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) November 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 November 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 $ 6,957,495.10
Series 1997-02 $ 13,218,649.79
Series 1997-03 $ 8,784,106.06
Series 1997-HE-1 $ 4,471,605.33
Series 1997-04 $ 6,749,882.36
Series 1997-05 $ 13,085,643.34
Series 1997-06 $ 10,817,075.68
Series 1997-HE-2 $ 4,810,777.79
Series 1997-07 $ 7,863,072.47
Series 1997-08 $ 10,408,135.14
Series 1997-10 $ 2,906,803.95
Series 1997-HE-3 $ 3,778,059.85
Series 1997-09 $ 12,864,970.40
Item 7. Financial Statements and Exhibits
- ------- ---------------------------------
Attached as Exhibits to Item 7 are the "Servicer's Certificate" and the
"Distribution Date Statement" filed as part of this Report.
Series Exhibit No. Description
------ ----------- -----------
Series 1997-01 99.1 Servicer's Certificate
99.2 Distribution Date Statement
Series 1997-02 99.3 Servicer's Certificate
99.4 Distribution Date Statement
Series 1997-03 99.5 Servicer's Certificate
99.6 Distribution Date Statement
Series 1997-HE-1 99.7 Servicer's Certificate
99.8 Distribution Date Statement
Series 1997-04 99.9 Servicer's Certificate
99.10 Distribution Date Statement
Series 1997-05 99.11 Servicer's Certificate
99.12 Distribution Date Statement
Series 1997-06 99.13 Servicer's Certificate
99.14 Distribution Date Statement
Series 1997-HE-2 99.15 Servicer's Certificate
99.16 Distribution Date Statement
Series 1997-07 99.17 Servicer's Certificate
99.18 Distribution Date Statement
Series 1997-08 99.19 Servicer's Certificate
99.20 Distribution Date Statement
Series 1997-10 99.21 Servicer's Certificate
99.22 Distribution Date Statement
Series 1997-HE-3 99.23 Servicer's Certificate
99.24 Distribution Date Statement
Series 1997-9 99.25 Servicer's Certificate
99.26 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/ Ken Bernier
------------------------------------------
Name: Ken Bernier
Title: Vice President,
Acquisitions
Dated as of : November 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
99.19 Series 1997-08 Servicer's Certificate
99.20 Series 1997-08 Distribution Date Statement
99.21 Series 1997-10 Servicer's Certificate
99.22 Series 1997-10 Distribution Date Statement
99.23 Series 1997-HE-3 Servicer's Certificate
99.24 Series 1997-HE-3 Distribution Date Statement
99.25 Series 1997-09 Servicer's Certificate
99.26 Series 1997-09 Distribution Date Statement
Exhibit 99.1
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
NOVEMBER 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 $ 196,117.96
(b) Interest $ 1,814,638.93
(c) Total $ 2,010,756.89
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal $ 196,117.96
(b) Interest $ 1,763,917.57
(c) Total $ 1,960,035.53
3. Aggregate Principal Prepayments in part received and applied in prior
month: $ 42,947.72
4. Aggregate Principal Prepayments in full received in prior month:
(a) Principal $ 4,928,474.95
(b) Interest $ 26,036.90
(c) Total $ 4,954,511.85
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: $ 267,861,360.90
10. Available Funds: $ 6,957,495.10
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: $ 6,860.95
14. Accrued Certificate Interest, Unpaid Class Interest Shortfalls and
Pay-out Rate:
Class 1-A1........ $ 0.00 $ 0.00 7.35000000%
Class 1-A2........ $ 129,002.23 $ 0.00 7.35000000%
Class 1-A3........ $ 366,912.00 $ 0.00 7.35000000%
Class 1-A4........ $ 456,632.38 $ 0.00 7.35000000%
Class 1-A5........ $ 65,797.78 $ 0.00 6.18750009%
Class 1-A6........ $ 14,391.09 $ 0.00 6.18749839%
Class 1-A7 ....... $ 36,449.49 $ 0.00 2.81250018%
Class 1-A8........ $ 157,156.25 $ 0.00 7.50000000%
Class 1-A9........ $ 145,000.00 $ 0.OO 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......... $ 27,957.44 $ 0.00 7.50000000%
Class 1-B1........ $ 23,298.91 $ 0.00 7.50000000%
Class 1-B2........ $ 20,497.57 $ 0.00 7.50000000%
Class 1-B3........ $ 8,391.58 $ 0.00 7.50000000%
Class 1-B4........ $ 5,590.25 $ 0.00 7.50000000%
Class 1-B5........ $ 7,457.48 $ 0.00 7.50000000%
Class 1-S......... $ 87,310.52 $ 0.00 0.42403800%
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...... $ 1,983.14
16. Principal distributable:
Class 1-A1..... $ 0.00
Class 1-A2..... $ 410,086.85
Class 1-A3..... $ 0.00
Class 1-A4..... $ 4,277,987.70
Class 1-A5..... $ 468,807.46
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..... $ 1,935.02
Class 1-M...... $ 3,211.96
Class 1-B1..... $ 2,676.75
Class 1-B2..... $ 2,354.92
Class 1-B3..... $ 964.09
Class 1-B4..... $ 642.25
Class 1-B5..... $ 856.77
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
E-1061
<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:..... 0.383700%
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: ......... 94.526558%
2. Group I Senior Percentage for such Distribution Date: . 94.526558%
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: ....... 5.473442%
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
NOVEMBER 1997
REMIC Multi-Class Pass-Through Certificates
Series 1997-1
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1997
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
The amounts below (other than for Class R) are for a Single Certificate of
$1,000:
1. The amount of such distribution allocable to principal:
Class 1-A1.... $ 0.00000000 Class 1-A13.... $ 0.00000000
Class 1-A2.... $ 19.03220170 Class 1-A14.... $ 0.00000000
Class 1-A3.... $ 0.00000000 Class 1-A15.... $ 0.00000000
Class 1-A4.... $ 53.73276351 Class 1-PO..... $ 3.13439702
Class 1-A5.... $ 31.92641378 Class 1-M...... $ 0.71361031
Class 1-A6.... $ 0.00000000 Class 1-B1..... $ 0.71360970
Class 1-A7.... $ 0.00000000 Class 1-B2..... $ 0.71361212
Class 1-A8.... $ 0.00000000 Class 1-B3..... $ 0.71361214
Class 1-A9.... $ 0.00000000 Class 1-B4..... $ 0.71361111
Class 1-A10... $ 0.00000000 Class 1-B5..... $ 0.71360960
Class 1-A11... $ 0.00000000 Class 1-R...... $ 0.00000000
Class 1-A12... $ 0.00000000 Class 1-RL..... $ 0.00000000
2. Principal Prepayments included in the above principal distribution
(including the Scheduled Principal Balances of all Defaulted Mortgage Loans
and Defective Mortgage Loans purchased pursuant to Section 2.02, 2.03 (b)
or 3.16, respectively, and any amounts deposited pursuant to Section
2.03(b) in connection with the substitution of any Mortgage Loans pursuant
to Section 2.02 or 2.03(a), the proceeds of which are being distributed on
such Distribution Date):
Class 1-A1.... $ 0.00000000 Class 1-A13.... $ 0.00000000
Class 1-A2.... $ 18.34790901 Class 1-A14.... $ 0.00000000
Class 1-A3.... $ 0.00000000 Class 1-A15.... $ 0.00000000
Class 1-A4.... $ 51.80083057 Class 1-PO..... $ 3.02170144
Class 1-A5.... $ 30.77851655 Class 1-M...... $ 0.00000000
Class 1-A6.... $ 0.00000000 Class 1-B1..... $ 0.00000000
Class 1-A7.... $ 0.00000000 Class 1-B2..... $ 0.00000000
Class 1-A8.... $ 0.00000000 Class 1-B3..... $ 0.00000000
<PAGE>
Class 1-A9.... $ 0.00000000 Class 1-B4.... $ 0.00000000
Class 1-A10... $ 0.00000000 Class 1-B5.... $ 0.00000000
Class 1-A11... $ 0.00000000 Class 1-R..... $ 0.00000000
Class 1-A12... $ 0.00000000 Class 1-RL.... $ 0.00000000
3. The amount of such distribution to the Certificateholders of each class,
allocable to Interest:
Class 1-A1..... $ 0.00000000 Class 1-A13.... $ 0.00000000
Class 1-A2..... $ 5.98701583 Class 1-A14.... $ 6.25000000
Class 1-A3..... $ 6.12500000 Class 1-A15.... $ 6.25000000
Class 1-A4..... $ 5.73543484 Class 1-M...... $ 6.21138414
Class 1-A5..... $ 4.48091664 Class 1-B1..... $ 6.21138630
Class 1-A6..... $ 5.15624866 Class 1-B2..... $ 6.21138485
Class 1-A7..... $ 2.08580773 Class 1-B3..... $ 6.21138416
Class 1-A8..... $ 6.25000000 Class 1-B4..... $ 6.21138889
Class 1-A9..... $ 6.04166667 Class 1-B5..... $ 6.21138613
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...... $ 0.29096798
4. Accrual Amount:
Class A13A $ 0.00
Class A13B $ 1,983.14
5. The amount of servicing compensation received by the Company during the
month preceding the month of distribution: $ 61,018.14
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: $ 267,861,360.90
The aggregate number of Mortgage Loans included in the Scheduled Principal
Balance set forth above: 942
<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......................$ 20,651,501.04 $ 958.44
Class 1-A3......................$ 59,904,000.00 $ 1,000.00
Class 1-A4......................$ 70,274,238.41 $ 882.66
Class 1-A5......................$ 12,291,973.93 $ 837.10
Class 1-A6......................$ 2,791,000.00 $ 1,000.00
Class 1-A7......................$ 15,082,973.93 $ 863.12
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.....................$ 319,286.27 $ 52.36
Class 1-A14.....................$ 31,000,000.00 $ 1,000.00
Class 1-A15.....................$ 2,500,000.00 $ 1,000.00
Class 1-PO......................$ 603,951.32 $ 978.30
Class 1-M.......................$ 4,469,979.18 $ 993.11
Class 1-B1......................$ 3,725,148.17 $ 993.11
Class 1-B2......................$ 3,277,256.45 $ 993.11
Class 1-B3......................$ 1,341,688.93 $ 993.11
Class 1-B4......................$ 893,797.21 $ 993.11
Class 1-B5......................$ 1,192,339.99 $ 993.11
Class 1-R.......................$ 100.00 $ 1,000.00
Class 1-RL......................$ 100.00 $ 1,000.00
Class 1-S.......................$ 242,194,007.22 $ 885.16
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 10 Principal Balance $ 2,734,204.84
(2) 60-89 days
Number 1 Principal Balance $ 63,622.46
(3) 90 days or more
Number 0 Principal Balance $ 0.00
(b) in foreclosure
Number 4 Principal Balance $ 1,485,098.83
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: ........................ 0.383700%
1. Senior Percentage for such Distribution Date: ........... 94.52655800%
2. Group I Senior Percentage for such Distribution Date: ... 94.52655800%
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: ........... 5.47344200%
8. Junior Prepayment Percentage for such Distribution Date:. 0.00000000%
Exhibit 99.3
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
NOVEMBER 1997
REMIC Multi-Class Pass-Through Certificates
Series 1997-2
Pursuant to the Pooling and Servicing Agreement dated as of February 1,
1997 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank and Trust Company (the "Trustee"), governing
the Certificates referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate Scheduled Monthly Payments:
Pool 1 Pool 2
------ ------
(a) Principal ................$ 306,391.19 $ 272,865.01
(b) Interest .................$ 2,746,924.43 $ 514,262.92
(c) Total ....................$ 3,053,315.62 $ 787,127.93
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal ................$ 306,391.19 $ 272,865.01
(b) Interest .................$ 2,667,163.65 $ 498,214.18
(c) Total ....................$ 2,973,554.84 $ 771,079.19
3. Aggregate Principal Prepayments in part received and applied in the
applicable Prepayment Period:...$ 560,474.66 $ 50,193.80
4. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal ................$ 7,685,753.99 $ 1,121,947.42
(b) Interest .................$ 49,091.13 $ 6,554.76
(c) Total ....................$ 7,734,845.12 $ 1,128,502.18
<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:........................$411,397,279.43 $ 79,919,215.65
10. Available Funds: ..............$ 11,268,874.62 $ 1,949,775.17
11. Realized Losses for Prior Month:$ 0.00 $ 0.00
12. Aggregrate Realized Losses and Debt Service Reductions:
(a) Deficient Valuations ......$ 0.00 $ 0.00
(b) Special Hazard Losses .....$ 0.00 $ 0.00
(c) Fraud Losses ..............$ 0.00 $ 0.00
(d) Excess Bankruptcy Losses ..$ 0.00 $ 0.00
(e) Excess Special Hazard Losses$ 0.00 $ 0.00
(f) Excess Fraud Losses .......$ 0.00 $ 0.00
(g) Debt Service Reductions ....$ 0.00 $ 0.00
<PAGE>
Pool 1 Pool 2
------ ------
13. Compensating Interest Payment:. $ 6,863.08 $ 1,045.18
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....$ 312,214.16 $ 0.00 7.00000000%
Class 1-A5....$ 147,170.08 $ 0.00 7.50000000%
Class 1-A6....$ 109,300.00 $ 0.00 7.50000000%
Class 1-A7....$ 356,865.90 $ 0.00 7.50000000%
Class 1-A8....$ 14,064.50 $ 0.00 6.93750000%
Class 1-A9....$ 4,181.34 $ 0.00 10.31250000%
Class 1-A10...$ 37,388.72 $ 0.00 7.50000000%
Class 1-A11...$ 140,097.81 $ 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...$ 0.00 $ 0.00 7.50000000%
Class 1-A16...$ 260,856.86 $ 0.00 7.50000000%
Class 1-A17...$ 18,632.63 $ 0.00 7.50000000%
Class 1-S.....$ 97,996.30 $ 0.00 0.31708300%
Class 1-M.....$ 55,941.37 $ 0.00 7.50000000%
Class 1-B1....$ 27,967.58 $ 0.00 7.50000000%
Class 1-B2....$ 27,967.56 $ 0.00 7.50000000%
Class 1-B3....$ 13,986.89 $ 0.00 7.50000000%
Class 1-B4....$ 4,198.50 $ 0.00 7.50000000%
Class 1-B5....$ 9,792.49 $ 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....$ 73,083.93 $ 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....$ 137,967.13 $ 0.00 7.00000000%
Class 2-A6....$ 45,953.62 $ 0.00 7.00000000%
Class 2-A7....$ 51,184.04 $ 0.00 7.00000000%
Class 2-S.....$ 30,868.79 $ 0.00 0.48976800%
Class 2-M.....$ 5,119.91 $ 0.00 7.00000000%
Class 2-B1....$ 2,559.95 $ 0.00 7.00000000%
Class 2-B2....$ 2,559.95 $ 0.00 7.00000000%
Class 2-B3....$ 1,535.98 $ 0.00 7.00000000%
Class 2-B4....$ 1,023.98 $ 0.00 7.00000000%
Class 2-B5....$ 1,280.00 $ 0.00 7.00000000%
<PAGE>
15. Principal Distribution Amount:
Class 1-A1....$ 0.00 Class 2-A1...$ 409,241.77
Class 1-A2....$ 0.00 Class 2-A2...$ 0.00
Class 1-A3....$ 0.00 Class 2-A3...$ 0.00
Class 1-A4....$ 1,106,042.78 Class 2-A4...$ 0.00
Class 1-A5....$ 292,730.25 Class 2-A5...$ 237,066.84
Class 1-A6....$ 226,183.82 Class 2-A6...$ 760,738.33
Class 1-A7....$ 518,914.08 Class 2-A7...$ 29,424.61
Class 1-A8....$ 1,630,940.50 Class 2-PO...$ 440.66
Class 1-A9....$ 326,188.09 Class 2-M....$ 2,943.28
Class 1-A10...$ 4,010,478.40 Class 2-B1...$ 1,471.64
Class 1-A11...$ 732,834.67 Class 2-B2...$ 1,471.64
Class 1-A12...$ 0.00 Class 2-B3...$ 882.98
Class 1-A13...$ 0.00 Class 2-B4...$ 588.66
Class 1-A14...$ 0.00 Class 2-B5...$ 736.18
Class 1-A15...$ 0.00
Class 1-A16...$ 30,443.03
Class 1-A17...$ 2,174.50
Class 1-PO....$ 7,547.55
Class 1-M.....$ 6,528.56
Class 1-B1....$ 3,263.92
Class 1-B2....$ 3,263.92
Class 1-B3....$ 1,632.32
Class 1-B4....$ 489.99
Class 1-B5....$ 1,142.09
Class 1-R.....$ 0.00
Class 1-RL....$ 0.00
16. Additional Distributions to the Class R Certificate pursuant to
Section 4.01 (c):........................ $ 0.00
17. Additional Distributions to the Class RL Certificate pursuant to
Section 2.05 (d):........................ $ 0.00
18. Certificate Interest Rate of:
Class 1-A8............................. 6.93750000%
Class 1-A9.............................10.31250000%
Class 1-S.............................. 0.31708300%
Class 2-S.............................. 0.48976800%
B. Other Amounts for such Distribution Date:
Pool 1 Pool 2
------ ------
1. Senior Percentage: ................... 94.65850000% 97.02900000%
2. Group I Senior Percentage: ........... 83.98385793% 86.22836500%
3. Group II Senior Percentage: .......... 10.67464207% 10.80063500%
<PAGE>
Pool 1 Pool 2
------ ------
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: ................... 5.34150000% 2.97100000%
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
NOVEMBER 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...$ 26.84608830
Class 1-A2....$ 0.00000000 Class 2-A2...$ 0.00000000
Class 1-A3....$ 0.00000000 Class 2-A3...$ 0.00000000
Class 1-A4....$ 18.65950257 Class 2-A4...$ 0.00000000
Class 1-A5....$ 11.62501790 Class 2-A5...$ 9.55953224
Class 1-A6....$ 12.06286493 Class 2-A6...$ 60.79198609
Class 1-A7....$ 5.40437090 Class 2-A7...$ 3.26940111
Class 1-A8....$ 217.45873333 Class 2-PO...$ 3.44855651
Class 1-A9....$ 217.45872667 Class 2-M....$ 3.26934847
Class 1-A10...$ 420.27773167 Class 2-B1...$ 3.26935210
Class 1-A11...$ 29.31338680 Class 2-B2...$ 3.26935210
Class 1-A12...$ 0.00000000 Class 2-B3...$ 3.26933971
Class 1-A13...$ 0.00000000 Class 2-B4...$ 3.26937069
Class 1-A14...$ 0.00000000 Class 2-B5...$ 3.27091850
Class 1-A15...$ 0.00000000
Class 1-A16...$ 0.72483405
Class 1-A17...$ 0.72483333
Class 1-PO....$ 3.35148757
Class 1-M.....$ 0.72483180
Class 1-B1....$ 0.72483233
Class 1-B2....$ 0.72483233
Class 1-B3....$ 0.72483126
Class 1-B4....$ 0.72483728
Class 1-B5....$ 0.72436605
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.....$ 21.89932439
Class 1-A2....$ 0.00000000 Class 2-A2.....$ 0.00000000
Class 1-A3....$ 0.00000000 Class 2-A3.....$ 0.00000000
Class 1-A4....$......18.02543904 Class 2-A4.....$ 0.00000000
Class 1-A5....$......11.22999130 Class 2-A5.....$ 7.79805591
Class 1-A6....$ 11.65295996 Class 2-A6.....$ 49.59021996
Class 1-A7....$ 5.22072643 Class 2-A7.....$ 2.66696864
Class 1-A8....$ 210.06932664 Class 2-PO.....$ 2.81311217
Class 1-A9....$ 210.06932021 Class 2-B1.....$ 0.00000000
Class 1-A10...$ 405.99638719 Class 2-B2.....$ 0.00000000
Class 1-A11...$ 28.31729649 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...$ 0.00000000
Class 1-A16...$ 0.70020366
Class 1-A17...$ 0.70020296
Class 1-PO....$ 3.23760157
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.....$ 5.26721120 7.00000000%
Class 1-A5.....$ 5.84447564 7.50000000%
Class 1-A6.....$ 5.82920183 7.50000000%
Class 1-A7.....$ 3.71667634 7.50000000%
Class 1-A8.....$ 1.87526667 6.93750000%
Class 1-A9.....$ 2.78756000 10.31250000%
Class 1-A10....$ 3.91814763 7.50000000%
Class 1-A11....$ 5.60391240 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....$ 0.00000000 7.50000000%
Class 1-A16....$ 6.21087762 7.50000000%
Class 1-A17....$ 6.21087667 7.50000000%
Class 1-S......$ 0.21759863 0.31708300%
Class 1-M......$ 6.21087710 7.50000000%
Class 1-B1.....$ 6.21087719 7.50000000%
Class 1-B2.....$ 6.21087275 7.50000000%
Class 1-B3.....$ 6.21087478 7.50000000%
Class 1-B4.....$ 6.21079882 7.50000000%
Class 1-B5.....$ 6.21084791 7.50000000%
Class 1-R......$ 0.00000000 7.50000000%
Class 1-RL.....$ 0.00000000 7.50000000%
Class 2-A1.....$ 4.79427512 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.....$ 5.56341506 7.00000000%
Class 2-A6.....$ 3.67223751 7.00000000%
Class 2-A7.....$ 5.68711556 7.00000000%
Class 2-S......$ 0.34239952 0.48976800%
Class 2-M......$ 5.68711435 7.00000000%
Class 2-B1.....$ 5.68710956 7.00000000%
Class 2-B2.....$ 5.68710956 7.00000000%
Class 2-B3.....$ 5.68715080 7.00000000%
Class 2-B4.....$ 5.68710324 7.00000000%
Class 2-B5.....$ 5.68716302 7.00000000%
iii) The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
Pool 1 Pool 2
------ ------
$ 89,929.19 $ 18,626.23
(b) The amounts below are for the aggregate of all certificates.
