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Previous: HARLEYSVILLE GROUP INC, 4, 1998-06-09 |
Next: RADVA CORP, 10-K, 1998-06-09 |
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) May 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 May 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 $ 4,087,230.22
--------------
Series 1998-02 $ 9,462,240.56
--------------
Series 1998-03 $ 6,002,736.05
--------------
Series 1998-04 $10,707,855.38
--------------
Series 1998-HE1 $ 3,015,495.37
--------------
Series 1998-05 $ 7,030,663.68
--------------
Series 1998-6A $ 1,633,272.66
--------------
Series 1998-6B $ 2,687,248.50
--------------
Series 1998-07 $ 2,946,675.73
-------------
Series 1998-08A $ 4,043,293.36
-------------
Series 1998-08B $ 1,487,689.29
-------------
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
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Michael Whiting
----------------------------------------------
Name: Michael Whiting
Title: Vice President, Escrow Operations
<PAGE>
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
Exhibit 99.1
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
May, 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 $ 606,333.01
-----------------------------
(b) Interest $ 1,143,997.88
-----------------------------
(c) Total $ 1,750,330.89
-----------------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 232,065.59
-----------------------------
(b) Interest $ 435,048.67
-----------------------------
(c) Total $ 667,114.26
-----------------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 374,267.42
-----------------------------
(b) Interest $ 708,949.21
-----------------------------
(c) Total $ 1,083,216.63
-----------------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 353,428.97
-----------------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 2,076,199.36
-----------------------------
(b) Interest $ 12,650.09
-----------------------------
(c) Total $ 2,088,849.45
-----------------------------
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: $ 184,011,288.56
----------------------------
13. Available Funds: $ 4,087,230.22
----------------------------
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: $ 3,418.11
-----------------------------
18. Total interest payments: $ 1,051,268.88
-----------------------------
19. Interest
Unpaid Class
Accrued 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 $ 328,900.50 $ 0.00 $ 328,900.50 % 6.750000038
A2 $ 549,200.93 $ 0.00 $ 549,200.93 % 6.750000048
A3 $ 148,067.61 $ 0.00 $ 148,067.61 % 6.750000217
M $ 8,366.45 $ 0.00 $ 8,366.45 % 6.749997817
B1 $ 5,577.63 $ 0.00 $ 5,577.63 % 6.750005015
B2 $ 2,788.80 $ 0.00 $ 2,788.80 % 6.750002541
B3 $ 4,462.11 $ 0.00 $ 4,462.11 % 6.750005616
B4 $ 1,673.28 $ 0.00 $ 1,673.28 % 6.750002496
B5 $ 2,231.57 $ 0.00 $ 2,231.57 % 6.749990396
20. Principal Distribution Amount: $ 3,035,961.34
-----------------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 632.44 $ 0.00
Class A1 $ 968,226.62 $ 0.00
Class A2 $ 1,967,317.14 $ 0.00
Class A3 $ 85,321.75 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 4,821.04 $ 0.00
Class B1 $ 3,214.02 $ 0.00
Class B2 $ 1,607.00 $ 0.00
Class B3 $ 2,571.22 $ 0.00
Class B4 $ 964.20 $ 0.00
Class B5 $ 1,285.91 $ 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: $ 42,869.27
------------------
3. Supplemental Servicing Fee amount: $ 65,047.19
------------------
4. Credit Losses for prior month: $ 0.00
------------------
Category Category Category
A B C
5. Senior Percentage: % 97.612425 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: % 2.387575
-----------
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/ Mike Whiting
-------------------------------
Name: Mike Whiting
Title: Vice President,
Escrow Operations
Exhibit 99.2
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
May, 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 % 7.436919
-------------------------
Weighted average maturity 172.76
-------------------------
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 $ 4.03449904 $ 0.49381850 $ 0.00000000 % 0.00000000
A1 $ 15.44960300 $ 12.42544471 $ 5.24813308 % 6.75000004
A2 $ 18.50928184 $ 14.88621148 $ 5.16709512 % 6.75000005
A3 $ 3.21095730 $ 2.58243320 $ 5.57230452 % 6.75000022
M $ 3.21095485 $ 0.00000000 $ 5.57230250 % 6.74999782
B1 $ 3.21095354 $ 0.00000000 $ 5.57230845 % 6.75000501
B2 $ 3.21094960 $ 0.00000000 $ 5.57230631 % 6.75000254
B3 $ 3.21095452 $ 0.00000000 $ 5.57230898 % 6.75000562
B4 $ 3.21094960 $ 0.00000000 $ 5.57230631 % 6.75000250
B5 $ 3.21095565 $ 0.00000000 $ 5.57229689 % 6.74999040
2. Unanticipated Recoveries: $ 0.00
-------------------
B. Accrual Amount
1.
Class Accrual Amount
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 42,869.27
-------------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 184,011,288.56
-------------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 573
-------------------
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 $ 155,006.13 $ 154,373.69 $ 984.79 GEC9801PO
A1 $ 58,471,199.67 $ 57,502,973.05 $ 917.55 36157RCK9
A2 $ 97,635,720.19 $ 95,668,403.05 $ 900.09 36157RCL7
A3 $ 26,323,129.82 $ 26,237,808.07 $ 987.42 36157RCM5
SUP $ 174,647,333.85 $ 171,658,559.84 $ 914.76 GEC98001S
M $ 1,487,369.37 $ 1,482,548.33 $ 987.42 36157RCP8
B1 $ 991,577.93 $ 988,363.90 $ 987.42 36157RCQ6
B2 $ 495,786.48 $ 494,179.48 $ 987.42 36157RCR4
B3 $ 793,263.34 $ 790,692.11 $ 987.42 36157RCG8
B4 $ 297,471.89 $ 296,507.69 $ 987.42 36157RCH6
B5 $ 396,724.12 $ 395,438.21 $ 987.42 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 3 Principal Balance $ 867,801.77
-------- ------------------
2. 60-89 days
Number 1 Principal Balance $ 219,252.14
-------- ------------------
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
-------- ------------------
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 99.3
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
May, 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 $ 313,990.72
-------------------
(b) Interest $ 2,674,852.58
-------------------
(c) Total $ 2,988,843.30
-------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 273,538.25
-------------------
(b) Interest $ 2,329,433.72
-------------------
(c) Total $ 2,602,971.97
-------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 40,452.47
-------------------
(b) Interest $ 345,418.86
-------------------
(c) Total $ 385,871.33
-------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 275,747.46
-------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 6,405,376.49
-------------------
(b) Interest $ 41,141.69
-------------------
(c) Total $ 6,446,518.18
-------------------
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: $ 416,231,001.51
-------------------
13. Available Funds: $ 9,462,240.56
-------------------
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: $ 7,516.54
------------------------
18. Total interest payments: $ 2,467,125.90
------------------------
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 $ 109,916.68 $ 0.00 $ 109,916.68 % 6.999999988
A2 $ 21,583.33 $ 0.00 $ 21,583.33 % 6.999998919
A3 $ 137,216.58 $ 0.00 $ 137,216.58 % 7.000000240
A4 $ 143,272.50 $ 0.00 $ 143,272.50 % 7.000000000
A5 $ 198,686.24 $ 0.00 $ 198,686.24 % 6.999999853
A6 $ 338,834.14 $ 0.00 $ 338,834.14 % 6.999999909
A7 $ 57,166.67 $ 0.00 $ 57,166.67 % 7.000000408
A8 $ 5,572.18 $ 0.00 $ 5,572.18 % 7.249997579
A9 $ 26,708.07 $ 0.00 $ 26,708.07 % 6.949999825
A10 $ 19,250.00 $ 0.00 $ 19,250.00 % 7.000000000
A11 $ 128,283.85 $ 0.00 $ 128,283.85 % 6.999999791
A12 $ 1,169,116.24 $ 0.00 $ 1,169,116.24 % 7.000000026
M $ 45,919.72 $ 0.00 $ 45,919.72 % 7.000000569
