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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) July 27, 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
Item 5. Other Events
- ------- ------------
On July 27, 1998 GE Capital Mortgage Services, Inc. ("GECMSI") passed
through to Certificateholders of Mortgage Pass-Through Certificates principal
and interest payments as required for the various Series of Mortgage
Pass-Through Certificates listed below and as detailed in Item 7, Financial
Statements, Pro Forma Financial Information and Exhibits, of this Report.
Series Distribution on Series
- ------ ----------------------
Series 1998-01 $ 3,743,961.12
Series 1998-02 $ 9,280,999.57
Series 1998-03 $10,772,516.48
Series 1998-04 $13,377,820.40
Series 1998-HE1 $ 3,292,654.13
Series 1998-HE2 $ 2,775,451.60
Series 1998-05 $10,375,574.27
Series 1998-6A $ 3,690,966.40
Series 1998-6B $ 5,430,102.74
Series 1998-07 $ 3,569,399.90
Series 1998-08A $ 7,734,759.22
Series 1998-08B $ 1,361,531.08
Series 1998-09 $10,650,530.85
Series 1998-10A $ 8,487,474.93
Series 1998-10B $ 2,232,036.97
Series 1998-11A $ 5,407,839.08
Series 1998-11B $ 3,559,506.34
Series 1998-11C $ 1,979,710.24
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 Monthly Statement
Series 1998-02 99.3 Servicer's Certificate
99.4 Monthly Statement
Series 1998-03 99.5 Servicer's Certificate
99.6 Monthly Statement
Series 1998-04 99.7 Servicer's Certificate
99.8 Monthly Statement
Series 1998-HE1 99.9 Servicer's Certificate
99.10 Distribution Date Statement
Series 1998-05 99.11 Servicer's Certificate
99.12 Monthly Statement
Series 1998-6A 99.13 Servicer's Certificate
99.14 Monthly Statement
Series 1998-6B 99.15 Servicer's Certificate
99.16 Monthly Statement
Series 1998-07 99.17 Servicer's Certificate
99.18 Monthly Statement
Series 1998-08A 99.19 Servicer's Certificate
99.20 Monthly Statement
Series 1998-08B 99.21 Servicer's Certificate
99.22 Monthly Statement
Series 1998-09 99.23 Servicer's Certificate
99.24 Monthly Statement
Series 1998-10A 99.25 Servicer's Certificate
99.26 Monthly Statement
Series 1998-10B 99.27 Servicer's Certificate
99.28 Monthly Statement
Series 1998-11A 99.29 Servicer's Certificate
99.30 Monthly Statement
Series 1998-11B 99.31 Servicer's Certificate
99.32 Monthly Statement
Series 1998-11C 99.33 Servicer's Certificate
99.34 Monthly Statement
Series 1998-HE2 99.35 Servicer's Certificate
99.36 Monthly Statement
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 : July 27, 1998
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
- ----------- -----------
99.1 Series 1998-01 Servicer's Certificate
99.2 Series 1998-01 Monthly Statement
99.3 Series 1998-02 Servicer's Certificate
99.4 Series 1998-02 Monthly Statement
99.5 Series 1998-03 Servicer's Certificate
99.6 Series 1998-03 Monthly Statement
99.7 Series 1998-04 Servicer's Certificate
99.8 Series 1998-04 Monthly Statement
99.9 Series 1998-HE1 Servicer's Certificate
99.10 Series 1998-HE1 Distribution Date Statement
99.11 Series 1998-05 Servicer's Certificate
99.12 Series 1998-05 Monthly Statement
99.13 Series 1998-6A Servicer's Certificate
99.14 Series 1998-6A Monthly Statement
99.15 Series 1998-6B Servicer's Certificate
99.16 Series 1998-6B Monthly Statement
99.17 Series 1998-07 Servicer's Certificate
99.18 Series 1998-07 Monthly Statement
99.19 Series 1998-08A Servicer's Certificate
99.20 Series 1998-08A Monthly Statement
99.21 Series 1998-08B Servicer's Certificate
-7-
99.22 Series 1998-08B Monthly Statement
99.23 Series 1998-09 Servicer's Certificate
99.24 Series 1998-09 Monthly Statement
99.25 Series 1998-10A Servicer's Certificate
99.26 Series 1998-10A Monthly Statement
99.27 Series 1998-10B Servicer's Certificate
99.28 Series 1998-10B Monthly Statement
99.29 Series 1998-11A Servicer's Certificate
99.30 Series 1998-11A Monthly Statement
99.31 Series 1998-11B Servicer's Certificate
99.32 Series 1998-11B Monthly Statement
99.33 Series 1998-11C Servicer's Certificate
99.34 Series 1998-11C Monthly Statement
99.35 Series 1998-HE2 Servicer's Certificate
99.36 Series 1998-HE2 Monthly Statement
Exhibit 99.01
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
July, 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 $ 603,021.16
-----------------
(b) Interest $ 1,116,601.83
-----------------
(c) Total $ 1,719,622.99
-----------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 233,293.09
-----------------
(b) Interest $ 428,591.31
-----------------
(c) Total $ 661,884.40
-----------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 369,728.07
-----------------
(b) Interest $ 688,010.52
-----------------
(c) Total $ 1,057,738.59
-----------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 74,353.51
-----------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 1,920,707.83
-----------------
(b) Interest $ 12,417.34
-----------------
(c) Total $ 1,933,125.17
-----------------
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 $ 120,925.36
-----------------
(b) Interest $ 456.34
-----------------
(c) Total $ 121,381.70
-----------------
12. Pool Scheduled Principal Balance: $ 179,647,418.75
----------------
13. Available Funds: $ 3,743,961.11
----------------
14. Realized Losses for prior month: $ 0.00
----------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
------------------------
17. Compensating Interest Payment: $ 1,341.87
------------------------
18. Total interest payments: $ 1,024,953.24
------------------------
19. Interest
Accrued Unpaid Class
Certificate Interest Interest
Class Interest Shortfalls Payable Pay-out Rate
- ----- -------- ---------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A1 $ 320,518.45 $ 0.00 $ 320,518.45 % 6.749999982
A2 $ 532,396.44 $ 0.00 $ 532,396.44 % 6.750000034
A3 $ 147,102.17 $ 0.00 $ 147,102.17 % 6.750000134
M $ 8,311.90 $ 0.00 $ 8,311.90 % 6.749998909
B1 $ 5,541.26 $ 0.00 $ 5,541.26 % 6.750002048
B2 $ 2,770.62 $ 0.00 $ 2,770.62 % 6.750011466
B3 $ 4,433.01 $ 0.00 $ 4,433.01 % 6.749996631
B4 $ 1,662.37 $ 0.00 $ 1,662.37 % 6.750003299
B5 $ 2,217.02 $ 0.00 $ 2,217.02 % 6.749991589
20. Principal Distribution Amount: $ 2,719,007.87
-----------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 626.73 $ 0.00
Class A1 $ 866,578.57 $ 0.00
Class A2 $ 1,750,679.12 $ 0.00
Class A3 $ 86,466.06 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 4,885.70 $ 0.00
Class B1 $ 3,257.13 $ 0.00
Class B2 $ 1,628.56 $ 0.00
Class B3 $ 2,605.71 $ 0.00
Class B4 $ 977.13 $ 0.00
Class B5 $ 1,303.16 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
-----------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
-----------------
24. Subordinate Certificate Writedown Amount: $ 0.00
-----------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
-----------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 42,623.84
-----------
3. Supplemental Servicing Fee amount: $ 63,146.43
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category Category Category
A B C
5. Senior Percentage: % 97.567091 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: % 2.432909
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
--------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.02
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
July, 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 % 7.434773
-------------------------
Weighted average maturity 170.74
-------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
PO $ 3.99807346 $ 0.43965858 $ 0.00000000 % 0.00000000
A1 $ 13.82764592 $ 10.82143163 $ 5.11438408 % 6.74999998
A2 $ 16.47106742 $ 12.89015726 $ 5.00899197 % 6.75000003
A3 $ 3.25402171 $ 2.54657750 $ 5.53597162 % 6.75000013
M $ 3.25402032 $ 0.00000000 $ 5.53597059 % 6.74999891
B1 $ 3.25402241 $ 0.00000000 $ 5.53597315 % 6.75000205
B2 $ 3.25402867 $ 0.00000000 $ 5.53598082 % 6.75001147
B3 $ 3.25402584 $ 0.00000000 $ 5.53596873 % 6.74999663
B4 $ 3.25400869 $ 0.00000000 $ 5.53597416 % 6.75000330
B5 $ 3.25402941 $ 0.00000000 $ 5.53596511 % 6.74999159
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 42,623.84
------ ----------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 179,647,418.75
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 562
-----------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RCN3
PO $ 152,517.32 $ 151,890.59 $ 968.95 GEC9801PO
A1 $ 56,981,057.93 $ 56,114,479.36 $ 895.40 36157RCK9
A2 $ 94,648,255.52 $ 92,897,576.40 $ 874.02 36157RCL7
A3 $ 26,151,496.37 $ 26,065,030.31 $ 980.92 36157RCM5
SUP $ 170,280,899.19 $ 167,609,910.77 $ 893.18 GEC98001S
M $ 1,477,671.35 $ 1,472,785.65 $ 980.92 36157RCP8
B1 $ 985,112.59 $ 981,855.46 $ 980.92 36157RCQ6
B2 $ 492,553.83 $ 490,925.27 $ 980.92 36157RCR4
B3 $ 788,091.06 $ 785,485.35 $ 980.92 36157RCG8
B4 $ 295,532.30 $ 294,555.17 $ 980.92 36157RCH6
B5 $ 394,137.38 $ 392,834.22 $ 980.92 36157RCJ2
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 2 Principal Balance $ 530,270.01
-------- ----------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ----------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ----------------
4. In Foreclosure
Number 1 Principal Balance $ 219,252.14
-------- ----------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ----------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
-------------
E. Other Information:
1. Special Hazard Loss Amount: $ 2,621,837.00
-----------------
2. Bankruptcy Loss Amount: $ 100,000.00
-----------------
3. Fraud Loss Amount: $ 2,001,914.00
-----------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------------
Exhibit 99.03
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
July, 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 $ 310,161.34
-----------------
(b) Interest $ 2,584,750.93
-----------------
(c) Total $ 2,894,912.27
-----------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 280,099.63
-----------------
(b) Interest $ 2,341,050.90
-----------------
(c) Total $ 2,621,150.53
-----------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 30,061.71
-----------------
(b) Interest $ 243,700.03
-----------------
(c) Total $ 273,761.74
-----------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 62,818.89
-----------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 6,521,695.10
-----------------
(b) Interest $ 38,256.96
-----------------
(c) Total $ 6,559,952.06
-----------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
-----------------
(b) Interest $ 0.00
-----------------
(c) Total $ 0.00
-----------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
-----------------
(b) Interest $ 0.00
-----------------
(c) Total $ 0.00
-----------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
-----------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
-----------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
-----------------
(b) Interest $ 0.00
-----------------
(c) Total $ 0.00
-----------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
-----------------
(b) Interest $ 0.00
-----------------
(c) Total $ 0.00
-----------------
12. Pool Scheduled Principal Balance: $ 402,479,200.09
----------------
13. Available Funds: $ 9,280,999.66
----------------
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: $ 6,354.13
-----------------
18. Total interest payments: $ 2,386,324.32
-----------------
19. Interest
Accrued Unpaid Class
Certificate Interest Interest
Class Interest Shortfalls Payable Pay-out Rate
- ----- -------- ---------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A1 $ 104,203.82 $ 0.00 $ 104,203.82 % 6.999999933
A2 $ 21,583.33 $ 0.00 $ 21,583.33 % 6.999998919
A3 $ 131,881.75 $ 0.00 $ 131,881.75 % 6.999999972
A4 $ 143,272.50 $ 0.00 $ 143,272.50 % 7.000000000
A5 $ 198,686.24 $ 0.00 $ 198,686.24 % 6.999999853
A6 $ 320,676.61 $ 0.00 $ 320,676.61 % 7.000000067
A7 $ 57,166.67 $ 0.00 $ 57,166.67 % 7.000000408
A8 $ 5,337.10 $ 0.00 $ 5,337.10 % 7.250005490
A9 $ 25,581.28 $ 0.00 $ 25,581.28 % 6.950000401
A10 $ 19,250.00 $ 0.00 $ 19,250.00 % 7.000000000
A11 $ 128,092.45 $ 0.00 $ 128,092.45 % 7.000000253
A12 $ 1,119,239.55 $ 0.00 $ 1,119,239.55 % 6.999999972
M $ 45,851.20 $ 0.00 $ 45,851.20 % 6.999999879
B1 $ 26,200.69 $ 0.00 $ 26,200.69 % 7.000001024
B2 $ 13,100.34 $ 0.00 $ 13,100.34 % 6.999998352
B3 $ 13,100.34 $ 0.00 $ 13,100.34 % 6.999998352
B4 $ 3,928.94 $ 0.00 $ 3,928.94 % 6.999998976
B5 $ 9,171.51 $ 0.00 $ 9,171.51 % 7.000002926
20. Principal Distribution Amount: $ 6,894,675.34
-----------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 293.72 $ 0.00
Class A1 $ 487,430.08 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 455,175.59 $ 0.00
Class A4 $ 0.00 $ 0.00
Class A5 $ 0.00 $ 0.00
Class A6 $ 1,548,946.78 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A8 $ 19,362.71 $ 0.00
Class A9 $ 96,813.65 $ 0.00
Class A10 $ 0.00 $ 0.00
Class A11 $ 16,635.17 $ 0.00
Class A12 $ 4,255,556.39 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 5,954.63 $ 0.00
Class B1 $ 3,402.64 $ 0.00
Class B2 $ 1,701.32 $ 0.00
Class B3 $ 1,701.32 $ 0.00
Class B4 $ 510.25 $ 0.00
Class B5 $ 1,191.09 $ 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
----- ------------------- -------------------
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: $ 87,965.73
------------
3. Supplemental Servicing Fee amount: $ 153,655.79
------------
4. Credit Losses for prior month: $ 0.00
------------
Category Category Category
A B C
5. Senior Percentage: % 95.333701 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: % 4.666299
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
--------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.04
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
July, 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 % 7.702862
----------------------
Weighted average maturity 351.17
----------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
PO $ 1.00908701 $ 0.13989522 $ 0.00000000 % 0.00000000
A1 $ 23.44154622 $ 22.43488676 $ 5.01138268 % 6.99999993
A2 $ 0.00000000 $ 0.00000000 $ 5.83333243 % 6.99999892
A3 $ 17.95965805 $ 17.18840956 $ 5.20359875 % 6.99999997
A4 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
A5 $ 0.00000000 $ 0.00000000 $ 5.83333321 % 6.99999985
A6 $ 24.08858066 $ 23.05413528 $ 4.98703021 % 7.00000007
A7 $ 0.00000000 $ 0.00000000 $ 5.83333367 % 7.00000041
A8 $ 19.36272936 $ 18.53122853 $ 5.33710534 % 7.25000549
A9 $ 19.36273000 $ 18.53122800 $ 5.11625600 % 6.95000040
A10 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
A11 $ 0.75480103 $ 0.72238734 $ 5.81204235 % 7.00000025
A12 $ 19.57027542 $ 18.72986149 $ 5.14711221 % 6.99999997
M $ 0.75480162 $ 0.00000000 $ 5.81204208 % 6.99999988
B1 $ 0.75480035 $ 0.00000000 $ 5.81204303 % 7.00000102
B2 $ 0.75480035 $ 0.00000000 $ 5.81204082 % 6.99999835
B3 $ 0.75480035 $ 0.00000000 $ 5.81204082 % 6.99999835
B4 $ 0.75480769 $ 0.00000000 $ 5.81204142 % 6.99999898
B5 $ 0.75480136 $ 0.00000000 $ 5.81204463 % 7.00000293
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:
$ 87,965.73
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 402,479,200.09
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,361
-----------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RDE2
