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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 26, 1998
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 26, 1998 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 1998-01 $7,208,538.15
--------------
Series 1998-02 $11,721,999.22
---------------
Series 1998-03 $5,792,021.87
--------------
Series 1998-04 $14,486,127.63
---------------
Series 1998-HE1 $3,468,960.42
--------------
Series 1998-HE2 $3,046,712.72
---------------
Series 1998-05 $11,931,057.30
---------------
Series 1998-6A $3,462,980.04
--------------
Series 1998-6B $10,624,944.05
---------------
Series 1998-07 $4,001,501.98
-------------
Series 1998-08A $10,259,861.11
--------------
Series 1998-08B $5,323,620.89
-------------
Series 1998-09 $10,490,997.35
--------------
Series 1998-10A $7,239,265.38
-------------
Series 1998-10B $1,883,709.30
-------------
Series 1998-11A $5,998,337.68
-------------
Series 1998-11B $4,130,287.12
-------------
Series 1998-11C $1,713,018.39
-------------
Series 1998-12A $4,902,227.60
-------------
Series 1998-12-B $6,315,294.66
-------------
Series 1998-12C $3,002,185.49
-------------
Series 1998-12D $2,989,758.21
-------------
Item 7. Financial Statements and Exhibits
- ------- ---------------------------------
Attached as Exhibits to Item 7 are the "Servicer's Certificate" and the
"Monthly Statement" or "Distribution Date Statement" filed as part of this
Report.
Series Exhibit No. Description
------ ----------- -----------
Series 1998-01 99.1 Servicer's Certificate
99.2 Monthly Statement
Series 1998-02 99.3 Servicer's Certificate
99.4 Monthly Statement
Series 1998-03 99.5 Servicer's Certificate
99.6 Monthly Statement
Series 1998-04 99.7 Servicer's Certificate
99.8 Monthly Statement
Series 1998-HE1 99.9 Servicer's Certificate
99.10 Distribution Date Statement
Series 1998-05 99.11 Servicer's Certificate
99.12 Monthly Statement
Series 1998-6A 99.13 Servicer's Certificate
99.14 Monthly Statement
Series 1998-6B 99.15 Servicer's Certificate
99.16 Monthly Statement
Series 1998-07 99.17 Servicer's Certificate
99.18 Monthly Statement
Series 1998-08A 99.19 Servicer's Certificate
99.20 Monthly Statement
Series 1998-08B 99.21 Servicer's Certificate
99.22 Monthly Statement
Series 1998-09 99.23 Servicer's Certificate
99.24 Monthly Statement
Series 1998-10A 99.25 Servicer's Certificate
99.26 Monthly Statement
Series 1998-10B 99.27 Servicer's Certificate
99.28 Monthly Statement
Series 1998-11A 99.29 Servicer's Certificate
99.30 Monthly Statement
Series 1998-11B 99.31 Servicer's Certificate
99.32 Monthly Statement
Series 1998-11C 99.33 Servicer's Certificate
99.34 Monthly Statement
Series 1998-HE2 99.35 Servicer's Certificate
99.36 Monthly Statement
Series 1998-12A 99.37 Servicer's Certificate
99.38 Monthly Statement
Series 1998-12B 99.39 Servicer's Certificate
99.40 Monthly Statement
Series 1998-12C 99.41 Servicer's Certificate
99.42 Monthly Statement
Series 1998-12D 99.43 Servicer's Certificate
99.44 Monthly Statement
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/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President, Investor Relations
Dated as of : August 26, 1998
<PAGE>
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
- ----------- -----------
99.1 Series 1998-01 Servicer's Certificate
99.2 Series 1998-01 Monthly Statement
99.3 Series 1998-02 Servicer's Certificate
99.4 Series 1998-02 Monthly Statement
99.5 Series 1998-03 Servicer's Certificate
99.6 Series 1998-03 Monthly Statement
99.7 Series 1998-04 Servicer's Certificate
99.8 Series 1998-04 Monthly Statement
99.9 Series 1998-HE1 Servicer's Certificate
99.10 Series 1998-HE1 Distribution Date Statement
99.11 Series 1998-05 Servicer's Certificate
99.12 Series 1998-05 Monthly Statement
99.13 Series 1998-6A Servicer's Certificate
99.14 Series 1998-6A Monthly Statement
99.15 Series 1998-6B Servicer's Certificate
99.16 Series 1998-6B Monthly Statement
99.17 Series 1998-07 Servicer's Certificate
99.18 Series 1998-07 Monthly Statement
99.19 Series 1998-08A Servicer's Certificate
99.20 Series 1998-08A Monthly Statement
99.21 Series 1998-08B Servicer's Certificate
99.22 Series 1998-08B Monthly Statement
99.23 Series 1998-09 Servicer's Certificate
99.24 Series 1998-09 Monthly Statement
99.25 Series 1998-10A Servicer's Certificate
99.26 Series 1998-10A Monthly Statement
99.27 Series 1998-10B Servicer's Certificate
99.28 Series 1998-10B Monthly Statement
99.29 Series 1998-11A Servicer's Certificate
99.30 Series 1998-11A Monthly Statement
99.31 Series 1998-11B Servicer's Certificate
99.32 Series 1998-11B Monthly Statement
99.33 Series 1998-11C Servicer's Certificate
99.34 Series 1998-11C Monthly Statement
99.35 Series 1998-HE2 Servicer's Certificate
99.36 Series 1998-HE2 Monthly Statement
99.37 Series 1998-12A Servicer's Certificate
99.38 Series 1998-12A Monthly Statement
99.39 Series 1998-12B Servicer's Certificate
99.40 Series 1998-12B Monthly Statement
99.41 Series 1998-12C Servicer's Certificate
99.42 Series 1998-12C Monthly Statement
99.43 Series 1998-12D Servicer's Certificate
99.44 Series 1998-12D Monthly Statement
Exhibit 99.01
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
August, 1998
Series 1998-01, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (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 $ 589,558.88
------------------
(b) Interest $ 1,077,630.95
------------------
(c) Total $ 1,667,189.83
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 224,168.50
------------------
(b) Interest $ 406,738.00
------------------
(c) Total $ 630,906.50
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 365,390.38
------------------
(b) Interest $ 670,892.95
------------------
(c) Total $ 1,036,283.33
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 112,178.65
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 5,497,138.24
------------------
(b) Interest $ 29,729.59
------------------
(c) Total $ 5,526,867.83
------------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
------------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
------------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
12. Pool Scheduled Principal Balance: $ 173,448,542.98
-----------------
13. Available Funds: $ 7,208,538.15
-----------------
14. Realized Losses for prior month: $ 0.00
-----------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
------------------
17. Compensating Interest Payment: $ 2,153.95
------------------
18. Total interest payments: $ 1,009,662.35
------------------
19. Interest
Accrued Unpaid Class
Certificate Interest Interest
Class Interest Shortfalls Payable Pay-out Rate
----------------------------------------------
R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A1 $ 315,643.95 $ 0.00 $ 315,643.95 % 6.750000077
A2 $ 522,548.87 $ 0.00 $ 522,548.87 % 6.750000036
A3 $ 146,615.80 $ 0.00 $ 146,615.80 % 6.750000207
M $ 8,284.42 $ 0.00 $ 8,284.42 % 6.750000586
B1 $ 5,522.94 $ 0.00 $ 5,522.94 % 6.750003712
B2 $ 2,761.45 $ 0.00 $ 2,761.45 % 6.749988649
B3 $ 4,418.36 $ 0.00 $ 4,418.36 % 6.750007495
B4 $ 1,656.87 $ 0.00 $ 1,656.87 % 6.749988466
B5 $ 2,209.69 $ 0.00 $ 2,209.69 % 6.749992401
20. Principal Distribution Amount: $ 6,198,875.80
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 579.81 $ 0.00
Class A1 $ 1,981,987.32 $ 0.00
Class A2 $ 4,116,279.99 $ 0.00
Class A3 $ 85,529.96 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 4,832.81 $ 0.00
Class B1 $ 3,221.87 $ 0.00
Class B2 $ 1,610.93 $ 0.00
Class B3 $ 2,577.50 $ 0.00
Class B4 $ 966.56 $ 0.00
Class B5 $ 1,289.05 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement: $ 0.00
------------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement: $ 0.00
------------------
24. Subordinate Certificate Writedown Amount: $ 0.00
------------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
------------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 42,832.89
-------------
3. Supplemental Servicing Fee amount: $ 61,982.57
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category Category Category
A B C
5. Senior Percentage: % 97.538412 N/A N/A N/A
----------- ---- ------ ------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
8. Senior Prepayment Percentage:
%100.000000 N/A N/A N/A
----------- ---- ------ ------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
11. Junior Percentage: % 2.461588
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.02
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
August, 1998
Series 1998-01, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.433251
--------------------
Weighted average maturity 169.69
--------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
PO $ 3.69875860 $ 0.11935595 $ 0.00000000 %0.00000000
A1 $ 31.62577501 $ 28.68761608 $ 5.03660364 %6.75000008
A2 $ 38.72755690 $ 35.12961456 $ 4.91634222 %6.75000004
A3 $ 3.21879297 $ 2.91975443 $ 5.51766781 %6.75000021
M $ 3.21879402 $ 0.00000000 $ 5.51766810 %6.75000059
B1 $ 3.21879605 $ 0.00000000 $ 5.51767062 %6.75000371
B2 $ 3.21880214 $ 0.00000000 $ 5.51765822 %6.74998865
B3 $ 3.21879703 $ 0.00000000 $ 5.51767372 %6.75000750
B4 $ 3.21880880 $ 0.00000000 $ 5.51765822 %6.74998847
B5 $ 3.21879632 $ 0.00000000 $ 5.51766188 %6.74999240
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution: $ 42,832.89
----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 173,448,542.98
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 546
---------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RCN3
PO $ 151,890.59 $ 151,310.79 $ 965.25 GEC9801PO
A1 $ 56,114,479.36 $ 54,132,492.04 $ 863.77 36157RCK9
A2 $ 92,897,576.40 $ 88,781,296.41 $ 835.29 36157RCL7
A3 $ 26,065,030.31 $ 25,979,500.35 $ 977.70 36157RCM5
SUP $ 167,609,910.77 $ 161,457,599.74 $ 860.40 GEC98001S
M $ 1,472,785.65 $ 1,467,952.84 $ 977.70 36157RCP8
B1 $ 981,855.46 $ 978,633.59 $ 977.70 36157RCQ6
B2 $ 490,925.27 $ 489,314.35 $ 977.70 36157RCR4
B3 $ 785,485.35 $ 782,907.86 $ 977.70 36157RCG8
B4 $ 294,555.17 $ 293,588.61 $ 977.70 36157RCH6
B5 $ 392,834.22 $ 391,545.17 $ 977.70 36157RCJ2
D. 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 delinquent:
1. 30-59 days
Number 5 Principal Balance $ 2,311,806.60
- -------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
- -------------
4. In Foreclosure
Number 1 Principal Balance $ 219,252.14
- --------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
- --------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
---------------
E. Other Information:
1. Special Hazard Loss Amount: $ 2,621,837.00
------------------
2. Bankruptcy Loss Amount: $ 100,000.00
------------------
3. Fraud Loss Amount: $ 2,001,914.00
------------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
------------
Exhibit 99.03
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
August, 1998
Series 1998-02, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (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 $ 306,312.50
------------------
(b) Interest $ 2,523,409.68
------------------
(c) Total $ 2,829,722.18
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 276,434.31
------------------
(b) Interest $ 2,288,838.97
------------------
(c) Total $ 2,565,273.28
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 29,878.19
------------------
(b) Interest $ 234,570.71
------------------
(c) Total $ 264,448.90
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 130,586.16
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 8,938,993.44
-----------------
(b) Interest $ 56,549.58
-----------------
(c) Total $ 8,995,543.02
-----------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
-----------------
(b) Interest $ 0.00
-----------------
(c) Total $ 0.00
-----------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
-----------------
(b) Interest $ 0.00
-----------------
(c) Total $ 0.00
-----------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
-----------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
-----------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
-----------------
(b) Interest $ 0.00
-----------------
(c) Total $ 0.00
-----------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
-----------------
(b) Interest $ 0.00
-----------------
(c) Total $ 0.00
-----------------
12. Pool Scheduled Principal Balance: $ 393,103,307.99
----------------
13. Available Funds: $ 11,721,999.22
----------------
14. Realized Losses for prior month: $ 0.00
----------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
------------------
17. Compensating Interest Payment: $ 4,423.95
------------------
18. Total interest payments: $ 2,346,107.10
------------------
19. Interest
Accrued Unpaid Class
Certificate Interest Interest
Class Interest Shortfalls Payable Pay-out Rate
- ----- -------- ---------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A1 $ 101,360.48 $ 0.00 $ 101,360.48 % 7.000000075
A2 $ 21,583.33 $ 0.00 $ 21,583.33 % 6.999998919
A3 $ 129,226.56 $ 0.00 $ 129,226.56 % 7.000000023
A4 $ 143,272.50 $ 0.00 $ 143,272.50 % 7.000000000
A5 $ 198,686.24 $ 0.00 $ 198,686.24 % 6.999999853
A6 $ 311,641.08 $ 0.00 $ 311,641.08 % 6.999999909
A7 $ 57,166.67 $ 0.00 $ 57,166.67 % 7.000000408
A8 $ 5,220.11 $ 0.00 $ 5,220.11 % 7.249995946
A9 $ 25,020.57 $ 0.00 $ 25,020.57 % 6.950001073
A10 $ 19,250.00 $ 0.00 $ 19,250.00 % 7.000000000
A11 $ 127,995.41 $ 0.00 $ 127,995.41 % 7.000000171
A12 $ 1,094,415.48 $ 0.00 $ 1,094,415.48 % 7.000000029
M $ 45,816.47 $ 0.00 $ 45,816.47 % 7.000000686
B1 $ 26,180.84 $ 0.00 $ 26,180.84 % 7.000000686
B2 $ 13,090.42 $ 0.00 $ 13,090.42 % 7.000000717
B3 $ 13,090.42 $ 0.00 $ 13,090.42 % 7.000000717
B4 $ 3,925.96 $ 0.00 $ 3,925.96 % 6.999992660
B5 $ 9,164.56 $ 0.00 $ 9,164.56 % 7.000001419
20. Principal Distribution Amount: $ 9,375,892.12
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 298.70 $ 0.00
Class A1 $ 663,215.67 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 619,329.00 $ 0.00
Class A4 $ 0.00 $ 0.00
Class A5 $ 0.00 $ 0.00
Class A6 $ 2,113,077.93 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A8 $ 26,414.67 $ 0.00
Class A9 $ 132,073.47 $ 0.00
Class A10 $ 0.00 $ 0.00
Class A11 $ 16,697.44 $ 0.00
Class A12 $ 5,790,269.85 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 5,976.92 $ 0.00
Class B1 $ 3,415.38 $ 0.00
Class B2 $ 1,707.69 $ 0.00
Class B3 $ 1,707.69 $ 0.00
Class B4 $ 512.16 $ 0.00
Class B5 $ 1,195.55 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement: $ 0.00
------------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement: $ 0.00
------------------
24. Subordinate Certificate Writedown Amount: $ 0.00
------------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
------------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 90,521.73
-------------
3. Supplemental Servicing Fee amount: $ 150,212.82
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category Category Category
A B C
5. Senior Percentage: % 95.257307 N/A N/A N/A
----------- ---- ------ ------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
8. Senior Prepayment Percentage:
%100.000000 N/A N/A N/A
----------- ---- ------ ------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
11. Junior Percentage: % 4.742693
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.04
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
August, 1998
Series 1998-02, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.700224
----------------------
Weighted average maturity 350.17
----------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
PO $ 1.02619600 $ 0.15106072 $ 0.00000000 % 0.00000000
A1 $ 31.89544802 $ 30.90209276 $ 4.87464043 % 7.00000007
A2 $ 0.00000000 $ 0.00000000 $ 5.83333243 % 6.99999892
A3 $ 24.43658514 $ 23.67552946 $ 5.09883412 % 7.00000002
A4 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
A5 $ 0.00000000 $ 0.00000000 $ 5.83333321 % 6.99999985
A6 $ 32.86171533 $ 31.83826664 $ 4.84651338 % 6.99999991
A7 $ 0.00000000 $ 0.00000000 $ 5.83333367 % 7.00000041
A8 $ 26.41469641 $ 25.59203559 $ 5.22011522 % 7.24999595
A9 $ 26.41469400 $ 25.59203200 $ 5.00411400 % 6.95000107
A10 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
A11 $ 0.75762645 $ 0.73403116 $ 5.80763928 % 7.00000017
A12 $ 26.62805174 $ 25.79874491 $ 5.03295231 % 7.00000003
M $ 0.75762708 $ 0.00000000 $ 5.80763975 % 7.00000069
B1 $ 0.75762644 $ 0.00000000 $ 5.80763975 % 7.00000069
B2 $ 0.75762644 $ 0.00000000 $ 5.80763975 % 7.00000072
B3 $ 0.75762644 $ 0.00000000 $ 5.80763975 % 7.00000072
B4 $ 0.75763314 $ 0.00000000 $ 5.80763314 % 6.99999266
B5 $ 0.75762769 $ 0.00000000 $ 5.80764037 % 7.00000142
2. Unanticipated Recoveries: $ 0.00
-------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution: $ 90,521.73
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 393,103,307.99
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,331
---------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RDE2
PO $ 289,411.09 $ 289,112.40 $ 993.26 GEC9802PO
A1 $ 17,376,082.10 $ 16,712,866.43 $ 803.76 36157RCS2
A2 $ 3,700,000.00 $ 3,700,000.00 $ 1,000.00 36157RCT0
A3 $ 22,153,124.50 $ 21,533,795.50 $ 849.65 36157RCU7
A4 $ 24,561,000.00 $ 24,561,000.00 $ 1,000.00 36157RCV5
A5 $ 34,060,499.00 $ 34,060,499.00 $ 1,000.00 36157RCW3
A6 $ 53,424,185.84 $ 51,311,107.91 $ 797.97 36157RCX1
A7 $ 9,800,000.00 $ 9,800,000.00 $ 1,000.00 36157RCY9
A8 $ 864,018.69 $ 837,604.02 $ 837.60 36157RCZ6
A9 $ 4,320,097.75 $ 4,188,024.28 $ 837.60 36157RDA0
A10 $ 3,300,000.00 $ 3,300,000.00 $ 1,000.00 36157RDB8
A11 $ 21,942,069.75 $ 21,925,372.31 $ 994.84 36157RDC6
A12 $ 187,614,081.51 $ 181,823,811.67 $ 836.16 36157RDD4
SUP $ 389,299,859.46 $ 379,936,923.66 $ 868.34 GEC98002S
M $ 7,854,251.23 $ 7,848,274.31 $ 994.84 36157RDF9
B1 $ 4,488,143.56 $ 4,484,728.18 $ 994.84 36157RDG7
B2 $ 2,244,071.77 $ 2,242,364.08 $ 994.84 36157RDH5
B3 $ 2,244,071.77 $ 2,242,364.08 $ 994.84 36157RDJ1
B4 $ 673,022.42 $ 672,510.27 $ 994.84 36157RDK8
B5 $ 1,571,067.11 $ 1,569,871.56 $ 994.84 36157RDL6
D. 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 delinquent:
1. 30-59 days
Number 6 Principal Balance $ 1,816,968.60
-------- ----------------
2. 60-89 days
Number 1 Principal Balance $ 304,715.57
-------- ----------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ----------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ----------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ----------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement: $ 0.00
-------------
E. Other Information:
1. Special Hazard Loss Amount: $ 4,508,007.00
----------------
2. Bankruptcy Loss Amount: $ 173,734.00
----------------
3. Fraud Loss Amount: $ 4,508,007.00
----------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.05
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
August, 1998
Series 1998-03, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (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 $ 221,953.95
------------------
(b) Interest $ 1,773,781.37
------------------
(c) Total $ 1,995,735.32
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 189,291.40
------------------
(b) Interest $ 1,507,860.06
------------------
(c) Total $ 1,697,151.46
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 32,662.55
------------------
(b) Interest $ 265,921.31
------------------
(c) Total $ 298,583.86
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 333,173.43
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 3,587,724.80
------------------
(b) Interest $ 22,447.39
------------------
(c) Total $ 3,610,172.19
------------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
------------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
------------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
12. Pool Scheduled Principal Balance: $ 278,690,204.77
-----------------
13. Available Funds: $ 5,792,021.87
-----------------
14. Realized Losses for prior month: $ 0.00
-----------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
------------------
17. Compensating Interest Payment: $ 5,074.65
------------------
18. Total interest payments: $ 1,649,169.68
------------------
19. Interest
Accrued Unpaid Class
Certificate Interest Interest
Class Interest Shortfalls Payable Pay-out Rate
- ----- -------- ---------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A1 $ 361,666.67 $ 0.00 $ 361,666.67 % 7.000000065
A2 $ 64,947.92 $ 0.00 $ 64,947.92 % 6.250000321
A3 $ 110,822.92 $ 0.00 $ 110,822.92 % 6.250000188
A4 $ 81,968.75 $ 0.00 $ 81,968.75 % 6.250000000
A5 $ 81,614.58 $ 0.00 $ 81,614.58 % 6.249999745
A6 $ 40,722.50 $ 0.00 $ 40,722.50 % 7.000000000
A7 $ 171,156.27 $ 0.00 $ 171,156.27 % 6.999999975
A8 $ 595,205.39 $ 0.00 $ 595,205.39 % 6.999999974
A9 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A10 $ 63,583.33 $ 0.00 $ 63,583.33 % 6.999999633
RL $ 0.00 $ 0.00 $ 0.00 % 0.000000000
M $ 31,899.37 $ 0.00 $ 31,899.37 % 7.000000766
B1 $ 18,229.04 $ 0.00 $ 18,229.04 % 7.000000371
B2 $ 9,117.42 $ 0.00 $ 9,117.42 % 6.999997562
B3 $ 9,117.42 $ 0.00 $ 9,117.42 % 6.999997562
B4 $ 2,735.23 $ 0.00 $ 2,735.23 % 7.000007784
B5 $ 6,382.87 $ 0.00 $ 6,382.87 % 7.000000932
20. Principal Distribution Amount: $ 4,142,852.19
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 132.47 $ 0.00
Class A1 $ 0.00 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 0.00 $ 0.00
Class A4 $ 0.00 $ 0.00
Class A5 $ 0.00 $ 0.00
Class A6 $ 0.00 $ 0.00
Class A7 $ 922,891.30 $ 0.00
Class A8 $ 3,209,405.53 $ 0.00
Class A9 $ 0.00 $ 0.00
Class A10 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class RL $ 0.00 $ 0.00
Class M $ 4,291.14 $ 0.00
Class B1 $ 2,452.19 $ 0.00
Class B2 $ 1,226.49 $ 0.00
Class B3 $ 1,226.49 $ 0.00
Class B4 $ 367.95 $ 0.00
Class B5 $ 858.63 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement: $ 0.00
