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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) June 25, 1998
GE CAPITAL MORTGAGE SERVICES, INC.
(as Seller and Servicer under Pooling and
Servicing Agreements each providing for the
issuance of a Series of Mortgage Pass-Through Certificates)
GE Capital Mortgage Services, Inc.
----------------------------------
(formerly known as Travelers Mortgage Services, Inc.)
(Exact name of registrant as specified in its charter)
New Jersey 33-5042 21-0627285
---------- ------- ----------
(State or Other (Commission (I.R.S. Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
Three Executive Campus
Cherry Hill, New Jersey 08002
----------------------- -----
(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including
area code (609) 661-6100
<PAGE>
Item 5. Other Events
- ------- ------------
On June 25, 1998 GE Capital Mortgage Services, Inc. ("GECMSI") passed
through to Certificateholders of Mortgage Pass-Through Certificates principal
and interest payments as required for the various Series of Mortgage
Pass-Through Certificates listed below and as detailed in Item 7, Financial
Statements, Pro Forma Financial Information and Exhibits, of this Report.
Series Distribution on Series
- ------ ----------------------
Series 1998-01 $2,679,057.06
Series 1998-02 $9,283,448.63
Series 1998-03 $7,927,842.27
Series 1998-04 $8,103,512.27
Series 1998-HE $2,864,868.01
Series 1998-05 $9,387,171.53
Series 1998-6A $3,147,893.44
Series 1998-6B $3,465,293.29
Series 1998-07 $2,484,216.58
Series 1998-08A $4,942,264.28
Series 1998-08B $2,920,874.15
Series 1998-09 $8,509,496.93
Series 1998-10A $6,621,188.14
Series 1998-10B $1,702,432.28
Item 7. Financial Statements and Exhibits
- ------- ---------------------------------
Attached as Exhibits to Item 7 are the "Servicer's Certificate" and the
"Monthly Statement" or "Distribution Date Statement" filed as part of this
Report.
Series Exhibit No. Description
------ ----------- -----------
Series 1998-01 99.1 Servicer's Certificate
99.2 Monthly Statement
Series 1998-02 99.3 Servicer's Certificate
99.4 Monthly Statement
Series 1998-03 99.5 Servicer's Certificate
99.6 Monthly Statement
Series 1998-04 99.7 Servicer's Certificate
99.8 Monthly Statement
Series 1998-HE1 99.9 Servicer's Certificate
99.10 Distribution Date Statement
Series 1998-05 99.11 Servicer's Certificate
99.12 Monthly Statement
Series 1998-6A 99.13 Servicer's Certificate
99.14 Monthly Statement
Series 1998-6B 99.15 Servicer's Certificate
99.16 Monthly Statement
Series 1998-07 99.17 Servicer's Certificate
99.18 Monthly Statement
Series 1998-08A 99.19 Servicer's Certificate
99.20 Monthly Statement
Series 1998-08B 99.21 Servicer's Certificate
99.22 Monthly Statement
Series 1998-09 99.23 Servicer's Certificate
99.24 Monthly Statement
Series 1998-10A 99.25 Servicer's Certificate
99.26 Monthly Statement
Series 1998-10B 99.27 Servicer's Certificate
99.28 Monthly Statement
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-----------------------------------
Name: Tim Neer
Title: Vice President, Investor Relations
Dated as of : June 30, 1998
<PAGE>
EXHIBIT NO. DESCRIPTION
- ----------- -----------
99.1 Series 1998-01 Servicer's Certificate
99.2 Series 1998-01 Monthly Statement
99.3 Series 1998-02 Servicer's Certificate
99.4 Series 1998-02 Monthly Statement
99.5 Series 1998-03 Servicer's Certificate
99.6 Series 1998-03 Monthly Statement
99.7 Series 1998-04 Servicer's Certificate
99.8 Series 1998-04 Monthly Statement
99.9 Series 1998-HE1 Servicer's Certificate
99.10 Series 1998-HE1 Distribution Date Statement
99.11 Series 1998-05 Servicer's Certificate
99.12 Series 1998-05 Monthly Statement
99.13 Series 1998-6A Servicer's Certificate
99.14 Series 1998-6A Monthly Statement
99.15 Series 1998-6B Servicer's Certificate
99.16 Series 1998-6B Monthly Statement
99.17 Series 1998-07 Servicer's Certificate
99.18 Series 1998-07 Monthly Statement
99.19 Series 1998-08A Servicer's Certificate
99.20 Series 1998-08A Monthly Statement
99.21 Series 1998-08B Servicer's Certificate
99.22 Series 1998-08B Monthly Statement
99.23 Series 1998-09 Servicer's Certificate
99.24 Series 1998-09 Monthly Statement
99.25 Series 1998-10A Servicer's Certificate
99.26 Series 1998-10A Monthly Statement
99.27 Series 1998-10B Servicer's Certificate
99.28 Series 1998-10B Monthly Statement
Exhibit 99.1
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
June, 1998
Series 1998-01, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 605,368.61
------------------------
(b) Interest $ 1,133,679.32
------------------------
(c) Total $ 1,739,047.93
------------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 241,301.94
------------------------
(b) Interest $ 443,104.83
------------------------
(c) Total $ 684,406.77
------------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 364,066.67
------------------------
(b) Interest $ 690,574.49
------------------------
(c) Total $ 1,054,641.16
------------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 327,973.40
------------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 711,519.94
------------------------
(b) Interest $ 2,578.04
------------------------
(c) Total $ 714,097.98
------------------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
------------------------
(b) Interest $ 0.00
------------------------
(c) Total $ 0.00
------------------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
------------------------
(b) Interest $ 0.00
------------------------
(c) Total $ 0.00
------------------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
------------------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
------------------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
------------------------
(b) Interest $ 0.00
------------------------
(c) Total $ 0.00
------------------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
------------------------
(b) Interest $ 0.00
------------------------
(c) Total $ 0.00
------------------------
12. Pool Scheduled Principal Balance: $ 182,366,426.61
-----------------------
13. Available Funds: $ 2,679,057.09
-----------------------
14. Realized Losses for prior month: $ 0.00
-----------------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
------------------------
17. Compensating Interest Payment: $ 2,567.61
------------------------
18. Total interest payments: $ 1,034,195.14
------------------------
19. Interest
Accrued Unpaid Class
Certificate Interest Interest
Class Interest Shortfalls Payable Pay-out Rate
- ----- -------- ---------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A1 $ 323,454.22 $ 0.00 $ 323,454.22 % 6.749999929
A2 $ 538,134.77 $ 0.00 $ 538,134.77 % 6.750000036
A3 $ 147,587.67 $ 0.00 $ 147,587.67 % 6.749999982
M $ 8,339.33 $ 0.00 $ 8,339.33 % 6.749996474
B1 $ 5,559.55 $ 0.00 $ 5,559.55 % 6.750003718
B2 $ 2,779.76 $ 0.00 $ 2,779.76 % 6.750001032
B3 $ 4,447.64 $ 0.00 $ 4,447.64 % 6.749995267
B4 $ 1,667.86 $ 0.00 $ 1,667.86 % 6.750017175
B5 $ 2,224.34 $ 0.00 $ 2,224.34 % 6.750000209
20. Principal Distribution Amount: $ 1,644,861.95
------------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 1,856.37 $ 0.00
Class A1 $ 521,915.12 $ 0.00
Class A2 $ 1,020,147.53 $ 0.00
Class A3 $ 86,311.70 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 4,876.98 $ 0.00
Class B1 $ 3,251.32 $ 0.00
Class B2 $ 1,625.65 $ 0.00
Class B3 $ 2,601.06 $ 0.00
Class B4 $ 975.39 $ 0.00
Class B5 $ 1,300.83 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
-----------------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
-----------------------
24. Subordinate Certificate Writedown Amount: $ 0.00
-----------------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
-----------------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied: Yes No
--- --
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 42,242.29
-----------------------
3. Supplemental Servicing Fee amount: $ 63,768.26
-----------------------
4. Credit Losses for prior month: $ 0.00
-----------------------
Category Category Category
A B C
5. Senior Percentage: % 97.580874 N/A N/A N/A
----------- ----- ------ ------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
----------- ----- ------ ------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
----------- ----- ------ ------
8. Senior Prepayment Percentage:
%100.000000 N/A N/A N/A
----------- ----- ------ ------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ----- ------ ------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ----- ------ ------
11. Junior Percentage: % 2.419126
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President,
Investor Operations
Exhibit 99.2
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
June, 1998
Series 1998-01, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.435367
---------------------
Weighted average maturity 171.76
---------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
PO $ 11.84226642 $ 8.30656171 $ 0.00000000 % 0.00000000
A1 $ 8.32798979 $ 5.30961816 $ 5.16122898 % 6.74999993
A2 $ 9.59794319 $ 6.11929337 $ 5.06298040 % 6.75000004
A3 $ 3.24821260 $ 2.07094030 $ 5.55424269 % 6.74999998
M $ 3.24821254 $ 0.00000000 $ 5.55423978 % 6.74999647
B1 $ 3.24821795 $ 0.00000000 $ 5.55424570 % 6.75000372
B2 $ 3.24821420 $ 0.00000000 $ 5.55424347 % 6.75000103
B3 $ 3.24821889 $ 0.00000000 $ 5.55423876 % 6.74999527
B4 $ 3.24821420 $ 0.00000000 $ 5.55425679 % 6.75001717
B5 $ 3.24821133 $ 0.00000000 $ 5.55424337 % 6.75000021
2. Unanticipated Recoveries: $ 0.00
----------------
B. Accrual Amount
1.
Class Accrual Amount
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 42,242.29
----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 182,366,426.61
----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 569
----------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RCN3
PO $ 154,373.69 $ 152,517.32 $ 972.95 GEC9801PO
A1 $ 57,502,973.05 $ 56,981,057.93 $ 909.22 36157RCK9
A2 $ 95,668,403.05 $ 94,648,255.52 $ 890.49 36157RCL7
A3 $ 26,237,808.07 $ 26,151,496.37 $ 984.17 36157RCM5
SUP $ 171,658,559.84 $ 170,280,899.19 $ 907.42 GEC98001S
M $ 1,482,548.33 $ 1,477,671.35 $ 984.17 36157RCP8
B1 $ 988,363.90 $ 985,112.59 $ 984.17 36157RCQ6
B2 $ 494,179.48 $ 492,553.83 $ 984.17 36157RCR4
B3 $ 790,692.11 $ 788,091.06 $ 984.17 36157RCG8
B4 $ 296,507.69 $ 295,532.30 $ 984.17 36157RCH6
B5 $ 395,438.21 $ 394,137.38 $ 984.17 36157RCJ2
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 2 Principal Balance $ 259,195.73
-------- -------------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- -------------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------------
4. In Foreclosure
Number 1 Principal Balance $ 219,252.14
-------- -------------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
-------------------
E. Other Information:
1. Special Hazard Loss Amount: $ 2,621,837.00
------------------
2. Bankruptcy Loss Amount: $ 100,000.00
------------------
3. Fraud Loss Amount: $ 2,001,914.00
------------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
------------------
Exhibit 99.3
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
June, 1998
Series 1998-02, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 312,543.92
------------------
(b) Interest $ 2,629,863.62
------------------
(c) Total $ 2,942,407.54
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 279,647.05
------------------
(b) Interest $ 2,358,196.59
------------------
(c) Total $ 2,637,843.64
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 32,896.87
------------------
(b) Interest $ 271,667.03
------------------
(c) Total $ 304,563.90
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 183,463.33
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 6,361,118.84
------------------
(b) Interest $ 40,477.76
------------------
(c) Total $ 6,401,596.60
------------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
------------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
------------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
12. Pool Scheduled Principal Balance: $ 409,373,875.42
-----------------
13. Available Funds: $ 9,283,448.71
-----------------
14. Realized Losses for prior month: $ 0.00
-----------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
------------------
17. Compensating Interest Payment: $ 3,622.37
------------------
18. Total interest payments: $ 2,426,322.64
------------------
19. Interest
Accrued Unpaid Class
Certificate Interest Interest
Class Interest Shortfalls Payable Pay-out Rate
- ----- -------- ---------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 %0.000000000
PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
A1 $ 107,031.70 $ 0.00 $ 107,031.70 %6.999999774
A2 $ 21,583.33 $ 0.00 $ 21,583.33 %6.999998919
A3 $ 134,522.50 $ 0.00 $ 134,522.50 %6.999999751
A4 $ 143,272.50 $ 0.00 $ 143,272.50 %7.000000000
A5 $ 198,686.24 $ 0.00 $ 198,686.24 %6.999999853
A6 $ 329,663.25 $ 0.00 $ 329,663.25 %7.000000012
A7 $ 57,166.67 $ 0.00 $ 57,166.67 %7.000000408
A8 $ 5,453.45 $ 0.00 $ 5,453.45 %7.250005140
A9 $ 26,138.96 $ 0.00 $ 26,138.96 %6.950000642
A10 $ 19,250.00 $ 0.00 $ 19,250.00 %7.000000000
A11 $ 128,188.69 $ 0.00 $ 128,188.69 %6.999999962
A12 $ 1,143,928.66 $ 0.00 $ 1,143,928.66 %6.999999992
M $ 45,885.65 $ 0.00 $ 45,885.65 %6.999999661
B1 $ 26,220.37 $ 0.00 $ 26,220.37 %6.999999286
B2 $ 13,110.19 $ 0.00 $ 13,110.19 %7.000001971
B3 $ 13,110.19 $ 0.00 $ 13,110.19 %7.000001971
B4 $ 3,931.89 $ 0.00 $ 3,931.89 %6.999995282
B5 $ 9,178.40 $ 0.00 $ 9,178.40 %7.000002002
20. Principal Distribution Amount: $ 6,857,126.07
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 269.79 $ 0.00
Class A1 $ 484,779.85 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 452,700.73 $ 0.00
Class A4 $ 0.00 $ 0.00
Class A5 $ 0.00 $ 0.00
Class A6 $ 1,540,567.28 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A8 $ 19,257.96 $ 0.00
Class A9 $ 96,289.90 $ 0.00
Class A10 $ 0.00 $ 0.00
Class A11 $ 16,499.20 $ 0.00
Class A12 $ 4,232,418.32 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 5,905.95 $ 0.00
Class B1 $ 3,374.83 $ 0.00
Class B2 $ 1,687.42 $ 0.00
Class B3 $ 1,687.42 $ 0.00
Class B4 $ 506.07 $ 0.00
Class B5 $ 1,181.35 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
------------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
------------------
24. Subordinate Certificate Writedown Amount: $ 0.00
------------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
------------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied: Yes No
--- --
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 90,651.73
-----------------
3. Supplemental Servicing Fee amount: $ 157,187.54
-----------------
4. Credit Losses for prior month: $ 0.00
-----------------
Category Category Category
A B C
5. Senior Percentage: % 95.407178 N/A N/A N/A
----------- ---- ------- ------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------- ------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------- ------
8. Senior Prepayment Percentage:
%100.000000 N/A N/A N/A
----------- ---- ------- ------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------- ------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------- ------
11. Junior Percentage: % 4.592822
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President,
Investor Operations
Exhibit 99.4
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
June, 1998
Series 1998-02, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.705151
----------------------
Weighted average maturity 352.20
----------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
PO $ 0.92687452 $ 0.06352315 $ 0.00000000 %0.00000000
A1 $ 23.31409103 $ 22.29890484 $ 5.14738143 %6.99999977
A2 $ 0.00000000 $ 0.00000000 $ 5.83333243 %6.99999892
A3 $ 17.86200861 $ 17.08422770 $ 5.30779364 %6.99999975
A4 $ 0.00000000 $ 0.00000000 $ 5.83333333 %7.00000000
A5 $ 0.00000000 $ 0.00000000 $ 5.83333321 %6.99999985
A6 $ 23.95826613 $ 22.91503022 $ 5.12678672 %7.00000001
A7 $ 0.00000000 $ 0.00000000 $ 5.83333367 %7.00000041
A8 $ 19.25797926 $ 18.41941842 $ 5.45345545 %7.25000514
A9 $ 19.25798000 $ 18.41941400 $ 5.22779200 %6.95000064
A10 $ 0.00000000 $ 0.00000000 $ 5.83333333 %7.00000000
A11 $ 0.74863155 $ 0.71603319 $ 5.81640913 %6.99999996
A12 $ 19.46386903 $ 18.61633668 $ 5.26065146 %6.99999999
M $ 0.74863101 $ 0.00000000 $ 5.81640892 %6.99999966
B1 $ 0.74863132 $ 0.00000000 $ 5.81640861 %6.99999929
B2 $ 0.74863354 $ 0.00000000 $ 5.81641083 %7.00000197
B3 $ 0.74863354 $ 0.00000000 $ 5.81641083 %7.00000197
B4 $ 0.74862426 $ 0.00000000 $ 5.81640533 %6.99999528
B5 $ 0.74862906 $ 0.00000000 $ 5.81641087 %7.00000200
2. Unanticipated Recoveries: $ 0.00
--------------------
B. Accrual Amount
1.
