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) January 26, 1998
GE CAPITAL MORTGAGE SERVICES, INC.
(as Seller and Servicer under Pooling and
Servicing Agreements each providing for the
issuance of a Series of Mortgage Pass-Through Certificates)
GE Capital Mortgage Services, Inc.
----------------------------------
(formerly known as Travelers Mortgage Services, Inc.)
(Exact name of registrant as specified in its charter)
New Jersey 33-5042 21-0627285
---------- ------- ----------
(State or Other (Commission (I.R.S. Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
Three Executive Campus
Cherry Hill, New Jersey 08002
----------------------- -----
(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including
area code (609) 661-6100
<PAGE>
Item 5. Other Events
- ------- ------------
On January 26, 1998 GE Capital Mortgage Services, Inc. ("GECMSI") passed
through to Certificateholders of Mortgage Pass-Through Certificates principal
and interest payments as required for the various Series of Mortgage
Pass-Through Certificates listed below and as detailed in Item 7, Financial
Statements, Pro Forma Financial Information and Exhibits, of this Report.
Series Distribution on Series
------ ----------------------
Series 1997-01 $ 4,936,072.11
Series 1997-02 $ 14,453,511.03
Series 1997-03 $ 11,266,159.64
Series 1997-HE-1 $ 5,193,925.66
Series 1997-04 $ 8,693,084.91
Series 1997-05 $ 12,001,800.48
Series 1997-06 $ 8,254,055.11
Series 1997-HE-2 $ 4,919,345.11
Series 1997-07 $ 8,309,694.70
Series 1997-08 $ 15,440,237.95
Series 1997-10 $ 3,789,782.23
Series 1997-HE-3 $ 4,273,848.99
Series 1997-09 $ 16,195,268.57
Series 1997-11 $ 7,476,996.64
Series 1997-12 $ 10,692,151.17
Series 1997-13 $ 3,772,373.17
Series 1997-HE-4 $ 2,473,059.29
<PAGE>
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 1997-01 99.1 Servicer's Certificate
99.2 Distribution Date Statement
Series 1997-02 99.3 Servicer's Certificate
99.4 Distribution Date Statement
Series 1997-03 99.5 Servicer's Certificate
99.6 Distribution Date Statement
Series 1997-HE-1 99.7 Servicer's Certificate
99.8 Distribution Date Statement
Series 1997-04 99.9 Servicer's Certificate
99.10 Distribution Date Statement
Series 1997-05 99.11 Servicer's Certificate
99.12 Distribution Date Statement
Series 1997-06 99.13 Servicer's Certificate
99.14 Distribution Date Statement
Series 1997-HE-2 99.15 Servicer's Certificate
99.16 Distribution Date Statement
Series 1997-07 99.17 Servicer's Certificate
99.18 Distribution Date Statement
Series 1997-08 99.19 Servicer's Certificate
99.20 Distribution Date Statement
Series 1997-10 99.21 Servicer's Certificate
99.22 Distribution Date Statement
Series 1997-HE-3 99.23 Servicer's Certificate
99.24 Distribution Date Statement
Series 1997-9 99.25 Servicer's Certificate
99.26 Distribution Date Statement
Series 1997-11 99.27 Servicer's Certificate
99.28 Distribution Date Statement
Series 1997-12 99.29 Servicer's Certificate
99.30 Distribution Date Statement
Series 1997-13 99.31 Servicer's Certificate
99.32 Distribution Date Statement
Series 1997-HE-4 99.33 Servicer's Certificate
99.34 Distribution Date Statement
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
-------------------------------------
Name: Karen Pickett
Title: Vice President,
Investor Reporting
Dated as of : January 29, 1998
<PAGE>
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
- ----------- -----------
99.1 Series 1997-01 Servicer's Certificate
99.2 Series 1997-01 Distribution Date Statement
99.3 Series 1997-02 Servicer's Certificate
99.4 Series 1997-02 Distribution Date Statement
99.5 Series 1997-03 Servicer's Certificate
99.6 Series 1997-03 Distribution Date Statement
99.7 Series 1997-HE-1 Servicer's Certificate
99.8 Series 1997-HE-1 Distribution Date Statement
99.9 Series 1997-04 Servicer's Certificate
99.10 Series 1997-04 Distribution Date Statement
99.11 Series 1997-05 Servicer's Certificate
99.12 Series 1997-05 Distribution Date Statement
99.13 Series 1997-06 Servicer's Certificate
99.14 Series 1997-06 Distribution Date Statement
99.15 Series 1997-HE-2 Servicer's Certificate
99.16 Series 1997-HE-2 Distribution Date Statement
99.17 Series 1997-07 Servicer's Certificate
99.18 Series 1997-07 Distribution Date Statement
99.19 Series 1997-08 Servicer's Certificate
99.20 Series 1997-08 Distribution Date Statement
99.21 Series 1997-10 Servicer's Certificate
<PAGE>
EXHIBIT NO. DESCRIPTION
- ----------- -----------
99.22 Series 1997-10 Distribution Date Statement
99.23 Series 1997-HE-3 Servicer's Certificate
99.24 Series 1997-HE-3 Distribution Date Statement
99.25 Series 1997-09 Servicer's Certificate
99.26 Series 1997-09 Distribution Date Statement
99.27 Series 1997-11 Servicer's Certificate
99.28 Series 1997-11 Distribution Date Statement
99.29 Series 1997-12 Servicer's Certificate
99.30 Series 1997-12 Distribution Date Statement
99.31 Series 1997-13 Servicer's Certificate
99.32 Series 1997-13 Distribution Date Statement
99.33 Series 1997-HE-4 Servicer's Certificate
99.34 Series 1997-HE-4 Distribution Date Statement
Exhibit 99.1
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January 1998
REMIC Multi-Class Pass-Through Certificates
Series 1997-1
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1997
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank and Trust Company (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 ................................$ 192,646.90
(b) Interest .................................$ 1,743,964.13
(c) Total ....................................$ 1,936,611.03
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal ................................$ 192,646.90
(b) Interest .................................$ 1,691,099.63
(c) Total ....................................$ 1,883,746.53
3. Aggregate Principal Prepayments in part received and applied in prior
month: ........................................$ 52,851.79
4. Aggregate Principal Prepayments in full received in prior month:
(a) Principal ................................$ 2,981,769.81
(b) Interest .................................$ 17,703.98
(c) Total ....................................$ 2,999,473.79
5. Aggregate Insurance Proceeds for prior month:
(a) Principal ................................$ 0.00
(b) Interest .................................$ 0.00
(c) Total ....................................$ 0.00
<PAGE>
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 and Modified Mortgage Loans:
(a) Principal ................................$ 0.00
(b) Interest .................................$ 0.00
(c) Total ....................................$ 0.00
8. Aggregate Purchase Prices ( and substitution adjustments) for
Defective Mortgage Loans:
(a) Principal .................................$ 0.00
(b) Interest ..................................$ 0.00
(c) Total .....................................$ 0.00
9. Pool Scheduled Principal Balance: ..............$ 257,708,375.34
10. Available Funds: ...............................$ 4,936,072.11
11. Realized Losses for prior month: ................$ 0.00
12. Aggregate Realized Losses:
(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
(g) Debt Service Reductions: ....................$ 0.00
13. Compensating Interest Payment: ..................$ 2,527.68
14. Accrued Certificate Interest, Unpaid Class Interest Shortfalls and
Pay-out Rate:
Class 1-A1....$ 0.00 $ 0.00 7.35000000%
Class 1-A2....$ 122,246.20 $ 0.00 7.35000000%
Class 1-A3....$ 360,322.59 $ 0.00 7.35000000%
Class 1-A4....$ 402,752.68 $ 0.00 7.35000000%
Class 1-A5....$ 64,390.74 $ 0.00 6.62500026%
Class 1-A6....$ 15,408.65 $ 0.00 6.62500179%
Class 1-A7 ...$ 28,607.33 $ 0.00 2.37500032%
Class 1-A8....$ 157,156.25 $ 0.00 7.50000000%
Class 1-A9....$ 145,000.00 $ 0.00 7.25000000%
<PAGE>
Class 1-A10...$ 1,600.00 $ 0.00 0.08000000%
Class 1-A11...$ 3,400.00 $ 0.00 0.17000000%
Class 1-A12...$ 21,750.00 $ 0.00 7.50000000%
Class 1-A13...$ 0.00 $ 0.00 7.50000000%
Class 1-A14...$ 193,750.00 $ 0.00 7.50000000%
Class 1-A15...$ 15,625.00 $ 0.00 7.50000000%
Class 1-M.....$ 27,917.24 $ 0.00 7.50000000%
Class 1-B1....$ 23,265.40 $ 0.00 7.50000000%
Class 1-B2....$ 20,468.09 $ 0.00 7.50000000%
Class 1-B3....$ 8,379.51 $ 0.00 7.50000000%
Class 1-B4....$ 5,582.21 $ 0.00 7.50000000%
Class 1-B5....$ 7,446.74 $ 0.00 7.50000000%
Class 1-S.....$ 81,725.71 $ 0.00 0.41680100%
Class 1-RL....$ 0.63 $ 0.00 7.50000000%
Class 1-R.....$ 0.63 $ 0.00 7.50000000%
15. Accrual Amount:
Class 1-A13A........ $ 0.00
Class 1-A13B........ $ 2,008.01
16. Principal distributable:
Class 1-A1.....$ 0.00
Class 1-A2.....$ 483,776.26
Class 1-A3.....$ 1,715,206.74
Class 1-A4.....$ 726,151.15
Class 1-A5.....$ 292,513.41
Class 1-A6.....$ 0.00
Class 1-A7.....$ 0.00
Class 1-A8.....$ 0.00
Class 1-A9.....$ 0.00
Class 1-A10....$ 0.00
Class 1-A11....$ 0.00
Class 1-A12....$ 0.00
Class 1-A13....$ 0.00
Class 1-A14....$ 0.00
Class 1-A15....$ 0.00
Class 1-PO.....$ 640.09
Class 1-M......$ 3,296.60
Class 1-B1.....$ 2,747.29
Class 1-B2.....$ 2,416.97
Class 1-B3.....$ 989.49
Class 1-B4.....$ 659.17
Class 1-B5.....$ 879.34
Class 1-R......$ 0.00
Class 1-RL.....$ 0.00
17. Additional distributions to the Class 1-R Certificate pursuant to
Section 4.01(b):................................$ 0.00
<PAGE>
18. Additional distributions to the Class 1-RL Certificate pursuant to
Section 4.01(b): ...............................$ 0.00
19. Certificate Interest Rates of:
Class 1-S Certificates:..... 0.375800%
20. Draw Amount:
Class A9..........................$ 0.00
Class A10.........................$ 0.00
21. Distributions of amounts in Reserve Fund to Senior Certificates (other
than the Class PO Certificates) and the Class S Certificates pursuant
to the second paragraph of Section 4.01(g):
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 A8 $ 0.00
Class A9 $ 0.00
Class A10 $ 0.00
Class A11 $ 0.00
Class A12 $ 0.00
Class A13 $ 0.00
Class A14 $ 0.00
Class A15 $ 0.00
Class R $ 0.00
Class RL $ 0.00
Class S $ 0.00
B. Other Amounts:
1. Senior Percentage for such Distribution Date: ............ 94.280594%
2. Group I Senior Percentage for such Distribution Date:..... 94.280594%
3. Group II Senior Percentage for such Distribution Date: ... 0.000000%
4. Senior Prepayment Percentage for such Distribution
Date:..................................................... 100.000000%
<PAGE>
5. Group I Senior Prepayment Percentage for such
Distribution Date: ....................................... 100.000000%
6. Group II Senior Prepayment Percentage for such
Distribution Date: ....................................... 0.000000%
7. Junior Percentage for such Distribution Date: ............ 5.719406%
8. Junior Prepayment Percentage for such Distribution Date:.. 0.000000%
9. Subordinate Certificate Writedown Amount for such
Distribution Date: ....................................... $ 0.00
10. Prepayment Distribution Triggers satisfied:
YES NO
--- --
Class 1-B1....... X
Class 1-B2....... X
Class 1-B3....... X
Class 1-B4....... X
Class 1-B5....... X
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
------------------------------------
Name: Karen Pickett
Title: Vice-President,
Investor Operations
Exhibit 99.2
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January 1998
REMIC Multi-Class Pass-Through Certificates
Series 1997-1
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1997
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
The amounts below (other than for Class R) are for a Single Certificate of
$1,000:
1. The amount of such distribution allocable to principal:
Class 1-A1.....$ 0.00000000 Class 1-A13....$ 0.00000000
Class 1-A2.....$ 22.45213997 Class 1-A14....$ 0.00000000
Class 1-A3.....$ 28.63259115 Class 1-A15....$ 0.00000000
Class 1-A4.....$ 9.12066858 Class 1-PO.....$ 1.03683486
Class 1-A5.....$ 19.92055366 Class 1-M......$ 0.73241502
Class 1-A6.....$ 0.00000000 Class 1-B1.....$ 0.73241536
Class 1-A7.....$ 0.00000000 Class 1-B2.....$ 0.73241515
Class 1-A8.....$ 0.00000000 Class 1-B3.....$ 0.73241303
Class 1-A9.....$ 0.00000000 Class 1-B4.....$ 0.73241111
Class 1-A10....$ 0.00000000 Class 1-B5.....$ 0.73240830
Class 1-A11....$ 0.00000000 Class 1-R......$ 0.00000000
Class 1-A12....$ 0.00000000 Class 1-RL.....$ 0.00000000
2. Principal Prepayments included in the above principal distribution
(including the Scheduled Principal Balances of all Defaulted Mortgage
Loans and Defective Mortgage Loans purchased pursuant to Section 2.02,
2.03 (b) or 3.16, respectively, and any amounts deposited pursuant to
Section 2.03(b) in connection with the substitution of any Mortgage
Loans pursuant to Section 2.02 or 2.03(a), the proceeds of which are
being distributed on such Distribution Date):
Class 1-A1.....$ 0.00000000 Class 1-A13....$ 0.00000000
Class 1-A2.....$ 21.18402519 Class 1-A14....$ 0.00000000
Class 1-A3.....$ 27.01539956 Class 1-A15....$ 0.00000000
Class 1-A4.....$ 8.60552594 Class 1-PO.....$ 0.97827360
Class 1-A5.....$ 18.79542490 Class 1-M......$ 0.00000000
Class 1-A6.....$ 0.00000000 Class 1-B1.....$ 0.00000000
Class 1-A7.....$ 0.00000000 Class 1-B2.....$ 0.00000000
Class 1-A8.....$ 0.00000000 Class 1-B3.....$ 0.00000000
<PAGE>
Class 1-A9.....$ 0.00000000 Class 1-B4.....$ 0.00000000
Class 1-A10....$ 0.00000000 Class 1-B5.....$ 0.00000000
Class 1-A11....$ 0.00000000 Class 1-R......$ 0.00000000
Class 1-A12....$ 0.00000000 Class 1-RL.....$ 0.00000000
3. The amount of such distribution to the Certificateholders of each
class, allocable to Interest:
Class 1-A1.....$ 0.00000000 Class 1-A13....$ 0.00000000
Class 1-A2.....$ 5.67346730 Class 1-A14....$ 6.25000000
Class 1-A3.....$ 6.01500050 Class 1-A15....$ 6.25000000
Class 1-A4.....$ 5.05869021 Class 1-M......$ 6.20245279
Class 1-A5.....$ 4.38509534 Class 1-B1.....$ 6.20245268
Class 1-A6.....$ 5.52083483 Class 1-B2.....$ 6.20245152
Class 1-A7.....$ 1.63704320 Class 1-B3.....$ 6.20245004
Class 1-A8.....$ 6.25000000 Class 1-B4.....$ 6.20245556
Class 1-A9.....$ 6.04166667 Class 1-B5.....$ 6.20244071
Class 1-A10....$ 0.06666667 Class 1-R......$ 6.30000000
Class 1-A11....$ 0.14166667 Class 1-RL.....$ 6.30000000
Class 1-A12....$ 6.25000000 Class 1-S......$ 0.27235624
4. Accrual Amount:
Class A13A..... $ 0.00
Class A13B..... $ 2,008.01
5. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:........$ 61,398.39
The amounts below are for the aggregate of all Certificates.
6. The Pool Scheduled Principal Balances of each Mortgage Pool on the
preceding Due Date after giving effect to all distributions allocable
to principal made on such Distribution Date:..........$ 257,708,375.34
The aggregate number of Mortgage Loans included in the Scheduled
Principal Balance set forth above:.................... 908
<PAGE>
7. The Class Certificate Principal Balance of each Class and the
Certificate Principal Balance of a Single Certificate of each Class
after giving effect to (i) all distributions allocable to principal
made on such Distribution Date and (ii) the allocation of any Realized
Losses and any Subordinate Writedown Certificate Amount for such
Distribution Date:
Class Certificate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 1-A1............$ 0.00 $ 0.00
Class 1-A2............$ 19,474,786.63 $ 903.83
Class 1-A3............$ 57,112,970.73 $ 953.41
Class 1-A4............$ 65,029,387.84 $ 816.79
Class 1-A5............$ 11,370,714.51 $ 774.36
Class 1-A6............$ 2,791,000.00 $ 1,000.00
Class 1-A7............$ 14,161,714.51 $ 810.40
Class 1-A8............$ 25,145,000.00 $ 1,000.00
Class 1-A9............$ 24,000,000.00 $ 1,000.00
Class 1-A10...........$ 24,000,000.00 $ 1,000.00
Class 1-A11...........$ 24,000,000.00 $ 1,000.00
Class 1-A12...........$ 3,480,000.00 $ 1,000.00
Class 1-A13...........$ 323,289.82 $ 53.02
Class 1-A14...........$ 31,000,000.00 $ 1,000.00
Class 1-A15...........$ 2,500,000.00 $ 1,000.00
Class 1-PO............$ 602,543.12 $ 976.02
Class 1-M.............$ 4,463,461.13 $ 991.66
Class 1-B1............$ 3,719,716.22 $ 991.66
Class 1-B2............$ 3,272,477.61 $ 991.66
Class 1-B3............$ 1,339,732.50 $ 991.66
Class 1-B4............$ 892,493.89 $ 991.66
Class 1-B5............$ 1,190,601.34 $ 991.66
Class 1-R.............$ 100.00 $ 1,000.00
Class 1-RL............$ 100.00 $ 1,000.00
Class 1-S.............$ 232,095,019.00 $ 848.25
8. The following pertains to any real estate acquired on behalf of
Certificateholders through foreclosure, or grant of a deed in lieu of
foreclosure or otherwise, of any REO Mortgage Loan:
book value........................................$ 0.00
unpaid principal balance..........................$ 0.00
number of related mortgage loans.................. 0
<PAGE>
9. 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:
(a) delinquent
(1) 30-59 days
Number 6 Principal Balance $ 1,637,393.09
(2) 60-89 days
Number 1 Principal Balance $ 222,847.37
(3) 90 days or more
Number 1 Principal Balance $ 325,731.96
(b) in foreclosure
Number 4 Principal Balance $ 1,485,098.83
10. The Scheduled Principal Balance of any Mortgage Loan replaced pursuant
to Section 2.03(b), and of any Modified Mortgage Loan purchased
pursuant to Section 3.01(c): .............. $ 0.00
11. The Certificate Interest Rates, applicable to the Interest Accrual
Period relating to such Distribution Date:
Class 1-S: ........................ 0.375800%
1. Senior Percentage for such Distribution Date: ....... 94.28059400%
2. Group I Senior Percentage for such Distribution Date: 94.28059400%
3. Group II Senior Percentage for such Distribution Date: 0.00000000%
4. Senior Prepayment Percentage for such Distribution
Date:................................................100.00000000%
5. Group I Senior Prepayment Percentage for such
Distribution Date: ..................................100.00000000%
6. Group II Senior Prepayment Percentage for such
Distribution Date: .................................. 0.00000000%
7. Junior Percentage for such Distribution Date: ....... 5.71940600%
8. Junior Prepayment Percentage for such Distribution
Date: ............................................... 0.00000000%
Exhibit 99.3
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January 1998
REMIC Multi-Class Pass-Through Certificates
Series 1997-2
Pursuant to the Pooling and Servicing Agreement dated as of February 1,
1997 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank and Trust Company (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:
Pool 1 Pool 2
------ ------
(a) Principal ..................$ 302,175.37 $ 265,884.99
(b) Interest ...................$ 2,640,706.23 $ 490,035.38
(c) Total ......................$ 2,942,881.60 $ 755,920.37
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal ..................$ 302,175.37 $ 265,884.99
(b) Interest ...................$ 2,569,152.74 $ 475,427.62
(c) Total ......................$ 2,871,328.11 $ 741,312.61
3. Aggregate Principal Prepayments in part received and applied in the
applicable Prepayment Period:.....$ 198,357.38 $ 55,205.71
4. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal ..................$ 8,832,965.87 $ 1,695,156.59
(b) Interest ...................$ 49,500.33 $ 9,684.43
(c) Total ......................$ 8,882,466.20 $ 1,704,841.02
<PAGE>
5. Aggregate Insurance Proceeds (including purchases of Mortgage Loans by
primary mortgage insurers) for prior month:
Pool 1 Pool 2
------ ------
(a) Principal ..................$ 0.00 $ 0.00
(b) Interest ...................$ 0.00 $ 0.00
(c) Total ......................$ 0.00 $ 0.00
6. Aggregate Liquidation Proceeds for prior month:
(a) Principal ..................$ 0.00 $ 0.00
(b) Interest ...................$ 0.00 $ 0.00
(c) Total ......................$ 0.00 $ 0.00
7. Aggregate Purchase Prices for Defaulted and Modified Mortgage Loans:
(a) Principal ..................$ 0.00 $ 0.00
(b) Interest ...................$ 0.00 $ 0.00
(c) Total ......................$ 0.00 $ 0.00
8. Aggregate Purchase Prices (and subsitution adjustments) for Defective
Mortgage Loans:
(a) Principal ..................$ 0.00 $ 0.00
(b) Interest ...................$ 0.00 $ 0.00
(c) Total ......................$ 0.00 $ 0.00
9. Pool Scheduled Principal Balance:.$ 395,835,895.81 $ 76,291,363.16
10. Available Funds: ................$ 11,952,151.69 $ 2,501,359.34
11. Realized Losses for Prior Month: $ 0.00 $ 0.00
12. Aggregrate Realized Losses and Debt Service Reductions:
(a) Deficient Valuations ........$ 0.00 $ 0.00
(b) Special Hazard Losses .......$ 0.00 $ 0.00
(c) Fraud Losses ................$ 0.00 $ 0.00
(d) Excess Bankruptcy Losses ....$ 0.00 $ 0.00
(e) Excess Special Hazard Losses $ 0.00 $ 0.00
(f) Excess Fraud Losses .........$ 0.00 $ 0.00
(g) Debt Service Reductions.......$ 0.00 $ 0.00
<PAGE>
13. Compensating Interest Payment: ..$ 10,147.90 $ 1,633.76
14. Accrued Certificate Interest, unpaid Class Interest Shortfalls and
Pay-out Rate:
Class 1-A1.....$ 278,136.18 $ 0.00 6.50000000%
Class 1-A2.....$ 369,154.15 $ 0.00 6.75000000%
Class 1-A3.....$ 32,593.78 $ 0.00 7.50000000%
Class 1-A4.....$ 298,816.72 $ 0.00 7.00000000%
Class 1-A5.....$ 142,043.61 $ 0.00 7.50000000%
Class 1-A6.....$ 105,338.93 $ 0.00 7.50000000%
Class 1-A7.....$ 346,821.41 $ 0.00 7.50000000%
Class 1-A8.....$ 0.00 $ 0.00 7.37500000%
Class 1-A9.....$ 0.00 $ 0.00 8.12500000%
Class 1-A10....$ 0.00 $ 0.00 7.50000000%
Class 1-A11....$ 132,187.48 $ 0.00 7.50000000%
Class 1-A12....$ 36,793.61 $ 0.00 7.50000000%
Class 1-A13....$ 11,315.00 $ 0.00 7.75000000%
Class 1-A14....$ 1,460.00 $ 0.00 6.00000000%
Class 1-A15....$ 0.00 $ 0.00 7.50000000%
Class 1-A16....$ 260,473.24 $ 0.00 7.50000000%
Class 1-A17....$ 18,605.23 $ 0.00 7.50000000%
Class 1-S......$ 92,719.70 $ 0.00 0.31225200%
Class 1-M......$ 55,859.11 $ 0.00 7.50000000%
Class 1-B1.....$ 27,926.45 $ 0.00 7.50000000%
Class 1-B2.....$ 27,926.45 $ 0.00 7.50000000%
Class 1-B3.....$ 13,966.32 $ 0.00 7.50000000%
Class 1-B4.....$ 4,192.38 $ 0.00 7.50000000%
Class 1-B5.....$ 9,778.11 $ 0.00 7.50000000%
Class 1-R......$ 0.00 $ 0.00 7.50000000%
Class 1-RL.....$ 0.00 $ 0.00 7.50000000%
Class 2-A1.....$ 68,222.41 $ 0.00 7.00000000%
Class 2-A2.....$ 71,299.58 $ 0.00 6.50000000%
Class 2-A3.....$ 69,501.25 $ 0.00 6.50000000%
Class 2-A4.....$ 10,830.83 $ 0.00 7.00000000%
Class 2-A5.....$ 135,088.29 $ 0.00 7.00000000%
Class 2-A6.....$ 36,308.19 $ 0.00 7.00000000%
Class 2-A7.....$ 50,839.57 $ 0.00 7.00000000%
Class 2-S......$ 29,036.92 $ 0.00 0.47984200%
Class 2-M......$ 5,085.45 $ 0.00 7.00000000%
Class 2-B1.....$ 2,542.72 $ 0.00 7.00000000%
Class 2-B2.....$ 2,542.72 $ 0.00 7.00000000%
Class 2-B3.....$ 1,525.63 $ 0.00 7.00000000%
Class 2-B4.....$ 1,017.09 $ 0.00 7.00000000%
Class 2-B5.....$ 1,271.40 $ 0.00 7.00000000%
<PAGE>
15. Principal Distribution Amount:
Class 1-A1.....$ 0.00 Class 2-A1....$ 438,881.08
Class 1-A2.....$ 0.00 Class 2-A2....$ 0.00
Class 1-A3.....$ 0.00 Class 2-A3....$ 0.00
Class 1-A4.....$ 1,274,716.02 Class 2-A4....$ 0.00
Class 1-A5.....$ 2,132,300.08 Class 2-A5....$ 275,297.18
Class 1-A6.....$ 1,647,563.88 Class 2-A6....$ 1,263,892.18
Class 1-A7.....$ 3,779,863.96 Class 2-A7....$ 29,590.04
Class 1-A8.....$ 0.00 Class 2-PO....$ 447.09
Class 1-A9.....$ 0.00 Class 2-M.....$ 2,959.90
Class 1-A10....$ 0.00 Class 2-B1....$ 1,479.95
Class 1-A11....$ 800,668.61 Class 2-B2....$ 1,479.95
Class 1-A12....$ 0.00 Class 2-B3....$ 887.97
Class 1-A13....$ 0.00 Class 2-B4....$ 591.98
Class 1-A14....$ 0.00 Class 2-B5....$ 739.97
Class 1-A15....$ 0.00
Class 1-A16....$ 31,073.37
Class 1-A17....$ 2,219.53
Class 1-PO.....$ 978.88
Class 1-M......$ 6,663.75
Class 1-B1.....$ 3,331.51
Class 1-B2.....$ 3,331.51
Class 1-B3.....$ 1,666.12
Class 1-B4.....$ 500.13
Class 1-B5.....$ 1,166.49
Class 1-R......$ 0.00
Class 1-RL.....$ 0.00
16. Additional Distributions to the Class R Certificate pursuant to
Section 4.01 (c):........................ $ 0.00
17. Additional Distributions to the Class RL Certificate pursuant to
Section 2.05 (d):........................ $ 0.00
18. Certificate Interest Rate of:
Class 1-A8.............................. 7.37500000%
Class 1-A9.............................. 8.12500000%
Class 1-S............................... 0.31225200%
Class 2-S............................... 0.47984200%
B. Other Amounts for such Distribution Date:
Pool 1 Pool 2
------ ------
1. Senior Percentage: ................ 94.47140000% 96.93360000%
2. Group I Senior Percentage: ........ 83.42286757% 85.78642600%
3. Group II Senior Percentage: ....... 11.04853243% 11.14717400%
<PAGE>
4. Senior Prepayment Percentage: ..... 100.00000000% 100.00000000%
5. Group I Senior Prepayment Percentage: 100.00000000% 100.00000000%
6. Group II Senior Prepayment Percentage: 0.00000000% 0.00000000%
7. Group I Scheduled Distribution Percent: 0.00000000% N/A
8. Group II Scheduled Distribution
Percentage:......................... 0.00000000% N/A
9. Junior Percentage: ................ 5.52860000% 3.06640000%
10. Junior Prepayment Percentage: ..... 0.00000000% 0.00000000%
11. Subordinate Certificate Writedown:..$ 0.00 $ 0.00
12. Prepayment Triggers satisfied:
YES NO
--- --
Class 1-B1........................X
Class 1-B2........................X
Class 1-B3........................X
Class 1-B4........................X
Class 1-B5........................ X
Class 2-B1........................X
Class 2-B2........................X
Class 2-B3........................X
Class 2-B4........................X
Class 2-B5........................X
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
-----------------------------------
Name: Karen Pickett
Title: Vice-President,
Investor Operations
Exhibit 99.4
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
REMIC Multi-Class Pass-Through Certificates
January 1998
Series 1997-2
Pursuant to the Pooling and Servicing Agreement dated as of February 1,
1997 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank and Trust Company (the "Trustee"), governing
the Certificates referred to above, the Company hereby certifies to the Trustee:
(a) The amounts below are for a Single Certificate of $1,000.