iv) The Pool Scheduled Principal Balances: $411,397,279.43 $79,919,215.65
Number of Mortgage Loans: 1,418 266
v) The Class Certificate Principal Balance of each Class and the
Certificate Principal Balance of a Single Certificate of each Class
after giving effect to all distributions allocable to principal made
on such Distribution Date and the allocation of Realized Losses
(separately identified), if any, as of such Distribution Date:
Aggregate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 1-A1........ $ 51,348,218.00 $ 1,000.00
Class 1-A2........ $ 65,627,405.00 $ 1,000.00
Class 1-A3........ $ 5,215,005.00 $ 1,000.00
Class 1-A4........ $ 52,416,385.15 $ 884.29
Class 1-A5........ $ 23,254,482.08 $ 923.49
Class 1-A6........ $ 17,261,815.83 $ 920.61
Class 1-A7........ $ 95,659,176.32 $ 996.27
<PAGE>
Class 1-A8........ $ 801,837.66 $ 106.91
Class 1-A9........ $ 160,367.53 $ 106.91
Class 1-A10....... $ 1,971,716.71 $ 206.63
Class 1-A11....... $ 21,682,814.56 $ 867.31
Class 1-A12....... $ 5,886,977.00 $ 1,000.00
Class 1-A13....... $ 1,752,000.00 $ 1,000.00
Class 1-A14....... $ 292,000.00 $ 1,000.00
Class 1-A15....... $ 0.00 $ 0.00
Class 1-A16....... $ 41,706,654.60 $ 993.02
Class 1-A17....... $ 2,979,046.76 $ 993.02
Class 1-PO........ $ 1,020,974.04 $ 974.63
Class 1-S......... $ 362,509,707.30 $ 2,175.93
Class 1-M......... $ 8,944,091.39 $ 993.02
Class 1-B1........ $ 4,471,549.19 $ 993.02
Class 1-B2........ $ 4,471,549.19 $ 993.02
Class 1-B3........ $ 2,236,271.10 $ 993.02
Class 1-B4........ $ 671,278.52 $ 993.02
Class 1-B5........ $ 1,565,663.80 $ 993.02
Class 1-R......... $ 0.00 $ 0.00
Class 1-RL........ $ 0.00 $ 0.00
Class 2-A1........ $ 12,119,432.16 $ 795.03
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........ $ 23,414,441.26 $ 944.17
Class 2-A6........ $ 7,117,024.97 $ 568.73
Class 2-A7........ $ 8,744,981.93 $ 971.66
Class 2-S......... $ 74,207,668.53 $ 880.65
Class 2-PO........ $ 123,756.35 $ 968.50
Class 2-M......... $ 874,755.79 $ 971.66
Class 2-B1........ $ 437,377.41 $ 971.66
Class 2-B2........ $ 437,377.41 $ 971.66
Class 2-B3........ $ 262,426.26 $ 971.66
Class 2-B4........ $ 174,951.15 $ 971.66
Class 2-B5........ $ 218,690.96 $ 971.66
vi) The following pertains to any real estate acquired on behalf of
Certificateholders:
Pool 1 Pool 2
------ ------
Book Value..............................$ 242,250.00 $ 0.00
Unpaid Principal Balance................$ 242,250.00 $ 0.00
The aggregate number of Mortgage Loans included in the Principal
Balance set forth above:................ 1 0
<PAGE>
vii) Aggregate number and aggregate Principal Balances of delinquent
Mortgage Loans, as of the opening of business on the related
Determination Date:
Principal
Loans Balance
----- -------
Pool 1...................................
*(1) *30-59 days 8 $ 2,382,918.32
(2) 60-89 days 1 $ 399,711.19
(3) 90 days or more 3 $ 857,061.28
(4) in foreclosure 2 $ 809,177.68
Pool 2...................................
*(1) 30-59 days 2 $ 482,543.37
(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: 6.937500%
Class 1-A9 Certificates: 10.312500%
Class 1-S Certificates: 0.317083%
Class 2-S Certificates: 0.489768%
Pool 1 Pool 2
------ ------
xi) Senior Percentage ....................... 94.65850000% 97.02900000%
xii) Group I Senior Percentag ................ 83.98385793% 86.22836500%
xiii) Group II Senior Percentage ............. 10.67464207% 10.80063500%
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 ...................... 5.34150000% 2.97100000%
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: $ 250,757.57 7.50000000%
Class 1-A7B Certificates: $ 348,179.37 7.50000000%
Class 1-A7C Certificates: $ 83,807.31 7.50000000%
Class 1-A7D Certificates: $ 22,301.01 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: $ 141,457.58 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
NOVEMBER 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 .........................$ 311,372.95
(b) Interest ..........................$ 2,787,642.53
(c) Total .............................$ 3,099,015.48
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal .........................$ 311,372.95
(b) Interest ..........................$ 2,707,532.99
(c) Total .............................$ 3,018,905.94
3. Aggregate Principal Prepayments in part received and applied in prior
month: ..................................$ 145,866.78
4. Aggregate Principal Prepayments in full received in prior month:
(a) Principal .........................$ 5,164,279.79
(b) Interest ..........................$ 30,948.11
(c) Total .............................$ 5,195,227.90
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 .........................$ 422,627.84
(b) Interest ..........................$ 1,477.60
(c) Total .............................$ 424,105.44
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: ......$ 415,621,785.24
10. Available Funds: .......................$ 8,784,106.06
11. Realized Losses for prior month: ........$ 0.00
12. Aggregate Realized Losses:
(a) Deficient Valuations: ...............$ 0.00
(b) Special Hazard Losses: ..............$ 0.00
(c) Fraud Losses: .......................$ 0.00
(d) Excess Bankruptcy Losses: ...........$ 0.00
(e) Excess Special Hazard Losses: .......$ 0.00
(f) Excess Fraud Losses: ................$ 0.00
(g) Debt Service Reductions: ............$ 0.00
13. Compensating Interest Payment: ..........$ 5,645.23
14. Accrued Certificate Interest, Unpaid Class Interest Shortfalls and
Pay-out Rate:
Class 3-A1....$ 119,892.61 $ 0.00 7.50000006%
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....$ 265,069.05 $ 0.00 7.49999994%
Class 3-A6....$ 265,069.05 $ 0.00 7.50000011%
Class 3-A7 ...$ 343,363.33 $ 0.00 7.49999991%
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...$ 28,111.14 $ 0.00 7.50000007%
Class 3-A15...$ 19,897.33 $ 0.00 7.49999953%
Class 3-M.....$ 34,665.00 $ 0.00 7.50000064%
Class 3-B1....$ 27,730.75 $ 0.00 7.49999897%
Class 3-B2....$ 27,730.75 $ 0.00 7.49999897%
Class 3-B3....$ 13,868.49 $ 0.00 7.50000193%
Class 3-B4....$ 4,160.55 $ 0.00 7.50000732%
Class 3-B5....$ 9,710.38 $ 0.00 7.50005759%
Class 3-S.....$ 109,294.58 $ 0.00 0.34003100%
Class 3-R.....$ 0.00 $ 0.00 0.00000000%
15. Accrual Amount:
Class 3-A13..........$ 51,448.24
16. Principal distributable:
Class 3-A1..... $ 4,295,950.66
Class 3-A2..... $ 0.00
Class 3-A3..... $ 0.00
Class 3-A4..... $ 0.00
Class 3-A5..... $ 73,896.73
Class 3-A6..... $ 73,896.73
Class 3-A7..... $ 1,563,725.80
Class 3-A8..... $ 0.00
Class 3-A9..... $ 0.00
Class 3-A10.... $ 0.00
Class 3-A11.... $ 0.00
Class 3-A12.... $ 0.00
Class 3-A13.... $ 0.00
Class 3-A14.... $ 51,448.24
Class 3-A15.... $ 0.00
Class 3-PO..... $ 3,818.46
Class 3-M...... $ 9,664.01
Class 3-B1..... $ 7,730.86
Class 3-B2..... $ 7,730.86
Class 3-B3..... $ 3,866.30
Class 3-B4..... $ 1,159.89
Class 3-B5..... $ 2,707.06
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:..... 0.311000%
19. Other Amounts:
A. Senior Percentage for such Distribution Date: ....... 95.519540%
B. Group I Senior Percentage for such Distribution Date: 75.367286%
C. Group II Senior Percentage for such Distribution Date: 20.152254%
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: ....... 4.480460%
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
NOVEMBER 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
$1,000:
1. The amount of such distribution allocable to principal:
Class 3-A1...$ 117.38974617 Class 3-A13...$ 0.00000000
Class 3-A2...$ 0.00000000 Class 3-A14...$ 10.60991464
Class 3-A3...$ 0.00000000 Class 3-A15...$ 0.00000000
Class 3-A4...$ 0.00000000 Class 3-PO....$ 4.99155127
Class 3-A5...$ 1.73376566 Class 3-M.....$ 1.73376570
Class 3-A6...$ 1.73376570 Class 3-B1....$ 1.73376542
Class 3-A7...$ 25.51922075 Class 3-B2....$ 1.73376542
Class 3-A8...$ 0.00000000 Class 3-B3....$ 1.73376682
Class 3-A9...$ 0.00000000 Class 3-B4....$ 1.73376682
Class 3-A10..$ 0.00000000 Class 3-B5....$ 1.73376082
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...$ 111.95086482 Class 3-A13...$ 0.00000000
Class 3-A2...$ 0.00000000 Class 3-A14...$ 10.11833792
Class 3-A3...$ 0.00000000 Class 3-A15...$ 0.00000000
Class 3-A4...$ 0.00000000 Class 3-PO....$ 4.76028358
Class 3-A5...$ 1.65343713 Class 3-M.....$ 0.00000000
Class 3-A6...$ 1.65343717 Class 3-B1....$ 0.00000000
Class 3-A7...$ 24.33686864 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...$ 3.27614635 Class 3-A13...$ 0000000000
Class 3-A2...$ 6.25000000 Class 3-A14...$ 5.79722058
Class 3-A3...$ 6.25000000 Class 3-A15...$ 6.24999961
Class 3-A4...$ 6.25000000 Class 3-M.....$ 6.21905274
Class 3-A5...$ 6.21905215 Class 3-B1....$ 6.21905136
Class 3-A6...$ 6.21905229 Class 3-B2....$ 6.21905136
Class 3-A7...$ 5.60351733 Class 3-B3....$ 6.21905381
Class 3-A8...$. 6.25000000 Class 3-B4....$ 6.21905830
Class 3-A9...$. 6.25000000 Class 3-B5....$ 6.21909982
Class 3-A10..$ 6.25000000 Class 3-R.....$ 0.00000000
Class 3-A11..$ 6.25000000 Class 3-S.....$ 0.24508900
Class 3-A12..$ 6.25000000
4. Accrual Amount:
Class A13 $ 51,448.24
5. The amount of servicing compensation received by the Company during
the month preceding the month of distribution: $ 89,218.54
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: $ 415,621,785.24
The aggregate number of Mortgage Loans included in the Scheduled
Principal Balance set forth above: 1,474
<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.....................$ 14,886,866.79 $ 406.79
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.....................$ 42,337,151.60 $ 993.31
Class 3-A6.....................$ 42,337,150.65 $ 993.31
Class 3-A7.....................$ 53,374,407.68 $ 871.04
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....................$ 8,283,166.88 $ 1,051.11
Class 3-A14....................$ 4,446,334.12 $ 916.95
Class 3-A15....................$ 3,183,573.00 $ 1,000.00
Class 3-PO.....................$ 755,866.70 $ 988.08
Class 3-M......................$ 5,536,735.52 $ 993.31
Class 3-B1.....................$ 4,429,189.75 $ 993.31
Class 3-B2.....................$ 4,429,189.75 $ 993.31
Class 3-B3.....................$ 2,215,091.53 $ 993.31
Class 3-B4.....................$ 664,527.46 $ 993.31
Class 3-B5.....................$ 1,550,941.81 $ 993.31
Class 3-R......................$ 0.00 $ 0.00
Class 3-S......................$ 379,976,493.60 $ 927.37
8. The following pertains to any real estate acquired on behalf of
Certificateholders through foreclosure, or grant of a deed in lieu of
foreclosure or otherwise, of any REO Mortgage Loan:
book value.........................................$ 0.00
unpaid principal balance...........................$ 0.00
number of related mortgage loans................... 0
<PAGE>
9. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the month
preceding the related Determination Date, were:
(a) delinquent
(1) 30-59 days
Number 11 Principal Balance $ 3,244,975.73
(2) 60-89 days
Number 3 Principal Balance $ 1,008,203.94
(3) 90 days or more
Number 0 Principal Balance $ 0.00
(b) in foreclosure
Number 3 Principal Balance $ 986,091.06
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: ........................ 0.311000%
12. Senior Percentage for such Distribution Date: ........... 95.51954000%
13. Group I Senior Percentage for such Distribution Date: ... 75.36728600%
14. Group II Senior Percentage for such Distribution Date: .. 20.15225400%
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: ............ 4.48046000%
19. Junior Prepayment Percentage for such Distribution Date: . 0.00000000%
Exhibit 99.7
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
NOVEMBER 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: $ 1,756,525.68
2) Aggregate Monthly Payments received and Monthly Advances made this
Month:
(a) Principal $ 303,871.45
(b) Interest $ 1,463,771.48
(c) Total $ 1,767,642.93
(3) Aggregate Principal Prepayments in part received on Self- Amortizing
Mortgage Loans and applied in the applicable Prepayment Period:
(a) Principal $ 48,229.17
(c) Total $ 48,229.17
(4) Aggregate Principal Prepayments in full received in the applicable
Prepayment period:
(a) Principal $ 2,720,908.56
(b) Interest $ 29,754.54
(c) Total $ 2,750,663.10
(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
<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 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 $ 183,473,997.87
(11) Available Funds: $ 4,471,605.33
(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
<PAGE>
(14) Compensating Interest Payment: $ 2,763.02
(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 9.147%
Class B4 36157T5N7 9.147%
Class B5 36157T5P2 9.147%
Class S 36196HE4S 2.06%
(20) Accrued Certificate Interest and Pay-out Rate:
Class A1 36157T4B4 $ 336,139.76 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 $ 314,650.45 2.06%
Class M 36157T4J7 $ 33,568.04 7.500%
Class B1 36157T4K4 $ 24,415.37 7.500%
Class B2 36157T4L2 $ 15,262.69 7.500%
Class B3 36157T5M9 $ 9,680.23 9.147%
Class B4 36157T5N7 $ 2,973.32 9.147%
Class B5 36157T5P2 $ 13,406.74 9.147%
Total $ 1,398,596.14
(21) Principal distributable:
Class A1 36157T4B4 $ 3,047,937.34
Class A2 36157T4C2 $ 0.00
Class A3 36157T4D0 $ 0.00
Class A4 36157T4E8 $ 0.00
Class A5 36157T4F5 $ 0.00
Class M 36157T4J7 $ 8,895.32
Class B1 36157T4K4 $ 6,469.92
Class B2 36157T4L2 $ 4,044.51
Class B3 36157T5M9 $ 2,103.21
Class B4 36157T5N7 $ 646.01
Class B5 36157T5P2 $ 2,912.87
Class R1 36157T4G3 $ 0.00
Class R2 36157T4H1 $ 0.00
Total $ 3,073,009.18
(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
<PAGE>
B. Other Amounts:
(1) Senior Percentage for such Distribution Date: 91.749196%
(2) Senior Prepayment Percentage for such Distribution Date: 100.000000%
(3) Junior Percentage for such Distribution Date: 8.250804%
(4) Junior Prepayment Percentage for such Distribution Date: 0.000000%
(5) Subordinate Certfificate Writedown Amount for such
Distribution Date: $ 0.00
(6) Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class B1 X
Class B2 X
Class B3 X
Class B4 X
Class B5 X
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
------------------------------------------
Name: Karen Pickett
Title: Vice President,
Investor Operations
Exhibit 99.8
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
NOVEMBER 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 $ 40.84885537
Class A2 36157T4C2 $ 0.00000000
Class A3 36157T4D0 $ 0.00000000
Class A4 36157T4E8 $ 0.00000000
Class A5 36157T4F5 $ 0.00000000
Class M 36157T4J7 $ 1.63546893
Class B1 36157T4K4 $ 1.63546893
Class B2 36157T4L2 $ 1.63546893
Class B3 36157T5M9 $ 1.63546893
Class B4 36157T5N7 $ 1.63546893
Class B5 36157T5P2 $ 1.63546893
Class R1 36157T4G3 $ 0.00000000
Class R2 36157T4H1 $ 0.00000000
(2) Aggregate Principal prepayments included in distribution:
Class A1 36157T4B4 $ 2,769,137.73
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
<PAGE>
(3) Amount of distribution allocable to interest Pay-out Rate:
Class A1 36157T4B4 $ 4.50498904 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 $ 1.71495938 2.06%
Class M 36157T4J7 $ 6.17173034 7.500%
Class B1 36157T4K4 $ 6.17173034 7.500%
Class B2 36157T4L2 $ 6.17173034 7.500%
Class B3 36157T5M9 $ 7.52739535 9.147%
Class B4 36157T5N7 $ 7.52739535 9.147%
Class B5 36157T5P2 $ 7.52739535 9.147%
(4) Servicing Compensation: $ 84,734.10
The amounts below are for the aggregate of all Certificates:
(5) Pool Principal Balance; $ 183,473,997.87
number of Mortgage Loans: 2,947
(6) Class Certificate Principal Balance of each Class; Certificate
Principal Balance of Single Certificate of each class:
Single
Certificate
Class Cusip# Class Balance Balance
----- ------ ------------- -------
Class A1 36157T4B4 $ 57,426,981.53 $ 769.64392591
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 $ 5,361,991.30 $ 985.84138602
Class B1 36157T4K4 $ 3,899,988.52 $ 985.84138602
Class B2 36157T4L2 $ 2,437,985.75 $ 985.84138602
Class B3 36157T5M9 $ 1,267,792.02 $ 985.84138602
Class B4 36157T5N7 $ 389,407.35 $ 985.84138602
Class B5 36157T5P2 $ 1,755,842.66 $ 985.84138602
Class R1 36157T4G3 $ 0.00 $ 0.00000000
Class R2 36157T4H1 $ 0.00 $ 0.00000000
<PAGE>
(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 $ 2,516,918.16
55
Two Payments Delinquent $ 1,258,355.45
22
Three or more Payments Delinquent $ 1,267,956.35
24
TOTAL $ 5,043,229.96
101
In foreclosure $ 556,889.36
8
(9) Aggregate Scheduled Principal Balance and number of replaced Mortgage
Loans: $ 0.00
0
(10) Unpaid Net Simple Interest Shortfall:
Class A1 36157T4B4 $ 0.00
Class A2 36157T4C2 $ 0.00
Class A3 36157T4D0 $ 0.00
Class A4 36157T4E8 $ 0.00
Class A5 36157T4F5 $ 0.00
Class S 36197HE1S $ 0.00
Class M 36157T4J7 $ 0.00
Class B1 36157T4K4 $ 0.00
Class B2 36157T4L2 $ 0.00
