distribution Date:
Class Certificate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 9-A1 .... $ 85,707,215.49 848.59
--------------- --------
Class 9-A2 .... $ 12,667,995.21 938.37
--------------- --------
Class 9-A3 .... $ 11,138,000.00 1,000.00
--------------- --------
Class 9-A4 .... $ 14,812,871.67 853.42
--------------- --------
Class 9-A5 .... $ 99,516,462.10 959.62
--------------- --------
Class 9-A6 .... $ 35,673,643.27 996.05
--------------- --------
Class 9-M ..... $ 5,987,347.21 996.05
--------------- --------
Class 9-B1 .... $ 4,490,510.42 996.05
--------------- --------
Class 9-B2 .... $ 3,742,092.01 996.05
--------------- --------
Class 9-B3 .... $ 1,496,837.80 996.05
--------------- --------
Class 9-B4 .... $ 898,101.29 996.05
--------------- --------
Class 9-B5 .... $ 1,347,154.17 996.05
--------------- --------
Class 9-R ..... $ 0.00 0.00
--------------- --------
Class 9-RL .... $ 0.00 0.00
--------------- --------
Class 9-S ..... $277,478,230.64 923.24
--------------- --------
<PAGE>
viii) The following pertains to any real estate
acquired on behalf of Certificateholders through
foreclosure, or grant of a deed in lieu of
foreclosure or otherwise, of any REO Mortgage
Loan:
book value ....................................... $ 0
---------------
number of related mortgage loans ................. 0
---------------
ix) The aggregate number and aggregate Principal
Balances of Mortgage Loans which, as of the close
of business on the last day of the month preceding
the related Determination Date, were;
(a) delinquent
(1) 30-59 days
Number 5 Principal Balance $1,271,980.70
------------- -------------
(2) 60-89 days
Number 1 Principal Balance $239,427.06
------------- -------------
(3) 90 days or more
Number 1 Principal Balance $214,870.96
------------- -------------
(b) in foreclosure
Number 2 Principal Balance $448,499.39
------------- -------------
x) The Scheduled Principal Balance of any Mortgage
Loan replaced pursuant to Section 2.03(b), and of
any Modified Mortgage Loan purchased pursuant to
Section 3.01(c); ................................. $ 0.00
---------------
xi) The Certificate Interest Rates, applicable to the
Interest Accrual Period relating to such
Distribution Date:
Class 9-A5: ....................... 7.982900%
--------
Class 9-A6: ....................... 7.500000%
--------
1. Senior Percentage for such Distribution Date: .... 93.57750000%
---------------
2. Group I Senior Percentage for such Distribution
Date: ............................................ 80.82200900%
---------------
3. Group II Senior Percentage for such Distribution
Date: ............................................ 12.75549100%
---------------
4. Senior Prepayment Percentage for such Distribution
Date: ............................................ 100.00000000%
---------------
5. Group I Senior Prepayment Percentage for such
Distribution Date: ............................... 100.00000000%
---------------
6. Group II Senior Prepayment Percentage for such
Distribution Date: ............................... 0.00000000%
---------------
7. Junior Percentage for such Distribution Date: .... 6.42250000%
---------------
8. Junior Prepayment Percentage for such Distribution
Date: ............................................ 0.00000000%
---------------
<PAGE>
Exhibit 99.23
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
MAY 1996
REMIC Multi-Class Pass-Through Certificates
Series 1995-11
Pursuant to the Pooling and Servicing Agreement dated as of December 1,
1995 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank and Trust Company (the "Trustee"), governing
the Certificates referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate Scheduled Monthly Payments:
(a) Principal .................................... $ 225,616.60
---------------
(b) Interest ..................................... $ 2,230,720.09
---------------
(c) Total ........................................ $ 2,456,336.69
---------------
2. Aggregate Monthly Payments Received and Monthly
Advances made this month:
(a) Principal .................................... $ 225,616.60
---------------
(b) Interest ..................................... $ 2,171,238.64
---------------
(c) Total ........................................ $ 2,396,855.24
---------------
3. Aggregate Principal Prepayments in part received
and applied in prior month:
.................................................. $ 142,254.35
---------------
4. Aggregate Principal Prepayments in full received
in prior month:
(a) Principal .................................... $ 1,414,279.66
---------------
(b) Interest ..................................... $ 10,451.03
---------------
(c) Total ........................................ $ 1,424,730.69
---------------
<PAGE>
5. Aggregate Insurance Proceeds for prior month:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
6. Aggregate Liquidation Proceeds for prior month:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
7. Aggregate Purchase Prices for Defaulted and
Modified Mortgage Loans:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
8. Aggregate Purchase Prices ( and substitution
adjustments) for Defective Mortgage Loans:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
9. Pool Scheduled Principal Balance: ................ $326,983,622.16
---------------
10. Available Funds: ................................. $ 3,963,840.28
---------------
11. Realized Losses for prior month: ................. $ 0.00
---------------
12. Aggregate Realized Losses:
(a) Deficient Valuations: ........................ $ 0.00
---------------
(b) Special Hazard Losses: ....................... $ 0.00
---------------
(c) Fraud Losses: ................................ $ 0.00
---------------
(d) Excess Bankruptcy Losses: .................... $ 0.00
---------------
(e) Excess Special Hazard Losses: ................ $ 0.00
---------------
(f) Excess Fraud Losses: ......................... $ 0.00
---------------
(g) Debt Service Reductions: ..................... $ 0.00
---------------
13. Compensating Interest Payment: ................... $ 1,490.85
---------------
<PAGE>
14. Accrued Certificate Interest, Unpaid Class
Interest Shortfalls and Pay-out Rate:
Class 11-A1 .............. $106,349.66 $ 0.00 7.25000000%
----------- --------------- ----------
Class 11-A2 .............. $275,042.21 $ 0.00 7.50000000%
----------- --------------- ----------
Class 11-A3 .............. $419,827.37 $ 0.00 7.00000000%
----------- --------------- ----------
Class 11-A4 .............. $505,029.86 $ 0.00 6.75000000%
----------- --------------- ----------
Class 11-A5 .............. $ 89,769.33 $ 0.00 2.16642600%
----------- --------------- ----------
Class 11-A6 .............. $218,172.05 $ 0.00 7.50000000%
----------- --------------- ----------
Class 11-M ............... $ 43,272.87 $ 0.00 7.50000000%
----------- --------------- ----------
Class 11-B1 .............. $ 32,451.53 $ 0.00 7.50000000%
----------- --------------- ----------
Class 11-B2 .............. $ 27,047.09 $ 0.00 7.50000000%
----------- --------------- ----------
Class 11-B3 .............. $ 11,899.73 $ 0.00 7.50000000%
----------- --------------- ----------
Class 11-B4 .............. $ 6,489.06 $ 0.00 7.50000000%
----------- --------------- ----------
Class 11-B5 .............. $ 8,660.85 $ 0.00 7.50000000%
----------- --------------- ----------
Class 11-S ............... $126,903.59 $ 0.00 0.46320000%
----------- --------------- ----------
Class 11-R ............... $ 0.00 $ 0.00 7.50000000%
----------- --------------- ----------
Class 11-RL .............. $ 0.00 $ 0.00 7.50000000%
----------- --------------- ----------
15. Accrual Amount: .................................. $ 310,774.47
---------------
16. Principal distributable:
Class 11-A1 .......................... $ 229,810.61
--------------
Class 11-A2 .......................... $ 574,526.52
--------------
Class 11-A3 .......................... $ 939,603.64
--------------
Class 11-A4 .......................... $ 310,774.47
--------------
Class 11-A5 .......................... $ 0.00
--------------
Class 11-A6 .......................... $ 23,955.38
--------------
Class 11-M ........................... $ 4,751.39
--------------
Class 11-B1 .......................... $ 3,563.20
--------------
Class 11-B2 .......................... $ 2,969.79
--------------
Class 11-B3 .......................... $ 1,306.60
--------------
Class 11-B4 .......................... $ 712.50
--------------
Class 11-B5 .......................... $ 950.98
--------------
Class 11-R ........................... $ 0.00
--------------
Class 11-RL .......................... $ 0.00
--------------
17. Additional distributions to the Class 11-R
Certificate pursuant to Section 4.01(b): ......... $ 0.00
---------------
<PAGE>
18. Additional distributions to the Class 11-RL
Certificate pursuant to Section 2.05(d): ......... $ 0.00
---------------
19. Certificate Interest Rate of:
Class 11-A5 Certificates:.......... 9.666400%
--------
Class 11-A6 Certificates:.......... 7.500000%
--------
B. Other Amounts:
1. Senior Percentage for such Distribution Date: .... 93.682000%
---------------
2. Group I Senior Percentage for such Distribution
Date: ............................................ 83.064262%
---------------
3. Group II Senior Percentage for such Distribution
Date: ............................................ 10.617738%
---------------
4. Senior Prepayment Percentage for such Distribution
Date: ............................................ 100.000000%
---------------
5. Group I Senior Prepayment Percentage for such
Distribution Date: ............................... 100.000000%
---------------
6. Group II Senior Prepayment Percentage for such
Distribution Date: ............................... 0.000000%
---------------
7. Junior Percentage for such Distribution Date: .... 6.318000%
---------------
8. Junior Prepayment Percentage for such Distribution
Date: ............................................ 0.000000%
---------------
9. Subordinate Certificate Writedown Amount for such
Distribution Date: ............................... $ 0.00
---------------
10. Prepayment Distribution Triggers satisfied:
YES NO
--- --
Class 11-B1....... X
-------- --------
Class 11-B2....... X
-------- --------
Class 11-B3....... X
-------- --------
Class 11-B4....... X
-------- --------
Class 11-B5....... X
-------- --------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
-----------------------------------
Karen Pickett
Vice-President,
Investor Operations
<PAGE>
Exhibit 99.24
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
REMIC Multi-Class Pass-Through Certificates
MAY 1996
Series 1995-11
Pursuant to the Pooling and Servicing Agreement dated as of November 1,
1995 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank and Trust Company (the "Trustee"), governing
the Certificates referred to above, the Company hereby certifies to the Trustee:
(a) The amounts below are for a Single Certificate of $1,000:
i) The amount of such distribution allocable to
principal:
Class 11-A1 ... $ 11.49053050 Class 11-B1 ... $ 0.68444103
--------------- ---------------
Class 11-A2 ... $ 11.49053040 Class 11-B2 ... $ 0.68444112
--------------- ---------------
Class 11-A3 ... $ 11.49053025 Class 11-B3 ... $ 0.68444212
--------------- ---------------
Class 11-A4 ... $ 0.00000000 Class 11-B4 ... $ 0.68443804
--------------- ---------------
Class 11-A5 ... $ 0.00000000 Class 11-B5 ... $ 0.68444978
--------------- ---------------
Class 11-A6 ... $ 0.68443943 Class 11-R .... $ 0.00000000
--------------- ---------------
Class 11-M .... $ 0.68444108 Class 11-RL ... $ 0.00000000
--------------- ---------------
ii) Principal Prepayments included in the above
principal distribution (including the Scheduled
Principal Balances of all Defaulted Mortgage Loans
and Defective Mortgage Loans purchased pursuant to
Section 2.02, 2.03 (b) or 3.16, respectively, and
any amounts deposited pursuant to Section 2.03(b)
in connection with the substitution of any
Mortgage Loans pursuant to Section 2.02 or
2.03(a), the proceeds of which are being
distributed on such Distribution Date);
Class 11-A1 ... $ 10.11677157 Class 11-B1 ... $ 0.00000000
--------------- ---------------
Class 11-A2 ... $ 10.11677149 Class 11-B2 ... $ 0.00000000
--------------- ---------------
Class 11-A3 ... $ 10.11677135 Class 11-B3 ... $ 0.00000000
--------------- ---------------
Class 11-A4 ... $ 0.00000000 Class 11-B4 ... $ 0.00000000
--------------- ---------------
Class 11-A5 ... $ 0.00000000 Class 11-B5 ... $ 0.00000000
--------------- ---------------
Class 11-A6 ... $ 0.60261076 Class 11-R .... $ 0.00000000
--------------- ---------------
Class 11-M .... $ 0.00000000 Class 11-RL ... $ 0.00000000
--------------- ---------------
<PAGE>
iii) The amount of such distribution to the
Certificateholders of each class, allocable to
Interest:
Class 11-A1 ... 5.31748300 Class 11-B1 ... 6.23348636
--------------- ---------------
Class 11-A2 ... 5.50084420 Class 11-B2 ... 6.23348467
--------------- ---------------
Class 11-A3 ... 5.13412134 Class 11-B3 ... 6.23348874
--------------- ---------------
Class 11-A4 ... 5.54935181 Class 11-B4 ... 6.23348703
--------------- ---------------
Class 11-A5 ... 1.85091402 Class 11-B5 ... 6.23348217
--------------- ---------------
Class 11-A6 ... 6.23348714 Class 11-R .... 0.00000000
--------------- ---------------
Class 11-M .... 6.23348747 Class 11-RL ... 0.00000000
--------------- ---------------
Class 11-S .... 0.37000000
---------------
iv) The amount of accrual:............................ 2,054,786.08
---------------
v) The amount of servicing compensation received by
GECMSI during the month preceding the month of
distribution ..................................... 58,472.10
---------------
(b) The amounts below are for the aggregate of all Certificates.