i) The amount of such distribution allocable to principal:
Class 1-A1......$ 0.00000000 Class 2-A1.....$ 28.79041459
Class 1-A2......$ 0.00000000 Class 2-A2.....$ 0.00000000
Class 1-A3......$ 0.00000000 Class 2-A3.....$ 0.00000000
Class 1-A4......$ 21.50510566 Class 2-A4.....$ 0.00000000
Class 1-A5......$ 84.67873285 Class 2-A5.....$ 11.10114037
Class 1-A6......$ 87.86809109 Class 2-A6.....$ 100.99992704
Class 1-A7......$ 39.36641454 Class 2-A7.....$ 3.28778222
Class 1-A8......$ 0.00000000 Class 2-PO.....$ 3.49887698
Class 1-A9......$ 0.00000000 Class 2-M......$ 3.28780970
Class 1-A10.....$ 0.00000000 Class 2-B1.....$ 3.28781335
Class 1-A11.....$ 32.02674440 Class 2-B2.....$ 3.28781335
Class 1-A12.....$ 0.00000000 Class 2-B3.....$ 3.28781579
Class 1-A13.....$ 0.00000000 Class 2-B4.....$ 3.28780970
Class 1-A14.....$ 0.00000000 Class 2-B5.....$ 3.28775783
Class 1-A15.....$ 0.00000000
Class 1-A16.....$ 0.73984214
Class 1-A17.....$ 0.73984333
Class 1-PO......$ 0.43467140
Class 1-M.......$ 0.73984123
Class 1-B1......$ 0.73984233
Class 1-B2......$ 0.73984233
Class 1-B3......$ 0.73984014
Class 1-B4......$ 0.73983728
Class 1-B5......$ 0.73984165
Class 1-R.......$ 0.00000000
Class 1-RL......$ 0.00000000
<PAGE>
Principal Prepayments included in the above principal distribution
(including amounts deposited pursuant to Section 3.17, Scheduled Principal
Balances of Defaulted Mortgage Loans, Designated Loans and Defective
Mortgage Loans which are being distributed on this Distribution Date):
Class 1-A1......$ 0.00000000 Class 2-A1....$ 25.09509805
Class 1-A2......$ 0.00000000 Class 2-A2....$ 0.00000000
Class 1-A3......$ 0.00000000 Class 2-A3....$ 0.00000000
Class 1-A4......$ 20.84607863 Class 2-A4....$ 0.00000000
Class 1-A5......$ 82.08374101 Class 2-A5....$ 9.67628323
Class 1-A6......$ 85.17536091 Class 2-A6....$ 88.03635196
Class 1-A7......$ 38.16002515 Class 2-A7....$ 2.86578774
Class 1-A8......$ 0.00000000 Class 2-PO....$ 3.04978800
Class 1-A9......$ 0.00000000 Class 2-B1....$ 0.00000000
Class 1-A10.....$ 0.00000000 Class 2-B2....$ 0.00000000
Class 1-A11.....$ 31.04528025 Class 2-B3....$ 0.00000000
Class 1-A12.....$ 0.00000000 Class 2-B4....$ 0.00000000
Class 1-A13.....$ 0.00000000 Class 2-B5....$ 0.00000000
Class 1-A14.....$ 0.00000000
Class 1-A15.....$ 0.00000000
Class 1-A16.....$ 0.71716957
Class 1-A17.....$ 0.71717073
Class 1-PO......$ 0.42135083
Class 1-M.......$ 0.00000000
Class 1-B1......$ 0.00000000
Class 1-B2......$ 0.00000000
Class 1-B3......$ 0.00000000
Class 1-B4......$ 0.00000000
Class 1-B5......$ 0.00000000
Class 1-R.......$ 0.00000000
Class 1-RL......$ 0.00000000
ii) The amount of such distribution to the Certificateholders of each
class, allocable to Interest; Pay-out Rate:
Class 1-A1......$ 5.41666665 6.50000000%
Class 1-A2......$ 5.62499995 6.75000000%
Class 1-A3......$ 6.24999976 7.50000000%
Class 1-A4......$ 5.04118960 7.00000000%
Class 1-A5......$ 5.64089126 7.50000000%
Class 1-A6......$ 5.61794953 7.50000000%
Class 1-A7......$ 3.61206529 7.50000000%
Class 1-A8......$ 0.00000000 7.37500000%
Class 1-A9......$ 0.00000000 8.12500000%
Class 1-A10.....$ 0.00000000 7.50000000%
Class 1-A11.....$ 5.28749920 7.50000000%
Class 1-A12.....$ 6.25000064 7.50000000%
Class 1-A13.....$ 6.45833333 7.75000000%
Class 1-A14.....$ 5.00000000 6.00000000%
<PAGE>
Class 1-A15.....$ 0.00000000 7.50000000%
Class 1-A16.....$ 6.20174381 7.50000000%
Class 1-A17.....$ 6.20174333 7.50000000%
Class 1-S.......$ 0.20588205 0.31225200%
Class 1-M.......$ 6.20174420 7.50000000%
Class 1-B1......$ 6.20174328 7.50000000%
Class 1-B2......$ 6.20174328 7.50000000%
Class 1-B3......$ 6.20174067 7.50000000%
Class 1-B4......$ 6.20174556 7.50000000%
Class 1-B5......$ 6.20172746 7.50000000%
Class 1-R.......$ 0.00000000 7.50000000%
Class 1-RL......$ 0.00000000 7.50000000%
Class 2-A1......$ 4.47536145 7.00000000%
Class 2-A2......$ 5.41666641 6.50000000%
Class 2-A3......$ 5.41666667 6.50000000%
Class 2-A4......$ 5.83333244 7.00000000%
Class 2-A5......$ 5.44732812 7.00000000%
Class 2-A6......$ 2.90145362 7.00000000%
Class 2-A7......$ 5.64884111 7.00000000%
Class 2-S.......$ 0.32208024 0.47984200%
Class 2-M.......$ 5.64883673 7.00000000%
Class 2-B1......$ 5.64883190 7.00000000%
Class 2-B2......$ 5.64883190 7.00000000%
Class 2-B3......$ 5.64882868 7.00000000%
Class 2-B4......$ 5.64883673 7.00000000%
Class 2-B5......$ 5.64895240 7.00000000%
iii) The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
Pool 1 Pool 2
------ ------
$ 90,923.92 $ 17,936.12
(b) The amounts below are for the aggregate of all certificates.
iv) The Pool Scheduled Principal
Balances: $ 395,835,895.81 $ 76,291,363.16
Number of Mortgage Loans: 1,373 257
v) The Class Certificate Principal Balance of each Class and the
Certificate Principal Balance of a Single Certificate of each Class
after giving effect to all distributions allocable to principal made
on such Distribution Date and the allocation of Realized Losses
(separately identified), if any, as of such Distribution Date:
Aggregate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 1-A1....... $ 51,348,218.00 $ 1,000.00
Class 1-A2....... $ 65,627,405.00 $ 1,000.00
Class 1-A3....... $ 5,215,005.00 $ 1,000.00
Class 1-A4....... $ 49,951,007.47 $ 842.70
Class 1-A5....... $ 20,594,677.89 $ 817.86
Class 1-A6....... $ 15,206,665.45 $ 811.00
Class 1-A7....... $ 91,647,122.45 $ 954.48
<PAGE>
Class 1-A8....... $ 0.00 $ 0.00
Class 1-A9....... $ 0.00 $ 0.00
Class 1-A10...... $ 0.00 $ 0.00
Class 1-A11...... $ 20,349,328.77 $ 813.97
Class 1-A12...... $ 5,886,977.00 $ 1,000.00
Class 1-A13...... $ 1,752,000.00 $ 1,000.00
Class 1-A14...... $ 292,000.00 $ 1,000.00
Class 1-A15...... $ 0.00 $ 0.00
Class 1-A16...... $ 41,644,645.02 $ 991.54
Class 1-A17...... $ 2,974,617.50 $ 991.54
Class 1-PO....... $ 1,019,068.76 $ 972.81
Class 1-S........ $ 347,042,224.76 $ 2,083.09
Class 1-M........ $ 8,930,793.21 $ 991.54
Class 1-B1....... $ 4,464,900.84 $ 991.54
Class 1-B2....... $ 4,464,900.84 $ 991.54
Class 1-B3....... $ 2,232,946.19 $ 991.54
Class 1-B4....... $ 670,280.46 $ 991.54
Class 1-B5....... $ 1,563,335.96 $ 991.54
Class 1-R........ $ 0.00 $ 0.00
Class 1-RL....... $ 0.00 $ 0.00
Class 2-A1....... $ 11,256,388.39 $ 738.41
Class 2-A2....... $ 13,163,000.00 $ 1,000.00
Class 2-A3....... $ 12,831,000.00 $ 1,000.00
Class 2-A4....... $ 1,856,714.00 $ 1,000.00
Class 2-A5....... $ 22,882,694.92 $ 922.73
Class 2-A6....... $ 4,960,368.75 $ 396.39
Class 2-A7....... $ 8,685,765.11 $ 965.09
Class 2-S........ $ 70,620,153.86 $ 838.07
Class 2-PO....... $ 122,856.56 $ 961.46
Class 2-M........ $ 868,832.32 $ 965.09
Class 2-B1....... $ 434,415.67 $ 965.09
Class 2-B2....... $ 434,415.67 $ 965.09
Class 2-B3....... $ 260,649.22 $ 965.09
Class 2-B4....... $ 173,766.46 $ 965.09
Class 2-B5....... $ 217,210.09 $ 965.09
vi) The following pertains to any real estate acquired on behalf of
Certificateholders:
Pool 1 Pool 2
------ ------
Book Value....................$ 0.00 $ 0.00
Unpaid Principal Balance......$ 0.00 $ 0.00
The aggregate number of Mortgage Loans included in the Principal
Balance set forth above:...... 0 0
<PAGE>
vii) Aggregate number and aggregate Principal Balances of delinquent
Mortgage Loans, as of the opening of business on the related
Determination Date:
Loans Principal Balance
----- -----------------
Pool 1.............................
*(1) *30-59 days 12 $ 3,691,251.45
(2) 60-89 days 0 $ 0.00
(3) 90 days or more 3 $ 857,061.28
(4) in foreclosure 2 $ 809,177.68
Pool 2.............................
*(1) 30-59 days 3 $ 911,228.87
(2) 60-89 days 0 $ 0.00
(3) 90 days or more 0 $ 0.00
(4) in foreclosure 0 $ 0.00
viii)The aggregate number of replaced Mortgage loans and Scheduled
Principal Balance:
Pool 1............................. 0 $ 0.00
Pool 2............................. 0 $ 0.00
ix) The aggregate number of modified Mortgage loans and Principal Balance:
Pool 1............................. 0 $ 0.00
Pool 2............................. 0 $ 0.00
x) Certificate Interest Rate of:
Class 1-A8 Certificates: 7.375000%
Class 1-A9 Certificates: 8.125000%
Class 1-S Certificates: 0.312252%
Class 2-S Certificates: 0.479842%
Pool 1 Pool 2
------ ------
xi) Senior Percentage....................... 94.47140000% 96.93360000%
xii) Group I Senior Percentage ............. 83.42286757% 85.78642600%
xiii) Group II Senior Percentage ............ 11.04853243% 11.14717400%
xiv) Senior Prepayment Percentage .......... 100.00000000% 100.00000000%
xv) Group I Senior Prepayment Percentage .. 100.00000000% 100.00000000%
xvi) Group II Senior Prepayment Percentage . 0.00000000% 0.00000000%
xvii) Group I Scheduled Distribution Percentage 0.00000000% N/A
xviii) Group II Scheduled Distribution Percentage 0.00000000% N/A
xviv) Junior Percentage ..................... 5.52860000% 3.06640000%
xvx) Junior Prepayment Percentage .......... 0.00000000% 0.00000000%
xvxi)Amount of distribution of Class 1-A7 Certificates allocable to
interest accrued on Components of Class 1-A7 Certificates:
Class 1-A7A Certificates: $ 241,670.05 7.50000000%
Class 1-A7B Certificates: $ 352,545.21 7.50000000%
Class 1-A7C Certificates: $ 83,807.31 7.50000000%
Class 1-A7D Certificates: $ 21,344.05 7.50000000%
<PAGE>
xvxii) Amount of distribution of Class 1-A5 Certificates allocable to
interest accrued on Components of Class 1-A5 Certificates:
Class 1-A5A Certificates: $ 5,712.50 7.50000000%
Class 1-A5B Certificates: $ 136,331.11 7.50000000%
* 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 99.5
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January 1998
REMIC Multi-Class Pass-Through Certificates
Series 1997-3
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1997
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate Scheduled Monthly Payments:
(a) Principal ..................................$ 306,826.55
(b) Interest ...................................$ 2,682,607.63
(c) Total ......................................$ 2,989,434.18
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal ..................................$ 306,826.55
(b) Interest ...................................$ 2,605,257.56
(c) Total ......................................$ 2,912,084.11
3. Aggregate Principal Prepayments in part received and applied in prior
month: ..........................................$ 135,857.41
4. Aggregate Principal Prepayments in full received in prior month:
(a) Principal ..................................$ 8,168,667.51
(b) Interest ...................................$ 49,550.61
(c) Total ......................................$ 8,218,218.12
5. Aggregate Insurance Proceeds for prior month:
(a) Principal ..................................$ 0.00
(b) Interest ...................................$ 0.00
(c) Total ......................................$ 0.00
<PAGE>
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 and Modified Mortgage Loans:
(a) Principal ..................................$ 0.00
(b) Interest ...................................$ 0.00
(c) Total ......................................$ 0.00
8. Aggregate Purchase Prices ( and substitution adjustments) for
Defective Mortgage Loans:
(a) Principal ..................................$ 0.00
(b) Interest ...................................$ 0.00
(c) Total ......................................$ 0.00
9. Pool Scheduled Principal Balance: ...............$ 400,303,909.38
10. Available Funds: ................................$ 11,266,159.64
11. Realized Losses for prior month: .................$ 0.00
12. Aggregate Realized Losses:
(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
(g) Debt Service Reductions: .....................$ 0.00
13. Compensating Interest Payment: ...................$ 5,207.81
14. Accrued Certificate Interest, Unpaid Class Interest Shortfalls and
Pay-out Rate:
Class 3-A1...$ 62,697.16 $ 0.00 7.50000046%
Class 3-A2...$ 245,312.50 $ 0.00 7.50000000%
Class 3-A3...$ 34,009.95 $ 0.00 7.50000000%
Class 3-A4...$ 293,750.00 $ 0.00 7.50000000%
Class 3-A5...$ 264,410.09 $ 0.00 7.50000002%
Class 3-A6...$ 264,410.08 $ 0.00 7.49999991%
Class 3-A7 ..$ 322,544.19 $ 0.00 7.49999994%
Class 3-A8...$ 43,750.00 $ 0.00 7.50000000%
Class 3-A9...$ 213,750.00 $ 0.00 7.50000000%
<PAGE>
Class 3-A10..$ 269,375.00 $ 0.00 7.50000000%
Class 3-A11..$ 184,375.00 $ 0.00 7.50000000%
Class 3-A12..$ 135,625.00 $ 0.00 7.50000000%
Class 3-A13..$ 0.00 $ 0.00 0.00000000%
Class 3-A14..$ 27,466.03 $ 0.00 7.50000080%
Class 3-A15..$ 19,897.33 $ 0.00 7.49999953%
Class 3-M....$ 34,578.82 $ 0.00 7.50000005%
Class 3-B1...$ 27,661.82 $ 0.00 7.50000134%
Class 3-B2...$ 27,661.82 $ 0.00 7.50000134%
Class 3-B3...$ 13,834.01 $ 0.00 7.50000037%
Class 3-B4...$ 4,150.20 $ 0.00 7.49999492%
Class 3-B5...$ 9,686.29 $ 0.00 7.50009635%
Class 3-S....$ 103,769.53 $ 0.00 0.33332400%
Class 3-R....$ 0.00 $ 0.00 0.00000000%
15. Accrual Amount:
Class 3-A13.......... $ 52,093.35
16. Principal distributable:
Class 3-A1.....$ 6,255,819.25
Class 3-A2.....$ 0.00
Class 3-A3.....$ 0.00
Class 3-A4.....$ 0.00
Class 3-A5.....$ 31,737.47
Class 3-A6.....$ 31,737.47
Class 3-A7.....$ 2,277,117.86
Class 3-A8.....$ 0.00
Class 3-A9.....$ 0.00
Class 3-A10....$ 0.00
Class 3-A11....$ 0.00
Class 3-A12....$ 0.00
Class 3-A13....$ 0.00
Class 3-A14....$ 52,093.35
Class 3-A15....$ 0.00
Class 3-PO.....$ 827.00
Class 3-M......$ 4,150.54
Class 3-B1.....$ 3,320.28
Class 3-B2.....$ 3,320.28
Class 3-B3.....$ 1,660.51
Class 3-B4.....$ 498.15
Class 3-B5.....$ 1,162.66
Class 3-R......$ 0.00
17. Additional distributions to the Class 3-R Certificate pursuant to
Section 4.01(b):...........................$ 0.00
<PAGE>
18. Certificate Interest Rates of:
Class 3-S Certificates:..... 0.304500%
19. Other Amounts:
A. Senior Percentage for such Distribution Date: ....... 95.391178%
B. Group I Senior Percentage for such Distribution Date: 74.661574%
C. Group II Senior Percentage for such Distribution Date: 20.729604%
D. Senior Prepayment Percentage for such Distribution
Date: ............................................... 100.000000%
E. Group I Senior Prepayment Percentage for such
Distribution Date: .................................. 100.000000%
F. Group II Senior Prepayment Percentage for such
Distribution Date: .................................. 0.000000%
G. Junior Percentage for such Distribution Date: ....... 4.608822%
H. Junior Prepayment Percentage for such Distribution Date: 0.000000%
I. Subordinate Certificate Writedown Amount for such
Distribution Date: ..................................$ 0.00
J. Prepayment Distribution Triggers satisfied:
YES NO
--- --
Class 3-B1....... X
Class 3-B2....... X
Class 3-B3....... X
Class 3-B4....... X
Class 3-B5....... X
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
------------------------------------
Name: Karen Pickett
Title: Vice-President,
Investor Operations
Exhibit 99.6
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January 1998
REMIC Multi-Class Pass-Through Certificates
Series 1997-3
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1997
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
The amounts below (other than for Class R) are for a Single Certificate of
$1,000:
1. The amount of such distribution allocable to principal:
Class 3-A1.....$ 170.94447584 Class 3-A13...$ 0.00000000
Class 3-A2.....$ 0.00000000 Class 3-A14...$ 10.74295247
Class 3-A3.....$ 0.00000000 Class 3-A15...$ 0.00000000
Class 3-A4.....$ 0.00000000 Class 3-PO....$ 1.08106747
Class 3-A5.....$ 0.74462477 Class 3-M.....$ 0.74462504
Class 3-A6.....$ 0.74462479 Class 3-B1....$ 0.74462436
Class 3-A7.....$ 37.16142136 Class 3-B2....$ 0.74462436
Class 3-A8.....$ 0.00000000 Class 3-B3....$ 0.74462332
Class 3-A9.....$ 0.00000000 Class 3-B4....$ 0.74461883
Class 3-A10....$ 0.00000000 Class 3-B5....$ 0.74463601
Class 3-A11....$ 0.00000000 Class 3-R.....$ 0.00000000
Class 3-A12....$ 0.00000000
2. Principal Prepayments included in the above principal distribution
(including the Scheduled Principal Balances of all Defaulted Mortgage
Loans and Defective Mortgage Loans purchased pursuant to Section 2.02,
2.03 (b) or 3.16, respectively, and any amounts deposited pursuant to
Section 2.03(b) in connection with the substitution of any Mortgage
Loans pursuant to Section 2.02 or 2.03(a), the proceeds of which are
being distributed on such Distribution Date):
Class 3-A1.....$ 165.12425090 Class 3-A13...$ 0.00000000
Class 3-A2.....$ 0.00000000 Class 3-A14...$ 10.37718224
Class 3-A3.....$ 0.00000000 Class 3-A15...$ 0.00000000
Class 3-A4.....$ 0.00000000 Class 3-PO....$ 1.04425987
Class 3-A5.....$ 0.71927219 Class 3-M.....$ 0.00000000
Class 3-A6.....$ 0.71927221 Class 3-B1....$ 0.00000000
Class 3-A7.....$ 35.89616941 Class 3-B2....$ 0.00000000
Class 3-A8.....$ 0.00000000 Class 3-B3....$ 0.00000000
<PAGE>
Class 3-A9.....$ 0.00000000 Class 3-B4....$ 0.00000000
Class 3-A10....$ 0.00000000 Class 3-B5....$ 0.00000000
Class 3-A11....$ 0.00000000 Class 3-R.....$ 0.00000000
Class 3-A12....$ 0.00000000
3. The amount of such distribution to the Certificateholders of each
class, allocable to Interest:
Class 3-A1.....$ 1.71324214 Class 3-A13...$ 0.00000000
Class 3-A2.....$ 6.25000000 Class 3-A14...$ 5.66418275
Class 3-A3.....$ 6.25000000 Class 3-A15...$ 6.24999961
Class 3-A4.....$ 6.25000000 Class 3-M.....$ 6.20359168
Class 3-A5.....$ 6.20359162 Class 3-B1....$ 6.20359273
Class 3-A6.....$ 6.20359153 Class 3-B2....$ 6.20359273
Class 3-A7.....$ 5.26375941 Class 3-B3....$ 6.20359193
Class 3-A8.....$ 6.25000000 Class 3-B4....$ 6.20358744
Class 3-A9.....$ 6.25000000 Class 3-B5....$ 6.20367116
Class 3-A10....$ 6.25000000 Class 3-R.....$ 0.00000000
Class 3-A11....$ 6.25000000 Class 3-S.....$ 0.23269928
Class 3-A12....$ 6.25000000
4. Accrual Amount:
Class A13 ........... $ 52,093.35
5. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:.....$ 93,206.79
The amounts below are for the aggregate of all Certificates.
