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) October 27, 1997
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 October 27, 1997 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 1997-01 $ 5,385,372.00
Series 1997-02 $ 10,054,265.79
Series 1997-03 $ 8,798,151.28
Series 1997-HE-1 $ 3,598,446.99
Series 1997-04 $ 4,208,376.66
Series 1997-05 $ 9,723,303.86
Series 1997-06 $ 7,796,634.27
Series 1997-HE-2 $ 3,710,032.97
Series 1997-07 $ 5,339,998.82
Series 1997-08 $ 6,712,843.15
Series 1997-10 $ 1,830,114.03
Series 1997-HE-3 $ 3,440,394.06
Item 7. Financial Statements and Exhibits
Attached as Exhibits to Item 7 are the "Servicer's Certificate" and the
"Distribution Date Statement" filed as part of this Report.
Series Exhibit No. Description
------ ----------- -----------
Series 1997-01 ............. 99.1 Servicer's Certificate
99.2 Distribution Date Statement
Series 1997-02 ............. 99.3 Servicer's Certificate
99.4 Distribution Date Statement
Series 1997-03 ............. 99.5 Servicer's Certificate
99.6 Distribution Date Statement
Series 1997-HE-1 ........... 99.7 Servicer's Certificate
99.8 Distribution Date Statement
Series 1997-04 ............. 99.9 Servicer's Certificate
99.10 Distribution Date Statement
Series 1997-05 ............. 99.11 Servicer's Certificate
99.12 Distribution Date Statement
Series 1997-06 ............. 99.13 Servicer's Certificate
99.14 Distribution Date Statement
Series 1997-HE-2 ........... 99.15 Servicer's Certificate
99.16 Distribution Date Statement
Series 1997-07 ............. 99.17 Servicer's Certificate
99.18 Distribution Date Statement
Series 1997-08 ............. 99.19 Servicer's Certificate
99.20 Distribution Date Statement
Series 1997-10 ............. 99.21 Servicer's Certificate
99.22 Distribution Date Statement
Series 1997-HE-3 ........... 99.23 Servicer's Certificate
99.24 Distribution Date Statement
<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 : October 27, 1997
<PAGE>
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
----------- -----------
99.1 Series 1997-01 Servicer's Certificate
99.2 Series 1997-01 Distribution Date Statement
99.3 Series 1997-02 Servicer's Certificate
99.4 Series 1997-02 Distribution Date Statement
99.5 Series 1997-03 Servicer's Certificate
99.6 Series 1997-03 Distribution Date Statement
99.7 Series 1997-HE-1 Servicer's Certificate
99.8 Series 1997-HE-1 Distribution Date Statement
99.9 Series 1997-04 Servicer's Certificate
99.10 Series 1997-04 Distribution Date Statement
99.11 Series 1997-05 Servicer's Certificate
99.12 Series 1997-05 Distribution Date Statement
99.13 Series 1997-06 Servicer's Certificate
99.14 Series 1997-06 Distribution Date Statement
99.15 Series 1997-HE-2 Servicer's Certificate
99.16 Series 1997-HE-2 Distribution Date Statement
99.17 Series 1997-07 Servicer's Certificate
99.18 Series 1997-07 Distribution Date Statement
99.19 Series 1997-08 Servicer's Certificate
99.20 Series 1997-08 Distribution Date Statement
99.21 Series 1997-10 Servicer's Certificate
99.22 Series 1997-10 Distribution Date Statement
99.23 Series 1997-HE-3 Servicer's Certificate
99.24 Series 1997-HE-3 Distribution Date Statement
Exhibit 99.1
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
OCTOBER 1997
REMIC Multi-Class Pass-Through Certificates
Series 1997-1
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1997
(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 ......................$ 198,032.00
(b) Interest .......................$ 1,850,026.48
(c) Total ..........................$ 2,048,058.48
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal ......................$ 198,032.00
(b) Interest .......................$ 1,795,457.62
(c) Total ..........................$ 1,993,489.62
3. Aggregate Principal Prepayments in part received and applied in prior
month: ..............................$ 62.09
4. Aggregate Principal Prepayments in full received in prior month:
(a) Principal ......................$ 3,373,177.92
(b) Interest .......................$ 18,642.37
(c) Total ..........................$ 3,391,820.29
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: ....$ 273,028,901.53
10. Available Funds: ....................$ 5,385,372.00
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: .......$ 3,575.85
14. Accrued Certificate Interest, Unpaid Class Interest
Shortfalls and Pay-out Rate:
Class 1-A1....$ 0.00 $ 0.00 7.35000000%
Class 1-A2....$ 130,737.16 $ 0.00 7.35000000%
Class 1-A3....$ 366,912.00 $ 0.00 7.35000000%
Class 1-A4....$ 474,731.07 $ 0.00 7.35000000%
Class 1-A5....$ 67,467.45 $ 0.00 6.18750034%
Class 1-A6....$ 14,391.09 $ 0.00 6.18749839%
Class 1-A7 ...$ 37,208.43 $ 0.00 2.81250021%
Class 1-A8....$ 157,156.25 $ 0.00 7.50000000%
Class 1-A9....$ 145,000.00 $ 0.00 7.25000000%
<PAGE>
Class 1-A10...$ 1,600.00 $ 0.00 0.08000000%
Class 1-A11...$ 3,400.00 $ 0.00 0.17000000%
Class 1-A12...$ 21,750.00 $ 0.00 7.50000000%
Class 1-A13...$ 0.00 $ 0.00 7.50000000%
Class 1-A14...$ 193,750.00 $ 0.00 7.50000000%
Class 1-A15...$ 15,625.00 $ 0.00 7.50000000%
Class 1-M.....$ 27,977.47 $ 0.00 7.50000000%
Class 1-B1....$ 23,315.59 $ 0.00 7.50000000%
Class 1-B2....$ 20,512.25 $ 0.00 7.50000000%
Class 1-B3....$ 8,397.59 $ 0.00 7.50000000%
Class 1-B4....$ 5,594.25 $ 0.00 7.50000000%
Class 1-B5....$ 7,462.82 $ 0.00 7.50000000%
Class 1-S.....$ 89,139.49 $ 0.00 0.42679600%
Class 1-RL....$ 0.63 $ 0.00 7.50000000%
Class 1-R.....$ 0.63 $ 0.00 7.50000000%
15. Accrual Amount:
Class 1-A13A........ $ 0.00
Class 1-A13B........ $ 1,970.83
16. Principal distributable:
Class 1-A1........ $ 0.00
Class 1-A2........ $ 283,254.80
Class 1-A3........ $ 0.00
Class 1-A4........ $ 2,954,887.68
Class 1-A5........ $ 323,814.25
Class 1-A6........ $ 0.00
Class 1-A7........ $ 0.00
Class 1-A8........ $ 0.00
Class 1-A9........ $ 0.00
Class 1-A10....... $ 0.00
Class 1-A11....... $ 0.00
Class 1-A12....... $ 0.00
Class 1-A13....... $ 0.00
Class 1-A14....... $ 0.00
Class 1-A15....... $ 0.00
Class 1-PO........ $ 606.67
Class 1-M......... $ 3,203.77
Class 1-B1........ $ 2,669.93
Class 1-B2........ $ 2,348.91
Class 1-B3........ $ 961.63
Class 1-B4........ $ 640.61
Class 1-B5........ $ 854.59
Class 1-R......... $ 0.00
Class 1-RL........ $ 0.00
17. Additional distributions to the Class 1-R Certificate pursuant to
Section 4.01(b):..........................$ 0.00
<PAGE>
18. Additional distributions to the Class 1-RL Certificate pursuant to
Section 4.01(b):..........................$ 0.00
19. Certificate Interest Rates of:
Class 1-S Certificates:..... 0.386700%
20. Draw Amount:
Class A9.................... $ 0.00
Class A10................... $ 0.00
21. Distributions of amounts in Reserve Fund to Senior Certificates (other
than the Class PO Certificates) and the Class S Certificates pursuant
to the second paragraph of Section 4.01(g):
Class A1.................... $ 0.00
Class A2.................... $ 0.00
Class A3.................... $ 0.00
Class A4.................... $ 0.00
Class A5.................... $ 0.00
Class A6.................... $ 0.00
Class A7.................... $ 0.00
Class A8.................... $ 0.00
Class A9.................... $ 0.00
Class A10................... $ 0.00
Class A11................... $ 0.00
Class A12................... $ 0.00
Class A13................... $ 0.00
Class A14................... $ 0.00
Class A15................... $ 0.00
Class R..................... $ 0.00
Class RL.................... $ 0.00
Class S..................... $ 0.00
B. Other Amounts:
1. Senior Percentage for such Distribution Date: ........... 94.593501%
2. Group I Senior Percentage for such Distribution Date: ... 94.593501%
3. Group II Senior Percentage for such Distribution Date: .. 0.000000%
4. Senior Prepayment Percentage for such Distribution Date: 100.000000%
<PAGE>
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: ........... 5.406499%
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 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
-----------------------------------
Name: Karen Pickett
Title: Vice-President,
Investor Operations
Exhibit 99.2
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
OCTOBER 1997
REMIC Multi-Class Pass-Through Certificates
Series 1997-1
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1997
(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:
The amounts below (other than for Class R) are for a Single Certificate of
$1,000:
1. The amount of such distribution allocable to principal:
Class 1-A1....$ 0.00000000 Class 1-A13....$ 0.00000000
Class 1-A2....$ 13.14590430 Class 1-A14....$ 0.00000000
Class 1-A3....$ 0.00000000 Class 1-A15....$ 0.00000000
Class 1-A4....$ 37.11424437 Class 1-PO.....$ 0.98270025
Class 1-A5....$ 22.05218265 Class 1-M......$ 0.71179071
Class 1-A6....$ 0.00000000 Class 1-B1.....$ 0.71179152
Class 1-A7....$ 0.00000000 Class 1-B2.....$ 0.71179091
Class 1-A8....$ 0.00000000 Class 1-B3.....$ 0.71179127
Class 1-A9....$ 0.00000000 Class 1-B4.....$ 0.71178889
Class 1-A10...$ 0.00000000 Class 1-B5.....$ 0.71179386
Class 1-A11...$ 0.00000000 Class 1-R......$ 0.00000000
Class 1-A12...$ 0.00000000 Class 1-RL.....$ 0.00000000
2. 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....$ 0.00000000 Class 1-A13....$ 0.00000000
Class 1-A2....$ 12.45418831 Class 1-A14....$ 0.00000000
Class 1-A3....$ 0.00000000 Class 1-A15....$ 0.00000000
Class 1-A4....$ 35.16135351 Class 1-PO.....$ 0.93099217
Class 1-A5....$ 20.89183285 Class 1-M......$ 0.00000000
Class 1-A6....$ 0.00000000 Class 1-B1.....$ 0.00000000
Class 1-A7....$ 0.00000000 Class 1-B2.....$ 0.00000000
Class 1-A8....$ 0.00000000 Class 1-B3.....$ 0.00000000
<PAGE>
Class 1-A9....$ 0.00000000 Class 1-B4.....$ 0.00000000
Class 1-A10...$ 0.00000000 Class 1-B5.....$ 0.00000000
Class 1-A11...$ 0.00000000 Class 1-R......$ 0.00000000
Class 1-A12...$ 0.00000000 Class 1-RL.....$ 0.00000000
3. The amount of such distribution to the Certificateholders of each
class, allocable to Interest:
Class 1-A1....$ 0.00000000 Class 1-A13....$ 0.00000000
Class 1-A2....$ 6.06753423 Class 1-A14....$ 6.25000000
Class 1-A3....$ 6.12500000 Class 1-A15....$ 6.25000000
Class 1-A4....$ 5.96275962 Class 1-M......$ 6.21583426
Class 1-A5....$ 4.59462340 Class 1-B1.....$ 6.21583311
Class 1-A6....$ 5.15624866 Class 1-B2.....$ 6.21583333
Class 1-A7....$ 2.12923777 Class 1-B3.....$ 6.21583272
Class 1-A8....$ 6.25000000 Class 1-B4.....$ 6.21583333
Class 1-A9....$ 6.04166667 Class 1-B5.....$ 6.21583385
Class 1-A10...$ 0.06666667 Class 1-R......$ 6.30000000
Class 1-A11...$ 0.14166667 Class 1-RL.....$ 6.30000000
Class 1-A12...$ 6.25000000 Class 1-S......$ 0.29706315
4. Accrual Amount:
Class A13A....... $ 0.00
Class A13B....... $ 1,970.83
5. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:...$ 58,882.84
The amounts below are for the aggregate of all Certificates.
6. 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:.....$ 273,028,901.53
The aggregate number of Mortgage Loans included in the Scheduled
Principal Balance set forth above:............... 959
<PAGE>
7. 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..................$ 0.00 $ 0.00
Class 1-A2..................$ 21,061,587.89 $ 977.47
Class 1-A3..................$ 59,904,000.00 $ 1,000.00
Class 1-A4..................$ 74,552,226.11 $ 936.40
Class 1-A5..................$ 12,760,781.39 $ 869.03
Class 1-A6..................$ 2,791,000.00 $ 1,000.00
Class 1-A7..................$ 15,551,781.39 $ 889.94
Class 1-A8..................$ 25,145,000.00 $ 1,000.00
Class 1-A9..................$ 24,000,000.00 $ 1,000.00
Class 1-A10.................$ 24,000,000.00 $ 1,000.00
Class 1-A11.................$ 24,000,000.00 $ 1,000.00
Class 1-A12.................$ 3,480,000.00 $ 1,000.00
Class 1-A13.................$ 317,303.13 $ 52.03
Class 1-A14.................$ 31,000,000.00 $ 1,000.00
Class 1-A15.................$ 2,500,000.00 $ 1,000.00
Class 1-PO..................$ 605,886.34 $ 981.43
Class 1-M...................$ 4,473,191.14 $ 993.82
Class 1-B1..................$ 3,727,824.92 $ 993.82
Class 1-B2..................$ 3,279,611.37 $ 993.82
Class 1-B3..................$ 1,342,653.02 $ 993.82
Class 1-B4..................$ 894,439.46 $ 993.82
Class 1-B5..................$ 1,193,196.76 $ 993.82
Class 1-R...................$ 100.00 $ 1,000.00
Class 1-RL..................$ 100.00 $ 1,000.00
Class 1-S...................$ 247,083,111.96 $ 903.03
8. 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.....................................$ 0.00
unpaid principal balance.......................$ 0.00
number of related mortgage loans............... 0
<PAGE>
9. 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 9 Principal Balance $ 2,375,411.63
(2) 60-89 days
Number 1 Principal Balance $ 327,121.14
(3) 90 days or more
Number 1 Principal Balance $ 336,754.26
(b) in foreclosure
Number 3 Principal Balance $ 1,148,344.57
10. 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
11. The Certificate Interest Rates, applicable to the Interest Accrual
Period relating to such Distribution Date:
Class 1-S: ........................ 0.386700%
1. Senior Percentage for such Distribution Date: ........94.59350100%
2. Group I Senior Percentage for such Distribution Date: 94.59350100%
3. Group II Senior Percentage for such Distribution Date: 0.00000000%
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: ....... 5.40649900%
8. Junior Prepayment Percentage for such Distribution
Date:................................................ 0.00000000%
Exhibit 99.3
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
OCTOBER 1997
REMIC Multi-Class Pass-Through Certificates
Series 1997-2
Pursuant to the Pooling and Servicing Agreement dated as of February 1,
1997 (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:
Pool 1 Pool 2
------ ------
(a) Principal ...............$ 307,703.13 $ 274,351.23
(b) Interest ................$ 2,805,142.80 $ 523,836.42
(c) Total ...................$ 3,112,845.93 $ 798,187.65
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal ...............$ 307,703.13 $ 274,351.23
(b) Interest ................$ 2,723,194.93 $ 507,167.80
(c) Total ...................$ 3,030,898.06 $ 781,519.03
3. Aggregate Principal Prepayments in part received and applied in the
applicable Prepayment Period:..$ 117,949.27 $ 93,849.99
4. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal ...............$ 4,912,536.34 $ 789,835.29
(b) Interest ................$ 30,253.53 $ 4,779.84
(c) Total ...................$ 4,942,789.87 $ 794,615.13
<PAGE>
5. Aggregate Insurance Proceeds (including purchases of Mortgage Loans by
primary mortgage insurers) for prior month:
Pool 1 Pool 2
------ ------
(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 ...............$ 292,325.05 $ 0.00
(b) Interest ................$ 319.39 $ 0.00
(c) Total ...................$ 292,644.44 $ 0.00
7. Aggregate Purchase Prices for Defaulted and Modified Mortgage Loans:
(a) Principal ...............$ 0.00 $ 0.00
(b) Interest ................$ 0.00 $ 0.00
(c) Total ...................$ 0.00 $ 0.00
8. Aggregate Purchase Prices (and subsitution adjustments) for Defective
Mortgage Loans:
(a) Principal ...............$ 0.00 $ 0.00
(b) Interest ................$ 0.00 $ 0.00
(c) Total ...................$ 0.00 $ 0.00
9. Pool Scheduled Principal Balance:.$ 419,949,898.53 $ 81,364,222.24
10. Available Funds: .............$ 8,384,281.64 $ 1,669,984.15
11. Realized Losses for Prior Month:..$ 0.00 $ 0.00
12. Aggregrate Realized Losses and Debt Service Reductions:
(a) Deficient Valuations .....$ 0.00 $ 0.00
(b) Special Hazard Losses ....$ 0.00 $ 0.00
(c) Fraud Losses .............$ 0.00 $ 0.00
(d) Excess Bankruptcy Losses .$ 0.00 $ 0.00
(e) Excess Special Hazard
Losses ..................$ 0.00 $ 0.00
(f) Excess Fraud Losses ......$ 0.00 $ 0.00
(g) Debt Service Reductions $ 0.00 $ 0.00
<PAGE>
Pool 1 Pool 2
------ ------
13. Compensating Interest Payment: $ 3,277.75 $ 1,006.51
14. Accrued Certificate Interest, unpaid Class Interest Shortfalls and
Pay-out Rate:
Class 1-A1....$ 278,136.18 $ 0.00 6.50000000%
Class 1-A2....$ 369,154.15 $ 0.00 6.75000000%
Class 1-A3....$ 32,593.78 $ 0.00 7.50000000%
Class 1-A4....$ 318,169.50 $ 0.00 7.00000000%
Class 1-A5....$ 148,879.07 $ 0.00 7.50000000%
Class 1-A6....$ 110,620.49 $ 0.00 7.50000000%
Class 1-A7....$ 360,320.77 $ 0.00 7.50000000%
Class 1-A8....$ 19,457.07 $ 0.00 6.93750000%
Class 1-A9....$ 5,784.54 $ 0.00 10.31250000%
Class 1-A10...$ 42,595.61 $ 0.00 7.50000000%
Class 1-A11...$ 143,081.55 $ 0.00 7.50000000%
Class 1-A12...$ 36,793.61 $ 0.00 7.50000000%
Class 1-A13...$ 11,315.00 $ 0.00 7.75000000%
Class 1-A14...$ 1,460.00 $ 0.00 6.00000000%
Class 1-A15...$ 9,128.54 $ 0.00 7.50000000%
Class 1-A16...$ 261,225.55 $ 0.00 7.50000000%
Class 1-A17...$ 18,658.97 $ 0.00 7.50000000%
Class 1-S.....$ 100,324.69 $ 0.00 0.31980200%
Class 1-M.....$ 56,020.44 $ 0.00 7.50000000%
Class 1-B1....$ 28,007.11 $ 0.00 7.50000000%
Class 1-B2....$ 28,007.09 $ 0.00 7.50000000%
Class 1-B3....$ 14,006.61 $ 0.00 7.50000000%
Class 1-B4....$ 4,204.44 $ 0.00 7.50000000%
Class 1-B5....$ 9,806.33 $ 0.00 7.50000000%
Class 1-R.....$ 0.00 $ 0.00 7.50000000%
Class 1-RL....$ 0.00 $ 0.00 7.50000000%
Class 2-A1....$ 75,383.00 $ 0.00 7.00000000%
Class 2-A2....$ 71,299.58 $ 0.00 6.50000000%
Class 2-A3....$ 69,501.25 $ 0.00 6.50000000%
Class 2-A4....$ 10,830.83 $ 0.00 7.00000000%
Class 2-A5....$ 139,234.06 $ 0.00 7.00000000%
Class 2-A6....$ 48,922.38 $ 0.00 7.00000000%
Class 2-A7....$ 51,354.76 $ 0.00 7.00000000%
Class 2-S.....$ 31,295.03 $ 0.00 0.48917700%
Class 2-M.....$ 5,136.99 $ 0.00 7.00000000%
Class 2-B1....$ 2,568.49 $ 0.00 7.00000000%
Class 2-B2....$ 2,568.49 $ 0.00 7.00000000%
Class 2-B3....$ 1,541.10 $ 0.00 7.00000000%
Class 2-B4....$ 1,027.41 $ 0.00 7.00000000%
Class 2-B5....$ 1,284.27 $ 0.00 7.00000000%
<PAGE>
15. Principal Distribution Amount:
Class 1-A1....$ 0.00 Class 2-A1...$ 394,126.80
Class 1-A2....$ 0.00 Class 2-A2....$ 0.00
Class 1-A3....$ 0.00 Class 2-A3....$ 0.00
Class 1-A4....$ 1,020,914.49 Class 2-A4....$ 0.00
Class 1-A5....$ 273,439.65 Class 2-A5....$ 217,187.94
Class 1-A6....$ 211,278.56 Class 2-A6....$ 508,930.46
Class 1-A7....$ 484,718.19 Class 2-A7....$ 29,266.89
Class 1-A8....$ 932,769.71 Class 2-PO....$ 473.56
Class 1-A9....$ 186,553.95 Class 2-M.....$ 2,927.58
Class 1-A10...$ 833,101.87 Class 2-B1....$ 1,463.79
Class 1-A11...$ 477,398.06 Class 2-B2....$ 1,463.79
Class 1-A12...$ 0.00 Class 2-B3....$ 878.27
Class 1-A13...$ 0.00 Class 2-B4....$ 585.52
Class 1-A14...$ 0.00 Class 2-B5....$ 731.91
Class 1-A15...$ 1,460,566.13
Class 1-A16...$ 58,989.93
Class 1-A17...$ 4,213.57
Class 1-PO....$ 960.15
Class 1-M.....$ 12,650.42
Class 1-B1....$ 6,324.51
Class 1-B2....$ 6,324.51
Class 1-B3....$ 3,162.96
Class 1-B4....$ 949.45
Class 1-B5....$ 2,214.46
Class 1-R.....$ 0.00
Class 1-RL....$ 0.00
16. Additional Distributions to the Class R Certificate pursuant to
Section 4.01 (c):........................$ 0.00
17. Additional Distributions to the Class RL Certificate pursuant to
Section 2.05 (d):........................$ 0.00
18. Certificate Interest Rate of:
Class 1-A8............................... 6.93750000%
Class 1-A9............................... 10.31250000%
Class 1-S................................ 0.31980200%
Class 2-S................................ 0.48917700%
B. Other Amounts for such Distribution Date:
Pool 1 Pool 2
------ ------
1. Senior Percentage: ..................... 94.72190000% 97.06090000%
2. Group I Senior Percentage: ............. 84.17389565% 86.37654600%
3. Group II Senior Percentage: ............ 10.54800435% 10.68435400%
<PAGE>
4. Senior Prepayment Percentage: ......... 100.00000000% 100.00000000%
5. Group I Senior Prepayment Percentage: .. 100.00000000% 100.00000000%
6. Group II Senior Prepayment Percent: .... 0.00000000% 0.00000000%
7. Group I Scheduled Distribution Percent:. 0.00000000% N/A
8. Group II Scheduled Distribution Percentage: 0.00000000% N/A
9. Junior Percentage: .................... 5.27810000% 2.93910000%
10. Junior Prepayment Percentage: ....... 0.00000000% 0.00000000%
11. Subordinate Certificate Writedown: ...$ 0.00 $ 0.00
12. Prepayment Triggers satisfied:
YES NO
--- --
Class 1-B1..................... X
Class 1-B2..................... X
Class 1-B3..................... X
Class 1-B4..................... X
Class 1-B5..................... X
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
---------------------------------------
Name: Karen Pickett
Title: Vice-President,
Investor Operations
Exhibit 99.4
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
REMIC Multi-Class Pass-Through Certificates
OCTOBER 1997
Series 1997-2
Pursuant to the Pooling and Servicing Agreement dated as of February 1,
1997 (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 $1,000.