B1 $ 26,239.84 $ 0.00 $ 26,239.84 % 7.000000569
B2 $ 13,119.92 $ 0.00 $ 13,119.92 % 7.000000600
B3 $ 13,119.92 $ 0.00 $ 13,119.92 % 7.000000600
B4 $ 3,934.81 $ 0.00 $ 3,934.81 % 6.999997168
B5 $ 9,185.21 $ 0.00 $ 9,185.21 % 6.999999149
20. Principal Distribution Amount: $ 6,995,114.66
----------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 270.87 $ 0.00
Class A1 $ 494,567.44 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 461,840.66 $ 0.00
Class A4 $ 0.00 $ 0.00
Class A5 $ 0.00 $ 0.00
Class A6 $ 1,572,153.43 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A8 $ 19,652.81 $ 0.00
Class A9 $ 98,264.13 $ 0.00
Class A10 $ 0.00 $ 0.00
Class A11 $ 16,313.68 $ 0.00
Class A12 $ 4,317,869.88 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 5,839.55 $ 0.00
Class B1 $ 3,336.88 $ 0.00
Class B2 $ 1,668.44 $ 0.00
Class B3 $ 1,668.44 $ 0.00
Class B4 $ 500.38 $ 0.00
Class B5 $ 1,168.07 $ 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: $ 88,714.05
-------------------
3. Supplemental Servicing Fee amount: $ 161,168.87
-------------------
4. Credit Losses for prior month: $ 0.00
-------------------
Category Category Category
A B C
5. Senior Percentage: % 95.479784 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: % 4.520216
-----------
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/ Mike Whiting
-------------------------------
Name: Mike Whiting
Title: Vice President,
Escrow Operations
Exhibit 99.4
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
May, 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 % 7.709111
----------------------
Weighted average maturity 353.21
----------------------
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 $ 0.93058490 $ 0.07259297 $ 0.00000000 % 0.00000000
A1 $ 23.78479699 $ 22.76412686 $ 5.28612624 % 6.99999999
A2 $ 0.00000000 $ 0.00000000 $ 5.83333243 % 6.99999892
A3 $ 18.22263871 $ 17.44065567 $ 5.41409274 % 7.00000024
A4 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
A5 $ 0.00000000 $ 0.00000000 $ 5.83333321 % 6.99999985
A6 $ 24.44948090 $ 23.40028717 $ 5.26940862 % 6.99999991
A7 $ 0.00000000 $ 0.00000000 $ 5.83333367 % 7.00000041
A8 $ 19.65282965 $ 18.80946881 $ 5.57218557 % 7.24999758
A9 $ 19.65282600 $ 18.80947000 $ 5.34161400 % 6.94999982
A10 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
A11 $ 0.74021380 $ 0.70844941 $ 5.82072690 % 6.99999979
A12 $ 19.85684010 $ 19.00472904 $ 5.37648305 % 7.00000003
M $ 0.74021422 $ 0.00000000 $ 5.82072760 % 7.00000057
B1 $ 0.74021295 $ 0.00000000 $ 5.82072760 % 7.00000057
B2 $ 0.74021295 $ 0.00000000 $ 5.82072760 % 7.00000060
B3 $ 0.74021295 $ 0.00000000 $ 5.82072760 % 7.00000060
B4 $ 0.74020710 $ 0.00000000 $ 5.82072485 % 6.99999717
B5 $ 0.74021344 $ 0.00000000 $ 5.82072641 % 6.99999915
2. Unanticipated Recoveries: $ 0.00
-------------------
B. Accrual Amount
1.
Class Accrual Amount
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 88,714.05
-------------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 416,231,001.51
-------------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,398
-------------------
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 $ 290,245.47 $ 289,974.61 $ 996.22 GEC9802PO
A1 $ 18,842,859.46 $ 18,348,292.02 $ 882.41 36157RCS2
A2 $ 3,700,000.00 $ 3,700,000.00 $ 1,000.00 36157RCT0
A3 $ 23,522,841.48 $ 23,061,000.82 $ 909.91 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 $ 58,085,853.33 $ 56,513,699.90 $ 878.88 36157RCX1
A7 $ 9,800,000.00 $ 9,800,000.00 $ 1,000.00 36157RCY9
A8 $ 922,292.17 $ 902,639.36 $ 902.64 36157RCZ6
A9 $ 4,611,465.44 $ 4,513,201.31 $ 902.64 36157RDA0
A10 $ 3,300,000.00 $ 3,300,000.00 $ 1,000.00 36157RDB8
A11 $ 21,991,517.80 $ 21,975,204.12 $ 997.10 36157RDC6
A12 $ 200,419,926.11 $ 196,102,056.23 $ 901.83 36157RDD4
SUP $ 410,007,494.99 $ 403,024,950.33 $ 921.11 GEC98002S
M $ 7,871,951.36 $ 7,866,111.81 $ 997.10 36157RDF9
B1 $ 4,498,257.92 $ 4,494,921.03 $ 997.10 36157RDG7
B2 $ 2,249,128.95 $ 2,247,460.51 $ 997.10 36157RDH5
B3 $ 2,249,128.95 $ 2,247,460.51 $ 997.10 36157RDJ1
B4 $ 674,539.13 $ 674,038.74 $ 997.10 36157RDK8
B5 $ 1,574,607.62 $ 1,573,439.55 $ 997.10 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 1 Principal Balance $ 112,355.99
-------- ---------------------
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: $ 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 99.5
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
May, 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 $ 227,137.88
---------------
(b) Interest $ 1,900,147.13
---------------
(c) Total $ 2,127,285.01
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 189,828.98
---------------
(b) Interest $ 1,588,286.62
---------------
(c) Total $ 1,778,115.60
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 37,308.90
---------------
(b) Interest $ 311,860.51
---------------
(c) Total $ 349,169.41
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 42,759.32
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 3,969,921.99
---------------
(b) Interest $ 23,462.64
---------------
(c) Total $ 3,993,384.63
---------------
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: $ 298,093,150.54
---------------
13. Available Funds: $ 6,002,736.05
---------------
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: $ 1,756.22
------------------------
18. Total interest payments: $ 1,762,916.86
------------------------
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 $ 196,520.87 $ 0.00 $ 196,520.87 % 6.999999890
A8 $ 683,412.20 $ 0.00 $ 683,412.20 % 7.000000005
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 $ 31,971.73 $ 0.00 $ 31,971.73 % 6.999998940
B1 $ 18,270.39 $ 0.00 $ 18,270.39 % 6.999998384
B2 $ 9,138.11 $ 0.00 $ 9,138.11 % 7.000002024
B3 $ 9,138.11 $ 0.00 $ 9,138.11 % 7.000002024
B4 $ 2,741.43 $ 0.00 $ 2,741.43 % 6.999994319
B5 $ 6,397.35 $ 0.00 $ 6,397.35 % 7.000000392
20. Principal Distribution Amount: $ 4,239,819.19
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 129.35 $ 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 $ 944,642.47 $ 0.00
Class A8 $ 3,285,046.42 $ 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 $ 4,117.43 $ 0.00
Class B1 $ 2,352.92 $ 0.00
Class B2 $ 1,176.84 $ 0.00
Class B3 $ 1,176.84 $ 0.00
Class B4 $ 353.05 $ 0.00
Class B5 $ 823.87 $ 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: $ 64,337.38
--------------
3. Supplemental Servicing Fee amount: $ 98,161.78
--------------
4. Credit Losses for prior month: $ 0.00
--------------
Category Category Category
A B C
5. Senior Percentage: % 95.594964 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: % 4.405036
-----------
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/ Mike Whiting
-------------------------------
Name: Mike Whiting
Title: Vice President,
Escrow Operations
Exhibit 99.6
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
May, 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 % 7.64491
-------------------------
Weighted average maturity 353.83
-------------------------
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 $ 1.07577408 $ 0.21565382 $ 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 $ 27.37538673 $ 25.97070276 $ 5.69510157 % 6.99999989
A8 $ 27.37538683 $ 25.97070283 $ 5.69510167 % 7.00000000
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 $ 0.74957764 $ 0.00000000 $ 5.82044966 % 6.99999894
B1 $ 0.74957630 $ 0.00000000 $ 5.82044919 % 6.99999838
B2 $ 0.74957962 $ 0.00000000 $ 5.82045223 % 7.00000202
B3 $ 0.74957962 $ 0.00000000 $ 5.82045223 % 7.00000202
B4 $ 0.74957537 $ 0.00000000 $ 5.82044586 % 6.99999432
B5 $ 0.74957515 $ 0.00000000 $ 5.82045052 % 7.00000039
2. Unanticipated Recoveries: $ 0.00
--------------------
B. Accrual Amount
1.