6. The Pool Scheduled Principal Balances of each Mortgage Pool on the
preceding Due Date after giving effect to all distributions allocable
to principal made on such Distribution Date:.......$ 400,303,909.38
The aggregate number of Mortgage Loans included in the Scheduled
Principal Balance set forth above:................. 1,427
<PAGE>
7. The Class Certificate Principal Balance of each Class and the
Certificate Principal Balance of a Single Certificate of each Class
after giving effect to (i) all distributions allocable to principal
made on such Distribution Date and (ii) the allocation of any Realized
Losses and any Subordinate Writedown Certificate Amount for such
Distribution Date:
Class Certificate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 3-A1....................$ 3,775,725.74 $ 103.17
Class 3-A2....................$ 39,250,000.00 $ 1,000.00
Class 3-A3....................$ 5,441,592.00 $ 1,000.00
Class 3-A4....................$ 47,000,000.00 $ 1,000.00
Class 3-A5....................$ 42,273,876.80 $ 991.83
Class 3-A6....................$ 42,273,875.86 $ 991.83
Class 3-A7....................$ 49,329,952.96 $ 805.04
Class 3-A8....................$ 7,000,000.00 $ 1,000.00
Class 3-A9....................$ 34,200,000.00 $ 1,000.00
Class 3-A10...................$ 43,100,000.00 $ 1,000.00
Class 3-A11...................$ 29,500,000.00 $ 1,000.00
Class 3-A12...................$ 21,700,000.00 $ 1,000.00
Class 3-A13...................$ 8,387,030.02 $ 1,064.29
Class 3-A14...................$ 4,342,470.98 $ 895.53
Class 3-A15...................$ 3,183,573.00 $ 1,000.00
Class 3-PO....................$ 748,272.03 $ 978.15
Class 3-M.....................$ 5,528,460.62 $ 991.83
Class 3-B1....................$ 4,422,570.13 $ 991.83
Class 3-B2....................$ 4,422,570.13 $ 991.83
Class 3-B3....................$ 2,211,780.98 $ 991.83
Class 3-B4....................$ 663,534.30 $ 991.83
Class 3-B5....................$ 1,548,623.83 $ 991.83
Class 3-R.....................$ 0.00 $ 0.00
Class 3-S.....................$ 365,005,110.74 $ 890.83
8. The following pertains to any real estate acquired on behalf of
Certificateholders through foreclosure, or grant of a deed in lieu of
foreclosure or otherwise, of any REO Mortgage Loan:
book value.........................................$ 0.00
unpaid principal balance...........................$ 0.00
number of related mortgage loans................... 0
<PAGE>
9. 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:
(a) delinquent
(1) 30-59 days
Number 7 Principal Balance $ 1,649,752.49
(2) 60-89 days
Number 4 Principal Balance $ 1,370,984.98
(3) 90 days or more
Number 1 Principal Balance $ 502,609.12
(b) in foreclosure
Number 2 Principal Balance $ 440,992.51
10. The Scheduled Principal Balance of any Mortgage Loan replaced pursuant
to Section 2.03(b), and of any Modified Mortgage Loan purchased
pursuant to Section 3.01(c):...........................$ 0.00
11. The Certificate Interest Rates, applicable to the Interest Accrual
Period relating to such Distribution Date:
Class 3-S: ........................ 0.304500%
12. Senior Percentage for such Distribution Date:.......... 95.39117800%
13. Group I Senior Percentage for such Distribution Date: . 74.66157400%
14. Group II Senior Percentage for such Distribution Date: 20.72960400%
15. Senior Prepayment Percentage for such Distribution Date: 100.00000000%
16. Group I Senior Prepayment Percentage for such
Distribution Date: .................................... 100.00000000%
17. Group II Senior Prepayment Percentage for such
Distribution Date: .................................... 0.00000000%
18. Junior Percentage for such Distribution Date: ......... 4.60882200%
19. Junior Prepayment Percentage for such Distribution Date: 0.00000000%
Exhibit 99.7
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
JANUARY 1998
Home Equity Loan Pass-Through Certificates
Series 1997-HE1
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1997
(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: $ 1,700,415.41
(2) Aggregate Monthly Payments received and Monthly Advances made this
Month:
(a) Principal $ 224,370.63
(b) Interest $ 1,389,576.62
(c) Total $ 1,613,947.25
(3) Aggregate Principal Prepayments in part received on Self- Amortizing
Mortgage Loans and applied in the applicable Prepayment Period:
(a) Principal $ 83,975.92
(c) Total $ 83,975.92
(4) Aggregate Principal Prepayments in full received in the applicable
Prepayment period:
(a) Principal $ 3,537,244.98
(b) Interest $ 42,147.36
(c) Total $ 3,579,392.34
<PAGE>
(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: $ 177,177,761.03
(11) Available Funds: $ 5,193,925.66
(12) Realized Losses for prior month: $ 0.00
<PAGE>
(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: $ 3,987.75
(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 36157T4B4 $ 0.00
Class A2 36157T4C2 $ 0.00
Class A3 36157T4D0 $ 0.00
Class A4 36157T4E8 $ 0.00
Class A5 36157T4F5 $ 0.00
Class S 36197HE1S $ 0.00
Class M 36157T4J7 $ 0.00
Class B1 36157T4K4 $ 0.00
Class B2 36157T4L2 $ 0.00
Class B3 36157T5M9 $ 0.00
Class B4 36157T5N7 $ 0.00
Class B5 36157T5P2 $ 0.00
(19) Class Certificate Interest Rate:
Class A4 36157T4E8 7.780%
Class M 36157T4J7 7.500%
Class B1 36157T4K4 7.500%
Class B2 36157T4L2 7.500%
Class B3 36157T5M9 9.132%
Class B4 36157T5N7 9.132%
Class B5 36157T5P2 9.132%
Class S 36196HE4S 2.03%
(20) Accrued Certificate Interest and Pay-out Rate:
Class A1 36157T4B4 $ 301,397.90 6.670%
Class A2 36157T4C2 $ 276,489.60 6.940%
Class A3 36157T4D0 $ 86,895.38 7.350%
Class A4 36157T4E8 $ 102,864.57 7.780%
Class A5 36157T4F5 $ 182,250.00 7.290%
Class S 36197HE1S $ 299,474.54 2.03%
Class M 36157T4J7 $ 33,466.42 7.500%
Class B1 36157T4K4 $ 24,341.45 7.500%
Class B2 36157T4L2 $ 15,216.48 7.500%
Class B3 36157T5M9 $ 9,634.73 9.132%
Class B4 36157T5N7 $ 2,959.35 9.132%
Class B5 36157T5P2 $ 13,343.72 9.132%
Total $ 1,348,334.13
<PAGE>
(21) Principal distributable:
Class A1 36157T4B4 $ 3,826,479.32
Class A2 36157T4C2 $ 0.00
Class A3 36157T4D0 $ 0.00
Class A4 36157T4E8 $ 0.00
Class A5 36157T4F5 $ 0.00
Class M 36157T4J7 $ 6,780.88
Class B1 36157T4K4 $ 4,932.00
Class B2 36157T4L2 $ 3,083.12
Class B3 36157T5M9 $ 1,603.27
Class B4 36157T5N7 $ 492.45
Class B5 36157T5P2 $ 2,220.47
Class R1 36157T4G3 $ 0.00
Class R2 36157T4H1 $ 0.00
Total $ 3,845,591.53
(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: 91.481858%
(2) Senior Prepayment Percentage for such Distribution Date: 100.000000%
(3) Junior Percentage for such Distribution Date: 8.518142%
(4) Junior Prepayment Percentage for such Distribution Date: 0.000000%
(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/ Karen Pickett
-----------------------------------
Name: Karen Pickett
Title: Vice President,
Investor Operations
Exhibit 99.8
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
JANUARY 1998
Home Equity Loan Pass-Through Certificates
Series 1997-HE1
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1997
(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 36157T4B4 $ 51.28297691
Class A2 36157T4C2 $ 0.00000000
Class A3 36157T4D0 $ 0.00000000
Class A4 36157T4E8 $ 0.00000000
Class A5 36157T4F5 $ 0.00000000
Class M 36157T4J7 $ 1.24671449
Class B1 36157T4K4 $ 1.24671449
Class B2 36157T4L2 $ 1.24671449
Class B3 36157T5M9 $ 1.24671449
Class B4 36157T5N7 $ 1.24671449
Class B5 36157T5P2 $ 1.24671449
Class R1 36157T4G3 $ 0.00000000
Class R2 36157T4H1 $ 0.00000000
(2) Aggregate Principal prepayments included in distribution:
Class A1 36157T4B4 $ 3,621,220.90
Class A2 36157T4C2 $ 0.00
Class A3 36157T4D0 $ 0.00
Class A4 36157T4E8 $ 0.00
Class A5 36157T4F5 $ 0.00
Class M 36157T4J7 $ 0.00
Class B1 36157T4K4 $ 0.00
Class B2 36157T4L2 $ 0.00
Class B3 36157T5M9 $ 0.00
Class B4 36157T5N7 $ 0.00
Class B5 36157T5P2 $ 0.00
Class R1 36157T4G3 $ 0.00
Class R2 36157T4H1 $ 0.00
<PAGE>
(3) Amount of distribution allocable to interest Pay-out Rate:
Class A1 36157T4B4 $ 4.03937406 6.670%
Class A2 36157T4C2 $ 5.78333333 6.940%
Class A3 36157T4D0 $ 6.12500000 7.350%
Class A4 36157T4E8 $ 6.48333333 7.780%
Class A5 36157T4F5 $ 6.07500000 7.290%
Class S 36197HE1S $ 1.69024902 2.03%
Class M 36157T4J7 $ 6.15304690 7.500%
Class B1 36157T4K4 $ 6.15304690 7.500%
Class B2 36157T4L2 $ 6.15304690 7.500%
Class B3 36157T5M9 $ 7.49201308 9.132%
Class B4 36157T5N7 $ 7.49201308 9.132%
Class B5 36157T5P2 $ 7.49201308 9.132%
(4) Servicing Compensation: $ 88,480.41
The amounts below are for the aggregate of all Certificates:
(5) Pool Principal Balance: $ 177,177,761.03
number of Mortgage Loans: 2,848
(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 36157T4B4 $ 50,398,029.63 $ 675.44099216
Class A2 36157T4C2 $ 47,808,000.00 $ 1,000.00000000
Class A3 36157T4D0 $ 14,187,000.00 $ 1,000.00000000
Class A4 36157T4E8 $ 15,866,000.00 $ 1,000.00000000
Class A5 36157T4F5 $ 30,000,000.00 $ 1,000.00000000
Class M 36157T4J7 $ 5,347,846.66 $ 983.24079031
Class B1 36157T4K4 $ 3,889,700.57 $ 983.24079031
Class B2 36157T4L2 $ 2,431,554.47 $ 983.24079031
Class B3 36157T5M9 $ 1,264,447.66 $ 983.24079031
Class B4 36157T5N7 $ 388,380.11 $ 983.24079031
Class B5 36157T5P2 $ 1,751,210.84 $ 983.24079031
Class R1 36157T4G3 $ 0.00 $ 0.00000000
Class R2 36157T4H1 $ 0.00 $ 0.00000000
<PAGE>
(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 $ 2,612,377.04
49
Two Payments Delinquent $ 882,651.90
14
Three or more Payments Delinquent $ 803,665.53
17
TOTAL $ 4,298,694.47
80
In foreclosure $ 1,236,081.90
21
(9) Aggregate Scheduled Principal Balance and number of replaced Mortgage
Loans:
$ 0.00
0
(10) Unpaid Net Simple Interest Shortfall:
Class A1 36157T4B4 $ 0.00
Class A2 36157T4C2 $ 0.00
Class A3 36157T4D0 $ 0.00
Class A4 36157T4E8 $ 0.00
Class A5 36157T4F5 $ 0.00
Class S 36197HE1S $ 0.00
Class M 36157T4J7 $ 0.00
Class B1 36157T4K4 $ 0.00
Class B2 36157T4L2 $ 0.00
Class B3 36157T5M9 $ 0.00
Class B4 36157T5N7 $ 0.00
Class B5 36157T5P2 $ 0.00
(11) Class Certificate Interest Rate of:
Class A4 36157T4E8 7.290%
Class M 36157T4J7 7.500%
Class B1 36157T4K4 7.500%
Class B2 36157T4L2 7.500%
Class B3 36157T5M9 9.132%
Class B4 36157T5N7 9.132%
Class B5 36157T5P2 9.132%
Class S 36197HE1S 2.03%
<PAGE>
(12) Senior Percentage for such Distribution Date: 91.481858%
(13) Senior Prepayment Percentage for such Distribution Date: 100.000000%
(14) Junior Percentage for such Distribution Date: 8.518142%
(15) Junior Prepayment Percentage for such Distribution Date: 0.000000%
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
-------------------------------------
Name: Karen Pickett
Title: Vice President,
Investor Operations
Exhibit 99.9
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January 1998
REMIC Multi-Class Pass-Through Certificates
Series 1997-4
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1997
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank and Trust Company (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 .....................................$ 237,806.33
(b) Interest ......................................$ 2,147,504.44
(c) Total .........................................$ 2,385,310.77
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal .....................................$ 237,806.33
(b) Interest ......................................$ 2,084,221.13
(c) Total .........................................$ 2,322,027.46
3. Aggregate Principal Prepayments in part received and applied in prior
month: .............................................$ 67,349.47
4. Aggregate Principal Prepayments in full received in prior month:
(a) Principal .....................................$ 6,265,003.32
(b) Interest ......................................$ 38,704.66
(c) Total .........................................$ 6,303,707.98
5. Aggregate Insurance Proceeds for prior month:
(a) Principal .....................................$ 0.00
(b) Interest ......................................$ 0.00
(c) Total .........................................$ 0.00
<PAGE>
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 and Modified Mortgage Loans:
(a) Principal .....................................$ 0.00
(b) Interest ......................................$ 0.00
(c) Total .........................................$ 0.00
8. Aggregate Purchase Prices ( and substitution adjustments) for
Defective Mortgage Loans:
(a) Principal .....................................$ 0.00
(b) Interest ......................................$ 0.00
(c) Total .........................................$ 0.00
9. Pool Scheduled Principal Balance: ..................$ 321,430,602.54
10. Available Funds: ...................................$ 8,693,084.91
11. Realized Losses for prior month: ....................$ 0.00
12. Aggregate Realized Losses:
(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
(g) Debt Service Reductions: ........................$ 0.00
13. Non-Credit Losses: ..................................$ 0.00
14. Compensating Interest Payment: ......................$ 3,127.78
15. Accrued Certificate Interest, Unpaid Class Interest Shortfalls and
Pay-out Rate:
Class 4-A1.....$ 134,625.00 $ 0.00 7.50000000%
Class 4-A2.....$ 142,674.77 $ 0.00 7.50000001%
Class 4-A3.....$ 140,912.50 $ 0.00 7.50000000%
Class 4-A4.....$ 158,308.10 $ 0.00 7.50000019%
Class 4-A5.....$ 284,725.00 $ 0.00 7.50000000%
Class 4-A6.....$ 40,893.28 $ 0.00 7.50000010%
<PAGE>
Class 4-A7 ....$ 0.00 $ 0.00 0.00000000%
Class 4-A8 ....$ 315,297.05 $ 0.00 7.49999996%
Class 4-A9 ....$ 122,587.50 $ 0.00 7.50000000%
Class 4-A10 ...$ 215,693.75 $ 0.00 7.50000000%
Class 4-A11 ...$ 128,825.00 $ 0.00 7.50000000%
Class 4-A12 ...$ 203,450.00 $ 0.00 7.50000000%
Class 4-M......$ 27,246.24 $ 0.00 7.50000048%
Class 4-B1.....$ 21,795.75 $ 0.00 7.50000082%
Class 4-B2.....$ 21,795.75 $ 0.00 7.50000082%
Class 4-B3.....$ 10,900.98 $ 0.00 7.49999914%
Class 4-B4.....$ 3,269.05 $ 0.00 7.49999699%
Class 4-B5.....$ 7,626.55 $ 0.00 7.50004173%
Class 4-S......$ 76,605.30 $ 0.00 0.30778300%
Class 4-R......$ 0.00 $ 0.00 0.00000000%
16. Principal distributable:
Class 4-A1.....$ 0.00
Class 4-A2.....$ 2,593,204.55
Class 4-A3.....$ 0.00
Class 4-A4.....$ 850,918.17
Class 4-A5.....$ 0.00
Class 4-A6.....$ 65,694.22
Class 4-A7.....$ 0.00
Class 4-A8.....$ 3,114,733.07
Class 4-A9.....$ 0.00
Class 4-A10....$ 0.00
Class 4-A11....$ 0.00
Class 4-A12....$ 0.00
Class 4-PO.....$ 559.63
Class 4-M......$ 3,160.01
Class 4-B1.....$ 2,527.87
Class 4-B2.....$ 2,527.87
Class 4-B3.....$ 1,264.29
Class 4-B4.....$ 379.14
Class 4-B5.....$ 884.52
Class 4-R......$ 0.00
17. Additional distributions to the Class 4-R Certificate pursuant to
Section 4.01(b): .............................$ 0.00
18. Certificate Interest Rates of:
Class 4-S Certificates:..... 0.280300%
19. Accrual Amount A7 Certificates:...............$ 65,694.22
<PAGE>
B. Other Amounts:
1. Senior Percentage for such Distribution Date: ............ 95.473130%
2. Group I Senior Percentage for such Distribution Date: .... 79.373034%
3. Group II Senior Percentage for such Distribution Date: ... 16.100096%
4. Senior Prepayment Percentage for such Distribution Date: . 100.000000%
5. Group I Senior Prepayment Percentage for such
Distribution Date: ...................................... 100.000000%
6. Group II Senior Prepayment Percentage for such
Distribution Date: ...................................... 0.000000%
7. Junior Percentage for such Distribution Date: ............ 4.526870%
8. Junior Prepayment Percentage for such Distribution Date: . 0.000000%
9. Subordinate Certificate Writedown Amount for such
Distribution Date: ...........................$ 0.00
10. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class 4-B1....... X
Class 4-B2....... X
Class 4-B3....... X
Class 4-B4....... X
Class 4-B5....... X
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
-----------------------------------
Name: Karen Pickett
Title: Vice-President,
Investor Operations
Exhibit 99.10
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January 1998
REMIC Multi-Class Pass-Through Certificates
Series 1997-4
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1997
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
(a) The amounts below (other than for Class R) are for a Single Certificate of
$1,000:
i) The amount of such distribution allocable to principal:
Class 4-A1.....$ 0.00000000 Class 4-A12....$ 0.00000000
Class 4-A2.....$ 72.49055293 Class 4-PO.....$ 0.94253315
Class 4-A3.....$ 0.00000000 Class 4-M......$ 0.72080520
Class 4-A4.....$ 28.76959022 Class 4-B1.....$ 0.72080696
Class 4-A5.....$ 0.00000000 Class 4-B2.....$ 0.72080696
Class 4-A6.....$ 9.31304508 Class 4-B3.....$ 0.72080388
Class 4-A7.....$ 0.00000000 Class 4-B4.....$ 0.72079848
Class 4-A8.....$ 55.75264593 Class 4-B5.....$ 0.72080568
Class 4-A9.....$ 0.00000000 Class 4-R......$ 0.00000000
Class 4-A10....$ 0.00000000
Class 4-A11....$ 0.00000000
ii) Principal Prepayments included in the above principal distribution
(including the Scheduled Principal Balances of all Defaulted Mortgage
Loans and Defective Mortgage Loans purchased pursuant to Section 2.02,
2.03 (b) or 3.16, respectively, and any amounts deposited pursuant to
Section 2.03(b) in connection with the substitution of any Mortgage
Loans pursuant to Section 2.02 or 2.03(a), the proceeds of which are
being distributed on such Distribution Date):
<PAGE>
Class 4-A1.....$ 0.00000000 Class 4-A12....$ 0.00000000
Class 4-A2.....$ 69.98119884 Class 4-M......$ 0.00000000
Class 4-A3.....$ 0.00000000 Class 4-PO.....$ 0.90990615
Class 4-A4.....$ 27.77369371 Class 4-B1.....$ 0.00000000
Class 4-A5.....$ 0.00000000 Class 4-B2.....$ 0.00000000
Class 4-A6.....$ 8.99066200 Class 4-B3.....$ 0.00000000
Class 4-A7.....$ 0.00000000 Class 4-B4.....$ 0.00000000
Class 4-A8.....$ 53.82269610 Class 4-B5.....$ 0.00000000
Class 4-A9.....$ 0.00000000 Class 4-R......$ 0.00000000
Class 4-A10....$ 0.00000000
Class 4-A11....$ 0.00000000
iii) The amount of such distribution to the Certificateholders of each
class, allocable to Interest:
Class 4-A1.....$ 6.25000000 Class 4-A12....$ 6.25000000
Class 4-A2.....$ 3.98833673 Class 4-M......$ 6.21492701
Class 4-A3.....$ 6.25000000 Class 4-PO.....$ 0.00000000
Class 4-A4.....$ 5.35240559 Class 4-B1.....$ 6.21492729
Class 4-A5.....$ 6.25000000 Class 4-B2.....$ 6.21492729
Class 4-A6.....$ 5.79717607 Class 4-B3.....$ 6.21492588
Class 4-A7.....$ 0.00000000 Class 4-B4.....$ 6.21492395
Class 4-A8.....$ 5.64370827 Class 4-B5.....$ 6.21496466
Class 4-A9.....$ 6.25000000 Class 4-R......$ 0.00000000
Class 4-A10....$ 6.25000000 Class 4-S......$ 0.21843481
Class 4-A11....$ 6.25000000
iv) The amount of servicing compensation received by the Company during
the month preceding the month of distribution:.....$ 73,381.89
(b) The amounts below are for the aggregate of all Certificates.
v) The Pool Scheduled Principal Balances of each Mortgage Pool on the
preceding Due Date after giving effect to all distributions allocable
to principal made on such Distribution Date:.......$ 321,430,602.54
The aggregate number of Mortgage Loans included in the Scheduled
Principal Balance set forth above:................. 1,161
vi) The Class Certificate Principal Balance of each Class and the
Certificate Principal Balance of a Single Certificate of each Class
after giving effect to (i) all distributions allocable to principal
made on such Distribution Date and (ii) the allocation of any Realized
Losses and any Subordinate Writedown Certificate Amount for such
Distribution Date:
<PAGE>
Class Certificate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 4-A1....................$ 21,540,000.00 $ 1,000.00
Class 4-A2....................$ 20,234,758.63 $ 565.64
Class 4-A3....................$ 22,546,000.00 $ 1,000.00
Class 4-A4....................$ 24,478,377.18 $ 827.62
Class 4-A5....................$ 45,556,000.00 $ 1,000.00
Class 4-A6....................$ 6,477,230.49 $ 918.24
Class 4-A7....................$ 10,576,769.51 $ 1,057.68
Class 4-A8....................$ 47,332,795.23 $ 847.24
Class 4-A9....................$ 19,614,000.00 $ 1,000.00
Class 4-A10...................$ 34,511,000.00 $ 1,000.00
Class 4-A11...................$ 20,612,000.00 $ 1,000.00
Class 4-A12...................$ 32,552,000.00 $ 1,000.00
Class 4-PO....................$ 588,931.42 $ 991.88
Class 4-M.....................$ 4,356,238.11 $ 993.67
Class 4-B1....................$ 3,484,791.75 $ 993.67
Class 4-B2....................$ 3,484,791.75 $ 993.67
Class 4-B3....................$ 1,742,892.71 $ 993.67
Class 4-B4....................$ 522,669.07 $ 993.67
Class 4-B5....................$ 1,219,356.69 $ 993.67
Class 4-R.....................$ 0.00 $ 0.00
Class 4-S.....................$ 292,130,125.20 $ 909.60
vii) The following pertains to any real estate acquired on behalf of
Certificateholders through foreclosure, or grant of a deed in lieu of
foreclosure or otherwise, of any REO Mortgage Loan:
book value.........................................$ 0.00
unpaid principal balance...........................$ 0.00
number of related mortgage loans................... 0
viii)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:
(a) delinquent
(1) 30-59 days
*Number 8 *Principal Balance $ 1,810,451.36
(2) 60-89 days
Number 3 Principal Balance $ 393,062.97
(3) 90 days or more
Number 0 Principal Balance $ 0.00
(b) in foreclosure
Number 2 Principal Balance $ 341,622.02
<PAGE>
ix) The Scheduled Principal Balance of any Mortgage Loan replaced pursuant
to Section 2.03(b), and of any Modified Mortgage Loan purchased
pursuant to Section 3.01(c):..............$ 0.00
x) The Certificate Interest Rates, applicable to the Interest Accrual
Period relating to such Distribution Date:
Class 4-S: ....................... 0.280300%
1. Senior Percentage for such Distribution Date: ....... 95.47313000%
2. Group I Senior Percentage for such Distribution Date: 79.37303400%
3. Group II Senior Percentage for such Distribution Date:16.10009600%
4. Senior Prepayment Percentage for such Distribution
Date: ...............................................100.00000000%
5. Group I Senior Prepayment Percentage for such
Distribution Date: ..................................100.00000000%
6. Group II Senior Prepayment Percentage for such
Distribution Date: .................................. 0.00000000%
7. Junior Percentage for such Distribution Date: ....... 4.52687000%
8. Junior Prepayment Percentage for such Distribution
Date: ............................................... 0.00000000%
Exhibit 99.11
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January 1998
REMIC Multi-Class Pass-Through Certificates
Series 1997-5
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1997
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate Scheduled Monthly Payments:
(a) Principal ................................$ 319,307.97
(b) Interest .................................$ 2,966,086.89
(c) Total ....................................$ 3,285,394.86
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal ................................$ 319,307.97
(b) Interest .................................$ 2,883,924.19
(c) Total ....................................$ 3,203,232.16
3. Aggregate Principal Prepayments in part received and applied in prior
month: .........................................$ 283,997.15
4. Aggregate Principal Prepayments in full received in prior month:
(a) Principal ................................$ 8,282,883.33
(b) Interest .................................$ 47,427.24
(c) Total ....................................$ 8,330,310.57
<PAGE>
5. Aggregate Insurance Proceeds for prior month:
(a) Principal ................................$ 0.00
(b) Interest .................................$ 0.00
(c) Total ....................................$ 0.00
6. Aggregate Liquidation Proceeds for prior month:
(a) Principal ................................$ 183,062.43
(b) Interest .................................$ 1,198.17
(c) Total ....................................$ 184,260.60
7. Aggregate Purchase Prices for Defaulted and Modified Mortgage Loans:
(a) Principal ................................$ 0.00
(b) Interest .................................$ 0.00
(c) Total ....................................$ 0.00
8. Aggregate Purchase Prices ( and substitution adjustments) for
Defective Mortgage Loans:
(a) Principal ................................$ 0.00
(b) Interest .................................$ 0.00
(c) Total ....................................$ 0.00
9. Pool Scheduled Principal Balance: .............$ 440,626,380.65
10. Available Funds: ..............................$ 12,001,800.48
11. Realized Losses for prior month: ...............$ 0.00
12. Aggregate Realized Losses:
(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
(g) Debt Service Reductions: ...................$ 0.00
13. Non-Credit Losses: .............................$ 0.00
14. Compensating Interest Payment: .................$ 9,601.65
<PAGE>
15. Accrued Certificate Interest, Unpaid Class Interest Shortfalls and
Pay-out Rate:
Class 5-A1.......$ 169,015.43 $ 0.00 7.50000015%
Class 5-A2.......$ 1,257,410.70 $ 0.00 7.50000000%
Class 5-A3.......$ 38,125.00 $ 0.00 7.50000000%
Class 5-A4.......$ 12,187.50 $ 0.00 7.50000000%
Class 5-A5.......$ 61,784.35 $ 0.00 7.50000036%
Class 5-A6.......$ 1,138,736.81 $ 0.00 7.50000002%
Class 5-A7 ......$ 0.00 $ 0.00 0.00000000%
Class 5-PO1 .....$ 0.00 $ 0.00 0.00000000%
Class 5-PO2 .....$ 0.00 $ 0.00 0.00000000%
Class 5-M........$ 45,696.09 $ 0.00 7.50000042%
Class 5-B1.......$ 30,464.06 $ 0.00 7.50000040%
Class 5-B2.......$ 22,848.05 $ 0.00 7.50000105%
Class 5-B3.......$ 15,232.03 $ 0.00 7.50000046%
Class 5-B4.......$ 4,569.61 $ 0.00 7.50000308%
Class 5-B5.......$ 10,662.50 $ 0.00 7.50004897%
Class 5-S1.......$ 45,771.10 $ 0.00 0.45027700%
Class 5-S2.......$ 80,046.37 $ 0.00 0.32218000%
Class 5-R........$ 0.00 $ 0.00 0.00000000%
16. Principal distributable:
Class 5-A1.....$ 938,728.72
Class 5-A2.....$ 0.00
Class 5-A3.....$ 0.00
Class 5-A4.....$ 0.00
Class 5-A5.....$ 11,047.20
Class 5-A6.....$ 8,095,709.09
Class 5-A7.....$ 0.00
Class 5-PO1....$ 96.77
Class 5-PO2....$ 519.11
Class 5-M......$ 8,170.58
Class 5-B1.....$ 5,447.05
Class 5-B2.....$ 4,085.29
Class 5-B3.....$ 2,723.53
Class 5-B4.....$ 817.06
Class 5-B5.....$ 1,906.47
Class 5-R......$ 0.00
17. Additional distributions to the Class 5-R Certificate pursuant to
Section 4.01(b): ............................. $ 0.00
18. Certificate Interest Rates of:
Class 5-S1 Certificates:..... 0.450277%
Class 5-S2 Certificates:..... 0.322180%
<PAGE>
19. Accrual Amount A7 Certificates:................$ 0.00
B. Other Amounts:
1. Senior Percentage for such Distribution Date: .......... 95.387082%
2. Category A-Senior Percentage for such Distribution Date: 10.015643%
3. Category B-Senior Percentage for such Distribution Date: 85.371438%
4. Category A-Percentage for such Distribution Date: ...... 10.500000%
5. Category B-Percentage for such Distribution Date: ...... 89.500000%
6. Group I Senior Percentage for such Distribution Date: .. 48.385977%
7. Category A-Group I Senior Percentage for such
Distribution Date: ..................................... 7.814352%
8. Category B-Group I Senior Percentage for such
Distribution Date: ..................................... 40.571625%
9. Group II Senior Percentage for such Distribution Date: . 47.001105%
10. Category A-Group II Senior Percentage for such
Distribution Date: ..................................... 2.201291%
11. Category B-Group II Senior Percentage for such
Distribution Date: ..................................... 44.799813%
12. Category B-Group I Scheduled Distribution Percentage:... 85.371438%
13. Category B-Group II Scheduled Distribution Percentage:.. 0.000000%
14. Senior Prepayment Percentage for such Distribution Date: 100.000000%
15. Category A-Senior Prepayment Percentage
for such Distribution Date: ............................ 10.500000%
16. Category B-Senior Prepayment Percentage
for such Distribution Date: ............................ 89.500000%
17. Group I Senior Prepayment Percentage for such
Distribution Date: ..................................... 100.000000%
<PAGE>
18. Category A-Group I Senior Prepayment Percentage for such
Distribution Date: ..................................... 10.500000%
19. Category B-Group I Senior Prepayment Percentage for such
Distribution Date: ..................................... 89.500000%
20. Group II Senior Prepayment Percentage for such
Distribution Date: ..................................... 0.000000%
21. Category A-Group II Senior Prepayment Percentage for such
Distribution Date: ...................................... 0.000000%
22. Category B-Group II Senior Prepayment Percentage for such
Distribution Date: ...................................... 0.000000%
23. Junior Percentage for such Distribution Date: ........... 4.612918%
24. Junior Prepayment Percentage for such Distribution Date: 0.000000%
25. Subordinate Certificate Writedown Amount for such
Distribution Date: .....................................$ 0.00
26. Prepayment Distribution Triggers satisfied:
YES NO
--- --
Class 5-B1....... X
Class 5-B2....... X
Class 5-B3....... X
Class 5-B4....... X
Class 5-B5....... X
27. Category B Trigger satisfied:
YES NO
--- --
X
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
---------------------------------------
Name: Karen Pickett
Title: Vice-President,
Investor Operations
Exhibit 99.12
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January 1998
REMIC Multi-Class Pass-Through Certificates
Series 1997-5
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1997
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
(a) The amounts below (other than for Class R) are for a Single Certificate of
$1,000:
i) The amount of such distribution allocable to principal:
Class 5-A1.....$ 30.09754551 Class 5-M......$ 1.11218965
Class 5-A2.....$ 0.00000000 Class 5-B1.....$ 1.11218896
Class 5-A3.....$ 0.00000000 Class 5-B2.....$ 1.11218949
Class 5-A4.....$ 0.00000000 Class 5-B3.....$ 1.11219101
Class 5-A5.....$ 1.11218935 Class 5-B4.....$ 1.11219252
Class 5-A6.....$ 39.02464541 Class 5-B5.....$ 1.11218937
Class 5-A7.....$ 0.00000000 Class 5-R......$ 0.00000000
Class 5-PO1....$ 0.71353872
Class 5-PO2....$ 1.03897226
ii) Principal Prepayments included in the above principal distribution
(including the Scheduled Principal Balances of all Defaulted Mortgage
Loans and Defective Mortgage Loans purchased pursuant to Section 2.02,
2.03 (b) or 3.16, respectively, and any amounts deposited pursuant to
Section 2.03(b) in connection with the substitution of any Mortgage
Loans pursuant to Section 2.02 or 2.03(a), the proceeds of which are
being distributed on such Distribution Date):
Class 5-A1.....$ 29.11218964 Class 5-M......$ 0.00000000
Class 5-A2.....$ 0.00000000 Class 5-B1.....$ 0.00000000
Class 5-A3.....$ 0.00000000 Class 5-B2.....$ 0.00000000
Class 5-A4.....$ 0.00000000 Class 5-B3.....$ 0.00000000
Class 5-A5.....$ 1.07577767 Class 5-B4.....$ 0.00000000
Class 5-A6.....$ 37.74702749 Class 5-B5.....$ 0.00000000
Class 5-A7.....$ 0.00000000 Class 5-R......$ 0.00000000
Class 5-PO1....$ 0.69017836
Class 5-PO2....$ 1.00495761
<PAGE>
iii) The amount of such distribution to the Certificateholders of each
class, allocable to Interest:
Class 5-A1.....$ 5.41897727 Class 5-B1.....$ 6.22020935
Class 5-A2.....$ 6.25000000 Class 5-B2.....$ 6.22020987
Class 5-A3.....$ 6.25000000 Class 5-B3.....$ 6.22020935
Class 5-A4.....$ 6.25000000 Class 5-B4.....$ 6.22021156
Class 5-A5.....$ 6.22020930 Class 5-B5.....$ 6.22024952
Class 5-A6.....$ 5.48917948 Class 5-R......$ 0.00000000
Class 5-A7.....$ 0.00000000 Class 5-S1.....$ 0.45959875
Class 5-M......$ 6.22020935 Class 5-S2.....$ 0.80376508
iv) The amount of servicing compensation received by the Company during
the month preceding the month of distribution:......$ 101,512.45
(b) The amounts below are for the aggregate of all Certificates.
v) The Pool Scheduled Principal Balances of each Mortgage Pool on the
preceding Due Date after giving effect to all distributions allocable
to principal made on such Distribution Date:........$ 440,626,380.65
The aggregate number of Mortgage Loans included in the Scheduled
Principal Balance set forth above:.................. 1,659
vi) The Class Certificate Principal Balance of each Class and the
Certificate Principal Balance of a Single Certificate of each Class
after giving effect to (i) all distributions allocable to principal
made on such Distribution Date and (ii) the allocation of any Realized
Losses and any Subordinate Writedown Certificate Amount for such
Distribution Date:
Class Certificate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 5-A1...................$ 26,103,739.53 $ 836.94
Class 5-A2...................$ 201,185,712.00 $ 1,000.00
Class 5-A3...................$ 6,100,000.00 $ 1,000.00
Class 5-A4...................$ 1,950,000.00 $ 1,000.00
Class 5-A5...................$ 9,874,448.33 $ 994.12
Class 5-A6...................$ 174,102,180.05 $ 839.24
Class 5-A7...................$ 0.00 $ 0.00
Class 5-PO1..................$ 122,301.61 $ 901.80
Class 5-PO2..................$ 495,587.49 $ 991.89
Class 5-M....................$ 7,303,203.41 $ 994.12
Class 5-B1...................$ 4,868,802.29 $ 994.12
Class 5-B2...................$ 3,651,602.20 $ 994.12
Class 5-B3...................$ 2,434,401.12 $ 994.12
Class 5-B4...................$ 730,320.24 $ 994.12
<PAGE>
Class 5-B5...................$ 1,704,082.39 $ 994.12
Class 5-R....................$ 0.00 $ 0.00
Class 5-S1...................$ 119,724,585.96 $ 897.80
Class 5-S2...................$ 291,358,137.62 $ 893.31
vii) The following pertains to any real estate acquired on behalf of
Certificateholders through foreclosure, or grant of a deed in lieu of
foreclosure or otherwise, of any REO Mortgage Loan:
book value.........................................$ 0.00
unpaid principal balance...........................$ 0.00
number of related mortgage loans................... 0
viii)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:
(a) delinquent
(1) 30-59 days
Number * 18 Principal Balance $* 4,683,467.06
(2) 60-89 days
Number 3 Principal Balance $ 563,861.32
(3) 90 days or more
Number 0 Principal Balance $ 0.00
(b) in foreclosure
Number 4 Principal Balance $ 989,835.05
ix) The Scheduled Principal Balance of any Mortgage Loan replaced pursuant
to Section 2.03(b), and of any Modified Mortgage Loan purchased
pursuant to Section 3.01(c):.........................$ 0.00
x) The Certificate Interest Rates, applicable to the Interest Accrual
Period relating to such Distribution Date:
Class 5-S1: ........................ 0.450277%
Class 5-S2: ........................ 0.322180%
1. Senior Percentage for such Distribution Date: ...... 95.38708200%
2. Category A-Senior Percentage for such Distribution
Date:............................................... 10.01564300%
3. Category B-Senior Percentage for such Distribution
Date:............................................... 85.37143800%
4. Category A-Percentage for such Distribution Date: .. 10.50000000%
<PAGE>
5. Category B-Percentage for such Distribution Date: .. 89.50000000%
6. Group I Senior Percentage for such Distribution Date:48.38597700%
7. Category A-Group I Senior Percentage for such
Distribution Date: ................................. 7.81435200%
8. Category B-Group I Senior Percentage for such
Distribution Date: ................................. 40.57162500%
9. Group II Senior Percentage for such Distribution
Date: .............................................. 47.00110500%
10. Category A-Group II Senior Percentage for such
Distribution Date: ................................. 2.20129100%
11. Category B-Group II Senior Percentage for such
Distribution Date: ................................. 44.79981300%
12. Category B-Group I Scheduled Distribution Percentage:85.37143800%
13. Category B-Group II Scheduled Distribution Percentage:0.00000000%
14. Senior Prepayment Percentage for such Distribution
Date:...............................................100.00000000%
15. Category A-Senior Prepayment Percentage
for such Distribution Date: ........................ 10.50000000%
16. Category B-Senior Prepayment Percentage
for such Distribution Date: ........................ 89.50000000%
17. Group I Senior Prepayment Percentage for such
Distribution Date: .................................100.00000000%
18. Category A-Group I Senior Prepayment Percentage for such
Distribution Date: ................................. 10.50000000%
19. Category B-Group I Senior Prepayment Percentage for such
Distribution Date: ................................. 89.50000000%
20. Group II Senior Prepayment Percentage for such
Distribution Date: ................................. 0.00000000%
21. Category A-Group II Senior Prepayment Percentage for such
Distribution Date: ................................. 0.00000000%
22. Category B-Group II Senior Prepayment Percentage for such
Distribution Date: .................................. 0.00000000%
23. Junior Percentage for such Distribution Date: ....... 4.61291800%
<PAGE>
24. Junior Prepayment Percentage for such Distribution
Date: ............................................... 0.00000000%
25. Subordinate Certificate Writedown Amount for such
Distribution Date: ..................................$ 0.00
* Due to a large servicing transfer in September 1997, the number of
Mortgage Loans 30-59 days delinquent may be inflated due to borrowers sending
monthly paymnets to the wrong location or delays by the Company loading 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 after transfer. However, the Company makes no assurances as to the level
of delinquent Mortgage Loans for future Distribution Dates.
