GE CAPITAL MORTGAGE SERVICES INC
8-K, 1999-09-23
ASSET-BACKED SECURITIES
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  IN ACCORDANCE WITH RULE 202 OF REGULATION S-T, THIS FORM 8-K IS BEING FILED IN
PAPER PURSUANT TO A CONTINUING HARDSHIP EXEMPTION.


                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


       Date of report (Date of earliest event reported) September 20, 1999


                       GE Capital Mortgage Services, Inc.
                  (as Seller and Servicer under the Pooling and
               Servicing Agreement dated as of September 1, 1999,
                  providing for the issuance of REMIC Mortgage
                   Pass-Through Certificates, Series 1999-18)

                       GE Capital Mortgage Services, Inc.
             (Exact name of registrant as specified in its charter)

          New Jersey                    33-5042             21-0627285
          -------------------------------------------------------------
          (State or other jurisdiction (Commission     (I.R.S. Employer
             of incorporation)          File Number) Identification No.)


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


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


Item 5. Other Events.

     Attached as Exhibit 1 to this Current Report are certain materials (the
"Computational Materials"). The Computational Materials included in Exhibit 1
were prepared and furnished to the Registrant by Lehman Brothers Inc. ("Lehman")
and the Computational Materials included in Exhibit 2 were prepared and
furnished to the Registrant by Bear, Stearns & Co. Inc. (together with Lehman,
the "Underwriters"), each acting as an underwriter in respect of certain classes
of the Registrant's REMIC Mortgage Pass-Through Certificates, Series 1999-18
(the "Certificates"). Certain classes of the Certificates (the "Offered
Certificates") are being offered pursuant to a Prospectus dated August 19, 1999,
as supplemented by a related Prospectus Supplement dated September 20, 1999
(together, the "Prospectus"), which are being filed with the Commission pursuant
to Rule 424(b) under the Securities Act of 1933, as amended (the "Act"),
substantially concurrently with the filing of this Current Report. The Offered
Certificates have been registered pursuant to the Act under a Registration
Statement on Form S-3 filed by the Company and GE Capital Mortgage Funding
Corporation (file nos. 333-68951 and 333-68951-01) (the "Registration
Statement"). The Registrant hereby incorporates the Computational Materials by
reference in the Registration Statement.

     The Computational Materials were prepared solely by the applicable
Underwriter, and the Registrant did not prepare or participate in the
preparation of the Computational Materials.

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

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

(c)  Exhibits.


Exhibit 1.                 Computational (Lehman Brothers Inc.)

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




<PAGE>



                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                       GE Capital Mortgage Services, Inc.
                                       (Registrant)



Date: September 23, 1999               By    /s/  Mary Kaplan
      ------------------                  ---------------------------
                                          Name:  Mary Kaplan
                                          Title:  Vice President


<PAGE>


                                  EXHIBIT INDEX


The following exhibits are being filed herewith:


EXHIBIT NO.                DESCRIPTION                                PAGE
- -----------                -----------                                ----

         1          Computational Materials                            5
                    (Lehman Brothers Inc.)


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




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