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Previous: BRANDYWINE REALTY TRUST, 3, 1998-10-08 |
Next: GE CAPITAL MORTGAGE SERVICES INC, 8-K, 1998-10-08 |
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) September 25, 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 September 25, 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 $3,963,914.28
Series 1998-02 $9,555,408.36
Series 1998-03 $9,006,049.32
Series 1998-04 $11,261,288.37
Series 1998-HE1 $3,677,897.78
Series 1998-HE2 $3,318,788.36
Series 1998-05 $13,923,702.42
Series 1998-6A $5,043,838.90
Series 1998-6B $5,854,504.18
Series 1998-07 $2,920,095.84
Series 1998-08A $10,238,376.77
Series 1998-08B $5,284,907.31
Series 1998-09 $13,234,968.02
Series 1998-10A $4,977,155.65
Series 1998-10B $2,667,516.16
Series 1998-11A $8,063,234.36
Series 1998-11B $3,512,908.61
Series 1998-11C $2,775,001.02
Series 1998-12A $5,577,517.91
Series 1998-12-B $2,066,671.66
Series 1998-12C $3,370,786.50
Series 1998-12D $1,972,331.71
Series 1998-13 $11,344,286.21
Item 7. Financial Statements and Exhibits
Attached as Exhibits to Item 7 are the "Servicer's Certificate" and the
"Distribution Date Statement" filed as part of this Report.
Series Exhibit No. Description
Series 1998-01 99.1 Servicer's Certificate
99.2 Distribution Date Statment
Series 1998-02 99.3 Servicer's Certificate
99.4 Distribution Date Statment
Series 1998-03 99.5 Servicer's Certificate
99.6 Distribution Date Statment
Series 1998-04 99.7 Servicer's Certificate
99.8 Distribution Date Statment
Series 1998-HE1 99.9 Servicer's Certificate
99.10 Distribution Date Statement
Series 1998-05 99.11 Servicer's Certificate
99.12 Distribution Date Statment
Series 1998-6A 99.13 Servicer's Certificate
99.14 Distribution Date Statment
Series 1998-6B 99.15 Servicer's Certificate
99.16 Distribution Date Statment
Series 1998-07 99.17 Servicer's Certificate
99.18 Distribution Date Statment
Series 1998-08A 99.19 Servicer's Certificate
99.20 Distribution Date Statment
Series 1998-08B 99.21 Servicer's Certificate
99.22 Distribution Date Statment
Series 1998-09 99.23 Servicer's Certificate
99.24 Distribution Date Statment
Series 1998-10A 99.25 Servicer's Certificate
99.26 Distribution Date Statment
Series 1998-10B 99.27 Servicer's Certificate
99.28 Distribution Date Statment
Series 1998-11A 99.29 Servicer's Certificate
99.30 Distribution Date Statment
Series 1998-11B 99.31 Servicer's Certificate
99.32 Distribution Date Statment
Series 1998-11C 99.33 Servicer's Certificate
99.34 Distribution Date Statment
Series 1998-HE2 99.35 Servicer's Certificate
99.36 Distribution Date Statment
Series 1998-12A 99.37 Servicer's Certificate
99.38 Distribution Date Statment
Series 1998-12B 99.39 Servicer's Certificate
99.40 Distribution Date Statment
Series 1998-12C 99.41 Servicer's Certificate
99.42 Distribution Date Statment
Series 1998-12D 99.43 Servicer's Certificate
99.44 Distribution Date Statment
Series 1998-13 99.45 Servicer's Certificate
99.46 Distribution Date Statment
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------------
Name: Tim Neer
Title: Vice President, Investor Relations
Dated as of : September 25, 1998
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
99.1 Series 1998-01 Servicer's Certificate
99.2 Series 1998-01 Distribution Date Statement
99.3 Series 1998-02 Servicer's Certificate
99.4 Series 1998-02 Distribution Date Statement
99.5 Series 1998-03 Servicer's Certificate
99.6 Series 1998-03 Distribution Date Statement
99.7 Series 1998-04 Servicer's Certificate
99.8 Series 1998-04 Distribution Date 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 Distribution Date Statement
99.13 Series 1998-6A Servicer's Certificate
99.14 Series 1998-6A Distribution Date Statement
99.15 Series 1998-6B Servicer's Certificate
99.16 Series 1998-6B Distribution Date Statement
99.17 Series 1998-07 Servicer's Certificate
99.18 Series 1998-07 Distribution Date Statement
99.19 Series 1998-08A Servicer's Certificate
99.20 Series 1998-08A Distribution Date Statement
99.21 Series 1998-08B Servicer's Certificate
99.22 Series 1998-08B Distribution Date Statement
99.23 Series 1998-09 Servicer's Certificate
99.24 Series 1998-09 Distribution Date Statement
99.25 Series 1998-10A Servicer's Certificate
99.26 Series 1998-10A Distribution Date Statement
99.27 Series 1998-10B Servicer's Certificate
99.28 Series 1998-10B Distribution Date Statement
99.29 Series 1998-11A Servicer's Certificate
99.30 Series 1998-11A Distribution Date Statement
99.31 Series 1998-11B Servicer's Certificate
99.32 Series 1998-11B Distribution Date Statement
99.33 Series 1998-11C Servicer's Certificate
99.34 Series 1998-11C Distribution Date Statement
99.35 Series 1998-HE2 Servicer's Certificate
99.36 Series 1998-HE2 Distribution Date Statement
99.37 Series 1998-12A Servicer's Certificate
99.38 Series 1998-12A Distribution Date Statement
99.39 Series 1998-12B Servicer's Certificate
99.40 Series 1998-12B Distribution Date Statement
99.41 Series 1998-12C Servicer's Certificate
99.42 Series 1998-12C Distribution Date Statement
99.43 Series 1998-12D Servicer's Certificate
99.44 Series 1998-12D Distribution Date Statement
99.45 Series 1998-13 Servicer's Certificate
99.46 Series 1998-13 Distribution Date Statement
Exhibit 99.01
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
September, 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 $ 586,152.60
-----------------
(b) Interest $ 1,058,644.05
-----------------
(c) Total $ 1,644,796.65
-----------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 226,005.38
-----------------
(b) Interest $ 404,761.71
-----------------
(c) Total $ 630,767.09
-----------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 360,147.22
-----------------
(b) Interest $ 653,882.34
-----------------
(c) Total $ 1,014,029.56
-----------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 80,047.26
-----------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 2,322,917.57
-----------------
(b) Interest $ 14,300.33
-----------------
(c) Total $ 2,337,217.90
-----------------
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: $ 170,459,425.55
----------------
13. Available Funds: $ 3,963,914.35
----------------
14. Realized Losses for prior month: $ 0.00
----------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
------------------
17. Compensating Interest Payment: $ 2,504.57
------------------
18. Total interest payments: $ 974,796.92
------------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A1 $ 304,495.27 $ 0.00 $304,495.27 % 6.750000050
A2 $ 499,394.79 $ 0.00 $499,394.79 % 6.749999969
A3 $ 146,134.69 $ 0.00 $146,134.69 % 6.750000025
M $ 8,257.23 $ 0.00 $ 8,257.23 % 6.749996137
B1 $ 5,504.81 $ 0.00 $ 5,504.81 % 6.749995164
B2 $ 2,752.39 $ 0.00 $ 2,752.39 % 6.749992106
B3 $ 4,403.86 $ 0.00 $ 4,403.86 % 6.750005039
B4 $ 1,651.44 $ 0.00 $ 1,651.44 % 6.750016630
B5 $ 2,202.44 $ 0.00 $ 2,202.44 % 6.749995154
20. Principal Distribution Amount: $ 2,989,117.43
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 608.58 $ 0.00
Class A1 $ 953,086.23 $ 0.00
Class A2 $ 1,932,754.04 $ 0.00
Class A3 $ 87,787.24 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 4,960.35 $ 0.00
Class B1 $ 3,306.90 $ 0.00
Class B2 $ 1,653.44 $ 0.00
Class B3 $ 2,645.52 $ 0.00
Class B4 $ 992.06 $ 0.00
Class B5 $ 1,323.07 $ 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: $ 41,136.11
------------
3. Supplemental Servicing Fee amount: $ 59,344.28
------------
4. Credit Losses for prior month: $ 0.00
------------
Category Category Category
A B C
5. Senior Percentage: % 97.458735 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: % 2.541265
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President,
Investor Operations
Exhibit 99.02
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
September, 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 % 7.429651
----------------------
Weighted average maturity 168.65
----------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
PO $ 3.88228990 $ 0.28087881 $ 0.00000000 %0.00000000
A1 $ 15.20801388 $ 12.28925036 $ 4.85870863 %6.75000005
A2 $ 18.18409881 $ 14.69415694 $ 4.69849966 %6.74999997
A3 $ 3.30374235 $ 2.66967898 $ 5.49956195 %6.75000002
M $ 3.30373942 $ 0.00000000 $ 5.49955876 %6.74999614
B1 $ 3.30374492 $ 0.00000000 $ 5.49955792 %6.74999516
B2 $ 3.30374145 $ 0.00000000 $ 5.49955542 %6.74999211
B3 $ 3.30374080 $ 0.00000000 $ 5.49956604 %6.75000504
B4 $ 3.30372812 $ 0.00000000 $ 5.49957540 %6.75001663
B5 $ 3.30374528 $ 0.00000000 $ 5.49955841 %6.74999515
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 41,136.11
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 170,459,425.55
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 538
---------------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RCN3
PO $ 151,310.79 $ 150,702.21 $ 961.37 GEC9801PO
A1 $ 54,132,492.04 $ 53,179,405.82 $ 848.56 36157RCK9
A2 $ 88,781,296.41 $ 86,848,542.36 $ 817.10 36157RCL7
A3 $ 25,979,500.35 $ 25,891,713.12 $ 974.40 36157RCM5
SUP $ 161,457,599.74 $ 158,515,923.05 $ 844.72 GEC98001S
M $ 1,467,952.84 $ 1,462,992.49 $ 974.40 36157RCP8
B1 $ 978,633.59 $ 975,326.70 $ 974.40 36157RCQ6
B2 $ 489,314.35 $ 487,660.91 $ 974.40 36157RCR4
B3 $ 782,907.86 $ 780,262.34 $ 974.40 36157RCG8
B4 $ 293,588.61 $ 292,596.55 $ 974.40 36157RCH6
B5 $ 391,545.17 $ 390,222.10 $ 974.40 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 2 Principal Balance $ 315,577.73
--- ---------------
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: $ 2,621,837.00
------------------
2. Bankruptcy Loss Amount: $ 100,000.00
------------------
3. Fraud Loss Amount: $ 2,001,914.00
------------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.03
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
September, 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 $ 303,982.52
------------------
(b) Interest $ 2,475,802.37
------------------
(c) Total $ 2,779,784.89
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 270,622.90
------------------
(b) Interest $ 2,213,413.52
------------------
(c) Total $ 2,484,036.42
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 33,359.62
------------------
(b) Interest $ 262,388.85
------------------
(c) Total $ 295,748.47
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 97,336.35
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 6,862,673.28
------------------
(b) Interest $ 43,517.00
------------------
(c) Total $ 6,906,190.28
------------------
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: $ 385,839,315.84
-----------------
13. Available Funds: $ 9,555,408.29
-----------------
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: $ 5,674.90
------------------
18. Total interest payments: $ 2,291,416.13
------------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A1 $ 97,491.72 $ 0.00 $ 97,491.72 % 6.999999940
A2 $ 21,583.33 $ 0.00 $ 21,583.33 % 6.999998919
A3 $ 125,613.81 $ 0.00 $ 125,613.81 % 7.000000163
A4 $ 143,272.50 $ 0.00 $ 143,272.50 % 7.000000000
A5 $ 198,686.24 $ 0.00 $ 198,686.24 % 6.999999853
A6 $ 299,314.80 $ 0.00 $ 299,314.80 % 7.000000090
A7 $ 57,166.67 $ 0.00 $ 57,166.67 % 7.000000408
A8 $ 5,060.52 $ 0.00 $ 5,060.52 % 7.249993857
A9 $ 24,255.64 $ 0.00 $ 24,255.64 % 6.949999822
A10 $ 19,250.00 $ 0.00 $ 19,250.00 % 7.000000000
A11 $ 127,898.01 $ 0.00 $ 127,898.01 % 7.000000266
A12 $ 1,060,638.90 $ 0.00 $ 1,060,638.90 % 6.999999991
M $ 45,781.60 $ 0.00 $ 45,781.60 % 6.999999978
B1 $ 26,160.91 $ 0.00 $ 26,160.91 % 6.999998827
B2 $ 13,080.46 $ 0.00 $ 13,080.46 % 7.000001534
B3 $ 13,080.46 $ 0.00 $ 13,080.46 % 7.000001534
B4 $ 3,922.98 $ 0.00 $ 3,922.98 % 7.000006111
B5 $ 9,157.58 $ 0.00 $ 9,157.58 % 6.999996866
20. Principal Distribution Amount: $ 7,263,992.16
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 285.20 $ 0.00
Class A1 $ 513,576.55 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 479,591.89 $ 0.00
Class A4 $ 0.00 $ 0.00
Class A5 $ 0.00 $ 0.00
Class A6 $ 1,632,569.19 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A8 $ 20,408.04 $ 0.00
Class A9 $ 102,040.29 $ 0.00
Class A10 $ 0.00 $ 0.00
Class A11 $ 16,952.82 $ 0.00
Class A12 $ 4,483,830.79 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 6,068.33 $ 0.00
Class B1 $ 3,467.62 $ 0.00
Class B2 $ 1,733.81 $ 0.00
Class B3 $ 1,733.81 $ 0.00
Class B4 $ 519.99 $ 0.00
Class B5 $ 1,213.83 $ 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: $ 85,664.77
-------------
3. Supplemental Servicing Fee amount: $ 145,634.16
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category Category Category
A B C
5. Senior Percentage: % 95.147805 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: % 4.852195
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President,
Investor Operations
Exhibit 99.04
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
September, 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 % 7.696785
-----------------------
Weighted average maturity 349.16
-----------------------
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 $ 0.97981620 $ 0.09901228 $ 0.00000000 % 0.00000000
A1 $ 24.69898541 $ 23.71433146 $ 4.68858356 % 6.99999994
A2 $ 0.00000000 $ 0.00000000 $ 5.83333243 % 6.99999892
A3 $ 18.92304099 $ 18.16865150 $ 4.95628747 % 7.00000016
A4 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
A5 $ 0.00000000 $ 0.00000000 $ 5.83333321 % 6.99999985
A6 $ 25.38904184 $ 24.37687753 $ 4.65482016 % 7.00000009
A7 $ 0.00000000 $ 0.00000000 $ 5.83333367 % 7.00000041
A8 $ 20.40806041 $ 19.59446959 $ 5.06052506 % 7.24999386
A9 $ 20.40805800 $ 19.59446600 $ 4.85112800 % 6.94999982
A10 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
A11 $ 0.76921402 $ 0.73854858 $ 5.80321987 % 7.00000027
A12 $ 20.62005422 $ 19.79801136 $ 4.87762198 % 6.99999999
M $ 0.76921410 $ 0.00000000 $ 5.80321967 % 6.99999998
B1 $ 0.76921473 $ 0.00000000 $ 5.80321872 % 6.99999883
B2 $ 0.76921473 $ 0.00000000 $ 5.80322094 % 7.00000153
B3 $ 0.76921473 $ 0.00000000 $ 5.80322094 % 7.00000153
B4 $ 0.76921598 $ 0.00000000 $ 5.80322485 % 7.00000611
B5 $ 0.76921185 $ 0.00000000 $ 5.80321710 % 6.99999687
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 85,664.77
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 385,839,315.84
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,309
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RDE2
PO $ 289,112.40 $ 288,827.20 $ 992.28 GEC9802PO
A1 $ 16,712,866.43 $ 16,199,289.87 $ 779.06 36157RCS2
A2 $ 3,700,000.00 $ 3,700,000.00 $ 1,000.00 36157RCT0
A3 $ 21,533,795.50 $ 21,054,203.62 $ 830.73 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 $ 51,311,107.91 $ 49,678,538.73 $ 772.58 36157RCX1
A7 $ 9,800,000.00 $ 9,800,000.00 $ 1,000.00 36157RCY9
A8 $ 837,604.02 $ 817,195.98 $ 817.20 36157RCZ6
A9 $ 4,188,024.28 $ 4,085,983.99 $ 817.20 36157RDA0
A10 $ 3,300,000.00 $ 3,300,000.00 $ 1,000.00 36157RDB8
A11 $ 21,925,372.31 $ 21,908,419.49 $ 994.07 36157RDC6
A12 $ 181,823,811.67 $ 177,339,980.87 $ 815.54 36157RDD4
SUP $ 379,936,923.66 $ 372,686,009.10 $ 851.77 GEC98002S
M $ 7,848,274.31 $ 7,842,205.98 $ 994.07 36157RDF9
B1 $ 4,484,728.18 $ 4,481,260.56 $ 994.07 36157RDG7
B2 $ 2,242,364.08 $ 2,240,630.28 $ 994.07 36157RDH5
B3 $ 2,242,364.08 $ 2,240,630.28 $ 994.07 36157RDJ1
B4 $ 672,510.27 $ 671,990.28 $ 994.07 36157RDK8
B5 $ 1,569,871.56 $ 1,568,657.73 $ 994.07 36157RDL6
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 6 Principal Balance $ 1,703,850.37
--- -------------
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
-----------
E. Other Information:
1. Special Hazard Loss Amount: $ 4,508,007.00
--------------
2. Bankruptcy Loss Amount: $ 173,734.00
--------------
3. Fraud Loss Amount: $ 4,508,007.00
--------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
------------
Exhibit 99.05
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
September, 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 $ 218,206.51
------------------
(b) Interest $ 1,725,548.03
------------------
(c) Total $ 1,943,754.54
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 183,416.71
------------------
(b) Interest $ 1,444,493.91
------------------
(c) Total $ 1,627,910.62
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 34,789.80
------------------
(b) Interest $ 281,054.12
------------------
(c) Total $ 315,843.92
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 47,581.96
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 7,115,257.06
------------------
(b) Interest $ 44,984.14
------------------
(c) Total $ 7,160,241.20
------------------
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: $ 271,309,159.24
-----------------
13. Available Funds: $ 9,006,049.33
-----------------
14. Realized Losses for prior month: $ 0.00
-----------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
------------------
17. Compensating Interest Payment: $ 4,242.68
------------------
18. Total interest payments: $ 1,625,003.81
------------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest 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 $ 165,772.74 $ 0.00 $ 165,772.74 %7.000000086
A8 $ 576,483.86 $ 0.00 $ 576,483.86 %7.000000000
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 $ 31,874.33 $ 0.00 $ 31,874.33 %6.999998933
B1 $ 18,214.73 $ 0.00 $ 18,214.73 %6.999998235
B2 $ 9,110.27 $ 0.00 $ 9,110.27 %7.000001037
B3 $ 9,110.27 $ 0.00 $ 9,110.27 %7.000001037
B4 $ 2,733.08 $ 0.00 $ 2,733.08 %6.999998506
B5 $ 6,377.86 $ 0.00 $ 6,377.86 %6.999999479
20. Principal Distribution Amount: $ 7,381,045.52
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 160.30 $ 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 $ 1,646,097.88 $ 0.00
Class A8 $ 5,724,396.36 $ 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 $ 4,278.01 $ 0.00
Class B1 $ 2,444.69 $ 0.00
Class B2 $ 1,222.73 $ 0.00
Class B3 $ 1,222.73 $ 0.00
Class B4 $ 366.82 $ 0.00
Class B5 $ 856.00 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
---------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
---------------
24. Subordinate Certificate Writedown Amount: $ 0.00
---------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
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: $ 58,653.23
-------------
3. Supplemental Servicing Fee amount: $ 87,458.42
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category Category Category
A B C
5. Senior Percentage: % 95.235670 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: % 4.764330
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President,
Investor Operations
Exhibit 99.06
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
September, 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 % 7.631547
------------------------
Weighted average maturity 349.81
------------------------
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 $ 1.33317809 $ 0.44594516 $ 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 $ 47.70330310 $ 46.35897006 $ 4.80403223 %7.00000009
A8 $ 47.70330300 $ 46.35897017 $ 4.80403217 %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 $ 0.77881121 $ 0.00000000 $ 5.80271800 %6.99999893
B1 $ 0.77881172 $ 0.00000000 $ 5.80271743 %6.99999824
B2 $ 0.77880892 $ 0.00000000 $ 5.80271975 %7.00000104
B3 $ 0.77880892 $ 0.00000000 $ 5.80271975 %7.00000104
B4 $ 0.77881104 $ 0.00000000 $ 5.80271762 %6.99999851
B5 $ 0.77880773 $ 0.00000000 $ 5.80271808 %6.99999948
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 58,653.23
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 271,309,159.24
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 916
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RDX0
PO $ 118,122.46 $ 117,962.16 $ 981.06 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 $ 28,418,183.65 $ 26,772,085.78 $ 775.85 36157RDT9
A8 $ 98,825,804.57 $ 93,101,408.21 $ 775.85 36157RDU6
A9 $ 0.00 $ 0.00 $ 0.00 36157RDV4
A10 $ 10,900,000.00 $ 10,900,000.00 $ 1,000.00 36157RDW2
SUP $ 269,388,004.05 $ 262,017,201.13 $ 860.93 GEC98003S
RL $ 0.00 $ 0.00 $ 0.00 36157RDY8
M $ 5,464,171.69 $ 5,459,893.68 $ 993.97 36157RDZ5
B1 $ 3,122,525.93 $ 3,120,081.24 $ 993.97 36157REA9
B2 $ 1,561,760.34 $ 1,560,537.61 $ 993.97 36157REB7
B3 $ 1,561,760.34 $ 1,560,537.61 $ 993.97 36157REC5
B4 $ 468,528.10 $ 468,161.28 $ 993.97 36157RED3
B5 $ 1,093,347.51 $ 1,092,491.51 $ 993.97 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 8 Principal Balance $ 2,783,222.44
-------- --------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- --------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- --------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- --------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- --------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
--------------
E. Other Information:
1. Special Hazard Loss Amount: $ 3,139,304.00
-----------------
2. Bankruptcy Loss Amount: $ 123,439.00
-----------------
3. Fraud Loss Amount: $ 3,139,304.00
-----------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
------------
F. Ending Notional Component Balances (if applicable):
Ending Notional Balance
Class
Class A7_1 $ 0.00
Class A7_2 $ 0.00
Class A8_1 $ 0.00
Class A8_2 $ 0.00
Ending Component Principal Balances (if applicable):
Ending Component Balance
Class
Class A7_1 $ 5,230,120.15
Class A7_2 $ 21,541,965.63
Class A8_1 $ 18,188,031.91
Class A8_2 $ 74,913,376.30
Exhibit 99.07
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
September, 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 $ 436,235.60
------------------
(b) Interest $ 3,424,713.93
------------------
(c) Total $ 3,860,949.53
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 372,090.87
------------------
(b) Interest $ 2,928,862.96
------------------
(c) Total $ 3,300,953.83
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 64,144.73
------------------
(b) Interest $ 495,850.97
------------------
(c) Total $ 559,995.70
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 171,669.11
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 7,544,455.21
------------------
(b) Interest $ 46,982.90
------------------
(c) Total $ 7,591,438.11
------------------
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: $ 544,759,660.33
-----------------
13. Available Funds: $ 11,261,288.51
-----------------
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: $ 7,895.95
------------------
18. Total interest payments: $ 3,108,928.59
------------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A1 $ 511,499.71 $ 0.00 $ 511,499.71 % 6.500000062