Exhibit 99.13
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January 1998
REMIC Multi-Class Pass-Through Certificates
Series 1997-6
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1997
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank and Trust Company (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 ...............................$ 258,740.75
(b) Interest ................................$ 2,450,841.91
(c) Total ...................................$ 2,709,582.66
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal ...............................$ 258,740.75
(b) Interest ................................$ 2,378,474.84
(c) Total ...................................$ 2,637,215.59
3. Aggregate Principal Prepayments in part received and applied in prior
month: .......................................$ 85,806.90
4. Aggregate Principal Prepayments in full received in prior month:
(a) Principal ...............................$ 5,497,591.73
(b) Interest ................................$ 33,440.89
(c) Total ...................................$ 5,531,032.62
<PAGE>
5. Aggregate Insurance Proceeds (including 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 and Modified Mortgage Loans:
(a) Principal ...............................$ 0.00
(b) Interest ................................$ 0.00
(c) Total ...................................$ 0.00
8. Aggregate Purchase Prices ( and substitution adjustments) for
Defective Mortgage Loans:
(a) Principal ...............................$ 0.00
(b) Interest ................................$ 0.00
(c) Total ...................................$ 0.00
9. Pool Scheduled Principal Balance: ............$ 362,259,695.94
10. Available Funds: .............................$ 8,254,055.11
11. Realized Losses for prior month: ..............$ 0.00
12. Aggregate Realized Losses and Debt Service Reductions:
(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
(g) Debt Service Reductions: ...................$ 0.00
13. Compensating Interest Payment: ................$ 4,078.36
<PAGE>
14. Accrued Certificate Interest, Unpaid Class Interest Shortfalls and
Pay-out Rate:
Class 6-A1......$ 302,378.30 $ 0.00 7.50000000%
Class 6-A2......$ 169,700.00 $ 0.00 7.50000000%
Class 6-A3......$ 50,093.75 $ 0.00 7.50000000%
Class 6-A4......$ 354,798.78 $ 0.00 7.50000007%
Class 6-A5......$ 37,506.91 $ 0.00 7.50000075%
Class 6-A6......$ 225,234.04 $ 0.00 7.50000004%
Class 6-A7 .....$ 12,043.75 $ 0.00 7.50000000%
Class 6-A8 .....$ 123,326.81 $ 0.00 7.50000001%
Class 6-A9 .....$ 23,006.03 $ 0.00 7.49999959%
Class 6-A10 ....$ 52,885.76 $ 0.00 7.49999945%
Class 6-A11 ....$ 0.00 $ 0.00 0.00000000%
Component A11A .$ 0.00 $ 0.00 0.00000000%
Component A11B .$ 0.00 $ 0.00 0.00000000%
Class 6-A12 ....$ 349.35 $ 0.00 7.49993023%
Class 6-A13 ....$ 89,406.25 $ 0.00 7.50000000%
Class 6-A14 ....$ 0.00 $ 0.00 0.00000000%
Class 6-A15 ....$ 55,017.96 $ 0.00 7.49999966%
Class 6-A16 ....$ 130,502.09 $ 0.00 7.14999988%
Class 6-A17 ....$ 436,302.07 $ 0.00 7.25000002%
Class 6-A18 ....$ 128,598.53 $ 0.00 8.99999977%
Class 6-PO .....$ 0.00 $ 0.00 0.00000000%
Class 6-M.......$ 37,424.39 $ 0.00 7.49999944%
Class 6-B1......$ 24,949.59 $ 0.00 7.49999906%
Class 6-B2......$ 18,712.19 $ 0.00 7.49999870%
Class 6-B3......$ 12,474.78 $ 0.00 7.49999188%
Class 6-B4......$ 3,742.39 $ 0.00 7.49990744%
Class 6-B5......$ 8,732.34 $ 0.00 7.49995824%
Class 6-S.......$ 113,860.27 $ 0.00 0.39123397%
Class 6-R.......$ 0.00 $ 0.00 0.00000000%
15. Accrual Amount:
Class A11A Component $ 0.00
Class A11B Component $ 0.00
Class A14 Component $ 869.40
16. Principal distributable:
Class 6-A1.....$ 1,255,214.57 Class 6-A14...$ 0.00
Class 6-A2.....$ 0.00 Class 6-A15...$ 0.00
Class 6-A3.....$ 0.00 Class 6-A16...$ 568,250.79
Class 6-A4.....$ 39,893.38 Class 6-A17...$ 1,873,604.33
Class 6-A5.....$ 0.00 Class 6-A18...$ 444,858.74
Class 6-A6.....$ 1,191,258.21 Class 6-PO....$ 408.58
Class 6-A7.....$ 0.00 Class 6-M.....$ 4,207.98
Class 6-A8.....$ 13,866.80 Class 6-B1....$ 2,805.32
<PAGE>
Class 6-A9.....$ 0.00 Class 6-B2....$ 2,103.99
Class 6-A10....$ 442,861.38 Class 6-B3....$ 1,402.66
Class 6-A11....$ 0.00 Class 6-B4....$ 420.80
Component-A11A.$ 0.00 Class 6-B5....$ 981.86
Component-A11B.$ 0.00 Class 6-R.....$ 0.00
Class 6-A12....$ 869.40
Class 6-A13....$ 0.00
17. Additional distributions to the Class 6-R Certificate pursuant to
Section 4.01(b): ................................$ 0.00
18. Certificate Interest Rates of:
Class 6-S Certificates:..... 0.391234%
B. Other Amounts:
1. Senior Percentage for such Distribution Date: .......... 95.385847%
2. Category A-Senior Percentage for such Distribution Date: 68.421910%
3. Category B-Senior Percentage for such Distribution Date: 19.717951%
4. Category C-Senior Percentage for such Distribution Date: 7.245986%
5. Category A-Percentage for such Distribution Date: ...... 71.731722%
6. Category B-Percentage for such Distribution Date: ...... 20.671778%
7. Category C-Percentage for such Distribution Date: ...... 7.596500%
8. Group I Senior Percentage for such Distribution Date: .. 70.636638%
9. Category A-Group I Senior Percentage for such
Distribution Date: ..................................... 52.982825%
10. Category B-Group I Senior Percentage for such
Distribution Date: ..................................... 14.351378%
11. Category C-Group I Senior Percentage for such
Distribution Date: ..................................... 3.302435%
12. Category C-Group I Scheduled Distribution Percentage for such
Distribution Date: ..................................... 7.245986%
13. Group II Senior Percentage for such Distribution Date:.. 24.749209%
<PAGE>
14. Category A-Group II Senior Percentage for such
Distribution Date: ..................................... 15.439085%
15. Category B-Group II Senior Percentage for such
Distribution Date: ..................................... 5.366573%
16. Category C-Group II Senior Percentage for such
Distribution Date: ..................................... 3.943551%
17. Category C-Group II Scheduled Distribution Percentage
for such Distribution Date: ............................ 0.000000%
18. Senior Prepayment Percentage for such Distribution Date: 100.000000%
19. Category A-Senior Prepayment Percentage
for such Distribution Date: ............................ 71.731722%
20. Category B-Senior Prepayment Percentage
for such Distribution Date: ............................ 20.671778%
21. Category C-Senior Prepayment Percentage
for such Distribution Date: ............................ 7.596500%
22. Group I Senior Prepayment Percentage for such
Distribution Date: ..................................... 100.000000%
23. Category A-Group I Senior Prepayment Percentage for such
Distribution Date: ..................................... 71.731722%
24. Category B-Group I Senior Prepayment Percentage for such
Distribution Date: ..................................... 20.671778%
25. Category C-Group I Senior Prepayment Percentage for such
Distribution Date: ..................................... 7.596500%
26. Group II Senior Prepayment Percentage for such
Distribution Date: ..................................... 0.000000%
27. Category A-Group II Senior Prepayment Percentage for such
Distribution Date: ..................................... 0.000000%
28. Category B-Group II Senior Prepayment Percentage for such
Distribution Date: ..................................... 0.000000%
29. Category C-Group II Senior Prepayment Percentage for such
Distribution Date: ..................................... 0.000000%
30. Junior Percentage for such Distribution Date: .......... 4.614153%
31. Junior Prepayment Percentage for such Distribution Date: 0.000000%
<PAGE>
32. Subordinate Certificate Writedown Amount for such
Distribution Date: .....................................$ 0.00
33. Prepayment Distribution Triggers satisfied:
YES NO
--- --
Class 6-B1....... X
Class 6-B2....... X
Class 6-B3....... X
Class 6-B4....... X
Class 6-B5....... X
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
-----------------------------------
Name: Karen Pickett
Title: Vice-President,
Investor Operations
Exhibit 99.14
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January 1998
REMIC Multi-Class Pass-Through Certificates
Series 1997-6
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1997
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
(a) The amounts below (other than for Class R) are for a Single Certificate of
$1,000:
i) The amount of such distribution allocable to principal:
Class 6-A1.......$ 22.65417447 Class 6-A13...$ 0.00000000
Class 6-A2.......$ 0.00000000 Class 6-A14...$ 0.00000000
Class 6-A3.......$ 0.00000000 Class 6-A15...$ 0.00000000
Class 6-A4.......$ 0.69988386 Class 6-A16...$ 22.65417455
Class 6-A5.......$ 0.00000000 Class 6-A17...$ 22.65417454
Class 6-A6.......$ 29.32254207 Class 6-A18...$ 22.65417484
Class 6-A7.......$ 0.00000000 Class 6-PO....$ 0.97666895
Class 6-A8.......$ 0.69988391 Class 6-M.....$ 0.69988416
Class 6-A9.......$ 0.00000000 Class 6-B1....$ 0.69988421
Class 6-A10......$ 41.61464038 Class 6-B2....$ 0.69988427
Class 6-A11......$ 0.00000000 Class 6-B3....$ 0.69988439
Component A11A...$ 0.00000000 Class 6-B4....$ 0.69988806
Component A11B...$ 0.00000000 Class 6-B5....$ 0.69988029
Class 6-A12......$ 14.25245902 Class 6-R.....$ 0.00000000
ii) Principal Prepayments included in the above principal distribution
(including the Scheduled Principal Balances of all Defaulted Mortgage
Loans and Defective Mortgage Loans purchased pursuant to Section 2.02,
2.03 (b) or 3.16, respectively, and any amounts deposited pursuant to
Section 2.03(b) in connection with the substitution of any Mortgage
Loans pursuant to Section 2.02 or 2.03(a), the proceeds of which are
being distributed on such Distribution Date):
Class 6-A1......$ 21.69512587 Class 6-A14....$ 0.00000000
Class 6-A2......$ 0.00000000 Class 6-A15....$ 0.00000000
Class 6-A3......$ 0.00000000 Class 6-A16....$ 21.69512594
Class 6-A4......$ 0.67025477 Class 6-A17....$ 21.69512593
<PAGE>
Class 6-A5......$ 0.00000000 Class 6-A18....$ 21.69512622
Class 6-A6......$ 28.08119280 Class 6-PO.....$ 0.93532235
Class 6-A7......$ 0.00000000 Class 6-M......$ 0.00000000
Class 6-A8......$ 0.67025482 Class 6-B1.....$ 0.00000000
Class 6-A9......$ 0.00000000 Class 6-B2.....$ 0.00000000
Class 6-A10.....$ 39.85291374 Class 6-B3.....$ 0.00000000
Class 6-A11.....$ 0.00000000 Class 6-B4.....$ 0.00000000
Component A11A..$ 0.00000000 Class 6-B5.....$ 0.00000000
Component A11B..$ 0.00000000 Class 6-R......$ 0.00000000
Class 6-A12.....$ 13.64909115
Class 6-A13.....$ 0.00000000
iii) The amount of such distribution to the Certificateholders of each
class, allocable to Interest:
Class 6-A1......$ 5.45733847 Class 6-A15....$ 6.24999972
Class 6-A2......$ 6.25000000 Class 6-A16....$ 5.20266259
Class 6-A3......$ 6.25000000 Class 6-A17....$ 5.27542720
Class 6-A4......$ 6.22454000 Class 6-A18....$ 6.54880599
Class 6-A5......$ 6.25000062 Class 6-M......$ 6.22453947
Class 6-A6......$ 5.54408319 Class 6-B1.....$ 6.22453916
Class 6-A7......$ 6.25000000 Class 6-B2.....$ 6.22453884
Class 6-A8......$ 6.22453995 Class 6-B3.....$ 6.22453323
Class 6-A9......$ 6.24999966 Class 6-B4.....$ 6.22446315
Class 6-A10.....$ 4.96955025 Class 6-B5.....$ 6.22450521
Class 6-A11.....$ 0.00000000 Class 6-R......$ 0.00000000
Component A11A..$ 0.00000000 Class 6-S......$ 0.56812762
Component A11B..$ 0.00000000
Class 6-A12.....$ 5.72704918
Class 6-A13.....$ 6.25000000
Class 6-A14.....$ 0.00000000
iv) Accrual Amount:
Class A11A Component $ 0.00
Class A11B Component $ 0.00
Class A14 Component $ 869.40
v) The amount of servicing compensation received by the Company during
the month preceding the month of distribution:......$ 86,973.45
(b) The amounts below are for the aggregate of all Certificates.
vi) The Pool Scheduled Principal Balances of each Mortgage Pool on the
preceding Due Date after giving effect to all distributions allocable
to principal made on such Distribution Date:........$ 362,259,695.94
<PAGE>
The aggregate number of Mortgage Loans included in the Scheduled
Principal Balance set forth above:.................. 1,233
vii) The Class Certificate Principal Balance of each Class and the
Certificate Principal Balance of a Single Certificate of each Class
after giving effect to (i) all distributions allocable to principal
made on such Distribution Date and (ii) the allocation of any Realized
Losses and any Subordinate Writedown Certificate Amount for such
Distribution Date:
Class Certificate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 6-A1.....................$ 47,125,313.41 $ 850.52
Class 6-A2.....................$ 27,152,000.00 $ 1,000.00
Class 6-A3.....................$ 8,015,000.00 $ 1,000.00
Class 6-A4.....................$ 56,727,910.87 $ 995.23
Class 6-A5.....................$ 6,001,105.00 $ 1,000.00
Class 6-A6.....................$ 34,846,187.99 $ 857.73
Class 6-A7.....................$ 1,927,000.00 $ 1,000.00
Class 6-A8.....................$ 19,718,422.77 $ 995.23
Class 6-A9.....................$ 3,680,965.00 $ 1,000.00
Class 6-A10....................$ 8,018,860.84 $ 753.51
Class 6-A11....................$ 0.00 $ 0.00
Component A11A.................$ 0.00 $ 0.00
Component A11B.................$ 0.00 $ 0.00
Class 6-A12....................$ 55,027.12 $ 902.08
Class 6-A13....................$ 14,305,000.00 $ 1,000.00
Class 6-A14....................$ 139,972.88 $ 1,044.57
Class 6-A15....................$ 8,802,874.00 $ 1,000.00
Class 6-A16....................$ 21,334,198.24 $ 850.52
Class 6-A17....................$ 70,341,910.55 $ 850.52
Class 6-A18....................$ 16,701,612.37 $ 850.52
Class 6-PO.....................$ 412,529.90 $ 986.11
Class 6-M......................$ 5,983,694.87 $ 995.23
Class 6-B1.....................$ 3,989,129.58 $ 995.23
Class 6-B2.....................$ 2,991,846.93 $ 995.23
Class 6-B3.....................$ 1,994,564.30 $ 995.23
Class 6-B4.....................$ 598,368.99 $ 995.23
Class 6-B5.....................$ 1,396,200.33 $ 995.23
Class 6-R......................$ 0.00 $ 0.00
Class 6-S......................$ 343,409,550.82 $ 899.97
viii)The following pertains to any real estate acquired on behalf of
Certificateholders through foreclosure, or grant of a deed in lieu of
foreclosure or otherwise, of any REO Mortgage Loan:
book value...........................................$ 0.00
unpaid principal balance.............................$ 0.00
number of related mortgage loans..................... 0
<PAGE>
ix) 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:
(a) delinquent
(1) 30-59 days
Number 5 Principal Balance $ 1,147,929.61
(2) 60-89 days
Number 0 Principal Balance $ 0.00
(3) 90 days or more
Number 0 Principal Balance $ 0.00
(b) in foreclosure
Number 1 Principal Balance $ 240,000.00
x) The Scheduled Principal Balance of any Mortgage Loan and number of
replaced pursuant to Section 2.03(b), and of any Modified Mortgage
Loan purchased pursuant to Section 3.01(c): $ 0.00 $ 0.00
xi) The Scheduled Principal Balance of any Mortgage Loan and number of any
Modified Mortgage Loan purchased pursuant to Section 3.01(c):
$ 0.00 $ 0.00
xii) The Certificate Interest Rates, applicable to the Interest Accrual
Period relating to such Distribution Date:
Class 6-S: ........................ 0.391234%
xiii) Senior Percentage for such Distribution Date: .......... 95.38584700%
xiv) Category A-Senior Percentage for such Distribution Date: 68.42191000%
xv) Category B-Senior Percentage for such Distribution Date: 19.71795100%
xvi) Category C-Senior Percentage for such Distribution Date: 7.24598600%
xvii) Category A-Percentage for such Distribution Date: ..... 71.73172200%
xviii)Category B-Percentage for such Distribution Date: ..... 20.67177800%
xix) Category C-Percentage for such Distribution Date: ..... 7.59650000%
xx) Group I Senior Percentage for such Distribution Date: . 70.63663800%
xxi) Category A-Group I Senior Percentage for such
Distribution Date: .................................... 52.98282500%
<PAGE>
xxii) Category B-Group I Senior Percentage for such
Distribution Date: .................................... 14.35137800%
xxiii)Category C-Group I Senior Percentage for such
Distribution Date: .................................... 3.30243500%
xxiv)Category C-Group I Scheduled Distribution Percentage
for such Distribution Date: ........................... 7.24598600%
xxv) Group II Senior Percentage for such Distribution Date: 24.74920900%
xxvi)Category A-Group II Senior Percentage for such
Distribution Date: .................................... 15.43908500%
xxvii)Category B-Group II Senior Percentage for such
Distribution Date: .................................... 5.36657300%
xxviii)Category C-Group II Senior Percentage for such
Distribution Date: .................................... 3.94355100%
xxix)Category C-Group II Scheduled Distribution Percentage
for such Distribution Date: ........................... 0.00000000%
xxx) Senior Prepayment Percentage for such Distribution Date:100.00000000%
xxxi)Category A-Senior Prepayment Percentage
for such Distribution Date: ........................... 71.73172200%
xxxii)Category B-Senior Prepayment Percentage
for such Distribution Date: ........................... 20.67177800%
xxxiii)Category C-Senior Prepayment Percentage
for such Distribution Date: ........................... 7.59650000%
xxxiv)Group I Senior Prepayment Percentage for such
Distribution Date: .................................... 100.00000000%
xxxv)Category A-Group I Senior Prepayment Percentage for such
Distribution Date: .................................... 71.73172200%
xxxvi)Category B-Group I Senior Prepayment Percentage for such
Distribution Date: .................................... 20.67177800%
xxxvii)Category C-Group I Senior Prepayment Percentage for such
Distribution Date: ..................................... 7.59650000%
xxxviii)Group II Senior Prepayment Percentage for such
Distribution Date: ..................................... 0.00000000%
xxxix)Category A-Group II Senior Prepayment Percentage for such
Distribution Date: ..................................... 0.00000000%
xxxx)Category B-Group II Senior Prepayment Percentage for such
Distribution Date: ..................................... 0.00000000%
<PAGE>
xxxxi)Category C-Group II Senior Prepayment Percentage for such
Distribution Date: ..................................... 0.00000000%
xxxxii)Junior Percentage for such Distribution Date: .......... 4.61415300%
xxxxiii)Junior Prepayment Percentage for such Distribution Date: 0.00000000%
Exhibit 99.15
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
JANUARY 1998
Home Equity Loan Pass-Through Certificates
Series 1997-HE2
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1997
(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: $ 2,196,413.47
2) Aggregate Monthly Payments received and Monthly Advances made this
Month:
(a) Principal $ 310,589.40
(b) Interest $ 1,864,710.79
(c) Total $ 2,175,300.19
(3) Aggregate Principal Prepayments in part received on Self- Amortizing
Mortgage Loans and applied in the applicable Prepayment Period:
(a) Principal $ 42,311.63
(c) Total $ 42,311.63
(4) Aggregate Principal Prepayments in full received in the applicable
Prepayment period:
(a) Principal $ 2,779,406.26
(b) Interest $ 36,720.84
(c) Total $ 2,816,127.10
(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
<PAGE>
(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: $ 231,852,110.30
(11) Available Funds: $ 4,919,345.11
(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
<PAGE>
(14) Compensating Interest Payment: $ 2,436.70
(15) Net Simple Interest Shortfall: $ (0.00)
(16) Net Simple Interest Excess: $ 0.00
(17) Simple Interest Shortfall Payment: $ (0.00)
(18) Unpaid Net Simple Interest Shortfall:
Class A1 36157RAA3 $ 0.00
Class A2 36157RAB1 $ 0.00
Class A3 36157RAC9 $ 0.00
Class A4 36157RAD7 $ 0.00
Class A5 36157RAE5 $ 0.00
Class A6 36157RAF2 $ 0.00
Class A7 36157RAG0 $ 0.00
Class S 36197HE2S $ 0.00
Class M 36157RAH8 $ 0.00
Class B1 36157RAJ4 $ 0.00
Class B2 36157RAK1 $ 0.00
Class B3 36157RAL9 $ 0.00
Class B4 36157RAM7 $ 0.00
Class B5 36157RAN5 $ 0.00
(19) Class Certificate Interest Rate:
Class M 36157RAH8 7.410%
Class B1 36157RAJ4 7.585%
Class B2 36157RAK1 7.925%
Class B3 36157RAL9 9.249%
Class B4 36157RAM7 9.249%
Class B5 36157RAN5 9.249%
Class S 36197HE2S 2.18%
(20) Accrued Certificate Interest and Pay-out Rate:
Class A1 36157RAA3 $ 305,404.59 6.740%
Class A2 36157RAB1 $ 236,637.08 6.745%
Class A3 36157RAC9 $ 125,259.17 6.895%
Class A4 36157RAD7 $ 178,770.00 7.080%
Class A5 36157RAE5 $ 82,028.75 7.185%
Class A6 36157RAF2 $ 169,316.94 7.485%
Class A7 36157RAG0 $ 133,072.80 7.120%
Class S 36197HE2S $ 422,064.02 2.18%
Class M 36157RAH8 $ 37,428.14 7.410%
Class B1 36157RAJ4 $ 38,312.07 7.585%
Class B2 36157RAK1 $ 12,011.45 7.925%
Class B3 36157RAL9 $ 18,688.72 9.249%
Class B4 36157RAM7 $ 14,018.45 9.249%
Class B5 36157RAN5 $ 14,025.65 9.249%
Total $ 1,787,037.82
<PAGE>
(21) Principal distributable:
Class A1 36157RAA3 $ 3,105,509.36
Class A2 36157RAB1 $ 0.00
Class A3 36157RAC9 $ 0.00
Class A4 36157RAD7 $ 0.00
Class A5 36157RAE5 $ 0.00
Class A6 36157RAF2 $ 0.00
Class A7 36157RAG0 $ 0.00
Class M 36157RAH8 $ 8,119.64
Class B1 36157RAJ4 $ 8,119.64
Class B2 36157RAK1 $ 2,436.42
Class B3 36157RAL9 $ 3,248.12
Class B4 36157RAM7 $ 2,436.42
Class B5 36157RAN5 $ 2,437.67
Class R1 36157RAP0 $ 0.00
Class R2 36157RAQ8 $ 0.00
Total $ 3,132,307.29
(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: 91.371911%
(2) Senior Prepayment Percentage for such Distribution Date: 100.000000%
(3) Junior Percentage for such Distribution Date: 8.628089%
(4) Junior Prepayment Percentage for such Distribution Date: 0.000000%
(5) Subordinate Certfificate Writedown Amount for such
Distribution Date: 0.000000%
(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/ Karen Pickett
-----------------------------------
Name: Karen Pickett
Title: Vice President,
Investor Operations
Exhibit 99.16
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
JANUARY 1998
Home Equity Loan Pass-Through Certificates
Series 1997-HE2
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1997
(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 36157RAA3 $ 46.48966110
Class A2 36157RAB1 $ 0.00000000
Class A3 36157RAC9 $ 0.00000000
Class A4 36157RAD7 $ 0.00000000
Class A5 36157RAE5 $ 0.00000000
Class A6 36157RAF2 $ 0.00000000
Class A7 36157RAG0 $ 0.00000000
Class M 36157RAH8 $ 1.32847543
Class B1 36157RAJ4 $ 1.32847543
Class B2 36157RAK1 $ 1.32847543
Class B3 36157RAL9 $ 1.32847543
Class B4 36157RAM7 $ 1.32847543
Class B5 36157RAN5 $ 1.32847543
Class R1 36157RAP0 $ 0.00000000
Class R2 36157RAQ8 $ 0.00000000
(2) Aggregate Principal prepayments included in distribution:
Class A1 36157RAA3 $ 2,821,717.89
Class A2 36157RAB1 $ 0.00
Class A3 36157RAC9 $ 0.00
Class A4 36157RAD7 $ 0.00
Class A5 36157RAE5 $ 0.00
Class A6 36157RAF2 $ 0.00
<PAGE>
Class A7 36157RAG0 $ 0.00
Class M 36157RAH8 $ 0.00
Class B1 36157RAJ4 $ 0.00
Class B2 36157RAK1 $ 0.00
Class B3 36157RAL9 $ 0.00
Class B4 36157RAM7 $ 0.00
Class B5 36157RAN5 $ 0.00
Class R1 36157RAP0 $ 0.00
Class R2 36157RAQ8 $ 0.00
(3) Amount of distribution allocable to interest Pay-out Rate:
Class A1 36157RAA3 $ 4.57192503 6.740%
Class A2 36157RAB1 $ 5.62083333 6.745%
Class A3 36157RAC9 $ 5.74583333 6.895%
Class A4 36157RAD7 $ 5.90000000 7.080%
Class A5 36157RAE5 $ 5.98750000 7.185%
Class A6 36157RAF2 $ 6.23750000 7.485%
Class A7 36157RAG0 $ 5.93333333 7.120%
Class S 36197HE2S $ 1.82040187 2.18%
Class M 36157RAH8 $ 6.12371418 7.410%