-----------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement: $ 0.00
-----------------
24. Subordinate Certificate Writedown Amount: $ 0.00
-----------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
-----------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 65,842.33
-------------
3. Supplemental Servicing Fee amount: $ 89,324.97
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category Category Category
A B C
5. Senior Percentage: % 95.301796 N/A N/A N/A
----------- ---- ------ ------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
8. Senior Prepayment Percentage:
%100.000000 N/A N/A N/A
----------- ---- ------ ------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
11. Junior Percentage: % 4.698204
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.06
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
August, 1998
Series 1998-03, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.633998
------------------------
Weighted average maturity 350.73
------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
PO $ 1.10172240 $ 0.22222407 $ 0.00000000 %0.00000000
A1 $ 0.00000000 $ 0.00000000 $ 5.83333339 %7.00000006
A2 $ 0.00000000 $ 0.00000000 $ 5.20833360 %6.25000032
A3 $ 0.00000000 $ 0.00000000 $ 5.20833349 %6.25000019
A4 $ 0.00000000 $ 0.00000000 $ 5.20833333 %6.25000000
A5 $ 0.00000000 $ 0.00000000 $ 5.20833312 %6.24999974
A6 $ 0.00000000 $ 0.00000000 $ 5.83333333 %7.00000000
A7 $ 26.74504593 $ 25.37665952 $ 4.96004492 %6.99999998
A8 $ 26.74504608 $ 25.37665942 $ 4.96004492 %6.99999997
A9 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
A10 $ 0.00000000 $ 0.00000000 $ 5.83333303 %6.99999963
RL $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
M $ 0.78120153 $ 0.00000000 $ 5.80727653 %7.00000077
B1 $ 0.78120102 $ 0.00000000 $ 5.80727620 %7.00000037
B2 $ 0.78120382 $ 0.00000000 $ 5.80727389 %6.99999756
B3 $ 0.78120382 $ 0.00000000 $ 5.80727389 %6.99999756
B4 $ 0.78121019 $ 0.00000000 $ 5.80728238 %7.00000778
B5 $ 0.78120056 $ 0.00000000 $ 5.80727629 %7.00000093
2. Unanticipated Recoveries: $ 0.00
-------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution: $ 65,842.33
--------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 278,690,204.77
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 940
---------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RDX0
PO $ 118,254.93 $ 118,122.46 $ 982.40 GEC9803PO
A1 $ 62,000,000.00 $ 62,000,000.00 $ 1,000.00 36157RDM4
A2 $ 12,470,000.00 $ 12,470,000.00 $ 1,000.00 36157RDN2
A3 $ 21,278,000.00 $ 21,278,000.00 $ 1,000.00 36157RDP7
A4 $ 15,738,000.00 $ 15,738,000.00 $ 1,000.00 36157RDQ5
A5 $ 15,670,000.00 $ 15,670,000.00 $ 1,000.00 36157RDR3
A6 $ 6,981,000.00 $ 6,981,000.00 $ 1,000.00 36157RDS1
A7 $ 29,341,074.96 $ 28,418,183.65 $ 823.55 36157RDT9
A8 $ 102,035,210.10 $ 98,825,804.57 $ 823.55 36157RDU6
A9 $ 0.00 $ 0.00 $ 0.00 36157RDV4
A10 $ 10,900,000.00 $ 10,900,000.00 $ 1,000.00 36157RDW2
SUP $ 273,521,401.64 $ 269,388,004.05 $ 885.15 GEC98003S
RL $ 0.00 $ 0.00 $ 0.00 36157RDY8
M $ 5,468,462.83 $ 5,464,171.69 $ 994.75 36157RDZ5
B1 $ 3,124,978.12 $ 3,122,525.93 $ 994.75 36157REA9
B2 $ 1,562,986.83 $ 1,561,760.34 $ 994.75 36157REB7
B3 $ 1,562,986.83 $ 1,561,760.34 $ 994.75 36157REC5
B4 $ 468,896.05 $ 468,528.10 $ 994.75 36157RED3
B5 $ 1,094,206.14 $ 1,093,347.51 $ 994.75 36157REE1
D. 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 delinquent:
1. 30-59 days
Number 5 Principal Balance $ 2,314,327.78
-------- ---------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ---------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ---------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ---------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ---------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement: $ 0.00
-------------
E. Other Information:
1. Special Hazard Loss Amount: $ 3,139,304.00
----------------
2. Bankruptcy Loss Amount: $ 123,439.00
----------------
3. Fraud Loss Amount: $ 3,139,304.00
----------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
F. Ending Notional Component Balances (if applicable):
Ending Notional Balance
Class
Class A7_1 $ 0.00
Class A7_2 $ 0.00
Class A8_1 $ 0.00
Class A8_2 $ 0.00
Ending Component Principal Balances (if applicable):
Ending Component Balance
Class
Class A7_1 $ 5,386,521.71
Class A7_2 $ 23,031,661.94
Class A8_1 $ 18,731,927.02
Class A8_2 $ 80,093,877.56
Exhibit 99.07
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
August, 1998
Series 1998-04, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of February 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (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 $ 437,810.27
------------------
(b) Interest $ 3,477,455.41
------------------
(c) Total $ 3,915,265.68
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 374,375.56
------------------
(b) Interest $ 2,981,032.95
------------------
(c) Total $ 3,355,408.51
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 63,434.71
------------------
(b) Interest $ 496,422.46
------------------
(c) Total $ 559,857.17
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 266,442.69
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 10,609,308.51
------------------
(b) Interest $ 62,705.01
------------------
(c) Total $ 10,672,013.52
------------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
------------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
------------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
12. Pool Scheduled Principal Balance: $ 552,912,020.25
-----------------
13. Available Funds: $ 14,486,127.63
-----------------
14. Realized Losses for prior month: $ 0.00
-----------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
------------------
17. Compensating Interest Payment: $ 9,439.19
------------------
18. Total interest payments: $ 3,172,566.14
------------------
19. Interest
Accrued Unpaid Class
Certificate Interest Interest
Class Interest Shortfalls Payable Pay-out Rate
- ----- -------- ---------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A1 $ 528,682.60 $ 0.00 $ 528,682.60 % 6.499999972
A2 $ 469,456.48 $ 0.00 $ 469,456.48 % 7.000000007
A3 $ 72,863.87 $ 0.00 $ 72,863.87 % 6.200000003
A4 $ 27,030.11 $ 0.00 $ 27,030.11 % 10.733319325
A5 $ 856,665.25 $ 0.00 $ 856,665.25 % 6.749999977
A6 $ 539,572.63 $ 0.00 $ 539,572.63 % 6.550000061
A7 $ 201,824.88 $ 0.00 $ 201,824.88 % 7.350000182
A8 $ 338,295.12 $ 0.00 $ 338,295.12 % 6.749999963
M $ 62,352.03 $ 0.00 $ 62,352.03 % 6.749999795
B1 $ 30,332.66 $ 0.00 $ 30,332.66 % 6.749999185
B2 $ 15,163.53 $ 0.00 $ 15,163.53 % 6.749999992
B3 $ 13,482.43 $ 0.00 $ 13,482.43 % 6.750000435
B4 $ 6,740.09 $ 0.00 $ 6,740.09 % 6.749996182
B5 $ 10,104.42 $ 0.00 $ 10,104.42 % 6.749997269
20. Principal Distribution Amount: $ 11,313,561.49
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 220.72 $ 0.00
Class A1 $ 3,172,227.18 $ 0.00
Class A2 $ 321,282.07 $ 0.00
Class A3 $ 2,347,837.15 $ 0.00
Class A4 $ 503,107.96 $ 0.00
Class A5 $ 4,949,826.75 $ 0.00
Class A6 $ 0.00 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A8 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 8,600.74 $ 0.00
Class B1 $ 4,184.04 $ 0.00
Class B2 $ 2,091.63 $ 0.00
Class B3 $ 1,859.74 $ 0.00
Class B4 $ 929.72 $ 0.00
Class B5 $ 1,393.79 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement: $ 0.04
-----------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement: $ 0.00
----------------
24. Subordinate Certificate Writedown Amount: $ 0.00
----------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
-----------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class A3 % 6.20000000
Class A4 % 10.73331932
Class A6 % 6.55000006
Class A7 % 7.35000018
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 125,812.46
-------------
3. Supplemental Servicing Fee amount: $ 252,294.61
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category Category Category
A B C
5. Senior Percentage: % 95.644687 N/A N/A N/A
----------- ---- ------ ------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
8. Senior Prepayment Percentage:
%100.000000 N/A N/A N/A
----------- ---- ------ ------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
11. Junior Percentage: % 4.355313
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.08
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
August, 1998
Series 1998-04, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of February 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.544533
-------------------------
Weighted average maturity 351.64
-------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.40000000 % 0.00000000
PO $ 1.01860740 $ 0.13350993 $ 0.00000000 % 0.00000000
A1 $ 29.36676368 $ 28.27845021 $ 4.89425760 % 6.49999997
A2 $ 3.93467644 $ 3.78885982 $ 5.74933843 % 7.00000001
A3 $ 108.12550198 $ 104.11843972 $ 3.35561711 % 6.20000000
A4 $ 108.12550183 $ 104.11843972 $ 5.80917902 % 10.73331932
A5 $ 29.36676367 $ 28.27845021 $ 5.08249828 % 6.74999998
A6 $ 0.00000000 $ 0.00000000 $ 5.45833338 % 6.55000006
A7 $ 0.00000000 $ 0.00000000 $ 6.12500015 % 7.35000018
A8 $ 0.00000000 $ 0.00000000 $ 5.62499997 % 6.74999996
M $ 0.77296127 $ 0.00000000 $ 5.60366945 % 6.74999979
B1 $ 0.77296139 $ 0.00000000 $ 5.60366895 % 6.74999918
B2 $ 0.77296009 $ 0.00000000 $ 5.60366962 % 6.74999999
B3 $ 0.77295927 $ 0.00000000 $ 5.60366999 % 6.75000043
B4 $ 0.77296309 $ 0.00000000 $ 5.60366644 % 6.74999618
B5 $ 0.77296228 $ 0.00000000 $ 5.60366735 % 6.74999727
2. Unanticipated Recoveries: $ 0.00
-------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution: $ 125,812.46
-------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 552,912,020.25
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,824
---------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157REP6
PO $ 213,822.75 $ 213,602.03 $ 985.76 GEC9804PO
A1 $ 97,602,941.96 $ 94,430,714.79 $ 874.19 36157REF8
A2 $ 80,478,253.63 $ 80,156,971.56 $ 981.67 36157REG6
A3 $ 14,102,684.51 $ 11,754,847.37 $ 541.35 36157REH4
A4 $ 3,022,003.82 $ 2,518,895.86 $ 541.35 36157REJ0
A5 $ 152,296,044.97 $ 147,346,218.22 $ 874.19 36157REK7
A6 $ 98,853,000.00 $ 98,853,000.00 $ 1,000.00 36157REL5
A7 $ 32,951,000.00 $ 32,951,000.00 $ 1,000.00 36157REM3
A8 $ 60,141,355.00 $ 60,141,355.00 $ 1,000.00 36157REN1
SUP $ 551,372,806.02 $ 540,072,475.22 $ 918.21 GEC98004S
M $ 11,084,805.67 $ 11,076,204.94 $ 995.43 36157REQ4
B1 $ 5,392,473.54 $ 5,388,289.50 $ 995.43 36157RER2
B2 $ 2,695,738.67 $ 2,693,647.04 $ 995.43 36157RES0
B3 $ 2,396,876.29 $ 2,395,016.55 $ 995.43 36157RET8
B4 $ 1,198,238.90 $ 1,197,309.18 $ 995.43 36157REU5
B5 $ 1,796,342.06 $ 1,794,948.27 $ 995.43 36157REV3
D. 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 delinquent:
1. 30-59 days
Number 14 Principal Balance $ 4,776,659.82
-------- ----------------
2. 60-89 days
Number 1 Principal Balance $ 253,769.17
-------- ----------------
3. 90 days or more
Number 1 Principal Balance $ 78,130.21
-------- ----------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ----------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ----------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement: $ 0.00
-------------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
A3 % 6.20000000
A4 % 10.73331932
A6 % 6.55000006
A7 % 7.35000018
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-----------------
2. Bankruptcy Loss Amount: $ 0.00
-----------------
3. Fraud Loss Amount: $ 0.00
-----------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.9
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
AUGUST 1998
Home Equity Loan Pass-Through Certificates,
Series 1998-HE1
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998
(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: $1,372,395.55
--------------------
(2) Aggregate Monthly Payments
received and Monthly Advances
made this Month:
(a) Principal $222,922.20
--------------------
(b) Interest $1,145,876.52
--------------------
(c) Total $1,368,798.72
--------------------
(3) Aggregate Principal Prepayments in part received on Self-
Amortizing Mortgage Loans and applied in the applicable
Prepayment Period:
(a) Principal $26,382.88
--------------------
(c) Total $26,382.88
--------------------
(4) Aggregate Principal Prepayments
in full received in
the applicable Prepayment
period:
(a) Principal $2,120,022.10
--------------------
(b) Interest $22,701.28
--------------------
(c) Total $2,142,723.38
--------------------
(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 $147,850,493.91
-------------------
(11) Available Funds: $3,468,960.42
-------------------
(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: $2,248.80
-------------------
(15) Net Simple Interest
Shortfall: ($0.00)
-------------------
(16) Net Simple Interest
Excess: $0.00
-------------------
(17) Simple Interest Shortfall
Payment: ($0.00)
-------------------
(18) Unpaid Net Simple Interest
Shortfall:
Class A1 36158GAV0 $0.00
------------- -----------------------
Class A2 36158GAW8 $0.00
------------- -----------------------
Class A3 36158GAX6 $0.00
------------- -----------------------
Class A4 36158GAY4 $0.00
------------- -----------------------
Class A5 36158GAZ1 $0.00
------------- -----------------------
Class A6 36158GBA5 $0.00
------------- -----------------------
Class A7 36158GBB3 $0.00
------------- -----------------------
Class S 36198HE1 $0.00
------------- -----------------------
Class M 36158GBE7 $0.00
------------- -----------------------
Class B1 36158GBF4 $0.00
------------- -----------------------
Class B2 36158GBC2 $0.00
------------- -----------------------
Class B3 36157REZ4 $0.00
------------- -----------------------
Class B4 36157RFA8 $0.00
------------- -----------------------
Class B5 36157RFB6 $0.00
------------- -----------------------
(19) Class Certificate Interest
Rate:
Class M 36158GBE7 6.950%
------------- -------------------------
Class B1 36158GBF4 7.240%
------------- -------------------------
Class B2 36158GBC2 7.590%
------------- -------------------------
Class B3 36157REZ4 8.925%
------------- -------------------------
Class B4 36157RFA8 8.925%
------------- -------------------------
Class B5 36157RFB6 8.925%
------------- -------------------------
Class S 36198HE1 2.32%
------------- -------------------------
(20) Accrued Certificate Interest
and Pay-out Rate:
Class A1 36158GAV0 $204,834.95 6.525%
------------- ---------------------------
Class A2 36158GAW8 $102,768.33 6.260%
------------- ---------------------------
Class A3 36158GAX6 $117,105.00 6.330%
------------- ---------------------------
Class A4 36158GAY4 $56,886.67 6.440%
------------- ---------------------------
Class A5 36158GAZ1 $70,197.50 6.530%
------------- ---------------------------
Class A6 36158GBA5 $103,348.17 6.940%
------------- ---------------------------
Class A7 36158GBB3 $76,540.21 6.465%
------------- ---------------------------
Class S 36198HE1 $286,368.37 2.32%
------------- ---------------------------
Class M 36158GBE7 $22,295.14 6.950%
------------- ---------------------------
Class B1 36158GBF4 $20,904.10 7.240%
------------- ---------------------------
Class B2 36158GBC2 $9,740.54 7.590%
------------- ---------------------------
Class B3 36157REZ4 $11,453.58 8.925%
------------- ---------------------------
Class B4 36157RFA8 $8,592.03 8.925%
------------- ---------------------------
Class B5 36157RFB6 $8,598.65 8.925%
------------- ---------------------------
Total $1,099,633.23
(21) Principal distributable:
Class A1 36158GAV0 $2,350,170.50
------------- -----------------------
Class A2 36158GAW8 $0.00
------------- -----------------------
Class A3 36158GAX6 $0.00
------------- -----------------------
Class A4 36158GAY4 $0.00
------------- -----------------------
Class A5 36158GAZ1 $0.00
------------- -----------------------
Class A6 36158GBA5 $0.00
------------- -----------------------
Class A7 36158GBB3 $0.00
------------- -----------------------
Class M 36158GBE7 $5,804.01
------------- -----------------------
Class B1 36158GBF4 $5,223.91
------------- -----------------------
Class B2 36158GBC2 $2,321.90
------------- -----------------------
Class B3 36157REZ4 $2,321.90
------------- -----------------------
Class B4 36157RFA8 $1,741.80
------------- -----------------------
Class B5 36157RFB6 $1,743.14
------------- -----------------------
Class R1 36158GBC1 $0.00
------------- -----------------------
Class R2 36158GBD9 $0.00
------------- -----------------------
Total $2,369,327.18
(22) Additional distributions to
the Class R1 Certificate
pursuant to Section 2.05 (d) : $0.00
----------------
(23) Additional distributions to
the Class R2 Certificate
pursuant to Section 4.01 (b) : $0.00
----------------
B. Other Amounts:
1) Senior Percentage for such
Distribution Date 91.406562%
-----------------
2) Senior Prepayment Percentage
for such Distribution Date 100.00%
-----------------
3) Junior Percentage for such
Distribution Date 8.593438%
-----------------
4) Junior Prepayment Percentage
for such Distribution Date 0.00%
------------------
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/ Tim Neer
- ------------------------------------------
Name: Tim Neer
Title: Vice President of Investor Operations
Exhibit 99.10
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
AUGUST 1998
Home Equity Loan Pass-Through Certificates,
Series 1998-HE1
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998
(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 36158GAV0 $52.69440581
---------------- --------------
Class A2 36158GAW8 $0.00000000
---------------- --------------
Class A3 36158GAX6 $0.00000000
---------------- --------------
Class A4 36158GAY4 $0.00000000
---------------- --------------
Class A5 36158GAZ1 $0.00000000
---------------- --------------
Class A6 36158GBA5 $0.00000000
---------------- --------------
Class A7 36158GBB3 $0.00000000
---------------- --------------
Class M 36158GBE7 $1.49897019
---------------- --------------
Class B1 36158GBF4 $1.49897019
---------------- --------------
Class B2 36158GBC2 $1.49897019
---------------- --------------
Class B3 36157REZ4 $1.49897019
---------------- --------------
Class B4 36157RFA8 $1.49897019
---------------- --------------
Class B5 36157RFB6 $1.49897019
---------------- --------------
Class R1 36158GBC1 $0.00000000
---------------- --------------
Class R2 36158GBD9 $0.00000000
---------------- --------------
(2) Aggregate Principal prepayments included in distribution:
Class A1 36158GAV0 $2,146,404.98
---------------- --------------
Class A2 36158GAW8 $0.00
---------------- -------------
Class A3 36158GAX6 $0.00
---------------- -------------
Class A4 36158GAY4 $0.00
---------------- -------------
Class A5 36158GAZ1 $0.00
---------------- -------------
Class A6 36158GBA5 $0.00
---------------- -------------
Class A7 36158GBB3 $0.00
---------------- -------------
Class M 36158GBE7 $0.00
---------------- -------------
Class B1 36158GBF4 $0.00
---------------- -------------
Class B2 36158GBC2 $0.00
---------------- -------------
Class B3 36157REZ4 $0.00
---------------- -------------
Class B4 36157RFA8 $0.00
---------------- -------------
Class B5 36157RFB6 $0.00
---------------- -------------
Class R1 36158GBC1 $0.00
---------------- -------------
Class R2 36158GBD9 $0.00
---------------- -------------
(3) Amount of distribution allocable to interest Pay-out Rate:
Class A1 36158GAV0 $4.59271192 6.525%
---------------------------------------------
Class A2 36158GAW8 $5.21666667 6.260%
---------------------------------------------
Class A3 36158GAX6 $5.27500000 6.330%
---------------------------------------------
Class A4 36158GAY4 $5.36666667 6.440%
---------------------------------------------
Class A5 36158GAZ1 $5.44166667 6.530%
---------------------------------------------
Class A6 36158GBA5 $5.78333333 6.940%
---------------------------------------------
Class A7 36158GBB3 $5.38750000 6.465%
---------------------------------------------
Class S 36198HE1 $1.93687798 2.32%
---------------------------------------------
Class M 36158GBE7 $5.75804198 6.950%
---------------------------------------------
Class B1 36158GBF4 $5.99830560 7.240%
---------------------------------------------
Class B2 36158GBC2 $6.28827894 7.590%
---------------------------------------------
Class B3 36157REZ4 $7.39417677 8.925%
---------------------------------------------
Class B4 36157RFA8 $7.39417677 8.925%
---------------------------------------------
Class B5 36157RFB6 $7.39417677 8.925%
---------------------------------------------
(4) Servicing Compensation: $69,161.34
--------------
The amounts below are for the aggregate of all Certificates:
(5) Pool Principal Balance; $147,850,493.91
---------------
number of Mortgage
Loans: 2,139
-------------
(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 36158GAV0 $35,320,625.20 $791.94226907
------------------------------------------
Class A2 36158GAW8 $19,700,000.00 $1,000.00000000
------------------------------------------
Class A3 36158GAX6 $22,200,000.00 $1,000.00000000
------------------------------------------
Class A4 36158GAY4 $10,600,000.00 $1,000.00000000
------------------------------------------
Class A5 36158GAZ1 $12,900,000.00 $1,000.00000000
------------------------------------------
Class A6 36158GBA5 $17,870,000.00 $1,000.00000000
------------------------------------------
Class A7 36158GBB3 $14,207,000.00 $1,000.00000000
------------------------------------------
Class M 36158GBE7 $3,843,716.31 $992.69532851
------------------------------------------
Class B1 36158GBF4 $3,459,543.22 $992.69532851
------------------------------------------
Class B2 36158GBC2 $1,537,685.06 $992.69532851
------------------------------------------
Class B3 36157REZ4 $1,537,685.06 $992.69532851
------------------------------------------