i) The amount of such distribution allocable to principal:
Class 1-A1....$ 0.00000000 Class 2-A1....$ 25.85455261
Class 1-A2....$ 0.00000000 Class 2-A2....$ 0.00000000
Class 1-A3....$ 0.00000000 Class 2-A3....$ 0.00000000
Class 1-A4....$ 17.22334515 Class 2-A4....$ 0.00000000
Class 1-A5....$ 10.85894207 Class 2-A5....$ 8.75793137
Class 1-A6....$ 11.26793566 Class 2-A6....$ 40.66956038
Class 1-A7....$ 5.04822856 Class 2-A7....$ 3.25187667
Class 1-A8....$ 124.36929471 Class 2-PO....$ 3.70602828
Class 1-A9....$ 124.36929673 Class 2-M.....$ 3.25190916
Class 1-A10...$ 87.30483686 Class 2-B1....$ 3.25191277
Class 1-A11...$ 19.09592240 Class 2-B2....$ 3.25191277
Class 1-A12...$ 0.00000000 Class 2-B3....$ 3.25190037
Class 1-A13...$ 0.00000000 Class 2-B4....$ 3.25193138
Class 1-A14...$ 0.00000000 Class 2-B5....$ 3.25194648
Class 1-A15...$ 164.10855393
Class 1-A16...$ 1.40452214
Class 1-A17...$ 1.40452333
Class 1-PO....$ 0.42635435
Class 1-M.....$ 1.40450983
Class 1-B1....$ 1.40451033
Class 1-B2....$ 1.40451033
Class 1-B3....$ 1.40451155
Class 1-B4....$ 1.40451183
Class 1-B5....$ 1.40451247
Class 1-R.....$ 0.00000000
Class 1-RL....$ 0.00000000
<PAGE>
Principal Prepayments included in the above principal distribution
(including amounts deposited pursuant to Section 3.17, Scheduled Principal
Balances of Defaulted Mortgage Loans, Designated Loans and Defective
Mortgage Loans which are being distributed on this Distribution Date):
Class 1-A1....$ 0.00000000 Class 2-A1....$ 19.86745459
Class 1-A2....$ 0.00000000 Class 2-A2....$ 0.00000000
Class 1-A3....$ 0.00000000 Class 2-A3....$ 0.00000000
Class 1-A4....$ 16.37407528 Class 2-A4....$ 0.00000000
Class 1-A5....$ 10.32349601 Class 2-A5....$ 6.72987100
Class 1-A6....$ 10.71232244 Class 2-A6....$ 31.25177436
Class 1-A7....$ 4.79930430 Class 2-A7....$ 2.49884471
Class 1-A8....$ 118.23674068 Class 2-PO....$ 2.84782915
Class 1-A9....$ 118.23674260 Class 2-B1....$ 0.00000000
Class 1-A10...$ 82.99990267 Class 2-B2....$ 0.00000000
Class 1-A11...$ 18.15431719 Class 2-B3....$ 0.00000000
Class 1-A12...$ 0.00000000 Class 2-B4....$ 0.00000000
Class 1-A13...$ 0.00000000 Class 2-B5....$ 0.00000000
Class 1-A14...$ 0.00000000
Class 1-A15...$ 156.01648767
Class 1-A16...$ 1.33526624
Class 1-A17...$ 1.33526737
Class 1-PO....$ 0.40533115
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
Class 1-RL....$ 0.00000000
ii) The amount of such distribution to the Certificateholders of each
class, allocable to Interest; Pay-out Rate:
Class 1-A1....$ 5.41666665 6.50000000%
Class 1-A2....$ 5.62499995 6.75000000%
Class 1-A3....$ 6.24999976 7.50000000%
Class 1-A4....$ 5.36768081 7.00000000%
Class 1-A5....$ 5.91234371 7.50000000%
Class 1-A6....$ 5.89962637 7.50000000%
Class 1-A7....$ 3.75265802 7.50000000%
Class 1-A8....$ 2.59427600 6.93750000%
Class 1-A9....$ 3.85636000 10.31250000%
Class 1-A10...$ 4.46380321 7.50000000%
Class 1-A11...$ 5.72326200 7.50000000%
Class 1-A12...$ 6.25000064 7.50000000%
Class 1-A13...$ 6.45833333 7.75000000%
Class 1-A14...$ 5.00000000 6.00000000%
<PAGE>
Class 1-A15...$ 1.02567865 7.50000000%
Class 1-A16...$ 6.21965595 7.50000000%
Class 1-A17...$ 6.21965667 7.50000000%
Class 1-S.....$ 0.22276877 0.31980200%
Class 1-M.....$ 6.21965582 7.50000000%
Class 1-B1....$ 6.21965579 7.50000000%
Class 1-B2....$ 6.21965134 7.50000000%
Class 1-B3....$ 6.21963144 7.50000000%
Class 1-B4....$ 6.21958580 7.50000000%
Class 1-B5....$ 6.21962588 7.50000000%
Class 1-R.....$ 0.00000000 7.50000000%
Class 1-RL....$ 0.00000000 7.50000000%
Class 2-A1....$ 4.94509315 7.00000000%
Class 2-A2....$ 5.41666641 6.50000000%
Class 2-A3....$ 5.41666667 6.50000000%
Class 2-A4....$ 5.83333244 7.00000000%
Class 2-A5....$ 5.61450300 7.00000000%
Class 2-A6....$ 3.90947653 7.00000000%
Class 2-A7....$ 5.70608444 7.00000000%
Class 2-S.....$ 0.34712741 0.48917700%
Class 2-M.....$ 5.70608654 7.00000000%
Class 2-B1....$ 5.70608177 7.00000000%
Class 2-B2....$ 5.70608177 7.00000000%
Class 2-B3....$ 5.70610821 7.00000000%
Class 2-B4....$ 5.70615319 7.00000000%
Class 2-B5....$ 5.70613504 7.00000000%
iii) The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
Pool 1 Pool 2
------ ------
$ 85,863.47 $ 16,507.97
(b) The amounts below are for the aggregate of all certificates.
iv) The Pool Scheduled Principal
Balances: $ 419,949,898.53 $ 81,364,222.24
Number of Mortgage Loans: 1,443 269
v) 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 Single
Principal Balance Certificate Balance
----------------- -------------------
Class 1-A1........ $ 51,348,218.00 $ 1,000.00
Class 1-A2........ $ 65,627,405.00 $ 1,000.00
Class 1-A3........ $ 5,215,005.00 $ 1,000.00
Class 1-A4........ $ 53,522,427.93 $ 902.95
Class 1-A5........ $ 23,547,212.33 $ 935.12
Class 1-A6........ $ 17,487,999.65 $ 932.67
Class 1-A7........ $ 95,829,911.03 $ 998.05
<PAGE>
Class 1-A8........ $ 2,432,778.16 $ 324.37
Class 1-A9........ $ 486,555.62 $ 324.37
Class 1-A10....... $ 5,982,195.11 $ 626.90
Class 1-A11....... $ 22,415,649.23 $ 896.63
Class 1-A12....... $ 5,886,977.00 $ 1,000.00
Class 1-A13....... $ 1,752,000.00 $ 1,000.00
Class 1-A14....... $ 292,000.00 $ 1,000.00
Class 1-A15....... $ 0.00 $ 0.00
Class 1-A16....... $ 41,737,097.63 $ 993.74
Class 1-A17....... $ 2,981,221.26 $ 993.74
Class 1-PO........ $ 1,028,521.59 $ 981.83
Class 1-S......... $ 370,866,844.58 $ 2,226.10
Class 1-M......... $ 8,950,619.95 $ 993.74
Class 1-B1........ $ 4,474,813.11 $ 993.74
Class 1-B2........ $ 4,474,813.11 $ 993.74
Class 1-B3........ $ 2,237,903.42 $ 993.74
Class 1-B4........ $ 671,768.51 $ 993.74
Class 1-B5........ $ 1,566,805.89 $ 993.74
Class 1-R......... $ 0.00 $ 0.00
Class 1-RL........ $ 0.00 $ 0.00
Class 2-A1........ $ 12,528,673.93 $ 821.88
Class 2-A2........ $ 13,163,000.00 $ 1,000.00
Class 2-A3........ $ 12,831,000.00 $ 1,000.00
Class 2-A4........ $ 1,856,714.00 $ 1,000.00
Class 2-A5........ $ 23,651,508.10 $ 953.73
Class 2-A6........ $ 7,877,763.30 $ 629.53
Class 2-A7........ $ 8,774,406.54 $ 974.93
Class 2-S......... $ 75,632,836.62 $ 897.56
Class 2-PO........ $ 124,197.01 $ 971.95
Class 2-M......... $ 877,699.07 $ 974.93
Class 2-B1........ $ 438,849.05 $ 974.93
Class 2-B2........ $ 438,849.05 $ 974.93
Class 2-B3........ $ 263,309.24 $ 974.93
Class 2-B4........ $ 175,539.81 $ 974.93
Class 2-B5........ $ 219,427.14 $ 974.94
vi) The following pertains to any real estate acquired on behalf of
Certificateholders:
Pool 1 Pool 2
------ ------
Book Value..................... $ 242,250.00 $ 0.00
Unpaid Principal Balance....... $ 242,250.00 $ 0.00
The aggregate number of Mortgage Loans included in the Principal
Balance set forth above:....... 1 0
<PAGE>
vii) Aggregate number and aggregate Principal Balances of delinquent
Mortgage Loans, as of the opening of business on the related
Determination Date:
Loans Principal Balance
----- -----------------
Pool 1..............
*(1) *30-59 days 11 $ 3,138,146.28
(2) 60-89 days 0 $ 0.00
(3) 90 days or more 1 $ 223,250.00
(4) in foreclosure 4 $ 1,442,988.96
Pool 2..............
*(1) 30-59 days 2 $ 502,651.62
(2) 60-89 days 1 $ 268,858.70
(3) 90 days or more 0 $ 0.00
(4) in foreclosure 0 $ 0.00
viii)The aggregate number of replaced Mortgage loans and Scheduled
Principal Balance:
Pool 1............... 0 $ 0.00
Pool 2............... 0 $ 0.00
ix) The aggregate number of modified Mortgage loans and Principal Balance:
Pool 1............... 0 $ 0.00
Pool 2............... 0 $ 0.00
x) Certificate Interest Rate of:
Class 1-A8 Certificates:.................... 6.937500%
Class 1-A9 Certificates:.................... 10.312500%
Class 1-S Certificates:..................... 0.319802%
Class 2-S Certificates:..................... 0.489177%
Pool 1 Pool 2
------ ------
xi) Senior Percentage................... 94.72190000% 97.06090000%
xii) Group I Senior Percentage ......... 84.17389565% 86.37654600%
xiii) Group II Senior Percentage ........ 10.54800435% 10.68435400%
xiv) Senior Prepayment Percentage ...... 100.00000000% 100.00000000%
xv) Group I Senior Prepayment Percentage 100.00000000% 100.00000000%
xvi) Group II Senior Prepayment Percentage 0.00000000% 0.00000000%
xvii) Group I Scheduled Distribution
Percentage ....................... 0.00000000% N/A
xviii) Group II Scheduled Distribution
Percentage ........................ 0.00000000% N/A
xviv) Junior Percentage ................. 5.27810000% 2.93910000%
xvx) Junior Prepayment Percentage ...... 0.00000000% 0.00000000%
xvxi) Amount of distribution of Class 1-A7 Certificates allocable to
interest accrued on Components of Class 1-A7 Certificates:
Class 1-A7A Certificates: $ 253,787.06 7.50000000%
Class 1-A7B Certificates: $ 346,016.76 7.50000000%
Class 1-A7C Certificates: $ 83,807.31 7.50000000%
Class 1-A7D Certificates: $ 22,726.39 7.50000000%
<PAGE>
xvxii) Amount of distribution of Class 1-A5 Certificates allocable to
interest accrued on Components of Class 1-A5 Certificates:
Class 1-A5A Certificates: $ 5,712.50 7.50000000%
Class 1-A5B Certificates: $ 143,166.57 7.50000000%
* 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.