A2 $ 467,582.33 $ 0.00 $ 467,582.33 % 6.999999939
A3 $ 60,121.15 $ 0.00 $ 60,121.15 % 6.137500363
A4 $ 23,142.32 $ 0.00 $ 23,142.32 % 11.024982986
A5 $ 828,822.48 $ 0.00 $ 828,822.48 % 6.750000020
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 $ 62,303.65 $ 0.00 $ 62,303.65 % 6.749999698
B1 $ 30,309.13 $ 0.00 $ 30,309.13 % 6.750000348
B2 $ 15,151.76 $ 0.00 $ 15,151.76 % 6.749997951
B3 $ 13,471.97 $ 0.00 $ 13,471.97 % 6.750000955
B4 $ 6,734.86 $ 0.00 $ 6,734.86 % 6.749995853
B5 $ 10,096.58 $ 0.00 $ 10,096.58 % 6.749997313
20. Principal Distribution Amount: $ 8,152,359.92
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 213.11 $ 0.00
Class A1 $ 2,284,256.27 $ 0.00
Class A2 $ 349,779.96 $ 0.00
Class A3 $ 1,593,098.14 $ 0.00
Class A4 $ 341,378.17 $ 0.00
Class A5 $ 3,564,269.56 $ 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 $ 8,738.39 $ 0.00
Class B1 $ 4,251.00 $ 0.00
Class B2 $ 2,125.11 $ 0.00
Class B3 $ 1,889.51 $ 0.00
Class B4 $ 944.60 $ 0.00
Class B5 $ 1,416.10 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.03
------------------
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 % 6.13750036
Class A4 % 11.02498299
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: $ 123,513.29
--------------
3. Supplemental Servicing Fee amount: $ 245,444.38
--------------
4. Credit Losses for prior month: $ 0.00
--------------
Category Category Category
A B C
5. Senior Percentage: % 95.558986 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: % 4.441014
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President,
Investor Operations
Exhibit 99.08
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
September, 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 % 7.540549
-------------------------
Weighted average maturity 350.61
-------------------------
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 $ 0.30000000 % 0.00000000
PO $ 0.98348778 $ 0.09280625 $ 0.00000000 % 0.00000000
A1 $ 21.14640922 $ 20.06298646 $ 4.73518769 % 6.50000006
A2 $ 4.28368433 $ 4.06421253 $ 5.72638609 % 6.99999994
A3 $ 73.36732707 $ 69.60839873 $ 2.76877360 % 6.13750036
A4 $ 73.36732646 $ 69.60839888 $ 4.97363421 %11.02498299
A5 $ 21.14640918 $ 20.06298644 $ 4.91731027 % 6.75000002
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 $ 0.78533208 $ 0.00000000 $ 5.59932147 % 6.74999970
B1 $ 0.78533161 $ 0.00000000 $ 5.59932200 % 6.75000035
B2 $ 0.78533259 $ 0.00000000 $ 5.59932003 % 6.74999795
B3 $ 0.78533250 $ 0.00000000 $ 5.59932253 % 6.75000096
B4 $ 0.78533422 $ 0.00000000 $ 5.59931826 % 6.74999585
B5 $ 0.78533487 $ 0.00000000 $ 5.59931948 % 6.74999731
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 123,513.29
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 544,759,660.33
----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,800
----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157REP6
PO $ 213,602.03 $ 213,388.93 $ 984.78 GEC9804PO
A1 $ 94,430,714.79 $ 92,146,458.52 $ 853.04 36157REF8
A2 $ 80,156,971.56 $ 79,807,191.60 $ 977.38 36157REG6
A3 $ 11,754,847.37 $ 10,161,749.23 $ 467.98 36157REH4
A4 $ 2,518,895.86 $ 2,177,517.69 $ 467.98 36157REJ0
A5 $ 147,346,218.22 $ 143,781,948.66 $ 853.04 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 $ 540,072,475.22 $ 531,932,867.36 $ 904.37 GEC98004S
M $ 11,076,204.94 $ 11,067,466.54 $ 994.65 36157REQ4
B1 $ 5,388,289.50 $ 5,384,038.50 $ 994.65 36157RER2
B2 $ 2,693,647.04 $ 2,691,521.93 $ 994.65 36157RES0
B3 $ 2,395,016.55 $ 2,393,127.04 $ 994.65 36157RET8
B4 $ 1,197,309.18 $ 1,196,364.59 $ 994.65 36157REU5
B5 $ 1,794,948.27 $ 1,793,532.18 $ 994.65 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 $ 3,030,688.12
--- ---------------
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
A3 % 6.13750036
A4 % 11.02498299
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
SEPTEMBER 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: $1,350,420.83
-----------
(2) Aggregate Monthly Payments received and Monthly Advances made
this Month:
(a) Principal $212,618.05
-----------
(b) Interest $1,128,028.37
-----------
(c) Total $1,340,646.42
-----------
(3) Aggregate Principal Prepayments in part received on Self-
Amortizing Mortgage Loans and applied in the applicable
Prepayment Period:
(a) Principal $19,328.93
--------
(c) Total $19,328.93
--------
(4) Aggregate Principal Prepayments in full received in the
applicable Prepayment period:
(a) Principal $2,364,658.38
-----------
(b) Interest $19,768.96
-----------
(c) Total $2,384,427.34
-----------
(5) Aggregate Insurance Proceeds (inculding purchases of Mortgage
Loans by primary mortgage insurers) for prior month:
(a) Principal $0.00
---
(b) Interest $0.00
---
(c) Total $0.00
---
(6) Aggregate Liquidation Proceeds for prior month:
(a) Principal $0.00
---
(b) Interest $0.00
---
(c) Total $0.00
---
(7) Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $0.00
---
(b) Interest $0.00
---
(c) Total $0.00
---
(8) Aggregate Purchase Prices for (and substitution adjustments) for
Defective Mortgage Loans:
(a) Principal $0.00
---
(b) Interest $0.00
---
(c) Total $0.00
---
(9) Aggregate Purchase Prices for for Document Deficiencies per Sec.
2.02
(a) Principal $0.00
---
(b) Interest $0.00
---
(c) Total $0.00
---
(10) Pool Principal Balance $145,481,166.73
-------------
(11) Available Funds: $3,677,897.78
-------------
(12) Realized Losses for prior month: $0.00
-------------
(13) Aggregate Realized Losses: $0.00
-------------
(a) Deficient Valuations $0.00
-------------
(b) Special Hazard Losses $0.00
-------------
(c) Fraud Losses $0.00
-------------
(d) Excess Bankruptcy Losses $0.00
-------------
(e) Excess Special Hazard Losses $0.00
-------------
(f ) Excess Fraud Losses $0.00
-------------
(14) Compensating Interest Payment: $2,937.43
-------
(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 8.919%
------------- ---------------------
Class B4 36157RFA8 8.919%
------------- ---------------------
Class B5 36157RFB6 8.919%
------------- ---------------------
Class S 36198HE1 2.32%
------------- ---------------------
(20) Accrued Certificate Interest and Pay-out Rate:
Class A1 36158GAV0 $192,055.90 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 $280,948.63 2.32%
------------- -----------------------------
Class M 36158GBE7 $22,261.52 6.950%
------------- -----------------------------
Class B1 36158GBF4 $20,872.58 7.240%
------------- -----------------------------
Class B2 36158GBC2 $9,725.86 7.590%
------------- -----------------------------
Class B3 36157REZ4 $11,428.71 8.919%
------------- -----------------------------
Class B4 36157RFA8 $8,573.38 8.919%
------------- -----------------------------
Class B5 36157RFB6 $8,579.98 8.919%
------------- -----------------------------
Total $1,081,292.42
(21) Principal distributable:
Class A1 36158GAV0 $2,578,064.60
------------- ---------------------
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 $5,617.40
------------- ---------------------
Class B1 36158GBF4 $5,055.95
------------- ---------------------
Class B2 36158GBC2 $2,247.25
------------- ---------------------
Class B3 36157REZ4 $2,247.25
------------- ---------------------
Class B4 36157RFA8 $1,685.80
------------- ---------------------
Class B5 36157RFB6 $1,687.10
------------- ---------------------
Class R1 36158GBC1 $0.00
------------- ---------------------
Class R2 36158GBD9 $0.00
------------- ---------------------
Total $2,596,605.36
(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 91.279779%
2) Senior Prepayment Percentage for such Distribution Date 100.00%
3) Junior Percentage for such Distribution Date 8.720221%
4) Junior Prepayment Percentage for such Distribution Date 0.00%
5) Subordinate Certfificate Writedown Amount
for such Distribution Date $0.00
6) Prepayment Distribution Triggers satisfied:
Yes No
Class B1 X
-----------------------------------
Class B2 X
-----------------------------------
Class B3 X
-----------------------------------
Class B4 X
-----------------------------------
Class B5 X
-----------------------------------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
- ------------------------------------------
Name: Tim Neer
Title: Vice President of Investor Operations
Exhibit 99.10
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
SEPTEMBER 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 $57.80413891
---------------- -------
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 $1.45077605
---------------- -------
Class B1 36158GBF4 $1.45077605
---------------- -------
Class B2 36158GBC2 $1.45077605
---------------- -------
Class B3 36157REZ4 $1.45077605
---------------- -------
Class B4 36157RFA8 $1.45077605
---------------- -------
Class B5 36157RFB6 $1.45077605
---------------- -------
Class R1 36158GBC1 $0.00000000
---------------- -------
Class R2 36158GBD9 $0.00000000
---------------- -------
(2) Aggregate Principal prepayments included in distribution:
Class A1 36158GAV0 $2,383,987.31
---------------- -----------
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 $4.30618609 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 $1.93116837 2.32%
----------------------------------------------
Class M 36158GBE7 $5.74936044 6.950%
----------------------------------------------
Class B1 36158GBF4 $5.98926182 7.240%
----------------------------------------------
Class B2 36158GBC2 $6.27879795 7.590%
----------------------------------------------
Class B3 36157REZ4 $7.37812034 8.919%
----------------------------------------------
Class B4 36157RFA8 $7.37812034 8.919%
----------------------------------------------
Class B5 36157RFB6 $7.37812034 8.919%
----------------------------------------------
(4) Servicing Compensation: $64,586.47
--------
The amounts below are for the aggregate of all Certificates:
(5) Pool Principal Balance; $145,481,166.73
-------------
number of Mortgage
Loans: 2,107
-------------
(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 $32,742,560.61 $734.13813017
----------------------------------------
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 $3,838,098.91 $991.24455246
----------------------------------------
Class B1 36158GBF4 $3,454,487.27 $991.24455246
----------------------------------------
Class B2 36158GBC2 $1,535,437.81 $991.24455246
----------------------------------------
Class B3 36157REZ4 $1,535,437.81 $991.24455246
----------------------------------------
Class B4 36157RFA8 $1,151,826.17 $991.24455246
----------------------------------------
Class B5 36157RFB6 $1,152,712.80 $991.24455246
----------------------------------------
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 $503,991.24
---------
14
---------
Two Payments Delinquent $168,536.78
---------
3
---------
Three or more Payments Delinquent $91,000.83
---------
2
---------
TOTAL $763,528.85
---------
19
---------
In foreclosure $0.00
---------
0
---------
(9) Aggregate Scheduled Principal Balance and number of replaced
Mortgage Loans:
$0.00
----------
0
----------
(10) Unpaid Net Simple Interest Shortfall:
Class A1 36157NFF6 $0.00
---------------- ----------
Class A2 36157NFG4 $0.00
---------------- ----------
Class A3 36157NFH2 $0.00
---------------- ----------
Class A4 36157NFJ8 $0.00
---------------- ----------
Class A5 36157NFK5 $0.00
---------------- ----------
Class A6 36157NFL3 $0.00
---------------- ----------
Class A7 36157NFM1 $0.00
---------------- ----------
Class S 36197HE4 $0.00
---------------- ----------
Class M 36157NFQ2 $0.00
---------------- ----------
Class B1 36157NFR0 $0.00
---------------- ----------
Class B2 36157NFS8 $0.00
---------------- ----------
Class B3 36157NFT6 $0.00
---------------- ----------
Class B4 36157NFU3 $0.00
---------------- ----------
Class B5 36157NFV1 $0.00
---------------- ----------
(11) Class Certificate Interest Rate of:
Class M 36157NFQ2 6.950%
---------------- -----------------
Class B1 36157NFR0 7.240%
---------------- -----------------
Class B2 36157NFS8 7.590%
---------------- -----------------
Class B3 36157NFT6 8.919%
---------------- -----------------
Class B4 36157NFU3 8.919%
---------------- -----------------
Class B5 36157NFV1 8.919%
---------------- -----------------
Class S 36197HE4 2.32%
---------------- -----------------
(12) Senior Percentage for such Distribution Date 91.279779%
-----------------
(13) Senior Prepayment Percentage
for such Distribution Date 100.00%
-----------------
(14) Junior Percentage for such
Distribution Date 8.720221%
-----------------
(15) Junior Prepayment Percentage
for such Distribution Date 0.00%
-----------------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
----------------------------------
Name: Tim Neer
Title: Vice President,
Investor Operations
Exhibit 99.11
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
September, 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 $ 319,913.83
------------------
(b) Interest $ 2,486,532.63
------------------
(c) Total $ 2,806,446.46
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 284,849.73
------------------
(b) Interest $ 2,234,181.92
------------------
(c) Total $ 2,519,031.65
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 35,064.10
------------------
(b) Interest $ 252,350.71
------------------
(c) Total $ 287,414.81
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 108,465.97
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 11,194,673.37
------------------
(b) Interest $ 69,461.17
------------------
(c) Total $ 11,264,134.54
------------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
------------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
------------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
12. Pool Scheduled Principal Balance: $ 397,704,961.00
-----------------
13. Available Funds: $ 13,923,702.55
-----------------
14. Realized Losses for prior month: $ 0.00
-----------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
------------------
17. Compensating Interest Payment: $ 8,567.10
------------------
18. Total interest payments: $ 2,300,649.38
------------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 %0.000000000
PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
A1 $ 1,771,923.63 $ 0.00 $ 1,771,923.63 %6.750000018
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 $ 46,016.12 $ 0.00 $ 46,016.12 %6.749999510
B1 $ 19,898.87 $ 0.00 $ 19,898.87 %6.750001582
B2 $ 11,193.11 $ 0.00 $ 11,193.11 %6.750000618
B3 $ 9,949.43 $ 0.00 $ 9,949.43 %6.749998189
B4 $ 4,974.71 $ 0.00 $ 4,974.71 %6.749998999
B5 $ 7,462.08 $ 0.00 $ 7,462.08 %6.749995777
20. Principal Distribution Amount: $ 11,623,053.17
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 365.40 $ 0.00
Class A1 $ 11,608,866.34 $ 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 $ 6,392.41 $ 0.00
Class B1 $ 2,764.29 $ 0.00
Class B2 $ 1,554.91 $ 0.00
Class B3 $ 1,382.14 $ 0.00
Class B4 $ 691.07 $ 0.00
Class B5 $ 1,036.61 $ 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: $ 89,954.83
-------------
3. Supplemental Servicing Fee amount: $ 170,347.34
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category Category Category
A B C
5. Senior Percentage: % 95.675381 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: % 4.324619
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President,
Investor Operations
Exhibit 99.12
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
September, 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 % 7.502207
-------------------------
Weighted average maturity 350.58
-------------------------
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 $ 1.06646898 $ 0.14736185 $ 0.00000000 % 0.00000000
A1 $ 33.21562335 $ 32.34072397 $ 5.06987902 % 6.75000002
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 $ 0.77839659 $ 0.00000000 $ 5.60333130 % 6.74999951
B1 $ 0.77839784 $ 0.00000000 $ 5.60333302 % 6.75000158
B2 $ 0.77839647 $ 0.00000000 $ 5.60333223 % 6.75000062
B3 $ 0.77839502 $ 0.00000000 $ 5.60333020 % 6.74999819
B4 $ 0.77839590 $ 0.00000000 $ 5.60333088 % 6.74999900
B5 $ 0.77839772 $ 0.00000000 $ 5.60332822 % 6.74999578
2. Unanticipated Recoveries: $ 0.00
--------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 89,954.83
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 397,704,961.00
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,295
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36158GAK4
PO $ 323,680.38 $ 323,314.99 $ 943.64 GEC9805PO
A1 $ 315,008,644.49 $ 303,399,778.15 $ 868.10 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 $ 393,555,220.52 $ 381,949,748.98 $ 893.17 GEC98005S
M $ 8,180,644.15 $ 8,174,251.74 $ 995.37 36158GAL2
B1 $ 3,537,576.06 $ 3,534,811.78 $ 995.37 36158GAM0
B2 $ 1,989,886.04 $ 1,988,331.13 $ 995.37 36158GAN8
B3 $ 1,768,788.03 $ 1,767,405.89 $ 995.37 36157REW1
B4 $ 884,393.02 $ 883,701.95 $ 995.37 36157REX9
B5 $ 1,326,592.83 $ 1,325,556.22 $ 995.37 36157REY7
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 1 Principal Balance $ 294,887.80
-------- ---------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ---------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ---------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ---------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ---------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
---------------
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
September, 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 $ 153,740.52
------------------
(b) Interest $ 1,181,570.54
------------------
(c) Total $ 1,335,311.06
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 125,067.17
------------------
(b) Interest $ 962,256.53
------------------
(c) Total $ 1,087,323.70
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 28,673.35
------------------
(b) Interest $ 219,314.01
------------------
(c) Total $ 247,987.36
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 81,909.69
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 3,715,025.31
------------------
(b) Interest $ 22,808.18
------------------
(c) Total $ 3,737,833.49
------------------
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: $ 190,570,516.25
-----------------
13. Available Funds: $ 5,043,838.96
-----------------
14. Realized Losses for prior month: $ 0.00
-----------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
------------------
17. Compensating Interest Payment: $ 4,160.13
------------------
18. Total interest payments: $ 1,093,163.43
------------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
1PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A1 $ 679,725.94 $ 0.00 $ 679,725.94 % 6.749999972
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 $ 21,028.97 $ 0.00 $ 21,028.97 % 6.749999378
1B1 $ 9,094.06 $ 0.00 $ 9,094.06 % 6.749997193
1B2 $ 5,115.76 $ 0.00 $ 5,115.76 % 6.749998549
1B3 $ 4,544.23 $ 0.00 $ 4,544.23 % 6.749999592
1B4 $ 2,273.24 $ 0.00 $ 2,273.24 % 6.750012453
1B5 $ 3,408.36 $ 0.00 $ 3,408.36 % 6.749993613
20. Principal Distribution Amount: $ 3,950,675.53
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 1PO $ 169.95 $ 0.00
Class 1A1 $ 3,944,118.26 $ 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 $ 2,954.36 $ 0.00
Class 1B1 $ 1,277.62 $ 0.00
Class 1B2 $ 718.71 $ 0.00
Class 1B3 $ 638.42 $ 0.00
Class 1B4 $ 319.37 $ 0.00
Class 1B5 $ 478.84 $ 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: $ 43,616.61
-------------
3. Supplemental Servicing Fee amount: $ 70,385.39
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category Category Category
A B C
5. Senior Percentage: % 95.841004 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: % 4.158996
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President,
Investor Operations
Exhibit 99.14
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
September, 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 % 7.437941
-------------------------
Weighted average maturity 351.92
-------------------------
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 $ 0.93447409 $ 0.04244860 $ 0.00000000 % 0.00000000
1A1 $ 30.54236046 $ 29.40254677 $ 5.26364407 % 6.74999997
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 $ 0.78719957 $ 0.00000000 $ 5.60324274 % 6.74999938
1B1 $ 0.78719655 $ 0.00000000 $ 5.60324091 % 6.74999719
1B2 $ 0.78719606 $ 0.00000000 $ 5.60324206 % 6.74999855
1B3 $ 0.78720099 $ 0.00000000 $ 5.60324291 % 6.74999959
1B4 $ 0.78720730 $ 0.00000000 $ 5.60325364 % 6.75001245
1B5 $ 0.78719809 $ 0.00000000 $ 5.60323796 % 6.74999361
2. Unanticipated Recoveries: $ 0.00
--------------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 43,616.61
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 190,570,516.25
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 618
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
1PO $ 181,023.96 $ 180,854.01 $ 994.43 GEC986PO1
1A1 $ 120,840,167.62 $ 116,896,049.36 $ 905.22 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 $ 186,142,176.48 $ 182,199,567.67 $ 937.09 GE986SUP1
1R $ 0.00 $ 0.00 $ 0.00 36158GCD8
1M $ 3,738,483.90 $ 3,735,529.54 $ 995.34 36158GBP2
1B1 $ 1,616,722.45 $ 1,615,444.83 $ 995.34 36158GBQ0
1B2 $ 909,468.64 $ 908,749.93 $ 995.34 36158GBR8
1B3 $ 807,863.16 $ 807,224.74 $ 995.34 36158GCE6
1B4 $ 404,130.81 $ 403,811.44 $ 995.34 36158GCF3
1B5 $ 605,931.24 $ 605,452.40 $ 995.34 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 2 Principal Balance $ 470,388.14
-------- ----------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ----------------
3. 90 days or more
Number 1 Principal Balance $ 264,859.25
-------- ----------------
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
September, 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 $ 246,038.22
------------------
(b) Interest $ 1,900,303.72
------------------
(c) Total $ 2,146,341.94
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 220,987.14
------------------
(b) Interest $ 1,706,823.18
------------------
(c) Total $ 1,927,810.32
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 25,051.08
------------------
(b) Interest $ 193,480.54
------------------
(c) Total $ 218,531.62
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 56,587.72
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 3,808,601.57
------------------
(b) Interest $ 23,529.76
------------------
(c) Total $ 3,832,131.33
------------------
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 $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