PO $ 289,704.81 $ 289,411.09 $ 994.28 GEC9802PO
A1 $ 17,863,512.17 $ 17,376,082.10 $ 835.65 36157RCS2
A2 $ 3,700,000.00 $ 3,700,000.00 $ 1,000.00 36157RCT0
A3 $ 22,608,300.09 $ 22,153,124.50 $ 874.09 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 $ 54,973,132.62 $ 53,424,185.84 $ 830.83 36157RCX1
A7 $ 9,800,000.00 $ 9,800,000.00 $ 1,000.00 36157RCY9
A8 $ 883,381.40 $ 864,018.69 $ 864.02 36157RCZ6
A9 $ 4,416,911.40 $ 4,320,097.75 $ 864.02 36157RDA0
A10 $ 3,300,000.00 $ 3,300,000.00 $ 1,000.00 36157RDB8
A11 $ 21,958,704.92 $ 21,942,069.75 $ 995.60 36157RDC6
A12 $ 191,869,637.90 $ 187,614,081.51 $ 862.79 36157RDD4
SUP $ 396,180,396.42 $ 389,299,859.46 $ 889.74 GEC98002S
M $ 7,860,205.85 $ 7,854,251.23 $ 995.60 36157RDF9
B1 $ 4,491,546.20 $ 4,488,143.56 $ 995.60 36157RDG7
B2 $ 2,245,773.10 $ 2,244,071.77 $ 995.60 36157RDH5
B3 $ 2,245,773.10 $ 2,244,071.77 $ 995.60 36157RDJ1
B4 $ 673,532.67 $ 673,022.42 $ 995.60 36157RDK8
B5 $ 1,572,258.20 $ 1,571,067.11 $ 995.60 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 7 Principal Balance $ 3,005,685.91
-------- ---------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ---------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ---------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ---------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ---------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
---------------
E. Other Information:
1. Special Hazard Loss Amount: $ 4,508,007.00
-------------------
2. Bankruptcy Loss Amount: $ 173,734.00
-------------------
3. Fraud Loss Amount: $ 4,508,007.00
-------------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-------------
Exhibit 99.05
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
July, 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 $ 220,946.58
------------------
(b) Interest $ 1,800,698.49
------------------
(c) Total $ 2,021,645.07
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 189,372.22
------------------
(b) Interest $ 1,542,424.20
------------------
(c) Total $ 1,731,796.42
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 31,574.36
------------------
(b) Interest $ 258,274.29
------------------
(c) Total $ 289,848.65
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 45,695.07
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 8,803,795.05
------------------
(b) Interest $ 55,595.32
------------------
(c) Total $ 8,859,390.37
------------------
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: $ 282,833,056.95
-----------------
13. Available Funds: $ 10,772,516.38
-----------------
14. Realized Losses for prior month: $ 0.00
-----------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
---------------------------
(b) Deficient Valuations: $ 0.00
---------------------------
(c) Debt Service Reductions: $ 0.00
---------------------------
(d) Bankruptcy Losses: $ 0.00
---------------------------
(e) Special Hazard Losses: $ 0.00
---------------------------
(f) Fraud Losses: $ 0.00
---------------------------
(g) Excess Bankruptcy Losses: $ 0.00
---------------------------
(h) Excess Special Hazard Losses: $ 0.00
---------------------------
(i) Excess Fraud Losses: $ 0.00
---------------------------
16. Non-Credit Losses: $ 0.00
------------------
17. Compensating Interest Payment: $ 8,468.76
------------------
18. Total interest payments: $ 1,702,079.69
------------------
19. Interest
Accrued Unpaid Class
Certificate Interest Interest
Class Interest Shortfalls Payable Pay-out Rate
- ----- -------- ---------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A1 $ 361,666.67 $ 0.00 $ 361,666.67 % 7.000000065
A2 $ 64,947.92 $ 0.00 $ 64,947.92 % 6.250000321
A3 $ 110,822.92 $ 0.00 $ 110,822.92 % 6.250000188
A4 $ 81,968.75 $ 0.00 $ 81,968.75 % 6.250000000
A5 $ 81,614.58 $ 0.00 $ 81,614.58 % 6.249999745
A6 $ 40,722.50 $ 0.00 $ 40,722.50 % 7.000000000
A7 $ 182,959.88 $ 0.00 $ 182,959.88 % 6.999999939
A8 $ 636,253.10 $ 0.00 $ 636,253.10 % 6.999999977
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 $ 31,923.53 $ 0.00 $ 31,923.53 % 7.000000375
B1 $ 18,242.85 $ 0.00 $ 18,242.85 % 7.000001397
B2 $ 9,124.33 $ 0.00 $ 9,124.33 % 7.000000748
B3 $ 9,124.33 $ 0.00 $ 9,124.33 % 7.000000748
B4 $ 2,737.30 $ 0.00 $ 2,737.30 % 7.000003261
B5 $ 6,387.70 $ 0.00 $ 6,387.70 % 6.999995817
20. Principal Distribution Amount: $ 9,070,436.69
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 149.59 $ 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 $ 2,023,476.18 $ 0.00
Class A8 $ 7,036,750.26 $ 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 $ 4,142.02 $ 0.00
Class B1 $ 2,366.97 $ 0.00
Class B2 $ 1,183.86 $ 0.00
Class B3 $ 1,183.86 $ 0.00
Class B4 $ 355.16 $ 0.00
Class B5 $ 828.79 $ 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: $ 62,681.82
-------------
3. Supplemental Servicing Fee amount: $ 93,572.19
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category Category Category
A B C
5. Senior Percentage: % 95.444395 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: % 4.555605
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.06
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
July, 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 % 7.639809
-------------------
Weighted average maturity 351.82
-------------------
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 $ 1.24410549 $ 0.37101107 $ 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 $ 58.63958559 $ 57.27536935 $ 5.30210914 % 6.99999994
A8 $ 58.63958550 $ 57.27536950 $ 5.30210917 % 6.99999998
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 $ 0.75405425 $ 0.00000000 $ 5.81167486 % 7.00000037
B1 $ 0.75405225 $ 0.00000000 $ 5.81167569 % 7.00000140
B2 $ 0.75405096 $ 0.00000000 $ 5.81167516 % 7.00000075
B3 $ 0.75405096 $ 0.00000000 $ 5.81167516 % 7.00000075
B4 $ 0.75405520 $ 0.00000000 $ 5.81167728 % 7.00000326
B5 $ 0.75405147 $ 0.00000000 $ 5.81167073 % 6.99999582
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:
$ 62,681.82
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 282,833,056.95
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 952
---------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RDX0
PO $ 118,404.52 $ 118,254.93 $ 983.50 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 $ 31,364,551.13 $ 29,341,074.96 $ 850.29 36157RDT9
A8 $ 109,071,960.36 $ 102,035,210.10 $ 850.29 36157RDU6
A9 $ 0.00 $ 0.00 $ 0.00 36157RDV4
A10 $ 10,900,000.00 $ 10,900,000.00 $ 1,000.00 36157RDW2
SUP $ 282,582,256.42 $ 273,521,401.64 $ 898.73 GEC98003S
RL $ 0.00 $ 0.00 $ 0.00 36157RDY8
M $ 5,472,604.85 $ 5,468,462.83 $ 995.53 36157RDZ5
B1 $ 3,127,345.09 $ 3,124,978.12 $ 995.53 36157REA9
B2 $ 1,564,170.69 $ 1,562,986.83 $ 995.53 36157REB7
B3 $ 1,564,170.69 $ 1,562,986.83 $ 995.53 36157REC5
B4 $ 469,251.21 $ 468,896.05 $ 995.53 36157RED3
B5 $ 1,095,034.94 $ 1,094,206.14 $ 995.53 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 3 Principal Balance $ 799,874.91
-------- -------------
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 $ 5,531,232.05
Class A7_2 $ 23,809,842.91
Class A8_1 $ 19,235,165.19
Class A8_2 $ 82,800,044.90
Exhibit 99.07
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
July, 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 $ 442,204.75
------------------
(b) Interest $ 3,550,142.09
------------------
(c) Total $ 3,992,346.84
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 377,882.32
------------------
(b) Interest $ 3,038,311.58
------------------
(c) Total $ 3,416,193.90
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 64,322.43
------------------
(b) Interest $ 511,830.51
------------------
(c) Total $ 576,152.94
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 158,307.09
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 9,547,659.99
------------------
(b) Interest $ 59,251.43
------------------
(c) Total $ 9,606,911.42
------------------
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: $ 564,225,581.72
-----------------
13. Available Funds: $ 13,377,820.24
-----------------
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: $ 8,924.97
------------------
18. Total interest payments: $ 3,229,648.40
------------------
19. Interest
Accrued Unpaid Class
Certificate Interest Interest
Class Interest Shortfalls Payable Pay-out Rate
- ----- -------- ---------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A1 $ 544,092.71 $ 0.00 $ 544,092.71 % 6.500000032
A2 $ 471,163.77 $ 0.00 $ 471,163.77 % 6.999999961
A3 $ 83,723.50 $ 0.00 $ 83,723.50 % 6.199999884
A4 $ 31,058.67 $ 0.00 $ 31,058.67 % 10.733316636
A5 $ 881,635.44 $ 0.00 $ 881,635.44 % 6.750000028
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 $ 62,400.07 $ 0.00 $ 62,400.07 % 6.749999968
B1 $ 30,356.03 $ 0.00 $ 30,356.03 % 6.749999307
B2 $ 15,175.21 $ 0.00 $ 15,175.21 % 6.749998852
B3 $ 13,492.82 $ 0.00 $ 13,492.82 % 6.750001732
B4 $ 6,745.29 $ 0.00 $ 6,745.29 % 6.750003359
B5 $ 10,112.21 $ 0.00 $ 10,112.21 % 6.750000722
20. Principal Distribution Amount: $ 10,148,171.84
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 217.77 $ 0.00
Class A1 $ 2,844,942.47 $ 0.00
Class A2 $ 292,678.82 $ 0.00
Class A3 $ 2,101,864.18 $ 0.00
Class A4 $ 450,399.47 $ 0.00
Class A5 $ 4,439,143.71 $ 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 $ 8,540.16 $ 0.00
Class B1 $ 4,154.57 $ 0.00
Class B2 $ 2,076.90 $ 0.00
Class B3 $ 1,846.65 $ 0.00
Class B4 $ 923.17 $ 0.00
Class B5 $ 1,383.97 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.05
-----------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
-----------------
24. Subordinate Certificate Writedown Amount: $ 0.00
-----------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
-----------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class A3 % 6.19999988
Class A4 % 10.73331664
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: $ 123,997.95
-------------
3. Supplemental Servicing Fee amount: $ 258,092.65
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category Category Category
A B C
5. Senior Percentage: % 95.718369 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: % 4.281631
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President
Investor Operations
Exhibit 99.08
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
July, 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 % 7.547189
----------------------
Weighted average maturity 352.66
----------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.50000000 % 0.00000000
PO $ 1.00499335 $ 0.12561840 $ 0.00000000 % 0.00000000
A1 $ 26.33693884 $ 25.23684682 $ 5.03691606 % 6.50000003
A2 $ 3.58437823 $ 3.43465905 $ 5.77024726 % 6.99999996
A3 $ 96.79765036 $ 92.75441973 $ 3.85573823 % 6.19999988
A4 $ 96.79765098 $ 92.75441865 $ 6.67497743 %10.73331664
A5 $ 26.33693881 $ 25.23684679 $ 5.23064360 % 6.75000003
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 $ 0.76751685 $ 0.00000000 $ 5.60798688 % 6.74999997
B1 $ 0.76751709 $ 0.00000000 $ 5.60798633 % 6.74999931
B2 $ 0.76751663 $ 0.00000000 $ 5.60798596 % 6.74999885
B3 $ 0.76751870 $ 0.00000000 $ 5.60798836 % 6.75000173
B4 $ 0.76751746 $ 0.00000000 $ 5.60798969 % 6.75000336
B5 $ 0.76751634 $ 0.00000000 $ 5.60798750 % 6.75000072
2. Unanticipated Recoveries: $ 0.00
-------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 123,997.95
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 564,225,581.72
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,856
---------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157REP6
PO $ 214,040.53 $ 213,822.75 $ 986.78 GEC9804PO
A1 $ 100,447,884.43 $ 97,602,941.96 $ 903.56 36157REF8
A2 $ 80,770,932.45 $ 80,478,253.63 $ 985.60 36157REG6
A3 $ 16,204,548.69 $ 14,102,684.51 $ 649.47 36157REH4
A4 $ 3,472,403.29 $ 3,022,003.82 $ 649.47 36157REJ0
A5 $ 156,735,188.68 $ 152,296,044.97 $ 903.56 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 $ 561,507,743.39 $ 551,372,806.02 $ 937.42 GEC98004S
M $ 11,093,345.83 $ 11,084,805.67 $ 996.21 36157REQ4
B1 $ 5,396,628.11 $ 5,392,473.54 $ 996.21 36157RER2
B2 $ 2,697,815.57 $ 2,695,738.67 $ 996.21 36157RES0
B3 $ 2,398,722.94 $ 2,396,876.29 $ 996.21 36157RET8
B4 $ 1,199,162.07 $ 1,198,238.90 $ 996.21 36157REU5
B5 $ 1,797,726.03 $ 1,796,342.06 $ 996.21 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 9 Principal Balance $ 2,297,750.04
-------- ---------------
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 % 6.19999988
A4 % 10.73331664
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
JULY 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: $ 1,393,116.42
----------------
(2) Aggregate Monthly Payments received and Monthly Advances made
this Month:
(a) Principal $ 218,746.22
----------------
(b) Interest $ 1,149,783.61
----------------
(c) Total $ 1,368,529.83
----------------
(3) Aggregate Principal Prepayments in part received on Self-
Amortizing Mortgage Loans and applied in the applicable
Prepayment Period:
(a) Principal $ 27,110.08
----------------
(c) Total $ 27,110.08
----------------
(4) Aggregate Principal Prepayments in full received in the
applicable Prepayment period:
(a) Principal $1,930,155.05
----------------
(b) Interest $34,554.77
----------------
(c) Total $1,964,709.82
----------------
(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 $150,026,505.26
----------------
(11) Available Funds: $3,292,654.13
----------------
(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: $1,887.67
--------------
(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 8.931%
------------- ---------------------
Class B4 36157RFA8 8.931%
------------- ---------------------
Class B5 36157RFB6 8.931%
------------- ---------------------
Class S 36198HE1 2.33%
------------- ---------------------
(20) Accrued Certificate Interest and Pay-out Rate:
Class A1 36158GAV0 $216,566.14 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 $291,506.37 2.33%
------------- ------------------------------
Class M 36158GBE7 $22,327.69 6.950%
------------- ------------------------------
Class B1 36158GBF4 $20,934.62 7.240%
------------- ------------------------------
Class B2 36158GBC2 $9,754.77 7.590%
------------- ------------------------------
Class B3 36157REZ4 $11,478.79 8.931%
------------- ------------------------------
Class B4 36157RFA8 $8,610.95 8.931%
------------- ------------------------------
Class B5 36157RFB6 $8,617.58 8.931%
------------- ------------------------------
Total $1,116,642.77
(21) Principal distributable:
Class A1 36158GAV0 $2,157,459.12
------------- ---------------------
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 $5,620.88
------------- ---------------------
Class B1 36158GBF4 $5,059.08
------------- ---------------------
Class B2 36158GBC2 $2,248.64
------------- ---------------------
Class B3 36157REZ4 $2,248.64
------------- ---------------------
Class B4 36157RFA8 $1,686.84
------------- ---------------------
Class B5 36157RFB6 $1,688.14
------------- ---------------------
Class R1 36158GBC1 $0.00
------------- ---------------------
Class R2 36158GBD9 $0.00
------------- ---------------------
Total $2,176,011.35
(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: 91.518835%