Exhibit 99.5
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
OCTOBER 1997
REMIC Multi-Class Pass-Through Certificates
Series 1997-3
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1997
(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 ............................$ 312,277.78
(b) Interest .............................$ 2,829,113.85
(c) Total ................................$ 3,141,391.63
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal ............................$ 312,277.78
(b) Interest .............................$ 2,749,595.53
(c) Total ................................$ 3,061,873.31
3. Aggregate Principal Prepayments in part received and applied in prior
month: .....................................$ 78,947.41
4. Aggregate Principal Prepayments in full received in prior month:
(a) Principal ............................$ 5,625,692.86
(b) Interest .............................$ 31,637.70
(c) Total ................................$ 5,657,330.56
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: .........$ 421,665,932.60
10. Available Funds: ..........................$ 8,798,151.28
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: .............$ 7,613.99
14. Accrued Certificate Interest, Unpaid Class Interest Shortfalls and
Pay-out Rate:
Class 3-A1........$ 147,111.92 $ 0.00 7.49999994%
Class 3-A2........$ 245,312.50 $ 0.00 7.50000000%
Class 3-A3........$ 34,009.95 $ 0.00 7.50000000%
Class 3-A4........$ 293,750.00 $ 0.00 7.50000000%
Class 3-A5........$ 265,262.70 $ 0.00 7.49999999%
Class 3-A6........$ 265,262.69 $ 0.00 7.49999988%
Class 3-A7 .......$ 353,271.16 $ 0.00 7.49999995%
Class 3-A8........$ 43,750.00 $ 0.00 7.50000000%
Class 3-A9........$ 213,750.00 $ 0.00 7.50000000%
<PAGE>
Class 3-A10.......$ 269,375.00 $ 0.00 7.50000000%
Class 3-A11.......$ 184,375.00 $ 0.00 7.50000000%
Class 3-A12.......$ 135,625.00 $ 0.00 7.50000000%
Class 3-A13.......$ 0.00 $ 0.00 0.00000000%
Class 3-A14.......$ 28,430.69 $ 0.00 7.49999893%
Class 3-A15.......$ 19,897.33 $ 0.00 7.49999953%
Class 3-M.........$ 34,690.32 $ 0.00 7.49999961%
Class 3-B1........$ 27,751.01 $ 0.00 7.49999927%
Class 3-B2........$ 27,751.01 $ 0.00 7.49999927%
Class 3-B3........$ 13,878.62 $ 0.00 7.50000098%
Class 3-B4........$ 4,163.59 $ 0.00 7.50000822%
Class 3-B5........$ 9,717.29 $ 0.00 7.49991549%
Class 3-S.........$ 112,968.76 $ 0.00 0.34609700%
Class 3-R.........$ 0.00 $ 0.00 0.00000000%
15. Accrual Amount:
Class 3-A13.......... $ 51,128.69
16. Principal distributable:
Class 3-A1.....$ 4,355,089.94
Class 3-A2.....$ 0.00
Class 3-A3.....$ 0.00
Class 3-A4.....$ 0.00
Class 3-A5.....$ 30,983.71
Class 3-A6.....$ 30,983.71
Class 3-A7.....$ 1,585,252.49
Class 3-A8.....$ 0.00
Class 3-A9.....$ 0.00
Class 3-A10....$ 0.00
Class 3-A11....$ 0.00
Class 3-A12....$ 0.00
Class 3-A13....$ 0.00
Class 3-A14....$ 51,128.69
Class 3-A15....$ 0.00
Class 3-PO.....$ 830.95
Class 3-M......$ 4,051.96
Class 3-B1.....$ 3,241.42
Class 3-B2.....$ 3,241.42
Class 3-B3.....$ 1,621.08
Class 3-B4.....$ 486.32
Class 3-B5.....$ 1,135.04
Class 3-R......$ 0.00
17. Additional distributions to the Class 3-R Certificate pursuant to
Section 4.01(b): ...........................$ 0.00
<PAGE>
18. Certificate Interest Rates of:
Class 3-S Certificates:..................... 0.317000%
19. Other Amounts:
A. Senior Percentage for such Distribution Date: ........ 95.579451%
B. Group I Senior Percentage for such Distribution Date: 75.696663%
C. Group II Senior Percentage for such Distribution Date: 19.882788%
D. Senior Prepayment Percentage for such Distribution
Date: ................................................ 100.000000%
E. Group I Senior Prepayment Percentage for such
Distribution Date: ................................... 100.000000%
F. Group II Senior Prepayment Percentage for such
Distribution Date: ................................... 0.000000%
G. Junior Percentage for such Distribution Date: ........ 4.420549%
H. Junior Prepayment Percentage for such Distribution Date: 0.000000%
I. Subordinate Certificate Writedown Amount for such
Distribution Date: ...................................$ 0.00
J. 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
-------------------------------------
Name: Karen Pickett
Title: Vice-President,
Investor Operations
Exhibit 99.6
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
OCTOBER 1997
REMIC Multi-Class Pass-Through Certificates
Series 1997-3
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1997
(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:
The amounts below (other than for Class R) are for a Single Certificate of
$1,000:
1. The amount of such distribution allocable to principal:
Class 3-A1.....$ 119.00576684 Class 3-A13...$ 0.00000000
Class 3-A2.....$ 0.00000000 Class 3-A14...$ 10.54401543
Class 3-A3.....$ 0.00000000 Class 3-A15...$ 0.00000000
Class 3-A4.....$ 0.00000000 Class 3-PO....$ 1.08623097
Class 3-A5.....$ 0.72694005 Class 3-M.....$ 0.72693936
Class 3-A6.....$ 0.72694007 Class 3-B1....$ 0.72693878
Class 3-A7.....$ 25.87052554 Class 3-B2....$ 0.72693878
Class 3-A8.....$ 0.00000000 Class 3-B3....$ 0.72694170
Class 3-A9.....$ 0.00000000 Class 3-B4....$ 0.72693572
Class 3-A10....$ 0.00000000 Class 3-B5....$ 0.72694653
Class 3-A11....$ 0.00000000 Class 3-R.....$ 0.00000000
Class 3-A12....$ 0.00000000
2. 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.....$ 113.08831683 Class 3-A13...$ 0.00000000
Class 3-A2.....$ 0.00000000 Class 3-A14...$ 10.01972416
Class 3-A3.....$ 0.00000000 Class 3-A15...$ 0.00000000
Class 3-A4.....$ 0.00000000 Class 3-PO....$ 1.03221915
Class 3-A5.....$ 0.69079364 Class 3-M.....$ 0.00000000
Class 3-A6.....$ 0.69079366 Class 3-B1....$ 0.00000000
Class 3-A7.....$ 24.58413795 Class 3-B2....$ 0.00000000
Class 3-A8.....$ 0.00000000 Class 3-B3....$ 0.00000000
<PAGE>
Class 3-A9.....$ 0.00000000 Class 3-B4....$ 0.00000000
Class 3-A10....$ 0.00000000 Class 3-B5....$ 0.00000000
Class 3-A11....$ 0.00000000 Class 3-R.....$ 0.00000000
Class 3-A12....$ 0.00000000
3. The amount of such distribution to the Certificateholders of each
class, allocable to Interest:
Class 3-A1.....$ 4.01993233 Class 3-A13...$ 0.00000000
Class 3-A2.....$ 6.25000000 Class 3-A14...$ 5.86311979
Class 3-A3.....$ 6.25000000 Class 3-A15...$ 6.24999961
Class 3-A4.....$ 6.25000000 Class 3-M.....$ 6.22359526
Class 3-A5.....$ 6.22359556 Class 3-B1....$ 6.22359498
Class 3-A6.....$ 6.22359547 Class 3-B2....$ 6.22359498
Class 3-A7.....$ 5.76520814 Class 3-B3....$ 6.22359641
Class 3-A8.....$ 6.25000000 Class 3-B4....$ 6.22360239
Class 3-A9.....$ 6.25000000 Class 3-B5....$ 6.22352539
Class 3-A10....$ 6.25000000 Class 3-R.....$ 0.00000000
Class 3-A11....$ 6.25000000 Class 3-S.....$ 0.25332821
Class 3-A12....$ 6.25000000
4. Accrual Amount:
Class A13................. $ 51,128.69
5. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:.......$ 86,431.95
The amounts below are for the aggregate of all Certificates.
6. 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:.........$ 421,665,932.60
The aggregate number of Mortgage Loans included in the Scheduled
Principal Balance set forth above:................... 1,490
<PAGE>
7. 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..............$ 19,182,817.45 $ 524.18
Class 3-A2..............$ 39,250,000.00 $ 1,000.00
Class 3-A3..............$ 5,441,592.00 $ 1,000.00
Class 3-A4..............$ 47,000,000.00 $ 1,000.00
Class 3-A5..............$ 42,411,048.33 $ 995.05
Class 3-A6..............$ 42,411,047.38 $ 995.05
Class 3-A7..............$ 54,938,133.48 $ 896.56
Class 3-A8..............$ 7,000,000.00 $ 1,000.00
Class 3-A9..............$ 34,200,000.00 $ 1,000.00
Class 3-A10.............$ 43,100,000.00 $ 1,000.00
Class 3-A11.............$ 29,500,000.00 $ 1,000.00
Class 3-A12.............$ 21,700,000.00 $ 1,000.00
Class 3-A13.............$ 8,231,718.64 $ 1,044.58
Class 3-A14.............$ 4,497,782.36 $ 927.56
Class 3-A15.............$ 3,183,573.00 $ 1,000.00
Class 3-PO..............$ 759,685.16 $ 993.07
Class 3-M...............$ 5,546,399.53 $ 995.05
Class 3-B1..............$ 4,436,920.61 $ 995.05
Class 3-B2..............$ 4,436,920.61 $ 995.05
Class 3-B3..............$ 2,218,957.83 $ 995.05
Class 3-B4..............$ 665,687.35 $ 995.05
Class 3-B5..............$ 1,553,648.87 $ 995.05
Class 3-R...............$ 0.00 $ 0.00
Class 3-S...............$ 385,710,409.55 $ 941.37
8. 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........................................$ 0.00
unpaid principal balance..........................$ 0.00
number of related mortgage loans.................. 0
<PAGE>
9. 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 $ 3,704,013.63
(2) 60-89 days
Number 2 Principal Balance $ 505,917.39
(3) 90 days or more
Number 1 Principal Balance $ 219,885.49
(b) in foreclosure
Number 4 Principal Balance $ 1,409,881.39
10. 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
11. The Certificate Interest Rates, applicable to the Interest Accrual
Period relating to such Distribution Date:
Class 3-S: ........................ 0.317000%
12. Senior Percentage for such Distribution Date: .......... 95.57945100%
13. Group I Senior Percentage for such Distribution Date: .. 75.69666300%
14. Group II Senior Percentage for such Distribution Date: . 19.88278800%
15. Senior Prepayment Percentage for such Distribution Date: 100.00000000%
16. Group I Senior Prepayment Percentage for such
Distribution Date: ..................................... 100.00000000%
17. Group II Senior Prepayment Percentage for such
Distribution Date: ..................................... 0.00000000%
18. Junior Percentage for such Distribution Date: .......... 4.42054900%
19. Junior Prepayment Percentage for such Distribution Date: 0.00000000%
Exhibit 99.7
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
SEPTEMBER 1997
Home Equity Loan Pass-Through Certificates
Series 1997-HE1
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1997
(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: $ 1,783,308.93
(2) Aggregate Monthly Payments received and Monthly Advances made this
Month:
(a) Principal $ 281,283.97
(b) Interest $ 1,475,769.41
(c) Total $ 1,757,053.38
(3) Aggregate Principal Prepayments in part received on Self- Amortizing
Mortgage Loans and applied in the applicable Prepayment Period:
(a) Principal $ 31,893.25
(c) Total $ 31,893.25
(4) Aggregate Principal Prepayments in full received in the applicable
Prepayment period:
(a) Principal $ 1,868,515.11
(b) Interest $ 29,708.22
(c) Total $ 1,898,223.33
<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 $ 0.00
(b) Interest $ 0.00
(c) Total $ 0.00
(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 Document Deficiencies per Sec. 2.02:
(a) Principal $ 0.00
(b) Interest $ 0.00
(c) Total $ 0.00
(10) Pool Principal Balance: $ 185,655,690.20
(11) Available Funds: $ 3,598,446.99
(12) Realized Losses for prior month: $ 0.00
<PAGE>
(13) Aggregate Realized Losses: $ 0.00
(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
(14) Compensating Interest Payment: $ 2,041.80
(15) Net Simple Interest Shortfall: $ (0.00)
(16) Net Simple Interest Excess: $ 0.00
(17) Simple Interest Shortfall Payment: $ (0.00)
(18) Unpaid Net Simple Interest Shortfall:
Class A1 36157T4B4 $ 0.00
Class A2 36157T4C2 $ 0.00
Class A3 36157T4D0 $ 0.00
Class A4 36157T4E8 $ 0.00
Class A5 36157T4F5 $ 0.00
Class S 36197HE1S $ 0.00
Class M 36157T4J7 $ 0.00
Class B1 36157T4K4 $ 0.00
Class B2 36157T4L2 $ 0.00
Class B3 36157T5M9 $ 0.00
Class B4 36157T5N7 $ 0.00
Class B5 36157T5P2 $ 0.00
(19) Class Certificate Interest Rate:
Class A4 36157T4E8 7.780%
Class M 36157T4J7 7.500%
Class B1 36157T4K4 7.500%
Class B2 36157T4L2 7.500%
Class B3 36157T5M9 9.157%
Class B4 36157T5N7 9.157%
Class B5 36157T5P2 9.157%
Class S 36196HE4S 2.07%
<PAGE>
(20) Accrued Certificate Interest and Pay-out Rate:
Class A1 36157T4B4 $ 348,138.65 6.670%
Class A2 36157T4C2 $ 276,489.60 6.940%
Class A3 36157T4D0 $ 86,895.38 7.350%
Class A4 36157T4E8 $ 102,864.57 7.780%
Class A5 36157T4F5 $ 182,250.00 7.290%
Class S 36197HE1S $ 320,631.22 2.07%
Class M 36157T4J7 $ 33,618.98 7.500%
Class B1 36157T4K4 $ 24,452.41 7.500%
Class B2 36157T4L2 $ 15,285.85 7.500%
Class B3 36157T5M9 $ 9,705.39 9.157%
Class B4 36157T5N7 $ 2,981.05 9.157%
Class B5 36157T5P2 $ 13,441.58 9.157%
Total $ 1,416,754.66
(21) Principal distributable:
Class A1 36157T4B4 $ 2,158,722.07
Class A2 36157T4C2 $ 0.00
Class A3 36157T4D0 $ 0.00
Class A4 36157T4E8 $ 0.00
Class A5 36157T4F5 $ 0.00
Class M 36157T4J7 $ 8,149.69
Class B1 36157T4K4 $ 5,927.59
Class B2 36157T4L2 $ 3,705.50
Class B3 36157T5M9 $ 1,926.92
Class B4 36157T5N7 $ 591.86
Class B5 36157T5P2 $ 2,668.71
Class R1 36157T4G3 $ 0.00
Class R2 36157T4H1 $ 0.00
Total $ 2,181,692.33
(22) Additional distributions to the Class R1 Certificate pursuant to
Section 2.05 (d) : $ 0.00
(23) Additional distributions to the Class R2 Certificate pursuant to
Section 4.01 (b) : $ 0.00
B. Other Amounts:
(1) Senior Percentage for such Distribution Date: 91.833781%
(2) Senior Prepayment Percentage for such Distribution Date: 100.000000%
<PAGE>
(3) Junior Percentage for such Distribution Date: 8.166219%
(4) Junior Prepayment Percentage for such Distribution Date: 0.000000%
(5) Subordinate Certfificate Writedown Amount for such
Distribution Date: 0.000000%
(6) Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class B1 X
Class B2 X
Class B3 X
Class B4 X
Class 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
----------------------------------------
Name: Karen Pickett
Title: Vice President,
Investor Operations
Exhibit 99.8
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
SEPTEMBER 1997
Home Equity Loan Pass-Through Certificates
Series 1997-HE1
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1997
(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 36157T4B4 $ 28.93147579
Class A2 36157T4C2 $ 0.00000000
Class A3 36157T4D0 $ 0.00000000
Class A4 36157T4E8 $ 0.00000000
Class A5 36157T4F5 $ 0.00000000
Class M 36157T4J7 $ 1.49838057
Class B1 36157T4K4 $ 1.49838057
Class B2 36157T4L2 $ 1.49838057
Class B3 36157T5M9 $ 1.49838057
Class B4 36157T5N7 $ 1.49838057
Class B5 36157T5P2 $ 1.49838057
Class R1 36157T4G3 $ 0.00000000
Class R2 36157T4H1 $ 0.00000000
<PAGE>
(2) Aggregate Principal prepayments included in distribution:
Class A1 36157T4B4 $ 1,900,408.36
Class A2 36157T4C2 $ 0.00
Class A3 36157T4D0 $ 0.00
Class A4 36157T4E8 $ 0.00
Class A5 36157T4F5 $ 0.00
Class M 36157T4J7 $ 0.00
Class B1 36157T4K4 $ 0.00
Class B2 36157T4L2 $ 0.00
Class B3 36157T5M9 $ 0.00
Class B4 36157T5N7 $ 0.00
Class B5 36157T5P2 $ 0.00
Class R1 36157T4G3 $ 0.00
Class R2 36157T4H1 $ 0.00
(3) Amount of distribution allocable to interest Pay-out Rate:
Class A1 36157T4B4 $ 4.66579983 6.670%
Class A2 36157T4C2 $ 5.78333333 6.940%
Class A3 36157T4D0 $ 6.12500000 7.350%
Class A4 36157T4E8 $ 6.48333333 7.780%
Class A5 36157T4F5 $ 6.07500000 7.290%
Class S 36197HE1S $ 1.72702068 2.07%
Class M 36157T4J7 $ 6.18109522 7.500%
Class B1 36157T4K4 $ 6.18109522 7.500%
Class B2 36157T4L2 $ 6.18109522 7.500%
Class B3 36157T5M9 $ 7.54695573 9.157%
Class B4 36157T5N7 $ 7.54695573 9.157%
Class B5 36157T5P2 $ 7.54695573 9.157%
(4) Servicing Compensation: $ 96,637.79
The amounts below are for the aggregate of all Certificates:
(5) Pool Principal Balance; $ 185,655,690.20
number of Mortgage Loans: 2,987
<PAGE>
(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 36157T4B4 $ 60,474,918.87 $ 810.49278128
Class A2 36157T4C2 $ 47,808,000.00 $ 1,000.00000000
Class A3 36157T4D0 $ 14,187,000.00 $ 1,000.00000000
Class A4 36157T4E8 $ 15,866,000.00 $ 1,000.00000000
Class A5 36157T4F5 $ 30,000,000.00 $ 1,000.00000000
Class M 36157T4J7 $ 5,370,886.61 $ 987.47685495
Class B1 36157T4K4 $ 3,906,458.44 $ 987.47685495
Class B2 36157T4L2 $ 2,442,030.26 $ 987.47685495
Class B3 36157T5M9 $ 1,269,895.24 $ 987.47685495
Class B4 36157T5N7 $ 390,053.36 $ 987.47685495
Class B5 36157T5P2 $ 1,758,755.53 $ 987.47685495
Class R1 36157T4G3 $ 0.00 $ 0.00000000
Class R2 36157T4H1 $ 0.00 $ 0.00000000
(7) Book value of real estate acquired on behalf of
Certificateholders; $ 0.00
number of related Mortgage Loans: 0
(8) Aggregate Scheduled Principal Balance and number of delinquent
Mortgage Loans:
One Payment Delinquent $ 4,268,099.38
66
Two Payments Delinquent $ 912,738.93
19
Three or more Payments Delinquent $ 1,084,416.83
21
TOTAL $ 6,265,255.14
106
In foreclosure $ 437,671.40
6
<PAGE>
(9) Aggregate Scheduled Principal Balance and number of replaced Mortgage
Loans: $ 0.00
0
(10) Unpaid Net Simple Interest Shortfall:
Class A1 36157T4B4 $ 0.00
Class A2 36157T4C2 $ 0.00
Class A3 36157T4D0 $ 0.00
Class A4 36157T4E8 $ 0.00
Class A5 36157T4F5 $ 0.00
Class S 36197HE1S $ 0.00
Class M 36157T4J7 $ 0.00
Class B1 36157T4K4 $ 0.00
Class B2 36157T4L2 $ 0.00
Class B3 36157T5M9 $ 0.00
Class B4 36157T5N7 $ 0.00
Class B5 36157T5P2 $ 0.00
(11) Class Certificate Interest Rate of:
Class A4 36157T4E8 7.290%
Class M 36157T4J7 7.500%
Class B1 36157T4K4 7.500%
Class B2 36157T4L2 7.500%
Class B3 36157T5M9 9.157%
Class B4 36157T5N7 9.157%
Class B5 36157T5P2 9.157%
Class S 36197HE1S 2.07%
(12) Senior Percentage for such Distribution Date: 91.833781%
(13) Senior Prepayment Percentage for such Distribution Date: 100.000000%
(14) Junior Percentage for such Distribution Date: 8.166219%
(15) Junior Prepayment Percentage for such Distribution Date: 0.000000%
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
----------------------------------------
Name: Karen Pickett
Title: Vice President,
Investor Operations
Exhibit 99.9
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
OCTOBER 1997
REMIC Multi-Class Pass-Through Certificates
Series 1997-4
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1997
(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 ..............................$ 243,508.47
(b) Interest ...............................$ 2,257,892.90
(c) Total ..................................$ 2,501,401.37
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal ..............................$ 243,508.47
(b) Interest ...............................$ 2,190,259.91
(c) Total ..................................$ 2,433,768.38
3. Aggregate Principal Prepayments in part received and applied in prior
month: .......................................$ 50,043.05
4. Aggregate Principal Prepayments in full received in prior month:
(a) Principal ..............................$ 1,715,237.58
(b) Interest ...............................$ 9,327.65
(c) Total ..................................$ 1,724,565.23
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: ...........$ 337,609,292.61
10. Available Funds: ............................$ 4,208,376.66
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: ...............$ 2,252.70
