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) August 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 August 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 $ 7,401,763.98
Series 1997-02 $ 10,629,209.38
Series 1997-03 $ 7,895,220.89
Series 1997-HE-1 $ 4,567,902.24
Series 1997-04 $ 4,924,571.15
Series 1997-05 $ 10,952,434.09
Series 1997-06 $ 9,106,802.57
Series 1997-HE-2 $ 3,252,163.07
Series 1997-07 $ 8,821,537.16
Item 7. Financial Statements and Exhibits
- ------- ---------------------------------
Attached as Exhibits to Item 7 are the "Servicer's Certificate" and the
"Distribution Date Statement" filed as part of this Report.
Series Exhibit No. Description
------ ----------- -----------
Series 1997-01 99.1 Servicer's Certificate
99.2 Distribution Date Statement
Series 1997-02 99.3 Servicer's Certificate
99.4 Distribution Date Statement
Series 1997-03 99.5 Servicer's Certificate
99.6 Distribution Date Statement
Series 1997-HE-1 99.7 Servicer's Certificate
99.8 Distribution Date Statement
Series 1997-04 99.9 Servicer's Certificate
99.10 Distribution Date Statement
Series 1997-05 99.11 Servicer's Certificate
99.12 Distribution Date Statement
Series 1997-06 99.13 Servicer's Certificate
99.14 Distribution Date Statement
Series 1997-HE-2 99.15 Servicer's Certificate
99.16 Distribution Date Statement
Series 1997-07 99.17 Servicer's Certificate
99.18 Distribution Date Statement
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
------------------------------------
Name: Karen Pickett
Title: Vice President,
Investor Operations
Dated as of : August 25, 1997
<PAGE>
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
----------- -----------
99.1 Series 1997-01 Servicer's Certificate
99.2 Series 1997-01 Distribution Date Statement
99.3 Series 1997-02 Servicer's Certificate
99.4 Series 1997-02 Distribution Date Statement
99.5 Series 1997-03 Servicer's Certificate
99.6 Series 1997-03 Distribution Date Statement
99.7 Series 1997-HE-1 Servicer's Certificate
99.8 Series 1997-HE-1 Distribution Date Statement
99.9 Series 1997-04 Servicer's Certificate
99.10 Series 1997-04 Distribution Date Statement
99.11 Series 1997-05 Servicer's Certificate
99.12 Series 1997-05 Distribution Date Statement
99.13 Series 1997-06 Servicer's Certificate
99.14 Series 1997-06 Distribution Date Statement
99.15 Series 1997-HE-2 Servicer's Certificate
99.16 Series 1997-HE-2 Distribution Date Statement
99.17 Series 1997-07 Servicer's Certificate
99.18 Series 1997-07 Distribution Date Statement
Exhibit 99.1
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
AUGUST 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 .......................$ 199,704.24
(b) Interest ........................$ 1,908,167.24
(c) Total ...........................$ 2,107,871.48
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal .......................$ 199,704.24
(b) Interest ........................$ 1,852,227.30
(c) Total ...........................$ 2,051,931.54
3. Aggregate Principal Prepayments in part received and applied in prior
month: ................................$ 52,113.00
4. Aggregate Principal Prepayments in full received in prior month:
(a) Principal .......................$ 5,266,871.12
(b) Interest ........................$ 30,848.32
(c) Total ...........................$ 5,297,719.44
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: .....$ 281,359,686.55
10. Available Funds: .....................$ 7,401,763.98
11. Realized Losses for prior month: ......$ 0.00
12. Aggregate Realized Losses:
(a) Deficient Valuations: .............$ 0.00
(b) Special Hazard Losses: ............$ 0.00
(c) Fraud Losses: .....................$ 0.00
(d) Excess Bankruptcy Losses: .........$ 0.00
(e) Excess Special Hazard Losses: .....$ 0.00
(f) Excess Fraud Losses: ..............$ 0.00
(g) Debt Service Reductions: ..........$ 0.00
13. Compensating Interest Payment: ........$ 4,654.60
14. Accrued Certificate Interest, Unpaid Class Interest Shortfalls and
Pay-out Rate:
Class 1-A1.....$ 42,973.65 $ 0.00 7.35000000%
Class 1-A2.....$ 131,975.38 $ 0.00 7.35000000%
Class 1-A3.....$ 366,912.00 $ 0.00 7.35000000%
Class 1-A4.....$ 487,648.00 $ 0.00 7.35000000%
Class 1-A5.....$ 72,276.76 $ 0.00 6.18750021%
Class 1-A6.....$ 14,391.09 $ 0.00 6.18749839%
Class 1-A7 ....$ 39,394.48 $ 0.00 2.81250015%
Class 1-A8.....$ 157,156.25 $ 0.00 7.50000000%
Class 1-A9.....$ 145,000.00 $ 0.00 7.25000000%
<PAGE>
Class 1-A10....$ 1,600.00 $ 0.00 0.08000000%
Class 1-A11....$ 3,400.00 $ 0.00 0.17000000%
Class 1-A12....$ 21,750.00 $ 0.00 7.50000000%
Class 1-A13....$ 0.00 $ 0.00 7.50000000%
Class 1-A14....$ 193,750.00 $ 0.00 7.50000000%
Class 1-A15....$ 15,625.00 $ 0.00 7.50000000%
Class 1-M......$ 28,016.76 $ 0.00 7.50000000%
Class 1-B1.....$ 23,348.34 $ 0.00 7.50000000%
Class 1-B2.....$ 20,541.06 $ 0.00 7.50000000%
Class 1-B3.....$ 8,409.38 $ 0.00 7.50000000%
Class 1-B4.....$ 5,602.11 $ 0.00 7.50000000%
Class 1-B5.....$ 7,473.30 $ 0.00 7.50000000%
Class 1-S......$ 93,884.52 $ 0.00 0.43190000%
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........ $ 1,946.42
16. Principal distributable:
Class 1-A1.......... $ 5,008,667.96
Class 1-A2.......... $ 0.00
Class 1-A3.......... $ 0.00
Class 1-A4.......... $ 0.00
Class 1-A5.......... $ 500,866.80
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.......... $ 701.84
Class 1-M........... $ 3,119.40
Class 1-B1.......... $ 2,599.61
Class 1-B2.......... $ 2,287.05
Class 1-B3.......... $ 936.30
Class 1-B4.......... $ 623.74
Class 1-B5.......... $ 832.08
Class 1-R........... $ 0.00
Class 1-RL.......... $ 0.00
17. Additional distributions to the Class 1-R Certificate pursuant to
Section 4.01(b):.......................$ 0.00
<PAGE>
18. Additional distributions to the Class 1-RL Certificate pursuant to
Section 4.01(b):.......................$ 0.00
19. Certificate Interest Rates of:
Class 1-S Certificates:................ 0.392700%
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:......... 94.780270%
2. Group I Senior Percentage for such Distribution Date:.. 94.780270%
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:.......... 5.219730%
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
AUGUST 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
$1,000:
1. The amount of such distribution allocable to principal:
Class 1-A1....$ 366.05042461 Class 1-A13....$ 0.00000000
Class 1-A2....$ 0.00000000 Class 1-A14....$ 0.00000000
Class 1-A3....$ 0.00000000 Class 1-A15....$ 0.00000000
Class 1-A4....$ 0.00000000 Class 1-PO.....$ 1.13685916
Class 1-A5....$ 34.10969763 Class 1-M......$ 0.69304599
Class 1-A6....$ 0.00000000 Class 1-B1.....$ 0.69304452
Class 1-A7....$ 0.00000000 Class 1-B2.....$ 0.69304545
Class 1-A8....$ 0.00000000 Class 1-B3.....$ 0.69304219
Class 1-A9....$ 0.00000000 Class 1-B4.....$ 0.69304444
Class 1-A10...$ 0.00000000 Class 1-B5.....$ 0.69304513
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....$ 353.47019347 Class 1-A13....$ 0.00000000
Class 1-A2....$ 0.00000000 Class 1-A14....$ 0.00000000
Class 1-A3....$ 0.00000000 Class 1-A15....$ 0.00000000
Class 1-A4....$ 0.00000000 Class 1-PO.....$ 1.09778817
Class 1-A5....$ 32.93743323 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....$ 3.14065994 Class 1-A13....$ 0.00000000
Class 1-A2....$ 6.12500023 Class 1-A14....$ 6.25000000
Class 1-A3....$ 6.12500000 Class 1-A15....$ 6.25000000
Class 1-A4....$ 6.12500000 Class 1-M......$ 6.22456343
Class 1-A5....$ 4.92214383 Class 1-B1.....$ 6.22456412
Class 1-A6....$ 5.15624866 Class 1-B2.....$ 6.22456364
Class 1-A7....$ 2.25433362 Class 1-B3.....$ 6.22455959
Class 1-A8....$ 6.25000000 Class 1-B4.....$ 6.22456667
Class 1-A9....$ 6.04166667 Class 1-B5.....$ 6.22456271
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......$ 0.31287627
4. Accrual Amount:
Class A13A....................$ 0.00
Class A13B....................$ 1,946.42
5. The amount of servicing compensation received by the Company during the
month preceding the month of distribution:.......$ 63,020.95
The amounts below are for the aggregate of all Certificates.
