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) September 25, 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 September 25, 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 $ 6,605,722.39
Series 1997-02 $13,988,061.77
Series 1997-03 $ 7,928,206.83
Series 1997-HE-1 $ 4,168,524.79
Series 1997-04 $ 7,020,810.95
Series 1997-05 $ 9,283,533.29
Series 1997-06 $ 8,531,207.75
Series 1997-HE-2 $ 3,575,498.68
Series 1997-07 $ 6,580,292.20
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
<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: September 25, 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
Exhibit 99.1
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
SEPTEMBER 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 ...........................$ 198,978.92
(b) Interest ............................$ 1,874,975.92
(c) Total ...............................$ 2,073,954.84
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal ...........................$ 198,978.92
(b) Interest ............................$ 1,819,716.06
(c) Total ...............................$ 2,018,694.98
3. Aggregate Principal Prepayments in part received and applied in prior
month: ....................................$ 134,441.84
4. Aggregate Principal Prepayments in full received in prior month:
(a) Principal ...........................$ 4,426,092.25
(b) Interest ............................$ 26,493.32
(c) Total ...............................$ 4,452,585.57
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: .........$ 276,600,173.54
10. Available Funds: .........................$ 6,605,722.39
11. Realized Losses for prior month: ..........$ 0.00
12. Aggregate Realized Losses:
(a) Deficient Valuations: .................$ 0.00
(b) Special Hazard Losses: ................$ 0.00
(c) Fraud Losses: .........................$ 0.00
(d) Excess Bankruptcy Losses: .............$ 0.00
(e) Excess Special Hazard Losses: .........$ 0.00
(f) Excess Fraud Losses: ..................$ 0.00
(g) Debt Service Reductions: ..............$ 0.00
13. Compensating Interest Payment: ............$ 4,317.37
14. Accrued Certificate Interest, Unpaid Class Interest Shortfalls and
Pay-out Rate:
Class 1-A1....$ 12,295.56 $ 0.00 7.35000000%
Class 1-A2....$ 131,975.38 $ 0.00 7.35000000%
Class 1-A3....$ 366,912.00 $ 0.00 7.35000000%
Class 1-A4....$ 487,648.00 $ 0.00 7.35000000%
Class 1-A5....$ 68,990.18 $ 0.00 6.12499985%
Class 1-A6....$ 14,245.73 $ 0.00 6.12500036%
Class 1-A7 ...$ 39,069.92 $ 0.00 2.87500020%
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.....$ 27,997.26 $ 0.00 7.50000000%
Class 1-B1....$ 23,332.09 $ 0.00 7.50000000%
Class 1-B2....$ 20,526.76 $ 0.00 7.50000000%
Class 1-B3....$ 8,403.53 $ 0.00 7.50000000%
Class 1-B4....$ 5,598.21 $ 0.00 7.50000000%
Class 1-B5....$ 7,468.10 $ 0.00 7.50000000%
Class 1-S.....$ 91,505.48 $ 0.00 0.43000000%
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..$ 1,958.59
16. Principal distributable:
Class 1-A1....$ 2,007,437.63
Class 1-A2....$ 202,157.31
Class 1-A3....$ 0.00
Class 1-A4....$ 2,108,886.21
Class 1-A5....$ 431,848.12
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....$ 585.92
Class 1-M.....$ 3,166.86
Class 1-B1....$ 2,639.17
Class 1-B2....$ 2,321.85
Class 1-B3....$ 950.55
Class 1-B4....$ 633.23
Class 1-B5....$ 844.75
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:.................... 0.390300%
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: ... 94.681384%
2. Group I Senior Percentage for such Distribution Date: 94.681384%
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: ... 5.318616%
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
SEPTEMBER 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
$1,000:
1. The amount of such distribution allocable to principal:
Class 1-A1....$ 146.71034349 Class 1-A13......$ 0.00000000
Class 1-A2....$ 9.38215575 Class 1-A14......$ 0.00000000
Class 1-A3....$ 0.00000000 Class 1-A15......$ 0.00000000
Class 1-A4....$ 26.48822109 Class 1-PO.......$ 0.94908885
Class 1-A5....$ 29.40943340 Class 1-M........$ 0.70359031
Class 1-A6....$ 0.00000000 Class 1-B1.......$ 0.70359104
Class 1-A7....$ 0.00000000 Class 1-B2.......$ 0.70359091
Class 1-A8....$ 0.00000000 Class 1-B3.......$ 0.70358993
Class 1-A9....$ 0.00000000 Class 1-B4.......$ 0.70358889
Class 1-A10...$ 0.00000000 Class 1-B5.......$ 0.70359806
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....$ 140.88937407 Class 1-A13......$ 0.00000000
Class 1-A2....$ 9.00990359 Class 1-A14......$ 0.00000000
Class 1-A3....$ 0.00000000 Class 1-A15......$ 0.00000000
Class 1-A4....$ 25.43725821 Class 1-PO.......$ 0.91143222
Class 1-A5....$ 28.24256671 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....$ 0.89860118 Class 1-A13......$ 0.00000000
Class 1-A2....$ 6.12500023 Class 1-A14......$ 6.25000000
Class 1-A3....$ 6.12500000 Class 1-A15......$ 6.25000000
Class 1-A4....$ 6.12500000 Class 1-M........$ 6.22023106
Class 1-A5....$ 4.69832335 Class 1-B1.......$ 6.22023194
Class 1-A6....$ 5.10416697 Class 1-B2.......$ 6.22023030
Class 1-A7....$ 2.23576080 Class 1-B3.......$ 6.22022946
Class 1-A8....$ 6.25000000 Class 1-B4.......$ 6.22023333
Class 1-A9....$ 6.04166667 Class 1-B5.......$ 6.22023160
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........$ 0.30494796
4. Accrual Amount:
Class A13A..............................$ 0.00
Class A13B..............................$ 1,958.59
5. The amount of servicing compensation received by the Company during the
month preceding the month of distribution:..............$ 59,825.60
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:...............$ 276,600,173.54
The aggregate number of Mortgage Loans included in the Scheduled Principal
Balance set forth above:................................ 969
<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...........$ 21,344,842.69 $ 990.62
Class 1-A3...........$ 59,904,000.00 $ 1,000.00
Class 1-A4...........$ 77,507,113.79 $ 973.51
Class 1-A5...........$ 13,084,595.64 $ 891.08
Class 1-A6...........$ 2,791,000.00 $ 1,000.00
Class 1-A7...........$ 15,875,595.64 $ 908.47
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..........$ 315,332.30 $ 51.71
Class 1-A14..........$ 31,000,000.00 $ 1,000.00
Class 1-A15..........$ 2,500,000.00 $ 1,000.00
Class 1-PO...........$ 606,493.01 $ 982.41
Class 1-M............$ 4,476,394.91 $ 994.53
Class 1-B1...........$ 3,730,494.85 $ 994.53
Class 1-B2...........$ 3,281,960.28 $ 994.53
Class 1-B3...........$ 1,343,614.65 $ 994.53
Class 1-B4...........$ 895,080.07 $ 994.53
Class 1-B5...........$ 1,194,051.35 $ 994.53
Class 1-R............$ 100.00 $ 1,000.00
Class 1-RL...........$ 100.00 $ 1,000.00
Class 1-S............$ 250,628,844.18 $ 915.98
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 8 Principal Balance $ 2,241,784.15
(2) 60-89 days
Number 1 Principal Balance $ 326,428.27
(3) 90 days or more
Number 2 Principal Balance $ 664,341.04
(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: .................................. 0.390300%
1. Senior Percentage for such Distribution Date: ........ 94.68138400%
2. Group I Senior Percentage for such Distribution Date: 94.68138400%
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: ........ 5.31861600%
8. Junior Prepayment Percentage for such Distribution Date: 0.00000000%
Exhibit 99.3
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
SEPTEMBER 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
Pool 1 Pool 2
------ ------
(a) Principal .....................$ 308,463.12 $ 275,028.35
(b) Interest ......................$ 2,843,816.55 $ 531,278.34