Class B4 36157RFA8 $1,153,511.97 $992.69532851
------------------------------------------
Class B5 36157RFB6 $1,154,399.90 $992.69532851
------------------------------------------
Class R1 36158GBC1 $0.00 $0.00000000
------------------------------------------
Class R2 36158GBD9 $0.00 $0.00000000
------------------------------------------
(7) Book value of real estate acquired on behalf of Certificate-
holders; number of $0.00
-------------
related Mortgage Loans: 0
-------------
(8) Aggregate Scheduled Principal Balance and number of delinquent
Mortgage Loans:
One Payment Delinquent $503,991.24
-------------
14
-------------
Two Payments Delinquent $168,536.78
-------------
3
-------------
Three or more Payments Delinquent $91,000.83
-------------
2
-------------
TOTAL $763,528.85
-------------
19
-------------
In foreclosure $0.00
-------------
0
-------------
(9) Aggregate Scheduled
Principal Balance and
number of replaced
Mortgage Loans: $0.00
-------------
0
-------------
(10) Unpaid Net Simple Interest
Shortfall:
Class A1 36157NFF6 $0.00
---------------- -------
Class A2 36157NFG4 $0.00
---------------- -------
Class A3 36157NFH2 $0.00
---------------- -------
Class A4 36157NFJ8 $0.00
---------------- -------
Class A5 36157NFK5 $0.00
---------------- -------
Class A6 36157NFL3 $0.00
---------------- -------
Class A7 36157NFM1 $0.00
---------------- -------
Class S 36197HE4 $0.00
---------------- -------
Class M 36157NFQ2 $0.00
---------------- -------
Class B1 36157NFR0 $0.00
---------------- -------
Class B2 36157NFS8 $0.00
---------------- -------
Class B3 36157NFT6 $0.00
---------------- -------
Class B4 36157NFU3 $0.00
---------------- -------
Class B5 36157NFV1 $0.00
---------------- -------
(11) Class Certificate Interest
Rate of:
Class M 36157NFQ2 6.950%
---------------- ---------
Class B1 36157NFR0 7.240%
---------------- ---------
Class B2 36157NFS8 7.590%
---------------- ---------
Class B3 36157NFT6 8.925%
---------------- ---------
Class B4 36157NFU3 8.925%
---------------- ---------
Class B5 36157NFV1 8.925%
---------------- ---------
Class S 36197HE4 2.32%
---------------- ---------
(12) Senior Percentage for such 91.406562%
------------
Distribution Date
(13) Senior Prepayment Percentage
for such Distribution Date 100.00%
------------
(14) Junior Percentage for such
Distribution Date 8.593438%
------------
(15) Junior Prepayment Percentage
for such Distribution Date 0.00%
------------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
----------------------------------------------
Name: Tim Neer
Title: Vice President of Investor Operations
Exhibit 99.11
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
August, 1998
Series 1998-05, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (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 $ 325,885.36
------------------
(b) Interest $ 2,561,392.99
------------------
(c) Total $ 2,887,278.35
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 293,068.52
------------------
(b) Interest $ 2,322,480.81
------------------
(c) Total $ 2,615,549.33
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 32,816.84
------------------
(b) Interest $ 238,912.18
------------------
(c) Total $ 271,729.02
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 142,937.81
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 9,107,718.83
------------------
(b) Interest $ 56,920.71
------------------
(c) Total $ 9,164,639.54
------------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
------------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
------------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
12. Pool Scheduled Principal Balance: $ 409,328,014.17
-----------------
13. Available Funds: $ 11,931,057.30
-----------------
14. Realized Losses for prior month: $ 0.00
-----------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
------------------
17. Compensating Interest Payment: $ 5,315.91
------------------
18. Total interest payments: $ 2,354,515.30
------------------
19. Interest
Accrued Unpaid Class
Certificate Interest Interest
Class Interest Shortfalls Payable Pay-out Rate
- ----- -------- ---------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A1 $ 1,825,712.11 $ 0.00 $ 1,825,712.11 % 6.749999992
A2 $ 71,055.00 $ 0.00 $ 71,055.00 % 6.750000000
A3 $ 239,517.05 $ 0.00 $ 239,517.05 % 6.749999982
A4 $ 118,659.38 $ 0.00 $ 118,659.38 % 6.750000284
M $ 46,051.94 $ 0.00 $ 46,051.94 % 6.749999617
B1 $ 19,914.35 $ 0.00 $ 19,914.35 % 6.749998377
B2 $ 11,201.82 $ 0.00 $ 11,201.82 % 6.749998938
B3 $ 9,957.18 $ 0.00 $ 9,957.18 % 6.750001767
B4 $ 4,978.58 $ 0.00 $ 4,978.58 % 6.749995797
B5 $ 7,467.89 $ 0.00 $ 7,467.89 % 6.749997096
20. Principal Distribution Amount: $ 9,576,542.00
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 375.98 $ 0.00
Class A1 $ 9,562,397.65 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 0.00 $ 0.00
Class A4 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 6,367.87 $ 0.00
Class B1 $ 2,753.67 $ 0.00
Class B2 $ 1,548.94 $ 0.00
Class B3 $ 1,376.84 $ 0.00
Class B4 $ 688.42 $ 0.00
Class B5 $ 1,032.63 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
------------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
------------------
24. Subordinate Certificate Writedown Amount: $ 0.00
------------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
------------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied: Yes No
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 94,320.37
---------------
3. Supplemental Servicing Fee amount: $ 176,234.32
---------------
4. Credit Losses for prior month: $ 0.00
---------------
Category Category Category
A B C
5. Senior Percentage: % 95.771029 N/A N/A N/A
----------- ----- ------ ------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
----------- ----- ------ ------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
----------- ----- ------ ------
8. Senior Prepayment Percentage:
%100.000000 N/A N/A N/A
----------- ----- ------ ------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ----- ------ ------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ----- ------ ------
11. Junior Percentage: % 4.228971
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.12
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
August, 1998
Series 1998-05, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.507837
-----------------------
Weighted average maturity 351.52
-----------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
PO $ 1.09734813 $ 0.18425338 $ 0.00000000 % 0.00000000
A1 $ 27.36020808 $ 26.46806508 $ 5.22378017 % 6.74999999
A2 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
A3 $ 0.00000000 $ 0.00000000 $ 5.62499999 % 6.74999998
A4 $ 0.00000000 $ 0.00000000 $ 5.62500024 % 6.75000028
M $ 0.77540839 $ 0.00000000 $ 5.60769307 % 6.74999962
B1 $ 0.77540735 $ 0.00000000 $ 5.60769204 % 6.74999838
B2 $ 0.77540786 $ 0.00000000 $ 5.60769250 % 6.74999894
B3 $ 0.77541016 $ 0.00000000 $ 5.60769486 % 6.75000177
B4 $ 0.77541104 $ 0.00000000 $ 5.60768991 % 6.74999580
B5 $ 0.77540911 $ 0.00000000 $ 5.60769099 % 6.74999710
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 94,320.37
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 409,328,014.17
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,328
---------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36158GAK4
PO $ 324,056.36 $ 323,680.38 $ 944.70 GEC9805PO
A1 $ 324,571,042.15 $ 315,008,644.49 $ 901.31 36158GAF5
A2 $ 12,632,000.00 $ 12,632,000.00 $ 1,000.00 36158GAG3
A3 $ 42,580,809.00 $ 42,580,809.00 $ 1,000.00 36158GAH1
A4 $ 21,095,000.00 $ 21,095,000.00 $ 1,000.00 36158GAJ7
SUP $ 403,114,211.88 $ 393,555,220.52 $ 920.31 GEC98005S
M $ 8,187,012.02 $ 8,180,644.15 $ 996.15 36158GAL2
B1 $ 3,540,329.74 $ 3,537,576.06 $ 996.15 36158GAM0
B2 $ 1,991,434.98 $ 1,989,886.04 $ 996.15 36158GAN8
B3 $ 1,770,164.87 $ 1,768,788.03 $ 996.15 36157REW1
B4 $ 885,081.44 $ 884,393.02 $ 996.15 36157REX9
B5 $ 1,327,625.46 $ 1,326,592.83 $ 996.15 36157REY7
D. 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 delinquent:
1. 30-59 days
Number 13 Principal Balance $ 4,286,063.60
-------- ------------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ------------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ------------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ------------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ------------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
---------------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
------------------
2. Bankruptcy Loss Amount: $ 0.00
------------------
3. Fraud Loss Amount: $ 0.00
------------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
------------
Exhibit 99.13
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
August, 1998
Series 1998-6A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 155,052.58
------------------
(b) Interest $ 1,206,680.13
------------------
(c) Total $ 1,361,732.71
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 125,520.15
------------------
(b) Interest $ 980,022.36
------------------
(c) Total $ 1,105,542.51
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 29,532.43
------------------
(b) Interest $ 226,657.77
------------------
(c) Total $ 256,190.20
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 32,059.15
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 2,169,450.22
------------------
(b) Interest $ 13,157.37
------------------
(c) Total $ 2,182,607.59
------------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
------------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
------------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
12. Pool Scheduled Principal Balance: $ 194,521,191.77
-----------------
13. Available Funds: $ 3,462,980.04
-----------------
14. Realized Losses for prior month: $ 0.00
-----------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
------------------
17. Compensating Interest Payment: $ 1,980.10
------------------
18. Total interest payments: $ 1,106,418.10
------------------
19. Interest
Accrued Unpaid Class
Certificate Interest Interest
Class Interest Shortfalls Payable Pay-out Rate
- ----- -------- ---------- ------- ------------
1PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A1 $ 692,944.77 $ 0.00 $ 692,944.77 % 6.749999987
1A2 $ 182,835.00 $ 0.00 $ 182,835.00 % 6.750000000
1A3 $ 43,939.86 $ 0.00 $ 43,939.86 % 6.550000559
1A4 $ 16,435.52 $ 0.00 $ 16,435.52 % 7.350000559
1A5 $ 23,062.50 $ 0.00 $ 23,062.50 % 6.750000000
1A6 $ 101,700.00 $ 0.00 $ 101,700.00 % 6.750000000
1R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1M $ 21,045.54 $ 0.00 $ 21,045.54 % 6.749998545
1B1 $ 9,101.23 $ 0.00 $ 9,101.23 % 6.749999476
1B2 $ 5,119.79 $ 0.00 $ 5,119.79 % 6.749996358
1B3 $ 4,547.81 $ 0.00 $ 4,547.81 % 6.749997792
1B4 $ 2,275.03 $ 0.00 $ 2,275.03 % 6.750007974
1B5 $ 3,411.05 $ 0.00 $ 3,411.05 % 6.750001435
20. Principal Distribution Amount: $ 2,356,561.94
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 1PO $ 178.23 $ 0.00
Class 1A1 $ 2,350,013.95 $ 0.00
Class 1A2 $ 0.00 $ 0.00
Class 1A3 $ 0.00 $ 0.00
Class 1A4 $ 0.00 $ 0.00
Class 1A5 $ 0.00 $ 0.00
Class 1A6 $ 0.00 $ 0.00
Class SUP1 $ 0.00 $ 0.00
Class 1R $ 0.00 $ 0.00
Class 1M $ 2,946.24 $ 0.00
Class 1B1 $ 1,274.11 $ 0.00
Class 1B2 $ 716.74 $ 0.00
Class 1B3 $ 636.66 $ 0.00
Class 1B4 $ 318.49 $ 0.00
Class 1B5 $ 477.52 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
-----------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
-----------------
24. Subordinate Certificate Writedown Amount: $ 0.00
-----------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
1B1 $ 0.00 $ 0.00
1B2 $ 0.00 $ 0.00
1B3 $ 0.00 $ 0.00
1B4 $ 0.00 $ 0.00
1B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
------------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class 1A3 % 6.55000056
Class 1A4 % 7.35000056
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied: Yes No
Class-1B1 X
Class-1B2 X
Class-1B3 X
Class-1B4 X
Class-1B5 X
2. Base Servicing Fee amount: $ 42,659.82
--------------
3. Supplemental Servicing Fee amount: $ 71,401.89
--------------
4. Credit Losses for prior month: $ 0.00
--------------
Category Category Category
A B C
5. Senior Percentage: % 95.887589 N/A N/A N/A
----------- ---- ------ ------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
8. Senior Prepayment Percentage:
%100.000000 N/A N/A N/A
----------- ---- ------ ------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
11. Junior Percentage: % 4.112411
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.14
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
August, 1998
Series 1998-6A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.439031
-------------------------
Weighted average maturity 352.95
-------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
1PO $ 0.98000187 $ 0.09319998 $ 0.00000000 % 0.00000000
1A1 $ 18.19797694 $ 17.04785978 $ 5.36600770 % 6.74999999
1A2 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1A3 $ 0.00000000 $ 0.00000000 $ 5.45833380 % 6.55000056
1A4 $ 0.00000000 $ 0.00000000 $ 6.12500047 % 7.35000056
1A5 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1A6 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
1M $ 0.78503597 $ 0.00000000 $ 5.60765787 % 6.74999854
1B1 $ 0.78503389 $ 0.00000000 $ 5.60765866 % 6.74999948
1B2 $ 0.78503834 $ 0.00000000 $ 5.60765608 % 6.74999636
1B3 $ 0.78503083 $ 0.00000000 $ 5.60765721 % 6.74999779
1B4 $ 0.78503821 $ 0.00000000 $ 5.60766576 % 6.75000797
1B5 $ 0.78502805 $ 0.00000000 $ 5.60766024 % 6.75000143
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 42,659.82
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 194,521,191.77
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 627
---------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
1PO $ 181,202.19 $ 181,023.96 $ 995.36 GEC986PO1
1A1 $ 123,190,181.57 $ 120,840,167.62 $ 935.76 36158GBH0
1A2 $ 32,504,000.00 $ 32,504,000.00 $ 1,000.00 36158GBJ6
1A3 $ 8,050,050.00 $ 8,050,050.00 $ 1,000.00 36158GBK3
1A4 $ 2,683,350.00 $ 2,683,350.00 $ 1,000.00 36158GBL1
1A5 $ 4,100,000.00 $ 4,100,000.00 $ 1,000.00 36158GBM9
1A6 $ 18,080,000.00 $ 18,080,000.00 $ 1,000.00 36158GBN7
SUP1 $ 188,489,905.38 $ 186,142,176.48 $ 957.37 GE986SUP1
1R $ 0.00 $ 0.00 $ 0.00 36158GCD8
1M $ 3,741,430.14 $ 3,738,483.90 $ 996.13 36158GBP2
1B1 $ 1,617,996.57 $ 1,616,722.45 $ 996.13 36158GBQ0
1B2 $ 910,185.38 $ 909,468.64 $ 996.13 36158GBR8
1B3 $ 808,499.82 $ 807,863.16 $ 996.13 36158GCE6
1B4 $ 404,449.30 $ 404,130.81 $ 996.13 36158GCF3
1B5 $ 606,408.76 $ 605,931.24 $ 996.13 36158GCG1
D. 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 delinquent:
1. 30-59 days
Number 4 Principal Balance $ 1,261,290.80
-------- ----------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ----------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ----------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ----------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ----------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
---------------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
1A3 % 6.55000056
1A4 % 7.35000056
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-----------------
2. Bankruptcy Loss Amount: $ 0.00
-----------------
3. Fraud Loss Amount: $ 0.00
-----------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
------------
F. Ending Notional Component Balances (if applicable):
Ending Notional Balance
Class
Class 1A5_1 $ 0.00
Class 1A5_2 $ 0.00
Ending Component Principal Balances (if applicable):
Ending Component Balance
Class
Class 1A5_1 $ 1,780,000.00
Class 1A5_2 $ 2,320,000.00
Exhibit 99.15
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
August, 1998
Series 1998-6B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (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 $ 247,031.86
------------------
(b) Interest $ 1,926,537.85
------------------
(c) Total $ 2,173,569.71
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 223,025.88
------------------
(b) Interest $ 1,740,556.14
------------------
(c) Total $ 1,963,582.02
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 24,005.98
------------------
(b) Interest $ 185,981.71
------------------
(c) Total $ 209,987.69
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 106,785.77
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 8,478,171.42
------------------
(b) Interest $ 53,377.12
------------------
(c) Total $ 8,531,548.54
------------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
------------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
------------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
12. Pool Scheduled Principal Balance: $ 310,086,791.62
-----------------
13. Available Funds: $ 10,624,944.05
-----------------
14. Realized Losses for prior month: $ 0.00
-----------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
------------------
17. Compensating Interest Payment: $ 9,007.06
------------------
18. Total interest payments: $ 1,792,955.00
-----------------
19. Interest
Accrued Unpaid Class
Certificate Interest Interest
Class Interest Shortfalls Payable Pay-out Rate
- ----- -------- ---------- ------- ------------
2PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2A1 $ 14,033.36 $ 0.00 $ 14,033.36 % 6.750002288
2A2 $ 434,832.33 $ 0.00 $ 434,832.33 % 6.750000008
2A3 $ 687,475.91 $ 0.00 $ 687,475.91 % 6.749999964
2A4 $ 123,238.13 $ 0.00 $ 123,238.13 % 6.750000274
2A5 $ 90,759.38 $ 0.00 $ 90,759.38 % 6.750000372
2A6 $ 135,797.88 $ 0.00 $ 135,797.88 % 6.550000241
2A7 $ 50,794.63 $ 0.00 $ 50,794.63 % 7.350000724
2A8 $ 182,812.50 $ 0.00 $ 182,812.50 % 6.750000000
2M $ 33,858.98 $ 0.00 $ 33,858.98 % 6.750000440
2B1 $ 14,641.57 $ 0.00 $ 14,641.57 % 6.750000668
2B2 $ 8,237.63 $ 0.00 $ 8,237.63 % 6.749996154
2B3 $ 7,320.78 $ 0.00 $ 7,320.78 % 6.749996058
2B4 $ 3,660.39 $ 0.00 $ 3,660.39 % 6.749996058
2B5 $ 5,491.53 $ 0.00 $ 5,491.53 % 6.749999032
20. Principal Distribution Amount: $ 8,831,989.05
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 2PO $ 304.71 $ 0.00
Class 2A1 $ 896,778.14 $ 0.00
Class 2A2 $ 3,433,627.67 $ 0.00
Class 2A3 $ 4,491,197.83 $ 0.00
Class 2A4 $ 0.00 $ 0.00
Class 2A5 $ 0.00 $ 0.00
Class 2A6 $ 0.00 $ 0.00
Class 2A7 $ 0.00 $ 0.00
Class 2A8 $ 0.00 $ 0.00
Class SUP2 $ 0.00 $ 0.00
Class 2M $ 4,662.18 $ 0.00
Class 2B1 $ 2,016.06 $ 0.00
Class 2B2 $ 1,134.27 $ 0.00
Class 2B3 $ 1,008.03 $ 0.00
Class 2B4 $ 504.01 $ 0.00
Class 2B5 $ 756.15 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
-----------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
-----------------
24. Subordinate Certificate Writedown Amount: $ 0.00
-----------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
2B1 $ 0.00 $ 0.00
2B2 $ 0.00 $ 0.00
2B3 $ 0.00 $ 0.00
2B4 $ 0.00 $ 0.00
2B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
-----------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class 2A6 % 6.55000024
Class 2A7 % 7.35000072
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied: Yes No
Class-2B1 X
Class-2B2 X
Class-2B3 X
Class-2B4 X
Class-2B5 X
2. Base Servicing Fee amount: $ 70,617.71
--------------
3. Supplemental Servicing Fee amount: $ 120,994.69
--------------
4. Credit Losses for prior month: $ 0.00
--------------
Category Category Category
A B C
5. Senior Percentage: % 95.916747 N/A N/A N/A
----------- ---- ------ ------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
8. Senior Prepayment Percentage:
%100.000000 N/A N/A N/A
----------- ---- ------ ------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
11. Junior Percentage: % 4.083253
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.16
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
August, 1998
Series 1998-6B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.45925
-------------------------
Weighted average maturity 352.51
-------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
2PO $ 1.77288913 $ 0.88368088 $ 0.00000000 % 0.00000000
2A1 $ 275.93173538 $ 268.52490154 $ 4.31795692 % 6.75000229
2A2 $ 42.81598192 $ 41.66667236 $ 5.42218754 % 6.75000001
2A3 $ 35.64442722 $ 34.68762373 $ 5.45615802 % 6.74999996
2A4 $ 0.00000000 $ 0.00000000 $ 5.62500023 % 6.75000027
2A5 $ 0.00000000 $ 0.00000000 $ 5.62500031 % 6.75000037
2A6 $ 0.00000000 $ 0.00000000 $ 5.45833353 % 6.55000024
2A7 $ 0.00000000 $ 0.00000000 $ 6.12500060 % 7.35000072
2A8 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
2M $ 0.77213978 $ 0.00000000 $ 5.60764823 % 6.75000044
2B1 $ 0.77214094 $ 0.00000000 $ 5.60764841 % 6.75000067
2B2 $ 0.77213751 $ 0.00000000 $ 5.60764466 % 6.74999615
2B3 $ 0.77214094 $ 0.00000000 $ 5.60764458 % 6.74999606
2B4 $ 0.77213328 $ 0.00000000 $ 5.60764458 % 6.74999606
2B5 $ 0.77213860 $ 0.00000000 $ 5.60764704 % 6.74999903
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 70,617.71
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 310,086,791.62
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 996
---------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
2PO $ 171,227.49 $ 170,922.78 $ 994.48 GEC986PO2
2A1 $ 2,494,818.71 $ 1,598,040.57 $ 491.70 36158GBS6
2A2 $ 77,303,525.24 $ 73,869,897.57 $ 921.13 36158GBT4
2A3 $ 122,217,940.21 $ 117,726,742.38 $ 934.34 36158GBU1
2A4 $ 21,909,000.00 $ 21,909,000.00 $ 1,000.00 36158GBV9
2A5 $ 16,135,000.00 $ 16,135,000.00 $ 1,000.00 36158GBW7
2A6 $ 24,879,000.00 $ 24,879,000.00 $ 1,000.00 36158GBX5
2A7 $ 8,293,000.00 $ 8,293,000.00 $ 1,000.00 36158GBY3
2A8 $ 32,500,000.00 $ 32,500,000.00 $ 1,000.00 36158GBZ0
SUP2 $ 309,435,184.08 $ 300,614,954.46 $ 948.71 GE986SUP2
2M $ 6,019,373.83 $ 6,014,711.65 $ 996.14 36158GCA4
2B1 $ 2,602,945.52 $ 2,600,929.47 $ 996.14 36158GCB2
2B2 $ 1,464,468.39 $ 1,463,334.12 $ 996.14 36158GCC0