6. The Pool Scheduled Principal Balances of each Mortgage Pool on the
preceding Due Date after giving effect to all distributions allocable to
principal made on such Distribution Date:........$ 281,359,686.55
The aggregate number of Mortgage Loans included in the Scheduled Principal
Balance set forth above:......................... 984
<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...........$ 2,007,437.63 $ 146.71
Class 1-A2...........$ 21,547,000.00 $ 1,000.00
Class 1-A3...........$ 59,904,000.00 $ 1,000.00
Class 1-A4...........$ 79,616,000.00 $ 1,000.00
Class 1-A5...........$ 13,516,443.76 $ 920.49
Class 1-A6...........$ 2,791,000.00 $ 1,000.00
Class 1-A7...........$ 16,307,443.76 $ 933.19
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..........$ 313,373.71 $ 51.39
Class 1-A14..........$ 31,000,000.00 $ 1,000.00
Class 1-A15..........$ 2,500,000.00 $ 1,000.00
Class 1-PO...........$ 607,078.93 $ 983.36
Class 1-M............$ 4,479,561.77 $ 995.24
Class 1-B1...........$ 3,733,134.02 $ 995.24
Class 1-B2...........$ 3,284,282.13 $ 995.24
Class 1-B3...........$ 1,344,565.20 $ 995.24
Class 1-B4...........$ 895,713.30 $ 995.24
Class 1-B5...........$ 1,194,896.10 $ 995.24
Class 1-R............$ 100.00 $ 1,000.00
Class 1-RL...........$ 100.00 $ 1,000.00
Class 1-S............$ 255,364,133.70 $ 933.29
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 $ 2,814,301.66
(2) 60-89 days
Number 1 Principal Balance $ 523,246.79
(3) 90 days or more
Number 3 Principal Balance $ 974,557.82
(b) in foreclosure
Number 2 Principal Balance $ 625,097.78
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: ........................ 0.392700%
1. Senior Percentage for such Distribution Date: .......... 94.78027000%
2. Group I Senior Percentage for such Distribution Date: .. 94.78027000%
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: .......... 5.21973000%
8. Junior Prepayment Percentage for such Distribution Date: 0.00000000%
Exhibit 99.3
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
AUGUST 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 ..............$ 310,950.36 $ 278,766.31
(b) Interest ...............$ 2,901,289.71 $ 547,309.78
(c) Total ..................$ 3,212,239.07 $ 826,076.09
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal ..............$ 310,950.06 $ 278,766.31
(b) Interest ...............$ 2,814,793.86 $ 532,179.92
(c) Total ..................$ 3,125,743.92 $ 810,946.23
3. Aggregate Principal Prepayments in part received and applied in the
applicable Prepayment Period:.$ 117,539.84 $ 383,520.79
4. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal ..............$ 5,334,298.19 $ 819,516.12
(b) Interest ...............$ 33,253.60 $ 4,390.69
(c) Total ..................$ 5,367,551.79 $ 823,906.81
<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:......................$ 433,868,437.41 $ 84,885,658.08
10. Available Funds:..............$ 8,610,835.55 $ 2,018,373.83
11. Realized Losses for Prior
Month:........................$ 0.00 $ 0.00
12. Aggregrate Realized Losses and Debt Service Reductions:
(a) Deficient Valuations ....$ 0.00 $ 0.00
(b) Special Hazard Losses ...$ 0.00 $ 0.00
(c) Fraud Losses ............$ 0.00 $ 0.00
(d) Excess Bankruptcy Losses $ 0.00 $ 0.00
(e) Excess Special Hazard
Losses...................$ 0.00 $ 0.00
(f) Excess Fraud Losses .....$ 0.00 $ 0.00
(g) Debt Service Reductions...$ 0.00 $ 0.00
<PAGE>
Pool 1 Pool 2
------ ------
13. Compensating Interest Payment: $ 3,328.64 $ 3,022.96
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....$ 328,580.15 $ 0.00 7.00000000%
Class 1-A5....$ 151,930.26 $ 0.00 7.50000000%
Class 1-A6....$ 112,978.04 $ 0.00 7.50000000%
Class 1-A7....$ 366,473.12 $ 0.00 7.50000000%
Class 1-A8....$ 35,130.29 $ 0.00 6.93750000%
Class 1-A9....$ 10,444.14 $ 0.00 10.31250000%
Class 1-A10...$ 53,772.15 $ 0.00 7.50000000%
Class 1-A11...$ 150,603.57 $ 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...$ 39,617.19 $ 0.00 7.50000000%
Class 1-A16...$ 261,596.32 $ 0.00 7.50000000%
Class 1-A17...$ 18,685.45 $ 0.00 7.50000000%
Class 1-S.....$ 106,802.36 $ 0.00 0.32830000%
Class 1-M.....$ 56,099.95 $ 0.00 7.50000000%
Class 1-B1....$ 28,046.86 $ 0.00 7.50000000%
Class 1-B2....$ 28,046.86 $ 0.00 7.50000000%
Class 1-B3....$ 14,026.54 $ 0.00 7.50000000%
Class 1-B4....$ 4,210.45 $ 0.00 7.50000000%
Class 1-B5....$ 9,820.30 $ 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....$ 79,712.36 $ 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....$ 141,477.76 $ 0.00 7.00000000%
Class 2-A6....$ 64,349.06 $ 0.00 7.00000000%
Class 2-A7....$ 51,688.50 $ 0.00 7.00000000%
Class 2-S.....$ 33,492.74 $ 0.00 0.49880000%
Class 2-M.....$ 5,170.37 $ 0.00 7.00000000%
Class 2-B1....$ 2,585.18 $ 0.00 7.00000000%
Class 2-B2....$ 2,585.18 $ 0.00 7.00000000%
Class 2-B3....$ 1,551.11 $ 0.00 7.00000000%
Class 2-B4....$ 1,034.07 $ 0.00 7.00000000%
Class 2-B5....$ 1,292.61 $ 0.00 7.00000000%
<PAGE>
15. Principal Distribution Amount:
Class 1-A1....$ 0.00 Class 2-A1....$ 363,349.13
Class 1-A2....$ 0.00 Class 2-A2....$ 0.00
Class 1-A3....$ 0.00 Class 2-A3....$ 0.00
Class 1-A4....$ 849,351.47 Class 2-A4....$ 0.00
Class 1-A5....$ 234,253.31 Class 2-A5....$ 187,783.84
Class 1-A6....$ 181,000.46 Class 2-A6....$ 893,782.10
Class 1-A7....$ 415,253.77 Class 2-A7....$ 28,598.27
Class 1-A8....$ 1,061,202.32 Class 2-PO....$ 423.07
Class 1-A9....$ 212,240.46 Class 2-M.....$ 2,860.66
Class 1-A10...$ 699,986.09 Class 2-B1....$ 1,430.33
Class 1-A11...$ 492,853.95 Class 2-B2....$ 1,430.33
Class 1-A12...$ 0.00 Class 2-B3....$ 858.20
Class 1-A13...$ 0.00 Class 2-B4....$ 572.13
Class 1-A14...$ 0.00 Class 2-B5....$ 715.17
Class 1-A15...$ 1,909,501.97
Class 1-A16...$ 29,595.97
Class 1-A17...$ 2,114.00
Class 1-PO....$ 1,298.75
Class 1-M.....$ 6,346.89
Class 1-B1....$ 3,173.09
Class 1-B2....$ 3,173.09
Class 1-B3....$ 1,586.90
Class 1-B4....$ 476.35
Class 1-B5....$ 1,111.02
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..................................... 0.32830000%
Class 2-S..................................... 0.49880000%
B. Other Amounts for such Distribution Date:
Pool 1 Pool 2
------ ------
1. Senior Percentage:............ 94.88370000% 97.17370000%
2. Group I Senior Percentage:.... 84.65906648% 86.89923900%
3. Group II Senior Percentage:... 10.22463352% 10.27446100%
<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:............ 5.11630000% 2.82630000%
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
AUGUST 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:
(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....$ 23.83555038
Class 1-A2....$ 0.00000000 Class 2-A2....$ 0.00000000
Class 1-A3....$ 0.00000000 Class 2-A3....$ 0.00000000
Class 1-A4....$ 14.32899000 Class 2-A4....$ 0.00000000
Class 1-A5....$ 9.30275884 Class 2-A5....$ 7.57223436
Class 1-A6....$ 9.65314009 Class 2-A6....$ 71.42375617
Class 1-A7....$ 4.32477259 Class 2-A7....$ 3.17758556
Class 1-A8....$ 141.49364267 Class 2-PO....$ 3.31089912
Class 1-A9....$ 141.49364000 Class 2-M.....$ 3.17757549
Class 1-A10...$ 73.35498082 Class 2-B1....$ 3.17757902
Class 1-A11...$ 19.71415800 Class 2-B2....$ 3.17757902
Class 1-A12...$ 0.00000000 Class 2-B3....$ 3.17758878
Class 1-A13...$ 0.00000000 Class 2-B4....$ 3.17756438
Class 1-A14...$ 0.00000000 Class 2-B5....$ 3.17756905
Class 1-A15...$ 214.55078315
Class 1-A16...$ 0.70466595
Class 1-A17...$ 0.70466667
Class 1-PO....$ 0.57670959
Class 1-M.....$ 0.70466193
Class 1-B1....$ 0.70466134
Class 1-B2....$ 0.70466134
Class 1-B3....$ 0.70466252
Class 1-B4....$ 0.70465976
Class 1-B5....$ 0.70466003
Class 1-R.....$ 0.00000000
Class 1-RL....$ 0.00000000
<PAGE>
Principal Prepayments included in the above principal distribution
(including amounts deposited pursuant to Section 3.17, Scheduled Principal
Balances of Defaulted Mortgage Loans, Designated Loans and Defective
Mortgage Loans which are being distributed on this Distribution Date):
Class 1-A1....$ 0.00000000 Class 2-A1....$ 19.45473820
Class 1-A2....$ 0.00000000 Class 2-A2....$ 0.00000000
Class 1-A3....$ 0.00000000 Class 2-A3....$ 0.00000000
Class 1-A4....$ 13.59325037 Class 2-A4....$ 0.00000000
Class 1-A5....$ 8.82509724 Class 2-A5....$ 6.18050914
Class 1-A6....$ 9.15748773 Class 2-A6....$ 58.29655516
Class 1-A7....$ 4.10271182 Class 2-A7....$ 2.59356693
Class 1-A8....$ 134.22847742 Class 2-PO....$ 2.70237836
Class 1-A9....$ 134.22847489 Class 2-B1....$ 0.00000000
Class 1-A10...$ 69.58847904 Class 2-B2....$ 0.00000000
Class 1-A11...$ 18.70191029 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...$ 203.53440910
Class 1-A16...$ 0.66848401
Class 1-A17...$ 0.66848469
Class 1-PO....$ 0.54709773
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....$ 5.54331375 7.00000000%
Class 1-A5....$ 6.03351376 7.50000000%
Class 1-A6....$ 6.02535953 7.50000000%
Class 1-A7....$ 3.81673333 7.50000000%
Class 1-A8....$ 4.68403867 6.93750000%
Class 1-A9....$ 6.96276000 10.31250000%
Class 1-A10...$ 5.63504774 7.50000000%
Class 1-A11...$ 6.02414280 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...$ 4.45136966 7.50000000%
Class 1-A16...$ 6.22848381 7.50000000%
Class 1-A17...$ 6.22848333 7.50000000%
Class 1-S.....$ 0.23715229 0.32830000%
Class 1-M.....$ 6.22848340 7.50000000%
Class 1-B1....$ 6.22848323 7.50000000%
Class 1-B2....$ 6.22848323 7.50000000%
Class 1-B3....$ 6.22848135 7.50000000%
Class 1-B4....$ 6.22847633 7.50000000%
Class 1-B5....$ 6.22848630 7.50000000%
Class 1-R.....$ 0.00000000 7.50000000%
Class 1-RL....$ 0.00000000 7.50000000%
Class 2-A1....$ 5.22909735 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....$ 5.70497843 7.00000000%
Class 2-A6....$ 5.14225063 7.00000000%
Class 2-A7....$ 5.74316667 7.00000000%
Class 2-S.....$ 0.37150462 0.49880000%
Class 2-M.....$ 5.74316451 7.00000000%
Class 2-B1....$ 5.74315978 7.00000000%
Class 2-B2....$ 5.74315978 7.00000000%
Class 2-B3....$ 5.74317144 7.00000000%
Class 2-B4....$ 5.74314230 7.00000000%
Class 2-B5....$ 5.74319047 7.00000000%
iii) The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
Pool 1 Pool 2
------ ------
$ 93,436.07 $ 19,195.88
(b) The amounts below are for the aggregate of all certificates.