Class Accrual Amount
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 64,337.38
--------------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 298,093,150.54
--------------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 995
--------------------
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 $ 118,649.87 $ 118,520.51 $ 985.71 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 $ 33,689,292.53 $ 32,744,650.05 $ 948.93 36157RDT9
A8 $ 117,156,377.06 $ 113,871,330.64 $ 948.93 36157RDU6
A9 $ 0.00 $ 0.00 $ 0.00 36157RDV4
A10 $ 10,900,000.00 $ 10,900,000.00 $ 1,000.00 36157RDW2
SUP $ 292,992,830.18 $ 288,762,175.01 $ 948.81 GEC98003S
RL $ 0.00 $ 0.00 $ 0.00 36157RDY8
M $ 5,480,868.83 $ 5,476,751.40 $ 997.04 36157RDZ5
B1 $ 3,132,067.58 $ 3,129,714.66 $ 997.04 36157REA9
B2 $ 1,566,532.69 $ 1,565,355.85 $ 997.04 36157REB7
B3 $ 1,566,532.69 $ 1,565,355.85 $ 997.04 36157REC5
B4 $ 469,959.81 $ 469,606.75 $ 997.04 36157RED3
B5 $ 1,096,688.51 $ 1,095,864.64 $ 997.04 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 4 Principal Balance $ 1,255,919.88
-------- ------------------
2. 60-89 days
Number 2 Principal Balance $ 883,273.94
-------- ------------------
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):
Class Ending Notional Balance
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):
Class Ending Component Balance
Class A7_1 $ 5,785,385.78
Class A7_2 $ 26,959,264.27
Class A8_1 $ 20,118,998.87
Class A8_2 $ 93,752,331.78
Exhibit 99.7
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
May, 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 $ 445,938.66
-----------------
(b) Interest $ 3,646,341.37
-----------------
(c) Total $ 4,092,280.03
-----------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 368,804.68
-----------------
(b) Interest $ 3,034,285.92
-----------------
(c) Total $ 3,403,090.60
-----------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 77,133.98
-----------------
(b) Interest $ 612,055.45
-----------------
(c) Total $ 689,189.43
-----------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 161,112.85
-----------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 5,487,277.88
-----------------
(b) Interest $ 42,484.95
-----------------
(c) Total $ 5,529,762.83
-----------------
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 $ 1,314,940.70
---------------
(b) Interest $ 7,096.61
---------------
(c) Total $ 1,322,037.31
---------------
12. Pool Scheduled Principal Balance: $ 579,220,356.58
---------------
13. Available Funds: $ 10,707,855.38
---------------
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: $ 3,450.10
------------------------
18. Total interest payments: $ 3,298,585.30
------------------------
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 $ 562,680.54 $ 0.00 $ 562,680.54 % 6.499999979
A2 $ 474,075.78 $ 0.00 $ 474,075.78 % 7.000000049
A3 $ 95,230.81 $ 0.00 $ 95,230.81 % 6.137499989
A4 $ 36,657.02 $ 0.00 $ 36,657.02 % 11.024983885
A5 $ 911,754.74 $ 0.00 $ 911,754.74 % 6.749999999
A6 $ 534,424.03 $ 0.00 $ 534,424.03 % 6.487499985
A7 $ 206,973.47 $ 0.00 $ 206,973.47 % 7.537500046
A8 $ 338,295.12 $ 0.00 $ 338,295.12 % 6.749999963
M $ 62,495.79 $ 0.00 $ 62,495.79 % 6.750000527
B1 $ 30,402.60 $ 0.00 $ 30,402.60 % 6.750000908
B2 $ 15,198.49 $ 0.00 $ 15,198.49 % 6.750000144
B3 $ 13,513.51 $ 0.00 $ 13,513.51 % 6.749998505
B4 $ 6,755.63 $ 0.00 $ 6,755.63 % 6.749996846
B5 $ 10,127.72 $ 0.00 $ 10,127.72 % 6.750000058
20. Principal Distribution Amount: $ 7,409,270.08
---------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
Class R $ 0.00 $ 0.00
Class PO $ 221.50 $ 0.00
Class A1 $ 2,075,724.54 $ 0.00
Class A2 $ 235,215.64 $ 0.00
Class A3 $ 1,515,713.21 $ 0.00
Class A4 $ 324,795.69 $ 0.00
Class A5 $ 3,238,884.31 $ 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 $ 8,445.30 $ 0.00
Class B1 $ 4,108.42 $ 0.00
Class B2 $ 2,053.83 $ 0.00
Class B3 $ 1,826.13 $ 0.00
Class B4 $ 912.91 $ 0.00
Class B5 $ 1,368.60 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.05
-----------------
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 % 6.13749999
Class A4 % 11.02498388
Class A6 % 6.48749998
Class A7 % 7.53750005
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: $ 125,725.33
--------------------
3. Supplemental Servicing Fee amount: $ 265,348.11
--------------------
4. Credit Losses for prior month: $ 0.00
--------------------
Category Category Category
A B C
5. Senior Percentage: % 95.801420 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: % 4.198580
-----------
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/ Mike Whiting
-------------------------------
Name: Mike Whiting
Title: Vice President,
Escrow Operations
Exhibit 99.8
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
May, 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 % 7.550739
-----------------------
Weighted average maturity 354.66
-----------------------
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 $ 0.50000000 % 0.00000000
PO $ 1.02220704 $ 0.15404637 $ 0.00000000 % 0.00000000
A1 $ 19.21593523 $ 18.10558160 $ 5.20899214 % 6.49999998
A2 $ 2.88063830 $ 2.71418645 $ 5.80591006 % 7.00000005
A3 $ 69.80350051 $ 65.77004743 $ 4.38568711 % 6.13749999
A4 $ 69.80350097 $ 65.77004728 $ 7.87814743 % 11.02498388
A5 $ 19.21593520 $ 18.10558160 $ 5.40933801 % 6.75000000
A6 $ 0.00000000 $ 0.00000000 $ 5.40624999 % 6.48749998
A7 $ 0.00000000 $ 0.00000000 $ 6.28125004 % 7.53750005
A8 $ 0.00000000 $ 0.00000000 $ 5.62499997 % 6.74999996
M $ 0.75899164 $ 0.00000000 $ 5.61658938 % 6.75000053
B1 $ 0.75899132 $ 0.00000000 $ 5.61658969 % 6.75000091
B2 $ 0.75899113 $ 0.00000000 $ 5.61658906 % 6.75000014
B3 $ 0.75899002 $ 0.00000000 $ 5.61658770 % 6.74999850
B4 $ 0.75898736 $ 0.00000000 $ 5.61658630 % 6.74999685
B5 $ 0.75899251 $ 0.00000000 $ 5.61658897 % 6.75000006
2. Unanticipated Recoveries: $ 0.00
------------------
B. Accrual Amount
1.