Class B3 36157T5M9 $ 0.00
Class B4 36157T5N7 $ 0.00
Class B5 36157T5P2 $ 0.00
(11) Class Certificate Interest Rate of:
Class A4 36157T4E8 7.290%
Class M 36157T4J7 7.500%
Class B1 36157T4K4 7.500%
Class B2 36157T4L2 7.500%
Class B3 36157T5M9 9.147%
Class B4 36157T5N7 9.147%
Class B5 36157T5P2 9.147%
Class S 36197HE1S 2.06%
<PAGE>
(12) Senior Percentage for such Distribution Date: 91.749196%
(13) Senior Prepayment Percentage for such Distribution Date: 100.000000%
(14) Junior Percentage for such Distribution Date: 8.250804%
(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
NOVEMBER 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 ...............................$ 242,861.82
(b) Interest ................................$ 2,226,557.55
(c) Total ...................................$ 2,469,419.37
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal ...............................$ 242,861.82
(b) Interest ................................$ 2,161,133.06
(c) Total ...................................$ 2,403,994.88
3. Aggregate Principal Prepayments in part received and applied in prior
month: .......................................$ 88,706.04
4. Aggregate Principal Prepayments in full received in prior month:
(a) Principal ...............................$ 4,231,905.88
(b) Interest ................................$ 25,275.56
(c) Total ...................................$ 4,257,181.44
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: ............$ 333,045,818.87
10. Available Funds: .............................$ 6,749,882.36
11. Realized Losses for prior month: ..............$ 0.00
12. Aggregate Realized Losses:
(a) Deficient Valuations: .....................$ 0.00
(b) Special Hazard Losses: ....................$ 0.00
(c) Fraud Losses: .............................$ 0.00
(d) Excess Bankruptcy Losses: .................$ 0.00
(e) Excess Special Hazard Losses: .............$ 0.00
(f) Excess Fraud Losses: ......................$ 0.00
(g) Debt Service Reductions: ..................$ 0.00
13. Non-Credit Losses: ............................$ 0.00
14. Compensating Interest Payment: ................$ 3,498.00
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.......$ 173,940.91 $ 0.00 7.50000022%
Class 4-A3.......$ 140,912.50 $ 0.00 7.50000000%
Class 4-A4.......$ 168,567.57 $ 0.00 7.49999987%
Class 4-A5.......$ 284,725.00 $ 0.00 7.50000000%
Class 4-A6.......$ 41,706.82 $ 0.00 7.49999958%
<PAGE>
Class 4-A7 ......$ 0.00 $ 0.00 0.00000000%
Class 4-A8 ......$ 333,684.08 $ 0.00 7.50000004%
Class 4-A9 ......$ 122,587.50 $ 0.00 7.50000000%
Class 4-A10 .....$ 215,693.75 $ 0.00 7.50000000%
Class 4-A11 .....$ 128,825.00 $ 0.00 7.50000000%
Class 4-A12 .....$ 203,450.00 $ 0.00 7.50000000%
Class 4-M........$ 27,285.59 $ 0.00 7.50000077%
Class 4-B1.......$ 21,827.23 $ 0.00 7.50000172%
Class 4-B2.......$ 21,827.23 $ 0.00 7.50000172%
Class 4-B3.......$ 10,916.72 $ 0.00 7.49999699%
Class 4-B4.......$ 3,273.77 $ 0.00 7.50000427%
Class 4-B5.......$ 7,637.53 $ 0.00 7.50000816%
Class 4-S........$ 80,041.74 $ 0.00 0.31162200%
Class 4-R........$ 0.00 $ 0.00 0.00000000%
16. Principal distributable:
Class 4-A1.......$ 0.00
Class 4-A2.......$ 2,619,059.30
Class 4-A3.......$ 0.00
Class 4-A4.......$ 859,401.99
Class 4-A5.......$ 0.00
Class 4-A6.......$ 64,880.68
Class 4-A7.......$ 0.00
Class 4-A8.......$ 1,073,783.72
Class 4-A9.......$ 0.00
Class 4-A10......$ 0.00
Class 4-A11......$ 0.00
Class 4-A12......$ 0.00
Class 4-PO.......$ 553.28
Class 4-M........$ 3,139.94
Class 4-B1.......$ 2,511.81
Class 4-B2.......$ 2,511.81
Class 4-B3.......$ 1,256.26
Class 4-B4.......$ 376.74
Class 4-B5.......$ 878.89
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:..... 0.284500%
19. Accrual Amount A7 Certificates:................ $ 64,880.68
<PAGE>
B. Other Amounts:
1. Senior Percentage for such Distribution Date: .......... 95.595826%
2. Group I Senior Percentage for such Distribution Date: .. 79.081771%
3. Group II Senior Percentage for such Distribution Date: . 16.514055%
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: .......... 4.404174%
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
NOVEMBER 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...$ 73.21329774 Class 4-PO...$ 0.93183843
Class 4-A3...$ 0.00000000 Class 4-M....$ 0.71622719
Class 4-A4...$ 29.05642864 Class 4-B1...$ 0.71622754
Class 4-A5...$ 0.00000000 Class 4-B2...$ 0.71622754
Class 4-A6...$ 9.19771477 Class 4-B3...$ 0.71622577
Class 4-A7...$ 0.00000000 Class 4-B4...$ 0.71623574
Class 4-A8...$ 19.22035764 Class 4-B5...$ 0.71621772
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...$ 69.47952163 Class 4-M....$ 0.00000000
Class 4-A3...$ 0.00000000 Class 4-PO...$ 0.88431597
Class 4-A4...$ 27.57459129 Class 4-B1...$ 0.00000000
Class 4-A5...$ 0.00000000 Class 4-B2...$ 0.00000000
Class 4-A6...$ 8.72864414 Class 4-B3...$ 0.00000000
Class 4-A7...$ 0.00000000 Class 4-B4...$ 0.00000000
Class 4-A8...$ 18.24014620 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...$ 4.86235177 Class 4-M....$ 6.22390283
Class 4-A3...$ 6.25000000 Class 4-PO...$ 0.00000000
Class 4-A4...$ 5.69927883 Class 4-B1...$ 6.22390362
Class 4-A5...$ 6.25000000 Class 4-B2...$ 6.22390362
Class 4-A6...$ 5.91250638 Class 4-B3...$ 6.22389966
Class 4-A7...$ 0.00000000 Class 4-B4...$ 6.22389734
Class 4-A8...$ 5.97282976 Class 4-B5...$ 6.22391239
Class 4-A9...$ 6.25000000 Class 4-R....$ 0.00000000
Class 4-A10..$ 6.25000000 Class 4-S....$ 0.22823358
Class 4-A11..$ 6.25000000
iv) The amount of servicing compensation received by the Company during
the month preceding the month of distribution: $ 71,839.72
(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: $ 333,045,818.87
The aggregate number of Mortgage Loans included in the Scheduled
Principal Balance set forth above: 1,197
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....................$ 25,211,485.50 $ 704.76
Class 4-A3....................$ 22,546,000.00 $ 1,000.00
Class 4-A4....................$ 26,111,409.68 $ 882.83
Class 4-A5....................$ 45,556,000.00 $ 1,000.00
Class 4-A6....................$ 6,608,210.89 $ 936.80
Class 4-A7....................$ 10,445,789.11 $ 1,044.58
Class 4-A8....................$ 52,315,668.77 $ 936.43
Class 4-A9....................$ 19,614,000.00 $ 1,000.00
Class 4-A10...................$ 34,511,000.00 $ 1,000.00
Class 4-A11...................$ 20,612,000.00 $ 1,000.00
Class 4-A12...................$ 32,552,000.00 $ 1,000.00
Class 4-PO....................$ 590,041.45 $ 993.75
Class 4-M.....................$ 4,362,554.01 $ 995.11
Class 4-B1....................$ 3,489,844.19 $ 995.11
Class 4-B2....................$ 3,489,844.19 $ 995.11
Class 4-B3....................$ 1,745,419.64 $ 995.11
Class 4-B4....................$ 523,426.86 $ 995.11
Class 4-B5....................$ 1,221,124.58 $ 995.11
Class 4-R.....................$ 0.00 $ 0.00
Class 4-S.....................$ 303,690,649.53 $ 945.60
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 9 *Principal Balance $ 2,239,045.05
(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 2 Principal Balance $ 341,622.02
<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: ........................ 0.284500%
1. Senior Percentage for such Distribution Date: ....... 95.59582600%
2. Group I Senior Percentage for such Distribution Date: 79.08177100%
3. Group II Senior Percentage for such Distribution Date:16.51405500%
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: ....... 4.40417400%
8. Junior Prepayment Percentage for such Distribution
Date: ............................................... 0.0000000%
Exhibit 99.11
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
NOVEMBER 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 ..............................$ 321,502.62
(b) Interest ...............................$ 3,070,960.11
(c) Total ..................................$ 3,392,462.73
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal ..............................$ 321,502.62
(b) Interest ...............................$ 2,983,984.20
(c) Total ..................................$ 3,305,486.82
3. Aggregate Principal Prepayments in part received and applied in prior
month: .......................................$ 384,891.05
4. Aggregate Principal Prepayments in full received in prior month:
(a) Principal ..............................$ 9,337,973.04
(b) Interest ...............................$ 57,292.43
(c) Total ..................................$ 9,395,265.47
<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: ...........$ 455,912,353.71
10. Available Funds: ............................$ 13,085,643.34
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: ...............$ 9,717.46
<PAGE>
15. Accrued Certificate Interest, Unpaid Class Interest Shortfalls and
Pay-out Rate:
Class 5-A1...$ 179,580.87 $ 0.OO 7.50000006%
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...$ 61,870.55 $ 0.00 7.49999954%
Class 5-A6...$ 1,229,529.43 $ 0.00 7.49999998%
Class 5-A7 ..$ 0.00 $ 0.00 0.00000000%
Class 5-PO1 .$ 0.00 $ 0.00 0.00000000%
Class 5-PO2 .$ 0.00 $ 0.00 0.00000000%
Class 5-M....$ 45,759.85 $ 0.00 7.50000057%
Class 5-B1...$ 30,506.56 $ 0.00 7.49999892%
Class 5-B2...$ 22,879.93 $ 0.00 7.50000119%
Class 5-B3...$ 15,253.28 $ 0.00 7.49999896%
Class 5-B4...$ 4,575.98 $ 0.00 7.49999344%
Class 5-B5...$ 10,677.28 $ 0.00 7.49998064%
Class 5-S1...$ 47,895.56 $ 0.00 0.45505900%
Class 5-S2...$ 85,024.14 $ 0.00 0.32909000%
Class 5-R....$ 0.00 $ 0.00 0.00000000%
16. Principal distributable:
Class 5-A1.....$ 1,046,263.78
Class 5-A2.....$ 0.00
Class 5-A3.....$ 0.00
Class 5-A4.....$ 0.00
Class 5-A5.....$ 6,828.54
Class 5-A6.....$ 8,976,358.34
Class 5-A7.....$ 0.00
Class 5-PO1....$ 94.91
Class 5-PO2....$ 511.58
Class 5-M......$ 5,050.43
Class 5-B1.....$ 3,366.95
Class 5-B2.....$ 2,525.22
Class 5-B3.....$ 1,683.48
Class 5-B4.....$ 505.04
Class 5-B5.....$ 1,178.44
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:..... 0.455059%
Class 5-S2 Certificates:..... 0.329090%
<PAGE>
19. Accrual Amount A7 Certificates:........... $ 0.00
B. Other Amounts:
1. Senior Percentage for such Distribution Date: ....... 95.542056%
2. Category A-Senior Percentage for such Distribution Date: 10.031916%
3. Category B-Senior Percentage for such Distribution Date: 85.510141%
4. Category A-Percentage for such Distribution Date: ... 10.500000%
5. Category B-Percentage for such Distribution Date: ... 89.500000%
6. Group I Senior Percentage for such Distribution Date: 50.180319%
7. Category A-Group I Senior Percentage for such
Distribution Date: .................................. 7.904579%
8. Category B-Group I Senior Percentage for such
Distribution Date: .................................. 42.275740%
9. Group II Senior Percentage for such Distribution Date: 45.361737%
10. Category A-Group II Senior Percentage for such
Distribution Date: .................................. 2.127337%
11. Category B-Group II Senior Percentage for such
Distribution Date: .................................. 43.234401%
12. Category B-Group I Scheduled Distribution Percentage: 85.510141%
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: ...... 4.457944%
24. Junior Prepayment Percentage for such Distribution Date: 0.000000%
25. Subordinate Certificate Writedown Amount for such
Distribution Date: .................................$ 0.00
26. Prepayment Distribution Triggers satisfied:
YES NO
--- --
Class 5-B1....... X
Class 5-B2....... X
Class 5-B3....... X
Class 5-B4....... X
Class 5-B5....... X
27. Category B Trigger satisfied:
YES NO
--- --
X
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
---------------------------------
Name: Karen Pickett
Title: Vice President,
Investor Operations
Exhibit 99.12
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
NOVEMBER 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
$1,000:
i) The amount of such distribution allocable to principal:
Class 5-A1....$ 33.54533750 Class 5-M....$ 0.68747090
Class 5-A2....$ 0.00000000 Class 5-B1...$ 0.68747021
Class 5-A3....$ 0.00000000 Class 5-B2...$ 0.68747216
Class 5-A4....$ 0.00000000 Class 5-B3...$ 0.68747226
Class 5-A5....$ 0.68747099 Class 5-B4...$ 0.68746691
Class 5-A6....$ 43.26973677 Class 5-B5...$ 0.68747394
Class 5-A7....$ 0.00000000 Class 5-R....$ 0.00000000
Class 5-PO1...$ 0.69982391
Class 5-PO2...$ 1.02390135
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....$ 32.51793609 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....$ 0.66641564 Class 5-B4...$ 0.00000000
Class 5-A6....$ 41.94450376 Class 5-B5...$ 0.00000000
Class 5-A7....$ 0.00000000 Class 5-R....$ 0.00000000
Class 5-PO1...$ 0.67839023
Class 5-PO2...$ 0.99254207
<PAGE>
iii) The amount of such distribution to the Certificateholders of each
class, allocable to Interest:
Class 5-A1....$ 5.75772669 Class 5-B1...$ 6.22888708
Class 5-A2....$ 6.25000000 Class 5-B2...$ 6.22888896
Class 5-A3....$ 6.25000000 Class 5-B3...$ 6.22888708
Class 5-A4....$ 6.25000000 Class 5-B4...$ 6.22888249
Class 5-A5....$ 6.22888759 Class 5-B5...$ 6.22887183
Class 5-A6....$ 5.92683723 Class 5-R....$ 0.00000000
Class 5-A7....$ 0.00000000 Class 5-S1...$ 0.48093097
Class 5-M.....$ 6.22888844 Class 5-S2...$ 0.85374808
iv) The amount of servicing compensation received by the Company during
the month preceding the month of distribution: $ 100,471.72
(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: $ 455,912,353.71
The aggregate number of Mortgage Loans included in the Scheduled
Principal Balance set forth above: 1,706
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...................$ 27,686,675.20 $ 887.69
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...................$ 9,892,460.07 $ 995.93
Class 5-A6...................$ 187,748,350.88 $ 905.02
Class 5-A7...................$ 0.00 $ 0.00
Class 5-PO1..................$ 122,497.24 $ 903.24
Class 5-PO2..................$ 496,502.13 $ 993.72
Class 5-M....................$ 7,316,525.01 $ 995.93
Class 5-B1...................$ 4,877,683.35 $ 995.93
Class 5-B2...................$ 3,658,263.00 $ 995.93
Class 5-B3...................$ 2,438,841.66 $ 995.93
Class 5-B4...................$ 731,652.40 $ 995.93
<PAGE>
Class 5-B5...................$ 1,707,190.77 $ 995.93
Class 5-R....................$ 0.00 $ 0.00
Class 5-S1...................$ 123,369,238.55 $ 925.13
Class 5-S2...................$ 302,947,830.92 $ 928.84
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.......................................$ 333,896.57
unpaid principal balance.........................$ 333,896.57
number of related mortgage loans................. 1
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 44 Principal Balance *$ 12,368,063.60
(2) 60-89 days
Number 17 Principal Balance $ 3,672,023.52
(3) 90 days or more
Number 0 Principal Balance $ 0.00
(b) in foreclosure
Number 2 Principal Balance $ 535,266.05
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: ........................ 0.455059%
Class 5-S2: ........................ 0.329090%
1. Senior Percentage for such Distribution Date: 95.54205600%
2. Category A-Senior Percentage for such Distribution
Date: 10.03191600%
3. Category B-Senior Percentage for such Distribution
Date: 85.51014100%
4. Category A-Percentage for such Distribution Date: 10.50000000%
<PAGE>
5. Category B-Percentage for such Distribution Date: 89.50000000%
6. Group I Senior Percentage for such Distribution Date: 50.18031900%
7. Category A-Group I Senior Percentage for such
Distribution Date: 7.90457900%
8. Category B-Group I Senior Percentage for such
Distribution Date: 42.27574000%
9. Group II Senior Percentage for such Distribution
Date: 45.36173700%
10. Category A-Group II Senior Percentage for such
Distribution Date: 2.12733700%
11. Category B-Group II Senior Percentage for such
Distribution Date: 43.23440100%
12. Category B-Group I Scheduled Distribution Percentage:85.51014100%
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: 4.45794400%
<PAGE>
24. Junior Prepayment Percentage for such Distribution
Date: 0.00000000%
25. Subordinate Certificate Writedown Amount for such
Distribution Date: $ 0.00
* Due to a large servicing transfer in September 1997, the number of
Mortgage Loans 30-59 days delinquent may be inflated due to borrowers sending
monthly paymnets to the wrong location or delays by the Company loading the
Mortgage Loans on its servicing system. It has also been the Company's
experience that for the majority of such Mortgage Loans the routing of
borrowers' monthly payments has corrected itself by the second Distribution Date
after transfer. However, the Company makes no assurances as to the level of
delinquent Mortgage Loans for future Distribution Dates.
