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Previous: HANCOCK JOHN INVESTMENT TRUST III, DEF 14A, 1999-10-07 |
Next: WORLD INTERNETWORKS INC, 8-K, 1999-10-07 |
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) September 27, 1999
GE CAPITAL MORTGAGE SERVICES, INC.
----------------------------------
(as Seller and Servicer under Pooling and
Servicing Agreements each providing for the
issuance of a Series of Mortgage Pass-Through Certificates)
GE Capital Mortgage Services, Inc.
----------------------------------
(formerly known as Travelers Mortgage Services, Inc.)
(Exact name of registrant as specified in its charter)
New Jersey 33-5042 21-0627285
---------- ------- ----------
(State or Other (Commission (I.R.S. Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
Three Executive Campus
Cherry Hill, New Jersey 08002
----------------------- -----
(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including
area code (609) 661-6100
Item 5. Other Events
- ------- ------------
On September 27, 1999 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 1999-01 $9,555,800.25
Series 1999-02 $3,760,893.88
Series 1999-03 $5,514,181.93
Series 1999-04 $2,179,844.52
Series 1999-05 $9,437,561.15
Series 1999-HE1 $12,872,720.94
Series 1999-06 $6,870,397.56
Series 1999-09 $4,508,592.84
Series 1999-10 $2,041,411.37
Series GEM99-1 $7,355,527.49
Series 1999-11 $9,569,998.93
Series 1999-12 $2,220,832.48
Series 1999-13 $4,346,980.39
Series 1999-14 $2,483,165.11
Series 1999-HE2 $4,728,637.73
Series 1999-15 $11,101,781.46
Series 1999-16 $2,242,879.25
Series 1999-17 $4,029,387.40
Series 1999-19 $5,396,501.37
$92,615,737.38
================
Item 7. Financial Statements and Exhibits
- ------- ---------------------------------
Attached as Exhibits to Item 7 are the "Servicer's Certificate" and the
"Distribution Date Statement" filed as part of this Report.
Series Exhibit No. Description
- ------ ----------- -----------
Series 1999-01 99.1 Servicer's Certificate
99.2 Distribution Date Statment
Series 1999-02 99.3 Servicer's Certificate
99.4 Distribution Date Statment
Series 1999-04 99.5 Servicer's Certificate
99.6 Distribution Date Statment
Series 1999-03 99.7 Servicer's Certificate
99.8 Distribution Date Statment
Series 1999-05 99.9 Servicer's Certificate
99.10 Distribution Date Statment
Series 1999-01 HE 99.11 Servicer's Certificate
99.12 Distribution Date Statment
Series 1999-06 99.13 Servicer's Certificate
99.14 Distribution Date Statment
Series 1999-10 99.15 Servicer's Certificate
99.16 Distribution Date Statment
Series GEM1999-01 99.17 Servicer's Certificate
99.18 Distribution Date Statment
Series 1999-09 99.19 Servicer's Certificate
99.20 Distribution Date Statment
Series 1999-11 99.21 Servicer's Certificate
99.22 Distribution Date Statment
Series 1999-12 99.23 Servicer's Certificate
99.24 Distribution Date Statment
Series 1999-13 99.25 Servicer's Certificate
99.26 Distribution Date Statment
Series 1999-14 99.27 Servicer's Certificate
99.28 Distribution Date Statment
Series 1999-02 HE 99.29 Servicer's Certificate
99.30 Distribution Date Statment
Series 1999-15 99.31 Servicer's Certificate
99.32 Distribution Date Statment
Series 1999-16 99.33 Servicer's Certificate
99.34 Distribution Date Statment
Series 1999-17 99.35 Servicer's Certificate
99.36 Distribution Date Statment
Series 1999-19 99.37 Servicer's Certificate
99.38 Distribution Date Statment
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 : September 27, 1999
<PAGE>
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
- ----------- -----------
99.1 Series 1999-01 Servicer's Certificate
99.2 Series 1999-01 Distribution Date Statement
99.3 Series 1999-02 Servicer's Certificate
99.4 Series 1999-02 Distribution Date Statement
99.5 Series 1999-04 Servicer's Certificate
99.6 Series 1999-04 Distribution Date Statement
99.7 Series 1999-03 Servicer's Certificate
99.8 Series 1999-03 Distribution Date Statement
99.9 Series 1999-05 Servicer's Certificate
99.10 Series 1999-05 Distribution Date Statement
99.11 Series 1999-01 HE Servicer's Certificate
99.12 Series 1999-01 HE Distribution Date Statement
99.13 Series 1999-06 Servicer's Certificate
99.14 Series 1999-06 Distribution Date Statement
99.15 Series 1999-10 Servicer's Certificate
99.16 Series 1999-10 Distribution Date Statement
99.17 Series GEM1999-01 Servicer's Certificate
99.18 Series GEM1999-01 Distribution Date Statement
99.19 Series 1999-09 Servicer's Certificate
99.20 Series 1999-09 Distribution Date Statement
99.21 Series 1999-11 Servicer's Certificate
99.22 Series 1999-11 Distribution Date Statement
99.23 Series 1999-12 Servicer's Certificate
99.24 Series 1999-12 Distribution Date Statement
99.25 Series 1999-13 Servicer's Certificate
99.26 Series 1999-13 Distribution Date Statement
99.27 Series 1999-14 Servicer's Certificate
99.28 Series 1999-14 Distribution Date Statement
99.29 Series 1999-02 HE Servicer's Certificate
99.30 Series 1999-02 HE Distribution Date Statement
99.31 Series 1999-15 Servicer's Certificate
99.32 Series 1999-15 Distribution Date Statement
99.33 Series 1999-16 Servicer's Certificate
99.34 Series 1999-16 Distribution Date Statement
99.35 Series 1999-17 Servicer's Certificate
99.36 Series 1999-17 Distribution Date Statement
99.37 Series 1999-19 Servicer's Certificate
99.38 Series 1999-19 Distribution Date Statement
Exhibit 99.01
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
September, 1999
Series 1999-01, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1999 (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 $ 579,205.77
---------------
(b) Interest $ 3,929,306.67
---------------
(c) Total $ 4,508,512.44
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 413,441.46
---------------
(b) Interest $ 2,789,600.47
---------------
(c) Total $ 3,203,041.93
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 165,764.31
---------------
(b) Interest $ 1,139,706.20
---------------
(c) Total $ 1,305,470.51
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 399,399.46
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 4,995,181.46
---------------
(b) Interest $ 29,416.23
---------------
(c) Total $ 5,024,597.69
---------------
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: $ 656,288,947.95
---------------
13. Available Funds: $ 9,562,550.35
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
---------------
17. Compensating Interest Payment: $ 5,256.49
---------------
18. Total interest payments: $ 3,588,763.66
---------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 %0.000000000
PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
A1 $ 363,828.80 $ 0.00 $ 363,828.80 %6.500000011
A2 $ 2,866,980.37 $ 0.00 $ 2,866,980.37 %6.499999989
A3 $ 7,583.33 $ 0.00 $ 7,583.33 %6.499997143
A4 $ 45,181.21 $ 0.00 $ 45,181.21 %6.500000360
A5 $ 40,997.96 $ 0.00 $ 40,997.96 %6.500000132
A6 $ 18,958.33 $ 0.00 $ 18,958.33 %6.499998857
A7 $ 14,000.00 $ 0.00 $ 14,000.00 %8.000000000
A8 $ 7,583.33 $ 0.00 $ 7,583.33 %6.499997143
A9 $ 7,583.33 $ 0.00 $ 7,583.33 %6.499997143
A10 $ 7,583.33 $ 0.00 $ 7,583.33 %6.499997143
A11 $ 7,583.33 $ 0.00 $ 7,583.33 %6.499997143
A12 $ 16,250.00 $ 0.00 $ 16,250.00 %6.500000000
A13 $ 22,000.00 $ 0.00 $ 22,000.00 %8.000000000
A14 $ 5,416.67 $ 0.00 $ 5,416.67 %6.500004000
A15 $ 5,416.67 $ 0.00 $ 5,416.67 %6.500004000
M $ 70,215.35 $ 0.00 $ 70,215.35 %6.499999597
B1 $ 30,363.40 $ 0.00 $ 30,363.40 %6.500000533
B2 $ 17,079.41 $ 0.00 $ 17,079.41 %6.499999971
B3 $ 17,079.41 $ 0.00 $ 17,079.41 %6.499999971
B4 $ 7,590.85 $ 0.00 $ 7,590.85 %6.500004000
B5 $ 9,488.58 $ 0.00 $ 9,488.58 %6.500002620
20. Principal Distribution Amount: $ 5,973,786.69
---------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 1,186.39 $ 0.00
Class A1 $ 58,731.17 $ 0.00
Class A2 $ 5,889,362.03 $ 0.00
Class A3 $ 0.00 $ 0.00
Class A4 $ 0.00 $ 0.00
Class A5 $ 0.00 $ 0.00
Class A6 $ 0.00 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A8 $ 0.00 $ 0.00
Class A9 $ 0.00 $ 0.00
Class A10 $ 0.00 $ 0.00
Class A11 $ 0.00 $ 0.00
Class A12 $ 0.00 $ 0.00
Class A13 $ 0.00 $ 0.00
Class A14 $ 0.00 $ 0.00
Class A15 $ 0.00 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 11,334.53 $ 0.00
Class B1 $ 4,901.42 $ 0.00
Class B2 $ 2,757.05 $ 0.00
Class B3 $ 2,757.05 $ 0.00
Class B4 $ 1,225.35 $ 0.00
Class B5 $ 1,531.70 $ 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: $ 141,095.58
------------
3. Supplemental Servicing Fee amount: $ 238,458.32
------------
4. Credit Losses for prior month: $ 0.00
------------
Category A Category B Category C
5. Senior Percentage: % 95.761686 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: % 4.238314
-----------
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
-------------------------------
Tim Neer
Vice President
Investor Operations
Exhibit 99.02
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
September, 1999
Series 1999-01, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1999 (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 % 7.179301
------------------------
Weighted average maturity 347.83
------------------------
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 $ 1.20089822 $ 0.21081691 $ 0.00000000 %0.00000000
A1 $ 0.86924420 $ 0.78832440 $ 5.38480798 %6.50000001
A2 $ 10.30902778 $ 9.34933861 $ 5.01850288 %6.49999999
A3 $ 0.00000000 $ 0.00000000 $ 5.41666429 %6.49999714
A4 $ 0.00000000 $ 0.00000000 $ 5.41666697 %6.50000036
A5 $ 0.00000000 $ 0.00000000 $ 5.41666678 %6.50000013
A6 $ 0.00000000 $ 0.00000000 $ 5.41666571 %6.49999886
A7 $ 0.00000000 $ 0.00000000 $ 6.66666667 %8.00000000
A8 $ 0.00000000 $ 0.00000000 $ 5.41666429 %6.49999714
A9 $ 0.00000000 $ 0.00000000 $ 5.41666429 %6.49999714
A10 $ 0.00000000 $ 0.00000000 $ 5.41666429 %6.49999714
A11 $ 0.00000000 $ 0.00000000 $ 5.41666429 %6.49999714
A12 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
A13 $ 0.00000000 $ 0.00000000 $ 6.66666667 %8.00000000
A14 $ 0.00000000 $ 0.00000000 $ 5.41667000 %6.50000400
A15 $ 0.00000000 $ 0.00000000 $ 5.41667000 %6.50000400
M $ 0.86924389 $ 0.00000000 $ 5.38480764 %6.49999960
B1 $ 0.86924415 $ 0.00000000 $ 5.38480842 %6.50000053
B2 $ 0.86924459 $ 0.00000000 $ 5.38480795 %6.49999997
B3 $ 0.86924459 $ 0.00000000 $ 5.38480795 %6.49999997
B4 $ 0.86924106 $ 0.00000000 $ 5.38481128 %6.50000400
B5 $ 0.86924637 $ 0.00000000 $ 5.38481015 %6.50000262
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 141,095.58
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 656,288,947.95
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 2,002
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RZY4
PO $ 967,903.68 $ 966,717.30 $ 978.54 GEC9901PO
A1 $ 67,168,393.73 $ 67,109,662.56 $ 993.25 36157RZH1
A2 $ 529,288,684.57 $ 523,399,322.55 $ 916.18 36157RZJ7
A3 $ 1,400,000.00 $ 1,400,000.00 $ 1,000.00 36157RZK4
A4 $ 8,341,146.00 $ 8,341,146.00 $ 1,000.00 36157RZL2
A5 $ 7,568,854.00 $ 7,568,854.00 $ 1,000.00 36157RZM0
A6 $ 3,500,000.00 $ 3,500,000.00 $ 1,000.00 36157RZN8
A7 $ 2,100,000.00 $ 2,100,000.00 $ 1,000.00 36157RZP3
A8 $ 1,400,000.00 $ 1,400,000.00 $ 1,000.00 36157RZQ1
A9 $ 1,400,000.00 $ 1,400,000.00 $ 1,000.00 36157RZR9
A10 $ 1,400,000.00 $ 1,400,000.00 $ 1,000.00 36157RZS7
A11 $ 1,400,000.00 $ 1,400,000.00 $ 1,000.00 36157RZT5
A12 $ 3,000,000.00 $ 3,000,000.00 $ 1,000.00 36157RZU2
A13 $ 3,300,000.00 $ 3,300,000.00 $ 1,000.00 36157RZV0
A14 $ 1,000,000.00 $ 1,000,000.00 $ 1,000.00 36157RZW8
A15 $ 1,000,000.00 $ 1,000,000.00 $ 1,000.00 36157RZX6
SUP $ 622,329,386.56 $ 616,400,848.00 $ 928.21 GEC991SUP
M $ 12,962,834.65 $ 12,951,500.12 $ 993.25 36157RZZ1
B1 $ 5,605,550.31 $ 5,600,648.89 $ 993.25 36157RA21
B2 $ 3,153,121.86 $ 3,150,364.81 $ 993.25 36157RA39
B3 $ 3,153,121.86 $ 3,150,364.81 $ 993.25 36157RA47
B4 $ 1,401,386.83 $ 1,400,161.48 $ 993.25 36157RA54
B5 $ 1,751,737.14 $ 1,750,205.44 $ 993.25 36157RA62
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 8 Principal Balance $ 2,551,770.05
-------- -------------
2. 60-89 days
Number 1 Principal Balance $ 366,814.53
-------- -------------
3. 90 days or more
Number 1 Principal Balance $ 335,451.82
-------- -------------
4. In Foreclosure
Number 1 Principal Balance $ 298,580.22
-------- -------------
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: $ 7,048,394.00
---------------
2. Bankruptcy Loss Amount: $ 234,320.00
---------------
3. Fraud Loss Amount: $ 7,048,394.00
---------------
4. Certificate Interest Rate of the Class S Certificate:% 0.00000000
------------
G.
Rounding Amount
Opening Reimbursement (Withdrawl) Closing
Class Balance Amount Balance
- ----- ------- ------ --------------- -------
A7_INT $ 42,000.00 $ 0.00 $ 0.00 $21,000.00
A13_INT $ 49,500.00 $ 0.00 $ 0.00 $16,500.00
A6 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A12 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A14 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A15 $ 999.99 $ 0.00 $ 0.00 $ 999.99
Exhibit 99.03
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
September, 1999
Series 1999-02, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of February 1, 1999
(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 $ 237,102.61
---------------
(b) Interest $ 1,643,083.92
---------------
(c) Total $ 1,880,186.53
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 220,623.08
---------------
(b) Interest $ 1,533,707.44
---------------
(c) Total $ 1,754,330.52
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 16,479.53
---------------
(b) Interest $ 109,376.48
---------------
(c) Total $ 125,856.01
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 64,243.04
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 1,960,239.15
---------------
(b) Interest $ 11,427.76
---------------
(c) Total $ 1,971,666.91
---------------
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: $ 275,190,433.04
---------------
13. Available Funds: $ 3,760,893.81
---------------
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: $ 999.69
--------------
18. Total interest payments: $ 1,499,309.01
--------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 %0.000000000
PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
A1 $ 1,184,898.47 $ 0.00 $ 1,184,898.47 %6.500000014
A2 $ 88,421.67 $ 0.00 $ 88,421.67 %6.500000245
A3 $ 148,010.42 $ 0.00 $ 148,010.42 %6.500000146
A4 $ 10,833.33 $ 0.00 $ 10,833.33 %6.499998000
M $ 33,174.33 $ 0.00 $ 33,174.33 %6.499999493
B1 $ 11,852.21 $ 0.00 $ 11,852.21 %6.499999577
B2 $ 7,109.17 $ 0.00 $ 7,109.17 %6.499999524
B3 $ 7,896.08 $ 0.00 $ 7,896.08 %6.499996683
B4 $ 3,163.82 $ 0.00 $ 3,163.82 %6.499992946
B5 $ 3,949.51 $ 0.00 $ 3,949.51 %6.499996057
20. Principal Distribution Amount: $ 2,261,584.80
---------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 685.43 $ 0.00
Class A1 $ 2,250,309.42 $ 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 $ 5,232.16 $ 0.00
Class B1 $ 1,869.30 $ 0.00
Class B2 $ 1,121.24 $ 0.00
Class B3 $ 1,245.35 $ 0.00
Class B4 $ 498.99 $ 0.00
Class B5 $ 622.91 $ 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: $ 56,359.98
----------
3. Supplemental Servicing Fee amount: $ 98,371.38
----------
4. Credit Losses for prior month: $ 0.00
----------
Category A Category B Category C
5. Senior Percentage: % 95.521595 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: % 4.478405
-----------
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
-------------------------------
Tim Neer
Vice President
Investor Operations
Exhibit 99.04
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
September, 1999
Series 1999-02, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of February 1, 1999
(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 % 7.15882
------------------------
Weighted average maturity 350.12
------------------------
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 $ 1.03680387 $ 0.07519297 $ 0.00000000 %0.00000000
A1 $ 9.60218464 $ 8.63835626 $ 5.05602198 %6.50000001
A2 $ 0.00000000 $ 0.00000000 $ 5.41666687 %6.50000025
A3 $ 0.00000000 $ 0.00000000 $ 5.41666679 %6.50000015
A4 $ 0.00000000 $ 0.00000000 $ 5.41666500 %6.49999800
M $ 0.85006661 $ 0.00000000 $ 5.38981803 %6.49999949
B1 $ 0.85006821 $ 0.00000000 $ 5.38981810 %6.49999958
B2 $ 0.85006823 $ 0.00000000 $ 5.38981804 %6.49999952
B3 $ 0.85006826 $ 0.00000000 $ 5.38981570 %6.49999668
B4 $ 0.85006814 $ 0.00000000 $ 5.38981261 %6.49999295
B5 $ 0.85007248 $ 0.00000000 $ 5.38981516 %6.49999606
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 56,359.98
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 275,190,433.04
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 814
----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RB38
PO $ 656,506.78 $ 655,821.35 $ 992.02 GEC9902PO
A1 $ 218,750,486.31 $ 216,500,176.89 $ 923.82 36157RA70
A2 $ 16,324,000.00 $ 16,324,000.00 $ 1,000.00 36157RA88
A3 $ 27,325,000.00 $ 27,325,000.00 $ 1,000.00 36157RA96
A4 $ 2,000,000.00 $ 2,000,000.00 $ 1,000.00 36157RB20
SUP $ 255,483,380.29 $ 253,246,559.16 $ 934.48 GEC992SUP
M $ 6,124,492.17 $ 6,119,260.01 $ 994.19 36157RB46
B1 $ 2,188,100.45 $ 2,186,231.15 $ 994.19 36157RB53
B2 $ 1,312,462.25 $ 1,311,341.02 $ 994.19 36157RB61
B3 $ 1,457,738.59 $ 1,456,493.24 $ 994.19 36157RC78
B4 $ 584,090.48 $ 583,591.49 $ 994.19 36157RC86
B5 $ 729,140.75 $ 728,517.84 $ 994.19 36157RC94
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 $ 783,641.89
-------- ------------
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: $ 4,830,806.00
---------------
2. Bankruptcy Loss Amount: $ 100,000.00
---------------
3. Fraud Loss Amount: $ 2,931,219.00
---------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.05
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
September, 1999
Series 1999-04, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of February 1, 1999
(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 $ 739,294.61
---------------
(b) Interest $ 1,178,782.33
---------------
(c) Total $ 1,918,076.94
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 565,302.42
---------------
(b) Interest $ 902,413.19
---------------
(c) Total $ 1,467,715.61
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 173,992.19
---------------
(b) Interest $ 276,369.14
---------------
(c) Total $ 450,361.33
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 100,614.78
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 265,205.10
---------------
(b) Interest $ 1,591.97
---------------
(c) Total $ 266,797.07
---------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
---------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
12. Pool Scheduled Principal Balance: $ 205,626,779.02
---------------
13. Available Funds: $ 2,179,844.54
---------------
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: $ 882.82
---------------
18. Total interest payments: $ 1,074,730.05
---------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 %0.000000000
PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
A1 $ 525,853.30 $ 0.00 $ 525,853.30 %6.249999970
A2 $ 154,593.13 $ 0.00 $ 154,593.13 %6.250000202
A3 $ 259,006.99 $ 0.00 $ 259,006.99 %6.250000035
A4 $ 112,253.19 $ 0.00 $ 112,253.19 %6.250000058
M $ 8,633.29 $ 0.00 $ 8,633.29 %6.249999472
B1 $ 2,877.76 $ 0.00 $ 2,877.76 %6.249992195
B2 $ 2,877.76 $ 0.00 $ 2,877.76 %6.249992195
B3 $ 5,179.97 $ 0.00 $ 5,179.97 %6.249994658
B4 $ 1,726.66 $ 0.00 $ 1,726.66 %6.250006598
B5 $ 1,728.00 $ 0.00 $ 1,728.00 %6.250001319
20. Principal Distribution Amount: $ 1,105,114.49
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 1,712.31 $ 0.00
Class A1 $ 543,797.43 $ 0.00
Class A2 $ 344,520.00 $ 0.00
Class A3 $ 122,207.18 $ 0.00
Class A4 $ 77,070.25 $ 0.00
Class SUP $ 0.00 $ 0.00
Class M $ 5,927.40 $ 0.00
Class B1 $ 1,975.80 $ 0.00
Class B2 $ 1,975.80 $ 0.00
Class B3 $ 3,556.44 $ 0.00
Class B4 $ 1,185.48 $ 0.00
Class B5 $ 1,186.40 $ 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: $ 44,559.67
----------
3. Supplemental Servicing Fee amount: $ 62,553.07