15. Accrued Certificate Interest, Unpaid Class Interest Shortfalls and
Pay-out Rate:
Class 4-A1.....$ 134,625.00 $ 0.00 7.50000000%
Class 4-A2.....$ 183,341.26 $ 0.00 7.49999995%
Class 4-A3.....$ 140,912.50 $ 0.00 7.50000000%
Class 4-A4.....$ 171,652.15 $ 0.00 7.50000009%
Class 4-A5.....$ 284,725.00 $ 0.00 7.50000000%
Class 4-A6.....$ 42,109.81 $ 0.00 7.50000038%
<PAGE>
Class 4-A7 ....$ 0.00 $ 0.00 0.00000000%
Class 4-A8 ....$ 333,684.08 $ 0.00 7.50000004%
Class 4-A9 ....$ 122,587.50 $ 0.00 7.50000000%
Class 4-A10 ...$ 215,693.75 $ 0.00 7.50000000%
Class 4-A11 ...$ 128,825.00 $ 0.00 7.50000000%
Class 4-A12 ...$ 203,450.00 $ 0.00 7.50000000%
Class 4-M......$ 27,305.16 $ 0.00 7.49999947%
Class 4-B1.....$ 21,842.88 $ 0.00 7.49999867%
Class 4-B2.....$ 21,842.87 $ 0.00 7.49999524%
Class 4-B3.....$ 10,924.53 $ 0.00 7.49998211%
Class 4-B4.....$ 3,276.09 $ 0.00 7.49992875%
Class 4-B5.....$ 7,642.97 $ 0.00 7.49996976%
Class 4-S......$ 80,669.32 $ 0.00 0.31205900%
Class 4-R......$ 0.00 $ 0.00 0.00000000%
16. Principal distributable:
Class 4-A1..... $ 0.00
Class 4-A2..... $ 1,504,056.99
Class 4-A3..... $ 0.00
Class 4-A4..... $ 493,532.00
Class 4-A5..... $ 0.00
Class 4-A6..... $ 64,477.69
Class 4-A7..... $ 0.00
Class 4-A8..... $ 0.00
Class 4-A9..... $ 0.00
Class 4-A10.... $ 0.00
Class 4-A11.... $ 0.00
Class 4-A12.... $ 0.00
Class 4-PO..... $ 551.80
Class 4-M...... $ 3,131.96
Class 4-B1..... $ 2,505.42
Class 4-B2..... $ 2,505.42
Class 4-B3..... $ 1,253.07
Class 4-B4..... $ 375.78
Class 4-B5..... $ 876.66
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:..... 0.285000%
19. Accrual Amount A7 Certificates:.......................$ 64,477.69
<PAGE>
B. Other Amounts:
1. Senior Percentage for such Distribution Date: .......... 95.618774%
2. Group I Senior Percentage for such Distribution Date: .. 79.202540%
3. Group II Senior Percentage for such Distribution Date: . 16.416234%
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: .......... 4.381226%
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
------------------------------------
Name: Karen Pickett
Title: Vice-President,
Investor Operations
Exhibit 99.10
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
OCTOBER 1997
REMIC Multi-Class Pass-Through Certificates
Series 1997-4
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1997
(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-A12...$ 0.00000000
Class 4-A2....$ 42.04447460 Class 4-PO....$ 0.92934580
Class 4-A3....$ 0.00000000 Class 4-M.....$ 0.71440693
Class 4-A4....$ 16.68634412 Class 4-B1....$ 0.71440547
Class 4-A5....$ 0.00000000 Class 4-B2....$ 0.71440547
Class 4-A6....$ 9.14058548 Class 4-B3....$ 0.71440707
Class 4-A7....$ 0.00000000 Class 4-B4....$ 0.71441065
Class 4-A8....$ 0.00000000 Class 4-B5....$ 0.71440047
Class 4-A9....$ 0.00000000 Class 4-R.....$ 0.00000000
Class 4-A10...$ 0.00000000
Class 4-A11...$ 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):
<PAGE>
Class 4-A1....$ 0.00000000 Class 4-A12...$ 0.00000000
Class 4-A2....$ 37.14467822 Class 4-M.....$ 0.00000000
Class 4-A3....$ 0.00000000 Class 4-PO....$ 0.82104131
Class 4-A4....$ 14.74174404 Class 4-B1....$ 0.00000000
Class 4-A5....$ 0.00000000 Class 4-B2....$ 0.00000000
Class 4-A6....$ 8.07535615 Class 4-B3....$ 0.00000000
Class 4-A7....$ 0.00000000 Class 4-B4....$ 0.00000000
Class 4-A8....$ 0.00000000 Class 4-B5....$ 0.00000000
Class 4-A9....$ 0.00000000 Class 4-R.....$ 0.00000000
Class 4-A10...$ 0.00000000
Class 4-A11...$ 0.00000000
iii) The amount of such distribution to the Certificateholders of each
class, allocable to Interest:
Class 4-A1....$ 6.25000000 Class 4-A12...$ 6.25000000
Class 4-A2....$ 5.12512957 Class 4-M.....$ 6.22836679
Class 4-A3....$ 6.25000000 Class 4-PO....$ 0.00000000
Class 4-A4....$ 5.80356865 Class 4-B1....$ 6.22836612
Class 4-A5....$ 6.25000000 Class 4-B2....$ 6.22836327
Class 4-A6....$ 5.96963567 Class 4-B3....$ 6.22835234
Class 4-A7....$ 0.00000000 Class 4-B4....$ 6.22830798
Class 4-A8....$ 5.97282976 Class 4-B5....$ 6.22834550
Class 4-A9....$ 6.25000000 Class 4-R.....$ 0.00000000
Class 4-A10...$ 6.25000000 Class 4-S.....$ 0.23002308
Class 4-A11...$ 6.25000000
<PAGE>
iv) The amount of servicing compensation received by the Company during
the month preceding the month of distribution:...$ 69,274.14
(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:.....$ 337,609,292.61
The aggregate number of Mortgage Loans included in the Scheduled
Principal Balance set forth above:............... 1,212
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....................$ 21,540,000.00 $ 1,000.00
Class 4-A2....................$ 27,830,544.80 $ 777.98
Class 4-A3....................$ 22,546,000.00 $ 1,000.00
Class 4-A4....................$ 26,970,811.67 $ 911.88
Class 4-A5....................$ 45,556,000.00 $ 1,000.00
Class 4-A6....................$ 6,673,091.57 $ 946.00
Class 4-A7....................$ 10,380,908.43 $ 1,038.09
Class 4-A8....................$ 53,389,452.49 $ 955.65
Class 4-A9....................$ 19,614,000.00 $ 1,000.00
Class 4-A10...................$ 34,511,000.00 $ 1,000.00
Class 4-A11...................$ 20,612,000.00 $ 1,000.00
Class 4-A12...................$ 32,552,000.00 $ 1,000.00
Class 4-PO....................$ 590,594.73 $ 994.68
Class 4-M.....................$ 4,365,693.95 $ 995.82
Class 4-B1....................$ 3,492,356.00 $ 995.82
Class 4-B2....................$ 3,492,356.00 $ 995.82
Class 4-B3....................$ 1,746,675.90 $ 995.82
Class 4-B4....................$ 523,803.60 $ 995.82
Class 4-B5....................$ 1,222,003.47 $ 995.82
Class 4-R.....................$ 0.00 $ 0.00
Class 4-S.....................$ 308,226,311.10 $ 959.72
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...........................................$ 0.00
unpaid principal balance.............................$ 0.00
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 $ 2,439,986.32
(2) 60-89 days
Number 1 Principal Balance $ 294,820.37
(3) 90 days or more
Number 1 Principal Balance $ 224,981.48
(b) in foreclosure
Number 1 Principal Balance $ 116,640.54
<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: .............................. 0.285000%
1. Senior Percentage for such Distribution Date: ...... 95.61877400%
2. Group I Senior Percentage for such Distribution Date: 79.20254000%
3. Group II Senior Percentage for such Distribution
Date:............................................... 16.41623400%
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: ...... 4.38122600%
8. Junior Prepayment Percentage for such Distribution
Date: .............................................. 0.00000000%
Exhibit 99.11
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
OCTOBER 1997
REMIC Multi-Class Pass-Through Certificates
Series 1997-5
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1997
(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 .......................$ 324,780.75
(b) Interest ........................$ 3,140,517.49
(c) Total ...........................$ 3,465,298.24
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal .......................$ 324,780.75
(b) Interest ........................$ 3,047,917.98
(c) Total ...........................$ 3,372,698.73
3. Aggregate Principal Prepayments in part received and applied in prior
month: ...............................$ 62,259.95
4. Aggregate Principal Prepayments in full received in prior month:
(a) Principal .......................$ 6,250,587.05
(b) Interest ........................$ 37,758.13
(c) Total ...........................$ 6,288,345.18
<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: ....$ 465,956,720.42
10. Available Funds: .....................$ 9,723,303.86
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: ........$ 4,775.50
<PAGE>
15. Accrued Certificate Interest, Unpaid Class Interest Shortfalls and
Pay-out Rate:
Class 5-A1...$ 183,884.51 $ 0.00 7.49999980%
Class 5-A2...$ 1,257,410.70 $ 0.00 7.50000000%
Class 5-A3...$ 38,125.00 $ 0.00 7.50000000%
Class 5-A4...$ 12,187.50 $ 0.00 7.50000000%
Class 5-A5...$ 61,913.09 $ 0.00 7.49999982%
Class 5-A6...$ 1,266,575.48 $ 0.00 7.50000002%
Class 5-A7 ..$ 0.00 $ 0.00 0.00000000%
Class 5-PO1 .$ 0.00 $ 0.00 0.00000000%
Class 5-PO2 .$ 0.00 $ 0.00 0.00000000%
Class 5-M....$ 45,791.31 $ 0.00 7.50000039%
Class 5-B1...$ 30,527.54 $ 0.00 7.50000038%
Class 5-B2...$ 22,895.66 $ 0.00 7.50000100%
Class 5-B3...$ 15,263.77 $ 0.00 7.50000040%
Class 5-B4...$ 4,579.13 $ 0.00 7.49999980%
Class 5-B5...$ 10,684.70 $ 0.00 7.50003597%
Class 5-S1...$ 48,397.74 $ 0.00 0.45371400%
Class 5-S2...$ 87,439.94 $ 0.00 0.33316500%
Class 5-R....$ 0.00 $ 0.00 0.00000000%
16. Principal distributable:
Class 5-A1.....$ 688,583.40
Class 5-A2.....$ 0.00
Class 5-A3.....$ 0.00
Class 5-A4.....$ 0.00
Class 5-A5.....$ 6,806.03
Class 5-A6.....$ 5,927,367.04
Class 5-A7.....$ 0.00
Class 5-PO1....$ 94.31
Class 5-PO2....$ 514.59
Class 5-M......$ 5,033.78
Class 5-B1.....$ 3,355.85
Class 5-B2.....$ 2,516.89
Class 5-B3.....$ 1,677.93
Class 5-B4.....$ 503.38
Class 5-B5.....$ 1,174.59
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-S1 Certificates:..... 0.453714%
Class 5-S2 Certificates:..... 0.333165%
<PAGE>
19. Accrual Amount A7 Certificates:................$ 0.00
B. Other Amounts:
1. Senior Percentage for such Distribution Date: ............ 95.601723%
2. Category A-Senior Percentage for such Distribution Date: . 10.038181%
3. Category B-Senior Percentage for such Distribution Date: . 85.563542%
4. Category A-Percentage for such Distribution Date: ........ 10.500000%
5. Category B-Percentage for such Distribution Date: ........ 89.500000%
6. Group I Senior Percentage for such Distribution Date: .... 50.876432%
7. Category A-Group I Senior Percentage for such
Distribution Date: ....................................... 7.939317%
8. Category B-Group I Senior Percentage for such
Distribution Date: ....................................... 42.937115%
9. Group II Senior Percentage for such Distribution Date: ... 44.725291%
10. Category A-Group II Senior Percentage for such
Distribution Date: ....................................... 2.098864%
11. Category B-Group II Senior Percentage for such
Distribution Date: ....................................... 42.626427%
12. Category B-Group I Scheduled Distribution Percentage:.. 85.563542%
13. Category B-Group II Scheduled Distribution Percentage:.. 0.000000%
14. Senior Prepayment Percentage for such Distribution Date: 100.000000%
15. Category A-Senior Prepayment Percentage
for such Distribution Date: ............................ 10.500000%
16. Category B-Senior Prepayment Percentage
for such Distribution Date: ............................ 89.500000%
17. Group I Senior Prepayment Percentage for such
Distribution Date: ..................................... 100.000000%
<PAGE>
18. Category A-Group I Senior Prepayment Percentage for such
Distribution Date: ..................................... 10.500000%
19. Category B-Group I Senior Prepayment Percentage for such
Distribution Date: ..................................... 89.500000%
20. Group II Senior Prepayment Percentage for such
Distribution Date: ..................................... 0.000000%
21. Category A-Group II Senior Prepayment Percentage for such
Distribution Date: ...................................... 0.000000%
22. Category B-Group II Senior Prepayment Percentage for such
Distribution Date: ...................................... 0.000000%
23. Junior Percentage for such Distribution Date: ........... 4.398277%
24. Junior Prepayment Percentage for such Distribution Date: 0.000000%
25. Subordinate Certificate Writedown Amount for such
Distribution Date: ......................................$ 0.00
26. 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
27. Category B Trigger satisfied:
YES NO
--- --
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
---------------------------------------
Name: Karen Pickett
Title: Vice-President,
Investor Operations
Exhibit 99.12
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
OCTOBER 1997
REMIC Multi-Class Pass-Through Certificates
Series 1997-5
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1997
(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
$1,000:
i) The amount of such distribution allocable to principal:
Class 5-A1....$ 22.07737952 Class 5-M....$ 0.68520448
Class 5-A2....$ 0.00000000 Class 5-B1...$ 0.68520380
Class 5-A3....$ 0.00000000 Class 5-B2...$ 0.68520438
Class 5-A4....$ 0.00000000 Class 5-B3...$ 0.68520584
Class 5-A5....$ 0.68520477 Class 5-B4...$ 0.68520729
Class 5-A6....$ 28.57234547 Class 5-B5...$ 0.68522794
Class 5-A7....$ 0.00000000 Class 5-R....$ 0.00000000
Class 5-PO1...$ 0.69539978
Class 5-PO2...$ 1.02992571
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....$ 21.04234197 Class 5-M....$ 0.00000000
Class 5-A2....$ 0.00000000 Class 5-B1...$ 0.00000000
Class 5-A3....$ 0.00000000 Class 5-B2...$ 0.00000000
Class 5-A4....$ 0.00000000 Class 5-B3...$ 0.00000000
Class 5-A5....$ 0.65308082 Class 5-B4...$ 0.00000000
Class 5-A6....$ 27.23280921 Class 5-B5...$ 0.00000000
Class 5-A7....$ 0.00000000 Class 5-R....$ 0.00000000
Class 5-PO1...$ 0.66279786
Class 5-PO2...$ 0.98164046
<PAGE>
iii) The amount of such distribution to the Certificateholders of each
class, allocable to Interest:
Class 5-A1....$ 5.89571011 Class 5-B1...$ 6.23317082
Class 5-A2....$ 6.25000000 Class 5-B2...$ 6.23317133
Class 5-A3....$ 6.25000000 Class 5-B3...$ 6.23317082
Class 5-A4....$ 6.25000000 Class 5-B4...$ 6.23317031
Class 5-A5....$ 6.23317035 Class 5-B5...$ 6.23320048
Class 5-A6....$ 6.10541442 Class 5-R....$ 0.00000000
Class 5-A7....$ 0.00000000 Class 5-S1...$ 0.48597349
Class 5-M.....$ 6.23317082 Class 5-S2...$ 0.87800572
iv) The amount of servicing compensation received by the Company during
the month preceding the month of distribution:.....$ 95,993.03
(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:.......$ 465,956,720.42
The aggregate number of Mortgage Loans included in the Scheduled
Principal Balance set forth above:................. 1,739
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.................$ 28,732,938.98 $ 921.24
Class 5-A2.................$ 201,185,712.00 $ 1,000.00
Class 5-A3.................$ 6,100,000.00 $ 1,000.00
Class 5-A4.................$ 1,950,000.00 $ 1,000.00
Class 5-A5.................$ 9,899,288.61 $ 996.62
Class 5-A6.................$ 196,724,709.22 $ 948.29
Class 5-A7.................$ 0.00 $ 0.00
Class 5-PO1................$ 122,592.15 $ 903.94
Class 5-PO2................$ 497,013.71 $ 994.75
Class 5-M..................$ 7,321,575.44 $ 996.62
Class 5-B1.................$ 4,881,050.30 $ 996.62
Class 5-B2.................$ 3,660,788.22 $ 996.62
Class 5-B3.................$ 2,440,525.14 $ 996.62
Class 5-B4.................$ 732,157.44 $ 996.62
<PAGE>
Class 5-B5.................$ 1,708,369.21 $ 996.62
Class 5-R..................$ 0.00 $ 0.00
Class 5-S1.................$ 126,301,583.87 $ 947.12
Class 5-S2.................$ 310,033,652.25 $ 950.57
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.......................................$ 0.00
unpaid principal balance.........................$ 0.00
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 * 54 Principal Balance $* 14,321,711.72
(2) 60-89 days
Number 5 Principal Balance $ 1,395,115.83
(3) 90 days or more
Number 1 Principal Balance $ 314,351.67
(b) in foreclosure
Number 1 Principal Balance $ 274,333.71
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-S1: ........................ 0.453714%
Class 5-S2: ........................ 0.333165%
1. Senior Percentage for such Distribution Date:....... 95.60172300%
2. Category A-Senior Percentage for such Distribution
Date: .............................................. 10.03818100%
3. Category B-Senior Percentage for such Distribution
Date: .............................................. 85.56354200%
4. Category A-Percentage for such Distribution Date: .. 10.50000000%
<PAGE>
5. Category B-Percentage for such Distribution Date: .. 89.50000000%
6. Group I Senior Percentage for such Distribution
Date: .............................................. 50.87643200%
7. Category A-Group I Senior Percentage for such
Distribution Date: ................................. 7.93931700%
8. Category B-Group I Senior Percentage for such
Distribution Date: ................................. 42.93711500%
9. Group II Senior Percentage for such Distribution
Date: .............................................. 44.72529100%
10. Category A-Group II Senior Percentage for such
Distribution Date: ................................. 2.09886400%
11. Category B-Group II Senior Percentage for such
Distribution Date: ................................. 42.62642700%
12. Category B-Group I Scheduled Distribution
Percentage:......................................... 85.56354200%
13. Category B-Group II Scheduled Distribution
Percentage:......................................... 0.00000000%
14. Senior Prepayment Percentage for such Distribution
Date: ..............................................100.00000000%
15. Category A-Senior Prepayment Percentage for such
Distribution Date: ................................. 10.50000000%
16. Category B-Senior Prepayment Percentage for such
Distribution Date: ................................. 89.50000000%
17. Group I Senior Prepayment Percentage for such
Distribution Date: .................................100.00000000%
18. Category A-Group I Senior Prepayment Percentage for
such Distribution Date: ............................ 10.50000000%
19. Category B-Group I Senior Prepayment Percentage for such
Distribution Date: ................................. 89.50000000%
20. Group II Senior Prepayment Percentage for such
Distribution Date: ................................. 0.00000000%
21. Category A-Group II Senior Prepayment Percentage for such
Distribution Date: ................................. 0.00000000%
22. Category B-Group II Senior Prepayment Percentage for such
Distribution Date: ................................. 0.00000000%
23. Junior Percentage for such Distribution Date: ...... 4.39827700%
<PAGE>
24. Junior Prepayment Percentage for such Distribution
Date: .............................................. 0.00000000%
25. Subordinate Certificate Writedown Amount for such
Distribution Date: ................................. $ 0.00
* Due to a large servicing transfer in September 1997, the number of
Mortgage Loans 30-59 days delinquent may be inflated due to borrowers sending
monthly paymnets to the wrong location or delays by the Company loading 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
after transfer. However, the Company makes no assurances as to the level of
delinquent Mortgage Loans for future Distribution Dates.