(c) Total .........................$ 3,152,279.67 $ 806,306.69
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal .....................$ 308,463.12 $ 275,028.35
(b) Interest ......................$ 2,763,322.41 $ 515,524.93
(c) Total .........................$ 3,071,785.53 $ 790,553.28
3. Aggregate Principal Prepayments in part received and applied in the
applicable Prepayment Period:........$ 140,852.08 $ 87,525.94
4. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period: Pool 1 Pool 2
(a) Principal .....................$ 7,838,709.15 $ 2,000,845.40
(b) Interest ......................$ 46,165.38 $ 11,625.01
(c) Total .........................$ 7,884,874.53 $ 2,012,470.41
<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 .....................$ 0.00 $ 0.00
(b) Interest ......................$ 0.00 $ 0.00
(c) Total .........................$ 0.00 $ 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:....$425,580,413.06 $ 82,522,258.39
10. Available Funds: ...................$ 11,097,512.14 $ 2,890,549.63
11. Realized Losses for Prior Month: ...$ 0.00 $ 0.00
12. Aggregrate Realized Losses Pool 1 Pool 2 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: .....$ 7,515.03 $ 1,843.63
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....$ 323,625.60 $ 0.00 7.00000000%
Class 1-A5....$ 150,466.17 $ 0.00 7.50000000%
Class 1-A6....$ 111,846.79 $ 0.00 7.50000000%
Class 1-A7....$ 363,523.89 $ 0.00 7.50000000%
Class 1-A8....$ 28,733.99 $ 0.00 6.87500000%
Class 1-A9....$ 8,881.42 $ 0.00 10.62500000%
Class 1-A10...$ 49,397.24 $ 0.00 7.50000000%
Class 1-A11...$ 147,523.24 $ 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...$ 27,682.80 $ 0.00 7.50000000%
Class 1-A16...$ 261,411.34 $ 0.00 7.50000000%
Class 1-A17...$ 18,672.24 $ 0.00 7.50000000%
Class 1-S.....$ 104,250.84 $ 0.00 0.32520000%
Class 1-M.....$ 56,060.28 $ 0.00 7.50000000%
Class 1-B1....$ 28,027.05 $ 0.00 7.50000000%
Class 1-B2....$ 28,027.05 $ 0.00 7.50000000%
Class 1-B3....$ 14,016.65 $ 0.00 7.50000000%
Class 1-B4....$ 4,207.50 $ 0.00 7.50000000%
Class 1-B5....$ 9,813.39 $ 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....$ 77,592.82 $ 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....$ 140,382.36 $ 0.00 7.00000000%
Class 2-A6....$ 59,135.33 $ 0.00 7.00000000%
Class 2-A7....$ 51,521.68 $ 0.00 7.00000000%
Class 2-S.....$ 32,713.41 $ 0.00 0.49620000%
Class 2-M.....$ 5,153.69 $ 0.00 7.00000000%
Class 2-B1....$ 2,576.84 $ 0.00 7.00000000%
Class 2-B2....$ 2,576.85 $ 0.00 7.00000000%
Class 2-B3....$ 1,546.11 $ 0.00 7.00000000%
Class 2-B4....$ 1,030.75 $ 0.00 7.00000000%
Class 2-B5....$ 1,288.44 $ 0.00 7.00000000%
<PAGE>
15. Principal Distribution Amount:
Class 1-A1....$ 0.00 Class 2-A1....$ 378,826.34
Class 1-A2....$ 0.00 Class 2-A2....$ 0.00
Class 1-A3....$ 0.00 Class 2-A3....$ 0.00
Class 1-A4....$ 935,332.17 Class 2-A4....$ 0.00
Class 1-A5....$ 253,935.76 Class 2-A5....$ 196,851.17
Class 1-A6....$ 196,208.49 Class 2-A6....$ 1,750,791.83
Class 1-A7....$ 450,144.26 Class 2-A7....$ 28,614.44
Class 1-A8....$ 1,649,839.67 Class 2-PO....$ 444.70
Class 1-A9....$ 329,967.94 Class 2-M.....$ 2,862.26
Class 1-A10...$ 1,088,260.74 Class 2-B1....$ 1,431.13
Class 1-A11...$ 710,670.62 Class 2-B2....$ 1,431.13
Class 1-A12...$ 0.00 Class 2-B3....$ 858.68
Class 1-A13...$ 0.00 Class 2-B4....$ 572.45
Class 1-A14...$ 0.00 Class 2-B5....$ 715.56
Class 1-A15...$ 2,968,681.88
Class 1-A16...$ 29,727.58
Class 1-A17...$ 2,123.40
Class 1-PO....$ 1,061.24
Class 1-M.....$ 6,375.23
Class 1-B1....$ 3,187.26
Class 1-B2....$ 3,187.26
Class 1-B3....$ 1,593.98
Class 1-B4....$ 478.48
Class 1-B5....$ 1,115.98
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............................... 6.87500000%
Class 1-A9............................... 10.62500000%
Class 1-S................................ 0.32520000%
Class 2-S................................ 0.49620000%
B. Other Amounts for such Distribution Date:
Pool 1 Pool 2
------ ------
1. Senior Percentage:........................ 94.81920000% 97.13360000%
2. Group I Senior Percentage:................ 84.46585582% 86.71329500%
3. Group II Senior Percentage:............... 10.35334418% 10.42030500%
<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:........................ 5.18080000% 2.86640000%
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
SEPTEMBER 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....$ 24.85084886
Class 1-A2....$ 0.00000000 Class 2-A2....$ 0.00000000
Class 1-A3....$ 0.00000000 Class 2-A3....$ 0.00000000
Class 1-A4....$ 15.77952801 Class 2-A4....$ 0.00000000
Class 1-A5....$ 10.08439598 Class 2-A5....$ 7.93786725
Class 1-A6....$ 10.46421673 Class 2-A6....$ 139.90896525
Class 1-A7....$ 4.68814903 Class 2-A7....$ 3.17938222
Class 1-A8....$ 219.97862267 Class 2-PO....$ 3.48017311
Class 1-A9....$ 219.97862667 Class 2-M.....$ 3.17935275
Class 1-A10...$ 114.04418866 Class 2-B1....$ 3.17935628
Class 1-A11...$ 28.42682480 Class 2-B2....$ 3.17935628
Class 1-A12...$ 0.00000000 Class 2-B3....$ 3.17936604
Class 1-A13...$ 0.00000000 Class 2-B4....$ 3.17934164
Class 1-A14...$ 0.00000000 Class 2-B5....$ 3.17930185
Class 1-A15...$ 333.55976180
Class 1-A16...$ 0.70779952
Class 1-A17...$ 0.70780000
Class 1-PO....$ 0.47124334
Class 1-M.....$ 0.70780837
Class 1-B1....$ 0.70780813
Class 1-B2....$ 0.70780813
Class 1-B3....$ 0.70780639
Class 1-B4....$ 0.70781065
Class 1-B5....$ 0.70780589
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...$ 22.03233840
Class 1-A2....$ 0.00000000 Class 2-A2...$ 0.00000000
Class 1-A3....$ 0.00000000 Class 2-A3...$ 0.00000000
Class 1-A4....$ 15.22151819 Class 2-A4...$ 0.00000000
Class 1-A5....$ 9.72778253 Class 2-A5...$ 7.03757761
Class 1-A6....$ 10.09417171 Class 2-A6...$ 124.04090037
Class 1-A7....$ 4.52236250 Class 2-A7...$ 2.81878600
Class 1-A8....$ 212.19954135 Class 2-PO...$ 3.08546207
Class 1-A9....$ 212.19954521 Class 2-B1...$ 0.00000000
Class 1-A10...$ 110.01125579 Class 2-B2...$ 0.00000000
Class 1-A11...$ 27.42156993 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...$ 321.76412239
Class 1-A16...$ 0.68276968
Class 1-A17...$ 0.68277014
Class 1-PO....$ 0.45457881
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....$ 5.45972798 7.00000000%
Class 1-A5....$ 5.97537125 7.50000000%
Class 1-A6....$ 5.96502756 7.50000000%
Class 1-A7....$ 3.78601778 7.50000000%
Class 1-A8....$ 3.83119867 6.87500000%
Class 1-A9....$ 5.92094667 10.62500000%
Class 1-A10...$ 5.17657943 7.50000000%
Class 1-A11...$ 5.90092960 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...$ 3.11042697 7.50000000%
Class 1-A16...$ 6.22407952 7.50000000%
Class 1-A17...$ 6.22408000 7.50000000%
Class 1-S.....$ 0.23148670 0.32520000%
Class 1-M.....$ 6.22407905 7.50000000%
Class 1-B1....$ 6.22408394 7.50000000%
Class 1-B2....$ 6.22408394 7.50000000%
Class 1-B3....$ 6.22408970 7.50000000%
Class 1-B4....$ 6.22411243 7.50000000%
Class 1-B5....$ 6.22410366 7.50000000%
Class 1-R.....$ 0.00000000 7.50000000%
Class 1-RL....$ 0.00000000 7.50000000%
Class 2-A1....$ 5.09005642 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....$ 5.66080729 7.00000000%
Class 2-A6....$ 4.72561197 7.00000000%
Class 2-A7....$ 5.72463111 7.00000000%
Class 2-S.....$ 0.36286022 0.49620000%
Class 2-M.....$ 5.72463663 7.00000000%
Class 2-B1....$ 5.72463189 7.00000000%
Class 2-B2....$ 5.72465410 7.00000000%
Class 2-B3....$ 5.72465834 7.00000000%
Class 2-B4....$ 5.72470328 7.00000000%
Class 2-B5....$ 5.72466276 7.00000000%
iii) The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
Pool 1 Pool 2
------ ------
$ 88,756.89 $ 18,786.89
(b) The amounts below are for the aggregate of all certificates.