iv) The Pool Scheduled Principal
Balances: $ 433,868,437.41 $ 84,885,658.08
Number of Mortgage Loans: 1,484 278
v) The Class Certificate Principal Balance of each Class and the
Certificate Principal Balance of a Single Certificate of each Class
after giving effect to all distributions allocable to principal made
on such Distribution Date and the allocation of Realized Losses
(separately identified), if any, as of such Distribution Date:
Aggregate Principal Single Certificate
Balance Balance
------- -------
Class 1-A1........ $ 51,348,218.00 $ 1,000.00
Class 1-A2........ $ 65,627,405.00 $ 1,000.00
Class 1-A3........ $ 5,215,005.00 $ 1,000.00
Class 1-A4........ $ 55,478,674.59 $ 935.95
Class 1-A5........ $ 24,074,587.74 $ 956.06
Class 1-A6........ $ 17,895,486.70 $ 954.40
Class 1-A7........ $ 96,074,889.13 $ 1,000.60
<PAGE>
Class 1-A8......... $ 5,015,387.54 $ 668.72
Class 1-A9......... $ 1,003,077.51 $ 668.72
Class 1-A10........ $ 7,903,557.72 $ 828.25
Class 1-A11........ $ 23,603,717.91 $ 944.15
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........ $ 4,429,248.01 $ 497.67
Class 1-A16........ $ 41,825,815.14 $ 995.85
Class 1-A17........ $ 2,987,558.23 $ 995.85
Class 1-PO......... $ 1,030,542.98 $ 983.76
Class 1-S.......... $ 384,689,468.21 $ 2,309.07
Class 1-M.......... $ 8,969,645.60 $ 995.85
Class 1-B1......... $ 4,484,324.88 $ 995.85
Class 1-B2......... $ 4,484,324.88 $ 995.85
Class 1-B3......... $ 2,242,660.36 $ 995.85
Class 1-B4......... $ 673,196.44 $ 995.85
Class 1-B5......... $ 1,570,137.05 $ 995.85
Class 1-R.......... $ 0.00 $ 0.00
Class 1-RL......... $ 0.00 $ 0.00
Class 2-A1......... $ 13,301,627.07 $ 872.58
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......... $ 24,065,547.21 $ 970.42
Class 2-A6......... $ 10,137,485.59 $ 810.10
Class 2-A7......... $ 8,832,287.87 $ 981.37
Class 2-S.......... $ 79,113,447.58 $ 938.87
Class 2-PO......... $ 125,115.27 $ 979.14
Class 2-M.......... $ 883,488.91 $ 981.37
Class 2-B1......... $ 441,743.97 $ 981.37
Class 2-B2......... $ 441,743.97 $ 981.37
Class 2-B3......... $ 265,046.19 $ 981.37
Class 2-B4......... $ 176,697.78 $ 981.37
Class 2-B5......... $ 220,874.25 $ 981.37
vi) The following pertains to any real estate acquired on behalf of
Certificateholders:
Pool 1 Pool 2
Book Value.......................$ 0.00 $ 0.00
Unpaid Principal Balance.........$ 0.00 $ 0.00
The aggregate number of Mortgage Loans included in the Principal
Balance set forth above:.........$ 0.00 $ 0.00
<PAGE>
vii) Aggregate number and aggregate Principal Balances of delinquent
Mortgage Loans, as of the opening of business on the related
Determination Date:
Loans Principal Balance
----- -----------------
Pool 1........................
*(1) 30-59 days 7 $ 1,995,364.78
(2) 60-89 days 0 $ 0.00
(3) 90 days or more 5 $ 1,655,158.30
(4) in foreclosure 2 $ 546,650.00
Pool 2........................
*(1) 30-59 days 3 $ 806,564.02
(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:....... 0.328300%
Class 2-S Certificates:....... 0.498800%
Pool 1 Pool 2
------ ------
xi) Senior Percentage ............ 94.88370000% 97.17370000%
xii) Group I Senior Percentage .... 84.65906648% 86.89923900%
xiii) Group II Senior Percentage .. 10.22463352% 10.27446100%
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 ........... 5.11630000% 2.82630000%
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: $ 259,195.80 7.50000000%
Class 1-A7B Certificates: $ 341,731.77 7.50000000%
Class 1-A7C Certificates: $ 83,807.31 7.50000000%
Class 1-A7D Certificates: $ 23,470.01 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: $ 146,217.76 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
AUGUST 1997
REMIC Multi-Class Pass-Through Certificates
Series 1997-3
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1997
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate Scheduled Monthly Payments:
(a) Principal ....................... $ 312,100.10
(b) Interest ........................ $ 2,907,280.05
(c) Total ........................... $ 3,219,380.15
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal ....................... $ 312,100.10
(b) Interest ........................ $ 2,820,017.73
(c) Total ........................... $ 3,132,117.83
3. Aggregate Principal Prepayments in part received and applied in prior
month:................................. $ 123,252.00
4. Aggregate Principal Prepayments in full received in prior month:
(a) Principal ....................... $ 4,610,537.33
(b) Interest ........................ $ 29,313.73
(c) Total ........................... $ 4,639,851.06
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:...... $ 432,795,220.34
10. Available Funds:....................... $ 7,895,220.89
11. Realized Losses for prior month:....... $ 0.00
12. Aggregate Realized Losses:
(a) Deficient Valuations: ............. $ 0.00
(b) Special Hazard Losses: ............ $ 0.00
(c) Fraud Losses: ..................... $ 0.00
(d) Excess Bankruptcy Losses: ......... $ 0.00
(e) Excess Special Hazard Losses: ..... $ 0.00
(f) Excess Fraud Losses: .............. $ 0.00
(g) Debt Service Reductions: .......... $ 0.00
13. Compensating Interest Payment: ........ $ 2,084.57
14. Accrued Certificate Interest, Unpaid Class Interest Shortfalls and
Pay-out Rate:
Class 3-A1....$ 192,967.51 $ 0.00 7.50000019%
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....$ 265,644.28 $ 0.00 7.50000008%
Class 3-A6....$ 265,644.27 $ 0.00 7.49999997%
Class 3-A7 ...$ 369,962.59 $ 0.00 7.49999995%
Class 3-A8....$ 43,750.00 $ 0.00 7.50000000%
Class 3-A9....$ 213,750.00 $ 0.00 7.50000000%
<PAGE>
Class 3-A10...$ 269,375.00 $ 0.00 7.50000000%
Class 3-A11...$ 184,375.00 $ 0.00 7.50000000%
Class 3-A12...$ 135,625.00 $ 0.00 7.50000000%
Class 3-A13...$ 0.00 $ 0.00 0.00000000%
Class 3-A14...$ 29,063.86 $ 0.00 7.49999985%
Class 3-A15...$ 19,897.33 $ 0.00 7.49999953%
Class 3-M.....$ 34,740.22 $ 0.00 7.49999927%
Class 3-B1....$ 27,790.93 $ 0.00 7.49999941%
Class 3-B2....$ 27,790.93 $ 0.00 7.49999941%
Class 3-B3....$ 13,898.53 $ 0.00 7.49997174%
Class 3-B4....$ 4,169.53 $ 0.00 7.49991962%
Class 3-B5....$ 9,731.36 $ 0.00 7.49998627%
Class 3-S.....$ 117,587.14 $ 0.00 0.35120000%
Class 3-R.....$ 0.00 $ 0.00 0.00000000%
15. Accrual Amount:
Class 3-A13.......... $ 50,495.52
16. Principal distributable:
Class 3-A1..... $ 3,644,490.02
Class 3-A2..... $ 0.00
Class 3-A3..... $ 0.00
Class 3-A4..... $ 0.00
Class 3-A5..... $ 30,290.92
Class 3-A6..... $ 30,290.91
Class 3-A7..... $ 1,326,594.17
Class 3-A8..... $ 0.00
Class 3-A9..... $ 0.00
Class 3-A10.... $ 0.00
Class 3-A11.... $ 0.00
Class 3-A12.... $ 0.00
Class 3-A13.... $ 0.00
Class 3-A14.... $ 50,495.52
Class 3-A15.... $ 0.00
Class 3-PO..... $ 754.23
Class 3-M...... $ 3,961.36
Class 3-B1..... $ 3,168.95
Class 3-B2..... $ 3,168.95
Class 3-B3..... $ 1,584.83
Class 3-B4..... $ 475.45
Class 3-B5..... $ 1,109.64
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:..... 0.322300%
19. Other Amounts:
A. Senior Percentage for such Distribution Date: ..... 95.675964%
B. Group I Senior Percentage for such Distribution
Date: ............................................. 76.227272%
C. Group II Senior Percentage for such Distribution
Date:.............................................. 19.448692%
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:..... 4.324036%
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
AUGUST 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
$1,000:
1. The amount of such distribution allocable to principal:
Class 3-A1....$ 99.58814526 Class 3-A13...$ 0.00000000
Class 3-A2....$ 0.00000000 Class 3-A14...$ 10.41343993
Class 3-A3....$ 0.00000000 Class 3-A15...$ 0.00000000
Class 3-A4....$ 0.00000000 Class 3-PO....$ 0.98594138
Class 3-A5....$ 0.71068580 Class 3-M.....$ 0.71068532
Class 3-A6....$ 0.71068559 Class 3-B1....$ 0.71068625
Class 3-A7....$ 21.64935149 Class 3-B2....$ 0.71068625
Class 3-A8....$ 0.00000000 Class 3-B3....$ 0.71068610
Class 3-A9....$ 0.00000000 Class 3-B4....$ 0.71068759
Class 3-A10...$ 0.00000000 Class 3-B5....$ 0.71067887
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....$ 93.67844417 Class 3-A13...$ 0.00000000
Class 3-A2....$ 0.00000000 Class 3-A14...$ 9.79549171
Class 3-A3....$ 0.00000000 Class 3-A15...$ 0.00000000
Class 3-A4....$ 0.00000000 Class 3-PO....$ 0.92743423
Class 3-A5....$ 0.66851270 Class 3-M.....$ 0.00000000
Class 3-A6....$ 0.66851250 Class 3-B1....$ 0.00000000
Class 3-A7....$ 20.36464842 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....$ 5.27296722 Class 3-A13...$ 0.00000000
Class 3-A2....$ 6.25000000 Class 3-A14...$ 5.99369529
Class 3-A3....$ 6.25000000 Class 3-A15...$ 6.24999961
Class 3-A4....$ 6.25000000 Class 3-M.....$ 6.23254754
Class 3-A5....$ 6.23254820 Class 3-B1....$ 6.23254766
Class 3-A6....$ 6.23254811 Class 3-B2....$ 6.23254766
Class 3-A7....$ 6.03760391 Class 3-B3....$ 6.23252466
Class 3-A8....$ 6.25000000 Class 3-B4....$ 6.23248132
Class 3-A9....$ 6.25000000 Class 3-B5....$ 6.23253665
Class 3-A10...$ 6.25000000 Class 3-R.....$ 0.00000000
Class 3-A11...$ 6.25000000 Class 3-S.....$ 0.26368475
Class 3-A12...$ 6.25000000
4. Accrual Amount:
Class A13............... $ 50,495.52
5. The amount of servicing compensation received by the Company during the
month preceding the month of distribution:........$ 91,205.13
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:.........$ 432,795,220.34
The aggregate number of Mortgage Loans included in the Scheduled Principal
Balance set forth above:.......................... 1,523
<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............$ 27,230,310.81 $ 744.09