Class B1 36157RAJ4 $ 6.26833631 7.585%
Class B2 36157RAK1 $ 6.54931645 7.925%
Class B3 36157RAL9 $ 7.64364731 9.249%
Class B4 36157RAM7 $ 7.64364731 9.249%
Class B5 36157RAN5 $ 7.64364731 9.249%
(4) Servicing Compensation: $ 110,796.20
The amounts below are for the aggregate of all Certificates:
(5) Pool Principal Balance; $ 231,852,110.30
number of Mortgage Loans: 3,271
(6) Class Certificate Principal Balance of each Class; Certificate
Principal Balance of Single Certificate of each class:
<PAGE>
Single
Certificate
Class Cusip# Class Balance Balance
----- ------ ------------- -------
Class A1 36157RAA3 $ 51,269,195.46 $ 767.50292605
Class A2 36157RAB1 $ 42,100,000.00 $ 1,000.00000000
Class A3 36157RAC9 $ 21,800,000.00 $ 1,000.00000000
Class A4 36157RAD7 $ 30,300,000.00 $ 1,000.00000000
Class A5 36157RAE5 $ 13,700,000.00 $ 1,000.00000000
Class A6 36157RAF2 $ 27,145,000.00 $ 1,000.00000000
Class A7 36157RAG0 $ 22,428,000.00 $ 1,000.00000000
Class M 36157RAH8 $ 6,053,117.78 $ 990.36612859
Class B1 36157RAJ4 $ 6,053,117.78 $ 990.36612859
Class B2 36157RAK1 $ 1,816,331.48 $ 990.36612859
Class B3 36157RAL9 $ 2,421,445.18 $ 990.36612859
Class B4 36157RAM7 $ 1,816,331.48 $ 990.36612859
Class B5 36157RAN5 $ 1,817,263.85 $ 990.36612859
Class R1 36157RAP0 $ 0.00 $ 0.00000000
Class R2 36157RAQ8 $ 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 $ 3,117,117.70
47
Two Payments Delinquent $ 1,336,921.14
19
Three or more Payments Delinquent $ 467,967.40
7
TOTAL $ 4,922,006.24
73
In foreclosure $ 1,346,320.04
17
(9) Aggregate Scheduled Principal Balance and number of replaced Mortgage
Loans: $ 0.00
0
(10) Unpaid Net Simple Interest Shortfall:
Class A1 36157RAA3 $ 0.00
Class A2 36157RAB1 $ 0.00
Class A3 36157RAC9 $ 0.00
Class A4 36157RAD7 $ 0.00
Class A5 36157RAE5 $ 0.00
Class A6 36157RAF2 $ 0.00
Class A7 36157RAG0 $ 0.00
Class S 36197HE2S $ 0.00
Class M 36157RAH8 $ 0.00
Class B1 36157RAJ4 $ 0.00
Class B2 36157RAK1 $ 0.00
Class B3 36157RAL9 $ 0.00
Class B4 36157RAM7 $ 0.00
Class B5 36157RAN5 $ 0.00
<PAGE>
(11) Class Certificate Interest Rate of:
Class M 36157RAH8 7.410%
Class B1 36157RAJ4 7.585%
Class B2 36157RAK1 7.925%
Class B3 36157RAL9 9.249%
Class B4 36157RAM7 9.249%
Class B5 36157RAN5 9.249%
Class S 36197HE2S 2.18%
(12) Senior Percentage for such Distribution Date: 91.371911%
(13) Senior Prepayment Percentage for such Distribution Date: 100.000000%
(14) Junior Percentage for such Distribution Date: 8.628089%
(15) Junior Prepayment Percentage for such Distribution Date: 0.000000%
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
---------------------------------------
Name: Karen Pickett
Title: Vice President,
Investor Operations
Exhibit 99.17
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January 1998
REMIC Multi-Class Pass-Through Certificates
Series 1997-7
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1997
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank and Trust Company (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 ...................................$ 225,951.93
(b) Interest ....................................$ 2,184,569.62
(c) Total .......................................$ 2,410,521.55
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal ...................................$ 225,951.93
(b) Interest ....................................$ 2,122,561.82
(c) Total .......................................$ 2,348,513.75
3. Aggregate Principal Prepayments in part received and applied in prior
month: ...........................................$ 139,967.66
4. Aggregate Principal Prepayments in full received in prior month:
(a) Principal ...................................$ 5,788,745.21
(b) Interest ....................................$ 32,468.08
(c) Total .......................................$ 5,821,213.29
<PAGE>
5. Aggregate Insurance Proceeds 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 and Modified Mortgage Loans:
a) Principal ....................................$ 0.00
b) Interest .....................................$ 0.00
c) Total ........................................$ 0.00
8. Aggregate Purchase Prices ( and substitution adjustments) for
Defective Mortgage Loans:
(a) Principal ...................................$ 0.00
(b) Interest ....................................$ 0.00
(c) Total .......................................$ 0.00
9. Pool Scheduled Principal Balance: ................$ 320,786,842.57
10. Available Funds: .................................$ 8,309,694.70
11. Realized Losses for prior month: ..................$ 0.00
12. Aggregate Realized Losses:
(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
(g) Debt Service Reductions: ......................$ 0.00
13. Non-Credit Losses: ................................$ 0.00
14. Compensating Interest Payment: ....................$ 6,791.33
<PAGE>
15. Accrued Certificate Interest, Unpaid Class Interest
Shortfalls and Pay-out Rate:
Class 7-A1....$ 211,656.66 $ 0.00 8.99999984%
Class 7-A2....$ 30,459.69 $ 0.00 7.19999889%
Class 7-A3....$ 799,458.52 $ 0.00 7.15000000%
Class 7-A4....$ 92,473.14 $ 0.00 7.12500006%
Class 7-A5....$ 220,058.87 $ 0.00 8.00000010%
Class 7-A6....$ 71,426.62 $ 0.00 7.12499972%
Class 7-A7....$ 24,780.17 $ 0.00 7.50000021%
Class 7-A8....$ 17,250.00 $ 0.00 7.50000000%
Class 7-A9....$ 0.00 $ 0.00 0.00000000%
Class 7-A10...$ 66,666.67 $ 0.00 8.00000040%
Class 7-A11...$ 250,000.00 $ 0.00 7.50000000%
Class 7-A12...$ 120,833.33 $ 0.00 7.24999980%
Class 7-M.....$ 32,725.39 $ 0.00 7.49999555%
Class 7-B1....$ 21,816.92 $ 0.00 7.49999328%
Class 7-B2....$ 16,362.68 $ 0.00 7.49999009%
Class 7-B3....$ 10,908.45 $ 0.00 7.49998638%
Class 7-B4....$ 3,272.52 $ 0.00 7.49996491%
Class 7-B5....$ 7,635.91 $ 0.00 7.49996826%
Class 7-S.....$ 113,399.53 $ 0.00 0.43381800%
Class 7-R.....$ 0.00 $ 0.00 0.00000000%
16. Accrual Amount:
Class 7-A9....................$ 43,844.83
17. Principal distributable:
Class 7-A1....$ 877,734.74 Class 7-A11....$ 0.00
Class 7-A2....$ 157,894.46 Class 7-A12....$ 0.00
Class 7-A3....$ 4,173,147.61 Class 7-PO.....$ 270.54
Class 7-A4....$ 315,788.96 Class 7-M......$ 3,618.01
Class 7-A5....$ 619,577.46 Class 7-B1.....$ 2,412.00
Class 7-A6....$ 0.00 Class 7-B2.....$ 1,809.00
Class 7-A7....$ 43,844.83 Class 7-B3.....$ 1,206.00
Class 7-A8....$ 0.00 Class 7-B4.....$ 361.80
Class 7-A9....$ 0.00 Class 7-B5.....$ 844.22
Class 7-A10...$ 0.00 Class 7-R......$ 0.00
18. Additional distributions to the Class 7-R Certificate
pursuant to Section 4.01(b): .....................$ 0.00
pursuant to Section 2.05(d): .....................$ 0.00
<PAGE>
19. Certificate Interest Rate of:
Class 7-S Certificates:.......... 0.433818%
B. Other Amounts:
1. Senior Percentage for such Distribution Date: .......... 95.458400%
2. Senior Prepayment Percentage for such Distribution Date: 100.000000%
3. Junior Percentage for such Distribution Date: .......... 4.541600%
4. Junior Prepayment Percentage for such Distribution Date: 0.000000%
5. Subordinate Certificate Writedown Amount for such
Distribution Date: ....................................$ 0.00
6. Prepayment Distribution Triggers satisfied:
YES NO
--- --
Class 7-B1........ X
Class 7-B2........ X
Class 7-B3........ X
Class 7-B4........ X
Class 7-B5........ X
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
------------------------------------
Name: Karen Pickett
Title: Vice-President,
Investor Operations
Exhibit 99.18
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January 1998
REMIC Multi-Class Pass-Through Certificates
Series 1997-7
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1997
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank and Trust Company (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) The amounts below are for a Single Certificate of $1,000:
i) The amount of such distribution allocable to principal:
Class 7-A1....$ 27.82673554 Class 7-A11...$ 0.00000000
Class 7-A2....$ 27.82673505 Class 7-A12...$ 0.00000000
Class 7-A3....$ 27.82675422 Class 7-PO....$ 0.95942393
Class 7-A4....$ 18.83104610 Class 7-M.....$ 0.68865955
Class 7-A5....$ 17.52508510 Class 7-B1....$ 0.68865765
Class 7-A6....$ 0.00000000 Class 7-B2....$ 0.68865778
Class 7-A7....$ 10.48919378 Class 7-B3....$ 0.68865765
Class 7-A8....$ 0.00000000 Class 7-B4....$ 0.68865883
Class 7-A9....$ 0.00000000 Class 7-B5....$ 0.68867276
Class 7-A10...$ 0.00000000 Class 7-R.....$ 0.00000000
ii) Principal Prepayments included in the above principal distribution
(including the Scheduled Principal Balances of all Defaulted Mortgage
Loans and Defective Mortgage Loans purchased pursuant to Section 2.02,
2.03(b) or 3.16, respectively, and any amounts deposited pursuant to
Section 2.03(b) in connection with the substitution of any Mortgage
Loans pursuant to Section 2.02 or 2.03(a), the proceeds of which are
being distributed on such Distribution Date):
Class 7-A1....$ 26.84987226 Class 7-A8....$ 0.00000000
Class 7-A2....$ 26.84987178 Class 7-A9....$ 0.00000000
Class 7-A3....$ 26.84989028 Class 7-10....$ 0.00000000
Class 7-A4....$ 18.16997835 Class 7-11....$ 0.00000000
Class 7-A5....$ 16.90986338 Class 7-12....$ 0.00000000
Class 7-A6....$ 0.00000000 Class 7-PO....$ 0.92574316
Class 7-A7....$ 10.12096847 Class 7-M.....$ 0.00000000
<PAGE>
Class 7-B1....$ 0.00000000 Class 7-B4....$ 0.00000000
Class 7-B2....$ 0.00000000 Class 7-B5....$ 0.00000000
Class 7-B3....$ 0.00000000 Class 7-R.....$ 0.00000000
iii) The amount of such distribution to the Certificateholders of each
class, allocable to Interest; Pay-out Rate:
Class 7-A1....$ 6.71012965 Class 7-M.....$ 6.22901883
Class 7-A2....$ 5.36810299 Class 7-B1....$ 6.22901693
Class 7-A3....$ 5.33082887 Class 7-B2....$ 6.22901431
Class 7-A4....$ 5.51433452 Class 7-B3....$ 6.22901122
Class 7-A5....$ 6.22448471 Class 7-B4....$ 6.22899334
Class 7-A6....$ 5.93749977 Class 7-B5....$ 6.22899621
Class 7-A7....$ 5.92827033 Class 7-R.....$ 0.00000000
Class 7-A8....$ 6.25000000 Class 7-S.....$ 0.33657706
Class 7-A9....$ 0.00000000
Class 7-A10...$ 6.66666700
Class 7-A11...$ 6.25000000
Class 7-A12...$ 6.04166650
iv) Accrual Amount:
Class 7-A9........... $ 43,844.83
v) The amount of servicing compensation received by the Company during
the month preceding the month of distribution:.....$ 0.22842980
(b) The amounts below are for the aggregate of all Certificates.
vi) The Pool Scheduled Principal Balances of each Mortgage Pool on the
preceding Due Date after giving effect to all distributions allocable
to principal made on such Distribution Date:.......$ 320,786,842.57
The aggregate number of Mortgage Loans included in the Scheduled
Principal Balance set forth above:................. 1,142
vii) The Class Certificate Principal Balance of each Class and the
Certificate Principal Balance of a Single Certificate of each Class
after giving effect to (i) all distributions allocable to principal
made on such Distribution Date and (ii) the allocation of any Realized
Losses and any Subordinate Writedown Certificate Amount for such
Distribution Date:
Class Certificate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 7-A1........ $ 27,343,153.75 $ 866.86
Class 7-A2........ $ 4,918,721.32 $ 866.86
Class 7-A3........ $ 130,001,708.97 $ 866.86
Class 7-A4........ $ 15,258,634.49 $ 909.90
Class 7-A5........ $ 32,389,252.61 $ 916.15
<PAGE>
Class 7-A6........ $ 12,029,747.00 $ 1,000.00
Class 7-A7........ $ 3,920,982.26 $ 938.03
Class 7-A8........ $ 2,760,000.00 $ 1,000.00
Class 7-A9........ $ 7,059,017.74 $ 1,038.09
Class 7-A10....... $ 10,000,000.00 $ 1,000.00
Class 7-A11....... $ 40,000,000.00 $ 1,000.00
Class 7-A12....... $ 20,000,000.00 $ 1,000.00
Class 7-PO....... $ 280,355.77 $ 994.23
Class 7-M......... $ 5,232,447.50 $ 995.95
Class 7-B1........ $ 3,488,298.33 $ 995.95
Class 7-B2........ $ 2,616,223.26 $ 995.95
Class 7-B3........ $ 1,744,149.17 $ 995.95
Class 7-B4........ $ 523,243.85 $ 995.95
Class 7-B5........ $ 1,220,906.55 $ 995.95
Class 7-S......... $ 307,536,062.20 $ 912.79
Class 7-R......... $ 0.00 $ 0.00
viii)The following pertains to any real estate acquired on behalf of
Certificateholders through foreclosure, or grant of a deed in lieu of
foreclosure or otherwise, of any REO Mortgage Loan:
book value.........................................$ 0.00
unpaid principal balance...........................$ 0.00
number of related mortgage loans................... 0.00
ix) 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:
(a) delinquent
(1) 30-59 days
Number 7 Principal Balance $ 1,560,516.54
(2) 60-89 days
Number 3 Principal Balance $ 709,545.74
(3) 90 days or more
Number 0 Principal Balance $ 0.00
(b) in foreclosure
Number 0 Principal Balance $ 0.00
x) The Scheduled Principal Balance of any Mortgage Loan replaced pursuant
to Section 2.03(b), and of any Modified Mortgage Loan purchased
pursuant to Section 3.01(c): ......................$ 0.00
<PAGE>
xi) The Senior Percentage for such Distribution Date: .......... 95.458400%
The Junior Percentage for such Distribution Date: .......... 4.541600%
xii)The Senior Prepayment Percentage for such Distribution Date:100.000000%
The Junior Prepayment Percentage for such Distribution Date: 0.000000%
Exhibit 99.19
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January 1998
REMIC Multi-Class Pass-Through Certificates
Series 1997-8
Pursuant to the Pooling and Servicing Agreement dated as of September 1,
1997 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank and Trust Company (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 .................................$ 344,825.87
(b) Interest ..................................$ 3,086,331.19
(c) Total .....................................$ 3,431,157.06
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal .................................$ 344,825.87
(b) Interest ..................................$ 2,993,500.69
(c) Total .....................................$ 3,338,326.56
3. Aggregate Principal Prepayments in part received and applied in prior
month: .........................................$ 83,046.05
4. Aggregate Principal Prepayments in full received in prior month:
(a) Principal .................................$ 11,674,211.82
(b) Interest ..................................$ 68,987.36
(c) Total .....................................$ 11,743,199.18
<PAGE>
5. Aggregate Insurance Proceeds (including 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 and Modified Mortgage Loans:
(a) Principal .................................$ 0.00
(b) Interest ..................................$ 0.00
(c) Total .....................................$ 0.00
8. Aggregate Purchase Prices ( and substitution adjustments) for
Defective Mortgage Loans:
(a) Principal .................................$ 273,842.48
(b) Interest ..................................$ 1,823.68
(c) Total .....................................$ 275,666.16
9. Pool Scheduled Principal Balance: ..............$ 472,594,520.41
10. Available Funds: ...............................$ 15,440,237.95
11. Realized Losses for prior month: ................$ 0.00
12. Aggregate Realized Losses and Debt Service Reductions:
(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
(g) Debt Service Reductions: .....................$ 0.00
13. Compensating Interest Payment: ..................$ 7,101.62
<PAGE>
14. Accrued Certificate Interest, Unpaid Class Interest Shortfalls and
Pay-out Rate:
Class 8-A1....$ 111,913.84 $ 0.00 7.24999985%
Class 8-A2....$ 75,437.33 $ 0.00 7.25000034%
Class 8-A3....$ 164,767.50 $ 0.00 6.75000000%
Class 8-A4....$ 73,861.88 $ 0.00 6.75000046%
Class 8-A5....$ 104,917.50 $ 0.00 6.75000000%
Class 8-A6....$ 132,324.58 $ 0.00 7.24999982%
Class 8-A7 ...$ 596,233.68 $ 0.00 7.25000001%
Class 8-A8 ...$ 318,524.75 $ 0.00 7.25000007%
Class 8-A9 ...$ 0.00 $ 0.00 0.00000000%
Class 8-A10 ..$ 0.00 $ 0.00 0.00000000%
Class 8-A11 ..$ 130,373.12 $ 0.00 7.24999972%
Class 8-A12 ..$ 25,447.91 $ 0.00 7.24999887%
Class 8-A13 ..$ 179,570.42 $ 0.00 7.25000013%
Class 8-A14 ..$ 122,830.95 $ 0.00 6.91249987%
Class 8-A15 ..$ 37,093.62 $ 0.00 8.64821424%
Class 8-A16 ..$ 445,979.71 $ 0.00 7.24999998%
Class 8-A17 ..$ 178,125.00 $ 0.00 7.12500000%
Class 8-A18 ..$ 1,625.00 $ 0.00 0.06500000%
Class 8-A19 ..$ 1,500.00 $ 0.00 0.06000000%
Class 8-M.....$ 46,832.23 $ 0.00 7.24999946%
Class 8-B1....$ 28,703.43 $ 0.00 7.24999936%
Class 8-B2....$ 22,662.54 $ 0.00 7.25001010%
Class 8-B3....$ 15,108.37 $ 0.00 7.25001491%
Class 8-B4....$ 4,531.93 $ 0.00 7.25004989%
Class 8-B5....$ 10,574.89 $ 0.00 7.25000042%
Class 8-R.....$ 0.29 $ 0.00 7.33712840%
Class 8-RL....$ 0.29 $ 0.00 7.33712840%
Class 8-S.....$ 137,052.35 $ 0.00 0.35953099%
15. Accrual Amount:
Class A9 Certificate $ 26,151.45
Class A10 Certificate $ 72,167.17
16. Principal distributable:
Class 8-A1.....$ 13,168.78 Class 8-A15...$ 1,332,176.60
Class 8-A2.....$ 337,864.92 Class 8-A16...$ 3,080,457.24
Class 8-A3.....$ 0.00 Class 8-A17...$ 0.00
Class 8-A4.....$ 0.00 Class 8-A18...$ 0.00
Class 8-A5.....$ 0.00 Class 8-A19...$ 0.00
Class 8-A6.....$ 0.00 Class 8-PO....$ 447.20
Class 8-A7.....$ 457,069.83 Class 8-M.....$ 5,510.70
Class 8-A8.....$ 1,718,929.49 Class 8-B1....$ 3,377.50
Class 8-A9.....$ 0.00 Class 8-B2....$ 2,666.67
Class 8-A10....$ 0.00 Class 8-B3....$ 1,777.78
Class 8-A11....$ 0.00 Class 8-B4....$ 533.26
<PAGE>
Class 8-A12....$ 0.00 Class 8-B5....$ 1,244.33
Class 8-A13....$ 0.00 Class 8-R.....$ 1.98
Class 8-A14....$ 5,519,016.58 Class 8-RL....$ 1.98
17. Additional distributions to the Class 8-R Certificate pursuant to
Sections 2.05(c) and 4.01(b):......................$ 0.00
18. Additional distributions to the Class 8-RL Certificate pursuant to
Sections 2.05(d): .................................$ 0.00
19. Certificate Interest Rates of:
Class A14 Certificates:... 6.912500%
Class A15 Certificates:... 8.648214%
Class S Certificates:..... 0.359531%
20. Draw Amount:
Class A9 Certificate $ 0.00
21. Distributions of amounts in Reserve Fund to Senior Certificates (other
than the Class PO Certificates) and the Class S Certificates pursuant
to the second paragraph of Section 4.01 (g): :
Class A1 Certificates:....$ 0.00
Class A2 Certificates:....$ 0.00
Class A3 Certificates:....$ 0.00
Class A4 Certificates:....$ 0.00
Class A5 Certificates:....$ 0.00
Class A6 Certificates:....$ 0.00
Class A7 Certificates:....$ 0.00
Class A8 Certificates:....$ 0.00
Class A9 Certificates:....$ 0.00
Class A10 Certificates:...$ 0.00
Class A11 Certificates:...$ 0.00
Class A12 Certificates:...$ 0.00
Class A13 Certificates:...$ 0.00
Class A14 Certificates:...$ 0.00
Class A15 Certificates:...$ 0.00
Class A16 Certificates:...$ 0.00
Class A17 Certificates:...$ 0.00
Class A18 Certificates:...$ 0.00
Class A19 Certificates:...$ 0.00
Class R Certificates:.....$ 0.00
Class RL Certificates:....$ 0.00
Class S Certificates:.....$ 0.00
<PAGE>
B. Other Amounts:
1. Senior Percentage for such Distribution Date: ........... 95.613190%
2. Category B-Group I Senior Percentage for such Distribution
Date: ................................................... 89.674133%
3. Category B-Group II Senior Percentage for such Distribution
Date: ................................................... 10.000000%
4. Senior Prepayment Percentage for such Distribution Date:. 100.000000%
5. Category B-Group I Senior Prepayment Percentage for
such Distribution Date: ................................. 100.000000%
6. Junior Percentage for such Distribution Date: ............ 4.386810%
7. Junior Prepayment Percentage for such Distribution Date: . 0.000000%
8. Subordinate Certificate Writedown Amount for such
Distribution Date: .......................................$ 0.00
9. Prepayment Distribution Triggers satisfied:
YES NO
--- --
Class 8-B1....... X
Class 8-B2....... X
Class 8-B3....... X
Class 8-B4....... X
Class 8-B5....... X
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
-------------------------------------
Name: Karen Pickett
Title: Vice-President,
Investor Operations
Exhibit 99.20
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January 1998
REMIC Multi-Class Pass-Through Certificates
Series 1997-8
Pursuant to the Pooling and Servicing Agreement dated as of September 1,
1997 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank and Trust Company (the "Trustee"), governing
the Certificates referred to above, the Company hereby certifies to the Trustee:
(a) The amounts below (other than for Class R) are for a Single Certificate of
$1,000:
i) The amount of such distribution allocable to principal:
Class 8-A1....$ 0.70941012 Class 8-A15...$ 196.82811870
Class 8-A2....$ 25.32910413 Class 8-A16...$ 39.58291505
Class 8-A3....$ 0.00000000 Class 8-A17...$ 0.00000000
Class 8-A4....$ 0.00000000 Class 8-A18...$ 0.00000000
Class 8-A5....$ 0.00000000 Class 8-A19...$ 0.00000000
Class 8-A6....$ 0.00000000 Class 8-PO....$ 0.96942912
Class 8-A7....$ 4.58933098 Class 8-M.....$ 0.70941040
Class 8-A8....$ 31.25326345 Class 8-B1....$ 0.70940979
Class 8-A9....$ 0.00000000 Class 8-B2....$ 0.70940942
Class 8-A10...$ 0.00000000 Class 8-B3....$ 0.70940942
Class 8-A11...$ 0.00000000 Class 8-B4....$ 0.70940535
Class 8-A12...$ 0.00000000 Class 8-B5....$ 0.70940686
Class 8-A13...$ 0.00000000 Class 8-R.....$ 39.60000000
Class 8-A14...$ 196.82811957 Class 8-RL....$ 0.00000395
ii) Principal Prepayments included in the above principal distribution
(including the Scheduled Principal Balances of all Defaulted Mortgage
Loans and Defective Mortgage Loans purchased pursuant to Section 2.02,
2.03 (b) or 3.16, respectively, and any amounts deposited pursuant to
Section 2.03(b) in connection with the substitution of any Mortgage
Loans pursuant to Section 2.02 or 2.03(a), the proceeds of which are
being distributed on such Distribution Date):
Class 8-A1....$ 0.69048713 Class 8-A14...$ 191.57787506
Class 8-A2....$ 24.65346901 Class 8-A15...$ 191.57787421
Class 8-A3....$ 0.00000000 Class 8-A16...$ 38.52707007
Class 8-A4....$ 0.00000000 Class 8-A17...$ 0.00000000
<PAGE>
Class 8-A5....$ 0.00000000 Class 8-A18...$ 0.00000000
Class 8-A6....$ 0.00000000 Class 8-A19...$ 0.00000000
Class 8-A7....$ 4.46691397 Class 8-PO....$ 0.94357032
Class 8-A8....$ 30.41960576 Class 8-M.....$ 0.00000000
Class 8-A9....$ 0.00000000 Class 8-B1....$ 0.00000000
Class 8-A10...$ 0.00000000 Class 8-B2....$ 0.00000000
Class 8-A11...$ 0.00000000 Class 8-B3....$ 0.00000000
Class 8-A12...$ 0.00000000 Class 8-B4....$ 0.00000000
Class 8-A13...$ 0.00000000 Class 8-B5....$ 0.00000000
Class 8-R.....$ 38.54369929
Class 8-RL....$ 0.00000384
iii) The amount of such distribution to the Certificateholders of each
class, allocable to Interest:
Class 8-A1....$ 6.02886602 Class 8-A15...$ 5.48055524
Class 8-A2....$ 5.65539621 Class 8-A16...$ 5.73070022
Class 8-A3....$ 5.62500000 Class 8-A17...$ 5.93750000
Class 8-A4....$ 5.62500038 Class 8-A18...$ 0.05416667
Class 8-A5....$ 5.62500000 Class 8-A19...$ 0.05000000
Class 8-A6....$ 6.04166651 Class 8-M.....$ 6.02886586
Class 8-A7....$ 5.98664257 Class 8-B1....$ 6.02886578
Class 8-A8....$ 5.79135909 Class 8-B2....$ 6.02887470
Class 8-A9....$ 0.00000000 Class 8-B3....$ 6.02887869
Class 8-A10...$ 0.00000000 Class 8-B4....$ 6.02890781
Class 8-A11...$ 6.04166643 Class 8-B5....$ 6.02886654
Class 8-A12...$ 6.04166790 Class 8-R.....$ 5.80000000
Class 8-A13...$ 6.04166678 Class 8-RL....$ 5.80000000
Class 8-A14...$ 4.38059654 Class 8-S.....$ 0.54695354
iv) Accrual Amount:
Class 8-A9 Certificates $ 26,151.45
Class 8-A10 Certificates $ 72,167.17
v) The amount of servicing compensation received by the Company during
the month preceding the month of distribution:........$ 112,969.08
(b) The amounts below are for the aggregate of all Certificates.
