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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) October 26, 1998
GE CAPITAL MORTGAGE SERVICES, INC.
(as Seller and Servicer under Pooling and
Servicing Agreements each providing for the
issuance of a Series of Mortgage Pass-Through Certificates)
GE Capital Mortgage Services, Inc.
----------------------------------
(formerly known as Travelers Mortgage Services, Inc.)
(Exact name of registrant as specified in its charter)
New Jersey 33-5042 21-0627285
---------- ------- ----------
(State or Other (Commission (I.R.S. Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
Three Executive Campus
Cherry Hill, New Jersey 08002
----------------------- -----
(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including
area code (609) 661-6100
<PAGE>
Item 5. Other Events
- ------- ------------
On October 26, 1998 GE Capital Mortgage Services, Inc. ("GECMSI") passed
through to Certificateholders of Mortgage Pass-Through Certificates principal
and interest payments as required for the various Series of Mortgage
Pass-Through Certificates listed below and as detailed in Item 7, Financial
Statements, Pro Forma Financial Information and Exhibits, of this Report.
Series Distribution on Series
- ------ ----------------------
Series 1998-01 $6,313,055.32
Series 1998-02 $14,853,846.36
Series 1998-03 $9,163,528.80
Series 1998-04 $13,646,880.42
Series 1998-HE1 $3,234,100.25
Series 1998-HE2 $4,114,950.99
Series 1998-05 $13,038,185.97
Series 1998-6A $7,555,898.78
Series 1998-6B $10,509,028.92
Series 1998-07 $5,732,920.02
Series 1998-08A $10,163,494.93
Series 1998-08B $5,594,469.69
Series 1998-09 $15,727,699.86
Series 1998-10A $12,673,790.35
Series 1998-10B $3,802,948.81
Series 1998-11A $6,783,029.49
Series 1998-11B $4,942,376.12
Series 1998-11C $1,359,495.15
Series 1998-12A $6,663,893.35
Series 1998-12-B $6,346,693.07
Series 1998-12C $2,981,247.05
Series 1998-12D $4,328,228.82
Series 1998-13 $11,344,286.21
Series 1998-14 $8,681,685.67
Series 1998-15 $7,285,583.75
Series 1998-16 $3,104,300.52
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
Series 1998-14 99.47 Servicer's Certificate
99.48 Distribution Date Statment
Series 1998-15 99.49 Servicer's Certificate
99.50 Distribution Date Statment
Series 1998-16 99.51 Servicer's Certificate
99.52 Distribution Date Statment
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President, Investor Relations
Dated as of : October 26, 1998
<PAGE>
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
99.47 Series 1998-14 Servicer's Certificate
99.48 Series 1998-14 Distribution Date Statement
99.49 Series 1998-15 Servicer's Certificate
99.50 Series 1998-15 Distribution Date Statement
99.51 Series 1998-16 Servicer's Certificate
99.52 Series 1998-16 Distribution Date Statement
Exhibit 99.01
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
October, 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 $ 574,350.41
-----------------
(b) Interest $ 1,024,916.65
-----------------
(c) Total $ 1,599,267.06
-----------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 225,885.02
-----------------
(b) Interest $ 392,961.06
-----------------
(c) Total $ 618,846.08
-----------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 348,465.39
-----------------
(b) Interest $ 631,955.59
-----------------
(c) Total $ 980,420.98
-----------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 64,686.65
-----------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 4,716,031.75
-----------------
(b) Interest $ 18,296.85
-----------------
(c) Total $ 4,734,328.60
-----------------
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: $ 165,104,356.74
----------------
13. Available Funds: $ 6,313,055.39
----------------
14. Realized Losses for prior month: $ 0.00
----------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
-----------------
17. Compensating Interest Payment: $ 1,773.47
-----------------
18. Total interest payments: $ 957,986.57
-----------------
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 $ 299,134.16 $ 0.00 $ 299,134.16 % 6.750000051
A2 $ 488,523.05 $ 0.00 $ 488,523.05 % 6.749999989
A3 $ 145,640.89 $ 0.00 $ 145,640.89 % 6.750000171
M $ 8,229.33 $ 0.00 $ 8,229.33 % 6.749997739
B1 $ 5,486.21 $ 0.00 $ 5,486.21 % 6.749996693
B2 $ 2,743.09 $ 0.00 $ 2,743.09 % 6.749993556
B3 $ 4,388.98 $ 0.00 $ 4,388.98 % 6.750006671
B4 $ 1,645.86 $ 0.00 $ 1,645.86 % 6.750018071
B5 $ 2,195.00 $ 0.00 $ 2,195.00 % 6.750002114
20. Principal Distribution Amount: $ 5,355,068.82
-----------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 612.05 $ 0.00
Class A1 $ 1,711,433.47 $ 0.00
Class A2 $ 3,541,005.17 $ 0.00
Class A3 $ 87,231.05 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 4,928.93 $ 0.00
Class B1 $ 3,285.95 $ 0.00
Class B2 $ 1,642.97 $ 0.00
Class B3 $ 2,628.76 $ 0.00
Class B4 $ 985.78 $ 0.00
Class B5 $ 1,314.69 $ 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: $ 37,956.18
------------
3. Supplemental Servicing Fee amount: $ 57,887.71
------------
4. Credit Losses for prior month: $ 0.00
------------
Category Category Category
A B C
5. Senior Percentage: % 97.422879 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: % 2.577121
-----------
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
October, 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 % 7.426474
------------------
Weighted average maturity 167.67
------------------
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 $ 3.90442593 $ 0.28087881 $ 0.00000000 % 0.00000000
A1 $ 27.30865598 $ 24.44978794 $ 4.77316356 % 6.75000005
A2 $ 33.31514852 $ 29.82747736 $ 4.59621412 % 6.74999999
A3 $ 3.28281097 $ 2.93914247 $ 5.48097852 % 6.75000017
M $ 3.28281278 $ 0.00000000 $ 5.48097653 % 6.74999774
B1 $ 3.28281491 $ 0.00000000 $ 5.48097567 % 6.74999669
B2 $ 3.28282132 $ 0.00000000 $ 5.48097308 % 6.74999356
B3 $ 3.28281081 $ 0.00000000 $ 5.48098381 % 6.75000667
B4 $ 3.28281466 $ 0.00000000 $ 5.48099306 % 6.75001807
B5 $ 3.28282017 $ 0.00000000 $ 5.48098051 % 6.75000211
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:
$ 37,956.18
--------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 469,953,436.67
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,562
--------------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
1PO $ 523,338.25 $ 522,814.02 $ 988.33 GEC9881PO
1A1 $ 190,302,621.53 $ 187,186,021.73 $ 935.93 36157RFC4
1A2 $ 2,783,607.30 $ 2,714,061.25 $ 904.69 36157RFD2
1A3 $ 209,691,849.19 $ 205,414,766.78 $ 921.14 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 $ 453,589,552.15 $ 446,131,488.85 $ 936.18 GEC988SUP1
1R $ 0.00 $ 0.00 $ 0.00 36157RFL4
1M $ 10,474,659.22 $ 10,466,200.90 $ 995.26 36157RFH3
1B1 $ 3,990,251.50 $ 3,987,029.36 $ 995.26 36157RFJ9
1B2 $ 2,244,142.95 $ 2,242,330.79 $ 995.26 36157RFK6
1B3 $ 1,995,125.75 $ 1,993,514.68 $ 995.26 36158GCL0
1B4 $ 998,060.91 $ 997,254.97 $ 995.26 36158GCM8
1B5 $ 1,496,736.79 $ 1,495,528.18 $ 995.26 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 9 Principal Balance $ 2,663,485.29
-------- --------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- --------------
3. 90 days or more
Number 1 Principal Balance $ 263,913.61
-------- --------------
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
October, 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 $ 296,982.57
-----------------
(b) Interest $ 2,393,139.13
-----------------
(c) Total $ 2,690,121.70
-----------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 263,912.38
-----------------
(b) Interest $ 2,134,942.64
-----------------
(c) Total $ 2,398,855.02
-----------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 33,070.19
-----------------
(b) Interest $ 258,196.49
-----------------
(c) Total $ 291,266.68
-----------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 69,786.27
-----------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 12,238,033.01
-----------------
(b) Interest $ 76,242.46
-----------------
(c) Total $ 12,314,275.47
-----------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
-----------------
(b) Interest $ 0.00
-----------------
(c) Total $ 0.00
-----------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
-----------------
(b) Interest $ 0.00
-----------------
(c) Total $ 0.00
-----------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
-----------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
-----------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
-----------------
(b) Interest $ 0.00
-----------------
(c) Total $ 0.00
-----------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
-----------------
(b) Interest $ 0.00
-----------------
(c) Total $ 0.00
-----------------
12. Pool Scheduled Principal Balance: $ 373,234,513.99
----------------
13. Available Funds: $ 14,853,846.35
----------------
14. Realized Losses for prior month: $ 0.00
----------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
------------------
17. Compensating Interest Payment: $ 8,994.19
------------------
18. Total interest payments: $ 2,249,044.50
------------------
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 $ 94,495.86 $ 0.00 $ 94,495.86 % 7.000000180
A2 $ 21,583.33 $ 0.00 $ 21,583.33 % 6.999998919
A3 $ 122,816.19 $ 0.00 $ 122,816.19 % 7.000000126
A4 $ 143,272.50 $ 0.00 $ 143,272.50 % 7.000000000
A5 $ 198,686.24 $ 0.00 $ 198,686.24 % 6.999999853
A6 $ 289,791.48 $ 0.00 $ 289,791.48 % 7.000000098
A7 $ 57,166.67 $ 0.00 $ 57,166.67 % 7.000000408
A8 $ 4,937.23 $ 0.00 $ 4,937.23 % 7.250006296
A9 $ 23,664.66 $ 0.00 $ 23,664.66 % 6.950000800
A10 $ 19,250.00 $ 0.00 $ 19,250.00 % 7.000000000
A11 $ 127,799.11 $ 0.00 $ 127,799.11 % 6.999999798
A12 $ 1,034,483.22 $ 0.00 $1,034,483.22 % 6.999999988
M $ 45,746.20 $ 0.00 $ 45,746.20 % 6.999999763
B1 $ 26,140.69 $ 0.00 $ 26,140.69 % 7.000000910
B2 $ 13,070.34 $ 0.00 $ 13,070.34 % 6.999998233
B3 $ 13,070.34 $ 0.00 $ 13,070.34 % 6.999998233
B4 $ 3,919.94 $ 0.00 $ 3,919.94 % 6.999994107
B5 $ 9,150.50 $ 0.00 $ 9,150.50 % 6.999997380
20. Principal Distribution Amount: $ 12,604,801.85
-----------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 292.47 $ 0.00
Class A1 $ 891,968.53 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 832,944.70 $ 0.00
Class A4 $ 0.00 $ 0.00
Class A5 $ 0.00 $ 0.00
Class A6 $ 2,847,114.88 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A8 $ 35,590.55 $ 0.00
Class A9 $ 177,952.90 $ 0.00
Class A10 $ 0.00 $ 0.00
Class A11 $ 16,860.99 $ 0.00
Class A12 $ 7,787,419.27 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 6,035.46 $ 0.00
Class B1 $ 3,448.83 $ 0.00
Class B2 $ 1,724.42 $ 0.00
Class B3 $ 1,724.42 $ 0.00
Class B4 $ 517.17 $ 0.00
Class B5 $ 1,207.26 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
------------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
------------------
24. Subordinate Certificate Writedown Amount: $ 0.00
------------------
Accumulative
Class Supported Shortfall Supported Shortfall
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: $ 81,408.18
-------------
3. Supplemental Servicing Fee amount: $ 142,011.67
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category Category Category
A B C
5. Senior Percentage: % 95.060212 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: % 4.939788
-----------
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
<PAGE>
Exhibit 99.04
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
October, 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 % 7.693777
-----------------------
Weighted average maturity 348.19
-----------------------
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 $ 1.00479258 $ 0.11814824 $ 0.00000000 % 0.00000000
A1 $ 42.89665816 $ 41.93558811 $ 4.54450630 % 7.00000018
A2 $ 0.00000000 $ 0.00000000 $ 5.83333243 % 6.99999892
A3 $ 32.86512351 $ 32.12880314 $ 4.84590304 % 7.00000013
A4 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
A5 $ 0.00000000 $ 0.00000000 $ 5.83333321 % 6.99999985
A6 $ 44.27715485 $ 43.28515581 $ 4.50671742 % 7.00000010
A7 $ 0.00000000 $ 0.00000000 $ 5.83333367 % 7.00000041
A8 $ 35.59058559 $ 34.79319479 $ 4.93723494 % 7.25000630
A9 $ 35.59058000 $ 34.79319800 $ 4.73293200 % 6.95000080
A10 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
A11 $ 0.76504734 $ 0.74790738 $ 5.79873240 % 6.99999980
A12 $ 35.81245928 $ 35.01010586 $ 4.75733833 % 6.99999999
M $ 0.76504753 $ 0.00000000 $ 5.79873241 % 6.99999976
B1 $ 0.76504658 $ 0.00000000 $ 5.79873336 % 7.00000091
B2 $ 0.76504880 $ 0.00000000 $ 5.79873114 % 6.99999823
B3 $ 0.76504880 $ 0.00000000 $ 5.79873114 % 6.99999823
B4 $ 0.76504438 $ 0.00000000 $ 5.79872781 % 6.99999411
B5 $ 0.76504839 $ 0.00000000 $ 5.79873046 % 6.99999738
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:
$ 81,408.18
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 373,234,513.99
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,277
-----------------
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 $ 288,827.20 $ 288,534.73 $ 991.27 GEC9802PO
A1 $ 16,199,289.87 $ 15,307,321.35 $ 736.16 36157RCS2
A2 $ 3,700,000.00 $ 3,700,000.00 $ 1,000.00 36157RCT0
A3 $ 21,054,203.62 $ 20,221,258.92 $ 797.86 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 $ 49,678,538.73 $ 46,831,423.84 $ 728.30 36157RCX1
A7 $ 9,800,000.00 $ 9,800,000.00 $ 1,000.00 36157RCY9
A8 $ 817,195.98 $ 781,605.44 $ 781.61 36157RCZ6
A9 $ 4,085,983.99 $ 3,908,031.09 $ 781.61 36157RDA0
A10 $ 3,300,000.00 $ 3,300,000.00 $ 1,000.00 36157RDB8
A11 $ 21,908,419.49 $ 21,891,558.49 $ 993.30 36157RDC6
A12 $ 177,339,980.87 $ 169,552,561.61 $ 779.73 36157RDD4
SUP $ 372,686,009.10 $ 360,094,892.03 $ 822.99 GEC98002S
M $ 7,842,205.98 $ 7,836,170.52 $ 993.30 36157RDF9
B1 $ 4,481,260.56 $ 4,477,811.73 $ 993.30 36157RDG7
B2 $ 2,240,630.28 $ 2,238,905.86 $ 993.30 36157RDH5
B3 $ 2,240,630.28 $ 2,238,905.86 $ 993.30 36157RDJ1
B4 $ 671,990.28 $ 671,473.11 $ 993.30 36157RDK8
B5 $ 1,568,657.73 $ 1,567,450.47 $ 993.30 36157RDL6
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 1 Principal Balance $ 293,678.82
-------- ---------------
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 99.05
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
October, 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 $ 214,329.77
------------------
(b) Interest $ 1,676,464.47
------------------
(c) Total $ 1,890,794.24
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 181,012.58
------------------
(b) Interest $ 1,413,066.98
------------------
(c) Total $ 1,594,079.56
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 33,317.19
------------------
(b) Interest $ 263,397.49
------------------
(c) Total $ 296,714.68
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 40,953.94
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 7,326,296.55
------------------
(b) Interest $ 42,496.34
------------------
(c) Total $ 7,368,792.89
------------------
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: $ 263,727,578.98
-----------------
13. Available Funds: $ 9,163,528.93
-----------------
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: $ 5,432.85
------------------
18. Total interest payments: $ 1,581,948.66
------------------
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
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 $ 156,170.50 $ 0.00 $ 156,170.50 % 6.999999983
A8 $ 543,091.55 $ 0.00 $ 543,091.55 % 7.000000027
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 $ 31,849.38 $ 0.00 $ 31,849.38 % 7.000000044
B1 $ 18,200.47 $ 0.00 $ 18,200.47 % 6.999998500
B2 $ 9,103.14 $ 0.00 $ 9,103.14 % 7.000003031
B3 $ 9,103.14 $ 0.00 $ 9,103.14 % 7.000003031
B4 $ 2,730.94 $ 0.00 $ 2,730.94 % 6.999997949
B5 $ 6,372.87 $ 0.00 $ 6,372.87 % 7.000003140
20. Principal Distribution Amount: $ 7,581,580.27
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 133.95 $ 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 $ 1,690,871.47 $ 0.00
Class A8 $ 5,880,099.01 $ 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 $ 4,312.94 $ 0.00
Class B1 $ 2,464.65 $ 0.00
Class B2 $ 1,232.72 $ 0.00
Class B3 $ 1,232.72 $ 0.00
Class B4 $ 369.82 $ 0.00
Class B5 $ 862.99 $ 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: $ 59,659.98
-------------
3. Supplemental Servicing Fee amount: $ 83,905.22
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category Category Category
A B C
5. Senior Percentage: % 95.109833 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: % 4.890167
-----------
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
October, 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 % 7.625917
-------------------
Weighted average maturity 348.77
-------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
PO $ 1.11403122 $ 0.22022805 $ 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 $ 49.00082505 $ 47.68213754 $ 4.52576289 % 6.99999998
A8 $ 49.00082508 $ 47.68213750 $ 4.52576292 % 7.00000003
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 $ 0.78517022 $ 0.00000000 $ 5.79817586 % 7.00000004
B1 $ 0.78517044 $ 0.00000000 $ 5.79817458 % 6.99999850
B2 $ 0.78517197 $ 0.00000000 $ 5.79817834 % 7.00000303
B3 $ 0.78517197 $ 0.00000000 $ 5.79817834 % 7.00000303
B4 $ 0.78518047 $ 0.00000000 $ 5.79817410 % 6.99999795
B5 $ 0.78516739 $ 0.00000000 $ 5.79817807 % 7.00000314
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:
$ 59,659.98
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 263,727,578.98
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 894
---------------
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 $ 117,962.16 $ 117,828.22 $ 979.95 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 $ 26,772,085.78 $ 25,081,214.31 $ 726.84 36157RDT9
A8 $ 93,101,408.21 $ 87,221,309.20 $ 726.84 36157RDU6
A9 $ 0.00 $ 0.00 $ 0.00 36157RDV4
A10 $ 10,900,000.00 $ 10,900,000.00 $ 1,000.00 36157RDW2
SUP $ 262,017,201.13 $ 254,445,172.21 $ 836.05 GEC98003S
RL $ 0.00 $ 0.00 $ 0.00 36157RDY8
M $ 5,459,893.68 $ 5,455,580.74 $ 993.19 36157RDZ5
B1 $ 3,120,081.24 $ 3,117,616.59 $ 993.19 36157REA9
B2 $ 1,560,537.61 $ 1,559,304.89 $ 993.19 36157REB7
B3 $ 1,560,537.61 $ 1,559,304.89 $ 993.19 36157REC5
B4 $ 468,161.28 $ 467,791.47 $ 993.19 36157RED3