Exhibit 99.13
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
NOVEMBER 1997
REMIC Multi-Class Pass-Through Certificates
Series 1997-6
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1997
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate Scheduled Monthly Payments:
(a) Principal ..................................$ 261,655.52
(b) Interest ...................................$ 2,523,269.52
(c) Total ......................................$ 2,784,925.04
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal ..................................$ 261,655.52
(b) Interest ...................................$ 2,449,517.84
(c) Total ......................................$ 2,711,173.36
3. Aggregate Principal Prepayments in part received and applied in prior
month: ...........................................$ 63,329.71
4. Aggregate Principal Prepayments in full received in prior month:
(a) Principal ..................................$ 7,994,173.12
(b) Interest ...................................$ 48,399.49
(c) Total ......................................$ 8,042,572.61
<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: ...............$ 372,780,473.67
10. Available Funds: ................................$ 10,817,075.68
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: ...................$ 5,486.11
<PAGE>
14. Accrued Certificate Interest, Unpaid Class Interest Shortfalls and
Pay-out Rate:
Class 6-A1......$ 319,797.59 $ 58.20 7.49863524%
Class 6-A2......$ 169,669.12 $ 30.88 7.49863524%
Class 6-A3......$ 50,084.64 $ 9.11 7.49863606%
Class 6-A4......$ 355,225.68 $ 64.65 7.49863527%
Class 6-A5......$ 37,500.09 $ 6.82 7.49863700%
Class 6-A6......$ 241,780.81 $ 44.00 7.49863545%
Class 6-A7 .....$ 12,041.56 $ 2.19 7.49863622%
Class 6-A8 .....$ 123,475.20 $ 22.47 7.49863527%
Class 6-A9 .....$ 23,001.84 $ 4.19 7.49863365%
Class 6-A10 ....$ 59,034.62 $ 10.74 7.49863624%
Class 6-A11 ....$ 0.00 $ 0.00 0.00000000%
Component A11A .$ 0.00 $ 0.00 0.00000000%
Component A11B .$ 0.00 $ 0.00 0.00000000%
Class 6-A12 ....$ 360.05 $ 0.07 7.49859291%
Class 6-A13 ....$ 89,389.98 $ 16.27 7.49863516%
Class 6-A14 ....$ 0.00 $ 0.16 0.00000000%
Class 6-A15 ....$ 55,007.95 $ 10.01 7.49863510%
Class 6-A16 ....$ 138,020.01 $ 25.12 7.14869917%
Class 6-A17 ....$ 461,436.39 $ 83.98 7.24868078%
Class 6-A18 ....$ 136,006.79 $ 24.75 8.99836248%
Class 6-PO .....$ 0.00 $ 0.00 0.00000000%
Class 6-M.......$ 37,469.42 $ 6.82 7.49863470%
Class 6-B1......$ 24,979.61 $ 4.55 7.49863432%
Class 6-B2......$ 18,734.71 $ 3.41 7.49863596%
Class 6-B3......$ 12,489.85 $ 2.27 7.49866318%
Class 6-B4......$ 3,746.99 $ 0.68 7.49873695%
Class 6-B5......$ 8,742.95 $ 1.59 7.49868185%
Class 6-S.......$ 119,063.01 $ 21.16 0.39446704%
Class 6-R.......$ 0.00 $ 0.00 0.00000000%
15. Accrual Amount:
Class A11A Component $ 0.00
Class A11B Component $ 0.00
Class A14 Component $ 858.47
16. Principal distributable:
Class 6-A1.....$ 1,794,004.93 Class 6-A14...$ 0.00
Class 6-A2.....$ 0.00 Class 6-A15...$ 0.00
Class 6-A3.....$ 0.00 Class 6-A16...$ 812,167.69
Class 6-A4.....$ 39,020.72 Class 6-A17...$ 2,677,833.32
Class 6-A5.....$ 0.00 Class 6-A18...$ 635,810.63
Class 6-A6.....$ 1,703,665.09 Class 6-PO....$ 380.64
Class 6-A7.....$ 0.00 Class 6-M.....$ 4,115.93
Class 6-A8.....$ 13,563.47 Class 6-B1....$ 2,743.95
<PAGE>
Class 6-A9.....$ 0.00 Class 6-B2....$ 2,057.96
Class 6-A10....$ 631,050.06 Class 6-B3....$ 1,371.98
Class 6-A11....$ 0.00 Class 6-B4....$ 411.59
Component-A11A.$ 0.00 Class 6-B5....$ 960.39
Component-A11B.$ 0.00 Class 6-R.....$ 0.00
Class 6-A12....$ 858.47
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:..... 0.394467%
B. Other Amounts:
1. Senior Percentage for such Distribution Date: .......... 95.537205%
2. Category A-Senior Percentage for such Distribution Date: 68.530482%
3. Category B-Senior Percentage for such Distribution Date: 19.749239%
4. Category C-Senior Percentage for such Distribution Date: 7.257484%
5. Category A-Percentage for such Distribution Date: ...... 71.731722%
6. Category B-Percentage for such Distribution Date: ...... 20.671778%
7. Category C-Percentage for such Distribution Date: ...... 7.596500%
8. Group I Senior Percentage for such Distribution Date: .. 71.605121%
9. Category A-Group I Senior Percentage for such
Distribution Date: ..................................... 53.597844%
10. Category B-Group I Senior Percentage for such Distribution
Date:.................................................. 14.558706%
11. Category C-Group I Senior Percentage for such Distribution
Date:.................................................. 3.448570%
12. Category C-Group I Scheduled Distribution Percentage for such
Distribution Date:..................................... 7.257484%
13. Group II Senior Percentage for such Distribution Date: 23.932084%
<PAGE>
14. Category A-Group II Senior Percentage for such
Distribution Date: .................................... 14.932638%
15. Category B-Group II Senior Percentage for such
Distribution Date: .................................... 5.190533%
16. Category C-Group II Senior Percentage for such
Distribution Date: .................................... 3.808914%
17. Category C-Group II Scheduled Distribution Percentage
for such Distribution Date: ........................... 0.000000%
18. Senior Prepayment Percentage for such Distribution Date: 100.000000%
19. Category A-Senior Prepayment Percentage
for such Distribution Date: ........................... 71.731722%
20. Category B-Senior Prepayment Percentage
for such Distribution Date: ........................... 20.671778%
21. Category C-Senior Prepayment Percentage
for such Distribution Date: ........................... 7.596500%
22. Group I Senior Prepayment Percentage for such
Distribution Date: .................................... 100.000000%
23. Category A-Group I Senior Prepayment Percentage for such
Distribution Date: .................................... 71.731722%
24. Category B-Group I Senior Prepayment Percentage for such
Distribution Date: .................................... 20.671778%
25. Category C-Group I Senior Prepayment Percentage for such
Distribution Date: .................................... 7.596500%
26. Group II Senior Prepayment Percentage for such
Distribution Date: .................................... 0.000000%
27. Category A-Group II Senior Prepayment Percentage for such
Distribution Date: .................................... 0.000000%
28. Category B-Group II Senior Prepayment Percentage for such
Distribution Date: ..................................... 0.000000%
29. Category C-Group II Senior Prepayment Percentage for such
Distribution Date: ..................................... 0.000000%
30. Junior Percentage for such Distribution Date: .......... 4.462795%
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
NOVEMBER 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
$1,000:
i) The amount of such distribution allocable to principal:
Class 6-A1.....$ 32.37828946 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.....$ 0.68457404 Class 6-A16..$ 32.37828955
Class 6-A5.....$ 0.00000000 Class 6-A17..$ 32.37828950
Class 6-A6.....$ 41.93531751 Class 6-A18..$ 32.37828974
Class 6-A7.....$ 0.00000000 Class 6-PO...$ 0.90988122
Class 6-A8.....$ 0.68457427 Class 6-M....$ 0.68457412
Class 6-A9.....$ 0.00000000 Class 6-B1...$ 0.68457334
Class 6-A10....$ 59.29828722 Class 6-B2...$ 0.68457257
Class 6-A11....$ 0.00000000 Class 6-B3...$ 0.68457601
Component A11A.$ 0.00000000 Class 6-B4...$ 0.68456970
Component A11B.$ 0.00000000 Class 6-B5...$ 0.68457625
Class 6-A12....$ 14.07327869 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.....$ 31.40394431 Class 6-A14..$ 0.00000000
Class 6-A2.....$ 0.00000000 Class 6-A15..$ 0.00000000
Class 6-A3.....$ 0.00000000 Class 6-A16..$ 31.40394440
Class 6-A4.....$ 0.66397346 Class 6-A17..$ 31.40394435
<PAGE>
Class 6-A5.....$ 0.00000000 Class 6-A18..$ 31.40394458
Class 6-A6.....$ 40.67337706 Class 6-PO...$ 0.88250058
Class 6-A7.....$ 0.00000000 Class 6-M....$ 0.00000000
Class 6-A8.....$ 0.66397369 Class 6-B1...$ 0.00000000
Class 6-A9.....$ 0.00000000 Class 6-B2...$ 0.00000000
Class 6-A10....$ 57.51385081 Class 6-B3...$ 0.00000000
Class 6-A11....$ 0.00000000 Class 6-B4...$ 0.00000000
Component A11A.$ 0.00000000 Class 6-B5...$ 0.00000000
Component A11B.$ 0.00000000 Class 6-R....$ 0.00000000
Class 6-A12....$ 13.64977791
Class 6-A13....$ 0.00000000
iii) The amount of such distribution to the Certificateholders of each
class, allocable to Interest:
Class 6-A1.....$ 5.77172268 Class 6-A15..$ 6.24886259
Class 6-A2.....$ 6.24886270 Class 6-A16..$ 5.50237580
Class 6-A3.....$ 6.24886338 Class 6-A17..$ 5.57933196
Class 6-A4.....$ 6.23202947 Class 6-A18..$ 6.92606736
Class 6-A5.....$ 6.24886417 Class 6-M....$ 6.23202900
Class 6-A6.....$ 5.95137806 Class 6-B1...$ 6.23202869
Class 6-A7.....$ 6.24886352 Class 6-B2...$ 6.23203004
Class 6-A8.....$ 6.23202948 Class 6-B3...$ 6.23205270
Class 6-A9.....$ 6.24886137 Class 6-B4...$ 6.23211402
Class 6-A10....$ 5.54734414 Class 6-B5...$ 6.23206813
Class 6-A11....$ 0.00000000 Class 6-R....$ 0.00000000
Component A11A.$ 0.00000000 Class 6-S....$ 0.59408768
Component A11B.$ 0.00000000
Class 6-A12....$. 5.90245902
Class 6-A13....$. 6.24886264
Class 6-A14....$. 0.00000000
iv) Accrual Amount:
Class A11A Component $ 0.00
Class A11B Component $ 0.00
Class A14 Component $ 858.47
v) The amount of servicing compensation received by the Company during
the month preceding the month of distribution: $ 82,469.68
(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: $ 372,780,473.67
<PAGE>
The aggregate number of Mortgage Loans included in the Scheduled
Principal Balance set forth above: 1,264
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.....................$ 49,382,922.04 $ 891.27
Class 6-A2.....................$ 27,152,000.00 $ 1,000.00
Class 6-A3.....................$ 8,015,000.00 $ 1,000.00
Class 6-A4.....................$ 56,807,432.12 $ 996.62
Class 6-A5.....................$ 6,001,105.00 $ 1,000.00
Class 6-A6.....................$ 36,988,304.11 $ 910.46
Class 6-A7.....................$ 1,927,000.00 $ 1,000.00
Class 6-A8.....................$ 19,746,064.08 $ 996.62
Class 6-A9.....................$ 3,680,965.00 $ 1,000.00
Class 6-A10....................$ 8,816,206.98 $ 828.44
Class 6-A11....................$ 0.00 $ 0.00
Component A11A.................$ 0.00 $ 0.00
Component A11B.................$ 0.00 $ 0.00
Class 6-A12....................$ 56,760.34 $ 930.50
Class 6-A13....................$ 14,305,000.00 $ 1,000.00
Class 6-A14....................$ 138,239.66 $ 1,031.64
Class 6-A15....................$ 8,802,874.00 $ 1,000.00
Class 6-A16....................$ 22,356,244.92 $ 891.27
Class 6-A17....................$ 73,711,745.00 $ 891.27
Class 6-A18....................$ 17,501,728.11 $ 891.27
Class 6-PO.....................$ 413,311.45 $ 987.98
Class 6-M......................$ 5,992,082.82 $ 996.62
Class 6-B1.....................$ 3,994,721.55 $ 996.62
Class 6-B2.....................$ 2,996,040.91 $ 996.62
Class 6-B3.....................$ 1,997,360.28 $ 996.62
Class 6-B4.....................$ 599,207.79 $ 996.62
Class 6-B5.....................$ 1,398,157.51 $ 996.62
Class 6-R......................$ 0.00 $ 0.00
Class 6-S......................$ 353,896,546.23 $ 927.46
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 7 Principal Balance $ 1,997,843.56
(2) 60-89 days
Number 1 Principal Balance $ 226,215.49
(3) 90 days or more
Number 0 Principal Balance $ 0.00
(b) in foreclosure
Number 1 Principal Balance $ 240,000.00
x) The Scheduled Principal Balance of any Mortgage Loan and number of
replaced pursuant to Section 2.03(b), and of any Modified Mortgage
Loan purchased pursuant to Section 3.01(c): $ 0.00 $ 0.00
xi) The Scheduled Principal Balance of any Mortgage Loan and number of any
Modified Mortgage Loan purchased pursuant to Section 3.01(c):
$ 0.00 $ 0.00
xii) The Certificate Interest Rates, applicable to the Interest Accrual
Period relating to such Distribution Date:
Class 6-S: ........................ 0.394467%
xiii) Senior Percentage for such Distribution Date: ......... 95.53720500%
xiv) Category A-Senior Percentage for such Distribution Date: 68.53048200%
xv) Category B-Senior Percentage for such Distribution Date: 19.74923900%
xvi) Category C-Senior Percentage for such Distribution Date: 7.25748400%
xvii) Category A-Percentage for such Distribution Date: ..... 71.73172200%
xviii) Category B-Percentage for such Distribution Date: .... 20.67177800%
xix) Category C-Percentage for such Distribution Date: ...... 7.59650000%
xx) Group I Senior Percentage for such Distribution Date: ... 71.60512100%
xxi) Category A-Group I Senior Percentage for such
Distribution Date: ...................................... 53.59784400%
<PAGE>
xxii) Category B-Group I Senior Percentage for such
Distribution Date: ..................................... 14.55870600%
xxiii) Category C-Group I Senior Percentage for such
Distribution Date: ..................................... 3.44857000%
xxiv) Category C-Group I Scheduled Distribution Percentagefor such
Distribution Date: ..................................... 7.25748400%
xxv) Group II Senior Percentage for such Distribution Date: . 23.93208400%
xxvi) Category A-Group II Senior Percentage for such
Distribution Date: .................................... 14.93263800%
xxvii) Category B-Group II Senior Percentage for such
Distribution Date: .................................... 5.19053300%
xxviii) Category C-Group II Senior Percentage for such
Distribution Date: .................................... 3.80891400%
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: ....... 4.46279500%
xxxxiii) Junior Prepayment Percentage for such Distribution
Date: .................................................. 0.00000000%
Exhibit 99.15
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
NOVEMBER 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: $ 2,256,420.29
(2) Aggregate Monthly Payments received and Monthly Advances made this
Month:
(a) Principal $ 307,525.01
(b) Interest $ 1,926,555.15
(c) Total $ 2,234,080.16
(3) Aggregate Principal Prepayments in part received on Self- Amortizing
Mortgage Loans and applied in the applicable Prepayment Period:
(a) Principal $ 98,184.86
(c) Total $ 98,184.86
(4) Aggregate Principal Prepayments in full received in the applicable
Prepayment period:
(a) Principal $ 2,564,777.02
(b) Interest $ 21,484.01
(c) Total $ 2,586,261.03
<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 $ 238,652,798.06
(11) Available Funds: $ 4,810,777.79
<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: $ 3,016.84