vi) The Pool Scheduled Principal Balances of each Mortgage Pool on the
preceding Due Date after giving effect to all distributions allocable
to principal made on such Distribution Date:..........$ 472,594,520.41
<PAGE>
The aggregate number of Mortgage Loans included in the Scheduled
Principal Balance set forth above:.................... 1,567
vii) The Class Certificate Principal Balance of each Class and the
Certificate Principal Balance of a Single Certificate of each Class
after giving effect to (i) all distributions allocable to principal
made on such Distribution Date and (ii) the allocation of any Realized
Losses and any Subordinate Writedown Certificate Amount for such
Distribution Date:
Class Certificate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 8-A1..................$ 18,510,501.67 $ 997.17
Class 8-A2..................$ 12,148,313.25 $ 910.74
Class 8-A3..................$ 29,292,000.00 $ 1,000.00
Class 8-A4..................$ 13,131,000.00 $ 1,000.00
Class 8-A5..................$ 18,652,000.00 $ 1,000.00
Class 8-A6..................$ 21,902,000.00 $ 1,000.00
Class 8-A7..................$ 98,229,884.00 $ 986.30
Class 8-A8..................$ 51,002,407.95 $ 927.32
Class 8-A9..................$ 4,354,667.27 $ 1,024.39
Class 8-A10.................$ 12,017,078.73 $ 1,024.39
Class 8-A11.................$ 21,579,000.00 $ 1,000.00
Class 8-A12.................$ 4,212,068.52 $ 1,000.00
Class 8-A13.................$ 29,722,000.00 $ 1,000.00
Class 8-A14.................$ 15,804,259.05 $ 563.64
Class 8-A15.................$ 3,814,821.70 $ 563.64
Class 8-A16.................$ 70,736,874.27 $ 908.95
Class 8-A17.................$ 30,000,000.00 $ 1,000.00
Class 8-A18.................$ 30,000,000.00 $ 1,000.00
Class 8-A19.................$ 30,000,000.00 $ 1,000.00
Class 8-PO..................$ 458,116.43 $ 993.09
Class 8-M...................$ 7,746,031.39 $ 997.17
Class 8-B1..................$ 4,747,535.47 $ 997.17
Class 8-B2..................$ 3,748,369.21 $ 997.17
Class 8-B3..................$ 2,498,912.80 $ 997.17
Class 8-B4..................$ 749,574.13 $ 997.17
Class 8-B5..................$ 1,749,082.19 $ 997.17
Class 8-R...................$ 45.45 $ 909.00
Class 8-RL..................$ 45.45 $ 909.00
Class 8-S...................$ 445,087,176.35 $ 940.05
viii)The following pertains to any real estate acquired on behalf of
Certificateholders through foreclosure, or grant of a deed in lieu of
foreclosure or otherwise, of any REO Mortgage Loan:
book value..........................................$ 0.00
unpaid principal balance............................$ 0.00
number of related mortgage loans.................... 0
<PAGE>
ix) 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:
(a) delinquent
(1) 30-59 days
Number 4 Principal Balance $ 1,098,145.67
(2) 60-89 days
Number 1 Principal Balance $ 344,523.58
(3) 90 days or more
Number 0 Principal Balance $ 0.00
(b) in foreclosure
Number 0 Principal Balance $ 0.00
x) The Scheduled Principal Balance of any Mortgage Loan and number of
replaced pursuant to Section 2.03(b), and of any Modified Mortgage
Loan purchased pursuant to Section 3.01(c): $ 0.00 $ 0.00
xi) The Scheduled Principal Balance of any Mortgage Loan and number of any
Modified Mortgage Loan purchased pursuant to Section 3.01(c):
$ 0.00 $ 0.00
xii) The Certificate Interest Rates, applicable to the Interest Accrual
Period relating to such Distribution Date:
Class 8-A14 Certificates: .................. 6.912500%
Class 8-A15 Certificates: .................. 8.648214%
Class 8-S Certificates: .................... 0.359531%
xiii) Senior Percentage for such Distribution Date: .......... 95.61319000%
xiv) Category B Group I Senior Percentage for such Distribution
Date: .................................................. 89.67413300%
xv) Category B Group II Senior Percentage for such Distribution
Date: .................................................. 10.00000000%
xvi) Senior Prepayment Percentage for such Distribution Date:100.00000000%
xvii) Category B Group I Senior Prepayment Percentage for
such Distribution Date: ................................100.00000000%
xviii)Junior Percentage for such Distribution Date: .......... 4.38681000%
xix) Junior Prepayment Percentage for such Distribution Date: 0.00000000%
Exhibit 99.21
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January 1998
REMIC Multi-Class Pass-Through Certificates
Series 1997-10
Pursuant to the Pooling and Servicing Agreement dated as of September 1,
1997 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank and Trust Company (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 ................................$ 469,144.32
(b) Interest .................................$ 938,881.84
(c) Total ....................................$ 1,408,026.16
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal ................................$ 469,144.32
(b) Interest .................................$ 911,456.37
(c) Total ....................................$ 1,380,600.69
3. Aggregate Principal Prepayments in part received and applied in prior
month: ........................................$ 145,905.71
4. Aggregate Principal Prepayments in full received in prior month:
(a) Principal ................................$ 2,254,270.61
(b) Interest .................................$ 9,005.22
(c) Total ....................................$ 2,263,275.83
<PAGE>
5. Aggregate Insurance Proceeds (including 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 and Modified Mortgage Loans:
(a) Principal ................................$ 0.00
(b) Interest .................................$ 0.00
(c) Total ....................................$ 0.00
8. Aggregate Purchase Prices ( and substitution adjustments) for
Defective Mortgage Loans:
(a) Principal ................................$ 0.00
(b) Interest .................................$ 0.00
(c) Total ....................................$ 0.00
9. Pool Scheduled Principal Balance: .............$ 146,924,916.21
10. Available Funds: ..............................$ 3,789,782.23
11. Realized Losses for prior month: ...............$ 0.00
12. Aggregate Realized Losses and Debt Service Reductions:
(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
(g) Debt Service Reductions: ....................$ 0.00
13. Compensating Interest Payment: .................$ 4,129.60
<PAGE>
14. Accrued Certificate Interest, Unpaid Class Interest Shortfalls and
Pay-out Rate:
Class 10-A1...$ 271,550.17 $ 0.00 6.75000001%
Class 10-A2...$ 104,776.96 $ 0.00 6.74999988%
Class 10-A3...$ 157,636.46 $ 0.00 6.75000004%
Class 10-A4...$ 56,546.67 $ 0.00 6.74999955%
Class 10-A5...$ 114,020.69 $ 0.00 6.74999996%
Class 10-A6...$ 114,249.53 $ 0.00 6.74999982%
Class 10-M....$ 8,643.95 $ 0.00 6.74999803%
Class 10-B1...$ 4,319.19 $ 0.00 6.75000053%
Class 10-B2...$ 4,319.19 $ 0.00 6.75000053%
Class 10-B3...$ 2,591.51 $ 0.00 6.74999002%
Class 10-B4...$ 1,727.68 $ 0.00 6.75001607%
Class 10-B5...$ 2,163.02 $ 0.00 6.75011320%
Class 10-S....$ 77,916.57 $ 0.00 0.62705193%
Class 10-R....$ 0.00 $ 0.00 0.00000000%
15. Principal distributable:
Class 10-A1....$ 947,216.51 Class 10-M....$ 4,812.82
Class 10-A2....$ 933,278.79 Class 10-B1...$ 2,404.86
Class 10-A3....$ 911,947.98 Class 10-B2...$ 2,404.86
Class 10-A4....$ 0.00 Class 10-B3...$ 1,442.91
Class 10-A5....$ 0.00 Class 10-B4...$ 961.94
Class 10-A6....$ 63,612.37 Class 10-B5...$ 1,204.31
Class 10-PO....$ 33.29 Class 10-R....$ 0.00
16. Additional distributions to the Class 10-R Certificate pursuant to
Section 4.01(b):..............................$ 0.00
17. Certificate Interest Rates of:
Class 10-S Certificates:..... 0.627052%
B. Other Amounts:
1. Senior Percentage for such Distribution Date: ........... 97.179438%
2. Category A-Senior Percentage for such Distribution Date: 32.229753%
3. Category B-Senior Percentage for such Distribution Date: 64.949685%
4. Category A-Percentage for such Distribution Date: ....... 33.165198%
5. Category B-Percentage for such Distribution Date: ....... 66.834802%
<PAGE>
6. Cat. B Group I Senior Percentage for such Distribution Date: 51.389634%
7. Cat. B Group II Senior Percentage for such Distribution Date:13.560051%
8. Senior Prepayment Percentage for such Distribution Date: 100.000000%
9. Junior Percentage for such Distribution Date: ............ 2.820562%
10. Junior Prepayment Percentage for such Distribution Date: 0.000000%
11. Class A6 Percentage: .................................... 20.877778%
12. Class A6 Prepayment Distribution Percentage:............. 0.000000%
13. Subordinate Certificate Writedown Amount for such
Distribution Date: ....................................$ 0.00
14. Prepayment Distribution Triggers satisfied:
YES NO
--- --
Class 10-B1....... X
Class 10-B2....... X
Class 10-B3....... X
Class 10-B4....... X
Class 10-B5....... X
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
-----------------------------
Name: Karen Pickett
Title: Vice-President,
Investor Operations
Exhibit 99.22
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January 1998
REMIC Multi-Class Pass-Through Certificates
Series 1997-10
Pursuant to the Pooling and Servicing Agreement dated as of September 1,
1997 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank and Trust Company (the "Trustee"), governing
the Certificates referred to above, the Company hereby certifies to the Trustee:
(a) The amounts below (other than for Class R) are for a Single Certificate of
$1,000:
i) The amount of such distribution allocable to principal:
Class 10-A1....$ 18.94433020 Class 10-M....$ 3.10304320
Class 10-A2....$ 45.99925033 Class 10-B1...$ 3.10304516
Class 10-A3....$ 30.75890597 Class 10-B2...$ 3.10304516
Class 10-A4....$ 0.00000000 Class 10-B3...$ 3.10303226
Class 10-A5....$ 0.00000000 Class 10-B4...$ 3.10303226
Class 10-A6....$ 3.10304244 Class 10-B5...$ 3.10302714
Class 10-PO....$ 3.89142810 Class 10-R....$ 0.00000000
ii) Principal Prepayments included in the above principal distribution
(including the Scheduled Principal Balances of all Defaulted Mortgage
Loans and Defective Mortgage Loans purchased pursuant to Section 2.02,
2.03 (b) or 3.16, respectively, and any amounts deposited pursuant to
Section 2.03(b) in connection with the substitution of any Mortgage
Loans pursuant to Section 2.02 or 2.03(a), the proceeds of which are
being distributed on such Distribution Date):
Class 10-A1....$ 15.92027903 Class 10-M....$ 0.00000000
Class 10-A2....$ 38.65646833 Class 10-B1...$ 0.00000000
Class 10-A3....$ 25.84891419 Class 10-B2...$ 0.00000000
Class 10-A4....$ 0.00000000 Class 10-B3...$ 0.00000000
Class 10-A5....$ 0.00000000 Class 10-B4...$ 0.00000000
Class 10-A6....$ 2.60770906 Class 10-B5...$ 0.00000000
Class 10-PO....$ 3.27024606 Class 10-R....$ 0.00000000
<PAGE>
iii) The amount of such distribution to the Certificateholders of each
class, allocable to Interest:
Class 10-A1....$ 5.43100340 Class 10-B1...$ 5.57314839
Class 10-A2....$ 5.16422495 Class 10-B2...$ 5.57314839
Class 10-A3....$ 5.31688776 Class 10-B3...$ 5.57313978
Class 10-A4....$ 5.62499963 Class 10-B4...$ 5.57316129
Class 10-A5....$ 5.62499997 Class 10-B5...$ 5.57324092
Class 10-A6....$ 5.57314780 Class 10-R....$ 0.00000000
Class 10-M.....$ 5.57314636 Class 10-S....$ 0.00000000
iv) The amount of servicing compensation received by the Company during
the month preceding the month of distribution:......$ 38,184.87
(b) The amounts below are for the aggregate of all Certificates.
v) The Pool Scheduled Principal Balances of each Mortgage Pool on the
preceding Due Date after giving effect to all distributions allocable
to principal made on such Distribution Date:........$ 146,924,916.21
The aggregate number of Mortgage Loans included in the Scheduled
Principal Balance set forth above:.................. 474
vi) The Class Certificate Principal Balance of each Class and the
Certificate Principal Balance of a Single Certificate of each Class
after giving effect to (i) all distributions allocable to principal
made on such Distribution Date and (ii) the allocation of any Realized
Losses and any Subordinate Writedown Certificate Amount for such
Distribution Date:
Class Certificate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 10-A1.............$ 47,328,369.18 $ 946.57
Class 10-A2.............$ 17,693,736.65 $ 872.09
Class 10-A3.............$ 27,112,311.39 $ 914.47
Class 10-A4.............$ 10,052,742.00 $ 1,000.00
Class 10-A5.............$ 20,270,345.00 $ 1,000.00
Class 10-A6.............$ 20,247,415.73 $ 987.68
Class 10-PO.............$ 8,427.02 $ 985.07
Class 10-M..............$ 1,531,889.85 $ 987.68
Class 10-B1.............$ 765,451.08 $ 987.68
Class 10-B2.............$ 765,451.08 $ 987.68
Class 10-B3.............$ 459,270.66 $ 987.68
Class 10-B4.............$ 306,180.44 $ 987.68
Class 10-B5.............$ 383,326.13 $ 987.68
Class 10-R..............$ 0.00 $ 0.00
Class 10-S..............$ 146,243,643.50 $ 947.53
<PAGE>
vii) The following pertains to any real estate acquired on behalf of
Certificateholders through foreclosure, or grant of a deed in lieu of
foreclosure or otherwise, of any REO Mortgage Loan:
book value.........................................$ 0.00
unpaid principal balance...........................$ 0.00
number of related mortgage loans................... 0
viii)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:
(a) delinquent
(1) 30-59 days
Number 3 Principal Balance $ 1,024,548.06
(2) 60-89 days
Number 0 Principal Balance $ 0.00
(3) 90 days or more
Number 0 Principal Balance $ 0.00
(b) in foreclosure
Number 0 Principal Balance $ 0.00
ix) The Scheduled Principal Balance of any Mortgage Loan and number of
replaced pursuant to Section 2.03(b), and of any Modified Mortgage
Loan purchased pursuant to Section 3.01(c): $ 0.00 $ 0.00
x) The Scheduled Principal Balance of any Mortgage Loan and number of any
Modified Mortgage Loan purchased pursuant to Section 3.01(c):
$ 0.00 $ 0.00
xi) The Certificate Interest Rates, applicable to the Interest Accrual
Period relating to such Distribution Date:
Class 6-S: ........................ 0.627052%
xii) Senior Percentage for such Distribution Date: .......... 97.17943800%
xiii) Category A-Senior Percentage for such Distribution Date: 32.22975300%
xiv) Category B-Senior Percentage for such Distribution Date: 64.94968500%
xv) Category A-Percentage for such Distribution Date: ...... 33.165198%
xvi) Category B-Percentage for such Distribution Date: ...... 66.834802%
<PAGE>
xvii) Senior Prepayment Percentage for such Distribution Date:100.00000000%
xviii) Cat. B. Group I Senior Percentage for such Distribution
Date: .................................................. 51.389634%
xix) Cat. B Group II Senior Percentage for such Distribution
Date: .................................................. 13.560051%
xx) Class A6 Percentage: .................................. 20.87777800%
xxi) Class A6 Prepayment Distribution Percentage:........... 0.00000000%
xxii) Junior Percentage for such Distribution Date: ......... 2.82056200%
xxii) Junior Prepayment Percentage for such Distribution Date: 0.00000000%
Exhibit 99.23
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
JANUARY 1998
Home Equity Loan Pass-Through Certificates
Series 1997-HE3
Pursuant to the Pooling and Servicing Agreement dated as of September 1,
1997 (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: $ 2,213,123.77
(2) Aggregate Monthly Payments received and Monthly Advances made this
Month:
(a) Principal $ 362,007.97
(b) Interest $ 1,836,979.98
(c) Total $ 2,198,987.95
(3) Aggregate Principal Prepayments in part received on Self- Amortizing
Mortgage Loans and applied in the applicable Prepayment Period:
(a) Principal $ 35,067.60
(c) Total $ 35,067.60
(4) Aggregate Principal Prepayments in full received in the applicable
Prepayment period:
(a) Principal $ 2,119,555.44
(b) Interest $ 25,043.66
(c) Total $ 2,144,599.10
<PAGE>
(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: $ 230,800,917.60
(11) Available Funds: $ 4,273,848.99
(12) Realized Losses for prior month: $ 0.00
<PAGE>
(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: $ 1,901.02
(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 36157NBK9 $ 0.00
Class A2 36157NBL7 $ 0.00
Class A3 36157NBM5 $ 0.00
Class A4 36157NBN3 $ 0.00
Class A5 36157NBP8 $ 0.00
Class A6 36157NBQ6 $ 0.00
Class S 36197HE3S $ 0.00
Class M 36157NBT0 $ 0.00
Class B1 36157NBU7 $ 0.00
Class B2 36157NBV5 $ 0.00
Class B3 36157NBW3 $ 0.00
Class B4 36157NBX1 $ 0.00
Class B5 36157NBY9 $ 0.00
(19) Class Certificate Interest Rate:
Class M 36157NBT0 7.200%
Class B1 36157NBU7 7.250%
Class B2 36157NBV5 7.600%
Class B3 36157NBW3 9.136%
Class B4 36157NBX1 9.136%
Class B5 36157NBY9 9.136%
Class S 36197HE3S 2.39%
<PAGE>
(20) Accrued Certificate Interest and Pay-out Rate:
Class A1 36157NBK9 $ 387,689.89 6.530%
Class A2 36157NBL7 $ 69,983.33 6.460%
Class A3 36157NBM5 $ 293,400.00 6.520%
Class A4 36157NBN3 $ 149,227.23 6.790%
Class A5 36157NBP8 $ 135,552.08 7.150%
Class A6 36157NBQ6 $ 134,400.00 6.720%
Class S 36197HE3S $ 459,856.44 2.39%
Class M 36157NBT0 $ 35,332.33 7.200%
Class B1 36157NBU7 $ 32,017.51 7.250%
Class B2 36157NBV5 $ 14,915.57 7.600%
Class B3 36157NBW3 $ 17,938.21 9.136%
Class B4 36157NBX1 $ 13,451.77 9.136%
Class B5 36157NBY9 $ 13,453.62 9.136%
Total $ 1,757,217.98
(21) Principal distributable:
Class A1 36157NBK9 $ 2,486,150.28
Class A2 36157NBL7 $ 0.00
Class A3 36157NBM5 $ 0.00
Class A4 36157NBN3 $ 0.00
Class A5 36157NBP8 $ 0.00
Class A6 36157NBQ6 $ 0.00
Class M 36157NBT0 $ 9,236.38
Class B1 36157NBU7 $ 8,312.11
Class B2 36157NBV5 $ 3,693.93
Class B3 36157NBW3 $ 3,695.49
Class B4 36157NBX1 $ 2,771.22
Class B5 36157NBY9 $ 2,771.61
Class R1 36157NBR4 $ 0.00
Class R2 36157NBS2 $ 0.00
Total $ 2,516,631.01
(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: 91.580093%
(2) Senior Prepayment Percentage for such Distribution Date: 100.000000%
<PAGE>
(3) Junior Percentage for such Distribution Date: 8.419907%
(4) Junior Prepayment Percentage for such Distribution Date: 0.000000%
(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/ Karen Pickett
-----------------------------------
Name: Karen Pickett
Title: Vice President,
Investor Operations
Exhibit 99.24
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
JANUARY 1998
Home Equity Loan Pass-Through Certificates
Series 1997-HE3
Pursuant to the Pooling and Servicing Agreement dated as of September 1,
1997 (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 36157NBK9 $ 32.28766594
Class A2 36157NBL7 $ 0.00000000
Class A3 36157NBM5 $ 0.00000000
Class A4 36157NBN3 $ 0.00000000
Class A5 36157NBP8 $ 0.00000000
Class A6 36157NBQ6 $ 0.00000000
Class M 36157NBT0 $ 1.56125346
Class B1 36157NBU7 $ 1.56125346
Class B2 36157NBV5 $ 1.56125346
Class B3 36157NBW3 $ 1.56125346
Class B4 36157NBX1 $ 1.56125346
Class B5 36157NBY9 $ 1.56125346
Class R1 36157NBR4 $ 0.00000000
Class R2 36157NBS2 $ 0.00000000
(2) Aggregate Principal prepayments included in distribution:
Class A1 36157NBK9 $ 2,154,623.04
Class A2 36157NBL7 $ 0.00
Class A3 36157NBM5 $ 0.00
Class A4 36157NBN3 $ 0.00
<PAGE>
Class A5 36157NBP8 $ 0.00
Class A6 36157NBQ6 $ 0.00
Class M 36157NBT0 $ 0.00
Class B1 36157NBU7 $ 0.00
Class B2 36157NBV5 $ 0.00
Class B3 36157NBW3 $ 0.00
Class B4 36157NBX1 $ 0.00
Class B5 36157NBY9 $ 0.00
Class R1 36157NBR4 $ 0.00
Class R2 36157NBS2 $ 0.00
(3) Amount of distribution allocable to interest Pay-out Rate:
Class A1 36157NBK9 $ 5.03493360 6.530%
Class A2 36157NBL7 $ 5.38333333 6.460%
Class A3 36157NBM5 $ 5.43333333 6.520%
Class A4 36157NBN3 $ 5.65833333 6.790%
Class A5 36157NBP8 $ 5.95833333 7.150%
Class A6 36157NBQ6 $ 5.60000000 6.720%
Class S 36197HE3S $ 1.99243768 2.39%
Class M 36157NBT0 $ 5.97233368 7.200%
Class B1 36157NBU7 $ 6.01380822 7.250%
Class B2 36157NBV5 $ 6.30413000 7.600%
Class B3 36157NBW3 $ 7.57845928 9.136%
Class B4 36157NBX1 $ 7.57845928 9.136%
Class B5 36157NBY9 $ 7.57845928 9.136%
(4) Servicing Compensation: $ 109,772.90
The amounts below are for the aggregate of all Certificates:
(5) Pool Principal Balance; $ 230,800,917.60
number of Mortgage Loans: 3,667
<PAGE>
(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 36157NBK9 $ 68,758,545.69 $ 892.96812587
Class A2 36157NBL7 $ 13,000,000.00 $1,000.00000000
Class A3 36157NBM5 $ 54,000,000.00 $1,000.00000000
Class A4 36157NBN3 $ 26,373,000.00 $1,000.00000000
Class A5 36157NBP8 $ 22,750,000.00 $1,000.00000000
Class A6 36157NBQ6 $ 24,000,000.00 $1,000.00000000
Class M 36157NBT0 $ 5,879,484.64 $ 993.82769381
Class B1 36157NBU7 $ 5,291,138.64 $ 993.82769381
Class B2 36157NBV5 $ 2,351,396.32 $ 993.82769381
Class B3 36157NBW3 $ 2,352,390.15 $ 993.82769381
Class B4 36157NBX1 $ 1,764,044.16 $ 993.82769381
Class B5 36157NBY9 $ 1,764,286.99 $ 993.82769381
Class R1 36157NBR4 $ 0.00 $ 0.00000000
Class R2 36157NBS2 $ 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 $ 2,030,198.31
37
Two Payments Delinquent $ 1,255,425.27
19
Three or more Payments Delinquent $ 209,130.37
5
TOTAL $ 3,494,753.95
61
In foreclosure $ 157,623.92
4
(9) Aggregate Scheduled Principal Balance and number of replaced Mortgage
Loans: $ 0.00
0
<PAGE>
(10) Unpaid Net Simple Interest Shortfall:
Class A1 36157NBK9 $ 0.00
Class A2 36157NBL7 $ 0.00
Class A3 36157NBM5 $ 0.00
Class A4 36157NBN3 $ 0.00
Class A5 36157NBP8 $ 0.00
Class A6 36157NBQ6 $ 0.00
Class S 36197HE3S $ 0.00
Class M 36157NBT0 $ 0.00
Class B1 36157NBU7 $ 0.00
Class B2 36157NBV5 $ 0.00
Class B3 36157NBW3 $ 0.00
Class B4 36157NBX1 $ 0.00
Class B5 36157NBY9 $ 0.00
(11) Class Certificate Interest Rate of:
Class M 36157NBT0 7.200%
Class B1 36157NBU7 7.250%
Class B2 36157NBV5 7.600%
Class B3 36157NBW3 9.136%
Class B4 36157NBX1 9.136%
Class B5 36157NBY9 9.136%
Class S 36197HE3S 2.39%
(12) Senior Percentage for such Distribution Date: 91.580093%
(13) Senior Prepayment Percentage for such Distribution Date: 100.000000%
(14) Junior Percentage for such Distribution Date: 8.419907%
(15) Junior Prepayment Percentage for such Distribution Date: 0.000000%
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
--------------------------------------
Name: Karen Pickett
Title: Vice President,
Investor Operations
Exhibit 99.25
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January 1998
REMIC Multi-Class Pass-Through Certificates
Series 1997-9
Pursuant to the Pooling and Servicing Agreement dated as of October 1, 1997
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank and Trust Company (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:
Poo1 1 Pool 2
------ ------
(a) Principal ..................$ 353,438.45 $ 252,945.45
(b) Interest ...................$ 3,174,780.36 $ 2,204,417.61
(c) Total ......................$ 3,528,218.81 $ 2,457,363.06
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal ..................$ 353,438.45 $ 252,945.45
(b) Interest ...................$ 3,078,360.67 $ 2,138,535.03
(c) Total ......................$ 3,431,799.12 $ 2,391,480.48
3. Aggregate Principal Prepayments in part received and applied in the
applicable Prepayment Period:.....$ 80,199.02 $ 171,001.85
4. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal ..................$ 5,662,576.45 $ 4,405,017.13
(b) Interest ...................$ 30,464.44 $ 22,730.08
(c) Total ......................$ 5,693,040.89 $ 4,427,747.21
<PAGE>
5. Aggregate Insurance Proceeds (including purchases of Mortgage Loans by
primary mortgage insurers) for prior month:
Poo1 1 Pool 2
------ ------
(a) Principal ..................$ 0.00 $ 0.00
(b) Interest ...................$ 0.00 $ 0.00
(c) Total ......................$ 0.00 $ 0.00
6. Aggregate Liquidation Proceeds for prior month:
(a) Principal ..................$ 0.00 $ 0.00
(b) Interest ...................$ 0.00 $ 0.00
(c) Total ......................$ 0.00 $ 0.00
7. Aggregate Purchase Prices for Defaulted and Modified Mortgage Loans:
(a) Principal ..................$ 0.00 $ 0.00
(b) Interest ...................$ 0.00 $ 0.00
(c) Total ......................$ 0.00 $ 0.00
8. Aggregate Purchase Prices (and subsitution adjustments) for Defective
Mortgage Loans:
(a) Principal ..................$ 0.00 $ 0.00
(b) Interest ...................$ 0.00 $ 0.00
(c) Total ......................$ 0.00 $ 0.00
9. Pool Scheduled Principal Balance:.$ 485,223,043.93 $ 341,280,653.04
10. Available Funds: ................$ 9,205,039.03 $ 6,990,229.54
11. Realized Losses for Prior Month: $ 0.00 $ 0.00
12. Aggregrate Realized Losses and Debt Service Reductions:
(a) Deficient Valuations ........$ 0.00 $ 0.00
(b) Special Hazard Losses .......$ 0.00 $ 0.00
(c) Fraud Losses ................$ 0.00 $ 0.00
(d) Excess Bankruptcy Losses ....$ 0.00 $ 0.00
(e) Excess Special Hazard Losses $ 0.00 $ 0.00
(f) Excess Fraud Losses .........$ 0.00 $ 0.00
(g) Debt Service Reductions.......$ 0.00 $ 0.00
<PAGE>
13. Compensating Interest Payment: ..$ 6,893.12 $ 6,865.47
14. Accrued Certificate Interest, unpaid Class Interest Shortfalls and
Pay-out Rate:
Class 1-A1...$ 110,803.37 $ 0.00 6.74999986%
Class 1-A2...$ 91,068.75 $ 0.00 6.75000000%
Class 1-A3...$ 104,366.25 $ 0.00 6.75000000%
Class 1-A4...$ 79,689.38 $ 0.00 6.75000042%
Class 1-A5...$ 76,185.00 $ 0.00 6.75000000%
Class 1-A6...$ 440,671.94 $ 0.00 7.00000002%
Class 1-A7...$ 0.00 $ 0.00 0.00000000%
Class 1-A8...$ 34,154.83 $ 0.00 6.99999984%
Class 1-A9...$ 208,787.00 $ 0.00 6.99999987%
Class 1-A10..$ 43,979.07 $ 0.00 6.99999968%
Class 1-A11..$ 134,623.76 $ 0.00 2.25457921%
Class 1-A12..$ 120,933.09 $ 0.00 7.25000021%
Class 1-A13..$ 377,071.05 $ 0.00 7.25000005%
Class 1-A14..$ 253,711.14 $ 0.00 7.25000000%
Class 1-A15..$ 162,097.92 $ 0.00 7.25000015%
Class 1-A16..$ 100,170.83 $ 0.00 7.24999976%
Class 1-A17..$ 121,926.87 $ 0.00 7.24999970%
Class 1-PO...$ 0.00 $ 0.00 0.00000000%
Class 1-S....$ 140,537.01 $ 0.00 0.34523600%
Class 1-M....$ 46,864.96 $ 0.00 7.24999929%
Class 1-B1...$ 28,723.49 $ 0.00 7.24999914%
Class 1-B2...$ 22,675.33 $ 0.00 7.24999977%
Class 1-B3...$ 15,115.88 $ 0.00 7.24999918%
Class 1-B4...$ 4,535.07 $ 0.00 7.25000614%
Class 1-B5...$ 10,589.59 $ 0.00 7.25009577%
Class 1-R....$ 0.00 $ 0.00 0.00000000%
Class 1-RL...$ 0.00 $ 0.00 0.00000000%
Class 2-A1...$ 204,303.77 $ 0.00 7.00000001%
Class 2-A2...$ 102,151.88 $ 0.00 6.99999967%
Class 2-A3...$ 462,671.89 $ 0.00 7.00000007%
Class 2-A4...$ 123,410.00 $ 0.00 7.00000000%
Class 2-A5...$ 58,496.67 $ 0.00 7.00000040%
Class 2-A6...$ 116,666.67 $ 0.00 7.00000020%
Class 2-A7...$ 625,052.94 $ 0.00 7.00000004%
Class 2-A8...$ 65,566.67 $ 0.00 7.00000036%
Class 2-A9...$ 84,939.17 $ 0.00 7.00000027%
Class 2-A10..$ 87,838.33 $ 0.00 6.99999973%
Class 2-S....$ 143,336.73 $ 0.00 0.51289196%
Class 2-PO...$ 0.00 $ 0.00 0.00000000%
Class 2-M....$ 31,667.26 $ 0.00 7.00000021%
Class 2-B1...$ 19,408.68 $ 0.00 6.99999879%
Class 2-B2...$ 15,322.49 $ 0.00 6.99999931%
Class 2-B3...$ 10,214.02 $ 0.00 6.99999759%
Class 2-B4...$ 3,063.95 $ 0.00 7.00007812%
Class 2-B5...$ 7,153.99 $ 0.00 7.00003314%
<PAGE>
15. Principal Distribution Amount:
Class 1-A1....$ 346,713.86 Class 2-A1....$ 25,594.19
Class 1-A2....$ 0.00 Class 2-A2....$ 12,797.10
Class 1-A3....$ 0.00 Class 2-A3....$ 2,383,377.62
Class 1-A4....$ 0.00 Class 2-A4....$ 0.00
Class 1-A5....$ 0.00 Class 2-A5....$ 0.00
Class 1-A6....$ 651,414.67 Class 2-A6....$ 0.00
Class 1-A7....$ 2,807,993.64 Class 2-A7....$ 2,396,174.72
Class 1-A8....$ 60,489.61 Class 2-A8....$ 0.00
Class 1-A9....$ 25,747.54 Class 2-A9....$ 0.00
Class 1-A10...$ 5,423.48 Class 2-A10...$ 0.00
Class 1-A11...$ 130,305.17 Class 2-PO....$ 143.12
Class 1-A12...$ 14,399.17 Class 2-M.....$ 3,967.12
Class 1-A13...$ 2,252,659.88 Class 2-B1....$ 2,431.43
Class 1-A14...$ 165,294.59 Class 2-B2....$ 1,919.53
Class 1-A15...$ 0.00 Class 2-B3....$ 1,279.56
Class 1-A16...$ 0.00 Class 2-B4....$ 383.83
Class 1-A17...$ 0.00 Class 2-B5....$ 896.21
Class 1-PO....$ 15.20
Class 1-M.....$ 5,580.08
Class 1-B1....$ 3,420.03
Class 1-B2....$ 2,699.89
Class 1-B3....$ 1,799.81
Class 1-B4....$ 539.98
Class 1-B5....$ 1,260.85
Class 1-R.....$ 0.00
Class 1-RL....$ 0.00
16. Accrual Amount:
Class 1-A7 $ 20,318.97
Class 1-A11C $ 309,125.15
Class 1-A11D $ 50,099.41
17. Additional Distributions to the Class R Certificate pursuant to
Section 4.01 (c):........................ $ 0.00
18. Additional Distributions to the Class RL Certificate pursuant to
Section 2.05 (d):........................ $ 0.00
<PAGE>
19. Distribution Allocable to Unanticipated Recoveries:
Class 1-A1 $ 0.00 Class 2-A1 $ 0.00
Class 1-A2 $ 0.00 Class 2-A2 $ 0.00
Class 1-A3 $ 0.00 Class 2-A3 $ 0.00
Class 1-A4 $ 0.00 Class 2-A4 $ 0.00
Class 1-A5 $ 0.00 Class 2-A5 $ 0.00
Class 1-A6 $ 0.00 Class 2-A6 $ 0.00
Class 1-A7 $ 0.00 Class 2-A7 $ 0.00
Class 1-A8 $ 0.00 Class 2-A8 $ 0.00
Class 1-A9 $ 0.00 Class 2-A9 $ 0.00
Class 1-A10 $ 0.00 Class 2-A10 $ 0.00
Class 1-A11 $ 0.00 Class 2-PO $ 0.00
Class 1-A12 $ 0.00 Class 2-M $ 0.00
Class 1-A13 $ 0.00 Class 2-B1 $ 0.00
Class 1-A14 $ 0.00 Class 2-B2 $ 0.00
Class 1-A15 $ 0.00 Class 2-B3 $ 0.00
Class 1-A16 $ 0.00 Class 2-B4 $ 0.00
Class 1-A17 $ 0.00 Class 2-B5 $ 0.00
Class 1-PO $ 0.00
Class 1-M $ 0.00
Class 1-B1 $ 0.00
Class 1-B2 $ 0.00
Class 1-B3 $ 0.00
Class 1-B4 $ 0.00
Class 1-B5 $ 0.00
Class 1-R $ 0.00
Class 1-RL $ 0.00
20. Certificate Interest Rate of:
Class 1-A11A....................... 0.00000000%
Class 1-A11B....................... 0.00000000%
Class 1-S.......................... 0.34523600%
Class 2-S.......................... 0.51289200%
B. Other Amounts for such Distribution Date:
Pool 1 Pool 2
------ ------
1. Senior Percentage: ............... 95.67076400% 95.69705600%
2. Pool 1 Category A Group II Senior
Percentage: ...................... 20.32508500% N/A
3. Class 1-A12 Percentage............. 10.64635300% N/A
4. Class 2-A1 Percentage.............. N/A 10.57966900%
5. Class 2-A2 Percentage.............. N/A 5.28983400%
<PAGE>
6. Senior Prepayment Percentage: .... 100.00000000% 100.00000000%
7. Junior Percentage: ............... 4.32923600% 4.30294400%
8. Junior Prepayment Percentage: .... 0.00000000% 0.00000000%
9. Subordinate Certificate Writedown: $ 0.00 $ 0.00
10. Prepayment Triggers satisfied:
YES NO
--- --
Class 1-B1.......................X
Class 1-B2.......................X
Class 1-B3.......................X
Class 1-B4.......................X
Class 1-B5.......................X
Class 2-B1.......................X
Class 2-B2.......................X
Class 2-B3.......................X
Class 2-B4.......................X
Class 2-B5.......................X
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
---------------------------------
Name: Karen Pickett
Vice-President,
Investor Operations
Exhibit 99.26
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
REMIC Multi-Class Pass-Through Certificates
JANUARY 1998
Series 1997-9
Pursuant to the Pooling and Servicing Agreement dated as of October 1, 1997
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
(a) The amounts below are for a Single Certificate of $1,000.