2B3 $ 1,301,472.76 $ 1,300,464.73 $ 996.14 36158GCH9
2B4 $ 650,736.38 $ 650,232.37 $ 996.14 36158GCJ5
2B5 $ 976,272.14 $ 975,515.99 $ 996.14 36158GCK2
D. 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 delinquent:
1. 30-59 days
Number 5 Principal Balance $ 1,746,326.86
-- ---------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-- ---------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-- ---------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-- ---------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-- ---------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
---------------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
2A6 % 6.55000024
2A7 % 7.35000072
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
------------------
2. Bankruptcy Loss Amount: $ 0.00
------------------
3. Fraud Loss Amount: $ 0.00
------------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
F. Ending Notional Component Balances (if applicable):
Ending Notional Balance
Class
N/A $ N/A
Ending Component Principal Balances (if applicable):
Ending Component Balance
Class
N/A $ N/A
Exhibit 99.17
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
August, 1998
Series 1998-07, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (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 $ 541,937.83
------------------
(b) Interest $ 966,944.01
------------------
(c) Total $ 1,508,881.84
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 372,184.12
------------------
(b) Interest $ 674,307.79
------------------
(c) Total $ 1,046,491.91
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 169,753.71
------------------
(b) Interest $ 292,636.22
------------------
(c) Total $ 462,389.93
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 187,473.21
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 2,386,161.88
------------------
(b) Interest $ 13,912.62
------------------
(c) Total $ 2,400,074.50
------------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
------------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
------------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
12. Pool Scheduled Principal Balance: $ 160,728,935.43
-----------------
13. Available Funds: $ 4,001,501.98
-----------------
14. Realized Losses for prior month: $ 0.00
-----------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
------------------
17. Compensating Interest Payment: $ 1,405.90
------------------
18. Total interest payments: $ 885,929.05
------------------
19. Interest
Accrued Unpaid Class
Certificate Interest Interest
Class Interest Shortfalls Payable Pay-out Rate
- ----- -------- ---------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A $ 865,103.36 $ 0.00 $ 865,103.36 % 6.500000006
M $ 9,258.48 $ 0.00 $ 9,258.48 % 6.500002153
B1 $ 2,313.44 $ 0.00 $ 2,313.44 % 6.500010735
B2 $ 2,313.44 $ 0.00 $ 2,313.44 % 6.500010735
B3 $ 3,701.50 $ 0.00 $ 3,701.50 % 6.500007478
B4 $ 1,850.75 $ 0.00 $ 1,850.75 % 6.500007478
B5 $ 1,388.08 $ 0.00 $ 1,388.08 % 6.500022906
20. Principal Distribution Amount: $ 3,115,572.93
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 1,046.55 $ 0.00
Class A $ 3,101,810.65 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 5,653.03 $ 0.00
Class B1 $ 1,412.54 $ 0.00
Class B2 $ 1,412.54 $ 0.00
Class B3 $ 2,260.06 $ 0.00
Class B4 $ 1,130.03 $ 0.00
Class B5 $ 847.53 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
-----------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
-----------------
24. Subordinate Certificate Writedown Amount: $ 0.00
-----------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
-----------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied: Yes No
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 38,002.08
-------------
3. Supplemental Servicing Fee amount: $ 60,501.19
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category Category Category
A B C
5. Senior Percentage: % 97.649285 N/A N/A N/A
----------- ---- ------ ------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
8. Senior Prepayment Percentage:
%100.000000 N/A N/A N/A
----------- ---- ------ ------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
11. Junior Percentage: % 2.350715
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.18
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
August, 1998
Series 1998-07, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.195804
-------------------------
Weighted average maturity 172.36
-------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
PO $ 3.57229411 $ 0.13155245 $ 0.00000000 % 0.00000000
A $ 18.36803843 $ 15.24010511 $ 5.12289548 % 6.50000001
M $ 3.26489017 $ 0.00000000 $ 5.34720678 % 6.50000215
B1 $ 3.26490140 $ 0.00000000 $ 5.34721388 % 6.50001074
B2 $ 3.26490140 $ 0.00000000 $ 5.34721388 % 6.50001074
B3 $ 3.26489751 $ 0.00000000 $ 5.34721119 % 6.50000748
B4 $ 3.26489751 $ 0.00000000 $ 5.34721119 % 6.50000748
B5 $ 3.26489294 $ 0.00000000 $ 5.34722381 % 6.50002291
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 38,002.08
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 160,728,935.43
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 495
---------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36158GAB4
PO $ 288,380.12 $ 287,333.56 $ 980.78 GEC9807PO
A $ 159,711,389.40 $ 156,609,578.75 $ 927.40 36158GAA6
SUP $ 153,721,042.42 $ 150,642,063.62 $ 925.80 GEC987SUP
M $ 1,709,257.28 $ 1,703,604.24 $ 983.91 36158GAC2
B1 $ 427,095.91 $ 425,683.37 $ 983.91 36158GAD0
B2 $ 427,095.91 $ 425,683.37 $ 983.91 36158GAE8
B3 $ 683,353.06 $ 681,093.00 $ 983.91 36158GAP3
B4 $ 341,676.53 $ 340,546.50 $ 983.91 36158GAQ1
B5 $ 256,260.02 $ 255,412.49 $ 983.91 36158GAR9
D. 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 delinquent:
1. 30-59 days
Number 1 Principal Balance $ 311,002.60
-------- ---------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ---------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ---------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ---------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ---------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
---------------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
------------------
2. Bankruptcy Loss Amount: $ 0.00
------------------
3. Fraud Loss Amount: $ 0.00
------------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.19
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
August, 1998
Series 1998-08A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (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 $ 389,220.43
------------------
(b) Interest $ 3,004,697.85
------------------
(c) Total $ 3,393,918.28
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 369,786.24
------------------
(b) Interest $ 2,857,694.83
------------------
(c) Total $ 3,227,481.07
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 19,434.19
------------------
(b) Interest $ 147,003.02
------------------
(c) Total $ 166,437.21
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 104,210.87
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 6,999,417.13
------------------
(b) Interest $ 43,551.11
------------------
(c) Total $ 7,042,968.24
------------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
------------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
------------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
12. Pool Scheduled Principal Balance: $ 484,947,800.08
-----------------
13. Available Funds: $ 10,259,861.11
-----------------
14. Realized Losses for prior month: $ 0.00
-----------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
------------------
17. Compensating Interest Payment: $ 6,104.81
------------------
18. Total interest payments: $ 2,767,012.68
------------------
19. Interest
Accrued Unpaid Class
Certificate Interest Interest
Class Interest Shortfalls Payable Pay-out Rate
- ----- -------- ---------- ------- ------------
1PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A1 $ 1,105,613.22 $ 0.00 $ 1,105,613.22 % 6.749999996
1A2 $ 16,442.40 $ 0.00 $ 16,442.40 % 6.750000654
1A3 $ 1,227,770.00 $ 0.00 $ 1,227,770.00 % 6.749999982
1A4 $ 134,628.27 $ 0.00 $ 134,628.27 % 6.750000188
1A5 $ 163,125.00 $ 0.00 $ 163,125.00 % 6.750000000
1R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1M $ 59,013.61 $ 0.00 $ 59,013.61 % 6.749999572
1B1 $ 22,480.84 $ 0.00 $ 22,480.84 % 6.749999338
1B2 $ 12,643.37 $ 0.00 $ 12,643.37 % 6.750000367
1B3 $ 11,240.42 $ 0.00 $ 11,240.42 % 6.749999354
1B4 $ 5,623.02 $ 0.00 $ 5,623.02 % 6.750004254
1B5 $ 8,432.53 $ 0.00 $ 8,432.53 % 6.750002361
20. Principal Distribution Amount: $ 7,492,848.43
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 1PO $ 3,342.83 $ 0.00
Class 1A1 $ 3,120,566.40 $ 0.00
Class 1A2 $ 69,634.57 $ 0.00
Class 1A3 $ 4,282,525.99 $ 0.00
Class 1A4 $ 0.00 $ 0.00
Class 1A5 $ 0.00 $ 0.00
Class SUP1 $ 0.00 $ 0.00
Class 1R $ 0.00 $ 0.00
Class 1M $ 8,290.52 $ 0.00
Class 1B1 $ 3,158.22 $ 0.00
Class 1B2 $ 1,776.20 $ 0.00
Class 1B3 $ 1,579.11 $ 0.00
Class 1B4 $ 789.95 $ 0.00
Class 1B5 $ 1,184.64 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
-----------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
-----------------
24. Subordinate Certificate Writedown Amount: $ 0.00
-----------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
1B1 $ 0.00 $ 0.00
1B2 $ 0.00 $ 0.00
1B3 $ 0.00 $ 0.00
1B4 $ 0.00 $ 0.00
1B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
------------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied: Yes No
Class-1B1 X
Class-1B2 X
Class-1B3 X
Class-1B4 X
Class-1B5 X
2. Base Servicing Fee amount: $ 109,931.07
-------------
3. Supplemental Servicing Fee amount: $ 178,543.12
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category Category Category
A B C
5. Senior Percentage: % 95.683656 N/A N/A N/A
----------- ---- ------ ------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
8. Senior Prepayment Percentage:
%100.000000 N/A N/A N/A
----------- ---- ------ ------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
11. Junior Percentage: % 4.316344
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.20
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
August, 1998
Series 1998-08A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.432947
-------------------------
Weighted average maturity 352.42
-------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
1PO $ 6.31931658 $ 5.37970759 $ 0.00000000 %0.00000000
1A1 $ 15.60283200 $ 14.82622240 $ 5.52806610 %6.75000000
1A2 $ 23.21152333 $ 22.05620000 $ 5.48080000 %6.75000065
1A3 $ 19.20415242 $ 18.24829206 $ 5.50569507 %6.74999998
1A4 $ 0.00000000 $ 0.00000000 $ 5.62500016 %6.75000019
1A5 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
1R $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
1M $ 0.78837200 $ 0.00000000 $ 5.61179251 %6.74999957
1B1 $ 0.78837244 $ 0.00000000 $ 5.61179231 %6.74999934
1B2 $ 0.78837106 $ 0.00000000 $ 5.61179316 %6.75000037
1B3 $ 0.78837244 $ 0.00000000 $ 5.61179231 %6.74999935
1B4 $ 0.78837325 $ 0.00000000 $ 5.61179641 %6.75000425
1B5 $ 0.78837035 $ 0.00000000 $ 5.61179483 %6.75000236
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 109,931.07
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 484,947,800.08
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,604
-----------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
1PO $ 527,283.44 $ 523,940.61 $ 990.46 GEC9881PO
1A1 $ 196,553,461.46 $ 193,432,895.06 $ 967.16 36157RFC4
1A2 $ 2,923,093.05 $ 2,853,458.48 $ 951.15 36157RFD2
1A3 $ 218,270,222.80 $ 213,987,696.80 $ 959.59 36157RFE0
1A4 $ 23,933,914.00 $ 23,933,914.00 $ 1,000.00 36157RFF7
1A5 $ 29,000,000.00 $ 29,000,000.00 $ 1,000.00 36157RFG5
SUP1 $ 468,320,170.46 $ 461,074,197.71 $ 967.53 GE988SUP1
1R $ 0.00 $ 0.00 $ 0.00 36157RFL4
1M $ 10,491,309.11 $ 10,483,018.59 $ 996.86 36157RFH3
1B1 $ 3,996,594.17 $ 3,993,435.95 $ 996.86 36157RFJ9
1B2 $ 2,247,710.10 $ 2,245,933.90 $ 996.86 36157RFK6
1B3 $ 1,998,297.08 $ 1,996,717.98 $ 996.86 36158GCL0
1B4 $ 999,647.37 $ 998,857.42 $ 996.86 36158GCM8
1B5 $ 1,499,115.92 $ 1,497,931.28 $ 996.86 36158GCN6
D. 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 delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- ---------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ---------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ---------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ---------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ---------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
------------------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
------------------
2. Bankruptcy Loss Amount: $ 0.00
------------------
3. Fraud Loss Amount: $ 0.00
------------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.21
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
August, 1998
Series 1998-08B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (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 $ 132,290.47
------------------
(b) Interest $ 1,043,137.76
------------------
(c) Total $ 1,175,428.23
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 129,694.18
------------------
(b) Interest $ 1,020,361.45
------------------
(c) Total $ 1,150,055.63
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 2,596.29
------------------
(b) Interest $ 22,776.31
------------------
(c) Total $ 25,372.60
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 34,585.89
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 4,186,430.36
------------------
(b) Interest $ 26,515.90
------------------
(c) Total $ 4,212,946.26
------------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
------------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
------------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
12. Pool Scheduled Principal Balance: $ 168,209,404.65
-----------------
13. Available Funds: $ 5,323,620.89
-----------------
14. Realized Losses for prior month: $ 0.00
-----------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
------------------
17. Compensating Interest Payment: $ 547.10
------------------
18. Total interest payments: $ 970,314.19
------------------
19. Interest
Accrued Unpaid Class
Certificate Interest Interest
Class Interest Shortfalls Payable Pay-out Rate
- ----- -------- ---------- ------- ------------
2PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2A1 $ 447,403.90 $ 0.00 $ 447,403.90 % 6.749999947
2A2 $ 88,229.17 $ 0.00 $ 88,229.17 % 7.000000264
2A3 $ 14,583.33 $ 0.00 $ 14,583.33 % 6.999998400
2A4 $ 16,041.67 $ 0.00 $ 16,041.67 % 7.000001455
2A5 $ 24,062.50 $ 0.00 $ 24,062.50 % 7.000000000
2A6 $ 25,211.49 $ 0.00 $ 25,211.49 % 7.000001157
2A7 $ 21,145.83 $ 0.00 $ 21,145.83 % 6.999998897
2A8 $ 21,145.83 $ 0.00 $ 21,145.83 % 6.999998897
2A9 $ 21,145.83 $ 0.00 $ 21,145.83 % 6.999998897
2A10 $ 21,145.83 $ 0.00 $ 21,145.83 % 6.999998897
2A11 $ 21,145.83 $ 0.00 $ 21,145.83 % 6.999998897
2A12 $ 58,587.58 $ 0.00 $ 58,587.58 % 6.200000335
2A13 $ 51,666.67 $ 0.00 $ 51,666.67 % 6.200000400
2A14 $ 98,437.50 $ 0.00 $ 98,437.50 % 6.750000000
2R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2M $ 19,193.27 $ 0.00 $ 19,193.27 % 6.750000097
2B1 $ 7,873.73 $ 0.00 $ 7,873.73 % 6.749999770
2B2 $ 3,939.67 $ 0.00 $ 3,939.67 % 6.749998051
2B3 $ 3,939.67 $ 0.00 $ 3,939.67 % 6.749998051
2B4 $ 1,964.22 $ 0.00 $ 1,964.22 % 6.749987951
2B5 $ 3,450.67 $ 0.00 $ 3,450.67 % 6.749990256
20. Principal Distribution Amount: $ 4,353,306.70
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 2PO $ 69.98 $ 0.00
Class 2A1 $ 4,347,736.24 $ 0.00
Class 2A2 $ 0.00 $ 0.00
Class 2A3 $ 0.00 $ 0.00
Class 2A4 $ 0.00 $ 0.00
Class 2A5 $ 0.00 $ 0.00
Class 2A6 $ 0.00 $ 0.00
Class 2A7 $ 0.00 $ 0.00
Class 2A8 $ 0.00 $ 0.00
Class 2A9 $ 0.00 $ 0.00
Class 2A10 $ 0.00 $ 0.00
Class 2A11 $ 0.00 $ 0.00
Class 2A12 $ 0.00 $ 0.00
Class 2A13 $ 0.00 $ 0.00
Class 2A14 $ 0.00 $ 0.00
Class SUP2 $ 0.00 $ 0.00
Class 2R $ 0.00 $ 0.00
Class 2M $ 2,615.69 $ 0.00
Class 2B1 $ 1,073.04 $ 0.00
Class 2B2 $ 536.90 $ 0.00
Class 2B3 $ 536.90 $ 0.00
Class 2B4 $ 267.69 $ 0.00
Class 2B5 $ 470.26 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
------------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
------------------
24. Subordinate Certificate Writedown Amount: $ 0.00
------------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
2B1 $ 0.00 $ 0.00
2B2 $ 0.00 $ 0.00
2B3 $ 0.00 $ 0.00
2B4 $ 0.00 $ 0.00
2B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
-----------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied: Yes No
Class-2B1 X
Class-2B2 X
Class-2B3 X
Class-2B4 X
Class-2B5 X
2. Base Servicing Fee amount: $ 38,524.37
-------------
3. Supplemental Servicing Fee amount: $ 63,614.48
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category Category Category
A B C
5. Senior Percentage: % 95.840395 N/A N/A N/A
----------- ---- ------ ------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
8. Senior Prepayment Percentage:
%100.000000 N/A N/A N/A
----------- ---- ------ ------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
11. Junior Percentage: % 4.159605
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.22
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
August, 1998
Series 1998-08B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.445914
------------------------
Weighted average maturity 353.93
------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
2PO $ 1.11773068 $ 0.24756824 $ 0.00000000 % 0.00000000
2A1 $ 52.79607758 $ 51.25708432 $ 5.43298160 % 6.74999995
2A2 $ 0.00000000 $ 0.00000000 $ 5.83333355 % 7.00000026
2A3 $ 0.00000000 $ 0.00000000 $ 5.83333200 % 6.99999840
2A4 $ 0.00000000 $ 0.00000000 $ 5.83333455 % 7.00000145
2A5 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
2A6 $ 0.00000000 $ 0.00000000 $ 5.83333430 % 7.00000116
2A7 $ 0.00000000 $ 0.00000000 $ 5.83333241 % 6.99999890
2A8 $ 0.00000000 $ 0.00000000 $ 5.83333241 % 6.99999890
2A9 $ 0.00000000 $ 0.00000000 $ 5.83333241 % 6.99999890
2A10 $ 0.00000000 $ 0.00000000 $ 5.83333241 % 6.99999890
2A11 $ 0.00000000 $ 0.00000000 $ 5.83333241 % 6.99999890
2A12 $ 0.00000000 $ 0.00000000 $ 5.16666695 % 6.20000034
2A13 $ 0.00000000 $ 0.00000000 $ 5.16666700 % 6.20000040
2A14 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
2R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
2M $ 0.76482164 $ 0.00000000 $ 5.61206725 % 6.75000010
2B1 $ 0.76481825 $ 0.00000000 $ 5.61206700 % 6.74999977
2B2 $ 0.76481481 $ 0.00000000 $ 5.61206553 % 6.74999805
2B3 $ 0.76481481 $ 0.00000000 $ 5.61206553 % 6.74999805
2B4 $ 0.76482857 $ 0.00000000 $ 5.61205714 % 6.74998795
2B5 $ 0.76481579 $ 0.00000000 $ 5.61205910 % 6.74999026
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 38,524.37
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 168,209,404.65
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 533
---------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
2PO $ 62,407.94 $ 62,337.96 $ 995.67 GEC9882PO
2A1 $ 79,538,471.73 $ 75,190,735.49 $ 913.07 36157RFM2
2A2 $ 15,125,000.00 $ 15,125,000.00 $ 1,000.00 36157RFN0
2A3 $ 2,500,000.00 $ 2,500,000.00 $ 1,000.00 36157RFP5
2A4 $ 2,750,000.00 $ 2,750,000.00 $ 1,000.00 36157RFQ3
2A5 $ 4,125,000.00 $ 4,125,000.00 $ 1,000.00 36157RFR1
2A6 $ 4,321,969.00 $ 4,321,969.00 $ 1,000.00 36157RFS9
2A7 $ 3,625,000.00 $ 3,625,000.00 $ 1,000.00 36157RFT7
2A8 $ 3,625,000.00 $ 3,625,000.00 $ 1,000.00 36157RFU4
2A9 $ 3,625,000.00 $ 3,625,000.00 $ 1,000.00 36157RFV2
2A10 $ 3,625,000.00 $ 3,625,000.00 $ 1,000.00 36157RFW0
2A11 $ 3,625,000.00 $ 3,625,000.00 $ 1,000.00 36157RFX8
2A12 $ 11,339,531.00 $ 11,339,531.00 $ 1,000.00 36157RFY6
2A13 $ 10,000,000.00 $ 10,000,000.00 $ 1,000.00 36157RFZ3
2A14 $ 17,500,000.00 $ 17,500,000.00 $ 1,000.00 36157RGA7
SUP2 $ 168,174,681.08 $ 163,826,447.89 $ 958.12 GE988SUP2
2R $ 0.00 $ 0.00 $ 0.00 36157RGE9
2M $ 3,412,136.84 $ 3,409,521.15 $ 996.94 36157RGB5
2B1 $ 1,399,774.27 $ 1,398,701.22 $ 996.94 36157RGC3
2B2 $ 700,385.98 $ 699,849.08 $ 996.94 36157RGD1
2B3 $ 700,385.98 $ 699,849.08 $ 996.94 36158GCP1
2B4 $ 349,195.29 $ 348,927.60 $ 996.94 36158GCQ9
2B5 $ 613,453.33 $ 612,983.06 $ 996.94 36158GCR7
D. 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 delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- ---------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ---------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ---------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ---------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ---------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
--------------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
------------------
2. Bankruptcy Loss Amount: $ 0.00
------------------
3. Fraud Loss Amount: $ 0.00
------------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
------------
Exhibit 99.23
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
August, 1998
Series 1998-09, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (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 $ 593,158.26
------------------
(b) Interest $ 4,528,159.75
------------------
(c) Total $ 5,121,318.01
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 564,276.32
------------------
(b) Interest $ 4,306,819.39
------------------
(c) Total $ 4,871,095.71
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 28,881.94
------------------
(b) Interest $ 221,340.36
------------------
(c) Total $ 250,222.30
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 370,910.15
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 5,364,002.15
------------------
(b) Interest $ 32,983.94
------------------
(c) Total $ 5,396,986.09
------------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
------------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