----------
4. Credit Losses for prior month: $ 0.00
----------
Category A Category B Category C
5. Senior Percentage: % 97.857746 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: % 2.142254
-----------
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
-------------------------------
Tim Neer
Vice President
Investor Operations
Exhibit 99.06
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
September, 1999
Series 1999-04, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of February 1, 1999
(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 % 6.855157
----------------------
Weighted average maturity 169.14
----------------------
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 $ 4.35106095 $ 0.76383886 $ 0.00000000 %0.00000000
A1 $ 4.92797787 $ 1.65619661 $ 4.76536534 %6.24999997
A2 $ 10.85136540 $ 3.64693093 $ 4.86922832 %6.25000020
A3 $ 2.15913746 $ 0.72564364 $ 4.57609523 %6.25000004
A4 $ 3.50319318 $ 1.17735455 $ 5.10241773 %6.25000006
M $ 3.50319149 $ 0.00000000 $ 5.10241726 %6.24999947
B1 $ 3.50319149 $ 0.00000000 $ 5.10241135 %6.24999220
B2 $ 3.50319149 $ 0.00000000 $ 5.10241135 %6.24999220
B3 $ 3.50319149 $ 0.00000000 $ 5.10241332 %6.24999466
B4 $ 3.50319149 $ 0.00000000 $ 5.10242317 %6.25000660
B5 $ 3.50318836 $ 0.00000000 $ 5.10241865 %6.25000132
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 44,559.67
------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 205,626,779.02
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 654
------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RC37
PO $ 383,723.70 $ 382,011.39 $ 970.71 GEC9904PO
A1 $ 100,963,834.09 $ 100,420,036.66 $ 910.02 36157RB79
A2 $ 29,681,880.00 $ 29,337,360.00 $ 924.04 36157RB87
A3 $ 49,729,341.80 $ 49,607,134.62 $ 876.45 36157RB95
A4 $ 21,552,612.28 $ 21,475,542.04 $ 976.16 36157RC29
SUP $ 191,576,526.95 $ 190,539,947.26 $ 907.12 GEC994SUP
M $ 1,657,591.82 $ 1,651,664.42 $ 976.16 36157RC45
B1 $ 552,530.61 $ 550,554.81 $ 976.16 36157RC52
B2 $ 552,530.61 $ 550,554.81 $ 976.16 36157RC60
B3 $ 994,555.09 $ 990,998.65 $ 976.16 36158GEX2
B4 $ 331,518.37 $ 330,332.89 $ 976.16 36158GEY0
B5 $ 331,775.93 $ 330,589.53 $ 976.16 36158GEZ7
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 $ 339,211.93
-------- ------------
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: $ 4,095,254.00
----------------
2. Bankruptcy Loss Amount: $ 100,000.00
----------------
3. Fraud Loss Amount: $ 2,256,039.00
----------------
4. Certificate Interest Rate of the Class S Certificate: %0.00000000
-----------
Exhibit 99.07
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
September, 1999
Series 1999-03, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1999 (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 $ 410,964.96
---------------
(b) Interest $ 2,844,108.08
---------------
(c) Total $ 3,255,073.04
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 374,954.10
---------------
(b) Interest $ 2,600,805.76
---------------
(c) Total $ 2,975,759.86
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 36,010.86
---------------
(b) Interest $ 243,302.32
---------------
(c) Total $ 279,313.18
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 65,813.66
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 2,446,304.52
---------------
(b) Interest $ 14,333.86
---------------
(c) Total $ 2,460,638.38
---------------
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: $ 476,136,877.02
---------------
13. Available Funds: $ 5,682,815.27
---------------
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: $ 1,815.87
---------------
18. Total interest payments: $ 2,759,732.13
---------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 %0.000000000
PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
A1 $ 681,730.34 $ 0.00 $ 681,730.34 %6.500000047
A2 $ 29,553.33 $ 0.00 $ 29,553.33 %6.499999267
A3 $ 106,822.47 $ 0.00 $ 106,822.47 %6.088750232
A4 $ 51,075.66 $ 0.00 $ 51,075.66 %7.231169442
A5 $ 270,833.33 $ 0.00 $ 270,833.33 %6.499999920
A6 $ 16,250.00 $ 0.00 $ 16,250.00 %6.500000000
A7 $ 16,250.00 $ 0.00 $ 16,250.00 %6.500000000
A8 $ 10,833.33 $ 0.00 $ 10,833.33 %6.499998000
A9 $ 10,833.33 $ 0.00 $ 10,833.33 %6.499998000
A10 $ 13,843.13 $ 0.00 $ 13,843.13 %6.750002438
A11 $ 11,070.00 $ 0.00 $ 11,070.00 %6.750000000
A12 $ 11,070.00 $ 0.00 $ 11,070.00 %6.750000000
A13 $ 11,070.00 $ 0.00 $ 11,070.00 %6.750000000
A14 $ 8,313.75 $ 0.00 $ 8,313.75 %6.750000000
A15 $ 653,696.03 $ 0.00 $ 653,696.03 %6.499999987
A16 $ 391,105.47 $ 0.00 $ 391,105.47 %6.499999943
A17 $ 53,427.72 $ 0.00 $ 53,427.72 %6.499999550
A18 $ 135,416.67 $ 0.00 $ 135,416.67 %6.500000160
S $ 168,633.30 $ 0.00 $ 168,633.30 %0.446652225
M $ 49,903.34 $ 0.00 $ 49,903.34 %6.500000563
B1 $ 20,231.04 $ 0.00 $ 20,231.04 %6.500000541
B2 $ 12,138.30 $ 0.00 $ 12,138.30 %6.500000357
B3 $ 13,487.36 $ 0.00 $ 13,487.36 %6.500000558
B4 $ 5,395.16 $ 0.00 $ 5,395.16 %6.500000838
B5 $ 6,749.07 $ 0.00 $ 6,749.07 %6.499995899
20. Principal Distribution Amount: $ 2,923,083.14
---------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 810.41 $ 0.00
Class A1 $ 1,129,888.26 $ 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 $ 0.00 $ 0.00
Class A8 $ 0.00 $ 0.00
Class A9 $ 0.00 $ 0.00
Class A10 $ 0.00 $ 0.00
Class A11 $ 0.00 $ 0.00
Class A12 $ 0.00 $ 0.00
Class A13 $ 0.00 $ 0.00
Class A14 $ 0.00 $ 0.00
Class A15 $ 876,708.97 $ 0.00
Class A16 $ 585,602.53 $ 0.00
Class A17 $ 312,987.48 $ 0.00
Class A18 $ 0.00 $ 0.00
Class S $ 0.00 $ 0.00
Class M $ 7,901.66 $ 0.00
Class B1 $ 3,203.37 $ 0.00
Class B2 $ 1,921.97 $ 0.00
Class B3 $ 2,135.58 $ 0.00
Class B4 $ 854.27 $ 0.00
Class B5 $ 1,068.64 $ 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
--------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class A3 % 6.08875023
Class A4 % 7.23116944
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: $ 97,287.50
----------
3. Supplemental Servicing Fee amount: $ N/A
----------
4. Credit Losses for prior month: $ 0.00
----------
Category A Category B Category C
5. Senior Percentage: % 95.835579 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: % 4.164421
-----------
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
-------------------------------
Tim Neer
Vice President
Investor Operations
Exhibit 99.08
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
September, 1999
Series 1999-03, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1999 (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 % 7.162279
-------------------------
Weighted average maturity 349.64
-------------------------
A. Amount of distribution allocable to principal and interest: The amounts
below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
PO $ 1.14589184 $ 0.16707417 $ 0.00000000 %0.00000000
A1 $ 8.43200194 $ 7.29081716 $ 5.08753985 %6.50000005
A2 $ 0.00000000 $ 0.00000000 $ 5.41666606 %6.49999927
A3 $ 0.00000000 $ 0.00000000 $ 5.07395853 %6.08875023
A4 $ 0.00000000 $ 0.00000000 $ 6.02597453 %7.23116944
A5 $ 0.00000000 $ 0.00000000 $ 5.41666660 %6.49999992
A6 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
A7 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
A8 $ 0.00000000 $ 0.00000000 $ 5.41666500 %6.49999800
A9 $ 0.00000000 $ 0.00000000 $ 5.41666500 %6.49999800
A10 $ 0.00000000 $ 0.00000000 $ 5.62500203 %6.75000244
A11 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
A12 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
A13 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
A14 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
A15 $ 6.90322024 $ 5.96894031 $ 5.14721283 %6.49999999
A16 $ 7.66254750 $ 6.62550050 $ 5.11757393 %6.49999994
A17 $ 25.82618038 $ 22.33087218 $ 4.40859147 %6.49999955
A18 $ 0.00000000 $ 0.00000000 $ 5.41666680 %6.50000016
S $ 0.00000000 $ 0.00000000 $ 0.35582073 %0.44665223
M $ 0.85409501 $ 0.00000000 $ 5.39408096 %6.50000056
B1 $ 0.85409534 $ 0.00000000 $ 5.39408095 %6.50000054
B2 $ 0.85409501 $ 0.00000000 $ 5.39408079 %6.50000036
B3 $ 0.85409534 $ 0.00000000 $ 5.39408095 %6.50000056
B4 $ 0.85409918 $ 0.00000000 $ 5.39408118 %6.50000084
B5 $ 0.85409198 $ 0.00000000 $ 5.39407708 %6.49999590
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 97,287.50
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 476,136,877.02
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,386
-----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RG66
PO $ 703,248.52 $ 702,438.11 $ 993.22 GEC9903PO
A1 $ 125,857,908.02 $ 124,728,019.76 $ 930.81 36157RE43
A2 $ 5,456,000.00 $ 5,456,000.00 $ 1,000.00 36157RE50
A3 $ 21,053,083.00 $ 21,053,083.00 $ 1,000.00 36157RE68
A4 $ 8,475,917.00 $ 8,475,917.00 $ 1,000.00 36157RE76
A5 $ 50,000,000.00 $ 50,000,000.00 $ 1,000.00 36157RE84
A6 $ 3,000,000.00 $ 3,000,000.00 $ 1,000.00 36157RE92
A7 $ 3,000,000.00 $ 3,000,000.00 $ 1,000.00 36157RF26
A8 $ 2,000,000.00 $ 2,000,000.00 $ 1,000.00 36157RF34
A9 $ 2,000,000.00 $ 2,000,000.00 $ 1,000.00 36157RF42
A10 $ 2,461,000.00 $ 2,461,000.00 $ 1,000.00 36157RF59
A11 $ 1,968,000.00 $ 1,968,000.00 $ 1,000.00 36157RF67
A12 $ 1,968,000.00 $ 1,968,000.00 $ 1,000.00 36157RF75
A13 $ 1,968,000.00 $ 1,968,000.00 $ 1,000.00 36157RF83
A14 $ 1,478,000.00 $ 1,478,000.00 $ 1,000.00 36157RF91
A15 $ 120,682,344.24 $ 119,805,635.27 $ 943.35 36157RG25
A16 $ 72,204,087.40 $ 71,618,484.87 $ 937.12 36157RG33
A17 $ 9,863,579.76 $ 9,550,592.28 $ 788.07 36157RG41
A18 $ 25,000,000.00 $ 25,000,000.00 $ 1,000.00 36157RG58
S $ 453,059,334.86 $ 450,167,179.20 $ 949.86 GEC99003S
M $ 9,212,923.51 $ 9,205,021.85 $ 994.98 36157RG74
B1 $ 3,734,960.92 $ 3,731,757.55 $ 994.98 36157RG82
B2 $ 2,240,916.80 $ 2,238,994.83 $ 994.98 36157RG90
B3 $ 2,489,973.94 $ 2,487,838.37 $ 994.98 36157RM85
B4 $ 996,029.41 $ 995,175.15 $ 994.98 36157RM93
B5 $ 1,245,982.94 $ 1,244,914.30 $ 994.98 36157RN27
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 16 Principal Balance $ 5,280,807.36
-------- -------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- -------------
3. 90 days or more
Number 1 Principal Balance $ 804,692.37
-------- -------------
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 % 6.08875023
A4 % 7.23116944
E. Other Information:
1. Special Hazard Loss Amount: $ 6,352,015.00
---------------
2. Bankruptcy Loss Amount: $ 157,753.00
---------------
3. Fraud Loss Amount: $ 5,000,825.00
---------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
------------
Exhibit 99.09
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
September, 1999
Series 1999-05, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1999 (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 $ 644,786.32
---------------
(b) Interest $ 4,522,270.39
---------------
(c) Total $ 5,167,056.71
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 505,227.77
---------------
(b) Interest $ 3,558,250.23
---------------
(c) Total $ 4,063,478.00
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 139,558.55
---------------
(b) Interest $ 964,020.16
---------------
(c) Total $ 1,103,578.71
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 147,637.62
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 4,541,996.77
---------------
(b) Interest $ 27,037.86
---------------
(c) Total $ 4,569,034.63
---------------
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: $ 752,900,068.75
---------------
13. Available Funds: $ 9,731,206.26
---------------
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: $ 2,669.94
--------------
18. Total interest payments: $ 4,396,785.53
--------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 %0.000000000
PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
A1 $ 2,115,171.68 $ 0.00 $ 2,115,171.68 %6.499999999
A2 $ 330,834.91 $ 0.00 $ 330,834.91 %6.499999976
A3 $ 13,595.83 $ 0.00 $ 13,595.83 %6.499998406
A4 $ 17,988.75 $ 0.00 $ 17,988.75 %6.500000000
A5 $ 17,994.17 $ 0.00 $ 17,994.17 %6.500001204
A6 $ 12,545.00 $ 0.00 $ 12,545.00 %6.500000000
A7 $ 18,994.08 $ 0.00 $ 18,994.08 %6.499998859
A8 $ 93,178.70 $ 0.00 $ 93,178.70 %6.500000203
A9 $ 17,364.58 $ 0.00 $ 17,364.58 %6.249998800
A10 $ 27,083.33 $ 0.00 $ 27,083.33 %6.499999200
A11 $ 9,724.17 $ 0.00 $ 9,724.17 %7.000002400
A12 $ 21,379.58 $ 0.00 $ 21,379.58 %6.499998987
A13 $ 24,375.00 $ 0.00 $ 24,375.00 %6.500000000
A14 $ 7,583.33 $ 0.00 $ 7,583.33 %6.499997143
A15 $ 5,579.17 $ 0.00 $ 5,579.17 %6.500003883
A16 $ 26,406.46 $ 0.00 $ 26,406.46 %6.750001118
A17 $ 0.00 $ 0.00 $ 0.00 %0.000000000
A18 $ 24,721.88 $ 0.00 $ 24,721.88 %6.750001365
A19 $ 6,666.67 $ 0.00 $ 6,666.67 %8.000004000
A20 $ 22,110.00 $ 0.00 $ 22,110.00 %9.000000000
A21 $ 5,416.67 $ 0.00 $ 5,416.67 %6.500004000
A22 $ 5,833.33 $ 0.00 $ 5,833.33 %6.999996000
A23 $ 27,083.33 $ 0.00 $ 27,083.33 %6.750000312
A24 $ 0.00 $ 0.00 $ 0.00 %0.000000000
A25 $ 0.00 $ 0.00 $ 0.00 %0.000000000
A26 $ 53,175.41 $ 0.00 $ 53,175.41 %6.999999671
A27 $ 509,541.94 $ 0.00 $ 509,541.94 %6.499999974
A28 $ 88,188.75 $ 0.00 $ 88,188.75 %6.500000000
A29 $ 427,190.83 $ 0.00 $ 427,190.83 %6.499999949
S $ 286,253.13 $ 0.00 $ 286,253.13 %0.473170139
M $ 85,083.75 $ 0.00 $ 85,083.75 %6.499999975
B1 $ 31,907.08 $ 0.00 $ 31,907.08 %6.499999863
B2 $ 19,144.25 $ 0.00 $ 19,144.25 %6.500000546
B3 $ 23,398.17 $ 0.00 $ 23,398.17 %6.500001059
B4 $ 8,508.91 $ 0.00 $ 8,508.91 %6.499996575
B5 $ 12,762.69 $ 0.00 $ 12,762.69 %6.500000146
20. Principal Distribution Amount: $ 5,334,420.73
---------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 798.97 $ 0.00
Class A1 $ 3,407,223.17 $ 0.00
Class A2 $ 653,237.50 $ 0.00
Class A3 $ 0.00 $ 0.00
Class A4 $ 0.00 $ 0.00
Class A5 $ 0.00 $ 0.00
Class A6 $ 0.00 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A8 $ 274,028.39 $ 0.00
Class A9 $ 0.00 $ 0.00
Class A10 $ 0.00 $ 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 A16 $ 0.00 $ 0.00
Class A17 $ 0.00 $ 0.00
Class A18 $ 0.00 $ 0.00
Class A19 $ 0.00 $ 0.00
Class A20 $ 0.00 $ 0.00
Class A21 $ 0.00 $ 0.00
Class A22 $ 0.00 $ 0.00
Class A23 $ 0.00 $ 0.00
Class A24 $ 0.00 $ 0.00
Class A25 $ 0.00 $ 0.00
Class A26 $ 0.00 $ 0.00
Class A27 $ 970,751.05 $ 0.00
Class A28 $ 0.00 $ 0.00
Class A29 $ 0.00 $ 0.00
Class S $ 0.00 $ 0.00
Class M $ 13,355.93 $ 0.00
Class B1 $ 5,008.58 $ 0.00
Class B2 $ 3,005.15 $ 0.00
Class B3 $ 3,672.90 $ 0.00
Class B4 $ 1,335.68 $ 0.00
Class B5 $ 2,003.41 $ 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: $ 160,681.55
-----------
3. Supplemental Servicing Fee amount: $ N/A
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category A Category B Category C
5. Senior Percentage: % 95.593501 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: % 4.406499
-----------
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
-------------------------------
Tim Neer
Vice President
Investor Operations
Exhibit 99.10
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
September, 1999
Series 1999-05, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1999 (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 % 7.202733
-------------------------
Weighted average maturity 349.67
-------------------------
A. Amount of distribution allocable to principal and interest: The amounts
below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
PO $ 1.08070517 $ 0.13354447 $ 0.00000000 %0.00000000
A1 $ 8.31157756 $ 7.34696990 $ 5.15974816 %6.50000000
A2 $ 10.08004784 $ 8.91019875 $ 5.10508310 %6.49999998
A3 $ 0.00000000 $ 0.00000000 $ 5.41666534 %6.49999841
A4 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
A5 $ 0.00000000 $ 0.00000000 $ 5.41666767 %6.50000120
A6 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
A7 $ 0.00000000 $ 0.00000000 $ 5.41666572 %6.49999886
A8 $ 14.60238676 $ 12.90769317 $ 4.96529362 %6.50000020
A9 $ 0.00000000 $ 0.00000000 $ 5.20833233 %6.24999880
A10 $ 0.00000000 $ 0.00000000 $ 5.41666600 %6.49999920
A11 $ 0.00000000 $ 0.00000000 $ 5.83333533 %7.00000240
A12 $ 0.00000000 $ 0.00000000 $ 5.41666582 %6.49999899
A13 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
A14 $ 0.00000000 $ 0.00000000 $ 5.41666429 %6.49999714
A15 $ 0.00000000 $ 0.00000000 $ 5.41666990 %6.50000388
A16 $ 0.00000000 $ 0.00000000 $ 5.62500093 %6.75000112
A17 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
A18 $ 0.00000000 $ 0.00000000 $ 5.62500114 %6.75000137
A19 $ 0.00000000 $ 0.00000000 $ 6.66667000 %8.00000400
A20 $ 0.00000000 $ 0.00000000 $ 7.50000000 %9.00000000
A21 $ 0.00000000 $ 0.00000000 $ 5.41667000 %6.50000400
A22 $ 0.00000000 $ 0.00000000 $ 5.83333000 %6.99999600
A23 $ 0.00000000 $ 0.00000000 $ 5.62500026 %6.75000031
A24 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
A25 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
A26 $ 0.00000000 $ 0.00000000 $ 5.83333306 %6.99999967
A27 $ 9.74561586 $ 8.61457961 $ 5.11542069 %6.49999997
A28 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
A29 $ 0.00000000 $ 0.00000000 $ 5.41666662 %6.49999995
S $ 0.00000000 $ 0.00000000 $ 0.37868701 %0.47317014
M $ 0.84675902 $ 0.00000000 $ 5.39426552 %6.49999998
B1 $ 0.84675909 $ 0.00000000 $ 5.39426543 %6.49999986
B2 $ 0.84675965 $ 0.00000000 $ 5.39426599 %6.50000055
B3 $ 0.84675858 $ 0.00000000 $ 5.39426641 %6.50000106
B4 $ 0.84676049 $ 0.00000000 $ 5.39426271 %6.49999658
B5 $ 0.84675924 $ 0.00000000 $ 5.39426562 %6.50000015
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 160,681.55
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 752,900,068.75
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 2,442
--------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RL78
PO $ 731,582.34 $ 730,783.37 $ 988.47 GEC9905PO
A1 $ 390,493,233.27 $ 387,086,010.10 $ 944.26 36157RH24
A2 $ 61,077,214.38 $ 60,423,976.88 $ 932.40 36157RH32
A3 $ 2,510,000.00 $ 2,510,000.00 $ 1,000.00 36157RH40
A4 $ 3,321,000.00 $ 3,321,000.00 $ 1,000.00 36157RH57
A5 $ 3,322,000.00 $ 3,322,000.00 $ 1,000.00 36157RH65
A6 $ 2,316,000.00 $ 2,316,000.00 $ 1,000.00 36157RH73
A7 $ 3,506,600.00 $ 3,506,600.00 $ 1,000.00 36157RH81
A8 $ 17,202,221.00 $ 16,928,192.62 $ 902.07 36157RH99
A9 $ 3,334,000.00 $ 3,334,000.00 $ 1,000.00 36157RJ22
A10 $ 5,000,000.00 $ 5,000,000.00 $ 1,000.00 36157RJ30
A11 $ 1,667,000.00 $ 1,667,000.00 $ 1,000.00 36157RJ48
A12 $ 3,947,000.00 $ 3,947,000.00 $ 1,000.00 36157RJ55
A13 $ 4,500,000.00 $ 4,500,000.00 $ 1,000.00 36157RJ63
A14 $ 1,400,000.00 $ 1,400,000.00 $ 1,000.00 36157RJ71
A15 $ 1,030,000.00 $ 1,030,000.00 $ 1,000.00 36157RJ89
A16 $ 4,694,481.00 $ 4,694,481.00 $ 1,000.00 36157RJ97
A17 $ 426,519.00 $ 426,519.00 $ 1,000.00 36157RK20
A18 $ 4,395,000.00 $ 4,395,000.00 $ 1,000.00 36157RK38
A19 $ 1,000,000.00 $ 1,000,000.00 $ 1,000.00 36157RK46
A20 $ 2,948,000.00 $ 2,948,000.00 $ 1,000.00 36157RK53
A21 $ 1,000,000.00 $ 1,000,000.00 $ 1,000.00 36157RK61
A22 $ 1,000,000.00 $ 1,000,000.00 $ 1,000.00 36157RK79
A23 $ 4,814,814.00 $ 4,814,814.00 $ 1,000.00 36157RK87
A24 $ 185,186.00 $ 185,186.00 $ 1,000.00 36157RK95
A25 $ 701,215.00 $ 701,215.00 $ 1,000.00 36157RL29
A26 $ 9,115,785.00 $ 9,115,785.00 $ 1,000.00 36157RL37
A27 $ 94,069,281.60 $ 93,098,530.55 $ 934.64 36157RL45
A28 $ 16,281,000.00 $ 16,281,000.00 $ 1,000.00 36157RL52
A29 $ 78,866,000.00 $ 78,866,000.00 $ 1,000.00 36157RL60
S $ 725,962,455.00 $ 720,661,951.64 $ 953.37 GEC99005S
M $ 15,707,769.29 $ 15,694,413.36 $ 995.02 36157RL86
B1 $ 5,890,537.97 $ 5,885,529.39 $ 995.02 36157RL94
B2 $ 3,534,322.78 $ 3,531,317.63 $ 995.02 36157RM28
B3 $ 4,319,661.45 $ 4,315,988.55 $ 995.02 36157RM51
B4 $ 1,570,876.52 $ 1,569,540.84 $ 995.02 36157RM69
B5 $ 2,356,188.87 $ 2,354,185.46 $ 995.02 36157RM77
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 20 Principal Balance $ 5,476,721.52
-------- -------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
-----------
E. Other Information:
1. Special Hazard Loss Amount: $ 7,886,560.00
--------------
2. Bankruptcy Loss Amount: $ 240,301.00
--------------
3. Fraud Loss Amount: $ 7,886,560.00
--------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
------------
G.