Class Accrual Amount
----- --------------
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 90,651.73
--------------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 409,373,875.42
--------------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,381
--------------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RDE2
PO $ 289,974.61 $ 289,704.81 $ 995.29 GEC9802PO
A1 $ 18,348,292.02 $ 17,863,512.17 $ 859.09 36157RCS2
A2 $ 3,700,000.00 $ 3,700,000.00 $ 1,000.00 36157RCT0
A3 $ 23,061,000.82 $ 22,608,300.09 $ 892.05 36157RCU7
A4 $ 24,561,000.00 $ 24,561,000.00 $ 1,000.00 36157RCV5
A5 $ 34,060,499.00 $ 34,060,499.00 $ 1,000.00 36157RCW3
A6 $ 56,513,699.90 $ 54,973,132.62 $ 854.92 36157RCX1
A7 $ 9,800,000.00 $ 9,800,000.00 $ 1,000.00 36157RCY9
A8 $ 902,639.36 $ 883,381.40 $ 883.38 36157RCZ6
A9 $ 4,513,201.31 $ 4,416,911.40 $ 883.38 36157RDA0
A10 $ 3,300,000.00 $ 3,300,000.00 $ 1,000.00 36157RDB8
A11 $ 21,975,204.12 $ 21,958,704.92 $ 996.35 36157RDC6
A12 $ 196,102,056.23 $ 191,869,637.90 $ 882.36 36157RDD4
SUP $ 403,024,950.33 $ 396,180,396.42 $ 905.47 GEC98002S
M $ 7,866,111.81 $ 7,860,205.85 $ 996.35 36157RDF9
B1 $ 4,494,921.03 $ 4,491,546.20 $ 996.35 36157RDG7
B2 $ 2,247,460.51 $ 2,245,773.10 $ 996.35 36157RDH5
B3 $ 2,247,460.51 $ 2,245,773.10 $ 996.35 36157RDJ1
B4 $ 674,038.74 $ 673,532.67 $ 996.35 36157RDK8
B5 $ 1,573,439.55 $ 1,572,258.20 $ 996.35 36157RDL6
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 6 Principal Balance $ 1,323,894.13
-------- ------------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ------------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ------------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ------------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ------------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
------------------
E. Other Information:
1. Special Hazard Loss Amount: $ 4,508,007.00
-----------------
2. Bankruptcy Loss Amount: $ 173,734.00
-----------------
3. Fraud Loss Amount: $ 4,508,007.00
-----------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
--------------
Exhibit 99.5
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
June, 1998
Series 1998-03, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 225,706.52
-------------------
(b) Interest $ 1,859,853.13
-------------------
(c) Total $ 2,085,559.65
-------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 193,094.07
-------------------
(b) Interest $ 1,589,693.38
-------------------
(c) Total $ 1,782,787.45
-------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 32,612.45
-------------------
(b) Interest $ 270,159.75
-------------------
(c) Total $ 302,772.20
-------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 204,992.71
-------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 5,758,957.66
-------------------
(b) Interest $ 36,268.76
-------------------
(c) Total $ 5,795,226.42
-------------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
-------------------
(b) Interest $ 0.00
-------------------
(c) Total $ 0.00
-------------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
-------------------
(b) Interest $ 0.00
-------------------
(c) Total $ 0.00
-------------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
-------------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
-------------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
-------------------
(b) Interest $ 0.00
-------------------
(c) Total $ 0.00
-------------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
-------------------
(b) Interest $ 0.00
-------------------
(c) Total $ 0.00
-------------------
12. Pool Scheduled Principal Balance: $ 291,903,493.65
------------------
13. Available Funds: $ 7,927,842.23
------------------
14. Realized Losses for prior month: $ 0.00
------------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
-------------------
17. Compensating Interest Payment: $ 3,936.03
-------------------
18. Total interest payments: $ 1,738,185.34
-------------------
19. Interest
Accrued Unpaid Class
Certificate Interest Interest
Class Interest Shortfalls Payable Pay-out Rate
- ----- -------- ---------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A1 $ 361,666.67 $ 0.00 $ 361,666.67 % 7.000000065
A2 $ 64,947.92 $ 0.00 $ 64,947.92 % 6.250000321
A3 $ 110,822.92 $ 0.00 $ 110,822.92 % 6.250000188
A4 $ 81,968.75 $ 0.00 $ 81,968.75 % 6.250000000
A5 $ 81,614.58 $ 0.00 $ 81,614.58 % 6.249999745
A6 $ 40,722.50 $ 0.00 $ 40,722.50 % 7.000000000
A7 $ 191,010.46 $ 0.00 $ 191,010.46 % 7.000000050
A8 $ 664,249.43 $ 0.00 $ 664,249.43 % 7.000000013
A9 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A10 $ 63,583.33 $ 0.00 $ 63,583.33 % 6.999999633
RL $ 0.00 $ 0.00 $ 0.00 % 0.000000000
M $ 31,947.72 $ 0.00 $ 31,947.72 % 7.000000767
B1 $ 18,256.67 $ 0.00 $ 18,256.67 % 7.000000441
B2 $ 9,131.24 $ 0.00 $ 9,131.24 % 6.999998115
B3 $ 9,131.24 $ 0.00 $ 9,131.24 % 6.999998115
B4 $ 2,739.37 $ 0.00 $ 2,739.37 % 6.999993079
B5 $ 6,392.54 $ 0.00 $ 6,392.54 % 6.999995912
20. Principal Distribution Amount: $ 6,189,656.89
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 115.99 $ 0.00
Class A1 $ 0.00 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 0.00 $ 0.00
Class A4 $ 0.00 $ 0.00
Class A5 $ 0.00 $ 0.00
Class A6 $ 0.00 $ 0.00
Class A7 $ 1,380,098.92 $ 0.00
Class A8 $ 4,799,370.28 $ 0.00
Class A9 $ 0.00 $ 0.00
Class A10 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class RL $ 0.00 $ 0.00
Class M $ 4,146.56 $ 0.00
Class B1 $ 2,369.57 $ 0.00
Class B2 $ 1,185.16 $ 0.00
Class B3 $ 1,185.16 $ 0.00
Class B4 $ 355.55 $ 0.00
Class B5 $ 829.70 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
------------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
------------------
24. Subordinate Certificate Writedown Amount: $ 0.00
------------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
------------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied: Yes No
--- --
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 64,476.87
-----------------
3. Supplemental Servicing Fee amount: $ 96,392.62
-----------------
4. Credit Losses for prior month: $ 0.00
-----------------
Category Category Category
A B C
5. Senior Percentage: % 95.535644 N/A N/A N/A
----------- ---- ------ ------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ ------
8. Senior Prepayment Percentage:
%100.000000 N/A N/A N/A
----------- ---- ------ ------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ ------
11. Junior Percentage: % 4.464356
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Vice President,
Investor Operations
Exhibit 99.6
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
June, 1998
Series 1998-03, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.643264
------------------------
Weighted average maturity 352.83
------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
PO $ 0.96466205 $ 0.09888638 $ 0.00000000 % 0.00000000
A1 $ 0.00000000 $ 0.00000000 $ 5.83333339 % 7.00000006
A2 $ 0.00000000 $ 0.00000000 $ 5.20833360 % 6.25000032
A3 $ 0.00000000 $ 0.00000000 $ 5.20833349 % 6.25000019
A4 $ 0.00000000 $ 0.00000000 $ 5.20833333 % 6.25000000
A5 $ 0.00000000 $ 0.00000000 $ 5.20833312 % 6.24999974
A6 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
A7 $ 39.99475237 $ 38.59979482 $ 5.53541195 % 7.00000005
A8 $ 39.99475233 $ 38.59979475 $ 5.53541192 % 7.00000001
A9 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
A10 $ 0.00000000 $ 0.00000000 $ 5.83333303 % 6.99999963
RL $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
M $ 0.75488076 $ 0.00000000 $ 5.81607865 % 7.00000077
B1 $ 0.75488054 $ 0.00000000 $ 5.81607837 % 7.00000044
B2 $ 0.75487898 $ 0.00000000 $ 5.81607643 % 6.99999812
B3 $ 0.75487898 $ 0.00000000 $ 5.81607643 % 6.99999812
B4 $ 0.75488323 $ 0.00000000 $ 5.81607219 % 6.99999308
B5 $ 0.75487941 $ 0.00000000 $ 5.81607427 % 6.99999591
2. Unanticipated Recoveries: $ 0.00
------------------
B. Accrual Amount
1.
Class Accrual Amount
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 64,476.87
------------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 291,903,493.65
------------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 979
------------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RDX0
PO $ 118,520.51 $ 118,404.52 $ 984.74 GEC9803PO
A1 $ 62,000,000.00 $ 62,000,000.00 $ 1,000.00 36157RDM4
A2 $ 12,470,000.00 $ 12,470,000.00 $ 1,000.00 36157RDN2
A3 $ 21,278,000.00 $ 21,278,000.00 $ 1,000.00 36157RDP7
A4 $ 15,738,000.00 $ 15,738,000.00 $ 1,000.00 36157RDQ5
A5 $ 15,670,000.00 $ 15,670,000.00 $ 1,000.00 36157RDR3
A6 $ 6,981,000.00 $ 6,981,000.00 $ 1,000.00 36157RDS1
A7 $ 32,744,650.05 $ 31,364,551.13 $ 908.93 36157RDT9
A8 $ 113,871,330.64 $ 109,071,960.36 $ 908.93 36157RDU6
A9 $ 0.00 $ 0.00 $ 0.00 36157RDV4
A10 $ 10,900,000.00 $ 10,900,000.00 $ 1,000.00 36157RDW2
SUP $ 288,762,175.01 $ 282,582,256.42 $ 928.50 GEC98003S
RL $ 0.00 $ 0.00 $ 0.00 36157RDY8
M $ 5,476,751.40 $ 5,472,604.85 $ 996.29 36157RDZ5
B1 $ 3,129,714.66 $ 3,127,345.09 $ 996.29 36157REA9
B2 $ 1,565,355.85 $ 1,564,170.69 $ 996.29 36157REB7
B3 $ 1,565,355.85 $ 1,564,170.69 $ 996.29 36157REC5
B4 $ 469,606.75 $ 469,251.21 $ 996.29 36157RED3
B5 $ 1,095,864.64 $ 1,095,034.94 $ 996.29 36157REE1
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 1 Principal Balance $ 295,990.22
-------- --------------------
2. 60-89 days
Number 1 Principal Balance $ 448,991.81
-------- --------------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- --------------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- --------------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- --------------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
--------------------
E. Other Information:
1. Special Hazard Loss Amount: $ 3,139,304.00
-------------------
2. Bankruptcy Loss Amount: $ 123,439.00
-------------------
3. Fraud Loss Amount: $ 3,139,304.00
-------------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
--------------
F. Ending Notional Component Balances (if applicable):
Class Ending Notional Balance
Class A7_1 $ 0.00
Class A7_2 $ 0.00
Class A8_1 $ 0.00
Class A8_2 $ 0.00
Ending Component Principal Balances (if applicable):
Class Ending Component Balance
Class A7_1 $ 5,664,201.31
Class A7_2 $ 25,700,349.82
Class A8_1 $ 19,697,573.17
Class A8_2 $ 89,374,387.19
Exhibit 99.7
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
June, 1998
Series 1998-04, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of February 1,
1998 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 447,181.73
------------------
(b) Interest $ 3,615,341.55
------------------
(c) Total $ 4,062,523.28
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 381,597.25
------------------
(b) Interest $ 3,105,005.31
------------------
(c) Total $ 3,486,602.56
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 65,584.48
------------------
(b) Interest $ 510,336.24
------------------
(c) Total $ 575,920.72
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 250,145.94
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 4,149,275.36
------------------
(b) Interest $ 23,608.29
------------------
(c) Total $ 4,172,883.65
------------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
------------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
------------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
12. Pool Scheduled Principal Balance: $ 574,373,753.55
-----------------
13. Available Funds: $ 8,103,512.40
-----------------
14. Realized Losses for prior month: $ 0.00
-----------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
------------------
17. Compensating Interest Payment: $ 3,979.21
------------------
18. Total interest payments: $ 3,256,909.42
------------------
19. Interest
Accrued Unpaid Class
Certificate Interest Interest
Class Interest Shortfalls Payable Pay-out Rate
- ----- -------- ---------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A1 $ 551,437.03 $ 0.00 $ 551,437.03 % 6.499999954
A2 $ 472,703.69 $ 0.00 $ 472,703.69 % 7.000000068
A3 $ 87,478.57 $ 0.00 $ 87,478.57 % 6.137500095
A4 $ 33,672.97 $ 0.00 $ 33,672.97 % 11.024985862
A5 $ 893,536.02 $ 0.00 $ 893,536.02 % 6.750000031
A6 $ 534,424.03 $ 0.00 $ 534,424.03 % 6.487499985
A7 $ 206,973.47 $ 0.00 $ 206,973.47 % 7.537500046
A8 $ 338,295.12 $ 0.00 $ 338,295.12 % 6.749999963
M $ 62,448.28 $ 0.00 $ 62,448.28 % 6.749999960
B1 $ 30,379.49 $ 0.00 $ 30,379.49 % 6.750000878
B2 $ 15,186.94 $ 0.00 $ 15,186.94 % 6.750001386
B3 $ 13,503.24 $ 0.00 $ 13,503.24 % 6.749999494
B4 $ 6,750.50 $ 0.00 $ 6,750.50 % 6.750001962
B5 $ 10,120.02 $ 0.00 $ 10,120.02 % 6.749998937
20. Principal Distribution Amount: $ 4,846,602.98
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 200.02 $ 0.00
Class A1 $ 1,355,875.67 $ 0.00
Class A2 $ 263,985.05 $ 0.00
Class A3 $ 899,204.04 $ 0.00
Class A4 $ 192,686.58 $ 0.00
Class A5 $ 2,115,658.59 $ 0.00
Class A6 $ 0.00 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A8 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 8,570.67 $ 0.00
Class B1 $ 4,169.41 $ 0.00
Class B2 $ 2,084.32 $ 0.00
Class B3 $ 1,853.24 $ 0.00
Class B4 $ 926.47 $ 0.00
Class B5 $ 1,388.92 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.05
------------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
------------------
24. Subordinate Certificate Writedown Amount: $ 0.00
------------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
------------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Certificate Interest
Class Rates
----- -----
Class A3 % 6.13750009
Class A4 % 11.02498586
Class A6 % 6.48749998
Class A7 % 7.53750005
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied: Yes No
--- --
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 127,119.99
-----------------
3. Supplemental Servicing Fee amount: $ 260,859.91
-----------------
4. Credit Losses for prior month: $ 0.00
-----------------
Category Category Category
A B C
5. Senior Percentage: % 95.750927 N/A N/A N/A
----------- ---- ------ -------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ -------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
----------- ---- ------ -------
8. Senior Prepayment Percentage:
%100.000000 N/A N/A N/A
----------- ---- ------ -------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ -------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
----------- ---- ------ -------
11. Junior Percentage: % 4.249073
-----------
12. Junior Prepayment Percentage:
% 0.000000
-----------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Vice President,
Investor Operations