Class Accrual Amount
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 125,725.33
------------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 579,220,356.58
------------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,901
------------------
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 $ 214,462.05 $ 214,240.54 $ 988.71 GEC9804PO
A1 $ 103,879,484.64 $ 101,803,760.10 $ 942.44 36157REF8
A2 $ 81,270,133.14 $ 81,034,917.50 $ 992.42 36157REG6
A3 $ 18,619,465.94 $ 17,103,752.73 $ 787.68 36157REH4
A4 $ 3,989,885.56 $ 3,665,089.87 $ 787.68 36157REJ0
A5 $ 162,089,731.58 $ 158,850,847.26 $ 942.44 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 $ 573,737,604.99 $ 566,341,994.26 $ 962.87 GEC98004S
M $ 11,110,361.80 $ 11,101,916.51 $ 997.75 36157REQ4
B1 $ 5,404,905.94 $ 5,400,797.52 $ 997.75 36157RER2
B2 $ 2,701,953.72 $ 2,699,899.89 $ 997.75 36157RES0
B3 $ 2,402,402.31 $ 2,400,576.18 $ 997.75 36157RET8
B4 $ 1,201,001.45 $ 1,200,088.54 $ 997.75 36157REU5
B5 $ 1,800,483.54 $ 1,799,114.95 $ 997.75 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 11 Principal Balance $ 3,043,716.41
-------- ---------------
2. 60-89 days
Number 1 Principal Balance $ 273,561.61
-------- ---------------
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
A3 % 6.13749999
A4 % 11.02498388
A6 % 6.48749998
A7 % 7.53750005
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
MAY 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: $1,432,402.81
(2) Aggregate Monthly Payments received and Monthly Advances made
this Month:
(a) Principal $ 212,615.80
(b) Interest $1,195,441.45
(c) Total $1,408,057.25
(3) Aggregate Principal Prepayments in part received on Self-
Amortizing Mortgage Loans and applied in the applicable
Prepayment Period:
(a) Principal $ 29,205.18
(c) Total $ 29,205.18
(4) Aggregate Principal Prepayments in full received in the
applicable Prepayment period:
(a) Principal $ 525,442.76
(b) Interest $ 4,295.94
(c) Total $ 529,738.70
(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 $ 143,118.10
(b) Interest $ 0.00
(c) Total $ 143,118.10
** (8) Aggregate Purchase Prices for (and substitution adjustments) for
Defective Mortgage Loans:
(a) Principal $ 959,616.21
(b) Interest $ 15,548.61
(c) Total $ 975,164.82
** The Company has repurchased the Mortgage Loans due to defective appraisals.
All of such Mortgage Loans were originated by one specific lender and had
appraisals prepared by one specific appraiser.
(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 $153,633,695.85
(11) Available Funds: $ 3,015,495.37
(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: $ 863.24
(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 8.947%
Class B4 36157RFA8 8.947%
Class B5 36157RFB6 8.947%
Class S 36198HE1 2.35%
(20) Accrued Certificate Interest and Pay-out Rate:
Class A1 36158GAV0 $ 235,970.81 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 $ 300,677.20 2.35%
Class M 36158GBE7 $ 22,390.01 6.950%
Class B1 36158GBF4 $ 20,993.05 7.240%
Class B2 36158GBC2 $ 9,781.99 7.590%
Class B3 36157REZ4 $ 11,531.20 8.947%
Class B4 36157RFA8 $ 8,650.26 8.947%
Class B5 36157RFB6 $ 8,656.92 8.947%
Total $1,145,497.32
(21) Principal distributable:
Class A1 36158GAV0 $1,852,339.63
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 $ 5,350.07
Class B1 36158GBF4 $ 4,815.34
Class B2 36158GBC2 $ 2,140.31
Class B3 36157REZ4 $ 2,140.31
Class B4 36157RFA8 $ 1,605.58
Class B5 36157RFB6 $ 1,606.81
Class R1 36158GBC1 $ 0.00
Class R2 36158GBD9 $ 0.00
Total $1,869,998.05
(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 91.694683%
2) Senior Prepayment Percentage for such Distribution
Date 100.000000%
3) Junior Percentage for such Distribution Date 8.305317%
4) Junior Prepayment Percentage for such Distribution Date 0.000000%
5) Subordinate Certfificate Writedown Amount or 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 Neet
-----------------------------------
Name: Tim Neer
Title: Vice President,
Investor Operations
Exhibit 99.10
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
MAY 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 $41.53227877
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 $ 1.38173417
Class B1 36158GBF4 $ 1.38173417
Class B2 36158GBC2 $ 1.38173417
Class B3 36157REZ4 $ 1.38173417
Class B4 36157RFA8 $ 1.38173417
Class B5 36157RFB6 $ 1.38173417
Class R1 36158GBC1 $ 0.00000000
Class R2 36158GBD9 $ 0.00000000
(2) Aggregate Principal prepayments included in distribution:
Class A1 36158GAV0 $1,657,382.25
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 $ 0.00000000
Class B1 36158GBF4 $ 0.00000000
Class B2 36158GBC2 $ 0.00000000
Class B3 36157REZ4 $ 0.00000000
Class B4 36157RFA8 $ 0.00000000
Class B5 36157RFB6 $ 0.00000000
Class R1 36158GBC1 $ 0.00000000
Class R2 36158GBD9 $ 0.00000000
(3) Amount of distribution allocable to interest Pay-out Rate:
Class A1 36158GAV0 $5.29082526 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 $1.95710450 2.35%
Class M 36158GBE7 $5.78254470 6.950%
Class B1 36158GBF4 $6.02383074 7.240%
Class B2 36158GBC2 $6.31503803 7.590%
Class B3 36157REZ4 $7.44428581 8.947%
Class B4 36157RFA8 $7.44428581 8.947%
Class B5 36157RFB6 $7.44428581 8.947%
(4) Servicing Compensation: $64,728.43
The amounts below are for the aggregate of all Certificates:
(5) Pool Principal Balance; $153,633,695.85
number of Mortgage Loans: 2,228
(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 $41,544,590.28 $ 931.49305566
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 $ 3,860,551.47 $ 997.04325081
Class B1 36158GBF4 $ 3,474,695.73 $ 997.04325081
Class B2 36158GBC2 $ 1,544,420.00 $ 997.04325081
Class B3 36157REZ4 $ 1,544,420.00 $ 997.04325081
Class B4 36157RFA8 $ 1,158,564.26 $ 997.04325081
Class B5 36157RFB6 $ 1,159,456.07 $ 997.04325081
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; $0.00
number of related Mortgage Loans: 0
(8) Aggregate Scheduled Principal Balance and number of delinquent
Mortgage Loans:
One Payment Delinquent $105,790.83
2
Two Payments Delinquent $ 0.00
0
Three or more Payments Delinquent $318,750.00
1
TOTAL $424,540.83
3
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 8.947%
Class B4 36157NFU3 8.947%
Class B5 36157NFV1 8.947%
Class S 36197HE4 2.35%
(12) Senior Percentage for such Distribution Date 91.694683%
(13) Senior Prepayment Percentage for such Distribution
Date 100.000000%
(14) Junior Percentage for such Distribution Date 8.305317%
(15) Junior Prepayment Percentage for such Distribution Date 0.000000%
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-----------------------------------
Name: Tim Neer
Title: Vice President,
Investor Operations
Exhibit 99.11
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
May, 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 $ 339,184.84
------------------
(b) Interest $ 2,719,289.19
------------------
(c) Total $ 3,058,474.03
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 291,129.53
------------------
(b) Interest $ 2,349,720.93
------------------
(c) Total $ 2,640,850.46
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 48,055.31