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............$ 42,472,793.44 $ 996.50
Class 3-A6............$ 42,472,792.48 $ 996.50
Class 3-A7............$ 57,867,420.61 $ 944.37
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...........$ 8,129,778.83 $ 1,031.64
Class 3-A14...........$ 4,599,722.17 $ 948.58
Class 3-A15...........$ 3,183,573.00 $ 1,000.00
Class 3-PO............$ 761,246.56 $ 995.11
Class 3-M.............$ 5,554,474.38 $ 996.50
Class 3-B1............$ 4,443,380.20 $ 996.50
Class 3-B2............$ 4,443,380.20 $ 996.50
Class 3-B3............$ 2,222,188.35 $ 996.50
Class 3-B4............$ 666,656.50 $ 996.50
Class 3-B5............$ 1,555,910.81 $ 996.50
Class 3-R.............$ 0.00 $ 0.00
Class 3-S.............$ 396,768,265.70 $ 968.35
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 $ 3,224,051.94
(2) 60-89 days
Number 7 Principal Balance $ 2,488,856.13
(3) 90 days or more
Number 0 Principal Balance $ 0.00
(b) in foreclosure
Number 0 Principal Balance $ 0.00
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:................................... 0.322300%
12. Senior Percentage for such Distribution Date: .... 95.67596400%
13. Group I Senior Percentage for such Distribution Date: 76.22727200%
14. Group II Senior Percentage for such Distribution Date: 19.44869200%
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: .... 4.32403600%
19. Junior Prepayment Percentage for such Distribution Date: 0.00000000%
Exhibit 99.7
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
AUGUST 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: $ 1,827,181.67
(2) Aggregate Monthly Payments received and Monthly Advances made this
Month:
(a) Principal $ 276,535.67
(b) Interest $ 1,517,151.25
(c) Total $ 1,793,686.92
(3) Aggregate Principal Prepayments in part received on Self- Amortizing
Mortgage Loans and applied in the applicable Prepayment Period:
(a) Principal $ 75,743.56
(c) Total $ 75,743.56
(4) Aggregate Principal Prepayments in full received in the applicable
Prepayment period:
(a) Principal $ 2,752,289.28
(b) Interest $ 32,595.42
(c) Total $ 2,784,884.70
<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: $ 191,490,023.19
(11) Available Funds: $ 4,567,902.24
(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: $ 3,167.84
(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 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 9.170%
Class B4 36157T5N7 9.170%
Class B5 36157T5P2 9.170%
Class S 36196HE4S 2.100%
<PAGE>
(20) Accrued Certificate Interest and Pay-out Rate:
Class A1 36157T4B4 $ 380,360.84 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 $ 334,706.88 2.100%
Class M 36157T4J7 $ 33,701.55 7.500%
Class B1 36157T4K4 $ 24,512.47 7.500%
Class B2 36157T4L2 $ 15,323.39 7.500%
Class B3 36157T5M9 $ 9,742.92 9.170%
Class B4 36157T5N7 $ 2,992.58 9.170%
Class B5 36157T5P2 $ 13,493.56 9.170%
-----------------
Total $ 1,463,333.73
=================
(21) Principal distributable:
Class A1 36157T4B4 $ 3,082,620.27
Class A2 36157T4C2 $ 0.00
Class A3 36157T4D0 $ 0.00
Class A4 36157T4E8 $ 0.00
Class A5 36157T4F5 $ 0.00
Class M 36157T4J7 $ 7,787.08
Class B1 36157T4K4 $ 5,663.85
Class B2 36157T4L2 $ 3,540.62
Class B3 36157T5M9 $ 1,841.18
Class B4 36157T5N7 $ 565.53
Class B5 36157T5P2 $ 2,549.97
Class R1 36157T4G3 $ 0.00
Class R2 36157T4H1 $ 0.00
-----------------
Total $ 3,104,568.51
=================
(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: 92.063144%
(2) Senior Prepayment Percentage for such Distribution Date: 100.000000%
<PAGE>
(3) Junior Percentage for such Distribution Date: 7.936856%
(4) Junior Prepayment Percentage for such Distribution Date: 0.00000%
(5) Subordinate Certfificate Writedown Amount for such
Distribution Date: 0.00000%
(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
AUGUST 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 $ 41.31368052
Class A2 36157T4C2 $ 0.00000000
Class A3 36157T4D0 $ 0.00000000
Class A4 36157T4E8 $ 0.00000000
Class A5 36157T4F5 $ 0.00000000
Class M 36157T4J7 $ 1.43171246
Class B1 36157T4K4 $ 1.43171246
Class B2 36157T4L2 $ 1.43171246
Class B3 36157T5M9 $ 1.43171246
Class B4 36157T5N7 $ 1.43171246
Class B5 36157T5P2 $ 1.43171246
Class R1 36157T4G3 $ 0.00000000
Class R2 36157T4H1 $ 0.00000000
(2) Aggregate Principal prepayments included in distribution:
Class A1 36157T4B4 $ 2,828,032.84
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 $ 5.09764581 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 $ 1.74790765 2.100%
Class M 36157T4J7 $ 6.19627687 7.500%
Class B1 36157T4K4 $ 6.19627687 7.500%
Class B2 36157T4L2 $ 6.19627687 7.500%
Class B3 36157T5M9 $ 7.57614064 9.170%
Class B4 36157T5N7 $ 7.57614064 9.170%
Class B5 36157T5P2 $ 7.57614064 9.170%
(4) Servicing Compensation: $ 90,863.68
The amounts below are for the aggregate of all Certificates:
(5) Pool Principal Balance; $ 191,490,023.19
number of Mortgage Loans: 3,057
(6) Class Certificate Principal Balance of each Class; Certificate
Principal Balance of Single Certificate of each class:
<PAGE>
Single
Certificate
Class Cusip# Class Balance Balance
----- ------ ------------- -------
Class A1 36157T4B4 $ 65,348,115.97 $ 875.80400678
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 $ 5,384,460.90 $ 989.97258679
Class B1 36157T4K4 $ 3,916,331.55 $ 989.97258679
Class B2 36157T4L2 $ 2,448,202.21 $ 989.97258679
Class B3 36157T5M9 $ 1,273,104.75 $ 989.97258679
Class B4 36157T5N7 $ 391,039.17 $ 989.97258679
Class B5 36157T5P2 $ 1,763,200.58 $ 989.97258679
Class R1 36157T4G3 $ 0.00 $ 0.00000000
Class R2 36157T4H1 $ 0.00 $ 0.00000000
(7) Book value of real estate acquired on behalf of
Certificateholders; $ 0.00
number of related Mortgage Loans: 0
(8) Aggregate Scheduled Principal Balance and number of delinquent
Mortgage Loans:
One Payment Delinquent $ 2,821,727.81
49
Two Payments Delinquent $ 752,334.14
15
Three or more Payments Delinquent $ 305,926.00
8
TOTAL $ 3,879,987.95
72
In foreclosure $ 140,533.00
2
(9) Aggregate Scheduled Principal Balance and number of replaced Mortgage
Loans: 0.00
<PAGE>
(10) Unpaid Net Simple Interest Shortfall:
Class A1 36157T4B4 $ 0.00
Class A2 36157T4C2 $ 0.00
Class A3 36157T4D0 $ 0.00
Class A4 36157T4E8 $ 0.00
Class A5 36157T4F5 $ 0.00
Class S 36197HE1S $ 0.00
Class M 36157T4J7 $ 0.00
Class B1 36157T4K4 $ 0.00
Class B2 36157T4L2 $ 0.00
Class B3 36157T5M9 $ 0.00
Class B4 36157T5N7 $ 0.00
Class B5 36157T5P2 $ 0.00
(11) Class Certificate Interest Rate of:
Class A4 36157T4E8 7.290%
Class M 36157T4J7 7.500%
Class B1 36157T4K4 7.500%
Class B2 36157T4L2 7.500%
Class B3 36157T5M9 9.170%
Class B4 36157T5N7 9.170%
Class B5 36157T5P2 9.170%
Class S 36197HE1S 2.100%
(12) Senior Percentage for such Distribution Date: 92.063144%
(13) Senior Prepayment Percentage for such Distribution
Date: 100.000000%
(14) Junior Percentage for such Distribution Date: 7.936856%
(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
AUGUST 1997
REMIC Multi-Class Pass-Through Certificates
Series 1997-4
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1997
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate Scheduled Monthly Payments:
(a) Principal ..........................$ 243,100.98
(b) Interest ...........................$ 2,304,476.02
(c) Total ..............................$ 2,547,577.00
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal ..........................$ 243,100.98
(b) Interest ...........................$ 2,236,328.88
(c) Total ..............................$ 2,479,429.86
3. Aggregate Principal Prepayments in part received and applied in prior
month:....................................$ 103,203.75
4. Aggregate Principal Prepayments in full received in prior month:
(a) Principal ..........................$ 2,328,901.71
(b) Interest ...........................$ 13,035.83
(c) Total ..............................$ 2,341,937.54
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: ........$ 344,407,363.85
10. Available Funds: ........................$ 4,924,571.15
11. Realized Losses for prior month: .........$ 0.00
12. Aggregate Realized Losses:
(a) Deficient Valuations: ................$ 0.00
(b) Special Hazard Losses: ...............$ 0.00
(c) Fraud Losses: ........................$ 0.00
(d) Excess Bankruptcy Losses: ............$ 0.00
(e) Excess Special Hazard Losses: ........$ 0.00
(f) Excess Fraud Losses: .................$ 0.00
(g) Debt Service Reductions: .............$ 0.00
13. Non-Credit Losses: .......................$ 0.00
14. Compensating Interest Payment: ...........$ 3,191.62
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...$ 211,690.00 $ 0.00 7.49999992%
Class 4-A3...$ 140,912.50 $ 0.00 7.50000000%
Class 4-A4...$ 180,954.33 $ 0.00 7.50000003%
Class 4-A5...$ 284,725.00 $ 0.00 7.50000000%
Class 4-A6...$ 42,908.29 $ 0.00 7.50000079%
<PAGE>
Class 4-A7 ..$ 0.90 $ 0.00 0.00000000%
Class 4-A8 ..$ 342,549.31 $ 0.00 7.50000010%
Class 4-A9 ..$ 122,587.50 $ 0.00 7.50000000%
Class 4-A10 .$ 215,693.75 $ 0.00 7.50000000%
Class 4-A11 .$ 128,825.00 $ 0.00 7.50000000%
Class 4-A12 .$ 203,450.00 $ 0.00 7.50000000%
Class 4-M....$ 27,343.57 $ 0.00 7.50000050%
Class 4-B1...$ 21,873.61 $ 0.00 7.50000099%
Class 4-B2...$ 21,873.58 $ 0.00 7.49999070%
Class 4-B3...$ 10,939.89 $ 0.00 7.49997798%
Class 4-B4...$ 3,280.72 $ 0.00 7.49997900%
Class 4-B5...$ 7,653.74 $ 0.00 7.49998910%
Class 4-S....$ 83,799.71 $ 0.00 0.31660000%
Class 4-R....$ 0.00 $ 0.00 0.00000000%
16. Principal distributable:
Class 4-A1....$ 0.00
Class 4-A2....$ 2,006,028.46
Class 4-A3....$ 0.00
Class 4-A4....$ 658,245.82
Class 4-A5....$ 0.00
Class 4-A6....$ 63,679.21
Class 4-A7....$ 0.00
Class 4-A8....$ 0.00
Class 4-A9....$ 0.00