vi) The Pool Scheduled Principal Balances of each
Mortgage Pool on the preceding Due Date after
giving effect to all distributions allocable to
principal made on such Distribution
Date ............................................. $326,983,622.16
---------------
The aggregate number of Mortgage Loans included in
the Scheduled Principal Balance set forth
above ............................................ 1,185
---------------
vii) The Class Certificate Principal Balance of each
Class and the Certificate Principal Balance of a
Single Certificate of each Class after giving
effect to (i) all distributions allocable to
principal made on such Distribution Date and (ii)
the allocation of any Realized Losses and any
Subordinate Writedown Certificate Amount for such
Distribution Date:
Class Certificate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 11-A1 ... $ 17,372,891.08 868.64
--------------- --------
Class 11-A2 ... $ 43,432,227.69 868.64
--------------- --------
Class 11-A3 ... $ 71,030,802.45 868.64
--------------- --------
Class 11-A4 ... $ 89,472,310.91 983.14
--------------- --------
Class 11-A5 ... $ 50,034,689.09 1,031.64
--------------- --------
Class 11-A6 ... $ 34,883,572.00 996.67
--------------- --------
Class 11-M .... $ 6,918,907.44 996.67
--------------- --------
Class 11-B1 ... $ 5,188,682.24 996.67
--------------- --------
Class 11-B2 ... $ 4,324,566.32 996.67
--------------- --------
Class 11-B3 ... $ 1,902,649.70 996.67
--------------- --------
Class 11-B4 ... $ 1,037,537.11 996.67
--------------- --------
Class 11-B5 ... $ 1,384,786.13 996.67
--------------- --------
Class 11-R .... $ 0.00 0.00
--------------- --------
Class 11-RL ... $ 0.00 0.00
--------------- --------
Class 11-S .... $326,983,622.16 942.03
--------------- --------
<PAGE>
viii) The following pertains to any real estate
acquired on behalf of Certificateholders through
foreclosure, or grant of a deed in lieu of
foreclosure or otherwise, of any REO Mortgage
Loan:
book value ....................................... $ 0
---------------
number of related mortgage loans ................. 0
---------------
ix) The aggregate number and aggregate Principal
Balances of Mortgage Loans which, as of the close
of business on the last day of the month preceding
the related Determination Date, were;
(a) delinquent
(1) 30-59 days
Number 19 Principal Balance $4,721,872.20
------------- -------------
(2) 60-89 days
Number 6 Principal Balance $1,661,669.24
------------- -------------
(3) 90 days or more
Number 2 Principal Balance $555,566.50
------------- -------------
(b) in foreclosure
Number 0 Principal Balance $0.00
------------- -------------
x) The Scheduled Principal Balance of any Mortgage
Loan replaced pursuant to Section 2.03(b), and of
any Modified Mortgage Loan purchased pursuant to
Section 3.01(c); ................................. $ 0.00
---------------
xi) The Certificate Interest Rates, applicable to the
Interest Accrual Period relating to such
Distribution Date:
Class 11-A5: ...................... 9.666400%
--------
Class 11-A6: ...................... 7.500000%
--------
1. Senior Percentage for such Distribution Date: .... 93.68200000%
---------------
2. Group I Senior Percentage for such Distribution
Date: ............................................ 83.06426200%
---------------
3. Group II Senior Percentage for such Distribution
Date: ............................................ 10.61773800%
---------------
4. Senior Prepayment Percentage for such Distribution
Date: ............................................ 100.00000000%
---------------
5. Group I Senior Prepayment Percentage for such
Distribution Date: ............................... 100.00000000%
---------------
6. Group II Senior Prepayment Percentage for such
Distribution Date: ............................... 0.00000000%
---------------
7. Junior Percentage for such Distribution Date: .... 6.31800000%
---------------
8. Junior Prepayment Percentage for such Distribution
Date: ............................................ 0.00000000%
---------------
<PAGE>
Exhibit 99.25
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
MAY 1996
REMIC Multi-Class Pass-Through Certificates
Series 1996-1
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1996
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate Scheduled Monthly Payments:
(a) Principal .................................... $ 381,962.58
---------------
(b) Interest ..................................... $ 764,886.70
---------------
(c) Total ........................................ $ 1,146,849.28
---------------
2. Aggregate Monthly Payments Received and Monthly
Advances made this month:
(a) Principal .................................... $ 381,962.58
---------------
(b) Interest ..................................... $ 743,058.73
---------------
(c) Total ........................................ $ 1,125,021.31
---------------
3. Aggregate Principal Prepayments in part received
and applied in prior month ....................... $ 219,627.42
---------------
4. Aggregate Principal Prepayments in full received
in prior month:
(a) Principal .................................... $ 648,480.41
---------------
(b) Interest ..................................... $ 3,380.91
---------------
(c) Total ........................................ $ 651,861.32
---------------
<PAGE>
5. Aggregate Insurance Proceeds for prior month:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
6. Aggregate Liquidation Proceeds for prior month:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
7. Aggregate Purchase Prices for Defaulted and
Modified Mortgage Loans:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
8. Aggregate Purchase Prices ( and substitution
adjustments) for Defective Mortgage Loans:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
9. Pool Scheduled Principal Balance: ................ $118,486,777.17
---------------
10. Available Funds: ................................. $ 1,996,510.05
---------------
11. Realized Losses for prior month: ................. $ 0.00
---------------
12. Aggregate Realized Losses:
(a) Deficient Valuations: ........................ $ 0.00
---------------
(b) Special Hazard Losses: ....................... $ 0.00
---------------
(c) Fraud Losses: ................................ $ 0.00
---------------
(d) Excess Bankruptcy Losses: .................... $ 0.00
---------------
(e) Excess Special Hazard Losses: ................ $ 0.00
---------------
(f) Excess Fraud Losses: ......................... $ 0.00
---------------
(g) Debt Service Reductions: ..................... $ 0.00
---------------
13. Non-Credit Losses: ............................... $ 0.00
---------------
14. Compensating Interest Payment: ................... $ 1,717.36
---------------
<PAGE>
15. Accrued Certificate Interest, Unpaid Class
Interest Shortfalls and Pay-out Rate:
Class 1-A ................ $646,440.33 $ 0.00 6.75000000%
----------- --------------- ----------
Class 1-M ................ $ 10,488.20 $ 0.00 6.75000000%
----------- --------------- ----------
Class 1-B1 ............... $ 3,494.21 $ 0.00 6.75000000%
----------- --------------- ----------
Class 1-B2 ............... $ 3,499.78 $ 0.00 6.75000000%
----------- --------------- ----------
Class 1-B3 ............... $ 4,541.91 $ 0.00 6.75000000%
----------- --------------- ----------
Class 1-B4 ............... $ 2,095.41 $ 0.00 6.75000000%
----------- --------------- ----------
Class 1-B5 ............... $ 2,101.71 $ 0.00 6.75000000%
----------- --------------- ----------
Class 1-S ................ $ 73,778.09 $ 0.00 0.76572875%
----------- --------------- ----------
Class 1-R ................ $ 0.00 $ 0.00 6.75000000%
----------- --------------- ----------
16. Principal Distributable:
Class 1-A .......................... $ 1,232,996.56
----------------
Class 1-PO ......................... $ 2,206.20
----------------
Class 1-M .......................... $ 5,946.89
----------------
Class 1-B1 ......................... $ 1,981.24
----------------
Class 1-B2 ......................... $ 1,984.40
----------------
Class 1-B3 ......................... $ 2,575.30
----------------
Class 1-B4 ......................... $ 1,188.11
----------------
Class 1-B5 ......................... $ 1,191.71
----------------
Class 1-R .......................... $ 0.00
----------------
17. Additional distributions to the Class R
Certificate pursuant to Section 4.01(b): ......... $ 0.00
---------------
18. Certificate Interest Rates of:
Class 1-S Certificates:............ 0.765729%
--------
<PAGE>
B. Other Amounts:
1. Senior Percentage for such Distribution Date: .... 96.101900%
---------------
2. Senior Prepayment Percentage for such Distribution
Date: ............................................ 100.000000%
---------------
3. Junior Percentage for such Distribution Date: .... 3.898100%
---------------
4. Junior Prepayment Percentage for such Distribution
Date: ............................................ 0.000000%
---------------
5. Subordinate Certificate Writedown Amount for such
Distribution Date: ............................... $ 0.00
---------------
6. Prepayment Distribution Triggers satisfied:
YES NO
--- --
Class 1-B1........ X
-------- --------
Class 1-B2........ X
-------- --------
Class 1-B3........ X
-------- --------
Class 1-B4........ X
-------- --------
Class 1-B5........ X
-------- --------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
-----------------------------------
Karen Pickett
Vice-President,
Investor Operations
MAY 1996
<PAGE>
Exhibit 99.26
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
MAY 1996
REMIC Multi-Class Pass-Through Certificates
Series 1996-1
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1996
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
(a) The amounts below (other than for Class R) are for a Single Certificate of
$1,000.
i) The amount of such distribution allocable to
principal:
Class 1-A........ $10.22520865
------------
Class 1-PO........ $14.29743208
------------
Class 1-M........ $3.15987779
------------
Class 1-B1........ $3.15987241
------------
Class 1-B2........ $3.15987261
------------
Class 1-B3........ $3.15987730
------------
Class 1-B4........ $3.15986702
------------
Class 1-B5........ $3.15989726
------------
Class 1-R........ $0.00000000
------------
ii) Principal Prepayments included in the above
principal distribution (including the Scheduled
Principal Balances of all Defaulted Mortgage Loans
and Defective Mortgage Loans purchased pursuant to
Section 2.02, 2.03(b) or 3.16, respectively, and
any amounts deposited pursuant to Section 2.03(b)
in connection with the substitution of any
Mortgage Loans pursuant to Section 2.02 or
2.03(a), the proceeds of which are being
distributed on such Distribution Date);
Class 1-A........ $7.18633730
------------
Class 1-M........ $0.00000000
------------
Class 1-B1........ $0.00000000
------------
Class 1-B2........ $0.00000000
------------
Class 1-B3........ $0.00000000
------------
Class 1-B4........ $0.00000000
------------
Class 1-B5........ $0.00000000
------------
Class 1-R........ $0.00000000
------------
<PAGE>
iii) The amount of such distribution to the
Certificateholders of each class, allocable to
Interest:
Class 1-A........ $5.36091297
------------
Class 1-PO........ $0.00000000
------------
Class 1-M........ $5.57290117
------------
Class 1-B1........ $5.57290271
------------
Class 1-B2........ $5.57289809
------------
Class 1-B3........ $5.57289571
------------
Class 1-B4......... $5.57289894
------------
Class 1-B5........ $5.57282196
------------
Class 1-S......... $0.60834165
------------
Class 1-R......... $0.00000000
------------
iv) The amount of servicing compensation received by
GECMSI during the month preceding the month of
distribution ..................................... 0.18141516
---------------
(b) The amounts below are for the aggregate of all Certificates.
v) The Pool Scheduled Principal Balances of each
Mortgage Pool on the preceding Due Date after
giving effect to all distributions allocable to
principal made on such Distribution
Date ............................................. $118,486,777.17
---------------
The aggregate number of Mortgage Loans included in
the Scheduled Principal Balance set forth
above ............................................ 382
---------------
vi) The Class Certificate Principal Balance of each
Class and the Certificate Principal Balance of a
Single Certificate of each Class after giving
effect to (i) all distributions allocable to
principal made on such Distribution Date and (ii)
the allocation of any Realized Losses and any
Subordinate Writedown Certificate Amount for such
Distribution Date:
Class Certificate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 1-A ..... $113,689,728.42 942.83
--------------- --------
Class 1-PO .... $ 150,361.32 974.43
--------------- --------
Class 1-M ..... $ 1,858,621.38 987.58
--------------- --------
Class 1-B1 .... $ 619,211.27 987.58
--------------- --------
Class 1-B2 .... $ 620,198.85 987.58
--------------- --------
Class 1-B3 .... $ 804,875.89 987.58
--------------- --------
Class 1-B4 .... $ 371,329.24 987.58
--------------- --------
Class 1-B5 .... $ 372,450.80 987.58
--------------- --------
Class 1-S ..... $114,671,229.50 945.53
--------------- --------
Class 1-R ..... $ 0.00 0.00
--------------- --------
<PAGE>
vii) The following pertains to any real estate acquired
on behalf of Certificateholders through
foreclosure, or grant of a deed in lieu of
foreclosure or otherwise, of any REO Mortgage
Loan:
book value ....................................... $ 0
---------------
unpaid principal balance ......................... $ 0
---------------
number of related mortgage loans ................. 0
---------------
iii) The aggregate number and aggregate Principal
Balances of Mortgage Loans which, as of the close
of business on the last day of the month preceding
the related Determination Date, were;
(a) delinquent
(1) 30-59 days
Number 8 Principal Balance $2,522,406.57
------------- -------------
(2) 60-89 days
Number 0 Principal Balance $0.00
------------- -------------
(3) 90 days or more
Number 0 Principal Balance $0.00
------------- -------------
(b) in foreclosure
Number 0 Principal Balance $0.00
------------- -------------
ix) The Scheduled Principal Balance of any Mortgage
Loan replaced pursuant to Section 2.03(b), and of
any Modified Mortgage Loan purchased pursuant to
Section 3.01(c); ................................. $ 0.00
---------------
x) The Certificate Interest Rates, applicable to the
Interest Accrual Period relating to such
Distribution Date:
Class 1-S: ........................ 0.765729%
--------
xi) The Senior Percentage for such Distribution Date; 96.101900%
---------------
The Junior Percentage for such Distribution Date; 3.898100%
---------------
xii) The Senior Prepayment Percentage for such
Distribution Date; ............................... 100.000000%
---------------
The Junior Prepayment Percentage for such
Distribution Date; ............................... 0.000000%
---------------
<PAGE>
Exhibit 99.27
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
MAY 1996
REMIC Multi-Class Pass-Through Certificates
Series 1996-2
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1996
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate Scheduled Monthly Payments:
(a) Principal .................................... $ 290,907.40
---------------
(b) Interest ..................................... $ 2,558,252.38
---------------
(c) Total ........................................ $ 2,849,159.78
---------------
2. Aggregate Monthly Payments Received and Monthly
Advances made this month:
(a) Principal .................................... $ 290,907.40
---------------
(b) Interest ..................................... $ 2,073,009.97
---------------
(c) Total ........................................ $ 2,363,917.37