B5 $ 1,092,491.51 $ 1,091,628.51 $ 993.19 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 $ 3,657,613.53
-------- ---------------
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 $ 5,062,083.25
Class A7_2 $ 20,019,131.05
Class A8_1 $ 17,603,674.34
Class A8_2 $ 69,617,634.87
Exhibit 99.07
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
October, 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 $ 432,420.15
------------------
(b) Interest $ 3,357,367.90
------------------
(c) Total $ 3,789,788.05
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 368,078.00
------------------
(b) Interest $ 2,865,206.72
------------------
(c) Total $ 3,233,284.72
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 64,342.15
------------------
(b) Interest $ 492,161.18
------------------
(c) Total $ 556,503.33
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 235,709.30
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 9,915,678.17
------------------
(b) Interest $ 61,358.81
------------------
(c) Total $ 9,977,036.98
------------------
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: $ 534,175,852.71
-----------------
13. Available Funds: $ 13,646,880.41
-----------------
14. Realized Losses for prior month: $ 0.00
-----------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
------------------
17. Compensating Interest Payment: $ 9,277.90
------------------
18. Total interest payments: $ 3,063,072.79
------------------
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 $ 499,126.65 $ 0.00 $ 499,126.65 % 6.499999996
A2 $ 465,541.95 $ 0.00 $ 465,541.95 % 6.999999985
A3 $ 52,502.37 $ 0.00 $ 52,502.37 % 6.199999879
A4 $ 19,476.66 $ 0.00 $ 19,476.66 % 10.733319002
A5 $ 808,773.46 $ 0.00 $ 808,773.46 % 6.749999990
A6 $ 539,572.63 $ 0.00 $ 539,572.63 % 6.550000061
A7 $ 201,824.88 $ 0.00 $ 201,824.88 % 7.350000182
A8 $ 338,295.12 $ 0.00 $ 338,295.12 % 6.749999963
M $ 62,254.50 $ 0.00 $ 62,254.50 % 6.750000077
B1 $ 30,285.22 $ 0.00 $ 30,285.22 % 6.750000766
B2 $ 15,139.81 $ 0.00 $ 15,139.81 % 6.749999618
B3 $ 13,461.34 $ 0.00 $ 13,461.34 % 6.750000201
B4 $ 6,729.55 $ 0.00 $ 6,729.55 % 6.749999179
B5 $ 10,088.62 $ 0.00 $ 10,088.62 % 6.750000995
20. Principal Distribution Amount: $ 10,583,807.62
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 244.23 $ 0.00
Class A1 $ 2,967,139.98 $ 0.00
Class A2 $ 378,157.67 $ 0.00
Class A3 $ 2,132,103.08 $ 0.00
Class A4 $ 456,879.23 $ 0.00
Class A5 $ 4,629,816.23 $ 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 $ 8,784.64 $ 0.00
Class B1 $ 4,273.50 $ 0.00
Class B2 $ 2,136.36 $ 0.00
Class B3 $ 1,899.51 $ 0.00
Class B4 $ 949.60 $ 0.00
Class B5 $ 1,423.59 $ 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 % 6.19999988
Class A4 % 10.73331900
Class A6 % 6.55000006
Class A7 % 7.35000018
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 116,318.75
------------
3. Supplemental Servicing Fee amount: $ 240,628.57
------------
4. Credit Losses for prior month: $ 0.00
------------
Category Category Category
A B C
5. Senior Percentage: % 95.496058 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: % 4.503942
-----------
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
October, 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 % 7.537911
----------------------
Weighted average maturity 349.63
----------------------
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 $ 1.12710441 $ 0.23000812 $ 0.00000000 % 0.00000000
A1 $ 27.46817730 $ 26.39494543 $ 4.62064460 % 6.50000000
A2 $ 4.63122039 $ 4.45027016 $ 5.70139797 % 6.99999998
A3 $ 98.19024961 $ 94.35377683 $ 2.41790412 % 6.19999988
A4 $ 98.19024930 $ 94.35377606 $ 4.18582850 % 10.73331900
A5 $ 27.46817736 $ 26.39494542 $ 4.79836169 % 6.74999999
A6 $ 0.00000000 $ 0.00000000 $ 5.45833338 % 6.55000006
A7 $ 0.00000000 $ 0.00000000 $ 6.12500015 % 7.35000018
A8 $ 0.00000000 $ 0.00000000 $ 5.62499997 % 6.74999996
M $ 0.78948863 $ 0.00000000 $ 5.59490429 % 6.75000008
B1 $ 0.78948827 $ 0.00000000 $ 5.59490486 % 6.75000077
B2 $ 0.78949002 $ 0.00000000 $ 5.59490392 % 6.74999962
B3 $ 0.78948878 $ 0.00000000 $ 5.59490441 % 6.75000020
B4 $ 0.78949119 $ 0.00000000 $ 5.59490356 % 6.74999918
B5 $ 0.78948864 $ 0.00000000 $ 5.59490505 % 6.75000100
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:
$ 116,318.75
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 534,175,852.71
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,769
-----------------
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 $ 213,388.93 $ 213,144.70 $ 983.65 GEC9804PO
A1 $ 92,146,458.52 $ 89,179,318.54 $ 825.57 36157REF8
A2 $ 79,807,191.60 $ 79,429,033.93 $ 972.75 36157REG6
A3 $ 10,161,749.23 $ 8,029,646.15 $ 369.79 36157REH4
A4 $ 2,177,517.69 $ 1,720,638.46 $ 369.79 36157REJ0
A5 $ 143,781,948.66 $ 139,152,132.43 $ 825.57 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 $ 531,932,867.36 $ 521,364,730.12 $ 886.40 GEC98004S
M $ 11,067,466.54 $ 11,058,681.90 $ 993.86 36157REQ4
B1 $ 5,384,038.50 $ 5,379,764.99 $ 993.86 36157RER2
B2 $ 2,691,521.93 $ 2,689,385.57 $ 993.86 36157RES0
B3 $ 2,393,127.04 $ 2,391,227.53 $ 993.86 36157RET8
B4 $ 1,196,364.59 $ 1,195,414.99 $ 993.86 36157REU5
B5 $ 1,793,532.18 $ 1,792,108.59 $ 993.86 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 7 Principal Balance $ 1,782,477.92
-------- --------------
2. 60-89 days
Number 1 Principal Balance $ 260,386.32
-------- --------------
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 % 6.19999988
A4 % 10.73331900
A6 % 6.55000006
A7 % 7.35000018
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
----------------
2. Bankruptcy Loss Amount: $ 0.00
----------------
3. Fraud Loss Amount: $ 0.00
----------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
------------
Exhibit 99.9
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
OCTOBER 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: $1,326,880.84
-----------
(2) Aggregate Monthly Payments
received and Monthly Advances
made this Month:
(a) Principal $206,038.44
-----------
(b) Interest $1,107,741.71
-----------
(c) Total $1,313,780.15
-----------
(3) Aggregate Principal Prepayments in part received on Self-
Amortizing Mortgage Loans and applied in the applicable
Prepayment Period:
(a) Principal $27,289.62
--------
(c) Total $27,289.62
--------
(4) Aggregate Principal Prepayments
in full received in
the applicable Prepayment
period:
(a) Principal $1,939,438.10
-----------
(b) Interest $19,274.73
-----------
(c) Total $1,958,712.83
-----------
(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 $142,884,561.37
-------------
(11) Available Funds: $3,234,100.25
-------------
(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: $1,012.70
-------------
(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 8.913%
------------- ---------------------
Class B4 36157RFA8 8.913%
------------- ---------------------
Class B5 36157RFB6 8.913%
------------- ---------------------
Class S 36198HE1 2.31%
------------- ---------------------
(20) Accrued Certificate Interest
and Pay-out Rate:
Class A1 36158GAV0 $178,037.67 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 $275,145.26 2.31%
------------- ----------------------
Class M 36158GBE7 $22,228.99 6.950%
------------- ----------------------
Class B1 36158GBF4 $20,842.07 7.240%
------------- ----------------------
Class B2 36158GBC2 $9,711.64 7.590%
------------- ----------------------
Class B3 36157REZ4 $11,404.92 8.913%
------------- ----------------------
Class B4 36157RFA8 $8,555.53 8.913%
------------- ----------------------
Class B5 36157RFB6 $8,562.12 8.913%
------------- ----------------------
Total $1,061,334.09
(21) Principal distributable:
Class A1 36158GAV0 $2,154,499.38
------------- ---------------------
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 $5,534.39
------------- ---------------------
Class B1 36158GBF4 $4,981.24
------------- ---------------------
Class B2 36158GBC2 $2,214.04
------------- ---------------------
Class B3 36157REZ4 $2,214.04
------------- ---------------------
Class B4 36157RFA8 $1,660.89
------------- ---------------------
Class B5 36157RFB6 $1,662.17
------------- ---------------------
Class R1 36158GBC1 $0.00
------------- ---------------------
Class R2 36158GBD9 $0.00
------------- ---------------------
Total $2,172,766.16
(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 91.134287%
--------
2) Senior Prepayment Percentage
for such Distribution Date 100.00%
--------
3) Junior Percentage for such
Distribution Date 8.865713%
--------
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
OCTOBER 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 $48.30716107
---------------- --------
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 $1.42933702
---------------- --------
Class B1 36158GBF4 $1.42933702
---------------- --------
Class B2 36158GBC2 $1.42933702
---------------- --------
Class B3 36157REZ4 $1.42933702
---------------- --------
Class B4 36157RFA8 $1.42933702
---------------- --------
Class B5 36157RFB6 $1.42933702
---------------- --------
Class R1 36158GBC1 $0.00000000
---------------- --------
Class R2 36158GBD9 $0.00000000
---------------- --------
(2) Aggregate Principal prepayments included in distribution:
Class A1 36158GAV0 $1,966,727.72
---------------- ------------
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 $3.99187608 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 $1.92564727 2.31%
-----------------------------------------
Class M 36158GBE7 $5.74095803 6.950%
-----------------------------------------
Class B1 36158GBF4 $5.98050880 7.240%
-----------------------------------------
Class B2 36158GBC2 $6.26962179 7.590%
-----------------------------------------
Class B3 36157REZ4 $7.36276381 8.913%
-----------------------------------------
Class B4 36157RFA8 $7.36276381 8.913%
-----------------------------------------
Class B5 36157RFB6 $7.36276381 8.913%
-----------------------------------------
(4) Servicing Compensation: $62,929.64
--------------
The amounts below are for the aggregate of all Certificates:
(5) Pool Principal Balance; $142,884,561.37
--------------
number of Mortgage
Loans: 2,079
--------------
(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 $30,588,061.22 $685.83096910
-----------------------------------------
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 $3,832,564.51 $989.81521544
-----------------------------------------
Class B1 36158GBF4 $3,449,506.03 $989.81521544
-----------------------------------------
Class B2 36158GBC2 $1,533,223.77 $989.81521544
-----------------------------------------
Class B3 36157REZ4 $1,533,223.77 $989.81521544
-----------------------------------------
Class B4 36157RFA8 $1,150,165.28 $989.81521544
-----------------------------------------
Class B5 36157RFB6 $1,151,050.63 $989.81521544
-----------------------------------------
Class R1 36158GBC1 $0.00 $0.00000000
-----------------------------------------
Class R2 36158GBD9 $0.00 $0.00000000
-----------------------------------------
(7) Book value of real estate acquired on behalf of Certificate-
holders; number of $0.00
----------
related Mortgage Loans: 0
----------
(8) Aggregate Scheduled Principal Balance and number of delinquent
Mortgage Loans:
One Payment Delinquent $1,539,093.68
-----------
25
-----------
Two Payments Delinquent $225,817.95
-----------
4
-----------
Three or more Payments Delinquent $72,297.24
-----------
2
-----------
TOTAL $1,837,208.87
-----------
31
-----------
In foreclosure $281,722.50
-----------
5
-----------
(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 8.913%
---------------- -------------------
Class B4 36157NFU3 8.913%
---------------- -------------------
Class B5 36157NFV1 8.913%
---------------- -------------------
Class S 36197HE4 2.31%
---------------- -------------------
(12) Senior Percentage for such 91.134287%
Distribution Date --------------
(13) Senior Prepayment Percentage
for such Distribution Date 100.00%
--------------
(14) Junior Percentage for such
Distribution Date 8.865713%
--------------
(15) Junior Prepayment Percentage
for such Distribution Date 0.00%
--------------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
- --------------------------------------------------
Name: Tim Neer
Title: Vice President of Investor Operations
Exhibit 99.11
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
October, 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 $ 313,908.97
------------------
(b) Interest $ 2,418,242.99
------------------
(c) Total $ 2,732,151.96
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 280,141.84
------------------
(b) Interest $ 2,177,266.02
------------------
(c) Total $ 2,457,407.86
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 33,767.13
------------------
(b) Interest $ 240,976.97
------------------
(c) Total $ 274,744.10
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 80,465.35
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 10,408,539.76
------------------
(b) Interest $ 63,546.08
------------------
(c) Total $ 10,472,085.84
------------------
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: $ 386,902,046.92
-----------------
13. Available Funds: $ 13,038,185.85
-----------------
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: $ 5,876.44
------------------
18. Total interest payments: $ 2,235,271.76
------------------
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 $ 1,706,623.75 $ 0.00 $ 1,706,623.75 % 6.749999992
A2 $ 71,055.00 $ 0.00 $ 71,055.00 % 6.750000000
A3 $ 239,517.05 $ 0.00 $ 239,517.05 % 6.749999982
A4 $ 118,659.38 $ 0.00 $ 118,659.38 % 6.750000284
M $ 45,980.17 $ 0.00 $ 45,980.17 % 6.750000582
B1 $ 19,883.32 $ 0.00 $ 19,883.32 % 6.750001269
B2 $ 11,184.36 $ 0.00 $ 11,184.36 % 6.749998427
B3 $ 9,941.66 $ 0.00 $ 9,941.66 % 6.750001269
B4 $ 4,970.82 $ 0.00 $ 4,970.82 % 6.749995290
B5 $ 7,456.25 $ 0.00 $ 7,456.25 % 6.749996617
20. Principal Distribution Amount: $ 10,802,914.09
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 14,333.52 $ 0.00
Class A1 $ 10,774,632.61 $ 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 $ 6,450.93 $ 0.00
Class B1 $ 2,789.59 $ 0.00
Class B2 $ 1,569.14 $ 0.00
Class B3 $ 1,394.80 $ 0.00
Class B4 $ 697.40 $ 0.00
Class B5 $ 1,046.10 $ 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: $ 84,571.67
-------------
3. Supplemental Servicing Fee amount: $ 163,691.06
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category Category Category
A B C
5. Senior Percentage: % 95.552372 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: % 4.447628
-----------
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
October, 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 % 7.496559
--------------------
Weighted average maturity 349.69
--------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
PO $ 41.83430329 $ 40.94540403 $ 0.00000000 % 0.00000000
A1 $ 30.82868973 $ 29.97130402 $ 4.88304112 % 6.74999999
A2 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
A3 $ 0.00000000 $ 0.00000000 $ 5.62499999 % 6.74999998
A4 $ 0.00000000 $ 0.00000000 $ 5.62500024 % 6.75000028
M $ 0.78552251 $ 0.00000000 $ 5.59895371 % 6.75000058
B1 $ 0.78552208 $ 0.00000000 $ 5.59895429 % 6.75000127
B2 $ 0.78552009 $ 0.00000000 $ 5.59895193 % 6.74999843
B3 $ 0.78552490 $ 0.00000000 $ 5.59895429 % 6.75000127
B4 $ 0.78552578 $ 0.00000000 $ 5.59894933 % 6.74999529
B5 $ 0.78552383 $ 0.00000000 $ 5.59895043 % 6.74999662
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:
$ 84,571.67
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 386,902,046.92
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,266
-----------------
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 $ 323,314.99 $ 308,981.47 $ 901.80 GEC9805PO
A1 $ 303,399,778.15 $ 292,625,145.55 $ 837.27 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 $ 381,949,748.98 $ 371,741,854.13 $ 869.30 GEC98005S
M $ 8,174,251.74 $ 8,167,800.81 $ 994.58 36158GAL2
B1 $ 3,534,811.78 $ 3,532,022.19 $ 994.58 36158GAM0
B2 $ 1,988,331.13 $ 1,986,761.98 $ 994.58 36158GAN8
B3 $ 1,767,405.89 $ 1,766,011.09 $ 994.58 36157REW1
B4 $ 883,701.95 $ 883,004.55 $ 994.58 36157REX9
B5 $ 1,325,556.22 $ 1,324,510.12 $ 994.58 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 4 Principal Balance $ 1,057,605.94
-------- ---------------
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
October, 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 $ 149,755.23
------------------
(b) Interest $ 1,140,789.16
------------------
(c) Total $ 1,290,544.39
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 121,301.32
------------------
(b) Interest $ 924,269.94
------------------
(c) Total $ 1,045,571.26
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 28,453.91
------------------
(b) Interest $ 216,519.22
------------------
(c) Total $ 244,973.13
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 29,590.86
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 6,305,610.87
------------------
(b) Interest $ 38,307.95
------------------
(c) Total $ 6,343,918.82
------------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
------------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
------------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
12. Pool Scheduled Principal Balance: $ 184,085,559.29
-----------------
13. Available Funds: $ 7,555,898.82
-----------------
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: $ 5,361.02
-----------------
18. Total interest payments: $ 1,070,941.86
-----------------
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 $ 657,540.28 $ 0.00 $ 657,540.28 % 6.750000024
1A2 $ 182,835.00 $ 0.00 $ 182,835.00 % 6.750000000
1A3 $ 43,939.86 $ 0.00 $ 43,939.86 % 6.550000559
1A4 $ 16,435.52 $ 0.00 $ 16,435.52 % 7.350000559
1A5 $ 23,062.50 $ 0.00 $ 23,062.50 % 6.750000000
1A6 $ 101,700.00 $ 0.00 $ 101,700.00 % 6.750000000
1R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1M $ 21,012.35 $ 0.00 $ 21,012.35 % 6.749998823
1B1 $ 9,086.88 $ 0.00 $ 9,086.88 % 6.750002103
1B2 $ 5,111.72 $ 0.00 $ 5,111.72 % 6.750002171
1B3 $ 4,540.64 $ 0.00 $ 4,540.64 % 6.750001245