Class 4-A10...$ 0.00
Class 4-A11...$ 0.00
Class 4-A12...$ 0.00
Class 4-PO....$ 515.77
Class 4-M.....$ 3,063.74
Class 4-B1....$ 2,450.85
Class 4-B2....$ 2,450.85
Class 4-B3....$ 1,225.78
Class 4-B4....$ 367.59
Class 4-B5....$ 857.58
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:...................... 0.289700%
19. Accrual Amount A7 Certificates:...............$ 63,679.21
<PAGE>
B. Other Amounts:
1. Senior Percentage for such Distribution Date: ........... 95.707117%
2. Group I Senior Percentage for such Distribution Date: ... 79.235120%
3. Group II Senior Percentage for such Distribution Date: .. 16.471997%
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: ........... 4.292883%
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
AUGUST 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....$ 56.07660694 Class 4-PO....$ 0.86866380
Class 4-A3....$ 0.00000000 Class 4-M.....$ 0.69884580
Class 4-A4....$ 22.25532745 Class 4-B1....$ 0.69884517
Class 4-A5....$ 0.00000000 Class 4-B2....$ 0.69884517
Class 4-A6....$ 9.02739013 Class 4-B3....$ 0.69884835
Class 4-A7....$ 0.00000000 Class 4-B4....$ 0.69884030
Class 4-A8....$ 0.00000000 Class 4-B5....$ 0.69885196
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....$ 51.18010016 Class 4-M.....$ 0.00000000
Class 4-A3....$ 0.00000000 Class 4-PO....$ 0.79281367
Class 4-A4....$ 20.31203295 Class 4-B1....$ 0.00000000
Class 4-A5....$ 0.00000000 Class 4-B2....$ 0.00000000
Class 4-A6....$ 8.23913493 Class 4-B3....$ 0.00000000
Class 4-A7....$ 0.00000000 Class 4-B4....$ 0.00000000
Class 4-A8....$ 0.00000000 Class 4-B5....$ 0.00000000
Class 4-A9....$ 0.00000000 Class 4-R.....$ 0.00000000
Class 4-A10...$ 0.00000000
Class 4-A11...$ 0.00000000
iii) The amount of such distribution to the Certificateholders of each
class, allocable to Interest:
Class 4-A1....$ 6.25000000 Class 4-A12...$ 6.25000000
Class 4-A2....$ 5.91759148 Class 4-M.....$ 6.23712819
Class 4-A3....$ 6.25000000 Class 4-PO....$ 0.00000000
Class 4-A4....$ 6.11807587 Class 4-B1....$ 6.23712860
Class 4-A5....$ 6.25000000 Class 4-B2....$ 6.23712005
Class 4-A6....$ 6.08283102 Class 4-B3....$ 6.23710946
Class 4-A7....$ 0.00000000 Class 4-B4....$ 6.23711027
Class 4-A8....$ 6.13151431 Class 4-B5....$ 6.23712210
Class 4-A9....$ 6.25000000 Class 4-R.....$ 0.00000000
Class 4-A10...$ 6.25000000 Class 4-S.....$ 0.23894918
Class 4-A11...$ 6.25000000
iv) The amount of servicing compensation received by the Company during
the month preceding the month of distribution:$ 71,889.61
(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:..$ 344,407,363.85
The aggregate number of Mortgage Loans included in the Scheduled
Principal Balance set forth above:............ 1,230
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.............$ 31,864,371.88 $ 890.74
Class 4-A3.............$ 22,546,000.00 $ 1,000.00
Class 4-A4.............$ 28,294,446.85 $ 956.64
Class 4-A5.............$ 45,556,000.00 $ 1,000.00
Class 4-A6.............$ 6,801,646.47 $ 964.23
Class 4-A7.............$ 10,252,353.53 $ 1,025.24
Class 4-A8.............$ 54,807,888.84 $ 981.04
Class 4-A9.............$ 19,614,000.00 $ 1,000.00
Class 4-A10............$ 34,511,000.00 $ 1,000.00
Class 4-A11............$ 20,612,000.00 $ 1,000.00
Class 4-A12............$ 32,552,000.00 $ 1,000.00
Class 4-PO.............$ 591,643.09 $ 996.45
Class 4-M..............$ 4,371,907.17 $ 997.24
Class 4-B1.............$ 3,497,326.29 $ 997.24
Class 4-B2.............$ 3,497,326.29 $ 997.24
Class 4-B3.............$ 1,749,161.76 $ 997.24
Class 4-B4.............$ 524,549.08 $ 997.24
Class 4-B5.............$ 1,223,742.60 $ 997.24
Class 4-R..............$ 0.00 $ 0.00
Class 4-S..............$ 314,972,921.81 $ 980.73
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 15 *Principal Balance $ 3,238,497.19
(2) 60-89 days
Number 4 Principal Balance $ 834,206.18
(3) 90 days or more
Number 0 Principal Balance $ 0.00
(b) in foreclosure
Number 0 Principal Balance $ 0.00
<PAGE>
ix) The Scheduled Principal Balance of any Mortgage Loan replaced pursuant
to Section 2.03(b), and of any Modified Mortgage Loan purchased
pursuant to Section 3.01(c):.............. $ 0.00
x) The Certificate Interest Rates, applicable to the Interest Accrual
Period relating to such Distribution Date:
Class 4-S: ........................... 0.289700%
1. Senior Percentage for such Distribution Date: ..... 95.70711700%
2. Group I Senior Percentage for such Distribution
Date:.............................................. 79.23512000%
3. Group II Senior Percentage for such Distribution
Date:.............................................. 16.47199700%
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: ..... 4.29288300%
8. Junior Prepayment Percentage for such Distribution
Date: ............................................. 0.00000000%
Exhibit 99.11
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
AUGUST 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 ............................$ 327,526.25
(b) Interest .............................$ 3,229,297.45
(c) Total ................................$ 3,556,823.70
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal ............................$ 327,526.25
(b) Interest .............................$ 3,133,164.68
(c) Total ................................$ 3,460,690.93
3. Aggregate Principal Prepayments in part received and applied in prior
month:......................................$ 105,466.68
4. Aggregate Principal Prepayments in full received in prior month:
(a) Principal ............................$ 7,340,065.97
(b) Interest .............................$ 46,210.51
(c) Total ................................$ 7,386,276.48
<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:...........$ 478,750,775.13
10. Available Funds: ..........................$ 10,952,434.09
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: .............$ 3,868.57
<PAGE>
15. Accrued Certificate Interest, Unpaid Class Interest Shortfalls and
Pay-out Rate:
Class 5-A1....$ 192,914.22 $ 0.00 7.50000019%
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....$ 61,997.04 $ 0.00 7.50000007%
Class 5-A6....$ 1,296,159.78 $ 0.00 7.50000003%
Class 5-A7 ...$ 48,098.70 $ 0.00 7.49999948%
Class 5-PO1 ..$ 0.00 $ 0.00 0.00000000%
Class 5-PO2 ..$ 0.00 $ 0.00 0.00000000%
Class 5-M.....$ 45,853.40 $ 0.00 7.50000064%
Class 5-B1....$ 30,568.93 $ 0.00 7.49999983%
Class 5-B2....$ 22,926.70 $ 0.00 7.49999961%
Class 5-B3....$ 15,284.47 $ 0.00 7.50000227%
Class 5-B4....$ 4,585.34 $ 0.00 7.50000164%
Class 5-B5....$ 10,699.14 $ 0.00 7.50000285%
Class 5-S1....$ 50,710.91 $ 0.00 0.46120000%
Class 5-S2....$ 91,853.35 $ 0.00 0.33980000%
Class 5-R.....$ 0.00 $ 0.00 0.00000000%
16. Principal distributable:
Class 5-A1....$ 807,062.08
Class 5-A2....$ 0.00
Class 5-A3....$ 0.00
Class 5-A4....$ 0.00
Class 5-A5....$ 6,676.22
Class 5-A6....$ 0.00
Class 5-A7....$ 6,936,150.30
Class 5-PO1...$ 8,619.09
Class 5-PO2...$ 560.84
Class 5-M.....$ 4,937.78
Class 5-B1....$ 3,291.85
Class 5-B2....$ 2,468.89
Class 5-B3....$ 1,645.93
Class 5-B4....$ 493.78
Class 5-B5....$ 1,152.14
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:..... 0.461200%
Class 5-S2 Certificates:..... 0.339800%
<PAGE>
19. Accrual Amount A7 Certificates.............$ 0.00
B. Other Amounts:
1. Senior Percentage for such Distribution Date: .......... 95.721895%
2. Category A-Senior Percentage for such Distribution Date: 10.050799%
3. Category B-Senior Percentage for such Distribution Date: 85.671096%
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: .. 52.274746%
7. Category A-Group I Senior Percentage for such
Distribution Date: ..................................... 8.009281%
8. Category B-Group I Senior Percentage for such
Distribution Date: ..................................... 44.265465%
9. Group II Senior Percentage for such Distribution Date: . 43.447149%
10. Category A-Group II Senior Percentage for such
Distribution Date: .................................... 2.041518%
11. Category B-Group II Senior Percentage for such
Distribution Date: .................................... 41.405631%
12. Category B-Group I Scheduled Distribution Percentage:.. 85.671096%
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: ......... 4.278105%
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
AUGUST 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
$1,000:
i) The amount of such distribution allocable to principal:
Class 5-A1....$ 25.87604615 Class 5-M.....$ 0.67213684
Class 5-A2....$ 0.00000000 Class 5-B1....$ 0.67213616
Class 5-A3....$ 0.00000000 Class 5-B2....$ 0.67213674
Class 5-A4....$ 0.00000000 Class 5-B3....$ 0.67213820
Class 5-A5....$ 0.67213600 Class 5-B4....$ 0.67213965
Class 5-A6....$ 0.00000000 Class 5-B5....$ 0.67213114
Class 5-A7....$ 660.58574286 Class 5-R.....$ 0.00000000
Class 5-PO1...$ 63.55331665
Class 5-PO2...$ 1.12249273
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....$ 24.83042206 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....$ 0.64497568 Class 5-B4....$ 0.00000000
Class 5-A6....$ 0.00000000 Class 5-B5....$ 0.00000000
Class 5-A7....$ 633.89216058 Class 5-R.....$ 0.00000000
Class 5-PO1...$ 60.98519328
Class 5-PO2...$ 1.07713397
<PAGE>
iii) The amount of such distribution to the Certificateholders of each
class, allocable to Interest:
Class 5-A1....$ 6.18522092 Class 5-B1....$ 6.24162191
Class 5-A2....$ 6.25000000 Class 5-B2....$ 6.24162174
Class 5-A3....$ 6.25000000 Class 5-B3....$ 6.24162395
Class 5-A4....$ 6.25000000 Class 5-B4....$ 6.24162344
Class 5-A5....$ 6.24162211 Class 5-B5....$ 6.24162443
Class 5-A6....$ 6.24802290 Class 5-R.....$ 0.00000000