iv) The Pool Scheduled Principal
Balances:..........................$ 425,580,413.06 $ 82,522,258.39
Number of Mortgage Loans:.......... 1460 272
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 Principal Single Certificate
Balance 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........ $ 54,543,342.42 $ 920.17
Class 1-A5........ $ 23,820,651.98 $ 945.98
Class 1-A6........ $ 17,699,278.21 $ 943.94
Class 1-A7........ $ 95,968,612.46 $ 999.49
<PAGE>
Class 1-A8........ $ 3,365,547.87 $ 448.74
Class 1-A9........ $ 673,109.57 $ 448.74
Class 1-A10....... $ 6,815,296.98 $ 714.21
Class 1-A11....... $ 22,893,047.29 $ 915.72
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....... $ 1,460,566.13 $ 164.11
Class 1-A16....... $ 41,796,087.56 $ 995.14
Class 1-A17....... $ 2,985,434.83 $ 995.14
Class 1-PO........ $ 1,029,481.74 $ 982.75
Class 1-S......... $ 376,450,535.55 $ 2,259.61
Class 1-M......... $ 8,963,270.37 $ 995.14
Class 1-B1........ $ 4,481,137.62 $ 995.14
Class 1-B2........ $ 4,481,137.62 $ 995.14
Class 1-B3........ $ 2,241,066.38 $ 995.14
Class 1-B4........ $ 672,717.96 $ 995.14
Class 1-B5........ $ 1,569,021.07 $ 995.15
Class 1-R........ $ 0.00 $ 0.00
Class 1-RL........ $ 0.00 $ 0.00
Class 2-A1........ $ 12,922,800.73 $ 847.73
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........ $ 23,868,696.04 $ 962.49
Class 2-A6........ $ 8,386,693.76 $ 670.20
Class 2-A7........ $ 8,803,673.43 $ 978.19
Class 2-S........ $ 76,769,840.67 $ 911.06
Class 2-PO........ $ 124,670.57 $ 975.66
Class 2-M........ $ 880,626.65 $ 978.19
Class 2-B1....... $ 440,312.84 $ 978.19
Class 2-B2....... $ 440,312.84 $ 978.19
Class 2-B3....... $ 264,187.51 $ 978.19
Class 2-B4....... $ 176,125.33 $ 978.19
Class 2-B5....... $ 220,158.69 $ 978.19
vi) The following pertains to any real estate acquired on behalf of
Certificateholders:
Pool 1 Pool 2
------ ------
Book Value.........................$ 0.00 $ 0.00
Unpaid Principal Balance...........$ 0.00 $ 0.00
The aggregate number of Mortgage Loans included in the Principal
Balance set forth above:........... 0 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 10 $ 2,829,138.43
(2) 60-89 days 0 $ 0.00
(3) 90 days or more 1 $ 223,250.00
(4) in foreclosure 6 $ 1,978,558.30
Pool 2...................
*(1) 30-59 days 4 $ 1,105,124.07
(2) 60-89 days 0 $ 0.00
(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: 6.875000%
Class 1-A9 Certificates: 10.625000%
Class 1-S Certificates: 0.325200%
Class 2-S Certificates: 0.496200%
Pool 1 Pool 2
------ ------
xi) Senior Percentage:........................ 94.81920000% 97.13360000%
xii) Group I Senior Percentage:................ 84.46585582% 86.71329500%
xiii)Group II Senior Percentage:............... 10.35334418% 10.42030500%
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:........................ 5.18080000% 2.86640000%
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: $ 256,600.47 7.50000000%
Class 1-A7B Certificates: $ 343,867.59 7.50000000%
Class 1-A7C Certificates: $ 83,807.31 7.50000000%
Class 1-A7D Certificates: $ 23,116.11 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: $ 144,753.67 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
SEPTEMBER 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 ..........................$ 313,514.32
(b) Interest ...........................$ 2,871,695.21
(c) Total ..............................$ 3,185,209.53
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal ..........................$ 313,514.32
(b) Interest ...........................$ 2,791,110.24
(c) Total ..............................$ 3,104,624.56
3. Aggregate Principal Prepayments in part received and applied in prior
month:....................................$ 345,786.18
4. Aggregate Principal Prepayments in full received in prior month:
(a) Principal ..........................$ 4,453,069.19
(b) Interest ...........................$ 24,726.90
(c) Total ..............................$ 4,477,796.09
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:..........$ 427,682,850.65
10. Available Funds: ........................$ 7,928,206.83
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:............$ 7,698.79
14. Accrued Certificate Interest, Unpaid Class Interest Shortfalls and
Pay-out Rate:
Class 3-A1........$ 170,189.44 $ 0.00 7.49999989%
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........$ 265,454.96 $ 0.00 7.50000003%
Class 3-A6........$ 265,454.95 $ 0.00 7.49999992%
Class 3-A7 .......$ 361,671.38 $ 0.00 7.50000002%
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.......$ 28,748.26 $ 0.00 7.49999907%
Class 3-A15.......$ 19,897.33 $ 0.00 7.49999953%
Class 3-M.........$ 34,715.46 $ 0.00 7.49999895%
Class 3-B1........$ 27,771.13 $ 0.00 7.50000101%
Class 3-B2........$ 27,771.13 $ 0.00 7.50000101%
Class 3-B3........$ 13,888.68 $ 0.00 7.50000152%
Class 3-B4........$ 4,166.56 $ 0.00 7.49992237%
Class 3-B5........$ 9,724.41 $ 0.00 7.49997489%
Class 3-S.........$ 115,624.88 $ 0.00 0.34970000%
Class 3-R.........$ 0.00 $ 0.00 0.00000000%
15. Accrual Amount:
Class 3-A13........................... $ 50,811.12
16. Principal distributable:
Class 3-A1.....$ 3,692,403.42
Class 3-A2.....$ 0.00
Class 3-A3.....$ 0.00
Class 3-A4.....$ 0.00
Class 3-A5.....$ 30,761.40
Class 3-A6.....$ 30,761.39
Class 3-A7.....$ 1,344,034.64
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....$ 50,811.12
Class 3-A15....$ 0.00
Class 3-PO.....$ 730.45
Class 3-M......$ 4,022.89
Class 3-B1.....$ 3,218.17
Class 3-B2.....$ 3,218.17
Class 3-B3.....$ 1,609.44
Class 3-B4.....$ 482.83
Class 3-B5.....$ 1,126.89
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:.................. 0.320600%
19. Other Amounts:
A. Senior Percentage for such Distribution Date: ....... 95.628587%
B. Group I Senior Percentage for such Distribution Date: 75.966803%
C. Group II Senior Percentage for such Distribution Date: 19.661784%
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: ....... 4.371413%
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
SEPTEMBER 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
$1,000:
1. The amount of such distribution allocable to principal:
Class 3-A1.....$ 100.89741120 Class 3-A13....$ 0.00000000
Class 3-A2.....$ 0.00000000 Class 3-A14....$ 10.47852455
Class 3-A3.....$ 0.00000000 Class 3-A15....$ 0.00000000
Class 3-A4.....$ 0.00000000 Class 3-PO.....$ 0.95485579
Class 3-A5.....$ 0.72172421 Class 3-M......$ 0.72172408
Class 3-A6.....$ 0.72172399 Class 3-B1.....$ 0.72172460
Class 3-A7.....$ 21.93397121 Class 3-B2.....$ 0.72172460
Class 3-A8.....$ 0.00000000 Class 3-B3.....$ 0.72172197
Class 3-A9.....$ 0.00000000 Class 3-B4.....$ 0.72171898
Class 3-A10....$ 0.00000000 Class 3-B5.....$ 0.72172679
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.....$ 94.96399273 Class 3-A13....$ 0.00000000
Class 3-A2.....$ 0.00000000 Class 3-A14....$ 9.86231973
Class 3-A3.....$ 0.00000000 Class 3-A15....$ 0.00000000
Class 3-A4.....$ 0.00000000 Class 3-PO.....$ 0.89870411
Class 3-A5.....$ 0.67928217 Class 3-M......$ 0.00000000
Class 3-A6.....$ 0.67928196 Class 3-B1.....$ 0.00000000
Class 3-A7.....$ 20.64411225 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.....$ 4.65054111 Class 3-A13....$ 0.00000000
Class 3-A2.....$ 6.25000000 Class 3-A14....$ 5.92861067
Class 3-A3.....$ 6.25000000 Class 3-A15....$ 6.24999961
Class 3-A4.....$ 6.25000000 Class 3-M......$ 6.22810549
Class 3-A5.....$ 6.22810637 Class 3-B1.....$ 6.22810720
Class 3-A6.....$ 6.22810628 Class 3-B2.....$ 6.22810720
Class 3-A7.....$ 5.90229552 Class 3-B3.....$ 6.22810762
Class 3-A8.....$ 6.25000000 Class 3-B4.....$ 6.22804185
Class 3-A9.....$ 6.25000000 Class 3-B5.....$ 6.22808546
Class 3-A10....$ 6.25000000 Class 3-R......$ 0.00000000
Class 3-A11....$ 6.25000000 Class 3-S......$ 0.25928446
Class 3-A12....$ 6.25000000
4. Accrual Amount:
Class A13......................$ 50,811.12
5. The amount of servicing compensation received by the Company during the
month preceding the month of distribution:...........$ 88,426.65
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:............$ 427,682,850.65
The aggregate number of Mortgage Loans included in the Scheduled Principal
Balance set forth above:.............................$ 1,509
<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........................$ 23,537,907.39 $ 643.19
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........................$ 42,442,032.04 $ 995.78
Class 3-A6........................$ 42,442,031.09 $ 995.78
Class 3-A7........................$ 56,523,385.97 $ 922.43
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.......................$ 8,180,589.95 $ 1,038.09
Class 3-A14.......................$ 4,548,911.05 $ 938.10
Class 3-A15.......................$ 3,183,573.00 $ 1,000.00
Class 3-PO........................$ 760,516.11 $ 994.16
Class 3-M.........................$ 5,550,451.49 $ 995.78
Class 3-B1........................$ 4,440,162.03 $ 995.78