12. Pool Scheduled Principal Balance: $ 305,975,564.11
-----------------
13. Available Funds: $ 5,854,504.25
-----------------
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: $ 2,994.53
------------------
18. Total interest payments: $ 1,743,276.75
------------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
2PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2A1 $ 8,988.98 $ 0.00 $ 8,988.98 % 6.750001347
2A2 $ 415,518.17 $ 0.00 $ 415,518.17 % 6.749999938
2A3 $ 662,212.93 $ 0.00 $ 662,212.93 % 6.750000042
2A4 $ 123,238.13 $ 0.00 $ 123,238.13 % 6.749999726
2A5 $ 90,759.38 $ 0.00 $ 90,759.38 % 6.749999628
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 $ 33,832.75 $ 0.00 $ 33,832.75 % 6.749999395
2B1 $ 14,630.23 $ 0.00 $ 14,630.23 % 6.750000799
2B2 $ 8,231.25 $ 0.00 $ 8,231.25 % 6.749996371
2B3 $ 7,315.11 $ 0.00 $ 7,315.11 % 6.749996211
2B4 $ 3,657.56 $ 0.00 $ 3,657.56 % 6.750005387
2B5 $ 5,487.28 $ 0.00 $ 5,487.28 % 6.750003144
20. Principal Distribution Amount: $ 4,111,227.50
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 2PO $ 18.10 $ 0.00
Class 2A1 $ 416,884.47 $ 0.00
Class 2A2 $ 1,596,187.49 $ 0.00
Class 2A3 $ 2,087,819.21 $ 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 $ 4,772.03 $ 0.00
Class 2B1 $ 2,063.56 $ 0.00
Class 2B2 $ 1,161.00 $ 0.00
Class 2B3 $ 1,031.78 $ 0.00
Class 2B4 $ 515.89 $ 0.00
Class 2B5 $ 773.97 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
------------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
------------------
24. Subordinate Certificate Writedown Amount: $ 0.00
------------------
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: $ 67,020.92
-------------
3. Supplemental Servicing Fee amount: $ 115,182.24
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category Category Category
A B C
5. Senior Percentage: % 95.803639 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: % 4.196361
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Tim Neer
Vice President,
Investor Operations
Exhibit 99.16
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
September, 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 % 7.449546
-------------------------
Weighted average maturity 351.50
-------------------------
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 $ 0.10531093 $ 0.00000000 $ 0.00000000 % 0.00000000
2A1 $ 128.27214462 $ 120.90382154 $ 2.76584000 % 6.75000135
2A2 $ 19.90382804 $ 18.76049467 $ 5.18134759 % 6.74999994
2A3 $ 16.56999373 $ 15.61816540 $ 5.25565817 % 6.75000004
2A4 $ 0.00000000 $ 0.00000000 $ 5.62499977 % 6.74999973
2A5 $ 0.00000000 $ 0.00000000 $ 5.62499969 % 6.74999963
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 $ 0.79033289 $ 0.00000000 $ 5.60330407 % 6.74999940
2B1 $ 0.79033321 $ 0.00000000 $ 5.60330525 % 6.75000080
2B2 $ 0.79033356 $ 0.00000000 $ 5.60330157 % 6.74999637
2B3 $ 0.79033321 $ 0.00000000 $ 5.60330142 % 6.74999621
2B4 $ 0.79033321 $ 0.00000000 $ 5.60330908 % 6.75000539
2B5 $ 0.79033540 $ 0.00000000 $ 5.60330718 % 6.75000314
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 67,020.92
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 305,975,564.11
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 984
-----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
2PO $ 170,922.78 $ 170,904.68 $ 994.37 GEC986PO2
2A1 $ 1,598,040.57 $ 1,181,156.10 $ 363.43 36158GBS6
2A2 $ 73,869,897.57 $ 72,273,710.07 $ 901.22 36158GBT4
2A3 $ 117,726,742.38 $ 115,638,923.17 $ 917.77 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 $ 300,614,954.46 $ 296,509,557.57 $ 935.75 GE986SUP2
2M $ 6,014,711.65 $ 6,009,939.62 $ 995.35 36158GCA4
2B1 $ 2,600,929.47 $ 2,598,865.91 $ 995.35 36158GCB2
2B2 $ 1,463,334.12 $ 1,462,173.12 $ 995.35 36158GCC0
2B3 $ 1,300,464.73 $ 1,299,432.95 $ 995.35 36158GCH9
2B4 $ 650,232.37 $ 649,716.48 $ 995.35 36158GCJ5
2B5 $ 975,515.99 $ 974,742.02 $ 995.35 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 6 Principal Balance $ 1,824,029.38
-------- ----------------
2. 60-89 days
Number 1 Principal Balance $ 239,773.96
-------- ----------------
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):
Ending Notional Balance
Class
Class N/A $ N/A
Ending Component Principal Balances (if applicable):
Ending Component Balance
Class
Class N/A $ N/A
Exhibit 99.17
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
September, 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 $ 540,237.95
------------------
(b) Interest $ 954,106.47
------------------
(c) Total $ 1,494,344.42
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 366,568.29
------------------
(b) Interest $ 655,924.08
------------------
(c) Total $ 1,022,492.37
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 173,669.66
------------------
(b) Interest $ 298,182.39
------------------
(c) Total $ 471,852.05
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 79,249.49
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 1,431,549.73
------------------
(b) Interest $ 8,790.38
------------------
(c) Total $ 1,440,340.11
------------------
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: $ 158,677,898.26
-----------------
13. Available Funds: $ 2,920,095.82
-----------------
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: $ 2,584.25
------------------
18. Total interest payments: $ 869,058.66
------------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A $ 848,301.88 $ 0.00 $ 848,301.88 % 6.499999962
M $ 9,227.86 $ 0.00 $ 9,227.86 % 6.500002606
B1 $ 2,305.78 $ 0.00 $ 2,305.78 % 6.499986128
B2 $ 2,305.78 $ 0.00 $ 2,305.78 % 6.499986128
B3 $ 3,689.25 $ 0.00 $ 3,689.25 % 6.499993393
B4 $ 1,844.63 $ 0.00 $ 1,844.63 % 6.500011012
B5 $ 1,383.48 $ 0.00 $ 1,383.48 % 6.499979700
20. Principal Distribution Amount: $ 2,051,037.16
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 2,561.11 $ 0.00
Class A $ 2,035,596.99 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 5,725.65 $ 0.00
Class B1 $ 1,430.68 $ 0.00
Class B2 $ 1,430.68 $ 0.00
Class B3 $ 2,289.09 $ 0.00
Class B4 $ 1,144.54 $ 0.00
Class B5 $ 858.42 $ 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: $ 35,092.78
-------------
3. Supplemental Servicing Fee amount: $ 59,225.88
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category Category Category
A B C
5. Senior Percentage: % 97.611578 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: % 2.388422
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Tim Neer
Vice President,
Investor Operations
Exhibit 99.18
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
September, 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 % 7.194759
-------------------------
Weighted average maturity 171.49
-------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
PO $ 8.74209371 $ 5.29889440 $ 0.00000000 % 0.00000000
A $ 12.05422508 $ 8.93732954 $ 5.02340191 % 6.49999996
M $ 3.30683163 $ 0.00000000 $ 5.32952229 % 6.50000261
B1 $ 3.30682963 $ 0.00000000 $ 5.32950879 % 6.49998613
B2 $ 3.30682963 $ 0.00000000 $ 5.32950879 % 6.49998613
B3 $ 3.30683443 $ 0.00000000 $ 5.32951476 % 6.49999339
B4 $ 3.30681999 $ 0.00000000 $ 5.32952920 % 6.50001101
B5 $ 3.30684389 $ 0.00000000 $ 5.32950348 % 6.49997970
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 35,092.78
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 158,677,898.26
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 490
-----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36158GAB4
PO $ 287,333.56 $ 284,772.45 $ 972.04 GEC9807PO
A $ 156,609,578.75 $ 154,573,981.76 $ 915.34 36158GAA6
SUP $ 150,642,063.62 $ 148,871,778.64 $ 914.92 GEC987SUP
M $ 1,703,604.24 $ 1,697,878.59 $ 980.60 36158GAC2
B1 $ 425,683.37 $ 424,252.69 $ 980.60 36158GAD0
B2 $ 425,683.37 $ 424,252.69 $ 980.60 36158GAE8
B3 $ 681,093.00 $ 678,803.91 $ 980.60 36158GAP3
B4 $ 340,546.50 $ 339,401.96 $ 980.60 36158GAQ1
B5 $ 255,412.49 $ 254,554.07 $ 980.60 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 3 Principal Balance $ 768,941.19
-------- ---------------
2. 60-89 days
Number 1 Principal Balance $ 390,225.87
-------- ---------------
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
September, 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 $ 386,789.95
------------------
(b) Interest $ 2,956,832.35
------------------
(c) Total $ 3,343,622.30
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 366,197.40
------------------
(b) Interest $ 2,800,440.93
------------------
(c) Total $ 3,166,638.33
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 20,592.55
------------------
(b) Interest $ 156,391.42
------------------
(c) Total $ 176,983.97
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 99,567.92
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 7,027,134.80
------------------
(b) Interest $ 43,203.78
------------------
(c) Total $ 7,070,338.58
------------------
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: $ 477,434,307.41
-----------------
13. Available Funds: $ 10,238,376.85
-----------------
14. Realized Losses for prior month: $ 0.00
-----------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
------------------
17. Compensating Interest Payment: $ 8,545.67
------------------
18. Total interest payments: $ 2,724,884.20
------------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
1PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
1A1 $ 1,088,060.03 $ 0.00 $ 1,088,060.03 %6.749999971
1A2 $ 16,050.70 $ 0.00 $ 16,050.70 %6.749998339
1A3 $ 1,203,680.79 $ 0.00 $ 1,203,680.79 %6.749999975
1A4 $ 134,628.27 $ 0.00 $ 134,628.27 %6.750000188
1A5 $ 163,125.00 $ 0.00 $ 163,125.00 %6.750000000
1R $ 0.00 $ 0.00 $ 0.00 %0.000000000
1M $ 58,966.98 $ 0.00 $ 58,966.98 %6.750000049
1B1 $ 22,463.08 $ 0.00 $ 22,463.08 %6.750000836
1B2 $ 12,633.38 $ 0.00 $ 12,633.38 %6.750000968
1B3 $ 11,231.54 $ 0.00 $ 11,231.54 %6.750000819
1B4 $ 5,618.57 $ 0.00 $ 5,618.57 %6.749996411
1B5 $ 8,425.86 $ 0.00 $ 8,425.86 %6.749997236
20. Principal Distribution Amount: $ 7,513,492.65
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 1PO $ 602.36 $ 0.00
Class 1A1 $ 3,130,273.52 $ 0.00
Class 1A2 $ 69,851.18 $ 0.00
Class 1A3 $ 4,295,847.61 $ 0.00
Class 1A4 $ 0.00 $ 0.00
Class 1A5 $ 0.00 $ 0.00
Class SUP1 $ 0.00 $ 0.00
Class 1R $ 0.00 $ 0.00
Class 1M $ 8,359.37 $ 0.00
Class 1B1 $ 3,184.45 $ 0.00
Class 1B2 $ 1,790.95 $ 0.00
Class 1B3 $ 1,592.22 $ 0.00
Class 1B4 $ 796.51 $ 0.00
Class 1B5 $ 1,194.48 $ 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: $ 103,685.83
-------------
3. Supplemental Servicing Fee amount: $ 174,181.55
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category Category Category
A B C
5. Senior Percentage: % 95.620386 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: % 4.379614
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Tim Neer
Vice President,
Investor Operations
Exhibit 99.20
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
September, 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 % 7.428785
-------------------------
Weighted average maturity 351.47
-------------------------
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
----- ----------- ----------- ----------- -----------
1PO $ 1.13870688 $ 0.19274612 $ 0.00000000 % 0.00000000
1A1 $ 15.65136760 $ 14.88013075 $ 5.44030015 % 6.74999997
1A2 $ 23.28372667 $ 22.13639667 $ 5.35023333 % 6.74999834
1A3 $ 19.26389063 $ 18.31464309 $ 5.39767170 % 6.74999997
1A4 $ 0.00000000 $ 0.00000000 $ 5.62500016 % 6.75000019
1A5 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
1M $ 0.79491917 $ 0.00000000 $ 5.60735831 % 6.75000005
1B1 $ 0.79492012 $ 0.00000000 $ 5.60735896 % 6.75000084
1B2 $ 0.79491789 $ 0.00000000 $ 5.60735908 % 6.75000097
1B3 $ 0.79491762 $ 0.00000000 $ 5.60735896 % 6.75000082
1B4 $ 0.79492016 $ 0.00000000 $ 5.60735529 % 6.74999641
1B5 $ 0.79491881 $ 0.00000000 $ 5.60735599 % 6.74999724
2. Unanticipated Recoveries: $ 0.00
-------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 103,685.83
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 477,434,307.41
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,584
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
1PO $ 523,940.61 $ 523,338.25 $ 989.32 GEC9881PO
1A1 $ 193,432,895.06 $ 190,302,621.53 $ 951.51 36157RFC4
1A2 $ 2,853,458.48 $ 2,783,607.30 $ 927.87 36157RFD2
1A3 $ 213,987,696.80 $ 209,691,849.19 $ 940.32 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 $ 461,074,197.71 $ 453,589,552.15 $ 951.83 GE988SUP1
1R $ 0.00 $ 0.00 $ 0.00 36157RFL4
1M $ 10,483,018.59 $ 10,474,659.22 $ 996.07 36157RFH3
1B1 $ 3,993,435.95 $ 3,990,251.50 $ 996.07 36157RFJ9
1B2 $ 2,245,933.90 $ 2,244,142.95 $ 996.07 36157RFK6
1B3 $ 1,996,717.98 $ 1,995,125.75 $ 996.07 36158GCL0
1B4 $ 998,857.42 $ 998,060.91 $ 996.07 36158GCM8
1B5 $ 1,497,931.28 $ 1,496,736.79 $ 996.07 36158GCN6
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- ---------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ---------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ---------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ---------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ---------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
---------------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
------------------
2. Bankruptcy Loss Amount: $ 0.00
------------------
3. Fraud Loss Amount: $ 0.00
------------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.21
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
September, 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 $ 130,251.85
------------------
(b) Interest $ 1,014,681.98
------------------
(c) Total $ 1,144,933.83
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 128,177.39
------------------
(b) Interest $ 997,181.26
------------------
(c) Total $ 1,125,358.65
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 2,074.46
------------------
(b) Interest $ 17,500.72
------------------
(c) Total $ 19,575.18
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 26,618.02
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 4,182,210.26
------------------
(b) Interest $ 26,561.35
------------------
(c) Total $ 4,208,771.61
------------------
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: $ 163,870,324.52
-----------------
13. Available Funds: $ 5,284,907.40
-----------------
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: $ 5,238.86
------------------
18. Total interest payments: $ 945,827.25
------------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------- ------------
2PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2A1 $ 422,947.89 $ 0.00 $422,947.89 % 6.750000046
2A2 $ 88,229.17 $ 0.00 $ 88,229.17 % 7.000000264
2A3 $ 14,583.33 $ 0.00 $ 14,583.33 % 6.999998400
2A4 $ 16,041.67 $ 0.00 $ 16,041.67 % 7.000001455
2A5 $ 24,062.50 $ 0.00 $ 24,062.50 % 7.000000000
2A6 $ 25,211.49 $ 0.00 $ 25,211.49 % 7.000001157
2A7 $ 21,145.83 $ 0.00 $ 21,145.83 % 6.999998897
2A8 $ 21,145.83 $ 0.00 $ 21,145.83 % 6.999998897
2A9 $ 21,145.83 $ 0.00 $ 21,145.83 % 6.999998897
2A10 $ 21,145.83 $ 0.00 $ 21,145.83 % 6.999998897
2A11 $ 21,145.83 $ 0.00 $ 21,145.83 % 6.999998897
2A12 $ 58,587.58 $ 0.00 $ 58,587.58 % 6.200000335
2A13 $ 51,666.67 $ 0.00 $ 51,666.67 % 6.200000400
2A14 $ 98,437.50 $ 0.00 $ 98,437.50 % 6.750000000
2R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2M $ 19,178.56 $ 0.00 $ 19,178.56 % 6.750001243
2B1 $ 7,867.69 $ 0.00 $ 7,867.69 % 6.749996257
2B2 $ 3,936.65 $ 0.00 $ 3,936.65 % 6.749998157
2B3 $ 3,936.65 $ 0.00 $ 3,936.65 % 6.749998157
2B4 $ 1,962.72 $ 0.00 $ 1,962.72 % 6.750007738
2B5 $ 3,448.03 $ 0.00 $ 3,448.03 % 6.750000563
20. Principal Distribution Amount: $ 4,339,080.15
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 2PO $ 70.34 $ 0.00
Class 2A1 $ 4,333,458.16 $ 0.00
Class 2A2 $ 0.00 $ 0.00
Class 2A3 $ 0.00 $ 0.00
Class 2A4 $ 0.00 $ 0.00
Class 2A5 $ 0.00 $ 0.00
Class 2A6 $ 0.00 $ 0.00
Class 2A7 $ 0.00 $ 0.00
Class 2A8 $ 0.00 $ 0.00
Class 2A9 $ 0.00 $ 0.00
Class 2A10 $ 0.00 $ 0.00
Class 2A11 $ 0.00 $ 0.00
Class 2A12 $ 0.00 $ 0.00
Class 2A13 $ 0.00 $ 0.00
Class 2A14 $ 0.00 $ 0.00
Class SUP2 $ 0.00 $ 0.00
Class 2R $ 0.00 $ 0.00
Class 2M $ 2,640.01 $ 0.00
Class 2B1 $ 1,083.02 $ 0.00
Class 2B2 $ 541.90 $ 0.00
Class 2B3 $ 541.90 $ 0.00
Class 2B4 $ 270.18 $ 0.00
Class 2B5 $ 474.64 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
------------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
------------------
24. Subordinate Certificate Writedown Amount: $ 0.00
------------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
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: $ 36,282.95
-------------
3. Supplemental Servicing Fee amount: $ 60,589.73
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category Category Category
A B C
5. Senior Percentage: % 95.735976 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: % 4.264024
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Tim Neer
Vice President,
Investor Operations
Exhibit 99.22
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
September, 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 % 7.435764
-------------------------
Weighted average maturity 352.94
-------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
2PO $ 1.12348065 $ 0.24692936 $ 0.00000000 % 0.00000000
2A1 $ 52.62269388 $ 51.10908204 $ 5.13600375 % 6.75000005
2A2 $ 0.00000000 $ 0.00000000 $ 5.83333355 % 7.00000026
2A3 $ 0.00000000 $ 0.00000000 $ 5.83333200 % 6.99999840
2A4 $ 0.00000000 $ 0.00000000 $ 5.83333455 % 7.00000145
2A5 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
2A6 $ 0.00000000 $ 0.00000000 $ 5.83333430 % 7.00000116
2A7 $ 0.00000000 $ 0.00000000 $ 5.83333241 % 6.99999890
2A8 $ 0.00000000 $ 0.00000000 $ 5.83333241 % 6.99999890
2A9 $ 0.00000000 $ 0.00000000 $ 5.83333241 % 6.99999890
2A10 $ 0.00000000 $ 0.00000000 $ 5.83333241 % 6.99999890
2A11 $ 0.00000000 $ 0.00000000 $ 5.83333241 % 6.99999890
2A12 $ 0.00000000 $ 0.00000000 $ 5.16666695 % 6.20000034
2A13 $ 0.00000000 $ 0.00000000 $ 5.16666700 % 6.20000040
2A14 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
2R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
2M $ 0.77193275 $ 0.00000000 $ 5.60776608 % 6.75000124
2B1 $ 0.77193158 $ 0.00000000 $ 5.60776194 % 6.74999626
2B2 $ 0.77193732 $ 0.00000000 $ 5.60776353 % 6.74999816
2B3 $ 0.77193732 $ 0.00000000 $ 5.60776353 % 6.74999816
2B4 $ 0.77194286 $ 0.00000000 $ 5.60777143 % 6.75000774
2B5 $ 0.77193928 $ 0.00000000 $ 5.60776549 % 6.75000056
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 36,282.95
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 163,870,324.52
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 523
----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
2PO $ 62,337.96 $ 62,267.62 $ 994.55 GEC9882PO
2A1 $ 75,190,735.49 $ 70,857,277.33 $ 860.44 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 $ 163,826,447.89 $ 159,492,467.46 $ 932.77 GE988SUP2
2R $ 0.00 $ 0.00 $ 0.00 36157RGE9
2M $ 3,409,521.15 $ 3,406,881.15 $ 996.16 36157RGB5
2B1 $ 1,398,701.22 $ 1,397,618.20 $ 996.16 36157RGC3
2B2 $ 699,849.08 $ 699,307.18 $ 996.16 36157RGD1
2B3 $ 699,849.08 $ 699,307.18 $ 996.16 36158GCP1
2B4 $ 348,927.60 $ 348,657.43 $ 996.16 36158GCQ9
2B5 $ 612,983.06 $ 612,508.43 $ 996.16 36158GCR7
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- ----------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ----------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ----------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ----------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ----------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
---------------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
------------------
2. Bankruptcy Loss Amount: $ 0.00
------------------
3. Fraud Loss Amount: $ 0.00
------------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.23
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
September, 1998
Series 1998-09, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 591,779.46
------------------
(b) Interest $ 4,470,738.82
------------------
(c) Total $ 5,062,518.28
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 564,471.17
------------------
(b) Interest $ 4,266,329.31
------------------
(c) Total $ 4,830,800.48
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 27,308.29
------------------
(b) Interest $ 204,409.51
------------------
(c) Total $ 231,717.80
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 364,565.22
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 8,151,286.47
------------------
(b) Interest $ 51,046.93
------------------
(c) Total $ 8,202,333.40
------------------
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: $ 725,455,042.80
-----------------
13. Available Funds: $ 13,234,968.17
-----------------
14. Realized Losses for prior month: $ 0.00
-----------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
------------------
17. Compensating Interest Payment: $ 8,140.64
------------------
18. Total interest payments: $ 4,127,337.03
------------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A1 $ 264,722.72 $ 0.00 $ 264,722.72 % 6.500000102
A2 $ 295,959.73 $ 0.00 $ 295,959.73 % 6.499999927
A3 $ 1,167,001.74 $ 0.00 $ 1,167,001.74 % 6.999999985
A4 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A5 $ 59,533.45 $ 0.00 $ 0.00 % 6.750000322
A6 $ 80,855.17 $ 0.00 $ 80,855.17 % 6.887499094
A7 $ 29,085.00 $ 0.00 $ 29,085.00 % 7.000000000
A8 $ 287,859.38 $ 0.00 $ 287,859.38 % 6.750000117
A10 $ 891,276.46 $ 0.00 $ 891,276.46 % 6.750000034
A11 $ 113,917.50 $ 0.00 $ 113,917.50 % 6.750000000
A12 $ 128,700.00 $ 0.00 $ 128,700.00 % 6.750000000
A13 $ 130,481.72 $ 0.00 $ 130,481.72 % 6.750000065
A14 $ 29,166.67 $ 0.00 $ 29,166.67 % 7.000000800
A15 $ 178,750.00 $ 0.00 $ 178,750.00 % 6.500000000
A9 $ 28,439.71 $ 0.00 $ 28,439.71 % 6.750000593
A16 $ 18,929.81 $ 0.00 $ 18,929.81 % 6.219646405
A17 $ 125,966.81 $ 0.00 $ 125,966.81 % 6.749999866
A18 $ 55,575.00 $ 0.00 $ 55,575.00 % 6.750000000
A19 $ 72,406.40 $ 0.00 $ 72,406.40 % 6.750000466
RL $ 0.00 $ 0.00 $ 0.00 % 0.000000000
M $ 78,027.57 $ 0.00 $ 78,027.57 % 6.749999762
B1 $ 33,741.80 $ 0.00 $ 33,741.80 % 6.749999057
B2 $ 18,978.01 $ 0.00 $ 18,978.01 % 6.749999449
B3 $ 16,873.71 $ 0.00 $ 16,873.71 % 6.750000758
B4 $ 8,434.05 $ 0.00 $ 8,434.05 % 6.750001381
B5 $ 12,654.61 $ 0.00 $ 12,654.61 % 6.749998573
One time adjustments made to A6 and A16 interest to correct errors in 7/98
and 8/98. A6 interest increased by $1,467.42 and A16 interest decreased by
$1,467.42.