Class 5-A7....$ 4.58082857 Class 5-S1....$ 0.50920059
Class 5-M.....$ 6.24162259 Class 5-S2....$ 0.92232185
iv) The amount of servicing compensation received by the Company during
the month preceding the month of distribution:$ 104,561.89
(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:..$ 478,750,775.13
The aggregate number of Mortgage Loans included in the Scheduled
Principal Balance set forth above:............ 1,775
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.............$ 30,059,212.35 $ 963.76
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.............$ 9,912,850.09 $ 997.99
Class 5-A6.............$ 207,385,564.00 $ 999.68
Class 5-A7.............$ 759,642.23 $ 72.35
Class 5-PO1............$ 126,790.11 $ 934.89
Class 5-PO2............$ 498,119.80 $ 996.96
Class 5-M..............$ 7,331,605.59 $ 997.99
Class 5-B1.............$ 4,887,737.06 $ 997.99
Class 5-B2.............$ 3,665,803.30 $ 997.99
Class 5-B3.............$ 2,443,868.53 $ 997.99
Class 5-B4.............$ 733,160.46 $ 997.99
<PAGE>
Class 5-B5.............$ 1,710,709.61 $ 997.99
Class 5-R..............$ 0.00 $ 0.00
Class 5-S1.............$ 129,916,176.97 $ 974.23
Class 5-S2.............$ 318,917,848.81 $ 977.81
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 25 Principal Balance $ 7,645,771.25
(2) 60-89 days
Number 4 Principal Balance $ 1,352,302.63
(3) 90 days or more
Number 0 Principal Balance $ 0.00
(b) in foreclosure
Number 0 Principal Balance $ 0.00
ix) The Scheduled Principal Balance of any Mortgage Loan replaced pursuant
to Section 2.03(b), and of any Modified Mortgage Loan purchased
pursuant to Section 3.01(c):....................$ 0.00
x) The Certificate Interest Rates, applicable to the Interest Accrual
Period relating to such Distribution Date:
Class 5-S1: ........................ 0.461200%
Class 5-S2: ........................ 0.339800%
1. Senior Percentage for such Distribution Date: ...... 95.72189500%
2. Category A-Senior Percentage for such Distribution
Date: .............................................. 10.05079900%
3. Category B-Senior Percentage for such Distribution
Date: .............................................. 85.67109600%
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: .............................................. 52.27474600%
7. Category A-Group I Senior Percentage for such
Distribution Date: ................................ 8.00928100%
8. Category B-Group I Senior Percentage for such
Distribution Date: ................................. 44.26546500%
9. Group II Senior Percentage for such Distribution
Date: .............................................. 43.44714900%
10. Category A-Group II Senior Percentage for such
Distribution Date: ................................ 2.04151800%
11. Category B-Group II Senior Percentage for such
Distribution Date: ................................ 41.40563100%
12. Category B-Group I Scheduled Distribution
Percentage:........................................ 85.67109600%
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: ..... 4.27810500%
<PAGE>
24. Junior Prepayment Percentage for such Distribution
Date: ............................................. 0.00000000%
25. Subordinate Certificate Writedown Amount for such
Distribution Date: ................................ 0.00000000%
Exhibit 99.13
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
AUGUST 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 .....................$ 266,023.37
(b) Interest ......................$ 2,658,356.00
(c) Total .........................$ 2,924,379.37
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal .....................$ 266,023.37
(b) Interest ......................$ 2,579,590.93
(c) Total .........................$ 2,845,614.30
3. Aggregate Principal Prepayments in part received and applied in prior
month: ..............................$ 146,141.90
4. Aggregate Principal Prepayments in full received in prior month:
(a) Principal .....................$ 6,023,419.63
(b) Interest ......................$ 37,607.11
(c) Total .........................$ 6,061,026.74
<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 .....................$ 53,662.26
(b) Interest ......................$ 357.37
(c) Total .........................$ 54,019.63
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: ...$ 392,321,261.60
10. Available Funds: ...................$ 9,106,802.57
11. Realized Losses for prior month: ....$ 0.00
12. Aggregate Realized Losses and Debt Service Reductions:
(a) Deficient Valuations: ...........$ 0.00
(b) Special Hazard Losses: ..........$ 0.00
(c) Fraud Losses: ...................$ 0.00
(d) Excess Bankruptcy Losses: .......$ 0.00
(e) Excess Special Hazard Losses: ...$ 0.00
(f) Excess Fraud Losses: ............$ 0.00
(g) Debt Service Reductions: ........$ 0.00
13. Compensating Interest Payment: ......$ 4,217.78
<PAGE>
14. Accrued Certificate Interest, Unpaid Class Interest Shortfalls and
Pay-out Rate:
Class 6-A1.....$ 343,647.44 $ 0.00 7.49999993%
Class 6-A2.....$ 169,700.00 $ 0.00 7.50000000%
Class 6-A3.....$ 50,093.75 $ 0.00 7.50000000%
Class 6-A4.....$ 356,011.50 $ 0.00 7.50000000%
Class 6-A5.....$ 37,506.91 $ 0.00 7.50000075%
Class 6-A6.....$ 253,255.57 $ 0.00 7.49999997%
Class 6-A7 ....$ 12,043.75 $ 0.00 7.50000000%
Class 6-A8 ....$ 123,748.35 $ 0.00 7.50000010%
Class 6-A9 ....$ 23,006.03 $ 0.00 7.49999959%
Class 6-A10 ...$ 66,236.03 $ 0.00 7.49999986%
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 ...$ 376.02 $ 0.00 7.50008726%
Class 6-A13 ...$ 89,406.25 $ 0.00 7.50000000%
Class 6-A14 ...$ 0.00 $ 0.00 0.00000000%
Class 6-A15 ...$ 55,017.96 $ 0.00 7.49999966%
Class 6-A16 ...$ 148,313.26 $ 0.00 7.15000018%
Class 6-A17 ...$ 495,849.37 $ 0.00 7.24999996%
Class 6-A18 ...$ 146,149.90 $ 0.00 9.00000022%
Class 6-PO ....$ 0.00 $ 0.00 0.00000000%
Class 6-M......$ 37,552.31 $ 0.00 7.49999968%
Class 6-B1.....$ 25,034.87 $ 0.00 7.49999929%
Class 6-B2.....$ 18,776.15 $ 0.00 7.49999893%
Class 6-B3.....$ 12,517.43 $ 0.00 7.49999817%
Class 6-B4.....$ 3,755.22 $ 0.00 7.49998390%
Class 6-B5.....$ 8,762.22 $ 0.00 7.49998582%
Class 6-S......$ 127,601.94 $ 0.00 0.40340000%
Class 6-R......$ 0.00 $ 0.00 0.00000000%
15. Accrual Amount:
Class A11A Component $ 1,199.73
Class A11B Component $ 11,150.72
Class A14 Component $ 842.73
16. Principal distributable:
Class 6-A1......$ 1,396,580.78 Class 6-A14..$ 0.00
Class 6-A2......$ 0.00 Class 6-A15..$ 0.00
Class 6-A3......$ 0.00 Class 6-A16..$ 632,248.98
Class 6-A4......$ 37,987.24 Class 6-A17..$ 2,084,615.53
Class 6-A5......$ 0.00 Class 6-A18..$ 494,960.12
Class 6-A6......$ 137,692.80 Class 6-PO...$ 435.54
Class 6-A7......$ 0.00 Class 6-M....$ 4,006.92
Class 6-A8......$ 13,204.23 Class 6-B1...$ 2,671.28
<PAGE>
Class 6-A9......$ 0.00 Class 6-B2...$ 2,003.46
Class 6-A10.....$ 300,104.03 Class 6-B3...$ 1,335.64
Class 6-A11.....$ 1,392,415.42 Class 6-B4...$ 400.69
Component-A11A..$ 193,155.85 Class 6-B5...$ 934.95
Component-A11B..$ 1,199,259.57 Class 6-R....$ 0.00
Class 6-A12.....$ 842.73
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:........................ 0.403400%
B. Other Amounts:
1. Senior Percentage for such Distribution Date: ........... 95.726899%
2. Category A-Senior Percentage for such Distribution Date: 68.666553%
3. Category B-Senior Percentage for such Distribution Date: 19.788452%
4. Category C-Senior Percentage for such Distribution Date: 7.271894%
5. Category A-Percentage for such Distribution Date: ....... 71.731722%
6. Category B-Percentage for such Distribution Date: ....... 20.671778%
7. Category C-Percentage for such Distribution Date: ....... 7.596500%
8. Group I Senior Percentage for such Distribution Date: ... 72.819449%
9. Category A-Group I Senior Percentage for such
Distribution Date: ...................................... 54.368635%
10. Category B-Group I Senior Percentage for such
Distribution Date: ...................................... 14.818546%
11. Category C-Group I Senior Percentage for such
Distribution Date: ...................................... 3.632268%
12. Category C-Group I Scheduled Distribution Percentage for such
Distribution Date: ...................................... 7.271894%
13. Group II Senior Percentage for such Distribution Date: .. 22.907450%
<PAGE>
14. Category A-Group II Senior Percentage for such
Distribution Date: ...................................... 14.297918%
15. Category B-Group II Senior Percentage for such
Distribution Date: ...................................... 4.969906%
16. Category C-Group II Senior Percentage for such
Distribution Date: ...................................... 3.639626%
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: ........... 4.273101%
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
AUGUST 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
$1,000:
i) The amount of such distribution allocable to principal:
Class 6-A1.....$ 25.20555880 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.....$ 0.66644281 Class 6-A16....$ 25.20555889
Class 6-A5.....$ 0.00000000 Class 6-A17....$ 25.20555877
Class 6-A6.....$ 3.38927605 Class 6-A18....$ 25.20555873
Class 6-A7.....$ 0.00000000 Class 6-PO.....$ 1.04111409
Class 6-A8.....$ 0.66644274 Class 6-M......$ 0.66644324
Class 6-A9.....$ 0.00000000 Class 6-B1.....$ 0.66644329
Class 6-A10....$ 28.20006858 Class 6-B2.....$ 0.66644335
Class 6-A11....$ 585.04849580 Class 6-B3.....$ 0.66644346
Component A11A.$ 643.85000000 Class 6-B4.....$ 0.66644047
Component A11B.$ 576.57000000 Class 6-B5.....$ 0.66644235
Class 6-A12....$ 13.81524590 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.....$ 24.21463329 Class 6-A14....$ 0.00000000