(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 9.253%
Class B4 36157RAM7 9.253%
Class B5 36157RAN5 9.253%
Class S 36197HE2S 2.20%
(20) Accrued Certificate Interest and Pay-out Rate:
Class A1 36157RAA3 $ 343,313.65 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 $ 437,041.88 2.20%
Class M 36157RAH8 $ 37,524.13 7.410%
Class B1 36157RAJ4 $ 38,410.32 7.585%
Class B2 36157RAK1 $ 12,042.25 7.925%
Class B3 36157RAL9 $ 18,745.16 9.253%
Class B4 36157RAM7 $ 14,060.78 9.253%
Class B5 36157RAN5 $ 14,068.00 9.253%
Total $ 1,840,290.90
(21) Principal distributable:
Class A1 36157RAA3 $ 2,944,643.36
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 $ 7,830.46
Class B1 36157RAJ4 $ 7,830.46
Class B2 36157RAK1 $ 2,349.65
Class B3 36157RAL9 $ 3,132.44
Class B4 36157RAM7 $ 2,349.65
Class B5 36157RAN5 $ 2,350.86
Class R1 36157RAP0 $ 0.00
Class R2 36157RAQ8 $ 0.00
Total $ 2,970,486.89
(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: 91.596283%
(2) Senior Prepayment Percentage for such Distribution Date: 100.000000%
(3) Junior Percentage for such Distribution Date: 8.403717%
(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
NOVEMBER 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 $ 44.08148739
Class A2 36157RAB1 $ 0.00000000
Class A3 36157RAC9 $ 0.00000000
Class A4 36157RAD7 $ 0.00000000
Class A5 36157RAE5 $ 0.00000000
Class A6 36157RAF2 $ 0.00000000
Class A7 36157RAG0 $ 0.00000000
Class M 36157RAH8 $ 1.28116238
Class B1 36157RAJ4 $ 1.28116238
Class B2 36157RAK1 $ 1.28116238
Class B3 36157RAL9 $ 1.28116238
Class B4 36157RAM7 $ 1.28116238
Class B5 36157RAN5 $ 1.28116238
Class R1 36157RAP0 $ 0.00000000
Class R2 36157RAQ8 $ 0.00000000
(2) Aggregate Principal prepayments included in distribution:
Class A1 36157RAA3 $ 2,662,961.88
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 $ 5.13942586 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 $ 1.83128747 2.20%
Class M 36157RAH8 $ 6.13941836 7.410%
Class B1 36157RAJ4 $ 6.28441137 7.585%
Class B2 36157RAK1 $ 6.56611208 7.925%
Class B3 36157RAL9 $ 7.66673083 9.253%
Class B4 36157RAM7 $ 7.66673083 9.253%
Class B5 36157RAN5 $ 7.66673083 9.253%
<PAGE>
(4) Servicing Compensation: $ 106,286.16
The amounts below are for the aggregate of all Certificates:
(5) Pool Principal Balance; $ 238,652,798.06
number of Mortgage Loans: 3,355
(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 $58,179,448.21 $ 870.94982345
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 $ 6,068,950.91 $ 992.95662856
Class B1 36157RAJ4 $ 6,068,950.91 $ 992.95662856
Class B2 36157RAK1 $ 1,821,082.46 $ 992.95662856
Class B3 36157RAL9 $ 2,427,778.96 $ 992.95662856
Class B4 36157RAM7 $ 1,821,082.46 $ 992.95662856
Class B5 36157RAN5 $ 1,822,017.27 $ 992.95662856
Class R1 36157RAP0 $ 0.00 $ 0.00000000
Class R2 36157RAQ8 $ 0.00 $ 0.00000000
(7) Book value of real estate acquired on behalf of Certificate-
holders: $ 0.00
number of related Mortgage Loans: 0
(8) Aggregate Scheduled Principal Balance and number of delinquent
Mortgage Loans:
One Payment Delinquent $ 3,428,211.60
57
Two Payments Delinquent $ 1,098,728.60
12
Three or more Payments Delinquent $ 736,154.95
9
TOTAL $ 5,263,095.15
78
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 9.253%
Class B4 36157RAM7 9.253%
Class B5 36157RAN5 9.253%
Class S 36197HE2S 2.20%
(12) Senior Percentage for such Distribution Date: 91.596283%
(13) Senior Prepayment Percentage for such Distribution Date: 100.000000%
(14) Junior Percentage for such Distribution Date: 8.403717%
(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
NOVEMBER 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 .............................$ 227,943.90
(b) Interest ..............................$ 2,252,060.60
(c) Total .................................$ 2,480,004.50
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal .............................$ 227,943.90
(b) Interest ..............................$ 2,184,567.07
(c) Total .................................$ 2,412,510.97
3. Aggregate Principal Prepayments in part received and applied in prior
month: .....................................$ 141,740.74
4. Aggregate Principal Prepayments in full received in prior month:
(a) Principal .............................$ 5,276,175.83
(b) Interest ..............................$ 32,644.93
(c) Total .................................$ 5,308,820.76
<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 .............................$ 0.00
(b) Interest ..............................$ 0.00
(c) Total .................................$ 0.00
9. Pool Scheduled Principal Balance: ..........$ 330,667,136.26
10. Available Funds: ...........................$ 7,863,072.47
11. Realized Losses for prior month: ............$ 0.00
12. Aggregate Realized Losses:
(a) Deficient Valuations: ...................$ 0.00
(b) Special Hazard Losses: ..................$ 0.00
(c) Fraud Losses: ...........................$ 0.00
(d) Excess Bankruptcy Losses: ...............$ 0.00
(e) Excess Special Hazard Losses: ...........$ 0.00
(f) Excess Fraud Losses: ....................$ 0.00
(g) Debt Service Reductions: ................$ 0.00
13. Non-Credit Losses: ..........................$ 0.00
14. Compensating Interest Payment: ..............$ 3,336.12
<PAGE>
15. Accrued Certificate Interest, Unpaid Class Interest Shortfalls and
Pay-out Rate:
Class 7-A1...$ 221,675.26 $ 0.00 9.00000009%
Class 7-A2...$ 31,901.48 $ 0.00 7.20000017%
Class 7-A3...$ 837,300.23 $ 0.00 7.14999999%
Class 7-A4...$ 95,326.67 $ 0.00 7.12499989%
Class 7-A5...$ 226,345.04 $ 0.00 7.99999987%
Class 7-A6...$ 71,426.62 $ 0.00 7.12499972%
Class 7-A7...$ 25,323.13 $ 0.00 7.49999878%
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....$ 32,770.15 $ 0.00 7.50000087%
Class 7-B1...$ 21,846.76 $ 0.00 7.49999861%
Class 7-B2...$ 16,385.07 $ 0.00 7.50000000%
Class 7-B3...$ 10,923.38 $ 0.00 7.49999858%
Class 7-B4...$ 3,277.01 $ 0.00 7.50000229%
Class 7-B5...$ 7,646.32 $ 0.00 7.49994029%
Class 7-S....$ 117,013.01 $ 0.00 0.43468700%
Class 7-R....$ 0.00 $ 0.00 0.00000000%
16. Accrual Amount:
Class 7-A9.................... $ 43,301.87
17. Principal distributable:
Class 7-A1...$ 805,076.56 Class 7-A11...$ 0.00
Class 7-A2...$ 144,824.08 Class 7-A12...$ 0.00
Class 7-A3...$ 3,827,697.75 Class 7-PO....$ 257.53
Class 7-A4...$ 289,648.20 Class 7-M.....$ 3,553.07
Class 7-A5...$ 568,289.33 Class 7-B1....$ 2,368.71
Class 7-A6...$ 0.00 Class 7-B2....$ 1,776.53
Class 7-A7...$ 43,301.87 Class 7-B3....$ 1,184.36
Class 7-A8...$ 0.00 Class 7-B4....$ 355.31
Class 7-A9...$ 0.00 Class 7-B5....$ 829.04
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:.......... 0.434687%
B. Other Amounts:
1. Senior Percentage for such Distribution Date: .......... 95.579000%
2. Senior Prepayment Percentage for such Distribution Date: 100.000000%
3. Junior Percentage for such Distribution Date: .......... 4.421000%
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
NOVEMBER 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 $1,000:
i) The amount of such distribution allocable to principal:
Class 7-A1...$ 25.52326062 Class 7-A11..$ 0.00000000
Class 7-A2...$ 25.52325967 Class 7-A12..$ 0.00000000
Class 7-A3...$ 25.52327751 Class 7-PO...$ 0.91328618
Class 7-A4...$ 17.27222702 Class 7-M....$ 0.67629874
Class 7-A5...$ 16.07437248 Class 7-B1...$ 0.67629779
Class 7-A6...$ 0.00000000 Class 7-B2...$ 0.67629696
Class 7-A7...$ 10.35929904 Class 7-B3...$ 0.67630064
Class 7-A8...$ 0.00000000 Class 7-B4...$ 0.67630561
Class 7-A9...$ 0.00000000 Class 7-B5...$ 0.67628967
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...$ 24.53654445 Class 7-A8..$ 0.00000000
Class 7-A2...$ 24.53654354 Class 7-A9..$ 0.00000000
Class 7-A3...$ 24.53656069 Class 7-10..$ 0.00000000
Class 7-A4...$ 16.60449158 Class 7-11..$ 0.00000000
Class 7-A5...$ 15.45294548 Class 7-12..$ 0.00000000
Class 7-A6...$ 0.00000000 Class 7-PO..$ 0.87797900
Class 7-A7...$ 9.95881385 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...$ 7.02774831 Class 7-M...$ 6.23753854
Class 7-A2...$ 5.62219872 Class 7-B1..$ 6.23753664
Class 7-A3...$ 5.58315926 Class 7-B2..$ 6.23753783
Class 7-A4...$ 5.68449548 Class 7-B3..$ 6.23753664
Class 7-A5...$ 6.40229244 Class 7-B4..$ 6.23753971
Class 7-A6...$ 5.93749977 Class 7-B5..$ 6.23748817
Class 7-A7...$ 6.05816507 Class 7-R...$ 0.00000000
Class 7-A8...$ 6.25000000 Class 7-S...$ 0.34730211
Class 7-A9...$ 0.00000000
Class 7-A10..$ 6.66666700
Class 7-A11..$ 6.25000000
Class 7-A12..$ 6.04166650
iv) Accrual Amount:
Class 7-A9........... $ 43,301.87
v) The amount of servicing compensation received by the Company during
the month preceding the month of distribution: $ 0.22065938
(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: $ 330,667,136.26
The aggregate number of Mortgage Loans included in the Scheduled
Principal Balance set forth above: 1,173
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 Certificate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 7-A1........ $ 28,751,624.47 $ 911.51
Class 7-A2........ $ 5,172,089.13 $ 911.51
Class 7-A3........ $ 136,698,215.27 $ 911.51
Class 7-A4........ $ 15,765,370.16 $ 940.12
Class 7-A5........ $ 33,383,467.23 $ 944.27
<PAGE>
Class 7-A6........ $ 12,029,747.00 $ 1,000.00
Class 7-A7........ $ 4,008,399.59 $ 958.95
Class 7-A8........ $ 2,760,000.00 $ 1,000.00
Class 7-A9........ $ 6,971,600.41 $ 1,025.24
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........ $ 280,889.67 $ 996.13
Class 7-M......... $ 5,239,670.32 $ 997.33
Class 7-B1........ $ 3,493,113.54 $ 997.33
Class 7-B2........ $ 2,619,834.67 $ 997.33
Class 7-B3........ $ 1,746,556.77 $ 997.33
Class 7-B4........ $ 523,966.13 $ 997.33
Class 7-B5........ $ 1,222,591.90 $ 997.33
Class 7-S......... $ 317,392,461.98 $ 942.04
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 8 Principal Balance $ 1,802,001.12
(2) 60-89 days
Number 1 Principal Balance $ 233,543.19
(3) 90 days or more
Number 0 Principal Balance $ 0.00
(b) in foreclosure
Number 1 Principal Balance $ 112,379.80
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: .... 95.579000%
The Junior Percentage for such Distribution Date: .... 4.421000%
xii) The Senior Prepayment Percentage for such Distribution
Date: ................................................ 100.000000%
The Junior Prepayment Percentage for such Distribution
Date: ................................................ 0.000000%
Exhibit 99.19
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
NOVEMBER 1997
REMIC Multi-Class Pass-Through Certificates
Series 1997-8
Pursuant to the Pooling and Servicing Agreement dated as of September 1,
1997 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank and Trust Company (the "Trustee"), governing
the Certificates referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate Scheduled Monthly Payments:
(a) Principal .....................................$ 350,901.40
(b) Interest ......................................$ 3,205,280.63
(c) Total ..........................................$ 3,556,182.03
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal .....................................$ 350,901.40
(b) Interest ......................................$ 3,109,665.92
(c) Total ..........................................$ 3,460,567.32
3. Aggregate Principal Prepayments in part received and applied in prior
month: .............................................$ 754,326.72
4. Aggregate Principal Prepayments in full received in prior month:
(a) Principal .....................................$ 6,156,095.37
(b) Interest ......................................$ 37,145.73
(c) Total ..........................................$ 6,193,241.10
<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: ..................$ 490,333,603.56
10. Available Funds: ...................................$ 10,408,135.14
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: ......................$ 11,071.90
<PAGE>
14. Accrued Certificate Interest, Unpaid Class Interest Shortfalls and
Pay-out Rate:
Class 8-A1....$ 112,072.89 $ 0.00 7.24999985%
Class 8-A2....$ 79,034.46 $ 0.00 7.25000033%
Class 8-A3....$ 164,767.50 $ 0.00 6.75000000%
Class 8-A4....$ 73,861.88 $ 0.00 6.75000046%
Class 8-A5....$ 104,917.50 $ 0.00 6.75000000%
Class 8-A6....$ 132,324.58 $ 0.00 7.24999982%
Class 8-A7 ...$ 600,355.13 $ 0.00 7.24999994%
Class 8-A8 ...$ 329,229.03 $ 0.00 7.25000009%
Class 8-A9 ...$ 0.00 $ 0.00 0.00000000%
Class 8-A10 ..$ 0.00 $ 0.00 0.00000000%
Class 8-A11 ..$ 130,373.12 $ 0.00 7.24999972%
Class 8-A12 ..$ 25,447.91 $ 0.00 7.24999887%
Class 8-A13 ..$ 179,570.42 $ 0.00 7.25000013%
Class 8-A14 ..$ 150,597.06 $ 0.00 6.78750013%
Class 8-A15 ..$ 49,089.65 $ 0.00 9.16607041%
Class 8-A16 ..$ 464,889.11 $ 0.00 7.25000005%
Class 8-A17 ..$ 178,125.00 $ 0.00 7.12500000%
Class 8-A18 ..$ 1,625.00 $ 0.00 0.06500000%
Class 8-A19 ..$ 1,500.00 $ 0.00 0.06000000%
Class 8-M.....$ 46,898.79 $ 0.00 7.24999991%
Class 8-B1....$ 28,744.23 $ 0.00 7.25000118%
Class 8-B2....$ 22,694.72 $ 0.00 7.25000127%
Class 8-B3....$ 15,129.81 $ 0.00 7.24999969%
Class 8-B4....$ 4,538.34 $ 0.00 7.25000084%
Class 8-B5....$ 10,589.95 $ 0.00 7.25002163%
Class 8-R.....$ 0.30 $ 0.00 7.28155340%
Class 8-RL....$ 0.30 $ 0.00 7.28155340%
Class 8-S.....$ 143,293.84 $ 0.00 0.36589701%
15. Accrual Amount:
Class A9 Certificate $ 25,838.29
Class A10 Certificate $ 71,302.99
16. Principal distributable:
Class 8-A1....$ 13,079.56 Class 8-A15...$ 762,952.21
Class 8-A2....$ 284,287.31 Class 8-A16...$ 1,802,000.06
Class 8-A3....$ 0.00 Class 8-A17...$ 0.00
Class 8-A4....$ 0.00 Class 8-A18...$ 0.00
Class 8-A5....$ 0.00 Class 8-A19...$ 0.00
Class 8-A6....$ 0.00 Class 8-PO....$ 1,887.17
Class 8-A7....$ 302,370.28 Class 8-M.....$ 5,473.36
Class 8-A8....$ 1,016,076.40 Class 8-B1....$ 3,354.62
Class 8-A9....$ 0.00 Class 8-B2....$ 2,648.61
Class 8-A10...$ 0.00 Class 8-B3....$ 1,765.74
Class 8-A11...$ 0.00 Class 8-B4....$ 529.65
<PAGE>
Class 8-A12...$ 0.00 Class 8-B5....$ 1,235.90
Class 8-A13...$ 0.00 Class 8-R.....$ 1.16
Class 8-A14...$ 3,160,801.58 Class 8-RL....$ 1.16
17. Additional distributions to the Class 8-R Certificate pursuant to
Sections 2.05(c) and 4.01(b): $ (-0.15)
18. Additional distributions to the Class 8-RL Certificate pursuant to
Sections 2.05(d): $ 0.00
19. Certificate Interest Rates of:
Class A14 Certificates:..... 6.787500%
Class A15 Certificates:..... 9.166070%
Class S Certificates:....... 0.365897%
20. Draw Amount:
Class A9 Certificate $ 0.00
21. Distributions of amounts in Reserve Fund to Senior Certificates (other
than the Class PO Certificates) and the Class S Certificates pursuant
to the second paragraph of Section 4.01 (g): :