---------------
3. Aggregate Principal Prepayments in part received
and applied in prior month: ...................... $ 93,083.70
---------------
4. Aggregate Principal Prepayments in full received
in prior month:
(a) Principal .................................... $ 1,724,777.82
---------------
(b) Interest ..................................... $ 10,248.95
---------------
(c) Total ........................................ $ 1,735,026.77
---------------
<PAGE>
5. Aggregate Insurance Proceeds for prior month:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
6. Aggregate Liquidation Proceeds for prior month:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
7. Aggregate Purchase Prices for Defaulted and
Modified Mortgage Loans:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
8. Aggregate Purchase Prices ( and substitution
adjustments) for Defective Mortgage Loans:
(a) Principal .................................... $ 412,084.12
---------------
(b) Interest ..................................... $ 2,546.85
---------------
(c) Total ........................................ $ 414,630.97
---------------
9. Pool Scheduled Principal Balance: ................ $392,915,815.29
---------------
10. Available Funds: ................................. $ 4,606,658.81
---------------
11. Realized Losses for prior month: ................. $ 0.00
---------------
12. Aggregate Realized Losses:
(a) Deficient Valuations: ........................ $ 0.00
---------------
(b) Special Hazard Losses: ....................... $ 0.00
---------------
(c) Fraud Losses: ................................ $ 0.00
---------------
(d) Excess Bankruptcy Losses: .................... $ 0.00
---------------
(e) Excess Special Hazard Losses: ................ $ 0.00
---------------
(f) Excess Fraud Losses: ......................... $ 0.00
---------------
(g) Debt Service Reductions: ..................... $ 0.00
---------------
13. Non-Credit Losses: ............................... $ 0.00
---------------
14. Compensating Interest Payment: ................... $ 778.39
---------------
<PAGE>
15. Accrued Certificate Interest, Unpaid Class
Interest Shortfalls and Pay-out Rate:
Class 2-A1 ............... $371,192.26 $ 0.00 7.00000000%
----------- --------------- ----------
Class 2-A2 ............... $440,278.47 $ 0.00 6.75000000%
----------- --------------- ----------
Class 2-A3 ............... $472,891.69 $ 0.00 7.25000000%
----------- --------------- ----------
Class 2-A4 ............... $288,023.31 $ 0.00 7.00000000%
----------- --------------- ----------
Class 2-A5 ............... $145,833.33 $ 0.00 7.00000000%
----------- --------------- ----------
Class 2-A6 ............... $ 40,833.33 $ 0.00 7.00000000%
----------- --------------- ----------
Class 2-A7 ............... $177,105.83 $ 0.00 7.00000000%
----------- --------------- ----------
Class 2-A8 ............... $232,828.06 $ 0.00 7.00000000%
----------- --------------- ----------
Class 2-M ................ $ 46,641.28 $ 0.00 7.00000000%
----------- --------------- ----------
Class 2-B1 ............... $ 29,150.07 $ 0.00 7.00000000%
----------- --------------- ----------
Class 2-B2 ............... $ 29,150.07 $ 0.00 7.00000000%
----------- --------------- ----------
Class 2-B3 ............... $ 11,664.69 $ 0.00 7.00000000%
----------- --------------- ----------
Class 2-B4 ............... $ 6,996.48 $ 0.00 7.00000000%
----------- --------------- ----------
Class 2-B5 ............... $ 10,493.47 $ 0.00 7.00000000%
----------- --------------- ----------
Class 2-S ................ $194,807.35 $ 0.00 0.60353966%
Class 2-R ................ $ 0.00 $ 0.00 7.00000000%
----------- --------------- ----------
16. Principal distributable:
Class 2-A1 .......................... $ 528,151.28
--------------
Class 2-A2 .......................... $ 649,652.55
--------------
Class 2-A3 .......................... $ 649,652.55
--------------
Class 2-A4 .......................... $ 234,776.32
--------------
Class 2-A5 .......................... $ 0.00
--------------
Class 2-A6 .......................... $ 0.00
--------------
Class 2-A7 .......................... $ 0.00
--------------
Class 2-A8 .......................... $ 29,388.15
--------------
Class 2-PO .......................... $ 222.12
--------------
Class 2-M ........................... $ 5,887.18
--------------
Class 2-B1 .......................... $ 3,679.40
--------------
Class 2-B2 .......................... $ 3,679.40
--------------
Class 2-B3 .......................... $ 1,472.35
--------------
Class 2-B4 .......................... $ 883.11
--------------
Class 2-B5 .......................... $ 1,324.51
--------------
Class 2-R ........................... $ 0.00
--------------
17. Additional distributions to the Class 2-R
Certificate pursuant to Section 4.01(b): ......... $-0.00
---------------
18. Certificate Interest Rates of:
Class 2-S Certificates:............ 0.591800%
--------
<PAGE>
B. Other Amounts:
1. Senior Percentage for such Distribution Date: .... 94.177539%
---------------
2. Group I Senior Percentage for such Distribution
Date: ............................................ 84.068128%
---------------
3. Group II Senior Percentage for such Distribution
Date: ............................................ 10.109411%
---------------
4. Senior Prepayment Percentage for such Distribution
Date: ............................................ 100.000000%
---------------
5. Group I Senior Prepayment Percentage for such
Distribution Date: ............................... 100.000000%
---------------
6. Group II Senior Prepayment Percentage for such
Distribution Date: ............................... 0.000000%
---------------
7. Junior Percentage for such Distribution Date: .... 5.822461%
---------------
8. Junior Prepayment Percentage for such Distribution
Date: ............................................ 0.000000%
---------------
9. Subordinate Certificate Writedown Amount for such
Distribution Date: ............................... $ 0.00
---------------
10. Prepayment Distribution Triggers satisfied:
YES NO
--- --
Class 2-B1....... X
-------- --------
Class 2-B2....... X
-------- --------
Class 2-B3....... X
-------- --------
Class 2-B4....... X
-------- --------
Class 2-B5....... X
-------- --------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
-----------------------------------
Karen Pickett
Vice-President,
Investor Operations
<PAGE>
Exhibit 99.28
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
MAY 1996
REMIC Multi-Class Pass-Through Certificates
Series 1996-2
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1996
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
(a) The amounts below (other than for Class R) are for a Single Certificate of
$1,000:
i) The amount of such distribution allocable to
principal:
Class 2-A1 .... $ 8.12065685 Class 2-PO .... $ 1.05215231
--------------- ---------------
Class 2-A2 .... $ 8.12065688 Class 2-M ..... $ 0.73470361
--------------- ---------------
Class 2-A3 .... $ 8.12065688 Class 2-B1 .... $ 0.73470447
--------------- ---------------
Class 2-A4 .... $ 4.69552640 Class 2-B2 .... $ 0.73470447
--------------- ---------------
Class 2-A5 .... $ 0.00000000 Class 2-B3 .... $ 0.73470559
--------------- ---------------
Class 2-A6 .... $ 0.00000000 Class 2-B4 .... $ 0.73470050
--------------- ---------------
Class 2-A7 .... $ 0.00000000 Class 2-B5 .... $ 0.73470229
--------------- ---------------
Class 2-A8 .... $ 0.73470375 Class 2-R ..... $ 0.00000000
--------------- ---------------
ii) Principal Prepayments included in the above
principal distribution (including the Scheduled
Principal Balances of all Defaulted Mortgage Loans
and Defective Mortgage Loans purchased pursuant to
Section 2.02, 2.03 (b) or 3.16, respectively, and
any amounts deposited pursuant to Section 2.03(b)
in connection with the substitution of any
Mortgage Loans pursuant to Section 2.02 or
2.03(a), the proceeds of which are being
distributed on such Distribution Date);
Class 2-A1 .... $ 7.05704482 Class 2-M ..... $ 0.00000000
--------------- ---------------
Class 2-A2 .... $ 7.05704485 Class 2-B1 .... $ 0.00000000
--------------- ---------------
Class 2-A3 .... $ 7.05704485 Class 2-B2 .... $ 0.00000000
--------------- ---------------
Class 2-A4 .... $ 4.08052463 Class 2-B3 .... $ 0.00000000
--------------- ---------------
Class 2-A5 .... $ 0.00000000 Class 2-B4 .... $ 0.00000000
--------------- ---------------
Class 2-A6 .... $ 0.00000000 Class 2-B5 .... $ 0.00000000
--------------- ---------------
Class 2-A7 .... $ 0.00000000 Class 2-R ..... $ 0.00000000
--------------- ---------------
Class 2-A8 .... $ 0.63847511
---------------
Class 2-PO .... $ 0.91434550
---------------
<PAGE>
iii) The amount of such distribution to the
Certificateholders of each class, allocable to
Interest:
Class 2-A1 .... 5.70731357 Class 2-M ..... 5.82070136
---------- ----------
Class 2-A2 .... 5.50348088 Class 2-B1 .... 5.82070088
---------- ----------
Class 2-A3 .... 5.91114613 Class 2-B2 .... 5.82070088
---------- ----------
Class 2-A4 .... 5.76046620 Class 2-B3 .... 5.82070359
---------- ----------
Class 2-A5 .... 5.83333320 Class 2-B4 .... 5.82069884
---------- ----------
Class 2-A6 .... 5.83333286 Class 2-B5 .... 5.82070083
---------- ----------
Class 2-A7 .... 5.83333322 Class 2-R ..... 0.00000000
---------- ----------
Class 2-A8 .... 5.82070150 Class 2-S ..... 0.48623070
---------- ----------
iv) The amount of servicing compensation received by
GECMSI during the month preceding the month of
distribution ..................................... 70,011.56
---------------
(b) The amounts below are for the aggregate of all Certificates.
v) The Pool Scheduled Principal Balances of each
Mortgage Pool on the preceding Due Date after
giving effect to all distributions allocable to
principal made on such Distribution
Date ............................................. $392,915,815.29
---------------
The aggregate number of Mortgage Loans included in
the Scheduled Principal Balance set forth
above ............................................ 1,381
---------------
vi) The Class Certificate Principal Balance of each
Class and the Certificate Principal Balance of a
Single Certificate of each Class after giving
effect to (i) all distributions allocable to
principal made on such Distribution Date and (ii)
the allocation of any Realized Losses and any
Subordinate Writedown Certificate Amount for such
Distribution Date:
Class Certificate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 2-A1 .... $ 63,104,807.11 970.28
--------------- --------
Class 2-A2 .... $ 77,622,075.84 970.28
--------------- --------
Class 2-A3 .... $ 77,622,075.84 970.28
--------------- --------
Class 2-A4 .... $ 49,140,647.92 982.81
--------------- --------
Class 2-A5 .... $ 25,000,000.00 1,000.00
--------------- --------
Class 2-A6 .... $ 7,000,000.00 1,000.00
--------------- --------
Class 2-A7 .... $ 30,361,000.00 1,000.00
--------------- --------
Class 2-A8 .... $ 39,883,993.74 997.10
--------------- --------
Class 2-PO .... $ 210,243.38 995.89
--------------- --------
Class 2-M ..... $ 7,989,761.06 997.10
--------------- --------
Class 2-B1 .... $ 4,993,476.02 997.10
--------------- --------
Class 2-B2 .... $ 4,993,476.02 997.10
--------------- --------
Class 2-B3 .... $ 1,998,188.09 997.10
--------------- --------
Class 2-B4 .... $ 1,198,514.01 997.10
--------------- --------
<PAGE>
Class 2-B5 .... $ 1,797,556.26 997.10
--------------- --------
Class 2-R ..... $ 0.00 0.00
--------------- --------
Class 2-S ..... $385,228,832.22 961.51
--------------- --------
vii) The following pertains to any real estate acquired
on behalf of Certificateholders through
foreclosure, or grant of a deed in lieu of
foreclosure or otherwise, of any REO Mortgage
Loan:
book value ....................................... $ 0
---------------
unpaid principal balance ......................... $ 0
---------------
number of related mortgage loans ................. 0
---------------
viii) The aggregate number and aggregate Principal
Balances of Mortgage Loans which, as of the close
of business on the last day of the month preceding
the related Determination Date, were;
(a) delinquent
(1) 30-59 days
Number 17 Principal Balance $4,455,506.72
------------- -------------
(2) 60-89 days
Number 1 Principal Balance $95,829.64
------------- -------------
(3) 90 days or more
Number 0 Principal Balance $0.00
------------- -------------
(b) in foreclosure
Number 0 Principal Balance $0.00
------------- -------------
ix) The Scheduled Principal Balance of any Mortgage
Loan replaced pursuant to Section 2.03(b), and of
any Modified Mortgage Loan purchased pursuant to
Section 3.01(c); ................................. $ 0.00
---------------
x) The Certificate Interest Rates, applicable to the
Interest Accrual Period relating to such
Distribution Date:
Class 2-S: ........................ 0.591800%
--------
1. Senior Percentage for such Distribution Date: .... 94.17753900%
---------------
2. Group I Senior Percentage for such Distribution
Date: ............................................ 84.06812800%
---------------
3. Group II Senior Percentage for such Distribution
Date: ............................................ 10.10941100%
---------------
4. Senior Prepayment Percentage for such Distribution
Date: ............................................ 100.00000000%
---------------
<PAGE>
5. Group I Senior Prepayment Percentage for such
Distribution Date: ............................... 100.00000000%
---------------
6. Group II Senior Prepayment Percentage for such
Distribution Date: ............................... 0.00000000%
---------------
7. Junior Percentage for such Distribution Date: .... 5.82246100%
---------------
8. Junior Prepayment Percentage for such Distribution
Date: ............................................ 0.00000000%
---------------
<PAGE>
Exhibit 99.29
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
MAY 1996
REMIC Multi-Class Pass-Through Certificates
Series 1996-3
Pursuant to the Pooling and Servicing Agreement dated as of February 1,
1996 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank and Trust Company (the "Trustee"), governing
the Certificates referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate Scheduled Monthly Payments:
(a) Principal .................................... $ 281,817.41
---------------
(b) Interest ..................................... $ 2,390,869.39
---------------
(c) Total ........................................ $ 2,672,686.80
---------------
2. Aggregate Monthly Payments Received and Monthly
Advances made this month:
(a) Principal .................................... $ 281,817.41
---------------
(b) Interest ..................................... $ 2,323,409.15
---------------
(c) Total ........................................ $ 2,605,226.56
---------------
3. Aggregate Principal Prepayments in part received
and applied in prior month: ...................... $ 133,720.47
---------------
4. Aggregate Principal Prepayments in full received
in prior month:
(a) Principal .................................... $ 1,033,816.77
---------------
(b) Interest ..................................... $ 6,547.67
---------------
(c) Total ........................................ $ 1,040,364.44
---------------
<PAGE>
5. Aggregate Insurance Proceeds for prior month:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
6. Aggregate Liquidation Proceeds for prior month:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
7. Aggregate Purchase Prices for Defaulted and
Modified Mortgage Loans:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
8. Aggregate Purchase Prices ( and substitution
adjustments) for Defective Mortgage Loans:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
9. Pool Scheduled Principal Balance: ................ $368,201,949.84
---------------
10. Available Funds: ................................. $ 3,779,311.47
---------------