Class 3-B2........................$ 4,440,162.03 $ 995.78
Class 3-B3........................$ 2,220,578.91 $ 995.78
Class 3-B4........................$ 666,173.67 $ 995.78
Class 3-B5........................$ 1,554,783.92 $ 995.78
Class 3-R.........................$ 0.00 $ 0.00
Class 3-S.........................$ 391,689,389.63 $ 955.96
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 $ 4,082,356.06
(2) 60-89 days
Number 5 Principal Balance $ 1,183,210.49
(3) 90 days or more
Number 1 Principal Balance $ 545,098.55
(b) in foreclosure
Number 1 Principal Balance $ 263,504.28
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: .............................. 0.320600%
12. Senior Percentage for such Distribution Date: ............ 95.62858700%
13. Group I Senior Percentage for such Distribution Date: .... 75.96680300%
14. Group II Senior Percentage for such Distribution Date: ... 19.66178400%
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: ............ 4.37141300%
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: $ 1,804,859.80
(2) Aggregate Monthly Payments received and Monthly Advances made this
Month:
(a) Principal $ 189,789.57
(b) Interest $ 1,507,057.26
(c) Total $ 1,696,846.83
(3) Aggregate Principal Prepayments in part received on Self- Amortizing
Mortgage Loans and applied in the applicable Prepayment Period:
(a) Principal $ 142,811.96
(c) Total $ 142,811.96
(4) Aggregate Principal Prepayments in full received in the applicable
Prepayment period:
(a) Principal $ 2,397,162.95
(b) Interest $ 22,595.23
(c) Total $ 2,419,758.18
<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: $ 188,385,454.68
(11) Available Funds: $ 4,168,524.79
(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: $ 2,179.27
(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 9.165%
Class B4 36157T5N7 9.165%
Class B5 36157T5P2 9.165%
Class S 36196HE4S 2.09%
<PAGE>
(20) Accrued Certificate Interest and Pay-out Rate:
Class A1 36157T4B4 $ 363,226.61 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 $ 327,427.22 2.09%
Class M 36157T4J7 $ 33,652.88 7.500%
Class B1 36157T4K4 $ 24,477.07 7.500%
Class B2 36157T4L2 $ 15,301.26 7.500%
Class B3 36157T5M9 $ 9,723.11 9.165%
Class B4 36157T5N7 $ 2,986.49 9.165%
Class B5 36157T5P2 $ 13,466.13 9.165%
Total $ 1,438,760.32
(21) Principal distributable:
Class A1 36157T4B4 $ 2,714,475.03
Class A2 36157T4C2 $ 0.00
Class A3 36157T4D0 $ 0.00
Class A4 36157T4E8 $ 0.00
Class A5 36157T4F5 $ 0.00
Class M 36157T4J7 $ 5,424.59
Class B1 36157T4K4 $ 3,945.52
Class B2 36157T4L2 $ 2,466.45
Class B3 36157T5M9 $ 1,282.59
Class B4 36157T5N7 $ 393.95
Class B5 36157T5P2 $ 1,776.34
Class R1 36157T4G3 $ 0.00
Class R2 36157T4H1 $ 0.00
Total $ 2,729,764.48
(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: 91.943996%
(2) Senior Prepayment Percentage for such Distribution Date: 100.000000%
<PAGE>
(3) Junior Percentage for such Distribution Date: 8.056004%
(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 $ 36.37974972
Class A2 36157T4C2 $ 0.00000000
Class A3 36157T4D0 $ 0.00000000
Class A4 36157T4E8 $ 0.00000000
Class A5 36157T4F5 $ 0.00000000
Class M 36157T4J7 $ 0.99735126
Class B1 36157T4K4 $ 0.99735126
Class B2 36157T4L2 $ 0.99735126
Class B3 36157T5M9 $ 0.99735126
Class B4 36157T5N7 $ 0.99735126
Class B5 36157T5P2 $ 0.99735126
Class R1 36157T4G3 $ 0.00000000
Class R2 36157T4H1 $ 0.00000000
(2) Aggregate Principal prepayments included in distribution:
<PAGE>
Class A1 36157T4B4 $ 2,539,974.91
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 $ 4.86801060 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 $ 1.73807057 2.09%
Class M 36157T4J7 $ 6.18732867 7.500%
Class B1 36157T4K4 $ 6.18732867 7.500%
Class B2 36157T4L2 $ 6.18732867 7.500%
Class B3 36157T5M9 $ 7.56073909 9.165%
Class B4 36157T5N7 $ 7.56073909 9.165%
Class B5 36157T5P2 $ 7.56073909 9.165%
(4) Servicing Compensation: $ 89,587.75
The amounts below are for the aggregate of all Certificates:
(5) Pool Principal Balance: $ 188,385,454.68
number of Mortgage Loans: 3,022
(6) Class Certificate Principal Balance of each Class; Certificate
Principal Balance of Single Certificate of each class:
<PAGE>
Single
Class Certificate
Class Cusip# Balance Balance
----- ------ ------- -------
Class A1 36157T4B4 $ 62,633,640.94 $ 839.42425706
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 $ 5,379,036.31 $ 988.97523553
Class B1 36157T4K4 $ 3,912,386.03 $ 988.97523553
Class B2 36157T4L2 $ 2,445,735.76 $ 988.97523553
Class B3 36157T5M9 $ 1,271,822.15 $ 988.97523553
Class B4 36157T5N7 $ 390,645.22 $ 988.97523553
Class B5 36157T5P2 $ 1,761,424.23 $ 988.97523553
Class R1 36157T4G3 $ 0.00 $ 0.00000000
Class R2 36157T4H1 $ 0.00 $ 0.00000000
(7) Book value of real estate acquired on behalf of Certificate-
holders: $ 0.00000000
number of related Mortgage Loans: 0
(8) Aggregate Scheduled Principal Balance and number of delinquent
Mortgage Loans:
One Payment Delinquent $ 2,902,870.98
56
Two Payments Delinquent $ 1,226,362.76
20
Three or more Payments Delinquent $ 557,661.09
16
TOTAL $ 4,686,894.83
92
In foreclosure $ 268,242.50
4
(9) Aggregate Scheduled Principal Balance and number of replaced Mortgage
Loans: $ 0.00
0
<PAGE>
(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 9.165%
Class B4 36157T5N7 9.165%
Class B5 36157T5P2 9.165%
Class S 36197HE1S 2.09%
(12) Senior Percentage for such Distribution Date: 91.943996%
(13) Senior Prepayment Percentage for such Distribution Date: 100.000000%
(14) Junior Percentage for such Distribution Date: 8.056004%
(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
SEPTEMBER 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 ...............................$ 242,777.68
(b) Interest ................................$ 2,271,485.88
(c) Total ...................................$ 2,514,263.56
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal ...............................$ 242,777.68
(b) Interest ................................$ 2,205,514.35
(c) Total ...................................$ 2,448,292.03
3. Aggregate Principal Prepayments in part received and applied in prior
month: ........................................$ 155,723.13
4. Aggregate Principal Prepayments in full received in prior month:
(a) Principal ...............................$ 4,390,781.33
(b) Interest ................................$ 26,014.46
(c) Total ...................................$ 4,416,795.79
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: ............$ 339,618,081.71
10. Available Funds: .............................$ 7,020,810.95
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: ................$ 4,345.02
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...$ 199,152.32 $ 0.00 7.49999984%
Class 4-A3...$ 140,912.50 $ 0.00 7.50000000%
Class 4-A4...$ 176,840.29 $ 0.00 7.49999988%
Class 4-A5...$ 284,725.00 $ 0.00 7.50000000%
Class 4-A6...$ 42,510.29 $ 0.00 7.49999992%
<PAGE>
Class 4-A7 ..$ 0.00 $ 0.00 0.00000000%
Class 4-A8 ..$ 342,549.31 $ 0.00 7.50000010%
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....$ 27,324.42 $ 0.00 7.50000005%
Class 4-B1...$ 21,858.29 $ 0.00 7.50000024%
Class 4-B2...$ 21,858.29 $ 0.00 7.50000024%
Class 4-B3...$ 10,932.26 $ 0.00 7.49999931%
Class 4-B4...$ 3,278.42 $ 0.00 7.49997312%
Class 4-B5...$ 7,648.38 $ 0.00 7.49998897%
Class 4-S....$ 82,680.58 $ 0.00 0.31500000%
Class 4-R....$ 0.00 $ 0.00 0.00000000%
16. Principal distributable:
Class 4-A1.....$ 0.00
Class 4-A2.....$ 2,529,770.09
Class 4-A3.....$ 0.00
Class 4-A4.....$ 830,103.18
Class 4-A5.....$ 0.00
Class 4-A6.....$ 64,077.21
Class 4-A7.....$ 0.00
Class 4-A8.....$ 1,418,436.35
Class 4-A9.....$ 0.00
Class 4-A10....$ 0.00
Class 4-A11....$ 0.00
Class 4-A12....$ 0.00
Class 4-PO.....$ 496.56
Class 4-M......$ 3,081.26
Class 4-B1.....$ 2,464.87
Class 4-B2.....$ 2,464.87
Class 4-B3.....$ 1,232.79
Class 4-B4.....$ 369.70
Class 4-B5.....$ 862.47
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:..... 0.288100%
19. Accrual Amount A7 Certificates..............$ 64,077.21
<PAGE>
B. Other Amounts:
1. Senior Percentage for such Distribution Date: .......... 95.676750%
2. Group I Senior Percentage for such Distribution Date: .. 79.076611%
3. Group II Senior Percentage for such Distribution Date: . 16.600139%
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: .......... 4.323250%
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
SEPTEMBER 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....$ 70.71730327 Class 4-PO....$ 0.83631017
Class 4-A3....$ 0.00000000 Class 4-M.....$ 0.70284215
Class 4-A4....$ 28.06583426 Class 4-B1....$ 0.70284289
Class 4-A5....$ 0.00000000 Class 4-B2....$ 0.70284289
Class 4-A6....$ 9.08381202 Class 4-B3....$ 0.70284493
Class 4-A7....$ 0.00000000 Class 4-B4....$ 0.70285171
Class 4-A8....$ 25.38952065 Class 4-B5....$ 0.70283687
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....$ 67.27967666 Class 4-M.....$ 0.00000000