1B4 $ 2,271.44 $ 0.00 $ 2,271.44 % 6.750001932
1B5 $ 3,405.67 $ 0.00 $ 3,405.67 % 6.750000495
20. Principal Distribution Amount: $ 6,484,956.96
-----------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 1PO $ 171.12 $ 0.00
Class 1A1 $ 6,478,440.24 $ 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 $ 2,935.06 $ 0.00
Class 1B1 $ 1,269.28 $ 0.00
Class 1B2 $ 714.02 $ 0.00
Class 1B3 $ 634.25 $ 0.00
Class 1B4 $ 317.28 $ 0.00
Class 1B5 $ 475.71 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
----------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
----------------
24. Subordinate Certificate Writedown Amount: $ 0.00
----------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
1B1 $ 0.00 $ 0.00
1B2 $ 0.00 $ 0.00
1B3 $ 0.00 $ 0.00
1B4 $ 0.00 $ 0.00
1B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
---------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class 1A3 % 6.55000056
Class 1A4 % 7.35000056
BOther 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: $ 39,055.74
-------------
3. Supplemental Servicing Fee amount: $ 68,373.51
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category Category Category
A B C
5. Senior Percentage: % 95.758061 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: % 4.241939
-----------
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
October, 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 % 7.434181
--------------------
Weighted average maturity 350.99
--------------------
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 $ 0.94090737 $ 0.04360329 $ 0.00000000 % 0.00000000
1A1 $ 50.16757713 $ 49.05830907 $ 5.09184333 % 6.75000002
1A2 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1A3 $ 0.00000000 $ 0.00000000 $ 5.45833380 % 6.55000056
1A4 $ 0.00000000 $ 0.00000000 $ 6.12500047 % 7.35000056
1A5 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1A6 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
1M $ 0.78205702 $ 0.00000000 $ 5.59881428 % 6.74999882
1B1 $ 0.78205792 $ 0.00000000 $ 5.59881701 % 6.75000210
1B2 $ 0.78205915 $ 0.00000000 $ 5.59881709 % 6.75000217
1B3 $ 0.78205919 $ 0.00000000 $ 5.59881628 % 6.75000125
1B4 $ 0.78205571 $ 0.00000000 $ 5.59881686 % 6.75000193
1B5 $ 0.78205246 $ 0.00000000 $ 5.59881568 % 6.75000050
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:
$ 39,055.74
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 184,085,559.29
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 597
---------------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
1PO $ 180,854.01 $ 180,682.89 $ 993.49 GEC986PO1
1A1 $ 116,896,049.36 $ 110,417,609.12 $ 855.05 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 $ 182,199,567.67 $ 175,722,814.24 $ 903.78 GE986SUP1
1R $ 0.00 $ 0.00 $ 0.00 36158GCD8
1M $ 3,735,529.54 $ 3,732,594.48 $ 994.56 36158GBP2
1B1 $ 1,615,444.83 $ 1,614,175.55 $ 994.56 36158GBQ0
1B2 $ 908,749.93 $ 908,035.91 $ 994.56 36158GBR8
1B3 $ 807,224.74 $ 806,590.49 $ 994.56 36158GCE6
1B4 $ 403,811.44 $ 403,494.16 $ 994.56 36158GCF3
1B5 $ 605,452.40 $ 604,976.69 $ 994.56 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 6 Principal Balance $ 2,140,841.17
-------- ---------------
2. 60-89 days
Number 1 Principal Balance $ 236,305.78
-------- ---------------
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 % 6.55000056
1A4 % 7.35000056
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-----------------
2. Bankruptcy Loss Amount: $ 0.00
-----------------
3. Fraud Loss Amount: $ 0.00
-----------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
F. Ending Notional Component Balances (if applicable):
Ending Notional Balance
Class
Class 1A5_1 $ 0.00
Class 1A5_2 $ 0.00
Ending Component Principal Balances (if applicable):
Ending Component Balance
Class
Class 1A5_1 $ 1,780,000.00
Class 1A5_2 $ 2,320,000.00
Exhibit 99.15
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
October, 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 $ 240,952.67
-----------------
(b) Interest $ 1,844,798.66
-----------------
(c) Total $ 2,085,751.33
-----------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 214,632.94
-----------------
(b) Interest $ 1,644,014.29
-----------------
(c) Total $ 1,858,647.23
-----------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 26,319.73
-----------------
(b) Interest $ 200,784.37
-----------------
(c) Total $ 227,104.10
-----------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 49,588.29
-----------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 8,498,336.69
-----------------
(b) Interest $ 51,849.48
-----------------
(c) Total $ 8,550,186.17
-----------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
-----------------
(b) Interest $ 0.00
-----------------
(c) Total $ 0.00
-----------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
-----------------
(b) Interest $ 0.00
-----------------
(c) Total $ 0.00
-----------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
-----------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
-----------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
-----------------
(b) Interest $ 0.00
-----------------
(c) Total $ 0.00
-----------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
-----------------
(b) Interest $ 0.00
-----------------
(c) Total $ 0.00
-----------------
12. Pool Scheduled Principal Balance: $ 297,186,686.46
----------------
13. Available Funds: $ 10,509,028.83
----------------
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: $ 7,788.37
-----------------
18. Total interest payments: $ 1,720,151.19
-----------------
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 $ 6,644.00 $ 0.00 $ 6,644.00 % 6.749996889
2A2 $ 406,539.62 $ 0.00 $ 406,539.62 % 6.750000014
2A3 $ 650,468.94 $ 0.00 $ 650,468.94 % 6.749999971
2A4 $ 123,238.13 $ 0.00 $ 123,238.13 % 6.749999726
2A5 $ 90,759.38 $ 0.00 $ 90,759.38 % 6.749999628
2A6 $ 135,797.88 $ 0.00 $ 135,797.88 % 6.549999759
2A7 $ 50,794.63 $ 0.00 $ 50,794.63 % 7.350000724
2A8 $ 182,812.50 $ 0.00 $ 182,812.50 % 6.750000000
2M $ 33,805.91 $ 0.00 $ 33,805.91 % 6.749999928
2B1 $ 14,618.62 $ 0.00 $ 14,618.62 % 6.749999657
2B2 $ 8,224.72 $ 0.00 $ 8,224.72 % 6.749996881
2B3 $ 7,309.31 $ 0.00 $ 7,309.31 % 6.749999683
2B4 $ 3,654.66 $ 0.00 $ 3,654.66 % 6.750008865
2B5 $ 5,482.92 $ 0.00 $ 5,482.92 % 6.749995245
20. Principal Distribution Amount: $ 8,788,877.64
-----------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 2PO $ 155.78 $ 0.00
Class 2A1 $ 892,395.27 $ 0.00
Class 2A2 $ 3,416,846.32 $ 0.00
Class 2A3 $ 4,469,247.76 $ 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 $ 4,732.39 $ 0.00
Class 2B1 $ 2,046.42 $ 0.00
Class 2B2 $ 1,151.35 $ 0.00
Class 2B3 $ 1,023.21 $ 0.00
Class 2B4 $ 511.60 $ 0.00
Class 2B5 $ 767.54 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
-----------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
-----------------
24. Subordinate Certificate Writedown Amount: $ 0.00
-----------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
2B1 $ 0.00 $ 0.00
2B2 $ 0.00 $ 0.00
2B3 $ 0.00 $ 0.00
2B4 $ 0.00 $ 0.00
2B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
-----------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class 2A6 % 6.55000024
Class 2A7 % 7.35000072
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-2B1 X
Class-2B2 X
Class-2B3 X
Class-2B4 X
Class-2B5 X
2. Base Servicing Fee amount: $ 63,890.43
-------------
3. Supplemental Servicing Fee amount: $ 112,965.88
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category Category Category
A B C
5. Senior Percentage: % 95.750598 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: % 4.249402
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.16
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
October, 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 % 7.446783
--------------------
Weighted average maturity 350.64
--------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
2PO $ 0.90637218 $ 0.01140384 $ 0.00000000 % 0.00000000
2A1 $274.58316000 $ 267.37125538 $ 2.04430769 % 6.74999689
2A2 $ 42.60672511 $ 41.48766282 $ 5.06938862 % 6.75000001
2A3 $ 35.47022032 $ 34.53859778 $ 5.16245190 % 6.74999997
2A4 $ 0.00000000 $ 0.00000000 $ 5.62499977 % 6.74999973
2A5 $ 0.00000000 $ 0.00000000 $ 5.62499969 % 6.74999963
2A6 $ 0.00000000 $ 0.00000000 $ 5.45833313 % 6.54999976
2A7 $ 0.00000000 $ 0.00000000 $ 6.12500060 % 7.35000072
2A8 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
2M $ 0.78376780 $ 0.00000000 $ 5.59885889 % 6.74999993
2B1 $ 0.78376867 $ 0.00000000 $ 5.59885867 % 6.74999966
2B2 $ 0.78376447 $ 0.00000000 $ 5.59885636 % 6.74999688
2B3 $ 0.78376867 $ 0.00000000 $ 5.59885867 % 6.74999968
2B4 $ 0.78376101 $ 0.00000000 $ 5.59886633 % 6.75000887
2B5 $ 0.78376944 $ 0.00000000 $ 5.59885499 % 6.74999524
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:
$ 63,890.43
----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 297,186,686.46
----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 956
----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
2PO $ 170,904.68 $ 170,748.90 $ 993.47 GEC986PO2
2A1 $ 1,181,156.10 $ 288,760.82 $ 88.85 36158GBS6
2A2 $ 72,273,710.07 $ 68,856,863.75 $ 858.62 36158GBT4
2A3 $ 115,638,923.17 $ 111,169,675.41 $ 882.30 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 $ 296,509,557.57 $ 287,729,243.49 $ 908.04 GE986SUP2
2M $ 6,009,939.62 $ 6,005,207.23 $ 994.57 36158GCA4
2B1 $ 2,598,865.91 $ 2,596,819.49 $ 994.57 36158GCB2
2B2 $ 1,462,173.12 $ 1,461,021.77 $ 994.57 36158GCC0
2B3 $ 1,299,432.95 $ 1,298,409.74 $ 994.57 36158GCH9
2B4 $ 649,716.48 $ 649,204.87 $ 994.57 36158GCJ5
2B5 $ 974,742.02 $ 973,974.49 $ 994.57 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 $ 2,108,994.69
-------- ---------------
2. 60-89 days
Number 1 Principal Balance $ 286,840.43
-------- ---------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ---------------
4. In Foreclosure
Number 1 Principal Balance $ 239,773.96
-------- ---------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ---------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
--------------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
2A6 % 6.55000024
2A7 % 7.35000072
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-------------------
2. Bankruptcy Loss Amount: $ 0.00
-------------------
3. Fraud Loss Amount: $ 0.00
-------------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
F. Ending Notional Component Balances (if applicable):
Ending Notional Balance
Class
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
October, 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 $ 529,179.57
------------------
(b) Interest $ 923,463.54
------------------
(c) Total $ 1,452,643.11
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 360,403.37
------------------
(b) Interest $ 636,851.05
------------------
(c) Total $ 997,254.42
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 168,776.20
------------------
(b) Interest $ 286,612.49
------------------
(c) Total $ 455,388.69
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 55,090.38
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 3,532,599.10
------------------
(b) Interest $ 21,195.60
------------------
(c) Total $ 3,553,794.70
------------------
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 $ 758,088.17
------------------
(b) Interest $ 4,931.57
------------------
(c) Total $ 763,019.74
------------------
12. Pool Scheduled Principal Balance: $ 153,802,941.04
-----------------
13. Available Funds: $ 5,732,919.99
-----------------
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: $ 4,369.13
------------------
18. Total interest payments: $ 857,962.76
------------------
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 $ 837,275.73 $ 0.00 $ 837,275.73 %6.499999965
M $ 9,196.84 $ 0.00 $ 9,196.84 %6.499998330
B1 $ 2,298.04 $ 0.00 $ 2,298.04 %6.500012999
B2 $ 2,298.04 $ 0.00 $ 2,298.04 %6.500012999
B3 $ 3,676.85 $ 0.00 $ 3,676.85 %6.499992023
B4 $ 1,838.43 $ 0.00 $ 1,838.43 %6.500009605
B5 $ 1,378.83 $ 0.00 $ 1,378.83 %6.499978570
20. Principal Distribution Amount: $ 4,874,957.23
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 1,080.65 $ 0.00
Class A $ 4,861,141.55 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 5,661.61 $ 0.00
Class B1 $ 1,414.68 $ 0.00
Class B2 $ 1,414.68 $ 0.00
Class B3 $ 2,263.48 $ 0.00
Class B4 $ 1,131.74 $ 0.00
Class B5 $ 848.82 $ 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: $ 35,053.13
-------------
3. Supplemental Servicing Fee amount: $ 57,959.92
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category Category Category
A B C
5. Senior Percentage: % 97.588820 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: % 2.411180
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.18
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
October, 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 % 7.190928
----------------------
Weighted average maturity 170.58
----------------------
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 $ 3.68869106 $ 0.22531856 $ 0.00000000 % 0.00000000
A $ 28.78629448 $ 23.70523719 $ 4.95810819 % 6.49999996
M $ 3.26984552 $ 0.00000000 $ 5.31160679 % 6.49999833
B1 $ 3.26984772 $ 0.00000000 $ 5.31161879 % 6.50001300
B2 $ 3.26984772 $ 0.00000000 $ 5.31161879 % 6.50001300
B3 $ 3.26983805 $ 0.00000000 $ 5.31160164 % 6.49999202
B4 $ 3.26983805 $ 0.00000000 $ 5.31161608 % 6.50000961
B5 $ 3.26986233 $ 0.00000000 $ 5.31159055 % 6.49997857
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:
$ 35,053.13
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 153,802,941.04
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 481
-----------------
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 $ 284,772.45 $ 283,691.81 $ 968.35 GEC9807PO
A $ 154,573,981.76 $ 149,712,840.21 $ 886.56 36158GAA6
SUP $ 148,871,778.64 $ 144,033,405.25 $ 885.19 GEC987SUP
M $ 1,697,878.59 $ 1,692,216.98 $ 977.33 36158GAC2
B1 $ 424,252.69 $ 422,838.01 $ 977.33 36158GAD0
B2 $ 424,252.69 $ 422,838.01 $ 977.33 36158GAE8
B3 $ 678,803.91 $ 676,540.43 $ 977.33 36158GAP3
B4 $ 339,401.96 $ 338,270.22 $ 977.33 36158GAQ1
B5 $ 254,554.07 $ 253,705.25 $ 977.33 36158GAR9
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 1 Principal Balance $ 336,589.71
-------- --------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- --------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- --------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- --------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- --------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
--------------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-----------------
2. Bankruptcy Loss Amount: $ 0.00
-----------------
3. Fraud Loss Amount: $ 0.00
-----------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.19
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
October, 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 $ 385,610.38
------------------
(b) Interest $ 2,909,284.25
------------------
(c) Total $ 3,294,894.63
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 364,241.54
------------------
(b) Interest $ 2,749,440.21
------------------
(c) Total $ 3,113,681.75
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 21,368.84
------------------
(b) Interest $ 159,844.04
------------------
(c) Total $ 181,212.88
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 259,066.94
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 6,836,193.42
------------------
(b) Interest $ 42,064.95
------------------
(c) Total $ 6,878,258.37
------------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
------------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
------------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
12. Pool Scheduled Principal Balance: $ 469,953,436.67
-----------------
13. Available Funds: $ 10,164,294.94
-----------------
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: $ 5,233.50
------------------
18. Total interest payments: $ 2,683,424.19
------------------
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 $ 1,070,771.48 $ 0.00 $ 1,070,771.48 % 6.752013007
1A2 $ 15,662.46 $ 0.00 $ 15,662.46 % 6.752012757
1A3 $ 1,179,868.40 $ 0.00 $ 1,179,868.40 % 6.752012944
1A4 $ 134,668.42 $ 0.00 $ 134,668.42 % 6.752013231
1A5 $ 163,173.65 $ 0.00 $ 163,173.65 % 6.752013103
1R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1M $ 58,937.53 $ 0.00 $ 58,937.53 % 6.752013074
1B1 $ 22,451.85 $ 0.00 $ 22,451.85 % 6.752010493
1B2 $ 12,627.06 $ 0.00 $ 12,627.06 % 6.752008378
1B3 $ 11,225.93 $ 0.00 $ 11,225.93 % 6.752013500
1B4 $ 5,615.76 $ 0.00 $ 5,615.76 % 6.752004744
1B5 $ 8,421.65 $ 0.00 $ 8,421.65 % 6.752008815
20. Principal Distribution Amount: $ 7,480,870.75
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 1PO $ 524.23 $ 0.00
Class 1A1 $ 3,116,599.81 $ 0.00
Class 1A2 $ 69,546.06 $ 0.00
Class 1A3 $ 4,277,082.41 $ 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 $ 8,458.32 $ 0.00
Class 1B1 $ 3,222.14 $ 0.00
Class 1B2 $ 1,812.15 $ 0.00
Class 1B3 $ 1,611.07 $ 0.00
Class 1B4 $ 805.94 $ 0.00
Class 1B5 $ 1,208.62 $ 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: 99,793.88
--------------
3. Supplemental Servicing Fee amount: 170,342.95
--------------
4. Credit Losses for prior month: 0.00
--------------
Category Category Category
A B C
5. Senior Percentage: % 95.554940 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: % 4.445060
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.20
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
October, 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 % 7.425764
-------------------
Weighted average maturity 350.47
-------------------
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 $ 0.99100921 $ 0.03950955 $ 0.00000000 % 0.000000000
1A1 $ 15.58299905 $ 14.81464930 $ 5.35385740 % 6.752013007
1A2 $ 23.18202000 $ 22.03898333 $ 5.22082000 % 6.752012757
1A3 $ 19.17974175 $ 18.23404776 $ 5.29088968 % 6.752012944
1A4 $ 0.00000000 $ 0.00000000 $ 5.62667769 % 6.752013231
1A5 $ 0.00000000 $ 0.00000000 $ 5.62667758 % 6.752013103