1) The amount of such distribution allocable to principal:
Class 1-A1....$ 17.12590072 Class 2-A1....$ 0.72971974
Class 1-A2....$ 0.00000000 Class 2-A2....$ 0.72972002
Class 1-A3....$ 0.00000000 Class 2-A3....$ 29.22059241
Class 1-A4....$ 0.00000000 Class 2-A4....$ 0.00000000
Class 1-A5....$ 0.00000000 Class 2-A5....$ 0.00000000
Class 1-A6....$ 8.50188815 Class 2-A6....$ 0.00000000
Class 1-A7....$ 348.15111131 Class 2-A7....$ 21.89747247
Class 1-A8....$ 10.12378410 Class 2-A8....$ 0.00000000
Class 1-A9....$ 0.71834221 Class 2-A9....$ 0.00000000
Class 1-A10...$ 0.71834172 Class 2-A10...$ 0.00000000
Class 1-A11...$ 1.83137729 Class 2-PO....$ 0.79735842
Class 1-A12...$ 0.71834223 Class 2-M.....$ 0.72971949
Class 1-A13...$ 34.09762930 Class 2-B1....$ 0.72972089
Class 1-A14...$ 3.91368746 Class 2-B2....$ 0.72972059
Class 1-A15...$ 0.00000000 Class 2-B3....$ 0.72971771
Class 1-A16...$ 0.00000000 Class 2-B4....$ 0.72971483
Class 1-A17...$ 0.00000000 Class 2-B5....$ 0.72971718
Class 1-PO....$ 0.92403069
Class 1-M.....$ 0.71834192
Class 1-B1....$ 0.71834279
Class 1-B2....$ 0.71834242
Class 1-B3....$ 0.71834364
Class 1-B4....$ 0.71834508
Class 1-B5....$ 0.71833842
Class 1-R.....$ 0.00000000
Class 1-RL....$ 0.00000000
<PAGE>
2) Principal Prepayments included in the above principal distribution
(including amounts deposited pursuant to Section 3.17, Scheduled
Principal Balances of Defaulted Mortgage Loans, Designated Loans and
Defective Mortgage Loans which are being distributed on this
Distribution Date):
Class 1-A1....$ 16.17359071 Class 2-A1.....$ 0.69305755
Class 1-A2....$ 0.00000000 Class 2-A2.....$ 0.69305781
Class 1-A3....$ 0.00000000 Class 2-A3.....$ 27.75250687
Class 1-A4....$ 0.00000000 Class 2-A4.....$ 0.00000000
Class 1-A5....$ 0.00000000 Class 2-A5.....$ 0.00000000
Class 1-A6....$ 8.02912860 Class 2-A6.....$ 0.00000000
Class 1-A7....$ 328.79167482 Class 2-A7.....$ 20.79731125
Class 1-A8....$ 9.56083672 Class 2-A8.....$ 0.00000000
Class 1-A9....$ 0.67839777 Class 2-A9.....$ 0.00000000
Class 1-A10...$ 0.67839731 Class 2-A10....$ 0.00000000
Class 1-A11...$ 1.72954096 Class 2-PO.....$ 0.75729796
Class 1-A12...$ 0.67839779 Class 2-M......$ 0.00000000
Class 1-A13...$ 32.20158225 Class 2-B1.....$ 0.00000000
Class 1-A14...$ 3.69606132 Class 2-B2.....$ 0.00000000
Class 1-A15...$ 0.00000000 Class 2-B3.....$ 0.00000000
Class 1-A16...$ 0.00000000 Class 2-B4.....$ 0.00000000
Class 1-A17...$ 0.00000000 Class 2-B5.....$ 0.00000000
Class 1-PO....$ 0.87264865
Class 1-M.....$ 0.00000000
Class 1-B1....$ 0.00000000
Class 1-B2....$ 0.00000000
Class 1-B3....$ 0.00000000
Class 1-B4....$ 0.00000000
Class 1-B5....$ 0.00000000
Class 1-R.....$ 0.00000000
Class 1-RL....$ 0.00000000
3) The amount of such distribution to the Certificateholders of each
class, allocable to Interest; Pay-out Rate:
Class 1-A1......$ 5.47312275 6.75000000%
Class 1-A2......$ 5.62500000 6.75000000%
Class 1-A3......$ 5.62500000 6.75000000%
Class 1-A4......$ 5.62500035 6.75000000%
Class 1-A5......$ 5.62500000 6.75000000%
Class 1-A6......$ 5.75139572 7.00000000%
Class 1-A7......$ 0.00000000 7.00000000%
Class 1-A8......$ 5.71628954 7.00000000%
Class 1-A9......$ 5.82504255 7.00000000%
Class 1-A10.....$ 5.82504238 7.00000000%
Class 1-A11.....$ 1.89207302 0.00000000%
Class 1-A12.....$ 6.03308007 7.25000000%
Class 1-A13.....$ 5.70757663 7.25000000%
Class 1-A14.....$ 6.00713011 7.25000000%
<PAGE>
Class 1-A15.....$ 6.04166679 7.25000000%
Class 1-A16.....$ 6.04166647 7.25000000%
Class 1-A17.....$ 6.04166642 7.25000000%
Class 1-S.......$ 0.40069611 0.34523600%
Class 1-M.......$ 6.03307930 7.25000000%
Class 1-B1......$ 6.03307919 7.25000000%
Class 1-B2......$ 6.03307969 7.25000000%
Class 1-B3......$ 6.03307923 7.25000000%
Class 1-B4......$ 6.03308501 7.25000000%
Class 1-B5......$ 6.03315962 7.25000000%
Class 1-R.......$ 0.00000000 7.25000000%
Class 1-RL......$ 0.00000000 7.25000000%
Class 2-A1......$ 5.82493499 7.00000000%
Class 2-A2......$ 5.82493471 7.00000000%
Class 2-A3......$ 5.67243168 7.00000000%
Class 2-A4......$ 5.83333333 7.00000000%
Class 2-A5......$ 5.83333367 7.00000000%
Class 2-A6......$ 5.83333350 7.00000000%
Class 2-A7......$ 5.71205406 7.00000000%
Class 2-A8......$ 5.83333363 7.00000000%
Class 2-A9......$ 5.83333356 7.00000000%
Class 2-A10.....$ 5.83333311 7.00000000%
Class 2-S.......$ 0.28601134 0.51289200%
Class 2-PO......$ 0.00000000 0.00000000%
Class 2-M.......$ 5.82493516 7.00000000%
Class 2-B1......$ 5.82493397 7.00000000%
Class 2-B2......$ 5.82493442 7.00000000%
Class 2-B3......$ 5.82493299 7.00000000%
Class 2-B4......$ 5.82500000 7.00000000%
Class 2-B5......$ 5.82496225 7.00000000%
4) The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
Pool 1 Pool 2
------ ------
$ 117,210.89 $ 80,509.43
(b) The amounts below are for the aggregate of all certificates.
5) The Pool Scheduled Principal Balances: $ 485,223,043.93 $341,280,653.04
Number of Mortgage Loans: 1,142 1,594
6) The Class Certificate Principal Balance of each Class and the
Certificate Principal Balance of a Single Certificate of each Class
after giving effect to all distributions allocable to principal made
on such Distribution Date and the allocation of Realized Losses
(separately identified), if any, as of such Distribution Date:
Aggregate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 1-A1....... $ 19,351,663.45 $ 955.87
Class 1-A2....... $ 16,190,000.00 $ 1,000.00
Class 1-A3....... $ 18,554,000.00 $ 1,000.00
Class 1-A4....... $ 14,167,000.00 $ 1,000.00
Class 1-A5....... $ 13,544,000.00 $ 1,000.00
<PAGE>
Class 1-A6....... $ 74,892,346.29 $ 977.45
Class 1-A7....... $ 695,577.82 $ 86.24
Class 1-A8....... $ 5,794,624.24 $ 969.81
Class 1-A9....... $ 35,766,310.27 $ 997.86
Class 1-A10...... $ 7,533,846.01 $ 997.86
Class 1-A11...... $ 71,882,428.59 $ 1,010.27
Class 1-A12...... $ 20,002,111.69 $ 997.86
Class 1-A13...... $ 60,159,099.71 $ 910.60
Class 1-A14...... $ 41,828,273.41 $ 990.37
Class 1-A15...... $ 26,830,000.00 $ 1,000.00
Class 1-A16...... $ 16,580,000.00 $ 1,000.00
Class 1-A17...... $ 20,181,000.00 $ 1,000.00
Class 1-PO....... $ 16,404.60 $ 997.26
Class 1-S........ $ 482,396,668.08 $ 968.04
Class 1-M........ $ 7,751,379.58 $ 997.86
Class 1-B1....... $ 4,750,813.36 $ 997.86
Class 1-B2....... $ 3,750,458.30 $ 997.86
Class 1-B3....... $ 2,500,139.23 $ 997.86
Class 1-B4....... $ 750,091.66 $ 997.86
Class 1-B5....... $ 1,751,475.72 $ 997.86
Class 1-R........ $ 0.00 $ 0.00
Class 1-RL....... $ 0.00 $ 0.00
Class 2-A1....... $ 34,997,909.18 $ 997.83
Class 2-A2....... $ 17,498,954.58 $ 997.83
Class 2-A3....... $ 76,931,802.68 $ 943.20
Class 2-A4....... $ 21,156,000.00 $ 1,000.00
Class 2-A5....... $ 10,028,000.00 $ 1,000.00
Class 2-A6....... $ 20,000,000.00 $ 1,000.00
Class 2-A7....... $ 104,755,757.26 $ 957.31
Class 2-A8....... $ 11,240,000.00 $ 1,000.00
Class 2-A9....... $ 14,561,000.00 $ 1,000.00
Class 2-A10...... $ 15,058,000.00 $ 1,000.00
Class 2-S........ $ 330,542,645.14 $ 972.30
Class 2-PO....... $ 178,907.70 $ 996.74
Class 2-M........ $ 5,424,705.86 $ 997.83
Class 2-B1....... $ 3,324,771.43 $ 997.83
Class 2-B2....... $ 2,624,793.30 $ 997.83
Class 2-B3....... $ 1,749,695.90 $ 997.83
Class 2-B4....... $ 524,858.88 $ 997.83
Class 2-B5....... $ 1,225,496.27 $ 997.83
7) The following pertains to any real estate acquired on behalf of
Certificateholders:
Pool 1 Pool 2
------ ------
Book Value................................$ 0.00 $ 0.00
Unpaid Principal Balance..................$ 0.00 $ 0.00
The aggregate number of Mortgage Loans included in the Principal
Balance set forth above:.................. 0 0
<PAGE>
8) Aggregate number and aggregate Principal Balances of delinquent
Mortgage Loans, as of the opening of business on the related
Determination Date:
Loans Principal Balance
----- -----------------
Pool 1...............................................
*(1) *30-59 days 12 $ 3,932,496.67
(2) 60-89 days 1 $ 392,614.56
(3) 90 days or more 0 $ 0.00
(4) in foreclosure 0 $ 0.00
Pool 2................................................
*(1) 30-59 days 7 $ 2,086,401.32
(2) 60-89 days 0 $ 0.00
(3) 90 days or more 0 $ 0.00
(4) in foreclosure 0 $ 0.00
9) The aggregate number of replaced Mortgage loans and Scheduled
Principal Balance:
Pool 1...................................0 $ 0.00
Pool 2...................................0 $ 0.00
10) The aggregate number of modified Mortgage loans and Principal Balance:
Pool 1...................................0 $ 0.00
Pool 2...................................0 $ 0.00
11) Certificate Interest Rate of:
Class 1-A11A Certificates: 0.000000%
Class 1-A11B Certificates: 0.000000%
Class 1-S Certificates: 0.345236%
Class 2-S Certificates: 0.512892%
Pool 1 Pool 2
12) Senior Percentage ............. 95.67076400% 95.69705600%
13) Pool 1 Category A Group II Senior
Percentage...................... 20.32508500% N/A
14) Class 1-A12 Percentage.......... 10.64635300% N/A
15) Class 2-A1 Percentage........... N/A 10.57966900%
16) Class 2-A2 Percentage........... N/A 5.289834%
17) Senior Prepayment Percentage.... 100.00000000% 100.00000000%
18) Junior Percentage ............. 4.32923600% 4.30294400%
19) Junior Prepayment Percentage .. 0.00000000% 0.00000000%
<PAGE>
* 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 99.27
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January 1998
REMIC Multi-Class Pass-Through Certificates
Series 1997-11
Pursuant to the Pooling and Servicing Agreement dated as of November 1,
1997 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank and Trust Company (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 ..................... $ 357,091.89
(b) Interest ...................... $ 3,194,611.03
(c) Total ......................... $ 3,551,702.92
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal ..................... $ 357,091.89
(b) Interest ...................... $ 3,094,572.19
(c) Total ......................... $ 3,451,664.08
3. Aggregate Principal Prepayments in part received and applied in the
applicable prepayment period:........ $ 141,850.14
4. Aggregate Principal Prepayments in full in prior month:
(a) Principal ..................... $ 3,863,240.76
(b) Interest ...................... $ 20,241.66
(c) Total ......................... $ 3,883,482.42
<PAGE>
5. Aggregate Insurance Proceeds for prior month:
(a) Principal ..................... $ 0.00
(b) Interest ...................... $ 0.00
(c) Total ......................... $ 0.00
6. Aggregate Liquidation Proceeds for the prior month:
(a) Principal ..................... $ 0.00
(b) Interest ...................... $ 0.00
(c) Total ......................... $ 0.00
7. Aggregate Purchase Prices for Defaulted and Modified Mortgage Loans:
(a) Principal ..................... $ 0.00
(b) Interest ...................... $ 0.00
(c) Total ......................... $ 0.00
8. Aggregate Purchase Prices (and subsitution adjustments) for Defective
Mortgage Loans:
(a) Principal ..................... $ 0.00
(b) Interest ...................... $ 0.00
(c) Total ......................... $ 0.00
9. Pool Scheduled Principal Balance:.................$ 492,361,243.44
10. Available Funds: ................................$ 7,476,996.64
11. Realized Losses for Prior Month: ................$ 0.00
12. Aggregrate Realized Losses and Debt Service Reductions:
(a) Deficient Valuations ........................$ 0.00
(b) Special Hazard Losses .......................$ 0.00
(c) Fraud Losses ................................$ 0.00
(d) Excess Bankruptcy Loss ......................$ 0.00
(e) Excess Special Hazard Losses ................$ 0.00
(f) Excess Fraud Losses .........................$ 0.00
(g) Debt Service Reductions.......................$ 0.00
<PAGE>
13. Compensating Interest Payment: ..................$ 5,777.06
14. Accrued Certificate Interest, unpaid Class Interest Shortfalls and
Pay-out Rate:
Class 1-A1....$ 1,646,183.03 $ 0.00 6.99999999%
Class 1-A2....$ 175,245.00 $ 0.00 7.00000000%
Class 1-A3....$ 274,919.17 $ 0.00 7.00000008%
Class 1-A4....$ 92,376.67 $ 0.00 7.00000025%
Class 1-A5....$ 584,167.50 $ 0.00 7.00000000%
Class 1-PO....$ 0.00 $ 0.00 0.00000000%
Class 1-M.....$ 45,251.91 $ 0.00 7.00000042%
Class 1-B1....$ 27,735.23 $ 0.00 7.00000051%
Class 1-B2....$ 21,894.39 $ 0.00 6.99999940%
Class 1-B3....$ 14,596.26 $ 0.00 6.99999941%
Class 1-B4....$ 4,377.90 $ 0.00 7.00029972%
Class 1-B5....$ 10,222.19 $ 0.00 6.99993828%
Class 1-R.....$ 0.00 $ 0.00 0.00000000%
Class 1-S.....$ 217,844.60 $ 0.00 0.53275500%
15. Principal Distribution Amount:
Class 1-A1........$ 4,346,802.68
Class 1-A2........$ 0.00
Class 1-A3........$ 0.00
Class 1-A4........$ 0.00
Class 1-A5........$ 0.00
Class 1-PO........$ 89.33
Class 1-M.........$ 5,576.64
Class 1-B1........$ 3,417.96
Class 1-B2........$ 2,698.16
Class 1-B3........$ 1,798.78
Class 1-B4........$ 539.49
Class 1-B5........$ 1,259.75
Class 1-R.........$ 0.00
<PAGE>
16. Additional Distributions to the Class R Certificate pursuant to
Section 4.01 (c):........................ $ 0.00
17. Certificate Interest Rate of:
Class 1-S............................... 0.53275500%
18. Distributions Allocable to Unanticipated Recoveries:
Class 1-A1....$ 0.00
Class 1-A2....$ 0.00
Class 1-A3....$ 0.00
Class 1-A4....$ 0.00
Class A5-1....$ 0.00
Class 1-PO....$ 0.00
Class 1-M.....$ 0.00
Class 1-B1....$ 0.00
Class 1-B2....$ 0.00
Class 1-B3....$ 0.00
Class 1-B4....$ 0.00
Class 1-B5....$ 0.00
Class 1-R.....$ 0.00
B. Other Amounts for such Distribution Date:
1. Senior Percentage: .................. 95.71698000%
2. Senior Prepayment Percentage: ....... 100.00000000%
3. Junior Percentage: .................. 4.28302000%
4. Junior Prepayment Percentage: ....... 0.00000000%
5. Class A5 Percentage:.................. 0.00000000%
6. Class A5 Prepayment Percentage:....... 0.00000000%
7. Class A5 Schedule Percentage:......... 0.00000000%
8. Subordinate Certificate Writedown: .. 0.00000000%
<PAGE>
9. Prepayment Triggers satisfied:
YES NO
--- --
Class 1-B1....................X
Class 1-B2....................X
Class 1-B3....................X
Class 1-B4....................X
Class 1-B5....................X
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
----------------------------------
Name: Karen Pickett
Title: Vice-President,
Investor Operations
Exhibit 99.28
GE CAPITAL MORTGAGE SERVICES, INC.
January 1998
DISTRIBUTION DATE STATEMENT
REMIC Multi-Class Pass-Through Certificates
Series 1997-11
Pursuant to the Pooling and Servicing Agreement dated as of November 1,
1997 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank and Trust Company (the "Trustee"), governing
the Certificates referred to above, the Company hereby certifies to the Trustee:
(a) The amounts below are for a Single Certificate of $1,000.
1) The amount of such distribution allocable to principal:
Class 1-A1......$ 15.18369253
Class 1-A2......$ 0.00000000
Class 1-A3......$ 0.00000000
Class 1-A4......$ 0.00000000
Class 1-A5......$ 0.00000000
Class 1-PO......$ 0.89118282
Class 1-M.......$ 0.71836146
Class 1-B1......$ 0.71836066
Class 1-B2......$ 0.71835996
Class 1-B3......$ 0.71836262
Class 1-B4......$ 0.71836218
Class 1-B5......$ 0.71836289
Class 1-R.......$ 0.00000000
2) Principal Prepayments included in the above principal distribution
(including amounts deposited pursuant to Section 3.17, Scheduled
Principal Balances of Defaulted Mortgage Loans, Designated Loans and
Defective Mortgage Loans which are being distributed on this
Distribution Date):
Class 1-A1......$ 13.98978134 Class 1-M.......$ 0.00000000
Class 1-A2......$ 0.00000000 Class 1-B1......$ 0.00000000
Class 1-A3......$ 0.00000000 Class 1-B2......$ 0.00000000
Class 1-A4......$ 0.00000000 Class 1-B3......$ 0.00000000
Class 1-A5......$ 0.00000000 Class 1-B4......$ 0.00000000
Class 1-PO......$ 0.82110809 Class 1-B5......$ 0.00000000
Class 1-R.......$ 0.00000000
<PAGE>
3) The amount of such distribution to the Certificateholders of each
class, allocable to Interest:
Class 1-A1.......$ 5.75023501
Class 1-A2.......$ 5.83333333
Class 1-A3.......$ 5.83333340
Class 1-A4.......$ 5.83333354
Class 1-A5.......$ 5.83333333
Class 1-PO.......$ 0.00000000
Class 1-M........$ 5.82917815
Class 1-B1.......$ 5.82917823
Class 1-B2.......$ 5.82917732
Class 1-B3.......$ 5.82917732
Class 1-B4.......$ 5.82942743
Class 1-B5.......$ 5.82912641
Class 1-R........$ 0.00000000
Class 1-S........$ 0.45027700
4) Amount of distribution allocable to Unanticipated Recoveries:
Class 1-A1.........$ 0.00
Class 1-A2.........$ 0.00
Class 1-A3.........$ 0.00
Class 1-A4.........$ 0.00
Class 1-A5.........$ 0.00
Class 1-PO.........$ 0.00
Class 1-M..........$ 0.00
Class 1-B1.........$ 0.00
Class 1-B2.........$ 0.00
Class 1-B3.........$ 0.00
Class 1-B4.........$ 0.00
Class 1-B5.........$ 0.00
Class 1-R..........$ 0.00
<PAGE>
5) The amount of servicing compensation received by the Company during
the month preceding the month of distribution:.........$ 115,147.58
(b) The amounts below are for the aggregate of all certificates.