Rounding Amount
Opening Reimbursement (Withdrawl) Closing
Class Balance Amount Balance
----- ------- ------ --------------- -------
A19-INT $ 20,000.00 $ 0.00 $ 0.00 $12,500.00
A20-INT $ 73,701.00 $ 0.00 $ 0.00 $36,857.54
A12 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A13 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A18 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A21 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A22 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A23 $ 999.99 $ 0.00 $ 0.00 $ 999.99
Exhibit 99.11
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
SEPTEMBER 1999
REMIC Home Equity Loan Pass-Through Certificates,
Series 1999-HE1
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1999
(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: $4,111,673.12
-----------
(2) Aggregate Monthly Payments received and Monthly Advances made
this Month:
(a) Principal $504,642.94
-----------
(b) Interest $3,355,278.25
-----------
(c) Total $3,859,921.19
-----------
(3) Aggregate Principal Prepayments in part received on Self-
Amortizing Mortgage Loans and applied in the applicable
Prepayment Period:
(a) Principal $301,873.32
---------
(c) Total $301,873.32
---------
(4) Aggregate Principal Prepayments in full received in the
applicable Prepayment period:
(a) Principal $8,589,303.34
-----------
(b) Interest $100,067.53
-----------
(c) Total $8,689,370.87
-----------
(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 $47,195.92
--------
(b) Interest $2,697.08
--------
(c) Total $49,893.00
--------
(7) Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $0.00
---
(b) Interest $0.00
---
(c) Total $0.00
---
(8) Aggregate Purchase Prices for (and substitution adjustments) for
Defective Mortgage Loans:
(a) Principal $0.00
---
(b) Interest $0.00
---
(c) Total $0.00
---
(9) Pool Principal Balance $463,259,603.83
-------------
(10) Available Funds: $12,872,720.94
-------------
(11) Realized Losses for prior month: $4,712.35
-------------
(12) Aggregate Realized Losses: $4,712.35
-------------
(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
-------------
(13) Compensating Interest
Payment: $11,167.38
-------------
(14) Net Simple Interest
Shortfall: $0.00
-------------
(15) Net Simple Interest
Excess: $0.00
-------------
(16) Simple Interest Shortfall
Payment: $0.00
-------------
(17) Unpaid Net Simple Interest
Shortfall:
Class A1 $0.00
-------------
Class A2 $0.00
-------------
Class A3 $0.00
-------------
Class A4 $0.00
-------------
Class A5 $0.00
-------------
Class A6 $0.00
-------------
Class A7 $0.00
-------------
Class S $0.00
-------------
Class M $0.00
-------------
Class B1 $0.00
-------------
Class B2 $0.00
-------------
Class B3 $0.00
-------------
Class B4 $0.00
-------------
Class B5 $0.00
-------------
(18) Class Certificate Interest Rate:
Class M 6.705%
-------------
Class B1 7.200%
-------------
Class B2 8.525%
-------------
Class B3 8.884%
-------------
Class B4 8.884%
-------------
Class B5 8.884%
-------------
Class S 2.54%
-------------
(19) Accrued Certificate Interest and Pay-out Rate:
Class A1 $632,500.59 5.995%
---------------------------
Class A2 $231,279.17 5.905%
---------------------------
Class A3 $422,424.85 6.035%
---------------------------
Class A4 $123,700.00 6.185%
---------------------------
Class A5 $225,212.50 6.285%
---------------------------
Class A6 $182,217.67 6.700%
---------------------------
Class A7 $229,716.67 6.265%
---------------------------
Class S $980,375.74 2.54%
---------------------------
Class M $99,011.94 6.705%
---------------------------
Class B1 $91,132.75 7.200%
---------------------------
Class B2 $80,931.32 8.525%
---------------------------
Class B3 $43,109.13 8.884%
---------------------------
Class B4 $26,238.10 8.884%
---------------------------
Class B5 $61,854.99 8.884%
---------------------------
Total $3,429,705.42
(20) Principal distributable:
Class A1 $9,375,451.98
-----------
Class A2 $0.00
-----------
Class A3 $0.00
-----------
Class A4 $0.00
-----------
Class A5 $0.00
-----------
Class A6 $0.00
-----------
Class A7 $0.00
-----------
Class M $19,303.22
-----------
Class B1 $16,545.62
-----------
Class B2 $12,409.76
-----------
Class B3 $6,343.03
-----------
Class B4 $3,860.64
-----------
Class B5 $9,101.27
-----------
Class R1 $0.00
-----------
Class R2 $0.00
-----------
Total $9,443,015.52
(21) Additional distributions to the Class R1 Certificate pursuant to
Section 2.05 (d) : $0.00
-------------
(22) Additional distributions to the Class R2 Certificate pursuant to
Section 4.01 (b) : $0.00
-------------
(23) Distribution Allocable to Unanticipated Recovers:
Class A1 $0.00
---
Class A2 $0.00
---
Class A3 $0.00
---
Class A4 $0.00
---
Class A5 $0.00
---
Class A6 $0.00
---
Class A7 $0.00
---
Class M $0.00
---
Class B1 $0.00
---
Class B2 $0.00
---
Class B3 $0.00
---
Class B4 $0.00
---
Class B5 $0.00
---
Class R1 $0.00
---
Class R2 $0.00
---
B. Other Amounts:
1) Senior Percentage for such
Distribution Date 86.611614%
----
2) Senior Prepayment Percentage
for such Distribution Date 100.00%
----
3) Junior Percentage for such
Distribution Date 13.388386%
----
4) Junior Prepayment Percentage
----
for such Distribution Date 0.00%
----
5) Subordinate Certfificate Writedown Amount
for such Distribution Date $0.00
----
6) Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class B1 X
---------------------------------
Class B2 X
---------------------------------
Class B3 X
---------------------------------
Class B4 X
---------------------------------
Class B5 X
---------------------------------
7) Class A7 Certificate Percentage
for such Distribution Date 10.966098%
---
8) Class A7 Distribution Percentage
for such Distribution Date 0.00%
---
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
- ----------------------------------------
Name: Tim Neer
Title: Vice President of Investor Operations
Exhibit 99.12
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
SEPTEMBER 1999
REMIC Home Equity Loan Pass-Through Certificates,
Series 1999-HE1
Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1999
(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 $54.50844173
------
Class A2 $0.00000000
------
Class A3 $0.00000000
------
Class A4 $0.00000000
------
Class A5 $0.00000000
------
Class A6 $0.00000000
------
Class A7 $0.00000000
------
Class M $1.08353757
------
Class B1 $1.08353757
------
Class B2 $1.08353757
------
Class B3 $1.08353757
------
Class B4 $1.08353757
------
Class B5 $1.08353757
------
Class R1 $0.00000000
------
Class R2 $0.00000000
------
(2) Aggregate Principal prepayments included in distribution:
Class A1 $8,938,372.58
-----------
Class A2 $0.00000000
-----------
Class A3 $0.00000000
-----------
Class A4 $0.00000000
-----------
Class A5 $0.00000000
-----------
Class A6 $0.00000000
-----------
Class A7 $0.00000000
-----------
Class M $0.00000000
-----------
Class B1 $0.00000000
-----------
Class B2 $0.00000000
-----------
Class B3 $0.00000000
-----------
Class B4 $0.00000000
-----------
Class B5 $0.00000000
-----------
Class R1 $0.00000000
-----------
Class R2 $0.00000000
-----------
(3) Amount of distribution allocable to interest Pay-out Rate:
Class A1 $3.67732899 5.995%
----------------------------
Class A2 $4.92083333 5.905%
----------------------------
Class A3 $5.02916667 6.035%
----------------------------
Class A4 $5.15416667 6.185%
----------------------------
Class A5 $5.23750000 6.285%
----------------------------
Class A6 $5.58333333 6.700%
----------------------------
Class A7 $5.22083333 6.265%
----------------------------
Class S $2.11625561 2.54%
----------------------------
Class M $5.55778495 6.705%
----------------------------
Class B1 $5.96809122 7.200%
----------------------------
Class B2 $7.06638578 8.525%
----------------------------
Class B3 $7.36404765 8.884%
----------------------------
Class B4 $7.36404765 8.884%
----------------------------
Class B5 $7.36404765 8.884%
----------------------------
(4) Amount of distribution allocable to Unanticipated Recoveries:
Class A1 $0.00
---
Class A2 $0.00
---
Class A3 $0.00
---
Class A4 $0.00
---
Class A5 $0.00
---
Class A6 $0.00
---
Class A7 $0.00
---
Class M $0.00
---
Class B1 $0.00
---
Class B2 $0.00
---
Class B3 $0.00
---
Class B4 $0.00
---
Class B5 $0.00
---
Class R1 $0.00
---
Class R2 $0.00
---
(5) Servicing Compensation: $220,962.96
---------
The amounts below are for the aggregate of all Certificates:
(6) Pool Principal Balance; $463,259,603.83
-------------
number of Mortgage
Loans: 5,799
-------------
(7) Class Certificate Principal Balance of each Class; Certificate
Principal Balance of Single Certificate of each class:
Single
Certificate
Class Class Balance Balance
----- ------------- -------
Class A1 $117,230,169.93 $681.57075541
----------------------------------
Class A2 $47,000,000.00 $1,000.00000000
----------------------------------
Class A3 $83,995,000.00 $1,000.00000000
----------------------------------
Class A4 $24,000,000.00 $1,000.00000000
----------------------------------
Class A5 $43,000,000.00 $1,000.00000000
----------------------------------
Class A6 $32,636,000.00 $1,000.00000000
----------------------------------
Class A7 $44,000,000.00 $1,000.00000000
----------------------------------
Class M $17,700,954.29 $993.59833238
----------------------------------
Class B1 $15,172,246.54 $993.59833238
----------------------------------
Class B2 $11,379,681.70 $993.59833238
----------------------------------
Class B3 $5,816,524.64 $993.59833238
----------------------------------
Class B4 $3,540,190.86 $993.59833238
----------------------------------
Class B5 $8,341,108.01 $993.03731106
----------------------------------
Class R1 $0.00 $0.00000000
----------------------------------
Class R2 $0.00 $0.00000000
----------------------------------
(8) Book value of real estate acquired on behalf of Certificate-
holders; number of $215,116.00
---------
related Mortgage Loans: 2
---------
(9) Aggregate Scheduled Principal Balance and number of delinquent
Mortgage Loans:
One Payment Delinquent $4,642,401.18
-----------
64
-----------
Two Payments Delinquent $1,956,976.72
-----------
19
-----------
Three or more Payments Delinquent $2,502,023.57
-----------
26
-----------
TOTAL $9,101,401.47
-----------
109
-----------
In foreclosure $4,794,407.24
-----------
53
-------------
(10) Aggregate Scheduled Principal Balance and number of replaced
Mortgage Loans: $0.00
---
0
---
(11) Unpaid Net Simple Interest Shortfall:
Class A1 $0.00
---
Class A2 $0.00
---
Class A3 $0.00
---
Class A4 $0.00
---
Class A5 $0.00
---
Class A6 $0.00
---
Class A7 $0.00
---
Class S $0.00
---
Class M $0.00
---
Class B1 $0.00
---
Class B2 $0.00
---
Class B3 $0.00
---
Class B4 $0.00
---
Class B5 $0.00
---
(12) Class Certificate Interest Rate of:
Class M 6.705%
---
Class B1 7.200%
---
Class B2 8.525%
---
Class B3 8.884%
---
Class B4 8.884%
---
Class B5 8.884%
---
Class S 2.54%
---
(13) Senior Percentage for such 86.611614%
-----
Distribution Date
(14) Senior Prepayment Percentage
for such Distribution Date 100.00%
-----
(15) Junior Percentage for such
Distribution Date 13.388386%
-----
(16) Junior Prepayment Percentage
for such Distribution Date 0.00%
-----
(17) Class A7 Certificate Percentage
for such Distribution Date 10.966098%
-----
(18) Class A7 Distribution Percentage
for such Distribution Date 0.00%
-----
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
- ------------------------------------------------
Name: Tim Neer
Title: Vice President of Investor Operations
Exhibit 99.13
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
September, 1999
Series 1999-06, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1999 (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:
AMortgage Loan Information:
1. Aggregate scheduled Monthly Payments:
(a) Principal $ 584,600.44
---------------
(b) Interest $ 4,058,823.22
---------------
(c) Total $ 4,643,423.66
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 502,316.99
---------------
(b) Interest $ 3,479,377.04
---------------
(c) Total $ 3,981,694.03
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 82,283.45
---------------
(b) Interest $ 579,446.18
---------------
(c) Total $ 661,729.63
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 102,439.50
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 2,359,036.75
---------------
(b) Interest $ 14,007.64
---------------
(c) Total $ 2,373,044.39
---------------
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: $ 681,299,163.01
---------------
13. Available Funds: $ 6,985,134.41
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
---------------
17. Compensating Interest Payment: $ 2,646.18
---------------
18. Total interest payments: $ 3,939,057.71
---------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 %0.000000000
PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
1A1 $ 487,695.00 $ 0.00 $ 487,695.00 %6.100000000
1A2 $ 510,677.58 $ 0.00 $ 510,677.58 %6.349999959
1A3 $ 46,733.50 $ 0.00 $ 46,733.50 %6.600000000
1A4 $ 665,284.93 $ 0.00 $ 665,284.93 %6.349999994
1A5 $ 484,276.24 $ 0.00 $ 127,106.00 %9.152119238
1A6 $ 8,920.28 $ 0.00 $ 0.00 %6.749999215
1A7 $ 6,250.83 $ 0.00 $ 6,250.83 %6.999999067
1A8 $ 45,249.17 $ 0.00 $ 45,249.17 %7.000000516
1A9 $ 38,316.25 $ 0.00 $ 38,316.25 %7.000000000
1A10 $ 31,683.75 $ 0.00 $ 31,683.75 %7.000000000
1A11 $ 0.00 $ 0.00 $ 0.00 %0.000000000
1A12 $ 16,318.24 $ 0.00 $ 16,318.24 %6.750001662
2A1 $ 934,565.89 $ 0.00 $ 934,565.89 %6.749999991
2A2 $ 86,737.50 $ 0.00 $ 86,737.50 %6.750000000
2A3 $ 146,250.00 $ 0.00 $ 146,250.00 %6.500000000
2A4 $ 4,950.00 $ 0.00 $ 4,950.00 %0.220000000
2A5 $ 151,875.00 $ 0.00 $ 151,875.00 %6.750000000
2A6 $ 675.00 $ 0.00 $ 675.00 %0.030000000
S $ 114,736.99 $ 0.00 $ 114,736.99 %0.278245490
M $ 73,004.26 $ 0.00 $ 73,004.26 %6.750000198
B1 $ 29,600.87 $ 0.00 $ 29,600.87 %6.750000819
B2 $ 17,054.11 $ 0.00 $ 17,054.11 %6.749998348
B3 $ 19,728.30 $ 0.00 $ 19,728.30 %6.749998428
B4 $ 7,893.56 $ 0.00 $ 7,893.56 %6.749996227
B5 $ 10,580.46 $ 0.00 $ 10,580.46 %6.749999378
20. Principal Distribution Amount: $ 3,046,076.70
---------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 4,809.36 $ 0.00
Class 1A1 $ 0.00 $ 0.00
Class 1A2 $ 0.00 $ 0.00
Class 1A3 $ 0.00 $ 0.00
Class 1A4 $ 1,965,543.21 $ 0.00
Class 1A5 $ 119,240.70 $ 357,170.24
Class 1A6 $ 260,426.56 $ 8,920.28
Class 1A7 $ 0.00 $ 0.00
Class 1A8 $ 0.00 $ 0.00
Class 1A9 $ 0.00 $ 0.00
Class 1A10 $ 0.00 $ 0.00
Class 1A11 $ 0.00 $ 0.00
Class 1A12 $ 13,890.12 $ 0.00
Class 2A1 $ 1,024,294.16 $ 0.00
Class 2A2 $ 0.00 $ 0.00
Class 2A3 $ 0.00 $ 0.00
Class 2A4 $ 0.00 $ 0.00
Class 2A5 $ 0.00 $ 0.00
Class 2A6 $ 0.00 $ 0.00
Class S $ 0.00 $ 0.00
Class M $ 11,081.92 $ 0.00
Class B1 $ 4,493.36 $ 0.00
Class B2 $ 2,589.94 $ 0.00
Class B3 $ 2,994.73 $ 0.00
Class B4 $ 1,198.23 $ 0.00
Class B5 $ 1,604.93 $ 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
Class M X
2. Base Servicing Fee amount: $ 130,201.99
-----------
3. Supplemental Servicing Fee amount: $ N/A
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category A Category B Category C
5. Senior Percentage: %N/A N/A N/A N/A
---- ---- -------- -------
6. Group I Senior Percentage:
%N/A N/A N/A N/A
---- ---- -------- -------
7. Group II Senior Percentage:
%N/A N/A N/A N/A
---- ---- -------- -------
8. Senior Prepayment Percentage:
%N/A N/A N/A N/A
---- ---- -------- -------
9. Group I Senior Prepayment
Percentage: %N/A N/A N/A N/A
---- ---- -------- -------
10. Group II Senior Prepayment
Percentage: %N/A N/A N/A N/A
---- ---- -------- -------
11. Junior Percentage: %N/A
----
12. Junior Prepayment Percentage:
%N/A
----
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/Tim Neer
-------------------------------
Tim Neer
Vice President
Investor Operations
Exhibit 99.14
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
September, 1999
Series 1999-06, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1999 (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 % 7.143636
------------------------
Weighted average maturity 351.00
------------------------
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 $ 1.06407121 $ 0.15641495 $ 0.00000000 %0.00000000
1A1 $ 0.00000000 $ 0.00000000 $ 5.08333333 %6.10000000
1A2 $ 0.00000000 $ 0.00000000 $ 5.29166663 %6.34999996
1A3 $ 0.00000000 $ 0.00000000 $ 5.50000000 %6.60000000
1A4 $ 14.90075135 $ 12.22740556 $ 5.04351432 %6.34999999
1A5 $ 0.00000000 $ 1.56807228 $ 7.76083718 %9.15211924
1A6 $ 23.72700755 $ 20.16069717 $ 0.84153585 %6.74999921
1A7 $ 0.00000000 $ 0.00000000 $ 5.83333256 %6.99999907
1A8 $ 0.00000000 $ 0.00000000 $ 5.83333376 %7.00000052
1A9 $ 0.00000000 $ 0.00000000 $ 5.83333333 %7.00000000
1A10 $ 0.00000000 $ 0.00000000 $ 5.83333333 %7.00000000
1A11 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
1A12 $ 4.63004000 $ 3.79936333 $ 5.43941333 %6.75000166
2A1 $ 5.97614987 $ 4.81528516 $ 5.45263855 %6.74999999
2A2 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
2A3 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
2A4 $ 0.00000000 $ 0.00000000 $ 0.18333333 %0.22000000
2A5 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
2A6 $ 0.00000000 $ 0.00000000 $ 0.02500000 %0.03000000
S $ 0.00000000 $ 0.00000000 $ 0.22402069 %0.27824549
M $ 0.85101521 $ 0.00000000 $ 5.60622485 %6.75000020
B1 $ 0.85101515 $ 0.00000000 $ 5.60622538 %6.75000082
B2 $ 0.85139382 $ 0.00000000 $ 5.60621631 %6.74999835
B3 $ 0.85101733 $ 0.00000000 $ 5.60622336 %6.74999843
B4 $ 0.85101563 $ 0.00000000 $ 5.60622159 %6.74999623
B5 $ 0.85039929 $ 0.00000000 $ 5.60623556 %6.74999938
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
1A5 $ 357,170.24
1A6 $ 8,920.28
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 130,201.99
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 681,299,163.01
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 2,058
--------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RQ99
PO $ 4,465,998.09 $ 4,461,188.73 $ 987.04 36157RS55
1A1 $ 95,940,000.00 $ 95,940,000.00 $ 1,000.00 36157RP58
1A2 $ 96,506,000.00 $ 96,506,000.00 $ 1,000.00 36157RP66
1A3 $ 8,497,000.00 $ 8,497,000.00 $ 1,000.00 36157RP74
1A4 $ 125,723,136.49 $ 123,757,593.28 $ 938.20 36157RP82
1A5 $ 63,496,931.46 $ 63,734,861.00 $ 1,021.39 36157RP90
1A6 $ 1,585,827.74 $ 1,334,321.46 $ 125.88 36157RQ24
1A7 $ 1,071,571.00 $ 1,071,571.00 $ 1,000.00 36157RQ32
1A8 $ 7,757,000.00 $ 7,757,000.00 $ 1,000.00 36157RQ40
1A9 $ 6,568,500.00 $ 6,568,500.00 $ 1,000.00 36157RQ57
1A10 $ 5,431,500.00 $ 5,431,500.00 $ 1,000.00 36157RQ65
1A11 $ 771,429.00 $ 771,429.00 $ 1,000.00 36157RQ73
1A12 $ 2,901,019.73 $ 2,887,129.61 $ 962.38 36157RQ81
2A1 $ 166,145,047.33 $ 165,120,753.17 $ 963.38 36157RR80
2A2 $ 15,420,000.00 $ 15,420,000.00 $ 1,000.00 36157RR98
2A3 $ 27,000,000.00 $ 27,000,000.00 $ 1,000.00 36157RS22
2A4 $ 27,000,000.00 $ 27,000,000.00 $ 1,000.00 36157RS30
2A5 $ 27,000,000.00 $ 27,000,000.00 $ 1,000.00 36157RS48
2A6 $ 27,000,000.00 $ 27,000,000.00 $ 1,000.00 36157RS71
S $ 494,830,618.68 $ 491,984,617.73 $ 960.59 36157RS63
M $ 12,978,534.73 $ 12,967,452.81 $ 995.81 36157RR23
B1 $ 5,262,376.25 $ 5,257,882.89 $ 995.81 36157RR31
B2 $ 3,031,842.52 $ 3,029,252.58 $ 995.81 36157RR49
B3 $ 3,507,254.15 $ 3,504,259.42 $ 995.81 36157RR56
B4 $ 1,403,300.34 $ 1,402,102.12 $ 995.81 36157RR64
B5 $ 1,880,970.84 $ 1,879,365.91 $ 995.81 36157RR72
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 5 Principal Balance $ 1,358,842.59
-------- -------------
2. 60-89 days
Number 3 Principal Balance $ 851,302.72
-------- -------------
3. 90 days or more
Number 1 Principal Balance $ 292,064.48
-------- -------------
4. In Foreclosure
Number 1 Principal Balance $ 280,250.00
-------- -------------
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: $ 10,267,019.00
---------------
2. Bankruptcy Loss Amount: $ 240,297.00
---------------
3. Fraud Loss Amount: $ 7,039,471.00
---------------
4. Certificate Interest Rate of the Class S Certificate: % 0.27824549
------------
G.
