GE CAPITAL MORTGAGE SERVICES INC
8-K, 1999-04-27
ASSET-BACKED SECURITIES
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IN ACCORDANCE WITH RULE 202 OF REGULATION S-T, THIS FORM 8-K IS BEING FILED IN
PAPER PURSUANT TO A CONTINUING HARDSHIP EXEMPTION.


                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 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) April 22, 1999


                       GE Capital Mortgage Services, Inc.
                  (as Seller and Servicer under the Pooling and
                 Servicing Agreement dated as of April 1, 1999,
                  providing for the issuance of REMIC Mortgage
                   Pass-Through Certificates, Series 1999-10)


                       GE Capital Mortgage Services, Inc.
- --------------------------------------------------------------------------------
               (Exact Name of Registrant as Specified in Charter)



New Jersey                            33-5042                    21-0627285
- --------------------------------------------------------------------------------
(State or Other Jurisdiction          (Commission           (IRS Employer of
 or Incorporation)                      File Number)         Identification No.)

Three Executive Campus
Cherry Hill, New Jersey                                        08002
- --------------------------------------------------------------------------------
(Address of Principal Executive Offices)                     (Zip Code)

Registrant's telephone number, including area code         (609) 661-6100



<PAGE>


Item 5. Other Events.

     Attached as Exhibit 1 to this Current Report are certain materials (the
"Computational Materials") furnished to the Registrant by Credit Suisse First
Boston Corporation ("CSFB" as an Underwriter) and attached as Exhibit 2 to this
Current Report are the Computational Materials furnished to the Registrant by
Bear, Stearns & Co. Inc. ("Bear, Stearns" as an Underwriter, and, together with
CSFB, the "Underwriters") in respect of certain classes of the Registrant's
REMIC Mortgage Pass-Through Certificates, Series 1999-10 (the "Series 1999-10
Certificates"). Certain classes of the Series 1999-10 Certificates are being
offered pursuant to a Prospectus dated April 22, 1999, as supplemented by a
related Prospectus Supplement dated April 22, 1999 (together, the "Prospectus"),
which are being filed with the Commission pursuant to Rule 424(b) under the
Securities Act of 1933, as amended (the "Act"), substantially concurrently with
the filing of this Current Report. The Certificates have been registered
pursuant to the Act under a Registration Statement on Form S-3 filed by the
Company and GE Capital Mortgage Funding Corporation (file nos. 333-68951 and
333-68951-01) (the "Registration Statement"). The Registrant hereby incorporates
the Computational Materials by reference in the Registration Statement.

     The Computational Materials were prepared solely by CSFB and Bear, Stearns,
as underwriters of certain classes of the Series 1999-10 Certificates, and the
Registrant did not prepare or participate in the preparation of the
Computational Materials.

     Any statement or information contained in the Computational Materials shall
be deemed to be modified or superseded for purposes of the Prospectus and the
Registration Statement by statements or information contained in the Prospectus.

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.

(c)  Exhibits.


Exhibit 1. Computational Materials (Credit Suisse First Boston Corporation)

Exhibit 2. Computational Materials (Bear, Stearns & Co. Inc.)






<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 hereunto duly authorized.

                                       GE Capital Mortgage Services, Inc.
                                       ----------------------------------
                                                    (Registrant)



Date: April 22, 1999                   By    /s/  Mary Kaplan
      --------------                      --------------------------
                                       Name: Mary Kaplan
                                       Title:  Vice President


<PAGE>


                                  EXHIBIT INDEX


The following exhibits are being filed herewith:


EXHIBIT NO.            DESCRIPTION                                  PAGE

  1              Computational Materials                                5
                 (Credit Suisse First Boston Corporation)

  2              Computational Materials
                 (Bear, Stearns & Co. Inc.)                             9





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