Exhibit 99.13
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
OCTOBER 1997
REMIC Multi-Class Pass-Through Certificates
Series 1997-6
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1997
(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 ..............................$ 264,742.60
(b) Interest ...............................$ 2,580,628.00
(c) Total ..................................$ 2,845,370.60
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal ..............................$ 264,742.60
(b) Interest ...............................$ 2,504,403.34
(c) Total ..................................$ 2,769,145.94
3. Aggregate Principal Prepayments in part received and applied in prior
month: ......................................$ 87,796.16
4. Aggregate Principal Prepayments in full received in prior month:
(a) Principal ..............................$ 4,911,103.38
(b) Interest ...............................$ 28,588.79
(c) Total ..................................$ 4,939,692.17
<PAGE>
5. Aggregate Insurance Proceeds (including 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 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: ............$ 381,099,632.02
10. Available Funds: ............................$ 7,796,634.27
11. Realized Losses for prior month: .............$ 0.00
12. Aggregate Realized Losses and Debt Service Reductions:
(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: ...............$ 4,689.47
<PAGE>
14. Accrued Certificate Interest, Unpaid Class Interest
Shortfalls and Pay-out Rate:
Class 6-A1.......$ 326,850.24 $ 66.85 7.49846634%
Class 6-A2.......$ 169,665.30 $ 34.70 7.49846641%
Class 6-A3.......$ 50,083.51 $ 10.24 7.49846687%
Class 6-A4.......$ 355,461.19 $ 72.70 7.49846629%
Class 6-A5.......$ 37,499.24 $ 7.67 7.49846703%
Class 6-A6.......$ 248,474.36 $ 50.82 7.49846646%
Class 6-A7 ......$ 12,041.29 $ 2.46 7.49846809%
Class 6-A8 ......$ 123,557.06 $ 25.27 7.49846614%
Class 6-A9 ......$ 23,001.33 $ 4.70 7.49846739%
Class 6-A10 .....$ 61,526.15 $ 12.58 7.49846667%
Class 6-A11 .....$ 0.00 $ 0.00 0.00000000%
Component A11A ..$ 0.00 $ 0.00 0.00000000%
Component A11B ..$ 0.00 $ 0.00 0.00000000%
Class 6-A12 .....$ 365.38 $ 0.07 7.49857111%
Class 6-A13 .....$ 89,387.97 $ 18.28 7.49846655%
Class 6-A14 .....$ 0.00 $ 0.17 0.00000000%
Class 6-A15 .....$ 55,006.71 $ 11.25 7.49846607%
Class 6-A16 .....$ 141,063.83 $ 28.85 7.14853807%
Class 6-A17 .....$ 471,612.66 $ 96.46 7.24851737%
Class 6-A18 .....$ 139,006.21 $ 28.43 8.99815959%
Class 6-PO ......$ 0.00 $ 0.00 0.00000000%
Class 6-M........$ 37,494.26 $ 7.67 7.49846538%
Class 6-B1.......$ 24,996.18 $ 5.11 7.49846800%
Class 6-B2.......$ 18,747.13 $ 3.83 7.49846663%
Class 6-B3.......$ 12,498.04 $ 2.56 7.49843985%
Class 6-B4.......$ 3,749.37 $ 0.77 7.49835958%
Class 6-B5.......$ 8,748.70 $ 1.79 7.49847298%
Class 6-S........$ 121,302.91 $ 24.10 0.39614828%
Class 6-R........$ 0.00 $ 0.00 0.00000000%
15. Accrual Amount:
Class A11A Component................... $ 0.00
Class A11B Component................... $ 0.00
Class A14 Component.................... $ 853.13
16. Principal distributable:
Class 6-A1.......$ 1,129,807.56 Class 6-A14.....$ 0.00
Class 6-A2.......$ 0.00 Class 6-A15.....$ 0.00
Class 6-A3.......$ 0.00 Class 6-A16.....$ 511,477.52
Class 6-A4.......$ 38,970.33 Class 6-A17.....$ 1,686,414.72
Class 6-A5.......$ 0.00 Class 6-A18.....$ 400,413.42
Class 6-A6.......$ 1,072,059.03 Class 6-PO......$ 366.90
Class 6-A7.......$ 0.00 Class 6-M.......$ 4,110.61
Class 6-A8.......$ 13,545.95 Class 6-B1......$ 2,740.41
<PAGE>
Class 6-A9.......$ 0.00 Class 6-B2......$ 2,055.31
Class 6-A10......$ 398,939.96 Class 6-B3......$ 1,370.20
Class 6-A11......$ 0.00 Class 6-B4......$ 411.06
Component-A11A...$ 0.00 Class 6-B5......$ 959.15
Component-A11B...$ 0.00 Class 6-R.......$ 0.00
Class 6-A12......$ 853.13
Class 6-A13......$ 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:.................... 0.396148%
B. Other Amounts:
1. Senior Percentage for such Distribution Date: ............. 95.595048%
2. Category A-Senior Percentage for such Distribution Date: .. 68.571973%
3. Category B-Senior Percentage for such Distribution Date: .. 19.761196%
4. Category C-Senior Percentage for such Distribution Date: .. 7.261878%
5. Category A-Percentage for such Distribution Date: ......... 71.731722%
6. Category B-Percentage for such Distribution Date: ......... 20.671778%
7. Category C-Percentage for such Distribution Date: ......... 7.596500%
8. Group I Senior Percentage for such Distribution Date: ..... 71.975723%
9. Category A-Group I Senior Percentage for such
Distribution Date: ........................................ 53.832878%
10. Category B-Group I Senior Percentage for such
Distribution Date: ........................................ 14.637938%
11. Category C-Group I Senior Percentage for such
Distribution Date: ........................................ 3.504907%
12. Category C-Group I Scheduled Distribution Percentage for such
Distribution Date: ........................................ 7.261878%
13. Group II Senior Percentage for such Distribution Date: .... 23.619325%
<PAGE>
14. Category A-Group II Senior Percentage for such
Distribution Date: ........................................ 14.739095%
15. Category B-Group II Senior Percentage for such
Distribution Date: ........................................ 5.123258%
16. Category C-Group II Senior Percentage for such
Distribution Date: ........................................ 3.756971%
17. Category C-Group II Scheduled Distribution Percentage
for such Distribution Date: ............................... 0.000000%
18. Senior Prepayment Percentage for such Distribution Date: ..100.000000%
19. Category A-Senior Prepayment Percentage for such
Distribution Date: ........................................ 71.731722%
20. Category B-Senior Prepayment Percentage for such
Distribution Date: ........................................ 20.671778%
21. Category C-Senior Prepayment Percentage for such
Distribution Date: ........................................ 7.596500%
22. Group I Senior Prepayment Percentage for such
Distribution Date: ........................................100.000000%
23. Category A-Group I Senior Prepayment Percentage for such
Distribution Date: ........................................ 71.731722%
24. Category B-Group I Senior Prepayment Percentage for such
Distribution Date: ........................................ 20.671778%
25. Category C-Group I Senior Prepayment Percentage for such
Distribution Date: ........................................ 7.596500%
26. Group II Senior Prepayment Percentage for such
Distribution Date: ........................................ 0.000000%
27. Category A-Group II Senior Prepayment Percentage for such
Distribution Date: ........................................ 0.000000%
28. Category B-Group II Senior Prepayment Percentage for such
Distribution Date: ........................................ 0.000000%
29. Category C-Group II Senior Prepayment Percentage for such
Distribution Date: ........................................ 0.000000%
30. Junior Percentage for such Distribution Date: ............. 4.404952%
31. Junior Prepayment Percentage for such Distribution Date: .. 0.000000%
<PAGE>
32. Subordinate Certificate Writedown Amount for such
Distribution Date: ........................................$ 0.00
33. 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
----------------------------------
Name: Karen Pickett
Title: Vice-President,
Investor Operations
Exhibit 99.14
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
OCTOBER 1997
REMIC Multi-Class Pass-Through Certificates
Series 1997-6
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1997
(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
$1,000:
i) The amount of such distribution allocable to principal:
Class 6-A1......$ 20.39082257 Class 6-A13.....$ 0.00000000
Class 6-A2......$ 0.00000000 Class 6-A14.....$ 0.00000000
Class 6-A3......$ 0.00000000 Class 6-A15.....$ 0.00000000
Class 6-A4......$ 0.68369000 Class 6-A16.....$ 20.39082254
Class 6-A5......$ 0.00000000 Class 6-A17.....$ 20.39082254
Class 6-A6......$ 26.38848215 Class 6-A18.....$ 20.39082254
Class 6-A7......$ 0.00000000 Class 6-PO......$ 0.87703715
Class 6-A8......$ 0.68369000 Class 6-M.......$ 0.68368928
Class 6-A9......$ 0.00000000 Class 6-B1......$ 0.68369017
Class 6-A10.....$ 37.48744804 Class 6-B2......$ 0.68369106
Class 6-A11.....$ 0.00000000 Class 6-B3......$ 0.68368784
Component A11A..$ 0.00000000 Class 6-B4......$ 0.68368818
Component A11B..$ 0.00000000 Class 6-B5......$ 0.68369236
Class 6-A12.....$ 13.98573770 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......$ 19.40818029 Class 6-A14.....$ 0.00000000
Class 6-A2......$ 0.00000000 Class 6-A15.....$ 0.00000000
Class 6-A3......$ 0.00000000 Class 6-A16.....$ 19.40818026
Class 6-A4......$ 0.65074269 Class 6-A17.....$ 19.40818026
<PAGE>
Class 6-A5......$ 0.00000000 Class 6-A18.....$ 19.40818026
Class 6-A6......$ 25.11681014 Class 6-PO......$ 0.83477236
Class 6-A7......$ 0.00000000 Class 6-M.......$ 0.00000000
Class 6-A8......$ 0.65074269 Class 6-B1......$ 0.00000000
Class 6-A9......$ 0.00000000 Class 6-B2......$ 0.00000000
Class 6-A10.....$ 35.68091222 Class 6-B3......$ 0.00000000
Class 6-A11.....$ 0.00000000 Class 6-B4......$ 0.00000000
Component A11A..$ 0.00000000 Class 6-B5......$ 0.00000000
Component A11B..$ 0.00000000 Class 6-R.......$ 0.00000000
Class 6-A12.....$ 13.31175914
Class 6-A13.....$ 0.00000000
iii) The amount of such distribution to the Certificateholders of each
class, allocable to Interest:
Class 6-A1......$ 5.89900925 Class 6-A15.....$ 6.24872172
Class 6-A2......$ 6.24872201 Class 6-A16.....$ 5.62372228
Class 6-A3......$ 6.24872240 Class 6-A17.....$ 5.70237555
Class 6-A4......$ 6.23616123 Class 6-A18.....$ 7.07881110
Class 6-A5......$ 6.24872253 Class 6-M.......$ 6.23616047
Class 6-A6......$ 6.11613823 Class 6-B1......$ 6.23616265
Class 6-A7......$ 6.24872340 Class 6-B2......$ 6.23616150
Class 6-A8......$ 6.23616111 Class 6-B3......$ 6.23613925
Class 6-A9......$ 6.24872282 Class 6-B4......$ 6.23607251
Class 6-A10.....$ 5.78146734 Class 6-B5......$ 6.23616679
Class 6-A11.....$ 0.00000000 Class 6-R.......$ 0.00000000
Component A11A..$ 0.00000000 Class 6-S.......$ 0.60526410
Component A11B..$ 0.00000000
Class 6-A12.....$ 5.98983607
Class 6-A13.....$ 6.24872213
Class 6-A14.....$ 0.00000000
iv) Accrual Amount:
Class A11A Component............ $ 0.00
Class A11B Component............ $ 0.00
Class A14 Component............. $ 853.13
v) The amount of servicing compensation received by the Company during
the month preceding the month of distribution:.........$ 80,527.67
(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:...........$381,099,632.02
<PAGE>
The aggregate number of Mortgage Loans included in the Scheduled
Principal Balance set forth above:..................... 1,289
vii) The Class Certificate Principal Balance of each Class and the
Certificate Principal Balance of a Single Certificate of each Class
after giving effect to (i) all distributions allocable to principal
made on such Distribution Date and (ii) the allocation of any Realized
Losses and any Subordinate Writedown Certificate Amount for such
Distribution Date:
Class Certificate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 6-A1...................$ 51,176,926.97 $ 923.64
Class 6-A2...................$ 27,152,000.00 $ 1,000.00
Class 6-A3...................$ 8,015,000.00 $ 1,000.00
Class 6-A4...................$ 56,846,452.84 $ 997.31
Class 6-A5...................$ 6,001,105.00 $ 1,000.00
Class 6-A6...................$ 38,691,969.20 $ 952.39
Class 6-A7...................$ 1,927,000.00 $ 1,000.00
Class 6-A8...................$ 19,759,627.55 $ 997.31
Class 6-A9...................$ 3,680,965.00 $ 1,000.00
Class 6-A10..................$ 9,447,257.04 $ 887.74
Class 6-A11..................$ 0.00 $ 0.00
Component A11A...............$ 0.00 $ 0.00
Component A11B...............$ 0.00 $ 0.00
Class 6-A12..................$ 57,618.81 $ 944.57
Class 6-A13..................$ 14,305,000.00 $ 1,000.00
Class 6-A14..................$ 137,381.19 $ 1,025.23
Class 6-A15..................$ 8,802,874.00 $ 1,000.00
Class 6-A16..................$ 23,168,412.61 $ 923.64
Class 6-A17..................$ 76,389,578.32 $ 923.64
Class 6-A18..................$ 18,137,538.74 $ 923.64
Class 6-PO...................$ 413,692.09 $ 988.89
Class 6-M....................$ 5,996,198.75 $ 997.31
Class 6-B1...................$ 3,997,465.50 $ 997.31
Class 6-B2...................$ 2,998,098.87 $ 997.31
Class 6-B3...................$ 1,998,732.26 $ 997.31
Class 6-B4...................$ 599,619.38 $ 997.31
Class 6-B5...................$ 1,399,117.90 $ 997.31
Class 6-R....................$ 0.00 $ 0.00
Class 6-S....................$ 362,199,113.80 $ 949.21
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........................................$ 0.00
unpaid principal balance..........................$ 0.00
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 9 Principal Balance $ 2,407,152.50
(2) 60-89 days
Number 1 Principal Balance $ 226,363.12
(3) 90 days or more
Number 0 Principal Balance $ 0.00
(b) in foreclosure
Number 1 Principal Balance $ 240,000.00
x) The Scheduled Principal Balance of any Mortgage Loan and number of
replaced pursuant to Section 2.03(b), and of any Modified Mortgage
Loan purchased pursuant to Section 3.01(c):
$ 0.00 $ 0.00
xi) The Scheduled Principal Balance of any Mortgage Loan and number of any
Modified Mortgage Loan purchased pursuant to Section 3.01(c):
$ 0.00 $ 0.00
xii) The Certificate Interest Rates, applicable to the Interest Accrual
Period relating to such Distribution Date:
Class 6-S: ........................ 0.396148%
xiii)Senior Percentage for such Distribution Date: .......... 95.59504800%
xiv) Category A-Senior Percentage for such Distribution Date: 68.57197300%
xv) Category B-Senior Percentage for such Distribution Date: 19.76119600%
xvi) Category C-Senior Percentage for such Distribution Date: 7.26187800%
xvii)Category A-Percentage for such Distribution Date: ...... 71.73172200%
xviii)Category B-Percentage for such Distribution Date: ..... 20.67177800%
xix) Category C-Percentage for such Distribution Date: ...... 7.59650000%
xx) Group I Senior Percentage for such Distribution Date: .. 71.97572300%
xxi) Category A-Group I Senior Percentage for such
Distribution Date: ..................................... 53.83287800%
<PAGE>
xxii)Category B-Group I Senior Percentage for such
Distribution Date: ..................................... 14.63793800%
xxiii) Category C-Group I Senior Percentage for such
Distribution Date: ..................................... 3.50490700%
xxiv) Category C-Group I Scheduled Distribution Percentage
for such Distribution Date: ............................ 7.26187800%
xxv) Group II Senior Percentage for such Distribution Date: . 23.61932500%
xxvi) Category A-Group II Senior Percentage for such
Distribution Date: ..................................... 14.73909500%
xxvii)Category B-Group II Senior Percentage for such
Distribution Date: ..................................... 5.12325800%
xxviii) Category C-Group II Senior Percentage for such
Distribution Date: ..................................... 3.75697100%
xxix) Category C-Group II Scheduled Distribution Percentage
for such Distribution Date: ............................ 0.00000000%
xxx) Senior Prepayment Percentage for such Distribution Date:100.00000000%
xxxi) Category A-Senior Prepayment Percentage for such
Distribution Date: ..................................... 71.73172200%