20. Principal Distribution Amount: $ 9,107,631.14
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 960.09 $ 0.00
Class A1 $ 0.00 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 1,364,833.80 $ 0.00
Class A4 $ 50,549.40 $ 0.00
Class A5 $ 4,758,999.71 $ 59,533.45
Class A6 $ 0.00 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A8 $ 0.00 $ 0.00
Class A10 $ 2,967,663.40 $ 0.00
Class A11 $ 0.00 $ 0.00
Class A12 $ 0.00 $ 0.00
Class A13 $ 0.00 $ 0.00
Class A14 $ 0.00 $ 0.00
Class A15 $ 0.00 $ 0.00
Class A9 $ 0.00 $ 0.00
Class A16 $ 0.00 $ 0.00
Class A17 $ 0.00 $ 0.00
Class A18 $ 0.00 $ 0.00
Class A19 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class RL $ 0.00 $ 0.00
Class M $ 11,173.07 $ 0.00
Class B1 $ 4,831.62 $ 0.00
Class B2 $ 2,717.53 $ 0.00
Class B3 $ 2,416.21 $ 0.00
Class B4 $ 1,207.70 $ 0.00
Class B5 $ 1,812.06 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
-----------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.01
-----------------
24. Subordinate Certificate Writedown Amount: $ 0.00
-----------------
Accumulative
Class Supported Shortfall Supported Shortfall
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
-----------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class A6 % 6.76249962
Class A16 % 6.70178719
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: $ 156,724.45
-------------
3. Supplemental Servicing Fee amount: $ 241,647.56
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category Category Category
A B C
5. Senior Percentage: % 95.912382 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: % 4.087618
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Tim Neer
Vice President,
Investor Operations
Exhibit 99.24
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
September, 1998
Series 1998-09, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.391061
-------------------------
Weighted average maturity 352.03
-------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.10000000 %0.00000000
PO $ 1.17509473 $ 0.23232872 $ 0.00000000 %0.00000000
A1 $ 0.00000000 $ 0.00000000 $ 5.41666675 %6.50000010
A2 $ 0.00000000 $ 0.00000000 $ 5.41666661 %6.49999993
A3 $ 6.72263324 $ 6.30306526 $ 5.74819050 %6.99999999
A4 $ 6.40746728 $ 6.00756939 $ 0.00000000 %0.00000000
A5 $248.00087327 $ 235.46845772 $ 3.14170733 %6.75000032
A6 $ 0.00000000 $ 0.00000000 $ 5.73958258 %6.88749909
A7 $ 0.00000000 $ 0.00000000 $ 5.83333333 %7.00000000
A8 $ 0.00000000 $ 0.00000000 $ 5.62500010 %6.75000012
A10 $ 18.09546628 $ 16.96610556 $ 5.43459987 %6.75000003
A11 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
A12 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
A13 $ 0.00000000 $ 0.00000000 $ 5.62500005 %6.75000006
A14 $ 0.00000000 $ 0.00000000 $ 5.83333400 %7.00000080
A15 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
A9 $ 0.00000000 $ 0.00000000 $ 5.62500049 %6.75000059
A16 $ 0.00000000 $ 0.00000000 $ 5.18303867 %6.21964641
A17 $ 0.00000000 $ 0.00000000 $ 5.62499989 %6.74999987
A18 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
A19 $ 0.00000000 $ 0.00000000 $ 5.62500039 %6.75000047
RL $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
M $ 0.80352895 $ 0.00000000 $ 5.61147573 %6.74999976
B1 $ 0.80352902 $ 0.00000000 $ 5.61147514 %6.74999906
B2 $ 0.80352750 $ 0.00000000 $ 5.61147546 %6.74999945
B3 $ 0.80352843 $ 0.00000000 $ 5.61147655 %6.75000076
B4 $ 0.80352628 $ 0.00000000 $ 5.61147705 %6.75000138
B5 $ 0.80352764 $ 0.00000000 $ 5.61147473 %6.74999857
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
A5 $ 59,533.45
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 156,724.45
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 725,455,042.80
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 2,383
--------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36158GDQ8
PO $ 813,870.23 $ 812,910.15 $ 994.96 GEC9809PO
A1 $ 48,871,886.00 $ 48,871,886.00 $ 1,000.00 36158GCS5
A2 $ 54,638,720.00 $ 54,638,720.00 $ 1,000.00 36158GCT3
A3 $ 200,057,441.56 $ 198,692,607.76 $ 978.68 36158GCU0
A4 $ 7,779,388.16 $ 7,728,838.76 $ 979.68 36158GCV8
A5 $ 10,583,723.94 $ 5,884,257.68 $ 310.52 36158GCW6
A6 $ 14,087,291.00 $ 14,087,291.00 $ 1,000.00 36158GCX4
A7 $ 4,986,000.00 $ 4,986,000.00 $ 1,000.00 36158GCY2
A8 $ 51,175,000.00 $ 51,175,000.00 $ 1,000.00 36158GCZ9
A10 $ 158,449,147.64 $ 155,481,484.24 $ 948.06 36158GDB1
A11 $ 20,252,000.00 $ 20,252,000.00 $ 1,000.00 36158GDC9
A12 $ 22,880,000.00 $ 22,880,000.00 $ 1,000.00 36158GDD7
A13 $ 23,196,750.00 $ 23,196,750.00 $ 1,000.00 36158GDE5
A14 $ 5,000,000.00 $ 5,000,000.00 $ 1,000.00 36158GDF2
A15 $ 33,000,000.00 $ 33,000,000.00 $ 1,000.00 36158GDG0
A9 $ 5,055,948.00 $ 5,055,948.00 $ 1,000.00 36158GDA3
A16 $ 3,652,261.00 $ 3,652,261.00 $ 1,000.00 36158GDH8
A17 $ 22,394,100.00 $ 22,394,100.00 $ 1,000.00 36158GDJ4
A18 $ 9,880,000.00 $ 9,880,000.00 $ 1,000.00 36158GDK1
A19 $ 12,872,248.00 $ 12,872,248.00 $ 1,000.00 36158GDL9
SUP $ 697,149,475.59 $ 688,084,082.69 $ 963.59 GEC98009S
RL $ 0.00 $ 0.00 $ 0.00 36158GDR6
M $ 13,871,568.49 $ 13,860,395.42 $ 996.79 36158GDM7
B1 $ 5,998,543.06 $ 5,993,711.44 $ 996.79 36158GDN5
B2 $ 3,373,868.72 $ 3,371,151.19 $ 996.79 36158GDP0
B3 $ 2,999,770.33 $ 2,997,354.12 $ 996.79 36158GDS4
B4 $ 1,499,386.36 $ 1,498,178.66 $ 996.79 36158GDT2
B5 $ 2,249,708.92 $ 2,247,896.86 $ 996.79 36158GDU9
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- ---------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ---------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ---------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ---------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ---------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
---------------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
A6 % 6.76249962
A16 % 6.70178719
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
------------------
2. Bankruptcy Loss Amount: $ 0.00
------------------
3. Fraud Loss Amount: $ 0.00
------------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
------------
F. Ending Notional Component Balances (if applicable):
Ending Notional Balance
Class
Class A4_1 $ 0.00
Class A4_2 $ 0.00
Class A4_3 $ 0.00
Ending Component Principal Balances (if applicable):
Ending Component Balance
Class
Class A4_1 $ 7,358,985.76
Class A4_2 $ 185,186.00
Class A4_3 $ 184,667.00
Exhibit 99.25
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
September, 1998
Series 1998-10A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 387,873.64
------------------
(b) Interest $ 3,009,050.27
------------------
(c) Total $ 3,396,923.91
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 326,575.15
------------------
(b) Interest $ 2,533,121.00
------------------
(c) Total $ 2,859,696.15
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 61,298.49
------------------
(b) Interest $ 475,929.27
------------------
(c) Total $ 537,227.76
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 107,344.72
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 1,734,053.02
------------------
(b) Interest $ 10,664.60
------------------
(c) Total $ 1,744,717.62
------------------
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: $ 486,915,681.69
-----------------
13. Available Funds: $ 4,977,155.74
-----------------
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: $ 1,974.15
------------------
18. Total interest payments: $ 2,747,884.35
------------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
PO1 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A1 $ 554,404.96 $ 0.00 $ 554,404.96 % 6.650000020
1A2 $ 189,583.33 $ 0.00 $ 189,583.33 % 6.499999886
1A3 $ 152,160.00 $ 0.00 $ 152,160.00 % 6.400000000
1A4 $ 23,949.83 $ 0.00 $ 23,949.83 % 6.749999058
1A5 $ 1,109,649.17 $ 0.00 $ 1,109,649.17 % 6.999999974
1A6 $ 70,433.02 $ 0.00 $ 0.00 % 7.000000122
1A7 $ 78,046.70 $ 0.00 $ 0.00 % 6.999999731
1A8 $ 6,767.06 $ 0.00 $ 0.00 % 7.000005000
1A9 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A10 $ 449,949.38 $ 0.00 $ 449,949.38 % 6.750000075
1R $ 0.56 $ 0.00 $ 0.56 %49.080000000
1RL $ 0.56 $ 0.00 $ 0.56 % 6.720000000
1M $ 52,230.31 $ 0.00 $ 52,230.31 % 6.750000294
1B1 $ 22,588.05 $ 0.00 $ 22,588.05 % 6.749999770
1B2 $ 12,705.43 $ 0.00 $ 12,705.43 % 6.750001169
1B3 $ 11,291.22 $ 0.00 $ 11,291.22 % 6.750000336
1B4 $ 5,645.61 $ 0.00 $ 5,645.61 % 6.750000404
1B5 $ 8,475.63 $ 0.00 $ 8,475.63 % 6.750001822
20. Principal Distribution Amount: $ 2,229,271.39
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class PO1 $ 698.96 $ 0.00
Class 1A1 $ 0.00 $ 0.00
Class 1A2 $ 0.00 $ 0.00
Class 1A3 $ 0.00 $ 0.00
Class 1A4 $ 0.00 $ 0.00
Class 1A5 $ 1,099,550.47 $ 0.00
Class 1A6 $ 1,189,321.48 $ 70,433.02
Class 1A7 $ 0.00 $ 78,046.70
Class 1A8 $ 0.00 $ 6,767.06
Class 1A9 $ 79,029.33 $ 0.00
Class 1A10 $ 0.00 $ 0.00
Class SUP1 $ 0.00 $ 0.00
Class 1R $ 0.00 $ 0.00
Class 1RL $ 0.00 $ 0.00
Class 1M $ 7,361.66 $ 0.00
Class 1B1 $ 3,183.70 $ 0.00
Class 1B2 $ 1,790.78 $ 0.00
Class 1B3 $ 1,591.45 $ 0.00
Class 1B4 $ 795.73 $ 0.00
Class 1B5 $ 1,194.61 $ 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: $ 103,483.50
-------------
3. Supplemental Servicing Fee amount: $ 167,751.17
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category Category Category
A B C
5. Senior Percentage: % 95.890066 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: % 4.109934
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Tim Neer
Vice President,
Investor Operations
Exhibit 99.26
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
September, 1998
Series 1998-10A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.410197
-------------------------
Weighted average maturity 353.50
-------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
PO1 $ 1.10224846 $ 0.20317857 $ 0.00000000 % 0.00000000
1A1 $ 0.00000000 $ 0.00000000 $ 5.54166668 % 6.65000002
1A2 $ 0.00000000 $ 0.00000000 $ 5.41666657 % 6.49999989
1A3 $ 0.00000000 $ 0.00000000 $ 5.33333333 % 6.40000000
1A4 $ 0.00000000 $ 0.00000000 $ 5.62499941 % 6.74999906
1A5 $ 5.70010612 $ 4.74336511 $ 5.75245811 % 6.99999997
1A6 $ 48.54179870 $ 42.93702430 $ 3.05566247 % 7.00000012
1A7 $ 0.00000000 $ 0.00000000 $ 5.93601308 % 6.99999973
1A8 $ 0.00000000 $ 0.00000000 $ 5.93601754 % 7.00000500
1A9 $ 9.26704151 $ 7.71160413 $ 0.00000000 % 0.00000000
1A10 $ 0.00000000 $ 0.00000000 $ 5.62500006 % 6.75000008
1R $ 0.00000000 $ 0.00000000 $ 40.90000000 % 49.08000000
1RL $ 0.00000000 $ 0.00000000 $ 5.60000000 % 6.72000000
1M $ 0.79098098 $ 0.00000000 $ 5.61193833 % 6.75000029
1B1 $ 0.79098137 $ 0.00000000 $ 5.61193789 % 6.74999977
1B2 $ 0.79098057 $ 0.00000000 $ 5.61193905 % 6.75000117
1B3 $ 0.79097913 $ 0.00000000 $ 5.61193837 % 6.75000034
1B4 $ 0.79098410 $ 0.00000000 $ 5.61193837 % 6.75000040
1B5 $ 0.79098299 $ 0.00000000 $ 5.61193957 % 6.75000182
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
1A6 $ 70,433.02
1A7 $ 78,046.70
1A8 $ 6,767.06
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 103,483.50
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 486,915,681.69
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,584
--------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
PO1 $ 632,179.55 $ 631,480.59 $ 995.83 GEC9810P1
1A1 $ 100,043,000.00 $ 100,043,000.00 $ 1,000.00 36158GDV7
1A2 $ 35,000,000.00 $ 35,000,000.00 $ 1,000.00 36158GDW5
1A3 $ 28,530,000.00 $ 28,530,000.00 $ 1,000.00 36158GDX3
1A4 $ 4,257,748.15 $ 4,257,748.15 $ 1,000.00 36158GDY1
1A5 $ 190,225,572.71 $ 189,126,022.24 $ 980.44 36158GDZ8
1A6 $ 12,074,231.79 $ 10,955,343.33 $ 475.29 36158GEA2
1A7 $ 13,379,434.80 $ 13,457,481.51 $ 1,023.54 36158GEB0
1A8 $ 1,160,066.60 $ 1,166,833.66 $ 1,023.54 36158GEC8
1A9 $ 8,031,713.27 $ 7,952,683.94 $ 932.54 36158GED6
1A10 $ 79,991,000.00 $ 79,991,000.00 $ 1,000.00 36158GEE4
SUP1 $ 458,613,681.74 $ 456,417,194.74 $ 966.03 GEC9810S1
1R $ 100.00 $ 100.00 $ 1,000.00 36158GEF1
1RL $ 100.00 $ 100.00 $ 1,000.00 36158GEG9
1M $ 9,285,388.04 $ 9,278,026.38 $ 996.89 36157RGR0
1B1 $ 4,015,653.47 $ 4,012,469.77 $ 996.89 36157RGS8
1B2 $ 2,258,742.72 $ 2,256,951.94 $ 996.89 36157RGT6
1B3 $ 2,007,327.90 $ 2,005,736.44 $ 996.89 36157RHH1
1B4 $ 1,003,663.94 $ 1,002,868.22 $ 996.89 36157RHJ7
1B5 $ 1,506,778.26 $ 1,505,583.66 $ 996.89 36157RHK4
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- ---------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ---------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ---------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ---------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ---------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
---------------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
------------------
2. Bankruptcy Loss Amount: $ 0.00
------------------
3. Fraud Loss Amount: $ 0.00
------------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.27
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
September, 1998
Series 1998-10B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 488,695.79
------------------
(b) Interest $ 862,287.18
------------------
(c) Total $ 1,350,982.97
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 369,236.00
------------------
(b) Interest $ 655,194.37
------------------
(c) Total $ 1,024,430.37
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 119,459.79
------------------
(b) Interest $ 207,092.81
------------------
(c) Total $ 326,552.60
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 74,211.89
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 1,307,033.52
------------------
(b) Interest $ 7,710.18
------------------
(c) Total $ 1,314,743.70
------------------
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: $ 145,841,138.89
-----------------
13. Available Funds: $ 2,667,516.13
-----------------
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: $ 2,000.29
------------------
18. Total interest payments: $ 797,574.93
------------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------- ------------
PO2 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2A1 $ 172,060.42 $ 0.00 $ 172,060.42 % 6.500000126
2A2 $ 162,147.92 $ 0.00 $ 162,147.92 % 6.500000134
2A3 $ 282,629.92 $ 0.00 $ 282,629.92 % 6.500000001
2A4 $ 2,630.46 $ 0.00 $ 0.00 % 6.499996180
2A5 $ 607.42 $ 0.00 $ 0.00 % 6.499965623
2A6 $ 107,588.42 $ 0.00 $ 107,588.42 % 6.499999761
2A7 $ 50,456.25 $ 0.00 $ 50,456.25 % 6.500000000
2R $ 0.54 $ 0.00 $ 0.54 % 6.480000000
2M $ 7,294.78 $ 0.00 $ 7,294.78 % 6.499998047
2B1 $ 4,049.68 $ 0.00 $ 4,049.68 % 6.500005049
2B2 $ 2,027.52 $ 0.00 $ 2,027.52 % 6.499998865
2B3 $ 3,239.74 $ 0.00 $ 3,239.74 % 6.499996915
2B4 $ 1,217.58 $ 0.00 $ 1,217.58 % 6.499973397
2B5 $ 1,624.28 $ 0.00 $ 1,624.28 % 6.499989962
20. Principal Distribution Amount: $ 1,869,941.20
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class PO2 $ 1,749.90 $ 0.00
Class 2A1 $ 0.00 $ 0.00
Class 2A2 $ 0.00 $ 0.00
Class 2A3 $ 1,162,036.33 $ 0.00
Class 2A4 $ 488,254.13 $ 2,630.46
Class 2A5 $ 112,747.09 $ 607.42
Class 2A6 $ 96,512.05 $ 0.00
Class 2A7 $ 0.00 $ 0.00
Class SUP2 $ 0.00 $ 0.00
Class 2R $ 0.00 $ 0.00
Class 2M $ 4,454.65 $ 0.00
Class 2B1 $ 2,472.99 $ 0.00
Class 2B2 $ 1,238.13 $ 0.00
Class 2B3 $ 1,978.39 $ 0.00
Class 2B4 $ 743.53 $ 0.00
Class 2B5 $ 991.89 $ 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: $ 30,929.17
-------------
3. Supplemental Servicing Fee amount: $ 41,169.43
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category Category Category
A B C
5. Senior Percentage: % 97.560908 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: % 2.439092
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Tim Neer
Vice President,
Investor Operations
Exhibit 99.28
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
September, 1998
Series 1998-10B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.073632
-------------------------
Weighted average maturity 173.32
-------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
PO2 $ 3.70805159 $ 0.21971991 $ 0.00000000 % 0.00000000
2A1 $ 0.00000000 $ 0.00000000 $ 5.41666677 % 6.50000013
2A2 $ 0.00000000 $ 0.00000000 $ 5.41666678 % 6.50000013
2A3 $ 21.66563494 $ 16.11976694 $ 5.26950536 % 6.50000000
2A4 $607.02958750 $ 454.09140000 $ 3.28807500 % 6.49999618
2A5 $ 80.09976429 $ 59.91901429 $ 0.43387143 % 6.49996562
2A6 $ 4.78967990 $ 3.56364020 $ 5.33937568 % 6.49999976
2A7 $ 0.00000000 $ 0.00000000 $ 5.41666667 % 6.50000000
2R $ 0.00000000 $ 0.00000000 $ 5.40000000 % 6.48000000
2M $ 3.27547794 $ 0.00000000 $ 5.36380882 % 6.49999805
2B1 $ 3.27548344 $ 0.00000000 $ 5.36381457 % 6.50000505
2B2 $ 3.27547619 $ 0.00000000 $ 5.36380952 % 6.49999886
2B3 $ 3.27548013 $ 0.00000000 $ 5.36380795 % 6.49999692
2B4 $ 3.27546256 $ 0.00000000 $ 5.36378855 % 6.49997340
2B5 $ 3.27548305 $ 0.00000000 $ 5.36380205 % 6.49998996
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
2A4 $ 2,630.46
2A5 $ 607.42
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 30,929.17
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 145,841,138.89
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 453
-----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
PO2 $ 466,475.41 $ 464,725.51 $ 984.76 GEC9810P2
2A1 $ 31,765,000.00 $ 31,765,000.00 $ 1,000.00 36158GEH7
2A2 $ 29,935,000.00 $ 29,935,000.00 $ 1,000.00 36158GEJ3
2A3 $ 52,177,831.38 $ 51,015,795.05 $ 951.17 36158GEK0
2A4 $ 485,623.67 $ 0.00 $ 0.00 36158GEL8
2A5 $ 112,139.67 $ 0.00 $ 0.00 36158GEM6
2A6 $ 19,862,478.27 $ 19,765,966.22 $ 980.94 36158GEN4
2A7 $ 9,315,000.00 $ 9,315,000.00 $ 1,000.00 36158GEP9
SUP2 $ 134,157,399.61 $ 132,338,706.15 $ 963.30 GEC9810S2
2R $ 100.00 $ 100.00 $ 1,000.00 36158GEQ7
2M $ 1,346,729.02 $ 1,342,274.36 $ 986.97 36157RHD0
2B1 $ 747,632.65 $ 745,159.66 $ 986.97 36157RHE8
2B2 $ 374,311.45 $ 373,073.32 $ 986.97 36157RHF5
2B3 $ 598,106.13 $ 596,127.74 $ 986.97 36157RHL2
2B4 $ 224,784.92 $ 224,041.38 $ 986.97 36157RHM0