Class 6-A2.....$ 0.00000000 Class 6-A15....$ 0.00000000
Class 6-A3.....$ 0.00000000 Class 6-A16....$ 24.21463338
Class 6-A4.....$ 0.64024243 Class 6-A17....$ 24.21463326
<PAGE>
Class 6-A5.....$ 0.00000000 Class 6-A18....$ 24.21463322
Class 6-A6.....$ 3.25603084 Class 6-PO.....$ 1.00018397
Class 6-A7.....$ 0.00000000 Class 6-M......$ 0.00000000
Class 6-A8.....$ 0.64024236 Class 6-B1.....$ 0.00000000
Class 6-A9.....$ 0.00000000 Class 6-B2.....$ 0.00000000
Class 6-A10....$ 27.09141761 Class 6-B3.....$ 0.00000000
Class 6-A11....$ 562.04803458 Class 6-B4.....$ 0.00000000
Component A11A.$ 618.53783004 Class 6-B5.....$ 0.00000000
Component A11B.$ 553.90286040 Class 6-R......$ 0.00000000
Class 6-A12....$ 13.27211652
Class 6-A13....$ 0.00000000
iii) The amount of such distribution to the Certificateholders of each
class, allocable to Interest:
Class 6-A1.....$ 6.20216595 Class 6-A15....$ 6.24999972
Class 6-A2.....$ 6.25000000 Class 6-A16....$ 5.91273174
Class 6-A3.....$ 6.25000000 Class 6-A17....$ 5.99542710
Class 6-A4.....$ 6.24581579 Class 6-A18....$ 7.44259939
Class 6-A5.....$ 6.25000062 Class 6-M......$ 6.24581552
Class 6-A6.....$ 6.23382659 Class 6-B1.....$ 6.24581521
Class 6-A7.....$ 6.25000000 Class 6-B2.....$ 6.24581490
Class 6-A8.....$ 6.24581588 Class 6-B3.....$ 6.24581427
Class 6-A9.....$ 6.24999966 Class 6-B4.....$ 6.24580242
Class 6-A10....$ 6.22404367 Class 6-B5.....$ 6.24580400
Class 6-A11....$ 0.00000000 Class 6-R......$ 0.00000000
Component A11A.$ 0.00000000 Class 6-S......$ 0.63669430
Component A11B.$ 0.00000000
Class 6-A12....$ 6.16426230
Class 6-A13....$ 6.25000000
Class 6-A14....$ 0.00000000
iv) Accrual Amount:
Class A11A Component $ 1,199.73
Class A11B Component $ 11,150.72
Class A14 Component $ 842.73
v) The amount of servicing compensation received by the Company during
the month preceding the month of distribution:.......$ 89,308.55
(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:.........$ 392,321,261.60
<PAGE>
The aggregate number of Mortgage Loans included in the Scheduled
Principal Balance set forth above:................... 1,321
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.................$ 53,587,010.11 $ 967.14
Class 6-A2.................$ 27,152,000.00 $ 1,000.00
Class 6-A3.................$ 8,015,000.00 $ 1,000.00
Class 6-A4.................$ 56,923,852.79 $ 998.66
Class 6-A5.................$ 6,001,105.00 $ 1,000.00
Class 6-A6.................$ 40,383,198.55 $ 994.02
Class 6-A7.................$ 1,927,000.00 $ 1,000.00
Class 6-A8.................$ 19,786,531.50 $ 998.66
Class 6-A9.................$ 3,680,965.00 $ 1,000.00
Class 6-A10................$ 10,297,660.97 $ 967.65
Class 6-A11................$ 596,006.26 $ 250.42
Component A11A.............$ 0.00 $ 0.00
Component A11B.............$ 596,006.26 $ 286.54
Class 6-A12................$ 59,319.77 $ 972.46
Class 6-A13................$ 14,305,000.00 $ 1,000.00
Class 6-A14................$ 135,680.23 $ 1,012.54
Class 6-A15................$ 8,802,874.00 $ 1,000.00
Class 6-A16................$ 24,259,486.34 $ 967.14
Class 6-A17................$ 79,987,004.84 $ 967.14
Class 6-A18................$ 18,991,692.73 $ 967.14
Class 6-PO.................$ 417,508.95 $ 998.01
Class 6-M..................$ 6,004,362.94 $ 998.66
Class 6-B1.................$ 4,002,908.30 $ 998.66
Class 6-B2.................$ 3,002,180.97 $ 998.66
Class 6-B3.................$ 2,001,453.65 $ 998.66
Class 6-B4.................$ 600,435.80 $ 998.66
Class 6-B5.................$ 1,401,022.90 $ 998.66
Class 6-R..................$ 0.00 $ 0.00
Class 6-S..................$ 373,112,460.69 $ 977.82
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 40 Principal Balance $ 13,438,340.49
(2) 60-89 days
Number 2 Principal Balance $ 510,000.00
(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 6-S: ........................ 0.403400%
xiii) Senior Percentage for such Distribution Date: ........ 95.72689900%
xiv) Category A-Senior Percentage for such Distribution
Date:................................................. 68.66655300%
xv) Category B-Senior Percentage for such Distribution
Date:................................................. 19.78845200%
xvi) Category C-Senior Percentage for such Distribution
Date:................................................. 7.27189400%
xvii) Category A-Percentage for such Distribution
Date: ................................................ 71.73172200%
xviii)Category B-Percentage for such Distribution Date: .... 20.67177800%
xix) Category C-Percentage for such Distribution Date: .... 7.59650000%
xx) Group I Senior Percentage for such Distribution Date:. 72.81944900%
xxi) Category A-Group I Senior Percentage for such
Distribution Date: ................................... 54.36863500%
<PAGE>
xxii) Category B-Group I Senior Percentage for such
Distribution Date: ................................... 14.81854600%
xxiii)Category C-Group I Senior Percentage for such
Distribution Date: ................................... 3.63226800%
xxiv) Category C-Group I Scheduled Distribution Percentage
for such Distribution Date: .......................... 7.27189400%
xxv) Group II Senior Percentage for such Distribution
Date: ................................................ 22.90745000%
xxvi) Category A-Group II Senior Percentage for such
Distribution Date: ................................... 14.29791800%
xxvii)Category B-Group II Senior Percentage for such
Distribution Date: ................................... 4.96990600%
xxviii)Category C-Group II Senior Percentage for such
Distribution Date: ................................... 3.63962600%
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: ....... 4.27310100%
xxxxiii)Junior Prepayment Percentage for such Distribution
Date: ................................................ 0.00000000%
Exhibit 99.15
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
AUGUST 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: $ 2,302,442.60
(2) Aggregate Monthly Payments received and Monthly Advances made this
Month:
(a) Principal $ 315,710.66
(b) Interest $ 1,971,454.03
(c) Total $ 2,287,164.69
(3) Aggregate Principal Prepayments in part received on Self- Amortizing
Mortgage Loans and applied in the applicable Prepayment Period:
(a) Principal $ 53,148.36
(c) Total $ 53,148.36
(4) Aggregate Principal Prepayments in full received in the applicable
Prepayment period:
(a) Principal $ 1,003,839.58
(b) Interest $ 9,301.71
(c) Total $ 1,013,141.29
<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: $ 243,587,494.62
(11) Available Funds: $ 3,252,163.07
<PAGE>
(12) Realized Losses for prior month: $ 0.00
(13) Aggregate Realized Losses: $ 0.00
(a) Deficient Valuations $ 0.00
(b) Special Hazard Losses $ 0.00
(c) Fraud Losses $ 0.00
(d) Excess Bankruptcy Losses $ 0.00
(e) Excess Special Hazard Losses $ 0.00
(f) Excess Fraud Losses $ 0.00
(14) Compensating Interest Payment: $ 1,628.74
(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 9.259%
Class B4 36157RAM7 9.259%
Class B5 36157RAN5 9.259%
Class S 36197HE2S 2.210%
(20) Accrued Certificate Interest and Pay-out Rate:
Class A1 36157RAA3 $ 370,602.34 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 $ 448,386.48 2.210%
Class M 36157RAH8 $ 37,666.65 7.410%
Class B1 36157RAJ4 $ 38,556.21 7.585%
Class B2 36157RAK1 $ 12,087.99 7.925%
Class B3 36157RAL9 $ 18,827.59 9.259%
Class B4 36157RAM7 $ 14,122.62 9.259%
Class B5 36157RAN5 $ 14,129.87 9.259%
Total $ 1,879,464.47
(21) Principal distributable:
Class A1 36157RAA3 $ 1,346,605.92
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 $ 7,905.95
Class B1 36157RAJ4 $ 7,905.95
Class B2 36157RAK1 $ 2,372.30
Class B3 36157RAL9 $ 3,162.64
Class B4 36157RAM7 $ 2,372.30
Class B5 36157RAN5 $ 2,373.52
Class R1 36157RAP0 $ 0.00
Class R2 36157RAQ8 $ 0.00
Total $ 1,372,698.60
<PAGE>
(22) Additional distributions to the Class R1 Certificate pursuant to
Section 2.05 (d) : $ 0.00
(23) Additional distributions to the Class R2 Certificate pursuant to
Section 4.01 (b): $ 0.00
B. Other Amounts:
(1) Senior Percentage for such Distribution Date: 91.735256%
(2) Senior Prepayment Percentage for such Distribution Date: 100.000000%
(3) Junior Percentage for such Distribution Date: 8.264744%
(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 99.16
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
AUGUST 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 $ 20.15877131
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 $ 1.29351339
Class B1 36157RAJ4 $ 1.29351339
Class B2 36157RAK1 $ 1.29351339
Class B3 36157RAL9 $ 1.29351339
Class B4 36157RAM7 $ 1.29351339
Class B5 36157RAN5 $ 1.29351339
Class R1 36157RAP0 $ 0.00000000
Class R2 36157RAQ8 $ 0.00000000
(2) Aggregate Principal prepayments included in distribution:
Class A1 36157RAA3 $ 1,056,987.94
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
<PAGE>
(3) Amount of distribution allocable to interest Pay-out Rate:
Class A1 36157RAA3 $ 5.54793925 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 $ 1.84076149 2.210%
Class M 36157RAH8 $ 6.16273700 7.410%
Class B1 36157RAJ4 $ 6.30828072 7.585%
Class B2 36157RAK1 $ 6.59105138 7.925%
Class B3 36157RAL9 $ 7.70044468 9.259%
Class B4 36157RAM7 $ 7.70044468 9.259%
Class B5 36157RAN5 $ 7.70044468 9.259%
(4) Servicing Compensation: $ 104,686.55
The amounts below are for the aggregate of all Certificates:
(5) Pool Principal Balance: $ 243,587,494.62
number of Mortgage Loans: 3,440
<PAGE>
(6) Class Certificate Principal Balance of each Class; Certificate
Principal Balance of Single Certificate of each class:
Single