Rounding Amount
Opening Reimbursement (Withdrawl) Closing
Class Balance Amount Balance
- ----- ------- ------ -------------- -------
1A8 $ 999.99 $ 0.00 $ 0.00 $ 999.99
2A3 $ 999.99 $ 0.00 $ 0.00 $ 999.99
Exhibit 99.15
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
September, 1999
Series 1999-10, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1999 (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 $ 673,702.06
---------------
(b) Interest $ 1,059,762.71
---------------
(c) Total $ 1,733,464.77
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 509,002.05
---------------
(b) Interest $ 792,282.11
---------------
(c) Total $ 1,301,284.16
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 164,700.01
---------------
(b) Interest $ 267,480.60
---------------
(c) Total $ 432,180.61
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 125,023.63
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 278,155.08
---------------
(b) Interest $ 1,502.21
---------------
(c) Total $ 279,657.29
---------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
---------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
12. Pool Scheduled Principal Balance: $ 184,528,306.18
---------------
13. Available Funds: $ 2,099,573.92
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
---------------
17. Compensating Interest Payment: $ 665.57
---------------
18. Total interest payments: $ 1,022,693.14
---------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 %0.000000000
PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
A1 $ 479,350.27 $ 0.00 $ 479,350.27 %6.249999959
A2 $ 368,803.05 $ 0.00 $ 368,803.05 %6.250000020
A3 $ 94,248.32 $ 0.00 $ 94,248.32 %6.249999796
S $ 58,162.55 $ 0.00 $ 58,162.55 %0.416302683
M $ 8,852.80 $ 0.00 $ 8,852.80 %6.250000184
B1 $ 3,440.47 $ 0.00 $ 3,440.47 %6.249994134
B2 $ 2,947.51 $ 0.00 $ 2,947.51 %6.250000221
B3 $ 3,445.61 $ 0.00 $ 3,445.61 %6.250003212
B4 $ 1,966.72 $ 0.00 $ 1,966.72 %6.250005462
B5 $ 1,475.84 $ 0.00 $ 1,475.84 %6.250001765
20. Principal Distribution Amount: $ 1,076,880.78
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 1,531.60 $ 0.00
Class A1 $ 539,128.95 $ 0.00
Class A2 $ 455,111.12 $ 0.00
Class A3 $ 65,686.34 $ 0.00
Class S $ 0.00 $ 0.00
Class M $ 6,169.95 $ 0.00
Class B1 $ 2,397.84 $ 0.00
Class B2 $ 2,054.27 $ 0.00
Class B3 $ 2,401.42 $ 0.00
Class B4 $ 1,370.70 $ 0.00
Class B5 $ 1,028.59 $ 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: $ 39,468.82
----------
3. Supplemental Servicing Fee amount: $ N/A
----------
4. Credit Losses for prior month: $ 0.00
----------
Category A Category B Category C
5. Senior Percentage: % 97.705729 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: % 2.294271
-----------
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
-------------------------------
Tim Neer
Vice President
Investor Operations
Exhibit 99.16
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
September, 1999
Series 1999-10, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1999 (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 % 6.866387
-------------------------
Weighted average maturity 171.15
-------------------------
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 $3.63316341 $ 0.13952904 $ 0.00000000 % 0.00000000
A1 $5.67504158 $ 2.15837832 $ 5.04579232 % 6.24999996
A2 $6.19907944 $ 2.35768468 $ 5.02347515 % 6.25000002
A3 $3.57886082 $ 1.36114183 $ 5.13503447 % 6.24999980
S $0.00000000 $ 0.00000000 $ 0.33565128 % 0.41630268
M $3.57885731 $ 0.00000000 $ 5.13503480 % 6.25000018
B1 $3.57886567 $ 0.00000000 $ 5.13502985 % 6.24999413
B2 $3.57886760 $ 0.00000000 $ 5.13503484 % 6.25000022
B3 $3.57886736 $ 0.00000000 $ 5.13503726 % 6.25000321
B4 $3.57885117 $ 0.00000000 $ 5.13503916 % 6.25000546
B5 $3.57887498 $ 0.00000000 $ 5.13503617 % 6.25000176
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 39,468.82
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 184,528,306.18
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 645
----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RN92
PO $ 415,312.88 $ 413,781.28 $ 981.55 GEC9910PO
A1 $ 92,035,252.45 $ 91,496,123.49 $ 963.12 36157RN68
A2 $ 70,810,185.37 $ 70,355,074.26 $ 958.31 36157RN76
A3 $ 18,095,678.03 $ 18,029,991.69 $ 982.35 36157RN84
S $ 167,654,600.44 $ 166,643,129.22 $ 961.68 GEC99010S
M $ 1,699,737.55 $ 1,693,567.59 $ 982.35 36157RP25
B1 $ 660,570.86 $ 658,173.02 $ 982.35 36157RP33
B2 $ 565,921.90 $ 563,867.63 $ 982.35 36157RP41
B3 $ 661,556.78 $ 659,155.37 $ 982.35 36157RW68
B4 $ 377,609.91 $ 376,239.20 $ 982.35 36157RW76
B5 $ 283,361.20 $ 282,332.61 $ 982.35 36157RW84
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 3 Principal Balance $ 645,733.93
-------- ------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- ------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- ------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- ------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- ------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
------------
E. Other Information:
1. Special Hazard Loss Amount: $ 3,304,536.00
---------------
2. Bankruptcy Loss Amount: $ 100,000.00
---------------
3. Fraud Loss Amount: $ 1,915,010.00
---------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
------------
Exhibit 99.17
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
September, 1999
GEM Trust 99-01, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1999 (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 $ 293,654.23
---------------
(b) Interest $ 2,335,968.46
---------------
(c) Total $ 2,629,622.69
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 250,606.10
---------------
(b) Interest $ 2,005,334.67
---------------
(c) Total $ 2,255,940.77
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 43,048.13
---------------
(b) Interest $ 330,633.79
---------------
(c) Total $ 373,681.92
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 89,854.47
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 4,917,223.83
---------------
(b) Interest $ 31,541.13
---------------
(c) Total $ 4,948,764.96
---------------
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: $ 367,114,093.42
---------------
13. Available Funds: $ 7,590,761.84
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
---------------
17. Compensating Interest Payment: $ 7,654.99
---------------
18. Total interest payments: $ 2,290,029.31
---------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
P $ 0.00 $ 0.00 $ 0.00 % 0.000000000
IA1 $ 631,790.14 $ 0.00 $ 631,790.14 % 6.625000010
IA2 $ 5,541.67 $ 0.00 $ 5,541.67 % 7.000004211
IA3 $ 109,312.50 $ 0.00 $ 109,312.50 % 6.625000000
IA4 $ 7,232.29 $ 0.00 $ 7,232.29 % 6.624998473
IA5 $ 155,864.33 $ 0.00 $ 155,864.33 % 6.625000015
IA6 $ 60,796.63 $ 0.00 $ 60,796.63 % 6.624999864
IA7 $ 4,598.44 $ 0.00 $ 4,598.44 % 6.750003670
IA8 $ 14,399.57 $ 0.00 $ 14,399.57 % 5.980001696
IA9 $ 4,382.48 $ 0.00 $ 4,382.48 % 8.116630603
IA10 $ 1,083.58 $ 0.00 $ 1,083.58 % 10.000046144
IIA1 $ 929,453.98 $ 0.00 $ 929,453.98 % 6.999999963
IIA2 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
AR $ 0.00 $ 0.00 $ 0.00 % 0.000000000
X $ 235,234.31 $ 0.00 $ 235,234.31 % 6.625000092
M $ 48,877.27 $ 0.00 $ 48,877.27 % 6.625000410
B1 $ 28,240.19 $ 0.00 $ 28,240.19 % 6.624999024
B2 $ 23,895.55 $ 0.00 $ 23,895.55 % 6.624999718
B3 $ 11,947.78 $ 0.00 $ 11,947.78 % 6.625002476
B4 $ 6,516.97 $ 0.00 $ 6,516.97 % 6.625002592
B5 $ 10,861.63 $ 0.00 $ 10,861.63 % 6.625001734
20. Principal Distribution Amount: $ 5,300,732.53
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class P $ 239.11 $ 0.00
Class IA1 $ 2,059,443.22 $ 0.00
Class IA2 $ 0.00 $ 0.00
Class IA3 $ 0.00 $ 0.00
Class IA4 $ 0.00 $ 0.00
Class IA5 $ 706,248.67 $ 0.00
Class IA6 $ 0.00 $ 0.00
Class IA7 $ 0.00 $ 0.00
Class IA8 $ 0.00 $ 0.00
Class IA9 $ 0.00 $ 0.00
Class IA10 $ 0.00 $ 0.00
Class IIA1 $ 2,381,396.14 $ 0.00
Class IIA2 $ 134,796.00 $ 0.00
Class AR $ 0.00 $ 0.00
Class X $ 0.00 $ 0.00
Class M $ 6,978.52 $ 0.00
Class B1 $ 4,032.04 $ 0.00
Class B2 $ 3,411.72 $ 0.00
Class B3 $ 1,705.86 $ 0.00
Class B4 $ 930.47 $ 0.00
Class B5 $ 1,550.78 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
---------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
---------------
24. Subordinate Certificate Writedown Amount: $ 0.00
---------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
M $ 0.00 $ 0.00
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
---------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class IA8 % 5.98000170
Class IA9 % 8.11663060
Class IA10 % 10.00004614
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-M X
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 77,829.74
----------
3. Supplemental Servicing Fee amount: $ N/A
----------
4. Credit Losses for prior month: $ 0.00
----------
Category A Category B Category C
5. Senior Percentage: % N/A N/A N/A N/A
----- ---- ------- --------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
----- ---- ------- --------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
----- ---- ------- --------
8. Senior Prepayment Percentage:
% N/A N/A N/A N/A
----- ---- ------- --------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
----- ---- ------- --------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
----- ---- ------- --------
11. Junior Percentage: % N/A
-----
12. Junior Prepayment Percentage:
% N/A
-----
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s Tim Neer
-------------------------------
Tim Neer
Vice President
Investor Services
Exhibit 99.18
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
September, 1999
GEM Trust 99-01, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1999 (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 % 7.633755
------------------------
Weighted average maturity 348.29
------------------------
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
----- ----------- ----------- ----------- -----------
P $ 1.05541668 $ 0.07106440 $ 0.00000000 % 0.00000000
IA1 $ 16.51079459 $ 15.67556426 $ 5.06513466 % 6.62500001
IA2 $ 0.00000000 $ 0.00000000 $ 5.83333684 % 7.00000421
IA3 $ 0.00000000 $ 0.00000000 $ 5.52083333 % 6.62500000
IA4 $ 0.00000000 $ 0.00000000 $ 5.52083206 % 6.62499847
IA5 $ 22.23510253 $ 21.11029702 $ 4.90713754 % 6.62500002
IA6 $ 0.00000000 $ 0.00000000 $ 5.52083322 % 6.62499986
IA7 $ 0.00000000 $ 0.00000000 $ 5.62500306 % 6.75000367
IA8 $ 0.00000000 $ 0.00000000 $ 4.98333475 % 5.98000170
IA9 $ 0.00000000 $ 0.00000000 $ 6.76385884 % 8.11663060
IA10 $ 0.00000000 $ 0.00000000 $ 8.33337179 %10.00004614
IIA1 $ 14.23738048 $ 13.47399612 $ 5.55682011 % 6.99999996
IIA2 $ 14.23738029 $ 13.47399642 $ 0.00000000 % 0.00000000
AR $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
X $ 0.00000000 $ 0.00000000 $ 5.08143956 % 6.62500009
M $ 0.78581742 $ 0.78581742 $ 5.50383325 % 6.62500041
B1 $ 0.78581876 $ 0.78581876 $ 5.50383210 % 6.62499902
B2 $ 0.78581728 $ 0.78581728 $ 5.50383267 % 6.62499972
B3 $ 0.78581728 $ 0.78581728 $ 5.50383497 % 6.62500248
B4 $ 0.78581816 $ 0.78581816 $ 5.50383505 % 6.62500259
B5 $ 0.78581541 $ 0.78581541 $ 5.50383437 % 6.62500173
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 77,829.74
----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 367,114,093.42
----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,843
----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
P $ 225,544.88 $ 225,305.77 $ 994.49 23321P3M8
IA1 $ 114,437,459.15 $ 112,378,015.94 $ 900.95 23321P2Z0
IA2 $ 950,000.00 $ 950,000.00 $ 1,000.00 23321P3A4
IA3 $ 19,800,000.00 $ 19,800,000.00 $ 1,000.00 23321P3B2
IA4 $ 1,310,000.00 $ 1,310,000.00 $ 1,000.00 23321P3C0
IA5 $ 28,232,029.52 $ 27,525,780.85 $ 866.60 23321P3D8
IA6 $ 11,012,220.00 $ 11,012,220.00 $ 1,000.00 23321P3E6
IA7 $ 817,500.00 $ 817,500.00 $ 1,000.00 23321P3F3
IA8 $ 2,889,545.00 $ 2,889,545.00 $ 1,000.00 23321P3G1
IA9 $ 647,926.00 $ 647,926.00 $ 1,000.00 23321P3H9
IA10 $ 130,029.00 $ 130,029.00 $ 1,000.00 23321P3J5
IIA1 $ 159,334,968.84 $ 156,953,572.71 $ 938.36 23321P3K2
IIA2 $ 9,018,960.09 $ 8,884,164.09 $ 938.36 23321P3L0
AR $ 0.00 $ 0.00 $ 0.00 23321P3P1
X $ 42,608,478.20 $ 41,772,110.96 $ 902.34 23321P3N6
M $ 8,853,240.81 $ 8,846,262.29 $ 996.13 23321P3Q9
B1 $ 5,115,204.98 $ 5,111,172.95 $ 996.13 23321P3R7
B2 $ 4,328,250.75 $ 4,324,839.03 $ 996.13 23321P3S5
B3 $ 2,164,125.38 $ 2,162,419.52 $ 996.13 23321P3T3
B4 $ 1,180,431.84 $ 1,179,501.37 $ 996.13 23321P3U0
B5 $ 1,967,389.07 $ 1,965,838.29 $ 996.13 23321P3V8
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 13 Principal Balance $ 2,558,511.70
-------- -------------
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 $ 73,739.19
-------- -------------
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
IA8 % 5.98000170
IA9 % 8.11663060
IA10 % 10.00004614
E. Other Information:
1. Special Hazard Loss Amount: $ 4,152,644.00
---------------
2. Bankruptcy Loss Amount: $ 135,125.00
---------------
3. Fraud Loss Amount: $ 7,893,855.00
---------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
G.