2B5 $ 299,867.54 $ 298,875.65 $ 986.97 36157RHN8
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- ---------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ---------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ---------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ---------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ---------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
---------------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
------------------
2. Bankruptcy Loss Amount: $ 0.00
------------------
3. Fraud Loss Amount: $ 0.00
------------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.29
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
September, 1998
Series 1998-11A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 403,858.92
------------------
(b) Interest $ 3,132,012.66
------------------
(c) Total $ 3,535,871.58
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 371,470.20
------------------
(b) Interest $ 2,878,401.41
------------------
(c) Total $ 3,249,871.61
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 32,388.72
------------------
(b) Interest $ 253,611.25
------------------
(c) Total $ 285,999.97
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 94,573.49
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 4,686,027.89
------------------
(b) Interest $ 29,339.14
------------------
(c) Total $ 4,715,367.03
------------------
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: $ 507,019,423.31
-----------------
13. Available Funds: $ 8,063,234.18
-----------------
14. Realized Losses for prior month: $ 0.00
-----------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
------------------
17. Compensating Interest Payment: $ 4,492.86
------------------
18. Total interest payments: $ 2,878,773.89
------------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
1PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A1 $ 1,059,252.66 $ 0.00 $ 1,059,252.66 % 6.749999974
1A2 $ 276,270.81 $ 0.00 $ 276,270.81 % 6.750000104
1A3 $ 28,350.00 $ 0.00 $ 28,350.00 % 7.000000000
1A4 $ 23,216.67 $ 0.00 $ 23,216.67 % 7.000001005
1A5 $ 23,216.67 $ 0.00 $ 23,216.67 % 7.000001005
1A6 $ 23,216.67 $ 0.00 $ 23,216.67 % 7.000001005
1A7 $ 91,000.00 $ 0.00 $ 91,000.00 % 6.500000000
1A8 $ 233,573.17 $ 0.00 $ 233,573.17 % 6.750000018
1A9 $ 17,262.41 $ 0.00 $ 17,262.41 % 6.750000261
1A10 $ 55,800.00 $ 0.00 $ 55,800.00 % 6.750000000
1A11 $ 286,875.00 $ 0.00 $ 286,875.00 % 6.750000000
1A12 $ 196,987.10 $ 0.00 $ 196,987.10 % 6.749999971
1A13 $ 80,860.47 $ 0.00 $ 80,860.47 % 6.750000383
1A14 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A15 $ 255,290.94 $ 0.00 $ 255,290.94 % 6.749999973
1A16 $ 107,224.86 $ 0.00 $ 107,224.86 % 6.750000270
1A17 $ 4,050.00 $ 0.00 $ 4,050.00 % 6.750000000
1R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1M $ 53,797.81 $ 0.00 $ 53,797.81 % 6.749999443
1B1 $ 23,268.02 $ 0.00 $ 23,268.02 % 6.750000553
1B2 $ 13,085.80 $ 0.00 $ 13,085.80 % 6.749998417
1B3 $ 11,631.20 $ 0.00 $ 11,631.20 % 6.749999441
1B4 $ 5,818.41 $ 0.00 $ 5,818.41 % 6.750001631
1B5 $ 8,725.22 $ 0.00 $ 8,725.22 % 6.749999705
20. Principal Distribution Amount: $ 5,184,460.29
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 1PO $ 443.80 $ 0.00
Class 1A1 $ 2,774,394.84 $ 0.00
Class 1A2 $ 524,713.04 $ 0.00
Class 1A3 $ 0.00 $ 0.00
Class 1A4 $ 0.00 $ 0.00
Class 1A5 $ 0.00 $ 0.00
Class 1A6 $ 0.00 $ 0.00
Class 1A7 $ 0.00 $ 0.00
Class 1A8 $ 0.00 $ 0.00
Class 1A9 $ 191,365.08 $ 0.00
Class 1A10 $ 0.00 $ 0.00
Class 1A11 $ 0.00 $ 0.00
Class 1A12 $ 108,691.64 $ 0.00
Class 1A13 $ 619,046.78 $ 0.00
Class 1A14 $ 0.00 $ 0.00
Class 1A15 $ 141,813.14 $ 0.00
Class 1A16 $ 807,688.33 $ 0.00
Class 1A17 $ 0.00 $ 0.00
Class SUP1 $ 0.00 $ 0.00
Class 1R $ 0.00 $ 0.00
Class 1M $ 7,539.99 $ 0.00
Class 1B1 $ 3,261.11 $ 0.00
Class 1B2 $ 1,834.03 $ 0.00
Class 1B3 $ 1,630.16 $ 0.00
Class 1B4 $ 815.47 $ 0.00
Class 1B5 $ 1,222.88 $ 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: $ 107,453.03
-------------
3. Supplemental Servicing Fee amount: $ 177,275.14
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category A Category B Category C
5. Senior Percentage: %N/A N/A N/A N/A
---- ---- -------- --------
6. Group I Senior Percentage:
%N/A N/A N/A N/A
---- ---- -------- --------
7. Group II Senior Percentage:
%N/A N/A N/A N/A
---- ---- -------- --------
8. Senior Prepayment Percentage:
%N/A N/A N/A N/A
---- ---- -------- --------
9. Group I Senior Prepayment
Percentage: %N/A N/A N/A N/A
---- ---- -------- --------
10. Group II Senior Prepayment
Percentage: %N/A N/A N/A N/A
---- ---- -------- --------
11. Junior Percentage: %N/A
----
12. Junior Prepayment Percentage:
%N/A
----
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Tim Neer
Vice President,
Investor Operations
Exhibit 99.30
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
September, 1998
Series 1998-11A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.409945
-------------------------
Weighted average maturity 353.48
-------------------------
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 $ 1.04971853 $ 0.13517669 $ 0.00000000 % 0.00000000
1A1 $ 14.50284809 $ 13.41628468 $ 5.53712838 % 6.74999997
1A2 $ 10.56185668 $ 9.77055515 $ 5.56100664 % 6.75000010
1A3 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
1A4 $ 0.00000000 $ 0.00000000 $ 5.83333417 % 7.00000101
1A5 $ 0.00000000 $ 0.00000000 $ 5.83333417 % 7.00000101
1A6 $ 0.00000000 $ 0.00000000 $ 5.83333417 % 7.00000101
1A7 $ 0.00000000 $ 0.00000000 $ 5.41666667 % 6.50000000
1A8 $ 0.00000000 $ 0.00000000 $ 5.62500002 % 6.75000002
1A9 $ 58.43208550 $ 54.05431450 $ 5.27096489 % 6.75000026
1A10 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1A11 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1A12 $ 3.08783068 $ 2.85648835 $ 5.59622443 % 6.74999997
1A13 $ 41.54676376 $ 38.43405101 $ 5.42687718 % 6.75000038
1A14 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
1A15 $ 3.10857387 $ 2.87567733 $ 5.59603113 % 6.74999997
1A16 $ 40.68958841 $ 37.64109622 $ 5.40175617 % 6.75000027
1A17 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
1M $ 0.78713749 $ 0.00000000 $ 5.61622403 % 6.74999944
1B1 $ 0.78713734 $ 0.00000000 $ 5.61622496 % 6.75000055
1B2 $ 0.78713734 $ 0.00000000 $ 5.61622318 % 6.74999842
1B3 $ 0.78713665 $ 0.00000000 $ 5.61622405 % 6.74999944
1B4 $ 0.78713320 $ 0.00000000 $ 5.61622587 % 6.75000163
1B5 $ 0.78713985 $ 0.00000000 $ 5.61622427 % 6.74999971
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 107,453.03
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 507,019,423.31
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,632
--------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
1PO $ 421,860.47 $ 421,416.66 $ 996.78 GE98111PO
1A1 $ 188,311,584.72 $ 185,537,189.87 $ 969.88 36157RJC0
1A2 $ 49,114,809.91 $ 48,590,096.86 $ 978.06 36157RJD8
1A3 $ 4,860,000.00 $ 4,860,000.00 $ 1,000.00 36157RJE6
1A4 $ 3,980,000.00 $ 3,980,000.00 $ 1,000.00 36157RJF3
1A5 $ 3,980,000.00 $ 3,980,000.00 $ 1,000.00 36157RJG1
1A6 $ 3,980,000.00 $ 3,980,000.00 $ 1,000.00 36157RJH9
1A7 $ 16,800,000.00 $ 16,800,000.00 $ 1,000.00 36157RJJ5
1A8 $ 41,524,119.00 $ 41,524,119.00 $ 1,000.00 36157RJK2
1A9 $ 3,068,872.77 $ 2,877,507.69 $ 878.63 36157RJL0
1A10 $ 9,920,000.00 $ 9,920,000.00 $ 1,000.00 36157RJM8
1A11 $ 51,000,000.00 $ 51,000,000.00 $ 1,000.00 36157RJN6
1A12 $ 35,019,929.04 $ 34,911,237.40 $ 991.80 36157RJP1
1A13 $ 14,375,193.85 $ 13,756,147.08 $ 923.23 36157RJQ9
1A14 $ 0.00 $ 0.00 $ 0.00 36157RJR7
1A15 $ 45,385,056.18 $ 45,243,243.04 $ 991.74 36157RJS5
1A16 $ 19,062,196.57 $ 18,254,508.25 $ 919.62 36157RJT3
1A17 $ 720,000.00 $ 720,000.00 $ 1,000.00 36157RJU0
SUP1 $ 488,893,500.92 $ 483,734,341.01 $ 978.35 G9811SUP1
1R $ 0.00 $ 0.00 $ 0.00 36157RJY2
1M $ 9,564,055.90 $ 9,556,515.92 $ 997.65 36157RJV8
1B1 $ 4,136,536.55 $ 4,133,275.44 $ 997.65 36157RJW6
1B2 $ 2,326,364.99 $ 2,324,530.96 $ 997.65 36157RJX4
1B3 $ 2,067,769.06 $ 2,066,138.89 $ 997.65 36157RLG8
1B4 $ 1,034,383.75 $ 1,033,568.27 $ 997.65 36157RLH6
1B5 $ 1,551,150.29 $ 1,549,927.41 $ 997.65 36157RLJ2
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- --------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- --------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- --------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- --------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- --------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
--------------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-----------------
2. Bankruptcy Loss Amount: $ 0.00
-----------------
3. Fraud Loss Amount: $ 0.00
-----------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.31
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
September, 1998
Series 1998-11B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 192,061.12
------------------
(b) Interest $ 1,500,383.86
------------------
(c) Total $ 1,692,444.98
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 176,338.87
------------------
(b) Interest $ 1,376,371.61
------------------
(c) Total $ 1,552,710.48
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 15,722.25
------------------
(b) Interest $ 124,012.25
------------------
(c) Total $ 139,734.50
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 63,735.82
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 1,882,744.23
------------------
(b) Interest $ 11,719.96
------------------
(c) Total $ 1,894,464.19
------------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
------------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
------------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
12. Pool Scheduled Principal Balance: $ 242,009,509.06
-----------------
13. Available Funds: $ 3,512,908.61
-----------------
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: $ 2,704.09
------------------
18. Total interest payments: $ 1,374,367.43
------------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
2PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
2A1 $ 129,991.29 $ 0.00 $ 129,991.29 %6.749999897
2A2 $ 40,484.17 $ 0.00 $ 40,484.17 %6.500000535
2A3 $ 47,026.11 $ 0.00 $ 47,026.11 %6.637499846
2A4 $ 140,089.68 $ 0.00 $ 140,089.68 %6.750000000
2A5 $ 134,468.77 $ 0.00 $ 134,468.77 %6.749999901
2A6 $ 53,954.56 $ 0.00 $ 53,954.56 %6.499999841
2A7 $ 13,195.65 $ 0.00 $ 13,195.65 %7.183926578
2A8 $ 10,208.33 $ 0.00 $ 10,208.33 %6.999997714
2A9 $ 11,666.67 $ 0.00 $ 11,666.67 %8.000002286
2A10 $ 412,211.23 $ 0.00 $ 412,211.23 %6.749999938
2A11 $ 250,312.50 $ 0.00 $ 250,312.50 %6.750000000
2A12 $ 29,135.81 $ 0.00 $ 29,135.81 %6.749999538
2A13 $ 2,075.18 $ 0.00 $ 2,075.18 %0.250000550
2A14 $ 14,530.83 $ 0.00 $ 14,530.83 %6.999998394
2A15 $ 14,530.83 $ 0.00 $ 14,530.83 %6.999998394
2A16 $ 14,536.67 $ 0.00 $ 14,536.67 %7.000001605
2R $ 0.00 $ 0.00 $ 0.00 %0.000000000
2RL $ 0.00 $ 0.00 $ 0.00 %0.000000000
2M $ 25,874.27 $ 0.00 $ 25,874.27 %6.750000238
2B1 $ 11,187.66 $ 0.00 $ 11,187.66 %6.750000724
2B2 $ 6,295.87 $ 0.00 $ 6,295.87 %6.750004088
2B3 $ 5,593.83 $ 0.00 $ 5,593.83 %6.750000724
2B4 $ 2,796.91 $ 0.00 $ 2,796.91 %6.749988657
2B5 $ 4,200.61 $ 0.00 $ 4,200.61 %6.749996666
20. Principal Distribution Amount: $ 2,138,541.18
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 2PO $ 215.54 $ 0.00
Class 2A1 $ 46,779.41 $ 0.00
Class 2A2 $ 0.00 $ 0.00
Class 2A3 $ 1,180,611.69 $ 0.00
Class 2A4 $ 0.00 $ 0.00
Class 2A5 $ 150,259.84 $ 0.00
Class 2A6 $ 26,813.01 $ 0.00
Class 2A7 $ 306,084.58 $ 0.00
Class 2A8 $ 0.00 $ 0.00
Class 2A9 $ 0.00 $ 0.00
Class 2A10 $ 286,223.53 $ 0.00
Class 2A11 $ 0.00 $ 0.00
Class 2A12 $ 133,729.89 $ 0.00
Class 2A13 $ 0.00 $ 0.00
Class 2A14 $ 0.00 $ 0.00
Class 2A15 $ 0.00 $ 0.00
Class 2A16 $ 0.00 $ 0.00
Class SUP2 $ 0.00 $ 0.00
Class 2R $ 0.00 $ 0.00
Class 2RL $ 0.00 $ 0.00
Class 2M $ 3,618.15 $ 0.00
Class 2B1 $ 1,564.43 $ 0.00
Class 2B2 $ 880.39 $ 0.00
Class 2B3 $ 782.22 $ 0.00
Class 2B4 $ 391.11 $ 0.00
Class 2B5 $ 587.39 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
------------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
------------------
24. Subordinate Certificate Writedown Amount: $ 0.00
------------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
2B1 $ 0.00 $ 0.00
2B2 $ 0.00 $ 0.00
2B3 $ 0.00 $ 0.00
2B4 $ 0.00 $ 0.00
2B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
------------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class 2A3 % 6.63749985
Class 2A7 % 7.18392658
Class 2A9 % 8.00000229
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied: Yes No
--- --
Class-2B1 X
Class-2B2 X
Class-2B3 X
Class-2B4 X
Class-2B5 X
2. Base Servicing Fee amount: $ 51,428.12
-------------
3. Supplemental Servicing Fee amount: $ 89,780.89
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category A Category B Category C
5. Senior Percentage: % N/A N/A N/A N/A
---- ---- -------- --------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
---- ---- -------- --------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
---- ---- -------- --------
8. Senior Prepayment Percentage:
% N/A N/A N/A N/A
---- ---- -------- --------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
---- ---- -------- --------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
---- ---- -------- --------
11. Junior Percentage: % N/A
----
12. Junior Prepayment Percentage:
% N/A
----
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Tim Neer
Vice President,
Investor Operations
Exhibit 99.32
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
September, 1998
Series 1998-11B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.43812
-------------------------
Weighted average maturity 353.69
-------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
2PO $ 1.04897896 $ 0.16595612 $ 0.00000000 % 0.00000000
2A1 $ 2.01827820 $ 1.84391713 $ 5.60842018 % 6.74999990
2A2 $ 0.00000000 $ 0.00000000 $ 5.41666711 % 6.50000054
2A3 $101.48097405 $ 92.71394021 $ 4.04218888 % 6.63749985
2A4 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
2A5 $ 6.22838715 $ 5.69031130 $ 5.57383503 % 6.74999990
2A6 $ 2.68130100 $ 2.44966100 $ 5.39545600 % 6.49999984
2A7 $101.48097409 $ 92.71394219 $ 4.37495876 % 7.18392658
2A8 $ 0.00000000 $ 0.00000000 $ 5.83333143 % 6.99999771
2A9 $ 0.00000000 $ 0.00000000 $ 6.66666857 % 8.00000229
2A10 $ 3.88362999 $ 3.54811967 $ 5.59309674 % 6.74999994
2A11 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
2A12 $ 24.87997953 $ 22.73057488 $ 5.42061581 % 6.74999954
2A13 $ 0.00000000 $ 0.00000000 $ 0.20751800 % 0.25000055
2A14 $ 0.00000000 $ 0.00000000 $ 5.83333200 % 6.99999839
2A15 $ 0.00000000 $ 0.00000000 $ 5.83333200 % 6.99999839
2A16 $ 0.00000000 $ 0.00000000 $ 5.83333467 % 7.00000161
2R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
2RL $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
2M $ 0.78535924 $ 0.00000000 $ 5.61629477 % 6.75000024
2B1 $ 0.78535643 $ 0.00000000 $ 5.61629518 % 6.75000072
2B2 $ 0.78536128 $ 0.00000000 $ 5.61629795 % 6.75000409
2B3 $ 0.78536145 $ 0.00000000 $ 5.61629518 % 6.75000072
2B4 $ 0.78536145 $ 0.00000000 $ 5.61628514 % 6.74998866
2B5 $ 0.78535109 $ 0.00000000 $ 5.61629183 % 6.74999667
2. Unanticipated Recoveries: $ 0.00
--------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 51,428.12
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 242,009,509.06
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 794
----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
2PO $ 204,949.29 $ 204,733.75 $ 996.39 GE98112PO
2A1 $ 23,109,563.02 $ 23,062,783.61 $ 995.03 36157RJZ9
2A2 $ 7,474,000.00 $ 7,474,000.00 $ 1,000.00 36157RKA2
2A3 $ 8,501,895.79 $ 7,321,284.09 $ 629.31 GE98112A3
2A4 $ 24,904,832.00 $ 24,904,832.00 $ 1,000.00 36157RKC8
2A5 $ 23,905,559.46 $ 23,755,299.62 $ 984.68 36157RKD6
2A6 $ 9,960,842.09 $ 9,934,029.08 $ 993.40 36157RKE4
2A7 $ 2,204,195.69 $ 1,898,111.11 $ 629.31 GE98112A7
2A8 $ 1,750,000.00 $ 1,750,000.00 $ 1,000.00 36157RKG9
2A9 $ 1,750,000.00 $ 1,750,000.00 $ 1,000.00 36157RKH7
2A10 $ 73,281,997.12 $ 72,995,773.59 $ 990.44 36157RKJ3
2A11 $ 44,500,000.00 $ 44,500,000.00 $ 1,000.00 36157RKK0
2A12 $ 5,179,699.91 $ 5,045,970.02 $ 938.79 36157RKL8
2A13 $ 9,960,842.09 $ 9,934,029.08 $ 993.40 36157RKM6
2A14 $ 2,491,000.00 $ 2,491,000.00 $ 1,000.00 36157RKN4
2A15 $ 2,491,000.00 $ 2,491,000.00 $ 1,000.00 36157RKP9
2A16 $ 2,492,000.00 $ 2,492,000.00 $ 1,000.00 36157RKQ7
SUP2 $ 231,494,161.84 $ 229,368,476.06 $ 970.39 G9811SUP2
2R $ 0.00 $ 0.00 $ 0.00 36157RKU8
2RL $ 0.00 $ 0.00 $ 0.00 36157RKV6
2M $ 4,599,870.06 $ 4,596,251.91 $ 997.67 36157RKR5
2B1 $ 1,988,917.12 $ 1,987,352.68 $ 997.67 36157RKS3
2B2 $ 1,119,265.10 $ 1,118,384.72 $ 997.67 36157RKT1
2B3 $ 994,458.56 $ 993,676.34 $ 997.67 36157RLK9
2B4 $ 497,229.28 $ 496,838.17 $ 997.67 36157RLL7
2B5 $ 746,775.48 $ 746,188.08 $ 997.67 36157RLM5
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- ---------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ---------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ---------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ---------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ---------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
---------------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
2A3 % 6.63749985
2A7 % 7.18392658
2A9 % 8.00000229
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-----------------
2. Bankruptcy Loss Amount: $ 0.00
-----------------
3. Fraud Loss Amount: $ 0.00
-----------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.33
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
September, 1998
Series 1998-11C, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 366,262.41
------------------
(b) Interest $ 660,441.85
------------------
(c) Total $ 1,026,704.26
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 315,678.91