--------------
2) Senior Prepayment Percentage for such Distribution
Date: 100.00%
---------------
3) Junior Percentage for such Distribution Date: 8.481165%
-------------
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
JULY 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 $48.37352290
---------------- -------------
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 $1.45167307
---------------- -------------
Class B1 36158GBF4 $1.45167307
---------------- -------------
Class B2 36158GBC2 $1.45167307
---------------- -------------
Class B3 36157REZ4 $1.45167307
---------------- -------------
Class B4 36157RFA8 $1.45167307
---------------- -------------
Class B5 36157RFB6 $1.45167307
---------------- -------------
Class R1 36158GBC1 $0.00000000
---------------- -------------
Class R2 36158GBD9 $0.00000000
---------------- -------------
(2) Aggregate Principal prepayments included in distribution:
Class A1 36158GAV0 $1,957,265.13
---------------- -------------
Class A2 36158GAW8 $0.00000000
---------------- -------------
Class A3 36158GAX6 $0.00000000
---------------- -------------
Class A4 36158GAY4 $0.00000000
---------------- -------------
Class A5 36158GAZ1 $0.00000000
---------------- -------------
Class A6 36158GBA5 $0.00000000
---------------- -------------
Class A7 36158GBB3 $0.00000000
---------------- -------------
Class M 36158GBE7 $0.00000000
---------------- -------------
Class B1 36158GBF4 $0.00000000
---------------- -------------
Class B2 36158GBC2 $0.00000000
---------------- -------------
Class B3 36157REZ4 $0.00000000
---------------- -------------
Class B4 36157RFA8 $0.00000000
---------------- -------------
Class B5 36157RFB6 $0.00000000
---------------- -------------
Class R1 36158GBC1 $0.00000000
---------------- -------------
Class R2 36158GBD9 $0.00000000
---------------- -------------
(3) Amount of distribution allocable to interest Pay-out Rate:
Class A1 36158GAV0 $4.85574295 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 $1.94303244 2.33%
---------------------------------------------
Class M 36158GBE7 $5.76644959 6.950%
---------------------------------------------
Class B1 36158GBF4 $6.00706403 7.240%
---------------------------------------------
Class B2 36158GBC2 $6.29746077 7.590%
---------------------------------------------
Class B3 36157REZ4 $7.41045358 8.931%
---------------------------------------------
Class B4 36157RFA8 $7.41045358 8.931%
---------------------------------------------
Class B5 36157RFB6 $7.41045358 8.931%
---------------------------------------------
(4) Servicing Compensation: $69,305.69
------------
The amounts below are for the aggregate of all Certificates:
(5) Pool Principal Balance; $150,026,505.26
------------------
number of Mortgage Loans: 2,169
------------------
(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 $37,670,795.70 $844.63667489
----------------------------------------------
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 $3,849,520.32 $994.19429870
----------------------------------------------
Class B1 36158GBF4 $3,464,767.13 $994.19429870
----------------------------------------------
Class B2 36158GBC2 $1,540,006.97 $994.19429870
----------------------------------------------
Class B3 36157REZ4 $1,540,006.97 $994.19429870
----------------------------------------------
Class B4 36157RFA8 $1,155,253.78 $994.19429870
----------------------------------------------
Class B5 36157RFB6 $1,156,143.04 $994.19429870
----------------------------------------------
Class R1 36158GBC1 $0.00 $0.00000000
----------------------------------------------
Class R2 36158GBD9 $0.00 $0.00000000
----------------------------------------------
(7) Book value of real estate acquired on behalf of Certificate-
holders; $0.00
number of related Mortgage Loans: 0
----------------
(8) Aggregate Scheduled Principal Balance and number of delinquent
Mortgage Loans:
One Payment Delinquent $258,737.57
---------------
8
---------------
Two Payments Delinquent $91,000.83
---------------
2
---------------
Three or more Payments Delinquent $0.00
---------------
0
---------------
TOTAL $349,738.40
---------------
10
---------------
In foreclosure $29,846.48
---------------
0
-----------------
(9) Aggregate Scheduled Principal Balance and number of replaced Mortgage
Loans:
$0.00
-----------------
0
-----------------
(10) Unpaid Net Simple Interest Shortfall:
Class A1 36157NFF6 $0.00
---------------- -------------------------
Class A2 36157NFG4 $0.00
---------------- -------------------------
Class A3 36157NFH2 $0.00
---------------- -------------------------
Class A4 36157NFJ8 $0.00
---------------- -------------------------
Class A5 36157NFK5 $0.00
---------------- -------------------------
Class A6 36157NFL3 $0.00
---------------- -------------------------
Class A7 36157NFM1 $0.00
---------------- -------------------------
Class S 36197HE4 $0.00
---------------- -------------------------
Class M 36157NFQ2 $0.00
---------------- -------------------------
Class B1 36157NFR0 $0.00
---------------- -------------------------
Class B2 36157NFS8 $0.00
---------------- -------------------------
Class B3 36157NFT6 $0.00
---------------- -------------------------
Class B4 36157NFU3 $0.00
---------------- -------------------------
Class B5 36157NFV1 $0.00
---------------- -------------------------
(11) Class Certificate Interest Rate of:
Class M 36157NFQ2 6.950%
---------------- ---------------------
Class B1 36157NFR0 7.240%
---------------- ---------------------
Class B2 36157NFS8 7.590%
---------------- ---------------------
Class B3 36157NFT6 8.931%
---------------- ---------------------
Class B4 36157NFU3 8.931%
---------------- ---------------------
Class B5 36157NFV1 8.931%
---------------- ---------------------
Class S 36197HE4 2.33%
---------------- ---------------------
(12) Senior Percentage for such Distribution Date: 91.518835%
-------------------
(13) Senior Prepayment Percentage for such Distribution Date:
100.00%
-------------------
(14) Junior Percentage for such Distribution Date:
8.481165%
-------------------
(15) Junior Prepayment Percentage for such Distribution Date: 0.00%
-------------------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-----------------------------
Name: Tim Neer
Title: Vice President,
Investor Operations
Exhibit 99.11
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
July, 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 $ 330,028.55
----------------
(b) Interest $ 2,622,974.51
----------------
(c) Total $ 2,953,003.06
----------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 296,639.04
----------------
(b) Interest $ 2,372,460.25
----------------
(c) Total $ 2,669,099.29
----------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 33,389.51
----------------
(b) Interest $ 250,514.26
----------------
(c) Total $ 283,903.77
----------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 74,482.54
----------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 7,176,679.27
----------------
(b) Interest $ 43,612.55
----------------
(c) Total $ 7,220,291.82
----------------
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 $ 2,435.77
----------------
(c) Total $ 2,435.77
----------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 395,099.06
----------------
(b) Interest $ 0.00
----------------
(c) Total $ 395,099.06
----------------
12. Pool Scheduled Principal Balance: $ 418,904,556.17
---------------
13. Available Funds: $ 10,375,574.38
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
---------------------------
(b) Deficient Valuations: $ 0.00
---------------------------
(c) Debt Service Reductions: $ 0.00
---------------------------
(d) Bankruptcy Losses: $ 0.00
---------------------------
(e) Special Hazard Losses: $ 0.00
---------------------------
(f) Fraud Losses: $ 0.00
---------------------------
(g) Excess Bankruptcy Losses: $ 0.00
---------------------------
(h) Excess Special Hazard Losses: $ 0.00
---------------------------
(i) Excess Fraud Losses: $ 0.00
---------------------------
16. Non-Credit Losses: $ 0.00
------------------
17. Compensating Interest Payment: $ 6,375.19
------------------
18. Total interest payments: $ 2,399,284.97
------------------
19. Interest
Accrued Unpaid Class
Certificate Interest Interest
Class Interest Shortfalls Payable Pay-out Rate
- ----- -------- ---------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A1 $ 1,870,404.74 $ 0.00 $ 1,870,404.74 % 6.749999982
A2 $ 71,055.00 $ 0.00 $ 71,055.00 % 6.750000000
A3 $ 239,517.05 $ 0.00 $ 239,517.05 % 6.749999982
A4 $ 118,659.38 $ 0.00 $ 118,659.38 % 6.750000284
M $ 46,087.57 $ 0.00 $ 46,087.57 % 6.750000204
B1 $ 19,929.76 $ 0.00 $ 19,929.76 % 6.749999799
B2 $ 11,210.49 $ 0.00 $ 11,210.49 % 6.750001490
B3 $ 9,964.88 $ 0.00 $ 9,964.88 % 6.749999780
B4 $ 4,982.43 $ 0.00 $ 4,982.43 % 6.749993853
B5 $ 7,473.67 $ 0.00 $ 7,473.67 % 6.749999667
20. Principal Distribution Amount: $ 7,976,289.41
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
Class R $ 0.00 $ 0.00
Class PO $ 17,238.39 $ 0.00
Class A1 $ 7,945,356.95 $ 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 $ 6,333.51 $ 0.00
Class B1 $ 2,738.81 $ 0.00
Class B2 $ 1,540.58 $ 0.00
Class B3 $ 1,369.41 $ 0.00
Class B4 $ 684.70 $ 0.00
Class B5 $ 1,027.06 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
------------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
------------------
24. Subordinate Certificate Writedown Amount: $ 0.00
------------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
------------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 94,385.61
----------------
3. Supplemental Servicing Fee amount: $ 181,111.94
----------------
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 99.12
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
July, 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 % 7.512817
--------------------
Weighted average maturity 352.41
--------------------
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 $ 50.31255655 $ 49.40564931 $ 0.00000000 % 0.00000000
A1 $ 22.73348457 $ 21.82926833 $ 5.35165601 % 6.74999998
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 $ 0.77122441 $ 0.00000000 $ 5.61203169 % 6.75000020
B1 $ 0.77122291 $ 0.00000000 $ 5.61203135 % 6.74999980
B2 $ 0.77122279 $ 0.00000000 $ 5.61203275 % 6.75000149
B3 $ 0.77122573 $ 0.00000000 $ 5.61203135 % 6.74999978
B4 $ 0.77122097 $ 0.00000000 $ 5.61202641 % 6.74999385
B5 $ 0.77122656 $ 0.00000000 $ 5.61203123 % 6.74999967
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 94,385.61
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 418,904,556.17
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,352
-----------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36158GAK4
PO $ 341,294.76 $ 324,056.36 $ 945.80 GEC9805PO
A1 $ 332,516,399.10 $ 324,571,042.15 $ 928.67 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 $ 410,678,576.89 $ 403,114,211.88 $ 942.66 GEC98005S
M $ 8,193,345.53 $ 8,187,012.02 $ 996.92 36158GAL2
B1 $ 3,543,068.55 $ 3,540,329.74 $ 996.92 36158GAM0
B2 $ 1,992,975.56 $ 1,991,434.98 $ 996.92 36158GAN8
B3 $ 1,771,534.28 $ 1,770,164.87 $ 996.92 36157REW1
B4 $ 885,766.14 $ 885,081.44 $ 996.92 36157REX9
B5 $ 1,328,652.51 $ 1,327,625.46 $ 996.92 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 8 Principal Balance $ 1,979,979.68
-------- ----------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ----------------
3. 90 days or more
Number 1 Principal Balance $ 460,916.16
-------- ----------------
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
July, 1998
Series 1998-6A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 155,518.49
----------------
(b) Interest $ 1,221,505.67
----------------
(c) Total $ 1,377,024.16
----------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 127,712.86
----------------
(b) Interest $ 1,006,712.21
----------------
(c) Total $ 1,134,425.07
----------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 27,805.63
----------------
(b) Interest $ 214,793.46
----------------
(c) Total $ 242,599.09
----------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 45,633.25
----------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 2,368,940.71
----------------
(b) Interest $ 14,977.79
----------------
(c) Total $ 2,383,918.50
----------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
----------------
(b) Interest $ 0.00
----------------
(c) Total $ 0.00
----------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
----------------
(b) Interest $ 0.00
----------------
(c) Total $ 0.00
----------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
----------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
----------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
----------------
(b) Interest $ 0.00
----------------
(c) Total $ 0.00
----------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
----------------
(b) Interest $ 0.00
----------------
(c) Total $ 0.00
----------------
12. Pool Scheduled Principal Balance: $ 196,877,753.72
---------------
13. Available Funds: $ 3,690,966.40
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
---------------------------
(b) Deficient Valuations: $ 0.00
---------------------------
(c) Debt Service Reductions: $ 0.00
---------------------------
(d) Bankruptcy Losses: $ 0.00
---------------------------
(e) Special Hazard Losses: $ 0.00
---------------------------
(f) Fraud Losses: $ 0.00
---------------------------
(g) Excess Bankruptcy Losses: $ 0.00
---------------------------
(h) Excess Special Hazard Losses: $ 0.00
---------------------------
(i) Excess Fraud Losses: $ 0.00
---------------------------
16. Non-Credit Losses: $ 0.00
----------------
17. Compensating Interest Payment: $ 3,776.55
----------------
18. Total interest payments: $ 1,120,873.94
----------------
19. Interest
Accrued Unpaid Class
Certificate Interest Interest
Class Interest Shortfalls Payable Pay-out Rate
- ----- -------- ---------- ------- ------------
1PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A1 $ 707,365.10 $ 0.00 $ 707,365.10 % 6.749999993
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 $ 21,061.97 $ 0.00 $ 21,061.97 % 6.750001446
1B1 $ 9,108.33 $ 0.00 $ 9,108.33 % 6.749998527
1B2 $ 5,123.79 $ 0.00 $ 5,123.79 % 6.750003261
1B3 $ 4,551.36 $ 0.00 $ 4,551.36 % 6.750000056
1B4 $ 2,276.80 $ 0.00 $ 2,276.80 % 6.749992903
1B5 $ 3,413.71 $ 0.00 $ 3,413.71 % 6.749998418
20. Principal Distribution Amount: $ 2,570,092.46
----------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 1PO $ 166.85 $ 0.00
Class 1A1 $ 2,563,614.11 $ 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 $ 2,919.28 $ 0.00
Class 1B1 $ 1,262.46 $ 0.00
Class 1B2 $ 710.18 $ 0.00
Class 1B3 $ 630.84 $ 0.00
Class 1B4 $ 315.58 $ 0.00
Class 1B5 $ 473.16 $ 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: $ 44,390.85
-------------
3. Supplemental Servicing Fee amount: $ 73,126.02
-------------
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 99.14
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