------------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
12. Pool Scheduled Principal Balance: $ 734,562,673.95
-----------------
13. Available Funds: $ 10,490,997.35
-----------------
14. Realized Losses for prior month: $ 0.00
-----------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
------------------
17. Compensating Interest Payment: $ 8,129.97
------------------
18. Total interest payments: $ 4,162,926.80
------------------
19. Interest
Accrued Unpaid Class
Certificate Interest Interest
Class Interest Shortfalls Payable Pay-out Rate
- ----- -------- ---------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A1 $ 264,722.72 $ 0.00 $ 264,722.72 % 6.500000102
A2 $ 295,959.73 $ 0.00 $ 295,959.73 % 6.499999927
A3 $ 1,173,865.34 $ 0.00 $ 1,173,865.34 % 6.999999980
A4 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A5 $ 76,539.86 $ 0.00 $ 0.00 % 6.750000269
A6 $ 78,654.04 $ 0.00 $ 78,654.04 % 6.699999879
A7 $ 29,085.00 $ 0.00 $ 29,085.00 % 7.000000000
A8 $ 287,859.38 $ 0.00 $ 287,859.38 % 6.750000117
A10 $ 902,861.07 $ 0.00 $ 902,861.07 % 6.750000020
A11 $ 113,917.50 $ 0.00 $ 113,917.50 % 6.750000000
A12 $ 128,700.00 $ 0.00 $ 128,700.00 % 6.750000000
A13 $ 130,481.72 $ 0.00 $ 130,481.72 % 6.750000065
A14 $ 29,166.67 $ 0.00 $ 29,166.67 % 7.000000800
A15 $ 178,750.00 $ 0.00 $ 178,750.00 % 6.500000000
A9 $ 28,439.71 $ 0.00 $ 28,439.71 % 6.750000593
A16 $ 21,130.94 $ 0.00 $ 21,130.94 % 6.942857589
A17 $ 125,966.81 $ 0.00 $ 125,966.81 % 6.749999866
A18 $ 55,575.00 $ 0.00 $ 55,575.00 % 6.750000000
A19 $ 72,406.40 $ 0.00 $ 72,406.40 % 6.750000466
RL $ 0.00 $ 0.00 $ 0.00 % 0.000000000
M $ 78,090.08 $ 0.00 $ 78,090.08 % 6.750000009
B1 $ 33,768.83 $ 0.00 $ 33,768.83 % 6.749999006
B2 $ 18,993.21 $ 0.00 $ 18,993.21 % 6.749998334
B3 $ 16,887.23 $ 0.00 $ 16,887.23 % 6.750001826
B4 $ 8,440.80 $ 0.00 $ 8,440.80 % 6.749996206
B5 $ 12,664.75 $ 0.00 $ 12,664.75 % 6.749999913
20. Principal Distribution Amount: $ 6,328,070.55
----------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 999.57 $ 0.00
Class A1 $ 0.00 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 1,176,617.30 $ 0.00
Class A4 $ 43,578.42 $ 0.00
Class A5 $ 3,099,901.60 $ 76,539.86
Class A6 $ 0.00 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A8 $ 0.00 $ 0.00
Class A10 $ 2,059,486.54 $ 0.00
Class A11 $ 0.00 $ 0.00
Class A12 $ 0.00 $ 0.00
Class A13 $ 0.00 $ 0.00
Class A14 $ 0.00 $ 0.00
Class A15 $ 0.00 $ 0.00
Class A9 $ 0.00 $ 0.00
Class A16 $ 0.00 $ 0.00
Class A17 $ 0.00 $ 0.00
Class A18 $ 0.00 $ 0.00
Class A19 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class RL $ 0.00 $ 0.00
Class M $ 11,112.38 $ 0.00
Class B1 $ 4,805.38 $ 0.00
Class B2 $ 2,702.77 $ 0.00
Class B3 $ 2,403.09 $ 0.00
Class B4 $ 1,201.14 $ 0.00
Class B5 $ 1,802.22 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
------------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.01
------------------
24. Subordinate Certificate Writedown Amount: $ 0.00
------------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
------------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class A6 % 6.69999988
Class A16 % 6.94285759
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied: Yes No
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 163,622.09
-------------
3. Supplemental Servicing Fee amount: $ 244,764.28
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category Category Category
A B C
5. Senior Percentage: % 95.944082 N/A N/A N/A
----------- ---- ------ ------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
8. Senior Prepayment Percentage:
%100.000000 N/A N/A N/A
----------- ---- ------ ------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
11. Junior Percentage: % 4.055918
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President,
Investor Operations
Exhibit 99.24
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
August, 1998
Series 1998-09, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.392827
-------------------------
Weighted average maturity 353.04
-------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.10000000 % 0.00000000
PO $ 1.22341597 $ 0.28725925 $ 0.00000000 % 0.00000000
A1 $ 0.00000000 $ 0.00000000 $ 5.41666675 % 6.50000010
A2 $ 0.00000000 $ 0.00000000 $ 5.41666661 % 6.49999993
A3 $ 5.79555296 $ 5.27294870 $ 5.78199789 % 6.99999998
A4 $ 5.52384994 $ 5.02574616 $ 0.00000000 % 0.00000000
A5 $ 159.54925735 $ 148.83711743 $ 4.03917191 % 6.75000027
A6 $ 0.00000000 $ 0.00000000 $ 5.58333323 % 6.69999988
A7 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
A8 $ 0.00000000 $ 0.00000000 $ 5.62500010 % 6.75000012
A10 $ 12.55781543 $ 11.42543551 $ 5.50523757 % 6.75000002
A11 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
A12 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
A13 $ 0.00000000 $ 0.00000000 $ 5.62500005 % 6.75000006
A14 $ 0.00000000 $ 0.00000000 $ 5.83333400 % 7.00000080
A15 $ 0.00000000 $ 0.00000000 $ 5.41666667 % 6.50000000
A9 $ 0.00000000 $ 0.00000000 $ 5.62500049 % 6.75000059
A16 $ 0.00000000 $ 0.00000000 $ 5.78571466 % 6.94285759
A17 $ 0.00000000 $ 0.00000000 $ 5.62499989 % 6.74999987
A18 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
A19 $ 0.00000000 $ 0.00000000 $ 5.62500039 % 6.75000047
RL $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
M $ 0.79916433 $ 0.00000000 $ 5.61597123 % 6.75000001
B1 $ 0.79916514 $ 0.00000000 $ 5.61597040 % 6.74999901
B2 $ 0.79916322 $ 0.00000000 $ 5.61596984 % 6.74999833
B3 $ 0.79916528 $ 0.00000000 $ 5.61597273 % 6.75000183
B4 $ 0.79916168 $ 0.00000000 $ 5.61596806 % 6.74999621
B5 $ 0.79916426 $ 0.00000000 $ 5.61597114 % 6.74999991
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
A5 $ 76,539.86
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 163,622.09
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 734,562,673.95
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 2,408
-----------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36158GDQ8
PO $ 814,869.80 $ 813,870.23 $ 996.13 GEC9809PO
A1 $ 48,871,886.00 $ 48,871,886.00 $ 1,000.00 36158GCS5
A2 $ 54,638,720.00 $ 54,638,720.00 $ 1,000.00 36158GCT3
A3 $ 201,234,058.86 $ 200,057,441.56 $ 985.40 36158GCU0
A4 $ 7,822,966.58 $ 7,779,388.16 $ 986.09 36158GCV8
A5 $ 13,607,085.68 $ 10,583,723.94 $ 558.53 36158GCW6
A6 $ 14,087,291.00 $ 14,087,291.00 $ 1,000.00 36158GCX4
A7 $ 4,986,000.00 $ 4,986,000.00 $ 1,000.00 36158GCY2
A8 $ 51,175,000.00 $ 51,175,000.00 $ 1,000.00 36158GCZ9
A10 $ 160,508,634.18 $ 158,449,147.64 $ 966.15 36158GDB1
A11 $ 20,252,000.00 $ 20,252,000.00 $ 1,000.00 36158GDC9
A12 $ 22,880,000.00 $ 22,880,000.00 $ 1,000.00 36158GDD7
A13 $ 23,196,750.00 $ 23,196,750.00 $ 1,000.00 36158GDE5
A14 $ 5,000,000.00 $ 5,000,000.00 $ 1,000.00 36158GDF2
A15 $ 33,000,000.00 $ 33,000,000.00 $ 1,000.00 36158GDG0
A9 $ 5,055,948.00 $ 5,055,948.00 $ 1,000.00 36158GDA3
A16 $ 3,652,261.00 $ 3,652,261.00 $ 1,000.00 36158GDH8
A17 $ 22,394,100.00 $ 22,394,100.00 $ 1,000.00 36158GDJ4
A18 $ 9,880,000.00 $ 9,880,000.00 $ 1,000.00 36158GDK1
A19 $ 12,872,248.00 $ 12,872,248.00 $ 1,000.00 36158GDL9
SUP $ 703,435,178.25 $ 697,149,475.59 $ 976.29 GEC98009S
RL $ 0.00 $ 0.00 $ 0.00 36158GDR6
M $ 13,882,680.87 $ 13,871,568.49 $ 997.60 36158GDM7
B1 $ 6,003,348.44 $ 5,998,543.06 $ 997.60 36158GDN5
B2 $ 3,376,571.50 $ 3,373,868.72 $ 997.60 36158GDP0
B3 $ 3,002,173.41 $ 2,999,770.33 $ 997.60 36158GDS4
B4 $ 1,500,587.51 $ 1,499,386.36 $ 997.60 36158GDT2
B5 $ 2,251,511.14 $ 2,249,708.92 $ 997.60 36158GDU9
D. 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 delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- ---------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ---------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ----------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ----------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ---------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
---------------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
A6 % 6.69999988
A16 % 6.94285759
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
------------------
2. Bankruptcy Loss Amount: $ 0.00
------------------
3. Fraud Loss Amount: $ 0.00
------------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
------------
F. Ending Notional Component Balances (if applicable):
Ending Notional Balance
Class
Class A4_1 $ 0.00
Class A4_2 $ 0.00
Class A4_3 $ 0.00
Ending Component Principal Balances (if applicable):
Ending Component Balance
Class
Class A4_1 $ 7,409,535.16
Class A4_2 $ 185,186.00
Class A4_3 $ 184,667.00
Exhibit 99.25
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
August, 1998
Series 1998-10A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (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 $ 386,250.40
------------------
(b) Interest $ 3,023,016.39
------------------
(c) Total $ 3,409,266.79
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 326,431.58
------------------
(b) Interest $ 2,552,755.49
------------------
(c) Total $ 2,879,187.07
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 59,818.82
------------------
(b) Interest $ 470,260.90
------------------
(c) Total $ 530,079.72
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 110,122.77
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 3,969,889.00
------------------
(b) Interest $ 22,869.47
------------------
(c) Total $ 3,992,758.47
------------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
------------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
------------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
12. Pool Scheduled Principal Balance: $ 489,144,953.07
-----------------
13. Available Funds: $ 7,239,265.38
-----------------
14. Realized Losses for prior month: $ 0.00
-----------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
------------------
17. Compensating Interest Payment: $ 2,191.88
------------------
18. Total interest payments: $ 2,773,003.21
------------------
19. Interest
Accrued Unpaid Class
Certificate Interest Interest
Class Interest Shortfalls Payable Pay-out Rate
- ----- -------- ---------- ------- ------------
PO1 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A1 $ 554,404.96 $ 0.00 $ 554,404.96 % 6.650000020
1A2 $ 189,583.33 $ 0.00 $ 189,583.33 % 6.499999886
1A3 $ 152,160.00 $ 0.00 $ 152,160.00 % 6.400000000
1A4 $ 23,949.83 $ 0.00 $ 23,949.83 % 6.749999058
1A5 $ 1,115,457.14 $ 0.00 $ 1,115,457.14 % 6.999999978
1A6 $ 90,147.30 $ 0.00 $ 0.00 % 6.999999795
1A7 $ 77,594.07 $ 0.00 $ 0.00 % 6.999999917
1A8 $ 6,727.81 $ 0.00 $ 0.00 % 7.000000408
1A9 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A10 $ 449,949.38 $ 0.00 $ 449,949.38 % 6.750000075
1R $ 0.56 $ 0.00 $ 0.56 % 49.920000000
1RL $ 0.56 $ 0.00 $ 0.56 % 6.720000000
1M $ 52,271.20 $ 0.00 $ 52,271.20 % 6.749999701
1B1 $ 22,605.74 $ 0.00 $ 22,605.74 % 6.750001045
1B2 $ 12,715.38 $ 0.00 $ 12,715.38 % 6.750002269
1B3 $ 11,300.06 $ 0.00 $ 11,300.06 % 6.749999951
1B4 $ 5,650.03 $ 0.00 $ 5,650.03 % 6.749999985
1B5 $ 8,482.26 $ 0.00 $ 8,482.26 % 6.749996926
20. Principal Distribution Amount: $ 4,466,262.17
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class PO1 $ 685.11 $ 0.00
Class 1A1 $ 0.00 $ 0.00
Class 1A2 $ 0.00 $ 0.00
Class 1A3 $ 0.00 $ 0.00
Class 1A4 $ 0.00 $ 0.00
Class 1A5 $ 995,651.90 $ 0.00
Class 1A6 $ 3,469,738.82 $ 90,147.30
Class 1A7 $ 0.00 $ 77,594.07
Class 1A8 $ 0.00 $ 6,727.81
Class 1A9 $ 158,935.44 $ 0.00
Class 1A10 $ 0.00 $ 0.00
Class SUP1 $ 0.00 $ 0.00
Class 1R $ 0.00 $ 0.00
Class 1RL $ 0.00 $ 0.00
Class 1M $ 7,270.16 $ 0.00
Class 1B1 $ 3,144.13 $ 0.00
Class 1B2 $ 1,768.52 $ 0.00
Class 1B3 $ 1,571.67 $ 0.00
Class 1B4 $ 785.84 $ 0.00
Class 1B5 $ 1,179.76 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
------------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
------------------
24. Subordinate Certificate Writedown Amount: $ 0.00
------------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
1B1 $ 0.00 $ 0.00
1B2 $ 0.00 $ 0.00
1B3 $ 0.00 $ 0.00
1B4 $ 0.00 $ 0.00
1B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
-----------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied: Yes No
Class-1B1 X
Class-1B2 X
Class-1B3 X
Class-1B4 X
Class-1B5 X
2. Base Servicing Fee amount: $ 110,766.33
-------------
3. Supplemental Servicing Fee amount: $ 170,991.14
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category Category Category
A B C
5. Senior Percentage: % 95.924106 N/A N/A N/A
----------- ---- ------ ------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
8. Senior Prepayment Percentage:
% 100.000000 N/A N/A N/A
----------- ---- ------ ------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
11. Junior Percentage: % 4.075894
-----------
12. Junior Prepayment Percentage:
% 100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.26
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
August, 1998
Series 1998-10A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.414489
------------------------
Weighted average maturity 354.49
------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
PO1 $ 1.08040724 $ 0.18747181 $ 0.00000000 % 0.00000000
1A1 $ 0.00000000 $ 0.00000000 $ 5.54166668 % 6.65000002
1A2 $ 0.00000000 $ 0.00000000 $ 5.41666657 % 6.49999989
1A3 $ 0.00000000 $ 0.00000000 $ 5.33333333 % 6.40000000
1A4 $ 0.00000000 $ 0.00000000 $ 5.62499941 % 6.74999906
1A5 $ 5.16149248 $ 4.73236252 $ 5.78256682 % 6.99999998
1A6 $ 146.62002256 $ 138.01572278 $ 3.91094577 % 6.99999979
1A7 $ 0.00000000 $ 0.00000000 $ 5.90158731 % 6.99999992
1A8 $ 0.00000000 $ 0.00000000 $ 5.90158772 % 7.00000041
1A9 $ 18.63689493 $ 17.08741205 $ 0.00000000 % 0.00000000
1A10 $ 0.00000000 $ 0.00000000 $ 5.62500006 % 6.75000008
1R $ 0.00000000 $ 0.00000000 $ 41.60000000 % 49.92000000
1RL $ 0.00000000 $ 0.00000000 $ 5.60000000 % 6.72000000
1M $ 0.78114967 $ 0.00000000 $ 5.61633179 % 6.74999970
1B1 $ 0.78115031 $ 0.00000000 $ 5.61633292 % 6.75000105
1B2 $ 0.78114841 $ 0.00000000 $ 5.61633392 % 6.75000227
1B3 $ 0.78114811 $ 0.00000000 $ 5.61633201 % 6.74999995
1B4 $ 0.78115308 $ 0.00000000 $ 5.61633201 % 6.74999999
1B5 $ 0.78115041 $ 0.00000000 $ 5.61632947 % 6.74999693
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
1A6 $ 90,147.30
1A7 $ 77,594.07
1A8 $ 6,727.81
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 110,766.33
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 489,144,953.07
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,591
--------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
PO1 $ 632,864.66 $ 632,179.55 $ 996.94 GEC9810P1
1A1 $ 100,043,000.00 $ 100,043,000.00 $ 1,000.00 36158GDV7
1A2 $ 35,000,000.00 $ 35,000,000.00 $ 1,000.00 36158GDW5
1A3 $ 28,530,000.00 $ 28,530,000.00 $ 1,000.00 36158GDX3
1A4 $ 4,257,748.15 $ 4,257,748.15 $ 1,000.00 36158GDY1
1A5 $ 191,221,224.61 $ 190,225,572.71 $ 986.14 36158GDZ8
1A6 $ 15,453,823.31 $ 12,074,231.79 $ 523.83 36158GEA2
1A7 $ 13,301,840.73 $ 13,379,434.80 $ 1,017.60 36158GEB0
1A8 $ 1,153,338.79 $ 1,160,066.60 $ 1,017.60 36158GEC8
1A9 $ 8,190,648.72 $ 8,031,713.27 $ 941.81 36158GED6
1A10 $ 79,991,000.00 $ 79,991,000.00 $ 1,000.00 36158GEE4
SUP1 $ 463,048,386.96 $ 458,613,681.74 $ 970.68 GEC9810S1
1R $ 100.00 $ 100.00 $ 1,000.00 36158GEF1
1RL $ 100.00 $ 100.00 $ 1,000.00 36158GEG9
1M $ 9,292,658.19 $ 9,285,388.04 $ 997.68 36157RGR0
1B1 $ 4,018,797.60 $ 4,015,653.47 $ 997.68 36157RGS8
1B2 $ 2,260,511.24 $ 2,258,742.72 $ 997.68 36157RGT6
1B3 $ 2,008,899.57 $ 2,007,327.90 $ 997.68 36157RHH1
1B4 $ 1,004,449.78 $ 1,003,663.94 $ 997.68 36157RHJ7
1B5 $ 1,507,958.02 $ 1,506,778.26 $ 997.68 36157RHK4
D. 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 delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- ---------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ---------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ---------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ---------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ---------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
--------------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
------------------
2. Bankruptcy Loss Amount: $ 0.00
------------------
3. Fraud Loss Amount: $ 0.00
------------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.27
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
August, 1998
Series 1998-10B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (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 $ 489,447.66
------------------
(b) Interest $ 873,668.73
------------------
(c) Total $ 1,363,116.39
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 372,762.15
------------------
(b) Interest $ 669,335.06
------------------
(c) Total $ 1,042,097.21
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 116,685.51
------------------
(b) Interest $ 204,333.67
------------------
(c) Total $ 321,019.18
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 121,694.57
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 469,150.36
------------------
(b) Interest $ 2,635.65
------------------
(c) Total $ 471,786.01
------------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
------------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
------------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
12. Pool Scheduled Principal Balance: $ 147,711,080.09
-----------------
13. Available Funds: $ 1,883,709.30
-----------------
14. Realized Losses for prior month: $ 0.00
-----------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
------------------
17. Compensating Interest Payment: $ 1,428.99
------------------
18. Total interest payments: $ 803,416.70
------------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
PO2 $ 0.00 $ 0.00 $ 0.00 %0.000000000
2A1 $ 172,060.42 $ 0.00 $ 172,060.42 %6.500000126
2A2 $ 162,147.92 $ 0.00 $ 162,147.92 %6.500000134
2A3 $ 285,426.19 $ 0.00 $ 285,426.19 %6.500000048
2A4 $ 3,379.09 $ 0.00 $ 0.00 %6.500003959
2A5 $ 2,318.60 $ 0.00 $ 0.00 %6.500003656
2A6 $ 108,109.92 $ 0.00 $ 108,109.92 %6.499999844
2A7 $ 50,456.25 $ 0.00 $ 50,456.25 %6.500000000
2R $ 0.54 $ 0.00 $ 0.54 %6.480000000
2M $ 7,318.85 $ 0.00 $ 7,318.85 %6.499997584
2B1 $ 4,063.04 $ 0.00 $ 4,063.04 %6.500000713
2B2 $ 2,034.21 $ 0.00 $ 2,034.21 %6.499998296
2B3 $ 3,250.43 $ 0.00 $ 3,250.43 %6.499996692
2B4 $ 1,221.60 $ 0.00 $ 1,221.60 %6.499985988
2B5 $ 1,629.64 $ 0.00 $ 1,629.64 %6.499991474
20. Principal Distribution Amount: $ 1,080,292.60
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class PO2 $ 1,813.96 $ 0.00
Class 2A1 $ 0.00 $ 0.00
Class 2A2 $ 0.00 $ 0.00
Class 2A3 $ 516,234.08 $ 0.00
Class 2A4 $ 141,587.04 $ 3,379.09
Class 2A5 $ 318,227.92 $ 2,318.60
Class 2A6 $ 96,276.67 $ 0.00
Class 2A7 $ 0.00 $ 0.00
Class SUP2 $ 0.00 $ 0.00
Class 2R $ 0.00 $ 0.00
Class 2M $ 4,443.79 $ 0.00
Class 2B1 $ 2,466.96 $ 0.00
Class 2B2 $ 1,235.11 $ 0.00
Class 2B3 $ 1,973.57 $ 0.00
Class 2B4 $ 741.72 $ 0.00
Class 2B5 $ 989.47 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
-----------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
-----------------
24. Subordinate Certificate Writedown Amount: $ 0.00
-----------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
2B1 $ 0.00 $ 0.00
2B2 $ 0.00 $ 0.00
2B3 $ 0.00 $ 0.00
2B4 $ 0.00 $ 0.00
2B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
-----------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied: Yes No
Class-2B1 X
Class-2B2 X
Class-2B3 X
Class-2B4 X
Class-2B5 X
2. Base Servicing Fee amount: $ 34,774.88
-------------
3. Supplemental Servicing Fee amount: $ 41,450.02
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category Category Category
A B C
5. Senior Percentage: % 97.570653 N/A N/A N/A
----------- ---- ------ ------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
8. Senior Prepayment Percentage:
%100.000000 N/A N/A N/A
----------- ---- ------ ------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
11. Junior Percentage: % 2.429347
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.28
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
August, 1998
Series 1998-10B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.073531
-----------------------
Weighted average maturity 174.29
-----------------------
A. Amount of distribution allocable to principal and interest: The amounts
below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
PO2 $ 3.84379523 $ 0.37512794 $ 0.00000000 % 0.00000000
2A1 $ 0.00000000 $ 0.00000000 $ 5.41666677 % 6.50000013
2A2 $ 0.00000000 $ 0.00000000 $ 5.41666678 % 6.50000013
2A3 $ 9.62494789 $ 5.33001920 $ 5.32164053 % 6.50000005
2A4 $ 172.75993750 $ 98.00853750 $ 4.22386250 % 6.50000396
2A5 $ 225.64951429 $ 125.87532857 $ 1.65614286 % 6.50000366
2A6 $ 4.77799851 $ 2.64591811 $ 5.36525658 % 6.49999984
2A7 $ 0.00000000 $ 0.00000000 $ 5.41666667 % 6.50000000
2R $ 0.00000000 $ 0.00000000 $ 5.40000000 % 6.48000000
2M $ 3.26749265 $ 0.00000000 $ 5.38150735 % 6.49999758
2B1 $ 3.26749669 $ 0.00000000 $ 5.38150993 % 6.50000071
2B2 $ 3.26748677 $ 0.00000000 $ 5.38150794 % 6.49999830
2B3 $ 3.26750000 $ 0.00000000 $ 5.38150662 % 6.49999669
2B4 $ 3.26748899 $ 0.00000000 $ 5.38149780 % 6.49998599
2B5 $ 3.26749157 $ 0.00000000 $ 5.38150219 % 6.49999147
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
2A4 $ 3,379.09
2A5 $ 2,318.60
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 34,774.88
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 147,711,080.09
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 456
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
PO2 $ 468,289.37 $ 466,475.41 $ 988.46 GEC9810P2
2A1 $ 31,765,000.00 $ 31,765,000.00 $ 1,000.00 36158GEH7
2A2 $ 29,935,000.00 $ 29,935,000.00 $ 1,000.00 36158GEJ3
2A3 $ 52,694,065.46 $ 52,177,831.38 $ 972.83 36158GEK0
2A4 $ 623,831.62 $ 485,623.67 $ 607.03 36158GEL8
2A5 $ 428,048.99 $ 112,139.67 $ 80.10 36158GEM6