Class 4-A3....$ 0.00000000 Class 4-PO....$ 0.79565644
Class 4-A4....$ 26.70153084 Class 4-B1....$ 0.00000000
Class 4-A5....$ 0.00000000 Class 4-B2....$ 0.00000000
Class 4-A6....$ 8.64224040 Class 4-B3....$ 0.00000000
Class 4-A7....$ 0.00000000 Class 4-B4....$ 0.00000000
Class 4-A8....$ 24.15531505 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....$ 5.56711263 Class 4-M.....$ 6.23276004
Class 4-A3....$ 6.25000000 Class 4-PO....$ 0.00000000
Class 4-A4....$ 5.97897995 Class 4-B1....$ 6.23276019
Class 4-A5....$ 6.25000000 Class 4-B2....$ 6.23276019
Class 4-A6....$ 6.02640913 Class 4-B3....$ 6.23275941
Class 4-A7....$ 0.00000000 Class 4-B4....$ 6.23273764
Class 4-A8....$ 6.13151431 Class 4-B5....$ 6.23275418
Class 4-A9....$ 6.25000000 Class 4-R.....$ 0.00000000
Class 4-A10...$ 6.25000000 Class 4-S.....$ 0.23575805
Class 4-A11...$ 6.25000000
iv) The amount of servicing compensation received by the Company during
the month preceding the month of distribution:$ 70,572.27
(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:..$ 339,618,081.71
The aggregate number of Mortgage Loans included in the Scheduled
Principal Balance set forth above:............ 1,217
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...............$ 29,334,601.79 $ 820.02
Class 4-A3...............$ 22,546,000.00 $ 1,000.00
Class 4-A4...............$ 27,464,343.67 $ 928.57
Class 4-A5...............$ 45,556,000.00 $ 1,000.00
Class 4-A6...............$ 6,737,569.26 $ 955.14
Class 4-A7...............$ 10,316,430.74 $ 1,031.64
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...............$ 591,146.53 $ 995.61
Class 4-M................$ 4,368,825.91 $ 996.54
Class 4-B1...............$ 3,494,861.42 $ 996.54
Class 4-B2...............$ 3,494,861.42 $ 996.54
Class 4-B3...............$ 1,747,928.97 $ 996.54
Class 4-B4...............$ 524,179.38 $ 996.54
Class 4-B5...............$ 1,222,880.13 $ 996.54
Class 4-R................$ 0.00 $ 0.00
Class 4-S................$ 310,207,935.04 $ 965.89
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 13 *Principal Balance $ 3,122,316.97
(2) 60-89 days
Number 0 Principal Balance $ 0.00
(3) 90 days or more
Number 2 Principal Balance $ 347,238.89
(b) in foreclosure
Number 0 Principal Balance $ 0.00
<PAGE>
ix) The Scheduled Principal Balance of any Mortgage Loan replaced pursuant
to Section 2.03(b), and of any Modified Mortgage Loan purchased
pursuant to Section 3.01(c): ......................$ 0.00
x) The Certificate Interest Rates, applicable to the Interest Accrual
Period relating to such Distribution Date:
Class 4-S: ........................ 0.288100%
1. Senior Percentage for such Distribution Date: ....... 95.67675000%
2. Group I Senior Percentage for such Distribution Date: 79.07661100%
3. Group II Senior Percentage for such Distribution
Date:................................................ 16.60013900%
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: ....... 4.32325000%
8. Junior Prepayment Percentage for such Distribution
Date:................................................ 0.00000000%
Exhibit 99.11
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
SEPTEMBER 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 ..........................$ 326,339.99
(b) Interest ...........................$ 3,186,528.24
(c) Total ..............................$ 3,512,868.23
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal ..........................$ 326,339.99
(b) Interest ...........................$ 3,092,018.15
(c) Total ..............................$ 3,418,358.14
3. Aggregate Principal Prepayments in part received and applied in prior
month: ...................................$ 61,119.36
4. Aggregate Principal Prepayments in full received in prior month:
(a) Principal ..........................$ 4,819,369.51
(b) Interest ...........................$ 29,058.25
(c) Total ..............................$ 4,848,427.76
<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 ..........................$ 949,598.06
(b) Interest ...........................$ 6,029.97
(c) Total ..............................$ 955,628.03
9. Pool Scheduled Principal Balance: .......$ 472,594,348.21
10. Available Funds: ........................$ 9,283,533.29
11. Realized Losses for prior month: .........$ 0.00
12. Aggregate Realized Losses:
(a) Deficient Valuations: ................$ 0.00
(b) Special Hazard Losses: ...............$ 0.00
(c) Fraud Losses: ........................$ 0.00
(d) Excess Bankruptcy Losses: ............$ 0.00
(e) Excess Special Hazard Losses: ........$ 0.00
(f) Excess Fraud Losses: .................$ 0.00
(g) Debt Service Reductions: .............$ 0.00
13. Non-Credit Losses: .......................$ 0.00
14. Compensating Interest Payment: ...........$ 4,070.64
<PAGE>
15. Accrued Certificate Interest, Unpaid Class Interest Shortfalls and
Pay-out Rate:
Class 5-A1....$ 187,870.08 $ 0.00 7.50000011%
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....$ 61,955.31 $ 0.00 7.49999963%
Class 5-A6....$ 1,296,159.78 $ 0.00 7.50000003%
Class 5-A7 ...$ 4,747.76 $ 0.00 7.49999378%
Class 5-PO1 ..$ 0.00 $ 0.00 0.00000000%
Class 5-PO2 ..$ 0.00 $ 0.00 0.00000000%
Class 5-M.....$ 45,822.53 $ 0.00 7.49999919%
Class 5-B1....$ 30,548.36 $ 0.00 7.50000083%
Class 5-B2....$ 22,911.27 $ 0.00 7.49999980%
Class 5-B3....$ 15,274.18 $ 0.00 7.50000083%
Class 5-B4....$ 4,582.25 $ 0.00 7.49999529%
Class 5-B5....$ 10,692.02 $ 0.00 7.50005958%
Class 5-S1....$ 49,389.79 $ 0.00 0.45620000%
Class 5-S2....$ 89,429.88 $ 0.00 0.33650000%
Class 5-R.....$ 0.00 $ 0.00 0.00000000%
16. Principal distributable:
Class 5-A1....$ 637,689.97
Class 5-A2....$ 0.00
Class 5-A3....$ 0.00
Class 5-A4....$ 0.00
Class 5-A5....$ 6,755.45
Class 5-A6....$ 4,733,487.74
Class 5-A7....$ 759,642.23
Class 5-PO1...$ 4,103.65
Class 5-PO2...$ 591.50
Class 5-M.....$ 4,996.37
Class 5-B1....$ 3,330.91
Class 5-B2....$ 2,498.19
Class 5-B3....$ 1,665.46
Class 5-B4....$ 499.64
Class 5-B5....$ 1,165.81
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:..... 0.456200%
Class 5-S2 Certificates:..... 0.336500%
<PAGE>
19. Accrual Amount A7 Certificates................$ 0.00
B. Other Amounts:
1. Senior Percentage for such Distribution Date: .......... 95.655352%
2. Category A-Senior Percentage for such Distribution Date: 10.043812%
3. Category B-Senior Percentage for such Distribution Date: 85.611540%
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: .. 51.504099%
7. Category A-Group I Senior Percentage for such
Distribution Date: ..................................... 7.970540%
8. Category B-Group I Senior Percentage for such
Distribution Date: ..................................... 43.533559%
9. Group II Senior Percentage for such Distribution Date: . 44.151253%
10. Category A-Group II Senior Percentage for such
Distribution Date: .................................... 2.073272%
11. Category B-Group II Senior Percentage for such
Distribution Date: .................................... 42.077981%
12. Category B-Group I Scheduled Distribution Percentage:.. 85.611540%
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: .......... 4.344648%
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
----------------------------------------
Karen Pickett
Vice-President,
Investor Operations
Exhibit 99.12
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
SEPTEMBER 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
$1,000:
i) The amount of such distribution allocable to principal:
Class 5-A1...$ 20.44563300 Class 5-M.....$ 0.68011218
Class 5-A2...$ 0.00000000 Class 5-B1....$ 0.68011150
Class 5-A3...$ 0.00000000 Class 5-B2....$ 0.68011345
Class 5-A4...$ 0.00000000 Class 5-B3....$ 0.68011354
Class 5-A5...$ 0.68011257 Class 5-B4....$ 0.68011636
Class 5-A6...$ 22.81735652 Class 5-B5....$ 0.68010589
Class 5-A7...$ 72.34687905 Class 5-R.....$ 0.00000000
Class 5-PO1..$ 30.25848064
Class 5-PO2..$ 1.18385716
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...$ 19.40647469 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...$ 0.64554555 Class 5-B4....$ 0.00000000
Class 5-A6...$ 21.65765432 Class 5-B5....$ 0.00000000
Class 5-A7...$ 68.66981704 Class 5-R.....$ 0.00000000
Class 5-PO1..$ 28.72058003
Class 5-PO2..$ 1.12368710
<PAGE>
iii) The amount of such distribution to the Certificateholders of each
class, allocable to Interest:
Class 5-A1...$ 6.02349557 Class 5-B1....$ 6.23742189
Class 5-A2...$ 6.25000000 Class 5-B2....$ 6.23742104
Class 5-A3...$ 6.25000000 Class 5-B3....$ 6.23742189
Class 5-A4...$ 6.25000000 Class 5-B4....$ 6.23741729
Class 5-A5...$ 6.23742089 Class 5-B5....$ 6.23747079
Class 5-A6...$ 6.24802290 Class 5-R.....$ 0.00000000
Class 5-A7...$ 0.45216762 Class 5-S1....$ 0.49593490
Class 5-M....$ 6.23742052 Class 5-S2....$ 0.89798719
iv) The amount of servicing compensation received by the Company during
the month preceding the month of distribution:$ 97,046.04
(b) The amounts below are for the aggregate of all Certificates.