Exhibit 99.8
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
June, 1998
Series 1998-04, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of February 1,
1998 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company") and State Street Bank (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
Weighted average coupon % 7.548371
----------------------
Weighted average maturity 353.65
----------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.50000000 % 0.00000000
PO $ 0.92307834 $ 0.04928745 $ 0.00000000 % 0.00000000
A1 $ 12.55196369 $ 11.43910360 $ 5.10490581 % 6.49999995
A2 $ 3.23297144 $ 2.94633539 $ 5.78910635 % 7.00000007
A3 $ 41.41125725 $ 37.73972552 $ 4.02867136 % 6.13750009
A4 $ 41.41125725 $ 37.73972491 $ 7.23683000 % 11.02498586
A5 $ 12.55196373 $ 11.43910366 $ 5.30124840 % 6.75000003
A6 $ 0.00000000 $ 0.00000000 $ 5.40624999 % 6.48749998
A7 $ 0.00000000 $ 0.00000000 $ 6.28125004 % 7.53750005
A8 $ 0.00000000 $ 0.00000000 $ 5.62499997 % 6.74999996
M $ 0.77025883 $ 0.00000000 $ 5.61231958 % 6.74999996
B1 $ 0.77025864 $ 0.00000000 $ 5.61232034 % 6.75000088
B2 $ 0.77025868 $ 0.00000000 $ 5.61232077 % 6.75000139
B3 $ 0.77025769 $ 0.00000000 $ 5.61231920 % 6.74999949
B4 $ 0.77026106 $ 0.00000000 $ 5.61232125 % 6.75000196
B5 $ 0.77026150 $ 0.00000000 $ 5.61231874 % 6.74999894
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Class Accrual Amount
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 127,119.99
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 574,373,753.55
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,889
-----------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157REP6
PO $ 214,240.54 $ 214,040.53 $ 987.78 GEC9804PO
A1 $ 101,803,760.10 $ 100,447,884.43 $ 929.89 36157REF8
A2 $ 81,034,917.50 $ 80,770,932.45 $ 989.19 36157REG6
A3 $ 17,103,752.73 $ 16,204,548.69 $ 746.27 36157REH4
A4 $ 3,665,089.87 $ 3,472,403.29 $ 746.27 36157REJ0
A5 $ 158,850,847.26 $ 156,735,188.68 $ 929.89 36157REK7
A6 $ 98,853,000.00 $ 98,853,000.00 $ 1,000.00 36157REL5
A7 $ 32,951,000.00 $ 32,951,000.00 $ 1,000.00 36157REM3
A8 $ 60,141,355.00 $ 60,141,355.00 $ 1,000.00 36157REN1
SUP $ 566,341,994.26 $ 561,507,743.39 $ 954.65 GEC98004S
M $ 11,101,916.51 $ 11,093,345.83 $ 996.98 36157REQ4
B1 $ 5,400,797.52 $ 5,396,628.11 $ 996.98 36157RER2
B2 $ 2,699,899.89 $ 2,697,815.57 $ 996.98 36157RES0
B3 $ 2,400,576.18 $ 2,398,722.94 $ 996.98 36157RET8
B4 $ 1,200,088.54 $ 1,199,162.07 $ 996.98 36157REU5
B5 $ 1,799,114.95 $ 1,797,726.03 $ 996.98 36157REV3
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 11 Principal Balance $ 3,429,538.14
-------- -------------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- -------------------
3. 90 days or more
Number 1 Principal Balance $ 273,561.61
-------- -------------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
----------------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
A3 % 6.13750009
A4 % 11.02498586
A6 % 6.48749998
A7 % 7.53750005
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
------------------
2. Bankruptcy Loss Amount: $ 0.00
------------------
3. Fraud Loss Amount: $ 0.00
------------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
--------------
Exhibit 99.9
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
JUNE 1998
Home Equity Loan Pass-Through Certificates,
Series 1998-HE1
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company"),
and The First National Bank of Chicago (the "Trustee"), governing the
Certificates referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
(1) Aggregate Monthly Payments Due: $ 1,412,936.76
(2) Aggregate Monthly Payments received and Monthly Advances made
this Month:
(a) Principal $ 212,685.09
(b) Interest $ 1,182,525.13
(c) Total $ 1,395,210.22
(3) Aggregate Principal Prepayments in part received on Self-
Amortizing Mortgage Loans and applied in the applicable
Prepayment Period:
(a) Principal $ 31,999.75
(c) Total $ 31,999.75
(4) Aggregate Principal Prepayments in full received in the
applicable Prepayment period:
(a) Principal $ 1,462,848.82
(b) Interest $ 11,314.86
(c) Total $ 1,474,163.68
(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 $ 26,658.88
(b) Interest $ 230.00
(c) Total $ 26,888.88
(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 $151,763,697.80
(11) Available Funds: $ 2,864,868.01
(12) Realized Losses for prior month: $ 0.00
(13) Aggregate Realized Losses: $ 0.00
(a) Deficient Valuations $ 0.00
(b) Special Hazard Losses $ 0.00
(c) Fraud Losses $ 0.00
(d) Excess Bankruptcy Losses $ 0.00
(e) Excess Special Hazard Losses $ 0.00
(f) Excess Fraud Losses $ 0.00
(14) Compensating Interest Payment: $ 978.07
(15) Net Simple Interest Shortfall: $ (0.00)
(16) Net Simple Interest Excess: $ 0.00
(17) Simple Interest Shortfall Payment: $ (0.00)
(18) Unpaid Net Simple Interest Shortfall:
Class A1 36158GAV0 $0.00
Class A2 36158GAW8 $0.00
Class A3 36158GAX6 $0.00
Class A4 36158GAY4 $0.00
Class A5 36158GAZ1 $0.00
Class A6 36158GBA5 $0.00
Class A7 36158GBB3 $0.00
Class S 36198HE1 $0.00
Class M 36158GBE7 $0.00
Class B1 36158GBF4 $0.00
Class B2 36158GBC2 $0.00
Class B3 36157REZ4 $0.00
Class B4 36157RFA8 $0.00
Class B5 36157RFB6 $0.00
(19) Class Certificate Interest Rate:
Class M 36158GBE7 6.950%
Class B1 36158GBF4 7.240%
Class B2 36158GBC2 7.590%
Class B3 36157REZ4 8.940%
Class B4 36157RFA8 8.940%
Class B5 36157RFB6 8.940%
Class S 36198HE1 2.34%
(20) Accrued Certificate Interest and Pay-out Rate:
Class A1 36158GAV0 $ 225,898.71 6.525%
Class A2 36158GAW8 $ 102,768.33 6.260%
Class A3 36158GAX6 $ 117,105.00 6.330%
Class A4 36158GAY4 $ 56,886.67 6.440%
Class A5 36158GAZ1 $ 70,197.50 6.530%
Class A6 36158GBA5 $ 103,348.17 6.940%
Class A7 36158GBB3 $ 76,540.21 6.465%
Class S 36198HE1 $ 296,063.30 2.34%
Class M 36158GBE7 $ 22,359.03 6.950%
Class B1 36158GBF4 $ 20,964.00 7.240%
Class B2 36158GBC2 $ 9,768.46 7.590%
Class B3 36157REZ4 $ 11,506.29 8.940%
Class B4 36157RFA8 $ 8,631.58 8.940%
Class B5 36157RFB6 $ 8,638.22 8.940%
Total $1,130,675.47
(21) Principal distributable:
Class A1 36158GAV0 $1,716,335.46
Class A2 36158GAW8 $ 0.00
Class A3 36158GAX6 $ 0.00
Class A4 36158GAY4 $ 0.00
Class A5 36158GAZ1 $ 0.00
Class A6 36158GBA5 $ 0.00
Class A7 36158GBB3 $ 0.00
Class M 36158GBE7 $ 5,410.26
Class B1 36158GBF4 $ 4,869.52
Class B2 36158GBC2 $ 2,164.39
Class B3 36157REZ4 $ 2,164.39
Class B4 36157RFA8 $ 1,623.64
Class B5 36157RFB6 $ 1,624.89
Class R1 36158GBC1 $ 0.00
Class R2 36158GBD9 $ 0.00
Total $1,734,192.54
(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: 91.603982%
(2) Senior Prepayment Percentage for such Distribution
Date: 100.000000%
(3) Junior Percentage for such Distribution Date: 8.396018%
(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/ Tim Neer
----------------------------------
Name: Tim Neer
Title: Vice President
of Investor Operations
Exhibit 99.10
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
JUNE 1998
Home Equity Loan Pass-Through Certificates,
Series 1998-HE1
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company"),
and The First National Bank of Chicago (the "Trustee"), governing the
Certificates referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
The amounts below are for a Single Certificate of $1,000:
(1) Amount of distribution allocable to principal:
Class A1 36158GAV0 $38.48285788
Class A2 36158GAW8 $ 0.00000000
Class A3 36158GAX6 $ 0.00000000
Class A4 36158GAY4 $ 0.00000000
Class A5 36158GAZ1 $ 0.00000000
Class A6 36158GBA5 $ 0.00000000
Class A7 36158GBB3 $ 0.00000000
Class M 36158GBE7 $ 1.39727904
Class B1 36158GBF4 $ 1.39727904
Class B2 36158GBC2 $ 1.39727904
Class B3 36157REZ4 $ 1.39727904
Class B4 36157RFA8 $ 1.39727904
Class B5 36157RFB6 $ 1.39727904
Class R1 36158GBC1 $ 0.00000000
Class R2 36158GBD9 $ 0.00000000
(2) Aggregate Principal prepayments included in distribution:
Class A1 36158GAV0 $1,521,507.45
Class A2 36158GAW8 $ 0.00000000
Class A3 36158GAX6 $ 0.00000000
Class A4 36158GAY4 $ 0.00000000
Class A5 36158GAZ1 $ 0.00000000
Class A6 36158GBA5 $ 0.00000000
Class A7 36158GBB3 $ 0.00000000
Class M 36158GBE7 $ 0.00000000
Class B1 36158GBF4 $ 0.00000000
Class B2 36158GBC2 $ 0.00000000
Class B3 36157REZ4 $ 0.00000000
Class B4 36157RFA8 $ 0.00000000
Class B5 36157RFB6 $ 0.00000000
Class R1 36158GBC1 $ 0.00000000
Class R2 36158GBD9 $ 0.00000000
(3) Amount of distribution allocable to interest Pay-out Rate:
Class A1 36158GAV0 $5.06499349 6.525%
Class A2 36158GAW8 $5.21666667 6.260%
Class A3 36158GAX6 $5.27500000 6.330%
Class A4 36158GAY4 $5.36666667 6.440%
Class A5 36158GAZ1 $5.44166667 6.530%
Class A6 36158GBA5 $5.78333333 6.940%
Class A7 36158GBB3 $5.38750000 6.465%
Class S 36198HE1 $1.95081766 2.34%
Class M 36158GBE7 $5.77454216 6.950%
Class B1 36158GBF4 $6.01549428 7.240%
Class B2 36158GBC2 $6.30629856 7.590%
Class B3 36157REZ4 $7.42820819 8.940%
Class B4 36157RFA8 $7.42820819 8.940%
Class B5 36157RFB6 $7.42820819 8.940%
(4) Servicing Compensation: $ 69,042.71
The amounts below are for the aggregate of all Certificates:
(5) Pool Principal Balance; $151,763,697.80
number of Mortgage Loans: 2,198
(6) Class Certificate Principal Balance of each Class; Certificate
Principal Balance of Single Certificate of each class:
Single
Certificate
Class Cusip# Class Balance Balance
----- ------ ------------- -------
Class A1 36158GAV0 $39,828,254.82 $893.01019779
Class A2 36158GAW8 $19,700,000.00 $1,000.00000000
Class A3 36158GAX6 $22,200,000.00 $1,000.00000000
Class A4 36158GAY4 $10,600,000.00 $1,000.00000000
Class A5 36158GAZ1 $12,900,000.00 $1,000.00000000
Class A6 36158GBA5 $17,870,000.00 $1,000.00000000
Class A7 36158GBB3 $14,207,000.00 $1,000.00000000
Class M 36158GBE7 $ 3,855,141.20 $ 995.64597177
Class B1 36158GBF4 $ 3,469,826.21 $ 995.64597177
Class B2 36158GBC2 $ 1,542,255.61 $ 995.64597177
Class B3 36157REZ4 $ 1,542,255.61 $ 995.64597177
Class B4 36157RFA8 $ 1,156,940.62 $ 995.64597177
Class B5 36157RFB6 $ 1,157,831.18 $ 995.64597177
Class R1 36158GBC1 $ 0.00 $ 0.00000000
Class R2 36158GBD9 $ 0.00 $ 0.00000000
(7) Book value of real estate acquired on behalf of Certificate-
holders; $ 0.00
number of related Mortgage Loans: 0
(8) Aggregate Scheduled Principal Balance and number of delinquent
Mortgage Loans:
One Payment Delinquent $137,199.34
4
Two Payments Delinquent $ 0.00
0
Three or more Payments Delinquent $ 0.00
0
TOTAL $137,199.34
4
In foreclosure $ 0.00
0
(9) Aggregate Scheduled Principal Balance and number of replaced
Mortgage Loans: $348,596.48
2
(10) Unpaid Net Simple Interest
Shortfall:
Class A1 36157NFF6 $0.00
Class A2 36157NFG4 $0.00
Class A3 36157NFH2 $0.00
Class A4 36157NFJ8 $0.00
Class A5 36157NFK5 $0.00
Class A6 36157NFL3 $0.00
Class A7 36157NFM1 $0.00
Class S 36197HE4 $0.00
Class M 36157NFQ2 $0.00
Class B1 36157NFR0 $0.00
Class B2 36157NFS8 $0.00
Class B3 36157NFT6 $0.00
Class B4 36157NFU3 $0.00
Class B5 36157NFV1 $0.00
(11) Class Certificate Interest Rate of:
Class M 36157NFQ2 6.950%
Class B1 36157NFR0 7.240%
Class B2 36157NFS8 7.590%
Class B3 36157NFT6 8.940%
Class B4 36157NFU3 8.940%
Class B5 36157NFV1 8.940%
Class S 36197HE4 2.34%
(12) Senior Percentage for such Distribution Date: 91.603982%
(13) Senior Prepayment Percentage for such Distribution
Date: 100.000000%
(14) Junior Percentage for such Distribution Date: 8.396018%
(15) Junior Prepayment Percentage for such Distribution
Date: 0.000000%
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
----------------------------------
Name: Tim Neer
Title: Vice President
of Investor Operations
Exhibit 99.11
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
June, 1998
Series 1998-05, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 335,428.91
------------------
(b) Interest $ 2,674,381.49
------------------
(c) Total $ 3,009,810.40
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 294,986.82
------------------
(b) Interest $ 2,371,355.76
------------------
(c) Total $ 2,666,342.58
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 40,442.09
------------------
(b) Interest $ 303,025.73
------------------
(c) Total $ 343,467.82
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 70,774.51
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 6,542,598.57
------------------
(b) Interest $ 39,346.87
------------------
(c) Total $ 6,581,945.44
------------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
------------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
------------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
12. Pool Scheduled Principal Balance: $ 426,880,845.59
-----------------
13. Available Funds: $ 9,387,171.40
-----------------
14. Realized Losses for prior month: $ 0.00
-----------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
------------------
17. Compensating Interest Payment: $ 5,536.72
------------------
18. Total interest payments: $ 2,438,369.41
------------------
19. Interest
Accrued Unpaid Class
Certificate Interest Interest
Class Interest Shortfalls Payable Pay-out Rate
- ----- -------- ---------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A1 $ 1,909,412.09 $ 0.00 $ 1,909,412.09 % 6.749999994
A2 $ 71,055.00 $ 0.00 $ 71,055.00 % 6.750000000
A3 $ 239,517.05 $ 0.00 $ 239,517.05 % 6.749999982
A4 $ 118,659.38 $ 0.00 $ 118,659.38 % 6.750000284
M $ 46,123.22 $ 0.00 $ 46,123.22 % 6.749999741
B1 $ 19,945.18 $ 0.00 $ 19,945.18 % 6.750000605
B2 $ 11,219.16 $ 0.00 $ 11,219.16 % 6.750000045
B3 $ 9,972.59 $ 0.00 $ 9,972.59 % 6.750000605
B4 $ 4,986.29 $ 0.00 $ 4,986.29 % 6.750001413
B5 $ 7,479.45 $ 0.00 $ 7,479.45 % 6.749998223
20. Principal Distribution Amount: $ 6,948,801.99
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 458.07 $ 0.00
Class A1 $ 6,934,639.40 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 0.00 $ 0.00
Class A4 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 6,338.34 $ 0.00
Class B1 $ 2,740.90 $ 0.00
Class B2 $ 1,541.76 $ 0.00
Class B3 $ 1,370.45 $ 0.00
Class B4 $ 685.23 $ 0.00
Class B5 $ 1,027.84 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
------------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
------------------
24. Subordinate Certificate Writedown Amount: $ 0.00
------------------
Accumulative
Class Supported Shortfall Supported Shortfall
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
------------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied: Yes No
--- --
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 93,798.37
----------------
3. Supplemental Servicing Fee amount: $ 185,400.14
----------------
4. Credit Losses for prior month: $ 0.00
----------------
Category A Category B Category C
5. Senior Percentage: % N/A N/A N/A N/A