11. Realized Losses for prior month: ................. $ 0.00
---------------
12. Aggregate Realized Losses:
(a) Deficient Valuations: ........................ $ 0.00
---------------
(b) Special Hazard Losses: ....................... $ 0.00
---------------
(c) Fraud Losses: ................................ $ 0.00
---------------
(d) Excess Bankruptcy Losses: .................... $ 0.00
---------------
(e) Excess Special Hazard Losses: ................ $ 0.00
---------------
(f) Excess Fraud Losses: ......................... $ 0.00
---------------
(g) Debt Service Reductions: ..................... $ 0.00
---------------
13. Non-Credit Losses: ............................... $ 0.00
---------------
14. Compensating Interest Payment: ................... $ 1,586.75
---------------
<PAGE>
15. Accrued Certificate Interest, Unpaid Class
Interest Shortfalls and Pay-out Rate:
Class 3-A1 ............... $1,127,887.26 $ 0.00 7.00000000%
------------- --------------- ----------
Class 3-A2 ............... $ 142,719.72 $ 0.00 7.00000000%
------------- --------------- ----------
Class 3-A3 ............... $ 287,093.24 $ 0.00 7.00000000%
------------- --------------- ----------
Class 3-A4 ............... $ 82,180.00 $ 0.00 7.00000000%
------------- --------------- ----------
Class 3-A5 ............... $ 29,166.67 $ 0.00 7.00000000%
------------- --------------- ----------
Class 3-A6 ............... $ 135,908.50 $ 0.00 7.00000000%
------------- --------------- ----------
Class 3-A7 ............... $ 218,423.63 $ 0.00 7.00000000%
------------- --------------- ----------
Class 3-M ................ $ 43,783.74 $ 0.00 7.00000000%
------------- --------------- ----------
Class 3-B1 ............... $ 27,369.94 $ 0.00 7.00000000%
------------- --------------- ----------
Class 3-B2 ............... $ 27,369.94 $ 0.00 7.00000000%
------------- --------------- ----------
Class 3-B3 ............... $ 10,944.48 $ 0.00 7.00000000%
------------- --------------- ----------
Class 3-B4 ............... $ 6,570.18 $ 0.00 7.00000000%
------------- --------------- ----------
Class 3-B5 ............... $ 9,853.36 $ 0.00 7.00000000%
------------- --------------- ----------
Class 3-S ................ $ 180,686.16 $ 0.00 0.63152799%
------------- --------------- ----------
Class 3-R ................ $ 0.00 $ 0.00 7.00000000%
------------- --------------- ----------
16. Principal distributable:
Class 3-A1 ......................... $ 1,101,751.70
----------------
Class 3-A2 ......................... $ 121,973.95
----------------
Class 3-A3 ......................... $ 179,161.53
----------------
Class 3-A4 ......................... $ 0.00
----------------
Class 3-A5 ......................... $ 0.00
----------------
Class 3-A6 ......................... $ 0.00
----------------
Class 3-A7 ......................... $ 28,509.72
----------------
Class 3-PO ......................... $ 1,525.74
----------------
Class 3-M .......................... $ 5,714.87
----------------
Class 3-B1 ......................... $ 3,572.46
----------------
Class 3-B2 ......................... $ 3,572.46
----------------
Class 3-B3 ......................... $ 1,428.53
----------------
Class 3-B4 ......................... $ 857.57
----------------
Class 3-B5 ......................... $ 1,286.12
----------------
Class 3-R .......................... $ 0.00
----------------
17. Additional distributions to the Class 3-R
Certificate pursuant to Section 4.01(b): ......... $ 0.00
---------------
18. Certificate Interest Rates of:
Class 3-S Certificates:............ 0.586600%
--------
<PAGE>
B. Other Amounts:
1. Senior Percentage for such Distribution Date: .... 94.142579%
---------------
2. Group I Senior Percentage for such Distribution
Date: ............................................ 83.979894%
---------------
3. Group II Senior Percentage for such Distribution
Date: ............................................ 10.162685%
---------------
4. Senior Prepayment Percentage for such Distribution
Date: ............................................ 100.000000%
---------------
5. Group I Senior Prepayment Percentage for such
Distribution Date: ............................... 100.000000%
---------------
6. Group II Senior Prepayment Percentage for such
Distribution Date: ............................... 0.000000%
---------------
7. Junior Percentage for such Distribution Date: .... 5.857421%
---------------
8. Junior Prepayment Percentage for such Distribution
Date: ............................................ 0.000000%
---------------
9. Subordinate Certificate Writedown Amount for such
Distribution Date: ............................... $ 0.00
---------------
10. Prepayment Distribution Triggers satisfied:
YES NO
--- --
Class 3-B1....... X
-------- --------
Class 3-B2....... X
-------- --------
Class 3-B3....... X
-------- --------
Class 3-B4....... X
-------- --------
Class 3-B5....... X
-------- --------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
-----------------------------------
Karen Pickett
Vice-President,
Investor Operations
<PAGE>
Exhibit 99.30
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
MAY 1996
REMIC Multi-Class Pass-Through Certificates
Series 1996-3
Pursuant to the Pooling and Servicing Agreement dated as of February 1,
1996 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank and Trust Company (the "Trustee"), governing
the Certificates referred to above, the Company hereby certifies to the Trustee:
(a) The amounts below (other than for Class R) are for a Single Certificate of
$1,000:
i) The amount of such distribution allocable to
principal:
Class 3-A1 .... $ 5.55953372 Class 3-M ..... $ 0.76025941
--------------- ---------------
Class 3-A2 .... $ 4.87895800 Class 3-B1 .... $ 0.76025963
--------------- ---------------
Class 3-A3 .... $ 3.58323060 Class 3-B2 .... $ 0.76025963
--------------- ---------------
Class 3-A4 .... $ 0.00000000 Class 3-B3 .... $ 0.76026078
--------------- ---------------
Class 3-A5 .... $ 0.00000000 Class 3-B4 .... $ 0.76025709
--------------- ---------------
Class 3-A6 .... $ 0.00000000 Class 3-B5 .... $ 0.76025069
--------------- ---------------
Class 3-A7 .... $ 0.76025920 Class 3-R ..... $ 0.00000000
--------------- ---------------
Class 3-PO .... $ 1.26333541
---------------
ii) Principal Prepayments included in the above
principal distribution (including the Scheduled
Principal Balances of all Defaulted Mortgage Loans
and Defective Mortgage Loans purchased pursuant to
Section 2.02, 2.03 (b) or 3.16, respectively, and
any amounts deposited pursuant to Section 2.03(b)
in connection with the substitution of any
Mortgage Loans pursuant to Section 2.02 or
2.03(a), the proceeds of which are being
distributed on such Distribution Date);
Class 3-A1 .... $ 4.52987657 Class 3-M ..... $ 0.00000000
--------------- ---------------
Class 3-A2 .... $ 3.97534733 Class 3-B1 .... $ 0.00000000
--------------- ---------------
Class 3-A3 .... $ 2.91959598 Class 3-B2 .... $ 0.00000000
--------------- ---------------
Class 3-A4 .... $ 0.00000000 Class 3-B3 .... $ 0.00000000
--------------- ---------------
Class 3-A5 .... $ 0.00000000 Class 3-B4 .... $ 0.00000000
--------------- ---------------
Class 3-A6 .... $ 0.00000000 Class 3-B5 .... $ 0.00000000
--------------- ---------------
Class 3-A7 .... $ 0.61945489 Class 3-R ..... $ 0.00000000
--------------- ---------------
Class 3-PO .... $ 1.02935853
---------------
<PAGE>
iii) The amount of such distribution to the
Certificateholders of each class, allocable to
Interest:
Class 3-A1 .... 5.69141600 Class 3-B1 .... 5.82463077
--------------- ---------------
Class 3-A2 .... 5.70878880 Class 3-B2 .... 5.82463077
--------------- ---------------
Class 3-A3 .... 5.74186480 Class 3-B3 .... 5.82463012
--------------- ---------------
Class 3-A4 .... 5.83333333 Class 3-B4 .... 5.82462766
--------------- ---------------
Class 3-A5 .... 5.83333400 Class 3-B5 .... 5.82451380
--------------- ---------------
Class 3-A6 .... 5.83333333 Class 3-R ..... 0.00000000
--------------- ---------------
Class 3-A7 .... 5.82463013 Class 3-S ..... 0.48069977
--------------- ---------------
Class 3-M ..... 5.82462951
---------------
iv) The amount of servicing compensation received by
GECMSI during the month preceding the month of
distribution ..................................... 66,221.46
---------------
(b) The amounts below are for the aggregate of all Certificates.
v) The Pool Scheduled Principal Balances of each
Mortgage Pool on the preceding Due Date after
giving effect to all distributions allocable to
principal made on such Distribution
Date ............................................. $368,201,949.84
---------------
The aggregate number of Mortgage Loans included in
the Scheduled Principal Balance set forth
above ............................................ 1,323
---------------
vi) The Class Certificate Principal Balance of each
Class and the Certificate Principal Balance of a
Single Certificate of each Class after giving
effect to (i) all distributions allocable to
principal made on such Distribution Date and (ii)
the allocation of any Realized Losses and any
Subordinate Writedown Certificate Amount for such
Distribution Date:
Class Certificate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 3-A1 .... $192,250,350.85 970.11
--------------- --------
Class 3-A2 .... $ 24,344,264.51 973.77
--------------- --------
Class 3-A3 .... $ 49,036,822.40 980.74
--------------- --------
Class 3-A4 .... $ 14,088,000.00 1,000.00
--------------- --------
Class 3-A5 .... $ 5,000,000.00 1,000.00
--------------- --------
Class 3-A6 .... $ 23,298,600.00 1,000.00
--------------- --------
Class 3-A7 .... $ 37,415,541.08 997.75
--------------- --------
Class 3-PO .... $ 1,203,345.04 996.39
--------------- --------
Class 3-M ..... $ 7,500,069.92 997.75
--------------- --------
Class 3-B1 .... $ 4,688,416.73 997.75
--------------- --------
Class 3-B2 .... $ 4,688,416.73 997.75
--------------- --------
Class 3-B3 .... $ 1,874,768.04 997.75
--------------- --------
Class 3-B4 .... $ 1,125,459.47 997.75
--------------- --------
<PAGE>
Class 3-B5 .... $ 1,687,895.07 997.75
--------------- --------
Class 3-R ..... $ 0.00 0.00
--------------- --------
Class 3-S ..... $341,916,619.78 909.64
--------------- --------
vii) The following pertains to any real estate acquired
on behalf of Certificateholders through
foreclosure, or grant of a deed in lieu of
foreclosure or otherwise, of any REO Mortgage
Loan:
book value ....................................... $ 0
---------------
unpaid principal balance ......................... $ 0
---------------
number of related mortgage loans ................. 0
---------------
viii) The aggregate number and aggregate Principal
Balances of Mortgage Loans which, as of the close
of business on the last day of the month preceding
the related Determination Date, were;
(a) delinquent
(1) 30-59 days
Number 10 Principal Balance $2,675,448.51
------------- -------------
(2) 60-89 days
Number 1 Principal Balance $208,879.75
------------- -------------
(3) 90 days or more
Number 0 Principal Balance $0.00
------------- -------------
(b) in foreclosure
Number 0 Principal Balance $0.00
------------- -------------
ix) The Scheduled Principal Balance of any Mortgage
Loan replaced pursuant to Section 2.03(b), and of
any Modified Mortgage Loan purchased pursuant to
Section 3.01(c); ................................. $ 0.00
---------------
x) The Certificate Interest Rates, applicable to the
Interest Accrual Period relating to such
Distribution Date:
Class 3-S: ........................ 0.586600%
--------
1. Senior Percentage for such Distribution Date: .... 94.14257900%
---------------
2. Group I Senior Percentage for such Distribution
Date: ............................................ 83.97989400%
---------------
3. Group II Senior Percentage for such Distribution
Date: ............................................ 10.16268500%
---------------
4. Senior Prepayment Percentage for such Distribution
Date: ............................................ 100.00000000%
---------------
<PAGE>
5. Group I Senior Prepayment Percentage for such
Distribution Date: ............................... 100.00000000%
---------------
6. Group II Senior Prepayment Percentage for such
Distribution Date: ............................... 0.00000000%
---------------
7. Junior Percentage for such Distribution Date: .... 5.85742100%
8. Junior Prepayment Percentage for such Distribution
Date: ............................................ 0.00000000%
---------------
<PAGE>
Exhibit 99.31
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
MAY 1996
REMIC Multi-Class Pass-Through Certificates
Series 1996-5
Pursuant to the Pooling and Servicing Agreement dated as of February 1,
1996 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank and Trust Company (the "Trustee"), governing
the Certificates referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate Scheduled Monthly Payments:
(a) Principal .................................... $ 579,218.82
---------------
(b) Interest ..................................... $ 1,068,459.57
---------------
(c) Total ........................................ $ 1,647,678.39
---------------
2. Aggregate Monthly Payments Received and Monthly
Advances made this month:
(a) Principal .................................... $ 579,218.82
---------------
(b) Interest ..................................... $ 1,041,502.57
---------------
(c) Total ........................................ $ 1,620,721.39
---------------
3. Aggregate Principal Prepayments in part received
and applied in prior month: ...................... $ 152,484.17
---------------
4. Aggregate Principal Prepayments in full received
in prior month:
(a) Principal .................................... $ 1,603,200.38
---------------
(b) Interest ..................................... $ 9,402.92
---------------
(c) Total ........................................ $ 1,612,603.30
---------------
<PAGE>
5. Aggregate Insurance Proceeds for prior month:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
6. Aggregate Liquidation Proceeds for prior month:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
7. Aggregate Purchase Prices for Defaulted and
Modified Mortgage Loans:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
8. Aggregate Purchase Prices ( and substitution
adjustments) for Defective Mortgage Loans:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
9. Pool Scheduled Principal Balance: ................ $157,879,365.47
---------------
10. Available Funds: ................................. $ 3,385,808.86
---------------
11. Realized Losses for prior month: ................. $ 0.00
---------------
12. Aggregate Realized Losses:
(a) Deficient Valuations: ........................ $ 0.00
---------------
(b) Special Hazard Losses: ....................... $ 0.00
---------------
(c) Fraud Losses: ................................ $ 0.00
---------------
(d) Excess Bankruptcy Losses: .................... $ 0.00
---------------
(e) Excess Special Hazard Losses: ................ $ 0.00
---------------
(f) Excess Fraud Losses: ......................... $ 0.00
---------------
(g) Debt Service Reductions: ..................... $ 0.00
---------------
13. Non-Credit Losses: ............................... $ 0.00
---------------
14. Compensating Interest Payment: ................... $ 2,787.53
---------------
<PAGE>
15. Accrued Certificate Interest, Unpaid Class
Interest Shortfalls and Pay-out Rate:
Class 5-A1 ............... $236,759.47 $ 0.00 6.75000000%
----------- --------------- ----------
Class 5-A2 ............... $231,058.22 $ 0.00 6.20000000%
----------- --------------- ----------
Class 5-A3 ............... $251,089.47 $ 0.00 7.35000000%
----------- --------------- ----------
Class 5-A4 ............... $ 56,250.00 $ 0.00 6.75000000%
----------- --------------- ----------
Class 5-A5 ............... $ 28,125.00 $ 0.00 6.75000000%