v) The Pool Scheduled Principal Balances of each Mortgage Pool on the
preceding Due Date after giving effect to all distributions allocable
to principal made on such Distribution Date: $ 472,594,348.21
The aggregate number of Mortgage Loans included in the
Scheduled Principal Balance set forth above: 1,757
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.................$ 29,421,522.38 $ 943.31
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.................$ 9,906,094.64 $ 997.31
Class 5-A6.................$ 202,652,076.26 $ 976.87
Class 5-A7.................$ 0.00 $ 0.00
Class 5-PO1................$ 122,686.46 $ 904.64
Class 5-PO2................$ 497,528.30 4 995.78
Class 5-M..................$ 7,326,609.22 $ 997.31
Class 5-B1.................$ 4,884,406.15 $ 997.31
Class 5-B2.................$ 3,663,305.11 $ 997.31
Class 5-B3.................$ 2,442,203.07 $ 997.31
Class 5-B4.................$ 732,660.82 $ 997.31
<PAGE>
Class 5-B5.................$ 1,709,543.80 $ 997.31
Class 5-R..................$ 0.00 $ 0.00
Class 5-S1.................$ 128,004,171.26 $ 959.89
Class 5-S2.................$ 314,942,830.41 $ 965.62
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 18 Principal Balance $ 4,319,495.27
(2) 60-89 days
Number 2 Principal Balance $ 713,673.93
(3) 90 days or more
Number 0 Principal Balance $ 0.00
(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: ........................ 0.456200%
Class 5-S2: ........................ 0.336500%
1. Senior Percentage for such Distribution Date: ....... 95.65535200%
2. Category A-Senior Percentage for such Distribution
Date: ............................................... 10.04381200%
3. Category B-Senior Percentage for such Distribution
Date: ............................................... 85.61154000%
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: 51.50409900%
7. Category A-Group I Senior Percentage for such
Distribution Date: .................................. 7.97054000%
8. Category B-Group I Senior Percentage for such
Distribution Date: .................................. 43.53355900%
9. Group II Senior Percentage for such Distribution
Date: ............................................... 44.15125300%
10. Category A-Group II Senior Percentage for such
Distribution Date: ................................. 2.07327200%
11. Category B-Group II Senior Percentage for such
Distribution Date: ................................. 42.07798100%
12. Category B-Group I Scheduled Distribution
Percentage:......................................... 85.61154000%
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: ...... 4.34464800%
<PAGE>
24. Junior Prepayment Percentage for such Distribution
Date:............................................... 0.00000000%
25. Subordinate Certificate Writedown Amount for such
Distribution Date: ................................. 0.00000000%
Exhibit 99.13
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
SEPTEMBER 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 andTrust 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 ..............................$ 264,915.67
(b) Interest ...............................$ 2,616,719.40
(c) Total ..................................$ 2,881,635.07
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal ..............................$ 264,915.67
(b) Interest ...............................$ 2,540,846.29
(c) Total ..................................$ 2,805,761.96
3. Aggregate Principal Prepayments in part received and applied in prior
month:........................................$ 192,094.42
4. Aggregate Principal Prepayments in full received in prior month:
(a) Principal ..............................$ 5,500,977.35
(b) Interest ...............................$ 32,374.02
(c) Total ..................................$ 5,533,351.37
<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: ............$ 386,363,274.16
10. Available Funds: ............................$ 8,531,207.75
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: ...............$ 5,297.14
<PAGE>
14. Accrued Certificate Interest, Unpaid Class Interest Shortfalls and
Pay-out Rate:
Class 6-A1.......$ 334,851.32 $ 67.49 7.49848859%
Class 6-A2.......$ 169,665.80 $ 34.20 7.49848851%
Class 6-A3.......$ 50,083.66 $ 10.09 7.49848933%
Class 6-A4.......$ 355,702.39 $ 71.69 7.49848872%
Class 6-A5.......$ 37,499.35 $ 7.56 7.49848903%
Class 6-A6.......$ 252,344.13 $ 50.86 7.49848865%
Class 6-A7 ......$ 12,041.32 $ 2.43 7.49848677%
Class 6-A8 ......$ 123,640.90 $ 24.92 7.49848856%
Class 6-A9 ......$ 23,001.39 $ 4.64 7.49848695%
Class 6-A10 .....$ 64,347.41 $ 12.97 7.49848846%
Class 6-A11 .....$ 0.00 $ 0.75 0.00000000%
Component A11A ..$ 0.00 $ 0.00 0.00000000%
Component A11B ..$ 0.00 $ 0.00 0.00000000%
Class 6-A12 .....$ 370.68 $ 0.07 7.49861303%
Class 6-A13 .....$ 89,388.23 $ 18.02 7.49848836%
Class 6-A14 .....$ 0.00 $ 0.17 0.00000000%
Class 6-A15 .....$ 55,006.87 $ 11.09 7.49848788%
Class 6-A16 .....$ 144,516.98 $ 29.13 7.14855927%
Class 6-A17 .....$ 483,157.44 $ 97.38 7.24853905%
Class 6-A18 .....$ 142,409.00 $ 28.70 8.99818686%
Class 6-PO ......$ 0.00 $ 0.00 0.00000000%
Class 6-M........$ 37,519.71 $ 7.56 7.49848942%
Class 6-B1.......$ 25,013.14 $ 5.04 7.49849004%
Class 6-B2.......$ 18,759.85 $ 3.78 7.49848867%
Class 6-B3.......$ 12,506.53 $ 2.52 7.49846793%
Class 6-B4.......$ 3,751.91 $ 0.76 7.49837368%
Class 6-B5.......$ 8,754.58 $ 1.76 7.49844703%
Class 6-S........$ 124,315.61 $ 24.12 0.39982243%
Class 6-R........$ 0.00 $ 0.00 0.00000000%
15. Accrual Amount:
Class A11A Component $ 0.00
Class A11B Component $ 3,724.29
Class A14 Component $ 847.83
16. Principal distributable:
Class 6-A1.......$ 1,280,275.58 Class 6-A14...$ 0.00
Class 6-A2.......$ 0.00 Class 6-A15...$ 0.00
Class 6-A3.......$ 0.00 Class 6-A16...$ 579,596.21
Class 6-A4.......$ 38,429.62 Class 6-A17...$ 1,911,011.80
Class 6-A5.......$ 0.00 Class 6-A18...$ 453,740.57
Class 6-A6.......$ 619,170.32 Class 6-PO....$ 3,449.96
Class 6-A7.......$ 0.00 Class 6-M.....$ 4,053.58
Class 6-A8.......$ 13,358.00 Class 6-B1....$ 2,702.39
<PAGE>
Class 6-A9.......$ 0.00 Class 6-B2....$ 2,026.79
Class 6-A10......$ 451,463.97 Class 6-B3....$ 1,351.19
Class 6-A11......$ 599,730.55 Class 6-B4....$ 405.36
Component-A11A.....$ 0.00 Class 6-B5....$ 945.83
Component-A11B.....$ 599,730.55 Class 6-R.....$ 0.00
Class 6-A12......$ 847.83
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:..... 0.399822%
B. Other Amounts:
1. Senior Percentage for such Distribution Date: .......... 95.659045%
2. Category A-Senior Percentage for such Distribution Date: 68.617880%
3. Category B-Senior Percentage for such Distribution Date: 19.774425%
4. Category C-Senior Percentage for such Distribution Date: 7.266740%
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: .. 72.385376%
9. Category A-Group I Senior Percentage for such
Distribution Date: ..................................... 54.092923%
10. Category B-Group I Senior Percentage for such
Distribution Date: ................................... 14.725601%
11. Category C-Group I Senior Percentage for such
Distribution Date: ................................... 3.566852%
12. Category C-Group I Scheduled Distribution Percentage for
such Distribution Date: ............................... 7.266740%
13. Group II Senior Percentage for such Distribution Date: 23.273669%
<PAGE>
14. Category A-Group II Senior Percentage for such
Distribution Date: ................................... 14.524957%
15. Category B-Group II Senior Percentage for such
Distribution Date: ................................... 5.048824%
16. Category C-Group II Senior Percentage for such
Distribution Date: ................................... 3.699888%
17. Category C-Group II Scheduled Distribution Percentage
for such Distribution Date: .......................... 0.000000%
r
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: ........ 4.340955%
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
SEPTEMBER 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