2A6 $ 19,958,754.94 $ 19,862,478.27 $ 985.73 36158GEN4
2A7 $ 9,315,000.00 $ 9,315,000.00 $ 1,000.00 36158GEP9
SUP2 $ 135,179,283.03 $ 134,157,399.61 $ 976.54 GEC9810S2
2R $ 100.00 $ 100.00 $ 1,000.00 36158GEQ7
2M $ 1,351,172.81 $ 1,346,729.02 $ 990.24 36157RHD0
2B1 $ 750,099.61 $ 747,632.65 $ 990.24 36157RHE8
2B2 $ 375,546.56 $ 374,311.45 $ 990.24 36157RHF5
2B3 $ 600,079.69 $ 598,106.13 $ 990.24 36157RHL2
2B4 $ 225,526.64 $ 224,784.92 $ 990.24 36157RHM0
2B5 $ 300,857.01 $ 299,867.54 $ 990.24 36157RHN8
D. 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 delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- ---------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ---------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ---------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ---------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ---------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
---------------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
------------------
2. Bankruptcy Loss Amount: $ 0.00
------------------
3. Fraud Loss Amount: $ 0.00
------------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.29
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
August, 1998
Series 1998-11A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (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 $ 404,177.38
------------------
(b) Interest $ 3,165,393.55
------------------
(c) Total $ 3,569,570.93
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 371,905.57
------------------
(b) Interest $ 2,907,730.82
------------------
(c) Total $ 3,279,636.39
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 32,271.81
------------------
(b) Interest $ 257,662.73
------------------
(c) Total $ 289,934.54
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 225,337.32
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 2,472,602.29
------------------
(b) Interest $ 15,467.58
------------------
(c) Total $ 2,488,069.87
------------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
------------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
------------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
12. Pool Scheduled Principal Balance: $ 512,203,883.61
-----------------
13. Available Funds: $ 5,998,337.68
-----------------
14. Realized Losses for prior month: $ 0.00
-----------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
------------------
17. Compensating Interest Payment: $ 3,104.72
------------------
18. Total interest payments: $ 2,896,220.69
------------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
1PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
1A1 $ 1,068,570.28 $ 0.00 $ 1,068,570.28 %6.750000025
1A2 $ 278,033.02 $ 0.00 $ 278,033.02 %6.750000050
1A3 $ 28,350.00 $ 0.00 $ 28,350.00 %7.000000000
1A4 $ 23,216.67 $ 0.00 $ 23,216.67 %7.000001005
1A5 $ 23,216.67 $ 0.00 $ 23,216.67 %7.000001005
1A6 $ 23,216.67 $ 0.00 $ 23,216.67 %7.000001005
1A7 $ 91,000.00 $ 0.00 $ 91,000.00 %6.500000000
1A8 $ 233,573.17 $ 0.00 $ 233,573.17 %6.750000018
1A9 $ 17,905.10 $ 0.00 $ 17,905.10 %6.750001652
1A10 $ 55,800.00 $ 0.00 $ 55,800.00 %6.750000000
1A11 $ 286,875.00 $ 0.00 $ 286,875.00 %6.750000000
1A12 $ 197,528.60 $ 0.00 $ 197,528.60 %6.749999966
1A13 $ 82,763.02 $ 0.00 $ 82,763.02 %6.749999664
1A14 $ 0.00 $ 0.00 $ 0.00 %0.000000000
1A15 $ 255,997.45 $ 0.00 $ 255,997.45 %6.749999948
1A16 $ 109,707.18 $ 0.00 $ 109,707.18 %6.750000040
1A17 $ 4,050.00 $ 0.00 $ 4,050.00 %6.750000000
1R $ 0.00 $ 0.00 $ 0.00 %0.000000000
1M $ 53,840.04 $ 0.00 $ 53,840.04 %6.750000244
1B1 $ 23,286.28 $ 0.00 $ 23,286.28 %6.749999953
1B2 $ 13,096.07 $ 0.00 $ 13,096.07 %6.749998151
1B3 $ 11,640.33 $ 0.00 $ 11,640.33 %6.750000130
1B4 $ 5,822.98 $ 0.00 $ 5,822.98 %6.750005571
1B5 $ 8,732.07 $ 0.00 $ 8,732.07 %6.750001217
20. Principal Distribution Amount: $ 3,102,116.97
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
Class 1PO $ 480.81 $ 0.00
Class 1A1 $ 1,656,464.35 $ 0.00
Class 1A2 $ 313,282.17 $ 0.00
Class 1A3 $ 0.00 $ 0.00
Class 1A4 $ 0.00 $ 0.00
Class 1A5 $ 0.00 $ 0.00
Class 1A6 $ 0.00 $ 0.00
Class 1A7 $ 0.00 $ 0.00
Class 1A8 $ 0.00 $ 0.00
Class 1A9 $ 114,255.34 $ 0.00
Class 1A10 $ 0.00 $ 0.00
Class 1A11 $ 0.00 $ 0.00
Class 1A12 $ 96,266.69 $ 0.00
Class 1A13 $ 338,232.65 $ 0.00
Class 1A14 $ 0.00 $ 0.00
Class 1A15 $ 125,601.95 $ 0.00
Class 1A16 $ 441,301.97 $ 0.00
Class 1A17 $ 0.00 $ 0.00
Class SUP1 $ 0.00 $ 0.00
Class 1R $ 0.00 $ 0.00
Class 1M $ 7,506.42 $ 0.00
Class 1B1 $ 3,246.59 $ 0.00
Class 1B2 $ 1,825.86 $ 0.00
Class 1B3 $ 1,622.90 $ 0.00
Class 1B4 $ 811.84 $ 0.00
Class 1B5 $ 1,217.43 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
----------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
----------------
24. Subordinate Certificate Writedown Amount: $ 0.00
----------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
1B1 $ 0.00 $ 0.00
1B2 $ 0.00 $ 0.00
1B3 $ 0.00 $ 0.00
1B4 $ 0.00 $ 0.00
1B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
----------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied: Yes No
Class-1B1 X
Class-1B2 X
Class-1B3 X
Class-1B4 X
Class-1B5 X
2. Base Servicing Fee amount: $ 114,210.35
-----------
3. Supplemental Servicing Fee amount: $ 179,062.78
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category A Category B Category C
5. Senior Percentage: % N/A N/A N/A N/A
---- ------ -------- --------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
---- ------ -------- --------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
---- ------ -------- --------
8. Senior Prepayment Percentage:
% N/A N/A N/A N/A
---- ------ -------- --------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
---- ------ -------- --------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
---- ------ -------- --------
11. Junior Percentage: % N/A
----
12. Junior Prepayment Percentage:
% N/A
----
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President,
Investor Operations
Exhibit 99.30
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
August, 1998
Series 1998-11A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.411403
-----------------------
Weighted average maturity 354.77
-----------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
1PO $ 1.13725815 $ 0.22858224 $ 0.00000000 % 0.00000000
1A1 $ 8.65898772 $ 7.57131986 $ 5.58583523 % 6.75000003
1A2 $ 6.30600181 $ 5.51389593 $ 5.59647786 % 6.75000005
1A3 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
1A4 $ 0.00000000 $ 0.00000000 $ 5.83333417 % 7.00000101
1A5 $ 0.00000000 $ 0.00000000 $ 5.83333417 % 7.00000101
1A6 $ 0.00000000 $ 0.00000000 $ 5.83333417 % 7.00000101
1A7 $ 0.00000000 $ 0.00000000 $ 5.41666667 % 6.50000000
1A8 $ 0.00000000 $ 0.00000000 $ 5.62500002 % 6.75000002
1A9 $ 34.88712672 $ 30.50490687 $ 5.46720611 % 6.75000165
1A10 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1A11 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1A12 $ 2.73484915 $ 2.39132074 $ 5.61160795 % 6.74999997
1A13 $ 22.70017785 $ 19.84877651 $ 5.55456510 % 6.74999966
1A14 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
1A15 $ 2.75322117 $ 2.40738514 $ 5.61151797 % 6.74999995
1A16 $ 22.23183728 $ 19.43926448 $ 5.52681008 % 6.75000004
1A17 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1R $ 0.00000000 $ 0.00000000 $5339.80000000 % 0.00000000
1M $ 0.78363295 $ 0.00000000 $ 5.62063263 % 6.75000024
1B1 $ 0.78363263 $ 0.00000000 $ 5.62063239 % 6.74999995
1B2 $ 0.78363090 $ 0.00000000 $ 5.62063090 % 6.74999815
1B3 $ 0.78363110 $ 0.00000000 $ 5.62063254 % 6.75000013
1B4 $ 0.78362934 $ 0.00000000 $ 5.62063707 % 6.75000557
1B5 $ 0.78363181 $ 0.00000000 $ 5.62063346 % 6.75000122
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 114,210.35
----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 512,203,883.61
----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,649
----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
1PO $ 422,341.27 $ 421,860.47 $ 997.83 GE98111PO
1A1 $ 189,968,049.07 $ 188,311,584.72 $ 984.38 36157RJC0
1A2 $ 49,428,092.08 $ 49,114,809.91 $ 988.62 36157RJD8
1A3 $ 4,860,000.00 $ 4,860,000.00 $ 1,000.00 36157RJE6
1A4 $ 3,980,000.00 $ 3,980,000.00 $ 1,000.00 36157RJF3
1A5 $ 3,980,000.00 $ 3,980,000.00 $ 1,000.00 36157RJG1
1A6 $ 3,980,000.00 $ 3,980,000.00 $ 1,000.00 36157RJH9
1A7 $ 16,800,000.00 $ 16,800,000.00 $ 1,000.00 36157RJJ5
1A8 $ 41,524,119.00 $ 41,524,119.00 $ 1,000.00 36157RJK2
1A9 $ 3,183,128.11 $ 3,068,872.77 $ 937.06 36157RJL0
1A10 $ 9,920,000.00 $ 9,920,000.00 $ 1,000.00 36157RJM8
1A11 $ 51,000,000.00 $ 51,000,000.00 $ 1,000.00 36157RJN6
1A12 $ 35,116,195.73 $ 35,019,929.04 $ 994.88 36157RJP1
1A13 $ 14,713,426.51 $ 14,375,193.85 $ 964.78 36157RJQ9
1A14 $ 0.00 $ 0.00 $ 0.00 36157RJR7
1A15 $ 45,510,658.13 $ 45,385,056.18 $ 994.85 36157RJS5
1A16 $ 19,503,498.55 $ 19,062,196.57 $ 960.31 36157RJT3
1A17 $ 720,000.00 $ 720,000.00 $ 1,000.00 36157RJU0
SUP1 $ 491,967,643.07 $ 488,893,500.92 $ 988.78 G9811SUP1
1R $ 0.00 $ 0.00 $ 0.00 36157RJY2
1M $ 9,571,562.32 $ 9,564,055.90 $ 998.44 36157RJV8
1B1 $ 4,139,783.14 $ 4,136,536.55 $ 998.44 36157RJW6
1B2 $ 2,328,190.86 $ 2,326,364.99 $ 998.44 36157RJX4
1B3 $ 2,069,391.96 $ 2,067,769.06 $ 998.44 36157RLG8
1B4 $ 1,035,195.59 $ 1,034,383.75 $ 998.44 36157RLH6
1B5 $ 1,552,367.72 $ 1,551,150.29 $ 998.44 36157RLJ2
D. 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 delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- ---------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ---------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ---------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ---------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ---------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
---------------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
------------------
2. Bankruptcy Loss Amount: $ 0.00
------------------
3. Fraud Loss Amount: $ 0.00
------------------
4. Certificate Interest Rate of the Class S Certificate:% 0.00000000
-----------
Exhibit 99.31
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
August, 1998
Series 1998-11B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (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 $ 191,878.03
------------------
(b) Interest $ 1,514,059.45
------------------
(c) Total $ 1,705,937.48
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 176,736.39
------------------
(b) Interest $ 1,390,067.76
------------------
(c) Total $ 1,566,804.15
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 15,141.64
------------------
(b) Interest $ 123,991.69
------------------
(c) Total $ 139,133.33
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 70,460.91
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 2,310,548.05
------------------
(b) Interest $ 15,326.48
------------------
(c) Total $ 2,325,874.53
------------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
------------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
------------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 167,618.73
------------------
(b) Interest $ 1,029.67
------------------
(c) Total $ 168,648.40
------------------
12. Pool Scheduled Principal Balance: $ 244,148,050.23
-----------------
13. Available Funds: $ 4,130,287.12
-----------------
14. Realized Losses for prior month: $ 0.00
-----------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
------------------
17. Compensating Interest Payment: $ 1,365.47
------------------
18. Total interest payments: $ 1,389,781.39
------------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
2PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
2A1 $ 130,207.14 $ 0.00 $ 130,207.14 %6.750000085
2A2 $ 40,484.17 $ 0.00 $ 40,484.17 %6.500000535
2A3 $ 57,242.90 $ 0.00 $ 57,242.90 %6.699999955
2A4 $ 140,089.68 $ 0.00 $ 140,089.68 %6.750000000
2A5 $ 135,162.09 $ 0.00 $ 135,162.09 %6.749999958
2A6 $ 54,073.70 $ 0.00 $ 54,073.70 %6.500000249
2A7 $ 15,378.69 $ 0.00 $ 15,378.69 %6.942856750
2A8 $ 10,208.33 $ 0.00 $ 10,208.33 %6.999997714
2A9 $ 11,666.67 $ 0.00 $ 11,666.67 %8.000002286
2A10 $ 413,531.91 $ 0.00 $ 413,531.91 %6.750000045
2A11 $ 250,312.50 $ 0.00 $ 250,312.50 %6.750000000
2A12 $ 29,752.86 $ 0.00 $ 29,752.86 %6.750000106
2A13 $ 2,079.76 $ 0.00 $ 2,079.76 %0.250000287
2A14 $ 14,530.83 $ 0.00 $ 14,530.83 %6.999998394
2A15 $ 14,530.83 $ 0.00 $ 14,530.83 %6.999998394
2A16 $ 14,536.67 $ 0.00 $ 14,536.67 %7.000001605
2R $ 0.00 $ 0.00 $ 0.00 %0.000000000
2RL $ 0.00 $ 0.00 $ 0.00 %0.000000000
2M $ 25,894.39 $ 0.00 $ 25,894.39 %6.749999576
2B1 $ 11,196.36 $ 0.00 $ 11,196.36 %6.750000305
2B2 $ 6,300.76 $ 0.00 $ 6,300.76 %6.749997295
2B3 $ 5,598.18 $ 0.00 $ 5,598.18 %6.750000339
2B4 $ 2,799.09 $ 0.00 $ 2,799.09 %6.750000271
2B5 $ 4,203.88 $ 0.00 $ 4,203.88 %6.750001756
20. Principal Distribution Amount: $ 2,740,505.73
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 2PO $ 248.69 $ 0.00
Class 2A1 $ 38,372.70 $ 0.00
Class 2A2 $ 0.00 $ 0.00
Class 2A3 $ 1,750,563.99 $ 0.00
Class 2A4 $ 0.00 $ 0.00
Class 2A5 $ 123,256.69 $ 0.00
Class 2A6 $ 21,994.45 $ 0.00
Class 2A7 $ 453,850.02 $ 0.00
Class 2A8 $ 0.00 $ 0.00
Class 2A9 $ 0.00 $ 0.00
Class 2A10 $ 234,786.39 $ 0.00
Class 2A11 $ 0.00 $ 0.00
Class 2A12 $ 109,697.34 $ 0.00
Class 2A13 $ 0.00 $ 0.00
Class 2A14 $ 0.00 $ 0.00
Class 2A15 $ 0.00 $ 0.00
Class 2A16 $ 0.00 $ 0.00
Class SUP2 $ 0.00 $ 0.00
Class 2R $ 0.00 $ 0.00
Class 2RL $ 0.00 $ 0.00
Class 2M $ 3,577.34 $ 0.00
Class 2B1 $ 1,546.79 $ 0.00
Class 2B2 $ 870.46 $ 0.00
Class 2B3 $ 773.40 $ 0.00
Class 2B4 $ 386.70 $ 0.00
Class 2B5 $ 580.77 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
-----------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
-----------------
24. Subordinate Certificate Writedown Amount: $ 0.00
-----------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
2B1 $ 0.00 $ 0.00
2B2 $ 0.00 $ 0.00
2B3 $ 0.00 $ 0.00
2B4 $ 0.00 $ 0.00
2B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
-----------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class 2A3 % 6.69999996
Class 2A7 % 6.94285675
Class 2A9 % 8.00000229
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied: Yes No
Class-2B1 X
Class-2B2 X
Class-2B3 X
Class-2B4 X
Class-2B5 X
2. Base Servicing Fee amount: $ 51,749.46
-------------
3. Supplemental Servicing Fee amount: $ 91,258.71
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category A Category B Category C
5. Senior Percentage: % N/A N/A N/A N/A
---- ---- -------- -------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
---- ---- -------- -------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
---- ---- -------- -------
8. Senior Prepayment Percentage:
% N/A N/A N/A N/A
---- ---- -------- -------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
---- ---- -------- -------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
---- ---- -------- -------
11. Junior Percentage: % N/A
----
12. Junior Prepayment Percentage:
% N/A
----
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President,
Investor Operations
Exhibit 99.32
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
August, 1998
Series 1998-11B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.440501
------------------------
Weighted average maturity 354.71
------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
2PO $ 1.21031167 $ 0.33322626 $ 0.00000000 % 0.00000000
2A1 $ 1.65557419 $ 1.54411534 $ 5.61773294 % 6.75000008
2A2 $ 0.00000000 $ 0.00000000 $ 5.41666711 % 6.50000054
2A3 $ 150.47194632 $ 140.34167874 $ 4.92038602 % 6.69999996
2A4 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
2A5 $ 5.10908560 $ 4.76512497 $ 5.60257368 % 6.74999996
2A6 $ 2.19944500 $ 2.05137100 $ 5.40737000 % 6.50000025
2A7 $ 150.47194511 $ 140.34167756 $ 4.92169723 % 6.94285675
2A8 $ 0.00000000 $ 0.00000000 $ 5.83333143 % 6.99999771
2A9 $ 0.00000000 $ 0.00000000 $ 6.66666857 % 8.00000229
2A10 $ 3.18570407 $ 2.97123202 $ 5.61101642 % 6.75000004
2A11 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
2A12 $ 20.40880744 $ 19.03481860 $ 5.53541581 % 6.75000011
2A13 $ 0.00000000 $ 0.00000000 $ 0.20797600 % 0.25000029
2A14 $ 0.00000000 $ 0.00000000 $ 5.83333200 % 6.99999839
2A15 $ 0.00000000 $ 0.00000000 $ 5.83333200 % 6.99999839
2A16 $ 0.00000000 $ 0.00000000 $ 5.83333467 % 7.00000161
2R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
2RL $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
2M $ 0.77650098 $ 0.00000000 $ 5.62066204 % 6.74999958
2B1 $ 0.77650100 $ 0.00000000 $ 5.62066265 % 6.75000031
2B2 $ 0.77650312 $ 0.00000000 $ 5.62066012 % 6.74999729
2B3 $ 0.77650602 $ 0.00000000 $ 5.62066265 % 6.75000034
2B4 $ 0.77650602 $ 0.00000000 $ 5.62066265 % 6.75000027
2B5 $ 0.77650003 $ 0.00000000 $ 5.62066388 % 6.75000176
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 51,749.46
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 244,148,050.23
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 800
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
2PO $ 205,197.97 $ 204,949.29 $ 997.44 GE98112PO
2A1 $ 23,147,935.71 $ 23,109,563.02 $ 997.05 36157RJZ9
2A2 $ 7,474,000.00 $ 7,474,000.00 $ 1,000.00 36157RKA2
2A3 $ 10,252,459.77 $ 8,501,895.79 $ 730.79 GE98112A3
2A4 $ 24,904,832.00 $ 24,904,832.00 $ 1,000.00 36157RKC8
2A5 $ 24,028,816.15 $ 23,905,559.46 $ 990.90 36157RKD6
2A6 $ 9,982,836.54 $ 9,960,842.09 $ 996.08 36157RKE4
2A7 $ 2,658,045.71 $ 2,204,195.69 $ 730.79 GE98112A7
2A8 $ 1,750,000.00 $ 1,750,000.00 $ 1,000.00 36157RKG9
2A9 $ 1,750,000.00 $ 1,750,000.00 $ 1,000.00 36157RKH7
2A10 $ 73,516,783.51 $ 73,281,997.12 $ 994.33 36157RKJ3
2A11 $ 44,500,000.00 $ 44,500,000.00 $ 1,000.00 36157RKK0
2A12 $ 5,289,397.25 $ 5,179,699.91 $ 963.67 36157RKL8
2A13 $ 9,982,836.54 $ 9,960,842.09 $ 996.08 36157RKM6
2A14 $ 2,491,000.00 $ 2,491,000.00 $ 1,000.00 36157RKN4
2A15 $ 2,491,000.00 $ 2,491,000.00 $ 1,000.00 36157RKP9
2A16 $ 2,492,000.00 $ 2,492,000.00 $ 1,000.00 36157RKQ7
SUP2 $ 234,221,011.15 $ 231,494,161.84 $ 979.39 G9811SUP2
2R $ 0.00 $ 0.00 $ 0.00 36157RKU8
2RL $ 0.00 $ 0.00 $ 0.00 36157RKV6
2M $ 4,603,447.40 $ 4,599,870.06 $ 998.45 36157RKR5
2B1 $ 1,990,463.91 $ 1,988,917.12 $ 998.45 36157RKS3
2B2 $ 1,120,135.56 $ 1,119,265.10 $ 998.45 36157RKT1
2B3 $ 995,231.95 $ 994,458.56 $ 998.45 36157RLK9
2B4 $ 497,615.98 $ 497,229.28 $ 998.45 36157RLL7
2B5 $ 747,356.25 $ 746,775.48 $ 998.45 36157RLM5
D. 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 delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- ---------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ---------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ---------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ---------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ---------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
---------------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
2A3 % 6.69999996
2A7 % 6.70178543
2A9 % 8.00000229
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-----------------
2. Bankruptcy Loss Amount: $ 0.00
-----------------
3. Fraud Loss Amount: $ 0.00
-----------------
4. Certificate Interest Rate of the Class S Certificate:% 0.00000000
-----------
Exhibit 99.33
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
August, 1998
Series 1998-11C, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (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 $ 369,595.88
------------------
(b) Interest $ 673,625.48
------------------
(c) Total $ 1,043,221.36
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 311,226.34
------------------
(b) Interest $ 568,127.09
------------------
(c) Total $ 879,353.43
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 58,369.54
------------------
(b) Interest $ 105,498.39
------------------
(c) Total $ 163,867.93
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 46,087.23
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 679,467.79
------------------
(b) Interest $ 4,038.72
------------------
(c) Total $ 683,506.51
------------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
------------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
------------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
12. Pool Scheduled Principal Balance: $ 113,264,543.61
-----------------
13. Available Funds: $ 1,713,018.39
-----------------
14. Realized Losses for prior month: $ 0.00
-----------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
------------------
17. Compensating Interest Payment: $ 936.59
------------------
18. Total interest payments: $ 617,867.48
------------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
3PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
SUP3 $ 36,051.33 $ 0.00 $ 36,051.33 % 0.409086043
3A $ 603,809.82 $ 0.00 $ 603,809.82 % 6.500000028
3M $ 6,247.08 $ 0.00 $ 6,247.08 % 6.499995079
3B1 $ 3,120.84 $ 0.00 $ 3,120.84 % 6.499994437
3B2 $ 1,560.42 $ 0.00 $ 1,560.42 % 6.499994324
3B3 $ 1,252.66 $ 0.00 $ 1,252.66 % 6.500017643
3B4 $ 934.09 $ 0.00 $ 934.09 % 6.499978689
3B5 $ 942.57 $ 0.00 $ 942.57 % 6.500010947
3R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
20. Principal Distribution Amount: $ 1,095,150.91
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 3PO $ 1,020.02 $ 0.00
Class SUP3 $ 0.00 $ 0.00
Class 3A $ 1,085,744.51 $ 0.00
Class 3M $ 3,726.82 $ 0.00
Class 3B1 $ 1,861.80 $ 0.00
Class 3B2 $ 930.90 $ 0.00
Class 3B3 $ 747.30 $ 0.00
Class 3B4 $ 557.25 $ 0.00
Class 3B5 $ 562.31 $ 0.00
Class 3R $ 0.00 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
------------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
------------------
24. Subordinate Certificate Writedown Amount: $ 0.00
------------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
3B1 $ 0.00 $ 0.00
3B2 $ 0.00 $ 0.00
3B3 $ 0.00 $ 0.00
3B4 $ 0.00 $ 0.00
3B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