----------- --------------- ----------
Class 5-A6 ............... $ 55,860.25 $ 0.00 6.75000000%
----------- --------------- ----------
Class 5-M ................ $ 14,350.50 $ 0.00 6.75000000%
----------- --------------- ----------
Class 5-B1 ............... $ 7,172.46 $ 0.00 6.75000000%
----------- --------------- ----------
Class 5-B2 ............... $ 4,781.64 $ 0.00 6.75000000%
----------- --------------- ----------
Class 5-B3 ............... $ 6,222.83 $ 0.00 6.75000000%
----------- --------------- ----------
Class 5-B4 ............... $ 2,865.63 $ 0.00 6.75000000%
----------- --------------- ----------
Class 5-B5 ............... $ 2,874.58 $ 0.00 6.75000000%
----------- --------------- ----------
Class 5-S ................ $153,495.44 $ 0.00 1.24420839%
----------- --------------- ----------
Class 5-R ................ $ 0.00 $ 0.00 6.75000000%
----------- --------------- ----------
16. Principal distributable:
Class 5-A1 .......................... $ 747,864.25
--------------
Class 5-A2 .......................... $ 794,600.65
--------------
Class 5-A3 .......................... $ 728,383.93
--------------
Class 5-A4 .......................... $ 0.00
--------------
Class 5-A5 .......................... $ 0.00
--------------
Class 5-A6 .......................... $ 35,861.56
--------------
Class 5-PO .......................... $ 3,625.62
--------------
Class 5-M ........................... $ 9,212.84
--------------
Class 5-B1 .......................... $ 4,604.62
--------------
Class 5-B2 .......................... $ 3,069.75
--------------
Class 5-B3 .......................... $ 3,994.98
--------------
Class 5-B4 .......................... $ 1,839.70
--------------
Class 5-B5 .......................... $ 1,845.47
--------------
Class 5-R ........................... $ 0.00
--------------
17. Additional distributions to the Class 5-R
Certificate pursuant to Section 4.01(b): ......... $ 0.00
---------------
18. Certificate Interest Rates of:
Class 5-S Certificates:............ 1.149700%
--------
<PAGE>
B. Other Amounts:
1. Senior Percentage for such Distribution Date: .... 95.735763%
---------------
2. Group I Senior Percentage for such Distribution
Date: ............................................ 89.511156%
---------------
3. Group II Senior Percentage for such Distribution
Date: ............................................ 6.224607%
---------------
4. Senior Prepayment Percentage for such Distribution
Date: ............................................ 100.000000%
---------------
5. Group I Senior Prepayment Percentage for such
Distribution Date: ............................... 100.000000%
---------------
6. Group II Senior Prepayment Percentage for such
Distribution Date: ............................... 0.000000%
---------------
7. Junior Percentage for such Distribution Date: .... 4.264237%
---------------
8. Junior Prepayment Percentage for such Distribution
Date: ............................................ 0.000000%
---------------
9. Subordinate Certificate Writedown Amount for such
Distribution Date: ............................... $ 0.00
---------------
10. Prepayment Distribution Triggers satisfied:
YES NO
--- --
Class 5-B1....... X
-------- --------
Class 5-B2....... X
-------- --------
Class 5-B3....... X
-------- --------
Class 5-B4....... X
-------- --------
Class 5-B5....... X
-------- --------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
-----------------------------------
Karen Pickett
Vice-President,
Investor Operations
<PAGE>
Exhibit 99.32
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
MAY 1996
REMIC Multi-Class Pass-Through Certificates
Series 1996-5
Pursuant to the Pooling and Servicing Agreement dated as of February 1,
1996 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank and Trust Company (the "Trustee"), governing
the Certificates referred to above, the Company hereby certifies to the Trustee:
(a) The amounts below (other than for Class R) are for a Single Certificate of
$1,000:
i) The amount of such distribution allocable to
principal:
Class 5-A1 .... $ 16.37001751 Class 5-B1 .... $ 3.58615265
--------------- ---------------
Class 5-A2 .... $ 16.37001751 Class 5-B2 .... $ 3.58615654
--------------- ---------------
Class 5-A3 .... $ 16.37001753 Class 5-B3 .... $ 3.58615799
--------------- ---------------
Class 5-A4 .... $ 0.00000000 Class 5-B4 .... $ 3.58615984
--------------- ---------------
Class 5-A5 .... $ 0.00000000 Class 5-B5 .... $ 3.58613750
--------------- ---------------
Class 5-A6 .... $ 3.58615600 Class 5-R ..... $ 0.00000000
--------------- ---------------
Class 5-PO .... $ 5.32413074
---------------
Class 5-M ..... $ 3.58615804
---------------
ii) Principal Prepayments included in the above
principal distribution (including the Scheduled
Principal Balances of all Defaulted Mortgage Loans
and Defective Mortgage Loans purchased pursuant to
Section 2.02, 2.03 (b) or 3.16, respectively, and
any amounts deposited pursuant to Section 2.03(b)
in connection with the substitution of any
Mortgage Loans pursuant to Section 2.02 or
2.03(a), the proceeds of which are being
distributed on such Distribution Date);
Class 5-A1 .... $ 12.44000300 Class 5-B1 .... $ 0.00000000
--------------- ---------------
Class 5-A2 .... $ 12.44000300 Class 5-B2 .... $ 0.00000000
--------------- ---------------
Class 5-A3 .... $ 12.44000301 Class 5-B3 .... $ 0.00000000
--------------- ---------------
Class 5-A4 .... $ 0.00000000 Class 5-B4 .... $ 0.00000000
--------------- ---------------
Class 5-A5 .... $ 0.00000000 Class 5-B5 .... $ 0.00000000
--------------- ---------------
Class 5-A6 .... $ 2.72521342 Class 5-R ..... $ 0.00000000
--------------- ---------------
Class 5-PO .... $ 4.04594573
---------------
Class 5-M ..... $ 0.00000000
---------------
<PAGE>
iii) The amount of such distribution to the
Certificateholders of each class, allocable to
Interest:
Class 5-A1 .... 5.18243340 Class 5-B1 .... 5.58602804
--------------- ---------------
Class 5-A2 .... 4.76016110 Class 5-B2 .... 5.58602804
--------------- ---------------
Class 5-A3 .... 5.64309406 Class 5-B3 .... 5.58602334
--------------- ---------------
Class 5-A4 .... 5.62500000 Class 5-B4 .... 5.58602339
--------------- ---------------
Class 5-A5 .... 5.62500000 Class 5-B5 .... 5.58591531
--------------- ---------------
Class 5-A6 .... 5.58602500 Class 5-R ..... 0.00000000
--------------- ---------------
Class 5-M ..... 5.58602569 Class 5-S ..... 0.89631018
--------------- ---------------
iv) The amount of servicing compensation received by
GECMSI during the month preceding the month of
distribution ..................................... 29,288.18
---------------
(b) The amounts below are for the aggregate of all Certificates.
v) The Pool Scheduled Principal Balances of each
Mortgage Pool on the preceding Due Date after
giving effect to all distributions allocable to
principal made on such Distribution
Date ............................................. $157,879,365.47
---------------
The aggregate number of Mortgage Loans included in
the Scheduled Principal Balance set forth
above ............................................ 642
---------------
vi) The Class Certificate Principal Balance of each
Class and the Certificate Principal Balance of a
Single Certificate of each Class after giving
effect to (i) all distributions allocable to
principal made on such Distribution Date and (ii)
the allocation of any Realized Losses and any
Subordinate Writedown Certificate Amount for such
Distribution Date:
Class Certificate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 5-A1 .... $ 41,342,708.07 904.95
--------------- --------
Class 5-A2 .... $ 43,926,344.53 904.95
--------------- --------
Class 5-A3 .... $ 40,265,815.81 904.95
--------------- --------
Class 5-A4 .... $ 10,000,000.00 1,000.00
--------------- --------
Class 5-A5 .... $ 5,000,000.00 1,000.00
--------------- --------
Class 5-A6 .... $ 9,894,850.15 989.49
--------------- --------
Class 5-PO .... $ 671,068.81 985.45
--------------- --------
Class 5-M ..... $ 2,541,987.00 989.49
--------------- --------
Class 5-B1 .... $ 1,270,498.77 989.49
--------------- --------
Class 5-B2 .... $ 846,999.17 989.49
--------------- --------
Class 5-B3 .... $ 1,102,286.30 989.49
--------------- --------
Class 5-B4 .... $ 507,605.81 989.49
--------------- --------
<PAGE>
Class 5-B5 .... $ 509,201.05 989.49
--------------- --------
Class 5-R ..... $ 0.00 0.00
--------------- --------
Class 5-S ..... $145,775,592.94 851.23
--------------- --------
vii) The following pertains to any real estate acquired
on behalf of Certificateholders through
foreclosure, or grant of a deed in lieu of
foreclosure or otherwise, of any REO Mortgage
Loan:
book value ....................................... $ 0
---------------
unpaid principal balance ......................... $ 0
---------------
number of related mortgage loans ................. 0
---------------
viii) The aggregate number and aggregate Principal
Balances of Mortgage Loans which, as of the close
of business on the last day of the month preceding
the related Determination Date, were;
(a) delinquent
(1) 30-59 days
Number 4 Principal Balance $1,117,364.06
------------- -------------
(2) 60-89 days
Number 1 Principal Balance $182,500.42
------------- -------------
(3) 90 days or more
Number 0 Principal Balance $0.00
------------- -------------
(b) in foreclosure
Number 0 Principal Balance $0.00
------------- -------------
ix) The Scheduled Principal Balance of any Mortgage
Loan replaced pursuant to Section 2.03(b), and of
any Modified Mortgage Loan purchased pursuant to
Section 3.01(c); ................................. $ 0.00
---------------
x) The Certificate Interest Rates, applicable to the
Interest Accrual Period relating to such
Distribution Date:
Class 5-S: ........................ 1.149700%
--------
1. Senior Percentage for such Distribution Date: .... 95.73576300%
---------------
2. Group I Senior Percentage for such Distribution
Date: ............................................ 89.51115600%
---------------
3. Group II Senior Percentage for such Distribution
Date: ............................................ 6.22460700%
---------------
4. Senior Prepayment Percentage for such Distribution
Date: ............................................ 100.00000000%
---------------
<PAGE>
5. Group I Senior Prepayment Percentage for such
Distribution Date: ............................... 100.00000000%
---------------
6. Group II Senior Prepayment Percentage for such
Distribution Date: ............................... 0.00000000%
---------------
7. Junior Percentage for such Distribution Date: .... 4.26423700%
---------------
8. Junior Prepayment Percentage for such Distribution
Date: ............................................ 0.00000000%
---------------
<PAGE>
Exhibit 99.33
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
MAY 1996
REMIC Multi-Class Pass-Through Certificates
Series 1996-4
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1996
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate Scheduled Monthly Payments:
(a) Principal .................................... $ 326,445.47
---------------
(b) Interest ..................................... $ 2,892,900.24
---------------
(c) Total ........................................ $ 3,219,345.71
---------------
2. Aggregate Monthly Payments Received and Monthly
Advances made this month:
(a) Principal .................................... $ 326,445.47
---------------
(b) Interest ..................................... $ 2,811,677.77
---------------
(c) Total ........................................ $ 3,138,123.24
---------------
3. Aggregate Principal Prepayments in part received
and applied in prior month: ...................... $ 94,116.42
---------------
4. Aggregate Principal Prepayments in full received
in prior month:
(a) Principal .................................... $ 546,077.17
---------------
(b) Interest ..................................... $ 3,243.50
---------------
(c) Total ........................................ $ 549,320.67
---------------
5. Aggregate Insurance Proceeds for prior month:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
<PAGE>
6. Aggregate Liquidation Proceeds for prior month:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
7. Aggregate Purchase Prices for Defaulted and
Modified Mortgage Loans:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
8. Aggregate Purchase Prices ( and substitution
adjustments) for Defective Mortgage Loans:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
9. Pool Scheduled Principal Balance: ................ $445,942,084.27
---------------
10. Available Funds: ................................. $ 3,781,560.33
---------------
11. Realized Losses for prior month: ................. $ 0.00
---------------
12. Aggregate Realized Losses:
(a) Deficient Valuations: ........................ $ 0.00
---------------
(b) Special Hazard Losses: ....................... $ 0.00
---------------
(c) Fraud Losses: ................................ $ 0.00
---------------
(d) Excess Bankruptcy Losses: .................... $ 0.00
---------------
(e) Excess Special Hazard Losses: ................ $ 0.00
---------------
(f) Excess Fraud Losses: ......................... $ 0.00
---------------
(g) Debt Service Reductions: ..................... $ 0.00
---------------
13. Non-Credit Losses: ............................... $ 0.00
---------------
14. Compensating Interest Payment: ................... $ 956.23
---------------
15. Accrued Certificate Interest, Unpaid Class
Interest Shortfalls and Pay-out Rate:
Class 4-A1 ............... $ 30,726.53 $ 0.00 7.45000000%
----------- --------------- ----------
Class 4-A2 ............... $868,688.15 $ 0.00 7.00000000%
----------- --------------- ----------
Class 4-A3 ............... $ 89,171.33 $ 0.00 7.00000000%
----------- --------------- ----------
Class 4-A4 ............... $ 26,833.33 $ 0.00 7.00000000%
----------- --------------- ----------
Class 4-A5 ............... $247,821.71 $ 0.00 7.00000000%
----------- --------------- ----------
Class 4-A6 ............... $272,854.36 $ 0.00 7.00000000%
----------- --------------- ----------
<PAGE>
Class 4-A7 ............... $ 40,290.01 $ 0.00 7.00000000%
----------- --------------- ----------
Class 4-A8 ............... $259,358.42 $ 0.00 6.30000000%
----------- --------------- ----------
Class 4-A9 ............... $344,032.30 $ 0.00 8.00000000%
----------- --------------- ----------
Class 4-A10 .............. $ 31,458.00 $ 0.00 6.30000000%
----------- --------------- ----------
Class 4-A11 .............. $104,443.84 $ 0.00 6.35000000%
----------- --------------- ----------
Class 4-A12 .............. $ 84,755.70 $ 0.00 6.85000000%
----------- --------------- ----------
Class 4-A13 .............. $ 59,033.33 $ 0.00 7.00000000%
----------- --------------- ----------
Class 4-M ................ $ 59,078.66 $ 0.00 7.00000000%
----------- --------------- ----------
Class 4-B1 ............... $ 26,257.18 $ 0.00 7.00000000%
----------- --------------- ----------
Class 4-B2 ............... $ 19,692.88 $ 0.00 7.00000000%
----------- --------------- ----------
Class 4-B3 ............... $ 18,380.03 $ 0.00 7.00000000%
----------- --------------- ----------
Class 4-B4 ............... $ 10,502.87 $ 0.00 7.00000000%
----------- --------------- ----------
Class 4-B5 ............... $ 10,502.91 $ 0.00 7.00000000%
----------- --------------- ----------
Class 4-S ................ $211,039.62 $ 0.00 0.59703468%
----------- --------------- ----------
Class 4-R ................ $ 0.00 $ 0.00 7.00000000%
----------- --------------- ----------
16. Principal distributable:
Class 4-A1 ........................... $ 15,662.36
--------------
Class 4-A2 ........................... $ 380,592.58
--------------
Class 4-A3 ........................... $ 0.00
--------------
Class 4-A4 ........................... $ 0.00
--------------