July, 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 % 7.443937
-------------------------
Weighted average maturity 353.95
-------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
1PO $ 0.91742867 $ 0.03612530 $ 0.00000000 % 0.00000000
1A1 $ 19.85204831 $ 18.69786419 $ 5.47767547 % 6.74999999
1A2 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1A3 $ 0.00000000 $ 0.00000000 $ 5.45833380 % 6.55000056
1A4 $ 0.00000000 $ 0.00000000 $ 6.12500047 % 7.35000056
1A5 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1A6 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
1M $ 0.77785238 $ 0.00000000 $ 5.61203570 % 6.75000145
1B1 $ 0.77785582 $ 0.00000000 $ 5.61203327 % 6.74999853
1B2 $ 0.77785323 $ 0.00000000 $ 5.61203724 % 6.75000326
1B3 $ 0.77785450 $ 0.00000000 $ 5.61203453 % 6.75000006
1B4 $ 0.77786542 $ 0.00000000 $ 5.61202859 % 6.74999290
1B5 $ 0.77786034 $ 0.00000000 $ 5.61203320 % 6.74999842
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:
$ 44,390.85
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 196,877,753.72
----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 634
-----------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
1PO $ 181,369.04 $ 181,202.19 $ 996.34 GEC986PO1
1A1 $ 125,753,795.68 $ 123,190,181.57 $ 953.96 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 $ 191,052,046.07 $ 188,489,905.38 $ 969.45 GE986SUP1
1R $ 0.00 $ 0.00 $ 0.00 36158GCD8
1M $ 3,744,349.42 $ 3,741,430.14 $ 996.92 36158GBP2
1B1 $ 1,619,259.02 $ 1,617,996.57 $ 996.92 36158GBQ0
1B2 $ 910,895.56 $ 910,185.38 $ 996.92 36158GBR8
1B3 $ 809,130.66 $ 808,499.82 $ 996.92 36158GCE6
1B4 $ 404,764.87 $ 404,449.30 $ 996.92 36158GCF3
1B5 $ 606,881.92 $ 606,408.76 $ 996.92 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 3 Principal Balance $ 980,583.52
-------- ---------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ---------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ---------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ---------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ---------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
---------------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
1A3 % 6.55000056
1A4 % 7.35000056
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
----------------
2. Bankruptcy Loss Amount: $ 0.00
----------------
3. Fraud Loss Amount: $ 0.00
----------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
------------
F. Ending Notional Component Balances (if applicable):
Ending Notional Balance
Class
Class 1A5_1 $ 0.00
Class 1A5_2 $ 0.00
Ending Component Principal Balances (if applicable):
Ending Component Balance
Class
Class 1A5_1 $ 1,780,000.00
Class 1A5_2 $ 2,320,000.00
Exhibit 99.15
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
July, 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 $ 251,124.99
----------------
(b) Interest $ 1,983,971.56
----------------
(c) Total $ 2,235,096.55
----------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 227,139.26
----------------
(b) Interest $ 1,796,016.48
----------------
(c) Total $ 2,023,155.74
----------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 23,985.73
----------------
(b) Interest $ 187,955.08
----------------
(c) Total $ 211,940.81
----------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 63,773.39
----------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 3,301,905.81
----------------
(b) Interest $ 18,123.91
----------------
(c) Total $ 3,320,029.72
----------------
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: $ 318,918,780.67
---------------
13. Available Funds: $ 5,430,102.77
---------------
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: $ 2,343.14
----------------
18. Total interest payments: $ 1,813,298.58
--------------
19. Interest
Accrued Unpaid Class
Certificate Interest Interest
Class Interest Shortfalls Payable Pay-out Rate
- ----- -------- ---------- ------- ------------
2PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2A1 $ 16,095.62 $ 0.00 $ 16,095.62 % 6.749998126
2A2 $ 442,728.45 $ 0.00 $ 442,728.45 % 6.750000061
2A3 $ 697,804.06 $ 0.00 $ 697,804.06 % 6.749999965
2A4 $ 123,238.13 $ 0.00 $ 123,238.13 % 6.750000274
2A5 $ 90,759.38 $ 0.00 $ 90,759.38 % 6.750000372
2A6 $ 135,797.88 $ 0.00 $ 135,797.88 % 6.550000241
2A7 $ 50,794.63 $ 0.00 $ 50,794.63 % 7.350000724
2A8 $ 182,812.50 $ 0.00 $ 182,812.50 % 6.750000000
2M $ 33,885.36 $ 0.00 $ 33,885.36 % 6.750000213
2B1 $ 14,652.98 $ 0.00 $ 14,652.98 % 6.750001612
2B2 $ 8,244.05 $ 0.00 $ 8,244.05 % 6.749997508
2B3 $ 7,326.49 $ 0.00 $ 7,326.49 % 6.750001612
2B4 $ 3,663.24 $ 0.00 $ 3,663.24 % 6.749992399
2B5 $ 5,495.81 $ 0.00 $ 5,495.81 % 6.750000614
20. Principal Distribution Amount: $ 3,616,804.19
----------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 2PO $ 168.13 $ 0.00
Class 2A1 $ 366,625.64 $ 0.00
Class 2A2 $ 1,403,754.05 $ 0.00
Class 2A3 $ 1,836,115.55 $ 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 $ 4,689.98 $ 0.00
Class 2B1 $ 2,028.08 $ 0.00
Class 2B2 $ 1,141.04 $ 0.00
Class 2B3 $ 1,014.04 $ 0.00
Class 2B4 $ 507.02 $ 0.00
Class 2B5 $ 760.66 $ 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
BOther 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: $ 69,485.00
-----------
3. Supplemental Servicing Fee amount: $ 122,861.58
-----------
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 99.16
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
July, 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 % 7.461168
----------------------
Weighted average maturity 353.52
----------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
2PO $ 0.97822798 $ 0.09885263 $ 0.00000000 % 0.00000000
2A1 $ 112.80788923 $ 105.27485231 $ 4.95249846 % 6.74999813
2A2 $ 17.50425899 $ 16.33536692 $ 5.52064904 % 6.75000006
2A3 $ 14.57234563 $ 13.59923960 $ 5.53812746 % 6.74999997
2A4 $ 0.00000000 $ 0.00000000 $ 5.62500023 % 6.75000027
2A5 $ 0.00000000 $ 0.00000000 $ 5.62500031 % 6.75000037
2A6 $ 0.00000000 $ 0.00000000 $ 5.45833353 % 6.55000024
2A7 $ 0.00000000 $ 0.00000000 $ 6.12500060 % 7.35000072
2A8 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
2M $ 0.77674395 $ 0.00000000 $ 5.61201722 % 6.75000021
2B1 $ 0.77674454 $ 0.00000000 $ 5.61201838 % 6.75000161
2B2 $ 0.77674609 $ 0.00000000 $ 5.61201498 % 6.74999751
2B3 $ 0.77674454 $ 0.00000000 $ 5.61201838 % 6.75000161
2B4 $ 0.77674454 $ 0.00000000 $ 5.61201072 % 6.74999240
2B5 $ 0.77674397 $ 0.00000000 $ 5.61201754 % 6.75000061
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:
$ 69,485.00
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 318,918,780.67
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,018
-----------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
2PO $ 171,395.62 $ 171,227.49 $ 996.25 GEC986PO2
2A1 $ 2,861,444.35 $ 2,494,818.71 $ 767.64 36158GBS6
2A2 $ 78,707,279.29 $ 77,303,525.24 $ 963.94 36158GBT4
2A3 $ 124,054,055.75 $ 122,217,940.21 $ 969.98 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 $ 313,042,194.75 $ 309,435,184.08 $ 976.54 GE986SUP2
2M $ 6,024,063.81 $ 6,019,373.83 $ 996.92 36158GCA4
2B1 $ 2,604,973.60 $ 2,602,945.52 $ 996.92 36158GCB2
2B2 $ 1,465,609.43 $ 1,464,468.39 $ 996.92 36158GCC0
2B3 $ 1,302,486.80 $ 1,301,472.76 $ 996.92 36158GCH9
2B4 $ 651,243.40 $ 650,736.38 $ 996.92 36158GCJ5
2B5 $ 977,032.80 $ 976,272.14 $ 996.92 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 3 Principal Balance $ 946,139.97
-------- ----------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ----------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ----------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ----------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ----------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
--------------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
2A6 % 6.55000024
2A7 % 7.35000072
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-----------------
2. Bankruptcy Loss Amount: $ 0.00
-----------------
3. Fraud Loss Amount: $ 0.00
-----------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
F. Ending Notional Component Balances (if applicable):
Ending Notional Balance
Class
N/A $ N/A
Ending Component Principal Balances (if applicable):
Ending Component Balance
Class
N/A $ N/A
Exhibit 99.17
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
July, 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 $ 545,288.82
----------------
(b) Interest $ 985,778.43
----------------
(c) Total $ 1,531,067.25
----------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 376,678.98
----------------
(b) Interest $ 688,655.48
----------------
(c) Total $ 1,065,334.46
----------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 168,609.84
----------------
(b) Interest $ 297,122.95
----------------
(c) Total $ 465,732.79
----------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 201,932.56
----------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 1,648,311.42
----------------
(b) Interest $ 10,224.52
----------------
(c) Total $ 1,658,535.94
----------------
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 $ 273,486.55
----------------
(b) Interest $ 1,650.38
----------------
(c) Total $ 275,136.93
----------------
12. Pool Scheduled Principal Balance: $ 163,844,508.35
---------------
13. Available Funds: $ 3,569,399.94
---------------
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: $ 1,697.83
----------------
18. Total interest payments: $ 900,380.60
----------------
19. Interest
Accrued Unpaid Class
Certificate Interest Interest
Class Interest Shortfalls Payable Pay-out Rate
- ----- -------- ---------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A $ 879,486.50 $ 0.00 $ 879,486.50 % 6.500000012
M $ 9,288.89 $ 0.00 $ 9,288.89 % 6.499998181
B1 $ 2,321.04 $ 0.00 $ 2,321.04 % 6.500010653
B2 $ 2,321.04 $ 0.00 $ 2,321.04 % 6.500010653
B3 $ 3,713.66 $ 0.00 $ 3,713.66 % 6.500007388
B4 $ 1,856.83 $ 0.00 $ 1,856.83 % 6.500007483
B5 $ 1,392.64 $ 0.00 $ 1,392.64 % 6.500022481
20. Principal Distribution Amount: $ 2,669,019.34
----------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 1,039.95 $ 0.00
Class A $ 2,655,348.77 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 5,615.20 $ 0.00
Class B1 $ 1,403.08 $ 0.00
Class B2 $ 1,403.08 $ 0.00
Class B3 $ 2,244.93 $ 0.00
Class B4 $ 1,122.47 $ 0.00
Class B5 $ 841.86 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
----------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
0.00
-----------------
24. Subordinate Certificate Writedown Amount: 0.00
-----------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
----------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 36,260.94
-----------
3. Supplemental Servicing Fee amount: $ 62,045.82
-----------
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 99.18
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
July, 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 % 7.199929
------------------------
Weighted average maturity 173.41
------------------------
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 $ 3.54976567 $ 0.12848039 $ 0.00000000 % 0.00000000
A $ 15.72421845 $ 12.57590389 $ 5.20806834 % 6.50000001
M $ 3.24304157 $ 0.00000000 $ 5.36476998 % 6.49999818
B1 $ 3.24303584 $ 0.00000000 $ 5.36478028 % 6.50001065
B2 $ 3.24303584 $ 0.00000000 $ 5.36478028 % 6.50001065
B3 $ 3.24304061 $ 0.00000000 $ 5.36477760 % 6.50000739
B4 $ 3.24305505 $ 0.00000000 $ 5.36477760 % 6.50000748
B5 $ 3.24305071 $ 0.00000000 $ 5.36479004 % 6.50002248
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:
$ 36,260.94
------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 163,844,508.35
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 500
---------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36158GAB4
PO $ 289,420.07 $ 288,380.12 $ 984.36 GEC9807PO
A $ 162,366,738.17 $ 159,711,389.40 $ 945.77 36158GAA6
SUP $ 156,353,773.48 $ 153,721,042.42 $ 944.73 GEC987SUP
M $ 1,714,872.48 $ 1,709,257.28 $ 987.18 36158GAC2
B1 $ 428,498.99 $ 427,095.91 $ 987.18 36158GAD0
B2 $ 428,498.99 $ 427,095.91 $ 987.18 36158GAE8
B3 $ 685,597.99 $ 683,353.06 $ 987.18 36158GAP3
B4 $ 342,798.99 $ 341,676.53 $ 987.18 36158GAQ1
B5 $ 257,101.88 $ 256,260.02 $ 987.18 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 5 Principal Balance $ 2,505,308.36
-------- -----------------
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
July, 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 $ 391,448.78
----------------
(b) Interest $ 3,052,689.35
----------------
(c) Total $ 3,444,138.13
----------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 371,913.20
----------------
(b) Interest $ 2,902,711.16
----------------
(c) Total $ 3,274,624.36
----------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 19,535.58
----------------
(b) Interest $ 149,978.19
----------------
(c) Total $ 169,513.77
----------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 93,368.27
----------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 3,943,546.92
----------------
(b) Interest $ 26,933.39
----------------
(c) Total $ 3,970,480.31
----------------
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 $ 511,598.27
----------------
(b) Interest $ 2,820.88
----------------
(c) Total $ 514,419.15
----------------
12. Pool Scheduled Principal Balance: $ 492,440,648.51
---------------
13. Available Funds: $ 7,734,759.08
---------------
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: $ 2,185.10
----------------
18. Total interest payments: $ 2,794,797.85
----------------
19. Interest
Accrued Unpaid Class
Certificate Interest Interest
Class Interest Shortfalls Payable Pay-out Rate
- ----- -------- ---------- ------- ------------
1PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A1 $ 1,117,176.44 $ 0.00 $ 1,117,176.44 % 6.749999970
1A2 $ 16,700.43 $ 0.00 $ 16,700.43 % 6.750000576
1A3 $ 1,243,638.86 $ 0.00 $ 1,243,638.86 % 6.750000022
1A4 $ 134,628.27 $ 0.00 $ 134,628.27 % 6.750000188
1A5 $ 163,125.00 $ 0.00 $ 163,125.00 % 6.750000000
1R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1M $ 59,060.09 $ 0.00 $ 59,060.09 % 6.750000492
1B1 $ 22,498.55 $ 0.00 $ 22,498.55 % 6.750001388
1B2 $ 12,653.33 $ 0.00 $ 12,653.33 % 6.750002307
1B3 $ 11,249.27 $ 0.00 $ 11,249.27 % 6.749998387
1B4 $ 5,627.44 $ 0.00 $ 5,627.44 % 6.749994655
1B5 $ 8,439.17 $ 0.00 $ 8,439.17 % 6.750002020
20. Principal Distribution Amount: $ 4,939,961.23
----------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 1PO $ 555.27 $ 0.00
Class 1A1 $ 2,055,684.31 $ 0.00
Class 1A2 $ 45,872.02 $ 0.00
Class 1A3 $ 2,821,129.36 $ 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 $ 8,261.68 $ 0.00
Class 1B1 $ 3,147.23 $ 0.00
Class 1B2 $ 1,770.02 $ 0.00
Class 1B3 $ 1,573.62 $ 0.00
Class 1B4 $ 787.20 $ 0.00
Class 1B5 $ 1,180.52 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
----------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
----------------
24. Subordinate Certificate Writedown Amount: $ 1.00
----------------
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: $ 104,675.85
-----------
3. Supplemental Servicing Fee amount: $ 180,580.20
-----------