---- ----- -------- --------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
---- ----- -------- --------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
---- ----- -------- --------
8. Senior Prepayment Percentage:
% N/A N/A N/A N/A
---- ----- -------- --------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
---- ----- -------- --------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
---- ----- -------- --------
11. Junior Percentage: % N/A
----
12. Junior Prepayment Percentage:
% N/A
----
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Vice President,
Investor Operations
Exhibit 99.12
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
June, 1998
Series 1998-05, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.514813
------------------------
Weighted average maturity 353.46
------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
PO $ 1.33693882 $ 0.33418363 $ 0.00000000 % 0.00000000
A1 $ 19.84159035 $ 18.92204628 $ 5.46326497 % 6.74999999
A2 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
A3 $ 0.00000000 $ 0.00000000 $ 5.62499999 % 6.74999998
A4 $ 0.00000000 $ 0.00000000 $ 5.62500024 % 6.75000028
M $ 0.77181255 $ 0.00000000 $ 5.61637275 % 6.74999974
B1 $ 0.77181144 $ 0.00000000 $ 5.61637347 % 6.75000060
B2 $ 0.77181351 $ 0.00000000 $ 5.61637300 % 6.75000005
B3 $ 0.77181144 $ 0.00000000 $ 5.61637347 % 6.75000060
B4 $ 0.77181794 $ 0.00000000 $ 5.61637417 % 6.75000141
B5 $ 0.77181227 $ 0.00000000 $ 5.61637147 % 6.74999822
2. Unanticipated Recoveries: $ 0.00
----------------
B. Accrual Amount
1.
Class Accrual Amount
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 93,798.37
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 426,880,845.59
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,374
-----------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36158GAK4
PO $ 341,752.83 $ 341,294.76 $ 996.11 GEC9805PO
A1 $ 339,451,038.50 $ 332,516,399.10 $ 951.41 36158GAF5
A2 $ 12,632,000.00 $ 12,632,000.00 $ 1,000.00 36158GAG3
A3 $ 42,580,809.00 $ 42,580,809.00 $ 1,000.00 36158GAH1
A4 $ 21,095,000.00 $ 21,095,000.00 $ 1,000.00 36158GAJ7
SUP $ 417,603,584.91 $ 410,678,576.89 $ 960.35 GEC98005S
M $ 8,199,683.87 $ 8,193,345.53 $ 997.69 36158GAL2
B1 $ 3,545,809.46 $ 3,543,068.55 $ 997.69 36158GAM0
B2 $ 1,994,517.32 $ 1,992,975.56 $ 997.69 36158GAN8
B3 $ 1,772,904.73 $ 1,771,534.28 $ 997.69 36157REW1
B4 $ 886,451.37 $ 885,766.14 $ 997.69 36157REX9
B5 $ 1,329,680.35 $ 1,328,652.51 $ 997.69 36157REY7
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 12 Principal Balance $ 3,518,131.26
-------- ----------------
2. 60-89 days
Number 1 Principal Balance $ 282,381.60
-------- ----------------
3. 90 days or more
Number 1 Principal Balance $ 461,250.00
-------- ----------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ----------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ----------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
--------------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-----------------
2. Bankruptcy Loss Amount: $ 0.00
-----------------
3. Fraud Loss Amount: $ 0.00
-----------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-------------
Exhibit 99.13
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
June, 1998
Series 1998-6A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 156,129.26
---------------
(b) Interest $ 1,238,244.78
---------------
(c) Total $ 1,394,374.04
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 129,233.48
---------------
(b) Interest $ 1,028,124.84
---------------
(c) Total $ 1,157,358.32
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 26,895.78
---------------
(b) Interest $ 210,119.94
---------------
(c) Total $ 237,015.72
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 134,385.83
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 1,725,167.26
---------------
(b) Interest $ 10,977.68
---------------
(c) Total $ 1,736,144.94
---------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
---------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
12. Pool Scheduled Principal Balance: $ 199,447,846.17
---------------
13. Available Funds: $ 3,147,892.51
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
---------------
17. Compensating Interest Payment: $ 1,356.38
---------------
18. Total interest payments: $ 1,132,211.16
---------------
19. Interest
Accrued Unpaid Class
Certificate Interest Interest
Class Interest Shortfalls Payable Pay-out Rate
- ----- -------- ---------- ------- ------------
1PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A1 $ 718,667.01 $ 0.00 $ 718,667.01 % 6.750000033
1A2 $ 182,835.00 $ 0.00 $ 182,835.00 % 6.750000000
1A3 $ 43,520.58 $ 0.00 $ 43,520.58 % 6.487499581
1A4 $ 16,854.79 $ 0.00 $ 16,854.79 % 7.537499022
1A5 $ 23,062.50 $ 0.00 $ 23,062.50 % 6.750000000
1A6 $ 101,700.00 $ 0.00 $ 101,700.00 % 6.750000000
1R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1M $ 21,078.30 $ 0.00 $ 21,078.30 % 6.750000420
1B1 $ 9,115.40 $ 0.00 $ 9,115.40 % 6.750003439
1B2 $ 5,127.76 $ 0.00 $ 5,127.76 % 6.749998799
1B3 $ 4,554.89 $ 0.00 $ 4,554.89 % 6.750000769
1B4 $ 2,278.57 $ 0.00 $ 2,278.57 % 6.750005851
1B5 $ 3,416.36 $ 0.00 $ 3,416.36 % 6.750003766
20. Principal Distribution Amount: $ 2,015,681.35
---------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 1PO $ 175.90 $ 0.00
Class 1A1 $ 2,009,227.69 $ 0.00
Class 1A2 $ 0.00 $ 0.00
Class 1A3 $ 0.00 $ 0.00
Class 1A4 $ 0.00 $ 0.00
Class 1A5 $ 0.00 $ 0.00
Class 1A6 $ 0.00 $ 0.00
Class SUP1 $ 0.00 $ 0.00
Class 1R $ 0.00 $ 0.00
Class 1M $ 2,903.68 $ 0.00
Class 1B1 $ 1,255.71 $ 0.00
Class 1B2 $ 706.38 $ 0.00
Class 1B3 $ 627.47 $ 0.00
Class 1B4 $ 313.89 $ 0.00
Class 1B5 $ 470.63 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
--------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
--------------
24. Subordinate Certificate Writedown Amount: $ 0.45
--------------
Accumulative
Class Supported Shortfall Supported Shortfall
1B1 $ 0.00 $ 0.00
1B2 $ 0.00 $ 0.00
1B3 $ 0.00 $ 0.00
1B4 $ 0.00 $ 0.00
1B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
--------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Certificate Interest
Class Rates
Class 1A3 % 6.48749958
Class 1A4 % 7.53749902
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied: Yes No
--- --
Class-1B1 X
Class-1B2 X
Class-1B3 X
Class-1B4 X
Class-1B5 X
2. Base Servicing Fee amount: $ 43,258.18
--------------
3. Supplemental Servicing Fee amount: $ 74,507.71
--------------
4. Credit Losses for prior month: $ 0.00
--------------
Category A Category B Category C
5. Senior Percentage: %N/A N/A N/A N/A
---- -------- -------- --------
6. Group I Senior Percentage:
%N/A N/A N/A N/A
---- -------- -------- --------
7. Group II Senior Percentage:
%N/A N/A N/A N/A
---- -------- -------- --------
8. Senior Prepayment Percentage:
%N/A N/A N/A N/A
---- -------- -------- --------
9. Group I Senior Prepayment
Percentage: %N/A N/A N/A N/A
---- -------- -------- --------
10. Group II Senior Prepayment
Percentage: %N/A N/A N/A N/A
---- -------- -------- --------
11. Junior Percentage: %N/A
----
12. Junior Prepayment Percentage:
%N/A
----
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
------------------------------------
Name: Tim Neer
Vice President,
Investor Operations
Exhibit 99.14
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
June, 1998
Series 1998-6A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.447884
---------------------
Weighted average maturity 354.88
---------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
1PO $ 0.96719031 $ 0.09105555 $ 0.00000000 % 0.00000000
1A1 $ 15.55900516 $ 14.39982290 $ 5.56519491 % 6.75000003
1A2 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1A3 $ 0.00000000 $ 0.00000000 $ 5.40624965 % 6.48749958
1A4 $ 0.00000000 $ 0.00000000 $ 6.28124918 % 7.53749902
1A5 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1A6 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
1M $ 0.77369571 $ 0.00000000 $ 5.61638689 % 6.75000042
1B1 $ 0.77369686 $ 0.00000000 $ 5.61638940 % 6.75000344
1B2 $ 0.77369113 $ 0.00000000 $ 5.61638554 % 6.74999880
1B3 $ 0.77369914 $ 0.00000000 $ 5.61638718 % 6.75000077
1B4 $ 0.77369978 $ 0.00000000 $ 5.61639142 % 6.75000585
1B5 $ 0.77370110 $ 0.00000000 $ 5.61638971 % 6.75000377
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Class Accrual Amount
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 43,258.18
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 199,447,846.17
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 642
-----------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
1PO $ 181,545.39 $ 181,369.04 $ 997.26 GEC986PO1
1A1 $ 127,763,023.37 $ 125,753,795.68 $ 973.81 36158GBH0
1A2 $ 32,504,000.00 $ 32,504,000.00 $ 1,000.00 36158GBJ6
1A3 $ 8,050,050.00 $ 8,050,050.00 $ 1,000.00 36158GBK3
1A4 $ 2,683,350.00 $ 2,683,350.00 $ 1,000.00 36158GBL1
1A5 $ 4,100,000.00 $ 4,100,000.00 $ 1,000.00 36158GBM9
1A6 $ 18,080,000.00 $ 18,080,000.00 $ 1,000.00 36158GBN7
SUP1 $ 193,059,597.93 $ 191,052,046.07 $ 982.62 GE986SUP1
1R $ 0.00 $ 0.00 $ 0.00 36158GCD8
1M $ 3,747,253.10 $ 3,744,349.42 $ 997.70 36158GBP2
1B1 $ 1,620,514.73 $ 1,619,259.02 $ 997.70 36158GBQ0
1B2 $ 911,601.94 $ 910,895.56 $ 997.70 36158GBR8
1B3 $ 809,758.13 $ 809,130.66 $ 997.70 36158GCE6
1B4 $ 405,078.76 $ 404,764.87 $ 997.70 36158GCF3
1B5 $ 607,352.55 $ 606,881.92 $ 997.70 36158GCG1
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- ---------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ---------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ---------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ---------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ---------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
--------------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
1A3 % 6.48749958
1A4 % 7.53749902
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
--------------
2. Bankruptcy Loss Amount: $ 0.00
--------------
3. Fraud Loss Amount: $ 0.00
--------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
------------
F. Ending Notional Component Balances (if applicable):
Class Ending Notional Balance
Class 1A5_1 $ 0.00
Class 1A5_2 $ 0.00
Ending Component Principal Balances (if applicable):
Class Ending Component Balance
Class 1A5_1 $ 1,780,000.00
Class 1A5_2 $ 2,320,000.00
Exhibit 99.15
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
June, 1998
Series 1998-6B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 251,619.99
-----------------
(b) Interest $ 2,006,977.02
-----------------
(c) Total $ 2,258,597.01
-----------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 226,593.27
-----------------
(b) Interest $ 1,807,988.76
-----------------
(c) Total $ 2,034,582.03
-----------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 25,026.72
-----------------
(b) Interest $ 198,988.26
-----------------
(c) Total $ 224,014.98
-----------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 62,224.47
-----------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 1,328,910.64
-----------------
(b) Interest $ 8,492.56
-----------------
(c) Total $ 1,337,403.20
-----------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
-----------------
(b) Interest $ 0.00
-----------------
(c) Total $ 0.00
-----------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
-----------------
(b) Interest $ 0.00
-----------------
(c) Total $ 0.00
-----------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
-----------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
-----------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
-----------------
(b) Interest $ 0.00
-----------------
(c) Total $ 0.00
-----------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
-----------------
(b) Interest $ 0.00
-----------------
(c) Total $ 0.00
-----------------
12. Pool Scheduled Principal Balance: $ 322,535,584.86
-----------------
13. Available Funds: $ 3,465,291.28
-----------------
14. Realized Losses for prior month: $ 0.00
-----------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
------------------
17. Compensating Interest Payment: $ 1,936.33
------------------
18. Total interest payments: $ 1,822,538.16
------------------
19. Interest
Accrued Unpaid Class
Certificate Interest Interest
Class Interest Shortfalls Payable Pay-out Rate
- ----- -------- ---------- ------- ------------
2PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2A1 $ 17,029.11 $ 0.00 $ 17,029.11 % 6.750001033
2A2 $ 446,302.61 $ 0.00 $ 446,302.61 % 6.749999989
2A3 $ 702,479.08 $ 0.00 $ 702,479.08 % 6.749999958
2A4 $ 123,238.13 $ 0.00 $ 123,238.13 % 6.750000274
2A5 $ 90,759.38 $ 0.00 $ 90,759.38 % 6.750000372
2A6 $ 134,502.09 $ 0.00 $ 134,502.09 % 6.487499819
2A7 $ 52,090.41 $ 0.00 $ 52,090.41 % 7.537500543
2A8 $ 182,812.50 $ 0.00 $ 182,812.50 % 6.750000000
2M $ 33,911.68 $ 0.00 $ 33,911.68 % 6.750000270
2B1 $ 14,664.36 $ 0.00 $ 14,664.36 % 6.750000967
2B2 $ 8,250.46 $ 0.00 $ 8,250.46 % 6.750002920
2B3 $ 7,332.18 $ 0.00 $ 7,332.18 % 6.750000967
2B4 $ 3,666.09 $ 0.00 $ 3,666.09 % 6.750000967
2B5 $ 5,500.08 $ 0.00 $ 5,500.08 % 6.750002140
20. Principal Distribution Amount: $ 1,642,753.12
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 2PO $ 161.52 $ 0.00
Class 2A1 $ 165,952.52 $ 0.00
Class 2A2 $ 635,407.06 $ 0.00
Class 2A3 $ 831,114.81 $ 0.00
Class 2A4 $ 0.00 $ 0.00
Class 2A5 $ 0.00 $ 0.00
Class 2A6 $ 0.00 $ 0.00
Class 2A7 $ 0.00 $ 0.00
Class 2A8 $ 0.00 $ 0.00
Class SUP2 $ 0.00 $ 0.00
Class 2M $ 4,679.06 $ 0.00
Class 2B1 $ 2,023.36 $ 0.00
Class 2B2 $ 1,138.38 $ 0.00
Class 2B3 $ 1,011.68 $ 0.00
Class 2B4 $ 505.84 $ 0.00
Class 2B5 $ 758.89 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
------------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
------------------
24. Subordinate Certificate Writedown Amount: $ 2.03
------------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
2B1 $ 0.00 $ 0.00
2B2 $ 0.00 $ 0.00
2B3 $ 0.00 $ 0.00
2B4 $ 0.00 $ 0.00
2B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
------------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Certificate Interest
Class Rates
Class 2A6 % 6.48749982
Class 2A7 % 7.53750054
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied: Yes No
--- --
Class-2B1 X
Class-2B2 X
Class-2B3 X
Class-2B4 X
Class-2B5 X
2. Base Servicing Fee amount: $ 70,602.45
-------------
3. Supplemental Servicing Fee amount: $ 123,994.04
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category A Category B Category C
5. Senior Percentage: % N/A N/A N/A N/A
---- ------- ------- --------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