1R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.000000000
1M $ 0.80432864 $ 0.00000000 $ 5.60455781 % 6.752013074
1B1 $ 0.80432851 $ 0.00000000 $ 5.60455566 % 6.752010493
1B2 $ 0.80432756 $ 0.00000000 $ 5.60455392 % 6.752008378
1B3 $ 0.80432851 $ 0.00000000 $ 5.60455816 % 6.752013500
1B4 $ 0.80433134 $ 0.00000000 $ 5.60455089 % 6.752004744
1B5 $ 0.80432889 $ 0.00000000 $ 5.60455426 % 6.752008815
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:
$ 99,793.88
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 469,953,436.67
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,562
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
1PO $ 523,338.25 $ 522,814.02 $ 988.33 GEC9881PO
1A1 $ 190,302,621.53 $ 187,186,021.73 $ 935.93 36157RFC4
1A2 $ 2,783,607.30 $ 2,714,061.25 $ 904.69 36157RFD2
1A3 $ 209,691,849.19 $ 205,414,766.78 $ 921.14 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 $ 453,589,552.15 $ 446,131,488.85 $ 936.18 GE988SUP1
1R $ 0.00 $ 0.00 $ 0.00 36157RFL4
1M $ 10,474,659.22 $ 10,466,200.90 $ 995.26 36157RFH3
1B1 $ 3,990,251.50 $ 3,987,029.36 $ 995.26 36157RFJ9
1B2 $ 2,244,142.95 $ 2,242,330.79 $ 995.26 36157RFK6
1B3 $ 1,995,125.75 $ 1,993,514.68 $ 995.26 36158GCL0
1B4 $ 998,060.91 $ 997,254.97 $ 995.26 36158GCM8
1B5 $ 1,496,736.79 $ 1,495,528.18 $ 995.26 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 9 Principal Balance $ 2,663,485.29
-------- --------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- --------------
3. 90 days or more
Number 1 Principal Balance $ 263,913.61
-------- --------------
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
October, 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 $ 127,809.84
------------------
(b) Interest $ 984,976.34
------------------
(c) Total $ 1,112,786.18
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 125,661.80
------------------
(b) Interest $ 966,768.39
------------------
(c) Total $ 1,092,430.19
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 2,148.04
------------------
(b) Interest $ 18,207.95
------------------
(c) Total $ 20,355.99
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 30,729.09
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 4,514,510.46
------------------
(b) Interest $ 27,754.79
------------------
(c) Total $ 4,542,265.25
------------------
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: $ 159,197,275.13
-----------------
13. Available Funds: $ 5,594,469.70
-----------------
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: $ 875.73
------------------
18. Total interest payments: $ 921,420.31
------------------
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 $ 398,572.18 $ 0.00 $ 398,572.18 % 6.749999916
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 $ 19,163.71 $ 0.00 $ 19,163.71 % 6.750001244
2B1 $ 7,861.60 $ 0.00 $ 7,861.60 % 6.749997961
2B2 $ 3,933.60 $ 0.00 $ 3,933.60 % 6.749995045
2B3 $ 3,933.60 $ 0.00 $ 3,933.60 % 6.749995045
2B4 $ 1,961.20 $ 0.00 $ 1,961.20 % 6.750006733
2B5 $ 3,445.36 $ 0.00 $ 3,445.36 % 6.750000159
20. Principal Distribution Amount: $ 4,673,049.39
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 2PO $ 70.78 $ 0.00
Class 2A1 $ 4,667,391.16 $ 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 $ 2,657.04 $ 0.00
Class 2B1 $ 1,090.01 $ 0.00
Class 2B2 $ 545.39 $ 0.00
Class 2B3 $ 545.39 $ 0.00
Class 2B4 $ 271.92 $ 0.00
Class 2B5 $ 477.70 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
------------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
------------------
24. Subordinate Certificate Writedown Amount: $ 0.00
------------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
2B1 $ 0.00 $ 0.00
2B2 $ 0.00 $ 0.00
2B3 $ 0.00 $ 0.00
2B4 $ 0.00 $ 0.00
2B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
------------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-2B1 X
Class-2B2 X
Class-2B3 X
Class-2B4 X
Class-2B5 X
2. Base Servicing Fee amount: $ 34,441.39
-------------
3. Supplemental Servicing Fee amount: $ 57,502.48
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category Category Category
A B C
5. Senior Percentage: % 95.626418 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: % 4.373582
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.22
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
October, 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 % 7.424476
-------------------
Weighted average maturity 351.98
-------------------
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 $ 1.13050839 $ 0.24756824 $ 0.00000000 % 0.00000000
2A1 $ 56.67775877 $ 55.19424094 $ 4.84000100 % 6.74999992
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 $ 0.77691228 $ 0.00000000 $ 5.60342398 % 6.75000124
2B1 $ 0.77691376 $ 0.00000000 $ 5.60342124 % 6.74999796
2B2 $ 0.77690883 $ 0.00000000 $ 5.60341880 % 6.74999505
2B3 $ 0.77690883 $ 0.00000000 $ 5.60341880 % 6.74999505
2B4 $ 0.77691429 $ 0.00000000 $ 5.60342857 % 6.75000673
2B5 $ 0.77691597 $ 0.00000000 $ 5.60342309 % 6.75000016
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:
$ 34,441.39
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 159,197,275.13
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 510
-----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
2PO $ 62,267.62 $ 62,196.84 $ 993.42 GEC9882PO
2A1 $ 70,857,277.33 $ 66,189,886.17 $ 803.77 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 $ 159,492,467.46 $ 154,824,549.83 $ 905.47 GE988SUP2
2R $ 0.00 $ 0.00 $ 0.00 36157RGE9
2M $ 3,406,881.15 $ 3,404,224.11 $ 995.39 36157RGB5
2B1 $ 1,397,618.20 $ 1,396,528.19 $ 995.39 36157RGC3
2B2 $ 699,307.18 $ 698,761.79 $ 995.39 36157RGD1
2B3 $ 699,307.18 $ 698,761.79 $ 995.39 36158GCP1
2B4 $ 348,657.43 $ 348,385.51 $ 995.39 36158GCQ9
2B5 $ 612,508.43 $ 612,030.73 $ 995.39 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 1 Principal Balance $ 293,678.82
-------- ---------------
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
October, 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 $ 587,868.15
------------------
(b) Interest $ 4,395,847.89
------------------
(c) Total $ 4,983,716.04
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 557,748.67
-----------------
(b) Interest $ 4,167,339.76
-----------------
(c) Total $ 4,725,088.43
-----------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 30,119.48
-----------------
(b) Interest $ 228,508.13
-----------------
(c) Total $ 258,627.61
-----------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 167,175.77
-----------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 10,644,298.34
-----------------
(b) Interest $ 66,724.19
-----------------
(c) Total $ 10,711,022.53
-----------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
-----------------
(b) Interest $ 0.00
-----------------
(c) Total $ 0.00
-----------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
-----------------
(b) Interest $ 0.00
-----------------
(c) Total $ 0.00
-----------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
-----------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
-----------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
-----------------
(b) Interest $ 0.00
-----------------
(c) Total $ 0.00
-----------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 252,245.77
-----------------
(b) Interest $ 670.60
-----------------
(c) Total $ 252,916.37
-----------------
12. Pool Scheduled Principal Balance: $ 713,803,454.77
----------------
13. Available Funds: $ 15,727,700.05
----------------
14. Realized Losses for prior month: $ 0.00
----------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
------------------
17. Compensating Interest Payment: $ 9,981.37
------------------
18. Total interest payments: $ 4,076,112.01
------------------
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 $ 1,159,040.21 $ 0.00 $ 1,159,040.21 % 6.999999988
A4 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A5 $ 33,098.95 $ 0.00 $ 0.00 % 6.750000112
A6 $ 79,387.75 $ 0.00 $ 79,387.75 % 6.762499618
A7 $ 29,085.00 $ 0.00 $ 29,085.00 % 7.000000000
A8 $ 287,859.38 $ 0.00 $ 287,859.38 % 6.750000117
A10 $ 874,583.35 $ 0.00 $ 874,583.35 % 6.750000009
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 $ 20,397.23 $ 0.00 $ 20,397.23 % 6.701787194
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 $ 77,964.72 $ 0.00 $ 77,964.72 % 6.749999633
B1 $ 33,714.63 $ 0.00 $ 33,714.63 % 6.750000631
B2 $ 18,962.73 $ 0.00 $ 18,962.73 % 6.750001622
B3 $ 16,860.12 $ 0.00 $ 16,860.12 % 6.750001231
B4 $ 8,427.25 $ 0.00 $ 8,427.25 % 6.749996025
B5 $ 12,644.42 $ 0.00 $ 12,644.42 % 6.750000087
20. Principal Distribution Amount: $ 11,651,588.04
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 11,943.66 $ 0.00
Class A1 $ 0.00 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 1,866,709.53 $ 0.00
Class A4 $ 69,137.39 $ 0.00
Class A5 $ 5,917,356.63 $ 33,098.95
Class A6 $ 0.00 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A8 $ 0.00 $ 0.00
Class A10 $ 3,795,259.12 $ 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 $ 11,229.70 $ 0.00
Class B1 $ 4,856.11 $ 0.00
Class B2 $ 2,731.31 $ 0.00
Class B3 $ 2,428.46 $ 0.00
Class B4 $ 1,213.83 $ 0.00
Class B5 $ 1,821.25 $ 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: $ 148,448.74
-------------
3. Supplemental Servicing Fee amount: $ 236,149.79
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category Category Category
A B C
5. Senior Percentage: % 95.864347 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: % 4.135653
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.24
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
October, 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 % 7.386762
------------------------
Weighted average maturity 351.05
------------------------
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 $ 14.61835032 $ 13.68487403 $ 0.00000000 % 0.00000000
A1 $ 0.00000000 $ 0.00000000 $ 5.41666675 % 6.50000010
A2 $ 0.00000000 $ 0.00000000 $ 5.41666661 % 6.49999993
A3 $ 9.19467523 $ 8.74914537 $ 5.70897514 % 6.99999999
A4 $ 8.76361666 $ 8.33897463 $ 0.00000000 % 0.00000000
A5 $ 310.52484739 $ 297.14036766 $ 1.74670230 % 6.75000011
A6 $ 0.00000000 $ 0.00000000 $ 5.63541635 % 6.76249962
A7 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
A8 $ 0.00000000 $ 0.00000000 $ 5.62500010 % 6.75000012
A10 $ 23.14176986 $ 22.02043065 $ 5.33281285 % 6.75000001
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 $ 5.58482266 % 6.70178719
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 $ 0.80760158 $ 0.00000000 $ 5.60695577 % 6.74999963
B1 $ 0.80760186 $ 0.00000000 $ 5.60695659 % 6.75000063
B2 $ 0.80760201 $ 0.00000000 $ 5.60695742 % 6.75000162
B3 $ 0.80760226 $ 0.00000000 $ 5.60695710 % 6.75000123
B4 $ 0.80760479 $ 0.00000000 $ 5.60695276 % 6.74999603
B5 $ 0.80760279 $ 0.00000000 $ 5.60695614 % 6.75000009
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
A5 $ 33,098.95
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 148,448.74
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 713,803,454.77
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 2,352
-----------------
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 $ 812,910.15 $ 800,966.48 $ 980.34 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 $ 198,692,607.76 $ 196,825,898.23 $ 969.49 36158GCU0
A4 $ 7,728,838.76 $ 7,659,701.37 $ 970.92 36158GCV8
A5 $ 5,884,257.68 $ 0.00 $ 0.00 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 $ 155,481,484.24 $ 151,686,225.12 $ 924.91 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 $ 688,084,082.69 $ 676,983,728.90 $ 948.05 GEC98009S
RL $ 0.00 $ 0.00 $ 0.00 36158GDR6
M $ 13,860,395.42 $ 13,849,165.72 $ 995.98 36158GDM7
B1 $ 5,993,711.44 $ 5,988,855.34 $ 995.98 36158GDN5
B2 $ 3,371,151.19 $ 3,368,419.88 $ 995.98 36158GDP0
B3 $ 2,997,354.12 $ 2,994,925.66 $ 995.98 36158GDS4
B4 $ 1,498,178.66 $ 1,496,964.83 $ 995.98 36158GDT2
B5 $ 2,247,896.86 $ 2,246,075.61 $ 995.98 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 8 Principal Balance $ 2,196,749.43
-------- --------------
2. 60-89 days
Number 1 Principal Balance $ 242,168.56
-------- --------------
3. 90 days or more
Number 1 Principal Balance $ 315,536.77
-------- --------------
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 $ 7,289,848.37
Class A4_2 $ 185,186.00
Class A4_3 $ 184,667.00
Exhibit 99.25
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
October, 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 $ 383,643.61
------------------
(b) Interest $ 2,945,638.53
------------------
(c) Total $ 3,329,282.14
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 324,260.95
------------------
(b) Interest $ 2,489,596.24
------------------
(c) Total $ 2,813,857.19
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 59,382.66
------------------
(b) Interest $ 456,042.29
------------------
(c) Total $ 515,424.95
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 77,871.35
-----------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 8,934,677.62
-----------------
(b) Interest $ 51,213.44
-----------------
(c) Total $ 8,985,891.06
-----------------
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 $ 542,249.12
-----------------
(b) Interest $ 1,546.57
-----------------
(c) Total $ 543,795.69
-----------------
12. Pool Scheduled Principal Balance: $ 476,977,239.99
----------------
13. Available Funds: $ 12,673,790.32
----------------
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: $ 6,899.22
------------------
18. Total interest payments: $ 2,735,348.63
------------------
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 $ 1,103,235.13 $ 0.00 $ 1,103,235.13 % 7.000000002
1A6 $ 63,906.17 $ 0.00 $ 0.00 % 7.000000063
1A7 $ 78,501.98 $ 0.00 $ 0.00 % 7.000000403
1A8 $ 6,806.53 $ 0.00 $ 0.00 % 7.000000326
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 % 48.720000000
1RL $ 0.56 $ 0.00 $ 0.56 % 6.720000000
1M $ 52,188.90 $ 0.00 $ 52,188.90 % 6.750000209
1B1 $ 22,570.14 $ 0.00 $ 22,570.14 % 6.749999265
1B2 $ 12,695.35 $ 0.00 $ 12,695.35 % 6.749997521
1B3 $ 11,282.27 $ 0.00 $ 11,282.27 % 6.750001511
1B4 $ 5,641.13 $ 0.00 $ 5,641.13 % 6.749995528
1B5 $ 8,468.91 $ 0.00 $ 8,468.91 % 6.750001524
20. Principal Distribution Amount: $ 9,938,441.69
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class PO1 $ 658.42 $ 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 $ 1,203,158.35 $ 0.00
Class 1A6 $ 8,513,652.94 $ 63,906.17
Class 1A7 $ 0.00 $ 78,501.98
Class 1A8 $ 0.00 $ 6,806.53
Class 1A9 $ 354,383.13 $ 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 $ 7,308.75 $ 0.00
Class 1B1 $ 3,160.82 $ 0.00
Class 1B2 $ 1,777.91 $ 0.00
Class 1B3 $ 1,580.02 $ 0.00
Class 1B4 $ 790.01 $ 0.00
Class 1B5 $ 1,186.02 $ 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: $ 103,236.82
-------------
3. Supplemental Servicing Fee amount: $ 166,682.16
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category Category Category
A B C
5. Senior Percentage: % 95.874504 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: % 4.125496
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.26
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
October, 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 % 7.409413
-------------------------
Weighted average maturity 352.51
-------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
PO1 $ 1.03831755 $ 0.13338127 $ 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 $ 6.23721280 $ 6.00633976 $ 5.71920752 % 7.00000000
1A6 $ 366.58337397 $ 355.68401345 $ 2.77250195 % 7.00000006
1A7 $ 0.00000000 $ 0.00000000 $ 5.97064040 % 7.00000040
1A8 $ 0.00000000 $ 0.00000000 $ 5.97064035 % 7.00000033
1A9 $ 41.55524508 $ 40.01706027 $ 0.00000000 % 0.00000000
1A10 $ 0.00000000 $ 0.00000000 $ 5.62500006 % 6.75000008
1R $ 0.00000000 $ 0.00000000 $ 40.60000000 % 48.72000000
1RL $ 0.00000000 $ 0.00000000 $ 5.60000000 % 6.72000000
1M $ 0.78529601 $ 0.00000000 $ 5.60748899 % 6.75000021
1B1 $ 0.78529689 $ 0.00000000 $ 5.60748820 % 6.74999927
1B2 $ 0.78529594 $ 0.00000000 $ 5.60748675 % 6.74999752
1B3 $ 0.78529821 $ 0.00000000 $ 5.60749006 % 6.75000151
1B4 $ 0.78529821 $ 0.00000000 $ 5.60748509 % 6.74999553
1B5 $ 0.78529532 $ 0.00000000 $ 5.60749008 % 6.75000152
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
1A6 $ 63,906.17
1A7 $ 78,501.98
1A8 $ 6,806.53
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 103,236.82
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 476,977,239.99
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,555
--------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
PO1 $ 631,480.59 $ 630,822.17 $ 994.80 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 $ 189,126,022.24 $ 187,922,863.89 $ 974.20 36158GDZ8
1A6 $ 10,955,343.33 $ 2,505,596.56 $ 108.70 36158GEA2
1A7 $ 13,457,481.51 $ 13,535,983.48 $ 1,029.51 36158GEB0
1A8 $ 1,166,833.66 $ 1,173,640.19 $ 1,029.51 36158GEC8
1A9 $ 7,952,683.94 $ 7,598,300.81 $ 890.98 36158GED6
1A10 $ 79,991,000.00 $ 79,991,000.00 $ 1,000.00 36158GEE4
SUP1 $ 456,417,194.74 $ 446,509,321.16 $ 945.06 GEC9810S1
1R $ 100.00 $ 100.00 $ 1,000.00 36158GEF1
1RL $ 100.00 $ 100.00 $ 1,000.00 36158GEG9
1M $ 9,278,026.38 $ 9,270,717.62 $ 996.10 36157RGR0
1B1 $ 4,012,469.77 $ 4,009,308.96 $ 996.10 36157RGS8
1B2 $ 2,256,951.94 $ 2,255,174.03 $ 996.10 36157RGT6
1B3 $ 2,005,736.44 $ 2,004,156.43 $ 996.10 36157RHH1
1B4 $ 1,002,868.22 $ 1,002,078.21 $ 996.10 36157RHJ7
1B5 $ 1,505,583.66 $ 1,504,397.63 $ 996.10 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 9 Principal Balance $ 3,463,377.20
-------- ---------------
2. 60-89 days
Number 1 Principal Balance $ 267,399.60
-------- ---------------
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
October, 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 $ 484,565.58
------------------
(b) Interest $ 844,084.07
------------------
(c) Total $ 1,328,649.65
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 359,835.12
------------------
(b) Interest $ 629,941.94
------------------
(c) Total $ 989,777.06
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 124,730.46
------------------
(b) Interest $ 214,142.13
------------------
(c) Total $ 338,872.59