Class 4-A5 ........................... $ 31,023.79
--------------
Class 4-A6 ........................... $ 0.00
--------------
Class 4-A7 ........................... $ 30,711.98
--------------
Class 4-A8 ........................... $ 193,656.39
--------------
Class 4-A9 ........................... $ 180,410.87
--------------
Class 4-A10 .......................... $ 0.00
--------------
Class 4-A11 .......................... $ 69,002.14
--------------
Class 4-A12 .......................... $ 46,987.06
--------------
Class 4-A13 .......................... $ 0.00
--------------
Class 4-PO ........................... $ 513.24
--------------
Class 4-M ............................ $ 7,395.82
--------------
Class 4-B1 ........................... $ 3,287.03
--------------
Class 4-B2 ........................... $ 2,465.27
--------------
Class 4-B3 ........................... $ 2,300.92
--------------
Class 4-B4 ........................... $ 1,314.81
--------------
Class 4-B5 ........................... $ 1,314.80
--------------
Class 4-R ............................ $ 0.00
--------------
17. Additional distributions to the Class 4-R
Certificate pursuant to Section 4.01(b): ......... $ 0.00
---------------
18. Certificate Interest Rates of:
Class 4-S Certificates:............ 0.566700%
--------
<PAGE>
B. Other Amounts:
1. Senior Percentage for such Distribution Date: .... 94.453875%
---------------
2. Group I Senior Percentage for such Distribution
Date: ............................................ 84.936479%
---------------
3. Group II Senior Percentage for such Distribution
Date: ............................................ 9.517396%
---------------
4. Senior Prepayment Percentage for such Distribution
Date: ............................................ 100.000000%
---------------
5. Group I Senior Prepayment Percentage for such
Distribution Date: ............................... 100.000000%
---------------
6. Group II Senior Prepayment Percentage for such
Distribution Date: ............................... 0.000000%
---------------
7. Junior Percentage for such Distribution Date: .... 5.546125%
---------------
8. Junior Prepayment Percentage for such Distribution
Date: ............................................ 0.000000%
---------------
9. Subordinate Certificate Writedown Amount for such
Distribution Date: ............................... $ 0.00
---------------
10. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class 4-B1....... X
Class 4-B2....... X
Class 4-B3....... X
Class 4-B4....... X
Class 4-B5....... X
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
-----------------------------------
Karen Pickett
Vice-President,
Investor Operations
<PAGE>
Exhibit 99.34
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
MAY 1996
REMIC Multi-Class Pass-Through Certificates
Series 1996-4
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1996
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
(a) The amounts below (other than for Class R) are for a Single Certificate of
$1,000:
i) The amount of such distribution allocable to
principal:
Class 4-A1 .... $ 3.12694294 Class 4-A12 ... $ 3.12694244
--------------- ---------------
Class 4-A2 .... $ 2.53110323 Class 4-A13 ... $ 0.00000000
--------------- ---------------
Class 4-A3 .... $ 0.00000000 Class 4-PO .... $ 0.96921406
--------------- ---------------
Class 4-A4 .... $ 0.00000000 Class 4-M ..... $ 0.72972581
--------------- ---------------
Class 4-A5 .... $ 0.72972552 Class 4-B1 .... $ 0.72972560
--------------- ---------------
Class 4-A6 .... $ 0.00000000 Class 4-B2 .... $ 0.72972497
--------------- ---------------
Class 4-A7 .... $ 4.37260259 Class 4-B3 .... $ 0.72972524
--------------- ---------------
Class 4-A8 .... $ 3.86242525 Class 4-B4 .... $ 0.72972473
--------------- ---------------
Class 4-A9 .... $ 3.45010707 Class 4-B5 .... $ 0.72971654
--------------- ---------------
Class 4-A10 ... $ 0.00000000 Class 4-R ..... $ 0.00000000
--------------- ---------------
Class 4-A11 ... $ 3.45010700
---------------
ii) Principal Prepayments included in the above
principal distribution (including the Scheduled
Principal Balances of all Defaulted Mortgage Loans
and Defective Mortgage Loans purchased pursuant to
Section 2.02, 2.03 (b) or 3.16, respectively, and
any amounts deposited pursuant to Section 2.03(b)
in connection with the substitution of any
Mortgage Loans pursuant to Section 2.02 or
2.03(a), the proceeds of which are being
distributed on such Distribution Date);
<PAGE>
Class 4-A1 .... $ 2.11040734 Class 4-A12 ... $ 2.11040701
--------------- ---------------
Class 4-A2 .... $ 1.70826873 Class 4-A13 ... $ 0.00000000
--------------- ---------------
Class 4-A3 .... $ 0.00000000 Class 4-M ..... $ 0.00000000
--------------- ---------------
Class 4-A4 .... $ 0.00000000 Class 4-PO .... $ 0.65413297
--------------- ---------------
Class 4-A5 .... $ 0.49249958 Class 4-B1 .... $ 0.00000000
--------------- ---------------
Class 4-A6 .... $ 0.00000000 Class 4-B2 .... $ 0.00000000
--------------- ---------------
Class 4-A7 .... $ 2.95111641 Class 4-B3 .... $ 0.00000000
--------------- ---------------
Class 4-A8 .... $ 2.60679225 Class 4-B4 .... $ 0.00000000
--------------- ---------------
Class 4-A9 .... $ 2.32851428 Class 4-B5 .... $ 0.00000000
--------------- ---------------
Class 4-A10 ... $ 0.00000000 Class 4-R ..... $ 0.00000000
--------------- ---------------
Class 4-A11 ... $ 2.32851423
---------------
iii) The amount of such distribution to the
Certificateholders of each class, allocable to
Interest:
Class 4-A1 .... 6.13445905 Class 4-A12 ... 26.87984518
--------------- ---------------
Class 4-A2 .... 5.77714727 Class 4-A13 ... 32.76373094
--------------- ---------------
Class 4-A3 .... 5.83333361 Class 4-M ..... 5.82913364
--------------- ---------------
Class 4-A4 .... 5.83333261 Class 4-PO .... 0.00000000
--------------- ---------------
Class 4-A5 .... 5.82913389 Class 4-B1 .... 5.82913343
--------------- ---------------
Class 4-A6 .... 5.83333335 Class 4-B2 .... 5.82913282
--------------- ---------------
Class 4-A7 .... 5.73626976 Class 4-B3 .... 5.82913433
--------------- ---------------
Class 4-A8 .... 489.77832675 Class 4-B4 .... 5.82913427
--------------- ---------------
Class 4-A9 .... 33.94474847 Class 4-B5 .... 5.82913531
--------------- ---------------
Class 4-A10 ... 6.98372329 Class 4-R ..... 0.00000000
--------------- ---------------
Class 4-A11 ... 30.91559058 Class 4-S ..... 0.46851111
--------------- ---------------
iv) The amount of servicing compensation received by
GECMSI during the month preceding the month of
distribution ..................................... 77,864.43
---------------
(b) The amounts below are for the aggregate of all
Certificates.
v) The Pool Scheduled Principal Balances of each
Mortgage Pool on the preceding Due Date after
giving effect to all distributions allocable to
principal made on such Distribution
Date ............................................. $445,942,084.27
---------------
The aggregate number of Mortgage Loans included in
the Scheduled Principal Balance set forth
above ............................................ 1,528
---------------
vi) The Class Certificate Principal Balance of each
Class and the Certificate Principal Balance of a
Single Certificate of each Class after giving
effect to (i) all distributions allocable to
principal made on such Distribution Date and (ii)
the allocation of any Realized Losses and any
Subordinate Writedown Certificate Amount for such
Distribution Date:
<PAGE>
Class Certificate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 4-A1 .... $ 4,933,576.92 984.97
--------------- --------
Class 4-A2 .... $148,537,376.78 987.84
--------------- --------
Class 4-A3 .... $ 15,286,513.00 1,000.00
--------------- --------
Class 4-A4 .... $ 4,600,000.00 1,000.00
--------------- --------
Class 4-A5 .... $ 42,452,697.20 998.55
--------------- --------
Class 4-A6 .... $ 46,775,033.00 1,000.00
--------------- --------
Class 4-A7 .... $ 6,876,146.29 978.99
--------------- --------
Class 4-A8 .... $ 49,207,948.22 981.44
--------------- --------
Class 4-A9 .... $ 51,424,434.42 983.42
--------------- --------
Class 4-A10 ... $ 5,992,000.00 1,000.00
--------------- --------
Class 4-A11 ... $ 19,668,416.27 983.42
--------------- --------
Class 4-A12 ... $ 14,800,726.82 984.97
--------------- --------
Class 4-A13 ... $ 10,120,000.00 1,000.00
--------------- --------
Class 4-PO .... $ 528,517.25 998.06
--------------- --------
Class 4-M ..... $ 10,120,374.72 998.55
--------------- --------
Class 4-B1 .... $ 4,497,944.10 998.55
--------------- --------
Class 4-B2 .... $ 3,373,457.58 998.55
--------------- --------
Class 4-B3 .... $ 3,148,561.07 998.55
--------------- --------
Class 4-B4 .... $ 1,799,177.04 998.55
--------------- --------
Class 4-B5 .... $ 1,799,183.59 998.55
--------------- --------
Class 4-R ..... $ 0.00 0.00
--------------- --------
Class 4-S ..... $423,230,304.87 939.58
--------------- --------
vii) The following pertains to any real estate acquired
on behalf of Certificateholders through
foreclosure, or grant of a deed in lieu of
foreclosure or otherwise, of any REO Mortgage
Loan:
book value ....................................... $ 0
---------------
unpaid principal balance ......................... $ 0
---------------
number of related mortgage loans ................. 0
---------------
viii) The aggregate number and aggregate Principal
Balances of Mortgage Loans which, as of the close
of business on the last day of the month preceding
the related Determination Date, were;
(a) delinquent
(1) 30-59 days
*Number 22 *Principal Balance $6,062,840.17
------------- -------------
(2) 60-89 days
Number 0 Principal Balance $0.00
------------- -------------
(3) 90 days or more
Number 0 Principal Balance $0.00
------------- -------------
(b) in foreclosure
Number 0 Principal Balance $0.00
------------- -------------
<PAGE>
ix) The Scheduled Principal Balance of any Mortgage
Loan replaced pursuant to Section 2.03(b), and of
any Modified Mortgage Loan purchased pursuant to
Section 3.01(c); ................................. $ 0.00
---------------
x) The Certificate Interest Rates, applicable to the
Interest Accrual Period relating to such
Distribution Date:
Class 4-S: ........................ 0.566700%
--------
1. Senior Percentage for such Distribution
Date: ............................................ 94.45387500%
---------------
2. Group I Senior Percentage for such Distribution
Date: ............................................ 84.93647900%
---------------
3. Group II Senior Percentage for such Distribution
Date: ............................................ 9.51739600%
---------------
4. Senior Prepayment Percentage for such Distribution
Date: ............................................ 100.00000000%
---------------
5. Group I Senior Prepayment Percentage for such
Distribution Date: ............................... 100.00000000%
---------------
6. Group II Senior Prepayment Percentage for such
Distribution Date: ............................... 0.00000000%
---------------
7. Junior Percentage for such Distribution Date: .... 5.54612500%
---------------
8. Junior Prepayment Percentage for such Distribution
Date: ............................................ 0.00000000%
---------------
* It has been the Company's experience that, with respect
to the first Distribution Date after the closing of a
securitization containing a large number of recently
originated or acquired Mortgage Loans, the number of
Mortgage Loans 30-59 days delinquent may be inflated due to
the borrowers sending monthly payments to the wrong location
or delays by the Company in inputting the Mortgage Loans on
its servicing system. It has also been the Company's
experience that for the majority of such Mortgage Loans the
routing of borrowers' monthly payments has corrected itself
by the second Distribution Date. However, the Company makes
no assurances as to the level of delinquent Mortgage Loans
for future Distribution Dates.
<PAGE>
Exhibit 99.35
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
MAY 1996
For Travelers Mortgage Services, Inc.
REMIC Multi-Class Pass-Through Certificates
Series 1996-7
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1996
(the "Agreement") between Travelers Mortgage Services, Inc. ("TMSI") and State
Street Bank and Trust Company (the "Trustee"), governing the Certificates
referred to above, GE Capital Mortgage Services, Inc. ("GECMSI") , hereby
certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate Scheduled Monthly Payments:
(a) Principal .................................... $ 205,277.05
---------------
(b) Interest ..................................... $ 1,231,940.84
---------------
(c) Total ........................................ $ 1,437,217.89
---------------
2. Aggregate Monthly Payments received this month:
(a) Principal .................................... $ 151,954.00
---------------
(b) Interest ..................................... $ 872,199.05
---------------
(c) Total ........................................ $ 1,024,153.05
---------------
3. Aggregate Monthly Advances this month:
(a) Principal .................................... $ 53,323.05
---------------
(b) Interest ..................................... $ 150,673.09
---------------
(c) Total ........................................ $ 203,996.14
---------------
4. Aggregate Partial Principal Prepayments received
in prior month: .................................. $ 46,637.16
---------------
<PAGE>
5. Aggregate Mortgagor Payments in full in prior
month:
(a) Principal .................................... $ 1,471,245.14
---------------
(b) Interest ..................................... $ 11,618.34
---------------
(c) Total ........................................ $ 1,482,863.48
---------------
6. Aggregate Insurance Proceeds for prior month:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
7. Aggregate Deficient Valuations for prior month and
loan numbers: .................................... $ 0.00
---------------
8. Aggregate Debt Service Reductions for this month
and loan numbers:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
9. Aggregate Liquidation Proceeds for prior month:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage
Loans:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage
Loans:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
<PAGE>
12. Aggregate Purchase Prices for Designated Mortgage
Loans:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
13. Aggregate Principal Balances: .................... $141,914,274.87
---------------
14. Available Funds: ................................. $ 2,920,999.80*
---------------
15. Interest Distribution Amount: .................... $ 1,137,129.69
---------------
16. Stripped Interest ................................ $ 60,710.76
---------------
17. Accrued Certificate Interest and Pay-out Rate:
Class 7-A ..... $ 1,137,129.69 9.50000002%
--------------- ----------
Class 7-R ..... $ 0.00 0.00000000%
--------------- ----------
B. Other Amounts:
1. Amount of coverage under the Pool Policy: ........ $ 9,219,956.00
---------------
2. Amount of coverage under the Special Hazard
Insurance Policy: ................................ $ 1,939,926.00
---------------
3. Current Bankruptcy Amount ........................ $ 100,000.00
---------------
4. Realized Losses for prior month .................. $ 0.00
---------------
5. REO profits for prior month ...................... $ 0.00
---------------
*Pursuant to Section 9.01 of the Pooling and Servicing Agreement, the Company
has exercised its option to repurchase all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust.
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
-----------------------------------
Karen Pickett
Vice-President,
Investor Operations
<PAGE>
Exhibit 99.36
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
MAY 1996
For Travelers Mortgage Services, Inc.