-----------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied: Yes No
Class-3B1 X
Class-3B2 X
Class-3B3 X
Class-3B4 X
Class-3B5 X
2. Base Servicing Fee amount: $ 24,977.58
-------------
3. Supplemental Servicing Fee amount: $ 36,051.33
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category A Category B Category C
5. Senior Percentage: % N/A N/A N/A N/A
---- ----- --------- -------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
---- ----- --------- -------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
---- ----- --------- -------
8. Senior Prepayment Percentage:
% N/A N/A N/A N/A
---- ----- --------- -------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
---- ----- --------- -------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
---- ----- --------- -------
11. Junior Percentage: % N/A
----
12. Junior Prepayment Percentage:
% N/A
----
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President,
Investor Operations
Exhibit 99.34
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
August, 1998
Series 1998-11C, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.11505
-------------------------
Weighted average maturity 175.44
-------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
3PO $ 3.48279465 $ 0.08450733 $ 0.00000000 % 0.00000000
SUP3 $ 0.00000000 $ 0.00000000 $ 0.33668732 % 0.40908604
3A $ 9.62388770 $ 6.43099899 $ 5.35208592 % 6.50000003
3M $ 3.22110631 $ 0.00000000 $ 5.39937770 % 6.49999508
3B1 $ 3.22110727 $ 0.00000000 $ 5.39937716 % 6.49999444
3B2 $ 3.22110727 $ 0.00000000 $ 5.39937716 % 6.49999432
3B3 $ 3.22112069 $ 0.00000000 $ 5.39939655 % 6.50001764
3B4 $ 3.22109827 $ 0.00000000 $ 5.39936416 % 6.49997869
3B5 $ 3.22112046 $ 0.00000000 $ 5.39939093 % 6.50001095
3R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 24,977.58
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 113,264,543.61
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 361
-----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
3PO $ 291,850.43 $ 290,830.41 $ 993.02 GE98113PO
SUP3 $ 105,751,826.03 $ 104,686,350.59 $ 977.68 G9811SUP3
3A $ 111,472,581.67 $ 110,386,837.16 $ 978.45 36157RKW4
3M $ 1,153,307.95 $ 1,149,581.13 $ 993.59 36157RKX2
3B1 $ 576,155.57 $ 574,293.77 $ 993.59 36157RKY0
3B2 $ 288,077.79 $ 287,146.89 $ 993.59 36157RKZ7
3B3 $ 231,259.68 $ 230,512.38 $ 993.59 36157RLA1
3B4 $ 172,447.95 $ 171,890.70 $ 993.59 36157RLB9
3B5 $ 174,012.63 $ 173,450.32 $ 993.59 36157RLC7
3R $ 0.00 $ 0.00 $ 0.00 36157RLD5
D. 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 delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- --------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- --------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- --------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- --------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- --------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
--------------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-----------------
2. Bankruptcy Loss Amount: $ 0.00
-----------------
3. Fraud Loss Amount: $ 0.00
-----------------
4. Certificate Interest Rate of the Class S Certificate: % 0.40908604
-----------
Exhibit 99.35
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
AUGUST 1998
Home Equity Loan Pass-Through Certificates,
Series 1998-HE2
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998
(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: $1,745,230.76
--------------------
(2) Aggregate Monthly Payments
received and Monthly Advances
made this Month:
(a) Principal $339,365.71
--------------------
(b) Interest $1,515,502.88
--------------------
(c) Total $1,854,868.59
--------------------
(3) Aggregate Principal Prepayments in part received on Self-
Amortizing Mortgage Loans and applied in the applicable
Prepayment Period:
(a) Principal $47,104.73
--------------------
(c) Total $47,104.73
--------------------
(4) Aggregate Principal Prepayments
in full received in
the applicable Prepayment
period:
(a) Principal $1,214,935.32
--------------------
(b) Interest $13,949.92
--------------------
(c) Total $1,228,885.24
--------------------
(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 $193,103,864.02
-------------------
(11) Available Funds: $3,046,712.72
-------------------
(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: $1,111.82
-------------------
(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 $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 S $0.00
-------------------
Class M $0.00
-------------------
Class B1 $0.00
-------------------
Class B2 $0.00
-------------------
Class B3 $0.00
-------------------
Class B4 $0.00
-------------------
Class B5 $0.00
-------------------
(19) Class Certificate Interest
Rate:
Class M 6.660%
---------------
Class B1 6.905%
---------------
Class B2 7.495%
---------------
Class B3 8.982%
---------------
Class B4 8.982%
---------------
Class B5 8.982%
---------------
Class S 2.57%
---------------
(20) Accrued Certificate Interest
and Pay-out Rate:
Class A1 $308,697.52 6.365%
-------------------------------
Class A2 $109,381.25 6.105%
-------------------------------
Class A3 $142,140.00 6.180%
-------------------------------
Class A4 $70,070.83 6.275%
-------------------------------
Class A5 $79,463.75 6.315%
-------------------------------
Class A6 $130,009.43 6.645%
-------------------------------
Class A7 $92,189.17 6.215%
-------------------------------
Class S $412,763.24 2.57%
-------------------------------
Class M $26,948.42 6.660%
-------------------------------
Class B1 $25,146.37 6.905%
-------------------------------
Class B2 $12,134.58 7.495%
-------------------------------
Class B3 $14,541.31 8.982%
-------------------------------
Class B4 $10,907.85 8.982%
-------------------------------
Class B5 $10,913.23 8.982%
-------------------------------
Total $1,445,306.95
(21) Principal distributable:
Class A1 $1,573,239.84
-----------------
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 M $8,533.31
-----------------
Class B1 $7,680.15
-----------------
Class B2 $3,414.38
-----------------
Class B3 $3,414.38
-----------------
Class B4 $2,561.22
-----------------
Class B5 $2,562.48
-----------------
Class R1 $0.00
-----------------
Class R2 $0.00
-----------------
Total $1,601,405.76
(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 91.700423%
--------------
2) Senior Prepayment Percentage
for such Distribution Date 100.00%
--------------
3) Junior Percentage for such
Distribution Date 8.299577%
--------------
4) Junior Prepayment Percentage
--------------
for such Distribution Date 0.00%
--------------
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:
- ------------------------------------------
Name: Tim Neer
Title: Vice President of Investor Operations
Exhibit 99.36
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
AUGUST 1998
Home Equity Loan Pass-Through Certificates,
Series 1998-HE2
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998
(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 $26.44100575
---------------
Class A2 $0.00000000
---------------
Class A3 $0.00000000
---------------
Class A4 $0.00000000
---------------
Class A5 $0.00000000
---------------
Class A6 $0.00000000
---------------
Class A7 $0.00000000
---------------
Class M $1.75546337
---------------
Class B1 $1.75546337
---------------
Class B2 $1.75546337
---------------
Class B3 $1.75546337
---------------
Class B4 $1.75546337
---------------
Class B5 $1.75546337
---------------
Class R1 $0.00000000
---------------
Class R2 $0.00000000
---------------
(2) Aggregate Principal prepayments included in distribution:
Class A1 $1,262,040.05
-------------
Class A2 $0.00000000
-------------
Class A3 $0.00000000
-------------
Class A4 $0.00000000
-------------
Class A5 $0.00000000
-------------
Class A6 $0.00000000
-------------
Class A7 $0.00000000
-------------
Class M $0.00000000
-------------
Class B1 $0.00000000
-------------
Class B2 $0.00000000
-------------
Class B3 $0.00000000
-------------
Class B4 $0.00000000
-------------
Class B5 $0.00000000
-------------
Class R1 $0.00000000
-------------
Class R2 $0.00000000
-------------
(3) Amount of distribution allocable to interest Pay-out Rate:
Class A1 $5.18819356 6.365%
----------------------------
Class A2 $5.08750000 6.105%
----------------------------
Class A3 $5.15000000 6.180%
----------------------------
Class A4 $5.22916667 6.275%
----------------------------
Class A5 $5.26250000 6.315%
----------------------------
Class A6 $5.53750000 6.645%
----------------------------
Class A7 $5.17916667 6.215%
----------------------------
Class S $2.13751934 2.57%
----------------------------
Class M $5.54380265 6.660%
----------------------------
Class B1 $5.74774134 6.905%
----------------------------
Class B2 $6.23885899 7.495%
----------------------------
Class B3 $7.47625156 8.982%
----------------------------
Class B4 $7.47625156 8.982%
----------------------------
Class B5 $7.47625156 8.982%
----------------------------
(4) Servicing Compensation: $85,591.56
---------------------
The amounts below are for the aggregate of all Certificates:
(5) Pool Principal Balance; $193,103,864.02
---------------------
number of Mortgage
Loans: 2,744
---------------------
(6) Class Certificate Principal Balance of each Class; Certificate
Principal Balance of Single Certificate of each class:
Single
Certificate
Class Class Balance Balance
--------------------------------------------------
Class A1 $56,625,820.68 $951.69446515
-----------------------------
Class A2 $21,500,000.00 $1,000.00000000
-----------------------------
Class A3 $27,600,000.00 $1,000.00000000
-----------------------------
Class A4 $13,400,000.00 $1,000.00000000
-----------------------------
Class A5 $15,100,000.00 $1,000.00000000
-----------------------------
Class A6 $23,478,000.00 $1,000.00000000
-----------------------------
Class A7 $17,800,000.00 $1,000.00000000
-----------------------------
Class M $4,847,038.71 $997.12789705
-----------------------------
Class B1 $4,362,434.55 $997.12789705
-----------------------------
Class B2 $1,939,413.76 $997.12789705
-----------------------------
Class B3 $1,939,413.76 $997.12789705
-----------------------------
Class B4 $1,454,809.60 $997.12789705
-----------------------------
Class B5 $1,455,527.20 $997.12789705
-----------------------------
Class R1 $0.00 $0.00000000
-----------------------------
Class R2 $0.00 $0.00000000
-----------------------------
(7) Book value of real estate acquired on behalf of Certificate-
holders; number of $0.00
------------------
related Mortgage Loans: 0
------------------
(8) Aggregate Scheduled Principal Balance and number of delinquent
Mortgage Loans:
One Payment Delinquent $1,094,238.40
----------------------
4
----------------------
Two Payments Delinquent $314,283.01
----------------------
4
----------------------
Three or more Payments Delinquent $0.00
----------------------
0
----------------------
TOTAL $1,408,521.41
----------------------
8
----------------------
In foreclosure $0.00
----------------------
0
------------------------
(9) Aggregate Scheduled
Principal Balance and
number of replaced
Mortgage Loans: $0.00
---------------------
0
---------------------
(10) Unpaid Net Simple Interest
Shortfall:
Class A1 $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 S $0.00
---------------------
Class M $0.00
---------------------
Class B1 $0.00
---------------------
Class B2 $0.00
---------------------
Class B3 $0.00
---------------------
Class B4 $0.00
---------------------
Class B5 $0.00
---------------------
(11) Class Certificate Interest
Rate of:
Class M 6.660%
---------------------
Class B1 6.905%
---------------------
Class B2 7.495%
---------------------
Class B3 8.982%
---------------------
Class B4 8.982%
---------------------
Class B5 8.982%
---------------------
Class S 2.57%
---------------------
(12) Senior Percentage for such 91.700423%
---------------------
Distribution Date
(13) Senior Prepayment Percentage
for such Distribution Date 100.00%
---------------------
(14) Junior Percentage for such
Distribution Date 8.299577%
---------------------
(15) Junior Prepayment Percentage
for such Distribution Date 0.00%
---------------------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By:
------------------------------------
Name: Tim Neer
Title: Vice President,
Investor Operations
Exhibit 99.37
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
August, 1998
Series 1998-12A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 311,510.25
------------------
(b) Interest $ 2,448,557.29
------------------
(c) Total $ 2,760,067.54
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 260,797.87
------------------
(b) Interest $ 2,080,369.69
------------------
(c) Total $ 2,341,167.56
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 50,712.38
------------------
(b) Interest $ 368,187.60
------------------
(c) Total $ 418,899.98
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 82,888.54
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 1,031,459.26
------------------
(b) Interest $ 13,846.13
------------------
(c) Total $ 1,045,305.39
------------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
------------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
------------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 1,227,480.39
------------------
(b) Interest $ 6,993.41
------------------
(c) Total $ 1,234,473.80
------------------
12. Pool Scheduled Principal Balance: $ 398,008,557.18
-----------------
13. Available Funds: $ 4,902,227.60
-----------------
14. Realized Losses for prior month: $ 0.00
-----------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
------------------
17. Compensating Interest Payment: $ 499.40
------------------
18. Total interest payments: $ 2,248,889.15
------------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------- ------------
PO1 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A1 $ 288,654.17 $ 0.00 $ 288,654.17 % 6.500000075
1A2 $ 218,278.50 $ 0.00 $ 218,278.50 % 6.600000000
1A3 $ 242,852.67 $ 0.00 $ 242,852.67 % 6.700000092
1A4 $ 186,862.50 $ 0.00 $ 186,862.50 % 6.750000000
1A5 $ 78,603.75 $ 0.00 $ 78,603.75 % 6.750000000
1A6 $ 17,875.29 $ 0.00 $ 17,875.29 % 6.750000708
1A7 $ 524,649.38 $ 0.00 $ 524,649.38 % 6.750000064
1A8 $ 195,977.38 $ 0.00 $ 195,977.38 % 6.155999891
1A9 $ 74,621.67 $ 0.00 $ 74,621.67 % 9.041143126
1A10 $ 656.47 $ 0.00 $ 0.00 % 6.750044985
1A11 $ 150,116.80 $ 0.00 $ 150,116.80 % 6.355999894
1A12 $ 62,446.32 $ 0.00 $ 62,446.32 % 7.931999682
1A13 $ 113,619.38 $ 0.00 $ 113,619.38 % 6.750000297
1A14 $ 3,520.11 $ 0.00 $ 0.00 % 6.750003595
1R $ 0.28 $ 0.00 $ 0.28 % 12.000000000
1RL $ 0.28 $ 0.00 $ 0.28 % 6.720000000
1M $ 41,692.50 $ 0.00 $ 41,692.50 % 6.750000000
1B1 $ 18,030.94 $ 0.00 $ 18,030.94 % 6.750000936
1B2 $ 10,141.88 $ 0.00 $ 10,141.88 % 6.750003328
1B3 $ 9,016.88 $ 0.00 $ 9,016.88 % 6.750003743
1B4 $ 4,505.63 $ 0.00 $ 4,505.63 % 6.750007491
1B5 $ 6,766.15 $ 0.00 $ 6,766.15 % 6.750000062
20. Principal Distribution Amount: $ 2,653,338.45
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class PO1 $ 923.24 $ 0.00
Class 1A1 $ 0.00 $ 0.00
Class 1A2 $ 0.00 $ 0.00
Class 1A3 $ 0.00 $ 0.00
Class 1A4 $ 0.00 $ 0.00
Class 1A5 $ 0.00 $ 0.00
Class 1A6 $ 0.00 $ 0.00
Class 1A7 $ 357,699.08 $ 0.00
Class 1A8 $ 412,515.02 $ 0.00
Class 1A9 $ 106,948.34 $ 0.00
Class 1A10 $ 117,361.47 $ 656.47
Class 1A11 $ 1,174,594.31 $ 0.00
Class 1A12 $ 391,531.44 $ 0.00
Class 1A13 $ 77,464.20 $ 0.00
Class 1A14 $ 5,920.08 $ 3,520.11
Class SUP1 $ 0.00 $ 0.00
Class 1R $ 50.00 $ 0.00
Class 1RL $ 50.00 $ 0.00
Class 1M $ 5,761.24 $ 0.00
Class 1B1 $ 2,491.59 $ 0.00
Class 1B2 $ 1,401.45 $ 0.00
Class 1B3 $ 1,245.99 $ 0.00
Class 1B4 $ 622.61 $ 0.00
Class 1B5 $ 934.97 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
------------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
------------------
24. Subordinate Certificate Writedown Amount: $ 0.01
------------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
1B1 $ 0.00 $ 0.00
1B2 $ 0.00 $ 0.00
1B3 $ 0.00 $ 0.00
1B4 $ 0.00 $ 0.00
1B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
------------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class 1A8 % 6.15599989
Class 1A9 % 9.04114313
Class 1A11 % 6.35599989
Class 1A12 % 7.93199968
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied: Yes No
Class-1B1 X
Class-1B2 X
Class-1B3 X
Class-1B4 X
Class-1B5 X
2. Base Servicing Fee amount: $ 35,643.52
-------------
3. Supplemental Servicing Fee amount: $ 130,340.42
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category Category Category
A B C
5. Senior Percentage: % 95.991178 N/A N/A N/A
----------- ---- ------ ------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
8. Senior Prepayment Percentage:
%100.000000 N/A N/A N/A
----------- ---- ------ ------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
11. Junior Percentage: % 4.008822
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President,
Investor Operations
Exhibit 99.38
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
August, 1998
Series 1998-12A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.377852
-------------------------
Weighted average maturity 356.12
-------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
PO1 $ 1.07425372 $ 0.20226325 $ 0.00000000 % 0.00000000
1A1 $ 0.00000000 $ 0.00000000 $ 5.41666673 % 6.50000008
1A2 $ 0.00000000 $ 0.00000000 $ 5.50000000 % 6.60000000
1A3 $ 0.00000000 $ 0.00000000 $ 5.58333341 % 6.70000009
1A4 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1A5 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1A6 $ 0.00000000 $ 0.00000000 $ 5.62500059 % 6.75000071
1A7 $ 3.83505141 $ 3.40170836 $ 5.62500005 % 6.75000006
1A8 $ 10.79819526 $ 9.57804886 $ 5.12999991 % 6.15599989
1A9 $ 10.79819541 $ 9.57804904 $ 7.53428594 % 9.04114313
1A10 $ 1000.00000000 $ 891.99400197 $ 5.62503749 % 6.75004499
1A11 $ 41.44395847 $ 36.76098265 $ 5.29666658 % 6.35599989
1A12 $ 41.44395882 $ 36.76098230 $ 6.60999974 % 7.93199968
1A13 $ 3.83505124 $ 3.40170801 $ 5.62500025 % 6.75000030
1A14 $ 3.83506153 $ 8.39110766 $ 5.62500300 % 6.75000360
1R $ 1000.00000000 $ 887.00000000 $ 10.00000000 % 12.00000000
1RL $ 1000.00000000 $ 887.00000000 $ 5.60000000 % 6.72000000
1M $ 0.77728548 $ 0.00000000 $ 5.62500000 % 6.75000000
1B1 $ 0.77728591 $ 0.00000000 $ 5.62500078 % 6.75000094
1B2 $ 0.77728785 $ 0.00000000 $ 5.62500277 % 6.75000333
1B3 $ 0.77728634 $ 0.00000000 $ 5.62500312 % 6.75000374
1B4 $ 0.77729089 $ 0.00000000 $ 5.62500624 % 6.75000749
1B5 $ 0.77728195 $ 0.00000000 $ 5.62500005 % 6.75000006
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
1A10 $ 656.47
1A14 $ 3,520.11
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 35,643.52
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 398,008,557.18
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,258
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
PO1 $ 859,424.53 $ 858,501.28 $ 998.93
1A1 $ 53,290,000.00 $ 53,290,000.00 $ 1,000.00 36157RLN3
1A2 $ 39,687,000.00 $ 39,687,000.00 $ 1,000.00 36157RLP8
1A3 $ 43,496,000.00 $ 43,496,000.00 $ 1,000.00 36157RLQ6
1A4 $ 33,220,000.00 $ 33,220,000.00 $ 1,000.00 36157RLR4
1A5 $ 13,974,000.00 $ 13,974,000.00 $ 1,000.00 36157RLS2
1A6 $ 3,177,829.00 $ 3,177,829.63 $ 1,000.00 36157RLT0
1A7 $ 93,271,000.00 $ 92,913,300.92 $ 996.16 36157RLU7
1A8 $ 38,202,219.00 $ 37,789,703.98 $ 989.20 36157RLV5
1A9 $ 9,904,279.00 $ 9,797,330.66 $ 989.20 36157RLW3
1A10 $ 116,705.00 $ 0.00 $ 0.00 36157RLX1
1A11 $ 28,341,750.00 $ 27,167,155.69 $ 958.56 36157RLY9
1A12 $ 9,447,250.00 $ 9,055,718.56 $ 958.56 36157RLZ6
1A13 $ 20,199,000.00 $ 20,121,535.80 $ 996.16 36157RMA0
1A14 $ 625,797.00 $ 623,397.03 $ 996.16 36157RMB8
SUP1 $ 360,891,440.90 $ 358,280,694.19 $ 992.77
1R $ 50.00 $ 0.00 $ 0.00 36157RMF9
1RL $ 50.00 $ 0.00 $ 0.00 36157RMG7
1M $ 7,412,000.00 $ 7,406,238.76 $ 999.22 36157RMC6
1B1 $ 3,205,500.00 $ 3,203,008.41 $ 999.22 36157RMD4
1B2 $ 1,803,000.00 $ 1,801,598.55 $ 999.22 36157RME2
1B3 $ 1,603,000.00 $ 1,601,754.01 $ 999.22 36157RNY7
1B4 $ 801,000.00 $ 800,377.39 $ 999.22 36157RNZ4
1B5 $ 1,202,871.10 $ 1,201,936.13 $ 999.22 36157RPA7
D. 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 delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- ---------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ---------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ---------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ---------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ---------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
---------------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
1A8 % 6.15599989
1A9 % 9.04114313
1A11 % 6.35599989
1A12 % 7.93199968
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
------------------
2. Bankruptcy Loss Amount: $ 0.00
------------------
3. Fraud Loss Amount: $ 0.00
------------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
------------
*It has been the Company's experience that, with respect to the first
Distribution Date after the closing of a securitization containing a large
number of recently originated or acquired Mortgage Loans, the number of Mortgage
Loans 30-59 days delinquent may be inflated due to the borrowers sending monthly
payments to the wrong location or delays by the Company in inputting the
Mortgage Loans on its servicing system. It has also been the Company's
experience that for the majority of such Mortgage Loans the routing of
borrowers' monthly payments has corrected itself by the second Distribution
Date. However, the Company makes no assurances as to the level of delinquent
Mortgage Loans for future Distribution Dates.