------------------
(b) Interest $ 568,285.99
------------------
(c) Total $ 883,964.90
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 50,583.50
------------------
(b) Interest $ 92,155.86
------------------
(c) Total $ 142,739.36
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 34,917.06
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 1,761,880.60
------------------
(b) Interest $ 10,433.46
------------------
(c) Total $ 1,772,314.06
------------------
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: $ 111,101,483.54
-----------------
13. Available Funds: $ 2,775,001.00
-----------------
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: $ 740.03
------------------
18. Total interest payments: $ 611,940.94
------------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------- ------------
3PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
SUP3 $ 35,560.35 $ 0.00 $ 35,560.35 %0.407621622
3A $ 597,928.70 $ 0.00 $ 597,928.70 %6.499999986
3M $ 6,226.90 $ 0.00 $ 6,226.90 %6.500002310
3B1 $ 3,110.76 $ 0.00 $ 3,110.76 %6.500004344
3B2 $ 1,555.38 $ 0.00 $ 1,555.38 %6.500004231
3B3 $ 1,248.61 $ 0.00 $ 1,248.61 %6.500006637
3B4 $ 931.07 $ 0.00 $ 931.07 %6.499967712
3B5 $ 939.52 $ 0.00 $ 939.52 %6.499982243
3R $ 0.00 $ 0.00 $ 0.00 %0.000000000
20. Principal Distribution Amount: $ 2,163,060.06
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 3PO $ 1,054.05 $ 0.00
Class SUP3 $ 0.00 $ 0.00
Class 3A $ 2,153,642.25 $ 0.00
Class 3M $ 3,716.77 $ 0.00
Class 3B1 $ 1,856.78 $ 0.00
Class 3B2 $ 928.39 $ 0.00
Class 3B3 $ 745.28 $ 0.00
Class 3B4 $ 555.75 $ 0.00
Class 3B5 $ 560.79 $ 0.00
Class 3R $ 0.00 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
---------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
---------------
24. Subordinate Certificate Writedown Amount: $ 0.00
---------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
3B1 $ 0.00 $ 0.00
3B2 $ 0.00 $ 0.00
3B3 $ 0.00 $ 0.00
3B4 $ 0.00 $ 0.00
3B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
---------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied: Yes No
--- --
Class-3B1 X
Class-3B2 X
Class-3B3 X
Class-3B4 X
Class-3B5 X
2. Base Servicing Fee amount: $ 24,006.24
-------------
3. Supplemental Servicing Fee amount: $ 35,560.35
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category A Category B Category C
5. Senior Percentage: %N/A N/A N/A N/A
---- ----- -------- -------
6. Group I Senior Percentage:
%N/A N/A N/A N/A
---- ----- -------- -------
7. Group II Senior Percentage:
%N/A N/A N/A N/A
---- ----- -------- -------
8. Senior Prepayment Percentage:
%N/A N/A N/A N/A
---- ----- -------- -------
9. Group I Senior Prepayment
Percentage: %N/A N/A N/A N/A
---- ----- -------- -------
10. Group II Senior Prepayment
Percentage: %N/A N/A N/A N/A
---- ----- -------- -------
11. Junior Percentage: %N/A
----
12. Junior Prepayment Percentage:
%N/A
----
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Tim Neer
Vice President,
Investor Operations
Exhibit 99.34
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
September, 1998
Series 1998-11C, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.113404
-------------------------
Weighted average maturity 174.46
-------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
3PO $ 3.59898796 $ 0.18164808 $ 0.00000000 % 0.00000000
SUP3 $ 0.00000000 $ 0.00000000 $ 0.33210200 % 0.40762162
3A $ 19.08958413 $ 15.92609196 $ 5.29995649 % 6.49999999
3M $ 3.21242005 $ 0.00000000 $ 5.38193604 % 6.50000231
3B1 $ 3.21242215 $ 0.00000000 $ 5.38193772 % 6.50000434
3B2 $ 3.21242215 $ 0.00000000 $ 5.38193772 % 6.50000423
3B3 $ 3.21241379 $ 0.00000000 $ 5.38193966 % 6.50000664
3B4 $ 3.21242775 $ 0.00000000 $ 5.38190751 % 6.49996771
3B5 $ 3.21241333 $ 0.00000000 $ 5.38191939 % 6.49998224
3R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 24,006.24
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 111,101,483.54
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 356
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
3PO $ 290,830.41 $ 289,776.35 $ 989.42 GE98113PO
SUP3 $ 104,686,350.59 $ 102,554,040.26 $ 957.76 G9811SUP3
3A $ 110,386,837.16 $ 108,233,194.91 $ 959.36 36157RKW4
3M $ 1,149,581.13 $ 1,145,864.36 $ 990.38 36157RKX2
3B1 $ 574,293.77 $ 572,436.99 $ 990.38 36157RKY0
3B2 $ 287,146.89 $ 286,218.50 $ 990.38 36157RKZ7
3B3 $ 230,512.38 $ 229,767.10 $ 990.38 36157RLA1
3B4 $ 171,890.70 $ 171,334.95 $ 990.38 36157RLB9
3B5 $ 173,450.32 $ 172,889.53 $ 990.38 36157RLC7
3R $ 0.00 $ 0.00 $ 0.00 36157RLD5
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- ---------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ---------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ---------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ---------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ---------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
---------------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
------------------
2. Bankruptcy Loss Amount: $ 0.00
------------------
3. Fraud Loss Amount: $ 0.00
------------------
4. Certificate Interest Rate of the Class S Certificate: % 0.40762162
-----------
Exhibit 99.35
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
SEPTEMBER 1998
Home Equity Loan Pass-Through Certificates,
Series 1998-HE2
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company"),
and The First National Bank of Chicago (the "Trustee"), governing the
Certificates referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
(1) Aggregate Monthly Payments Due: $1,733,413.66
-----------
(2) Aggregate Monthly Payments received and Monthly Advances made
this Month:
(a) Principal $294,287.36
-----------
(b) Interest $1,506,940.67
-----------
(c) Total $1,801,228.03
-----------
(3) Aggregate Principal Prepayments in part received on Self-
Amortizing Mortgage Loans and applied in the applicable
Prepayment Period:
(a) Principal $41,412.51
--------
(c) Total $41,412.51
--------
(4) Aggregate Principal Prepayments in full received in the
applicable Prepayment period:
(a) Principal $1,549,717.33
-----------
(b) Interest $11,021.41
-----------
(c) Total $1,560,738.74
-----------
(5) Aggregate Insurance Proceeds (inculding purchases of Mortgage
Loans by primary mortgage insurers) for prior month:
(a) Principal $0.00
---
(b) Interest $0.00
---
(c) Total $0.00
---
(6) Aggregate Liquidation Proceeds for prior month:
(a) Principal $0.00
---
(b) Interest $0.00
---
(c) Total $0.00
---
(7) Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $0.00
---
(b) Interest $0.00
---
(c) Total $0.00
---
(8) Aggregate Purchase Prices for (and substitution adjustments) for
Defective Mortgage Loans:
(a) Principal $0.00
---
(b) Interest $0.00
---
(c) Total $0.00
---
(9) Aggregate Purchase Prices for for Document Deficiencies per Sec.
2.02
(a) Principal $0.00
---
(b) Interest $0.00
---
(c) Total $0.00
---
(10) Pool Principal Balance $191,502,458.26
-------------
(11) Available Funds: $3,318,788.36
-------------
(12) Realized Losses for prior month: $0.00
-------------
(13) Aggregate Realized Losses: $0.00
---
(a) Deficient Valuations $0.00
---
(b) Special Hazard Losses $0.00
---
(c) Fraud Losses $0.00
---
(d) Excess Bankruptcy Losses $0.00
---
(e) Excess Special Hazard Losses $0.00
---
(f ) Excess Fraud Losses $0.00
---
(14) Compensating Interest Payment: $1,236.93
--------
(15) Net Simple Interest Shortfall: ($0.00)
--------
(16) Net Simple Interest
Excess: $0.00
------
(17) Simple Interest Shortfall
Payment: ($0.00)
------
(18) Unpaid Net Simple Interest
Shortfall:
Class A1 $0.00
------
Class A2 $0.00
------
Class A3 $0.00
------
Class A4 $0.00
------
Class A5 $0.00
------
Class A6 $0.00
------
Class A7 $0.00
------
Class S $0.00
------
Class M $0.00
------
Class B1 $0.00
------
Class B2 $0.00
------
Class B3 $0.00
------
Class B4 $0.00
------
Class B5 $0.00
------
(19) Class Certificate Interest Rate:
Class M 6.660%
--
Class B1 6.905%
--
Class B2 7.495%
--
Class B3 8.982%
--
Class B4 8.982%
--
Class B5 8.982%
--
Class S 2.57%
--
(20) Accrued Certificate Interest and Pay-out Rate:
Class A1 $300,352.79 6.365%
-----------------------
Class A2 $109,381.25 6.105%
-----------------------
Class A3 $142,140.00 6.180%
-----------------------
Class A4 $70,070.83 6.275%
-----------------------
Class A5 $79,463.75 6.315%
-----------------------
Class A6 $130,009.43 6.645%
-----------------------
Class A7 $92,189.17 6.215%
-----------------------
Class S $409,347.70 2.57%
-----------------------
Class M $26,901.06 6.660%
-----------------------
Class B1 $25,102.18 6.905%
-----------------------
Class B2 $12,113.26 7.495%
-----------------------
Class B3 $14,516.26 8.982%
-----------------------
Class B4 $10,889.06 8.982%
-----------------------
Class B5 $10,894.43 8.982%
-----------------------
Total $1,433,371.16
(21) Principal distributable:
Class A1 $1,860,831.63
----------------
Class A2 $0.00
----------------
Class A3 $0.00
----------------
Class A4 $0.00
----------------
Class A5 $0.00
----------------
Class A6 $0.00
----------------
Class A7 $0.00
----------------
Class M $7,448.58
----------------
Class B1 $6,703.88
----------------
Class B2 $2,980.35
----------------
Class B3 $2,980.35
----------------
Class B4 $2,235.65
----------------
Class B5 $2,236.75
----------------
Class R1 $0.00
----------------
Class R2 $0.00
----------------
Total $1,885,417.20
(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 91.645727%
-----------
2) Senior Prepayment Percentage for such Distribution
Date 100.00%
-----------
3) Junior Percentage for such Distribution Date 8.354273%
-----------
4) Junior Prepayment Percentage for such Distribution
Date 0.00%
-----------
5) Subordinate Certfificate Writedown Amount
for such Distribution Date $0.00
-----------
6) Prepayment Distribution Triggers satisfied:
Yes No
Class B1 X
-----------------------------------
Class B2 X
-----------------------------------
Class B3 X
-----------------------------------
Class B4 X
-----------------------------------
Class B5 X
-----------------------------------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By:
- ------------------------------------------
Name: Tim Neer
Title: Vice President of Investor Operations
Exhibit 99.36
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
SEPTEMBER 1998
Home Equity Loan Pass-Through Certificates,
Series 1998-HE2
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company"),
and The First National Bank of Chicago (the "Trustee"), governing the
Certificates referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
The amounts below are for a Single Certificate of $1,000:
(1) Amount of distribution allocable to principal:
Class A1 $31.27448120
------------------------
Class A2 $0.00000000
------------------------
Class A3 $0.00000000
------------------------
Class A4 $0.00000000
------------------------
Class A5 $0.00000000
------------------------
Class A6 $0.00000000
------------------------
Class A7 $0.00000000
------------------------
Class M $1.53231525
------------------------
Class B1 $1.53231525
------------------------
Class B2 $1.53231525
------------------------
Class B3 $1.53231525
------------------------
Class B4 $1.53231525
------------------------
Class B5 $1.53231525
------------------------
Class R1 $0.00000000
------------------------
Class R2 $0.00000000
------------------------
(2) Aggregate Principal prepayments included in distribution:
Class A1 $1,591,129.84
-------------------------
Class A2 $0.00000000
-------------------------
Class A3 $0.00000000
-------------------------
Class A4 $0.00000000
-------------------------
Class A5 $0.00000000
-------------------------
Class A6 $0.00000000
-------------------------
Class A7 $0.00000000
-------------------------
Class M $0.00000000
-------------------------
Class B1 $0.00000000
-------------------------
Class B2 $0.00000000
-------------------------
Class B3 $0.00000000
-------------------------
Class B4 $0.00000000
-------------------------
Class B5 $0.00000000
-------------------------
Class R1 $0.00000000
-------------------------
Class R2 $0.00000000
-------------------------
(3) Amount of distribution allocable to interest Pay-out Rate:
Class A1 $5.04794606 6.365%
----------------------------
Class A2 $5.08750000 6.105%
----------------------------
Class A3 $5.15000000 6.180%
----------------------------
Class A4 $5.22916667 6.275%
----------------------------
Class A5 $5.26250000 6.315%
----------------------------
Class A6 $5.53750000 6.645%
----------------------------
Class A7 $5.17916667 6.215%
----------------------------
Class S $2.13755844 2.57%
----------------------------
Class M $5.53405983 6.660%
----------------------------
Class B1 $5.73764011 6.905%
----------------------------
Class B2 $6.22789466 7.495%
----------------------------
Class B3 $7.46337351 8.982%
----------------------------
Class B4 $7.46337351 8.982%
----------------------------
Class B5 $7.46337351 8.982%
----------------------------
(4) Servicing Compensation: $83,737.26
-------------------
The amounts below are for the aggregate of all Certificates:
(5) Pool Principal Balance; $191,502,458.26
-------------------
number of Mortgage
Loans: 2,719
-------------------
(6) Class Certificate Principal Balance of each Class; Certificate
Principal Balance of Single Certificate of each class:
Single
Certificate
Class Class Balance Balance
-------------------------------------------------------------
Class A1 $54,764,989.05 $920.41998395
-------------------------------------
Class A2 $21,500,000.00 $1,000.00000000
-------------------------------------
Class A3 $27,600,000.00 $1,000.00000000
-------------------------------------
Class A4 $13,400,000.00 $1,000.00000000
-------------------------------------
Class A5 $15,100,000.00 $1,000.00000000
-------------------------------------
Class A6 $23,478,000.00 $1,000.00000000
-------------------------------------
Class A7 $17,800,000.00 $1,000.00000000
-------------------------------------
Class M $4,839,590.12 $995.59558180
-------------------------------------
Class B1 $4,355,730.67 $995.59558180
-------------------------------------
Class B2 $1,936,433.41 $995.59558180
-------------------------------------
Class B3 $1,936,433.41 $995.59558180
-------------------------------------
Class B4 $1,452,573.95 $995.59558180
-------------------------------------
Class B5 $1,453,290.45 $995.59558180
-------------------------------------
Class R1 $0.00 $0.00000000
-------------------------------------
Class R2 $0.00 $0.00000000
-------------------------------------
(7) Book value of real estate acquired on behalf of Certificate-
holders; number of $0.00
--------------
related Mortgage Loans: 0
--------------
(8) Aggregate Scheduled Principal Balance and number of delinquent
Mortgage Loans:
One Payment Delinquent $1,094,238.40
--------------
4
--------------
Two Payments Delinquent $314,283.01
--------------
4
--------------
Three or more Payments Delinquent $0.00
--------------
0
--------------
TOTAL $1,408,521.41
--------------
8
--------------
In foreclosure $0.00
--------------
0
----------------
(9) Aggregate Scheduled Principal Balance and number of replaced
Mortgage Loans: $0.00
---------------------
0
---------------------
(10) Unpaid Net Simple Interest Shortfall:
Class A1 $0.00
------------
Class A2 $0.00
------------
Class A3 $0.00
------------
Class A4 $0.00
------------
Class A5 $0.00
------------
Class A6 $0.00
------------
Class A7 $0.00
------------
Class S $0.00
------------
Class M $0.00
------------
Class B1 $0.00
------------
Class B2 $0.00
------------
Class B3 $0.00
------------
Class B4 $0.00
------------
Class B5 $0.00
------------
(11) Class Certificate Interest Rate of:
Class M 6.660%
------------
Class B1 6.905%
------------
Class B2 7.495%
------------
Class B3 8.982%
------------
Class B4 8.982%
------------
Class B5 8.982%
------------
Class S 2.57%
------------
(12) Senior Percentage for such Distribution Date 91.645727%
------------
(13) Senior Prepayment Percentage
for such Distribution Date 100.00%
------------
(14) Junior Percentage for such
Distribution Date 8.354273%
------------
(15) Junior Prepayment Percentage
for such Distribution Date 0.00%
------------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By:
--------------------------------------
Name: Tim Neer
Title: Vice President,
Investor Operations
Exhibit 99.37
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
September, 1998
Series 1998-12A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 311,287.60
------------------
(b) Interest $ 2,427,334.17
------------------
(c) Total $ 2,738,621.77
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 262,114.59
------------------
(b) Interest $ 2,071,505.95
------------------
(c) Total $ 2,333,620.54
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 49,173.01
------------------
(b) Interest $ 355,828.22
------------------
(c) Total $ 405,001.23
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 45,390.83
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 2,986,870.52
------------------
(b) Interest $ 18,405.58
------------------
(c) Total $ 3,005,276.10
------------------
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: $ 394,665,008.23
-----------------
13. Available Funds: $ 5,577,518.25
-----------------
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: $ 2,931.12
------------------
18. Total interest payments: $ 2,233,969.30
------------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
PO1 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A1 $ 288,654.17 $ 0.00 $ 288,654.17 % 6.500000075
1A2 $ 218,278.50 $ 0.00 $ 218,278.50 % 6.600000000
1A3 $ 242,852.67 $ 0.00 $ 242,852.67 % 6.700000092
1A4 $ 186,862.50 $ 0.00 $ 186,862.50 % 6.750000000
1A5 $ 78,603.75 $ 0.00 $ 78,603.75 % 6.750000000