REMIC Multi-Class Pass-Through Certificates
Series 1996-7
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1996
(the "Agreement") between Travelers Mortgage Services, Inc. ("TMSI") and State
Street Bank and Trust Company (the "Trustee"), governing the Certificates
referred to above, GE Capital Mortgage Services, Inc. ("GECMSI") , hereby
certifies to the Trustee:
(a) The amounts below are for a Single Certificate of $1,000.
i) The amount of such distribution allocable to
principal:
Class 7-A ........................................ $ 11.68091585
---------------
Class 7-R ........................................ $ 0.00000000
---------------
Principal Prepayments included in the above
principal distribution (including Principal
Balances of Defaulted Mortgage Loans, Designated
Loans and Defective which are being distributed on
this Distribution Date):
Class 7-A ........................................ $ 10.28938816
---------------
Class 7-R ........................................ $ 0.00000000
---------------
<PAGE>
ii) The amount of such distribution to the
Certificateholders of each class, allocable to
Interest:
Class 7-A ........................................ $ 7.70835049
---------------
Class 7-R ........................................ $ 0.00000000
---------------
iii) The amount of such distribution allocable to
Stripped Interest: ............................... $ 60,710.76
---------------
iv) The amount of servicing compensation received by
GECMSI during the month preceding the month of
distribution: .................................... $ 0.50288335
---------------
The amounts below are for the aggregate of all certificates.
v) The aggregate Principal Balances of the Mortgage
Loans on such Distribution Date after giving
effect to all principal distributions made on such
date: ............................................ $141,914,274.87
---------------
The aggregate number of Mortgage Loans included in
the Principal Balance set forth above: ........... 557
---------------
vi) The Class Certificate Principal Balance of each
Class and the Certificate Principal Balance of a
Single Certificate of each Class after giving
effect to all distributions allocable to principal
made on such Distribution Date and the allocation
of Realized Losses (separately identified), if
any, as of such Distribution Date:
Aggregate Principal Balance Single Certificate Balance
--------------------------- --------------------------
Class 7-A ..... $141,914,274.87 962.01
--------------- ------
Class 7-R ..... $ 0.00 0.00
--------------- ------
<PAGE>
vii) The applicable to each Class of
Certificates
Class 7-A ........................................ 9.50000002%
---------------
Class 7-R ........................................ 0.00000000%
---------------
viii) The book value of any real estate acquired on
behalf of Certificateholders ..................... $ 0.00
---------------
The aggregate number of Mortgage Loans included in
the Principal Balance set forth above ............ 0
---------------
ix) The aggregate number and aggregate Principal
Balances of Mortgage Loans which, as of the
opening of business on the related Determination
Date, were
(a) delinquent
(1) 30-59 days
*Number 24 *Principal Balance5,915,863.39
------------- -------------
(2) 60-89 days
Number 1 Principal Balance240,139.26
------------- -------------
(3) 90 days or more
Number 0 Principal Balance0.00
------------- -------------
(b) in foreclosure
Number 1 Principal Balance201,145.28
------------- -------------
x) The amount of coverage under the Pool Policy as of
the close of business on the applicable
Determination Date ............................... $ 9,219,956.00
---------------
xi) The amount of coverage under the Special Hazard
Insurance Policy as of the close of business on
the applicable Determination Date ................ $ 1,939,926.00
---------------
xii) The Current Bankruptcy Amount as of the close of
business on the applicable Determination Date .... $ 100,000.00
---------------
* It has been the Company's experience that, with respect
to the first Distribution Date after he closing of a
securitization containing a large number of recently
originated or acquired Mortgage Loans, the number of
Mortgage Loans 30-59 days delinquent may be inflated due to
the borrowers sending monthly payments to the wrong location
or delays by the Company in inputting the Mortgage Loans on
its servicing system. It has also been the Company's
experience that for the majority of such Mortgage Loans the
routing of borrowers' monthly payments has corrected itself
by the second Distribution Date. However, the Company makes
no assurances as to the level of delinquent Mortgage Loans
for future Distribution Dates.
<PAGE>
GE CAPITAL MORTGAGE SERVICES, INC. Exhibit # 99.37
Home Equity Loan Pass-Through Certificates,
Series 1996-HE1
EXHIBIT D
FORM OF SERVICER'S CERTIFICATE
MAY 1996
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1996
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company"),
and The First National Bank of Chicago (the "Trustee"), governing the
Certificates referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
(1) Aggregate Monthly Payments Due: 1,199,870.90
---------------
(2) Aggregate Monthly Payments received and Monthly
Advances made this Month:
(a) Principal 184,373.68
---------------
(b) Interest 975,643.25
---------------
(c) Total 1,160,016.93
---------------
(3) Aggregate Principal Prepayments in part received
on Self- Amortizing Mortgage Loans and applied in
the applicable Prepayment Period:
(a) Principal 69,049.28
---------------
(c) Total 69,049.28
---------------
(4) Aggregate Principal Prepayments in full received
in the applicable Prepayment period:
(a) Principal 827,314.01
---------------
(b) Interest 9,385.15
---------------
(c) Total 836,699.16
---------------
<PAGE>
(5) Aggregate Insurance Proceeds (inculding purchases
of Mortgage Loans by primary mortgage insurers)
for prior month:
(a) Principal 0.00
---------------
(b) Interest 0.00
---------------
(c) Total 0.00
---------------
(6) Aggregate Liquidation Proceeds for prior month:
(a) Principal 0.00
---------------
(b) Interest 0.00
---------------
(c) Total 0.00
---------------
(7) Aggregate Purchase Prices for Defaulted Mortgage
Loans:
(a) Principal 253,814.56
---------------
(b) Interest 15,883.89
---------------
(c) Total 269,698.45
---------------
(8) Aggregate Purchase Prices for (and substitution
adjustments) for Defective Mortgage Loans:
(a) Principal 0.00
---------------
(b) Interest 0.00
---------------
(c) Total 0.00
---------------
(9) Aggregate Purchase Prices for for Liquidating
Loans:
(a) Principal 0.00
---------------
(b) Interest 0.00
---------------
(c) Total 0.00
---------------
(10) Aggregate Purchase Prices for for Document
Deficiencies per Sec. 2.02
(a) Principal 0.00
---------------
(b) Interest 0.00
---------------
(c) Total 0.00
---------------
<PAGE>
(11) Pool Principal Balance 127,703,983.06
---------------
(12) Available Funds: 2,281,530.41
---------------
(13) Realized Losses for prior month: 0.00
---------------
(14) Aggregate Realized Losses: 0.00
---------------
(15) Compensating Interest Payment: 1,014.92
---------------
(16) Net Simple Interest Shortfall: 0.00
---------------
(17) Net Simple Interest Excess: 0.00
---------------
(18) Simple Interest Shortfall Payment: 0.00
---------------
(19) Unpaid Net Simple Interest Shortfall:
Class A1 36157TVQ1 0.00
--------- ----------
Class A2 36157TVR9 0.00
--------- ----------
Class A3 36157TVS7 0.00
--------- ----------
Class A4 36157TVT5 0.00
--------- ----------
Class A5 36157TVU2 0.00
--------- ----------
Class AL 36157TVW8 0.00
--------- ----------
Class S 36196HE1S 0.00
--------- ----------
(20) Class Certificate Interest Rate:
Class A4 36157TVT5 7.300000%
--------- ----------
Class A5 36157TVU2 7.650000%
--------- ----------
Class AL 36157TVW8 7.400000%
--------- ----------
Class S 36196HE1S 2.150703%
--------- ----------
(21) Maximum Amount: 10,909,689.02
-------------
(22) Amount Available: 10,639,990.57
-------------
<PAGE>
(23) Accrued Certificate Interest and Pay-out Rate:
Class A1 36157TVQ1 264,372.68 6.30%
--------- ------------- -------
Class A2 36157TVR9 171,791.67 6.65%
--------- ------------- -------
Class A3 36157TVS7 93,333.33 7.00%
--------- ------------- -------
Class A4 36157TVT5 45,758.26 7.30%
--------- ------------- -------
Class A5 36157TVU2 63,911.77 7.65%
--------- ------------- -------
Class AL 36157TVW8 78,933.33 7.40%
--------- ------------- -------
Class S 36196HE1S 228,877.84 2.15%
--------- ------------- -------
Total 946,978.88
(24) Principal distributable:
Class A1 36157TVQ1 1,334,551.53
--------- -------------
Class A2 36157TVR9 0.00
--------- -------------
Class A3 36157TVS7 0.00
--------- -------------
Class A4 36157TVT5 0.00
--------- -------------
Class A5 36157TVU2 0.00
--------- -------------
Class AL 36157TVW8 0.00
--------- -------------
Class R1 36157TVX6 0.00
--------- -------------
Class R2 36157TVY4 0.00
--------- -------------
Total 1,334,551.53
(25) Additional distributions to
the Class R1 Certificate
pursuant to Section 2.05 (d) : 0.00
-------------
(26) Additional distributions to
the Class R2 Certificate
pursuant to Section 4.01 (c) : 0.00
-------------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Pamela L. Monahan
- ----------------------------------------
Name: Pamela L. Monahan
Title: Vice President
<PAGE>
GE CAPITAL MORTGAGE SERVICES, INC. Exhibit # 99.38
Home Equity Loan Pass-Through Certificates,
Series 1996-HE1
EXHIBIT J
FORM OF DISTRIBUTION DATE STATEMENT
MAY, 1996
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1996
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company"),
and The First National Bank of Chicago (the "Trustee"), governing the
Certificates referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
The amounts below are for a Single Certificate of $1,000:
(1) Amount of distribution allocable to principal:
Class A1 36157TVQ1 26.16767706
--------- -----------
Class A2 36157TVR9 0.00000000
--------- -----------
Class A3 36157TVS7 0.00000000
--------- -----------
Class A4 36157TVT5 0.00000000
--------- -----------
Class A5 36157TVU2 0.00000000
--------- -----------
Class AL 36157TVW8 0.00000000
--------- -----------
Class R1 36157TVX6 0.00000000
--------- -----------
Class R2 36157TVY4 0.00000000
--------- -----------
(2) Amount of distribution allocable to
interest Pay-out Rate:
Class A1 36157TVQ1 5.18377798 6.30%
--------- ----------- ---------
Class A2 36157TVR9 5.54166667 6.65%
--------- ----------- ---------
Class A3 36157TVS7 5.83333333 7.00%
--------- ----------- ---------
Class A4 36157TVT5 6.08333333 7.30%
--------- ----------- ---------
Class A5 36157TVU2 6.37500000 7.65%
--------- ----------- ---------
Class AL 36157TVW8 6.16666667 7.40%
--------- ----------- ---------
Class S 36196HE1S 0.00179225 2.15%
--------- ----------- ---------
(3) Servicing Compensation: 58,182.52
-----------
<PAGE>
The amounts below are for the aggregate of all Certificates:
(4) Pool Principal Balance; 127,703,983.06
---------------
number of Mortgage
Loans: 1,645
---------------
(5) Principal Prepayments included for Defaulted
Mortgage Loans, Defective Mortgage Loans, or
Liquidating Loans 0.00
---------------
(6) Class Certificate Principal Balance of each Class;
Certificate Principal Balance of Single
Certificate of each class:
Single
Certificate
Class CUSIP # Class Balance Balance
-------------------------------------------------------------------
Class A1 36157TVQ1 49,022,148.88 961.21860549
------------------------------------------------------
Class A2 36157TVR9 31,000,000.00 1000.00000000
------------------------------------------------------
Class A3 36157TVS7 16,000,000.00 1000.00000000
------------------------------------------------------
Class A4 36157TVT5 7,521,906.00 1000.00000000
------------------------------------------------------
Class A5 36157TVU2 10,025,376.00 1000.00000000
------------------------------------------------------
Class AL 36157TVW8 12,800,000.00 1000.00000000
------------------------------------------------------
Class R1 36157TVX6 0.00 0.00000000
------------------------------------------------------
Class R2 36157TVY4 0.00 0.00000000
------------------------------------------------------
(7) Book value of real estate acquired on behalf of
Certificate- holders; number of related Mortgage
Loans:
0.00
---------------
0.00
---------------
<PAGE>
(8) Aggregate Scheduled Principal Balance and number
of delinquent Mortgage Loans:
One Payment Delinquent 936,588.97
---------------
20
---------------
Two Payments Delinquent 215,244.57
---------------
4
---------------
Three or more Payments Delinquent 0.00
---------------
0
---------------
In foreclosure 10,173.73
---------------
1
---------------
(9) Aggregate Scheduled Principal Balance and number
of replaced Mortgage Loans:
0.00
---------------
(10) Unpaid Net Simple Interest Shortfall:
Class A1 36157TVQ1 0.00
--------- -----------
Class A2 36157TVR9 0.00
--------- -----------
Class A3 36157TVS7 0.00
--------- -----------
Class A4 36157TVT5 0.00
--------- -----------
Class A5 36157TVU2 0.00
--------- -----------
Class AL 36157TVW8 0.00
--------- -----------
Class S 36196HE1S 0.00
--------- -----------
(13) Class Certificate Interest
Rate:
Class A4 36157TVT5 45,758.26 14.950%
--------- ----------- ---------
Class A5 36157TVU2 63,911.77 15.050%
--------- ----------- ---------
Class AL 36157TVW8 78,933.33 7.400%
--------- ----------- ---------
Class S 36196HE1S 228,877.84 2.151%
--------- ----------- ---------
(14) Maximum Amount: 10,909,689.02
--------------
(15) Amount Available: 10,639,990.57
--------------
<PAGE>
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Pamela L. Monahan
---------------------------------
Name: Pamela L. Monahan
Title: Vice President
<PAGE>
Exhibit 99.39
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
MAY 1996
REMIC Multi-Class Pass-Through Certificates
Series 1996-6
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1996
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate Scheduled Monthly Payments:
(a) Principal .................................... $ 260,636.09
---------------
(b) Interest ..................................... $ 2,248,747.97
---------------
(c) Total ........................................ $ 2,509,384.06
---------------
2. Aggregate Monthly Payments Received and Monthly
Advances made this month:
(a) Principal .................................... $ 260,636.09
---------------
(b) Interest ..................................... $ 2,190,109.24
---------------
(c) Total ........................................ $ 2,450,745.33
---------------
3. Aggregate Principal Prepayments in part received
and applied in prior month: ...................... $ 78,872.55
---------------
4. Aggregate Principal Prepayments in full received
in prior month:
(a) Principal .................................... $ 1,332,689.34
---------------
(b) Interest ..................................... $ 3,960.25
---------------
(c) Total ........................................ $ 1,336,649.59
---------------
<PAGE>
5. Aggregate Insurance Proceeds for prior month:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
6. Aggregate Liquidation Proceeds for prior month:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
7. Aggregate Purchase Prices for Defaulted and
Modified Mortgage Loans:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
8. Aggregate Purchase Prices ( and substitution
adjustments) for Defective Mortgage Loans:
(a) Principal .................................... $ 0.00
---------------
(b) Interest ..................................... $ 0.00
---------------
(c) Total ........................................ $ 0.00