$1,000:
i) The amount of such distribution allocable to principal:
Class 6-A1.......$ 23.10647681 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.......$ 0.67420386 Class 6-A16.....$ 23.10647682
Class 6-A5.......$ 0.00000000 Class 6-A17.....$ 23.10647673
Class 6-A6.......$ 15.24073253 Class 6-A18.....$ 23.10647691
Class 6-A7.......$ 0.00000000 Class 6-PO......$ 8.24677860
Class 6-A8.......$ 0.67420381 Class 6-M.......$ 0.67420387
Class 6-A9.......$ 0.00000000 Class 6-B1......$ 0.67420476
Class 6-A10......$ 42.42300550 Class 6-B2......$ 0.67420399
Class 6-A11......$ 251.98762605 Class 6-B3......$ 0.67420243
Component A11A...$ 0.00000000 Class 6-B4......$ 0.67420776
Component A11B...$ 288.33000000 Class 6-B5......$ 0.67419773
Class 6-A12......$ 13.89885246 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.......$ 22.12171530 Class 6-A14.....$ 0.00000000
Class 6-A2.......$ 0.00000000 Class 6-A15.....$ 0.00000000
Class 6-A3.......$ 0.00000000 Class 6-A16.....$ 22.12171531
Class 6-A4.......$ 0.64547036 Class 6-A17.....$ 22.12171523
<PAGE>
Class 6-A5.......$ 0.00000000 Class 6-A18.....$ 22.12171540
Class 6-A6.......$ 14.59119661 Class 6-PO......$ 7.89531394
Class 6-A7.......$ 0.00000000 Class 6-M.......$ 0.00000000
Class 6-A8.......$ 0.64547031 Class 6-B1......$ 0.00000000
Class 6-A9.......$ 0.00000000 Class 6-B2......$ 0.00000000
Class 6-A10......$ 40.61500408 Class 6-B3......$ 0.00000000
Class 6-A11......$ 241.24831186 Class 6-B4......$ 0.00000000
Component A11A...$ 0.00000000 Class 6-B5......$ 0.00000000
Component A11B...$ 276.04183130 Class 6-R.......$ 0.00000000
Class 6-A12......$ 13.30650534
Class 6-A13......$ 0.00000000
iii) The amount of such distribution to the Certificateholders of each
class, allocable to Interest:
Class 6-A1.......$ 6.04341314 Class 6-A15.....$ 6.24873990
Class 6-A2.......$ 6.24874042 Class 6-A16.....$ 5.76138731
Class 6-A3.......$ 6.24874111 Class 6-A17.....$ 5.84196610
Class 6-A4.......$ 6.24039281 Class 6-A18.....$ 7.25209621
Class 6-A5.......$ 6.24874086 Class 6-M.......$ 6.24039339
Class 6-A6.......$ 6.21139171 Class 6-B1......$ 6.24039391
Class 6-A7.......$ 6.24873897 Class 6-B2......$ 6.24039276
Class 6-A8.......$ 6.24039267 Class 6-B3......$ 6.24037550
Class 6-A9.......$ 6.24873912 Class 6-B4......$ 6.24029712
Class 6-A10......$ 6.04657450 Class 6-B5......$ 6.24035812
Class 6-A11......$ 0.00000000 Class 6-R.......$ 0.00000000
Component A11A...$ 0.00000000 Class 6-S.......$ 0.62029654
Component A11B...$ 0.00000000
Class 6-A12......$ 6.07672131
Class 6-A13......$ 6.24874030
Class 6-A14......$ 0.00000000
iv) Accrual Amount:
Class A11A Component $ 0.00
Class A11B Component $ 3,724.29
Class A14 Component $ 847.83
v) The amount of servicing compensation received by the Company during
the month preceding the month of distribution:........$ 83,810.67
(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:..........$ 386,363,274.16
<PAGE>
The aggregate number of Mortgage Loans included in the
Scheduled Principal Balance set forth above:........... 1,304
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...................$ 52,306,734.53 $ 944.03
Class 6-A2...................$ 27,152,000.00 $ 1,000.00
Class 6-A3...................$ 8,015,000.00 $ 1,000.00
Class 6-A4...................$ 56,885,423.17 $ 997.99
Class 6-A5...................$ 6,001,105.00 $ 1,000.00
Class 6-A6...................$ 39,764,028.23 $ 978.78
Class 6-A7...................$ 1,927,000.00 $ 1,000.00
Class 6-A8...................$ 19,773,173.50 $ 997.99
Class 6-A9...................$ 3,680,965.00 $ 1,000.00
Class 6-A10..................$ 9,846,197.00 $ 925.22
Class 6-A11..................$ 0.00 $ 0.00
Component A11A...............$ 0.00 $ 0.00
Component A11B...............$ 0.00 $ 0.00
Class 6-A12..................$ 58,471.94 $ 958.56
Class 6-A13..................$ 14,305,000.00 $ 1,000.00
Class 6-A14..................$ 136,528.06 $ 1,018.87
Class 6-A15..................$ 8,802,874.00 $ 1,000.00
Class 6-A16..................$ 23,679,890.13 $ 944.03
Class 6-A17..................$ 78,075,993.04 $ 944.03
Class 6-A18..................$ 18,537,952.16 $ 944.03
Class 6-PO...................$ 414,058.99 $ 989.77
Class 6-M....................$ 6,000,309.36 $ 997.99
Class 6-B1...................$ 4,000,205.91 $ 997.99
Class 6-B2...................$ 3,000,154.18 $ 997.99
Class 6-B3...................$ 2,000,102.46 $ 997.99
Class 6-B4...................$ 600,030.44 4 997.99
Class 6-B5...................$ 1,400,077.06 $ 997.99
Class 6-R....................$ 0.00 $ 0.00
Class 6-S....................$ 367,446,987.88 $ 962.97
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 20 Principal Balance $ 5,767,153.02
(2) 60-89 days
Number 0 Principal Balance $ 0.00
(3) 90 days or more
Number 1 Principal Balance $ 240,000.00
(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 6-S: ....................... 0.399822%
xiii) Senior Percentage for such Distribution Date: 95.65904500%
xiv) Category A-Senior Percentage for such Distribution Date: 68.61788000%
xv) Category B-Senior Percentage for such Distribution Date: 19.77442500%
xvi) Category C-Senior Percentage for such Distribution Date: 7.26674000%
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: 72.38537600%
xxi) Category A-Group I Senior Percentage for such
Distribution Date: 54.09292300%
<PAGE>
xxii)Category B-Group I Senior Percentage for such
Distribution Date: 14.72560100%
xxiii)Category C-Group I Senior Percentage for such
Distribution Date: 3.56685200%
xxiv)Category C-Group I Scheduled Distribution Percentage for
such Distribution Date: 7.26674000%
xxv) Group II Senior Percentage for such Distribution Date: 23.27366900%
xxvi)Category A-Group II Senior Percentage for such
Distribution Date: 14.52495700%
xxvii)Category B-Group II Senior Percentage for such
Distribution Date: 5.04882400%
xxviii)Category C-Group II Senior Percentage for such
Distribution Date: 3.69988800%
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: 4.34095500%
xxxxiii) Junior Prepayment Percentage for such Distribution
Date: ... 0.00000000%
Exhibit 99.15
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
SEPTEMBER 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: $ 2,292,462.11
(2) Aggregate Monthly Payments received and Monthly Advances made this
Month:
(a) Principal $ 296,744.19
(b) Interest $ 1,955,628.02
(c) Total $ 2,252,372.21
(3) Aggregate Principal Prepayments in part received on Self- Amortizing
Mortgage Loans and applied in the applicable Prepayment Period:
(a) Principal $ 66,276.10
(c) Total $ 66,276.10
(4) Aggregate Principal Prepayments in full received in the applicable
Prepayment period:
(a) Principal $ 1,343,950.69
(b) Interest $ 17,349.26
(c) Total $ 1,361,299.95
<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 $ 242,214,796.02
(11) Available Funds: $ 3,575,498.68
<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: $ 1,272.39
(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 9.257%
Class B4 36157RAM7 9.257%
Class B5 36157RAN5 9.257%
Class S 36197HE2S 2.21%
(20) Accrued Certificate Interest and Pay-out Rate:
Class A1 36157RAA3 $ 363,038.91 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 $ 445,197.30 2.21%
Class M 36157RAH8 $ 37,617.83 7.410%
Class B1 36157RAJ4 $ 38,506.24 7.585%
Class B2 36157RAK1 $ 12,072.32 7.925%
Class B3 36157RAL9 $ 18,799.71 9.257%
Class B4 36157RAM7 $ 14,101.70 9.257%
Class B5 36157RAN5 $ 14,108.94 9.257%
Total $ 1,868,527.69
(21) Principal distributable:
Class A1 36157RAA3 $ 1,682,338.81
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 $ 7,463.43
Class B1 36157RAJ4 $ 7,463.43
Class B2 36157RAK1 $ 2,239.52
Class B3 36157RAL9 $ 2,985.62
Class B4 36157RAM7 $ 2,239.52
Class B5 36157RAN5 $ 2,240.67
Class R1 36157RAP0 $ 0.00
Class R2 36157RAQ8 $ 0.00
Total $ 1,706,970.98
(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: 91.699190%
(2) Senior Prepayment Percentage for such Distribution Date: 100.000000%
(3) Junior Percentage for such Distribution Date: 8.300810%