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 99.20
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
July, 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 % 7.43358
------------------------
Weighted average maturity 353.47
------------------------
A. Amount of distribution allocable to principal and interest: The amounts
below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
1PO $ 1.04968752 $ 0.11230921 $ 0.00000000 % 0.00000000
1A1 $ 10.27842155 $ 9.49703490 $ 5.58588220 % 6.74999997
1A2 $ 15.29067333 $ 14.12824667 $ 5.56681000 % 6.75000058
1A3 $ 12.65080430 $ 11.68906426 $ 5.57685587 % 6.75000002
1A4 $ 0.00000000 $ 0.00000000 $ 5.62500016 % 6.75000019
1A5 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1R $ 0.00000000 $ 0.00000000 $ 10.00000000 % 0.00000000
1M $ 0.78562952 $ 0.00000000 $ 5.61621244 % 6.75000049
1B1 $ 0.78562906 $ 0.00000000 $ 5.61621318 % 6.75000139
1B2 $ 0.78562805 $ 0.00000000 $ 5.61621394 % 6.75000231
1B3 $ 0.78563155 $ 0.00000000 $ 5.61621068 % 6.74999839
1B4 $ 0.78562874 $ 0.00000000 $ 5.61620758 % 6.74999465
1B5 $ 0.78562852 $ 0.00000000 $ 5.61621371 % 6.75000202
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:
$ 104,675.85
----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 492,440,648.51
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,625
-----------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
1PO $ 527,839.71 $ 527,283.44 $ 996.78 GEC9881PO
1A1 $ 198,609,145.77 $ 196,553,461.46 $ 982.77 36157RFC4
1A2 $ 2,968,965.08 $ 2,923,093.05 $ 974.36 36157RFD2
1A3 $ 221,091,352.16 $ 218,270,222.80 $ 978.79 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 $ 473,234,239.96 $ 468,320,170.46 $ 982.74 GE988SUP1
1R $ 0.00 $ 0.00 $ 0.00 36157RFL4
1M $ 10,499,570.79 $ 10,491,309.11 $ 997.65 36157RFH3
1B1 $ 3,999,741.40 $ 3,996,594.17 $ 997.65 36157RFJ9
1B2 $ 2,249,480.12 $ 2,247,710.10 $ 997.65 36157RFK6
1B3 $ 1,999,870.70 $ 1,998,297.08 $ 997.65 36158GCL0
1B4 $ 1,000,434.57 $ 999,647.37 $ 997.65 36158GCM8
1B5 $ 1,500,296.44 $ 1,499,115.92 $ 997.65 36158GCN6
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- ----------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ----------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ----------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ----------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ----------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
----------------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-------------------
2. Bankruptcy Loss Amount: $ 0.00
-------------------
3. Fraud Loss Amount: $ 0.00
-------------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
------------
Exhibit 99.21
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
July, 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 $ 134,278.94
----------------
(b) Interest $ 1,071,571.93
----------------
(c) Total $ 1,205,850.87
----------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 131,634.17
----------------
(b) Interest $ 1,048,639.87
----------------
(c) Total $ 1,180,274.04
----------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 2,644.77
----------------
(b) Interest $ 22,932.06
----------------
(c) Total $ 25,576.83
----------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 19,321.42
----------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 235,428.57
----------------
(b) Interest $ 1,469.76
----------------
(c) Total $ 236,898.33
----------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
----------------
(b) Interest $ 0.00
----------------
(c) Total $ 0.00
----------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
----------------
(b) Interest $ 0.00
----------------
(c) Total $ 0.00
----------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
----------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
----------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
----------------
(b) Interest $ 0.00
----------------
(c) Total $ 0.00
----------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
----------------
(b) Interest $ 0.00
----------------
(c) Total $ 0.00
----------------
12. Pool Scheduled Principal Balance: $ 172,562,711.37
---------------
13. Available Funds: $ 1,361,531.11
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
-----------------
17. Compensating Interest Payment: $ 33.36
-----------------
18. Total interest payments: $ 972,504.17
-----------------
19. Interest
Unpaid Class
Accrued Certificate Interest Interest
Class Interest Shortfalls Payable Pay-out Rate
- ----- -------- ---------- ------- ------------
2PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2A1 $ 449,560.51 $ 0.00 $ 449,560.51 % 6.749999999
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 $ 19,208.18 $ 0.00 $ 19,208.18 % 6.749999201
2B1 $ 7,879.85 $ 0.00 $ 7,879.85 % 6.750001842
2B2 $ 3,942.73 $ 0.00 $ 3,942.73 % 6.749996319
2B3 $ 3,942.73 $ 0.00 $ 3,942.73 % 6.749996319
2B4 $ 1,965.75 $ 0.00 $ 1,965.75 % 6.750001288
2B5 $ 3,453.36 $ 0.00 $ 3,453.36 % 6.750007770
20. Principal Distribution Amount: $ 389,026.94
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 2PO $ 55.21 $ 0.00
Class 2A1 $ 383,396.73 $ 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 $ 2,651.12 $ 0.00
Class 2B1 $ 1,087.58 $ 0.00
Class 2B2 $ 544.18 $ 0.00
Class 2B3 $ 544.18 $ 0.00
Class 2B4 $ 271.31 $ 0.00
Class 2B5 $ 476.63 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
---------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
---------------
24. Subordinate Certificate Writedown Amount: $ 2.00
---------------
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: $ 37,586.83
-------------
3. Supplemental Servicing Fee amount: $ 63,813.79
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category A Category B Category C
5. Senior Percentage: % N/A N/A N/A N/A
---- ----- -------- -------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
---- ----- -------- -------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
---- ----- -------- -------
8. Senior Prepayment Percentage:
% N/A N/A N/A N/A
---- ----- -------- -------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
---- ----- -------- -------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
---- ----- -------- -------
11. Junior Percentage: % N/A
----
12. Junior Prepayment Percentage:
% N/A
----
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President,
Investor Operations
Exhibit 99.22
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
July, 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 % 7.446308
------------------------
Weighted average maturity 354.95
------------------------
A. Amount of distribution allocable to principal and interest: The amounts
below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
2PO $ 0.88182210 $ 0.01804852 $ 0.00000000 % 0.00000000
2A1 $ 4.65572021 $ 3.09347997 $ 5.45917007 % 6.75000000
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 $ 20.00000000 % 0.00000000
2M $ 0.77518129 $ 0.00000000 $ 5.61642690 % 6.74999920
2B1 $ 0.77518175 $ 0.00000000 $ 5.61642908 % 6.75000184
2B2 $ 0.77518519 $ 0.00000000 $ 5.61642450 % 6.74999632
2B3 $ 0.77518519 $ 0.00000000 $ 5.61642450 % 6.74999632
2B4 $ 0.77517143 $ 0.00000000 $ 5.61642857 % 6.75000129
2B5 $ 0.77517576 $ 0.00000000 $ 5.61643403 % 6.75000777
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:
$ 37,586.83
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 172,562,711.37
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 544
-----------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
2PO $ 62,465.16 $ 62,407.94 $ 996.79 GEC9882PO
2A1 $ 79,921,868.46 $ 79,538,471.73 $ 965.86 36157RFM2
2A2 $ 15,125,000.00 $ 15,125,000.00 $ 1,000.00 36157RFN0
2A3 $ 2,500,000.00 $ 2,500,000.00 $ 1,000.00 36157RFP5
2A4 $ 2,750,000.00 $ 2,750,000.00 $ 1,000.00 36157RFQ3
2A5 $ 4,125,000.00 $ 4,125,000.00 $ 1,000.00 36157RFR1
2A6 $ 4,321,969.00 $ 4,321,969.00 $ 1,000.00 36157RFS9
2A7 $ 3,625,000.00 $ 3,625,000.00 $ 1,000.00 36157RFT7
2A8 $ 3,625,000.00 $ 3,625,000.00 $ 1,000.00 36157RFU4
2A9 $ 3,625,000.00 $ 3,625,000.00 $ 1,000.00 36157RFV2
2A10 $ 3,625,000.00 $ 3,625,000.00 $ 1,000.00 36157RFW0
2A11 $ 3,625,000.00 $ 3,625,000.00 $ 1,000.00 36157RFX8
2A12 $ 11,339,531.00 $ 11,339,531.00 $ 1,000.00 36157RFY6
2A13 $ 10,000,000.00 $ 10,000,000.00 $ 1,000.00 36157RFZ3
2A14 $ 17,500,000.00 $ 17,500,000.00 $ 1,000.00 36157RGA7
SUP2 $ 168,559,665.36 $ 168,174,681.08 $ 983.55 GE988SUP2
2R $ 0.00 $ 0.00 $ 0.00 36157RGE9
2M $ 3,414,787.96 $ 3,412,136.84 $ 997.70 36157RGB5
2B1 $ 1,400,861.84 $ 1,399,774.27 $ 997.70 36157RGC3
2B2 $ 700,930.16 $ 700,385.98 $ 997.70 36157RGD1
2B3 $ 700,930.16 $ 700,385.98 $ 997.70 36158GC91
2B4 $ 349,466.60 $ 349,195.29 $ 997.70 36158GCQ9
2B5 $ 613,929.96 $ 613,453.33 $ 997.70 36158GCR7
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- ---------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ---------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ---------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ---------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ---------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
----------------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-----------------
2. Bankruptcy Loss Amount: $ 0.00
-----------------
3. Fraud Loss Amount: $ 0.00
-----------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
------------
Exhibit 99.23
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
July, 1998
Series 1998-09, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 591,643.11
----------------
(b) Interest $ 4,568,165.23
----------------
(c) Total $ 5,159,808.34
----------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 566,115.00
----------------
(b) Interest $ 4,370,055.65
----------------
(c) Total $ 4,936,170.65
----------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 25,528.11
----------------
(b) Interest $ 198,109.58
----------------
(c) Total $ 223,637.69
----------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 364,196.72
----------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 5,260,224.34
----------------
(b) Interest $ 33,757.70
----------------
(c) Total $ 5,293,982.04
----------------
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 $ 235,256.87
----------------
(b) Interest $ 1,326.59
----------------
(c) Total $ 236,583.46
----------------
12. Pool Scheduled Principal Balance: $ 740,890,744.51
---------------
13. Available Funds: $ 10,650,530.92
---------------
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: $ 4,280.20
---------------------------
18. Total interest payments: $ 4,199,209.87
---------------------------
19. Interest
Accrued Unpaid Class
Certificate Interest Interest
Class Interest Shortfalls Payable Pay-out Rate
- ----- -------- ---------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A1 $ 264,722.72 $ 0.00 $ 264,722.72 % 6.500000102
A2 $ 295,959.73 $ 0.00 $ 295,959.73 % 6.499999927
A3 $ 1,179,627.85 $ 0.00 $ 1,179,627.85 % 7.000000007
A4 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A5 $ 95,115.07 $ 0.00 $ 0.00 % 6.750000247
A6 $ 78,654.04 $ 0.00 $ 78,654.04 % 6.699999879
A7 $ 29,085.00 $ 0.00 $ 29,085.00 % 7.000000000
A8 $ 287,859.38 $ 0.00 $ 287,859.38 % 6.750000117
A10 $ 914,672.67 $ 0.00 $ 914,672.67 % 6.750000032
A11 $ 113,917.50 $ 0.00 $ 113,917.50 % 6.750000000
A12 $ 128,700.00 $ 0.00 $ 128,700.00 % 6.750000000
A13 $ 130,481.72 $ 0.00 $ 130,481.72 % 6.750000065
A14 $ 29,166.67 $ 0.00 $ 29,166.67 % 7.000000800
A15 $ 178,750.00 $ 0.00 $ 178,750.00 % 6.500000000
A9 $ 28,439.71 $ 0.00 $ 28,439.71 % 6.750000593
A16 $ 21,130.94 $ 0.00 $ 21,130.94 % 6.942857589
A17 $ 125,966.81 $ 0.00 $ 125,966.81 % 6.749999866
A18 $ 55,575.00 $ 0.00 $ 55,575.00 % 6.750000000
A19 $ 72,406.40 $ 0.00 $ 72,406.40 % 6.750000466
RL $ 0.00 $ 0.00 $ 0.00 % 0.000000000
M $ 78,151.94 $ 0.00 $ 78,151.94 % 6.750000171
B1 $ 33,795.58 $ 0.00 $ 33,795.58 % 6.749999091
B2 $ 19,008.26 $ 0.00 $ 19,008.26 % 6.750000024
B3 $ 16,900.60 $ 0.00 $ 16,900.60 % 6.749999014
B4 $ 8,447.49 $ 0.00 $ 8,447.49 % 6.749999191
B5 $ 12,674.78 $ 0.00 $ 12,674.78 % 6.749998719
20. Principal Distribution Amount: $ 6,451,321.05
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 998.91 $ 0.00
Class A1 $ 0.00 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 987,858.09 $ 0.00
Class A4 $ 36,587.34 $ 0.00
Class A5 $ 3,397,374.55 $ 95,115.07
Class A6 $ 0.00 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A8 $ 0.00 $ 0.00
Class A10 $ 2,099,839.72 $ 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 $ 10,997.00 $ 0.00
Class B1 $ 4,755.48 $ 0.00
Class B2 $ 2,674.71 $ 0.00
Class B3 $ 2,378.14 $ 0.00
Class B4 $ 1,188.67 $ 0.00
Class B5 $ 1,783.51 $ 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:
$ 0.01
-----------------
24. Subordinate Certificate Writedown Amount: $ 0.00
-----------------
Accumulative
Class Supported Shortfall Supported Shortfall
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
------------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class A6 % 6.69999988
Class A16 % 6.94285759
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 153,474.73
-------------
3. Supplemental Servicing Fee amount: $ 247,931.72
-------------
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 99.24
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
July, 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 % 7.394566
------------------------
Weighted average maturity 354.04
------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.10000000 % 0.00000000
PO $ 1.22260817 $ 0.29321985 $ 0.00000000 % 0.00000000
A1 $ 0.00000000 $ 0.00000000 $ 5.41666675 % 6.50000010
A2 $ 0.00000000 $ 0.00000000 $ 5.41666661 % 6.49999993
A3 $ 4.86579951 $ 4.43642017 $ 5.81038174 % 7.00000001
A4 $ 4.63768480 $ 4.22843481 $ 0.00000000 % 0.00000000
A5 $ 174.26728686 $ 163.46567231 $ 5.01942542 % 6.75000025
A6 $ 0.00000000 $ 0.00000000 $ 5.58333323 % 6.69999988
A7 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
A8 $ 0.00000000 $ 0.00000000 $ 5.62500010 % 6.75000012
A10 $ 12.80387083 $ 11.67400158 $ 5.57725935 % 6.75000003
A11 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
A12 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
A13 $ 0.00000000 $ 0.00000000 $ 5.62500005 % 6.75000006
A14 $ 0.00000000 $ 0.00000000 $ 5.83333400 % 7.00000080
A15 $ 0.00000000 $ 0.00000000 $ 5.41666667 % 6.50000000
A9 $ 0.00000000 $ 0.00000000 $ 5.62500049 % 6.75000059
A16 $ 0.00000000 $ 0.00000000 $ 5.78571466 % 6.94285759
A17 $ 0.00000000 $ 0.00000000 $ 5.62499989 % 6.74999987
A18 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
A19 $ 0.00000000 $ 0.00000000 $ 5.62500039 % 6.75000047
RL $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
M $ 0.79086659 $ 0.00000000 $ 5.62041999 % 6.75000017
B1 $ 0.79086646 $ 0.00000000 $ 5.62041909 % 6.74999909
B2 $ 0.79086635 $ 0.00000000 $ 5.62041987 % 6.75000002
B3 $ 0.79086797 $ 0.00000000 $ 5.62041902 % 6.74999901
B4 $ 0.79086494 $ 0.00000000 $ 5.62041916 % 6.74999919
B5 $ 0.79086762 $ 0.00000000 $ 5.62041878 % 6.74999872
2. Unanticipated Recoveries: $ 0.00
--------------------
B. Accrual Amount
1.