---------------
9. Pool Scheduled Principal Balance: ................ $348,392,754.41
---------------
10. Available Funds: ................................. $ 3,866,267.47
---------------
11. Realized Losses for prior month: ................. $ 0.00
---------------
12. Aggregate Realized Losses:
(a) Deficient Valuations: ........................ $ 0.00
---------------
(b) Special Hazard Losses: ....................... $ 0.00
---------------
(c) Fraud Losses: ................................ $ 0.00
---------------
(d) Excess Bankruptcy Losses: .................... $ 0.00
---------------
(e) Excess Special Hazard Losses: ................ $ 0.00
---------------
(f) Excess Fraud Losses: ......................... $ 0.00
---------------
(g) Debt Service Reductions: ..................... $ 0.00
---------------
13. Non-Credit Losses: ............................... $ 0.00
---------------
14. Compensating Interest Payment: ................... $ 265.00
---------------
<PAGE>
15. Accrued Certificate Interest, Unpaid Class
Interest Shortfalls and Pay-out Rate:
Class 6-A1 ............... $ 84,940.28 $ 0.00 5.75000000%
----------- --------------- ----------
Class 6-A2 ............... $ 86,408.33 $ 0.00 6.25000000%
----------- --------------- ----------
Class 6-A3 ............... $253,700.44 $ 0.00 6.50000000%
----------- --------------- ----------
Class 6-A4 ............... $ 49,163.63 $ 0.00 6.30000000%
----------- --------------- ----------
Class 6-A5 ............... $610,826.72 $ 0.00 7.00000000%
----------- --------------- ----------
Class 6-A6 ............... $ 53,266.91 $ 0.00 6.85000000%
----------- --------------- ----------
Class 6-A7 ............... $157,645.83 $ 0.00 7.00000000%
----------- --------------- ----------
Class 6-A8 ............... $ 31,529.17 $ 0.00 7.00000000%
----------- --------------- ----------
Class 6-A9 ............... $ 46,676.25 $ 0.00 6.75000000%
----------- --------------- ----------
Class 6-A10 .............. $ 65,041.67 $ 0.00 7.00000000%
----------- --------------- ----------
Class 6-A11 .............. $ 0.00 $ 0.00 7.00000000%
----------- --------------- ----------
Class 6-A12 .............. $198,860.00 $ 0.00 7.00000000%
----------- --------------- ----------
Class 6-A13 .............. $192,500.00 $ 0.00 7.00000000%
----------- --------------- ----------
Class 6-M ................ $ 40,840.91 $ 0.00 7.00000000%
----------- --------------- ----------
Class 6-B1 ............... $ 20,420.46 $ 0.00 7.00000000%
----------- --------------- ----------
Class 6-B2 ............... $ 22,462.50 $ 0.00 7.00000000%
----------- --------------- ----------
Class 6-B3 ............... $ 10,210.23 $ 0.00 7.00000000%
----------- --------------- ----------
Class 6-B4 ............... $ 5,105.11 $ 0.00 7.00000000%
----------- --------------- ----------
Class 6-B5 ............... $ 8,168.18 $ 0.00 7.00000000%
----------- --------------- ----------
Class 6-S ................ $158,430.12 $ 0.00 0.59641276%
----------- --------------- ----------
Class 6-RL ............... $ 0.58 $ 0.00 7.00000000%
----------- --------------- ----------
Class 6-R ................ $ 0.58 $ 0.00 7.00000000%
----------- --------------- ----------
16. Principal distributable:
Class 6-A1 ........................... $ 579,361.39
--------------
Class 6-A2 ........................... $ 0.00
--------------
Class 6-A3 ........................... $ 289,680.68
--------------
Class 6-A4 ........................... $ 0.00
--------------
Class 6-A5 ........................... $ 730,928.50
--------------
Class 6-A6 ........................... $ 0.00
--------------
Class 6-A7 ........................... $ 0.00
--------------
Class 6-A8 ........................... $ 0.00
--------------
Class 6-A9 ........................... $ 52,080.00
--------------
Class 6-A10 .......................... $ 45,791.67
--------------
Class 6-A11 .......................... $ 0.00
--------------
Class 6-A12 .......................... $ 0.00
--------------
Class 6-A13 .......................... $ 24,552.79
--------------
Class 6-PO ........................... $ 33,800.65
--------------
Class 6-M ............................ $ 5,209.14
--------------
Class 6-B1 ........................... $ 2,604.57
--------------
Class 6-B2 ........................... $ 2,865.02
--------------
Class 6-B3 ........................... $ 1,302.28
--------------
Class 6-B4 ........................... $ 651.14
--------------
Class 6-B5 ........................... $ 1,041.83
--------------
Class 6-R ............................ $ 100.00
--------------
Class 6-RL ........................... $ 100.00
--------------
<PAGE>
17. Additional distributions to the Class 6-R
Certificate pursuant to Section 4.01(b): ......... $ 0.58
---------------
18. Certificate Interest Rates of:
Class 6-S Certificates:............ 0.543100%
--------
B. Other Amounts:
1. Senior Percentage for such Distribution Date: .... 94.733478%
---------------
2. Group I Senior Percentage for such Distribution
Date: ............................................ 85.276990%
---------------
3. Group II Senior Percentage for such Distribution
Date: ............................................ 9.456488%
---------------
4. Senior Prepayment Percentage for such Distribution
Date: ............................................ 100.000000%
---------------
5. Group I Senior Prepayment Percentage for such
Distribution Date: ............................... 100.000000%
---------------
6. Group II Senior Prepayment Percentage for such
Distribution Date: ............................... 0.000000%
---------------
7. Junior Percentage for such Distribution Date: .... 5.266522%
---------------
8. Junior Prepayment Percentage for such Distribution
Date: ............................................ 0.000000%
---------------
9. Subordinate Certificate Writedown Amount for such
Distribution Date: ............................... $ 0.00
---------------
10. Prepayment Distribution Triggers satisfied:
YES NO
--- --
Class 6-B1....... X
-------- --------
Class 6-B2....... X
-------- --------
Class 6-B3....... X
-------- --------
Class 6-B4....... X
-------- --------
Class 6-B5....... X
-------- --------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
-----------------------------------
Karen Pickett
Vice-President,
Investor Operations
<PAGE>
Exhibit 99.40
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
MAY 1996
REMIC Multi-Class Pass-Through Certificates
Series 1996-6
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1996
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
(a) The amounts below (other than for Class R) are for a Single Certificate of
$1,000:
i) The amount of such distribution allocable to
principal:
Class 6-A1 .... $ 32.68304132 Class 6-A12 ... $ 0.00000000
--------------- ---------------
Class 6-A2 .... $ 0.00000000 Class 6-A13 ... $ 0.74402394
--------------- ---------------
Class 6-A3 .... $ 6.18486785 Class 6-PO .... $ 30.77848921
--------------- ---------------
Class 6-A4 .... $ 0.00000000 Class 6-M ..... $ 0.74402479
--------------- ---------------
Class 6-A5 .... $ 6.98029317 Class 6-B1 .... $ 0.74402468
--------------- ---------------
Class 6-A6 .... $ 0.00000000 Class 6-B2 .... $ 0.74402306
--------------- ---------------
Class 6-A7 .... $ 0.00000000 Class 6-B3 .... $ 0.74402182
--------------- ---------------
Class 6-A8 .... $ 0.00000000 Class 6-B4 .... $ 0.74402225
--------------- ---------------
Class 6-A9 .... $ 6.27621114 Class 6-B5 .... $ 0.74402626
--------------- ---------------
Class 6-A10 ... $ 4.10687623 Class 6-R ..... $ 1000.00000000
--------------- ---------------
Class 6-A11 ... $ 0.00000000 Class 6-RL .... $ 1000.00000000
--------------- ---------------
ii) Principal Prepayments included in the above
principal distribution (including the Scheduled
Principal Balances of all Defaulted Mortgage Loans
and Defective Mortgage Loans purchased pursuant to
Section 2.02, 2.03 (b) or 3.16, respectively, and
any amounts deposited pursuant to Section 2.03(b)
in connection with the substitution of any
Mortgage Loans pursuant to Section 2.02 or
2.03(a), the proceeds of which are being
distributed on such Distribution Date);
Class 6-A1 .... $ 27.81638106 Class 6-A12 ... $ 0.00000000
--------------- ---------------
Class 6-A2 .... $ 0.00000000 Class 6-A13 ... $ 0.63323524
--------------- ---------------
Class 6-A3 .... $ 5.26391162 Class 6-PO .... $ 26.19542581
--------------- ---------------
Class 6-A4 .... $ 0.00000000 Class 6-M ..... $ 0.00000000
--------------- ---------------
Class 6-A5 .... $ 5.94089433 Class 6-B1 .... $ 0.00000000
--------------- ---------------
Class 6-A6 .... $ 0.00000000 Class 6-B2 .... $ 0.00000000
--------------- ---------------
Class 6-A7 .... $ 0.00000000 Class 6-B3 .... $ 0.00000000
--------------- ---------------
Class 6-A8 .... $ 0.00000000 Class 6-B4 .... $ 0.00000000
--------------- ---------------
<PAGE>
Class 6-A9 .... $ 5.34165346 Class 6-B5 .... $ 0.00000000
--------------- ---------------
Class 6-A10 ... $ 3.49534283 Class 6-R ..... $ 851.09524493
--------------- ---------------
Class 6-A11 ... $ 0.00000000 Class 6-RL .... $ 851.09524493
--------------- ---------------
iii) The amount of such distribution to the
Certificateholders of each class, allocable to
Interest:
Class 6-A1 .... 4.79166670 Class 6-A12 ... 5.97230982
--------------- ---------------
Class 6-A2 .... 5.20833313 Class 6-A13 ... 5.83333333
--------------- ---------------
Class 6-A3 .... 5.41666670 Class 6-M ..... 5.83333321
--------------- ---------------
Class 6-A4 .... 5.25000053 Class 6-B1 .... 5.83333381
--------------- ---------------
Class 6-A5 .... 5.83333333 Class 6-B2 .... 5.83333377
--------------- ---------------
Class 6-A6 .... 5.70833363 Class 6-B3 .... 5.83333381
--------------- ---------------
Class 6-A7 .... 5.83333321 Class 6-B4 .... 5.83333143
--------------- ---------------
Class 6-A8 .... 5.83333395 Class 6-B5 .... 5.83333216
--------------- ---------------
Class 6-A9 .... 5.62500000 Class 6-R ..... 5.80000000
--------------- ---------------
Class 6-A10 ... 5.83333363 Class 6-RL .... 5.80000000
--------------- ---------------
Class 6-A11 ... 0.00000000 Class 6-S ..... 0.45257350
--------------- ---------------
iv) The amount of servicing compensation received by
GECMSI during the month preceding the month of
distribution ..................................... 17,287.87
---------------
(b) The amounts below are for the aggregate of all Certificates.
v) The Pool Scheduled Principal Balances of each
Mortgage Pool on the preceding Due Date after
giving effect to all distributions allocable to
principal made on such Distribution
Date ............................................. $348,392,754.41
---------------
The aggregate number of Mortgage Loans included in
the Scheduled Principal Balance set forth
above ............................................ 1,184
---------------
<PAGE>
vi) The Class Certificate Principal Balance of each
Class and the Certificate Principal Balance of a
Single Certificate of each Class after giving
effect to (i) all distributions allocable to
principal made on such Distribution Date and (ii)
the allocation of any Realized Losses and any
Subordinate Writedown Certificate Amount for such
Distribution Date:
Class Certificate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 6-A1 .... $ 17,147,305.61 967.32
--------------- --------
Class 6-A2 .... $ 16,590,400.00 1,000.00
--------------- --------
Class 6-A3 .... $ 46,547,323.32 993.82
--------------- --------
Class 6-A4 .... $ 9,364,500.00 1,000.00
--------------- --------
Class 6-A5 .... $103,982,223.50 993.02
--------------- --------
Class 6-A6 .... $ 9,331,429.00 1,000.00
--------------- --------
Class 6-A7 .... $ 27,025,000.00 1,000.00
--------------- --------
Class 6-A8 .... $ 5,405,000.00 1,000.00
--------------- --------
Class 6-A9 .... $ 8,245,920.00 993.72
--------------- --------
Class 6-A10 ... $ 11,104,208.33 995.89
--------------- --------
Class 6-A11 ... $ 7,895,791.67 1,005.83
--------------- --------
Class 6-A12 ... $ 33,349,080.00 1,001.56
--------------- --------
Class 6-A13 ... $ 32,975,447.21 999.26
--------------- --------
Class 6-PO .... $ 1,064,390.03 969.22
--------------- --------
Class 6-M ..... $ 6,996,089.86 999.26
--------------- --------
Class 6-B1 .... $ 3,498,045.43 999.26
--------------- --------
Class 6-B2 .... $ 3,847,848.98 999.26
--------------- --------
Class 6-B3 .... $ 1,749,022.72 999.26
--------------- --------
Class 6-B4 .... $ 874,510.86 999.26
--------------- --------
Class 6-B5 .... $ 1,399,217.89 999.26
--------------- --------
Class 6-R ..... $ 0.00 0.00
--------------- --------
Class 6-RL .... $ 0.00 0.00
--------------- --------
Class 6-S ..... $318,766,054.75 995.55
--------------- --------
vii) The following pertains to any real estate acquired
on behalf of Certificateholders through
foreclosure, or grant of a deed in lieu of
foreclosure or otherwise, of any REO Mortgage
Loan:
book value ....................................... $ 0
---------------
unpaid principal balance ......................... $ 0
---------------
number of related mortgage loans ................. 0
---------------
viii) The aggregate number and aggregate Principal
Balances of Mortgage Loans which, as of the close
of business on the last day of the month preceding
the related Determination Date, were;
<PAGE>
(a) delinquent
(1) 30-59 days
*Number 55 *Principal Balance $16,038,796.28
------------- -------------
(2) 60-89 days
Number 0 Principal Balance $0.00
------------- -------------
(3) 90 days or more
Number 0 Principal Balance $0.00
------------- -------------
(b) in foreclosure
Number 0 Principal Balance $0.00
------------- -------------
ix) The Scheduled Principal Balance of any Mortgage
Loan replaced pursuant to Section 2.03(b), and of
any Modified Mortgage Loan purchased pursuant to
Section 3.01(c); ................................. $ 0.00
---------------
x) The Certificate Interest Rates, applicable to the
Interest Accrual Period relating to such
Distribution Date:
Class 6-S: ........................ 0.543100%
--------
1. Senior Percentage for such Distribution Date: .... 94.73347800%
---------------
2. Group I Senior Percentage for such Distribution
Date: ............................................ 85.27699000%
---------------
3. Group II Senior Percentage for such Distribution
Date: ............................................ 9.45648800%
---------------
4. Senior Prepayment Percentage for such Distribution
Date: ............................................ 100.00000000%
---------------
5. Group I Senior Prepayment Percentage for such
Distribution Date: ............................... 100.00000000%
---------------
6. Group II Senior Prepayment Percentage for such
Distribution Date: ............................... 0.00000000%
---------------
7. Junior Percentage for such Distribution Date: .... 5.26652200%
---------------
8. Junior Prepayment Percentage for such Distribution
Date: ............................................ 0.00000000%
---------------
* It has been the Company's experience that, with respect
to the first Distribution Date after the closing of a
securitization containing a large number of recently
originated or acquired Mortgage Loans, the number of
Mortgage Loans 30-59 days delinquent may be inflated due to
the borrowers sending monthly payments to the wrong location
or delays by the Company in inputting the Mortgage Loans on
its servicing system. It has also been the Company's
experience that for the majority of such Mortgage Loans the
routing of borrowers' monthly payments has corrected itself
by the second Distribution Date. However, the Company makes
no assurances as to the level of delinquent Mortgage Loans
for future Distribution Dates.