1A6 $ 17,875.29 $ 0.00 $ 17,875.29 % 6.749999370
1A7 $ 522,637.32 $ 0.00 $ 522,637.32 % 6.750000030
1A8 $ 194,853.16 $ 0.00 $ 194,853.16 % 6.187499964
1A9 $ 72,823.90 $ 0.00 $ 72,823.90 % 8.919641791
1A10 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A11 $ 147,438.42 $ 0.00 $ 147,438.42 % 6.512500095
1A12 $ 56,315.25 $ 0.00 $ 56,315.25 % 7.462500027
1A13 $ 113,183.64 $ 0.00 $ 113,183.64 % 6.750000067
1A14 $ 3,506.61 $ 0.00 $ 0.00 % 6.750003284
1R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1RL $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1M $ 41,660.09 $ 0.00 $ 41,660.09 % 6.749999510
1B1 $ 18,016.92 $ 0.00 $ 18,016.92 % 6.749999136
1B2 $ 10,133.99 $ 0.00 $ 10,133.99 % 6.749998772
1B3 $ 9,009.87 $ 0.00 $ 9,009.87 % 6.750002767
1B4 $ 4,502.12 $ 0.00 $ 4,502.12 % 6.749995774
1B5 $ 6,760.89 $ 0.00 $ 6,760.89 % 6.749999270
20. Principal Distribution Amount: $ 3,343,548.95
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class PO1 $ 2,121.21 $ 0.00
Class 1A1 $ 0.00 $ 0.00
Class 1A2 $ 0.00 $ 0.00
Class 1A3 $ 0.00 $ 0.00
Class 1A4 $ 0.00 $ 0.00
Class 1A5 $ 0.00 $ 0.00
Class 1A6 $ 0.00 $ 0.00
Class 1A7 $ 441,791.43 $ 0.00
Class 1A8 $ 637,056.46 $ 0.00
Class 1A9 $ 165,162.79 $ 0.00
Class 1A10 $ 0.00 $ 0.00
Class 1A11 $ 1,489,691.46 $ 0.00
Class 1A12 $ 496,563.82 $ 0.00
Class 1A13 $ 95,675.46 $ 0.00
Class 1A14 $ 6,470.78 $ 3,506.61
Class SUP1 $ 0.00 $ 0.00
Class 1R $ 0.00 $ 0.00
Class 1RL $ 0.00 $ 0.00
Class 1M $ 5,790.98 $ 0.00
Class 1B1 $ 2,504.45 $ 0.00
Class 1B2 $ 1,408.68 $ 0.00
Class 1B3 $ 1,252.42 $ 0.00
Class 1B4 $ 625.82 $ 0.00
Class 1B5 $ 939.80 $ 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
----------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class 1A8 % 6.18749996
Class 1A9 % 8.91964179
Class 1A11 % 6.51250009
Class 1A12 % 7.46250003
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: $ 79,713.38
------------
3. Supplemental Servicing Fee amount: $ 129,071.84
------------
4. Credit Losses for prior month: $ 0.00
------------
Category Category Category
A B C
5. Senior Percentage: % 95.967541 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: % 4.032459
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Tim Neer
Vice President,
Investor Operations
Exhibit 99.38
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
September, 1998
Series 1998-12A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.376621
----------------------
Weighted average maturity 355.21
----------------------
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
----- ----------- ----------- ----------- -----------
PO1 $ 2.46817484 $ 1.59120429 $ 0.00000000 % 0.00000000
1A1 $ 0.00000000 $ 0.00000000 $ 5.41666673 % 6.50000008
1A2 $ 0.00000000 $ 0.00000000 $ 5.50000000 % 6.60000000
1A3 $ 0.00000000 $ 0.00000000 $ 5.58333341 % 6.70000009
1A4 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1A5 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1A6 $ 0.00000000 $ 0.00000000 $ 5.62500059 % 6.74999937
1A7 $ 4.73664301 $ 4.31260713 $ 5.60342786 % 6.75000003
1A8 $ 16.67590199 $ 15.18303452 $ 5.10057178 % 6.18749996
1A9 $ 16.67590241 $ 15.18303452 $ 7.35277146 % 8.91964179
1A10 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
1A11 $ 52.56173172 $ 47.85627705 $ 5.20216359 % 6.51250009
1A12 $ 52.56173172 $ 47.85627669 $ 5.96102040 % 7.46250003
1A13 $ 4.73664340 $ 4.31260755 $ 5.60342789 % 6.75000007
1A14 $ 4.73663185 $ 9.41439476 $ 5.60343051 % 6.75000328
1R $ 0.00000000 $ 0.00000000 $ 4.80000000 % 0.00000000
1RL $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
1M $ 0.78129790 $ 0.00000000 $ 5.62062736 % 6.74999951
1B1 $ 0.78129777 $ 0.00000000 $ 5.62062705 % 6.74999914
1B2 $ 0.78129784 $ 0.00000000 $ 5.62062673 % 6.74999877
1B3 $ 0.78129757 $ 0.00000000 $ 5.62063007 % 6.75000277
1B4 $ 0.78129838 $ 0.00000000 $ 5.62062422 % 6.74999577
1B5 $ 0.78129735 $ 0.00000000 $ 5.62062718 % 6.74999927
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
1A14 $ 3,506.61
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 79,713.38
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 394,665,008.23
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,246
-----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
PO1 $ 858,501.28 $ 856,380.07 $ 996.46
1A1 $ 53,290,000.00 $ 53,290,000.00 $ 1,000.00 36157RLN3
1A2 $ 39,687,000.00 $ 39,687,000.00 $ 1,000.00 36157RLP8
1A3 $ 43,496,000.00 $ 43,496,000.00 $ 1,000.00 36157RLQ6
1A4 $ 33,220,000.00 $ 33,220,000.00 $ 1,000.00 36157RLR4
1A5 $ 13,974,000.00 $ 13,974,000.00 $ 1,000.00 36157RLS2
1A6 $ 3,177,829.63 $ 3,177,829.63 $ 1,000.00 36157RLT0
1A7 $ 92,913,300.92 $ 92,471,509.49 $ 991.43 36157RLU7
1A8 $ 37,789,703.98 $ 37,152,647.52 $ 972.53 36157RLV5
1A9 $ 9,797,330.66 $ 9,632,167.88 $ 972.53 36157RLW3
1A10 $ 0.00 $ 0.00 $ 0.00 36157RLX1
1A11 $ 27,167,155.69 $ 25,677,464.23 $ 905.99 36157RLY9
1A12 $ 9,055,718.56 $ 8,559,154.74 $ 905.99 36157RLZ6
1A13 $ 20,121,535.80 $ 20,025,860.34 $ 991.43 36157RMA0
1A14 $ 623,397.03 $ 620,432.86 $ 991.43 36157RMB8
SUP1 $ 358,280,694.19 $ 355,214,167.43 $ 984.27
1R $ 0.00 $ 0.00 $ 0.00 36157RMF9
1RL $ 0.00 $ 0.00 $ 0.00 36157RMG7
1M $ 7,406,238.76 $ 7,400,447.78 $ 998.44 36157RMC6
1B1 $ 3,203,008.41 $ 3,200,503.96 $ 998.44 36157RMD4
1B2 $ 1,801,598.55 $ 1,800,189.87 $ 998.44 36157RME2
1B3 $ 1,601,754.01 $ 1,600,501.59 $ 998.44 36157RNY7
1B4 $ 800,377.39 $ 799,751.57 $ 998.44 36157RNZ4
1B5 $ 1,201,936.13 $ 1,200,996.32 $ 998.44 36157RPA7
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- ------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
------------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
1A8 % 6.18749996
1A9 % 8.91964179
1A11 % 6.51250009
1A12 % 7.46250003
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 99.39
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
September, 1998
Series 1998-12B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 149,805.23
------------------
(b) Interest $ 1,205,840.83
------------------
(c) Total $ 1,355,646.06
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 140,285.23
------------------
(b) Interest $ 1,128,866.42
------------------
(c) Total $ 1,269,151.65
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 9,520.00
------------------
(b) Interest $ 76,974.41
------------------
(c) Total $ 86,494.41
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 56,905.64
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 763,543.10
------------------
(b) Interest $ 4,573.40
------------------
(c) Total $ 768,116.50
------------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
------------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
12. Pool Scheduled Principal Balance: $ 194,062,374.62
-----------------
13. Available Funds: $ 2,066,671.47
-----------------
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: $ 278.74
------------------
18. Total interest payments: $ 1,096,417.52
------------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
PO2 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2A1 $ 235,400.00 $ 0.00 $ 235,400.00 % 6.600000000
2A2 $ 127,997.92 $ 0.00 $ 127,997.92 % 6.550000171
2A3 $ 9,258.33 $ 0.00 $ 9,258.33 % 6.749997553
2A4 $ 357,966.88 $ 0.00 $ 357,966.88 % 6.187499945
2A5 $ 104,858.75 $ 0.00 $ 104,858.75 % 9.411036512
2A6 $ 28,926.62 $ 0.00 $ 28,926.62 % 7.500000826
2A7 $ 2,639.74 $ 0.00 $ 0.00 % 6.750010372
2A8 $ 5,475.63 $ 0.00 $ 0.00 % 6.750002311
2A9 $ 178,875.00 $ 0.00 $ 178,875.00 % 6.750000000
2R $ 0.56 $ 0.00 $ 0.56 % 6.720000000
2RL $ 0.56 $ 0.00 $ 0.56 % 6.720000000
2M $ 20,813.86 $ 0.00 $ 20,813.86 % 6.749999139
2B1 $ 8,442.46 $ 0.00 $ 8,442.46 % 6.750001654
2B2 $ 4,502.27 $ 0.00 $ 4,502.27 % 6.750000722
2B3 $ 4,502.27 $ 0.00 $ 4,502.27 % 6.750000722
2B4 $ 2,253.95 $ 0.00 $ 2,253.95 % 6.750014525
2B5 $ 4,502.72 $ 0.00 $ 4,502.72 % 6.749994903
20. Principal Distribution Amount: $ 970,253.95
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class PO2 $ 105.31 $ 0.00
Class 2A1 $ 0.00 $ 0.00
Class 2A2 $ 0.00 $ 0.00
Class 2A3 $ 0.00 $ 0.00
Class 2A4 $ 397,210.70 $ 0.00
Class 2A5 $ 76,499.84 $ 0.00
Class 2A6 $ 26,480.71 $ 0.00
Class 2A7 $ 471,926.13 $ 2,639.74
Class 2A8 $ 0.00 $ 5,475.63
Class 2A9 $ 0.00 $ 0.00
Class SUP2 $ 0.00 $ 0.00
Class 2R $ 0.00 $ 0.00
Class 2RL $ 0.00 $ 0.00
Class 2M $ 2,841.90 $ 0.00
Class 2B1 $ 1,152.72 $ 0.00
Class 2B2 $ 614.73 $ 0.00
Class 2B3 $ 614.73 $ 0.00
Class 2B4 $ 307.75 $ 0.00
Class 2B5 $ 614.80 $ 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
2B1 $ 0.00 $ 0.00
2B2 $ 0.00 $ 0.00
2B3 $ 0.00 $ 0.00
2B4 $ 0.00 $ 0.00
2B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
------------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class 2A4 % 6.18749995
Class 2A5 % 9.41103651
Class 2A6 % 7.50000083
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: $ 339,274.91
-------------
3. Supplemental Servicing Fee amount: $ 73,540.51
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category Category Category
A B C
5. Senior Percentage: % 95.894126 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: % 4.105874
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Tim Neer
Vice President,
Investor Operations
Exhibit 99.40
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
September, 1998
Series 1998-12B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.450509
-------------------------
Weighted average maturity 355.78
-------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
PO2 $ 0.92349650 $ 0.03244646 $ 0.00000000 % 0.00000000
2A1 $ 0.00000000 $ 0.00000000 $ 5.50000000 % 6.60000000
2A2 $ 0.00000000 $ 0.00000000 $ 5.45833348 % 6.55000017
2A3 $ 0.00000000 $ 0.00000000 $ 5.62499772 % 6.74999755
2A4 $ 5.70213465 $ 4.85298579 $ 5.13877232 % 6.18749995
2A5 $ 5.70213476 $ 4.85298599 $ 7.81594738 % 9.41103651
2A6 $ 5.70213394 $ 4.85298665 $ 6.22881568 % 7.50000083
2A7 $ 87.53709942 $ 74.92034508 $ 0.49239694 % 6.75001037
2A8 $ 0.00000000 $ 0.00000000 $ 5.65664256 % 6.75000231
2A9 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
2R $ 0.00000000 $ 0.00000000 $ 5.60000000 % 6.72000000
2RL $ 0.00000000 $ 0.00000000 $ 5.60000000 % 6.72000000
2M $ 0.76745882 $ 0.00000000 $ 5.62081015 % 6.74999914
2B1 $ 0.76745672 $ 0.00000000 $ 5.62081225 % 6.75000165
2B2 $ 0.76745318 $ 0.00000000 $ 5.62081149 % 6.75000072
2B3 $ 0.76745318 $ 0.00000000 $ 5.62081149 % 6.75000072
2B4 $ 0.76745636 $ 0.00000000 $ 5.62082294 % 6.75001452
2B5 $ 0.76746321 $ 0.00000000 $ 5.62080664 % 6.74999490
2. Unanticipated Recoveries: $ 0.00
--------------
B. Accrual Amount
1.
Accrual Amount
Class
2A7 $ 2,639.74
2A8 $ 5,475.63
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 339,274.91
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 194,062,374.62
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 607
--------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
PO2 $ 113,916.91 $ 113,811.60 $ 998.05
2A1 $ 42,800,000.00 $ 42,800,000.00 $ 1,000.00 36157RMH5
2A2 $ 23,450,000.00 $ 23,450,000.00 $ 1,000.00 36157RMJ1
2A3 $ 1,645,925.93 $ 1,645,925.93 $ 1,000.00 36157RMK8
2A4 $ 69,423,880.37 $ 69,026,669.67 $ 990.91 36157RML6
2A5 $ 13,370,525.11 $ 13,294,025.27 $ 990.91 36157RMM4
2A6 $ 4,628,258.69 $ 4,601,777.98 $ 990.91 36157RMN2
2A7 $ 469,286.39 $ 0.00 $ 0.00 36157RMP7
2A8 $ 973,445.00 $ 978,920.63 $ 1,011.28 36157RMQ5
2A9 $ 31,800,000.00 $ 31,800,000.00 $ 1,000.00 36157RMR3
SUP2 $ 189,697,180.34 $ 188,732,018.25 $ 968.45
2R $ 100.00 $ 100.00 $ 1,000.00 36157RMV4
2RL $ 100.00 $ 100.00 $ 1,000.00 36157RMW2
2M $ 3,700,242.25 $ 3,697,400.35 $ 998.49 36157RMS1
2B1 $ 1,500,881.41 $ 1,499,728.69 $ 998.49 36157RMT9
2B2 $ 800,403.47 $ 799,788.73 $ 998.49 36157RMU6
2B3 $ 800,403.47 $ 799,788.73 $ 998.49 36157RPB5
2B4 $ 400,701.36 $ 400,393.61 $ 998.49 36157RPC3
2B5 $ 800,484.16 $ 799,869.36 $ 998.49 36157RPD1
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- ----------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ----------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ----------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ----------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ----------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
----------------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
2A4 % 6.18749995
2A5 % 9.41103651
2A6 % 7.50000083
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 99.41
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
September, 1998
Series 1998-12C, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 564,966.17
------------------
(b) Interest $ 1,009,627.71
------------------
(c) Total $ 1,574,593.88
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 281,619.20
------------------
(b) Interest $ 512,799.85
------------------
(c) Total $ 794,419.05
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 283,346.97
------------------
(b) Interest $ 496,827.86
------------------
(c) Total $ 780,174.83
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 60,288.36
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 1,200,166.56
------------------
(b) Interest $ 6,906.99
------------------
(c) Total $ 1,207,073.55
------------------
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 $ 606,630.90
------------------
(b) Interest $ 3,395.36
------------------
(c) Total $ 610,026.26
------------------
12. Pool Scheduled Principal Balance: $ 171,517,867.65
-----------------
13. Available Funds: $ 3,370,786.47
-----------------
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: $ 323.83
-----------------
18. Total interest payments: $ 938,734.46
-----------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------- ------------
PO3 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
3A1 $ 201,195.67 $ 0.00 $ 201,195.67 % 6.499999953
3A2 $ 12,458.33 $ 0.00 $ 12,458.33 % 6.499998261
3A3 $ 53,991.96 $ 0.00 $ 53,991.96 % 6.500000542
3A4 $ 652,083.08 $ 0.00 $ 652,083.08 % 6.499999958
SUP3 $ 44,722.83 $ 0.00 $ 44,722.83 % 0.353202664
3R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
3M $ 7,127.03 $ 0.00 $ 7,127.03 % 6.500000072
3B1 $ 2,375.67 $ 0.00 $ 2,375.67 % 6.499991712
3B2 $ 2,375.67 $ 0.00 $ 2,375.67 % 6.499991712
3B3 $ 4,276.22 $ 0.00 $ 4,276.22 % 6.500004775
3B4 $ 1,425.40 $ 0.00 $ 1,425.40 % 6.499982444
3B5 $ 1,425.43 $ 0.00 $ 1,425.43 % 6.500014763
20. Principal Distribution Amount: $ 2,432,052.01
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class PO3 $ 2,389.64 $ 0.00
Class 3A1 $ 671,361.17 $ 0.00
Class 3A2 $ 0.00 $ 0.00
Class 3A3 $ 32,367.69 $ 0.00
Class 3A4 $ 1,714,539.94 $ 0.00
Class SUP3 $ 0.00 $ 0.00
Class 3R $ 0.00 $ 0.00
Class 3M $ 4,272.59 $ 0.00
Class 3B1 $ 1,424.19 $ 0.00
Class 3B2 $ 1,424.19 $ 0.00
Class 3B3 $ 2,563.55 $ 0.00
Class 3B4 $ 854.52 $ 0.00
Class 3B5 $ 854.53 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
---------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
---------------
24. Subordinate Certificate Writedown Amount: $ 0.00
---------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
3B1 $ 0.00 $ 0.00
3B2 $ 0.00 $ 0.00
3B3 $ 0.00 $ 0.00
3B4 $ 0.00 $ 0.00
3B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
-----------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied: Yes No
--- --
Class-3B1 X
Class-3B2 X
Class-3B3 X
Class-3B4 X
Class-3B5 X
2. Base Servicing Fee amount: $ 36,066.16
------------
3. Supplemental Servicing Fee amount: $ 44,722.83
------------
4. Credit Losses for prior month: $ 0.00
------------
Category Category Category
A B C
5. Senior Percentage: % 97.975421 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: % 2.024579
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Tim Neer
Vice President,
Investor Operations
Exhibit 99.42
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
September, 1998
Series 1998-12C, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.04093
-------------------------
Weighted average maturity 174.96
-------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
PO3 $ 3.59836769 $ 0.28056438 $ 0.00000000 % 0.00000000
3A1 $ 17.80798859 $ 13.74773820 $ 5.33675517 % 6.49999995
3A2 $ 0.00000000 $ 0.00000000 $ 5.41666522 % 6.49999826
3A3 $ 3.23676900 $ 2.49878000 $ 5.39919600 % 6.50000054
3A4 $ 14.07458885 $ 10.86555950 $ 5.35292357 % 6.49999996
SUP3 $ 0.00000000 $ 0.00000000 $ 0.29101194 % 0.35320266
3R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
3M $ 3.23676892 $ 0.00000000 $ 5.39919562 % 6.50000007
3B1 $ 3.23675867 $ 0.00000000 $ 5.39918865 % 6.49999171
3B2 $ 3.23675867 $ 0.00000000 $ 5.39918865 % 6.49999171
3B3 $ 3.23676469 $ 0.00000000 $ 5.39919951 % 6.50000478
3B4 $ 3.23678140 $ 0.00000000 $ 5.39918107 % 6.49998244
3B5 $ 3.23676717 $ 0.00000000 $ 5.39920779 % 6.50001476
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 36,066.16
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 171,517,867.65
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 527
-----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
PO3 $ 645,094.83 $ 642,705.19 $ 967.80
3A1 $ 37,143,816.27 $ 36,472,455.10 $ 967.44 36157RMX0
3A2 $ 2,300,000.00 $ 2,300,000.00 $ 1,000.00 36157RMY8
3A3 $ 9,967,745.63 $ 9,935,377.94 $ 993.54 36157RMZ5
3A4 $ 120,384,569.40 $ 118,670,029.46 $ 974.16 36157RNA9
SUP3 $ 151,945,048.66 $ 149,591,898.43 $ 973.40
3R $ 0.00 $ 0.00 $ 0.00 36157RNE1
3M $ 1,315,759.37 $ 1,311,486.78 $ 993.54 36157RNB7
3B1 $ 438,585.79 $ 437,161.60 $ 993.54 36157RNC5
3B2 $ 438,585.79 $ 437,161.60 $ 993.54 36157RND3
3B3 $ 789,455.42 $ 786,891.87 $ 993.54 36157RPE9
3B4 $ 263,151.48 $ 262,296.96 $ 993.54 36157RPF6
3B5 $ 263,155.71 $ 262,301.18 $ 993.54 36157RPG4
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- ----------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ----------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ----------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ----------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ----------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