------------------
(b) Interest $ 369,568.26
------------------
(c) Total $ 417,623.57
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 329,709.36
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 3,897,715.33
------------------
(b) Interest $ 25,196.38
------------------
(c) Total $ 3,922,911.71
------------------
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: $ 433,829,647.58
-----------------
13. Available Funds: $ 7,030,663.68
-----------------
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: $ 5,701.03
------------------------
18. Total interest payments: $ 2,464,054.16
------------------------
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 $1,935,019.64 $ 0.00 $ 1,935,019.64 % 6.749999991
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 $ 46,158.93 $ 0.00 $ 46,158.93 % 6.750000485
B1 $ 19,960.62 $ 0.00 $ 19,960.62 % 6.750000621
B2 $ 11,227.84 $ 0.00 $ 11,227.84 % 6.749997039
B3 $ 9,980.31 $ 0.00 $ 9,980.31 % 6.750000621
B4 $ 4,990.15 $ 0.00 $ 4,990.15 % 6.750001429
B5 $ 7,485.24 $ 0.00 $ 7,485.24 % 6.749998191
20. Principal Distribution Amount: $ 4,566,609.52
----------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
Class R $ 0.00 $ 0.00
Class PO $ 431.63 $ 0.00
Class A1 $ 4,552,453.50 $ 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 $ 6,347.53 $ 0.00
Class B1 $ 2,744.88 $ 0.00
Class B2 $ 1,543.99 $ 0.00
Class B3 $ 1,372.44 $ 0.00
Class B4 $ 686.22 $ 0.00
Class B5 $ 1,029.33 $ 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: $ 92,290.08
------------
3. Supplemental Servicing Fee amount: $ 189,033.07
------------
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/ Mike Whiting
-------------------------------
Name: Mike Whiting
Title: Vice President,
Escrow Operations
Exhibit 99.12
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
May, 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 % 7.519488
----------------------
Weighted average maturity 354.47
----------------------
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 $ 1.25977013 $ 0.26451583 $ 0.00000000 % 0.00000000
A1 $ 13.02561132 $ 12.09537019 $ 5.53653403 % 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 $ 0.77293161 $ 0.00000000 $ 5.62072112 % 6.75000049
B1 $ 0.77293217 $ 0.00000000 $ 5.62072123 % 6.75000062
B2 $ 0.77292986 $ 0.00000000 $ 5.62071826 % 6.74999704
B3 $ 0.77293217 $ 0.00000000 $ 5.62072123 % 6.75000062
B4 $ 0.77293304 $ 0.00000000 $ 5.62072193 % 6.75000143
B5 $ 0.77293112 $ 0.00000000 $ 5.62071922 % 6.74999819
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Class Accrual Amount
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution: $ 92,290.08
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 433,829,647.58
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,395
-----------------
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 $ 342,184.46 $ 341,752.83 $ 997.45 GEC9805PO
A1 $ 344,003,492.00 $ 339,451,038.50 $ 971.25 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 $ 422,143,172.23 $ 417,603,584.91 $ 976.54 GEC98005S
M $ 8,206,031.41 $ 8,199,683.87 $ 998.47 36158GAL2
B1 $ 3,548,554.34 $ 3,545,809.46 $ 998.47 36158GAM0
B2 $ 1,996,061.32 $ 1,994,517.32 $ 998.47 36158GAN8
B3 $ 1,774,277.17 $ 1,772,904.73 $ 998.47 36157REW1
B4 $ 887,137.59 $ 886,451.37 $ 998.47 36157REX9
B5 $ 1,330,709.69 $ 1,329,680.35 $ 998.47 36157REYY
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 $ 4,910,739.58
-------- -------------------
2. 60-89 days
Number 4 Principal Balance $ 1,579,862.68
-------- -------------------
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
May, 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 $ 155,582.26
-----------------
(b) Interest $ 1,251,376.43
-----------------
(c) Total $ 1,406,958.69
-----------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 123,349.93
-----------------
(b) Interest $ 993,740.15
-----------------
(c) Total $ 1,117,090.08
-----------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 32,232.33
-----------------
(b) Interest $ 257,636.28
-----------------
(c) Total $ 289,868.61
-----------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 55,095.67
-----------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 287,581.78
-----------------
(b) Interest $ 1,765.39
-----------------
(c) Total $ 289,347.17
-----------------
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 $ 0.00
-----------------
(b) Interest $ 0.00
-----------------
(c) Total $ 0.00
-----------------
12. Pool Scheduled Principal Balance: $ 201,463,528.52
----------------
13. Available Funds: $ 1,633,272.66
----------------
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: $ 425.07
------------------------
18. Total interest payments: $ 1,135,012.94
------------------------
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 $ 721,433.68 $ 0.00 $ 721,433.68 %6.749999958
1A2 $ 182,835.00 $ 0.00 $ 182,835.00 %6.750000000
1A3 $ 43,520.58 $ 0.00 $ 43,520.58 %6.487499581
1A4 $ 16,854.79 $ 0.00 $ 16,854.79 %7.537499022
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 $ 21,094.55 $ 0.00 $ 21,094.55 %6.750000940
1B1 $ 9,122.42 $ 0.00 $ 9,122.42 %6.749998483
1B2 $ 5,131.71 $ 0.00 $ 5,131.71 %6.749995117
1B3 $ 4,558.40 $ 0.00 $ 4,558.40 %6.749999019
1B4 $ 2,280.32 $ 0.00 $ 2,280.32 %6.749986717
1B5 $ 3,418.99 $ 0.00 $ 3,418.99 %6.749996829
20. Principal Distribution Amount: $ 498,259.72
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
Class 1PO $ 160.68 $ 0.00
Class 1A1 $ 491,853.88 $ 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 $ 2,888.60 $ 0.00
Class 1B1 $ 1,249.19 $ 0.00
Class 1B2 $ 702.72 $ 0.00
Class 1B3 $ 624.21 $ 0.00
Class 1B4 $ 312.26 $ 0.00
Class 1B5 $ 468.18 $ 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 % 6.48749958
Class 1A4 % 7.53749902
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: $ 42,811.53
-----------
3. Supplemental Servicing Fee amount: $ 74,732.13
-----------
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/ Mike Whiting
-------------------------------
Name: Mike Whiting
Title: Vice President,
Escrow Operations
Exhibit 99.14
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
May, 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 % 7.44813
-----------------------
Weighted average maturity 355.86
-----------------------
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 $ 0.88350278 $ 0.01281156 $ 0.00000000 % 0.00000000
1A1 $ 3.80880529 $ 2.65359869 $ 5.58661938 % 6.74999996
1A2 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1A3 $ 0.00000000 $ 0.00000000 $ 5.40624965 % 6.48749958
1A4 $ 0.00000000 $ 0.00000000 $ 6.28124918 % 7.53749902
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 $ 0.76967759 $ 0.00000000 $ 5.62071676 % 6.75000094
1B1 $ 0.76967961 $ 0.00000000 $ 5.62071473 % 6.74999848
1B2 $ 0.76968237 $ 0.00000000 $ 5.62071194 % 6.74999512
1B3 $ 0.76967941 $ 0.00000000 $ 5.62071517 % 6.74999902
1B4 $ 0.76968203 $ 0.00000000 $ 5.62070495 % 6.74998672
1B5 $ 0.76967338 $ 0.00000000 $ 5.62071335 % 6.74999683
2. Unanticipated Recoveries: $ 0.00
--------------
B. Accrual Amount
1.