Class A1 Certificates:....$ 0.00
Class A2 Certificates:....$ 0.00
Class A3 Certificates:....$ 0.00
Class A4 Certificates:....$ 0.00
Class A5 Certificates:....$ 0.00
Class A6 Certificates:....$ 0.00
Class A7 Certificates:....$ 0.00
Class A8 Certificates:....$ 0.00
Class A9 Certificates:....$ 0.00
Class A10 Certificates:...$ 0.00
Class A11 Certificates:...$ 0.00
Class A12 Certificates:...$ 0.00
Class A13 Certificates:...$ 0.00
Class A14 Certificates:...$ 0.00
Class A15 Certificates:...$ 0.00
Class A16 Certificates:...$ 0.00
Class A17 Certificates:...$ 0.00
Class A18 Certificates:...$ 0.00
Class A19 Certificates:...$ 0.00
Class R Certificates:.....$ 0.00
Class RL Certificates:....$ 0.00
Class S Certificates:.....$ 0.00
<PAGE>
B. Other Amounts:
1. Senior Percentage for such Distribution Date: ........... 95.718494%
2. Category B-Group I Senior Percentage for such Distribution
Date: 89.933090%
3. Category B-Group II Senior Percentage for such
Distribution Date: 10.000000%
4. Senior Prepayment Percentage for such Distribution Date:.. 100.000000%
5. Category B-Group I Senior Prepayment Percentage for such Distribution
Date:..................................................... 100.000000%
6. Junior Percentage for such Distribution Date: ............ 4.281506%
7. Junior Prepayment Percentage for such Distribution Date: . 0.000000%
8. Subordinate Certificate Writedown Amount for such
Distribution Date: .......................................$ 0.00
9. Prepayment Distribution Triggers satisfied:
YES NO
--- --
Class 8-B1....... X
Class 8-B2....... X
Class 8-B3....... X
Class 8-B4....... X
Class 8-B5....... X
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
----------------------------------
Name: Karen Pickett
Title: Vice President,
Investor Reporting
Exhibit 99.20
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
NOVEMBER 1997
REMIC Multi-Class Pass-Through Certificates
Series 1997-8
Pursuant to the Pooling and Servicing Agreement dated as of September 1,
1997 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank and Trust Company (the "Trustee"), governing
the Certificates referred to above, the Company hereby certifies to the Trustee:
(a) The amounts below (other than for Class R) are for a Single Certificate of
$1,000:
i) The amount of such distribution allocable to principal:
Class 8-A1...$ 0.70460378 Class 8-A15...$ 112.72563123
Class 8-A2...$ 21.31249044 Class 8-A16...$ 23.15513891
Class 8-A3...$ 0.00000000 Class 8-A17...$ 0.00000000
Class 8-A4...$ 0.00000000 Class 8-A18...$ 0.00000000
Class 8-A5...$ 0.00000000 Class 8-A19...$ 0.00000000
Class 8-A6...$ 0.00000000 Class 8-PO....$ 4.09096055
Class 8-A7...$ 3.03602908 Class 8-M.....$ 0.70460350
Class 8-A8...$ 18.47411636 Class 8-B1....$ 0.70460407
Class 8-A9...$ 0.00000000 Class 8-B2....$ 0.70460495
Class 8-A10..$ 0.00000000 Class 8-B3....$ 0.70460495
Class 8-A11..$ 0.00000000 Class 8-B4....$ 0.70460290
Class 8-A12..$ 0.00000000 Class 8-B5....$ 0.70460082
Class 8-A13..$ 0.00000000 Class 8-R.....$ 23.20000000
Class 8-A14..$ 112.72563188 Class 8-RL....$ 0.00000231
ii) Principal Prepayments included in the above principal distribution
(including the Scheduled Principal Balances of all Defaulted Mortgage
Loans and Defective Mortgage Loans purchased pursuant to Section 2.02,
2.03 (b) or 3.16, respectively, and any amounts deposited pursuant to
Section 2.03(b) in connection with the substitution of any Mortgage
Loans pursuant to Section 2.02 or 2.03(a), the proceeds of which are
being distributed on such Distribution Date):
Class 8-A1...$ 0.67194279 Class 8-A14...$ 107.50038210
Class 8-A2...$ 20.32457772 Class 8-A15...$ 107.50038148
Class 8-A3...$ 0.00000000 Class 8-A16...$ 22.08181262
Class 8-A4...$ 0.00000000 Class 8-A17...$ 0.00000000
<PAGE>
Class 8-A5...$ 0.00000000 Class 8-A18...$ 0.00000000
Class 8-A6...$ 0.00000000 Class 8-A19...$ 0.00000000
Class 8-A7...$ 2.89529791 Class 8-PO....$ 3.90132940
Class 8-A8...$ 17.61777277 Class 8-M.....$ 0.00000000
Class 8-A9...$ 0.00000000 Class 8-B1....$ 0.00000000
Class 8-A10..$ 0.00000000 Class 8-B2....$ 0.00000000
Class 8-A11..$ 0.00000000 Class 8-B3....$ 0.00000000
Class 8-A12..$ 0.00000000 Class 8-B4....$ 0.00000000
Class 8-A13..$ 0.00000000 Class 8-B5....$ 0.00000000
Class 8-R.....$ 22.12459423
Class 8-RL....$ 0.00000220
iii) The amount of such distribution to the Certificateholders of each
class, allocable to Interest:
Class 8-A1....$ 6.03743414 Class 8-A15...$ 7.25295990
Class 8-A2....$ 5.92506635 Class 8-A16...$ 5.97368011
Class 8-A3....$ 5.62500000 Class 8-A17...$ 5.93750000
Class 8-A4....$ 5.62500038 Class 8-A18...$ 0.05416667
Class 8-A5....$ 5.62500000 Class 8-A19...$ 0.05000000
Class 8-A6....$ 6.04166651 Class 8-M.....$ 6.03743435
Class 8-A7....$ 6.02802508 Class 8-B1....$ 6.03743541
Class 8-A8....$ 5.98598236 Class 8-B2....$ 6.03743549
Class 8-A9....$ 0.00000000 Class 8-B3....$ 6.03743416
Class 8-A10...$ 0.00000000 Class 8-B4....$ 6.03743515
Class 8-A11...$ 6.04166643 Class 8-B5....$ 6.03745242
Class 8-A12...$ 6.04166790 Class 8-R.....$ 6.00000000
Class 8-A13...$ 6.04166678 Class 8-RL....$ 6.00000000
Class 8-A14...$ 5.37083658 Class 8-S.....$ 0.57186232
iv) Accrual Amount:
Class 8-A9 Certificates $ 25,838.29
Class 8-A10 Certificates $ 71,302.99
v) The amount of servicing compensation received by the Company during
the month preceding the month of distribution: $ 107,474.86
(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: $ 490,333,603.56
<PAGE>
The aggregate number of Mortgage Loans included in the Scheduled
Principal Balance set forth above: 1,619
vii) The Class Certificate Principal Balance of each Class and the
Certificate Principal Balance of a Single Certificate of each Class
after giving effect to (i) all distributions allocable to principal
made on such Distribution Date and (ii) the allocation of any Realized
Losses and any Subordinate Writedown Certificate Amount for such
Distribution Date:
Class Certificate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 8-A1....................$ 18,536,916.40 $ 998.59
Class 8-A2....................$ 12,797,277.88 $ 959.39
Class 8-A3....................$ 29,292,000.00 $ 1,000.00
Class 8-A4....................$ 13,131,000.00 $ 1,000.00
Class 8-A5....................$ 18,652,000.00 $ 1,000.00
Class 8-A6....................$ 21,902,000.00 $ 1,000.00
Class 8-A7....................$ 99,066,755.44 $ 994.71
Class 8-A8....................$ 53,477,003.73 $ 972.31
Class 8-A9....................$ 4,302,521.42 $ 1,012.12
Class 8-A10...................$ 11,873,177.78 $ 1,012.12
Class 8-A11...................$ 21,579,000.00 $ 1,000.00
Class 8-A12...................$ 4,212,068.52 $ 1,000.00
Class 8-A13...................$ 29,722,000.00 $ 1,000.00
Class 8-A14...................$ 23,464,092.50 $ 836.81
Class 8-A15...................$ 5,663,747.28 $ 836.81
Class 8-A16...................$ 75,145,162.44 $ 965.59
Class 8-A17...................$ 30,000,000.00 $ 1,000.00
Class 8-A18...................$ 30,000,000.00 $ 1,000.00
Class 8-A19...................$ 30,000,000.00 $ 1,000.00
Class 8-PO....................$ 459,037.87 $ 995.09
Class 8-M.....................$ 7,757,085.08 $ 998.59
Class 8-B1....................$ 4,754,310.26 $ 998.59
Class 8-B2....................$ 3,753,718.18 $ 998.59
Class 8-B3....................$ 2,502,478.78 $ 998.59
Class 8-B4....................$ 750,643.78 $ 998.59
Class 8-B5....................$ 1,751,578.18 $ 998.59
Class 8-R.....................$ 48.28 $ 965.60
Class 8-RL....................$ 48.28 $ 965.60
Class 8-S.....................$ 462,772,996.06 $ 977.40
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.......................................$ 1,223,835.77
unpaid principal balance.........................$ 1,223,835.77
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 11 Principal Balance $ 3,338,885.97
(2) 60-89 days
Number 0 Principal Balance $ 0.00
(3) 90 days or more
Number 0 Principal Balance $ 0.00
(b) in foreclosure
Number 0 Principal Balance $ 0.00
x) The Scheduled Principal Balance of any Mortgage Loan and number of
replaced pursuant to Section 2.03(b), and of any Modified Mortgage
Loan purchased pursuant to Section 3.01(c): $ 0.00 $ 0.00
xi) The Scheduled Principal Balance of any Mortgage Loan and number of any
Modified Mortgage Loan purchased pursuant to Section 3.01(c):
$ 0.00 $ 0.00
xii) The Certificate Interest Rates, applicable to the Interest Accrual
Period relating to such Distribution Date:
Class 8-A14 Certificates: 6.787500%
Class 8-A15 Certificates: 9.166070%
Class 8-S Certificates: ....... 0.365897%
xiii) Senior Percentage for such Distribution Date: .......... 95.71849400%
xiv) Category B Group I Senior Percentage for such
Distribution Date:...................................... 89.93309000%
xv) Category B Group II Senior Percentage for such Distribution
Date: ........................ .......................... 10.00000000%
xvi) Senior Prepayment Percentage for such Distribution Date:.100.00000000%
xvii)Category B Group I Senior Prepayment Percentage for such Distribution
Date:....................................................100.00000000%
xviii) Junior Percentage for such Distribution Date:.......... 4.28150600%
xix) Junior Prepayment Percentage for such Distribution Date:. 0.00000000%
Exhibit 99.21
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
NOVEMBER 1997
REMIC Multi-Class Pass-Through Certificates
Series 1997-10
Pursuant to the Pooling and Servicing Agreement dated as of September 1,
1997 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank and Trust Company (the "Trustee"), governing
the Certificates referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate Scheduled Monthly Payments:
(a) Principal .............................$ 474,590.38
(b) Interest ..............................$ 972,831.07
(c) Total .................................$ 1,447,421.45
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal .............................$ 474,590.38
(b) Interest ..............................$ 939,165.93
(c) Total .................................$ 1,413,756.31
3. Aggregate Principal Prepayments in part received and applied in prior
month:.......................................$ 122,271.10
4. Aggregate Principal Prepayments in full received in prior month:
(a) Principal .............................$ 1,362,301.91
(b) Interest ..............................$ 8,474.63
(c) Total .................................$ 1,370,776.54
<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: ..........$ 152,197,057.57
10. Available Funds: ...........................$ 2,906,803.95
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: ..............$ 796.33
<PAGE>
14. Accrued Certificate Interest, Unpaid Class Interest Shortfalls and
Pay-out Rate:
Class 10-A1....$ 279,638.51 $ 0.00 6.75000011%
Class 10-A2....$ 112,662.10 $ 0.00 6.75000023%
Class 10-A3....$ 165,341.37 $ 0.00 6.74999990%
Class 10-A4....$ 56,546.67 $ 0.00 6.74999955%
Class 10-A5....$ 114,020.69 $ 0.00 6.74999996%
Class 10-A6....$ 114,959.17 $ 0.00 6.74999988%
Class 10-M.....$ 8,697.64 $ 0.00 6.74999787%
Class 10-B1....$ 4,346.02 $ 0.00 6.75000391%
Class 10-B2....$ 4,346.02 $ 0.00 6.75000391%
Class 10-B3....$ 2,607.61 $ 0.00 6.74999871%
Class 10-B4....$ 1,738.41 $ 0.00 6.75001172%
Class 10-B5....$ 2,176.49 $ 0.00 6.75022078%
Class 10-S.....$ 80,559.86 $ 0.00 0.62991803%
Class 10-R.....$ 0.00 $ 0.00 0.00000000%
15. Principal distributable:
Class 10-A1....$ 645,400.05 Class 10-M....$ 4,759.98
Class 10-A2....$ 626,004.88 Class 10-B1...$ 2,378.46
Class 10-A3....$ 611,697.06 Class 10-B2...$ 2,378.46
Class 10-A4....$ 0.00 Class 10-B3...$ 1,427.07
Class 10-A5....$ 0.00 Class 10-B4...$ 951.38
Class 10-A6....$ 62,913.99 Class 10-B5...$ 1,191.10
Class 10-PO....$ 60.96 Class 10-R....$ 0.00
16. Additional distributions to the Class 10-R Certificate pursuant to
Section 4.01(b):..................................$ 0.00
17. Certificate Interest Rates of:
Class 10-S Certificates:..... 0.629918%
B. Other Amounts:
1. Senior Percentage for such Distribution Date: ............. 97.242227%
2. Category A-Senior Percentage for such Distribution Date: .. 32.250577%
3. Category B-Senior Percentage for such Distribution Date: .. 64.991650%
4. Category A-Percentage for such Distribution Date: ......... 33.165198%
5. Category B-Percentage for such Distribution Date: ......... 66.834802%
<PAGE>
6. Cat. B Group I Senior Percentage for such Distribution Date: 51.733463%
7. Cat. B Group II Senior Percentage for such Distribution Date:13.258187%
8. Senior Prepayment Percentage for such Distribution Date: ...100.000000%
9. Junior Percentage for such Distribution Date: ............... 2.757773%
10. Junior Prepayment Percentage for such Distribution Date: ... 0.000000%
11. Class A6 Percentage: 20.399832%
12. Class A6 Prepayment Distribution Percentage: 0.000000%
13. Subordinate Certificate Writedown Amount for such
Distribution Date: ......................................$ 0.00
14. Prepayment Distribution Triggers satisfied:
YES NO
--- --
Class 10-B1....... X
Class 10-B2....... X
Class 10-B3....... X
Class 10-B4....... X
Class 10-B5....... X
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
------------------------------------
Name: Karen Pickett
Title: Vice President
Investor Operations
Exhibit 99.22
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
NOVEMBER 1997
REMIC Multi-Class Pass-Through Certificates
Series 1997-10
Pursuant to the Pooling and Servicing Agreement dated as of September 1,
1997 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank and Trust Company (the "Trustee"), governing
the Certificates referred to above, the Company hereby certifies to the Trustee:
(a) The amounts below (other than for Class R) are for a Single Certificate of
$1,000:
i) The amount of such distribution allocable to principal:
Class 10-A1....$ 12.90800100 Class 10-M.....$ 3.06897485
Class 10-A2....$ 30.85439795 Class 10-B1....$ 3.06898065
Class 10-A3....$ 20.63180440 Class 10-B2....$ 3.06898065
Class 10-A4....$ 0.00000000 Class 10-B3....$ 3.06896774
Class 10-A5....$ 0.00000000 Class 10-B4....$ 3.06896774
Class 10-A6....$ 3.06897512 Class 10-B5....$ 3.06899024
Class 10-PO....$ 7.12590740 Class 10-R.....$ 0.00000000
ii) Principal Prepayments included in the above principal distribution
(including the Scheduled Principal Balances of all Defaulted Mortgage
Loans and Defective Mortgage Loans purchased pursuant to Section 2.02,
2.03 (b) or 3.16, respectively, and any amounts deposited pursuant to
Section 2.03(b) in connection with the substitution of any Mortgage