Rounding Amount
Opening Reimbursement (Withdrawl) Closing
Class Balance Amount Balance
- ----- ------- ------ --------------- -------
IA2 $ 999.99 $ 0.00 $ 0.00 $ 999.99
Exhibit 99.19
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
September, 1999
Series 1999-09, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1999 (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 $ 417,430.40
---------------
(b) Interest $ 2,891,143.20
---------------
(c) Total $ 3,308,573.60
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 305,376.54
---------------
(b) Interest $ 2,125,002.98
---------------
(c) Total $ 2,430,379.52
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 112,053.86
---------------
(b) Interest $ 766,140.22
---------------
(c) Total $ 878,194.08
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 64,054.77
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 1,303,862.95
---------------
(b) Interest $ 7,437.77
---------------
(c) Total $ 1,311,300.72
---------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
---------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
12. Pool Scheduled Principal Balance: $ 485,749,181.65
---------------
13. Available Funds: $ 4,585,306.17
---------------
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: $ 303.22
---------------
18. Total interest payments: $ 2,799,958.06
---------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
2PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A1 $ 488,721.28 $ 0.00 $ 488,721.28 % 6.099999985
1A2 $ 162,666.67 $ 0.00 $ 162,666.67 % 6.100000125
1A4 $ 259,572.74 $ 0.00 $ 259,572.74 % 6.500000020
1A5 $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1A6 $ 213,750.00 $ 0.00 $ 213,750.00 % 6.750000000
1A7 $ 6,766.88 $ 0.00 $ 6,766.88 % 6.750004988
1A8 $ 339,365.00 $ 0.00 $ 339,365.00 % 6.500000000
1A3 $ 498,519.98 $ 0.00 $ 205,525.63 % 8.286696935
1A9 $ 23,458.23 $ 0.00 $ 0.00 % 6.750001408
RL $ 0.00 $ 0.00 $ 0.00 % 0.000000000
1S $ 54,217.20 $ 0.00 $ 54,217.20 % 0.266915394
2A1 $ 204,563.29 $ 0.00 $ 204,563.29 % 6.750000089
2A2 $ 20,548.13 $ 0.00 $ 20,548.13 % 6.750001642
2A3 $ 67,719.38 $ 0.00 $ 67,719.38 % 6.750000498
2A4 $ 9,843.75 $ 0.00 $ 9,843.75 % 6.750000000
2A5 $ 263,618.40 $ 0.00 $ 263,618.40 % 6.749999969
2A6 $ 11,250.00 $ 0.00 $ 11,250.00 % 6.750000000
2A7 $ 14,625.00 $ 0.00 $ 14,625.00 % 6.750000000
2A8 $ 5,625.00 $ 0.00 $ 5,625.00 % 6.750000000
2A9 $ 20,250.00 $ 0.00 $ 20,250.00 % 6.750000000
2S $ 22,496.01 $ 0.00 $ 22,496.01 % 0.305755807
M $ 51,975.22 $ 0.00 $ 51,975.22 % 6.750000476
B1 $ 21,068.15 $ 0.00 $ 21,068.15 % 6.749998466
B2 $ 12,636.41 $ 0.00 $ 12,636.41 % 6.750001108
B3 $ 14,049.17 $ 0.00 $ 14,049.17 % 6.749998087
B4 $ 5,623.03 $ 0.00 $ 5,623.03 % 6.749996001
B5 $ 7,029.14 $ 0.00 $ 7,029.14 % 6.749995349
20. Principal Distribution Amount: $ 1,785,348.11
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class 1PO $ 30,250.85 $ 0.00
Class 2PO $ 554.90 $ 0.00
Class 1A1 $ 876,848.28 $ 0.00
Class 1A2 $ 0.00 $ 0.00
Class 1A4 $ 546,558.91 $ 0.00
Class 1A5 $ 0.00 $ 0.00
Class 1A6 $ 0.00 $ 0.00
Class 1A7 $ 0.00 $ 0.00
Class 1A8 $ 0.00 $ 0.00
Class 1A3 $ 0.00 $ 292,994.35
Class 1A9 $ 0.00 $ 23,458.23
Class RL $ 0.00 $ 0.00
Class 1S $ 0.00 $ 0.00
Class 2A1 $ 248,060.39 $ 0.00
Class 2A2 $ 0.00 $ 0.00
Class 2A3 $ 0.00 $ 0.00
Class 2A4 $ 0.00 $ 0.00
Class 2A5 $ 382,426.43 $ 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 2S $ 0.00 $ 0.00
Class M $ 7,909.02 $ 0.00
Class B1 $ 3,205.92 $ 0.00
Class B2 $ 1,922.87 $ 0.00
Class B3 $ 2,137.85 $ 0.00
Class B4 $ 855.65 $ 0.00
Class B5 $ 1,069.62 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
---------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
---------------
24. Subordinate Certificate Writedown Amount: $ 0.00
---------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
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: $ 97,018.83
----------
3. Supplemental Servicing Fee amount: $ N/A
----------
4. Credit Losses for prior month: $ 0.00
----------
Category A Category B Category C
5. Senior Percentage: % N/A N/A N/A N/A
----- ---- -------- --------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
----- ---- -------- --------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
----- ---- -------- --------
8. Senior Prepayment Percentage:
% N/A N/A N/A N/A
----- ---- -------- --------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
----- ---- -------- --------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
----- ---- -------- --------
11. Junior Percentage: % N/A
-----
12. Junior Prepayment Percentage:
% N/A
-----
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/Tim Neer
-------------------------------
Tim Neer
Vice President
Investor Operations
Exhibit 99.20
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
September, 1999
Series 1999-09, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of April 1, 1999 (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 % 7.136058
-------------------------
Weighted average maturity 351.43
-------------------------
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
1PO $ 10.37563191 $ 9.48639150 $ 0.00000000 %0.00000000
2PO $ 1.04825486 $ 0.16064803 $ 0.00000000 %0.00000000
1A1 $ 8.89632296 $ 6.47009720 $ 4.95846596 %6.09999998
1A2 $ 0.00000000 $ 0.00000000 $ 5.08333344 %6.10000013
1A4 $ 10.92222198 $ 7.94348834 $ 5.18720129 %6.50000002
1A5 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
1A6 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
1A7 $ 0.00000000 $ 0.00000000 $ 5.62500416 %6.75000499
1A8 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
1A3 $ 0.00000000 $ 0.00000000 $ 7.01123694 %8.28669693
1A9 $ 0.00000000 $ 0.00000000 $ 4.80307740 %6.75000141
RL $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
1S $ 0.00000000 $ 0.00000000 $ 0.21657054 %0.26691539
2A1 $ 6.45990599 $ 5.48269557 $ 5.32716901 %6.75000009
2A2 $ 0.00000000 $ 0.00000000 $ 5.62500137 %6.75000164
2A3 $ 0.00000000 $ 0.00000000 $ 5.62500042 %6.75000050
2A4 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
2A5 $ 7.64852860 $ 6.49151140 $ 5.27236800 %6.74999997
2A6 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
2A7 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
2A8 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
2A9 $ 0.00000000 $ 0.00000000 $ 5.62500000 %6.75000000
2S $ 0.00000000 $ 0.00000000 $ 0.24199788 %0.30575581
M $ 0.85309244 $ 0.85309244 $ 5.60621508 %6.75000048
B1 $ 0.85309207 $ 0.85309207 $ 5.60621341 %6.74999847
B2 $ 0.85309228 $ 0.85309228 $ 5.60621562 %6.75000111
B3 $ 0.85309258 $ 0.85309258 $ 5.60621309 %6.74999809
B4 $ 0.85309073 $ 0.85309073 $ 5.60621137 %6.74999600
B5 $ 0.85309372 $ 0.85309372 $ 5.60621081 %6.74999535
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
1A3 $ 292,994.35
1A9 $ 23,458.23
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 97,018.83
------------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 485,749,181.65
------------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,470
----------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RT96
1PO $ 2,884,906.39 $ 2,854,655.53 $ 979.11 GEC9991PO
2PO $ 517,207.37 $ 516,652.47 $ 976.00 GEC9992PO
1A1 $ 96,141,891.39 $ 95,265,043.11 $ 966.54 36157RT21
1A2 $ 32,000,000.00 $ 32,000,000.00 $ 1,000.00 36157RS89
1A4 $ 47,921,121.08 $ 47,374,562.17 $ 946.71 36157RT39
1A5 $ 0.00 $ 0.00 $ 0.00 36157RT47
1A6 $ 38,000,000.00 $ 38,000,000.00 $ 1,000.00 36157RT54
1A7 $ 1,203,000.00 $ 1,203,000.00 $ 1,000.00 36157RT62
1A8 $ 62,652,000.00 $ 62,652,000.00 $ 1,000.00 36157RT70
1A3 $ 72,190,883.86 $ 72,483,878.21 $ 1,019.42 36157RS97
1A9 $ 4,170,351.13 $ 4,193,809.35 $ 858.68 36157RT88
RL $ 0.00 $ 0.00 $ 0.00 36157RU29
1S $ 243,750,047.21 $ 243,510,151.66 $ 972.70 GEC99091S
2A1 $ 36,366,806.63 $ 36,118,746.24 $ 940.59 36157RU37
2A2 $ 3,653,000.00 $ 3,653,000.00 $ 1,000.00 36157RU45
2A3 $ 12,039,000.00 $ 12,039,000.00 $ 1,000.00 36157RU52
2A4 $ 1,750,000.00 $ 1,750,000.00 $ 1,000.00 36157RU60
2A5 $ 46,865,493.55 $ 46,483,067.12 $ 929.66 36157RU78
2A6 $ 2,000,000.00 $ 2,000,000.00 $ 1,000.00 36157RU86
2A7 $ 2,600,000.00 $ 2,600,000.00 $ 1,000.00 36157RU94
2A8 $ 1,000,000.00 $ 1,000,000.00 $ 1,000.00 36157RV28
2A9 $ 3,600,000.00 $ 3,600,000.00 $ 1,000.00 36157RV36
2S $ 88,290,104.09 $ 87,683,551.27 $ 943.24 GEC99092S
M $ 9,240,038.46 $ 9,232,129.44 $ 995.81 36157RV44
B1 $ 3,745,449.74 $ 3,742,243.82 $ 995.81 36157RV51
B2 $ 2,246,472.52 $ 2,244,549.64 $ 995.81 36157RV69
B3 $ 2,497,630.93 $ 2,495,493.08 $ 995.81 36157RV77
B4 $ 999,650.37 $ 998,794.72 $ 995.81 36157RV85
B5 $ 1,249,625.75 $ 1,248,556.13 $ 995.81 36157RV93
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 $ 1,733,412.93
-------- -------------
2. 60-89 days
Number 1 Principal Balance $ 309,989.50
-------- -------------
3. 90 days or more
Number 2 Principal Balance $ 527,384.42
-------- -------------
4. In Foreclosure
Number 1 Principal Balance $ 197,684.81
-------- -------------
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: $ 5,011,339.00
---------------
2. Bankruptcy Loss Amount: $ 165,208.00
---------------
3. Fraud Loss Amount: $ 5,011,339.00
---------------
4. Certificate Interest Rate of the Class S Certificate: % 0.26691539
------------
F. Ending Notional Component Balances (if applicable):
Ending Notional Balance
Class
Class 1A3_1 $ 0.00
Class 1A3_2 $ 0.00
Class 1A3_3 $ 147,368,043.11
Class 1A3_4 $ 110,026,562.17
Ending Component Principal Balances (if applicable):
Ending Component Balance
Class
Class 1A3_1 $ 20,103,000.00
Class 1A3_2 $ 52,380,878.21
Class 1A3_3 $ 0.00
Class 1A3_4 $ 0.00
Exhibit 99.21
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
September, 1999
Series 1999-11, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1999 (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 $ 793,195.28
---------------
(b) Interest $ 5,548,801.91
---------------
(c) Total $ 6,341,997.19
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 623,798.53
---------------
(b) Interest $ 4,362,936.32
---------------
(c) Total $ 4,986,734.85
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 169,396.75
---------------
(b) Interest $ 1,185,865.59
---------------
(c) Total $ 1,355,262.34
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 98,948.57
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 3,637,362.73
---------------
(b) Interest $ 22,112.22
---------------
(c) Total $ 3,659,474.95
---------------
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: $ 927,153,130.92
---------------
13. Available Funds: $ 9,905,148.51
---------------
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: $ 1,969.07
---------------
18. Total interest payments: $ 5,375,641.92
---------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 %0.000000000
PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
A1 $ 153,408.89 $ 0.00 $ 153,408.89 %5.950000013
A2 $ 228,536.00 $ 0.00 $ 228,536.00 %6.000000000
A3 $ 892,574.07 $ 0.00 $ 892,574.07 %6.249999980
A4 $ 194,334.68 $ 0.00 $ 194,334.68 %5.638750034
A5 $ 98,610.53 $ 0.00 $ 98,610.53 %2.861250135
A6 $ 1,256,687.38 $ 0.00 $ 1,256,687.38 %6.500000022
A7 $ 800,753.53 $ 0.00 $ 800,753.53 %6.500000030
A8 $ 286,255.60 $ 0.00 $ 286,255.60 %6.500000036
A9 $ 5,505.17 $ 0.00 $ 0.00 %6.500005736
A10 $ 102,533.15 $ 0.00 $ 102,533.15 %6.500000317
A11 $ 36,259.17 $ 0.00 $ 36,259.17 %6.500000598
A12 $ 8,706.67 $ 0.00 $ 8,706.67 %8.000003063
A13 $ 100,034.79 $ 0.00 $ 100,034.79 %5.838749813
A14 $ 45,594.96 $ 0.00 $ 45,594.96 %8.649062447
A15 $ 0.00 $ 0.00 $ 0.00 %0.000000000
A16 $ 7,045.88 $ 0.00 $ 0.00 %6.500004028
A17 $ 27,525.83 $ 0.00 $ 0.00 %6.500001013
A18 $ 31,669.04 $ 0.00 $ 31,669.04 %6.749999467
A19 $ 32,841.97 $ 0.00 $ 32,841.97 %7.000000000
A20 $ 0.00 $ 0.00 $ 0.00 %0.000000000
A21 $ 11,523.90 $ 0.00 $ 0.00 %6.499999758
A22 $ 515,883.47 $ 0.00 $ 515,883.47 %6.500000016
S $ 333,517.02 $ 0.00 $ 333,517.02 %0.452536343
RL $ 0.00 $ 0.00 $ 0.00 %0.000000000
M $ 95,201.84 $ 0.00 $ 95,201.84 %6.500000044
B1 $ 38,594.03 $ 0.00 $ 38,594.03 %6.500000668
B2 $ 23,157.50 $ 0.00 $ 23,157.50 %6.500001063
B3 $ 25,729.35 $ 0.00 $ 25,729.35 %6.499999831
B4 $ 10,292.82 $ 0.00 $ 10,292.82 %6.499999429
B5 $ 12,864.68 $ 0.00 $ 12,864.68 %6.500000099
20. Principal Distribution Amount: $ 4,529,506.59
--------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 22,045.97 $ 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 $ 1,825,992.90 $ 0.00
Class A7 $ 1,362,090.88 $ 0.00
Class A8 $ 486,924.04 $ 0.00
Class A9 $ 0.01 $ 5,505.17
Class A10 $ 0.00 $ 0.00
Class A11 $ 0.00 $ 0.00
Class A12 $ 0.00 $ 0.00
Class A13 $ 189,431.32 $ 0.00
Class A14 $ 58,286.56 $ 0.00
Class A15 $ 0.00 $ 0.00
Class A16 $ 452,990.13 $ 7,045.88
Class A17 $ 0.00 $ 27,525.83
Class A18 $ 0.00 $ 0.00
Class A19 $ 0.00 $ 0.00
Class A20 $ 0.00 $ 0.00
Class A21 $ 150,996.71 $ 11,523.90
Class A22 $ 0.00 $ 0.00
Class S $ 0.00 $ 0.00
Class RL $ 0.00 $ 0.00
Class M $ 14,961.46 $ 0.00
Class B1 $ 6,065.25 $ 0.00
Class B2 $ 3,639.32 $ 0.00
Class B3 $ 4,043.50 $ 0.00
Class B4 $ 1,617.57 $ 0.00
Class B5 $ 2,021.75 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
---------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
---------------
24. Subordinate Certificate Writedown Amount: $ 0.00
---------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
--------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class A4 % 5.63875003
Class A5 % 2.86125014
Class A13 % 5.83874981
Class A14 % 8.64906245
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: $ 192,575.66
-----------
3. Supplemental Servicing Fee amount: $ N/A
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category A Category B Category C
5. Senior Percentage: % 95.916268 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: % 4.083732
-----------
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
-------------------------------
Tim Neer
Vice President
Investor Operations
Exhibit 99.22
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
September, 1999
Series 1999-11, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1999 (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 % 7.176886
------------------------
Weighted average maturity 351.58
------------------------
A. Amount of distribution allocable to principal and interest: The amounts
below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
PO $ 19.06687094 $ 18.15347439 $ 0.00000000 % 0.00000000
A1 $ 0.00000000 $ 0.00000000 $ 4.95833334 % 5.95000001
A2 $ 0.00000000 $ 0.00000000 $ 5.00000000 % 6.00000000
A3 $ 0.00000000 $ 0.00000000 $ 5.20833332 % 6.24999998
A4 $ 0.00000000 $ 0.00000000 $ 4.69895836 % 5.63875003
A5 $ 0.00000000 $ 0.00000000 $ 2.38437511 % 2.86125014
A6 $ 7.72907048 $ 6.41681879 $ 5.31931166 % 6.50000002
A7 $ 9.02053894 $ 7.48902005 $ 5.30304439 % 6.50000003
A8 $ 9.02053899 $ 7.48902009 $ 5.30304439 % 6.50000004
A9 $ 0.00000000 $ 0.00000000 $ 5.50517000 % 6.50000574
A10 $ 0.00000000 $ 0.00000000 $ 5.41666693 % 6.50000032
A11 $ 0.00000000 $ 0.00000000 $ 5.41666716 % 6.50000060
A12 $ 0.00000000 $ 0.00000000 $ 6.66666922 % 8.00000306
A13 $ 9.02053905 $ 7.48902000 $ 4.76356143 % 5.83874981
A14 $ 9.02053969 $ 7.48902042 $ 7.05636336 % 8.64906245
A15 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
A16 $ 89.18885000 $ 75.21617400 $ 1.40917600 % 6.50000403
A17 $ 0.00000000 $ 0.00000000 $ 5.50516600 % 6.50000101
A18 $ 0.00000000 $ 0.00000000 $ 5.62499956 % 6.74999947
A19 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
A20 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
A21 $ 27.89456200 $ 25.07205800 $ 2.30478000 % 6.49999976
A22 $ 0.00000000 $ 0.00000000 $ 5.41666668 % 6.50000002
S $ 0.00000000 $ 0.00000000 $ 0.36893091 % 0.45253634
RL $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
M $ 0.84911805 $ 0.00000000 $ 5.40305562 % 6.50000004
B1 $ 0.84911802 $ 0.00000000 $ 5.40305614 % 6.50000067
B2 $ 0.84911806 $ 0.00000000 $ 5.40305646 % 6.50000106
B3 $ 0.84911802 $ 0.00000000 $ 5.40305544 % 6.49999983
B4 $ 0.84911811 $ 0.00000000 $ 5.40305512 % 6.49999943
B5 $ 0.84911772 $ 0.00000000 $ 5.40305566 % 6.50000010
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
A9 $ 5,505.17
A16 $ 7,045.88
A17 $ 27,525.83
A21 $ 11,523.90
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 192,575.66
------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 927,153,130.92
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 2,843
---------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157R2E4
PO $ 1,130,202.02 $ 1,108,156.05 $ 958.41 GEC9911PO
A1 $ 30,939,608.00 $ 30,939,608.00 $ 1,000.00 36157RX83
A2 $ 45,707,200.00 $ 45,707,200.00 $ 1,000.00 36157RX91
A3 $ 171,374,222.00 $ 171,374,222.00 $ 1,000.00 36157RY25
A4 $ 41,356,970.00 $ 41,356,970.00 $ 1,000.00 36157RY33
A5 $ 41,356,970.00 $ 41,356,970.00 $ 1,000.00 36157RY41
A6 $ 232,003,823.20 $ 230,177,830.30 $ 974.30 36157RY58
A7 $ 147,831,420.23 $ 146,469,329.35 $ 970.00 36157RY66
A8 $ 52,847,187.40 $ 52,360,263.36 $ 970.00 36157RY74
A9 $ 1,016,338.18 $ 1,021,843.34 $ 1,021.84 36157RY82
A10 $ 18,929,196.00 $ 18,929,196.00 $ 1,000.00 36157RY90
A11 $ 6,694,000.00 $ 6,694,000.00 $ 1,000.00 36157RZ24
A12 $ 1,306,000.00 $ 1,306,000.00 $ 1,000.00 36157RZ32
A13 $ 20,559,495.07 $ 20,370,063.76 $ 970.00 36157RZ40
A14 $ 6,325,998.03 $ 6,267,711.48 $ 970.00 36157RZ57
A15 $ 0.00 $ 0.00 $ 0.00 36157RZ65
A16 $ 1,300,777.04 $ 854,832.79 $ 170.97 36157RZ73
A17 $ 5,081,690.90 $ 5,109,216.72 $ 1,021.84 36157RZ81
A18 $ 5,630,052.00 $ 5,630,052.00 $ 1,000.00 36157RZ99
A19 $ 5,630,052.00 $ 5,630,052.00 $ 1,000.00 36157R2A2
A20 $ 649,621.00 $ 649,621.00 $ 1,000.00 36157R2B0
A21 $ 2,127,489.31 $ 1,988,016.50 $ 397.60 36157R2C8
A22 $ 95,240,025.00 $ 95,240,025.00 $ 1,000.00 36157R2D6
S $ 884,393,994.15 $ 880,215,765.08 $ 973.68 GEC99011S
RL $ 0.00 $ 0.00 $ 0.00 36157R2F1
M $ 17,575,724.19 $ 17,560,762.74 $ 996.64 36157R2G9
B1 $ 7,125,050.96 $ 7,118,985.71 $ 996.64 36157R2H7
B2 $ 4,275,230.07 $ 4,271,590.75 $ 996.64 36157R2J3
B3 $ 4,750,033.97 $ 4,745,990.47 $ 996.64 36157R2N4
B4 $ 1,900,213.09 $ 1,898,595.52 $ 996.64 36157R2P9
B5 $ 2,375,017.81 $ 2,372,996.06 $ 996.64 36157R2Q7
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 17 Principal Balance $ 5,057,174.24
-------- -------------
2. 60-89 days
Number 2 Principal Balance $ 558,984.42
-------- -------------
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
A4 % 5.63875003
A5 % 2.86125014
A13 % 5.83874981
A14 % 8.64906245
E. Other Information:
1. Special Hazard Loss Amount: $ 9,524,003.00
---------------
2. Bankruptcy Loss Amount: $ 323,391.00
---------------
3. Fraud Loss Amount: $ 9,524,003.00
---------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
G.