Certificate
Class Cusip# Class Balance Balance
----- ------ ------------- -------
Class A1 36157RAA3 $ 64,636,006.93 $ 967.60489412
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 $ 6,091,956.16 $ 996.72057607
Class B1 36157RAJ4 $ 6,091,956.16 $ 996.72057607
Class B2 36157RAK1 $ 1,827,985.54 $ 996.72057607
Class B3 36157RAL9 $ 2,436,981.81 $ 996.72057607
Class B4 36157RAM7 $ 1,827,985.54 $ 996.72057607
Class B5 36157RAN5 $ 1,828,923.89 $ 996.72057607
Class R1 36157RAP0 $ 0.00 $ 0.00000000
Class R2 36157RAQ8 $ 0.00 $ 0.00000000
(7) Book value of real estate acquired on behalf of
Certificateholders: $ 0.00
number of related Mortgage Loans: 0
(8) Aggregate Scheduled Principal Balance and number of delinquent
Mortgage Loans:
One Payment Delinquent $ 1,810,632.16
29
Two Payments Delinquent $ 382,323.66
5
Three or more Payments Delinquent $ 105,349.29
1
TOTAL $ 2,298,305.11
35
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 9.259%
Class B4 36157RAM7 9.259%
Class B5 36157RAN5 9.259%
Class S 36197HE2S 2.210%
(12) Senior Percentage for such Distribution Date: 91.735256
(13) Senior Prepayment Percentage for such Distribution Date: 100.000000
<PAGE>
(14) Junior Percentage for such Distribution Date: 8.264744
(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
AUGUST 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 ...........................$ 229,458.54
(b) Interest ............................$ 2,342,928.17
(c) Total ...............................$ 2,572,386.71
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal ...........................$ 229,458.54
(b) Interest ............................$ 2,292,037.92
(c) Total ...............................$ 2,521,496.46
3. Aggregate Principal Prepayments in part received and applied in prior
month: ....................................$ 69,970.38
4. Aggregate Principal Prepayments in full received in prior month:
(a) Principal ...........................$ 5,102,872.13
(b) Interest ............................$ 6,993.83
(c) Total ...............................$ 5,109,865.96
<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 ...........................$ 1,112,350.57
(b) Interest ............................$ 7,853.79
(c) Total ...............................$ 1,120,204.36
9. Pool Scheduled Principal Balance: ........$ 343,731,952.34
10. Available Funds: .........................$ 8,821,537.16
11. Realized Losses for prior month: ..........$ 0.00
12. Aggregate Realized Losses:
(a) Deficient Valuations: .................$ 0.00
(b) Special Hazard Losses: ................$ 0.00
(c) Fraud Losses: .........................$ 0.00
(d) Excess Bankruptcy Losses: .............$ 0.00
(e) Excess Special Hazard Losses: .........$ 0.00
(f) Excess Fraud Losses: ..................$ 0.00
(g) Debt Service Reductions: ..............$ 0.00
13. Non-Credit Losses: ........................$ 0.00
14. Compensating Interest Payment: ............$ 4,916.85
<PAGE>
15. Accrued Certificate Interest, Unpaid Class Interest Shortfalls and
Pay-out Rate:
Class 7-A1.....$ 236,571.43 $ 0.00 9.00000010%
Class 7-A2.....$ 34,045.20 $ 0.00 7.20000000%
Class 7-A3.....$ 893,564.67 $ 0.00 7.14999998%
Class 7-A4.....$ 99,569.45 $ 0.00 7.12499982%
Class 7-A5.....$ 235,691.66 $ 0.00 8.00000000%
Class 7-A6.....$ 71,426.62 $ 0.00 7.12499972%
Class 7-A7.....$ 26,125.00 $ 0.00 7.50000000%
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......$ 32,835.62 $ 0.00 7.50000029%
Class 7-B1.....$ 21,890.41 $ 0.00 7.49999914%
Class 7-B2.....$ 16,417.81 $ 0.00 7.50000171%
Class 7-B3.....$ 10,945.21 $ 0.00 7.50000257%
Class 7-B4.....$ 3,283.56 $ 0.00 7.50000857%
Class 7-B5.....$ 7,661.66 $ 0.00 7.50000214%
Class 7-S......$ 119,606.59 $ 0.00 0.42600000%
Class 7-R......$ 0.60 $ 0.00 7.20000000%
16. Accrual Amount:
Class 7-A9.................... $ 42,500.00
17. Principal distributable:
Class 7-A1.....$ 929,224.11 Class 7-A11...$ 0.00
Class 7-A2.....$ 167,156.81 Class 7-A12...$ 0.00
Class 7-A3.....$ 4,417,851.31 Class 7-PO....$ 332.84
Class 7-A4.....$ 334,313.65 Class 7-M.....$ 3,441.18
Class 7-A5.....$ 655,922.90 Class 7-B1....$ 2,294.12
Class 7-A6.....$ 0.00 Class 7-B2....$ 1,720.59
Class 7-A7.....$ 42,500.00 Class 7-B3....$ 1,147.06
Class 7-A8.....$ 0.00 Class 7-B4....$ 344.12
Class 7-A9.....$ 0.00 Class 7-B5....$ 802.93
Class 7-A10....$ 0.00 Class 7-R.....$ 100.00
18. Additional distributions to the Class 7-R Certificate
pursuant to Section 4.01(b): ...................$ 0.05
pursuant to Section 2.05(d): ...................$ 0.00
<PAGE>
19. Certificate Interest Rate of:
Class 7-S Certificates:.......... 0.426000%
B. Other Amounts:
1. Senior Percentage for such Distribution Date: .......... 95.746600%
2. Senior Prepayment Percentage for such Distribution Date: 100.000000%
3. Junior Percentage for such Distribution Date: .......... 4.253400%
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
AUGUST 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 $1,000:
i) The amount of such distribution allocable to principal:
Class 7-A1....$ 29.45909782 Class 7-A11...$ 0.00000000
Class 7-A2....$ 29.45909732 Class 7-A12...$ 0.00000000
Class 7-A3....$ 29.45845057 Class 7-PO....$ 1.18036024
Class 7-A4....$ 19.93570565 Class 7-M.....$ 0.65500136
Class 7-A5....$ 18.55313562 Class 7-B1....$ 0.65500136
Class 7-A6....$ 0.00000000 Class 7-B2....$ 0.65500149
Class 7-A7....$ 10.16746411 Class 7-B3....$ 0.65500136
Class 7-A8....$ 0.00000000 Class 7-B4....$ 0.65500629
Class 7-A9....$ 0.00000000 Class 7-B5....$ 0.65499042
Class 7-A10...$ 0.00000000 Class 7-R.....$ 1,000.00000000
ii) Principal Prepayments included in the above principal distribution
(including the Scheduled Principal Balances of all Defaulted Mortgage
Loans and Defective Mortgage Loans purchased pursuant to Section 2.02,
2.03(b) or 3.16, respectively, and any amounts deposited pursuant to
Section 2.03(b) in connection with the substitution of any Mortgage
Loans pursuant to Section 2.02 or 2.03(a), the proceeds of which are
being distributed on such Distribution Date):
Class 7-A1....$ 28.46409193 Class 7-A8....$ 0.00000000
Class 7-A2....$ 28.46409144 Class 7-A9....$ 0.00000000
Class 7-A3....$ 28.46346654 Class 7-10....$ 0.00000000
Class 7-A4....$ 19.26236037 Class 7-11....$ 0.00000000
Class 7-A5....$ 17.92648781 Class 7-12....$ 0.00000000
Class 7-A6....$ 0.00000000 Class 7-PO....$ 1.14049258
Class 7-A7....$ 9.82404943 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.....$ 966.22415597
iii) The amount of such distribution to the Certificateholders of each
class, allocable to Interest; Pay-out Rate:
Class 7-A1....$ 7.50000008 Class 7-M.....$ 6.25000024
Class 7-A2....$ 6.00000000 Class 7-B1....$ 6.24999929
Class 7-A3....$ 5.95833332 Class 7-B2....$ 6.25000143
Class 7-A4....$ 5.93749985 Class 7-B3....$ 6.25000214
Class 7-A5....$ 6.66666667 Class 7-B4....$ 6.25000714
Class 7-A6....$ 5.93749977 Class 7-B5....$ 6.25000178
Class 7-A7....$ 6.25000000 Class 7-R.....$ 6.00000000
Class 7-A8....$ 6.25000000 Class 7-S.....$ 0.35500000
Class 7-A9....$ 0.00000000
Class 7-A10...$ 6.66666700
Class 7-A11...$ 6.25000000
Class 7-A12...$ 6.04166650
iv) Accrual Amount:
Class 7-A9........... $ 42,500.00
v) The amount of servicing compensation received by the Company during
the month preceding the month of distribution:....$ 0.09071241
(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:......$ 343,731,952.34
The aggregate number of Mortgage Loans included in the Scheduled
Principal Balance set forth above:................ 1,210
vii) The Class Certificate Principal Balance of each Class and the
Certificate Principal Balance of a Single Certificate of each Class
after giving effect to (i) all distributions allocable to principal
made on such Distribution Date and (ii) the allocation of any Realized
Losses and any Subordinate Writedown Certificate Amount for such
Distribution Date:
Class Certificate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 7-A1........$ 30,613,632.89 $ 970.54
Class 7-A2........$ 5,507,043.19 $ 970.54
Class 7-A3........$ 145,551,044.69 $ 970.54
Class 7-A4........$ 16,435,278.35 $ 980.06
Class 7-A5........$ 34,697,826.10 $ 981.45
<PAGE>
Class 7-A6........$ 12,029,747.00 $ 1,000.00
Class 7-A7........$ 4,137,500.00 $ 989.83
Class 7-A8........$ 2,760,000.00 $ 1,000.00
Class 7-A9........$ 6,842,500.00 $ 1,006.25
Class 7-A10.......$ 10,000,000.00 $ 1,000.00
Class 7-A11.......$ 40,000,000.00 $ 1,000.00
Class 7-A12.......$ 20,000,000.00 $ 1,000.00
Class 7-PO....... $ 281,648.87 $ 999.34
Class 7-M.........$ 5,250,257.82 $ 999.34
Class 7-B1........$ 3,500,171.88 $ 999.34
Class 7-B2........$ 2,625,128.41 $ 999.34
Class 7-B3........$ 1,750,085.94 $ 999.35
Class 7-B4........$ 525,024.88 $ 980.72
Class 7-B5........$ 1,225,062.32 $ 0.00
Class 7-S.........$ 330,423,430.51 $ 0.00
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 13 Principal Balance $ 3,491,380.27
(2) 60-89 days
Number 0 Principal Balance $ 0.00
(3) 90 days or more
Number 0 Principal Balance $ 0.00
(b) in foreclosure
Number 0 Principal Balance $ 0.00
x) The Scheduled Principal Balance of any Mortgage Loan replaced pursuant
to Section 2.03(b), and of any Modified Mortgage Loan purchased
pursuant to Section 3.01(c):......................$ 0.00
<PAGE>
xi) The Senior Percentage for such Distribution Date:....... 95.746600%
The Junior Percentage for such Distribution Date:....... 4.253400%
xii) The Senior Prepayment Percentage for such Distribution
Date: .................................................. 100.000000%
The Junior Prepayment Percentage for such Distribution
Date: .................................................. 0.000000%