Loans pursuant to Section 2.02 or 2.03(a), the proceeds of which are
being distributed on such Distribution Date):
Class 10-A1....$ 9.84692302 Class 10-M.....$ 0.00000000
Class 10-A2....$ 23.53740765 Class 10-B1....$ 0.00000000
Class 10-A3....$ 15.73905903 Class 10-B2....$ 0.00000000
Class 10-A4....$ 0.00000000 Class 10-B3....$ 0.00000000
Class 10-A5....$ 0.00000000 Class 10-B4....$ 0.00000000
Class 10-A6....$ 2.34118062 Class 10-B5....$ 0.00000000
Class 10-PO....$ 5.43602852 Class 10-R.....$ 0.00000000
<PAGE>
iii) The amount of such distribution to the Certificateholders of each
class, allocable to Interest:
Class 10-A1....$ 5.59277020 Class 10-B1....$ 5.60776774
Class 10-A2....$ 5.55286609 Class 10-B2....$ 5.60776774
Class 10-A3....$ 5.57676508 Class 10-B3....$ 5.60776344
Class 10-A4....$ 5.62499963 Class 10-B4....$ 5.60777419
Class 10-A5....$ 5.62499997 Class 10-B5....$ 5.60794774
Class 10-A6....$ 5.60776439 Class 10-R.....$ 0.00000000
Class 10-M.....$ 5.60776273 Class 10-S.....$ 0.00000000
iv) The amount of servicing compensation received by the Company during
the month preceding the month of distribution: $ 36,822.97
(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: $ 152,197,057.57
The aggregate number of Mortgage Loans included in the Scheduled
Principal Balance set forth above: 486
vi) The Class Certificate Principal Balance of each Class and the
Certificate Principal Balance of a Single Certificate of each Class
after giving effect to (i) all distributions allocable to principal
made on such Distribution Date and (ii) the allocation of any Realized
Losses and any Subordinate Writedown Certificate Amount for such
Distribution Date:
Class Certificate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 10-A1...................$ 49,068,112.04 $ 981.36
Class 10-A2...................$ 19,402,812.21 $ 956.32
Class 10-A3...................$ 28,782,324.71 $ 970.79
Class 10-A4...................$ 10,052,742.00 $ 1,000.00
Class 10-A5...................$ 20,270,345.00 $ 1,000.00
Class 10-A6...................$ 20,374,272.16 $ 993.87
Class 10-PO...................$ 8,493.41 $ 992.84
Class 10-M....................$ 1,541,487.62 $ 993.87
Class 10-B1...................$ 770,246.87 $ 993.87
Class 10-B2...................$ 770,246.87 $ 993.87
Class 10-B3...................$ 462,148.13 $ 993.87
Class 10-B4...................$ 308,098.75 $ 993.87
Class 10-B5...................$ 385,727.80 $ 993.87
Class 10-R....................$ 0.00 $ 0.00
Class 10-S....................$ 151,510,418.07 $ 981.66
<PAGE>
vii) The following pertains to any real estate acquired on behalf of
Certificateholders through foreclosure, or grant of a deed in lieu of
foreclosure or otherwise, of any REO Mortgage Loan:
book value.......................................$ 0.00
unpaid principal balance.........................$ 333,896.57
number of related mortgage loans................. 0
viii)The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the month
preceding the related Determination Date, were:
(a) delinquent
(1) 30-59 days
Number 2 Principal Balance $ 391,148.73
(2) 60-89 days
Number 1 Principal Balance $ 276,000.00
(3) 90 days or more
Number 0 Principal Balance $ 0.00
(b) in foreclosure
Number 0 Principal Balance $ 0.00
ix) The Scheduled Principal Balance of any Mortgage Loan and number of
replaced pursuant to Section 2.03(b), and of any Modified Mortgage
Loan purchased pursuant to Section 3.01(c): $ 0.00 $ 0.00
x) The Scheduled Principal Balance of any Mortgage Loan and number of any
Modified Mortgage Loan purchased pursuant to Section 3.01(c):
$ 0.00 $ 0.00
xi) The Certificate Interest Rates, applicable to the Interest Accrual
Period relating to such Distribution Date:
Class 6-S: ........................ 0.629918%
xii) Senior Percentage for such Distribution Date: .......... 97.24222700%
xiii) Category A-Senior Percentage for such Distribution Date: 32.25057700%
xiv) Category B-Senior Percentage for such Distribution Date: 64.99165000%
xv) Category A-Percentage for such Distribution Date: ...... 33.165198%
xvi) Category B-Percentage for such Distribution Date: ...... 66.834802%
<PAGE>
xvii) Senior Prepayment Percentage for such Distribution Date:100.000000%
xviii)Cat. B. Group I Senior Percentage for such Distribution
Date: .................................................. 51.733463%
xix) Cat. B Group II Senior Percentage for such Distribution
Date: .................................................. 13.258187%
xx) Class A6 Percentage:.................................... 20.39983200%
xxi) Class A6 Prepayment Distribution Percentage:............ 0.0000000%
xxii) Junior Percentage for such Distribution Date: .......... 2.75777300%
xxii) Junior Prepayment Percentage for such Distribution Date: 0.00000000%
Exhibit 99.23
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
NOVEMBER 1997
Home Equity Loan Pass-Through Certificates
Series 1997-HE3
Pursuant to the Pooling and Servicing Agreement dated as of September 1,
1997 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company"), and The First National Bank of Chicago (the "Trustee"), governing
the Certificates referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
(1) Aggregate Monthly Payments Due: $ 2,548,499.91
(2) Aggregate Monthly Payments received and Monthly Advances made this
Month:
(a) Principal $ 384,667.63
(b) Interest $ 1,895,766.29
(c) Total $ 2,280,433.92
(3) Aggregate Principal Prepayments in part received on Self- Amortizing
Mortgage Loans and applied in the applicable Prepayment Period:
(a) Principal $ 60,917.17
(c) Total $ 60,917.17
(4) Aggregate Principal Prepayments in full received in the applicable
Prepayment period:
(a) Principal $ 1,542,879.44
(b) Interest $ 15,596.85
(c) Total $ 1,558,476.29
(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
<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 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: $ 235,009,297.78
(11) Available Funds: $ 3,778,059.85
(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
<PAGE>
(14) Compensating Interest Payment: $ 878.32
(15) Net Simple Interest Shortfall: $ 0.00
(16) Net Simple Interest Excess: $ 16,314.41
(17) Simple Interest Shortfall Payment: $ 0.00
(18) Unpaid Net Simple Interest Shortfall:
Class A1 36157NBK9 $ 0.00
Class A2 36157NBL7 $ 0.00
Class A3 36157NBM5 $ 0.00
Class A4 36157NBN3 $ 0.00
Class A5 36157NBP8 $ 0.00
Class A6 36157NBQ6 $ 0.00
Class S 36197HE3S $ 0.00
Class M 36157NBT0 $ 0.00
Class B1 36157NBU7 $ 0.00
Class B2 36157NBV5 $ 0.00
Class B3 36157NBW3 $ 0.00
Class B4 36157NBX1 $ 0.00
Class B5 36157NBY9 $ 0.00
(19) Class Certificate Interest Rate:
Class M 36157NBT0 7.200%
Class B1 36157NBU7 7.250%
Class B2 36157NBV5 7.600%
Class B3 36157NBW3 9.138%
Class B4 36157NBX1 9.138%
Class B5 36157NBY9 9.138%
Class S 36197HE3S 2.40%
<PAGE>
(20) Accrued Certificate Interest and Pay-out Rate:
Class A1 36157NBK9 $ 410,260.77 6.530%
Class A2 36157NBL7 $ 69,983.33 6.460%
Class A3 36157NBM5 $ 293,400.00 6.520%
Class A4 36157NBN3 $ 149,227.23 6.790%
Class A5 36157NBP8 $ 135,552.08 7.150%
Class A6 36157NBQ6 $ 134,400.00 6.720%
Class S 36197HE3S $ 469,258.40 2.40%
Class M 36157NBT0 $ 35,442.49 7.200%
Class B1 36157NBU7 $ 32,117.34 7.250%
Class B2 36157NBV5 $ 14,962.08 7.600%
Class B3 36157NBW3 $ 17,997.53 9.138%
Class B4 36157NBX1 $ 13,496.25 9.138%
Class B5 36157NBY9 $ 13,498.11 9.138%
Total $ 1,789,595.61
(21) Principal distributable:
Class A1 36157NBK9 $ 1,956,556.40
Class A2 36157NBL7 $ 0.00
Class A3 36157NBM5 $ 0.00
Class A4 36157NBN3 $ 0.00
Class A5 36157NBP8 $ 0.00
Class A6 36157NBQ6 $ 0.00
Class M 36157NBT0 $ 9,668.82
Class B1 36157NBU7 $ 8,701.29
Class B2 36157NBV5 $ 3,866.88
Class B3 36157NBW3 $ 3,868.51
Class B4 36157NBX1 $ 2,900.97
Class B5 36157NBY9 $ 2,901.37
Class R1 36157NBR4 $ 0.00
Class R2 36157NBS2 $ 0.00
Total $ 1,988,464.24
(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: 91.705088%
(2) Senior Prepayment Percentage for such Distribution Date: 100.000000%
(3) Junior Percentage for such Distribution Date: 8.294912%
(4) Junior Prepayment Percentage for such Distribution Date: 0.000000%
(5) Subordinate Certfificate Writedown Amount for such
Distribution Date: $ 0.00
(6) Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class B1 X
Class B2 X
Class B3 X
Class B4 X
Class B5 X
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
----------------------------------------
Name: Karen Pickett
Title: Vice President,
Investor Operations
Exhibit 99.24
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
NOVEMBER 1997
Home Equity Loan Pass-Through Certificates
Series 1997-HE3
Pursuant to the Pooling and Servicing Agreement dated as of September 1,
1997 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company"), and The First National Bank of Chicago (the "Trustee"), governing
the Certificates referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
The amounts below are for a Single Certificate of $1,000:
(1) Amount of distribution allocable to principal:
Class A1 36157NBK9 $ 25.40982338
Class A2 36157NBL7 $ 0.00000000
Class A3 36157NBM5 $ 0.00000000
Class A4 36157NBN3 $ 0.00000000
Class A5 36157NBP8 $ 0.00000000
Class A6 36157NBQ6 $ 0.00000000
Class M 36157NBT0 $ 1.63435130
Class B1 36157NBU7 $ 1.63435130
Class B2 36157NBV5 $ 1.63435130
Class B3 36157NBW3 $ 1.63435130
Class B4 36157NBX1 $ 1.63435130
Class B5 36157NBY9 $ 1.63435130
Class R1 36157NBR4 $ 0.00000000
Class R2 36157NBS2 $ 0.00000000
(2) Aggregate Principal prepayments included in distribution:
Class A1 36157NBK9 $ 1,603,796.61
Class A2 36157NBL7 $ 0.00
Class A3 36157NBM5 $ 0.00
Class A4 36157NBN3 $ 0.00
Class A5 36157NBP8 $ 0.00
Class A6 36157NBQ6 $ 0.00
Class M 36157NBT0 $ 0.00
Class B1 36157NBU7 $ 0.00
Class B2 36157NBV5 $ 0.00
Class B3 36157NBW3 $ 0.00
Class B4 36157NBX1 $ 0.00
Class B5 36157NBY9 $ 0.00
Class R1 36157NBR4 $ 0.00
Class R2 36157NBS2 $ 0.00
<PAGE>
(3) Amount of distribution allocable to interest Pay-out Rate:
Class A1 36157NBK9 $ 5.32806194 6.530%
Class A2 36157NBL7 $ 5.38333333 6.460%
Class A3 36157NBM5 $ 5.43333333 6.520%
Class A4 36157NBN3 $ 5.65833333 6.790%
Class A5 36157NBP8 $ 5.95833333 7.150%
Class A6 36157NBQ6 $ 5.60000000 6.720%
Class S 36197HE3S $ 1.99676525 2.40%
Class M 36157NBT0 $ 5.99095511 7.200%
Class B1 36157NBU7 $ 6.03255897 7.250%
Class B2 36157NBV5 $ 6.32378595 7.600%
Class B3 36157NBW3 $ 7.60351970 9.138%
Class B4 36157NBX1 $ 7.60351970 9.138%
Class B5 36157NBY9 $ 7.60351970 9.138%
(4) Servicing Compensation: $ 122,039.82
The amounts below are for the aggregate of all Certificates:
(5) Pool Principal Balance; $ 235,009,297.78
number of Mortgage Loans: 3,731
(6) Class Certificate Principal Balance of each Class; Certificate
Principal Balance of Single Certificate of each class:
Single
Certificate
Class Cusip# Class Balance Balance
----- ------ ------------- -------
Class A1 36157NBK9 $ 73,435,927.97 $ 953.71335025
Class A2 36157NBL7 $ 13,000,000.00 $1,000.00000000
Class A3 36157NBM5 $ 54,000,000.00 $1,000.00000000
Class A4 36157NBN3 $ 26,373,000.00 $1,000.00000000
Class A5 36157NBP8 $ 22,750,000.00 $1,000.00000000
Class A6 36157NBQ6 $ 24,000,000.00 $1,000.00000000
Class M 36157NBT0 $ 5,897,412.92 $ 996.85816721
Class B1 36157NBU7 $ 5,307,272.88 $ 996.85816721
Class B2 36157NBV5 $ 2,358,566.42 $ 996.85816721
Class B3 36157NBW3 $ 2,359,563.28 $ 996.85816721
Class B4 36157NBX1 $ 1,769,423.25 $ 996.85816721
Class B5 36157NBY9 $ 1,769,666.82 $ 996.85816721
Class R1 36157NBR4 $ 0.00 $ 0.00000000
Class R2 36157NBS2 $ 0.00 $ 0.00000000
<PAGE>
(7) Book value of real estate acquired on behalf of Certificate-
holders; $ 0.00
number of related Mortgage Loans: 0
(8) Aggregate Scheduled Principal Balance and number of delinquent
Mortgage Loans:
One Payment Delinquent $ 1,587,889.96
29
Two Payments Delinquent $ 581,519.27
11
Three or more Payments Delinquent $ 118,000.00
1
TOTAL $ 2,287,409.23
41
In foreclosure $ 0.00
0
(9) Aggregate Scheduled Principal Balance and number of replaced Mortgage
Loans: $ 0.00
0
(10) Unpaid Net Simple Interest Shortfall:
Class A1 36157NBK9 $ 0.00
Class A2 36157NBL7 $ 0.00
Class A3 36157NBM5 $ 0.00
Class A4 36157NBN3 $ 0.00
Class A5 36157NBP8 $ 0.00
Class A6 36157NBQ6 $ 0.00
Class S 36197HE3S $ 0.00
Class M 36157NBT0 $ 0.00
Class B1 36157NBU7 $ 0.00
Class B2 36157NBV5 $ 0.00
Class B3 36157NBW3 $ 0.00
Class B4 36157NBX1 $ 0.00
Class B5 36157NBY9 $ 0.OO
<PAGE>
(11) Class Certificate Interest Rate of:
Class M 36157NBT0 7.200%
Class B1 36157NBU7 7.250%
Class B2 36157NBV5 7.600%
Class B3 36157NBW3 9.138%
Class B4 36157NBX1 9.138%
Class B5 36157NBY9 9.138%
Class S 36197HE3S 2.40%
(12) Senior Percentage for such Distribution Date: 91.705088%
(13) Senior Prepayment Percentage for such Distribution Date: 100.000000%
(14) Junior Percentage for such Distribution Date: 8.294912%
(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 99.25
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
NOVEMBER 1997
REMIC Multi-Class Pass-Through Certificates
Series 1997-9
Pursuant to the Pooling and Servicing Agreement dated as of October 1, 1997
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate Scheduled Monthly Payments:
Pool 1 Pool 2
------ ------
(a) Principal ..................... $ 354,423.91 $ 250,888.68
(b) Interest ...................... $ 3,247,510.52 $ 2,251,382.95
(c) Total ......................... $ 3,601,934.43 $ 2,502,271.63
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal ..................... $ 354,423.91 $ 250,888.68
(b) Interest ...................... $ 3,146,987.89 $ 2,174,456.88
(c) Total ......................... $ 3,501,411.80 $ 2,425,345.56
3. Aggregate Principal Prepayments in part received and applied in the
applicable Prepayment Period:........ $ 104,754.72 $ 247,312.15
4. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal ..................... $ 4,276,812.63 $ 1,932,297.80
(b) Interest ...................... $ 22,759.57 $ 12,006.22
(c) Total ......................... $ 4,299,572.20 $ 1,944,304.02
<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 ..................... $ 340,000.O0 $ 0.00
(b) Interest ...................... $ 2,269.96 $ 0.00
(c) Total ......................... $ 342,269.96 $ 0.00
9. Pool Scheduled Principal Balance:.... $348,301,654.73 $496,081,495.61
10. Available Funds: ................... $ 8,248,008.68 $ 4,616,961.73
11. Realized Losses for Prior Month: ... $ 0.00 $ 0.00
12. Aggregrate Realized Losses and Debt Service Reductions:
(a) Deficient Valuations ........... $ 0.00 $ 0.00
(b) Special Hazard Losses .......... $ 0.00 $ 0.00
(c) Fraud Losses ................... $ 0.00 $ 0.00
(d) Excess Bankruptcy Losses ....... $ 0.00 $ 0.00