---- ------- ------- --------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
---- ------- ------- --------
8. Senior Prepayment Percentage:
% N/A N/A N/A N/A
---- ------- ------- --------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
---- ------- ------- --------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
---- ------- ------- --------
11. Junior Percentage: % N/A
----
12. Junior Prepayment Percentage:
% N/A
--------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President,
Investor Operations
Exhibit 99.16
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
June, 1998
Series 1998-6B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.462975
-------------------------
Weighted average maturity 354.52
-------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
2PO $ 0.93976913 $ 0.06592115 $ 0.00000000 % 0.00000000
2A1 $ 51.06231385 $ 43.51302462 $ 5.23972615 % 6.75000103
2A2 $ 7.92327527 $ 6.75186134 $ 5.56521741 % 6.74999999
2A3 $ 6.59614929 $ 5.62094389 $ 5.57523079 % 6.74999996
2A4 $ 0.00000000 $ 0.00000000 $ 5.62500023 % 6.75000027
2A5 $ 0.00000000 $ 0.00000000 $ 5.62500031 % 6.75000037
2A6 $ 0.00000000 $ 0.00000000 $ 5.40624985 % 6.48749982
2A7 $ 0.00000000 $ 0.00000000 $ 6.28125045 % 7.53750054
2A8 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
2M $ 0.77493541 $ 0.00000000 $ 5.61637628 % 6.75000027
2B1 $ 0.77493681 $ 0.00000000 $ 5.61637687 % 6.75000097
2B2 $ 0.77493533 $ 0.00000000 $ 5.61637849 % 6.75000292
2B3 $ 0.77493681 $ 0.00000000 $ 5.61637687 % 6.75000097
2B4 $ 0.77493681 $ 0.00000000 $ 5.61637687 % 6.75000097
2B5 $ 0.77493654 $ 0.00000000 $ 5.61637783 % 6.75000214
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Class Accrual Amount
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 70,602.45
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 322,535,584.86
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,029
---------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
2PO $ 171,559.16 $ 171,395.62 $ 997.23 GEC986PO2
2A1 $ 3,027,396.87 $ 2,861,444.35 $ 880.44 36158GBS6
2A2 $ 79,342,686.35 $ 78,707,279.29 $ 981.45 36158GBT4
2A3 $ 124,885,170.56 $ 124,054,055.75 $ 984.56 36158GBU1
2A4 $ 21,909,000.00 $ 21,909,000.00 $ 1,000.00 36158GBV9
2A5 $ 16,135,000.00 $ 16,135,000.00 $ 1,000.00 36158GBW7
2A6 $ 24,879,000.00 $ 24,879,000.00 $ 1,000.00 36158GBX5
2A7 $ 8,293,000.00 $ 8,293,000.00 $ 1,000.00 36158GBY3
2A8 $ 32,500,000.00 $ 32,500,000.00 $ 1,000.00 36158GBZ0
SUP2 $ 314,675,922.39 $ 313,042,194.75 $ 987.92 GE986SUP2
2M $ 6,028,742.87 $ 6,024,063.81 $ 997.69 36158GCA4
2B1 $ 2,606,996.96 $ 2,604,973.60 $ 997.69 36158GCB2
2B2 $ 1,466,747.81 $ 1,465,609.43 $ 997.69 36158GCC0
2B3 $ 1,303,498.48 $ 1,302,486.80 $ 997.69 36158GCH9
2B4 $ 651,749.24 $ 651,243.40 $ 997.69 36158GCJ5
2B5 $ 977,791.69 $ 977,032.80 $ 997.69 36158GCK2
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 4 Principal Balance $ 1,227,176.95
-------- -------------
2. 60-89 days
Number 3 Principal Balance $ 839,507.34
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
-------------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
2A6 % 6.48749982
2A7 % 7.53750054
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-----------------
2. Bankruptcy Loss Amount: $ 0.00
-----------------
3. Fraud Loss Amount: $ 0.00
-----------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
--------------
F. Ending Notional Component Balances (if applicable):
Class Ending Notional Balance
Class N/A $ N/A
Ending Component Principal Balances (if applicable):
Class Ending Component Balance
Class N/A $ N/A
Exhibit 99.17
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
June, 1998
Series 1998-07, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 547,461.71
--------------
(b) Interest $ 1,002,369.60
--------------
(c) Total $ 1,549,831.31
--------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 380,732.60
--------------
(b) Interest $ 703,715.98
--------------
(c) Total $ 1,084,448.58
--------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 166,729.11
--------------
(b) Interest $ 298,653.62
--------------
(c) Total $ 465,382.73
--------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 167,826.57
--------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 860,020.42
--------------
(b) Interest $ 5,288.21
--------------
(c) Total $ 865,308.63
--------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
--------------
(b) Interest $ 0.00
--------------
(c) Total $ 0.00
--------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
--------------
(b) Interest $ 0.00
--------------
(c) Total $ 0.00
--------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
--------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
12. Pool Scheduled Principal Balance: $ 166,513,527.70
---------------
13. Available Funds: $ 2,484,216.53
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
--------------
17. Compensating Interest Payment: $ 927.52
--------------
18. Total interest payments: $ 908,907.84
--------------
19. Interest
Accrued Unpaid Class
Certificate Interest Interest
Class Interest Shortfalls Payable Pay-out Rate
- ----- -------- ---------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A $ 887,945.49 $ 0.00 $ 887,945.49 % 6.499999970
M $ 9,319.24 $ 0.00 $ 9,319.24 % 6.499998364
B1 $ 2,328.62 $ 0.00 $ 2,328.62 % 6.500000709
B2 $ 2,328.62 $ 0.00 $ 2,328.62 % 6.500000709
B3 $ 3,725.79 $ 0.00 $ 3,725.79 % 6.500000981
B4 $ 1,862.89 $ 0.00 $ 1,862.89 % 6.499983441
B5 $ 1,397.19 $ 0.00 $ 1,397.19 % 6.500021652
20. Principal Distribution Amount: $ 1,575,308.69
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 1,044.70 $ 0.00
Class A $ 1,561,660.75 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 5,603.03 $ 0.00
Class B1 $ 1,400.04 $ 0.00
Class B2 $ 1,400.04 $ 0.00
Class B3 $ 2,240.07 $ 0.00
Class B4 $ 1,120.03 $ 0.00
Class B5 $ 840.03 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
------------
24. Subordinate Certificate Writedown Amount: $ 0.00
------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied: Yes No
--- --
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 37,419.72
-------------
3. Supplemental Servicing Fee amount: $ 62,922.96
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category A Category B Category C
5. Senior Percentage: % N/A N/A N/A N/A
----- ---- -------- --------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
----- ---- -------- --------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
----- ---- -------- --------
8. Senior Prepayment Percentage:
% N/A N/A N/A N/A
----- ---- -------- --------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
----- ---- -------- --------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
----- ---- -------- --------
11. Junior Percentage: % N/A
-----
12. Junior Prepayment Percentage:
% N/A
-----
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President,
Investor Operations
Exhibit 99.18
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
June, 1998
Series 1998-07, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.201952
-----------------------
Weighted average maturity 174.70
-----------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
PO $ 3.56597932 $ 0.16346774 $ 0.00000000 % 0.00000000
A $ 9.24770978 $ 6.08633327 $ 5.25816006 % 6.49999997
M $ 3.23601282 $ 0.00000000 $ 5.38229853 % 6.49999836
B1 $ 3.23600928 $ 0.00000000 $ 5.38230046 % 6.50000071
B2 $ 3.23600928 $ 0.00000000 $ 5.38230046 % 6.50000071
B3 $ 3.23601982 $ 0.00000000 $ 5.38230068 % 6.50000098
B4 $ 3.23600537 $ 0.00000000 $ 5.38228623 % 6.49998344
B5 $ 3.23600111 $ 0.00000000 $ 5.38231776 % 6.50002165
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Class Accrual Amount
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 37,419.72
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 166,513,527.70
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 505
-----------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36158GAB4
PO $ 290,464.77 $ 289,420.07 $ 987.91 GEC9807PO
A $ 163,928,398.92 $ 162,366,738.17 $ 961.49 36158GAA6
SUP $ 157,892,835.58 $ 156,353,773.48 $ 960.91 GEC987SUP
M $ 1,720,475.51 $ 1,714,872.48 $ 990.42 36158GAC2
B1 $ 429,899.03 $ 428,498.99 $ 990.42 36158GAD0
B2 $ 429,899.03 $ 428,498.99 $ 990.42 36158GAE8
B3 $ 687,838.05 $ 685,597.99 $ 990.42 36158GAP3
B4 $ 343,919.03 $ 342,798.99 $ 990.42 36158GAQ1
B5 $ 257,941.91 $ 257,101.88 $ 990.42 36158GAR9
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- ------------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ------------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ------------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ------------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ------------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
---------------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
------------------
2. Bankruptcy Loss Amount: $ 0.00
------------------
3. Fraud Loss Amount: $ 0.00
------------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
--------------
Exhibit 99.19
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
June, 1998
Series 1998-08A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 391,909.20
----------------
(b) Interest $ 3,083,577.48
----------------
(c) Total $ 3,475,486.68
----------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 369,002.67
----------------
(b) Interest $ 2,904,843.84
----------------
(c) Total $ 3,273,846.51
----------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 22,906.53
----------------
(b) Interest $ 178,733.64
----------------
(c) Total $ 201,640.17
----------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 116,856.42
----------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 1,626,693.31
----------------
(b) Interest $ 10,211.40
----------------
(c) Total $ 1,636,904.71
----------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
----------------
(b) Interest $ 0.00
----------------
(c) Total $ 0.00
----------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
----------------
(b) Interest $ 0.00
----------------
(c) Total $ 0.00
----------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
----------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
----------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
----------------
(b) Interest $ 0.00
----------------
(c) Total $ 0.00
----------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
----------------
(b) Interest $ 0.00
----------------
(c) Total $ 0.00
----------------
12. Pool Scheduled Principal Balance: $ 497,380,610.75
---------------
13. Available Funds: $ 4,942,264.22
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
----------------
17. Compensating Interest Payment: $ 1,697.81
----------------
18. Total interest payments: $ 2,806,806.29
----------------
19. Interest
Accrued Unpaid Class
Certificate Interest Interest
Class Interest Shortfalls Payable Pay-out Rate
- ----- -------- ---------- ------- ------------
1PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A1 $ 1,122,151.92 $ 0.00 $ 1,122,151.92 % 6.749999999
1A2 $ 16,811.45 $ 0.00 $ 16,811.45 % 6.749998040
1A3 $ 1,250,466.98 $ 0.00 $ 1,250,466.98 % 6.750000022
1A4 $ 134,628.27 $ 0.00 $ 134,628.27 % 6.750000188
1A5 $ 163,125.00 $ 0.00 $ 163,125.00 % 6.750000000
1R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1M $ 59,106.45 $ 0.00 $ 59,106.45 % 6.749999996
1B1 $ 22,516.21 $ 0.00 $ 22,516.21 % 6.750000721
1B2 $ 12,663.26 $ 0.00 $ 12,663.26 % 6.750000516
1B3 $ 11,258.10 $ 0.00 $ 11,258.10 % 6.749997740
1B4 $ 5,631.86 $ 0.00 $ 5,631.86 % 6.749997341
1B5 $ 8,445.79 $ 0.00 $ 8,445.79 % 6.749997967
20. Principal Distribution Amount: $ 2,135,457.93
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 1PO $ 621.42 $ 0.00
Class 1A1 $ 884,528.93 $ 0.00
Class 1A2 $ 19,738.02 $ 0.00
Class 1A3 $ 1,213,888.01 $ 0.00
Class 1A4 $ 0.00 $ 0.00
Class 1A5 $ 0.00 $ 0.00
Class SUP1 $ 0.00 $ 0.00
Class 1R $ 0.00 $ 0.00
Class 1M $ 8,242.55 $ 0.00
Class 1B1 $ 3,139.94 $ 0.00
Class 1B2 $ 1,765.92 $ 0.00
Class 1B3 $ 1,569.97 $ 0.00
Class 1B4 $ 785.38 $ 0.00
Class 1B5 $ 1,177.79 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
-------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
-------------
24. Subordinate Certificate Writedown Amount: $ 0.70
-------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
1B1 $ 0.00 $ 0.00
1B2 $ 0.00 $ 0.00
1B3 $ 0.00 $ 0.00
1B4 $ 0.00 $ 0.00
1B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
--------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied: Yes No
--- --
Class-1B1 X
Class-1B2 X
Class-1B3 X
Class-1B4 X
Class-1B5 X
2. Base Servicing Fee amount: $ 107,521.95
--------------
3. Supplemental Servicing Fee amount: $ 181,870.90
--------------
4. Credit Losses for prior month: $ 0.00
--------------
Category A Category B Category C
5. Senior Percentage: % N/A N/A N/A N/A
---- ----- -------- --------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
---- ----- -------- --------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
---- ----- -------- --------
8. Senior Prepayment Percentage:
% N/A N/A N/A N/A
---- ----- -------- --------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
---- ----- -------- --------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
---- ----- -------- --------
11. Junior Percentage: % N/A
----
12. Junior Prepayment Percentage:
% N/A
----
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President,
Investor Operations
Exhibit 99.20
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
June, 1998
Series 1998-08A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.434847
-------------------------
Weighted average maturity 354.47
-------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
1PO $ 1.17473808 $ 0.24318224 $ 0.00000000 % 0.00000000
1A1 $ 4.42264465 $ 3.64020940 $ 5.61075960 % 6.75000000
1A2 $ 6.57934000 $ 5.41535000 $ 5.60381667 % 6.74999804
1A3 $ 5.44344399 $ 4.48041327 $ 5.60747525 % 6.75000002
1A4 $ 0.00000000 $ 0.00000000 $ 5.62500016 % 6.75000019
1A5 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
1R $ 0.00000000 $ 0.00000000 $ 10.00000000 % 0.00000000
1M $ 0.78381038 $ 0.00000000 $ 5.62062096 % 6.75000000
1B1 $ 0.78380929 $ 0.00000000 $ 5.62062157 % 6.75000072
1B2 $ 0.78380826 $ 0.00000000 $ 5.62062139 % 6.75000052
1B3 $ 0.78380929 $ 0.00000000 $ 5.62061907 % 6.74999774
1B4 $ 0.78381238 $ 0.00000000 $ 5.62061876 % 6.74999734
1B5 $ 0.78381172 $ 0.00000000 $ 5.62061928 % 6.74999797
2. Unanticipated Recoveries: $ 0.00
-------------
B. Accrual Amount
1.