Accrual Amount
Class
A5 $ 95,115.07
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 153,474.73
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 740,890,744.51
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 2,425
--------------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36158GDQ8
PO $ 815,868.71 $ 814,869.80 $ 997.35 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 $ 202,221,916.95 $ 201,234,058.86 $ 991.20 36158GCU0
A4 $ 7,859,553.92 $ 7,822,966.58 $ 991.61 36158GCV8
A5 $ 16,909,345.16 $ 13,607,085.68 $ 718.07 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 $ 162,608,473.90 $ 160,508,634.18 $ 978.71 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 $ 709,844,019.07 $ 703,435,178.25 $ 985.09 GEC98009S
RL $ 0.00 $ 0.00 $ 0.00 36158GDR6
M $ 13,893,677.87 $ 13,882,680.87 $ 998.39 36158GDM7
B1 $ 6,008,103.92 $ 6,003,348.44 $ 998.39 36158GDN5
B2 $ 3,379,246.21 $ 3,376,571.50 $ 998.39 36158GDP0
B3 $ 3,004,551.55 $ 3,002,173.41 $ 998.39 36158GDS4
B4 $ 1,501,776.18 $ 1,500,587.51 $ 998.39 36158GDT2
B5 $ 2,253,294.65 $ 2,251,511.14 $ 998.39 36158GDU9
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- -------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
-------------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
A6 % 6.69999988
A16 % 6.94285759
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-----------------
2. Bankruptcy Loss Amount: $ 0.00
-----------------
3. Fraud Loss Amount: $ 0.00
-----------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
------------
F. Ending Notional Component Balances (if applicable):
Ending Notional Balance
Class
Class A4_1 $ 0.00
Class A4_2 $ 0.00
Class A4_3 $ 0.00
Ending Component Principal Balances (if applicable):
Ending Component Balance
Class
Class A4_1 $ 7,453,113.58
Class A4_2 $ 185,186.00
Class A4_3 $ 184,667.00
Exhibit 99.25
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
July, 1998
Series 1998-10A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 386,006.57
---------------
(b) Interest $ 3,052,320.24
---------------
(c) Total $ 3,438,326.81
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 327,936.02
---------------
(b) Interest $ 2,591,550.50
---------------
(c) Total $ 2,919,486.52
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 58,070.55
---------------
(b) Interest $ 460,769.74
---------------
(c) Total $ 518,840.29
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 103,768.89
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 4,956,014.37
---------------
(b) Interest $ 32,687.79
---------------
(c) Total $ 4,988,702.16
---------------
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 $ 236,721.60
---------------
(b) Interest $ 1,358.07
---------------
(c) Total $ 238,079.67
---------------
12. Pool Scheduled Principal Balance: $ 493,611,215.24
---------------
13. Available Funds: $ 8,487,476.99
---------------
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: $ 3,544.66
---------------
18. Total interest payments: $ 2,804,966.54
---------------
19. Interest
Accrued Unpaid Class
Certificate Interest Interest
Class Interest Shortfalls Payable Pay-out Rate
- ----- -------- ---------- ------- ------------
PO1 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A1 $ 554,404.96 $ 0.00 $ 554,404.96 % 6.650000020
1A2 $ 189,583.33 $ 0.00 $ 189,583.33 % 6.499999886
1A3 $ 152,160.00 $ 0.00 $ 152,160.00 % 6.400000000
1A4 $ 23,949.83 $ 0.00 $ 23,949.83 % 6.749999295
1A5 $1,120,657.73 $ 0.00 $ 1,120,657.73 % 7.000000017
1A6 $ 117,308.55 $ 0.00 $ 0.00 % 7.000000210
1A7 $ 77,144.06 $ 0.00 $ 0.00 % 6.999999645
1A8 $ 6,688.79 $ 0.00 $ 0.00 % 6.999998256
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 % 87.000000000
1RL $ 0.56 $ 0.00 $ 0.56 % 6.720000000
1M $ 52,311.64 $ 0.00 $ 52,311.64 % 6.750000371
1B1 $ 22,623.22 $ 0.00 $ 22,623.22 % 6.749999006
1B2 $ 12,725.21 $ 0.00 $ 12,725.21 % 6.749999032
1B3 $ 11,308.80 $ 0.00 $ 11,308.80 % 6.749999205
1B4 $ 5,654.40 $ 0.00 $ 5,654.40 % 6.749999239
1B5 $ 8,488.83 $ 0.00 $ 8,488.83 % 6.750003638
20. Principal Distribution Amount: $ 5,682,510.45
---------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class PO1 $ 675.30 $ 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 $ 891,528.64 $ 0.00
Class 1A6 $ 4,773,521.78 $ 117,308.55
Class 1A7 $ 0.00 $ 77,144.06
Class 1A8 $ 0.00 $ 6,688.79
Class 1A9 $ 202,382.82 $ 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 $ 7,188.41 $ 0.00
Class 1B1 $ 3,108.77 $ 0.00
Class 1B2 $ 1,748.64 $ 0.00
Class 1B3 $ 1,554.00 $ 0.00
Class 1B4 $ 777.00 $ 0.00
Class 1B5 $ 1,166.49 $ 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: $ 1.01
-----------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
1B1 $ 0.00 $ 0.00
1B2 $ 0.00 $ 0.00
1B3 $ 0.00 $ 0.00
1B4 $ 0.00 $ 0.00
1B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
-----------------
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: $ 103,984.65
-----------
3. Supplemental Servicing Fee amount: $ 174,631.30
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category A Category B Category C
5. Senior Percentage: % N/A N/A N/A N/A
---- ----- -------- --------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
---- ----- -------- --------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
---- ----- -------- --------
8. Senior Prepayment Percentage:
% N/A N/A N/A N/A
---- ----- -------- --------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
---- ----- -------- --------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
---- ----- -------- --------
11. Junior Percentage: % N/A
----
12. Junior Prepayment Percentage:
% N/A
----
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
--- ------------
Tim Neer
Vice President,
Investor Operations
Exhibit 99.26
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
July, 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 % 7.418646
------------------------
Weighted average maturity 355.53
------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
PO1 $ 1.06493703 $ 0.17800991 $ 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 % 6.74999930
1A5 $ 4.62171405 $ 4.32000420 $ 5.80952685 % 7.00000002
1A6 $ 202.00491236 $ 193.57491497 $ 5.08930803 % 7.00000021
1A7 $ 0.00000000 $ 0.00000000 $ 5.86736082 % 6.99999965
1A8 $ 0.00000000 $ 0.00000000 $ 5.86735965 % 6.99999826
1A9 $ 23.73156895 $ 22.18234991 $ 0.00000000 % 0.00000000
1A10 $ 0.00000000 $ 0.00000000 $ 5.62500006 % 6.75000008
1R $ 0.00000000 $ 0.00000000 $ 72.50000000 % 87.00000000
1RL $ 0.00000000 $ 0.00000000 $ 5.60000000 % 6.72000000
1M $ 0.77236596 $ 0.00000000 $ 5.62067691 % 6.75000037
1B1 $ 0.77236522 $ 0.00000000 $ 5.62067578 % 6.74999901
1B2 $ 0.77236749 $ 0.00000000 $ 5.62067580 % 6.74999903
1B3 $ 0.77236581 $ 0.00000000 $ 5.62067594 % 6.74999921
1B4 $ 0.77236581 $ 0.00000000 $ 5.62067594 % 6.74999924
1B5 $ 0.77236399 $ 0.00000000 $ 5.62067964 % 6.75000364
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
1A6 $ 117,308.55
1A7 $ 77,144.06
1A8 $ 6,688.79
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 103,984.65
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 493,611,215.24
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,602
-----------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
PO1 $ 633,540.96 $ 632,864.66 $ 998.02 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 $ 4,257,748.00 $ 4,257,748.15 $ 1,000.00 36158GDY1
1A5 $ 192,112,753.25 $ 191,221,224.61 $ 991.30 36158GDZ8
1A6 $ 20,110,036.54 $ 15,453,823.31 $ 670.45 36158GEA2
1A7 $ 13,224,696.67 $ 13,301,840.73 $ 1,011.70 36158GEB0
1A8 $ 1,146,650.00 $ 1,153,338.79 $ 1,011.70 36158GEC8
1A9 $ 8,393,031.54 $ 8,190,648.72 $ 960.44 36158GED6
1A10 $ 79,991,000.00 $ 79,991,000.00 $ 1,000.00 36158GEE4
SUP1 $ 468,699,543.12 $ 463,048,386.96 $ 980.07 GEC9810S1
1R $ 100.00 $ 100.00 $ 1,000.00 36158GEF1
1RL $ 100.00 $ 100.00 $ 1,000.00 36158GEG9
1M $ 9,299,846.60 $ 9,292,658.19 $ 998.46 36157RGR0
1B1 $ 4,021,906.37 $ 4,018,797.60 $ 998.46 36157RGS8
1B2 $ 2,262,259.88 $ 2,260,511.24 $ 998.46 36157RGT6
1B3 $ 2,010,453.57 $ 2,008,899.57 $ 998.46 36157RHH1
1B4 $ 1,005,226.78 $ 1,004,449.78 $ 998.46 36157RHJ7
1B5 $ 1,509,124.52 $ 1,507,958.02 $ 998.46 36157RHK4
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- ---------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ---------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ---------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ---------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ---------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
---------------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
------------------
2. Bankruptcy Loss Amount: $ 0.00
------------------
3. Fraud Loss Amount: $ 0.00
------------------
4. Certificate Interest Rate of the Class S Certificate:% 0.00000000
------------
Exhibit 99.27
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
July, 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 $ 487,446.62
------------------
(b) Interest $ 879,941.01
------------------
(c) Total $ 1,367,387.63
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 372,263.58
------------------
(b) Interest $ 676,582.79
------------------
(c) Total $ 1,048,846.37
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 115,183.04
------------------
(b) Interest $ 203,358.22
------------------
(c) Total $ 318,541.26
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 57,241.76
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 247,540.05
------------------
(b) Interest $ 5,042.13
------------------
(c) Total $ 252,582.18
------------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
------------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
------------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 628,704.65
------------------
(b) Interest $ 3,355.27
------------------
(c) Total $ 632,059.92
------------------
12. Pool Scheduled Principal Balance: $ 148,791,372.68
-----------------
13. Available Funds: $ 2,232,035.00
-----------------
14. Realized Losses for prior month: $ 0.00
-----------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
---------------------------
(b) Deficient Valuations: $ 0.00
---------------------------
(c) Debt Service Reductions: $ 0.00
---------------------------
(d) Bankruptcy Losses: $ 0.00
---------------------------
(e) Special Hazard Losses: $ 0.00
---------------------------
(f) Fraud Losses: $ 0.00
---------------------------
(g) Excess Bankruptcy Losses: $ 0.00
---------------------------
(h) Excess Special Hazard Losses: $ 0.00
---------------------------
(i) Excess Fraud Losses: $ 0.00
---------------------------
16. Non-Credit Losses: $ 0.00
------------------
17. Compensating Interest Payment: $ 372.15
------------------
18. Total interest payments: $ 811,103.93
------------------
19. Interest
Accrued Unpaid Class
Certificate Interest Interest
Class Interest Shortfalls 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 $ 288,057.66 $ 0.00 $ 288,057.66 % 6.500000050
2A4 $ 3,947.23 $ 0.00 $ 0.00 % 6.499992549
2A5 $ 6,226.56 $ 0.00 $ 0.00 % 6.500000957
2A6 $ 108,626.04 $ 0.00 $ 108,626.04 % 6.499999735
2A7 $ 50,456.25 $ 0.00 $ 50,456.25 % 6.500000000
2R $ 0.54 $ 0.00 $ 0.54 % 6.480000000
2M $ 7,342.68 $ 0.00 $ 7,342.68 % 6.500004375
2B1 $ 4,076.26 $ 0.00 $ 4,076.26 % 6.499992897
2B2 $ 2,040.83 $ 0.00 $ 2,040.83 % 6.499994400
2B3 $ 3,261.01 $ 0.00 $ 3,261.01 % 6.499996819
2B4 $ 1,225.58 $ 0.00 $ 1,225.58 % 6.500006121
2B5 $ 1,634.95 $ 0.00 $ 1,634.95 % 6.500013849
20. Principal Distribution Amount: $ 1,420,931.07
----------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class PO2 $ 1,750.58 $ 0.00
Class 2A1 $ 0.00 $ 0.00
Class 2A2 $ 0.00 $ 0.00
Class 2A3 $ 485,809.82 $ 0.00
Class 2A4 $ 108,835.83 $ 3,947.23
Class 2A5 $ 727,696.17 $ 6,226.56
Class 2A6 $ 95,284.03 $ 0.00
Class 2A7 $ 0.00 $ 0.00
Class SUP2 $ 0.00 $ 0.00
Class 2R $ 0.00 $ 0.00
Class 2M $ 4,397.97 $ 0.00
Class 2B1 $ 2,441.52 $ 0.00
Class 2B2 $ 1,222.38 $ 0.00
Class 2B3 $ 1,953.22 $ 0.00
Class 2B4 $ 734.07 $ 0.00
Class 2B5 $ 979.27 $ 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: $ 1.30
------------------
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: $ 32,555.48
-------------
3. Supplemental Servicing Fee amount: $ 41,898.17
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category A Category B Category C
5. Senior Percentage: % N/A N/A N/A N/A
---- ---- -------- --------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
---- ---- -------- --------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
---- ---- -------- --------
8. Senior Prepayment Percentage:
% N/A N/A N/A N/A
---- ---- -------- --------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
---- ---- -------- --------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
---- ---- -------- --------
11. Junior Percentage: % N/A
----
12. Junior Prepayment Percentage:
% N/A
----
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Tim Neer
Vice President,
Investor Operations
Exhibit 99.28
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
July, 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 % 7.074022
-------------------------
Weighted average maturity 175.36
-------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
PO2 $ 3.70949252 $ 0.26125246 $ 0.00000000 % 0.00000000
2A1 $ 0.00000000 $ 0.00000000 $ 5.41666677 % 6.50000013
2A2 $ 0.00000000 $ 0.00000000 $ 5.41666678 % 6.50000013
2A3 $ 9.05770150 $ 6.00667475 $ 5.37070309 % 6.50000005
2A4 $ 131.11075000 $ 90.21901250 $ 4.93403750 % 6.49999255
2A5 $ 515.33543571 $ 344.69752857 $ 4.44754286 % 6.50000096
2A6 $ 4.72873598 $ 3.13589280 $ 5.39087047 % 6.49999974
2A7 $ 0.00000000 $ 0.00000000 $ 5.41666667 % 6.50000000
2R $ 0.00000000 $ 0.00000000 $ 5.40000000 % 6.48000000
2M $ 3.23380147 $ 0.00000000 $ 5.39902941 % 6.50000437
2B1 $ 3.23380132 $ 0.00000000 $ 5.39901987 % 6.49999290
2B2 $ 3.23380952 $ 0.00000000 $ 5.39902116 % 6.49999440
2B3 $ 3.23380795 $ 0.00000000 $ 5.39902318 % 6.49999682
2B4 $ 3.23378855 $ 0.00000000 $ 5.39903084 % 6.50000612
2B5 $ 3.23380848 $ 0.00000000 $ 5.39903721 % 6.50001385
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
2A4 $ 3,947.23
2A5 $ 6,226.56
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 32,555.48