xxxii) Category B-Senior Prepayment Percentage for such
Distribution Date: ..................................... 20.67177800%
xxxiii) Category C-Senior Prepayment Percentage for such
Distribution Date: ..................................... 7.59650000%
xxxiv) Group I Senior Prepayment Percentage for such
Distribution Date: .....................................100.00000000%
xxxv) Category A-Group I Senior Prepayment Percentage for such
Distribution Date: ..................................... 71.73172200%
xxxvi) Category B-Group I Senior Prepayment Percentage for such
Distribution Date: ..................................... 20.67177800%
xxxvii) Category C-Group I Senior Prepayment Percentage for such
Distribution Date: ..................................... 7.59650000%
xxxviii) Group II Senior Prepayment Percentage for such
Distribution Date: ..................................... 0.00000000%
xxxix) Category A-Group II Senior Prepayment Percentage for such
Distribution Date: ..................................... 0.00000000%
xxxx) Category B-Group II Senior Prepayment Percentage for such
Distribution Date: ..................................... 0.00000000%
<PAGE>
xxxxi) Category C-Group II Senior Prepayment Percentage for such
Distribution Date: ..................................... 0.00000000%
xxxxii) Junior Percentage for such Distribution Date: ....... 4.40495200%
xxxxiii) Junior Prepayment Percentage for such Distribution
Date: .................................................. 0.00000000%
Exhibit 99.15
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
OCTOBER 1997
Home Equity Loan Pass-Through Certificates
Series 1997-HE2
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1997
(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: $ 2,278,745.17
(2) Aggregate Monthly Payments received and Monthly Advances made this
Month:
(a) Principal $ 304,814.44
(b) Interest $ 1,950,578.44
(c) Total $ 2,255,392.88
(3) Aggregate Principal Prepayments in part received on Self- Amortizing
Mortgage Loans and applied in the applicable Prepayment Period:
(a) Principal $ 34,536.80
(c) Total $ 34,536.80
(4) Aggregate Principal Prepayments in full received in the applicable
Prepayment period:
(a) Principal $ 1,515,675.74
(b) Interest $ 17,270.53
(c) Total $ 1,532,946.27
<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 $ 0.00
(b) Interest $ 0.00
(c) Total $ 0.00
(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 Document Deficiencies per Sec. 2.02:
(a) Principal $ 0.00
(b) Interest $ 0.00
(c) Total $ 0.00
(10) Pool Principal Balance: $ 240,507,825.04
(11) Available Funds: $ 3,710,032.97
<PAGE>
(12) Realized Losses for prior month: $ 0.00
(13) Aggregate Realized Losses: $ 0.00
(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
(14) Compensating Interest Payment: $ 1,345.29
(15) Net Simple Interest Shortfall: $ 0.00
(16) Net Simple Interest Excess: $ 0.00
(17) Simple Interest Shortfall Payment: $ 0.00
(18) Unpaid Net Simple Interest Shortfall:
Class A1 36157RAA3 $ 0.00
Class A2 36157RAB1 $ 0.00
Class A3 36157RAC9 $ 0.00
Class A4 36157RAD7 $ 0.00
Class A5 36157RAE5 $ 0.00
Class A6 36157RAF2 $ 0.00
Class A7 36157RAG0 $ 0.00
Class S 36197HE2S $ 0.00
Class M 36157RAH8 $ 0.00
Class B1 36157RAJ4 $ 0.00
Class B2 36157RAK1 $ 0.00
Class B3 36157RAL9 $ 0.00
Class B4 36157RAM7 $ 0.00
Class B5 36157RAN5 $ 0.00
<PAGE>
(19) Class Certificate Interest Rate:
Class M 36157RAH8 7.410%
Class B1 36157RAJ4 7.585%
Class B2 36157RAK1 7.925%
Class B3 36157RAL9 9.255%
Class B4 36157RAM7 9.255%
Class B5 36157RAN5 9.255%
Class S 36197HE2S 2.20%
(20) Accrued Certificate Interest and Pay-out Rate:
Class A1 36157RAA3 $ 353,589.77 6.740%
Class A2 36157RAB1 $ 236,637.08 6.745%
Class A3 36157RAC9 $ 125,259.17 6.895%
Class A4 36157RAD7 $ 178,770.00 7.080%
Class A5 36157RAE5 $ 82,028.75 7.185%
Class A6 36157RAF2 $ 169,316.94 7.485%
Class A7 36157RAG0 $ 133,072.80 7.120%
Class S 36197HE2S $ 441,299.33 2.20%
Class M 36157RAH8 $ 37,571.74 7.410%
Class B1 36157RAJ4 $ 38,459.06 7.585%
Class B2 36157RAK1 $ 12,057.53 7.925%
Class B3 36157RAL9 $ 18,773.10 9.255%
Class B4 36157RAM7 $ 14,081.74 9.255%
Class B5 36157RAN5 $ 14,088.97 9.255%
Total $ 1,855,005.99
(21) Principal distributable:
Class A1 36157RAA3 $ 1,829,576.55
Class A2 36157RAB1 $ 0.00
Class A3 36157RAC9 $ 0.00
Class A4 36157RAD7 $ 0.00
Class A5 36157RAE5 $ 0.00
Class A6 36157RAF2 $ 0.00
Class A7 36157RAG0 $ 0.00
Class M 36157RAH8 $ 7,711.36
Class B1 36157RAJ4 $ 7,711.36
Class B2 36157RAK1 $ 2,313.91
Class B3 36157RAL9 $ 3,084.79
Class B4 36157RAM7 $ 2,313.91
Class B5 36157RAN5 $ 2,315.10
Class R1 36157RAP0 $ 0.00
Class R2 36157RAQ8 $ 0.00
Total $ 1,855,026.98
<PAGE>
(22) Additional distributions to the Class R1 Certificate pursuant to
Section 2.05 (d) : $ 0.00
(23) Additional distributions to the Class R2 Certificate pursuant to
Section 4.01 (b) : $ 0.00
B. Other Amounts:
(1) Senior Percentage for such Distribution Date: 91.650518%
(2) Senior Prepayment Percentage for such Distribution Date: 100.000000%
(3) Junior Percentage for such Distribution Date: 8.349482%
(4) Junior Prepayment Percentage for such Distribution Date: 0.000000%
(5) Subordinate Certfificate Writedown Amount for such
Distribution Date: 0.000000%
(6) Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class B1 X
Class B2 X
Class B3 X
Class B4 X
Class 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
----------------------------------------
Name: Karen Pickett
Title: Vice President,
Investor Operations
Exhibit 99.16
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
OCTOBER 1997
Home Equity Loan Pass-Through Certificates
Series 1997-HE2
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1997
(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 36157RAA3 $ 27.38887057
Class A2 36157RAB1 $ 0.00
Class A3 36157RAC9 $ 0.00
Class A4 36157RAD7 $ 0.00
Class A5 36157RAE5 $ 0.00
Class A6 36157RAF2 $ 0.00
Class A7 36157RAG0 $ 0.00
Class M 36157RAH8 $ 1.26167459
Class B1 36157RAJ4 $ 1.26167459
Class B2 36157RAK1 $ 1.26167459
Class B3 36157RAL9 $ 1.26167459
Class B4 36157RAM7 $ 1.26167459
Class B5 36157RAN5 $ 1.26167459
Class R1 36157RAP0 $ 0.00
Class R2 36157RAQ8 $ 0.00
<PAGE>
(2) Aggregate Principal prepayments included in distribution:
Class A1 36157RAA3 $ 1,550,212.54
Class A2 36157RAB1 $ 0.00
Class A3 36157RAC9 $ 0.00
Class A4 36157RAD7 $ 0.00
Class A5 36157RAE5 $ 0.00
Class A6 36157RAF2 $ 0.00
Class A7 36157RAG0 $ 0.00
Class M 36157RAH8 $ 0.00
Class B1 36157RAJ4 $ 0.00
Class B2 36157RAK1 $ 0.00
Class B3 36157RAL9 $ 0.00
Class B4 36157RAM7 $ 0.00
Class B5 36157RAN5 $ 0.00
Class R1 36157RAP0 $ 0.00
Class R2 36157RAQ8 $ 0.00
(3) Amount of distribution allocable to interest Pay-out Rate:
Class A1 36157RAA3 $ 5.29326002 6.740%
Class A2 36157RAB1 $ 5.62083333 6.745%
Class A3 36157RAC9 $ 5.74583333 6.895%
Class A4 36157RAD7 $ 5.90000000 7.080%
Class A5 36157RAE5 $ 5.98750000 7.185%
Class A6 36157RAF2 $ 6.23750000 7.485%
Class A7 36157RAG0 $ 5.93333333 7.120%
Class S 36197HE2S $ 1.83486473 2.20%
Class M 36157RAH8 $ 6.14720920 7.410%
Class B1 36157RAJ4 $ 6.29238621 7.585%
Class B2 36157RAK1 $ 6.57444439 7.925%
Class B3 36157RAL9 $ 7.67815962 9.255%
Class B4 36157RAM7 $ 7.67815962 9.255%
Class B5 36157RAN5 $ 7.67815962 9.255%
(4) Servicing Compensation: $ 110,271.79
The amounts below are for the aggregate of all Certificates:
(5) Pool Principal Balance; $ 240,507,825.04
number of Mortgage Loans: 3,394
<PAGE>
(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 36157RAA3 $ 61,124,091.56 $ 915.03131083
Class A2 36157RAB1 $ 42,100,000.00 $ 1,000.00000000
Class A3 36157RAC9 $ 21,800,000.00 $ 1,000.00000000
Class A4 36157RAD7 $ 30,300,000.00 $ 1,000.00000000
Class A5 36157RAE5 $ 13,700,000.00 $ 1,000.00000000
Class A6 36157RAF2 $ 27,145,000.00 $ 1,000.00000000
Class A7 36157RAG0 $ 22,428,000.00 $ 1,000.00000000
Class M 36157RAH8 $ 6,076,781.38 $ 994.23779094
Class B1 36157RAJ4 $ 6,076,781.38 $ 994.23779094
Class B2 36157RAK1 $ 1,823,432.11 $ 994.23779094
Class B3 36157RAL9 $ 2,430,911.40 $ 994.23779094
Class B4 36157RAM7 $ 1,823,432.11 $ 994.23779094
Class B5 36157RAN5 $ 1,824,368.12 $ 994.23779094
Class R1 36157RAP0 $ 0.00 $ 0.00000000
Class R2 36157RAQ8 $ 0.00 $ 0.00000000
(7) Book value of real estate acquired on behalf of Certificate-
holders; $ 0.00
number of related Mortgage Loans: 0
(8) Aggregate Scheduled Principal Balance and number of delinquent
Mortgage Loans:
One Payment Delinquent $ 3,596,336.48
56
Two Payments Delinquent $ 1,085,592.66
11
Three or more Payments Delinquent $ 497,766.82
6
TOTAL $ 5,179,695.96
73
In foreclosure $ 0
0
<PAGE>
(9) Aggregate Scheduled Principal Balance and number of replaced Mortgage
Loans: $ 0.00
0
(10) Unpaid Net Simple Interest Shortfall:
Class A1 36157RAA3 $ 0.00
Class A2 36157RAB1 $ 0.00
Class A3 36157RAC9 $ 0.00
Class A4 36157RAD7 $ 0.00
Class A5 36157RAE5 $ 0.00
Class A6 36157RAF2 $ 0.00
Class A7 36157RAG0 $ 0.00
Class S 36197HE2S $ 0.00
Class M 36157RAH8 $ 0.00
Class B1 36157RAJ4 $ 0.00
Class B2 36157RAK1 $ 0.00
Class B3 36157RAL9 $ 0.00
Class B4 36157RAM7 $ 0.00
Class B5 36157RAN5 $ 0.00
(11) Class Certificate Interest Rate of:
Class M 36157RAH8 7.410%
Class B1 36157RAJ4 7.585%
Class B2 36157RAK1 7.925%
Class B3 36157RAL9 9.255%
Class B4 36157RAM7 9.255%
Class B5 36157RAN5 9.255%
Class S 36197HE2S 2.20%
(12) Senior Percentage for such Distribution Date: 91.650518%
(13) Senior Prepayment Percentage for such Distribution Date: 100.000000%
<PAGE>
(14) Junior Percentage for such Distribution Date: 8.349482%
(15) Junior Prepayment Percentage for such Distribution Date: 0.000000%
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
---------------------------------------
Name: Karen Pickett
Title: Vice President,
Investor Operations
Exhibit 99.17
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
OCTOBER 1997
REMIC Multi-Class Pass-Through Certificates
Series 1997-7
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1997
(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 ..............................$ 228,961.34
(b) Interest ...............................$ 2,290,886.81
(c) Total ..................................$ 2,519,848.15
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal ..............................$ 228,961.34
(b) Interest ...............................$ 2,221,948.99
(c) Total ..................................$ 2,450,910.33
3. Aggregate Principal Prepayments in part received and applied in prior
month:........................................$ 58,581.08
4. Aggregate Principal Prepayments in full received in prior month:
(a) Principal ..............................$ 2,814,161.14
(b) Interest ...............................$ 16,346.27
(c) Total ..................................$ 2,830,507.41
<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: ...........$ 336,312,996.73
10. Available Funds: ............................$ 5,339,998.82
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: ...............$ 1,613.73
<PAGE>
15. Accrued Certificate Interest, Unpaid Class Interest Shortfalls and
Pay-out Rate:
Class 7-A1....$ 224,987.50 $ 0.00 8.99999989%
Class 7-A2....$ 32,378.15 $ 0.00 7.20000059%
Class 7-A3....$ 849,811.07 $ 0.00 7.14999999%
Class 7-A4....$ 96,270.08 $ 0.00 7.12500021%
Class 7-A5....$ 228,423.32 $ 0.00 8.00000017%
Class 7-A6....$ 71,426.62 $ 0.00 7.12499972%
Class 7-A7....$ 25,592.09 $ 0.00 7.50000005%
Class 7-A8....$ 17,250.00 $ 0.00 7.50000000%
Class 7-A9....$ 0.00 $ 0.00 0.00000000%
Class 7-A10...$ 66,666.67 $ 0.00 8.00000040%
Class 7-A11...$ 250,000.00 $ 0.00 7.50000000%
Class 7-A12...$ 120,833.33 $ 0.00 7.24999980%
Class 7-M.....$ 32,792.26 $ 0.00 7.49999931%
Class 7-B1....$ 21,861.51 $ 0.00 7.50000047%
Class 7-B2....$ 16,396.13 $ 0.00 7.50000074%
Class 7-B3....$ 10,930.75 $ 0.00 7.49999704%
Class 7-B4....$ 3,279.22 $ 0.00 7.49999843%
Class 7-B5....$ 7,651.53 $ 0.00 7.49998873%
Class 7-S.....$ 118,712.12 $ 0.00 0.43682000%
Class 7-R.....$ 0.00 $ 0.00 0.00000000%
16. Accrual Amount:
Class 7-A9.................... $ 43,032.91
17. Principal distributable:
Class 7-A1....$ 441,632.68 Class 7-A11...$ 0.00
Class 7-A2....$ 79,444.68 Class 7-A12...$ 0.00
Class 7-A3....$ 2,099,721.33 Class 7-PO....$ 248.50
Class 7-A4....$ 158,889.37 Class 7-M.....$ 3,538.69
Class 7-A5....$ 311,740.71 Class 7-B1....$ 2,359.13
Class 7-A6....$ 0.00 Class 7-B2....$ 1,769.34
Class 7-A7....$ 43,032.91 Class 7-B3....$ 1,179.56
Class 7-A8....$ 0.00 Class 7-B4....$ 353.87
Class 7-A9....$ 0.00 Class 7-B5....$ 825.70
Class 7-A10...$ 0.00 Class 7-R.....$ 0.00
18. Additional distributions to the Class 7-R Certificate
pursuant to Section 4.01(b): ....................$ 0.00
pursuant to Section 2.05(d): ....................$ 0.00
<PAGE>
19. Certificate Interest Rate of:
Class 7-S Certificates:.......... 0.436820%
B. Other Amounts:
1. Senior Percentage for such Distribution Date: .......... 95.616500%
2. Senior Prepayment Percentage for such Distribution Date: 100.000000%
3. Junior Percentage for such Distribution Date: .......... 4.383500%
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 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
-------------------------------------
Name: Karen Pickett
Title: Vice-President,
Investor Operations
Exhibit 99.18
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
OCTOBER 1997
REMIC Multi-Class Pass-Through Certificates
Series 1997-7
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1997
(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 $1,000:
i) The amount of such distribution allocable to principal:
Class 7-A1....$ 14.00103611 Class 7-A11...$ 0.00000000
Class 7-A2....$ 14.00103627 Class 7-A12...$ 0.00000000
Class 7-A3....$ 14.00104546 Class 7-PO....$ 0.88126283
Class 7-A4....$ 9.47485007 Class 7-M.....$ 0.67356162
Class 7-A5....$ 8.81775537 Class 7-B1....$ 0.67356257
Class 7-A6....$ 0.00000000 Class 7-B2....$ 0.67355984
Class 7-A7....$ 10.29495455 Class 7-B3....$ 0.67355971
Class 7-A8....$ 0.00000000 Class 7-B4....$ 0.67356468
Class 7-A9....$ 0.00000000 Class 7-B5....$ 0.67356506
Class 7-A10...$ 0.00000000 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....$ 13.00956216 Class 7-A8....$ 0.00000000
Class 7-A2....$ 13.00956231 Class 7-A9....$ 0.00000000
Class 7-A3....$ 13.00957085 Class 7-10....$ 0.00000000
Class 7-A4....$ 8.80389494 Class 7-11....$ 0.00000000
Class 7-A5....$ 8.19333196 Class 7-12....$ 0.00000000
Class 7-A6....$ 0.00000000 Class 7-PO....$ 0.81885680
Class 7-A7....$ 9.56592427 Class 7-M.....$ 0.00000000
<PAGE>
Class 7-B1....$ 0.00000000 Class 7-B4....$ 0.00000000
Class 7-B2....$ 0.00000000 Class 7-B5....$ 0.00000000
Class 7-B3....$ 0.00000000 Class 7-R.....$ 0.00000000
iii) The amount of such distribution to the Certificateholders of each
class, allocable to Interest; Pay-out Rate:
Class 7-A1....$ 7.13275592 Class 7-M.....$ 6.24174701
Class 7-A2....$ 5.70620528 Class 7-B1....$ 6.24174796
Class 7-A3....$ 5.66658216 Class 7-B2....$ 6.24174819
Class 7-A4....$ 5.74075267 Class 7-B3....$ 6.24174510
Class 7-A5....$ 6.46107772 Class 7-B4....$ 6.24174628
Class 7-A6....$ 5.93749977 Class 7-B5....$ 6.24173823
Class 7-A7....$ 6.12250957 Class 7-R.....$ 0.00000000
Class 7-A8....$ 6.25000000 Class 7-S.....$ 0.35234516
Class 7-A9....$ 0.00000000
Class 7-A10...$ 6.66666700
Class 7-A11...$ 6.25000000
Class 7-A12...$ 6.04166650
iv) Accrual Amount:
Class 7-A9........... $ 43,032.91
v) The amount of servicing compensation received by the Company during
the month preceding the month of distribution:......$ 0.20970488
(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:........$ 336,312,996.73
The aggregate number of Mortgage Loans included in the Scheduled