Class Accrual Amount
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 42,811.53
---------------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 201,463,528.52
---------------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 648
--------------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
1PO $ 181,706.07 $ 181,545.39 $ 998.23 GEC986PO1
1A1 $ 128,254,877.25 $ 127,763,023.37 $ 989.37 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 $ 193,550,339.60 $ 193,059,597.93 $ 992.95 GE986SUP1
1R $ 0.00 $ 0.00 $ 0.00 36158GCD8
1M $ 3,750,141.70 $ 3,747,253.10 $ 998.47 36158GBP2
1B1 $ 1,621,763.92 $ 1,620,514.73 $ 998.47 36158GBQ0
1B2 $ 912,304.66 $ 911,601.94 $ 998.47 36158GBR8
1B3 $ 810,382.34 $ 809,758.13 $ 998.47 36158GCE6
1B4 $ 405,391.02 $ 405,078.76 $ 998.47 36158GCF3
1B5 $ 607,820.73 $ 607,352.55 $ 998.47 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 5 Principal Balance $ 1,664,927.46
-------- ------------------
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 % 6.48749958
1A4 % 7.53749902
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
May, 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 $ 250,572.20
---------------
(b) Interest $ 2,017,714.39
---------------
(c) Total $ 2,268,286.59
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 216,605.99
---------------
(b) Interest $ 1,740,979.49
---------------
(c) Total $ 1,957,585.48
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 33,966.21
---------------
(b) Interest $ 276,734.90
---------------
(c) Total $ 310,701.11
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 65,745.81
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 543,556.43
---------------
(b) Interest $ 3,384.31
---------------
(c) Total $ 546,940.74
---------------
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: $ 324,178,339.96
---------------
13. Available Funds: $ 2,687,248.50
---------------
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: $ 372.53
------------------------
18. Total interest payments: $ 1,827,374.06
------------------------
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 $ 17,514.96 $ 0.00 $ 17,514.96 % 6.749999928
2A2 $ 448,162.87 $ 0.00 $ 448,162.87 % 6.750000039
2A3 $ 704,912.31 $ 0.00 $ 704,912.31 % 6.750000028
2A4 $ 123,238.13 $ 0.00 $ 123,238.13 % 6.750000274
2A5 $ 90,759.38 $ 0.00 $ 90,759.38 % 6.750000372
2A6 $ 134,502.09 $ 0.00 $ 134,502.09 % 6.487499819
2A7 $ 52,090.41 $ 0.00 $ 52,090.41 % 7.537500543
2A8 $ 182,812.50 $ 0.00 $ 182,812.50 % 6.750000000
2M $ 33,937.84 $ 0.00 $ 33,937.84 % 6.750000087
2B1 $ 14,675.67 $ 0.00 $ 14,675.67 % 6.749999715
2B2 $ 8,256.82 $ 0.00 $ 8,256.82 % 6.749999039
2B3 $ 7,337.84 $ 0.00 $ 7,337.84 % 6.750004341
2B4 $ 3,668.92 $ 0.00 $ 3,668.92 % 6.750004289
2B5 $ 5,504.32 $ 0.00 $ 5,504.32 % 6.749998467
20. Principal Distribution Amount: $ 859,874.44
----------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
Class 2PO $ 159.22 $ 0.00
Class 2A1 $ 86,373.83 $ 0.00
Class 2A2 $ 330,712.30 $ 0.00
Class 2A3 $ 432,572.92 $ 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 $ 4,650.83 $ 0.00
Class 2B1 $ 2,011.15 $ 0.00
Class 2B2 $ 1,131.51 $ 0.00
Class 2B3 $ 1,005.58 $ 0.00
Class 2B4 $ 502.79 $ 0.00
Class 2B5 $ 754.31 $ 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 % 6.48749982
Class 2A7 % 7.53750054
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: $ 65,833.04
------------
3. Supplemental Servicing Fee amount: $ 124,437.79
------------
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/ Mike Whiting
-------------------------------
Name: Mike Whiting
Title: Vice President,
Escrow Operations
Exhibit 99.16
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
May, 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 % 7.463405
--------------------
Weighted average maturity 355.53
--------------------
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 $ 0.92638708 $ 0.05789192 $ 0.00000000 % 0.00000000
2A1 $ 26.57656308 $ 19.05810769 $ 5.38921846 % 6.74999993
2A2 $ 4.12385186 $ 2.95722289 $ 5.58841412 % 6.75000004
2A3 $ 3.43311841 $ 2.46189643 $ 5.59454214 % 6.75000003
2A4 $ 0.00000000 $ 0.00000000 $ 5.62500023 % 6.75000027
2A5 $ 0.00000000 $ 0.00000000 $ 5.62500031 % 6.75000037
2A6 $ 0.00000000 $ 0.00000000 $ 5.40624985 % 6.48749982
2A7 $ 0.00000000 $ 0.00000000 $ 6.28125045 % 7.53750054
2A8 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
2M $ 0.77026002 $ 0.00000000 $ 5.62070884 % 6.75000009
2B1 $ 0.77026044 $ 0.00000000 $ 5.62070854 % 6.74999972
2B2 $ 0.77025868 $ 0.00000000 $ 5.62070796 % 6.74999904
2B3 $ 0.77026427 $ 0.00000000 $ 5.62071237 % 6.75000434
2B4 $ 0.77026427 $ 0.00000000 $ 5.62071237 % 6.75000429
2B5 $ 0.77025970 $ 0.00000000 $ 5.62070748 % 6.74999847
2. Unanticipated Recoveries: $ 0.00
-------------------
B. Accrual Amount
1.