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 128,147.96
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 2,402,779.66
------------------
(b) Interest $ 17,199.78
------------------
(c) Total $ 2,419,979.44
------------------
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: $ 142,825,645.69
-----------------
13. Available Funds: $ 3,802,948.77
-----------------
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: $ 1,024.11
------------------
18. Total interest payments: $ 787,455.58
------------------
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 $ 276,335.56 $ 0.00 $ 276,335.56 % 6.500000082
2A4 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2A5 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2A6 $ 107,065.65 $ 0.00 $ 107,065.65 % 6.499999978
2A7 $ 50,456.25 $ 0.00 $ 50,456.25 % 6.500000000
2R $ 0.54 $ 0.00 $ 0.54 % 6.480000000
2M $ 7,270.65 $ 0.00 $ 7,270.65 % 6.499997512
2B1 $ 4,036.28 $ 0.00 $ 4,036.28 % 6.499997598
2B2 $ 2,020.81 $ 0.00 $ 2,020.81 % 6.499987724
2B3 $ 3,229.03 $ 0.00 $ 3,229.03 % 6.500009545
2B4 $ 1,213.56 $ 0.00 $ 1,213.56 % 6.500013524
2B5 $ 1,618.91 $ 0.00 $ 1,618.91 % 6.500000920
20. Principal Distribution Amount: $ 3,015,493.19
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class PO2 $ 1,778.79 $ 0.00
Class 2A1 $ 0.00 $ 0.00
Class 2A2 $ 0.00 $ 0.00
Class 2A3 $ 2,905,223.02 $ 0.00
Class 2A4 $ 0.00 $ 0.00
Class 2A5 $ 0.00 $ 0.00
Class 2A6 $ 96,600.87 $ 0.00
Class 2A7 $ 0.00 $ 0.00
Class SUP2 $ 0.00 $ 0.00
Class 2R $ 0.00 $ 0.00
Class 2M $ 4,458.75 $ 0.00
Class 2B1 $ 2,475.26 $ 0.00
Class 2B2 $ 1,239.27 $ 0.00
Class 2B3 $ 1,980.21 $ 0.00
Class 2B4 $ 744.22 $ 0.00
Class 2B5 $ 992.80 $ 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
------------------
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: $ 30,283.91
-----------
3. Supplemental Servicing Fee amount: $ 40,379.52
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 97.537735 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: % 2.462265
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.28
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
October, 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 % 7.07125
----------------------
Weighted average maturity 172.35
----------------------
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 $ 3.76926973 $ 0.26093461 $ 0.00000000 % 0.00000000
2A1 $ 0.00000000 $ 0.00000000 $ 5.41666677 % 6.50000013
2A2 $ 0.00000000 $ 0.00000000 $ 5.41666678 % 6.50000013
2A3 $ 54.16655206 $ 45.66722029 $ 5.15214990 % 6.50000008
2A4 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
2A5 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
2A6 $ 4.79408784 $ 4.04184218 $ 5.31343176 % 6.49999998
2A7 $ 0.00000000 $ 0.00000000 $ 5.41666667 % 6.50000000
2R $ 0.00000000 $ 0.00000000 $ 5.40000000 % 6.48000000
2M $ 3.27849265 $ 0.00000000 $ 5.34606618 % 6.49999751
2B1 $ 3.27849007 $ 0.00000000 $ 5.34606623 % 6.49999760
2B2 $ 3.27849206 $ 0.00000000 $ 5.34605820 % 6.49998772
2B3 $ 3.27849338 $ 0.00000000 $ 5.34607616 % 6.50000954
2B4 $ 3.27850220 $ 0.00000000 $ 5.34607930 % 6.50001352
2B5 $ 3.27848812 $ 0.00000000 $ 5.34606889 % 6.50000092
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:
$ 30,283.91
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 142,825,645.69
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 447
-----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
PO2 $ 464,725.51 $ 462,946.72 $ 980.99 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 $ 51,015,795.05 $ 48,110,572.03 $ 897.00 36158GEK0
2A4 $ 0.00 $ 0.00 $ 0.00 36158GEL8
2A5 $ 0.00 $ 0.00 $ 0.00 36158GEM6
2A6 $ 19,765,966.22 $ 19,669,365.36 $ 976.15 36158GEN4
2A7 $ 9,315,000.00 $ 9,315,000.00 $ 1,000.00 36158GEP9
SUP2 $ 132,338,706.15 $ 129,379,483.67 $ 941.76 GEC9810S2
2R $ 100.00 $ 100.00 $ 1,000.00 36158GEQ7
2M $ 1,342,274.36 $ 1,337,815.61 $ 983.69 36157RHD0
2B1 $ 745,159.66 $ 742,684.40 $ 983.69 36157RHE8
2B2 $ 373,073.32 $ 371,834.05 $ 983.69 36157RHF5
2B3 $ 596,127.74 $ 594,147.53 $ 983.69 36157RHL2
2B4 $ 224,041.38 $ 223,297.16 $ 983.69 36157RHM0
2B5 $ 298,875.65 $ 297,882.85 $ 983.69 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 1 Principal Balance $ 296,180.79
-------- ---------------
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
October, 1998
Series 1998-11A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 404,407.51
------------------
(b) Interest $ 3,106,856.36
------------------
(c) Total $ 3,511,263.87
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 371,920.37
------------------
(b) Interest $ 2,857,648.62
------------------
(c) Total $ 3,229,568.99
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 32,487.14
------------------
(b) Interest $ 249,207.74
------------------
(c) Total $ 281,694.88
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 91,337.24
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 3,437,670.80
------------------
(b) Interest $ 21,340.94
------------------
(c) Total $ 3,459,011.74
------------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
------------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
------------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
12. Pool Scheduled Principal Balance: $ 503,086,007.76
-----------------
13. Available Funds: $ 6,783,029.33
-----------------
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: $ 3,286.42
------------------
18. Total interest payments: $ 2,849,613.78
------------------
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 $ 1,043,646.69 $ 0.00 $1,043,646.69 % 6.749999980
1A2 $ 273,319.29 $ 0.00 $ 273,319.29 % 6.749999881
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 $ 16,185.98 $ 0.00 $ 16,185.98 % 6.749999685
1A10 $ 55,800.00 $ 0.00 $ 55,800.00 % 6.750000000
1A11 $ 286,875.00 $ 0.00 $ 286,875.00 % 6.750000000
1A12 $ 196,375.71 $ 0.00 $ 196,375.71 % 6.749999987
1A13 $ 77,378.33 $ 0.00 $ 77,378.33 % 6.750000233
1A14 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A15 $ 254,493.24 $ 0.00 $ 254,493.24 % 6.749999944
1A16 $ 102,681.61 $ 0.00 $ 102,681.61 % 6.750000072
1A17 $ 4,050.00 $ 0.00 $ 4,050.00 % 6.750000000
1R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1M $ 53,755.40 $ 0.00 $ 53,755.40 % 6.749999743
1B1 $ 23,249.67 $ 0.00 $ 23,249.67 % 6.749998737
1B2 $ 13,075.49 $ 0.00 $ 13,075.49 % 6.750001729
1B3 $ 11,622.03 $ 0.00 $ 11,622.03 % 6.749999270
1B4 $ 5,813.82 $ 0.00 $ 5,813.82 % 6.749998237
1B5 $ 8,718.34 $ 0.00 $ 8,718.34 % 6.749998698
20. Principal Distribution Amount: $ 3,933,415.55
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 1PO $ 426.59 $ 0.00
Class 1A1 $ 2,102,659.96 $ 0.00
Class 1A2 $ 397,669.82 $ 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 $ 145,031.88 $ 0.00
Class 1A10 $ 0.00 $ 0.00
Class 1A11 $ 0.00 $ 0.00
Class 1A12 $ 121,086.78 $ 0.00
Class 1A13 $ 430,452.03 $ 0.00
Class 1A14 $ 0.00 $ 0.00
Class 1A15 $ 157,985.45 $ 0.00
Class 1A16 $ 561,623.27 $ 0.00
Class 1A17 $ 0.00 $ 0.00
Class SUP1 $ 0.00 $ 0.00
Class 1R $ 0.00 $ 0.00
Class 1M $ 7,621.45 $ 0.00
Class 1B1 $ 3,296.34 $ 0.00
Class 1B2 $ 1,853.84 $ 0.00
Class 1B3 $ 1,647.77 $ 0.00
Class 1B4 $ 824.28 $ 0.00
Class 1B5 $ 1,236.09 $ 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: $ 101,323.48
-------------
3. Supplemental Servicing Fee amount: $ 174,125.62
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category A Category B Category C
5. Senior Percentage: % N/A N/A N/A N/A
---- ---- --------- ------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
---- ---- --------- ------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
---- ---- --------- ------
8. Senior Prepayment Percentage:
% N/A N/A N/A N/A
---- ---- --------- ------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
---- ---- --------- ------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
---- ---- --------- ------
11. Junior Percentage: % N/A
----
12. Junior Prepayment Percentage:
% N/A
----
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
---------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.30
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
October, 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 % 7.406652
------------------------
Weighted average maturity 352.61
------------------------
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
----- ----------- ----------- ----------- -----------
1PO $ 1.00901178 $ 0.08881688 $ 0.00000000 % 0.00000000
1A1 $ 10.99142687 $ 9.90382488 $ 5.45554987 % 6.74999998
1A2 $ 8.00462601 $ 7.21256804 $ 5.50159601 % 6.74999988
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 $ 44.28454351 $ 39.90258626 $ 4.94228397 % 6.74999968
1A10 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1A11 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1A12 $ 3.43996534 $ 3.09958068 $ 5.57885540 % 6.74999999
1A13 $ 28.88939799 $ 26.03079128 $ 5.19317651 % 6.75000023
1A14 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
1A15 $ 3.46307431 $ 3.12040311 $ 5.57854537 % 6.74999994
1A16 $ 28.29336373 $ 25.49373451 $ 5.17287708 % 6.75000007
1A17 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
1M $ 0.79564151 $ 0.00000000 $ 5.61179664 % 6.74999974
1B1 $ 0.79564084 $ 0.00000000 $ 5.61179580 % 6.74999874
1B2 $ 0.79563948 $ 0.00000000 $ 5.61179828 % 6.75000173
1B3 $ 0.79563979 $ 0.00000000 $ 5.61179623 % 6.74999927
1B4 $ 0.79563707 $ 0.00000000 $ 5.61179537 % 6.74999824
1B5 $ 0.79564282 $ 0.00000000 $ 5.61179577 % 6.74999870
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:
$ 101,323.48
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 503,086,007.76
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,621
------------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
1PO $ 421,416.66 $ 420,990.07 $ 995.77 GE98111PO
1A1 $ 185,537,189.87 $ 183,434,529.92 $ 958.88 36157RJC0
1A2 $ 48,590,096.86 $ 48,192,427.04 $ 970.06 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 $ 2,877,507.69 $ 2,732,475.81 $ 834.34 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 $ 34,911,237.40 $ 34,790,150.62 $ 988.36 36157RJP1
1A13 $ 13,756,147.08 $ 13,325,695.05 $ 894.34 36157RJQ9
1A14 $ 0.00 $ 0.00 $ 0.00 36157RJR7
1A15 $ 45,243,243.04 $ 45,085,257.59 $ 988.28 36157RJS5
1A16 $ 18,254,508.25 $ 17,692,884.98 $ 891.33 36157RJT3
1A17 $ 720,000.00 $ 720,000.00 $ 1,000.00 36157RJU0
SUP1 $ 483,734,341.01 $ 479,824,408.87 $ 970.44 G9811SUP1
1R $ 0.00 $ 0.00 $ 0.00 36157RJY2
1M $ 9,556,515.92 $ 9,548,894.47 $ 996.86 36157RJV8
1B1 $ 4,133,275.44 $ 4,129,979.10 $ 996.86 36157RJW6
1B2 $ 2,324,530.96 $ 2,322,677.12 $ 996.86 36157RJX4
1B3 $ 2,066,138.89 $ 2,064,491.12 $ 996.86 36157RLG8
1B4 $ 1,033,568.27 $ 1,032,743.99 $ 996.86 36157RLH6
1B5 $ 1,549,927.41 $ 1,548,691.32 $ 996.86 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 3 Principal Balance $ 1,553,613.11
-------- ----------------
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
October, 1998
Series 1998-11B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 191,288.27
------------------
(b) Interest $ 1,477,320.41
------------------
(c) Total $ 1,668,608.68
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 178,387.39
------------------
(b) Interest $ 1,372,596.96
------------------
(c) Total $ 1,550,984.35
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 12,900.88
------------------
(b) Interest $ 104,723.45
------------------
(c) Total $ 117,624.33
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 74,281.31
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 3,316,654.62
------------------
(b) Interest $ 20,674.02
------------------
(c) Total $ 3,337,328.64
------------------
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: $ 238,427,284.86
-----------------
13. Available Funds: $ 4,944,563.55
-----------------
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: $ 2,273.98
------------------
18. Total interest payments: $ 1,362,339.36
------------------
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 $ 129,728.16 $ 0.00 $ 129,728.16 % 6.750000114
2A2 $ 40,484.17 $ 0.00 $ 40,484.17 % 6.500000535
2A3 $ 40,877.17 $ 0.00 $ 40,877.17 % 6.700000082
2A4 $ 140,089.68 $ 0.00 $ 140,089.68 % 6.750000000
2A5 $ 133,623.56 $ 0.00 $ 133,623.56 % 6.749999982
2A6 $ 53,809.32 $ 0.00 $ 53,809.32 % 6.499999495
2A7 $ 10,981.93 $ 0.00 $ 10,981.93 % 6.942858050
2A8 $ 10,208.33 $ 0.00 $ 10,208.33 % 6.999997714
2A9 $ 11,666.67 $ 0.00 $ 11,666.67 % 8.000002286
2A10 $ 410,601.23 $ 0.00 $ 410,601.23 % 6.750000058
2A11 $ 250,312.50 $ 0.00 $ 250,312.50 % 6.750000000
2A12 $ 28,383.58 $ 0.00 $ 28,383.58 % 6.749999676
2A13 $ 2,069.59 $ 0.00 $ 2,069.59 % 0.250000073
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 $ 25,853.92 $ 0.00 $ 25,853.92 % 6.750000785
2B1 $ 11,178.86 $ 0.00 $ 11,178.86 % 6.750000709
2B2 $ 6,290.91 $ 0.00 $ 6,290.91 % 6.749995654
2B3 $ 5,589.43 $ 0.00 $ 5,589.43 % 6.750000709
2B4 $ 2,794.71 $ 0.00 $ 2,794.71 % 6.749988633
2B5 $ 4,197.31 $ 0.00 $ 4,197.31 % 6.750003297
20. Principal Distribution Amount: $ 3,582,224.19
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 2PO $ 236.00 $ 0.00
Class 2A1 $ 55,167.26 $ 0.00
Class 2A2 $ 0.00 $ 0.00
Class 2A3 $ 2,235,353.09 $ 0.00
Class 2A4 $ 0.00 $ 0.00
Class 2A5 $ 177,202.38 $ 0.00
Class 2A6 $ 31,620.76 $ 0.00
Class 2A7 $ 579,536.11 $ 0.00
Class 2A8 $ 0.00 $ 0.00
Class 2A9 $ 0.00 $ 0.00
Class 2A10 $ 337,545.24 $ 0.00
Class 2A11 $ 0.00 $ 0.00
Class 2A12 $ 157,708.52 $ 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 $ 3,632.55 $ 0.00
Class 2B1 $ 1,570.66 $ 0.00
Class 2B2 $ 883.89 $ 0.00
Class 2B3 $ 785.33 $ 0.00
Class 2B4 $ 392.67 $ 0.00
Class 2B5 $ 589.73 $ 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 % 6.70000008
Class 2A7 % 6.94285805
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: $ 48,313.04
-------------
3. Supplemental Servicing Fee amount: $ 88,557.14
-------------
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
---------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.32
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
October, 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 % 7.435868
--------------------
Weighted average maturity 352.76
--------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
2PO $ 1.14855263 $ 0.25910569 $ 0.00000000 % 0.00000000
2A1 $ 2.38016851 $ 2.25813405 $ 5.59706755 % 6.75000011
2A2 $ 0.00000000 $ 0.00000000 $ 5.41666711 % 6.50000054
2A3 $ 192.14260781 $ 182.29119525 $ 3.51364895 % 6.70000008
2A4 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
2A5 $ 7.34517637 $ 6.96857948 $ 5.53880041 % 6.74999998
2A6 $ 3.16207600 $ 2.99995200 $ 5.38093200 % 6.49999949
2A7 $ 192.14260635 $ 182.29119511 $ 3.64100979 % 6.94285805
2A8 $ 0.00000000 $ 0.00000000 $ 5.83333143 % 6.99999771
2A9 $ 0.00000000 $ 0.00000000 $ 6.66666857 % 8.00000229
2A10 $ 4.57998969 $ 4.34516730 $ 5.57125142 % 6.75000006
2A11 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
2A12 $ 29.34112000 $ 27.83676093 $ 5.28066605 % 6.74999968
2A13 $ 0.00000000 $ 0.00000000 $ 0.20695900 % 0.25000007
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 $ 0.78848491 $ 0.00000000 $ 5.61187758 % 6.75000078
2B1 $ 0.78848394 $ 0.00000000 $ 5.61187751 % 6.75000071
2B2 $ 0.78848350 $ 0.00000000 $ 5.61187333 % 6.74999565
2B3 $ 0.78848394 $ 0.00000000 $ 5.61187751 % 6.75000071
2B4 $ 0.78849398 $ 0.00000000 $ 5.61186747 % 6.74998863
2B5 $ 0.78847972 $ 0.00000000 $ 5.61187967 % 6.75000330
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:
$ 48,313.04
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 238,427,284.86
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 782
------------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
2PO $ 204,733.75 $ 204,497.75 $ 995.24 GE98112PO
2A1 $ 23,062,783.61 $ 23,007,616.35 $ 992.65 36157RJZ9
2A2 $ 7,474,000.00 $ 7,474,000.00 $ 1,000.00 36157RKA2
2A3 $ 7,321,284.09 $ 5,085,931.00 $ 437.17 GE98112A3
2A4 $ 24,904,832.00 $ 24,904,832.00 $ 1,000.00 36157RKC8
2A5 $ 23,755,299.62 $ 23,578,097.24 $ 977.33 36157RKD6
2A6 $ 9,934,029.08 $ 9,902,408.32 $ 990.24 36157RKE4
2A7 $ 1,898,111.11 $ 1,318,575.00 $ 437.17 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 $ 72,995,773.59 $ 72,658,228.36 $ 985.86 36157RKJ3
2A11 $ 44,500,000.00 $ 44,500,000.00 $ 1,000.00 36157RKK0
2A12 $ 5,045,970.02 $ 4,888,261.50 $ 909.44 36157RKL8
2A13 $ 9,934,029.08 $ 9,902,408.32 $ 990.24 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 $ 229,368,476.06 $ 225,799,739.92 $ 955.30 G9811SUP2
2R $ 0.00 $ 0.00 $ 0.00 36157RKU8
2RL $ 0.00 $ 0.00 $ 0.00 36157RKV6
2M $ 4,596,251.91 $ 4,592,619.36 $ 996.88 36157RKR5
2B1 $ 1,987,352.68 $ 1,985,782.02 $ 996.88 36157RKS3
2B2 $ 1,118,384.72 $ 1,117,500.82 $ 996.88 36157RKT1
2B3 $ 993,676.34 $ 992,891.01 $ 996.88 36157RLK9
2B4 $ 496,838.17 $ 496,445.50 $ 996.88 36157RLL7
2B5 $ 746,188.08 $ 745,598.35 $ 996.88 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 5 Principal Balance $ 1,575,048.45
-------- --------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- --------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- --------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- --------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- --------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
--------------
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 % 6.70000008
2A7 % 6.94285805
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
October, 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 $ 367,446.75
------------------
(b) Interest $ 655,976.78
------------------
(c) Total $ 1,023,423.53
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 308,018.51
------------------
(b) Interest $ 550,037.92
------------------
(c) Total $ 858,056.43
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 59,428.24
------------------
(b) Interest $ 105,938.86
------------------
(c) Total $ 165,367.10
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 31,518.68
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 0.00
------------------
(b) Interest $ 2,039.07
------------------
(c) Total $ 2,039.07
------------------
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 $ 360,299.61
------------------