Class Accrual Amount
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 107,521.95
----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 497,380,610.75
----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,639
----------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
1PO $ 528,461.83 $ 527,839.71 $ 997.83 GEC9881PO
1A1 $ 199,493,674.70 $ 198,609,145.77 $ 993.05 36157RFC4
1A2 $ 2,988,703.09 $ 2,968,965.08 $ 989.66 36157RFD2
1A3 $ 222,305,240.17 $ 221,091,352.16 $ 991.44 36157RFE0
1A4 $ 23,933,914.00 $ 23,933,914.00 $ 1,000.00 36157RFF7
1A5 $ 29,000,000.00 $ 29,000,000.00 $ 1,000.00 36157RFG5
SUP1 $ 475,341,783.11 $ 473,234,239.96 $ 993.05 GE988SUP1
1R $ 0.00 $ 0.00 $ 0.00 36157RFL4
1M $ 10,507,813.34 $ 10,499,570.79 $ 998.44 36157RFH3
1B1 $ 4,002,881.35 $ 3,999,741.40 $ 998.44 36157RFJ9
1B2 $ 2,251,246.05 $ 2,249,480.12 $ 998.44 36157RFK6
1B3 $ 2,001,440.67 $ 1,999,870.70 $ 998.44 36158GCL0
1B4 $ 1,001,219.95 $ 1,000,434.57 $ 998.44 36158GCM8
1B5 $ 1,501,474.23 $ 1,500,296.44 $ 998.44 36158GCN6
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- ---------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ---------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ---------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ---------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ---------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
---------------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
------------------
2. Bankruptcy Loss Amount: $ 0.00
------------------
3. Fraud Loss Amount: $ 0.00
------------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
--------------
Exhibit 99.21
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
June, 1998
Series 1998-08B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 133,508.04
----------------
(b) Interest $ 1,074,037.50
----------------
(c) Total $ 1,207,545.54
----------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 131,136.45
----------------
(b) Interest $ 1,055,025.79
----------------
(c) Total $ 1,186,162.24
----------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 2,371.59
----------------
(b) Interest $ 19,011.71
----------------
(c) Total $ 21,383.30
----------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 72,714.29
----------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 1,731,251.81
----------------
(b) Interest $ 10,657.17
----------------
(c) Total $ 1,741,908.98
----------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
----------------
(b) Interest $ 0.00
----------------
(c) Total $ 0.00
----------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
----------------
(b) Interest $ 0.00
----------------
(c) Total $ 0.00
----------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
----------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
----------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
----------------
(b) Interest $ 0.00
----------------
(c) Total $ 0.00
----------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
----------------
(b) Interest $ 0.00
----------------
(c) Total $ 0.00
----------------
12. Pool Scheduled Principal Balance: $ 172,951,740.30
---------------
13. Available Funds: $ 2,920,874.09
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
---------------
17. Compensating Interest Payment: $ 1,467.69
---------------
18. Total interest payments: $ 983,401.94
---------------
19. Interest
Accrued Unpaid Class
Certificate Interest Interest
Class Interest Shortfalls Payable Pay-out Rate
- ----- -------- ---------- ------- ------------
2PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2A1 $ 460,427.43 $ 0.00 $ 460,427.43 % 6.749999947
2A2 $ 88,229.17 $ 0.00 $ 88,229.17 % 7.000000264
2A3 $ 14,583.33 $ 0.00 $ 14,583.33 % 6.999998400
2A4 $ 16,041.67 $ 0.00 $ 16,041.67 % 7.000001455
2A5 $ 24,062.50 $ 0.00 $ 24,062.50 % 7.000000000
2A6 $ 25,211.49 $ 0.00 $ 25,211.49 % 7.000001157
2A7 $ 21,145.83 $ 0.00 $ 21,145.83 % 6.999998897
2A8 $ 21,145.83 $ 0.00 $ 21,145.83 % 6.999998897
2A9 $ 21,145.83 $ 0.00 $ 21,145.83 % 6.999998897
2A10 $ 21,145.83 $ 0.00 $ 21,145.83 % 6.999998897
2A11 $ 21,145.83 $ 0.00 $ 21,145.83 % 6.999998897
2A12 $ 58,587.58 $ 0.00 $ 58,587.58 % 6.200000335
2A13 $ 51,666.67 $ 0.00 $ 51,666.67 % 6.200000400
2A14 $ 98,437.50 $ 0.00 $ 98,437.50 % 6.750000000
2R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2M $ 19,222.86 $ 0.00 $ 19,222.86 % 6.750001389
2B1 $ 7,885.87 $ 0.00 $ 7,885.87 % 6.750002092
2B2 $ 3,945.74 $ 0.00 $ 3,945.74 % 6.749992869
2B3 $ 3,945.74 $ 0.00 $ 3,945.74 % 6.749992869
2B4 $ 1,967.25 $ 0.00 $ 1,967.25 % 6.749995432
2B5 $ 3,455.99 $ 0.00 $ 3,455.99 % 6.749991895
20. Principal Distribution Amount: $ 1,937,472.15
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class 2PO $ 88.87 $ 0.00
Class 2A1 $ 1,931,897.52 $ 0.00
Class 2A2 $ 0.00 $ 0.00
Class 2A3 $ 0.00 $ 0.00
Class 2A4 $ 0.00 $ 0.00
Class 2A5 $ 0.00 $ 0.00
Class 2A6 $ 0.00 $ 0.00
Class 2A7 $ 0.00 $ 0.00
Class 2A8 $ 0.00 $ 0.00
Class 2A9 $ 0.00 $ 0.00
Class 2A10 $ 0.00 $ 0.00
Class 2A11 $ 0.00 $ 0.00
Class 2A12 $ 0.00 $ 0.00
Class 2A13 $ 0.00 $ 0.00
Class 2A14 $ 0.00 $ 0.00
Class SUP2 $ 0.00 $ 0.00
Class 2R $ 0.00 $ 0.00
Class 2M $ 2,608.68 $ 0.00
Class 2B1 $ 1,070.17 $ 0.00
Class 2B2 $ 535.47 $ 0.00
Class 2B3 $ 535.47 $ 0.00
Class 2B4 $ 266.97 $ 0.00
Class 2B5 $ 469.00 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
-------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
-------------
24. Subordinate Certificate Writedown Amount: $ 1.69
-------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
2B1 $ 0.00 $ 0.00
2B2 $ 0.00 $ 0.00
2B3 $ 0.00 $ 0.00
2B4 $ 0.00 $ 0.00
2B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
-------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied: Yes No
--- --
Class-2B1 X
Class-2B2 X
Class-2B3 X
Class-2B4 X
Class-2B5 X
2. Base Servicing Fee amount: $ 35,138.65
----------
3. Supplemental Servicing Fee amount: $ 64,799.62
----------
4. Credit Losses for prior month: $ 0.00
----------
Category A Category B Category C
5. Senior Percentage: % N/A N/A N/A N/A
---- ----- -------- -------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
---- ----- -------- -------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
---- ----- -------- -------
8. Senior Prepayment Percentage:
% N/A N/A N/A N/A
---- ----- -------- -------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
---- ----- -------- -------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
---- ----- -------- -------
11. Junior Percentage: % N/A
----
12. Junior Prepayment Percentage:
% N/A
----
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President,
Investor Operations
Exhibit 99.22
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
June, 1998
Series 1998-08B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.448199
-------------------------
Weighted average maturity 355.96
-------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
2PO $ 1.41944449 $ 0.56078200 $ 0.00000000 % 0.00000000
2A1 $ 23.45970540 $ 21.90573891 $ 5.59113087 % 6.74999995
2A2 $ 0.00000000 $ 0.00000000 $ 5.83333355 % 7.00000026
2A3 $ 0.00000000 $ 0.00000000 $ 5.83333200 % 6.99999840
2A4 $ 0.00000000 $ 0.00000000 $ 5.83333455 % 7.00000145
2A5 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
2A6 $ 0.00000000 $ 0.00000000 $ 5.83333430 % 7.00000116
2A7 $ 0.00000000 $ 0.00000000 $ 5.83333241 % 6.99999890
2A8 $ 0.00000000 $ 0.00000000 $ 5.83333241 % 6.99999890
2A9 $ 0.00000000 $ 0.00000000 $ 5.83333241 % 6.99999890
2A10 $ 0.00000000 $ 0.00000000 $ 5.83333241 % 6.99999890
2A11 $ 0.00000000 $ 0.00000000 $ 5.83333241 % 6.99999890
2A12 $ 0.00000000 $ 0.00000000 $ 5.16666695 % 6.20000034
2A13 $ 0.00000000 $ 0.00000000 $ 5.16666700 % 6.20000040
2A14 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
2R $ 0.00000000 $ 0.00000000 $ 20.00000000 % 0.00000000
2M $ 0.76277193 $ 0.00000000 $ 5.62071930 % 6.75000139
2B1 $ 0.76277263 $ 0.00000000 $ 5.62071989 % 6.75000209
2B2 $ 0.76277778 $ 0.00000000 $ 5.62071225 % 6.74999287
2B3 $ 0.76277778 $ 0.00000000 $ 5.62071225 % 6.74999287
2B4 $ 0.76277143 $ 0.00000000 $ 5.62071429 % 6.74999543
2B5 $ 0.76276657 $ 0.00000000 $ 5.62071138 % 6.74999189
2. Unanticipated Recoveries: $ 0.00
-----------------
B. Accrual Amount
1.