(e) Excess Special Hazard Losses ... $ 0.00 $ 0.00
(f) Excess Fraud Losses ............ $ 0.00 $ 0.00
(g) Debt Service Reductions.......... $ 0.00 $ 0.00
<PAGE>
13. Compensating Interest Payment: ..... $ 802.13 $ 1,840.29
14. Accrued Certificate Interest, unpaid Class Interest Shortfalls and
Pay-out Rate:
Class 1-A1....$ 113,878.13 $ 0.00 6.75000030%
Class 1-A2....$ 91,068.75 $ 0.00 6.75000000%
Class 1-A3....$ 104,366.25 $ 0.00 6.75000000%
Class 1-A4....$ 79,689.38 $ 0.00 6.75000042%
Class 1-A5....$ 76,185.00 $ 0.00 6.75000000%
Class 1-A6....$ 446,950.00 $ 0.00 7.00000000%
Class 1-A7....$ 0.00 $ 0.00 0.00000000%
Class 1-A8....$ 34,854.17 $ 0.00 7.00000067%
Class 1-A9....$ 209,084.17 $ 0.00 7.00000011%
Class 1-A10...$ 44,041.67 $ 0.00 7.00000053%
Class 1-A11...$ 137,189.54 $ 0.00 2.31376061%
Class 1-A12...$ 121,105.21 $ 0.00 7.25000010%
Class 1-A13...$ 399,142.71 $ 0.00 7.25000003%
Class 1-A14...$ 255,169.79 $ 0.00 7.24999995%
Class 1-A15...$ 162,097.92 $ 0.00 7.25000015%
Class 1-A16...$ 100,170.83 $ 0.00 7.24999976%
Class 1-A17...$ 121,926.87 $ 0.00 7.24999970%
Class 1-PO....$ 0.00 $ 0.00 0.00000000%
Class 1-S.....$ 144,290.33 $ 0.00 0.34746200%
Class 1-M.....$ 46,931.67 $ 0.00 7.25000051%
Class 1-B1....$ 28,764.37 $ 0.00 7.24999874%
Class 1-B2....$ 22,707.60 $ 0.00 7.24999867%
Class 1-B3....$ 15,137.40 $ 0.00 7.25000200%
Class 1-B4....$ 4,541.52 $ 0.00 7.24999867%
Class 1-B5....$ 10,604.51 $ 0.00 7.24999191%
Class 1-R.....$ 0.60 $ 0.00 7.20000000%
Class 1-RL....$ 0.60 $ 0.00 7.20000000%
Class 2-A1....$ 204,598.33 $ 0.00 6.99999989%
Class 2-A2....$ 102,299.17 $ 0.00 7.00000023%
Class 2-A3....$ 475,795.83 $ 0.00 6.99999995%
Class 2-A4....$ 123,410.00 $ 0.00 7.00000000%
Class 2-A5....$ 58,496.67 $ 0.00 7.00000040%
Class 2-A6....$ 116,666.67 $ 0.00 7.00000020%
Class 2-A7....$ 638,324.17 $ 0.00 7.00000004%
Class 2-A8....$ 65,566.67 $ 0.00 7.00000036%
Class 2-A9....$ 84,939.17 $ 0.00 7.00000027%
Class 2-A10...$ 87,838.33 $ 0.00 6.99999973%
Class 2-S.....$ 141,572.47 $ 0.00 0.49972700%
Class 2-PO....$ 0.00 $ 0.00 0.00000000%
Class 2-M.....$ 31,712.92 $ 0.00 7.00000074%
Class 2-B1....$ 19,436.71 $ 0.00 7.00001561%
Class 2-B2....$ 15,344.58 $ 0.00 6.99999848%
Class 2-B3....$ 10,228.75 $ 0.00 7.00000000%
Class 2-B4....$ 3,068.33 $ 0.00 6.99999240%
Class 2-B5....$ 7,164.33 $ 0.00 7.00005761%
<PAGE>
15. Principal Distribution Amount:
Class 1-A1....$ 248,755.75 Class 2-A1....$ 25,087.56
Class 1-A2....$ 0.00 Class 2-A2....$ 12,543.78
Class 1-A3....$ 0.00 Class 2-A3....$ 1,184,710.24
Class 1-A4....$ 0.00 Class 2-A4....$ 0.00
Class 1-A5....$ 0.00 Class 2-A5....$ 0.00
Class 1-A6....$ 500,349.74 Class 2-A6....$ 0.00
Class 1-A7....$ 2,490,487.05 Class 2-A7....$ 1,197,254.02
Class 1-A8....$ 59,749.17 Class 2-A8....$ 0.00
Class 1-A9....$ 25,348.50 Class 2-A9....$ 0.00
Class 1-A10...$ 5,339.43 Class 2-A10...$ 0.00
Class 1-A11...$ 108,441.16 Class 2-PO....$ 240.68
Class 1-A12...$ 14,176.01 Class 2-M.....$ 3,888.59
Class 1-A13...$ 1,904,337.10 Class 2-B1....$ 2,383.30
Class 1-A14...$ 105,847.38 Class 2-B2....$ 1,881.53
Class 1-A15...$ 0.00 Class 2-B3....$ 1,254.23
Class 1-A16...$ 0.00 Class 2-B4....$ 376.23
Class 1-A17...$ 0.00 Class 2-B5....$ 878.54
Class 1-PO....$ 14.89
Class 1-M.....$ 5,493.60
Class 1-B1....$ 3,367.02
Class 1-B2....$ 2,658.05
Class 1-B3....$ 1,771.91
Class 1-B4....$ 531.61
Class 1-B5....$ 1,241.32
Class 1-R.....$ 100.00
Class 1-RL....$ 100.00
16. Accrual Amount:
Class 1-A7 $ 47,048.43
Class 1-A11C $ 305,550.00
Class 1-A11D $ 49,520.00
17. Additional Distributions to the Class R Certificate pursuant to
Section 4.01 (c): $ 0.00
18. Additional Distributions to the Class RL Certificate pursuant to
Section 2.05 (d): $ 0.00
<PAGE>
19. Distribution Allocable to Unanticipated Recoveries:
Class 1-A1 $ Class 2-A1 $
Class 1-A2 $ Class 2-A2 $
Class 1-A3 $ Class 2-A3 $
Class 1-A4 $ Class 2-A4 $
Class 1-A5 $ Class 2-A5 $
Class 1-A6 $ Class 2-A6 $
Class 1-A7 $ Class 2-A7 $
Class 1-A8 $ Class 2-A8 $
Class 1-A9 $ Class 2-A9 $
Class 1-A10 $ Class 2-A10 $
Class 1-A11 $ Class 2-PO $
Class 1-A12 $ Class 2-M $
Class 1-A13 $ Class 2-B1 $
Class 1-A14 $ Class 2-B2 $
Class 1-A15 $ Class 2-B3 $
Class 1-A16 $ Class 2-B4 $
Class 1-A17 $ Class 2-B5 $
Class 1-PO $
Class 1-M $
Class 1-B1 $
Class 1-B2 $
Class 1-B3 $
Class 1-B4 $
Class 1-B5 $
Class 1-R $
Class 1-RL $
20. Certificate Interest Rate of:
Class 1-A11A.................................0.00000000%
Class 1-A11B.................................0.00000000%
Class 1-S....................................0.34746200%
Class 2-S....................................0.49972700%
B. Other Amounts for such Distribution Date:
Pool 1 Pool 2
------ ------
1. Senior Percentage: .....................95.74971300% 95.74766900%
2. Pool 1 Category A Group II Senior
Percentage: ............................19.95443200% N/A
3. Class 1-A12 Percentage...................10.44358500% N/A
4. Class 2-A1 Percentage.................... N/A 10.44970000%
5. Class 2-A2 Percentage.................... N/A 5.22485000%
<PAGE>
6. Senior Prepayment Percentage: .........100.00000000% 100.00000000%
7. Junior Percentage: ..................... 4.25028700% 4.25233100%
8. Junior Prepayment Percentage: .......... 0.00000000% 0.00000000%
9. Subordinate Certificate Writedown: .....$ 0.00 $ 0.00
10. 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 99.26
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
REMIC Multi-Class Pass-Through Certificates
NOVEMBER 1997
Series 1997-9
Pursuant to the Pooling and Servicing Agreement dated as of October 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 $1,000.
1) The amount of such distribution allocable to principal:
Class 1-A1.....$ 12.28726846 Class 2-A1...$ 0.71527513
Class 1-A2.....$ 0.00000000 Class 2-A2...$ 0.71527513
Class 1-A3.....$ 0.00000000 Class 2-A3...$ 14.52473782
Class 1-A4.....$ 0.00000000 Class 2-A4...$ 0.00000000
Class 1-A5.....$ 0.00000000 Class 2-A5...$ 0.00000000
Class 1-A6.....$ 6.53027591 Class 2-A6...$ 0.00000000
Class 1-A7.....$ 308.78482836 Class 2-A7...$ 10.94112075
Class 1-A8.....$ 9.99986109 Class 2-A8...$ 0.00000000
Class 1-A9.....$ 0.70720922 Class 2-A9...$ 0.00000000
Class 1-A10....$ 0.70720927 Class 2-A10..$ 0.00000000
Class 1-A11....$ 1.52408901 Class 2-PO...$ 1.34089034
Class 1-A12....$ 0.70720928 Class 2-M....$ 0.71527453
Class 1-A13....$ 28.82520397 Class 2-B1...$ 0.71527611
Class 1-A14....$ 2.50615319 Class 2-B2...$ 0.71527466
Class 1-A15....$ 0.00000000 Class 2-B3...$ 0.71527231
Class 1-A16....$ 0.00000000 Class 2-B4...$ 0.71526616
Class 1-A17....$ 0.00000000 Class 2-B5...$ 0.71532981
Class 1-PO.....$ 0.90518533
Class 1-M......$ 0.70720906
Class 1-B1.....$ 0.70720857
Class 1-B2.....$ 0.70721032
Class 1-B3.....$ 0.70720814
Class 1-B4.....$ 0.70721032
Class 1-B5.....$ 0.70721168
Class 1-R......$ 1,000.00000000
Class 1-RL.....$ 1,000.00000000
<PAGE>
2) 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.....$ 11.46334593 Class 2-A1...$ 0.64426706
Class 1-A2.....$ 0.00000000 Class 2-A2...$ 0.64426706
Class 1-A3.....$ 0.00000000 Class 2-A3...$ 13.08281205
Class 1-A4.....$ 0.00000000 Class 2-A4...$ 0.00000000
Class 1-A5.....$ 0.00000000 Class 2-A5...$ 0.00000000
Class 1-A6.....$ 6.09238840 Class 2-A6...$ 0.00000000
Class 1-A7.....$ 288.07926821 Class 2-A7...$ 9.85495423
Class 1-A8.....$ 9.32932062 Class 2-A8...$ 0.00000000
Class 1-A9.....$ 0.65978732 Class 2-A9...$ 0.00000000
Class 1-A10....$ 0.65978737 Class 2-A10..$ 0.00000000
Class 1-A11....$ 1.42189125 Class 2-PO...$ 1.20777507
Class 1-A12....$ 0.65978738 Class 2-M....$ 0.00000000
Class 1-A13....$ 26.89233053 Class 2-B1...$ 0.00000000
Class 1-A14....$ 2.33810314 Class 2-B2...$ 0.00000000
Class 1-A15....$ 0.00000000 Class 2-B3...$ 0.00000000
Class 1-A16....$ 0.00000000 Class 2-B4...$ 0.00000000
Class 1-A17....$ 0.00000000 Class 2-B5...$ 0.00000000
Class 1-PO.....$ 0.84448815
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......$ 932.94502111
Class 1-RL.....$ 932.94502111
3) The amount of such distribution to the Certificateholders of each
class, allocable to Interest; Pay-out Rate:
Class 1-A1.....$ 5.62500025 6.7500000%
Class 1-A2.....$ 5.62500000 6.7500000%
Class 1-A3.....$ 5.62500000 6.7500000%
Class 1-A4.....$ 5.62500035 6.7500000%
Class 1-A5.....$ 5.62500000 6.7500000%
Class 1-A6.....$ 5.83333333 7.0000000%
Class 1-A7.....$ 0.00000000 7.0000000%
Class 1-A8.....$ 5.83333389 7.0000000%
Class 1-A9.....$ 5.83333343 7.0000000%
Class 1-A10....$ 5.83333377 7.0000000%
Class 1-A11....$ 1.92813384 0.0000000%
Class 1-A12....$ 6.04166675 7.2500000%
Class 1-A13....$ 6.04166669 7.2500000%
Class 1-A14....$ 6.04166663 7.2500000%
<PAGE>
Class 1-A15....$ 6.04166679 7.25000000%
Class 1-A16....$ 6.04166647 7.25000000%
Class 1-A17....$ 6.04166642 7.25000000%
Class 1-S......$ 0.41139750 0.34746200%
Class 1-M......$ 6.04166710 7.25000000%
Class 1-B1.....$ 6.04166562 7.25000000%
Class 1-B2.....$ 6.04166556 7.25000000%
Class 1-B3.....$ 6.04166833 7.25000000%
Class 1-B4.....$ 6.04166556 7.25000000%
Class 1-B5.....$ 6.04165992 7.25000000%
Class 1-R......$ 6.00000000 7.25000000%
Class 1-RL.....$ 6.00000000 7.25000000%
Class 2-A1.....$ 5.83333324 7.00000000%
Class 2-A2.....$ 5.83333352 7.00000000%
Class 2-A3.....$ 5.83333329 7.00000000%
Class 2-A4.....$ 5.83333333 7.00000000%
Class 2-A5.....$ 5.83333367 7.00000000%
Class 2-A6.....$ 5.83333350 7.00000000%
Class 2-A7.....$ 5.83333336 7.00000000%
Class 2-A8.....$ 5.83333363 7.00000000%
Class 2-A9.....$ 5.83333356 7.00000000%
Class 2-A10....$ 5.83333311 7.00000000%
Class 2-S......$ 0.28249097 0.49972700%
Class 2-PO.....$ 0.00000000 0.00000000%
Class 2-M......$ 5.83333395 7.00000000%
Class 2-B1.....$ 5.83334634 7.00000000%
Class 2-B2.....$ 5.83333207 7.00000000%
Class 2-B3.....$ 5.83333333 7.00000000%
Class 2-B4.....$ 5.83332700 7.00000000%
Class 2-B5.....$ 5.83338134 7.00000000%
4) The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
Pool 1 Pool 2
------ ------
$ 34,805.99 $ 25,074.41
(b) The amounts below are for the aggregate of all certificates.
5) The Pool Scheduled Principal Balances:$ 348,301,654.73 $496,081,495.61
Number of Mortgage Loans: 1,159 1,623
6) The Class Certificate Principal Balance of each Class and the
Certificate Principal Balance of a Single Certificate of each Class
after giving effect to all distributions allocable to principal made
on such Distribution Date and the allocation of Realized Losses
(separately identified), if any, as of such Distribution Date:
Aggregate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 1-A1........ $ 19,996,244.25 $ 987.71
Class 1-A2........ $ 16,190,000.00 $ 1,000.00
Class 1-A3........ $ 18,554,000.00 $ 1,000.00
Class 1-A4........ $ 14,167,000.00 $ 1,000.00
Class 1-A5........ $ 13,544,000.00 $ 1,000.00
<PAGE>
Class 1-A6........ $ 76,119,650.26 $ 993.47
Class 1-A7........ $ 5,622,006.38 $ 697.05
Class 1-A8........ $ 5,915,250.83 $ 990.00
Class 1-A9........ $ 35,817,651.50 $ 999.29
Class 1-A10........ $ 7,544,660.57 $ 999.29
Class 1-A11........ $ 71,398,089.84 $ 1,003.47
Class 1-A12........ $ 20,030,823.99 $ 999.29
Class 1-A13........ $ 64,160,662.90 $ 971.17
Class 1-A14........ $ 42,129,152.62 $ 997.49
Class 1-A15........ $ 26,830,000.00 $ 1,000.00
Class 1-A16........ $ 16,580,000.00 $ 1,000.00
Class 1-A17........ $ 20,181,000.00 $ 1,000.00
Class 1-PO........ $ 16,434.78 $ 999.09
Class 1-S......... $ 493,249,867.80 $ 989.82
Class 1-M......... $ 7,762,506.40 $ 999.29
Class 1-B1........ $ 4,757,632.98 $ 999.29
Class 1-B2........ $ 3,755,841.95 $ 999.29
Class 1-B3........ $ 2,503,728.09 $ 999.29
Class 1-B4........ $ 751,168.39 $ 999.29
Class 1-B5........ $ 1,753,989.88 $ 999.29
Class 1-R........ $ 0.00 $ 0.00
Class 1-RL........ $ 0.00 $ 0.00
Class 2-A1........ $ 35,048,912.44 $ 999.28
Class 2-A2........ $ 17,524,456.22 $ 999.28
Class 2-A3........ $ 80,380,289.76 $ 985.48
Class 2-A4........ $ 21,156,000.00 $ 1,000.00
Class 2-A5........ $ 10,028,000.00 $ 1,000.00
Class 2-A6........ $ 20,000,000.00 $ 1,000.00
Class 2-A7........ $ 108,229,745.98 $ 989.06
Class 2-A8........ $ 11,240,000.00 $ 1,000.00
Class 2-A9........ $ 14,561,000.00 $ 1,000.00
Class 2-A10........ $ 15,058,000.00 $ 1,000.00
Class 2-S........ $ 337,542,204.06 $ 992.89
Class 2-PO........ $ 179,252.00 $ 998.66
Class 2-M........ $ 5,432,611.41 $ 999.28
Class 2-B1....... $ 3,329,616.70 $ 999.28
Class 2-B2....... $ 2,628,618.47 $ 999.28
Class 2-B3....... $ 1,752,245.77 $ 999.28
Class 2-B4....... $ 525,623.77 $ 999.28
Class 2-B5....... $ 1,227,282.21 $ 999.28
7) 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>
8) 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 22 $ 6,615,261.91
(2) 60-89 days 0 $ 0.00
(3) 90 days or more 0 $ 0.00
(4) in foreclosure 0 $ 0.00
Pool 2................................................
*(1) 30-59 days 1 $ 304,600.00
(2) 60-89 days 0 $ 0.00
(3) 90 days or more 0 $ 0.00
(4) in foreclosure 0 $ 0.00
9) The aggregate number of replaced Mortgage loans and Scheduled
Principal Balance:
Pool 1................................. 0 $ 0.00
Pool 2................................. 0 $ 0.00
10) The aggregate number of modified Mortgage loans and Principal Balance:
Pool 1................................. 0 $ 0.00
Pool 2................................. 0 $ 0.00
11) Certificate Interest Rate of:
Class 1-A11A Certificates: 0.000000%
Class 1-A11B Certificates: 0.000000%
Class 1-S Certificates: 0.347462%
Class 2-S Certificates: 0.499727%
Pool 1 Pool 2
------ ------
12) Senior Percentage ................... 95.74971300% 95.74766900%
13) Pool 1 Category A Group II Senior
Percentage............................ 19.95443200% N/A
14) Class 1-A12 Percentage................ 10.44358500% N/A
15) Class 2-A1 Percentage................. N/A 10.44970000%
16) Class 2-A2 Percentage................. N/A 5.224850%
17) Senior Prepayment Percentage..........100.00000000% 100.00000000%
20) Junior Percentage ................... 4.25028700% 4.25233100%
21) Junior Prepayment Percentage ........ 0.00000000% 0.00000000%
* It has been the Company's experience that, with respect to the first
Distribution Date after the closing of a securitization containing a large
number of recently originated or acquired Mortgage Loans, the number of Mortgage
Loans 30-59 days delinquent may be inflated due to the borrowers sending monthly
payments to the wrong location or delays by the Company in inputting the
Mortgage Loans on its servicing system. It has also been the Company's
experience that for the majority of such Mortgage Loans the routing of
borrowers' monthly payments has corrected itself by the second Distribution
Date. However, the Company makes no assurances as to the level of delinquent
Mortgage Loans for future Distribution Dates.