Principal Balance set forth above:.................. 1,189
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 7-A1........ $ 29,556,701.03 $ 937.03
Class 7-A2........ $ 5,316,913.21 $ 937.03
Class 7-A3........ $ 140,525,913.02 $ 937.03
Class 7-A4........ $ 16,055,018.36 $ 957.39
Class 7-A5........ $ 33,951,756.56 $ 960.34
<PAGE>
Class 7-A6........ $ 12,029,747.00 $ 1,000.00
Class 7-A7........ $ 4,051,701.46 $ 969.31
Class 7-A8........ $ 2,760,000.00 $ 1,000.00
Class 7-A9........ $ 6,928,298.54 $ 1,018.87
Class 7-A10....... $ 10,000,000.00 $ 1,000.00
Class 7-A11....... $ 40,000,000.00 $ 1,000.00
Class 7-A12....... $ 20,000,000.00 $ 1,000.00
Class 7-PO........ $ 281,147.20 $ 997.04
Class 7-M......... $ 5,243,223.39 $ 998.01
Class 7-B1........ $ 3,495,482.25 $ 998.01
Class 7-B2........ $ 2,621,611.20 $ 998.01
Class 7-B3........ $ 1,747,741.13 $ 998.01
Class 7-B4........ $ 524,321.44 $ 998.01
Class 7-B5........ $ 1,223,420.94 $ 998.01
Class 7-S......... $ 323,026,949.73 $ 958.76
Class 7-R......... $ 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...................................$ 0.00
unpaid principal balance.....................$ 0.00
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 11 Principal Balance $ 2,865,142.16
(2) 60-89 days
Number 2 Principal Balance $ 346,079.80
(3) 90 days or more
Number 0 Principal Balance $ 0.00
(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
<PAGE>
xi) The Senior Percentage for such Distribution Date:...... 95.616500%
The Junior Percentage for such Distribution Date:...... 4.383500%
xii) The Senior Prepayment Percentage for such Distribution
Date:.................................................. 100.000000%
The Junior Prepayment Percentage for such Distribution
Date:.................................................. 0.000000%
Exhibit 99.19
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
OCTOBER 1997
REMIC Multi-Class Pass-Through Certificates
Series 1997-8
Pursuant to the Pooling and Servicing Agreement dated as of September 1,
1997 (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 ..........................$ 351,097.68
(b) Interest ...........................$ 3,254,293.06
(c) Total ..............................$ 3,605,390.74
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal ..........................$ 351,097.68
(b) Interest ...........................$ 3,141,830.40
(c) Total ..............................$ 3,492,928.08
3. Aggregate Principal Prepayments in part received and applied in prior
month: ...................................$ 98,298.05
4. Aggregate Principal Prepayments in full received in prior month:
(a) Principal ..........................$ 2,793,284.61
(b) Interest ...........................$ 15,713.01
(c) Total ..............................$ 2,808,997.62
<PAGE>
5. Aggregate Insurance Proceeds (including 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 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 ..........................$ 310,487.34
(b) Interest ...........................$ 2,132.06
(c) Total ..............................$ 312,619.40
9. Pool Scheduled Principal Balance: .......$ 497,594,927.05
10. Available Funds: ........................$ 6,712,843.15
11. Realized Losses for prior month: .........$ 0.00
12. Aggregate Realized Losses and Debt Service Reductions:
(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: ...........$ 2,298.32
<PAGE>
14. Accrued Certificate Interest, Unpaid Class Interest Shortfalls and
Pay-out Rate:
Class 8-A1.....$ 112,151.46 $ 0.00 7.25000011%
Class 8-A2.....$ 80,589.79 $ 0.00 7.24999985%
Class 8-A3.....$ 164,767.50 $ 0.00 6.75000000%
Class 8-A4.....$ 73,861.88 $ 0.00 6.75000046%
Class 8-A5.....$ 104,917.50 $ 0.00 6.75000000%
Class 8-A6.....$ 132,324.58 $ 0.00 7.24999982%
Class 8-A7 ....$ 601,713.75 $ 0.00 7.25000000%
Class 8-A8 ....$ 332,291.67 $ 0.00 7.25000007%
Class 8-A9 ....$ 0.00 $ 0.00 0.00000000%
Class 8-A10 ...$ 0.00 $ 0.00 0.00000000%
Class 8-A11 ...$ 130,373.12 $ 0.00 7.24999972%
Class 8-A12 ...$ 25,447.90 $ 0.00 7.24999863%
Class 8-A13 ...$ 179,570.42 $ 0.00 7.25000013%
Class 8-A14 ...$ 157,723.75 $ 0.00 6.75000019%
Class 8-A15 ...$ 52,574.43 $ 0.00 9.32140031%
Class 8-A16 ...$ 470,180.02 $ 0.00 7.24999999%
Class 8-A17 ...$ 178,125.00 $ 0.00 7.12500000%
Class 8-A18 ...$ 1,625.00 $ 0.00 0.06500000%
Class 8-A19 ...$ 1,500.00 $ 0.00 0.06000000%
Class 8-M......$ 46,931.67 $ 0.00 7.25000051%
Class 8-B1.....$ 28,764.37 $ 0.00 7.24999874%
Class 8-B2.....$ 22,710.63 $ 0.00 7.25000160%
Class 8-B3.....$ 15,140.42 $ 0.00 7.25000160%
Class 8-B4.....$ 4,541.52 $ 0.00 7.24999867%
Class 8-B5.....$ 10,597.32 $ 0.00 7.24998496%
Class 8-R......$ 0.30 $ 0.00 7.20000000%
Class 8-RL.....$ 0.30 $ 0.00 7.20000000%
Class 8-S......$ 134,742.75 $ 0.00 0.34150000%
15. Accrual Amount:
Class A9 Certificate................... $ 25,683.13
Class A10 Certificate.................. $ 70,874.79
16. Principal distributable:
Class 8-A1.....$ 13,004.04 Class 8-A15...$ 341,523.51
Class 8-A2.....$ 257,434.81 Class 8-A16...$ 875,737.50
Class 8-A3.....$ 0.00 Class 8-A17...$ 0.00
Class 8-A4.....$ 0.00 Class 8-A18...$ 0.00
Class 8-A5.....$ 0.00 Class 8-A19...$ 0.00
Class 8-A6.....$ 0.00 Class 8-PO....$ 377.38
Class 8-A7.....$ 224,874.28 Class 8-M.....$ 5,441.56
Class 8-A8.....$ 506,919.87 Class 8-B1....$ 3,335.12
Class 8-A9.....$ 0.00 Class 8-B2....$ 2,633.21
Class 8-A10....$ 0.00 Class 8-B3....$ 1,755.48
Class 8-A11....$ 0.00 Class 8-B4....$ 526.57
<PAGE>
Class 8-A12....$ 0.00 Class 8-B5....$ 1,228.73
Class 8-A13....$ 0.00 Class 8-R.....$ 0.56
Class 8-A14....$ 1,414,882.92 Class 8-RL....$ 0.56
17. Additional distributions to the Class 8-R Certificate pursuant to
Sections 2.05(c) and 4.01(b):.....................$ 0.00
18. Additional distributions to the Class 8-RL Certificate pursuant to
Sections 2.05(d): ................................$ 0.00
19. Certificate Interest Rates of:
Class A14 Certificates:..... 6.750000%
Class A15 Certificates:..... 9.321400%
Class S Certificates:....... 0.341500%
20. Draw Amount:
Class A9 Certificate..............................$ 0.00
21. Distributions of amounts in Reserve Fund to Senior Certificates (other
than the Class PO Certificates) and the Class S Certificates pursuant
to the second paragraph of Section 4.01 (g):
Class A1 Certificates:....$ 0.00
Class A2 Certificates:....$ 0.00
Class A3 Certificates:....$ 0.00
Class A4 Certificates:....$ 0.00
Class A5 Certificates:....$ 0.00
Class A6 Certificates:....$ 0.00
Class A7 Certificates:....$ 0.00
Class A8 Certificates:....$ 0.00
Class A9 Certificates:....$ 0.00
Class A10 Certificates:...$ 0.00
Class A11 Certificates:...$ 0.00
Class A12 Certificates:...$ 0.00
Class A13 Certificates:...$ 0.00
Class A14 Certificates:...$ 0.00
Class A15 Certificates:...$ 0.00
Class A16 Certificates:...$ 0.00
Class A17 Certificates:...$ 0.00
Class A18 Certificates:...$ 0.00
Class A19 Certificates:...$ 0.00
Class R Certificates:.....$ 0.00
Class RL Certificates:....$ 0.00
Class S Certificates:.....$ 0.00
<PAGE>
B. Other Amounts:
1. Senior Percentage for such Distribution Date: ............ 95.745894%
2. Category B-Group I Senior Percentage for such Distribution
Date: .................................................... 90.000000%
3. Category B-Group II Senior Percentage for such Distribution
Date: .................................................... 10.000000%
4. Senior Prepayment Percentage for such Distribution Date:...100.000000%
5. Category B-Group I Senior Prepayment Percentage for
such Distribution Date: ...................................100.000000%
6. Junior Percentage for such Distribution Date: ............. 4.254106%
7. Junior Prepayment Percentage for such Distribution Date: .. 0.000000%
8. Subordinate Certificate Writedown Amount for such
Distribution Date: ........................................$ 0.00
9. 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
--------------------------------------
Name: Karen Pickett
Title: Vice President,
Investor Operations
Exhibit 99.20
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
OCTOBER 1997
REMIC Multi-Class Pass-Through Certificates
Series 1997-8
Pursuant to the Pooling and Servicing Agreement dated as of September 1,
1997 (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
$1,000:
i) The amount of such distribution allocable to principal:
Class 8-A1......$ 0.70053547 Class 8-A15....$ 50.45984891
Class 8-A2......$ 19.29940850 Class 8-A16....$ 11.25295382
Class 8-A3......$ 0.00000000 Class 8-A17....$ 0.00000000
Class 8-A4......$ 0.00000000 Class 8-A18....$ 0.00000000
Class 8-A5......$ 0.00000000 Class 8-A19....$ 0.00000000
Class 8-A6......$ 0.00000000 Class 8-PO.....$ 0.81807505
Class 8-A7......$ 2.25790991 Class 8-M......$ 0.70050978
Class 8-A8......$ 9.21672491 Class 8-B1.....$ 0.70050830
Class 8-A9......$ 0.00000000 Class 8-B2.....$ 0.70050811
Class 8-A10.....$ 0.00000000 Class 8-B3.....$ 0.70051077
Class 8-A11.....$ 0.00000000 Class 8-B4.....$ 0.70050552
Class 8-A12.....$ 0.00000000 Class 8-B5.....$ 0.70051312
Class 8-A13.....$ 0.00000000 Class 8-R......$ 11.20000000
Class 8-A14.....$ 50.45984923 Class 8-RL.....$ 0.00000112
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......$ 0.63397505 Class 8-A14....$ 45.66547546
Class 8-A2......$ 17.46570152 Class 8-A15....$ 45.66547517
Class 8-A3......$ 0.00000000 Class 8-A16....$ 10.18376976
Class 8-A4......$ 0.00000000 Class 8-A17....$ 0.00000000
<PAGE>
Class 8-A5......$ 0.00000000 Class 8-A18....$ 0.00000000
Class 8-A6......$ 0.00000000 Class 8-A19....$ 0.00000000
Class 8-A7......$ 2.04337768 Class 8-PO.....$ 0.74034676
Class 8-A8......$ 8.34101036 Class 8-M......$ 0.00000000
Class 8-A9......$ 0.00000000 Class 8-B1.....$ 0.00000000
Class 8-A10.....$ 0.00000000 Class 8-B2.....$ 0.00000000
Class 8-A11.....$ 0.00000000 Class 8-B3.....$ 0.00000000
Class 8-A12.....$ 0.00000000 Class 8-B4.....$ 0.00000000
Class 8-A13.....$ 0.00000000 Class 8-B5.....$ 0.00000000
Class 8-R......$ 10.13584727
Class 8-RL.....$ 0.00000101
iii) The amount of such distribution to the Certificateholders of each
class, allocable to Interest:
Class 8-A1......$ 6.04166676 Class 8-A15....$ 7.76783360
Class 8-A2......$ 6.04166654 Class 8-A16....$ 6.04166666
Class 8-A3......$ 5.62500000 Class 8-A17....$ 5.93750000
Class 8-A4......$ 5.62500038 Class 8-A18....$ 0.05416667
Class 8-A5......$ 5.62500000 Class 8-A19....$ 0.05000000
Class 8-A6......$ 6.04166651 Class 8-M......$ 6.04166710
Class 8-A7......$ 6.04166667 Class 8-B1.....$ 6.04166562
Class 8-A8......$ 6.04166673 Class 8-B2.....$ 6.04166800
Class 8-A9......$ 0.00000000 Class 8-B3.....$ 6.04166800
Class 8-A10.....$ 0.00000000 Class 8-B4.....$ 6.04166556
Class 8-A11.....$ 6.04166643 Class 8-B5.....$ 6.04165414
Class 8-A12.....$ 6.04166553 Class 8-R......$ 6.00000000
Class 8-A13.....$ 6.04166678 Class 8-RL.....$ 6.00000000
Class 8-A14.....$ 5.62500016 Class 8-S......$ 0.53773630
iv) Accrual Amount:
Class 8-A9 Certificates....................... $ 25,683.13
Class 8-A10 Certificates ..................... $ 70,874.79
v) The amount of servicing compensation received by the Company during
the month preceding the month of distribution:...$ 30,677.04
(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:.....$ 497,594,927.05
<PAGE>
The aggregate number of Mortgage Loans included in the Scheduled
Principal Balance set forth above:............... 1,638
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 8-A1.....................$ 18,549,995.96 $ 999.30
Class 8-A2.....................$ 13,081,565.19 $ 980.70
Class 8-A3.....................$ 29,292,000.00 $ 1,000.00
Class 8-A4.....................$ 13,131,000.00 $ 1,000.00
Class 8-A5.....................$ 18,652,000.00 $ 1,000.00
Class 8-A6.....................$ 21,902,000.00 $ 1,000.00
Class 8-A7.....................$ 99,369,125.72 $ 997.74
Class 8-A8.....................$ 54,493,080.13 $ 990.78
Class 8-A9.....................$ 4,276,683.13 $ 1,006.04
Class 8-A10....................$ 11,801,874.79 $ 1,006.04
Class 8-A11....................$ 21,579,000.00 $ 1,000.00
Class 8-A12....................$ 4,212,068.52 $ 1,000.00
Class 8-A13....................$ 29,722,000.00 $ 1,000.00
Class 8-A14....................$ 26,624,894.08 $ 949.54
Class 8-A15....................$ 6,426,699.49 $ 949.54
Class 8-A16....................$ 76,947,162.50 $ 988.75
Class 8-A17....................$ 30,000,000.00 $ 1,000.00
Class 8-A18....................$ 30,000,000.00 $ 1,000.00
Class 8-A19....................$ 30,000,000.00 $ 1,000.00
Class 8-PO.....................$ 460,925.04 $ 999.18
Class 8-M......................$ 7,762,558.44 $ 999.30
Class 8-B1.....................$ 4,757,664.88 $ 999.30
Class 8-B2.....................$ 3,756,366.79 $ 999.30
Class 8-B3.....................$ 2,504,244.52 $ 999.30
Class 8-B4.....................$ 751,173.43 $ 999.30
Class 8-B5.....................$ 1,752,814.08 $ 999.30
Class 8-R......................$ 49.44 $ 988.80
Class 8-RL.....................$ 49.44 $ 988.80
Class 8-S......................$ 469,948,112.63 $ 992.55
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...................................$ 0.00
unpaid principal balance.....................$ 0.00
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 14 Principal Balance $ 4,316,119.84
(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
x) The Scheduled Principal Balance of any Mortgage Loan and number of
replaced pursuant to Section 2.03(b), and of any Modified Mortgage
Loan purchased pursuant to Section 3.01(c):
$ 0.00 $ 0.00
xi) The Scheduled Principal Balance of any Mortgage Loan and number of any
Modified Mortgage Loan purchased pursuant to Section 3.01(c):
$ 0.00 $ 0.00
xii) The Certificate Interest Rates, applicable to the Interest Accrual
Period relating to such Distribution Date:
Class 8-A14 Certificates:.........6.750000%
Class 8-A15 Certificates:.........9.321400%
Class 8-S Certificates:...........0.341500%
xiii) Senior Percentage for such Distribution Date: .......... 95.74589400%
xiv) Category B Group I Senior Percentage for such Distribution
Date: ................................................... 90.00000000%
xv) Category B Group II Senior Percentage for such Distribution
Date: ................................................... 10.00000000%
xvi) Senior Prepayment Percentage for such Distribution Date: 100.00000000%
xvii) Category B Group I Senior Prepayment Percentage for
such Distribution Date: .................................100.00000000%
xviii) Junior Percentage for such Distribution Date: ......... 4.25410600%
xix) Junior Prepayment Percentage for such Distribution Date: 0.00000000%
Exhibit 99.21
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
OCTOBER 1997
REMIC Multi-Class Pass-Through Certificates
Series 1997-10
Pursuant to the Pooling and Servicing Agreement dated as of September 1,
1997 (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 ...........................$ 475,009.49
(b) Interest ............................$ 985,239.74
(c) Total ...............................$ 1,460,249.23
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal ...........................$ 475,009.49
(b) Interest ............................$ 951,950.82
(c) Total ...............................$ 1,426,960.31
3. Aggregate Principal Prepayments in part received and applied in prior
month: ...................................$ 42,476.82
4. Aggregate Principal Prepayments in full received in prior month:
(a) Principal ...........................$ 359,400.54
(b) Interest ............................$ 1,276.36
(c) Total ...............................$ 360,676.90
<PAGE>