Class Accrual Amount
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 35,138.65
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 172,951,740.30
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 545
-----------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
2PO $ 62,555.72 $ 62,465.16 $ 997.70 GEC9882PO
2A1 $ 81,853,765.98 $ 79,921,868.46 $ 970.52 36157RFM2
2A2 $ 15,125,000.00 $ 15,125,000.00 $ 1,000.00 36157RFN0
2A3 $ 2,500,000.00 $ 2,500,000.00 $ 1,000.00 36157RFP5
2A4 $ 2,750,000.00 $ 2,750,000.00 $ 1,000.00 36157RFQ3
2A5 $ 4,125,000.00 $ 4,125,000.00 $ 1,000.00 36157RFR1
2A6 $ 4,321,969.00 $ 4,321,969.00 $ 1,000.00 36157RFS9
2A7 $ 3,625,000.00 $ 3,625,000.00 $ 1,000.00 36157RFT7
2A8 $ 3,625,000.00 $ 3,625,000.00 $ 1,000.00 36157RFU4
2A9 $ 3,625,000.00 $ 3,625,000.00 $ 1,000.00 36157RFV2
2A10 $ 3,625,000.00 $ 3,625,000.00 $ 1,000.00 36157RFW0
2A11 $ 3,625,000.00 $ 3,625,000.00 $ 1,000.00 36157RFX8
2A12 $ 11,339,531.00 $ 11,339,531.00 $ 1,000.00 36157RFY6
2A13 $ 10,000,000.00 $ 10,000,000.00 $ 1,000.00 36157RFZ3
2A14 $ 17,500,000.00 $ 17,500,000.00 $ 1,000.00 36157RGA7
SUP2 $ 170,490,370.72 $ 168,559,665.36 $ 985.80 GE988SUP2
2R $ 0.00 $ 0.00 $ 0.00 36157RGE9
2M $ 3,417,396.63 $ 3,414,787.96 $ 998.48 36157RGB5
2B1 $ 1,401,932.01 $ 1,400,861.84 $ 998.48 36157RGC3
2B2 $ 701,465.63 $ 700,930.16 $ 998.48 36157RGD1
2B3 $ 701,465.63 $ 700,930.16 $ 998.48 36158GCP1
2B4 $ 349,733.57 $ 349,466.60 $ 998.48 36158GCQ9
2B5 $ 614,398.96 $ 613,929.96 $ 998.48 36158GCR7
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- --------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- --------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- --------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- --------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- --------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
--------------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-----------------
2. Bankruptcy Loss Amount: $ 0.00
-----------------
3. Fraud Loss Amount: $ 0.00
-----------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-------------
Exhibit 99.23
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
June, 1998
Series 1998-09, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 590,002.37
-----------------
(b) Interest $ 4,608,881.75
-----------------
(c) Total $ 5,198,884.12
-----------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 553,879.61
-----------------
(b) Interest $ 4,323,174.46
-----------------
(c) Total $ 4,877,054.07
-----------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 36,122.76
-----------------
(b) Interest $ 285,707.29
-----------------
(c) Total $ 321,830.05
-----------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 183,977.19
-----------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 3,188,711.89
-----------------
(b) Interest $ 8,845.52
-----------------
(c) Total $ 3,197,557.41
-----------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
-----------------
(b) Interest $ 0.00
-----------------
(c) Total $ 0.00
-----------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
-----------------
(b) Interest $ 0.00
-----------------
(c) Total $ 0.00
-----------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
-----------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
-----------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
-----------------
(b) Interest $ 0.00
-----------------
(c) Total $ 0.00
-----------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 323,492.39
-----------------
(b) Interest $ 1,918.45
-----------------
(c) Total $ 325,410.84
-----------------
12. Pool Scheduled Principal Balance: $ 747,342,065.55
----------------
13. Available Funds: $ 8,509,497.10
----------------
14. Realized Losses for prior month: $ 0.00
----------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
---------------------------
(b) Deficient Valuations: $ 0.00
---------------------------
(c) Debt Service Reductions: $ 0.00
---------------------------
(d) Bankruptcy Losses: $ 0.00
---------------------------
(e) Special Hazard Losses: $ 0.00
---------------------------
(f) Fraud Losses: $ 0.00
---------------------------
(g) Excess Bankruptcy Losses: $ 0.00
---------------------------
(h) Excess Special Hazard Losses: $ 0.00
---------------------------
(i) Excess Fraud Losses: $ 0.00
---------------------------
16. Non-Credit Losses: $ 0.00
-----------------
17. Compensating Interest Payment: $ 4,568.98
-----------------
18. Total interest payments: $ 4,223,313.12
-----------------
19. Interest
Accrued Unpaid Class
Certificate Interest Interest
Class Interest Shortfalls Payable Pay-out Rate
- ----- -------- ---------- ------- ------------
R $ 0.56 $ 0.00 $ 0.56 % 6.840000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A1 $ 264,722.72 $ 0.00 $ 264,722.72 % 6.500000102
A2 $ 295,959.73 $ 0.00 $ 295,959.73 % 6.499999927
A3 $ 1,184,287.50 $ 0.00 $ 1,184,287.50 % 7.000000010
A4 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A5 $ 106,590.34 $ 0.00 $ 0.00 % 6.749999921
A6 $ 77,553.47 $ 0.00 $ 77,553.47 % 6.606249846
A7 $ 29,085.00 $ 0.00 $ 29,085.00 % 7.000000000
A8 $ 287,859.38 $ 0.00 $ 287,859.38 % 6.750000117
A10 $ 922,502.15 $ 0.00 $ 922,502.15 % 6.749999968
A11 $ 113,917.50 $ 0.00 $ 113,917.50 % 6.750000000
A12 $ 128,700.00 $ 0.00 $ 128,700.00 % 6.750000000
A13 $ 130,481.72 $ 0.00 $ 130,481.72 % 6.750000065
A14 $ 29,166.67 $ 0.00 $ 29,166.67 % 7.000000800
A15 $ 178,750.00 $ 0.00 $ 178,750.00 % 6.500000000
A9 $ 28,439.71 $ 0.00 $ 28,439.71 % 6.750000593
A16 $ 22,231.51 $ 0.00 $ 22,231.51 % 7.304464823
A17 $ 125,966.81 $ 0.00 $ 125,966.81 % 6.749999866
A18 $ 55,575.00 $ 0.00 $ 55,575.00 % 6.750000000
A19 $ 72,406.40 $ 0.00 $ 72,406.40 % 6.750000466
RL $ 0.56 $ 0.00 $ 0.56 % 6.720000000
M $ 78,215.63 $ 0.00 $ 78,215.63 % 6.750000431
B1 $ 33,823.13 $ 0.00 $ 33,823.13 % 6.750000998
B2 $ 19,023.75 $ 0.00 $ 19,023.75 % 6.750000000
B3 $ 16,914.38 $ 0.00 $ 16,914.38 % 6.750001995
B4 $ 8,454.38 $ 0.00 $ 8,454.38 % 6.750003992
B5 $ 12,685.11 $ 0.00 $ 12,685.11 % 6.749999332
20. Principal Distribution Amount: $ 4,286,183.98
----------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 100.00 $ 0.00
Class PO $ 1,163.29 $ 0.00
Class A1 $ 0.00 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 798,797.05 $ 0.00
Class A4 $ 29,585.08 $ 0.00
Class A5 $ 2,146,639.18 $ 106,590.34
Class A6 $ 0.00 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A8 $ 0.00 $ 0.00
Class A10 $ 1,391,909.10 $ 0.00
Class A11 $ 0.00 $ 0.00
Class A12 $ 0.00 $ 0.00
Class A13 $ 0.00 $ 0.00
Class A14 $ 0.00 $ 0.00
Class A15 $ 0.00 $ 0.00
Class A9 $ 0.00 $ 0.00
Class A16 $ 0.00 $ 0.00
Class A17 $ 0.00 $ 0.00
Class A18 $ 0.00 $ 0.00
Class A19 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class RL $ 100.00 $ 0.00
Class M $ 11,322.13 $ 0.00
Class B1 $ 4,896.08 $ 0.00
Class B2 $ 2,753.79 $ 0.00
Class B3 $ 2,448.45 $ 0.00
Class B4 $ 1,223.82 $ 0.00
Class B5 $ 1,836.24 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
-----------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.01
-----------------
24. Subordinate Certificate Writedown Amount: $ 0.00
-----------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
-----------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Certificate Interest
Class Rates
----- -----
Class A6 % 6.60624985
Class A16 % 7.30446482
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied: Yes No
--- --
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 47,418.49
-----------
3. Supplemental Servicing Fee amount: $ 250,290.70
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category A Category B Category C
5. Senior Percentage: % N/A N/A N/A N/A
---- ------ -------- -------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
---- ------ -------- -------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
---- ------ -------- -------
8. Senior Prepayment Percentage:
% N/A N/A N/A N/A
---- ------ -------- -------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
---- ------ -------- -------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
---- ------ -------- -------
11. Junior Percentage: % N/A
----
12. Junior Prepayment Percentage:
% N/A
----
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President,
Investor Operations
Exhibit 99.24
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
June, 1998
Series 1998-09, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.395212
-------------------------
Weighted average maturity 355.01
-------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
R $ 1000.00000000 $ 867.30000000 $ 5.70000000 % 6.84000000
PO $ 1.42378756 $ 0.50124108 $ 0.00000000 % 0.00000000
A1 $ 0.00000000 $ 0.00000000 $ 5.41666675 % 6.50000010
A2 $ 0.00000000 $ 0.00000000 $ 5.41666661 % 6.49999993
A3 $ 3.93455793 $ 3.41229245 $ 5.83333334 % 7.00000001
A4 $ 3.75010125 $ 3.25231942 $ 0.00000000 % 0.00000000
A5 $ 107.68919523 $ 98.27309253 $ 5.62499993 % 6.74999992
A6 $ 0.00000000 $ 0.00000000 $ 5.50520821 % 6.60624985
A7 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
A8 $ 0.00000000 $ 0.00000000 $ 5.62500010 % 6.75000012
A10 $ 8.48899408 $ 7.36218177 $ 5.62499997 % 6.74999997
A11 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
A12 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
A13 $ 0.00000000 $ 0.00000000 $ 5.62500005 % 6.75000006
A14 $ 0.00000000 $ 0.00000000 $ 5.83333400 % 7.00000080
A15 $ 0.00000000 $ 0.00000000 $ 5.41666667 % 6.50000000
A9 $ 0.00000000 $ 0.00000000 $ 5.62500049 % 6.75000059
A16 $ 0.00000000 $ 0.00000000 $ 6.08705402 % 7.30446482
A17 $ 0.00000000 $ 0.00000000 $ 5.62499989 % 6.74999987
A18 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
A19 $ 0.00000000 $ 0.00000000 $ 5.62500039 % 6.75000047
RL $ 1000.00000000 $ 867.30000000 $ 5.60000000 % 6.72000000
M $ 0.78481625 $ 0.00000000 $ 5.62500036 % 6.75000043
B1 $ 0.78481623 $ 0.00000000 $ 5.62500083 % 6.75000100
B2 $ 0.78481668 $ 0.00000000 $ 5.62500000 % 6.75000000
B3 $ 0.78481543 $ 0.00000000 $ 5.62500166 % 6.75000200
B4 $ 0.78481703 $ 0.00000000 $ 5.62500333 % 6.75000399
B5 $ 0.78481476 $ 0.00000000 $ 5.62499944 % 6.74999933
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Class Accrual Amount
----- --------------
A5 $ 106,590.34
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 47,418.49
---------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 747,342,065.55
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 2,441
-----------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
R $ 100.00 $ 0.00 $ 0.00 36158GDQ8
PO $ 817,032.00 $ 815,868.71 $ 998.58 GEC9809PO
A1 $ 48,871,886.00 $ 48,871,886.00 $ 1,000.00 36158GCS5
A2 $ 54,638,720.00 $ 54,638,720.00 $ 1,000.00 36158GCT3
A3 $ 203,020,714.00 $ 202,221,916.95 $ 996.07 36158GCU0
A4 $ 7,889,139.00 $ 7,859,553.92 $ 996.25 36158GCV8
A5 $ 18,949,394.00 $ 16,909,345.16 $ 892.31 36158GCW6
A6 $ 14,087,291.00 $ 14,087,291.00 $ 1,000.00 36158GCX4
A7 $ 4,986,000.00 $ 4,986,000.00 $ 1,000.00 36158GCY2
A8 $ 51,175,000.00 $ 51,175,000.00 $ 1,000.00 36158GCZ9
A10 $ 164,000,383.00 $ 162,608,473.90 $ 991.51 36158GDB1
A11 $ 20,252,000.00 $ 20,252,000.00 $ 1,000.00 36158GDC9
A12 $ 22,880,000.00 $ 22,880,000.00 $ 1,000.00 36158GDD7
A13 $ 23,196,750.00 $ 23,196,750.00 $ 1,000.00 36158GDE5
A14 $ 5,000,000.00 $ 5,000,000.00 $ 1,000.00 36158GDF2
A15 $ 33,000,000.00 $ 33,000,000.00 $ 1,000.00 36158GDG0
A9 $ 5,055,948.00 $ 5,055,948.00 $ 1,000.00 36158GDA3
A16 $ 3,652,261.00 $ 3,652,261.00 $ 1,000.00 36158GDH8
A17 $ 22,394,100.00 $ 22,394,100.00 $ 1,000.00 36158GDJ4
A18 $ 9,880,000.00 $ 9,880,000.00 $ 1,000.00 36158GDK1
A19 $ 12,872,248.00 $ 12,872,248.00 $ 1,000.00 36158GDL9
SUP $ 714,080,582.70 $ 709,844,019.07 $ 994.07 GEC98009S
RL $ 100.00 $ 0.00 $ 0.00 36158GDR6
M $ 13,905,000.00 $ 13,893,677.87 $ 999.22 36158GDM7
B1 $ 6,013,000.00 $ 6,008,103.92 $ 999.22 36158GDN5
B2 $ 3,382,000.00 $ 3,379,246.21 $ 999.22 36158GDP0
B3 $ 3,007,000.00 $ 3,004,551.55 $ 999.22 36158GDS4
B4 $ 1,503,000.00 $ 1,501,776.18 $ 999.22 36158GDT2
B5 $ 2,255,130.89 $ 2,253,294.65 $ 999.22 36158GDU9
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- ---------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ---------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ---------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ---------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ---------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
---------------
7. The Certificate Interest Rate applicable to the Interest Accrual
Period relating to such Distribution Date applicable to any floating
index certificate:
Certificate Interest
Class Rates
----- -----
A6 % 6.60624985
A16 % 7.30446482
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
----------------
2. Bankruptcy Loss Amount: $ 0.00
----------------
3. Fraud Loss Amount: $ 0.00
----------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
------------
F. Ending Notional Component Balances (if applicable):
Class Ending Notional Balance
----- -----------------------
Class A4_1 $ 0.00
Class A4_2 $ 0.00
Class A4_3 $ 0.00
Ending Component Principal Balances (if applicable):
Class Ending Component Balance
----- ------------------------
Class A4_1 $ 7,489,700.92
Class A4_2 $ 185,186.00
Class A4_3 $ 184,667.00
*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 99.25
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
JUNE, 1998
SERIES 1998-10A, REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 386,747.32
--------------
(b) Interest $ 3,089,175.30
--------------
(c) Total $ 3,475,922.62
--------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 322,473.74
--------------
(b) Interest $ 2,571,477.71
--------------
(c) Total $ 2,893,951.45
--------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 64,273.58
--------------
(b) Interest $ 517,697.59
--------------
(c) Total $ 581,971.17
--------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 179,414.37
--------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 3,228,719.93
--------------
(b) Interest $ 12,173.48
--------------
(c) Total $ 3,240,893.41
--------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
--------------
(b) Interest $ 0.00
--------------
(c) Total $ 0.00
--------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
--------------
(b) Interest $ 0.00
--------------
(c) Total $ 0.00
--------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
--------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
12. Pool Scheduled Principal Balance: $ 499,293,726.67
---------------
13. Available Funds: $ 6,621,190.09
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
---------------------------
(b) Deficient Valuations: $ 0.00
---------------------------
(c) Debt Service Reductions: $ 0.00
---------------------------
(d) Bankruptcy Losses: $ 0.00
---------------------------
(e) Special Hazard Losses: $ 0.00
---------------------------
(f) Fraud Losses: $ 0.00
---------------------------
(g) Excess Bankruptcy Losses: $ 0.00
---------------------------
(h) Excess Special Hazard Losses: $ 0.00
---------------------------
(i) Excess Fraud Losses: $ 0.00
---------------------------
16. Non-Credit Losses: $ 0.00
---------------
17. Compensating Interest Payment: $ 2,959.85
---------------
18. Total interest payments: $ 2,826,309.48
---------------
19. Interest
Accrued Unpaid Class
Certificate Interest Interest
Class Interest Shortfalls Payable Pay-out Rate
- ----- -------- ---------- ------- ------------
PO1 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A1 $ 554,404.96 $ 0.00 $ 554,404.96 % 6.650000020