6) The Pool Scheduled Principal Balances: $ 492,361,243.44
Number of Mortgage Loans: 1,640
7) The Class Certificate Principal Balance of each Class and the
Certificate Principal Balance of a Single Certificate of each Class
after giving effect to all distributions allocable to principal made
on such Distribution Date and the allocation of Realized Losses
(separately identified), if any, as of such Distribution Date:
Aggregate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 1-A1....... $ 277,856,002.88 $ 970.57
Class 1-A2....... $ 30,042,000.00 $ 1,000.00
Class 1-A3....... $ 47,129,000.00 $ 1,000.00
Class 1-A4....... $ 15,836,000.00 $ 1,000.00
Class 1-A5....... $ 100,143,000.00 $ 1,000.00
Class 1-PO....... $ 100,054.59 $ 998.17
Class 1-M........ $ 7,751,893.18 $ 998.57
Class 1-B1....... $ 4,751,192.55 $ 998.57
Class 1-B2....... $ 3,750,626.16 $ 998.57
Class 1-B3....... $ 2,500,417.43 $ 998.57
Class 1-B4....... $ 749,925.52 $ 998.57
Class 1-B5....... $ 1,751,131.13 $ 998.57
Class 1-R........ $ 0.00 $ 0.00
Class 1-S........ $ 486,325,622.44 $ 982.93
8) The following pertains to any real estate acquired on behalf of
Certificateholders:
Book Value...........................................$ 0.00
Unpaid Principal Balance.............................$ 0.00
<PAGE>
9) The aggregate number of Mortgage Loans included in the Principal
Balance set forth above:............................. 0
10) Aggregate number and aggregate Principal Balances of delinquent
Mortgage Loans, as of the opening of business on the related
Determination Date:
Loans Principal Balance
----- -----------------
*(1) *30-59 days 13 $ 4,135,474.27
(2) 60-89 days 1 $ 234,750.00
(3) 90 days or more 0 $ 0.00
(4) in foreclosure 0 $ 0.00
11) The aggregate number of replaced Mortgage loans and Scheduled
Principal Balance: $ 0.00
0
12) Aggregate Scheduled Principal Balance and number of modified loans:
$ 0.00
0
13) Certificate Interest Rate of:
Class 1-S Certificates: 0.000000%
14) Senior Percentage ................................. 95.71698000%
15) Senior Prepayment Percentage ...................... 100.00000000%
16) Class A5 Percentage................................. 0.00000000%
17) Class A5 Scheduled Distribution Percentage for
Distribution Date:.................................. 0.00000000%
18) Class A5 Prepayment Distribution Percentage for
Distribution Date:.................................. 0.00000000%
19) Junior Percentage ................................. 4.28302000%
20) Junior Prepayment Percentage ...................... 0.00000000%
<PAGE>
* 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 99.29
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January 1998
REMIC Multi-Class Pass-Through Certificates
Series 1997-12
Pursuant to the Pooling and Servicing Agreement dated as of December 1,
1997 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank and Trust Company (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 .................................$ 463,758.16
(b) Interest ..................................$ 4,118,255.67
(c) Total .....................................$ 4,582,013.83
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal .................................$ 463,758.16
(b) Interest ..................................$ 4,002,804.79
(c) Total .....................................$ 4,466,562.95
3. Aggregate Principal Prepayments in part received and applied in prior
month: .........................................$ 144,395.16
4. Aggregate Principal Prepayments in full received in prior month:
(a) Principal .................................$ 5,334,966.73
(b) Interest ..................................$ 10,126.79
(c) Total .....................................$ 5,345,093.52
<PAGE>
5. Aggregate Insurance Proceeds (including 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 and Modified Mortgage Loans:
(a) Principal .................................$ 0.00
(b) Interest ..................................$ 0.00
(c) Total .....................................$ 0.00
8. Aggregate Purchase Prices ( and substitution adjustments) for
Defective Mortgage Loans:
(a) Principal .................................$ 736,099.54
(b) Interest ..................................$ 0.00
(c) Total .....................................$ 736,099.54
9. Pool Scheduled Principal Balance: ..............$ 638,320,494.78
10. Available Funds: ...............................$ 10,692,151.17
11. Realized Losses for prior month: ................$ 0.00
12. Aggregate Realized Losses and Debt Service Reductions:
(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
(g) Debt Service Reductions: .....................$ 0.00
13. Compensating Interest Payment: ..................$ 7,031.30
<PAGE>
14. Accrued Certificate Interest, Unpaid Class Interest Shortfalls and
Pay-out Rate:
Class 12-A1....$ 1,808,333.33 $ 0.00 6.99999999%
Class 12-A2....$ 877,637.99 $ 0.00 6.99999999%
Class 12-A3....$ 97,030.58 $ 0.00 7.00000030%
Class 12-A4....$ 100,083.19 $ 0.00 6.99999971%
Class 12-A5....$ 362,420.64 $ 0.00 7.00000006%
Class 12-A6....$ 360,611.81 $ 0.00 6.99999994%
Class 12-M.....$ 52,674.98 $ 0.00 7.00000044%
Class 12-B1....$ 35,743.73 $ 0.00 6.99999951%
Class 12-B2....$ 28,218.73 $ 0.00 6.99999938%
Class 12-B3....$ 18,812.49 $ 0.00 7.00000062%
Class 12-B4....$ 5,643.74 $ 0.00 6.99999483%
Class 12-B5....$ 13,168.79 $ 0.00 7.00001469%
Class 12-S.....$ 252,551.00 $ 0.00 0.48377695%
Class 12-R.....$ 0.58 $ 0.00 0.00000000%
15. Principal distributable:
Class 12-A1.....$ 4,149,252.99 Class 12-M....$ 6,491.87
Class 12-A2.....$ 2,466,037.03 Class 12-B1...$ 4,405.20
Class 12-A3.....$ 0.00 Class 12-B2...$ 3,477.79
Class 12-A4.....$ 0.00 Class 12-B3...$ 2,318.52
Class 12-A5.....$ 0.00 Class 12-B4...$ 695.56
Class 12-A6.....$ 44,443.20 Class 12-B5...$ 1,622.96
Class 12-PO.....$ 374.47 Class 12-R....$ 100.00
16. Additional distributions to the Class 12-R Certificate pursuant to
Section 4.01(b):................................$ 0.00
17. Certificate Interest Rates of:
Class 12-S Certificates:..... 0.483777%
18. Distributions Allocable to Unanticipated Recoveries:
Class 12- A1...$ 0.00 Class 12- M...$ 0.00
Class 12- A2...$ 0.00 Class 12- B1..$ 0.00
Class 12- A3...$ 0.00 Class 12- B2..$ 0.00
Class 12- A4...$ 0.00 Class 12- B3..$ 0.00
Class 12- A5...$ 0.00 Class 12- B4..$ 0.00
Class 12- A6...$ 0.00 Class 12- B5..$ 0.00
Class 12- PO...$ 0.00 Class 12- R...$ 0.00
<PAGE>
B. Other Amounts:
1. Senior Percentage for such Distribution Date: .......... 95.897691%
2. Senior Prepayment Percentage for such Distribution Date: 100.000000%
3. Junior Percentage for such Distribution Date: .......... 4.102309%
4. Junior Prepayment Percentage for such Distribution Date: 0.000000%
5. Class A6 Percentage: 9.589769%
6. Class A6 Prepayment Distribution Percentage: 0.000000%
7. Subordinate Certificate Writedown Amount for such
Distribution Date: ...................................$ 0.00
8. Prepayment Distribution Triggers satisfied:
YES NO
--- --
Class 12-B1....... X
Class 12-B2....... X
Class 12-B3....... X
Class 12-B4....... X
Class 12-B5....... X
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
-----------------------------------
Name: Karen Pickett
Title: Vice-President,
Investor Operations
Exhibit 99.30
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January 1998
REMIC Multi-Class Pass-Through Certificates
Series 1997-12
Pursuant to the Pooling and Servicing Agreement dated as of December 1,
1997 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank and Trust Company (the "Trustee"), governing
the Certificates referred to above, the Company hereby certifies to the Trustee:
(a) The amounts below (other than for Class R) are for a Single Certificate of
$1,000:
1) The amount of such distribution allocable to principal:
Class 12-A1....$ 13.38468706 Class 12-M.....$ 0.71892280
Class 12-A2....$ 16.39083102 Class 12-B1....$ 0.71892324
Class 12-A3....$ 0.00000000 Class 12-B2....$ 0.71892344
Class 12-A4....$ 0.00000000 Class 12-B3....$ 0.71892138
Class 12-A5....$ 0.00000000 Class 12-B4....$ 0.71892581
Class 12-A6....$ 0.71892265 Class 12-B5....$ 0.71891848
Class 12-PO....$ 1.03146638 Class 12-R.....$1,000.00000000
2) Principal Prepayments included in the above principal distribution
(including the Scheduled Principal Balances of all Defaulted Mortgage
Loans and Defective Mortgage Loans purchased pursuant to Section 2.02,
2.03 (b) or 3.16, respectively, and any amounts deposited pursuant to
Section 2.03(b) in connection with the substitution of any Mortgage
Loans pursuant to Section 2.02 or 2.03(a), the proceeds of which are
being distributed on such Distribution Date):
Class 12-A1....$ 12.49090270 Class 12-M.....$ 0.00000000
Class 12-A2....$ 15.29630648 Class 12-B1....$ 0.00000000
Class 12-A3....$ 0.00000000 Class 12-B2....$ 0.00000000
Class 12-A4....$ 0.00000000 Class 12-B3....$ 0.00000000
Class 12-A5....$ 0.00000000 Class 12-B4....$ 0.00000000
Class 12-A6....$ 0.67091541 Class 12-B5....$ 0.00000000
Class 12-PO....$ 0.96258853 Class 12-R.....$ 933.22336486
<PAGE>
3) The amount of such distribution to the Certificateholders of each
class, allocable to Interest:
Class 12-A1....$ 5.83333332 Class 12-B1....$ 5.83333293
Class 12-A2....$ 5.83333333 Class 12-B2....$ 5.83333282
Class 12-A3....$ 5.83333358 Class 12-B3....$ 5.83333385
Class 12-A4....$ 5.83333309 Class 12-B4....$ 5.83332903
Class 12-A5....$ 5.83333339 Class 12-B5....$ 5.83334557
Class 12-A6....$ 5.83333328 Class 12-R.....$ 5.80000000
Class 12-M.....$ 5.83333370 Class 12-S.....$ 0.00000000
4) The amount of servicing compensation received by the Company during
the month preceding the month of distribution:..$ 58,221.46
(b) The amounts below are for the aggregate of all Certificates.
5) The Pool Scheduled Principal Balances of each Mortgage Pool on the
preceding Due Date after giving effect to all distributions allocable
to principal made on such Distribution Date:....$ 638,320,494.78
The aggregate number of Mortgage Loans included in the Scheduled
Principal Balance set forth above:.............. 2,084
6) The Class Certificate Principal Balance of each Class and the
Certificate Principal Balance of a Single Certificate of each Class
after giving effect to (i) all distributions allocable to principal
made on such Distribution Date and (ii) the allocation of any Realized
Losses and any Subordinate Writedown Certificate Amount for such
Distribution Date:
Class Certificate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 12-A1................$ 305,850,747.01 $ 986.62
Class 12-A2................$ 147,986,189.97 $ 983.61
Class 12-A3................$ 16,633,813.00 $ 1,000.00
Class 12-A4................$ 17,157,119.00 $ 1,000.00
Class 12-A5................$ 62,129,252.00 $ 1,000.00
Class 12-A6................$ 61,774,724.80 $ 999.28
Class 12-PO................$ 362,671.78 $ 998.97
Class 12-M.................$ 9,023,504.13 $ 999.28
Class 12-B1................$ 6,123,091.80 $ 999.28
Class 12-B2................$ 4,834,019.21 $ 999.28
Class 12-B3................$ 3,222,679.48 $ 999.28
Class 12-B4................$ 966,803.44 $ 999.28
Class 12-B5................$ 2,255,879.16 $ 999.28
Class 12-R.................$ 0.00 $ 0.00
Class 12-S.................$ 619,788,200.30 $ 989.37
<PAGE>
7) The following pertains to any real estate acquired on behalf of
Certificateholders through foreclosure, or grant of a deed in lieu of
foreclosure or otherwise, of any REO Mortgage Loan:
book value....................................$ 0.00
unpaid principal balance......................$ 0.00
number of related mortgage loans.............. 0
8) 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:
(a) delinquent
(1) 30-59 days
Number 18 Principal Balance $ 5,515,499.89
(2) 60-89 days
Number 0 Principal Balance $ 0.00
(3) 90 days or more
Number 0 Principal Balance $ 0.00
(b) in foreclosure
Number 0 Principal Balance $ 0.00
9) The Scheduled Principal Balance of any Mortgage Loan and number of
replaced pursuant to Section 2.03(b), and of any Modified Mortgage
Loan purchased pursuant to Section 3.01(c): $ 0.00 $ 0.00
10) The Scheduled Principal Balance of any Mortgage Loan and number of any
Modified Mortgage Loan purchased pursuant to Section 3.01(c):
$ 0.00 $ 0.00
11) The Certificate Interest Rates, applicable to the Interest Accrual
Period relating to such Distribution Date:
Class 12-S: ........................ 0.483777%
<PAGE>
12) Senior Percentage for such Distribution Date: ........... 95.89769100%
13) Senior Prepayment Percentage for such Distribution Date: 100.00000000%
14) Class A6 Percentage...................................... 9.58976900%
15) Class A6 Prepayment Distribution Percentage for such
Distribution Date: ...................................... 0.00000000%
16) Junior Percentage for such Distribution Date: ........... 4.10230900%
17) Junior Prepayment Percentage for such Distribution Date: 0.00000000%
Exhibit 99.31
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
January 1998
REMIC Multi-Class Pass-Through Certificates
Series 1997-13
Pursuant to the Pooling and Servicing Agreement dated as of December 1,
1997 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank and Trust Company (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 ................................$ 622,500.48
(b) Interest .................................$ 1,241,792.68
(c) Total ....................................$ 1,864,293.16
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal .................................$ 622,500.48
(b) Interest ..................................$ 1,200,409.92
(c) Total .....................................$ 1,822,910.40
3. Aggregate Principal Prepayments in part received and applied in prior
month: .........................................$ 432,779.62
4. Aggregate Principal Prepayments in full received in prior month:
(a) Principal .................................$ 1,512,375.81
(b) Interest ..................................$ 4,307.34
(c) Total .....................................$ 1,516,683.15
<PAGE>
5. Aggregate Insurance Proceeds 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 and Modified Mortgage Loans:
(a) Principal .................................$ 0.00
(b) Interest ..................................$ 0.00
(c) Total .....................................$ 0.00
8. Aggregate Purchase Prices ( and substitution adjustments) for
Defective Mortgage Loans:
(a) Principal .................................$ 0.00
(b) Interest ..................................$ 0.00
(c) Total .....................................$ 0.00
9. Pool Scheduled Principal Balance: ..............$ 198,107,700.46
10. Available Funds: ...............................$ 3,772,373.17
11. Realized Losses for prior month: ................$ 0.00
12. Aggregate Realized Losses:
(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
(g) Debt Service Reductions: ....................$ 0.00
13. Compensating Interest Payment: ..................$ 1,187.06
<PAGE>
14. Accrued Certificate Interest, Unpaid Class Interest Shortfalls and
Pay-out Rate:
Class 13-A1.....$ 801,688.27 $ 0.00 6.75000000%
Class 13-A2.....$ 77,652.84 $ 0.00 6.75000000%
Class 13-A3.....$ 219,551.38 $ 0.00 6.75000000%
Class 13-M......$ 11,288.08 $ 0.00 6.75000000%
Class 13-B1.....$ 2,822.02 $ 0.00 6.75000000%
Class 13-B2.....$ 5,644.04 $ 0.00 6.75000000%
Class 13-B3.....$ 3,950.83 $ 0.00 6.75000000%
Class 13-B4.....$ 2,257.62 $ 0.00 6.75000000%
Class 13-B5.....$ 2,257.57 $ 0.00 6.75000000%
Class 13-S......$ 77,604.05 $ 0.00 0.49398900%
Class 13-R......$ 0.56 $ 0.00 6.75000000%
15. Principal distributable:
Class 13-A1.....$ 2,429,766.62
Class 13-A2.....$ 0.00
Class 13-A3.....$ 121,063.19
Class 13-PO.....$ 1,165.15
Class 13-M......$ 6,224.38
Class 13-B1.....$ 1,556.10
Class 13-B2.....$ 3,112.19
Class 13-B3.....$ 2,178.53
Class 13-B4.....$ 1,244.88
Class 13-B5.....$ 1,244.87
Class 13-R......$ 100.00
16. Additional distributions to the Class 13-R Certificate pursuant to
Section 4.01(b):.................................$ 0.00
17. Certificate Interest Rates of:
Class 13-S Certificates:..... 0.464100%
18. Distributions Allocable to Unanticipated Recoveries:
Class 13-A1.....$ 0.00
Class 13-A2.....$ 0.00
Class 13-A3.....$ 0.00
Class 13-PO.....$ 0.00
Class 13-M......$ 0.00
Class 13-B1.....$ 0.00
Class 13-B2.....$ 0.00
Class 13-B3.....$ 0.00
Class 13-B4.....$ 0.00
Class 13-B5.....$ 0.00
Class 13-R......$ 0.00
<PAGE>
B. Other Amounts:
1. Senior Percentage for such Distribution Date: .......... 97.496240%
2. Senior Prepayment Percentage for such Distribution Date: 100.000000%
3. Junior Percentage for such Distribution Date: .......... 2.503760%
4. Junior Prepayment Percentage for such Distribution Date: 0.000000%
5. Class A3 Percentage: ................................... 19.479087%
6. Class A3 Prepayment Distribution Percentage: ........... 0.000000%
7. Subordinate Certificate Writedown Amount for such
Distribution Date: .....................................$ 0.00
8. Prepayment Distribution Triggers satisfied:
YES NO
--- --
Class 13-B1....... X
Class 13-B2....... X
Class 13-B3....... X
Class 13-B4....... X
Class 13-B5....... X
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
------------------------------------
Name: Karen Pickett
Title: Vice-President,
Investor Operations
Exhibit 99.32
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
January 1998
REMIC Multi-Class Pass-Through Certificates
Series 1997-13
Pursuant to the Pooling and Servicing Agreement dated as of December 1,
1997 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank and Trust Company (the "Trustee"), governing
the Certificates referred to above, the Company hereby certifies to the Trustee:
(a) The amounts below (other than for Class R) are for a Single Certificate of
$1,000:
i) The amount of such distribution allocable to principal:
Class 13-A1....$ 17.04831885 Class 13-B3......$ 3.10168430
Class 13-A2....$ 0.00000000 Class 13-B4......$ 3.10170074
Class 13-A3....$ 3.10169060 Class 13-B5......$ 3.10166879
Class 13-PO....$ 3.88816916 Class 13-R.......$ 1,000.00000000
Class 13-M.....$ 3.10169078
Class 13-B1....$ 3.10169765
Class 13-B2....$ 3.10169078
ii) Principal Prepayments included in the above principal distribution
(including the Scheduled Principal Balances of all Defaulted Mortgage
Loans and Defective Mortgage Loans purchased pursuant to Section 2.02,
2.03 (b) or 3.16, respectively, and any amounts deposited pursuant to
Section 2.03(b) in connection with the substitution of any Mortgage
Loans pursuant to Section 2.02 or 2.03(a), the proceeds of which are
being distributed on such Distribution Date):
Class 13-A1....$ 12.99388563 Class 13-B3......$ 0.00000000
Class 13-A2....$ 0.00000000 Class 13-B4......$ 0.00000000
Class 13-A3....$ 2.36404617 Class 13-B5......$ 0.00000000
Class 13-PO....$ 2.96348431 Class 13-R.......$ 762.17988091
Class 13-M.....$ 0.00000000
Class 13-B1....$ 0.00000000
Class 13-B2....$ 0.00000000
<PAGE>
iii) The amount of distribution allocable to interest; Pay-out Rate:
Class 13-A1....$ 5.62500000 6.75000000%%
Class 13-A2....$ 5.62500014 6.75000000%%
Class 13-A3....$ 5.62500006 6.75000000%%
Class 13-M.....$ 5.62499938 6.75000000%%
Class 13-B1....$ 5.62499377 6.75000000%%
Class 13-B2....$ 5.62499938 6.75000000%%
Class 13-B3....$ 5.62499822 6.75000000%%
Class 13-B4....$ 5.62500934 6.75000000%%
Class 13-B5....$ 5.62487201 6.75000000%%
Class 13-R.....$ 5.60000000 6.75000000%%
Class 13-S.....$ 0.00000000 N/A
iv) The amount of distribution allocable to Unanticipated Recoveries:
Class 13-A1....$ N/A N/A
Class 13-A2....$ N/A N/A
Class 13-A3....$ N/A N/A
Class 13-PO....$ N/A N/A
Class 13-M.....$ N/A N/A
Class 13-B1....$ N/A N/A
Class 13-B2....$ N/A N/A
Class 13-B3....$ N/A N/A
Class 13-B4....$ N/A N/A
Class 13-B5....$ N/A N/A
Class 13-R.....$ N/A N/A
v) The amount of servicing compensation received by the Company during
the month preceding the month of distribution:.....$ 25,448.97
(b) The amounts below are for the aggregate of all Certificates.
vi) The Pool Scheduled Principal Balances of each Mortgage Pool on the
preceding Due Date after giving effect to all distributions allocable
to principal made on such Distribution Date:.......$ 198,107,700.46
The aggregate number of Mortgage Loans included in the Scheduled
Principal Balance set forth above:................. 622
<PAGE>
vii) The Class Certificate Principal Balance of each Class and the
Certificate Principal Balance of a Single Certificate of each Class
after giving effect to (i) all distributions allocable to principal
made on such Distribution Date and (ii) the allocation of any Realized
Losses and any Subordinate Writedown Certificate Amount for such
Distribution Date:
Class Certificate Single
Principal Balance Certificate Balance
----------------- -------------------
Class 13-A1................$ 140,092,592.38 $ 982.95
Class 13-A2................$ 13,804,949.00 $ 1,000.00
Class 13-A3................$ 38,910,292.81 $ 996.90
Class 13-PO................$ 298,500.31 $ 996.11
Class 13-M.................$ 2,000,545.62 $ 996.90
Class 13-B1................$ 500,136.90 $ 996.90
Class 13-B2................$ 1,000,272.81 $ 996.90
Class 13-B3................$ 700,191.47 $ 996.90
Class 13-B4................$ 400,109.12 $ 996.90
Class 13-B5................$ 400,110.04 $ 996.90
Class 13-R.................$ 0.00 $ 0.00
Class 13-S.................$ 185,994,984.09 $ 926.85
viii)The following pertains to any real estate acquired on behalf of
Certificateholders through foreclosure, or grant of a deed in lieu of
foreclosure or otherwise, of any REO Mortgage Loan:
book value.........................................$ 0.00
unpaid principal balance...........................$ 0.00
number of related mortgage loans................... 0
ix) 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:
(a) delinquent
(1) 30-59 days
Number 8 Principal Balance $ 2,607,951.13
(2) 60-89 days
Number 0 Principal Balance $ 0.00
(3) 90 days or more
Number 0 Principal Balance $ 0.00
(b) in foreclosure
Number 0 Principal Balance $ 0.00
x) The Scheduled Principal Balance of any Mortgage Loan replaced pursuant
to Section 2.03(b):.................................$ 0.00
<PAGE>
xi) The Scheduled Principal Balance, of any Modified Mortgage Loan
purchased pursuant to Section 3.01(c): .............$ 0.00
xii) The Certificate Interest Rates, applicable to the Interest Accrual
Period relating to such Distribution Date:
Class 13-S: ........................ 0.464100%
1. Senior Percentage for such Distribution Date: ....... 97.49624000%
2. Senior Prepayment Percentage for such Distribution
Date: ...............................................100.00000000%
3. Class A3 Percentage for such Distribution Date: ..... 19.47908700%
4. Class A3 Prepayment Percentage for such Distribution
Date: ............................................... 0.00000000%
5. Junior Percentage for such Distribution Date: ....... 2.50376000%
6. Junior Prepayment Percentage for such Distribution
Date: ............................................... 0.00000000%
Exhibit 99.33
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
JANUARY 1998
Home Equity Loan Pass-Through Certificates
Series 1997-HE4
Pursuant to the Pooling and Servicing Agreement dated as of December 1,
1997 (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: $ 1,732,566.53
(2) Aggregate Monthly Payments received and Monthly Advances made this
Month:
(a) Principal $ 317,312.21
(b) Interest $ 1,458,309.93
(c) Total $ 1,775,622.14
(3) Aggregate Principal Prepayments in part received on Self- Amortizing
Mortgage Loans and applied in the applicable Prepayment Period:
(a) Principal $ 4,352.22
(c) Total $ 4,352.22
(4) Aggregate Principal Prepayments in full received in the applicable
Prepayment period:
(a) Principal $ 759,707.50
(b) Interest $ 8,627.05
(c) Total $ 768,334.55
(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
<PAGE>
(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: $ 186,134,461.31
(11) Available Funds: $ 2,473,059.29
(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
<PAGE>
(14) Compensating Interest Payment: $ 2,255.38
(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 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
(19) Class Certificate Interest Rate:
Class M 36157NFQ2 7.135%
Class B1 36157NFR0 7.330%
Class B2 36157NFS8 7.675%
Class B3 36157NFT6 8.972%
Class B4 36157NFU3 8.972%
Class B5 36157NFV1 8.972%
Class S 36197HE4 2.10%
<PAGE>
(20) Accrued Certificate Interest and Pay-out Rate:
Class A1 36157NFF6 $ 323,618.75 6.825%
Class A2 36157NFG4 $ 109,416.67 6.565%
Class A3 36157NFH2 $ 164,750.00 6.590%
Class A4 36157NFJ8 $ 56,375.00 6.765%
Class A5 36157NFK5 $ 75.933.33 6.800%
Class A6 36157NFL3 $ 139.880.73 7.170%
Class A7 36157NFM1 $ 95,766.09 6.735%
Class S 36197HE4 $ 325,977.49 2.10%
Class M 36157NFQ2 $ 27,671.91 7.135%
Class B1 36157NFR0 $ 25,587.81 7.330%
Class B2 36157NFS8 $ 11,909.04 7.675%
Class B3 36157NFT6 $ 13,921.83 8.972%
Class B4 36157NFU3 $ 10,437.63 8.972%
Class B5 36157NFV1 $ 10,441.08 8.972%
Total $ 1,391,687.36
(21) Principal distributable:
Class A1 36157NFF6 $ 1,054,187.93
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 M 36157NFQ2 $ 7,933.89
Class B1 36157NFR0 $ 7,141.19
Class B2 36157NFS8 $ 3,174.24
Class B3 36157NFT6 $ 3,174.24
Class B4 36157NFU3 $ 2,379.83
Class B5 36157NFV1 $ 2,380.61
Class R1 36157NFN9 $ 500.00
Class R2 36157NFP4 $ 500.00
Total $ 1,081,371.93
(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
<PAGE>
B. Other Amounts:
(1) Senior Percentage for such Distribution Date: 91.748190%
(2) Senior Prepayment Percentage for such Distribution Date: 100.000000%
(3) Junior Percentage for such Distribution Date: 8.251810%
(4) Junior Prepayment Percentage for such Distribution Date: 0.000000%
(5) Subordinate Certfificate Writedown Amount for such
Distribution Date: 0.000000%
(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/ Karen Pickett
-----------------------------------
Name: Karen Pickett
Title: Vice President,
Investor Operations
Exhibit 99.34
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
JANUARY 1998
Home Equity Loan Pass-Through Certificates
Series 1997-HE4
Pursuant to the Pooling and Servicing Agreement dated as of December 1,
1997 (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 36157NFF6 $ 18.52702866
Class A2 36157NFG4 $ 0.00000000
Class A3 36157NFH2 $ 0.00000000
Class A4 36157NFJ8 $ 0.00000000
Class A5 36157NFK5 $ 0.00000000
Class A6 36157NFL3 $ 0.00000000
Class A7 36157NFM1 $ 0.00000000
Class M 36157NFQ2 $ 1.70474724
Class B1 36157NFR0 $ 1.70474724
Class B2 36157NFS8 $ 1.70474724
Class B3 36157NFT6 $ 1.70474724
Class B4 36157NFU3 $ 1.70474724
Class B5 36157NFV1 $ 1.70474724
Class R1 36157NFN9 $ 500.00000000
Class R2 36157NFP4 $ 500.00000000
(2) Aggregate Principal prepayments included in distribution:
Class A1 36157NFF6 $ 764,059.72
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
<PAGE>
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
Class R1 36157NFN9 $ 0.00
Class R2 36157NFP4 $ 0.00
(3) Amount of distribution allocable to interest Pay-out Rate:
Class A1 36157NFF6 $ 5.68750000 6.825%
Class A2 36157NFG4 $ 5.47083333 6.565%
Class A3 36157NFH2 $ 5.49166667 6.590%
Class A4 36157NFJ8 $ 5.63750000 6.765%
Class A5 36157NFK5 $ 5.66666667 6.800%
Class A6 36157NFL3 $ 5.97500000 7.170%
Class A7 36157NFM1 $ 5.61250000 6.735%
Class S 36197HE4 $ 1.75130112 2.10%
Class M 36157NFQ2 $ 5.94583333 7.135%
Class B1 36157NFR0 $ 6.10833333 7.330%
Class B2 36157NFS8 $ 6.39583333 7.675%
Class B3 36157NFT6 $ 7.47681583 8.972%
Class B4 36157NFU3 $ 7.47681583 8.972%
Class B5 36157NFV1 $ 7.47681583 8.972%
(4) Servicing Compensation: $ 76,339.60
The amounts below are for the aggregate of all Certificates:
(5) Pool Principal Balance; $ 186,134,461.31
number of Mortgage Loans: 2,827
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(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 36157NFF6 $ 55,845,812.07 $ 981.47297134
Class A2 36157NFG4 $ 20,000,000.00 $ 1,000.00000000
Class A3 36157NFH2 $ 30,000,000.00 $ 1,000.00000000
Class A4 36157NFJ8 $ 10,000,000.00 $ 1,000.00000000
Class A5 36157NFK5 $ 13,400,000.00 $ 1,000.00000000
Class A6 36157NFL3 $ 23,411,000.00 $ 1,000.00000000
Class A7 36157NFM1 $ 17,063,000.00 $ 1,000.00000000
Class M 36157NFQ2 $ 4,646,066.11 $ 998.29525276
Class B1 36157NFR0 $ 4,181,858.81 $ 998.29525276
Class B2 36157NFS8 $ 1,858,825.76 $ 998.29525276
Class B3 36157NFT6 $ 1,858,825.76 $ 998.29525276
Class B4 36157NFU3 $ 1,393,620.17 $ 998.29525276
Class B5 36157NFV1 $ 1,394,080.70 $ 998.29525276
Class R1 36157NFN9 $ 0.00 $ 0.00000000
Class R2 36157NFP4 $ 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 $ 1,023,298.33
19
Two Payments Delinquent $ 0.00
0
Three or more Payments Delinquent $ 0.00
0
TOTAL $ 1,023,298.33
19
In foreclosure $ 0.00
0
(9) Aggregate Scheduled Principal Balance and number of replaced Mortgage
Loans: $ 0.00
0
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(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 7.135%
Class B1 36157NFR0 7.330%
Class B2 36157NFS8 7.675%
Class B3 36157NFT6 8.972%
Class B4 36157NFU3 8.972%
Class B5 36157NFV1 8.972%
Class S 36197HE4 2.10%
(12) Senior Percentage for such Distribution Date: 91.748190%
(13) Senior Prepayment Percentage for such Distribution Date: 100.000000%
(14) Junior Percentage for such Distribution Date: 8.251810%
(15) Junior Prepayment Percentage for such Distribution Date: 0.000000%
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Karen Pickett
-----------------------------------
Name: Karen Pickett
Title: Vice President,
Investor Operations