Rounding Amount
Opening Reimbursement (Withdrawl) Closing
Class Balance Amount Balance
- ----- ------- ------ --------------- -------
A12-INT $ 26,120.00 $ 0.00 $ 0.00 $ 19,590.00
A11 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A12 $ 999.99 $ 0.00 $ 0.00 $ 999.99
Exhibit 99.23
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
September, 1999
Series 1999-12, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1999 (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 $ 686,923.17
---------------
(b) Interest $ 1,053,044.47
---------------
(c) Total $ 1,739,967.64
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 514,903.82
---------------
(b) Interest $ 771,650.19
---------------
(c) Total $ 1,286,554.01
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 172,019.35
---------------
(b) Interest $ 281,394.28
---------------
(c) Total $ 453,413.63
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 211,870.36
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 362,948.15
---------------
(b) Interest $ 1,927.10
---------------
(c) Total $ 364,875.25
---------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
---------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
12. Pool Scheduled Principal Balance: $ 183,354,182.93
---------------
13. Available Funds: $ 2,279,009.99
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
--------------
17. Compensating Interest Payment: $ 1,308.46
--------------
18. Total interest payments: $ 1,017,268.30
--------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A1 $ 64,053.72 $ 0.00 $ 64,053.72 % 6.250000310
A2 $ 224,341.38 $ 0.00 $ 224,341.38 % 6.249999885
A3 $ 648,361.78 $ 0.00 $ 648,361.78 % 6.249999983
S $ 58,177.47 $ 0.00 $ 58,177.47 % 0.416090211
M $ 8,928.73 $ 0.00 $ 8,928.73 % 6.249997776
B1 $ 3,477.72 $ 0.00 $ 3,477.72 % 6.249993635
B2 $ 2,977.96 $ 0.00 $ 2,977.96 % 6.249996283
B3 $ 3,472.57 $ 0.00 $ 3,472.57 % 6.249997563
B4 $ 1,983.59 $ 0.00 $ 1,983.59 % 6.249998523
B5 $ 1,493.38 $ 0.00 $ 1,493.38 % 6.250008937
20. Principal Distribution Amount: $ 1,261,741.69
---------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 1,820.39 $ 0.00
Class A1 $ 45,761.55 $ 0.00
Class A2 $ 337,212.43 $ 0.00
Class A3 $ 860,991.38 $ 0.00
Class S $ 0.00 $ 0.00
Class M $ 6,378.91 $ 0.00
Class B1 $ 2,484.57 $ 0.00
Class B2 $ 2,127.53 $ 0.00
Class B3 $ 2,480.89 $ 0.00
Class B4 $ 1,417.13 $ 0.00
Class B5 $ 1,066.91 $ 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: $ 39,970.28
----------
3. Supplemental Servicing Fee amount: $ N/A
----------
4. Credit Losses for prior month: $ 0.00
----------
Category A Category B Category C
5. Senior Percentage: % 97.671341 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: % 2.328659
-----------
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
-------------------------------
Tim Neer
Vice President
Investor Operations
Exhibit 99.24
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
September, 1999
Series 1999-12, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of May 1, 1999 (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 % 6.865649
----------------------
Weighted average maturity 170.26
----------------------
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 $ 3.63768230 $ 0.19043783 $ 0.00000000 %0.00000000
A1 $ 3.68084621 $ 1.70058424 $ 5.15218328 %6.25000031
A2 $ 7.42882803 $ 3.43218546 $ 4.94226601 %6.24999989
A3 $ 6.62301062 $ 3.05989062 $ 4.98739831 %6.24999998
S $ 0.00000000 $ 0.00000000 $ 0.33301987 %0.41609021
M $ 3.68084824 $ 0.00000000 $ 5.15218119 %6.24999778
B1 $ 3.68084444 $ 0.00000000 $ 5.15217778 %6.24999364
B2 $ 3.68084775 $ 0.00000000 $ 5.15217993 %6.24999628
B3 $ 3.68084570 $ 0.00000000 $ 5.15218101 %6.24999756
B4 $ 3.68085714 $ 0.00000000 $ 5.15218182 %6.24999852
B5 $ 3.68086048 $ 0.00000000 $ 5.15219037 %6.25000894
2. Unanticipated Recoveries: $ 0.00
--------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 39,970.28
------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 183,354,182.93
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 635
--------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157RX42
PO $ 470,483.10 $ 468,662.71 $ 936.53 GEC9912PO
A1 $ 12,298,313.63 $ 12,252,552.08 $ 985.54 36157RW92
A2 $ 43,073,545.75 $ 42,736,333.32 $ 941.49 36157RX26
A3 $ 124,485,462.10 $ 123,624,470.72 $ 950.96 36157RX34
S $ 167,783,240.64 $ 166,581,416.52 $ 953.55 GEC99012S
M $ 1,714,316.77 $ 1,707,937.86 $ 985.54 36157RX59
B1 $ 667,722.92 $ 665,238.35 $ 985.54 36157RX67
B2 $ 571,768.66 $ 569,641.13 $ 985.54 36157RX75
B3 $ 666,733.70 $ 664,252.81 $ 985.54 36157R2K0
B4 $ 380,849.37 $ 379,432.24 $ 985.54 36157R2L8
B5 $ 286,728.55 $ 285,661.65 $ 985.54 36157R2M6
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 7 Principal Balance $ 1,242,254.92
-------- -------------
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: $ 1,926,601.00
---------------
2. Bankruptcy Loss Amount: $ 100,000.00
---------------
3. Fraud Loss Amount: $ 1,926,601.00
---------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
------------
Exhibit 99.25
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
September, 1999
Series 1999-13, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1999 (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 $ 409,714.04
---------------
(b) Interest $ 2,915,995.92
---------------
(c) Total $ 3,325,709.96
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 277,951.19
---------------
(b) Interest $ 1,988,078.53
---------------
(c) Total $ 2,266,029.72
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 131,762.85
---------------
(b) Interest $ 927,917.39
---------------
(c) Total $ 1,059,680.24
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 59,619.08
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 1,224,473.61
---------------
(b) Interest $ 7,404.48
---------------
(c) Total $ 1,231,878.09
---------------
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: $ 488,569,839.12
---------------
13. Available Funds: $ 4,511,889.47
---------------
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: $ 3,045.88
--------------
18. Total interest payments: $ 2,818,082.74
--------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 %0.000000000
PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
A1 $ 213,653.18 $ 0.00 $ 213,653.18 %6.500000007
A2 $ 77,066.83 $ 0.00 $ 77,066.83 %6.388749911
A3 $ 258,007.90 $ 0.00 $ 258,007.90 %6.499999923
A4 $ 19,436.35 $ 0.00 $ 19,436.35 %5.754465557
A5 $ 14,886.03 $ 0.00 $ 14,886.03 %7.000002351
A6 $ 27,489.09 $ 0.00 $ 27,489.09 %6.999999151
A7 $ 11,666.67 $ 0.00 $ 11,666.67 %7.000002000
A8 $ 177,471.30 $ 0.00 $ 177,471.30 %7.500000166
A9 $ 675,293.58 $ 0.00 $ 675,293.58 %5.999999988
A10 $ 159,724.17 $ 0.00 $ 159,724.17 %6.750000150
A11 $ 571,171.99 $ 0.00 $ 571,171.99 %7.000000033
A12 $ 112,162.92 $ 0.00 $ 112,162.92 %6.500000193
A13 $ 20,113.33 $ 0.00 $ 20,113.33 %6.999998840
A14 $ 0.00 $ 0.00 $ 0.00 %0.000000000
A15 $ 24,523.33 $ 0.00 $ 24,523.33 %6.999999049
A16 $ 6,653.74 $ 0.00 $ 6,653.74 %6.999994740
A17 $ 169,225.00 $ 0.00 $ 169,225.00 %6.000000000
S $ 164,909.26 $ 0.00 $ 164,909.26 %0.422489855
M $ 56,689.69 $ 0.00 $ 56,689.69 %6.499999611
B1 $ 20,208.85 $ 0.00 $ 20,208.85 %6.499999696
B2 $ 12,124.23 $ 0.00 $ 12,124.23 %6.500000536
B3 $ 13,470.76 $ 0.00 $ 13,470.76 %6.499997748
B4 $ 5,386.14 $ 0.00 $ 5,386.14 %6.499996651
B5 $ 6,748.40 $ 0.00 $ 6,748.40 %6.500004808
20. Principal Distribution Amount: $ 1,693,806.73
---------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 514.98 $ 0.00
Class A1 $ 289,612.99 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 39,801.56 $ 0.00
Class A4 $ 0.00 $ 0.00
Class A5 $ 0.00 $ 0.00
Class A6 $ 0.00 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A8 $ 118,122.93 $ 0.00
Class A9 $ 702,627.79 $ 0.00
Class A10 $ 118,122.93 $ 0.00
Class A11 $ 407,320.46 $ 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 A16 $ 0.00 $ 0.00
Class A17 $ 0.00 $ 0.00
Class S $ 0.00 $ 0.00
Class M $ 8,745.23 $ 0.00
Class B1 $ 3,117.52 $ 0.00
Class B2 $ 1,870.34 $ 0.00
Class B3 $ 2,078.07 $ 0.00
Class B4 $ 830.89 $ 0.00
Class B5 $ 1,041.04 $ 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
--------------
26. The Certificate Interest Rate applicable to the Interest Accrual Period
relating to such Distribution Date applicable to any floating index
certificate.
Class Certificate Interest
Rates
Class A2 % 6.38874991
Class A4 % 5.75446556
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: $ 101,365.71
-----------
3. Supplemental Servicing Fee amount: $ N/A
-----------
4. Credit Losses for prior month: $ 0.00
-----------
Category A Category B Category C
5. Senior Percentage: % 95.679586 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: % 4.320414
-----------
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
-------------------------------
Tim Neer
Vice President
Investor Operations
Exhibit 99.26
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
September, 1999
Series 1999-13, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1999 (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 % 7.156951
-------------------------
Weighted average maturity 354.04
-------------------------
A. Amount of distribution allocable to principal and interest: The amounts
below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
PO $ 1.14890257 $ 0.20623044 $ 0.00000000 %0.00000000
A1 $ 7.07650369 $ 5.42264600 $ 5.22047549 %6.50000001
A2 $ 0.00000000 $ 0.00000000 $ 5.32395826 %6.38874991
A3 $ 0.83422962 $ 0.63926082 $ 5.40777380 %6.49999992
A4 $ 0.00000000 $ 0.00000000 $ 4.79538796 %5.75446556
A5 $ 0.00000000 $ 0.00000000 $ 5.83333529 %7.00000235
A6 $ 0.00000000 $ 0.00000000 $ 5.83333263 %6.99999915
A7 $ 0.00000000 $ 0.00000000 $ 5.83333500 %7.00000200
A8 $ 4.07320448 $ 3.12125138 $ 6.11970000 %7.50000017
A9 $ 5.06745368 $ 3.88313332 $ 4.87031539 %5.99999999
A10 $ 4.07320448 $ 3.12125138 $ 5.50773000 %6.75000015
A11 $ 4.07320460 $ 3.12125130 $ 5.71171990 %7.00000003
A12 $ 0.00000000 $ 0.00000000 $ 5.41666683 %6.50000019
A13 $ 0.00000000 $ 0.00000000 $ 5.83333237 %6.99999884
A14 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
A15 $ 0.00000000 $ 0.00000000 $ 5.83333254 %6.99999905
A16 $ 0.00000000 $ 0.00000000 $ 5.83332895 %6.99999474
A17 $ 0.00000000 $ 0.00000000 $ 5.00000000 %6.00000000
S $ 0.00000000 $ 0.00000000 $ 0.34585172 %0.42248986
M $ 0.83422971 $ 0.00000000 $ 5.40777354 %6.49999961
B1 $ 0.83423067 $ 0.00000000 $ 5.40777362 %6.49999970
B2 $ 0.83422837 $ 0.00000000 $ 5.40777431 %6.50000054
B3 $ 0.83423123 $ 0.00000000 $ 5.40777198 %6.49999775
B4 $ 0.83422691 $ 0.00000000 $ 5.40777108 %6.49999665
B5 $ 0.83422931 $ 0.00000000 $ 5.40777785 %6.50000481
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 101,365.71
-----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 488,569,839.12
-----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,458
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157R3J2
PO $ 447,002.71 $ 446,487.73 $ 996.10 GEC9913PO
A1 $ 39,443,663.96 $ 39,154,050.97 $ 956.70 36157R2R5
A2 $ 14,475,476.00 $ 14,475,476.00 $ 1,000.00 36157R2S3
A3 $ 47,632,228.26 $ 47,592,426.70 $ 997.52 36157R2T1
A4 $ 4,053,134.00 $ 4,053,134.00 $ 1,000.00 36157R2U8
A5 $ 2,551,890.00 $ 2,551,890.00 $ 1,000.00 36157R2V6
A6 $ 4,712,416.00 $ 4,712,416.00 $ 1,000.00 36157R2W4
A7 $ 2,000,000.00 $ 2,000,000.00 $ 1,000.00 36157R2X2
A8 $ 28,395,407.37 $ 28,277,284.44 $ 975.08 36157R2Y0
A9 $ 135,058,716.26 $ 134,356,088.47 $ 969.00 36157R2Z7
A10 $ 28,395,407.37 $ 28,277,284.44 $ 975.08 36157R3A1
A11 $ 97,915,197.83 $ 97,507,877.38 $ 975.08 36157R3B9
A12 $ 20,707,000.00 $ 20,707,000.00 $ 1,000.00 36157R3C7
A13 $ 3,448,000.00 $ 3,448,000.00 $ 1,000.00 36157R3D5
A14 $ 676,358.00 $ 676,358.00 $ 1,000.00 36157R3E3
A15 $ 4,204,000.00 $ 4,204,000.00 $ 1,000.00 36157R3F0
A16 $ 1,140,642.00 $ 1,140,642.00 $ 1,000.00 36157R3G8
A17 $ 33,845,000.00 $ 33,845,000.00 $ 1,000.00 36157R3H6
S $ 468,392,577.13 $ 466,723,383.93 $ 978.82 GEC99013S
M $ 10,465,789.55 $ 10,457,044.32 $ 997.52 36157R3K9
B1 $ 3,730,864.79 $ 3,727,747.27 $ 997.52 36157R3L7
B2 $ 2,238,319.20 $ 2,236,448.86 $ 997.52 36157R3M5
B3 $ 2,486,910.40 $ 2,484,832.34 $ 997.52 36157R3N3
B4 $ 994,364.82 $ 993,533.93 $ 997.52 36157R3P8
B5 $ 1,245,857.54 $ 1,244,816.50 $ 997.52 36157R3Q6
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 7 Principal Balance $ 2,590,900.90
-------- -------------
2. 60-89 days
Number 3 Principal Balance $ 798,586.26
-------- -------------
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
A2 % 6.38874991
A4 % 5.75446556
E. Other Information:
1. Special Hazard Loss Amount: $ 4,987,507.00
----------------
2. Bankruptcy Loss Amount: $ 185,966.00
----------------
3. Fraud Loss Amount: $ 4,987,507.00
----------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
------------
G.
Rounding Amount
Opening Reimbursement (Withdrawl) Closing
Class Balance Amount Balance
- ----- ------- ------ --------------- -------
A7 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A13 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A15 $ 999.99 $ 0.00 $ 0.00 $ 999.99
A17 $ 999.99 $ 0.00 $ 0.00 $ 999.99
Exhibit 99.27
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
September, 1999
Series 1999-14, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1999 (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 $ 244,268.00
---------------
(b) Interest $ 1,793,394.65
---------------
(c) Total $ 2,037,662.65
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 230,365.98
---------------
(b) Interest $ 1,694,928.02
---------------
(c) Total $ 1,925,294.00
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 13,902.02
---------------
(b) Interest $ 98,466.63
---------------
(c) Total $ 112,368.65
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 67,764.51
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 552,767.04
---------------
(b) Interest $ 3,390.64
---------------
(c) Total $ 556,157.68
---------------
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: $ 298,113,871.37
---------------
13. Available Funds: $ 2,599,538.56
---------------
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: $ 1,327.42
---------------
18. Total interest payments: $ 1,734,739.01
---------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 %0.000000000
PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
A1 $ 53,583.19 $ 0.00 $ 53,583.19 %6.500000224
A2 $ 125,509.53 $ 0.00 $ 125,509.53 %6.500000136
A3 $ 163,074.17 $ 0.00 $ 163,074.17 %6.500000133
A4 $ 384,142.53 $ 0.00 $ 384,142.53 %6.499999930
A5 $ 402,934.27 $ 0.00 $ 402,934.27 %6.500000035
A6 $ 105,262.08 $ 0.00 $ 105,262.08 %6.499999794
A7 $ 16,309.58 $ 0.00 $ 16,309.58 %6.499998672
A8 $ 135,649.58 $ 0.00 $ 135,649.58 %6.499999840
A9 $ 162,500.00 $ 0.00 $ 162,500.00 %6.500000000
S $ 116,373.35 $ 0.00 $ 116,373.35 %0.481228218
M $ 34,313.56 $ 0.00 $ 34,313.56 %6.499999956
B1 $ 12,238.23 $ 0.00 $ 12,238.23 %6.499998528
B2 $ 7,338.61 $ 0.00 $ 7,338.61 %6.499997110
B3 $ 8,155.22 $ 0.00 $ 8,155.22 %6.500002750
B4 $ 3,261.01 $ 0.00 $ 3,261.01 %6.500009883
B5 $ 4,094.10 $ 0.00 $ 4,094.10 %6.499997989
20. Principal Distribution Amount: $ 864,799.55
---------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 226.25 $ 0.00
Class A1 $ 41,373.85 $ 0.00
Class A2 $ 304,105.02 $ 0.00
Class A3 $ 0.00 $ 0.00
Class A4 $ 254,639.30 $ 0.00
Class A5 $ 253,989.02 $ 0.00
Class A6 $ 0.00 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A8 $ 0.00 $ 0.00
Class A9 $ 0.00 $ 0.00
Class S $ 0.00 $ 0.00
Class M $ 5,174.73 $ 0.00
Class B1 $ 1,845.61 $ 0.00
Class B2 $ 1,106.71 $ 0.00
Class B3 $ 1,229.86 $ 0.00
Class B4 $ 491.78 $ 0.00
Class B5 $ 617.42 $ 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: $ 60,763.14
----------
3. Supplemental Servicing Fee amount: $ N/A
----------
4. Credit Losses for prior month: $ 0.00
----------
Category A Category B Category C
5. Senior Percentage: % 95.711678 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: % 4.288322
-----------
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
-------------------------------
Tim Neer
Vice President
Investor Operations
Exhibit 99.28
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
September, 1999
Series 1999-14, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1999 (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 % 7.213758
-------------------------
Weighted average maturity 354.97
-------------------------
A. Amount of distribution allocable to principal and interest: The amounts
below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
PO $ 1.10943496 $ 0.09375645 $ 0.00000000 %0.00000000
A1 $ 4.12295466 $ 2.99534429 $ 5.33963029 %6.50000022
A2 $ 12.55594633 $ 9.12194715 $ 5.18206152 %6.50000014
A3 $ 0.00000000 $ 0.00000000 $ 5.41666678 %6.50000013
A4 $ 3.54665655 $ 2.57666072 $ 5.35039807 %6.49999993
A5 $ 3.37464153 $ 2.45169111 $ 5.35361222 %6.50000004
A6 $ 0.00000000 $ 0.00000000 $ 5.41666650 %6.49999979
A7 $ 0.00000000 $ 0.00000000 $ 5.41666556 %6.49999867
A8 $ 0.00000000 $ 0.00000000 $ 5.41666653 %6.49999984
A9 $ 0.00000000 $ 0.00000000 $ 5.41666667 %6.50000000
S $ 0.00000000 $ 0.00000000 $ 0.39699010 %0.48122822
M $ 0.81556028 $ 0.00000000 $ 5.40796848 %6.49999996
B1 $ 0.81555899 $ 0.00000000 $ 5.40796730 %6.49999853
B2 $ 0.81555637 $ 0.00000000 $ 5.40796610 %6.49999711
B3 $ 0.81555703 $ 0.00000000 $ 5.40797082 %6.50000275
B4 $ 0.81555556 $ 0.00000000 $ 5.40797678 %6.50000988
B5 $ 0.81556066 $ 0.00000000 $ 5.40796684 %6.49999799
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 60,763.14
------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 298,113,871.37
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 905
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36158GFJ2
PO $ 203,471.54 $ 203,245.29 $ 996.63 GEC9914PO
A1 $ 9,892,280.89 $ 9,850,907.04 $ 981.65 36158GFA1
A2 $ 23,170,989.67 $ 22,866,884.65 $ 944.13 36158GFB9
A3 $ 30,106,000.00 $ 30,106,000.00 $ 1,000.00 36158GFC7
A4 $ 70,918,621.69 $ 70,663,982.40 $ 984.22 36158GFD5
A5 $ 74,387,864.83 $ 74,133,875.82 $ 984.98 36158GFE3
A6 $ 19,433,000.00 $ 19,433,000.00 $ 1,000.00 36158GFF0
A7 $ 3,011,000.00 $ 3,011,000.00 $ 1,000.00 36158GFG8
A8 $ 25,043,000.00 $ 25,043,000.00 $ 1,000.00 36158GFH6
A9 $ 30,000,000.00 $ 30,000,000.00 $ 1,000.00 36158GFN3
S $ 290,190,838.12 $ 289,335,220.74 $ 987.02 GEC99014S
M $ 6,334,811.12 $ 6,329,636.40 $ 997.58 36158GFK9
B1 $ 2,259,366.05 $ 2,257,520.44 $ 997.58 36158GFL7
B2 $ 1,354,820.91 $ 1,353,714.20 $ 997.58 36158GFM5
B3 $ 1,505,578.44 $ 1,504,348.57 $ 997.58 36158GFP8
B4 $ 602,031.70 $ 601,539.91 $ 997.58 36158GFQ6
B5 $ 755,834.08 $ 755,216.66 $ 997.58 36158GFR4
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 13 Principal Balance $ 4,605,323.39
-------- -------------
2. 60-89 days
Number 1 Principal Balance $ 280,000.00
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
----------
E. Other Information:
1. Special Hazard Loss Amount: $ 3,019,461.00
-------------
2. Bankruptcy Loss Amount: $ 110,800.00
-------------
3. Fraud Loss Amount: $ 3,019,461.00
-------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.29
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
SEPTEMBER 1999
REMIC Home Equity Loan Pass-Through Certificates,
Series 1999-HE2
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1999
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company"),
and The First National Bank of Chicago (the "Trustee"), governing the
Certificates referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
(1) Aggregate Monthly Payments Due: $2,392,238.43
-----------
(2) Aggregate Monthly Payments received and Monthly Advances made
this Month:
(a) Principal $447,833.98
-----------
(b) Interest $2,011,436.82
-----------
(c) Total $2,459,270.80
-----------
(3) Aggregate Principal Prepayments in part received on Self-
Amortizing Mortgage Loans and applied in the applicable
Prepayment Period:
(a) Principal $49,759.47
--------
(c) Total $49,759.47
--------
(4) Aggregate Principal Prepayments in full received in the
applicable Prepayment period:
(a) Principal $2,200,891.48
-----------
(b) Interest $24,218.14
-----------
(c) Total $2,225,109.62
-----------
(5) Aggregate Insurance Proceeds (inculding purchases of Mortgage
Loans by primary mortgage insurers) for prior month:
(a) Principal $0.00
---
(b) Interest $0.00
---
(c) Total $0.00
---
(6) Aggregate Liquidation Proceeds for prior month:
(a) Principal $0.00
---
(b) Interest $0.00
---
(c) Total $0.00
---
(7) Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $0.00
---
(b) Interest $0.00
---
(c) Total $0.00
---
(8) Aggregate Purchase Prices for (and substitution adjustments) for