1A2 $ 189,583.33 $ 0.00 $ 189,583.33 % 6.499999886
1A3 $ 152,160.00 $ 0.00 $ 152,160.00 % 6.400000000
1A4 $ 23,949.83 $ 0.00 $ 23,949.83 % 6.749999295
1A5 $ 1,125,250.00 $ 0.00 $ 1,125,250.00 % 7.000000000
1A6 $ 134,458.33 $ 0.00 $ 0.00 % 6.999999826
1A7 $ 76,696.67 $ 0.00 $ 0.00 % 7.000000304
1A8 $ 6,650.00 $ 0.00 $ 0.00 % 7.000000000
1A9 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A10 $ 449,949.38 $ 0.00 $ 449,949.38 % 6.750000075
1R $ 0.56 $ 0.00 $ 0.56 % 6.720000000
1RL $ 0.56 $ 0.00 $ 0.56 % 6.720000000
1M $ 52,351.88 $ 0.00 $ 52,351.88 % 6.750000645
1B1 $ 22,640.63 $ 0.00 $ 22,640.63 % 6.750001491
1B2 $ 12,735.00 $ 0.00 $ 12,735.00 % 6.750000000
1B3 $ 11,317.50 $ 0.00 $ 11,317.50 % 6.750000000
1B4 $ 5,658.75 $ 0.00 $ 5,658.75 % 6.750000000
1B5 $ 8,495.35 $ 0.00 $ 8,495.35 % 6.749996042
20. Principal Distribution Amount: $ 3,794,880.61
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class PO1 $ 581.00 $ 0.00
Class 1A1 $ 0.00 $ 0.00
Class 1A2 $ 0.00 $ 0.00
Class 1A3 $ 0.00 $ 0.00
Class 1A4 $ 0.00 $ 0.00
Class 1A5 $ 787,246.75 $ 0.00
Class 1A6 $ 3,074,421.79 $ 134,458.33
Class 1A7 $ 0.00 $ 76,696.67
Class 1A8 $ 0.00 $ 6,650.00
Class 1A9 $ 134,968.46 $ 0.00
Class 1A10 $ 0.00 $ 0.00
Class SUP1 $ 0.00 $ 0.00
Class 1R $ 0.00 $ 0.00
Class 1RL $ 0.00 $ 0.00
Class 1M $ 7,153.40 $ 0.00
Class 1B1 $ 3,093.63 $ 0.00
Class 1B2 $ 1,740.12 $ 0.00
Class 1B3 $ 1,546.43 $ 0.00
Class 1B4 $ 773.22 $ 0.00
Class 1B5 $ 1,160.81 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
----------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
----------------
24. Subordinate Certificate Writedown Amount: $ 0.04
----------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
1B1 $ 0.00 $ 0.00
1B2 $ 0.00 $ 0.00
1B3 $ 0.00 $ 0.00
1B4 $ 0.00 $ 0.00
1B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
---------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied: Yes No
--- --
Class-1B1 X
Class-1B2 X
Class-1B3 X
Class-1B4 X
Class-1B5 X
2. Base Servicing Fee amount: $ 28,134.21
------------
3. Supplemental Servicing Fee amount: $ 177,062.82
------------
4. Credit Losses for prior month: $ 0.00
------------
Category A Category B Category C
5. Senior Percentage: % N/A N/A N/A N/A
---- ---- -------- --------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
---- ---- -------- --------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
---- ---- -------- --------
8. Senior Prepayment Percentage:
% N/A N/A N/A N/A
---- ---- -------- --------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
---- ---- -------- --------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
---- ---- -------- --------
11. Junior Percentage: % N/A
----
12. Junior Prepayment Percentage:
% N/A
----
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President,
Investor Operations
Exhibit 99.26
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
June, 1998
Series 1998-10A, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.420712
-------------------------
Weighted average maturity 356.48
-------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
PO1 $ 0.91622748 $ 0.03524558 $ 0.00000000 % 0.00000000
1A1 $ 0.00000000 $ 0.00000000 $ 5.54166668 % 6.65000002
1A2 $ 0.00000000 $ 0.00000000 $ 5.41666657 % 6.49999989
1A3 $ 0.00000000 $ 0.00000000 $ 5.33333333 % 6.40000000
1A4 $ 0.00000000 $ 0.00000000 $ 5.62499941 % 6.74999930
1A5 $ 4.08111327 $ 3.68073701 $ 5.83333333 % 7.00000000
1A6 $ 127.54722169 $ 120.29530022 $ 5.83333319 % 6.99999983
1A7 $ 0.00000000 $ 0.00000000 $ 5.83333359 % 7.00000030
1A8 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
1A9 $ 15.82650797 $ 14.27385319 $ 0.00000000 % 0.00000000
1A10 $ 0.00000000 $ 0.00000000 $ 5.62500006 % 6.75000008
1R $ 0.00000000 $ 0.00000000 $ 5.60000000 % 6.72000000
1RL $ 0.00000000 $ 0.00000000 $ 5.60000000 % 6.72000000
1M $ 0.76860428 $ 0.00000000 $ 5.62500054 % 6.75000064
1B1 $ 0.76860373 $ 0.00000000 $ 5.62500124 % 6.75000149
1B2 $ 0.76860424 $ 0.00000000 $ 5.62500000 % 6.75000000
1B3 $ 0.76860338 $ 0.00000000 $ 5.62500000 % 6.75000000
1B4 $ 0.76860835 $ 0.00000000 $ 5.62500000 % 6.75000000
1B5 $ 0.76860311 $ 0.00000000 $ 5.62499670 % 6.74999604
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Class Accrual Amount
----- --------------
1A6 $ 134,458.33
1A7 $ 76,696.67
1A8 $ 6,650.00
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 28,134.21
----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 499,293,726.67
----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,618
---------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
PO1 $ 634,122.00 $ 633,540.96 $ 999.08 GEC9810P1
1A1 $ 100,043,000.00 $ 100,043,000.00 $ 1,000.00 36158GDV7
1A2 $ 35,000,000.00 $ 35,000,000.00 $ 1,000.00 36158GDW5
1A3 $ 28,530,000.00 $ 28,530,000.00 $ 1,000.00 36158GDX3
1A4 $ 4,257,748.00 $ 4,257,748.15 $ 1,000.00 36158GDY1
1A5 $ 192,900,000.00 $ 192,112,753.25 $ 995.92 36158GDZ8
1A6 $ 23,050,000.00 $ 20,110,036.54 $ 872.45 36158GEA2
1A7 $ 13,148,000.00 $ 13,224,696.67 $ 1,005.83 36158GEB0
1A8 $ 1,140,000.00 $ 1,146,650.00 $ 1,005.83 36158GEC8
1A9 $ 8,528,000.00 $ 8,393,031.54 $ 984.17 36158GED6
1A10 $ 79,991,000.00 $ 79,991,000.00 $ 1,000.00 36158GEE4
SUP1 $ 472,466,904.33 $ 468,699,543.12 $ 992.03 GEC9810S1
1R $ 100.00 $ 100.00 $ 1,000.00 36158GEF1
1RL $ 100.00 $ 100.00 $ 1,000.00 36158GEG9
1M $ 9,307,000.00 $ 9,299,846.60 $ 999.23 36157RGR0
1B1 $ 4,025,000.00 $ 4,021,906.37 $ 999.23 36157RGS8
1B2 $ 2,264,000.00 $ 2,262,259.88 $ 999.23 36157RGT6
1B3 $ 2,012,000.00 $ 2,010,453.57 $ 999.23 36157RHH1
1B4 $ 1,006,000.00 $ 1,005,226.78 $ 999.23 36157RHJ7
1B5 $ 1,510,285.33 $ 1,509,124.52 $ 999.23 36157RHK4
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- ----------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ----------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ----------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ----------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ----------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
----------------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
-------------------
2. Bankruptcy Loss Amount: $ 0.00
-------------------
3. Fraud Loss Amount: $ 0.00
-------------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
--------------
*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
June, 1998
Series 1998-10B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 487,031.40
------------------
(b) Interest $ 888,398.12
------------------
(c) Total $ 1,375,429.52
------------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 354,809.50
------------------
(b) Interest $ 651,604.92
------------------
(c) Total $ 1,006,414.42
------------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 132,221.90
------------------
(b) Interest $ 236,793.20
------------------
(c) Total $ 369,015.10
------------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 84,480.51
------------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 315,024.52
------------------
(b) Interest $ 1,827.54
------------------
(c) Total $ 316,852.06
------------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
------------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
------------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
------------------
(b) Interest $ 0.00
------------------
(c) Total $ 0.00
------------------
12. Pool Scheduled Principal Balance: $ 150,212,305.76
-----------------
13. Available Funds: $ 1,702,430.24
-----------------
14. Realized Losses for prior month: $ 0.00
-----------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
---------------------------
(b) Deficient Valuations: $ 0.00
---------------------------
---------------------------
(c) Debt Service Reductions: $ 0.00
---------------------------
---------------------------
(d) Bankruptcy Losses: $ 0.00
---------------------------
---------------------------
(e) Special Hazard Losses: $ 0.00
---------------------------
---------------------------
(f) Fraud Losses: $ 0.00
---------------------------
---------------------------
(g) Excess Bankruptcy Losses: $ 0.00
---------------------------
---------------------------
(h) Excess Special Hazard Losses: $
0.00
---------------------------
---------------------------
(i) Excess Fraud Losses: $ 0.00
---------------------------
16. Non-Credit Losses: $ 0.00
------------------
17. Compensating Interest Payment: $ 424.71
------------------
18. Total interest payments: $ 815,895.83
------------------
19. Interest
Accrued Unpaid Class
Certificate Interest Interest
Class Interest Shortfalls Payable Pay-out Rate
- ----- -------- ---------- ------- ------------
PO2 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2A1 $ 172,060.42 $ 0.00 $ 172,060.42 % 6.500000126
2A2 $ 162,147.92 $ 0.00 $ 162,147.92 % 6.500000134
2A3 $ 290,522.92 $ 0.00 $ 290,522.92 % 6.500000075
2A4 $ 4,333.33 $ 0.00 $ 0.00 % 6.499995000
2A5 $ 7,583.33 $ 0.00 $ 0.00 % 6.499997143
2A6 $ 109,145.83 $ 0.00 $ 109,145.83 % 6.499999801
2A7 $ 50,456.25 $ 0.00 $ 50,456.25 % 6.500000000
2R $ 0.54 $ 0.00 $ 0.54 % 6.480000000
2M $ 7,366.67 $ 0.00 $ 7,366.67 % 6.500002941
2B1 $ 4,089.58 $ 0.00 $ 4,089.58 % 6.499994702
2B2 $ 2,047.50 $ 0.00 $ 2,047.50 % 6.500000000
2B3 $ 3,271.67 $ 0.00 $ 3,271.67 % 6.500006623
2B4 $ 1,229.58 $ 0.00 $ 1,229.58 % 6.499982379
2B5 $ 1,640.29 $ 0.00 $ 1,640.29 % 6.500005564
20. Principal Distribution Amount: $ 886,534.41
------------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class PO2 $ 1,877.75 $ 0.00
Class 2A1 $ 0.00 $ 0.00
Class 2A2 $ 0.00 $ 0.00
Class 2A3 $ 455,124.72 $ 0.00
Class 2A4 $ 75,613.11 $ 4,333.33
Class 2A5 $ 258,064.73 $ 7,583.33
Class 2A6 $ 95,961.03 $ 0.00
Class 2A7 $ 0.00 $ 0.00
Class SUP2 $ 0.00 $ 0.00
Class 2R $ 0.00 $ 0.00
Class 2M $ 4,429.22 $ 0.00
Class 2B1 $ 2,458.87 $ 0.00
Class 2B2 $ 1,231.06 $ 0.00
Class 2B3 $ 1,967.09 $ 0.00
Class 2B4 $ 739.29 $ 0.00
Class 2B5 $ 986.23 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
------------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
------------------
24. Subordinate Certificate Writedown Amount: $ 0.00
------------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
2B1 $ 0.00 $ 0.00
2B2 $ 0.00 $ 0.00
2B3 $ 0.00 $ 0.00
2B4 $ 0.00 $ 0.00
2B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
------------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution
Triggers satisfied: Yes No
--- --
Class-2B1 X
Class-2B2 X
Class-2B3 X
Class-2B4 X
Class-2B5 X
2. Base Servicing Fee amount: $ 9,822.27
-------------
3. Supplemental Servicing Fee amount: $ 42,169.81
-------------
4. Credit Losses for prior month: $ 0.00
-------------
Category A Category B Category C
5. Senior Percentage: % N/A N/A N/A N/A
---- ----- -------- --------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
---- ----- -------- --------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
---- ----- -------- --------
8. Senior Prepayment Percentage:
% N/A N/A N/A N/A
---- ----- -------- --------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
---- ----- -------- --------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
---- ----- -------- --------
11. Junior Percentage: % N/A
----
12. Junior Prepayment Percentage:
% N/A
----
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
-------------------------------
Name: Tim Neer
Title: Vice President,
Investor Operations
Exhibit 99.28
GE CAPITAL MORTGAGE SERVICES, INC.
MONTHLY STATEMENT
June, 1998
Series 1998-10B, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank (the "Trustee"), governing the Certificates referred to above,
the Company hereby certifies to the Trustee:
Weighted average coupon % 7.074353
-------------------------
Weighted average maturity 176.35
-------------------------
A. Amount of distribution allocable to principal and interest:
The amounts below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
PO2 $ 3.97477109 $ 0.54617424 $ 0.00000000 % 0.00000000
2A1 $ 0.00000000 $ 0.00000000 $ 5.41666677 % 6.50000013
2A2 $ 0.00000000 $ 0.00000000 $ 5.41666678 % 6.50000013
2A3 $ 8.48559187 $ 3.88080861 $ 5.41666673 % 6.50000007
2A4 $ 89.09972500 $ 43.22621250 $ 5.41666250 % 6.49999500
2A5 $ 179.72269286 $ 84.67180714 $ 5.41666429 % 6.49999714
2A6 $ 4.71238263 $ 2.15516526 $ 5.41666650 % 6.49999980
2A7 $ 0.00000000 $ 0.00000000 $ 5.41666667 % 6.50000000
2R $ 0.00000000 $ 0.00000000 $ 5.40000000 % 6.48000000
2M $ 3.22261765 $ 0.00000000 $ 5.41666912 % 6.50000294
2B1 $ 3.22262252 $ 0.00000000 $ 5.41666225 % 6.49999470
2B2 $ 3.22261905 $ 0.00000000 $ 5.41666667 % 6.50000000
2B3 $ 3.22261589 $ 0.00000000 $ 5.41667219 % 6.50000662
2B4 $ 3.22259912 $ 0.00000000 $ 5.41665198 % 6.49998238
2B5 $ 3.22261380 $ 0.00000000 $ 5.41667130 % 6.50000556
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Class Accrual Amount
----- --------------
2A4 $ 4,333.33
2A5 $ 7,583.33
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 9,822.27
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 150,212,305.76
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 459
-----------------
3.
Beginning Aggregate Ending Aggregate Ending
Class Certificate Class Certificate Single Certificate
Class Principal Balance Principal Balance Balance Cusip
- ----- ----------------- ----------------- ------- -----
PO2 $ 471,919.00 $ 470,041.25 $ 996.02 GEC9810P2
2A1 $ 31,765,000.00 $ 31,765,000.00 $ 1,000.00 36158GEH7
2A2 $ 29,935,000.00 $ 29,935,000.00 $ 1,000.00 36158GEJ3
2A3 $ 53,635,000.00 $ 53,179,875.28 $ 991.51 36158GEK0
2A4 $ 800,000.00 $ 728,720.22 $ 910.90 36158GEL8
2A5 $ 1,400,000.00 $ 1,149,518.60 $ 820.28 36158GEM6
2A6 $ 20,150,000.00 $ 20,054,038.97 $ 995.29 36158GEN4
2A7 $ 9,315,000.00 $ 9,315,000.00 $ 1,000.00 36158GEP9
SUP2 $ 137,380,845.66 $ 136,550,722.06 $ 993.96 GEC9810S2
2R $ 100.00 $ 100.00 $ 1,000.00 36158GEQ7
2M $ 1,360,000.00 $ 1,355,570.78 $ 996.78 36157RHD0
2B1 $ 755,000.00 $ 752,541.13 $ 996.78 36157RHE8
2B2 $ 378,000.00 $ 376,768.94 $ 996.78 36157RHF5
2B3 $ 604,000.00 $ 602,032.91 $ 996.78 36157RHL2
2B4 $ 227,000.00 $ 226,260.71 $ 996.78 36157RHM0
2B5 $ 302,822.51 $ 301,836.28 $ 996.78 36157RHN8
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 0 Principal Balance $ 0.00
-------- -----------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- -----------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -----------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -----------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -----------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
-----------------
E. Other Information:
1. Special Hazard Loss Amount: $ 0.00
--------------------
2. Bankruptcy Loss Amount: $ 0.00
--------------------
3. Fraud Loss Amount: $ 0.00
--------------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-------------
*It has been the Company's experience that, with respect to the first
Distribution Date after the closing of a securitization containing a large
number of recently originated or acquired Mortgage Loans, the number of Mortgage
Loans 30-59 days delinquent may be inflated due to the borrowers sending monthly
payments to the wrong location or delays by the Company in inputting the
Mortgage Loans on its servicing system. It has also been the Company's
experience that for the majority of such Mortgage Loans the routing of
borrowers' monthly payments has corrected itself by the second Distribution
Date. However, the Company makes no assurances as to the level of delinquent
Mortgage Loans for future Distribution Dates.
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