(b) Interest $ 951.57
------------------
(c) Total $ 361,251.18
------------------
12. Pool Scheduled Principal Balance: $ 110,342,218.50
-----------------
13. Available Funds: $ 1,359,495.11
-----------------
14. Realized Losses for prior month: $ 0.00
-----------------
15. Aggregate Realized Losse
(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: $ 170.81
------------------
18. Total interest payments: $ 600,230.07
------------------
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 $ 34,569.96 $ 0.00 $ 34,569.96 % 0.404508217
3A $ 586,263.14 $ 0.00 $ 586,263.14 % 6.500000010
3M $ 6,206.77 $ 0.00 $ 6,206.77 % 6.500004940
3B1 $ 3,100.70 $ 0.00 $ 3,100.70 % 6.499999240
3B2 $ 1,550.35 $ 0.00 $ 1,550.35 % 6.499999127
3B3 $ 1,244.57 $ 0.00 $ 1,244.57 % 6.499990643
3B4 $ 928.06 $ 0.00 $ 928.06 % 6.499969796
3B5 $ 936.48 $ 0.00 $ 936.48 % 6.499965614
3R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
20. Principal Distribution Amount: $ 759,265.04
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 3PO $ 1,064.42 $ 0.00
Class SUP3 $ 0.00 $ 0.00
Class 3A $ 749,673.81 $ 0.00
Class 3M $ 3,789.23 $ 0.00
Class 3B1 $ 1,892.98 $ 0.00
Class 3B2 $ 946.49 $ 0.00
Class 3B3 $ 759.81 $ 0.00
Class 3B4 $ 566.58 $ 0.00
Class 3B5 $ 571.72 $ 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: $ 21,802.70
-------------
3. Supplemental Servicing Fee amount: $ 34,569.96
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category A Category B Category C
5. Senior Percentage: % N/A N/A N/A N/A
---- ---- -------- -------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
---- ---- -------- -------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
---- ---- -------- -------
8. Senior Prepayment Percentage:
% N/A N/A N/A N/A
---- ---- -------- -------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
---- ---- -------- -------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
---- ---- -------- -------
11. Junior Percentage: % N/A
----
12. Junior Prepayment Percentage:
% N/A
----
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.34
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
October, 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 % 7.109773
------------------------
Weighted average maturity 173.54
------------------------
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 $ 3.63439568 $ 0.19783252 $ 0.00000000 % 0.00000000
SUP3 $ 0.00000000 $ 0.00000000 $ 0.32285264 % 0.40450822
3A $ 6.64500395 $ 3.47250903 $ 5.19655460 % 6.50000001
3M $ 3.27504754 $ 0.00000000 $ 5.36453760 % 6.50000494
3B1 $ 3.27505190 $ 0.00000000 $ 5.36453287 % 6.49999924
3B2 $ 3.27505190 $ 0.00000000 $ 5.36453287 % 6.49999913
3B3 $ 3.27504310 $ 0.00000000 $ 5.36452586 % 6.49999064
3B4 $ 3.27502890 $ 0.00000000 $ 5.36450867 % 6.49996980
3B5 $ 3.27502443 $ 0.00000000 $ 5.36450514 % 6.49996561
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:
$ 21,802.70
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 110,342,218.50
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 355
-----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
3PO $ 289,776.35 $ 288,711.93 $ 985.79 GE98113PO
SUP3 $ 102,554,040.26 $ 101,825,987.67 $ 950.96 G9811SUP3
3A $ 108,233,194.91 $ 107,483,521.10 $ 952.72 36157RKW4
3M $ 1,145,864.36 $ 1,142,075.13 $ 987.10 36157RKX2
3B1 $ 572,436.99 $ 570,544.01 $ 987.10 36157RKY0
3B2 $ 286,218.50 $ 285,272.01 $ 987.10 36157RKZ7
3B3 $ 229,767.10 $ 229,007.29 $ 987.10 36157RLA1
3B4 $ 171,334.95 $ 170,768.36 $ 987.10 36157RLB9
3B5 $ 172,889.53 $ 172,317.81 $ 987.10 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 1 Principal Balance $ 346,493.32
-------- ---------------
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: % 0.40450822
------------
Exhibit 99.35
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
OCTOBER 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: $1,713,047.98
-----------
(2) Aggregate Monthly Payments
received and Monthly Advances
made this Month:
(a) Principal $255,752.40
-----------
(b) Interest $1,489,943.55
-----------
(c) Total $1,745,695.95
-----------
(3) Aggregate Principal Prepayments in part received on Self-
Amortizing Mortgage Loans and applied in the applicable
Prepayment Period:
(a) Principal $41,712.98
--------
(c) Total $41,712.98
--------
(4) Aggregate Principal Prepayments
in full received in
the applicable Prepayment
period:
(a) Principal $2,398,852.29
-----------
(b) Interest $11,021.41
-----------
(c) Total $2,409,873.70
-----------
(5) Aggregate Insurance Proceeds (inculding purchases of Mortgage
Loans by primary mortgage insurers) for
prior month:
(a) Principal $0.00
----------
(b) Interest $0.00
----------
(c) Total $0.00
----------
(6) Aggregate Liquidation Proceeds for prior month:
(a) Principal $0.00
----------
(b) Interest $0.00
----------
(c) Total $0.00
----------
(7) Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $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 $189,617,041.06
-------------
(11) Available Funds: $4,114,950.99
-------------
(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: $1,854.48
---------
(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 8.978%
------
Class B4 8.978%
------
Class B5 8.978%
------
Class S 2.56%
------
(20) Accrued Certificate Interest and Pay-out Rate:
Class A1 $290,482.63 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 $404,650.31 2.56%
-------------------------
Class M $26,859.73 6.660%
-------------------------
Class B1 $25,063.60 6.905%
-------------------------
Class B2 $12,094.64 7.495%
-------------------------
Class B3 $14,487.56 8.978%
-------------------------
Class B4 $10,867.53 8.978%
-------------------------
Class B5 $10,872.90 8.978%
-------------------------
Total $1,418,633.32
(21) Principal distributable:
Class A1 $2,674,772.13
-----------
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 $6,527.56
-----------
Class B1 $5,874.94
-----------
Class B2 $2,611.83
-----------
Class B3 $2,611.83
-----------
Class B4 $1,959.21
-----------
Class B5 $1,960.17
-----------
Class R1 $0.00
-----------
Class R2 $0.00
-----------
Total $2,696,317.67
(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 91.575624%
----------
2) Senior Prepayment Percentage
for such Distribution Date 100.00%
----------
3) Junior Percentage for such
Distribution Date 8.424376%
----------
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 99.36
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
OCTOBER 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 $44.95415339
-----------------------
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 $1.34284323
-----------------------
Class B1 $1.34284323
-----------------------
Class B2 $1.34284323
-----------------------
Class B3 $1.34284323
-----------------------
Class B4 $1.34284323
-----------------------
Class B5 $1.34284323
-----------------------
Class R1 $0.00000000
-----------------------
Class R2 $0.00000000
-----------------------
(2) Aggregate Principal prepayments included in distribution:
Class A1 $2,440,565.27
---------------------
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 $4.88206100 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 $2.13403979 2.56%
-----------------------------
Class M $5.52555548 6.660%
-----------------------------
Class B1 $5.72882291 6.905%
-----------------------------
Class B2 $6.21832407 7.495%
-----------------------------
Class B3 $7.44861887 8.978%
-----------------------------
Class B4 $7.44861887 8.978%
-----------------------------
Class B5 $7.44861887 8.978%
-----------------------------
(4) Servicing Compensation: $91,021.81
---------------
The amounts below are for the aggregate of all Certificates:
(5) Pool Principal Balance; $189,617,041.06
---------------
number of Mortgage
Loans: 2,683
---------------
(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 $52,090,216.92 $875.46583056
--------------------------------------
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 $4,833,062.56 $994.25273857
--------------------------------------
Class B1 $4,349,855.73 $994.25273857
--------------------------------------
Class B2 $1,933,821.58 $994.25273857
--------------------------------------
Class B3 $1,933,821.58 $994.25273857
--------------------------------------
Class B4 $1,450,614.75 $994.25273857
--------------------------------------
Class B5 $1,451,330.28 $994.25273857
--------------------------------------
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 $2,187,174.42
-----------
35
-----------
Two Payments Delinquent $51,908.22
-----------
1
-----------
Three or more Payments Delinquent $419,532.76
-----------
4
-----------
TOTAL $2,658,615.40
-----------
40
-----------
In foreclosure $554,464.61
-----------
7
-----------
(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 8.978%
---------
Class B4 8.978%
---------
Class B5 8.978%
---------
Class S 2.56%
---------
(12) Senior Percentage for such 91.575624%
---------
Distribution Date
(13) Senior Prepayment Percentage
for such Distribution Date 100.00%
---------
(14) Junior Percentage for such
Distribution Date 8.424376%
---------
(15) Junior Prepayment Percentage
for such Distribution Date 0.00%
---------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
- -------------------------------------------------
Name: Tim Neer
Title: Vice President of Investor Operations
Exhibit 99.37
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
October, 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 $ 310,550.37
------------------
(b) Interest $ 2,398,684.18
------------------
(c) Total $ 2,709,234.55
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 261,102.98
------------------
(b) Interest $ 2,042,418.91
------------------
(c) Total $ 2,303,521.89
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 49,447.39
------------------
(b) Interest $ 356,265.27
------------------
(c) Total $ 405,712.66
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 59,888.90
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 4,078,280.63
------------------
(b) Interest $ 25,530.45
------------------
(c) Total $ 4,103,811.08
------------------
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: $ 390,216,288.33
-----------------
13. Available Funds: $ 6,663,893.66
-----------------
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: $ 2,536.27
------------------
18. Total interest payments: $ 2,215,173.75
------------------
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 $ 520,152.24 $ 0.00 $ 520,152.24 % 6.749999989
1A8 $ 193,503.37 $ 0.00 $ 193,503.37 % 6.249999919
1A9 $ 69,661.21 $ 0.00 $ 69,661.21 % 8.678570914
1A10 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A11 $ 139,353.74 $ 0.00 $ 139,353.74 % 6.512500086
1A12 $ 53,227.24 $ 0.00 $ 53,227.24 % 7.462499504
1A13 $ 112,645.46 $ 0.00 $ 112,645.46 % 6.749999736
1A14 $ 3,489.93 $ 0.00 $ 0.00 % 6.749990644
1R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1RL $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1M $ 41,627.52 $ 0.00 $ 41,627.52 % 6.750000201
1B1 $ 18,002.83 $ 0.00 $ 18,002.83 % 6.749998210
1B2 $ 10,126.07 $ 0.00 $ 10,126.07 % 6.750001321
1B3 $ 9,002.82 $ 0.00 $ 9,002.82 % 6.749998918
1B4 $ 4,498.60 $ 0.00 $ 4,498.60 % 6.749996127
1B5 $ 6,755.60 $ 0.00 $ 6,755.60 % 6.749995704
20. Principal Distribution Amount: $ 4,448,719.91
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class PO1 $ 932.40 $ 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 $ 525,708.99 $ 0.00
Class 1A8 $ 848,769.13 $ 0.00
Class 1A9 $ 220,051.25 $ 0.00
Class 1A10 $ 0.00 $ 0.00
Class 1A11 $ 2,042,470.29 $ 0.00
Class 1A12 $ 680,823.43 $ 0.00
Class 1A13 $ 113,848.84 $ 0.00
Class 1A14 $ 7,017.15 $ 3,489.93
Class SUP1 $ 0.00 $ 0.00
Class 1R $ 0.00 $ 0.00
Class 1RL $ 0.00 $ 0.00
Class 1M $ 5,821.60 $ 0.00
Class 1B1 $ 2,517.69 $ 0.00
Class 1B2 $ 1,416.13 $ 0.00
Class 1B3 $ 1,259.04 $ 0.00
Class 1B4 $ 629.13 $ 0.00
Class 1B5 $ 944.77 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
------------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
------------------
24. Subordinate Certificate Writedown Amount: $ 0.00
------------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
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 % 6.24999992
Class 1A9 % 8.67857091
Class 1A11 % 6.51250009
Class 1A12 % 7.46249950
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: $ 80,853.63
-------------
3. Supplemental Servicing Fee amount: $ 127,353.16
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category Category Category
A B C
5. Senior Percentage: % 95.936506 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: % 4.063494
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.38
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
October, 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 % 7.374577
----------------------
Weighted average maturity 354.24
----------------------
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 $ 1.08491202 $ 0.20173965 $ 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 $ 5.63636061 $ 5.25866765 $ 5.57678421 % 6.74999999
1A8 $ 22.21779656 $ 20.72898043 $ 5.06523901 % 6.24999992
1A9 $ 22.21779596 $ 20.72898088 $ 7.03344585 % 8.67857091
1A10 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
1A11 $ 72.06577893 $ 67.23664594 $ 4.91690668 % 6.51250009
1A12 $ 72.06577893 $ 67.23664558 $ 5.63415174 % 7.46249950
1A13 $ 5.63636022 $ 5.25866726 $ 5.57678400 % 6.74999974
1A14 $ 5.63636451 $ 10.46176316 $ 5.57677649 % 6.74999064
1R $ 0.00000000 $ 0.00000000 $ 4.80000000 % 0.00000000
1RL $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
1M $ 0.78542903 $ 0.00000000 $ 5.61623314 % 6.75000020
1B1 $ 0.78542817 $ 0.00000000 $ 5.61623148 % 6.74999821
1B2 $ 0.78542984 $ 0.00000000 $ 5.61623405 % 6.75000132
1B3 $ 0.78542732 $ 0.00000000 $ 5.61623206 % 6.74999892
1B4 $ 0.78543071 $ 0.00000000 $ 5.61622971 % 6.74999613
1B5 $ 0.78542913 $ 0.00000000 $ 5.61622937 % 6.74999570
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
1A14 $ 3,489.93
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 80,853.63
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 390,216,288.33
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,232
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
PO1 $ 856,380.07 $ 855,447.67 $ 995.37
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 $ 92,471,509.49 $ 91,945,800.50 $ 985.79 36157RLU7
1A8 $ 37,152,647.52 $ 36,303,878.39 $ 950.31 36157RLV5
1A9 $ 9,632,167.88 $ 9,412,116.62 $ 950.31 36157RLW3
1A10 $ 0.00 $ 0.00 $ 0.00 36157RLX1
1A11 $ 25,677,464.23 $ 23,634,993.95 $ 833.93 36157RLY9
1A12 $ 8,559,154.74 $ 7,878,331.32 $ 833.93 36157RLZ6
1A13 $ 20,025,860.34 $ 19,912,011.50 $ 985.79 36157RMA0
1A14 $ 620,432.86 $ 616,905.64 $ 985.79 36157RMB8
SUP1 $ 355,214,167.43 $ 350,809,148.38 $ 972.06
1R $ 0.00 $ 0.00 $ 0.00 36157RMF9
1RL $ 0.00 $ 0.00 $ 0.00 36157RMG7
1M $ 7,400,447.78 $ 7,394,626.18 $ 997.66 36157RMC6
1B1 $ 3,200,503.96 $ 3,197,986.27 $ 997.66 36157RMD4
1B2 $ 1,800,189.87 $ 1,798,773.75 $ 997.66 36157RME2
1B3 $ 1,600,501.59 $ 1,599,242.55 $ 997.66 36157RNY7
1B4 $ 799,751.57 $ 799,122.45 $ 997.66 36157RNZ4
1B5 $ 1,200,996.32 $ 1,200,051.56 $ 997.66 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 7 Principal Balance $ 2,507,354.96
-------- ---------------
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 % 6.24999992
1A9 % 8.67857091
1A11 % 6.51250009
1A12 % 7.46249950
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
October, 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 $ 147,097.72
------------------
(b) Interest $ 1,172,618.70
------------------
(c) Total $ 1,319,716.42
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 136,344.27
------------------
(b) Interest $ 1,086,177.24
------------------
(c) Total $ 1,222,521.51
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 10,753.45
------------------
(b) Interest $ 86,441.46
------------------
(c) Total $ 97,194.91
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 26,415.97
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 5,082,218.77
------------------
(b) Interest $ 31,045.47
------------------
(c) Total $ 5,113,264.24
------------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
------------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
------------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
12. Pool Scheduled Principal Balance: $ 188,806,642.16
-----------------
13. Available Funds: $ 6,346,692.89
-----------------
14. Realized Losses for prior month: $ 0.00
-----------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
------------------
17. Compensating Interest Payment: $ 2,031.69
------------------
18. Total interest payments: $ 1,090,960.42
------------------
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 $ 359,513.90 $ 0.00 $ 359,513.90 % 6.249999921
2A5 $ 100,663.66 $ 0.00 $ 100,663.66 % 9.086517405
2A6 $ 28,761.11 $ 0.00 $ 28,761.11 % 7.499999381
2A7 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2A8 $ 5,506.43 $ 0.00 $ 0.00 % 6.750001785
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 $ 20,797.88 $ 0.00 $ 20,797.88 % 6.750000984
2B1 $ 8,435.97 $ 0.00 $ 8,435.97 % 6.749996894
2B2 $ 4,498.81 $ 0.00 $ 4,498.81 % 6.749997590
2B3 $ 4,498.81 $ 0.00 $ 4,498.81 % 6.749997590
2B4 $ 2,252.21 $ 0.00 $ 2,252.21 % 6.749987843
2B5 $ 4,499.27 $ 0.00 $ 4,499.27 % 6.750007276
20. Principal Distribution Amount: $ 5,255,732.47
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class PO2 $ 103.79 $ 0.00
Class 2A1 $ 0.00 $ 0.00
Class 2A2 $ 0.00 $ 0.00
Class 2A3 $ 0.00 $ 0.00
Class 2A4 $ 4,173,147.09 $ 0.00
Class 2A5 $ 803,717.22 $ 0.00
Class 2A6 $ 278,209.81 $ 0.00
Class 2A7 $ 0.00 $ 0.00
Class 2A8 $ 0.00 $ 5,506.43
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 $ 2,802.30 $ 0.00
Class 2B1 $ 1,136.66 $ 0.00
Class 2B2 $ 606.17 $ 0.00
Class 2B3 $ 606.17 $ 0.00
Class 2B4 $ 303.46 $ 0.00
Class 2B5 $ 606.23 $ 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 % 6.24999992
Class 2A5 % 9.08651741
Class 2A6 % 7.49999938
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: $ 41,576.71
-------------