----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 148,791,372.68
----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 457
----------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
PO2 $ 470,041.25 $ 468,289.37 $ 992.31 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 $ 53,179,875.28 $ 52,694,065.46 $ 982.46 36158GEK0
2A4 $ 728,720.22 $ 623,831.62 $ 779.79 36158GEL8
2A5 $ 1,149,518.60 $ 428,048.99 $ 305.75 36158GEM6
2A6 $ 20,054,038.97 $ 19,958,754.94 $ 990.51 36158GEN4
2A7 $ 9,315,000.00 $ 9,315,000.00 $ 1,000.00 36158GEP9
SUP2 $ 136,550,722.06 $ 135,179,283.03 $ 983.97 GEC9810S2
2R $ 100.00 $ 100.00 $ 1,000.00 36158GEQ7
2M $ 1,355,570.78 $ 1,351,172.81 $ 993.51 36157RHE8
2B1 $ 752,541.13 $ 750,099.61 $ 993.51 36157RHE8
2B2 $ 376,768.94 $ 375,546.56 $ 993.51 36157RHF5
2B3 $ 602,032.91 $ 600,079.69 $ 993.51 36157RHL2
2B4 $ 226,260.71 $ 225,526.64 $ 993.51 36157RHM0
2B5 $ 301,836.28 $ 300,857.01 $ 993.51 36157RHN8
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- ----------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ----------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ----------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ----------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ----------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
----------------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-------------------
2. Bankruptcy Loss Amount: $ 0.00
-------------------
3. Fraud Loss Amount: $ 0.00
-------------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
------------
Exhibit 99.29
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
July, 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 $ 402,104.20
------------------
(b) Interest $ 3,185,249.25
------------------
(c) Total $ 3,587,353.45
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 365,287.97
------------------
(b) Interest $ 2,887,967.12
------------------
(c) Total $ 3,253,255.09
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 36,816.23
------------------
(b) Interest $ 297,282.13
------------------
(c) Total $ 334,098.36
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 108,430.53
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 683,501.39
------------------
(b) Interest $ 19,170.43
------------------
(c) Total $ 702,671.82
------------------
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 $ 1,303,535.88
------------------
(b) Interest $ 4,656.34
------------------
(c) Total $ 1,308,192.22
------------------
12. Pool Scheduled Principal Balance: $ 515,306,000.60
-----------------
13. Available Funds: $ 5,407,839.95
-----------------
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: $ 1,119.71
------------------
18. Total interest payments: $ 2,910,266.99
------------------
19. Interest
Accrued Unpaid Class
Certificate Interest Interest
Class Interest Shortfalls Payable Pay-out Rate
- ----- -------- ---------- ------- ------------
1PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A1 $ 1,076,062.50 $ 0.00 $ 1,076,062.50 % 6.750000000
1A2 $ 279,450.00 $ 0.00 $ 279,450.00 % 6.750000000
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 $ 18,421.88 $ 0.00 $ 18,421.88 % 6.750001832
1A10 $ 55,800.00 $ 0.00 $ 55,800.00 % 6.750000000
1A11 $ 286,875.00 $ 0.00 $ 286,875.00 % 6.750000000
1A12 $ 198,000.00 $ 0.00 $ 198,000.00 % 6.750000000
1A13 $ 83,812.50 $ 0.00 $ 83,812.50 % 6.750000000
1A14 $ 444.38 $ 0.00 $ 444.38 % 6.750075949
1A15 $ 256,612.50 $ 0.00 $ 256,612.50 % 6.750000000
1A16 $ 111,656.25 $ 0.00 $ 111,656.25 % 6.750000000
1A17 $ 4,050.00 $ 0.00 $ 4,050.00 % 6.750000000
1R $ 0.56 $ 0.00 $ 0.56 % 6.720000000
1M $ 53,881.88 $ 0.00 $ 53,881.88 % 6.750000626
1B1 $ 23,304.38 $ 0.00 $ 23,304.38 % 6.750001448
1B2 $ 13,106.25 $ 0.00 $ 13,106.25 % 6.750000000
1B3 $ 11,649.38 $ 0.00 $ 11,649.38 % 6.750002897
1B4 $ 5,827.50 $ 0.00 $ 5,827.50 % 6.750000000
1B5 $ 8,738.85 $ 0.00 $ 8,738.85 % 6.749997103
20. Principal Distribution Amount: $ 2,497,572.96
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 1PO $ 438.73 $ 0.00
Class 1A1 $ 1,331,950.93 $ 0.00
Class 1A2 $ 251,907.92 $ 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 $ 91,871.89 $ 0.00
Class 1A10 $ 0.00 $ 0.00
Class 1A11 $ 0.00 $ 0.00
Class 1A12 $ 83,804.27 $ 0.00
Class 1A13 $ 186,573.49 $ 0.00
Class 1A14 $ 79,000.00 $ 0.00
Class 1A15 $ 109,341.87 $ 0.00
Class 1A16 $ 346,501.45 $ 0.00
Class 1A17 $ 0.00 $ 0.00
Class SUP1 $ 0.00 $ 0.00
Class 1R $ 100.00 $ 0.00
Class 1M $ 7,437.68 $ 0.00
Class 1B1 $ 3,216.86 $ 0.00
Class 1B2 $ 1,809.14 $ 0.00
Class 1B3 $ 1,608.04 $ 0.00
Class 1B4 $ 804.41 $ 0.00
Class 1B5 $ 1,206.28 $ 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: $ 31,826.14
-----------------
3. Supplemental Servicing Fee amount: $ 179,904.87
-----------------
4. Credit Losses for prior month: $ 0.00
-----------------
Category A Category B Category C
5. Senior Percentage: % N/A N/A N/A N/A
---- ----- -------- -------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
---- ----- -------- -------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
---- ----- -------- -------
8. Senior Prepayment Percentage:
% N/A N/A N/A N/A
---- ----- -------- -------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
---- ----- -------- -------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
---- ----- -------- -------
11. Junior Percentage: % N/A
----
12. Junior Prepayment Percentage:
% N/A
----
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President,
Investor Operations
Exhibit 99.30
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
July, 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 % 7.411093
-------------------------
Weighted average maturity 355.83
-------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
1PO $ 1.03772648 $ 0.13543687 $ 0.00000000 % 0.00000000
1A1 $ 6.96262901 $ 5.88039561 $ 5.62500000 % 6.75000000
1A2 $ 5.07061031 $ 4.28246196 $ 5.62500000 % 6.75000000
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 $ 28.05248550 $ 23.69215878 $ 5.62500153 % 6.75000183
1A10 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1A11 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1A12 $ 2.38080313 $ 2.01074403 $ 5.62500000 % 6.75000000
1A13 $ 12.52171074 $ 10.57540403 $ 5.62500000 % 6.75000000
1A14 $ 1000.00000000 $ 844.56544304 $ 5.62506329 % 6.75007595
1A15 $ 2.39679680 $ 2.02425164 $ 5.62500000 % 6.75000000
1A16 $ 17.45599244 $ 14.74272746 $ 5.62500000 % 6.75000000
1A17 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1R $ 1000.00000000 $ 844.60000000 $ 5.60000000 % 6.72000000
1M $ 0.77645683 $ 0.00000000 $ 5.62500052 % 6.75000063
1B1 $ 0.77645667 $ 0.00000000 $ 5.62500121 % 6.75000145
1B2 $ 0.77645494 $ 0.00000000 $ 5.62500000 % 6.75000000
1B3 $ 0.77645582 $ 0.00000000 $ 5.62500241 % 6.75000290
1B4 $ 0.77645753 $ 0.00000000 $ 5.62500000 % 6.75000000
1B5 $ 0.77645481 $ 0.00000000 $ 5.62499759 % 6.74999710
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 31,826.14
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 515,306,000.60
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,657
-----------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
1PO $ 422,780.00 $ 422,341.27 $ 998.96 GE98111PO
1A1 $ 191,300,000.00 $ 189,968,049.07 $ 993.04 36157RJC0
1A2 $ 49,680,000.00 $ 49,428,092.08 $ 994.93 36157RJD8
1A3 $ 4,860,000.00 $ 4,860,000.00 $ 1,000.00 36157RJE6
1A4 $ 3,980,000.00 $ 3,980,000.00 $ 1,000.00 36157RJF3
1A5 $ 3,980,000.00 $ 3,980,000.00 $ 1,000.00 36157RJG1
1A6 $ 3,980,000.00 $ 3,980,000.00 $ 1,000.00 36157RJH9
1A7 $ 16,800,000.00 $ 16,800,000.00 $ 1,000.00 36157RJJ5
1A8 $ 41,524,119.00 $ 41,524,119.00 $ 1,000.00 36157RJK2
1A9 $ 3,275,000.00 $ 3,183,128.11 $ 971.95 36157RJL0
1A10 $ 9,920,000.00 $ 9,920,000.00 $ 1,000.00 36157RJM8
1A11 $ 51,000,000.00 $ 51,000,000.00 $ 1,000.00 36157RJN6
1A12 $ 35,200,000.00 $ 35,116,195.73 $ 997.62 36157RJP1
1A13 $ 14,900,000.00 $ 14,713,426.51 $ 987.48 36157RJQ9
1A14 $ 79,000.00 $ 0.00 $ 0.00 36157RJR7
1A15 $ 45,620,000.00 $ 45,510,658.13 $ 997.60 36157RJS5
1A16 $ 19,850,000.00 $ 19,503,498.55 $ 982.54 36157RJT3
1A17 $ 720,000.00 $ 720,000.00 $ 1,000.00 36157RJU0
SUP1 $ 494,439,194.63 $ 491,967,643.07 $ 995.00 G9811SUP1
1R $ 100.00 $ 0.00 $ 0.00 36157RJY2
1M $ 9,579,000.00 $ 9,571,562.32 $ 999.22 36157RJV8
1B1 $ 4,143,000.00 $ 4,139,783.14 $ 999.22 36157RJW6
1B2 $ 2,330,000.00 $ 2,328,190.86 $ 999.22 36157RJX4
1B3 $ 2,071,000.00 $ 2,069,391.96 $ 999.22 36157RLG8
1B4 $ 1,036,000.00 $ 1,035,195.59 $ 999.22 36157RLH6
1B5 $ 1,553,574.00 $ 1,552,367.72 $ 999.22 36157RLJ2
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- ---------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ---------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ---------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ---------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ---------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
---------------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-------------------
2. Bankruptcy Loss Amount: $ 0.00
-------------------
3. Fraud Loss Amount: $ 0.00
-------------------
4. Certificate Interest Rate of the Class S Certificate:% 0.00000000
------------
*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 99.31
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
July, 1998
Series 1998-11B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 192,069.22
------------------
(b) Interest $ 1,531,544.27
------------------
(c) Total $ 1,723,613.49
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 174,985.59
------------------
(b) Interest $ 1,391,577.33
------------------
(c) Total $ 1,566,562.92
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 17,083.63
------------------
(b) Interest $ 139,966.94
------------------
(c) Total $ 157,050.57
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 71,214.94
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 1,328,700.31
------------------
(b) Interest $ 2,925.97
------------------
(c) Total $ 1,331,626.28
------------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
------------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
------------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 567,780.85
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 567,780.85
------------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 3,362.34
------------------
(c) Total $ 3,362.34
------------------
12. Pool Scheduled Principal Balance: $ 246,888,555.95
-----------------
13. Available Funds: $ 3,561,693.82
-----------------
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: $ 4,080.10
------------------
18. Total interest payments: $ 1,401,928.48
------------------
19. Interest
Accrued Unpaid Class
Certificate Interest Interest
Class Interest Shortfalls Payable Pay-out Rate
- ----- -------- ---------- ------- ------------
2PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2A1 $ 130,375.58 $ 0.00 $ 130,375.58 % 6.749999741
2A2 $ 40,484.17 $ 0.00 $ 40,484.17 % 6.500000535
2A3 $ 64,046.62 $ 0.00 $ 64,046.62 % 6.606250069
2A4 $ 140,089.68 $ 0.00 $ 140,089.68 % 6.750000000
2A5 $ 135,703.13 $ 0.00 $ 135,703.13 % 6.749999751
2A6 $ 54,166.67 $ 0.00 $ 54,166.67 % 6.500000400
2A7 $ 18,359.63 $ 0.00 $ 18,359.63 % 7.304463896
2A8 $ 10,208.33 $ 0.00 $ 10,208.33 % 6.999997714
2A9 $ 11,666.67 $ 0.00 $ 11,666.67 % 8.000002286
2A10 $ 414,562.50 $ 0.00 $ 414,562.50 % 6.750000000
2A11 $ 250,312.50 $ 0.00 $ 250,312.50 % 6.750000000
2A12 $ 30,234.38 $ 0.00 $ 30,234.38 % 6.749998884
2A13 $ 2,083.33 $ 0.00 $ 2,083.33 % 0.249999600
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 $ 0.56 $ 0.00 $ 0.56 % 6.720000000
2RL $ 0.56 $ 0.00 $ 0.56 % 6.720000000
2M $ 25,914.38 $ 0.00 $ 25,914.38 % 6.750001302
2B1 $ 11,205.00 $ 0.00 $ 11,205.00 % 6.750000000
2B2 $ 6,305.63 $ 0.00 $ 6,305.63 % 6.749994648
2B3 $ 5,602.50 $ 0.00 $ 5,602.50 % 6.750000000
2B4 $ 2,801.25 $ 0.00 $ 2,801.25 % 6.750000000
2B5 $ 4,207.12 $ 0.00 $ 4,207.12 % 6.749994986
20. Principal Distribution Amount: $ 2,159,765.34
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 2PO $ 278.03 $ 0.00
Class 2A1 $ 29,944.29 $ 0.00
Class 2A2 $ 0.00 $ 0.00
Class 2A3 $ 1,381,363.23 $ 0.00
Class 2A4 $ 0.00 $ 0.00
Class 2A5 $ 96,183.85 $ 0.00
Class 2A6 $ 17,163.46 $ 0.00
Class 2A7 $ 358,131.29 $ 0.00
Class 2A8 $ 0.00 $ 0.00
Class 2A9 $ 0.00 $ 0.00
Class 2A10 $ 183,216.49 $ 0.00
Class 2A11 $ 0.00 $ 0.00
Class 2A12 $ 85,602.75 $ 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 $ 100.00 $ 0.00
Class 2RL $ 100.00 $ 0.00
Class 2M $ 3,552.60 $ 0.00
Class 2B1 $ 1,536.09 $ 0.00
Class 2B2 $ 864.44 $ 0.00
Class 2B3 $ 768.05 $ 0.00
Class 2B4 $ 384.02 $ 0.00
Class 2B5 $ 576.75 $ 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 % 6.60625007
Class 2A7 % 7.30446390
Class 2A9 % 8.00000229
BOther 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: $ 15,740.65
-----------
3. Supplemental Servicing Fee amount: $ 92,426.71
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category A Category B Category C
5. Senior Percentage: % N/A N/A N/A N/A
---- ---- -------- --------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
---- ---- -------- --------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
---- ---- -------- --------
8. Senior Prepayment Percentage:
% N/A N/A N/A N/A
---- ---- -------- --------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
---- ---- -------- --------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
---- ---- -------- --------
11. Junior Percentage: % N/A
----
12. Junior Prepayment Percentage:
% N/A
----
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President,
Investor Operations
Exhibit 99.32
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
July, 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 % 7.439094
-------------------------
Weighted average maturity 355.72
-------------------------
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 $ 1.35310207 $ 0.48283011 $ 0.00000000 %0.00000000
2A1 $ 1.29193395 $ 1.18133583 $ 5.62499978 %6.74999974
2A2 $ 0.00000000 $ 0.00000000 $ 5.41666711 %6.50000054
2A3 $ 118.73682709 $ 108.57218646 $ 5.50520839 %6.60625007
2A4 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