Defective Mortgage Loans:
(a) Principal $0.00
---
(b) Interest $0.00
---
(c) Total $0.00
---
(9) Pool Principal Balance $266,036,746.64
-------------
(10) Available Funds: $4,728,637.73
-------------
(11) Realized Losses for prior month: $0.00
-------------
(12) 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
-------------
(13) Compensating Interest Payment: $3,301.68
-------------
(14) Net Simple Interest Shortfall: $0.00
---
(15) Net Simple Interest Excess: $0.00
---
(16) Simple Interest Shortfall Payment: $0.00
---
(17) Unpaid Net Simple Interest Shortfall:
Class A1 $0.00
---
Class A2 $0.00
---
Class A3 $0.00
---
Class A4 $0.00
---
Class A5 $0.00
---
Class A6 $0.00
---
Class S $0.00
---
Class M $0.00
---
Class B1 $0.00
---
Class B2 $0.00
---
Class B3 $0.00
---
Class B4 $0.00
---
Class B5 $0.00
---
(18) Class Certificate Interest Rate:
Class A5 7.510%
--
Class M 7.560%
--
Class B1 7.905%
--
Class B2 9.165%
--
Class B3 9.157%
--
Class B4 9.157%
--
Class B5 9.157%
--
Class S 2.09%
--
(19) Accrued Certificate Interest and Pay-out Rate:
Class A1 $378,034.10 6.380%
--------------------------
Class A2 $171,920.83 6.655%
--------------------------
Class A3 $301,216.67 6.820%
--------------------------
Class A4 $193,866.67 7.270%
--------------------------
Class A5 $86,659.14 7.510%
--------------------------
Class A6 $139,820.83 7.295%
--------------------------
Class S $464,397.59 2.09%
--------------------------
Class M $94,079.09 7.560%
--------------------------
Class B1 $44,715.32 7.905%
--------------------------
Class B2 $41,475.62 9.165%
--------------------------
Class B3 $31,082.55 9.157%
--------------------------
Class B4 $31,082.55 9.157%
--------------------------
Class B5 $51,801.84 9.157%
--------------------------
Total $2,030,152.80
(20) Principal distributable:
Class A1 $2,627,639.04
-----------
Class A2 $0.00
-----------
Class A3 $0.00
-----------
Class A4 $0.00
-----------
Class A5 $0.00
-----------
Class A6 $0.00
-----------
Class M $25,137.84
-----------
Class B1 $11,426.44
-----------
Class B2 $9,141.49
-----------
Class B3 $6,856.54
-----------
Class B4 $6,856.54
-----------
Class B5 $11,427.03
-----------
Class R1 $0.00
-----------
Class R2 $0.00
-----------
Total $2,698,484.93
(21) Additional distributions to the Class R1 Certificate pursuant to
Section 2.05 (d) : $0.00
----
(22) Additional distributions to the Class R2 Certificate pursuant to
Section 4.01 (b) : $0.00
---
(23) Distributions Allocable to Unanticipated Recoveries:
Class A1 $0.00
---
Class A2 $0.00
---
Class A3 $0.00
---
Class A4 $0.00
---
Class A5 $0.00
---
Class A6 $0.00
---
Class M $0.00
---
Class B1 $0.00
---
Class B2 $0.00
---
Class B3 $0.00
---
Class B4 $0.00
---
Class B5 $0.00
---
Class R1 $0.00
---
Class R2 $0.00
---
B. Other Amounts:
1) Senior Percentage for such
Distribution Date 84.180323%
----
2) Senior Prepayment Percentage
for such Distribution Date 100.00%
----
3) Junior Percentage for such
Distribution Date 15.819677%
----
4) Junior Prepayment Percentage
for such Distribution Date 0.00%
----
5) Subordinate Certfificate Writedown Amount
for such Distribution Date $0.00
-----
6) Prepayment Distribution Triggers satisfied:
Yes No
Class B1 X
-----------------------------------
Class B2 X
-----------------------------------
Class B3 X
-----------------------------------
Class B4 X
-----------------------------------
Class B5 X
-----------------------------------
7) Class A6 Certificate Percentage
for such Distribution Date: 10.270122%
-------
8) Class A6 Distribution Percentage
for such Distribution Date: 0.00%
-------
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
- ------------------------------------------
Name: Tim Neer
Title: Vice President of Investor Operations
Exhibit 99.30
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
SEPTEMBER 1999
REMIC Home Equity Loan Pass-Through Certificates,
Series 1999-HE2
Pursuant to the Pooling and Servicing Agreement dated as of June 1, 1999
(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 $34.12518236
-----
Class A2 $0.00000000
-----
Class A3 $0.00000000
-----
Class A4 $0.00000000
-----
Class A5 $0.00000000
-----
Class A6 $0.00000000
-----
Class M $1.68011240
-----
Class B1 $1.68011240
-----
Class B2 $1.68011240
-----
Class B3 $1.68011240
-----
Class B4 $1.68011240
-----
Class B5 $1.68011240
-----
Class R1 $0.00000000
-----
Class R2 $0.00000000
-----
(2) Aggregate principal prepayments included in distribution:
Class A1 $2,250,650.95
-----------
Class A2 $0.00000000
-----------
Class A3 $0.00000000
-----------
Class A4 $0.00000000
-----------
Class A5 $0.00000000
-----------
Class A6 $0.00000000
-----------
Class M $0.00000000
-----------
Class B1 $0.00000000
-----------
Class B2 $0.00000000
-----------
Class B3 $0.00000000
-----------
Class B4 $0.00000000
-----------
Class B5 $0.00000000
-----------
Class R1 $0.00000000
-----------
Class R2 $0.00000000
-----------
(3) Amount of distribution allocable to interest Pay-out Rate:
Class A1 $4.90953382 6.380%
-----------------------------
Class A2 $5.54583333 6.655%
-----------------------------
Class A3 $5.68333333 6.820%
-----------------------------
Class A4 $6.05833333 7.270%
-----------------------------
Class A5 $6.25833333 7.510%
-----------------------------
Class A6 $6.07916667 7.295%
-----------------------------
Class S $1.74561444 2.09%
-----------------------------
Class M $6.28786882 7.560%
-----------------------------
Class B1 $6.57481521 7.905%
-----------------------------
Class B2 $7.62279335 9.165%
-----------------------------
Class B3 $7.61640484 9.157%
-----------------------------
Class B4 $7.61640484 9.157%
-----------------------------
Class B5 $7.61640484 9.157%
-----------------------------
(4) Amount of distribution allocable to Unanticipated Recoveries:
Class A1 $0.00
---------
Class A2 $0.00
---------
Class A3 $0.00
---------
Class A4 $0.00
---------
Class A5 $0.00
---------
Class A6 $0.00
---------
Class M $0.00
---------
Class B1 $0.00
---------
Class B2 $0.00
---------
Class B3 $0.00
---------
Class B4 $0.00
---------
Class B5 $0.00
---------
Class R1 $0.00
---------
Class R2 $0.00
---------
(5) Servicing Compensation: $111,994.86
---------
The amounts below are for the aggregate of all Certificates:
(6) Pool Principal Balance; $266,036,746.64
-------------
number of Mortgage
Loans: 3,541
-------------
(7) Class Certificate Principal Balance (or Notional Principal
Balance) of each Class; Certificate Principal Balance (or
Notional Principal Balance) of Single Certificate of each Class:
Single
Certificate
Class Class Balance Balance
----- ------------- -------
Class A1 $68,475,954.18 $889.29810625
---------------------------------------
Class A2 $31,000,000.00 $1,000.00000000
---------------------------------------
Class A3 $53,000,000.00 $1,000.00000000
---------------------------------------
Class A4 $32,000,000.00 $1,000.00000000
---------------------------------------
Class A5 $13,847,000.00 $1,000.00000000
---------------------------------------
Class A6 $23,000,000.00 $1,000.00000000
---------------------------------------
Class M $14,908,051.56 $996.39430269
---------------------------------------
Class B1 $6,776,477.65 $996.39430269
---------------------------------------
Class B2 $5,421,381.40 $996.39430269
---------------------------------------
Class B3 $4,066,285.15 $996.39430269
---------------------------------------
Class B4 $4,066,285.15 $996.39430269
---------------------------------------
Class B5 $6,776,826.62 $996.39430269
---------------------------------------
Class R1 $0.00 $0.00000000
---------------------------------------
Class R2 $0.00 $0.00000000
---------------------------------------
(8) Book value of real estate acquired on behalf of Certificate-
holders; number of $0.00
------------
related Mortgage Loans: 0
------------
(9) Aggregate Scheduled Principal Balance and number of delinquent
Mortgage Loans:
One Payment Delinquent $1,362,946.10
-----------
18
-----------
Two Payments Delinquent $952,063.09
-----------
9
-----------
Three or more Payments Delinquent $266,184.17
-----------
2
-----------
TOTAL $2,581,193.36
-----------
29
-----------
In foreclosure $780,826.16
-----------
9
-------------
(10) Aggregate Scheduled Principal Balance and number of replaced
Mortgage Loans: $0.00
----
0
----
(11) Unpaid Net Simple Interest
Shortfall:
Class A1 $0.00
----
Class A2 $0.00
----
Class A3 $0.00
----
Class A4 $0.00
----
Class A5 $0.00
----
Class A6 $0.00
----
Class S $0.00
----
Class M $0.00
----
Class B1 $0.00
----
Class B2 $0.00
----
Class B3 $0.00
----
Class B4 $0.00
----
Class B5 $0.00
----
(12) Class Certificate Interest Rate of:
Class M 7.560%
----
Class B1 7.905%
----
Class B2 9.165%
----
Class B3 9.157%
----
Class B4 9.157%
----
Class B5 9.157%
----
Class S 2.09%
----
(13) Senior Percentage for such Distribution Date 84.180323%
----
(14) Senior Prepayment Percentage
for such Distribution Date 100.00%
----
(15) Junior Percentage for such
Distribution Date 15.819677%
----
(16) Junior Prepayment Percentage
for such Distribution Date 0.00%
----
(17) Class A6 Certificate Percentage
for such Distribution Date 10.270122%
----
(18) Class A6 Distribution Percentage
for such Distribution Date 0.00%
----
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Tim Neer
- ----------------------------------------------------------------
Name: Tim Neer
Title: Vice President of Investor Operations
Exhibit 99.31
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
September, 1999
Series 1999-15, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1999 (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 $ 804,230.12
---------------
(b) Interest $ 5,995,592.48
---------------
(c) Total $ 6,799,822.60
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 640,537.11
---------------
(b) Interest $ 4,760,308.15
---------------
(c) Total $ 5,400,845.26
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 163,693.01
---------------
(b) Interest $ 1,235,284.33
---------------
(c) Total $ 1,398,977.34
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 181,590.69
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 4,534,154.34
---------------
(b) Interest $ 29,360.88
---------------
(c) Total $ 4,563,515.22
---------------
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: $ 991,155,690.68
---------------
13. Available Funds: $ 11,344,863.17
---------------
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: $ 3,622.95
----------------
18. Total interest payments: $ 5,824,888.01
----------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 %0.000000000
PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
A1 $ 449,138.79 $ 0.00 $ 449,138.79 %6.749999968
A2 $ 240,163.83 $ 0.00 $ 240,163.83 %6.750000000
A3 $ 276,760.43 $ 0.00 $ 276,760.43 %6.749999958
A4 $ 149,209.59 $ 0.00 $ 149,209.59 %6.999999961
A5 $ 28,125.00 $ 0.00 $ 28,125.00 %6.750000000
A6 $ 7,000.00 $ 0.00 $ 7,000.00 %7.000000000
A7 $ 1,750.00 $ 0.00 $ 1,750.00 %7.000000000
A8 $ 1,750.00 $ 0.00 $ 1,750.00 %7.000000000
A9 $ 1,750.00 $ 0.00 $ 1,750.00 %7.000000000
A10 $ 5,250.00 $ 0.00 $ 5,250.00 %7.000000000
A11 $ 21,875.00 $ 0.00 $ 21,875.00 %7.000000000
A12 $ 217,383.83 $ 0.00 $ 217,383.83 %6.999999893
A13 $ 556,117.22 $ 0.00 $ 556,117.22 %6.750000017
A14 $ 0.00 $ 0.00 $ 0.00 %0.000000000
A15 $ 8,830.78 $ 0.00 $ 8,830.78 %7.250001710
A16 $ 700,009.82 $ 0.00 $ 700,009.82 %6.749999956
A17 $ 379,116.41 $ 0.00 $ 379,116.41 %7.000000062
A18 $ 30,208.33 $ 0.00 $ 30,208.33 %7.249999200
A19 $ 60,416.67 $ 0.00 $ 60,416.67 %7.250000400
A20 $ 30,208.33 $ 0.00 $ 30,208.33 %7.249999200
A21 $ 140,577.14 $ 0.00 $ 140,577.14 %7.249999817
A22 $ 122,927.72 $ 0.00 $ 122,927.72 %6.749999870
A23 $ 172,828.97 $ 0.00 $ 172,828.97 %6.750000049
A24 $ 228,611.43 $ 0.00 $ 0.00 %6.749999885
A25 $ 520,965.87 $ 0.00 $ 520,965.87 %6.749999976
A26 $ 3,403.13 $ 0.00 $ 3,403.13 %6.750009917
A27 $ 305,141.89 $ 0.00 $ 305,141.89 %6.750000091
A28 $ 294,695.44 $ 0.00 $ 294,695.44 %6.750000057
2A1 $ 234,209.89 $ 0.00 $ 234,209.89 %6.749999992
2A2 $ 56,362.50 $ 0.00 $ 56,362.50 %7.500000000
2A3 $ 0.00 $ 0.00 $ 0.00 %0.000000000
2A4 $ 56,360.62 $ 0.00 $ 56,360.62 %7.500000166
2A5 $ 40,696.57 $ 0.00 $ 40,696.57 %6.749999793
1S $ 221,485.45 $ 0.00 $ 221,485.45 %0.365022256
2S $ 21,595.96 $ 0.00 $ 21,595.96 %0.360010843
M $ 118,564.77 $ 0.00 $ 118,564.77 %6.750000222
B1 $ 42,344.96 $ 0.00 $ 42,344.96 %6.749999873
B2 $ 25,404.73 $ 0.00 $ 25,404.73 %6.750000455
B3 $ 28,226.23 $ 0.00 $ 28,226.23 %6.750000759
B4 $ 11,291.61 $ 0.00 $ 11,291.61 %6.749997119
B5 $ 14,129.09 $ 0.00 $ 14,129.09 %6.750000087
20. Principal Distribution Amount: $ 5,519,975.16
---------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 7,652.22 $ 0.00
Class A1 $ 804,093.47 $ 0.00
Class A2 $ 210,137.80 $ 0.00
Class A3 $ 551,335.05 $ 0.00
Class A4 $ 0.00 $ 0.00
Class A5 $ 0.00 $ 0.00
Class A6 $ 0.00 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A8 $ 0.00 $ 0.00
Class A9 $ 0.00 $ 0.00
Class A10 $ 0.00 $ 0.00
Class A11 $ 0.00 $ 0.00
Class A12 $ 0.00 $ 0.00
Class A13 $ 783,897.48 $ 0.00
Class A14 $ 0.00 $ 0.00
Class A15 $ 0.00 $ 0.00
Class A16 $ 2,004,482.96 $ 0.00
Class A17 $ 0.00 $ 0.00
Class A18 $ 0.00 $ 0.00
Class A19 $ 0.00 $ 0.00
Class A20 $ 0.00 $ 0.00
Class A21 $ 0.00 $ 0.00
Class A22 $ 228,611.43 $ 0.00
Class A23 $ 0.00 $ 0.00
Class A24 $ 0.00 $ 228,611.43
Class A25 $ 0.00 $ 0.00
Class A26 $ 0.00 $ 0.00
Class A27 $ 804,093.47 $ 0.00
Class A28 $ 0.00 $ 0.00
Class 2A1 $ 319,878.45 $ 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 1S $ 0.00 $ 0.00
Class 2S $ 0.00 $ 0.00
Class M $ 16,999.12 $ 0.00
Class B1 $ 6,071.17 $ 0.00
Class B2 $ 3,642.38 $ 0.00
Class B3 $ 4,046.91 $ 0.00
Class B4 $ 1,618.93 $ 0.00
Class B5 $ 2,025.75 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.01
---------------
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: $ 191,139.99
------------
3. Supplemental Servicing Fee amount: $ N/A
------------
4. Credit Losses for prior month: $ 0.00
------------
Category A Category B Category C
5. Senior Percentage: % N/A N/A N/A N/A
----- ---- ------- --------
6. Group I Senior Percentage:
% N/A N/A N/A N/A
----- ---- ------- --------
7. Group II Senior Percentage:
% N/A N/A N/A N/A
----- ---- ------- --------
8. Senior Prepayment Percentage:
% N/A N/A N/A N/A
----- ---- ------- --------
9. Group I Senior Prepayment
Percentage: % N/A N/A N/A N/A
----- ---- ------- --------
10. Group II Senior Prepayment
Percentage: % N/A N/A N/A N/A
----- ---- ------- --------
11. Junior Percentage: % N/A
-----
12. Junior Prepayment Percentage:
% N/A
-----
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/Tim Neer
-------------------------------
Tim Neer
Vice President
Investor Operations
Exhibit 99.32
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
September, 1999
Series 1999-15, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1999 (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 % 7.256504
----------------------
Weighted average maturity 354.89
----------------------
A. Amount of distribution allocable to principal and interest: The amounts
below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.10000000 % 0.00000000
PO $ 1.74866824 $ 0.84570313 $ 0.00000000 % 0.00000000
A1 $ 9.92573806 $ 8.55703988 $ 5.54417384 % 6.74999997
A2 $ 4.88692558 $ 4.21304860 $ 5.58520535 % 6.75000000
A3 $ 11.02670100 $ 9.50618680 $ 5.53520860 % 6.74999996
A4 $ 0.00000000 $ 0.00000000 $ 5.83333330 % 6.99999996
A5 $ 0.00000000 $ 0.00000000 $ 5.62500000 % 6.75000000
A6 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
A7 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
A8 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
A9 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
A10 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
A11 $ 0.00000000 $ 0.00000000 $ 5.83333333 % 7.00000000
A12 $ 0.00000000 $ 0.00000000 $ 5.83333324 % 6.99999989
A13 $ 7.83897480 $ 6.75802830 $ 5.56117220 % 6.75000002
A14 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
A15 $ 0.00000000 $ 0.00000000 $ 6.04166809 % 7.25000171
A16 $ 15.74019977 $ 13.56972296 $ 5.49682618 % 6.74999996
A17 $ 0.00000000 $ 0.00000000 $ 5.83333338 % 7.00000006
A18 $ 0.00000000 $ 0.00000000 $ 6.04166600 % 7.24999920
A19 $ 0.00000000 $ 0.00000000 $ 6.04166700 % 7.25000040
A20 $ 0.00000000 $ 0.00000000 $ 6.04166600 % 7.24999920
A21 $ 0.00000000 $ 0.00000000 $ 6.04166651 % 7.24999982
A22 $ 10.35323930 $ 8.92559128 $ 5.56708867 % 6.74999987
A23 $ 0.00000000 $ 0.00000000 $ 5.62500004 % 6.75000005
A24 $ 0.00000000 $ 0.00000000 $ 5.65664053 % 6.74999989
A25 $ 0.00000000 $ 0.00000000 $ 5.62499998 % 6.74999998
A26 $ 0.00000000 $ 0.00000000 $ 5.62500826 % 6.75000992
A27 $ 14.51131029 $ 12.51028992 $ 5.50683324 % 6.75000009
A28 $ 0.00000000 $ 0.00000000 $ 5.62500005 % 6.75000006
2A1 $ 7.61615357 $ 6.31585762 $ 5.57642595 % 6.74999999
2A2 $ 0.00000000 $ 0.00000000 $ 6.25000000 % 7.50000000
2A3 $ 0.00000000 $ 0.00000000 $ 0.00000000 % 0.00000000
2A4 $ 0.00000000 $ 0.00000000 $ 6.25000014 % 7.50000017
2A5 $ 0.00000000 $ 0.00000000 $ 5.62499983 % 6.74999979
1S $ 0.00000000 $ 0.00000000 $ 0.29286829 % 0.36502226
2S $ 0.00000000 $ 0.00000000 $ 0.29849509 % 0.36001084
M $ 0.80583645 $ 0.80583645 $ 5.62051529 % 6.75000022
B1 $ 0.80583621 $ 0.80583621 $ 5.62051500 % 6.74999987
B2 $ 0.80583628 $ 0.80583628 $ 5.62051549 % 6.75000046
B3 $ 0.80583632 $ 0.80583632 $ 5.62051573 % 6.75000076
B4 $ 0.80583873 $ 0.80583873 $ 5.62051269 % 6.74999712
B5 $ 0.80583807 $ 0.80583807 $ 5.62051516 % 6.75000009
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
A24 $ 228,611.43
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 191,139.99
----------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 991,155,690.68
----------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 3,048
-----------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36158GHL5
PO $ 4,354,490.18 $ 4,346,837.97 $ 993.33 GEC9915PO
A1 $ 79,846,896.38 $ 79,042,802.90 $ 975.71 36158GFV5
A2 $ 42,695,792.00 $ 42,485,654.20 $ 988.04 36158GFW3
A3 $ 49,201,854.53 $ 48,650,519.48 $ 973.01 36158GFX1
A4 $ 25,578,787.00 $ 25,578,787.00 $ 1,000.00 36158GFY9
A5 $ 5,000,000.00 $ 5,000,000.00 $ 1,000.00 36158GFZ6
A6 $ 1,200,000.00 $ 1,200,000.00 $ 1,000.00 36158GGA0
A7 $ 300,000.00 $ 300,000.00 $ 1,000.00 36158GGB8
A8 $ 300,000.00 $ 300,000.00 $ 1,000.00 36158GGC6
A9 $ 300,000.00 $ 300,000.00 $ 1,000.00 36158GGD4
A10 $ 900,000.00 $ 900,000.00 $ 1,000.00 36158GGE2
A11 $ 3,750,000.00 $ 3,750,000.00 $ 1,000.00 36158GGF9
A12 $ 37,265,800.00 $ 37,265,800.00 $ 1,000.00 36158GGG7
A13 $ 98,865,283.31 $ 98,081,385.83 $ 980.81 36158GGH5
A14 $ 8,297,969.00 $ 8,297,969.00 $ 1,000.00 36158GGJ1
A15 $ 1,461,646.00 $ 1,461,646.00 $ 1,000.00 36158GGK8
A16 $ 124,446,191.03 $ 122,441,708.08 $ 961.47 36158GGL6
A17 $ 64,991,384.00 $ 64,991,384.00 $ 1,000.00 36158GGM4
A18 $ 5,000,000.00 $ 5,000,000.00 $ 1,000.00 36158GGN2
A19 $ 10,000,000.00 $ 10,000,000.00 $ 1,000.00 36158GGP7
A20 $ 5,000,000.00 $ 5,000,000.00 $ 1,000.00 36158GGQ5
A21 $ 23,267,941.00 $ 23,267,941.00 $ 1,000.00 36158GGR3
A22 $ 21,853,817.31 $ 21,625,205.88 $ 979.35 36158GGS1
A23 $ 30,725,150.00 $ 30,725,150.00 $ 1,000.00 36158GGT9
A24 $ 40,642,032.69 $ 40,870,644.12 $ 1,011.28 36158GGU6
A25 $ 92,616,155.00 $ 92,616,155.00 $ 1,000.00 36158GGV4
A26 $ 605,000.00 $ 605,000.00 $ 1,000.00 36158GGW2
A27 $ 54,247,446.38 $ 53,443,352.90 $ 964.48 36158GGX0
A28 $ 52,390,300.00 $ 52,390,300.00 $ 1,000.00 36158GGY8
2A1 $ 41,637,313.83 $ 41,317,435.37 $ 983.75 36158GGZ5
2A2 $ 9,018,000.00 $ 9,018,000.00 $ 1,000.00 36158GHA9
2A3 $ 2,003,967.00 $ 2,003,967.00 $ 1,000.00 36158GHB7
2A4 $ 9,017,699.00 $ 9,017,699.00 $ 1,000.00 36158GHC5
2A5 $ 7,234,946.00 $ 7,234,946.00 $ 1,000.00 36158GHD3
1S $ 728,126,943.80 $ 723,402,180.15 $ 956.55 GEC99151S
2S $ 71,984,365.30 $ 71,662,051.95 $ 990.50 GEC99152S
M $ 21,078,180.64 $ 21,061,181.52 $ 998.40 36158GHE1
B1 $ 7,527,993.03 $ 7,521,921.86 $ 998.40 36158GHF8
B2 $ 4,516,396.14 $ 4,512,753.76 $ 998.40 36158GHG6
B3 $ 5,017,995.88 $ 5,013,948.97 $ 998.40 36157R4L6
B4 $ 2,007,398.19 $ 2,005,779.27 $ 998.40 36157R4M4
B5 $ 2,511,838.19 $ 2,509,812.44 $ 998.40 36157R4N2
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 53 Principal Balance $ 17,960,481.32
-------- --------------
2. 60-89 days
Number 2 Principal Balance $ 803,379.74
-------- --------------
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: $ 10,045,610.00
---------------
2. Bankruptcy Loss Amount: $ 358,194.00
---------------
3. Fraud Loss Amount: $ 10,045,610.00
---------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
------------
G.