Exhibit 99.39
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
August, 1998
Series 1998-12B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (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 $ 149,128.49
------------------
(b) Interest $ 1,211,835.82
------------------
(c) Total $ 1,360,964.31
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 139,721.38
------------------
(b) Interest $ 1,133,451.13
------------------
(c) Total $ 1,273,172.51
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 9,407.11
------------------
(b) Interest $ 78,384.69
------------------
(c) Total $ 87,791.80
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 42,616.93
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 4,250,637.98
------------------
(b) Interest $ 16,365.87
------------------
(c) Total $ 4,267,003.85
------------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
------------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
------------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 747,302.37
------------------
(b) Interest $ 4,627.52
------------------
(c) Total $ 751,929.89
------------------
12. Pool Scheduled Principal Balance: $ 195,032,628.59
-----------------
13. Available Funds: $ 6,315,294.66
-----------------
14. Realized Losses for prior month: $ 0.00
-----------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
------------------
17. Compensating Interest Payment: $ 578.19
------------------
18. Total interest payments: $ 1,125,608.89
------------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
PO2 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2A1 $ 235,400.00 $ 0.00 $ 235,400.00 % 6.600000000
2A2 $ 127,997.92 $ 0.00 $ 127,997.92 % 6.550000171
2A3 $ 9,258.33 $ 0.00 $ 9,258.33 % 6.749997266
2A4 $ 357,007.50 $ 0.00 $ 357,007.50 % 6.150000000
2A5 $ 107,392.29 $ 0.00 $ 107,392.29 % 9.605750447
2A6 $ 29,025.00 $ 0.00 $ 29,025.00 % 7.500000000
2A7 $ 30,155.63 $ 0.00 $ 0.00 % 6.750001119
2A8 $ 5,445.00 $ 0.00 $ 0.00 % 6.750000000
2A9 $ 178,875.00 $ 0.00 $ 178,875.00 % 6.750000000
2R $ 0.56 $ 0.00 $ 0.56 % 6.720000000
2RL $ 0.56 $ 0.00 $ 0.56 % 6.720000000
2M $ 20,829.38 $ 0.00 $ 20,829.38 % 6.750001620
2B1 $ 8,448.75 $ 0.00 $ 8,448.75 % 6.750000000
2B2 $ 4,505.63 $ 0.00 $ 4,505.63 % 6.750007491
2B3 $ 4,505.63 $ 0.00 $ 4,505.63 % 6.750007491
2B4 $ 2,255.63 $ 0.00 $ 2,255.63 % 6.750014963
2B5 $ 4,506.08 $ 0.00 $ 4,506.08 % 6.750001170
20. Principal Distribution Amount: $ 5,189,685.77
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class PO2 $ 116.70 $ 0.00
Class 2A1 $ 0.00 $ 0.00
Class 2A2 $ 0.00 $ 0.00
Class 2A3 $ 0.00 $ 0.00
Class 2A4 $ 236,119.63 $ 0.00
Class 2A5 $ 45,474.89 $ 0.00
Class 2A6 $ 15,741.31 $ 0.00
Class 2A7 $ 4,921,869.24 $ 30,155.63
Class 2A8 $ 0.00 $ 5,445.00
Class 2A9 $ 0.00 $ 0.00
Class SUP2 $ 0.00 $ 0.00
Class 2R $ 0.00 $ 0.00
Class 2RL $ 0.00 $ 0.00
Class 2M $ 2,757.75 $ 0.00
Class 2B1 $ 1,118.59 $ 0.00
Class 2B2 $ 596.53 $ 0.00
Class 2B3 $ 596.53 $ 0.00
Class 2B4 $ 298.64 $ 0.00
Class 2B5 $ 596.59 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
------------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
------------------
24. Subordinate Certificate Writedown Amount: $ 0.39
------------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
2B1 $ 0.00 $ 0.00
2B2 $ 0.00 $ 0.00
2B3 $ 0.00 $ 0.00
2B4 $ 0.00 $ 0.00
2B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
------------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class 2A4 % 6.15000000
Class 2A5 % 9.60575045
Class 2A6 % 7.50000000
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied: Yes No
Class-2B1 X
Class-2B2 X
Class-2B3 X
Class-2B4 X
Class-2B5 X
2. Base Servicing Fee amount: $ 14,135.06
-------------
3. Supplemental Servicing Fee amount: $ 76,665.14
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category Category Category
A B C
5. Senior Percentage: % 95.997627 N/A N/A N/A
----------- ---- ------ ------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
8. Senior Prepayment Percentage:
%100.000000 N/A N/A N/A
----------- ---- ------ ------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
11. Junior Percentage: % 4.002373
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President,
Investor Operations
Exhibit 99.40
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
August, 1998
Series 1998-12B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.453457
-------------------------
Weighted average maturity 356.74
-------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
PO2 $ 1.02337899 $ 0.13732746 $ 0.00000000 % 0.00000000
2A1 $ 0.00000000 $ 0.00000000 $ 5.50000000 % 6.60000000
2A2 $ 0.00000000 $ 0.00000000 $ 5.45833348 % 6.55000017
2A3 $ 0.00000000 $ 0.00000000 $ 5.62499772 % 6.74999727
2A4 $ 3.38960135 $ 3.29605139 $ 5.12500000 % 6.15000000
2A5 $ 3.38960122 $ 3.29605173 $ 8.00479204 % 9.60575045
2A6 $ 3.38960164 $ 3.29605082 $ 6.25000000 % 7.50000000
2A7 $ 912.46290058 $ 892.74950009 $ 5.62500093 % 6.75000112
2A8 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
2A9 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
2R $ 0.00000000 $ 0.00000000 $ 5.60000000 % 6.72000000
2RL $ 0.00000000 $ 0.00000000 $ 5.60000000 % 6.72000000
2M $ 0.74473400 $ 0.00000000 $ 5.62500135 % 6.75000162
2B1 $ 0.74473369 $ 0.00000000 $ 5.62500000 % 6.75000000
2B2 $ 0.74473159 $ 0.00000000 $ 5.62500624 % 6.75000749
2B3 $ 0.74473159 $ 0.00000000 $ 5.62500624 % 6.75000749
2B4 $ 0.74473815 $ 0.00000000 $ 5.62501247 % 6.75001496
2B5 $ 0.74473141 $ 0.00000000 $ 5.62500098 % 6.75000117
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
2A7 $ 30,155.63
2A8 $ 5,445.00
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 14,135.06
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 195,032,628.59
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 609
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
PO2 $ 114,034.00 $ 113,916.91 $ 998.97
2A1 $ 42,800,000.00 $ 42,800,000.00 $ 1,000.00 36157RMH5
2A2 $ 23,450,000.00 $ 23,450,000.00 $ 1,000.00 36157RMJ1
2A3 $ 1,645,926.00 $ 1,645,925.93 $ 1,000.00 36157RMK8
2A4 $ 69,660,000.00 $ 69,423,880.37 $ 996.61 36157RML6
2A5 $ 13,416,000.00 $ 13,370,525.11 $ 996.61 36157RMM4
2A6 $ 4,644,000.00 $ 4,628,258.69 $ 996.61 36157RMN2
2A7 $ 5,361,000.00 $ 469,286.39 $ 87.54 36157RMP7
2A8 $ 968,000.00 $ 973,445.00 $ 1,005.63 36157RMQ5
2A9 $ 31,800,000.00 $ 31,800,000.00 $ 1,000.00 36157RMR3
SUP2 $ 194,880,911.53 $ 189,697,180.34 $ 973.40
2R $ 100.00 $ 100.00 $ 1,000.00 36157RMV4
2RL $ 100.00 $ 100.00 $ 1,000.00 36157RMW2
2M $ 3,703,000.00 $ 3,700,242.25 $ 999.26 36157RMS1
2B1 $ 1,502,000.00 $ 1,500,881.41 $ 999.26 36157RMT9
2B2 $ 801,000.00 $ 800,403.47 $ 999.26 36157RMU6
2B3 $ 801,000.00 $ 800,403.47 $ 999.26 36157RPB5
2B4 $ 401,000.00 $ 400,701.36 $ 999.26 36157RPC3
2B5 $ 801,080.75 $ 800,484.16 $ 999.26 36157RPD1
D. 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 delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- ---------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ---------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ---------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ---------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ---------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
---------------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
2A4 % 6.15000000
2A5 % 9.60575045
2A6 % 7.50000000
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
------------------
2. Bankruptcy Loss Amount: $ 0.00
------------------
3. Fraud Loss Amount: $ 0.00
------------------
4. Certificate Interest Rate of the Class S Certificate:% 0.00000000
-------------
*It has been the Company's experience that, with respect to the first
Distribution Date after the closing of a securitization containing a large
number of recently originated or acquired Mortgage Loans, the number of Mortgage
Loans 30-59 days delinquent may be inflated due to the borrowers sending monthly
payments to the wrong location or delays by the Company in inputting the
Mortgage Loans on its servicing system. It has also been the Company's
experience that for the majority of such Mortgage Loans the routing of
borrowers' monthly payments has corrected itself by the second Distribution
Date. However, the Company makes no assurances as to the level of delinquent
Mortgage Loans for future Distribution Dates.
Exhibit 99.41
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
August, 1998
Series 1998-12C, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (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 $ 667,397.40
------------------
(b) Interest $ 1,202,282.80
------------------
(c) Total $ 1,869,680.20
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 278,130.77
------------------
(b) Interest $ 511,295.12
------------------
(c) Total $ 789,425.89
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 389,266.63
------------------
(b) Interest $ 690,987.68
------------------
(c) Total $ 1,080,254.31
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 67,960.79
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 837,133.08
------------------
(b) Interest $ 8,244.09
------------------
(c) Total $ 845,377.17
------------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
------------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
------------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 585,377.87
------------------
(b) Interest $ 3,152.56
------------------
(c) Total $ 588,530.43
------------------
12. Pool Scheduled Principal Balance: $ 173,949,919.64
-----------------
13. Available Funds: $ 3,002,185.49
-----------------
14. Realized Losses for prior month: $ 0.00
-----------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
------------------
17. Compensating Interest Payment: $ 321.07
------------------
18. Total interest payments: $ 949,748.93
------------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
PO3 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
3A1 $ 204,208.33 $ 0.00 $ 204,208.33 % 6.499999894
3A2 $ 12,458.33 $ 0.00 $ 12,458.33 % 6.499998261
3A3 $ 54,166.67 $ 0.00 $ 54,166.67 % 6.500000400
3A4 $ 659,848.14 $ 0.00 $ 659,848.14 % 6.499999955
SUP3 $ 45,521.14 $ 0.00 $ 45,521.14 % 0.355447858
3R $ 0.54 $ 0.00 $ 0.54 % 6.480000000
3M $ 7,150.09 $ 0.00 $ 7,150.09 % 6.499998106
3B1 $ 2,383.36 $ 0.00 $ 2,383.36 % 6.499998864
3B2 $ 2,383.36 $ 0.00 $ 2,383.36 % 6.499998864
3B3 $ 4,290.05 $ 0.00 $ 4,290.05 % 6.499993687
3B4 $ 1,430.02 $ 0.00 $ 1,430.02 % 6.500017045
3B5 $ 1,430.04 $ 0.00 $ 1,430.04 % 6.500003314
20. Principal Distribution Amount: $ 2,052,436.56
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class PO3 $ 18,995.17 $ 0.00
Class 3A1 $ 556,183.73 $ 0.00
Class 3A2 $ 0.00 $ 0.00
Class 3A3 $ 32,254.37 $ 0.00
Class 3A4 $ 1,433,549.60 $ 0.00
Class SUP3 $ 0.00 $ 0.00
Class 3R $ 100.00 $ 0.00
Class 3M $ 4,257.63 $ 0.00
Class 3B1 $ 1,419.21 $ 0.00
Class 3B2 $ 1,419.21 $ 0.00
Class 3B3 $ 2,554.58 $ 0.00
Class 3B4 $ 851.52 $ 0.00
Class 3B5 $ 851.54 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
------------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
------------------
24. Subordinate Certificate Writedown Amount: $ 0.00
------------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
3B1 $ 0.00 $ 0.00
3B2 $ 0.00 $ 0.00
3B3 $ 0.00 $ 0.00
3B4 $ 0.00 $ 0.00
3B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
------------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied: Yes No
Class-3B1 X
Class-3B2 X
Class-3B3 X
Class-3B4 X
Class-3B5 X
2. Base Servicing Fee amount: $ 14,159.86
-------------
3. Supplemental Servicing Fee amount: $ 45,521.14
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category Category Category
A B C
5. Senior Percentage: % 97.992425 N/A N/A N/A
----------- ---- ------ ------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
8. Senior Prepayment Percentage:
%100.000000 N/A N/A N/A
----------- ---- ------ ------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
11. Junior Percentage: % 2.007575
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President,
Investor Operations
Exhibit 99.42
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
August, 1998
Series 1998-12C, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.048248
-----------------------
Weighted average maturity 175.91
-----------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
PO3 $ 28.60330678 $ 25.30501890 $ 0.00000000 % 0.00000000
3A1 $ 14.75288408 $ 10.70959655 $ 5.41666658 % 6.49999989
3A2 $ 0.00000000 $ 0.00000000 $ 5.41666522 % 6.49999826
3A3 $ 3.22543700 $ 2.34144900 $ 5.41666700 % 6.50000040
3A4 $ 11.76795055 $ 8.54273665 $ 5.41666663 % 6.49999995
SUP3 $ 0.00000000 $ 0.00000000 $ 0.29620655 % 0.35544786
3R $1000.00000000 $ 725.90000000 $ 5.40000000 % 6.48000000
3M $ 3.22543573 $ 0.00000000 $ 5.41666509 % 6.49999811
3B1 $ 3.22544062 $ 0.00000000 $ 5.41666572 % 6.49999886
3B2 $ 3.22544062 $ 0.00000000 $ 5.41666572 % 6.49999886
3B3 $ 3.22543907 $ 0.00000000 $ 5.41666141 % 6.49999369
3B4 $ 3.22541789 $ 0.00000000 $ 5.41668087 % 6.50001705
3B5 $ 3.22544173 $ 0.00000000 $ 5.41666943 % 6.50000331
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 14,159.86
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 173,949,919.64
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 532
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
PO3 $ 664,090.00 $ 645,094.83 $ 971.40
3A1 $ 37,700,000.00 $ 37,143,816.27 $ 985.25 36157RMX0
3A2 $ 2,300,000.00 $ 2,300,000.00 $ 1,000.00 36157RMY8
3A3 $ 10,000,000.00 $ 9,967,745.63 $ 996.77 36157RMZ5
3A4 $ 121,818,119.00 $ 120,384,569.40 $ 988.23 36157RNA9
SUP3 $ 153,680,397.00 $ 151,945,048.66 $ 988.71
3R $ 100.00 $ 0.00 $ 0.00 36157RNE1
3M $ 1,320,017.00 $ 1,315,759.37 $ 996.77 36157RNB7
3B1 $ 440,005.00 $ 438,585.79 $ 996.77 36157RNC5
3B2 $ 440,005.00 $ 438,585.79 $ 996.77 36157RND3
3B3 $ 792,010.00 $ 789,455.42 $ 996.77 36157RPE9
3B4 $ 264,003.00 $ 263,151.48 $ 996.77 36157RPF6
3B5 $ 264,007.25 $ 263,155.71 $ 996.77 36157RPG4
D. 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 delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- ---------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ---------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ---------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ---------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ---------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
---------------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
------------------
2. Bankruptcy Loss Amount: $ 0.00
------------------
3. Fraud Loss Amount: $ 0.00
------------------
4. Certificate Interest Rate of the Class S Certificate: % 0.35544786
-----------
*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 99.43
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
August, 1998
Series 1998-12D, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (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 $ 154,071.93
------------------
(b) Interest $ 1,226,228.36
------------------
(c) Total $ 1,380,300.29
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 138,955.38
------------------
(b) Interest $ 1,112,180.75
------------------
(c) Total $ 1,251,136.13
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 15,116.55
------------------
(b) Interest $ 114,047.61
------------------
(c) Total $ 129,164.16
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 26,461.12
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 1,354,402.06
------------------
(b) Interest $ 10,413.47
------------------
(c) Total $ 1,364,815.53
------------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
------------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
------------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 324,000.00
------------------
(b) Interest $ 1,956.56
------------------
(c) Total $ 325,956.56
------------------
12. Pool Scheduled Principal Balance: $ 199,505,411.15
-----------------
13. Available Funds: $ 2,989,758.21
-----------------
14. Realized Losses for prior month: $ 0.00
-----------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
------------------
17. Compensating Interest Payment: $ 145.27
------------------
18. Total interest payments: $ 1,130,822.75
------------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
PO4 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
4A1 $ 403,593.75 $ 0.00 $ 403,593.75 % 6.750000000
4A2 $ 60,914.04 $ 0.00 $ 60,914.04 % 6.556250345
4A3 $ 22,704.85 $ 0.00 $ 22,704.85 % 7.331249773
4A4 $ 113,287.50 $ 0.00 $ 113,287.50 % 6.750000000
4A5 $ 253,687.50 $ 0.00 $ 253,687.50 % 6.750000000
4A6 $ 109,687.50 $ 0.00 $ 109,687.50 % 6.750000000
4A7 $ 18,229.17 $ 0.00 $ 18,229.17 % 7.000001280
4A8 $ 16,927.08 $ 0.00 $ 16,927.08 % 6.499998720
4A9 $ 18,562.50 $ 0.00 $ 18,562.50 % 6.750000000
4A10 $ 18,083.33 $ 0.00 $ 18,083.33 % 6.999998710
4A11 $ 16,791.67 $ 0.00 $ 16,791.67 % 6.500001290
4A12 $ 21,093.75 $ 0.00 $ 21,093.75 % 6.750000000
4A13 $ 11,952.56 $ 0.00 $ 11,952.56 % 6.749998588
SUP4 $ 64,178.75 $ 0.00 $ 64,178.75 % 0.417430027
4R $ 0.56 $ 0.00 $ 0.56 % 6.720000000
4M $ 20,954.48 $ 0.00 $ 20,954.48 % 6.750001611
4B1 $ 9,061.39 $ 0.00 $ 9,061.39 % 6.749999069
4B2 $ 5,097.03 $ 0.00 $ 5,097.03 % 6.749997517
4B3 $ 4,530.70 $ 0.00 $ 4,530.70 % 6.750006518
4B4 $ 2,265.35 $ 0.00 $ 2,265.35 % 6.750014898
4B5 $ 3,398.04 $ 0.00 $ 3,398.04 % 6.749993631
20. Principal Distribution Amount: $ 1,858,935.46
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class PO4 $ 313.38 $ 0.00
Class 4A1 $ 965,736.15 $ 0.00
Class 4A2 $ 0.00 $ 0.00
Class 4A3 $ 0.00 $ 0.00
Class 4A4 $ 0.00 $ 0.00
Class 4A5 $ 519,810.43 $ 0.00
Class 4A6 $ 366,813.96 $ 0.00
Class 4A7 $ 0.00 $ 0.00
Class 4A8 $ 0.00 $ 0.00
Class 4A9 $ 0.00 $ 0.00
Class 4A10 $ 0.00 $ 0.00
Class 4A11 $ 0.00 $ 0.00
Class 4A12 $ 0.00 $ 0.00
Class 4A13 $ 0.00 $ 0.00
Class SUP4 $ 0.00 $ 0.00
Class 4R $ 100.00 $ 0.00
Class 4M $ 2,849.71 $ 0.00
Class 4B1 $ 1,232.31 $ 0.00
Class 4B2 $ 693.17 $ 0.00
Class 4B3 $ 616.15 $ 0.00
Class 4B4 $ 308.08 $ 0.00
Class 4B5 $ 462.12 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
-----------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
-----------------
24. Subordinate Certificate Writedown Amount: $ 0.31
-----------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
4B1 $ 0.00 $ 0.00
4B2 $ 0.00 $ 0.00
4B3 $ 0.00 $ 0.00
4B4 $ 0.00 $ 0.00
4B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
------------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class 4A2 % 6.55625034
Class 4A3 % 7.33124977
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied: Yes No
Class-4B1 X
Class-4B2 X
Class-4B3 X
Class-4B4 X
Class-4B5 X
2. Base Servicing Fee amount: $ 15,475.27
------------
3. Supplemental Servicing Fee amount: $ 64,178.75
------------
4. Credit Losses for prior month: $ 0.00
------------
Category Category Category
A B C
5. Senior Percentage: % 95.993450 N/A N/A N/A
----------- ---- ------ ------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
8. Senior Prepayment Percentage:
%100.000000 N/A N/A N/A
----------- ---- ------ ------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
11. Junior Percentage: % 4.006550
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President,
Investor Operations
<PAGE>
Exhibit 99.44
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
August, 1998
Series 1998-12D, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.372076
-------------------------
Weighted average maturity 357.37
-------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
PO4 $ 0.95196724 $ 0.08414542 $ 0.00000000 % 0.00000000
4A1 $ 13.45973728 $ 12.38711275 $ 5.62500000 % 6.75000000
4A2 $ 0.00000000 $ 0.00000000 $ 5.46354195 % 6.55625034
4A3 $ 0.00000000 $ 0.00000000 $ 6.10937481 % 7.33124977
4A4 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
4A5 $ 11.52573016 $ 10.60722927 $ 5.62500000 % 6.75000000
4A6 $ 18.81097231 $ 17.31190103 $ 5.62500000 % 6.75000000
4A7 $ 0.00000000 $ 0.00000000 $ 5.83333440 % 7.00000128
4A8 $ 0.00000000 $ 0.00000000 $ 5.41666560 % 6.49999872
4A9 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
4A10 $ 0.00000000 $ 0.00000000 $ 5.83333226 % 6.99999871
4A11 $ 0.00000000 $ 0.00000000 $ 5.41666774 % 6.50000129
4A12 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
4A13 $ 0.00000000 $ 0.00000000 $ 5.62499882 % 6.74999859
SUP4 $ 0.00000000 $ 0.00000000 $ 0.34785836 % 0.41743003
4R $ 1000.00000000 $ 920.30000000 $ 5.60000000 % 6.72000000
4M $ 0.76497353 $ 0.00000000 $ 5.62500134 % 6.75000161
4B1 $ 0.76497566 $ 0.00000000 $ 5.62499922 % 6.74999907
4B2 $ 0.76497094 $ 0.00000000 $ 5.62499793 % 6.74999752
4B3 $ 0.76496945 $ 0.00000000 $ 5.62500543 % 6.75000652
4B4 $ 0.76498282 $ 0.00000000 $ 5.62501242 % 6.75001490
4B5 $ 0.76497703 $ 0.00000000 $ 5.62499469 % 6.74999363
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 15,475.27
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 199,505,411.15
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 638
-----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
PO4 $ 329,192.00 $ 328,878.31 $ 999.05
4A1 $ 71,750,000.00 $ 70,784,263.85 $ 986.54 36157RNF8
4A2 $ 11,149,185.00 $ 11,149,185.00 $ 1,000.00 36157RNG6
4A3 $ 3,716,395.00 $ 3,716,395.00 $ 1,000.00 36157RNH4
4A4 $ 20,140,000.00 $ 20,140,000.00 $ 1,000.00 36157RNJ0
4A5 $ 45,100,000.00 $ 44,580,189.57 $ 988.47 36157RNK7
4A6 $ 19,500,000.00 $ 19,133,186.04 $ 981.19 36157RNL5
4A7 $ 3,125,000.00 $ 3,125,000.00 $ 1,000.00 36157RNM3
4A8 $ 3,125,000.00 $ 3,125,000.00 $ 1,000.00 36157RNN1
4A9 $ 3,300,000.00 $ 3,300,000.00 $ 1,000.00 36157RNP6
4A10 $ 3,100,000.00 $ 3,100,000.00 $ 1,000.00 36157RNQ4
4A11 $ 3,100,000.00 $ 3,100,000.00 $ 1,000.00 36157RNR2
4A12 $ 3,750,000.00 $ 3,750,000.00 $ 1,000.00 36157RNS0
4A13 $ 2,124,900.00 $ 2,124,900.00 $ 1,000.00 36157RNT8
SUP4 $ 184,496,789.90 $ 182,653,907.96 $ 990.01
4R $ 100.00 $ 0.00 $ 0.00 36157RNX9
4M $ 3,725,240.00 $ 3,722,390.29 $ 999.24 36157RNU5
4B1 $ 1,610,914.00 $ 1,609,681.69 $ 999.24 36157RNV3
4B2 $ 906,139.00 $ 905,445.83 $ 999.24 36157RNW1
4B3 $ 805,457.00 $ 804,840.85 $ 999.24 36157RPH2
4B4 $ 402,728.00 $ 402,419.92 $ 999.24 36157RPJ8
4B5 $ 604,096.57 $ 603,634.45 $ 999.24 36157RPK5
D. 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 delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- ---------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ---------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ---------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ---------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ---------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
---------------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
4A2 % 6.55625034
4A3 % 7.33124977
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
------------------
2. Bankruptcy Loss Amount: $ 0.00
------------------
3. Fraud Loss Amount: $ 0.00
------------------
4. Certificate Interest Rate of the Class S Certificate: % 0.41743003
-------------
*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.
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