----------------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-------------------
2. Bankruptcy Loss Amount: $ 0.00
-------------------
3. Fraud Loss Amount: $ 0.00
-------------------
4. Certificate Interest Rate of the Class S Certificate: % 0.35320266
-----------
Exhibit 99.43
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
September, 1998
Series 1998-12D, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 154,755.66
------------------
(b) Interest $ 1,220,805.10
------------------
(c) Total $ 1,375,560.76
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 139,465.99
------------------
(b) Interest $ 1,106,125.07
------------------
(c) Total $ 1,245,591.06
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 15,289.67
------------------
(b) Interest $ 114,680.03
------------------
(c) Total $ 129,969.70
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 34,156.79
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 663,051.24
------------------
(b) Interest $ 4,120.51
------------------
(c) Total $ 667,171.75
------------------
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: $ 198,653,447.46
-----------------
13. Available Funds: $ 1,972,331.66
-----------------
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: $ 215.10
-----------------
18. Total interest payments: $ 1,120,367.98
-----------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------- ------------
PO4 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
4A1 $ 398,161.48 $ 0.00 $ 398,161.48 % 6.749999930
4A2 $ 62,365.75 $ 0.00 $ 62,365.75 % 6.712499613
4A3 $ 21,253.13 $ 0.00 $ 21,253.13 % 6.862498739
4A4 $ 113,287.50 $ 0.00 $ 113,287.50 % 6.750000000
4A5 $ 250,763.57 $ 0.00 $ 250,763.57 % 6.750000099
4A6 $ 107,624.17 $ 0.00 $ 107,624.17 % 6.749999907
4A7 $ 18,229.17 $ 0.00 $ 18,229.17 % 7.000001280
4A8 $ 16,927.08 $ 0.00 $ 16,927.08 % 6.499998720
4A9 $ 18,562.50 $ 0.00 $ 18,562.50 % 6.750000000
4A10 $ 18,083.33 $ 0.00 $ 18,083.33 % 6.999998710
4A11 $ 16,791.67 $ 0.00 $ 16,791.67 % 6.500001290
4A12 $ 21,093.75 $ 0.00 $ 21,093.75 % 6.750000000
4A13 $ 11,952.56 $ 0.00 $ 11,952.56 % 6.749998588
SUP4 $ 63,233.73 $ 0.00 $ 63,233.73 % 0.415433082
4R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
4M $ 20,938.45 $ 0.00 $ 20,938.45 % 6.750001489
4B1 $ 9,054.46 $ 0.00 $ 9,054.46 % 6.750000368
4B2 $ 5,093.13 $ 0.00 $ 5,093.13 % 6.749996297
4B3 $ 4,527.23 $ 0.00 $ 4,527.23 % 6.750000326
4B4 $ 2,263.61 $ 0.00 $ 2,263.61 % 6.749993887
4B5 $ 3,395.44 $ 0.00 $ 3,395.44 % 6.749992483
20. Principal Distribution Amount: $ 851,963.68
---------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class PO4 $ 322.24 $ 0.00
Class 4A1 $ 440,774.58 $ 0.00
Class 4A2 $ 0.00 $ 0.00
Class 4A3 $ 0.00 $ 0.00
Class 4A4 $ 0.00 $ 0.00
Class 4A5 $ 237,223.70 $ 0.00
Class 4A6 $ 167,401.35 $ 0.00
Class 4A7 $ 0.00 $ 0.00
Class 4A8 $ 0.00 $ 0.00
Class 4A9 $ 0.00 $ 0.00
Class 4A10 $ 0.00 $ 0.00
Class 4A11 $ 0.00 $ 0.00
Class 4A12 $ 0.00 $ 0.00
Class 4A13 $ 0.00 $ 0.00
Class SUP4 $ 0.00 $ 0.00
Class 4R $ 0.00 $ 0.00
Class 4M $ 2,886.84 $ 0.00
Class 4B1 $ 1,248.36 $ 0.00
Class 4B2 $ 702.20 $ 0.00
Class 4B3 $ 624.18 $ 0.00
Class 4B4 $ 312.09 $ 0.00
Class 4B5 $ 468.14 $ 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
4B1 $ 0.00 $ 0.00
4B2 $ 0.00 $ 0.00
4B3 $ 0.00 $ 0.00
4B4 $ 0.00 $ 0.00
4B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
---------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class 4A2 % 6.71249961
Class 4A3 % 6.86249874
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied: Yes No
--- --
Class-4B1 X
Class-4B2 X
Class-4B3 X
Class-4B4 X
Class-4B5 X
2. Base Servicing Fee amount: $ 37,866.78
---------------
3. Supplemental Servicing Fee amount: $ 63,233.73
---------------
4. Credit Losses for prior month: $ 0.00
---------------
Category Category Category
A B C
5. Senior Percentage: % 95.959156 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: % 4.040844
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Tim Neer
Vice President,
Investor Operations
Exhibit 99.44
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
September, 1998
Series 1998-12D, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.369855
-------------------------
Weighted average maturity 356.46
-------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
PO4 $ 0.97888163 $ 0.10550074 $ 0.00000000 %0.00000000
4A1 $ 6.14319972 $ 5.06609505 $ 5.54928892 %6.74999993
4A2 $ 0.00000000 $ 0.00000000 $ 5.59374968 %6.71249961
4A3 $ 0.00000000 $ 0.00000000 $ 5.71874895 %6.86249874
4A4 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
4A5 $ 5.25994900 $ 4.33770710 $ 5.56016785 %6.75000010
4A6 $ 8.58468462 $ 7.07950718 $ 5.51918821 %6.74999991
4A7 $ 0.00000000 $ 0.00000000 $ 5.83333440 %7.00000128
4A8 $ 0.00000000 $ 0.00000000 $ 5.41666560 %6.49999872
4A9 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
4A10 $ 0.00000000 $ 0.00000000 $ 5.83333226 %6.99999871
4A11 $ 0.00000000 $ 0.00000000 $ 5.41666774 %6.50000129
4A12 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
4A13 $ 0.00000000 $ 0.00000000 $ 5.62499882 %6.74999859
SUP4 $ 0.00000000 $ 0.00000000 $ 0.34273621 %0.41543308
4R $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
4M $ 0.77494067 $ 0.00000000 $ 5.62069826 %6.75000149
4B1 $ 0.77493895 $ 0.00000000 $ 5.62069732 %6.75000037
4B2 $ 0.77493630 $ 0.00000000 $ 5.62069396 %6.74999630
4B3 $ 0.77493895 $ 0.00000000 $ 5.62069732 %6.75000033
4B4 $ 0.77493991 $ 0.00000000 $ 5.62069188 %6.74999389
4B5 $ 0.77494232 $ 0.00000000 $ 5.62069074 %6.74999248
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 37,866.78
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 198,653,447.46
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 636
----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
PO4 $ 328,878.31 $ 328,556.07 $ 998.07
4A1 $ 70,784,263.85 $ 70,343,489.27 $ 980.40 36157RNF8
4A2 $ 11,149,185.00 $ 11,149,185.00 $ 1,000.00 36157RNG6
4A3 $ 3,716,395.00 $ 3,716,395.00 $ 1,000.00 36157RNH4
4A4 $ 20,140,000.00 $ 20,140,000.00 $ 1,000.00 36157RNJ0
4A5 $ 44,580,189.57 $ 44,342,965.87 $ 983.21 36157RNK7
4A6 $ 19,133,186.04 $ 18,965,784.69 $ 972.60 36157RNL5
4A7 $ 3,125,000.00 $ 3,125,000.00 $ 1,000.00 36157RNM3
4A8 $ 3,125,000.00 $ 3,125,000.00 $ 1,000.00 36157RNN1
4A9 $ 3,300,000.00 $ 3,300,000.00 $ 1,000.00 36157RNP6
4A10 $ 3,100,000.00 $ 3,100,000.00 $ 1,000.00 36157RNQ4
4A11 $ 3,100,000.00 $ 3,100,000.00 $ 1,000.00 36157RNR2
4A12 $ 3,750,000.00 $ 3,750,000.00 $ 1,000.00 36157RNS0
4A13 $ 2,124,900.00 $ 2,124,900.00 $ 1,000.00 36157RNT8
SUP4 $ 182,653,907.96 $ 181,817,959.77 $ 985.48
4R $ 0.00 $ 0.00 $ 0.00 36157RNX9
4M $ 3,722,390.29 $ 3,719,503.45 $ 998.46 36157RNU5
4B1 $ 1,609,681.69 $ 1,608,433.33 $ 998.46 36157RNV3
4B2 $ 905,445.83 $ 904,743.62 $ 998.46 36157RNW1
4B3 $ 804,840.85 $ 804,216.67 $ 998.46 36157RPH2
4B4 $ 402,419.92 $ 402,107.83 $ 998.46 36157RPJ8
4B5 $ 603,634.45 $ 603,166.31 $ 998.46 36157RPK5
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- ---------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ---------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ---------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ---------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ---------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
---------------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
4A2 % 6.71249961
4A3 % 6.86249874
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: % 0.41543308
-----------
Exhibit 99.45
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
September, 1998
Series 1998-13, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of August 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 $ 700,739.08
------------------
(b) Interest $ 5,487,005.27
------------------
(c) Total $ 6,187,744.35
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 613,849.45
------------------
(b) Interest $ 4,796,539.21
------------------
(c) Total $ 5,410,388.66
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 86,889.63
------------------
(b) Interest $ 690,466.06
------------------
(c) Total $ 777,355.69
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 395,429.05
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 5,183,509.15
------------------
(b) Interest $ 24,406.48
------------------
(c) Total $ 5,207,915.63
------------------
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: $ 895,333,592.37
-----------------
13. Available Funds: $ 11,344,285.86
-----------------
14. Realized Losses for prior month: $ 0.00
-----------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
--------------
17. Compensating Interest Payment: $ 6,866.35
--------------
18. Total interest payments: $ 5,064,608.58
--------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.56 $ 0.00 $ 0.56 %7.080000000
PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
A1 $ 286,920.00 $ 0.00 $ 286,920.00 %6.750000000
A2 $ 166,230.00 $ 0.00 $ 166,230.00 %6.750000000
A3 $ 618,750.00 $ 0.00 $ 618,750.00 %6.750000000
A4 $ 562,500.00 $ 0.00 $ 562,500.00 %6.750000000
A5 $ 123,193.13 $ 0.00 $ 123,193.13 %6.750000274
A6 $ 213,526.04 $ 0.00 $ 213,526.04 %6.249999951
A7 $ 104,166.67 $ 0.00 $ 104,166.67 %6.250000200
A8 $ 156,250.00 $ 0.00 $ 156,250.00 %6.250000000
A9 $ 169,870.95 $ 0.00 $ 169,870.95 %6.249999885
A10 $ 175,301.26 $ 0.00 $ 175,301.26 %5.956250078
A11 $ 74,866.33 $ 0.00 $ 74,866.33 %2.543750021
A12 $ 327,837.92 $ 0.00 $ 327,837.92 %6.056250014
A13 $ 132,285.47 $ 0.00 $ 132,285.47 %9.425892272
A14 $ 325,811.25 $ 0.00 $ 325,811.25 %6.750000000
A15 $ 387,869.35 $ 0.00 $ 387,869.35 %6.156249923
A16 $ 86,732.97 $ 0.00 $ 86,732.97 %9.040177538
A17 $ 34,934.92 $ 0.00 $ 34,934.92 %8.890103211
A18 $ 25,998.08 $ 0.00 $ 25,998.08 %9.249999704
A19 $ 107,628.75 $ 0.00 $ 0.00 %6.750000000
A20 $ 197,145.63 $ 0.00 $ 197,145.63 %6.456250036
A21 $ 77,675.00 $ 0.00 $ 77,675.00 %7.631250384
A22 $ 148,380.06 $ 0.00 $ 148,380.06 %6.406250128
A23 $ 48,494.95 $ 0.00 $ 48,494.95 %8.075894110
A24 $ 215,971.88 $ 0.00 $ 215,971.88 %6.750000156
A25 $ 67,003.77 $ 0.00 $ 67,003.77 %6.456250045
A26 $ 26,399.36 $ 0.00 $ 26,399.36 %7.631251310
RL $ 0.56 $ 0.00 $ 0.56 %6.720000000
M $ 93,825.00 $ 0.00 $ 93,825.00 %6.750000000
B1 $ 40,573.13 $ 0.00 $ 40,573.13 %6.750000832
B2 $ 22,820.63 $ 0.00 $ 22,820.63 %6.749998521
B3 $ 20,286.56 $ 0.00 $ 20,286.56 %6.749999168
B4 $ 10,141.88 $ 0.00 $ 10,141.88 %6.750003328
B5 $ 15,216.50 $ 0.00 $ 15,216.50 %6.749999839
20. Principal Distribution Amount: $ 6,279,677.28
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 100.00 $ 0.00
Class PO $ 1,218.96 $ 0.00
Class A1 $ 525,330.34 $ 0.00
Class A2 $ 443,299.94 $ 0.00
Class A3 $ 947,719.16 $ 0.00
Class A4 $ 775,698.52 $ 0.00
Class A5 $ 0.00 $ 0.00
Class A6 $ 0.00 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A8 $ 0.00 $ 0.00
Class A9 $ 0.00 $ 0.00
Class A10 $ 0.00 $ 0.00
Class A11 $ 0.00 $ 0.00
Class A12 $ 229,932.29 $ 0.00
Class A13 $ 59,612.08 $ 0.00
Class A14 $ 293,537.85 $ 0.00
Class A15 $ 197,327.46 $ 0.00
Class A16 $ 50,891.39 $ 0.00
Class A17 $ 156.00 $ 0.00
Class A18 $ 111.58 $ 0.00
Class A19 $ 2,834,245.84 $ 107,628.75
Class A20 $ 0.00 $ 0.00
Class A21 $ 0.00 $ 0.00
Class A22 $ 0.00 $ 0.00
Class A23 $ 0.00 $ 0.00
Class A24 $ 0.00 $ 0.00
Class A25 $ 0.00 $ 0.00
Class A26 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class RL $ 100.00 $ 0.00
Class M $ 12,961.46 $ 0.00
Class B1 $ 5,604.98 $ 0.00
Class B2 $ 3,152.56 $ 0.00
Class B3 $ 2,802.49 $ 0.00
Class B4 $ 1,401.05 $ 0.00
Class B5 $ 2,102.08 $ 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:
$ 0.02
-----------------
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 A10 % 5.95625008
Class A11 % 2.54375002
Class A12 % 6.05625001
Class A13 % 9.42589227
Class A15 % 6.15624992
Class A16 % 9.04017754
Class A17 % 8.89010321
Class A18 % 9.24999970
Class A20 % 6.45625004
Class A21 % 7.63125038
Class A22 % 6.40625013
Class A23 % 8.07589411
Class A25 % 6.45625005
Class A26 % 7.63125131
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: $ 64,286.79
-------------
3. Supplemental Servicing Fee amount: $ 270,419.88
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category Category Category
A B C
5. Senior Percentage: % 95.994484 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: % 4.005516
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Tim Neer
Vice President,
Investor Operations
Exhibit 99.46
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
September, 1998
Series 1998-13, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of August 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 % 7.347628
-------------------------
Weighted average maturity 356.86
-------------------------
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
----- ----------- ----------- ----------- -----------
R $ 1000.00000000 $ 892.50000000 $ 5.90000000 %7.08000000
PO $ 0.98429117 $ 0.10543324 $ 0.00000000 %0.00000000
A1 $ 10.29897938 $ 9.19232611 $ 5.62500000 %6.75000000
A2 $ 15.00067474 $ 13.38881159 $ 5.62500000 %6.75000000
A3 $ 8.61562873 $ 7.68985600 $ 5.62500000 %6.75000000
A4 $ 7.75698520 $ 6.92347610 $ 5.62500000 %6.75000000
A5 $ 0.00000000 $ 0.00000000 $ 5.62500023 %6.75000027
A6 $ 0.00000000 $ 0.00000000 $ 5.20833329 %6.24999995
A7 $ 0.00000000 $ 0.00000000 $ 5.20833350 %6.25000020
A8 $ 0.00000000 $ 0.00000000 $ 5.20833333 %6.25000000
A9 $ 0.00000000 $ 0.00000000 $ 5.20833324 %6.24999989
A10 $ 0.00000000 $ 0.00000000 $ 4.96354173 %5.95625008
A11 $ 0.00000000 $ 0.00000000 $ 2.11979168 %2.54375002
A12 $ 3.53967451 $ 3.15932686 $ 5.04687501 %6.05625001
A13 $ 3.53967474 $ 3.15932707 $ 7.85491023 %9.42589227
A14 $ 5.06781275 $ 4.52326249 $ 5.62500000 %6.75000000
A15 $ 2.60997928 $ 2.32952994 $ 5.13020827 %6.15624992
A16 $ 4.42034135 $ 3.94536350 $ 7.53348128 %9.04017754
A17 $ 0.03308190 $ 0.02952771 $ 7.40841934 %8.89010321
A18 $ 0.03308305 $ 0.02952806 $ 7.70833309 %9.24999970
A19 $ 142.50115449 $ 132.20959705 $ 5.62500000 %6.75000000
A20 $ 0.00000000 $ 0.00000000 $ 5.38020836 %6.45625004
A21 $ 0.00000000 $ 0.00000000 $ 6.35937532 %7.63125038
A22 $ 0.00000000 $ 0.00000000 $ 5.33854177 %6.40625013
A23 $ 0.00000000 $ 0.00000000 $ 6.72991176 %8.07589411
A24 $ 0.00000000 $ 0.00000000 $ 5.62500013 %6.75000016
A25 $ 0.00000000 $ 0.00000000 $ 5.38020837 %6.45625005
A26 $ 0.00000000 $ 0.00000000 $ 6.35937609 %7.63125131
RL $ 1000.00000000 $ 892.50000000 $ 5.60000000 %6.72000000
M $ 0.77706595 $ 0.00000000 $ 5.62500000 %6.75000000
B1 $ 0.77706641 $ 0.00000000 $ 5.62500069 %6.75000083
B2 $ 0.77706680 $ 0.00000000 $ 5.62499877 %6.74999852
B3 $ 0.77706641 $ 0.00000000 $ 5.62499931 %6.74999917
B4 $ 0.77706600 $ 0.00000000 $ 5.62500277 %6.75000333
B5 $ 0.77706435 $ 0.00000000 $ 5.62499987 %6.74999984
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
A19 $ 107,628.75
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 64,286.79
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 895,333,592.37
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 2,695
-----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 100.00 $ 0.00 $ 0.00 36157RQN8
PO $ 1,238,414.03 $ 1,237,195.07 $ 999.02 GEC9813PO
A1 $ 51,008,000.00 $ 50,482,669.66 $ 989.70 36157RPL3
A2 $ 29,552,000.00 $ 29,108,700.06 $ 985.00 36157RPM1
A3 $ 110,000,000.00 $ 109,052,280.84 $ 991.38 36157RPN9
A4 $ 100,000,000.00 $ 99,224,301.48 $ 992.24 36157RPP4
A5 $ 21,901,000.00 $ 21,901,000.00 $ 1,000.00 36157RPQ2
A6 $ 40,997,000.00 $ 40,997,000.00 $ 1,000.00 36157RPR0
A7 $ 20,000,000.00 $ 20,000,000.00 $ 1,000.00 36157RPS8
A8 $ 30,000,000.00 $ 30,000,000.00 $ 1,000.00 36157RPT6
A9 $ 32,615,223.00 $ 32,615,223.00 $ 1,000.00 36157RPU3
A10 $ 35,317,777.00 $ 35,317,777.00 $ 1,000.00 36157RPV1
A11 $ 35,317,777.00 $ 35,317,777.00 $ 1,000.00 36157RPW9
A12 $ 64,958,597.00 $ 64,728,664.71 $ 996.46 36157RPX7
A13 $ 16,841,118.00 $ 16,781,505.92 $ 996.46 36157RPY5
A14 $ 57,922,000.00 $ 57,628,462.15 $ 994.93 36157RPZ2
A15 $ 75,604,991.00 $ 75,407,663.54 $ 997.39 36157RQA6
A16 $ 11,513,000.00 $ 11,462,108.61 $ 995.58 36157RQB4
A17 $ 4,715,570.00 $ 4,715,414.00 $ 999.97 36157RQC2
A18 $ 3,372,724.00 $ 3,372,612.42 $ 999.97 36157RQD0
A19 $ 19,134,000.00 $ 16,407,382.91 $ 857.50 36157RQE8
A20 $ 36,642,750.00 $ 36,642,750.00 $ 1,000.00 36157RQF5
A21 $ 12,214,250.00 $ 12,214,250.00 $ 1,000.00 36157RQG3
A22 $ 27,794,118.00 $ 27,794,118.00 $ 1,000.00 36157RQH1
A23 $ 7,205,882.00 $ 7,205,882.00 $ 1,000.00 36157RQJ7
A24 $ 38,395,000.00 $ 38,395,000.00 $ 1,000.00 36157RQK4
A25 $ 12,453,750.00 $ 12,453,750.00 $ 1,000.00 36157RQL2
A26 $ 4,151,250.00 $ 4,151,250.00 $ 1,000.00 36157RQM0
SUP $ 844,743,117.00 $ 838,519,679.26 $ 992.63 GE9813SUP
RL $ 100.00 $ 0.00 $ 0.00 36157RQP3
M $ 16,680,000.00 $ 16,667,038.54 $ 999.22 36157RQQ1
B1 $ 7,213,000.00 $ 7,207,395.02 $ 999.22 36157RQR9
B2 $ 4,057,000.00 $ 4,053,847.44 $ 999.22 36157RQS7
B3 $ 3,606,500.00 $ 3,603,697.51 $ 999.22 36157RQT5
B4 $ 1,803,000.00 $ 1,801,598.95 $ 999.22 36157RQU2
B5 $ 2,705,155.62 $ 2,703,053.54 $ 999.22 36157RQV0
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- ---------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ---------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ---------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ---------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ---------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
---------------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
A10 % 5.95625008
A11 % 2.54375002
A12 % 6.05625001
A13 % 9.42589227
A15 % 6.15624992
A16 % 9.04017754
A17 % 8.89010321
A18 % 9.24999970
A20 % 6.45625004
A21 % 7.63125038
A22 % 6.40625013
A23 % 8.07589411
A25 % 6.45625005
A26 % 7.63125131
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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