3. Supplemental Servicing Fee amount: $ 73,189.57
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category Category Category
A B C
5. Senior Percentage: % 95.876758 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: % 4.123242
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.40
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
October, 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 % 7.450579
------------------------
Weighted average maturity 354.76
------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
PO2 $ 0.91016714 $ 0.01403090 $ 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 $ 59.90736563 $ 58.29903948 $ 5.16098048 % 6.24999992
2A5 $ 59.90736583 $ 58.29903921 $ 7.50325432 % 9.08651741
2A6 $ 59.90736649 $ 58.29903962 $ 6.19317614 % 7.49999938
2A7 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
2A8 $ 0.00000000 $ 0.00000000 $ 5.68846074 % 6.75000179
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 $ 0.75676479 $ 0.00000000 $ 5.61649473 % 6.75000098
2B1 $ 0.75676431 $ 0.00000000 $ 5.61649134 % 6.74999689
2B2 $ 0.75676654 $ 0.00000000 $ 5.61649189 % 6.74999759
2B3 $ 0.75676654 $ 0.00000000 $ 5.61649189 % 6.74999759
2B4 $ 0.75675810 $ 0.00000000 $ 5.61648379 % 6.74998784
2B5 $ 0.75676516 $ 0.00000000 $ 5.61649996 % 6.75000728
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
2A8 $ 5,506.43
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 41,576.71
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 188,806,642.16
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 591
-----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
PO2 $ 113,811.60 $ 113,707.81 $ 997.14
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 $ 69,026,669.67 $ 64,853,522.58 $ 931.00 36157RML6
2A5 $ 13,294,025.27 $ 12,490,308.05 $ 931.00 36157RMM4
2A6 $ 4,601,777.98 $ 4,323,568.17 $ 931.00 36157RMN2
2A7 $ 0.00 $ 0.00 $ 0.00 36157RMP7
2A8 $ 978,920.63 $ 984,427.06 $ 1,016.97 36157RMQ5
2A9 $ 31,800,000.00 $ 31,800,000.00 $ 1,000.00 36157RMR3
SUP2 $ 188,732,018.25 $ 183,481,028.30 $ 941.50
2R $ 100.00 $ 100.00 $ 1,000.00 36157RMV4
2RL $ 100.00 $ 100.00 $ 1,000.00 36157RMW2
2M $ 3,697,400.35 $ 3,694,598.05 $ 997.73 36157RMS1
2B1 $ 1,499,728.69 $ 1,498,592.03 $ 997.73 36157RMT9
2B2 $ 799,788.73 $ 799,182.57 $ 997.73 36157RMU6
2B3 $ 799,788.73 $ 799,182.57 $ 997.73 36157RPB5
2B4 $ 400,393.61 $ 400,090.15 $ 997.73 36157RPC3
2B5 $ 799,869.36 $ 799,263.13 $ 997.73 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 2 Principal Balance $ 710,387.13
-------- ---------------
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 % 6.24999992
2A5 % 9.08651741
2A6 % 7.49999938
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
October, 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 $ 564,421.82
-----------------
(b) Interest $ 998,622.01
-----------------
(c) Total $ 1,563,043.83
-----------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 314,510.41
-----------------
(b) Interest $ 566,212.48
-----------------
(c) Total $ 880,722.89
-----------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 249,911.41
-----------------
(b) Interest $ 432,409.53
-----------------
(c) Total $ 682,320.94
-----------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 262,332.36
-----------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 1,228,919.14
-----------------
(b) Interest $ 7,164.90
-----------------
(c) Total $ 1,236,084.04
-----------------
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: $ 169,462,194.33
----------------
13. Available Funds: $ 2,981,247.13
----------------
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: $ 1,603.59
------------------
18. Total interest payments: $ 925,573.80
------------------
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 $ 197,559.13 $ 0.00 $ 197,559.13 % 6.499999941
3A2 $ 12,458.33 $ 0.00 $ 12,458.33 % 6.499998261
3A3 $ 53,816.63 $ 0.00 $ 53,816.63 % 6.499999939
3A4 $ 642,795.99 $ 0.00 $ 642,795.99 % 6.499999971
SUP3 $ 44,047.53 $ 0.00 $ 44,047.53 % 0.353341568
3R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
3M $ 7,103.89 $ 0.00 $ 7,103.89 % 6.500002997
3B1 $ 2,367.96 $ 0.00 $ 2,367.96 % 6.500003660
3B2 $ 2,367.96 $ 0.00 $ 2,367.96 % 6.500003660
3B3 $ 4,262.33 $ 0.00 $ 4,262.33 % 6.499998532
3B4 $ 1,420.78 $ 0.00 $ 1,420.78 % 6.500021960
3B5 $ 1,420.80 $ 0.00 $ 1,420.80 % 6.500008883
20. Principal Distribution Amount: $ 2,055,673.33
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class PO3 $ 2,379.18 $ 0.00
Class 3A1 $ 561,481.89 $ 0.00
Class 3A2 $ 0.00 $ 0.00
Class 3A3 $ 32,688.94 $ 0.00
Class 3A4 $ 1,447,616.65 $ 0.00
Class SUP3 $ 0.00 $ 0.00
Class 3R $ 0.00 $ 0.00
Class 3M $ 4,315.00 $ 0.00
Class 3B1 $ 1,438.33 $ 0.00
Class 3B2 $ 1,438.33 $ 0.00
Class 3B3 $ 2,589.00 $ 0.00
Class 3B4 $ 863.00 $ 0.00
Class 3B5 $ 863.01 $ 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: $ 36,132.29
-------------
3. Supplemental Servicing Fee amount: $ 44,047.53
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category Category Category
A B C
5. Senior Percentage: % 97.953301 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: % 2.046699
-----------
12. Junior Prepayment Percentage:
%100.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.42
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
October, 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 % 7.040266
------------------------
Weighted average maturity 174.01
------------------------
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 $ 3.58261681 $ 0.24582511 $ 0.00000000 %0.00000000
3A1 $ 14.89341883 $ 10.87645119 $ 5.24029523 %6.49999994
3A2 $ 0.00000000 $ 0.00000000 $ 5.41666522 %6.49999826
3A3 $ 3.26889400 $ 2.38722700 $ 5.38166300 %6.49999994
3A4 $ 11.88342639 $ 8.67829662 $ 5.27668622 %6.49999997
SUP3 $ 0.00000000 $ 0.00000000 $ 0.28661775 %0.35334157
3R $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
3M $ 3.26889729 $ 0.00000000 $ 5.38166554 %6.50000300
3B1 $ 3.26889467 $ 0.00000000 $ 5.38166612 %6.50000366
3B2 $ 3.26889467 $ 0.00000000 $ 5.38166612 %6.50000366
3B3 $ 3.26889812 $ 0.00000000 $ 5.38166185 %6.49999853
3B4 $ 3.26890225 $ 0.00000000 $ 5.38168127 %6.50002196
3B5 $ 3.26888750 $ 0.00000000 $ 5.38167039 %6.50000888
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:
$ 36,132.29
------------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 169,462,194.33
------------------
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
- ----- ------- ----------------- ------- -----
PO3 $ 642,705.19 $ 640,326.01 $ 964.22
3A1 $ 36,472,455.10 $ 35,910,973.21 $ 952.55 36157RMX0
3A2 $ 2,300,000.00 $ 2,300,000.00 $ 1,000.00 36157RMY8
3A3 $ 9,935,377.94 $ 9,902,689.01 $ 990.27 36157RMZ5
3A4 $ 118,670,029.46 $ 117,222,412.81 $ 962.27 36157RNA9
SUP3 $ 149,591,898.43 $ 147,616,116.66 $ 960.54
3R $ 0.00 $ 0.00 $ 0.00 36157RNE1
3M $ 1,311,486.78 $ 1,307,171.78 $ 990.27 36157RNB7
3B1 $ 437,161.60 $ 435,723.27 $ 990.27 36157RNC5
3B2 $ 437,161.60 $ 435,723.27 $ 990.27 36157RND3
3B3 $ 786,891.87 $ 784,302.87 $ 990.27 36157RPE9
3B4 $ 262,296.96 $ 261,433.96 $ 990.27 36157RPF6
3B5 $ 262,301.18 $ 261,438.17 $ 990.27 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 3 Principal Balance $ 690,730.79
-------- ---------------
2. 60-89 days
Number 2 Principal Balance $ 436,855.63
-------- ---------------
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:% 0.35334157
-----------
Exhibit 99.43
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
October, 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 $ 153,679.31
---------------
(b) Interest $ 1,200,363.41
---------------
(c) Total $ 1,354,042.72
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 139,246.69
---------------
(b) Interest $ 1,094,827.69
---------------
(c) Total $ 1,234,074.38
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 14,432.62
---------------
(b) Interest $ 105,535.72
---------------
(c) Total $ 119,968.34
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 33,262.53
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 3,025,709.48
---------------
(b) Interest $ 18,660.98
---------------
(c) Total $ 3,044,370.46
---------------
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: $ 195,440,796.14
---------------
13. Available Funds: $ 4,328,228.82
---------------
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: $ 742.81
---------------
18. Total interest payments: $ 1,115,577.51
---------------
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 $ 395,682.13 $ 0.00 $ 395,682.13 %6.750000049
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 $ 249,429.18 $ 0.00 $ 249,429.18 %6.749999918
4A6 $ 106,682.54 $ 0.00 $ 106,682.54 %6.750000071
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 $ 62,784.93 $ 0.00 $ 62,784.93 %0.414381044
4R $ 0.00 $ 0.00 $ 0.00 %0.000000000
4M $ 20,922.21 $ 0.00 $ 20,922.21 %6.750000998
4B1 $ 9,047.44 $ 0.00 $ 9,047.44 %6.750001879
4B2 $ 5,089.18 $ 0.00 $ 5,089.18 %6.749996203
4B3 $ 4,523.72 $ 0.00 $ 4,523.72 %6.750001837
4B4 $ 2,261.86 $ 0.00 $ 2,261.86 %6.750010314
4B5 $ 3,392.81 $ 0.00 $ 3,392.81 %6.749999018
20. Principal Distribution Amount: $ 3,212,651.31
---------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class PO4 $ 336.01 $ 0.00
Class 4A1 $ 1,671,594.42 $ 0.00
Class 4A2 $ 0.00 $ 0.00
Class 4A3 $ 0.00 $ 0.00
Class 4A4 $ 0.00 $ 0.00
Class 4A5 $ 899,647.64 $ 0.00
Class 4A6 $ 634,853.20 $ 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 $ 2,876.77 $ 0.00
Class 4B1 $ 1,244.01 $ 0.00
Class 4B2 $ 699.75 $ 0.00
Class 4B3 $ 622.00 $ 0.00
Class 4B4 $ 311.00 $ 0.00
Class 4B5 $ 466.51 $ 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: $ 40,080.26
----------
3. Supplemental Servicing Fee amount: $ 62,784.93
----------
4. Credit Losses for prior month: $ 0.00
----------
Category Category Category
A B C
5. Senior Percentage: % 95.944951 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: % 4.055049
-----------
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 99.44
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
October, 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 % 7.368732
--------------------
Weighted average maturity 355.50
--------------------
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
----- ----------- ----------- ----------- -----------
PO4 $ 1.02071132 $ 0.14164986 $ 0.00000000 % 0.00000000
4A1 $ 23.29748321 $ 22.22805519 $ 5.51473352 % 6.75000005
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 $ 19.94784124 $ 19.03217251 $ 5.53058049 % 6.74999992
4A6 $ 32.55657436 $ 31.06212513 $ 5.47089949 % 6.75000007
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 $ 0.34030364 % 0.41438104
4R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
4M $ 0.77223749 $ 0.00000000 $ 5.61633881 % 6.75000100
4B1 $ 0.77223862 $ 0.00000000 $ 5.61633954 % 6.75000188
4B2 $ 0.77223252 $ 0.00000000 $ 5.61633480 % 6.74999620
4B3 $ 0.77223241 $ 0.00000000 $ 5.61633954 % 6.75000184
4B4 $ 0.77223337 $ 0.00000000 $ 5.61634652 % 6.75001031
4B5 $ 0.77224408 $ 0.00000000 $ 5.61633714 % 6.74999902
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:
$ 40,080.26
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 195,440,796.14
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 628
----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
PO4 $ 328,556.07 $ 328,220.06 $ 997.05
4A1 $ 70,343,489.27 $ 68,671,894.84 $ 957.10 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 $ 44,342,965.87 $ 43,443,318.22 $ 963.27 36157RNK7
4A6 $ 18,965,784.69 $ 18,330,931.49 $ 940.05 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 $ 181,817,959.77 $ 178,622,659.42 $ 968.16
4R $ 0.00 $ 0.00 $ 0.00 36157RNX9
4M $ 3,719,503.45 $ 3,716,626.68 $ 997.69 36157RNU5
4B1 $ 1,608,433.33 $ 1,607,189.32 $ 997.69 36157RNV3
4B2 $ 904,743.62 $ 904,043.87 $ 997.69 36157RNW1
4B3 $ 804,216.67 $ 803,594.66 $ 997.69 36157RPH2
4B4 $ 402,107.83 $ 401,796.83 $ 997.69 36157RPJ8
4B5 $ 603,166.31 $ 602,699.81 $ 997.69 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 2 Principal Balance $ 607,362.90
-------- --------------
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: % 0.41438104
-----------
Exhibit 99.45
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
October, 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 $ 701,220.31
---------------
(b) Interest $ 5,429,895.99
---------------
(c) Total $ 6,131,116.30
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 620,988.19
---------------
(b) Interest $ 4,800,290.87
---------------
(c) Total $ 5,421,279.06
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 80,232.12
---------------
(b) Interest $ 629,605.12
---------------
(c) Total $ 709,837.24
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 299,549.53
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 7,625,672.10
---------------
(b) Interest $ 42,706.94
---------------
(c) Total $ 7,668,379.04
---------------
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: $ 886,707,150.43
---------------
13. Available Funds: $ 13,655,734.18
---------------
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: $ 7,319.52
---------------
18. Total interest payments: $ 5,029,292.26
---------------
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 $ 283,965.02 $ 0.00 $ 283,965.02 %6.750000075
A2 $ 163,736.44 $ 0.00 $ 163,736.44 %6.750000089
A3 $ 613,419.08 $ 0.00 $ 613,419.08 %6.750000003
A4 $ 558,136.70 $ 0.00 $ 558,136.70 %6.750000050
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 $ 178,060.46 $ 0.00 $ 178,060.46 %6.050000033
A11 $ 72,107.13 $ 0.00 $ 72,107.13 %2.450000067
A12 $ 331,734.41 $ 0.00 $ 331,734.41 %6.150000062
A13 $ 126,760.29 $ 0.00 $ 126,760.29 %9.064284739
A14 $ 324,160.10 $ 0.00 $ 324,160.10 %6.750000008
A15 $ 392,748.25 $ 0.00 $ 392,748.25 %6.250000038
A16 $ 82,895.60 $ 0.00 $ 82,895.60 %8.678570705
A17 $ 32,496.53 $ 0.00 $ 32,496.53 %8.269864746
A18 $ 25,997.22 $ 0.00 $ 25,997.22 %9.249999738
A19 $ 92,291.53 $ 0.00 $ 0.00 %6.750000083
A20 $ 200,008.34 $ 0.00 $ 200,008.34 %6.549999877
A21 $ 74,812.28 $ 0.00 $ 74,812.28 %7.349999877
A22 $ 150,551.47 $ 0.00 $ 150,551.47 %6.499999892
A23 $ 46,323.53 $ 0.00 $ 46,323.53 %7.714286190
A24 $ 215,971.88 $ 0.00 $ 215,971.88 %6.750000156
A25 $ 67,976.72 $ 0.00 $ 67,976.72 %6.550000120
A26 $ 25,426.41 $ 0.00 $ 25,426.41 %7.350001084
RL $ 0.00 $ 0.00 $ 0.00 %0.000000000
M $ 93,752.09 $ 0.00 $ 93,752.09 %6.749999871
B1 $ 40,541.60 $ 0.00 $ 40,541.60 %6.750000502
B2 $ 22,802.89 $ 0.00 $ 22,802.89 %6.749999452
B3 $ 20,270.80 $ 0.00 $ 20,270.80 %6.750000502
B4 $ 10,133.99 $ 0.00 $ 10,133.99 %6.749997273
B5 $ 15,204.68 $ 0.00 $ 15,204.68 %6.750001704
20. Principal Distribution Amount: $ 8,626,441.92
---------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 1,229.53 $ 0.00
Class A1 $ 722,574.85 $ 0.00
Class A2 $ 609,744.70 $ 0.00
Class A3 $ 1,303,556.98 $ 0.00
Class A4 $ 1,066,948.17 $ 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 $ 278,139.73 $ 0.00
Class A13 $ 72,110.30 $ 0.00
Class A14 $ 554,812.76 $ 0.00
Class A15 $ 80,088.32 $ 0.00
Class A16 $ 20,655.04 $ 0.00
Class A17 $ 63.31 $ 0.00
Class A18 $ 45.28 $ 0.00
Class A19 $ 3,980,545.88 $ 92,291.53
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 $ 0.00 $ 0.00
Class M $ 13,051.18 $ 0.00
Class B1 $ 5,643.77 $ 0.00
Class B2 $ 3,174.38 $ 0.00
Class B3 $ 2,821.89 $ 0.00
Class B4 $ 1,410.75 $ 0.00
Class B5 $ 2,116.63 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
---------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.03
---------------
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 % 6.05000003
Class A11 % 2.45000007
Class A12 % 6.15000006
Class A13 % 9.06428474
Class A15 % 6.25000004
Class A16 % 8.67857070
Class A17 % 8.26986475
Class A18 % 9.24999974
Class A20 % 6.54999988
Class A21 % 7.34999988
Class A22 % 6.49999989
Class A23 % 7.71428619
Class A25 % 6.55000012
Class A26 % 7.35000108
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: $ 172,310.38
-----------
3. Supplemental Servicing Fee amount: $ 266,957.67
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.969492 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: % 4.030508
-----------
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 99.46
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
October, 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 % 7.345996
---------------------
Weighted average maturity 355.97
---------------------
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 $ 0.99282628 $ 0.10850975 $ 0.00000000 % 0.00000000
A1 $ 14.16591221 $ 13.05876117 $ 5.56706830 % 6.75000008
A2 $ 20.63294193 $ 19.02035395 $ 5.54062128 % 6.75000009
A3 $ 11.85051800 $ 10.92432900 $ 5.57653709 % 6.75000000
A4 $ 10.66948170 $ 9.83559780 $ 5.58136700 % 6.75000005
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 $ 5.04166669 % 6.05000003
A11 $ 0.00000000 $ 0.00000000 $ 2.04166672 % 2.45000007
A12 $ 4.28180014 $ 3.94715191 $ 5.10685922 % 6.15000006
A13 $ 4.28180006 $ 3.94715185 $ 7.52683343 % 9.06428474
A14 $ 9.57861883 $ 8.82999240 $ 5.59649356 % 6.75000001
A15 $ 1.05929938 $ 0.97650881 $ 5.19473972 % 6.25000004
A16 $ 1.79406236 $ 1.65384522 $ 7.20017372 % 8.67857070
A17 $ 0.01342574 $ 0.01237814 $ 6.89132597 % 8.26986475
A18 $ 0.01342535 $ 0.01237872 $ 7.70807810 % 9.24999974
A19 $203.21178792 $ 191.77602070 $ 4.82343107 % 6.75000008
A20 $ 0.00000000 $ 0.00000000 $ 5.45833323 % 6.54999988
A21 $ 0.00000000 $ 0.00000000 $ 6.12499990 % 7.34999988
A22 $ 0.00000000 $ 0.00000000 $ 5.41666658 % 6.49999989
A23 $ 0.00000000 $ 0.00000000 $ 6.42857183 % 7.71428619
A24 $ 0.00000000 $ 0.00000000 $ 5.62500013 % 6.75000016
A25 $ 0.00000000 $ 0.00000000 $ 5.45833343 % 6.55000012
A26 $ 0.00000000 $ 0.00000000 $ 6.12500090 % 7.35000108
RL $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
M $ 0.78244484 $ 0.00000000 $ 5.62062890 % 6.74999987
B1 $ 0.78244420 $ 0.00000000 $ 5.62062942 % 6.75000050
B2 $ 0.78244516 $ 0.00000000 $ 5.62062854 % 6.74999945
B3 $ 0.78244558 $ 0.00000000 $ 5.62062942 % 6.75000050
B4 $ 0.78244592 $ 0.00000000 $ 5.62062673 % 6.74999727
B5 $ 0.78244297 $ 0.00000000 $ 5.62063043 % 6.75000170
2. Unanticipated Recoveries: $ 0.00
--------------
B. Accrual Amount
1.