(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
SEPTEMBER 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 $ 25.18471272
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 $ 1.22111054
Class B1 36157RAJ4 $ 1.22111054
Class B2 36157RAK1 $ 1.22111054
Class B3 36157RAL9 $ 1.22111054
Class B4 36157RAM7 $ 1.22111054
Class B5 36157RAN5 $ 1.22111054
Class R1 36157RAP0 $ 0.00
Class R2 36157RAQ8 $ 0.00
(2) Aggregate Principal prepayments included in distribution:
<PAGE>
Class A1 36157RAA3 $ 1,410,226.79
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 $ 5.43471416 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 $ 1.83802686 2.21%
Class M 36157RAH8 $ 6.15474956 7.410%
Class B1 36157RAJ4 $ 6.30010464 7.585%
Class B2 36157RAK1 $ 6.58250880 7.925%
Class B3 36157RAL9 $ 7.68904307 9.257%
Class B4 36157RAM7 $ 7.68904307 9.257%
Class B5 36157RAN5 $ 7.68904307 9.257%
(4) Servicing Compensation: $ 113,441.71
The amounts below are for the aggregate of all Certificates:
(5) Pool Principal Balance: $ 242,214,796.02
number of Mortgage Loans: 3,417
<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 $ 62,953,668.12 $ 942.42018140
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 $ 6,084,492.73 $ 995.49946553
Class B1 36157RAJ4 $ 6,084,492.73 $ 995.49946553
Class B2 36157RAK1 $ 1,825,746.02 $ 995.49946553
Class B3 36157RAL9 $ 2,433,996.19 $ 995.49946553
Class B4 36157RAM7 $ 1,825,746.02 $ 995.49946553
Class B5 36157RAN5 $ 1,826,683.22 $ 995.49946553
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 $ 2,264,332.31
33
Two Payments Delinquent $ 501,770.19
7
Three or more Payments Delinquent $ 298,016.56
3
TOTAL $ 3,064,119.06
43
In foreclosure $ 0.00
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 9.257%
Class B4 36157RAM7 9.257%
Class B5 36157RAN5 9.257%
Class S 36197HE2S 2.21%
(12) Senior Percentage for such Distribution Date 91.699190%
(13) Senior Prepayment Percentage for such Distribution Date: 100.000000%
<PAGE>
(14) Junior Percentage for such Distribution Date: 8.300810%
(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
SEPTEMBER 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 ...........................$ 228,906.95
(b) Interest ............................$ 2,312,585.19
(c) Total ...............................$ 2,541,492.14
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal ...........................$ 228,906.95
(b) Interest ............................$ 2,239,955.14
(c) Total ...............................$ 2,468,862.09
3. Aggregate Principal Prepayments in part received and applied in prior
month: ....................................$ 54,922.10
4. Aggregate Principal Prepayments in full received in prior month:
(a) Principal ...........................$ 4,033,423.00
(b) Interest ............................$ 23,085.01
(c) Total ...............................$ 4,056,508.01
<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: ........$ 339,414,700.29
10. Available Funds: .........................$ 6,580,292.20
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: ............$ 2,732.39
<PAGE>
15. Accrued Certificate Interest, Unpaid Class Interest
Shortfalls and Pay-out Rate:
Class 7-A1....$ 229,602.25 $ 0.00 9.00000013%
Class 7-A2....$ 33,042.26 $ 0.00 7.20000019%
Class 7-A3....$ 867,241.64 $ 0.00 7.14999999%
Class 7-A4....$ 97,584.47 $ 0.00 7.12500035%
Class 7-A5....$ 231,318.84 $ 0.00 7.99999998%
Class 7-A6....$ 71,426.62 $ 0.00 7.12499972%
Class 7-A7....$ 25,859.38 $ 0.00 7.50000145%
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.....$ 32,814.11 $ 0.00 7.49999969%
Class 7-B1....$ 21,876.07 $ 0.00 7.49999854%
Class 7-B2....$ 16,407.05 $ 0.00 7.49999883%
Class 7-B3....$ 10,938.04 $ 0.00 7.50000197%
Class 7-B4....$ 3,281.46 $ 0.00 7.50012457%
Class 7-B5....$ 7,656.69 $ 0.00 7.50004947%
Class 7-S.....$ 116,475.64 $ 0.00 0.42300500%
Class 7-R.....$ 0.00 $ 0.00 0.00000000%
16. Accrual Amount:
Class 7-A9.................... $ 42,765.63
17. Principal distributable:
Class 7-A1....$ 615,299.18 Class 7-A11...$ 0.00
Class 7-A2....$ 110,685.30 Class 7-A12...$ 0.00
Class 7-A3....$ 2,925,410.34 Class 7-PO....$ 253.17
Class 7-A4....$ 221,370.62 Class 7-M.....$ 3,495.74
Class 7-A5....$ 434,328.83 Class 7-B1....$ 2,330.50
Class 7-A6....$ 0.00 Class 7-B2....$ 1,747.87
Class 7-A7....$ 42,765.63 Class 7-B3....$ 1,165.25
Class 7-A8....$ 0.00 Class 7-B4....$ 349.57
Class 7-A9....$ 0.00 Class 7-B5....$ 815.68
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:.......... 0.423005%
B. Other Amounts:
1. Senior Percentage for such Distribution Date: .......... 95.668700%
2. Senior Prepayment Percentage for such Distribution Date: 100.000000%
3. Junior Percentage for such Distribution Date: .......... 4.331300%
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
SEPTEMBER 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 $1,000:
i) The amount of such distribution allocable to principal:
Class 7-A1....$ 19.50676757 Class 7-A11...$ 0.00000000
Class 7-A2....$ 19.50676747 Class 7-A12...$ 0.00000000
Class 7-A3....$ 19.50678053 Class 7-PO....$ 0.89782419
Class 7-A4....$ 13.20071591 Class 7-M.....$ 0.66538643
Class 7-A5....$ 12.28522695 Class 7-B1....$ 0.66538833
Class 7-A6....$ 0.00000000 Class 7-B2....$ 0.66538655
Class 7-A7....$ 10.23101196 Class 7-B3....$ 0.66538833
Class 7-A8....$ 0.00000000 Class 7-B4....$ 0.66537995
Class 7-A9....$ 0.00000000 Class 7-B5....$ 0.66539124
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....$ 18.51496744 Class 7-A8....$ 0.00000000
Class 7-A2....$ 18.51496734 Class 7-A9....$ 0.00000000
Class 7-A3....$ 18.51497974 Class 7-10....$ 0.00000000
Class 7-A4....$ 12.52954003 Class 7-11....$ 0.00000000
Class 7-A5....$ 11.66059810 Class 7-12....$ 0.00000000
Class 7-A6....$ 0.00000000 Class 7-PO....$ 0.85217531
Class 7-A7....$ 9.71082741 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....$ 7.27905687 Class 7-M.....$ 6.24590598
Class 7-A2....$ 5.82324557 Class 7-B1....$ 6.24590503
Class 7-A3....$ 5.78281006 Class 7-B2....$ 6.24590527
Class 7-A4....$ 5.81913203 Class 7-B3....$ 6.24590788
Class 7-A5....$ 6.54297908 Class 7-B4....$ 6.24600995
Class 7-A6....$ 5.93749977 Class 7-B5....$ 6.24594751
Class 7-A7....$ 6.18645455 Class 7-R.....$ 0.00000000
Class 7-A8....$ 6.25000000 Class 7-S.....$ 0.34570714
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........... $ 42,765.63
v) The amount of servicing compensation received by the Company during
the month preceding the month of distribution: 0.20909999
(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: $ 339,414,700.29
The aggregate number of Mortgage Loans included in the Scheduled
Principal Balance set forth above: 1,198
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........ $ 29,998,333.71 $ 951.03
Class 7-A2........ $ 5,396,357.89 $ 951.03
Class 7-A3........ $ 142,625,634.35 $ 951.03
Class 7-A4........ $ 16,213,907.73 $ 966.86
Class 7-A5........ $ 34,263,497.27 $ 969.16
<PAGE>
Class 7-A6........ $ 12,029,747.00 $ 1,000.00
Class 7-A7........ $ 4,094,734.37 $ 979.60
Class 7-A8........ $ 2,760,000.00 $ 1,000.00
Class 7-A9........ $ 6,885,265.63 $ 1,012.54
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....... $ 281,395.70 $ 998.68
Class 7-M......... $ 5,246,762.08 $ 998.68
Class 7-B1........ $ 3,497,841.38 $ 998.68
Class 7-B2........ $ 2,623,380.54 $ 998.68
Class 7-B3........ $ 1,748,920.69 $ 998.68
Class 7-B4........ $ 524,675.31 $ 967.94
Class 7-B5........ $ 1,224,246.64 $ 998.68
Class 7-S......... $ 326,117,260.15 $ 967.94
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 20 Principal Balance $ 4,848,314.39
(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 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: ... 95.668700%
The Junior Percentage for such Distribution Date: ... 4.331300%
xii) The Senior Prepayment Percentage for such Distribution
Date:................................................ 100.000000%
The Junior Prepayment Percentage for such Distribution Date: 0.000000%