Class Accrual Amount
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 65,833.04
-------------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 324,178,339.96
-------------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,032
-------------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
2PO $ 171,718.38 $ 171,559.16 $ 998.18 GEC986PO2
2A1 $ 3,113,770.70 $ 3,027,396.87 $ 931.51 36158GBS6
2A2 $ 79,673,398.65 $ 79,342,686.35 $ 989.37 36158GBT4
2A3 $ 125,317,743.48 $ 124,885,170.56 $ 991.15 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 $ 315,526,945.32 $ 314,675,922.39 $ 993.08 GE986SUP2
2M $ 6,033,393.70 $ 6,028,742.87 $ 998.47 36158GCA4
2B1 $ 2,609,008.11 $ 2,606,996.96 $ 998.47 36158GCB2
2B2 $ 1,467,879.32 $ 1,466,747.81 $ 998.47 36158GCC0
2B3 $ 1,304,504.05 $ 1,303,498.48 $ 998.47 36158GCH9
2B4 $ 652,252.03 $ 651,749.24 $ 998.47 36158GCJ5
2B5 $ 978,546.00 $ 977,791.69 $ 998.47 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 15 Principal Balance $ 4,885,263.37
-------- --------------
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 % 6.48749982
2A7 % 7.53750054
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):
Class Ending Notional Balance
Class N/A $ N/A
Ending Component Principal Balances (if applicable):
Class Ending Component Balance
Class N/A $ N/A
Exhibit 99.17
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
May, 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 $ 546,020.51
----------------
(b) Interest $ 1,012,114.54
----------------
(c) Total $ 1,558,135.05
----------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 365,718.31
----------------
(b) Interest $ 682,890.13
----------------
(c) Total $ 1,048,608.44
----------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 180,302.20
----------------
(b) Interest $ 329,224.41
----------------
(c) Total $ 509,526.61
----------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 249,825.27
----------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 964,078.36
----------------
(b) Interest $ 7,623.97
----------------
(c) Total $ 971,702.33
----------------
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 $ 266,873.13
----------------
(b) Interest $ 1,451.12
----------------
(c) Total $ 268,324.25
----------------
12. Pool Scheduled Principal Balance: $ 168,088,836.40
---------------
13. Available Funds: $ 2,946,675.73
---------------
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: $ 2,446.87
------------------------
18. Total interest payments: $ 919,878.47
------------------------
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 $ 898,848.62 $ 0.00 $ 898,848.62 % 6.499999971
M $ 9,349.25 $ 0.00 $ 9,349.25 % 6.500001637
B1 $ 2,336.12 $ 0.00 $ 2,336.12 % 6.500007721
B2 $ 2,336.12 $ 0.00 $ 2,336.12 % 6.500007721
B3 $ 3,737.79 $ 0.00 $ 3,737.79 % 6.500007898
B4 $ 1,868.89 $ 0.00 $ 1,868.89 % 6.499990508
B5 $ 1,401.68 $ 0.00 $ 1,401.68 % 6.499981973
20. Principal Distribution Amount: $ 2,026,797.26
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
Class R $ 0.00 $ 0.00
Class PO $ 1,451.55 $ 0.00
Class A $ 2,012,885.51 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 5,539.44 $ 0.00
Class B1 $ 1,384.15 $ 0.00
Class B2 $ 1,384.15 $ 0.00
Class B3 $ 2,214.64 $ 0.00
Class B4 $ 1,107.32 $ 0.00
Class B5 $ 830.50 $ 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: $ 36,918.44
------------
3. Supplemental Servicing Fee amount: $ 64,160.08
------------
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/ Mike Whiting
-------------------------------
Name: Mike Whiting
Title: Vice President,
Escrow Operations
Exhibit 99.18
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
May, 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 % 7.205419
-------------------
Weighted average maturity 175.70
-------------------
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 $ 4.95472124 $ 1.57088096 $ 0.00000000 % 0.00000000
A $ 11.91973417 $ 8.76601261 $ 5.32272529 % 6.49999997
M $ 3.19928661 $ 0.00000000 $ 5.39963072 % 6.50000164
B1 $ 3.19928163 $ 0.00000000 $ 5.39963573 % 6.50000772
B2 $ 3.19928163 $ 0.00000000 $ 5.39963573 % 6.50000772
B3 $ 3.19928348 $ 0.00000000 $ 5.39963596 % 6.50000790
B4 $ 3.19928348 $ 0.00000000 $ 5.39962151 % 6.49999051
B5 $ 3.19928921 $ 0.00000000 $ 5.39961434 % 6.49998197
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Class Accrual Amount
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 36,918.44
-------------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 168,088,836.40
-------------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 507
-------------------
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 $ 291,916.32 $ 290,464.77 $ 991.47 GEC9807PO
A $ 165,941,284.43 $ 163,928,398.92 $ 970.74 36158GAA6
SUP $ 159,808,566.44 $ 157,892,835.58 $ 970.36
M $ 1,726,014.95 $ 1,720,475.51 $ 993.66 36158GAC2
B1 $ 431,283.18 $ 429,899.03 $ 993.66 36158GAD0
B2 $ 431,283.18 $ 429,899.03 $ 993.66 36158GAE8
B3 $ 690,052.70 $ 687,838.05 $ 993.66 36158GAP3
B4 $ 345,026.35 $ 343,919.03 $ 993.66 36158GAQ1
B5 $ 258,772.41 $ 257,941.91 $ 993.66 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 6 Principal Balance $ 1,994,609.45
-------- -------------------
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
May, 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 $ 389,905.91
---------------
(b) Interest $ 3,097,307.66
---------------
(c) Total $ 3,487,213.57
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 355,030.72
---------------
(b) Interest $ 2,816,866.53
---------------
(c) Total $ 3,171,897.25
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 34,875.19
---------------
(b) Interest $ 280,441.13
---------------
(c) Total $ 315,316.32
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 140,205.82
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 699,462.92
---------------
(b) Interest $ 2,695.45
---------------
(c) Total $ 702,158.37
---------------
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: $ 499,516,069.68
---------------
13. Available Funds: $ 4,043,293.36
---------------
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: $ 1,270.29
------------------------
18. Total interest payments: $ 2,813,718.71
------------------------
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 $ 1,125,000.00 $ 0.00 $ 1,125,000.00 % 6.750000000
1A2 $ 16,875.00 $ 0.00 $ 16,875.00 % 6.750000000
1A3 $ 1,254,375.00 $ 0.00 $ 1,254,375.00 % 6.750000000
1A4 $ 134,628.27 $ 0.00 $ 134,628.27 % 6.750000188
1A5 $ 163,125.00 $ 0.00 $ 163,125.00 % 6.750000000
1R $ 0.56 $ 0.00 $ 0.56 % 6.720000000
1M $ 59,152.50 $ 0.00 $ 59,152.50 % 6.750000000
1B1 $ 22,533.75 $ 0.00 $ 22,533.75 % 6.750000000
1B2 $ 12,673.13 $ 0.00 $ 12,673.13 % 6.750002663
1B3 $ 11,266.88 $ 0.00 $ 11,266.88 % 6.750002996
1B4 $ 5,636.25 $ 0.00 $ 5,636.25 % 6.750000000
1B5 $ 8,452.37 $ 0.00 $ 8,452.37 % 6.749997869
20. Principal Distribution Amount: $ 1,229,574.65
----------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
Class 1PO $ 524.17 $ 0.00
Class 1A1 $ 506,325.30 $ 0.00
Class 1A2 $ 11,296.91 $ 0.00
Class 1A3 $ 694,759.83 $ 0.00
Class 1A4 $ 0.00 $ 0.00
Class 1A5 $ 0.00 $ 0.00
Class SUP1 $ 0.00 $ 0.00
Class 1R $ 100.00 $ 0.00
Class 1M $ 8,186.66 $ 0.00
Class 1B1 $ 3,118.65 $ 0.00
Class 1B2 $ 1,753.95 $ 0.00
Class 1B3 $ 1,559.33 $ 0.00
Class 1B4 $ 780.05 $ 0.00
Class 1B5 $ 1,169.80 $ 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: $ 28,697.46
------------
3. Supplemental Servicing Fee amount: $ 182,250.56
------------
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/ Mike Whiting
-------------------------------
Name: Mike Whiting
Title: Vice President,
Escrow Operations
Exhibit 99.20
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
May, 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 % 7.434938
-----------------
Weighted average maturity 355.48
-----------------
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 $ 0.99089579 $ 0.06591857 $ 0.00000000 % 0.00000000
1A1 $ 2.53162650 $ 1.75313060 $ 5.62500000 % 6.75000000
1A2 $ 3.76563667 $ 2.60767333 $ 5.62500000 % 6.75000000
1A3 $ 3.11551493 $ 2.15746857 $ 5.62500000 % 6.75000000
1A4 $ 0.00000000 $ 0.00000000 $ 5.62500016 % 6.75000019
1A5 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1R $ 1000.00000000 $ 692.50000000 $ 5.60000000 % 6.72000000
1M $ 0.77849563 $ 0.00000000 $ 5.62500000 % 6.75000000
1B1 $ 0.77849476 $ 0.00000000 $ 5.62500000 % 6.75000000
1B2 $ 0.77849534 $ 0.00000000 $ 5.62500222 % 6.75000266
1B3 $ 0.77849725 $ 0.00000000 $ 5.62500250 % 6.75000300
1B4 $ 0.77849301 $ 0.00000000 $ 5.62500000 % 6.75000000
1B5 $ 0.77849442 $ 0.00000000 $ 5.62499822 % 6.74999787
2. Unanticipated Recoveries: $ 0.00
-------------
B. Accrual Amount
1.