2A5 $ 3.98689534 $ 3.64559130 $ 5.62499979 %6.74999975
2A6 $ 1.71634600 $ 1.56941600 $ 5.41666700 %6.50000040
2A7 $ 118.73682811 $ 108.57218592 $ 6.08705325 %7.30446390
2A8 $ 0.00000000 $ 0.00000000 $ 5.83333143 %6.99999771
2A9 $ 0.00000000 $ 0.00000000 $ 6.66666857 %8.00000229
2A10 $ 2.48597680 $ 2.27316106 $ 5.62500000 %6.75000000
2A11 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
2A12 $ 15.92609302 $ 14.56271628 $ 5.62499907 %6.74999888
2A13 $ 0.00000000 $ 0.00000000 $ 0.20833300 %0.24999960
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 $ 1000.00000000 $ 914.40000000 $ 5.60000000 %6.72000000
2RL $ 1000.00000000 $ 914.40000000 $ 5.60000000 %6.72000000
2M $ 0.77113089 $ 0.00000000 $ 5.62500109 %6.75000130
2B1 $ 0.77112952 $ 0.00000000 $ 5.62500000 %6.75000000
2B2 $ 0.77113292 $ 0.00000000 $ 5.62499554 %6.74999465
2B3 $ 0.77113454 $ 0.00000000 $ 5.62500000 %6.75000000
2B4 $ 0.77112450 $ 0.00000000 $ 5.62500000 %6.75000000
2B5 $ 0.77112522 $ 0.00000000 $ 5.62499582 %6.74999499
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 15,740.65
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 246,888,555.95
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 810
---------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
2PO $ 205,476.00 $ 205,197.97 $ 998.65 GE98112PO
2A1 $ 23,177,880.00 $ 23,147,935.71 $ 998.71 36157RJZ9
2A2 $ 7,474,000.00 $ 7,474,000.00 $ 1,000.00 36157RKA2
2A3 $ 11,633,823.00 $ 10,252,459.77 $ 881.26
2A4 $ 24,904,832.00 $ 24,904,832.00 $ 1,000.00 36157RKC8
2A5 $ 24,125,000.00 $ 24,028,816.15 $ 996.01 36157RKD6
2A6 $ 10,000,000.00 $ 9,982,836.54 $ 998.28 36157RKE4
2A7 $ 3,016,177.00 $ 2,658,045.71 $ 881.26
2A8 $ 1,750,000.00 $ 1,750,000.00 $ 1,000.00 36157RKG9
2A9 $ 1,750,000.00 $ 1,750,000.00 $ 1,000.00 36157RKH7
2A10 $ 73,700,000.00 $ 73,516,783.51 $ 997.51 36157RKJ3
2A11 $ 44,500,000.00 $ 44,500,000.00 $ 1,000.00 36157RKK0
2A12 $ 5,375,000.00 $ 5,289,397.25 $ 984.07 36157RKL8
2A13 $ 10,000,000.00 $ 9,982,836.54 $ 998.28 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 $ 236,366,322.00 $ 234,221,011.15 $ 990.92 G9811SUP2
2R $ 100.00 $ 0.00 $ 0.00 36157RKU8
2RL $ 100.00 $ 0.00 $ 0.00 36157RKV6
2M $ 4,607,000.00 $ 4,603,447.40 $ 999.23 36157RKR5
2B1 $ 1,992,000.00 $ 1,990,463.91 $ 999.23 36157RKS3
2B2 $ 1,121,000.00 $ 1,120,135.56 $ 999.23 36157RKT1
2B3 $ 996,000.00 $ 995,231.95 $ 999.23 36157RLK9
2B4 $ 498,000.00 $ 497,615.98 $ 999.23 36157RLL7
2B5 $ 747,933.00 $ 747,356.25 $ 999.23 36157RLM5
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- ----------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ----------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ----------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ----------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ----------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
---------------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
2A3 % 6.60625007
2A7 % 7.30446390
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
------------
*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 99.33
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
July, 1998
Series 1998-11C, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1998 (the
"Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this month:
A Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 369,305.03
------------------
(b) Interest $ 680,259.54
------------------
(c) Total $ 1,049,564.57
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 306,396.94
------------------
(b) Interest $ 563,714.29
------------------
(c) Total $ 870,111.23
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 62,908.09
------------------
(b) Interest $ 116,545.25
------------------
(c) Total $ 179,453.34
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 51,869.19
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 933,337.18
------------------
(b) Interest $ 8,525.60
------------------
(c) Total $ 941,862.78
------------------
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: $ 114,359,694.51
-----------------
13. Available Funds: $ 1,979,710.90
-----------------
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: $ 276.14
------------------
18. Total interest payments: $ 625,198.88
------------------
19. Interest
Accrued Unpaid Class
Certificate Interest Interest
Class Interest Shortfalls Payable Pay-out Rate
- ----- -------- ---------- ------- ------------
3PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
SUP3 $ 36,736.30 $ 0.00 $ 36,736.30 % 0.411701191
3A $ 611,095.67 $ 0.00 $ 611,095.67 % 6.500000009
3M $ 6,267.08 $ 0.00 $ 6,267.08 % 6.499996543
3B1 $ 3,130.83 $ 0.00 $ 3,130.83 % 6.499993080
3B2 $ 1,565.42 $ 0.00 $ 1,565.42 % 6.500013841
3B3 $ 1,256.67 $ 0.00 $ 1,256.67 % 6.500017241
3B4 $ 937.08 $ 0.00 $ 937.08 % 6.499976879
3B5 $ 945.59 $ 0.00 $ 945.59 % 6.500028728
3R $ 0.54 $ 0.00 $ 0.54 % 6.480000000
20. Principal Distribution Amount: $ 1,354,512.02
-----------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 3PO $ 1,023.57 $ 0.00
Class SUP3 $ 0.00 $ 0.00
Class 3A $ 1,345,080.33 $ 0.00
Class 3M $ 3,692.05 $ 0.00
Class 3B1 $ 1,844.43 $ 0.00
Class 3B2 $ 922.21 $ 0.00
Class 3B3 $ 740.32 $ 0.00
Class 3B4 $ 552.05 $ 0.00
Class 3B5 $ 557.06 $ 0.00
Class 3R $ 100.00 $ 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: $ 11,777.73
-------------
3. Supplemental Servicing Fee amount: $ 36,736.30
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category A Category B Category C
5. Senior Percentage: % N/A N/A N/A N/A
---- ----- -------- --------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
---- ----- -------- --------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
---- ----- -------- --------
8. Senior Prepayment Percentage:
% N/A N/A N/A N/A
---- ----- -------- --------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
---- ----- -------- --------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
---- ----- -------- --------
11. Junior Percentage: % N/A
----
12. Junior Prepayment Percentage:
% N/A
----
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Tim Neer
Vice President,
Investor Operations
Exhibit 99.34
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
July, 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 % 7.119453
-------------------------
Weighted average maturity 176.45
-------------------------
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 $ 3.49491590 $ 0.11503240 $ 0.00000000 % 0.00000000
SUP3 $ 0.00000000 $ 0.00000000 $ 0.34308433 % 0.41170119
3A $ 11.92260419 $ 8.73178386 $ 5.41666667 % 6.50000001
3M $ 3.19105445 $ 0.00000000 $ 5.41666379 % 6.49999654
3B1 $ 3.19105536 $ 0.00000000 $ 5.41666090 % 6.49999308
3B2 $ 3.19103806 $ 0.00000000 $ 5.41667820 % 6.50001384
3B3 $ 3.19103448 $ 0.00000000 $ 5.41668103 % 6.50001724
3B4 $ 3.19104046 $ 0.00000000 $ 5.41664740 % 6.49997688
3B5 $ 3.19104651 $ 0.00000000 $ 5.41669061 % 6.50002873
3R $ 1000.00000000 $ 732.40000000 $ 5.40000000 % 6.48000000
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:
$ 11,777.73
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 114,359,694.51
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 364
-----------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
3PO $ 292,874.00 $ 291,850.43 $ 996.51 GE98113PO
SUP3 $ 107,076,591.00 $ 105,751,826.03 $ 987.63 G9811SUP3
3A $ 112,817,662.00 $ 111,472,581.67 $ 988.08 36157RKW4
3M $ 1,157,000.00 $ 1,153,307.95 $ 996.81 36157RKX2
3B1 $ 578,000.00 $ 576,155.57 $ 996.81 36157RKY0
3B2 $ 289,000.00 $ 288,077.79 $ 996.81 36157RKZ7
3B3 $ 232,000.00 $ 231,259.68 $ 996.81 36157RLA1
3B4 $ 173,000.00 $ 172,447.95 $ 996.81 36157RLB9
3B5 $ 174,569.69 $ 174,012.63 $ 996.81 36157RLC7
3R $ 100.00 $ 0.00 $ 0.00 36157RLD5
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- --------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- --------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- --------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- --------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- --------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
--------------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-----------------
2. Bankruptcy Loss Amount: $ 0.00
-----------------
3. Fraud Loss Amount: $ 0.00
-----------------
4. Certificate Interest Rate of the Class S Certificate: % 0.41170119
------------
*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 99.35
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
JULY 1998
Home Equity Loan Pass-Through Certificates,
Series 1998-HE2
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: $ 1,757,657.65
---------------
(2) Aggregate Monthly Payments received and Monthly Advances made
this Month:
(a) Principal $ 217,101.22
---------------
(b) Interest $ 1,528,711.01
---------------
(c) Total $ 1,745,812.23
---------------
(3) Aggregate Principal Prepayments in part received on Self-
Amortizing Mortgage Loans and applied in the applicable
Prepayment Period:
(a) Principal $ 48,456.90
---------------
(c) Total $ 48,456.90
---------------
(4) Aggregate Principal Prepayments in full received in the
applicable Prepayment period:
(a) Principal $ 1,054,297.53
---------------
(b) Interest $ 6,825.06
---------------
(c) Total $ 1,061,122.59
---------------
(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 $ 194,423,719.67
--------------
(11) Available Funds: $ 2,775,451.60
--------------
(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: $ 498.08
--------------
(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 8.984%
--------------
Class B4 8.984%
--------------
Class B5 8.984%
--------------
Class S 2.57%
--------------
(20) Accrued Certificate Interest and Pay-out Rate:
Class A1 $ 315,597.92 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 $ 416,028.99 2.57%
-------------------
Class M $ 26,978.55 6.660%
-------------------
Class B1 $ 25,174.48 6.905%
-------------------
Class B2 $ 12,148.15 7.495%
-------------------
Class B3 $ 14,561.72 8.984%
-------------------
Class B4 $ 10,923.16 8.984%
-------------------
Class B5 $ 10,928.55 8.984%
-------------------
Total $1,455,595.95
(21) Principal distributable:
Class A1 $ 1,300,939.48
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 $ 5,427.98
Class B1 $ 4,885.30
Class B2 $ 2,171.86
Class B3 $ 2,171.86
Class B4 $ 1,629.18
Class B5 $ 1,629.98
Class R1 $ 500.00
Class R2 $ 500.00
Total $ 1,319,855.65
(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 91.747550%
---------
2) Senior Prepayment Percentage
for such Distribution Date 100.00%
---------
3) Junior Percentage for such
Distribution Date 8.252450%
---------
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
JULY 1998
Home Equity Loan Pass-Through Certificates,
Series 1998-HE2
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 $21.86452909
---------------
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 $1.11663958
---------------
Class B1 $1.11663958
---------------
Class B2 $1.11663958
---------------
Class B3 $1.11663958
---------------
Class B4 $1.11663958
---------------
Class B5 $1.11663958
---------------
Class R1 $500.00000000
---------------
Class R2 $500.00000000
---------------
(2) Aggregate Principal prepayments included in distribution:
Class A1 $102,754.43
--------
Class A2 $0.00000000
--------
Class A3 $0.00000000
--------
Class A4 $0.00000000
--------
Class A5 $0.00000000
--------
Class A6 $0.00000000
--------
Class A7 $0.00000000
--------
Class M $0.00000000
--------
Class B1 $0.00000000
--------
Class B2 $0.00000000
--------
Class B3 $0.00000000
--------
Class B4 $0.00000000
--------
Class B5 $0.00000000
--------
Class R1 $0.00000000
--------
Class R2 $0.00000000
--------
(3) Amount of distribution allocable to interest Pay-out Rate:
Class A1 $5.30416667 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 $2.13980575 2.57%
---------------------
Class M $5.55000000 6.660%
---------------------
Class B1 $5.75416667 6.905%
---------------------
Class B2 $6.24583333 7.495%
---------------------
Class B3 $7.48674750 8.984%
---------------------
Class B4 $7.48674750 8.984%
---------------------
Class B5 $7.48674750 8.984%
---------------------
(4) Servicing Compensation: $84,984.85
-------------
The amounts below are for the aggregate of all Certificates:
(5) Pool Principal Balance; $194,423,719.67
-------------
number of Mortgage
Loans: 2,761
-------------
(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 $58,199,060.52 $978.13547091
--------------------------------------
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 $4,855,572.02 $998.88336042
--------------------------------------
Class B1 $4,370,114.70 $998.88336042
--------------------------------------
Class B2 $1,942,828.14 $998.88336042
--------------------------------------
Class B3 $1,942,828.14 $998.88336042
--------------------------------------
Class B4 $1,457,370.82 $998.88336042
--------------------------------------
Class B5 $1,458,089.69 $998.88336042
--------------------------------------
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 $137,199.34
---------
4
---------
Two Payments Delinquent $0.00
---------
0
---------
Three or more Payments Delinquent $0.00
---------
0
---------
TOTAL $137,199.34
---------
4
---------
In foreclosure $0.00
---------
0
-----------
(9) Aggregate Scheduled Principal Balance and number of replaced
Mortgage Loans:
$0.00
-----
0
-----
(10) Unpaid Net Simple Interest Shortfall:
Class A1 $0.00
----
Class A2 $0.00
----
Class A3 $0.00
----
Class A4 $0.00
----
Class A5 $0.00
----
Class A6 $0.00
----
Class A7 $0.00
----
Class S $0.00
----
Class M $0.00
----
Class B1 $0.00
----
Class B2 $0.00
----
Class B3 $0.00
----
Class B4 $0.00
----
Class B5 $0.00
----
(11) Class Certificate Interest Rate of:
Class M 6.660%
----
Class B1 6.905%
----
Class B2 7.495%
----
Class B3 8.984%
----
Class B4 8.984%
----
Class B5 8.984%
----
Class S 2.57%
----
(12) Senior Percentage for such Distribution Date 91.747550%
----
(13) Senior Prepayment Percentage
for such Distribution Date 100.00%
----
(14) Junior Percentage for such
Distribution Date 8.252450%
----
(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
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