5. Aggregate Insurance Proceeds (including 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 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: ........$ 154,156,220.96
10. Available Funds: .........................$ 1,830,114.03
11. Realized Losses for prior month: ..........$ 0.00
12. Aggregate Realized Losses and Debt Service Reductions:
(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: ............$ 221.63
<PAGE>
14. Accrued Certificate Interest, Unpaid Class Interest Shortfalls and
Pay-out Rate:
Class 10-A1...$ 281,250.00 $ 0.00 6.75000000%
Class 10-A2...$ 114,125.63 $ 0.00 6.75000030%
Class 10-A3...$ 166,771.45 $ 0.00 6.74999995%
Class 10-A4...$ 56,546.67 $ 0.00 6.74999955%
Class 10-A5...$ 114,020.69 $ 0.00 6.74999996%
Class 10-A6...$ 115,312.50 $ 0.00 6.75000000%
Class 10-M....$ 8,724.38 $ 0.00 6.75000387%
Class 10-B1...$ 4,359.38 $ 0.00 6.75000774%
Class 10-B2...$ 4,359.38 $ 0.00 6.75000774%
Class 10-B3...$ 2,615.63 $ 0.00 6.75001290%
Class 10-B4...$ 1,743.75 $ 0.00 6.75000000%
Class 10-B5...$ 2,183.15 $ 0.00 6.75012949%
Class 10-S....$ 81,214.01 $ 0.00 0.63143597%
Class 10-R....$ 0.56 $ 0.00 6.72000000%
15. Principal distributable:
Class 10-A1....$ 286,487.91 Class 10-M....$ 4,752.40
Class 10-A2....$ 260,182.91 Class 10-B1...$ 2,374.67
Class 10-A3....$ 254,236.23 Class 10-B2...$ 2,374.67
Class 10-A4....$ 0.00 Class 10-B3...$ 1,424.80
Class 10-A5....$ 0.00 Class 10-B4...$ 949.87
Class 10-A6....$ 62,813.85 Class 10-B5...$ 1,189.21
Class 10-PO....$ 0.33 Class 10-R....$ 100.00
16. Additional distributions to the Class 10-R Certificate pursuant to
Section 4.01(b): ................................$ 0.00
17. Certificate Interest Rates of:
Class 10-S Certificates:.............. 0.631436%
B. Other Amounts:
1. Senior Percentage for such Distribution Date: .......... 97.249398%
2. Category A-Senior Percentage for such Distribution Date: 32.252955%
3. Category B-Senior Percentage for such Distribution Date: 64.996443%
4. Category A-Percentage for such Distribution Date: ...... 33.165198%
5. Category B-Percentage for such Distribution Date: ...... 66.834802%
<PAGE>
6. Cat. B Group I Senior Percentage for such Distribution
Date:................................................... 51.772731%
7. Cat. B Group II Senior Percentage for such Distribution
Date:................................................... 13.223712%
8. Senior Prepayment Percentage for such Distribution Date: 100.000000%
9. Junior Percentage for such Distribution Date: .......... 2.750602%
10. Junior Prepayment Percentage for such Distribution Date: 0.000000%
11. Class A6 Percentage:.................................... 20.345285%
12. Class A6 Prepayment Distribution Percentage:............ 0.000000%
13. Subordinate Certificate Writedown Amount for such
Distribution Date: ........................................$ 0.00
14. 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
-------------------------------------
Name: Karen Pickett
Title: Vice President,
Investor Operations
Exhibit 99.22
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
OCTOBER 1997
REMIC Multi-Class Pass-Through Certificates
Series 1997-10
Pursuant to the Pooling and Servicing Agreement dated as of September 1,
1997 (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
$1,000:
i) The amount of such distribution allocable to principal:
Class 10-A1....$ 5.72975820 Class 10-M....$ 3.06408769
Class 10-A2....$ 12.82384100 Class 10-B1...$ 3.06409032
Class 10-A3....$ 8.57508154 Class 10-B2...$ 3.06409032
Class 10-A4....$ 0.00000000 Class 10-B3...$ 3.06408602
Class 10-A5....$ 0.00000000 Class 10-B4...$ 3.06409677
Class 10-A6....$ 3.06409024 Class 10-B5...$ 3.06412046
Class 10-PO....$ 0.03857529 Class 10-R....$ 1,000.00000000
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....$ 2.66566739 Class 10-M....$ 0.00000000
Class 10-A2....$ 5.96606236 Class 10-B1...$ 0.00000000
Class 10-A3....$ 3.98940311 Class 10-B2...$ 0.00000000
Class 10-A4....$ 0.00000000 Class 10-B3...$ 0.00000000
Class 10-A5....$ 0.00000000 Class 10-B4...$ 0.00000000
Class 10-A6....$ 1.42551311 Class 10-B5...$ 0.00000000
Class 10-PO....$ 0.01794646 Class 10-R....$ 465.23209052
<PAGE>
iii) The amount of such distribution to the Certificateholders of each
class, allocable to Interest:
Class 10-A1....$ 5.62500000 Class 10-B1...$ 5.62500645
Class 10-A2....$ 5.62500025 Class 10-B2...$ 5.62500645
Class 10-A3....$ 5.62499996 Class 10-B3...$ 5.62501075
Class 10-A4....$ 5.62499963 Class 10-B4...$ 5.62500000
Class 10-A5....$ 5.62499997 Class 10-B5...$ 5.62510791
Class 10-A6....$ 5.62500000 Class 10-R....$ 5.60000000
Class 10-M.....$ 5.62500322 Class 10-S....$ 0.00000000
iv) The amount of servicing compensation received by the Company during
the month preceding the month of distribution:..$ 17,411.73
(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:....$ 154,156,220.96
The aggregate number of Mortgage Loans included in the Scheduled
Principal Balance set forth above:.............. 489
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...................$ 49,713,512.09 $ 994.27
Class 10-A2...................$ 20,028,817.09 $ 987.18
Class 10-A3...................$ 29,394,021.77 $ 991.42
Class 10-A4...................$ 10,052,742.00 $ 1,000.00
Class 10-A5...................$ 20,270,345.00 $ 1,000.00
Class 10-A6...................$ 20,437,186.15 $ 996.94
Class 10-PO...................$ 8,554.37 $ 999.96
Class 10-M....................$ 1,546,247.60 $ 996.94
Class 10-B1...................$ 772,625.33 $ 996.94
Class 10-B2...................$ 772,625.33 $ 996.94
Class 10-B3...................$ 463,575.20 $ 996.94
Class 10-B4...................$ 309,050.13 $ 996.94
Class 10-B5...................$ 386,918.90 $ 996.94
Class 10-R....................$ 0.00 $ 0.00
Class 10-S....................$ 153,467,320.91 $ 994.34
<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....................................$ 0.00
unpaid principal balance......................$ 0.00
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 5 Principal Balance $ 1,345,814.51
(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 and number of
replaced pursuant to Section 2.03(b), and of any Modified Mortgage
Loan purchased pursuant to Section 3.01(c): ........
$ 0.00 $ 0.00
x) The Scheduled Principal Balance of any Mortgage Loan and number of any
Modified Mortgage Loan purchased pursuant to Section 3.01(c):
$ 0.00 $ 0.00
xi) The Certificate Interest Rates, applicable to the Interest Accrual
Period relating to such Distribution Date:
Class 6-S: ........................ 0.631436%
xii) Senior Percentage for such Distribution Date: ........... 97.24939800%
xiii) Category A-Senior Percentage for such Distribution Date: 32.25295500%
xiv) Category B-Senior Percentage for such Distribution Date: 64.99644300%
xv) Category A-Percentage for such Distribution Date: ....... 33.16519800%
xvi) Category B-Percentage for such Distribution Date: ....... 66.83480200%
<PAGE>
xvii)Senior Prepayment Percentage for such Distribution Date: 100.00000000%
xviii) Cat. B. Group I Senior Percentage for such Distribution
Date: ................................................... 51.77273100%
xix) Cat. B Group II Senior Percentage for such Distribution
Date: ................................................... 13.22371200%
xx) Class A6 Percentage...................................... 20.34528500%
xxi) Class A6 Prepayment Distribution Percentage:............. 0.00000000%
xxii) Junior Percentage for such Distribution Date: .......... 2.75060200%
xxii) Junior Prepayment Percentage for such Distribution Date: 0.00000000%
Exhibit 99.23
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
OCTOBER 1997
Home Equity Loan Pass-Through Certificates
Series 1997-HE3
Pursuant to the Pooling and Servicing Agreement dated as of September 1,
1997 (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: $ 3,765.00
(2) Aggregate Monthly Payments received and Monthly Advances made this
Month:
(a) Principal $ 356,741.34
(b) Interest $ 1,923,127.08
(c) Total $ 2,279,868.42
(3) Aggregate Principal Prepayments in part received on Self- Amortizing
Mortgage Loans and applied in the applicable Prepayment Period:
(a) Principal $ 44,852.68
(c) Total $ 44,852.68
(4) Aggregate Principal Prepayments in full received in the applicable
Prepayment period:
(a) Principal $ 1,236,352.54
(b) Interest $ 9,667.04
(c) Total $ 1,246,019.58
<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 $ 0.00
(b) Interest $ 0.00
(c) Total $ 0.00
(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 Document Deficiencies per Sec. 2.02:
(a) Principal $ 0.00
(b) Interest $ 0.00
(c) Total $ 0.00
(10) Pool Principal Balance: $ 236,647,244.34
(11) Available Funds: $ 3,440,394.06
<PAGE>
(12) Realized Losses for prior month: $ 0.00
(13) Aggregate Realized Losses: 0.00
(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
(14) Compensating Interest Payment: $ 653.68
(15) Net Simple Interest Shortfall: $ 0.00
(16) Net Simple Interest Excess: $ 32,005.09
(17) Simple Interest Shortfall Payment: $ 0.00
(18) Unpaid Net Simple Interest Shortfall:
Class A1 36157NBK9 $ 0.00
Class A2 36157NBL7 $ 0.00
Class A3 36157NBM5 $ 0.00
Class A4 36157NBN3 $ 0.00
Class A5 36157NBP8 $ 0.00
Class A6 36157NBQ6 $ 0.00
Class S 36197HE3S $ 0.00
Class M 36157NBT0 $ 0.00
Class B1 36157NBU7 $ 0.00
Class B2 36157NBV5 $ 0.00
Class B3 36157NBW3 $ 0.00
Class B4 36157NBX1 $ 0.00
Class B5 36157NBY9 $ 0.00
(19) Class Certificate Interest Rate:
Class M 36157NBT0 7.200%
Class B1 36157NBU7 7.250%
Class B2 36157NBV5 7.600%
Class B3 36157NBW3 9.140%
Class B4 36157NBX1 9.140%
Class B5 36157NBY9 9.140%
Class S 36197HE3S 2.40%
(20) Accrued Certificate Interest and Pay-out Rate:
Class A1 36157NBK9 $ 419,008.33 6.530%
Class A2 36157NBL7 $ 69,983.33 6.460%
Class A3 36157NBM5 $ 293,400.00 6.520%
Class A4 36157NBN3 $ 149,227.23 6.790%
Class A5 36157NBP8 $ 135,552.08 7.150%
Class A6 36157NBQ6 $ 134,400.00 6.720%
Class S 36197HE3S $ 473,160.60 2.40%
Class M 36157NBT0 $ 35,496.00 7.200%
Class B1 36157NBU7 $ 32,165.83 7.250%
Class B2 36157NBV5 $ 14,984.67 7.600%
Class B3 36157NBW3 $ 18,028.55 9.140%
Class B4 36157NBX1 $ 13,519.51 9.140%
Class B5 36157NBY9 $ 13,521.37 9.140%
Total $ 1,802,447.50
(21) Principal distributable:
Class A1 36157NBK9 $ 1,607,515.63
Class A2 36157NBL7 $ 0.00
Class A3 36157NBM5 $ 0.00
Class A4 36157NBN3 $ 0.00
Class A5 36157NBP8 $ 0.00
Class A6 36157NBQ6 $ 0.00
Class M 36157NBT0 $ 8,918.26
Class B1 36157NBU7 $ 8,025.83
Class B2 36157NBV5 $ 3,566.70
Class B3 36157NBW3 $ 3,568.21
Class B4 36157NBX1 $ 2,675.78
Class B5 36157NBY9 $ 2,676.15
Class R1 36157NBR4 $ 500.00
Class R2 36157NBS2 $ 500.00
Total $ 1,637,946.56
<PAGE>
(22) Additional distributions to the Class R1 Certificate pursuant to
Section 2.05 (d) : $ 0.00
(23) Additional distributions to the Class R2 Certificate pursuant to
Section 4.01 (b) : $ 0.00
B. Other Amounts:
(1) Senior Percentage for such Distribution Date: 91.750065%
(2) Senior Prepayment Percentage for such Distribution Date: 100.000000%
(3) Junior Percentage for such Distribution Date: 8.249935%
(4) Junior Prepayment Percentage for such Distribution Date: 0.000000%
(5) Subordinate Certfificate Writedown Amount for such
Distribution Date: $ 0.00
(6) Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class B1 X
Class B2 X
Class B3 X
Class B4 X
Class 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
----------------------------------------
Name: Karen Pickett
Title: Vice President,
Investor Operations
Exhibit 99.24
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
OCTOBER 1997
Home Equity Loan Pass-Through Certificates
Series 1997-HE3
Pursuant to the Pooling and Servicing Agreement dated as of September 1,
1997 (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 36157NBK9 $ 20.87682637
Class A2 36157NBL7 $ 0.00000000
Class A3 36157NBM5 $ 0.00000000
Class A4 36157NBN3 $ 0.00000000
Class A5 36157NBP8 $ 0.00000000
Class A6 36157NBQ6 $ 0.00000000
Class M 36157NBT0 $ 1.50748149
Class B1 36157NBU7 $ 1.50748149
Class B2 36157NBV5 $ 1.50748149
Class B3 36157NBW3 $ 1.50748149
Class B4 36157NBX1 $ 1.50748149
Class B5 36157NBY9 $ 1.50748149
Class R1 36157NBR4 $ 500.00000000
Class R2 36157NBS2 $ 500.00000000
(2) Aggregate Principal prepayments included in distribution:
<PAGE>
Class A1 36157NBK9 $ 1,281,205.22
Class A2 36157NBL7 $ 0.00
Class A3 36157NBM5 $ 0.00
Class A4 36157NBN3 $ 0.00
Class A5 36157NBP8 $ 0.00
Class A6 36157NBQ6 $ 0.00
Class M 36157NBT0 $ 0.00
Class B1 36157NBU7 $ 0.00
Class B2 36157NBV5 $ 0.00
Class B3 36157NBW3 $ 0.00
Class B4 36157NBX1 $ 0.00
Class B5 36157NBY9 $ 0.00
Class R1 36157NBR4 $ 0.00
Class R2 36157NBS2 $ 0.00
(3) Amount of distribution allocable to interest Pay-out Rate:
Class A1 36157NBK9 $ 5.44166667 6.530%
Class A2 36157NBL7 $ 5.38333333 6.460%
Class A3 36157NBM5 $ 5.43333333 6.520%
Class A4 36157NBN3 $ 5.65833333 6.790%
Class A5 36157NBP8 $ 5.95833333 7.150%
Class A6 36157NBQ6 $ 5.60000000 6.720%
Class S 36197HE3S $ 1.99943423 2.40%
Class M 36157NBT0 $ 6.00000000 7.200%
Class B1 36157NBU7 $ 6.04166667 7.250%
Class B2 36157NBV5 $ 6.33333333 7.600%
Class B3 36157NBW3 $ 7.61662417 9.140%
Class B4 36157NBX1 $ 7.61662417 9.140%
Class B5 36157NBY9 $ 7.61662417 9.140%
(4) Servicing Compensation: $ 138,746.53
The amounts below are for the aggregate of all Certificates:
(5) Pool Principal Balance; $ 236,647,244.34
number of Mortgage Loans: 3,752
<PAGE>
(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 36157NBK9 $ 75,392,484.37 $ 979.12317363
Class A2 36157NBL7 $ 13,000,000.00 $ 1,000.00000000
Class A3 36157NBM5 $ 54,000,000.00 $ 1,000.00000000
Class A4 36157NBN3 $ 26,373,000.00 $ 1,000.00000000
Class A5 36157NBP8 $ 22,750,000.00 $ 1,000.00000000
Class A6 36157NBQ6 $ 24,000,000.00 $ 1,000.00000000
Class M 36157NBT0 $ 5,907,081.74 $ 998.49251851
Class B1 36157NBU7 $ 5,315,974.17 $ 998.49251851
Class B2 36157NBV5 $ 2,362,433.30 $ 998.49251851
Class B3 36157NBW3 $ 2,363,431.79 $ 998.49251851
Class B4 36157NBX1 $ 1,772,324.22 $ 998.49251851
Class B5 36157NBY9 $ 1,772,568.19 $ 998.49251851
Class R1 36157NBR4 $ 0.00 $ 0.00000000
Class R2 36157NBS2 $ 0.00 $ 0.00000000
(7) Book value of real estate acquired on behalf of Certificate-
holders; $ 0.00
number of related Mortgage Loans: 0
(8) Aggregate Scheduled Principal Balance and number of delinquent
Mortgage Loans:
One Payment Delinquent $ 1,329,869.66
27
Two Payments Delinquent $ 24,325.80
1
Three or more Payments Delinquent $ 0.00
0
TOTAL $ 1,354,195.46
28
In foreclosure $ 0.00
0
(9) Aggregate Scheduled Principal Balance and number of replaced Mortgage
Loans: $ 0.00
0
<PAGE>
(10) Unpaid Net Simple Interest Shortfall:
Class A1 36157NBK9 $ 0.00
Class A2 36157NBL7 $ 0.00
Class A3 36157NBM5 $ 0.00
Class A4 36157NBN3 $ 0.00
Class A5 36157NBP8 $ 0.00
Class A6 36157NBQ6 $ 0.00
Class S 36197HE3S $ 0.00
Class M 36157NBT0 $ 0.00
Class B1 36157NBU7 $ 0.00
Class B2 36157NBV5 $ 0.00
Class B3 36157NBW3 $ 0.00
Class B4 36157NBX1 $ 0.00
Class B5 36157NBY9 $ 0.00
(11) Class Certificate Interest Rate of:
Class M 36157NBT0 7.200%
Class B1 36157NBU7 7.250%
Class B2 36157NBV5 7.600%
Class B3 36157NBW3 9.140%
Class B4 36157NBX1 9.140%
Class B5 36157NBY9 9.140%
Class S 36197HE3S 2.40%
(12) Senior Percentage for such Distribution Date: 91.750065%
(13) Senior Prepayment Percentage for such Distribution Date: 100.000000%
(14) Junior Percentage for such Distribution Date: 8.249935%
(15) Junior Prepayment Percentage for such Distribution Date: 0.000000%
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
---------------------------------------
Name: Karen Pickett
Title: Vice President,
Investor Operations