Accrual Amount
Class
A19 $ 92,291.53
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 172,310.38
----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 886,707,150.43
----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 2,674
----------------
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 36157RQN8
PO $ 1,237,195.07 $ 1,235,965.54 $ 998.02 GEC9813PO
A1 $ 50,482,669.66 $ 49,760,094.82 $ 975.54 36157RPL3
A2 $ 29,108,700.06 $ 28,498,955.35 $ 964.37 36157RPM1
A3 $ 109,052,280.84 $ 107,748,723.86 $ 979.53 36157RPN9
A4 $ 99,224,301.48 $ 98,157,353.31 $ 981.57 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 $ 64,728,664.71 $ 64,450,524.98 $ 992.18 36157RPX7
A13 $ 16,781,505.92 $ 16,709,395.62 $ 992.18 36157RPY5
A14 $ 57,628,462.15 $ 57,073,649.39 $ 985.35 36157RPZ2
A15 $ 75,407,663.54 $ 75,327,575.21 $ 996.33 36157RQA6
A16 $ 11,462,108.61 $ 11,441,453.57 $ 993.79 36157RQB4
A17 $ 4,715,414.00 $ 4,715,350.68 $ 999.95 36157RQC2
A18 $ 3,372,612.42 $ 3,372,567.14 $ 999.95 36157RQD0
A19 $ 16,407,382.91 $ 12,519,128.56 $ 654.29 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 $ 838,519,679.26 $ 829,948,929.74 $ 982.49 GE9813SUP
RL $ 0.00 $ 0.00 $ 0.00 36157RQP3
M $ 16,667,038.54 $ 16,653,987.36 $ 998.44 36157RQQ1
B1 $ 7,207,395.02 $ 7,201,751.25 $ 998.44 36157RQR9
B2 $ 4,053,847.44 $ 4,050,673.06 $ 998.44 36157RQS7
B3 $ 3,603,697.51 $ 3,600,875.62 $ 998.44 36157RQT5
B4 $ 1,801,598.95 $ 1,800,188.20 $ 998.44 36157RQU2
B5 $ 2,703,053.54 $ 2,700,936.90 $ 998.44 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 41 Principal Balance $ 13,200,141.08
-------- ---------------
2. 60-89 days
Number 3 Principal Balance $ 898,798.38
-------- ---------------
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 % 6.05000003
A11 % 2.45000007
A12 % 6.15000006
A13 % 9.06428474
A15 % 6.25000004
A16 % 8.67857070
A17 % 8.26986475
A18 % 9.24999974
A20 % 6.54999988
A21 % 7.34999988
A22 % 6.49999989
A23 % 7.71428619
A25 % 6.55000012
A26 % 7.35000108
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 99.47
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
October, 1998
Series 1998-14, 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 $ 413,889.54
---------------
(b) Interest $ 3,183,410.52
---------------
(c) Total $ 3,597,300.06
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 325,018.72
---------------
(b) Interest $ 2,489,028.27
---------------
(c) Total $ 2,814,046.99
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 88,870.82
---------------
(b) Interest $ 694,382.25
---------------
(c) Total $ 783,253.07
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 350,371.35
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 4,650,630.01
---------------
(b) Interest $ 30,161.28
---------------
(c) Total $ 4,680,791.29
---------------
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 $ 1,785.62
---------------
(c) Total $ 1,785.62
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 313,411.34
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 313,411.34
---------------
12. Pool Scheduled Principal Balance: $ 520,183,329.59
---------------
13. Available Funds: $ 8,681,685.87
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
----------------
17. Compensating Interest Payment: $ 3,194.55
----------------
18. Total interest payments: $ 2,953,383.63
----------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.34 $ 0.00 $ 0.34 % 41.600000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A1 $ 341,244.79 $ 0.00 $ 341,244.79 % 6.249999969
A2 $ 412,792.33 $ 0.00 $ 412,792.33 % 6.349999949
A3 $ 13,610.17 $ 0.00 $ 13,610.17 % 6.350001555
A4 $ 204,224.58 $ 0.00 $ 204,224.58 % 6.499999894
A5 $ 188,559.05 $ 0.00 $ 188,559.05 % 6.647999922
A6 $ 38,347.15 $ 0.00 $ 38,347.15 % 7.300800419
A9 $ 43,509.38 $ 0.00 $ 0.00 % 6.750000776
A10 $ 398,300.63 $ 0.00 $ 398,300.63 % 6.750000085
A11 $ 127,125.83 $ 0.00 $ 127,125.83 % 6.199999837
A12 $ 541,666.67 $ 0.00 $ 541,666.67 % 6.500000040
A7 $ 516,000.00 $ 0.00 $ 172,250.00 % 8.256000000
A8 $ 9,669.38 $ 0.00 $ 9,669.38 % 6.750003490
RL $ 0.34 $ 0.00 $ 0.34 % 6.800000000
M $ 54,727.68 $ 0.00 $ 54,727.68 % 6.750000231
B1 $ 23,666.02 $ 0.00 $ 23,666.02 % 6.749999109
B2 $ 13,310.40 $ 0.00 $ 13,310.40 % 6.750000951
B3 $ 11,833.01 $ 0.00 $ 11,833.01 % 6.750000713
B4 $ 5,916.50 $ 0.00 $ 5,916.50 % 6.749995009
B5 $ 8,877.64 $ 0.00 $ 8,877.64 % 6.749999663
20. Principal Distribution Amount: $ 5,728,302.24
---------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 60.00 $ 0.00
Class PO $ 920.82 $ 0.00
Class A1 $ 336,138.88 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 0.00 $ 0.00
Class A4 $ 129,778.84 $ 0.00
Class A5 $ 3,537,415.38 $ 0.00
Class A6 $ 655,076.92 $ 0.00
Class A9 $ 157,127.26 $ 43,509.38
Class A10 $ 802,323.11 $ 0.00
Class A11 $ 126,233.57 $ 0.00
Class A12 $ 352,521.52 $ 0.00
Class A7 $ 0.00 $ 343,750.00
Class A8 $ 1,352.60 $ 0.00
Class SUP $ 0.00 $ 0.00
Class RL $ 60.00 $ 0.00
Class M $ 7,655.56 $ 0.00
Class B1 $ 3,310.51 $ 0.00
Class B2 $ 1,861.92 $ 0.00
Class B3 $ 1,655.26 $ 0.00
Class B4 $ 827.63 $ 0.00
Class B5 $ 1,241.84 $ 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:
$ 1.74
---------------
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 A5 % 6.64799992
Class A6 % 7.30080042
BOther Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 42,733.11
-----------
3. Supplemental Servicing Fee amount: $ 153,568.31
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.993364 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: % 4.006636
-----------
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 99.48
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
October, 1998
Series 1998-14, 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 % 7.340778
-------------------------
Weighted average maturity 355.59
-------------------------
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 $ 930.50000000 $ 34.66666667 % 41.60000000
PO $ 1.06372631 $ 0.18917467 $ 0.00000000 % 0.00000000
A1 $ 5.13040309 $ 4.77413010 $ 5.20833331 % 6.24999997
A2 $ 0.00000000 $ 0.00000000 $ 5.29166662 % 6.34999995
A3 $ 0.00000000 $ 0.00000000 $ 5.29166796 % 6.35000156
A4 $ 3.44213564 $ 3.20310188 $ 5.41666658 % 6.49999989
A5 $ 103.93179737 $ 96.71441268 $ 5.53999994 % 6.64799992
A6 $ 103.93179702 $ 96.71441309 $ 6.08400035 % 7.30080042
A9 $ 14.68880155 $ 18.90314027 $ 5.62500065 % 6.75000078
A10 $ 11.33080696 $ 10.54395642 $ 5.62500007 % 6.75000008
A11 $ 5.13040317 $ 4.77413005 $ 5.16666653 % 6.19999984
A12 $ 3.52521520 $ 3.28041210 $ 5.41666670 % 6.50000004
A7 $ 0.00000000 $ 0.00000000 $ 6.88000000 % 8.25600000
A8 $ 0.78685282 $ 0.73221059 $ 5.62500291 % 6.75000349
RL $ 1000.00000000 $ 930.50000000 $ 5.66666667 % 6.80000000
M $ 0.78685094 $ 0.00000000 $ 5.62500019 % 6.75000023
B1 $ 0.78685036 $ 0.00000000 $ 5.62499926 % 6.74999911
B2 $ 0.78685099 $ 0.00000000 $ 5.62500079 % 6.75000095
B3 $ 0.78685292 $ 0.00000000 $ 5.62500059 % 6.75000071
B4 $ 0.78685292 $ 0.00000000 $ 5.62499584 % 6.74999501
B5 $ 0.78684759 $ 0.00000000 $ 5.62499972 % 6.74999966
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
A9 $ 43,509.38
A7 $ 343,750.00
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 42,733.11
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 520,183,329.59
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,619
-----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 60.00 $ 0.00 $ 0.00 36157RRJ6
PO $ 865,655.00 $ 864,734.18 $ 998.94 GEC9814PO
A1 $ 65,519,000.00 $ 65,182,861.12 $ 994.87 36157RQW8
A2 $ 78,008,000.00 $ 78,008,000.00 $ 1,000.00 36157RQX6
A3 $ 2,572,000.00 $ 2,572,000.00 $ 1,000.00 36157RQY4
A4 $ 37,703,000.00 $ 37,573,221.16 $ 996.56 36157RQZ1
A5 $ 34,035,930.00 $ 30,498,514.62 $ 896.07 36157RRA5
A6 $ 6,302,950.00 $ 5,647,873.08 $ 896.07 36157RRB3
A9 $ 7,735,000.00 $ 7,621,382.12 $ 985.31 36157RRE7
A10 $ 70,809,000.00 $ 70,006,676.89 $ 988.67 36157RRF4
A11 $ 24,605,000.00 $ 24,478,766.43 $ 994.87 36157RRG2
A12 $ 100,000,000.00 $ 99,647,478.48 $ 996.47 36157RRH0
A7 $ 75,000,000.00 $ 75,343,750.00 $ 1,004.58 36157RRC1
A8 $ 1,719,000.00 $ 1,717,647.40 $ 999.21 36157RRD9
SUP $ 485,001,988.00 $ 479,313,648.50 $ 988.27 GE9814SUP
RL $ 60.00 $ 0.00 $ 0.00 36157RRK3
M $ 9,729,365.00 $ 9,721,709.44 $ 999.21 36157RRL1
B1 $ 4,207,293.00 $ 4,203,982.49 $ 999.21 36157RRM9
B2 $ 2,366,293.00 $ 2,364,431.08 $ 999.21 36157RRN7
B3 $ 2,103,646.00 $ 2,101,990.74 $ 999.21 36157RSX4
B4 $ 1,051,823.00 $ 1,050,995.37 $ 999.21 36157RSY2
B5 $ 1,578,247.19 $ 1,577,005.35 $ 999.21 36157RSZ9
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 21 Principal Balance $ 7,861,112.94
-------- ---------------
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
A5 % 6.64799992
A6 % 7.30080042
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
--------------
2. Bankruptcy Loss Amount: $ 0.00
--------------
3. Fraud Loss Amount: $ 0.00
--------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
*It has been the Company's experience that, with respect to the first
Distribution Date after the closing of a securitization containing a large
number of recently originated or acquired Mortgage Loans, the number of Mortgage
Loans 30-59 days delinquent may be inflated due to the borrowers sending monthly
payments to the wrong location or delays by the Company in inputting the
Mortgage Loans on its servicing system. It has also been the Company's
experience that for the majority of such Mortgage Loans the routing of
borrowers' monthly payments has corrected itself by the second Distribution
Date. However, the Company makes no assurances as to the level of delinquent
Mortgage Loans for future Distribution Dates.
Exhibit 99.49
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
October, 1998
Series 1998-15, 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 $ 370,110.95
---------------
(b) Interest $ 2,879,814.68
---------------
(c) Total $ 3,249,925.63
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 268,745.37
---------------
(b) Interest $ 2,080,490.52
---------------
(c) Total $ 2,349,235.89
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 101,365.58
---------------
(b) Interest $ 799,324.16
---------------
(c) Total $ 900,689.74
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 66,234.43
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 3,856,198.78
---------------
(b) Interest $ 27,036.43
---------------
(c) Total $ 3,883,235.21
---------------
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 $ 321,024.19
---------------
(b) Interest $ 254.02
---------------
(c) Total $ 321,278.21
---------------
12. Pool Scheduled Principal Balance: $ 471,309,229.93
---------------
13. Available Funds: $ 7,285,583.77
---------------
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: $ 2,220.25
--------------
18. Total interest payments: $ 2,672,015.24
--------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.56 $ 0.00 $ 0.56 % 6.720000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A1 $ 1,469,964.38 $ 0.00 $ 1,469,964.38 % 6.750000023
A2 $ 501,108.75 $ 0.00 $ 501,108.75 % 6.750000000
A3 $ 162,671.86 $ 0.00 $ 162,671.86 % 6.456249869
A4 $ 51,494.42 $ 0.00 $ 51,494.42 % 7.883040760
A5 $ 8,437.50 $ 0.00 $ 8,437.50 % 6.750000000
A6 $ 8,437.50 $ 0.00 $ 8,437.50 % 6.750000000
A7 $ 11,250.00 $ 0.00 $ 11,250.00 % 6.750000000
A8 $ 46,428.57 $ 0.00 $ 46,428.57 % 6.499999475
A9 $ 29,166.67 $ 0.00 $ 29,166.67 % 7.000000800
A10 $ 8,779.76 $ 0.00 $ 8,779.76 % 7.375000613
A11 $ 267,187.50 $ 0.00 $ 267,187.50 % 6.750000000
M $ 49,525.71 $ 0.00 $ 49,525.71 % 6.749999744
B1 $ 21,416.52 $ 0.00 $ 21,416.52 % 6.749998818
B2 $ 12,046.79 $ 0.00 $ 12,046.79 % 6.749998599
B3 $ 10,708.26 $ 0.00 $ 10,708.26 % 6.749998818
B4 $ 5,354.13 $ 0.00 $ 5,354.13 % 6.750002364
B5 $ 8,036.36 $ 0.00 $ 8,036.36 % 6.749998546
20. Principal Distribution Amount: $ 4,613,568.53
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 100.00 $ 0.00
Class PO $ 873.59 $ 0.00
Class A1 $ 3,682,797.62 $ 0.00
Class A2 $ 914,995.39 $ 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 $ 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 SUP $ 0.00 $ 0.00
Class M $ 6,845.58 $ 0.00
Class B1 $ 2,960.25 $ 0.00
Class B2 $ 1,665.14 $ 0.00
Class B3 $ 1,480.12 $ 0.00
Class B4 $ 740.06 $ 0.00
Class B5 $ 1,110.78 $ 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: $ 0.02
---------------
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 % 6.45624987
Class A4 % 7.88304076
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: $ 29,841.04
-----------
3. Supplemental Servicing Fee amount: $ 135,332.95
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 95.992247 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: % 4.007753
-----------
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 99.50
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
October, 1998
Series 1998-15, 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 % 7.331872
-----------------------
Weighted average maturity 356.58
-----------------------
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 $ 1000.00000000 $ 922.90000000 $ 5.60000000 % 6.72000000
PO $ 0.97295742 $ 0.10646299 $ 0.00000000 % 0.00000000
A1 $ 14.09267936 $ 13.00603064 $ 5.62500002 % 6.75000002
A2 $ 10.27092237 $ 9.47895910 $ 5.62500000 % 6.75000000
A3 $ 0.00000000 $ 0.00000000 $ 5.38020822 % 6.45624987
A4 $ 0.00000000 $ 0.00000000 $ 6.56920063 % 7.88304076
A5 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
A6 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
A7 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
A8 $ 0.00000000 $ 0.00000000 $ 5.41666623 % 6.49999948
A9 $ 0.00000000 $ 0.00000000 $ 5.83333400 % 7.00000080
A10 $ 0.00000000 $ 0.00000000 $ 6.14583384 % 7.37500061
A11 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
M $ 0.77750296 $ 0.00000000 $ 5.62499979 % 6.74999974
B1 $ 0.77750276 $ 0.00000000 $ 5.62499902 % 6.74999882
B2 $ 0.77750260 $ 0.00000000 $ 5.62499883 % 6.74999860
B3 $ 0.77750013 $ 0.00000000 $ 5.62499902 % 6.74999882
B4 $ 0.77750054 $ 0.00000000 $ 5.62500197 % 6.75000236
B5 $ 0.77748336 $ 0.00000000 $ 5.62499879 % 6.74999855
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:
$ 29,841.04
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 471,309,229.93
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,370
-----------------
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 36157RSA4
PO $ 897,870.74 $ 896,997.15 $ 999.03 GEC9815PO
A1 $ 261,327,000.00 $ 257,644,202.38 $ 985.91 36157RRP2
A2 $ 89,086,000.00 $ 88,171,004.61 $ 989.73 36157RRQ0
A3 $ 30,235,235.00 $ 30,235,235.00 $ 1,000.00 36157RRR8
A4 $ 7,838,765.00 $ 7,838,765.00 $ 1,000.00 36157RRS6
A5 $ 1,500,000.00 $ 1,500,000.00 $ 1,000.00 36157RRT4
A6 $ 1,500,000.00 $ 1,500,000.00 $ 1,000.00 36157RRU1
A7 $ 2,000,000.00 $ 2,000,000.00 $ 1,000.00 36157RRV9
A8 $ 8,571,429.00 $ 8,571,429.00 $ 1,000.00 36157RRW7
A9 $ 5,000,000.00 $ 5,000,000.00 $ 1,000.00 36157RRX5
A10 $ 1,428,571.00 $ 1,428,571.00 $ 1,000.00 36157RRY3
A11 $ 47,500,000.00 $ 47,500,000.00 $ 1,000.00 36157RRZ0
SUP $ 431,876,129.00 $ 427,304,882.65 $ 989.42 GE9815SUP
M $ 8,804,571.00 $ 8,797,725.42 $ 999.22 36157RSB2
B1 $ 3,807,382.00 $ 3,804,421.75 $ 999.22 36157RSC0
B2 $ 2,141,652.00 $ 2,139,986.86 $ 999.22 36157RSD8
B3 $ 1,903,691.00 $ 1,902,210.88 $ 999.22 36157RSR7
B4 $ 951,845.00 $ 951,104.94 $ 999.22 36157RSS5
B5 $ 1,428,686.53 $ 1,427,575.73 $ 999.22 36157RST3
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 $ 818,545.55
-------- ---------------
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 % 6.45624987
A4 % 7.88304076
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
---------------
2. Bankruptcy Loss Amount: $ 0.00
---------------
3. Fraud Loss Amount: $ 0.00
---------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
*It has been the Company's experience that, with respect to the first
Distribution Date after the closing of a securitization containing a large
number of recently originated or acquired Mortgage Loans, the number of Mortgage
Loans 30-59 days delinquent may be inflated due to the borrowers sending monthly
payments to the wrong location or delays by the Company in inputting the
Mortgage Loans on its servicing system. It has also been the Company's
experience that for the majority of such Mortgage Loans the routing of
borrowers' monthly payments has corrected itself by the second Distribution
Date. However, the Company makes no assurances as to the level of delinquent
Mortgage Loans for future Distribution Dates.
Exhibit 99.51
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
October, 1998
Series 1998-16, 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 $ 808,365.65
--------------
(b) Interest $ 1,467,814.68
--------------
(c) Total $ 2,276,180.33
--------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 405,943.46
--------------
(b) Interest $ 734,724.27
--------------
(c) Total $ 1,140,667.73
--------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 402,422.19
--------------
(b) Interest $ 733,090.41
--------------
(c) Total $ 1,135,512.60
--------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 118,984.74
--------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 828,412.60
--------------
(b) Interest $ 3,727.96
--------------
(c) Total $ 832,140.56
--------------
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: $ 247,648,529.57
---------------
13. Available Funds: $ 3,104,304.52
---------------
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: $ 1,346.61
---------------
18. Total interest payments: $ 1,348,537.48
---------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------- ------------
R $ 0.54 $ 0.00 $ 0.54 % 161619.000000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A1 $ 288,288.43 $ 0.00 $ 288,288.43 % 6.500000047
A2 $ 36,562.50 $ 0.00 $ 36,562.50 % 6.500000000
A3 $ 146,250.00 $ 0.00 $ 146,250.00 % 6.500000000
A5 $ 263,020.83 $ 0.00 $ 263,020.83 % 6.249999921
A4 $ 10,520.83 $ 0.00 $ 10,520.83 % 0.249999921
A6 $ 576,875.00 $ 0.00 $ 576,875.00 % 6.500000000
RL $ 0.54 $ 0.00 $ 0.54 % 6.480000000
M $ 10,132.05 $ 0.00 $ 10,132.05 % 6.500001069
B1 $ 3,377.35 $ 0.00 $ 3,377.35 % 6.500008019
B2 $ 3,377.35 $ 0.00 $ 3,377.35 % 6.500008019
B3 $ 6,079.23 $ 0.00 $ 6,079.23 % 6.500002228
B4 $ 2,026.41 $ 0.00 $ 2,026.41 % 6.500008019
B5 $ 2,026.42 $ 0.00 $ 2,026.42 % 6.499984670
20. Principal Distribution Amount: $ 1,755,763.07
---------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 100.00 $ 0.00
Class PO $ 1,613.63 $ 0.00
Class A1 $ 457,504.89 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 87,504.39 $ 0.00
Class A5 $ 434,102.23 $ 0.00
Class A4 $ 0.00 $ 0.00
Class A6 $ 758,672.02 $ 0.00
Class SUP $ 0.00 $ 0.00
Class RL $ 100.00 $ 0.00
Class M $ 6,062.21 $ 0.00
Class B1 $ 2,020.74 $ 0.00
Class B2 $ 2,020.74 $ 0.00
Class B3 $ 3,637.33 $ 0.00
Class B4 $ 1,212.44 $ 0.00
Class B5 $ 1,212.45 $ 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: $ 18,374.68
----------
3. Supplemental Servicing Fee amount: $ 70,126.62
----------
4. Credit Losses for prior month: $ 0.00
----------
Category Category Category
A B C
5. Senior Percentage: % 97.996437 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: % 2.003563
-----------
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 99.52
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
October, 1998
Series 1998-16, 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 % 7.089622
----------------------
Weighted average maturity 174.28
----------------------
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 $ 545.10000000 $ 134682.50000000 %161,619.00000000
PO $ 3.63817761 $ 0.23824931 $ 0.00000000 % 0.00000000
A1 $ 8.59608381 $ 4.68531408 $ 5.41666671 % 6.50000005
A2 $ 0.00000000 $ 0.00000000 $ 5.41666667 % 6.50000000
A3 $ 3.24090333 $ 1.76646148 $ 5.41666667 % 6.50000000
A5 $ 8.59608376 $ 4.68531406 $ 5.20833327 % 6.24999992
A4 $ 0.00000000 $ 0.00000000 $ 0.20833327 % 0.24999992
A6 $ 7.12368094 $ 3.88277765 $ 5.41666667 % 6.50000000
RL $ 1000.00000000 $ 545.10000000 $ 5.40000000 % 6.48000000
M $ 3.24090152 $ 0.00000000 $ 5.41666756 % 6.50000107
B1 $ 3.24091033 $ 0.00000000 $ 5.41667335 % 6.50000802
B2 $ 3.24091033 $ 0.00000000 $ 5.41667335 % 6.50000802
B3 $ 3.24090566 $ 0.00000000 $ 5.41666852 % 6.50000223
B4 $ 3.24089964 $ 0.00000000 $ 5.41667335 % 6.50000802
B5 $ 3.24089873 $ 0.00000000 $ 5.41665389 % 6.49998467
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:
$ 18,374.68
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 247,648,529.57
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 795
-----------------
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 36157RSL0
PO $ 443,527.00 $ 441,913.37 $ 996.36 GEC9816PO
A1 $ 53,222,479.00 $ 52,764,974.11 $ 991.40 36157RSE6
A2 $ 6,750,000.00 $ 6,750,000.00 $ 1,000.00 36157RSF3
A3 $ 27,000,000.00 $ 26,912,495.61 $ 996.76 36157RSG1
A5 $ 50,500,000.00 $ 50,065,897.77 $ 991.40 36157RSJ5
A4 $ 50,500,000.00 $ 50,065,897.77 $ 991.40 36157RSH9
A6 $ 106,500,000.00 $ 105,741,327.98 $ 992.88 36157RSK2
SUP $ 225,284,694.00 $ 127,827,962.66 $ 567.41 GE9816SUP
RL $ 100.00 $ 0.00 $ 0.00 GEC9816RL
M $ 1,870,532.00 $ 1,864,469.79 $ 996.76 36157RSM8
B1 $ 623,510.00 $ 621,489.26 $ 996.76 36157RSN6
B2 $ 623,510.00 $ 621,489.26 $ 996.76 36157RSP1
B3 $ 1,122,319.00 $ 1,118,681.67 $ 996.76 36157RSU0
B4 $ 374,106.00 $ 372,893.56 $ 996.76 36157RSV8
B5 $ 374,109.19 $ 372,896.74 $ 996.76 36157RSW6
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 150 Principal Balance $ 49,951,393.46
-------- ---------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ---------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ---------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ---------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ---------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
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E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
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2. Bankruptcy Loss Amount: $ 0.00
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3. Fraud Loss Amount: $ 0.00
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4. Certificate Interest Rate of the Class S Certificate: %0.00000000
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*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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