Class Accrual Amount
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 28,697.46
----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 499,516,069.68
----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,644
----------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
1PO $ 528,986.00 $ 528,461.83 $ 999.01 GEC9881PO
1A1 $ 200,000,000.00 $ 199,493,674.70 $ 997.47 36157RFC4
1A2 $ 3,000,000.00 $ 2,988,703.09 $ 996.23 36157RFD2
1A3 $ 223,000,000.00 $ 222,305,240.17 $ 996.88 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 $ 476,546,395.00 $ 475,341,783.11 $ 997.47 GE988SUP1
1R $ 100.00 $ 0.00 $ 0.00 36157RFL4
1M $ 10,516,000.00 $ 10,507,813.34 $ 999.22 36157RFH3
1B1 $ 4,006,000.00 $ 4,002,881.35 $ 999.22 36157RFJ9
1B2 $ 2,253,000.00 $ 2,251,246.05 $ 999.22 36157RFK6
1B3 $ 2,003,000.00 $ 2,001,440.67 $ 999.22 36158GCL0
1B4 $ 1,002,000.00 $ 1,001,219.95 $ 999.22 36158GCM8
1B5 $ 1,502,644.03 $ 1,501,474.23 $ 999.22 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
-----------
*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 99.21
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
May, 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 $ 133,516.13
---------------
(b) Interest $ 1,086,348.55
---------------
(c) Total $ 1,219,864.68
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 123,515.17
---------------
(b) Interest $ 1,002,176.52
---------------
(c) Total $ 1,125,691.69
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 10,000.96
---------------
(b) Interest $ 84,172.03
---------------
(c) Total $ 94,172.99
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 15,488.95
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 352,463.80
---------------
(b) Interest $ 2,097.60
---------------
(c) Total $ 354,561.40
---------------
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: $ 174,889,214.44
---------------
13. Available Funds: $ 1,487,689.29
---------------
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: $ 96.73
------------------------
18. Total interest payments: $ 986,220.41
------------------------
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 $ 463,216.54 $ 0.00 $ 463,216.54 % 6.750000009
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 $ 0.56 $ 0.00 $ 0.56 % 6.720000000
2M $ 19,237.50 $ 0.00 $ 19,237.50 % 6.750000000
2B1 $ 7,891.88 $ 0.00 $ 7,891.88 % 6.749995723
2B2 $ 3,948.75 $ 0.00 $ 3,948.75 % 6.750000000
2B3 $ 3,948.75 $ 0.00 $ 3,948.75 % 6.750000000
2B4 $ 1,968.75 $ 0.00 $ 1,968.75 % 6.750000000
2B5 $ 3,458.63 $ 0.00 $ 3,458.63 % 6.750005989
20. Principal Distribution Amount: $ 501,468.88
------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
Class 2PO $ 53.28 $ 0.00
Class 2A1 $ 495,841.02 $ 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 $ 100.00 $ 0.00
Class 2M $ 2,603.37 $ 0.00
Class 2B1 $ 1,067.99 $ 0.00
Class 2B2 $ 534.37 $ 0.00
Class 2B3 $ 534.37 $ 0.00
Class 2B4 $ 266.43 $ 0.00
Class 2B5 $ 468.05 $ 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
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: $ 11,384.64
-------------
3. Supplemental Servicing Fee amount: $ 64,968.21
-------------
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/ Mike Whiting
-------------------------------
Name: Mike Whiting
Title: Vice President,
Escrow Operations
Exhibit 99.22
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
May, 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 % 7.448182
------------------
Weighted average maturity 356.90
------------------
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 $ 0.85099586 $ 0.00063889 $ 0.00000000 % 0.00000000
2A1 $ 6.02117045 $ 4.46727718 $ 5.62500001 % 6.75000001
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 $1000.00000000 $ 741.90000000 $ 5.60000000 % 6.72000000
2M $ 0.76121930 $ 0.00000000 $ 5.62500000 % 6.75000000
2B1 $ 0.76121882 $ 0.00000000 $ 5.62499644 % 6.74999572
2B2 $ 0.76121083 $ 0.00000000 $ 5.62500000 % 6.75000000
2B3 $ 0.76121083 $ 0.00000000 $ 5.62500000 % 6.75000000
2B4 $ 0.76122857 $ 0.00000000 $ 5.62500000 % 6.75000000
2B5 $ 0.76122152 $ 0.00000000 $ 5.62500499 % 6.75000599
2. Unanticipated Recoveries: $ 0.00
-------------
B. Accrual Amount
1.
Class Accrual Amount
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 11,384.64
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 174,889,214.44
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 548
-----------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
2PO $ 62,609.00 $ 62,555.72 $ 999.15 GEC9882PO
2A1 $ 82,349,607.00 $ 81,853,765.98 $ 993.98 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 $ 170,988,106.00 $ 170,490,370.72 $ 997.09 GE988SUP2
2R $ 100.00 $ 0.00 $ 0.00 36157RGE9
2M $ 3,420,000.00 $ 3,417,396.63 $ 999.24 36157RGB5
2B1 $ 1,403,000.00 $ 1,401,932.01 $ 999.24 36157RGC3
2B2 $ 702,000.00 $ 701,465.63 $ 999.24 36157RGD1
2B3 $ 702,000.00 $ 701,465.63 $ 999.24 36158GC91
2B4 $ 350,000.00 $ 349,733.57 $ 999.24 36158GCQ9
2B5 $ 614,867.01 $ 614,398.96 $ 999.24 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
-----------
*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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