Rounding Amount
Opening Reimbursement (Withdrawl) Closing
Class Balance Amount Balance
- ----- ------- ------ --------------- -------
A19 $ 999.99 $ 0.00 $ 0.00 $ 999.99
Exhibit 99.33
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
September, 1999
Series 1999-16, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1999 (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 $ 660,272.21
---------------
(b) Interest $ 1,135,541.07
---------------
(c) Total $ 1,795,813.28
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 502,265.05
---------------
(b) Interest $ 866,839.45
---------------
(c) Total $ 1,369,104.50
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 158,007.16
---------------
(b) Interest $ 268,701.62
---------------
(c) Total $ 426,708.78
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 112,382.30
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 403,041.17
---------------
(b) Interest $ 2,267.11
---------------
(c) Total $ 405,308.28
---------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
---------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 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: $ 197,551,187.85
---------------
13. Available Funds: $ 2,273,664.82
---------------
14. Realized Losses for prior month: $ 0.00
---------------
15. Aggregate Realized Losses
(a) Aggregate Realized Losses: $ 0.00
------------------------
(b) Deficient Valuations: $ 0.00
------------------------
(c) Debt Service Reductions: $ 0.00
------------------------
(d) Bankruptcy Losses: $ 0.00
------------------------
(e) Special Hazard Losses: $ 0.00
------------------------
(f) Fraud Losses: $ 0.00
------------------------
(g) Excess Bankruptcy Losses: $ 0.00
------------------------
(h) Excess Special Hazard Losses: $ 0.00
------------------------
(i) Excess Fraud Losses: $ 0.00
------------------------
16. Non-Credit Losses: $ 0.00
---------------
17. Compensating Interest Payment: $ 0.00
---------------
18. Total interest payments: $ 1,097,969.16
---------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.00 $ 0.00 $ 0.00 % 0.000000000
PO $ 0.00 $ 0.00 $ 0.00 % 0.000000000
A $ 1,045,443.72 $ 0.00 $ 1,045,443.72 % 6.500000005
S $ 30,785.58 $ 0.00 $ 30,785.58 % 0.258286231
M $ 8,805.75 $ 0.00 $ 8,805.75 % 6.499999932
B1 $ 3,228.60 $ 0.00 $ 3,228.60 % 6.500009932
B2 $ 3,228.60 $ 0.00 $ 3,228.60 % 6.500009932
B3 $ 3,228.60 $ 0.00 $ 3,228.60 % 6.500009932
B4 $ 1,614.30 $ 0.00 $ 1,614.30 % 6.500009932
B5 $ 1,634.01 $ 0.00 $ 1,634.01 % 6.500019492
20. Principal Distribution Amount: $ 1,175,695.66
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 0.00 $ 0.00
Class PO $ 8,243.12 $ 0.00
Class A $ 1,154,120.88 $ 0.00
Class S $ 0.00 $ 0.00
Class M $ 5,400.01 $ 0.00
Class B1 $ 1,979.89 $ 0.00
Class B2 $ 1,979.89 $ 0.00
Class B3 $ 1,979.89 $ 0.00
Class B4 $ 989.95 $ 0.00
Class B5 $ 1,002.03 $ 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: $ 37,518.75
----------
3. Supplemental Servicing Fee amount: $ N/A
----------
4. Credit Losses for prior month: $ 0.00
----------
Category A Category B Category C
5. Senior Percentage: % 97.962877 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: % 2.037123
-----------
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
-------------------------------
Tim Neer
Vice President
Investor Operations
Exhibit 99.34
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
September, 1999
Series 1999-16, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of July 1, 1999 (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 % .
---------------------
Weighted average maturity 175.17
---------------------
A. Amount of distribution allocable to principal and interest: The amounts
below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
PO $ 4.75156529 $ 1.38777350 $ 0.00000000 %0.00000000
A $ 5.90131861 $ 2.62318316 $ 5.34562418 %6.50000001
S $ 0.00000000 $ 0.00000000 $ 0.21230669 %0.25828623
M $ 3.31085837 $ 0.00000000 $ 5.39898835 %6.49999993
B1 $ 3.31085284 $ 0.00000000 $ 5.39899666 %6.50000993
B2 $ 3.31085284 $ 0.00000000 $ 5.39899666 %6.50000993
B3 $ 3.31085284 $ 0.00000000 $ 5.39899666 %6.50000993
B4 $ 3.31086957 $ 0.00000000 $ 5.39899666 %6.50000993
B5 $ 3.31085161 $ 0.00000000 $ 5.39900465 %6.50001949
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 37,518.75
------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 197,551,187.85
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 586
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 0.00 $ 0.00 $ 0.00 36157R4G7
PO $ 1,708,380.21 $ 1,700,137.09 $ 980.01 GEC9916PO
A $ 193,004,994.30 $ 191,850,873.42 $ 980.98 36157R4F9
S $ 143,030,063.45 $ 142,463,044.19 $ 982.47 GEC99016S
M $ 1,625,676.94 $ 1,620,276.92 $ 993.43 36157R4H5
B1 $ 596,048.32 $ 594,068.42 $ 993.43 36157R4J1
B2 $ 596,048.32 $ 594,068.42 $ 993.43 36157R4K8
B3 $ 596,048.32 $ 594,068.42 $ 993.43 36158GHH4
B4 $ 298,024.16 $ 297,034.21 $ 993.43 36158GHJ4
B5 $ 301,662.48 $ 300,660.44 $ 993.43 36158GHK7
D. The aggregate number and aggregate Principal Balances of Mortgage
Loans which, as of the close of business on the last day of the
month preceding the related Determination Date, were delinquent:
1. 30-59 days
Number 8 Principal Balance $ 2,811,720.86
-------- -------------
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: $ 2,186,228.00
--------------
2. Bankruptcy Loss Amount: $ 100,000.00
--------------
3. Fraud Loss Amount: $ 2,013,316.00
--------------
4. Certificate Interest Rate of the Class S Certificate: % 0.00000000
-----------
Exhibit 99.35
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
September, 1999
Series 1999-17, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of August 1, 1999 (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 $ 269,674.91
---------------
(b) Interest $ 2,173,729.13
---------------
(c) Total $ 2,443,404.04
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 184,179.05
---------------
(b) Interest $ 1,513,401.71
---------------
(c) Total $ 1,697,580.76
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 85,495.86
---------------
(b) Interest $ 660,327.42
---------------
(c) Total $ 745,823.28
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 68,067.44
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 1,664,240.13
---------------
(b) Interest $ 2,189.11
---------------
(c) Total $ 1,666,429.24
---------------
6. Aggregate Insurance Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
7. Aggregate Liquidation Proceeds received:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
8. Aggregate Deficient Valuations with respect to the Mortgage
Loans during the prior month: $ 0.00
---------------
9. Aggregate Debt Service Reductions with respect to the Mortgage Loans
during the prior month: $ 0.00
---------------
10. Aggregate Purchase Prices for Defaulted Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
11. Aggregate Purchase Prices for Defective Mortgage Loans:
(a) Principal $ 0.00
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 0.00
---------------
12. Pool Scheduled Principal Balance: $ 349,444,970.96
---------------
13. Available Funds: $ 4,113,143.56
---------------
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: $ 382.50
---------------
18. Total interest payments: $ 2,111,160.35
---------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------------------- ------- ------------
R $ 0.58 $ 0.00 $ 0.58 %6.960000000
PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
A1 $ 145,833.33 $ 0.00 $ 145,833.33 %6.999999840
A2 $ 85,114.17 $ 0.00 $ 85,114.17 %7.000000274
A3 $ 195,431.05 $ 0.00 $ 195,431.05 %6.999999940
A4 $ 141,521.18 $ 0.00 $ 141,521.18 %6.999999918
A5 $ 204,794.00 $ 0.00 $ 0.00 %7.000000171
A6 $ 87,673.16 $ 0.00 $ 87,673.16 %7.000000266
A7 $ 30,208.33 $ 0.00 $ 30,208.33 %7.249999200
A8 $ 0.00 $ 0.00 $ 0.00 %0.000000000
A9 $ 29,790.83 $ 0.00 $ 29,790.83 %6.999999217
A10 $ 163,387.93 $ 0.00 $ 163,387.93 %6.999999857
A11 $ 119,583.33 $ 0.00 $ 119,583.33 %6.999999805
A12 $ 742,062.70 $ 0.00 $ 742,062.70 %7.000000031
S $ 83,755.45 $ 0.00 $ 83,755.45 %0.423254400
M $ 38,949.17 $ 0.00 $ 38,949.17 %7.000000599
B1 $ 15,376.67 $ 0.00 $ 15,376.67 %7.000001517
B2 $ 8,201.67 $ 0.00 $ 8,201.67 %7.000002845
B3 $ 10,249.17 $ 0.00 $ 10,249.17 %7.000002277
B4 $ 4,095.00 $ 0.00 $ 4,095.00 %7.000000000
B5 $ 5,132.63 $ 0.00 $ 5,132.63 %7.000005239
20. Principal Distribution Amount: $ 2,001,983.21
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 100.00 $ 0.00
Class PO $ 14,896.30 $ 0.00
Class A1 $ 349,096.32 $ 0.00
Class A2 $ 0.00 $ 0.00
Class A3 $ 0.00 $ 0.00
Class A4 $ 181,765.48 $ 0.00
Class A5 $ 0.00 $ 204,794.00
Class A6 $ 157,898.20 $ 0.00
Class A7 $ 0.00 $ 0.00
Class A8 $ 0.00 $ 0.00
Class A9 $ 0.00 $ 0.00
Class A10 $ 0.00 $ 0.00
Class A11 $ 0.00 $ 0.00
Class A12 $ 1,492,248.65 $ 0.00
Class S $ 0.00 $ 0.00
Class M $ 5,116.45 $ 0.00
Class B1 $ 2,019.91 $ 0.00
Class B2 $ 1,077.39 $ 0.00
Class B3 $ 1,346.35 $ 0.00
Class B4 $ 537.93 $ 0.00
Class B5 $ 674.23 $ 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
----- ------------------- -------------------
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: $ 34,396.23
----------
3. Supplemental Servicing Fee amount: $ N/A
----------
4. Credit Losses for prior month: $ 0.00
----------
Category A Category B Category C
5. Senior Percentage: % 95.955209 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: % 4.044791
-----------
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
-------------------------------
Tim Neer
Vice President
Investor Operations
Exhibit 99.36
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
September, 1999
Series 1999-17, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of August 1, 1999 (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 % 7.458667
------------------------
Weighted average maturity 356.16
------------------------
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 $ 870.70000000 $ 5.80000000 %6.96000000
PO $ 3.82758272 $ 2.96648389 $ 0.00000000 %0.00000000
A1 $ 13.96385280 $ 12.15822320 $ 5.83333320 %6.99999984
A2 $ 0.00000000 $ 0.00000000 $ 5.83333356 %7.00000027
A3 $ 0.00000000 $ 0.00000000 $ 5.83333328 %6.99999994
A4 $ 7.49215503 $ 6.52336360 $ 5.83333326 %6.99999992
A5 $ 0.00000000 $ 0.00000000 $ 5.83333348 %7.00000017
A6 $ 10.50575647 $ 9.14728413 $ 5.83333356 %7.00000027
A7 $ 0.00000000 $ 0.00000000 $ 6.04166600 %7.24999920
A8 $ 0.00000000 $ 0.00000000 $ 0.00000000 %0.00000000
A9 $ 0.00000000 $ 0.00000000 $ 5.83333268 %6.99999922
A10 $ 0.00000000 $ 0.00000000 $ 5.83333321 %6.99999986
A11 $ 0.00000000 $ 0.00000000 $ 5.83333317 %6.99999980
A12 $ 11.73052335 $ 10.21367974 $ 5.83333336 %7.00000003
S $ 0.00000000 $ 0.00000000 $ 0.35271200 %0.42325440
M $ 0.76627977 $ 0.00000000 $ 5.83333383 %7.00000060
B1 $ 0.76627845 $ 0.00000000 $ 5.83333460 %7.00000152
B2 $ 0.76628023 $ 0.00000000 $ 5.83333570 %7.00000284
B3 $ 0.76627775 $ 0.00000000 $ 5.83333523 %7.00000228
B4 $ 0.76628205 $ 0.00000000 $ 5.83333333 %7.00000000
B5 $ 0.76627602 $ 0.00000000 $ 5.83333770 %7.00000524
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
A5 $ 204,794.00
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 34,396.23
------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 349,444,970.96
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 1,069
---------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 100.00 $ 0.00 $ 0.00 36157R5R2
PO $ 3,891,829.67 $ 3,876,933.37 $ 996.17 GEC9917PO
A1 $ 25,000,000.00 $ 24,650,903.68 $ 986.04 36157R5B7
A2 $ 14,591,000.00 $ 14,591,000.00 $ 1,000.00 36157R5C5
A3 $ 33,502,466.00 $ 33,502,466.00 $ 1,000.00 36157R5D3
A4 $ 24,260,774.00 $ 24,079,008.52 $ 992.51 36157R5E1
A5 $ 35,107,542.00 $ 35,312,335.99 $ 1,005.83 36157R5F8
A6 $ 15,029,684.00 $ 14,871,785.80 $ 989.49 36157R5G6
A7 $ 5,000,000.00 $ 5,000,000.00 $ 1,000.00 36157R5H4
A8 $ 178,571.00 $ 178,571.00 $ 1,000.00 36157R5J0
A9 $ 5,107,000.00 $ 5,107,000.00 $ 1,000.00 36157R5K7
A10 $ 28,009,360.00 $ 28,009,360.00 $ 1,000.00 36157R5L5
A11 $ 20,500,000.00 $ 20,500,000.00 $ 1,000.00 36157R5M3
A12 $ 127,210,748.00 $ 125,718,499.35 $ 988.27 36157R5S0
S $ 237,461,299.67 $ 236,535,382.53 $ 996.10 GEC99017S
M $ 6,677,000.00 $ 6,671,883.55 $ 999.23 36157R5N1
B1 $ 2,636,000.00 $ 2,633,980.09 $ 999.23 36157R5P6
B2 $ 1,406,000.00 $ 1,404,922.61 $ 999.23 36157R5Q4
B3 $ 1,757,000.00 $ 1,755,653.65 $ 999.23 36157R4V4
B4 $ 702,000.00 $ 701,462.07 $ 999.23 36157R4W2
B5 $ 879,878.77 $ 879,204.54 $ 999.23 36157R4X0
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 14 Principal Balance $ 5,159,920.64
-------- -------------
2. 60-89 days
Number 0 Principal Balance $ 0.00
-------- -------------
3. 90 days or more
Number 0 Principal Balance $ 0.00
-------- -------------
4. In Foreclosure
Number 0 Principal Balance $ 0.00
-------- -------------
5. Real Estate Owned
Number 0 Principal Balance $ 0.00
-------- -------------
6. The Scheduled Principal Balance of any Mortgage Loan replaced
pursuant to the Pooling And Servicing Agreement:
$ 0.00
------------
E. Other Information:
1. Special Hazard Loss Amount: $ 3,514,470.00
---------------
2. Bankruptcy Loss Amount: $ 135,910.00
---------------
3. Fraud Loss Amount: $ 3,514,470.00
---------------
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 99.37
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
September, 1999
Series 1999-19, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of August 1, 1999 (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 $ 482,552.94
---------------
(b) Interest $ 852,411.59
---------------
(c) Total $ 1,334,964.53
---------------
2. Aggregate scheduled Monthly Payments received this month:
(a) Principal $ 240,397.89
---------------
(b) Interest $ 429,356.96
---------------
(c) Total $ 669,754.85
---------------
3. Aggregate Monthly Advances this month:
(a) Principal $ 242,155.05
---------------
(b) Interest $ 423,054.63
---------------
(c) Total $ 665,209.68
---------------
4. Aggregate Principal Prepayments in part received in the applicable
Prepayment Period:
(a) Principal $ 53,817.29
---------------
5. Aggregate Principal Prepayments in full received in the applicable
Prepayment Period:
(a) Principal $ 714,232.47
---------------
(b) Interest $ 3,024.66
---------------
(c) Total $ 717,257.13
---------------
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 $ 3,331,237.10
---------------
(b) Interest $ 0.00
---------------
(c) Total $ 3,331,237.10
---------------
12. Pool Scheduled Principal Balance: $ 146,823,388.80
---------------
13. Available Funds: $ 5,425,175.04
---------------
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: $ 0.00
------------
18. Total interest payments: $ 843,334.65
------------
19. Interest
Unpaid Class
Accrued Certificate Interest Shortfalls Interest
Class Interest Payable Pay-out Rate
- ----- -------- ------- ------------
R $ 0.54 $ 0.00 $ 0.54 %6.480000000
PO $ 0.00 $ 0.00 $ 0.00 %0.000000000
A $ 798,254.17 $ 0.00 $ 798,254.17 %6.500000027
S $ 28,673.09 $ 0.00 $ 28,673.09 %0.318233442
M $ 6,559.58 $ 0.00 $ 6,559.58 %6.499996697
B1 $ 2,459.17 $ 0.00 $ 2,459.17 %6.500008811
B2 $ 2,459.17 $ 0.00 $ 2,459.17 %6.500008811
B3 $ 2,459.17 $ 0.00 $ 2,459.17 %6.500008811
B4 $ 1,235.00 $ 0.00 $ 1,235.00 %6.500000000
B5 $ 1,234.76 $ 0.00 $ 1,234.76 %6.499977825
20. Principal Distribution Amount: $ 4,581,840.39
-------------
21. Principal Distribution Amount per Certificate:
Principal Distribution Accrual Amount
---------------------- --------------
Class R $ 100.00 $ 0.00
Class PO $ 40,575.88 $ 0.00
Class A $ 4,531,511.90 $ 0.00
Class S $ 0.00 $ 0.00
Class M $ 3,859.18 $ 0.00
Class B1 $ 1,446.80 $ 0.00
Class B2 $ 1,446.80 $ 0.00
Class B3 $ 1,446.80 $ 0.00
Class B4 $ 726.58 $ 0.00
Class B5 $ 726.45 $ 0.00
22. Additional distributions to the Class R Certificate pursuant to the
Agreement:
$ 0.00
---------------
23. Additional distributions to the Class RL Certificate pursuant to the
Agreement:
$ 0.00
---------------
24. Subordinate Certificate Writedown Amount: $ 0.00
---------------
Accumulative
Class Supported Shortfall Supported Shortfall
----- ------------------- -------------------
B1 $ 0.00 $ 0.00
B2 $ 0.00 $ 0.00
B3 $ 0.00 $ 0.00
B4 $ 0.00 $ 0.00
B5 $ 0.00 $ 0.00
25. Unanticipated Recoveries: $ 0.00
---------------
B. Other Amounts for such Distribution Date:
1. Prepayment Distribution Triggers satisfied:
Yes No
--- --
Class-B1 X
Class-B2 X
Class-B3 X
Class-B4 X
Class-B5 X
2. Base Servicing Fee amount: $ 13,704.59
----------
3. Supplemental Servicing Fee amount: $ N/A
----------
4. Credit Losses for prior month: $ 0.00
----------
Category A Category B Category C
5. Senior Percentage: % 97.986054 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: % 2.013946
-----------
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
-------------------------------
Tim Neer
Vice President
Investor Operations
Exhibit 99.38
GE CAPITAL MORTGAGE SERVICES, INC.
DISTRIBUTION DATE STATEMENT
September, 1999
Series 1999-19, REMIC Multi-Class Pass-Through Certificates
Pursuant to the Pooling and Servicing Agreement dated as of August 1, 1999 (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 % 6.944956
-------------------------
Weighted average maturity 175.67
-------------------------
A. Amount of distribution allocable to principal and interest: The amounts
below are for a Single Certificate of $1,000:
1.
Principal
Principal Per Prepayments Per Interest Per
Class Certificate Certificate Certificate Payout Rate
----- ----------- ----------- ----------- -----------
R $ 1000.00000000 $ 896.40000000 $ 5.40000000 % 6.48000000
PO $ 40.32697666 $ 37.08148823 $ 0.00000000 % 0.00000000
A $ 30.74921558 $ 27.56250845 $ 5.41666669 % 6.50000003
S $ 0.00000000 $ 0.00000000 $ 0.26519453 % 0.31823344
M $ 3.18677126 $ 0.00000000 $ 5.41666391 % 6.49999670
B1 $ 3.18678414 $ 0.00000000 $ 5.41667401 % 6.50000881
B2 $ 3.18678414 $ 0.00000000 $ 5.41667401 % 6.50000881
B3 $ 3.18678414 $ 0.00000000 $ 5.41667401 % 6.50000881
B4 $ 3.18675439 $ 0.00000000 $ 5.41666667 % 6.50000000
B5 $ 3.18679264 $ 0.00000000 $ 5.41664819 % 6.49997782
2. Unanticipated Recoveries: $ 0.00
---------------
B. Accrual Amount
1.
Accrual Amount
Class
N/A $ N/A
2. The amount of servicing compensation received by the Company during
the month preceding the month of distribution:
$ 13,704.59
------------
C. The amounts below are for the aggregate of all Certificates:
1. The Pool Scheduled Principal Balance: $ 146,823,388.80
---------------
2. The aggregate number of Mortgage Loans included in the Pool
Scheduled Principal Balance set forth above: 419
--------------
3.
Beginning Aggregate Class Ending Aggregate Ending
Certificate Principal Class Certificate Single Certificate
Class Balance Principal Balance Balance Cusip
- ----- ------- ----------------- ------- -----
R $ 100.00 $ 0.00 $ 0.00 36157R4R3
PO $ 1,006,172.13 $ 965,596.25 $ 959.67 GEC9919PO
A $ 147,370,000.00 $ 142,838,488.10 $ 969.25 36157R4Q5
S $ 108,120,968.69 $ 104,392,174.59 $ 965.51 GEC99019S
M $ 1,211,000.00 $ 1,207,140.82 $ 996.81 36157R4S1
B1 $ 454,000.00 $ 452,553.20 $ 996.81 36157R4T9
B2 $ 454,000.00 $ 452,553.20 $ 996.81 36157R4U6
B3 $ 454,000.00 $ 452,553.20 $ 996.81 36157R4Y8
B4 $ 228,000.00 $ 227,273.42 $ 996.81 36157R4Z5
B5 $ 227,956.47 $ 227,230.02 $ 996.81 36157R5A9
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 $ 803,338.15
-------- ------------
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: $ 1,714,862.00
---------------
2. Bankruptcy Loss Amount: $ 100,000.00
---------------
3. Fraud Loss Amount: $ 1,514,052.00
---------------
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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